XML 54 R39.htm IDEA: XBRL DOCUMENT v3.22.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2022
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 June 30, 2022 (total project costs remaining in thousands):

 

 

 

Projects

 

 

Apartment Units

 

 

Total Project Costs Remaining (1)

 

Projects Under Development

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

2

 

 

 

537

 

 

$

195,487

 

Unconsolidated

 

 

4

 

 

 

1,291

 

 

 

291,066

 

Total Projects Under Development

 

 

6

 

 

 

1,828

 

 

$

486,553

 

 

(1)

The Company’s share of the $486.6 million in total project costs remaining approximates $161.1 million, with the balance funded by the Company’s joint venture partners (approximately $6.3 million) and/or applicable construction loans (approximately $319.2 million).