Commitments To Acquire/Dispose of Real Estate (Tables)

12 Months Ended

Dec. 31, 2015

Commitments to Acquire Dispose of Real Estate [Abstract]

Real Estate To Be Acquired Table Text Block [Table Text Block]

The Company has entered into separate agreements to acquire the following (purchase price in thousands):

	Properties	Apartment Units	Purchase Price
Rental Properties	3	549	$	242,880
Total	3	549	$	242,880

Real Estate To Be Disposed Table Text Block

In addition to the properties that were subsequently disposed of as discussed in Note 18, the Company has entered into separate agreements to dispose of the following (sales price in thousands):

	Properties	Apartment Units	Sales Price
Land Parcels (two)	—	—	$	14,886
Total	—	—	$	14,886

Commitments To Acquire Dispose Of Real Estate Text Block

5. Commitments to Acquire/Dispose of Real Estate

The Company has entered into separate agreements to acquire the following (purchase price in thousands):

	Properties	Apartment Units	Purchase Price
Rental Properties	3	549	$	242,880
Total	3	549	$	242,880

In addition to the properties that were subsequently disposed of as discussed in Note 18, the Company has entered into separate agreements to dispose of the following (sales price in thousands):

	Properties	Apartment Units	Sales Price
Land Parcels (two)	—	—	$	14,886
Total	—	—	$	14,886

The closings of these pending transactions are subject to certain conditions and restrictions, therefore, there can be no assurance that these transactions will be consummated or that the final terms will not differ in material respects from those summarized in the preceding paragraphs.