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Investments in Real Estate

3 Months Ended

Mar. 31, 2021

Real Estate [Abstract]

Investments in Real Estate

NOTE 3: Investments in Real Estate

As of March 31, 2021, our investments in real estate consisted of 56 apartment properties that contain 15,667 units.  The following table summarizes our investments in real estate:   

		As of March 31, 2021				As of December 31, 2020				Depreciable Lives (In years)
Land		$	251,425			$	251,365				—
Building			1,527,535				1,527,535				40
Furniture, fixtures and equipment			143,111				137,870			5-10
Total investment in real estate		$	1,922,071			$	1,916,770
Accumulated depreciation			(223,187	)			(208,618	)
Investments in real estate, net		$	1,698,884			$	1,708,152

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- References

No definition available.

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- Definition

The entire disclosure for real estate owned (as defined). Generally, the largest component of real estate owned by lenders is assets taken in settlement of troubled loans through surrender or foreclosure. Real estate investments, real estate loans that qualify as investments in real estate, and premises that are no longer used in operations may also be included in real estate owned.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121593590&loc=d3e4437-111522

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