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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
(a)(b)(c)(d)(e)(f)(g)(h)(i)
YearSummary Compensation Table Total for CEO
Compensation Actually Paid to CEO1
Average Summary Compensation Table Total for Non-CEO NEOs
Average Compensation Actually Paid to Non-CEO NEOs2
Value of Initial Fixed $100 Investment Based On:
Net (Loss) Income (in millions)
Core FFO per Share4
TSR
Peer Group3 TSR
2023$4,846,528 $2,913,725 $1,441,139 $833,804 $124.15 $97.85 $(17.8)$1.15 
2022$4,856,465 $583,503 $1,754,644 $540,222 $130.87 $94.43 $120.7 $1.08 
2021$4,517,543 $15,562,928 $1,448,152 $4,047,439 $190.70 $135.61 $45.5 $0.84 
2020$3,495,195 $5,384,680 $1,075,244 $1,446,639 $99.22 $84.73 $14.9 $0.73 
      
Company Selected Measure Name •CFFO per Share      
Peer Group Issuers, Footnote Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the constituent members of the FTSE NAREIT Apartment Index, which we use to determine our relative TSR performance for the objective component of our annual PSU awards.      
PEO Total Compensation Amount $ 4,846,528 $ 4,856,465 $ 4,517,543 $ 3,495,195
PEO Actually Paid Compensation Amount $ 2,913,725 583,503 15,562,928 5,384,680
Adjustment To PEO Compensation, Footnote The dollar amounts reported represent the amount of Compensation Actually Paid ("CAP") to our Chief Executive Officer ("CEO"), Scott Schaeffer, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Schaeffer during the applicable year. To calculate CAP to Mr. Schaeffer, for each of the years shown, the following amounts were deducted from and added to Summary Compensation Table ("SCT") total compensation.
CEO SCT Total to CAP Reconciliation:
YearSCT TotalDeductions from SCT Total (i)Additions to SCT Total (ii)CAP
2023$4,846,528 $2,677,345 $744,542 $2,913,725 
2022$4,856,465 $2,422,221 $(1,850,741)$583,503 
2021$4,517,543 $2,112,055 $13,157,440 $15,562,928 
2020$3,495,195 $1,626,039 $3,515,524 $5,384,680 
(i)Represents the grant date fair value of equity-based awards granted each year, as shown in the Stock Awards column of the Summary Compensation Table.
(ii)Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The equity component of CAP is further detailed in the supplemental table below.
CEO Equity Component of CAP:
YearFair Value of Equity Awards Granted in the Year and Outstanding and Unvested as of Year EndYear over Year Change in Fair Value of Equity Awards Granted in Prior Years and Outstanding and Unvested as of Year EndFair Value as of Vesting Date of Equity Awards Granted and Vested in the YearYear over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearFair Value at the End of the Prior Year of Equity Awards that were Forfeited in the YearValue of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total CompensationTotal
Equity
Award
Adjustments
2023$2,175,096 $(972,622)$— $(572,354)$— $114,422 $744,542 
2022$1,877,486 $(2,293,050)$— $(1,567,536)$— $132,359 $(1,850,741)
2021$4,605,017 $4,617,483 $— $3,835,525 $— $99,416 $13,157,440 
2020$1,851,651 $838,857 $— $781,179 $— $43,837 $3,515,524 
      
Non-PEO NEO Average Total Compensation Amount $ 1,441,139 1,754,644 1,448,152 1,075,244
Non-PEO NEO Average Compensation Actually Paid Amount $ 833,804 540,222 4,047,439 1,446,639
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts reported in column (e) represent the average amount of CAP to the non-CEO named executive officers (“Non-CEO NEOs”) as a group, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the Non-CEO NEOs during the applicable year. The Non-CEO NEOs reflected in columns (d) and (e) consist of the following individuals for each of 2020 - 2023: James Sebra, Farrell Ender, Jessica Norman and Jason Delozier. In addition, Ella Neyland is included as a Non-CEO NEO for 2022 only and Ms. Weisbaum is included as a Non-CEO NEO for 2023 only. To calculate CAP to our Non-CEO NEOs for each of the years shown, the following amounts were deducted from and added to SCT total compensation.
Average Non-CEO NEOs SCT Total to CAP Reconciliation:
YearSCT TotalDeductions from SCT Total (i)Additions to SCT Total (ii)CAP
2023$1,441,139 $524,439 $(82,896)$833,804 
2022$1,754,644 $640,995 $(573,427)$540,222 
2021$1,448,152 $565,596 $3,164,883 $4,047,439 
2020$1,075,244 $421,944 $793,340 $1,446,639 
(i)Represents the grant date fair value of equity-based awards granted each year, as shown in the Stock Awards column of the Summary Compensation Table.
(ii)Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The equity component of CAP is further detailed in the supplemental table below.
Average Non-CEO NEOs Equity Component of CAP:
YearFair Value of Equity Awards Granted in the Year and Outstanding and Unvested as of Year EndYear over Year Change in Fair Value of Equity Awards Granted in Prior Years and Outstanding and Unvested as of Year EndFair Value as of Vesting Date of Equity Awards Granted and Vested in the YearYear over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the YearFair Value at the End of the Prior Year of Equity Awards that were Forfeited in the YearValue of Dividends or other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total CompensationTotal
Equity
Award
Adjustments
2023$210,148 $(52,460)$51,375 $(52,810)$(259,847)$20,698 $(82,896)
2022$364,859 $(602,627)$47,631 $(406,188)$— $22,897 $(573,427)
2021$1,233,196 $1,286,754 $— $620,191 $— $24,742 $3,164,883 
2020$480,498 $154,697 $— $145,053 $— $13,092 $793,340 
      
Compensation Actually Paid vs. Net Income
Table 1 below graphs the dollar changes in CAP to our CEO, average CAP to our NON-CEO NEOs ("Executive Pay") and our net income for the four-year period ending December 31, 2023.
3808
      
Compensation Actually Paid vs. Company Selected Measure
Table 2 below graphs the dollar changes in Executive Pay, and our CFFO per share for the four-year period ending December 31, 2023.
3947
      
Total Shareholder Return Vs Peer Group
Table 3 below graphs the dollar changes in our Executive Pay, our TSR, and our peer group TSR for the four-year period ending December 31, 2023.
4095
      
Tabular List, Table
The following unranked list provides the financial performance measures that are the most important measures used to link executive compensation actually paid for fiscal year 2023 to company performance. The measures in this table are not ranked. Please see Appendix A to this Proxy Statement for a discussion of the non-GAAP financial measures listed below, and a reconciliation to the most directly comparable GAAP financial measures.
•CFFO per Share
•Operating Margin
•G&A % of Revenue
•Relative TSR
•Net Debt to Adjusted EBITDA
•Same-Store NOI Growth
      
Total Shareholder Return Amount $ 124.15 130.87 190.70 99.22
Peer Group Total Shareholder Return Amount 97.85 94.43 135.61 84.73
Net Income (Loss) $ (17,800,000) $ 120,700,000 $ 45,500,000 $ 14,900,000
Company Selected Measure Amount | $ / shares 1.15 1.08 0.84 0.73
PEO Name Scott Schaeffer      
Measure:: 1        
Pay vs Performance Disclosure        
Name •CFFO per Share      
Non-GAAP Measure Description We believe this non-GAAP financial measure is an additional appropriate measure of our operating performance. Please see Appendix A to this Proxy Statement for a discussion of CFFO, a non-GAAP financial measure, and a reconciliation to net income (loss), the most directly comparable GAAP financial measure.      
Measure:: 2        
Pay vs Performance Disclosure        
Name •G&A % of Revenue      
Measure:: 3        
Pay vs Performance Disclosure        
Name •Net Debt to Adjusted EBITDA      
Measure:: 4        
Pay vs Performance Disclosure        
Name •Operating Margin      
Measure:: 5        
Pay vs Performance Disclosure        
Name •Relative TSR      
Measure:: 6        
Pay vs Performance Disclosure        
Name •Same-Store NOI Growth      
PEO | Deductions From SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 2,677,345 $ 2,422,221 $ 2,112,055 $ 1,626,039
PEO | Additions To SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 744,542 (1,850,741) 13,157,440 3,515,524
PEO | Equity Awards Granted During the Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 2,175,096 1,877,486 4,605,017 1,851,651
PEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (972,622) (2,293,050) 4,617,483 838,857
PEO | Equity Awards Granted During the Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 0 0 0 0
PEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (572,354) (1,567,536) 3,835,525 781,179
PEO | Equity Awards that Failed to Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 0 0 0 0
PEO | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 114,422 132,359 99,416 43,837
PEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 744,542 (1,850,741) 13,157,440 3,515,524
Non-PEO NEO | Deductions From SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 524,439 640,995 565,596 421,944
Non-PEO NEO | Additions To SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (82,896) (573,427) 3,164,883 793,340
Non-PEO NEO | Equity Awards Granted During the Year, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 210,148 364,859 1,233,196 480,498
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (52,460) (602,627) 1,286,754 154,697
Non-PEO NEO | Equity Awards Granted During the Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 51,375 47,631 0 0
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (52,810) (406,188) 620,191 145,053
Non-PEO NEO | Equity Awards that Failed to Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards (259,847) 0 0 0
Non-PEO NEO | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation Amount, Equity Awards 20,698 22,897 24,742 13,092
Non-PEO NEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (82,896) $ (573,427) $ 3,164,883 $ 793,340