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Real Estate Disposition Activities | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Real Estate Disposition Activities | Real Estate Disposition Activities Details regarding the real estate sales, which resulted in a gain in accordance with GAAP of $555,558,000, excluding for-sale residential condominiums at The Park Loggia, are summarized in the following table (dollars in thousands):
Community Name |  | Location |  | Period of sale |  | Apartment homes |  | Debt |  | Gross sales price |  | Net cash proceeds
Avalon West Long Branch |  | West Long Branch, NJ |  | Q122 |  | 180 |  |  | $ | — |  |  | $ | 75,000 |  |  | $ | 73,286 |
Avalon Ossining |  | Ossining, NY |  | Q122 |  | 168 |  |  | — |  |  | 70,000 |  |  | 69,298 |
Avalon East Norwalk |  | Norwalk, CT |  | Q122 |  | 240 |  |  | — |  |  | 90,000 |  |  | 87,996 |
Avalon Green I/Avalon Green II/Avalon Green III |  | Elmsford, NY |  | Q322 |  | 617 |  |  | — |  |  | 306,000 |  |  | 303,209 |
Avalon Del Mar Station |  | Pasadena, CA |  | Q322 |  | 347 |  |  | — |  |  | 172,300 |  |  | 170,226 |
Avalon Sharon |  | Sharon, MA |  | Q322 |  | 156 |  |  | — |  |  | 65,650 |  |  | 64,671 |
Avalon Park Crest |  | Tysons Corner, VA |  | Q422 |  | 354 |  |  | — |  |  | 145,500 |  |  | 143,340 |
Other real estate (1) |  | multiple |  | 2022 |  | N/A |  | — |  |  | 28,685 |  |  | 22,091 |
Total of 2022 asset sales |  |  |  |  |  | 2,062 |  |  | $ | — |  |  | $ | 953,135 |  |  | $ | 934,117 |
Total of 2021 asset sales |  |  |  |  |  | 2,404 |  |  | $ | — |  |  | $ | 875,058 |  |  | $ | 850,230 |
Total of 2020 asset sales |  |  |  |  |  | 1,817 |  |  | $ | — |  |  | $ | 634,250 |  |  | $ | 619,773 |
_________________________________ (1) Represents the sale of a land parcel, located in West Windsor, NJ. As of December 31, 2022, the Company had no real estate assets that qualified as held for sale. The Park Loggia The Park Loggia, located in New York, NY, contains 172 for-sale residential condominiums and 66,000 square feet of commercial space. The Company sold 40, 53 and 70 residential condominiums at The Park Loggia, for gross proceeds of $126,848,000, $135,458,000 and $216,372,000 resulting in a gain in accordance with GAAP of $2,217,000, $3,110,000 and $8,213,000 during the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, there were nine residential condominiums remaining to be sold. The Company incurred $2,129,000, $4,087,000 and $5,662,000 during the years ended December 31, 2022, 2021 and 2020, respectively, in marketing, operating and administrative costs. All amounts are included in net for-sale condominium activity, on the accompanying Consolidated Statements of Comprehensive Income. As of December 31, 2022 and 2021, the unsold for-sale residential condominiums at The Park Loggia had an aggregate carrying value of $32,532,000 and $146,535,000, respectively, presented as for-sale condominium inventory on the accompanying Consolidated Balance Sheets.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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