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REAL ESTATE AND ACCUMULATED DEPRECIATION (Details)
ft² in Thousands, $ in Thousands
 12 Months Ended 36 Months Ended
Dec. 31, 2022
USD ($)
home
residential_condominium
ft²
Dec. 31, 2021
USD ($)
ft²
residential_condominium
Dec. 31, 2020
USD ($)
ft²
residential_condominium
Dec. 31, 2022
USD ($)
home
residential_condominium
ft²
Dec. 31, 2019
USD ($)
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 88,475     88,475  
Initial Cost          
Land and Improvements $ 4,836,093     $ 4,836,093  
Building / Construction in Progress & Improvements 17,697,196     17,697,196  
Costs Subsequent to Acquisition / Construction 3,370,606     3,370,606  
Total Cost          
Land and Improvements 4,836,093     4,836,093  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 21,067,802     21,067,802  
Total 25,903,895 $ 24,927,305 $ 23,962,222 25,903,895 $ 23,606,872
Accumulated Depreciation 6,878,556 6,217,721 $ 5,728,440 6,878,556 $ 5,173,883
Total real estate, net 19,025,339 $ 18,709,584   19,025,339  
Encumbrances $ 8,377,827     $ 8,377,827  
Number of residential condominiums sold | residential_condominium 40 53 70 163  
Commercial square feet | ft² 16 90 0 16  
Deferred financing costs and debt discount associated with unsecured and secured notes $ 61,782 $ 66,884   $ 61,782  
Avalon Flatirons          
Total Cost          
Commercial square feet | ft² 16     16  
The Park Loggia          
Total Cost          
Number of residential units in development | residential_condominium 172     172  
Commercial square feet | ft² 66     66  
Current Communities          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 78,078     78,078  
Initial Cost          
Land and Improvements $ 4,458,259     $ 4,458,259  
Building / Construction in Progress & Improvements 16,655,306     16,655,306  
Costs Subsequent to Acquisition / Construction 2,477,322     2,477,322  
Total Cost          
Land and Improvements 4,458,259     4,458,259  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 19,132,628     19,132,628  
Total 23,590,887     23,590,887  
Accumulated Depreciation 6,767,356     6,767,356  
Total real estate, net 16,823,531 16,812,971   16,823,531  
Encumbrances $ 727,827     $ 727,827  
Current Communities | Avalon at Lexington          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 198     198  
Initial Cost          
Land and Improvements $ 2,124     $ 2,124  
Building / Construction in Progress & Improvements 12,567     12,567  
Costs Subsequent to Acquisition / Construction 13,708     13,708  
Total Cost          
Land and Improvements 2,124     2,124  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 26,275     26,275  
Total 28,399     28,399  
Accumulated Depreciation 19,813     19,813  
Total real estate, net 8,586 9,564   8,586  
Encumbrances $ 0     $ 0  
Current Communities | eaves Wilmington          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 204     204  
Initial Cost          
Land and Improvements $ 2,129     $ 2,129  
Building / Construction in Progress & Improvements 17,567     17,567  
Costs Subsequent to Acquisition / Construction 9,371     9,371  
Total Cost          
Land and Improvements 2,129     2,129  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 26,938     26,938  
Total 29,067     29,067  
Accumulated Depreciation 19,107     19,107  
Total real estate, net 9,960 9,720   9,960  
Encumbrances $ 0     $ 0  
Current Communities | eaves Quincy          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 245     245  
Initial Cost          
Land and Improvements $ 1,743     $ 1,743  
Building / Construction in Progress & Improvements 14,662     14,662  
Costs Subsequent to Acquisition / Construction 15,448     15,448  
Total Cost          
Land and Improvements 1,743     1,743  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 30,110     30,110  
Total 31,853     31,853  
Accumulated Depreciation 20,526     20,526  
Total real estate, net 11,327 11,181   11,327  
Encumbrances $ 0     $ 0  
Current Communities | eaves Wilmington West          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 120     120  
Initial Cost          
Land and Improvements $ 3,318     $ 3,318  
Building / Construction in Progress & Improvements 13,465     13,465  
Costs Subsequent to Acquisition / Construction 4,205     4,205  
Total Cost          
Land and Improvements 3,318     3,318  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 17,670     17,670  
Total 20,988     20,988  
Accumulated Depreciation 11,628     11,628  
Total real estate, net 9,360 8,988   9,360  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Newton Highlands          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 294     294  
Initial Cost          
Land and Improvements $ 10,905     $ 10,905  
Building / Construction in Progress & Improvements 45,547     45,547  
Costs Subsequent to Acquisition / Construction 19,283     19,283  
Total Cost          
Land and Improvements 10,905     10,905  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 64,830     64,830  
Total 75,735     75,735  
Accumulated Depreciation 39,376     39,376  
Total real estate, net 36,359 38,287   36,359  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at The Pinehills          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 192     192  
Initial Cost          
Land and Improvements $ 6,876     $ 6,876  
Building / Construction in Progress & Improvements 30,401     30,401  
Costs Subsequent to Acquisition / Construction 7,869     7,869  
Total Cost          
Land and Improvements 6,876     6,876  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 38,270     38,270  
Total 45,146     45,146  
Accumulated Depreciation 19,314     19,314  
Total real estate, net 25,832 26,023   25,832  
Encumbrances $ 0     $ 0  
Current Communities | eaves Peabody          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 286     286  
Initial Cost          
Land and Improvements $ 4,645     $ 4,645  
Building / Construction in Progress & Improvements 18,919     18,919  
Costs Subsequent to Acquisition / Construction 16,784     16,784  
Total Cost          
Land and Improvements 4,645     4,645  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 35,703     35,703  
Total 40,348     40,348  
Accumulated Depreciation 20,622     20,622  
Total real estate, net 19,726 20,810   19,726  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Bedford Center          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 139     139  
Initial Cost          
Land and Improvements $ 4,258     $ 4,258  
Building / Construction in Progress & Improvements 20,551     20,551  
Costs Subsequent to Acquisition / Construction 5,801     5,801  
Total Cost          
Land and Improvements 4,258     4,258  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 26,352     26,352  
Total 30,610     30,610  
Accumulated Depreciation 15,691     15,691  
Total real estate, net 14,919 16,252   14,919  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Chestnut Hill          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 204     204  
Initial Cost          
Land and Improvements $ 14,572     $ 14,572  
Building / Construction in Progress & Improvements 45,911     45,911  
Costs Subsequent to Acquisition / Construction 14,656     14,656  
Total Cost          
Land and Improvements 14,572     14,572  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 60,567     60,567  
Total 75,139     75,139  
Accumulated Depreciation 31,634     31,634  
Total real estate, net 43,505 45,222   43,505  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Lexington Hills          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 387     387  
Initial Cost          
Land and Improvements $ 8,691     $ 8,691  
Building / Construction in Progress & Improvements 79,121     79,121  
Costs Subsequent to Acquisition / Construction 16,687     16,687  
Total Cost          
Land and Improvements 8,691     8,691  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 95,808     95,808  
Total 104,499     104,499  
Accumulated Depreciation 51,042     51,042  
Total real estate, net 53,457 56,981   53,457  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Acton          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 380     380  
Initial Cost          
Land and Improvements $ 13,124     $ 13,124  
Building / Construction in Progress & Improvements 48,695     48,695  
Costs Subsequent to Acquisition / Construction 12,018     12,018  
Total Cost          
Land and Improvements 13,124     13,124  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 60,713     60,713  
Total 73,837     73,837  
Accumulated Depreciation 29,368     29,368  
Total real estate, net 44,469 44,717   44,469  
Encumbrances $ 45,000     $ 45,000  
Current Communities | Avalon at the Hingham Shipyard          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 235     235  
Initial Cost          
Land and Improvements $ 12,218     $ 12,218  
Building / Construction in Progress & Improvements 41,656     41,656  
Costs Subsequent to Acquisition / Construction 12,965     12,965  
Total Cost          
Land and Improvements 12,218     12,218  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 54,621     54,621  
Total 66,839     66,839  
Accumulated Depreciation 27,814     27,814  
Total real estate, net 39,025 40,759   39,025  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Northborough          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 382     382  
Initial Cost          
Land and Improvements $ 8,144     $ 8,144  
Building / Construction in Progress & Improvements 52,184     52,184  
Costs Subsequent to Acquisition / Construction 7,708     7,708  
Total Cost          
Land and Improvements 8,144     8,144  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 59,892     59,892  
Total 68,036     68,036  
Accumulated Depreciation 26,933     26,933  
Total real estate, net 41,103 42,842   41,103  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Exeter          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 187     187  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 110,028     110,028  
Costs Subsequent to Acquisition / Construction 2,050     2,050  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 112,078     112,078  
Total 112,078     112,078  
Accumulated Depreciation 33,238     33,238  
Total real estate, net 78,840 81,553   78,840  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Natick          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 407     407  
Initial Cost          
Land and Improvements $ 15,645     $ 15,645  
Building / Construction in Progress & Improvements 64,845     64,845  
Costs Subsequent to Acquisition / Construction 3,720     3,720  
Total Cost          
Land and Improvements 15,645     15,645  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 68,565     68,565  
Total 84,210     84,210  
Accumulated Depreciation 22,527     22,527  
Total real estate, net 61,683 63,017   61,683  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Assembly Row          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 195     195  
Initial Cost          
Land and Improvements $ 8,599     $ 8,599  
Building / Construction in Progress & Improvements 52,454     52,454  
Costs Subsequent to Acquisition / Construction 6,316     6,316  
Total Cost          
Land and Improvements 8,599     8,599  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 58,770     58,770  
Total 67,369     67,369  
Accumulated Depreciation 19,228     19,228  
Total real estate, net 48,141 47,574   48,141  
Encumbrances $ 0     $ 0  
Current Communities | AVA Somerville          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 250     250  
Initial Cost          
Land and Improvements $ 10,944     $ 10,944  
Building / Construction in Progress & Improvements 56,460     56,460  
Costs Subsequent to Acquisition / Construction 5,221     5,221  
Total Cost          
Land and Improvements 10,944     10,944  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 61,681     61,681  
Total 72,625     72,625  
Accumulated Depreciation 18,840     18,840  
Total real estate, net 53,785 53,751   53,785  
Encumbrances $ 0     $ 0  
Current Communities | AVA Back Bay          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 271     271  
Initial Cost          
Land and Improvements $ 9,034     $ 9,034  
Building / Construction in Progress & Improvements 36,540     36,540  
Costs Subsequent to Acquisition / Construction 52,612     52,612  
Total Cost          
Land and Improvements 9,034     9,034  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 89,152     89,152  
Total 98,186     98,186  
Accumulated Depreciation 49,993     49,993  
Total real estate, net 48,193 51,041   48,193  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Prudential Center II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 266     266  
Initial Cost          
Land and Improvements $ 8,776     $ 8,776  
Building / Construction in Progress & Improvements 35,496     35,496  
Costs Subsequent to Acquisition / Construction 65,456     65,456  
Total Cost          
Land and Improvements 8,776     8,776  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 100,952     100,952  
Total 109,728     109,728  
Accumulated Depreciation 50,846     50,846  
Total real estate, net 58,882 62,442   58,882  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Prudential Center I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 243     243  
Initial Cost          
Land and Improvements $ 8,002     $ 8,002  
Building / Construction in Progress & Improvements 32,370     32,370  
Costs Subsequent to Acquisition / Construction 57,257     57,257  
Total Cost          
Land and Improvements 8,002     8,002  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 89,627     89,627  
Total 97,629     97,629  
Accumulated Depreciation 44,234     44,234  
Total real estate, net 53,395 55,942   53,395  
Encumbrances $ 0     $ 0  
Current Communities | eaves Burlington          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 203     203  
Initial Cost          
Land and Improvements $ 7,714     $ 7,714  
Building / Construction in Progress & Improvements 32,499     32,499  
Costs Subsequent to Acquisition / Construction 9,516     9,516  
Total Cost          
Land and Improvements 7,714     7,714  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 42,015     42,015  
Total 49,729     49,729  
Accumulated Depreciation 14,724     14,724  
Total real estate, net 35,005 35,866   35,005  
Encumbrances $ 0     $ 0  
Current Communities | AVA Theater District          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 398     398  
Initial Cost          
Land and Improvements $ 17,072     $ 17,072  
Building / Construction in Progress & Improvements 163,633     163,633  
Costs Subsequent to Acquisition / Construction 769     769  
Total Cost          
Land and Improvements 17,072     17,072  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 164,402     164,402  
Total 181,474     181,474  
Accumulated Depreciation 42,329     42,329  
Total real estate, net 139,145 144,600   139,145  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Burlington          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 312     312  
Initial Cost          
Land and Improvements $ 15,600     $ 15,600  
Building / Construction in Progress & Improvements 60,649     60,649  
Costs Subsequent to Acquisition / Construction 18,843     18,843  
Total Cost          
Land and Improvements 15,600     15,600  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 79,492     79,492  
Total 95,092     95,092  
Accumulated Depreciation 27,563     27,563  
Total real estate, net 67,529 69,047   67,529  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Marlborough          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 350     350  
Initial Cost          
Land and Improvements $ 15,367     $ 15,367  
Building / Construction in Progress & Improvements 60,397     60,397  
Costs Subsequent to Acquisition / Construction 1,870     1,870  
Total Cost          
Land and Improvements 15,367     15,367  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 62,267     62,267  
Total 77,634     77,634  
Accumulated Depreciation 16,696     16,696  
Total real estate, net 60,938 62,726   60,938  
Encumbrances $ 0     $ 0  
Current Communities | Avalon North Station          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 503     503  
Initial Cost          
Land and Improvements $ 22,796     $ 22,796  
Building / Construction in Progress & Improvements 247,270     247,270  
Costs Subsequent to Acquisition / Construction 785     785  
Total Cost          
Land and Improvements 22,796     22,796  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 248,055     248,055  
Total 270,851     270,851  
Accumulated Depreciation 49,582     49,582  
Total real estate, net 221,269 229,955   221,269  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Framingham          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 180     180  
Initial Cost          
Land and Improvements $ 9,315     $ 9,315  
Building / Construction in Progress & Improvements 34,631     34,631  
Costs Subsequent to Acquisition / Construction 494     494  
Total Cost          
Land and Improvements 9,315     9,315  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 35,125     35,125  
Total 44,440     44,440  
Accumulated Depreciation 9,092     9,092  
Total real estate, net 35,348 36,361   35,348  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Quincy          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 395     395  
Initial Cost          
Land and Improvements $ 14,694     $ 14,694  
Building / Construction in Progress & Improvements 79,655     79,655  
Costs Subsequent to Acquisition / Construction 324     324  
Total Cost          
Land and Improvements 14,694     14,694  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 79,979     79,979  
Total 94,673     94,673  
Accumulated Depreciation 17,566     17,566  
Total real estate, net 77,107 79,785   77,107  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Easton          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 290     290  
Initial Cost          
Land and Improvements $ 3,170     $ 3,170  
Building / Construction in Progress & Improvements 60,837     60,837  
Costs Subsequent to Acquisition / Construction 451     451  
Total Cost          
Land and Improvements 3,170     3,170  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 61,288     61,288  
Total 64,458     64,458  
Accumulated Depreciation 12,768     12,768  
Total real estate, net 51,690 53,845   51,690  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at the Hingham Shipyard II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 190     190  
Initial Cost          
Land and Improvements $ 8,998     $ 8,998  
Building / Construction in Progress & Improvements 55,366     55,366  
Costs Subsequent to Acquisition / Construction 79     79  
Total Cost          
Land and Improvements 8,998     8,998  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 55,445     55,445  
Total 64,443     64,443  
Accumulated Depreciation 9,027     9,027  
Total real estate, net 55,416 57,623   55,416  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Sudbury          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 250     250  
Initial Cost          
Land and Improvements $ 20,266     $ 20,266  
Building / Construction in Progress & Improvements 66,555     66,555  
Costs Subsequent to Acquisition / Construction 89     89  
Total Cost          
Land and Improvements 20,266     20,266  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 66,644     66,644  
Total 86,910     86,910  
Accumulated Depreciation 11,418     11,418  
Total real estate, net 75,492 78,216   75,492  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Saugus          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 280     280  
Initial Cost          
Land and Improvements $ 17,809     $ 17,809  
Building / Construction in Progress & Improvements 72,553     72,553  
Costs Subsequent to Acquisition / Construction 1,376     1,376  
Total Cost          
Land and Improvements 17,809     17,809  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 73,929     73,929  
Total 91,738     91,738  
Accumulated Depreciation 10,248     10,248  
Total real estate, net 81,490 84,195   81,490  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Norwood          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 198     198  
Initial Cost          
Land and Improvements $ 9,475     $ 9,475  
Building / Construction in Progress & Improvements 51,351     51,351  
Costs Subsequent to Acquisition / Construction 962     962  
Total Cost          
Land and Improvements 9,475     9,475  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 52,313     52,313  
Total 61,788     61,788  
Accumulated Depreciation 6,625     6,625  
Total real estate, net 55,163 56,972   55,163  
Encumbrances $ 0     $ 0  
Current Communities | AVA North Point          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 265     265  
Initial Cost          
Land and Improvements $ 31,263     $ 31,263  
Building / Construction in Progress & Improvements 81,196     81,196  
Costs Subsequent to Acquisition / Construction 2,848     2,848  
Total Cost          
Land and Improvements 31,263     31,263  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 84,044     84,044  
Total 115,307     115,307  
Accumulated Depreciation 12,713     12,713  
Total real estate, net 102,594 105,833   102,594  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Bear Hill          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 324     324  
Initial Cost          
Land and Improvements $ 27,350     $ 27,350  
Building / Construction in Progress & Improvements 94,168     94,168  
Costs Subsequent to Acquisition / Construction 30,868     30,868  
Total Cost          
Land and Improvements 27,350     27,350  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 125,036     125,036  
Total 152,386     152,386  
Accumulated Depreciation 46,658     46,658  
Total real estate, net 105,728 109,409   105,728  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Wilton on River Rd          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 102     102  
Initial Cost          
Land and Improvements $ 2,116     $ 2,116  
Building / Construction in Progress & Improvements 14,664     14,664  
Costs Subsequent to Acquisition / Construction 7,649     7,649  
Total Cost          
Land and Improvements 2,116     2,116  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 22,313     22,313  
Total 24,429     24,429  
Accumulated Depreciation 16,472     16,472  
Total real estate, net 7,957 8,746   7,957  
Encumbrances $ 0     $ 0  
Current Communities | Avalon New Canaan          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 104     104  
Initial Cost          
Land and Improvements $ 4,834     $ 4,834  
Building / Construction in Progress & Improvements 22,990     22,990  
Costs Subsequent to Acquisition / Construction 6,952     6,952  
Total Cost          
Land and Improvements 4,834     4,834  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 29,942     29,942  
Total 34,776     34,776  
Accumulated Depreciation 19,200     19,200  
Total real estate, net 15,576 16,692   15,576  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Darien          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 189     189  
Initial Cost          
Land and Improvements $ 6,926     $ 6,926  
Building / Construction in Progress & Improvements 34,558     34,558  
Costs Subsequent to Acquisition / Construction 9,624     9,624  
Total Cost          
Land and Improvements 6,926     6,926  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 44,182     44,182  
Total 51,108     51,108  
Accumulated Depreciation 26,610     26,610  
Total real estate, net 24,498 26,151   24,498  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Riverview          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 372     372  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 94,061     94,061  
Costs Subsequent to Acquisition / Construction 14,584     14,584  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 108,645     108,645  
Total 108,645     108,645  
Accumulated Depreciation 75,664     75,664  
Total real estate, net 32,981 36,280   32,981  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Riverview North          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 602     602  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 165,932     165,932  
Costs Subsequent to Acquisition / Construction 16,997     16,997  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 182,929     182,929  
Total 182,929     182,929  
Accumulated Depreciation 91,705     91,705  
Total real estate, net 91,224 97,045   91,224  
Encumbrances $ 0     $ 0  
Current Communities | AVA Fort Greene          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 631     631  
Initial Cost          
Land and Improvements $ 83,038     $ 83,038  
Building / Construction in Progress & Improvements 216,802     216,802  
Costs Subsequent to Acquisition / Construction 10,031     10,031  
Total Cost          
Land and Improvements 83,038     83,038  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 226,833     226,833  
Total 309,871     309,871  
Accumulated Depreciation 97,515     97,515  
Total real estate, net 212,356 220,214   212,356  
Encumbrances $ 0     $ 0  
Current Communities | AVA DoBro          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 500     500  
Initial Cost          
Land and Improvements $ 76,127     $ 76,127  
Building / Construction in Progress & Improvements 206,762     206,762  
Costs Subsequent to Acquisition / Construction 816     816  
Total Cost          
Land and Improvements 76,127     76,127  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 207,578     207,578  
Total 283,705     283,705  
Accumulated Depreciation 49,757     49,757  
Total real estate, net 233,948 241,072   233,948  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Willoughby Square          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 326     326  
Initial Cost          
Land and Improvements $ 49,635     $ 49,635  
Building / Construction in Progress & Improvements 134,840     134,840  
Costs Subsequent to Acquisition / Construction 819     819  
Total Cost          
Land and Improvements 49,635     49,635  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 135,659     135,659  
Total 185,294     185,294  
Accumulated Depreciation 30,238     30,238  
Total real estate, net 155,056 159,575   155,056  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Brooklyn Bay          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 180     180  
Initial Cost          
Land and Improvements $ 9,690     $ 9,690  
Building / Construction in Progress & Improvements 84,361     84,361  
Costs Subsequent to Acquisition / Construction 404     404  
Total Cost          
Land and Improvements 9,690     9,690  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 84,765     84,765  
Total 94,455     94,455  
Accumulated Depreciation 16,975     16,975  
Total real estate, net 77,480 78,920   77,480  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Midtown West          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 550     550  
Initial Cost          
Land and Improvements $ 154,730     $ 154,730  
Building / Construction in Progress & Improvements 180,253     180,253  
Costs Subsequent to Acquisition / Construction 50,299     50,299  
Total Cost          
Land and Improvements 154,730     154,730  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 230,552     230,552  
Total 385,282     385,282  
Accumulated Depreciation 78,965     78,965  
Total real estate, net 306,317 312,785   306,317  
Encumbrances $ 82,700     $ 82,700  
Current Communities | Avalon Clinton North          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 339     339  
Initial Cost          
Land and Improvements $ 84,069     $ 84,069  
Building / Construction in Progress & Improvements 105,821     105,821  
Costs Subsequent to Acquisition / Construction 15,771     15,771  
Total Cost          
Land and Improvements 84,069     84,069  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 121,592     121,592  
Total 205,661     205,661  
Accumulated Depreciation 43,663     43,663  
Total real estate, net 161,998 164,531   161,998  
Encumbrances $ 147,000     $ 147,000  
Current Communities | Avalon Clinton South          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 288     288  
Initial Cost          
Land and Improvements $ 71,421     $ 71,421  
Building / Construction in Progress & Improvements 89,851     89,851  
Costs Subsequent to Acquisition / Construction 9,113     9,113  
Total Cost          
Land and Improvements 71,421     71,421  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 98,964     98,964  
Total 170,385     170,385  
Accumulated Depreciation 36,848     36,848  
Total real estate, net 133,537 136,009   133,537  
Encumbrances $ 121,500     $ 121,500  
Current Communities | Avalon Commons          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 312     312  
Initial Cost          
Land and Improvements $ 4,679     $ 4,679  
Building / Construction in Progress & Improvements 28,259     28,259  
Costs Subsequent to Acquisition / Construction 13,299     13,299  
Total Cost          
Land and Improvements 4,679     4,679  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 41,558     41,558  
Total 46,237     46,237  
Accumulated Depreciation 29,974     29,974  
Total real estate, net 16,263 15,260   16,263  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Mamaroneck          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 229     229  
Initial Cost          
Land and Improvements $ 6,207     $ 6,207  
Building / Construction in Progress & Improvements 40,657     40,657  
Costs Subsequent to Acquisition / Construction 16,841     16,841  
Total Cost          
Land and Improvements 6,207     6,207  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 57,498     57,498  
Total 63,705     63,705  
Accumulated Depreciation 37,675     37,675  
Total real estate, net 26,030 27,632   26,030  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Melville          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 494     494  
Initial Cost          
Land and Improvements $ 9,228     $ 9,228  
Building / Construction in Progress & Improvements 50,063     50,063  
Costs Subsequent to Acquisition / Construction 23,616     23,616  
Total Cost          
Land and Improvements 9,228     9,228  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 73,679     73,679  
Total 82,907     82,907  
Accumulated Depreciation 51,555     51,555  
Total real estate, net 31,352 34,497   31,352  
Encumbrances $ 0     $ 0  
Current Communities | Avalon White Plains          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 407     407  
Initial Cost          
Land and Improvements $ 15,391     $ 15,391  
Building / Construction in Progress & Improvements 137,312     137,312  
Costs Subsequent to Acquisition / Construction 2,904     2,904  
Total Cost          
Land and Improvements 15,391     15,391  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 140,216     140,216  
Total 155,607     155,607  
Accumulated Depreciation 65,496     65,496  
Total real estate, net 90,111 94,611   90,111  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Rockville Centre I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 349     349  
Initial Cost          
Land and Improvements $ 32,212     $ 32,212  
Building / Construction in Progress & Improvements 78,806     78,806  
Costs Subsequent to Acquisition / Construction 6,946     6,946  
Total Cost          
Land and Improvements 32,212     32,212  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 85,752     85,752  
Total 117,964     117,964  
Accumulated Depreciation 34,923     34,923  
Total real estate, net 83,041 86,730   83,041  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Garden City          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 204     204  
Initial Cost          
Land and Improvements $ 18,205     $ 18,205  
Building / Construction in Progress & Improvements 49,326     49,326  
Costs Subsequent to Acquisition / Construction 1,580     1,580  
Total Cost          
Land and Improvements 18,205     18,205  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 50,906     50,906  
Total 69,111     69,111  
Accumulated Depreciation 18,420     18,420  
Total real estate, net 50,691 52,000   50,691  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Huntington Station          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 303     303  
Initial Cost          
Land and Improvements $ 21,899     $ 21,899  
Building / Construction in Progress & Improvements 58,437     58,437  
Costs Subsequent to Acquisition / Construction 1,556     1,556  
Total Cost          
Land and Improvements 21,899     21,899  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 59,993     59,993  
Total 81,892     81,892  
Accumulated Depreciation 17,615     17,615  
Total real estate, net 64,277 65,354   64,277  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Great Neck          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 191     191  
Initial Cost          
Land and Improvements $ 14,777     $ 14,777  
Building / Construction in Progress & Improvements 65,412     65,412  
Costs Subsequent to Acquisition / Construction 277     277  
Total Cost          
Land and Improvements 14,777     14,777  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 65,689     65,689  
Total 80,466     80,466  
Accumulated Depreciation 14,236     14,236  
Total real estate, net 66,230 68,486   66,230  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Rockville Centre II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 165     165  
Initial Cost          
Land and Improvements $ 7,534     $ 7,534  
Building / Construction in Progress & Improvements 50,981     50,981  
Costs Subsequent to Acquisition / Construction 11     11  
Total Cost          
Land and Improvements 7,534     7,534  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 50,992     50,992  
Total 58,526     58,526  
Accumulated Depreciation 10,767     10,767  
Total real estate, net 47,759 49,801   47,759  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Somers          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 152     152  
Initial Cost          
Land and Improvements $ 5,608     $ 5,608  
Building / Construction in Progress & Improvements 40,591     40,591  
Costs Subsequent to Acquisition / Construction 24     24  
Total Cost          
Land and Improvements 5,608     5,608  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 40,615     40,615  
Total 46,223     46,223  
Accumulated Depreciation 8,330     8,330  
Total real estate, net 37,893 39,446   37,893  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Westbury          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 396     396  
Initial Cost          
Land and Improvements $ 69,620     $ 69,620  
Building / Construction in Progress & Improvements 43,781     43,781  
Costs Subsequent to Acquisition / Construction 16,049     16,049  
Total Cost          
Land and Improvements 69,620     69,620  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 59,830     59,830  
Total 129,450     129,450  
Accumulated Depreciation 28,891     28,891  
Total real estate, net 100,559 102,119   100,559  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Cove          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 504     504  
Initial Cost          
Land and Improvements $ 8,760     $ 8,760  
Building / Construction in Progress & Improvements 82,422     82,422  
Costs Subsequent to Acquisition / Construction 32,555     32,555  
Total Cost          
Land and Improvements 8,760     8,760  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 114,977     114,977  
Total 123,737     123,737  
Accumulated Depreciation 86,719     86,719  
Total real estate, net 37,018 40,964   37,018  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Edgewater I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 168     168  
Initial Cost          
Land and Improvements $ 5,982     $ 5,982  
Building / Construction in Progress & Improvements 24,389     24,389  
Costs Subsequent to Acquisition / Construction 10,833     10,833  
Total Cost          
Land and Improvements 5,982     5,982  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 35,222     35,222  
Total 41,204     41,204  
Accumulated Depreciation 22,656     22,656  
Total real estate, net 18,548 18,802   18,548  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Florham Park          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 270     270  
Initial Cost          
Land and Improvements $ 6,647     $ 6,647  
Building / Construction in Progress & Improvements 34,906     34,906  
Costs Subsequent to Acquisition / Construction 17,531     17,531  
Total Cost          
Land and Improvements 6,647     6,647  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 52,437     52,437  
Total 59,084     59,084  
Accumulated Depreciation 34,143     34,143  
Total real estate, net 24,941 26,719   24,941  
Encumbrances $ 0     $ 0  
Current Communities | Avalon North Bergen          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 164     164  
Initial Cost          
Land and Improvements $ 8,984     $ 8,984  
Building / Construction in Progress & Improvements 30,994     30,994  
Costs Subsequent to Acquisition / Construction 1,365     1,365  
Total Cost          
Land and Improvements 8,984     8,984  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 32,359     32,359  
Total 41,343     41,343  
Accumulated Depreciation 11,979     11,979  
Total real estate, net 29,364 30,250   29,364  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Wesmont Station I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 266     266  
Initial Cost          
Land and Improvements $ 14,682     $ 14,682  
Building / Construction in Progress & Improvements 41,610     41,610  
Costs Subsequent to Acquisition / Construction 3,490     3,490  
Total Cost          
Land and Improvements 14,682     14,682  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 45,100     45,100  
Total 59,782     59,782  
Accumulated Depreciation 16,711     16,711  
Total real estate, net 43,071 44,232   43,071  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Hackensack at Riverside          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 226     226  
Initial Cost          
Land and Improvements $ 9,939     $ 9,939  
Building / Construction in Progress & Improvements 44,619     44,619  
Costs Subsequent to Acquisition / Construction 2,177     2,177  
Total Cost          
Land and Improvements 9,939     9,939  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 46,796     46,796  
Total 56,735     56,735  
Accumulated Depreciation 15,566     15,566  
Total real estate, net 41,169 42,403   41,169  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Wesmont Station II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 140     140  
Initial Cost          
Land and Improvements $ 6,502     $ 6,502  
Building / Construction in Progress & Improvements 16,863     16,863  
Costs Subsequent to Acquisition / Construction 655     655  
Total Cost          
Land and Improvements 6,502     6,502  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 17,518     17,518  
Total 24,020     24,020  
Accumulated Depreciation 6,010     6,010  
Total real estate, net 18,010 18,486   18,010  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Bloomingdale          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 174     174  
Initial Cost          
Land and Improvements $ 3,006     $ 3,006  
Building / Construction in Progress & Improvements 27,801     27,801  
Costs Subsequent to Acquisition / Construction 861     861  
Total Cost          
Land and Improvements 3,006     3,006  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 28,662     28,662  
Total 31,668     31,668  
Accumulated Depreciation 9,144     9,144  
Total real estate, net 22,524 23,104   22,524  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Wharton          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 247     247  
Initial Cost          
Land and Improvements $ 2,273     $ 2,273  
Building / Construction in Progress & Improvements 48,609     48,609  
Costs Subsequent to Acquisition / Construction 1,612     1,612  
Total Cost          
Land and Improvements 2,273     2,273  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 50,221     50,221  
Total 52,494     52,494  
Accumulated Depreciation 14,115     14,115  
Total real estate, net 38,379 40,062   38,379  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Bloomfield Station          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 224     224  
Initial Cost          
Land and Improvements $ 10,701     $ 10,701  
Building / Construction in Progress & Improvements 36,430     36,430  
Costs Subsequent to Acquisition / Construction 1,042     1,042  
Total Cost          
Land and Improvements 10,701     10,701  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 37,472     37,472  
Total 48,173     48,173  
Accumulated Depreciation 9,991     9,991  
Total real estate, net 38,182 38,648   38,182  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Roseland          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 136     136  
Initial Cost          
Land and Improvements $ 11,288     $ 11,288  
Building / Construction in Progress & Improvements 34,868     34,868  
Costs Subsequent to Acquisition / Construction 589     589  
Total Cost          
Land and Improvements 11,288     11,288  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 35,457     35,457  
Total 46,745     46,745  
Accumulated Depreciation 9,517     9,517  
Total real estate, net 37,228 38,006   37,228  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Princeton          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 280     280  
Initial Cost          
Land and Improvements $ 26,461     $ 26,461  
Building / Construction in Progress & Improvements 68,003     68,003  
Costs Subsequent to Acquisition / Construction 864     864  
Total Cost          
Land and Improvements 26,461     26,461  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 68,867     68,867  
Total 95,328     95,328  
Accumulated Depreciation 15,585     15,585  
Total real estate, net 79,743 82,349   79,743  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Union          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 202     202  
Initial Cost          
Land and Improvements $ 11,695     $ 11,695  
Building / Construction in Progress & Improvements 36,315     36,315  
Costs Subsequent to Acquisition / Construction 687     687  
Total Cost          
Land and Improvements 11,695     11,695  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 37,002     37,002  
Total 48,697     48,697  
Accumulated Depreciation 9,146     9,146  
Total real estate, net 39,551 40,338   39,551  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Hoboken          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 217     217  
Initial Cost          
Land and Improvements $ 37,237     $ 37,237  
Building / Construction in Progress & Improvements 90,278     90,278  
Costs Subsequent to Acquisition / Construction 7,395     7,395  
Total Cost          
Land and Improvements 37,237     37,237  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 97,673     97,673  
Total 134,910     134,910  
Accumulated Depreciation 29,353     29,353  
Total real estate, net 105,557 108,658   105,557  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Maplewood          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 235     235  
Initial Cost          
Land and Improvements $ 15,179     $ 15,179  
Building / Construction in Progress & Improvements 49,425     49,425  
Costs Subsequent to Acquisition / Construction 2,159     2,159  
Total Cost          
Land and Improvements 15,179     15,179  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 51,584     51,584  
Total 66,763     66,763  
Accumulated Depreciation 11,097     11,097  
Total real estate, net 55,666 55,898   55,666  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Boonton          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 350     350  
Initial Cost          
Land and Improvements $ 3,595     $ 3,595  
Building / Construction in Progress & Improvements 89,407     89,407  
Costs Subsequent to Acquisition / Construction 866     866  
Total Cost          
Land and Improvements 3,595     3,595  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 90,273     90,273  
Total 93,868     93,868  
Accumulated Depreciation 12,349     12,349  
Total real estate, net 81,519 84,252   81,519  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Teaneck          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 248     248  
Initial Cost          
Land and Improvements $ 12,588     $ 12,588  
Building / Construction in Progress & Improvements 60,257     60,257  
Costs Subsequent to Acquisition / Construction 88     88  
Total Cost          
Land and Improvements 12,588     12,588  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 60,345     60,345  
Total 72,933     72,933  
Accumulated Depreciation 7,740     7,740  
Total real estate, net 65,193 67,328   65,193  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Piscataway          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 360     360  
Initial Cost          
Land and Improvements $ 14,329     $ 14,329  
Building / Construction in Progress & Improvements 75,897     75,897  
Costs Subsequent to Acquisition / Construction 524     524  
Total Cost          
Land and Improvements 14,329     14,329  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 76,421     76,421  
Total 90,750     90,750  
Accumulated Depreciation 12,333     12,333  
Total real estate, net 78,417 81,032   78,417  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Edgewater II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 240     240  
Initial Cost          
Land and Improvements $ 8,605     $ 8,605  
Building / Construction in Progress & Improvements 60,809     60,809  
Costs Subsequent to Acquisition / Construction 26     26  
Total Cost          
Land and Improvements 8,605     8,605  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 60,835     60,835  
Total 69,440     69,440  
Accumulated Depreciation 11,381     11,381  
Total real estate, net 58,059 60,633   58,059  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Foxhall          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 308     308  
Initial Cost          
Land and Improvements $ 6,848     $ 6,848  
Building / Construction in Progress & Improvements 27,614     27,614  
Costs Subsequent to Acquisition / Construction 21,757     21,757  
Total Cost          
Land and Improvements 6,848     6,848  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 49,371     49,371  
Total 56,219     56,219  
Accumulated Depreciation 40,677     40,677  
Total real estate, net 15,542 17,258   15,542  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Gallery Place          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 203     203  
Initial Cost          
Land and Improvements $ 8,800     $ 8,800  
Building / Construction in Progress & Improvements 39,658     39,658  
Costs Subsequent to Acquisition / Construction 5,500     5,500  
Total Cost          
Land and Improvements 8,800     8,800  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 45,158     45,158  
Total 53,958     53,958  
Accumulated Depreciation 29,435     29,435  
Total real estate, net 24,523 25,166   24,523  
Encumbrances $ 0     $ 0  
Current Communities | AVA H Street          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 138     138  
Initial Cost          
Land and Improvements $ 7,425     $ 7,425  
Building / Construction in Progress & Improvements 25,282     25,282  
Costs Subsequent to Acquisition / Construction 374     374  
Total Cost          
Land and Improvements 7,425     7,425  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 25,656     25,656  
Total 33,081     33,081  
Accumulated Depreciation 9,257     9,257  
Total real estate, net 23,824 24,488   23,824  
Encumbrances $ 0     $ 0  
Current Communities | Avalon The Albemarle          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 234     234  
Initial Cost          
Land and Improvements $ 25,140     $ 25,140  
Building / Construction in Progress & Improvements 52,459     52,459  
Costs Subsequent to Acquisition / Construction 10,411     10,411  
Total Cost          
Land and Improvements 25,140     25,140  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 62,870     62,870  
Total 88,010     88,010  
Accumulated Depreciation 25,295     25,295  
Total real estate, net 62,715 64,905   62,715  
Encumbrances $ 0     $ 0  
Current Communities | eaves Tunlaw Gardens          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 166     166  
Initial Cost          
Land and Improvements $ 16,430     $ 16,430  
Building / Construction in Progress & Improvements 22,902     22,902  
Costs Subsequent to Acquisition / Construction 2,892     2,892  
Total Cost          
Land and Improvements 16,430     16,430  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 25,794     25,794  
Total 42,224     42,224  
Accumulated Depreciation 10,181     10,181  
Total real estate, net 32,043 32,683   32,043  
Encumbrances $ 0     $ 0  
Current Communities | The Statesman          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 281     281  
Initial Cost          
Land and Improvements $ 38,140     $ 38,140  
Building / Construction in Progress & Improvements 35,352     35,352  
Costs Subsequent to Acquisition / Construction 6,708     6,708  
Total Cost          
Land and Improvements 38,140     38,140  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 42,060     42,060  
Total 80,200     80,200  
Accumulated Depreciation 17,375     17,375  
Total real estate, net 62,825 63,867   62,825  
Encumbrances $ 0     $ 0  
Current Communities | eaves Glover Park          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 120     120  
Initial Cost          
Land and Improvements $ 9,580     $ 9,580  
Building / Construction in Progress & Improvements 26,532     26,532  
Costs Subsequent to Acquisition / Construction 2,892     2,892  
Total Cost          
Land and Improvements 9,580     9,580  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 29,424     29,424  
Total 39,004     39,004  
Accumulated Depreciation 11,844     11,844  
Total real estate, net 27,160 28,110   27,160  
Encumbrances $ 0     $ 0  
Current Communities | AVA Van Ness          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 269     269  
Initial Cost          
Land and Improvements $ 22,890     $ 22,890  
Building / Construction in Progress & Improvements 58,691     58,691  
Costs Subsequent to Acquisition / Construction 24,387     24,387  
Total Cost          
Land and Improvements 22,890     22,890  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 83,078     83,078  
Total 105,968     105,968  
Accumulated Depreciation 27,780     27,780  
Total real estate, net 78,188 79,841   78,188  
Encumbrances $ 0     $ 0  
Current Communities | Avalon First and M          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 469     469  
Initial Cost          
Land and Improvements $ 43,700     $ 43,700  
Building / Construction in Progress & Improvements 153,950     153,950  
Costs Subsequent to Acquisition / Construction 5,314     5,314  
Total Cost          
Land and Improvements 43,700     43,700  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 159,264     159,264  
Total 202,964     202,964  
Accumulated Depreciation 55,755     55,755  
Total real estate, net 147,209 151,706   147,209  
Encumbrances $ 0     $ 0  
Current Communities | AVA NoMa          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 438     438  
Initial Cost          
Land and Improvements $ 25,246     $ 25,246  
Building / Construction in Progress & Improvements 114,933     114,933  
Costs Subsequent to Acquisition / Construction 977     977  
Total Cost          
Land and Improvements 25,246     25,246  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 115,910     115,910  
Total 141,156     141,156  
Accumulated Depreciation 26,627     26,627  
Total real estate, net 114,529 118,961   114,529  
Encumbrances $ 0     $ 0  
Current Communities | eaves Washingtonian Center          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 288     288  
Initial Cost          
Land and Improvements $ 4,047     $ 4,047  
Building / Construction in Progress & Improvements 18,553     18,553  
Costs Subsequent to Acquisition / Construction 6,810     6,810  
Total Cost          
Land and Improvements 4,047     4,047  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 25,363     25,363  
Total 29,410     29,410  
Accumulated Depreciation 20,343     20,343  
Total real estate, net 9,067 9,396   9,067  
Encumbrances $ 0     $ 0  
Current Communities | eaves Columbia Town Center          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 392     392  
Initial Cost          
Land and Improvements $ 8,802     $ 8,802  
Building / Construction in Progress & Improvements 35,536     35,536  
Costs Subsequent to Acquisition / Construction 14,625     14,625  
Total Cost          
Land and Improvements 8,802     8,802  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 50,161     50,161  
Total 58,963     58,963  
Accumulated Depreciation 29,768     29,768  
Total real estate, net 29,195 30,532   29,195  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Grosvenor Station          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 497     497  
Initial Cost          
Land and Improvements $ 29,159     $ 29,159  
Building / Construction in Progress & Improvements 52,993     52,993  
Costs Subsequent to Acquisition / Construction 8,558     8,558  
Total Cost          
Land and Improvements 29,159     29,159  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 61,551     61,551  
Total 90,710     90,710  
Accumulated Depreciation 38,821     38,821  
Total real estate, net 51,889 52,971   51,889  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Traville          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 520     520  
Initial Cost          
Land and Improvements $ 14,365     $ 14,365  
Building / Construction in Progress & Improvements 55,398     55,398  
Costs Subsequent to Acquisition / Construction 9,046     9,046  
Total Cost          
Land and Improvements 14,365     14,365  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 64,444     64,444  
Total 78,809     78,809  
Accumulated Depreciation 41,322     41,322  
Total real estate, net 37,487 39,119   37,487  
Encumbrances $ 0     $ 0  
Current Communities | AVA Wheaton          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 319     319  
Initial Cost          
Land and Improvements $ 6,494     $ 6,494  
Building / Construction in Progress & Improvements 69,027     69,027  
Costs Subsequent to Acquisition / Construction 227     227  
Total Cost          
Land and Improvements 6,494     6,494  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 69,254     69,254  
Total 75,748     75,748  
Accumulated Depreciation 14,527     14,527  
Total real estate, net 61,221 63,911   61,221  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Hunt Valley          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 332     332  
Initial Cost          
Land and Improvements $ 10,872     $ 10,872  
Building / Construction in Progress & Improvements 62,992     62,992  
Costs Subsequent to Acquisition / Construction 39     39  
Total Cost          
Land and Improvements 10,872     10,872  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 63,031     63,031  
Total 73,903     73,903  
Accumulated Depreciation 13,972     13,972  
Total real estate, net 59,931 62,309   59,931  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Laurel          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 344     344  
Initial Cost          
Land and Improvements $ 10,130     $ 10,130  
Building / Construction in Progress & Improvements 61,685     61,685  
Costs Subsequent to Acquisition / Construction 207     207  
Total Cost          
Land and Improvements 10,130     10,130  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 61,892     61,892  
Total 72,022     72,022  
Accumulated Depreciation 14,243     14,243  
Total real estate, net 57,779 59,940   57,779  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Fairway Hills - Meadows          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 192     192  
Initial Cost          
Land and Improvements $ 2,323     $ 2,323  
Building / Construction in Progress & Improvements 9,297     9,297  
Costs Subsequent to Acquisition / Construction 5,386     5,386  
Total Cost          
Land and Improvements 2,323     2,323  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 14,683     14,683  
Total 17,006     17,006  
Accumulated Depreciation 11,589     11,589  
Total real estate, net 5,417 5,685   5,417  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Fairway Hills - Woods          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 336     336  
Initial Cost          
Land and Improvements $ 3,958     $ 3,958  
Building / Construction in Progress & Improvements 15,839     15,839  
Costs Subsequent to Acquisition / Construction 14,680     14,680  
Total Cost          
Land and Improvements 3,958     3,958  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 30,519     30,519  
Total 34,477     34,477  
Accumulated Depreciation 20,158     20,158  
Total real estate, net 14,319 15,114   14,319  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Arundel Crossing II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 310     310  
Initial Cost          
Land and Improvements $ 12,208     $ 12,208  
Building / Construction in Progress & Improvements 69,888     69,888  
Costs Subsequent to Acquisition / Construction 2,901     2,901  
Total Cost          
Land and Improvements 12,208     12,208  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 72,789     72,789  
Total 84,997     84,997  
Accumulated Depreciation 15,728     15,728  
Total real estate, net 69,269 72,070   69,269  
Encumbrances $ 0     $ 0  
Current Communities | Kanso Silver Spring          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 151     151  
Initial Cost          
Land and Improvements $ 3,471     $ 3,471  
Building / Construction in Progress & Improvements 41,393     41,393  
Costs Subsequent to Acquisition / Construction 1,250     1,250  
Total Cost          
Land and Improvements 3,471     3,471  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 42,643     42,643  
Total 46,114     46,114  
Accumulated Depreciation 6,462     6,462  
Total real estate, net 39,652 41,143   39,652  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Russett          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 238     238  
Initial Cost          
Land and Improvements $ 10,200     $ 10,200  
Building / Construction in Progress & Improvements 47,524     47,524  
Costs Subsequent to Acquisition / Construction 5,965     5,965  
Total Cost          
Land and Improvements 10,200     10,200  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 53,489     53,489  
Total 63,689     63,689  
Accumulated Depreciation 20,802     20,802  
Total real estate, net 42,887 43,666   42,887  
Encumbrances $ 32,200     $ 32,200  
Current Communities | eaves Fair Lakes          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 420     420  
Initial Cost          
Land and Improvements $ 6,096     $ 6,096  
Building / Construction in Progress & Improvements 24,400     24,400  
Costs Subsequent to Acquisition / Construction 15,035     15,035  
Total Cost          
Land and Improvements 6,096     6,096  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 39,435     39,435  
Total 45,531     45,531  
Accumulated Depreciation 29,027     29,027  
Total real estate, net 16,504 17,084   16,504  
Encumbrances $ 0     $ 0  
Current Communities | eaves Fairfax City          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 141     141  
Initial Cost          
Land and Improvements $ 2,152     $ 2,152  
Building / Construction in Progress & Improvements 8,907     8,907  
Costs Subsequent to Acquisition / Construction 5,811     5,811  
Total Cost          
Land and Improvements 2,152     2,152  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 14,718     14,718  
Total 16,870     16,870  
Accumulated Depreciation 10,592     10,592  
Total real estate, net 6,278 6,680   6,278  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Tysons Corner          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 558     558  
Initial Cost          
Land and Improvements $ 13,851     $ 13,851  
Building / Construction in Progress & Improvements 43,397     43,397  
Costs Subsequent to Acquisition / Construction 16,719     16,719  
Total Cost          
Land and Improvements 13,851     13,851  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 60,116     60,116  
Total 73,967     73,967  
Accumulated Depreciation 43,585     43,585  
Total real estate, net 30,382 31,365   30,382  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Arlington Square          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 842     842  
Initial Cost          
Land and Improvements $ 22,041     $ 22,041  
Building / Construction in Progress & Improvements 90,296     90,296  
Costs Subsequent to Acquisition / Construction 35,080     35,080  
Total Cost          
Land and Improvements 22,041     22,041  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 125,376     125,376  
Total 147,417     147,417  
Accumulated Depreciation 75,700     75,700  
Total real estate, net 71,717 74,340   71,717  
Encumbrances $ 0     $ 0  
Current Communities | eaves Fairfax Towers          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 415     415  
Initial Cost          
Land and Improvements $ 17,889     $ 17,889  
Building / Construction in Progress & Improvements 74,727     74,727  
Costs Subsequent to Acquisition / Construction 16,575     16,575  
Total Cost          
Land and Improvements 17,889     17,889  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 91,302     91,302  
Total 109,191     109,191  
Accumulated Depreciation 35,709     35,709  
Total real estate, net 73,482 76,565   73,482  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Mosaic          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 531     531  
Initial Cost          
Land and Improvements $ 33,490     $ 33,490  
Building / Construction in Progress & Improvements 75,801     75,801  
Costs Subsequent to Acquisition / Construction 516     516  
Total Cost          
Land and Improvements 33,490     33,490  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 76,317     76,317  
Total 109,807     109,807  
Accumulated Depreciation 24,100     24,100  
Total real estate, net 85,707 88,179   85,707  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Potomac Yard          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 323     323  
Initial Cost          
Land and Improvements $ 24,225     $ 24,225  
Building / Construction in Progress & Improvements 81,982     81,982  
Costs Subsequent to Acquisition / Construction 3,975     3,975  
Total Cost          
Land and Improvements 24,225     24,225  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 85,957     85,957  
Total 110,182     110,182  
Accumulated Depreciation 25,344     25,344  
Total real estate, net 84,838 87,261   84,838  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Clarendon          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 300     300  
Initial Cost          
Land and Improvements $ 22,573     $ 22,573  
Building / Construction in Progress & Improvements 95,355     95,355  
Costs Subsequent to Acquisition / Construction 9,959     9,959  
Total Cost          
Land and Improvements 22,573     22,573  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 105,314     105,314  
Total 127,887     127,887  
Accumulated Depreciation 29,789     29,789  
Total real estate, net 98,098 102,526   98,098  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Columbia Pike          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 269     269  
Initial Cost          
Land and Improvements $ 18,830     $ 18,830  
Building / Construction in Progress & Improvements 82,427     82,427  
Costs Subsequent to Acquisition / Construction 4,777     4,777  
Total Cost          
Land and Improvements 18,830     18,830  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 87,204     87,204  
Total 106,034     106,034  
Accumulated Depreciation 23,252     23,252  
Total real estate, net 82,782 86,053   82,782  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Dunn Loring          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 440     440  
Initial Cost          
Land and Improvements $ 29,377     $ 29,377  
Building / Construction in Progress & Improvements 115,465     115,465  
Costs Subsequent to Acquisition / Construction 8,655     8,655  
Total Cost          
Land and Improvements 29,377     29,377  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 124,120     124,120  
Total 153,497     153,497  
Accumulated Depreciation 33,255     33,255  
Total real estate, net 120,242 124,939   120,242  
Encumbrances $ 0     $ 0  
Current Communities | eaves Tysons Corner          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 217     217  
Initial Cost          
Land and Improvements $ 16,030     $ 16,030  
Building / Construction in Progress & Improvements 45,420     45,420  
Costs Subsequent to Acquisition / Construction 4,024     4,024  
Total Cost          
Land and Improvements 16,030     16,030  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 49,444     49,444  
Total 65,474     65,474  
Accumulated Depreciation 20,623     20,623  
Total real estate, net 44,851 46,217   44,851  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Courthouse Place          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 564     564  
Initial Cost          
Land and Improvements $ 56,550     $ 56,550  
Building / Construction in Progress & Improvements 178,032     178,032  
Costs Subsequent to Acquisition / Construction 17,475     17,475  
Total Cost          
Land and Improvements 56,550     56,550  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 195,507     195,507  
Total 252,057     252,057  
Accumulated Depreciation 71,271     71,271  
Total real estate, net 180,786 186,212   180,786  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Arlington North          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 228     228  
Initial Cost          
Land and Improvements $ 21,600     $ 21,600  
Building / Construction in Progress & Improvements 59,076     59,076  
Costs Subsequent to Acquisition / Construction 6,492     6,492  
Total Cost          
Land and Improvements 21,600     21,600  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 65,568     65,568  
Total 87,168     87,168  
Accumulated Depreciation 21,703     21,703  
Total real estate, net 65,465 65,484   65,465  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Reston Landing          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 400     400  
Initial Cost          
Land and Improvements $ 26,710     $ 26,710  
Building / Construction in Progress & Improvements 83,084     83,084  
Costs Subsequent to Acquisition / Construction 14,387     14,387  
Total Cost          
Land and Improvements 26,710     26,710  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 97,471     97,471  
Total 124,181     124,181  
Accumulated Depreciation 39,455     39,455  
Total real estate, net 84,726 86,367   84,726  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Falls Church          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 384     384  
Initial Cost          
Land and Improvements $ 39,544     $ 39,544  
Building / Construction in Progress & Improvements 66,160     66,160  
Costs Subsequent to Acquisition / Construction 203     203  
Total Cost          
Land and Improvements 39,544     39,544  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 66,363     66,363  
Total 105,907     105,907  
Accumulated Depreciation 18,127     18,127  
Total real estate, net 87,780 90,052   87,780  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Denver West          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 252     252  
Initial Cost          
Land and Improvements $ 8,047     $ 8,047  
Building / Construction in Progress & Improvements 67,861     67,861  
Costs Subsequent to Acquisition / Construction 2,972     2,972  
Total Cost          
Land and Improvements 8,047     8,047  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 70,833     70,833  
Total 78,880     78,880  
Accumulated Depreciation 17,028     17,028  
Total real estate, net 61,852 63,993   61,852  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Meadows at Castle Rock          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 240     240  
Initial Cost          
Land and Improvements $ 8,527     $ 8,527  
Building / Construction in Progress & Improvements 64,565     64,565  
Costs Subsequent to Acquisition / Construction 1,451     1,451  
Total Cost          
Land and Improvements 8,527     8,527  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 66,016     66,016  
Total 74,543     74,543  
Accumulated Depreciation 13,302     13,302  
Total real estate, net 61,241 63,941   61,241  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Red Rocks          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 256     256  
Initial Cost          
Land and Improvements $ 4,461     $ 4,461  
Building / Construction in Progress & Improvements 70,103     70,103  
Costs Subsequent to Acquisition / Construction 1,599     1,599  
Total Cost          
Land and Improvements 4,461     4,461  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 71,702     71,702  
Total 76,163     76,163  
Accumulated Depreciation 14,852     14,852  
Total real estate, net 61,311 64,531   61,311  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Southlands          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 338     338  
Initial Cost          
Land and Improvements $ 5,101     $ 5,101  
Building / Construction in Progress & Improvements 85,184     85,184  
Costs Subsequent to Acquisition / Construction 1,814     1,814  
Total Cost          
Land and Improvements 5,101     5,101  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 86,998     86,998  
Total 92,099     92,099  
Accumulated Depreciation 16,797     16,797  
Total real estate, net 75,302 79,189   75,302  
Encumbrances $ 0     $ 0  
Current Communities | Avalon 850 Boca          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 370     370  
Initial Cost          
Land and Improvements $ 21,430     $ 21,430  
Building / Construction in Progress & Improvements 114,626     114,626  
Costs Subsequent to Acquisition / Construction 5,039     5,039  
Total Cost          
Land and Improvements 21,430     21,430  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 119,665     119,665  
Total 141,095     141,095  
Accumulated Depreciation 27,326     27,326  
Total real estate, net 113,769 117,970   113,769  
Encumbrances $ 0     $ 0  
Current Communities | Avalon West Palm Beach          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 290     290  
Initial Cost          
Land and Improvements $ 9,597     $ 9,597  
Building / Construction in Progress & Improvements 91,411     91,411  
Costs Subsequent to Acquisition / Construction 4,854     4,854  
Total Cost          
Land and Improvements 9,597     9,597  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 96,265     96,265  
Total 105,862     105,862  
Accumulated Depreciation 18,698     18,698  
Total real estate, net 87,164 89,736   87,164  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Bonterra          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 314     314  
Initial Cost          
Land and Improvements $ 16,655     $ 16,655  
Building / Construction in Progress & Improvements 71,180     71,180  
Costs Subsequent to Acquisition / Construction 3,148     3,148  
Total Cost          
Land and Improvements 16,655     16,655  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 74,328     74,328  
Total 90,983     90,983  
Accumulated Depreciation 14,219     14,219  
Total real estate, net 76,764 79,585   76,764  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Toscana          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 240     240  
Initial Cost          
Land and Improvements $ 9,213     $ 9,213  
Building / Construction in Progress & Improvements 49,936     49,936  
Costs Subsequent to Acquisition / Construction 1,734     1,734  
Total Cost          
Land and Improvements 9,213     9,213  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 51,670     51,670  
Total 60,883     60,883  
Accumulated Depreciation 8,283     8,283  
Total real estate, net 52,600 54,704   52,600  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Bear Creek          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 264     264  
Initial Cost          
Land and Improvements $ 6,786     $ 6,786  
Building / Construction in Progress & Improvements 27,641     27,641  
Costs Subsequent to Acquisition / Construction 7,995     7,995  
Total Cost          
Land and Improvements 6,786     6,786  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 35,636     35,636  
Total 42,422     42,422  
Accumulated Depreciation 27,864     27,864  
Total real estate, net 14,558 14,551   14,558  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Bellevue          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 201     201  
Initial Cost          
Land and Improvements $ 6,664     $ 6,664  
Building / Construction in Progress & Improvements 24,119     24,119  
Costs Subsequent to Acquisition / Construction 6,067     6,067  
Total Cost          
Land and Improvements 6,664     6,664  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 30,186     30,186  
Total 36,850     36,850  
Accumulated Depreciation 20,798     20,798  
Total real estate, net 16,052 15,632   16,052  
Encumbrances $ 0     $ 0  
Current Communities | Avalon RockMeadow          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 206     206  
Initial Cost          
Land and Improvements $ 4,777     $ 4,777  
Building / Construction in Progress & Improvements 19,765     19,765  
Costs Subsequent to Acquisition / Construction 4,303     4,303  
Total Cost          
Land and Improvements 4,777     4,777  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 24,068     24,068  
Total 28,845     28,845  
Accumulated Depreciation 18,337     18,337  
Total real estate, net 10,508 11,136   10,508  
Encumbrances $ 0     $ 0  
Current Communities | Avalon ParcSquare          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 124     124  
Initial Cost          
Land and Improvements $ 3,789     $ 3,789  
Building / Construction in Progress & Improvements 15,139     15,139  
Costs Subsequent to Acquisition / Construction 4,594     4,594  
Total Cost          
Land and Improvements 3,789     3,789  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 19,733     19,733  
Total 23,522     23,522  
Accumulated Depreciation 14,549     14,549  
Total real estate, net 8,973 9,583   8,973  
Encumbrances $ 0     $ 0  
Current Communities | AVA Belltown          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 100     100  
Initial Cost          
Land and Improvements $ 5,644     $ 5,644  
Building / Construction in Progress & Improvements 12,733     12,733  
Costs Subsequent to Acquisition / Construction 2,391     2,391  
Total Cost          
Land and Improvements 5,644     5,644  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 15,124     15,124  
Total 20,768     20,768  
Accumulated Depreciation 10,579     10,579  
Total real estate, net 10,189 10,404   10,189  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Meydenbauer          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 368     368  
Initial Cost          
Land and Improvements $ 12,697     $ 12,697  
Building / Construction in Progress & Improvements 77,450     77,450  
Costs Subsequent to Acquisition / Construction 6,212     6,212  
Total Cost          
Land and Improvements 12,697     12,697  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 83,662     83,662  
Total 96,359     96,359  
Accumulated Depreciation 41,596     41,596  
Total real estate, net 54,763 57,075   54,763  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Towers Bellevue          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 397     397  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 123,029     123,029  
Costs Subsequent to Acquisition / Construction 4,803     4,803  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 127,832     127,832  
Total 127,832     127,832  
Accumulated Depreciation 53,615     53,615  
Total real estate, net 74,217 76,311   74,217  
Encumbrances $ 0     $ 0  
Current Communities | AVA Queen Anne          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 203     203  
Initial Cost          
Land and Improvements $ 12,081     $ 12,081  
Building / Construction in Progress & Improvements 41,618     41,618  
Costs Subsequent to Acquisition / Construction 1,607     1,607  
Total Cost          
Land and Improvements 12,081     12,081  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 43,225     43,225  
Total 55,306     55,306  
Accumulated Depreciation 16,605     16,605  
Total real estate, net 38,701 39,983   38,701  
Encumbrances $ 0     $ 0  
Current Communities | AVA Ballard          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 265     265  
Initial Cost          
Land and Improvements $ 16,460     $ 16,460  
Building / Construction in Progress & Improvements 46,926     46,926  
Costs Subsequent to Acquisition / Construction 1,983     1,983  
Total Cost          
Land and Improvements 16,460     16,460  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 48,909     48,909  
Total 65,369     65,369  
Accumulated Depreciation 17,124     17,124  
Total real estate, net 48,245 49,303   48,245  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Alderwood I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 367     367  
Initial Cost          
Land and Improvements $ 12,294     $ 12,294  
Building / Construction in Progress & Improvements 55,627     55,627  
Costs Subsequent to Acquisition / Construction 454     454  
Total Cost          
Land and Improvements 12,294     12,294  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 56,081     56,081  
Total 68,375     68,375  
Accumulated Depreciation 16,507     16,507  
Total real estate, net 51,868 53,350   51,868  
Encumbrances $ 0     $ 0  
Current Communities | AVA Capitol Hill          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 249     249  
Initial Cost          
Land and Improvements $ 20,613     $ 20,613  
Building / Construction in Progress & Improvements 59,986     59,986  
Costs Subsequent to Acquisition / Construction 1,276     1,276  
Total Cost          
Land and Improvements 20,613     20,613  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 61,262     61,262  
Total 81,875     81,875  
Accumulated Depreciation 16,068     16,068  
Total real estate, net 65,807 68,283   65,807  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Esterra Park          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 482     482  
Initial Cost          
Land and Improvements $ 23,178     $ 23,178  
Building / Construction in Progress & Improvements 112,986     112,986  
Costs Subsequent to Acquisition / Construction 1,391     1,391  
Total Cost          
Land and Improvements 23,178     23,178  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 114,377     114,377  
Total 137,555     137,555  
Accumulated Depreciation 26,241     26,241  
Total real estate, net 111,314 115,545   111,314  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Alderwood II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 124     124  
Initial Cost          
Land and Improvements $ 5,072     $ 5,072  
Building / Construction in Progress & Improvements 21,418     21,418  
Costs Subsequent to Acquisition / Construction 15     15  
Total Cost          
Land and Improvements 5,072     5,072  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 21,433     21,433  
Total 26,505     26,505  
Accumulated Depreciation 4,893     4,893  
Total real estate, net 21,612 22,369   21,612  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Newcastle Commons I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 378     378  
Initial Cost          
Land and Improvements $ 9,649     $ 9,649  
Building / Construction in Progress & Improvements 111,600     111,600  
Costs Subsequent to Acquisition / Construction 1,066     1,066  
Total Cost          
Land and Improvements 9,649     9,649  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 112,666     112,666  
Total 122,315     122,315  
Accumulated Depreciation 22,172     22,172  
Total real estate, net 100,143 105,073   100,143  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Belltown Towers          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 274     274  
Initial Cost          
Land and Improvements $ 24,638     $ 24,638  
Building / Construction in Progress & Improvements 121,064     121,064  
Costs Subsequent to Acquisition / Construction 1,339     1,339  
Total Cost          
Land and Improvements 24,638     24,638  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 122,403     122,403  
Total 147,041     147,041  
Accumulated Depreciation 16,634     16,634  
Total real estate, net 130,407 135,337   130,407  
Encumbrances $ 0     $ 0  
Current Communities | AVA Esterra Park          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 323     323  
Initial Cost          
Land and Improvements $ 16,405     $ 16,405  
Building / Construction in Progress & Improvements 74,569     74,569  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 16,405     16,405  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 74,569     74,569  
Total 90,974     90,974  
Accumulated Depreciation 11,226     11,226  
Total real estate, net 79,748 82,813   79,748  
Encumbrances $ 0     $ 0  
Current Communities | Avalon North Creek          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 316     316  
Initial Cost          
Land and Improvements $ 13,498     $ 13,498  
Building / Construction in Progress & Improvements 69,015     69,015  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 13,498     13,498  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 69,015     69,015  
Total 82,513     82,513  
Accumulated Depreciation 9,198     9,198  
Total real estate, net 73,315 76,043   73,315  
Encumbrances $ 0     $ 0  
Current Communities | Archstone Redmond Lakeview          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 166     166  
Initial Cost          
Land and Improvements $ 10,250     $ 10,250  
Building / Construction in Progress & Improvements 26,842     26,842  
Costs Subsequent to Acquisition / Construction 6,109     6,109  
Total Cost          
Land and Improvements 10,250     10,250  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 32,951     32,951  
Total 43,201     43,201  
Accumulated Depreciation 14,280     14,280  
Total real estate, net 28,921 29,631   28,921  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Campbell          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 348     348  
Initial Cost          
Land and Improvements $ 11,830     $ 11,830  
Building / Construction in Progress & Improvements 47,828     47,828  
Costs Subsequent to Acquisition / Construction 15,379     15,379  
Total Cost          
Land and Improvements 11,830     11,830  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 63,207     63,207  
Total 75,037     75,037  
Accumulated Depreciation 46,203     46,203  
Total real estate, net 28,834 30,593   28,834  
Encumbrances $ 0     $ 0  
Current Communities | eaves San Jose          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 442     442  
Initial Cost          
Land and Improvements $ 12,920     $ 12,920  
Building / Construction in Progress & Improvements 53,047     53,047  
Costs Subsequent to Acquisition / Construction 20,367     20,367  
Total Cost          
Land and Improvements 12,920     12,920  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 73,414     73,414  
Total 86,334     86,334  
Accumulated Depreciation 48,318     48,318  
Total real estate, net 38,016 40,169   38,016  
Encumbrances $ 0     $ 0  
Current Communities | Avalon on the Alameda          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 307     307  
Initial Cost          
Land and Improvements $ 6,119     $ 6,119  
Building / Construction in Progress & Improvements 50,225     50,225  
Costs Subsequent to Acquisition / Construction 14,587     14,587  
Total Cost          
Land and Improvements 6,119     6,119  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 64,812     64,812  
Total 70,931     70,931  
Accumulated Depreciation 46,548     46,548  
Total real estate, net 24,383 26,307   24,383  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Silicon Valley          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 712     712  
Initial Cost          
Land and Improvements $ 20,713     $ 20,713  
Building / Construction in Progress & Improvements 99,573     99,573  
Costs Subsequent to Acquisition / Construction 37,577     37,577  
Total Cost          
Land and Improvements 20,713     20,713  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 137,150     137,150  
Total 157,863     157,863  
Accumulated Depreciation 95,676     95,676  
Total real estate, net 62,187 66,031   62,187  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Mountain View          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 248     248  
Initial Cost          
Land and Improvements $ 9,755     $ 9,755  
Building / Construction in Progress & Improvements 39,393     39,393  
Costs Subsequent to Acquisition / Construction 13,083     13,083  
Total Cost          
Land and Improvements 9,755     9,755  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 52,476     52,476  
Total 62,231     62,231  
Accumulated Depreciation 39,678     39,678  
Total real estate, net 22,553 24,286   22,553  
Encumbrances $ 0     $ 0  
Current Communities | eaves Creekside          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 300     300  
Initial Cost          
Land and Improvements $ 6,546     $ 6,546  
Building / Construction in Progress & Improvements 26,263     26,263  
Costs Subsequent to Acquisition / Construction 22,915     22,915  
Total Cost          
Land and Improvements 6,546     6,546  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 49,178     49,178  
Total 55,724     55,724  
Accumulated Depreciation 34,129     34,129  
Total real estate, net 21,595 22,478   21,595  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Cahill Park          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 218     218  
Initial Cost          
Land and Improvements $ 4,765     $ 4,765  
Building / Construction in Progress & Improvements 47,600     47,600  
Costs Subsequent to Acquisition / Construction 4,739     4,739  
Total Cost          
Land and Improvements 4,765     4,765  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 52,339     52,339  
Total 57,104     57,104  
Accumulated Depreciation 35,510     35,510  
Total real estate, net 21,594 23,053   21,594  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Towers on the Peninsula          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 211     211  
Initial Cost          
Land and Improvements $ 9,560     $ 9,560  
Building / Construction in Progress & Improvements 56,136     56,136  
Costs Subsequent to Acquisition / Construction 15,096     15,096  
Total Cost          
Land and Improvements 9,560     9,560  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 71,232     71,232  
Total 80,792     80,792  
Accumulated Depreciation 44,274     44,274  
Total real estate, net 36,518 38,771   36,518  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Morrison Park          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 250     250  
Initial Cost          
Land and Improvements $ 13,837     $ 13,837  
Building / Construction in Progress & Improvements 64,534     64,534  
Costs Subsequent to Acquisition / Construction 1,340     1,340  
Total Cost          
Land and Improvements 13,837     13,837  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 65,874     65,874  
Total 79,711     79,711  
Accumulated Depreciation 20,483     20,483  
Total real estate, net 59,228 61,116   59,228  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Willow Glen          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 412     412  
Initial Cost          
Land and Improvements $ 46,060     $ 46,060  
Building / Construction in Progress & Improvements 81,957     81,957  
Costs Subsequent to Acquisition / Construction 7,952     7,952  
Total Cost          
Land and Improvements 46,060     46,060  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 89,909     89,909  
Total 135,969     135,969  
Accumulated Depreciation 37,524     37,524  
Total real estate, net 98,445 101,641   98,445  
Encumbrances $ 0     $ 0  
Current Communities | eaves West Valley          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 873     873  
Initial Cost          
Land and Improvements $ 90,890     $ 90,890  
Building / Construction in Progress & Improvements 132,040     132,040  
Costs Subsequent to Acquisition / Construction 15,865     15,865  
Total Cost          
Land and Improvements 90,890     90,890  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 147,905     147,905  
Total 238,795     238,795  
Accumulated Depreciation 59,562     59,562  
Total real estate, net 179,233 183,523   179,233  
Encumbrances $ 0     $ 0  
Current Communities | eaves Mountain View at Middlefield          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 402     402  
Initial Cost          
Land and Improvements $ 64,070     $ 64,070  
Building / Construction in Progress & Improvements 69,018     69,018  
Costs Subsequent to Acquisition / Construction 17,541     17,541  
Total Cost          
Land and Improvements 64,070     64,070  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 86,559     86,559  
Total 150,629     150,629  
Accumulated Depreciation 36,844     36,844  
Total real estate, net 113,785 116,475   113,785  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Fremont          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 308     308  
Initial Cost          
Land and Improvements $ 10,746     $ 10,746  
Building / Construction in Progress & Improvements 43,399     43,399  
Costs Subsequent to Acquisition / Construction 30,326     30,326  
Total Cost          
Land and Improvements 10,746     10,746  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 73,725     73,725  
Total 84,471     84,471  
Accumulated Depreciation 43,673     43,673  
Total real estate, net 40,798 33,802   40,798  
Encumbrances $ 0     $ 0  
Current Communities | eaves Dublin          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 204     204  
Initial Cost          
Land and Improvements $ 5,276     $ 5,276  
Building / Construction in Progress & Improvements 19,642     19,642  
Costs Subsequent to Acquisition / Construction 13,088     13,088  
Total Cost          
Land and Improvements 5,276     5,276  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 32,730     32,730  
Total 38,006     38,006  
Accumulated Depreciation 23,284     23,284  
Total real estate, net 14,722 15,563   14,722  
Encumbrances $ 0     $ 0  
Current Communities | Eaves Pleasanton          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 456     456  
Initial Cost          
Land and Improvements $ 11,610     $ 11,610  
Building / Construction in Progress & Improvements 46,552     46,552  
Costs Subsequent to Acquisition / Construction 46,070     46,070  
Total Cost          
Land and Improvements 11,610     11,610  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 92,622     92,622  
Total 104,232     104,232  
Accumulated Depreciation 51,888     51,888  
Total real estate, net 52,344 37,696   52,344  
Encumbrances $ 0     $ 0  
Current Communities | eaves Union City          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 208     208  
Initial Cost          
Land and Improvements $ 4,249     $ 4,249  
Building / Construction in Progress & Improvements 16,820     16,820  
Costs Subsequent to Acquisition / Construction 4,859     4,859  
Total Cost          
Land and Improvements 4,249     4,249  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 21,679     21,679  
Total 25,928     25,928  
Accumulated Depreciation 17,591     17,591  
Total real estate, net 8,337 8,726   8,337  
Encumbrances $ 0     $ 0  
Current Communities | eaves Fremont          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 237     237  
Initial Cost          
Land and Improvements $ 6,581     $ 6,581  
Building / Construction in Progress & Improvements 26,583     26,583  
Costs Subsequent to Acquisition / Construction 12,586     12,586  
Total Cost          
Land and Improvements 6,581     6,581  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 39,169     39,169  
Total 45,750     45,750  
Accumulated Depreciation 28,989     28,989  
Total real estate, net 16,761 16,920   16,761  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Union City          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 439     439  
Initial Cost          
Land and Improvements $ 14,732     $ 14,732  
Building / Construction in Progress & Improvements 104,024     104,024  
Costs Subsequent to Acquisition / Construction 5,892     5,892  
Total Cost          
Land and Improvements 14,732     14,732  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 109,916     109,916  
Total 124,648     124,648  
Accumulated Depreciation 49,355     49,355  
Total real estate, net 75,293 77,029   75,293  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Walnut Creek          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 422     422  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 148,846     148,846  
Costs Subsequent to Acquisition / Construction 6,230     6,230  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 155,076     155,076  
Total 155,076     155,076  
Accumulated Depreciation 66,021     66,021  
Total real estate, net 89,055 93,940   89,055  
Encumbrances $ 4,327     $ 4,327  
Current Communities | Avalon Dublin Station          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 253     253  
Initial Cost          
Land and Improvements $ 7,772     $ 7,772  
Building / Construction in Progress & Improvements 72,142     72,142  
Costs Subsequent to Acquisition / Construction 1,225     1,225  
Total Cost          
Land and Improvements 7,772     7,772  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 73,367     73,367  
Total 81,139     81,139  
Accumulated Depreciation 22,684     22,684  
Total real estate, net 58,455 60,905   58,455  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Dublin Station II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 252     252  
Initial Cost          
Land and Improvements $ 7,762     $ 7,762  
Building / Construction in Progress & Improvements 76,587     76,587  
Costs Subsequent to Acquisition / Construction 371     371  
Total Cost          
Land and Improvements 7,762     7,762  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 76,958     76,958  
Total 84,720     84,720  
Accumulated Depreciation 18,476     18,476  
Total real estate, net 66,244 68,997   66,244  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Public Market          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 289     289  
Initial Cost          
Land and Improvements $ 27,394     $ 27,394  
Building / Construction in Progress & Improvements 144,259     144,259  
Costs Subsequent to Acquisition / Construction 261     261  
Total Cost          
Land and Improvements 27,394     27,394  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 144,520     144,520  
Total 171,914     171,914  
Accumulated Depreciation 16,447     16,447  
Total real estate, net 155,467 160,339   155,467  
Encumbrances $ 0     $ 0  
Current Communities | eaves Walnut Creek          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 510     510  
Initial Cost          
Land and Improvements $ 30,320     $ 30,320  
Building / Construction in Progress & Improvements 82,375     82,375  
Costs Subsequent to Acquisition / Construction 18,035     18,035  
Total Cost          
Land and Improvements 30,320     30,320  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 100,410     100,410  
Total 130,730     130,730  
Accumulated Depreciation 37,901     37,901  
Total real estate, net 92,829 96,201   92,829  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Walnut Ridge I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 106     106  
Initial Cost          
Land and Improvements $ 9,860     $ 9,860  
Building / Construction in Progress & Improvements 19,850     19,850  
Costs Subsequent to Acquisition / Construction 5,941     5,941  
Total Cost          
Land and Improvements 9,860     9,860  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 25,791     25,791  
Total 35,651     35,651  
Accumulated Depreciation 9,603     9,603  
Total real estate, net 26,048 26,867   26,048  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Walnut Ridge II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 360     360  
Initial Cost          
Land and Improvements $ 27,190     $ 27,190  
Building / Construction in Progress & Improvements 57,041     57,041  
Costs Subsequent to Acquisition / Construction 13,967     13,967  
Total Cost          
Land and Improvements 27,190     27,190  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 71,008     71,008  
Total 98,198     98,198  
Accumulated Depreciation 27,572     27,572  
Total real estate, net 70,626 73,389   70,626  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Berkeley          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 94     94  
Initial Cost          
Land and Improvements $ 4,500     $ 4,500  
Building / Construction in Progress & Improvements 28,689     28,689  
Costs Subsequent to Acquisition / Construction 108     108  
Total Cost          
Land and Improvements 4,500     4,500  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 28,797     28,797  
Total 33,297     33,297  
Accumulated Depreciation 8,447     8,447  
Total real estate, net 24,850 25,777   24,850  
Encumbrances $ 0     $ 0  
Current Communities | eaves Daly City          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 195     195  
Initial Cost          
Land and Improvements $ 4,230     $ 4,230  
Building / Construction in Progress & Improvements 9,659     9,659  
Costs Subsequent to Acquisition / Construction 21,527     21,527  
Total Cost          
Land and Improvements 4,230     4,230  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 31,186     31,186  
Total 35,416     35,416  
Accumulated Depreciation 23,516     23,516  
Total real estate, net 11,900 12,630   11,900  
Encumbrances $ 0     $ 0  
Current Communities | AVA Nob Hill          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 185     185  
Initial Cost          
Land and Improvements $ 5,403     $ 5,403  
Building / Construction in Progress & Improvements 21,567     21,567  
Costs Subsequent to Acquisition / Construction 10,935     10,935  
Total Cost          
Land and Improvements 5,403     5,403  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 32,502     32,502  
Total 37,905     37,905  
Accumulated Depreciation 23,055     23,055  
Total real estate, net 14,850 15,386   14,850  
Encumbrances $ 0     $ 0  
Current Communities | eaves Foster City          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 288     288  
Initial Cost          
Land and Improvements $ 7,852     $ 7,852  
Building / Construction in Progress & Improvements 31,445     31,445  
Costs Subsequent to Acquisition / Construction 14,038     14,038  
Total Cost          
Land and Improvements 7,852     7,852  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 45,483     45,483  
Total 53,335     53,335  
Accumulated Depreciation 33,693     33,693  
Total real estate, net 19,642 20,622   19,642  
Encumbrances $ 0     $ 0  
Current Communities | eaves Pacifica          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 220     220  
Initial Cost          
Land and Improvements $ 6,125     $ 6,125  
Building / Construction in Progress & Improvements 24,796     24,796  
Costs Subsequent to Acquisition / Construction 5,082     5,082  
Total Cost          
Land and Improvements 6,125     6,125  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 29,878     29,878  
Total 36,003     36,003  
Accumulated Depreciation 24,258     24,258  
Total real estate, net 11,745 12,531   11,745  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Sunset Towers          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 243     243  
Initial Cost          
Land and Improvements $ 3,561     $ 3,561  
Building / Construction in Progress & Improvements 21,321     21,321  
Costs Subsequent to Acquisition / Construction 17,164     17,164  
Total Cost          
Land and Improvements 3,561     3,561  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 38,485     38,485  
Total 42,046     42,046  
Accumulated Depreciation 26,806     26,806  
Total real estate, net 15,240 16,386   15,240  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Mission Bay I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 250     250  
Initial Cost          
Land and Improvements $ 14,029     $ 14,029  
Building / Construction in Progress & Improvements 78,452     78,452  
Costs Subsequent to Acquisition / Construction 9,800     9,800  
Total Cost          
Land and Improvements 14,029     14,029  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 88,252     88,252  
Total 102,281     102,281  
Accumulated Depreciation 59,346     59,346  
Total real estate, net 42,935 46,148   42,935  
Encumbrances $ 0     $ 0  
Current Communities | Avalon at Mission Bay III          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 260     260  
Initial Cost          
Land and Improvements $ 28,687     $ 28,687  
Building / Construction in Progress & Improvements 119,156     119,156  
Costs Subsequent to Acquisition / Construction 1,334     1,334  
Total Cost          
Land and Improvements 28,687     28,687  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 120,490     120,490  
Total 149,177     149,177  
Accumulated Depreciation 55,040     55,040  
Total real estate, net 94,137 97,713   94,137  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Ocean Avenue          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 173     173  
Initial Cost          
Land and Improvements $ 5,544     $ 5,544  
Building / Construction in Progress & Improvements 50,906     50,906  
Costs Subsequent to Acquisition / Construction 2,852     2,852  
Total Cost          
Land and Improvements 5,544     5,544  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 53,758     53,758  
Total 59,302     59,302  
Accumulated Depreciation 19,969     19,969  
Total real estate, net 39,333 40,909   39,333  
Encumbrances $ 0     $ 0  
Current Communities | AVA 55 Ninth          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 273     273  
Initial Cost          
Land and Improvements $ 20,267     $ 20,267  
Building / Construction in Progress & Improvements 97,321     97,321  
Costs Subsequent to Acquisition / Construction 1,360     1,360  
Total Cost          
Land and Improvements 20,267     20,267  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 98,681     98,681  
Total 118,948     118,948  
Accumulated Depreciation 30,591     30,591  
Total real estate, net 88,357 91,559   88,357  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Hayes Valley          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 182     182  
Initial Cost          
Land and Improvements $ 12,595     $ 12,595  
Building / Construction in Progress & Improvements 81,228     81,228  
Costs Subsequent to Acquisition / Construction 737     737  
Total Cost          
Land and Improvements 12,595     12,595  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 81,965     81,965  
Total 94,560     94,560  
Accumulated Depreciation 22,429     22,429  
Total real estate, net 72,131 74,387   72,131  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Dogpatch          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 326     326  
Initial Cost          
Land and Improvements $ 23,523     $ 23,523  
Building / Construction in Progress & Improvements 180,698     180,698  
Costs Subsequent to Acquisition / Construction 317     317  
Total Cost          
Land and Improvements 23,523     23,523  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 181,015     181,015  
Total 204,538     204,538  
Accumulated Depreciation 34,164     34,164  
Total real estate, net 170,374 177,152   170,374  
Encumbrances $ 0     $ 0  
Current Communities | Avalon San Bruno I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 300     300  
Initial Cost          
Land and Improvements $ 40,780     $ 40,780  
Building / Construction in Progress & Improvements 68,684     68,684  
Costs Subsequent to Acquisition / Construction 8,152     8,152  
Total Cost          
Land and Improvements 40,780     40,780  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 76,836     76,836  
Total 117,616     117,616  
Accumulated Depreciation 30,967     30,967  
Total real estate, net 86,649 89,179   86,649  
Encumbrances $ 60,950     $ 60,950  
Current Communities | Avalon San Bruno II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 185     185  
Initial Cost          
Land and Improvements $ 23,787     $ 23,787  
Building / Construction in Progress & Improvements 44,934     44,934  
Costs Subsequent to Acquisition / Construction 3,513     3,513  
Total Cost          
Land and Improvements 23,787     23,787  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 48,447     48,447  
Total 72,234     72,234  
Accumulated Depreciation 17,488     17,488  
Total real estate, net 54,746 55,746   54,746  
Encumbrances $ 0     $ 0  
Current Communities | Avalon San Bruno III          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 187     187  
Initial Cost          
Land and Improvements $ 33,303     $ 33,303  
Building / Construction in Progress & Improvements 62,910     62,910  
Costs Subsequent to Acquisition / Construction 3,475     3,475  
Total Cost          
Land and Improvements 33,303     33,303  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 66,385     66,385  
Total 99,688     99,688  
Accumulated Depreciation 24,246     24,246  
Total real estate, net 75,442 77,528   75,442  
Encumbrances $ 51,000     $ 51,000  
Current Communities | AVA Burbank          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 750     750  
Initial Cost          
Land and Improvements $ 22,483     $ 22,483  
Building / Construction in Progress & Improvements 28,104     28,104  
Costs Subsequent to Acquisition / Construction 54,096     54,096  
Total Cost          
Land and Improvements 22,483     22,483  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 82,200     82,200  
Total 104,683     104,683  
Accumulated Depreciation 54,963     54,963  
Total real estate, net 49,720 51,701   49,720  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Woodland Hills          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 663     663  
Initial Cost          
Land and Improvements $ 23,828     $ 23,828  
Building / Construction in Progress & Improvements 40,372     40,372  
Costs Subsequent to Acquisition / Construction 80,378     80,378  
Total Cost          
Land and Improvements 23,828     23,828  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 120,750     120,750  
Total 144,578     144,578  
Accumulated Depreciation 62,899     62,899  
Total real estate, net 81,679 64,969   81,679  
Encumbrances $ 0     $ 0  
Current Communities | eaves Warner Center          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 227     227  
Initial Cost          
Land and Improvements $ 7,045     $ 7,045  
Building / Construction in Progress & Improvements 12,986     12,986  
Costs Subsequent to Acquisition / Construction 13,348     13,348  
Total Cost          
Land and Improvements 7,045     7,045  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 26,334     26,334  
Total 33,379     33,379  
Accumulated Depreciation 20,782     20,782  
Total real estate, net 12,597 12,979   12,597  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Glendale          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 223     223  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 42,564     42,564  
Costs Subsequent to Acquisition / Construction 3,281     3,281  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 45,845     45,845  
Total 45,845     45,845  
Accumulated Depreciation 30,226     30,226  
Total real estate, net 15,619 17,077   15,619  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Burbank          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 401     401  
Initial Cost          
Land and Improvements $ 14,053     $ 14,053  
Building / Construction in Progress & Improvements 56,827     56,827  
Costs Subsequent to Acquisition / Construction 27,657     27,657  
Total Cost          
Land and Improvements 14,053     14,053  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 84,484     84,484  
Total 98,537     98,537  
Accumulated Depreciation 52,254     52,254  
Total real estate, net 46,283 49,142   46,283  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Camarillo          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 249     249  
Initial Cost          
Land and Improvements $ 8,446     $ 8,446  
Building / Construction in Progress & Improvements 40,290     40,290  
Costs Subsequent to Acquisition / Construction 3,605     3,605  
Total Cost          
Land and Improvements 8,446     8,446  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 43,895     43,895  
Total 52,341     52,341  
Accumulated Depreciation 24,832     24,832  
Total real estate, net 27,509 28,837   27,509  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Wilshire          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 123     123  
Initial Cost          
Land and Improvements $ 5,459     $ 5,459  
Building / Construction in Progress & Improvements 41,182     41,182  
Costs Subsequent to Acquisition / Construction 6,582     6,582  
Total Cost          
Land and Improvements 5,459     5,459  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 47,764     47,764  
Total 53,223     53,223  
Accumulated Depreciation 25,420     25,420  
Total real estate, net 27,803 29,444   27,803  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Encino          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 131     131  
Initial Cost          
Land and Improvements $ 12,789     $ 12,789  
Building / Construction in Progress & Improvements 49,073     49,073  
Costs Subsequent to Acquisition / Construction 2,652     2,652  
Total Cost          
Land and Improvements 12,789     12,789  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 51,725     51,725  
Total 64,514     64,514  
Accumulated Depreciation 24,814     24,814  
Total real estate, net 39,700 40,653   39,700  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Warner Place          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 210     210  
Initial Cost          
Land and Improvements $ 7,920     $ 7,920  
Building / Construction in Progress & Improvements 44,845     44,845  
Costs Subsequent to Acquisition / Construction 2,920     2,920  
Total Cost          
Land and Improvements 7,920     7,920  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 47,765     47,765  
Total 55,685     55,685  
Accumulated Depreciation 23,394     23,394  
Total real estate, net 32,291 33,748   32,291  
Encumbrances $ 0     $ 0  
Current Communities | AVA Little Tokyo          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 280     280  
Initial Cost          
Land and Improvements $ 14,734     $ 14,734  
Building / Construction in Progress & Improvements 94,001     94,001  
Costs Subsequent to Acquisition / Construction 2,160     2,160  
Total Cost          
Land and Improvements 14,734     14,734  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 96,161     96,161  
Total 110,895     110,895  
Accumulated Depreciation 28,170     28,170  
Total real estate, net 82,725 85,683   82,725  
Encumbrances $ 0     $ 0  
Current Communities | eaves Phillips Ranch          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 503     503  
Initial Cost          
Land and Improvements $ 9,796     $ 9,796  
Building / Construction in Progress & Improvements 41,740     41,740  
Costs Subsequent to Acquisition / Construction 8,051     8,051  
Total Cost          
Land and Improvements 9,796     9,796  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 49,791     49,791  
Total 59,587     59,587  
Accumulated Depreciation 20,423     20,423  
Total real estate, net 39,164 39,802   39,164  
Encumbrances $ 0     $ 0  
Current Communities | eaves San Dimas          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 102     102  
Initial Cost          
Land and Improvements $ 1,916     $ 1,916  
Building / Construction in Progress & Improvements 7,819     7,819  
Costs Subsequent to Acquisition / Construction 2,294     2,294  
Total Cost          
Land and Improvements 1,916     1,916  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 10,113     10,113  
Total 12,029     12,029  
Accumulated Depreciation 4,443     4,443  
Total real estate, net 7,586 7,690   7,586  
Encumbrances $ 0     $ 0  
Current Communities | eaves San Dimas Canyon          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 156     156  
Initial Cost          
Land and Improvements $ 2,953     $ 2,953  
Building / Construction in Progress & Improvements 12,428     12,428  
Costs Subsequent to Acquisition / Construction 1,749     1,749  
Total Cost          
Land and Improvements 2,953     2,953  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 14,177     14,177  
Total 17,130     17,130  
Accumulated Depreciation 6,058     6,058  
Total real estate, net 11,072 11,487   11,072  
Encumbrances $ 0     $ 0  
Current Communities | AVA Pasadena          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 84     84  
Initial Cost          
Land and Improvements $ 8,400     $ 8,400  
Building / Construction in Progress & Improvements 11,547     11,547  
Costs Subsequent to Acquisition / Construction 6,256     6,256  
Total Cost          
Land and Improvements 8,400     8,400  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 17,803     17,803  
Total 26,203     26,203  
Accumulated Depreciation 6,398     6,398  
Total real estate, net 19,805 20,378   19,805  
Encumbrances $ 0     $ 0  
Current Communities | eaves Cerritos          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 151     151  
Initial Cost          
Land and Improvements $ 8,305     $ 8,305  
Building / Construction in Progress & Improvements 21,195     21,195  
Costs Subsequent to Acquisition / Construction 2,377     2,377  
Total Cost          
Land and Improvements 8,305     8,305  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 23,572     23,572  
Total 31,877     31,877  
Accumulated Depreciation 8,490     8,490  
Total real estate, net 23,387 23,799   23,387  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Playa Vista          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 309     309  
Initial Cost          
Land and Improvements $ 30,900     $ 30,900  
Building / Construction in Progress & Improvements 72,008     72,008  
Costs Subsequent to Acquisition / Construction 8,859     8,859  
Total Cost          
Land and Improvements 30,900     30,900  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 80,867     80,867  
Total 111,767     111,767  
Accumulated Depreciation 31,102     31,102  
Total real estate, net 80,665 83,342   80,665  
Encumbrances $ 0     $ 0  
Current Communities | Avalon San Dimas          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 156     156  
Initial Cost          
Land and Improvements $ 9,141     $ 9,141  
Building / Construction in Progress & Improvements 30,726     30,726  
Costs Subsequent to Acquisition / Construction 378     378  
Total Cost          
Land and Improvements 9,141     9,141  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 31,104     31,104  
Total 40,245     40,245  
Accumulated Depreciation 9,360     9,360  
Total real estate, net 30,885 31,660   30,885  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Glendora          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 281     281  
Initial Cost          
Land and Improvements $ 18,311     $ 18,311  
Building / Construction in Progress & Improvements 64,303     64,303  
Costs Subsequent to Acquisition / Construction 668     668  
Total Cost          
Land and Improvements 18,311     18,311  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 64,971     64,971  
Total 83,282     83,282  
Accumulated Depreciation 16,999     16,999  
Total real estate, net 66,283 68,558   66,283  
Encumbrances $ 0     $ 0  
Current Communities | Avalon West Hollywood          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 294     294  
Initial Cost          
Land and Improvements $ 35,214     $ 35,214  
Building / Construction in Progress & Improvements 119,105     119,105  
Costs Subsequent to Acquisition / Construction 1,741     1,741  
Total Cost          
Land and Improvements 35,214     35,214  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 120,846     120,846  
Total 156,060     156,060  
Accumulated Depreciation 25,584     25,584  
Total real estate, net 130,476 135,100   130,476  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Mission Oaks          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 160     160  
Initial Cost          
Land and Improvements $ 9,600     $ 9,600  
Building / Construction in Progress & Improvements 37,602     37,602  
Costs Subsequent to Acquisition / Construction 1,936     1,936  
Total Cost          
Land and Improvements 9,600     9,600  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 39,538     39,538  
Total 49,138     49,138  
Accumulated Depreciation 13,037     13,037  
Total real estate, net 36,101 37,252   36,101  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Chino Hills          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 331     331  
Initial Cost          
Land and Improvements $ 16,617     $ 16,617  
Building / Construction in Progress & Improvements 79,829     79,829  
Costs Subsequent to Acquisition / Construction 783     783  
Total Cost          
Land and Improvements 16,617     16,617  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 80,612     80,612  
Total 97,229     97,229  
Accumulated Depreciation 16,756     16,756  
Total real estate, net 80,473 82,794   80,473  
Encumbrances $ 0     $ 0  
Current Communities | AVA North Hollywood          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 156     156  
Initial Cost          
Land and Improvements $ 18,408     $ 18,408  
Building / Construction in Progress & Improvements 52,280     52,280  
Costs Subsequent to Acquisition / Construction 2,199     2,199  
Total Cost          
Land and Improvements 18,408     18,408  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 54,479     54,479  
Total 72,887     72,887  
Accumulated Depreciation 14,315     14,315  
Total real estate, net 58,572 60,557   58,572  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Cerritos          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 132     132  
Initial Cost          
Land and Improvements $ 8,869     $ 8,869  
Building / Construction in Progress & Improvements 51,452     51,452  
Costs Subsequent to Acquisition / Construction 926     926  
Total Cost          
Land and Improvements 8,869     8,869  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 52,378     52,378  
Total 61,247     61,247  
Accumulated Depreciation 8,380     8,380  
Total real estate, net 52,867 54,816   52,867  
Encumbrances $ 30,250     $ 30,250  
Current Communities | Avalon Simi Valley          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 500     500  
Initial Cost          
Land and Improvements $ 42,020     $ 42,020  
Building / Construction in Progress & Improvements 73,361     73,361  
Costs Subsequent to Acquisition / Construction 11,761     11,761  
Total Cost          
Land and Improvements 42,020     42,020  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 85,122     85,122  
Total 127,142     127,142  
Accumulated Depreciation 32,554     32,554  
Total real estate, net 94,588 95,639   94,588  
Encumbrances $ 0     $ 0  
Current Communities | AVA Studio City II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 101     101  
Initial Cost          
Land and Improvements $ 4,626     $ 4,626  
Building / Construction in Progress & Improvements 22,954     22,954  
Costs Subsequent to Acquisition / Construction 7,970     7,970  
Total Cost          
Land and Improvements 4,626     4,626  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 30,924     30,924  
Total 35,550     35,550  
Accumulated Depreciation 11,254     11,254  
Total real estate, net 24,296 25,419   24,296  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Studio City          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 276     276  
Initial Cost          
Land and Improvements $ 15,756     $ 15,756  
Building / Construction in Progress & Improvements 78,178     78,178  
Costs Subsequent to Acquisition / Construction 19,325     19,325  
Total Cost          
Land and Improvements 15,756     15,756  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 97,503     97,503  
Total 113,259     113,259  
Accumulated Depreciation 36,842     36,842  
Total real estate, net 76,417 80,076   76,417  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Calabasas          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 600     600  
Initial Cost          
Land and Improvements $ 42,720     $ 42,720  
Building / Construction in Progress & Improvements 107,642     107,642  
Costs Subsequent to Acquisition / Construction 25,656     25,656  
Total Cost          
Land and Improvements 42,720     42,720  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 133,298     133,298  
Total 176,018     176,018  
Accumulated Depreciation 60,303     60,303  
Total real estate, net 115,715 121,483   115,715  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Oak Creek          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 336     336  
Initial Cost          
Land and Improvements $ 43,540     $ 43,540  
Building / Construction in Progress & Improvements 79,974     79,974  
Costs Subsequent to Acquisition / Construction 9,930     9,930  
Total Cost          
Land and Improvements 43,540     43,540  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 89,904     89,904  
Total 133,444     133,444  
Accumulated Depreciation 40,807     40,807  
Total real estate, net 92,637 94,193   92,637  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Santa Monica on Main          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 133     133  
Initial Cost          
Land and Improvements $ 32,000     $ 32,000  
Building / Construction in Progress & Improvements 60,770     60,770  
Costs Subsequent to Acquisition / Construction 15,482     15,482  
Total Cost          
Land and Improvements 32,000     32,000  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 76,252     76,252  
Total 108,252     108,252  
Accumulated Depreciation 27,218     27,218  
Total real estate, net 81,034 83,107   81,034  
Encumbrances $ 0     $ 0  
Current Communities | eaves Old Town Pasadena          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 96     96  
Initial Cost          
Land and Improvements $ 9,110     $ 9,110  
Building / Construction in Progress & Improvements 15,371     15,371  
Costs Subsequent to Acquisition / Construction 7,378     7,378  
Total Cost          
Land and Improvements 9,110     9,110  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 22,749     22,749  
Total 31,859     31,859  
Accumulated Depreciation 8,567     8,567  
Total real estate, net 23,292 24,050   23,292  
Encumbrances $ 0     $ 0  
Current Communities | eaves Thousand Oaks          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 154     154  
Initial Cost          
Land and Improvements $ 13,950     $ 13,950  
Building / Construction in Progress & Improvements 20,211     20,211  
Costs Subsequent to Acquisition / Construction 6,182     6,182  
Total Cost          
Land and Improvements 13,950     13,950  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 26,393     26,393  
Total 40,343     40,343  
Accumulated Depreciation 12,730     12,730  
Total real estate, net 27,613 28,356   27,613  
Encumbrances $ 0     $ 0  
Current Communities | eaves Los Feliz          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 263     263  
Initial Cost          
Land and Improvements $ 18,940     $ 18,940  
Building / Construction in Progress & Improvements 43,661     43,661  
Costs Subsequent to Acquisition / Construction 13,970     13,970  
Total Cost          
Land and Improvements 18,940     18,940  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 57,631     57,631  
Total 76,571     76,571  
Accumulated Depreciation 21,693     21,693  
Total real estate, net 54,878 56,777   54,878  
Encumbrances $ 41,400     $ 41,400  
Current Communities | AVA Toluca Hills          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 1,151     1,151  
Initial Cost          
Land and Improvements $ 86,450     $ 86,450  
Building / Construction in Progress & Improvements 161,256     161,256  
Costs Subsequent to Acquisition / Construction 91,415     91,415  
Total Cost          
Land and Improvements 86,450     86,450  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 252,671     252,671  
Total 339,121     339,121  
Accumulated Depreciation 85,645     85,645  
Total real estate, net 253,476 262,259   253,476  
Encumbrances $ 0     $ 0  
Current Communities | eaves Woodland Hills          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 884     884  
Initial Cost          
Land and Improvements $ 68,940     $ 68,940  
Building / Construction in Progress & Improvements 90,549     90,549  
Costs Subsequent to Acquisition / Construction 23,653     23,653  
Total Cost          
Land and Improvements 68,940     68,940  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 114,202     114,202  
Total 183,142     183,142  
Accumulated Depreciation 48,860     48,860  
Total real estate, net 134,282 136,985   134,282  
Encumbrances $ 111,500     $ 111,500  
Current Communities | Avalon Thousand Oaks Plaza          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 148     148  
Initial Cost          
Land and Improvements $ 12,810     $ 12,810  
Building / Construction in Progress & Improvements 22,581     22,581  
Costs Subsequent to Acquisition / Construction 3,470     3,470  
Total Cost          
Land and Improvements 12,810     12,810  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 26,051     26,051  
Total 38,861     38,861  
Accumulated Depreciation 11,202     11,202  
Total real estate, net 27,659 28,320   27,659  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Pasadena          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 120     120  
Initial Cost          
Land and Improvements $ 10,240     $ 10,240  
Building / Construction in Progress & Improvements 31,558     31,558  
Costs Subsequent to Acquisition / Construction 6,844     6,844  
Total Cost          
Land and Improvements 10,240     10,240  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 38,402     38,402  
Total 48,642     48,642  
Accumulated Depreciation 14,083     14,083  
Total real estate, net 34,559 35,860   34,559  
Encumbrances $ 0     $ 0  
Current Communities | AVA Studio City I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 450     450  
Initial Cost          
Land and Improvements $ 17,658     $ 17,658  
Building / Construction in Progress & Improvements 90,715     90,715  
Costs Subsequent to Acquisition / Construction 37,291     37,291  
Total Cost          
Land and Improvements 17,658     17,658  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 128,006     128,006  
Total 145,664     145,664  
Accumulated Depreciation 44,462     44,462  
Total real estate, net 101,202 105,876   101,202  
Encumbrances $ 0     $ 0  
Current Communities | AVA Newport          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 145     145  
Initial Cost          
Land and Improvements $ 1,975     $ 1,975  
Building / Construction in Progress & Improvements 3,814     3,814  
Costs Subsequent to Acquisition / Construction 10,302     10,302  
Total Cost          
Land and Improvements 1,975     1,975  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 14,116     14,116  
Total 16,091     16,091  
Accumulated Depreciation 9,357     9,357  
Total real estate, net 6,734 7,000   6,734  
Encumbrances $ 0     $ 0  
Current Communities | eaves Mission Viejo          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 166     166  
Initial Cost          
Land and Improvements $ 2,517     $ 2,517  
Building / Construction in Progress & Improvements 9,257     9,257  
Costs Subsequent to Acquisition / Construction 5,365     5,365  
Total Cost          
Land and Improvements 2,517     2,517  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 14,622     14,622  
Total 17,139     17,139  
Accumulated Depreciation 11,566     11,566  
Total real estate, net 5,573 5,715   5,573  
Encumbrances $ 0     $ 0  
Current Communities | eaves South Coast          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 258     258  
Initial Cost          
Land and Improvements $ 4,709     $ 4,709  
Building / Construction in Progress & Improvements 16,063     16,063  
Costs Subsequent to Acquisition / Construction 14,340     14,340  
Total Cost          
Land and Improvements 4,709     4,709  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 30,403     30,403  
Total 35,112     35,112  
Accumulated Depreciation 22,063     22,063  
Total real estate, net 13,049 13,883   13,049  
Encumbrances $ 0     $ 0  
Current Communities | eaves Santa Margarita          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 302     302  
Initial Cost          
Land and Improvements $ 4,607     $ 4,607  
Building / Construction in Progress & Improvements 16,911     16,911  
Costs Subsequent to Acquisition / Construction 13,545     13,545  
Total Cost          
Land and Improvements 4,607     4,607  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 30,456     30,456  
Total 35,063     35,063  
Accumulated Depreciation 21,406     21,406  
Total real estate, net 13,657 14,209   13,657  
Encumbrances $ 0     $ 0  
Current Communities | eaves Huntington Beach          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 304     304  
Initial Cost          
Land and Improvements $ 4,871     $ 4,871  
Building / Construction in Progress & Improvements 19,745     19,745  
Costs Subsequent to Acquisition / Construction 12,514     12,514  
Total Cost          
Land and Improvements 4,871     4,871  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 32,259     32,259  
Total 37,130     37,130  
Accumulated Depreciation 26,008     26,008  
Total real estate, net 11,122 12,026   11,122  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Irvine I          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 279     279  
Initial Cost          
Land and Improvements $ 9,911     $ 9,911  
Building / Construction in Progress & Improvements 67,520     67,520  
Costs Subsequent to Acquisition / Construction 5,554     5,554  
Total Cost          
Land and Improvements 9,911     9,911  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 73,074     73,074  
Total 82,985     82,985  
Accumulated Depreciation 32,419     32,419  
Total real estate, net 50,566 51,806   50,566  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Irvine II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 179     179  
Initial Cost          
Land and Improvements $ 4,358     $ 4,358  
Building / Construction in Progress & Improvements 40,905     40,905  
Costs Subsequent to Acquisition / Construction 1,324     1,324  
Total Cost          
Land and Improvements 4,358     4,358  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 42,229     42,229  
Total 46,587     46,587  
Accumulated Depreciation 14,543     14,543  
Total real estate, net 32,044 32,748   32,044  
Encumbrances $ 0     $ 0  
Current Communities | eaves Lake Forest          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 225     225  
Initial Cost          
Land and Improvements $ 5,199     $ 5,199  
Building / Construction in Progress & Improvements 21,134     21,134  
Costs Subsequent to Acquisition / Construction 6,724     6,724  
Total Cost          
Land and Improvements 5,199     5,199  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 27,858     27,858  
Total 33,057     33,057  
Accumulated Depreciation 11,396     11,396  
Total real estate, net 21,661 21,175   21,661  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Baker Ranch          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 430     430  
Initial Cost          
Land and Improvements $ 31,689     $ 31,689  
Building / Construction in Progress & Improvements 98,004     98,004  
Costs Subsequent to Acquisition / Construction 811     811  
Total Cost          
Land and Improvements 31,689     31,689  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 98,815     98,815  
Total 130,504     130,504  
Accumulated Depreciation 27,270     27,270  
Total real estate, net 103,234 106,390   103,234  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Irvine III          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 156     156  
Initial Cost          
Land and Improvements $ 11,607     $ 11,607  
Building / Construction in Progress & Improvements 43,973     43,973  
Costs Subsequent to Acquisition / Construction 289     289  
Total Cost          
Land and Improvements 11,607     11,607  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 44,262     44,262  
Total 55,869     55,869  
Accumulated Depreciation 10,904     10,904  
Total real estate, net 44,965 46,372   44,965  
Encumbrances $ 0     $ 0  
Current Communities | eaves Seal Beach          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 549     549  
Initial Cost          
Land and Improvements $ 46,790     $ 46,790  
Building / Construction in Progress & Improvements 99,999     99,999  
Costs Subsequent to Acquisition / Construction 38,088     38,088  
Total Cost          
Land and Improvements 46,790     46,790  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 138,087     138,087  
Total 184,877     184,877  
Accumulated Depreciation 46,975     46,975  
Total real estate, net 137,902 142,734   137,902  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Huntington Beach          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 378     378  
Initial Cost          
Land and Improvements $ 13,055     $ 13,055  
Building / Construction in Progress & Improvements 105,981     105,981  
Costs Subsequent to Acquisition / Construction 979     979  
Total Cost          
Land and Improvements 13,055     13,055  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 106,960     106,960  
Total 120,015     120,015  
Accumulated Depreciation 24,282     24,282  
Total real estate, net 95,733 99,415   95,733  
Encumbrances $ 0     $ 0  
Current Communities | AVA Pacific Beach          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 564     564  
Initial Cost          
Land and Improvements $ 9,922     $ 9,922  
Building / Construction in Progress & Improvements 40,580     40,580  
Costs Subsequent to Acquisition / Construction 43,807     43,807  
Total Cost          
Land and Improvements 9,922     9,922  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 84,387     84,387  
Total 94,309     94,309  
Accumulated Depreciation 55,929     55,929  
Total real estate, net 38,380 40,478   38,380  
Encumbrances $ 0     $ 0  
Current Communities | eaves Mission Ridge          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 200     200  
Initial Cost          
Land and Improvements $ 2,710     $ 2,710  
Building / Construction in Progress & Improvements 10,924     10,924  
Costs Subsequent to Acquisition / Construction 14,213     14,213  
Total Cost          
Land and Improvements 2,710     2,710  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 25,137     25,137  
Total 27,847     27,847  
Accumulated Depreciation 19,618     19,618  
Total real estate, net 8,229 8,771   8,229  
Encumbrances $ 0     $ 0  
Current Communities | eaves San Marcos          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 184     184  
Initial Cost          
Land and Improvements $ 3,277     $ 3,277  
Building / Construction in Progress & Improvements 13,385     13,385  
Costs Subsequent to Acquisition / Construction 6,600     6,600  
Total Cost          
Land and Improvements 3,277     3,277  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 19,985     19,985  
Total 23,262     23,262  
Accumulated Depreciation 7,248     7,248  
Total real estate, net 16,014 16,032   16,014  
Encumbrances $ 0     $ 0  
Current Communities | eaves Rancho Penasquitos          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 250     250  
Initial Cost          
Land and Improvements $ 6,692     $ 6,692  
Building / Construction in Progress & Improvements 27,143     27,143  
Costs Subsequent to Acquisition / Construction 10,468     10,468  
Total Cost          
Land and Improvements 6,692     6,692  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 37,611     37,611  
Total 44,303     44,303  
Accumulated Depreciation 14,854     14,854  
Total real estate, net 29,449 29,601   29,449  
Encumbrances $ 0     $ 0  
Current Communities | Avalon Vista          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 221     221  
Initial Cost          
Land and Improvements $ 12,689     $ 12,689  
Building / Construction in Progress & Improvements 43,328     43,328  
Costs Subsequent to Acquisition / Construction 865     865  
Total Cost          
Land and Improvements 12,689     12,689  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 44,193     44,193  
Total 56,882     56,882  
Accumulated Depreciation 12,433     12,433  
Total real estate, net 44,449 46,015   44,449  
Encumbrances $ 0     $ 0  
Current Communities | eaves La Mesa          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 168     168  
Initial Cost          
Land and Improvements $ 9,490     $ 9,490  
Building / Construction in Progress & Improvements 28,482     28,482  
Costs Subsequent to Acquisition / Construction 4,325     4,325  
Total Cost          
Land and Improvements 9,490     9,490  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 32,807     32,807  
Total 42,297     42,297  
Accumulated Depreciation 14,771     14,771  
Total real estate, net 27,526 28,691   27,526  
Encumbrances $ 0     $ 0  
Current Communities | Avalon La Jolla Colony          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 180     180  
Initial Cost          
Land and Improvements $ 16,760     $ 16,760  
Building / Construction in Progress & Improvements 27,694     27,694  
Costs Subsequent to Acquisition / Construction 12,622     12,622  
Total Cost          
Land and Improvements 16,760     16,760  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 40,316     40,316  
Total 57,076     57,076  
Accumulated Depreciation 16,132     16,132  
Total real estate, net 40,944 42,316   40,944  
Encumbrances $ 0     $ 0  
New England          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 9,618     9,618  
Initial Cost          
Land and Improvements $ 388,512     $ 388,512  
Building / Construction in Progress & Improvements 2,062,411     2,062,411  
Costs Subsequent to Acquisition / Construction 442,634     442,634  
Total Cost          
Land and Improvements 388,512     388,512  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 2,505,045     2,505,045  
Total 2,893,557     2,893,557  
Accumulated Depreciation 921,065     921,065  
Total real estate, net 1,972,492 2,042,688   1,972,492  
Encumbrances $ 45,000     $ 45,000  
New York City, NY          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 3,788     3,788  
Initial Cost          
Land and Improvements $ 528,710     $ 528,710  
Building / Construction in Progress & Improvements 1,278,683     1,278,683  
Costs Subsequent to Acquisition / Construction 118,834     118,834  
Total Cost          
Land and Improvements 528,710     528,710  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 1,397,517     1,397,517  
Total 1,926,227     1,926,227  
Accumulated Depreciation 521,330     521,330  
Total real estate, net 1,404,897 1,446,431   1,404,897  
Encumbrances $ 351,200     $ 351,200  
New York - Suburban          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 3,202     3,202  
Initial Cost          
Land and Improvements $ 205,360     $ 205,360  
Building / Construction in Progress & Improvements 643,625     643,625  
Costs Subsequent to Acquisition / Construction 83,103     83,103  
Total Cost          
Land and Improvements 205,360     205,360  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 726,728     726,728  
Total 932,088     932,088  
Accumulated Depreciation 317,882     317,882  
Total real estate, net 614,206 635,936   614,206  
Encumbrances $ 0     $ 0  
New Jersey          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 4,651     4,651  
Initial Cost          
Land and Improvements $ 218,453     $ 218,453  
Building / Construction in Progress & Improvements 953,902     953,902  
Costs Subsequent to Acquisition / Construction 85,319     85,319  
Total Cost          
Land and Improvements 218,453     218,453  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 1,039,221     1,039,221  
Total 1,257,674     1,257,674  
Accumulated Depreciation 345,535     345,535  
Total real estate, net 912,139 942,164   912,139  
Encumbrances $ 0     $ 0  
Metro NY/NJ          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 11,641     11,641  
Initial Cost          
Land and Improvements $ 952,523     $ 952,523  
Building / Construction in Progress & Improvements 2,876,210     2,876,210  
Costs Subsequent to Acquisition / Construction 287,256     287,256  
Total Cost          
Land and Improvements 952,523     952,523  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 3,163,466     3,163,466  
Total 4,115,989     4,115,989  
Accumulated Depreciation 1,184,747     1,184,747  
Total real estate, net 2,931,242 3,024,531   2,931,242  
Encumbrances $ 351,200     $ 351,200  
Mid-Atlantic          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 12,577     12,577  
Initial Cost          
Land and Improvements $ 671,186     $ 671,186  
Building / Construction in Progress & Improvements 2,222,027     2,222,027  
Costs Subsequent to Acquisition / Construction 310,589     310,589  
Total Cost          
Land and Improvements 671,186     671,186  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 2,532,616     2,532,616  
Total 3,203,802     3,203,802  
Accumulated Depreciation 1,003,493     1,003,493  
Total real estate, net 2,200,309 2,272,165   2,200,309  
Encumbrances $ 32,200     $ 32,200  
Denver, CO          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 1,086     1,086  
Initial Cost          
Land and Improvements $ 26,136     $ 26,136  
Building / Construction in Progress & Improvements 287,713     287,713  
Costs Subsequent to Acquisition / Construction 7,836     7,836  
Total Cost          
Land and Improvements 26,136     26,136  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 295,549     295,549  
Total 321,685     321,685  
Accumulated Depreciation 61,979     61,979  
Total real estate, net 259,706 271,654   259,706  
Encumbrances $ 0     $ 0  
Southeast Florida          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 1,214     1,214  
Initial Cost          
Land and Improvements $ 56,895     $ 56,895  
Building / Construction in Progress & Improvements 327,153     327,153  
Costs Subsequent to Acquisition / Construction 14,775     14,775  
Total Cost          
Land and Improvements 56,895     56,895  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 341,928     341,928  
Total 398,823     398,823  
Accumulated Depreciation 68,526     68,526  
Total real estate, net 330,297 341,995   330,297  
Encumbrances $ 0     $ 0  
Pacific Northwest          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 4,807     4,807  
Initial Cost          
Land and Improvements $ 204,495     $ 204,495  
Building / Construction in Progress & Improvements 1,041,527     1,041,527  
Costs Subsequent to Acquisition / Construction 51,605     51,605  
Total Cost          
Land and Improvements 204,495     204,495  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 1,093,132     1,093,132  
Total 1,297,627     1,297,627  
Accumulated Depreciation 358,286     358,286  
Total real estate, net 939,341 972,422   939,341  
Encumbrances $ 0     $ 0  
San Jose, CA          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 4,723     4,723  
Initial Cost          
Land and Improvements $ 297,065     $ 297,065  
Building / Construction in Progress & Improvements 767,614     767,614  
Costs Subsequent to Acquisition / Construction 186,441     186,441  
Total Cost          
Land and Improvements 297,065     297,065  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 954,055     954,055  
Total 1,251,120     1,251,120  
Accumulated Depreciation 544,749     544,749  
Total real estate, net 706,371 734,443   706,371  
Encumbrances $ 0     $ 0  
Oakland - East Bay, CA          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 4,138     4,138  
Initial Cost          
Land and Improvements $ 167,992     $ 167,992  
Building / Construction in Progress & Improvements 886,809     886,809  
Costs Subsequent to Acquisition / Construction 158,959     158,959  
Total Cost          
Land and Improvements 167,992     167,992  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 1,045,768     1,045,768  
Total 1,213,760     1,213,760  
Accumulated Depreciation 421,931     421,931  
Total real estate, net 791,829 796,151   791,829  
Encumbrances $ 4,327     $ 4,327  
San Francisco, CA          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 3,267     3,267  
Initial Cost          
Land and Improvements $ 229,686     $ 229,686  
Building / Construction in Progress & Improvements 893,077     893,077  
Costs Subsequent to Acquisition / Construction 100,286     100,286  
Total Cost          
Land and Improvements 229,686     229,686  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 993,363     993,363  
Total 1,223,049     1,223,049  
Accumulated Depreciation 425,568     425,568  
Total real estate, net 797,481 827,876   797,481  
Encumbrances $ 111,950     $ 111,950  
Northern California          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 12,128     12,128  
Initial Cost          
Land and Improvements $ 694,743     $ 694,743  
Building / Construction in Progress & Improvements 2,547,500     2,547,500  
Costs Subsequent to Acquisition / Construction 445,686     445,686  
Total Cost          
Land and Improvements 694,743     694,743  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 2,993,186     2,993,186  
Total 3,687,929     3,687,929  
Accumulated Depreciation 1,392,248     1,392,248  
Total real estate, net 2,295,681 2,358,470   2,295,681  
Encumbrances $ 116,277     $ 116,277  
Los Angeles, CA          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 11,284     11,284  
Initial Cost          
Land and Improvements $ 713,947     $ 713,947  
Building / Construction in Progress & Improvements 1,951,059     1,951,059  
Costs Subsequent to Acquisition / Construction 515,223     515,223  
Total Cost          
Land and Improvements 713,947     713,947  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 2,466,282     2,466,282  
Total 3,180,229     3,180,229  
Accumulated Depreciation 985,319     985,319  
Total real estate, net 2,194,910 2,249,868   2,194,910  
Encumbrances $ 183,150     $ 183,150  
Orange County, CA          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 3,371     3,371  
Initial Cost          
Land and Improvements $ 141,288     $ 141,288  
Building / Construction in Progress & Improvements 543,306     543,306  
Costs Subsequent to Acquisition / Construction 109,835     109,835  
Total Cost          
Land and Improvements 141,288     141,288  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 653,141     653,141  
Total 794,429     794,429  
Accumulated Depreciation 258,189     258,189  
Total real estate, net 536,240 553,473   536,240  
Encumbrances $ 0     $ 0  
San Diego, CA          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 1,767     1,767  
Initial Cost          
Land and Improvements $ 61,540     $ 61,540  
Building / Construction in Progress & Improvements 191,536     191,536  
Costs Subsequent to Acquisition / Construction 92,900     92,900  
Total Cost          
Land and Improvements 61,540     61,540  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 284,436     284,436  
Total 345,976     345,976  
Accumulated Depreciation 140,985     140,985  
Total real estate, net 204,991 211,904   204,991  
Encumbrances $ 0     $ 0  
Southern California          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 16,422     16,422  
Initial Cost          
Land and Improvements $ 916,775     $ 916,775  
Building / Construction in Progress & Improvements 2,685,901     2,685,901  
Costs Subsequent to Acquisition / Construction 717,958     717,958  
Total Cost          
Land and Improvements 916,775     916,775  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 3,403,859     3,403,859  
Total 4,320,634     4,320,634  
Accumulated Depreciation 1,384,493     1,384,493  
Total real estate, net 2,936,141 3,015,245   2,936,141  
Encumbrances $ 183,150     $ 183,150  
Same Store          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 69,493     69,493  
Initial Cost          
Land and Improvements $ 3,911,265     $ 3,911,265  
Building / Construction in Progress & Improvements 14,050,442     14,050,442  
Costs Subsequent to Acquisition / Construction 2,278,339     2,278,339  
Total Cost          
Land and Improvements 3,911,265     3,911,265  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 16,328,781     16,328,781  
Total 20,240,046     20,240,046  
Accumulated Depreciation 6,374,837     6,374,837  
Total real estate, net 13,865,209 14,299,170   13,865,209  
Encumbrances $ 727,827     $ 727,827  
Other Stabilized Communities          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 7,871     7,871  
Initial Cost          
Land and Improvements $ 475,354     $ 475,354  
Building / Construction in Progress & Improvements 2,388,927     2,388,927  
Costs Subsequent to Acquisition / Construction 148,997     148,997  
Total Cost          
Land and Improvements 475,354     475,354  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 2,537,924     2,537,924  
Total 3,013,278     3,013,278  
Accumulated Depreciation 298,682     298,682  
Total real estate, net 2,714,596 2,266,966   2,714,596  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | AVA Hollywood at La Pietra Place          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 695     695  
Initial Cost          
Land and Improvements $ 99,309     $ 99,309  
Building / Construction in Progress & Improvements 272,636     272,636  
Costs Subsequent to Acquisition / Construction 1,608     1,608  
Total Cost          
Land and Improvements 99,309     99,309  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 274,244     274,244  
Total 373,553     373,553  
Accumulated Depreciation 26,917     26,917  
Total real estate, net 346,636 355,102   346,636  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Walnut Creek II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 200     200  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 112,692     112,692  
Costs Subsequent to Acquisition / Construction 285     285  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 112,977     112,977  
Total 112,977     112,977  
Accumulated Depreciation 9,913     9,913  
Total real estate, net 103,064 107,424   103,064  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Monrovia          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 154     154  
Initial Cost          
Land and Improvements $ 12,125     $ 12,125  
Building / Construction in Progress & Improvements 56,230     56,230  
Costs Subsequent to Acquisition / Construction 194     194  
Total Cost          
Land and Improvements 12,125     12,125  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 56,424     56,424  
Total 68,549     68,549  
Accumulated Depreciation 3,399     3,399  
Total real estate, net 65,150 67,269   65,150  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Flatirons          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 207     207  
Initial Cost          
Land and Improvements $ 7,390     $ 7,390  
Building / Construction in Progress & Improvements 86,734     86,734  
Costs Subsequent to Acquisition / Construction 1,423     1,423  
Total Cost          
Land and Improvements 7,390     7,390  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 88,157     88,157  
Total 95,547     95,547  
Accumulated Depreciation 4,509     4,509  
Total real estate, net 91,038 0   91,038  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Doral          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 350     350  
Initial Cost          
Land and Improvements $ 23,392     $ 23,392  
Building / Construction in Progress & Improvements 92,934     92,934  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 23,392     23,392  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 92,934     92,934  
Total 116,326     116,326  
Accumulated Depreciation 7,465     7,465  
Total real estate, net 108,861 110,622   108,861  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Fort Lauderdale          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 243     243  
Initial Cost          
Land and Improvements $ 20,029     $ 20,029  
Building / Construction in Progress & Improvements 122,092     122,092  
Costs Subsequent to Acquisition / Construction 6,928     6,928  
Total Cost          
Land and Improvements 20,029     20,029  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 129,020     129,020  
Total 149,049     149,049  
Accumulated Depreciation 8,617     8,617  
Total real estate, net 140,432 146,639   140,432  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Miramar          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 380     380  
Initial Cost          
Land and Improvements $ 17,959     $ 17,959  
Building / Construction in Progress & Improvements 110,866     110,866  
Costs Subsequent to Acquisition / Construction 5,415     5,415  
Total Cost          
Land and Improvements 17,959     17,959  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 116,281     116,281  
Total 134,240     134,240  
Accumulated Depreciation 10,629     10,629  
Total real estate, net 123,611 131,127   123,611  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Miramar Park Place          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 650     650  
Initial Cost          
Land and Improvements $ 50,919     $ 50,919  
Building / Construction in Progress & Improvements 228,816     228,816  
Costs Subsequent to Acquisition / Construction 14,705     14,705  
Total Cost          
Land and Improvements 50,919     50,919  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 243,521     243,521  
Total 294,440     294,440  
Accumulated Depreciation 16,679     16,679  
Total real estate, net 277,761 0   277,761  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Acton II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 86     86  
Initial Cost          
Land and Improvements $ 1,720     $ 1,720  
Building / Construction in Progress & Improvements 29,353     29,353  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 1,720     1,720  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 29,353     29,353  
Total 31,073     31,073  
Accumulated Depreciation 2,435     2,435  
Total real estate, net 28,638 29,737   28,638  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Marlborough II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 123     123  
Initial Cost          
Land and Improvements $ 5,523     $ 5,523  
Building / Construction in Progress & Improvements 36,380     36,380  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 5,523     5,523  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 36,380     36,380  
Total 41,903     41,903  
Accumulated Depreciation 3,176     3,176  
Total real estate, net 38,727 40,157   38,727  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Easton II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 44     44  
Initial Cost          
Land and Improvements $ 570     $ 570  
Building / Construction in Progress & Improvements 14,051     14,051  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 570     570  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 14,051     14,051  
Total 14,621     14,621  
Accumulated Depreciation 647     647  
Total real estate, net 13,974 14,032   13,974  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Kanso Twinbrook          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 238     238  
Initial Cost          
Land and Improvements $ 9,151     $ 9,151  
Building / Construction in Progress & Improvements 56,959     56,959  
Costs Subsequent to Acquisition / Construction 29     29  
Total Cost          
Land and Improvements 9,151     9,151  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 56,988     56,988  
Total 66,139     66,139  
Accumulated Depreciation 4,178     4,178  
Total real estate, net 61,961 63,858   61,961  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Towson          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 371     371  
Initial Cost          
Land and Improvements $ 12,906     $ 12,906  
Building / Construction in Progress & Improvements 98,307     98,307  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 12,906     12,906  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 98,307     98,307  
Total 111,213     111,213  
Accumulated Depreciation 9,556     9,556  
Total real estate, net 101,657 105,108   101,657  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Arundel Crossing          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 384     384  
Initial Cost          
Land and Improvements $ 9,933     $ 9,933  
Building / Construction in Progress & Improvements 108,911     108,911  
Costs Subsequent to Acquisition / Construction 2,690     2,690  
Total Cost          
Land and Improvements 9,933     9,933  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 111,601     111,601  
Total 121,534     121,534  
Accumulated Depreciation 10,841     10,841  
Total real estate, net 110,693 115,029   110,693  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon South End          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 265     265  
Initial Cost          
Land and Improvements $ 13,723     $ 13,723  
Building / Construction in Progress & Improvements 87,712     87,712  
Costs Subsequent to Acquisition / Construction 2,776     2,776  
Total Cost          
Land and Improvements 13,723     13,723  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 90,488     90,488  
Total 104,211     104,211  
Accumulated Depreciation 6,876     6,876  
Total real estate, net 97,335 101,735   97,335  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | AVA South End          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 164     164  
Initial Cost          
Land and Improvements $ 9,367     $ 9,367  
Building / Construction in Progress & Improvements 44,477     44,477  
Costs Subsequent to Acquisition / Construction 687     687  
Total Cost          
Land and Improvements 9,367     9,367  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 45,164     45,164  
Total 54,531     54,531  
Accumulated Depreciation 2,856     2,856  
Total real estate, net 51,675 52,667   51,675  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Hawk          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 71     71  
Initial Cost          
Land and Improvements $ 2,564     $ 2,564  
Building / Construction in Progress & Improvements 43,837     43,837  
Costs Subsequent to Acquisition / Construction 258     258  
Total Cost          
Land and Improvements 2,564     2,564  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 44,095     44,095  
Total 46,659     46,659  
Accumulated Depreciation 2,010     2,010  
Total real estate, net 44,649 46,515   44,649  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Highland Creek          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 260     260  
Initial Cost          
Land and Improvements $ 4,586     $ 4,586  
Building / Construction in Progress & Improvements 70,861     70,861  
Costs Subsequent to Acquisition / Construction 1,648     1,648  
Total Cost          
Land and Improvements 4,586     4,586  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 72,509     72,509  
Total 77,095     77,095  
Accumulated Depreciation 1,423     1,423  
Total real estate, net 75,672 0   75,672  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Princeton Junction          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 512     512  
Initial Cost          
Land and Improvements $ 5,585     $ 5,585  
Building / Construction in Progress & Improvements 21,752     21,752  
Costs Subsequent to Acquisition / Construction 34,435     34,435  
Total Cost          
Land and Improvements 5,585     5,585  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 56,187     56,187  
Total 61,772     61,772  
Accumulated Depreciation 35,920     35,920  
Total real estate, net 25,852 22,762   25,852  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Old Bridge          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 252     252  
Initial Cost          
Land and Improvements $ 6,895     $ 6,895  
Building / Construction in Progress & Improvements 65,090     65,090  
Costs Subsequent to Acquisition / Construction 404     404  
Total Cost          
Land and Improvements 6,895     6,895  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 65,494     65,494  
Total 72,389     72,389  
Accumulated Depreciation 5,237     5,237  
Total real estate, net 67,152 69,224   67,152  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Yonkers          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 590     590  
Initial Cost          
Land and Improvements $ 28,131     $ 28,131  
Building / Construction in Progress & Improvements 186,513     186,513  
Costs Subsequent to Acquisition / Construction 57     57  
Total Cost          
Land and Improvements 28,131     28,131  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 186,570     186,570  
Total 214,701     214,701  
Accumulated Depreciation 16,263     16,263  
Total real estate, net 198,438 206,005   198,438  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Lakeside          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 425     425  
Initial Cost          
Land and Improvements $ 15,073     $ 15,073  
Building / Construction in Progress & Improvements 98,049     98,049  
Costs Subsequent to Acquisition / Construction 5,050     5,050  
Total Cost          
Land and Improvements 15,073     15,073  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 103,099     103,099  
Total 118,172     118,172  
Accumulated Depreciation 10,210     10,210  
Total real estate, net 107,962 112,879   107,962  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Waterford Court          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 196     196  
Initial Cost          
Land and Improvements $ 11,174     $ 11,174  
Building / Construction in Progress & Improvements 57,289     57,289  
Costs Subsequent to Acquisition / Construction 1,345     1,345  
Total Cost          
Land and Improvements 11,174     11,174  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 58,634     58,634  
Total 69,808     69,808  
Accumulated Depreciation 2,628     2,628  
Total real estate, net 67,180 0   67,180  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | AVA Ballston          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 344     344  
Initial Cost          
Land and Improvements $ 7,291     $ 7,291  
Building / Construction in Progress & Improvements 29,177     29,177  
Costs Subsequent to Acquisition / Construction 27,866     27,866  
Total Cost          
Land and Improvements 7,291     7,291  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 57,043     57,043  
Total 64,334     64,334  
Accumulated Depreciation 37,278     37,278  
Total real estate, net 27,056 25,808   27,056  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | Avalon Newcastle Commons II          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 293     293  
Initial Cost          
Land and Improvements $ 6,981     $ 6,981  
Building / Construction in Progress & Improvements 99,814     99,814  
Costs Subsequent to Acquisition / Construction 146     146  
Total Cost          
Land and Improvements 6,981     6,981  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 99,960     99,960  
Total 106,941     106,941  
Accumulated Depreciation 6,668     6,668  
Total real estate, net 100,273 103,269   100,273  
Encumbrances $ 0     $ 0  
Other Stabilized Communities | eaves Redmond Campus          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 374     374  
Initial Cost          
Land and Improvements $ 15,665     $ 15,665  
Building / Construction in Progress & Improvements 80,985     80,985  
Costs Subsequent to Acquisition / Construction 32,991     32,991  
Total Cost          
Land and Improvements 15,665     15,665  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 113,976     113,976  
Total 129,641     129,641  
Accumulated Depreciation 42,785     42,785  
Total real estate, net 86,856 91,035   86,856  
Encumbrances 0     0  
Other Stabilized Communities | The Park Loggia          
Initial Cost          
Land and Improvements 77,393     77,393  
Building / Construction in Progress & Improvements 76,410     76,410  
Costs Subsequent to Acquisition / Construction 8,057     8,057  
Total Cost          
Land and Improvements 77,393     77,393  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 84,467     84,467  
Total 161,860     161,860  
Accumulated Depreciation 9,567     9,567  
Total real estate, net 152,293 148,963   152,293  
Encumbrances $ 0     $ 0  
Redevelopment Communities          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 714     714  
Initial Cost          
Land and Improvements $ 71,640     $ 71,640  
Building / Construction in Progress & Improvements 215,937     215,937  
Costs Subsequent to Acquisition / Construction 49,986     49,986  
Total Cost          
Land and Improvements 71,640     71,640  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 265,923     265,923  
Total 337,563     337,563  
Accumulated Depreciation 93,837     93,837  
Total real estate, net 243,726 246,835   243,726  
Encumbrances $ 0     $ 0  
Redevelopment Communities | AVA Ballston Square          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 714     714  
Initial Cost          
Land and Improvements $ 71,640     $ 71,640  
Building / Construction in Progress & Improvements 215,937     215,937  
Costs Subsequent to Acquisition / Construction 49,986     49,986  
Total Cost          
Land and Improvements 71,640     71,640  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 265,923     265,923  
Total 337,563     337,563  
Accumulated Depreciation 93,837     93,837  
Total real estate, net 243,726 246,835   243,726  
Encumbrances $ 0     $ 0  
Development Communities          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 7,675     7,675  
Initial Cost          
Land and Improvements $ 173,393     $ 173,393  
Building / Construction in Progress & Improvements   794,902      
Costs Subsequent to Acquisition / Construction 994,650     994,650  
Total Cost          
Land and Improvements 173,393     173,393  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 1,789,552     1,789,552  
Total 1,962,945     1,962,945  
Accumulated Depreciation 33,775     33,775  
Total real estate, net 1,929,170 1,177,415   1,929,170  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Brea Place          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 653     653  
Initial Cost          
Land and Improvements $ 72,921     $ 72,921  
Building / Construction in Progress & Improvements 218,116     218,116  
Costs Subsequent to Acquisition / Construction 37     37  
Total Cost          
Land and Improvements 72,921     72,921  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 218,153     218,153  
Total 291,074     291,074  
Accumulated Depreciation 8,655     8,655  
Total real estate, net 282,419 275,832   282,419  
Encumbrances $ 0     $ 0  
Development Communities | AVA RiNo          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 246     246  
Initial Cost          
Land and Improvements $ 15,152     $ 15,152  
Building / Construction in Progress & Improvements 71,467     71,467  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 15,152     15,152  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 71,467     71,467  
Total 86,619     86,619  
Accumulated Depreciation 2,586     2,586  
Total real estate, net 84,033 79,421   84,033  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Woburn          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 350     350  
Initial Cost          
Land and Improvements $ 21,559     $ 21,559  
Building / Construction in Progress & Improvements 97,381     97,381  
Costs Subsequent to Acquisition / Construction 766     766  
Total Cost          
Land and Improvements 21,559     21,559  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 98,147     98,147  
Total 119,706     119,706  
Accumulated Depreciation 4,276     4,276  
Total real estate, net 115,430 114,536   115,430  
Encumbrances $ 0     $ 0  
Development Communities | Avalon 555 President          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 400     400  
Initial Cost          
Land and Improvements $ 13,168     $ 13,168  
Building / Construction in Progress & Improvements 121,428     121,428  
Costs Subsequent to Acquisition / Construction 5     5  
Total Cost          
Land and Improvements 13,168     13,168  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 121,433     121,433  
Total 134,601     134,601  
Accumulated Depreciation 9,583     9,583  
Total real estate, net 125,018 128,827   125,018  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Foundry Row          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 437     437  
Initial Cost          
Land and Improvements $ 11,130     $ 11,130  
Building / Construction in Progress & Improvements 85,522     85,522  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 11,130     11,130  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 85,522     85,522  
Total 96,652     96,652  
Accumulated Depreciation 5,041     5,041  
Total real estate, net 91,611 90,477   91,611  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Harbor Isle          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 172     172  
Initial Cost          
Land and Improvements $ 16,472     $ 16,472  
Building / Construction in Progress & Improvements 74,051     74,051  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 16,472     16,472  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 74,051     74,051  
Total 90,523     90,523  
Accumulated Depreciation 861     861  
Total real estate, net 89,662 54,379   89,662  
Encumbrances $ 0     $ 0  
Development Communities | Avalon West Dublin          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 499     499  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 157,784     157,784  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 157,784     157,784  
Total 157,784     157,784  
Accumulated Depreciation 0     0  
Total real estate, net 157,784 55,994   157,784  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Westminster Promenade          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 312     312  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 48,830     48,830  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 48,830     48,830  
Total 48,830     48,830  
Accumulated Depreciation 0     0  
Total real estate, net 48,830 22,949   48,830  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Governor's Park          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 304     304  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 44,987     44,987  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 44,987     44,987  
Total 44,987     44,987  
Accumulated Depreciation 0     0  
Total real estate, net 44,987 0   44,987  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Merrick Park          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 254     254  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 85,052     85,052  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 85,052     85,052  
Total 85,052     85,052  
Accumulated Depreciation 0     0  
Total real estate, net 85,052 42,274   85,052  
Encumbrances $ 0     $ 0  
Development Communities | Avalon North Andover          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 221     221  
Initial Cost          
Land and Improvements $ 5,233     $ 5,233  
Building / Construction in Progress & Improvements 24,795     24,795  
Costs Subsequent to Acquisition / Construction 29,564     29,564  
Total Cost          
Land and Improvements 5,233     5,233  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 54,359     54,359  
Total 59,592     59,592  
Accumulated Depreciation 144     144  
Total real estate, net 59,448 22,363   59,448  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Brighton          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 180     180  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 76,197     76,197  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 76,197     76,197  
Total 76,197     76,197  
Accumulated Depreciation 0     0  
Total real estate, net 76,197 29,586   76,197  
Encumbrances $ 0     $ 0  
Development Communities | Kanso Milford          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 162     162  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 15,540     15,540  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 15,540     15,540  
Total 15,540     15,540  
Accumulated Depreciation 0     0  
Total real estate, net 15,540 0   15,540  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Annapolis          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 508     508  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 66,119     66,119  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 66,119     66,119  
Total 66,119     66,119  
Accumulated Depreciation 0     0  
Total real estate, net 66,119 0   66,119  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Durham          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 336     336  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 33,214     33,214  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 33,214     33,214  
Total 33,214     33,214  
Accumulated Depreciation 0     0  
Total real estate, net 33,214 0   33,214  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Montville          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 349     349  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 49,944     49,944  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 49,944     49,944  
Total 49,944     49,944  
Accumulated Depreciation 0     0  
Total real estate, net 49,944 16,790   49,944  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Somerville Station          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 374     374  
Initial Cost          
Land and Improvements $ 9,535     $ 9,535  
Building / Construction in Progress & Improvements 57,837     57,837  
Costs Subsequent to Acquisition / Construction 31,829     31,829  
Total Cost          
Land and Improvements 9,535     9,535  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 89,666     89,666  
Total 99,201     99,201  
Accumulated Depreciation 731     731  
Total real estate, net 98,470 52,998   98,470  
Encumbrances $ 0     $ 0  
Development Communities | Avalon West Windsor          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 535     535  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 30,097     30,097  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 30,097     30,097  
Total 30,097     30,097  
Accumulated Depreciation 0     0  
Total real estate, net 30,097 0   30,097  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Princeton Circle          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 221     221  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 42,622     42,622  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 42,622     42,622  
Total 42,622     42,622  
Accumulated Depreciation 0     0  
Total real estate, net 42,622 16,521   42,622  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Harrison          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 143     143  
Initial Cost          
Land and Improvements $ 8,223     $ 8,223  
Building / Construction in Progress & Improvements 44,305     44,305  
Costs Subsequent to Acquisition / Construction 30,234     30,234  
Total Cost          
Land and Improvements 8,223     8,223  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 74,539     74,539  
Total 82,762     82,762  
Accumulated Depreciation 1,898     1,898  
Total real estate, net 80,864 64,175   80,864  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Amityville          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 338     338  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 81,899     81,899  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 81,899     81,899  
Total 81,899     81,899  
Accumulated Depreciation 0     0  
Total real estate, net 81,899 45,239   81,899  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Bothell Commons          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 467     467  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 126,331     126,331  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 126,331     126,331  
Total 126,331     126,331  
Accumulated Depreciation 0     0  
Total real estate, net 126,331 51,690   126,331  
Encumbrances $ 0     $ 0  
Development Communities | Avalon Redmond Campus          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 214     214  
Initial Cost          
Land and Improvements $ 0     $ 0  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 43,599     43,599  
Total Cost          
Land and Improvements 0     0  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 43,599     43,599  
Total 43,599     43,599  
Accumulated Depreciation 0     0  
Total real estate, net 43,599 13,364   43,599  
Encumbrances 0     0  
Land Held for Development          
Initial Cost          
Land and Improvements 179,204     179,204  
Building / Construction in Progress & Improvements 0     0  
Costs Subsequent to Acquisition / Construction 0     0  
Total Cost          
Land and Improvements 179,204     179,204  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 0     0  
Total 179,204     179,204  
Accumulated Depreciation 0     0  
Total real estate, net 179,204 147,546   179,204  
Encumbrances 0     0  
Corporate Overhead          
Initial Cost          
Land and Improvements 9,319     9,319  
Building / Construction in Progress & Improvements 11,414     11,414  
Costs Subsequent to Acquisition / Construction 117,594     117,594  
Total Cost          
Land and Improvements 9,319     9,319  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 129,008     129,008  
Total 138,327     138,327  
Accumulated Depreciation 77,425     77,425  
Total real estate, net 60,902 60,680   60,902  
Encumbrances 7,650,000     7,650,000  
For-Sale Condominium Inventory          
Initial Cost          
Land and Improvements 15,918     15,918  
Building / Construction in Progress & Improvements 235,574     235,574  
Costs Subsequent to Acquisition / Construction (218,960)     (218,960)  
Total Cost          
Land and Improvements 15,918     15,918  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount 16,614     16,614  
Total 32,532     32,532  
Accumulated Depreciation 0     0  
Total real estate, net 32,532 146,535   32,532  
Encumbrances $ 0     $ 0  
Wholly owned properties          
Real Estate and Accumulated Depreciation          
Number of units in real estate property | home 85,753     85,753  
2022 Disposals          
Total Cost          
Total real estate, net   $ 364,437      
Unsecured notes          
Total Cost          
Deferred financing costs and debt discount associated with unsecured and secured notes $ 47,695     $ 47,695  
Secured notes          
Total Cost          
Deferred financing costs and debt discount associated with unsecured and secured notes $ 14,087     $ 14,087