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SINGLE-FAMILY RENTAL PROPERTIES (Tables)
 3 Months Ended
Mar. 31, 2022
Real Estate [Abstract]  
Schedule of Single-Family Rental Properties The following table summarizes the net carrying value of investments in SFR properties:
March 31, 2022December 31, 2021
Land$152,475 $109,152 
Building609,898 436,610 
Capital improvements63,391 40,655 
Total gross investment in SFR properties825,764 586,417 
Accumulated depreciation(10,893)(6,810)
Investment in SFR properties, net$814,871 $579,607 
Schedule of Activity in Single-Family Rental Properties
The following table summarizes the activity related to the net carrying value of investments in SFR properties:
Balance at December 31, 2021$579,607 
Acquisitions and capital improvements239,347 
Accumulated depreciation(4,083)
Balance at March 31, 2022$814,871 
Schedule of Future Minimum Rental Revenues The following table summarizes our future minimum rental revenues under existing leases on SFR properties:
2022$19,819 
2023 and thereafter5,305 
Total$25,124