In 1823, Birmingham comedian James Dobs first performed a song called I can't find Brumagum. It was a humorous and nostalgist nostalgic take on the fact that Birmingham had changed so much. This is this is important.That's an authentic connection between the past and the present and future plans or something will be left out. And that something could be as important as a sense of local identity and a feeling of home. Placemaking isn't just about buildings and spaces.It's about stories. We need to be communi ...

Financial Performance - Core FFO attributable to common shares was $9.1 million, or $0.15 per diluted share for the three months ended September 30, 2025[14] - Annualized NOI decreased 3.8% quarter over quarter, totaling $232.9 million, excluding certain assets[14] - Same Store NOI decreased 6.7% for the three months ended September 30, 2025[14] - Net Debt to Annualized Adjusted EBITDA was 12.6x as of September 30, 2025[15] Portfolio Operations - Multifamily portfolio was 89.1% leased and 87.2% occupied as of September 30, 2025[14] - Same Store multifamily portfolio was 93.1% leased and 92.2% occupied[18] - Office portfolio was 77.6% leased and 75.7% occupied as of September 30, 2025[14] - 182,000 square feet of office space was leased with a weighted average lease term of 4.3 years[8] Capital Allocation - 26.8 million shares were repurchased this year at an average price of $16.52 per share, totaling $443.1 million[12] - Since 2020, 83.6 million shares have been repurchased at an average price of $18.79 per share, totaling $1.6 billion[12]