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Investment in Real Estate Schedule of Identified Assets Acquired and Liabilities Assumed (Tables)
3 Months Ended
Mar. 31, 2016
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 March 31, 2016 and the year ended December 31, 2015, which we determined using Level-2, for mortgage notes payable and other liabilities, and Level-3 inputs (amounts in thousands):
 
Quarter Ended
 
Year Ended
 
March 31,
2016
 
December 31,
2015
Assets acquired
 
 
 
Land
$
3,866

 
$
8,985

Buildings and other depreciable property
3,012

 
13,948

Manufactured homes
22

 
345

In-place leases
475

 
622

Net investment in real estate
7,375

 
23,900

Other assets
20

 
53

Total Assets acquired
$
7,395

 
$
23,953

 
 
 
 
Liabilities assumed
 
 
 
Other liabilities
$
8

 
$
266

Total Liabilities assumed
$
8

 
$
266

Net assets acquired
$
7,387

 
$
23,687