Acquisitions, Dispositions, Discontinued Operations and Assets Held for Sale

3 Months Ended

Mar. 31, 2018

Property, Plant and Equipment [Abstract]

Acquisitions, Dispositions, Assets Held For Sale and Impairment [Text Block]

6. Acquisitions

Asset Acquisition of Operating Properties. In January 2018, we acquired one operating property comprised of 358 apartment homes located in St. Petersburg, Florida, for approximately $126.9 million. In February 2018, we acquired one operating property comprised of 333 apartment homes located in Orlando, Florida, for approximately $81.4 million. We did not acquire any operating properties during the three months ended March 31, 2017.

Acquisition of Land. In April 2018, we acquired approximately 1.8 acres of land in Orlando, Florida for approximately $11.4 million for the future development of approximately 360 wholly-owned apartment homes. We did not acquire any land during the three months ended March 31, 2018 or 2017.