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Real Estate Disposition Activities (Tables)
12 Months Ended
Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Details regarding the real estate sales
Details regarding the real estate sales are summarized in the following table (dollars in thousands):
Community Name
 
Location
 
Period
of sale
 
Apartment
homes
 
Debt
 
Gross
sales price
 
Net cash
proceeds
Avalon Blue Hills/Avalon Canton at Blue Hills
 
Randolph/Canton, MA
 
Q218
 
472

 
$

 
$
131,250

 
$
129,466

Eaves North Quincy
 
Quincy, MA
 
Q218
 
224

 

 
64,250

 
63,302

Avalon Anaheim Stadium
 
Anaheim, CA
 
Q218
 
251

 

 
111,600

 
105,495

Avalon Ballston Place
 
Arlington, VA
 
Q318
 
383

 

 
169,000

 
166,921

Avalon at Fairway Hills - Fields
 
Columbia, MD
 
Q418
 
192

 

 
39,500

 
38,744

Avalon Fashion Valley
 
San Diego, CA
 
Q418
 
161

 

 
70,750

 
69,781

Avalon Andover
 
Andover, MA
 
Q418
 
115

 

 
32,400

 
31,765

NYC Joint Venture (1)
 
New York, NY
 
Q418
 
1,301

 
395,939

 
758,900

 
276,799

Other real estate dispositions (2)
 
multiple
 
2018
 
N/A

 

 
639

 
1,040

 
 
 
 
 
 
 
 
 
 
 
 
 
Total of 2018 asset sales
 
 
 
 
 
3,099

 
$
395,939

 
$
1,378,289

 
$
883,313

 
 
 
 
 
 
 
 
 
 
 
 
 
Total of 2017 asset sales
 
 
 
 
 
1,624

 
$

 
$
514,654

 
$
503,039

 
 
 
 
 
 
 
 
 
 
 
 
 
Total of 2016 asset sales
 
 
 
 
 
2,051

 
$

 
$
564,028

 
$
532,717

_________________________________
(1)
The Company contributed five communities located in New York, NY, to the NYC Joint Venture, in which the Company retained a 20.0% ownership interest, as discussed in Note 5, "Investments in Real Estate Entities."
(2)
Primarily composed of the sale of one undeveloped land parcel, located in Fairfax City, VA.