Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Single-family properties:
Land	$ 847,564	$ 728,362
Buildings and improvements	3,758,122	3,188,693
Single-family properties held for sale	5,012	6,569
Single-family properties, gross	4,610,698	3,923,624
Less: accumulated depreciation	(126,904)	(62,202)
Single-family properties, net	4,483,794	3,861,422
Cash and cash equivalents	239,075	148,989
Restricted cash	46,912	26,430
Rent and other receivables, net	5,646	6,863
Escrow deposits, prepaid expenses and other assets	56,110	39,212
Deferred costs and other intangibles, net	30,365	20,573
Goodwill	120,655	120,655
Total assets	4,982,557	4,224,144
Liabilities
Credit facility	481,000	375,000
Asset-backed securitization	480,970
Accounts payable and accrued expenses	117,486	103,397
Amounts payable to affiliates	6,598
Contingently convertible Series E units liability	74,638	66,938
Preferred shares derivative liability	55,670	28,150
Total liabilities	1,216,362	573,485
Commitments and contingencies
Shareholders' equity:
Preferred shares, $0.01 par value per share, 100,000,000 shares authorized, 17,060,000 and 9,060,000 issued and outstanding at June 30, 2014 and December 31, 2013, respectively	171	91
Additional paid-in capital	3,160,486	2,996,478
Accumulated deficit	(107,956)	(63,479)
Accumulated other comprehensive loss	(212)
Total shareholders' equity	3,054,343	2,934,944
Noncontrolling interest	711,852	715,715
Total equity	3,766,195	3,650,659
Total liabilities and equity	4,982,557	4,224,144
Class A common shares
Shareholders' equity:
Common shares, value	1,848	1,848
Class B common shares
Shareholders' equity:
Common shares, value	$ 6	$ 6