Student Housing Properties

3 Months Ended

Mar. 31, 2014

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,
	2014		2013
Land	$	63,117	$	58,439
Buildings and improvements		624,755		597,141
Furniture, fixtures and equipment		63,064		60,705
		750,936		716,285
Less: accumulated depreciation		(108,214)		(102,356)
	$	642,722	$	613,929

In January 2014, we acquired the outstanding 80% interest in The Grove at Denton, Texas, from HSRE resulting in an increase to our student housing properties (see Note 4).