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Commitments to Acquire/Dispose of Real Estate | 3 Months Ended
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Mar. 31, 2017
Commitments To Acquire Dispose Of Real Estate [Abstract] |
Commitments to Acquire/Dispose of Real Estate |
5. | Commitments to Acquire/Dispose of Real Estate
The Company has entered into a separate agreement to acquire the following (purchase price in thousands):
|  | Properties |  |  | Apartment Units |  |  | Purchase Price |
Rental Properties |  |  | 1 |  |  |  | 136 |  |  | $ | 57,028 |
Total |  |  | 1 |  |  |  | 136 |  |  | $ | 57,028 |
The Company has entered into separate agreements to dispose of the following (sales price in thousands):
|  | Properties |  |  | Apartment Units |  |  | Sales Price |
Rental Properties |  |  | 2 |  |  |  | 600 |  |  | $ | 219,100 |
Land Parcels (one) |  |  | — |  |  |  | — |  |  |  | 2,700 |
Total |  |  | 2 |  |  |  | 600 |  |  | $ | 221,800 |
The closings of these pending transactions are subject to certain conditions and restrictions, therefore, there can be no assurance that these transactions will be consummated or that the final terms will not differ in material respects from those summarized in the preceding paragraphs.

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- Definition Commitments to Acquire/Dispose of Real Estate. + References No definition available. + Details
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- Definition Disclosure of acquisition/disposition transactions with closing dates subsequent to the balance sheet date for which the Company had entered into separate agreements prior to the balance sheet date. The closing of these transactions is subject to certain conditions and restrictions such that there can be no assurance that these transactions will be consummated or that the final terms will not differ in material respects from the original agreements. + References No definition available. + Details
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