Disposals and Other Significant Transactions (Tables)

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Summary of discontinued operations

Summarized information regarding apartment communities sold during the three months ended March 31, 2016 and 2015, is set forth in the table below (dollars in thousands):

	Three Months Ended
	March 31,
	2016			2015
Apartment communities sold	1			6
Apartment homes sold	96			1,100
(Loss) income before income taxes and gain on disposition	$	(36	)	$	278
Gain on disposition of real estate, net of tax (1)	6,187			85,693
Income tax related to gain on disposition of real estate	195			—
Prepayment penalties incurred upon repayment of debt collateralized by apartment communities sold	—			12,135
Mark-to-market adjustment included in prepayment penalties	—			7,705

(1) We report gains on disposition net of incremental direct costs incurred in connection with the transactions, including any prepayment penalties incurred upon repayment of property debt collateralized by the apartment communities being sold.