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Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Summary of Real Estate Development Commitments The following table summarizes the gross remaining total project costs for the Company’s projects under development at June 30, 2023 (total project costs remaining in thousands):

 

 

 

Projects

 

 

Apartment Units

 

 

Total Project Costs Remaining (1)

 

Projects Under Development

 

 

 

 

 

 

 

 

 

Consolidated

 

 

1

 

 

 

225

 

 

$

101,705

 

Unconsolidated

 

 

6

 

 

 

1,982

 

 

 

243,293

 

Total Projects Under Development

 

 

7

 

 

 

2,207

 

 

$

344,998

 

 

(1)
The Company’s share of the $345.0 million in total project costs remaining approximates $109.7 million, with the balance funded by the Company’s joint venture partners (approximately $2.7 million) and/or applicable construction loans (approximately $232.6 million).