Item 2. Properties
Item 2. Properties
Communities
As of December 31, 2024, we operated and managed 647 communities across 41 states, with the capacity to serve approximately 58,000 residents. As of December 31, 2024, we owned 353 communities, leased 266 communities, and managed 28 communities on behalf of others. As of December 31, 2024, 90% 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, 2024, or, for occupancy, represents the weighted average occupancy for the month of December 2024.
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Number of Communities
State Units Owned Leased Managed Total
Texas 7,667 53 19 11 83
Florida 5,907 44 24 — 68
California 5,021 31 11 — 42
Colorado 3,368 13 11 5 29
North Carolina 3,193 7 45 — 52
Ohio 2,887 15 14 6 35
Illinois 2,823 3 9 1 13
Washington 2,705 19 12 — 31
Arizona 2,054 17 9 — 26
Michigan 1,678 9 22 — 31
Tennessee 1,518 16 6 1 23
Oregon 1,499 11 11 — 22
New York 1,441 11 9 1 21
Kansas 1,120 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
New Mexico 426 2 1 — 3
Rhode Island 398 3 — — 3
Mississippi 386 5 — — 5
Maryland 359 3 — 1 4
South Carolina 333 4 3 — 7
Arkansas 332 4 — — 4
Indiana 310 3 4 — 7
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 55,095 353 266 28 647
December 2024 weighted average occupancy
78.4 % 80.8 % 81.2 % 79.5 %
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Community Support Centers
Our main community support centers are leased, including our 52,755 square foot support center in Brentwood, Tennessee and our 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.