CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating Activities:
Net loss	$ (17,580)	$ (42,391)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	144,500	67,577
Share-based compensation expense	9,498	44,244
Amortization of deferred leasing costs	2,844	3,139
Amortization of deferred financing costs	3,995	11,327
Amortization of debt discounts	2,254	55
Provisions for impairment	603	1,037
Gain on sale of property, net of tax	(5,502)	(14,321)
Change in fair value of derivative instruments	2,246	3,752
Other noncash amounts included in net loss	(1,153)	(337)
Changes in operating assets and liabilities:
Other assets, net	(23,390)	(15,906)
Accounts payable and accrued expenses	10,920	16,207
Resident security deposits	3,513	1,279
Other liabilities	(2,668)	412
Net cash provided by operating activities	130,080	76,074
Investing Activities:
Change in amounts deposited and held by others	(1,557)	484
Acquisition of single-family residential properties	(48,486)	(27,813)
Initial renovations to single-family residential properties	(16,820)	(6,855)
Other capital expenditures for single-family residential properties	(31,233)	(10,800)
Corporate capital expenditures	(29)	(270)
Proceeds from sale of residential properties	51,105	73,652
Purchases of investments in debt securities	(45,832)	0
Repayment proceeds from retained debt securities	114	0
Other investing activities	(9,260)	0
Net cash (used in) provided by investing activities	(101,998)	28,398
Financing Activities:
Proceeds from IPO, net of underwriting discounts	0	1,692,058
IPO costs paid	0	(2,457)
Payment of dividends and dividend equivalents	(57,432)	0
Distributions to non-controlling interests	(1,037)	0
Payment of taxes related to net share settlement of RSUs	(6,598)	0
Redemption of Series A Preferred Stock	0	(1,153)
Payments on credit facilities	0	(2,321,585)
Proceeds from mortgage loans	916,571	0
Payments on mortgage loans	(873,269)	(1,030,471)
Proceeds from term loan facility	0	1,500,000
Payments on revolving facility	(20,000)	0
Deferred financing costs paid	(11,770)	(24,456)
Other financing activities	(361)	0
Net cash used in financing activities	(53,896)	(188,064)
Change in cash, cash equivalents, and restricted cash	(25,814)	(83,592)
Cash, cash equivalents, and restricted cash, beginning of period (Note 4)	416,562	420,211
Cash, cash equivalents, and restricted cash, end of period (Note 4)	390,748	336,619
Supplemental cash flow disclosures:
Interest paid, net of amounts capitalized	87,797	53,645
Cash paid for income taxes	671	0
Noncash investing and financing activities:
Accrued renovation improvements at period end	5,747	3,620
Accrued residential property capital improvements at period end	5,849	2,277
Transfer of residential property, net to other assets, net for held for sale assets	59,173	32,862
Reclassification of IPO costs from other assets to additional paid-in capital	0	2,629
Change in other comprehensive income from cash flow hedges	57,516	13,272
Capital leases	$ 2,209	$ 0