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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of significant expenses | The table below details the significant expenses for the three and six months ended June 30, 2025, and 2024.
|  | THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30,
Dollars in thousands |  | 2025 | 2024 | 2025 | 2024
Significant Segment Expenses: |  |  |  |  |
Property taxes |  | $ | 29,029 |  | $ | 32,487 |  | $ | 57,839 |  | $ | 65,416 |
Personnel |  | 24,221 |  | 22,686 |  | 48,600 |  | 47,305 |
Utilities |  | 22,189 |  | 23,411 |  | 44,140 |  | 47,492 |
Maintenance |  | 24,746 |  | 27,082 |  | 53,493 |  | 56,721 |
Totals |  | $ | 100,185 |  | $ | 105,666 |  | $ | 204,072 |  | $ | 216,934 |
The following schedule reconciles net loss to segment expenses for the three and six months ended June 30, 2025, and 2024.
| THREE MONTHS ENDED JUNE 30, | SIX MONTHS ENDED JUNE 30,
Dollars in thousands | 2025 | 2024 | 2025 | 2024
Revenue | $ | 297,502 |  | $ | 316,322 |  | $ | 596,478 |  | $ | 643,127 |
Property taxes | (29,029) |  | (32,487) |  | (57,839) |  | (65,416) |
Personnel | (24,221) |  | (22,686) |  | (48,600) |  | (47,305) |
Utilities | (22,189) |  | (23,411) |  | (44,140) |  | (47,492) |
Maintenance | (24,746) |  | (27,082) |  | (53,493) |  | (56,721) |
Other segment expenses 1 | (33,221) |  | (26,055) |  | (57,826) |  | (50,652) |
Transaction costs | (593) |  | (431) |  | (1,604) |  | (826) |
Depreciation and amortization | (147,749) |  | (173,477) |  | (298,717) |  | (351,596) |
Gain on sales of real estate properties and other assets | 20,004 |  | 38,338 |  | 22,907 |  | 38,360 |
Interest expense | (53,346) |  | (62,457) |  | (108,157) |  | (123,510) |
Impairment of real estate properties and credit loss reserves | (142,348) |  | (132,118) |  | (154,429) |  | (148,055) |
Impairment of goodwill | — |  | — |  | — |  | (250,530) |
Equity income (loss) from unconsolidated joint ventures | 158 |  | (146) |  | 159 |  | (568) |
Interest and other (expense) income, net | (366) |  | (248) |  | (271) |  | 27 |
Net loss | $ | (160,144) |  | $ | (145,938) |  | $ | (205,532) |  | $ | (461,157) |
1 Other segment expenses are primarily related to administrative costs, travel, legal, technology, and insurance.

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- Definition Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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