Acquisitions (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Estimated Fair Values of Assets and Liabilities Acquired

The following table presents the total revenues and net income attributable to the Company's 2014 year acquisitions that were included in our consolidated statement of operations for the year ended December 31, 2014 (in thousands):



	Beazer		Ellington
	Period from July 1, 2014 to December 31, 2014		Period from December 31, 2014 to December 31, 2014
Total revenues	$	10,422	$	—
Net income	$	1,713	$	—

American Residential Properties Inc.

Business Acquisition [Line Items]

Schedule of Total Revenues and Net Income Attributable to Acquisitions

The following table summarizes the allocation of the estimated fair values of the assets and liabilities acquired as part of the ARPI Merger as of the acquisition date (in thousands):



Net assets acquired
Land	$	262,396
Buildings and improvements	1,014,857
Cash and cash equivalents	15,499
Restricted cash	9,521
Rent and other receivables	843
Escrow deposits, prepaid expenses and other assets	35,134
In-place leases	22,696
Accounts payable and accrued expenses	(38,485		)
Net assets acquired	1,322,461

Debt assumed or extinguished
Credit facility	350,000
Exchangeable senior notes	112,298
Asset-backed securitization	329,703
Total debt assumed or extinguished	792,001

Equity transaction consideration	530,460

Total transaction consideration	$	1,322,461

Schedule of Estimated Fair Values of Assets and Liabilities Acquired

The following table presents the total revenues and net income attributable to the ARPI Merger that are included in our consolidated statements of operations for the year ended December 31, 2016 (in thousands):



	For the Period from February 29, 2016 to December 31, 2016
Total revenues	$	119,245
Net income	$	1,237

Schedule of Company's Supplemental Consolidated Unaudited Pro Forma Total Revenues and Net Income

The following table presents the Company’s supplemental consolidated pro forma total revenues and net loss as if the ARPI Merger had occurred on January 1, 2015 (in thousands, except per share amounts):



	For the Years Ended December 31,
	2016			2015
Pro forma total revenues (1)	$	900,958		$	754,710
Pro forma net loss (1)	$	(8,989	)	$	(54,995	)
Pro forma net loss per share (1)	$	(0.22	)	$	(0.37	)


(1)	This unaudited pro forma supplemental information does not purport to be indicative of what the Company's operating results would have been had the ARPI Merger occurred on January 1, 2015.

Ellington portfolio acquisition

Business Acquisition [Line Items]

Schedule of Total Revenues and Net Income Attributable to Acquisitions

The following table summarizes the estimated fair values of the assets and liabilities acquired as part of the Ellington Portfolio Acquisition as of the acquisition date (in thousands):



Land	$	25,615
Buildings and improvements	98,117
In-place leases	2,268
Secured note payable	(51,644		)
Estimated fair value of assets and liabilities acquired	$	74,356

Beazer Rental Homes

Business Acquisition [Line Items]

Schedule of Total Revenues and Net Income Attributable to Acquisitions

The following table summarizes the estimated fair values of the assets and liabilities acquired as part of the Beazer Rental Homes Acquisition as of the acquisition date (in thousands):



Land	$	60,866
Buildings and improvements	193,506
Cash and cash equivalents	2,197
In-place leases	2,655
Other current assets and liabilities, net	(1,785		)
Estimated fair value of assets and liabilities acquired	$	257,439

Ellintion Portfolio and Beazer Rental Homes

Business Acquisition [Line Items]

Schedule of Company's Supplemental Consolidated Unaudited Pro Forma Total Revenues and Net Income

The following table presents the Company's supplemental consolidated unaudited pro forma total revenues and net income as if the Ellington Portfolio Acquisition and the Beazer Rental Homes Acquisition had occurred on January 1, 2013 (in thousands):



	For the Years Ended December 31,
	2014			2013
Pro forma total revenues (1)	$	421,033		$	176,340
Pro forma net loss (1)	$	(32,858	)	$	(32,161	)


(1)	This unaudited pro forma supplemental information does not purport to be indicative of what the Company's operating results would have been had the Ellington Portfolio Acquisition and the Beazer Rental Homes Acquisition occurred on January 1, 2013.