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Real Estate Assets, Net - Components of Single-Family Properties (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
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