Apartment homes sold.

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Development Costs Excluding Direct Costs and Capitalized Interest

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Number of apartment homes acquired.

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Number of communities sold.

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Amount of cash outflow to settle the joint venture's loan.

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Amount of distribution received from equity method investee for return on investment, classified as operating activities. Excludes distribution for return of investment, classified as investing activities.

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The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy.

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The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes.

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Amount of interest capitalized, including amount of allowance for funds used during construction.

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The number of states the entity operates in as of the balance sheet date.

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The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner.

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Cash received for the sale of real estate that is not part of an investing activity during the current period.

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REAL ESTATE OWNED - Additional Information (Details) $ in Thousands	1 Months Ended		3 Months Ended
	Apr. 30, 2026 USD ($) home	Mar. 31, 2026 USD ($) home community state	Mar. 31, 2026 USD ($) state	Mar. 31, 2025 USD ($)
Real estate properties
Number of states in which there are owned and consolidated communities \| state		12	12
Gain/(loss) on sale of real estate owned			$ 157,416	$ 47,939
Development Costs Excluding Direct Costs and Capitalized Interest			4,400	2,600
Interest capitalized during period			2,200	$ 2,000
Operating community in Portland, Oregon \| Subsequent Event
Real estate properties
Number of apartment homes acquired \| home	232
Repayment of joint venture's loan	$ 54,000
Proceeds from preferred investment	18,900
Payment of cash consideration	$ 0
Four operating communities located in various markets
Real estate properties
Number of communities sold \| community		4
Number of apartment homes sold \| home		1,159
Proceeds from Sale of Real Estate		$ 362,000
Gain/(loss) on sale of real estate owned		157,400
Escrow Deposit		$ 134,800	$ 134,800