Investments in Real Estate Entities (Tables)

3 Months Ended

Mar. 31, 2018

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):

	3/31/2018		12/31/2017
	(unaudited)		(unaudited)
Assets:
Real estate, net	$	689,612	$	695,077
Other assets	38,084		39,976
Total assets	$	727,696	$	735,053
Liabilities and partners' capital:
Mortgage notes payable, net and credit facility	$	523,008	$	523,815
Other liabilities	13,406		10,540
Partners' capital	191,282		200,698
Total liabilities and partners' capital	$	727,696	$	735,053

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
	3/31/2018			3/31/2017
	(unaudited)
Rental and other income	$	21,801		$	28,642
Operating and other expenses	(8,305		)	(11,094		)
Gain on sale of communities	—			29,447
Interest expense, net	(5,618		)	(6,948		)
Depreciation expense	(5,880		)	(7,327		)
Net income	$	1,998		$	32,720