Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net income	$ 144,569	$ 100,735
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	204,369	181,188
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments	5,502	3,828
Noncash share-based compensation	18,048	11,261
Equity in net income of unconsolidated joint ventures	(2,457)	(660)
Return on investment from unconsolidated joint ventures	3,986	0
Gain on sale and impairment of single-family properties and other, net	(54,855)	(26,829)
Other changes in operating assets and liabilities:
Rent and other receivables	1,605	(9,372)
Prepaid expenses and other assets	(3,924)	6,870
Deferred leasing costs	(1,179)	(1,880)
Accounts payable and accrued expenses	73,887	66,339
Amounts due from related parties	(10,555)	307
Net cash provided by operating activities	378,996	331,787
Investing activities
Cash paid for single-family properties	(531,249)	(279,016)
Change in escrow deposits for purchase of single-family properties	6,225	(9,159)
Net proceeds received from sales of single-family properties and other	113,002	74,451
Proceeds received from storm-related insurance claims	1,981	0
Proceeds from notes receivable related to the sale of properties	33,186	0
Investment in unconsolidated joint ventures	(12,759)	(14,596)
Distributions from joint ventures	38,347	34,372
Renovations to single-family properties	(54,961)	(13,310)
Recurring and other capital expenditures for single-family properties	(53,770)	(56,579)
Cash paid for development activity	(473,637)	(309,706)
Other purchases of productive assets	(19,876)	(11,615)
Net cash used for investing activities	(953,511)	(585,158)
Financing activities
Redemption of perpetual preferred shares	(155,000)	(498,750)
Proceeds from issuances under share-based compensation plans	1,516	2,030
Payments related to tax withholding for share-based compensation	(4,080)	(2,656)
Payments on asset-backed securitizations	(11,277)	(12,278)
Proceeds from unsecured senior notes, net of discount	876,813	0
Proceeds from liabilities related to consolidated land not owned	33,821	0
Distributions to noncontrolling interests	(18,394)	(12,896)
Distributions to common shareholders	(125,781)	(79,881)
Distributions to preferred shareholders	(10,109)	(26,397)
Deferred financing costs paid	(8,236)	(11,182)
Net cash provided by financing activities	604,913	171,830
Net increase (decrease) in cash, cash equivalents and restricted cash	30,398	(81,541)
Cash, cash equivalents and restricted cash, beginning of period (see Note 3)	191,767	265,077
Cash, cash equivalents and restricted cash, end of period (see Note 3)	222,165	183,536
Supplemental cash flow information
Cash payments for interest, net of amounts capitalized	(49,323)	(51,449)
Supplemental schedule of noncash investing and financing activities
Accrued property renovations and development expenditures	79,596	42,795
Transfers of completed homebuilding deliveries to properties	226,993	142,211
Property and land contributions to unconsolidated joint ventures	(25,053)	(30,014)
Property and land distributions from unconsolidated joint ventures	8,397	0
Accrued loss on settlement of cash flow hedging instrument	0	(3,999)
Noncash right-of-use assets obtained in exchange for operating lease liabilities	3,679	537
Accrued distributions to affiliates	241	0
Accrued distributions to non-affiliates	112	158
Revolving Credit Facility
Financing activities
Proceeds from revolving credit facility	420,000	790,000
Payments on revolving credit facility	(770,000)	(170,000)
Class A common shares
Financing activities
Proceeds from issuance of Class A common shares	375,840	194,040
Payments of Class A common share issuance costs	$ (200)	$ (200)