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Investments in Real Estate Entities (Tables) | 6 Months Ended
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Jun. 30, 2017
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):
| 6/30/2017 |  | 12/31/2016
| (unaudited) |  | (unaudited)
Assets: |  |  |  |  |
Real estate, net | $ | 856,588 |  |  | $ | 954,493 |
Other assets | 48,248 |  |  | 49,519 |
Total assets | $ | 904,836 |  |  | $ | 1,004,012 |
Liabilities and partners' capital: |  |  |  |  |
Mortgage notes payable, net and credit facility | $ | 623,708 |  |  | $ | 689,573 |
Other liabilities | 14,230 |  |  | 16,537 |
Partners' capital | 266,898 |  |  | 297,902 |
Total liabilities and partners' capital | $ | 904,836 |  |  | $ | 1,004,012 |
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 six months ended
| 6/30/2017 |  | 6/30/2016 |  | 6/30/2017 |  | 6/30/2016
| (unaudited) |  | (unaudited)
Rental and other income | $ | 26,789 |  |  | $ | 33,808 |  |  | $ | 55,432 |  |  | $ | 70,763 |
Operating and other expenses | (9,914 | ) |  | (12,967 | ) |  | (21,009 | ) |  | (27,137 | )
Gain on sale of communities | — |  |  | 76,934 |  |  | 29,447 |  |  | 180,256 |
Interest expense, net (1) | (6,600 | ) |  | (9,938 | ) |  | (13,548 | ) |  | (29,938 | )
Depreciation expense | (6,795 | ) |  | (8,707 | ) |  | (14,122 | ) |  | (17,947 | )
Net income | $ | 3,480 |  |  | $ | 79,130 |  |  | $ | 36,200 |  |  | $ | 175,997 |
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(1) | Amounts for the three and six months ended June 30, 2016 include charges for prepayment penalties and write-offs of deferred financing costs of

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