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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
In addition to the revenues and significant segment expenses included within the condensed consolidated statements of operations, the following table presents significant segment expenses regularly provided to the CODM within property operating expenses for the three and six months ended June 30, 2025 and 2024 (amounts in thousands):
For the Three Months Ended
June 30,		For the Six Months Ended
June 30,
2025202420252024
Property operating expenses
Property tax expense$66,119 $64,026 $133,059 $128,614 
HOA fees7,349 6,738 14,163 13,052 
Repairs and maintenance and turnover costs82,007 73,758 170,852 154,006 
Insurance4,614 4,948 9,545 9,725 
Total property operating expenses$160,089 $149,470 $327,619 $305,397 
The table below summarizes the significant expense categories included in Core NOI and regularly provided to the CODM for the three and six months ended June 30, 2025 and 2024 (amounts in thousands):
 For the Three Months Ended
June 30,		For the Six Months Ended
June 30,
2025202420252024
Core revenues$405,046 $376,123 $800,461 $742,341 
Core property operating expenses
Property tax expense66,119 64,026 133,059 128,614 
HOA fees, net of tenant charge-backs7,349 6,738 14,163 13,052 
Repairs and maintenance and turnover costs, net of tenant charge-backs31,808 28,263 59,089 53,109 
Insurance4,614 4,948 9,545 9,725 
Property management expenses, net of tenant charge-backs and excluding share-based compensation31,017 29,166 61,655 57,189 
Total core property operating expenses140,907 133,141 277,511 261,689 
Core NOI$264,139 $242,982 $522,950 $480,652 
Reconciliation of core revenues to rents and other single-family property revenues
Core revenues$405,046 $376,123 $800,461 $742,341 
Tenant charge-backs52,457 47,371 116,318 104,708 
Rents and other single-family property revenues$457,503 $423,494 $916,779 $847,049 
Reconciliation of Core NOI to net income
Core NOI$264,139 $242,982 $522,950 $480,652 
Noncash share-based compensation - property management(1,137)(1,340)(2,383)(2,784)
General and administrative expense(20,008)(21,693)(39,679)(43,578)
Interest expense(46,303)(38,678)(91,729)(77,255)
Acquisition and other transaction costs(2,655)(2,937)(5,716)(6,261)
Depreciation and amortization(126,939)(117,603)(251,867)(233,329)
Loss on early extinguishment of debt— (63)(216)(1,017)
Gain on sale and impairment of single-family properties and other, net51,908 43,892 113,924 112,793 
Other income and expense, net4,619 3,974 7,053 7,408 
Net income$123,624 $108,534 $252,337 $236,629