Investments in Real Estate Entities (Tables)

9 Months Ended

Sep. 30, 2019

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):



	9/30/2019		12/31/2018
	(unaudited)
Assets:
Real estate, net	$	1,363,360	$	1,420,039
Other assets	199,871		45,142
Total assets	$	1,563,231	$	1,465,181

Liabilities and partners' capital:
Mortgage notes payable, net and credit facility	$	833,079	$	837,311
Other liabilities	161,449		15,624
Partners' capital	568,703		612,246
Total liabilities and partners' capital	$	1,563,231	$	1,465,181

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
	9/30/2019			9/30/2018			9/30/2019			9/30/2018
	(unaudited)						(unaudited)
Rental and other income	$	37,351		$	24,535		$	108,619		$	68,324
Operating and other expenses	(14,363		)	(8,749		)	(42,001		)	(26,066		)
Gain on sale of communities	—			30,597			—			30,597
Interest expense, net	(8,383		)	(5,938		)	(25,475		)	(17,130		)
Depreciation expense	(9,324		)	(6,288		)	(49,366		)	(18,704		)
Net (loss) income	$	5,281		$	34,157		$	(8,223	)	$	37,021