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ACQUISITIONS AND DISPOSITIONS | 3 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
ACQUISITIONS AND DISPOSITIONS | ACQUISITIONS AND DISPOSITIONS ACQUISITIONS We added $44.0 million of new real estate to our portfolio during the three months ended March 31, 2019, compared to $128.7 million in the three months ended March 31, 2018. Our acquisitions during the three months ended March 31, 2019 and 2018 are detailed below. Three Months Ended March 31, 2019
| Date Acquired |  | (in thousands)
|  | Total Acquisition Cost |  |  | Form of Consideration |  | Investment Allocation
Acquisitions |  |  | Cash |  |  | Units(1) |  |  | Land |  |  | Building |  |  | Intangible Assets |
272 homes - SouthFork Townhomes- Lakeville, MN | February 26, 2019 |  | $ | 44,000 |  |  | $ | 27,440 |  |  | $ | 16,560 |  |  | $ | 3,502 |  |  | $ | 39,950 |  |  | $ | 548 |
Total Acquisitions |  |  | $ | 44,000 |  |  | $ | 27,440 |  |  | $ | 16,560 |  |  | $ | 3,502 |  |  | $ | 39,950 |  |  | $ | 548 |
(1) | Value of Series D preferred units at the acquisition date.
Three Months Ended March 31, 2018
| Date Acquired |  | (in thousands)
|  | Total Acquisition Cost(1) |  |  | Investment Allocation
Acquisitions |  |  | Land |  |  | Building |  |  | Intangible Assets |
390 homes - Westend - Denver, CO | March 28, 2018 |  | $ | 128,700 |  |  | $ | 25,525 |  |  | $ | 102,101 |  |  | $ | 1,074 |
Total Acquisitions |  |  | $ | 128,700 |  |  | $ | 25,525 |  |  | $ | 102,101 |  |  | $ | 1,074 |
(1) | Acquisition cost was paid in cash.
DISPOSITIONS During the three months ended March 31, 2019, we sold one parcel of land for a sale price of $3.0 million. During the three months ended March 31, 2018, we sold three commercial properties for an aggregate sale price of $36.0 million. The following tables detail our dispositions for the three months ended March 31, 2019 and 2018: Three Months Ended March 31, 2019
|  |  | (in thousands)
Dispositions | Date Disposed |  | Sales Price |  |  | Book Value and Sale Cost |  |  | Gain/(Loss) |
Unimproved Land |  |  |  |  |  |  |
Creekside Crossing - Bismarck, ND | March 1, 2019 |  | $ | 3,049 |  |  | $ | 3,205 |  |  | $ | (156 | )
Total Dispositions |  |  | $ | 3,049 |  |  | $ | 3,205 |  |  | $ | (156 | )
Three Months Ended March 31, 2018
|  |  | (in thousands)
Dispositions | Date Disposed |  | Sale Price |  |  | Book Value and Sale Cost |  |  | Gain/(Loss) |
Other |  |  |  |  |  |  |
43,404 sq ft Garden View - St. Paul, MN | January 19, 2018 |  | $ | 14,000 |  |  | $ | 6,191 |  |  | $ | 7,809 |
52,116 sq ft Ritchie Medical - St. Paul, MN | January 19, 2018 |  | 16,500 |  |  | 10,419 |  |  | 6,081 |
22,187 sq ft Bismarck 715 East Broadway - Bismarck, ND | March 7, 2018 |  | 5,500 |  |  | 3,215 |  |  | 2,285 |
Total Dispositions |  |  | $ | 36,000 |  |  | $ | 19,825 |  |  | $ | 16,175 |

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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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