Commitments to Acquire/Dispose of Real Estate

6 Months Ended

Jun. 30, 2023

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		290	$	93,000
Total		1		290	$	93,000

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

	Properties		Apartment Units		Sales Price		Net Book Value at June 30, 2023
Rental Properties - Consolidated		1		166	$	60,100	$	31,305
Total		1		166	$	60,100	$	31,305

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 14 for discussion of the properties acquired or disposed of, if any, subsequent to June 30, 2023.