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v3.23.3

Investments in Unconsolidated Real Estate - Summary of Investments In Unconsolidated Real Estate Entities (Details) $ in Thousands | 9 Months Ended |  |  |
--- | --- | --- | --- | ---
Sep. 30, 2023 USD ($) unit | Oct. 02, 2023 unit | Mar. 31, 2023 unit | Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 1,463 |  |  |
Investments in unconsolidated real estate entities | $ | $ 87,592 |  |  | $ 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 | VIRGINIA |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 402 |  |  |
IRT Ownership Interest | 84.80% |  |  |
Investments in unconsolidated real estate entities | $ | $ 17,576 |  |  | 17,331
Views of Music City / The Crockett |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Number of remaining units placed in service | 121 |  | 199 |
Views of Music City / The Crockett | Subsequent Event |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Number of remaining units placed in service |  | 209 |  |
Views of Music City / The Crockett | TENNESSEE |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 408 |  |  |
IRT Ownership Interest | 50.00% |  |  |
Investments in unconsolidated real estate entities | $ | $ 11,632 |  |  | 11,363
Lakeline Station | TEXAS |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 378 |  |  |
IRT Ownership Interest | 90.00% |  |  |
Investments in unconsolidated real estate entities | $ | $ 31,585 |  |  | 25,292
The Mustang | TEXAS |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 275 |  |  |
IRT Ownership Interest | 85.00% |  |  |
Investments in unconsolidated real estate entities | $ | $ 26,799 |  |  | 11,812
Virtuoso |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
IRT Ownership Interest | 90.00% |  |  |
Number of remaining units placed in service | 178 |  |  |
Virtuoso | ALABAMA |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |
Units | 0 |  |  |
IRT Ownership Interest | 90.00% |  |  |
Investments in unconsolidated real estate entities | $ | $ 0 |  |  | $ 14,422

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