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

9 Months Ended

Sep. 30, 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 nine months ended September 30, 2015 and December 31, 2014, which we determined using Level-2, for mortgage notes payable and other liabilities, and Level-3 inputs (amounts in thousands):



	Nine months ended		Year Ended
	September 30, 2015		December 31, 2014
Assets acquired
Land	$	8,995	$	66,390
Buildings and other depreciable property	13,977		52,329
Manufactured homes	306		1,086
In-place leases	622		2,561
Net investment in real estate	23,900		122,366
Other assets	53		1,197
Total Assets acquired	$	23,953	$	123,563

Liabilities assumed
Mortgage notes payable	$	—	$	34,559
Other liabilities	266		6,712
Total Liabilities assumed	$	266	$	41,271
Net assets acquired	$	23,687	$	82,292