v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Land $ 473,445 $ 518,724
Buildings and improvements 2,449,367 2,696,799
Intangible lease assets 840 759
Total gross operating real estate investments 2,923,652 3,216,282
Accumulated depreciation and amortization (457,791) (463,531)
Total net operating real estate investments 2,465,861 2,752,751
Real estate held for sale, net 264,382 91,540
Total net real estate investments 2,730,243 2,844,291
Investments, at fair value 3,388 3,368
Cash 24,477 95,022
Restricted cash 69,853 50,163
Accounts and other receivables, net 11,772 11,728
Prepaid and other assets 52,362 36,264
Interest rate derivatives, at fair value 5,800 21
Intangible assets, net 9,749 10,399
Asset-backed securitization certificates 78,964 78,964
Goodwill 20,522 20,522
TOTAL ASSETS 3,007,130 3,150,742
Liabilities:    
Notes payable, net 2,419,947 2,530,801
Credit facilities, net 145,254 80,555
Accounts payable and other accrued liabilities 51,635 37,241
Accrued real estate taxes payable 41,566 37,188
Accrued interest payable 36,802 32,915
Security deposit liability 24,562 26,646
Prepaid rents 4,489 4,395
Total Liabilities 2,724,255 2,749,741
Stockholders' Equity:    
Class A Common stock, $0.01 par value: 300,000,000 shares authorized; 26,150,899 and 25,912,630 shares issued and outstanding, respectively 264 261
Additional paid-in capital 746,511 761,850
Distributions in excess of retained earnings (927,866) (834,825)
Accumulated other comprehensive income 2,294 2,294
Total Stockholders' (Deficit) Equity (178,772) (70,395)
TOTAL LIABILITIES AND EQUITY 3,007,130 3,150,742
Series B Preferred Stock    
Stockholders' Equity:    
Series B Preferred stock, $0.01 par value: 2,548,240 shares authorized; 2,548,240 and 2,548,240 shares issued and outstanding, respectively 25 25
Redeemable Series A Preferred Stock [Member]    
Liabilities:    
Redeemable Series A Preferred stock, $0.01 par value: 16,000,000 shares authorized; 4,996,000 and 4,996,000 shares issued and outstanding, respectively 123,831 123,494
VineBrook Homes OP, LP    
Liabilities:    
Redeemable noncontrolling interests in the OP 267,225 277,844
Variable Interest Entity, Primary Beneficiary    
Liabilities:    
Redeemable noncontrolling interests in the OP 70,247 67,835
Stockholders' Equity:    
Noncontrolling interests in consolidated VIEs $ 344 $ 2,223