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Investments in Real Estate | 3 Months Ended
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Mar. 31, 2023
Real Estate [Abstract] |
Investments in Real Estate | NOTE 3: Investments in Real Estate As of March 31, 2023, our investments in real estate consisted of 119 apartment properties (unaudited) that contain 35,249 units (unaudited). The following table summarizes our investments in real estate:
| As of March 31, 2023 |  | As of December 31, 2022 |  | Depreciable Lives (In years)
Land | $ | 579,094 |  |  | $ | 579,094 |  |  | —
Building | 5,697,855 |  |  | 5,695,711 |  |  | 40
Furniture, fixtures and equipment | 371,958 |  |  | 340,438 |  |  | 5-10
Total investments in real estate | $ | 6,648,907 |  |  | $ | 6,615,243 |  |  |
Accumulated depreciation | (475,001) |  |  | (425,034) |  |  |
Investments in real estate, net | $ | 6,173,906 |  |  | $ | 6,190,209 |  |  |
Dispositions On February 28, 2023, we sold Eagle Lake Landing apartments located in Indianapolis, Indiana for $37,300 and recognized a gain on sale of $985.

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- References No definition available. + Details
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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 https://asc.fasb.org/extlink&oid=124259787&loc=d3e4437-111522 + Details
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