Subsequent Events	6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events The Company evaluated subsequent events through the date the consolidated financial statements were issued, to determine if any significant events occurred subsequent to the balance sheet date that would have a material impact on these consolidated financial statements and determined the following events were material: Dispositions Subsequent to June 30, 2026, the Company disposed of 396 homes in the VineBrook Portfolio for net proceeds of approximately $50.8 million. Acquisitions Subsequent to June 30, 2026, the Company acquired 58 homes in the VineBrook Portfolio for a total purchase price of $17.8 million. Common Dividend On August 10, 2026, the Company approved a Common Stock dividend of $0.5301 per share for stockholders of record as of August 14, 2026, that is to be paid on August 19, 2026. Barings Term Loan II On August 14, 2026, the OP, via its indirect subsidiaries, as borrowers, entered into a credit agreement that provided for a $547.0 million loan (the “Barings Term Loan II”) with Massachusetts Mutual Life Insurance Company and MassMutual Ascend Life Insurance Company, as lenders, which has been fully funded at an original issue discount of 3.0% of the Barings Term Loan II. The Barings Term Loan II is interest-only and matures on August 14, 2031. The loan bears interest at 5.948% per annum, payable monthly. The Company used the proceeds from the Barings Term Loan II to fully repay the outstanding balances of the JPM Term Loan and the Bluerock Loan (as defined below). Bluerock Loan On July 2, 2026, the OP, as borrower, entered into a credit agreement for an aggregate amount of $30.0 million (the “Bluerock Loan”) with BPRE Lender, LLC. The Bluerock Loan provides for a 1-year, interest-only loan at a 10.0% fixed rate. OSL, an entity that may be deemed an affiliate of the Company’s advisor through common beneficial ownership, participated as a member of the lender group with a commitment of $15.0 million of the total $30.0 million loan. On August 14, 2026, the Company fully paid off the outstanding principal and interest on the Bluerock Loan in connection with the Barings Term Loan II. NAV Determination On August 14, 2026, the Pricing Committee determined that the Company’s NAV per share calculated on a fully diluted basis was $52.68 as of June 30, 2026. Common Stock and OP Units issued under the respective DRIPs will be issued a 3.0% discount to the NAV per share in effect.

Subsequent Events

6 Months Ended

Jun. 30, 2026

14. Subsequent Events

The Company evaluated subsequent events through the date the consolidated financial statements were issued, to determine if any significant events occurred subsequent to the balance sheet date that would have a material impact on these consolidated financial statements and determined the following events were material:

Dispositions

Subsequent to June 30, 2026, the Company disposed of 396 homes in the VineBrook Portfolio for net proceeds of approximately $50.8 million.

Acquisitions

Subsequent to June 30, 2026, the Company acquired 58 homes in the VineBrook Portfolio for a total purchase price of $17.8 million.

Common Dividend

On August 10, 2026, the Company approved a Common Stock dividend of $0.5301 per share for stockholders of record as of August 14, 2026, that is to be paid on August 19, 2026.

Barings Term Loan II

On August 14, 2026, the OP, via its indirect subsidiaries, as borrowers, entered into a credit agreement that provided for a $547.0 million loan (the “Barings Term Loan II”) with Massachusetts Mutual Life Insurance Company and MassMutual Ascend Life Insurance Company, as lenders, which has been fully funded at an original issue discount of 3.0% of the Barings Term Loan II. The Barings Term Loan II is interest-only and matures on August 14, 2031. The loan bears interest at 5.948% per annum, payable monthly. The Company used the proceeds from the Barings Term Loan II to fully repay the outstanding balances of the JPM Term Loan and the Bluerock Loan (as defined below).

Bluerock Loan

On July 2, 2026, the OP, as borrower, entered into a credit agreement for an aggregate amount of $30.0 million (the “Bluerock Loan”) with BPRE Lender, LLC. The Bluerock Loan provides for a 1-year, interest-only loan at a 10.0% fixed rate. OSL, an entity that may be deemed an affiliate of the Company’s advisor through common beneficial ownership, participated as a member of the lender group with a commitment of $15.0 million of the total $30.0 million loan. On August 14, 2026, the Company fully paid off the outstanding principal and interest on the Bluerock Loan in connection with the Barings Term Loan II.

NAV Determination

On August 14, 2026, the Pricing Committee determined that the Company’s NAV per share calculated on a fully diluted basis was $52.68 as of June 30, 2026. Common Stock and OP Units issued under the respective DRIPs will be issued a 3.0% discount to the NAV per share in effect.