As of June 30, 2018, the major components of the Company’s investments in multifamily properties were as follows (in thousands):

Operating Properties	Land		Buildings and Improvements			Intangible Lease Assets		Construction in Progress		Furniture, Fixtures and Equipment			Totals
Arbors on Forest Ridge	$	2,330	$	11,195		$	—	$	—	$	954		$	14,479
Cutter's Point		3,330		13,169			—		42		1,189			17,730
Eagle Crest		5,450		22,012			—		—		1,398			28,860
Silverbrook		4,860		25,971			—		—		2,772			33,603
Edgewater at Sandy Springs		14,290		44,077			—		—		4,680			63,047
Beechwood Terrace		1,390		20,883			—		70		1,540			23,883
Willow Grove		3,940		10,812			—		—		1,133			15,885
Woodbridge		3,650		13,088			—		—		1,353			18,091
Abbington Heights		1,770		17,091			—		—		1,364			20,225
The Summit at Sabal Park		5,770		13,424			—		—		1,207			20,401
Courtney Cove		5,880		12,979			—		—		1,140			19,999
Radbourne Lake		2,440		22,036			—		—		1,434			25,910
Timber Creek		11,260		13,540			—		—		1,279			26,079
Belmont at Duck Creek		1,910		17,309			—		7		1,298			20,524
Sabal Palm at Lake Buena Vista		7,580		41,268			—		—		1,157			50,005
Cornerstone		1,500		30,500			—		—		1,670			33,670
The Preserve at Terrell Mill		10,170		48,740			—		—		4,437			63,347
The Ashlar		4,090		12,789			—		—		1,763			18,642
Heatherstone		2,320		8,090			—		—		1,105			11,515
Versailles		6,720		20,004			—		1,322		2,768			30,814
Seasons 704 Apartments		7,480		14,215			—		—		1,162			22,857
Madera Point		4,920		17,564			—		—		1,293			23,777
The Pointe at the Foothills		4,840		46,931			—		—		1,874			53,645
Venue at 8651		2,350		17,958			—		42		2,206			22,556
Parc500		3,860		19,955			—		578		2,208			26,601
The Colonnade		8,340		36,960			—		212		1,208			46,720
Old Farm		11,078		70,271			—		15		1,590			82,954
Stone Creek at Old Farm		3,493		19,371			—		—		417			23,281
Hollister Place		2,782		20,859			—		357		1,050			25,048
Rockledge Apartments		17,451		93,308			—		1,648		2,126			114,533
Atera Apartments		22,371		35,327			—		820		869			59,387
		189,615		811,696			—		5,113		51,644			1,058,068
Accumulated depreciation and amortization		—		(79,470	)		—		—		(29,719	)		(109,189	)
Total Operating Properties	$	189,615	$	732,226		$	—	$	5,113	$	21,925		$	948,879

Held For Sale Property
Southpoint Reserve at Stoney Creek		6,120		11,317			—		—		755			18,192
Accumulated depreciation and amortization		—		(736	)		—		—		(161	)		(897	)
Total Held For Sale Property	$	6,120	$	10,581		$	—	$	—	$	594		$	17,295

Total	$	195,735	$	742,807		$	—	$	5,113	$	22,519		$	966,174

As of December 31, 2017, the major components of the Company’s investments in multifamily properties were as follows (in thousands):

Operating Properties	Land		Buildings and Improvements			Intangible Lease Assets			Construction in Progress		Furniture, Fixtures and Equipment			Totals
Arbors on Forest Ridge	$	2,330	$	11,089		$	—		$	—	$	829		$	14,248
Cutter's Point		3,330		13,030			—			—		1,080			17,440
Eagle Crest		5,450		22,346			—			—		1,299			29,095
Silverbrook		4,860		25,665			—			—		2,509			33,034
Edgewater at Sandy Springs		14,290		44,004			—			—		4,291			62,585
Beechwood Terrace		1,390		20,729			—			—		1,271			23,390
Willow Grove		3,940		10,766			—			—		942			15,648
Woodbridge		3,650		13,031			—			—		1,093			17,774
Abbington Heights		1,770		16,796			—			—		1,171			19,737
The Summit at Sabal Park		5,770		13,377			—			—		1,136			20,283
Courtney Cove		5,880		12,961			—			2		1,096			19,939
Radbourne Lake		2,440		21,924			—			—		1,300			25,664
Timber Creek		11,260		13,479			—			—		1,158			25,897
Belmont at Duck Creek		1,910		17,190			—			—		1,216			20,316
Sabal Palm at Lake Buena Vista		7,580		41,229			—			1		1,064			49,874
Cornerstone		1,500		30,452			—			17		1,487			33,456
The Preserve at Terrell Mill		10,170		48,630			—			32		4,074			62,906
The Ashlar		4,090		12,640			—			—		1,575			18,305
Heatherstone		2,320		7,868			—			36		1,000			11,224
Versailles		6,720		19,798			—			914		2,365			29,797
Seasons 704 Apartments		7,480		14,079			—			—		1,009			22,568
Madera Point		4,920		17,481			—			9		1,188			23,598
The Pointe at the Foothills		4,840		46,723			—			142		1,739			53,444
Venue at 8651		2,350		17,625			—			300		1,835			22,110
Parc500		3,860		19,885			—			676		1,470			25,891
The Colonnade		8,340		36,828			—			62		934			46,164
Old Farm		11,078		69,881			—			323		1,392			82,674
Stone Creek at Old Farm		3,493		19,227			—			15		374			23,109
Hollister Place		2,782		20,754			—			89		698			24,323
Rockledge Apartments		17,451		92,397			—			1,168		1,457			112,473
Atera Apartments		22,371		35,097			1,340			—		673			59,481
		189,615		806,981			1,340			3,786		44,725			1,046,447
Accumulated depreciation and amortization		—		(65,016	)		(497	)		—		(22,739	)		(88,252	)
Total Operating Properties	$	189,615	$	741,965		$	843		$	3,786	$	21,986		$	958,195

Held For Sale Properties
Timberglen		2,510		14,717			—			—		1,077			18,304
Southpoint Reserve at Stoney Creek		6,120		11,255			—			—		679			18,054
		8,630		25,972			—			—		1,756			36,358
Accumulated depreciation and amortization		—		(2,630	)		—			—		(767	)		(3,397	)
Total Held For Sale Properties	$	8,630	$	23,342		$	—		$	—	$	989		$	32,961

Total	$	198,245	$	765,307		$	843		$	3,786	$	22,975		$	991,156