Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities
Net income	$ 137,699	$ 70,014
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	112,717	99,954
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments	3,043	2,453
Noncash share-based compensation	5,824	7,405
Equity in net income of unconsolidated joint ventures	(1,340)	(1,478)
Return on investment from unconsolidated joint ventures	0	2,598
Gain on sale and impairment of single-family properties and other, net	(84,659)	(22,044)
Other changes in operating assets and liabilities:
Rent and other receivables	(1,672)	(3,811)
Prepaid expenses and other assets	4,309	(6,530)
Deferred leasing costs	(808)	(535)
Accounts payable and accrued expenses	23,926	11,245
Amounts due from related parties	1,428	(529)
Net cash provided by operating activities	200,467	158,742
Investing activities
Cash paid for single-family properties	(2,923)	(288,719)
Change in escrow deposits for purchase of single-family properties	988	6,235
Net proceeds received from sales of single-family properties and other	184,510	51,407
Proceeds received from storm-related insurance claims	0	1,529
Proceeds from notes receivable related to the sale of properties	24	402
Investment in unconsolidated joint ventures	0	(5,294)
Distributions from joint ventures	10,943	22,587
Renovations to single-family properties	(8,735)	(21,721)
Recurring and other capital expenditures for single-family properties	(31,705)	(24,185)
Cash paid for development activity	(213,598)	(244,621)
Other investing activities	(12,416)	(10,384)
Net cash used for investing activities	(72,912)	(512,764)
Financing activities
Proceeds from issuances under share-based compensation plans	31	1,439
Payments related to tax withholding for share-based compensation	(3,773)	(4,058)
Payments on asset-backed securitizations	(6,765)	(5,876)
Proceeds from liabilities related to consolidated land not owned	0	19,794
Distributions to noncontrolling interests	(11,248)	(9,306)
Distributions to common shareholders	(79,831)	(62,635)
Distributions to preferred shareholders	(3,486)	(5,763)
Net cash provided by financing activities	63,300	369,235
Net increase in cash, cash equivalents and restricted cash	190,855	15,213
Cash, cash equivalents and restricted cash, beginning of period (see Note 3)	217,960	191,767
Cash, cash equivalents and restricted cash, end of period (see Note 3)	408,815	206,980
Supplemental cash flow information
Cash payments for interest, net of amounts capitalized	(39,770)	(40,871)
Supplemental schedule of noncash investing and financing activities
Accrued property renovations and development expenditures	71,110	57,500
Transfers of completed homebuilding deliveries to properties	108,792	112,911
Property and land contributions to unconsolidated joint ventures	(11,609)	(10,605)
Property and land distributions from unconsolidated joint ventures	0	8,397
Noncash right-of-use assets obtained in exchange for operating lease liabilities	0	746
Accrued distributions to affiliates	551	0
Accrued distributions to non-affiliates	128	303
Revolving Credit Facility
Financing activities
Proceeds from revolving credit facility	0	420,000
Payments on revolving credit facility	(130,000)	(360,000)
Class A common shares
Financing activities
Proceeds from issuance of Class A common shares	298,372	375,840
Payments of Class A common share issuance costs	$ 0	$ (200)