Dispositions (Tables)

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Real estate assets classified as held for sale

The table below summarizes our real estate assets classified as held for sale as of December 31, 2014 and 2013, including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets.



	December 31, 2014					December 31, 2013
	Number of Properties Held for Sale (1)	Other Assets		Accounts Payable and Other Liabilities		Number of Properties Held for Sale (2)	Other Assets		Accounts Payable and Other Liabilities
	(Dollars in thousands)
Triple-net leased properties	14	$	34,097	$	1,330	15	$	125,981	$	50,456
MOB operations (3)	36	176,366		48,895		4	29,359		14,044
Total	50	$	210,463	$	50,225	19	$	155,340	$	64,500


(1)	The operations for three triple-net leased properties and two MOBs are reported in discontinued operations in our Consolidated Statements of Income.


(2)	The operations for all properties listed are reported in discontinued operations in our Consolidated Statements of Income.


(3)	Includes 34 MOBs that are being marketed for sale and were classified as held for sale as of December 31, 2014. Aggregate NOI for this portfolio of assets was $11.9 million, $13.8 million, and $14.1 million for the years ended December 31, 2014, 2013, and 2012 respectively. The sale of these MOBs does not meet the criteria for reporting as discontinued operations.

Summary of the results of operations of properties sold or classified as held for sale



	2014		2013			2012
	(In thousands)
Revenues:
Rental income	$	4,331	$	14,060		$	34,840
Resident fees and services	—		759			6,435
Interest and other income	750		—			5,052
	5,081		14,819			46,327
Expenses:
Interest	1,714		5,472			13,314
Depreciation and amortization	1,555		47,806			49,807
Property-level operating expenses	507		1,994			7,971
General, administrative and professional fees	—		3			303
Gain on extinguishment of debt, net	—		(153		)	—
Other	412		(407		)	1,902
	4,188		54,715			73,297
Income (loss) before income taxes and gain on real estate dispositions	893		(39,896		)	(26,970		)
Income tax benefit	—		—			4
Gain on real estate dispositions	1,213		3,617			80,952
Discontinued operations	$	2,106	$	(36,279	)	$	53,986

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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