Single-Family Properties (Tables)

9 Months Ended

Sep. 30, 2016

Real Estate [Abstract]

Single-Family Properties, Net

Single-family properties, net, consisted of the following as of September 30, 2016, and December 31, 2015 (dollars in thousands):

	September 30, 2016
	Number of properties	Net book value
Leased single-family properties	44,746	$	7,072,461
Single-family properties being renovated	406	77,451
Single-family properties being prepared for re-lease	90	15,333
Vacant single-family properties available for lease	1,673	274,845
Single-family properties held for sale, net	1,238	105,308
Total	48,153	$	7,545,398

	December 31, 2015
	Number of properties	Net book value
Leased single-family properties	36,403	$	5,895,482
Single-family properties being renovated	476	75,055
Single-family properties being prepared for re-lease	178	28,525
Vacant single-family properties available for lease	1,678	283,444
Single-family properties held for sale, net	45	7,432
Total	38,780	$	6,289,938