Real Estate Disposition Activities (Tables)

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Summary of Real Estate Sales

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.