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v3.25.3

SEGMENTS - Schedule of Segment Assets and Accumulated Depreciation (Details) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2025 USD ($) apartmentCommunity | Sep. 30, 2024 USD ($) apartmentCommunity | Sep. 30, 2025 USD ($) apartmentCommunity | Sep. 30, 2024 USD ($) apartmentCommunity | Dec. 31, 2024 USD ($)
Segment assets |  |  |  |  |
Property owned | $ 2,536,166 |  | $ 2,536,166 |  | $ 2,480,741
Less accumulated depreciation | (638,217) |  | (638,217) |  | (625,980)
Total real estate investments | 1,897,949 |  | 1,897,949 |  | 1,854,761
Cash and cash equivalents | 12,896 | $ 14,453 | 12,896 | $ 14,453 | 12,030
Restricted cash | 52,943 | $ 2,794 | 52,943 | $ 2,794 | 1,099
Other assets | 47,516 |  | 47,516 |  | 45,817
Assets held for sale, net | 86,302 |  | 86,302 |  | 0
TOTAL ASSETS | 2,097,606 |  | 2,097,606 |  | 1,913,707
Disposal Group, Held-for-Sale, Not Discontinued Operations |  |  |  |  |
Segment assets |  |  |  |  |
Assets held for sale, net | $ 86,302 |  | $ 86,302 |  |
Number of apartment communities designated as held for sale | apartmentCommunity | 7 | 7 | 7 | 7 |
All Other |  |  |  |  |
Segment assets |  |  |  |  |
Property owned | $ 18,055 |  | $ 18,055 |  | 235,644
Less accumulated depreciation | (5,023) |  | (5,023) |  | (64,979)
Total real estate investments | 13,032 |  | 13,032 |  | 170,665
Multifamily | Operating Segments |  |  |  |  |
Segment assets |  |  |  |  |
Property owned | 2,518,111 |  | 2,518,111 |  | 2,245,097
Less accumulated depreciation | (633,194) |  | (633,194) |  | (561,001)
Total real estate investments | $ 1,884,917 |  | $ 1,884,917 |  | $ 1,684,096

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