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Commitments to Acquire/Dispose of Real Estate
 6 Months Ended
Jun. 30, 2018
Commitments To Acquire Dispose Of Real Estate [Abstract]  
Commitments to Acquire/Dispose of Real Estate

5.

Commitments to Acquire/Dispose of Real Estate

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

 

 

 

Properties

 

 

Apartment Units

 

 

Purchase Price

 

Rental Properties – Consolidated

 

 

1

 

 

 

372

 

 

$

135,500

 

Total

 

 

1

 

 

 

372

 

 

$

135,500

 

 

The Company has entered into a separate agreement to dispose of the following (sales price in thousands):

 

 

 

Properties

 

 

Apartment Units

 

 

Sales Price

 

Rental Properties – Consolidated

 

 

1

 

 

 

506

 

 

$

416,100

 

Total

 

 

1

 

 

 

506

 

 

$

416,100

 

 

The closing of these pending transactions are subject to certain conditions and restrictions, therefore, there can be no assurance that these transactions will be consummated or that the final terms will not differ in material respects from those summarized above.