XML 69 R59.htm IDEA: XBRL DOCUMENT v3.23.3
ACQUISITIONS AND DISPOSITIONS - Acquisitions (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
apartmentCommunity
apartmentHome
Acquisitions and development projects placed in service [Abstract]    
Number of apartment communities acquired | apartmentCommunity   3
Total acquisition cost   $ 211,874
Form of Consideration    
Cash   104,093
Units   22,882
Other   84,899
Investment Allocation    
Land   13,812
Building   192,229
Intangible assets   7,050
Other   (1,217)
Amortization of intangible assets $ 941 $ 11,100
Martin Blu - Minneapolis, MN    
Acquisitions and development projects placed in service [Abstract]    
Number of apartment communities acquired | apartmentHome   191
Total acquisition cost   $ 49,825
Form of Consideration    
Cash   3,031
Units   18,885
Other   27,909
Investment Allocation    
Land   3,547
Building   45,212
Intangible assets   1,813
Other   $ (747)
Elements - Minneapolis, MN    
Acquisitions and development projects placed in service [Abstract]    
Number of apartment communities acquired | apartmentHome   31
Total acquisition cost   $ 9,066
Form of Consideration    
Cash   1,290
Units   1,748
Other   6,028
Investment Allocation    
Land   941
Building   7,853
Intangible assets   335
Other   $ (63)
Zest - Minneapolis, MN    
Acquisitions and development projects placed in service [Abstract]    
Number of apartment communities acquired | apartmentHome   45
Total acquisition cost   $ 11,364
Form of Consideration    
Cash   1,429
Units   2,249
Other   7,686
Investment Allocation    
Land   936
Building   10,261
Intangible assets   574
Other   $ (407)
Noko Apartments - Minneapolis, MN    
Acquisitions and development projects placed in service [Abstract]    
Number of apartment communities acquired | apartmentHome   130
Total acquisition cost   $ 46,619
Form of Consideration    
Cash   3,343
Units   0
Other   43,276
Investment Allocation    
Land   1,915
Building   42,754
Intangible assets   1,950
Other   $ 0
Lyra Apartments - Centennial, CO    
Acquisitions and development projects placed in service [Abstract]    
Number of apartment communities acquired | apartmentHome   215
Total acquisition cost   $ 95,000
Form of Consideration    
Cash   95,000
Units   0
Other   0
Investment Allocation    
Land   6,473
Building   86,149
Intangible assets   2,378
Other   $ 0