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Real Estate Acquisitions and Dispositions (Tables)
9 Months Ended
Sep. 30, 2021
Real Estate [Abstract]  
Schedule of Real Estate Asset Acquisitions and Dispositions

The following table reflects the Company’s acquisition activity for the nine months ended September 30, 2021:

Multifamily Development Acquisitions (1)

 

Market

 

Units (2)

 

 

Date Acquired

Novel Daybreak

 

Salt Lake City, UT

 

 

400

 

 

April 2021

Novel West Midtown

 

Atlanta, GA

 

 

340

 

 

April 2021

(1)
These pre-purchase multifamily community developments are being developed through joint ventures with a local developer. The Company owns 80% of each joint venture that owns these properties.
(2)
Represents number of units upon completion of the development.

Land Acquisition

 

Market

 

Acres

 

Date Acquired

MAA Westshore

 

Tampa, FL

 

19

 

June 2021

 

The following table reflects the Company’s disposition activity for the nine months ended September 30, 2021:

Multifamily Disposition

 

Market

 

Units

 

 

Date Sold

Crosswinds

 

Jackson, MS

 

 

360

 

 

June 2021

Pear Orchard

 

Jackson, MS

 

 

389

 

 

June 2021

Reflection Pointe

 

Jackson, MS

 

 

296

 

 

June 2021

Lakeshore Landing

 

Jackson, MS

 

 

196

 

 

June 2021

 

 

 

 

 

 

 

 

Land Disposition

 

Market

 

Acres

 

 

Date Sold

Colonial Promenade

 

Huntsville, AL

 

 

1

 

 

September 2021

Tutwiler

 

Birmingham, AL

 

 

9

 

 

September 2021