DISPOSITIONS (Tables)

9 Months Ended

Sep. 30, 2012

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

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,

	2012			2011			2012			2011
	(In thousands)
Revenues:
Rental income	$	3,826		$	8,509		$	17,377		$	16,470
Resident fees and services		—			2,070			4,081			3,245
Interest and other income		1,127			—			5,952			—

		4,953			10,579			27,410			19,715
Expenses:
Interest		1,371			4,238			6,950			7,698
Depreciation and amortization		6,714			4,434			24,081			6,878
Property-level operating expenses		651			1,734			4,709			2,579
General, administrative and professional fees		5			—			11			—
Other		—			554			1,230			837

		8,741			10,960			36,981			17,992

(Loss) income before income taxes and gain on sale of real estate assets		(3,788	)		(381	)		(9,571	)		1,723
Income tax (expense) benefit		(16	)		172			4			271
Gain on real estate dispositions, net		357			—			79,148			—

Discontinued operations	$	(3,447	)	$	(209	)	$	69,581		$	1,994

- 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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