Real Estate Acquisitions and Dispositions	3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]
Real Estate Acquisitions and Dispositions	12. Real Estate Acquisitions and Dispositions Acquisitions During the three months ended March 31, 2026 and 2025, the Company did not acquire any multifamily apartment communities. In January 2026, the Company acquired two acres of land in Arlington, Virginia for approximately $20 million. In February 2026, the Company acquired four acres of land in Kansas City, Kansas for approximately $5 million. During the three months ended March 31, 2025, the Company did not acquire any land parcels. Dispositions In February 2026, the Company closed on the disposition of a 316-unit multifamily apartment community located in Houston, Texas for net proceeds of approximately $41 million, resulting in gain on the sale of depreciable real estate assets of approximately $20 million. In March 2025, the Company closed on the dispositions of a 336-unit and a 240-unit multifamily apartment community located in Columbia, South Carolina for net proceeds of approximately $81 million, resulting in gain on the sale of depreciable real estate assets of approximately $72 million. During the three months ended March 31, 2026 and 2025, the Company did not dispose of any land parcels. As of March 31, 2026, a 362-unit multifamily apartment community located in Dallas, Texas was classified as held for sale. The criteria for classifying the apartment community as held for sale was met during March 2026, and the property remained in the Company’s portfolio as of March 31,2026. As a result, the assets associated with the community was presented as “Assets held for sale” in the accompanying Condensed Consolidated Balance Sheet as of March 31, 2026.

Real Estate Acquisitions and Dispositions

3 Months Ended

Mar. 31, 2026

Real Estate Acquisitions and Dispositions

12. Real Estate Acquisitions and Dispositions

Acquisitions

During the three months ended March 31, 2026 and 2025, the Company did not acquire any multifamily apartment communities.

In January 2026, the Company acquired two acres of land in Arlington, Virginia for approximately $20 million. In February 2026, the Company acquired four acres of land in Kansas City, Kansas for approximately $5 million.

During the three months ended March 31, 2025, the Company did not acquire any land parcels.

Dispositions

In February 2026, the Company closed on the disposition of a 316-unit multifamily apartment community located in Houston, Texas for net proceeds of approximately $41 million, resulting in gain on the sale of depreciable real estate assets of approximately $20 million.

In March 2025, the Company closed on the dispositions of a 336-unit and a 240-unit multifamily apartment community located in Columbia, South Carolina for net proceeds of approximately $81 million, resulting in gain on the sale of depreciable real estate assets of approximately $72 million.

During the three months ended March 31, 2026 and 2025, the Company did not dispose of any land parcels.

As of March 31, 2026, a 362-unit multifamily apartment community located in Dallas, Texas was classified as held for sale. The criteria for classifying the apartment community as held for sale was met during March 2026, and the property remained in the Company’s portfolio as of March 31,2026. As a result, the assets associated with the community was presented as “Assets held for sale” in the accompanying Condensed Consolidated Balance Sheet as of March 31, 2026.