ACQUISITIONS OF REAL ESTATE PROPERTY (Tables)
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6 Months Ended |
Jun. 30, 2015 |
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| 2015 Acquisitions |
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| Business Acquisition [Line Items] |
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| Acquisition Date Fair Values of the Assets Acquired and Liabilities Assumed |
The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed, which we determined using level two and level three inputs: | | | | | | | | | | | | | | | | | | Triple-Net Leased Properties | | Senior Living Operations | | MOB Operations | | Total | | (In thousands) | Land and improvements | $ | 123,879 |
| | $ | 70,713 |
| | $ | 171,650 |
| | $ | 366,242 |
| Buildings and improvements | 627,111 |
| | 703,080 |
| | 1,125,726 |
| | 2,455,917 |
| Acquired lease intangibles | 23,564 |
| | 83,867 |
| | 178,165 |
| | 285,596 |
| Other assets | 143,372 |
| | 275,139 |
| | 401,701 |
| | 820,212 |
| Total assets acquired | 917,926 |
| | 1,132,799 |
| | 1,877,242 |
| | 3,927,967 |
| Notes payable and other debt | — |
| | 77,940 |
| | 99,917 |
| | 177,857 |
| Other liabilities | 34,992 |
| | 45,142 |
| | 48,789 |
| | 128,923 |
| Total liabilities assumed | 34,992 |
| | 123,082 |
| | 148,706 |
| | 306,780 |
| Net assets acquired | 882,934 |
| | 1,009,717 |
| | 1,728,536 |
| | 3,621,187 |
| Redeemable OP unitholder interests assumed | | | | | | | 87,245 |
| Cash acquired | | | | | | | 54,778 |
| Equity issued | | | | | | | 2,216,355 |
| Total cash used |
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| | $ | 1,262,809 |
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| 2014 Acquisitions |
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| Business Acquisition [Line Items] |
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| Acquisition Date Fair Values of the Assets Acquired and Liabilities Assumed |
The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed in our 2014 real estate acquisitions, which we determined using level two and level three inputs: | | | | | | | | | | | | | | Triple-Net Leased Properties | | Senior Living Operations | | Total | | (In thousands) | Land and improvements | $ | 45,586 |
| | $ | 100,281 |
| | $ | 145,867 |
| Buildings and improvements | 546,849 |
| | 1,081,384 |
| | 1,628,233 |
| Acquired lease intangibles | 28,883 |
| | 36,452 |
| | 65,335 |
| Other assets | 227 |
| | 12,393 |
| | 12,620 |
| Total assets acquired | 621,545 |
| | 1,230,510 |
| | 1,852,055 |
| Notes payable and other debt | 12,927 |
| | 228,150 |
| | 241,077 |
| Other liabilities | 8,609 |
| | 124,714 |
| | 133,323 |
| Total liabilities assumed | 21,536 |
| | 352,864 |
| | 374,400 |
| Net assets acquired | 600,009 |
| | 877,646 |
| | 1,477,655 |
| Cash acquired | 227 |
| | 8,704 |
| | 8,931 |
| Total cash used | $ | 599,782 |
| | $ | 868,942 |
| | $ | 1,468,724 |
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| American Realty Capital Healthcare Trust |
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| Business Acquisition [Line Items] |
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| Business Acquisition, Pro Forma Information |
The following table illustrates the effect on net income and earnings per share if we had consummated the HCT acquisition as of January 1, 2014. | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | 2015 | | 2014 | | 2015 | | 2014 | | (In thousands, except per share amounts) | Revenues | $ | 891,250 |
| | $ | 824,308 |
| | $ | 1,788,818 |
| | $ | 1,638,813 |
| Income from continuing operations attributable to common stockholders, including real estate dispositions | $ | 149,074 |
| | $ | 141,923 |
| | $ | 288,796 |
| | $ | 263,190 |
| Earnings per common share: | | | | | | | | Basic: | | | | | | | | Income from continuing operations attributable to common stockholders, including real estate dispositions | $ | 0.45 |
| | $ | 0.44 |
| | $ | 0.88 |
| | $ | 0.82 |
| Diluted: | | | | | | | | Income from continuing operations attributable to common stockholders, including real estate dispositions | $ | 0.45 |
| | $ | 0.44 |
| | $ | 0.87 |
| | $ | 0.81 |
| Weighted average shares used in computing earnings per common share: | | | | | | | | Basic | 330,715 |
| | 322,403 |
| | 327,890 |
| | 322,347 |
| Diluted | 334,026 |
| | 326,037 |
| | 331,424 |
| | 325,902 |
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