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Investments in Real Estate (Tables)

6 Months Ended

Jun. 30, 2021

Real Estate [Abstract]

Summary of Investments in Real Estate

The following table summarizes our investments in real estate:

		As of June 30, 2021				As of December 31, 2020				Depreciable Lives (In years)
Land		$	260,581			$	251,365				—
Building			1,625,329				1,527,535				40
Furniture, fixtures and equipment			150,078				137,870			5-10
Total investment in real estate		$	2,035,988			$	1,916,770
Accumulated depreciation			(231,866	)			(208,618	)
Investments in real estate, net		$	1,804,122			$	1,708,152

Summary of Held for Sale Property

Property Name		Location		Units				Net Carrying Value
King's Landing		St. Louis, MO			152			$	27,910
Total					152			$	27,910

Summary of Fair Value of Assets and Liabilities

The following table summarizes the aggregate relative fair value of the assets and liabilities associated with the properties acquired during the six-month period ended June 30, 2021, on the date of acquisition, accounted for under FASB ASC Topic 805-50-15-3.

Description		Fair Value of Assets Acquired During the Six Months Ended June 30, 2021
Assets acquired:
Investments in real estate (a)		$	139,336
Other assets			33
Intangible assets			757
Total assets acquired		$	140,126
Liabilities assumed:
Accounts payable and accrued expenses		$	795
Other liabilities			100
Total liabilities assumed			895
Estimated fair value of net assets acquired		$	139,231

(a) Included $177 of property related acquisition costs capitalized during the six months ended June 30, 2021.

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- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
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- Definition

Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
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