XML 49 R28.htm IDEA: XBRL DOCUMENT v3.25.0.1

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

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,
			2024						2023						2022
Rental revenue (1)			$	609,990					$	630,260					$	601,201
Other property revenue (2)			28,923						29,581						26,213
Other revenue			1,122						1,142						1,111
Total revenue			$	640,035					$	660,983					$	628,525

(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, 2024												As of December 31, 2023
Financial Instrument						Carrying Amount						Estimated Fair Value						Carrying Amount						Estimated Fair Value
Assets
Cash and cash equivalents						$	21,228					$	21,228					$	22,852					$	22,852
Restricted cash						22,224						22,224						27,880						27,880
Derivative assets						29,300						29,300						29,937						29,937
Liabilities
Debt:
Unsecured revolver						193,952						194,249						233,362						235,607
Unsecured term loans						598,169						599,375						597,544						602,589
Secured credit facilities						600,768						554,238						606,099						554,198
Mortgages						792,306						733,050						1,112,404						1,029,028
Unsecured notes						148,488						150,343						—						—

X

- Definition

Schedule of carrying values and estimated fair values of financial instruments.

+ References

No definition available.

+ Details

Name:	irt_ScheduleOfCarryingValuesAndEstimatedFairValuesOfFinancialInstrumentsTableTextBlock
Namespace Prefix:	irt_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration