CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Investments in single-family residential properties:
Land	$ 4,575,697	$ 4,646,917
Building and improvements	13,650,475	13,740,981
Total gross investments in the properties	18,226,172	18,387,898
Less: accumulated depreciation	(1,423,820)	(1,075,634)
Investments in single-family residential properties, net	16,802,352	17,312,264
Cash and cash equivalents	130,037	179,878
Restricted cash	253,603	236,684
Goodwill	258,207	258,207
Other assets, net	1,032,449	696,605
Total assets	18,476,648	18,683,638
Liabilities:
Mortgage loans, net	7,409,700	7,580,153
Term loan facility, net	1,490,138	1,487,973
Revolving facility	0	35,000
Convertible senior notes, net	555,081	548,536
Accounts payable and accrued expenses	275,203	193,413
Resident security deposits	151,305	146,689
Other liabilities	30,573	41,999
Total liabilities	9,912,000	10,033,763
Shareholders' equity
Preferred stock, $0.01 par value per share, 900,000,000 shares authorized, none outstanding at September 30, 2018 and December 31, 2017	0	0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 520,579,577 and 519,173,142 outstanding at September 30, 2018 and December 31, 2017, respectively	5,206	5,192
Additional paid-in capital	8,624,380	8,602,603
Accumulated deficit	(360,344)	(157,595)
Accumulated other comprehensive income	151,886	47,885
Total shareholders' equity	8,421,128	8,498,085
Non-controlling interests	143,520	151,790
Total equity	8,564,648	8,649,875
Total liabilities and equity	$ 18,476,648	$ 18,683,638