Commitments and Contingencies	6 Months Ended
Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 4 — Commitments and Contingencies Commitments In connection with our development, redevelopment, and other capital additions activities, we have entered into various construction-related contracts, and have made commitments to complete development and redevelopment of certain real estate, pursuant to financing or other arrangements. As of June 30, 2022, our commitments related to these capital activities totaled approximately $188.4 million, most of which we expect to incur during the next 24 months. As described in Note 3, we are under contract to acquire, for $36.0 million, the two remaining land parcels of a nine-acre development site in Fort Lauderdale. As of June 30, 2022, we reserved $7.2 million which was held in escrow in the seller’s name. As of June 30, 2022, our remaining commitment is $28.8 million, which we expect to incur over the next twelve months. As described in Note 3, we have a commitment to fund a total of $26.0 million for our Edgewater joint venture and DC joint ventures formed during 2022. As of June 30, 2022, our remaining commitments are $12.0 million, which we expect to incur over the next twelve months. As of June 30, 2022, we have unfunded commitments in the amount of $2.9 million related to four investments in privately held entities that develop technology related to the real estate industry. The timing of these funding commitments is uncertain. We enter into certain commitments for future purchases of goods and services in connection with the operations of our apartment communities. Those commitments generally have terms of one year or less and reflect expenditure levels comparable to our historical expenditures. Legal Matters From time to time, we may be a party to certain legal proceedings, incidental to the normal course of business. While the outcome of the legal proceedings cannot be predicted with certainty, we believe there are no legal proceedings pending that would have a material effect upon our financial condition or results of operations.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Note 4 — Commitments and Contingencies

Commitments

In connection with our development, redevelopment, and other capital additions activities, we have entered into various construction-related contracts, and have made commitments to complete development and redevelopment of certain real estate, pursuant to financing or other arrangements. As of June 30, 2022, our commitments related to these capital activities totaled approximately $188.4 million, most of which we expect to incur during the next 24 months.

As described in Note 3, we are under contract to acquire, for $36.0 million, the two remaining land parcels of a nine-acre development site in Fort Lauderdale. As of June 30, 2022, we reserved $7.2 million which was held in escrow in the seller’s name. As of June 30, 2022, our remaining commitment is $28.8 million, which we expect to incur over the next twelve months.

As described in Note 3, we have a commitment to fund a total of $26.0 million for our Edgewater joint venture and DC joint ventures formed during 2022. As of June 30, 2022, our remaining commitments are $12.0 million, which we expect to incur over the next twelve months.

As of June 30, 2022, we have unfunded commitments in the amount of $2.9 million related to four investments in privately held entities that develop technology related to the real estate industry. The timing of these funding commitments is uncertain.

We enter into certain commitments for future purchases of goods and services in connection with the operations of our apartment communities. Those commitments generally have terms of one year or less and reflect expenditure levels comparable to our historical expenditures.

Legal Matters

From time to time, we may be a party to certain legal proceedings, incidental to the normal course of business. While the outcome of the legal proceedings cannot be predicted with certainty, we believe there are no legal proceedings pending that would have a material effect upon our financial condition or results of operations.