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REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) $ in Thousands | 12 Months Ended |  |  |
--- | --- | --- | --- | ---
Dec. 31, 2016 USD ($) home | Dec. 31, 2015 USD ($) | Dec. 31, 2014 USD ($) | Dec. 31, 2013 USD ($)
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 79,228 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,046,389 |  |  |
Building / Construction in Progress & Improvements | 13,408,190 |  |  |
Costs Subsequent to Acquisition / Construction | 3,322,047 |  |  |
Total Cost |  |  |  |
Land | 4,046,389 |  |  |
Building / Construction in Progress & Improvements | 16,730,237 |  |  |
Total | 20,776,626 | $ 19,268,099 | $ 17,849,316 | $ 16,800,321
Accumulated Depreciation | 3,743,632 | 3,325,790 | $ 2,913,576 | $ 2,516,112
Total Cost, Net of Accumulated Depreciation | 17,032,994 | 15,942,309 |  |
Encumbrances | 7,076,758 |  |  |
SEC Schedule III, Real Estate, Federal Income Tax Basis | $ 20,223 |  |  |
Building [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
SEC Schedule III, Real Estate and Accumulated Depreciation, Life Used for Depreciation | 30 years |  |  |
Improvements Upgrades Furniture, Fixtures and Equipment [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
SEC Schedule III, Real Estate and Accumulated Depreciation, Life Used for Depreciation | 7 years |  |  |
Avalon Valley [Member] |  |  |  |
Total Cost |  |  |  |
Total Cost, Net of Accumulated Depreciation |  | 162,801 |  |
Current Communities |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 70,364 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 3,732,667 |  |  |
Building / Construction in Progress & Improvements | 12,752,509 |  |  |
Costs Subsequent to Acquisition / Construction | 1,454,076 |  |  |
Total Cost |  |  |  |
Land | 3,732,667 |  |  |
Building / Construction in Progress & Improvements | 14,206,585 |  |  |
Total | 17,939,252 |  |  |
Accumulated Depreciation | 3,673,291 |  |  |
Total Cost, Net of Accumulated Depreciation | 14,265,961 | 14,009,250 |  |
Encumbrances | $ 2,576,758 |  |  |
Current Communities | Avalon Silicon Valley [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 710 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 20,713 |  |  |
Building / Construction in Progress & Improvements | 99,573 |  |  |
Costs Subsequent to Acquisition / Construction | 31,536 |  |  |
Total Cost |  |  |  |
Land | 20,713 |  |  |
Building / Construction in Progress & Improvements | 131,109 |  |  |
Total | 151,822 |  |  |
Accumulated Depreciation | 66,781 |  |  |
Total Cost, Net of Accumulated Depreciation | 85,041 | 68,714 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Lexington |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 198 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,124 |  |  |
Building / Construction in Progress & Improvements | 12,567 |  |  |
Costs Subsequent to Acquisition / Construction | 9,801 |  |  |
Total Cost |  |  |  |
Land | 2,124 |  |  |
Building / Construction in Progress & Improvements | 22,368 |  |  |
Total | 24,492 |  |  |
Accumulated Depreciation | 13,202 |  |  |
Total Cost, Net of Accumulated Depreciation | 11,290 | 11,703 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Oaks |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 204 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,129 |  |  |
Building / Construction in Progress & Improvements | 17,567 |  |  |
Costs Subsequent to Acquisition / Construction | 5,259 |  |  |
Total Cost |  |  |  |
Land | 2,129 |  |  |
Building / Construction in Progress & Improvements | 22,826 |  |  |
Total | 24,955 |  |  |
Accumulated Depreciation | 12,802 |  |  |
Total Cost, Net of Accumulated Depreciation | 12,153 | 12,771 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Quincy |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 245 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 1,743 |  |  |
Building / Construction in Progress & Improvements | 14,662 |  |  |
Costs Subsequent to Acquisition / Construction | 9,937 |  |  |
Total Cost |  |  |  |
Land | 1,743 |  |  |
Building / Construction in Progress & Improvements | 24,599 |  |  |
Total | 26,342 |  |  |
Accumulated Depreciation | 13,543 |  |  |
Total Cost, Net of Accumulated Depreciation | 12,799 | 13,449 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Oaks West |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 120 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 3,318 |  |  |
Building / Construction in Progress & Improvements | 13,465 |  |  |
Costs Subsequent to Acquisition / Construction | 1,140 |  |  |
Total Cost |  |  |  |
Land | 3,318 |  |  |
Building / Construction in Progress & Improvements | 14,605 |  |  |
Total | 17,923 |  |  |
Accumulated Depreciation | 7,481 |  |  |
Total Cost, Net of Accumulated Depreciation | 10,442 | 10,687 |  |
Encumbrances | $ 15,420 |  |  |
Current Communities | Avalon Orchards |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 156 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,983 |  |  |
Building / Construction in Progress & Improvements | 17,970 |  |  |
Costs Subsequent to Acquisition / Construction | 2,520 |  |  |
Total Cost |  |  |  |
Land | 2,983 |  |  |
Building / Construction in Progress & Improvements | 20,490 |  |  |
Total | 23,473 |  |  |
Accumulated Depreciation | 10,608 |  |  |
Total Cost, Net of Accumulated Depreciation | 12,865 | 13,431 |  |
Encumbrances | $ 16,075 |  |  |
Current Communities | Avalon at Newton Highlands |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 294 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 11,039 |  |  |
Building / Construction in Progress & Improvements | 45,547 |  |  |
Costs Subsequent to Acquisition / Construction | 4,411 |  |  |
Total Cost |  |  |  |
Land | 11,039 |  |  |
Building / Construction in Progress & Improvements | 49,958 |  |  |
Total | 60,997 |  |  |
Accumulated Depreciation | 23,327 |  |  |
Total Cost, Net of Accumulated Depreciation | 37,670 | 39,040 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at the Pinehills |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 192 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,876 |  |  |
Building / Construction in Progress & Improvements | 30,401 |  |  |
Costs Subsequent to Acquisition / Construction | 456 |  |  |
Total Cost |  |  |  |
Land | 6,876 |  |  |
Building / Construction in Progress & Improvements | 30,857 |  |  |
Total | 37,733 |  |  |
Accumulated Depreciation | 10,017 |  |  |
Total Cost, Net of Accumulated Depreciation | 27,716 | 28,679 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Peabody |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 286 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,645 |  |  |
Building / Construction in Progress & Improvements | 18,919 |  |  |
Costs Subsequent to Acquisition / Construction | 12,758 |  |  |
Total Cost |  |  |  |
Land | 4,645 |  |  |
Building / Construction in Progress & Improvements | 31,677 |  |  |
Total | 36,322 |  |  |
Accumulated Depreciation | 11,993 |  |  |
Total Cost, Net of Accumulated Depreciation | 24,329 | 25,110 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Bedford Center |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 139 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,258 |  |  |
Building / Construction in Progress & Improvements | 20,551 |  |  |
Costs Subsequent to Acquisition / Construction | 877 |  |  |
Total Cost |  |  |  |
Land | 4,258 |  |  |
Building / Construction in Progress & Improvements | 21,428 |  |  |
Total | 25,686 |  |  |
Accumulated Depreciation | 8,116 |  |  |
Total Cost, Net of Accumulated Depreciation | 17,570 | 17,921 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Chestnut Hill |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 204 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 14,572 |  |  |
Building / Construction in Progress & Improvements | 45,911 |  |  |
Costs Subsequent to Acquisition / Construction | 2,522 |  |  |
Total Cost |  |  |  |
Land | 14,572 |  |  |
Building / Construction in Progress & Improvements | 48,433 |  |  |
Total | 63,005 |  |  |
Accumulated Depreciation | 17,365 |  |  |
Total Cost, Net of Accumulated Depreciation | 45,640 | 47,031 |  |
Encumbrances | $ 38,564 |  |  |
Current Communities | Avalon at Lexington Hills |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 387 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,691 |  |  |
Building / Construction in Progress & Improvements | 79,121 |  |  |
Costs Subsequent to Acquisition / Construction | 3,574 |  |  |
Total Cost |  |  |  |
Land | 8,691 |  |  |
Building / Construction in Progress & Improvements | 82,695 |  |  |
Total | 91,386 |  |  |
Accumulated Depreciation | 25,145 |  |  |
Total Cost, Net of Accumulated Depreciation | 66,241 | 67,206 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Acton |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 380 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 13,124 |  |  |
Building / Construction in Progress & Improvements | 48,695 |  |  |
Costs Subsequent to Acquisition / Construction | 3,055 |  |  |
Total Cost |  |  |  |
Land | 13,124 |  |  |
Building / Construction in Progress & Improvements | 51,750 |  |  |
Total | 64,874 |  |  |
Accumulated Depreciation | 15,599 |  |  |
Total Cost, Net of Accumulated Depreciation | 49,275 | 50,588 |  |
Encumbrances | $ 45,000 |  |  |
Current Communities | Avalon Sharon |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 156 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,719 |  |  |
Building / Construction in Progress & Improvements | 25,478 |  |  |
Costs Subsequent to Acquisition / Construction | 613 |  |  |
Total Cost |  |  |  |
Land | 4,719 |  |  |
Building / Construction in Progress & Improvements | 26,091 |  |  |
Total | 30,810 |  |  |
Accumulated Depreciation | 7,850 |  |  |
Total Cost, Net of Accumulated Depreciation | 22,960 | 23,674 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at the Hingham Shipyard |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 235 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,218 |  |  |
Building / Construction in Progress & Improvements | 41,656 |  |  |
Costs Subsequent to Acquisition / Construction | 1,879 |  |  |
Total Cost |  |  |  |
Land | 12,218 |  |  |
Building / Construction in Progress & Improvements | 43,535 |  |  |
Total | 55,753 |  |  |
Accumulated Depreciation | 12,112 |  |  |
Total Cost, Net of Accumulated Depreciation | 43,641 | 44,029 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Northborough |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 382 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,144 |  |  |
Building / Construction in Progress & Improvements | 52,343 |  |  |
Costs Subsequent to Acquisition / Construction | 946 |  |  |
Total Cost |  |  |  |
Land | 8,144 |  |  |
Building / Construction in Progress & Improvements | 53,289 |  |  |
Total | 61,433 |  |  |
Accumulated Depreciation | 12,973 |  |  |
Total Cost, Net of Accumulated Depreciation | 48,460 | 49,624 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Blue Hills |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 276 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 11,110 |  |  |
Building / Construction in Progress & Improvements | 34,580 |  |  |
Costs Subsequent to Acquisition / Construction | 1,068 |  |  |
Total Cost |  |  |  |
Land | 11,110 |  |  |
Building / Construction in Progress & Improvements | 35,648 |  |  |
Total | 46,758 |  |  |
Accumulated Depreciation | 9,444 |  |  |
Total Cost, Net of Accumulated Depreciation | 37,314 | 38,309 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Cohasset |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 220 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,802 |  |  |
Building / Construction in Progress & Improvements | 46,166 |  |  |
Costs Subsequent to Acquisition / Construction | 187 |  |  |
Total Cost |  |  |  |
Land | 8,802 |  |  |
Building / Construction in Progress & Improvements | 46,353 |  |  |
Total | 55,155 |  |  |
Accumulated Depreciation | 8,220 |  |  |
Total Cost, Net of Accumulated Depreciation | 46,935 | 48,512 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Andover |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 115 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,276 |  |  |
Building / Construction in Progress & Improvements | 21,871 |  |  |
Costs Subsequent to Acquisition / Construction | 180 |  |  |
Total Cost |  |  |  |
Land | 4,276 |  |  |
Building / Construction in Progress & Improvements | 22,051 |  |  |
Total | 26,327 |  |  |
Accumulated Depreciation | 3,702 |  |  |
Total Cost, Net of Accumulated Depreciation | 22,625 | 23,291 |  |
Encumbrances | $ 13,844 |  |  |
Current Communities | Avalon Natick |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 407 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 15,645 |  |  |
Building / Construction in Progress & Improvements | 64,845 |  |  |
Costs Subsequent to Acquisition / Construction | 19 |  |  |
Total Cost |  |  |  |
Land | 15,645 |  |  |
Building / Construction in Progress & Improvements | 64,864 |  |  |
Total | 80,509 |  |  |
Accumulated Depreciation | 8,090 |  |  |
Total Cost, Net of Accumulated Depreciation | 72,419 | 74,738 |  |
Encumbrances | $ 50,067 |  |  |
Current Communities | Avalon at Prudential Center II |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 266 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,776 |  |  |
Building / Construction in Progress & Improvements | 35,496 |  |  |
Costs Subsequent to Acquisition / Construction | 44,920 |  |  |
Total Cost |  |  |  |
Land | 8,776 |  |  |
Building / Construction in Progress & Improvements | 80,416 |  |  |
Total | 89,192 |  |  |
Accumulated Depreciation | 29,974 |  |  |
Total Cost, Net of Accumulated Depreciation | 59,218 | 56,806 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Prudential Center I |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 243 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,002 |  |  |
Building / Construction in Progress & Improvements | 32,370 |  |  |
Costs Subsequent to Acquisition / Construction | 33,896 |  |  |
Total Cost |  |  |  |
Land | 8,002 |  |  |
Building / Construction in Progress & Improvements | 66,266 |  |  |
Total | 74,268 |  |  |
Accumulated Depreciation | 26,682 |  |  |
Total Cost, Net of Accumulated Depreciation | 47,586 | 46,823 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Burlington |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 203 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,714 |  |  |
Building / Construction in Progress & Improvements | 32,499 |  |  |
Costs Subsequent to Acquisition / Construction | 5,968 |  |  |
Total Cost |  |  |  |
Land | 7,714 |  |  |
Building / Construction in Progress & Improvements | 38,467 |  |  |
Total | 46,181 |  |  |
Accumulated Depreciation | 5,074 |  |  |
Total Cost, Net of Accumulated Depreciation | 41,107 | 41,700 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Burlington |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 312 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 15,600 |  |  |
Building / Construction in Progress & Improvements | 58,499 |  |  |
Costs Subsequent to Acquisition / Construction | 17,434 |  |  |
Total Cost |  |  |  |
Land | 15,600 |  |  |
Building / Construction in Progress & Improvements | 75,933 |  |  |
Total | 91,533 |  |  |
Accumulated Depreciation | 10,398 |  |  |
Total Cost, Net of Accumulated Depreciation | 81,135 | 81,080 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Bear Hill |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 324 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 27,350 |  |  |
Building / Construction in Progress & Improvements | 94,168 |  |  |
Costs Subsequent to Acquisition / Construction | 28,646 |  |  |
Total Cost |  |  |  |
Land | 27,350 |  |  |
Building / Construction in Progress & Improvements | 122,814 |  |  |
Total | 150,164 |  |  |
Accumulated Depreciation | 19,141 |  |  |
Total Cost, Net of Accumulated Depreciation | 131,023 | 127,367 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Canton at Blue Hills |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 196 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,562 |  |  |
Building / Construction in Progress & Improvements | 33,956 |  |  |
Costs Subsequent to Acquisition / Construction | 133 |  |  |
Total Cost |  |  |  |
Land | 6,562 |  |  |
Building / Construction in Progress & Improvements | 34,089 |  |  |
Total | 40,651 |  |  |
Accumulated Depreciation | 3,260 |  |  |
Total Cost, Net of Accumulated Depreciation | 37,391 | 38,543 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves North Quincy |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 224 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 11,940 |  |  |
Building / Construction in Progress & Improvements | 39,400 |  |  |
Costs Subsequent to Acquisition / Construction | 2,913 |  |  |
Total Cost |  |  |  |
Land | 11,940 |  |  |
Building / Construction in Progress & Improvements | 42,313 |  |  |
Total | 54,253 |  |  |
Accumulated Depreciation | 7,761 |  |  |
Total Cost, Net of Accumulated Depreciation | 46,492 | 47,901 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Exeter |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 187 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 16,313 |  |  |
Building / Construction in Progress & Improvements | 110,028 |  |  |
Costs Subsequent to Acquisition / Construction | 147 |  |  |
Total Cost |  |  |  |
Land | 16,313 |  |  |
Building / Construction in Progress & Improvements | 110,175 |  |  |
Total | 126,488 |  |  |
Accumulated Depreciation | 9,744 |  |  |
Total Cost, Net of Accumulated Depreciation | 116,744 | 120,677 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Somerville [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 250 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 10,865 |  |  |
Building / Construction in Progress & Improvements | 56,324 |  |  |
Costs Subsequent to Acquisition / Construction | 19 |  |  |
Total Cost |  |  |  |
Land | 10,865 |  |  |
Building / Construction in Progress & Improvements | 56,343 |  |  |
Total | 67,208 |  |  |
Accumulated Depreciation | 4,142 |  |  |
Total Cost, Net of Accumulated Depreciation | 63,066 | 68,918 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Center Place |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 225 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 26,816 |  |  |
Costs Subsequent to Acquisition / Construction | 11,511 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 38,327 |  |  |
Total | 38,327 |  |  |
Accumulated Depreciation | 22,752 |  |  |
Total Cost, Net of Accumulated Depreciation | 15,575 | 16,005 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Stamford |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 238 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,956 |  |  |
Building / Construction in Progress & Improvements | 23,993 |  |  |
Costs Subsequent to Acquisition / Construction | 12,946 |  |  |
Total Cost |  |  |  |
Land | 5,956 |  |  |
Building / Construction in Progress & Improvements | 36,939 |  |  |
Total | 42,895 |  |  |
Accumulated Depreciation | 22,837 |  |  |
Total Cost, Net of Accumulated Depreciation | 20,058 | 21,302 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Wilton on River Rd |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 102 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,116 |  |  |
Building / Construction in Progress & Improvements | 14,664 |  |  |
Costs Subsequent to Acquisition / Construction | 5,873 |  |  |
Total Cost |  |  |  |
Land | 2,116 |  |  |
Building / Construction in Progress & Improvements | 20,537 |  |  |
Total | 22,653 |  |  |
Accumulated Depreciation | 11,339 |  |  |
Total Cost, Net of Accumulated Depreciation | 11,314 | 12,020 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon New Canaan |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 104 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,834 |  |  |
Building / Construction in Progress & Improvements | 22,990 |  |  |
Costs Subsequent to Acquisition / Construction | 1,943 |  |  |
Total Cost |  |  |  |
Land | 4,834 |  |  |
Building / Construction in Progress & Improvements | 24,933 |  |  |
Total | 29,767 |  |  |
Accumulated Depreciation | 12,178 |  |  |
Total Cost, Net of Accumulated Depreciation | 17,589 | 18,345 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Stamford |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 306 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 13,819 |  |  |
Building / Construction in Progress & Improvements | 56,499 |  |  |
Costs Subsequent to Acquisition / Construction | 5,263 |  |  |
Total Cost |  |  |  |
Land | 13,819 |  |  |
Building / Construction in Progress & Improvements | 61,762 |  |  |
Total | 75,581 |  |  |
Accumulated Depreciation | 30,120 |  |  |
Total Cost, Net of Accumulated Depreciation | 45,461 | 47,552 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Danbury |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 234 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,933 |  |  |
Building / Construction in Progress & Improvements | 30,638 |  |  |
Costs Subsequent to Acquisition / Construction | 1,004 |  |  |
Total Cost |  |  |  |
Land | 4,933 |  |  |
Building / Construction in Progress & Improvements | 31,642 |  |  |
Total | 36,575 |  |  |
Accumulated Depreciation | 12,630 |  |  |
Total Cost, Net of Accumulated Depreciation | 23,945 | 24,890 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Darien |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 189 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,926 |  |  |
Building / Construction in Progress & Improvements | 34,558 |  |  |
Costs Subsequent to Acquisition / Construction | 2,345 |  |  |
Total Cost |  |  |  |
Land | 6,926 |  |  |
Building / Construction in Progress & Improvements | 36,903 |  |  |
Total | 43,829 |  |  |
Accumulated Depreciation | 16,641 |  |  |
Total Cost, Net of Accumulated Depreciation | 27,188 | 28,363 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Milford |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 246 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,746 |  |  |
Building / Construction in Progress & Improvements | 22,699 |  |  |
Costs Subsequent to Acquisition / Construction | 1,296 |  |  |
Total Cost |  |  |  |
Land | 8,746 |  |  |
Building / Construction in Progress & Improvements | 23,995 |  |  |
Total | 32,741 |  |  |
Accumulated Depreciation | 10,260 |  |  |
Total Cost, Net of Accumulated Depreciation | 22,481 | 23,102 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Norwalk |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 311 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 11,320 |  |  |
Building / Construction in Progress & Improvements | 62,904 |  |  |
Costs Subsequent to Acquisition / Construction | 666 |  |  |
Total Cost |  |  |  |
Land | 11,320 |  |  |
Building / Construction in Progress & Improvements | 63,570 |  |  |
Total | 74,890 |  |  |
Accumulated Depreciation | 13,904 |  |  |
Total Cost, Net of Accumulated Depreciation | 60,986 | 63,064 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Huntington |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 99 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,277 |  |  |
Building / Construction in Progress & Improvements | 20,029 |  |  |
Costs Subsequent to Acquisition / Construction | 242 |  |  |
Total Cost |  |  |  |
Land | 5,277 |  |  |
Building / Construction in Progress & Improvements | 20,271 |  |  |
Total | 25,548 |  |  |
Accumulated Depreciation | 5,808 |  |  |
Total Cost, Net of Accumulated Depreciation | 19,740 | 20,311 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Wilton on Danbury Rd |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 100 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,604 |  |  |
Building / Construction in Progress & Improvements | 23,758 |  |  |
Costs Subsequent to Acquisition / Construction | 29 |  |  |
Total Cost |  |  |  |
Land | 6,604 |  |  |
Building / Construction in Progress & Improvements | 23,787 |  |  |
Total | 30,391 |  |  |
Accumulated Depreciation | 4,710 |  |  |
Total Cost, Net of Accumulated Depreciation | 25,681 | 26,514 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Shelton III |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 250 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,749 |  |  |
Building / Construction in Progress & Improvements | 40,264 |  |  |
Costs Subsequent to Acquisition / Construction | 26 |  |  |
Total Cost |  |  |  |
Land | 7,749 |  |  |
Building / Construction in Progress & Improvements | 40,290 |  |  |
Total | 48,039 |  |  |
Accumulated Depreciation | 5,213 |  |  |
Total Cost, Net of Accumulated Depreciation | 42,826 | 44,286 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon East Norwalk |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 240 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 10,395 |  |  |
Building / Construction in Progress & Improvements | 36,246 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 10,395 |  |  |
Building / Construction in Progress & Improvements | 36,246 |  |  |
Total | 46,641 |  |  |
Accumulated Depreciation | 4,324 |  |  |
Total Cost, Net of Accumulated Depreciation | 42,317 | 43,660 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Stratford |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 130 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,564 |  |  |
Building / Construction in Progress & Improvements | 27,157 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 2,564 |  |  |
Building / Construction in Progress & Improvements | 27,157 |  |  |
Total | 29,721 |  |  |
Accumulated Depreciation | 2,297 |  |  |
Total Cost, Net of Accumulated Depreciation | 27,424 | 28,351 |  |
Encumbrances | $ 38,221 |  |  |
Current Communities | Avalon Commons |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 312 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,679 |  |  |
Building / Construction in Progress & Improvements | 28,286 |  |  |
Costs Subsequent to Acquisition / Construction | 6,012 |  |  |
Total Cost |  |  |  |
Land | 4,679 |  |  |
Building / Construction in Progress & Improvements | 34,298 |  |  |
Total | 38,977 |  |  |
Accumulated Depreciation | 21,265 |  |  |
Total Cost, Net of Accumulated Depreciation | 17,712 | 18,817 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Green I |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 105 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 1,820 |  |  |
Building / Construction in Progress & Improvements | 10,525 |  |  |
Costs Subsequent to Acquisition / Construction | 7,516 |  |  |
Total Cost |  |  |  |
Land | 1,820 |  |  |
Building / Construction in Progress & Improvements | 18,041 |  |  |
Total | 19,861 |  |  |
Accumulated Depreciation | 9,228 |  |  |
Total Cost, Net of Accumulated Depreciation | 10,633 | 10,711 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA High Line |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 405 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 155,989 |  |  |
Costs Subsequent to Acquisition / Construction | 16 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 156,005 |  |  |
Total | 156,005 |  |  |
Accumulated Depreciation | 3,878 |  |  |
Total Cost, Net of Accumulated Depreciation | 152,127 | 152,111 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Riverview |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 372 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 94,061 |  |  |
Costs Subsequent to Acquisition / Construction | 9,718 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 103,779 |  |  |
Total | 103,779 |  |  |
Accumulated Depreciation | 48,867 |  |  |
Total Cost, Net of Accumulated Depreciation | 54,912 | 55,494 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Bowery Place I |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 206 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 18,575 |  |  |
Building / Construction in Progress & Improvements | 75,009 |  |  |
Costs Subsequent to Acquisition / Construction | 2,717 |  |  |
Total Cost |  |  |  |
Land | 18,575 |  |  |
Building / Construction in Progress & Improvements | 77,726 |  |  |
Total | 96,301 |  |  |
Accumulated Depreciation | 27,419 |  |  |
Total Cost, Net of Accumulated Depreciation | 68,882 | 71,256 |  |
Encumbrances | $ 93,800 |  |  |
Current Communities | Avalon Bowery Place II |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 90 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,106 |  |  |
Building / Construction in Progress & Improvements | 47,199 |  |  |
Costs Subsequent to Acquisition / Construction | 3,649 |  |  |
Total Cost |  |  |  |
Land | 9,106 |  |  |
Building / Construction in Progress & Improvements | 50,848 |  |  |
Total | 59,954 |  |  |
Accumulated Depreciation | 15,347 |  |  |
Total Cost, Net of Accumulated Depreciation | 44,607 | 45,979 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Morningside Park |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 295 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 114,233 |  |  |
Costs Subsequent to Acquisition / Construction | 1,465 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 115,698 |  |  |
Total | 115,698 |  |  |
Accumulated Depreciation | 32,671 |  |  |
Total Cost, Net of Accumulated Depreciation | 83,027 | 86,539 |  |
Encumbrances | $ 100,000 |  |  |
Current Communities | Avalon Fort Greene |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 631 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 83,038 |  |  |
Building / Construction in Progress & Improvements | 216,802 |  |  |
Costs Subsequent to Acquisition / Construction | 1,742 |  |  |
Total Cost |  |  |  |
Land | 83,038 |  |  |
Building / Construction in Progress & Improvements | 218,544 |  |  |
Total | 301,582 |  |  |
Accumulated Depreciation | 50,369 |  |  |
Total Cost, Net of Accumulated Depreciation | 251,213 | 258,047 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Midtown West |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 550 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 154,730 |  |  |
Building / Construction in Progress & Improvements | 180,253 |  |  |
Costs Subsequent to Acquisition / Construction | 13,608 |  |  |
Total Cost |  |  |  |
Land | 154,730 |  |  |
Building / Construction in Progress & Improvements | 193,861 |  |  |
Total | 348,591 |  |  |
Accumulated Depreciation | 35,495 |  |  |
Total Cost, Net of Accumulated Depreciation | 313,096 | 318,046 |  |
Encumbrances | $ 100,500 |  |  |
Current Communities | Avalon Clinton North |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 339 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 84,069 |  |  |
Building / Construction in Progress & Improvements | 105,821 |  |  |
Costs Subsequent to Acquisition / Construction | 10,390 |  |  |
Total Cost |  |  |  |
Land | 84,069 |  |  |
Building / Construction in Progress & Improvements | 116,211 |  |  |
Total | 200,280 |  |  |
Accumulated Depreciation | 19,540 |  |  |
Total Cost, Net of Accumulated Depreciation | 180,740 | 181,136 |  |
Encumbrances | $ 147,000 |  |  |
Current Communities | Avalon Clinton South |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 288 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 71,421 |  |  |
Building / Construction in Progress & Improvements | 89,851 |  |  |
Costs Subsequent to Acquisition / Construction | 5,957 |  |  |
Total Cost |  |  |  |
Land | 71,421 |  |  |
Building / Construction in Progress & Improvements | 95,808 |  |  |
Total | 167,229 |  |  |
Accumulated Depreciation | 16,899 |  |  |
Total Cost, Net of Accumulated Depreciation | 150,330 | 152,700 |  |
Encumbrances | $ 121,500 |  |  |
Current Communities | Avalon Willow |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 227 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,207 |  |  |
Building / Construction in Progress & Improvements | 40,791 |  |  |
Costs Subsequent to Acquisition / Construction | 2,023 |  |  |
Total Cost |  |  |  |
Land | 6,207 |  |  |
Building / Construction in Progress & Improvements | 42,814 |  |  |
Total | 49,021 |  |  |
Accumulated Depreciation | 24,868 |  |  |
Total Cost, Net of Accumulated Depreciation | 24,153 | 25,379 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Court |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 494 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,228 |  |  |
Building / Construction in Progress & Improvements | 50,063 |  |  |
Costs Subsequent to Acquisition / Construction | 5,747 |  |  |
Total Cost |  |  |  |
Land | 9,228 |  |  |
Building / Construction in Progress & Improvements | 55,810 |  |  |
Total | 65,038 |  |  |
Accumulated Depreciation | 32,744 |  |  |
Total Cost, Net of Accumulated Depreciation | 32,294 | 31,696 |  |
Encumbrances | $ 0 |  |  |
Current Communities | The Avalon |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 110 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,889 |  |  |
Building / Construction in Progress & Improvements | 28,324 |  |  |
Costs Subsequent to Acquisition / Construction | 8,318 |  |  |
Total Cost |  |  |  |
Land | 2,889 |  |  |
Building / Construction in Progress & Improvements | 36,642 |  |  |
Total | 39,531 |  |  |
Accumulated Depreciation | 18,467 |  |  |
Total Cost, Net of Accumulated Depreciation | 21,064 | 22,038 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Glen Cove |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 256 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,871 |  |  |
Building / Construction in Progress & Improvements | 59,969 |  |  |
Costs Subsequent to Acquisition / Construction | 3,392 |  |  |
Total Cost |  |  |  |
Land | 7,871 |  |  |
Building / Construction in Progress & Improvements | 63,361 |  |  |
Total | 71,232 |  |  |
Accumulated Depreciation | 26,351 |  |  |
Total Cost, Net of Accumulated Depreciation | 44,881 | 45,197 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Pines |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 450 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,700 |  |  |
Building / Construction in Progress & Improvements | 62,931 |  |  |
Costs Subsequent to Acquisition / Construction | 1,401 |  |  |
Total Cost |  |  |  |
Land | 8,700 |  |  |
Building / Construction in Progress & Improvements | 64,332 |  |  |
Total | 73,032 |  |  |
Accumulated Depreciation | 25,211 |  |  |
Total Cost, Net of Accumulated Depreciation | 47,821 | 49,598 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Glen Cove North |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 111 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,577 |  |  |
Building / Construction in Progress & Improvements | 37,336 |  |  |
Costs Subsequent to Acquisition / Construction | 434 |  |  |
Total Cost |  |  |  |
Land | 2,577 |  |  |
Building / Construction in Progress & Improvements | 37,770 |  |  |
Total | 40,347 |  |  |
Accumulated Depreciation | 12,579 |  |  |
Total Cost, Net of Accumulated Depreciation | 27,768 | 28,990 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon White Plains |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 407 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 15,391 |  |  |
Building / Construction in Progress & Improvements | 137,353 |  |  |
Costs Subsequent to Acquisition / Construction | 369 |  |  |
Total Cost |  |  |  |
Land | 15,391 |  |  |
Building / Construction in Progress & Improvements | 137,722 |  |  |
Total | 153,113 |  |  |
Accumulated Depreciation | 36,925 |  |  |
Total Cost, Net of Accumulated Depreciation | 116,188 | 120,690 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Rockville Centre |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 349 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 32,212 |  |  |
Building / Construction in Progress & Improvements | 78,806 |  |  |
Costs Subsequent to Acquisition / Construction | 334 |  |  |
Total Cost |  |  |  |
Land | 32,212 |  |  |
Building / Construction in Progress & Improvements | 79,140 |  |  |
Total | 111,352 |  |  |
Accumulated Depreciation | 14,157 |  |  |
Total Cost, Net of Accumulated Depreciation | 97,195 | 99,724 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Green II |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 444 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 27,765 |  |  |
Building / Construction in Progress & Improvements | 77,560 |  |  |
Costs Subsequent to Acquisition / Construction | 116 |  |  |
Total Cost |  |  |  |
Land | 27,765 |  |  |
Building / Construction in Progress & Improvements | 77,676 |  |  |
Total | 105,441 |  |  |
Accumulated Depreciation | 12,904 |  |  |
Total Cost, Net of Accumulated Depreciation | 92,537 | 95,210 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Garden City |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 204 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 18,205 |  |  |
Building / Construction in Progress & Improvements | 49,332 |  |  |
Costs Subsequent to Acquisition / Construction | 236 |  |  |
Total Cost |  |  |  |
Land | 18,205 |  |  |
Building / Construction in Progress & Improvements | 49,568 |  |  |
Total | 67,773 |  |  |
Accumulated Depreciation | 7,600 |  |  |
Total Cost, Net of Accumulated Depreciation | 60,173 | 61,775 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Ossining |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 168 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,392 |  |  |
Building / Construction in Progress & Improvements | 30,313 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 6,392 |  |  |
Building / Construction in Progress & Improvements | 30,313 |  |  |
Total | 36,705 |  |  |
Accumulated Depreciation | 2,971 |  |  |
Total Cost, Net of Accumulated Depreciation | 33,734 | 34,811 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Westbury |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 396 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 69,620 |  |  |
Building / Construction in Progress & Improvements | 43,781 |  |  |
Costs Subsequent to Acquisition / Construction | 10,246 |  |  |
Total Cost |  |  |  |
Land | 69,620 |  |  |
Building / Construction in Progress & Improvements | 54,027 |  |  |
Total | 123,647 |  |  |
Accumulated Depreciation | 12,895 |  |  |
Total Cost, Net of Accumulated Depreciation | 110,752 | 112,699 |  |
Encumbrances | $ 79,945 |  |  |
Current Communities | Avalon Huntington Station |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 303 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 21,896 |  |  |
Building / Construction in Progress & Improvements | 58,660 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 21,896 |  |  |
Building / Construction in Progress & Improvements | 58,660 |  |  |
Total | 80,556 |  |  |
Accumulated Depreciation | 5,094 |  |  |
Total Cost, Net of Accumulated Depreciation | 75,462 | 77,534 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Cove |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 504 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,760 |  |  |
Building / Construction in Progress & Improvements | 82,422 |  |  |
Costs Subsequent to Acquisition / Construction | 21,979 |  |  |
Total Cost |  |  |  |
Land | 8,760 |  |  |
Building / Construction in Progress & Improvements | 104,401 |  |  |
Total | 113,161 |  |  |
Accumulated Depreciation | 61,207 |  |  |
Total Cost, Net of Accumulated Depreciation | 51,954 | 54,651 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Run |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 632 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 14,650 |  |  |
Building / Construction in Progress & Improvements | 60,486 |  |  |
Costs Subsequent to Acquisition / Construction | 11,430 |  |  |
Total Cost |  |  |  |
Land | 14,650 |  |  |
Building / Construction in Progress & Improvements | 71,916 |  |  |
Total | 86,566 |  |  |
Accumulated Depreciation | 29,232 |  |  |
Total Cost, Net of Accumulated Depreciation | 57,334 | 56,391 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Princeton Junction |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 512 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,585 |  |  |
Building / Construction in Progress & Improvements | 22,382 |  |  |
Costs Subsequent to Acquisition / Construction | 21,115 |  |  |
Total Cost |  |  |  |
Land | 5,585 |  |  |
Building / Construction in Progress & Improvements | 43,497 |  |  |
Total | 49,082 |  |  |
Accumulated Depreciation | 24,495 |  |  |
Total Cost, Net of Accumulated Depreciation | 24,587 | 25,952 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Florham Park [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 270 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,647 |  |  |
Building / Construction in Progress & Improvements | 34,906 |  |  |
Costs Subsequent to Acquisition / Construction | 3,190 |  |  |
Total Cost |  |  |  |
Land | 6,647 |  |  |
Building / Construction in Progress & Improvements | 38,096 |  |  |
Total | 44,743 |  |  |
Accumulated Depreciation | 20,913 |  |  |
Total Cost, Net of Accumulated Depreciation | 23,830 | 24,668 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Edgewater |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 168 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,982 |  |  |
Building / Construction in Progress & Improvements | 24,389 |  |  |
Costs Subsequent to Acquisition / Construction | 4,681 |  |  |
Total Cost |  |  |  |
Land | 5,982 |  |  |
Building / Construction in Progress & Improvements | 29,070 |  |  |
Total | 35,052 |  |  |
Accumulated Depreciation | 13,929 |  |  |
Total Cost, Net of Accumulated Depreciation | 21,123 | 27,453 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Run East [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 312 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,766 |  |  |
Building / Construction in Progress & Improvements | 45,359 |  |  |
Costs Subsequent to Acquisition / Construction | 1,400 |  |  |
Total Cost |  |  |  |
Land | 6,766 |  |  |
Building / Construction in Progress & Improvements | 46,759 |  |  |
Total | 53,525 |  |  |
Accumulated Depreciation | 19,560 |  |  |
Total Cost, Net of Accumulated Depreciation | 33,965 | 35,330 |  |
Encumbrances | $ 36,305 |  |  |
Current Communities | Avalon Tinton Falls |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 216 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,939 |  |  |
Building / Construction in Progress & Improvements | 33,170 |  |  |
Costs Subsequent to Acquisition / Construction | 489 |  |  |
Total Cost |  |  |  |
Land | 7,939 |  |  |
Building / Construction in Progress & Improvements | 33,659 |  |  |
Total | 41,598 |  |  |
Accumulated Depreciation | 10,070 |  |  |
Total Cost, Net of Accumulated Depreciation | 31,528 | 32,576 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon West Long Branch |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 180 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,721 |  |  |
Building / Construction in Progress & Improvements | 22,925 |  |  |
Costs Subsequent to Acquisition / Construction | 99 |  |  |
Total Cost |  |  |  |
Land | 2,721 |  |  |
Building / Construction in Progress & Improvements | 23,024 |  |  |
Total | 25,745 |  |  |
Accumulated Depreciation | 5,196 |  |  |
Total Cost, Net of Accumulated Depreciation | 20,549 | 21,382 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon North Bergen |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 164 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,984 |  |  |
Building / Construction in Progress & Improvements | 30,994 |  |  |
Costs Subsequent to Acquisition / Construction | 919 |  |  |
Total Cost |  |  |  |
Land | 8,984 |  |  |
Building / Construction in Progress & Improvements | 31,913 |  |  |
Total | 40,897 |  |  |
Accumulated Depreciation | 5,211 |  |  |
Total Cost, Net of Accumulated Depreciation | 35,686 | 36,900 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Wesmont Station |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 266 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 14,682 |  |  |
Building / Construction in Progress & Improvements | 41,635 |  |  |
Costs Subsequent to Acquisition / Construction | 486 |  |  |
Total Cost |  |  |  |
Land | 14,682 |  |  |
Building / Construction in Progress & Improvements | 42,121 |  |  |
Total | 56,803 |  |  |
Accumulated Depreciation | 6,812 |  |  |
Total Cost, Net of Accumulated Depreciation | 49,991 | 51,632 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Hackensack at Riverside |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 226 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 44,619 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 44,619 |  |  |
Total | 44,619 |  |  |
Accumulated Depreciation | 5,520 |  |  |
Total Cost, Net of Accumulated Depreciation | 39,099 | 40,722 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Somerset |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 384 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 18,241 |  |  |
Building / Construction in Progress & Improvements | 58,338 |  |  |
Costs Subsequent to Acquisition / Construction | 101 |  |  |
Total Cost |  |  |  |
Land | 18,241 |  |  |
Building / Construction in Progress & Improvements | 58,439 |  |  |
Total | 76,680 |  |  |
Accumulated Depreciation | 7,657 |  |  |
Total Cost, Net of Accumulated Depreciation | 69,023 | 71,074 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Wesmont Station II |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 140 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,502 |  |  |
Building / Construction in Progress & Improvements | 16,863 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 6,502 |  |  |
Building / Construction in Progress & Improvements | 16,863 |  |  |
Total | 23,365 |  |  |
Accumulated Depreciation | 2,234 |  |  |
Total Cost, Net of Accumulated Depreciation | 21,131 | 21,762 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Bloomingdale |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 174 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 3,006 |  |  |
Building / Construction in Progress & Improvements | 27,802 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 3,006 |  |  |
Building / Construction in Progress & Improvements | 27,802 |  |  |
Total | 30,808 |  |  |
Accumulated Depreciation | 3,173 |  |  |
Total Cost, Net of Accumulated Depreciation | 27,635 | 28,670 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Foxhall |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 308 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,848 |  |  |
Building / Construction in Progress & Improvements | 27,614 |  |  |
Costs Subsequent to Acquisition / Construction | 13,649 |  |  |
Total Cost |  |  |  |
Land | 6,848 |  |  |
Building / Construction in Progress & Improvements | 41,263 |  |  |
Total | 48,111 |  |  |
Accumulated Depreciation | 27,751 |  |  |
Total Cost, Net of Accumulated Depreciation | 20,360 | 20,663 |  |
Encumbrances | $ 54,583 |  |  |
Current Communities | Avalon at Gallery Place |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 203 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,800 |  |  |
Building / Construction in Progress & Improvements | 39,658 |  |  |
Costs Subsequent to Acquisition / Construction | 2,069 |  |  |
Total Cost |  |  |  |
Land | 8,800 |  |  |
Building / Construction in Progress & Improvements | 41,727 |  |  |
Total | 50,527 |  |  |
Accumulated Depreciation | 19,480 |  |  |
Total Cost, Net of Accumulated Depreciation | 31,047 | 32,483 |  |
Encumbrances | $ 42,410 |  |  |
Current Communities | AVA H Street |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 138 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,425 |  |  |
Building / Construction in Progress & Improvements | 25,282 |  |  |
Costs Subsequent to Acquisition / Construction | 25 |  |  |
Total Cost |  |  |  |
Land | 7,425 |  |  |
Building / Construction in Progress & Improvements | 25,307 |  |  |
Total | 32,732 |  |  |
Accumulated Depreciation | 3,734 |  |  |
Total Cost, Net of Accumulated Depreciation | 28,998 | 29,952 |  |
Encumbrances | $ 0 |  |  |
Current Communities | The Albemarle |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 228 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 25,140 |  |  |
Building / Construction in Progress & Improvements | 52,459 |  |  |
Costs Subsequent to Acquisition / Construction | 5,243 |  |  |
Total Cost |  |  |  |
Land | 25,140 |  |  |
Building / Construction in Progress & Improvements | 57,702 |  |  |
Total | 82,842 |  |  |
Accumulated Depreciation | 10,708 |  |  |
Total Cost, Net of Accumulated Depreciation | 72,134 | 73,386 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Tunlaw Gardens |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 166 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 16,430 |  |  |
Building / Construction in Progress & Improvements | 22,902 |  |  |
Costs Subsequent to Acquisition / Construction | 2,275 |  |  |
Total Cost |  |  |  |
Land | 16,430 |  |  |
Building / Construction in Progress & Improvements | 25,177 |  |  |
Total | 41,607 |  |  |
Accumulated Depreciation | 4,856 |  |  |
Total Cost, Net of Accumulated Depreciation | 36,751 | 37,426 |  |
Encumbrances | $ 0 |  |  |
Current Communities | The Statesman |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 281 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 38,140 |  |  |
Building / Construction in Progress & Improvements | 35,352 |  |  |
Costs Subsequent to Acquisition / Construction | 3,857 |  |  |
Total Cost |  |  |  |
Land | 38,140 |  |  |
Building / Construction in Progress & Improvements | 39,209 |  |  |
Total | 77,349 |  |  |
Accumulated Depreciation | 8,515 |  |  |
Total Cost, Net of Accumulated Depreciation | 68,834 | 70,058 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Glover Park |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 120 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,580 |  |  |
Building / Construction in Progress & Improvements | 26,532 |  |  |
Costs Subsequent to Acquisition / Construction | 2,317 |  |  |
Total Cost |  |  |  |
Land | 9,580 |  |  |
Building / Construction in Progress & Improvements | 28,849 |  |  |
Total | 38,429 |  |  |
Accumulated Depreciation | 5,485 |  |  |
Total Cost, Net of Accumulated Depreciation | 32,944 | 33,836 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Van Ness |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 269 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 22,890 |  |  |
Building / Construction in Progress & Improvements | 58,691 |  |  |
Costs Subsequent to Acquisition / Construction | 4,127 |  |  |
Total Cost |  |  |  |
Land | 22,890 |  |  |
Building / Construction in Progress & Improvements | 62,818 |  |  |
Total | 85,708 |  |  |
Accumulated Depreciation | 11,152 |  |  |
Total Cost, Net of Accumulated Depreciation | 74,556 | 76,255 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon First & M |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 469 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 43,700 |  |  |
Building / Construction in Progress & Improvements | 153,950 |  |  |
Costs Subsequent to Acquisition / Construction | 3,048 |  |  |
Total Cost |  |  |  |
Land | 43,700 |  |  |
Building / Construction in Progress & Improvements | 156,998 |  |  |
Total | 200,698 |  |  |
Accumulated Depreciation | 23,077 |  |  |
Total Cost, Net of Accumulated Depreciation | 177,621 | 182,659 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Fairway Hills |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 720 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,603 |  |  |
Building / Construction in Progress & Improvements | 34,432 |  |  |
Costs Subsequent to Acquisition / Construction | 16,129 |  |  |
Total Cost |  |  |  |
Land | 8,603 |  |  |
Building / Construction in Progress & Improvements | 50,561 |  |  |
Total | 59,164 |  |  |
Accumulated Depreciation | 31,780 |  |  |
Total Cost, Net of Accumulated Depreciation | 27,384 | 29,017 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Washingtonian Center I |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 288 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,047 |  |  |
Building / Construction in Progress & Improvements | 18,553 |  |  |
Costs Subsequent to Acquisition / Construction | 1,985 |  |  |
Total Cost |  |  |  |
Land | 4,047 |  |  |
Building / Construction in Progress & Improvements | 20,538 |  |  |
Total | 24,585 |  |  |
Accumulated Depreciation | 13,327 |  |  |
Total Cost, Net of Accumulated Depreciation | 11,258 | 11,103 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Columbia Town Center |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 392 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,802 |  |  |
Building / Construction in Progress & Improvements | 35,536 |  |  |
Costs Subsequent to Acquisition / Construction | 11,861 |  |  |
Total Cost |  |  |  |
Land | 8,802 |  |  |
Building / Construction in Progress & Improvements | 47,397 |  |  |
Total | 56,199 |  |  |
Accumulated Depreciation | 19,385 |  |  |
Total Cost, Net of Accumulated Depreciation | 36,814 | 38,093 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Grosvenor Station |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 497 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 29,159 |  |  |
Building / Construction in Progress & Improvements | 52,993 |  |  |
Costs Subsequent to Acquisition / Construction | 2,276 |  |  |
Total Cost |  |  |  |
Land | 29,159 |  |  |
Building / Construction in Progress & Improvements | 55,269 |  |  |
Total | 84,428 |  |  |
Accumulated Depreciation | 25,023 |  |  |
Total Cost, Net of Accumulated Depreciation | 59,405 | 61,283 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Traville |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 520 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 14,365 |  |  |
Building / Construction in Progress & Improvements | 55,398 |  |  |
Costs Subsequent to Acquisition / Construction | 3,901 |  |  |
Total Cost |  |  |  |
Land | 14,365 |  |  |
Building / Construction in Progress & Improvements | 59,299 |  |  |
Total | 73,664 |  |  |
Accumulated Depreciation | 25,599 |  |  |
Total Cost, Net of Accumulated Depreciation | 48,065 | 49,262 |  |
Encumbrances | $ 71,871 |  |  |
Current Communities | Avalon Russett |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 238 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 10,200 |  |  |
Building / Construction in Progress & Improvements | 47,524 |  |  |
Costs Subsequent to Acquisition / Construction | 2,883 |  |  |
Total Cost |  |  |  |
Land | 10,200 |  |  |
Building / Construction in Progress & Improvements | 50,407 |  |  |
Total | 60,607 |  |  |
Accumulated Depreciation | 9,182 |  |  |
Total Cost, Net of Accumulated Depreciation | 51,425 | 53,187 |  |
Encumbrances | $ 32,199 |  |  |
Current Communities | Eaves Fair Lakes |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 420 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,096 |  |  |
Building / Construction in Progress & Improvements | 24,400 |  |  |
Costs Subsequent to Acquisition / Construction | 8,564 |  |  |
Total Cost |  |  |  |
Land | 6,096 |  |  |
Building / Construction in Progress & Improvements | 32,964 |  |  |
Total | 39,060 |  |  |
Accumulated Depreciation | 20,074 |  |  |
Total Cost, Net of Accumulated Depreciation | 18,986 | 19,927 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Ballston |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 344 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,291 |  |  |
Building / Construction in Progress & Improvements | 29,177 |  |  |
Costs Subsequent to Acquisition / Construction | 16,272 |  |  |
Total Cost |  |  |  |
Land | 7,291 |  |  |
Building / Construction in Progress & Improvements | 45,449 |  |  |
Total | 52,740 |  |  |
Accumulated Depreciation | 27,544 |  |  |
Total Cost, Net of Accumulated Depreciation | 25,196 | 26,623 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Fairfax City |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 141 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,152 |  |  |
Building / Construction in Progress & Improvements | 8,907 |  |  |
Costs Subsequent to Acquisition / Construction | 5,390 |  |  |
Total Cost |  |  |  |
Land | 2,152 |  |  |
Building / Construction in Progress & Improvements | 14,297 |  |  |
Total | 16,449 |  |  |
Accumulated Depreciation | 7,676 |  |  |
Total Cost, Net of Accumulated Depreciation | 8,773 | 9,292 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Tysons Corner |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 558 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 13,851 |  |  |
Building / Construction in Progress & Improvements | 43,397 |  |  |
Costs Subsequent to Acquisition / Construction | 12,527 |  |  |
Total Cost |  |  |  |
Land | 13,851 |  |  |
Building / Construction in Progress & Improvements | 55,924 |  |  |
Total | 69,775 |  |  |
Accumulated Depreciation | 30,819 |  |  |
Total Cost, Net of Accumulated Depreciation | 38,956 | 40,926 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Glendora [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 280 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 18,311 |  |  |
Building / Construction in Progress & Improvements | 64,649 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 18,311 |  |  |
Building / Construction in Progress & Improvements | 64,649 |  |  |
Total | 82,960 |  |  |
Accumulated Depreciation | 2,602 |  |  |
Total Cost, Net of Accumulated Depreciation | 80,358 | 81,730 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Park Crest |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 354 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 13,554 |  |  |
Building / Construction in Progress & Improvements | 63,526 |  |  |
Costs Subsequent to Acquisition / Construction | 83 |  |  |
Total Cost |  |  |  |
Land | 13,554 |  |  |
Building / Construction in Progress & Improvements | 63,609 |  |  |
Total | 77,163 |  |  |
Accumulated Depreciation | 9,568 |  |  |
Total Cost, Net of Accumulated Depreciation | 67,595 | 69,885 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Fairfax Towers |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 415 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 17,889 |  |  |
Building / Construction in Progress & Improvements | 74,727 |  |  |
Costs Subsequent to Acquisition / Construction | 2,156 |  |  |
Total Cost |  |  |  |
Land | 17,889 |  |  |
Building / Construction in Progress & Improvements | 76,883 |  |  |
Total | 94,772 |  |  |
Accumulated Depreciation | 15,509 |  |  |
Total Cost, Net of Accumulated Depreciation | 79,263 | 81,868 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Ballston Place |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 383 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 38,490 |  |  |
Building / Construction in Progress & Improvements | 123,645 |  |  |
Costs Subsequent to Acquisition / Construction | 4,640 |  |  |
Total Cost |  |  |  |
Land | 38,490 |  |  |
Building / Construction in Progress & Improvements | 128,285 |  |  |
Total | 166,775 |  |  |
Accumulated Depreciation | 20,296 |  |  |
Total Cost, Net of Accumulated Depreciation | 146,479 | 150,147 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Tysons Corner |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 217 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 16,030 |  |  |
Building / Construction in Progress & Improvements | 45,420 |  |  |
Costs Subsequent to Acquisition / Construction | 2,710 |  |  |
Total Cost |  |  |  |
Land | 16,030 |  |  |
Building / Construction in Progress & Improvements | 48,130 |  |  |
Total | 64,160 |  |  |
Accumulated Depreciation | 9,237 |  |  |
Total Cost, Net of Accumulated Depreciation | 54,923 | 56,669 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Ballston Square |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 714 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 71,640 |  |  |
Building / Construction in Progress & Improvements | 215,937 |  |  |
Costs Subsequent to Acquisition / Construction | 14,112 |  |  |
Total Cost |  |  |  |
Land | 71,640 |  |  |
Building / Construction in Progress & Improvements | 230,049 |  |  |
Total | 301,689 |  |  |
Accumulated Depreciation | 38,967 |  |  |
Total Cost, Net of Accumulated Depreciation | 262,722 | 268,502 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Archstone Courthouse Place |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 564 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 56,550 |  |  |
Building / Construction in Progress & Improvements | 178,032 |  |  |
Costs Subsequent to Acquisition / Construction | 9,924 |  |  |
Total Cost |  |  |  |
Land | 56,550 |  |  |
Building / Construction in Progress & Improvements | 187,956 |  |  |
Total | 244,506 |  |  |
Accumulated Depreciation | 31,392 |  |  |
Total Cost, Net of Accumulated Depreciation | 213,114 | 218,300 |  |
Encumbrances | $ 118,112 |  |  |
Current Communities | Avalon Arlington North |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 228 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 21,600 |  |  |
Building / Construction in Progress & Improvements | 59,077 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 21,600 |  |  |
Building / Construction in Progress & Improvements | 59,077 |  |  |
Total | 80,677 |  |  |
Accumulated Depreciation | 5,682 |  |  |
Total Cost, Net of Accumulated Depreciation | 74,995 | 77,076 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Reston Landing |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 400 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 26,710 |  |  |
Building / Construction in Progress & Improvements | 83,084 |  |  |
Costs Subsequent to Acquisition / Construction | 5,185 |  |  |
Total Cost |  |  |  |
Land | 26,710 |  |  |
Building / Construction in Progress & Improvements | 88,269 |  |  |
Total | 114,979 |  |  |
Accumulated Depreciation | 16,541 |  |  |
Total Cost, Net of Accumulated Depreciation | 98,438 | 101,004 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Redmond Place |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 222 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,558 |  |  |
Building / Construction in Progress & Improvements | 18,368 |  |  |
Costs Subsequent to Acquisition / Construction | 10,260 |  |  |
Total Cost |  |  |  |
Land | 4,558 |  |  |
Building / Construction in Progress & Improvements | 28,628 |  |  |
Total | 33,186 |  |  |
Accumulated Depreciation | 16,544 |  |  |
Total Cost, Net of Accumulated Depreciation | 16,642 | 17,646 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Bear Creek |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 264 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,786 |  |  |
Building / Construction in Progress & Improvements | 27,641 |  |  |
Costs Subsequent to Acquisition / Construction | 4,187 |  |  |
Total Cost |  |  |  |
Land | 6,786 |  |  |
Building / Construction in Progress & Improvements | 31,828 |  |  |
Total | 38,614 |  |  |
Accumulated Depreciation | 19,969 |  |  |
Total Cost, Net of Accumulated Depreciation | 18,645 | 19,290 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Bellevue |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 201 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,664 |  |  |
Building / Construction in Progress & Improvements | 24,119 |  |  |
Costs Subsequent to Acquisition / Construction | 1,920 |  |  |
Total Cost |  |  |  |
Land | 6,664 |  |  |
Building / Construction in Progress & Improvements | 26,039 |  |  |
Total | 32,703 |  |  |
Accumulated Depreciation | 14,262 |  |  |
Total Cost, Net of Accumulated Depreciation | 18,441 | 19,258 |  |
Encumbrances | $ 24,695 |  |  |
Current Communities | Avalon RockMeadow |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 206 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,777 |  |  |
Building / Construction in Progress & Improvements | 19,765 |  |  |
Costs Subsequent to Acquisition / Construction | 2,392 |  |  |
Total Cost |  |  |  |
Land | 4,777 |  |  |
Building / Construction in Progress & Improvements | 22,157 |  |  |
Total | 26,934 |  |  |
Accumulated Depreciation | 12,477 |  |  |
Total Cost, Net of Accumulated Depreciation | 14,457 | 15,191 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon ParcSquare |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 124 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 3,789 |  |  |
Building / Construction in Progress & Improvements | 15,139 |  |  |
Costs Subsequent to Acquisition / Construction | 3,150 |  |  |
Total Cost |  |  |  |
Land | 3,789 |  |  |
Building / Construction in Progress & Improvements | 18,289 |  |  |
Total | 22,078 |  |  |
Accumulated Depreciation | 10,018 |  |  |
Total Cost, Net of Accumulated Depreciation | 12,060 | 12,292 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Belltown |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 100 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,644 |  |  |
Building / Construction in Progress & Improvements | 12,733 |  |  |
Costs Subsequent to Acquisition / Construction | 1,013 |  |  |
Total Cost |  |  |  |
Land | 5,644 |  |  |
Building / Construction in Progress & Improvements | 13,746 |  |  |
Total | 19,390 |  |  |
Accumulated Depreciation | 7,387 |  |  |
Total Cost, Net of Accumulated Depreciation | 12,003 | 12,409 |  |
Encumbrances | $ 60,766 |  |  |
Current Communities | Avalon Meydenbauer |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 368 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,697 |  |  |
Building / Construction in Progress & Improvements | 77,450 |  |  |
Costs Subsequent to Acquisition / Construction | 1,271 |  |  |
Total Cost |  |  |  |
Land | 12,697 |  |  |
Building / Construction in Progress & Improvements | 78,721 |  |  |
Total | 91,418 |  |  |
Accumulated Depreciation | 23,732 |  |  |
Total Cost, Net of Accumulated Depreciation | 67,686 | 70,408 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Towers Bellevue |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 397 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 123,029 |  |  |
Costs Subsequent to Acquisition / Construction | 925 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 123,954 |  |  |
Total | 123,954 |  |  |
Accumulated Depreciation | 27,956 |  |  |
Total Cost, Net of Accumulated Depreciation | 95,998 | 100,369 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Queen Anne |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 203 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,081 |  |  |
Building / Construction in Progress & Improvements | 41,618 |  |  |
Costs Subsequent to Acquisition / Construction | 431 |  |  |
Total Cost |  |  |  |
Land | 12,081 |  |  |
Building / Construction in Progress & Improvements | 42,049 |  |  |
Total | 54,130 |  |  |
Accumulated Depreciation | 7,488 |  |  |
Total Cost, Net of Accumulated Depreciation | 46,642 | 48,129 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Ballard |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 265 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 16,460 |  |  |
Building / Construction in Progress & Improvements | 46,926 |  |  |
Costs Subsequent to Acquisition / Construction | 985 |  |  |
Total Cost |  |  |  |
Land | 16,460 |  |  |
Building / Construction in Progress & Improvements | 47,911 |  |  |
Total | 64,371 |  |  |
Accumulated Depreciation | 6,478 |  |  |
Total Cost, Net of Accumulated Depreciation | 57,893 | 59,684 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA University District |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 283 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,594 |  |  |
Building / Construction in Progress & Improvements | 60,845 |  |  |
Costs Subsequent to Acquisition / Construction | 480 |  |  |
Total Cost |  |  |  |
Land | 12,594 |  |  |
Building / Construction in Progress & Improvements | 61,325 |  |  |
Total | 73,919 |  |  |
Accumulated Depreciation | 6,634 |  |  |
Total Cost, Net of Accumulated Depreciation | 67,285 | 69,274 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Redmond Campus |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 422 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 22,580 |  |  |
Building / Construction in Progress & Improvements | 88,001 |  |  |
Costs Subsequent to Acquisition / Construction | 5,994 |  |  |
Total Cost |  |  |  |
Land | 22,580 |  |  |
Building / Construction in Progress & Improvements | 93,995 |  |  |
Total | 116,575 |  |  |
Accumulated Depreciation | 17,418 |  |  |
Total Cost, Net of Accumulated Depreciation | 99,157 | 102,525 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Archstone Redmond Lakeview |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 166 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 10,250 |  |  |
Building / Construction in Progress & Improvements | 26,842 |  |  |
Costs Subsequent to Acquisition / Construction | 2,925 |  |  |
Total Cost |  |  |  |
Land | 10,250 |  |  |
Building / Construction in Progress & Improvements | 29,767 |  |  |
Total | 40,017 |  |  |
Accumulated Depreciation | 5,619 |  |  |
Total Cost, Net of Accumulated Depreciation | 34,398 | 34,617 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Campbell |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 348 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 11,830 |  |  |
Building / Construction in Progress & Improvements | 47,828 |  |  |
Costs Subsequent to Acquisition / Construction | 13,459 |  |  |
Total Cost |  |  |  |
Land | 11,830 |  |  |
Building / Construction in Progress & Improvements | 61,287 |  |  |
Total | 73,117 |  |  |
Accumulated Depreciation | 33,162 |  |  |
Total Cost, Net of Accumulated Depreciation | 39,955 | 42,162 |  |
Encumbrances | $ 38,800 |  |  |
Current Communities | Eaves San Jose |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 440 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,920 |  |  |
Building / Construction in Progress & Improvements | 53,047 |  |  |
Costs Subsequent to Acquisition / Construction | 18,869 |  |  |
Total Cost |  |  |  |
Land | 12,920 |  |  |
Building / Construction in Progress & Improvements | 71,916 |  |  |
Total | 84,836 |  |  |
Accumulated Depreciation | 33,693 |  |  |
Total Cost, Net of Accumulated Depreciation | 51,143 | 53,631 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon on the Alameda |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 305 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,119 |  |  |
Building / Construction in Progress & Improvements | 50,225 |  |  |
Costs Subsequent to Acquisition / Construction | 2,873 |  |  |
Total Cost |  |  |  |
Land | 6,119 |  |  |
Building / Construction in Progress & Improvements | 53,098 |  |  |
Total | 59,217 |  |  |
Accumulated Depreciation | 31,720 |  |  |
Total Cost, Net of Accumulated Depreciation | 27,497 | 28,335 |  |
Encumbrances | $ 49,930 |  |  |
Current Communities | Avalon Mountain View |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 248 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,755 |  |  |
Building / Construction in Progress & Improvements | 39,393 |  |  |
Costs Subsequent to Acquisition / Construction | 10,219 |  |  |
Total Cost |  |  |  |
Land | 9,755 |  |  |
Building / Construction in Progress & Improvements | 49,612 |  |  |
Total | 59,367 |  |  |
Accumulated Depreciation | 28,805 |  |  |
Total Cost, Net of Accumulated Depreciation | 30,562 | 31,930 |  |
Encumbrances | $ 17,300 |  |  |
Current Communities | Eaves Creekside |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 296 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,546 |  |  |
Building / Construction in Progress & Improvements | 26,263 |  |  |
Costs Subsequent to Acquisition / Construction | 21,312 |  |  |
Total Cost |  |  |  |
Land | 6,546 |  |  |
Building / Construction in Progress & Improvements | 47,575 |  |  |
Total | 54,121 |  |  |
Accumulated Depreciation | 24,129 |  |  |
Total Cost, Net of Accumulated Depreciation | 29,992 | 31,691 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Cahill Park |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 218 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,765 |  |  |
Building / Construction in Progress & Improvements | 47,600 |  |  |
Costs Subsequent to Acquisition / Construction | 1,775 |  |  |
Total Cost |  |  |  |
Land | 4,765 |  |  |
Building / Construction in Progress & Improvements | 49,375 |  |  |
Total | 54,140 |  |  |
Accumulated Depreciation | 24,304 |  |  |
Total Cost, Net of Accumulated Depreciation | 29,836 | 31,284 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Morrison Park [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 250 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 13,837 |  |  |
Building / Construction in Progress & Improvements | 64,534 |  |  |
Costs Subsequent to Acquisition / Construction | 60 |  |  |
Total Cost |  |  |  |
Land | 13,837 |  |  |
Building / Construction in Progress & Improvements | 64,594 |  |  |
Total | 78,431 |  |  |
Accumulated Depreciation | 6,429 |  |  |
Total Cost, Net of Accumulated Depreciation | 72,002 | 74,236 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Willow Glen |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 412 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 46,060 |  |  |
Building / Construction in Progress & Improvements | 81,957 |  |  |
Costs Subsequent to Acquisition / Construction | 4,137 |  |  |
Total Cost |  |  |  |
Land | 46,060 |  |  |
Building / Construction in Progress & Improvements | 86,094 |  |  |
Total | 132,154 |  |  |
Accumulated Depreciation | 16,506 |  |  |
Total Cost, Net of Accumulated Depreciation | 115,648 | 118,974 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves West Valley |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 873 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 90,890 |  |  |
Building / Construction in Progress & Improvements | 132,040 |  |  |
Costs Subsequent to Acquisition / Construction | 8,581 |  |  |
Total Cost |  |  |  |
Land | 90,890 |  |  |
Building / Construction in Progress & Improvements | 140,621 |  |  |
Total | 231,511 |  |  |
Accumulated Depreciation | 25,740 |  |  |
Total Cost, Net of Accumulated Depreciation | 205,771 | 209,788 |  |
Encumbrances | $ 146,696 |  |  |
Current Communities | Eaves Mountain View at Middlefield |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 402 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 64,070 |  |  |
Building / Construction in Progress & Improvements | 69,018 |  |  |
Costs Subsequent to Acquisition / Construction | 5,316 |  |  |
Total Cost |  |  |  |
Land | 64,070 |  |  |
Building / Construction in Progress & Improvements | 74,334 |  |  |
Total | 138,404 |  |  |
Accumulated Depreciation | 15,001 |  |  |
Total Cost, Net of Accumulated Depreciation | 123,403 | 126,006 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Fremont |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 308 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 10,746 |  |  |
Building / Construction in Progress & Improvements | 43,399 |  |  |
Costs Subsequent to Acquisition / Construction | 5,668 |  |  |
Total Cost |  |  |  |
Land | 10,746 |  |  |
Building / Construction in Progress & Improvements | 49,067 |  |  |
Total | 59,813 |  |  |
Accumulated Depreciation | 31,715 |  |  |
Total Cost, Net of Accumulated Depreciation | 28,098 | 29,516 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Pleasanton |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 456 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 11,610 |  |  |
Building / Construction in Progress & Improvements | 46,552 |  |  |
Costs Subsequent to Acquisition / Construction | 21,507 |  |  |
Total Cost |  |  |  |
Land | 11,610 |  |  |
Building / Construction in Progress & Improvements | 68,059 |  |  |
Total | 79,669 |  |  |
Accumulated Depreciation | 37,905 |  |  |
Total Cost, Net of Accumulated Depreciation | 41,764 | 43,952 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Union City |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 208 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,249 |  |  |
Building / Construction in Progress & Improvements | 16,820 |  |  |
Costs Subsequent to Acquisition / Construction | 3,166 |  |  |
Total Cost |  |  |  |
Land | 4,249 |  |  |
Building / Construction in Progress & Improvements | 19,986 |  |  |
Total | 24,235 |  |  |
Accumulated Depreciation | 12,893 |  |  |
Total Cost, Net of Accumulated Depreciation | 11,342 | 11,834 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Fremont |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 235 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,581 |  |  |
Building / Construction in Progress & Improvements | 26,583 |  |  |
Costs Subsequent to Acquisition / Construction | 9,797 |  |  |
Total Cost |  |  |  |
Land | 6,581 |  |  |
Building / Construction in Progress & Improvements | 36,380 |  |  |
Total | 42,961 |  |  |
Accumulated Depreciation | 21,576 |  |  |
Total Cost, Net of Accumulated Depreciation | 21,385 | 22,507 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Union City |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 439 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 14,732 |  |  |
Building / Construction in Progress & Improvements | 104,024 |  |  |
Costs Subsequent to Acquisition / Construction | 759 |  |  |
Total Cost |  |  |  |
Land | 14,732 |  |  |
Building / Construction in Progress & Improvements | 104,783 |  |  |
Total | 119,515 |  |  |
Accumulated Depreciation | 27,120 |  |  |
Total Cost, Net of Accumulated Depreciation | 92,395 | 96,048 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Walnut Creek |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 418 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 146,097 |  |  |
Costs Subsequent to Acquisition / Construction | 2,815 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 148,912 |  |  |
Total | 148,912 |  |  |
Accumulated Depreciation | 33,095 |  |  |
Total Cost, Net of Accumulated Depreciation | 115,817 | 120,512 |  |
Encumbrances | $ 3,420 |  |  |
Current Communities | Eaves Walnut Creek |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 510 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 30,320 |  |  |
Building / Construction in Progress & Improvements | 82,375 |  |  |
Costs Subsequent to Acquisition / Construction | 14,605 |  |  |
Total Cost |  |  |  |
Land | 30,320 |  |  |
Building / Construction in Progress & Improvements | 96,980 |  |  |
Total | 127,300 |  |  |
Accumulated Depreciation | 15,766 |  |  |
Total Cost, Net of Accumulated Depreciation | 111,534 | 111,669 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Walnut Ridge II |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 360 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 27,190 |  |  |
Building / Construction in Progress & Improvements | 57,041 |  |  |
Costs Subsequent to Acquisition / Construction | 3,801 |  |  |
Total Cost |  |  |  |
Land | 27,190 |  |  |
Building / Construction in Progress & Improvements | 60,842 |  |  |
Total | 88,032 |  |  |
Accumulated Depreciation | 11,211 |  |  |
Total Cost, Net of Accumulated Depreciation | 76,821 | 78,524 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Berkeley |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 94 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,500 |  |  |
Building / Construction in Progress & Improvements | 28,611 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 4,500 |  |  |
Building / Construction in Progress & Improvements | 28,611 |  |  |
Total | 33,111 |  |  |
Accumulated Depreciation | 2,504 |  |  |
Total Cost, Net of Accumulated Depreciation | 30,607 | 31,446 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Daly City |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 195 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,230 |  |  |
Building / Construction in Progress & Improvements | 9,659 |  |  |
Costs Subsequent to Acquisition / Construction | 19,017 |  |  |
Total Cost |  |  |  |
Land | 4,230 |  |  |
Building / Construction in Progress & Improvements | 28,676 |  |  |
Total | 32,906 |  |  |
Accumulated Depreciation | 16,733 |  |  |
Total Cost, Net of Accumulated Depreciation | 16,173 | 16,838 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Nob Hill |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 185 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,403 |  |  |
Building / Construction in Progress & Improvements | 21,567 |  |  |
Costs Subsequent to Acquisition / Construction | 7,067 |  |  |
Total Cost |  |  |  |
Land | 5,403 |  |  |
Building / Construction in Progress & Improvements | 28,634 |  |  |
Total | 34,037 |  |  |
Accumulated Depreciation | 16,057 |  |  |
Total Cost, Net of Accumulated Depreciation | 17,980 | 18,861 |  |
Encumbrances | $ 20,800 |  |  |
Current Communities | Eaves San Rafael |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 254 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,982 |  |  |
Building / Construction in Progress & Improvements | 16,885 |  |  |
Costs Subsequent to Acquisition / Construction | 24,604 |  |  |
Total Cost |  |  |  |
Land | 5,982 |  |  |
Building / Construction in Progress & Improvements | 41,489 |  |  |
Total | 47,471 |  |  |
Accumulated Depreciation | 20,782 |  |  |
Total Cost, Net of Accumulated Depreciation | 26,689 | 27,899 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Foster City |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 288 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,852 |  |  |
Building / Construction in Progress & Improvements | 31,445 |  |  |
Costs Subsequent to Acquisition / Construction | 11,296 |  |  |
Total Cost |  |  |  |
Land | 7,852 |  |  |
Building / Construction in Progress & Improvements | 42,741 |  |  |
Total | 50,593 |  |  |
Accumulated Depreciation | 24,153 |  |  |
Total Cost, Net of Accumulated Depreciation | 26,440 | 27,811 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Pacifica |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 220 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,125 |  |  |
Building / Construction in Progress & Improvements | 24,796 |  |  |
Costs Subsequent to Acquisition / Construction | 2,873 |  |  |
Total Cost |  |  |  |
Land | 6,125 |  |  |
Building / Construction in Progress & Improvements | 27,669 |  |  |
Total | 33,794 |  |  |
Accumulated Depreciation | 17,619 |  |  |
Total Cost, Net of Accumulated Depreciation | 16,175 | 17,057 |  |
Encumbrances | $ 17,600 |  |  |
Current Communities | Avalon Dublin Station |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 253 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,772 |  |  |
Building / Construction in Progress & Improvements | 72,067 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 7,772 |  |  |
Building / Construction in Progress & Improvements | 72,067 |  |  |
Total | 79,839 |  |  |
Accumulated Depreciation | 7,037 |  |  |
Total Cost, Net of Accumulated Depreciation | 72,802 | 74,302 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Sunset Towers |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 243 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 3,561 |  |  |
Building / Construction in Progress & Improvements | 21,321 |  |  |
Costs Subsequent to Acquisition / Construction | 15,463 |  |  |
Total Cost |  |  |  |
Land | 3,561 |  |  |
Building / Construction in Progress & Improvements | 36,784 |  |  |
Total | 40,345 |  |  |
Accumulated Depreciation | 18,526 |  |  |
Total Cost, Net of Accumulated Depreciation | 21,819 | 22,583 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Diamond Heights |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 154 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,726 |  |  |
Building / Construction in Progress & Improvements | 19,130 |  |  |
Costs Subsequent to Acquisition / Construction | 6,031 |  |  |
Total Cost |  |  |  |
Land | 4,726 |  |  |
Building / Construction in Progress & Improvements | 25,161 |  |  |
Total | 29,887 |  |  |
Accumulated Depreciation | 14,574 |  |  |
Total Cost, Net of Accumulated Depreciation | 15,313 | 15,928 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Mission Bay North |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 250 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 14,029 |  |  |
Building / Construction in Progress & Improvements | 78,452 |  |  |
Costs Subsequent to Acquisition / Construction | 3,302 |  |  |
Total Cost |  |  |  |
Land | 14,029 |  |  |
Building / Construction in Progress & Improvements | 81,754 |  |  |
Total | 95,783 |  |  |
Accumulated Depreciation | 38,957 |  |  |
Total Cost, Net of Accumulated Depreciation | 56,826 | 59,334 |  |
Encumbrances | $ 67,772 |  |  |
Current Communities | Avalon at Mission Bay III |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 260 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 28,687 |  |  |
Building / Construction in Progress & Improvements | 119,156 |  |  |
Costs Subsequent to Acquisition / Construction | 300 |  |  |
Total Cost |  |  |  |
Land | 28,687 |  |  |
Building / Construction in Progress & Improvements | 119,456 |  |  |
Total | 148,143 |  |  |
Accumulated Depreciation | 31,052 |  |  |
Total Cost, Net of Accumulated Depreciation | 117,091 | 120,981 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Ocean Avenue |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 173 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,544 |  |  |
Building / Construction in Progress & Improvements | 50,906 |  |  |
Costs Subsequent to Acquisition / Construction | 1,783 |  |  |
Total Cost |  |  |  |
Land | 5,544 |  |  |
Building / Construction in Progress & Improvements | 52,689 |  |  |
Total | 58,233 |  |  |
Accumulated Depreciation | 8,653 |  |  |
Total Cost, Net of Accumulated Depreciation | 49,580 | 51,446 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA 55 Ninth |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 273 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 20,267 |  |  |
Building / Construction in Progress & Improvements | 97,321 |  |  |
Costs Subsequent to Acquisition / Construction | 1,235 |  |  |
Total Cost |  |  |  |
Land | 20,267 |  |  |
Building / Construction in Progress & Improvements | 98,556 |  |  |
Total | 118,823 |  |  |
Accumulated Depreciation | 9,409 |  |  |
Total Cost, Net of Accumulated Depreciation | 109,414 | 112,904 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon San Bruno I |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 300 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 40,780 |  |  |
Building / Construction in Progress & Improvements | 68,684 |  |  |
Costs Subsequent to Acquisition / Construction | 3,464 |  |  |
Total Cost |  |  |  |
Land | 40,780 |  |  |
Building / Construction in Progress & Improvements | 72,148 |  |  |
Total | 112,928 |  |  |
Accumulated Depreciation | 12,654 |  |  |
Total Cost, Net of Accumulated Depreciation | 100,274 | 102,464 |  |
Encumbrances | $ 64,450 |  |  |
Current Communities | Avalon San Bruno II |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 185 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 23,787 |  |  |
Building / Construction in Progress & Improvements | 44,934 |  |  |
Costs Subsequent to Acquisition / Construction | 1,792 |  |  |
Total Cost |  |  |  |
Land | 23,787 |  |  |
Building / Construction in Progress & Improvements | 46,726 |  |  |
Total | 70,513 |  |  |
Accumulated Depreciation | 7,634 |  |  |
Total Cost, Net of Accumulated Depreciation | 62,879 | 64,310 |  |
Encumbrances | $ 30,001 |  |  |
Current Communities | Avalon San Bruno III |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 187 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 33,303 |  |  |
Building / Construction in Progress & Improvements | 62,910 |  |  |
Costs Subsequent to Acquisition / Construction | 2,743 |  |  |
Total Cost |  |  |  |
Land | 33,303 |  |  |
Building / Construction in Progress & Improvements | 65,653 |  |  |
Total | 98,956 |  |  |
Accumulated Depreciation | 10,713 |  |  |
Total Cost, Net of Accumulated Depreciation | 88,243 | 90,108 |  |
Encumbrances | $ 54,408 |  |  |
Current Communities | AVA Burbank |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 748 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 22,483 |  |  |
Building / Construction in Progress & Improvements | 28,104 |  |  |
Costs Subsequent to Acquisition / Construction | 48,244 |  |  |
Total Cost |  |  |  |
Land | 22,483 |  |  |
Building / Construction in Progress & Improvements | 76,348 |  |  |
Total | 98,831 |  |  |
Accumulated Depreciation | 37,963 |  |  |
Total Cost, Net of Accumulated Depreciation | 60,868 | 63,710 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Woodland Hills |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 663 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 23,828 |  |  |
Building / Construction in Progress & Improvements | 40,372 |  |  |
Costs Subsequent to Acquisition / Construction | 48,635 |  |  |
Total Cost |  |  |  |
Land | 23,828 |  |  |
Building / Construction in Progress & Improvements | 89,007 |  |  |
Total | 112,835 |  |  |
Accumulated Depreciation | 42,401 |  |  |
Total Cost, Net of Accumulated Depreciation | 70,434 | 72,111 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Warner Center |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 227 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,045 |  |  |
Building / Construction in Progress & Improvements | 12,986 |  |  |
Costs Subsequent to Acquisition / Construction | 9,555 |  |  |
Total Cost |  |  |  |
Land | 7,045 |  |  |
Building / Construction in Progress & Improvements | 22,541 |  |  |
Total | 29,586 |  |  |
Accumulated Depreciation | 14,995 |  |  |
Total Cost, Net of Accumulated Depreciation | 14,591 | 15,589 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Glendale |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 223 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 42,564 |  |  |
Costs Subsequent to Acquisition / Construction | 1,620 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 44,184 |  |  |
Total | 44,184 |  |  |
Accumulated Depreciation | 20,062 |  |  |
Total Cost, Net of Accumulated Depreciation | 24,122 | 25,401 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Burbank |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 400 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 14,053 |  |  |
Building / Construction in Progress & Improvements | 56,827 |  |  |
Costs Subsequent to Acquisition / Construction | 24,294 |  |  |
Total Cost |  |  |  |
Land | 14,053 |  |  |
Building / Construction in Progress & Improvements | 81,121 |  |  |
Total | 95,174 |  |  |
Accumulated Depreciation | 34,847 |  |  |
Total Cost, Net of Accumulated Depreciation | 60,327 | 62,757 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Camarillo |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 249 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,446 |  |  |
Building / Construction in Progress & Improvements | 40,290 |  |  |
Costs Subsequent to Acquisition / Construction | 628 |  |  |
Total Cost |  |  |  |
Land | 8,446 |  |  |
Building / Construction in Progress & Improvements | 40,918 |  |  |
Total | 49,364 |  |  |
Accumulated Depreciation | 14,959 |  |  |
Total Cost, Net of Accumulated Depreciation | 34,405 | 35,571 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Wilshire |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 123 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,459 |  |  |
Building / Construction in Progress & Improvements | 41,182 |  |  |
Costs Subsequent to Acquisition / Construction | 1,176 |  |  |
Total Cost |  |  |  |
Land | 5,459 |  |  |
Building / Construction in Progress & Improvements | 42,358 |  |  |
Total | 47,817 |  |  |
Accumulated Depreciation | 14,216 |  |  |
Total Cost, Net of Accumulated Depreciation | 33,601 | 34,959 |  |
Encumbrances | $ 61,268 |  |  |
Current Communities | Avalon Encino |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 131 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,789 |  |  |
Building / Construction in Progress & Improvements | 49,073 |  |  |
Costs Subsequent to Acquisition / Construction | 803 |  |  |
Total Cost |  |  |  |
Land | 12,789 |  |  |
Building / Construction in Progress & Improvements | 49,876 |  |  |
Total | 62,665 |  |  |
Accumulated Depreciation | 14,253 |  |  |
Total Cost, Net of Accumulated Depreciation | 48,412 | 49,863 |  |
Encumbrances | $ 33,882 |  |  |
Current Communities | Avalon Warner Place |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 210 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,920 |  |  |
Building / Construction in Progress & Improvements | 44,845 |  |  |
Costs Subsequent to Acquisition / Construction | 535 |  |  |
Total Cost |  |  |  |
Land | 7,920 |  |  |
Building / Construction in Progress & Improvements | 45,380 |  |  |
Total | 53,300 |  |  |
Accumulated Depreciation | 13,573 |  |  |
Total Cost, Net of Accumulated Depreciation | 39,727 | 40,914 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Phillips Ranch |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 501 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,796 |  |  |
Building / Construction in Progress & Improvements | 41,740 |  |  |
Costs Subsequent to Acquisition / Construction | 1,141 |  |  |
Total Cost |  |  |  |
Land | 9,796 |  |  |
Building / Construction in Progress & Improvements | 42,881 |  |  |
Total | 52,677 |  |  |
Accumulated Depreciation | 8,619 |  |  |
Total Cost, Net of Accumulated Depreciation | 44,058 | 44,927 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves San Dimas |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 102 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 1,916 |  |  |
Building / Construction in Progress & Improvements | 7,819 |  |  |
Costs Subsequent to Acquisition / Construction | 1,265 |  |  |
Total Cost |  |  |  |
Land | 1,916 |  |  |
Building / Construction in Progress & Improvements | 9,084 |  |  |
Total | 11,000 |  |  |
Accumulated Depreciation | 1,786 |  |  |
Total Cost, Net of Accumulated Depreciation | 9,214 | 9,381 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves San Dimas Canyon |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 156 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,953 |  |  |
Building / Construction in Progress & Improvements | 12,428 |  |  |
Costs Subsequent to Acquisition / Construction | 529 |  |  |
Total Cost |  |  |  |
Land | 2,953 |  |  |
Building / Construction in Progress & Improvements | 12,957 |  |  |
Total | 15,910 |  |  |
Accumulated Depreciation | 2,621 |  |  |
Total Cost, Net of Accumulated Depreciation | 13,289 | 13,568 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Pasadena |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 84 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,400 |  |  |
Building / Construction in Progress & Improvements | 11,547 |  |  |
Costs Subsequent to Acquisition / Construction | 5,513 |  |  |
Total Cost |  |  |  |
Land | 8,400 |  |  |
Building / Construction in Progress & Improvements | 17,060 |  |  |
Total | 25,460 |  |  |
Accumulated Depreciation | 2,581 |  |  |
Total Cost, Net of Accumulated Depreciation | 22,879 | 23,511 |  |
Encumbrances | $ 11,287 |  |  |
Current Communities | Eaves Cerritos |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 151 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,305 |  |  |
Building / Construction in Progress & Improvements | 21,195 |  |  |
Costs Subsequent to Acquisition / Construction | 1,431 |  |  |
Total Cost |  |  |  |
Land | 8,305 |  |  |
Building / Construction in Progress & Improvements | 22,626 |  |  |
Total | 30,931 |  |  |
Accumulated Depreciation | 3,588 |  |  |
Total Cost, Net of Accumulated Depreciation | 27,343 | 28,143 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Del Rey |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 309 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 30,900 |  |  |
Building / Construction in Progress & Improvements | 72,008 |  |  |
Costs Subsequent to Acquisition / Construction | 2,303 |  |  |
Total Cost |  |  |  |
Land | 30,900 |  |  |
Building / Construction in Progress & Improvements | 74,311 |  |  |
Total | 105,211 |  |  |
Accumulated Depreciation | 11,435 |  |  |
Total Cost, Net of Accumulated Depreciation | 93,776 | 96,612 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon San Dimas |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 156 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,141 |  |  |
Building / Construction in Progress & Improvements | 30,727 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 9,141 |  |  |
Building / Construction in Progress & Improvements | 30,727 |  |  |
Total | 39,868 |  |  |
Accumulated Depreciation | 2,618 |  |  |
Total Cost, Net of Accumulated Depreciation | 37,250 | 38,391 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Mission Oaks |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 160 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,600 |  |  |
Building / Construction in Progress & Improvements | 35,842 |  |  |
Costs Subsequent to Acquisition / Construction | 2,943 |  |  |
Total Cost |  |  |  |
Land | 9,600 |  |  |
Building / Construction in Progress & Improvements | 38,785 |  |  |
Total | 48,385 |  |  |
Accumulated Depreciation | 4,104 |  |  |
Total Cost, Net of Accumulated Depreciation | 44,281 | 44,423 |  |
Encumbrances | $ 19,545 |  |  |
Current Communities | Avalon Simi Valley |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 500 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 42,020 |  |  |
Building / Construction in Progress & Improvements | 73,361 |  |  |
Costs Subsequent to Acquisition / Construction | 4,705 |  |  |
Total Cost |  |  |  |
Land | 42,020 |  |  |
Building / Construction in Progress & Improvements | 78,066 |  |  |
Total | 120,086 |  |  |
Accumulated Depreciation | 14,611 |  |  |
Total Cost, Net of Accumulated Depreciation | 105,475 | 108,062 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Studio City II |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 101 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,626 |  |  |
Building / Construction in Progress & Improvements | 22,954 |  |  |
Costs Subsequent to Acquisition / Construction | 1,502 |  |  |
Total Cost |  |  |  |
Land | 4,626 |  |  |
Building / Construction in Progress & Improvements | 24,456 |  |  |
Total | 29,082 |  |  |
Accumulated Depreciation | 4,234 |  |  |
Total Cost, Net of Accumulated Depreciation | 24,848 | 25,449 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Studio City |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 276 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 15,756 |  |  |
Building / Construction in Progress & Improvements | 78,178 |  |  |
Costs Subsequent to Acquisition / Construction | 4,501 |  |  |
Total Cost |  |  |  |
Land | 15,756 |  |  |
Building / Construction in Progress & Improvements | 82,679 |  |  |
Total | 98,435 |  |  |
Accumulated Depreciation | 14,193 |  |  |
Total Cost, Net of Accumulated Depreciation | 84,242 | 86,237 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Calabasas |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 600 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 42,720 |  |  |
Building / Construction in Progress & Improvements | 107,642 |  |  |
Costs Subsequent to Acquisition / Construction | 9,215 |  |  |
Total Cost |  |  |  |
Land | 42,720 |  |  |
Building / Construction in Progress & Improvements | 116,857 |  |  |
Total | 159,577 |  |  |
Accumulated Depreciation | 23,066 |  |  |
Total Cost, Net of Accumulated Depreciation | 136,511 | 140,486 |  |
Encumbrances | $ 97,980 |  |  |
Current Communities | Avalon Oak Creek |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 336 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 43,540 |  |  |
Building / Construction in Progress & Improvements | 79,974 |  |  |
Costs Subsequent to Acquisition / Construction | 5,314 |  |  |
Total Cost |  |  |  |
Land | 43,540 |  |  |
Building / Construction in Progress & Improvements | 85,288 |  |  |
Total | 128,828 |  |  |
Accumulated Depreciation | 17,548 |  |  |
Total Cost, Net of Accumulated Depreciation | 111,280 | 114,645 |  |
Encumbrances | $ 69,696 |  |  |
Current Communities | Avalon Del Mar Station |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 347 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 20,560 |  |  |
Building / Construction in Progress & Improvements | 106,556 |  |  |
Costs Subsequent to Acquisition / Construction | 3,459 |  |  |
Total Cost |  |  |  |
Land | 20,560 |  |  |
Building / Construction in Progress & Improvements | 110,015 |  |  |
Total | 130,575 |  |  |
Accumulated Depreciation | 17,007 |  |  |
Total Cost, Net of Accumulated Depreciation | 113,568 | 117,160 |  |
Encumbrances | $ 70,854 |  |  |
Current Communities | Eaves Old Town Pasadena |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 96 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,110 |  |  |
Building / Construction in Progress & Improvements | 15,371 |  |  |
Costs Subsequent to Acquisition / Construction | 1,510 |  |  |
Total Cost |  |  |  |
Land | 9,110 |  |  |
Building / Construction in Progress & Improvements | 16,881 |  |  |
Total | 25,991 |  |  |
Accumulated Depreciation | 3,347 |  |  |
Total Cost, Net of Accumulated Depreciation | 22,644 | 23,171 |  |
Encumbrances | $ 14,120 |  |  |
Current Communities | Eaves Thousand Oaks |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 154 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 13,950 |  |  |
Building / Construction in Progress & Improvements | 20,211 |  |  |
Costs Subsequent to Acquisition / Construction | 2,468 |  |  |
Total Cost |  |  |  |
Land | 13,950 |  |  |
Building / Construction in Progress & Improvements | 22,679 |  |  |
Total | 36,629 |  |  |
Accumulated Depreciation | 5,143 |  |  |
Total Cost, Net of Accumulated Depreciation | 31,486 | 32,148 |  |
Encumbrances | $ 26,392 |  |  |
Current Communities | Eaves Los Feliz |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 263 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 18,940 |  |  |
Building / Construction in Progress & Improvements | 43,661 |  |  |
Costs Subsequent to Acquisition / Construction | 3,772 |  |  |
Total Cost |  |  |  |
Land | 18,940 |  |  |
Building / Construction in Progress & Improvements | 47,433 |  |  |
Total | 66,373 |  |  |
Accumulated Depreciation | 8,810 |  |  |
Total Cost, Net of Accumulated Depreciation | 57,563 | 58,938 |  |
Encumbrances | $ 41,302 |  |  |
Current Communities | Eaves Woodland Hills |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 883 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 68,940 |  |  |
Building / Construction in Progress & Improvements | 90,549 |  |  |
Costs Subsequent to Acquisition / Construction | 10,439 |  |  |
Total Cost |  |  |  |
Land | 68,940 |  |  |
Building / Construction in Progress & Improvements | 100,988 |  |  |
Total | 169,928 |  |  |
Accumulated Depreciation | 21,061 |  |  |
Total Cost, Net of Accumulated Depreciation | 148,867 | 151,841 |  |
Encumbrances | $ 98,732 |  |  |
Current Communities | Avalon Thousand Oaks Plaza |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 148 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,810 |  |  |
Building / Construction in Progress & Improvements | 22,581 |  |  |
Costs Subsequent to Acquisition / Construction | 2,006 |  |  |
Total Cost |  |  |  |
Land | 12,810 |  |  |
Building / Construction in Progress & Improvements | 24,587 |  |  |
Total | 37,397 |  |  |
Accumulated Depreciation | 5,140 |  |  |
Total Cost, Net of Accumulated Depreciation | 32,257 | 33,092 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Newport [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 145 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 1,975 |  |  |
Building / Construction in Progress & Improvements | 3,814 |  |  |
Costs Subsequent to Acquisition / Construction | 9,838 |  |  |
Total Cost |  |  |  |
Land | 1,975 |  |  |
Building / Construction in Progress & Improvements | 13,652 |  |  |
Total | 15,627 |  |  |
Accumulated Depreciation | 6,497 |  |  |
Total Cost, Net of Accumulated Depreciation | 9,130 | 9,592 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Mission Viejo |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 166 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,517 |  |  |
Building / Construction in Progress & Improvements | 9,257 |  |  |
Costs Subsequent to Acquisition / Construction | 3,520 |  |  |
Total Cost |  |  |  |
Land | 2,517 |  |  |
Building / Construction in Progress & Improvements | 12,777 |  |  |
Total | 15,294 |  |  |
Accumulated Depreciation | 8,149 |  |  |
Total Cost, Net of Accumulated Depreciation | 7,145 | 7,676 |  |
Encumbrances | $ 7,635 |  |  |
Current Communities | Eaves South Coast |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 258 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,709 |  |  |
Building / Construction in Progress & Improvements | 16,063 |  |  |
Costs Subsequent to Acquisition / Construction | 12,933 |  |  |
Total Cost |  |  |  |
Land | 4,709 |  |  |
Building / Construction in Progress & Improvements | 28,996 |  |  |
Total | 33,705 |  |  |
Accumulated Depreciation | 15,876 |  |  |
Total Cost, Net of Accumulated Depreciation | 17,829 | 18,770 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Santa Margarita |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 301 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,607 |  |  |
Building / Construction in Progress & Improvements | 16,911 |  |  |
Costs Subsequent to Acquisition / Construction | 10,526 |  |  |
Total Cost |  |  |  |
Land | 4,607 |  |  |
Building / Construction in Progress & Improvements | 27,437 |  |  |
Total | 32,044 |  |  |
Accumulated Depreciation | 14,820 |  |  |
Total Cost, Net of Accumulated Depreciation | 17,224 | 18,166 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Huntington Beach |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 304 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,871 |  |  |
Building / Construction in Progress & Improvements | 19,745 |  |  |
Costs Subsequent to Acquisition / Construction | 10,172 |  |  |
Total Cost |  |  |  |
Land | 4,871 |  |  |
Building / Construction in Progress & Improvements | 29,917 |  |  |
Total | 34,788 |  |  |
Accumulated Depreciation | 18,824 |  |  |
Total Cost, Net of Accumulated Depreciation | 15,964 | 16,503 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Anaheim Stadium |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 251 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 27,874 |  |  |
Building / Construction in Progress & Improvements | 69,156 |  |  |
Costs Subsequent to Acquisition / Construction | 1,255 |  |  |
Total Cost |  |  |  |
Land | 27,874 |  |  |
Building / Construction in Progress & Improvements | 70,411 |  |  |
Total | 98,285 |  |  |
Accumulated Depreciation | 19,330 |  |  |
Total Cost, Net of Accumulated Depreciation | 78,955 | 80,804 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Irvine I |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 279 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,911 |  |  |
Building / Construction in Progress & Improvements | 67,520 |  |  |
Costs Subsequent to Acquisition / Construction | 586 |  |  |
Total Cost |  |  |  |
Land | 9,911 |  |  |
Building / Construction in Progress & Improvements | 68,106 |  |  |
Total | 78,017 |  |  |
Accumulated Depreciation | 17,323 |  |  |
Total Cost, Net of Accumulated Depreciation | 60,694 | 62,562 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Irvine II |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 179 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,358 |  |  |
Building / Construction in Progress & Improvements | 40,906 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 4,358 |  |  |
Building / Construction in Progress & Improvements | 40,906 |  |  |
Total | 45,264 |  |  |
Accumulated Depreciation | 5,729 |  |  |
Total Cost, Net of Accumulated Depreciation | 39,535 | 41,023 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Lake Forest |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 225 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,199 |  |  |
Building / Construction in Progress & Improvements | 21,134 |  |  |
Costs Subsequent to Acquisition / Construction | 2,272 |  |  |
Total Cost |  |  |  |
Land | 5,199 |  |  |
Building / Construction in Progress & Improvements | 23,406 |  |  |
Total | 28,605 |  |  |
Accumulated Depreciation | 4,735 |  |  |
Total Cost, Net of Accumulated Depreciation | 23,870 | 24,598 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Seal Beach |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 549 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 46,790 |  |  |
Building / Construction in Progress & Improvements | 99,999 |  |  |
Costs Subsequent to Acquisition / Construction | 4,847 |  |  |
Total Cost |  |  |  |
Land | 46,790 |  |  |
Building / Construction in Progress & Improvements | 104,846 |  |  |
Total | 151,636 |  |  |
Accumulated Depreciation | 18,977 |  |  |
Total Cost, Net of Accumulated Depreciation | 132,659 | 136,470 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Mission Ridge |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 200 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,710 |  |  |
Building / Construction in Progress & Improvements | 10,924 |  |  |
Costs Subsequent to Acquisition / Construction | 11,846 |  |  |
Total Cost |  |  |  |
Land | 2,710 |  |  |
Building / Construction in Progress & Improvements | 22,770 |  |  |
Total | 25,480 |  |  |
Accumulated Depreciation | 13,784 |  |  |
Total Cost, Net of Accumulated Depreciation | 11,696 | 12,004 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Cortez Hill |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 299 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,768 |  |  |
Building / Construction in Progress & Improvements | 20,134 |  |  |
Costs Subsequent to Acquisition / Construction | 23,568 |  |  |
Total Cost |  |  |  |
Land | 2,768 |  |  |
Building / Construction in Progress & Improvements | 43,702 |  |  |
Total | 46,470 |  |  |
Accumulated Depreciation | 21,927 |  |  |
Total Cost, Net of Accumulated Depreciation | 24,543 | 26,003 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Fashion Valley |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 161 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 19,627 |  |  |
Building / Construction in Progress & Improvements | 44,972 |  |  |
Costs Subsequent to Acquisition / Construction | 598 |  |  |
Total Cost |  |  |  |
Land | 19,627 |  |  |
Building / Construction in Progress & Improvements | 45,570 |  |  |
Total | 65,197 |  |  |
Accumulated Depreciation | 13,011 |  |  |
Total Cost, Net of Accumulated Depreciation | 52,186 | 53,513 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Rancho Penasquitos |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 250 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 6,692 |  |  |
Building / Construction in Progress & Improvements | 27,143 |  |  |
Costs Subsequent to Acquisition / Construction | 2,679 |  |  |
Total Cost |  |  |  |
Land | 6,692 |  |  |
Building / Construction in Progress & Improvements | 29,822 |  |  |
Total | 36,514 |  |  |
Accumulated Depreciation | 5,787 |  |  |
Total Cost, Net of Accumulated Depreciation | 30,727 | 31,147 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves La Mesa |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 168 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,490 |  |  |
Building / Construction in Progress & Improvements | 28,482 |  |  |
Costs Subsequent to Acquisition / Construction | 1,694 |  |  |
Total Cost |  |  |  |
Land | 9,490 |  |  |
Building / Construction in Progress & Improvements | 30,176 |  |  |
Total | 39,666 |  |  |
Accumulated Depreciation | 5,826 |  |  |
Total Cost, Net of Accumulated Depreciation | 33,840 | 34,813 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves Dublin |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 204 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,276 |  |  |
Building / Construction in Progress & Improvements | 19,642 |  |  |
Costs Subsequent to Acquisition / Construction | 12,363 |  |  |
Total Cost |  |  |  |
Land | 5,276 |  |  |
Building / Construction in Progress & Improvements | 32,005 |  |  |
Total | 37,281 |  |  |
Accumulated Depreciation | 16,628 |  |  |
Total Cost, Net of Accumulated Depreciation | 20,653 | 21,831 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Pacific Beach |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 564 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,922 |  |  |
Building / Construction in Progress & Improvements | 40,580 |  |  |
Costs Subsequent to Acquisition / Construction | 40,819 |  |  |
Total Cost |  |  |  |
Land | 9,922 |  |  |
Building / Construction in Progress & Improvements | 81,399 |  |  |
Total | 91,321 |  |  |
Accumulated Depreciation | 38,097 |  |  |
Total Cost, Net of Accumulated Depreciation | 53,224 | 55,522 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Little Tokyo |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 280 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 14,734 |  |  |
Building / Construction in Progress & Improvements | 93,985 |  |  |
Costs Subsequent to Acquisition / Construction | 318 |  |  |
Total Cost |  |  |  |
Land | 14,734 |  |  |
Building / Construction in Progress & Improvements | 94,303 |  |  |
Total | 109,037 |  |  |
Accumulated Depreciation | 7,123 |  |  |
Total Cost, Net of Accumulated Depreciation | 101,914 | 104,796 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Eaves San Marcos |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 184 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 3,277 |  |  |
Building / Construction in Progress & Improvements | 13,385 |  |  |
Costs Subsequent to Acquisition / Construction | 4,601 |  |  |
Total Cost |  |  |  |
Land | 3,277 |  |  |
Building / Construction in Progress & Improvements | 17,986 |  |  |
Total | 21,263 |  |  |
Accumulated Depreciation | 2,961 |  |  |
Total Cost, Net of Accumulated Depreciation | 18,302 | 15,267 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Hayes Valley |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 182 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,594 |  |  |
Building / Construction in Progress & Improvements | 81,104 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 12,594 |  |  |
Building / Construction in Progress & Improvements | 81,104 |  |  |
Total | 93,698 |  |  |
Accumulated Depreciation | 4,953 |  |  |
Total Cost, Net of Accumulated Depreciation | 88,745 | 90,402 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Vista |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 221 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,686 |  |  |
Building / Construction in Progress & Improvements | 43,409 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 12,686 |  |  |
Building / Construction in Progress & Improvements | 43,409 |  |  |
Total | 56,095 |  |  |
Accumulated Depreciation | 2,583 |  |  |
Total Cost, Net of Accumulated Depreciation | 53,512 | 54,459 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Baker Ranch |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 430 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 31,687 |  |  |
Building / Construction in Progress & Improvements | 98,499 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 31,687 |  |  |
Building / Construction in Progress & Improvements | 98,499 |  |  |
Total | 130,186 |  |  |
Accumulated Depreciation | 5,744 |  |  |
Total Cost, Net of Accumulated Depreciation | 124,442 | 126,925 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Studio 77 [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 156 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 18,408 |  |  |
Building / Construction in Progress & Improvements | 49,485 |  |  |
Costs Subsequent to Acquisition / Construction | 4,069 |  |  |
Total Cost |  |  |  |
Land | 18,408 |  |  |
Building / Construction in Progress & Improvements | 53,554 |  |  |
Total | 71,962 |  |  |
Accumulated Depreciation | 1,146 |  |  |
Total Cost, Net of Accumulated Depreciation | 70,816 |  |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Santa Monica on Main |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 133 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 32,000 |  |  |
Building / Construction in Progress & Improvements | 60,770 |  |  |
Costs Subsequent to Acquisition / Construction | 12,677 |  |  |
Total Cost |  |  |  |
Land | 32,000 |  |  |
Building / Construction in Progress & Improvements | 73,447 |  |  |
Total | 105,447 |  |  |
Accumulated Depreciation | 11,230 |  |  |
Total Cost, Net of Accumulated Depreciation | 94,217 | 95,038 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon La Jolla Colony |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 180 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 16,760 |  |  |
Building / Construction in Progress & Improvements | 27,694 |  |  |
Costs Subsequent to Acquisition / Construction | 12,222 |  |  |
Total Cost |  |  |  |
Land | 16,760 |  |  |
Building / Construction in Progress & Improvements | 39,916 |  |  |
Total | 56,676 |  |  |
Accumulated Depreciation | 6,293 |  |  |
Total Cost, Net of Accumulated Depreciation | 50,383 | 43,289 |  |
Encumbrances | $ 26,682 |  |  |
Current Communities | Avalon Walnut Ridge I |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 106 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,860 |  |  |
Building / Construction in Progress & Improvements | 19,850 |  |  |
Costs Subsequent to Acquisition / Construction | 5,038 |  |  |
Total Cost |  |  |  |
Land | 9,860 |  |  |
Building / Construction in Progress & Improvements | 24,888 |  |  |
Total | 34,748 |  |  |
Accumulated Depreciation | 3,827 |  |  |
Total Cost, Net of Accumulated Depreciation | 30,921 | 29,351 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Oakwood Toluca Hills [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 1,151 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 86,450 |  |  |
Building / Construction in Progress & Improvements | 161,256 |  |  |
Costs Subsequent to Acquisition / Construction | 13,106 |  |  |
Total Cost |  |  |  |
Land | 86,450 |  |  |
Building / Construction in Progress & Improvements | 174,362 |  |  |
Total | 260,812 |  |  |
Accumulated Depreciation | 32,998 |  |  |
Total Cost, Net of Accumulated Depreciation | 227,814 | 231,169 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Pasadena |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 120 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 10,240 |  |  |
Building / Construction in Progress & Improvements | 31,558 |  |  |
Costs Subsequent to Acquisition / Construction | 6,683 |  |  |
Total Cost |  |  |  |
Land | 10,240 |  |  |
Building / Construction in Progress & Improvements | 38,241 |  |  |
Total | 48,481 |  |  |
Accumulated Depreciation | 5,901 |  |  |
Total Cost, Net of Accumulated Depreciation | 42,580 | 39,890 |  |
Encumbrances | $ 25,805 |  |  |
Current Communities | AVA Back Bay [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 271 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,034 |  |  |
Building / Construction in Progress & Improvements | 36,540 |  |  |
Costs Subsequent to Acquisition / Construction | 46,284 |  |  |
Total Cost |  |  |  |
Land | 9,034 |  |  |
Building / Construction in Progress & Improvements | 82,824 |  |  |
Total | 91,858 |  |  |
Accumulated Depreciation | 31,158 |  |  |
Total Cost, Net of Accumulated Depreciation | 60,700 | 56,462 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Wharton |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 247 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,273 |  |  |
Building / Construction in Progress & Improvements | 48,608 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 2,273 |  |  |
Building / Construction in Progress & Improvements | 48,608 |  |  |
Total | 50,881 |  |  |
Accumulated Depreciation | 3,426 |  |  |
Total Cost, Net of Accumulated Depreciation | 47,455 | 49,079 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Roseland |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 136 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 11,281 |  |  |
Building / Construction in Progress & Improvements | 34,814 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 11,281 |  |  |
Building / Construction in Progress & Improvements | 34,814 |  |  |
Total | 46,095 |  |  |
Accumulated Depreciation | 2,017 |  |  |
Total Cost, Net of Accumulated Depreciation | 44,078 | 45,016 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Hoboken [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 217 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 37,237 |  |  |
Building / Construction in Progress & Improvements | 86,508 |  |  |
Costs Subsequent to Acquisition / Construction | 8,660 |  |  |
Total Cost |  |  |  |
Land | 37,237 |  |  |
Building / Construction in Progress & Improvements | 95,168 |  |  |
Total | 132,405 |  |  |
Accumulated Depreciation | 7,970 |  |  |
Total Cost, Net of Accumulated Depreciation | 124,435 |  |  |
Encumbrances | $ 67,904 |  |  |
Current Communities | Avalon Towers [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 109 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 3,118 |  |  |
Building / Construction in Progress & Improvements | 11,973 |  |  |
Costs Subsequent to Acquisition / Construction | 20,790 |  |  |
Total Cost |  |  |  |
Land | 3,118 |  |  |
Building / Construction in Progress & Improvements | 32,763 |  |  |
Total | 35,881 |  |  |
Accumulated Depreciation | 14,106 |  |  |
Total Cost, Net of Accumulated Depreciation | 21,775 | 22,465 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Riverview North [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 602 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 166,099 |  |  |
Costs Subsequent to Acquisition / Construction | 9,907 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 176,006 |  |  |
Total | 176,006 |  |  |
Accumulated Depreciation | 53,588 |  |  |
Total Cost, Net of Accumulated Depreciation | 122,418 | 121,052 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon West Chelsea [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 305 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 123,066 |  |  |
Costs Subsequent to Acquisition / Construction | 31 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 123,097 |  |  |
Total | 123,097 |  |  |
Accumulated Depreciation | 20,277 |  |  |
Total Cost, Net of Accumulated Depreciation | 102,820 | 109,020 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Archstone Lexington |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 222 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,540 |  |  |
Building / Construction in Progress & Improvements | 25,946 |  |  |
Costs Subsequent to Acquisition / Construction | 1,937 |  |  |
Total Cost |  |  |  |
Land | 4,540 |  |  |
Building / Construction in Progress & Improvements | 27,883 |  |  |
Total | 32,423 |  |  |
Accumulated Depreciation | 5,754 |  |  |
Total Cost, Net of Accumulated Depreciation | 26,669 | 27,706 |  |
Encumbrances | $ 21,601 |  |  |
Current Communities | Archstone Toscano |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 474 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 15,607 |  |  |
Building / Construction in Progress & Improvements | 72,473 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 15,607 |  |  |
Building / Construction in Progress & Improvements | 72,473 |  |  |
Total | 88,080 |  |  |
Accumulated Depreciation | 8,261 |  |  |
Total Cost, Net of Accumulated Depreciation | 79,819 | 82,155 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Memorial Heights Villages |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 318 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,607 |  |  |
Building / Construction in Progress & Improvements | 44,587 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 9,607 |  |  |
Building / Construction in Progress & Improvements | 44,587 |  |  |
Total | 54,194 |  |  |
Accumulated Depreciation | 5,686 |  |  |
Total Cost, Net of Accumulated Depreciation | 48,508 | 50,311 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Mosaic |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 531 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 33,490 |  |  |
Building / Construction in Progress & Improvements | 75,802 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 33,490 |  |  |
Building / Construction in Progress & Improvements | 75,802 |  |  |
Total | 109,292 |  |  |
Accumulated Depreciation | 7,655 |  |  |
Total Cost, Net of Accumulated Depreciation | 101,637 | 104,300 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Potomac Yard [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 323 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 24,225 |  |  |
Building / Construction in Progress & Improvements | 76,633 |  |  |
Costs Subsequent to Acquisition / Construction | 7,849 |  |  |
Total Cost |  |  |  |
Land | 24,225 |  |  |
Building / Construction in Progress & Improvements | 84,482 |  |  |
Total | 108,707 |  |  |
Accumulated Depreciation | 5,374 |  |  |
Total Cost, Net of Accumulated Depreciation | 103,333 |  |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Clarendon [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 300 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 22,573 |  |  |
Building / Construction in Progress & Improvements | 89,431 |  |  |
Costs Subsequent to Acquisition / Construction | 8,744 |  |  |
Total Cost |  |  |  |
Land | 22,573 |  |  |
Building / Construction in Progress & Improvements | 98,175 |  |  |
Total | 120,748 |  |  |
Accumulated Depreciation | 2,903 |  |  |
Total Cost, Net of Accumulated Depreciation | 117,845 |  |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Columbia Pike [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 269 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 18,830 |  |  |
Building / Construction in Progress & Improvements | 76,429 |  |  |
Costs Subsequent to Acquisition / Construction | 6,904 |  |  |
Total Cost |  |  |  |
Land | 18,830 |  |  |
Building / Construction in Progress & Improvements | 83,333 |  |  |
Total | 102,163 |  |  |
Accumulated Depreciation | 1,811 |  |  |
Total Cost, Net of Accumulated Depreciation | 100,352 |  |  |
Encumbrances | $ 70,019 |  |  |
Current Communities | Oakwood Arlington |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 184 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 18,850 |  |  |
Building / Construction in Progress & Improvements | 38,545 |  |  |
Costs Subsequent to Acquisition / Construction | 2,861 |  |  |
Total Cost |  |  |  |
Land | 18,850 |  |  |
Building / Construction in Progress & Improvements | 41,406 |  |  |
Total | 60,256 |  |  |
Accumulated Depreciation | 7,117 |  |  |
Total Cost, Net of Accumulated Depreciation | 53,139 | 53,844 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Alderwood I |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 367 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 12,294 |  |  |
Building / Construction in Progress & Improvements | 55,612 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 12,294 |  |  |
Building / Construction in Progress & Improvements | 55,612 |  |  |
Total | 67,906 |  |  |
Accumulated Depreciation | 4,515 |  |  |
Total Cost, Net of Accumulated Depreciation | 63,391 | 65,247 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Irvine III |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 156 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 11,607 |  |  |
Building / Construction in Progress & Improvements | 43,872 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 11,607 |  |  |
Building / Construction in Progress & Improvements | 43,872 |  |  |
Total | 55,479 |  |  |
Accumulated Depreciation | 1,247 |  |  |
Total Cost, Net of Accumulated Depreciation | 54,232 | 52,308 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Dublin Station II |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 252 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,762 |  |  |
Building / Construction in Progress & Improvements | 76,421 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 7,762 |  |  |
Building / Construction in Progress & Improvements | 76,421 |  |  |
Total | 84,183 |  |  |
Accumulated Depreciation | 2,077 |  |  |
Total Cost, Net of Accumulated Depreciation | 82,106 | 80,691 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Theater District |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 398 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 17,024 |  |  |
Building / Construction in Progress & Improvements | 163,055 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 17,024 |  |  |
Building / Construction in Progress & Improvements | 163,055 |  |  |
Total | 180,079 |  |  |
Accumulated Depreciation | 7,692 |  |  |
Total Cost, Net of Accumulated Depreciation | 172,387 | 175,257 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Marlborough |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 350 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 15,315 |  |  |
Building / Construction in Progress & Improvements | 60,153 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 15,315 |  |  |
Building / Construction in Progress & Improvements | 60,153 |  |  |
Total | 75,468 |  |  |
Accumulated Depreciation | 3,129 |  |  |
Total Cost, Net of Accumulated Depreciation | 72,339 | 73,460 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Framingham |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 180 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,309 |  |  |
Building / Construction in Progress & Improvements | 34,554 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 9,309 |  |  |
Building / Construction in Progress & Improvements | 34,554 |  |  |
Total | 43,863 |  |  |
Accumulated Depreciation | 1,468 |  |  |
Total Cost, Net of Accumulated Depreciation | 42,395 | 43,101 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Bloomfield Station |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 224 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 10,701 |  |  |
Building / Construction in Progress & Improvements | 39,429 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 10,701 |  |  |
Building / Construction in Progress & Improvements | 39,429 |  |  |
Total | 50,130 |  |  |
Accumulated Depreciation | 2,099 |  |  |
Total Cost, Net of Accumulated Depreciation | 48,031 | 49,968 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Union |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 202 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 11,695 |  |  |
Building / Construction in Progress & Improvements | 36,014 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 11,695 |  |  |
Building / Construction in Progress & Improvements | 36,014 |  |  |
Total | 47,709 |  |  |
Accumulated Depreciation | 1,094 |  |  |
Total Cost, Net of Accumulated Depreciation | 46,615 | 39,456 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Green III |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 68 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,985 |  |  |
Building / Construction in Progress & Improvements | 17,237 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 4,985 |  |  |
Building / Construction in Progress & Improvements | 17,237 |  |  |
Total | 22,222 |  |  |
Accumulated Depreciation | 637 |  |  |
Total Cost, Net of Accumulated Depreciation | 21,585 | 21,103 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Falls Church |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 384 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 39,544 |  |  |
Building / Construction in Progress & Improvements | 66,202 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 39,544 |  |  |
Building / Construction in Progress & Improvements | 66,202 |  |  |
Total | 105,746 |  |  |
Accumulated Depreciation | 3,467 |  |  |
Total Cost, Net of Accumulated Depreciation | 102,279 | 103,438 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Capitol Hill |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 249 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 20,613 |  |  |
Building / Construction in Progress & Improvements | 60,276 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 20,613 |  |  |
Building / Construction in Progress & Improvements | 60,276 |  |  |
Total | 80,889 |  |  |
Accumulated Depreciation | 1,983 |  |  |
Total Cost, Net of Accumulated Depreciation | 78,906 | 79,008 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Alderwood II [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 124 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 5,072 |  |  |
Building / Construction in Progress & Improvements | 21,390 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 5,072 |  |  |
Building / Construction in Progress & Improvements | 21,390 |  |  |
Total | 26,462 |  |  |
Accumulated Depreciation | 347 |  |  |
Total Cost, Net of Accumulated Depreciation | 26,115 | 14,264 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Towers on the Peninsula [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 211 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 9,560 |  |  |
Building / Construction in Progress & Improvements | 56,136 |  |  |
Costs Subsequent to Acquisition / Construction | 8,886 |  |  |
Total Cost |  |  |  |
Land | 9,560 |  |  |
Building / Construction in Progress & Improvements | 65,022 |  |  |
Total | 74,582 |  |  |
Accumulated Depreciation | 29,059 |  |  |
Total Cost, Net of Accumulated Depreciation | 45,523 | 39,705 |  |
Encumbrances | $ 0 |  |  |
Current Communities | AVA Studio City I [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 450 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 17,658 |  |  |
Building / Construction in Progress & Improvements | 90,715 |  |  |
Costs Subsequent to Acquisition / Construction | 24,339 |  |  |
Total Cost |  |  |  |
Land | 17,658 |  |  |
Building / Construction in Progress & Improvements | 115,054 |  |  |
Total | 132,712 |  |  |
Accumulated Depreciation | 16,391 |  |  |
Total Cost, Net of Accumulated Depreciation | 116,321 | 100,198 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon Morrison Park |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 842 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 22,041 |  |  |
Building / Construction in Progress & Improvements | 90,296 |  |  |
Costs Subsequent to Acquisition / Construction | 25,065 |  |  |
Total Cost |  |  |  |
Land | 22,041 |  |  |
Building / Construction in Progress & Improvements | 115,361 |  |  |
Total | 137,402 |  |  |
Accumulated Depreciation | 49,956 |  |  |
Total Cost, Net of Accumulated Depreciation | 87,446 | 84,234 |  |
Encumbrances | $ 0 |  |  |
Current Communities | Avalon at Assembly Row |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 195 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,537 |  |  |
Building / Construction in Progress & Improvements | 52,378 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 8,537 |  |  |
Building / Construction in Progress & Improvements | 52,378 |  |  |
Total | 60,915 |  |  |
Accumulated Depreciation | 4,885 |  |  |
Total Cost, Net of Accumulated Depreciation | 56,030 | 53,757 |  |
Encumbrances | $ 0 |  |  |
Boston, MA [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 6,460 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 207,547 |  |  |
Building / Construction in Progress & Improvements | 963,729 |  |  |
Costs Subsequent to Acquisition / Construction | 177,977 |  |  |
Total Cost |  |  |  |
Land | 207,547 |  |  |
Building / Construction in Progress & Improvements | 1,141,706 |  |  |
Total | 1,349,253 |  |  |
Accumulated Depreciation | 342,375 |  |  |
Total Cost, Net of Accumulated Depreciation | 1,006,878 | 1,022,408 |  |
Encumbrances | $ 178,970 |  |  |
Fairfield-New Haven, CT [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 2,549 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 91,239 |  |  |
Building / Construction in Progress & Improvements | 416,399 |  |  |
Costs Subsequent to Acquisition / Construction | 31,633 |  |  |
Total Cost |  |  |  |
Land | 91,239 |  |  |
Building / Construction in Progress & Improvements | 448,032 |  |  |
Total | 539,271 |  |  |
Accumulated Depreciation | 152,261 |  |  |
Total Cost, Net of Accumulated Depreciation | 387,010 | 401,760 |  |
Encumbrances | $ 38,221 |  |  |
New England |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 9,009 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 298,786 |  |  |
Building / Construction in Progress & Improvements | 1,380,128 |  |  |
Costs Subsequent to Acquisition / Construction | 209,610 |  |  |
Total Cost |  |  |  |
Land | 298,786 |  |  |
Building / Construction in Progress & Improvements | 1,589,738 |  |  |
Total | 1,888,524 |  |  |
Accumulated Depreciation | 494,636 |  |  |
Total Cost, Net of Accumulated Depreciation | 1,393,888 | 1,424,168 |  |
Encumbrances | $ 217,191 |  |  |
New York City, NY [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 3,176 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 420,939 |  |  |
Building / Construction in Progress & Improvements | 1,079,218 |  |  |
Costs Subsequent to Acquisition / Construction | 49,262 |  |  |
Total Cost |  |  |  |
Land | 420,939 |  |  |
Building / Construction in Progress & Improvements | 1,128,480 |  |  |
Total | 1,549,419 |  |  |
Accumulated Depreciation | 250,485 |  |  |
Total Cost, Net of Accumulated Depreciation | 1,298,934 | 1,321,308 |  |
Encumbrances | $ 562,800 |  |  |
New York - Suburban [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 3,928 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 211,736 |  |  |
Building / Construction in Progress & Improvements | 724,845 |  |  |
Costs Subsequent to Acquisition / Construction | 38,628 |  |  |
Total Cost |  |  |  |
Land | 211,736 |  |  |
Building / Construction in Progress & Improvements | 763,473 |  |  |
Total | 975,209 |  |  |
Accumulated Depreciation | 248,937 |  |  |
Total Cost, Net of Accumulated Depreciation | 726,272 | 746,624 |  |
Encumbrances | $ 79,945 |  |  |
New Jersey [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 3,980 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 104,483 |  |  |
Building / Construction in Progress & Improvements | 521,901 |  |  |
Costs Subsequent to Acquisition / Construction | 61,208 |  |  |
Total Cost |  |  |  |
Land | 104,483 |  |  |
Building / Construction in Progress & Improvements | 583,109 |  |  |
Total | 687,592 |  |  |
Accumulated Depreciation | 201,280 |  |  |
Total Cost, Net of Accumulated Depreciation | 486,312 | 501,710 |  |
Encumbrances | $ 36,305 |  |  |
Metro NY/NJ |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 11,084 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 737,158 |  |  |
Building / Construction in Progress & Improvements | 2,325,964 |  |  |
Costs Subsequent to Acquisition / Construction | 149,098 |  |  |
Total Cost |  |  |  |
Land | 737,158 |  |  |
Building / Construction in Progress & Improvements | 2,475,062 |  |  |
Total | 3,212,220 |  |  |
Accumulated Depreciation | 700,702 |  |  |
Total Cost, Net of Accumulated Depreciation | 2,511,518 | 2,569,642 |  |
Encumbrances | $ 679,050 |  |  |
Mid-Atlantic |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 9,575 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 545,982 |  |  |
Building / Construction in Progress & Improvements | 1,636,205 |  |  |
Costs Subsequent to Acquisition / Construction | 157,208 |  |  |
Total Cost |  |  |  |
Land | 545,982 |  |  |
Building / Construction in Progress & Improvements | 1,793,413 |  |  |
Total | 2,339,395 |  |  |
Accumulated Depreciation | 472,359 |  |  |
Total Cost, Net of Accumulated Depreciation | 1,867,036 | 1,918,882 |  |
Encumbrances | $ 319,175 |  |  |
Pacific Northwest |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 3,221 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 118,880 |  |  |
Building / Construction in Progress & Improvements | 582,476 |  |  |
Costs Subsequent to Acquisition / Construction | 35,933 |  |  |
Total Cost |  |  |  |
Land | 118,880 |  |  |
Building / Construction in Progress & Improvements | 618,409 |  |  |
Total | 737,289 |  |  |
Accumulated Depreciation | 175,982 |  |  |
Total Cost, Net of Accumulated Depreciation | 561,307 | 581,092 |  |
Encumbrances | $ 85,461 |  |  |
San Jose, CA [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 3,792 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 266,792 |  |  |
Building / Construction in Progress & Improvements | 611,905 |  |  |
Costs Subsequent to Acquisition / Construction | 86,601 |  |  |
Total Cost |  |  |  |
Land | 266,792 |  |  |
Building / Construction in Progress & Improvements | 698,506 |  |  |
Total | 965,298 |  |  |
Accumulated Depreciation | 239,489 |  |  |
Total Cost, Net of Accumulated Depreciation | 725,809 | 748,037 |  |
Encumbrances | $ 252,726 |  |  |
Oakland - East Bay, CA [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 3,028 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 109,928 |  |  |
Building / Construction in Progress & Improvements | 551,502 |  |  |
Costs Subsequent to Acquisition / Construction | 62,118 |  |  |
Total Cost |  |  |  |
Land | 109,928 |  |  |
Building / Construction in Progress & Improvements | 613,620 |  |  |
Total | 723,548 |  |  |
Accumulated Depreciation | 193,785 |  |  |
Total Cost, Net of Accumulated Depreciation | 529,763 | 546,008 |  |
Encumbrances | $ 3,420 |  |  |
San Francisco, CA [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 3,167 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 204,276 |  |  |
Building / Construction in Progress & Improvements | 667,166 |  |  |
Costs Subsequent to Acquisition / Construction | 100,970 |  |  |
Total Cost |  |  |  |
Land | 204,276 |  |  |
Building / Construction in Progress & Improvements | 768,136 |  |  |
Total | 972,412 |  |  |
Accumulated Depreciation | 247,516 |  |  |
Total Cost, Net of Accumulated Depreciation | 724,896 | 748,524 |  |
Encumbrances | $ 255,031 |  |  |
Northern California |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 9,987 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 580,996 |  |  |
Building / Construction in Progress & Improvements | 1,830,573 |  |  |
Costs Subsequent to Acquisition / Construction | 249,689 |  |  |
Total Cost |  |  |  |
Land | 580,996 |  |  |
Building / Construction in Progress & Improvements | 2,080,262 |  |  |
Total | 2,661,258 |  |  |
Accumulated Depreciation | 680,790 |  |  |
Total Cost, Net of Accumulated Depreciation | 1,980,468 | 2,042,569 |  |
Encumbrances | $ 511,177 |  |  |
Los Angeles, CA [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 8,297 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 476,006 |  |  |
Building / Construction in Progress & Improvements | 1,250,587 |  |  |
Costs Subsequent to Acquisition / Construction | 199,506 |  |  |
Total Cost |  |  |  |
Land | 476,006 |  |  |
Building / Construction in Progress & Improvements | 1,450,093 |  |  |
Total | 1,926,099 |  |  |
Accumulated Depreciation | 378,781 |  |  |
Total Cost, Net of Accumulated Depreciation | 1,547,318 | 1,591,060 |  |
Encumbrances | $ 545,058 |  |  |
Orange County, CA [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 2,657 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 112,811 |  |  |
Building / Construction in Progress & Improvements | 364,505 |  |  |
Costs Subsequent to Acquisition / Construction | 55,949 |  |  |
Total Cost |  |  |  |
Land | 112,811 |  |  |
Building / Construction in Progress & Improvements | 420,454 |  |  |
Total | 533,265 |  |  |
Accumulated Depreciation | 130,260 |  |  |
Total Cost, Net of Accumulated Depreciation | 403,005 | 416,164 |  |
Encumbrances | $ 7,635 |  |  |
San Diego, CA [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 1,078 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 41,287 |  |  |
Building / Construction in Progress & Improvements | 131,655 |  |  |
Costs Subsequent to Acquisition / Construction | 40,385 |  |  |
Total Cost |  |  |  |
Land | 41,287 |  |  |
Building / Construction in Progress & Improvements | 172,040 |  |  |
Total | 213,327 |  |  |
Accumulated Depreciation | 60,335 |  |  |
Total Cost, Net of Accumulated Depreciation | 152,992 | 157,480 |  |
Encumbrances | $ 0 |  |  |
Southern California |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 12,032 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 630,104 |  |  |
Building / Construction in Progress & Improvements | 1,746,747 |  |  |
Costs Subsequent to Acquisition / Construction | 295,840 |  |  |
Total Cost |  |  |  |
Land | 630,104 |  |  |
Building / Construction in Progress & Improvements | 2,042,587 |  |  |
Total | 2,672,691 |  |  |
Accumulated Depreciation | 569,376 |  |  |
Total Cost, Net of Accumulated Depreciation | 2,103,315 | 2,164,704 |  |
Encumbrances | $ 552,693 |  |  |
Established [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 54,908 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,911,906 |  |  |
Building / Construction in Progress & Improvements | 9,502,093 |  |  |
Costs Subsequent to Acquisition / Construction | 1,097,378 |  |  |
Total Cost |  |  |  |
Land | 2,911,906 |  |  |
Building / Construction in Progress & Improvements | 10,599,471 |  |  |
Total | 13,511,377 |  |  |
Accumulated Depreciation | 3,093,845 |  |  |
Total Cost, Net of Accumulated Depreciation | 10,417,532 | 10,701,057 |  |
Encumbrances | $ 2,364,747 |  |  |
Lease-Up Communities [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 2,867 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 171,938 |  |  |
Building / Construction in Progress & Improvements | 683,252 |  |  |
Costs Subsequent to Acquisition / Construction | 0 |  |  |
Total Cost |  |  |  |
Land | 171,938 |  |  |
Building / Construction in Progress & Improvements | 683,252 |  |  |
Total | 855,190 |  |  |
Accumulated Depreciation | 27,842 |  |  |
Total Cost, Net of Accumulated Depreciation | 827,348 | 813,784 |  |
Encumbrances | $ 0 |  |  |
Redevelopment Communities [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 1,671 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 55,241 |  |  |
Building / Construction in Progress & Improvements | 261,536 |  |  |
Costs Subsequent to Acquisition / Construction | 62,971 |  |  |
Total Cost |  |  |  |
Land | 55,241 |  |  |
Building / Construction in Progress & Improvements | 324,507 |  |  |
Total | 379,748 |  |  |
Accumulated Depreciation | 109,335 |  |  |
Total Cost, Net of Accumulated Depreciation | 270,413 | 251,590 |  |
Encumbrances | $ 0 |  |  |
Other Stabilized |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 10,918 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 593,582 |  |  |
Building / Construction in Progress & Improvements | 2,305,628 |  |  |
Costs Subsequent to Acquisition / Construction | 293,727 |  |  |
Total Cost |  |  |  |
Land | 593,582 |  |  |
Building / Construction in Progress & Improvements | 2,599,355 |  |  |
Total | 3,192,937 |  |  |
Accumulated Depreciation | 442,269 |  |  |
Total Cost, Net of Accumulated Depreciation | 2,750,668 | 2,242,819 |  |
Encumbrances | $ 212,011 |  |  |
Development Communities [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 8,864 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 172,845 |  |  |
Building / Construction in Progress & Improvements | 647,128 |  |  |
Costs Subsequent to Acquisition / Construction | 1,791,050 |  |  |
Total Cost |  |  |  |
Land | 172,845 |  |  |
Building / Construction in Progress & Improvements | 2,438,178 |  |  |
Total | 2,611,023 |  |  |
Accumulated Depreciation | 10,007 |  |  |
Total Cost, Net of Accumulated Depreciation | 2,601,016 | 1,207,941 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon West Hollywood [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 294 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 1,438 |  |  |
Costs Subsequent to Acquisition / Construction | 128,735 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 130,173 |  |  |
Total | 130,173 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 130,173 | 81,067 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Chino Hills [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 331 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 2,108 |  |  |
Building / Construction in Progress & Improvements | 15,878 |  |  |
Costs Subsequent to Acquisition / Construction | 69,487 |  |  |
Total Cost |  |  |  |
Land | 2,108 |  |  |
Building / Construction in Progress & Improvements | 85,365 |  |  |
Total | 87,473 |  |  |
Accumulated Depreciation | 67 |  |  |
Total Cost, Net of Accumulated Depreciation | 87,406 | 24,639 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Dogpatch [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 326 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 362 |  |  |
Costs Subsequent to Acquisition / Construction | 108,203 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 108,565 |  |  |
Total | 108,565 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 108,565 | 62,306 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Public Market [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 285 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 83 |  |  |
Costs Subsequent to Acquisition / Construction | 29,615 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 29,698 |  |  |
Total | 29,698 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 29,698 |  |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | AVA Hollywood [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 695 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 181 |  |  |
Costs Subsequent to Acquisition / Construction | 123,086 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 123,267 |  |  |
Total | 123,267 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 123,267 |  |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Huntington Beach |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 378 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 10,560 |  |  |
Building / Construction in Progress & Improvements | 86,201 |  |  |
Costs Subsequent to Acquisition / Construction | 19,701 |  |  |
Total Cost |  |  |  |
Land | 10,560 |  |  |
Building / Construction in Progress & Improvements | 105,902 |  |  |
Total | 116,462 |  |  |
Accumulated Depreciation | 1,193 |  |  |
Total Cost, Net of Accumulated Depreciation | 115,269 | 88,629 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | AVA NoMa [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 438 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 987 |  |  |
Costs Subsequent to Acquisition / Construction | 108,213 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 109,200 |  |  |
Total | 109,200 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 109,200 | 47,794 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon North Station |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 503 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 1,633 |  |  |
Building / Construction in Progress & Improvements | 19,710 |  |  |
Costs Subsequent to Acquisition / Construction | 227,728 |  |  |
Total Cost |  |  |  |
Land | 1,633 |  |  |
Building / Construction in Progress & Improvements | 247,438 |  |  |
Total | 249,071 |  |  |
Accumulated Depreciation | 49 |  |  |
Total Cost, Net of Accumulated Depreciation | 249,022 | 142,911 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Quincy [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 395 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 8,586 |  |  |
Building / Construction in Progress & Improvements | 46,296 |  |  |
Costs Subsequent to Acquisition / Construction | 29,740 |  |  |
Total Cost |  |  |  |
Land | 8,586 |  |  |
Building / Construction in Progress & Improvements | 76,036 |  |  |
Total | 84,622 |  |  |
Accumulated Depreciation | 490 |  |  |
Total Cost, Net of Accumulated Depreciation | 84,132 | 34,498 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Easton [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 290 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 137 |  |  |
Costs Subsequent to Acquisition / Construction | 28,937 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 29,074 |  |  |
Total | 29,074 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 29,074 |  |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | AVA Wheaton [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 319 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 307 |  |  |
Costs Subsequent to Acquisition / Construction | 35,054 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 35,361 |  |  |
Total | 35,361 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 35,361 | 18,295 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Hunt Valley [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 332 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 4,773 |  |  |
Building / Construction in Progress & Improvements | 28,466 |  |  |
Costs Subsequent to Acquisition / Construction | 33,969 |  |  |
Total Cost |  |  |  |
Land | 4,773 |  |  |
Building / Construction in Progress & Improvements | 62,435 |  |  |
Total | 67,208 |  |  |
Accumulated Depreciation | 189 |  |  |
Total Cost, Net of Accumulated Depreciation | 67,019 | 29,230 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Laurel [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 344 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,766 |  |  |
Building / Construction in Progress & Improvements | 48,128 |  |  |
Costs Subsequent to Acquisition / Construction | 14,381 |  |  |
Total Cost |  |  |  |
Land | 7,766 |  |  |
Building / Construction in Progress & Improvements | 62,509 |  |  |
Total | 70,275 |  |  |
Accumulated Depreciation | 743 |  |  |
Total Cost, Net of Accumulated Depreciation | 69,532 | 31,008 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Princeton |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 280 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 7,832 |  |  |
Building / Construction in Progress & Improvements | 21,418 |  |  |
Costs Subsequent to Acquisition / Construction | 59,298 |  |  |
Total Cost |  |  |  |
Land | 7,832 |  |  |
Building / Construction in Progress & Improvements | 80,716 |  |  |
Total | 88,548 |  |  |
Accumulated Depreciation | 188 |  |  |
Total Cost, Net of Accumulated Depreciation | 88,360 | 50,071 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Maplewood [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 235 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 620 |  |  |
Costs Subsequent to Acquisition / Construction | 47,833 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 48,453 |  |  |
Total | 48,453 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 48,453 | 19,180 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Boonton [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 350 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 124 |  |  |
Costs Subsequent to Acquisition / Construction | 8,168 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 8,292 |  |  |
Total | 8,292 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 8,292 |  |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Teaneck [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 248 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 14,034 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 14,034 |  |  |
Total | 14,034 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 14,034 |  |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Willoughby Square/AVA DoBro |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 826 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 114,499 |  |  |
Building / Construction in Progress & Improvements | 294,247 |  |  |
Costs Subsequent to Acquisition / Construction | 44,940 |  |  |
Total Cost |  |  |  |
Land | 114,499 |  |  |
Building / Construction in Progress & Improvements | 339,187 |  |  |
Total | 453,686 |  |  |
Accumulated Depreciation | 5,873 |  |  |
Total Cost, Net of Accumulated Depreciation | 447,813 | 408,812 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Great Neck [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 191 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 424 |  |  |
Costs Subsequent to Acquisition / Construction | 55,247 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 55,671 |  |  |
Total | 55,671 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 55,671 | 26,237 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Sheepshead Bay [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 180 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 327 |  |  |
Costs Subsequent to Acquisition / Construction | 58,506 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 58,833 |  |  |
Total | 58,833 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 58,833 | 20,394 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Rockville Centre II [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 165 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 249 |  |  |
Costs Subsequent to Acquisition / Construction | 26,547 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 26,796 |  |  |
Total | 26,796 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 26,796 | 11,302 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Somers [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 152 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 38 |  |  |
Costs Subsequent to Acquisition / Construction | 16,548 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 16,586 |  |  |
Total | 16,586 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 16,586 |  |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | 11 West 61st Street [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 172 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 348,821 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 348,821 |  |  |
Total | 348,821 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 348,821 |  |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Esterra Park |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 482 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 14,034 |  |  |
Building / Construction in Progress & Improvements | 69,247 |  |  |
Costs Subsequent to Acquisition / Construction | 45,866 |  |  |
Total Cost |  |  |  |
Land | 14,034 |  |  |
Building / Construction in Progress & Improvements | 115,113 |  |  |
Total | 129,147 |  |  |
Accumulated Depreciation | 1,161 |  |  |
Total Cost, Net of Accumulated Depreciation | 127,986 | 84,428 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Newcastle Commons I [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 378 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 1,054 |  |  |
Building / Construction in Progress & Improvements | 12,210 |  |  |
Costs Subsequent to Acquisition / Construction | 79,057 |  |  |
Total Cost |  |  |  |
Land | 1,054 |  |  |
Building / Construction in Progress & Improvements | 91,267 |  |  |
Total | 92,321 |  |  |
Accumulated Depreciation | 54 |  |  |
Total Cost, Net of Accumulated Depreciation | 92,267 | 27,140 |  |
Encumbrances | $ 0 |  |  |
Development Communities [Member] | Avalon Belltown Towers [Member] |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |
Number of Apartment Homes in Communities Owned | home | 275 |  |  |
Initial Cost |  |  |  |
Land and improvements | $ 0 |  |  |
Building / Construction in Progress & Improvements | 50 |  |  |
Costs Subsequent to Acquisition / Construction | 29,336 |  |  |
Total Cost |  |  |  |
Land | 0 |  |  |
Building / Construction in Progress & Improvements | 29,386 |  |  |
Total | 29,386 |  |  |
Accumulated Depreciation | 0 |  |  |
Total Cost, Net of Accumulated Depreciation | 29,386 |  |  |
Encumbrances | 0 |  |  |
Land Held for Development |  |  |  |
Initial Cost |  |  |  |
Land and improvements | 84,293 |  |  |
Total Cost |  |  |  |
Land | 84,293 |  |  |
Total | 84,293 |  |  |
Total Cost, Net of Accumulated Depreciation | 84,293 | 484,377 |  |
Corporate overhead |  |  |  |
Initial Cost |  |  |  |
Land and improvements | 56,584 |  |  |
Building / Construction in Progress & Improvements | 8,553 |  |  |
Costs Subsequent to Acquisition / Construction | 76,921 |  |  |
Total Cost |  |  |  |
Land | 56,584 |  |  |
Building / Construction in Progress & Improvements | 85,474 |  |  |
Total | 142,058 |  |  |
Accumulated Depreciation | 60,334 |  |  |
Total Cost, Net of Accumulated Depreciation | 81,724 | $ 77,940 |  |
Encumbrances | $ 4,500,000 |  |  |

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