XML 33 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
DISPOSITIONS (Details) (USD $)
3 Months Ended 9 Months Ended 9 Months Ended 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Jun. 30, 2012
Jun. 29, 2012
Sep. 30, 2012
2012 Dispositions
Jun. 30, 2012
2012 Dispositions
Seniors housing communities
property
Feb. 29, 2012
2012 Dispositions
Seniors housing communities
property
Sep. 30, 2012
2012 Dispositions
Seniors housing communities
Sep. 30, 2012
2012 Dispositions
Seniors housing communities
property
Sep. 30, 2012
2012 Dispositions
Skilled nursing facilities
property
Dec. 31, 2011
2011 Dispositions
Dec. 31, 2011
2011 Dispositions
Seniors housing communities
property
Dec. 31, 2011
2011 Dispositions
Skilled nursing facilities
property
Results of operations for all assets held-for-sale or disposed                              
Number of real estate properties sold               13 9   1 2   2 2
Number of operating leases not renewed               2              
Proceeds from sale of real estate properties             $ 28,500,000 $ 121,900,000 $ 121,300,000       $ 20,600,000    
Lease termination fees               3,000,000 1,800,000            
Exchange escrow proceeds used for acquisitions         76,400,000 58,100,000   97,000,000              
Gain (loss) from sale of assets                   (2,700,000) 76,100,000        
Properties classified as held for sale                     22        
Revenues:                              
Rental income 3,826,000 8,509,000 17,377,000 16,470,000                      
Resident fees and services 0 2,070,000 4,081,000 3,245,000                      
Interest and other income 1,127,000 0 5,952,000 0                      
Total Revenues 4,953,000 10,579,000 27,410,000 19,715,000                      
Expenses:                              
Interest 1,371,000 4,238,000 6,950,000 7,698,000                      
Depreciation and amortization 6,714,000 4,434,000 24,081,000 6,878,000                      
Property-level operating expenses 651,000 1,734,000 4,709,000 2,579,000                      
General, administrative and professional fees 5,000 0 11,000 0                      
Other 0 554,000 1,230,000 837,000                      
Total expenses 8,741,000 10,960,000 36,981,000 17,992,000                      
(Loss) income before income taxes and gain on sale of real estate assets (3,788,000) (381,000) (9,571,000) 1,723,000                      
Income tax (expense) benefit (16,000) 172,000 4,000 271,000                      
(Loss) gain on real estate dispositions, net 357,000 0 79,148,000 0                      
Discontinued operations $ (3,447,000) $ (209,000) $ 69,581,000 $ 1,994,000