Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Schedule Of Purchase Price Allocations [Table Text Block]

The following table is an allocation of the purchase price (in thousands):

Land	$	4,770
Buildings and improvements		18,276
Furniture, fixtures and equipment		2,284
In-place leases		1,524
Other		(377)
Fair value of debt at acquisition		(16,901)
		9,576
Less estimated fair value of interest owned prior to acquisition		(1,915)
	$	7,661

On March 2, 2013, the Company acquired 100% of the ownership interests in Campus Crest at Toledo, Ohio, a 382 unit and 629 bed property on the campus of the University of Toledo for approximately $13.8 million. The following table is an allocation of the purchase price (in thousands):

Land	$	2,855
In-place leases		469
Buildings and improvements		9,496
Furniture and fixtures		102
Other		879
	$	13,801