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v3.23.2

Investments in Unconsolidated Real Estate - Summary of Investments In Unconsolidated Real Estate Entities (Details) $ in Thousands | 6 Months Ended |
--- | --- | ---
Jun. 30, 2023 USD ($) unit | Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items] |  |
Units | 1,641 |
Investments in unconsolidated real estate entities | $ | $ 99,968 | $ 80,220
Metropolis At Innsbrook |  |
Schedule of Equity Method Investments [Line Items] |  |
Number of units placed in service | 172 |
Number of remaining units placed in service | 230 |
Metropolis At Innsbrook | Richmond, VA |  |
Schedule of Equity Method Investments [Line Items] |  |
Units | 402 |
IRT ownership interest | 84.80% |
Investments in unconsolidated real estate entities | $ | $ 18,395 | 17,331
Views of Music City II/The Crockett |  |
Schedule of Equity Method Investments [Line Items] |  |
Number of real estate investment units complete | 199 |
Exercise period | 1 year |
Views of Music City II/The Crockett | Nashville, TN |  |
Schedule of Equity Method Investments [Line Items] |  |
Units | 408 |
IRT ownership interest | 50.00% |
Investments in unconsolidated real estate entities | $ | $ 11,555 | 11,363
Virtuoso |  |
Schedule of Equity Method Investments [Line Items] |  |
Number of real estate investment units complete | 178 |
Virtuoso | Huntsville, AL |  |
Schedule of Equity Method Investments [Line Items] |  |
Units | 178 |
IRT ownership interest | 90.00% |
Investments in unconsolidated real estate entities | $ | $ 12,860 | 14,422
Lakeline Station | Austin, TX |  |
Schedule of Equity Method Investments [Line Items] |  |
Units | 378 |
IRT ownership interest | 90.00% |
Investments in unconsolidated real estate entities | $ | $ 31,061 | 25,292
The Mustang | Austin, TX |  |
Schedule of Equity Method Investments [Line Items] |  |
Units | 275 |
IRT ownership interest | 85.00% |
Investments in unconsolidated real estate entities | $ | $ 26,097 | $ 11,812

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