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Real Estate Assets, Net (Tables)

9 Months Ended

Sep. 30, 2024

Real Estate [Abstract]

Summary of Single-Family Properties

The net book values of real estate assets consisted of the following as of September 30, 2024 and December 31, 2023 (amounts in thousands):

			September 30, 2024						December 31, 2023
Occupied single-family properties			$	9,699,688					$	9,595,421
Single-family properties leased, not yet occupied			67,379						54,481
Single-family properties in turnover process			410,252						370,856
Single-family properties recently renovated or developed			217,509						140,962
Single-family properties newly acquired and under renovation			3,862						3,999
Single-family properties in operation, net			10,398,690						10,165,719
Development land			573,566						563,718
Single-family properties under development			631,806						845,706
Single-family properties and land held for sale, net			218,969						182,082
Total real estate assets, net			$	11,823,031					$	11,757,225

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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.

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