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Subsequent Events
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

Note 12 – Subsequent Events

Subsequent to June 30, 2022, we purchased the remaining two land parcels of our Flagler Village neighborhood development site in Fort Lauderdale, Florida for $20.0 and $16.0 million.

In July 2022, we sold our Cedar Rim Apartments property located in King County, Washington for $53.0 million. Cedar Rim was classified as a held for sale asset in the second quarter of 2022.

In July 2022, we closed a preferred equity financing arrangement with an institutional equity investor for $102.0 million, accruing at a fixed 8.0% interest rate, related to a portfolio of stabilized assets.

In July 2022, we made the remaining principal and spread maintenance payments on our Notes Payable to AIR of $147.0 and $5.0 million.