XML 45 R22.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Real Estate Acquisitions and Dispositions | 12 Months Ended
--- | ---
Dec. 31, 2019
Real Estate [Abstract] |
Real Estate Acquisitions and Dispositions |
14. | Real Estate Acquisitions and Dispositions
The following table reflects the Company's acquisition activity for the year ended December 31, 2019:
Multifamily Acquisitions |  | Market |  | Units |  |  | Date Acquired
The Greene |  | Greenville, SC |  | 271 |  |  | November 2019
Jefferson Sand Lake (1) |  | Orlando, FL |  | 264 |  |  | October 2019
Novel Midtown (2) |  | Phoenix, AZ |  | 345 |  |  | February 2019
Commercial Acquisition |  | Market |  | Sq Ft |  |  | Date Acquired
220 Riverside Retail (3) |  | Jacksonville, FL |  |  | 14,941 |  |  | August 2019
Land Acquisition |  | Market |  | Acres |  |  | Date Acquired
North Orange Avenue – Outparcel |  | Orlando, FL |  | 2 |  |  | April 2019
(1) | This pre-purchase multifamily community development is being developed through a joint venture with a local developer. The Company owns 95% of the joint venture that owns this property.
(2) | This pre-purchase multifamily community development is being developed through a joint venture with a local developer. The Company owns 80% of the joint venture that owns this property.
(3) | The Company acquired the ground floor retail portion of one of its existing multifamily apartment communities.
The following table reflects the Company's disposition activity for the year ended December 31, 2019:
Multifamily Dispositions |  | Market |  | Units |  |  | Date Sold
Ridge at Chenal Valley |  | Little Rock, AR |  | 312 |  |  | October 2019
Calais Forest |  | Little Rock, AR |  | 260 |  |  | November 2019
Napa Valley |  | Little Rock, AR |  | 240 |  |  | November 2019
Westside Creek |  | Little Rock, AR |  | 308 |  |  | November 2019
Palisades at Chenal Valley |  | Little Rock, AR |  | 248 |  |  | December 2019
Commercial Disposition |  | Market |  | Sq Ft |  |  | Date Sold
Poplar Avenue Office |  | Memphis, TN |  |  | 42,000 |  |  | March 2019
Land Dispositions |  | Market |  | Acres |  |  | Date Sold
Peachtree Road – Outparcel |  | Atlanta, GA |  | 1 |  |  | February 2019
Colonial Promenade – Outparcel |  | Huntsville, AL |  | 4 |  |  | April 2019
Forty Seven Canal Place – Outparcel |  | Gulf Shores, AL |  | 45 |  |  | October 2019
Craft Farms – Outparcel |  | Gulf Shores, AL |  | 33 |  |  | December 2019

X
- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration