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DISPOSITIONS | 3 Months Ended
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Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract] |
ACQUISITIONS AND DISPOSITIONS | DISPOSITIONS 2014 Activity During the three months ended March 31, 2014, we sold two seniors housing communities, one skilled nursing facility (all part of our triple-net leased properties reportable business segment), and three MOBs for aggregate consideration of $26.2 million and recognized a net gain on the sales of these assets of $2.9 million, of which $1.7 million is reported within discontinued operations in our Consolidated Statements of Income. 2013 Activity During the three months ended March 31, 2013, we sold four seniors housing communities, two skilled nursing facilities (all part of our triple-net leased properties reportable business segment), and one MOB for aggregate consideration of $11.5 million, including lease termination fees of $0.3 million, and recognized a net gain on the sales of these assets of $0.3 million, which is reported within discontinued operations in our Consolidated Statements of Income. Discontinued Operations We present separately, as discontinued operations in all periods presented, the results of operations for all assets classified as held for sale as of March 31, 2014, and all assets disposed of during the period from January 1, 2013 through March 31, 2014, that meet the criteria of discontinued operations. The table below summarizes our real estate assets classified as held for sale as of March 31, 2014 and December 31, 2013, including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets.
|  | March 31, 2014 |  | December 31, 2013
|  | Number of Properties Held for Sale (1) |  | Other Assets |  | Accounts Payable and Other Liabilities |  | Number of Properties Held for Sale (2) |  | Other Assets |  | Accounts Payable and Other Liabilities
|  | (Dollars in thousands)
Triple-net leased properties |  | 14 |  |  | $ | 110,440 |  |  | $ | 48,823 |  |  | 15 |  |  | $ | 125,981 |  |  | $ | 50,456 |
MOB operations |  | 2 |  |  | 13,075 |  |  | 82 |  |  | 4 |  |  | 29,359 |  |  | 14,044 |
Total |  | 16 |  |  | $ | 123,515 |  |  | $ | 48,905 |  |  | 19 |  |  | $ | 155,340 |  |  | $ | 64,500 |
(1) The operations for ten triple-net leased properties and two MOBs are reported in discontinued operations in our Consolidated Statements of Income. (2) The operations for all properties listed are reported in discontinued operations in our Consolidated Statements of Income. We recognized impairments of $4.8 million and $8.6 million for the three months ended March 31, 2014 and 2013, respectively, which are recorded primarily as a component of depreciation and amortization. $0.4 million and $7.3 million of these impairments were recorded in discontinued operations for the three months ended March 31, 2014 and 2013, respectively. Set forth below is a summary of our results of operations for properties within discontinued operations for the three months ended March 31, 2014 and 2013.
| For the Three Months Ended March 31,
| 2014 |  | 2013
| (In thousands)
Revenues: |  |  |
Rental income | $ | 2,200 |  |  | $ | 4,032 |
Resident fees and services | — |  |  | 618 |
Interest and other income | 750 |  |  | — |
| 2,950 |  |  | 4,650 |
Expenses: |  |  |
Interest | 678 |  |  | 1,695 |
Depreciation and amortization | 281 |  |  | 11,475 |
Property-level operating expenses | 281 |  |  | 912 |
Other | 116 |  |  | (524 | )
| 1,356 |  |  | 13,558 |
Income (loss) before gain on real estate dispositions, net | 1,594 |  |  | (8,908 | )
Gain on real estate dispositions, net | 1,437 |  |  | 477 |
Discontinued operations | $ | 3,031 |  |  | $ | (8,431 | )

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References No definition available. + Details
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