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Real Estate Properties (Tables) | 3 Months Ended
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Mar. 31, 2013
Triple Net Senior Living Communities |
Real Estate Properties |
Schedule of real estate property acquisition |
Date |  | Location |  | Number of Properties |  | Units/ Beds |  | Purchase Price (1) |  | Land |  | Buildings and Improvements |  | FF&E |  | Intangible Assets |  | Assumed Debt |  | Premium on Assumed Debt |
January 2013 (2) |  | Redmond, WA |  | 1 |  | 150 |  | $ | 22,350 |  | $ | 5,120 |  | $ | 16,562 |  | $ | 669 |  | $ | 1,039 |  | $ | 12,266 |  | $ | 1,040 |
(1) Purchase price includes the assumption of mortgage debt and excludes closing costs. The allocation of the purchase price of our acquisition shown above is based upon preliminary estimates of the fair value of assets acquired and liabilities assumed. Consequently, amounts preliminarily allocated to assets acquired and liabilities assumed could change significantly from those used in these condensed consolidated financial statements. (2) We leased this property to a subsidiary of Stellar Senior Living, LLC for an initial term expiring in 2028 for initial rent of approximately $1,732 per year. Percentage rent, based on an increase in gross revenues at this property, will commence in 2016.
MOB |
Real Estate Properties |
Schedule of real estate property acquisition |
Date |  | Location |  | Number of Properties |  | Square Feet |  | Purchase Price (1) |  | Land |  | Buildings and Improvements |  | Acquired Real Estate Leases |  | Acquired Real Estate Lease Obligations |
February 2013 |  | Bothell, WA |  | 2 |  | 145 |  | $ | 38,000 |  | $ | 5,639 |  | $ | 25,239 |  | $ | 8,442 |  | $ | 1,539 |
March 2013 |  | Hattiesburg, MS |  | 1 |  | 72 |  | $ | 14,600 |  | $ | 1,269 |  | $ | 11,691 |  | $ | 2,323 |  | $ | 683 |
|  |  |  | 3 |  | 217 |  | $ | 52,600 |  | $ | 6,908 |  | $ | 36,930 |  | $ | 10,765 |  | $ | 2,222 |
(1) Purchase price excludes closing costs. The allocation of the purchase price of our acquisitions shown above is based upon preliminary estimates of the fair value of assets acquired and liabilities assumed. Consequently, amounts preliminarily allocated to assets acquired and liabilities assumed could change significantly from those used in these condensed consolidated financial statements.

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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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