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

9 Months Ended

Sep. 30, 2016

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, 2016 and the year ended December 31, 2015, which we determined using Level-2, for mortgage notes payable and other liabilities, and Level-3 inputs for assets (amounts in thousands):



	Nine Months Ended		Year Ended
	September 30, 2016		December 31, 2015
Assets acquired
Land	$	52,090	$	8,985
Buildings and other depreciable property	43,572		13,948
Manufactured homes	39		345
In-place leases	4,447		622
Net investment in real estate	100,148		23,900
Other assets	20		53
Total Assets acquired	$	100,168	$	23,953

Liabilities assumed
Mortgage notes payable	$	22,010	$	—
Other liabilities	1,955		266
Total Liabilities assumed	$	23,965	$	266
Net assets acquired	$	76,203	$	23,687