Acquisitions, Dispositions and Other Significant Transactions (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Summary of discontinued operations

Summarized information regarding apartment communities sold during the three and nine months ended September 30, 2016 and 2015, is set forth in the table below (dollars in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Apartment communities	1		—		4		8
Apartment homes	296		—		1,939		2,891
Income before income taxes and gain on disposition	$	78	$	398	$	1,619	$	2,845
Gain on disposition of real estate, net of tax (1)	$	14,498	$	—	$	237,226	$	130,474

(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.