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Fair Value - Carrying Value and Fair Value (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Carrying Value    
Asset-backed securitizations, net $ 2,795,777 $ 2,473,643
Asset-backed securitization, net of discount, carrying value 2,848,270 2,530,210
Exchangeable senior notes, carrying value 106,434 0
Notes payable, carrying value 50,295 50,752
Credit facility, carrying value 142,000 0
Total debt, carrying value 3,146,999 2,580,962
Fair Value    
Deferred financing costs, net (52,493) (56,567)
Significant Unobservable Inputs (Level 3)    
Fair Value    
Asset-backed securitization, fair value 2,888,538 2,368,964
Exchangeable senior notes, fair value 106,434 0
Notes payable, fair value 50,351 48,631
Credit facility, fair value 142,000 0
Total debt, fair value 3,187,323 2,417,595
2014-SFR 1    
Carrying Value    
Asset-backed securitizations, net 471,351 473,755
2014-SFR 1 | Significant Unobservable Inputs (Level 3)    
Fair Value    
Asset-backed securitization, fair value 473,227 472,258
ARP 2014-SFR1    
Carrying Value    
Asset-backed securitizations, net 330,822 0
ARP 2014-SFR1 | Significant Unobservable Inputs (Level 3)    
Fair Value    
Asset-backed securitization, fair value 330,822 0
2014-SFR 2    
Carrying Value    
Asset-backed securitizations, net 504,739 507,305
2014-SFR 2 | Significant Unobservable Inputs (Level 3)    
Fair Value    
Asset-backed securitization, fair value 512,232 476,952
2014-SFR 3    
Carrying Value    
Asset-backed securitizations, net 520,468 523,109
2014-SFR 3 | Significant Unobservable Inputs (Level 3)    
Fair Value    
Asset-backed securitization, fair value 532,360 489,448
2015-SFR 1    
Carrying Value    
Asset-backed securitizations, net 546,358 549,121
2015-SFR 1 | Significant Unobservable Inputs (Level 3)    
Fair Value    
Asset-backed securitization, fair value 554,836 496,673
2015-SFR 2    
Carrying Value    
Asset-backed securitizations, net 474,532 476,920
2015-SFR 2 | Significant Unobservable Inputs (Level 3)    
Fair Value    
Asset-backed securitization, fair value 485,061 433,633
Senior Secured Revolving Credit Facility    
Carrying Value    
Credit facility, carrying value $ 142,000 $ 0
Until March 2017 | Senior Secured Revolving Credit Facility    
Fair Value    
Debt instrument, basis spread on variable rate 2.75%