Single-Family Properties (Tables)

12 Months Ended

Dec. 31, 2016

Real Estate [Abstract]

Schedule of Single-Family Properties

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

	December 31, 2016
	Number of properties	Net book value
Leased single-family properties	44,798	$	7,040,000
Single-family properties being renovated	312	57,200
Single-family properties being prepared for re-lease	91	14,453
Vacant single-family properties available for lease	2,102	348,773
Single-family properties held for sale	1,119	87,430
Total	48,422	$	7,547,856

	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	45	7,432
Total	38,780	$	6,289,938