CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments in single-family residential properties:
Land	$ 4,487,945	$ 4,499,346
Building and improvements	13,882,606	13,747,818
Total gross investments in the properties	18,370,551	18,247,164
Less: accumulated depreciation	(2,252,814)	(2,003,972)
Investments in single-family residential properties, net	16,117,737	16,243,192
Cash and cash equivalents	571,719	92,258
Restricted cash	223,894	193,987
Goodwill	258,207	258,207
Other assets, net	574,759	605,266
Total assets	17,746,316	17,392,910
Liabilities:
Mortgage loans, net	6,118,575	6,238,461
Secured term loan, net	400,986	400,978
Term loan facility, net	1,495,191	1,493,747
Revolving facility	0	0
Convertible senior notes, net	336,820	334,299
Accounts payable and accrued expenses	190,344	186,110
Resident security deposits	154,200	147,787
Other liabilities	706,327	325,450
Total liabilities	9,402,443	9,126,832
Commitments and contingencies (Note 14)
Stockholders' equity
Preferred stock, $0.01 par value per share, 900,000,000 shares authorized, none outstanding as of June 30, 2020 and December 31, 2019	0	0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 560,532,679 and 541,642,725 outstanding as of June 30, 2020 and December 31, 2019, respectively	5,605	5,416
Additional paid-in capital	9,515,625	9,010,194
Accumulated deficit	(595,318)	(524,588)
Accumulated other comprehensive loss	(632,148)	(276,600)
Total stockholders' equity	8,293,764	8,214,422
Non-controlling interests	50,109	51,656
Total equity	8,343,873	8,266,078
Total liabilities and equity	$ 17,746,316	$ 17,392,910