SIGNIFICANT ACCOUNTING POLICIES (UNITED DOMINION REALTY, L.P.) (Tables)

9 Months Ended

Sep. 30, 2018

Rental income, as disclosed on the Consolidated Statements of Operations, is disaggregated by principal revenue stream and by reportable segment in the following tables (dollars in thousands). Joint venture management and other fees are not included in the tables as they are not allocable to a specific reportable segment or segments.


	Three Months Ended				Nine Months Ended
	September 30, (a)				September 30, (b)
	2018		2017		2018		2017
Lease Revenue (c)
Same-Store Communities
West Region	$	95,447	$	91,399	$	277,317	$	265,595
Mid-Atlantic Region		51,291		49,772		152,866		148,916
Northeast Region		37,201		36,726		110,541		109,495
Southeast Region		27,773		26,221		81,555		77,697
Southwest Region		11,647		11,446		29,561		29,126
Non-Mature Communities/Other		19,940		13,836		58,570		46,879
Total segment and consolidated lease revenue	$	243,299	$	229,400	$	710,410	$	677,708

Reimbursements Revenue
Same-Store Communities
West Region	$	4,415	$	4,111	$	12,908	$	12,295
Mid-Atlantic Region		2,247		2,121		6,850		6,629
Northeast Region		672		691		1,952		2,131
Southeast Region		1,730		1,634		5,124		4,872
Southwest Region		651		624		1,649		1,572
Non-Mature Communities/Other		1,981		1,737		6,521		5,776
Total segment and consolidated reimbursements revenue	$	11,696	$	10,918	$	35,004	$	33,275

Other Revenue
Same-Store Communities
West Region	$	2,753	$	2,754	$	8,231	$	8,150
Mid-Atlantic Region		1,785		1,646		5,095		4,854
Northeast Region		949		745		2,481		2,188
Southeast Region		1,481		1,442		4,793		4,534
Southwest Region		604		550		1,486		1,483
Non-Mature Communities/Other		689		809		2,873		2,001
Total segment and consolidated other revenue	$	8,261	$	7,946	$	24,959	$	23,210

Total Revenue
Same-Store Communities
West Region	$	102,615	$	98,264	$	298,456	$	286,040
Mid-Atlantic Region		55,323		53,539		164,811		160,399
Northeast Region		38,822		38,162		114,974		113,814
Southeast Region		30,984		29,297		91,472		87,103
Southwest Region		12,902		12,620		32,696		32,181
Non-Mature Communities/Other		22,610		16,382		67,964		54,656
Total segment and consolidated total revenue	$	263,256	$	248,264	$	770,373	$	734,193

(a)

Same-Store Community population consisted of 38,307 apartment homes.

(b)

Same-Store Community population consisted of 37,673 apartment homes.

(c)

Lease Revenue is subject to recognition under ASC 840, Leases.

Adjustment | ASU 2016-18

New accounting pronouncements

Schedule of reclassification on the Consolidated Statements of Cash Flows

As a result of the adoption of ASU 2016-18, for the nine months ended September 30, 2017, the following line items in the following amounts were reclassified on the Consolidated Statements of Cash Flows (in thousands):


	Nine months ended
	September 30, 2017
(Increase)/decrease in operating assets	$	407
Net cash provided by /(used in) operating activities	$	407

Capital expenditures and other major improvements — real estate assets, net of escrow reimbursement	$	12
Net cash provided by /(used in) investing activities	$	12

Net increase/(decrease) in cash, cash equivalents, and restricted cash	$	419

United Dominion Reality L.P.

New accounting pronouncements

Schedule of disaggregation of revenue

Rental income, as disclosed on the Consolidated Statements of Operations, is disaggregated by principal revenue stream and by reportable segment in the following tables (dollars in thousands):


	Three Months Ended				Nine Months Ended
	September 30, (a)				September 30, (b)
	2018		2017		2018		2017
Lease Revenue (c)
Same-Store Communities
West Region	$	57,629	$	54,855	$	169,638	$	161,828
Mid-Atlantic Region		14,065		13,615		41,944		41,008
Northeast Region		13,048		13,020		38,774		38,671
Southeast Region		11,834		11,057		34,479		32,893
Non-Mature Communities/Other		4,487		4,467		12,772		12,752
Total segment and consolidated lease revenue	$	101,063	$	97,014	$	297,607	$	287,152

Reimbursements Revenue
Same-Store Communities
West Region	$	2,940	$	2,732	$	8,763	$	8,248
Mid-Atlantic Region		580		572		1,869		1,806
Northeast Region		422		483		1,200		1,451
Southeast Region		770		728		2,302		2,218
Non-Mature Communities/Other		539		480		1,626		1,431
Total segment and consolidated reimbursements revenue	$	5,251	$	4,995	$	15,760	$	15,154

Other Revenue
Same-Store Communities
West Region	$	1,751	$	1,796	$	5,484	$	5,302
Mid-Atlantic Region		440		470		1,359		1,389
Northeast Region		301		243		806		728
Southeast Region		658		663		2,100		2,060
Non-Mature Communities/Other		75		72		281		161
Total segment and consolidated other revenue	$	3,225	$	3,244	$	10,030	$	9,640

Total Revenue
Same-Store Communities
West Region	$	62,320	$	59,383	$	183,885	$	175,378
Mid-Atlantic Region		15,085		14,657		45,172		44,203
Northeast Region		13,771		13,746		40,780		40,850
Southeast Region		13,262		12,448		38,881		37,171
Non-Mature Communities/Other		5,101		5,019		14,679		14,344
Total segment and consolidated total revenue	$	109,539	$	105,253	$	323,397	$	311,946

(a)

Same-Store Community population consisted of 16,216 apartment homes.

(b)

Same-Store Community population consisted of 16,216 apartment homes.

(c)

Lease Revenue is subject to recognition under ASC 840, Leases.

United Dominion Reality L.P. | Adjustment | ASU 2016-18

New accounting pronouncements

Schedule of reclassification on the Consolidated Statements of Cash Flows


	Nine months ended
	September 30, 2017
(Increase)/decrease in operating assets	$	846
Net cash provided by /(used in) operating activities	$	846

Capital expenditures and other major improvements — real estate assets, net of escrow reimbursement	$	68
Net cash provided by /(used in) investing activities	$	68

Net increase/(decrease) in cash, cash equivalents, and restricted cash	$	914