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Subsequent Events | 6 Months Ended
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Jun. 30, 2017
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Dispositions During July 2017, we sold three multifamily properties that were classified as held for sale as of June 30, 2017. See Footnote 1, "Basis of Presentation and Principles of Consolidation and Significant Accounting Policies," for details on the held for sale classification of these properties. The following table lists the communities that were disposed during July 2017:
Community |  | Market |  | Units |  | Closing Date |  | Operating Segment
Paddock Club Lakeland |  | Lakeland, FL |  | 464 |  | July 13, 2017 |  | Non-same store and other
Paddock Club Montgomery |  | Montgomery, AL |  | 208 |  | July 20, 2017 |  | Non-same store and other
Northwood Place |  | Arlington, TX |  | 270 |  | July 20, 2017 |  | Non-same store and other
We expect to recognize total net gains on the sale of real estate assets of approximately $60 million in the third quarter of 2017 in connection with the sale of these properties. Financing On July 17, 2017, we paid off $150 million of senior unsecured notes upon maturity.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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