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ACQUISITIONS AND DISPOSITIONS (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Acquisitions | The acquisitions for the six months ended June 30, 2025 are detailed below.
|  |  | (in thousands)
|  |  | Form of Consideration |  | Investment Allocation
Acquisitions | Date Acquired |  | Cash(1) |  |  |  |  |  | Land |  | Building & Improvements |  | Intangible Assets(2) |  |
341 homes - Sugarmont - Salt Lake City, UT | May 30, 2025 |  | $ | 149,000 |  |  |  |  |  |  | $ | 20,086 |  |  | $ | 124,649 |  |  | $ | 4,265 |  |  |
Total Acquisitions |  |  | $ | 149,000 |  |  |  |  |  |  | $ | 20,086 |  |  | $ | 124,649 |  |  | $ | 4,265 |  |  |
(1)Excludes $1.1 million in capitalized transaction cost. (2)Intangible assets consist of in-place leases valued at the time of acquisition.
Schedule of Dispositions | The dispositions for the six months ended June 30, 2024 are detailed below. Six Months Ended June 30, 2024
|  |  | (in thousands)
Dispositions | Date Disposed |  | Sale Price |  | Net Book Value and Transaction Costs |  | Gain/(Loss)
69 homes - Southdale Parc - Richfield, MN | February 29, 2024 |  | $ | 6,200 |  |  | $ | 6,497 |  |  | $ | (297) |
136 homes - Wingate - New Hope, MN | February 29, 2024 |  | 12,800 |  |  | 13,080 |  |  | (280) |
Total Dispositions |  |  | $ | 19,000 |  |  | $ | 19,577 |  |  | $ | (577) |

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