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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Disaggregated Revenue by Source
The table below presents our revenues disaggregated by revenue source.
For the year ended December 31,
202220212020
Rental revenue (1)$601,201 $240,829 $203,512 
Other property revenue (2)26,213 8,663 7,655 
Other revenue1,111 760 739 
Total revenue$628,525 $250,252 $211,906 
(1)Amounts include all revenue streams derived from lease and non-lease components accounted for under ASC 842.
(2)Amounts include revenue related to activities that are not considered components of a lease, including application fees and administrative fees, as well as revenue not related to leasing activities, including vendor revenue sharing. All amounts are accounted for under FASB ASC Topic 606 “Revenue from Contracts with Customers” (“ASC 606”).
Schedule of Carrying Amount and Fair Value of Financial Instrument The following table summarizes the carrying amount and the fair value of our financial instruments as of the periods indicated:
As of December 31, 2022
As of December 31, 2021
Financial InstrumentCarrying
Amount
Estimated
Fair Value
Carrying
Amount
Estimated
Fair Value
Assets
Cash and cash equivalents$16,084 $16,084 $35,972 $35,972 
Restricted cash27,933 27,933 29,699 29,699 
Derivative assets41,109 41,109 2,488 2,488 
Liabilities
Debt:
Unsecured Revolver164,283 169,842 274,109 274,109 
Unsecured Term loans596,612 611,265 497,951 497,951 
Secured credit facilities660,542 580,332 664,618 668,352 
Mortgages1,210,208 1,088,579 1,268,658 1,282,495 
Derivative liabilities — — 11,896 11,896