Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

14. SubsequentEvents

Subsequent to March 31, 2019, the Company:

• Acquired one property consisting of 366 apartment units for $103.5 million;

• Sold one wholly-owned property consisting of 266 apartment units for $237.5 million; and

• Repaid $95.5 million of tax-exempt mortgage bonds maturing in 2036 in conjunction with the sale of the wholly owned property noted above.