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Investments in Real Estate Entities (Tables) | 9 Months Ended
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Sep. 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):
| 9/30/2017 |  | 12/31/2016
| (unaudited) |  | (unaudited)
Assets: |  |  |  |  |
Real estate, net | $ | 699,440 |  |  | $ | 954,493 |
Other assets | 46,168 |  |  | 49,519 |
Total assets | $ | 745,608 |  |  | $ | 1,004,012 |
Liabilities and partners' capital: |  |  |  |  |
Mortgage notes payable, net and credit facility | $ | 525,170 |  |  | $ | 689,573 |
Other liabilities | 13,446 |  |  | 16,537 |
Partners' capital | 206,992 |  |  | 297,902 |
Total liabilities and partners' capital | $ | 745,608 |  |  | $ | 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 nine months ended
| 9/30/2017 |  | 9/30/2016 |  | 9/30/2017 |  | 9/30/2016
| (unaudited) |  | (unaudited)
Rental and other income | $ | 24,568 |  |  | $ | 30,771 |  |  | $ | 79,999 |  |  | $ | 101,534 |
Operating and other expenses | (9,378 | ) |  | (12,069 | ) |  | (30,386 | ) |  | (39,206 | )
Gain on sale of communities | 107,067 |  |  | — |  |  | 136,514 |  |  | 180,256 |
Interest expense, net (1) | (7,867 | ) |  | (7,919 | ) |  | (21,415 | ) |  | (37,857 | )
Depreciation expense | (5,938 | ) |  | (8,081 | ) |  | (20,059 | ) |  | (26,027 | )
Net income | $ | 108,452 |  |  | $ | 2,702 |  |  | $ | 144,653 |  |  | $ | 178,700 |
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(1) | Amounts for the three and nine months ended September 30, 2017 include charges for prepayment penalties and write-offs of deferred financing costs of $1,601 and $1,591, respectively. Amount for the nine months ended September 30, 2016 includes charges for prepayment penalties and write-offs of deferred financing costs of

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