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Investments in Single-Family Residential Properties (Tables)

9 Months Ended

Sep. 30, 2020

Real Estate [Abstract]

Schedule of property carrying amount

The following table sets forth the net carrying amount associated with our properties by component:

						September 30, 2020						December 31, 2019
Land						$	4,501,831					$	4,499,346
Single-family residential property						13,386,936						13,121,179
Capital improvements						511,034						513,269
Equipment						113,359						113,370
Total gross investments in the properties						18,513,160						18,247,164
Less: accumulated depreciation						(2,381,059)						(2,003,972)
Investments in single-family residential properties, net						$	16,132,101					$	16,243,192

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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- References

No definition available.

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