XML 63 R52.htm IDEA: XBRL DOCUMENT
v3.20.2

ACQUISITIONS AND DISPOSITIONS - Dispositions (Details) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 USD ($) property unit | Sep. 30, 2019 USD ($) property unit | Sep. 30, 2020 USD ($) unit | Sep. 30, 2019 USD ($) unit
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Sale Price |  | $ 85,000 |  | $ 85,000
Disposed of by Sale |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Sale Price | $ 44,300 | 95,329 | $ 44,300 | 95,329
Book Value and Sales Cost | 18,828 | $ 55,954 | 18,828 | 55,954
Gain/(Loss) |  |  | 25,472 | 39,375
Disposed of by Sale | Unimproved Land |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of properties sold | property |  | 1 |  |
Sale Price | 43,000 | $ 4,374 | 43,000 | 4,374
Book Value and Sales Cost |  | 4,225 |  | 4,225
Gain/(Loss) |  |  |  | 149
Disposed of by Sale | Unimproved Land | Rapid City Land - Rapid City, SD |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Sale Price | 1,300 |  | 1,300 |
Book Value and Sales Cost | $ 1,490 |  | 1,490 |
Gain/(Loss) |  |  | (190) |
Disposed of by Sale | Unimproved Land | Creekside Crossing - Bismarck, ND |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Sale Price |  | 3,049 |  | 3,049
Book Value and Sales Cost |  | 3,205 |  | 3,205
Gain/(Loss) |  |  |  | (156)
Disposed of by Sale | Unimproved Land | Minot 1525 24th Ave SW - Minot, ND |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Sale Price |  | 725 |  | 725
Book Value and Sales Cost |  | 593 |  | 593
Gain/(Loss) |  |  |  | 132
Disposed of by Sale | Unimproved Land | Weston - Weston, WI |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Sale Price |  | 600 |  | 600
Book Value and Sales Cost |  | $ 427 |  | 427
Gain/(Loss) |  |  |  | 173
Disposed of by Sale | Multifamily |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of properties sold | property | 4 | 6 |  |
Sale Price | $ 42,500 | $ 84,425 | 42,500 | 84,425
Book Value and Sales Cost | $ 16,864 | $ 45,681 | 16,864 | 45,681
Gain/(Loss) |  |  | $ 25,636 | $ 38,744
Disposed of by Sale | Multifamily | 268 homes - Forest Park - Grand Forks, ND |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit | 268 |  | 268 |
Sale Price | $ 19,625 |  | $ 19,625 |
Book Value and Sales Cost | $ 6,884 |  | 6,884 |
Gain/(Loss) |  |  | $ 12,741 |
Disposed of by Sale | Multifamily | 90 homes - Landmark - Grand Forks, ND |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit | 90 |  | 90 |
Sale Price | $ 3,725 |  | $ 3,725 |
Book Value and Sales Cost | $ 1,348 |  | 1,348 |
Gain/(Loss) |  |  | $ 2,377 |
Disposed of by Sale | Multifamily | 164 homes - Southwind - Grand Forks, ND |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit | 164 |  | 164 |
Sale Price | $ 10,850 |  | $ 10,850 |
Book Value and Sales Cost | $ 4,573 |  | 4,573 |
Gain/(Loss) |  |  | $ 6,277 |
Disposed of by Sale | Multifamily | 168 homes - Valley Park - Grand Forks, ND |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit | 168 |  | 168 |
Sale Price | $ 8,300 |  | $ 8,300 |
Book Value and Sales Cost | $ 4,059 |  | 4,059 |
Gain/(Loss) |  |  | 4,241 |
Disposed of by Sale | Multifamily | 21 homes - Pinehurst - Billings, MT |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit |  | 21 |  | 21
Sale Price |  | $ 1,675 |  | $ 1,675
Book Value and Sales Cost |  | $ 961 |  | 961
Gain/(Loss) |  |  |  | $ 714
Disposed of by Sale | Multifamily | 160 homes - Brookfield Village - Topeka, KS |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit |  | 160 |  | 160
Sale Price |  | $ 10,350 |  | $ 10,350
Book Value and Sales Cost |  | $ 5,853 |  | 5,853
Gain/(Loss) |  |  |  | $ 4,497
Disposed of by Sale | Multifamily | 220 homes - Crown Colony - Topeka, KS |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit |  | 220 |  | 220
Sale Price |  | $ 17,200 |  | $ 17,200
Book Value and Sales Cost |  | $ 7,876 |  | 7,876
Gain/(Loss) |  |  |  | $ 9,324
Disposed of by Sale | Multifamily | 54 homes - Mariposa - Topeka, KS |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit |  | 54 |  | 54
Sale Price |  | $ 6,100 |  | $ 6,100
Book Value and Sales Cost |  | $ 4,290 |  | 4,290
Gain/(Loss) |  |  |  | $ 1,810
Disposed of by Sale | Multifamily | 300 homes - Sherwood - Topeka, KS |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit |  | 300 |  | 300
Sale Price |  | $ 26,150 |  | $ 26,150
Book Value and Sales Cost |  | $ 11,536 |  | 11,536
Gain/(Loss) |  |  |  | $ 14,614
Disposed of by Sale | Multifamily | 308 homes - Villa West - Topeka, KS |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of homes | unit |  | 308 |  | 308
Sale Price |  | $ 22,950 |  | $ 22,950
Book Value and Sales Cost |  | 15,165 |  | 15,165
Gain/(Loss) |  |  |  | 7,785
Disposed of by Sale | Other |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Number of properties sold | property | 1 |  |  |
Disposed of by Sale | Other | Dakota West |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Sale Price | $ 500 |  | 500 |
Book Value and Sales Cost | $ 474 |  | 474 |
Gain/(Loss) |  |  | $ 26 |
Disposed of by Sale | Other | Minot 1400 31st Ave SW - Minot, ND |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Sale Price |  | 6,530 |  | 6,530
Book Value and Sales Cost |  | $ 6,048 |  | 6,048
Gain/(Loss) |  |  |  | $ 482

X
- Definition Disposal Group, Including Discontinued Operation, Asset Net Book Value and Sale Cost + References No definition available. + Details
Name: | iret_DisposalGroupIncludingDiscontinuedOperationAssetNetBookValueandSaleCost
Namespace Prefix: | iret_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The number of properties sold during the period. + References No definition available. + Details
Name: | iret_NumberOfPropertiesSold
Namespace Prefix: | iret_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of consideration received or receivable for the disposal of assets and liabilities, including discontinued operation. + References No definition available. + Details
Name: | us-gaap_DisposalGroupIncludingDiscontinuedOperationConsideration
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount before tax of gain (loss) recognized on the sale or disposal of a disposal group. Excludes discontinued operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109226348&loc=d3e2443-110228 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 + Details
Name: | us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of units in a real estate property owned as of the balance sheet date. + References No definition available. + Details
Name: | us-gaap_NumberOfUnitsInRealEstateProperty
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_DisposalGroupClassificationAxis=us-gaap_DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=iret_UnimprovedLandMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_RapidCitySouthDakotaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_CreeksideCrossingBismarckNdMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_MinotNorthDakota2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_WestonWestonWisconsinMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=iret_MultiFamilyResidentialMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_ForestParkGrandForksNDMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_LandmarkGrandForksNDMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_SouthwindGrandForksNDMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_ValleyParkGrandForksNDMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_PinehurstBillingsMontanaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_BrookfieldVillageTopekaKansasMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_CrownColonyTopekaKansasMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_MariposaTopekaKansasMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_SherwoodTopekaKansasMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_VillaWestTopekaKansasMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=srt_OtherPropertyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_DakotaWestMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=iret_MinotNorthDakotaMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |