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Subsequent Events | 6 Months Ended
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Jun. 30, 2016
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events The Company has evaluated subsequent events through the date on which this Form 10-Q was filed, the date on which these financial statements were issued, and identified the items below for discussion. The Company entered into a joint venture which will develop, own and operate AVA North Point, a 265 apartment home community in Cambridge, MA, which is expected to be developed for a total capitalized cost to the joint venture of $113,900,000. The Company contributed the land parcel to the venture and owns a 55.0% interest in the venture, and the venture partner owns the remaining 45.0% interest.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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