ARL · All filings · Read this filing

What changed 10-K

Item 2. Properties

2026-03-12 compared with 2025-03-20 · 6 added, 5 removed, 46 unchanged (19% of the section changed)

11 unchanged sentences

10 Residences at Holland Lake Weatherford, TX 2004 208 98.6 %

11 Villas at Bon Secour Gulf Shores, AL 2007 200 88.5 %

12 Villas of Park West I Pueblo, CO 2005 148 96.2 %

13 Villas of Park West II Pueblo, CO 2010 112 94.6 %

11 Villas of Park West Phase I Pueblo, CO 2005 148 96.6 %

12 Villas of Park West Phase II Pueblo, CO 2010 112 94.6 %

13 Vista Ridge Tupelo, MS 2009 160 94.4 %

Residential Properties in Construction

Count Property Location Units

Residential Properties in Lease-Up

Count Property Location Year Constructed Units Occupancy

1 Alera Lake Wales, FL 2025 240 12.9 %

1 unchanged sentence

3 Merano McKinney, TX 2025 216 11.1 %

Residential Properties in Construction

Count Property Location Units

1 Mountain Creek Dallas, TX 234

29 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.