ACQUISITIONS AND DISPOSITIONS (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Schedule of Acquisitions

Our acquisitions during the three months ended March 31, 2020 and 2019 are detailed below.

Three Months Ended March 31, 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 Apartments - New Hope, MN	March 5, 2020	$	46,263	$	28,600	$	17,663	$	2,165	$	36,869	$	824	6,405
Total Acquisitions		$	46,263	$	28,600	$	17,663	$	2,165	$	36,869	$	824	$	6,405

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

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

Three Months Ended March 31, 2019

	Date Acquired	(in thousands)
		Total Acquisition Cost		Form of Consideration				Investment Allocation
Acquisitions				Cash		Units(1)		Land		Building		Intangible Assets
Multifamily
272 homes - SouthFork Townhomes - Lakeville, MN	February 26, 2019	$	44,000	$	27,440	$	16,560	$	3,502	$	39,950	$	548
Total Acquisitions		$	44,000	$	27,440	$	16,560	$	3,502	$	39,950	$	548

(1)

Value of Series D preferred units at the acquisition date.

Schedule of Dispositions

The following tables detail our dispositions for the three months ended March 31, 2019:

Three Months Ended March 31, 2019

		(in thousands)
Dispositions	Date Disposed	Sale Price		Book Value and Sale Cost		Gain/(Loss)
Unimproved Land
Creekside Crossing - Bismarck, ND	March 1, 2019	$	3,049	$	3,205	$	(156	)
Total Dispositions		$	3,049	$	3,205	$	(156	)