XML 22 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions of Real Estate Property (Tables)
12 Months Ended
Dec. 31, 2013
2013 Acquisitions
 
Business Combinations  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed, which we determined using level two and level three inputs:
 
Triple-Net Leased Properties
 
Senior Living Operations (1)
 
MOB Operations
 
Total
 
(In thousands)
Land and improvements
$
51,419

 
$
45,566

 
$
3,923

 
$
100,908

Buildings and improvements
803,227

 
579,577

 
138,792

 
1,521,596

Acquired lease intangibles
8,945

 
16,920

 
10,362

 
36,227

Other assets
3,285

 
2,607

 
2,453

 
8,345

Total assets acquired
866,876

 
644,670

 
155,530

 
1,667,076

Notes payable and other debt
36,300

 
5,136

 

 
41,436

Other liabilities
11,423

 
12,285

 
6,510

 
30,218

Total liabilities assumed
47,723

 
17,421

 
6,510

 
71,654

Noncontrolling interest assumed
10,113

 

 
1,672

 
11,785

Net assets acquired
809,040

 
627,249

 
147,348

 
1,583,637

Cash acquired
753

 

 
1,397

 
2,150

Total cash used
$
808,287

 
$
627,249

 
$
145,951

 
$
1,581,487

________________
(1) Includes settlement of a $142.2 million capital lease obligation related to eight seniors housing communities.
2012 Acquisitions
 
Business Combinations  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
We accounted for our 2012 acquisitions under the acquisition method in accordance with ASC 805, and we have completed our accounting for these acquisitions. The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed, which we determined using level two and level three inputs:
 
Triple-Net Leased Properties
 
Senior Living Operations
 
MOB Operations (1)
 
Total
 
(In thousands)
Land and improvements
$
21,881

 
$
60,662

 
$
112,504

 
$
195,047

Buildings and improvements
225,950

 
413,750

 
1,085,148

 
1,724,848

Construction in progress

 

 
25,579

 
25,579

Acquired lease intangibles
2,323

 
18,070

 
182,406

 
202,799

Other assets
1,519

 
832

 
43,747

 
46,098

Total assets acquired
251,673

 
493,314

 
1,449,384

 
2,194,371

Notes payable and other debt
57,219

 

 
355,606

 
412,825

Other liabilities
13,851

 
11,806

 
106,367

 
132,024

Total liabilities assumed
71,070

 
11,806

 
461,973

 
544,849

Noncontrolling interest assumed
7,292

 

 
30,361

 
37,653

Net assets acquired
173,311

 
481,508

 
957,050

 
1,611,869

Cash acquired
1,250

 

 
24,115

 
25,365

Total cash used
$
172,061

 
$
481,508

 
$
932,935

 
$
1,586,504


______________
(1) Includes the Cogdell acquisition.