Acquisition of Real Estate (Tables)

6 Months Ended

Jun. 30, 2026

Acquisition of Real Estate

Schedule of the assets acquired at the acquisition date

The following table summarizes the allocation of the purchase price to the assets acquired for acquisitions completed during the six months ended June 30, 2026 and 2025 (amounts in thousands):


		Six Months Ended June 30,
Purchase Price Allocation		2026			2025
Land		$	1,055		$	4,240
Building			8,729			41,287
Building improvements			289			1,018
Land improvements			411			9,458
Furniture and fixtures			215			1,644
Other intangible assets, net			—			1,003
Total assets acquired ⁽¹⁾		$	10,699		$	58,650

(1)

For 2026, the $10.7 million of total assets acquired includes $0.3 million of acquisition expenses that have been capitalized as the 40 units acquired at Parkside at Summers Corner have been accounted for as asset acquisitions. For 2025, the $58.7 million of total assets acquired includes $2.1 million of acquisition expenses that have been capitalized as the acquisitions have been accounted for as asset acquisitions.