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Commitments to Acquire/Dispose of Real Estate | 3 Months Ended
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Mar. 31, 2021
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 an agreement to acquire the following (purchase price in thousands):
|  | Properties |  |  | Apartment Units |  |  | Purchase Price |
Rental Properties - Consolidated |  |  | 1 |  |  |  | 280 |  |  | $ | 95,200 |
Total |  |  | 1 |  |  |  | 280 |  |  | $ | 95,200 |
The Company has entered into separate agreements to dispose of the following (sales price and net book value in thousands):
|  | Properties |  |  | Apartment Units |  |  | Sales Price |  |  | Net Book Value at March 31, 2021 |
Rental Properties - Consolidated |  |  | 2 |  |  |  | 340 |  |  | $ | 240,000 |  |  | $ | 139,411 |
Total |  |  | 2 |  |  |  | 340 |  |  | $ | 240,000 |  |  | $ | 139,411 |
The closing of pending transactions is subject to certain conditions and restrictions; therefore, there can be no assurance that the transactions will be consummated or that the final terms will not differ in material respects from any agreements summarized above. See Note 14 for discussion of the properties acquired or disposed of, if any, subsequent to March 31, 2021.

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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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