Commitments to Acquire/Dispose of Real Estate (Tables)

3 Months Ended

Mar. 31, 2014

Commitments to Acquire Dispose of Real Estate [Abstract]

Real Estate to be Acquired Table Text Block

The Company has entered into a separate agreement to acquire the following (purchase price in thousands):

	Properties	Apartment Units	Purchase Price
Land Parcel (one)	—	—	$	16,300
Total	—	—	$	16,300

Disposed Properties Table Text Block

In addition to the portion of the land parcel that was subsequently disposed of as discussed in Note 14, the Company has entered into separate agreements to dispose of the following (sales price in thousands):

	Properties	Apartment Units	Sales Price
Rental Properties	4	1,360	$	192,050
Land Parcel	—	—	32,100
Total	4	1,360	$	224,150