Net Gain on Disposition of Interest in Unconsolidated Entities

The following table summarizes the net gain on disposition of interest in unconsolidated entities which are included in equity from unconsolidated entities.



		Three Months Ended June 30,					Six Months Ended June 30,
		2015		2014			2015		2014
		(in thousands)
Apartment Communities:
Newport Landing	Coventry Township, Ohio	$	5,765	$	—		$	5,765	$	—
Eaton Ridge	Sagamore Hills, Ohio	4,745		—			4,745		—
Arbor Glen	Twinsburg, Ohio	3,422		—			3,422		—
Parkwood Village	Brunswick, Ohio	2,817		—			2,817		—
Sutton Landing	Brimfield, Ohio	2,535		—			2,535		—
Westwood Reserve	Tampa, Florida	—		—			—		8,904
Legacy Crossroads	Cary, North Carolina	—		—			—		6,216
Colonial Grand	Tampa, Florida	—		—			—		4,904
Legacy Arboretum	Charlotte, North Carolina	—		—			—		3,257
Barrington Place	Raleigh, North Carolina	—		—			—		1,515
Golden Gate (Specialty Retail Center)	Mayfield Heights, Ohio	—		16,440			—		16,440
Other		—		(350		)	—		(350		)
		$	19,284	$	16,090		$	19,284	$	40,886

In April 2015, the Company acquired its partner’s 50% equity ownership interest in three operating apartment communities (Cherry Tree, Chestnut Lake and Stratford Crossing) in exchange for the Company’s 50% equity ownership in five operating apartment communities (Arbor Glen, Eaton Ridge, Newport Landing, Parkwood Village and Sutton Landing) in a non-cash transaction. As a result, the Company recorded gains on disposition of interest in unconsolidated entities as noted above during the three and six months ended June 30, 2015. See Note L – Net Gain on Change in Control of Interests for detailed information on the net gain on change in control of interests related to the three retained operating apartment communities.