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v3.22.2.2

Investments - Narrative (Details) ft² in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 USD ($) ft² entity loan | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) home entity ft² community loan | Sep. 30, 2021 USD ($)
Equity method investment |  |  |  |
Number of communities acquired | community |  |  | 3 |
Payments to acquire other real estate |  |  | $ 459,695,000 | $ 392,746,000
Number of mezzanine loans | loan | 3 |  | 3 |
Initial commitment for mezzanine loan | $ 92,375,000 |  | $ 92,375,000 |
Outstanding funding on mezzanine loans | 15,514,000 |  | 15,514,000 |
Nonoperating expense related to development pursuits | (6,514,000) | $ (417,000) | (9,865,000) | (1,900,000)
Impairment losses on long-lived assets | 0 | 0 | 0 | 0
Casualty and impairment loss | 0 | 1,940,000 | 0 | 3,117,000
Other than temporary losses on investments | $ 0 | 0 | 0 | 0
Pacific Northwest |  |  |  |
Equity method investment |  |  |  |
Write off of acquisition related costs related to a development right that is no longer probable |  |  | 5,335,000 |
Hurricane | East Coast |  |  |  |
Equity method investment |  |  |  |
Casualty and impairment loss |  | 1,971,000 |  | 1,971,000
Fire |  |  |  |
Equity method investment |  |  |  |
Casualty and impairment loss |  |  |  | 1,146,000
Avalon Grosvenor Tower | Notes payable maturing in 2022 | Secured Debt |  |  |  |
Equity method investment |  |  |  |
Repayments of secured debt |  |  | 39,060,000 |
Avalon Studio 4121 | Notes payable maturing in 2022 | Secured Debt |  |  |  |
Equity method investment |  |  |  |
Repayments of secured debt |  |  | 25,768,000 |
Avalon Station 250 | Notes payable maturing in 2022 | Secured Debt |  |  |  |
Equity method investment |  |  |  |
Repayments of secured debt |  |  | $ 50,385,000 |
Avalon Flatirons |  |  |  |
Equity method investment |  |  |  |
Number of apartment homes acquired | home |  |  | 207 |
Square feet of commercial space | ft² | 16 |  | 16 |
Payments to acquire other real estate |  |  | $ 95,000,000 |
Waterford Court |  |  |  |
Equity method investment |  |  |  |
Number of apartment homes acquired | home |  |  | 196 |
Payments to acquire other real estate |  |  | $ 69,500,000 |
Avalon Miramar Park Place |  |  |  |
Equity method investment |  |  |  |
Number of apartment homes acquired | home |  |  | 650 |
Payments to acquire other real estate |  |  | $ 295,000,000 |
The Park Loggia |  |  |  |
Equity method investment |  |  |  |
Proceeds from sale of real estate | $ 38,991,000 |  | $ 120,328,000 |
Square feet of commercial space | ft² | 66 |  | 66 |
Casualty and impairment loss | $ 0 | 0 | $ 0 | 0
Land Parcel |  |  |  |
Equity method investment |  |  |  |
Casualty and impairment loss | $ 0 | $ 0 | $ 0 | $ 0
Unconsolidated real estate entities |  |  |  |
Equity method investment |  |  |  |
Number of unconsolidated real estate entities | entity | 7 |  | 7 |
US Fund |  |  |  |
Equity method investment |  |  |  |
Ownership percentage | 28.60% |  | 28.60% |
Number of communities sold | community |  |  | 3 |
Income from equity method investments due to recognition of promoted interest | $ (4,690,000) |  |  |
US Fund | Avalon Grosvenor Tower |  |  |  |
Equity method investment |  |  |  |
Number of apartment homes sold | home |  |  | 237 |
Proceeds from sale of real estate |  |  | $ 95,250,000 |
Gain on disposal of equity method investment |  |  | $ (9,187,000) |
US Fund | Avalon Studio 4121 |  |  |  |
Equity method investment |  |  |  |
Number of apartment homes sold | home |  |  | 149 |
Proceeds from sale of real estate |  |  | $ 76,000,000 |
Gain on disposal of equity method investment |  |  | $ (9,236,000) |
US Fund | Avalon Station 250 |  |  |  |
Equity method investment |  |  |  |
Number of apartment homes sold | home |  |  | 285 |
Proceeds from sale of real estate |  |  | $ 142,250,000 |
Gain on disposal of equity method investment |  |  | $ (19,639,000) |
Minimum | Unconsolidated real estate entities |  |  |  |
Equity method investment |  |  |  |
Ownership percentage | 20.00% |  | 20.00% |
Maximum | Unconsolidated real estate entities |  |  |  |
Equity method investment |  |  |  |
Ownership percentage | 50.00% |  | 50.00% |

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