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Real Estate Acquisitions and Dispositions | 12 Months Ended
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Dec. 31, 2021
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, 2021:
Multifamily Development Acquisitions |  | Market |  | Units (1) |  | Date Acquired
Novel Daybreak (2) |  | Salt Lake City, UT |  | 400 |  | April 2021
Novel West Midtown (2) |  | Atlanta, GA |  | 340 |  | April 2021
(1) Represents number of units upon completion of the development. (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.
Land Acquisition |  | Market |  | Acres |  | Date Acquired
MAA Westshore |  | Tampa, FL |  | 19 |  | June 2021
The following table reflects the Company’s disposition activity for the year ended December 31, 2021:
Multifamily Dispositions |  | Market |  | Units |  | Date Sold
Crosswinds |  | Jackson, MS |  | 360 |  | June 2021
Pear Orchard |  | Jackson, MS |  | 389 |  | June 2021
Reflection Pointe |  | Jackson, MS |  | 296 |  | June 2021
Lakeshore Landing |  | Jackson, MS |  | 196 |  | June 2021
MAA Timbercrest |  | Charlotte, NC |  | 282 |  | November 2021
Colonial Village at Greentree |  | Savannah, GA |  | 194 |  | November 2021
Colonial Village at Marsh Cove |  | Savannah, GA |  | 188 |  | November 2021
Land Dispositions |  | Market |  | Acres |  | Date Sold
Colonial Promenade |  | Huntsville, AL |  | 1 |  | September 2021
Tutwiler |  | Birmingham, AL |  | 9 |  | September 2021
Colonial Grand at Sweetwater |  | Phoenix, AZ |  | 5 |  | October 2021
Colonial Grand at Traditions |  | Gulf Shores, AL |  | 118 |  | December 2021
Colonial Grand at Thunderbird |  | Phoenix, AZ |  | 9 |  | December 2021

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- 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
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- References No definition available. + Details
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