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Real Estate Disposition Activities (Tables)

3 Months Ended

Mar. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

The following real estate sales occurred during the three months ended March 31, 2022 (dollars in thousands):


Community name	Location	Period of sale	Apartment homes	Gross sales price		Gain on disposition (1)
Avalon West Long Branch	West Long Branch, NJ	Q122	180	$	75,000	$	56,434
Avalon Ossining	Ossining, NY	Q122	168	$	70,000	$	40,512
Avalon East Norwalk	Norwalk, CT	Q122	240	$	90,000	$	51,762

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(1) Gain on disposition was reported in gain on sale of communities on the accompanying Condensed Consolidated Statements of Comprehensive Income.

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details