Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2016

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2016

(Amounts in thousands)

				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition		Total Cost as of December 31, 2016
Market	Number of Single-Family Homes	Gross Book Value of Encumbered Assets		Land		Buildings and Improvements		Buildings and Improvements		Land		Buildings and Improvements		Total		Accumulated Depreciation (1)			Net Cost Basis		Date of Acquisition
Albuquerque	214	$	—	$	6,550	$	24,368	$	3,522	$	6,550	$	27,890	$	34,440	$	(3,430	)	$	31,010	2013-2016
Atlanta	4,079	276,539		120,969		463,252		81,474		120,969		544,726		665,695		(46,519		)	619,176		2012-2016
Augusta	235	14,234		6,768		27,065		3,906		6,768		30,971		37,739		(3,029		)	34,710		2013-2016
Austin	696	54,769		16,256		75,155		14,005		16,256		89,160		105,416		(10,268		)	95,148		2012-2016
Bay Area	120	9,123		8,259		23,485		2,038		8,259		25,523		33,782		(3,014		)	30,768		2012-2014
Boise	289	7,618		8,063		29,324		3,647		8,063		32,971		41,034		(3,940		)	37,094		2013-2015
Central Valley	224	3,591		8,732		26,322		2,971		8,732		29,293		38,025		(3,497		)	34,528		2012-2016
Charleston	766	79,831		27,041		97,859		13,424		27,041		111,283		138,324		(10,261		)	128,063		2012-2016
Charlotte	2,867	288,373		100,835		358,273		41,926		100,835		400,199		501,034		(35,682		)	465,352		2012-2016
Cincinnati	1,953	229,700		60,257		239,373		36,182		60,257		275,555		335,812		(32,050		)	303,762		2012-2016
Colorado Springs	22	—		903		2,951		620		903		3,571		4,474		(482		)	3,992		2013
Columbia	297	32,676		6,902		34,318		4,251		6,902		38,569		45,471		(4,427		)	41,044		2013-2015
Columbus	1,559	132,518		41,018		171,244		31,141		41,018		202,385		243,403		(21,372		)	222,031		2012-2016
Corpus Christi	223	—		1,843		33,756		2,509		1,843		36,265		38,108		(1,059		)	37,049		2016
Dallas-Fort Worth	4,348	382,668		110,905		511,800		79,594		110,905		591,394		702,299		(57,388		)	644,911		2012-2016
Denver	666	—		32,909		133,383		16,292		32,909		149,675		182,584		(14,900		)	167,684		2012-2015
Fort Myers	6	792		172		822		135		172		957		1,129		(128		)	1,001		2012-2013
Greater Chicago area, IL and IN	2,501	211,475		67,726		281,714		54,590		67,726		336,304		404,030		(37,436		)	366,594		2012-2016
Greensboro	659	47,623		18,326		83,380		9,104		18,326		92,484		110,810		(9,737		)	101,073		2013-2016
Greenville	646	74,371		16,087		84,539		10,069		16,087		94,608		110,695		(10,244		)	100,451		2013-2016
Houston	3,157	257,023		65,518		391,141		56,416		65,518		447,557		513,075		(39,173		)	473,902		2012-2016
Indianapolis	3,288	300,988		78,074		317,682		53,333		78,074		371,015		449,089		(44,639		)	404,450		2012-2016
Inland Empire	366	—		33,947		46,441		5,376		33,947		51,817		85,764		(2,912		)	82,852		2012-2016
Jacksonville	1,668	96,944		45,097		177,385		34,438		45,097		211,823		256,920		(24,092		)	232,828		2012-2016
Knoxville	320	17,274		10,338		49,098		4,491		10,338		53,589		63,927		(6,142		)	57,785		2013-2016
Las Vegas	1,032	89,617		30,924		128,759		19,494		30,924		148,253		179,177		(18,650		)	160,527		2011-2016
Memphis	584	32,162		17,490		64,508		10,366		17,490		74,874		92,364		(6,752		)	85,612		2013-2015
Miami	260	20,033		5,300		34,223		6,566		5,300		40,789		46,089		(4,641		)	41,448		2012-2016
Milwaukee	125	—		7,374		21,964		2,150		7,374		24,114		31,488		(3,308		)	28,180		2013
Nashville	2,433	172,473		91,494		352,654		37,615		91,494		390,269		481,763		(33,803		)	447,960		2012-2016
Oklahoma City	412	23,356		11,173		57,641		6,606		11,173		64,247		75,420		(5,924		)	69,496		2012-2016
Orlando	1,562	61,131		55,304		182,173		27,409		55,304		209,582		264,886		(20,066		)	244,820		2011-2016
Phoenix	2,783	122,104		118,022		292,454		38,378		118,022		330,832		448,854		(29,502		)	419,352		2011-2016
Portland	207	24,121		14,491		23,980		1,992		14,491		25,972		40,463		(3,338		)	37,125		2013-2015
Raleigh	1,842	205,160		60,896		234,760		27,267		60,896		262,027		322,923		(25,381		)	297,542		2012-2016
Salt Lake City	1,048	150,712		58,513		149,603		22,673		58,513		172,276		230,789		(20,966		)	209,823		2012-2015
San Antonio	1,019	84,009		29,716		109,884		18,252		29,716		128,136		157,852		(12,182		)	145,670		2012-2016
Savannah/Hilton Head	559	39,624		17,016		66,878		7,979		17,016		74,857		91,873		(5,574		)	86,299		2013-2016
Seattle	478	27,936		28,955		78,582		5,647		28,955		84,229		113,184		(6,090		)	107,094		2012-2016
Tampa	1,760	111,989		63,272		232,244		32,808		63,272		265,052		328,324		(29,292		)	299,032		2012-2016
Tucson	387	43,407		7,812		37,208		7,215		7,812		44,423		52,235		(6,673		)	45,562		2011-2014
Winston Salem	762	33,793		17,071		87,919		8,813		17,071		96,732		113,803		(8,747		)	105,056		2013-2016
Total	48,422	$	3,759,757	$	1,528,318	$	5,839,564	$	846,684	$	1,528,318	$	6,686,248	$	8,214,566	$	(666,710	)	$	7,547,856

(1)    The aggregate cost of consolidated real estate in the table above for federal income tax purposes was $8.1 billion as of December 31, 2016.

American Homes 4 Rent

Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2016 (Continued)

(Amounts in thousands)

Change in Total Real Estate Assets

	For the Years Ended December 31,
	2016			2015			2014
Balance, beginning of period	$	6,705,982		$	5,916,933		$	3,923,624
Acquisitions and building improvements	1,597,392			814,235			2,004,742
Dispositions	(77,916		)	(11,555		)	(11,433		)
Write-offs	(5,922		)	(13,631		)	—
Impairment	(4,970		)	—			—
Balance, end of period	$	8,214,566		$	6,705,982		$	5,916,933

Change in Accumulated Depreciation

	For the Years Ended December 31,
	2016			2015			2014
Balance, beginning of period	$	(416,044	)	$	(206,262	)	$	(62,202	)
Depreciation (1)	(260,154		)	(223,731		)	(144,270		)
Dispositions	3,566			318			210
Write-offs	5,922			13,631			—
Balance, end of period	$	(666,710	)	$	(416,044	)	$	(206,262	)

(1) Depreciation of buildings and improvements is computed on a straight-line basis over estimated useful lives ranging from 3 to 30 years.