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Accounts payable and accrued expenses (Tables)

6 Months Ended

Jun. 30, 2014

Accounts payable and accrued expenses

Schedule of Accounts Payable and Accrued Expenses

The following table summarizes accounts payable and accrued expenses as of June 30, 2014 and December 31, 2013 (in thousands):

		June 30, 2014			December 31, 2013
Accounts payable		$	1,402		$	901
Accrued property taxes			38,164			28,240
Other accrued liabilities			27,444			21,538
Accrued distribution payable			—			9,274
Accrued construction liabilities			12,574			16,917
Resident security deposits			37,902			26,527
​	​	​	​	​	​	​	​
Total		$	117,486		$	103,397
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- Definition

Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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