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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation
Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2024
(Amounts in thousands, except number of single-family homes)Initial Cost to CompanyCost Capitalized Subsequent to Acquisition
Total Cost
as of December 31, 2024 (1)
MarketNumber of Single-Family HomesGross Book Value of Encumbered AssetsLandBuildings and ImprovementsLandBuildings and ImprovementsLandBuildings and ImprovementsTotalAccumulated DepreciationNet Cost BasisDate of Acquisition
Single-family properties in operation
Albuquerque, NM269$— $9,910 $39,843 $— $7,024 $9,910 $46,867 $56,777 $(13,603)$43,174 2013-2022
Atlanta, GA6,02784,511 223,084 976,896 — 219,844 223,084 1,196,740 1,419,824 (283,483)1,136,341 2012-2024
Austin, TX58925,548 23,209 86,911 — 15,259 23,209 102,170 125,379 (32,727)92,652 2012-2022
Boise, ID1,0668,200 49,388 231,541 — 53,529 49,388 285,070 334,458 (39,630)294,828 2013-2024
Charleston, SC1,61685,453 71,176 260,446 — 56,459 71,176 316,905 388,081 (74,712)313,369 2012-2024
Charlotte, NC4,258146,114 167,655 671,244 — 139,730 167,655 810,974 978,629 (214,252)764,377 2012-2024
Cincinnati, OH2,107113,950 70,085 282,667 — 68,281 70,085 350,948 421,033 (124,483)296,550 2012-2024
Colorado Springs, CO203— 16,685 65,688 — 9,844 16,685 75,532 92,217 (6,281)85,936 2013-2023
Columbus, OH2,181103,745 67,575 292,073 — 82,042 67,575 374,115 441,690 (113,065)328,625 2012-2024
Dallas-Fort Worth, TX3,870107,340 103,489 473,002 — 113,458 103,489 586,460 689,949 (214,015)475,934 2012-2024
Denver, CO872— 48,968 199,427 — 33,430 48,968 232,857 281,825 (69,394)212,431 2012-2024
Greater Chicago area, IL and IN1,52378,865 48,159 188,889 — 58,225 48,159 247,114 295,273 (104,001)191,272 2012-2015
Greensboro, NC72155,351 21,807 98,541 — 18,784 21,807 117,325 139,132 (39,356)99,776 2013-2022
Greenville, SC76076,318 21,932 112,938 — 21,313 21,932 134,251 156,183 (41,781)114,402 2013-2022
Houston, TX2,42184,214 55,831 318,098 — 68,308 55,831 386,406 442,237 (129,392)312,845 2012-2024
Indianapolis, IN3,054114,251 91,838 375,446 — 88,486 91,838 463,932 555,770 (154,436)401,334 2012-2024
Inland Empire, CA10— 1,104 1,116 — 245 1,104 1,361 2,465 (464)2,001 2014-2016
Jacksonville, FL3,29763,626 114,869 517,813 — 119,256 114,869 637,069 751,938 (145,904)606,034 2012-2024
Kansas City, MO162— 8,617 40,038 — 66 8,617 40,104 48,721 (375)48,346 2024
Knoxville, TN44218,045 16,076 80,377 — 11,335 16,076 91,712 107,788 (27,747)80,041 2013-2022
Las Vegas, NV2,550— 154,767 483,791 — 145,648 154,767 629,439 784,206 (100,001)684,205 2011-2024
Memphis, TN71011,761 27,034 102,894 — 18,257 27,034 121,151 148,185 (31,803)116,382 2013-2024
Miami, FL1523,559 1,799 17,743 — 4,835 1,799 22,578 24,377 (9,374)15,003 2013-2015
Milwaukee, WI62— 3,816 10,763 — 1,564 3,816 12,327 16,143 (5,189)10,954 2013
Nashville, TN3,37033,826 144,221 580,590 — 138,381 144,221 718,971 863,192 (189,716)673,476 2012-2024
Oklahoma City, OK487— 16,319 100,657 — 112 16,319 100,769 117,088 (902)116,186 2024
Orlando, FL2,12647,940 76,674 344,235 — 84,891 76,674 429,126 505,800 (96,366)409,434 2011-2024
Phoenix, AZ3,311— 157,810 473,656 — 100,053 157,810 573,709 731,519 (158,123)573,396 2011-2024
Portland, OR316— 25,342 55,400 — 6,407 25,342 61,807 87,149 (16,738)70,411 2013-2022
Raleigh, NC2,223102,900 81,809 318,820 — 52,483 81,809 371,303 453,112 (118,574)334,538 2012-2024
Salt Lake City, UT1,937104,607 124,436 389,467 — 82,515 124,436 471,982 596,418 (120,571)475,847 2012-2024
San Antonio, TX1,22249,292 36,925 170,430 — 39,601 36,925 210,031 246,956 (55,532)191,424 2012-2024
Savannah/Hilton Head, SC1,05625,600 39,903 160,994 — 27,240 39,903 188,234 228,137 (47,877)180,260 2013-2024
Seattle, WA1,014— 81,273 230,048 — 33,300 81,273 263,348 344,621 (54,910)289,711 2012-2024
Tampa, FL2,96416,640 118,337 499,247 — 103,291 118,337 602,538 720,875 (144,637)576,238 2012-2024
Tucson, AZ746— 26,943 129,341 — 31,204 26,943 160,545 187,488 (28,536)158,952 2011-2023
Winston Salem, NC83745,358 21,141 103,753 — 19,938 21,141 123,691 144,832 (40,918)103,914 2013-2022
Total Single-family properties in operation60,5311,607,014 2,370,006 9,484,823 — 2,074,638 2,370,006 11,559,461 13,929,467 (3,048,868)10,880,599 2011-2024
Properties under development & development land— — 418,662 — 706,712 146,910 1,125,374 146,910 1,272,284 — 1,272,284 
Total single-family properties and land held for sale805— 74,806 116,561 30,696 31,044 105,502 147,605 253,107 (40,299)212,808 2011-2024
Total real estate assets61,336$1,607,014 $2,863,474 $9,601,384 $737,408 $2,252,592 $3,600,882 $11,853,976 $15,454,858 $(3,089,167)$12,365,691 2011-2024
(1)The unaudited aggregate cost of consolidated real estate in the table above for federal income tax purposes was $15.4 billion as of December 31, 2024.
American Homes 4 Rent
American Homes 4 Rent, L.P.
Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2024 (continued)

Change in Total Real Estate Assets for Single-Family Properties in Operation
 For the Years Ended December 31,
(Amounts in thousands)202420232022
Balance, beginning of period$12,885,689 $12,325,124 $11,320,426 
Acquisitions and building improvements1,495,474 871,828 1,325,231 
Dispositions(416,933)(313,029)(186,498)
Write-offs(34,302)(37,446)(36,614)
Impairment(9,163)(1,908)(2,499)
Reclassifications to single-family properties and land held for sale, net of dispositions8,702 41,120 (94,922)
Balance, end of period$13,929,467 $12,885,689 $12,325,124 

Change in Accumulated Depreciation for Single-Family Properties in Operation
 For the Years Ended December 31,
(Amounts in thousands)202420232022
Balance, beginning of period$(2,719,970)$(2,386,452)$(2,072,933)
Depreciation (1)
(454,159)(436,143)(410,413)
Dispositions90,141 68,389 37,453 
Write-offs34,302 37,446 36,614 
Reclassifications to single-family properties and land held for sale, net of dispositions818 (3,210)22,827 
Balance, end of period$(3,048,868)$(2,719,970)$(2,386,452)
(1)Depreciation of buildings and improvements is computed on a straight-line basis over estimated useful lives ranging from three to thirty years.