Segments (Tables)

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables set forth our segment information for the periods presented (in thousands):

	The Company									Predecessor
							October 19, 2010			January 1, 2010
	Year Ended			Year Ended			Through			Through
	December 31,			December 31,			December 31,			October 18,
	2012			2011			2010			2010
Student Housing Operations:
Revenues from external customers	$	83,084		$	59,709		$	10,786		$	40,736
Operating expenses		61,804			48,442			9,312			38,455
Operating income		21,280			11,267			1,474			2,281
Nonoperating expenses		(10,246	)		(5,176	)		(1,982	)		(13,104	)
Net income (loss)		11,034			6,091			(508	)		(10,823	)
Net income (loss) attributable to noncontrolling interest		106			61			(5	)		(7,609	)
Net income (loss) attributable to Company and Predecessor	$	10,928		$	6,030		$	(503	)	$	(3,214	)
Depreciation and amortization	$	23,521		$	19,832		$	3,911		$	14,660
Total segment assets at end of period	$	640,530		$	511,934		$	361,942
Development, Construction and Management Services:
Revenues from external customers	$	54,295		$	35,084		$	74		$	35,687
Intersegment revenues		77,937			88,443			553			6,813
Total revenues		132,232			123,527			627			42,500
Operating expenses		128,291			115,629			1,731			38,585
Operating income (loss)		3,941			7,898			(1,104	)		3,915
Nonoperating expenses		(12	)		(499	)		(1	)		(31	)
Net income (loss)		3,929			7,399			(1,105	)		3,884
Net income (loss) attributable to noncontrolling interest		38			74			(11	)		-
Net income (loss) attributable to Company and Predecessor	$	3,891		$	7,325		$	(1,094	)	$	3,884
Depreciation and amortization	$	103		$	90		$	17		$	70
Total segment assets at end of period	$	51,141		$	22,818		$	9,758
Reconciliations:
Total segment revenues	$	215,316		$	183,236		$	11,413		$	83,236
Elimination of intersegment revenues		(77,937	)		(88,443	)		(553	)		(6,813	)
Total consolidated and combined revenues	$	137,379		$	94,793		$	10,860		$	76,423
Segment operating income	$	25,221		$	19,165		$	370		$	6,196
Interest expense		(11,545	)		(6,888	)		(2,519	)		(20,836	)
Change in fair value of interest rate derivatives		(216	)		259			146			871
Net unallocated expenses and eliminations		(9,027	)		(10,747	)		(60	)		(6,667	)
Equity in earnings (loss) of unconsolidated entities		361			(1,164	)		(163	)		(259	)
Other income (expense)		(194	)		461			44			43
Gain on purchase of previously unconsolidated entities		6,554			3,159			577			-
Income tax expense		(356	)		(464	)		-			-
Net income (loss)	$	10,798		$	3,781		$	(1,605	)	$	(20,652	)
Total segment assets	$	691,671		$	534,752		$	371,700
Unallocated corporate assets and eliminations		4,649			5,505			(443	)
Total assets at end of period	$	696,320		$	540,257		$	371,257