Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Single-family properties:
Land	$ 1,475,312	$ 1,229,017
Buildings and improvements	6,450,233	5,469,533
Single-family properties held for sale	131,762	7,432
Single-family properties excluding accumulated depreciation	8,057,307	6,705,982
Less: accumulated depreciation	(535,648)	(416,044)
Single-family properties, net	7,521,659	6,289,938
Cash and cash equivalents	270,369	57,686
Restricted cash	133,996	111,282
Rent and other receivables, net	19,280	13,936
Escrow deposits, prepaid expenses and other assets	144,376	121,627
Deferred costs and other intangibles, net	16,399	10,429
Asset-backed securitization certificates	25,666	25,666
Goodwill	120,655	120,655
Total assets	8,252,400	6,751,219
Liabilities
Credit facility	142,000	0
Asset-backed securitizations, net	2,795,777	2,473,643
Exchangeable senior notes, net	106,434	0
Secured note payable	50,295	50,752
Accounts payable and accrued expenses	215,307	154,751
Amounts payable to affiliates	0	4,093
Contingently convertible Series E units liability	0	69,957
Preferred shares derivative liability	63,240	62,790
Total liabilities	3,373,053	2,815,986
Commitments and contingencies
Shareholders’ equity:
Preferred shares, $0.01 par value per share, 100,000,000 shares authorized, 37,010,000 and 17,060,000 shares issued and outstanding at June 30, 2016, and December 31, 2015	370	171
Additional paid-in capital	4,462,743	3,554,063
Accumulated deficit	(335,684)	(296,865)
Accumulated other comprehensive loss	0	(102)
Total shareholders’ equity	4,129,812	3,259,345
Noncontrolling interest	749,535	675,888
Total equity	4,879,347	3,935,233
Total liabilities and equity	8,252,400	6,751,219
Class A common shares
Shareholders’ equity:
Common stock, value, issued	2,377	2,072
Class B common shares
Shareholders’ equity:
Common stock, value, issued	$ 6	$ 6