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Real Estate Assets, Net - Schedule of Real Estate Properties (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net $ 10,165,719 $ 9,938,672
Development land 563,718 631,539
Single-family properties under development 845,706 555,682
Single-family properties and land held for sale, net 182,082 198,716
Total real estate assets, net 11,757,225 11,324,609
Occupied single-family properties    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 9,595,421 9,419,098
Single-family properties leased, not yet occupied    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 54,481 52,325
Single-family properties in turnover process    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 370,856 281,356
Single-family properties recently renovated or developed    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 140,962 182,336
Single-family properties newly acquired and under renovation    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 3,999 3,557
Single Family Homes    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Total real estate assets, net $ 11,757,225 $ 11,324,609