ACQUISITIONS AND DISPOSITIONS (Tables)

6 Months Ended

Jun. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Acquisitions

The acquisitions during the six months ended June 30, 2021 and 2020 are detailed below.

Six Months Ended June 30, 2021

	Date Acquired	(in thousands)
		Total Acquisition Cost		Form of Consideration		Investment Allocation
Acquisitions				Cash		Land		Building		Intangible Assets
256 homes - Union Pointe - Longmont, CO	January 6, 2021	$	76,900	$	76,900	$	5,727	$	69,966	$	1,207

Six Months Ended June 30, 2020

	Date Acquired	(in thousands)
		Total Acquisition Cost		Form of Consideration				Investment Allocation
Acquisitions				Cash		Other(1)		Land		Building		Intangible Assets		Other(2)
182 homes - Ironwood - New Hope, MN	March 5, 2020	$	46,263	$	28,600	$	17,663	$	2,165	$	36,869	$	824	$	6,405

(1)Payoff at closing of note receivable and accrued interest due from seller.

(2)Consists of TIF note acquired. Refer to Note 2 for further discussion.

Schedule of Dispositions

The following tables detail the dispositions for the six months ended had June 30, 2021 and 2020.

Six Months Ended June 30, 2021

		(in thousands)
Dispositions	Date Disposed	Sale Price		Book Value and Sales Cost		Gain/(Loss)
Multifamily
76 homes - Crystal Bay-Rochester, MN	May 25, 2021	$	13,650	$	10,255	$	3,395
40 homes - French Creek-Rochester, MN	May 25, 2021	6,700		4,474		2,226
182 homes - Heritage Manor-Rochester, MN	May 25, 2021	14,125		4,892		9,233
140 homes - Olympik Village-Rochester, MN	May 25, 2021	10,725		6,529		4,196
151 homes-Winchester/Village Green-Rochester, MN	May 25, 2021	14,800		7,010		7,790
Total Dispositions		$	60,000	$	33,160	$	26,840

Six Months Ended June 30, 2020

		(in thousands)
Dispositions	Date Disposed	Sale Price		Book Value and Sales Cost		Gain/(Loss)
Unimproved Land
Rapid City Land - Rapid City, SD	June 29, 2020	$	1,300	$	1,490	$	(190)