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Investments in Real Estate (Tables)

3 Months Ended

Mar. 31, 2022

Real Estate [Abstract]

Summary of Investments in Real Estate

The following table summarizes our investments in real estate:

			As of March 31, 2022						As of December 31, 2021						Depreciable Lives (In years)
Land			$	557,926					$	567,507					—
Building			5,550,022						5,622,492						40
Furniture, fixtures and equipment			274,376						272,356						5-10
Total investment in real estate			$	6,382,324					$	6,462,355
Accumulated depreciation			(283,666)						(243,475)
Investments in real estate, net			$	6,098,658					$	6,218,880

Summary of Held for Sale Property

The table below summarizes our held for sale properties.

Property Name						Net Carrying Value						Units (unaudited)
Meadows Apartments - Louisville, KY						$	35,594					400
Sycamore Terrace - Terra Haute, IN						45,398						250
Total						$	80,992					650

Summary of Disposition of Property

The following table summarizes our dispositions for the three months ended March 31, 2022:

Property Name						Date of Sale						Sale Price						Gain on sale
Riverchase						01/18/2022						$	31,000					$	12,901
Heritage Park						02/02/2022						48,500						31,366
Raindance						02/02/2022						47,500						33,748
Haverford						02/02/2022						31,050						16,697
Total												$	158,050					$	94,712

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