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Commitments and Contingencies
9 Months Ended
Sep. 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 September 30, 2022, our commitments related to these capital activities totaled approximately $152.1 million, most of which we expect to incur during the next 24 months.

As described in Note 3, we have joint venture commitments to fund a total of $29.6 million for our Edgewater joint venture and DC joint ventures formed during 2022. As of September 30, 2022, we had $14.2 million of remaining commitments. We expect to fund the remaining commitments over the next twelve months.

As of September 30, 2022, we have remaining commitments of $2.7 million related to four investments in privately held entities that develop technology related to the real estate industry. The timing of funding 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. 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.