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Investment in Real Estate Properties Disposed (Tables) | 6 Months Ended
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Jun. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The major classes of assets and liabilities associated with the real estate held for disposition included in the Consolidated Balance Sheets are as follows (amounts in thousands):
| June 30, |  | December 31,
| 2013 |  | 2012
Assets |  |  |
Investment in real estate |  |  |
Land | $ | 28,611 |  |  | $ | 28,611 |
Building and improvements | 101,048 |  |  | 98,255 |
Accumulated depreciation | (16,609 | ) |  | (15,077 | )
Other assets | 6,999 |  |  | 8,063 |
Total assets held for disposition | $ | 120,049 |  |  | $ | 119,852 |
Liabilities |  |  |
Mortgage payable (a) | $ | 8,163 |  |  | $ | 8,256 |
Other liabilities | 2,652 |  |  | 1,802 |
Total liabilities held for disposition | $ | 10,815 |  |  | $ | 10,058 |
______________________
(a) | Includes approximately $0.4 million debt premium adjustment as of June 30, 2013 and December 31, 2012.
FASB ASC 360 requires that assets classified as held for disposition be carried at the lesser of their carrying amount or estimated fair value, less estimated selling costs. Since these assets were under contract for more than their carrying amount, as of June 30, 2013, we carry them at the carrying amount. Results of operations for Properties held for disposition have been presented separately as discontinued operations for all periods presented in the Consolidated Statements of Income and Comprehensive Income. The following table summarizes the components of income and expense relating to discontinued operations for the quarters and six months ended June 30, 2013 and 2012 (amounts in thousands):
| Quarters Ended | Six Months Ended
| June 30, | June 30,
| 2013 | 2012 | 2013 | 2012
Community base rental home income | $ | 5,080 |  | $ | 4,861 |  | $ | 10,117 |  | $ | 9,718 |
Rental income | 849 |  | 572 |  | 1,620 |  | 1,034 |
Utility and other income | 515 |  | 485 |  | 997 |  | 932 |
Discontinued property operating revenues | 6,444 |  | 5,918 |  | 12,734 |  | 11,684 |
Property operating expenses | 2,473 |  | 2,148 |  | 4,923 |  | 4,479 |
Income from discontinued property operations | 3,971 |  | 3,770 |  | 7,811 |  | 7,205 |
Loss from home sales operations | (40 | ) | (46 | ) | (75 | ) | (40 | )
Other income and expenses | (635 | ) | (3,238 | ) | (1,243 | ) | (6,386 | )
Interest and amortization | (131 | ) | (133 | ) | (260 | ) | (266 | )
Discontinued operations, net | $ | 3,165 |  | $ | 353 |  | $ | 6,233 |  | $ | 513 |
Properties held for disposition Table Text Block | The following table sets forth the Properties held for disposition as of June 30, 2013:
Property | Location | Sites
Avon on the Lake | Rochester Hills, MI | 616 |
Cranberry Lake | White Lake, MI | 328 |
Fairchild Lake | Chesterfield, MI | 344 |
Ferrand Estates (a) | Wyoming, MI | 419 |
Grand Blanc Crossing | Grand Blanc, MI | 478 |
Holly Hills | Holly, MI | 241 |
Oakland Glens | Novi, MI | 724 |
Old Orchard | Davison, MI | 200 |
Royal Estates | Kalamazoo, MI | 183 |
Westbrook | Macomb, MI | 387 |
Westbridge Manor | Macomb, MI | 1,424 |
Total |  | 5,344 |

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43, 44, 45, 47, 48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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