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Accounts Payable and Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2017

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Expenses

The following table summarizes accounts payable and accrued expenses as of December 31, 2017 and 2016 (in thousands):

	December 31, 2017				December 31, 2016
Accounts payable	$	1,726			$	9
Accrued property taxes	47,765				46,091
Other accrued liabilities	31,788				31,262
Accrued distribution payable	26,982				—
Accrued construction and maintenance liabilities	17,928				9,899
Resident security deposits	75,951				70,430
Prepaid rent	20,727				19,515
Total	$	222,867			$	177,206

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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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