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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisitions for the years ended December 31, 2014, 2013, and 2012 which we determined using Level-2 for mortgage notes payable and other liabilities and Level-3 inputs (amounts in thousands):
 
2014
 
2013
 
2012
Assets acquired
 
 
 
 
 
Land
$
66,390

 
$
41,022

 
$
4,410

Depreciable property
52,329

 
87,306

 
18,491

Manufactured homes
1,086

 
1,155

 

In-place leases
2,561

 
3,910

 
2,099

Net investment in real estate
$
122,366

 
$
133,393

 
$
25,000

Other assets
1,197

 
1,025

 
29

Total Assets acquired
$
123,563

 
$
134,418

 
$
25,029

Liabilities assumed
 
 
 
 
 
Mortgage notes payable
$
34,559

 
$
5,382

 
$

Other liabilities
6,712

 
1,777

 
816

Total liabilities assumed
$
41,271

 
$
7,159

 
$
816

Net assets acquired
$
82,292

 
$
127,259

 
$
24,213