v3.26.1
Real Estate Assets, Net - Schedule of Real Estate Properties (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net $ 11,128,067 $ 11,011,633
Development land 431,483 559,174
Single-family properties under development 558,128 674,412
Single-family properties and land held for sale, net 208,376 225,861
Total real estate assets, net 12,326,054 12,471,080
Occupied single-family properties    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 10,628,677 10,305,764
Single-family properties leased, not yet occupied    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 175,936 117,861
Single-family properties in turnover process    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 288,690 511,535
Single-family properties recently renovated or developed    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 34,764 74,940
Single-family properties newly acquired and under renovation    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Single-family properties in operation, net 0 1,533
Single Family Homes    
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]    
Total real estate assets, net $ 12,326,054 $ 12,471,080