Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Single-family properties:
Land	$ 2,177,263	$ 2,062,039
Buildings and improvements	9,888,113	9,258,387
Single-family properties in operation	12,065,376	11,320,426
Less: accumulated depreciation	(2,228,095)	(2,072,933)
Single-family properties in operation, net	9,837,281	9,247,493
Single-family properties under development and development land	1,063,906	882,159
Single-family properties held for sale, net	159,243	114,907
Total real estate assets, net	11,060,430	10,244,559
Cash and cash equivalents	70,375	48,198
Restricted cash	151,790	143,569
Rent and other receivables	38,001	41,587
Escrow deposits, prepaid expenses and other assets	273,039	216,625
Investments in unconsolidated joint ventures	115,172	121,950
Asset-backed securitization certificates	25,666	25,666
Goodwill	120,279	120,279
Total assets	11,854,752	10,962,433
Liabilities
Revolving credit facility	0	350,000
Asset-backed securitizations, net	1,899,602	1,908,346
Unsecured senior notes, net	2,492,610	1,622,132
Accounts payable and accrued expenses	498,279	343,526
Total liabilities	4,890,491	4,224,004
Commitments and contingencies (see Note 15)
Shareholders’ equity:
Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 9,200,000 and 15,400,000 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively)	92	154
Additional paid-in capital	6,734,292	6,492,933
Accumulated deficit	(452,155)	(438,710)
Accumulated other comprehensive income	1,575	1,814
Total shareholders’ equity	6,287,287	6,059,571
Noncontrolling interest	676,974	678,858
Total equity	6,964,261	6,738,429
Total liabilities and equity	11,854,752	10,962,433
Class A common shares
Shareholders’ equity:
Common stock issued	3,477	3,374
Class B common shares
Shareholders’ equity:
Common stock issued	$ 6	$ 6