Student Housing Properties

3 Months Ended

Mar. 31, 2013

Real Estate [Abstract]

Real Estate Disclosure [Text Block]

3. Student Housing Properties

The following is a summary of our student housing properties, net for the periods presented (in thousands):

	March 31,			December 31,
	2013			2012
Land	$	56,756		$	53,984
Buildings and improvements		564,322			552,984
Furniture, fixtures and equipment		63,851			62,419
		684,929			669,387
Less: accumulated depreciation		(104,019	)		(97,820	)
	$	580,910		$	571,567

In March 2013, we acquired a 100% ownership in Campus Crest at Toledo, Ohio resulting in an increase to our student housing properties (see Note 4).