XML 19 R43.htm IDEA: XBRL DOCUMENT
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Subsequent Events (Details) (USD $) | 9 Months Ended |  |  |  |  |  | 1 Months Ended |  | 9 Months Ended |  |  |  | 9 Months Ended |  | 1 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 1 Months Ended |  | 9 Months Ended |  | 1 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 1 Months Ended
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Sep. 30, 2012 Unit | Dec. 31, 2011 | Sep. 30, 2011 | Sep. 30, 2012 Mortgage Loans property | Sep. 30, 2011 SNF Beds bed | Sep. 30, 2012 SNF Beds Mortgage Loans bed | Oct. 31, 2012 Assisted living and Memory care property Kansas Unit item | Oct. 31, 2012 Assisted living and Memory care property Kansas Maximum | Sep. 30, 2011 SNF bed | Sep. 30, 2012 SNF bed | Sep. 30, 2012 SNF Mortgage Loans property | Sep. 30, 2011 SNF SNF Beds bed | Sep. 30, 2012 SNF SNF Beds Mortgage Loans bed | Sep. 30, 2012 Memory care property Colorado item | Sep. 30, 2012 Memory care property Colorado Maximum | Oct. 31, 2012 Capital improvement commitment expiring 3/31/13 SNF | Sep. 30, 2012 Capital improvement commitment expiring 3/31/13 SNF property | Oct. 31, 2012 Capital improvement commitment expiring 12/1/13 UDP units | Sep. 30, 2012 Capital improvement commitment expiring 12/1/13 UDP units | Oct. 31, 2012 Capital improvement commitment expiring 8/31/2015 EDU units | Sep. 30, 2012 Capital improvement commitment expiring 8/31/2015 EDU units property | Sep. 30, 2012 Loan commitment expiring on 11/30/2012 | Sep. 30, 2012 Loan commitment expiring 12/31/2012 | Oct. 31, 2012 Loan commitment expiring 12/31/2012 SNF | Sep. 30, 2012 Loan commitment expiring 12/31/2012 SNF | Sep. 30, 2012 Loan commitment expiring 12/31/2012 SNF | Sep. 30, 2012 Bank Borrowings | Dec. 31, 2012 Dividend declared | Nov. 30, 2012 Dividend declared | Oct. 31, 2012 Dividend declared | Oct. 31, 2012 Subsequent Event | Oct. 31, 2012 Subsequent Event Assisted living and Memory care property Kansas item | Oct. 31, 2012 Subsequent Event Capital improvement commitment expiring 3/31/13 SNF property | Oct. 31, 2012 Subsequent Event Capital improvement commitment expiring 10/11/2013 UDP units | Sep. 30, 2012 Subsequent Event Capital improvement commitment expiring 10/11/2013 UDP units SNF Beds Texas bed | Oct. 31, 2012 Subsequent Event Capital improvement commitment expiring 12/1/13 UDP units | Sep. 30, 2012 Subsequent Event Capital improvement commitment expiring 12/1/13 Memory care property 60-unit free-standing, private-pay memory care property Colorado Unit | Sep. 30, 2012 Subsequent Event Capital improvement commitment expiring 10/23/2014 Assisted living and Memory care property Unit | Oct. 31, 2012 Subsequent Event Capital improvement commitment expiring 10/23/2014 UDP units | Oct. 31, 2012 Subsequent Event Capital improvement commitment expiring 8/31/2015 EDU units property | Oct. 31, 2012 Subsequent Event Loan commitment expiring on 11/30/2012 | Oct. 31, 2012 Subsequent Event Loan commitment expiring 12/31/2012 SNF | Oct. 31, 2012 Subsequent Event Bank Borrowings
Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash dividend per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 0.155 | $ 0.155 | $ 0.155 |  |  |  |  |  |  |  |  |  |  |  |  |
Commitment | $ 39,215,000 |  |  |  |  |  |  | $ 9,855,000 |  |  |  |  |  |  | $ 7,935,000 |  | $ 1,700,000 |  | $ 7,935,000 |  | $ 30,000 |  | $ 2,500,000 |  |  |  |  |  |  |  | $ 27,770,000 |  | $ 1,700,000 | $ 8,250,000 |  | $ 7,935,000 |  |  | $ 9,855,000 | $ 30,000 |  |  |
Funded Commitment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 219,000 |  | 847,000 |  | 30,000 |  |  |  |  |  |  |  |  |  |  | 2,014,000 |  | 219,000 | 426,000 |  | 847,000 |  |  | 492,000 | 30,000 |  |  |
Purchase Price | 80,982,000 |  | 72,291,000 |  |  |  | 730,000 |  | 60,841,000 | 79,100,000 |  |  |  | 1,882,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 730,000 |  |  |  |  |  |  |  |  |  |  |
Commitment | 1,717,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 250,000 |  |  | 667,000 | 667,000 |  |  |  |  | 917,000 |  |  |  |  |  |  |  |  |  | 250,000 | 667,000 |
Used Commitment | 2,422,000 |  |  |  |  |  | 492,000 |  |  |  |  |  |  |  |  |  | 492,000 |  | 1,438,000 |  |  |  |  |  |  |  |  |  |  |  | 4,436,000 | 492,000 | 711,000 | 918,000 |  | 2,285,000 |  |  | 492,000 | 30,000 |  |  |
Open Commitment | 36,793,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,208,000 |  | 6,497,000 |  | 30,000 |  |  |  |  |  |  |  |  |  | 23,334,000 |  | 989,000 | 7,332,000 |  | 5,650,000 |  |  | 9,363,000 |  |  |  |
Initial Cash Yield (as a percent) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9.00% |  | 9.25% |  |  |  |  |  | 9.00% | 9.00% |  |  |  |  |  |  | 9.00% | 9.00% |  | 9.25% |  |  | 9.25% |  |  |  |
Number of properties |  |  |  | 33 |  |  |  |  |  |  | 18 |  |  |  |  |  | 2 |  |  |  | 1 |  |  |  |  |  |  |  |  |  |  |  | 2 |  |  |  |  |  |  | 1 |  |  |
Initial rent rate (as a percent) |  |  |  |  |  |  | 9.25% |  |  |  |  |  |  | 9.25% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9.25% |  |  |  |  |  |  |  |  |  |  |
Compounded interest rate (as a percent) |  |  |  |  |  |  | 9.00% |  |  |  |  |  |  | 9.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9.00% |  |  |  |  |  |  |  |  |  |  |
Lease term of master lease |  |  |  |  |  |  | 10 years |  |  |  |  |  |  | 11 years |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10 years |  |  |  |  |  |  |  |  |  |  |
Number of renewal options |  |  |  |  |  |  | 2 |  |  |  |  |  |  | 4 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |  |  |  |  |  |  |  |  |  |  |
Renewal options |  |  |  |  |  |  | 5 years |  |  |  |  |  |  | 5 years |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5 years |  |  |  |  |  |  |  |  |  |  |
Annual escalation under lease (as a percent) |  |  |  |  |  |  | 2.50% |  |  |  |  |  |  | 2.50% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2.50% |  |  |  |  |  |  |  |  |  |  |
Number of beds/units acquired |  |  |  |  |  |  | 77 |  | 524 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 120 |  | 60 | 77 |  |  |  |  |
Number of beds/units in existing property that is being replaced |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 90 |  |  |  |  |  |  |  |
Number of Beds/Units | 522 |  |  |  | 782 | 2,093 |  |  |  | 522 |  | 664 | 1,994 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Received) Funded Commitment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 177,000 |  |  |  |  |  |  | 127,000 |  |  |  |  |  |  |  |  |  | (50,000) | 177,000 |
Used Commitment | 413,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 200,000 |  |  | 140,000 | 193,000 |  |  |  |  | 520,000 |  |  |  |  |  |  |  |  |  | 150,000 | 370,000 |
Open Commitment | 1,304,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 50,000 |  |  | 474,000 | 474,000 |  |  |  |  | 397,000 |  |  |  |  |  |  |  |  |  | 100,000 | 297,000 |
Estimated yield (as a percent) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9.00% |  |  | 9.00% | 9.00% |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9.00% | 9.00% |
Repayment amount |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 73,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,000,000
Amount outstanding under Unsecured Credit Agreement | 35,500,000 | 56,000,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 35,500,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29,500,000
Amount available for borrowing under Unsecured Credit Agreement |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 204,500,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 210,500,000

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- Definition Represents the compounded rate of interest on each advance under the lease agreement and development commitment. + References No definition available. + Details
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- Definition The number of beds or units in an existing real estate property that is being replaced by the entity. + References No definition available. + Details
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