\n| \n Attachment 14(A)<\/b><\/p>\n<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \nDefinitions and Reconciliations<\/b><\/td>\n<\/tr>\n\nDecember 31, 2024<\/b><\/td>\n<\/tr>\n\n(Unaudited)<\/b><\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \nAcquired Communities:<\/b> The Company defines Acquired Communities as those communities acquired by the Company, other than development and redevelopment activity, that did not achieve stabilization as of the most recent quarter.<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \nAdjusted Funds from Operations (“AFFO”) attributable to common stockholders and unitholders:<\/b> The Company defines AFFO as FFO as Adjusted attributable to common stockholders and unitholders less recurring capital expenditures on consolidated communities that are necessary to help preserve the value of and maintain functionality at our communities.<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \n| Management considers AFFO a useful supplemental performance metric for investors as it is more indicative of the Company’s operational performance than FFO or FFO as Adjusted. AFFO is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance. The Company believes that net income\/(loss) attributable to common stockholders is the most directly comparable GAAP financial measure to AFFO. Management believes that AFFO is a widely recognized measure of the operations of REITs, and presenting AFFO enables investors to assess our performance in comparison to other REITs. However, other REITs may use different methodologies for calculating AFFO and, accordingly, our AFFO may not always be comparable to AFFO calculated by other REITs. AFFO should not be considered as an alternative to net income\/(loss) (determined in accordance with GAAP) as an indication of financial performance, or as an alternative to cash flow from operating activities (determined in accordance with GAAP) as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to make distributions. A reconciliation from net income\/(loss) attributable to common stockholders to AFFO is provided on Attachment 2.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \nConsolidated Fixed Charge Coverage Ratio – adjusted for non-recurring items:<\/b> The Company defines Consolidated Fixed Charge Coverage Ratio – adjusted for non-recurring items as Consolidated Interest Coverage Ratio – adjusted for non-recurring items divided by total consolidated interest, excluding the impact of costs associated with debt extinguishment, plus preferred dividends.<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \n| Management considers Consolidated Fixed Charge Coverage Ratio – adjusted for non-recurring items a useful metric for investors as it provides ratings agencies, investors and lenders with a widely-used measure of the Company\u2019s ability to service its consolidated debt obligations as well as compare leverage against that of its peer REITs. A reconciliation of the components that comprise Consolidated Fixed Charge Coverage Ratio – adjusted for non-recurring items is provided on Attachment 4(C) of the Company’s quarterly supplemental disclosure.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \nConsolidated Interest Coverage Ratio – adjusted for non-recurring items:<\/b> The Company defines Consolidated Interest Coverage Ratio – adjusted for non-recurring items as Consolidated EBITDAre \u2013 adjusted for non-recurring items divided by total consolidated interest, excluding the impact of costs associated with debt extinguishment.<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \n| Management considers Consolidated Interest Coverage Ratio – adjusted for non-recurring items a useful metric for investors as it provides ratings agencies, investors and lenders with a widely-used measure of the Company\u2019s ability to service its consolidated debt obligations as well as compare leverage against that of its peer REITs. A reconciliation of the components that comprise Consolidated Interest Coverage Ratio – adjusted for non-recurring items is provided on Attachment 4(C) of the Company’s quarterly supplemental disclosure.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \nConsolidated Net Debt-to-EBITDAre – adjusted for non-recurring items:<\/b> The Company defines Consolidated Net Debt-to-EBITDAre – adjusted for non-recurring items as total consolidated debt net of cash and cash equivalents divided by annualized Consolidated EBITDAre – adjusted for non-recurring items. Consolidated EBITDAre – adjusted for non-recurring items is defined as EBITDAre excluding the impact of income\/(loss) from unconsolidated entities, adjustments to reflect the Company\u2019s share of EBITDAre of unconsolidated joint ventures and other non-recurring items including, but not limited to casualty-related charges\/(recoveries), net of wholly owned communities.<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \n| Management considers Consolidated Net Debt-to-EBITDAre – adjusted for non-recurring items a useful metric for investors as it provides ratings agencies, investors and lenders with a widely-used measure of the Company\u2019s ability to service its consolidated debt obligations as well as compare leverage against that of its peer REITs. A reconciliation between net income\/(loss) and Consolidated EBITDAre – adjusted for non-recurring items is provided on Attachment 4(C) of the Company’s quarterly supplemental disclosure.<\/td>\n<\/tr>\n | \n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \nContractual Return Rate:<\/b> The Company defines Contractual Return Rate as the rate of return or interest rate that the Company is entitled to receive on a preferred equity investment or loan, as specified in the applicable agreement.<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \nControllable Expenses:<\/b> The Company refers to property operating and maintenance expenses as Controllable Expenses.<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \nDevelopment Communities:<\/b> The Company defines Development Communities as those communities recently developed or under development by the Company, that are currently majority owned by the Company and have not achieved stabilization as of the most recent quarter.<\/td>\n<\/tr>\n\n | <\/tr>\n \n| \u00a0<\/td>\n<\/tr>\n | \n| Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre):<\/b> The Company defines EBITDAre as net income\/(loss) (computed in accordance with GAAP), plus interest expense, including costs associated with debt extinguishment, plus real estate depreciation and amortization, plus other depreciation and amortization, plus (minus) income tax provision\/(benefit), (minus) plus net gain\/(loss) on the sale of depreciable real estate owned, plus impairment write-downs of depreciable real estate, plus the adjustments to reflect the Company\u2019s share of EBITDAre of unconsolidated joint ventures. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or Nareit, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the Nareit definition, or that interpret the Nareit definition differently than the Company does. The White Paper on EBITDAre was approved by the Board of Governors of Nareit in September 2017.<\/td>\n<\/tr>\n | | | | | | | | | | | | |