Commitments to Acquire/Dispose of Real Estate

6 Months Ended

Jun. 30, 2011

Commitments to Acquire Dispose of Real Estate [Abstract]

Commitments to Acquire/Dispose of Real Estate

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		5		851	$	223,025
Land Parcels (three)		—		—		29,100
Total		5		851	$	252,125

     In addition to the properties that were subsequently disposed of as discussed in Note 16, the Company has entered into separate agreements to dispose of the following (sales price in thousands):

	Properties		Apartment Units		Sales Price
Rental Properties		6		1,961	$	173,900
Total		6		1,961	$	173,900

     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.