Investments in Real Estate Entities (Tables)

9 Months Ended

Sep. 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):

	9/30/2018		12/31/2017
	(unaudited)		(unaudited)
Assets:
Real estate, net	$	731,006	$	695,077
Other assets	90,712		39,976
Total assets	$	821,718	$	735,053
Liabilities and partners' capital:
Mortgage notes payable, net and credit facility	$	492,965	$	523,815
Other liabilities	16,583		10,540
Partners' capital	312,170		200,698
Total liabilities and partners' capital	$	821,718	$	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 nine months ended
	9/30/2018			9/30/2017			9/30/2018			9/30/2017
	(unaudited)						(unaudited)
Rental and other income	$	24,535		$	24,568		$	68,324		$	79,999
Operating and other expenses	(8,749		)	(9,378		)	(26,066		)	(30,386		)
Gain on sale of communities	30,597			107,067			30,597			136,514
Interest expense, net	(5,938		)	(7,867		)	(17,130		)	(21,415		)
Depreciation expense	(6,288		)	(5,938		)	(18,704		)	(20,059		)
Net income	$	34,157		$	108,452		$	37,021		$	144,653