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Subsequent Events
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

Dispositions

On July 1, 2015, we sold three multifamily properties, totaling 1,602 units. This included the 1,008-unit Whisperwood apartment community located in Columbus, Georgia; the 390-unit Colonial Grand at Wilmington apartment community located in Wilmington, North Carolina; and the 204-unit Savannah Creek apartment community located in Southaven, Mississippi. We expect to recognize total net gains on the sale of real estate assets of approximately $54 million in the third quarter in connection with the sale of these properties.

Acquisitions

On July 28, 2015, we acquired the 252-unit Radius apartment community located in Newport News, Virginia.

On July 30, 2015, we acquired the 280-unit Haven at Prairie Trace apartment community located in Kansas City, Missouri.