Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in 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, 2019

(Amounts in thousands, except number of single-family homes)				Initial Cost to Company				Cost Capitalized Subsequent to Acquisition				Total Cost as of December 31, 2019 (1)
Market	Number of Single-Family Homes	Gross Book Value of Encumbered Assets		Land		Buildings and Improvements		Land		Buildings and Improvements		Land		Buildings and Improvements		Total		Accumulated Depreciation			Net Cost Basis		Date of Acquisition
Single-family properties in operation
Albuquerque	212	$	—	$	6,481	$	24,088	$	—	$	3,898	$	6,481	$	27,986	$	34,467	$	(6,832	)	$	27,635	2013-2015
Atlanta	4,779	187,948		149,605		596,259		—		109,350		149,605		705,609		855,214		(120,865		)	734,349		2012-2019
Austin	752	35,168		27,404		103,786		—		14,619		27,404		118,405		145,809		(20,006		)	125,803		2012-2019
Boise	488	7,748		19,277		62,664		—		8,426		19,277		71,090		90,367		(9,690		)	80,677		2013-2019
Charleston	1,129	82,292		45,306		155,807		—		22,603		45,306		178,410		223,716		(28,028		)	195,688		2012-2019
Charlotte	3,681	283,765		137,465		511,928		—		61,503		137,465		573,431		710,896		(94,715		)	616,181		2012-2019
Cincinnati	1,973	234,411		61,147		243,041		—		41,202		61,147		284,243		345,390		(65,787		)	279,603		2012-2017
Colorado Springs	22	—		903		2,953		—		745		903		3,698		4,601		(933		)	3,668		2013
Columbus	2,030	140,662		58,758		245,575		—		45,201		58,758		290,776		349,534		(53,516		)	296,018		2012-2019
Dallas-Fort Worth	4,314	286,018		110,494		511,033		—		91,055		110,494		602,088		712,582		(126,394		)	586,188		2012-2019
Denver	818	—		44,820		175,049		—		21,681		44,820		196,730		241,550		(34,500		)	207,050		2012-2019
Greater Chicago area, IL and IN	1,751	182,754		54,814		216,787		—		47,908		54,814		264,695		319,509		(65,149		)	254,360		2012-2015
Greensboro	704	52,939		20,088		91,000		—		11,105		20,088		102,105		122,193		(20,584		)	101,609		2013-2018
Greenville	663	72,135		16,540		87,056		—		11,836		16,540		98,892		115,432		(21,483		)	93,949		2013-2018
Houston	3,053	172,330		62,664		377,934		—		61,206		62,664		439,140		501,804		(88,265		)	413,539		2012-2017
Indianapolis	2,807	294,514		74,467		299,548		—		56,824		74,467		356,372		430,839		(87,428		)	343,411		2012-2016
Inland Empire	213	—		21,653		25,725		—		3,814		21,653		29,539		51,192		(4,955		)	46,237		2012-2016
Jacksonville	2,233	60,874		67,482		275,213		—		50,605		67,482		325,818		393,300		(57,661		)	335,639		2012-2019
Knoxville	391	17,339		12,868		61,975		—		6,320		12,868		68,295		81,163		(13,337		)	67,826		2013-2017
Las Vegas	1,041	21,811		32,701		130,357		—		23,734		32,701		154,091		186,792		(35,978		)	150,814		2011-2018
Memphis	656	16,961		21,069		75,735		—		12,969		21,069		88,704		109,773		(16,798		)	92,975		2013-2018
Miami	193	3,581		2,318		22,156		—		5,082		2,318		27,238		29,556		(6,462		)	23,094		2013-2015
Milwaukee	112	—		6,656		19,685		—		2,142		6,656		21,827		28,483		(5,415		)	23,068		2013
Nashville	2,741	182,965		110,984		418,100		—		50,719		110,984		468,819		579,803		(83,158		)	496,645		2012-2019
Orlando	1,693	46,422		61,270		209,732		—		34,622		61,270		244,354		305,624		(45,865		)	259,759		2011-2019
Phoenix	3,088	55,867		132,646		355,021		—		52,192		132,646		407,213		539,859		(71,872		)	467,987		2011-2019
Portland	269	24,340		19,757		39,575		—		2,821		19,757		42,396		62,153		(7,093		)	55,060		2013-2019
Raleigh	2,062	211,957		70,699		275,097		—		33,484		70,699		308,581		379,280		(60,149		)	319,131		2012-2019
Salt Lake City	1,423	157,333		85,629		228,651		—		35,135		85,629		263,786		349,415		(46,617		)	302,798		2012-2019
San Antonio	1,012	59,252		30,561		111,773		—		20,446		30,561		132,219		162,780		(27,507		)	135,273		2012-2019
Savannah/Hilton Head	878	41,823		28,718		114,908		—		14,577		28,718		129,485		158,203		(18,823		)	139,380		2013-2018
Seattle	751	28,198		51,220		142,807		—		11,479		51,220		154,286		205,506		(18,656		)	186,850		2012-2019
Tampa	2,243	45,903		83,434		313,145		—		46,896		83,434		360,041		443,475		(65,104		)	378,371		2012-2019
Tucson	377	11,962		7,499		36,753		—		7,926		7,499		44,679		52,178		(12,056		)	40,122		2011-2019
Winston Salem	813	42,843		19,107		95,961		—		10,875		19,107		106,836		125,943		(20,424		)	105,519		2013-2018
Total Single-family properties in operation	51,365	3,062,115		1,756,504		6,656,877		—		1,035,000		1,756,504		7,691,877		9,448,381		(1,462,105		)	7,986,276		2011-2019
Properties under development & development land	—	—		186,464		—		37,577		131,386		224,041		131,386		355,427		—			355,427
Total Single-family properties held for sale	1,187	—		44,750		164,742		—		32,221		44,750		196,963		241,713		(31,885		)	209,828		2011-2018
Total real estate assets	52,552	$	3,062,115	$	1,987,718	$	6,821,619	$	37,577	$	1,198,607	$	2,025,295	$	8,020,226	$	10,045,521	$	(1,493,990	)	$	8,551,531	2011-2019

(1) The unaudited aggregate cost of consolidated real estate in the table above for federal income tax purposes was $9.8 billion as of December 31, 2019.

American Homes 4 Rent

American Homes 4 Rent, L.P.

Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2019 (Continued)

Change in Total Real Estate Assets for Single-Family Properties in Operation

	For the Years Ended December 31,
(Amounts in thousands)	2019			2018			2017
Balance, beginning of period	$	9,197,096		$	8,968,901		$	8,127,136
Acquisitions and building improvements	379,466			628,118			870,350
Dispositions	(233,094		)	(59,308		)	(69,311		)
Write-offs	(12,353		)	(9,572		)	(6,773		)
Impairment	(3,663		)	(5,858		)	(4,680		)
Reclassifications to single-family properties held for sale, net of dispositions	120,929			(325,185		)	52,179
Balance, end of period	$	9,448,381		$	9,197,096		$	8,968,901

Change in Accumulated Depreciation for Single-Family Properties in Operation

	For the Years Ended December 31,
(Amounts in thousands)	2019			2018			2017
Balance, beginning of period	$	(1,176,499	)	$	(939,724	)	$	(666,710	)
Depreciation (1)	(313,683		)	(300,746		)	(281,195		)
Dispositions	28,154			11,738			1,960
Write-offs	12,353			9,572			6,773
Reclassifications to single-family properties held for sale, net of dispositions	(12,430		)	42,661			(552		)
Balance, end of period	$	(1,462,105	)	$	(1,176,499	)	$	(939,724	)

(1)

Depreciation of buildings and improvements is computed on a straight-line basis over estimated useful lives ranging from three to thirty years.