ACQUISITIONS OF REAL ESTATE PROPERTY (Tables)

9 Months Ended

Sep. 30, 2016

2016 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 2016 real estate acquisitions, which we determined using level two and level three inputs:

		Triple-Net Leased Properties		Office Operations		Total
	(In thousands)
Land and improvements		$	1,279	$	48,366	$	49,645
Buildings and improvements		12,558		1,322,598		1,335,156
Acquired lease intangibles		163		203,174		203,337
Other assets		—		98,137		98,137
Total assets acquired		14,000		1,672,275		1,686,275
Notes payable and other debt		—		47,641		47,641
Intangible liabilities		—		108,132		108,132
Other liabilities		380		60,233		60,613
Total liabilities assumed		380		216,006		216,386
Noncontrolling interest assumed		—		22,225		22,225
Net assets acquired		13,620		1,434,044		1,447,664
Cash acquired		—		19,119		19,119
Total cash used		$	13,620	$	1,414,925	$	1,428,545

2015 Acquisitions

Business Acquisition [Line Items]

Acquisition Date Fair Values of the Assets Acquired and Liabilities Assumed

lowing 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		Office Operations		Total
	(In thousands)
Land and improvements	$	190,566	$	70,713	$	173,307	$	434,586
Buildings and improvements	1,726,064		703,080		1,214,403		3,643,547
Acquired lease intangibles	169,362		83,867		184,540		437,769
Other assets	174,093		272,888		403,046		850,027
Total assets acquired	2,260,085		1,130,548		1,975,296		5,365,929
Notes payable and other debt	—		77,940		99,917		177,857
Other liabilities	45,924		45,408		46,734		138,066
Total liabilities assumed	45,924		123,348		146,651		315,923
Net assets acquired	2,214,161		1,007,200		1,828,645		5,050,006
Redeemable OP unitholder interests assumed							88,085
Cash acquired							59,584
Equity issued							2,216,355
Total cash used							$	2,685,982