XML 51 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Debt - Components of Debt (Details)
1 Months Ended 3 Months Ended 6 Months Ended
Feb. 29, 2016
USD ($)
extension_option
Sep. 30, 2013
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
extension_option
Jun. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Mar. 31, 2013
USD ($)
Debt Instrument [Line Items]                
Asset-backed securitizations, gross     $ 2,859,563,000   $ 2,859,563,000   $ 2,530,210,000  
Debt outstanding, net     3,094,506,000   3,094,506,000   2,524,395,000  
Secured note payable     50,295,000   50,295,000   50,752,000  
Credit facility     142,000,000   142,000,000   0  
Total debt, gross     3,166,858,000   3,166,858,000   2,580,962,000  
Deferred financing costs, net     (52,493,000)   (52,493,000)   (56,567,000)  
Amortization of financing costs         5,279,000 $ 3,500,000    
Asset-backed securitization                
Debt Instrument [Line Items]                
Amortization of financing costs     $ 2,100,000 $ 1,800,000 $ 4,100,000 $ 3,200,000    
Asset-backed securitization | ARP 2014-SFR1                
Debt Instrument [Line Items]                
Debt instrument initial term 2 years              
Number of extension options | extension_option 3              
Period of extension options 12 months              
2014-SFR 1                
Debt Instrument [Line Items]                
Interest rate     2.01%   2.01%      
Debt instrument initial term         2 years      
Number of extension options | extension_option         3      
Period of extension options         12 months      
2014-SFR 1 | LIBOR                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate         0.25%      
2014-SFR 2                
Debt Instrument [Line Items]                
Interest rate     4.42%   4.42%      
2014-SFR 3                
Debt Instrument [Line Items]                
Interest rate     4.40%   4.40%      
2015-SFR 1                
Debt Instrument [Line Items]                
Interest rate     4.14%   4.14%      
2015-SFR 2                
Debt Instrument [Line Items]                
Interest rate     4.36%   4.36%      
Secured Notes Payable | Note Payable                
Debt Instrument [Line Items]                
Interest rate     4.06%   4.06%      
Secured note payable     $ 50,295,000   $ 50,295,000   50,752,000  
Senior Secured Revolving Credit Facility                
Debt Instrument [Line Items]                
Interest rate     3.22%   3.22%      
Credit facility     $ 142,000,000   $ 142,000,000   0  
Credit facility amount, maximum (up to)   $ 800,000,000 $ 800,000,000   $ 800,000,000     $ 500,000,000
Weighted blended interest rate | Asset-backed securitization | ARP 2014-SFR1 | LIBOR                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate 2.11%              
Weighted blended interest rate | 2014-SFR 1 | LIBOR                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate         1.54%      
Until March 2017 | Senior Secured Revolving Credit Facility                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate         2.75%      
Until March 2017 | Senior Secured Revolving Credit Facility | LIBOR                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   2.75%            
March 2017 and Thereafter | Senior Secured Revolving Credit Facility                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate         3.125%      
March 2017 and Thereafter | Senior Secured Revolving Credit Facility | LIBOR                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate   3.125%            
Borrower | Asset-backed securitization | ARP 2014-SFR1                
Debt Instrument [Line Items]                
Interest rate     2.58%   2.58%      
Debt outstanding, net     $ 342,115,000   $ 342,115,000   0  
Principal amount $ 342,200,000              
Unamortized discount     (11,293,000)   (11,293,000)   0  
Debt instrument initial term 2 years              
Number of extension options | extension_option 3              
Period of extension options 12 months              
Borrower | 2015-SFR 1                
Debt Instrument [Line Items]                
Asset-backed securitizations, gross     546,358,000   546,358,000   549,121,000  
Borrower | 2015-SFR 2                
Debt Instrument [Line Items]                
Asset-backed securitizations, gross     $ 474,532,000   $ 474,532,000   476,920,000  
Borrower | Weighted blended interest rate | Asset-backed securitization | ARP 2014-SFR1 | LIBOR                
Debt Instrument [Line Items]                
Debt instrument, basis spread on variable rate 2.11%              
Convertible Debt | 3.25% Exchangeable Senior Notes                
Debt Instrument [Line Items]                
Interest rate 3.25%   3.25%   3.25%      
Principal amount $ 115,000,000   $ 115,000,000   $ 115,000,000   0  
Unamortized discount (2,700,000)   (2,382,000)   (2,382,000)   0  
Convertible instrument carrying amount $ (7,000,000)   (6,184,000)   (6,184,000)   0  
Single Family Homes | 2014-SFR 1                
Debt Instrument [Line Items]                
Asset-backed securitizations, gross     471,351,000   471,351,000   473,755,000  
Single Family Homes | 2014-SFR 2                
Debt Instrument [Line Items]                
Asset-backed securitizations, gross     504,739,000   504,739,000   507,305,000  
Single Family Homes | 2014-SFR 3                
Debt Instrument [Line Items]                
Asset-backed securitizations, gross     $ 520,468,000   $ 520,468,000   $ 523,109,000