BUSINESS COMBINATIONS AND ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of acquisition date fair values, before prorations recorded in conjunction with acquisitions

	Three Months Ended
	March 31,
	2018		2017
Land, building, tenant improvements and FF&E	$	4,579	$	8,809
Other liabilities		(54)		-
Net assets acquired		4,525		8,809
Equity/limited partnership unit consideration		(1,546)		(6,760)
Net cash consideration	$	2,979	$	2,049

Real Estate Property Acquisitions 2018

Schedule of acquisitions

Date	Property Name	Location	Property Type	Units/ Square Footage/ Acres	Acquisition Price		Prorata Acquisition Price
3/1/18	Thunder Creek Apartments	Fargo, ND	Apartment complex	57 units	$	4,460	$	4,460	(a)

(a) Acquisition price does not include capitalized closing costs and adjustments of $119.

Real Estate Property Acquisitions 2017

Schedule of acquisitions

Date	Property Name	Location	Property Type	Units/ Square Footage/ Acres	Acquisition Price		Prorata Acquisition Price
1/10/17	Sargent Apartments	Fargo, ND	Apartment complex	36 units	$	1,710	$	1,710
1/11/17	Arrowhead Apartments	Grand Forks, ND	Apartment complex	82 units		5,494		5,494
1/17/17	West Oak Apartments	Fargo, ND	Apartment complex	18 units		777		777
1/17/17	Carr Apartments	Fargo, ND	Apartment complex	18 units		828		828
					$	8,809	$	8,809