CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Assets
Land	$ 180,319	$ 158,795
Building and improvements	722,848	627,881
Furniture, fixtures and equipment	7,456	6,930
Investment in real estate, gross	910,623	793,606
Less: accumulated depreciation	(25,996)	(18,058)
Investment in real estate, net	884,627	775,548
Mortgage financings	36,656	43,512
Cash and cash equivalents	50,855	24,294
Acquisition deposits	4,609	282
Rents and other receivables, net	3,178	2,906
Due from related party	5	43
Deferred leasing costs and lease intangibles, net	3,144	2,454
Deferred financing costs, net	5,689	6,558
Investment in unconsolidated ventures	26,561	26,611
Goodwill	3,500	3,500
Other, net	4,695	8,494
Total assets	1,023,519	894,202
Liabilities:
Revolving credit facility	303,000	169,000
Exchangeable senior notes	100,041	99,377
Accounts payable and accrued expenses	12,437	12,862
Security deposits	5,405	3,995
Prepaid rent	2,344	1,549
Total liabilities	423,227	286,783
American Residential Properties, Inc. stockholders' equity:
Preferred stock, $0.01 par value, 100,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized; 32,171,102 shares issued and outstanding at March 31, 2014 and December 31, 2013	322	322
Additional paid-in capital	628,289	628,210
Accumulated deficit	(38,791)	(31,122)
Total American Residential Properties, Inc. stockholders' equity	589,820	597,410
Non-controlling interests	10,472	10,009
Total equity	600,292	607,419
Total liabilities and equity	$ 1,023,519	$ 894,202