American Homes 4 Rent (AMH) 10-K 26 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 24, 2014	Mar. 24, 2014	Mar. 24, 2014	Mar. 24, 2014
		Class A Common Shares [Member]	Class B Common Shares [Member]	Series A Preferred Shares [Member]	Series B Preferred Shares [Member]
Document Information [Line Items]	'	'	'	'	'
Document Type	'10-K	'	'	'	'
Amendment Flag	'false	'	'	'	'
Document Period End Date	31-Dec-13	'	'	'	'
Document Fiscal Year Focus	'2013	'	'	'	'
Document Fiscal Period Focus	'FY	'	'	'	'
Trading Symbol	'AMH	'	'	'	'
Entity Registrant Name	'American Homes 4 Rent	'	'	'	'
Entity Central Index Key	'0001562401	'	'	'	'
Current Fiscal Year End Date	'--12-31	'	'	'	'
Entity Well-known Seasoned Issuer	'No	'	'	'	'
Entity Current Reporting Status	'Yes	'	'	'	'
Entity Voluntary Filers	'No	'	'	'	'
Entity Filer Category	'Non-accelerated Filer	'	'	'	'
Entity Common Stock, Shares Outstanding	'	184,869,219	635,075	5,060,000	4,400,000
Entity Public Float	$0	'	'	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Single-family properties:	'	'
Land	$728,362	$96,139
Buildings and improvements	3,188,693	411,706
Single-family properties held for sale	6,569	'
Single-family properties, gross	3,923,624	507,845
Less: accumulated depreciation	-62,202	-2,132
Single-family properties, net	3,861,422	505,713
Cash and cash equivalents	148,989	397,198
Restricted cash for resident security deposits	26,430	'
Rent and other receivables, net	6,863	6,586
Escrow deposits, prepaid expenses and other assets	39,212	11,961
Deferred costs and other intangibles, net	20,573	'
Goodwill	120,655	'
Total assets	4,224,144	921,458
Liabilities	'	'
Credit facility	375,000	'
Accounts payable and accrued expenses	103,397	11,282
Amounts payable to affiliates	'	5,012
Contingently convertible Series E units liability	66,938	'
Preferred shares derivative liability	28,150	'
Total liabilities	573,485	16,294
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Preferred shares, value	91	'
Additional paid-in capital	2,996,478	914,565
Accumulated deficit	-63,479	-10,278
Total shareholders' equity	2,934,944	904,674
Noncontrolling interest	715,715	490
Total equity	3,650,659	905,164
Total liabilities and equity	4,224,144	921,458
Class A Common Shares [Member]	'	'
Shareholders' equity:	'	'
Common shares, value	1,848	387
Class B Common Shares [Member]	'	'
Shareholders' equity:	'	'
Common shares, value	$6	'

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Preferred shares, par value	$0.01	'
Preferred shares, shares authorized	100,000,000	'
Preferred shares, shares issued	9,060,000	'
Preferred shares, shares outstanding	9,060,000	'
Class A Common Shares [Member]	'	'
Common shares, par value	$0.01	$0.01
Common shares, shares authorized	450,000,000	450,000,000
Common shares, shares issued	184,869,219	38,663,998
Common shares, shares outstanding	184,869,219	38,663,998
Class B Common Shares [Member]	'	'
Common shares, par value	$0.01	$0.01
Common shares, shares authorized	50,000,000	50,000,000
Common shares, shares issued	635,075	667
Common shares, shares outstanding	635,075	667

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	6 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Revenues:	'	'	'
Rents from single-family properties	$65	$132,722	$4,540
Other revenues from single-family properties	'	5,227	'
Other	'	1,083	'
Total revenues	65	139,032	4,540
Expenses:	'	'	'
Leased single-family properties	27	51,411	1,744
Vacant single-family properties and other	12	22,341	1,846
General and administrative expense	47	8,845	7,199
Advisory fees	'	6,352	937
Interest expense	'	370	'
Noncash share-based compensation expense	'	1,079	70
Acquisition fees and costs expensed	'	4,799	869
Depreciation and amortization	21	70,987	2,111
Total expenses	107	166,184	14,776
Gain on remeasurement of equity method investment	'	10,945	'
Remeasurement of Series E units	'	-2,057	'
Remeasurement of Preferred shares	'	-1,810	'
Loss from continuing operations	-42	-20,074	-10,236
Discontinued operations	'	'	'
Gain on disposition of single-family properties	'	904	'
Income from discontinued operations	'	104	'
Total income from discontinued operations	'	1,008	'
Net loss	-42	-19,066	-10,236
Noncontrolling interest	'	13,245	'
Dividends on preferred shares	'	1,160	'
Conversion of preferred units	'	10,456	'
Net loss attributable to common shareholders	($42)	($43,927)	($10,236)
Weighted average shares outstanding - basic and diluted	3,301,667	123,592,086	7,225,512
Net loss per share - basic and diluted:	'	'	'
Loss from continuing operations	($0.01)	($0.37)	($1.42)
Income from discontinued operations	'	$0.01	'
Net loss attributable to common shareholders per share - basic and diluted	($0.01)	($0.36)	($1.42)

Consolidated_Statements_of_Equ

Consolidated Statements of Equity (USD $)

Total

2012 Offering [Member]

Alaska Joint Venture Acquisition [Member]

RJ LLC [Member]

2,770 Property Contribution [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Preferred Shares [Member]

Additional Paid-in Capital [Member]

Additional Paid-in Capital [Member]

Additional Paid-in Capital [Member]

Additional Paid-in Capital [Member]

Additional Paid-in Capital [Member]

Accumulated Deficit [Member]

Shareholders' Equity [Member]

Shareholders' Equity [Member]

Shareholders' Equity [Member]

Shareholders' Equity [Member]

Noncontrolling Interest [Member]

Noncontrolling Interest [Member]

Noncontrolling Interest [Member]

Noncontrolling Interest [Member]

Noncontrolling Interest [Member]

In Thousands, except Share data, unless otherwise specified

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

2012 Offering [Member]

Alaska Joint Venture Acquisition [Member]

2,770 Property Contribution [Member]

Subscription Agreement [Member]

USD ($)

2012 Offering [Member]

2,770 Property Contribution [Member]

USD ($)

USD ($)

2012 Offering [Member]

Alaska Joint Venture Acquisition [Member]

2,770 Property Contribution [Member]

Subscription Agreement [Member]

USD ($)

USD ($)

2012 Offering [Member]

Alaska Joint Venture Acquisition [Member]

2,770 Property Contribution [Member]

USD ($)

2012 Offering [Member]

Alaska Joint Venture Acquisition [Member]

RJ LLC [Member]

2,770 Property Contribution [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Beginning Balances, shares at Jun. 22, 2011

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock other

'

'

'

'

$3,516

'

'

'

'

'

'

'

'

'

'

'

'

$3,516

'

'

'

'

'

$3,516

'

'

'

'

'

Issuance of common stock other, shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Distributions to equity holders:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net loss

-42

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-42

-42

'

'

'

'

'

'

'

'

Ending Balances at Dec. 31, 2011

3,474

'

'

'

'

'

'

'

'

'

'

'

'

'

3,516

'

'

'

'

-42

3,474

'

'

'

'

'

'

'

'

Beginning Balances, shares at Dec. 31, 2011

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuances of Class A common shares, net of offering costs

494,839

'

'

'

'

354

'

'

'

'

'

'

'

'

494,485

'

'

'

'

'

494,839

'

'

'

'

'

'

'

'

Contribution of properties and cash by the Sponsor, value

'

47,646

'

'

'

'

33

'

'

'

'

'

'

'

'

47,123

'

'

'

'

'

47,156

'

'

'

490

'

'

'

Issuance of common stock, shares

'

'

'

'

'

35,363,998

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contribution of properties and cash by the Sponsor, shares

'

'

'

'

'

'

3,300,000

'

'

'

'

667

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock other

'

'

'

'

369,371

'

'

'

'

'

'

'

'

'

'

'

'

369,371

'

'

'

'

'

369,371

'

'

'

'

'

Issuance of common stock other, shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based compensation

70

'

'

'

'

'

'

'

'

'

'

'

'

'

70

'

'

'

'

'

70

'

'

'

'

'

'

'

'

Share-based compensation, shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Distributions to equity holders:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net loss

-10,236

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-10,236

-10,236

'

'

'

'

'

'

'

'

Ending Balances at Dec. 31, 2012

905,164

'

'

'

'

387

'

'

'

'

'

'

'

'

914,565

'

'

'

'

-10,278

904,674

'

'

'

490

'

'

'

'

Ending Balances, shares at Dec. 31, 2012

'

'

'

'

'

38,663,998

'

'

'

'

667

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuances of Class A common shares, net of offering costs

1,548,280

'

'

'

'

1,021

'

'

'

'

'

'

'

'

1,547,259

'

'

'

'

'

1,548,280

'

'

'

'

'

'

'

'

Issuance of common stock, shares

'

'

'

'

'

102,141,544

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of common stock other

'

'

'

'

35,817

'

'

'

'

4

'

'

6

'

'

'

'

-356,442

-4

'

'

'

'

-356,436

'

'

'

'

392,253

Issuance of common stock other, shares

'

'

'

'

'

'

'

'

'

434,783

'

'

634,408

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Management Internalization

65,188

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

65,188

'

'

'

'

Joint Venture Acquisition

'

'

904,487

61,060

'

'

'

436

'

'

'

'

'

'

'

'

703,856

'

'

'

'

'

704,292

'

'

'

200,195

61,060

'

Joint Venture Acquisition, shares

'

'

'

'

'

'

'

43,609,394

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based compensation

1,079

'

'

'

'

'

'

'

'

'

'

'

'

'

1,079

'

'

'

'

'

1,079

'

'

'

'

'

'

'

'

Share-based compensation, shares

'

'

'

'

'

19,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Formation of consolidated joint venture

500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500

'

'

'

'

Conversion of preferred units

-10,456

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-10,456

-10,456

'

'

'

'

'

'

'

'

Issuances of Preferred shares, net of offering costs of $13,904

186,256

'

'

'

'

'

'

'

'

'

'

'

'

91

186,165

'

'

'

'

'

186,256

'

'

'

'

'

'

'

'

Issuance of Preferred shares, shares

'

'

'

'

'

'

'

'

'

'

'

'

'

9,060,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Distributions to equity holders:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred shares

-1,160

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,160

-1,160

'

'

'

'

'

'

'

'

Noncontrolling interests

-17,216

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-17,216

'

'

'

'

Common shares

-9,274

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-9,274

-9,274

'

'

'

'

'

'

'

'

Net loss

-19,066

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-32,311

-32,311

'

'

'

13,245

'

'

'

'

Ending Balances at Dec. 31, 2013

$3,650,659

'

'

'

'

$1,848

'

'

'

'

$6

'

'

$91

$2,996,478

'

'

'

'

($63,479)

$2,934,944

'

'

'

$715,715

'

'

'

'

Ending Balances, shares at Dec. 31, 2013

'

'

'

'

'

184,869,219

'

'

'

'

635,075

'

'

9,060,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Consolidated_Statements_of_Equ1

Consolidated Statements of Equity (Parenthetical) (USD $)	12 Months Ended	1 Months Ended	12 Months Ended	1 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012	Mar. 31, 2013	Dec. 31, 2013
		2012 Offering [Member]	2012 Offering [Member]	2013 Offering [Member]	2013 Offering [Member]
Offering costs	$13,904	$40,928	$40,928	$44,003	$85,984

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Operating activities	'	'
Net loss	($19,066,000)	($10,236,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	70,987,000	2,111,000
Noncash amortization of deferred financing costs	186,000	'
Noncash share-based compensation	1,079,000	70,000
Provision for bad debt	2,273,000	'
Acquisition costs attributable to contributed properties	'	455,000
Gain on remeasurement of equity method investment	-10,945,000	'
Remeasurement of Series E units	2,057,000	'
Remeasurement of Preferred shares	1,810,000	'
Gain on disposition of discontinued operations	-904,000	'
Other changes in operating assets and liabilities:	'	'
Rent and other receivables	3,339,000	-82,000
Resident security deposits	-26,430,000	'
Prepaid expenses and other assets	-16,238,000	-492,000
Deferred leasing costs	-9,710,000	'
Accounts payable and accrued expenses	39,973,000	676,000
Amounts payable to affiliates	-22,239,000	949,000
Net cash provided by (used in) operating activities	16,172,000	-6,549,000
Investing activities	'	'
Cash paid for single-family properties	-2,011,977,000	-87,506,000
Escrow deposits for purchase of single-family properties	-13,740,000	-7,393,000
Cash acquired in non-cash business combinations	33,099,000	'
Net proceeds received from sale of discontinued operations	8,844,000	'
Distributions from unconsolidated joint venture	3,431,000	'
Improvements to single-family properties	-382,070,000	-2,571,000
Net cash used in investing activities	-2,369,371,000	-97,470,000
Financing activities	'	'
Implied contribution by Sponsor for historical operations	517,000	5,888,000
Net proceeds from issuance of Class A common shares	1,548,280,000	494,839,000
Net proceeds from issuance of Class A units in Operating Partnership	'	490,000
Net proceeds from issuance of Preferred shares	212,596,000	'
Proceeds from credit facility	1,425,000,000	'
Payments on credit facility	-1,050,000,000	'
Proceeds from bridge loan	115,000,000	'
Payments on bridge loan	-115,000,000	'
Extinguishment of RJ1 note payable	-7,600,000	'
Contributions from noncontrolling interests	500,000	'
Distributions to noncontrolling interests	-11,829,000	'
Distributions to preferred shareholders	-1,160,000	'
Deferred financing costs	-11,314,000	'
Net cash provided by financing activities	2,104,990,000	501,217,000
Net decrease in cash and cash equivalents	-248,209,000	397,198,000
Cash and cash equivalents, beginning of period	397,198,000	'
Cash and cash equivalents, end of period	148,989,000	397,198,000
Supplemental cash flow information	'	'
Cash payments for interest	5,473,000	'
Supplemental schedule of noncash investing and financing activities	'	'
Receivables related to property acquisitions	1,166,000	3,312,000
Accounts payable and accrued expenses related to property acquisitions	24,589,000	2,306,000
Accounts payable and accrued expenses related to deferred financing costs	833,000	'
Amounts payable to affiliates related to property acquisitions	-244,000	4,180,000
Accrued distribution to noncontrolling interests	5,387,000	'
Accrued distribution to common shareholders	9,274,000	'
Contribution of properties (see Note 9)	'	'
Single-family properties, including related assets and liabilities	32,229,000	408,639,000
Additional paid-in capital	-384,255,000	-361,483,000
Due from affiliates	-2,508,000	'
Issuance of units to noncontrolling interest	500,000	'
Non-cash acquisitions (see Note 10)	'	'
Single-family properties	966,571,000	'
Other net assets and liabilities	-36,760,000	'
Deferred costs and other intangibles	133,195,000	'
Additional paid-in capital	-703,856,000	'
Issuance of units to noncontrolling interest	-500,000	'
Contingently convertible Series E units liability	-64,881,000	'
Noncontrolling interest in consolidated subsidiaries	-39,321,000	'
Cash acquired in non-cash business combinations	33,099,000	'
Management Internalization [Member]	'	'
Investing activities	'	'
Settlement of net monetary assets related to Management Internalization	-6,958,000	'
Class A Units [Member]	'	'
Contribution of properties (see Note 9)	'	'
Issuance of units to noncontrolling interest	221,934,000	'
Non-cash acquisitions (see Note 10)	'	'
Issuance of units to noncontrolling interest	-221,934,000	'
Series C Convertible Units [Member]	'	'
Contribution of properties (see Note 9)	'	'
Issuance of units to noncontrolling interest	391,701,000	'
Non-cash acquisitions (see Note 10)	'	'
Issuance of units to noncontrolling interest	-391,701,000	'
Class A Common Shares [Member]	'	'
Contribution of properties (see Note 9)	'	'
Issuance of common shares	'	47,156,000
Non-cash acquisitions (see Note 10)	'	'
Class A common shares	-436,000	'
Class B Common Shares [Member]	'	'
Contribution of properties (see Note 9)	'	'
Issuance of common shares	7,993,000	'
Series D Convertible Units [Member]	'	'
Contribution of properties (see Note 9)	'	'
Issuance of units to noncontrolling interest	65,188,000	'
Non-cash acquisitions (see Note 10)	'	'
Issuance of units to noncontrolling interest	($65,188,000)	'

Organization_and_operations

Organization and operations	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Organization and operations	'
	Note 1. Organization and operations
	American Homes 4 Rent (the “Company,” “we,” “our” and “us”) is a Maryland real estate investment trust (“REIT”) formed on October 19, 2012. We are focused on acquiring, renovating, leasing and operating single-family homes as rental properties. As of December 31, 2013, the Company held 23,268 single-family properties in 22 states, including properties held for sale.
	In November and December 2012, the Company raised approximately $530,413,000 before offering costs of $40,928,000, including $5,307,000 related to the value of the option issued to American Homes 4 Rent, LLC (the “Sponsor”), in an offering exempt from registration under the Securities Act of 1933 (the “2012 Offering”). In March 2013, the Company raised $747,500,000 before offering costs of $44,003,000 in an offering exempt from registration under the Securities Act of 1933 (the “2013 Offering”). In August 2013, the Company raised $811,764,000 before offering costs of $41,981,000 in our initial public offering (the “IPO”). Concurrently with the IPO, the Company raised an additional $75,000,000 in private placements, which were made concurrently with the IPO offering price and without payment of any underwriting discount, to the Sponsor and the Alaska Permanent Fund Corporation (“APFC”) (collectively, the “2013 Concurrent Private Placements”). During the fourth quarter of 2013, the Company raised $226,500,000 before estimated offering costs of $13,904,000 through the sale of 5,060,000 5.0% Series A Participating Preferred Shares (“Series A Preferred Shares”) and 4,000,000 5.0% Series B Participating Preferred Shares (“Series B Preferred Shares”) (collectively, the “Preferred Shares”).
	From our formation through June 10, 2013, we were externally managed and advised by American Homes 4 Rent Advisor, LLC (the “Advisor”) and the leasing, managing and advertising of our properties was overseen and directed by American Homes 4 Rent Management Holdings, LLC (the “Property Manager”), both of which were subsidiaries of the Sponsor. On June 10, 2013, we acquired the Advisor and the Property Manager from the Sponsor in exchange for 4,375,000 Series D units and 4,375,000 Series E units in our Operating Partnership (the “Management Internalization”). Under the terms of the contribution agreement, all administrative, financial, property management, marketing and leasing personnel, including executive management, became fully dedicated to us (see Note 10).
	Prior to the Management Internalization, the Sponsor exercised control over the Company through the contractual rights provided to the Advisor through an advisory management agreement. Accordingly, the contribution of certain properties by the Sponsor to the Company prior to the Management Internalization have been deemed to be transactions between entities under common control, and as such, the accounts relating to the properties contributed have been recorded by us as if they had been acquired by us on the dates such properties were acquired by the Sponsor (see Note 9). Accordingly, the accompanying consolidated financial statements include the Sponsor’s historical results of operations and carrying values of the properties that had been acquired by the Sponsor. The Sponsor commenced acquiring these properties on June 23, 2011, and accordingly, the statements of operations reflect activity prior to the Company’s date of formation. Therefore, the accompanying consolidated financial statements are not indicative of the Company’s past or future results and do not reflect its financial position, results of operations, changes in equity, and cash flows had they been presented as if the Company had been operated independently during the periods presented.

Significant_accounting_policie

Significant accounting policies	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Significant accounting policies	'
	Note 2. Significant accounting policies
	Basis of presentation
	The accompanying consolidated financial statements include the accounts of the Company, the Operating Partnership and its consolidated subsidiaries. Intercompany accounts and transactions have been eliminated. The Company consolidates real estate partnerships and other entities that are not variable interest entities when it owns, directly or indirectly, a majority interest in the entity or is otherwise able to control the entity. Ownership interests in certain consolidated subsidiaries of the Company held by outside parties are included in noncontrolling interests in the accompanying consolidated financial statements. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conjunction with the rules and regulations of the Securities and Exchange Commission (“SEC”).
	Use of estimates
	The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Income taxes
	We have elected to be taxed as a REIT under Sections 856 to 860 of the Internal Revenue Code of 1986 (the “Code”), commencing with our taxable year ended December 31, 2012. We believe that we have operated, and continue to operate, in such a manner as to satisfy the requirements for qualification as a REIT. Accordingly, we will not be subject to federal income tax, provided that we qualify as a REIT and our distributions to our shareholders equal or exceed our REIT taxable income.
	However, qualification and taxation as a REIT depends upon our ability to meet the various qualification tests imposed under the Code related to the percentage of income that we earn from specified sources and the percentage of our earnings that we distribute. Accordingly, no assurance can be given that we will be organized or be able to operate in a manner so as to remain qualified as a REIT. If we fail to qualify as a REIT in any taxable year, we will be subject to federal and state income tax (including any applicable alternative minimum tax) on our taxable income at regular corporate tax rates, and we may be ineligible to qualify as a REIT for four subsequent tax years. Even if we qualify as a REIT, we may be subject to certain state or local income taxes, and our taxable REIT subsidiary will be subject to federal, state and local taxes on its income. Our tax returns are subject to examination in various jurisdictions for the calendar year 2012.
	We recognize tax benefits of uncertain tax positions only if it is more likely than not that the tax position will be sustained, based solely on its technical merits, with the taxing authority having full authority of all relevant information. The measurement of a tax benefit for an uncertain tax position that meets the “more likely than not” threshold is based on a cumulative probability model under which the largest amount of tax benefit recognized is the amount with a greater than 50% likelihood of being realized upon ultimate settlement with the taxing authority having full knowledge of all the relevant information. As of December 31, 2013, there were no unrecognized tax benefits. We do not anticipate a significant change in unrecognized tax benefits within the next 12 months.
	Significant accounting policies
	Investment in real estate
	Transactions in which single-family properties that are not subject to an existing lease are purchased are treated as asset acquisitions, and as such are recorded at their purchase price, including acquisition costs, which is allocated to land and building based upon their relative fair values at the date of acquisition. Single-family properties that are acquired either subject to an existing lease or as part of a portfolio level transaction are treated as a business combination under ASC 805, Business Combinations, and as such are recorded at fair value, allocated to land, building and the existing lease, if applicable, based upon their fair values at the date of acquisition, with acquisition fees and other costs expensed as incurred. Fair value is determined based on ASC 820, Fair Value Measurements and Disclosures, primarily based on unobservable data inputs. In making estimates of fair values for purposes of allocating the purchase price of individually acquired properties subject to an existing lease, the Company utilizes its own market knowledge and published market data. In this regard, the Company also utilizes information obtained from county tax assessment records to assist in the determination of the fair value of the land and building. The Company engages a third party valuation specialist to assist management in the determination of fair value for purposes of allocating the purchase price of properties acquired as part of portfolio level transactions.
	The fair value of acquired lease related intangibles is estimated based upon the costs we would have incurred to lease the property under similar terms. Such costs are capitalized and amortized over the remaining life of the lease. Acquired leases are generally short-term in nature (less than one year). We do not record intangible assets or liabilities for above or below market leases, as any such amounts are insignificant.
	The nature of our business requires that in certain circumstances we acquire single-family properties subject to existing liens. Liens that we expect to be extinguished in cash are estimated and accrued on the date of acquisition.
	We incur costs to prepare our acquired properties to be rented. These costs, along with related holding costs, are capitalized to the cost of the property during the period the property is undergoing activities to prepare it for its intended use. We capitalize interest cost as a cost of the property only during the period for which activities necessary to prepare the property for its intended use are ongoing, provided that expenditures for the property have been made and interest cost has been incurred. Upon completion of the renovation of our properties, all costs of operations, including repairs and maintenance, are expensed as incurred.
	Single-family properties held for sale and discontinued operations
	Single-family properties are classified as held for sale when they meet the applicable GAAP criteria, including but not limited to, the availability of the home for immediate sale in its present condition, the existence of an active program to locate a buyer and the probable sale of the home within one year. Single-family properties classified as held for sale are reported at the lower of their carrying value or estimated fair value less costs to sell, and are presented separately in the consolidated balance sheet.
	The results of operations of leased and operating single-family properties that have either been sold or classified as held for sale, if material, are reported in the consolidated statements of operations as discontinued operations for both current and prior periods presented through the date of applicable disposition. Gains on dispositions of single-family properties that have been in operation are included in income from discontinued operations, whereas gains on dispositions of single-family properties with no historical operating results are included in other revenues in the consolidated statements of operations.
	As of December 31, 2013, the Company had 44 single-family properties classified as held for sale. These properties did not have material historical operating results under the Company’s ownership.
	Impairment of long-lived assets
	We evaluate our single-family properties for impairment periodically or whenever events or circumstances indicate that their carrying amount may not be recoverable. Significant indicators of impairment may include, but are not limited to, declines in home values, rental rates and occupancy of the property and significant changes in the economy. If an impairment indicator exists, we compare the expected future undiscounted cash flows against its net carrying amount. If the sum of the estimated undiscounted cash flows is less than the net carrying amount, we would record an impairment loss for the difference between the estimated fair value of the individual property and the carrying amount of the property at that date. No material impairments have been recorded since the inception of the Company.
	Leasing costs
	Direct and incremental costs that we incur to lease our properties are capitalized and amortized over the term of the leases, which generally have a term of one year. Prior to the Management Internalization, we paid the Property Manager a leasing fee equal to one-half of one month’s rent for each lease.
	Depreciation and amortization
	Depreciation is computed on a straight-line basis over the estimated useful lives of the buildings and improvements; buildings are depreciated over 30 years and improvements are depreciated over their estimated economic useful lives, generally five to fifteen years. We consider the value of in-place leases in the allocation of the purchase price, and amortize such amounts on a straight-line basis over the remaining terms of the leases. The unamortized portion of the value of in-place leases is included in deferred costs and other intangibles, net.
	Intangible assets
	Intangible assets are amortized on a straight-line basis over the asset’s estimated economic life and are tested for impairment based on undiscounted cash flows and, if impaired, written down to fair value based on discounted cash flows. The identified intangible assets acquired as part of the Management Internalization (see Note 10) are being amortized over the following estimated economic lives:
			Amortizable Life
	Trademark			4.7 years
	Database			7 years
	The Company reviews finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of the estimated future cash flows expected to result from the use and eventual disposition of an asset is less than its net book value, an impairment loss is recognized. Measurement of an impairment loss is based on the fair value of an asset. No impairments have been recorded as of December 31, 2013.
	Goodwill
	Goodwill represents the fair value in excess of the tangible and separately identifiable intangible assets that were acquired as part of the Management Internalization (see Note 10). Goodwill has an indefinite life and is therefore not amortized. The Company analyzes goodwill for impairment on an annual basis pursuant to ASC 350, Intangibles – Goodwill and Other, which permits us to assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than the carrying amount as a basis to determine whether the two-step impairment test is necessary. We also have the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the first step of the two-step goodwill impairment test. The first step in the impairment test compares the fair value of the reporting unit with its carrying amount. If the carrying amount exceeds fair value, the second step is required to determine the amount of the impairment loss by comparing the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. Impairment charges, if any, are recognized in operating results. No impairments have been recorded as of December 31, 2013.
	Deferred financing costs
	Financing costs related to the origination of the Company’s credit facility are deferred and amortized as interest expense on an effective interest method over the contractual term of the applicable financing, and have been included in deferred costs and other intangibles, net in the accompanying consolidated balance sheets.
	Cash and cash equivalents
	We consider all demand deposits, cashier’s checks, money market accounts and certificates of deposit with a maturity of three months or less to be cash equivalents. We maintain our cash and cash equivalents and escrow deposits at financial institutions. The combined account balances typically exceed the Federal Deposit Insurance Corporation insurance coverage, and, as a result, there is a concentration of credit risk related to amounts on deposit. We believe that the risk is not significant.
	Restricted cash
	Restricted cash primarily consists of funds held related to resident security deposits for leases.
	Escrow deposits
	Escrow deposits include refundable and non-refundable cash earnest money deposits for the purchase of properties. In addition, escrow deposits include amounts paid for single-family properties in certain states which require a judicial order when the risk and rewards of ownership of the property are transferred and the purchase is finalized.
	Allowance for doubtful accounts
	We maintain an allowance for doubtful accounts for estimated losses that may result from the inability of tenants to make required rent or other payments. This allowance is estimated based on, among other considerations, payment histories, overall delinquencies and available security deposits. The Company’s allowance for doubtful accounts was $1,200,000 as of December 31, 2013. The Company did not have any allowance for doubtful accounts as of December 31, 2012.
	Rescinded properties
	In certain jurisdictions, our purchases of single-family properties at foreclosure and judicial auctions are subject to the right of rescission. When we are notified of a rescission, the amount of the purchase price is reclassified as a receivable. As of December 31, 2013 and 2012, rescission receivables totaled $1,257,000 and $1,612,000, respectively, and have been included in rent and other receivables, net in the accompanying consolidated balance sheets.
	Revenue and expense recognition
	We lease single-family properties that we own directly to tenants who occupy the properties under operating leases, generally, with a term of one year. Rental revenue, net of any concessions, is recognized on a straight-line basis over the term of the lease, which is not materially different than if it were recorded when due from tenants and recognized monthly as it is earned.
	We accrue for property taxes and homeowners’ association (“HOA”) assessments based on amounts billed, and, in some circumstances, estimates and historical trends when bills or assessments are not available. The actual assessment may differ from the estimates, resulting in a change in estimate in a subsequent period.
	Accrued and other liabilities
	Accrued and other liabilities consist primarily of trade payables, HOA fees and property tax accruals as of the end of the respective period presented. It also consists of contingent loss accruals, if any. Such losses are accrued when they are probable and estimable. When it is reasonably possible that a significant contingent loss has occurred, we disclose the nature of the potential loss and, if estimable, a range of exposure.
	Share-based compensation
	Our 2012 Equity Incentive Plan is accounted for under the provisions of ASC 718, Compensation—Stock Compensation, and ASC 505-50, Equity-Based Payments to Non-Employees. Noncash share-based compensation expense related to options to purchase our Class A common shares issued to members of our board of trustees is based on the fair value of the options on the grant date and amortized over the service period. Noncash share-based compensation expense related to options granted to employees of the Sponsor who were considered non-employees was based on the estimated fair value of the options and was re-measured each period. As certain of these former employees of the Sponsor became employees of the Company in connection with the Management Internalization on June 10, 2013, stock options for 485,000 Class A common shares were reclassified as grants to employees and re-measured as of the date of the Management Internalization. These options are recognized in expense over the service period.
	Fair value of financial instruments
	Fair value is a market-based measurement, and should be determined based on the assumptions that market participants would use in pricing an asset or liability. The GAAP valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows:
		•		Level 1—Inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets;
		•		Level 2—Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; and
		•		Level 3—Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
	The carrying amount of rent and other receivables, restricted cash for resident security deposits, escrow deposits, prepaid expenses and other assets, accounts payable and accrued expenses and amounts payable to affiliates approximate fair value because of the short maturity of these amounts. As the Company’s credit facility bears variable interest at 30 day LIBOR plus 2.75% and was recently entered into on March 7, 2013 and further amended on September 30, 2013 (see Note 5), management believes the carrying value of the credit facility as of December 31, 2013 reasonably approximates fair value, which has been estimated by discounting future cash flows at market rates (Level 2). The Company’s contingently convertible series E units liability and preferred shares derivative liability are the only financial instruments recorded at fair value on a recurring basis within our consolidated financial statements (see Note 14).
	Allocated general and administrative expense
	Allocated general and administrative expense represents general and administrative expenses incurred by our Sponsor that are either clearly applicable to or have been reasonably allocated to the operations of the properties contributed by our Sponsor in connection with 2012 Offering and the 2,770 Property Contribution. In making these allocations, we have considered the guidance of SEC Staff Accounting Bulletin Topic 1B. We have allocated expenses for each operating division of our Sponsor based on an allocation methodology we believe is reasonable for such operating division. Allocations have been based on the estimated portion of our Sponsor’s overall activity associated with the properties contributed by our Sponsor in connection with the 2012 Offering and the 2,770 Property Contribution. In general, the operating metric utilized in making these allocations was the number of single-family properties. Allocated general and administrative expenses were $993,000, $6,949,000 and $47,000 for the years ended December 31, 2013 and 2012 and for the period from June 23, 2011 to December 31, 2011, respectively, and includes salaries, rent, consulting services, travel expenses, temporary services, and accounting and legal services. Management believes that the allocation methodology used to allocate general and administrative expense for the years ended December 31, 2013, 2012, and the period from June 23, 2011 to December 31, 2011 results in a reasonable estimate for allocated general and administrative expense.
	Segment reporting
	Under the provision of ASC 280, Segment Reporting, the Company has determined that it has one reportable segment with activities related to acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s properties are geographically dispersed and management evaluates operating performance at the market level. The Company did not have any geographic market concentrations representing over 10% of total net book value of single-family properties.
	Recently issued and adopted accounting standards
In July 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2012-02, “Testing Indefinite-Lived Intangible Assets for Impairment.” The revised standard is intended to reduce the cost and complexity of testing indefinite-lived intangible assets other than goodwill for impairment by providing entities with an option to perform a “qualitative” assessment to determine whether further impairment testing is necessary. The adoption of this guidance on January 1, 2013 did not have a material impact on the Company’s financial statements.
In July 2013, the FASB issued ASU No. 2013-10, which permits the Fed Funds Effective Swap Rate, also referred to as the “Overnight Index Swap Rate,” to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to the U.S. government and London Interbank Offered Rate (“LIBOR”) swap rate. The update also removes the restriction on the use of different benchmark rates for similar hedges. This ASU was applicable to us for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013 and did not have a material impact on the Company’s financial statements.

Singlefamily_properties

Single-family properties	12 Months Ended
	Dec. 31, 2013
Real Estate [Abstract]	'
Single-family properties	'
	Note 3. Single-family properties
	Single-family properties, net, consists of the following as of December 31, 2013 and 2012 (dollars in thousands):
		December 31, 2013
		Number of		Net book value
		properties
	Leased single-family properties		17,328	$	2,914,947
	Single-family properties being renovated		2,744		393,975
	Vacant single-family properties available for lease		3,152		545,931
	Single-family properties held for sale		44		6,569
	Total		23,268	$	3,861,422
		December 31, 2012
		Number of		Net book value
		properties
	Leased single-family properties		1,164	$	158,068
	Single-family properties being renovated		1,857		261,136
	Vacant single-family properties available for lease		623		86,509
	Total		3,644	$	505,713
	Single-family properties, net at December 31, 2013 and 2012 include $120,645,000 and $131,819,000, respectively, related to properties for which the recorded grant deed has not been received. For these properties, the trustee or seller has warranted that all legal rights of ownership have been transferred to us on the date of the sale, but there is a delay for the deeds to be recorded. Depreciation expense related to single-family properties was $60,254,000, $2,111,000, and $21,000, for the years ended December 31, 2013, 2012, and the period from June 23, 2011 to December 31, 2011, respectively. Included in single-family properties, net at December 31, 2013 and 2012 are certain single-family properties contributed by the Sponsor (see Note 9).
	We generally rent our single-family properties under non-cancelable lease agreements with a term of one year. Future minimum rental revenues under leases existing on our properties as of December 31, 2013 are as follows (in thousands):
	Year	December 31, 2013
	2014	$	174,319
	2015		7,802
	2016		35
	Total	$	182,156

Deferred_costs_and_other_intan

Deferred costs and other intangibles	12 Months Ended
	Dec. 31, 2013
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]	'
Deferred costs and other intangibles	'
	Note 4. Deferred costs and other intangibles
	Deferred costs and other intangibles, net, consists of the following as of December 31, 2013 (in thousands):
		December 31, 2013
	Deferred leasing costs	$	12,526
	Deferred financing costs		12,147
	Intangible assets:
	Value of in-place leases		6,085
	Trademark		3,100
	Database		2,100
			35,958
	Less: accumulated amortization		(15,385	)
	Total	$	20,573
	Amortization expense related to deferred leasing costs, the value of in-place leases, trademark and database was $10,733,000 for the year ended December 31, 2013, which has been included in depreciation and amortization. Amortization of deferred financing costs was $3,672,000 for the year ended December 31, 2013, which has been included in gross interest, prior to interest capitalization (see Note 5).
	The following table sets forth the estimated annual amortization expense related to deferred costs and other intangibles, net as of December 31, 2013 for future periods (in thousands):
	Year	Deferred			Deferred		Value of		Trademark		Database
		Leasing			Financing		In-place
		Costs			Costs		Leases
	2014	$	6,081		$	2,322	$	1,353	$	660	$	300
	2015		2			2,321		—		660		300
	2016		—			2,328		—		660		300
	2017		—			986		—		660		300
	2018		—			517		—		91		300
	Thereafter		—			—		—		—		432
	Total	$	6,083		$	8,474	$	1,353	$	2,731	$	1,932

Debt

Debt	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Debt	'
	Note 5. Debt
	Credit facility
	On March 7, 2013, we entered into a $500 million senior secured revolving credit facility with a financial institution. On June 6, 2013, we entered into a temporary increase to our credit facility that allowed us to borrow up to $1 billion through December 6, 2013. On August 6, 2013, the closing date of our IPO, the credit facility had an outstanding balance of $840 million, which we paid down by $716 million from proceeds of our IPO. Upon closing of our IPO and related paydown, maximum borrowings under the credit facility returned to $500 million. On September 30, 2013, we again amended our credit facility to expand our borrowing capacity to $800 million, add an additional lender and extend the repayment period to September 30, 2018.
	The amount that may be borrowed under the credit facility will generally be based on 50% of the lower of cost or the fair value of our qualifying leased and un-leased properties and certain other measures based in part on the net income generated by our qualifying leased and un-leased properties, which is referred to as the “Borrowing Base.” Borrowings under the credit facility are available through March 7, 2015, which may be extended for an additional year, subject to the satisfaction of certain financial covenant tests. Upon expiration of the credit facility period, any outstanding borrowings will convert to a term loan through September 30, 2018. All borrowings under the credit facility bear interest at 30 day LIBOR plus 2.75% until March 2017, and thereafter at 30 day LIBOR plus 3.125%.
	The credit facility is secured by our Operating Partnership’s membership interests in entities that own our single-family properties and requires that we maintain financial covenants relating to the following matters: (i) minimum liquidity of cash, cash equivalents and borrowing capacity under any credit facilities in an aggregate amount of at least $15,000,000, of which at least $7,500,000 must be in cash and cash equivalents; (ii) a maximum leverage ratio of 1.0 to 1.0; and (iii) tangible net worth (as defined) of not less than the sum of 85% of our tangible net worth as of September 30, 2013 plus 85% of the net proceeds of any additional equity capital raises completed on or after September 30, 2013. As of December 31, 2013, the Company was in compliance with all loan covenants under the credit facility.
	As of December 31, 2013, total outstanding borrowings under the credit facility were $375,000,000. The following table outlines our gross interest, including unused commitment and other fees and amortization of deferred financing costs, and capitalized interest for the year ended December 31, 2013 (in thousands):
		Year ended
		December 31, 2013
	Gross interest cost	$	10,016
	Capitalized interest		9,646
	Interest expense	$	370

Accounts_payable_and_accrued_e

Accounts payable and accrued expenses	12 Months Ended
	Dec. 31, 2013
Payables And Accruals [Abstract]	'
Accounts payable and accrued expenses	'
	Note 6. Accounts payable and accrued expenses
	The following table summarizes accounts payable and accrued expenses as of December 31, 2013 and 2012 (in thousands):
		December 31, 2013		December 31, 2012
	Accounts payable	$	901	$	259
	Accrued property taxes		28,240		4,760
	Other accrued liabilities		21,538		1,473
	Accrued distribution payable		9,274		—
	Accrued construction liabilities		16,917		3,059
	Resident security deposits		26,527		1,731
	Total	$	103,397	$	11,282

Shareholders_equity

Shareholders' equity	12 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Shareholders' equity	'
	Note 7. Shareholders’ equity
	Class A common shares
	In connection with the Management Internalization (see Note 10), we entered into a registration rights agreement with the Sponsor providing for registration rights exercisable after December 10, 2015. After June 10, 2015, if we are eligible to file a shelf registration statement, the Sponsor will have the right to request that we file and maintain a shelf registration statement to register for resale the Class A common shares and securities convertible into Class A common shares that are held by the Sponsor. The Sponsor also has a right to “piggy-back” registration rights to include the Class A common shares and securities convertible into Class A common shares that the Sponsor owns in other registration statements that we may initiate.
	In connection with the Alaska Joint Venture Acquisition (see Note 10), we entered into a registration rights agreement with APFC. Under the terms of such agreement, after we become eligible to file a shelf registration statement on Form S-3, APFC has a right to request that we file and maintain a shelf registration statement with the SEC to register for resale the Class A common shares acquired by APFC in connection with the Alaska Joint Venture Acquisition. APFC also has a right to “piggy-back” registration in the event we conduct future offerings of Class A common shares for our own behalf.
	In November and December 2012, and March 2013, the Company sold 35,360,898 and 46,718,750 Class A common shares in connection with the 2012 Offering and 2013 Offering, respectively. In August 2013, the Company sold an additional 55,422,794 Class A common shares in connection with the IPO and the 2013 Concurrent Private Placements.
	In November 2013, our board of trustees declared our initial quarterly distribution of $0.05 per Class A common share payable on January 10, 2014 to shareholders of record on December 15, 2013. Accordingly, a distribution payable to Class A common shareholders of $9,274,000 has been recorded within accounts payable and accrued expenses in the accompanying consolidated balance sheet as of December 31, 2013.
	Class B common shares
	Our Sponsor received a total of 635,075 shares of Class B common shares in our Company in connection with its investment in the 2012 Offering and the 2,770 Property Contribution (see Note 9). Each Class B common share generally entitles the holder to 50 votes on all matters that the holders of Class A common shares are entitled to vote. The issuance of Class B common shares to our Sponsor allows the Sponsor a voting right associated with its investment in the Company no greater than if it had solely received Class A common shares. Additionally, when the voting interest from Class A common shares and Class B common shares are added together, a shareholder is limited to a 30% total voting interest. Each Class B common share has the same economic interest as a Class A common share.
	Preferred Shares
	Preferred Shares represent non-voting preferred equity interests in our Company and entitle holders to a cumulative annual cash dividend equal to 5.0% of an initial liquidation preference of $25 per share. Any time between September 30, 2017 and September 30, 2020 (the “initial redemption period”), the Company has the option to redeem the Preferred Shares for cash or Class A common shares, at a redemption price equal to the initial liquidation preference, adjusted by an amount equal to 50% of the cumulative change in value of an index based on the purchase prices of single-family properties located in our top 20 markets (the “HPA adjustment”). During the initial redemption period, the amount payable upon redemption will be subject to a cap, such that the total internal rate of return, when considering the initial liquidation preference, the HPA adjustment and dividends up to, but excluding, the date of redemption, will not exceed 9.0%. If not redeemed by the end of the initial redemption period, the initial liquidation preference of $25 per share will be adjusted by the HPA adjustment as of September 30, 2020 (the “adjusted liquidation preference”) and the cumulative annual cash dividend rate will be prospectively increased to 10% of the adjusted liquidation preference. Any time after September 30, 2020, the Company has the option to redeem the Preferred Shares for cash or Class A common shares, at a redemption price equal to the adjusted liquidation preference. Because the HPA adjustment meets the definition of a derivative under ASC 815, Derivatives and Hedging, and is not clearly and closely related to the economic characteristics and risks of the underlying Preferred Shares, the fair value of the HPA adjustment has been reflected as a liability in the accompanying consolidated balance sheets and is adjusted to fair value each period and included in remeasurement of preferred shares in the accompanying consolidated statements of operations (see Note 14).
	In October 2013, the Company raised $126,500,000 before estimated offering costs of $7,319,000 through the sale of 5,060,000 Series A Preferred Shares. In December 2013 and January 2014, the Company raised an additional $110,000,000 in aggregate before estimated offering costs of $6,585,000 through the sale of 4,400,000 Series B Preferred Shares.
	In November 2013, our board of trustees declared the initial pro-rated quarterly dividend of $0.229167 per share on our Series A Preferred Shares, which was paid on December 31, 2013 to shareholders of record on December 15, 2013.
	Class A units
	Class A units represent voting equity interests in the Operating Partnership. Holders of Class A units in the Operating Partnership have the right to redeem the units for cash or, at the election of the Company, exchange the units for the Company’s Class A common shares on a one-for-one basis. The Company owned 93.1% and 99.9% of the total 199,291,586 and 38,697,333 Class A units outstanding as of December 31, 2013 and 2012, respectively.
	Series C convertible units
	Series C convertible units represent voting equity interests in the Operating Partnership. Holders of the Series C convertible units are entitled to distributions equal to the actual net cash flow from a portfolio of 2,770 single-family properties contributed to the Company by the Sponsor on February 28, 2013 (see Note 9), up to a maximum of 3.9% per unit per annum based on a price per unit of $15.50, but will not be entitled to any distributions of income generated by any other properties or operations of our company or any liquidating distributions. Since the date of issuance of the Series C units, net cash flow from the properties contributed to the Company exceeded 3.9% per annum, providing the payment of the maximum amount of the preferred distribution. Holders of the Series C units have a one-time right to convert all such units into Class A units on a unit for unit basis. If on the date of conversion, the contributed properties had not been initially leased for at least 98% of the scheduled rents (determined on an aggregate basis), then the Series C units with respect to the single-family properties leased for at least 98% of the scheduled rents (determined on an aggregate basis) will convert into Class A units, and the Series C units associated with the remaining single-family properties will convert into a number of Class A units determined by dividing the original aggregate cost of the properties (including the acquisition fees) by $15.50, with proportionate reduction in Class B common shares. If the Series C units have not been converted by the earlier of the third anniversary of the original issue date, or the date of commencement of a dissolution or liquidation, then the Series C units will automatically convert into Class A units at the specified conversion ratio defined above. As of December 31, 2013, the Sponsor owned all of the 31,085,974 outstanding Series C convertible units. As of December 31, 2013, the Company has recorded a declared and unpaid Series C unit preferred distribution of $4,698,000 due to the Sponsor, which has been included net of certain amounts due from the Sponsor (see Note 8) and included in escrow deposits, prepaid expenses and other assets in the accompanying consolidated balance sheets.
	Series D convertible units
	Series D convertible units represent non-voting equity interests in the Operating Partnership. Holders of the Series D convertible units do not participate in any distributions for 30 months from the date of issuance and do not participate in any liquidating distributions at any point in time. The Series D units are automatically convertible into Class A units on a one-for-one basis only after the later of (1) 30 months after the date of issuance and (2) the earlier of (i) the date on which adjusted funds from operations per Class A common share aggregates $0.80 or more over four consecutive quarters following the closing of the Management Internalization or (ii) the date on which the daily closing price of our Class A common shares on the NYSE averages $18.00 or more for two consecutive quarters following the closing of the Management Internalization. After 30 months, the Series D units will participate in distributions (other than liquidating distributions) at a rate of 70% of the per unit distributions on the Class A units. As of December 31, 2013, the Sponsor owned all of the 4,375,000 outstanding Series D units (see Note 10).
	Series E convertible units
	Series E convertible units represent non-voting equity interests in the Operating Partnership. Series E convertible units do not participate in any distributions and automatically convert into Series D units, or if the Series D units have previously converted into Class A units, into Class A units, on February 29, 2016 subject to an earn-out provision based on the level of pro forma annualized EBITDA contribution, as defined, of the Advisor and the Property Manager. Based on the terms of the earn-out provision, if pro forma annualized EBITDA contribution, as defined, equals or exceeds $28 million during the six-month period ending December 31, 2015 (the “measurement period”), the Series E units will convert into Series D units (or if the Series D units have previously converted into Class A units, into Class A units) on a one-for-one basis at February 29, 2016. If, during the measurement period, the pro forma annualized EBITDA contribution, as defined, is less than $28 million, the Series E units will convert into a number of Series D units (or if the Series D units have previously converted into Class A units, into Class A units) determined by (1) dividing (A) Pro Forma Annualized EBITDA Contribution during the Measurement Period less $14 million by (B) $14 million and (2) multiplying that result by 4,375,000. Series E units which are not converted at the end of the measurement period, if any, will be cancelled.
	Because the Series E units may potentially be settled by issuing a variable number of Series D units or Class A units, the Series E units have been recorded at fair value and reflected as a liability in accordance with ASC 480, Distinguishing Liabilities and Equity, in the accompanying consolidated balance sheets and are adjusted to fair value each period (see Note 14). As of December 31, 2013, the Sponsor owned all of the 4,375,000 outstanding Series E units (see Note 10).
	3.5% convertible perpetual preferred units
	In connection with the Company’s acquisition of a Class B ownership interest in RJ American Homes 4 Rent Investments, LLC (“RJ LLC”) on December 31, 2012 (see Note 10), the Company issued 653,492 3.5% convertible perpetual preferred units (“Preferred Units”) to the Sponsor. The Preferred Units represented non-voting equity interest in the Operating Partnership and entitled the holder to a preferred annual distribution equal to $0.525 per unit, when authorized and declared by the general partner of the Operating Partnership (i.e., the Company). Distributions accrued on a cumulative basis from the date of issuance and were payable quarterly.
	In connection with the Sponsor’s contribution of its remaining ownership interest in RJ LLC to the Company on June 14, 2013, all of the outstanding 653,492 Preferred Units held by the Sponsor were converted into Class A units (see Note 10).
	Noncontrolling interest
	Noncontrolling interest as reflected in the Company’s consolidated balance sheet primarily consists of the interest held by the Sponsor in units in the Company’s Operating Partnership. As of December 31, 2013 and 2012, the Sponsor owned approximately 6.9% and 0.1%, respectively, of the Class A units in the Operating Partnership. Additionally, the Sponsor owned all 31,085,974 Series C convertible units and all 4,375,000 Series D convertible units in the Operating Partnership as of December 31, 2013. The Sponsor also owned all 653,492 Preferred Units in the Operating Partnership as of December 31, 2012, which were converted into Class A units on June 14, 2013 (see Note 10). Also included in noncontrolling interest are outside ownership interests in certain consolidated subsidiaries of the Company.
	Noncontrolling interest as reflected in the Company’s consolidated statements of operations for the year ended December 31, 2013 primarily consisted of $14,906,000 of preferred income allocated to Series C convertible units, $157,000 of preferred income allocated to Preferred Units (prior to the date of conversion) and $1,760,000 of net loss allocated to Class A units. Also included in noncontrolling interest in the Company’s consolidated statements of operations for the year ended December 31, 2013 was $58,000 of net loss allocated to noncontrolling interests in certain of the Company’s consolidated subsidiaries.
	Subscription agreement
	In 2012, we entered into a subscription agreement with the Sponsor under which the Sponsor had the option to purchase 3,333,334 Class A common shares through November 21, 2015 for an aggregate purchase price of $50,000,000 ($15.00 per share), the price per share of our Class A common shares in the 2012 Offering.
	On April 16, 2013, the Company entered into an agreement with the Sponsor to fully settle the subscription agreement based on a price of $17.25 per share, a price determined based on the most recent trade in the Company’s shares at the time of settlement. Such settlement resulted in the issuance of 434,783 Class A common shares to the Sponsor.
	2012 Equity Incentive Plan
	In 2012, we adopted the 2012 Equity Incentive Plan (the “Plan”) to provide persons with an incentive to contribute to the success of the Company and to operate and manage our business in a manner that will provide for the Company’s long-term growth and profitability. The Plan provides for the issuance of up to 1,500,000 Class A common shares through the grant of a variety of awards including stock options, stock appreciation rights, restricted stock, unrestricted shares, dividend equivalent rights and performance-based awards. The Plan terminates in November 2022, unless it is earlier terminated by the board of trustees. In April 2013, our shareholders approved an amendment to the Plan allowing for an increase in the maximum number of Class A common shares available for issuance from 1,500,000 to 6,000,000.
	In 2012, we granted stock options for 50,000 shares to members of our board of trustees of the Company. These options vest over four years and expire 10 years from the date of grant. All of these options were outstanding as of December 31, 2013. Noncash share-based compensation expense related to these options is based on the estimated fair value on the date of grant and is recognized in expense over the service period. Such expense is adjusted to consider estimated forfeitures. Estimated forfeitures are adjusted to reflect actual forfeitures at the end of the vesting period.
	During 2012, the Company also granted stock options for 650,000 Class A common shares to certain employees of our Sponsor and its subsidiaries. These options vest over four years and expire 10 years from the date of grant. Because these options were originally granted to nonemployees of the Company, noncash share-based compensation expense was initially recorded based on the estimated fair value of the options at grant date and was re-measured at the end of each period. As a result of the Management Internalization on June 10, 2013, certain former employees of the Sponsor became employees of the Company and, accordingly, stock options for 485,000 Class A common shares were reclassified as grants to employees and re-measured as of the date of the Management Internalization.
	During 2013, the Company granted stock options for an additional 550,000 Class A common shares to certain employees of the Company, 60,000 options were cancelled and no options were exercised. The options granted in 2013 vest over four years and expire 10 years from the date of grant. Noncash share-based compensation expense related to these options is based on the estimated fair value on the date of grant and is recognized in expense over the service period. Such expense is adjusted to consider estimated forfeitures. Estimated forfeitures are adjusted to reflect actual forfeitures at the end of the vesting period.
	In February 2014, the Company granted stock options for an additional 940,000 Class A common shares and 92,000 restricted stock units to certain employees of the Company. The options and restricted stock units granted in February 2014 vest over four years and expire 10 years from the date of grant.
	The following table summarizes stock option activity under the Plan for the years ended December 31, 2013 and 2012:
		Year ended December 31,
		2013					2012
		Stock Options			Weighted Average		Stock Options		Weighted Average
					Exercise Price				Exercise Price
	Outstanding at beginning of the year		700,000		$	15		—	$	—
	Granted		550,000			16.03		700,000		15
	Exercised		—			—		—		—
	Forfeited		(60,000	)		15		—		—
	Outstanding at end of the year		1,190,000		$	15.48		700,000	$	15
	Exercisable at end of the year		160,000		$	15		—	$	—
	The following table summarizes the Black-Scholes Option Pricing Model inputs used for valuation of the stock options for Class A common shares issued during the year ended December 31, 2013:
	Weighted average fair value	$	4.75
	Weighted average remaining life (years)		9.9
	Expected term (years)		7
	Dividend Yield		3	%
	Volatility		38	%
	Risk-free interest rate		1.98	%
	Total non-cash share-based compensation expense related to stock options was $762,000 and $70,000 for the years ended December 31, 2013 and 2012, respectively. Also included in noncash share-based compensation expense for the year ended December 31, 2013 was $317,000 associated with 19,500 Class A common shares issued to our trustees during 2013.

Related_party_transactions

Related party transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related party transactions	'
	Note 8. Related party transactions
	As of December 31, 2013 and 2012, our Sponsor owned approximately 3.7% and 8.5% of our outstanding Class A common shares, respectively. On a fully-diluted basis, the Sponsor held (including consideration of 635,075 and 667 Class B common shares as of December 31, 2013 and 2012, respectively, 13,787,292 and 32,668 Class A common units as of December 31, 2013 and December 31, 2012, respectively, 653,492 Preferred Units as of December 31, 2012, 31,085,974 Series C convertible units as of December 31, 2013, 4,375,000 Series D units as of December 31, 2013, 4,375,000 Series E units as of December 31, 2013 and common shares issuable upon exercise of the option pursuant to the subscription agreement as of December 31, 2012) (see Note 7), an approximate 24.6% and 17.2% interest at December 31, 2013 and 2012, respectively.
	As of December 31, 2013, the Company has a receivable of $4,516,000 due from the Sponsor, which has been included in escrow deposits, prepaid expenses and other assets in the accompanying consolidated balance sheets. This amount consists of receivables due from the Sponsor related to the estimated net monetary asset reconciliations associated with the Management Internalization and Alaska Joint Venture Acquisition (see Note 10) and other expense reimbursements, offset by amounts payable to the Sponsor related to accrued and unpaid acquisition fees and declared and unpaid preferred distributions on the Series C convertible units held by the Sponsor (see Note 7).
	Advisory management agreement
	In November 2012, the Company entered into an advisory management agreement with the Advisor under which the Advisor was responsible for designing and implementing our business strategy and administering our business activities and day-to-day operations, subject to the oversight by our board of trustees. For performing these services, we paid the Advisor an advisory management fee equal to 1.75% per year of adjusted shareholders’ equity, as defined, calculated and paid quarterly in arrears. Additionally, concurrently with the contribution of a portfolio of 2,770 single-family properties on February 28, 2013, the Advisor agreed to a permanent reduction in the advisory management fee equal to $9,800,000 per year (see Note 9). Upon completion of the Management Internalization on June 10, 2013 (see Note 10), the Advisor became a wholly-owned subsidiary of our Operating Partnership and accordingly, there will be no future advisory management fees in our consolidated statement of operations.
	For the year ended December 31, 2013, advisory management fees incurred to the Advisor prior to the Management Internalization were $6,352,000. As of December 31, 2012, accrued advisory management fees were $937,000, which have been included in amounts payable to affiliates in the accompanying consolidated balance sheets.
	Property Management Agreement
	In November 2012, the Company entered into a property management agreement with the Property Manager under which the Property Manager generally oversaw and directed the leasing, management and advertising of the properties in our portfolio, including collecting rents and acting as liaison with the tenants. We paid our Property Manager a property management fee equal to 6% of collected rents and a leasing fee equal to one-half month of each lease’s annual rent. Upon completion of the Management Internalization on June 10, 2013 (see Note 10), the Property Manager became a wholly-owned subsidiary of our Operating Partnership and accordingly, there will be no future property management fees incurred to the Property Manager in our consolidated statement of operations.
	For the years ended December 31, 2013 and 2012, property management fees incurred to the Property Manager prior to the Management Internalization were $1,264,000 and $12,000, respectively, which have been included in property operating expenses in the accompanying consolidated statement of operations. For the years ended December 31, 2013 and 2012, leasing fees incurred to the Property Manager prior to the Management Internalization were $2,888,000 and $55,000, respectively, which have been included in deferred costs and other intangibles, net in the accompanying consolidated balance sheets.
	Agreement on Investment Opportunities
	In November 2012, the Company entered into an “Agreement on Investment Opportunities” with the Sponsor under which we pay an acquisition and renovation fee equal to 5% of all costs and expenses we incur in connection with the initial acquisition, repair and renovation of single-family properties (net of any broker fees received by the Property Manager) for its services in identifying, evaluating, acquiring and overseeing the renovation of the properties we purchase. In connection with the Management Internalization on June 10, 2013 (see Note 10), we entered into an Amended and Restated Agreement on Investment Opportunities. Under the amended and restated agreement, on December 10, 2014, the Sponsor will cease providing acquisition and renovation services for us and we will cease paying the acquisition and renovation fee. No termination or other fee will be due on December 10, 2014 in connection with the termination of the Sponsor providing such services. On September 10, 2014, we will have the right to offer employment, that would commence on December 10, 2014, to all of the Sponsor’s acquisition and renovation personnel necessary for our operations. Additionally, the Sponsor is required to pay the Company a monthly fee of $100,000 through December 10, 2014 for maintenance and use of certain intellectual property transferred to us in the Management Internalization, which is included in other revenue in the accompanying consolidated statements of operations (see Note 10).
	During the years ended December 31, 2013 and 2012, we incurred $113,670,000 and $4,602,000 in aggregate acquisition and renovation fees to the Sponsor under the terms of this agreement, $108,871,000 and $4,188,000 of which has been capitalized related to asset acquisitions and included in the cost of the single-family properties, and $4,799,000 and $414,000 has been expensed related to property acquisitions with in-place leases, respectively. As of December 31, 2013, accrued and unpaid acquisition and renovation fees were $2,560,000, which have been included net of certain amounts due from the Sponsor, and included in escrow deposits, prepaid expenses and other assets in the accompanying consolidated balance sheets. As of December 31, 2012, accrued and unpaid acquisition and renovation fees were $2,811,000, which have been included in amounts payable to affiliates in the accompanying consolidated balance sheets.
	Employee Administration Agreement
	In connection with the Management Internalization on June 10, 2013 (see Note 10), we entered into an employee administration agreement with Malibu Management, Inc. (“MMI”), an affiliate of the Sponsor, to obtain the exclusive services of personnel of the Advisor and the Property Manager, who were previously employees of MMI under the direction of the Sponsor. Under terms of the agreement, we obtained the exclusive service of the employees dedicated to us for all management and other personnel dedicated to our business and are able to direct MMI to implement employment decisions with respect to the employees dedicated to us. We are required to reimburse MMI for all compensation and benefits and costs associated with the employees dedicated to us. We do not pay any fee or any other form of compensation to MMI. Total compensation and benefit costs paid by MMI and passed through to us under the agreement during the year ended December 31, 2013 were $17,023,000.
	Allocated general and administrative expenses
	The Company received an allocation of general and administrative expenses from the Sponsor that were either clearly applicable to or were reasonably allocated to the operations of the properties prior to contribution by the Sponsor in connection with the 2012 Offering and the 2,770 Property Contribution (see Note 9). Allocated general and administrative expenses prior to the 2012 Offering and the 2,770 Property Contribution were $993,000 and $6,949,000 for the years ended December 31, 2013 and 2012, respectively, and have been included in general and administrative expense in the accompanying consolidated statements of operations.

Contributions_by_our_Sponsor

Contributions by our Sponsor	12 Months Ended
	Dec. 31, 2013
Organization Consolidation And Presentation Of Financial Statements [Abstract]	'
Contributions by our Sponsor	'
	Note 9. Contributions by our Sponsor
	Contribution in connection with 2012 Offering
	In connection with the 2012 Offering, on December 31, 2012, our Sponsor made an investment in our Company by contributing 367 single-family properties and $556,000 in cash. The contributed single-family properties were valued at $49,444,000, which approximated the Sponsor’s purchase price plus renovation costs incurred through November 5, 2012, an acquisition fee of 5% (based on the purchase price plus renovations costs through November 5, 2012) and all other out-of-pocket costs anticipated to have been incurred by the Sponsor in connection with the contribution of the properties, including transfer costs, title insurance premiums and legal fees. In connection with this contribution, our Sponsor received 3,300,000 Class A common shares, 667 Class B common shares and 32,667 Class A units (see Note 7). This transaction has been deemed to be between “entities under common control” under the provisions of ASC 805, Business Combinations, and as such, the accounts relating to the properties contributed have been reflected retroactively in the accompanying consolidated financial statements based on the results of operations and net book value recorded by our Sponsor of $47,646,000 as of date of the contribution, without consideration of the acquisition fees. Costs to transfer title to the properties of $455,000 to us were expensed. The contribution agreement was entered into and effective December 31, 2012 and provides that the Sponsor has conveyed all legal and beneficial right, title and interest in the contributed properties on that date.
	2,770 Property Contribution
	On February 28, 2013, we entered into an agreement with our Sponsor providing for the contribution of 2,770 single-family properties for total consideration of $491,666,000 (the “2,770 Property Contribution”). Our Sponsor had acquired 33 of these properties in 2011, 2,628 in 2012 and 109 in 2013. The consideration to our Sponsor was 31,085,974 Series C convertible units in our Operating Partnership and 634,408 Class B common shares valued at $15.50 per unit/share, which approximates fair value (see Note 7). Because the 2,770 Property Contribution has been deemed to be a transaction between entities under common control, the shares issued and the property received have been recorded by us at the Sponsor’s historical book value and reflected as if they had been acquired by us on the dates such properties were acquired by our Sponsor.
	The following table summarizes the net assets and historical net loss of the 2,770 single-family properties based on the dates such properties were acquired by our Sponsor through the date of the 2,770 Property Contribution (in thousands, except number of properties):
		Period from			Period from			Total as of
		June 23, 2011 to			January 1, 2013 to			February 28, 2013
		December 31, 2012			February 28, 2013			(transaction date)
	Number of properties		2,661			109			2,770
	Single family properties	$	365,937		$	20,563		$	386,500
	Other assets		7,203			(2,086	)		5,117
	Other liabilities		(8,183	)		558			(7,625	)
	Net assets contributed	$	364,957		$	19,035		$	383,992
	Rents from single family properties	$	4,413		$	3,720		$	8,133
	Property operating expenses		(3,326	)		(1,920	)		(5,246	)
	Depreciation		(2,021	)		(1,324	)		(3,345	)
	Allocated general and administrative expenses		(6,996	)		(993	)		(7,989	)
	Net loss	$	(7,930	)	$	(517	)	$	(8,447	)
	Contributed net assets and net loss	$	372,887		$	19,552		$	392,439
	The net assets of the properties and the related historical net loss has been reflected as a credit to additional paid-in capital during the period such properties were acquired by the Sponsor.
	Upon consummation of the transaction on February 28, 2013, the total $386,500,000 net asset value of the property contribution was reclassified from additional paid-in capital to (i) noncontrolling interest in connection with the issuance of $378,770,000 Series C units in our Operating Partnership and (ii) Class B common shares in connection with the issuance of $7,730,000 Class B common shares (see Note 7). Additionally, the other net liabilities associated with the properties of $2,508,000 as of February 28, 2013 have been reclassified from additional paid-in capital to due from affiliates, as these amounts will be subsequently settled in cash by the Sponsor.
	Pursuant to the agreement, the Sponsor is responsible for all costs of transfer of the properties and for paying costs associated with the completion of initial renovation of the properties after we acquired them. The costs of such improvements for the period from March 1, 2013 to December 31, 2013 were $13,758,000. This amount has been reflected as an addition to the net asset value of the contributed properties, with a corresponding increase of $13,483,000 and $275,000 to the Series C units in our Operating Partnership and Class B common shares, respectively, issued in connection with the 2,770 Property Contribution.
	The total reduction to additional paid-in capital of $356,442,000 reflected in the accompanying consolidated statement of equity for the year ended December 31, 2013 consists of the $386,500,000 reclassification of the net asset value of the 2,770 properties, offset by (i) the $19,552,000 credit associated with the 109 properties acquired by our Sponsor from January 1, 2013 to February 28, 2013, (ii) 7,998,000 in excess of $6,000 par value associated with issuance of the 634,408 Class B common shares and (iii) the $2,508,000 reclassification of the other net liabilities associated with the properties to due from affiliates.
	Concurrently with this transaction, commencing February 28, 2013 the Advisor agreed to a permanent reduction in the advisory fee of $9,800,000 per year (see Note 8).

Acquisitions_and_Dispositions

Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2013
Business Combinations [Abstract]	'
Acquisitions and Dispositions	'
	Note 10. Acquisitions and Dispositions
	Management Internalization
	On June 10, 2013, the Company completed the Management Internalization for the purpose of internalizing its corporate and property operations management and acquired 100% of the membership interests in the Advisor and the Property Manager from the Sponsor in exchange for 4,375,000 Series D units and 4,375,000 Series E units in our Operating Partnership. Under the terms of the respective contribution agreement, all administrative, financial, property management, marketing and leasing personnel, including executive management, became fully dedicated to the Company. In connection with the Management Internalization, the Company also:
		•		Modified the preexisting Agreement on Investment Opportunities between the Company and the Sponsor to: (i) preclude the Sponsor from providing advisory or property management services to third parties investing in any type of business relating to investment in, ownership of or rental of single-family homes; (ii) increase from 20% to 100% the Company’s right to receive promoted interests in any future outside investment vehicles, as defined; (iii) cease the Sponsor’s rendering of acquisition and renovation services to the Company and eliminate the related 5% fee paid to the Sponsor on December 10, 2014; (iv) provide the Company with the right to offer employment on September 10, 2014, that would commence on December 10, 2014, to all of the Sponsor’s acquisition and renovation personnel necessary for our operations; and (v) require the Sponsor to pay us a monthly fee of $100,000 through December 10, 2014 for maintenance and use of certain intellectual property transferred to us in the Management Internalization (see Note 8).
		•		Entered into a registration rights agreement with the Sponsor providing for registration rights exercisable after December 10, 2015 (see Note 7).
		•		Cancelled insurance policies previously provided by a captive insurance company affiliated with the Sponsor (see Note 8).
	The fair value of the Series D units and Series E units has been estimated to be $65,188,000 and $64,881,000, respectively, as of the date of issuance using a Monte Carlo Simulation model. A Monte Carlo simulation was incorporated given that the values of the securities were path dependent, meaning that their value depends on the average of a sequence of the prices of the underlying asset over some predetermined period of time. Inputs to the model include a risk-free rate corresponding to the assumed timing of the conversion date and a volatility input based on the historical volatilities of selected peer group companies. The starting point for the simulation was the most recent trading price in the Company’s Class A common shares, into which the Series D and Series E units are ultimately convertible. The timing of such conversion was based on the provisions of the contribution agreement and the Company’s best estimate of the events that trigger such conversions (see Note 7).
	The following table summarizes the estimated fair values of the assets acquired as part of the Management Internalization as of the date of acquisition (in thousands):
	Buildings and improvements		$	4,214
	Identified intangible assets:
	Trademark			3,100
	Database			2,100
	Goodwill			120,655
	Fair value of acquired assets		$	130,069
	The above intangible assets acquired in connection with the Management Internalization have been valued in accordance with ASC 805, Business Combinations, which requires that an intangible asset is recognized apart from goodwill if it arises from contractual or other legal rights or if it is separable. An asset is considered separable if it (a) is capable of being separated from the acquired entity and sold, transferred, licensed, rented or exchanged, or (b) can be conveyed in combination with a related asset or liability. Pursuant to ASC 820, Fair Value Measurements and Disclosures, the inputs used in the valuation of these intangible assets consisted primarily of Level 2 and Level 3 inputs. The goodwill of $120,655,000 arising from the acquisition consists largely of the synergies, economies of scale and cost savings we expect from the Management Internalization.
	Under the terms of the Management Internalization contribution agreement, net monetary assets, as defined, of the Advisor and Property Manager as of June 10, 2013 were to be settled in cash between the Company and the Sponsor subsequent to the date of the transaction. Accordingly, estimated net monetary assets of $6,958,000, including estimated cash and cash equivalents of $8,982,000, were recorded as of the date of the Management Internalization. The Company and the Sponsor are currently in the process of completing the reconciliation of net monetary assets pursuant to the terms of the Management Internalization contribution agreement, which is anticipated to result in a net receivable to the Company.
	Since the date of the Management Internalization, the Company has consolidated the Advisor and the Property Manager and the results of these operations are reflected in the accompanying consolidated financial statements.
	Alaska Joint Venture Acquisition
	On June 11, 2013, the Company acquired 100% of the membership interests in American Homes 4 Rent I, LLC (the “Alaska Joint Venture”) from APFC and the Sponsor for a purchase price of $904,487,000 (the “Alaska Joint Venture Acquisition”). The purchase price consisted of the issuance of 43,609,394 Class A common shares in the Company to APFC and 12,395,965 Class A units in the Operating Partnership to the Sponsor (see Note 7). As part of the Alaska Joint Venture Acquisition, the Company acquired a portfolio of 4,778 single-family properties, as well as the right to receive all net cash flows produced by the Alaska Joint Venture subsequent to April 30, 2013. Net cash flows produced by the Alaska Joint Venture subsequent to April 30, 2013 and prior to the Company’s ownership on June 11, 2013 were approximately $1,896,000, which have been included in the assets acquired as part of the Alaska Joint Venture Acquisition. The Company completed the Alaska Joint Venture Acquisition for the purpose of acquiring a portfolio of 4,778 single-family properties, which was 75% leased as of the date of acquisition.
	The following table summarizes the estimated fair values of the assets acquired as part of the Alaska Joint Venture Acquisition in accordance with ASC 805, Business Combinations, as of the date of acquisition (in thousands):
	Land		$	156,648
	Building and improvements			740,396
	Receivable for net cash flows prior to acquisition date			1,896
	Value of in-place leases			5,547
	Fair value of acquired assets		$	904,487
	Pursuant to the Alaska Joint Venture Acquisition contribution agreement, net monetary assets, as defined, of the Alaska Joint Venture as of April 30, 2013 are to be used to fund all remaining initial repair and renovation costs of the 4,778 single-family properties, with any potential shortfalls to be paid for by the Sponsor. Accordingly, estimated net monetary assets of the Alaska Joint Venture of $12,995,000, including estimated cash and cash equivalents of $22,989,000, were recorded as of the date of the Alaska Joint Venture Acquisition in the accompanying consolidated balance sheet. The Company and the Sponsor are currently in the process of completing the reconciliation of net monetary assets and remaining initial repair and renovation costs pursuant to the terms of the Alaska Joint Venture contribution agreement, which is anticipated to result in a net receivable to the Company.
	Since the date of the Alaska Joint Venture Acquisition, the Company has consolidated the Alaska Joint Venture and the results of its operations are reflected in the accompanying consolidated financial statements.
	RJ Joint Ventures Acquisition
	On August 10, 2012, the Sponsor formed RJ LLC, as the sole owner and managing member, for the purpose of sponsoring and managing investment vehicle joint ventures with accredited investors identified by Raymond James. On September 20, 2012, RJ LLC formed its first investment vehicle, RJ American Homes 4 Rent One, LLC (“RJ1”), with an initial capital contribution of 177 single-family properties from the Sponsor, prior to selling a 67% Class A ownership interest in RJ1 to third party accredited investors (the “RJ1 Investors”). After the sale to the RJ1 Investors, RJ LLC’s remaining interest in RJ1 consisted of a 33% managing member Class B equity interest and 100% of a promoted interest that is earned after the RJ1 Investors achieve certain preferred returns.
	On December 31, 2012, the Company acquired a newly created Class B ownership interest in RJ LLC from the Sponsor in exchange for 653,492 Preferred Units (see Note 7), which entitled the Company to all operating cash distributions and 20% of promoted interest distributions made from RJ1 to RJ LLC (the “RJ1 2012 Transaction”). As the RJ1 2012 Transaction was completed prior to the Management Internalization, it was deemed to be a transaction between “entities under common control” under the provisions of ASC 805, Business Combinations, and accordingly, the Company’s Class B interest in RJ LLC was recorded at the Sponsor’s carryover basis of zero. As a result, the Preferred Units issued to the Sponsor were also recorded with no initial basis.
	On March 15, 2013, RJ LLC formed its second investment vehicle, RJ American Homes 4 Rent Two, LLC (“RJ2”), with an initial capital contribution of 214 single-family properties from the Sponsor, prior to selling a 67% Class A ownership interest in RJ2 to third party accredited investors (the “RJ2 Investors”). After the sale to the RJ2 Investors, RJ LLC’s remaining interest in RJ2 consisted of a 33% managing member Class B equity interest and 100% of a promoted interest that is earned after the RJ2 Investors achieve certain preferred returns.
	On June 14, 2013, the Sponsor contributed its remaining ownership interest in RJ LLC to the Company, 653,492 Preferred Units held by the Sponsor were converted into 653,492 Class A units (the “Preferred Unit Conversion”) and the Company issued 705,167 additional Class A units to the Sponsor (collectively, the “2013 RJ Transaction”). The fair value of the 705,167 Class A units issued has been estimated to be $11,283,000, which has been determined using the most recent trading price in the Company’s Class A common shares, into which the Class A units are convertible into on a one-for-one basis. Additionally, our Operating Partnership made a $7.6 million loan to RJ1, the proceeds of which were used to extinguish the balance of an outstanding loan as of the date of the 2013 RJ Transaction. The Company completed the 2013 RJ Transaction for the purpose of gaining 100% ownership of RJ LLC and therefore control over RJ1 and RJ2. As of the date of the 2013 RJ Transaction, the RJ1 and RJ2 portfolios collectively consisted of 377 single-family properties.
	The following table summarizes the estimated fair values of the net assets of RJ LLC, RJ1 and RJ2 that the Company gained control over on June 14, 2013 and the associated 67% noncontrolling interest held by the RJ1 Investors and RJ2 Investors in RJ1 and RJ2, respectively (in thousands):
	Land		$	10,340
	Building and improvements			54,123
	Value of in-place leases			539
	Cash and cash equivalents			1,128
	Other current assets and liabilities, net			(311	)
	Note payable			(7,600	)
	Noncontrolling interest			(39,321	)
	Fair value of acquired net assets		$	18,898
	As the Company gained control over RJ LLC after the date of the Management Internalization on June 10, 2013, the carrying value of the Company’s Class B interest in RJ LLC has been remeasured to fair value in accordance with ASC 805, Business Combinations. The following table summarizes the carrying value and estimated fair value of the Company’s Class B interest in RJ LLC as of June 14, 2013 and the resulting gain on remeasurement of approximately $10.9 million, which has been recognized in the accompanying consolidated statements of operations (in thousands):
	Fair value of existing Class B interest		$	7,615
	Carrying value of Class B interest			(3,330	)
	Gain on remeasurement of equity method investment		$	10,945
	The fair value of the Company’s existing Class B interest has been determined using an income approach valuation technique based on the assets of RJ1 underlying the Company’s Class B interest in RJ LLC.
	Because the Preferred Unit Conversion was not subject to an inducement offer and represented an in-substance redemption of the 653,492 Preferred Units, the $10,456,000 fair value of the 653,492 Class A units in excess of the zero carrying value of the 653,492 Preferred Units has been reflected as a reduction to net income attributable to common shareholders in the accompanying consolidated statements of operations in accordance with ASC 260-10-S99-2, The Effect on the Calculation of Earnings per Share for the Redemption or Induced Conversion of Preferred Stock. The fair value of the Class A units issued in connection with the 2013 RJ Transaction has been estimated using the most recent trading price in the Company’s Class A common shares, into which the Class A units are convertible into on a one-for-one basis.
	Since the date of the 2013 RJ Transaction, the Company has consolidated RJ LLC, RJ1 and RJ2 and the related results of operations are reflected in the accompanying consolidated financial statements.
	The following table presents the total revenues and net income attributable to the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction that are included in our consolidated statement of operations from the respective transaction dates through December 31, 2013 (in thousands):
			Management			Alaska Joint			2013 RJ
			Internalization (1)			Venture			Transaction
						Acquisition
			Period from			Period from			Period from
			June 10,			June 11,			June 14,
			2013 to			2013 to			2013 to
			December 31,			December 31,			December 31,
			2013			2013			2013
	Total revenues		$	1,502		$	38,054		$	2,723
	Net (loss) / income		$	(26,179	)	$	2,256		$	52
	-1	Total revenues and net loss attributable to the Management Internalization does not reflect the benefit of eliminating approximately $24,000,000 in advisory management and property management fees that would have otherwise been paid to the Sponsor after the date of the Management Internalization.
	The following table presents the Company’s supplemental consolidated pro forma total revenues and net income as if the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction had occurred on January 1, 2012 (in thousands):
			Year ended December 31,						Period from
									June 23, 2011 to
		2013			2012			December 31, 2011
Pro forma total revenues (1)		$	160,485		$	11,018		$	65
Pro forma net loss (1)		$	(24,235	)	$	(13,130	)	$	(42	)
-1	This unaudited pro forma supplemental information does not purport to be indicative of what the Company’s operating results would have been had the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction occurred on January 1, 2012.
Additionally, due to the inherent complexity of the accompanying consolidated financial statements as a result of the transactions completed between entities under common control (see Note 9), management believes that presentation of pro forma net loss attributable to common shareholders and on a per share basis is not meaningful and has therefore only presented pro forma total revenues and net loss as if the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction had occurred on January 1, 2012 above.
Sale of Southern California properties
On June 27, 2013, the Company sold 38 single-family properties located in southern California for a gross sales price of $8,900,000, before commissions and closing costs, resulting in a gain on sale of $904,000. As these properties had previously been in operations and also represented the disposition of a geographic market, the results of operations from the 38 southern California properties prior to the date of sale, along with the related gain on disposition, have been reflected as discontinued operations in the accompanying consolidated statements of operations.

Earnings_per_share

Earnings per share	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings per share	'
	Note 11. Earnings per share
	The following table reflects the computation of net loss per share on a basic and diluted basis for the years ended December 31, 2013 and 2012 (in thousands, except share information):
		Years ended December 31,						Period from
								June 23, 2011 to
		2013			2012			December 31, 2011
	Income / loss (numerator):
	Loss from continuing operations	$	(20,074	)	$	(10,236	)	$	(42	)
	Income from discontinued operations		1,008			—			—
	Noncontrolling interest		13,245			—			—
	Dividends on preferred shares		1,160			—			—
	Conversion of preferred units		10,456			—			—
	Net loss attributable to common shareholders	$	(43,927	)	$	(10,236	)	$	(42	)
	Weighted-average shares (denominator):
	Class A common shares issued in formation transactions		3,301,000			3,301,000			3,301,000
	Class B common shares issued in formation transactions		667			667			667
	Class A common shares issued in 2012 Offering		35,362,998			3,923,845			—
	Class A common shares issued in 2013 Offering		37,502,997			—			—
	Class B common shares issued in connection with 2,770 Property Contribution		533,598			—			—
	Class A common shares issued to members of board of trustees		6,802			—			—
	Class A common shares issued in settlement of subscription agreement		309,708			—			—
	Class A common shares issued in connection with Alaska Joint Venture Acquisition		24,373,470			—			—
	Class A common shares issued in connection with IPO		17,888,799			—			—
	Class A common shares issued in connection with 2013 Concurrent Private Placements		1,900,685			—			—
	Class A common shares issued in connection with IPO over-allotment exercise		2,411,362			—			—
	Total weighted-average shares		123,592,086			7,225,512			3,301,667
	Net loss per share- basic and diluted:
	Loss from continuing operations	$	(0.37	)	$	(1.42	)	$	(0.01	)
	Income from discontinued operations		0.01			—			—
	Net loss per share- basic and diluted	$	(0.36	)	$	(1.42	)	$	(0.01	)
	The Company accounted for the issuance of 3,301,000 Class A common shares and 667 Class B common shares associated with the initial contribution by the Sponsor in December 2012, as a formation transaction and has reflected these shares outstanding as of the earliest period presented.
	Total weighted average shares for the years ended December 31, 2013 and 2012 shown above excludes an aggregate of 63,873,266 and 4,719,493 of shares or units in our Operating Partnership (see Note 7), respectively, the subscription agreement (see Note 7), and stock options (see Note 7) because they were antidilutive and not related to the formation of the Company.
	Due to the inherent complexity of the accompanying consolidated financial statements as a result of the transactions completed between entities under common control (see Note 9), management does not consider the historical net loss per share computations to be meaningful.

Commitments_and_contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2013
Commitments And Contingencies Disclosure [Abstract]	'
Commitments and contingencies	'
	Note 12. Commitments and contingencies
	As part of our operations, we lease office space for our corporate and property management offices under non-cancelable lease agreements. Future lease obligations under our operating leases as of December 31, 2013, were as follows (in thousands):
	Year Ending December 31,	Amount
	2014	$	1,741
	2015		1,760
	2016		1,540
	2017		824
	2018		105
	Thereafter		—
		$	5,970
	In connection with the renovation of single-family properties after they are purchased, the Company enters into contracts for the necessary improvements. As of December 31, 2013 and 2012, the Company had aggregate outstanding commitments of $1,453,000 and $1,694,000, respectively, in connection with these contracts.
	As of December 31, 2013 and 2012, we had commitments to acquire 536 and 462 single-family properties, respectively, with an aggregate purchase price of $75,473,000 and $70,082,000, respectively.
	We are involved in various legal proceedings that are incidental to our business. We believe these matters will not have a materially adverse effect on our financial position.
	We have a retirement savings plan pursuant to Section 401(k) of the Internal Revenue Code whereby our employees may contribute a portion of their compensation to their respective retirement accounts in an amount not to exceed the maximum allowed under the Internal Revenue Code. In addition to employee contributions, we have elected to provide company contributions (subject to statutory limitations), which amounted to approximately $181,000, $163,000, and $93,000, respectively, for the years ended December 31, 2013, 2012, and period from June 23, 2011 to December 31, 2011.

Noncash_transactions

Noncash transactions	12 Months Ended
	Dec. 31, 2013
Nonmonetary Transactions [Abstract]	'
Noncash transactions	'
	Note 13. Noncash transactions
	On February 28, 2013, our Sponsor contributed 2,770 single-family properties to the Company in exchange for 31,085,974 Series C convertible units in our Operating partnership and 634,408 Class B common shares (see Note 9).
	On June 10, 2013, we acquired the Advisor and Property Manager from the Sponsor in exchange for 4,375,000 Series D units and 4,375,000 Series E units in the Operating Partnership (see Note 10).
	On June 11, 2013, we acquired the Alaska Joint Venture from APFC and the Sponsor in exchange for 43,609,394 Class A common shares in the Company and 12,395,965 Class A units in the Operating Partnership (see Note 10).
	On June 14, 2013, the Sponsor contributed its remaining ownership interest in RJ LLC to the Company, 653,492 Preferred Units held by the Sponsor were converted into 653,492 Class A units and the Company issued 705,167 additional Class A units to the Sponsor (see Note 10).

Fair_Value

Fair Value	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value	'
	Note 14. Fair Value
	The Company’s contingently convertible Series E units liability and preferred shares derivative liability (see Note 10) are the only financial instruments recorded at fair value on a recurring basis in the accompanying consolidated financial statements and are both valued using a Monte Carlo simulation model.
	Inputs to the model used to value the contingently convertible Series E units liability include a risk-free rate corresponding to the assumed timing of the conversion date and a volatility input based on the historical volatilities of selected peer group companies. The starting point for the simulation is the most recent trading price in the Company’s Class A common shares, into which the Series E units are ultimately convertible. The timing of such conversion is based on the provisions of the contribution agreement and the Company’s best estimate of the events that trigger such conversions.
	Valuation of the preferred shares derivative liability considers scenarios in which the Preferred Shares would be redeemed or converted into Class A common shares by the Company and the subsequent payoffs under those scenarios. The valuation also considers certain variables such as the risk-free rate matching the assumed timing of either redemption or conversion, volatility of the underlying home price appreciation index, dividend payments, conversion rates, the assumed timing of either redemption or conversion and an assumed drift factor in home price appreciation across certain metropolitan service areas as outlined in the agreement.
	The following table sets forth the fair value of the contingently convertible series E units liability and preferred shares derivative liability as of December 31, 2013 (in thousands):
				December 31, 2013
	Description	Total		Quoted Prices in		Significant Other		Significant
				Active Markets		Observable Inputs		Unobservable
				for Identical		(Level 2)		Inputs
				Assets				(Level 3)
				(Level 1)
	Contingently convertible Series E units liability	$	66,938	$	—	$	—	$	66,938
	Preferred shares derivative liability	$	28,150	$	—	$	—	$	28,150
	The following table presents changes in the fair value of the contingently convertible series E units liability and preferred shares derivative liability, which are measured on a recurring basis, with changes in fair value recognized in remeasurement in Series E units and remeasurement of preferred shares, respectively, in the accompanying consolidated statements of operations, for the year ended December 31, 2013 (in thousands):
	Description	January 1, 2013		Issuances		Remeasurement		December 31, 2013
						included in earnings
	Contingently convertible Series E units liability	$	—	$	64,881	$	2,057	$	66,938
	Preferred shares derivative liability	$	—	$	26,340	$	1,810	$	28,150
	Changes in inputs or assumptions used to value the contingently convertible Series E units liability and preferred shares derivative liability may have a material impact on the resulting valuation.

Quarterly_financial_informatio

Quarterly financial information	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Quarterly financial information	'
	Note 15. Quarterly financial information (unaudited)
	The following table presents summarized quarterly financial data for the years ended December 31, 2013 and 2012 (in thousands, except per share information):
		Quarter
		First			Second			Third			Fourth
	2013
	Rents from single-family properties	$	6,495		$	17,020		$	47,364		$	61,843
	Net income / (loss)	$	(6,857	)	$	1,123		$	(3,861	)	$	(9,471	)
	Net loss attributable to common shareholders	$	(7,752	)	$	(13,997	)	$	(7,659	)	$	(14,519	)
	Net loss attributable to common shareholders per share—basic and diluted	$	(0.16	)	$	(0.15	)	$	(0.05	)	$	(0.08	)
		Quarter
		First			Second			Third			Fourth
	2012
	Rents from single-family properties	$	96		$	184		$	983		$	3,277
	Net loss	$	(164	)	$	(1,566	)	$	(2,675	)	$	(5,831	)
	Net loss attributable to common shareholders	$	(164	)	$	(1,566	)	$	(2,675	)	$	(5,831	)
	Net loss attributable to common shareholders per share—basic and diluted	$	(0.05	)	$	(0.47	)	$	(0.81	)	$	(0.09	)

Subsequent_events

Subsequent events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent events	'
	Note 16. Subsequent events
	Subsequent acquisitions
	From January 1, 2014 through March 7, 2014, we acquired approximately 1,863 properties with an aggregate purchase price of approximately $253,806,000. We expect that our level of acquisition activity will fluctuate based on the number of suitable investments and on the level of funds available for investment.
	Borrowings on Credit Facility
	From January 1, 2014 through March 7, 2014, the Company borrowed an additional $234,000,000 under the credit facility and made payments on the credit facility totaling $25,000,000. On March 7, 2014, the loan had an outstanding balance of $584,000,000 (see Note 5).
	Announcement of Resignation of Chief Financial Officer
	On February 17, 2014, Peter J. Nelson, Chief Financial Officer, informed us that he would resign his position with the company, after a transition period, to pursue other career interests. We have begun the process of identifying Mr. Nelson’s successor. Mr. Nelson is expected to remain with us into the second quarter to complete our year-end financial reporting and to provide for an orderly transition for his successor.

Schedule_III_Real_Estate_and_A

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2013
Real Estate And Accumulated Depreciation Disclosure [Abstract]	'
Schedule III - Real Estate and Accumulated Depreciation	'
	American Homes 4 Rent
	Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2013
	(dollars in thousands)
		Number of			Initial Cost to Company						Cost		Total Cost
		Single-									Capitalized		as of December 31, 2013
		Family									Subsequent to
		Homes									Acquisition
	Markets				Land			Buildings and			Buildings and		Land		Buildings and		Total		Accumulated			Net Cost		Date of
								Improvements			Improvements				Improvements				Depreciation			Basis		Acquisition
	Albuquerque		189		$	5,763		$	21,352		$	2,077	$	5,763	$	23,429	$	29,192	$	(292	)	$	28,900	2013
	Antelope Valley		6			212			952			230		212		1,182		1,394		(20	)		1,374	2012
	Atlanta		1,461			50,523			160,776			30,233		50,523		191,009		241,532		(4,559	)		236,973	2012-2013
	Augusta		113			3,209			12,311			1,472		3,209		13,783		16,992		(109	)		16,883	2013
	Austin		408			9,567			42,498			5,763		9,567		48,261		57,828		(775	)		57,053	2012-2013
	Bay Area		77			5,410			16,193			1,133		5,410		17,326		22,736		(370	)		22,366	2012-2013
	Boise		179			5,233			18,990			1,678		5,233		20,668		25,901		(321	)		25,580	2013
	Central Valley		174			6,786			22,149			2,199		6,786		24,348		31,134		(640	)		30,494	2012-2013
	Charleston		345			12,617			43,892			4,702		12,617		48,594		61,211		(617	)		60,594	2012-2013
	Charlotte		1,058			34,883			131,959			13,655		34,883		145,614		180,497		(2,697	)		177,800	2012-2013
	Chicago		1,519			41,146			166,935			25,226		41,146		192,161		233,307		(2,924	)		230,383	2012-2013
	Cincinnati		1,244			40,095			151,565			18,470		40,095		170,035		210,130		(2,707	)		207,423	2012-2013
	Colorado Springs		21			869			2,802			539		869		3,341		4,210		(42	)		4,168	2013
	Columbia		217			5,013			25,301			2,355		5,013		27,656		32,669		(231	)		32,438	2013
	Columbus		725			18,255			75,348			11,504		18,255		86,852		105,107		(1,272	)		103,835	2012-2013
	Dallas-Fort Worth		2,085			57,649			234,864			36,617		57,649		271,481		329,130		(4,705	)		324,425	2012-2013
	Denver		264			12,273			43,965			5,906		12,273		49,871		62,144		(947	)		61,197	2012-2013
	Fort Myers		60			1,639			8,889			801		1,639		9,690		11,329		(196	)		11,133	2012-2013
	Greensboro		356			10,710			45,731			3,980		10,710		49,711		60,421		(665	)		59,756	2013
	Greenville		380			9,576			49,740			4,437		9,576		54,177		63,753		(728	)		63,025	2013
	Hilton Head/Beaufort		61			2,389			7,153			479		2,389		7,632		10,021		(23	)		9,998	2013
	Houston		1,223			34,806			153,593			24,870		34,806		178,463		213,269		(2,815	)		210,454	2012-2013
	Indianapolis		2,021			55,289			212,430			29,258		55,289		241,688		296,977		(4,438	)		292,539	2012-2013
	Inland Empire		2			68			309			69		68		378		446		(7	)		439	2012
	Jacksonville		974			25,994			102,356			14,878		25,994		117,234		143,228		(2,589	)		140,639	2012-2013
	Knoxville		234			7,470			36,217			2,626		7,470		38,843		46,313		(512	)		45,801	2013
	Las Vegas		713			19,425			88,495			15,049		19,425		103,544		122,969		(3,149	)		119,820	2011-2013
	Memphis		139			4,722			15,431			1,260		4,722		16,691		21,413		(72	)		21,341	2013
	Miami		248			7,381			37,820			5,696		7,381		43,516		50,897		(907	)		49,990	2012-2013
	Milwaukee		127			7,466			22,253			1,994		7,466		24,247		31,713		(552	)		31,161	2013
	Nashville		994			36,408			150,345			16,201		36,408		166,546		202,954		(3,716	)		199,238	2012-2013
	Oklahoma City		90			2,539			11,550			756		2,539		12,306		14,845		(106	)		14,739	2013
	Orlando		613			17,119			73,588			11,172		17,119		84,760		101,879		(2,087	)		99,792	2012-2013
	Phoenix		962			22,327			107,771			16,979		22,327		124,750		147,077		(3,916	)		143,161	2011-2013
	Portland		205			14,284			23,792			1,474		14,284		25,266		39,550		(450	)		39,100	2013
	Raleigh		815			28,832			107,722			10,111		28,832		117,833		146,665		(1,965	)		144,700	2012-2013
	Salt Lake City		727			39,259			104,857			14,774		39,259		119,631		158,890		(2,333	)		156,557	2012-2013
	San Antonio		337			8,543			35,607			5,424		8,543		41,031		49,574		(798	)		48,776	2012-2013
	San Diego		3			107			404			109		107		513		620		(14	)		606	2012
	Savannah		111			3,070			12,235			845		3,070		13,080		16,150		(63	)		16,087	2013
	Seattle		242			11,818			34,555			3,674		11,818		38,229		50,047		(505	)		49,542	2012-2013
	Tampa		818			29,735			113,836			16,606		29,735		130,442		160,177		(3,204	)		156,973	2012-2013
	Tucson		376			7,278			36,588			6,236		7,278		42,824		50,102		(1,226	)		48,876	2011-2013
	Winston Salem		352			10,496			42,533			3,624		10,496		46,157		56,653		(633	)		56,020	2013
	Corporate overhead					109			10,469			—		109		10,469		10,578		(1,305	)		9,275
	Total		23,268		$	728,362		$	2,818,121		$	377,141	$	728,362	$	3,195,262	$	3,923,624	$	(62,202	)	$	3,861,422
	Change in Total Real estate Assets
		Years ended December 31
		2013			2012			2011
	Balance, beginning of period	$	507,845		$	3,516		$	—
	Acquistions and building improvements		3,423,903			504,329			3,516
	Dispositions		(8,124	)		—			—
	Balance, end of period	$	3,923,624		$	507,845		$	3,516
	Change in accumulated depreciation
	Years ended December 31
	2013			2012			2011
Balance, beginning of period	$	(2,132	)	$	(21	)	$	—
Depreciation		(60,254	)		(2,111	)		(21	)
Dispositions		184			—			—
Balance, end of period	$	(62,202	)	$	(2,132	)	$	(21	)

Significant_accounting_policie1

Significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis of presentation	'
	Basis of presentation
	The accompanying consolidated financial statements include the accounts of the Company, the Operating Partnership and its consolidated subsidiaries. Intercompany accounts and transactions have been eliminated. The Company consolidates real estate partnerships and other entities that are not variable interest entities when it owns, directly or indirectly, a majority interest in the entity or is otherwise able to control the entity. Ownership interests in certain consolidated subsidiaries of the Company held by outside parties are included in noncontrolling interests in the accompanying consolidated financial statements. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conjunction with the rules and regulations of the Securities and Exchange Commission (“SEC”).
Use of estimates	'
	Use of estimates
	The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income taxes	'
	Income taxes
	We have elected to be taxed as a REIT under Sections 856 to 860 of the Internal Revenue Code of 1986 (the “Code”), commencing with our taxable year ended December 31, 2012. We believe that we have operated, and continue to operate, in such a manner as to satisfy the requirements for qualification as a REIT. Accordingly, we will not be subject to federal income tax, provided that we qualify as a REIT and our distributions to our shareholders equal or exceed our REIT taxable income.
	However, qualification and taxation as a REIT depends upon our ability to meet the various qualification tests imposed under the Code related to the percentage of income that we earn from specified sources and the percentage of our earnings that we distribute. Accordingly, no assurance can be given that we will be organized or be able to operate in a manner so as to remain qualified as a REIT. If we fail to qualify as a REIT in any taxable year, we will be subject to federal and state income tax (including any applicable alternative minimum tax) on our taxable income at regular corporate tax rates, and we may be ineligible to qualify as a REIT for four subsequent tax years. Even if we qualify as a REIT, we may be subject to certain state or local income taxes, and our taxable REIT subsidiary will be subject to federal, state and local taxes on its income. Our tax returns are subject to examination in various jurisdictions for the calendar year 2012.
	We recognize tax benefits of uncertain tax positions only if it is more likely than not that the tax position will be sustained, based solely on its technical merits, with the taxing authority having full authority of all relevant information. The measurement of a tax benefit for an uncertain tax position that meets the “more likely than not” threshold is based on a cumulative probability model under which the largest amount of tax benefit recognized is the amount with a greater than 50% likelihood of being realized upon ultimate settlement with the taxing authority having full knowledge of all the relevant information. As of December 31, 2013, there were no unrecognized tax benefits. We do not anticipate a significant change in unrecognized tax benefits within the next 12 months.
Investment in real estate	'
	Investment in real estate
	Transactions in which single-family properties that are not subject to an existing lease are purchased are treated as asset acquisitions, and as such are recorded at their purchase price, including acquisition costs, which is allocated to land and building based upon their relative fair values at the date of acquisition. Single-family properties that are acquired either subject to an existing lease or as part of a portfolio level transaction are treated as a business combination under ASC 805, Business Combinations, and as such are recorded at fair value, allocated to land, building and the existing lease, if applicable, based upon their fair values at the date of acquisition, with acquisition fees and other costs expensed as incurred. Fair value is determined based on ASC 820, Fair Value Measurements and Disclosures, primarily based on unobservable data inputs. In making estimates of fair values for purposes of allocating the purchase price of individually acquired properties subject to an existing lease, the Company utilizes its own market knowledge and published market data. In this regard, the Company also utilizes information obtained from county tax assessment records to assist in the determination of the fair value of the land and building. The Company engages a third party valuation specialist to assist management in the determination of fair value for purposes of allocating the purchase price of properties acquired as part of portfolio level transactions.
	The fair value of acquired lease related intangibles is estimated based upon the costs we would have incurred to lease the property under similar terms. Such costs are capitalized and amortized over the remaining life of the lease. Acquired leases are generally short-term in nature (less than one year). We do not record intangible assets or liabilities for above or below market leases, as any such amounts are insignificant.
	The nature of our business requires that in certain circumstances we acquire single-family properties subject to existing liens. Liens that we expect to be extinguished in cash are estimated and accrued on the date of acquisition.
	We incur costs to prepare our acquired properties to be rented. These costs, along with related holding costs, are capitalized to the cost of the property during the period the property is undergoing activities to prepare it for its intended use. We capitalize interest cost as a cost of the property only during the period for which activities necessary to prepare the property for its intended use are ongoing, provided that expenditures for the property have been made and interest cost has been incurred. Upon completion of the renovation of our properties, all costs of operations, including repairs and maintenance, are expensed as incurred.
Single-family properties held for sale and discontinued operations	'
	Single-family properties held for sale and discontinued operations
	Single-family properties are classified as held for sale when they meet the applicable GAAP criteria, including but not limited to, the availability of the home for immediate sale in its present condition, the existence of an active program to locate a buyer and the probable sale of the home within one year. Single-family properties classified as held for sale are reported at the lower of their carrying value or estimated fair value less costs to sell, and are presented separately in the consolidated balance sheet.
	The results of operations of leased and operating single-family properties that have either been sold or classified as held for sale, if material, are reported in the consolidated statements of operations as discontinued operations for both current and prior periods presented through the date of applicable disposition. Gains on dispositions of single-family properties that have been in operation are included in income from discontinued operations, whereas gains on dispositions of single-family properties with no historical operating results are included in other revenues in the consolidated statements of operations.
	As of December 31, 2013, the Company had 44 single-family properties classified as held for sale. These properties did not have material historical operating results under the Company’s ownership.
Impairment of long-lived assets	'
	Impairment of long-lived assets
	We evaluate our single-family properties for impairment periodically or whenever events or circumstances indicate that their carrying amount may not be recoverable. Significant indicators of impairment may include, but are not limited to, declines in home values, rental rates and occupancy of the property and significant changes in the economy. If an impairment indicator exists, we compare the expected future undiscounted cash flows against its net carrying amount. If the sum of the estimated undiscounted cash flows is less than the net carrying amount, we would record an impairment loss for the difference between the estimated fair value of the individual property and the carrying amount of the property at that date. No material impairments have been recorded since the inception of the Company.
Leasing costs	'
	Leasing costs
	Direct and incremental costs that we incur to lease our properties are capitalized and amortized over the term of the leases, which generally have a term of one year. Prior to the Management Internalization, we paid the Property Manager a leasing fee equal to one-half of one month’s rent for each lease.
Depreciation and amortization	'
	Depreciation and amortization
	Depreciation is computed on a straight-line basis over the estimated useful lives of the buildings and improvements; buildings are depreciated over 30 years and improvements are depreciated over their estimated economic useful lives, generally five to fifteen years. We consider the value of in-place leases in the allocation of the purchase price, and amortize such amounts on a straight-line basis over the remaining terms of the leases. The unamortized portion of the value of in-place leases is included in deferred costs and other intangibles, net.
Intangible assets	'
	Intangible assets
	Intangible assets are amortized on a straight-line basis over the asset’s estimated economic life and are tested for impairment based on undiscounted cash flows and, if impaired, written down to fair value based on discounted cash flows. The identified intangible assets acquired as part of the Management Internalization (see Note 10) are being amortized over the following estimated economic lives:
			Amortizable Life
	Trademark			4.7 years
	Database			7 years
	The Company reviews finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of the estimated future cash flows expected to result from the use and eventual disposition of an asset is less than its net book value, an impairment loss is recognized. Measurement of an impairment loss is based on the fair value of an asset. No impairments have been recorded as of December 31, 2013.
Goodwill	'
	Goodwill
	Goodwill represents the fair value in excess of the tangible and separately identifiable intangible assets that were acquired as part of the Management Internalization (see Note 10). Goodwill has an indefinite life and is therefore not amortized. The Company analyzes goodwill for impairment on an annual basis pursuant to ASC 350, Intangibles – Goodwill and Other, which permits us to assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than the carrying amount as a basis to determine whether the two-step impairment test is necessary. We also have the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the first step of the two-step goodwill impairment test. The first step in the impairment test compares the fair value of the reporting unit with its carrying amount. If the carrying amount exceeds fair value, the second step is required to determine the amount of the impairment loss by comparing the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. Impairment charges, if any, are recognized in operating results. No impairments have been recorded as of December 31, 2013.
Deferred financing costs	'
	Deferred financing costs
	Financing costs related to the origination of the Company’s credit facility are deferred and amortized as interest expense on an effective interest method over the contractual term of the applicable financing, and have been included in deferred costs and other intangibles, net in the accompanying consolidated balance sheets.
Cash and cash equivalents	'
	Cash and cash equivalents
	We consider all demand deposits, cashier’s checks, money market accounts and certificates of deposit with a maturity of three months or less to be cash equivalents. We maintain our cash and cash equivalents and escrow deposits at financial institutions. The combined account balances typically exceed the Federal Deposit Insurance Corporation insurance coverage, and, as a result, there is a concentration of credit risk related to amounts on deposit. We believe that the risk is not significant.
Restricted cash	'
	Restricted cash
	Restricted cash primarily consists of funds held related to resident security deposits for leases.
Escrow deposits	'
	Escrow deposits
	Escrow deposits include refundable and non-refundable cash earnest money deposits for the purchase of properties. In addition, escrow deposits include amounts paid for single-family properties in certain states which require a judicial order when the risk and rewards of ownership of the property are transferred and the purchase is finalized.
Allowance for doubtful accounts	'
	Allowance for doubtful accounts
	We maintain an allowance for doubtful accounts for estimated losses that may result from the inability of tenants to make required rent or other payments. This allowance is estimated based on, among other considerations, payment histories, overall delinquencies and available security deposits. The Company’s allowance for doubtful accounts was $1,200,000 as of December 31, 2013. The Company did not have any allowance for doubtful accounts as of December 31, 2012.
Rescinded properties	'
	Rescinded properties
	In certain jurisdictions, our purchases of single-family properties at foreclosure and judicial auctions are subject to the right of rescission. When we are notified of a rescission, the amount of the purchase price is reclassified as a receivable. As of December 31, 2013 and 2012, rescission receivables totaled $1,257,000 and $1,612,000, respectively, and have been included in rent and other receivables, net in the accompanying consolidated balance sheets.
Revenue and expense recognition	'
	Revenue and expense recognition
	We lease single-family properties that we own directly to tenants who occupy the properties under operating leases, generally, with a term of one year. Rental revenue, net of any concessions, is recognized on a straight-line basis over the term of the lease, which is not materially different than if it were recorded when due from tenants and recognized monthly as it is earned.
	We accrue for property taxes and homeowners’ association (“HOA”) assessments based on amounts billed, and, in some circumstances, estimates and historical trends when bills or assessments are not available. The actual assessment may differ from the estimates, resulting in a change in estimate in a subsequent period.
Accrued and other liabilities	'
	Accrued and other liabilities
	Accrued and other liabilities consist primarily of trade payables, HOA fees and property tax accruals as of the end of the respective period presented. It also consists of contingent loss accruals, if any. Such losses are accrued when they are probable and estimable. When it is reasonably possible that a significant contingent loss has occurred, we disclose the nature of the potential loss and, if estimable, a range of exposure.
Share-based compensation	'
	Share-based compensation
	Our 2012 Equity Incentive Plan is accounted for under the provisions of ASC 718, Compensation—Stock Compensation, and ASC 505-50, Equity-Based Payments to Non-Employees. Noncash share-based compensation expense related to options to purchase our Class A common shares issued to members of our board of trustees is based on the fair value of the options on the grant date and amortized over the service period. Noncash share-based compensation expense related to options granted to employees of the Sponsor who were considered non-employees was based on the estimated fair value of the options and was re-measured each period. As certain of these former employees of the Sponsor became employees of the Company in connection with the Management Internalization on June 10, 2013, stock options for 485,000 Class A common shares were reclassified as grants to employees and re-measured as of the date of the Management Internalization. These options are recognized in expense over the service period.
Fair value of financial instruments	'
	Fair value of financial instruments
	Fair value is a market-based measurement, and should be determined based on the assumptions that market participants would use in pricing an asset or liability. The GAAP valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows:
		•		Level 1—Inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets;
		•		Level 2—Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; and
		•		Level 3—Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
	The carrying amount of rent and other receivables, restricted cash for resident security deposits, escrow deposits, prepaid expenses and other assets, accounts payable and accrued expenses and amounts payable to affiliates approximate fair value because of the short maturity of these amounts. As the Company’s credit facility bears variable interest at 30 day LIBOR plus 2.75% and was recently entered into on March 7, 2013 and further amended on September 30, 2013 (see Note 5), management believes the carrying value of the credit facility as of December 31, 2013 reasonably approximates fair value, which has been estimated by discounting future cash flows at market rates (Level 2). The Company’s contingently convertible series E units liability and preferred shares derivative liability are the only financial instruments recorded at fair value on a recurring basis within our consolidated financial statements (see Note 14).
Allocated general and administrative expense	'
	Allocated general and administrative expense
	Allocated general and administrative expense represents general and administrative expenses incurred by our Sponsor that are either clearly applicable to or have been reasonably allocated to the operations of the properties contributed by our Sponsor in connection with 2012 Offering and the 2,770 Property Contribution. In making these allocations, we have considered the guidance of SEC Staff Accounting Bulletin Topic 1B. We have allocated expenses for each operating division of our Sponsor based on an allocation methodology we believe is reasonable for such operating division. Allocations have been based on the estimated portion of our Sponsor’s overall activity associated with the properties contributed by our Sponsor in connection with the 2012 Offering and the 2,770 Property Contribution. In general, the operating metric utilized in making these allocations was the number of single-family properties. Allocated general and administrative expenses were $993,000, $6,949,000 and $47,000 for the years ended December 31, 2013 and 2012 and for the period from June 23, 2011 to December 31, 2011, respectively, and includes salaries, rent, consulting services, travel expenses, temporary services, and accounting and legal services. Management believes that the allocation methodology used to allocate general and administrative expense for the years ended December 31, 2013, 2012, and the period from June 23, 2011 to December 31, 2011 results in a reasonable estimate for allocated general and administrative expense.
Segment reporting	'
	Segment reporting
	Under the provision of ASC 280, Segment Reporting, the Company has determined that it has one reportable segment with activities related to acquiring, renovating, leasing and operating single-family homes as rental properties. The Company’s properties are geographically dispersed and management evaluates operating performance at the market level. The Company did not have any geographic market concentrations representing over 10% of total net book value of single-family properties.
Recently issued and adopted accounting standards	'
	Recently issued and adopted accounting standards
	In July 2012, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2012-02, “Testing Indefinite-Lived Intangible Assets for Impairment.” The revised standard is intended to reduce the cost and complexity of testing indefinite-lived intangible assets other than goodwill for impairment by providing entities with an option to perform a “qualitative” assessment to determine whether further impairment testing is necessary. The adoption of this guidance on January 1, 2013 did not have a material impact on the Company’s financial statements.
	In July 2013, the FASB issued ASU No. 2013-10, which permits the Fed Funds Effective Swap Rate, also referred to as the “Overnight Index Swap Rate,” to be used as a U.S. benchmark interest rate for hedge accounting purposes under Topic 815, in addition to the U.S. government and London Interbank Offered Rate (“LIBOR”) swap rate. The update also removes the restriction on the use of different benchmark rates for similar hedges. This ASU was applicable to us for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013 and did not have a material impact on the Company’s financial statements.

Significant_accounting_policie2

Significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Amortization of Intangible Assets Estimated Economic Lives	'
	The identified intangible assets acquired as part of the Management Internalization (see Note 10) are being amortized over the following estimated economic lives:
		Amortizable Life
	Trademark	4.7 years
	Database	7 years

Singlefamily_properties_Tables

Single-family properties (Tables)	12 Months Ended
	Dec. 31, 2013
Real Estate [Abstract]	'
Schedule of Single-Family Properties	'
	Single-family properties, net, consists of the following as of December 31, 2013 and 2012 (dollars in thousands):
		December 31, 2013
		Number of		Net book value
		properties
	Leased single-family properties		17,328	$	2,914,947
	Single-family properties being renovated		2,744		393,975
	Vacant single-family properties available for lease		3,152		545,931
	Single-family properties held for sale		44		6,569
	Total		23,268	$	3,861,422
		December 31, 2012
		Number of		Net book value
		properties
	Leased single-family properties		1,164	$	158,068
	Single-family properties being renovated		1,857		261,136
	Vacant single-family properties available for lease		623		86,509
	Total		3,644	$	505,713
Summary of Future Minimum Rental Revenues	'
	Future minimum rental revenues under leases existing on our properties as of December 31, 2013 are as follows (in thousands):
	Year	December 31, 2013
	2014	$	174,319
	2015		7,802
	2016		35
	Total	$	182,156

Deferred_costs_and_other_intan1

Deferred costs and other intangibles (Tables)	12 Months Ended
	Dec. 31, 2013
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]	'
Deferred Costs and Other Intangibles	'
	Deferred costs and other intangibles, net, consists of the following as of December 31, 2013 (in thousands):
		December 31, 2013
	Deferred leasing costs	$	12,526
	Deferred financing costs		12,147
	Intangible assets:
	Value of in-place leases		6,085
	Trademark		3,100
	Database		2,100
			35,958
	Less: accumulated amortization		(15,385	)
	Total	$	20,573
Amortization Expense Related to Deferred Costs and Other Intangibles	'
	The following table sets forth the estimated annual amortization expense related to deferred costs and other intangibles, net as of December 31, 2013 for future periods (in thousands):
	Year	Deferred			Deferred		Value of		Trademark		Database
		Leasing			Financing		In-place
		Costs			Costs		Leases
	2014	$	6,081		$	2,322	$	1,353	$	660	$	300
	2015		2			2,321		—		660		300
	2016		—			2,328		—		660		300
	2017		—			986		—		660		300
	2018		—			517		—		91		300
	Thereafter		—			—		—		—		432
	Total	$	6,083		$	8,474	$	1,353	$	2,731	$	1,932

Debt_Tables

Debt (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Amortization of Deferred Financing Costs and Capitalized Interest	'
	The following table outlines our gross interest, including unused commitment and other fees and amortization of deferred financing costs, and capitalized interest for the year ended December 31, 2013 (in thousands):
		Year ended
		December 31, 2013
	Gross interest cost	$	10,016
	Capitalized interest		9,646
	Interest expense	$	370

Accounts_payable_and_accrued_e1

Accounts payable and accrued expenses (Tables)	12 Months Ended
	Dec. 31, 2013
Payables And Accruals [Abstract]	'
Schedule of Accounts Payable and Accrued Expenses	'
	The following table summarizes accounts payable and accrued expenses as of December 31, 2013 and 2012 (in thousands):
		December 31, 2013		December 31, 2012
	Accounts payable	$	901	$	259
	Accrued property taxes		28,240		4,760
	Other accrued liabilities		21,538		1,473
	Accrued distribution payable		9,274		—
	Accrued construction liabilities		16,917		3,059
	Resident security deposits		26,527		1,731
	Total	$	103,397	$	11,282

Shareholders_equity_Tables

Shareholders' equity (Tables)	12 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Summary of Stock Option Activity under Plan	'
	The following table summarizes stock option activity under the Plan for the years ended December 31, 2013 and 2012:
		Year ended December 31,
		2013					2012
		Stock Options			Weighted Average		Stock Options		Weighted Average
					Exercise Price				Exercise Price
	Outstanding at beginning of the year		700,000		$	15		—	$	—
	Granted		550,000			16.03		700,000		15
	Exercised		—			—		—		—
	Forfeited		(60,000	)		15		—		—
	Outstanding at end of the year		1,190,000		$	15.48		700,000	$	15
	Exercisable at end of the year		160,000		$	15		—	$	—
Summary of Black-Scholes Option Pricing Model Inputs used for Valuation of Stock Options Outstanding	'
	The following table summarizes the Black-Scholes Option Pricing Model inputs used for valuation of the stock options for Class A common shares issued during the year ended December 31, 2013:
	Weighted average fair value	$	4.75
	Weighted average remaining life (years)		9.9
	Expected term (years)		7
	Dividend Yield		3	%
	Volatility		38	%
	Risk-free interest rate		1.98	%

Contributions_by_our_Sponsor_T

Contributions by our Sponsor (Tables) (Sponsor [Member])	12 Months Ended
	Dec. 31, 2013
Sponsor [Member]	'
Summary of Net Assets and Historical Net Loss of Single-Family Properties Acquired by Sponsor	'
	The following table summarizes the net assets and historical net loss of the 2,770 single-family properties based on the dates such properties were acquired by our Sponsor through the date of the 2,770 Property Contribution (in thousands, except number of properties):
		Period from			Period from			Total as of
		June 23, 2011 to			January 1, 2013 to			February 28, 2013
		December 31, 2012			February 28, 2013			(transaction date)
	Number of properties		2,661			109			2,770
	Single family properties	$	365,937		$	20,563		$	386,500
	Other assets		7,203			(2,086	)		5,117
	Other liabilities		(8,183	)		558			(7,625	)
	Net assets contributed	$	364,957		$	19,035		$	383,992
	Rents from single family properties	$	4,413		$	3,720		$	8,133
	Property operating expenses		(3,326	)		(1,920	)		(5,246	)
	Depreciation		(2,021	)		(1,324	)		(3,345	)
	Allocated general and administrative expenses		(6,996	)		(993	)		(7,989	)
	Net loss	$	(7,930	)	$	(517	)	$	(8,447	)
	Contributed net assets and net loss	$	372,887		$	19,552		$	392,439

Acquisitions_and_Dispositions_

Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2013
Schedule of Carrying Value and Estimated Fair Value of Company's Class B Interest in RJ LLC	'
	The following table summarizes the carrying value and estimated fair value of the Company’s Class B interest in RJ LLC as of June 14, 2013 and the resulting gain on remeasurement of approximately $10.9 million, which has been recognized in the accompanying consolidated statements of operations (in thousands):
	Fair value of existing Class B interest		$	7,615
	Carrying value of Class B interest			(3,330	)
	Gain on remeasurement of equity method investment		$	10,945
Schedule of Total Revenues and Net Income Attributable to Acquisitions	'
	The following table presents the total revenues and net income attributable to the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction that are included in our consolidated statement of operations from the respective transaction dates through December 31, 2013 (in thousands):
			Management			Alaska Joint			2013 RJ
			Internalization (1)			Venture			Transaction
						Acquisition
			Period from			Period from			Period from
			June 10,			June 11,			June 14,
			2013 to			2013 to			2013 to
			December 31,			December 31,			December 31,
			2013			2013			2013
	Total revenues		$	1,502		$	38,054		$	2,723
	Net (loss) / income		$	(26,179	)	$	2,256		$	52
	-1	Total revenues and net loss attributable to the Management Internalization does not reflect the benefit of eliminating approximately $24,000,000 in advisory management and property management fees that would have otherwise been paid to the Sponsor after the date of the Management Internalization.
Schedule of Company's Supplemental Consolidated Pro Forma Total Revenues and Net Income	'
	The following table presents the Company’s supplemental consolidated pro forma total revenues and net income as if the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction had occurred on January 1, 2012 (in thousands):
			Year ended December 31,						Period from
									June 23, 2011 to
			2013			2012			December 31, 2011
	Pro forma total revenues (1)		$	160,485		$	11,018		$	65
	Pro forma net loss (1)		$	(24,235	)	$	(13,130	)	$	(42	)
	-1	This unaudited pro forma supplemental information does not purport to be indicative of what the Company’s operating results would have been had the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction occurred on January 1, 2012.
Management Internalization [Member]	'
Schedule of Estimated Fair Values of Assets Acquired	'
	The following table summarizes the estimated fair values of the assets acquired as part of the Management Internalization as of the date of acquisition (in thousands):
	Buildings and improvements		$	4,214
	Identified intangible assets:
	Trademark			3,100
	Database			2,100
	Goodwill			120,655
	Fair value of acquired assets		$	130,069
Alaska Joint Venture Acquisition [Member]	'
Schedule of Estimated Fair Values of Assets Acquired	'
	The following table summarizes the estimated fair values of the assets acquired as part of the Alaska Joint Venture Acquisition in accordance with ASC 805, Business Combinations, as of the date of acquisition (in thousands):
	Land		$	156,648
	Building and improvements			740,396
	Receivable for net cash flows prior to acquisition date			1,896
	Value of in-place leases			5,547
	Fair value of acquired assets		$	904,487
RJ LLC [Member]	'
Schedule of Estimated Fair Values of Assets Acquired	'
	The following table summarizes the estimated fair values of the net assets of RJ LLC, RJ1 and RJ2 that the Company gained control over on June 14, 2013 and the associated 67% noncontrolling interest held by the RJ1 Investors and RJ2 Investors in RJ1 and RJ2, respectively (in thousands):
	Land		$	10,340
	Building and improvements			54,123
	Value of in-place leases			539
	Cash and cash equivalents			1,128
	Other current assets and liabilities, net			(311	)
	Note payable			(7,600	)
	Noncontrolling interest			(39,321	)
	Fair value of acquired net assets		$	18,898

Earnings_per_share_Tables

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Computation of Net Loss per Share on Basic and Diluted Basis	'
	The following table reflects the computation of net loss per share on a basic and diluted basis for the years ended December 31, 2013 and 2012 (in thousands, except share information):
		Years ended December 31,						Period from
								June 23, 2011 to
		2013			2012			December 31, 2011
	Income / loss (numerator):
	Loss from continuing operations	$	(20,074	)	$	(10,236	)	$	(42	)
	Income from discontinued operations		1,008			—			—
	Noncontrolling interest		13,245			—			—
	Dividends on preferred shares		1,160			—			—
	Conversion of preferred units		10,456			—			—
	Net loss attributable to common shareholders	$	(43,927	)	$	(10,236	)	$	(42	)
	Weighted-average shares (denominator):
	Class A common shares issued in formation transactions		3,301,000			3,301,000			3,301,000
	Class B common shares issued in formation transactions		667			667			667
	Class A common shares issued in 2012 Offering		35,362,998			3,923,845			—
	Class A common shares issued in 2013 Offering		37,502,997			—			—
	Class B common shares issued in connection with 2,770 Property Contribution		533,598			—			—
	Class A common shares issued to members of board of trustees		6,802			—			—
	Class A common shares issued in settlement of subscription agreement		309,708			—			—
	Class A common shares issued in connection with Alaska Joint Venture Acquisition		24,373,470			—			—
	Class A common shares issued in connection with IPO		17,888,799			—			—
	Class A common shares issued in connection with 2013 Concurrent Private Placements		1,900,685			—			—
	Class A common shares issued in connection with IPO over-allotment exercise		2,411,362			—			—
	Total weighted-average shares		123,592,086			7,225,512			3,301,667
	Net loss per share- basic and diluted:
	Loss from continuing operations	$	(0.37	)	$	(1.42	)	$	(0.01	)
	Income from discontinued operations		0.01			—			—
	Net loss per share- basic and diluted	$	(0.36	)	$	(1.42	)	$	(0.01	)

Commitments_and_contingencies_

Commitments and contingencies (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments And Contingencies Disclosure [Abstract]	'
Schedule of Future Lease Obligations under Operating Leases	'
	Future lease obligations under our operating leases as of December 31, 2013, were as follows (in thousands):
	Year Ending December 31,	Amount
	2014	$	1,741
	2015		1,760
	2016		1,540
	2017		824
	2018		105
	Thereafter		—
		$	5,970

Fair_Value_Tables

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value of Contingently Convertible Series E Units Liability and Preferred Shares Derivative Liability	'
	The following table sets forth the fair value of the contingently convertible series E units liability and preferred shares derivative liability as of December 31, 2013 (in thousands):
				December 31, 2013
	Description	Total		Quoted Prices in		Significant Other		Significant
				Active Markets		Observable Inputs		Unobservable
				for Identical		(Level 2)		Inputs
				Assets				(Level 3)
				(Level 1)
	Contingently convertible Series E units liability	$	66,938	$	—	$	—	$	66,938
	Preferred shares derivative liability	$	28,150	$	—	$	—	$	28,150
Changes in Fair Value of Contingently Convertible Series E Units Liability and Preferred Shares Derivative Liability	'
	The following table presents changes in the fair value of the contingently convertible series E units liability and preferred shares derivative liability, which are measured on a recurring basis, with changes in fair value recognized in remeasurement in Series E units and remeasurement of preferred shares, respectively, in the accompanying consolidated statements of operations, for the year ended December 31, 2013 (in thousands):
	Description	January 1, 2013		Issuances		Remeasurement		December 31, 2013
						included in earnings
	Contingently convertible Series E units liability	$	—	$	64,881	$	2,057	$	66,938
	Preferred shares derivative liability	$	—	$	26,340	$	1,810	$	28,150

Quarterly_financial_informatio1

Quarterly financial information (Tables)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Summarized Quarterly Financial Data	'
	The following table presents summarized quarterly financial data for the years ended December 31, 2013 and 2012 (in thousands, except per share information):
		Quarter
		First			Second			Third			Fourth
	2013
	Rents from single-family properties	$	6,495		$	17,020		$	47,364		$	61,843
	Net income / (loss)	$	(6,857	)	$	1,123		$	(3,861	)	$	(9,471	)
	Net loss attributable to common shareholders	$	(7,752	)	$	(13,997	)	$	(7,659	)	$	(14,519	)
	Net loss attributable to common shareholders per share—basic and diluted	$	(0.16	)	$	(0.15	)	$	(0.05	)	$	(0.08	)
		Quarter
		First			Second			Third			Fourth
	2012
	Rents from single-family properties	$	96		$	184		$	983		$	3,277
	Net loss	$	(164	)	$	(1,566	)	$	(2,675	)	$	(5,831	)
	Net loss attributable to common shareholders	$	(164	)	$	(1,566	)	$	(2,675	)	$	(5,831	)
	Net loss attributable to common shareholders per share—basic and diluted	$	(0.05	)	$	(0.47	)	$	(0.81	)	$	(0.09	)

Organization_and_operations_Ad

Organization and operations - Additional Information (Detail) (USD $)

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

3 Months Ended

1 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Mar. 31, 2013

Dec. 31, 2013

Aug. 31, 2013

Aug. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Oct. 31, 2013

Dec. 31, 2013

Jun. 10, 2013

Jun. 10, 2013

Dec. 31, 2012

State

Property

2012 Offering [Member]

2012 Offering [Member]

2013 Offering [Member]

2013 Offering [Member]

IPO [Member]

2013 Concurrent Private Placements [Member]

Series A and Series B Preferred Shares [Member]

Series A Preferred Shares [Member]

Series A Preferred Shares [Member]

Series B Preferred Shares [Member]

Operating Partnership [Member]

Operating Partnership [Member]

Sponsor [Member]

Property

Property

Property

Series D Convertible Units [Member]

Series E Convertible Units [Member]

2012 Offering [Member]

Schedule Of Description Of Business [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties

23,268

3,644

367

367

'

'

'

'

'

'

'

'

'

'

'

Number of states

22

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from offering before fees

'

'

$530,413,000

'

$747,500,000

'

$811,764,000

$75,000,000

$226,500,000

'

'

'

'

'

$5,307,000

Fees associated with the sale of stock

13,904,000

'

40,928,000

40,928,000

44,003,000

85,984,000

41,981,000

'

'

'

'

'

'

'

'

Offering costs

'

'

'

'

'

'

'

'

$13,904,000

'

$7,319,000

$6,585,000

'

'

'

Sale of stock, number of shares issued

'

'

'

'

'

'

'

'

'

5,060,000

'

4,000,000

'

'

'

Preferred Shares dividend rate

5.00%

'

'

'

'

'

'

'

'

5.00%

'

5.00%

'

'

'

Issuance of units

'

'

'

'

'

'

'

'

'

'

'

'

4,375,000

4,375,000

'

Significant_accounting_policie3

Significant accounting policies - Additional Information (Detail) (USD $)

6 Months Ended

12 Months Ended

0 Months Ended

6 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Feb. 28, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Segment

Property

2,770 Property Contribution [Member]

2012 Offering [Member]

2012 Offering [Member]

2012 Offering [Member]

2012 Offering [Member]

Senior Secured Revolving Credit Facility [Member]

Single-Family Properties Held for Sale [Member]

Class A Common Shares [Member]

Improvements [Member]

Improvements [Member]

Buildings [Member]

Property

Property

Property

2,770 Property Contribution [Member]

2,770 Property Contribution [Member]

2,770 Property Contribution [Member]

Property

Minimum [Member]

Maximum [Member]

Property Subject to or Available for Operating Lease [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of likelihood of being realized upon ultimate settlement

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

Unrecognized tax benefits

'

$0

'

'

'

'

'

'

'

'

'

'

'

'

Acquired leases term

'

'Less than one year

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties

'

23,268

3,644

2,770

367

'

'

'

'

44

'

'

'

'

Long-lived assets, impairment charge

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Lease amortization period

'

'1 year

'

'

'

'

'

'

'

'

'

'

'

'

Estimated useful life of asset

'

'

'

'

'

'

'

'

'

'

'

'5 years

'15 years

'30 years

Impairment of intangible assets

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill and other intangible assets, impairment

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Maturity period for demand deposits, cashier's checks, money market accounts and certificates of deposit to be cash equivalents

'

'Three months or less

'

'

'

'

'

'

'

'

'

'

'

'

Allowance for doubtful accounts

'

1,200,000

0

'

'

'

'

'

'

'

'

'

'

'

Rescission receivables

'

1,257,000

1,612,000

'

'

'

'

'

'

'

'

'

'

'

Term of lease

'

'1 year

'

'

'

'

'

'

'

'

'

'

'

'

Stock options reclassified as grants to employees

'

'

'

'

'

'

'

'

'

'

485,000

'

'

'

Debt instrument, basis spread on variable rate

'

'

'

'

'

'

'

'

2.75%

'

'

'

'

'

Debt instrument variable interest rate, description

'

'

'

'

'

'

'

'

'30 day LIBOR plus

'

'

'

'

'

Debt instrument, description of variable rate basis

'

'

'

'

'

'

'

'

'Company's credit facility bears variable interest at 30 day LIBOR plus 2.75% and was recently entered into on March 7, 2013 and further amended on September 30, 2013

'

'

'

'

'

Allocated general and administrative expenses

$47,000

$8,845,000

$7,199,000

$7,989,000

'

$47,000

$993,000

$6,949,000

'

'

'

'

'

'

Number of reportable segments

'

1

'

'

'

'

'

'

'

'

'

'

'

'

Geographic market concentrations

'

'The Company did not have any geographic market concentrations representing over 10% of total net book value of single-family properties.

'

'

'

'

'

'

'

'

'

'

'

'

Significant_accounting_policie4

Significant accounting policies - Amortization of Intangible Assets Estimated Economic Lives (Detail)	12 Months Ended
	Dec. 31, 2013
Trademark [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
Amortizable Life	'4 years 8 months 12 days
Database [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
Amortizable Life	'7 years

Singlefamily_properties_Schedu

Single-family properties - Schedule of Single-Family Properties (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Property	Property
Property Subject to or Available for Operating Lease [Line Items]	'	'
Number of properties	23,268	3,644
Net book value	$3,861,422	$505,713
Single-Family Properties Being Renovated [Member]	'	'
Property Subject to or Available for Operating Lease [Line Items]	'	'
Number of properties	2,744	1,857
Net book value	393,975	261,136
Leased Single-Family Properties [Member]	'	'
Property Subject to or Available for Operating Lease [Line Items]	'	'
Number of properties	17,328	1,164
Net book value	2,914,947	158,068
Vacant Single-Family Properties Available for Lease [Member]	'	'
Property Subject to or Available for Operating Lease [Line Items]	'	'
Number of properties	3,152	623
Net book value	545,931	86,509
Single-Family Properties Held for Sale [Member]	'	'
Property Subject to or Available for Operating Lease [Line Items]	'	'
Number of properties	44	'
Net book value	$6,569	'

Singlefamily_properties_Additi

Single-family properties - Additional Information (Detail) (USD $)	6 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Property Subject to or Available for Operating Lease [Line Items]	'	'	'
Net book value	'	$3,861,422,000	$505,713,000
Term of the non-cancelable lease agreements	'	'1 year	'
Recorded Grant Deed of Trust Not Received [Member]	'	'	'
Property Subject to or Available for Operating Lease [Line Items]	'	'	'
Net book value	'	120,645,000	131,819,000
Single-Family Properties [Member]	'	'	'
Property Subject to or Available for Operating Lease [Line Items]	'	'	'
Depreciation expense	$21,000	$60,254,000	$2,111,000

Singlefamily_properties_Summar

Single-family properties - Summary of Future Minimum Rental Revenues (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Property Plant And Equipment Useful Life And Values [Abstract]	'
2014	$174,319
2015	7,802
2016	35
Total	$182,156

Deferred_costs_and_other_intan2

Deferred costs and other intangibles - Deferred Costs and Other Intangibles (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Acquired Indefinite-lived Intangible Assets [Line Items]	'
Deferred leasing costs	$12,526
Deferred financing costs	12,147
Intangible assets:	'
Intangible assets	35,958
Less: accumulated amortization	-15,385
Total	20,573
Value of In-place Leases [Member]	'
Intangible assets:	'
Intangible assets	6,085
Total	1,353
Trademark [Member]	'
Intangible assets:	'
Intangible assets	3,100
Total	2,731
Database [Member]	'
Intangible assets:	'
Intangible assets	2,100
Total	$1,932

Deferred_costs_and_other_intan3

Deferred costs and other intangibles - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]	'
Amortization expense	$10,733,000
Amortization of deferred financing costs	$3,672,000

Deferred_costs_and_other_intan4

Deferred costs and other intangibles - Amortization Expense Related to Deferred Costs and Other Intangibles (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets [Line Items]	'
Total	$20,573
Value of In-place Leases [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
2014	1,353
2015	'
2016	'
2017	'
2018	'
Thereafter	'
Total	1,353
Trademark [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
2014	660
2015	660
2016	660
2017	660
2018	91
Thereafter	'
Total	2,731
Database [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
2014	300
2015	300
2016	300
2017	300
2018	300
Thereafter	432
Total	1,932
Deferred Leasing Costs [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
2014	6,081
2015	2
2016	'
2017	'
2018	'
Thereafter	'
Total	6,083
Deferred Financing Costs [Member]	'
Finite-Lived Intangible Assets [Line Items]	'
2014	2,322
2015	2,321
2016	2,328
2017	986
2018	517
Thereafter	'
Total	$8,474

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Aug. 06, 2013	Dec. 31, 2013	Sep. 30, 2013	Mar. 07, 2013	Dec. 31, 2013	Jun. 06, 2013	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2013
			Senior Secured Revolving Credit Facility [Member]	Senior Secured Revolving Credit Facility [Member]	Senior Secured Revolving Credit Facility [Member]	Senior Secured Revolving Credit Facility [Member]	Senior Secured Revolving Credit Facility [Member]	Senior Secured Revolving Credit Facility [Member]	Senior Secured Revolving Credit Facility [Member]	Senior Secured Revolving Credit Facility [Member]	Senior Secured Revolving Credit Facility [Member]
							Maximum [Member]	Temporary Increase Credit Facility [Member]	Extend Repayment Period [Member]	Until March 2017 [Member]	March 2017 and Thereafter [Member]
Proforma Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Credit facility amount	'	'	'	'	'	$500,000,000	'	'	'	'	'
Credit facility amount, maximum	500,000,000	'	'	'	800,000,000	'	'	1,000,000,000	'	'	'
Borrowings outstanding	'	'	840,000,000	375,000,000	'	'	'	'	'	'	'
Proceeds from initial public offering	'	'	716,000,000	'	'	'	'	'	'	'	'
Expiration of credit facility period	'	'	'	7-Mar-15	'	'	'	'	30-Sep-18	'	'
Percentage of amount borrowed based on credit facility	'	'	'	50.00%	'	'	'	'	'	'	'
Debt instrument, description of variable rate	'	'	'	'30 day LIBOR plus	'	'	'	'	'	'30 day LIBOR	'30 day LIBOR
Debt instrument, basis spread on variable rate	'	'	'	2.75%	'	'	'	'	'	2.75%	3.13%
Debt instrument interest rate description	'All borrowings under the credit facility bear interest at 30 day LIBOR plus 2.75% until March 2017, and thereafter at 30 day LIBOR plus 3.125%.	'	'	'	'	'	'	'	'	'	'
Cash and cash equivalents and borrowing capacity	'	'	'	15,000,000	'	'	'	'	'	'	'
Cash and cash equivalents	$148,989,000	$397,198,000	'	$7,500,000	'	'	'	'	'	'	'
Tangible net worth, minimum percentage	'	'	'	'	85.00%	'	'	'	'	'	'
Maximum leverage ratio	'	'	'	'	'	'	1	'	'	'	'
Percentage of proceeds from additional equity capital	'	'	'	85.00%	'	'	'	'	'	'	'

Debt_Amortization_of_Deferred_

Debt - Amortization of Deferred Financing Costs and Capitalized Interest (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Gross interest cost	$10,016
Capitalized interest	9,646
Interest expense	$370

Accounts_payable_and_accrued_e2

Accounts payable and accrued expenses - Schedule of Accounts Payable and Accrued Expenses (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Payables And Accruals [Abstract]	'	'
Accounts payable	$901	$259
Accrued property taxes	28,240	4,760
Other accrued liabilities	21,538	1,473
Accrued distribution payable	9,274	'
Accrued construction liabilities	16,917	3,059
Resident security deposits	26,527	1,731
Total	$103,397	$11,282

Shareholders_equity_Additional

Shareholders' equity - Additional Information (Detail) (USD $)

12 Months Ended

1 Months Ended

1 Months Ended

2 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Nov. 30, 2013

Aug. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Mar. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Nov. 30, 2013

Oct. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Jan. 31, 2014

Minimum [Member]

Maximum [Member]

2013 Offering [Member]

2012 Offering [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Series A Preferred Shares [Member]

Series A Preferred Shares [Member]

Series A Preferred Shares [Member]

Class A Units [Member]

Class A Units [Member]

Class A Units [Member]

Class A Units [Member]

Series B Preferred Shares [Member]

Series B Preferred Shares [Member]

Series B Preferred Shares [Member]

Sponsor [Member]

Sponsor [Member]

2013 Offering [Member]

2012 Offering [Member]

Vote

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Operating Partnership [Member]

Operating Partnership [Member]

Subsequent Events [Member]

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common shares sold

'

'

'

'

'

'

'

'

'

46,718,750,000

35,360,898,000

'

'

'

'

'

'

'

'

'

'

'

'

Common shares sold in connection with the IPO

'

'

'

'

'

'

55,422,794

'

'

'

'

'

'

'

'

5,060,000

'

'

'

'

'

4,000,000

'

Dividend payable per share

'

'

'

'

'

$0.05

'

'

'

'

'

'

'

$0.23

'

'

'

'

'

'

'

'

'

Dividend payable date

'

'

'

'

'

10-Jan-14

'

'

'

'

'

'

'

31-Dec-13

'

'

'

'

'

'

'

'

'

Dividend record date

'

'

'

'

'

15-Dec-13

'

'

'

'

'

'

'

15-Dec-13

'

'

'

'

'

'

'

'

'

Dividend payable, amount

'

'

'

'

'

$9,274,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued in connection with investment

'

'

'

'

'

'

'

'

'

'

'

'

635,075

'

'

'

'

'

'

'

'

'

'

Common shares entitled to vote

'

'

'

'

'

'

'

'

'

'

'

50

'

'

'

'

'

'

'

'

'

'

'

Voting interest

'

'

'

30.00%

30.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cumulative annual cash dividend rate

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

5.00%

'

Liquidation preference per share

$25

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock redemption features

'Any time between September 30, 2017 and September 30, 2020 (the "initial redemption period"), the Company has the option to redeem the Preferred Shares for cash or Class A common shares, at a redemption price equal to the initial liquidation preference, adjusted by an amount equal to 50% of the cumulative change in value of an index based on the purchase prices of single-family properties located in our top 20 markets (the "HPA adjustment").

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Initial redemption period

'

30-Sep-17

30-Sep-20

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, cumulative change in value of index based on purchase prices of single-family properties

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, maximum internal rate of return considering initial liquidation liquidation preference

9.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in cumulative annual cash dividend rate

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale of preferred stock, value

212,596,000

'

'

'

'

'

'

'

'

'

'

'

'

'

126,500,000

'

'

'

'

'

110,000,000

'

110,000,000

Offering costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,319,000

'

'

'

'

'

$6,585,000

$6,585,000

$6,585,000

Sale of preferred stock, shares

9,060,000

'

'

'

'

'

'

'

'

'

'

'

'

'

5,060,000

'

'

'

'

'

4,400,000

4,400,000

4,400,000

Percentage of units outstanding

'

'

'

'

'

'

'

3.70%

8.50%

'

'

'

'

'

'

'

'

'

93.10%

99.90%

'

'

'

Units outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,787,292

32,668

199,291,586

38,697,333

'

'

'

Stock split conversion ratio

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

'

'

'

'

Shareholders_equity_Additional1

Shareholders' equity - Additional Information 1 (Detail) (Operating Partnership [Member], USD $)	12 Months Ended
	Dec. 31, 2013
Series D Convertible Units [Member]	'
Class of Stock [Line Items]	'
Units outstanding	4,375,000
Stock split conversion ratio	1
Closing price per share	$18
Series D Convertible Units [Member] | Scenario One, Over Four Consecutive Quarters [Member]	'
Class of Stock [Line Items]	'
Adjusted funds from operations per common share	$0.80
Series D Convertible Units [Member] | Scenario Two, Two Consecutive Quarters [Member]	'
Class of Stock [Line Items]	'
Units distribution percentage	70.00%
Series E Convertible Units [Member]	'
Class of Stock [Line Items]	'
Units outstanding	4,375,000
Stock split conversion ratio	1
Annualized EBITDA Contribution	$14,000,000
Series E Convertible Units [Member] | Scenario Three, Measurement Period [Member]	'
Class of Stock [Line Items]	'
EBITDA contribution	28,000,000
Series C Convertible Units [Member]	'
Class of Stock [Line Items]	'
Percentage of Property Contribution	3.90%
Percentage of scheduled rents	98.00%
Property Contributions price per unit	$15.50
Units outstanding	31,085,974
Dividend payable, amount	$4,698,000

Shareholders_equity_Additional2

Shareholders' equity - Additional Information 2 (Detail) (USD $)

12 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Jun. 14, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Jun. 14, 2013

Jun. 14, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Jun. 14, 2013

Feb. 28, 2014

Feb. 28, 2014

Apr. 30, 2013

Apr. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Consolidated Subsidiaries [Member]

2012 Equity Incentive Plan [Member]

2012 Equity Incentive Plan [Member]

3.5% Convertible Perpetual Preferred Units [Member]

3.5% Convertible Perpetual Preferred Units [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Units [Member]

Class A Units [Member]

Class A Units [Member]

Class A Units [Member]

Series C Convertible Units [Member]

Series C Convertible Units [Member]

Series D Convertible Units [Member]

Preferred Units [Member]

Operating Partnership [Member]

Operating Partnership [Member]

2012 Equity Incentive Plan [Member]

2012 Equity Incentive Plan [Member]

Equity Option [Member]

Equity Option [Member]

Equity Option [Member]

Subscription Agreement [Member]

Subscription Agreement [Member]

Operating Partnership [Member]

Subsequent Events [Member]

Subsequent Events [Member]

Maximum [Member]

Minimum [Member]

Operating Partnership [Member]

Operating Partnership [Member]

Operating Partnership [Member]

Operating Partnership [Member]

2012 Equity Incentive Plan [Member]

2012 Equity Incentive Plan [Member]

2012 Equity Incentive Plan [Member]

Option One [Member]

2012 Equity Incentive Plan [Member]

2012 Equity Incentive Plan [Member]

2012 Equity Incentive Plan [Member]

Board of Trustees [Member]

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred units issued

'

'

653,492

'

'

'

653,492

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Rate of Preferred units

'

'

'

'

'

'

3.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Annual distribution

'

'

'

'

'

'

$0.53

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred units outstanding

'

'

'

'

'

'

'

653,492

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of interest held

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.90%

0.10%

'

'

'

'

'

'

Units outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

199,291,586

38,697,333

'

31,085,974

4,375,000

'

Preferred Units converted into Class A units

'

'

'

'

'

'

'

'

653,492

'

'

'

'

'

'

'

'

'

653,492

'

'

'

'

'

'

'

'

'

'

'

'

Noncontrolling interest

$13,245

'

'

$58,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,760,000

'

'

'

$14,906,000

'

'

$157,000

Issuance of common shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

434,783

3,333,334

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate purchase price of shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price per share

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$17.25

$15

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares under the plan

'

'

'

'

'

'

'

'

'

'

650,000

'

1,500,000

'

'

'

'

'

'

'

'

6,000,000

1,500,000

'

'

'

'

'

'

'

'

Plan termination date

'

'

'

'

'November 2022

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock options granted

'

'

'

'

'

50,000

'

'

'

485,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vesting period

'

'

'

'

'

'4 years

'

'

'

'

'

'4 years

'4 years

'

'

'

'

'

'

'

'4 years

'

'

'

'

'

'

'

'

'

'

Expiration period of options

'

'

'

'

'

'10 years

'

'

'

'

'

'10 years

'10 years

'

'

'

'

'

'

'

'10 years

'

'

'

'

'

'

'

'

'

'

Issuance of shares under the plan

550,000

700,000

'

'

'

'

'

'

'

550,000

'

485,000

'

'

'

'

'

'

'

940,000

'

'

'

'

'

'

'

'

'

'

'

Stock options cancelled

60,000

'

'

'

'

'

'

'

'

'

'

60,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Options, Exercised

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted stock units

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

92,000

'

'

'

'

'

'

'

'

'

'

Share-based compensation expense

$1,079

$70

'

'

'

'

'

'

'

'

'

'

'

$762

$70

$317

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued

'

'

'

'

'

'

'

'

'

'

'

19,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shareholders_equity_Summary_of

Shareholders' equity - Summary of Stock Option Activity under Plan (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'	'
Stock Options, Outstanding at beginning of the year	700,000	'
Stock Options, Granted	550,000	700,000
Stock Options, Exercised	'	'
Stock Options, Forfeited	-60,000	'
Stock Options, Outstanding at end of the year	1,190,000	700,000
Stock Options, Exercisable at end of the year	160,000	'
Weighted Average Exercise Price, Outstanding at beginning of the year	$15	'
Weighted Average Exercise Price, Granted	$16.03	$15
Weighted Average Exercise Price, Exercised	'	'
Weighted Average Exercise Price, Forfeited	$15	'
Weighted Average Exercise Price, Outstanding at end of the year	$15.48	$15
Weighted Average Exercise Price, Exercisable at end of the year	$15	'

Shareholders_equity_Summary_of1

Shareholders' equity - Summary of Black-Scholes Option Pricing Model Inputs used for Valuation of Stock Options Outstanding (Detail) (Class A Common Shares [Member], USD $)	12 Months Ended
	Dec. 31, 2013
Class A Common Shares [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Weighted average fair value	$4.75
Weighted average remaining life (years)	'9 years 10 months 24 days
Expected term (years)	'7 years
Dividend Yield	3.00%
Volatility	38.00%
Risk-free interest rate	1.98%

Related_party_transactions_Add

Related party transactions - Additional Information (Detail) (USD $)

0 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

Feb. 28, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Feb. 28, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Nov. 30, 2012

Nov. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Feb. 28, 2013

Nov. 30, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Property

Property

Class A Common Shares [Member]

Class A Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

2,770 Property Contribution [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Advisor [Member]

Property Manager [Member]

Property Manager [Member]

Property Manager [Member]

Property Manager [Member]

Property Manager [Member]

Property

Class A Common Shares [Member]

Class A Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Class A Units [Member]

Class A Units [Member]

3.5% Convertible Perpetual Preferred Units [Member]

Series C Convertible Units [Member]

Series D Convertible Units [Member]

Series E Convertible Units [Member]

2,770 Property Contribution [Member]

2,770 Property Contribution [Member]

2,770 Property Contribution [Member]

Agreement on Investment Opportunities [Member]

Agreement on Investment Opportunities [Member]

Agreement on Investment Opportunities [Member]

2,770 Property Contribution [Member]

Deferred Costs and Other Intangibles [Member]

Deferred Costs and Other Intangibles [Member]

Operating Expenses [Member]

Operating Expenses [Member]

Property

Property

Property

Property

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common shares owned

'

'

'

'

'

'

'

'

'

'

3.70%

8.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common shares outstanding

'

'

'

184,869,219

38,663,998

635,075

667

'

'

'

'

'

635,075

667

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Units outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,787,292

32,668

'

31,085,974

4,375,000

4,375,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred units outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

653,492

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity interest rate

'

'

'

'

'

'

'

'

24.60%

17.20%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Receivables from sponsor

'

'

'

'

'

'

'

'

$4,516,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Advisory management fee in percent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.75%

'

'

'

'

'

'

'

'

Permanent reduction in advisory management fee

9,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,800,000

'

'

'

'

'

'

'

'

Number of properties

'

23,268

3,644

'

'

'

'

2,770

'

'

'

'

'

'

'

'

'

'

'

'

109

2,628

33

'

'

'

'

'

'

2,770

'

'

'

'

'

Advisory fees

'

6,352,000

937,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,352,000

'

'

'

'

'

'

'

Accrued management fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

937,000

'

'

'

'

'

'

Property management fee in percent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

'

Leasing fee description

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'One-half month of each lease's annual rent.

'

'

'

'

Fees incurred to the Property Manager

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,888,000

55,000

1,264,000

12,000

Acquisition and renovation fee in percent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

Monthly maintenance fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

'

'

'

'

'

'

'

'

'

'

'

Acquisition and renovation fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

113,670,000

4,602,000

'

'

'

'

'

'

'

'

'

'

Asset acquisition cost

'

'

455,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

108,871,000

4,188,000

'

'

'

'

'

'

'

'

'

'

Property acquisition cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,799,000

414,000

'

'

'

'

'

'

'

'

'

'

Accrued acquisition and renovation fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,560,000

$2,811,000

'

'

'

'

'

'

'

'

'

'

Related_party_transactions_Add1

Related party transactions - Additional Information 1 (Detail) (USD $)	6 Months Ended	12 Months Ended		0 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Feb. 28, 2013	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
				2,770 Property Contribution [Member]	2,770 Property Contribution [Member]	2,770 Property Contribution [Member]	2,770 Property Contribution [Member]	MMI [Member]
					2012 Offering [Member]	2012 Offering [Member]	2012 Offering [Member]
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'
Compensation and benefit costs, net	'	'	'	'	'	'	'	$17,023,000
General and administrative expenses	$47,000	$8,845,000	$7,199,000	$7,989,000	$47,000	$993,000	$6,949,000	'

Contributions_by_our_Sponsor_A

Contributions by our Sponsor - Additional Information (Detail) (USD $)

0 Months Ended

6 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

10 Months Ended

0 Months Ended

10 Months Ended

12 Months Ended

0 Months Ended

Feb. 28, 2013

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2010

Dec. 31, 2012

Feb. 28, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Feb. 28, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Feb. 28, 2013

Dec. 31, 2013

Dec. 31, 2013

Feb. 28, 2013

Feb. 28, 2013

Property

Property

2012 Offering [Member]

2,770 Property Contribution [Member]

2,770 Property Contribution [Member]

2,770 Property Contribution [Member]

2,770 Property Contribution [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Series C Convertible Units [Member]

Series C Convertible Units [Member]

Series C Convertible Units [Member]

Common Class C [Member]

Property

Property

Sponsor [Member]

Sponsor [Member]

Sponsor [Member]

2012 Offering [Member]

2012 Offering [Member]

2,770 Property Contribution [Member]

Operating Partnership [Member]

2,770 Property Contribution [Member]

Property

Property

Property

Operating Partnership [Member]

Significant Acquisitions and Disposals [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties

'

'

23,268

3,644

'

367

2,770

109

2,628

33

'

'

'

'

'

'

'

'

'

'

'

'

Investment made in cash by Sponsor

'

'

'

'

'

$556,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contributed single-family properties value

'

3,516,000

3,923,624,000

507,845,000

'

49,444,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition fee

'

'

'

'

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common shares issue to Sponsor

'

'

'

'

'

'

'

'

'

'

184,869,219

38,663,998

3,300,000

634,408

635,075

667

667

634,408

'

'

'

'

Units issue to Sponsor

'

'

'

'

'

32,667

'

'

'

'

'

'

'

'

'

'

'

'

'

'

31,085,974

'

Net book value of properties contributed

'

'

'

'

'

47,646,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Costs to transfer title to the properties

'

'

'

'

'

455,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total consideration amount

'

'

'

'

'

'

491,666,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common units issue to Sponsor per unit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$15.50

$15.50

'

Common shares issue to Sponsor per share

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$15.50

'

'

'

'

Net asset value reclassified from additional paid-in capital

386,500,000

3,474,000

384,255,000

361,483,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Units issue to Sponsor, value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

378,770,000

Common shares issue to Sponsor, value

'

'

'

'

'

'

'

'

'

'

'

'

'

7,730,000

'

'

'

'

'

'

'

'

Other liabilities net associated with the properties

2,508,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Costs of improvements

'

'

13,758,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in Units issued to Sponsor

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,483,000

'

'

'

Increase in common shares issue to Sponsor

'

'

'

'

'

'

'

'

'

'

'

'

'

'

275,000

'

'

'

'

'

'

'

Total reduction to additional paid-in capital

'

'

356,442,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Credit associated to properties acquired

'

'

19,552,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Excess of par value associated with issuance of the shares

'

'

7,998,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Par value of common shares

'

'

6,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Permanent reduction in advisory fee

$9,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contributions_by_our_Sponsor_S

Contributions by our Sponsor - Summary of Net Assets and Historical Net Loss of Single-Family Properties Acquired by Sponsor (Detail) (USD $)

3 Months Ended

6 Months Ended

12 Months Ended

0 Months Ended

6 Months Ended

2 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Feb. 28, 2013

Dec. 31, 2012

Feb. 28, 2013

Property

Property

Property

Property

2,770 Property Contribution [Member]

2,770 Property Contribution [Member]

2,770 Property Contribution [Member]

Property

Business Acquisition One [Member]

Business Acquisition Two [Member]

Property

Property

Significant Acquisitions and Disposals [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties

23,268

'

'

'

3,644

'

'

'

'

23,268

3,644

2,770

2,661

109

Single family properties

$3,861,422,000

'

'

'

$505,713,000

'

'

'

'

$3,861,422,000

$505,713,000

$386,500,000

$365,937,000

$20,563,000

Other assets

'

'

'

'

'

'

'

'

'

'

'

5,117,000

7,203,000

-2,086,000

Other liabilities

'

'

'

'

'

'

'

'

'

'

'

-7,625,000

-8,183,000

558,000

Net assets contributed

'

'

'

'

'

'

'

'

'

'

'

383,992,000

364,957,000

19,035,000

Rents from single family properties

61,843,000

47,364,000

17,020,000

6,495,000

3,277,000

983,000

184,000

96,000

65,000

132,722,000

4,540,000

8,133,000

4,413,000

3,720,000

Property operating expenses

'

'

'

'

'

'

'

'

'

'

'

-5,246,000

-3,326,000

-1,920,000

Depreciation

'

'

'

'

'

'

'

'

'

'

'

-3,345,000

-2,021,000

-1,324,000

Allocated general and administrative expenses

'

'

'

'

'

'

'

'

-47,000

-8,845,000

-7,199,000

-7,989,000

-6,996,000

-993,000

Net loss

'

'

'

'

'

'

'

'

'

'

'

-8,447,000

-7,930,000

-517,000

Contributed net assets and net loss

'

'

'

'

'

'

'

'

'

'

'

$392,439,000

$372,887,000

$19,552,000

Acquisitions_and_Dispositions_1

Acquisitions and Dispositions - Additional Information (Detail) (USD $)

Dec. 31, 2013

Jun. 10, 2013

Dec. 31, 2013

Jun. 10, 2013

Jun. 10, 2013

Jun. 11, 2013

Dec. 31, 2013

Jun. 11, 2013

Jun. 10, 2013

Jun. 10, 2013

Jun. 10, 2013

Jun. 10, 2013

Jun. 10, 2013

Management Internalization [Member]

Management Internalization [Member]

Management Internalization [Member]

Management Internalization [Member]

Alaska Joint Venture Acquisition [Member]

Alaska Joint Venture Acquisition [Member]

Alaska Joint Venture Acquisition [Member]

Series D Convertible Units [Member]

Series D Convertible Units [Member]

Series E Convertible Units [Member]

Series D Units [Member]

Series E Units [Member]

Vehicles [Member]

Vehicles [Member]

Property

Operating Partnership [Member]

Operating Partnership [Member]

Management Internalization [Member]

Management Internalization [Member]

Management Internalization [Member]

Management Internalization [Member]

Minimum [Member]

Maximum [Member]

Acquisitions And Dispositions [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquired of membership interests

'

100.00%

'

'

'

100.00%

'

'

'

'

'

'

'

Issuance of units

'

'

'

'

'

'

'

'

'

4,375,000

4,375,000

'

'

Acquisition date

'

'

10-Jun-13

'

'

'

11-Jun-13

'

'

'

'

'

'

Company's right to receive promoted interests in future outside investment

'

'

'

20.00%

100.00%

'

'

'

'

'

'

'

'

Acquisition and renovation fee in percent

'

5.00%

'

'

'

'

'

'

'

'

'

'

'

Monthly maintenance fee

'

$100,000

'

'

'

'

'

'

'

'

'

'

'

Fair value of units

'

'

'

'

'

'

'

'

'

'

'

65,188,000

64,881,000

Goodwill from acquisition

120,655,000

120,655,000

120,655,000

'

'

'

'

'

'

'

'

'

'

Estimated net monetary assets

'

6,958,000

'

'

'

'

'

'

'

'

'

'

'

Estimated cash and cash equivalents

'

8,982,000

'

'

'

22,989,000

'

'

'

'

'

'

'

Fair value of acquired assets

'

'

130,069,000

'

'

904,487,000

904,487,000

'

'

'

'

'

'

Issuance of common shares

'

'

'

'

'

43,609,394

'

'

'

'

'

'

'

Issuance of Operating Partnership units

'

'

'

'

'

'

'

12,395,965

4,375,000

'

'

'

'

Number of single-family properties in acquired

'

'

'

'

'

4,778

'

'

'

'

'

'

'

Net cash flows produced by Joint Venture

'

'

'

'

'

1,896,000

1,896,000

'

'

'

'

'

'

Percentage of properties leased as of acquisition date

'

'

'

'

'

75.00%

'

'

'

'

'

'

'

Estimated net monetary assets

'

'

'

'

'

$12,995,000

'

'

'

'

'

'

'

Acquisitions_and_Dispositions_2

Acquisitions and Dispositions - Schedule of Estimated Fair Values of Assets Acquired (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2013	Jun. 10, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Jun. 11, 2013
		Management Internalization [Member]	Management Internalization [Member]	Management Internalization [Member]	Management Internalization [Member]	RJ LLC [Member]	Alaska Joint Venture Acquisition [Member]	Alaska Joint Venture Acquisition [Member]
				Trademark [Member]	Database [Member]
Business Acquisition [Line Items]	'	'	'	'	'	'	'	'
Land	'	'	'	'	'	$10,340,000	$156,648,000	'
Building and improvements	'	4,214,000	'	'	'	54,123,000	740,396,000	'
Identified intangible assets	'	'	'	3,100,000	2,100,000	'	'	'
Receivable for net cash flows prior to acquisition date	'	'	'	'	'	'	1,896,000	1,896,000
Value of in-place leases	'	'	'	'	'	539,000	5,547,000	'
Goodwill	120,655,000	120,655,000	120,655,000	'	'	'	'	'
Cash and cash equivalents	'	'	'	'	'	1,128,000	'	'
Other current assets and liabilities, net	'	'	'	'	'	-311,000	'	'
Note payable	'	'	'	'	'	-7,600,000	'	'
Fair value of acquired assets	'	130,069,000	'	'	'	'	904,487,000	904,487,000
Noncontrolling interest	'	'	'	'	'	-39,321,000	'	'
Fair value of acquired net assets	'	'	'	'	'	$18,898,000	'	'

Acquisitions_and_Dispositions_3

Acquisitions and Dispositions - Additional Information 1 (Detail) (USD $)

0 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

Jun. 27, 2013

Dec. 31, 2012

Dec. 31, 2013

Jun. 14, 2013

Jun. 14, 2013

Dec. 31, 2013

Jun. 14, 2013

Dec. 31, 2013

Dec. 31, 2012

Jun. 14, 2013

Dec. 31, 2013

Jun. 14, 2013

Sep. 20, 2012

Sep. 20, 2012

Sep. 20, 2012

Mar. 15, 2013

Mar. 15, 2013

Mar. 15, 2013

Property

Property

Property

Class A Common Shares [Member]

Class A Units [Member]

RJ LLC [Member]

RJ LLC [Member]

RJ LLC [Member]

RJ LLC [Member]

RJ LLC [Member]

RJ American Homes 4 Rent One, LLC [Member]

RJ American Homes 4 Rent One, LLC [Member]

RJ American Homes 4 Rent One, LLC [Member]

RJ American Homes 4 Rent One, LLC [Member]

RJ American Homes 4 Rent Two, LLC [Member]

RJ American Homes 4 Rent Two, LLC [Member]

RJ American Homes 4 Rent Two, LLC [Member]

Property

Class B Common Shares [Member]

Class A Common Shares [Member]

Class A Units [Member]

Property

Class B Common Shares [Member]

Class A Common Shares [Member]

Property

Class B Common Shares [Member]

Class A Common Shares [Member]

Acquisitions And Dispositions [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Initial capital contribution of single-family properties

'

3,644

23,268

'

'

'

377

'

'

'

'

'

177

'

'

214

'

'

Acquisition percentage

'

'

'

'

'

'

100.00%

'

'

'

'

'

100.00%

33.00%

67.00%

100.00%

33.00%

67.00%

Preferred units issued

'

'

'

653,492

'

'

'

'

653,492

'

'

'

'

'

'

'

'

'

Percentage of promoted interest distributions made from RJ1 to RJ LLC

'

20.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred units outstanding

'

'

'

'

'

'

653,492

'

'

'

'

'

'

'

'

'

'

'

Preferred Units converted into Class A units

'

'

'

'

653,492

'

'

'

'

653,492

'

'

'

'

'

'

'

'

Additional unit issued

'

'

'

'

705,167

'

'

'

'

705,167

'

'

'

'

'

'

'

'

Fair value of Preferred Units redeemed

'

'

'

'

'

'

'

'

'

$11,283,000

$10,456,000

'

'

'

'

'

'

'

Basis for conversion

'

'

'

'

'

'

'

'

'

'One-for-one

'

'

'

'

'

'

'

'

Operating Partnership loan

'

'

'

'

'

'

'

'

'

'

'

7,600,000

'

'

'

'

'

'

Gain on remeasurement of equity method investment

'

'

1,810,000

'

'

'

10,900,000

'

'

'

'

'

'

'

'

'

'

'

Redemption of Preferred Units

'

'

'

'

'

'

'

653,492

'

'

'

'

'

'

'

'

'

'

Carrying value of Preferred Units redeemed

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Conversion of common shares description

'

'

'The fair value of the Class A units issued in connection with the 2013 RJ Transaction has been estimated using the most recent trading price in the Company's Class A common shares, into which the Class A units are convertible into on a one-for-one basis.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of properties sold

38

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gross sales price of properties sold

8,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain on disposition of assets

$904,000

'

$904,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisitions_and_Dispositions_4

Acquisitions and Dispositions - Schedule of Carrying Value and Estimated Fair Value of Company's Class B Interest in RJ LLC (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Business Acquisition [Line Items]	'
Gain on remeasurement of equity method investment	$10,945
RJ LLC [Member]	'
Business Acquisition [Line Items]	'
Fair value of existing Class B interest	7,615
Carrying value of Class B interest	-3,330
Gain on remeasurement of equity method investment	$10,945

Acquisitions_and_Dispositions_5

Acquisitions and Dispositions - Schedule of Total Revenues and Net Income Attributable to Acquisitions (Detail) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Management Internalization [Member]	'
Business Acquisition [Line Items]	'
Total revenues	$1,502
Net (loss) / income	-26,179
Alaska Joint Venture Acquisition [Member]	'
Business Acquisition [Line Items]	'
Total revenues	38,054
Net (loss) / income	2,256
2013 RJ Transaction [Member]	'
Business Acquisition [Line Items]	'
Total revenues	2,723
Net (loss) / income	$52

Acquisitions_and_Dispositions_6

Acquisitions and Dispositions - Schedule of Total Revenues and Net Income Attributable to Acquisitions (Parenthetical) (Detail) (Management Internalization [Member], USD $)	6 Months Ended
	Dec. 31, 2013
Management Internalization [Member]	'
Business Acquisition [Line Items]	'
Total revenues and net loss attributable to the management	$24,000,000

Acquisitions_and_Dispositions_7

Acquisitions and Dispositions - Schedule of Company's Supplemental Consolidated Pro Forma Total Revenues and Net Income (Detail) (USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Business Combinations [Abstract]	'	'	'
Pro forma total revenues	$65	$160,485	$11,018
Pro forma net loss	($42)	($24,235)	($13,130)

Earnings_per_share_Computation

Earnings per share - Computation of Net Loss per Share on Basic and Diluted Basis (Detail) (USD $)	3 Months Ended								6 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Income / loss (numerator):	'	'	'	'	'	'	'	'	'	'	'
Loss from continuing operations	'	'	'	'	'	'	'	'	($42)	($20,074)	($10,236)
Income from discontinued operations	'	'	'	'	'	'	'	'	'	1,008	'
Noncontrolling interest	'	'	'	'	'	'	'	'	'	13,245	'
Dividends on preferred shares	'	'	'	'	'	'	'	'	'	1,160	'
Conversion of preferred units	'	'	'	'	'	'	'	'	'	10,456	'
Net loss attributable to common shareholders	($14,519)	($7,659)	($13,997)	($7,752)	($5,831)	($2,675)	($1,566)	($164)	($42)	($43,927)	($10,236)
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	3,301,667	123,592,086	7,225,512
Net loss per share- basic and diluted:	'	'	'	'	'	'	'	'	'	'	'
Loss from continuing operations	'	'	'	'	'	'	'	'	($0.01)	($0.37)	($1.42)
Income from discontinued operations	'	'	'	'	'	'	'	'	'	$0.01	'
Net loss per share- basic and diluted	($0.08)	($0.05)	($0.15)	($0.16)	($0.09)	($0.81)	($0.47)	($0.05)	($0.01)	($0.36)	($1.42)
Formation Transaction [Member] | Class A Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	3,301,000	3,301,000	3,301,000
Formation Transaction [Member] | Class B Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	667	667	667
2012 Offering [Member] | Class A Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	'	35,362,998	3,923,845
2013 Offering [Member] | Class A Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	'	37,502,997	'
2,770 Property Contribution [Member] | Class B Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	'	533,598	'
IPO [Member] | Class A Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	'	17,888,799	'
2013 Concurrent Private Placements [Member] | Class A Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	'	1,900,685	'
IPO Over-allotment Exercise [Member] | Class A Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	'	2,411,362	'
Alaska Joint Venture Acquisition [Member] | Class A Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	'	24,373,470	'
Subscription Agreement [Member] | Class A Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	'	309,708	'
Board of Trustees [Member] | Class A Common Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Weighted-average shares (denominator):	'	'	'	'	'	'	'	'	'	'	'
Total weighted-average shares	'	'	'	'	'	'	'	'	'	6,802	'

Earnings_per_share_Additional_

Earnings per share - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Feb. 28, 2013	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012
			Class A Common Shares [Member]	Class A Common Shares [Member]	Class B Common Shares [Member]	Class B Common Shares [Member]	Class B Common Shares [Member]	Formation Transaction [Member]	Formation Transaction [Member]
								Class A Common Shares [Member]	Class B Common Shares [Member]
Schedule Of Earnings Per Share Basic And Diluted By Common Class [Line Items]	'	'	'	'	'	'	'	'	'
Common shares issue to Sponsor	'	'	184,869,219	38,663,998	635,075	634,408	667	3,301,000	667
Total weighted average shares	63,873,266	4,719,493	'	'	'	'	'	'	'

Commitments_and_contingencies_1

Commitments and contingencies - Schedule of Future Lease Obligations under Operating Leases (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Commitments And Contingencies Disclosure [Abstract]	'
2014	$1,741
2015	1,760
2016	1,540
2017	824
2018	105
Thereafter	'
Total future lease obligations under operating leases	$5,970

Commitments_and_contingencies_2

Commitments and contingencies - Additional Information (Detail) (USD $)	6 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
		Property	Property
Loss Contingencies [Line Items]	'	'	'
Aggregate outstanding commitments	'	$1,453,000	$1,694,000
Number of properties	'	23,268	3,644
Company contributions	93,000	181,000	163,000
Purchase Commitment [Member]	'	'	'
Loss Contingencies [Line Items]	'	'	'
Number of properties	'	536	462
Aggregate purchase price	'	$75,473,000	$70,082,000

Noncash_transactions_Additiona

Noncash transactions - Additional Information (Detail)

Jun. 14, 2013

Jun. 11, 2013

Jun. 10, 2013

Jun. 10, 2013

Jun. 14, 2013

Dec. 31, 2013

Dec. 31, 2012

Jun. 14, 2013

Jun. 11, 2013

Jun. 11, 2013

Feb. 28, 2013

Dec. 31, 2013

Feb. 28, 2013

Dec. 31, 2012

Alaska Joint Venture Acquisition [Member]

Series D Convertible Units [Member]

Series E Convertible Units [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Common Shares [Member]

Class A Units [Member]

Series C Convertible Units [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Class B Common Shares [Member]

Operating Partnership [Member]

Operating Partnership [Member]

Operating Partnership [Member]

Operating Partnership [Member]

Alaska Joint Venture Acquisition [Member]

Alaska Joint Venture Acquisition [Member]

Operating Partnership [Member]

Operating Partnership [Member]

Nonmonetary Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Units outstanding

'

'

'

'

'

'

'

'

'

'

31,085,974

'

'

'

Common shares issued

'

'

'

'

'

184,869,219

38,663,998

'

'

'

'

635,075

634,408

667

Issuance of units

'

12,395,965

4,375,000

4,375,000

'

'

'

'

'

12,395,965

'

'

'

'

Acquisition of Joint Venture

'

'

'

'

'

'

'

'

43,609,394

'

'

'

'

'

Preferred units issued

653,492

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion to Class A units

'

'

'

'

653,492

'

'

653,492

'

'

'

'

'

'

Additional units issued

'

'

'

'

705,167

'

'

'

'

'

'

'

'

'

Fair_Value_Fair_Value_of_Conti

Fair Value - Fair Value of Contingently Convertible Series E Units Liability and Preferred Shares Derivative Liability (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fair Value Liabilities Measured On Recurring and Nonrecurring Basis [Line Items]	'	'
Contingently convertible Series E units liability	$66,938	'
Preferred shares derivative liability	28,150	'
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]	'	'
Fair Value Liabilities Measured On Recurring and Nonrecurring Basis [Line Items]	'	'
Contingently convertible Series E units liability	'	'
Preferred shares derivative liability	'	'
Significant Other Observable Inputs (Level 2) [Member]	'	'
Fair Value Liabilities Measured On Recurring and Nonrecurring Basis [Line Items]	'	'
Contingently convertible Series E units liability	'	'
Preferred shares derivative liability	'	'
Significant Unobservable Inputs (Level 3) [Member]	'	'
Fair Value Liabilities Measured On Recurring and Nonrecurring Basis [Line Items]	'	'
Contingently convertible Series E units liability	66,938	'
Preferred shares derivative liability	$28,150	'

Fair_Value_Changes_in_Fair_Val

Fair Value - Changes in Fair Value of Contingently Convertible Series E Units Liability and Preferred Shares Derivative Liability (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Preferred shares derivative liability, Beginning Balance	'
Preferred shares derivative liability, Issuance	26,340
Preferred shares derivative liability, Remeasurement included in earnings	1,810
Preferred shares derivative liability, Ending Balance	28,150
Contingently convertible Series E units liability, Beginning Balance	'
Contingently convertible Series E units liability, Issuances	64,881
Contingently convertible Series E units liability, Remeasurement included in earnings	2,057
Contingently convertible Series E units liability, Ending Balance	$66,938

Quarterly_financial_informatio2

Quarterly financial information - Summarized Quarterly Financial data (Detail) (USD $)	3 Months Ended								6 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Rents from single-family properties	$61,843	$47,364	$17,020	$6,495	$3,277	$983	$184	$96	$65	$132,722	$4,540
Net income / (loss)	-9,471	-3,861	1,123	-6,857	-5,831	-2,675	-1,566	-164	-42	-19,066	-10,236
Net loss attributable to common shareholders	($14,519)	($7,659)	($13,997)	($7,752)	($5,831)	($2,675)	($1,566)	($164)	($42)	($43,927)	($10,236)
Net loss attributable to common shareholders per share - basic and diluted	($0.08)	($0.05)	($0.15)	($0.16)	($0.09)	($0.81)	($0.47)	($0.05)	($0.01)	($0.36)	($1.42)

Subsequent_events_Additional_I

Subsequent events - Additional Information (Detail) (USD $)	12 Months Ended	2 Months Ended
	Dec. 31, 2013	Mar. 07, 2014	Mar. 07, 2014
		Subsequent Events [Member]	Subsequent Events [Member]
		Property	Preferred Offering [Member]
Subsequent Event [Line Items]	'	'	'
Number of properties acquired	'	1,863	'
Aggregate purchase price of properties acquired	'	$253,806,000	'
Credit facility, additional borrowings, amount	'	234,000,000	'
Credit facility, repayment, amount	1,050,000,000	25,000,000	'
Credit facility, amount outstanding	'	'	$584,000,000

Schedule_III_Real_Estate_and_A1

Schedule III - Real Estate and Accumulated Depreciation (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
	Property
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	23,268	'	'	'
Initial Cost to Company, Land	$728,362,000	'	'	'
Initial Cost to Company, Buildings and Improvements	2,818,121,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	377,141,000	'	'	'
Total Cost, Land	728,362,000	'	'	'
Total Cost, Buildings and Improvements	3,195,262,000	'	'	'
Total	3,923,624,000	507,845,000	3,516,000	'
Accumulated Depreciation	-62,202,000	-2,132,000	-21,000	'
Net Cost Basis	3,861,422,000	'	'	'
Albuquerque [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	189	'	'	'
Initial Cost to Company, Land	5,763,000	'	'	'
Initial Cost to Company, Buildings and Improvements	21,352,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	2,077,000	'	'	'
Total Cost, Land	5,763,000	'	'	'
Total Cost, Buildings and Improvements	23,429,000	'	'	'
Total	29,192,000	'	'	'
Accumulated Depreciation	-292,000	'	'	'
Net Cost Basis	28,900,000	'	'	'
Date of Acquisition	'2013	'	'	'
Antelope Valley [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	6	'	'	'
Initial Cost to Company, Land	212,000	'	'	'
Initial Cost to Company, Buildings and Improvements	952,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	230,000	'	'	'
Total Cost, Land	212,000	'	'	'
Total Cost, Buildings and Improvements	1,182,000	'	'	'
Total	1,394,000	'	'	'
Accumulated Depreciation	-20,000	'	'	'
Net Cost Basis	1,374,000	'	'	'
Date of Acquisition	'2012	'	'	'
Atlanta [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	1,461	'	'	'
Initial Cost to Company, Land	50,523,000	'	'	'
Initial Cost to Company, Buildings and Improvements	160,776,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	30,233,000	'	'	'
Total Cost, Land	50,523,000	'	'	'
Total Cost, Buildings and Improvements	191,009,000	'	'	'
Total	241,532,000	'	'	'
Accumulated Depreciation	-4,559,000	'	'	'
Net Cost Basis	236,973,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Augusta [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	113	'	'	'
Initial Cost to Company, Land	3,209,000	'	'	'
Initial Cost to Company, Buildings and Improvements	12,311,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	1,472,000	'	'	'
Total Cost, Land	3,209,000	'	'	'
Total Cost, Buildings and Improvements	13,783,000	'	'	'
Total	16,992,000	'	'	'
Accumulated Depreciation	-109,000	'	'	'
Net Cost Basis	16,883,000	'	'	'
Date of Acquisition	'2013	'	'	'
Austin [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	408	'	'	'
Initial Cost to Company, Land	9,567,000	'	'	'
Initial Cost to Company, Buildings and Improvements	42,498,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	5,763,000	'	'	'
Total Cost, Land	9,567,000	'	'	'
Total Cost, Buildings and Improvements	48,261,000	'	'	'
Total	57,828,000	'	'	'
Accumulated Depreciation	-775,000	'	'	'
Net Cost Basis	57,053,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Bay Area [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	77	'	'	'
Initial Cost to Company, Land	5,410,000	'	'	'
Initial Cost to Company, Buildings and Improvements	16,193,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	1,133,000	'	'	'
Total Cost, Land	5,410,000	'	'	'
Total Cost, Buildings and Improvements	17,326,000	'	'	'
Total	22,736,000	'	'	'
Accumulated Depreciation	-370,000	'	'	'
Net Cost Basis	22,366,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Boise [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	179	'	'	'
Initial Cost to Company, Land	5,233,000	'	'	'
Initial Cost to Company, Buildings and Improvements	18,990,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	1,678,000	'	'	'
Total Cost, Land	5,233,000	'	'	'
Total Cost, Buildings and Improvements	20,668,000	'	'	'
Total	25,901,000	'	'	'
Accumulated Depreciation	-321,000	'	'	'
Net Cost Basis	25,580,000	'	'	'
Date of Acquisition	'2013	'	'	'
Central Valley [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	174	'	'	'
Initial Cost to Company, Land	6,786,000	'	'	'
Initial Cost to Company, Buildings and Improvements	22,149,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	2,199,000	'	'	'
Total Cost, Land	6,786,000	'	'	'
Total Cost, Buildings and Improvements	24,348,000	'	'	'
Total	31,134,000	'	'	'
Accumulated Depreciation	-640,000	'	'	'
Net Cost Basis	30,494,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Charleston [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	345	'	'	'
Initial Cost to Company, Land	12,617,000	'	'	'
Initial Cost to Company, Buildings and Improvements	43,892,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	4,702,000	'	'	'
Total Cost, Land	12,617,000	'	'	'
Total Cost, Buildings and Improvements	48,594,000	'	'	'
Total	61,211,000	'	'	'
Accumulated Depreciation	-617,000	'	'	'
Net Cost Basis	60,594,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Charlotte [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	1,058	'	'	'
Initial Cost to Company, Land	34,883,000	'	'	'
Initial Cost to Company, Buildings and Improvements	131,959,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	13,655,000	'	'	'
Total Cost, Land	34,883,000	'	'	'
Total Cost, Buildings and Improvements	145,614,000	'	'	'
Total	180,497,000	'	'	'
Accumulated Depreciation	-2,697,000	'	'	'
Net Cost Basis	177,800,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Chicago [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	1,519	'	'	'
Initial Cost to Company, Land	41,146,000	'	'	'
Initial Cost to Company, Buildings and Improvements	166,935,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	25,226,000	'	'	'
Total Cost, Land	41,146,000	'	'	'
Total Cost, Buildings and Improvements	192,161,000	'	'	'
Total	233,307,000	'	'	'
Accumulated Depreciation	-2,924,000	'	'	'
Net Cost Basis	230,383,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Cincinnati [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	1,244	'	'	'
Initial Cost to Company, Land	40,095,000	'	'	'
Initial Cost to Company, Buildings and Improvements	151,565,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	18,470,000	'	'	'
Total Cost, Land	40,095,000	'	'	'
Total Cost, Buildings and Improvements	170,035,000	'	'	'
Total	210,130,000	'	'	'
Accumulated Depreciation	-2,707,000	'	'	'
Net Cost Basis	207,423,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Colorado Springs [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	21	'	'	'
Initial Cost to Company, Land	869,000	'	'	'
Initial Cost to Company, Buildings and Improvements	2,802,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	539,000	'	'	'
Total Cost, Land	869,000	'	'	'
Total Cost, Buildings and Improvements	3,341,000	'	'	'
Total	4,210,000	'	'	'
Accumulated Depreciation	-42,000	'	'	'
Net Cost Basis	4,168,000	'	'	'
Date of Acquisition	'2013	'	'	'
Columbia [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	217	'	'	'
Initial Cost to Company, Land	5,013,000	'	'	'
Initial Cost to Company, Buildings and Improvements	25,301,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	2,355,000	'	'	'
Total Cost, Land	5,013,000	'	'	'
Total Cost, Buildings and Improvements	27,656,000	'	'	'
Total	32,669,000	'	'	'
Accumulated Depreciation	-231,000	'	'	'
Net Cost Basis	32,438,000	'	'	'
Date of Acquisition	'2013	'	'	'
Columbus [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	725	'	'	'
Initial Cost to Company, Land	18,255,000	'	'	'
Initial Cost to Company, Buildings and Improvements	75,348,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	11,504,000	'	'	'
Total Cost, Land	18,255,000	'	'	'
Total Cost, Buildings and Improvements	86,852,000	'	'	'
Total	105,107,000	'	'	'
Accumulated Depreciation	-1,272,000	'	'	'
Net Cost Basis	103,835,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Dallas-Fort Worth [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	2,085	'	'	'
Initial Cost to Company, Land	57,649,000	'	'	'
Initial Cost to Company, Buildings and Improvements	234,864,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	36,617,000	'	'	'
Total Cost, Land	57,649,000	'	'	'
Total Cost, Buildings and Improvements	271,481,000	'	'	'
Total	329,130,000	'	'	'
Accumulated Depreciation	-4,705,000	'	'	'
Net Cost Basis	324,425,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Denver [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	264	'	'	'
Initial Cost to Company, Land	12,273,000	'	'	'
Initial Cost to Company, Buildings and Improvements	43,965,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	5,906,000	'	'	'
Total Cost, Land	12,273,000	'	'	'
Total Cost, Buildings and Improvements	49,871,000	'	'	'
Total	62,144,000	'	'	'
Accumulated Depreciation	-947,000	'	'	'
Net Cost Basis	61,197,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Fort Myers [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	60	'	'	'
Initial Cost to Company, Land	1,639,000	'	'	'
Initial Cost to Company, Buildings and Improvements	8,889,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	801,000	'	'	'
Total Cost, Land	1,639,000	'	'	'
Total Cost, Buildings and Improvements	9,690,000	'	'	'
Total	11,329,000	'	'	'
Accumulated Depreciation	-196,000	'	'	'
Net Cost Basis	11,133,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Greensboro [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	356	'	'	'
Initial Cost to Company, Land	10,710,000	'	'	'
Initial Cost to Company, Buildings and Improvements	45,731,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	3,980,000	'	'	'
Total Cost, Land	10,710,000	'	'	'
Total Cost, Buildings and Improvements	49,711,000	'	'	'
Total	60,421,000	'	'	'
Accumulated Depreciation	-665,000	'	'	'
Net Cost Basis	59,756,000	'	'	'
Date of Acquisition	'2013	'	'	'
Greenville [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	380	'	'	'
Initial Cost to Company, Land	9,576,000	'	'	'
Initial Cost to Company, Buildings and Improvements	49,740,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	4,437,000	'	'	'
Total Cost, Land	9,576,000	'	'	'
Total Cost, Buildings and Improvements	54,177,000	'	'	'
Total	63,753,000	'	'	'
Accumulated Depreciation	-728,000	'	'	'
Net Cost Basis	63,025,000	'	'	'
Date of Acquisition	'2013	'	'	'
Hilton Head/Beaufort [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	61	'	'	'
Initial Cost to Company, Land	2,389,000	'	'	'
Initial Cost to Company, Buildings and Improvements	7,153,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	479,000	'	'	'
Total Cost, Land	2,389,000	'	'	'
Total Cost, Buildings and Improvements	7,632,000	'	'	'
Total	10,021,000	'	'	'
Accumulated Depreciation	-23,000	'	'	'
Net Cost Basis	9,998,000	'	'	'
Date of Acquisition	'2013	'	'	'
Houston [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	1,223	'	'	'
Initial Cost to Company, Land	34,806,000	'	'	'
Initial Cost to Company, Buildings and Improvements	153,593,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	24,870,000	'	'	'
Total Cost, Land	34,806,000	'	'	'
Total Cost, Buildings and Improvements	178,463,000	'	'	'
Total	213,269,000	'	'	'
Accumulated Depreciation	-2,815,000	'	'	'
Net Cost Basis	210,454,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Indianapolis [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	2,021	'	'	'
Initial Cost to Company, Land	55,289,000	'	'	'
Initial Cost to Company, Buildings and Improvements	212,430,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	29,258,000	'	'	'
Total Cost, Land	55,289,000	'	'	'
Total Cost, Buildings and Improvements	241,688,000	'	'	'
Total	296,977,000	'	'	'
Accumulated Depreciation	-4,438,000	'	'	'
Net Cost Basis	292,539,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Inland Empire [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	2	'	'	'
Initial Cost to Company, Land	68,000	'	'	'
Initial Cost to Company, Buildings and Improvements	309,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	69,000	'	'	'
Total Cost, Land	68,000	'	'	'
Total Cost, Buildings and Improvements	378,000	'	'	'
Total	446,000	'	'	'
Accumulated Depreciation	-7,000	'	'	'
Net Cost Basis	439,000	'	'	'
Date of Acquisition	'2012	'	'	'
Jacksonville [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	974	'	'	'
Initial Cost to Company, Land	25,994,000	'	'	'
Initial Cost to Company, Buildings and Improvements	102,356,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	14,878,000	'	'	'
Total Cost, Land	25,994,000	'	'	'
Total Cost, Buildings and Improvements	117,234,000	'	'	'
Total	143,228,000	'	'	'
Accumulated Depreciation	-2,589,000	'	'	'
Net Cost Basis	140,639,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Knoxville [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	234	'	'	'
Initial Cost to Company, Land	7,470,000	'	'	'
Initial Cost to Company, Buildings and Improvements	36,217,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	2,626,000	'	'	'
Total Cost, Land	7,470,000	'	'	'
Total Cost, Buildings and Improvements	38,843,000	'	'	'
Total	46,313,000	'	'	'
Accumulated Depreciation	-512,000	'	'	'
Net Cost Basis	45,801,000	'	'	'
Date of Acquisition	'2013	'	'	'
Las Vegas [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	713	'	'	'
Initial Cost to Company, Land	19,425,000	'	'	'
Initial Cost to Company, Buildings and Improvements	88,495,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	15,049,000	'	'	'
Total Cost, Land	19,425,000	'	'	'
Total Cost, Buildings and Improvements	103,544,000	'	'	'
Total	122,969,000	'	'	'
Accumulated Depreciation	-3,149,000	'	'	'
Net Cost Basis	119,820,000	'	'	'
Date of Acquisition	'2011-2013	'	'	'
Memphis [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	139	'	'	'
Initial Cost to Company, Land	4,722,000	'	'	'
Initial Cost to Company, Buildings and Improvements	15,431,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	1,260,000	'	'	'
Total Cost, Land	4,722,000	'	'	'
Total Cost, Buildings and Improvements	16,691,000	'	'	'
Total	21,413,000	'	'	'
Accumulated Depreciation	-72,000	'	'	'
Net Cost Basis	21,341,000	'	'	'
Date of Acquisition	'2013	'	'	'
Miami [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	248	'	'	'
Initial Cost to Company, Land	7,381,000	'	'	'
Initial Cost to Company, Buildings and Improvements	37,820,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	5,696,000	'	'	'
Total Cost, Land	7,381,000	'	'	'
Total Cost, Buildings and Improvements	43,516,000	'	'	'
Total	50,897,000	'	'	'
Accumulated Depreciation	-907,000	'	'	'
Net Cost Basis	49,990,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Milwaukee [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	127	'	'	'
Initial Cost to Company, Land	7,466,000	'	'	'
Initial Cost to Company, Buildings and Improvements	22,253,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	1,994,000	'	'	'
Total Cost, Land	7,466,000	'	'	'
Total Cost, Buildings and Improvements	24,247,000	'	'	'
Total	31,713,000	'	'	'
Accumulated Depreciation	-552,000	'	'	'
Net Cost Basis	31,161,000	'	'	'
Date of Acquisition	'2013	'	'	'
Nashville [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	994	'	'	'
Initial Cost to Company, Land	36,408,000	'	'	'
Initial Cost to Company, Buildings and Improvements	150,345,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	16,201,000	'	'	'
Total Cost, Land	36,408,000	'	'	'
Total Cost, Buildings and Improvements	166,546,000	'	'	'
Total	202,954,000	'	'	'
Accumulated Depreciation	-3,716,000	'	'	'
Net Cost Basis	199,238,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Oklahoma City [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	90	'	'	'
Initial Cost to Company, Land	2,539,000	'	'	'
Initial Cost to Company, Buildings and Improvements	11,550,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	756,000	'	'	'
Total Cost, Land	2,539,000	'	'	'
Total Cost, Buildings and Improvements	12,306,000	'	'	'
Total	14,845,000	'	'	'
Accumulated Depreciation	-106,000	'	'	'
Net Cost Basis	14,739,000	'	'	'
Date of Acquisition	'2013	'	'	'
Orlando [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	613	'	'	'
Initial Cost to Company, Land	17,119,000	'	'	'
Initial Cost to Company, Buildings and Improvements	73,588,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	11,172,000	'	'	'
Total Cost, Land	17,119,000	'	'	'
Total Cost, Buildings and Improvements	84,760,000	'	'	'
Total	101,879,000	'	'	'
Accumulated Depreciation	-2,087,000	'	'	'
Net Cost Basis	99,792,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Phoenix [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	962	'	'	'
Initial Cost to Company, Land	22,327,000	'	'	'
Initial Cost to Company, Buildings and Improvements	107,771,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	16,979,000	'	'	'
Total Cost, Land	22,327,000	'	'	'
Total Cost, Buildings and Improvements	124,750,000	'	'	'
Total	147,077,000	'	'	'
Accumulated Depreciation	-3,916,000	'	'	'
Net Cost Basis	143,161,000	'	'	'
Date of Acquisition	'2011-2013	'	'	'
Portland [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	205	'	'	'
Initial Cost to Company, Land	14,284,000	'	'	'
Initial Cost to Company, Buildings and Improvements	23,792,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	1,474,000	'	'	'
Total Cost, Land	14,284,000	'	'	'
Total Cost, Buildings and Improvements	25,266,000	'	'	'
Total	39,550,000	'	'	'
Accumulated Depreciation	-450,000	'	'	'
Net Cost Basis	39,100,000	'	'	'
Date of Acquisition	'2013	'	'	'
Raleigh [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	815	'	'	'
Initial Cost to Company, Land	28,832,000	'	'	'
Initial Cost to Company, Buildings and Improvements	107,722,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	10,111,000	'	'	'
Total Cost, Land	28,832,000	'	'	'
Total Cost, Buildings and Improvements	117,833,000	'	'	'
Total	146,665,000	'	'	'
Accumulated Depreciation	-1,965,000	'	'	'
Net Cost Basis	144,700,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Salt Lake City [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	727	'	'	'
Initial Cost to Company, Land	39,259,000	'	'	'
Initial Cost to Company, Buildings and Improvements	104,857,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	14,774,000	'	'	'
Total Cost, Land	39,259,000	'	'	'
Total Cost, Buildings and Improvements	119,631,000	'	'	'
Total	158,890,000	'	'	'
Accumulated Depreciation	-2,333,000	'	'	'
Net Cost Basis	156,557,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
San Antonio [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	337	'	'	'
Initial Cost to Company, Land	8,543,000	'	'	'
Initial Cost to Company, Buildings and Improvements	35,607,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	5,424,000	'	'	'
Total Cost, Land	8,543,000	'	'	'
Total Cost, Buildings and Improvements	41,031,000	'	'	'
Total	49,574,000	'	'	'
Accumulated Depreciation	-798,000	'	'	'
Net Cost Basis	48,776,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
San Diego [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	3	'	'	'
Initial Cost to Company, Land	107,000	'	'	'
Initial Cost to Company, Buildings and Improvements	404,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	109,000	'	'	'
Total Cost, Land	107,000	'	'	'
Total Cost, Buildings and Improvements	513,000	'	'	'
Total	620,000	'	'	'
Accumulated Depreciation	-14,000	'	'	'
Net Cost Basis	606,000	'	'	'
Date of Acquisition	'2012	'	'	'
Savannah [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	111	'	'	'
Initial Cost to Company, Land	3,070,000	'	'	'
Initial Cost to Company, Buildings and Improvements	12,235,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	845,000	'	'	'
Total Cost, Land	3,070,000	'	'	'
Total Cost, Buildings and Improvements	13,080,000	'	'	'
Total	16,150,000	'	'	'
Accumulated Depreciation	-63,000	'	'	'
Net Cost Basis	16,087,000	'	'	'
Date of Acquisition	'2013	'	'	'
Seattle [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	242	'	'	'
Initial Cost to Company, Land	11,818,000	'	'	'
Initial Cost to Company, Buildings and Improvements	34,555,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	3,674,000	'	'	'
Total Cost, Land	11,818,000	'	'	'
Total Cost, Buildings and Improvements	38,229,000	'	'	'
Total	50,047,000	'	'	'
Accumulated Depreciation	-505,000	'	'	'
Net Cost Basis	49,542,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Tampa [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	818	'	'	'
Initial Cost to Company, Land	29,735,000	'	'	'
Initial Cost to Company, Buildings and Improvements	113,836,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	16,606,000	'	'	'
Total Cost, Land	29,735,000	'	'	'
Total Cost, Buildings and Improvements	130,442,000	'	'	'
Total	160,177,000	'	'	'
Accumulated Depreciation	-3,204,000	'	'	'
Net Cost Basis	156,973,000	'	'	'
Date of Acquisition	'2012-2013	'	'	'
Tucson [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	376	'	'	'
Initial Cost to Company, Land	7,278,000	'	'	'
Initial Cost to Company, Buildings and Improvements	36,588,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	6,236,000	'	'	'
Total Cost, Land	7,278,000	'	'	'
Total Cost, Buildings and Improvements	42,824,000	'	'	'
Total	50,102,000	'	'	'
Accumulated Depreciation	-1,226,000	'	'	'
Net Cost Basis	48,876,000	'	'	'
Date of Acquisition	'2011-2013	'	'	'
Winston Salem [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Number of Single-Family Homes	352	'	'	'
Initial Cost to Company, Land	10,496,000	'	'	'
Initial Cost to Company, Buildings and Improvements	42,533,000	'	'	'
Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	3,624,000	'	'	'
Total Cost, Land	10,496,000	'	'	'
Total Cost, Buildings and Improvements	46,157,000	'	'	'
Total	56,653,000	'	'	'
Accumulated Depreciation	-633,000	'	'	'
Net Cost Basis	56,020,000	'	'	'
Date of Acquisition	'2013	'	'	'
Corporate Overhead [Member]	'	'	'	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'	'	'	'
Initial Cost to Company, Land	109,000	'	'	'
Initial Cost to Company, Buildings and Improvements	10,469,000	'	'	'
Total Cost, Land	109,000	'	'	'
Total Cost, Buildings and Improvements	10,469,000	'	'	'
Total	10,578,000	'	'	'
Accumulated Depreciation	-1,305,000	'	'	'
Net Cost Basis	$9,275,000	'	'	'

Schedule_III_Change_in_Total_R

Schedule III - Change in Total Real Estate Assets (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Change in total real estate assets	'	'	'
Balance, beginning of period	$507,845	$3,516	'
Acquisitions and building improvements	3,423,903	504,329	3,516
Dispositions	-8,124	'	'
Balance, end of period	$3,923,624	$507,845	$3,516

Schedule_III_Change_in_Accumul

Schedule III - Change in Accumulated Depreciation (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Change in accumulated depreciation	'	'	'
Balance, beginning of period	($2,132)	($21)	'
Depreciation	-60,254	-2,111	-21
Dispositions	184	'	'
Balance, end of period	($62,202)	($2,132)	($21)