Item 2. Properties
Item 2. Properties
Communities
As of December 31, 2023, we operated and managed 652 communities across 41 states, with the capacity to serve approximately 59,000 residents. As of December 31, 2023, we owned 345 communities, leased 277 communities, and managed 30 communities on behalf of others. As of December 31, 2023, 86% of our owned communities are subject to mortgages. The following table sets forth certain information regarding our owned, leased, and managed communities as of December 31, 2023, or, for occupancy, represents the weighted average occupancy for the month of December 2023.
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Number of Communities
State Units Owned Leased Managed Total
Texas 7,834 55 19 11 85
Florida 5,907 43 25 — 68
California 5,021 27 15 — 42
Colorado 3,368 13 11 5 29
North Carolina 3,192 7 45 — 52
Ohio 2,887 15 14 6 35
Illinois 2,818 3 9 1 13
Washington 2,705 13 18 — 31
Arizona 2,054 17 9 — 26
Michigan 1,678 9 22 — 31
New York 1,658 11 9 2 22
Tennessee 1,519 16 6 1 23
Oregon 1,499 11 11 — 22
Kansas 1,119 8 10 — 18
New Jersey 1,024 7 5 — 12
Virginia 964 7 3 — 10
Massachusetts 900 3 3 — 6
Pennsylvania 766 7 3 — 10
Alabama 760 4 — — 4
Georgia 656 8 — — 8
Louisiana 606 6 — 1 7
Connecticut 590 2 3 — 5
Idaho 548 6 1 — 7
Minnesota 538 — 12 — 12
Wisconsin 485 5 7 — 12
Missouri 479 2 — 1 3
Oklahoma 469 3 9 — 12
South Carolina 439 4 3 1 8
New Mexico 414 2 1 — 3
Rhode Island 396 3 — — 3
Mississippi 386 5 — — 5
Indiana 373 4 4 — 8
Maryland 359 3 — 1 4
Arkansas 332 4 — — 4
Nevada 257 4 — — 4
Kentucky 163 2 — — 2
Delaware 105 2 — — 2
Vermont 101 1 — — 1
West Virginia 93 1 — — 1
New Hampshire 90 1 — — 1
Montana 76 1 — — 1
Total 55,628 345 277 30 652
December 2023 occupancy rate (weighted average)
77.5 % 79.6 % 76.2 % 78.1 %
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Community Support Centers
Our main community support centers are leased, including our 98,656 square foot support center in Brentwood, Tennessee and our 156,016 square foot support center in Milwaukee, Wisconsin. Our lease in Milwaukee, Wisconsin expires in 2024, and we have entered into a new lease for a 5,391 square foot support center in Milwaukee, Wisconsin.
Item 3. Legal Proceedings
The information contained in Note 11 to the consolidated financial statements contained in "Item 8. Financial Statements and Supplementary Data" is incorporated herein by reference.
Item 4. Mine Safety Disclosures
Not applicable.
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PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.