Real Estate Disposition Activities (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Details regarding the real estate sales

Details regarding the real estate sales, which resulted in a gain in accordance with GAAP of $363,300,000, excluding for-sale residential condominiums at The Park Loggia, are summarized in the following table (dollars in thousands):

Community name	Location	Period of sale	Apartment homes	Gross sales price		Net cash proceeds		Commercial square feet
AVA Belltown	Seattle, WA	Q2 2024	100	$	34,000	$	32,343	1,000
AVA North Hollywood	Los Angeles, CA	Q2 2024	156	62,100		57,215		11,000
Avalon Hackensack at Riverside	Hackensack, NJ	Q2 2024	226	85,600		83,878		—
AVA Theater District	Boston, MA	Q3 2024	398	212,000		209,893		—
Avalon Darien	Darien, CT	Q3 2024	189	120,000		118,029		—
Avalon New Canaan	New Canaan, CT	Q4 2024	104	75,000		74,113		—
Avalon Berkeley	Berkeley, CA	Q4 2024	94	32,000		31,033		—
AVA Ballard	Seattle, WA	Q4 2024	265	105,500		100,115		12,000
Other real estate	multiple	2024	N/A	—		784		—
Total of 2024 asset sales			1,532	$	726,200	$	707,403	24,000
Total of 2023 asset sales			987	$	446,000	$	440,209	27,000
Total of 2022 asset sales			2,062	$	953,135	$	934,117	—