Item 2. Properties
ITEM 2. PROPERTIES
The following table summarizes certain key single-family properties metrics as of December 31, 2020:
Market Number of Single-Family Properties (1)
% of Total Single-Family Properties Gross Book Value (millions) % of Gross Book Value Total Avg. Gross Book Value per Property Avg.
Sq. Ft. Avg. Property Age (years) Avg. Year
Purchased or Delivered
Atlanta, GA 4,977 9.4 % $ 922.2 9.2 % $ 185,301 2,165 17.4 2015
Dallas-Fort Worth, TX 4,313 8.2 % 720.6 7.3 % 167,085 2,117 16.7 2014
Charlotte, NC 3,811 7.2 % 756.6 7.6 % 198,541 2,100 16.2 2015
Phoenix, AZ 3,147 6.0 % 566.1 5.6 % 179,899 1,837 17.2 2015
Houston, TX 2,979 5.6 % 495.2 5.0 % 166,244 2,094 15.0 2014
Nashville, TN 2,907 5.5 % 634.2 6.3 % 218,157 2,109 15.1 2015
Indianapolis, IN 2,813 5.3 % 437.7 4.4 % 155,613 1,930 18.2 2013
Tampa, FL 2,464 4.7 % 501.8 5.0 % 203,648 1,945 14.5 2015
Jacksonville, FL 2,424 4.6 % 445.5 4.4 % 183,807 1,937 14.6 2015
Raleigh, NC 2,118 4.0 % 396.7 4.0 % 187,288 1,878 15.4 2015
Columbus, OH 2,062 3.9 % 361.8 3.6 % 175,438 1,870 18.9 2015
Cincinnati, OH 1,982 3.7 % 351.7 3.5 % 177,441 1,852 18.4 2013
Greater Chicago area, IL and IN 1,730 3.3 % 318.6 3.2 % 184,161 1,869 19.3 2013
Orlando, FL 1,743 3.3 % 324.5 3.3 % 186,200 1,903 18.4 2015
Salt Lake City, UT 1,595 3.0 % 416.2 4.0 % 260,946 2,182 16.9 2015
Charleston, SC 1,238 2.3 % 252.9 2.6 % 204,280 1,971 12.3 2016
Las Vegas, NV 1,127 2.1 % 215.1 2.0 % 190,839 1,854 16.5 2013
San Antonio, TX 938 1.8 % 153.4 1.5 % 163,531 2,023 16.6 2014
Savannah/Hilton Head, SC 917 1.7 % 168.7 1.7 % 183,967 1,871 12.8 2016
Denver, CO 831 1.6 % 249.8 2.5 % 300,562 2,103 18.3 2015
All Other (2)
6,757 12.8 % 1,310.5 13.3 % 193,950 1,876 15.8 2015
Total/Average 52,873 100.0 % $ 9,999.8 100.0 % $ 189,129 1,987 16.4 2014
(1) Excludes 711 single-family properties classified as held for sale as of December 31, 2020.
(2) Represents 15 markets in 14 states.
For details on material encumbrances on our properties, see “Schedule III—Real Estate and Accumulated Depreciation” included in Part IV, “Item 15. Exhibit and Financial Statement Schedules” of this Annual Report on Form 10-K.
Property and Management
We lease office space in Calabasas, California for our company headquarters, own commercial real estate in Las Vegas, Nevada for our operational headquarters and lease office space in 24 locations in 14 states.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.