SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

3 Months Ended

Mar. 31, 2012

SENIOR NOTES PAYABLE AND OTHER DEBT

Summary of senior notes payable and other debt

	March 31, 2012			December 31, 2011
	(In thousands)
Unsecured revolving credit facility	$	73,419		$	455,578
9% Senior Notes due 2012		82,433			82,433
81/4% Senior Notes due 2012		72,950			72,950
Unsecured term loan due 2013		200,000			200,000
6.25% Senior Notes due 2013		269,850			269,850
Unsecured term loan due 2015(1)		129,721			126,875
3.125% Senior Notes due 2015		400,000			400,000
6% Senior Notes due 2015		234,420			234,420
61/2% Senior Notes due 2016		—			200,000
Unsecured term loan due 2017(1)		375,000			375,000
63/4% Senior Notes due 2017		225,000			225,000
4.750% Senior Notes due 2021		700,000			700,000
4.25% Senior Notes due 2022		600,000			—
6.90% Senior Notes due 2037		52,400			52,400
6.59% Senior Notes due 2038		22,973			22,973
Mortgage loans and other(2)		2,740,910			2,762,964
Total		6,179,076			6,180,443
Capital lease obligations		142,857			143,006
Unamortized fair value adjustment		131,985			144,923
Unamortized commission fees and discounts		(23,554	)		(39,256	)
Senior notes payable and other debt	$	6,430,364		$	6,429,116

(1)

The aggregate amounts presented above represent the $500.0 million of borrowings oustanding under our unsecured term loan facility. Certain amounts included in the 2015 tranche represent Canadian dollar borrowings.

(2)

The amounts presented above exclude debt related to real estate assets classified as held for sale as of March 31, 2012 and December 31, 2011. The total mortgage debt for these properties as of March 31, 2012 and December 31, 2011 was $23.8 million and $14.6 million, respectively, and is included in accounts payable and other liabilities on our Consolidated Balance Sheets.

Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations

	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility(1)		Scheduled Periodic Amortization		Total Maturities
	(In thousands)
2012	$	200,486	$	—	$	38,912	$	239,398
2013(2)		895,571		—		46,202		941,773
2014		244,614		—		42,364		286,978
2015		989,941		73,419		34,494		1,097,854
2016		404,370		—		28,040		432,410
Thereafter(3)		3,009,634		—		171,029		3,180,663
Total maturities	$	5,744,616	$	73,419	$	361,041	$	6,179,076

(1)

At March 31, 2012, we had $53.2 million of unrestricted cash and cash equivalents, for $20.2 million of net borrowings outstanding under our unsecured revolving credit facility.

(2)

The amounts presented above exclude debt related to a real estate asset classified as held for sale as of March 31, 2012. The total mortgage debt for this property as of March 31, 2012 was $23.8 million and is scheduled to mature in 2013.

(3)

Includes $52.4 million aggregate principal amount of 6.90% Senior Notes due 2037 of Nationwide Health Properties, LLC ("NHP LLC") (as successor to NHP), which are subject to repurchase, at the option of the holders, on October 1 of each of 2012, 2017 and 2027, and $23.0 million aggregate principal amount of 6.59% Senior Notes due 2038 of NHP LLC, which are subject to repurchase, at the option of the holders, on July 7 of each of 2013, 2018, 2023 and 2028.

Future minimum lease payments required under the capital lease agreements

2012	$	7,103
2013		9,573
2014		9,699
2015		9,826
2016		9,953
Thereafter		162,600
Total minimum lease payments		208,754
Less: Amount related to interest		(65,897	)
	$	142,857