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Acquisition of Real Estate (Tables)

12 Months Ended

Dec. 31, 2025

Acquisition of Real Estate

Schedule of the assets acquired at the acquisition date

The following table summarizes the assets acquired and mortgage assumed at the acquisition dates for the Company’s acquisitions made during the years ended December 31, 2025 and 2024 (amounts in thousands):

​

​	​	​	​	​	​	​
​	​	Purchase Price Allocation
​	​ ​ ​	2025		​ ​ ​	2024
Land	​	$	22,762	​	$	38,440
Building	​	​	159,168	​	​	200,794
Building improvements	​		5,817	​		4,861
Land improvements	​		22,090	​		20,376
Furniture and fixtures	​		6,185	​		4,818
Construction in process	​	​	1,002	​	​	—
Other intangible assets, net	​	​	9,439	​	​	5,309
Total assets acquired (1)	​	$	226,463	​	$	274,598
​	​		​	​		​
Mortgage assumed	​	$	—	​	$	27,440
Fair value adjustment	​		—	​		(3,107)
Total liabilities assumed	​	$	—	​	$	24,333

⁽¹⁾ For 2025, the $226.5 million of total assets acquired includes $9.4 million of acquisition expenses that have been capitalized as the acquisitions have been accounted for as asset acquisitions. For 2024, the $274.6 million of total assets acquired includes $4.7 million of acquisition expenses that have been capitalized as the acquisitions have been accounted for as asset acquisitions.

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Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

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