v3.26.1
Segment Reporting
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Chief Executive Officer, as the chief operating decision maker (the “CODM”), allocates resources and evaluates results based on the performance of each of the Company's six reportable segments: multifamily, industrial, single-family rental, retail, office and investments in real estate debt, real estate-related and other securities. The Company and the CODM believe that segment net operating income is the key performance metric that captures the unique operating characteristics of each segment. The significant expense categories and amounts presented below align with the segment-level information that is regularly provided to the CODM.
The following table details the total assets by segment ($ in thousands):
June 30, 2026December 31, 2025
Multifamily$673,641 $649,339 
Industrial429,996 438,750 
Single-family rental43,080 43,671 
Retail132,957 122,873 
Office63,490 — 
Investments in real estate debt, real estate-related and other securities321,103 241,220 
Other (corporate)25,493 7,665 
Total assets$1,689,760 $1,503,518