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Recent Real Estate Transactions (Tables)
 6 Months Ended
Jun. 30, 2016
Real Estate [Abstract]  
Properties Acquired and Sold

The Company allocated the purchase price of the properties acquired during the three months ended June 30, 2016 as follows:

 

 

 

 

 

 

 

Buildings

 

 

Total

 

 

 

Land

 

 

and Other

 

 

Purchase Price

 

Model Homes Properties

 

$

934,000

 

 

$

6,835,000

 

 

$

7,769,000

 

 

 

$

934,000

 

 

$

6,835,000

 

 

$

7,769,000