v3.25.4
Note 3 - Investments in Real Estate - Summary of Dispositions of Properties (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Units sold 1,076 2,100 1,273
Units sold, price $ 161,000 $ 395,425 $ 237,950
Units sold, gain (loss) $ 18,988 $ 11,066 [1] $ (33,591) [2]
Units sold 1,076 2,100 1,273
Disposal Group, Including Discontinued Operation, Consideration $ 161,000 $ 395,425 $ 237,950
Units sold, gain (loss) $ 18,988 $ 11,066 [1] $ (33,591) [2]
Ridge Crossings [Member]      
Units sold [3] 720    
Units sold, price [3] $ 111,000    
Units sold, gain (loss) [3] $ 1,496    
Units sold [3] 720    
Disposal Group, Including Discontinued Operation, Consideration [3] $ 111,000    
Units sold, gain (loss) [3] $ 1,496    
Villas of Kingwood [Member]      
Units sold [4],[5]   330  
Units sold, price [4],[5]   $ 53,700  
Units sold, gain (loss) [1],[4],[5]   $ 62  
Units sold [4],[5]   330  
Disposal Group, Including Discontinued Operation, Consideration [4],[5]   $ 53,700  
Units sold, gain (loss) [1],[4],[5]   $ 62  
Eagle Lake Landing [Member]      
Units sold     277
Units sold, price     $ 37,300
Units sold, gain (loss) [2]     $ 1,179
Units sold     277
Disposal Group, Including Discontinued Operation, Consideration     $ 37,300
Units sold, gain (loss) [2]     $ 1,179
Jamestown at St. Matthews [Member]      
Units sold 356    
Units sold, price $ 50,000    
Units sold, gain (loss) $ 17,492    
Units sold 356    
Disposal Group, Including Discontinued Operation, Consideration $ 50,000    
Units sold, gain (loss) $ 17,492    
Belmar Villas [Member]      
Units sold [4],[5]   318  
Units sold, price [4],[5]   $ 74,300  
Units sold, gain (loss) [1],[4],[5]   $ 46  
Units sold [4],[5]   318  
Disposal Group, Including Discontinued Operation, Consideration [4],[5]   $ 74,300  
Units sold, gain (loss) [1],[4],[5]   $ 46  
The Meadows at River Run [Member]      
Units sold [5]     374
Units sold, price [5]     $ 72,700
Units sold, gain (loss) [2],[5]     $ (14,612)
Units sold [5]     374
Disposal Group, Including Discontinued Operation, Consideration [5]     $ 72,700
Units sold, gain (loss) [2],[5]     $ (14,612)
Hearthstone at City Center [Member]      
Units sold [4],[5]   360  
Units sold, price [4],[5]   $ 74,000  
Units sold, gain (loss) [1],[4],[5]   $ 88  
Units sold [4],[5]   360  
Disposal Group, Including Discontinued Operation, Consideration [4],[5]   $ 74,000  
Units sold, gain (loss) [1],[4],[5]   $ 88  
Fielders Creek [Member]      
Units sold [5]     217
Units sold, price [5]     $ 44,100
Units sold, gain (loss) [2],[5]     $ (11,019)
Units sold [5]     217
Disposal Group, Including Discontinued Operation, Consideration [5]     $ 44,100
Units sold, gain (loss) [2],[5]     $ (11,019)
Villas at Huffmeister [Member]      
Units sold [4],[5]   294  
Units sold, price [4],[5]   $ 44,250  
Units sold, gain (loss) [1],[4],[5]   $ (415)  
Units sold [4],[5]   294  
Disposal Group, Including Discontinued Operation, Consideration [4],[5]   $ 44,250  
Units sold, gain (loss) [1],[4],[5]   $ (415)  
Cottage Trails at Culpepper Landing [Member]      
Units sold [5]     183
Units sold, price [5]     $ 40,750
Units sold, gain (loss) [2],[5]     $ (10,168)
Units sold [5]     183
Disposal Group, Including Discontinued Operation, Consideration [5]     $ 40,750
Units sold, gain (loss) [2],[5]     $ (10,168)
Westmount Commons [Member]      
Units sold [4],[5]   252  
Units sold, price [4],[5]   $ 49,875  
Units sold, gain (loss) [1],[4],[5]   $ 25,856  
Units sold [4],[5]   252  
Disposal Group, Including Discontinued Operation, Consideration [4],[5]   $ 49,875  
Units sold, gain (loss) [1],[4],[5]   $ 25,856  
Oak Crossing [Member]      
Units sold [5]     222
Units sold, price [5]     $ 43,100
Units sold, gain (loss) [2],[5]     $ 1,029
Units sold [5]     222
Disposal Group, Including Discontinued Operation, Consideration [5]     $ 43,100
Units sold, gain (loss) [2],[5]     $ 1,029
Reserve at Creekside [Member]      
Units sold [4],[5]   192  
Units sold, price [4],[5]   $ 28,500  
Units sold, gain (loss) [1],[4],[5]   $ (152)  
Units sold [4],[5]   192  
Disposal Group, Including Discontinued Operation, Consideration [4],[5]   $ 28,500  
Units sold, gain (loss) [1],[4],[5]   $ (152)  
Tapestry Park [Member]      
Units sold [6]   354  
Units sold, price [6]   $ 70,800  
Units sold, gain (loss) [1],[6]   $ (14,419)  
Units sold [6]   354  
Disposal Group, Including Discontinued Operation, Consideration [6]   $ 70,800  
Units sold, gain (loss) [1],[6]   $ (14,419)  
[1] The gain on sale (loss on impairment), net is exclusive of $32,956 impairment charge recognized during the three months ended December 31, 2023, net of $1,953 of defeasance and debt prepayment gains.
[2] (Loss on impairment) gain on sale of real estate sold in 2023 is net of $1,900 of defeasance and debt prepayment gains.
[3] During the three months ended December 31, 2024, we recognized a loss on impairment on this property of $20,928.
[4] Held for sale as of December 31, 2023.
[5] Included in the Portfolio Optimization and Deleveraging Strategy discussed in our Annual Report on Form 10-K for the year ended December 31, 2024, which Portfolio Optimization and Deleveraging Strategy resulted in the sale of ten properties in seven markets for an aggregate gross sales price of $525,300.
[6] A loss on impairment of $15,107 was recognized during the three months ended March 31, 2024.