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Investments in Real Estate (Tables)
12 Months Ended
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.