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Note 3 - Investments in Real Estate (Tables) | 9 Months Ended
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Sep. 30, 2025
Notes Tables |
Real Estate and Accumulated Depreciation By Property [Table Text Block] |
|  | As of September 30, 2025 |  |  | As of December 31, 2024 |  |  | Depreciable Lives (In years) |
Land |  | $ | 573,030 |  |  | $ | 564,966 |  |  |  | — |
Building |  |  | 5,441,520 |  |  |  | 5,323,105 |  |  |  | 40 |
Furniture, fixtures and equipment |  |  | 556,611 |  |  |  | 475,865 |  |  |  | 5 - 10 |
Total investments in real estate |  | $ | 6,571,161 |  |  | $ | 6,363,936 |  |  |  |  |
Accumulated depreciation |  |  | (861,370 | ) |  |  | (740,957 | ) |  |  |  |
Investments in real estate, net |  | $ | 5,709,791 |  |  | $ | 5,622,979 |  |  |  |  |
Schedule of Real Estate Held For Sale [Table Text Block] |
Property |  | Market |  | Units |  |  | Carrying Value |
Bella Terra at City Center (1) |  | Denver, CO |  |  | 304 |  |  | $ | 48,608 |
Jamestown at St. Matthews |  | Louisville, KY |  |  | 356 |  |  |  | 31,576 |
Stonebridge Crossing |  | Memphis, TN |  |  | 500 |  |  |  | 26,998 |
|  |  |  |  | 1,160 |  |  | $ | 107,182 |
Real Estate Acquired [Table Text Block] |
Property |  | Date Acquired |  | Market |  | Units |  |  | Purchase Price |
Autumn Breeze |  | 2/27/2025 |  | Indianapolis, IN |  |  | 280 |  |  | $ | 59,500 |
3030 at Apopka |  | 7/31/2025 |  | Orlando, FL |  |  | 240 |  |  |  | 60,250 |
M2 at Millenia 700 |  | 8/14/2025 |  | Orlando, FL |  |  | 403 |  |  |  | 94,750 |
Total |  |  |  |  |  |  |  |  |  | $ | 214,500 |
Asset Acquisition [Table Text Block] |
|  | Fair Value of Assets and Liabilities Acquired During the |
|  | Nine Months Ended |
|  | September 30, 2025 |
Assets acquired: |  |  |  |
Investments in real estate |  | $ | 207,345 |
Other assets |  |  | 281 |
Intangible assets |  |  | 8,056 |
Total assets acquired |  |  | 215,682 |
Liabilities assumed: |  |  |  |
Debt |  |  | 59,897 |
Accounts payable and accrued expenses |  |  | 2,423 |
Other liabilities |  |  | 614 |
Total liabilities assumed |  |  | 62,934 |
Estimated fair value of net assets acquired |  | $ | 152,748 |
Disposal Groups, Including Discontinued Operations [Table Text Block] |
Property |  | Market |  | Units |  |  | Sale Date |  | Sale Price |  |  | Gain on Sale |
Ridge Crossings (1) |  | Birmingham, AL |  |  | 720 |  |  | 2/14/2025 |  | $ | 111,000 |  |  | $ | 1,496 |

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