Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2012

	For the Year Ended December 31, 2012

	Short and Long Term Residential Care Communities			MOBs			All Other Operations			Consolidated
Revenues:
Rental income	$	246,948		$	196,107		$	17,756		$	460,811
Residents fees and services		184,031			—			—			184,031

Total revenues		430,979			196,107			17,756			644,842
Expenses:
Depreciation		87,856			49,808			3,792			141,456
Property operating expenses		138,819			62,444			—			201,263
General and administrative		—			—			31,517			31,517
Acquisition related costs		—			—			9,394			9,394
Impairment of assets		—			3,071			—			3,071

Total expenses		226,675			115,323			44,703			386,701

Operating income (loss)		204,304			80,784			(26,947	)		258,141
Interest and other income		—			—			1,117			1,117
Interest expense		(47,299	)		(3,255	)		(66,686	)		(117,240	)
Loss on early extinguishment of debt		—			—			(6,349	)		(6,349	)
Gain on lease terminations		375			—			—			375
Loss on sale of properties		—			(101	)		—			(101	)
Equity in earnings of an investee		—			—			316			316

Income (loss) before income tax expense		157,380			77,428			(98,549	)		136,259
Income tax expense		—			—			(375	)		(375	)

Net income (loss)	$	157,380		$	77,428		$	(98,924	)	$	135,884

Total assets	$	2,767,227		$	1,684,434		$	296,341		$	4,748,002

	For the Year Ended December 31, 2011

	Short and Long Term Residential Care Communities			MOBs			All Other Operations			Consolidated
Revenues:
Rental income	$	242,652		$	161,809		$	17,705		$	422,166
Residents fees and services		27,851			—			—			27,851

Total revenues		270,503			161,809			17,705			450,017
Expenses:
Depreciation		71,020			38,453			3,792			113,265
Property operating expenses		21,639			47,328			—			68,967
General and administrative		—			—			26,041			26,041
Acquisition related costs		—			—			12,239			12,239
Impairment of assets		1,028			962			—			1,990

Total expenses		93,687			86,743			42,072			222,502

Operating income (loss)		176,816			75,066			(24,367	)		227,515
Interest and other income		—			—			1,451			1,451
Interest expense		(43,862	)		(996	)		(53,404	)		(98,262	)
Loss on early extinguishment of debt		—			—			(427	)		(427	)
Gain on sale of properties		21,236			79			—			21,315
Equity in earnings of an investee		—			—			139			139

Income (loss) before income tax expense		154,190			74,149			(76,608	)		151,731
Income tax expense		—			—			(312	)		(312	)

Net income (loss)	$	154,190		$	74,149		$	(76,920	)	$	151,419

Total assets	$	2,461,532		$	1,487,364		$	434,152		$	4,383,048

	For the Year Ended December 31, 2010

	Short and Long Term Residential Care Communities			MOBs			All Other Operations			Consolidated
Rental income	$	237,578		$	85,152		$	17,383		$	340,113
Expenses:
Depreciation		66,172			20,445			3,792			90,409
Property operating expenses		—			20,169			—			20,169
General and administrative		—			—			21,677			21,677
Acquisition related costs		—			—			3,610			3,610
Impairment of assets		1,095			4,870			—			5,965

Total expenses		67,267			45,484			29,079			141,830

Operating income (loss)		170,311			39,668			(11,696	)		198,283
Interest and other income		—			—			844			844
Interest expense		(41,076	)		(862	)		(38,079	)		(80,017	)
Loss on early extinguishment of debt		—			—			(2,433	)		(2,433	)
Gain on sale of properties		109			—			—			109
Equity in losses of an investee		—			—			(1	)		(1	)

Income (loss) before income tax expense		129,344			38,806			(51,365	)		116,785
Income tax expense		—			—			(300	)		(300	)

Net income (loss)	$	129,344		$	38,806		$	(51,665	)	$	116,485

Total assets	$	1,905,938		$	1,167,994		$	318,724		$	3,392,656

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details