Other Assets (Tables)

12 Months Ended

Dec. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Assets

The following table summarizes the components of other assets:

$ in thousands	December 31, 2021		December 31, 2020
Capitalized tax abatement, net(1)	$	7,049	$	—
Deposits	3,460		—
Deferred financing costs, net	818		440
Deferred rent	528		11
Prepaid expenses	460		130
Other	243		5
Total	$	12,558	$	586

(1)In January 2021, we obtained a tax abatement in conjunction with our purchase of the Cortona Apartments with an expiration date of December 31, 2038 and are amortizing the tax abatement over its remaining useful life as a component of rental property operating expenses in the consolidated statements of operations. The estimated annual amortization is $0.4 million. As of December 31, 2021, accumulated amortization of the capitalized tax abatement was $0.4 million