Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of significant expenses

The table below details the significant expenses for the years ended December 31, 2024, 2023 and 2022.

	YEAR ENDED DECEMBER 31,
Dollars in thousands	2024		2023		2022
Significant Segment Expenses:
Property taxes	$	126,692	$	137,634	$	98,101
Personnel	92,935		94,775		79,222
Utilities	97,889		101,840		65,999
Maintenance	110,962		117,969		80,527
Totals	$	428,478	$	452,218	$	323,849

The following schedule reconciles net income to segment expenses.

	YEAR ENDED DECEMBER 31,
Dollars in thousands	2024		2023		2022
Revenue	$	1,268,316	$	1,343,769	$	932,637
Property taxes	(126,692)		(137,634)		(98,101)
Personnel	(92,935)		(94,775)		(79,222)
Utilities	(97,889)		(101,840)		(65,999)
Maintenance	(110,962)		(117,969)		(80,527)
Other segment expenses	(128,087)		(106,624)		(72,923)
Transaction costs	(3,122)		(2,026)		(3,229)
Merger-related costs	—		1,952		(103,380)
Depreciation and amortization	(675,152)		(730,709)		(453,082)
Gain on sales of real estate properties and other assets	109,753		77,546		270,271
Interest expense	(242,425)		(258,584)		(146,691)
(Loss) gain on extinguishment of debt	(237)		62		(2,401)
Impairment of real estate properties and credit loss reserves	(313,547)		(154,912)		(54,427)
Impairment of goodwill	(250,530)		—		—
Equity loss from unconsolidated joint ventures	(135)		(1,682)		(687)
Interest and other (expense) income, net	(260)		1,343		(1,546)
Net (loss) income	$	(663,904)	$	(282,083)	$	40,693