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Schedule of Real Estate and Accumulated Depreciation
12 Months Ended
Dec. 31, 2012
Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Real Estate and Accumulated Depreciation Disclosure
NATIONAL HEALTH INVESTORS, INC.
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2012
(in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs
 
Gross Amount at Which
 
 
 
 
 
 
Initial Cost to Company
 
Capitalized
 
Carried at Close of Period
 
 
Date
 
 
 
 
 
Buildings &
 
Subsequent to
 
 
 
Buildings &
 
 
 
Accumulated
Acquired/
 
Encumbrances
 
Land
 
Improvements
 
Acquisition
 
Land
 
Improvements
 
Total
 
Depreciation
Constructed
Skilled Nursing Facilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Anniston, AL

 
70,000

 
4,476,000

 

 
70,000

 
4,476,000

 
4,546,000

 
3,053,000

10/17/1991
Moulton, AL

 
25,000

 
688,000

 

 
25,000

 
688,000

 
713,000

 
688,000

10/17/1991
Avondale, AZ

 
453,000

 
6,678,000

 

 
453,000

 
6,678,000

 
7,131,000

 
2,906,000

8/13/1996
Brooksville, FL

 
1,217,000

 
16,166,000

 

 
1,217,000

 
16,166,000

 
17,383,000

 
1,179,000

2/1/2010
Crystal River, FL

 
912,000

 
12,117,000

 

 
912,000

 
12,117,000

 
13,029,000

 
884,000

2/1/2010
Dade City, FL

 
605,000

 
8,042,000

 

 
605,000

 
8,042,000

 
8,647,000

 
586,000

2/1/2010
Hudson, FL (2 facilities)

 
1,290,000

 
22,392,000

 

 
1,290,000

 
22,392,000

 
23,682,000

 
7,851,000

Various
Merritt Island, FL

 
701,000

 
8,869,000

 

 
701,000

 
8,869,000

 
9,570,000

 
6,155,000

10/17/1991
New Port Richey, FL

 
228,000

 
3,023,000

 

 
228,000

 
3,023,000

 
3,251,000

 
220,000

2/1/2010
Plant City, FL

 
405,000

 
8,777,000

 

 
405,000

 
8,777,000

 
9,182,000

 
6,349,000

10/17/1991
Stuart, FL

 
787,000

 
9,048,000

 

 
787,000

 
9,048,000

 
9,835,000

 
6,258,000

10/17/1991
Trenton, FL

 
851,000

 
11,312,000

 

 
851,000

 
11,312,000

 
12,163,000

 
825,000

2/1/2010
Grangeville, ID

 
122,000

 
2,491,000

 

 
122,000

 
2,491,000

 
2,613,000

 
1,098,000

8/13/1996
Glasgow, KY

 
33,000

 
2,110,000

 

 
33,000

 
2,110,000

 
2,143,000

 
1,798,000

10/17/1991
Desloge, MO

 
178,000

 
3,804,000

 

 
178,000

 
3,804,000

 
3,982,000

 
2,753,000

10/17/1991
Joplin, MO

 
175,000

 
4,034,000

 

 
175,000

 
4,034,000

 
4,209,000

 
2,306,000

10/17/1991
Kennett, MO

 
180,000

 
4,928,000

 

 
180,000

 
4,928,000

 
5,108,000

 
3,647,000

10/17/1991
Maryland Heights, MO

 
482,000

 
5,512,000

 

 
482,000

 
5,512,000

 
5,994,000

 
4,580,000

10/17/1991
St. Charles, MO

 
150,000

 
4,790,000

 

 
150,000

 
4,790,000

 
4,940,000

 
3,478,000

10/17/1991
Anderson, SC

 
308,000

 
4,643,000

 

 
308,000

 
4,643,000

 
4,951,000

 
3,789,000

10/17/1991
Greenwood, SC

 
222,000

 
3,457,000

 

 
222,000

 
3,457,000

 
3,679,000

 
2,796,000

10/17/1991
Laurens, SC

 
42,000

 
3,426,000

 

 
42,000

 
3,426,000

 
3,468,000

 
2,535,000

10/17/1991
Orangeburg, SC

 
300,000

 
3,715,000

 

 
300,000

 
3,715,000

 
4,015,000

 
435,000

9/25/2008
Athens, TN

 
38,000

 
1,463,000

 

 
38,000

 
1,463,000

 
1,501,000

 
1,296,000

10/17/1991
Chattanooga, TN

 
143,000

 
2,309,000

 

 
143,000

 
2,309,000

 
2,452,000

 
1,936,000

10/17/1991
Dickson, TN

 
90,000

 
3,541,000

 

 
90,000

 
3,541,000

 
3,631,000

 
2,659,000

10/17/1991
Franklin, TN

 
47,000

 
1,130,000

 

 
47,000

 
1,130,000

 
1,177,000

 
892,000

10/17/1991
Hendersonville, TN

 
363,000

 
3,837,000

 

 
363,000

 
3,837,000

 
4,200,000

 
2,469,000

10/17/1991
Johnson City, TN

 
85,000

 
1,918,000

 

 
85,000

 
1,918,000

 
2,003,000

 
1,714,000

10/17/1991
Lewisburg, TN (2 facilities)

 
46,000

 
994,000

 

 
46,000

 
994,000

 
1,040,000

 
899,000

10/17/1991
McMinnville, TN

 
73,000

 
3,618,000

 

 
73,000

 
3,618,000

 
3,691,000

 
2,663,000

10/17/1991
Milan, TN

 
41,000

 
1,826,000

 

 
41,000

 
1,826,000

 
1,867,000

 
1,457,000

10/17/1991
Pulaski, TN

 
53,000

 
3,921,000

 

 
53,000

 
3,921,000

 
3,974,000

 
2,883,000

10/17/1991
Lawrenceburg, TN

 
98,000

 
2,901,000

 

 
98,000

 
2,901,000

 
2,999,000

 
2,003,000

10/17/1991
Dunlap, TN

 
35,000

 
3,679,000

 

 
35,000

 
3,679,000

 
3,714,000

 
2,445,000

10/17/1991
Smithville, TN

 
35,000

 
3,816,000

 

 
35,000

 
3,816,000

 
3,851,000

 
2,724,000

10/18/1991
Somerville, TN

 
26,000

 
678,000

 

 
26,000

 
678,000

 
704,000

 
605,000

10/19/1991
Sparta, TN

 
80,000

 
1,602,000

 

 
80,000

 
1,602,000

 
1,682,000

 
1,225,000

10/20/1991
Arlington, TX

 
355,000

 
8,134,000

 

 
355,000

 
8,134,000

 
8,489,000

 
2,764,000

9/1/1998
Canton, TX

 
190,000

 
4,396,000

 

 
190,000

 
4,396,000

 
4,586,000

 
1,494,000

9/1/1998
Ennis, TX

 
986,000

 
9,025,000

 

 
986,000

 
9,025,000

 
10,011,000

 
374,000

10/31/2011
Greenville, TX

 
1,800,000

 
13,948,000

 

 
1,800,000

 
13,948,000

 
15,748,000

 
518,000

10/31/2011
Houston, TX (5 facilities)

 
3,818,000

 
63,921,000

 

 
3,818,000

 
63,921,000

 
67,739,000

 
6,362,000

Various
Mesquite, TX

 
180,000

 
6,162,000

 

 
180,000

 
6,162,000

 
6,342,000

 
2,081,000

9/1/1998
Paris, TX

 
60,000

 
12,040,000

 

 
60,000

 
12,040,000

 
12,100,000

 
1,283,000

6/30/2009
Richardson, TX

 
650,000

 
12,035,000

 

 
650,000

 
12,035,000

 
12,685,000

 
3,960,000

9/1/1998
San Antonio, TX

 
300,000

 
12,150,000

 

 
300,000

 
12,150,000

 
12,450,000

 
1,405,000

6/30/2009
Kyle, TX

 
1,096,000

 
12,279,000

 

 
1,096,000

 
12,279,000

 
13,375,000

 
252,000

6/11/2012
Bristol, VA

 
176,000

 
2,511,000

 

 
176,000

 
2,511,000

 
2,687,000

 
1,834,000

10/17/1991
 

 
20,600,000

 
348,332,000

 

 
20,600,000

 
348,332,000

 
368,932,000

 
116,366,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assisted Living Facilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gilbert, AZ

 
451,000

 
3,142,000

 
79,000

 
451,000

 
3,221,000

 
3,672,000

 
1,106,000

12/31/1998
Glendale, AZ

 
387,000

 
3,823,000

 
57,000

 
387,000

 
3,880,000

 
4,267,000

 
1,343,000

12/31/1998
Tucson, AZ (2 facilities)

 
919,000

 
6,656,000

 
190,000

 
919,000

 
6,846,000

 
7,765,000

 
2,334,000

12/31/1998
Bartow, FL

 
225,000

 
3,192,000

 

 
225,000

 
3,192,000

 
3,417,000

 
202,000

11/30/2010
Lakeland, FL

 
250,000

 
3,167,000

 

 
250,000

 
3,167,000

 
3,417,000

 
202,000

11/30/2010
Maitland, FL

 
1,687,000

 
5,428,000

 

 
1,687,000

 
5,428,000

 
7,115,000

 
2,496,000

8/6/1996
St. Cloud, FL

 
307,000

 
3,117,000

 

 
307,000

 
3,117,000

 
3,424,000

 
198,000

11/30/2010
Greensboro, GA

 
572,000

 
4,849,000

 

 
572,000

 
4,849,000

 
5,421,000

 
178,000

9/15/2011
Clinton, IA

 
133,000

 
3,215,000

 

 
133,000

 
3,215,000

 
3,348,000

 
217,000

6/30/2010
Iowa City, IA

 
297,000

 
2,725,000

 

 
297,000

 
2,725,000

 
3,022,000

 
211,000

6/30/2010
Weiser, ID

 
20,000

 
2,433,000

 

 
20,000

 
2,433,000

 
2,453,000

 

12/21/2012
Peoria, IL

 
403,000

 
4,532,000

 

 
403,000

 
4,532,000

 
4,935,000

 
379,000

10/19/2009
Carmel, IN

 
579,000

 

 

 
579,000

 

 
579,000

 

Under Const.
Crown Point, IN

 
791,000

 
1,367,000

 

 
791,000

 
1,367,000

 
2,158,000

 

Under Const.
Greenwood, IN

 
463,000

 
816,000

 

 
463,000

 
816,000

 
1,279,000

 

Under Const.
Lafayette, IN

 
546,000

 
4,583,000

 

 
546,000

 
4,583,000

 
5,129,000

 
307,000

6/30/2010
Overland Park, KS(C)
19,250,000

 
2,199,000

 
20,026,000

 

 
2,199,000

 
20,026,000

 
22,225,000

 
176,000

9/30/2012
Mission, KS(C)

 
1,901,000

 
17,310,000

 

 
1,901,000

 
17,310,000

 
19,211,000

 
152,000

9/30/2012
Bastrop, LA

 
325,000

 
2,456,000

 

 
325,000

 
2,456,000

 
2,781,000

 
132,000

4/30/2011
Bossier City, LA

 
500,000

 
3,344,000

 

 
500,000

 
3,344,000

 
3,844,000

 
188,000

4/30/2011
Minden, LA

 
280,000

 
1,698,000

 

 
280,000

 
1,698,000

 
1,978,000

 
90,000

4/30/2011
West Monroe, LA

 
770,000

 
5,627,000

 

 
770,000

 
5,627,000

 
6,397,000

 
284,000

4/30/2011
Battle Creek, MI

 
398,000

 
3,093,000

 

 
398,000

 
3,093,000

 
3,491,000

 
269,000

10/19/2009
Lansing, MI

 
340,000

 
7,908,000

 

 
340,000

 
7,908,000

 
8,248,000

 
678,000

10/19/2009
Midland, MI

 
504,000

 
6,612,000

 

 
504,000

 
6,612,000

 
7,116,000

 
542,000

10/19/2009
Saginaw, MI

 
248,000

 
4,212,000

 

 
248,000

 
4,212,000

 
4,460,000

 
358,000

10/19/2009
Champlin, MN

 
980,000

 
4,430,000

 

 
980,000

 
4,430,000

 
5,410,000

 
376,000

3/10/2010
Hugo, MN

 
400,000

 
3,800,000

 

 
400,000

 
3,800,000

 
4,200,000

 
310,000

3/10/2010
Maplewood, MN

 
1,700,000

 
6,510,000

 

 
1,700,000

 
6,510,000

 
8,210,000

 
549,000

3/10/2010
North Branch, MN

 
595,000

 
2,985,000

 

 
595,000

 
2,985,000

 
3,580,000

 
274,000

3/10/2010
Ontario, OR (2 facilities)

 
428,000

 
6,128,000

 

 
428,000

 
6,128,000

 
6,556,000

 

12/21/2012
Weatherly, PA

 
439,000

 
3,960,000

 

 
439,000

 
3,960,000

 
4,399,000

 
726,000

9/1/2005
Conway, SC

 
344,000

 
2,877,000

 
94,000

 
344,000

 
2,971,000

 
3,315,000

 
1,016,000

12/31/1998
Gallatin, TN

 
326,000

 
2,277,000

 
61,000

 
326,000

 
2,338,000

 
2,664,000

 
797,000

3/31/1999
Kingsport, TN

 
354,000

 
2,568,000

 
66,000

 
354,000

 
2,634,000

 
2,988,000

 
904,000

12/31/1998
Tullahoma, TN

 
191,000

 
2,216,000

 
57,000

 
191,000

 
2,273,000

 
2,464,000

 
767,000

3/31/1999
Beaver Dam, WI

 
210,000

 
20,099,000

 

 
210,000

 
20,099,000

 
20,309,000

 

12/21/2012
 
19,250,000

 
21,462,000

 
183,181,000

 
604,000

 
21,462,000

 
183,785,000

 
205,247,000

 
17,761,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior Living Campuses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loma Linda, CA

 
1,200,000

 
10,800,000

 

 
1,200,000

 
10,800,000

 
12,000,000

 
77,000

9/28/2012
Nampa, ID

 
243,000

 
4,182,000

 

 
243,000

 
4,182,000

 
4,425,000

 
1,820,000

8/13/1996
Maitland, FL

 
2,317,000

 
9,161,000

 

 
2,317,000

 
9,161,000

 
11,478,000

 
5,014,000

8/6/1996
West Palm Beach, FL

 
2,771,000

 
4,286,000

 

 
2,771,000

 
4,286,000

 
7,057,000

 
3,525,000

8/6/1996
Silverdale, WA

 
1,750,000

 
23,860,000

 

 
1,750,000

 
23,860,000

 
25,610,000

 
226,000

8/16/2012
 

 
8,281,000

 
52,289,000

 

 
8,281,000

 
52,289,000

 
60,570,000

 
10,662,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Medical Office Buildings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Crestview, FL

 
165,000

 
3,349,000

 

 
165,000

 
3,349,000

 
3,514,000

 
2,061,000

6/30/1993
Pasadena, TX

 
631,000

 
6,342,000

 

 
631,000

 
6,342,000

 
6,973,000

 
4,005,000

1/1/1995
 

 
796,000

 
9,691,000

 

 
796,000

 
9,691,000

 
10,487,000

 
6,066,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Independent Living Facilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
St. Charles, MO

 
344,000

 
3,181,000

 

 
344,000

 
3,181,000

 
3,525,000

 
2,174,000

10/17/1991
Johnson City, TN

 
55,000

 
4,077,000

 

 
55,000

 
4,077,000

 
4,132,000

 
2,396,000

10/17/1991
Chattanooga, TN

 
9,000

 
1,567,000

 

 
9,000

 
1,567,000

 
1,576,000

 
1,076,000

10/17/1991
 

 
408,000

 
8,825,000

 

 
408,000

 
8,825,000

 
9,233,000

 
5,646,000

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Hospitals
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
La Mesa, CA

 
4,180,000

 
8,320,000

 

 
4,180,000

 
8,320,000

 
12,500,000

 
869,000

3/10/2010
Jackson, KY

 
540,000

 
10,163,000

 

 
540,000

 
10,163,000

 
10,703,000

 
5,548,000

6/12/1992
Murfreesboro, TN

 
2,444,000

 
18,178,000

 

 
2,444,000

 
17,585,000

 
20,029,000

 
109,000

10/1/2012
 

 
7,164,000

 
36,661,000

 

 
7,164,000

 
36,068,000

 
43,232,000

 
6,526,000

 
Total continuing operations properties
19,250,000

 
58,711,000

 
638,979,000

 
604,000

 
58,711,000

 
638,990,000

 
697,701,000

 
163,027,000

 
Corporate office

 
158,000

 
677,000

 

 
158,000

 
677,000

 
835,000

 
119,000

 
 
19,250,000

 
58,869,000

 
639,656,000

 
604,000

 
58,869,000

 
639,667,000

 
698,536,000

 
163,146,000

 

NOTES TO SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
(A) See the notes to the consolidated financial statements.
(B) Depreciation is calculated using estimated useful lives up to 40 years for all completed facilities.
(C) Two properties located in Overland Park, KS and Mission, KS are encumbered jointly on a $19,250,000 mortgage due to KeyBank as described more fully in the notes to the consolidated financial statements.
(D) Subsequent to NHC's transfer of the original real estate properties in 1991, we have purchased from NHC $33,909,000 of additions to those properties. As the additions were purchased from NHC rather than developed by us, the $33,909,000 has been included as Initial Cost to Company.
(E) This schedule excludes assets held for sale.
NATIONAL HEALTH INVESTORS, INC.
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
FOR THE YEARS ENDED DECEMBER 31, 2012, 2011 AND 2010
(in thousands)
 
December 31,
 
2012
 
2011
 
2010
Investment in Real Estate:
 
 
 
 
 
Balance at beginning of period
$
541,493

 
$
463,197

 
$
350,786

Additions through cash expenditures
110,601

 
75,806

 
98,736

Additions through contingent liabilities

 
5,478

 
1,000

Additions through assumption of debt
19,250

 

 

Additions through conveyance of noncontrolling interest
10,964

 

 

Additions through settlement of mortgage note

 

 
22,936

Sale of properties for cash
(17,259
)
 
(2,988
)
 
(5,000
)
Reclassification from assets held for sale, net
39,323

 

 

Reclassification to assets held for sale, net
(5,836
)
 

 
(5,261
)
Balance at end of period
$
698,536

 
$
541,493

 
$
463,197

 
 
 
 
 
 
Accumulated Depreciation:
 
 
 
 
 
Balance at beginning of period
$
146,698

 
$
135,543

 
$
126,925

Addition charged to costs and expenses
16,981

 
11,992

 
11,203

Sale of properties
(6,250
)
 
(837
)
 
(769
)
Reclassification from assets held for sale, net
9,942

 

 

Reclassification to assets held for sale
(4,225
)
 

 
(1,816
)
Balance at end of period
$
163,146

 
$
146,698

 
$
135,543