Commitments to Acquire/Dispose of Real Estate

12 Months Ended

Dec. 31, 2022

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 an agreement to acquire the following (purchase price in thousands):

	Properties		Apartment Units		Purchase Price
Rental Properties – Consolidated		1		262	$	78,600
Total		1		262	$	78,600

The Company has entered into separate agreements to dispose of the following (sales price and net book value in thousands):

	Properties		Apartment Units		Sales Price		Net Book Value at December 31, 2022
Rental Properties – Consolidated		1		18	$	10,750	$	2,546
Land Parcels (one)		—		—		16,000		15,000
Total		1		18	$	26,750	$	17,546

The closing of pending transactions is subject to certain conditions and restrictions; therefore, there can be no assurance that the transactions will be consummated or that the final terms will not differ in material respects from any agreements summarized above. See Note 18 for discussion of the properties acquired or disposed of, if any, subsequent to December 31, 2022.