v3.25.4
Real Estate Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Real Estate [Abstract]  
Schedule of Real Estate Investments The components of the Company’s real estate investments in homes were as follows (in thousands):

 

 

 

Land

 

 

Buildings and improvements (1)

 

Intangible lease assets

 

 

Real estate held for sale, net

 

 

Total gross real estate

 

 

Accumulated depreciation and amortization

 

 

Real Estate Balances, December 31, 2024

 

$

527,422

 

 

$

2,739,977

 

 

$

—

 

 

$

55,592

 

 

$

3,322,991

 

 

$

(373,964

)

 

Acquisitions

 

 

25,949

 

 

 

99,017

 

 

 

759

 

 

 

—

 

 

 

125,725

 

 

 

—

 

 

Additions

 

 

242

 

 

 

44,703

 

(2)

 

—

 

 

 

5,327

 

 

 

50,272

 

 

 

(116,596

)

(3)

Transfers to held for sale

 

 

(33,798

)

 

 

(174,693

)

 

 

—

 

 

 

182,393

 

 

 

(26,098

)

 

 

26,098

 

 

Reclasses

 

 

157

 

 

 

220

 

 

 

—

 

 

 

(1,914

)

 

 

(1,537

)

 

 

327

 

 

Write-offs

 

 

(40

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(40

)

 

 

—

 

 

Dispositions

 

 

(1,208

)

 

 

(7,256

)

 

 

—

 

 

 

(135,438

)

 

 

(143,902

)

 

 

604

 

 

Impairment

 

 

—

 

 

 

(5,169

)

 

 

—

 

 

 

(14,420

)

 

 

(19,589

)

 

 

—

 

 

Real Estate Balances, December 31, 2025

 

$

518,724

 

 

$

2,696,799

 

 

$

759

 

 

$

91,540

 

 

$

3,307,822

 

 

$

(463,531

)

 

 

(1)
Includes capitalized interest, real estate taxes, insurance and other costs incurred during rehabilitation of the properties.
(2)
Includes capitalized interest of approximately $0.6 million and other capitalizable costs outlined in (1) above of approximately $0.5 million.
(3)
Accumulated depreciation and amortization activity excludes approximately $8.1 million of depreciation and amortization related to assets not classified as real estate investments.