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Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events

14.

Subsequent Events

Subsequent to June 30, 2017, the Company:

 

Sold one wholly-owned property consisting of 120 units for $53.0 million;

 

Issued $400.0 million of ten-year 3.25% fixed rate public notes, receiving net proceeds of approximately $399.3 million before underwriting fees, at an all-in effective interest rate of approximately 3.30%;

 

Issued $300.0 million of thirty-year 4.00% fixed rate public notes, receiving net proceeds of approximately $293.2 million before underwriting fees, at an all-in effective interest rate of approximately 4.10%;

 

Received approximately $1.3 million to settle four forward starting swaps in conjunction with the issuance of the $400.0 million fixed rate public notes discussed above; and

 

Repaid $90.0 million of mortgage debt.