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Real Estate Properties (Tables) | 6 Months Ended
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Jun. 30, 2013
Real Estate Properties |
Schedule of summarized income statement information for the seven MOBs that meet the criteria for discontinued operations included in discontinued operations |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |
|  | 2013 |  | 2012 |  | 2013 |  | 2012 |
Rental income |  | $ | 2,574 |  | $ | 2,579 |  | $ | 5,095 |  | $ | 5,056 |
Property operating expenses |  | (862 | ) | (916 | ) | (1,773 | ) | (1,587 | )
Depreciation and amortization |  | (199 | ) | (606 | ) | (799 | ) | (1,210 | )
Income from discontinued operations |  | $ | 1,513 |  | $ | 1,057 |  | $ | 2,523 |  | $ | 2,259
Triple Net Senior Living Communities |
Real Estate Properties |
Schedule of real estate property acquisition |
|  |  |  | Number |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Premium |
|  |  |  | of |  | Units/ |  | Purchase |  |  |  | Buildings and |  |  |  | Intangible |  | Assumed |  | on Assumed |
Date |  | Location |  | Properties |  | Beds |  | Price (1) |  | Land |  | Improvements |  | FF&E |  | Assets |  | Debt |  | 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 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Acquired |
|  |  |  | Number |  |  |  |  |  |  |  |  |  | Acquired |  | Real Estate |
|  |  |  | of |  | Square |  | Purchase |  |  |  | Buildings and |  | Real Estate |  | Lease |
Date |  | Location |  | Properties |  | Feet |  | Price (1) |  | Land |  | Improvements |  | Leases |  | 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 disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: 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=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: 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=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43, 44, 45, 47, 48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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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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