XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Investments in Real Estate - Summary of Held for Sale Property (Details) $ in Thousands |  |  |  |  |  |  | 3 Months Ended | 6 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | ---
Jul. 17, 2024 USD ($) housingUnit | Apr. 30, 2024 USD ($) housingUnit | Mar. 28, 2024 USD ($) housingUnit | Mar. 25, 2024 USD ($) housingUnit | Mar. 12, 2024 USD ($) housingUnit | Feb. 13, 2024 USD ($) housingUnit | Mar. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) | Jun. 30, 2024 USD ($) housingUnit
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Units (unaudited) | housingUnit |  |  |  |  |  |  |  |  | 1,746
Sale Price |  |  |  |  |  |  |  |  | $ 324,625
Gain on Sale (Loss on Impairment), Net |  |  |  |  |  |  |  |  | 25,485
Impairment of real estate |  |  |  |  |  |  | $ 15,107 | $ 32,956 | $ 15,107
Gain related to property includes defeasance costs |  |  |  |  |  |  |  | $ 1,105 |
Villas of Kingwood |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Units (unaudited) | housingUnit |  |  |  |  |  | 330 |  |  |
Sale Price |  |  |  |  |  | $ 53,700 |  |  |
Gain on Sale (Loss on Impairment), Net |  |  |  |  |  | $ 62 |  |  |
Belmar Villas |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Units (unaudited) | housingUnit |  |  |  |  |  | 318 |  |  |
Sale Price |  |  |  |  |  | $ 74,300 |  |  |
Gain on Sale (Loss on Impairment), Net |  |  |  |  |  | $ 46 |  |  |
Hearthstone at City Center |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Units (unaudited) | housingUnit |  |  |  |  | 360 |  |  |  |
Sale Price |  |  |  |  | $ 74,000 |  |  |  |
Gain on Sale (Loss on Impairment), Net |  |  |  |  | $ 88 |  |  |  |
Villas at Huffmeister |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Units (unaudited) | housingUnit |  |  |  | 294 |  |  |  |  |
Sale Price |  |  |  | $ 44,250 |  |  |  |  |
Gain on Sale (Loss on Impairment), Net |  |  |  | $ (415) |  |  |  |  |
Westmont Commons |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Units (unaudited) | housingUnit |  |  | 252 |  |  |  |  |  |
Sale Price |  |  | $ 49,875 |  |  |  |  |  |
Gain on Sale (Loss on Impairment), Net |  |  | $ 25,856 |  |  |  |  |  |
Reserve at Creekside |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Units (unaudited) | housingUnit |  | 192 |  |  |  |  |  |  |
Sale Price |  | $ 28,500 |  |  |  |  |  |  |
Gain on Sale (Loss on Impairment), Net |  | $ (152) |  |  |  |  |  |  |
Tapestry Park | Subsequent Event |  |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |  |
Sale Price | $ 70,800 |  |  |  |  |  |  |  |
Units (unaudited) | housingUnit | 354 |  |  |  |  |  |  |  |

X
- Definition Defeasance and Debt Prepayment Gains + References No definition available. + Details
Name: | irt_DefeasanceAndDebtPrepaymentGains
Namespace Prefix: | irt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Gains (losses) on sales of investment real estate during period. + References No definition available. + Details
Name: | irt_GainsLossesOnSalesOfInvestmentRealEstateDuringPeriod
Namespace Prefix: | irt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number Of Units In Real Estate Property Disposed + References No definition available. + Details
Name: | irt_NumberOfUnitsInRealEstatePropertyDisposed
Namespace Prefix: | irt_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of units In real estate property held for sale. + References No definition available. + Details
Name: | irt_NumberOfUnitsInRealEstatePropertyHeldForSale
Namespace Prefix: | irt_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Sale price of real estate property. + References No definition available. + Details
Name: | irt_SalePriceOfRealEstateProperty
Namespace Prefix: | irt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-2 + Details
Name: | us-gaap_ImpairmentOfRealEstate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_RealEstatePropertiesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=irt_VillasOfKingwoodMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=irt_BelmarVillasMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=irt_HearthstoneAtCityCenterMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=irt_VillasAtHuffmeisterMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=irt_WestmontCommonsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=irt_ReserveAtCreeksideMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=irt_TapestryParkMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |