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Investments in Single-Family Residential Properties | 3 Months Ended
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Mar. 31, 2023
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:
|  | March 31, 2023 |  | December 31, 2022
Land |  | $ | 4,789,118 |  |  | $ | 4,800,110 |
Single-family residential property |  | 15,271,234 |  |  | 15,228,631 |
Capital improvements |  | 548,449 |  |  | 548,700 |
Equipment |  | 123,595 |  |  | 123,494 |
Total gross investments in the properties |  | 20,732,396 |  |  | 20,700,935 |
Less: accumulated depreciation |  | (3,818,228) |  |  | (3,670,561) |
Investments in single-family residential properties, net |  | $ | 16,914,168 |  |  | $ | 17,030,374 |
As of March 31, 2023 and December 31, 2022, the carrying amount of the residential properties above includes $130,039 and $129,341, respectively, of capitalized acquisition costs (excluding purchase price), along with $76,634 and $76,408, respectively, of capitalized interest, $30,439 and $30,435, respectively, of capitalized property taxes, $4,986 and $4,982, respectively, of capitalized insurance, and $3,627 and $3,627, respectively, of capitalized homeowners’ association (“HOA”) fees. During the three months ended March 31, 2023 and 2022, we recognized $162,084 and $153,640, respectively, of depreciation expense related to the components of the properties, and $2,589 and $2,156, respectively, of depreciation and amortization related to corporate furniture and equipment. These amounts are included in depreciation and amortization in the condensed consolidated statements of operations. Further, during the three months ended March 31, 2023 and 2022, impairments totaling $178 and $101, respectively, have been recognized and are included in impairment and other in the condensed 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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