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Investments in Real Estate (Tables) | 12 Months Ended
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Dec. 31, 2025
Investments in Real Estate |
Schedule of consolidated operating investments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Number of | ​ | ​ | Ownership |
Operating Investment Name | ​ ​ ​ | Location / Market | ​ ​ ​ | Units (1) | ​ ​ ​ | ​ ​ ​ | Interest | ​
Residential Communities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allure at Southpark | ​ | Charlotte, NC | ​ | 350 | ​ | ​ | 98 | %
Amira at Westly |  | Tampa, FL |  | 408 |  |  | (2) | ​
Avenue at Timberlin Park |  | Jacksonville, FL |  | 200 |  |  | 100 | %
District at Parkview (3) | ​ | Stone Mountain, GA | ​ | 264 | ​ | ​ | 69 | %
Skytop Apartments (3) | ​ | Cincinnati, OH | ​ | 361 | ​ | ​ | 3 | %
Southern Pines Reserve (3) | ​ | Aberdeen, NC | ​ | 272 | ​ | ​ | 22 | %
Villas at Huffmeister |  | Houston, TX |  | 294 |  |  | 95 | %
Wayford at Concord | ​ | Concord, NC | ​ | 150 | ​ | ​ | 83 | %
Yauger Park Villas | ​ | Olympia, WA | ​ | 80 | ​ | ​ | 95 | %
Total Residential Communities Units |  | ​ |  | 2,379 |  |  | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Scattered Single-Family Homes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ballast | ​ | AZ / CO / WA | ​ | 84 | ​ | ​ | 95 | %
Golden Pacific | ​ | IN / KS / MO | ​ | 161 | ​ | ​ | 97 | %
ILE | ​ | TX / SE US | ​ | 450 | ​ | ​ | 95 | %
Indy-Springfield | ​ | IN / MO | ​ | 304 | ​ | ​ | 100 | %
Peak JV 2 | ​ | Various / TX | ​ | 549 | ​ | ​ | 100 | %
Peak JV 3 | ​ | Dallas-Fort Worth, TX | ​ | 42 | ​ | ​ | 100 | %
Savannah-84 | ​ | Savannah, GA | ​ | 84 | ​ | ​ | 100 | %
Total Scattered Single-Family Homes | ​ | ​ | ​ | 1,674 | ​ | ​ | ​ | ​
Total Operating Units | ​ | ​ | ​ | 4,053 | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Development / Lease-up Investment Name | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential Communities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Abode Wendell Falls (4) | ​ | Wendell, NC | ​ | 170 | ​ | ​ | 100 | %
Harmony at Clear Creek (4) | ​ | Shawnee, KS | ​ | 188 | ​ | ​ | 85 | %
Parkside at Summers Corner (5) | ​ | Summerville, SC | ​ | 12 | ​ | ​ | 100 | %
Total Development Units | ​ | ​ | ​ | 370 | ​ | ​ | ​ | ​
Total Units | ​ | ​ | ​ | 4,423 | ​ | ​ | ​ | ​
(1) | Total number of units includes an aggregate of 107 units classified as held for sale, with such units included in the following portfolios: 12 units of Golden Pacific, 27 units of ILE, 18 units of Indy-Springfield, 8 units of Peak JV 2, and all 42 units of Peak JV 3.
(2) | Amira at Westly is held through the Company’s DST Program (refer to Note 9 for further information). The Amira at Westly DST has been fully subscribed with equity from individual investors.
(3) | District at Parkview, Skytop Apartments and Southern Pines Reserve are held through the Company’s DST Program.
(4) | Represents a development project with no units delivered as of December 31, 2025.
(5) | Parkside at Summers Corner represents a development project with units to be acquired in tranches as construction is completed. Of the total 100 units that the Company has committed to acquire, 12 units had been acquired as of December 31, 2025.
Schedule of development properties in real estate | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Actual /
​ | ​ | ​ | ​ | Planned
Development Investment Name | ​ ​ ​ | Location | ​ ​ ​ | Number of Units
Archer at RiverBlue | ​ | Asheville, NC | ​ | 245
Canvas at Wildwood | ​ | Wildwood, FL | ​ | 224
River Ford | ​ | Brunswick, GA | ​ | 170
Sanford Marketplace | ​ | Sanford, NC | ​ | 300
Total Development Units | ​ | ​ | ​ | 939
​ | ​ | ​ | ​ | ​
Operating Investment Name (1) |  | ​ |  | ​
Wayford at Innovation Park | ​ | Charlotte, NC | ​ | 210
Total Operating Units | ​ | ​ | ​ | 210
Total Units |  | ​ |  | 1,149
(1)Operating investment represents a stabilized operating property.

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