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Acquisitions
3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]  
Acquisitions [Text Block]
5. Acquisitions and Dispositions
Acquisition of Land. We did not acquire any land during the three months ended March 31, 2021. During the three months ended March 31, 2020, we acquired approximately 4.9 acres of land in Raleigh, North Carolina for approximately $18.2 million for the future development of approximately 355 apartment homes.
Disposition of Land. We did not sell any land during the three months ended March 31, 2021. During the three months ended March 31, 2020, we sold approximately 4.7 acres of land adjacent to one of our operating properties in Raleigh, North Carolina for approximately $0.8 million in March 2020 and recognized a gain of $0.4 million.