v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Land $ 518,724 $ 527,422
Buildings and improvements 2,696,799 2,739,977
Intangible lease assets 759 0
Total gross operating real estate investments 3,216,282 3,267,399
Accumulated depreciation and amortization (463,531) (373,964)
Total net operating real estate investments 2,752,751 2,893,435
Real estate held for sale, net 91,540 55,592
Total net real estate investments 2,844,291 2,949,027
Investments, at fair value 3,368 2,500
Cash 95,022 40,738
Restricted cash 50,163 43,894
Accounts and other receivables, net 11,728 11,231
Prepaid and other assets 36,264 35,497
Interest rate derivatives, at fair value 21 21,289
Intangible assets, net 10,399 5,786
Asset-backed securitization certificates 78,964 78,964
Goodwill 20,522 20,522
TOTAL ASSETS 3,150,742 3,209,448
Liabilities:    
Notes payable, net 2,530,801 1,893,752
Credit facilities, net 80,555 554,135
Accounts payable and other accrued liabilities 37,241 43,847
Accrued real estate taxes payable 37,188 37,235
Accrued interest payable 32,915 30,176
Security deposit liability 26,646 26,063
Prepaid rents 4,395 2,891
Total Liabilities 2,749,741 2,588,099
Stockholders' Equity:    
Class A Common stock, $0.01 par value: 300,000,000 shares authorized; 25,912,630 and 25,377,421 shares issued and outstanding, respectively 261 256
Additional paid-in capital 761,850 762,904
Distributions in excess of retained earnings (834,825) (623,403)
Accumulated other comprehensive income 2,294 14,499
Total Stockholders' (Deficit) Equity (70,395) 154,281
TOTAL LIABILITIES AND EQUITY 3,150,742 3,209,448
Series B Preferred Stock    
Stockholders' Equity:    
Series B Preferred stock, $0.01 par value: 2,548,240 shares authorized; 2,548,240 shares issued and outstanding, respectively 25 25
Redeemable Series A Preferred Stock [Member]    
Liabilities:    
Redeemable Series A preferred stock, $0.01 par value: 16,000,000 shares authorized; 4,996,000 and 4,996,000 shares issued and outstanding, respectively 123,494 122,820
VineBrook Homes OP, LP    
Liabilities:    
Redeemable noncontrolling interests in the OP 277,844 257,454
Variable Interest Entity, Primary Beneficiary    
Liabilities:    
Redeemable noncontrolling interests in the OP 67,835 80,711
Stockholders' Equity:    
Noncontrolling interests in consolidated VIEs $ 2,223 $ 6,083