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Real Estate Acquisitions and Dispositions | 12 Months Ended
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Dec. 31, 2022
Real Estate [Abstract] |
Real Estate Acquisitions and Dispositions | 14. Real Estate Acquisitions and Dispositions During the year ended December 31, 2022, the Company acquired a 196-unit multifamily apartment community located in the Tampa, Florida market for approximately $73 million, a 344-unit multifamily apartment community located in the Charlotte, North Carolina market for approximately $140 million. The following table reflects the Company’s acquisition activity for the year ended December 31, 2022:
Multifamily Acquisitions |  | Market |  | Units |  | Date Acquired
MAA Hampton Preserve II |  | Tampa, FL |  | 196 |  | July 2022
MAA LoSo |  | Charlotte, NC |  | 344 |  | September 2022
During the year ended December 31, 2022, the Company acquired five land parcels for future development for approximately $59 million.
Land Acquisitions |  | Market |  | Acres |  | Date Acquired
MAA Florida Street Station |  | Denver, CO |  | 4 |  | March 2022
MAA Packing District |  | Orlando, FL |  | 4 |  | May 2022
MAA Panorama |  | Denver, CO |  | 6 |  | July 2022
MAA Nixie |  | Raleigh, NC |  | 6 |  | November 2022
Alta 10th (1) |  | Charlotte, NC |  | 3 |  | December 2022
(1) Represents a pre-purchase multifamily development. Approximately $10 million has been funded as of December 31, 2022, primarily related to land, with development expected to begin in the second half of 2023. MAA owns 95% of the joint venture that owns this property. During the year ended December 31, 2022, the Company closed on two dispositions in the Fort Worth, Texas market, one disposition in Maryland and one disposition in the Austin, Texas market. The Company received combined gross proceeds of approximately $325 million and recognized a combined gain on the sale of depreciable real estate assets of approximately $215 million. The following table reflects the Company’s disposition activity for the year ended December 31, 2022:
Multifamily Dispositions |  | Market |  | Units |  | Date Sold
MAA Deer Run |  | Fort Worth, TX |  | 304 |  | June 2022
MAA Oakbend |  | Fort Worth, TX |  | 426 |  | June 2022
Post Park Maryland |  | Maryland, MD |  | 396 |  | October 2022
Stassney Woods |  | Austin, TX |  | 288 |  | December 2022
During the year ended December 31, 2022, the Company closed on the disposition of two land parcels in the Huntsville, Alabama market for combined gross proceeds of approximately $1 million, resulting in the recognition of a negligible gain on the sale of non-depreciable real estate assets.
Land Dispositions |  | Market |  | Acres |  | Date Sold
Colonial Promenade |  | Huntsville, AL |  | 2 |  | April 2022
Colonial Promenade |  | Huntsville, AL |  | 3 |  | August 2022

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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 https://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 https://asc.fasb.org/topic&trid=2303972 + Details
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