Real Property Acquisitions and Development (Tables)

9 Months Ended

Sep. 30, 2011

Real property acquisitions and development [Line Items]

Pro forma consolidated results of operations

	Nine Months Ended September 30,
	2011		2010
Revenues	$	1,074,416	$	632,555
Income from continuing operations attributable to common stockholders	$	87,113	$	66,733
Income from continuing operations attributable to common stockholders per share:
Basic	$	0.48	$	0.44
Diluted	$	0.48	$	0.43

Summary of real property investment activity

	Nine Months Ended
	September 30, 2011					September 30, 2010
	Properties		Amount			Properties		Amount
Real property acquisitions:
Seniors housing operating		46	$	1,126,130			25	$	576,000
Seniors housing triple-net		179		3,202,273			15		219,772
Medical facilities		22		305,915			19		246,582
Land parcels		1		6,770			—		—
Total acquisitions		248		4,641,088			59		1,042,354
Less: Assumed debt				(727,882	)				(353,165	)
Assumed other items, net (1)				(152,391	)				(152,349	)
Cash disbursed for acquisitions				3,760,815					536,840
Construction in progress additions:
Seniors housing triple-net				121,382					62,115
Medical facilities				138,898					184,973
Total construction in progress additions				260,280					247,088
Less: Capitalized interest				(10,090	)				(15,536	)
Accruals (2)				(33,451	)				(8,088	)
Cash disbursed for construction in progress				216,739					223,464
Capital improvements to existing properties				52,890					40,660
Total cash invested in real property			$	4,030,444				$	800,964

(1) Includes $75,144,000 of capital lease obligations.

(2) Represents non-cash accruals for amounts to be paid in future periods relating to properties that converted in the period noted above.

Summary of construction projects placed into service and generating revenues

	Nine Months Ended
	September 30, 2011		September 30, 2010
Development projects:
Seniors housing triple-net	$	39,462	$	269,261
Medical facilities		325,562		145,973
Total development projects		365,024		415,234
Expansion projects		43,793		2,320
Total construction in progress conversions	$	408,817	$	417,554

Strategic Medical Office Partnership [Member]

Real property acquisitions and development [Line Items]

Estimated fair value of allocated updated purchase price calculation of asset and liabilities

Land and land improvements	$	10,240
Buildings and improvements		170,886
Acquired lease intangibles		41,519
Investment in unconsolidated joint venture		21,321
Goodwill		68,321
Other acquired intangibles		36,439
Cash and cash equivalents		3,873
Restricted cash		107
Receivables and other assets		5,390
Total assets acquired		358,096
Secured debt		61,664
Below market lease intangibles		4,188
Accrued expenses and other liabilities		36,834
Total liabilities assumed		102,686
Redeemable noncontrolling interests		10,848
Preferred stock		16,667
Capital in excess of par		2,721
Net assets acquired	$	225,174

Silverado Partnership [Member]

Real property acquisitions and development [Line Items]

Estimated fair value of allocated updated purchase price calculation of asset and liabilities

Land and land improvements	$	11,170
Buildings and improvements		173,841
Acquired lease intangibles		19,305
Investment in unconsolidated subsidiary		14,960
Cash and cash equivalents		6,715
Restricted cash		1,930
Receivables and other assets		3,455
Total assets acquired		231,376
Secured debt		60,667
Accrued expenses and other liabilities		8,306
Total liabilities assumed		68,973
Capital in excess of par		6,017
Noncontrolling interests		7,823
Net assets acquired	$	148,563

Benchmark partnership [Member]

Real property acquisitions and development [Line Items]

Estimated fair value of allocated updated purchase price calculation of asset and liabilities

Land and land improvements	$	60,440
Buildings and improvements		794,886
Acquired lease intangibles		68,980
Cash and cash equivalents		28,258
Restricted cash		6,255
Total assets acquired		958,819
Secured debt		524,990
Accrued expenses and other liabilities		17,468
Entrance fee liability		13,269
Total liabilities assumed		555,727
Noncontrolling interests		19,737
Net assets acquired	$	383,355