ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2015

Acquisition Date Fair Values of the Assets Acquired and Liabilities Assumed

We are accounting for our 2015 acquisitions under the acquisition method in accordance with ASC Topic 805, Business Combinations (“ASC 805”). Our initial accounting for acquisitions completed during the three months ended March 31, 2015 remains subject to further adjustment. 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		Total
	(In thousands)
Land and improvements	$	91,559	$	70,713	$	170,683	$	332,955
Buildings and improvements	637,136		703,080		1,038,984		2,379,200
Acquired lease intangibles	28,334		83,867		167,720		279,921
Other assets	127,790		271,823		334,661		734,274
Total assets acquired	884,819		1,129,483		1,712,048		3,726,350
Notes payable and other debt	—		77,940		99,917		177,857
Other liabilities	28,738		44,499		44,403		117,640
Total liabilities assumed	28,738		122,439		144,320		295,497
Net assets acquired	856,081		1,007,044		1,567,728		3,430,853
Redeemable OP unitholder interests assumed							87,244
Cash acquired							54,716
Equity issued							2,216,355
Total cash used							$	1,072,538

2014 Acquisitions

Business Acquisition [Line Items]

Acquisition Date Fair Values of the Assets Acquired and Liabilities Assumed

We are accounting for our 2014 acquisitions under the acquisition method in accordance with ASC 805 and have completed our initial accounting, which is subject to further adjustment. 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		1,081,384		1,628,233
Acquired lease intangibles	28,883		36,452		65,335
Other assets	227		12,393		12,620
Total assets acquired	621,545		1,230,510		1,852,055
Notes payable and other debt	12,927		228,150		241,077
Other liabilities	8,609		124,714		133,323
Total liabilities assumed	21,536		352,864		374,400
Net assets acquired	600,009		877,646		1,477,655
Cash acquired	227		8,704		8,931
Total cash used	$	599,782	$	868,942	$	1,468,724

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, 2014.



	For the Three Months Ended March 31,
	2015		2014
	(In thousands, except per share amounts)
Revenues	$	957,702	$	814,824
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	123,064	$	119,989
Earnings per common share:
Basic:
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	0.35	$	0.37
Diluted:
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	0.34	$	0.37
Weighted average shares used in computing earnings per common share:
Basic	353,869		322,290
Diluted	358,736		325,778