The following charts further describe the composition of our investments in real estate and our investment in a real estate loan based on fair value as of December 31, 2024:
(1) Investments in real estate includes our direct property investments and our unconsolidated investments. Our investment in a real estate loan includes our term loan. (2) Includes our direct property investments, our unconsolidated investments and our investment in a term loan. (3) Geography weighting includes our term loan. Geography weighting is measured as the asset value of real estate properties, unconsolidated real estate ventures, and our investment in a real estate loan for each geographical category against the total value of all (i) real estate properties, (ii) unconsolidated real estate ventures, and (iii) our investment in a real estate loan.
Investments in Real Estate The following table provides a summary of our portfolio as of December 31, 2024 ($ in thousands):
Segment Revenue for the year ended December 31, 2024
Sq. Feet (in millions) / Number of Units/Keys 66,919 units 933 units 17.18 sq. ft. 3.90 sq. ft. 1.90 sq. ft.
Number of Consolidated Properties
Percentage of Segment Revenue
Occupancy Rate (1)
Segment
Gross Asset Value (2)
Multifamily
284
95% $
16,065,200 $ 1,233,802
73% 1% 11% 10%
Single-family rental
N/A (3)
88% 96% 90% 84% N/A
331,017 2,833,370 1,530,364 389,600 401,250
21,346 183,907 166,798 27,702 54,230
Industrial
124
Office
20 26
Self-storage
2% 3%
Other Properties (4)
7
N/A (5)
Total 100% (1) The occupancy rate for our industrial, office, and self-storage investments is defined as all leased square footage divided by the total available square footage as of December 31, 2024. The occupancy rate for our multifamily and single-family rental investments is defined as the number of leased units divided by the total unit count as of December 31, 2024. (2) Based on fair value as of December 31, 2024. (3) Includes a 100% interest in a subsidiary with 24 single-family rental units and a 95% interest in a consolidated joint venture with 909 single-family rental units. (4) Excludes our investments in unconsolidated real estate ventures. (5) Includes 0.7 million sq. ft. across our medical office and retail properties and 431 keys at our consolidated hospitality properties. 461 $ 21,550,801 $ 1,687,785
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