Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment's Contribution to Consolidated Revenues and Net Operating Income

Asset cost, depreciation and amortization by segment are not presented because such information at the segment level is not reported internally.

	Three months ended						Six months ended
	June 30,						June 30,
	2016			2015			2016			2015
Revenues
Fully stabilized communities	$	91,432		$	88,583		$	181,674		$	175,351
Newly stabilized communities		1,101			1,073			2,178			2,095
Lease-up communities		1,372			23			2,362			23
Other property segments		5,533			5,478			11,419			10,806
Other		283			274			555			587
Consolidated revenues	$	99,721		$	95,431		$	198,188		$	188,862
Contribution to Property Net Operating Income
Fully stabilized communities	$	54,949		$	53,663		$	109,699		$	106,601
Newly stabilized communities		553			550			1,133			1,076
Lease-up communities		586			(173	)		890			(173	)
Other property segments, including corporate management    expenses		(514	)		(395	)		(740	)		(864	)
Consolidated property net operating income		55,574			53,645			110,982			106,640
Interest income		-			43			1			124
Other revenues		283			274			555			587
Depreciation		(22,794	)		(21,418	)		(45,503	)		(42,675	)
Interest expense		(7,534	)		(8,041	)		(15,300	)		(16,414	)
General and administrative		(3,761	)		(4,353	)		(8,647	)		(9,367	)
Investment and development		(33	)		(275	)		(58	)		(510	)
Other investment costs		(76	)		(154	)		(153	)		(288	)
Other expenses		(67	)		-			(400	)		-
Equity in income of unconsolidated real estate entities, net		589			568			1,232			965
Gains on sales of real estate assets, net		-			(298	)		-			1,475
Other income (expense), net		(110	)		(340	)		(505	)		(704	)
Net loss on extinguishment of indebtedness		-			-			-			(197	)
Net income	$	22,071		$	19,651		$	42,204		$	39,636