Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Real estate held for use:
Land	$ 394,846	$ 395,532
Rental residential properties	1,667,962	1,667,939
Real estate owned	33,801	40,496
Total real estate held for use	2,096,609	2,103,967
Less: accumulated depreciation	(154,245)	(137,881)
Total real estate held for use, net	1,942,364	1,966,086
Real estate assets held for sale	42,406	146,921
Mortgage loans at fair value	4,848	8,072
Cash and cash equivalents	43,629	44,186
Restricted cash	38,343	36,974
Accounts receivable	15,428	11,591
Goodwill	13,376	13,376
Prepaid expenses and other assets	40,865	43,045
Total assets	2,141,259	2,270,251
Liabilities:
Repurchase and loan agreements	1,631,979	1,722,219
Accounts payable and accrued liabilities	66,250	72,672
Payable to AAMC	3,711	3,968
Total liabilities	1,701,940	1,798,859
Commitments and contingencies
Equity:
Common stock, $0.01 par value, 200,000,000 authorized shares; 53,630,204 shares issued and outstanding as of March 31, 2019 and December 31, 2018	536	536
Additional paid-in capital	1,185,251	1,184,132
Accumulated deficit	(727,193)	(700,623)
Accumulated other comprehensive loss	(19,275)	(12,653)
Total equity	439,319	471,392
Total liabilities and equity	$ 2,141,259	$ 2,270,251