CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investments in single-family residential properties:
Land	$ 4,737,938	$ 4,539,796
Building and improvements	15,270,443	14,261,954
Total gross investments in the properties	20,008,381	18,801,750
Less: accumulated depreciation	(3,073,059)	(2,513,057)
Investments in single-family residential properties, net	16,935,322	16,288,693
Cash and cash equivalents	610,166	213,422
Restricted cash	208,692	198,346
Goodwill	258,207	258,207
Investments in unconsolidated joint ventures	130,395	69,267
Other assets, net	395,064	478,287
Total assets	18,537,846	17,506,222
Liabilities:
Mortgage loans, net	3,055,853	4,820,098
Secured term loan, net	401,313	401,095
Unsecured notes, net	1,921,974	0
Term loan facility, net	2,478,122	2,470,907
Revolving facility	0	0
Convertible senior notes, net	141,397	339,404
Accounts payable and accrued expenses	193,633	149,299
Resident security deposits	165,167	157,936
Other liabilities	341,583	611,410
Total liabilities	8,699,042	8,950,149
Commitments and contingencies (Note 14)
Stockholders' equity
Preferred stock, $0.01 par value per share, 900,000,000 shares authorized, none outstanding as of December 31, 2021 and 2020	0	0
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 601,045,438 and 567,117,666 outstanding as of December 31, 2021 and 2020, respectively	6,010	5,671
Additional paid-in capital	10,873,539	9,707,258
Accumulated deficit	(794,869)	(661,162)
Accumulated other comprehensive loss	(286,938)	(546,942)
Total stockholders' equity	9,797,742	8,504,825
Non-controlling interests	41,062	51,248
Total equity	9,838,804	8,556,073
Total liabilities and equity	$ 18,537,846	$ 17,506,222