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Real Estate Assets, Net (Tables) | 3 Months Ended
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Mar. 31, 2024
Real Estate [Abstract] |
Summary of Single-Family Properties | The net book values of real estate assets consisted of the following as of March 31, 2024 and December 31, 2023 (amounts in thousands):
| March 31, 2024 |  | December 31, 2023
Occupied single-family properties | $ | 9,722,674 |  |  | $ | 9,595,421 |
Single-family properties leased, not yet occupied | 89,206 |  |  | 54,481 |
Single-family properties in turnover process | 275,613 |  |  | 370,856 |
Single-family properties recently renovated or developed | 128,177 |  |  | 140,962 |
Single-family properties newly acquired and under renovation | 1,616 |  |  | 3,999 |
Single-family properties in operation, net | 10,217,286 |  |  | 10,165,719 |
Development land | 531,641 |  |  | 563,718 |
Single-family properties under development | 827,698 |  |  | 845,706 |
Single-family properties and land held for sale, net | 229,431 |  |  | 182,082 |
Total real estate assets, net | $ | 11,806,056 |  |  | $ | 11,757,225 |

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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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