Subsequent Events

3 Months Ended

Mar. 31, 2023

Subsequent Events [Abstract]

Subsequent Events

14.Subsequent Events

Subsequent to March 31, 2023, the Company:

•Acquired the following from unaffiliated parties (purchase price in thousands):

	Properties		Apartment Units		Purchase Price
Rental Properties – Consolidated		2		549	$	186,600
Total		2		549	$	186,600

•Acquired a third-party joint venture partner's 10.0% interest in a consolidated operating property for approximately $4.6 million, of which the Company paid $3.7 million in cash and issued $0.9 million of 3.00% Series Q Cumulative Redeemable Preference Units of the Operating Partnership. The Company also repaid $64.7 million of mortgage debt at par prior to maturity in conjunction with the buyout.