Accounts Payable and Accrued Expenses (Tables)

9 Months Ended

Sep. 30, 2016

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

The following table summarizes accounts payable and accrued expenses as of September 30, 2016, and December 31, 2015 (in thousands):

	September 30, 2016		December 31, 2015
Accounts payable	$	—	$	1,173
Accrued property taxes	108,102		46,024
Other accrued liabilities	31,096		26,031
Accrued construction and maintenance liabilities	12,661		11,429
Resident security deposits	69,743		53,819
Prepaid rent	19,465		16,275
Total	$	241,067	$	154,751