XML 52 R40.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024 (total project costs remaining in thousands):

 

 

 

Projects

 

 

Apartment Units

 

 

Total Project Costs Remaining (1)

 

Projects Under Development

 

 

 

 

 

 

 

 

 

Consolidated

 

 

2

 

 

 

665

 

 

$

229,064

 

Unconsolidated

 

 

6

 

 

 

1,982

 

 

 

96,303

 

Total Projects Under Development

 

 

8

 

 

 

2,647

 

 

$

325,367

 

 

(1)
The Company’s share of the $325.4 million in total project costs remaining approximates $229.5 million, with the balance funded by the Company’s joint venture partners (approximately $0.2 million) and/or applicable construction loans (approximately $95.7 million).