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Real Estate Disposition Activities

9 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Real Estate Disposition Activities

Real Estate Disposition Activities

The following real estate sales occurred during the nine months ended September 30, 2025 (dollars in thousands):

Community name						Location						Period of sale						Apartment homes						Gross sales price						Gain (Loss) on  disposition (1)						Commercial square feet
Avalon Wilton on River Road						Wilton, CT						Q1 2025						102						$	65,100					$	56,476					—
Avalon Wesmont Station I & II						Wood-Ridge, NJ						Q2 2025						406						161,500						99,636						18,000
Avalon at Gallery Place						Washington D.C.						Q3 2025						203						87,100						63,026						9,000
Avalon First and M						Washington D.C.						Q3 2025						469						181,750						41,499						4,000
AVA NoMa						Washington D.C.						Q3 2025						438						142,480						31,051						7,000
Avalon Brooklyn Bay						Brooklyn, NY						Q3 2025						180						74,500						(1,668)						—
Archstone Redmond Lakeview						Redmond, WA						Q3 2025						166						63,250						34,454						—
AVA H Street						Washington D.C.						Q3 2025						138						36,000						12,175						—
Total																		2,102						$	811,680					$	336,649					38,000

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(1)    Gain (Loss) on disposition was reported in gain on sale of communities, net on the accompanying Condensed Consolidated Statements of Comprehensive Income.

At September 30, 2025, the Company had two real estate assets that qualified as held for sale.

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- References

No definition available.

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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
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/205-20/tableOfContent

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

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