DISPOSITIONS (Tables)

6 Months Ended

Jun. 30, 2012

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

	For the Three Months Ended June 30,					For the Six Months Ended June 30,

	2012			2011		2012			2011
	(In thousands)
Revenues:
Rental income	$	4,663		$	3,979	$	10,024		$	7,961
Resident fees and services		2,072			1,175		4,081			1,175
Interest and other income		3,002			—		4,824			—

		9,737			5,154		18,929			9,136
Expenses:
Interest		1,837			1,689		3,859			3,460
Depreciation and amortization		12,420			1,246		14,800			2,444
Property-level operating expenses		1,891			845		3,639			845
General, administrative and professional fees		2			—		6			—
Other		650			283		1,230			283

		16,800			4,063		23,534			7,032

(Loss) income before income taxes and gain on sale of real estate assets		(7,063	)		1,091		(4,605	)		2,104
Income tax (expense) benefit		(13	)		99		20			99
Gain on real estate dispositions, net		38,558			—		78,791			—

Discontinued operations	$	31,482		$	1,190	$	74,206		$	2,203

- 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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