CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating Activities:
Net income	$ 93,454	$ 60,574
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	272,293	266,640
Share-based compensation expense	6,207	9,222
Amortization of deferred leasing costs	5,828	5,060
Amortization of deferred financing costs	14,353	20,158
Amortization of debt discounts	2,697	4,709
Provisions for impairment	3,913	7,329
Gain on sale of property, net of tax	(26,367)	(43,744)
Change in fair value of derivative instruments	2,707	2,170
Other non-cash amounts included in net income	(349)	785
Changes in operating assets and liabilities:
Other assets, net	(14,288)	(9,823)
Accounts payable and accrued expenses	17,612	48,771
Resident security deposits	6,413	3,000
Other liabilities	11,462	491
Net cash provided by operating activities	395,935	375,342
Investing Activities:
Amounts deposited and held by others	733	(966)
Acquisition of single-family residential properties	(179,901)	(246,306)
Initial renovations to single-family residential properties	(61,623)	(18,749)
Other capital expenditures for single-family residential properties	(84,025)	(70,161)
Proceeds from sale of single-family residential properties	228,728	336,523
Repayment proceeds from retained debt securities	6,787	35,687
Other investing activities	(203)	3,163
Net cash provided by (used in) investing activities	(89,504)	39,191
Financing Activities:
Payment of dividends and dividend equivalents	(163,456)	(136,299)
Distributions to non-controlling interests	(1,068)	(1,886)
Payment of taxes related to net share settlement of RSUs	(3,361)	(8,108)
Payments on mortgage loans	(131,677)	(709,383)
Proceeds from secured term loan	0	403,464
Payments on secured term loan	(101)	0
Proceeds from revolving facility	320,000	135,000
Payments on revolving facility	(320,000)	(135,000)
Proceeds from issuance of common stock, net	503,798	0
Deferred financing costs paid	0	(2,613)
Other financing activities	(1,198)	(244)
Net cash provided by (used in) financing activities	202,937	(455,069)
Change in cash, cash equivalents, and restricted cash	509,368	(40,536)
Cash, cash equivalents, and restricted cash, beginning of period (Note 4)	286,245	359,991
Cash, cash equivalents, and restricted cash, end of period (Note 4)	795,613	319,455
Supplemental cash flow disclosures:
Interest paid, net of amounts capitalized	153,151	164,766
Cash paid for income taxes	967	1,699
Operating cash flows from operating leases	2,760	2,581
Financing cash flows from finance leases	1,062	244
Non-cash investing and financing activities:
Accrued renovation improvements at period end	2,931	6,188
Accrued residential property capital improvements at period end	8,459	12,617
Transfer of residential property, net to other assets, net for held for sale assets	98,254	198,138
Change in other comprehensive loss from cash flow hedges	(360,301)	(257,358)
ROU assets obtained in exchange for operating lease liabilities	2,961	1,721
ROU assets obtained in exchange for finance lease liabilities	$ 9,235	$ 0