What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2024-02-20 compared with 2023-02-21 · 41 added, 57 removed, 150 unchanged (40% of the section changed)

17 unchanged sentences

“Other” includes non-multifamily properties and non-multifamily components of mixed use properties.

We own the following interests in real estate either through our wholly-owned subsidiaries or by ownership of a controlling interest in an

entity owning the real estate.

We own the following interests in real estate either through our wholly-owned subsidiaries or by ownership of a controlling interest in an entity owning the real estate.

We account for these interests on a consolidated basis.

12 unchanged sentences

Avalon Cove Townhomes - Rochester, MN 187 40,674 92.5 %

Boulder Court Apartment Homes - Eagan, MN 115 9,744 94.8 %

Bayberry Place - Eagan, MN (2)

120 17,557 95.0 %

Burgundy & Hillsboro - New Hope, MN (2)

250 36,115 95.6 %

Canyon Lake Apartments - Rapid City, SD 109 6,598 92.7 %

3 unchanged sentences

Castlerock Apartment Homes - Billings, MT 165 7,675 92.7 %

Chateau Apartment Homes - Minot, ND 104 21,615 92.3 %

Cimarron Hills Apartments - Omaha, NE (1)

234 15,550 97.4 %

Commons and Landing at Southgate - Minot, ND 341 56,250 97.7 %

Civic Lofts - Denver, CO 176 61,945 97.7 %

Connelly on Eleven - Burnsville, MN 240 30,760 95.4 %

4 unchanged sentences

196 21,536 96.4 %

(in thousands)

Investment Physical

Number of (initial cost plus Occupancy

Apartment improvements less as of

Community Name and Location Homes impairment) December 31, 2023

Deer Ridge Apartment Homes - Jamestown, ND 163 25,654 93.3 %

Donovan Apartment Homes - Lincoln, NE 232 25,508 93.5 %

232 24,067 92.2 %

Dylan at RiNo - Denver, CO 274 90,746 96.0 %

5 unchanged sentences

Greenfield - Omaha, NE 96 7,847 95.8 %

Grove Ridge - Cottage Grove, MN (2)

84 12,311 97.6 %

Homestead Garden Apartments - Rapid City, SD 152 16,577 95.4 %

9 unchanged sentences

Monticello Village - Monticello, MN 60 5,452 91.7 %

New Hope Garden & Village - New Hope, MN (2)

150 15,574 94.7 %

Northridge Apartments - Bismarck, ND 68 8,679 94.1 %

1 unchanged sentence

Oxbo Urban Rentals - St Paul, MN 191 58,106 95.3 %

Park Meadows Apartment Homes - Waite Park, MN 360 20,391 95.3 %

Palisades - Roseville, MN (1)

330 58,302 97.3 %

Park Place Apartments - Plymouth, MN 500 111,488 95.8 %

Parkhouse Apartment Homes - Thornton, CO (1)

Plaza Apartments - Minot, ND 71 16,811 87.3 %

465 145,653 94.8 %

Plymouth Pointe - Plymouth, MN (2)

96 14,192 97.9 %

Pointe West Apartments - Rapid City, SD 90 5,853 91.1 %

10 unchanged sentences

Rimrock West Apartments - Billings, MT 78 5,702 96.2 %

River Pointe - Fridley, MN (2)

300 41,979 95.0 %

River Ridge Apartment Homes - Bismarck, ND 146 26,678 95.9 %

2 unchanged sentences

72 6,199 94.4 %

(in thousands)

Investment Physical

Number of (initial cost plus Occupancy

Apartment improvements less as of

Community Name and Location Homes impairment) December 31, 2022

Silver Springs Apartment Homes - Rapid City, SD

52 4,268 96.2 %

South Pointe Apartment Homes - Minot, ND 196 16,472 92.4 %

Southdale Parc - Richfield, MN (2)

69 7,104 88.4 %

SouthFork Townhomes + Flats - Lakeville, MN (1)

2 unchanged sentences

Sunset Trail Apartment Homes - Rochester, MN 146 19,111 92.5 %

Thomasbrook Apartment - Lincoln, NE (1)

Union Pointe - Longmont, CO 256 76,371 96.9 %

Venue on Knox - Minneapolis, MN (2)

97 24,178 89.7 %

2 unchanged sentences

336 33,158 91.4 %

Wingate - New Hope, MN (2)

136 13,978 99.3 %

Woodhaven - Minneapolis, MN (2)

176 25,911 92.6 %

Woodland Pointe - Woodbury, MN (2)

288 61,211 91.7 %

Woodridge on Second - Rochester, MN 110 12,460 93.6 %

1 unchanged sentence

NON-SAME-STORE

Bayberry Place - Eagan, MN (2)

120 $ 16,721 93.3 %

Burgundy & Hillsboro - New Hope, MN (2)

250 35,799 96.8 %

Civic Lofts - Denver, CO 176 61,520 96.6 %

Elements of Linden Hills - Minneapolis, MN (1)

31 9,084 96.8 %

Gatewood - Waite Park, MN (2)

120 7,993 95.8 %

Grove Ridge - Cottage Grove, MN (2)

84 12,072 98.8 %

Legacy Waite Park - Waite Park, MN (2)

(in thousands)

Investment Physical

Number of (initial cost plus Occupancy

Apartment improvements less as of

Community Name and Location Homes impairment) December 31, 2023

Lake Vista Apartment Homes - Loveland, CO (1)

303 87,789 94.4 %

Lyra Apartments - Centennial, CO (2)

Martin Blu - Eden Prairie, MN (1)

215 93,045 93.5 %

New Hope Garden & Village - New Hope, MN (2)

Martin Blu - Eden Prairie, MN (1)

191 49,625 93.7 %

Noko Apartments - Minneapolis, MN 130 44,846 95.4 %

Palisades - Roseville, MN (1)

330 54,506 94.9 %

Plymouth Pointe - Plymouth, MN (2)

96 14,653 96.9 %

Pointe West - St.

Cloud, MN (2)

93 7,861 95.7 %

Portage - Minneapolis, MN (2)

62 9,353 95.2 %

River Pointe - Fridley, MN (2)

300 38,608 93.0 %

Southdale Parc - Richfield, MN (2)

69 9,775 92.8 %

Union Pointe - Longmont, CO 256 76,317 91.0 %

Venue on Knox - Minneapolis, MN (2)

97 20,695 92.8 %

Windsor Gates - Brooklyn Park, MN (2)

200 22,933 92.0 %

Wingate - New Hope, MN (2)

136 16,028 97.8 %

Woodhaven - Minneapolis, MN (2)

176 25,243 94.3 %

Woodland Pointe - Woodbury, MN (2)

288 49,721 93.8 %

Zest - Minneapolis, MN (1)

14 unchanged sentences

Oxbo Urban Rentals- St Paul, MN 11,477 3,526 100.0 %

Plaza Apartments - Minot, ND 50,610 9,300 100.0 %

Red 20 Apartments - Minneapolis, MN (1)

14 unchanged sentences

(4) This is our Minot corporate office building.

(5) Decreased physical occupancy resulting from value add projects.

Properties by State

The following table presents, as of December 31, 2022, the total property owned, net of accumulated depreciation, by state:

The following table presents, as of December 31, 2023, the total property owned by state:

(in thousands)

9 unchanged sentences

In the ordinary course of our operations, we become involved in litigation.

At this time, we know of no material pending or threatened legal proceedings, or other proceedings contemplated by governmental authorities, that would have a material impact upon us.

At this time, we know of no material pending or threatened legal proceedings to which we are a party or of which any of our properties are the subject.

Mine Safety Disclosures

1 unchanged sentence

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.

What changed 10-K

Item 2. Properties