XML 47 R21.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Schedule III - Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2019
Real Estate And Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation

Independence Realty Trust

Schedule III - Real Estate and Accumulated Depreciation

As of December 31, 2019

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of

 

 

Gross Carrying

 

 

Accumulated

 

 

Encumbrances

 

 

 

Property

 

 

 

Initial Cost

 

 

Improvements,

 

 

Amount

 

 

Depreciation-

 

 

(Unpaid

 

 

Year of

Name

 

Location

 

Land

 

 

Building

 

 

Land

 

 

Building

 

 

Land

 

 

Building

 

 

Building

 

 

Principal)

 

 

Acquisition

Crestmont

 

Marietta, GA

 

$

3,254

 

 

$

13,017

 

 

$

-

 

 

$

5,723

 

 

$

3,254

 

 

$

18,740

 

 

$

(5,590

)

 

$

(6,113

)

 

2011

Runaway Bay

 

Indianapolis, IN

 

 

3,079

 

 

 

12,318

 

 

 

-

 

 

 

1,279

 

 

 

3,079

 

 

 

13,597

 

 

 

(2,717

)

 

 

(8,978

)

 

2012

Windrush

 

Edmond, OK

 

 

1,677

 

 

 

7,464

 

 

 

-

 

 

 

841

 

 

 

1,677

 

 

 

8,305

 

 

 

(1,417

)

 

 

 

 

2014

Heritage Park

 

Oklahoma, OK

 

 

4,234

 

 

 

12,232

 

 

 

-

 

 

 

2,772

 

 

 

4,234

 

 

 

15,004

 

 

 

(2,816

)

 

 

 

 

2014

Raindance

 

Oklahoma, OK

 

 

3,503

 

 

 

10,051

 

 

 

-

 

 

 

2,127

 

 

 

3,503

 

 

 

12,178

 

 

 

(2,267

)

 

 

 

 

2014

Augusta

 

Oklahoma, OK

 

 

1,296

 

 

 

9,930

 

 

 

-

 

 

 

1,127

 

 

 

1,296

 

 

 

11,057

 

 

 

(1,878

)

 

 

 

 

2014

Invitational

 

Oklahoma, OK

 

 

1,924

 

 

 

16,852

 

 

 

-

 

 

 

2,012

 

 

 

1,924

 

 

 

18,864

 

 

 

(3,048

)

 

 

 

 

2014

Kings Landing

 

Creve Coeur, MO

 

 

2,513

 

 

 

29,873

 

 

 

-

 

 

 

1,193

 

 

 

2,513

 

 

 

31,066

 

 

 

(4,728

)

 

 

(20,263

)

 

2014

Walnut Hill

 

Cordova, TN

 

 

2,230

 

 

 

25,251

 

 

 

-

 

 

 

1,632

 

 

 

2,230

 

 

 

26,883

 

 

 

(4,101

)

 

 

(18,650

)

 

2014

Lenox Place

 

Raleigh, NC

 

 

3,480

 

 

 

20,482

 

 

 

-

 

 

 

1,156

 

 

 

3,480

 

 

 

21,638

 

 

 

(3,158

)

 

 

(15,991

)

 

2014

Stonebridge Crossing

 

Memphis, TN

 

 

3,100

 

 

 

26,223

 

 

 

-

 

 

 

6,429

 

 

 

3,100

 

 

 

32,652

 

 

 

(4,941

)

 

 

(19,370

)

 

2014

Bennington Pond

 

Groveport, OH

 

 

2,400

 

 

 

14,828

 

 

 

-

 

 

 

1,290

 

 

 

2,400

 

 

 

16,118

 

 

 

(2,506

)

 

 

(11,375

)

 

2014

Prospect Park

 

Louisville, KY

 

 

2,837

 

 

 

11,193

 

 

 

-

 

 

 

828

 

 

 

2,837

 

 

 

12,021

 

 

 

(1,662

)

 

 

(9,230

)

 

2014

Brookside

 

Louisville, KY

 

 

3,947

 

 

 

16,503

 

 

 

-

 

 

 

1,134

 

 

 

3,947

 

 

 

17,637

 

 

 

(2,490

)

 

 

(13,455

)

 

2014

Jamestown

 

Louisville, KY

 

 

7,034

 

 

 

27,730

 

 

 

-

 

 

 

10,029

 

 

 

7,034

 

 

 

37,759

 

 

 

(6,205

)

 

 

(22,880

)

 

2014

Oxmoor

 

Louisville, KY

 

 

7,411

 

 

 

47,095

 

 

 

-

 

 

 

7,820

 

 

 

7,411

 

 

 

54,915

 

 

 

(7,634

)

 

 

(35,815

)

 

2014

Meadows

 

Louisville, KY

 

 

6,857

 

 

 

30,030

 

 

 

-

 

 

 

2,410

 

 

 

6,857

 

 

 

32,440

 

 

 

(4,590

)

 

 

(24,245

)

 

2014

Bayview Club

 

Indianapolis, IN

 

 

2,525

 

 

 

22,506

 

 

 

-

 

 

 

1,743

 

 

 

2,525

 

 

 

24,249

 

 

 

(3,222

)

 

 

 

 

2015

Arbors River Oaks

 

Memphis, TN

 

 

2,100

 

 

 

19,045

 

 

 

-

 

 

 

2,794

 

 

 

2,100

 

 

 

21,839

 

 

 

(2,764

)

 

 

 

 

2015

Aston

 

Wake Forest, NC

 

 

3,450

 

 

 

34,333

 

 

 

-

 

 

 

702

 

 

 

3,450

 

 

 

35,035

 

 

 

(3,851

)

 

 

(25,050

)

 

2015

Avenues at Craig Ranch

 

McKinney, TX

 

 

5,500

 

 

 

42,054

 

 

 

-

 

 

 

806

 

 

 

5,500

 

 

 

42,860

 

 

 

(4,712

)

 

 

(30,941

)

 

2015

Bridge Pointe

 

Huntsville, AL

 

 

1,500

 

 

 

14,306

 

 

 

-

 

 

 

665

 

 

 

1,500

 

 

 

14,971

 

 

 

(1,753

)

 

 

 

 

2015

Creekstone at RTP

 

Durham, NC

 

 

5,376

 

 

 

32,727

 

 

 

-

 

 

 

627

 

 

 

5,376

 

 

 

33,354

 

 

 

(3,680

)

 

 

(21,713

)

 

2015

Fountains Southend

 

Charlotte, NC

 

 

4,368

 

 

 

37,254

 

 

 

-

 

 

 

554

 

 

 

4,368

 

 

 

37,808

 

 

 

(4,097

)

 

 

(22,582

)

 

2015

Fox Trails

 

Plano, TX

 

 

5,700

 

 

 

21,944

 

 

 

-

 

 

 

2,398

 

 

 

5,700

 

 

 

24,342

 

 

 

(2,946

)

 

 

 

 

2015

Lakeshore on the Hill

 

Chattanooga, TN

 

 

925

 

 

 

10,212

 

 

 

-

 

 

 

949

 

 

 

925

 

 

 

11,161

 

 

 

(1,342

)

 

 

 

 

2015

Millenia 700

 

Orlando, FL

 

 

5,500

 

 

 

41,752

 

 

 

-

 

 

 

1,478

 

 

 

5,500

 

 

 

43,230

 

 

 

(4,803

)

 

 

(28,252

)

 

2015

Miller Creek at German Town

 

Memphis, TN

 

 

3,300

 

 

 

53,504

 

 

 

-

 

 

 

537

 

 

 

3,300

 

 

 

54,041

 

 

 

(5,863

)

 

 

 

 

2015

Pointe at Canyon Ridge

 

Atlanta, GA

 

 

11,100

 

 

 

36,995

 

 

 

-

 

 

 

7,091

 

 

 

11,100

 

 

 

44,086

 

 

 

(5,945

)

 

 

 

 

2015

St James at Goose Creek

 

Goose Creek, SC

 

 

3,780

 

 

 

27,695

 

 

 

-

 

 

 

874

 

 

 

3,780

 

 

 

28,569

 

 

 

(3,288

)

 

 

 

 

2015

Talison Row at Daniel Island

 

Daniel Island, SC

 

 

5,480

 

 

 

41,409

 

 

 

-

 

 

 

686

 

 

 

5,480

 

 

 

42,095

 

 

 

(4,642

)

 

 

(31,640

)

 

2015

Trails at Signal Mountain

 

Chattanooga, TN

 

 

1,200

 

 

 

12,895

 

 

 

-

 

 

 

1,126

 

 

 

1,200

 

 

 

14,021

 

 

 

(1,678

)

 

 

 

 

2015

Vue at Knoll Trail

 

Dallas, TX

 

 

3,100

 

 

 

6,077

 

 

 

-

 

 

 

357

 

 

 

3,100

 

 

 

6,434

 

 

 

(780

)

 

 

 

 

2015

Waterstone at Brier Creek

 

Raleigh, NC

 

 

4,200

 

 

 

34,651

 

 

 

-

 

 

 

546

 

 

 

4,200

 

 

 

35,197

 

 

 

(3,843

)

 

 

(16,040

)

 

2015

Waterstone Big Creek

 

Alpharetta, GA

 

 

7,600

 

 

 

61,971

 

 

 

-

 

 

 

519

 

 

 

7,600

 

 

 

62,490

 

 

 

(6,739

)

 

 

(49,224

)

 

2015

Westmont Commons

 

Asheville, NC

 

 

2,750

 

 

 

25,225

 

 

 

-

 

 

 

682

 

 

 

2,750

 

 

 

25,907

 

 

 

(2,957

)

 

 

 

 

2015

Lakes at Northdale

 

Tampa, FL

 

 

3,898

 

 

 

25,543

 

 

 

-

 

 

 

1,006

 

 

 

3,898

 

 

 

26,549

 

 

 

(2,056

)

 

 

 

 

2017

Haverford Place

 

Lexington, KY

 

 

3,927

 

 

 

10,100

 

 

 

-

 

 

 

1,412

 

 

 

3,927

 

 

 

11,512

 

 

 

(1,022

)

 

 

 

 

2017

South Terrace

 

Durham, NC

 

 

5,621

 

 

 

36,923

 

 

 

-

 

 

 

6,715

 

 

 

5,621

 

 

 

43,638

 

 

 

(3,788

)

 

 

 

 

2017

Cherry Grove

 

North Myrtle Beach, SC

 

 

550

 

 

 

15,369

 

 

 

-

 

 

 

996

 

 

 

550

 

 

 

16,365

 

 

 

(1,099

)

 

 

 

 

2017

Kensington Commons

 

Canal Winchester, OH

 

 

3,400

 

 

 

20,703

 

 

 

-

 

 

 

2,337

 

 

 

3,400

 

 

 

23,040

 

 

 

(1,496

)

 

 

 

 

2017

Schirm Farms

 

Canal Winchester, OH

 

 

3,960

 

 

 

19,488

 

 

 

-

 

 

 

2,359

 

 

 

3,960

 

 

 

21,847

 

 

 

(1,468

)

 

 

 

 

2017

Riverchase

 

Indianapolis, IN

 

 

1,460

 

 

 

17,250

 

 

 

-

 

 

 

794

 

 

 

1,460

 

 

 

18,044

 

 

 

(1,107

)

 

 

 

 

2017

Live Oak Trace

 

Baton Rouge, LA

 

 

1,060

 

 

 

27,362

 

 

 

-

 

 

 

444

 

 

 

1,060

 

 

 

27,806

 

 

 

(1,548

)

 

 

 

 

2017

Tides at Calabash

 

Wilmington, NC

 

 

1,880

 

 

 

12,214

 

 

 

-

 

 

 

436

 

 

 

1,880

 

 

 

12,650

 

 

 

(722

)

 

 

 

 

2017

Brunswick Point

 

Wilmington, NC

 

 

2,150

 

 

 

28,214

 

 

 

-

 

 

 

1,819

 

 

 

2,150

 

 

 

30,033

 

 

 

(1,709

)

 

 

(18,828

)

 

2017

Creekside Corners

 

Lithonia, GA

 

 

6,140

 

 

 

37,285

 

 

 

-

 

 

 

4,486

 

 

 

6,140

 

 

 

41,771

 

 

 

(2,504

)

 

 

(23,169

)

 

2018

Hartshire Lakes

 

Bargersville, IN

 

 

3,070

 

 

 

24,210

 

 

 

-

 

 

 

960

 

 

 

3,070

 

 

 

25,170

 

 

 

(1,310

)

 

 

(15,780

)

 

2018

The Chelsea

 

Columbus, OH

 

 

2,739

 

 

 

33,698

 

 

 

-

 

 

 

450

 

 

 

2,739

 

 

 

34,148

 

 

 

(1,679

)

 

 

 

 

2018

Avalon Oaks

 

Columbus, OH

 

 

4,189

 

 

 

18,301

 

 

 

-

 

 

 

1,306

 

 

 

4,189

 

 

 

19,607

 

 

 

(1,014

)

 

 

 

 

2018

Bridgeview

 

Tampa, FL

 

 

10,671

 

 

 

31,953

 

 

 

-

 

 

 

4,611

 

 

 

10,671

 

 

 

36,564

 

 

 

(1,415

)

 

 

 

 

2018

Collier Park

 

Grove City, OH

 

 

2,325

 

 

 

18,688

 

 

 

-

 

 

 

543

 

 

 

2,325

 

 

 

19,231

 

 

 

(719

)

 

 

 

 

2018

Waterford Landing

 

McDonough, GA

 

 

2,867

 

 

 

27,477

 

 

 

-

 

 

 

982

 

 

 

2,867

 

 

 

28,459

 

 

 

(867

)

 

 

(15,292

)

 

2018

Lucerne

 

Brandon, FL

 

 

3,114

 

 

 

43,540

 

 

 

-

 

 

 

1,981

 

 

 

3,114

 

 

 

45,521

 

 

 

(1,328

)

 

 

 

 

2018

North Park

 

Stockbridge, GA

 

 

2,848

 

 

 

24,933

 

 

 

 

 

 

 

521

 

 

 

2,848

 

 

 

25,454

 

 

 

(427

)

 

 

 

 

2019

Rocky Creek

 

Tampa, FL

 

 

15,669

 

 

 

31,979

 

 

 

 

 

 

 

119

 

 

 

15,669

 

 

 

32,098

 

 

 

(336

)

 

 

 

 

2019

Thornhill

 

Raleigh, NC

 

 

12,282

 

 

 

40,197

 

 

 

 

 

 

 

48

 

 

 

12,282

 

 

 

40,245

 

 

 

(168

)

 

 

 

 

2019

Total Investment in Real Estate

 

 

 

$

234,050

 

 

$

1,453,052

 

 

$

 

 

$

109,263

 

 

$

234,050

 

 

$

1,562,315

 

 

$

(158,435

)

 

$

(504,876

)

 

 

 


 

 

For the year ended

 

Investments in Real Estate

 

December 31, 2019

 

 

December 31, 2018 (a)

 

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

1,745,640

 

 

$

1,504,156

 

 

$

1,319,350

 

Additions during period:

 

 

 

 

 

 

 

 

 

 

 

 

Acquisitions

 

 

127,908

 

 

 

270,220

 

 

 

241,071

 

Improvements to land and building

 

 

45,623

 

 

 

41,587

 

 

 

14,368

 

Deductions during period:

 

 

 

 

 

 

 

 

 

 

 

 

Dispositions of real estate

 

 

(121,865

)

 

 

(69,915

)

 

 

(70,633

)

Asset write-offs

 

 

(941

)

 

 

(408

)

 

 

 

Balance, end of period:

 

$

1,796,365

 

 

$

1,745,640

 

 

$

1,504,156

 

 

 

 

For the year ended

 

Accumulated Depreciation

 

December 31, 2019

 

 

December 31, 2018 (a)

 

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

120,202

 

 

$

84,097

 

 

$

60,719

 

Depreciation expense

 

 

50,955

 

 

 

41,652

 

 

 

32,586

 

Dispositions of real estate

 

 

(11,781

)

 

 

(5,139

)

 

 

(9,208

)

Asset write-off

 

 

(941

)

 

 

(408

)

 

 

 

Balance, end of period:

 

$

158,435

 

 

$

120,202

 

 

$

84,097

 

 

 

(a)

Includes properties classified as held for sale as of December 31, 2018.