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Real Estate Activities (Tables)
12 Months Ended
Dec. 31, 2015
Real Estate [Abstract]  
Net Income Attributable to Noncontrolling Interest

The net income and net income attributable to the Company, including gains on sales of real estate assets and debt extinguishment losses related to these communities for 2014 and 2013 were as follows:

 

 

 

Year ended December 31,

 

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

Net income

 

$

176,041

 

 

$

2,717

 

 

 

 

 

 

 

 

 

 

Net income, net of noncontrolling interest

 

$

153,456

 

 

$

2,610

 

 

Summary of Revenues and Expenses of Income from Discontinued Operations

Income from discontinued operations included the results of operations of the apartment community through its sale date in October 2013. The revenues and expenses for this community in 2013 were as follows:

 

 

 

Year ended

 

 

 

 

 

December 31, 2013

 

 

 

Revenues

 

 

 

 

 

 

Rental

 

$

3,557

 

 

 

Other property revenues

 

 

356

 

 

 

Total revenues

 

 

3,913

 

 

 

Expenses

 

 

 

 

 

 

Property operating and maintenance

 

 

1,679

 

 

 

Depreciation

 

 

527

 

 

 

Interest

 

 

289

 

 

 

Total expenses

 

 

2,495

 

 

 

Income from discontinued property operations

 

$

1,418