Investments In Unconsolidated Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The following table summarizes our investments in unconsolidated joint ventures, which are accounted for using the equity method model of accounting, as of March 31, 2023 and December 31, 2022:

		Number of Properties Owned		Carrying Value
	Ownership Percentage	March 31, 2023	December 31, 2022	March 31, 2023		December 31, 2022
Pathway Property Company(1)	100.0%	353	340	$	129,631	$	131,542
2020 Rockpoint JV(1)	20.0%	2,610	2,610	68,070		70,103
FNMA(2)	10.0%	475	488	42,831		46,151
Pathway Operating Company(3)	15.0%	N/A	N/A	21,608		22,011
2022 Rockpoint JV(1)	16.7%	132	132	10,766		10,764
Total				$	272,906	$	280,571

(1)Owns homes in markets within the Western United States, Southeast United States, Florida, and Texas.

(2)Owns homes within the Western United States.

(3)Represents an investment in an operating company that provides a technology platform and asset management services.