v2.4.0.6

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified | Dec. 31, 2011 | Dec. 31, 2010
--- | --- | ---
Real estate investments: |  |
Land and improvements | $ 1,614,847 | $ 559,072
Buildings and improvements | 15,337,919 | 6,035,295
Construction in progress | 76,638 | 6,519
Acquired lease intangibles | 800,858 | 146,813
Gross real estate investment | 17,830,262 | 6,747,699
Accumulated depreciation and amortization | (1,916,530) | (1,468,180)
Net real estate property | 15,913,732 | 5,279,519
Secured loans receivable, net | 212,577 | 149,263
Investments in unconsolidated entities | 105,303 | 15,332
Net real estate investments | 16,231,612 | 5,444,114
Cash and cash equivalents | 45,807 | 21,812
Escrow deposits and restricted cash | 76,590 | 38,940
Deferred financing costs, net | 26,669 | 19,533
Other assets | 891,232 | 233,622
Total assets | 17,271,910 | 5,758,021
Liabilities: |  |
Senior notes payable and other debt | 6,429,116 | 2,900,044
Accrued interest | 37,694 | 19,296
Accounts payable and other liabilities | 1,085,597 | 207,143
Deferred income taxes | 260,722 | 241,333
Total liabilities | 7,813,129 | 3,367,816
Redeemable OP unitholder interests | 102,837 | 0
Commitments and contingencies |  |
Ventas stockholders' equity: |  |
Preferred stock, $1.00 par value; 10,000 shares authorized, unissued |  |
Common stock, $0.25 par value; 600,000 and 300,000 shares authorized at December 31, 2011 and 2010, respectively; 288,823 and 157,279 shares issued at December 31, 2011 and 2010, respectively | 72,240 | 39,391
Capital in excess of par value | 9,593,583 | 2,576,843
Accumulated other comprehensive income | 22,062 | 26,868
Retained earnings (deficit) | (412,181) | (255,628)
Treasury stock, 14 shares at December 31, 2011 and 2010 | (747) | (748)
Total Ventas stockholders' equity | 9,274,957 | 2,386,726
Noncontrolling interest | 80,987 | 3,479
Total equity | 9,355,944 | 2,390,205
Total liabilities and equity | $ 17,271,910 | $ 5,758,021

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