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Subsequent Events | 9 Months Ended
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Sep. 30, 2020
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events The Company has evaluated subsequent events through the date on which this Form 10-Q was filed, the date on which these financial statements were issued, and identified the items below for discussion. In October 2020, the Company repurchased 219,186 shares of common stock at an average price of $148.17 per share. In October 2020, the Company entered into agreements to sell three wholly-owned operating communities containing an aggregate of 858 apartment homes and net real estate of $126,397,000 as of September 30, 2020, resulting in the communities qualifying as held for sale subsequent to September 30, 2020. The Company expects to complete the sales of these communities in the fourth quarter of 2020. In October 2020, the Company acquired three parcels of land for development for an aggregate investment of $59,145,000. As of November 4, 2020, the Company has $183,000,000 outstanding under its Credit Facility.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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