XML 37 R21.htm IDEA: XBRL DOCUMENT v3.20.4
Schedule III - Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2020
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, 2020

(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

 

 

$

-

 

 

$

6,006

 

 

$

3,254

 

 

$

19,023

 

 

$

(6,863

)

 

$

(5,996

)

 

2011

Runaway Bay

 

Indianapolis, IN

 

 

3,079

 

 

 

12,318

 

 

 

-

 

 

 

1,434

 

 

 

3,079

 

 

 

13,752

 

 

 

(3,115

)

 

 

(8,745

)

 

2012

Windrush

 

Edmond, OK

 

 

1,677

 

 

 

7,464

 

 

 

-

 

 

 

1,011

 

 

 

1,677

 

 

 

8,475

 

 

 

(1,673

)

 

 

-

 

 

2014

Heritage Park

 

Oklahoma, OK

 

 

4,234

 

 

 

12,232

 

 

 

-

 

 

 

3,365

 

 

 

4,234

 

 

 

15,597

 

 

 

(3,447

)

 

 

-

 

 

2014

Raindance

 

Oklahoma, OK

 

 

3,503

 

 

 

10,051

 

 

 

-

 

 

 

2,344

 

 

 

3,503

 

 

 

12,395

 

 

 

(2,690

)

 

 

-

 

 

2014

Augusta

 

Oklahoma, OK

 

 

1,296

 

 

 

9,930

 

 

 

-

 

 

 

1,468

 

 

 

1,296

 

 

 

11,398

 

 

 

(2,191

)

 

 

-

 

 

2014

Invitational

 

Oklahoma, OK

 

 

1,924

 

 

 

16,852

 

 

 

-

 

 

 

2,127

 

 

 

1,924

 

 

 

18,979

 

 

 

(3,630

)

 

 

-

 

 

2014

Kings Landing

 

Creve Coeur, MO

 

 

2,513

 

 

 

29,873

 

 

 

-

 

 

 

1,278

 

 

 

2,513

 

 

 

31,151

 

 

 

(5,632

)

 

 

(19,862

)

 

2014

Walnut Hill

 

Cordova, TN

 

 

2,230

 

 

 

25,251

 

 

 

-

 

 

 

2,307

 

 

 

2,230

 

 

 

27,558

 

 

 

(4,684

)

 

 

(18,650

)

 

2014

Lenox Place

 

Raleigh, NC

 

 

3,480

 

 

 

20,482

 

 

 

-

 

 

 

1,212

 

 

 

3,480

 

 

 

21,694

 

 

 

(3,746

)

 

 

(15,991

)

 

2014

Stonebridge Crossing

 

Memphis, TN

 

 

3,100

 

 

 

26,223

 

 

 

-

 

 

 

7,852

 

 

 

3,100

 

 

 

34,075

 

 

 

(6,662

)

 

 

(19,370

)

 

2014

Bennington Pond

 

Groveport, OH

 

 

2,400

 

 

 

14,828

 

 

 

-

 

 

 

1,421

 

 

 

2,400

 

 

 

16,249

 

 

 

(2,923

)

 

 

(11,375

)

 

2014

Prospect Park

 

Louisville, KY

 

 

2,837

 

 

 

11,193

 

 

 

-

 

 

 

1,001

 

 

 

2,837

 

 

 

12,194

 

 

 

(2,035

)

 

 

(9,075

)

 

2014

Brookside

 

Louisville, KY

 

 

3,947

 

 

 

16,503

 

 

 

-

 

 

 

876

 

 

 

3,947

 

 

 

17,379

 

 

 

(2,980

)

 

 

(13,229

)

 

2014

Jamestown

 

Louisville, KY

 

 

7,034

 

 

 

27,730

 

 

 

-

 

 

 

10,775

 

 

 

7,034

 

 

 

38,505

 

 

 

(8,467

)

 

 

(22,496

)

 

2014

Oxmoor

 

Louisville, KY

 

 

7,411

 

 

 

47,095

 

 

 

-

 

 

 

9,898

 

 

 

7,411

 

 

 

56,993

 

 

 

(10,262

)

 

 

(35,213

)

 

2014

Meadows

 

Louisville, KY

 

 

6,857

 

 

 

30,030

 

 

 

-

 

 

 

2,669

 

 

 

6,857

 

 

 

32,699

 

 

 

(5,578

)

 

 

(23,838

)

 

2014

Bayview Club

 

Indianapolis, IN

 

 

2,525

 

 

 

22,506

 

 

 

-

 

 

 

1,733

 

 

 

2,525

 

 

 

24,239

 

 

 

(3,888

)

 

 

-

 

 

2015

Arbors River Oaks

 

Memphis, TN

 

 

2,100

 

 

 

19,045

 

 

 

-

 

 

 

3,721

 

 

 

2,100

 

 

 

22,766

 

 

 

(3,797

)

 

 

-

 

 

2015

Aston

 

Wake Forest, NC

 

 

3,450

 

 

 

34,333

 

 

 

-

 

 

 

963

 

 

 

3,450

 

 

 

35,296

 

 

 

(4,860

)

 

 

(24,561

)

 

2015

Avenues at Craig Ranch

 

McKinney, TX

 

 

5,500

 

 

 

42,054

 

 

 

-

 

 

 

1,313

 

 

 

5,500

 

 

 

43,367

 

 

 

(5,948

)

 

 

(30,309

)

 

2015

Bridge Pointe

 

Huntsville, AL

 

 

1,500

 

 

 

14,306

 

 

 

-

 

 

 

780

 

 

 

1,500

 

 

 

15,086

 

 

 

(2,225

)

 

 

-

 

 

2015

Creekstone at RTP

 

Durham, NC

 

 

5,376

 

 

 

32,727

 

 

 

-

 

 

 

861

 

 

 

5,376

 

 

 

33,588

 

 

 

(4,630

)

 

 

(21,234

)

 

2015

Fountains Southend

 

Charlotte, NC

 

 

4,368

 

 

 

37,254

 

 

 

-

 

 

 

682

 

 

 

4,368

 

 

 

37,936

 

 

 

(5,123

)

 

 

(22,134

)

 

2015

Fox Trails

 

Plano, TX

 

 

5,700

 

 

 

21,944

 

 

 

-

 

 

 

2,988

 

 

 

5,700

 

 

 

24,932

 

 

 

(3,926

)

 

 

-

 

 

2015

Millenia 700

 

Orlando, FL

 

 

5,500

 

 

 

41,752

 

 

 

-

 

 

 

1,860

 

 

 

5,500

 

 

 

43,612

 

 

 

(6,148

)

 

 

-

 

 

2015

Miller Creek at German Town

 

Memphis, TN

 

 

3,300

 

 

 

53,504

 

 

 

-

 

 

 

919

 

 

 

3,300

 

 

 

54,423

 

 

 

(7,321

)

 

 

-

 

 

2015

Pointe at Canyon Ridge

 

Atlanta, GA

 

 

11,100

 

 

 

36,995

 

 

 

-

 

 

 

8,480

 

 

 

11,100

 

 

 

45,475

 

 

 

(8,252

)

 

 

-

 

 

2015

St James at Goose Creek

 

Goose Creek, SC

 

 

3,780

 

 

 

27,695

 

 

 

-

 

 

 

923

 

 

 

3,780

 

 

 

28,618

 

 

 

(4,054

)

 

 

-

 

 

2015

Talison Row at Daniel Island

 

Daniel Island, SC

 

 

5,480

 

 

 

41,409

 

 

 

-

 

 

 

899

 

 

 

5,480

 

 

 

42,308

 

 

 

(5,796

)

 

 

(30,971

)

 

2015

Vue at Knoll Trail

 

Dallas, TX

 

 

3,100

 

 

 

6,077

 

 

 

-

 

 

 

665

 

 

 

3,100

 

 

 

6,742

 

 

 

(1,016

)

 

 

-

 

 

2015

Waterstone at Brier Creek

 

Raleigh, NC

 

 

4,200

 

 

 

34,651

 

 

 

-

 

 

 

733

 

 

 

4,200

 

 

 

35,384

 

 

 

(4,811

)

 

 

(11,850

)

 

2015

Waterstone Big Creek

 

Alpharetta, GA

 

 

7,600

 

 

 

61,971

 

 

 

-

 

 

 

740

 

 

 

7,600

 

 

 

62,711

 

 

 

(8,395

)

 

 

(48,285

)

 

2015

Westmont Commons

 

Asheville, NC

 

 

2,750

 

 

 

25,225

 

 

 

-

 

 

 

975

 

 

 

2,750

 

 

 

26,200

 

 

 

(3,728

)

 

 

-

 

 

2015

Lakes at Northdale

 

Tampa, FL

 

 

3,898

 

 

 

25,543

 

 

 

-

 

 

 

1,378

 

 

 

3,898

 

 

 

26,921

 

 

 

(2,891

)

 

 

-

 

 

2017

Haverford Place

 

Lexington, KY

 

 

3,927

 

 

 

10,100

 

 

 

-

 

 

 

1,703

 

 

 

3,927

 

 

 

11,803

 

 

 

(1,575

)

 

 

-

 

 

2017

Village at Auburn Hills

 

Durham, NC

 

 

5,621

 

 

 

36,923

 

 

 

-

 

 

 

7,645

 

 

 

5,621

 

 

 

44,568

 

 

 

(6,077

)

 

 

-

 

 

2017

Cherry Grove

 

North Myrtle Beach, SC

 

 

550

 

 

 

15,369

 

 

 

-

 

 

 

1,523

 

 

 

550

 

 

 

16,892

 

 

 

(1,711

)

 

 

-

 

 

2017

Commons at Canal Winchester

 

Canal Winchester, OH

 

 

3,400

 

 

 

20,703

 

 

 

-

 

 

 

3,441

 

 

 

3,400

 

 

 

24,144

 

 

 

(2,581

)

 

 

-

 

 

2017

Schirm Farms

 

Canal Winchester, OH

 

 

3,960

 

 

 

19,488

 

 

 

-

 

 

 

2,886

 

 

 

3,960

 

 

 

22,374

 

 

 

(2,464

)

 

 

-

 

 

2017

Riverchase

 

Indianapolis, IN

 

 

1,460

 

 

 

17,250

 

 

 

-

 

 

 

1,014

 

 

 

1,460

 

 

 

18,264

 

 

 

(1,704

)

 

 

-

 

 

2017

Tides at Calabash

 

Wilmington, NC

 

 

1,880

 

 

 

12,214

 

 

 

-

 

 

 

536

 

 

 

1,880

 

 

 

12,750

 

 

 

(1,117

)

 

 

-

 

 

2017

Brunswick Point

 

Wilmington, NC

 

 

2,150

 

 

 

28,214

 

 

 

-

 

 

 

2,146

 

 

 

2,150

 

 

 

30,360

 

 

 

(2,810

)

 

 

(18,522

)

 

2017

Creekside Corners

 

Lithonia, GA

 

 

6,140

 

 

 

37,285

 

 

 

-

 

 

 

5,987

 

 

 

6,140

 

 

 

43,272

 

 

 

(4,408

)

 

 

(22,796

)

 

2018

Hartshire Lakes

 

Bargersville, IN

 

 

3,070

 

 

 

24,210

 

 

 

-

 

 

 

1,236

 

 

 

3,070

 

 

 

25,446

 

 

 

(2,127

)

 

 

(15,532

)

 

2018

The Chelsea

 

Columbus, OH

 

 

2,739

 

 

 

33,698

 

 

 

-

 

 

 

661

 

 

 

2,739

 

 

 

34,359

 

 

 

(2,630

)

 

 

-

 

 

2018

Avalon Oaks

 

Columbus, OH

 

 

4,189

 

 

 

18,301

 

 

 

-

 

 

 

3,096

 

 

 

4,189

 

 

 

21,397

 

 

 

(1,780

)

 

 

-

 

 

2018

Vantage on Hillsborough

 

Tampa, FL

 

 

10,671

 

 

 

31,953

 

 

 

967

 

 

 

7,853

 

 

 

11,638

 

 

 

39,806

 

 

 

(3,374

)

 

 

-

 

 

2018

Collier Park

 

Grove City, OH

 

 

2,325

 

 

 

18,688

 

 

 

-

 

 

 

757

 

 

 

2,325

 

 

 

19,445

 

 

 

(1,311

)

 

 

-

 

 

2018

Waterford Landing

 

McDonough, GA

 

 

2,867

 

 

 

27,477

 

 

 

-

 

 

 

2,551

 

 

 

2,867

 

 

 

30,028

 

 

 

(1,888

)

 

 

(15,058

)

 

2018

Lucerne

 

Brandon, FL

 

 

3,114

 

 

 

43,540

 

 

 

-

 

 

 

3,589

 

 

 

3,114

 

 

 

47,129

 

 

 

(3,006

)

 

 

-

 

 

2018

North Park

 

Stockbridge, GA

 

 

2,848

 

 

 

24,933

 

 

 

-

 

 

 

1,613

 

 

 

2,848

 

 

 

26,546

 

 

 

(1,231

)

 

 

-

 

 

2019

Rocky Creek

 

Tampa, FL

 

 

15,669

 

 

 

31,979

 

 

 

-

 

 

 

989

 

 

 

15,669

 

 

 

32,968

 

 

 

(1,229

)

 

 

-

 

 

2019

Thornhill

 

Raleigh, NC

 

 

12,282

 

 

 

40,207

 

 

 

-

 

 

 

947

 

 

 

12,282

 

 

 

41,154

 

 

 

(1,239

)

 

 

-

 

 

2019

The Adley

 

McKinney, TX

 

 

4,673

 

 

 

46,389

 

 

 

-

 

 

 

39

 

 

 

4,673

 

 

 

46,428

 

 

 

(969

)

 

 

-

 

 

2020

Legacy at Jones Farm

 

Huntsville, AL

 

 

14,860

 

 

 

78,552

 

 

 

-

 

 

 

-

 

 

 

14,860

 

 

 

78,552

 

 

 

-

 

 

 

-

 

 

2020

Total Investment in Real Estate

 

 

 

$

250,398

 

 

$

1,527,536

 

 

$

967

 

 

$

137,869

 

 

$

251,365

 

 

$

1,665,405

 

 

$

(208,618

)

 

$

(465,092

)

 

 


 

Investments in Real Estate

 

December 31, 2020

 

 

December 31, 2019

 

 

December 31, 2018 (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

1,796,365

 

 

$

1,745,640

 

 

$

1,504,156

 

Additions during period:

 

 

 

 

 

 

 

 

 

 

 

 

Acquisitions

 

 

145,340

 

 

 

127,908

 

 

 

270,220

 

Improvements to land and building

 

 

35,783

 

 

 

45,623

 

 

 

41,587

 

Deductions during period:

 

 

 

 

 

 

 

 

 

 

 

 

Dispositions of real estate

 

 

(56,797

)

 

 

(121,865

)

 

 

(69,915

)

Asset write-offs

 

 

(3,921

)

 

 

(941

)

 

 

(408

)

Balance, end of period:

 

$

1,916,770

 

 

$

1,796,365

 

 

$

1,745,640

 

 

 

 

For the year ended

 

Accumulated Depreciation

 

December 31, 2020

 

 

December 31, 2019

 

 

December 31, 2018 (a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

158,435

 

 

$

120,202

 

 

$

84,097

 

Depreciation expense

 

 

59,717

 

 

 

50,955

 

 

 

41,652

 

Dispositions of real estate

 

 

(5,613

)

 

 

(11,781

)

 

 

(5,139

)

Asset write-off

 

 

(3,921

)

 

 

(941

)

 

 

(408

)

Balance, end of period:

 

$

208,618

 

 

$

158,435

 

 

$

120,202

 

 

 

(a)

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