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Note 3 - Investments in Real Estate (Tables)

9 Months Ended

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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