Real Estate Acquisitions and Dispositions

3 Months Ended

Mar. 31, 2014

Notes To Financial Statements [Abstract]

Real Estate Acquisitions and Dispositions

 Real Estate Acquisitions and Dispositions

On January 15, 2014, we closed on the purchase of the 312-unit Grand Cypress apartment community located in Cypress (Houston), Texas. This property was previously a part of our Fund II Joint Venture.

On January 31, 2014, we closed on the purchase of the 250-unit Venue at Stonebridge Ranch apartment community located in McKinney (Dallas), Texas. This property was previously a part of our Fund II Joint Venture.

On March 28, 2014, we closed on the sale of two properties, Colonial Brookwood Village, a retail mall, and the CC Brookwood Village office space, both located in Birmingham, Alabama. These properties were acquired as part of the merger with Colonial.

During the three months ended March 31, 2014, we closed on the sale of two parcels of land located in Birmingham, Alabama, two parcels of land located in Orlando, Florida, and one parcel of land located in Covington, Louisiana. These parcels were acquired as part of the merger with Colonial.