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SINGLE-FAMILY RENTAL PROPERTIES (Tables)
 9 Months Ended
Sep. 30, 2023
Real Estate [Abstract]  
Schedule of Single-Family Rental Properties The following table summarizes the net carrying value of investments in SFR properties:
September 30, 2023December 31, 2022
Land$180,782 $175,607 
Building723,129 702,427 
Capital improvements134,631 118,999 
Total gross investment in SFR properties1,038,542 997,033 
Accumulated depreciation(46,594)(25,720)
Investment in SFR properties, net$991,948 $971,313 
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:
SFR Properties Held-for-InvestmentSFR Properties Held-for-SaleTotal
Balance at December 31, 2022$971,313 $— $971,313 
Acquisitions and capital improvements48,563 — 48,563 
Transfer to held-for-sale(9,747)9,747 — 
Dispositions(250)(6,698)(6,948)
Accumulated depreciation(20,861)(119)(20,980)
Balance at September 30, 2023$989,018 $2,930 $991,948 
The following table summarizes the activity of the SFR portfolio by units:
SFR Properties Held-for-InvestmentSFR Properties Held-for-SaleTotal
Balance at December 31, 20223,731 — 3,731 
Acquisition of SFR units129 — 129 
Transfer to held-for-sale(30)30 — 
Disposition of SFR units(1)(20)(21)
Balance at September 30, 20233,829 10 3,839 
Schedule of Future Minimum Rental Revenues The following table summarizes our future minimum rental revenues under existing leases on SFR properties:
Remainder of 2023$17,917 
2024 and thereafter33,291 
Total$51,208