Dispositions, Assets Held for Sale and Discontinued Operations

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Dispositions, Assets Held for Sale and Discontinued Operations

Dispositions, Assets Held for Sale and Discontinued Operations

On June 28, 2013, Care completed the sale of its membership interests in Care YBE Subsidiary LLC (Care YBE), which owned fourteen senior living facilities (Bickford Portfolio) to an affiliate of National Health Investors Inc. The Company has reclassified the income and expenses attributable to all properties sold prior to June 30, 2014 to discontinued operations related to its real estate segment. Expenses include an allocation of interest expense based on property carrying values and cost of debt. The following illustrates the reclassification impact as a result of classifying properties as discontinued operations for the periods presented:

	Three months ended June 30, 2013		Six months ended June 30, 2013
Revenues:
Rental revenue	$	2,901	$	5,920
Reimbursable income	328		655
Expenses:
Reimbursable expense	223		550
Interest expense	1,304		2,627
Other expenses	43		43
Depreciation and amortization	853		1,708
Income (loss) from discontinued operations, net	$	806	$	1,647

There was no reclassification impact from disposed operations for the three and six month periods ended June 30, 2014.