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

9 Months Ended

Sep. 30, 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 nine months ended September 30, 2014 and year ended December 31, 2013, which we determined using Level two and Level three inputs (amounts in thousands):



	Nine Months Ended September 30, 2014		Year Ended December 31, 2013
Assets acquired
Land	$	43,761	$	41,022
Depreciable property	29,493		87,306
Manufactured homes	769		1,155
In-place leases	773		3,910
Net investment in real estate	74,796		133,393
Other Assets	1,197		1,025
Total Assets acquired	$	75,993	$	134,418

Liabilities assumed
Mortgage notes payable	14,230		5,382
Other liabilities	4,193		1,777
Total Liabilities assumed	18,423		7,159
Net assets acquired	$	57,570	$	127,259