XML 64 R50.htm IDEA: XBRL DOCUMENT
v3.20.4

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES - Mortgage Loans Receivable and Notes Receivable (Details) $ in Thousands | 1 Months Ended | 3 Months Ended | 8 Months Ended | 12 Months Ended
--- | --- | --- | --- | ---
Mar. 31, 2020 USD ($) | Aug. 31, 2017 USD ($) property | Jul. 31, 2017 USD ($) | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Apr. 30, 2018 USD ($) property
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Mortgage loans receivable |  |  |  | $ 10,000 |  |  | $ 10,000 |
Number of real estate properties sold | property |  |  |  |  |  |  |  | 28
Discontinued Operations, Disposed of by Sale |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Interest income |  |  |  |  | $ 0 |  |  | $ 661
MultiFamily Same-Store |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Loan commitment |  |  | $ 16,200 |  |  |  |  |
Interest rate on mortgages payable |  |  | 6.00% |  |  |  |  |
MultiFamily Same-Store | Mortgage Receivable |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Mortgage loans receivable |  | $ 11,000 |  |  |  |  |  |
MultiFamily Same-Store | Discontinued Operations, Disposed of by Sale |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Interest rate on mortgages payable |  | 5.50% |  |  |  |  |  |
Number of real estate properties sold | property |  | 13 |  |  |  |  |  |
Interest income |  |  |  | 448 |  | $ 279 | 570 | $ 372
MultiFamily Same-Store | Minneapolis, Minnesota |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Mortgage loans receivable |  |  |  | 6,200 |  | $ 24,700 | 6,200 |
MultiFamily Same-Store | Minneapolis, Minnesota | Construction Loans |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Loan commitment |  |  |  | 29,900 |  |  | $ 29,900 |
Interest rate on mortgages payable |  |  |  |  |  |  | 4.50% |
MultiFamily Same-Store | Minneapolis, Minnesota | Mezzanine Loan |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Loan commitment |  |  |  | $ 15,300 |  |  | $ 15,300 |
Interest rate on mortgages payable |  |  |  |  |  |  | 11.50% |
MultiFamily Same-Store | Ironwood |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Loan commitment, additional funds authorized |  |  | $ 341 |  |  |  |  |
MultiFamily Same-Store | Ironwood | Tax Increment Financing |  |  |  |  |  |  |  |
Real Estate Properties [Line Items] |  |  |  |  |  |  |  |
Loan commitment | $ 6,600 |  |  |  |  |  |  |
Interest rate on mortgages payable | 4.50% |  |  |  |  |  |  |

X
- Definition Loans And Leases Receivable, Loans In Process, Additional Funds + References No definition available. + Details
Name: | iret_LoansAndLeasesReceivableLoansInProcessAdditionalFunds
Namespace Prefix: | iret_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Definition Interest rate of mortgage loan within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph Column B -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29(Column B)) -URI http://asc.fasb.org/extlink&oid=120402547&loc=d3e617274-123014 + Details
Name: | srt_MortgageLoansOnRealEstateInterestRate
Namespace Prefix: | srt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of undisbursed portion of financing receivable balance. Excludes financing receivable covered under loss sharing agreement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5066-111524 + Details
Name: | us-gaap_FinancingReceivableLoanInProcess
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(b)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 + Details
Name: | us-gaap_InvestmentIncomeInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, before allowance for credit loss, of financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 79 -URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922352-210448 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448 + Details
Name: | us-gaap_NotesReceivableGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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: | us-gaap_DisposalGroupClassificationAxis=us-gaap_DiscontinuedOperationsDisposedOfBySaleMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_MortgageReceivablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConstructionLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=iret_MezzanineLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=iret_TaxIncrementFinancingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |