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Note 3 - Investments in Real Estate (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Real Estate and Accumulated Depreciation By Property [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2026

 

 

As of December 31, 2025

 

 

Depreciable Lives (In years)

 

Land

 

$ 588,581

 

 

$ 573,777

 

 

 

 

Building

 

 

5,577,785

 

 

 

5,450,891

 

 

 

40

 

Furniture, fixtures and equipment

 

 

631,854

 

 

 

571,339

 

 

 

5 - 10

 

Total investments in real estate

 

$ 6,798,220

 

 

$ 6,596,007

 

 

 

 

 

Accumulated depreciation

 

 

(1,029,116 )

 

 

(915,247 )

 

 

 

 

Investments in real estate, net

 

$ 5,769,104

 

 

$ 5,680,760

 

 

 

 

 

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

Property

 

Market

 

Units

 

 

Carrying Value

 

Bella Terra at City Center

 

Denver, CO

 

 

304

 

 

$ 49,828

 

Stonebridge Crossing

 

Memphis, TN

 

 

500

 

 

 

27,928

 

 

 

 

 

 

804

 

 

$ 77,756

 

Real Estate Acquired [Table Text Block]

Property

 

Date Acquired

 

Market

 

Units

 

 

Purchase Price

 

The Retreat at Canal

 

1/15/2026

 

Columbus, OH

 

 

140

 

 

$ 29,500

 

Asset Acquisition [Table Text Block]

 

 

Fair Value of Assets and Liabilities Acquired During the

 

 

 

Six Months Ended

 

 

 

June 30, 2026

 

Assets acquired:

 

 

 

 

Investments in real estate

 

$ 28,923

 

Other assets

 

 

16

 

Intangible assets

 

 

753

 

Total assets acquired

 

 

29,692

 

Liabilities assumed:

 

 

 

 

Accounts payable and accrued expenses

 

 

281

 

Other liabilities

 

 

19

 

Total liabilities assumed

 

 

300

 

Estimated fair value of net assets acquired

 

$ 29,392