Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Rents from single-family properties	$ 197,137	$ 148,815	$ 558,623	$ 407,313
Fees from single-family properties	2,898	2,146	7,819	5,681
Tenant charge-backs	30,808	19,881	72,077	40,215
Other	5,214	1,771	12,811	4,780
Total revenues	236,057	172,613	651,330	457,989
Expenses:
Property operating expenses	110,412	85,052	290,998	215,699
General and administrative expense	7,563	6,090	22,966	18,497
Interest expense	32,851	23,866	99,309	61,539
Noncash share-based compensation expense	891	913	2,744	2,343
Acquisition fees and costs expensed	1,757	4,153	10,899	14,297
Depreciation and amortization	75,392	67,800	224,513	180,685
Other	3,142	1,152	6,482	2,686
Total expenses	232,008	189,026	657,911	495,746
Gain on sale of single-family properties, net	11,682	0	12,574	0
Loss on early extinguishment of debt	(13,408)	0	(13,408)	0
Gain on conversion of Series E units	0	0	11,463	0
Remeasurement of Series E units	0	(525)	0	3,456
Remeasurement of preferred shares	(2,490)	(3,000)	(2,940)	(2,300)
Net (loss) income	(167)	(19,938)	1,108	(36,601)
Noncontrolling interest	7,316	3,109	10,391	10,795
Dividends on preferred shares	13,669	5,569	26,650	16,707
Net income (loss) attributable to common shareholders	$ (21,152)	$ (28,616)	$ (35,933)	$ (64,103)
Weighted-average shares outstanding—basic and diluted (in shares)	238,401,343	211,414,368	232,036,802	211,460,840
Net loss attributable to common shareholders basic and diluted (in USD per share)	$ (0.09)	$ (0.14)	$ (0.15)	$ (0.30)
Dividends declared per common share (in USD per share)	$ 0.05	$ 0.05	$ 0.15	$ 0.15