Investments (Tables)

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Summary of Details Regarding Acquired Communities

Details regarding communities acquired in 2024, 2023 and 2022, are summarized in the following table (dollars in thousands):

Community name	Location	Number of communities	Apartment homes	Purchase price		Commercial square feet
Avalon at Pier 121	Lewisville, TX	1	300	$	62,100	—
Avalon Perimeter Park	Morrisville, NC	1	262	66,500		—
Avalon Cherry Hills	Englewood, CO	1	306	95,000		—
AVA Balboa Park	San Diego, CA	1	100	51,000		1,700
Avalon Townhomes at Bee Cave	Bee Cave, TX	1	126	49,000		—
Avalon Lowry	Denver, CO	1	347	136,500		—
Total 2024 acquisitions		6	1,441	$	460,100	1,700
Total 2023 acquisitions		3	1,131	$	277,200	—
Total 2022 acquisitions		4	1,313	$	536,200	16,000