XML 49 R34.htm IDEA: XBRL DOCUMENT
v3.23.4

Investment in Real Estate (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Real Estate [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the fair value of the assets acquired and liabilities assumed for the years ended December 31, 2022, 2021 and 2020, which we determined using Level-3 inputs for land and buildings and other depreciable property and Level-2 inputs for the others:
| Years Ended December 31,
(amounts in thousands) | 2022 |  | 2021 |  | 2020
Assets acquired |  |  |  |  |
Land | $ | 64,514 |  |  | $ | 343,614 |  |  | $ | 150,909 |
Buildings and other depreciable property | 71,498 |  |  | 265,182 |  |  | 87,749 |
Intangible | — |  |  | 33,250 |  |  | — |
In-place leases (a) | 5,576 |  |  | 22,135 |  |  | 6,821 |
Goodwill | — |  |  | 9,586 |  |  | — |
Manufactured homes (a) | — |  |  | 610 |  |  | 2,621 |
Net investment in real estate | $ | 141,588 |  |  | $ | 674,377 |  |  | $ | 248,100 |
Other assets | 772 |  |  | 5,376 |  |  | 153 |
Total assets acquired | $ | 142,360 |  |  | $ | 679,753 |  |  | $ | 248,253 |
Liabilities assumed |  |  |  |  |
Mortgage notes payable | $ | — |  |  | $ | 39,986 |  |  | $ | 6,873 |
Below-market lease liability (b) | — |  |  | 8,169 |  |  | — |
Other liabilities | 2,347 |  |  | 17,929 |  |  | 2,313 |
Total liabilities assumed | $ | 2,347 |  |  | $ | 66,084 |  |  | $ | 9,186 |
Net assets acquired | $ | 140,013 |  |  | $ | 613,669 |  |  | $ | 239,067 |
_____________________ (a)In-place leases and manufactured homes are included in buildings and other depreciable property on the Consolidated Balance Sheets. (b)Below-market lease liability is included in accounts payable and other liabilities on the Consolidated Balance Sheets.

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration