Subsequent Events

9 Months Ended

Sep. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

The Company has evaluated subsequent events through the date on which this Form 10-Q was filed, the date on which these financial statements were issued, and identified the items below for discussion.

In October 2024, the Company had the following activity:

•The Company sold Avalon New Canaan, located in New Canaan, CT, containing 104 apartment homes for $75,000,000.

•The Company acquired Avalon Townhomes at Bee Cave, located in Bee Cave, TX, containing 126 townhomes for a purchase price of $49,000,000.

•The District of Columbia filed a motion asking the court to reconsider the Company's dismissal from the D.C. Antitrust Litigation or give the District of Columbia leave to amend its original complaint. The Company intends to file a reply opposing this motion. The Company is unable to predict the outcome or estimate the loss, if any, that would result from the lawsuit if the court were to grant the District of Columbia’s motion, or if the District of Columbia were to appeal the lawsuit and the appeal were to be granted. See Note 7, "Commitments and Contingencies," for further discussion of the D.C. Antitrust Litigation.