Risk Factors Update Summary
- Acquired six apartment communities in Atlanta metro region, plan to invest in Sunbelt region in 2024.
- Concentration in multifamily asset class may adversely affect results of operations and financial condition.
- Increased cybersecurity risks, including cyber-attacks, ransomware, and phishing schemes.
- Risks associated with tax status as a REIT, potential impact on equity and financial operations.
- Increased residential apartment homes in Atlanta metro region from 20% to 25%.
- Total consolidated debt increased from $6 billion to $7 billion, affecting financial condition.
- Increased share ownership limits and potential conflicts of interest in joint ventures.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=104894&owner=exclude
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