Real Estate Disposition Activities

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Real Estate Disposition Activities

Real Estate Disposition Activities

The following real estate sales occurred during the nine months ended September 30, 2024 (dollars in thousands):

Community name	Location	Period of sale	Apartment homes	Gross sales price		Gain on  disposition (1)		Commercial square feet
AVA Belltown	Seattle, WA	Q2 2024	100	$	34,000	$	22,673	1,000
AVA North Hollywood	Los Angeles, CA	Q2 2024	156	$	62,100	$	874	11,000
Avalon Hackensack at Riverside	Hackensack, NJ	Q2 2024	226	$	85,600	$	44,834	—
AVA Theater District	Boston, MA	Q3 2024	398	$	212,000	$	77,254	—
Avalon Darien	Darien, CT	Q3 2024	189	$	120,000	$	95,732	—

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(1)    Gain on disposition was reported in gain on sale of communities on the accompanying Condensed Consolidated Statements of Comprehensive Income.

At September 30, 2024, the Company had two real estate assets that qualified as held for sale.