XML 82 R69.htm IDEA: XBRL DOCUMENT
v3.22.0.1

ACQUISITIONS AND DISPOSITIONS - Acquisitions (Details) $ in Thousands |  | 12 Months Ended
--- | --- | ---
Sep. 01, 2021 USD ($) | Dec. 31, 2021 USD ($) apartmentUnit | Dec. 31, 2020 USD ($) apartmentUnit
Investment Allocation |  |  |
Preferred shares, liquidation preference |  | $ 97,036 | $ 97,036
Series E Preferred Stock |  |  |
Investment Allocation |  |  |
Preferred shares, liquidation preference | $ 181,400 |  |
2021 Acquisitions |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Total acquisition costs |  | 499,816 |
Form of Consideration |  |  |
Form of consideration, cash |  | 155,599 |
Form of consideration, units |  | 217,513 |
Form of consideration, other |  | 126,704 |
Investment Allocation |  |  |
Investment allocation, land |  | 51,746 |
Investment allocation, building |  | 431,189 |
Investment allocation, intangible assets |  | 19,234 |
Other, Liabilities |  | $ (2,353) |
2021 Acquisitions | Series E Preferred Stock |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Total acquisition costs | $ 36,100 |  |
Union Pointe Apartment Homes - Longmont, CO |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 256 |
Total acquisition costs |  | $ 76,900 |
Form of Consideration |  |  |
Form of consideration, cash |  | 76,900 |
Form of consideration, units |  | 0 |
Form of consideration, other |  | 0 |
Investment Allocation |  |  |
Investment allocation, land |  | 5,727 |
Investment allocation, building |  | 69,966 |
Investment allocation, intangible assets |  | 1,207 |
Other, Liabilities |  | $ 0 |
Bayberry Place - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 120 |
Total acquisition costs |  | $ 16,673 |
Form of Consideration |  |  |
Form of consideration, cash |  | 898 |
Form of consideration, units |  | 9,855 |
Form of consideration, other |  | 5,920 |
Investment Allocation |  |  |
Investment allocation, land |  | 1,807 |
Investment allocation, building |  | 14,113 |
Investment allocation, intangible assets |  | 753 |
Other, Liabilities |  | $ 0 |
Burgandy & Hillsboro Court - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 251 |
Total acquisition costs |  | $ 35,569 |
Form of Consideration |  |  |
Form of consideration, cash |  | 2,092 |
Form of consideration, units |  | 22,542 |
Form of consideration, other |  | 10,935 |
Investment Allocation |  |  |
Investment allocation, land |  | 2,834 |
Investment allocation, building |  | 31,148 |
Investment allocation, intangible assets |  | 1,587 |
Other, Liabilities |  | $ 0 |
Venue on Knox - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 97 |
Total acquisition costs |  | $ 18,896 |
Form of Consideration |  |  |
Form of consideration, cash |  | 500 |
Form of consideration, units |  | 11,375 |
Form of consideration, other |  | 7,021 |
Investment Allocation |  |  |
Investment allocation, land |  | 3,438 |
Investment allocation, building |  | 14,743 |
Investment allocation, intangible assets |  | 715 |
Other, Liabilities |  | $ 0 |
Gatewood - St. Cloud, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 120 |
Total acquisition costs |  | $ 7,781 |
Form of Consideration |  |  |
Form of consideration, cash |  | 378 |
Form of consideration, units |  | 3,388 |
Form of consideration, other |  | 4,015 |
Investment Allocation |  |  |
Investment allocation, land |  | 327 |
Investment allocation, building |  | 6,858 |
Investment allocation, intangible assets |  | 596 |
Other, Liabilities |  | $ 0 |
Grove Ridge - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 84 |
Total acquisition costs |  | $ 12,060 |
Form of Consideration |  |  |
Form of consideration, cash |  | 121 |
Form of consideration, units |  | 8,579 |
Form of consideration, other |  | 3,360 |
Investment Allocation |  |  |
Investment allocation, land |  | 1,250 |
Investment allocation, building |  | 10,271 |
Investment allocation, intangible assets |  | 539 |
Other, Liabilities |  | $ 0 |
The Legacy - St. Cloud, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 119 |
Total acquisition costs |  | $ 10,560 |
Form of Consideration |  |  |
Form of consideration, cash |  | 229 |
Form of consideration, units |  | 5,714 |
Form of consideration, other |  | 4,617 |
Investment Allocation |  |  |
Investment allocation, land |  | 412 |
Investment allocation, building |  | 9,556 |
Investment allocation, intangible assets |  | 592 |
Other, Liabilities |  | $ 0 |
New Hope Garden & Village - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 151 |
Total acquisition costs |  | $ 15,006 |
Form of Consideration |  |  |
Form of consideration, cash |  | 1,435 |
Form of consideration, units |  | 10,812 |
Form of consideration, other |  | 2,759 |
Investment Allocation |  |  |
Investment allocation, land |  | 1,603 |
Investment allocation, building |  | 12,578 |
Investment allocation, intangible assets |  | 825 |
Other, Liabilities |  | $ 0 |
Palisades - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 330 |
Total acquisition costs |  | $ 53,354 |
Form of Consideration |  |  |
Form of consideration, cash |  | 2,884 |
Form of consideration, units |  | 30,470 |
Form of consideration, other |  | 20,000 |
Investment Allocation |  |  |
Investment allocation, land |  | 6,919 |
Investment allocation, building |  | 46,577 |
Investment allocation, intangible assets |  | 2,211 |
Other, Liabilities |  | $ (2,353) |
Plymouth Pointe - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 96 |
Total acquisition costs |  | $ 14,450 |
Form of Consideration |  |  |
Form of consideration, cash |  | 370 |
Form of consideration, units |  | 9,061 |
Form of consideration, other |  | 5,019 |
Investment Allocation |  |  |
Investment allocation, land |  | 1,042 |
Investment allocation, building |  | 12,809 |
Investment allocation, intangible assets |  | 599 |
Other, Liabilities |  | $ 0 |
Pointe West - St. Cloud, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 93 |
Total acquisition costs |  | $ 7,558 |
Form of Consideration |  |  |
Form of consideration, cash |  | 91 |
Form of consideration, units |  | 3,605 |
Form of consideration, other |  | 3,862 |
Investment Allocation |  |  |
Investment allocation, land |  | 246 |
Investment allocation, building |  | 6,849 |
Investment allocation, intangible assets |  | 463 |
Other, Liabilities |  | $ 0 |
River Pointe - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 301 |
Total acquisition costs |  | $ 38,348 |
Form of Consideration |  |  |
Form of consideration, cash |  | 2,249 |
Form of consideration, units |  | 21,653 |
Form of consideration, other |  | 14,446 |
Investment Allocation |  |  |
Investment allocation, land |  | 3,346 |
Investment allocation, building |  | 33,117 |
Investment allocation, intangible assets |  | 1,885 |
Other, Liabilities |  | $ 0 |
Southdale Parc - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 70 |
Total acquisition costs |  | $ 9,670 |
Form of Consideration |  |  |
Form of consideration, cash |  | 165 |
Form of consideration, units |  | 7,907 |
Form of consideration, other |  | 1,598 |
Investment Allocation |  |  |
Investment allocation, land |  | 1,569 |
Investment allocation, building |  | 7,740 |
Investment allocation, intangible assets |  | 361 |
Other, Liabilities |  | $ 0 |
Portage - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 62 |
Total acquisition costs |  | $ 9,171 |
Form of Consideration |  |  |
Form of consideration, cash |  | 323 |
Form of consideration, units |  | 5,588 |
Form of consideration, other |  | 3,260 |
Investment Allocation |  |  |
Investment allocation, land |  | 2,133 |
Investment allocation, building |  | 6,685 |
Investment allocation, intangible assets |  | 353 |
Other, Liabilities |  | $ 0 |
Windsor Gates - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 200 |
Total acquisition costs |  | $ 22,231 |
Form of Consideration |  |  |
Form of consideration, cash |  | 1,122 |
Form of consideration, units |  | 12,080 |
Form of consideration, other |  | 9,029 |
Investment Allocation |  |  |
Investment allocation, land |  | 2,140 |
Investment allocation, building |  | 18,943 |
Investment allocation, intangible assets |  | 1,148 |
Other, Liabilities |  | $ 0 |
Wingate - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 136 |
Total acquisition costs |  | $ 15,784 |
Form of Consideration |  |  |
Form of consideration, cash |  | 723 |
Form of consideration, units |  | 10,246 |
Form of consideration, other |  | 4,815 |
Investment Allocation |  |  |
Investment allocation, land |  | 1,480 |
Investment allocation, building |  | 13,530 |
Investment allocation, intangible assets |  | 774 |
Other, Liabilities |  | $ 0 |
Woodhaven - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 178 |
Total acquisition costs |  | $ 25,009 |
Form of Consideration |  |  |
Form of consideration, cash |  | 1,682 |
Form of consideration, units |  | 15,200 |
Form of consideration, other |  | 8,127 |
Investment Allocation |  |  |
Investment allocation, land |  | 3,940 |
Investment allocation, building |  | 20,080 |
Investment allocation, intangible assets |  | 989 |
Other, Liabilities |  | $ 0 |
Woodland Pointe - Minneapolis, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 288 |
Total acquisition costs |  | $ 47,796 |
Form of Consideration |  |  |
Form of consideration, cash |  | 437 |
Form of consideration, units |  | 29,438 |
Form of consideration, other |  | 17,921 |
Investment Allocation |  |  |
Investment allocation, land |  | 5,367 |
Investment allocation, building |  | 40,422 |
Investment allocation, intangible assets |  | 2,007 |
Other, Liabilities |  | $ 0 |
Civic Lofts - Denver, CO |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  | 176 |
Total acquisition costs |  | $ 63,000 |
Form of Consideration |  |  |
Form of consideration, cash |  | 63,000 |
Form of consideration, units |  | 0 |
Form of consideration, other |  | 0 |
Investment Allocation |  |  |
Investment allocation, land |  | 6,166 |
Investment allocation, building |  | 55,204 |
Investment allocation, intangible assets |  | 1,630 |
Other, Liabilities |  | $ 0 |
2020 Acquisitions |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Total acquisition costs |  |  | 191,013
Form of Consideration |  |  |
Form of consideration, cash |  |  | 173,350
Form of consideration, other |  |  | 17,663
Investment Allocation |  |  |
Investment allocation, land |  |  | 12,639
Investment allocation, building |  |  | 168,974
Investment allocation, intangible assets |  |  | 2,995
Other, Assets |  |  | $ 6,405
Ironwood Apartments - New Hope, MN |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  |  | 182
Total acquisition costs |  |  | $ 46,263
Form of Consideration |  |  |
Form of consideration, cash |  |  | 28,600
Form of consideration, other |  |  | 17,663
Investment Allocation |  |  |
Investment allocation, land |  |  | 2,165
Investment allocation, building |  |  | 36,869
Investment allocation, intangible assets |  |  | 824
Other, Assets |  |  | $ 6,405
Parkhouse Apartment Homes - Thornton, CO |  |  |
Acquisitions and development projects placed in service [Abstract] |  |  |
Number of apartment homes | apartmentUnit |  |  | 465
Total acquisition costs |  |  | $ 144,750
Form of Consideration |  |  |
Form of consideration, cash |  |  | 144,750
Form of consideration, other |  |  | 0
Investment Allocation |  |  |
Investment allocation, land |  |  | 10,474
Investment allocation, building |  |  | 132,105
Investment allocation, intangible assets |  |  | 2,171
Other, Assets |  |  | $ 0

X
- References No definition available. + Details
Name: | iret_AcquisitionsAndDevelopmentProjectsPlacedInServiceAbstract
Namespace Prefix: | iret_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferred1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferredAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of tangible or intangible assets, including a business or subsidiary of the acquirer transferred by the entity to the former owners of the acquiree. Excludes cash. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferredOther1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of facility held for productive use including, but not limited to, office, production, storage and distribution facilities, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of financial assets (as defined) recognized as of the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -URI http://asc.fasb.org/topic&trid=2134543 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 55 -Paragraph 37 -URI http://asc.fasb.org/extlink&oid=123455525&loc=d3e2207-128464 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of financial liabilities assumed (as defined) which have been recognized as of the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 55 -Paragraph 37 -URI http://asc.fasb.org/extlink&oid=123455525&loc=d3e2207-128464 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of intangible assets, excluding goodwill, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of real estate acquired, at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAbstract
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
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireBusinessesGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Value of the difference between preference in liquidation and the par or stated values of the preferred shares. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 + Details
Name: | us-gaap_PreferredStockLiquidationPreferenceValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_SeriesEPreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_A2021AcquisitionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_UnionPointeApartmentHomesLongmontCOMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_BayberryPlaceMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_BurgandyHillsboroCourtMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_VenueOnKnoxMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_GatewoodStCloudMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_GroveRidgeMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_TheLegacyStCloudMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_NewHopeGardenVillageMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_PalisadesMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_PlymouthPointeMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_PointeWestStCloudMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_RiverPointeMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_SouthdaleParcMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_PortageMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_WindsorGatesMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_WingateMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_WoodhavenMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_WoodlandPointeMinneapolisMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_CivicLoftsDenverCOMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_A2020AcquisitionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_IronwoodApartmentsNewHopeMNMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=iret_ParkhouseApartmentHomesThorntonCOMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |