Shareholders' Equity - Participating Preferred Shares (Details) $ / shares in Units, $ in Millions	1 Months Ended		2 Months Ended	12 Months Ended
	May 31, 2014 USD ($) shares	Oct. 31, 2013 USD ($) shares	Jan. 31, 2014 USD ($) shares	Dec. 31, 2016 USD ($) market $ / shares	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Liquidation preference per share (in dollars per share) | $ / shares				$ 25
Preferred shares
Class of Stock [Line Items]
Preferred stock, cumulative change in value of index based on purchase prices of single-family properties (as a percent)				50.00%
Number of single-family properties located in top markets | market				20
Preferred stock, maximum internal rate of return considering initial liquidation liquidation preference (as a percent)				9.00%
Increase in cumulative annual cash dividend rate				10.00%
Liquidation preference (as a percent)				50.00%
Initial liquidation preference				$ 476.2
Series A Participating Preferred Stock
Class of Stock [Line Items]
Cumulative annual cash dividend rate		5.00%		5.00%	5.00%	5.00%
Liquidation preference per share (in dollars per share) | $ / shares				$ 25
Preferred units issued (in shares) | shares		5,060,000
Gross proceeds from issuance of Preferred shares before offering costs		$ 126.5
Offering costs		$ 7.3
Series B Participating Preferred Stock
Class of Stock [Line Items]
Cumulative annual cash dividend rate			5.00%	5.00%	5.00%	5.00%
Liquidation preference per share (in dollars per share) | $ / shares				$ 25
Preferred units issued (in shares) | shares			4,400,000
Gross proceeds from issuance of Preferred shares before offering costs			$ 110.0
Offering costs			$ 6.6
Series C Participating Preferred Stock
Class of Stock [Line Items]
Cumulative annual cash dividend rate	5.50%			5.50%	5.50%	5.50%
Liquidation preference per share (in dollars per share) | $ / shares				$ 25
Preferred units issued (in shares) | shares	7,600,000
Gross proceeds from issuance of Preferred shares before offering costs	$ 190.0
Offering costs	$ 9.7