Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:
Rents from single-family properties	$ 48,743,000	$ 983,000	$ 72,887,000	$ 1,263,000
Other	720,000		1,255,000
Total revenues	49,463,000	983,000	74,142,000	1,263,000
Expenses:
Leased single-family properties	17,579,000	360,000	26,941,000	493,000
Vacant single-family properties and other	7,873,000	517,000	13,993,000	635,000
General and administrative expense	2,742,000	2,291,000	5,178,000	3,948,000
Advisory fees			6,352,000
Interest expense			370,000
Noncash share-based compensation expense	153,000		606,000
Acquisition fees and costs expensed	496,000		3,985,000
Depreciation and amortization	24,043,000	490,000	37,827,000	592,000
Total expenses	52,886,000	3,658,000	95,252,000	5,668,000
Gain on remeasurement of equity method investment			10,945,000
Remeasurement of Series E units	(438,000)		(438,000)
Loss from continuing operations	(3,861,000)	(2,675,000)	(10,603,000)	(4,405,000)
Discontinued operations
Gain on disposition of assets			904,000
Income from discontinued operations			104,000
Total income from discontinued operations			1,008,000
Net loss	(3,861,000)	(2,675,000)	(9,595,000)	(4,405,000)
Noncontrolling interest	3,798,000		9,357,000
Conversion of preferred units			10,456,000
Net loss attributable to common shareholders	$ (7,659,000)	$ (2,675,000)	$ (29,408,000)	$ (4,405,000)
Weighted average shares outstanding - basic and diluted	162,725,150	3,301,667	102,729,661	3,301,667
Net loss per share - basic and diluted:
Loss from continuing operations	$ (0.05)	$ (0.81)	$ (0.30)	$ (1.33)
Discontinued operations			$ 0.01
Net loss attributable to common shareholders per share - basic and diluted	$ (0.05)	$ (0.81)	$ (0.29)	$ (1.33)