SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Land, Amount

Breakdown

Segment	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Southern California	$1.01B	$997.40M	$960.07M	$923.36M	$892.61M
South Florida	$713.67M	$723.40M	$714.91M	$702.70M	$694.35M
Phoenix	$370.68M	$390.90M	$429.15M	$433.70M	$432.58M
Tampa	$348.21M	$360.39M	$395.28M	$414.35M	$426.45M
Atlanta	$329.68M	$330.15M	$335.73M	$332.48M	$331.62M
Northern California	$361.35M	$366.27M	$353.50M	$336.15M	$325.44M
Seattle	$328.67M	$334.65M	$331.37M	$323.76M	$320.14M
Denver	$235.50M	$237.78M	$232.34M	$266.60M	$313.37M
Orlando	$227.32M	$234.17M	$249.41M	$255.32M	$270.91M
Carolinas	$191.34M	$197.09M	$204.20M	$225.70M	$234.76M
Dallas	$133.74M	$135.42M	$145.22M	$152.77M	$172.17M
Las Vegas	$137.95M	$146.61M	$161.57M	$161.02M	$160.49M
Chicago	$129.44M	$127.28M	$125.73M	$124.42M	$123.56M
Jacksonville	$88.84M	$90.47M	$94.65M	$95.27M	$104.81M
Houston	$63.32M	$62.87M	$79.24M	$79.98M	$99.55M
Minneapolis	$66.25M	$65.26M	$63.46M	$62.32M	$60.89M
Nashville	—	—	$2.34M	$11.18M	$21.46M
Salt Lake City	—	—	—	—	$1.22M
Total	—	—	—	—	—

JacksonvilleView metric

Northern CaliforniaView metric

Salt Lake CityView metric

South FloridaView metric

Southern CaliforniaView metric

Segment	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Southern California	$1.01B	$997.40M	$960.07M	$923.36M	$892.61M
South Florida	$713.67M	$723.40M	$714.91M	$702.70M	$694.35M
Phoenix	$370.68M	$390.90M	$429.15M	$433.70M	$432.58M
Tampa	$348.21M	$360.39M	$395.28M	$414.35M	$426.45M
Atlanta	$329.68M	$330.15M	$335.73M	$332.48M	$331.62M
Northern California	$361.35M	$366.27M	$353.50M	$336.15M	$325.44M
Seattle	$328.67M	$334.65M	$331.37M	$323.76M	$320.14M
Denver	$235.50M	$237.78M	$232.34M	$266.60M	$313.37M
Orlando	$227.32M	$234.17M	$249.41M	$255.32M	$270.91M
Carolinas	$191.34M	$197.09M	$204.20M	$225.70M	$234.76M
Dallas	$133.74M	$135.42M	$145.22M	$152.77M	$172.17M
Las Vegas	$137.95M	$146.61M	$161.57M	$161.02M	$160.49M
Chicago	$129.44M	$127.28M	$125.73M	$124.42M	$123.56M
Jacksonville	$88.84M	$90.47M	$94.65M	$95.27M	$104.81M
Houston	$63.32M	$62.87M	$79.24M	$79.98M	$99.55M
Minneapolis	$66.25M	$65.26M	$63.46M	$62.32M	$60.89M
Nashville	—	—	$2.34M	$11.18M	$21.46M
Salt Lake City	—	—	—	—	$1.22M
Total	—	—	—	—	—