Condensed Consolidated Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:
Rents from single-family properties	$ 88,871	$ 17,020	$ 162,632	$ 23,515
Fees from single-family properties	1,889	690	3,247	754
Tenant charge-backs	3,138	47	5,028	47
Other	406	363	675	363
Total revenues	94,304	18,120	171,582	24,679
Property operating expenses
Leased single-family properties	36,790	6,859	66,056	9,362
Vacant single-family properties and other	6,351	4,391	15,394	6,120
General and administrative expense	5,703	811	10,777	2,436
Advisory fees		3,610		6,352
Interest expense	3,888		5,390	370
Noncash share-based compensation expense	612	279	1,144	453
Acquisition fees and costs expensed	919	2,099	1,371	3,489
Depreciation and amortization	38,325	10,879	73,456	13,784
Total expenses	92,588	28,928	173,588	42,366
Gain on remeasurement of equity method investment		10,945		10,945
Remeasurement of Series E units	(4,944)		(7,700)
Remeasurement of Preferred shares	(141)		(598)
Income (loss) from continuing operations	(3,369)	137	(10,304)	(6,742)
Discontinued operations
Gain on disposition of single-family properties		904		904
Income from discontinued operations		82		104
Total income from discontinued operations		986		1,008
Net income (loss)	(3,369)	1,123	(10,304)	(5,734)
Noncontrolling interest	4,212	4,664	7,832	5,559
Dividends on preferred shares	4,669		7,790
Conversion of preferred units		10,456		10,456
Net loss attributable to common shareholders	$ (12,250)	$ (13,997)	$ (25,926)	$ (21,749)
Weighted average shares outstanding - basic and diluted (in shares)	185,515,651	95,971,706	185,510,004	72,234,717
Net loss per share - basic and diluted:
Loss from continuing operations (in dollars per share)	$ (0.07)	$ (0.16)	$ (0.14)	$ (0.31)
Income from discontinued operations (in dollars per share)		$ 0.01		$ 0.01
Net loss attributable to common shareholders per share - basic and diluted (in dollars per share)	$ (0.07)	$ (0.15)	$ (0.14)	$ (0.30)