Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

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