CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating Activities:
Net loss	$ (31,768)	$ (36,862)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	290,950	135,092
Share-based compensation expense	17,514	52,460
Amortization of deferred leasing costs	5,833	6,226
Amortization of deferred financing costs	9,678	16,355
Amortization of debt discounts	4,508	114
Provisions for impairment	2,274	1,132
Gain on sale of property, net of tax	(9,443)	(24,483)
Change in fair value of derivative instruments	5,852	3,802
Other noncash amounts included in net loss	(1,638)	(922)
Changes in operating assets and liabilities:
Other assets, net	(7,668)	(8,564)
Accounts payable and accrued expenses	29,688	24,054
Resident security deposits	5,386	2,268
Other liabilities	(10,831)	(814)
Net cash provided by operating activities	310,335	169,858
Investing Activities:
Amounts deposited and held by others	9,273	89
Acquisition of single-family residential properties	(120,149)	(84,632)
Initial renovations to single-family residential properties	(25,750)	(13,026)
Other capital expenditures for single-family residential properties	(60,916)	(21,133)
Corporate capital expenditures	(1,832)	(1,494)
Proceeds from sale of residential properties	122,820	129,239
Purchases of investments in debt securities	(163,719)	(51,920)
Repayment proceeds from retained debt securities	59,213	30,916
Other investing activities	(8,314)	0
Net cash used in investing activities	(189,374)	(11,961)
Financing Activities:
Proceeds from IPO, net of underwriting discounts	0	1,692,058
IPO costs paid	0	(2,757)
Payment of dividends and dividend equivalents	(114,991)	(18,816)
Distributions to non-controlling interests	(2,033)	0
Payment of taxes related to net share settlement of RSUs	(7,421)	0
Redemption of Series A Preferred Stock	0	(1,153)
Payments on credit facilities	0	(2,321,585)
Proceeds from mortgage loans	3,274,179	996,420
Payments on mortgage loans	(3,198,588)	(2,083,012)
Proceeds from term loan facility	0	1,500,000
Proceeds from revolving facility	100,000	0
Payments on revolving facility	(135,000)	0
Deferred financing costs paid	(42,489)	(42,065)
Other financing activities	(1,258)	0
Net cash used in financing activities	(127,601)	(280,910)
Cash, cash equivalents, and restricted cash, beginning of period (Note 4)	(6,640)	(123,013)
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)	409,922	297,198
Interest paid, net of amounts capitalized
Interest paid, net of amounts capitalized	174,915	110,561
Cash paid for income taxes	1,373	1,987
Noncash investing and financing activities:
Accrued renovation improvements at period end	6,214	3,868
Accrued residential property capital improvements at period end	8,879	3,754
Transfer of residential property, net to other assets, net for held for sale assets	93,888	41,278
Reclassification of IPO costs from other assets to additional paid-in capital	0	2,969
Change in other comprehensive income from cash flow hedges	66,894	4,572
Capital leases	$ 2,448	$ 0