Investment in Real Estate (Tables)

12 Months Ended

Dec. 31, 2013

Real Estate Held for Sale [Table Text Block]

The following table summarizes the carrying amounts of our investment in real estate held for disposition (at cost) as of December 31, 2013 and 2012 (amounts in thousands):

Properties Held for Disposition

	December 31, 2013		December 31, 2012
Investment in real estate:
Land	$	—	$	28,611
Land improvements	—		65,664
Buildings and other depreciable property	—		32,591
	—		126,866
Accumulated depreciation	—		(15,077		)
Net investment in real estate	$	—	$	111,789

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following table summarizes the combined results of operations of Properties held for disposition for the respective periods that we owned such assets during the years ended December 31, 2013, 2012 and 2011 (amounts in thousands):

	Years Ended
	December 31,
	2013			2012			2011
Community base rental home income	$	11,565		$	19,564		$	9,621
Rental income	1,948			2,416			725
Utility and other income	1,384			1,961			727
Discontinued property operating revenues	14,897			23,941			11,073
Property operating expenses	6,126			9,561			4,290
Income from discontinued property operations	8,771			14,380			6,783
Loss from home sales operations	(78		)	(110		)	(26		)
Other income and expenses	332			868			566
Interest and amortization	(355		)	(534		)	(179		)
Depreciation and in place lease amortization	(1,537		)	(8,488		)	(6,597		)
Discontinued operations, net	$	7,133		$	6,116		$	547

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

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisitions for the year ended December 31, 2013, which we determined using level two and level three inputs (amounts in thousands):

	2013		2012			2011
Assets acquired
Land	$	41,022	$	4,410		$	471,500
Depreciable property	87,306		18,491			855,200
Manufactured homes	1,155		—			24,000
In-place leases	3,910		2,099			74,000
Net investment in real estate	$	133,393	$	25,000		$	1,424,700
Notes receivable	—		—		—	40,000
Other assets	1,025		29			18,300
Total Assets acquired	$	134,418	$	25,029		$	1,483,000
Liabilities assumed
Mortgage notes payable	$	5,382	$	—		$	548,000
Other liabilities	1,777		816			8,000
Total liabilities assumed	$	7,159	$	816		$	556,000
Net consideration paid	$	127,259	$	24,213		$	927,000