Investments (Tables)

12 Months Ended

Dec. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Summary of Details Regarding Acquired Communities

Details regarding communities acquired in 2022, 2021 and 2020, are summarized in the following table (dollars in thousands):

Community Name	Location	Number of communities	Apartment homes	Purchase price		Retail square feet
Avalon Flatirons	Lafayette, CO	1	207	$	95,000	16,000
Waterford Court	Addison, TX	1	196	69,500		—
Avalon Miramar Park Place	Miramar, FL	1	650	295,000		—
Avalon Highland Creek	Charlotte, NC	1	260	76,700		—
Total 2022 acquisitions		4	1,313	$	536,200	16,000
Total 2021 acquisitions		7	1,932	$	724,500	90,000
Total 2020 acquisitions		—	—	$	—	—