Real Estate (Tables)

9 Months Ended

Sep. 30, 2013

Summary of NHC Percentage Rent [Abstract]

New Real Estate Investments [Table Text Block]

During the nine months ended September 30, 2013, we made the following real estate investments and commitments as described below (in thousands):

Operator	Properties	Asset Class	Amount
Bickford Senior Living/RIDEA Structure	17	Senior Housing	$	137,459
Fundamental Long Term Care Holdings, LLC	2	Skilled Nursing	27,750
National Healthcare Corporation	7	Skilled Nursing	37,417
Emeritus Senior Living	1	Senior Housing	15,300
Discovery Senior Living	1	Senior Housing	12,000
			$	229,926

Summary of NHC Percentage Rent [Table Text Block]

The following table summarizes the percentage rent received and recognized from NHC (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Current year	$	570	$	382	$	1,706	$	1,148
Prior year final certification1	—		—		746		997
Total percentage rent	$	570	$	382	$	2,452	$	2,145

¹ For purposes of the percentage rent calculation described in the Master Lease Agreement, NHC’s annual revenue by facility for a given year is certified to NHI by March 31st of the following year.

Business Acquisition, Pro Forma Information [Table Text Block]

pro forma revenue, net income and net income available to common stockholders of the combined entity is provided below had the acquisition date been January 1, 2012 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Revenue	$	34,381	$	26,931	$	95,677	$	77,988
Net income	$	43,490	$	14,791	$	80,391	$	50,947
Net income available to common stockholders	$	43,118	$	14,725	$	79,529	$	50,749
Basic earnings per share	$	1.55	$	.53	$	2.85	$	1.83
Diluted earnings per share	$	1.55	$	.53	$	2.85	$	1.82