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Subsequent Events (Tables)
 3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
Summary of Acquired Properties The Company’s Audit Committee approved the acquisitions.

Property Name

 

Location

 

Purchase Price

 

 

Mortgage Debt

 

 

# Units

 

 

Effective Ownership

 

The Adair

 

Sandy Springs, GA

 

$

65,500

 

 

$

35,115

 

 

 

232

 

 

 

100

%

Estates on Maryland

 

Phoenix, AZ

 

 

77,900

 

 

 

43,157

 

 

 

330

 

 

 

100

%

 

 

 

 

$

143,400

 

 

$

78,272

 

 

 

562