REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) $ in Thousands	Dec. 31, 2023 USD ($) home	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	90,669
Initial Cost
Land and Improvements	$ 4,919,393
Building / Construction in Progress & Improvements	18,019,148
Costs Subsequent to Acquisition / Construction	3,991,921
Total Cost
Land and Improvements	4,919,393
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	22,011,069
Total	26,930,462	$ 25,871,363	$ 24,927,305	$ 23,962,222
Accumulated Depreciation	7,557,614	6,878,556	$ 6,217,721	$ 5,728,440
Total real estate, net	19,372,848	18,992,807
Encumbrances	8,044,042
Deferred financing costs and debt discount associated with unsecured and secured notes	$ 62,220	61,782
Current Communities
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	80,318
Initial Cost
Land and Improvements	$ 4,581,984
Building / Construction in Progress & Improvements	17,293,190
Costs Subsequent to Acquisition / Construction	2,646,701
Total Cost
Land and Improvements	4,581,984
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	19,939,891
Total	24,521,875
Accumulated Depreciation	7,451,427
Total real estate, net	17,070,448	17,364,971
Encumbrances	$ 744,042
Current Communities | Avalon at Lexington
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	198
Initial Cost
Land and Improvements	$ 2,124
Building / Construction in Progress & Improvements	12,561
Costs Subsequent to Acquisition / Construction	16,103
Total Cost
Land and Improvements	2,124
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	28,664
Total	30,788
Accumulated Depreciation	21,263
Total real estate, net	9,525	8,586
Encumbrances	$ 0
Current Communities | eaves Wilmington
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	204
Initial Cost
Land and Improvements	$ 2,129
Building / Construction in Progress & Improvements	17,563
Costs Subsequent to Acquisition / Construction	10,350
Total Cost
Land and Improvements	2,129
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	27,913
Total	30,042
Accumulated Depreciation	20,505
Total real estate, net	9,537	9,960
Encumbrances	$ 0
Current Communities | eaves Quincy
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	245
Initial Cost
Land and Improvements	$ 1,743
Building / Construction in Progress & Improvements	14,662
Costs Subsequent to Acquisition / Construction	16,934
Total Cost
Land and Improvements	1,743
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	31,596
Total	33,339
Accumulated Depreciation	22,326
Total real estate, net	11,013	11,327
Encumbrances	$ 0
Current Communities | eaves Wilmington West
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	120
Initial Cost
Land and Improvements	$ 3,318
Building / Construction in Progress & Improvements	13,465
Costs Subsequent to Acquisition / Construction	5,145
Total Cost
Land and Improvements	3,318
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	18,610
Total	21,928
Accumulated Depreciation	12,654
Total real estate, net	9,274	9,360
Encumbrances	$ 0
Current Communities | Avalon at The Pinehills
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	192
Initial Cost
Land and Improvements	$ 6,876
Building / Construction in Progress & Improvements	30,313
Costs Subsequent to Acquisition / Construction	9,652
Total Cost
Land and Improvements	6,876
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	39,965
Total	46,841
Accumulated Depreciation	21,752
Total real estate, net	25,089	25,832
Encumbrances	$ 0
Current Communities | eaves Peabody
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	286
Initial Cost
Land and Improvements	$ 4,645
Building / Construction in Progress & Improvements	18,919
Costs Subsequent to Acquisition / Construction	17,202
Total Cost
Land and Improvements	4,645
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	36,121
Total	40,766
Accumulated Depreciation	22,253
Total real estate, net	18,513	19,726
Encumbrances	$ 0
Current Communities | Avalon at Bedford Center
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	139
Initial Cost
Land and Improvements	$ 4,258
Building / Construction in Progress & Improvements	20,551
Costs Subsequent to Acquisition / Construction	6,060
Total Cost
Land and Improvements	4,258
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	26,611
Total	30,869
Accumulated Depreciation	17,272
Total real estate, net	13,597	14,919
Encumbrances	$ 0
Current Communities | Avalon at Chestnut Hill
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	204
Initial Cost
Land and Improvements	$ 14,572
Building / Construction in Progress & Improvements	45,868
Costs Subsequent to Acquisition / Construction	15,868
Total Cost
Land and Improvements	14,572
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	61,736
Total	76,308
Accumulated Depreciation	33,909
Total real estate, net	42,399	43,505
Encumbrances	$ 0
Current Communities | Avalon at Lexington Hills
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	387
Initial Cost
Land and Improvements	$ 8,691
Building / Construction in Progress & Improvements	78,502
Costs Subsequent to Acquisition / Construction	18,246
Total Cost
Land and Improvements	8,691
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	96,748
Total	105,439
Accumulated Depreciation	56,017
Total real estate, net	49,422	53,457
Encumbrances	$ 0
Current Communities | Avalon Acton
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	380
Initial Cost
Land and Improvements	$ 13,124
Building / Construction in Progress & Improvements	48,630
Costs Subsequent to Acquisition / Construction	13,026
Total Cost
Land and Improvements	13,124
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	61,656
Total	74,780
Accumulated Depreciation	32,568
Total real estate, net	42,212	44,469
Encumbrances	$ 45,000
Current Communities | Avalon at the Hingham Shipyard
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	235
Initial Cost
Land and Improvements	$ 12,218
Building / Construction in Progress & Improvements	41,516
Costs Subsequent to Acquisition / Construction	14,550
Total Cost
Land and Improvements	12,218
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	56,066
Total	68,284
Accumulated Depreciation	31,342
Total real estate, net	36,942	39,025
Encumbrances	$ 0
Current Communities | Avalon Acton II [Member]
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	86
Initial Cost
Land and Improvements	$ 1,723
Building / Construction in Progress & Improvements	29,375
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	1,723
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	29,375
Total	31,098
Accumulated Depreciation	3,506
Total real estate, net	27,592	28,638
Encumbrances	$ 0
Current Communities | Avalon Northborough
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	382
Initial Cost
Land and Improvements	$ 8,144
Building / Construction in Progress & Improvements	52,178
Costs Subsequent to Acquisition / Construction	9,474
Total Cost
Land and Improvements	8,144
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	61,652
Total	69,796
Accumulated Depreciation	29,937
Total real estate, net	39,859	41,103
Encumbrances	$ 0
Current Communities | Avalon Exeter
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	187
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	109,978
Costs Subsequent to Acquisition / Construction	3,501
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	113,479
Total	113,479
Accumulated Depreciation	37,241
Total real estate, net	76,238	78,840
Encumbrances	$ 0
Current Communities | Avalon Natick
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	407
Initial Cost
Land and Improvements	$ 15,645
Building / Construction in Progress & Improvements	64,845
Costs Subsequent to Acquisition / Construction	4,822
Total Cost
Land and Improvements	15,645
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	69,667
Total	85,312
Accumulated Depreciation	25,323
Total real estate, net	59,989	61,683
Encumbrances	$ 0
Current Communities | Avalon at Assembly Row
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	195
Initial Cost
Land and Improvements	$ 8,599
Building / Construction in Progress & Improvements	52,454
Costs Subsequent to Acquisition / Construction	8,815
Total Cost
Land and Improvements	8,599
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	61,269
Total	69,868
Accumulated Depreciation	21,508
Total real estate, net	48,360	48,141
Encumbrances	$ 0
Current Communities | AVA Somerville
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	250
Initial Cost
Land and Improvements	$ 10,944
Building / Construction in Progress & Improvements	56,457
Costs Subsequent to Acquisition / Construction	7,899
Total Cost
Land and Improvements	10,944
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	64,356
Total	75,300
Accumulated Depreciation	22,806
Total real estate, net	52,494	53,785
Encumbrances	$ 0
Current Communities | AVA Back Bay
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	271
Initial Cost
Land and Improvements	$ 9,034
Building / Construction in Progress & Improvements	36,536
Costs Subsequent to Acquisition / Construction	53,129
Total Cost
Land and Improvements	9,034
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	89,665
Total	98,699
Accumulated Depreciation	53,387
Total real estate, net	45,312	48,193
Encumbrances	$ 0
Current Communities | Avalon Prudential Center II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	266
Initial Cost
Land and Improvements	$ 8,776
Building / Construction in Progress & Improvements	35,479
Costs Subsequent to Acquisition / Construction	65,718
Total Cost
Land and Improvements	8,776
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	101,197
Total	109,973
Accumulated Depreciation	54,744
Total real estate, net	55,229	58,882
Encumbrances	$ 0
Current Communities | Avalon at Prudential Center I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	243
Initial Cost
Land and Improvements	$ 8,002
Building / Construction in Progress & Improvements	32,349
Costs Subsequent to Acquisition / Construction	57,378
Total Cost
Land and Improvements	8,002
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	89,727
Total	97,729
Accumulated Depreciation	47,794
Total real estate, net	49,935	53,395
Encumbrances	$ 0
Current Communities | eaves Burlington
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	203
Initial Cost
Land and Improvements	$ 7,714
Building / Construction in Progress & Improvements	32,499
Costs Subsequent to Acquisition / Construction	10,087
Total Cost
Land and Improvements	7,714
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	42,586
Total	50,300
Accumulated Depreciation	16,673
Total real estate, net	33,627	35,005
Encumbrances	$ 0
Current Communities | AVA Theater District
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	398
Initial Cost
Land and Improvements	$ 17,072
Building / Construction in Progress & Improvements	163,622
Costs Subsequent to Acquisition / Construction	978
Total Cost
Land and Improvements	17,072
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	164,600
Total	181,672
Accumulated Depreciation	47,828
Total real estate, net	133,844	139,145
Encumbrances	$ 0
Current Communities | Avalon Burlington
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	312
Initial Cost
Land and Improvements	$ 15,600
Building / Construction in Progress & Improvements	60,649
Costs Subsequent to Acquisition / Construction	20,068
Total Cost
Land and Improvements	15,600
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	80,717
Total	96,317
Accumulated Depreciation	30,573
Total real estate, net	65,744	67,529
Encumbrances	$ 0
Current Communities | Avalon Marlborough
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	350
Initial Cost
Land and Improvements	$ 15,367
Building / Construction in Progress & Improvements	60,338
Costs Subsequent to Acquisition / Construction	3,153
Total Cost
Land and Improvements	15,367
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	63,491
Total	78,858
Accumulated Depreciation	19,027
Total real estate, net	59,831	60,938
Encumbrances	$ 0
Current Communities | Avalon North Station
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	503
Initial Cost
Land and Improvements	$ 22,796
Building / Construction in Progress & Improvements	247,270
Costs Subsequent to Acquisition / Construction	966
Total Cost
Land and Improvements	22,796
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	248,236
Total	271,032
Accumulated Depreciation	58,323
Total real estate, net	212,709	221,269
Encumbrances	$ 0
Current Communities | Avalon Framingham
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	180
Initial Cost
Land and Improvements	$ 9,315
Building / Construction in Progress & Improvements	34,604
Costs Subsequent to Acquisition / Construction	620
Total Cost
Land and Improvements	9,315
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	35,224
Total	44,539
Accumulated Depreciation	10,319
Total real estate, net	34,220	35,348
Encumbrances	$ 0
Current Communities | Avalon Quincy
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	395
Initial Cost
Land and Improvements	$ 14,694
Building / Construction in Progress & Improvements	79,655
Costs Subsequent to Acquisition / Construction	1,287
Total Cost
Land and Improvements	14,694
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	80,942
Total	95,636
Accumulated Depreciation	20,519
Total real estate, net	75,117	77,107
Encumbrances	$ 0
Current Communities | Avalon Easton
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	290
Initial Cost
Land and Improvements	$ 3,170
Building / Construction in Progress & Improvements	60,785
Costs Subsequent to Acquisition / Construction	1,674
Total Cost
Land and Improvements	3,170
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	62,459
Total	65,629
Accumulated Depreciation	14,815
Total real estate, net	50,814	51,690
Encumbrances	$ 0
Current Communities | Avalon at the Hingham Shipyard II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	190
Initial Cost
Land and Improvements	$ 8,998
Building / Construction in Progress & Improvements	55,366
Costs Subsequent to Acquisition / Construction	971
Total Cost
Land and Improvements	8,998
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	56,337
Total	65,335
Accumulated Depreciation	11,244
Total real estate, net	54,091	55,416
Encumbrances	$ 0
Current Communities | Avalon Sudbury
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	250
Initial Cost
Land and Improvements	$ 20,278
Building / Construction in Progress & Improvements	66,509
Costs Subsequent to Acquisition / Construction	1,033
Total Cost
Land and Improvements	20,278
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	67,542
Total	87,820
Accumulated Depreciation	14,066
Total real estate, net	73,754	75,492
Encumbrances	$ 0
Current Communities | Avalon Saugus
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	280
Initial Cost
Land and Improvements	$ 17,809
Building / Construction in Progress & Improvements	72,196
Costs Subsequent to Acquisition / Construction	1,519
Total Cost
Land and Improvements	17,809
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	73,715
Total	91,524
Accumulated Depreciation	13,075
Total real estate, net	78,449	81,490
Encumbrances	$ 0
Current Communities | Avalon Norwood
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	198
Initial Cost
Land and Improvements	$ 9,478
Building / Construction in Progress & Improvements	51,215
Costs Subsequent to Acquisition / Construction	830
Total Cost
Land and Improvements	9,478
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	52,045
Total	61,523
Accumulated Depreciation	8,580
Total real estate, net	52,943	55,163
Encumbrances	$ 0
Current Communities | Avalon Marlborough II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	123
Initial Cost
Land and Improvements	$ 5,523
Building / Construction in Progress & Improvements	36,367
Costs Subsequent to Acquisition / Construction	63
Total Cost
Land and Improvements	5,523
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	36,430
Total	41,953
Accumulated Depreciation	4,610
Total real estate, net	37,343	38,727
Encumbrances	$ 0
Current Communities | Avalon Easton II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	44
Initial Cost
Land and Improvements	$ 570
Building / Construction in Progress & Improvements	14,090
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	570
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	14,090
Total	14,660
Accumulated Depreciation	1,154
Total real estate, net	13,506	13,974
Encumbrances	$ 0
Current Communities | AVA North Point
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	265
Initial Cost
Land and Improvements	$ 31,263
Building / Construction in Progress & Improvements	81,196
Costs Subsequent to Acquisition / Construction	2,918
Total Cost
Land and Improvements	31,263
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	84,114
Total	115,377
Accumulated Depreciation	16,019
Total real estate, net	99,358	102,594
Encumbrances	$ 0
Current Communities | Avalon Bear Hill
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	324
Initial Cost
Land and Improvements	$ 27,350
Building / Construction in Progress & Improvements	93,977
Costs Subsequent to Acquisition / Construction	31,975
Total Cost
Land and Improvements	27,350
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	125,952
Total	153,302
Accumulated Depreciation	51,236
Total real estate, net	102,066	105,728
Encumbrances	$ 0
Current Communities | Avalon Wilton on River Rd
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	102
Initial Cost
Land and Improvements	$ 2,116
Building / Construction in Progress & Improvements	14,664
Costs Subsequent to Acquisition / Construction	8,311
Total Cost
Land and Improvements	2,116
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	22,975
Total	25,091
Accumulated Depreciation	17,406
Total real estate, net	7,685	7,957
Encumbrances	$ 0
Current Communities | Avalon New Canaan
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	104
Initial Cost
Land and Improvements	$ 4,834
Building / Construction in Progress & Improvements	22,990
Costs Subsequent to Acquisition / Construction	7,025
Total Cost
Land and Improvements	4,834
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	30,015
Total	34,849
Accumulated Depreciation	20,407
Total real estate, net	14,442	15,576
Encumbrances	$ 0
Current Communities | Avalon Darien
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	189
Initial Cost
Land and Improvements	$ 6,926
Building / Construction in Progress & Improvements	34,558
Costs Subsequent to Acquisition / Construction	9,816
Total Cost
Land and Improvements	6,926
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	44,374
Total	51,300
Accumulated Depreciation	28,383
Total real estate, net	22,917	24,498
Encumbrances	$ 0
Current Communities | Avalon Riverview
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	372
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	94,061
Costs Subsequent to Acquisition / Construction	16,257
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	110,318
Total	110,318
Accumulated Depreciation	79,750
Total real estate, net	30,568	32,981
Encumbrances	$ 0
Current Communities | Avalon Riverview North
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	602
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	165,932
Costs Subsequent to Acquisition / Construction	19,104
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	185,036
Total	185,036
Accumulated Depreciation	98,183
Total real estate, net	86,853	91,224
Encumbrances	$ 0
Current Communities | AVA Fort Greene
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	631
Initial Cost
Land and Improvements	$ 83,038
Building / Construction in Progress & Improvements	216,802
Costs Subsequent to Acquisition / Construction	11,298
Total Cost
Land and Improvements	83,038
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	228,100
Total	311,138
Accumulated Depreciation	106,100
Total real estate, net	205,038	212,356
Encumbrances	$ 0
Current Communities | AVA DoBro
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	500
Initial Cost
Land and Improvements	$ 76,127
Building / Construction in Progress & Improvements	206,762
Costs Subsequent to Acquisition / Construction	1,177
Total Cost
Land and Improvements	76,127
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	207,939
Total	284,066
Accumulated Depreciation	56,879
Total real estate, net	227,187	233,948
Encumbrances	$ 0
Current Communities | Avalon Willoughby Square
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	326
Initial Cost
Land and Improvements	$ 49,635
Building / Construction in Progress & Improvements	134,840
Costs Subsequent to Acquisition / Construction	1,056
Total Cost
Land and Improvements	49,635
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	135,896
Total	185,531
Accumulated Depreciation	35,122
Total real estate, net	150,409	155,056
Encumbrances	$ 0
Current Communities | Avalon Brooklyn Bay
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	180
Initial Cost
Land and Improvements	$ 9,690
Building / Construction in Progress & Improvements	84,361
Costs Subsequent to Acquisition / Construction	651
Total Cost
Land and Improvements	9,690
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	85,012
Total	94,702
Accumulated Depreciation	19,809
Total real estate, net	74,893	77,480
Encumbrances	$ 0
Current Communities | Avalon Midtown West
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	550
Initial Cost
Land and Improvements	$ 154,730
Building / Construction in Progress & Improvements	180,253
Costs Subsequent to Acquisition / Construction	53,204
Total Cost
Land and Improvements	154,730
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	233,457
Total	388,187
Accumulated Depreciation	86,980
Total real estate, net	301,207	306,317
Encumbrances	$ 76,600
Current Communities | Avalon Clinton North
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	339
Initial Cost
Land and Improvements	$ 84,069
Building / Construction in Progress & Improvements	105,821
Costs Subsequent to Acquisition / Construction	16,843
Total Cost
Land and Improvements	84,069
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	122,664
Total	206,733
Accumulated Depreciation	48,156
Total real estate, net	158,577	161,998
Encumbrances	$ 126,400
Current Communities | Avalon Clinton South
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	288
Initial Cost
Land and Improvements	$ 71,421
Building / Construction in Progress & Improvements	89,851
Costs Subsequent to Acquisition / Construction	10,527
Total Cost
Land and Improvements	71,421
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	100,378
Total	171,799
Accumulated Depreciation	40,507
Total real estate, net	131,292	133,537
Encumbrances	$ 104,500
Current Communities | Avalon Commons
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	312
Initial Cost
Land and Improvements	$ 4,679
Building / Construction in Progress & Improvements	27,811
Costs Subsequent to Acquisition / Construction	14,400
Total Cost
Land and Improvements	4,679
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	42,211
Total	46,890
Accumulated Depreciation	32,309
Total real estate, net	14,581	16,263
Encumbrances	$ 0
Current Communities | Avalon Melville
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	494
Initial Cost
Land and Improvements	$ 9,228
Building / Construction in Progress & Improvements	50,059
Costs Subsequent to Acquisition / Construction	25,486
Total Cost
Land and Improvements	9,228
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	75,545
Total	84,773
Accumulated Depreciation	54,955
Total real estate, net	29,818	31,352
Encumbrances	$ 0
Current Communities | Avalon White Plains
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	407
Initial Cost
Land and Improvements	$ 15,391
Building / Construction in Progress & Improvements	137,312
Costs Subsequent to Acquisition / Construction	3,294
Total Cost
Land and Improvements	15,391
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	140,606
Total	155,997
Accumulated Depreciation	70,419
Total real estate, net	85,578	90,111
Encumbrances	$ 0
Current Communities | Avalon Rockville Centre I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	349
Initial Cost
Land and Improvements	$ 32,212
Building / Construction in Progress & Improvements	78,806
Costs Subsequent to Acquisition / Construction	7,508
Total Cost
Land and Improvements	32,212
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	86,314
Total	118,526
Accumulated Depreciation	38,463
Total real estate, net	80,063	83,041
Encumbrances	$ 0
Current Communities | Avalon Garden City
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	204
Initial Cost
Land and Improvements	$ 18,205
Building / Construction in Progress & Improvements	49,301
Costs Subsequent to Acquisition / Construction	2,054
Total Cost
Land and Improvements	18,205
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	51,355
Total	69,560
Accumulated Depreciation	20,281
Total real estate, net	49,279	50,691
Encumbrances	$ 0
Current Communities | Avalon Huntington Station
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	303
Initial Cost
Land and Improvements	$ 21,899
Building / Construction in Progress & Improvements	58,429
Costs Subsequent to Acquisition / Construction	2,514
Total Cost
Land and Improvements	21,899
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	60,943
Total	82,842
Accumulated Depreciation	19,870
Total real estate, net	62,972	64,277
Encumbrances	$ 0
Current Communities | Avalon Great Neck
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	191
Initial Cost
Land and Improvements	$ 14,777
Building / Construction in Progress & Improvements	65,412
Costs Subsequent to Acquisition / Construction	496
Total Cost
Land and Improvements	14,777
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	65,908
Total	80,685
Accumulated Depreciation	16,352
Total real estate, net	64,333	66,230
Encumbrances	$ 0
Current Communities | Avalon Rockville Centre II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	165
Initial Cost
Land and Improvements	$ 7,534
Building / Construction in Progress & Improvements	50,981
Costs Subsequent to Acquisition / Construction	635
Total Cost
Land and Improvements	7,534
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	51,616
Total	59,150
Accumulated Depreciation	12,392
Total real estate, net	46,758	47,759
Encumbrances	$ 0
Current Communities | Avalon Somers
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	152
Initial Cost
Land and Improvements	$ 5,608
Building / Construction in Progress & Improvements	40,591
Costs Subsequent to Acquisition / Construction	24
Total Cost
Land and Improvements	5,608
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	40,615
Total	46,223
Accumulated Depreciation	9,644
Total real estate, net	36,579	37,893
Encumbrances	$ 0
Current Communities | Avalon Yonkers [Member]
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	590
Initial Cost
Land and Improvements	$ 28,267
Building / Construction in Progress & Improvements	172,681
Costs Subsequent to Acquisition / Construction	57
Total Cost
Land and Improvements	28,267
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	172,738
Total	201,005
Accumulated Depreciation	22,948
Total real estate, net	178,057	198,438
Encumbrances	$ 0
Current Communities | Avalon Westbury
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	396
Initial Cost
Land and Improvements	$ 69,620
Building / Construction in Progress & Improvements	43,736
Costs Subsequent to Acquisition / Construction	19,688
Total Cost
Land and Improvements	69,620
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	63,424
Total	133,044
Accumulated Depreciation	31,659
Total real estate, net	101,385	100,559
Encumbrances	$ 0
Current Communities | Avalon Cove
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	504
Initial Cost
Land and Improvements	$ 8,760
Building / Construction in Progress & Improvements	82,422
Costs Subsequent to Acquisition / Construction	33,937
Total Cost
Land and Improvements	8,760
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	116,359
Total	125,119
Accumulated Depreciation	91,946
Total real estate, net	33,173	37,018
Encumbrances	$ 0
Current Communities | eaves West Windsor
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	512
Initial Cost
Land and Improvements	$ 5,585
Building / Construction in Progress & Improvements	21,752
Costs Subsequent to Acquisition / Construction	35,761
Total Cost
Land and Improvements	5,585
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	57,513
Total	63,098
Accumulated Depreciation	38,599
Total real estate, net	24,499	25,852
Encumbrances	$ 0
Current Communities | Avalon at Edgewater I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	168
Initial Cost
Land and Improvements	$ 5,982
Building / Construction in Progress & Improvements	24,389
Costs Subsequent to Acquisition / Construction	11,248
Total Cost
Land and Improvements	5,982
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	35,637
Total	41,619
Accumulated Depreciation	24,235
Total real estate, net	17,384	18,548
Encumbrances	$ 0
Current Communities | Avalon at Florham Park
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	270
Initial Cost
Land and Improvements	$ 6,647
Building / Construction in Progress & Improvements	34,906
Costs Subsequent to Acquisition / Construction	17,845
Total Cost
Land and Improvements	6,647
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	52,751
Total	59,398
Accumulated Depreciation	36,218
Total real estate, net	23,180	24,941
Encumbrances	$ 0
Current Communities | Avalon North Bergen
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	164
Initial Cost
Land and Improvements	$ 8,984
Building / Construction in Progress & Improvements	30,994
Costs Subsequent to Acquisition / Construction	1,493
Total Cost
Land and Improvements	8,984
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	32,487
Total	41,471
Accumulated Depreciation	13,173
Total real estate, net	28,298	29,364
Encumbrances	$ 0
Current Communities | Avalon at Wesmont Station I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	266
Initial Cost
Land and Improvements	$ 14,682
Building / Construction in Progress & Improvements	41,610
Costs Subsequent to Acquisition / Construction	4,354
Total Cost
Land and Improvements	14,682
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	45,964
Total	60,646
Accumulated Depreciation	18,513
Total real estate, net	42,133	43,071
Encumbrances	$ 0
Current Communities | Avalon Hackensack at Riverside
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	226
Initial Cost
Land and Improvements	$ 9,939
Building / Construction in Progress & Improvements	44,619
Costs Subsequent to Acquisition / Construction	2,329
Total Cost
Land and Improvements	9,939
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	46,948
Total	56,887
Accumulated Depreciation	17,376
Total real estate, net	39,511	41,169
Encumbrances	$ 0
Current Communities | Avalon at Wesmont Station II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	140
Initial Cost
Land and Improvements	$ 6,502
Building / Construction in Progress & Improvements	16,851
Costs Subsequent to Acquisition / Construction	856
Total Cost
Land and Improvements	6,502
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	17,707
Total	24,209
Accumulated Depreciation	6,685
Total real estate, net	17,524	18,010
Encumbrances	$ 0
Current Communities | Avalon Bloomingdale
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	174
Initial Cost
Land and Improvements	$ 3,006
Building / Construction in Progress & Improvements	27,801
Costs Subsequent to Acquisition / Construction	1,116
Total Cost
Land and Improvements	3,006
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	28,917
Total	31,923
Accumulated Depreciation	10,191
Total real estate, net	21,732	22,524
Encumbrances	$ 0
Current Communities | Avalon Wharton
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	247
Initial Cost
Land and Improvements	$ 2,273
Building / Construction in Progress & Improvements	48,609
Costs Subsequent to Acquisition / Construction	1,700
Total Cost
Land and Improvements	2,273
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	50,309
Total	52,582
Accumulated Depreciation	15,948
Total real estate, net	36,634	38,379
Encumbrances	$ 0
Current Communities | Avalon Bloomfield Station
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	224
Initial Cost
Land and Improvements	$ 10,701
Building / Construction in Progress & Improvements	36,430
Costs Subsequent to Acquisition / Construction	2,195
Total Cost
Land and Improvements	10,701
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	38,625
Total	49,326
Accumulated Depreciation	11,365
Total real estate, net	37,961	38,182
Encumbrances	$ 0
Current Communities | Avalon Roseland
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	136
Initial Cost
Land and Improvements	$ 11,288
Building / Construction in Progress & Improvements	34,868
Costs Subsequent to Acquisition / Construction	892
Total Cost
Land and Improvements	11,288
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	35,760
Total	47,048
Accumulated Depreciation	10,767
Total real estate, net	36,281	37,228
Encumbrances	$ 0
Current Communities | Avalon Princeton
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	280
Initial Cost
Land and Improvements	$ 26,461
Building / Construction in Progress & Improvements	68,003
Costs Subsequent to Acquisition / Construction	1,639
Total Cost
Land and Improvements	26,461
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	69,642
Total	96,103
Accumulated Depreciation	18,272
Total real estate, net	77,831	79,743
Encumbrances	$ 0
Current Communities | Avalon Union
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	202
Initial Cost
Land and Improvements	$ 11,695
Building / Construction in Progress & Improvements	36,315
Costs Subsequent to Acquisition / Construction	1,392
Total Cost
Land and Improvements	11,695
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	37,707
Total	49,402
Accumulated Depreciation	10,483
Total real estate, net	38,919	39,551
Encumbrances	$ 0
Current Communities | Avalon Hoboken
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	217
Initial Cost
Land and Improvements	$ 37,237
Building / Construction in Progress & Improvements	90,278
Costs Subsequent to Acquisition / Construction	7,624
Total Cost
Land and Improvements	37,237
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	97,902
Total	135,139
Accumulated Depreciation	32,649
Total real estate, net	102,490	105,557
Encumbrances	$ 0
Current Communities | Avalon Maplewood
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	235
Initial Cost
Land and Improvements	$ 15,179
Building / Construction in Progress & Improvements	49,425
Costs Subsequent to Acquisition / Construction	2,630
Total Cost
Land and Improvements	15,179
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	52,055
Total	67,234
Accumulated Depreciation	13,085
Total real estate, net	54,149	55,666
Encumbrances	$ 0
Current Communities | Avalon Boonton
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	350
Initial Cost
Land and Improvements	$ 3,595
Building / Construction in Progress & Improvements	89,407
Costs Subsequent to Acquisition / Construction	1,379
Total Cost
Land and Improvements	3,595
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	90,786
Total	94,381
Accumulated Depreciation	16,042
Total real estate, net	78,339	81,519
Encumbrances	$ 0
Current Communities | Avalon Teaneck
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	248
Initial Cost
Land and Improvements	$ 12,588
Building / Construction in Progress & Improvements	60,257
Costs Subsequent to Acquisition / Construction	89
Total Cost
Land and Improvements	12,588
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	60,346
Total	72,934
Accumulated Depreciation	10,161
Total real estate, net	62,773	65,193
Encumbrances	$ 0
Current Communities | Avalon Piscataway
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	360
Initial Cost
Land and Improvements	$ 14,329
Building / Construction in Progress & Improvements	75,897
Costs Subsequent to Acquisition / Construction	628
Total Cost
Land and Improvements	14,329
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	76,525
Total	90,854
Accumulated Depreciation	15,443
Total real estate, net	75,411	78,417
Encumbrances	$ 0
Current Communities | Avalon Old Bridge
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	252
Initial Cost
Land and Improvements	$ 6,895
Building / Construction in Progress & Improvements	64,907
Costs Subsequent to Acquisition / Construction	647
Total Cost
Land and Improvements	6,895
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	65,554
Total	72,449
Accumulated Depreciation	7,955
Total real estate, net	64,494	67,152
Encumbrances	$ 0
Current Communities | Avalon at Edgewater II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	240
Initial Cost
Land and Improvements	$ 8,605
Building / Construction in Progress & Improvements	60,809
Costs Subsequent to Acquisition / Construction	162
Total Cost
Land and Improvements	8,605
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	60,971
Total	69,576
Accumulated Depreciation	13,723
Total real estate, net	55,853	58,059
Encumbrances	$ 0
Current Communities | Avalon at Foxhall
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	308
Initial Cost
Land and Improvements	$ 6,848
Building / Construction in Progress & Improvements	27,614
Costs Subsequent to Acquisition / Construction	26,947
Total Cost
Land and Improvements	6,848
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	54,561
Total	61,409
Accumulated Depreciation	43,286
Total real estate, net	18,123	15,542
Encumbrances	$ 0
Current Communities | Avalon at Gallery Place
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	203
Initial Cost
Land and Improvements	$ 8,800
Building / Construction in Progress & Improvements	39,658
Costs Subsequent to Acquisition / Construction	6,850
Total Cost
Land and Improvements	8,800
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	46,508
Total	55,308
Accumulated Depreciation	31,375
Total real estate, net	23,933	24,523
Encumbrances	$ 0
Current Communities | AVA H Street
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	138
Initial Cost
Land and Improvements	$ 7,425
Building / Construction in Progress & Improvements	25,282
Costs Subsequent to Acquisition / Construction	759
Total Cost
Land and Improvements	7,425
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	26,041
Total	33,466
Accumulated Depreciation	10,132
Total real estate, net	23,334	23,824
Encumbrances	$ 0
Current Communities | Avalon The Albemarle
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	234
Initial Cost
Land and Improvements	$ 25,140
Building / Construction in Progress & Improvements	52,459
Costs Subsequent to Acquisition / Construction	11,231
Total Cost
Land and Improvements	25,140
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	63,690
Total	88,830
Accumulated Depreciation	27,955
Total real estate, net	60,875	62,715
Encumbrances	$ 0
Current Communities | eaves Tunlaw Gardens
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	166
Initial Cost
Land and Improvements	$ 16,430
Building / Construction in Progress & Improvements	22,902
Costs Subsequent to Acquisition / Construction	2,964
Total Cost
Land and Improvements	16,430
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	25,866
Total	42,296
Accumulated Depreciation	11,065
Total real estate, net	31,231	32,043
Encumbrances	$ 0
Current Communities | The Statesman
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	281
Initial Cost
Land and Improvements	$ 38,140
Building / Construction in Progress & Improvements	35,352
Costs Subsequent to Acquisition / Construction	7,359
Total Cost
Land and Improvements	38,140
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	42,711
Total	80,851
Accumulated Depreciation	18,980
Total real estate, net	61,871	62,825
Encumbrances	$ 0
Current Communities | eaves Glover Park
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	120
Initial Cost
Land and Improvements	$ 9,580
Building / Construction in Progress & Improvements	26,532
Costs Subsequent to Acquisition / Construction	2,912
Total Cost
Land and Improvements	9,580
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	29,444
Total	39,024
Accumulated Depreciation	12,826
Total real estate, net	26,198	27,160
Encumbrances	$ 0
Current Communities | AVA Van Ness
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	269
Initial Cost
Land and Improvements	$ 22,890
Building / Construction in Progress & Improvements	58,691
Costs Subsequent to Acquisition / Construction	25,666
Total Cost
Land and Improvements	22,890
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	84,357
Total	107,247
Accumulated Depreciation	30,746
Total real estate, net	76,501	78,188
Encumbrances	$ 0
Current Communities | Avalon First and M
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	469
Initial Cost
Land and Improvements	$ 43,700
Building / Construction in Progress & Improvements	153,950
Costs Subsequent to Acquisition / Construction	6,092
Total Cost
Land and Improvements	43,700
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	160,042
Total	203,742
Accumulated Depreciation	61,290
Total real estate, net	142,452	147,209
Encumbrances	$ 0
Current Communities | AVA NoMa
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	438
Initial Cost
Land and Improvements	$ 25,246
Building / Construction in Progress & Improvements	114,933
Costs Subsequent to Acquisition / Construction	1,743
Total Cost
Land and Improvements	25,246
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	116,676
Total	141,922
Accumulated Depreciation	30,359
Total real estate, net	111,563	114,529
Encumbrances	$ 0
Current Communities | eaves Washingtonian Center
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	288
Initial Cost
Land and Improvements	$ 4,047
Building / Construction in Progress & Improvements	18,553
Costs Subsequent to Acquisition / Construction	8,215
Total Cost
Land and Improvements	4,047
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	26,768
Total	30,815
Accumulated Depreciation	21,923
Total real estate, net	8,892	9,067
Encumbrances	$ 0
Current Communities | eaves Columbia Town Center
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	392
Initial Cost
Land and Improvements	$ 8,802
Building / Construction in Progress & Improvements	35,536
Costs Subsequent to Acquisition / Construction	16,343
Total Cost
Land and Improvements	8,802
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	51,879
Total	60,681
Accumulated Depreciation	31,903
Total real estate, net	28,778	29,195
Encumbrances	$ 0
Current Communities | Avalon at Grosvenor Station
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	497
Initial Cost
Land and Improvements	$ 29,159
Building / Construction in Progress & Improvements	52,993
Costs Subsequent to Acquisition / Construction	9,860
Total Cost
Land and Improvements	29,159
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	62,853
Total	92,012
Accumulated Depreciation	41,697
Total real estate, net	50,315	51,889
Encumbrances	$ 0
Current Communities | Avalon at Traville
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	520
Initial Cost
Land and Improvements	$ 14,365
Building / Construction in Progress & Improvements	55,398
Costs Subsequent to Acquisition / Construction	10,537
Total Cost
Land and Improvements	14,365
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	65,935
Total	80,300
Accumulated Depreciation	44,203
Total real estate, net	36,097	37,487
Encumbrances	$ 0
Current Communities | AVA Wheaton
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	319
Initial Cost
Land and Improvements	$ 6,494
Building / Construction in Progress & Improvements	69,027
Costs Subsequent to Acquisition / Construction	260
Total Cost
Land and Improvements	6,494
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	69,287
Total	75,781
Accumulated Depreciation	16,799
Total real estate, net	58,982	61,221
Encumbrances	$ 0
Current Communities | Kanso Twinbrook
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	238
Initial Cost
Land and Improvements	$ 9,151
Building / Construction in Progress & Improvements	56,959
Costs Subsequent to Acquisition / Construction	40
Total Cost
Land and Improvements	9,151
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	56,999
Total	66,150
Accumulated Depreciation	6,327
Total real estate, net	59,823	61,961
Encumbrances	$ 0
Current Communities | Avalon Hunt Valley
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	332
Initial Cost
Land and Improvements	$ 10,872
Building / Construction in Progress & Improvements	62,992
Costs Subsequent to Acquisition / Construction	375
Total Cost
Land and Improvements	10,872
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	63,367
Total	74,239
Accumulated Depreciation	16,338
Total real estate, net	57,901	59,931
Encumbrances	$ 0
Current Communities | Avalon Laurel
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	344
Initial Cost
Land and Improvements	$ 10,130
Building / Construction in Progress & Improvements	61,685
Costs Subsequent to Acquisition / Construction	846
Total Cost
Land and Improvements	10,130
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	62,531
Total	72,661
Accumulated Depreciation	16,461
Total real estate, net	56,200	57,779
Encumbrances	$ 0
Current Communities | Avalon Towson
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	371
Initial Cost
Land and Improvements	$ 12,906
Building / Construction in Progress & Improvements	98,307
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	12,906
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	98,307
Total	111,213
Accumulated Depreciation	13,522
Total real estate, net	97,691	101,657
Encumbrances	$ 0
Current Communities | Avalon Fairway Hills - Meadows
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	192
Initial Cost
Land and Improvements	$ 2,323
Building / Construction in Progress & Improvements	9,297
Costs Subsequent to Acquisition / Construction	8,188
Total Cost
Land and Improvements	2,323
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	17,485
Total	19,808
Accumulated Depreciation	12,333
Total real estate, net	7,475	5,417
Encumbrances	$ 0
Current Communities | Avalon Fairway Hills - Woods
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	336
Initial Cost
Land and Improvements	$ 3,958
Building / Construction in Progress & Improvements	15,839
Costs Subsequent to Acquisition / Construction	16,459
Total Cost
Land and Improvements	3,958
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	32,298
Total	36,256
Accumulated Depreciation	21,534
Total real estate, net	14,722	14,319
Encumbrances	$ 0
Current Communities | Avalon Arundel Crossing II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	310
Initial Cost
Land and Improvements	$ 12,208
Building / Construction in Progress & Improvements	69,888
Costs Subsequent to Acquisition / Construction	3,430
Total Cost
Land and Improvements	12,208
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	73,318
Total	85,526
Accumulated Depreciation	18,674
Total real estate, net	66,852	69,269
Encumbrances	$ 0
Current Communities | Kanso Silver Spring
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	151
Initial Cost
Land and Improvements	$ 3,471
Building / Construction in Progress & Improvements	41,393
Costs Subsequent to Acquisition / Construction	2,297
Total Cost
Land and Improvements	3,471
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	43,690
Total	47,161
Accumulated Depreciation	8,238
Total real estate, net	38,923	39,652
Encumbrances	$ 0
Current Communities | Avalon Arundel Crossing
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	384
Initial Cost
Land and Improvements	$ 9,933
Building / Construction in Progress & Improvements	108,911
Costs Subsequent to Acquisition / Construction	2,876
Total Cost
Land and Improvements	9,933
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	111,787
Total	121,720
Accumulated Depreciation	15,854
Total real estate, net	105,866	110,693
Encumbrances	$ 0
Current Communities | Avalon Russett
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	238
Initial Cost
Land and Improvements	$ 10,200
Building / Construction in Progress & Improvements	47,524
Costs Subsequent to Acquisition / Construction	7,073
Total Cost
Land and Improvements	10,200
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	54,597
Total	64,797
Accumulated Depreciation	23,028
Total real estate, net	41,769	42,887
Encumbrances	$ 32,200
Current Communities | eaves Fair Lakes
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	420
Initial Cost
Land and Improvements	$ 6,096
Building / Construction in Progress & Improvements	24,400
Costs Subsequent to Acquisition / Construction	15,934
Total Cost
Land and Improvements	6,096
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	40,334
Total	46,430
Accumulated Depreciation	31,119
Total real estate, net	15,311	16,504
Encumbrances	$ 0
Current Communities | eaves Fairfax City
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	141
Initial Cost
Land and Improvements	$ 2,152
Building / Construction in Progress & Improvements	8,907
Costs Subsequent to Acquisition / Construction	5,885
Total Cost
Land and Improvements	2,152
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	14,792
Total	16,944
Accumulated Depreciation	11,084
Total real estate, net	5,860	6,278
Encumbrances	$ 0
Current Communities | Avalon Tysons Corner
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	558
Initial Cost
Land and Improvements	$ 13,851
Building / Construction in Progress & Improvements	43,397
Costs Subsequent to Acquisition / Construction	18,581
Total Cost
Land and Improvements	13,851
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	61,978
Total	75,829
Accumulated Depreciation	46,096
Total real estate, net	29,733	30,382
Encumbrances	$ 0
Current Communities | Avalon at Arlington Square
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	842
Initial Cost
Land and Improvements	$ 22,041
Building / Construction in Progress & Improvements	90,296
Costs Subsequent to Acquisition / Construction	38,686
Total Cost
Land and Improvements	22,041
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	128,982
Total	151,023
Accumulated Depreciation	80,299
Total real estate, net	70,724	71,717
Encumbrances	$ 0
Current Communities | eaves Fairfax Towers
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	415
Initial Cost
Land and Improvements	$ 17,889
Building / Construction in Progress & Improvements	74,727
Costs Subsequent to Acquisition / Construction	16,757
Total Cost
Land and Improvements	17,889
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	91,484
Total	109,373
Accumulated Depreciation	39,370
Total real estate, net	70,003	73,482
Encumbrances	$ 0
Current Communities | Avalon Mosaic
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	531
Initial Cost
Land and Improvements	$ 33,490
Building / Construction in Progress & Improvements	75,801
Costs Subsequent to Acquisition / Construction	2,652
Total Cost
Land and Improvements	33,490
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	78,453
Total	111,943
Accumulated Depreciation	26,670
Total real estate, net	85,273	85,707
Encumbrances	$ 0
Current Communities | Avalon Potomac Yard
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	323
Initial Cost
Land and Improvements	$ 24,225
Building / Construction in Progress & Improvements	81,982
Costs Subsequent to Acquisition / Construction	4,294
Total Cost
Land and Improvements	24,225
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	86,276
Total	110,501
Accumulated Depreciation	28,224
Total real estate, net	82,277	84,838
Encumbrances	$ 0
Current Communities | Avalon Clarendon
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	300
Initial Cost
Land and Improvements	$ 22,573
Building / Construction in Progress & Improvements	95,355
Costs Subsequent to Acquisition / Construction	10,816
Total Cost
Land and Improvements	22,573
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	106,171
Total	128,744
Accumulated Depreciation	34,207
Total real estate, net	94,537	98,098
Encumbrances	$ 0
Current Communities | Avalon Dunn Loring
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	440
Initial Cost
Land and Improvements	$ 29,377
Building / Construction in Progress & Improvements	115,465
Costs Subsequent to Acquisition / Construction	7,358
Total Cost
Land and Improvements	29,377
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	122,823
Total	152,200
Accumulated Depreciation	35,634
Total real estate, net	116,566	120,242
Encumbrances	$ 0
Current Communities | eaves Tysons Corner
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	217
Initial Cost
Land and Improvements	$ 16,030
Building / Construction in Progress & Improvements	45,420
Costs Subsequent to Acquisition / Construction	4,547
Total Cost
Land and Improvements	16,030
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	49,967
Total	65,997
Accumulated Depreciation	22,594
Total real estate, net	43,403	44,851
Encumbrances	$ 0
Current Communities | Avalon Courthouse Place
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	564
Initial Cost
Land and Improvements	$ 56,550
Building / Construction in Progress & Improvements	178,032
Costs Subsequent to Acquisition / Construction	19,825
Total Cost
Land and Improvements	56,550
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	197,857
Total	254,407
Accumulated Depreciation	78,761
Total real estate, net	175,646	180,786
Encumbrances	$ 0
Current Communities | Avalon Arlington North
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	228
Initial Cost
Land and Improvements	$ 21,600
Building / Construction in Progress & Improvements	59,076
Costs Subsequent to Acquisition / Construction	10,018
Total Cost
Land and Improvements	21,600
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	69,094
Total	90,694
Accumulated Depreciation	23,957
Total real estate, net	66,737	65,465
Encumbrances	$ 0
Current Communities | Avalon Reston Landing
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	400
Initial Cost
Land and Improvements	$ 26,710
Building / Construction in Progress & Improvements	83,084
Costs Subsequent to Acquisition / Construction	16,036
Total Cost
Land and Improvements	26,710
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	99,120
Total	125,830
Accumulated Depreciation	44,233
Total real estate, net	81,597	84,726
Encumbrances	$ 0
Current Communities | Avalon Falls Church
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	384
Initial Cost
Land and Improvements	$ 39,544
Building / Construction in Progress & Improvements	66,160
Costs Subsequent to Acquisition / Construction	820
Total Cost
Land and Improvements	39,544
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	66,980
Total	106,524
Accumulated Depreciation	20,315
Total real estate, net	86,209	87,780
Encumbrances	$ 0
Current Communities | Avalon Denver West
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	252
Initial Cost
Land and Improvements	$ 8,047
Building / Construction in Progress & Improvements	67,861
Costs Subsequent to Acquisition / Construction	3,367
Total Cost
Land and Improvements	8,047
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	71,228
Total	79,275
Accumulated Depreciation	19,434
Total real estate, net	59,841	61,852
Encumbrances	$ 0
Current Communities | Avalon Meadows at Castle Rock
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	240
Initial Cost
Land and Improvements	$ 8,527
Building / Construction in Progress & Improvements	64,565
Costs Subsequent to Acquisition / Construction	1,548
Total Cost
Land and Improvements	8,527
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	66,113
Total	74,640
Accumulated Depreciation	16,269
Total real estate, net	58,371	61,241
Encumbrances	$ 0
Current Communities | Avalon Red Rocks
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	256
Initial Cost
Land and Improvements	$ 4,461
Building / Construction in Progress & Improvements	70,103
Costs Subsequent to Acquisition / Construction	1,745
Total Cost
Land and Improvements	4,461
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	71,848
Total	76,309
Accumulated Depreciation	17,954
Total real estate, net	58,355	61,311
Encumbrances	$ 0
Current Communities | Avalon Southlands
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	338
Initial Cost
Land and Improvements	$ 5,101
Building / Construction in Progress & Improvements	85,184
Costs Subsequent to Acquisition / Construction	1,910
Total Cost
Land and Improvements	5,101
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	87,094
Total	92,195
Accumulated Depreciation	20,839
Total real estate, net	71,356	75,302
Encumbrances	$ 0
Current Communities | Avalon 850 Boca
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	370
Initial Cost
Land and Improvements	$ 21,430
Building / Construction in Progress & Improvements	114,626
Costs Subsequent to Acquisition / Construction	5,499
Total Cost
Land and Improvements	21,430
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	120,125
Total	141,555
Accumulated Depreciation	31,301
Total real estate, net	110,254	113,769
Encumbrances	$ 0
Current Communities | Avalon Doral
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	350
Initial Cost
Land and Improvements	$ 23,392
Building / Construction in Progress & Improvements	92,949
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	23,392
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	92,949
Total	116,341
Accumulated Depreciation	10,744
Total real estate, net	105,597	108,861
Encumbrances	$ 0
Current Communities | Avalon West Palm Beach
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	290
Initial Cost
Land and Improvements	$ 9,597
Building / Construction in Progress & Improvements	91,411
Costs Subsequent to Acquisition / Construction	5,703
Total Cost
Land and Improvements	9,597
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	97,114
Total	106,711
Accumulated Depreciation	22,694
Total real estate, net	84,017	87,164
Encumbrances	$ 0
Current Communities | Avalon Bonterra
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	314
Initial Cost
Land and Improvements	$ 16,655
Building / Construction in Progress & Improvements	71,180
Costs Subsequent to Acquisition / Construction	3,608
Total Cost
Land and Improvements	16,655
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	74,788
Total	91,443
Accumulated Depreciation	17,723
Total real estate, net	73,720	76,764
Encumbrances	$ 0
Current Communities | Avalon Toscana
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	240
Initial Cost
Land and Improvements	$ 9,213
Building / Construction in Progress & Improvements	49,936
Costs Subsequent to Acquisition / Construction	2,457
Total Cost
Land and Improvements	9,213
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	52,393
Total	61,606
Accumulated Depreciation	10,587
Total real estate, net	51,019	52,600
Encumbrances	$ 0
Current Communities | Avalon Fort Lauderdale
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	243
Initial Cost
Land and Improvements	$ 20,029
Building / Construction in Progress & Improvements	122,394
Costs Subsequent to Acquisition / Construction	6,895
Total Cost
Land and Improvements	20,029
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	129,289
Total	149,318
Accumulated Depreciation	13,760
Total real estate, net	135,558	140,432
Encumbrances	$ 0
Current Communities | Avalon Miramar
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	380
Initial Cost
Land and Improvements	$ 17,959
Building / Construction in Progress & Improvements	110,895
Costs Subsequent to Acquisition / Construction	5,789
Total Cost
Land and Improvements	17,959
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	116,684
Total	134,643
Accumulated Depreciation	15,283
Total real estate, net	119,360	123,611
Encumbrances	$ 0
Current Communities | Avalon at Bear Creek
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	264
Initial Cost
Land and Improvements	$ 6,786
Building / Construction in Progress & Improvements	27,641
Costs Subsequent to Acquisition / Construction	9,169
Total Cost
Land and Improvements	6,786
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	36,810
Total	43,596
Accumulated Depreciation	29,552
Total real estate, net	14,044	14,558
Encumbrances	$ 0
Current Communities | Avalon Bellevue
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	201
Initial Cost
Land and Improvements	$ 6,664
Building / Construction in Progress & Improvements	24,119
Costs Subsequent to Acquisition / Construction	7,705
Total Cost
Land and Improvements	6,664
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	31,824
Total	38,488
Accumulated Depreciation	22,409
Total real estate, net	16,079	16,052
Encumbrances	$ 0
Current Communities | eaves RockMeadow
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	206
Initial Cost
Land and Improvements	$ 4,777
Building / Construction in Progress & Improvements	19,765
Costs Subsequent to Acquisition / Construction	6,227
Total Cost
Land and Improvements	4,777
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	25,992
Total	30,769
Accumulated Depreciation	19,364
Total real estate, net	11,405	10,508
Encumbrances	$ 0
Current Communities | Avalon ParcSquare
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	124
Initial Cost
Land and Improvements	$ 3,789
Building / Construction in Progress & Improvements	15,139
Costs Subsequent to Acquisition / Construction	4,654
Total Cost
Land and Improvements	3,789
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	19,793
Total	23,582
Accumulated Depreciation	15,326
Total real estate, net	8,256	8,973
Encumbrances	$ 0
Current Communities | AVA Belltown
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	100
Initial Cost
Land and Improvements	$ 5,644
Building / Construction in Progress & Improvements	12,733
Costs Subsequent to Acquisition / Construction	2,570
Total Cost
Land and Improvements	5,644
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	15,303
Total	20,947
Accumulated Depreciation	11,216
Total real estate, net	9,731	10,189
Encumbrances	$ 0
Current Communities | Avalon Meydenbauer
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	368
Initial Cost
Land and Improvements	$ 12,697
Building / Construction in Progress & Improvements	77,450
Costs Subsequent to Acquisition / Construction	7,778
Total Cost
Land and Improvements	12,697
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	85,228
Total	97,925
Accumulated Depreciation	45,089
Total real estate, net	52,836	54,763
Encumbrances	$ 0
Current Communities | Avalon Towers Bellevue
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	397
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	123,029
Costs Subsequent to Acquisition / Construction	7,100
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	130,129
Total	130,129
Accumulated Depreciation	58,466
Total real estate, net	71,663	74,217
Encumbrances	$ 0
Current Communities | AVA Queen Anne
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	203
Initial Cost
Land and Improvements	$ 12,081
Building / Construction in Progress & Improvements	41,618
Costs Subsequent to Acquisition / Construction	1,922
Total Cost
Land and Improvements	12,081
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	43,540
Total	55,621
Accumulated Depreciation	18,196
Total real estate, net	37,425	38,701
Encumbrances	$ 0
Current Communities | AVA Ballard
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	265
Initial Cost
Land and Improvements	$ 16,460
Building / Construction in Progress & Improvements	46,926
Costs Subsequent to Acquisition / Construction	2,527
Total Cost
Land and Improvements	16,460
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	49,453
Total	65,913
Accumulated Depreciation	18,907
Total real estate, net	47,006	48,245
Encumbrances	$ 0
Current Communities | Avalon Alderwood I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	367
Initial Cost
Land and Improvements	$ 12,294
Building / Construction in Progress & Improvements	55,627
Costs Subsequent to Acquisition / Construction	977
Total Cost
Land and Improvements	12,294
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	56,604
Total	68,898
Accumulated Depreciation	18,398
Total real estate, net	50,500	51,868
Encumbrances	$ 0
Current Communities | AVA Capitol Hill
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	249
Initial Cost
Land and Improvements	$ 20,613
Building / Construction in Progress & Improvements	59,986
Costs Subsequent to Acquisition / Construction	1,417
Total Cost
Land and Improvements	20,613
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	61,403
Total	82,016
Accumulated Depreciation	18,187
Total real estate, net	63,829	65,807
Encumbrances	$ 0
Current Communities | Avalon Esterra Park
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	482
Initial Cost
Land and Improvements	$ 23,178
Building / Construction in Progress & Improvements	112,986
Costs Subsequent to Acquisition / Construction	1,603
Total Cost
Land and Improvements	23,178
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	114,589
Total	137,767
Accumulated Depreciation	30,391
Total real estate, net	107,376	111,314
Encumbrances	$ 0
Current Communities | Avalon Alderwood II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	124
Initial Cost
Land and Improvements	$ 5,072
Building / Construction in Progress & Improvements	21,418
Costs Subsequent to Acquisition / Construction	132
Total Cost
Land and Improvements	5,072
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	21,550
Total	26,622
Accumulated Depreciation	5,631
Total real estate, net	20,991	21,612
Encumbrances	$ 0
Current Communities | Avalon Newcastle Commons I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	378
Initial Cost
Land and Improvements	$ 9,649
Building / Construction in Progress & Improvements	111,600
Costs Subsequent to Acquisition / Construction	1,377
Total Cost
Land and Improvements	9,649
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	112,977
Total	122,626
Accumulated Depreciation	26,105
Total real estate, net	96,521	100,143
Encumbrances	$ 0
Current Communities | Avalon Belltown Towers
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	274
Initial Cost
Land and Improvements	$ 24,638
Building / Construction in Progress & Improvements	121,064
Costs Subsequent to Acquisition / Construction	1,359
Total Cost
Land and Improvements	24,638
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	122,423
Total	147,061
Accumulated Depreciation	21,564
Total real estate, net	125,497	130,407
Encumbrances	$ 0
Current Communities | AVA Esterra Park
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	323
Initial Cost
Land and Improvements	$ 16,405
Building / Construction in Progress & Improvements	74,568
Costs Subsequent to Acquisition / Construction	13
Total Cost
Land and Improvements	16,405
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	74,581
Total	90,986
Accumulated Depreciation	14,291
Total real estate, net	76,695	79,748
Encumbrances	$ 0
Current Communities | Avalon Newcastle Commons II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	293
Initial Cost
Land and Improvements	$ 6,982
Building / Construction in Progress & Improvements	99,824
Costs Subsequent to Acquisition / Construction	151
Total Cost
Land and Improvements	6,982
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	99,975
Total	106,957
Accumulated Depreciation	10,540
Total real estate, net	96,417	100,273
Encumbrances	$ 0
Current Communities | Avalon North Creek
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	316
Initial Cost
Land and Improvements	$ 13,498
Building / Construction in Progress & Improvements	69,015
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	13,498
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	69,015
Total	82,513
Accumulated Depreciation	11,989
Total real estate, net	70,524	73,315
Encumbrances	$ 0
Current Communities | eaves Redmond Campus
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	374
Initial Cost
Land and Improvements	$ 15,665
Building / Construction in Progress & Improvements	80,985
Costs Subsequent to Acquisition / Construction	33,073
Total Cost
Land and Improvements	15,665
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	114,058
Total	129,723
Accumulated Depreciation	46,910
Total real estate, net	82,813	86,856
Encumbrances	$ 0
Current Communities | Archstone Redmond Lakeview
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	166
Initial Cost
Land and Improvements	$ 10,250
Building / Construction in Progress & Improvements	26,842
Costs Subsequent to Acquisition / Construction	6,807
Total Cost
Land and Improvements	10,250
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	33,649
Total	43,899
Accumulated Depreciation	15,980
Total real estate, net	27,919	28,921
Encumbrances	$ 0
Current Communities | Avalon Campbell
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	348
Initial Cost
Land and Improvements	$ 11,830
Building / Construction in Progress & Improvements	47,828
Costs Subsequent to Acquisition / Construction	15,636
Total Cost
Land and Improvements	11,830
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	63,464
Total	75,294
Accumulated Depreciation	48,448
Total real estate, net	26,846	28,834
Encumbrances	$ 0
Current Communities | eaves San Jose
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	442
Initial Cost
Land and Improvements	$ 12,920
Building / Construction in Progress & Improvements	53,047
Costs Subsequent to Acquisition / Construction	20,565
Total Cost
Land and Improvements	12,920
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	73,612
Total	86,532
Accumulated Depreciation	50,866
Total real estate, net	35,666	38,016
Encumbrances	$ 0
Current Communities | Avalon on the Alameda
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	307
Initial Cost
Land and Improvements	$ 6,119
Building / Construction in Progress & Improvements	50,217
Costs Subsequent to Acquisition / Construction	14,862
Total Cost
Land and Improvements	6,119
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	65,079
Total	71,198
Accumulated Depreciation	48,958
Total real estate, net	22,240	24,383
Encumbrances	$ 0
Current Communities | Avalon Silicon Valley
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	712
Initial Cost
Land and Improvements	$ 20,713
Building / Construction in Progress & Improvements	99,573
Costs Subsequent to Acquisition / Construction	39,340
Total Cost
Land and Improvements	20,713
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	138,913
Total	159,626
Accumulated Depreciation	100,513
Total real estate, net	59,113	62,187
Encumbrances	$ 0
Current Communities | Avalon Mountain View
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	248
Initial Cost
Land and Improvements	$ 9,755
Building / Construction in Progress & Improvements	39,387
Costs Subsequent to Acquisition / Construction	13,323
Total Cost
Land and Improvements	9,755
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	52,710
Total	62,465
Accumulated Depreciation	41,707
Total real estate, net	20,758	22,553
Encumbrances	$ 0
Current Communities | eaves Creekside
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	300
Initial Cost
Land and Improvements	$ 6,546
Building / Construction in Progress & Improvements	26,263
Costs Subsequent to Acquisition / Construction	23,236
Total Cost
Land and Improvements	6,546
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	49,499
Total	56,045
Accumulated Depreciation	35,902
Total real estate, net	20,143	21,595
Encumbrances	$ 0
Current Communities | Avalon at Cahill Park
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	218
Initial Cost
Land and Improvements	$ 4,765
Building / Construction in Progress & Improvements	47,600
Costs Subsequent to Acquisition / Construction	5,035
Total Cost
Land and Improvements	4,765
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	52,635
Total	57,400
Accumulated Depreciation	37,552
Total real estate, net	19,848	21,594
Encumbrances	$ 0
Current Communities | Avalon Towers on the Peninsula
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	211
Initial Cost
Land and Improvements	$ 9,560
Building / Construction in Progress & Improvements	56,136
Costs Subsequent to Acquisition / Construction	15,744
Total Cost
Land and Improvements	9,560
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	71,880
Total	81,440
Accumulated Depreciation	46,823
Total real estate, net	34,617	36,518
Encumbrances	$ 0
Current Communities | Avalon Morrison Park
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	250
Initial Cost
Land and Improvements	$ 13,837
Building / Construction in Progress & Improvements	64,521
Costs Subsequent to Acquisition / Construction	1,763
Total Cost
Land and Improvements	13,837
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	66,284
Total	80,121
Accumulated Depreciation	22,822
Total real estate, net	57,299	59,228
Encumbrances	$ 0
Current Communities | Avalon Willow Glen
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	412
Initial Cost
Land and Improvements	$ 46,060
Building / Construction in Progress & Improvements	81,957
Costs Subsequent to Acquisition / Construction	8,667
Total Cost
Land and Improvements	46,060
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	90,624
Total	136,684
Accumulated Depreciation	41,133
Total real estate, net	95,551	98,445
Encumbrances	$ 0
Current Communities | eaves West Valley
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	873
Initial Cost
Land and Improvements	$ 90,890
Building / Construction in Progress & Improvements	132,040
Costs Subsequent to Acquisition / Construction	17,080
Total Cost
Land and Improvements	90,890
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	149,120
Total	240,010
Accumulated Depreciation	65,540
Total real estate, net	174,470	179,233
Encumbrances	$ 0
Current Communities | eaves Mountain View at Middlefield
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	402
Initial Cost
Land and Improvements	$ 64,070
Building / Construction in Progress & Improvements	69,018
Costs Subsequent to Acquisition / Construction	18,536
Total Cost
Land and Improvements	64,070
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	87,554
Total	151,624
Accumulated Depreciation	41,619
Total real estate, net	110,005	113,785
Encumbrances	$ 0
Current Communities | Avalon Fremont
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	308
Initial Cost
Land and Improvements	$ 10,746
Building / Construction in Progress & Improvements	43,399
Costs Subsequent to Acquisition / Construction	31,654
Total Cost
Land and Improvements	10,746
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	75,053
Total	85,799
Accumulated Depreciation	46,363
Total real estate, net	39,436	40,798
Encumbrances	$ 0
Current Communities | eaves Dublin
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	204
Initial Cost
Land and Improvements	$ 5,276
Building / Construction in Progress & Improvements	19,642
Costs Subsequent to Acquisition / Construction	13,991
Total Cost
Land and Improvements	5,276
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	33,633
Total	38,909
Accumulated Depreciation	24,315
Total real estate, net	14,594	14,722
Encumbrances	$ 0
Current Communities | Eaves Pleasanton
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	456
Initial Cost
Land and Improvements	$ 11,610
Building / Construction in Progress & Improvements	46,552
Costs Subsequent to Acquisition / Construction	48,872
Total Cost
Land and Improvements	11,610
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	95,424
Total	107,034
Accumulated Depreciation	54,990
Total real estate, net	52,044	52,344
Encumbrances	$ 0
Current Communities | eaves Union City
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	208
Initial Cost
Land and Improvements	$ 4,249
Building / Construction in Progress & Improvements	16,820
Costs Subsequent to Acquisition / Construction	5,299
Total Cost
Land and Improvements	4,249
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	22,119
Total	26,368
Accumulated Depreciation	18,465
Total real estate, net	7,903	8,337
Encumbrances	$ 0
Current Communities | eaves Fremont
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	237
Initial Cost
Land and Improvements	$ 6,581
Building / Construction in Progress & Improvements	26,583
Costs Subsequent to Acquisition / Construction	13,046
Total Cost
Land and Improvements	6,581
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	39,629
Total	46,210
Accumulated Depreciation	30,582
Total real estate, net	15,628	16,761
Encumbrances	$ 0
Current Communities | Avalon Union City
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	439
Initial Cost
Land and Improvements	$ 14,732
Building / Construction in Progress & Improvements	104,024
Costs Subsequent to Acquisition / Construction	6,787
Total Cost
Land and Improvements	14,732
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	110,811
Total	125,543
Accumulated Depreciation	53,676
Total real estate, net	71,867	75,293
Encumbrances	$ 0
Current Communities | Avalon Walnut Creek
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	422
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	148,846
Costs Subsequent to Acquisition / Construction	7,250
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	156,096
Total	156,096
Accumulated Depreciation	71,711
Total real estate, net	84,385	89,055
Encumbrances	$ 4,501
Current Communities | Avalon Dublin Station
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	253
Initial Cost
Land and Improvements	$ 7,772
Building / Construction in Progress & Improvements	72,142
Costs Subsequent to Acquisition / Construction	1,543
Total Cost
Land and Improvements	7,772
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	73,685
Total	81,457
Accumulated Depreciation	25,232
Total real estate, net	56,225	58,455
Encumbrances	$ 0
Current Communities | Avalon Dublin Station II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	252
Initial Cost
Land and Improvements	$ 7,762
Building / Construction in Progress & Improvements	76,587
Costs Subsequent to Acquisition / Construction	631
Total Cost
Land and Improvements	7,762
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	77,218
Total	84,980
Accumulated Depreciation	21,099
Total real estate, net	63,881	66,244
Encumbrances	$ 0
Current Communities | Avalon Public Market
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	289
Initial Cost
Land and Improvements	$ 27,394
Building / Construction in Progress & Improvements	145,592
Costs Subsequent to Acquisition / Construction	260
Total Cost
Land and Improvements	27,394
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	145,852
Total	173,246
Accumulated Depreciation	22,366
Total real estate, net	150,880	155,467
Encumbrances	$ 0
Current Communities | Avalon Walnut Creek II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	200
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	112,759
Costs Subsequent to Acquisition / Construction	315
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	113,074
Total	113,074
Accumulated Depreciation	14,289
Total real estate, net	98,785	103,064
Encumbrances	$ 0
Current Communities | eaves Walnut Creek
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	510
Initial Cost
Land and Improvements	$ 30,320
Building / Construction in Progress & Improvements	82,375
Costs Subsequent to Acquisition / Construction	18,289
Total Cost
Land and Improvements	30,320
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	100,664
Total	130,984
Accumulated Depreciation	41,605
Total real estate, net	89,379	92,829
Encumbrances	$ 0
Current Communities | Avalon Walnut Ridge I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	106
Initial Cost
Land and Improvements	$ 9,860
Building / Construction in Progress & Improvements	19,850
Costs Subsequent to Acquisition / Construction	5,999
Total Cost
Land and Improvements	9,860
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	25,849
Total	35,709
Accumulated Depreciation	10,517
Total real estate, net	25,192	26,048
Encumbrances	$ 0
Current Communities | Avalon Walnut Ridge II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	360
Initial Cost
Land and Improvements	$ 27,190
Building / Construction in Progress & Improvements	57,041
Costs Subsequent to Acquisition / Construction	14,257
Total Cost
Land and Improvements	27,190
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	71,298
Total	98,488
Accumulated Depreciation	30,247
Total real estate, net	68,241	70,626
Encumbrances	$ 0
Current Communities | Avalon Berkeley
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	94
Initial Cost
Land and Improvements	$ 4,500
Building / Construction in Progress & Improvements	28,689
Costs Subsequent to Acquisition / Construction	145
Total Cost
Land and Improvements	4,500
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	28,834
Total	33,334
Accumulated Depreciation	9,409
Total real estate, net	23,925	24,850
Encumbrances	$ 0
Current Communities | AVA Nob Hill
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	185
Initial Cost
Land and Improvements	$ 5,403
Building / Construction in Progress & Improvements	21,567
Costs Subsequent to Acquisition / Construction	11,273
Total Cost
Land and Improvements	5,403
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	32,840
Total	38,243
Accumulated Depreciation	24,511
Total real estate, net	13,732	14,850
Encumbrances	$ 0
Current Communities | eaves Foster City
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	288
Initial Cost
Land and Improvements	$ 7,852
Building / Construction in Progress & Improvements	31,445
Costs Subsequent to Acquisition / Construction	15,824
Total Cost
Land and Improvements	7,852
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	47,269
Total	55,121
Accumulated Depreciation	35,545
Total real estate, net	19,576	19,642
Encumbrances	$ 0
Current Communities | eaves Pacifica
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	220
Initial Cost
Land and Improvements	$ 6,125
Building / Construction in Progress & Improvements	24,792
Costs Subsequent to Acquisition / Construction	5,573
Total Cost
Land and Improvements	6,125
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	30,365
Total	36,490
Accumulated Depreciation	25,442
Total real estate, net	11,048	11,745
Encumbrances	$ 0
Current Communities | Avalon Sunset Towers
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	243
Initial Cost
Land and Improvements	$ 3,561
Building / Construction in Progress & Improvements	21,313
Costs Subsequent to Acquisition / Construction	17,599
Total Cost
Land and Improvements	3,561
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	38,912
Total	42,473
Accumulated Depreciation	28,331
Total real estate, net	14,142	15,240
Encumbrances	$ 0
Current Communities | Avalon at Mission Bay I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	250
Initial Cost
Land and Improvements	$ 14,029
Building / Construction in Progress & Improvements	78,452
Costs Subsequent to Acquisition / Construction	10,330
Total Cost
Land and Improvements	14,029
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	88,782
Total	102,811
Accumulated Depreciation	63,094
Total real estate, net	39,717	42,935
Encumbrances	$ 0
Current Communities | Avalon at Mission Bay III
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	260
Initial Cost
Land and Improvements	$ 28,687
Building / Construction in Progress & Improvements	119,156
Costs Subsequent to Acquisition / Construction	1,675
Total Cost
Land and Improvements	28,687
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	120,831
Total	149,518
Accumulated Depreciation	59,154
Total real estate, net	90,364	94,137
Encumbrances	$ 0
Current Communities | Avalon Ocean Avenue
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	173
Initial Cost
Land and Improvements	$ 5,544
Building / Construction in Progress & Improvements	50,906
Costs Subsequent to Acquisition / Construction	3,259
Total Cost
Land and Improvements	5,544
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	54,165
Total	59,709
Accumulated Depreciation	21,932
Total real estate, net	37,777	39,333
Encumbrances	$ 0
Current Communities | AVA 55 Ninth
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	273
Initial Cost
Land and Improvements	$ 20,267
Building / Construction in Progress & Improvements	97,321
Costs Subsequent to Acquisition / Construction	1,710
Total Cost
Land and Improvements	20,267
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	99,031
Total	119,298
Accumulated Depreciation	33,915
Total real estate, net	85,383	88,357
Encumbrances	$ 0
Current Communities | Avalon Hayes Valley
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	182
Initial Cost
Land and Improvements	$ 12,595
Building / Construction in Progress & Improvements	81,228
Costs Subsequent to Acquisition / Construction	1,259
Total Cost
Land and Improvements	12,595
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	82,487
Total	95,082
Accumulated Depreciation	25,213
Total real estate, net	69,869	72,131
Encumbrances	$ 0
Current Communities | Avalon Dogpatch
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	326
Initial Cost
Land and Improvements	$ 23,523
Building / Construction in Progress & Improvements	180,698
Costs Subsequent to Acquisition / Construction	421
Total Cost
Land and Improvements	23,523
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	181,119
Total	204,642
Accumulated Depreciation	40,228
Total real estate, net	164,414	170,374
Encumbrances	$ 0
Current Communities | Avalon San Bruno I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	300
Initial Cost
Land and Improvements	$ 40,780
Building / Construction in Progress & Improvements	68,684
Costs Subsequent to Acquisition / Construction	8,945
Total Cost
Land and Improvements	40,780
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	77,629
Total	118,409
Accumulated Depreciation	34,287
Total real estate, net	84,122	86,649
Encumbrances	$ 57,650
Current Communities | Avalon San Bruno II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	185
Initial Cost
Land and Improvements	$ 23,787
Building / Construction in Progress & Improvements	44,934
Costs Subsequent to Acquisition / Construction	3,840
Total Cost
Land and Improvements	23,787
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	48,774
Total	72,561
Accumulated Depreciation	19,334
Total real estate, net	53,227	54,746
Encumbrances	$ 0
Current Communities | Avalon San Bruno III
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	187
Initial Cost
Land and Improvements	$ 33,303
Building / Construction in Progress & Improvements	62,910
Costs Subsequent to Acquisition / Construction	3,725
Total Cost
Land and Improvements	33,303
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	66,635
Total	99,938
Accumulated Depreciation	26,514
Total real estate, net	73,424	75,442
Encumbrances	$ 51,000
Current Communities | AVA Burbank
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	750
Initial Cost
Land and Improvements	$ 22,483
Building / Construction in Progress & Improvements	28,093
Costs Subsequent to Acquisition / Construction	54,756
Total Cost
Land and Improvements	22,483
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	82,849
Total	105,332
Accumulated Depreciation	58,108
Total real estate, net	47,224	49,720
Encumbrances	$ 0
Current Communities | Avalon Woodland Hills
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	663
Initial Cost
Land and Improvements	$ 23,828
Building / Construction in Progress & Improvements	40,342
Costs Subsequent to Acquisition / Construction	86,225
Total Cost
Land and Improvements	23,828
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	126,567
Total	150,395
Accumulated Depreciation	67,704
Total real estate, net	82,691	81,679
Encumbrances	$ 0
Current Communities | eaves Warner Center
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	228
Initial Cost
Land and Improvements	$ 7,045
Building / Construction in Progress & Improvements	12,980
Costs Subsequent to Acquisition / Construction	14,216
Total Cost
Land and Improvements	7,045
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	27,196
Total	34,241
Accumulated Depreciation	22,014
Total real estate, net	12,227	12,597
Encumbrances	$ 0
Current Communities | Avalon Glendale
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	223
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	42,564
Costs Subsequent to Acquisition / Construction	3,993
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	46,557
Total	46,557
Accumulated Depreciation	31,921
Total real estate, net	14,636	15,619
Encumbrances	$ 0
Current Communities | Avalon Burbank
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	401
Initial Cost
Land and Improvements	$ 14,053
Building / Construction in Progress & Improvements	56,820
Costs Subsequent to Acquisition / Construction	28,892
Total Cost
Land and Improvements	14,053
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	85,712
Total	99,765
Accumulated Depreciation	55,436
Total real estate, net	44,329	46,283
Encumbrances	$ 0
Current Communities | Avalon Camarillo
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	249
Initial Cost
Land and Improvements	$ 8,446
Building / Construction in Progress & Improvements	40,269
Costs Subsequent to Acquisition / Construction	4,428
Total Cost
Land and Improvements	8,446
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	44,697
Total	53,143
Accumulated Depreciation	26,671
Total real estate, net	26,472	27,509
Encumbrances	$ 0
Current Communities | Avalon Wilshire
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	123
Initial Cost
Land and Improvements	$ 5,459
Building / Construction in Progress & Improvements	41,182
Costs Subsequent to Acquisition / Construction	7,326
Total Cost
Land and Improvements	5,459
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	48,508
Total	53,967
Accumulated Depreciation	27,843
Total real estate, net	26,124	27,803
Encumbrances	$ 0
Current Communities | Avalon Encino
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	132
Initial Cost
Land and Improvements	$ 12,789
Building / Construction in Progress & Improvements	49,073
Costs Subsequent to Acquisition / Construction	3,804
Total Cost
Land and Improvements	12,789
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	52,877
Total	65,666
Accumulated Depreciation	26,824
Total real estate, net	38,842	39,700
Encumbrances	$ 0
Current Communities | Avalon Warner Place
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	210
Initial Cost
Land and Improvements	$ 7,920
Building / Construction in Progress & Improvements	44,837
Costs Subsequent to Acquisition / Construction	3,794
Total Cost
Land and Improvements	7,920
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	48,631
Total	56,551
Accumulated Depreciation	25,319
Total real estate, net	31,232	32,291
Encumbrances	$ 0
Current Communities | AVA Little Tokyo
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	280
Initial Cost
Land and Improvements	$ 14,734
Building / Construction in Progress & Improvements	93,977
Costs Subsequent to Acquisition / Construction	2,394
Total Cost
Land and Improvements	14,734
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	96,371
Total	111,105
Accumulated Depreciation	31,206
Total real estate, net	79,899	82,725
Encumbrances	$ 0
Current Communities | eaves Phillips Ranch
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	503
Initial Cost
Land and Improvements	$ 9,796
Building / Construction in Progress & Improvements	41,740
Costs Subsequent to Acquisition / Construction	13,163
Total Cost
Land and Improvements	9,796
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	54,903
Total	64,699
Accumulated Depreciation	23,162
Total real estate, net	41,537	39,164
Encumbrances	$ 0
Current Communities | eaves San Dimas
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	102
Initial Cost
Land and Improvements	$ 1,916
Building / Construction in Progress & Improvements	7,819
Costs Subsequent to Acquisition / Construction	2,631
Total Cost
Land and Improvements	1,916
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	10,450
Total	12,366
Accumulated Depreciation	4,906
Total real estate, net	7,460	7,586
Encumbrances	$ 0
Current Communities | eaves San Dimas Canyon
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	156
Initial Cost
Land and Improvements	$ 2,953
Building / Construction in Progress & Improvements	12,397
Costs Subsequent to Acquisition / Construction	2,286
Total Cost
Land and Improvements	2,953
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	14,683
Total	17,636
Accumulated Depreciation	6,719
Total real estate, net	10,917	11,072
Encumbrances	$ 0
Current Communities | AVA Pasadena
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	84
Initial Cost
Land and Improvements	$ 8,400
Building / Construction in Progress & Improvements	11,547
Costs Subsequent to Acquisition / Construction	6,358
Total Cost
Land and Improvements	8,400
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	17,905
Total	26,305
Accumulated Depreciation	7,067
Total real estate, net	19,238	19,805
Encumbrances	$ 0
Current Communities | eaves Cerritos
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	151
Initial Cost
Land and Improvements	$ 8,305
Building / Construction in Progress & Improvements	21,195
Costs Subsequent to Acquisition / Construction	3,023
Total Cost
Land and Improvements	8,305
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	24,218
Total	32,523
Accumulated Depreciation	9,423
Total real estate, net	23,100	23,387
Encumbrances	$ 0
Current Communities | Avalon Playa Vista
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	309
Initial Cost
Land and Improvements	$ 30,900
Building / Construction in Progress & Improvements	71,959
Costs Subsequent to Acquisition / Construction	9,549
Total Cost
Land and Improvements	30,900
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	81,508
Total	112,408
Accumulated Depreciation	34,723
Total real estate, net	77,685	80,665
Encumbrances	$ 0
Current Communities | Avalon San Dimas
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	156
Initial Cost
Land and Improvements	$ 9,141
Building / Construction in Progress & Improvements	30,726
Costs Subsequent to Acquisition / Construction	552
Total Cost
Land and Improvements	9,141
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	31,278
Total	40,419
Accumulated Depreciation	10,414
Total real estate, net	30,005	30,885
Encumbrances	$ 0
Current Communities | Avalon Glendora
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	281
Initial Cost
Land and Improvements	$ 18,311
Building / Construction in Progress & Improvements	64,303
Costs Subsequent to Acquisition / Construction	1,052
Total Cost
Land and Improvements	18,311
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	65,355
Total	83,666
Accumulated Depreciation	19,211
Total real estate, net	64,455	66,283
Encumbrances	$ 0
Current Communities | Avalon West Hollywood
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	294
Initial Cost
Land and Improvements	$ 35,214
Building / Construction in Progress & Improvements	119,105
Costs Subsequent to Acquisition / Construction	1,859
Total Cost
Land and Improvements	35,214
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	120,964
Total	156,178
Accumulated Depreciation	29,788
Total real estate, net	126,390	130,476
Encumbrances	$ 0
Current Communities | AVA Hollywood at La Pietra Place
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	695
Initial Cost
Land and Improvements	$ 99,309
Building / Construction in Progress & Improvements	272,596
Costs Subsequent to Acquisition / Construction	2,010
Total Cost
Land and Improvements	99,309
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	274,606
Total	373,915
Accumulated Depreciation	37,712
Total real estate, net	336,203	346,636
Encumbrances	$ 0
Current Communities | Avalon Monrovia
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	154
Initial Cost
Land and Improvements	$ 12,125
Building / Construction in Progress & Improvements	56,233
Costs Subsequent to Acquisition / Construction	195
Total Cost
Land and Improvements	12,125
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	56,428
Total	68,553
Accumulated Depreciation	5,649
Total real estate, net	62,904	65,150
Encumbrances	$ 0
Current Communities | Avalon Mission Oaks
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	160
Initial Cost
Land and Improvements	$ 9,600
Building / Construction in Progress & Improvements	37,566
Costs Subsequent to Acquisition / Construction	2,502
Total Cost
Land and Improvements	9,600
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	40,068
Total	49,668
Accumulated Depreciation	14,377
Total real estate, net	35,291	36,101
Encumbrances	$ 0
Current Communities | Avalon Chino Hills
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	331
Initial Cost
Land and Improvements	$ 16,617
Building / Construction in Progress & Improvements	79,829
Costs Subsequent to Acquisition / Construction	1,099
Total Cost
Land and Improvements	16,617
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	80,928
Total	97,545
Accumulated Depreciation	19,785
Total real estate, net	77,760	80,473
Encumbrances	$ 0
Current Communities | AVA North Hollywood
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	156
Initial Cost
Land and Improvements	$ 18,408
Building / Construction in Progress & Improvements	52,280
Costs Subsequent to Acquisition / Construction	2,320
Total Cost
Land and Improvements	18,408
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	54,600
Total	73,008
Accumulated Depreciation	16,375
Total real estate, net	56,633	58,572
Encumbrances	$ 0
Current Communities | Avalon Cerritos
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	132
Initial Cost
Land and Improvements	$ 8,869
Building / Construction in Progress & Improvements	51,452
Costs Subsequent to Acquisition / Construction	1,030
Total Cost
Land and Improvements	8,869
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	52,482
Total	61,351
Accumulated Depreciation	10,562
Total real estate, net	50,789	52,867
Encumbrances	$ 30,250
Current Communities | Avalon Simi Valley
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	500
Initial Cost
Land and Improvements	$ 42,020
Building / Construction in Progress & Improvements	73,345
Costs Subsequent to Acquisition / Construction	13,151
Total Cost
Land and Improvements	42,020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	86,496
Total	128,516
Accumulated Depreciation	36,353
Total real estate, net	92,163	94,588
Encumbrances	$ 0
Current Communities | AVA Studio City II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	101
Initial Cost
Land and Improvements	$ 4,626
Building / Construction in Progress & Improvements	22,941
Costs Subsequent to Acquisition / Construction	8,188
Total Cost
Land and Improvements	4,626
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	31,129
Total	35,755
Accumulated Depreciation	12,385
Total real estate, net	23,370	24,296
Encumbrances	$ 0
Current Communities | Avalon Studio City
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	276
Initial Cost
Land and Improvements	$ 15,756
Building / Construction in Progress & Improvements	78,166
Costs Subsequent to Acquisition / Construction	19,782
Total Cost
Land and Improvements	15,756
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	97,948
Total	113,704
Accumulated Depreciation	40,965
Total real estate, net	72,739	76,417
Encumbrances	$ 0
Current Communities | Avalon Calabasas
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	600
Initial Cost
Land and Improvements	$ 42,720
Building / Construction in Progress & Improvements	107,368
Costs Subsequent to Acquisition / Construction	28,616
Total Cost
Land and Improvements	42,720
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	135,984
Total	178,704
Accumulated Depreciation	67,697
Total real estate, net	111,007	115,715
Encumbrances	$ 0
Current Communities | Avalon Oak Creek
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	336
Initial Cost
Land and Improvements	$ 43,540
Building / Construction in Progress & Improvements	79,827
Costs Subsequent to Acquisition / Construction	12,286
Total Cost
Land and Improvements	43,540
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	92,113
Total	135,653
Accumulated Depreciation	45,131
Total real estate, net	90,522	92,637
Encumbrances	$ 0
Current Communities | Avalon Santa Monica on Main
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	133
Initial Cost
Land and Improvements	$ 32,000
Building / Construction in Progress & Improvements	60,705
Costs Subsequent to Acquisition / Construction	16,377
Total Cost
Land and Improvements	32,000
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	77,082
Total	109,082
Accumulated Depreciation	30,005
Total real estate, net	79,077	81,034
Encumbrances	$ 0
Current Communities | eaves Old Town Pasadena
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	96
Initial Cost
Land and Improvements	$ 9,110
Building / Construction in Progress & Improvements	15,371
Costs Subsequent to Acquisition / Construction	7,555
Total Cost
Land and Improvements	9,110
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	22,926
Total	32,036
Accumulated Depreciation	9,317
Total real estate, net	22,719	23,292
Encumbrances	$ 0
Current Communities | eaves Thousand Oaks
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	158
Initial Cost
Land and Improvements	$ 13,950
Building / Construction in Progress & Improvements	20,052
Costs Subsequent to Acquisition / Construction	7,148
Total Cost
Land and Improvements	13,950
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	27,200
Total	41,150
Accumulated Depreciation	14,258
Total real estate, net	26,892	27,613
Encumbrances	$ 0
Current Communities | eaves Los Feliz
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	263
Initial Cost
Land and Improvements	$ 18,940
Building / Construction in Progress & Improvements	43,661
Costs Subsequent to Acquisition / Construction	14,420
Total Cost
Land and Improvements	18,940
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	58,081
Total	77,021
Accumulated Depreciation	24,175
Total real estate, net	52,846	54,878
Encumbrances	$ 41,400
Current Communities | AVA Toluca Hills
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	1,151
Initial Cost
Land and Improvements	$ 86,450
Building / Construction in Progress & Improvements	161,078
Costs Subsequent to Acquisition / Construction	95,036
Total Cost
Land and Improvements	86,450
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	256,114
Total	342,564
Accumulated Depreciation	94,367
Total real estate, net	248,197	253,476
Encumbrances	$ 0
Current Communities | eaves Woodland Hills
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	888
Initial Cost
Land and Improvements	$ 68,940
Building / Construction in Progress & Improvements	90,507
Costs Subsequent to Acquisition / Construction	26,038
Total Cost
Land and Improvements	68,940
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	116,545
Total	185,485
Accumulated Depreciation	54,334
Total real estate, net	131,151	134,282
Encumbrances	$ 111,500
Current Communities | Avalon Thousand Oaks Plaza
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	148
Initial Cost
Land and Improvements	$ 12,810
Building / Construction in Progress & Improvements	22,515
Costs Subsequent to Acquisition / Construction	4,401
Total Cost
Land and Improvements	12,810
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	26,916
Total	39,726
Accumulated Depreciation	12,276
Total real estate, net	27,450	27,659
Encumbrances	$ 0
Current Communities | Avalon Pasadena
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	120
Initial Cost
Land and Improvements	$ 10,240
Building / Construction in Progress & Improvements	31,558
Costs Subsequent to Acquisition / Construction	7,000
Total Cost
Land and Improvements	10,240
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	38,558
Total	48,798
Accumulated Depreciation	15,345
Total real estate, net	33,453	34,559
Encumbrances	$ 0
Current Communities | AVA Studio City I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	450
Initial Cost
Land and Improvements	$ 17,658
Building / Construction in Progress & Improvements	90,562
Costs Subsequent to Acquisition / Construction	37,807
Total Cost
Land and Improvements	17,658
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	128,369
Total	146,027
Accumulated Depreciation	49,319
Total real estate, net	96,708	101,202
Encumbrances	$ 0
Current Communities | AVA Newport
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	145
Initial Cost
Land and Improvements	$ 1,975
Building / Construction in Progress & Improvements	3,814
Costs Subsequent to Acquisition / Construction	10,806
Total Cost
Land and Improvements	1,975
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	14,620
Total	16,595
Accumulated Depreciation	9,899
Total real estate, net	6,696	6,734
Encumbrances	$ 0
Current Communities | eaves Mission Viejo
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	166
Initial Cost
Land and Improvements	$ 2,517
Building / Construction in Progress & Improvements	9,245
Costs Subsequent to Acquisition / Construction	6,229
Total Cost
Land and Improvements	2,517
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	15,474
Total	17,991
Accumulated Depreciation	12,243
Total real estate, net	5,748	5,573
Encumbrances	$ 0
Current Communities | eaves South Coast
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	258
Initial Cost
Land and Improvements	$ 4,709
Building / Construction in Progress & Improvements	16,063
Costs Subsequent to Acquisition / Construction	15,495
Total Cost
Land and Improvements	4,709
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	31,558
Total	36,267
Accumulated Depreciation	23,224
Total real estate, net	13,043	13,049
Encumbrances	$ 0
Current Communities | eaves Santa Margarita
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	302
Initial Cost
Land and Improvements	$ 4,607
Building / Construction in Progress & Improvements	16,902
Costs Subsequent to Acquisition / Construction	14,958
Total Cost
Land and Improvements	4,607
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	31,860
Total	36,467
Accumulated Depreciation	22,841
Total real estate, net	13,626	13,657
Encumbrances	$ 0
Current Communities | eaves Huntington Beach
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	304
Initial Cost
Land and Improvements	$ 4,871
Building / Construction in Progress & Improvements	19,731
Costs Subsequent to Acquisition / Construction	13,091
Total Cost
Land and Improvements	4,871
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	32,822
Total	37,693
Accumulated Depreciation	27,339
Total real estate, net	10,354	11,122
Encumbrances	$ 0
Current Communities | Avalon Irvine I
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	279
Initial Cost
Land and Improvements	$ 9,911
Building / Construction in Progress & Improvements	67,520
Costs Subsequent to Acquisition / Construction	7,686
Total Cost
Land and Improvements	9,911
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	75,206
Total	85,117
Accumulated Depreciation	35,582
Total real estate, net	49,535	50,566
Encumbrances	$ 0
Current Communities | Avalon Irvine II
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	179
Initial Cost
Land and Improvements	$ 4,358
Building / Construction in Progress & Improvements	40,905
Costs Subsequent to Acquisition / Construction	1,654
Total Cost
Land and Improvements	4,358
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	42,559
Total	46,917
Accumulated Depreciation	16,074
Total real estate, net	30,843	32,044
Encumbrances	$ 0
Current Communities | eaves Lake Forest
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	225
Initial Cost
Land and Improvements	$ 5,199
Building / Construction in Progress & Improvements	21,117
Costs Subsequent to Acquisition / Construction	7,790
Total Cost
Land and Improvements	5,199
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	28,907
Total	34,106
Accumulated Depreciation	12,905
Total real estate, net	21,201	21,661
Encumbrances	$ 0
Current Communities | Avalon Baker Ranch
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	430
Initial Cost
Land and Improvements	$ 31,689
Building / Construction in Progress & Improvements	98,004
Costs Subsequent to Acquisition / Construction	987
Total Cost
Land and Improvements	31,689
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	98,991
Total	130,680
Accumulated Depreciation	30,569
Total real estate, net	100,111	103,234
Encumbrances	$ 0
Current Communities | Avalon Irvine III
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	156
Initial Cost
Land and Improvements	$ 11,607
Building / Construction in Progress & Improvements	43,973
Costs Subsequent to Acquisition / Construction	386
Total Cost
Land and Improvements	11,607
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	44,359
Total	55,966
Accumulated Depreciation	12,412
Total real estate, net	43,554	44,965
Encumbrances	$ 0
Current Communities | eaves Seal Beach
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	549
Initial Cost
Land and Improvements	$ 46,790
Building / Construction in Progress & Improvements	99,999
Costs Subsequent to Acquisition / Construction	38,750
Total Cost
Land and Improvements	46,790
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	138,749
Total	185,539
Accumulated Depreciation	52,068
Total real estate, net	133,471	137,902
Encumbrances	$ 0
Current Communities | Avalon Huntington Beach
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	378
Initial Cost
Land and Improvements	$ 13,055
Building / Construction in Progress & Improvements	105,981
Costs Subsequent to Acquisition / Construction	1,248
Total Cost
Land and Improvements	13,055
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	107,229
Total	120,284
Accumulated Depreciation	28,127
Total real estate, net	92,157	95,733
Encumbrances	$ 0
Current Communities | AVA Pacific Beach
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	564
Initial Cost
Land and Improvements	$ 9,922
Building / Construction in Progress & Improvements	40,580
Costs Subsequent to Acquisition / Construction	44,172
Total Cost
Land and Improvements	9,922
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	84,752
Total	94,674
Accumulated Depreciation	58,896
Total real estate, net	35,778	38,380
Encumbrances	$ 0
Current Communities | eaves Mission Ridge
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	200
Initial Cost
Land and Improvements	$ 2,710
Building / Construction in Progress & Improvements	10,924
Costs Subsequent to Acquisition / Construction	15,906
Total Cost
Land and Improvements	2,710
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	26,830
Total	29,540
Accumulated Depreciation	20,756
Total real estate, net	8,784	8,229
Encumbrances	$ 0
Current Communities | eaves San Marcos
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	184
Initial Cost
Land and Improvements	$ 3,277
Building / Construction in Progress & Improvements	13,385
Costs Subsequent to Acquisition / Construction	7,260
Total Cost
Land and Improvements	3,277
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	20,645
Total	23,922
Accumulated Depreciation	8,165
Total real estate, net	15,757	16,014
Encumbrances	$ 0
Current Communities | eaves Rancho Penasquitos
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	250
Initial Cost
Land and Improvements	$ 6,692
Building / Construction in Progress & Improvements	27,143
Costs Subsequent to Acquisition / Construction	12,493
Total Cost
Land and Improvements	6,692
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	39,636
Total	46,328
Accumulated Depreciation	17,133
Total real estate, net	29,195	29,449
Encumbrances	$ 0
Current Communities | Avalon Vista
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	221
Initial Cost
Land and Improvements	$ 12,689
Building / Construction in Progress & Improvements	43,328
Costs Subsequent to Acquisition / Construction	977
Total Cost
Land and Improvements	12,689
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	44,305
Total	56,994
Accumulated Depreciation	13,955
Total real estate, net	43,039	44,449
Encumbrances	$ 0
Current Communities | eaves La Mesa
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	168
Initial Cost
Land and Improvements	$ 9,490
Building / Construction in Progress & Improvements	28,482
Costs Subsequent to Acquisition / Construction	4,849
Total Cost
Land and Improvements	9,490
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	33,331
Total	42,821
Accumulated Depreciation	16,369
Total real estate, net	26,452	27,526
Encumbrances	$ 0
Current Communities | Avalon La Jolla Colony
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	180
Initial Cost
Land and Improvements	$ 16,760
Building / Construction in Progress & Improvements	27,694
Costs Subsequent to Acquisition / Construction	12,707
Total Cost
Land and Improvements	16,760
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	40,401
Total	57,161
Accumulated Depreciation	17,641
Total real estate, net	39,520	40,944
Encumbrances	$ 0
Current Communities | Avalon South End
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	265
Initial Cost
Land and Improvements	$ 13,723
Building / Construction in Progress & Improvements	87,978
Costs Subsequent to Acquisition / Construction	5,176
Total Cost
Land and Improvements	13,723
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	93,154
Total	106,877
Accumulated Depreciation	10,916
Total real estate, net	95,961	97,335
Encumbrances	$ 0
Current Communities | AVA South End
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	164
Initial Cost
Land and Improvements	$ 9,367
Building / Construction in Progress & Improvements	44,623
Costs Subsequent to Acquisition / Construction	2,133
Total Cost
Land and Improvements	9,367
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	46,756
Total	56,123
Accumulated Depreciation	4,756
Total real estate, net	51,367	51,675
Encumbrances	$ 0
Current Communities | Avalon Hawk
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	71
Initial Cost
Land and Improvements	$ 2,564
Building / Construction in Progress & Improvements	44,056
Costs Subsequent to Acquisition / Construction	227
Total Cost
Land and Improvements	2,564
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	44,283
Total	46,847
Accumulated Depreciation	3,729
Total real estate, net	43,118	44,649
Encumbrances	$ 0
Current Communities | Avalon Lakeside
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	425
Initial Cost
Land and Improvements	$ 15,073
Building / Construction in Progress & Improvements	98,057
Costs Subsequent to Acquisition / Construction	5,105
Total Cost
Land and Improvements	15,073
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	103,162
Total	118,235
Accumulated Depreciation	14,595
Total real estate, net	103,640	107,962
Encumbrances	$ 0
New England
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	9,577
Initial Cost
Land and Improvements	$ 385,438
Building / Construction in Progress & Improvements	2,094,751
Costs Subsequent to Acquisition / Construction	457,166
Total Cost
Land and Improvements	385,438
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	2,551,917
Total	2,937,355
Accumulated Depreciation	992,364
Total real estate, net	1,944,991	2,017,472
Encumbrances	$ 45,000
New York City, NY
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	3,788
Initial Cost
Land and Improvements	$ 528,710
Building / Construction in Progress & Improvements	1,278,683
Costs Subsequent to Acquisition / Construction	130,117
Total Cost
Land and Improvements	528,710
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	1,408,800
Total	1,937,510
Accumulated Depreciation	571,486
Total real estate, net	1,366,024	1,404,897
Encumbrances	$ 307,500
New York - Suburban
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	3,563
Initial Cost
Land and Improvements	$ 227,420
Building / Construction in Progress & Improvements	775,119
Costs Subsequent to Acquisition / Construction	76,156
Total Cost
Land and Improvements	227,420
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	851,275
Total	1,078,695
Accumulated Depreciation	329,292
Total real estate, net	749,403	786,614
Encumbrances	$ 0
New Jersey
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	5,415
Initial Cost
Land and Improvements	$ 230,933
Building / Construction in Progress & Improvements	1,040,549
Costs Subsequent to Acquisition / Construction	129,916
Total Cost
Land and Improvements	230,933
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	1,170,465
Total	1,401,398
Accumulated Depreciation	432,829
Total real estate, net	968,569	1,005,143
Encumbrances	$ 0
Metro NY/NJ
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	12,766
Initial Cost
Land and Improvements	$ 987,063
Building / Construction in Progress & Improvements	3,094,351
Costs Subsequent to Acquisition / Construction	336,189
Total Cost
Land and Improvements	987,063
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	3,430,540
Total	4,417,603
Accumulated Depreciation	1,333,607
Total real estate, net	3,083,996	3,196,654
Encumbrances	$ 307,500
Mid-Atlantic
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	13,301
Initial Cost
Land and Improvements	$ 684,346
Building / Construction in Progress & Improvements	2,403,777
Costs Subsequent to Acquisition / Construction	351,531
Total Cost
Land and Improvements	684,346
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	2,755,308
Total	3,439,654
Accumulated Depreciation	1,109,411
Total real estate, net	2,330,243	2,391,838
Encumbrances	$ 32,200
Denver, CO
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	1,086
Initial Cost
Land and Improvements	$ 26,136
Building / Construction in Progress & Improvements	287,713
Costs Subsequent to Acquisition / Construction	8,570
Total Cost
Land and Improvements	26,136
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	296,283
Total	322,419
Accumulated Depreciation	74,496
Total real estate, net	247,923	259,706
Encumbrances	$ 0
Southeast Florida
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	2,187
Initial Cost
Land and Improvements	$ 118,275
Building / Construction in Progress & Improvements	653,391
Costs Subsequent to Acquisition / Construction	29,951
Total Cost
Land and Improvements	118,275
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	683,342
Total	801,617
Accumulated Depreciation	122,092
Total real estate, net	679,525	703,201
Encumbrances	$ 0
Pacific Northwest
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	5,474
Initial Cost
Land and Improvements	$ 227,142
Building / Construction in Progress & Improvements	1,222,335
Costs Subsequent to Acquisition / Construction	96,561
Total Cost
Land and Improvements	227,142
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	1,318,896
Total	1,546,038
Accumulated Depreciation	458,511
Total real estate, net	1,087,527	1,126,470
Encumbrances	$ 0
San Jose, CA
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	4,723
Initial Cost
Land and Improvements	$ 297,065
Building / Construction in Progress & Improvements	767,587
Costs Subsequent to Acquisition / Construction	193,787
Total Cost
Land and Improvements	297,065
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	961,374
Total	1,258,439
Accumulated Depreciation	581,883
Total real estate, net	676,556	706,371
Encumbrances	$ 0
Oakland - East Bay, CA
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	4,338
Initial Cost
Land and Improvements	$ 167,992
Building / Construction in Progress & Improvements	1,000,901
Costs Subsequent to Acquisition / Construction	168,338
Total Cost
Land and Improvements	167,992
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	1,169,239
Total	1,337,231
Accumulated Depreciation	474,866
Total real estate, net	862,365	894,893
Encumbrances	$ 4,501
San Francisco, CA
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	3,072
Initial Cost
Land and Improvements	$ 225,456
Building / Construction in Progress & Improvements	883,406
Costs Subsequent to Acquisition / Construction	85,433
Total Cost
Land and Improvements	225,456
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	968,839
Total	1,194,295
Accumulated Depreciation	437,500
Total real estate, net	756,795	785,581
Encumbrances	$ 108,650
Northern California
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	12,133
Initial Cost
Land and Improvements	$ 690,513
Building / Construction in Progress & Improvements	2,651,894
Costs Subsequent to Acquisition / Construction	447,558
Total Cost
Land and Improvements	690,513
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	3,099,452
Total	3,789,965
Accumulated Depreciation	1,494,249
Total real estate, net	2,295,716	2,386,845
Encumbrances	$ 113,151
Los Angeles, CA
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	12,143
Initial Cost
Land and Improvements	$ 825,381
Building / Construction in Progress & Improvements	2,278,540
Costs Subsequent to Acquisition / Construction	557,262
Total Cost
Land and Improvements	825,381
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	2,835,802
Total	3,661,183
Accumulated Depreciation	1,128,846
Total real estate, net	2,532,337	2,606,696
Encumbrances	$ 183,150
Orange County, CA
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	3,371
Initial Cost
Land and Improvements	$ 141,288
Building / Construction in Progress & Improvements	543,254
Costs Subsequent to Acquisition / Construction	119,080
Total Cost
Land and Improvements	141,288
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	662,334
Total	803,622
Accumulated Depreciation	283,283
Total real estate, net	520,339	536,240
Encumbrances	$ 0
San Diego, CA
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	1,767
Initial Cost
Land and Improvements	$ 61,540
Building / Construction in Progress & Improvements	191,536
Costs Subsequent to Acquisition / Construction	98,364
Total Cost
Land and Improvements	61,540
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	289,900
Total	351,440
Accumulated Depreciation	152,915
Total real estate, net	198,525	204,991
Encumbrances	$ 0
Southern California
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	17,281
Initial Cost
Land and Improvements	$ 1,028,209
Building / Construction in Progress & Improvements	3,013,330
Costs Subsequent to Acquisition / Construction	774,706
Total Cost
Land and Improvements	1,028,209
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	3,788,036
Total	4,816,245
Accumulated Depreciation	1,565,044
Total real estate, net	3,251,201	3,347,927
Encumbrances	$ 183,150
North Carolina
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	500
Initial Cost
Land and Improvements	$ 25,654
Building / Construction in Progress & Improvements	176,657
Costs Subsequent to Acquisition / Construction	7,536
Total Cost
Land and Improvements	25,654
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	184,193
Total	209,847
Accumulated Depreciation	19,401
Total real estate, net	190,446	193,659
Encumbrances	$ 0
Texas
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	425
Initial Cost
Land and Improvements	$ 15,073
Building / Construction in Progress & Improvements	98,057
Costs Subsequent to Acquisition / Construction	5,105
Total Cost
Land and Improvements	15,073
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	103,162
Total	118,235
Accumulated Depreciation	14,595
Total real estate, net	103,640	107,962
Encumbrances	$ 0
Expansion Regions
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	925
Initial Cost
Land and Improvements	$ 40,727
Building / Construction in Progress & Improvements	274,714
Costs Subsequent to Acquisition / Construction	12,641
Total Cost
Land and Improvements	40,727
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	287,355
Total	328,082
Accumulated Depreciation	33,996
Total real estate, net	294,086	301,621
Encumbrances	$ 0
Same Store
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	74,730
Initial Cost
Land and Improvements	$ 4,187,849
Building / Construction in Progress & Improvements	15,696,256
Costs Subsequent to Acquisition / Construction	2,514,873
Total Cost
Land and Improvements	4,187,849
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	18,211,129
Total	22,398,978
Accumulated Depreciation	7,183,770
Total real estate, net	15,215,208	15,731,734
Encumbrances	$ 681,001
Other Stabilized Communities
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	5,588
Initial Cost
Land and Improvements	$ 394,135
Building / Construction in Progress & Improvements	1,596,934
Costs Subsequent to Acquisition / Construction	131,828
Total Cost
Land and Improvements	394,135
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	1,728,762
Total	2,122,897
Accumulated Depreciation	267,657
Total real estate, net	1,855,240	1,633,237
Encumbrances	$ 63,041
Other Stabilized Communities | Avalon Brea Place
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	653
Initial Cost
Land and Improvements	$ 72,925
Building / Construction in Progress & Improvements	220,062
Costs Subsequent to Acquisition / Construction	36
Total Cost
Land and Improvements	72,925
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	220,098
Total	293,023
Accumulated Depreciation	17,267
Total real estate, net	275,756	282,419
Encumbrances	$ 0
Other Stabilized Communities | AVA RiNo
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	246
Initial Cost
Land and Improvements	$ 15,152
Building / Construction in Progress & Improvements	71,666
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	15,152
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	71,666
Total	86,818
Accumulated Depreciation	5,460
Total real estate, net	81,358	84,033
Encumbrances	$ 0
Other Stabilized Communities | Avalon Flatirons
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	207
Initial Cost
Land and Improvements	$ 7,390
Building / Construction in Progress & Improvements	87,130
Costs Subsequent to Acquisition / Construction	1,399
Total Cost
Land and Improvements	7,390
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	88,529
Total	95,919
Accumulated Depreciation	8,030
Total real estate, net	87,889	91,038
Encumbrances	$ 0
Other Stabilized Communities | Avalon Miramar Park Place
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	650
Initial Cost
Land and Improvements	$ 50,919
Building / Construction in Progress & Improvements	230,931
Costs Subsequent to Acquisition / Construction	15,110
Total Cost
Land and Improvements	50,919
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	246,041
Total	296,960
Accumulated Depreciation	29,089
Total real estate, net	267,871	277,761
Encumbrances	$ 0
Other Stabilized Communities | Avalon Woburn
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	350
Initial Cost
Land and Improvements	$ 21,576
Building / Construction in Progress & Improvements	97,844
Costs Subsequent to Acquisition / Construction	787
Total Cost
Land and Improvements	21,576
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	98,631
Total	120,207
Accumulated Depreciation	8,238
Total real estate, net	111,969	115,430
Encumbrances	$ 0
Other Stabilized Communities | Avalon 555 President
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	400
Initial Cost
Land and Improvements	$ 13,168
Building / Construction in Progress & Improvements	121,333
Costs Subsequent to Acquisition / Construction	45
Total Cost
Land and Improvements	13,168
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	121,378
Total	134,546
Accumulated Depreciation	15,749
Total real estate, net	118,797	125,018
Encumbrances	$ 0
Other Stabilized Communities | Avalon Foundry Row
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	437
Initial Cost
Land and Improvements	$ 11,132
Building / Construction in Progress & Improvements	86,261
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	11,132
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	86,261
Total	97,393
Accumulated Depreciation	8,529
Total real estate, net	88,864	91,611
Encumbrances	$ 0
Other Stabilized Communities | Avalon Highland Creek
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	260
Initial Cost
Land and Improvements	$ 4,586
Building / Construction in Progress & Improvements	71,200
Costs Subsequent to Acquisition / Construction	1,822
Total Cost
Land and Improvements	4,586
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	73,022
Total	77,608
Accumulated Depreciation	5,715
Total real estate, net	71,893	75,672
Encumbrances	$ 0
Other Stabilized Communities | Avalon Mooresville
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	203
Initial Cost
Land and Improvements	$ 3,770
Building / Construction in Progress & Improvements	47,565
Costs Subsequent to Acquisition / Construction	958
Total Cost
Land and Improvements	3,770
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	48,523
Total	52,293
Accumulated Depreciation	856
Total real estate, net	51,437	0
Encumbrances	$ 0
Other Stabilized Communities | Avalon Addison
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	196
Initial Cost
Land and Improvements	$ 11,174
Building / Construction in Progress & Improvements	57,809
Costs Subsequent to Acquisition / Construction	1,237
Total Cost
Land and Improvements	11,174
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	59,046
Total	70,220
Accumulated Depreciation	4,958
Total real estate, net	65,262	67,180
Encumbrances	$ 0
Other Stabilized Communities | Avalon Frisco at Main
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	360
Initial Cost
Land and Improvements	$ 11,919
Building / Construction in Progress & Improvements	68,210
Costs Subsequent to Acquisition / Construction	3,301
Total Cost
Land and Improvements	11,919
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	71,511
Total	83,430
Accumulated Depreciation	3,066
Total real estate, net	80,364	0
Encumbrances	$ 0
Other Stabilized Communities | Avalon West Plano
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	568
Initial Cost
Land and Improvements	$ 14,100
Building / Construction in Progress & Improvements	115,399
Costs Subsequent to Acquisition / Construction	7,880
Total Cost
Land and Improvements	14,100
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	123,279
Total	137,379
Accumulated Depreciation	4,503
Total real estate, net	132,876	0
Encumbrances	$ 63,041
Other Stabilized Communities | AVA Ballston
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	344
Initial Cost
Land and Improvements	$ 7,291
Building / Construction in Progress & Improvements	29,177
Costs Subsequent to Acquisition / Construction	28,545
Total Cost
Land and Improvements	7,291
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	57,722
Total	65,013
Accumulated Depreciation	39,188
Total real estate, net	25,825	27,056
Encumbrances	$ 0
Other Stabilized Communities | AVA Ballston Square
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	714
Initial Cost
Land and Improvements	$ 71,640
Building / Construction in Progress & Improvements	215,937
Costs Subsequent to Acquisition / Construction	60,475
Total Cost
Land and Improvements	71,640
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	276,412
Total	348,052
Accumulated Depreciation	104,173
Total real estate, net	243,879	243,726
Encumbrances	0
Other Stabilized Communities | The Park Loggia
Initial Cost
Land and Improvements	77,393
Building / Construction in Progress & Improvements	76,410
Costs Subsequent to Acquisition / Construction	10,233
Total Cost
Land and Improvements	77,393
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	86,643
Total	164,036
Accumulated Depreciation	12,836
Total real estate, net	151,200	152,293
Encumbrances	$ 0
Development Communities
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	7,629
Initial Cost
Land and Improvements	$ 128,975
Building / Construction in Progress & Improvements	714,544
Costs Subsequent to Acquisition / Construction	1,213,990
Total Cost
Land and Improvements	128,975
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	1,928,534
Total	2,057,509
Accumulated Depreciation	20,714
Total real estate, net	2,036,795	1,230,659
Encumbrances	$ 0
Development Communities | Avalon West Dublin
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	499
Initial Cost
Land and Improvements	$ 9,003
Building / Construction in Progress & Improvements	53,197
Costs Subsequent to Acquisition / Construction	177,920
Total Cost
Land and Improvements	9,003
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	231,117
Total	240,120
Accumulated Depreciation	280
Total real estate, net	239,840	157,784
Encumbrances	$ 0
Development Communities | Avalon Westminster Promenade
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	312
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	91,833
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	91,833
Total	91,833
Accumulated Depreciation	0
Total real estate, net	91,833	48,830
Encumbrances	$ 0
Development Communities | Avalon Governor's Park
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	304
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	106,898
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	106,898
Total	106,898
Accumulated Depreciation	0
Total real estate, net	106,898	44,987
Encumbrances	$ 0
Development Communities | Avalon Merrick Park
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	254
Initial Cost
Land and Improvements	$ 18,029
Building / Construction in Progress & Improvements	77,160
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	18,029
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	77,160
Total	95,189
Accumulated Depreciation	1,738
Total real estate, net	93,451	85,052
Encumbrances	$ 0
Development Communities | Avalon South Miami
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	290
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	43,909
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	43,909
Total	43,909
Accumulated Depreciation	0
Total real estate, net	43,909	0
Encumbrances	$ 0
Development Communities | Avalon North Andover
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	221
Initial Cost
Land and Improvements	$ 13,612
Building / Construction in Progress & Improvements	61,895
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	13,612
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	61,895
Total	75,507
Accumulated Depreciation	2,190
Total real estate, net	73,317	59,448
Encumbrances	$ 0
Development Communities | Avalon Brighton
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	180
Initial Cost
Land and Improvements	$ 11,157
Building / Construction in Progress & Improvements	76,931
Costs Subsequent to Acquisition / Construction	315
Total Cost
Land and Improvements	11,157
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	77,246
Total	88,403
Accumulated Depreciation	2,048
Total real estate, net	86,355	76,197
Encumbrances	$ 0
Development Communities | Kanso Milford
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	162
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	38,557
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	38,557
Total	38,557
Accumulated Depreciation	0
Total real estate, net	38,557	15,540
Encumbrances	$ 0
Development Communities | Avalon Annapolis
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	508
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	115,599
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	115,599
Total	115,599
Accumulated Depreciation	0
Total real estate, net	115,599	66,119
Encumbrances	$ 0
Development Communities | Avalon Hunt Valley West
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	322
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	29,616
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	29,616
Total	29,616
Accumulated Depreciation	0
Total real estate, net	29,616	0
Encumbrances	$ 0
Development Communities | Avalon Durham
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	336
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	80,784
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	80,784
Total	80,784
Accumulated Depreciation	0
Total real estate, net	80,784	33,214
Encumbrances	$ 0
Development Communities | Avalon Lake Norman
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	345
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	20,233
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	20,233
Total	20,233
Accumulated Depreciation	0
Total real estate, net	20,233	0
Encumbrances	$ 0
Development Communities | Avalon Montville
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	349
Initial Cost
Land and Improvements	$ 1,915
Building / Construction in Progress & Improvements	26,884
Costs Subsequent to Acquisition / Construction	82,146
Total Cost
Land and Improvements	1,915
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	109,030
Total	110,945
Accumulated Depreciation	87
Total real estate, net	110,858	49,944
Encumbrances	$ 0
Development Communities | Avalon Somerville Station
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	374
Initial Cost
Land and Improvements	$ 16,663
Building / Construction in Progress & Improvements	97,348
Costs Subsequent to Acquisition / Construction	321
Total Cost
Land and Improvements	16,663
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	97,669
Total	114,332
Accumulated Depreciation	4,455
Total real estate, net	109,877	98,470
Encumbrances	$ 0
Development Communities | Avalon West Windsor
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	535
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	50,414
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	50,414
Total	50,414
Accumulated Depreciation	0
Total real estate, net	50,414	30,097
Encumbrances	$ 0
Development Communities | Avalon Princeton Shopping Center
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	200
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	25,615
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	25,615
Total	25,615
Accumulated Depreciation	0
Total real estate, net	25,615	0
Encumbrances	$ 0
Development Communities | Avalon Wayne
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	473
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	23,811
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	23,811
Total	23,811
Accumulated Depreciation	0
Total real estate, net	23,811	0
Encumbrances	$ 0
Development Communities | Avalon Parsippany
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	410
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	17,012
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	17,012
Total	17,012
Accumulated Depreciation	0
Total real estate, net	17,012	0
Encumbrances	$ 0
Development Communities | Avalon Princeton Circle
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	221
Initial Cost
Land and Improvements	$ 11,705
Building / Construction in Progress & Improvements	73,366
Costs Subsequent to Acquisition / Construction	55
Total Cost
Land and Improvements	11,705
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	73,421
Total	85,126
Accumulated Depreciation	644
Total real estate, net	84,482	42,622
Encumbrances	$ 0
Development Communities | Avalon Harrison
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	143
Initial Cost
Land and Improvements	$ 14,374
Building / Construction in Progress & Improvements	75,589
Costs Subsequent to Acquisition / Construction	198
Total Cost
Land and Improvements	14,374
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	75,787
Total	90,161
Accumulated Depreciation	4,529
Total real estate, net	85,632	80,864
Encumbrances	$ 0
Development Communities | Avalon Harbor Isle
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	172
Initial Cost
Land and Improvements	$ 16,486
Building / Construction in Progress & Improvements	75,196
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	16,486
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	75,196
Total	91,682
Accumulated Depreciation	3,868
Total real estate, net	87,814	89,662
Encumbrances	$ 0
Development Communities | Avalon Amityville
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	338
Initial Cost
Land and Improvements	$ 10,035
Building / Construction in Progress & Improvements	50,071
Costs Subsequent to Acquisition / Construction	62,910
Total Cost
Land and Improvements	10,035
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	112,981
Total	123,016
Accumulated Depreciation	441
Total real estate, net	122,575	81,899
Encumbrances	$ 0
Development Communities | Avalon Bothell Commons
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	467
Initial Cost
Land and Improvements	$ 5,996
Building / Construction in Progress & Improvements	46,907
Costs Subsequent to Acquisition / Construction	164,309
Total Cost
Land and Improvements	5,996
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	211,216
Total	217,212
Accumulated Depreciation	430
Total real estate, net	216,782	126,331
Encumbrances	$ 0
Development Communities | Avalon Redmond Campus
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	214
Initial Cost
Land and Improvements	$ 0
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	81,535
Total Cost
Land and Improvements	0
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	81,535
Total	81,535
Accumulated Depreciation	4
Total real estate, net	81,531	43,599
Encumbrances	0
Land Held for Development
Initial Cost
Land and Improvements	199,062
Building / Construction in Progress & Improvements	0
Costs Subsequent to Acquisition / Construction	0
Total Cost
Land and Improvements	199,062
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	0
Total	199,062
Accumulated Depreciation	0
Total real estate, net	199,062	179,204
Encumbrances	0
Corporate Overhead
Initial Cost
Land and Improvements	9,372
Building / Construction in Progress & Improvements	11,414
Costs Subsequent to Acquisition / Construction	131,230
Total Cost
Land and Improvements	9,372
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount	142,644
Total	152,016
Accumulated Depreciation	85,473
Total real estate, net	66,543	60,902
Encumbrances	$ 7,300,000
Wholly owned properties
Real Estate and Accumulated Depreciation
Number of units in real estate property | home	87,947
2023 Disposals
Total Cost
Total real estate, net		$ 157,071
Unsecured notes
Total Cost
Deferred financing costs and debt discount associated with unsecured and secured notes	$ 43,848
Secured notes
Total Cost
Deferred financing costs and debt discount associated with unsecured and secured notes	$ 18,372