XML 39 R25.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Investments in Real Estate Entities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract] |
Combined summary of the financial position of the entities accounted for using the equity method | The following is a combined summary of the financial position of the entities accounted for using the equity method as of the dates presented, excluding amounts associated with development joint ventures, the Residual JV and Legacy JV (dollars in thousands):
| 12/31/18 |  | 12/31/17
Assets: |  |  |  |  |
Real estate, net | $ | 1,420,039 |  |  | $ | 695,077 |
Other assets | 45,142 |  |  | 39,976 |
Total assets | $ | 1,465,181 |  |  | $ | 735,053 |
Liabilities and partners' capital: |  |  |  |  |
Mortgage notes payable, net and credit facility | $ | 837,311 |  |  | $ | 523,815 |
Other liabilities | 15,624 |  |  | 10,540 |
Partners' capital | 612,246 |  |  | 200,698 |
Total liabilities and partners' capital | $ | 1,465,181 |  |  | $ | 735,053 |
Combined summary of the operating results of the entities accounted for using the equity method | The following is a combined summary of the operating results of the entities accounted for using the equity method, for the years presented, excluding amounts associated with development joint ventures, Avalon Clarendon, the Residual JV and Legacy JV (dollars in thousands):
| For the year ended
| 12/31/18 (1) |  | 12/31/17 |  | 12/31/16
Rental and other income | $ | 92,504 |  |  | $ | 101,615 |  |  | $ | 131,901 |
Operating and other expenses | (35,005 | ) |  | (38,566 | ) |  | (50,945 | )
Gain on sale of communities | 54,202 |  |  | 136,333 |  |  | 196,749 |
Interest expense, net (2) | (22,488 | ) |  | (27,104 | ) |  | (45,886 | )
Depreciation expense | (26,706 | ) |  | (25,914 | ) |  | (34,471 | )
Net income | $ | 62,507 |  |  | $ | 146,364 |  |  | $ | 197,348 |
Equity in income of unconsolidated entities | The following is a summary of the Company's equity in income of unconsolidated real estate entities for the years presented (dollars in thousands):
| For the year ended
| 12/31/18 |  | 12/31/17 |  | 12/31/16
Fund I (1) | $ | — |  |  | $ | — |  |  | $ | 87 |
Fund II (2) | 843 |  |  | 53,961 |  |  | 49,882 |
U.S. Fund (3) | 9,766 |  |  | 14,773 |  |  | 15,635 |
AC JV (4) | 3,527 |  |  | 1,388 |  |  | 1,445 |
MVP I, LLC | 1,917 |  |  | 1,833 |  |  | 1,627 |
Brandywine | 95 |  |  | 106 |  |  | 10 |
CVP I, LLC | — |  |  | — |  |  | 9 |
Residual JV | (879 | ) |  | (1,223 | ) |  | (1,374 | )
Avalon Clarendon (5) | — |  |  | — |  |  | (2,359 | )
North Point II JV, LP | 305 |  |  | (122 | ) |  | — |
Sudbury Development, LLC | 29 |  |  | 28 |  |  | — |
NYC JV | (333 | ) |  | — |  |  | — |
Total | $ | 15,270 |  |  | $ | 70,744 |  |  | $ | 64,962 |
_________________________________
(1) | The Company's equity in income for this entity represents its residual profits from the sale of the community, or liquidation of the venture.
(2) | Equity in income for the years ended December 31, 2017 and 2016 includes the Company's proportionate share of the gain on the sale of Fund II assets of $26,322 and $41,501, respectively. In addition, equity in income for the years ended December 31, 2018, 2017 and 2016 include $925, $26,472 and $7,985, respectively, relating to the Company's recognition of its promoted interest.
(3) | Equity in income for the years ended December 31, 2018, 2017 and 2016 includes the Company's proportionate share of the gain on the sale of U.S. Fund assets of $8,636, $13,788 and $16,568, respectively.
(4) | Equity in income for the year ended December 31, 2018 includes the Company's proportionate share of the gain on the sale of an AC JV assets of $2,019.
(5) | In 2016, the Company and its venture partner established separate legal ownership of Avalon Clarendon, after which the Company reported the operating results of Avalon Clarendon as part of its consolidated operations.

X
- Definition Tabular presentation of summary balance sheet information of the entity's equity method investees. + References No definition available. + Details
Name: | avb_ScheduleOfEquityMethodInvestmentSummarizedBalanceSheetInformationTableTextBlock
Namespace Prefix: | avb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular presentation of summary financial performance information of the entity's equity method investees. + References No definition available. + Details
Name: | avb_ScheduleOfEquityMethodInvestmentSummarizedIncomeStatementInformationTableTextBlock
Namespace Prefix: | avb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration