Real Estate Acquisitions and Dispositions	6 Months Ended
Jun. 30, 2025
Real Estate [Abstract]
Real Estate Acquisitions and Dispositions	12. Real Estate Acquisitions and Dispositions Acquisitions In June 2025, the Company acquired a 19-acre land parcel in Charleston, South Carolina for approximately $9 million. During the six months ended June 30, 2025, the Company did not acquire any multifamily apartment communities. In May 2024, the Company closed on the acquisition of a 306-unit multifamily apartment community located in Raleigh, North Carolina for approximately $81 million. In April 2024, the Company also acquired a 13-acre land parcel in Phoenix, Arizona for approximately $11 million. Dispositions In March 2025, the Company closed on the dispositions of a 336-unit and a 240-unit multifamily apartment community located in Columbia, South Carolina for net proceeds of approximately $81 million, resulting in gain on the sale of depreciable real estate assets of approximately $72 million. During the six months ended June 30, 2025, the Company did not dispose of any land parcels. During the six months ended June 30, 2024, the Company did not dispose of any multifamily apartment communities or land parcels.

Real Estate Acquisitions and Dispositions

6 Months Ended

Jun. 30, 2025

Real Estate Acquisitions and Dispositions

12. Real Estate Acquisitions and Dispositions

Acquisitions

In June 2025, the Company acquired a 19-acre land parcel in Charleston, South Carolina for approximately $9 million. During the six months ended June 30, 2025, the Company did not acquire any multifamily apartment communities.

In May 2024, the Company closed on the acquisition of a 306-unit multifamily apartment community located in Raleigh, North Carolina for approximately $81 million. In April 2024, the Company also acquired a 13-acre land parcel in Phoenix, Arizona for approximately $11 million.

Dispositions

In March 2025, the Company closed on the dispositions of a 336-unit and a 240-unit multifamily apartment community located in Columbia, South Carolina for net proceeds of approximately $81 million, resulting in gain on the sale of depreciable real estate assets of approximately $72 million. During the six months ended June 30, 2025, the Company did not dispose of any land parcels.

During the six months ended June 30, 2024, the Company did not dispose of any multifamily apartment communities or land parcels.