Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events

Subsequent Events

23. Subsequent Events

Our significant events subsequent to March 31, 2016 were as follows:

Woodstar Portfolio Acquisitions

In April 2016, we acquired the final two properties in the Woodstar Portfolio, comprised of 628 units, which were previously under contract for an aggregate gross acquisition price of $39.4 million.  We assumed government sponsored debt of $2.5 million and other third party debt of $18.6 million at acquisition.

Dividend Declaration

On May 9, 2016, our board of directors declared a dividend of $0.48 per share for the second quarter of 2016, which is payable on July 15, 2016 to common stockholders of record as of June 30, 2016.