Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities
Net income	$ 341,205	$ 206,234
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	340,779	313,688
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments	9,193	8,588
Noncash share-based compensation	20,748	23,728
Equity in net income of unconsolidated joint ventures	(1,581)	(3,135)
Return on investment from unconsolidated joint ventures	1,788	4,777
Gain on sale and impairment of single-family properties and other, net	(180,752)	(79,052)
Other changes in operating assets and liabilities:
Rent and other receivables	(8,206)	(10,789)
Prepaid expenses and other assets	(3,606)	3,572
Deferred leasing costs	(2,368)	(1,868)
Accounts payable and accrued expenses	104,670	134,237
Amounts due from related parties	1,504	(3,192)
Net cash provided by operating activities	623,374	596,788
Investing activities
Cash paid for single-family properties	(5,862)	(582,442)
Change in escrow deposits for purchase of single-family properties	2,808	8,492
Net proceeds received from sales of single-family properties and other	384,343	163,295
Proceeds received from storm-related insurance claims	2,185	1,981
Proceeds from notes receivable related to the sale of properties	663	34,014
Investment in unconsolidated joint ventures	(12,519)	(17,308)
Distributions from joint ventures	34,352	58,160
Renovations to single-family properties	(23,886)	(80,612)
Recurring and other capital expenditures for single-family properties	(106,372)	(98,763)
Cash paid for development activity	(708,823)	(707,764)
Cash paid for deposits on land option contracts	(1,142)	(10,686)
Other investing activities	(31,063)	(36,021)
Net cash used for investing activities	(465,316)	(1,267,654)
Financing activities
Redemption of perpetual preferred shares	0	(155,000)
Proceeds from issuances under share-based compensation plans	4,453	3,323
Payments related to tax withholding for share-based compensation	(3,842)	(4,811)
Payments on asset-backed securitizations	(18,533)	(16,884)
Proceeds from unsecured senior notes, net of discount	0	876,813
Proceeds from liabilities related to consolidated land not owned	0	60,217
Distributions to noncontrolling interests	(33,774)	(27,612)
Distributions to common shareholders	(239,589)	(188,689)
Distributions to preferred shareholders	(10,458)	(13,595)
Deferred financing costs paid	0	(8,215)
Net cash (used for) provided by financing activities	(133,371)	736,819
Net increase in cash, cash equivalents and restricted cash	24,687	65,953
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)	242,647	257,720
Supplemental cash flow information
Cash payments for interest, net of amounts capitalized	(102,920)	(89,400)
Supplemental schedule of noncash investing and financing activities
Accrued property renovations and development expenditures	84,224	65,586
Transfers of completed homebuilding deliveries to properties	514,180	335,684
Property and land contributions to unconsolidated joint ventures	(33,385)	(35,849)
Property and land distributions from unconsolidated joint ventures	0	8,397
Noncash right-of-use assets obtained in exchange for operating lease liabilities	551	3,885
Accrued distributions to affiliates	1,083	337
Accrued distributions to non-affiliates	138	114
Revolving Credit Facility
Financing activities
Proceeds from revolving credit facility	0	490,000
Payments on revolving credit facility	(130,000)	(840,000)
Class A common shares
Financing activities
Proceeds from issuance of Class A common shares	298,372	561,472
Payments of Class A common share issuance costs	$ 0	$ (200)