Real Estate, Net (Tables)

9 Months Ended

Sep. 30, 2017

Real Estate [Abstract]

Schedule of real estate assets

The following table contains information regarding the Company’s investment in real estate as of the following periods:

	As of September 30, 2017
	Land		Buildings and equipment		Accumulated depreciation			Total
Managed properties	$	19,447	$	208,751	$	(16,283	)	$	211,915
Triple net lease properties	19,741		135,857		(9,455		)	146,143
Foreclosed residential real estate property	—		13,079		—			13,079
Total	$	39,188	$	357,687	$	(25,738	)	$	371,137
	As of December 31, 2016
	Land		Buildings and equipment		Accumulated depreciation			Total
Managed properties	$	16,347	$	189,463	$	(11,212	)	$	194,598
Triple net lease properties	13,778		94,291		(6,610		)	101,459
Foreclosed residential real estate property	—		13,366		—			13,366
Total	$	30,125	$	297,120	$	(17,822	)	$	309,423

Schedule of Other Operating Cost and Expense, by Component [Table Text Block]

The following table presents rental revenues from residential leases at the managed properties for the following periods:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Rental revenues from residential leases	$	14,274	$	12,685	$	42,005	$	35,231

The following table presents the depreciation expense related to the Company’s real estate investments for the following periods:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Depreciation expense on real estate investments	$	2,873	$	1,974	$	7,916	$	5,581

The following table presents the depreciation expense related to furniture, fixtures and equipment for the following periods:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Depreciation expense related to furniture, fixtures and equipment	$	656	$	667	$	1,883	$	1,978

The following table presents the components of other expenses as reported in the condensed consolidated statement of operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Professional fees	$	4,506	$	5,283	$	13,980	$	17,581
Acquisition and transaction costs	25		248		302		631
General and administrative	4,015		3,178		11,552		10,788
Premium taxes	2,810		1,637		8,840		5,480
Mortgage origination expenses	2,406		2,308		6,728		5,944
Property operating expenses	2,635		1,854		7,798		5,439
Rent and related	2,992		3,091		8,998		9,189
Other	3,775		4,087		15,182		13,299
Total other expense	$	23,164	$	21,686	$	73,380	$	68,351

Schedule of future minimum annual rental revenue

The following table presents the future minimum rental revenue under the noncancelable terms of all operating leases related to our triple net lease properties, as of:

	September 30, 2017
Remainder of 2017	$	3,280
2018	13,248
2019	13,519
2020	13,797
2021	15,161
Thereafter	60,999
Total	$	120,004