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ACQUISITIONS AND DISPOSITIONS (Tables) | 3 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
Schedule of Acquisitions | 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.
Schedule of Dispositions | he 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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