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Investments in Single-Family Residential Properties | 12 Months Ended
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Dec. 31, 2022
Real Estate [Abstract] |
Investments in Single-Family Residential Properties | Investments in Single-Family Residential Properties The following table sets forth the net carrying amount associated with our properties by component:
|  | December 31, 2022 |  | December 31, 2021
Land |  | $ | 4,800,110 |  |  | $ | 4,737,938 |
Single-family residential property |  | 15,228,631 |  |  | 14,610,188 |
Capital improvements |  | 548,700 |  |  | 540,252 |
Equipment |  | 123,494 |  |  | 120,003 |
Total gross investments in the properties |  | 20,700,935 |  |  | 20,008,381 |
Less: accumulated depreciation |  | (3,670,561) |  |  | (3,073,059) |
Investments in single-family residential properties, net |  | $ | 17,030,374 |  |  | $ | 16,935,322 |
As of December 31, 2022 and 2021, the carrying amount of the residential properties above includes $129,341 and $125,236, respectively, of capitalized acquisition costs (excluding purchase price), along with $76,408 and $70,145, respectively, of capitalized interest, $30,435 and $28,211, respectively, of capitalized property taxes, $4,982 and $4,762, respectively, of capitalized insurance, and $3,627 and $3,280, respectively, of capitalized HOA fees. During the years ended December 31, 2022, 2021, and 2020, we recognized $629,301, $585,101, and $546,419, respectively, of depreciation expense related to the components of the properties, and $8,813, $7,034, and $6,111, respectively, of depreciation and amortization related to corporate furniture and equipment. These amounts are included in depreciation and amortization in the consolidated statements of operations. Further, during the years ended December 31, 2022, 2021, and 2020, impairments totaling $310, $650, and $4,578, respectively, have been recognized and are included in impairment and other in the consolidated statements of operations. See Note 11 for additional information regarding these impairments.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI https://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI https://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI https://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI https://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI https://asc.fasb.org/topic&trid=2134617 + Details
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