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Note 3 - Investments in Real Estate (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Real Estate and Accumulated Depreciation By Property [Table Text Block]

		As of June 30, 2025				As of December 31, 2024				Depreciable Lives (In years)
Land		$	554,886			$	564,966				—
Building			5,292,690				5,323,105				40
Furniture, fixtures and equipment			509,254				475,865				5 - 10
Total investments in real estate		$	6,356,830			$	6,363,936
Accumulated depreciation			(810,042	)			(740,957	)
Investments in real estate, net		$	5,546,788			$	5,622,979

Schedule of Real Estate Held For Sale [Table Text Block]

Property		Market		Units				Carrying Value
Bella Terra at City Center		Denver, CO			304			$	61,927
Jamestown at St. Matthews		Louisville, KY			356				31,286
Stonebridge Crossing		Memphis, TN			500				26,662
					1,160			$	119,875

Real Estate Acquired [Table Text Block]

Property

Date Acquired

Market

Units

Purchase Price

Autumn Breeze

2/27/2025

Indianapolis, IN

280

$

59,500

Asset Acquisition [Table Text Block]

		Fair Value of Assets Acquired During the
		Six Months Ended
		June 30, 2025
Assets acquired:
Investments in real estate		$	57,854
Other assets			48
Intangible assets			1,829
Total assets acquired			59,731
Liabilities assumed:
Accounts payable and accrued expenses			1,002
Other liabilities			92
Total liabilities assumed			1,094
Estimated fair value of net assets acquired		$	58,637

Disposal Groups, Including Discontinued Operations [Table Text Block]

Property

Market

Units

Sale Date

Sale Price

Gain on Sale (Loss) on Impairment), Net

Ridge Crossings (1)

Birmingham, AL

720

2/14/2025

$

111,000

$

1,496

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