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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of significant expenses
The table below details the significant expenses for the three months ended March 31, 2025, and 2024.
THREE MONTHS ENDED MARCH 31,
Dollars in thousands20252024
Significant Segment Expenses:
Property taxes$28,810 $32,929 
Personnel24,379 24,619 
Utilities21,951 24,082 
Maintenance28,747 29,639 
Totals$103,887 $111,269 
The following schedule reconciles net loss to segment expenses.
THREE MONTHS ENDED MARCH 31,
Dollars in thousands20252024
Revenue$298,977 $326,805 
Property taxes(28,810)(32,929)
Personnel(24,379)(24,619)
Utilities(21,951)(24,082)
Maintenance(28,747)(29,639)
Other segment expenses 1
(24,606)(24,596)
Transaction costs(1,011)(395)
Depreciation and amortization(150,969)(178,119)
Gain on sales of real estate properties and other assets2,904 22 
Interest expense(54,812)(61,054)
Impairment of real estate properties and credit loss reserves(12,081)(15,937)
Impairment of goodwill— (250,530)
Equity income (loss) from unconsolidated joint ventures(422)
Interest and other (expense) income, net95 275 
Net loss$(45,389)$(315,220)
1.Other segment expenses are primarily related to administrative costs, travel, legal, technology, and insurance.