Investment in Real Estate Schedule of Identified Assets Acquired and Liabilities Assumed (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

We engaged a third-party to assist with our purchase price allocation for the acquisitions. The allocation of the fair values of the assets acquired and liabilities assumed is subject to further adjustment due primarily to information not readily available at the acquisition date and final purchase price settlement with the sellers in accordance with the terms of the purchase agreement. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisitions for the quarter ended September 30, 2013, which we determined using level two and level three inputs (amounts in thousands):



	As of September 30, 2013
Assets acquired
Land	$	39,232
Depreciable property	82,333
Manufactured homes	1,155
In-place leases	3,910
Total Assets acquired	$	126,630