XML 169 R151.htm IDEA: XBRL DOCUMENT v3.25.0.1
Schedule III - Real Estate and Accumulated Depreciation (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
property
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Real estate properties and accumulated depreciation        
Number of Properties | property 539      
Encumbrances $ 527,192      
Initial Cost to Company        
Land 99,708      
Buildings and Improvements 651,469      
Total Adjustment to Basis [1] 54,082      
Gross Amount at Close of Period        
Land [2] 98,840      
Buildings and Improvements [2] 706,419      
Total [2] 805,259      
Accumulated Depreciation $ (70,820)      
Total Operating Real Estate        
Real estate properties and accumulated depreciation        
Number of Properties | property 537      
Encumbrances $ 433,822      
Initial Cost to Company        
Land 82,010      
Buildings and Improvements 563,297      
Total Adjustment to Basis [1] 39,934      
Gross Amount at Close of Period        
Land [2] 81,534      
Buildings and Improvements [2] 603,707      
Total [2] 685,241      
Accumulated Depreciation $ (61,834)      
Multi-Family - Operating        
Real estate properties and accumulated depreciation        
Number of Properties | property 11      
Encumbrances $ 366,606      
Initial Cost to Company        
Land 54,829      
Buildings and Improvements 455,777      
Total Adjustment to Basis [1] 21,858      
Gross Amount at Close of Period        
Land [2] 54,829      
Buildings and Improvements [2] 477,635      
Total [2] 532,464      
Accumulated Depreciation $ (51,303)      
Multi-Family - Operating | Collierville, TN        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 39,267      
Initial Cost to Company        
Land 3,113      
Buildings and Improvements 45,616      
Total Adjustment to Basis [1] 2,616      
Gross Amount at Close of Period        
Land [2] 3,113      
Buildings and Improvements [2] 48,232      
Total [2] 51,345      
Accumulated Depreciation $ (5,795)      
Multi-Family - Operating | Collierville, TN | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | Collierville, TN | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | Corpus Christi, TX        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 45,120      
Initial Cost to Company        
Land 4,900      
Buildings and Improvements 49,539      
Total Adjustment to Basis [1] 892      
Gross Amount at Close of Period        
Land [2] 4,900      
Buildings and Improvements [2] 50,431      
Total [2] 55,331      
Accumulated Depreciation $ (1,823)      
Multi-Family - Operating | Corpus Christi, TX | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | Corpus Christi, TX | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | Dallas, TX        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 29,906      
Initial Cost to Company        
Land 3,616      
Buildings and Improvements 40,497      
Total Adjustment to Basis [1] 3,715      
Gross Amount at Close of Period        
Land [2] 3,616      
Buildings and Improvements [2] 44,212      
Total [2] 47,828      
Accumulated Depreciation $ (5,078)      
Multi-Family - Operating | Dallas, TX | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | Dallas, TX | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | Dallas, TX        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 26,063      
Initial Cost to Company        
Land 5,728      
Buildings and Improvements 34,635      
Total Adjustment to Basis [1] 1,672      
Gross Amount at Close of Period        
Land [2] 5,728      
Buildings and Improvements [2] 36,307      
Total [2] 42,035      
Accumulated Depreciation $ (4,274)      
Multi-Family - Operating | Dallas, TX | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | Dallas, TX | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | Houston, TX        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 22,891      
Initial Cost to Company        
Land 6,406      
Buildings and Improvements 25,211      
Total Adjustment to Basis [1] 1,522      
Gross Amount at Close of Period        
Land [2] 6,406      
Buildings and Improvements [2] 26,733      
Total [2] 33,139      
Accumulated Depreciation $ (3,437)      
Multi-Family - Operating | Houston, TX | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | Houston, TX | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | Little Rock, AR        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 25,361      
Initial Cost to Company        
Land 2,366      
Buildings and Improvements 27,229      
Total Adjustment to Basis [1] 1,228      
Gross Amount at Close of Period        
Land [2] 2,366      
Buildings and Improvements [2] 28,457      
Total [2] 30,823      
Accumulated Depreciation $ (3,369)      
Multi-Family - Operating | Little Rock, AR | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | Little Rock, AR | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | Louisville, KY        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 41,576      
Initial Cost to Company        
Land 5,567      
Buildings and Improvements 52,819      
Total Adjustment to Basis [1] 1,118      
Gross Amount at Close of Period        
Land [2] 5,567      
Buildings and Improvements [2] 53,937      
Total [2] 59,504      
Accumulated Depreciation $ (5,928)      
Multi-Family - Operating | Louisville, KY | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | Louisville, KY | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | Montgomery, AL        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 20,779      
Initial Cost to Company        
Land 3,367      
Buildings and Improvements 26,967      
Total Adjustment to Basis [1] 1,254      
Gross Amount at Close of Period        
Land [2] 3,367      
Buildings and Improvements [2] 28,221      
Total [2] 31,588      
Accumulated Depreciation $ (3,174)      
Multi-Family - Operating | Montgomery, AL | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | Montgomery, AL | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | San Antonio, TX        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 24,085      
Initial Cost to Company        
Land 3,116      
Buildings and Improvements 35,223      
Total Adjustment to Basis [1] 691      
Gross Amount at Close of Period        
Land [2] 3,116      
Buildings and Improvements [2] 35,914      
Total [2] 39,030      
Accumulated Depreciation $ (4,087)      
Multi-Family - Operating | San Antonio, TX | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | San Antonio, TX | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | San Antonio, TX        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 35,398      
Initial Cost to Company        
Land 6,827      
Buildings and Improvements 43,240      
Total Adjustment to Basis [1] 2,851      
Gross Amount at Close of Period        
Land [2] 6,827      
Buildings and Improvements [2] 46,091      
Total [2] 52,918      
Accumulated Depreciation $ (5,100)      
Multi-Family - Operating | San Antonio, TX | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | San Antonio, TX | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Operating | St Petersburg, FL        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 56,160      
Initial Cost to Company        
Land 9,823      
Buildings and Improvements 74,801      
Total Adjustment to Basis [1] 4,299      
Gross Amount at Close of Period        
Land [2] 9,823      
Buildings and Improvements [2] 79,100      
Total [2] 88,923      
Accumulated Depreciation $ (9,238)      
Multi-Family - Operating | St Petersburg, FL | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Operating | St Petersburg, FL | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Single-Family Rental - Operating        
Real estate properties and accumulated depreciation        
Number of Properties | property 484      
Encumbrances $ 64,137      
Initial Cost to Company        
Land 25,573      
Buildings and Improvements 101,291      
Total Adjustment to Basis [1] 19,011      
Gross Amount at Close of Period        
Land [2] 25,361      
Buildings and Improvements [2] 120,514      
Total [2] 145,875      
Accumulated Depreciation $ (10,531)      
Single-Family Rental - Operating | Houston, TX        
Real estate properties and accumulated depreciation        
Number of Properties | property 76      
Encumbrances $ 11,800      
Initial Cost to Company        
Land 3,958      
Buildings and Improvements 18,076      
Total Adjustment to Basis [1] 2,441      
Gross Amount at Close of Period        
Land [2] 3,958      
Buildings and Improvements [2] 20,517      
Total [2] 24,475      
Accumulated Depreciation $ (1,784)      
Single-Family Rental - Operating | Houston, TX | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Single-Family Rental - Operating | Houston, TX | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Single-Family Rental - Operating | Chicago, IL        
Real estate properties and accumulated depreciation        
Number of Properties | property 227      
Encumbrances $ 32,269      
Initial Cost to Company        
Land 10,139      
Buildings and Improvements 49,158      
Total Adjustment to Basis [1] 11,037      
Gross Amount at Close of Period        
Land [2] 10,139      
Buildings and Improvements [2] 60,194      
Total [2] 70,333      
Accumulated Depreciation $ (5,917)      
Single-Family Rental - Operating | Chicago, IL | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Single-Family Rental - Operating | Chicago, IL | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Single-Family Rental - Operating | Baltimore, MD        
Real estate properties and accumulated depreciation        
Number of Properties | property 119      
Encumbrances $ 18,015      
Initial Cost to Company        
Land 9,274      
Buildings and Improvements 24,979      
Total Adjustment to Basis [1] 4,774      
Gross Amount at Close of Period        
Land [2] 9,250      
Buildings and Improvements [2] 29,778      
Total [2] 39,028      
Accumulated Depreciation $ (2,410)      
Single-Family Rental - Operating | Baltimore, MD | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Single-Family Rental - Operating | Baltimore, MD | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Single-Family Rental - Operating | Atlanta, GA        
Real estate properties and accumulated depreciation        
Number of Properties | property 26      
Encumbrances $ 0      
Initial Cost to Company        
Land 644      
Buildings and Improvements 3,219      
Total Adjustment to Basis [1] 244      
Gross Amount at Close of Period        
Land [2] 644      
Buildings and Improvements [2] 3,463      
Total [2] 4,107      
Accumulated Depreciation $ (125)      
Single-Family Rental - Operating | Atlanta, GA | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Single-Family Rental - Operating | Atlanta, GA | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Single-Family Rental - Operating | Indianapolis, IN        
Real estate properties and accumulated depreciation        
Number of Properties | property 13      
Encumbrances $ 0      
Initial Cost to Company        
Land 228      
Buildings and Improvements 981      
Total Adjustment to Basis [1] 643      
Gross Amount at Close of Period        
Land [2] 228      
Buildings and Improvements [2] 1,624      
Total [2] 1,852      
Accumulated Depreciation $ (24)      
Single-Family Rental - Operating | Indianapolis, IN | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Single-Family Rental - Operating | Indianapolis, IN | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Single-Family Rental - Operating | Pittsburgh, PA        
Real estate properties and accumulated depreciation        
Number of Properties | property 12      
Encumbrances $ 0      
Initial Cost to Company        
Land 509      
Buildings and Improvements 2,050      
Total Adjustment to Basis [1] (583)      
Gross Amount at Close of Period        
Land [2] 321      
Buildings and Improvements [2] 1,655      
Total [2] 1,976      
Accumulated Depreciation $ (5)      
Single-Family Rental - Operating | Pittsburgh, PA | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Single-Family Rental - Operating | Pittsburgh, PA | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Single-Family Rental - Operating | Tampa, FL        
Real estate properties and accumulated depreciation        
Number of Properties | property 11      
Encumbrances $ 2,053      
Initial Cost to Company        
Land 821      
Buildings and Improvements 2,828      
Total Adjustment to Basis [1] 455      
Gross Amount at Close of Period        
Land [2] 821      
Buildings and Improvements [2] 3,283      
Total [2] 4,104      
Accumulated Depreciation $ (266)      
Single-Family Rental - Operating | Tampa, FL | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Single-Family Rental - Operating | Tampa, FL | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Total Operating Real Estate, Excluding Held For Sale        
Real estate properties and accumulated depreciation        
Number of Properties | property 495      
Encumbrances $ 430,743      
Initial Cost to Company        
Land 80,402      
Buildings and Improvements 557,068      
Total Adjustment to Basis [1] 40,869      
Gross Amount at Close of Period        
Land [2] 80,190      
Buildings and Improvements [2] 598,149      
Total 678,339 [2] $ 1,197,066 $ 714,192 $ 970,363
Accumulated Depreciation $ (61,834) $ (65,247) $ (21,224) $ (3,890)
Real Estate in Disposal Group Held for Sale | Houston, TX        
Real estate properties and accumulated depreciation        
Number of Properties | property 6      
Encumbrances $ 1,002      
Initial Cost to Company        
Land 363      
Buildings and Improvements 1,491      
Total Adjustment to Basis [1] (289)      
Gross Amount at Close of Period        
Land [2] 283      
Buildings and Improvements [2] 1,282      
Total [2] 1,565      
Accumulated Depreciation $ 0      
Real Estate in Disposal Group Held for Sale | Houston, TX | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Real Estate in Disposal Group Held for Sale | Houston, TX | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Real Estate in Disposal Group Held for Sale | Chicago, IL        
Real estate properties and accumulated depreciation        
Number of Properties | property 3      
Encumbrances $ 302      
Initial Cost to Company        
Land 84      
Buildings and Improvements 483      
Total Adjustment to Basis [1] 15      
Gross Amount at Close of Period        
Land [2] 79      
Buildings and Improvements [2] 503      
Total [2] 582      
Accumulated Depreciation $ 0      
Real Estate in Disposal Group Held for Sale | Chicago, IL | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Real Estate in Disposal Group Held for Sale | Chicago, IL | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Real Estate in Disposal Group Held for Sale | Baltimore, MD        
Real estate properties and accumulated depreciation        
Number of Properties | property 6      
Encumbrances $ 1,054      
Initial Cost to Company        
Land 583      
Buildings and Improvements 1,389      
Total Adjustment to Basis [1] (35)      
Gross Amount at Close of Period        
Land [2] 533      
Buildings and Improvements [2] 1,404      
Total [2] 1,937      
Accumulated Depreciation $ 0      
Real Estate in Disposal Group Held for Sale | Baltimore, MD | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Real Estate in Disposal Group Held for Sale | Baltimore, MD | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Real Estate in Disposal Group Held for Sale | Atlanta, GA        
Real estate properties and accumulated depreciation        
Number of Properties | property 7      
Encumbrances $ 0      
Initial Cost to Company        
Land 162      
Buildings and Improvements 656      
Total Adjustment to Basis [1] (148)      
Gross Amount at Close of Period        
Land [2] 133      
Buildings and Improvements [2] 537      
Total [2] 670      
Accumulated Depreciation $ 0      
Real Estate in Disposal Group Held for Sale | Atlanta, GA | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Real Estate in Disposal Group Held for Sale | Atlanta, GA | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Real Estate in Disposal Group Held for Sale | Indianapolis, IN        
Real estate properties and accumulated depreciation        
Number of Properties | property 12      
Encumbrances $ 0      
Initial Cost to Company        
Land 123      
Buildings and Improvements 1,162      
Total Adjustment to Basis [1] (448)      
Gross Amount at Close of Period        
Land [2] 72      
Buildings and Improvements [2] 765      
Total [2] 837      
Accumulated Depreciation $ 0      
Real Estate in Disposal Group Held for Sale | Indianapolis, IN | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Real Estate in Disposal Group Held for Sale | Indianapolis, IN | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Real Estate in Disposal Group Held for Sale | Pittsburgh, PA        
Real estate properties and accumulated depreciation        
Number of Properties | property 6      
Encumbrances $ 482      
Initial Cost to Company        
Land 218      
Buildings and Improvements 694      
Total Adjustment to Basis [1] 24      
Gross Amount at Close of Period        
Land [2] 184      
Buildings and Improvements [2] 752      
Total [2] 936      
Accumulated Depreciation $ 0      
Real Estate in Disposal Group Held for Sale | Pittsburgh, PA | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Real Estate in Disposal Group Held for Sale | Pittsburgh, PA | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Real Estate in Disposal Group Held for Sale | Bedford, OH        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 89      
Initial Cost to Company        
Land 31      
Buildings and Improvements 124      
Total Adjustment to Basis [1] (22)      
Gross Amount at Close of Period        
Land [2] 22      
Buildings and Improvements [2] 111      
Total [2] 133      
Accumulated Depreciation $ 0      
Real Estate in Disposal Group Held for Sale | Bedford, OH | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Real Estate in Disposal Group Held for Sale | Bedford, OH | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Real Estate in Disposal Group Held for Sale | Milwaukee, WI        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 150      
Initial Cost to Company        
Land 44      
Buildings and Improvements 230      
Total Adjustment to Basis [1] (32)      
Gross Amount at Close of Period        
Land [2] 38      
Buildings and Improvements [2] 204      
Total [2] 242      
Accumulated Depreciation $ 0      
Real Estate in Disposal Group Held for Sale | Milwaukee, WI | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Real Estate in Disposal Group Held for Sale | Milwaukee, WI | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Total Single-Family Rental - Held for Sale        
Real estate properties and accumulated depreciation        
Number of Properties | property 42      
Encumbrances $ 3,079      
Initial Cost to Company        
Land 1,608      
Buildings and Improvements 6,229      
Total Adjustment to Basis [1] (935)      
Gross Amount at Close of Period        
Land [2] 1,344      
Buildings and Improvements [2] 5,558      
Total [2] 6,902      
Accumulated Depreciation $ 0      
Multi-Family - Disposal Group        
Real estate properties and accumulated depreciation        
Number of Properties | property 2      
Encumbrances $ 93,370      
Initial Cost to Company        
Land 17,698      
Buildings and Improvements 88,172      
Total Adjustment to Basis [1] 14,148      
Gross Amount at Close of Period        
Land [2] 17,306      
Buildings and Improvements [2] 102,712      
Total [2] 120,018      
Accumulated Depreciation $ (8,986)      
Multi-Family - Disposal Group | Tampa, FL        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 55,150      
Initial Cost to Company        
Land 10,152      
Buildings and Improvements 53,668      
Total Adjustment to Basis [1] 7,019      
Gross Amount at Close of Period        
Land [2] 9,760      
Buildings and Improvements [2] 61,079      
Total [2] 70,839      
Accumulated Depreciation $ (7,121)      
Multi-Family - Disposal Group | Tampa, FL | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Disposal Group | Tampa, FL | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Multi-Family - Disposal Group | Fort Myers, FL        
Real estate properties and accumulated depreciation        
Number of Properties | property 1      
Encumbrances $ 38,220      
Initial Cost to Company        
Land 7,546      
Buildings and Improvements 34,504      
Total Adjustment to Basis [1] 7,129      
Gross Amount at Close of Period        
Land [2] 7,546      
Buildings and Improvements [2] 41,633      
Total [2] 49,179      
Accumulated Depreciation $ (1,865)      
Multi-Family - Disposal Group | Fort Myers, FL | Minimum        
Gross Amount at Close of Period        
Depreciable Period (Years) 5 years      
Multi-Family - Disposal Group | Fort Myers, FL | Maximum        
Gross Amount at Close of Period        
Depreciable Period (Years) 30 years      
Consolidated Real Estate        
Gross Amount at Close of Period        
Cost of consolidated real estate for federal income tax purposes $ 761,000      
[1] Consists of costs capitalized subsequent to acquisition and impairment charges.
[2] The aggregate cost of consolidated real estate in the table above for U.S. federal income tax purposes was approximately $761 million as of December 31, 2024.