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Investment in Real Estate Schedule of Identified Assets Acquired and Liabilities Assumed (Tables) | 3 Months Ended
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Mar. 31, 2015
Real Estate [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair value of the assets acquired and liabilities assumed in the acquisitions for the quarter ended ended March 31, 2015 and year ended December 31, 2014, which we determined using Level-2, for mortgage notes payable and other liabilities, and Level-3 inputs (amounts in thousands):
| Quarter Ended March 31, 2015 |  | Year Ended December 31, 2014
Assets acquired |  |  |
Land | $ | 3,623 |  |  | $ | 66,390 |
Buildings and other depreciable property | 8,002 |  |  | 52,329 |
Manufactured homes | 53 |  |  | 1,086 |
In-place leases | 622 |  |  | 2,561 |
Net investment in real estate | 12,300 |  |  | 122,366 |
Other assets | 4 |  |  | 1,197 |
Total Assets acquired | $ | 12,304 |  |  | $ | 123,563 |
Liabilities assumed |  |  |
Mortgage notes payable | $ | — |  |  | $ | 34,559 |
Other liabilities | 109 |  |  | 6,712 |
Total Liabilities assumed | $ | 109 |  |  | $ | 41,271 |
Net assets acquired | $ | 12,195 |  |  | $ | 82,292 |

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- 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=39739317&loc=d3e4845-128472 + Details
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