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DISPOSITIONS | 9 Months Ended
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Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract] |
DISPOSITIONS | NOTE 5—DISPOSITIONS 2016 Activity During the nine months ended September 30, 2016, we sold three triple-net leased properties, one seniors housing community included in our senior living operations reportable business segment and one MOB for aggregate consideration of $63.8 million. We recognized a gain on the sales of these assets of $31.8 million. 2015 Activity During the nine months ended September 30, 2015, we sold 32 triple-net leased properties and 25 MOBs for aggregate consideration of $436.0 million, including $6.0 million of lease termination fees (included within triple-net leased rental income in our Consolidated Statements of Income). For the nine months ended September 30, 2015, we recognized a gain on the sales of these assets of $32.8 million (net of taxes), of which $18.1 million was deferred due to an unsecured loan we made to the buyer in connection with the sale of certain assets. The gain is being recognized into income as principal payments are made on the loan over its five-year term. Real Estate Impairment There was no impairment recognized for the three months ended September 30, 2016. An impairment of $2.5 million was recognized for the three months ended September 30, 2015. We recognized impairments of $14.5 million and $31.3 million for the nine months ended September 30, 2016 and 2015, respectively, which are recorded in depreciation and amortization. Of these impairments, none and $13.0 million for the nine months ended September 30, 2016 and 2015, respectively, were reported in discontinued operations in our Consolidated Statements of Income. Discontinued Operations and Assets Held for Sale The table below summarizes our real estate assets classified as held for sale as of September 30, 2016 and December 31, 2015, including the amounts reported on our Consolidated Balance Sheets.
|  | September 30, 2016 |  | December 31, 2015
|  | Number of Properties Held for Sale |  | Assets Held for Sale |  | Liabilities Held for Sale |  | Number of Properties Held for Sale |  | Assets Held for Sale |  | Liabilities Held for Sale
|  | (Dollars in thousands)
Triple-net Leased Properties |  | 25 |  |  | $ | 140,948 |  |  | $ | 76,092 |  |  | 2 |  |  | $ | 4,488 |  |  | $ | 44 |
Office Operations |  | 7 |  |  | 52,487 |  |  | 1,507 |  |  | 8 |  |  | 68,619 |  |  | 24,759 |
Senior Living Operations* |  | — |  |  | 1,817 |  |  | 9 |  |  | 1 |  |  | 19,953 |  |  | 9,537 |
Total |  | 32 |  |  | $ | 195,252 |  |  | $ | 77,608 |  |  | 11 |  |  | $ | 93,060 |  |  | $ | 34,340 |
* As of September 30, 2016 there is one vacant land parcel classified as held for sale.
Set forth below is a summary of our results of operations for properties within discontinued operations for the three and nine months ended September 30, 2016 and 2015.
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (In thousands)
Revenues: |  |  |  |  |  |  |
Rental income | $ | — |  |  | $ | 40,641 |  |  | $ | — |  |  | $ | 196,848 |
Income from loans and investments | — |  |  | 449 |  |  | — |  |  | 2,148 |
Interest and other income | — |  |  | — |  |  | — |  |  | 63 |
| — |  |  | 41,090 |  |  | — |  |  | 199,059 |
Expenses: |  |  |  |  |  |  |
Interest | — |  |  | 12,172 |  |  | — |  |  | 60,428 |
Depreciation and amortization | — |  |  | 13,878 |  |  | — |  |  | 79,608 |
General, administrative and professional fees | — |  |  | 2 |  |  | — |  |  | 9 |
Merger-related expenses and deal costs | 118 |  |  | 37,190 |  |  | 754 |  |  | 44,069 |
Other | — |  |  | 175 |  |  | — |  |  | 1,620 |
| 118 |  |  | 63,417 |  |  | 754 |  |  | 185,734 |
(Loss) income before real estate dispositions and noncontrolling interest | (118 | ) |  | (22,327 | ) |  | (754 | ) |  | 13,325 |
(Loss) gain on real estate dispositions | — |  |  | (48 | ) |  | (1 | ) |  | 229 |
Net (loss) income from discontinued operations | (118 | ) |  | (22,375 | ) |  | (755 | ) |  | 13,554 |
Net income attributable to noncontrolling interest | — |  |  | 8 |  |  | — |  |  | 120 |
Net (loss) income from discontinued operations attributable to common stockholders | $ | (118 | ) |  | $ | (22,383 | ) |  | $ | (755 | ) |  | $ | 13,434 |
Substantially all of the amounts reported for 2015 as discontinued operations in the table above reflect the historical results of operations of the CCP properties prior to the CCP Spin-Off. All merger-related expenses and deal costs presented above reflect separation costs relating to the CCP Spin-Off. Transition Services Agreement We and CCP entered into a transition services agreement prior to the CCP Spin-Off pursuant to which we and our subsidiaries provide to CCP, on an interim, transitional basis, various services. The services provided include information technology, accounting and tax services. The overall fee charged by us for such services (the "Service Fee") was $2.5 million for one year. For the three and nine months ended September 30, 2016, we recognized income of $0.4 million and $1.6 million, respectively, relating to the Service Fee, which was payable in four quarterly installments. The transition services agreement expired on August 31, 2016.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 6: 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=64862545&loc=d3e2941-110230 Reference 7: 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=64827811&loc=d3e1361-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 Reference 12: 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=64827811&loc=d3e1474-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 + Details
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