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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (14,998) $ 17,203
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 27,332 20,002
Amortization of deferred loan costs 844 722
Gain on sale of assets, net 0 (192)
Loss on derivative instruments, net 781 1,606
Gain on extinguishment of debt, net 0 (38,148)
Loss from equity method investment 713 35
Provision for credit losses 1,440 881
Non-cash stock-based compensation expense 2,199 1,786
Other non-cash items 364 (3)
Changes in operating assets and liabilities:    
Accounts receivable, net (5,628) (2,008)
Prepaid expenses 2,010 (756)
Other assets, net (16) (199)
Accounts payable and accrued expenses (3,265) (2,791)
Federal and state income taxes payable (113) (122)
Deferred income 1,270 315
Customer deposits (178) 45
Net cash provided by (used in) operating activities 12,755 (1,624)
Cash flows from investing activities:    
Investments in unconsolidated entities 0 (22,342)
Return of investment in unconsolidated entity 392 0
Acquisition of new communities (22,533) (11,105)
Capital expenditures (15,330) (9,899)
Proceeds from sale of assets 0 631
Net cash used in investing activities (37,471) (42,715)
Cash flows from financing activities:    
Proceeds from issuance of common stock, net of issuance costs 0 65,079
Proceeds from notes payable 9,000 36,648
Repayments of notes payable (1,567) (48,475)
Proceeds from credit facility 20,000 0
Repayment of credit facility (5,000) 0
Capital contributions from noncontrolling investors in joint ventures 287 0
Distributions to noncontrolling investors in joint ventures (132) 0
Purchase of derivative assets 0 (1,851)
Dividends paid on Series A convertible preferred stock (2,818) 0
Deferred loan costs paid (62) (633)
Other financing costs (382) (396)
Net cash provided by financing activities 19,326 50,372
Increase (decrease) in cash and cash equivalents and restricted cash (5,390) 6,033
Cash, cash equivalents, and restricted cash at beginning of period 39,087 17,750
Cash, cash equivalents, and restricted cash at end of period 33,697 23,783
Cash paid during the period for:    
Interest 17,883 14,016
Income taxes paid, net 267 237
Non-cash investing and financing activities:    
Undeclared dividends on Series A convertible preferred stock 0 2,707
Insurance financed through insurance notes payable 3,293 0
Non-cash additions of property and equipment 1,180 1,831
Non-cash right-of-use assets $ 643 $ 0