v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Carrying Amounts and Fair Values of Financial Instruments
For those financial instruments not carried at fair value, the carrying amount and estimated fair values of our financial assets and liabilities, were as follows as of June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026December 31, 2025
Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Debt, excluding deferred loan costs1,583,438 1,443,837 693,119 661,756 
Liabilities held for sale 1
13,597 12,431 13,021 12,643 
1 Notes payable on one community that was classified as held for sale as of December 31, 2025. This community was sold as of June 30, 2026. Also, notes payable, excluding deferred loan costs, on another community was classified as held for sale as of June 30, 2026.
Schedule of Fair Value Assets Measured on Non-recurring Basis
As of June 30, 2026, the Company’s assets measured at fair value on a non-recurring basis were as follows (in thousands):

June 30, 2026December 31, 2025
Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Assets
Assets held for sale9,540 9,540 9,453 9,453