Acquisitions of Real Estate Property (Tables)

12 Months Ended

Dec. 31, 2014

Acquisition date fair values of the assets acquired and liabilities assumed

The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed in our 2014 real estate acquisitions, which we determined using level two and level three inputs:



	Triple-Net Leased Properties		Senior Living Operations		Total
	(In thousands)
Land and improvements	$	45,586	$	100,281	$	145,867
Buildings and improvements	546,849		1,081,207		1,628,056
Acquired lease intangibles	28,883		36,452		65,335
Other assets	227		12,387		12,614
Total assets acquired	621,545		1,230,327		1,851,872
Notes payable and other debt	12,927		228,150		241,077
Other liabilities	8,609		124,897		133,506
Total liabilities assumed	21,536		353,047		374,583
Net assets acquired	600,009		877,280		1,477,289
Cash acquired	227		8,704		8,931
Total cash used	$	599,782	$	868,576	$	1,468,358



	Triple-Net Leased Properties		Senior Living Operations		Total
	(In thousands)
Land and improvements	$	45,586	$	100,281	$	145,867
Buildings and improvements	546,849		1,081,207		1,628,056
Acquired lease intangibles	28,883		36,452		65,335
Other assets	227		12,387		12,614
Total assets acquired	621,545		1,230,327		1,851,872
Notes payable and other debt	12,927		228,150		241,077
Other liabilities	8,609		124,897		133,506
Total liabilities assumed	21,536		353,047		374,583
Net assets acquired	600,009		877,280		1,477,289
Cash acquired	227		8,704		8,931
Total cash used	$	599,782	$	868,576	$	1,468,358

2013 Acquisitions

Business Acquisition [Line Items]

Acquisition date fair values of the assets acquired and liabilities assumed

The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed in our 2013 real estate acquisitions, 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

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(1) Includes settlement of a $142.2 million capital lease obligation related to eight seniors housing communities.

2012 Acquisitions

Business Acquisition [Line Items]

Acquisition date fair values of the assets acquired and liabilities assumed

The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed in our 2012 real estate acquisitions, 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

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(1) Includes the Cogdell acquisition.

American Realty Capital Healthcare Trust

Business Acquisition [Line Items]

Business acquisition, pro forma information

The following table illustrates the effect on net income and earnings per share if we had consummated the HCT acquisition as of January 1, 2013.



	For the Year Ended December 31, 2014
	(In thousands, except per share amounts)
Revenues	$	3,369,214
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	483,585
Earnings per common share:
Basic:
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	1.50
Diluted:
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	1.48
Weighted average shares used in computing earnings per common share:
Basic	322,590
Diluted	326,211