Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt Instrument

Summary of stated debt maturities and scheduled principal repayments

The following table summarizes the Company's stated debt maturities and scheduled principal repayments at December 31, 2012 (in thousands):

Year	Term Loan(1)		Senior Unsecured Notes			Mortgage Debt			Total(2)
2013	$	—	$	550,000		$	291,747		$	841,747
2014		—		487,000			179,695			666,695
2015		—		400,000			308,048			708,048
2016		222,694		900,000			291,338			1,414,032
2017		—		750,000			550,052			1,300,052
Thereafter		—		3,650,000			65,886			3,715,886
		222,694		6,737,000			1,686,766			8,646,460
(Discounts) and premiums, net		—		(24,376	)		(10,222	)		(34,598	)
	$	222,694	$	6,712,624		$	1,676,544		$	8,611,862

(1)

Represents £137 million translated into U.S. dollars as of December 31, 2012.

(2)

Excludes $82 million of other debt that represents non-interest bearing Life Care Bonds and occupancy fee deposits at certain of the Company's senior housing facilities, which have no scheduled maturities.

Senior Unsecured Notes

Debt Instrument

Summary of debt outstanding and weighted average interest rate

The following is a summary of senior unsecured notes outstanding by maturity date at December 31, 2012 (dollars in thousands):

Maturity	Principal Amount			Weighted Average Interest Rate
2013	$	550,000			5.80	%
2014		487,000			3.15
2015		400,000			6.64
2016		900,000			5.07
2017		750,000			6.04
2018		600,000			6.83
2019		450,000			3.96
2020		800,000			2.79
2021		1,200,000			5.53
2022		300,000			3.39
2041		300,000			6.89
		6,737,000
Discounts, net		(24,376	)
	$	6,712,624

Mortgage Debt

Debt Instrument

Summary of debt outstanding and weighted average interest rate

The following is a summary of mortgage debt outstanding by maturity date at December 31, 2012 (dollars in thousands):

Maturity	Amount			Weighted Average Interest Rate
2013	$	291,747			6.15	%
2014		179,695			5.78
2015		308,048			6.03
2016		291,338			6.88
2017		550,052			6.04
Thereafter		65,886			5.26
		1,686,766
Discounts, net		(10,222	)
	$	1,676,544