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Real Estate Acquisitions , Schedule of Purchase Price Allocation (Details) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Jun. 30, 2011
Kentland [Member]
May 31, 2011
Orange City [Member]
Nov. 30, 2011
Cider Mill Crossings [Member]
Feb. 29, 2012
Florida Properties [Member]
Dec. 31, 2011
Florida Properties [Member]
At acquistion date            
Investment in property $ 189,187 $ 131,228 $ 6,460 $ 2,088 $ 25,384 $ 24,027
Inventory of manufactured homes 1,298 1,150 0 0 112 36
Notes 3,542 3,542 0 0 0 0
In-place leases 9,580 9,200 10 0 180 190
Other assets 1,366 1,269 0 0 0 97
Other liabilities (6,176) (2,067) 0 (1,678) (1,194) (1,237)
Assumed debt (52,398) (52,398) 0 0 0 0
Total identifiable assets and liabilities assumed 146,399 91,924 6,470 410 24,482 23,113
Consideration            
Cash 60,921 27,383 2,533 410 24,482 [1] 6,113
Preferred OP units 45,548 45,548 0 0 0 0
New debt proceeds 39,930 18,993 3,937 0 0 17,000
Fair value of total consideration transferred $ 146,399 $ 91,924 $ 6,470 $ 410 $ 24,482 $ 23,113
[1] Subsequent to the acquisition, on March 30, 2012, the Additional Florida Properties were encumbered with a $19.0 million loan through Bank of America and The PrivateBank (See Note 8).