Significant Transactions (Tables)

3 Months Ended

Mar. 31, 2024

Significant Transactions [Abstract]

Schedule of Acquisition

Summarized information regarding this acquisition is set forth in the table below (dollars in thousands):

	Three Months Ended March 31, 2024
Purchase price	$	86,500
Capitalized transaction costs	713
Total consideration	$	87,213
Land	$	11,704
Building and improvements	73,102
Intangible assets (1)	2,482
Below-market lease liabilities (1)	(75)
Total consideration	$	87,213

(1)Intangible assets and below-market lease liabilities for the Raleigh, North Carolina apartment community acquisition have a weighted-average term of 0.5 years.