v3.25.1
SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Net Operating Income of Reportable Segments
The following tables present revenues, NOI, capital expenditures and total assets for the three months ended March 31, 2025 and 2024 from our Residential segment as well as Other, and reconcile NOI to net loss as reported (in thousands):

 Three Months Ended March 31, 2025
 ResidentialOtherConsolidated
Real estate rental revenue$57,007 $4,486 $61,493 
Real estate expenses20,609 1,385 21,994 
Net operating income$36,398 $3,101 $39,499 
Property management expenses(2,246)
General and administrative expenses(9,229)
Depreciation and amortization(23,239)
Interest expense(9,460)
Net loss$(4,675)
Capital expenditures$5,663 $35 $5,698 
Total assets$1,703,880 $123,699 $1,827,579 
 Three Months Ended March 31, 2024
 ResidentialOtherConsolidated
Real estate rental revenue$54,871 $4,642 $59,513 
Real estate expenses20,358 1,361 21,719 
Net operating income$34,513 $3,281 $37,794 
Property management expenses(2,218)
General and administrative expenses(6,196)
Depreciation and amortization(24,943)
Interest expense(9,494)
Other income1,410 
Net loss$(3,647)
Capital expenditures$13,565 $57 $13,622 
Total assets$1,751,228 $125,311 $1,876,539