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Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2014
Segment Reporting |
Schedule of segment reporting information |
|  | For the Three Months Ended March 31, 2014 |
|  | Triple Net Senior Living Communities |  | Managed Senior Living Communities |  | MOBs |  | All Other Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 54,890 |  | $ | — |  | $ | 52,763 |  | $ | 4,402 |  | $ | 112,055 |
Residents fees and services |  | — |  | 79,442 |  | — |  | — |  | 79,442 |
Total revenues |  | 54,890 |  | 79,442 |  | 52,763 |  | 4,402 |  | 191,497 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  | — |  | 60,788 |  | 17,014 |  | — |  | 77,802 |
Depreciation |  | 15,637 |  | 8,155 |  | 13,615 |  | 948 |  | 38,355 |
General and administrative |  | — |  | — |  | — |  | 8,290 |  | 8,290 |
Acquisition related costs |  | — |  | — |  | — |  | 122 |  | 122 |
Total expenses |  | 15,637 |  | 68,943 |  | 30,629 |  | 9,360 |  | 124,569 |
Operating income (loss) |  | 39,253 |  | 10,499 |  | 22,134 |  | (4,958 | ) | 66,928 |
Interest and other income |  | — |  | — |  | — |  | 105 |  | 105 |
Interest expense |  | (6,388 | ) | (2,988 | ) | (1,337 | ) | (18,187 | ) | (28,900 | )
Income (loss) before income tax expense and equity in earnings of an investee |  | 32,865 |  | 7,511 |  | 20,797 |  | (23,040 | ) | 38,133 |
Income tax expense |  | — |  | — |  | — |  | (191 | ) | (191 | )
Equity in losses of an investee |  | — |  | — |  | — |  | (97 | ) | (97 | )
Income (loss) from continuing operations |  | 32,865 |  | 7,511 |  | 20,797 |  | (23,328 | ) | 37,845 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |
Income from discontinued operations |  | — |  | — |  | 1,300 |  | — |  | 1,300 |
Impairment of assets from discontinued operations |  | — |  | — |  | (721 | ) | — |  | (721 | )
Income (loss) before gain on sale of properties |  | 32,865 |  | 7,511 |  | 21,376 |  | (23,328 | ) | 38,424 |
Gain on sale of properties |  | 156 |  | — |  | — |  | — |  | 156 |
Net income (loss) |  | $ | 33,021 |  | $ | 7,511 |  | $ | 21,376 |  | $ | (23,328 | ) | $ | 38,580 |
Total assets |  | $ | 1,843,510 |  | $ | 949,468 |  | $ | 1,717,000 |  | $ | 268,689 |  | $ | 4,778,667 |
|  | For the Three Months Ended March 31, 2013 |
|  | Triple Net Senior Living Communities |  | Managed Senior Living Communities |  | MOBs |  | All Other Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 56,765 |  | $ | — |  | $ | 50,683 |  | $ | 4,404 |  | $ | 111,852 |
Residents fees and services |  | — |  | 75,056 |  | — |  | — |  | 75,056 |
Total revenues |  | 56,765 |  | 75,056 |  | 50,683 |  | 4,404 |  | 186,908 |
Expenses: |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  | — |  | 57,904 |  | 15,775 |  | — |  | 73,679 |
Depreciation |  | 16,917 |  | 6,849 |  | 12,989 |  | 948 |  | 37,703 |
General and administrative |  | — |  | — |  | — |  | 8,648 |  | 8,648 |
Acquisition related costs |  | — |  | — |  | — |  | 1,903 |  | 1,903 |
Impairment of assets |  | — |  | — |  | — |  | 1,304 |  | 1,304 |
Total expenses |  | 16,917 |  | 64,753 |  | 28,764 |  | 12,803 |  | 123,237 |
Operating income (loss) |  | 39,848 |  | 10,303 |  | 21,919 |  | (8,399 | ) | 63,671 |
Interest and other income |  | — |  | — |  | — |  | 173 |  | 173 |
Interest expense |  | (6,463 | ) | (3,068 | ) | (1,348 | ) | (18,685 | ) | (29,564 | )
Income (loss) before income tax expense and equity in earnings of an investee |  | 33,385 |  | 7,235 |  | 20,571 |  | (26,911 | ) | 34,280 |
Income tax expense |  | — |  | — |  | — |  | (140 | ) | (140 | )
Equity in earnings of an investee |  | — |  | — |  | — |  | 76 |  | 76 |
Income (loss) from continuing operations |  | 33,385 |  | 7,235 |  | 20,571 |  | (26,975 | ) | 34,216 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |
Income from discontinued operations |  | — |  | — |  | 1,019 |  | — |  | 1,019 |
Net income (loss) |  | $ | 33,385 |  | $ | 7,235 |  | $ | 21,590 |  | $ | (26,975 | ) | $ | 35,235 |
Total assets |  | $ | 1,937,795 |  | $ | 954,155 |  | $ | 1,728,516 |  | $ | 190,803 |  | $ | 4,811,269 |

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