CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investments in single-family residential properties:
Land	$ 4,498,591	$ 4,499,346
Building and improvements	13,844,299	13,747,818
Total gross investments in the properties	18,342,890	18,247,164
Less: accumulated depreciation	(2,126,400)	(2,003,972)
Investments in single-family residential properties, net	16,216,490	16,243,192
Cash and cash equivalents	297,060	92,258
Restricted cash	218,735	193,987
Goodwill	258,207	258,207
Other assets, net	602,853	605,266
Total assets	17,593,345	17,392,910
Liabilities:
Mortgage loans, net	6,137,744	6,238,461
Secured term loan, net	401,033	400,978
Term loan facility, net	1,494,469	1,493,747
Revolving facility	270,000	0
Convertible senior notes, net	335,559	334,299
Accounts payable and accrued expenses	180,222	186,110
Resident security deposits	150,160	147,787
Other liabilities	666,031	325,450
Total liabilities	9,635,218	9,126,832
Commitments and contingencies (Note 14)
Stockholders' equity
Preferred stock, $0.01 par value per share, 900,000,000 shares authorized, none outstanding as of March 31, 2020 and December 31, 2019	0	0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 543,767,445 and 541,642,725 outstanding as of March 31, 2020 and December 31, 2019, respectively	5,438	5,416
Additional paid-in capital	9,066,512	9,010,194
Accumulated deficit	(556,305)	(524,588)
Accumulated other comprehensive loss	(607,402)	(276,600)
Total stockholders' equity	7,908,243	8,214,422
Non-controlling interests	49,884	51,656
Total equity	7,958,127	8,266,078
Total liabilities and equity	$ 17,593,345	$ 17,392,910