Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Single-family properties:
Land	$ 1,497,681	$ 1,229,017
Buildings and improvements	6,542,708	5,469,533
Single-family properties held for sale, net	105,308	7,432
Single-family properties excluding accumulated depreciation	8,145,697	6,705,982
Less: accumulated depreciation	(600,299)	(416,044)
Single-family properties, net	7,545,398	6,289,938
Cash and cash equivalents	106,308	57,686
Restricted cash	131,367	111,282
Rent and other receivables, net	21,818	13,936
Escrow deposits, prepaid expenses and other assets	120,609	121,627
Deferred costs and other intangibles, net	15,016	10,429
Asset-backed securitization certificates	25,666	25,666
Goodwill	120,317	120,655
Total assets	8,086,499	6,751,219
Liabilities
Revolving credit facilities	75,000	0
Exchangeable senior notes, net	107,283	0
Secured note payable	50,065	50,752
Accounts payable and accrued expenses	241,067	154,751
Amounts payable to affiliates	0	4,093
Contingently convertible Series E units liability	0	69,957
Preferred shares derivative liability	65,730	62,790
Total liabilities	3,233,618	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 September 30, 2016, and December 31, 2015, respectively	370	171
Additional paid-in capital	4,464,792	3,554,063
Accumulated deficit	(368,795)	(296,865)
Accumulated other comprehensive income (loss)	28	(102)
Total shareholders’ equity	4,098,779	3,259,345
Noncontrolling interest	754,102	675,888
Total equity	4,852,881	3,935,233
Total liabilities and equity	8,086,499	6,751,219
Class A common shares
Shareholders’ equity:
Common stock, value, issued	2,378	2,072
Class B common shares
Shareholders’ equity:
Common stock, value, issued	6	6
Term loan facility, net
Liabilities
Secured debt, net	246,575	0
Asset-backed securitizations, net
Liabilities
Secured debt, net	$ 2,447,898	$ 2,473,643