Impact of Hurricane Harvey (Tables)

12 Months Ended

Dec. 31, 2017

Extraordinary And Unusual Items [Abstract]

Impact of Catastrophic Event on Financial Results

The following amounts are included in our financial results for the year ended December 31, 2017 (amounts in thousands):  

Property write-down (a.)	$	3,578
Hurricane related expenses (b.)		1,389
Total hurricane-related expenses	$	4,967
Insurance recoveries received		(7,000	)
Insurance recoveries in excess of damaged property write-down	$	2,033

(a.) Consists of the aggregate net book values of the estimated damaged depreciable assets at each property based upon our assessments of the real estate assets.  Since the net book values of the damaged assets were not separately determinable, the write-downs were determined using a systematic and rational method to allocate the long lives asset’s carrying amounts to the affected components.

(b.) Consists of the aggregate remediation, demolition and general clean-up costs for the properties listed above.