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REAL ESTATE OWNED - Additional Information (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
May 07, 2020
USD ($)
home
Oct. 31, 2020
USD ($)
home
Aug. 31, 2020
USD ($)
May 31, 2020
USD ($)
home
Jan. 31, 2020
USD ($)
home
Sep. 30, 2020
USD ($)
item
community
state
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
item
community
state
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Real Estate Owned Disclosure                    
Number of real estate properties | community           148   148    
Number of states in which there are owned and consolidated communities | state           13   13    
Number of apartment homes owned and consolidated | item           47,488   47,488    
Gain/(loss) on sale of real estate owned               $ 61,303 $ 5,282  
In-place intangibles           $ 40,570   40,570   $ 40,570
Development costs excluding direct costs and capitalized interest           1,600 $ 1,900 10,300 6,900  
Interest capitalized during period           1,800 $ 1,400 4,900 3,800  
Development of real estate assets               88,261 $ 19,248  
Real estate held for investment           12,533,801   12,533,801   $ 12,532,324
Long-term Debt           $ 4,920,127   $ 4,920,127    
Note due February 2021                    
Real Estate Owned Disclosure                    
Amount of a promissory note       $ 4,000            
Preferred Equity Investment Hillsboro Oregon                    
Real Estate Owned Disclosure                    
Ownership (as a percent)         100.00%         49.00%
Number of apartment homes | home         276          
Payment to acquire real estate         $ 21,600          
294 Home Operating Community in Tampa                    
Real Estate Owned Disclosure                    
Number of apartment homes acquired | home         294          
Real estate acquired         $ 85,200          
Real estate acquired         83,100          
In-place intangibles         $ 2,100          
71 Home Operating Community in Bellevue                    
Real Estate Owned Disclosure                    
Apartment homes sold | home       71            
Proceeds from sale of real estate       $ 49,700            
Gain/(loss) on sale of real estate owned       $ 29,600            
196 Home Operating Community in Seattle                    
Real Estate Owned Disclosure                    
Apartment homes sold | home 196                  
Proceeds from sale of real estate $ 92,900                  
Gain/(loss) on sale of real estate owned $ 31,700                  
King of Prussia                    
Real Estate Owned Disclosure                    
Real estate acquired     $ 16,200              
Operating Community in Washington DC                    
Real Estate Owned Disclosure                    
Apartment homes sold | home   332                
Proceeds from sale of real estate   $ 145,000                
Gain/(loss) on sale of real estate owned   $ 58,000                
Preferred Equity Investment Hillsboro Oregon                    
Real Estate Owned Disclosure                    
Number of apartment homes acquired | home         276          
Ownership (as a percent)         100.00%          
Real estate acquired         $ 67,800          
In-place intangibles         1,700          
Payment to acquire real estate         21,600          
Repayments of joint venture construction financing         35,600          
Gain on consolidation         $ 0