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REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) ft² in Thousands, $ in Thousands | 12 Months Ended | 24 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Dec. 31, 2021 USD ($) home residential_condominium ft² | Dec. 31, 2021 USD ($) home residential_condominium ft² | Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($)
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 81,803 | 81,803 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,787,201 | $ 4,787,201 |  |  |
Building / Construction in Progress & Improvements | 17,209,054 | 17,209,054 |  |  |
Costs Subsequent to Acquisition / Construction | 2,931,050 | 2,931,050 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,787,201 | 4,787,201 |  |  |
Building / Construction in Progress & Improvements | 20,140,104 | 20,140,104 |  |  |
Total | 24,927,305 | 24,927,305 | $ 23,962,222 | $ 23,606,872 | $ 22,342,576
Accumulated Depreciation | 6,217,721 | 6,217,721 | 5,728,440 | $ 5,173,883 | $ 4,611,646
Total real estate, net | 18,709,584 | 18,709,584 | 18,233,781 |  |
Encumbrances | $ 8,170,431 | $ 8,170,431 |  |  |
Number of residential condominiums sold | residential_condominium | 53 | 123 |  |  |
Avalon Fort Lauderdale |  |  |  |  |
Total Cost |  |  |  |  |
Commercial square feet | ft² | 49 | 49 |  |  |
Hub South End |  |  |  |  |
Total Cost |  |  |  |  |
Commercial square feet | ft² | 23 | 23 |  |  |
Avalon Lakeside |  |  |  |  |
Total Cost |  |  |  |  |
Commercial square feet | ft² | 18 | 18 |  |  |
The Park Loggia |  |  |  |  |
Total Cost |  |  |  |  |
Number of residential units in development | residential_condominium | 172 | 172 |  |  |
Commercial square feet | ft² | 66 | 66 |  |  |
Current Communities |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 79,213 | 79,213 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,497,263 | $ 4,497,263 |  |  |
Building / Construction in Progress & Improvements | 16,705,123 | 16,705,123 |  |  |
Costs Subsequent to Acquisition / Construction | 2,251,909 | 2,251,909 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,497,263 | 4,497,263 |  |  |
Building / Construction in Progress & Improvements | 18,957,032 | 18,957,032 |  |  |
Total | 23,454,295 | 23,454,295 |  |  |
Accumulated Depreciation | 6,148,060 | 6,148,060 |  |  |
Total real estate, net | 17,306,235 | 17,306,235 | 17,064,649 |  |
Encumbrances | $ 770,431 | $ 770,431 |  |  |
Current Communities | Avalon at Lexington |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 198 | 198 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,124 | $ 2,124 |  |  |
Building / Construction in Progress & Improvements | 12,567 | 12,567 |  |  |
Costs Subsequent to Acquisition / Construction | 13,346 | 13,346 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,124 | 2,124 |  |  |
Building / Construction in Progress & Improvements | 25,913 | 25,913 |  |  |
Total | 28,037 | 28,037 |  |  |
Accumulated Depreciation | 18,473 | 18,473 |  |  |
Total real estate, net | 9,564 | 9,564 | 10,632 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Oaks |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 204 | 204 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,129 | $ 2,129 |  |  |
Building / Construction in Progress & Improvements | 17,567 | 17,567 |  |  |
Costs Subsequent to Acquisition / Construction | 7,924 | 7,924 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,129 | 2,129 |  |  |
Building / Construction in Progress & Improvements | 25,491 | 25,491 |  |  |
Total | 27,620 | 27,620 |  |  |
Accumulated Depreciation | 17,900 | 17,900 |  |  |
Total real estate, net | 9,720 | 9,720 | 10,000 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Quincy |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 245 | 245 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 1,743 | $ 1,743 |  |  |
Building / Construction in Progress & Improvements | 14,662 | 14,662 |  |  |
Costs Subsequent to Acquisition / Construction | 13,696 | 13,696 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 1,743 | 1,743 |  |  |
Building / Construction in Progress & Improvements | 28,358 | 28,358 |  |  |
Total | 30,101 | 30,101 |  |  |
Accumulated Depreciation | 18,920 | 18,920 |  |  |
Total real estate, net | 11,181 | 11,181 | 11,007 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Oaks West |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 120 | 120 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,318 | $ 3,318 |  |  |
Building / Construction in Progress & Improvements | 13,465 | 13,465 |  |  |
Costs Subsequent to Acquisition / Construction | 2,941 | 2,941 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,318 | 3,318 |  |  |
Building / Construction in Progress & Improvements | 16,406 | 16,406 |  |  |
Total | 19,724 | 19,724 |  |  |
Accumulated Depreciation | 10,736 | 10,736 |  |  |
Total real estate, net | 8,988 | 8,988 | 9,093 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Newton Highlands |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 294 | 294 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,905 | $ 10,905 |  |  |
Building / Construction in Progress & Improvements | 45,547 | 45,547 |  |  |
Costs Subsequent to Acquisition / Construction | 18,315 | 18,315 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,905 | 10,905 |  |  |
Building / Construction in Progress & Improvements | 63,862 | 63,862 |  |  |
Total | 74,767 | 74,767 |  |  |
Accumulated Depreciation | 36,480 | 36,480 |  |  |
Total real estate, net | 38,287 | 38,287 | 40,018 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at The Pinehills |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 192 | 192 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,876 | $ 6,876 |  |  |
Building / Construction in Progress & Improvements | 30,401 | 30,401 |  |  |
Costs Subsequent to Acquisition / Construction | 5,883 | 5,883 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,876 | 6,876 |  |  |
Building / Construction in Progress & Improvements | 36,284 | 36,284 |  |  |
Total | 43,160 | 43,160 |  |  |
Accumulated Depreciation | 17,137 | 17,137 |  |  |
Total real estate, net | 26,023 | 26,023 | 26,227 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Peabody |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 286 | 286 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,645 | $ 4,645 |  |  |
Building / Construction in Progress & Improvements | 18,919 | 18,919 |  |  |
Costs Subsequent to Acquisition / Construction | 16,248 | 16,248 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,645 | 4,645 |  |  |
Building / Construction in Progress & Improvements | 35,167 | 35,167 |  |  |
Total | 39,812 | 39,812 |  |  |
Accumulated Depreciation | 19,002 | 19,002 |  |  |
Total real estate, net | 20,810 | 20,810 | 21,703 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Bedford Center |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 139 | 139 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,258 | $ 4,258 |  |  |
Building / Construction in Progress & Improvements | 20,551 | 20,551 |  |  |
Costs Subsequent to Acquisition / Construction | 5,543 | 5,543 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,258 | 4,258 |  |  |
Building / Construction in Progress & Improvements | 26,094 | 26,094 |  |  |
Total | 30,352 | 30,352 |  |  |
Accumulated Depreciation | 14,100 | 14,100 |  |  |
Total real estate, net | 16,252 | 16,252 | 17,623 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Chestnut Hill |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 204 | 204 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,572 | $ 14,572 |  |  |
Building / Construction in Progress & Improvements | 45,911 | 45,911 |  |  |
Costs Subsequent to Acquisition / Construction | 13,917 | 13,917 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,572 | 14,572 |  |  |
Building / Construction in Progress & Improvements | 59,828 | 59,828 |  |  |
Total | 74,400 | 74,400 |  |  |
Accumulated Depreciation | 29,178 | 29,178 |  |  |
Total real estate, net | 45,222 | 45,222 | 46,499 |  |
Encumbrances | $ 35,770 | $ 35,770 |  |  |
Current Communities | Avalon at Lexington Hills |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 387 | 387 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,691 | $ 8,691 |  |  |
Building / Construction in Progress & Improvements | 79,121 | 79,121 |  |  |
Costs Subsequent to Acquisition / Construction | 15,224 | 15,224 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,691 | 8,691 |  |  |
Building / Construction in Progress & Improvements | 94,345 | 94,345 |  |  |
Total | 103,036 | 103,036 |  |  |
Accumulated Depreciation | 46,055 | 46,055 |  |  |
Total real estate, net | 56,981 | 56,981 | 61,146 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Acton |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 380 | 380 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 13,124 | $ 13,124 |  |  |
Building / Construction in Progress & Improvements | 48,695 | 48,695 |  |  |
Costs Subsequent to Acquisition / Construction | 9,286 | 9,286 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 13,124 | 13,124 |  |  |
Building / Construction in Progress & Improvements | 57,981 | 57,981 |  |  |
Total | 71,105 | 71,105 |  |  |
Accumulated Depreciation | 26,388 | 26,388 |  |  |
Total real estate, net | 44,717 | 44,717 | 44,580 |  |
Encumbrances | $ 45,000 | $ 45,000 |  |  |
Current Communities | Avalon at the Hingham Shipyard |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 235 | 235 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,218 | $ 12,218 |  |  |
Building / Construction in Progress & Improvements | 41,656 | 41,656 |  |  |
Costs Subsequent to Acquisition / Construction | 11,238 | 11,238 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,218 | 12,218 |  |  |
Building / Construction in Progress & Improvements | 52,894 | 52,894 |  |  |
Total | 65,112 | 65,112 |  |  |
Accumulated Depreciation | 24,353 | 24,353 |  |  |
Total real estate, net | 40,759 | 40,759 | 43,026 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Sharon |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 156 | 156 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,719 | $ 4,719 |  |  |
Building / Construction in Progress & Improvements | 25,478 | 25,478 |  |  |
Costs Subsequent to Acquisition / Construction | 5,797 | 5,797 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,719 | 4,719 |  |  |
Building / Construction in Progress & Improvements | 31,275 | 31,275 |  |  |
Total | 35,994 | 35,994 |  |  |
Accumulated Depreciation | 14,907 | 14,907 |  |  |
Total real estate, net | 21,087 | 21,087 | 22,605 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Northborough |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 382 | 382 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,144 | $ 8,144 |  |  |
Building / Construction in Progress & Improvements | 52,184 | 52,184 |  |  |
Costs Subsequent to Acquisition / Construction | 6,626 | 6,626 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,144 | 8,144 |  |  |
Building / Construction in Progress & Improvements | 58,810 | 58,810 |  |  |
Total | 66,954 | 66,954 |  |  |
Accumulated Depreciation | 24,112 | 24,112 |  |  |
Total real estate, net | 42,842 | 42,842 | 43,733 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Exeter |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 187 | 187 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 110,028 | 110,028 |  |  |
Costs Subsequent to Acquisition / Construction | 934 | 934 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 110,962 | 110,962 |  |  |
Total | 110,962 | 110,962 |  |  |
Accumulated Depreciation | 29,409 | 29,409 |  |  |
Total real estate, net | 81,553 | 81,553 | 85,066 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Natick |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 407 | 407 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 15,645 | $ 15,645 |  |  |
Building / Construction in Progress & Improvements | 64,845 | 64,845 |  |  |
Costs Subsequent to Acquisition / Construction | 2,400 | 2,400 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 15,645 | 15,645 |  |  |
Building / Construction in Progress & Improvements | 67,245 | 67,245 |  |  |
Total | 82,890 | 82,890 |  |  |
Accumulated Depreciation | 19,873 | 19,873 |  |  |
Total real estate, net | 63,017 | 63,017 | 63,922 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Assembly Row |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 195 | 195 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,599 | $ 8,599 |  |  |
Building / Construction in Progress & Improvements | 52,454 | 52,454 |  |  |
Costs Subsequent to Acquisition / Construction | 873 | 873 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,599 | 8,599 |  |  |
Building / Construction in Progress & Improvements | 53,327 | 53,327 |  |  |
Total | 61,926 | 61,926 |  |  |
Accumulated Depreciation | 14,352 | 14,352 |  |  |
Total real estate, net | 47,574 | 47,574 | 49,201 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Somerville |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 250 | 250 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,944 | $ 10,944 |  |  |
Building / Construction in Progress & Improvements | 56,460 | 56,460 |  |  |
Costs Subsequent to Acquisition / Construction | 832 | 832 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,944 | 10,944 |  |  |
Building / Construction in Progress & Improvements | 57,292 | 57,292 |  |  |
Total | 68,236 | 68,236 |  |  |
Accumulated Depreciation | 14,485 | 14,485 |  |  |
Total real estate, net | 53,751 | 53,751 | 55,550 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Back Bay |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 271 | 271 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,034 | $ 9,034 |  |  |
Building / Construction in Progress & Improvements | 36,540 | 36,540 |  |  |
Costs Subsequent to Acquisition / Construction | 52,076 | 52,076 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,034 | 9,034 |  |  |
Building / Construction in Progress & Improvements | 88,616 | 88,616 |  |  |
Total | 97,650 | 97,650 |  |  |
Accumulated Depreciation | 46,609 | 46,609 |  |  |
Total real estate, net | 51,041 | 51,041 | 54,133 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Prudential Center II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 266 | 266 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,776 | $ 8,776 |  |  |
Building / Construction in Progress & Improvements | 35,496 | 35,496 |  |  |
Costs Subsequent to Acquisition / Construction | 64,978 | 64,978 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,776 | 8,776 |  |  |
Building / Construction in Progress & Improvements | 100,474 | 100,474 |  |  |
Total | 109,250 | 109,250 |  |  |
Accumulated Depreciation | 46,808 | 46,808 |  |  |
Total real estate, net | 62,442 | 62,442 | 64,558 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Prudential Center I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 243 | 243 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,002 | $ 8,002 |  |  |
Building / Construction in Progress & Improvements | 32,370 | 32,370 |  |  |
Costs Subsequent to Acquisition / Construction | 56,151 | 56,151 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,002 | 8,002 |  |  |
Building / Construction in Progress & Improvements | 88,521 | 88,521 |  |  |
Total | 96,523 | 96,523 |  |  |
Accumulated Depreciation | 40,581 | 40,581 |  |  |
Total real estate, net | 55,942 | 55,942 | 56,211 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Burlington |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 203 | 203 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,714 | $ 7,714 |  |  |
Building / Construction in Progress & Improvements | 32,499 | 32,499 |  |  |
Costs Subsequent to Acquisition / Construction | 8,573 | 8,573 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,714 | 7,714 |  |  |
Building / Construction in Progress & Improvements | 41,072 | 41,072 |  |  |
Total | 48,786 | 48,786 |  |  |
Accumulated Depreciation | 12,920 | 12,920 |  |  |
Total real estate, net | 35,866 | 35,866 | 36,625 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Theater District |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 398 | 398 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 17,072 | $ 17,072 |  |  |
Building / Construction in Progress & Improvements | 163,633 | 163,633 |  |  |
Costs Subsequent to Acquisition / Construction | 505 | 505 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 17,072 | 17,072 |  |  |
Building / Construction in Progress & Improvements | 164,138 | 164,138 |  |  |
Total | 181,210 | 181,210 |  |  |
Accumulated Depreciation | 36,610 | 36,610 |  |  |
Total real estate, net | 144,600 | 144,600 | 150,260 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Burlington |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 312 | 312 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 15,600 | $ 15,600 |  |  |
Building / Construction in Progress & Improvements | 60,649 | 60,649 |  |  |
Costs Subsequent to Acquisition / Construction | 17,572 | 17,572 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 15,600 | 15,600 |  |  |
Building / Construction in Progress & Improvements | 78,221 | 78,221 |  |  |
Total | 93,821 | 93,821 |  |  |
Accumulated Depreciation | 24,774 | 24,774 |  |  |
Total real estate, net | 69,047 | 69,047 | 71,360 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Marlborough |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 350 | 350 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 15,367 | $ 15,367 |  |  |
Building / Construction in Progress & Improvements | 60,397 | 60,397 |  |  |
Costs Subsequent to Acquisition / Construction | 1,346 | 1,346 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 15,367 | 15,367 |  |  |
Building / Construction in Progress & Improvements | 61,743 | 61,743 |  |  |
Total | 77,110 | 77,110 |  |  |
Accumulated Depreciation | 14,384 | 14,384 |  |  |
Total real estate, net | 62,726 | 62,726 | 64,348 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon North Station |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 503 | 503 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 22,796 | $ 22,796 |  |  |
Building / Construction in Progress & Improvements | 247,270 | 247,270 |  |  |
Costs Subsequent to Acquisition / Construction | 719 | 719 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 22,796 | 22,796 |  |  |
Building / Construction in Progress & Improvements | 247,989 | 247,989 |  |  |
Total | 270,785 | 270,785 |  |  |
Accumulated Depreciation | 40,830 | 40,830 |  |  |
Total real estate, net | 229,955 | 229,955 | 238,733 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Framingham |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 180 | 180 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,315 | $ 9,315 |  |  |
Building / Construction in Progress & Improvements | 34,631 | 34,631 |  |  |
Costs Subsequent to Acquisition / Construction | 206 | 206 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,315 | 9,315 |  |  |
Building / Construction in Progress & Improvements | 34,837 | 34,837 |  |  |
Total | 44,152 | 44,152 |  |  |
Accumulated Depreciation | 7,791 | 7,791 |  |  |
Total real estate, net | 36,361 | 36,361 | 37,448 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Quincy |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 395 | 395 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,694 | $ 14,694 |  |  |
Building / Construction in Progress & Improvements | 79,655 | 79,655 |  |  |
Costs Subsequent to Acquisition / Construction | 79 | 79 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,694 | 14,694 |  |  |
Building / Construction in Progress & Improvements | 79,734 | 79,734 |  |  |
Total | 94,428 | 94,428 |  |  |
Accumulated Depreciation | 14,643 | 14,643 |  |  |
Total real estate, net | 79,785 | 79,785 | 82,635 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Easton |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 290 | 290 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,170 | $ 3,170 |  |  |
Building / Construction in Progress & Improvements | 60,837 | 60,837 |  |  |
Costs Subsequent to Acquisition / Construction | 303 | 303 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,170 | 3,170 |  |  |
Building / Construction in Progress & Improvements | 61,140 | 61,140 |  |  |
Total | 64,310 | 64,310 |  |  |
Accumulated Depreciation | 10,465 | 10,465 |  |  |
Total real estate, net | 53,845 | 53,845 | 56,082 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at the Hingham Shipyard II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 190 | 190 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,998 | $ 8,998 |  |  |
Building / Construction in Progress & Improvements | 55,366 | 55,366 |  |  |
Costs Subsequent to Acquisition / Construction | 47 | 47 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,998 | 8,998 |  |  |
Building / Construction in Progress & Improvements | 55,413 | 55,413 |  |  |
Total | 64,411 | 64,411 |  |  |
Accumulated Depreciation | 6,788 | 6,788 |  |  |
Total real estate, net | 57,623 | 57,623 | 59,819 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Sudbury |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 250 | 250 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 20,254 | $ 20,254 |  |  |
Building / Construction in Progress & Improvements | 66,554 | 66,554 |  |  |
Costs Subsequent to Acquisition / Construction | 88 | 88 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 20,254 | 20,254 |  |  |
Building / Construction in Progress & Improvements | 66,642 | 66,642 |  |  |
Total | 86,896 | 86,896 |  |  |
Accumulated Depreciation | 8,680 | 8,680 |  |  |
Total real estate, net | 78,216 | 78,216 | 80,881 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA North Point |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 265 | 265 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 31,263 | $ 31,263 |  |  |
Building / Construction in Progress & Improvements | 81,196 | 81,196 |  |  |
Costs Subsequent to Acquisition / Construction | 2,793 | 2,793 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 31,263 | 31,263 |  |  |
Building / Construction in Progress & Improvements | 83,989 | 83,989 |  |  |
Total | 115,252 | 115,252 |  |  |
Accumulated Depreciation | 9,419 | 9,419 |  |  |
Total real estate, net | 105,833 | 105,833 | 108,984 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Bear Hill |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 324 | 324 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 27,350 | $ 27,350 |  |  |
Building / Construction in Progress & Improvements | 94,168 | 94,168 |  |  |
Costs Subsequent to Acquisition / Construction | 29,950 | 29,950 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 27,350 | 27,350 |  |  |
Building / Construction in Progress & Improvements | 124,118 | 124,118 |  |  |
Total | 151,468 | 151,468 |  |  |
Accumulated Depreciation | 42,059 | 42,059 |  |  |
Total real estate, net | 109,409 | 109,409 | 113,533 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Wilton on River Rd |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 102 | 102 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,116 | $ 2,116 |  |  |
Building / Construction in Progress & Improvements | 14,664 | 14,664 |  |  |
Costs Subsequent to Acquisition / Construction | 7,536 | 7,536 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,116 | 2,116 |  |  |
Building / Construction in Progress & Improvements | 22,200 | 22,200 |  |  |
Total | 24,316 | 24,316 |  |  |
Accumulated Depreciation | 15,570 | 15,570 |  |  |
Total real estate, net | 8,746 | 8,746 | 9,505 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon New Canaan |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 104 | 104 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,834 | $ 4,834 |  |  |
Building / Construction in Progress & Improvements | 22,990 | 22,990 |  |  |
Costs Subsequent to Acquisition / Construction | 6,852 | 6,852 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,834 | 4,834 |  |  |
Building / Construction in Progress & Improvements | 29,842 | 29,842 |  |  |
Total | 34,676 | 34,676 |  |  |
Accumulated Depreciation | 17,984 | 17,984 |  |  |
Total real estate, net | 16,692 | 16,692 | 17,800 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Darien |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 189 | 189 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,926 | $ 6,926 |  |  |
Building / Construction in Progress & Improvements | 34,558 | 34,558 |  |  |
Costs Subsequent to Acquisition / Construction | 9,489 | 9,489 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,926 | 6,926 |  |  |
Building / Construction in Progress & Improvements | 44,047 | 44,047 |  |  |
Total | 50,973 | 50,973 |  |  |
Accumulated Depreciation | 24,822 | 24,822 |  |  |
Total real estate, net | 26,151 | 26,151 | 27,861 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon East Norwalk |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 240 | 240 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,395 | $ 10,395 |  |  |
Building / Construction in Progress & Improvements | 36,451 | 36,451 |  |  |
Costs Subsequent to Acquisition / Construction | 532 | 532 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,395 | 10,395 |  |  |
Building / Construction in Progress & Improvements | 36,983 | 36,983 |  |  |
Total | 47,378 | 47,378 |  |  |
Accumulated Depreciation | 11,086 | 11,086 |  |  |
Total real estate, net | 36,292 | 36,292 | 37,492 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Riverview |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 372 | 372 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 94,061 | 94,061 |  |  |
Costs Subsequent to Acquisition / Construction | 13,553 | 13,553 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 107,614 | 107,614 |  |  |
Total | 107,614 | 107,614 |  |  |
Accumulated Depreciation | 71,334 | 71,334 |  |  |
Total real estate, net | 36,280 | 36,280 | 39,258 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Riverview North |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 602 | 602 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 165,932 | 165,932 |  |  |
Costs Subsequent to Acquisition / Construction | 16,411 | 16,411 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 182,343 | 182,343 |  |  |
Total | 182,343 | 182,343 |  |  |
Accumulated Depreciation | 85,298 | 85,298 |  |  |
Total real estate, net | 97,045 | 97,045 | 102,751 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Fort Greene |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 631 | 631 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 83,038 | $ 83,038 |  |  |
Building / Construction in Progress & Improvements | 216,802 | 216,802 |  |  |
Costs Subsequent to Acquisition / Construction | 9,411 | 9,411 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 83,038 | 83,038 |  |  |
Building / Construction in Progress & Improvements | 226,213 | 226,213 |  |  |
Total | 309,251 | 309,251 |  |  |
Accumulated Depreciation | 89,037 | 89,037 |  |  |
Total real estate, net | 220,214 | 220,214 | 227,393 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA DoBro |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 500 | 500 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 76,127 | $ 76,127 |  |  |
Building / Construction in Progress & Improvements | 206,762 | 206,762 |  |  |
Costs Subsequent to Acquisition / Construction | 423 | 423 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 76,127 | 76,127 |  |  |
Building / Construction in Progress & Improvements | 207,185 | 207,185 |  |  |
Total | 283,312 | 283,312 |  |  |
Accumulated Depreciation | 42,240 | 42,240 |  |  |
Total real estate, net | 241,072 | 241,072 | 248,521 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Willoughby Square |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 326 | 326 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 49,635 | $ 49,635 |  |  |
Building / Construction in Progress & Improvements | 134,840 | 134,840 |  |  |
Costs Subsequent to Acquisition / Construction | 396 | 396 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 49,635 | 49,635 |  |  |
Building / Construction in Progress & Improvements | 135,236 | 135,236 |  |  |
Total | 184,871 | 184,871 |  |  |
Accumulated Depreciation | 25,296 | 25,296 |  |  |
Total real estate, net | 159,575 | 159,575 | 164,245 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Brooklyn Bay |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 180 | 180 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 18,310 | $ 18,310 |  |  |
Building / Construction in Progress & Improvements | 74,573 | 74,573 |  |  |
Costs Subsequent to Acquisition / Construction | 405 | 405 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 18,310 | 18,310 |  |  |
Building / Construction in Progress & Improvements | 74,978 | 74,978 |  |  |
Total | 93,288 | 93,288 |  |  |
Accumulated Depreciation | 14,368 | 14,368 |  |  |
Total real estate, net | 78,920 | 78,920 | 81,956 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Midtown West |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 550 | 550 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 154,730 | $ 154,730 |  |  |
Building / Construction in Progress & Improvements | 180,253 | 180,253 |  |  |
Costs Subsequent to Acquisition / Construction | 48,724 | 48,724 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 154,730 | 154,730 |  |  |
Building / Construction in Progress & Improvements | 228,977 | 228,977 |  |  |
Total | 383,707 | 383,707 |  |  |
Accumulated Depreciation | 70,922 | 70,922 |  |  |
Total real estate, net | 312,785 | 312,785 | 320,012 |  |
Encumbrances | $ 88,300 | $ 88,300 |  |  |
Current Communities | Avalon Clinton North |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 339 | 339 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 84,069 | $ 84,069 |  |  |
Building / Construction in Progress & Improvements | 105,821 | 105,821 |  |  |
Costs Subsequent to Acquisition / Construction | 14,071 | 14,071 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 84,069 | 84,069 |  |  |
Building / Construction in Progress & Improvements | 119,892 | 119,892 |  |  |
Total | 203,961 | 203,961 |  |  |
Accumulated Depreciation | 39,430 | 39,430 |  |  |
Total real estate, net | 164,531 | 164,531 | 167,399 |  |
Encumbrances | $ 147,000 | $ 147,000 |  |  |
Current Communities | Avalon Clinton South |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 288 | 288 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 71,421 | $ 71,421 |  |  |
Building / Construction in Progress & Improvements | 89,851 | 89,851 |  |  |
Costs Subsequent to Acquisition / Construction | 8,098 | 8,098 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 71,421 | 71,421 |  |  |
Building / Construction in Progress & Improvements | 97,949 | 97,949 |  |  |
Total | 169,370 | 169,370 |  |  |
Accumulated Depreciation | 33,361 | 33,361 |  |  |
Total real estate, net | 136,009 | 136,009 | 138,732 |  |
Encumbrances | $ 121,500 | $ 121,500 |  |  |
Current Communities | Avalon Commons |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 312 | 312 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,679 | $ 4,679 |  |  |
Building / Construction in Progress & Improvements | 28,259 | 28,259 |  |  |
Costs Subsequent to Acquisition / Construction | 10,294 | 10,294 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,679 | 4,679 |  |  |
Building / Construction in Progress & Improvements | 38,553 | 38,553 |  |  |
Total | 43,232 | 43,232 |  |  |
Accumulated Depreciation | 27,972 | 27,972 |  |  |
Total real estate, net | 15,260 | 15,260 | 14,579 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Green I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 105 | 105 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 1,820 | $ 1,820 |  |  |
Building / Construction in Progress & Improvements | 10,525 | 10,525 |  |  |
Costs Subsequent to Acquisition / Construction | 8,236 | 8,236 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 1,820 | 1,820 |  |  |
Building / Construction in Progress & Improvements | 18,761 | 18,761 |  |  |
Total | 20,581 | 20,581 |  |  |
Accumulated Depreciation | 12,493 | 12,493 |  |  |
Total real estate, net | 8,088 | 8,088 | 8,408 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Mamaroneck |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 229 | 229 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,207 | $ 6,207 |  |  |
Building / Construction in Progress & Improvements | 40,657 | 40,657 |  |  |
Costs Subsequent to Acquisition / Construction | 16,178 | 16,178 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,207 | 6,207 |  |  |
Building / Construction in Progress & Improvements | 56,835 | 56,835 |  |  |
Total | 63,042 | 63,042 |  |  |
Accumulated Depreciation | 35,410 | 35,410 |  |  |
Total real estate, net | 27,632 | 27,632 | 30,027 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Melville |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 494 | 494 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,228 | $ 9,228 |  |  |
Building / Construction in Progress & Improvements | 50,063 | 50,063 |  |  |
Costs Subsequent to Acquisition / Construction | 23,225 | 23,225 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,228 | 9,228 |  |  |
Building / Construction in Progress & Improvements | 73,288 | 73,288 |  |  |
Total | 82,516 | 82,516 |  |  |
Accumulated Depreciation | 48,019 | 48,019 |  |  |
Total real estate, net | 34,497 | 34,497 | 37,757 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon White Plains |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 407 | 407 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 15,391 | $ 15,391 |  |  |
Building / Construction in Progress & Improvements | 137,312 | 137,312 |  |  |
Costs Subsequent to Acquisition / Construction | 2,510 | 2,510 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 15,391 | 15,391 |  |  |
Building / Construction in Progress & Improvements | 139,822 | 139,822 |  |  |
Total | 155,213 | 155,213 |  |  |
Accumulated Depreciation | 60,602 | 60,602 |  |  |
Total real estate, net | 94,611 | 94,611 | 99,236 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Rockville Centre I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 349 | 349 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 32,212 | $ 32,212 |  |  |
Building / Construction in Progress & Improvements | 78,806 | 78,806 |  |  |
Costs Subsequent to Acquisition / Construction | 7,106 | 7,106 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 32,212 | 32,212 |  |  |
Building / Construction in Progress & Improvements | 85,912 | 85,912 |  |  |
Total | 118,124 | 118,124 |  |  |
Accumulated Depreciation | 31,394 | 31,394 |  |  |
Total real estate, net | 86,730 | 86,730 | 89,941 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Green II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 444 | 444 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 27,765 | $ 27,765 |  |  |
Building / Construction in Progress & Improvements | 77,560 | 77,560 |  |  |
Costs Subsequent to Acquisition / Construction | 3,659 | 3,659 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 27,765 | 27,765 |  |  |
Building / Construction in Progress & Improvements | 81,219 | 81,219 |  |  |
Total | 108,984 | 108,984 |  |  |
Accumulated Depreciation | 27,517 | 27,517 |  |  |
Total real estate, net | 81,467 | 81,467 | 83,880 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Garden City |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 204 | 204 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 18,205 | $ 18,205 |  |  |
Building / Construction in Progress & Improvements | 49,326 | 49,326 |  |  |
Costs Subsequent to Acquisition / Construction | 1,101 | 1,101 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 18,205 | 18,205 |  |  |
Building / Construction in Progress & Improvements | 50,427 | 50,427 |  |  |
Total | 68,632 | 68,632 |  |  |
Accumulated Depreciation | 16,632 | 16,632 |  |  |
Total real estate, net | 52,000 | 52,000 | 53,587 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Ossining |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 168 | 168 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,392 | $ 6,392 |  |  |
Building / Construction in Progress & Improvements | 30,313 | 30,313 |  |  |
Costs Subsequent to Acquisition / Construction | 502 | 502 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,392 | 6,392 |  |  |
Building / Construction in Progress & Improvements | 30,815 | 30,815 |  |  |
Total | 37,207 | 37,207 |  |  |
Accumulated Depreciation | 8,515 | 8,515 |  |  |
Total real estate, net | 28,692 | 28,692 | 29,688 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Huntington Station |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 303 | 303 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 21,899 | $ 21,899 |  |  |
Building / Construction in Progress & Improvements | 58,437 | 58,437 |  |  |
Costs Subsequent to Acquisition / Construction | 570 | 570 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 21,899 | 21,899 |  |  |
Building / Construction in Progress & Improvements | 59,007 | 59,007 |  |  |
Total | 80,906 | 80,906 |  |  |
Accumulated Depreciation | 15,552 | 15,552 |  |  |
Total real estate, net | 65,354 | 65,354 | 67,135 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Green III |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 68 | 68 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,985 | $ 4,985 |  |  |
Building / Construction in Progress & Improvements | 17,300 | 17,300 |  |  |
Costs Subsequent to Acquisition / Construction | 162 | 162 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,985 | 4,985 |  |  |
Building / Construction in Progress & Improvements | 17,462 | 17,462 |  |  |
Total | 22,447 | 22,447 |  |  |
Accumulated Depreciation | 3,760 | 3,760 |  |  |
Total real estate, net | 18,687 | 18,687 | 19,346 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Great Neck |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 191 | 191 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,777 | $ 14,777 |  |  |
Building / Construction in Progress & Improvements | 65,412 | 65,412 |  |  |
Costs Subsequent to Acquisition / Construction | 33 | 33 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,777 | 14,777 |  |  |
Building / Construction in Progress & Improvements | 65,445 | 65,445 |  |  |
Total | 80,222 | 80,222 |  |  |
Accumulated Depreciation | 11,736 | 11,736 |  |  |
Total real estate, net | 68,486 | 68,486 | 71,269 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Rockville Centre II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 165 | 165 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,534 | $ 7,534 |  |  |
Building / Construction in Progress & Improvements | 50,981 | 50,981 |  |  |
Costs Subsequent to Acquisition / Construction | 2 | 2 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,534 | 7,534 |  |  |
Building / Construction in Progress & Improvements | 50,983 | 50,983 |  |  |
Total | 58,517 | 58,517 |  |  |
Accumulated Depreciation | 8,716 | 8,716 |  |  |
Total real estate, net | 49,801 | 49,801 | 51,913 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Somers |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 152 | 152 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,610 | $ 5,610 |  |  |
Building / Construction in Progress & Improvements | 40,591 | 40,591 |  |  |
Costs Subsequent to Acquisition / Construction | 24 | 24 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,610 | 5,610 |  |  |
Building / Construction in Progress & Improvements | 40,615 | 40,615 |  |  |
Total | 46,225 | 46,225 |  |  |
Accumulated Depreciation | 6,779 | 6,779 |  |  |
Total real estate, net | 39,446 | 39,446 | 41,054 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Westbury |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 396 | 396 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 69,620 | $ 69,620 |  |  |
Building / Construction in Progress & Improvements | 43,781 | 43,781 |  |  |
Costs Subsequent to Acquisition / Construction | 14,714 | 14,714 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 69,620 | 69,620 |  |  |
Building / Construction in Progress & Improvements | 58,495 | 58,495 |  |  |
Total | 128,115 | 128,115 |  |  |
Accumulated Depreciation | 25,996 | 25,996 |  |  |
Total real estate, net | 102,119 | 102,119 | 103,536 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Cove |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 504 | 504 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,760 | $ 8,760 |  |  |
Building / Construction in Progress & Improvements | 82,422 | 82,422 |  |  |
Costs Subsequent to Acquisition / Construction | 31,488 | 31,488 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,760 | 8,760 |  |  |
Building / Construction in Progress & Improvements | 113,910 | 113,910 |  |  |
Total | 122,670 | 122,670 |  |  |
Accumulated Depreciation | 81,706 | 81,706 |  |  |
Total real estate, net | 40,964 | 40,964 | 43,525 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Edgewater I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 168 | 168 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,982 | $ 5,982 |  |  |
Building / Construction in Progress & Improvements | 24,389 | 24,389 |  |  |
Costs Subsequent to Acquisition / Construction | 9,676 | 9,676 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,982 | 5,982 |  |  |
Building / Construction in Progress & Improvements | 34,065 | 34,065 |  |  |
Total | 40,047 | 40,047 |  |  |
Accumulated Depreciation | 21,245 | 21,245 |  |  |
Total real estate, net | 18,802 | 18,802 | 20,203 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Florham Park |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 270 | 270 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,647 | $ 6,647 |  |  |
Building / Construction in Progress & Improvements | 34,906 | 34,906 |  |  |
Costs Subsequent to Acquisition / Construction | 16,926 | 16,926 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,647 | 6,647 |  |  |
Building / Construction in Progress & Improvements | 51,832 | 51,832 |  |  |
Total | 58,479 | 58,479 |  |  |
Accumulated Depreciation | 31,760 | 31,760 |  |  |
Total real estate, net | 26,719 | 26,719 | 28,581 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon North Bergen |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 164 | 164 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,984 | $ 8,984 |  |  |
Building / Construction in Progress & Improvements | 30,994 | 30,994 |  |  |
Costs Subsequent to Acquisition / Construction | 1,255 | 1,255 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,984 | 8,984 |  |  |
Building / Construction in Progress & Improvements | 32,249 | 32,249 |  |  |
Total | 41,233 | 41,233 |  |  |
Accumulated Depreciation | 10,983 | 10,983 |  |  |
Total real estate, net | 30,250 | 30,250 | 31,192 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Wesmont Station I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 266 | 266 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,682 | $ 14,682 |  |  |
Building / Construction in Progress & Improvements | 41,610 | 41,610 |  |  |
Costs Subsequent to Acquisition / Construction | 2,865 | 2,865 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,682 | 14,682 |  |  |
Building / Construction in Progress & Improvements | 44,475 | 44,475 |  |  |
Total | 59,157 | 59,157 |  |  |
Accumulated Depreciation | 14,925 | 14,925 |  |  |
Total real estate, net | 44,232 | 44,232 | 45,213 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Hackensack at Riverside |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 226 | 226 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,939 | $ 9,939 |  |  |
Building / Construction in Progress & Improvements | 44,619 | 44,619 |  |  |
Costs Subsequent to Acquisition / Construction | 1,653 | 1,653 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,939 | 9,939 |  |  |
Building / Construction in Progress & Improvements | 46,272 | 46,272 |  |  |
Total | 56,211 | 56,211 |  |  |
Accumulated Depreciation | 13,808 | 13,808 |  |  |
Total real estate, net | 42,403 | 42,403 | 33,551 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Wesmont Station II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 140 | 140 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,502 | $ 6,502 |  |  |
Building / Construction in Progress & Improvements | 16,863 | 16,863 |  |  |
Costs Subsequent to Acquisition / Construction | 488 | 488 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,502 | 6,502 |  |  |
Building / Construction in Progress & Improvements | 17,351 | 17,351 |  |  |
Total | 23,853 | 23,853 |  |  |
Accumulated Depreciation | 5,367 | 5,367 |  |  |
Total real estate, net | 18,486 | 18,486 | 18,945 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Bloomingdale |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 174 | 174 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,006 | $ 3,006 |  |  |
Building / Construction in Progress & Improvements | 27,801 | 27,801 |  |  |
Costs Subsequent to Acquisition / Construction | 435 | 435 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,006 | 3,006 |  |  |
Building / Construction in Progress & Improvements | 28,236 | 28,236 |  |  |
Total | 31,242 | 31,242 |  |  |
Accumulated Depreciation | 8,138 | 8,138 |  |  |
Total real estate, net | 23,104 | 23,104 | 23,814 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Wharton |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 247 | 247 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,273 | $ 2,273 |  |  |
Building / Construction in Progress & Improvements | 48,609 | 48,609 |  |  |
Costs Subsequent to Acquisition / Construction | 1,465 | 1,465 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,273 | 2,273 |  |  |
Building / Construction in Progress & Improvements | 50,074 | 50,074 |  |  |
Total | 52,347 | 52,347 |  |  |
Accumulated Depreciation | 12,285 | 12,285 |  |  |
Total real estate, net | 40,062 | 40,062 | 40,947 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Bloomfield Station |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 224 | 224 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,701 | $ 10,701 |  |  |
Building / Construction in Progress & Improvements | 36,430 | 36,430 |  |  |
Costs Subsequent to Acquisition / Construction | 147 | 147 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,701 | 10,701 |  |  |
Building / Construction in Progress & Improvements | 36,577 | 36,577 |  |  |
Total | 47,278 | 47,278 |  |  |
Accumulated Depreciation | 8,630 | 8,630 |  |  |
Total real estate, net | 38,648 | 38,648 | 39,918 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Roseland |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 136 | 136 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 11,288 | $ 11,288 |  |  |
Building / Construction in Progress & Improvements | 34,868 | 34,868 |  |  |
Costs Subsequent to Acquisition / Construction | 141 | 141 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 11,288 | 11,288 |  |  |
Building / Construction in Progress & Improvements | 35,009 | 35,009 |  |  |
Total | 46,297 | 46,297 |  |  |
Accumulated Depreciation | 8,291 | 8,291 |  |  |
Total real estate, net | 38,006 | 38,006 | 39,184 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Princeton |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 280 | 280 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 26,461 | $ 26,461 |  |  |
Building / Construction in Progress & Improvements | 68,003 | 68,003 |  |  |
Costs Subsequent to Acquisition / Construction | 799 | 799 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 26,461 | 26,461 |  |  |
Building / Construction in Progress & Improvements | 68,802 | 68,802 |  |  |
Total | 95,263 | 95,263 |  |  |
Accumulated Depreciation | 12,914 | 12,914 |  |  |
Total real estate, net | 82,349 | 82,349 | 84,921 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Union |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 202 | 202 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 11,695 | $ 11,695 |  |  |
Building / Construction in Progress & Improvements | 36,315 | 36,315 |  |  |
Costs Subsequent to Acquisition / Construction | 99 | 99 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 11,695 | 11,695 |  |  |
Building / Construction in Progress & Improvements | 36,414 | 36,414 |  |  |
Total | 48,109 | 48,109 |  |  |
Accumulated Depreciation | 7,771 | 7,771 |  |  |
Total real estate, net | 40,338 | 40,338 | 41,666 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Hoboken |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 217 | 217 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 37,237 | $ 37,237 |  |  |
Building / Construction in Progress & Improvements | 90,278 | 90,278 |  |  |
Costs Subsequent to Acquisition / Construction | 6,779 | 6,779 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 37,237 | 37,237 |  |  |
Building / Construction in Progress & Improvements | 97,057 | 97,057 |  |  |
Total | 134,294 | 134,294 |  |  |
Accumulated Depreciation | 25,636 | 25,636 |  |  |
Total real estate, net | 108,658 | 108,658 | 112,056 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Maplewood |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 235 | 235 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 15,179 | $ 15,179 |  |  |
Building / Construction in Progress & Improvements | 49,425 | 49,425 |  |  |
Costs Subsequent to Acquisition / Construction | 139 | 139 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 15,179 | 15,179 |  |  |
Building / Construction in Progress & Improvements | 49,564 | 49,564 |  |  |
Total | 64,743 | 64,743 |  |  |
Accumulated Depreciation | 8,845 | 8,845 |  |  |
Total real estate, net | 55,898 | 55,898 | 58,458 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Piscataway |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 360 | 360 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,329 | $ 14,329 |  |  |
Building / Construction in Progress & Improvements | 75,897 | 75,897 |  |  |
Costs Subsequent to Acquisition / Construction | 12 | 12 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,329 | 14,329 |  |  |
Building / Construction in Progress & Improvements | 75,909 | 75,909 |  |  |
Total | 90,238 | 90,238 |  |  |
Accumulated Depreciation | 9,206 | 9,206 |  |  |
Total real estate, net | 81,032 | 81,032 | 83,974 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Edgewater II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 240 | 240 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,605 | $ 8,605 |  |  |
Building / Construction in Progress & Improvements | 60,810 | 60,810 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,605 | 8,605 |  |  |
Building / Construction in Progress & Improvements | 60,810 | 60,810 |  |  |
Total | 69,415 | 69,415 |  |  |
Accumulated Depreciation | 8,782 | 8,782 |  |  |
Total real estate, net | 60,633 | 60,633 | 63,194 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Foxhall |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 308 | 308 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,848 | $ 6,848 |  |  |
Building / Construction in Progress & Improvements | 27,614 | 27,614 |  |  |
Costs Subsequent to Acquisition / Construction | 20,906 | 20,906 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,848 | 6,848 |  |  |
Building / Construction in Progress & Improvements | 48,520 | 48,520 |  |  |
Total | 55,368 | 55,368 |  |  |
Accumulated Depreciation | 38,110 | 38,110 |  |  |
Total real estate, net | 17,258 | 17,258 | 18,453 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Gallery Place |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 203 | 203 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,800 | $ 8,800 |  |  |
Building / Construction in Progress & Improvements | 39,658 | 39,658 |  |  |
Costs Subsequent to Acquisition / Construction | 4,369 | 4,369 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,800 | 8,800 |  |  |
Building / Construction in Progress & Improvements | 44,027 | 44,027 |  |  |
Total | 52,827 | 52,827 |  |  |
Accumulated Depreciation | 27,661 | 27,661 |  |  |
Total real estate, net | 25,166 | 25,166 | 26,289 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA H Street |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 138 | 138 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,425 | $ 7,425 |  |  |
Building / Construction in Progress & Improvements | 25,282 | 25,282 |  |  |
Costs Subsequent to Acquisition / Construction | 206 | 206 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,425 | 7,425 |  |  |
Building / Construction in Progress & Improvements | 25,488 | 25,488 |  |  |
Total | 32,913 | 32,913 |  |  |
Accumulated Depreciation | 8,425 | 8,425 |  |  |
Total real estate, net | 24,488 | 24,488 | 25,314 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon The Albemarle |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 234 | 234 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 25,140 | $ 25,140 |  |  |
Building / Construction in Progress & Improvements | 52,459 | 52,459 |  |  |
Costs Subsequent to Acquisition / Construction | 9,955 | 9,955 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 25,140 | 25,140 |  |  |
Building / Construction in Progress & Improvements | 62,414 | 62,414 |  |  |
Total | 87,554 | 87,554 |  |  |
Accumulated Depreciation | 22,649 | 22,649 |  |  |
Total real estate, net | 64,905 | 64,905 | 66,580 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Tunlaw Gardens |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 166 | 166 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 16,430 | $ 16,430 |  |  |
Building / Construction in Progress & Improvements | 22,902 | 22,902 |  |  |
Costs Subsequent to Acquisition / Construction | 2,654 | 2,654 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 16,430 | 16,430 |  |  |
Building / Construction in Progress & Improvements | 25,556 | 25,556 |  |  |
Total | 41,986 | 41,986 |  |  |
Accumulated Depreciation | 9,303 | 9,303 |  |  |
Total real estate, net | 32,683 | 32,683 | 33,450 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | The Statesman |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 281 | 281 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 38,140 | $ 38,140 |  |  |
Building / Construction in Progress & Improvements | 35,352 | 35,352 |  |  |
Costs Subsequent to Acquisition / Construction | 6,200 | 6,200 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 38,140 | 38,140 |  |  |
Building / Construction in Progress & Improvements | 41,552 | 41,552 |  |  |
Total | 79,692 | 79,692 |  |  |
Accumulated Depreciation | 15,825 | 15,825 |  |  |
Total real estate, net | 63,867 | 63,867 | 64,710 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Glover Park |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 120 | 120 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,580 | $ 9,580 |  |  |
Building / Construction in Progress & Improvements | 26,532 | 26,532 |  |  |
Costs Subsequent to Acquisition / Construction | 2,839 | 2,839 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,580 | 9,580 |  |  |
Building / Construction in Progress & Improvements | 29,371 | 29,371 |  |  |
Total | 38,951 | 38,951 |  |  |
Accumulated Depreciation | 10,841 | 10,841 |  |  |
Total real estate, net | 28,110 | 28,110 | 28,920 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Van Ness |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 269 | 269 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 22,890 | $ 22,890 |  |  |
Building / Construction in Progress & Improvements | 58,691 | 58,691 |  |  |
Costs Subsequent to Acquisition / Construction | 23,142 | 23,142 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 22,890 | 22,890 |  |  |
Building / Construction in Progress & Improvements | 81,833 | 81,833 |  |  |
Total | 104,723 | 104,723 |  |  |
Accumulated Depreciation | 24,882 | 24,882 |  |  |
Total real estate, net | 79,841 | 79,841 | 81,329 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon First and M |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 469 | 469 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 43,700 | $ 43,700 |  |  |
Building / Construction in Progress & Improvements | 153,950 | 153,950 |  |  |
Costs Subsequent to Acquisition / Construction | 4,402 | 4,402 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 43,700 | 43,700 |  |  |
Building / Construction in Progress & Improvements | 158,352 | 158,352 |  |  |
Total | 202,052 | 202,052 |  |  |
Accumulated Depreciation | 50,346 | 50,346 |  |  |
Total real estate, net | 151,706 | 151,706 | 156,732 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA NoMa |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 438 | 438 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 25,246 | $ 25,246 |  |  |
Building / Construction in Progress & Improvements | 114,933 | 114,933 |  |  |
Costs Subsequent to Acquisition / Construction | 884 | 884 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 25,246 | 25,246 |  |  |
Building / Construction in Progress & Improvements | 115,817 | 115,817 |  |  |
Total | 141,063 | 141,063 |  |  |
Accumulated Depreciation | 22,102 | 22,102 |  |  |
Total real estate, net | 118,961 | 118,961 | 123,946 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Washingtonian Center |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 288 | 288 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,047 | $ 4,047 |  |  |
Building / Construction in Progress & Improvements | 18,553 | 18,553 |  |  |
Costs Subsequent to Acquisition / Construction | 5,684 | 5,684 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,047 | 4,047 |  |  |
Building / Construction in Progress & Improvements | 24,237 | 24,237 |  |  |
Total | 28,284 | 28,284 |  |  |
Accumulated Depreciation | 18,888 | 18,888 |  |  |
Total real estate, net | 9,396 | 9,396 | 9,966 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Columbia Town Center |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 392 | 392 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,802 | $ 8,802 |  |  |
Building / Construction in Progress & Improvements | 35,536 | 35,536 |  |  |
Costs Subsequent to Acquisition / Construction | 14,000 | 14,000 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,802 | 8,802 |  |  |
Building / Construction in Progress & Improvements | 49,536 | 49,536 |  |  |
Total | 58,338 | 58,338 |  |  |
Accumulated Depreciation | 27,806 | 27,806 |  |  |
Total real estate, net | 30,532 | 30,532 | 31,564 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Grosvenor Station |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 497 | 497 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 29,159 | $ 29,159 |  |  |
Building / Construction in Progress & Improvements | 52,993 | 52,993 |  |  |
Costs Subsequent to Acquisition / Construction | 6,945 | 6,945 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 29,159 | 29,159 |  |  |
Building / Construction in Progress & Improvements | 59,938 | 59,938 |  |  |
Total | 89,097 | 89,097 |  |  |
Accumulated Depreciation | 36,126 | 36,126 |  |  |
Total real estate, net | 52,971 | 52,971 | 54,347 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Traville |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 520 | 520 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,365 | $ 14,365 |  |  |
Building / Construction in Progress & Improvements | 55,398 | 55,398 |  |  |
Costs Subsequent to Acquisition / Construction | 7,739 | 7,739 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,365 | 14,365 |  |  |
Building / Construction in Progress & Improvements | 63,137 | 63,137 |  |  |
Total | 77,502 | 77,502 |  |  |
Accumulated Depreciation | 38,383 | 38,383 |  |  |
Total real estate, net | 39,119 | 39,119 | 41,355 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Wheaton |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 319 | 319 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,494 | $ 6,494 |  |  |
Building / Construction in Progress & Improvements | 69,027 | 69,027 |  |  |
Costs Subsequent to Acquisition / Construction | 95 | 95 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,494 | 6,494 |  |  |
Building / Construction in Progress & Improvements | 69,122 | 69,122 |  |  |
Total | 75,616 | 75,616 |  |  |
Accumulated Depreciation | 11,705 | 11,705 |  |  |
Total real estate, net | 63,911 | 63,911 | 66,576 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Hunt Valley |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 332 | 332 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,872 | $ 10,872 |  |  |
Building / Construction in Progress & Improvements | 62,992 | 62,992 |  |  |
Costs Subsequent to Acquisition / Construction | 43 | 43 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,872 | 10,872 |  |  |
Building / Construction in Progress & Improvements | 63,035 | 63,035 |  |  |
Total | 73,907 | 73,907 |  |  |
Accumulated Depreciation | 11,598 | 11,598 |  |  |
Total real estate, net | 62,309 | 62,309 | 64,682 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Laurel |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 344 | 344 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,130 | $ 10,130 |  |  |
Building / Construction in Progress & Improvements | 61,685 | 61,685 |  |  |
Costs Subsequent to Acquisition / Construction | 86 | 86 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,130 | 10,130 |  |  |
Building / Construction in Progress & Improvements | 61,771 | 61,771 |  |  |
Total | 71,901 | 71,901 |  |  |
Accumulated Depreciation | 11,961 | 11,961 |  |  |
Total real estate, net | 59,940 | 59,940 | 62,170 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Fairway Hills - Meadows |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 192 | 192 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,323 | $ 2,323 |  |  |
Building / Construction in Progress & Improvements | 9,297 | 9,297 |  |  |
Costs Subsequent to Acquisition / Construction | 5,119 | 5,119 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,323 | 2,323 |  |  |
Building / Construction in Progress & Improvements | 14,416 | 14,416 |  |  |
Total | 16,739 | 16,739 |  |  |
Accumulated Depreciation | 11,054 | 11,054 |  |  |
Total real estate, net | 5,685 | 5,685 | 6,121 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Fairway Hills - Woods |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 336 | 336 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,958 | $ 3,958 |  |  |
Building / Construction in Progress & Improvements | 15,839 | 15,839 |  |  |
Costs Subsequent to Acquisition / Construction | 14,246 | 14,246 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,958 | 3,958 |  |  |
Building / Construction in Progress & Improvements | 30,085 | 30,085 |  |  |
Total | 34,043 | 34,043 |  |  |
Accumulated Depreciation | 18,929 | 18,929 |  |  |
Total real estate, net | 15,114 | 15,114 | 15,354 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Arundel Crossing |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 310 | 310 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,208 | $ 12,208 |  |  |
Building / Construction in Progress & Improvements | 69,888 | 69,888 |  |  |
Costs Subsequent to Acquisition / Construction | 2,580 | 2,580 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,208 | 12,208 |  |  |
Building / Construction in Progress & Improvements | 72,468 | 72,468 |  |  |
Total | 84,676 | 84,676 |  |  |
Accumulated Depreciation | 12,606 | 12,606 |  |  |
Total real estate, net | 72,070 | 72,070 | 75,145 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Kanso Silver Spring |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 151 | 151 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,471 | $ 3,471 |  |  |
Building / Construction in Progress & Improvements | 41,393 | 41,393 |  |  |
Costs Subsequent to Acquisition / Construction | 1,016 | 1,016 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,471 | 3,471 |  |  |
Building / Construction in Progress & Improvements | 42,409 | 42,409 |  |  |
Total | 45,880 | 45,880 |  |  |
Accumulated Depreciation | 4,737 | 4,737 |  |  |
Total real estate, net | 41,143 | 41,143 | 42,724 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Russett |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 238 | 238 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,200 | $ 10,200 |  |  |
Building / Construction in Progress & Improvements | 47,524 | 47,524 |  |  |
Costs Subsequent to Acquisition / Construction | 4,665 | 4,665 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,200 | 10,200 |  |  |
Building / Construction in Progress & Improvements | 52,189 | 52,189 |  |  |
Total | 62,389 | 62,389 |  |  |
Accumulated Depreciation | 18,723 | 18,723 |  |  |
Total real estate, net | 43,666 | 43,666 | 45,018 |  |
Encumbrances | $ 32,200 | $ 32,200 |  |  |
Current Communities | eaves Fair Lakes |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 420 | 420 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,096 | $ 6,096 |  |  |
Building / Construction in Progress & Improvements | 24,400 | 24,400 |  |  |
Costs Subsequent to Acquisition / Construction | 13,732 | 13,732 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,096 | 6,096 |  |  |
Building / Construction in Progress & Improvements | 38,132 | 38,132 |  |  |
Total | 44,228 | 44,228 |  |  |
Accumulated Depreciation | 27,144 | 27,144 |  |  |
Total real estate, net | 17,084 | 17,084 | 17,510 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Fairfax City |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 141 | 141 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,152 | $ 2,152 |  |  |
Building / Construction in Progress & Improvements | 8,907 | 8,907 |  |  |
Costs Subsequent to Acquisition / Construction | 5,726 | 5,726 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,152 | 2,152 |  |  |
Building / Construction in Progress & Improvements | 14,633 | 14,633 |  |  |
Total | 16,785 | 16,785 |  |  |
Accumulated Depreciation | 10,105 | 10,105 |  |  |
Total real estate, net | 6,680 | 6,680 | 7,131 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Tysons Corner |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 558 | 558 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 13,851 | $ 13,851 |  |  |
Building / Construction in Progress & Improvements | 43,397 | 43,397 |  |  |
Costs Subsequent to Acquisition / Construction | 15,381 | 15,381 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 13,851 | 13,851 |  |  |
Building / Construction in Progress & Improvements | 58,778 | 58,778 |  |  |
Total | 72,629 | 72,629 |  |  |
Accumulated Depreciation | 41,264 | 41,264 |  |  |
Total real estate, net | 31,365 | 31,365 | 32,482 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Arlington Square |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 842 | 842 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 22,041 | $ 22,041 |  |  |
Building / Construction in Progress & Improvements | 90,296 | 90,296 |  |  |
Costs Subsequent to Acquisition / Construction | 33,327 | 33,327 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 22,041 | 22,041 |  |  |
Building / Construction in Progress & Improvements | 123,623 | 123,623 |  |  |
Total | 145,664 | 145,664 |  |  |
Accumulated Depreciation | 71,324 | 71,324 |  |  |
Total real estate, net | 74,340 | 74,340 | 78,296 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Park Crest |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 354 | 354 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 13,554 | $ 13,554 |  |  |
Building / Construction in Progress & Improvements | 63,526 | 63,526 |  |  |
Costs Subsequent to Acquisition / Construction | 1,148 | 1,148 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 13,554 | 13,554 |  |  |
Building / Construction in Progress & Improvements | 64,674 | 64,674 |  |  |
Total | 78,228 | 78,228 |  |  |
Accumulated Depreciation | 21,088 | 21,088 |  |  |
Total real estate, net | 57,140 | 57,140 | 59,222 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Fairfax Towers |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 415 | 415 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 17,889 | $ 17,889 |  |  |
Building / Construction in Progress & Improvements | 74,727 | 74,727 |  |  |
Costs Subsequent to Acquisition / Construction | 15,983 | 15,983 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 17,889 | 17,889 |  |  |
Building / Construction in Progress & Improvements | 90,710 | 90,710 |  |  |
Total | 108,599 | 108,599 |  |  |
Accumulated Depreciation | 32,034 | 32,034 |  |  |
Total real estate, net | 76,565 | 76,565 | 79,810 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Mosaic |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 531 | 531 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 33,490 | $ 33,490 |  |  |
Building / Construction in Progress & Improvements | 75,801 | 75,801 |  |  |
Costs Subsequent to Acquisition / Construction | 472 | 472 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 33,490 | 33,490 |  |  |
Building / Construction in Progress & Improvements | 76,273 | 76,273 |  |  |
Total | 109,763 | 109,763 |  |  |
Accumulated Depreciation | 21,584 | 21,584 |  |  |
Total real estate, net | 88,179 | 88,179 | 90,752 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Potomac Yard |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 323 | 323 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 24,225 | $ 24,225 |  |  |
Building / Construction in Progress & Improvements | 81,982 | 81,982 |  |  |
Costs Subsequent to Acquisition / Construction | 2,996 | 2,996 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 24,225 | 24,225 |  |  |
Building / Construction in Progress & Improvements | 84,978 | 84,978 |  |  |
Total | 109,203 | 109,203 |  |  |
Accumulated Depreciation | 21,942 | 21,942 |  |  |
Total real estate, net | 87,261 | 87,261 | 90,551 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Clarendon |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 300 | 300 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 22,573 | $ 22,573 |  |  |
Building / Construction in Progress & Improvements | 95,355 | 95,355 |  |  |
Costs Subsequent to Acquisition / Construction | 9,841 | 9,841 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 22,573 | 22,573 |  |  |
Building / Construction in Progress & Improvements | 105,196 | 105,196 |  |  |
Total | 127,769 | 127,769 |  |  |
Accumulated Depreciation | 25,243 | 25,243 |  |  |
Total real estate, net | 102,526 | 102,526 | 106,458 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Columbia Pike |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 269 | 269 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 18,830 | $ 18,830 |  |  |
Building / Construction in Progress & Improvements | 82,427 | 82,427 |  |  |
Costs Subsequent to Acquisition / Construction | 4,448 | 4,448 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 18,830 | 18,830 |  |  |
Building / Construction in Progress & Improvements | 86,875 | 86,875 |  |  |
Total | 105,705 | 105,705 |  |  |
Accumulated Depreciation | 19,652 | 19,652 |  |  |
Total real estate, net | 86,053 | 86,053 | 89,191 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Dunn Loring |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 440 | 440 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 29,377 | $ 29,377 |  |  |
Building / Construction in Progress & Improvements | 115,465 | 115,465 |  |  |
Costs Subsequent to Acquisition / Construction | 8,235 | 8,235 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 29,377 | 29,377 |  |  |
Building / Construction in Progress & Improvements | 123,700 | 123,700 |  |  |
Total | 153,077 | 153,077 |  |  |
Accumulated Depreciation | 28,138 | 28,138 |  |  |
Total real estate, net | 124,939 | 124,939 | 130,459 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Tysons Corner |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 217 | 217 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 16,030 | $ 16,030 |  |  |
Building / Construction in Progress & Improvements | 45,420 | 45,420 |  |  |
Costs Subsequent to Acquisition / Construction | 3,512 | 3,512 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 16,030 | 16,030 |  |  |
Building / Construction in Progress & Improvements | 48,932 | 48,932 |  |  |
Total | 64,962 | 64,962 |  |  |
Accumulated Depreciation | 18,745 | 18,745 |  |  |
Total real estate, net | 46,217 | 46,217 | 47,822 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Ballston Square |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 714 | 714 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 71,640 | $ 71,640 |  |  |
Building / Construction in Progress & Improvements | 215,937 | 215,937 |  |  |
Costs Subsequent to Acquisition / Construction | 43,290 | 43,290 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 71,640 | 71,640 |  |  |
Building / Construction in Progress & Improvements | 259,227 | 259,227 |  |  |
Total | 330,867 | 330,867 |  |  |
Accumulated Depreciation | 84,032 | 84,032 |  |  |
Total real estate, net | 246,835 | 246,835 | 254,311 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Courthouse Place |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 564 | 564 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 56,550 | $ 56,550 |  |  |
Building / Construction in Progress & Improvements | 178,032 | 178,032 |  |  |
Costs Subsequent to Acquisition / Construction | 15,783 | 15,783 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 56,550 | 56,550 |  |  |
Building / Construction in Progress & Improvements | 193,815 | 193,815 |  |  |
Total | 250,365 | 250,365 |  |  |
Accumulated Depreciation | 64,153 | 64,153 |  |  |
Total real estate, net | 186,212 | 186,212 | 189,316 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Arlington North |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 228 | 228 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 21,600 | $ 21,600 |  |  |
Building / Construction in Progress & Improvements | 59,076 | 59,076 |  |  |
Costs Subsequent to Acquisition / Construction | 2,035 | 2,035 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 21,600 | 21,600 |  |  |
Building / Construction in Progress & Improvements | 61,111 | 61,111 |  |  |
Total | 82,711 | 82,711 |  |  |
Accumulated Depreciation | 17,227 | 17,227 |  |  |
Total real estate, net | 65,484 | 65,484 | 66,951 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Reston Landing |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 400 | 400 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 26,710 | $ 26,710 |  |  |
Building / Construction in Progress & Improvements | 83,084 | 83,084 |  |  |
Costs Subsequent to Acquisition / Construction | 11,692 | 11,692 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 26,710 | 26,710 |  |  |
Building / Construction in Progress & Improvements | 94,776 | 94,776 |  |  |
Total | 121,486 | 121,486 |  |  |
Accumulated Depreciation | 35,119 | 35,119 |  |  |
Total real estate, net | 86,367 | 86,367 | 87,262 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Falls Church |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 384 | 384 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 39,544 | $ 39,544 |  |  |
Building / Construction in Progress & Improvements | 66,160 | 66,160 |  |  |
Costs Subsequent to Acquisition / Construction | 128 | 128 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 39,544 | 39,544 |  |  |
Building / Construction in Progress & Improvements | 66,288 | 66,288 |  |  |
Total | 105,832 | 105,832 |  |  |
Accumulated Depreciation | 15,780 | 15,780 |  |  |
Total real estate, net | 90,052 | 90,052 | 92,531 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Denver West |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 252 | 252 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,047 | $ 8,047 |  |  |
Building / Construction in Progress & Improvements | 67,861 | 67,861 |  |  |
Costs Subsequent to Acquisition / Construction | 2,296 | 2,296 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,047 | 8,047 |  |  |
Building / Construction in Progress & Improvements | 70,157 | 70,157 |  |  |
Total | 78,204 | 78,204 |  |  |
Accumulated Depreciation | 14,211 | 14,211 |  |  |
Total real estate, net | 63,993 | 63,993 | 66,566 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Meadows at Castle Rock |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 240 | 240 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,527 | $ 8,527 |  |  |
Building / Construction in Progress & Improvements | 64,565 | 64,565 |  |  |
Costs Subsequent to Acquisition / Construction | 1,062 | 1,062 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,527 | 8,527 |  |  |
Building / Construction in Progress & Improvements | 65,627 | 65,627 |  |  |
Total | 74,154 | 74,154 |  |  |
Accumulated Depreciation | 10,213 | 10,213 |  |  |
Total real estate, net | 63,941 | 63,941 | 66,730 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Red Rocks |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 256 | 256 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,461 | $ 4,461 |  |  |
Building / Construction in Progress & Improvements | 70,103 | 70,103 |  |  |
Costs Subsequent to Acquisition / Construction | 1,553 | 1,553 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,461 | 4,461 |  |  |
Building / Construction in Progress & Improvements | 71,656 | 71,656 |  |  |
Total | 76,117 | 76,117 |  |  |
Accumulated Depreciation | 11,586 | 11,586 |  |  |
Total real estate, net | 64,531 | 64,531 | 67,742 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Southlands |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 338 | 338 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,101 | $ 5,101 |  |  |
Building / Construction in Progress & Improvements | 85,184 | 85,184 |  |  |
Costs Subsequent to Acquisition / Construction | 1,675 | 1,675 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,101 | 5,101 |  |  |
Building / Construction in Progress & Improvements | 86,859 | 86,859 |  |  |
Total | 91,960 | 91,960 |  |  |
Accumulated Depreciation | 12,771 | 12,771 |  |  |
Total real estate, net | 79,189 | 79,189 | 83,056 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon 850 Boca |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 370 | 370 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 21,430 | $ 21,430 |  |  |
Building / Construction in Progress & Improvements | 114,085 | 114,085 |  |  |
Costs Subsequent to Acquisition / Construction | 4,860 | 4,860 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 21,430 | 21,430 |  |  |
Building / Construction in Progress & Improvements | 118,945 | 118,945 |  |  |
Total | 140,375 | 140,375 |  |  |
Accumulated Depreciation | 22,405 | 22,405 |  |  |
Total real estate, net | 117,970 | 117,970 | 122,060 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon West Palm Beach |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 290 | 290 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,597 | $ 9,597 |  |  |
Building / Construction in Progress & Improvements | 90,950 | 90,950 |  |  |
Costs Subsequent to Acquisition / Construction | 3,928 | 3,928 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,597 | 9,597 |  |  |
Building / Construction in Progress & Improvements | 94,878 | 94,878 |  |  |
Total | 104,475 | 104,475 |  |  |
Accumulated Depreciation | 14,739 | 14,739 |  |  |
Total real estate, net | 89,736 | 89,736 | 92,899 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Bonterra |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 314 | 314 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 16,655 | $ 16,655 |  |  |
Building / Construction in Progress & Improvements | 70,822 | 70,822 |  |  |
Costs Subsequent to Acquisition / Construction | 2,919 | 2,919 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 16,655 | 16,655 |  |  |
Building / Construction in Progress & Improvements | 73,741 | 73,741 |  |  |
Total | 90,396 | 90,396 |  |  |
Accumulated Depreciation | 10,811 | 10,811 |  |  |
Total real estate, net | 79,585 | 79,585 | 82,625 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Toscana |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 240 | 240 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,213 | $ 9,213 |  |  |
Building / Construction in Progress & Improvements | 49,705 | 49,705 |  |  |
Costs Subsequent to Acquisition / Construction | 1,835 | 1,835 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,213 | 9,213 |  |  |
Building / Construction in Progress & Improvements | 51,540 | 51,540 |  |  |
Total | 60,753 | 60,753 |  |  |
Accumulated Depreciation | 6,049 | 6,049 |  |  |
Total real estate, net | 54,704 | 54,704 | 56,541 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Bear Creek |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 264 | 264 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,786 | $ 6,786 |  |  |
Building / Construction in Progress & Improvements | 27,641 | 27,641 |  |  |
Costs Subsequent to Acquisition / Construction | 6,511 | 6,511 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,786 | 6,786 |  |  |
Building / Construction in Progress & Improvements | 34,152 | 34,152 |  |  |
Total | 40,938 | 40,938 |  |  |
Accumulated Depreciation | 26,387 | 26,387 |  |  |
Total real estate, net | 14,551 | 14,551 | 15,204 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Bellevue |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 201 | 201 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,664 | $ 6,664 |  |  |
Building / Construction in Progress & Improvements | 24,119 | 24,119 |  |  |
Costs Subsequent to Acquisition / Construction | 4,301 | 4,301 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,664 | 6,664 |  |  |
Building / Construction in Progress & Improvements | 28,420 | 28,420 |  |  |
Total | 35,084 | 35,084 |  |  |
Accumulated Depreciation | 19,452 | 19,452 |  |  |
Total real estate, net | 15,632 | 15,632 | 15,672 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon RockMeadow |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 206 | 206 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,777 | $ 4,777 |  |  |
Building / Construction in Progress & Improvements | 19,765 | 19,765 |  |  |
Costs Subsequent to Acquisition / Construction | 3,958 | 3,958 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,777 | 4,777 |  |  |
Building / Construction in Progress & Improvements | 23,723 | 23,723 |  |  |
Total | 28,500 | 28,500 |  |  |
Accumulated Depreciation | 17,364 | 17,364 |  |  |
Total real estate, net | 11,136 | 11,136 | 11,978 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon ParcSquare |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 124 | 124 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,789 | $ 3,789 |  |  |
Building / Construction in Progress & Improvements | 15,139 | 15,139 |  |  |
Costs Subsequent to Acquisition / Construction | 4,401 | 4,401 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,789 | 3,789 |  |  |
Building / Construction in Progress & Improvements | 19,540 | 19,540 |  |  |
Total | 23,329 | 23,329 |  |  |
Accumulated Depreciation | 13,746 | 13,746 |  |  |
Total real estate, net | 9,583 | 9,583 | 9,932 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Belltown |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 100 | 100 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,644 | $ 5,644 |  |  |
Building / Construction in Progress & Improvements | 12,733 | 12,733 |  |  |
Costs Subsequent to Acquisition / Construction | 2,001 | 2,001 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,644 | 5,644 |  |  |
Building / Construction in Progress & Improvements | 14,734 | 14,734 |  |  |
Total | 20,378 | 20,378 |  |  |
Accumulated Depreciation | 9,974 | 9,974 |  |  |
Total real estate, net | 10,404 | 10,404 | 10,283 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Meydenbauer |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 368 | 368 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,697 | $ 12,697 |  |  |
Building / Construction in Progress & Improvements | 77,450 | 77,450 |  |  |
Costs Subsequent to Acquisition / Construction | 5,253 | 5,253 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,697 | 12,697 |  |  |
Building / Construction in Progress & Improvements | 82,703 | 82,703 |  |  |
Total | 95,400 | 95,400 |  |  |
Accumulated Depreciation | 38,325 | 38,325 |  |  |
Total real estate, net | 57,075 | 57,075 | 58,959 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Towers Bellevue |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 397 | 397 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 123,029 | 123,029 |  |  |
Costs Subsequent to Acquisition / Construction | 2,426 | 2,426 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 125,455 | 125,455 |  |  |
Total | 125,455 | 125,455 |  |  |
Accumulated Depreciation | 49,144 | 49,144 |  |  |
Total real estate, net | 76,311 | 76,311 | 80,021 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Queen Anne |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 203 | 203 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,081 | $ 12,081 |  |  |
Building / Construction in Progress & Improvements | 41,618 | 41,618 |  |  |
Costs Subsequent to Acquisition / Construction | 1,333 | 1,333 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,081 | 12,081 |  |  |
Building / Construction in Progress & Improvements | 42,951 | 42,951 |  |  |
Total | 55,032 | 55,032 |  |  |
Accumulated Depreciation | 15,049 | 15,049 |  |  |
Total real estate, net | 39,983 | 39,983 | 41,139 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Ballard |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 265 | 265 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 16,460 | $ 16,460 |  |  |
Building / Construction in Progress & Improvements | 46,926 | 46,926 |  |  |
Costs Subsequent to Acquisition / Construction | 1,347 | 1,347 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 16,460 | 16,460 |  |  |
Building / Construction in Progress & Improvements | 48,273 | 48,273 |  |  |
Total | 64,733 | 64,733 |  |  |
Accumulated Depreciation | 15,430 | 15,430 |  |  |
Total real estate, net | 49,303 | 49,303 | 50,836 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Alderwood I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 367 | 367 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,294 | $ 12,294 |  |  |
Building / Construction in Progress & Improvements | 55,627 | 55,627 |  |  |
Costs Subsequent to Acquisition / Construction | 100 | 100 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,294 | 12,294 |  |  |
Building / Construction in Progress & Improvements | 55,727 | 55,727 |  |  |
Total | 68,021 | 68,021 |  |  |
Accumulated Depreciation | 14,671 | 14,671 |  |  |
Total real estate, net | 53,350 | 53,350 | 55,272 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Capitol Hill |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 249 | 249 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 20,613 | $ 20,613 |  |  |
Building / Construction in Progress & Improvements | 59,986 | 59,986 |  |  |
Costs Subsequent to Acquisition / Construction | 1,510 | 1,510 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 20,613 | 20,613 |  |  |
Building / Construction in Progress & Improvements | 61,496 | 61,496 |  |  |
Total | 82,109 | 82,109 |  |  |
Accumulated Depreciation | 13,826 | 13,826 |  |  |
Total real estate, net | 68,283 | 68,283 | 70,636 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Esterra Park |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 482 | 482 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 23,178 | $ 23,178 |  |  |
Building / Construction in Progress & Improvements | 112,986 | 112,986 |  |  |
Costs Subsequent to Acquisition / Construction | 1,348 | 1,348 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 23,178 | 23,178 |  |  |
Building / Construction in Progress & Improvements | 114,334 | 114,334 |  |  |
Total | 137,512 | 137,512 |  |  |
Accumulated Depreciation | 21,967 | 21,967 |  |  |
Total real estate, net | 115,545 | 115,545 | 119,784 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Alderwood II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 124 | 124 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,072 | $ 5,072 |  |  |
Building / Construction in Progress & Improvements | 21,418 | 21,418 |  |  |
Costs Subsequent to Acquisition / Construction | 14 | 14 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,072 | 5,072 |  |  |
Building / Construction in Progress & Improvements | 21,432 | 21,432 |  |  |
Total | 26,504 | 26,504 |  |  |
Accumulated Depreciation | 4,135 | 4,135 |  |  |
Total real estate, net | 22,369 | 22,369 | 23,127 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Newcastle Commons I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 378 | 378 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,649 | $ 9,649 |  |  |
Building / Construction in Progress & Improvements | 112,456 | 112,456 |  |  |
Costs Subsequent to Acquisition / Construction | 1,049 | 1,049 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,649 | 9,649 |  |  |
Building / Construction in Progress & Improvements | 113,505 | 113,505 |  |  |
Total | 123,154 | 123,154 |  |  |
Accumulated Depreciation | 18,081 | 18,081 |  |  |
Total real estate, net | 105,073 | 105,073 | 108,810 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Esterra Park |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 323 | 323 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 16,405 | $ 16,405 |  |  |
Building / Construction in Progress & Improvements | 74,569 | 74,569 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 16,405 | 16,405 |  |  |
Building / Construction in Progress & Improvements | 74,569 | 74,569 |  |  |
Total | 90,974 | 90,974 |  |  |
Accumulated Depreciation | 8,161 | 8,161 |  |  |
Total real estate, net | 82,813 | 82,813 | 85,845 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Archstone Redmond Lakeview |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 166 | 166 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,250 | $ 10,250 |  |  |
Building / Construction in Progress & Improvements | 26,842 | 26,842 |  |  |
Costs Subsequent to Acquisition / Construction | 5,216 | 5,216 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,250 | 10,250 |  |  |
Building / Construction in Progress & Improvements | 32,058 | 32,058 |  |  |
Total | 42,308 | 42,308 |  |  |
Accumulated Depreciation | 12,677 | 12,677 |  |  |
Total real estate, net | 29,631 | 29,631 | 30,217 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Campbell |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 348 | 348 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 11,830 | $ 11,830 |  |  |
Building / Construction in Progress & Improvements | 47,828 | 47,828 |  |  |
Costs Subsequent to Acquisition / Construction | 14,961 | 14,961 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 11,830 | 11,830 |  |  |
Building / Construction in Progress & Improvements | 62,789 | 62,789 |  |  |
Total | 74,619 | 74,619 |  |  |
Accumulated Depreciation | 44,026 | 44,026 |  |  |
Total real estate, net | 30,593 | 30,593 | 32,377 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves San Jose |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 442 | 442 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,920 | $ 12,920 |  |  |
Building / Construction in Progress & Improvements | 53,047 | 53,047 |  |  |
Costs Subsequent to Acquisition / Construction | 20,013 | 20,013 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,920 | 12,920 |  |  |
Building / Construction in Progress & Improvements | 73,060 | 73,060 |  |  |
Total | 85,980 | 85,980 |  |  |
Accumulated Depreciation | 45,811 | 45,811 |  |  |
Total real estate, net | 40,169 | 40,169 | 42,111 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon on the Alameda |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 305 | 305 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,119 | $ 6,119 |  |  |
Building / Construction in Progress & Improvements | 50,225 | 50,225 |  |  |
Costs Subsequent to Acquisition / Construction | 13,878 | 13,878 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,119 | 6,119 |  |  |
Building / Construction in Progress & Improvements | 64,103 | 64,103 |  |  |
Total | 70,222 | 70,222 |  |  |
Accumulated Depreciation | 43,915 | 43,915 |  |  |
Total real estate, net | 26,307 | 26,307 | 28,113 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Silicon Valley |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 712 | 712 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 20,713 | $ 20,713 |  |  |
Building / Construction in Progress & Improvements | 99,573 | 99,573 |  |  |
Costs Subsequent to Acquisition / Construction | 36,482 | 36,482 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 20,713 | 20,713 |  |  |
Building / Construction in Progress & Improvements | 136,055 | 136,055 |  |  |
Total | 156,768 | 156,768 |  |  |
Accumulated Depreciation | 90,737 | 90,737 |  |  |
Total real estate, net | 66,031 | 66,031 | 69,922 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Mountain View |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 248 | 248 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,755 | $ 9,755 |  |  |
Building / Construction in Progress & Improvements | 39,393 | 39,393 |  |  |
Costs Subsequent to Acquisition / Construction | 12,770 | 12,770 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,755 | 9,755 |  |  |
Building / Construction in Progress & Improvements | 52,163 | 52,163 |  |  |
Total | 61,918 | 61,918 |  |  |
Accumulated Depreciation | 37,632 | 37,632 |  |  |
Total real estate, net | 24,286 | 24,286 | 25,477 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Creekside |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 296 | 296 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,546 | $ 6,546 |  |  |
Building / Construction in Progress & Improvements | 26,263 | 26,263 |  |  |
Costs Subsequent to Acquisition / Construction | 22,103 | 22,103 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,546 | 6,546 |  |  |
Building / Construction in Progress & Improvements | 48,366 | 48,366 |  |  |
Total | 54,912 | 54,912 |  |  |
Accumulated Depreciation | 32,434 | 32,434 |  |  |
Total real estate, net | 22,478 | 22,478 | 23,859 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Cahill Park |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 218 | 218 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,765 | $ 4,765 |  |  |
Building / Construction in Progress & Improvements | 47,600 | 47,600 |  |  |
Costs Subsequent to Acquisition / Construction | 4,204 | 4,204 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,765 | 4,765 |  |  |
Building / Construction in Progress & Improvements | 51,804 | 51,804 |  |  |
Total | 56,569 | 56,569 |  |  |
Accumulated Depreciation | 33,516 | 33,516 |  |  |
Total real estate, net | 23,053 | 23,053 | 24,035 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Towers on the Peninsula |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 211 | 211 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,560 | $ 9,560 |  |  |
Building / Construction in Progress & Improvements | 56,136 | 56,136 |  |  |
Costs Subsequent to Acquisition / Construction | 14,806 | 14,806 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,560 | 9,560 |  |  |
Building / Construction in Progress & Improvements | 70,942 | 70,942 |  |  |
Total | 80,502 | 80,502 |  |  |
Accumulated Depreciation | 41,731 | 41,731 |  |  |
Total real estate, net | 38,771 | 38,771 | 41,194 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Morrison Park |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 250 | 250 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 13,837 | $ 13,837 |  |  |
Building / Construction in Progress & Improvements | 64,534 | 64,534 |  |  |
Costs Subsequent to Acquisition / Construction | 965 | 965 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 13,837 | 13,837 |  |  |
Building / Construction in Progress & Improvements | 65,499 | 65,499 |  |  |
Total | 79,336 | 79,336 |  |  |
Accumulated Depreciation | 18,220 | 18,220 |  |  |
Total real estate, net | 61,116 | 61,116 | 63,019 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Willow Glen |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 412 | 412 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 46,060 | $ 46,060 |  |  |
Building / Construction in Progress & Improvements | 81,957 | 81,957 |  |  |
Costs Subsequent to Acquisition / Construction | 7,615 | 7,615 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 46,060 | 46,060 |  |  |
Building / Construction in Progress & Improvements | 89,572 | 89,572 |  |  |
Total | 135,632 | 135,632 |  |  |
Accumulated Depreciation | 33,991 | 33,991 |  |  |
Total real estate, net | 101,641 | 101,641 | 105,215 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves West Valley |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 873 | 873 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 90,890 | $ 90,890 |  |  |
Building / Construction in Progress & Improvements | 132,040 | 132,040 |  |  |
Costs Subsequent to Acquisition / Construction | 14,375 | 14,375 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 90,890 | 90,890 |  |  |
Building / Construction in Progress & Improvements | 146,415 | 146,415 |  |  |
Total | 237,305 | 237,305 |  |  |
Accumulated Depreciation | 53,782 | 53,782 |  |  |
Total real estate, net | 183,523 | 183,523 | 188,220 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Mountain View at Middlefield |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 402 | 402 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 64,070 | $ 64,070 |  |  |
Building / Construction in Progress & Improvements | 69,018 | 69,018 |  |  |
Costs Subsequent to Acquisition / Construction | 15,706 | 15,706 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 64,070 | 64,070 |  |  |
Building / Construction in Progress & Improvements | 84,724 | 84,724 |  |  |
Total | 148,794 | 148,794 |  |  |
Accumulated Depreciation | 32,319 | 32,319 |  |  |
Total real estate, net | 116,475 | 116,475 | 118,876 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Fremont |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 308 | 308 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,746 | $ 10,746 |  |  |
Building / Construction in Progress & Improvements | 43,399 | 43,399 |  |  |
Costs Subsequent to Acquisition / Construction | 20,895 | 20,895 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,746 | 10,746 |  |  |
Building / Construction in Progress & Improvements | 64,294 | 64,294 |  |  |
Total | 75,040 | 75,040 |  |  |
Accumulated Depreciation | 41,238 | 41,238 |  |  |
Total real estate, net | 33,802 | 33,802 | 26,076 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Dublin |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 204 | 204 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,276 | $ 5,276 |  |  |
Building / Construction in Progress & Improvements | 19,642 | 19,642 |  |  |
Costs Subsequent to Acquisition / Construction | 12,898 | 12,898 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,276 | 5,276 |  |  |
Building / Construction in Progress & Improvements | 32,540 | 32,540 |  |  |
Total | 37,816 | 37,816 |  |  |
Accumulated Depreciation | 22,253 | 22,253 |  |  |
Total real estate, net | 15,563 | 15,563 | 16,204 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Eaves Pleasanton |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 456 | 456 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 11,610 | $ 11,610 |  |  |
Building / Construction in Progress & Improvements | 46,552 | 46,552 |  |  |
Costs Subsequent to Acquisition / Construction | 28,665 | 28,665 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 11,610 | 11,610 |  |  |
Building / Construction in Progress & Improvements | 75,217 | 75,217 |  |  |
Total | 86,827 | 86,827 |  |  |
Accumulated Depreciation | 49,131 | 49,131 |  |  |
Total real estate, net | 37,696 | 37,696 | 34,590 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Union City |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 208 | 208 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,249 | $ 4,249 |  |  |
Building / Construction in Progress & Improvements | 16,820 | 16,820 |  |  |
Costs Subsequent to Acquisition / Construction | 4,430 | 4,430 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,249 | 4,249 |  |  |
Building / Construction in Progress & Improvements | 21,250 | 21,250 |  |  |
Total | 25,499 | 25,499 |  |  |
Accumulated Depreciation | 16,773 | 16,773 |  |  |
Total real estate, net | 8,726 | 8,726 | 9,318 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Fremont |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 235 | 235 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,581 | $ 6,581 |  |  |
Building / Construction in Progress & Improvements | 26,583 | 26,583 |  |  |
Costs Subsequent to Acquisition / Construction | 11,328 | 11,328 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,581 | 6,581 |  |  |
Building / Construction in Progress & Improvements | 37,911 | 37,911 |  |  |
Total | 44,492 | 44,492 |  |  |
Accumulated Depreciation | 27,572 | 27,572 |  |  |
Total real estate, net | 16,920 | 16,920 | 17,641 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Union City |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 439 | 439 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,732 | $ 14,732 |  |  |
Building / Construction in Progress & Improvements | 104,024 | 104,024 |  |  |
Costs Subsequent to Acquisition / Construction | 3,635 | 3,635 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,732 | 14,732 |  |  |
Building / Construction in Progress & Improvements | 107,659 | 107,659 |  |  |
Total | 122,391 | 122,391 |  |  |
Accumulated Depreciation | 45,362 | 45,362 |  |  |
Total real estate, net | 77,029 | 77,029 | 79,035 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Walnut Creek |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 422 | 422 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 148,846 | 148,846 |  |  |
Costs Subsequent to Acquisition / Construction | 5,845 | 5,845 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 154,691 | 154,691 |  |  |
Total | 154,691 | 154,691 |  |  |
Accumulated Depreciation | 60,751 | 60,751 |  |  |
Total real estate, net | 93,940 | 93,940 | 99,738 |  |
Encumbrances | $ 4,161 | $ 4,161 |  |  |
Current Communities | Avalon Dublin Station |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 253 | 253 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,772 | $ 7,772 |  |  |
Building / Construction in Progress & Improvements | 72,142 | 72,142 |  |  |
Costs Subsequent to Acquisition / Construction | 1,153 | 1,153 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,772 | 7,772 |  |  |
Building / Construction in Progress & Improvements | 73,295 | 73,295 |  |  |
Total | 81,067 | 81,067 |  |  |
Accumulated Depreciation | 20,162 | 20,162 |  |  |
Total real estate, net | 60,905 | 60,905 | 63,419 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Dublin Station II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 252 | 252 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,762 | $ 7,762 |  |  |
Building / Construction in Progress & Improvements | 76,587 | 76,587 |  |  |
Costs Subsequent to Acquisition / Construction | 345 | 345 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,762 | 7,762 |  |  |
Building / Construction in Progress & Improvements | 76,932 | 76,932 |  |  |
Total | 84,694 | 84,694 |  |  |
Accumulated Depreciation | 15,697 | 15,697 |  |  |
Total real estate, net | 68,997 | 68,997 | 71,719 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Walnut Creek |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 510 | 510 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 30,320 | $ 30,320 |  |  |
Building / Construction in Progress & Improvements | 82,375 | 82,375 |  |  |
Costs Subsequent to Acquisition / Construction | 17,731 | 17,731 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 30,320 | 30,320 |  |  |
Building / Construction in Progress & Improvements | 100,106 | 100,106 |  |  |
Total | 130,426 | 130,426 |  |  |
Accumulated Depreciation | 34,225 | 34,225 |  |  |
Total real estate, net | 96,201 | 96,201 | 99,627 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Walnut Ridge I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 106 | 106 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,860 | $ 9,860 |  |  |
Building / Construction in Progress & Improvements | 19,850 | 19,850 |  |  |
Costs Subsequent to Acquisition / Construction | 5,790 | 5,790 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,860 | 9,860 |  |  |
Building / Construction in Progress & Improvements | 25,640 | 25,640 |  |  |
Total | 35,500 | 35,500 |  |  |
Accumulated Depreciation | 8,633 | 8,633 |  |  |
Total real estate, net | 26,867 | 26,867 | 27,441 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Walnut Ridge II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 360 | 360 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 27,190 | $ 27,190 |  |  |
Building / Construction in Progress & Improvements | 57,041 | 57,041 |  |  |
Costs Subsequent to Acquisition / Construction | 13,920 | 13,920 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 27,190 | 27,190 |  |  |
Building / Construction in Progress & Improvements | 70,961 | 70,961 |  |  |
Total | 98,151 | 98,151 |  |  |
Accumulated Depreciation | 24,762 | 24,762 |  |  |
Total real estate, net | 73,389 | 73,389 | 76,041 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Berkeley |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 94 | 94 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,500 | $ 4,500 |  |  |
Building / Construction in Progress & Improvements | 28,689 | 28,689 |  |  |
Costs Subsequent to Acquisition / Construction | 78 | 78 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,500 | 4,500 |  |  |
Building / Construction in Progress & Improvements | 28,767 | 28,767 |  |  |
Total | 33,267 | 33,267 |  |  |
Accumulated Depreciation | 7,490 | 7,490 |  |  |
Total real estate, net | 25,777 | 25,777 | 26,752 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Daly City |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 195 | 195 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,230 | $ 4,230 |  |  |
Building / Construction in Progress & Improvements | 9,659 | 9,659 |  |  |
Costs Subsequent to Acquisition / Construction | 21,046 | 21,046 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,230 | 4,230 |  |  |
Building / Construction in Progress & Improvements | 30,705 | 30,705 |  |  |
Total | 34,935 | 34,935 |  |  |
Accumulated Depreciation | 22,305 | 22,305 |  |  |
Total real estate, net | 12,630 | 12,630 | 13,645 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Nob Hill |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 185 | 185 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,403 | $ 5,403 |  |  |
Building / Construction in Progress & Improvements | 21,567 | 21,567 |  |  |
Costs Subsequent to Acquisition / Construction | 10,054 | 10,054 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,403 | 5,403 |  |  |
Building / Construction in Progress & Improvements | 31,621 | 31,621 |  |  |
Total | 37,024 | 37,024 |  |  |
Accumulated Depreciation | 21,638 | 21,638 |  |  |
Total real estate, net | 15,386 | 15,386 | 15,152 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Foster City |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 288 | 288 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,852 | $ 7,852 |  |  |
Building / Construction in Progress & Improvements | 31,445 | 31,445 |  |  |
Costs Subsequent to Acquisition / Construction | 13,338 | 13,338 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,852 | 7,852 |  |  |
Building / Construction in Progress & Improvements | 44,783 | 44,783 |  |  |
Total | 52,635 | 52,635 |  |  |
Accumulated Depreciation | 32,013 | 32,013 |  |  |
Total real estate, net | 20,622 | 20,622 | 22,074 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Pacifica |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 220 | 220 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,125 | $ 6,125 |  |  |
Building / Construction in Progress & Improvements | 24,796 | 24,796 |  |  |
Costs Subsequent to Acquisition / Construction | 4,711 | 4,711 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,125 | 6,125 |  |  |
Building / Construction in Progress & Improvements | 29,507 | 29,507 |  |  |
Total | 35,632 | 35,632 |  |  |
Accumulated Depreciation | 23,101 | 23,101 |  |  |
Total real estate, net | 12,531 | 12,531 | 13,509 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Sunset Towers |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 243 | 243 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,561 | $ 3,561 |  |  |
Building / Construction in Progress & Improvements | 21,321 | 21,321 |  |  |
Costs Subsequent to Acquisition / Construction | 16,837 | 16,837 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,561 | 3,561 |  |  |
Building / Construction in Progress & Improvements | 38,158 | 38,158 |  |  |
Total | 41,719 | 41,719 |  |  |
Accumulated Depreciation | 25,333 | 25,333 |  |  |
Total real estate, net | 16,386 | 16,386 | 17,689 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Mission Bay I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 250 | 250 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,029 | $ 14,029 |  |  |
Building / Construction in Progress & Improvements | 78,452 | 78,452 |  |  |
Costs Subsequent to Acquisition / Construction | 9,338 | 9,338 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,029 | 14,029 |  |  |
Building / Construction in Progress & Improvements | 87,790 | 87,790 |  |  |
Total | 101,819 | 101,819 |  |  |
Accumulated Depreciation | 55,671 | 55,671 |  |  |
Total real estate, net | 46,148 | 46,148 | 49,567 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon at Mission Bay III |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 260 | 260 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 28,687 | $ 28,687 |  |  |
Building / Construction in Progress & Improvements | 119,156 | 119,156 |  |  |
Costs Subsequent to Acquisition / Construction | 879 | 879 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 28,687 | 28,687 |  |  |
Building / Construction in Progress & Improvements | 120,035 | 120,035 |  |  |
Total | 148,722 | 148,722 |  |  |
Accumulated Depreciation | 51,009 | 51,009 |  |  |
Total real estate, net | 97,713 | 97,713 | 101,615 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Ocean Avenue |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 173 | 173 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,544 | $ 5,544 |  |  |
Building / Construction in Progress & Improvements | 50,906 | 50,906 |  |  |
Costs Subsequent to Acquisition / Construction | 2,527 | 2,527 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,544 | 5,544 |  |  |
Building / Construction in Progress & Improvements | 53,433 | 53,433 |  |  |
Total | 58,977 | 58,977 |  |  |
Accumulated Depreciation | 18,068 | 18,068 |  |  |
Total real estate, net | 40,909 | 40,909 | 42,449 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA 55 Ninth |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 273 | 273 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 20,267 | $ 20,267 |  |  |
Building / Construction in Progress & Improvements | 97,321 | 97,321 |  |  |
Costs Subsequent to Acquisition / Construction | 1,268 | 1,268 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 20,267 | 20,267 |  |  |
Building / Construction in Progress & Improvements | 98,589 | 98,589 |  |  |
Total | 118,856 | 118,856 |  |  |
Accumulated Depreciation | 27,297 | 27,297 |  |  |
Total real estate, net | 91,559 | 91,559 | 94,980 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Hayes Valley |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 182 | 182 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,595 | $ 12,595 |  |  |
Building / Construction in Progress & Improvements | 81,228 | 81,228 |  |  |
Costs Subsequent to Acquisition / Construction | 203 | 203 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,595 | 12,595 |  |  |
Building / Construction in Progress & Improvements | 81,431 | 81,431 |  |  |
Total | 94,026 | 94,026 |  |  |
Accumulated Depreciation | 19,639 | 19,639 |  |  |
Total real estate, net | 74,387 | 74,387 | 77,231 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Dogpatch |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 326 | 326 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 23,523 | $ 23,523 |  |  |
Building / Construction in Progress & Improvements | 180,698 | 180,698 |  |  |
Costs Subsequent to Acquisition / Construction | 232 | 232 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 23,523 | 23,523 |  |  |
Building / Construction in Progress & Improvements | 180,930 | 180,930 |  |  |
Total | 204,453 | 204,453 |  |  |
Accumulated Depreciation | 27,301 | 27,301 |  |  |
Total real estate, net | 177,152 | 177,152 | 184,327 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon San Bruno I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 300 | 300 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 40,780 | $ 40,780 |  |  |
Building / Construction in Progress & Improvements | 68,684 | 68,684 |  |  |
Costs Subsequent to Acquisition / Construction | 7,448 | 7,448 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 40,780 | 40,780 |  |  |
Building / Construction in Progress & Improvements | 76,132 | 76,132 |  |  |
Total | 116,912 | 116,912 |  |  |
Accumulated Depreciation | 27,733 | 27,733 |  |  |
Total real estate, net | 89,179 | 89,179 | 91,800 |  |
Encumbrances | $ 62,350 | $ 62,350 |  |  |
Current Communities | Avalon San Bruno II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 185 | 185 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 23,787 | $ 23,787 |  |  |
Building / Construction in Progress & Improvements | 44,934 | 44,934 |  |  |
Costs Subsequent to Acquisition / Construction | 2,769 | 2,769 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 23,787 | 23,787 |  |  |
Building / Construction in Progress & Improvements | 47,703 | 47,703 |  |  |
Total | 71,490 | 71,490 |  |  |
Accumulated Depreciation | 15,744 | 15,744 |  |  |
Total real estate, net | 55,746 | 55,746 | 57,304 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon San Bruno III |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 187 | 187 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 33,303 | $ 33,303 |  |  |
Building / Construction in Progress & Improvements | 62,910 | 62,910 |  |  |
Costs Subsequent to Acquisition / Construction | 3,318 | 3,318 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 33,303 | 33,303 |  |  |
Building / Construction in Progress & Improvements | 66,228 | 66,228 |  |  |
Total | 99,531 | 99,531 |  |  |
Accumulated Depreciation | 22,003 | 22,003 |  |  |
Total real estate, net | 77,528 | 77,528 | 79,660 |  |
Encumbrances | $ 51,000 | $ 51,000 |  |  |
Current Communities | AVA Burbank |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 748 | 748 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 22,483 | $ 22,483 |  |  |
Building / Construction in Progress & Improvements | 28,104 | 28,104 |  |  |
Costs Subsequent to Acquisition / Construction | 53,051 | 53,051 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 22,483 | 22,483 |  |  |
Building / Construction in Progress & Improvements | 81,155 | 81,155 |  |  |
Total | 103,638 | 103,638 |  |  |
Accumulated Depreciation | 51,937 | 51,937 |  |  |
Total real estate, net | 51,701 | 51,701 | 53,182 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Woodland Hills |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 663 | 663 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 23,828 | $ 23,828 |  |  |
Building / Construction in Progress & Improvements | 40,372 | 40,372 |  |  |
Costs Subsequent to Acquisition / Construction | 59,677 | 59,677 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 23,828 | 23,828 |  |  |
Building / Construction in Progress & Improvements | 100,049 | 100,049 |  |  |
Total | 123,877 | 123,877 |  |  |
Accumulated Depreciation | 58,908 | 58,908 |  |  |
Total real estate, net | 64,969 | 64,969 | 61,517 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Warner Center |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 227 | 227 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,045 | $ 7,045 |  |  |
Building / Construction in Progress & Improvements | 12,986 | 12,986 |  |  |
Costs Subsequent to Acquisition / Construction | 12,595 | 12,595 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,045 | 7,045 |  |  |
Building / Construction in Progress & Improvements | 25,581 | 25,581 |  |  |
Total | 32,626 | 32,626 |  |  |
Accumulated Depreciation | 19,647 | 19,647 |  |  |
Total real estate, net | 12,979 | 12,979 | 13,743 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Glendale |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 223 | 223 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 42,564 | 42,564 |  |  |
Costs Subsequent to Acquisition / Construction | 3,062 | 3,062 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 45,626 | 45,626 |  |  |
Total | 45,626 | 45,626 |  |  |
Accumulated Depreciation | 28,549 | 28,549 |  |  |
Total real estate, net | 17,077 | 17,077 | 18,543 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Burbank |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 400 | 400 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,053 | $ 14,053 |  |  |
Building / Construction in Progress & Improvements | 56,827 | 56,827 |  |  |
Costs Subsequent to Acquisition / Construction | 27,370 | 27,370 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,053 | 14,053 |  |  |
Building / Construction in Progress & Improvements | 84,197 | 84,197 |  |  |
Total | 98,250 | 98,250 |  |  |
Accumulated Depreciation | 49,108 | 49,108 |  |  |
Total real estate, net | 49,142 | 49,142 | 51,168 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Camarillo |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 249 | 249 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,446 | $ 8,446 |  |  |
Building / Construction in Progress & Improvements | 40,290 | 40,290 |  |  |
Costs Subsequent to Acquisition / Construction | 3,131 | 3,131 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,446 | 8,446 |  |  |
Building / Construction in Progress & Improvements | 43,421 | 43,421 |  |  |
Total | 51,867 | 51,867 |  |  |
Accumulated Depreciation | 23,030 | 23,030 |  |  |
Total real estate, net | 28,837 | 28,837 | 30,389 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Wilshire |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 123 | 123 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,459 | $ 5,459 |  |  |
Building / Construction in Progress & Improvements | 41,182 | 41,182 |  |  |
Costs Subsequent to Acquisition / Construction | 5,935 | 5,935 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,459 | 5,459 |  |  |
Building / Construction in Progress & Improvements | 47,117 | 47,117 |  |  |
Total | 52,576 | 52,576 |  |  |
Accumulated Depreciation | 23,132 | 23,132 |  |  |
Total real estate, net | 29,444 | 29,444 | 31,487 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Encino |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 131 | 131 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,789 | $ 12,789 |  |  |
Building / Construction in Progress & Improvements | 49,073 | 49,073 |  |  |
Costs Subsequent to Acquisition / Construction | 1,744 | 1,744 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,789 | 12,789 |  |  |
Building / Construction in Progress & Improvements | 50,817 | 50,817 |  |  |
Total | 63,606 | 63,606 |  |  |
Accumulated Depreciation | 22,953 | 22,953 |  |  |
Total real estate, net | 40,653 | 40,653 | 42,003 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Warner Place |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 210 | 210 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,920 | $ 7,920 |  |  |
Building / Construction in Progress & Improvements | 44,845 | 44,845 |  |  |
Costs Subsequent to Acquisition / Construction | 2,546 | 2,546 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,920 | 7,920 |  |  |
Building / Construction in Progress & Improvements | 47,391 | 47,391 |  |  |
Total | 55,311 | 55,311 |  |  |
Accumulated Depreciation | 21,563 | 21,563 |  |  |
Total real estate, net | 33,748 | 33,748 | 34,119 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Little Tokyo |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 280 | 280 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 14,734 | $ 14,734 |  |  |
Building / Construction in Progress & Improvements | 94,001 | 94,001 |  |  |
Costs Subsequent to Acquisition / Construction | 1,883 | 1,883 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 14,734 | 14,734 |  |  |
Building / Construction in Progress & Improvements | 95,884 | 95,884 |  |  |
Total | 110,618 | 110,618 |  |  |
Accumulated Depreciation | 24,935 | 24,935 |  |  |
Total real estate, net | 85,683 | 85,683 | 89,164 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Phillips Ranch |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 503 | 503 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,796 | $ 9,796 |  |  |
Building / Construction in Progress & Improvements | 41,740 | 41,740 |  |  |
Costs Subsequent to Acquisition / Construction | 6,373 | 6,373 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,796 | 9,796 |  |  |
Building / Construction in Progress & Improvements | 48,113 | 48,113 |  |  |
Total | 57,909 | 57,909 |  |  |
Accumulated Depreciation | 18,107 | 18,107 |  |  |
Total real estate, net | 39,802 | 39,802 | 40,027 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves San Dimas |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 102 | 102 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 1,916 | $ 1,916 |  |  |
Building / Construction in Progress & Improvements | 7,819 | 7,819 |  |  |
Costs Subsequent to Acquisition / Construction | 1,924 | 1,924 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 1,916 | 1,916 |  |  |
Building / Construction in Progress & Improvements | 9,743 | 9,743 |  |  |
Total | 11,659 | 11,659 |  |  |
Accumulated Depreciation | 3,969 | 3,969 |  |  |
Total real estate, net | 7,690 | 7,690 | 7,893 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves San Dimas Canyon |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 156 | 156 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,953 | $ 2,953 |  |  |
Building / Construction in Progress & Improvements | 12,428 | 12,428 |  |  |
Costs Subsequent to Acquisition / Construction | 1,537 | 1,537 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,953 | 2,953 |  |  |
Building / Construction in Progress & Improvements | 13,965 | 13,965 |  |  |
Total | 16,918 | 16,918 |  |  |
Accumulated Depreciation | 5,431 | 5,431 |  |  |
Total real estate, net | 11,487 | 11,487 | 11,731 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Pasadena |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 84 | 84 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,400 | $ 8,400 |  |  |
Building / Construction in Progress & Improvements | 11,547 | 11,547 |  |  |
Costs Subsequent to Acquisition / Construction | 6,176 | 6,176 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,400 | 8,400 |  |  |
Building / Construction in Progress & Improvements | 17,723 | 17,723 |  |  |
Total | 26,123 | 26,123 |  |  |
Accumulated Depreciation | 5,745 | 5,745 |  |  |
Total real estate, net | 20,378 | 20,378 | 20,862 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Cerritos |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 151 | 151 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,305 | $ 8,305 |  |  |
Building / Construction in Progress & Improvements | 21,195 | 21,195 |  |  |
Costs Subsequent to Acquisition / Construction | 1,932 | 1,932 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,305 | 8,305 |  |  |
Building / Construction in Progress & Improvements | 23,127 | 23,127 |  |  |
Total | 31,432 | 31,432 |  |  |
Accumulated Depreciation | 7,633 | 7,633 |  |  |
Total real estate, net | 23,799 | 23,799 | 24,473 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Playa Vista |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 309 | 309 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 30,900 | $ 30,900 |  |  |
Building / Construction in Progress & Improvements | 72,008 | 72,008 |  |  |
Costs Subsequent to Acquisition / Construction | 7,926 | 7,926 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 30,900 | 30,900 |  |  |
Building / Construction in Progress & Improvements | 79,934 | 79,934 |  |  |
Total | 110,834 | 110,834 |  |  |
Accumulated Depreciation | 27,492 | 27,492 |  |  |
Total real estate, net | 83,342 | 83,342 | 86,393 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon San Dimas |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 156 | 156 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,141 | $ 9,141 |  |  |
Building / Construction in Progress & Improvements | 30,726 | 30,726 |  |  |
Costs Subsequent to Acquisition / Construction | 133 | 133 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,141 | 9,141 |  |  |
Building / Construction in Progress & Improvements | 30,859 | 30,859 |  |  |
Total | 40,000 | 40,000 |  |  |
Accumulated Depreciation | 8,340 | 8,340 |  |  |
Total real estate, net | 31,660 | 31,660 | 32,780 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Glendora |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 280 | 280 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 18,311 | $ 18,311 |  |  |
Building / Construction in Progress & Improvements | 64,303 | 64,303 |  |  |
Costs Subsequent to Acquisition / Construction | 544 | 544 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 18,311 | 18,311 |  |  |
Building / Construction in Progress & Improvements | 64,847 | 64,847 |  |  |
Total | 83,158 | 83,158 |  |  |
Accumulated Depreciation | 14,600 | 14,600 |  |  |
Total real estate, net | 68,558 | 68,558 | 70,990 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon West Hollywood |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 294 | 294 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 35,214 | $ 35,214 |  |  |
Building / Construction in Progress & Improvements | 119,105 | 119,105 |  |  |
Costs Subsequent to Acquisition / Construction | 1,818 | 1,818 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 35,214 | 35,214 |  |  |
Building / Construction in Progress & Improvements | 120,923 | 120,923 |  |  |
Total | 156,137 | 156,137 |  |  |
Accumulated Depreciation | 21,037 | 21,037 |  |  |
Total real estate, net | 135,100 | 135,100 | 139,902 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Mission Oaks |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 160 | 160 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,600 | $ 9,600 |  |  |
Building / Construction in Progress & Improvements | 37,602 | 37,602 |  |  |
Costs Subsequent to Acquisition / Construction | 1,773 | 1,773 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,600 | 9,600 |  |  |
Building / Construction in Progress & Improvements | 39,375 | 39,375 |  |  |
Total | 48,975 | 48,975 |  |  |
Accumulated Depreciation | 11,723 | 11,723 |  |  |
Total real estate, net | 37,252 | 37,252 | 38,651 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Chino Hills |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 331 | 331 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 16,617 | $ 16,617 |  |  |
Building / Construction in Progress & Improvements | 79,829 | 79,829 |  |  |
Costs Subsequent to Acquisition / Construction | 110 | 110 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 16,617 | 16,617 |  |  |
Building / Construction in Progress & Improvements | 79,939 | 79,939 |  |  |
Total | 96,556 | 96,556 |  |  |
Accumulated Depreciation | 13,762 | 13,762 |  |  |
Total real estate, net | 82,794 | 82,794 | 85,630 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA North Hollywood |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 156 | 156 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 18,408 | $ 18,408 |  |  |
Building / Construction in Progress & Improvements | 52,280 | 52,280 |  |  |
Costs Subsequent to Acquisition / Construction | 2,054 | 2,054 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 18,408 | 18,408 |  |  |
Building / Construction in Progress & Improvements | 54,334 | 54,334 |  |  |
Total | 72,742 | 72,742 |  |  |
Accumulated Depreciation | 12,185 | 12,185 |  |  |
Total real estate, net | 60,557 | 60,557 | 62,674 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Cerritos |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 132 | 132 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 8,869 | $ 8,869 |  |  |
Building / Construction in Progress & Improvements | 51,452 | 51,452 |  |  |
Costs Subsequent to Acquisition / Construction | 724 | 724 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 8,869 | 8,869 |  |  |
Building / Construction in Progress & Improvements | 52,176 | 52,176 |  |  |
Total | 61,045 | 61,045 |  |  |
Accumulated Depreciation | 6,229 | 6,229 |  |  |
Total real estate, net | 54,816 | 54,816 | 56,826 |  |
Encumbrances | $ 30,250 | $ 30,250 |  |  |
Current Communities | Avalon Simi Valley |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 500 | 500 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 42,020 | $ 42,020 |  |  |
Building / Construction in Progress & Improvements | 73,361 | 73,361 |  |  |
Costs Subsequent to Acquisition / Construction | 9,214 | 9,214 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 42,020 | 42,020 |  |  |
Building / Construction in Progress & Improvements | 82,575 | 82,575 |  |  |
Total | 124,595 | 124,595 |  |  |
Accumulated Depreciation | 28,956 | 28,956 |  |  |
Total real estate, net | 95,639 | 95,639 | 95,977 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Studio City II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 101 | 101 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,626 | $ 4,626 |  |  |
Building / Construction in Progress & Improvements | 22,954 | 22,954 |  |  |
Costs Subsequent to Acquisition / Construction | 7,892 | 7,892 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,626 | 4,626 |  |  |
Building / Construction in Progress & Improvements | 30,846 | 30,846 |  |  |
Total | 35,472 | 35,472 |  |  |
Accumulated Depreciation | 10,053 | 10,053 |  |  |
Total real estate, net | 25,419 | 25,419 | 26,537 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Studio City |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 276 | 276 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 15,756 | $ 15,756 |  |  |
Building / Construction in Progress & Improvements | 78,178 | 78,178 |  |  |
Costs Subsequent to Acquisition / Construction | 18,815 | 18,815 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 15,756 | 15,756 |  |  |
Building / Construction in Progress & Improvements | 96,993 | 96,993 |  |  |
Total | 112,749 | 112,749 |  |  |
Accumulated Depreciation | 32,673 | 32,673 |  |  |
Total real estate, net | 80,076 | 80,076 | 84,386 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Calabasas |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 600 | 600 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 42,720 | $ 42,720 |  |  |
Building / Construction in Progress & Improvements | 107,642 | 107,642 |  |  |
Costs Subsequent to Acquisition / Construction | 24,105 | 24,105 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 42,720 | 42,720 |  |  |
Building / Construction in Progress & Improvements | 131,747 | 131,747 |  |  |
Total | 174,467 | 174,467 |  |  |
Accumulated Depreciation | 52,984 | 52,984 |  |  |
Total real estate, net | 121,483 | 121,483 | 127,837 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Oak Creek |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 336 | 336 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 43,540 | $ 43,540 |  |  |
Building / Construction in Progress & Improvements | 79,974 | 79,974 |  |  |
Costs Subsequent to Acquisition / Construction | 7,481 | 7,481 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 43,540 | 43,540 |  |  |
Building / Construction in Progress & Improvements | 87,455 | 87,455 |  |  |
Total | 130,995 | 130,995 |  |  |
Accumulated Depreciation | 36,802 | 36,802 |  |  |
Total real estate, net | 94,193 | 94,193 | 97,655 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Santa Monica on Main |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 133 | 133 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 32,000 | $ 32,000 |  |  |
Building / Construction in Progress & Improvements | 60,770 | 60,770 |  |  |
Costs Subsequent to Acquisition / Construction | 14,821 | 14,821 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 32,000 | 32,000 |  |  |
Building / Construction in Progress & Improvements | 75,591 | 75,591 |  |  |
Total | 107,591 | 107,591 |  |  |
Accumulated Depreciation | 24,484 | 24,484 |  |  |
Total real estate, net | 83,107 | 83,107 | 85,032 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Del Mar Station |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 347 | 347 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 20,560 | $ 20,560 |  |  |
Building / Construction in Progress & Improvements | 106,556 | 106,556 |  |  |
Costs Subsequent to Acquisition / Construction | 4,605 | 4,605 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 20,560 | 20,560 |  |  |
Building / Construction in Progress & Improvements | 111,161 | 111,161 |  |  |
Total | 131,721 | 131,721 |  |  |
Accumulated Depreciation | 35,802 | 35,802 |  |  |
Total real estate, net | 95,919 | 95,919 | 99,432 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Old Town Pasadena |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 96 | 96 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,110 | $ 9,110 |  |  |
Building / Construction in Progress & Improvements | 15,371 | 15,371 |  |  |
Costs Subsequent to Acquisition / Construction | 7,315 | 7,315 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,110 | 9,110 |  |  |
Building / Construction in Progress & Improvements | 22,686 | 22,686 |  |  |
Total | 31,796 | 31,796 |  |  |
Accumulated Depreciation | 7,746 | 7,746 |  |  |
Total real estate, net | 24,050 | 24,050 | 24,914 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Thousand Oaks |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 154 | 154 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 13,950 | $ 13,950 |  |  |
Building / Construction in Progress & Improvements | 20,211 | 20,211 |  |  |
Costs Subsequent to Acquisition / Construction | 5,509 | 5,509 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 13,950 | 13,950 |  |  |
Building / Construction in Progress & Improvements | 25,720 | 25,720 |  |  |
Total | 39,670 | 39,670 |  |  |
Accumulated Depreciation | 11,314 | 11,314 |  |  |
Total real estate, net | 28,356 | 28,356 | 29,475 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Los Feliz |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 263 | 263 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 18,940 | $ 18,940 |  |  |
Building / Construction in Progress & Improvements | 43,661 | 43,661 |  |  |
Costs Subsequent to Acquisition / Construction | 13,410 | 13,410 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 18,940 | 18,940 |  |  |
Building / Construction in Progress & Improvements | 57,071 | 57,071 |  |  |
Total | 76,011 | 76,011 |  |  |
Accumulated Depreciation | 19,234 | 19,234 |  |  |
Total real estate, net | 56,777 | 56,777 | 58,685 |  |
Encumbrances | $ 41,400 | $ 41,400 |  |  |
Current Communities | AVA Toluca Hills |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 1,151 | 1,151 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 86,450 | $ 86,450 |  |  |
Building / Construction in Progress & Improvements | 161,256 | 161,256 |  |  |
Costs Subsequent to Acquisition / Construction | 90,853 | 90,853 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 86,450 | 86,450 |  |  |
Building / Construction in Progress & Improvements | 252,109 | 252,109 |  |  |
Total | 338,559 | 338,559 |  |  |
Accumulated Depreciation | 76,300 | 76,300 |  |  |
Total real estate, net | 262,259 | 262,259 | 270,938 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Woodland Hills |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 883 | 883 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 68,940 | $ 68,940 |  |  |
Building / Construction in Progress & Improvements | 90,549 | 90,549 |  |  |
Costs Subsequent to Acquisition / Construction | 21,149 | 21,149 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 68,940 | 68,940 |  |  |
Building / Construction in Progress & Improvements | 111,698 | 111,698 |  |  |
Total | 180,638 | 180,638 |  |  |
Accumulated Depreciation | 43,653 | 43,653 |  |  |
Total real estate, net | 136,985 | 136,985 | 138,762 |  |
Encumbrances | $ 111,500 | $ 111,500 |  |  |
Current Communities | Avalon Thousand Oaks Plaza |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 148 | 148 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,810 | $ 12,810 |  |  |
Building / Construction in Progress & Improvements | 22,581 | 22,581 |  |  |
Costs Subsequent to Acquisition / Construction | 3,122 | 3,122 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,810 | 12,810 |  |  |
Building / Construction in Progress & Improvements | 25,703 | 25,703 |  |  |
Total | 38,513 | 38,513 |  |  |
Accumulated Depreciation | 10,193 | 10,193 |  |  |
Total real estate, net | 28,320 | 28,320 | 28,867 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Pasadena |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 120 | 120 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,240 | $ 10,240 |  |  |
Building / Construction in Progress & Improvements | 31,558 | 31,558 |  |  |
Costs Subsequent to Acquisition / Construction | 6,809 | 6,809 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,240 | 10,240 |  |  |
Building / Construction in Progress & Improvements | 38,367 | 38,367 |  |  |
Total | 48,607 | 48,607 |  |  |
Accumulated Depreciation | 12,747 | 12,747 |  |  |
Total real estate, net | 35,860 | 35,860 | 37,199 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Studio City I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 450 | 450 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 17,658 | $ 17,658 |  |  |
Building / Construction in Progress & Improvements | 90,715 | 90,715 |  |  |
Costs Subsequent to Acquisition / Construction | 37,065 | 37,065 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 17,658 | 17,658 |  |  |
Building / Construction in Progress & Improvements | 127,780 | 127,780 |  |  |
Total | 145,438 | 145,438 |  |  |
Accumulated Depreciation | 39,562 | 39,562 |  |  |
Total real estate, net | 105,876 | 105,876 | 110,132 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Newport |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 145 | 145 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 1,975 | $ 1,975 |  |  |
Building / Construction in Progress & Improvements | 3,814 | 3,814 |  |  |
Costs Subsequent to Acquisition / Construction | 10,088 | 10,088 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 1,975 | 1,975 |  |  |
Building / Construction in Progress & Improvements | 13,902 | 13,902 |  |  |
Total | 15,877 | 15,877 |  |  |
Accumulated Depreciation | 8,877 | 8,877 |  |  |
Total real estate, net | 7,000 | 7,000 | 7,414 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Mission Viejo |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 166 | 166 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,517 | $ 2,517 |  |  |
Building / Construction in Progress & Improvements | 9,257 | 9,257 |  |  |
Costs Subsequent to Acquisition / Construction | 4,893 | 4,893 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,517 | 2,517 |  |  |
Building / Construction in Progress & Improvements | 14,150 | 14,150 |  |  |
Total | 16,667 | 16,667 |  |  |
Accumulated Depreciation | 10,952 | 10,952 |  |  |
Total real estate, net | 5,715 | 5,715 | 5,915 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves South Coast |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 258 | 258 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,709 | $ 4,709 |  |  |
Building / Construction in Progress & Improvements | 16,063 | 16,063 |  |  |
Costs Subsequent to Acquisition / Construction | 14,097 | 14,097 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,709 | 4,709 |  |  |
Building / Construction in Progress & Improvements | 30,160 | 30,160 |  |  |
Total | 34,869 | 34,869 |  |  |
Accumulated Depreciation | 20,986 | 20,986 |  |  |
Total real estate, net | 13,883 | 13,883 | 14,680 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Santa Margarita |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 301 | 301 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,607 | $ 4,607 |  |  |
Building / Construction in Progress & Improvements | 16,911 | 16,911 |  |  |
Costs Subsequent to Acquisition / Construction | 12,820 | 12,820 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,607 | 4,607 |  |  |
Building / Construction in Progress & Improvements | 29,731 | 29,731 |  |  |
Total | 34,338 | 34,338 |  |  |
Accumulated Depreciation | 20,129 | 20,129 |  |  |
Total real estate, net | 14,209 | 14,209 | 14,484 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Huntington Beach |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 304 | 304 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,871 | $ 4,871 |  |  |
Building / Construction in Progress & Improvements | 19,745 | 19,745 |  |  |
Costs Subsequent to Acquisition / Construction | 12,109 | 12,109 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,871 | 4,871 |  |  |
Building / Construction in Progress & Improvements | 31,854 | 31,854 |  |  |
Total | 36,725 | 36,725 |  |  |
Accumulated Depreciation | 24,699 | 24,699 |  |  |
Total real estate, net | 12,026 | 12,026 | 12,614 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Irvine I |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 279 | 279 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,911 | $ 9,911 |  |  |
Building / Construction in Progress & Improvements | 67,520 | 67,520 |  |  |
Costs Subsequent to Acquisition / Construction | 3,922 | 3,922 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,911 | 9,911 |  |  |
Building / Construction in Progress & Improvements | 71,442 | 71,442 |  |  |
Total | 81,353 | 81,353 |  |  |
Accumulated Depreciation | 29,547 | 29,547 |  |  |
Total real estate, net | 51,806 | 51,806 | 53,014 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Irvine II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 179 | 179 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,358 | $ 4,358 |  |  |
Building / Construction in Progress & Improvements | 40,905 | 40,905 |  |  |
Costs Subsequent to Acquisition / Construction | 534 | 534 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,358 | 4,358 |  |  |
Building / Construction in Progress & Improvements | 41,439 | 41,439 |  |  |
Total | 45,797 | 45,797 |  |  |
Accumulated Depreciation | 13,049 | 13,049 |  |  |
Total real estate, net | 32,748 | 32,748 | 34,048 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Lake Forest |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 225 | 225 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,199 | $ 5,199 |  |  |
Building / Construction in Progress & Improvements | 21,134 | 21,134 |  |  |
Costs Subsequent to Acquisition / Construction | 4,909 | 4,909 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,199 | 5,199 |  |  |
Building / Construction in Progress & Improvements | 26,043 | 26,043 |  |  |
Total | 31,242 | 31,242 |  |  |
Accumulated Depreciation | 10,067 | 10,067 |  |  |
Total real estate, net | 21,175 | 21,175 | 21,816 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Baker Ranch |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 430 | 430 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 31,689 | $ 31,689 |  |  |
Building / Construction in Progress & Improvements | 98,004 | 98,004 |  |  |
Costs Subsequent to Acquisition / Construction | 516 | 516 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 31,689 | 31,689 |  |  |
Building / Construction in Progress & Improvements | 98,520 | 98,520 |  |  |
Total | 130,209 | 130,209 |  |  |
Accumulated Depreciation | 23,819 | 23,819 |  |  |
Total real estate, net | 106,390 | 106,390 | 109,585 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Irvine III |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 156 | 156 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 11,607 | $ 11,607 |  |  |
Building / Construction in Progress & Improvements | 43,973 | 43,973 |  |  |
Costs Subsequent to Acquisition / Construction | 66 | 66 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 11,607 | 11,607 |  |  |
Building / Construction in Progress & Improvements | 44,039 | 44,039 |  |  |
Total | 55,646 | 55,646 |  |  |
Accumulated Depreciation | 9,274 | 9,274 |  |  |
Total real estate, net | 46,372 | 46,372 | 47,982 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Seal Beach |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 549 | 549 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 46,790 | $ 46,790 |  |  |
Building / Construction in Progress & Improvements | 99,999 | 99,999 |  |  |
Costs Subsequent to Acquisition / Construction | 37,744 | 37,744 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 46,790 | 46,790 |  |  |
Building / Construction in Progress & Improvements | 137,743 | 137,743 |  |  |
Total | 184,533 | 184,533 |  |  |
Accumulated Depreciation | 41,799 | 41,799 |  |  |
Total real estate, net | 142,734 | 142,734 | 147,985 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Huntington Beach |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 378 | 378 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 13,055 | $ 13,055 |  |  |
Building / Construction in Progress & Improvements | 105,981 | 105,981 |  |  |
Costs Subsequent to Acquisition / Construction | 726 | 726 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 13,055 | 13,055 |  |  |
Building / Construction in Progress & Improvements | 106,707 | 106,707 |  |  |
Total | 119,762 | 119,762 |  |  |
Accumulated Depreciation | 20,347 | 20,347 |  |  |
Total real estate, net | 99,415 | 99,415 | 103,010 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | AVA Pacific Beach |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 564 | 564 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,922 | $ 9,922 |  |  |
Building / Construction in Progress & Improvements | 40,580 | 40,580 |  |  |
Costs Subsequent to Acquisition / Construction | 42,944 | 42,944 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,922 | 9,922 |  |  |
Building / Construction in Progress & Improvements | 83,524 | 83,524 |  |  |
Total | 93,446 | 93,446 |  |  |
Accumulated Depreciation | 52,968 | 52,968 |  |  |
Total real estate, net | 40,478 | 40,478 | 43,072 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Mission Ridge |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 200 | 200 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,710 | $ 2,710 |  |  |
Building / Construction in Progress & Improvements | 10,924 | 10,924 |  |  |
Costs Subsequent to Acquisition / Construction | 13,723 | 13,723 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,710 | 2,710 |  |  |
Building / Construction in Progress & Improvements | 24,647 | 24,647 |  |  |
Total | 27,357 | 27,357 |  |  |
Accumulated Depreciation | 18,586 | 18,586 |  |  |
Total real estate, net | 8,771 | 8,771 | 9,622 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves San Marcos |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 184 | 184 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,277 | $ 3,277 |  |  |
Building / Construction in Progress & Improvements | 13,385 | 13,385 |  |  |
Costs Subsequent to Acquisition / Construction | 5,767 | 5,767 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,277 | 3,277 |  |  |
Building / Construction in Progress & Improvements | 19,152 | 19,152 |  |  |
Total | 22,429 | 22,429 |  |  |
Accumulated Depreciation | 6,397 | 6,397 |  |  |
Total real estate, net | 16,032 | 16,032 | 16,215 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves Rancho Penasquitos |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 250 | 250 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,692 | $ 6,692 |  |  |
Building / Construction in Progress & Improvements | 27,143 | 27,143 |  |  |
Costs Subsequent to Acquisition / Construction | 8,490 | 8,490 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,692 | 6,692 |  |  |
Building / Construction in Progress & Improvements | 35,633 | 35,633 |  |  |
Total | 42,325 | 42,325 |  |  |
Accumulated Depreciation | 12,724 | 12,724 |  |  |
Total real estate, net | 29,601 | 29,601 | 28,631 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon Vista |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 221 | 221 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,689 | $ 12,689 |  |  |
Building / Construction in Progress & Improvements | 43,328 | 43,328 |  |  |
Costs Subsequent to Acquisition / Construction | 800 | 800 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,689 | 12,689 |  |  |
Building / Construction in Progress & Improvements | 44,128 | 44,128 |  |  |
Total | 56,817 | 56,817 |  |  |
Accumulated Depreciation | 10,802 | 10,802 |  |  |
Total real estate, net | 46,015 | 46,015 | 47,402 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | eaves La Mesa |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 168 | 168 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,490 | $ 9,490 |  |  |
Building / Construction in Progress & Improvements | 28,482 | 28,482 |  |  |
Costs Subsequent to Acquisition / Construction | 3,907 | 3,907 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,490 | 9,490 |  |  |
Building / Construction in Progress & Improvements | 32,389 | 32,389 |  |  |
Total | 41,879 | 41,879 |  |  |
Accumulated Depreciation | 13,188 | 13,188 |  |  |
Total real estate, net | 28,691 | 28,691 | 29,644 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Current Communities | Avalon La Jolla Colony |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 180 | 180 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 16,760 | $ 16,760 |  |  |
Building / Construction in Progress & Improvements | 27,694 | 27,694 |  |  |
Costs Subsequent to Acquisition / Construction | 12,386 | 12,386 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 16,760 | 16,760 |  |  |
Building / Construction in Progress & Improvements | 40,080 | 40,080 |  |  |
Total | 56,840 | 56,840 |  |  |
Accumulated Depreciation | 14,524 | 14,524 |  |  |
Total real estate, net | 42,316 | 42,316 | 43,561 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Boston, MA |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 8,901 | 8,901 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 352,059 | $ 352,059 |  |  |
Building / Construction in Progress & Improvements | 1,891,772 | 1,891,772 |  |  |
Costs Subsequent to Acquisition / Construction | 386,409 | 386,409 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 352,059 | 352,059 |  |  |
Building / Construction in Progress & Improvements | 2,278,181 | 2,278,181 |  |  |
Total | 2,630,240 | 2,630,240 |  |  |
Accumulated Depreciation | 759,221 | 759,221 |  |  |
Total real estate, net | 1,871,019 | 1,871,019 | 1,937,241 |  |
Encumbrances | $ 80,770 | $ 80,770 |  |  |
Fairfield, CT |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 635 | 635 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 24,271 | $ 24,271 |  |  |
Building / Construction in Progress & Improvements | 108,663 | 108,663 |  |  |
Costs Subsequent to Acquisition / Construction | 24,409 | 24,409 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 24,271 | 24,271 |  |  |
Building / Construction in Progress & Improvements | 133,072 | 133,072 |  |  |
Total | 157,343 | 157,343 |  |  |
Accumulated Depreciation | 69,462 | 69,462 |  |  |
Total real estate, net | 87,881 | 87,881 | 92,658 |  |
Encumbrances | $ 0 | $ 0 |  |  |
New England |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 9,536 | 9,536 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 376,330 | $ 376,330 |  |  |
Building / Construction in Progress & Improvements | 2,000,435 | 2,000,435 |  |  |
Costs Subsequent to Acquisition / Construction | 410,818 | 410,818 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 376,330 | 376,330 |  |  |
Building / Construction in Progress & Improvements | 2,411,253 | 2,411,253 |  |  |
Total | 2,787,583 | 2,787,583 |  |  |
Accumulated Depreciation | 828,683 | 828,683 |  |  |
Total real estate, net | 1,958,900 | 1,958,900 | 2,029,899 |  |
Encumbrances | $ 80,770 | $ 80,770 |  |  |
New York City, NY |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 3,788 | 3,788 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 537,330 | $ 537,330 |  |  |
Building / Construction in Progress & Improvements | 1,268,895 | 1,268,895 |  |  |
Costs Subsequent to Acquisition / Construction | 111,492 | 111,492 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 537,330 | 537,330 |  |  |
Building / Construction in Progress & Improvements | 1,380,387 | 1,380,387 |  |  |
Total | 1,917,717 | 1,917,717 |  |  |
Accumulated Depreciation | 471,286 | 471,286 |  |  |
Total real estate, net | 1,446,431 | 1,446,431 | 1,490,267 |  |
Encumbrances | $ 356,800 | $ 356,800 |  |  |
New York - Suburban |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 3,987 | 3,987 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 246,324 | $ 246,324 |  |  |
Building / Construction in Progress & Improvements | 779,323 | 779,323 |  |  |
Costs Subsequent to Acquisition / Construction | 88,316 | 88,316 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 246,324 | 246,324 |  |  |
Building / Construction in Progress & Improvements | 867,639 | 867,639 |  |  |
Total | 1,113,963 | 1,113,963 |  |  |
Accumulated Depreciation | 341,093 | 341,093 |  |  |
Total real estate, net | 772,870 | 772,870 | 801,356 |  |
Encumbrances | $ 0 | $ 0 |  |  |
New Jersey |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 4,053 | 4,053 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 202,270 | $ 202,270 |  |  |
Building / Construction in Progress & Improvements | 804,239 | 804,239 |  |  |
Costs Subsequent to Acquisition / Construction | 74,367 | 74,367 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 202,270 | 202,270 |  |  |
Building / Construction in Progress & Improvements | 878,606 | 878,606 |  |  |
Total | 1,080,876 | 1,080,876 |  |  |
Accumulated Depreciation | 290,292 | 290,292 |  |  |
Total real estate, net | 790,584 | 790,584 | 809,342 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Metro NY/NJ |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 11,828 | 11,828 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 985,924 | $ 985,924 |  |  |
Building / Construction in Progress & Improvements | 2,852,457 | 2,852,457 |  |  |
Costs Subsequent to Acquisition / Construction | 274,175 | 274,175 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 985,924 | 985,924 |  |  |
Building / Construction in Progress & Improvements | 3,126,632 | 3,126,632 |  |  |
Total | 4,112,556 | 4,112,556 |  |  |
Accumulated Depreciation | 1,102,671 | 1,102,671 |  |  |
Total real estate, net | 3,009,885 | 3,009,885 | 3,100,965 |  |
Encumbrances | $ 356,800 | $ 356,800 |  |  |
Mid-Atlantic |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 13,645 | 13,645 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 756,380 | $ 756,380 |  |  |
Building / Construction in Progress & Improvements | 2,501,490 | 2,501,490 |  |  |
Costs Subsequent to Acquisition / Construction | 325,504 | 325,504 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 756,380 | 756,380 |  |  |
Building / Construction in Progress & Improvements | 2,826,994 | 2,826,994 |  |  |
Total | 3,583,374 | 3,583,374 |  |  |
Accumulated Depreciation | 1,007,234 | 1,007,234 |  |  |
Total real estate, net | 2,576,140 | 2,576,140 | 2,660,800 |  |
Encumbrances | $ 32,200 | $ 32,200 |  |  |
Denver, CO |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 1,086 | 1,086 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 26,136 | $ 26,136 |  |  |
Building / Construction in Progress & Improvements | 287,713 | 287,713 |  |  |
Costs Subsequent to Acquisition / Construction | 6,586 | 6,586 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 26,136 | 26,136 |  |  |
Building / Construction in Progress & Improvements | 294,299 | 294,299 |  |  |
Total | 320,435 | 320,435 |  |  |
Accumulated Depreciation | 48,781 | 48,781 |  |  |
Total real estate, net | 271,654 | 271,654 | 284,094 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Southeast Florida |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 1,214 | 1,214 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 56,895 | $ 56,895 |  |  |
Building / Construction in Progress & Improvements | 325,562 | 325,562 |  |  |
Costs Subsequent to Acquisition / Construction | 13,542 | 13,542 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 56,895 | 56,895 |  |  |
Building / Construction in Progress & Improvements | 339,104 | 339,104 |  |  |
Total | 395,999 | 395,999 |  |  |
Accumulated Depreciation | 54,004 | 54,004 |  |  |
Total real estate, net | 341,995 | 341,995 | 354,125 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Pacific Northwest |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 4,217 | 4,217 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 166,359 | $ 166,359 |  |  |
Building / Construction in Progress & Improvements | 852,304 | 852,304 |  |  |
Costs Subsequent to Acquisition / Construction | 40,768 | 40,768 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 166,359 | 166,359 |  |  |
Building / Construction in Progress & Improvements | 893,072 | 893,072 |  |  |
Total | 1,059,431 | 1,059,431 |  |  |
Accumulated Depreciation | 298,389 | 298,389 |  |  |
Total real estate, net | 761,042 | 761,042 | 787,715 |  |
Encumbrances | $ 0 | $ 0 |  |  |
San Jose, CA |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 4,717 | 4,717 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 297,065 | $ 297,065 |  |  |
Building / Construction in Progress & Improvements | 767,614 | 767,614 |  |  |
Costs Subsequent to Acquisition / Construction | 177,878 | 177,878 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 297,065 | 297,065 |  |  |
Building / Construction in Progress & Improvements | 945,492 | 945,492 |  |  |
Total | 1,242,557 | 1,242,557 |  |  |
Accumulated Depreciation | 508,114 | 508,114 |  |  |
Total real estate, net | 734,443 | 734,443 | 762,418 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Oakland - East Bay, CA |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 3,847 | 3,847 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 140,598 | $ 140,598 |  |  |
Building / Construction in Progress & Improvements | 742,550 | 742,550 |  |  |
Costs Subsequent to Acquisition / Construction | 126,713 | 126,713 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 140,598 | 140,598 |  |  |
Building / Construction in Progress & Improvements | 869,263 | 869,263 |  |  |
Total | 1,009,861 | 1,009,861 |  |  |
Accumulated Depreciation | 374,049 | 374,049 |  |  |
Total real estate, net | 635,812 | 635,812 | 647,601 |  |
Encumbrances | $ 4,161 | $ 4,161 |  |  |
San Francisco, CA |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 3,267 | 3,267 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 229,686 | $ 229,686 |  |  |
Building / Construction in Progress & Improvements | 893,077 | 893,077 |  |  |
Costs Subsequent to Acquisition / Construction | 93,968 | 93,968 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 229,686 | 229,686 |  |  |
Building / Construction in Progress & Improvements | 987,045 | 987,045 |  |  |
Total | 1,216,731 | 1,216,731 |  |  |
Accumulated Depreciation | 388,855 | 388,855 |  |  |
Total real estate, net | 827,876 | 827,876 | 861,002 |  |
Encumbrances | $ 113,350 | $ 113,350 |  |  |
Northern California |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 11,831 | 11,831 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 667,349 | $ 667,349 |  |  |
Building / Construction in Progress & Improvements | 2,403,241 | 2,403,241 |  |  |
Costs Subsequent to Acquisition / Construction | 398,559 | 398,559 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 667,349 | 667,349 |  |  |
Building / Construction in Progress & Improvements | 2,801,800 | 2,801,800 |  |  |
Total | 3,469,149 | 3,469,149 |  |  |
Accumulated Depreciation | 1,271,018 | 1,271,018 |  |  |
Total real estate, net | 2,198,131 | 2,198,131 | 2,271,021 |  |
Encumbrances | $ 117,511 | $ 117,511 |  |  |
Los Angeles, CA |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 11,626 | 11,626 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 734,507 | $ 734,507 |  |  |
Building / Construction in Progress & Improvements | 2,057,615 | 2,057,615 |  |  |
Costs Subsequent to Acquisition / Construction | 476,183 | 476,183 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 734,507 | 734,507 |  |  |
Building / Construction in Progress & Improvements | 2,533,798 | 2,533,798 |  |  |
Total | 3,268,305 | 3,268,305 |  |  |
Accumulated Depreciation | 922,518 | 922,518 |  |  |
Total real estate, net | 2,345,787 | 2,345,787 | 2,419,975 |  |
Encumbrances | $ 183,150 | $ 183,150 |  |  |
Orange County, CA |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 3,370 | 3,370 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 141,288 | $ 141,288 |  |  |
Building / Construction in Progress & Improvements | 543,306 | 543,306 |  |  |
Costs Subsequent to Acquisition / Construction | 102,424 | 102,424 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 141,288 | 141,288 |  |  |
Building / Construction in Progress & Improvements | 645,730 | 645,730 |  |  |
Total | 787,018 | 787,018 |  |  |
Accumulated Depreciation | 233,545 | 233,545 |  |  |
Total real estate, net | 553,473 | 553,473 | 572,547 |  |
Encumbrances | $ 0 | $ 0 |  |  |
San Diego, CA |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 1,767 | 1,767 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 61,540 | $ 61,540 |  |  |
Building / Construction in Progress & Improvements | 191,536 | 191,536 |  |  |
Costs Subsequent to Acquisition / Construction | 88,017 | 88,017 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 61,540 | 61,540 |  |  |
Building / Construction in Progress & Improvements | 279,553 | 279,553 |  |  |
Total | 341,093 | 341,093 |  |  |
Accumulated Depreciation | 129,189 | 129,189 |  |  |
Total real estate, net | 211,904 | 211,904 | 218,147 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Southern California |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 16,763 | 16,763 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 937,335 | $ 937,335 |  |  |
Building / Construction in Progress & Improvements | 2,792,457 | 2,792,457 |  |  |
Costs Subsequent to Acquisition / Construction | 666,624 | 666,624 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 937,335 | 937,335 |  |  |
Building / Construction in Progress & Improvements | 3,459,081 | 3,459,081 |  |  |
Total | 4,396,416 | 4,396,416 |  |  |
Accumulated Depreciation | 1,285,252 | 1,285,252 |  |  |
Total real estate, net | 3,111,164 | 3,111,164 | 3,210,669 |  |
Encumbrances | $ 183,150 | $ 183,150 |  |  |
Same Store |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 70,120 | 70,120 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,972,708 | $ 3,972,708 |  |  |
Building / Construction in Progress & Improvements | 14,015,659 | 14,015,659 |  |  |
Costs Subsequent to Acquisition / Construction | 2,136,576 | 2,136,576 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,972,708 | 3,972,708 |  |  |
Building / Construction in Progress & Improvements | 16,152,235 | 16,152,235 |  |  |
Total | 20,124,943 | 20,124,943 |  |  |
Accumulated Depreciation | 5,896,032 | 5,896,032 |  |  |
Total real estate, net | 14,228,911 | 14,228,911 | 14,699,288 |  |
Encumbrances | $ 770,431 | $ 770,431 |  |  |
Other Stabilized Communities |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 4,953 | 4,953 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 298,974 | $ 298,974 |  |  |
Building / Construction in Progress & Improvements | 1,421,627 | 1,421,627 |  |  |
Costs Subsequent to Acquisition / Construction | 89,876 | 89,876 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 298,974 | 298,974 |  |  |
Building / Construction in Progress & Improvements | 1,511,503 | 1,511,503 |  |  |
Total | 1,810,477 | 1,810,477 |  |  |
Accumulated Depreciation | 159,595 | 159,595 |  |  |
Total real estate, net | 1,650,882 | 1,650,882 | 987,227 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Public Market |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 289 | 289 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 27,394 | $ 27,394 |  |  |
Building / Construction in Progress & Improvements | 143,465 | 143,465 |  |  |
Costs Subsequent to Acquisition / Construction | 211 | 211 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 27,394 | 27,394 |  |  |
Building / Construction in Progress & Improvements | 143,676 | 143,676 |  |  |
Total | 171,070 | 171,070 |  |  |
Accumulated Depreciation | 10,731 | 10,731 |  |  |
Total real estate, net | 160,339 | 160,339 | 165,207 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Fort Lauderdale |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 243 | 243 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 20,029 | $ 20,029 |  |  |
Building / Construction in Progress & Improvements | 121,879 | 121,879 |  |  |
Costs Subsequent to Acquisition / Construction | 6,613 | 6,613 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 20,029 | 20,029 |  |  |
Building / Construction in Progress & Improvements | 128,492 | 128,492 |  |  |
Total | 148,521 | 148,521 |  |  |
Accumulated Depreciation | 1,882 | 1,882 |  |  |
Total real estate, net | 146,639 | 146,639 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Miramar |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 380 | 380 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 17,959 | $ 17,959 |  |  |
Building / Construction in Progress & Improvements | 109,954 | 109,954 |  |  |
Costs Subsequent to Acquisition / Construction | 5,387 | 5,387 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 17,959 | 17,959 |  |  |
Building / Construction in Progress & Improvements | 115,341 | 115,341 |  |  |
Total | 133,300 | 133,300 |  |  |
Accumulated Depreciation | 2,173 | 2,173 |  |  |
Total real estate, net | 131,127 | 131,127 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Saugus |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 280 | 280 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 17,805 | $ 17,805 |  |  |
Building / Construction in Progress & Improvements | 72,545 | 72,545 |  |  |
Costs Subsequent to Acquisition / Construction | 1,070 | 1,070 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 17,805 | 17,805 |  |  |
Building / Construction in Progress & Improvements | 73,615 | 73,615 |  |  |
Total | 91,420 | 91,420 |  |  |
Accumulated Depreciation | 7,225 | 7,225 |  |  |
Total real estate, net | 84,195 | 84,195 | 86,968 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Norwood |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 198 | 198 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,445 | $ 9,445 |  |  |
Building / Construction in Progress & Improvements | 51,095 | 51,095 |  |  |
Costs Subsequent to Acquisition / Construction | 934 | 934 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,445 | 9,445 |  |  |
Building / Construction in Progress & Improvements | 52,029 | 52,029 |  |  |
Total | 61,474 | 61,474 |  |  |
Accumulated Depreciation | 4,502 | 4,502 |  |  |
Total real estate, net | 56,972 | 56,972 | 58,949 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Arundel Crossing East |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 384 | 384 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,933 | $ 9,933 |  |  |
Building / Construction in Progress & Improvements | 108,703 | 108,703 |  |  |
Costs Subsequent to Acquisition / Construction | 2,283 | 2,283 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,933 | 9,933 |  |  |
Building / Construction in Progress & Improvements | 110,986 | 110,986 |  |  |
Total | 120,919 | 120,919 |  |  |
Accumulated Depreciation | 5,890 | 5,890 |  |  |
Total real estate, net | 115,029 | 115,029 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Hub South End |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 265 | 265 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 13,723 | $ 13,723 |  |  |
Building / Construction in Progress & Improvements | 87,606 | 87,606 |  |  |
Costs Subsequent to Acquisition / Construction | 2,526 | 2,526 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 13,723 | 13,723 |  |  |
Building / Construction in Progress & Improvements | 90,132 | 90,132 |  |  |
Total | 103,855 | 103,855 |  |  |
Accumulated Depreciation | 2,120 | 2,120 |  |  |
Total real estate, net | 101,735 | 101,735 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Three30Five |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 164 | 164 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,367 | $ 9,367 |  |  |
Building / Construction in Progress & Improvements | 43,460 | 43,460 |  |  |
Costs Subsequent to Acquisition / Construction | 664 | 664 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,367 | 9,367 |  |  |
Building / Construction in Progress & Improvements | 44,124 | 44,124 |  |  |
Total | 53,491 | 53,491 |  |  |
Accumulated Depreciation | 824 | 824 |  |  |
Total real estate, net | 52,667 | 52,667 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Hawk |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 71 | 71 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,564 | $ 2,564 |  |  |
Building / Construction in Progress & Improvements | 43,826 | 43,826 |  |  |
Costs Subsequent to Acquisition / Construction | 223 | 223 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,564 | 2,564 |  |  |
Building / Construction in Progress & Improvements | 44,049 | 44,049 |  |  |
Total | 46,613 | 46,613 |  |  |
Accumulated Depreciation | 98 | 98 |  |  |
Total real estate, net | 46,515 | 46,515 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Princeton Junction |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 512 | 512 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,585 | $ 5,585 |  |  |
Building / Construction in Progress & Improvements | 21,752 | 21,752 |  |  |
Costs Subsequent to Acquisition / Construction | 28,960 | 28,960 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,585 | 5,585 |  |  |
Building / Construction in Progress & Improvements | 50,712 | 50,712 |  |  |
Total | 56,297 | 56,297 |  |  |
Accumulated Depreciation | 33,535 | 33,535 |  |  |
Total real estate, net | 22,762 | 22,762 | 22,874 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon West Long Branch |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 180 | 180 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 2,721 | $ 2,721 |  |  |
Building / Construction in Progress & Improvements | 22,925 | 22,925 |  |  |
Costs Subsequent to Acquisition / Construction | 530 | 530 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 2,721 | 2,721 |  |  |
Building / Construction in Progress & Improvements | 23,455 | 23,455 |  |  |
Total | 26,176 | 26,176 |  |  |
Accumulated Depreciation | 9,111 | 9,111 |  |  |
Total real estate, net | 17,065 | 17,065 | 17,691 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Boonton |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 350 | 350 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,595 | $ 3,595 |  |  |
Building / Construction in Progress & Improvements | 89,407 | 89,407 |  |  |
Costs Subsequent to Acquisition / Construction | 12 | 12 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,595 | 3,595 |  |  |
Building / Construction in Progress & Improvements | 89,419 | 89,419 |  |  |
Total | 93,014 | 93,014 |  |  |
Accumulated Depreciation | 8,762 | 8,762 |  |  |
Total real estate, net | 84,252 | 84,252 | 87,306 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Teaneck |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 248 | 248 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,588 | $ 12,588 |  |  |
Building / Construction in Progress & Improvements | 60,086 | 60,086 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,588 | 12,588 |  |  |
Building / Construction in Progress & Improvements | 60,086 | 60,086 |  |  |
Total | 72,674 | 72,674 |  |  |
Accumulated Depreciation | 5,346 | 5,346 |  |  |
Total real estate, net | 67,328 | 67,328 | 69,600 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Lakeside |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 425 | 425 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 15,073 | $ 15,073 |  |  |
Building / Construction in Progress & Improvements | 97,338 | 97,338 |  |  |
Costs Subsequent to Acquisition / Construction | 4,854 | 4,854 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 15,073 | 15,073 |  |  |
Building / Construction in Progress & Improvements | 102,192 | 102,192 |  |  |
Total | 117,265 | 117,265 |  |  |
Accumulated Depreciation | 4,386 | 4,386 |  |  |
Total real estate, net | 112,879 | 112,879 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon Belltown Towers |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 274 | 274 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 24,638 | $ 24,638 |  |  |
Building / Construction in Progress & Improvements | 121,064 | 121,064 |  |  |
Costs Subsequent to Acquisition / Construction | 1,340 | 1,340 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 24,638 | 24,638 |  |  |
Building / Construction in Progress & Improvements | 122,404 | 122,404 |  |  |
Total | 147,042 | 147,042 |  |  |
Accumulated Depreciation | 11,705 | 11,705 |  |  |
Total real estate, net | 135,337 | 135,337 | 140,188 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | Avalon North Creek |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 316 | 316 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 13,498 | $ 13,498 |  |  |
Building / Construction in Progress & Improvements | 69,004 | 69,004 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 13,498 | 13,498 |  |  |
Building / Construction in Progress & Improvements | 69,004 | 69,004 |  |  |
Total | 82,502 | 82,502 |  |  |
Accumulated Depreciation | 6,459 | 6,459 |  |  |
Total real estate, net | 76,043 | 76,043 | 78,855 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Other Stabilized Communities | eaves Redmond Campus |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 374 | 374 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 15,665 | $ 15,665 |  |  |
Building / Construction in Progress & Improvements | 80,985 | 80,985 |  |  |
Costs Subsequent to Acquisition / Construction | 32,986 | 32,986 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 15,665 | 15,665 |  |  |
Building / Construction in Progress & Improvements | 113,971 | 113,971 |  |  |
Total | 129,636 | 129,636 |  |  |
Accumulated Depreciation | 38,601 | 38,601 |  |  |
Total real estate, net | 91,035 | 91,035 | 109,602 |  |
Encumbrances | 0 | 0 |  |  |
Other Stabilized Communities | The Park Loggia |  |  |  |  |
Initial Cost |  |  |  |  |
Land and improvements | 77,392 | 77,392 |  |  |
Building / Construction in Progress & Improvements | 76,533 | 76,533 |  |  |
Costs Subsequent to Acquisition / Construction | 1,283 | 1,283 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 77,392 | 77,392 |  |  |
Building / Construction in Progress & Improvements | 77,816 | 77,816 |  |  |
Total | 155,208 | 155,208 |  |  |
Accumulated Depreciation | 6,245 | 6,245 |  |  |
Total real estate, net | 148,963 | 148,963 | 149,987 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 3,796 | 3,796 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 218,290 | $ 218,290 |  |  |
Building / Construction in Progress & Improvements | 1,238,660 | 1,238,660 |  |  |
Costs Subsequent to Acquisition / Construction | 684 | 684 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 218,290 | 218,290 |  |  |
Building / Construction in Progress & Improvements | 1,239,344 | 1,239,344 |  |  |
Total | 1,457,634 | 1,457,634 |  |  |
Accumulated Depreciation | 57,000 | 57,000 |  |  |
Total real estate, net | 1,400,634 | 1,400,634 | 1,356,249 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | AVA Hollywood at La Pietra Place |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 695 | 695 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 99,309 | $ 99,309 |  |  |
Building / Construction in Progress & Improvements | 271,881 | 271,881 |  |  |
Costs Subsequent to Acquisition / Construction | 95 | 95 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 99,309 | 99,309 |  |  |
Building / Construction in Progress & Improvements | 271,976 | 271,976 |  |  |
Total | 371,285 | 371,285 |  |  |
Accumulated Depreciation | 16,183 | 16,183 |  |  |
Total real estate, net | 355,102 | 355,102 | 363,734 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Walnut Creek II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 200 | 200 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 112,716 | 112,716 |  |  |
Costs Subsequent to Acquisition / Construction | 255 | 255 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 112,971 | 112,971 |  |  |
Total | 112,971 | 112,971 |  |  |
Accumulated Depreciation | 5,547 | 5,547 |  |  |
Total real estate, net | 107,424 | 107,424 | 109,501 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Monrovia |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 154 | 154 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,125 | $ 12,125 |  |  |
Building / Construction in Progress & Improvements | 56,082 | 56,082 |  |  |
Costs Subsequent to Acquisition / Construction | 174 | 174 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,125 | 12,125 |  |  |
Building / Construction in Progress & Improvements | 56,256 | 56,256 |  |  |
Total | 68,381 | 68,381 |  |  |
Accumulated Depreciation | 1,112 | 1,112 |  |  |
Total real estate, net | 67,269 | 67,269 | 46,571 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Doral |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 350 | 350 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 21,892 | $ 21,892 |  |  |
Building / Construction in Progress & Improvements | 92,894 | 92,894 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 21,892 | 21,892 |  |  |
Building / Construction in Progress & Improvements | 92,894 | 92,894 |  |  |
Total | 114,786 | 114,786 |  |  |
Accumulated Depreciation | 4,164 | 4,164 |  |  |
Total real estate, net | 110,622 | 110,622 | 109,321 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Acton II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 86 | 86 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 1,720 | $ 1,720 |  |  |
Building / Construction in Progress & Improvements | 29,294 | 29,294 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 1,720 | 1,720 |  |  |
Building / Construction in Progress & Improvements | 29,294 | 29,294 |  |  |
Total | 31,014 | 31,014 |  |  |
Accumulated Depreciation | 1,277 | 1,277 |  |  |
Total real estate, net | 29,737 | 29,737 | 28,803 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Marlborough II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 123 | 123 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 5,523 | $ 5,523 |  |  |
Building / Construction in Progress & Improvements | 36,381 | 36,381 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 5,523 | 5,523 |  |  |
Building / Construction in Progress & Improvements | 36,381 | 36,381 |  |  |
Total | 41,904 | 41,904 |  |  |
Accumulated Depreciation | 1,747 | 1,747 |  |  |
Total real estate, net | 40,157 | 40,157 | 39,790 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Easton II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 44 | 44 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 568 | $ 568 |  |  |
Building / Construction in Progress & Improvements | 13,551 | 13,551 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 568 | 568 |  |  |
Building / Construction in Progress & Improvements | 13,551 | 13,551 |  |  |
Total | 14,119 | 14,119 |  |  |
Accumulated Depreciation | 87 | 87 |  |  |
Total real estate, net | 14,032 | 14,032 | 2,589 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Kanso Twinbrook |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 238 | 238 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,147 | $ 9,147 |  |  |
Building / Construction in Progress & Improvements | 56,631 | 56,631 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,147 | 9,147 |  |  |
Building / Construction in Progress & Improvements | 56,631 | 56,631 |  |  |
Total | 65,778 | 65,778 |  |  |
Accumulated Depreciation | 1,920 | 1,920 |  |  |
Total real estate, net | 63,858 | 63,858 | 58,348 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Towson |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 371 | 371 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 12,889 | $ 12,889 |  |  |
Building / Construction in Progress & Improvements | 97,898 | 97,898 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 12,889 | 12,889 |  |  |
Building / Construction in Progress & Improvements | 97,898 | 97,898 |  |  |
Total | 110,787 | 110,787 |  |  |
Accumulated Depreciation | 5,679 | 5,679 |  |  |
Total real estate, net | 105,108 | 105,108 | 106,488 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon 555 President |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 400 | 400 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 13,150 | $ 13,150 |  |  |
Building / Construction in Progress & Improvements | 119,913 | 119,913 |  |  |
Costs Subsequent to Acquisition / Construction | 5 | 5 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 13,150 | 13,150 |  |  |
Building / Construction in Progress & Improvements | 119,918 | 119,918 |  |  |
Total | 133,068 | 133,068 |  |  |
Accumulated Depreciation | 4,241 | 4,241 |  |  |
Total real estate, net | 128,827 | 128,827 | 125,721 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Old Bridge |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 252 | 252 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,893 | $ 6,893 |  |  |
Building / Construction in Progress & Improvements | 64,922 | 64,922 |  |  |
Costs Subsequent to Acquisition / Construction | 10 | 10 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,893 | 6,893 |  |  |
Building / Construction in Progress & Improvements | 64,932 | 64,932 |  |  |
Total | 71,825 | 71,825 |  |  |
Accumulated Depreciation | 2,601 | 2,601 |  |  |
Total real estate, net | 69,224 | 69,224 | 63,053 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Yonkers |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 590 | 590 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 28,098 | $ 28,098 |  |  |
Building / Construction in Progress & Improvements | 187,557 | 187,557 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 28,098 | 28,098 |  |  |
Building / Construction in Progress & Improvements | 187,557 | 187,557 |  |  |
Total | 215,655 | 215,655 |  |  |
Accumulated Depreciation | 9,650 | 9,650 |  |  |
Total real estate, net | 206,005 | 206,005 | 202,661 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Lease-Up Communities | Avalon Newcastle Commons II |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 293 | 293 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 6,976 | $ 6,976 |  |  |
Building / Construction in Progress & Improvements | 98,940 | 98,940 |  |  |
Costs Subsequent to Acquisition / Construction | 145 | 145 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 6,976 | 6,976 |  |  |
Building / Construction in Progress & Improvements | 99,085 | 99,085 |  |  |
Total | 106,061 | 106,061 |  |  |
Accumulated Depreciation | 2,792 | 2,792 |  |  |
Total real estate, net | 103,269 | 103,269 | 99,669 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Redevelopment Communities |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 344 | 344 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,291 | $ 7,291 |  |  |
Building / Construction in Progress & Improvements | 29,177 | 29,177 |  |  |
Costs Subsequent to Acquisition / Construction | 24,773 | 24,773 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,291 | 7,291 |  |  |
Building / Construction in Progress & Improvements | 53,950 | 53,950 |  |  |
Total | 61,241 | 61,241 |  |  |
Accumulated Depreciation | 35,433 | 35,433 |  |  |
Total real estate, net | 25,808 | 25,808 | 21,885 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Redevelopment Communities | AVA Ballston |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 344 | 344 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 7,291 | $ 7,291 |  |  |
Building / Construction in Progress & Improvements | 29,177 | 29,177 |  |  |
Costs Subsequent to Acquisition / Construction | 24,773 | 24,773 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 7,291 | 7,291 |  |  |
Building / Construction in Progress & Improvements | 53,950 | 53,950 |  |  |
Total | 61,241 | 61,241 |  |  |
Accumulated Depreciation | 35,433 | 35,433 |  |  |
Total real estate, net | 25,808 | 25,808 | 21,885 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 5,386 | 5,386 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 59,281 | $ 59,281 |  |  |
Building / Construction in Progress & Improvements | 257,987 | 257,987 |  |  |
Costs Subsequent to Acquisition / Construction | 734,936 | 734,936 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 59,281 | 59,281 |  |  |
Building / Construction in Progress & Improvements | 992,923 | 992,923 |  |  |
Total | 1,052,204 | 1,052,204 |  |  |
Accumulated Depreciation | 3,616 | 3,616 |  |  |
Total real estate, net | 1,048,588 | 1,048,588 | 490,248 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Brea Place |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 653 | 653 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 31,037 | $ 31,037 |  |  |
Building / Construction in Progress & Improvements | 92,066 | 92,066 |  |  |
Costs Subsequent to Acquisition / Construction | 154,265 | 154,265 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 31,037 | 31,037 |  |  |
Building / Construction in Progress & Improvements | 246,331 | 246,331 |  |  |
Total | 277,368 | 277,368 |  |  |
Accumulated Depreciation | 1,536 | 1,536 |  |  |
Total real estate, net | 275,832 | 275,832 | 202,845 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon West Dublin |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 499 | 499 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 55,994 | 55,994 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 55,994 | 55,994 |  |  |
Total | 55,994 | 55,994 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 55,994 | 55,994 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | AVA RiNo |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 246 | 246 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 4,560 | $ 4,560 |  |  |
Building / Construction in Progress & Improvements | 21,636 | 21,636 |  |  |
Costs Subsequent to Acquisition / Construction | 53,225 | 53,225 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 4,560 | 4,560 |  |  |
Building / Construction in Progress & Improvements | 74,861 | 74,861 |  |  |
Total | 79,421 | 79,421 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 79,421 | 79,421 | 49,279 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Westminster Promenade |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 312 | 312 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 22,949 | 22,949 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 22,949 | 22,949 |  |  |
Total | 22,949 | 22,949 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 22,949 | 22,949 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Merrick Park |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 254 | 254 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 42,274 | 42,274 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 42,274 | 42,274 |  |  |
Total | 42,274 | 42,274 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 42,274 | 42,274 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Woburn |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 350 | 350 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 10,783 | $ 10,783 |  |  |
Building / Construction in Progress & Improvements | 49,546 | 49,546 |  |  |
Costs Subsequent to Acquisition / Construction | 54,703 | 54,703 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,783 | 10,783 |  |  |
Building / Construction in Progress & Improvements | 104,249 | 104,249 |  |  |
Total | 115,032 | 115,032 |  |  |
Accumulated Depreciation | 496 | 496 |  |  |
Total real estate, net | 114,536 | 114,536 | 67,902 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon North Andover |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 170 | 170 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 22,363 | 22,363 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 22,363 | 22,363 |  |  |
Total | 22,363 | 22,363 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 22,363 | 22,363 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Brighton |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 180 | 180 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 29,586 | 29,586 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 29,586 | 29,586 |  |  |
Total | 29,586 | 29,586 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 29,586 | 29,586 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Foundry Row |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 437 | 437 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 9,596 | $ 9,596 |  |  |
Building / Construction in Progress & Improvements | 76,717 | 76,717 |  |  |
Costs Subsequent to Acquisition / Construction | 5,572 | 5,572 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 9,596 | 9,596 |  |  |
Building / Construction in Progress & Improvements | 82,289 | 82,289 |  |  |
Total | 91,885 | 91,885 |  |  |
Accumulated Depreciation | 1,408 | 1,408 |  |  |
Total real estate, net | 90,477 | 90,477 | 79,238 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Montville |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 350 | 350 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 16,790 | 16,790 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 16,790 | 16,790 |  |  |
Total | 16,790 | 16,790 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 16,790 | 16,790 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Somerville Station (2) |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 375 | 375 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 52,998 | 52,998 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 52,998 | 52,998 |  |  |
Total | 52,998 | 52,998 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 52,998 | 52,998 | 25,385 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Princeton Circle |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 221 | 221 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 16,521 | 16,521 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 16,521 | 16,521 |  |  |
Total | 16,521 | 16,521 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 16,521 | 16,521 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Harrison |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 143 | 143 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 3,305 | $ 3,305 |  |  |
Building / Construction in Progress & Improvements | 18,022 | 18,022 |  |  |
Costs Subsequent to Acquisition / Construction | 43,024 | 43,024 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 3,305 | 3,305 |  |  |
Building / Construction in Progress & Improvements | 61,046 | 61,046 |  |  |
Total | 64,351 | 64,351 |  |  |
Accumulated Depreciation | 176 | 176 |  |  |
Total real estate, net | 64,175 | 64,175 | 38,436 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Harbor Isle |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 172 | 172 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 54,379 | 54,379 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 54,379 | 54,379 |  |  |
Total | 54,379 | 54,379 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 54,379 | 54,379 | 27,163 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Amityville |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 338 | 338 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 45,239 | 45,239 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 45,239 | 45,239 |  |  |
Total | 45,239 | 45,239 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | $ 45,239 | $ 45,239 | 0 |  |
Development Communities | Avalon Bothell Commons |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 472 | 472 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 51,690 | 51,690 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 51,690 | 51,690 |  |  |
Total | 51,690 | 51,690 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 51,690 | 51,690 | 0 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Development Communities | Avalon Redmond Campus |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 214 | 214 |  |  |
Initial Cost |  |  |  |  |
Land and improvements | $ 0 | $ 0 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 13,364 | 13,364 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 0 | 0 |  |  |
Building / Construction in Progress & Improvements | 13,364 | 13,364 |  |  |
Total | 13,364 | 13,364 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 13,364 | 13,364 | 0 |  |
Encumbrances | 0 | 0 |  |  |
Land Held for Development |  |  |  |  |
Initial Cost |  |  |  |  |
Land and improvements | 147,546 | 147,546 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Costs Subsequent to Acquisition / Construction | 0 | 0 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 147,546 | 147,546 |  |  |
Building / Construction in Progress & Improvements | 0 | 0 |  |  |
Total | 147,546 | 147,546 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 147,546 | 147,546 | 110,142 |  |
Encumbrances | 0 | 0 |  |  |
Corporate Overhead |  |  |  |  |
Initial Cost |  |  |  |  |
Land and improvements | 10,899 | 10,899 |  |  |
Building / Construction in Progress & Improvements | 11,414 | 11,414 |  |  |
Costs Subsequent to Acquisition / Construction | 104,412 | 104,412 |  |  |
Total Cost |  |  |  |  |
Land and improvements | 10,899 | 10,899 |  |  |
Building / Construction in Progress & Improvements | 115,826 | 115,826 |  |  |
Total | 126,725 | 126,725 |  |  |
Accumulated Depreciation | 66,045 | 66,045 |  |  |
Total real estate, net | 60,680 | 60,680 | 58,223 |  |
Encumbrances | 7,400,000 | 7,400,000 |  |  |
For-Sale Condominium Inventory |  |  |  |  |
Initial Cost |  |  |  |  |
Land and improvements | 72,212 | 72,212 |  |  |
Building / Construction in Progress & Improvements | 234,530 | 234,530 |  |  |
Costs Subsequent to Acquisition / Construction | (160,207) | (160,207) |  |  |
Total Cost |  |  |  |  |
Land and improvements | 72,212 | 72,212 |  |  |
Building / Construction in Progress & Improvements | 74,323 | 74,323 |  |  |
Total | 146,535 | 146,535 |  |  |
Accumulated Depreciation | 0 | 0 |  |  |
Total real estate, net | 146,535 | 146,535 | 267,219 |  |
Encumbrances | $ 0 | $ 0 |  |  |
Wholly owned properties |  |  |  |  |
Real Estate and Accumulated Depreciation |  |  |  |  |
Number of units in real estate property | home | 84,599 | 84,599 |  |  |
2021 Disposals |  |  |  |  |
Total Cost |  |  |  |  |
Total real estate, net |  |  | $ 243,300 |  |
Unsecured notes |  |  |  |  |
Total Cost |  |  |  |  |
Deferred financing costs and debt discount associated with unsecured and secured notes | $ 50,606 | $ 50,606 |  |  |
Secured notes |  |  |  |  |
Total Cost |  |  |  |  |
Deferred financing costs and debt discount associated with unsecured and secured notes | $ 16,278 | $ 16,278 |  |  |

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