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Investments In Unconsolidated Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments In Unconsolidated Joint Ventures

The following table summarizes our investments in unconsolidated joint ventures, which are accounted for using the equity method model of accounting, as of March 31, 2024 and December 31, 2023:


		Number of Properties Owned		Carrying Value
	Ownership Percentage	March 31, 2024	December 31, 2023	March 31, 2024		December 31, 2023
Pathway Property Company(1)	100.0%	509	504	$	117,051	$	120,639
2020 Rockpoint JV(1)	20.0%	2,608	2,609	61,275		62,578
FNMA(2)	10.0%	408	426	28,333		32,303
Pathway Operating Company(3)	15.0%	N/A	N/A	20,975		21,008
2022 Rockpoint JV(1)	16.7%	319	309	10,696		10,638
Total				$	238,330	$	247,166

(1)Owns homes in markets within the Western United States, Southeast United States, Florida, and Texas.

(2)Owns homes within the Western United States.

(3)Represents an investment in an operating company that provides a technology platform and asset management services.