Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Real estate held for use:
Land	$ 392,153	$ 395,532
Rental residential properties	1,671,809	1,667,939
Real estate owned	27,344	40,496
Total real estate held for use	2,091,306	2,103,967
Less: accumulated depreciation	(188,426)	(137,881)
Total real estate held for use, net	1,902,880	1,966,086
Real estate assets held for sale	22,817	146,921
Mortgage loans at fair value	3,613	8,072
Cash and cash equivalents	46,776	44,186
Restricted cash	34,343	36,974
Accounts receivable	10,712	11,591
Goodwill	13,376	13,376
Prepaid expenses and other assets	42,232	43,045
Total assets	2,076,749	2,270,251
Liabilities:
Repurchase and loan agreements	1,617,457	1,722,219
Accounts payable and accrued liabilities	93,258	72,672
Payable to AAMC	4,168	3,968
Total liabilities	1,714,883	1,798,859
Commitments and contingencies
Equity:
Common stock, $0.01 par value, 200,000,000 authorized shares; 53,880,544 shares issued and outstanding as of September 30, 2019 and 53,630,204 shares issued and outstanding as of December 31, 2018	539	536
Additional paid-in capital	1,187,973	1,184,132
Accumulated deficit	(805,104)	(700,623)
Accumulated other comprehensive loss	(21,542)	(12,653)
Total equity	361,866	471,392
Total liabilities and equity	$ 2,076,749	$ 2,270,251