Accounts Payable and Accrued Expenses

3 Months Ended

Mar. 31, 2022

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

Accounts Payable and Accrued Expenses

The following table summarizes accounts payable and accrued expenses as of March 31, 2022 and December 31, 2021 (amounts in thousands):

	March 31, 2022		December 31, 2021
Resident security deposits	$	110,275	$	105,809
Accrued property taxes	85,915		52,545
Accrued construction and maintenance liabilities	67,053		50,655
Prepaid rent	29,237		31,190
Liability for consolidated land not owned (see Note 6)	19,794		—
Operating lease liabilities	18,797		18,723
Accrued interest	17,575		33,332
Accounts payable	3,522		1,113
Other accrued liabilities	41,917		50,159
Total	$	394,085	$	343,526