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Real Estate Acquisitions and Dispositions | 6 Months Ended
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Jun. 30, 2025
Real Estate [Abstract] |
Real Estate Acquisitions and Dispositions | 12. Real Estate Acquisitions and Dispositions Acquisitions In June 2025, the Company acquired a 19-acre land parcel in Charleston, South Carolina for approximately $9 million. During the six months ended June 30, 2025, the Company did no t acquire any multifamily apartment communities. In May 2024, the Company closed on the acquisition of a 306-unit multifamily apartment community located in Raleigh, North Carolina for approximately $81 million. In April 2024, the Company also acquired a 13-acre land parcel in Phoenix, Arizona for approximately $11 million. Dispositions In March 2025, the Company closed on the dispositions of a 336-unit and a 240-unit multifamily apartment community located in Columbia, South Carolina for net proceeds of approximately $81 million, resulting in gain on the sale of depreciable real estate assets of approximately $72 million. During the six months ended June 30, 2025, the Company did not dispose of any land parcels. During the six months ended June 30, 2024, the Company did no t dispose of any multifamily apartment communities or land parcels.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent + Details
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- References No definition available. + Details
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