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Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Company's Supplemental Consolidated Pro Forma Total Revenues and Net Income

The following table presents the Company's supplemental consolidated pro forma total revenues and net income as if the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction had occurred on January 1, 2013 (in thousands):

		For the Three Months Ended March 31,
		2014			2013
Pro forma total revenues (1)		$	77,278		$	14,279
Pro forma net loss (1)		$	(6,935	)	$	(5,416	)

(1)

This unaudited pro forma supplemental information does not purport to be indicative of what the Company's operating results would have been had the Management Internalization, Alaska Joint Venture Acquisition, and 2013 RJ Transaction occurred on January 1, 2013.

Management Internalization

Schedule of Estimated Fair Values of Assets Acquired

The following table summarizes the estimated fair values of the assets acquired as part of the Management Internalization as of the date of acquisition (in thousands):

Buildings and improvements		$	4,214
Identified intangible assets:
Trademark			3,100
Database			2,100
Goodwill			120,655
​	​	​	​	​
Fair value of acquired assets		$	130,069
​	​	​	​	​
​	​	​	​	​

Alaska Joint Venture Acquisition

Schedule of Estimated Fair Values of Assets Acquired

The following table summarizes the estimated fair values of the assets acquired as part of the Alaska Joint Venture Acquisition as of the date of acquisition (in thousands):

Land		$	156,648
Building and improvements			740,396
Receivable for net cash flows prior to acquisition date			1,896
Value of in-place leases			5,547
​	​	​	​	​
Fair value of acquired assets		$	904,487
​	​	​	​	​
​	​	​	​	​

RJ LLC, RJ1 and RJ2

Schedule of Estimated Fair Values of Assets Acquired

The following table summarizes the estimated fair values of the net assets of RJ LLC, RJ1 and RJ2 that the Company gained control over on June 14, 2013 and the associated 67% noncontrolling interest held by third party accredited investors in RJ1 and RJ2, respectively (in thousands):

Land		$	10,340
Building and improvements			54,123
Value of in-place leases			539
Cash and cash equivalents			1,128
Other current assets and liabilities, net			(311	)
Note payable			(7,600	)
Noncontrolling interest			(39,321	)
​	​	​	​	​
Fair value of acquired net assets		$	18,898
​	​	​	​	​
​	​	​	​	​

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(2)-(3)

-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

+ Details

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
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