Condensed Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues:
Rents from single-family properties	$ 73,761	$ 6,495
Fees from single-family properties	1,358	64
Tenant charge-backs	1,890
Other	269
Total revenues	77,278	6,559
Expenses:
Leased single-family properties	29,266	2,503
Vacant single-family properties and other	9,043	1,729
General and administrative expense	5,074	1,625
Advisory fees		2,742
Interest expense	1,502	370
Noncash share-based compensation expense	532	174
Acquisition fees and costs expensed	452	1,390
Depreciation and amortization	35,131	2,905
Total expenses	81,000	13,438
Remeasurement of Series E units	(2,756)
Remeasurement of Preferred shares	(457)
Loss from continuing operations	(6,935)	(6,879)
Discontinued operations
Income from discontinued operations		22
Total income from discontinued operations		22
Net loss	(6,935)	(6,857)
Noncontrolling interest	3,620	895
Dividends on preferred shares	3,121
Net loss attributable to common shareholders	$ (13,676)	$ (7,752)
Weighted average shares outstanding - basic and diluted (in shares)	185,504,294	48,233,982
Net loss per share - basic and diluted:
Loss from continuing operations (in dollars per share)	$ (0.07)	$ (0.16)
Net loss attributable to common shareholders per share - basic and diluted (in dollars per share)	$ (0.07)	$ (0.16)