Investments in Real Estate Entities (Tables)

6 Months Ended

Jun. 30, 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):

	6/30/2018		12/31/2017
	(unaudited)		(unaudited)
Assets:
Real estate, net	$	684,423	$	695,077
Other assets	35,006		39,976
Total assets	$	719,429	$	735,053
Liabilities and partners' capital:
Mortgage notes payable, net and credit facility	$	521,950	$	523,815
Other liabilities	11,857		10,540
Partners' capital	185,622		200,698
Total liabilities and partners' capital	$	719,429	$	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						For the six months ended
	6/30/2018			6/30/2017			6/30/2018			6/30/2017
	(unaudited)						(unaudited)
Rental and other income	$	21,916		$	26,789		$	43,717		$	55,432
Operating and other expenses	(8,104		)	(9,914		)	(16,409		)	(21,009		)
Gain on sale of communities	—			—			—			29,447
Interest expense, net	(5,571		)	(6,600		)	(11,189		)	(13,548		)
Depreciation expense	(5,894		)	(6,795		)	(11,774		)	(14,122		)
Net income	$	2,347		$	3,480		$	4,345		$	36,200