Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Real estate held for use:
Land	$ 397,375	$ 398,840
Rental residential properties	1,724,133	1,707,043
Real estate owned	8,886	16,328
Total real estate held for use	2,130,394	2,122,211
Less: accumulated depreciation	(262,776)	(206,464)
Total real estate held for use, net	1,867,618	1,915,747
Real estate assets held for sale	5,454	14,395
Cash and cash equivalents	84,418	43,727
Restricted cash	32,191	34,282
Accounts receivable	5,525	9,235
Goodwill	13,376	13,376
Prepaid expenses and other assets	32,221	22,360
Total assets	2,040,803	2,053,122
Liabilities:
Repurchase and loan agreements	1,620,968	1,644,230
Accounts payable and accrued liabilities	73,124	64,619
Payable to AAMC	34,967	5,014
Total liabilities	1,729,059	1,713,863
Commitments and contingencies (Note 7)	0	0
Equity:
Common stock, $0.01 par value, 200,000,000 authorized shares; 58,747,146 shares issued and outstanding as of September 30, 2020 and 53,933,575 shares issued and outstanding as of December 31, 2019	587	539
Additional paid-in capital	1,247,109	1,189,236
Accumulated deficit	(918,262)	(830,602)
Accumulated other comprehensive loss	(17,690)	(19,914)
Total equity	311,744	339,259
Total liabilities and equity	$ 2,040,803	$ 2,053,122