Subsequent Events	6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events At-the-Market Equity Offerings Subsequent to the quarter ended June 30, 2026, the Company sold 671,732 shares of common stock pursuant to its ATM Program at a weighted average price of $41.05 per share for $27.3 million in net proceeds. Sale of IRC In July 2026, the Company sold an IRC with a notional value of $262.5 million for $1.3 million. Proceeds of this sale were used to purchase an IR Swap with a notional value of $287.5 million for $1.3 million to reduce exposure to interest rate fluctuations associated with the term loan tranche maturing in three years. Ally Financing On August 7, 2026 the Company entered into the Second Amended and Restated Term Loan Agreement with Ally Bank which provides up to $380.0 million in borrowings. At closing, the Company drew $372.5 million on the Ally Term Loan and will have a delayed draw of $7.5 million available subject to achieving certain debt yields and debt service coverage ratios. The funds were used to fully repay the existing $122.0 million term loan with Ally and the $170.0 million Bridge Facility, with the remaining net proceeds used to pay down $70 million on Revolving Credit Facility. The loan has a five-year maturity with two one-year extension options and an interest rate of SOFR plus 185 basis points. The Ally Term Loan is secured by 28 of the Company’s communities.

Subsequent Events

6 Months Ended

Jun. 30, 2026

At-the-Market Equity Offerings

Subsequent to the quarter ended June 30, 2026, the Company sold 671,732 shares of common stock pursuant to its ATM Program at a weighted average price of $41.05 per share for $27.3 million in net proceeds.

Sale of IRC

In July 2026, the Company sold an IRC with a notional value of $262.5 million for $1.3 million. Proceeds of this sale were used to purchase an IR Swap with a notional value of $287.5 million for $1.3 million to reduce exposure to interest rate fluctuations associated with the term loan tranche maturing in three years.

Ally Financing

On August 7, 2026 the Company entered into the Second Amended and Restated Term Loan Agreement with Ally Bank which provides up to $380.0 million in borrowings. At closing, the Company drew $372.5 million on the Ally Term Loan and will have a delayed draw of $7.5 million available subject to achieving certain debt yields and debt service coverage ratios. The funds were used to fully repay the existing $122.0 million term loan with Ally and the $170.0 million Bridge Facility, with the remaining net proceeds used to pay down $70 million on Revolving Credit Facility. The loan has a five-year maturity with two one-year extension options and an interest rate of SOFR plus 185 basis points. The Ally Term Loan is secured by 28 of the Company’s communities.