Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating activities
Net (loss) income	$ 1,108	$ (36,601)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	224,513	180,685
Noncash amortization of deferred financing costs	7,912	5,769
Noncash amortization of discount on exchangeable senior notes	1,955	0
Noncash amortization of discount on ARP 2014-SFR1 securitization	1,744	0
Noncash share-based compensation	2,744	2,343
Provision for bad debt	5,092	5,005
Loss on early extinguishment of debt	13,408	0
Gain on conversion of Series E units to Series D units	(11,463)	0
Remeasurement of Series E units	0	(3,456)
Remeasurement of preferred shares	2,940	2,300
Equity in net (loss) income of unconsolidated ventures	(418)	385
Net gain on sale of single-family properties	(12,574)	0
Loss on impairment of single-family properties	1,467	0
Net gain on resolutions of mortgage loans	(7,205)	0
Other changes in operating assets and liabilities:
Rent and other receivables	(12,110)	(13,071)
Restricted cash for resident security deposits	(12,059)	(10,239)
Prepaid expenses and other assets	(429)	(5,140)
Deferred leasing costs	(6,199)	(7,733)
Accounts payable and accrued expenses	47,920	37,423
Amounts payable to affiliates	(5,425)	(1,721)
Net cash provided by operating activities	242,921	155,949
Investing activities
Cash paid for single-family properties	(187,886)	(552,944)
Change in escrow deposits for purchase of single-family properties	(821)	(2,050)
Change in other restricted cash	1,495	(19,536)
Cash acquired in ARPI merger	15,499	0
Payoff of credit facility in connection with ARPI merger	(350,000)	0
Net proceeds received from sales of single-family properties	71,894	0
Net proceeds received from sales of non-performing loans	44,538	0
Purchase of commercial office buildings	(27,105)	0
Investment in unconsolidated joint ventures	0	(10,003)
Investments in mortgage financing receivables	0	(11,227)
Collections from mortgage financing receivables	17,687	0
Distributions from unconsolidated joint ventures	6,400	0
Renovations to single-family properties	(21,710)	(125,158)
Other capital expenditures for single-family properties	(22,026)	(23,008)
Net cash used for investing activities	(452,035)	(743,926)
Financing activities
Proceeds from issuance of perpetual preferred shares	498,750	0
Payments of perpetual preferred share issuance costs	(15,922)	0
Proceeds from exercise of stock options	2,777	225
Repurchase of Class A common shares	(96,098)	0
Redemptions of Class A units	(399)	0
Proceeds from asset-backed securitizations	0	1,030,559
Payments on asset-backed securitizations	(374,031)	(13,757)
Proceeds from revolving credit facilities	951,000	799,000
Payments on revolving credit facilities	(876,000)	(1,006,000)
Proceeds from term loan facility	250,000	0
Payments on secured note payable	(687)	(664)
Distributions to noncontrolling interests	(8,582)	(18,163)
Distributions to common shareholders	(35,997)	(31,723)
Distributions to preferred shareholders	(26,650)	(16,707)
Deferred financing costs paid	(10,425)	(25,163)
Net cash provided by financing activities	257,736	717,607
Net increase in cash and cash equivalents	48,622	129,630
Cash and cash equivalents, beginning of period	57,686	108,787
Cash and cash equivalents, end of period	106,308	238,417
Supplemental cash flow information
Cash payments for interest, net of amounts capitalized	(87,707)	(49,368)
Supplemental schedule of noncash investing and financing activities
Accounts payable and accrued expenses related to property acquisitions and renovations	(226)	531
Accrued distribution to Series C convertible units	0	4,698
Repurchase of Class A common shares	0	53,778
American Residential Properties Inc.
Merger with ARPI (see Note 10)
Single-family properties	1,277,253	0
Restricted cash	9,521	0
Rent and other receivables	843	0
Escrow deposits, prepaid expenses and other assets	35,134	0
Deferred costs and other intangibles, net	22,696	0
Accounts payable and accrued expenses	(38,485)	0
American Residential Properties Inc. | Credit facility
Merger with ARPI (see Note 10)
Debt assumed	(350,000)	0
American Residential Properties Inc. | Asset-backed securitization
Merger with ARPI (see Note 10)
Debt assumed	(329,703)	0
American Residential Properties Inc. | Exchangeable senior notes
Merger with ARPI (see Note 10)
Debt assumed	(112,298)	0
Class A common shares | American Residential Properties Inc.
Merger with ARPI (see Note 10)
Class A common shares and units issued	$ (530,460)	$ 0