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Subsequent Events
9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

NOTE 15 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events and determined that no additional events have occurred which would require an adjustment to or additional disclosure in the consolidated financial statements.

 

On November 2, 2020, the Company refinanced the mortgage on Arcadia Apartment Homes in Centennial, Colorado, resulting in net proceeds of $15.9 million.

 

On November 2, 2020, the Company refinanced the mortgage on Verdant Apartment Homes in Boulder, Colorado, resulting in net proceeds of $9.3 million.

On November 2, 2020, the Company filed an amendment to our Registration Statements on Form S-4 related to the Mergers.  On November 4, 2020, each registration statement was declared effective by the SEC.

On November 3, 2020, the Company refinanced the mortgage on 1000 Spalding in Sandy Springs, Georgia, resulting in net proceeds of $10.8 million