CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Rental income	$ 93,218	$ 23,005	$ 1,551
Operating expense reimbursements	12,759	3,585	266
Resident services and fee income	140,901	31,849	0
Contingent purchase price consideration	612	0	0
Total revenues	247,490	58,439	1,817
Expenses:
Property operating and maintenance	125,573	26,717	122
Operating fees to related parties	12,191	0	0
Acquisition and transaction related	14,679	33,623	730
General and administrative	9,733	3,541	104
Depreciation and amortization	120,924	28,889	1,077
Total expenses	283,100	92,770	2,033
Operating loss	(35,610)	(34,331)	(216)
Other income (expense):
Interest expense	(10,356)	(3,559)	0
Interest and other income	582	735	0
Gain on sale of investment securities	446	8	0
Total other expense	(9,328)	(2,816)	0
Loss before income tax and non-controlling interests	(44,938)	(37,147)	(216)
Income tax benefit (expense)	2,978	(565)	(5)
Net loss	(41,960)	(37,712)	(221)
Net loss attributable to non-controlling interests	219	34	0
Net loss attributable to stockholders	(41,741)	(37,678)	(221)
Other comprehensive loss:
Unrealized loss on investment securities, net	(469)	463	0
Comprehensive loss attributable to stockholders	$ (42,210)	$ (37,215)	$ (221)
Basic and diluted weighted average shares outstanding (in shares)	85,331,966	51,234,729	2,148,297
Basic and diluted net loss per share (in usd per share)	$ (0.49)	$ (0.74)	$ (0.10)
Dividends declared (in usd per share)	$ 1.70	$ 1.70	$ 1.03