Dispositions, Assets Held for Sale and Discontinued Operations

3 Months Ended

Mar. 31, 2014

Disclosure Dispositions, Assets Held for Sale and Discontinued Operations [Abstract]

Dispositions, Assets Held for Sale and Discontinued Operations

5. Dispositions, Assets Held for Sale and Discontinued Operations

The following is a summary of our real property disposition activity for the periods presented (in thousands):

		Three Months Ended
		March 31, 2014			March 31, 2013
Real property dispositions:
	Seniors housing triple-net		$	-		$	76,331
	Medical facilities			-			135,784
	Total dispositions			-			212,115
Gain (loss) on sales of real property, net				-			82,492
Proceeds from real property sales			$	-		$	294,607

We have reclassified the income and expenses attributable to all properties sold prior to or held for sale at January 1, 2014 to discontinued operations in accordance with ASU 2014-08. See Note 2 for additional information. Expenses include an allocation of interest expense based on property carrying values and our weighted-average cost of debt. The following illustrates the reclassification impact as a result of classifying properties as discontinued operations for the periods presented (in thousands):

			Three Months Ended
			March 31,
		2014		2013
Revenues:
	Rental income	$	583	$	6,788
Expenses:
	Interest expense		123		1,896
	Property operating expenses		-		865
	Provision for depreciation		-		2,434
	Total expenses		123		5,195
Income (loss) from discontinued operations, net		$	460	$	1,593