Real Estate Disposition Activities (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Details regarding the real estate sales, which resulted in a gain in accordance with GAAP of $555,558,000, excluding for-sale residential condominiums at The Park Loggia, are summarized in the following table (dollars in thousands):


Community Name	Location	Period of sale	Apartment homes	Debt		Gross sales price		Net cash proceeds
Avalon West Long Branch	West Long Branch, NJ	Q122	180	$	—	$	75,000	$	73,286
Avalon Ossining	Ossining, NY	Q122	168	—		70,000		69,298
Avalon East Norwalk	Norwalk, CT	Q122	240	—		90,000		87,996
Avalon Green I/Avalon Green II/Avalon Green III	Elmsford, NY	Q322	617	—		306,000		303,209
Avalon Del Mar Station	Pasadena, CA	Q322	347	—		172,300		170,226
Avalon Sharon	Sharon, MA	Q322	156	—		65,650		64,671
Avalon Park Crest	Tysons Corner, VA	Q422	354	—		145,500		143,340
Other real estate (1)	multiple	2022	N/A	—		28,685		22,091

Total of 2022 asset sales			2,062	$	—	$	953,135	$	934,117

Total of 2021 asset sales			2,404	$	—	$	875,058	$	850,230

Total of 2020 asset sales			1,817	$	—	$	634,250	$	619,773

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(1) Represents the sale of a land parcel, located in West Windsor, NJ.