SENIOR NOTES PAYABLE AND OTHER DEBT (Tables)

9 Months Ended

Sep. 30, 2012

SENIOR NOTES PAYABLE AND OTHER DEBT

Summary of senior notes payable and other debt

	September 30, 2012			December 31, 2011
	(In thousands)
Unsecured revolving credit facility	$	704,770		$	455,578
9% Senior Notes due 2012		—			82,433
81/4% Senior Notes due 2012		—			72,950
Unsecured term loan due 2013		—			200,000
6.25% Senior Notes due 2013		269,850			269,850
Unsecured term loan due 2015(1)		131,509			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
4.00% Senior Notes due 2019		600,000			—
4.750% Senior Notes due 2021		700,000			700,000
4.25% Senior Notes due 2022		600,000			—
3.25% Senior Notes due 2022		275,000			—
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)		2,898,183			2,762,964
Total		7,264,105			6,180,443
Capital lease obligations		142,565			143,006
Unamortized fair value adjustment		119,319			144,923
Unamortized commission fees and discounts		(31,215	)		(39,256	)
Senior notes payable and other debt	$	7,494,774		$	6,429,116

(1)

These amounts represent in aggregate the approximate $500.0 million of borrowings outstanding under our unsecured term loan facility. Certain amounts included in the 2015 tranche are in the form of Canadian dollar borrowings.

(2)

Excludes debt related to real estate assets classified as held for sale as of September 30, 2012 and December 31, 2011, respectively. The total mortgage debt for these properties as of September 30, 2012 and December 31, 2011 was $23.4 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(1)
	(In thousands)
2012	$	9,031	$	—	$	14,209	$	23,240
2013(2)		562,366		—		51,679		614,045
2014		291,030		—		47,510		338,540
2015		1,074,793		704,770		38,098		1,817,661
2016		415,334		—		30,820		446,154
Thereafter(3)		3,846,022		—		178,443		4,024,465
Total maturities	$	6,198,576	$	704,770	$	360,759	$	7,264,105

(1)

At September 30, 2012, we had $58.5 million of unrestricted cash and cash equivalents, for $646.2 million of net borrowings outstanding under our unsecured revolving credit facility. Borrowings under our unsecured revolving credit facility mature on October 16, 2015, but may be extended for an additional period of one year at our option, subject to the satisfaction of certain conditions.

(2)

Excludes $23.4 million of mortgage debt related to a real estate asset classified as held for sale as of September 30, 2012 that 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) that 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 that are subject to repurchase, at the option of the holders, on July 7 of each of 2013, 2018, 2023 and 2028. The option to require us to repurchase the 6.90% senior notes due 2037 on October 1, 2012 was not exercised by any holder.

Future minimum lease payments required under the capital lease agreements

2012	$	2,374
2013		9,573
2014		9,699
2015		9,826
2016		9,953
Thereafter		162,600
Total minimum lease payments		204,025
Less: Amount related to interest		(61,460	)
	$	142,565