Investment in Real Estate

3 Months Ended

Mar. 31, 2014

Real Estate [Abstract]

Investment in Real Estate

Investment in Real Estate

The following table contains information regarding the Company’s investment in real estate as of March 31, 2014 and December 31, 2013:

	March 31, 2014			December 31, 2013
Land	$	9,213		$	9,213
Buildings and Improvements	99,414			97,671
Less: Accumulated depreciation and amortization	(2,774		)	(1,823		)
Total real estate, net	$	105,853		$	105,061

The Company completed a preliminary assessment of the allocation of the fair value of the real estate acquired from Heritage (including land, buildings, and equipment) in accordance with ASC 805 Business Combinations. The allocation of the purchase price is preliminary pending the receipt of information necessary to identify and measure the real estate acquired. The Company anticipates finalizing the purchase price allocation as soon as practicable.