v3.26.1
Real Estate Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Real Estate Investments The components of the Company’s real estate investments in homes were as follows (in thousands):

 

 

 

Land

 

 

Buildings and improvements (1)

 

Intangible lease assets

 

 

Real estate held for sale, net

 

 

Total gross real estate

 

 

Accumulated depreciation and amortization

 

 

Real Estate Balances, December 31, 2025

 

$

518,724

 

 

$

2,696,799

 

 

$

759

 

 

$

91,540

 

 

$

3,307,822

 

 

$

(463,531

)

 

Acquisitions

 

 

15,754

 

 

 

62,234

 

 

 

81

 

 

 

—

 

 

 

78,069

 

 

 

—

 

 

Additions

 

 

—

 

 

 

39,324

 

(2)

 

—

 

 

 

3,864

 

 

 

43,188

 

 

 

(55,073

)

(3)

Transfers to held for sale

 

 

(59,557

)

 

 

(331,270

)

 

 

—

 

 

 

331,338

 

 

 

(59,489

)

 

 

59,489

 

 

Reclasses

 

 

(30

)

 

 

—

 

 

 

—

 

 

 

(2,450

)

 

 

(2,480

)

 

 

—

 

 

Write-offs

 

 

—

 

 

 

(34

)

 

 

—

 

 

 

—

 

 

 

(34

)

 

 

—

 

 

Dispositions

 

 

(1,446

)

 

 

(8,301

)

 

 

—

 

 

 

(139,049

)

 

 

(148,796

)

 

 

1,324

 

 

Impairment

 

 

—

 

 

 

(9,385

)

 

 

—

 

 

 

(20,861

)

 

 

(30,246

)

 

 

—

 

 

Real Estate Balances, June 30, 2026

 

$

473,445

 

 

$

2,449,367

 

 

$

840

 

 

$

264,382

 

 

$

3,188,034

 

 

$

(457,791

)

 

 

(1)
Includes capitalized interest, real estate taxes, insurance and other costs incurred during rehabilitation of the properties.
(2)
Includes capitalized interest of approximately $0.3 million and other capitalizable costs outlined in (1) above of approximately $0.2 million.
(3)
Accumulated depreciation and amortization activity excludes approximately $2.1 million of depreciation and amortization related to assets not classified as real estate investments.