Commitments to Acquire/Dispose of Real Estate

9 Months Ended

Sep. 30, 2011

Commitments to Acquire Dispose of Real Estate [Abstract]

Commitments to Acquire/Dispose of Real Estate

5. Commitments to Acquire/Dispose of Real Estate

In addition to the properties that were subsequently acquired as discussed in Note 14, the Company has entered into separate agreements to acquire the following (purchase price in thousands):

	Properties		Apartment Units		Purchase Price
Rental Properties		6		2,466	$	354,825
Land Parcels (seven)		—		—		157,987
Total		6		2,466	$	512,812

In addition to the property that was subsequently disposed of as discussed in Note 14, the Company has entered into separate agreements to dispose of the following (sales price in thousands):

	Properties		Apartment Units		Sales Price
Rental Properties		4		351	$	15,550
Total		4		351	$	15,550

The closings of these pending transactions are subject to certain conditions and restrictions, therefore, there can be no assurance that these transactions will be consummated or that the final terms will not differ in material respects from those summarized in the preceding paragraphs.