v3.2.0.727

DISPOSITIONS | 6 Months Ended
--- | ---
Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract] |
DISPOSITIONS | DISPOSITIONS 2015 Activity During the six months ended June 30, 2015, we sold 30 triple-net leased properties and 25 MOBs for aggregate consideration of $423.3 million, including lease termination fees of $5.5 million (included within triple-net leased rental income in our Consolidated Statements of Income). As of June 30, 2015, $124.3 million of the proceeds received from these sales was held in an Internal Revenue Code Section 1031 exchange escrow account with a qualified intermediary. We recognized a gain on the sales of these assets of $32.6 million (net of taxes), of which $18.1 million is being deferred due to an unsecured loan we made to the buyer in connection with the sale of certain assets. The gain will be deferred and subsequently recognized into income as principal payments are made on the loan over its five-year term. 2014 Activity During the six months ended June 30, 2014, we sold eight triple-net leased properties and four MOBs for aggregate consideration of $52.4 million and recognized a net gain on the sales of these assets of $16.3 million, of which $1.5 million is reported within discontinued operations in our Consolidated Statements of Income. Discontinued Operations and Assets Held for Sale We present separately, as discontinued operations in all periods presented, the results of operations for all real estate assets classified as held for sale as of June 30, 2015, and all real estate assets disposed of during the period from January 1, 2014 through June 30, 2015, that meet the criteria of discontinued operations. The table below summarizes our real estate assets classified as held for sale as of June 30, 2015 and December 31, 2014, including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets.
|  | June 30, 2015 |  | December 31, 2014
|  | Number of Properties Held for Sale (1) |  | Other Assets |  | Accounts Payable and Other Liabilities |  | Number of Properties Held for Sale (1) |  | Other Assets |  | Accounts Payable and Other Liabilities
|  | (Dollars in thousands)
Triple-net leased properties |  | 11 |  |  | $ | 24,119 |  |  | $ | 1,120 |  |  | 14 |  |  | $ | 34,097 |  |  | $ | 1,330 |
MOB operations |  | 11 |  |  | 81,961 |  |  | 36,224 |  |  | 36 |  |  | 176,366 |  |  | 48,895 |
Total |  | 22 |  |  | $ | 106,080 |  |  | $ | 37,344 |  |  | 50 |  |  | $ | 210,463 |  |  | $ | 50,225 |
(1) | The operations for one triple-net leased property and two MOBs are reported in discontinued operations in our Consolidated Statements of Income.
We recognized impairments of $28.7 million and $8.4 million for the six months ended June 30, 2015 and 2014, respectively, which are recorded primarily as a component of depreciation and amortization. For the six months ended June 30, 2015 and 2014, $0.1 million and $1.5 million of impairments were recorded in discontinued operations in our Consolidated Statements of Income. Set forth below is a summary of our results of operations for properties within discontinued operations for the three and six months ended June 30, 2015 and 2014.
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
| (In thousands)
Revenues: |  |  |  |  |  |  |
Rental income | $ | 69 |  |  | $ | 1,808 |  |  | $ | 141 |  |  | $ | 4,008 |
Interest and other income | — |  |  | — |  |  | — |  |  | 750 |
| 69 |  |  | 1,808 |  |  | 141 |  |  | 4,758 |
Expenses: |  |  |  |  |  |  |
Interest | 110 |  |  | 503 |  |  | 362 |  |  | 1,181 |
Depreciation and amortization | 12 |  |  | 1,247 |  |  | 24 |  |  | 1,528 |
Property-level operating expenses | 89 |  |  | (1 | ) |  | 177 |  |  | 280 |
Other | 68 |  |  | 130 |  |  | 211 |  |  | 246 |
| 279 |  |  | 1,879 |  |  | 774 |  |  | 3,235 |
(Loss) income before gain (loss) on real estate dispositions | (210 | ) |  | (71 | ) |  | (633 | ) |  | 1,523 |
Gain (loss) on real estate dispositions | 277 |  |  | (184 | ) |  | 277 |  |  | 1,253 |
Discontinued operations | $ | 67 |  |  | $ | (255 | ) |  | $ | (356 | ) |  | $ | 2,776 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration