CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Activities:
Net income	$ 384,799	$ 262,776	$ 197,449
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	638,114	592,135	552,530
Share-based compensation expense	28,962	27,170	17,090
Amortization of deferred financing costs	15,014	13,126	25,828
Amortization of debt discounts	1,653	6,244	5,458
Provisions for impairment	310	650	4,578
(Gains) losses on investments in equity securities, net	3,939	9,420	(29,723)
Gain on sale of property, net of tax	(90,699)	(60,008)	(54,594)
Change in fair value of derivative instruments	9,486	14,660	9,129
Losses from investments in unconsolidated joint ventures, net of operating distributions	11,433	1,982	0
Other non-cash amounts included in net income	30,963	14,744	15,021
Changes in operating assets and liabilities:
Other assets, net	(10,887)	(15,095)	(38,012)
Accounts payable and accrued expenses	(5,989)	32,892	(27,040)
Resident security deposits	10,385	7,231	10,149
Other liabilities	(3,896)	(267)	8,849
Net cash provided by operating activities	1,023,587	907,660	696,712
Investing Activities:
Deposits for acquisition of single-family residential properties	(35,460)	(60,135)	(906)
Acquisition of single-family residential properties	(564,706)	(1,126,826)	(621,697)
Initial renovations to single-family residential properties	(122,371)	(77,408)	(98,769)
Other capital expenditures for single-family residential properties	(208,070)	(162,832)	(172,284)
Proceeds from sale of single-family residential properties	240,034	231,676	414,927
Repayment proceeds from retained debt securities	70,546	88,416	72,106
Proceeds from sale of investments in equity securities	5,762	31,504	0
Investments in unconsolidated joint ventures	(167,728)	(65,000)	(16,345)
Non-operating distributions from unconsolidated joint ventures	6,119	1,890	0
Other investing activities	(38,539)	(20,843)	(2,188)
Net cash used in investing activities	(814,413)	(1,159,558)	(425,156)
Financing Activities:
Payment of dividends and dividend equivalents	(539,033)	(393,812)	(332,151)
Distributions to non-controlling interests	(2,397)	(2,107)	(2,137)
Payment of taxes related to net share settlement of RSUs	(12,869)	(9,411)	(4,427)
Payments on mortgage loans	(1,412,249)
Payments on secured term loan	0	0	(101)
Proceeds from unsecured notes	598,434	1,938,036	0
Proceeds from term loan facility	725,000	0	2,500,000
Payments on term loan facility	0	0	(1,500,000)
Proceeds from revolving facility	130,000	400,000	320,000
Payments on revolving facility	(130,000)	(400,000)	(320,000)
Proceeds from issuance of common stock, net	98,367	933,790	686,723
Deferred financing costs paid	(13,043)	(16,990)	(41,411)
Other financing activities	(16,315)	(23,653)	(17,903)
Net cash provided by (used in) financing activities	(574,105)	658,988	(146,033)
Change in cash, cash equivalents, and restricted cash	(364,931)	407,090	125,523
Cash, cash equivalents, and restricted cash, beginning of period (Note 4)	818,858	411,768	286,245
Cash, cash equivalents, and restricted cash, end of period (Note 4)	453,927	818,858	411,768
Supplemental cash flow disclosures:
Interest paid, net of amounts capitalized	275,730	285,501	313,076
Cash paid for income taxes	1,534	809	1,284
Operating cash flows from operating leases	6,025	5,911	5,560
Financing cash flows from finance leases	2,642	2,720	2,382
Non-cash investing and financing activities:
Accrued renovation improvements at period end	2,272	13,400	7,709
Accrued residential property capital improvements at period end	9,656	11,209	6,785
Transfer of residential property, net to other assets, net for held for sale assets	90,695	81,593	168,533
Change in other comprehensive loss from cash flow hedges	377,022	247,605	(280,773)
ROU assets obtained in exchange for operating lease liabilities	5,798	1,452	6,427
ROU assets obtained in exchange for finance lease liabilities	340	115	9,561
Net settlement of 2022 Convertible Notes in shares of common stock	$ 141,219	$ 203,509	$ 0