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

3 Months Ended

Mar. 31, 2014

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 quarter ended March 31, 2014 and year ended December 31, 2013, which we determined using level two and level three inputs (amounts in thousands):



	Quarter Ended March 31, 2014		Year Ended December 31, 2013
Assets acquired
Land	$	40,807	$	41,022
Depreciable property	20,632		87,306
Manufactured homes	769		1,155
In-place leases	773		3,910
Net investment in real estate	$	62,981	$	133,393
Other Assets	$	1,197	$	1,025
Total Assets acquired	$	64,178	$	134,418

Liabilities assumed
Mortgage notes payable	14,230		5,382
Other liabilities	2,757		1,777
Total Liabilities assumed	16,987		7,159
Net assets acquired	$	47,191	$	127,259