Consolidated Variable Interest Entities

We consolidate Rudgate Village SPE, LLC; Rudgate Clinton SPE, LLC; and Rudgate Clinton Estates SPE, LLC (collectively, “Rudgate”) as a variable interest entity ("VIE"). We evaluated our arrangement with this property under the guidance set forth in FASB ASC Topic 810 “Consolidation.” We concluded that Rudgate qualified as a VIE where we are the primary beneficiary, as we have power to direct the significant activities, absorb the significant losses and receive the significant benefits from the entity.

During the three months ended June 30, 2017, we acquired the noncontrolling equity interests in Wildwood Mobile Home Park ("Wildwood") held by third parties for total consideration of $0.1 million. Prior to this acquisition, we consolidated Wildwood as a VIE. The acquisition resulted in the Company owning a 100.0 percent controlling interest in Wildwood, and was deemed a VIE reconsideration event. We concluded that Wildwood was no longer a VIE.

The following table summarizes the assets and liabilities included in our Consolidated Balance Sheets after eliminations (in thousands):



	June 30, 2017		December 31, 2016
ASSETS
Investment property, net	$	51,060	$	88,987
Other assets	2,067		3,054
Total Assets	$	53,127	$	92,041

LIABILITIES AND STOCKHOLDERS' EQUITY
Debt	$	42,375	$	62,111
Other liabilities	1,629		1,998
Noncontrolling interests	3,404		(2,982		)
Total Liabilities and Stockholders' Equity	$	47,408	$	61,127

Investment property, net and other assets related to the consolidated VIEs comprised approximately 0.9 percent and 1.6 percent of our consolidated total assets at June 30, 2017 and December 31, 2016, respectively. Debt and other liabilities comprised approximately 1.3 percent and 1.9 percent of our consolidated total liabilities at June 30, 2017 and December 31, 2016, respectively. Noncontrolling interests related to the consolidated VIEs comprised less than 1.0 percent of our consolidated total stockholder's equity at June 30, 2017 and December 31, 2016.