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Commitments to Acquire/Dispose of Real Estate
 6 Months Ended
Jun. 30, 2017
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 a separate agreement to acquire the following (purchase price in thousands):

 

 

 

Properties

 

 

Apartment Units

 

 

Purchase Price

 

Rental Properties

 

 

1

 

 

 

160

 

 

$

115,999

 

Total

 

 

1

 

 

 

160

 

 

$

115,999

 

 

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

 

Land Parcels (two)

 

 

—

 

 

 

—

 

 

$

57,725

 

Total

 

 

—

 

 

 

—

 

 

$

57,725

 

 

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.