v3.25.2
Segment Information - Summary of NOI by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Information        
Total property revenue $ 110,468 $ 115,959 $ 219,184 $ 235,844
NOI 65,633 69,253 130,918 143,083
Operating Segments        
Segment Information        
Property rental revenue 105,246 110,489 209,605 225,566
Other property revenue 5,222 5,470 9,579 10,278
Total property revenue 110,468 115,959 219,184 235,844
Real estate taxes 11,968 13,162 23,131 26,553
Payroll 6,947 7,502 13,696 15,192
Utilities 6,544 6,592 13,864 13,807
Repairs and maintenance 11,509 11,028 21,418 20,639
Other property operating 7,572 7,074 14,765 13,512
Total property expense 44,540 45,358 86,874 89,703
NOI 65,928 70,601 132,310 146,141
Operating Segments | Multifamily Segment        
Segment Information        
Property rental revenue 53,563 52,203 108,165 103,934
Other property revenue 654 937 1,275 1,653
Total property revenue 54,217 53,140 109,440 105,587
Real estate taxes 6,165 5,477 11,736 10,879
Payroll 3,845 4,222 7,587 8,404
Utilities 3,776 3,390 7,694 6,936
Repairs and maintenance 6,276 5,468 11,713 9,831
Other property operating 3,188 2,606 6,233 4,973
Total property expense 23,250 21,163 44,963 41,023
NOI 30,967 31,977 64,477 64,564
Operating Segments | Commercial Segment        
Segment Information        
Property rental revenue 51,683 58,286 101,440 121,632
Other property revenue 4,568 4,533 8,304 8,625
Total property revenue 56,251 62,819 109,744 130,257
Real estate taxes 5,803 7,685 11,395 15,674
Payroll 3,102 3,280 6,109 6,788
Utilities 2,768 3,202 6,170 6,871
Repairs and maintenance 5,233 5,560 9,705 10,808
Other property operating 4,384 4,468 8,532 8,539
Total property expense 21,290 24,195 41,911 48,680
NOI 34,961 38,624 67,833 81,577
Other        
Segment Information        
NOI $ (295) $ (1,348) $ (1,392) $ (3,058)