CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investments in single-family residential properties:
Land	$ 4,635,181	$ 4,646,917
Building and improvements	13,808,251	13,740,981
Total gross investments in the properties	18,443,432	18,387,898
Less: accumulated depreciation	(1,321,346)	(1,075,634)
Investments in single-family residential properties, net	17,122,086	17,312,264
Cash and cash equivalents	166,874	179,878
Restricted cash	243,048	236,684
Goodwill	258,207	258,207
Other assets, net	875,147	696,605
Total assets	18,665,362	18,683,638
Liabilities:
Mortgage loans, net	7,620,487	7,580,153
Term loan facility, net	1,489,417	1,487,973
Revolving facility	0	35,000
Convertible senior notes, net	552,861	548,536
Accounts payable and accrued expenses	221,535	193,413
Resident security deposits	152,075	146,689
Other liabilities	45,410	41,999
Total liabilities	10,081,785	10,033,763
Shareholders' equity
Preferred stock, $0.01 par value per share, 900,000,000 shares authorized, none outstanding at June 30, 2018 and December 31, 2017	0	0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 520,493,369 and 519,173,142 outstanding at June 30, 2018 and December 31, 2017, respectively	5,205	5,192
Additional paid-in capital	8,619,302	8,602,603
Accumulated deficit	(303,801)	(157,595)
Accumulated other comprehensive income	118,954	47,885
Total shareholders' equity	8,439,660	8,498,085
Non-controlling interests	143,917	151,790
Total equity	8,583,577	8,649,875
Total liabilities and equity	$ 18,665,362	$ 18,683,638