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Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

Dispositions

During July 2017, we sold three multifamily properties that were classified as held for sale as of June 30, 2017. See Footnote 1, "Basis of Presentation and Principles of Consolidation and Significant Accounting Policies," for details on the held for sale classification of these properties. The following table lists the communities that were disposed during July 2017:

Community
 
Market
 
Units
 
Closing Date
 
Operating Segment
Paddock Club Lakeland
 
Lakeland, FL
 
464
 
July 13, 2017
 
Non-same store and other
Paddock Club Montgomery
 
Montgomery, AL
 
208
 
July 20, 2017
 
Non-same store and other
Northwood Place
 
Arlington, TX
 
270
 
July 20, 2017
 
Non-same store and other


We expect to recognize total net gains on the sale of real estate assets of approximately $60 million in the third quarter of 2017 in connection with the sale of these properties.

Financing

On July 17, 2017, we paid off $150 million of senior unsecured notes upon maturity.