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Real Estate Assets, Net - Components of Single-Family Properties (Details) - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024
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Real Estate [Line Items] |  |
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
Occupied single-family properties |  |
Real Estate [Line Items] |  |
Single-family properties in operation, net | 10,485,414 | 10,174,136
Single-family properties leased, not yet occupied |  |
Real Estate [Line Items] |  |
Single-family properties in operation, net | 87,939 | 81,154
Single-family properties in turnover process |  |
Real Estate [Line Items] |  |
Single-family properties in operation, net | 324,623 | 397,850
Single-family properties recently renovated or developed |  |
Real Estate [Line Items] |  |
Single-family properties in operation, net | 49,018 | 226,199
Single-family properties newly acquired and under renovation |  |
Real Estate [Line Items] |  |
Single-family properties in operation, net | 702 | 1,260
Single Family Homes |  |
Real Estate [Line Items] |  |
Total real estate assets, net | $ 12,499,922 | $ 12,365,691

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