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ACQUISITIONS AND DISPOSITIONS (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Combinations [Abstract] |
Acquisitions | Our acquisitions during the years ended December 31, 2020 and 2019 are detailed below. Year Ended December 31, 2020
|  |  | (in thousands)
|  |  | Total | Form of Consideration | Investment Allocation
|  | Date | Acquisition |  |  |  |  | Intangible |
Acquisitions |  | Acquired | Cost | Cash | Other(1) | Land | Building | Assets | Other(2)
182 homes - Ironwood Apartments - New Hope, MN |  | March 5, 2020 | $ | 46,263 |  | $ | 28,600 |  | $ | 17,663 |  | $ | 2,165 |  | $ | 36,869 |  | $ | 824 |  | $ | 6,405 |
465 homes - Parkhouse Apartments - Thornton, CO |  | September 22, 2020 | 144,750 |  | 144,750 |  | — |  | 10,474 |  | 132,105 |  | 2,171 |  | — |
Total Acquisitions |  |  | $ | 191,013 |  | $ | 173,350 |  | $ | 17,663 |  | $ | 12,639 |  | $ | 168,974 |  | $ | 2,995 |  | $ | 6,405 |
(1)Payoff of note receivable and accrued interest by seller at closing. (2)Consists of TIF note acquired. Refer to Note 2 for further discussion. Year Ended December 31, 2019
|  |  | (in thousands)
|  |  | Total | Form of Consideration | Investment Allocation
|  | Date | Acquisition |  |  |  |  | Intangible
Acquisitions |  | Acquired | Cost | Cash | Units(1) | Land | Building | Assets
Multifamily |  |  |  |  |  |  |  |
272 homes - SouthFork Townhomes - Lakeville, MN |  | February 26, 2019 | $ | 44,000 |  | $ | 27,440 |  | $ | 16,560 |  | $ | 3,502 |  | $ | 39,950 |  | $ | 548 |
96 homes - FreightYard Townhomes and Flats - Minneapolis, MN |  | September 6, 2019 | 26,000 |  | 26,000 |  | — |  | 1,889 |  | 23,615 |  | 496 |
328 homes - Lugano at Cherry Creek - Denver, CO(3) |  | September 26, 2019 | 99,250 |  | 99,250 |  | — |  | 7,679 |  | 89,365 |  | 1,781 |
|  |  | $ | 169,250 |  | $ | 152,690 |  | $ | 16,560 |  | $ | 13,070 |  | $ | 152,930 |  | $ | 2,825 |
Other |  |  |  |  |  |  |  |
Minot 3100 10th St SW - Minot, ND(2) |  | May 23, 2019 | $ | 2,112 |  | $ | 2,112 |  | — |  | $ | 246 |  | $ | 1,866 |  | — |
Total Acquisitions |  |  | $ | 171.362 |  | $ | 154,802 |  | $ | 16,560 |  | $ | 13,316 |  | $ | 154,796 |  | $ | 2,825 |
(1)Value of Series D preferred units at the acquisition date. (2)Acquired for use as our Minot corporate office building after renovations have been completed. (3)Investment allocation excludes a $425 acquisition credit related to retail space lease-up.
Schedule of Dispositions | he dispositions for the years ended December 31, 2020 and 2019 are detailed below. Year Ended December 31, 2020
|  |  | (in thousands)
|  | Date |  | Book Value |
Dispositions |  | Disposed | Sales Price | and Sale Cost | Gain/(Loss)
Multifamily |  |  |  |  |
268 homes - Forest Park - Grand Forks, ND |  | August 18, 2020 | $ | 19,625 |  | $ | 6,884 |  | $ | 12,741 |
90 homes - Landmark - Grand Forks, ND |  | August 18, 2020 | 3,725 |  | 1,348 |  | 2,377 |
164 homes - Southwind - Grand Forks, ND |  | August 18, 2020 | 10,850 |  | 4,573 |  | 6,277 |
168 homes - Valley Park - Grand Forks, ND |  | August 18, 2020 | 8,300 |  | 4,059 |  | 4,241 |
|  |  | $ | 42,500 |  | $ | 16,864 |  | $ | 25,636 |
Other |  |  |  |  |
Dakota West |  | August 7, 2020 | $ | 500 |  | $ | 474 |  | $ | 26 |
Unimproved Land |  |  |  |  |
Rapid City Land - Rapid City, SD |  | June 29, 2020 | $ | 1,300 |  | $ | 1,490 |  | $ | (190) |
Total Dispositions |  |  | $ | 44,300 |  | $ | 18,828 |  | $ | 25,472 |
Year Ended December 31, 2019
|  |  | (in thousands)
|  | Date |  | Book Value |
Dispositions |  | Disposed | Sales Price | and Sale Cost | Gain/(Loss)
Multifamily |  |  |  |  |
21 homes - Pinehurst - Billings, MT |  | July 26, 2019 | $ | 1,675 |  | $ | 961 |  | $ | 714 |
160 homes - Brookfield Village - Topeka, KS |  | September 24, 2019 | 10,350 |  | 5,853 |  | 4,497 |
220 homes - Crown Colony - Topeka, KS |  | September 24, 2019 | 17,200 |  | 7,876 |  | 9,324 |
54 homes - Mariposa - Topeka, KS |  | September 24, 2019 | 6,100 |  | 4,290 |  | 1,810 |
300 homes - Sherwood - Topeka, KS |  | September 24, 2019 | 26,150 |  | 11,536 |  | 14,614 |
308 homes - Villa West - Topeka, KS |  | September 24, 2019 | 22,950 |  | 15,165 |  | 7,785 |
152 homes - Crestview - Bismarck, ND |  | October 29, 2019 | 8,250 |  | 2,681 |  | 5,569 |
73 homes - North Pointe - Bismarck, ND |  | October 29, 2019 | 5,225 |  | 3,179 |  | 2,046 |
108 homes - Kirkwood - Bismarck, ND |  | October 29, 2019 | 5,400 |  | 2,518 |  | 2,882 |
65 homes - Westwood Park - Bismarck, ND |  | October 29, 2019 | 4,250 |  | 1,931 |  | 2,319 |
16 homes - Pebble Springs - Bismarck, ND |  | October 29, 2019 | 875 |  | 573 |  | 302 |
192 homes - Arbors - Sioux City, IA |  | December 11, 2019 | 16,200 |  | 6,110 |  | 10,090 |
120 homes - Indian Hills - Sioux City, IA |  | December 11, 2019 | 8,100 |  | 5,302 |  | 2,798 |
132 homes - Ridge Oaks - Sioux City, IA |  | December 11, 2019 | 7,700 |  | 4,006 |  | 3,694 |
50 homes - Cottage West - Sioux Falls, SD |  | December 12, 2019 | 6,991 |  | 4,391 |  | 2,600 |
24 homes - Gables - Sioux Falls, SD |  | December 12, 2019 | 2,515 |  | 2,052 |  | 463 |
79 homes - Oakmont - Sioux Falls, SD |  | December 12, 2019 | 7,010 |  | 3,917 |  | 3,093 |
160 homes - Oakwood - Sioux Falls, SD |  | December 12, 2019 | 12,090 |  | 3,056 |  | 9,034 |
120 homes - Oxbow Park - Sioux Falls, SD |  | December 12, 2019 | 10,452 |  | 2,713 |  | 7,739 |
48 homes - Prairie Winds - Sioux Falls, SD |  | December 12, 2019 | 3,763 |  | 1,112 |  | 2,651 |
44 homes - Sierra Vista - Sioux Falls, SD |  | December 12, 2019 | 3,178 |  | 2,292 |  | 886 |
|  |  | $ | 186,424 |  | $ | 91,514 |  | $ | 94,910 |
Other |  |  |  |  |
Minot 1400 31st Ave SW - Minot, ND |  | May 23, 2019 | $ | 6,530 |  | $ | 6,048 |  | $ | 482 |
Woodbury 1865 Woodland - Woodbury, MN |  | November 1, 2019 | 5,765 |  | 4,079 |  | 1,686 |
|  |  | $ | 12,295 |  | $ | 10,127 |  | $ | 2,168 |
Unimproved Land |  |  |  |  |
Creekside Crossing - Bismarck, ND |  | March 1, 2019 | $ | 3,049 |  | $ | 3,205 |  | $ | (156) |
Minot 1525 24th Ave SW - Minot, ND |  | April 3, 2019 | 725 |  | 593 |  | 132 |
Weston - Weston, WI |  | July 31, 2019 | 600 |  | 427 |  | 173 |
|  |  | $ | 4,374 |  | $ | 4,225 |  | $ | 149 |
Total Dispositions |  |  | $ | 203,093 |  | $ | 105,866 |  | $ | 97,227 |

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