Investment in Real Estate (Tables)

12 Months Ended

Dec. 31, 2014

Notes To Financial Statements [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisitions for the years ended December 31, 2014, 2013, and 2012 which we determined using Level-2 for mortgage notes payable and other liabilities and Level-3 inputs (amounts in thousands):

	2014		2013		2012
Assets acquired
Land	$	66,390	$	41,022	$	4,410
Depreciable property	52,329		87,306		18,491
Manufactured homes	1,086		1,155		—
In-place leases	2,561		3,910		2,099
Net investment in real estate	$	122,366	$	133,393	$	25,000
Other assets	1,197		1,025		29
Total Assets acquired	$	123,563	$	134,418	$	25,029
Liabilities assumed
Mortgage notes payable	$	34,559	$	5,382	$	—
Other liabilities	6,712		1,777		816
Total liabilities assumed	$	41,271	$	7,159	$	816
Net assets acquired	$	82,292	$	127,259	$	24,213

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The following table summarizes the components of income and expense relating to discontinued operations for the years ended December 31, 2013 and 2012 (amounts in thousands):

	Years Ended
	December 31,
	2013			2012
Community base rental home income	$	11,565		$	19,564
Rental income	1,948			2,416
Utility and other income	1,384			1,961
Discontinued property operating revenues	14,897			23,941
Property operating expenses	6,126			9,561
Income from discontinued property operations	8,771			14,380
Loss from home sales operations	(78		)	(110		)
Other income and expenses	332			868
Interest and amortization	(355		)	(534		)
Depreciation and in place lease amortization	(1,537		)	(8,488		)
Discontinued operations, net	$	7,133		$	6,116