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Acquisitions and Dispositions | 3 Months Ended
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Mar. 31, 2026
Property, Plant, and Equipment [Abstract] |
Acquisitions and Dispositions | 5. Acquisitions and Dispositions Acquisition of Operating Properties. We did not acquire any operating properties during the three months ended March 31, 2026. During the three months ended March 31, 2025, we acquired two operating properties, consisting of a 352- apartment home community in Leander, Texas in January 2025 and a 435-apartment home community in Nashville, Tennessee in February 2025 for approximately $199.0 million. In April 2026, we acquired two operating properties, consisting of a 269-apartment home community in the Atlanta, Georgia metropolitan area and a 288-apartment home community in Orlando, Florida for approximately $171.3 million. Sale of Operating Properties. During the three months ended March 31, 2026 we sold one operating property in Irving, Texas for approximately $77.0 million and recognized a gain of approximately $67.9 million. Our restricted cash balance as of March 31, 2026 included approximately $76.4 million in proceeds from the disposition of this operating property, which was held with a qualified intermediary for use in a Section 1031 exchange. These proceeds were applied toward the April 2026 acquisition in Orlando, Florida, as discussed above. We did not sell any operating properties during the three months ended March 31, 2025.

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- Definition The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, and assets held for sale. The tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregated would be included in this disclosure. Additionally, the entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity. + References No definition available. + Details
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- References No definition available. + Details
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