Real Estate Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2019

Real Estate [Abstract]

Schedule of Real Estate Asset Acquisitions and Dispositions

The following table reflects the Company's acquisition activity for the year ended December 31, 2019:

Multifamily Acquisitions	Market	Units		Date Acquired
The Greene	Greenville, SC	271		November 2019
Jefferson Sand Lake (1)	Orlando, FL	264		October 2019
Novel Midtown (2)	Phoenix, AZ	345		February 2019
Commercial Acquisition	Market	Sq Ft		Date Acquired
220 Riverside Retail (3)	Jacksonville, FL		14,941	August 2019
Land Acquisition	Market	Acres		Date Acquired
North Orange Avenue – Outparcel	Orlando, FL	2		April 2019

^{(1) This pre-purchase multifamily community development is being developed through a joint venture with a local developer. The Company owns 95% of the joint venture that owns this property.}

^{(2) This pre-purchase multifamily community development is being developed through a joint venture with a local developer. The Company owns 80% of the joint venture that owns this property.}

^{(3) The Company acquired the ground floor retail portion of one of its existing multifamily apartment communities.}

The following table reflects the Company's disposition activity for the year ended December 31, 2019:

Multifamily Dispositions	Market	Units		Date Sold
Ridge at Chenal Valley	Little Rock, AR	312		October 2019
Calais Forest	Little Rock, AR	260		November 2019
Napa Valley	Little Rock, AR	240		November 2019
Westside Creek	Little Rock, AR	308		November 2019
Palisades at Chenal Valley	Little Rock, AR	248		December 2019
Commercial Disposition	Market	Sq Ft		Date Sold
Poplar Avenue Office	Memphis, TN		42,000	March 2019
Land Dispositions	Market	Acres		Date Sold
Peachtree Road – Outparcel	Atlanta, GA	1		February 2019
Colonial Promenade – Outparcel	Huntsville, AL	4		April 2019
Forty Seven Canal Place – Outparcel	Gulf Shores, AL	45		October 2019
Craft Farms – Outparcel	Gulf Shores, AL	33		December 2019