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Pro Forma Information (unaudited) | 12 Months Ended
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Dec. 31, 2014
Pro Forma Information |
Pro Forma Information | Note 14. Pro Forma Information (unaudited) During 2014, we purchased two senior living communities and two MOBs (three buildings), one of which was newly constructed in December 2013, for $1,204,393. We also assumed $15,630 of mortgage debt at a weighted average interest rate of 6.28% related to one of our 2014 acquisitions. In April 2014, we issued 15,5 25,000 common shares in a public offering, raising net proceeds of approximately $32 2,80 7. Also in April 2014, we sold $400,000 of 3.25% senior unsecured notes due 2019 and $250,000 of 4.75% senior unsecured notes due 2024, raising net proceeds of approximately $644,889. In May 2014, we entered into a $350,000 term loan agreement, which bears interest at a rate of LIBOR plus a premium of 140 basis points. During 2013, we purchased six senior living communities and six MOBs (seven buildings) for $202,824 and assumed $12,266 of mortgage debt at a weighted average interest rate of 6.25% related to certain of our 2013 acquisitions. In January 2013, we issued 11,500,000 common shares in a public offering, raising net proceeds of approximately $26 1,813. The following table presents our pro forma results of operations for the years ended December 31, 2014 and 2013 as if the acquisition of the 23 MOBs described in Note 3 and all of the 2013 and 2014 ac quisitions, except for the newly constructed MOB, described in the two preceding paragraphs had occurred on January 1, 2013. This pro forma data is not necessarily indicative of what actual results of operations would have been for the periods presented, nor does it represent the results of operations for any future period. Differences could result from, but are not limited to, additional property sales or investments, changes in interest rates and changes in our equity or debt structure.
|  | For the Year Ended |
|  | December 31, |
|  | 2014 |  | 2013 |
Total revenues |  | $ | 925,091 |  | $ | 827,801 |
Net income |  | $ | 173,622 |  | $ | 137,369 |
Per common share data (basic and diluted): |  |  |  |  |  |  |
Net income |  | $ | 0.85 |  | $ | 0.68 |
During the year ended December 31, 2014, we recognized revenues of $68,181, property operating expenses of $14,826 and interest expense of $631 arising from our acquisitions completed in 2014. During the year ended December 31, 2013, we recognized revenues of $12,306, property operating expenses of $4,057 and interest expense of $368 arising from our acquisitions completed in 2013.

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