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Commitments to Acquire/Dispose of Real Estate
 9 Months Ended
Sep. 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 not entered into any separate agreements to acquire rental properties or land parcels as of October 27, 2017.

 

The Company has entered into a separate agreement to dispose of the following (sales price in thousands):

 

 

 

Properties

 

 

Apartment Units

 

 

Sales Price

 

Land Parcels (one)

 

 

—

 

 

 

—

 

 

$

2,700

 

Total

 

 

—

 

 

 

—

 

 

$

2,700

 

 

The closing of this pending transaction is subject to certain conditions and restrictions, therefore, there can be no assurance that this transaction will be consummated or that the final terms will not differ in material respects from those summarized above.