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Commitments to Acquire/Dispose of Real Estate
9 Months Ended
Sep. 30, 2021
Commitments To Acquire Dispose Of Real Estate [Abstract]  
Commitments to Acquire/Dispose of Real Estate

5.

Commitments to Acquire/Dispose of Real Estate

The Company has not entered into any agreements to acquire rental properties or land parcels as of the date of filing.

The Company has entered into separate agreements to dispose of the following (sales price and net book value in thousands):

 

 

 

Properties

 

 

Apartment Units

 

 

Sales Price

 

 

Net Book Value at

September 30, 2021

 

Rental Properties - Consolidated

 

 

2

 

 

 

744

 

 

$

410,000

 

 

$

130,762

 

Total

 

 

2

 

 

 

744

 

 

$

410,000

 

 

$

130,762

 

 

The closing of pending transactions is subject to certain conditions and restrictions; therefore, there can be no assurance that the transactions will be consummated or that the final terms will not differ in material respects from any agreements summarized above.  See Note 14 for discussion of the properties acquired or disposed of, if any, subsequent to September 30, 2021.