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DEBT OBLIGATIONS - Narrative (Details)
3 Months Ended 6 Months Ended
Sep. 16, 2020
USD ($)
Jun. 30, 2022
USD ($)
property
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
property
Jun. 30, 2021
USD ($)
Debt Instrument [Line Items]          
Face amount of debt   $ 23,340,461,000   $ 23,340,461,000  
Interest expense and warehouse line fees   $ 150,829,000 $ 106,539,000 $ 289,662,000 $ 225,444,000
Weighted average interest rate   2.84%   2.84%  
Secured Financing Agreements          
Debt Instrument [Line Items]          
Face amount of debt   $ 13,969,519,000   $ 13,969,519,000  
Debt redemption percentage       $ 72,931,759,000  
Weighted average interest rate   2.21%   2.21%  
Senior Notes          
Debt Instrument [Line Items]          
Issuance fees   $ 5,800,000   $ 5,800,000  
Interest expense and warehouse line fees   8,500,000      
Senior Notes | 2025 Senior Notes          
Debt Instrument [Line Items]          
Face amount of debt $ 550,000,000        
Interest rate 6.25%        
Redemption maximum principal amount, percentage 0.40        
Debt redemption percentage 106.25%     101.00%  
Debt redemption percentage $ 544,500,000        
Issuance fees $ 8,300,000        
Debt instrument, restrictive covenants, minimum total unencumbered assets maintenance requirement       1.20  
Fixed Rate Loan | 2022-SFR 1 Securitization          
Debt Instrument [Line Items]          
Face amount of debt   $ 267,300,000   $ 267,300,000  
Debt instrument, term       5 years  
Weighted average interest rate   3.51%   3.51%  
Number of SFR properties | property   1,200   1,200  
Percentage of each class certificate acquired   5.00%   5.00%  
Payments to acquire class certificates       $ 13,400,000  
Gross proceeds from class certificates       253,900,000  
Issuance costs       $ 6,200,000  
Minimum debt service coverage ratio   120.00%   120.00%