v3.25.4
Note 3 - Investments in Real Estate (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Real Estate and Accumulated Depreciation By Property [Table Text Block]
  

As of December 31, 2025

  

As of December 31, 2024

  

Depreciable Lives (In years)

 

Land

 $573,777  $564,966    

Building

  5,450,891   5,323,105   40 

Furniture, fixtures and equipment

  571,339   475,865   5 - 10 

Total investments in real estate

 $6,596,007  $6,363,936     

Accumulated depreciation

  (915,247)  (740,957)    

Investments in real estate, net

 $5,680,760  $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  $49,254 

Stonebridge Crossing

 

Memphis, TN

  500   27,214 
     804  $76,468 
Real Estate Acquired [Table Text Block]

Property

 

Date Acquired

 

Market

 

Units (unaudited)

  

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

  923  $214,500 

Property

 

Date Acquired

 

Market

 

Units (unaudited)

  

Purchase Price

 

Gateway at Pinellas

 

8/13/2024

 

Tampa, FL

  288  $82,000 

Highland Ridge

 

11/1/2024

 

Charlotte, NC

  300   73,500 

Serenza at Ocoee Village

 

12/5/2024

 

Orlando, FL

  320   84,250 

Total

  908  $239,750 
Asset Acquisition [Table Text Block]
  

Fair Value of Assets and Liabilities Acquired During the

 
  

Year Ended

 
  

December 31, 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 (unaudited)

 

Sale Date

 

Sale Price

 

Gain on Sale

 

Ridge Crossings (1)

 

Birmingham, AL

  720 

2/14/2025

 $111,000 $1,496 

Jamestown at St. Matthews

 

Louisville, KY

  356 

11/13/2025

  50,000  17,492 
     1,076   $161,000 $18,988 

Property

 

Market

 

Units (unaudited)

 

Sale Date

 

Sale Price

  

Gain on Sale (Loss on Impairment), Net (1)

 

Villas of Kingwood (2)(3)

 

Houston, TX

  330 

2/13/2024

 $53,700  $62 

Belmar Villas (2)(3)

 

Denver, CO

  318 

2/13/2024

  74,300   46 

Hearthstone at City Center (2)(3)

 

Denver, CO

  360 

3/12/2024

  74,000   88 

Villas at Huffmeister (2)(3)

 

Houston, TX

  294 

3/25/2024

  44,250   (415)

Westmont Commons (2)(3)

 

Asheville, NC

  252 

3/28/2024

  49,875   25,856 

Reserve at Creekside (2)(3)

 

Chattanooga, TN

  192 

4/30/2024

  28,500   (152)

Tapestry Park (4)

 

Birmingham, AL

  354 

7/17/2024

  70,800   (14,419)

Total

  2,100   $395,425  $11,066 

Property

 

Market

 

Units (unaudited)

 

Sale Date

 

Sale Price

  

Gain on Sale (Loss on Impairment), Net (1)

 

Eagle Lake Landing

 

Indianapolis, IN

  277 

2/28/2023

 $37,300  $1,179 

The Meadows at River Run (2)

 

Chicago, IL

  374 

12/20/2023

  72,700   (14,612)

Fielders Creek (2)

 

Denver, CO

  217 

12/21/2023

  44,100   (11,019)

Cottage Trails at Culpepper Landing (2)

 

Norfolk, VA

  183 

12/28/2023

  40,750   (10,168)

Oak Crossing (2)

 

Fort Wayne, IN

  222 

12/28/2023

  43,100   1,029 

Total

  1,273   $237,950  $(33,591)