Real Estate Held for Sale (Tables)

6 Months Ended

Jun. 30, 2016

Real Estate [Abstract]

Schedule of Major Classes of Assets and Liabilities of Real Estate Held for Sale

The major classes of assets and liabilities associated with our real estate held for sale as of June 30, 2016 were as follows:

Description	Amount
Land and improvements, net	$	8,050
Building and improvements, net	46,975
Furniture, fixtures and equipment, net	772
Assets associated with real estate held for sale	$	55,797
Notes payable	$	33,500
Deferred financing fees(1)	(375		)
Notes payable, net	33,125
Other	210
Obligations associated with real estate held for sale	$	33,335

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(1) Effective January 1, 2016, we adopted ASU 2015-03, which requires companies to present the debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of the related debt liability. See Note 4, New Accounting Pronouncements, for further details.