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Business Acquisitions (Tables)
3 Months Ended
Mar. 31, 2015
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
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the provisional fair values of the assets acquired and liabilities assumed from the First CB Closing discussed above:
 
 
 
January 30,
 
 
 
2015
 
Assets acquired:
 
 
 
 
Land
 
$
41,309
 
Buildings
 
 
504,960
 
Furniture, fixtures and equipment
 
 
19,192
 
Intangibles
 
 
29,692
 
Other assets, including cash of $5,074
 
 
7,882
 
Total assets acquired
 
$
603,035
 
 
 
 
 
 
Liabilities assumed:
 
 
 
 
Mortgage, construction loans and other debt
 
$
263,786
 
Other liabilities
 
 
9,378
 
Total liabilities assumed
 
$
273,164
 
 
 
 
 
 
Net assets acquired
 
$
329,871
 
Business Acquisition, Pro Forma Information [Table Text Block]
The pro forma information is provided for informational purposes only and is not indicative of results that would have occurred or which may occur in the future:
 
 
 
Pro Forma
 
 
 
Three Months Ended March 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Total revenues
 
$
48,298
 
$
38,422
 
Net loss
 
$
(11,761)
 
$
(9,885)
 
Net loss attributable to common shareholders
 
$
(10,773)
 
$
(11,333)