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

3 Months Ended

Mar. 31, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisitions for the quarter ended ended March 31, 2015 and year ended December 31, 2014, which we determined using Level-2, for mortgage notes payable and other liabilities, and Level-3 inputs (amounts in thousands):



	Quarter Ended March 31, 2015		Year Ended December 31, 2014
Assets acquired
Land	$	3,623	$	66,390
Buildings and other depreciable property	8,002		52,329
Manufactured homes	53		1,086
In-place leases	622		2,561
Net investment in real estate	12,300		122,366
Other assets	4		1,197
Total Assets acquired	$	12,304	$	123,563

Liabilities assumed
Mortgage notes payable	$	—	$	34,559
Other liabilities	109		6,712
Total Liabilities assumed	$	109	$	41,271
Net assets acquired	$	12,195	$	82,292