Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Schedule of Subsidiaries

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries as follows:

Subsidiary	Number of Units		Property Location
Resource Apartment REIT III Holdings, LLC	N/A		N/A
Resource Apartment REIT III OP, LP	N/A		N/A
RRE Payne Place Holdings, LLC		11	Alexandria, VA
RRE Bay Club Holdings, LLC		220	Jacksonville, FL
RRE Tramore Village Holdings, LLC		324	Austell, GA
RRE Matthews Reserve Holdings, LLC		212	Matthews, NC
RRE Kensington Holdings, LLC		204	Riverview, FL
RRE Wimbledon Oaks Holdings, LLC		248	Arlington, TX
RRE Summit Holdings, LLC		141	Alexandria, VA
		1,360

Estimated Useful Life of Assets

The Company anticipates the estimated useful lives of its assets by class as follows:

Buildings	27.5 years
Building improvements	5.0 to 27.5 years
Furniture, fixtures, and equipment	3.0 to 5.0 years
Tenant improvements	Shorter of lease term or expected useful life
Lease intangibles	Remaining term of related lease