Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Single-family properties:
Land	$ 2,193,499	$ 2,197,233
Buildings and improvements	10,186,856	10,127,891
Single-family properties in operation	12,380,355	12,325,124
Less: accumulated depreciation	(2,463,232)	(2,386,452)
Single-family properties in operation, net	9,917,123	9,938,672
Single-family properties under development and development land	1,279,089	1,187,221
Single-family properties and land held for sale, net	171,448	198,716
Total real estate assets, net	11,367,660	11,324,609
Cash and cash equivalents	255,559	69,155
Restricted cash	153,256	148,805
Rent and other receivables	49,424	47,752
Escrow deposits, prepaid expenses and other assets	339,502	331,446
Investments in unconsolidated joint ventures	108,667	107,347
Asset-backed securitization certificates	25,666	25,666
Goodwill	120,279	120,279
Total assets	12,420,013	12,175,059
Liabilities
Revolving credit facility	0	130,000
Asset-backed securitizations, net	1,885,322	1,890,842
Unsecured senior notes, net	2,496,423	2,495,156
Accounts payable and accrued expenses	520,364	484,403
Total liabilities	4,902,109	5,000,401
Commitments and contingencies (see Note 15)
Shareholders’ equity:
Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 9,200,000 shares issued and outstanding at March 31, 2023 and December 31, 2022)	92	92
Additional paid-in capital	7,232,191	6,931,819
Accumulated deficit	(403,303)	(440,791)
Accumulated other comprehensive income	1,212	1,332
Total shareholders’ equity	6,833,809	6,495,987
Noncontrolling interest	684,095	678,671
Total equity	7,517,904	7,174,658
Total liabilities and equity/capital	12,420,013	12,175,059
Class A common shares
Shareholders’ equity:
Common stock issued	3,611	3,529
Class B common shares
Shareholders’ equity:
Common stock issued	$ 6	$ 6