v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
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 and six months ended June 30, 2025 from our Residential segment as well as Other, and reconcile NOI to net loss as reported (in thousands):

Three Months Ended June 30, 2025
ResidentialOtherConsolidated
Real estate rental revenue$57,683 $4,416 $62,099 
Real estate expenses21,261 1,401 22,662 
Net operating income$36,422 $3,015 $39,437 
Other expense:
Property management expenses(2,256)
General and administrative expenses(7,689)
Depreciation and amortization(23,560)
Interest expense(9,498)
Net loss$(3,566)
Capital expenditures$8,707 $46 $8,753 
Total assets$1,692,236 $117,968 $1,810,204 

Six Months Ended June 30, 2025
ResidentialOtherConsolidated
Real estate rental revenue$114,690 $8,902 $123,592 
Real estate expenses41,870 2,786 44,656 
Net operating income$72,820 $6,116 $78,936 
Other expense:
Property management expenses(4,502)
General and administrative expenses(16,918)
Depreciation and amortization(46,799)
Interest expense(18,958)
Net loss$(8,241)
Capital expenditures$14,370 $81 $14,451