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Real Estate Acquisitions and Dispositions (Tables)
3 Months Ended
Mar. 31, 2016
Business Acquisition [Line Items]  
Schedule of Purchase Price Allocation
The following tables summarize the amounts of the assets acquired and liabilities assumed at the acquisition dates and the consideration paid for the acquisition completed in 2016 (in thousands):

At Acquisition Date
 
Hill Country (1)
 
Kimberly Estates (1)
 
Total
Investment in property
 
$
29,990

 
$
7,313

 
$
37,303

Inventory of manufactured homes
 

 
97

 
97

In-place leases and other intangible assets
 
10

 
340

 
350

Total identifiable assets acquired and liabilities assumed
 
$
30,000

 
$
7,750

 
$
37,750

 
 
 
 
 
 
 
Consideration
 
 
 
 
 
 
Proceeds from prior dispositions held in escrow
 
$
30,000

 
$
7,750

 
$
37,750


Schedule of Revenue and Net Income from Acquisitions
The amount of revenue and net income included in the Consolidated Statements of Operations for the three months ended March 31, 2016 related to the acquisitions completed in 2016 is set forth in the following table (in thousands):

 
Three Months Ended March 31, 2016
 
(unaudited)
Revenue
$
280

Net income
$
188

Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information presents the results of our operations for the three months ended March 31, 2016 and 2015 as if the properties were acquired on January 1, 2015. The unaudited pro forma results reflect certain adjustments for items that are not expected to have a continuing impact, such as adjustments for transaction costs incurred, management fees, and purchase accounting. The information presented below has been prepared for comparative purposes only and does not purport to be indicative of either future results of operations or the results of operations that would have actually occurred had the acquisitions been consummated on January 1, 2015 (in thousands, except per-share data).

 
Three Months Ended March 31,
 
(unaudited)
 
2016
 
2015
Total revenues
$
175,547

 
$
156,498

Net income attributable to Sun Communities, Inc. common stockholders
$
8,243

 
$
7,069

Net income per share attributable to Sun Communities, Inc. common stockholders - basic
$
0.16

 
$
0.13

Net income per share attributable to Sun Communities, Inc. common stockholders - diluted
$
0.16

 
$
0.13