Subsequent Events

3 Months Ended

Mar. 31, 2020

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

COVID-19 Pandemic

        Subsequent to March 31, 2020, the global economy has continued to be severely impacted by the COVID-19 pandemic. We are actively monitoring the impact of the COVID-19 pandemic, which we anticipate will negatively impact our business and results of operations for our second fiscal quarter and likely beyond. The extent to which our operations will be impacted will depend largely on future developments, which are highly uncertain and cannot be accurately predicted, including new information which may emerge concerning the severity of the pandemic and actions by government authorities to contain the pandemic or treat its impact, among other things.

Subsequent Acquisitions

        From April 1, 2020 through April 30, 2020, the Company added 158 properties to its portfolio for a total cost of approximately $39.2 million, which included 143 homes developed through our new construction channel.

Subsequent Dispositions

        From April 1, 2020 through April 30, 2020, the Company disposed of 60 properties for aggregate net proceeds of approximately $13.8 million.