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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