Real Estate Disposition Activities (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Details regarding the real estate sales

Details regarding the real estate sales, excluding for-sale residential condominiums at the Park Loggia, 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 Shelton	Shelton, CT	Q120	250	$	—	$	64,750	$	63,030
Avalon Tinton Falls	Tinton Falls, NJ	Q220	216	—		64,900		63,371
Avalon Towers	Long Beach, NY	Q320	109	—		54,000		53,079
Avalon Somerset	Somerset, NJ	Q420	384	—		110,000		107,415
eaves San Rafael	San Rafael, CA	Q420	254	—		106,000		104,462
Avalon Cohasset	Cohasset, MA	Q420	220	—		90,250		88,673
Avalon Wilton on Danbury Rd	Wilton, CT	Q420	100	—		34,750		33,744
Avalon Stratford	Stratford, CT	Q420	130	—		30,600		29,808
eaves Diamond Heights	San Francisco, CA	Q420	154	—		72,500		69,469
Other real estate (1)	Brooklyn, NY	2020	N/A	—		6,500		6,722
Total of 2020 asset sales			1,817	$	—	$	634,250	$	619,773
Total of 2019 asset sales			1,660	$	21,700	$	431,280	$	422,041
Total of 2018 asset sales			3,099	$	395,939	$	1,378,289	$	883,313

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(1)     Represents the sale of commercial space.