XML 63 R47.htm IDEA: XBRL DOCUMENT v3.22.4
SINGLE-FAMILY RENTAL PROPERTIES (Tables)
 12 Months Ended
Dec. 31, 2022
Real Estate [Abstract]  
Schedule of Single-Family Rental Properties The following table summarizes the net carrying value of investments in single-family rental (“SFR”) properties:
December 31,
20222021
Land$175,607 $109,152 
Building702,427 436,610 
Capital improvements118,999 40,655 
Total gross investment in SFR properties997,033 586,417 
Accumulated depreciation(25,720)(6,810)
Investment in SFR properties, net$971,313 $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, 2020
$41,271 
Acquisitions and capital improvements544,408 
Dispositions— 
Accumulated depreciation(6,072)
Balance at December 31, 2021
$579,607 
Acquisitions and capital improvements415,858 
Dispositions(5,242)
Accumulated depreciation(18,910)
Balance at December 31, 2022
$971,313 
The following table summarizes the activity of the SFR portfolio by units:
Balance at December 31, 2020
257 
Acquisition of SFR units2,294 
Disposition of SFR units— 
Balance at December 31, 2021
2,551 
Acquisition of SFR units1,226 
Disposition of SFR units(16)
Balance at December 31, 2022
3,761 
Schedule of Future Minimum Rental Revenues The following table summarizes our future minimum rental revenues under existing leases on SFR properties:
2023$33,119 
2024 and thereafter954 
Total$34,073