CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investments in single-family residential properties:
Land	$ 4,501,831	$ 4,499,346
Building and improvements	14,011,329	13,747,818
Total gross investments in the properties	18,513,160	18,247,164
Less: accumulated depreciation	(2,381,059)	(2,003,972)
Investments in single-family residential properties, net	16,132,101	16,243,192
Cash and cash equivalents	559,567	92,258
Restricted cash	249,341	193,987
Goodwill	258,207	258,207
Other assets, net	551,571	605,266
Total assets	17,750,787	17,392,910
Liabilities:
Mortgage loans, net	6,094,980	6,238,461
Secured term loan, net	401,040	400,978
Term loan facility, net	1,495,913	1,493,747
Revolving facility	0	0
Convertible senior notes, net	338,112	334,299
Accounts payable and accrued expenses	261,355	186,110
Resident security deposits	155,871	147,787
Other liabilities	672,139	325,450
Total liabilities	9,419,410	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 September 30, 2020 and December 31, 2019	0	0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 560,534,032 and 541,642,725 outstanding as of September 30, 2020 and December 31, 2019, respectively	5,605	5,416
Additional paid-in capital	9,521,179	9,010,194
Accumulated deficit	(646,950)	(524,588)
Accumulated other comprehensive loss	(598,966)	(276,600)
Total stockholders' equity	8,280,868	8,214,422
Non-controlling interests	50,509	51,656
Total equity	8,331,377	8,266,078
Total liabilities and equity	$ 17,750,787	$ 17,392,910
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01