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Real Estate Assets, Net (Tables) | 6 Months Ended
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Jun. 30, 2025
Real Estate [Abstract] |
Summary of Single-Family Properties | The net book values of real estate assets consisted of the following as of June 30, 2025 and December 31, 2024 (amounts in thousands):
| June 30, 2025 |  | December 31, 2024
Occupied single-family properties | $ | 10,485,414 |  |  | $ | 10,174,136 |
Single-family properties leased, not yet occupied | 87,939 |  |  | 81,154 |
Single-family properties in turnover process | 324,623 |  |  | 397,850 |
Single-family properties recently renovated or developed | 49,018 |  |  | 226,199 |
Single-family properties newly acquired and under renovation | 702 |  |  | 1,260 |
Single-family properties in operation, net | 10,947,696 |  |  | 10,880,599 |
Development land | 624,444 |  |  | 602,147 |
Single-family properties under development | 685,380 |  |  | 670,137 |
Single-family properties and land held for sale, net | 242,402 |  |  | 212,808 |
Total real estate assets, net | $ | 12,499,922 |  |  | $ | 12,365,691 |

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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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