Commitments to Acquire/Dispose of Real Estate

12 Months Ended

Dec. 31, 2020

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 agreements to acquire rental properties or land parcels as of the date of filing.

The Company has entered into an agreement to dispose the following (sales price and net book value in thousands):

	Properties		Apartment Units		Sales Price		Net Book Value at December 31, 2020
Rental Properties – Consolidated		1		263	$	84,250	$	17,748
Total		1		263	$	84,250	$	17,748

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 any agreements summarized above.  See Note 18 for discussion of the properties acquired or disposed of, if any, subsequent to December 31, 2020.