Investments in Real Estate Entities (Tables)

6 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Combined summary of the financial position of the entities accounted for using the equity method

The following is a combined summary of the financial position of the entities accounted for using the equity method discussed above as of the dates presented (dollars in thousands):

	6/30/2017		12/31/2016
	(unaudited)		(unaudited)
Assets:
Real estate, net	$	856,588	$	954,493
Other assets	48,248		49,519
Total assets	$	904,836	$	1,004,012
Liabilities and partners' capital:
Mortgage notes payable, net and credit facility	$	623,708	$	689,573
Other liabilities	14,230		16,537
Partners' capital	266,898		297,902
Total liabilities and partners' capital	$	904,836	$	1,004,012

Combined summary of the operating results of the entities accounted for using the equity method

The following is a combined summary of the operating results of the entities accounted for using the equity method discussed above for the periods presented (dollars in thousands):

	For the three months ended						For the six months ended
	6/30/2017			6/30/2016			6/30/2017			6/30/2016
	(unaudited)						(unaudited)
Rental and other income	$	26,789		$	33,808		$	55,432		$	70,763
Operating and other expenses	(9,914		)	(12,967		)	(21,009		)	(27,137		)
Gain on sale of communities	—			76,934			29,447			180,256
Interest expense, net (1)	(6,600		)	(9,938		)	(13,548		)	(29,938		)
Depreciation expense	(6,795		)	(8,707		)	(14,122		)	(17,947		)
Net income	$	3,480		$	79,130		$	36,200		$	175,997

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(1) Amounts for the three and six months ended June 30, 2016 include charges for prepayment penalties and write-offs of deferred financing costs of