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Real Estate Properties (Tables) | 12 Months Ended
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Dec. 31, 2014
Real Estate Properties |
Schedule of summarized income statement information for the seven MOBs that meet the criteria for discontinued operations included in discontinued operations |
|  | For the year ended December 31, |
|  | 2014 |  | 2013 |  | 2012 |
Rental income |  | $ | 3,949 |  | $ | 9,451 |  | $ | 10,042 |
Property operating expenses |  |  | (2,587) |  |  | (3,609) |  |  | (3,567) |
Depreciation and amortization |  |  | — |  |  | (799) |  |  | (2,414) |
Income from discontinued operations |  | $ | 1,362 |  | $ | 5,043 |  | $ | 4,061 |
MOBs |
Real Estate Properties |
Schedule of real estate property acquisition |
|  |  |  |  |  |  |  | Cash Paid |  |  |  |  |  |  |  |  |  |  | Acquired |  |  |  |  |  |  |
|  |  |  | Number |  |  |  | plus |  |  |  |  | Buildings |  | Acquired |  | Real Estate |  |  |  |  | Premium |
|  |  |  | of |  | Square |  | Assumed |  |  |  |  | and |  | Real Estate |  | Lease |  | Assumed |  | on Assumed |
Date |  | Location |  | Properties |  | Feet (000's) |  | Debt(1) |  | Land |  | Improvements |  | Leases |  | Obligations |  | Debt |  | Debt |
MOB Acquisitions during the year ended December 31, 2014: |
April 2014 |  | TX |  | 1 |  | 125 |  | $ | 32,932 |  | $ | 3,141 |  | $ | 23,142 |  | $ | 7,672 |  | $ | 10 |  | $ | 15,630 |  | $ | 1,013 |
May 2014 |  | MA |  | 1 |  | 1,651 |  |  | 1,124,031 |  |  | 52,643 |  |  | 786,524 |  |  | 403,349 |  |  | 118,485 |  |  | — |  |  | — |
|  |  |  | 2 |  | 1,776 |  | $ | 1,156,963 |  | $ | 55,784 |  | $ | 809,666 |  | $ | 411,021 |  | $ | 118,495 |  | $ | 15,630 |  | $ | 1,013 |
MOB Acquisitions during the year ended December 31, 2013: |
February 2013 |  | WA |  | 1 |  | 145 |  | $ | 38,000 |  | $ | 5,639 |  | $ | 27,213 |  | $ | 6,736 |  | $ | 1,588 |  | $ | — |  | $ | — |
March 2013 |  | MS |  | 1 |  | 72 |  |  | 14,600 |  |  | 1,269 |  |  | 12,516 |  |  | 1,498 |  |  | 683 |  |  | — |  |  | — |
August 2013(2) |  | MA |  | 1 |  | 105 |  |  | 49,500 |  |  | 4,559 |  |  | 44,941 |  |  | — |  |  | — |  |  | — |  |  | — |
December 2013 |  | FL |  | 3 |  | 63 |  |  | 15,375 |  |  | 2,432 |  |  | 11,165 |  |  | 1,778 |  |  | — |  |  | — |  |  | — |
|  |  |  | 6 |  | 385 |  | $ | 117,475 |  | $ | 13,899 |  | $ | 95,835 |  | $ | 10,012 |  | $ | 2,271 |  | $ | — |  | $ | — |
| (1) |  | Cash paid plus assumed debt, if any, excludes closing costs. The allocation of the purchase price of certain of our 2014 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 consolidated financial statements.
| (2) |  | This acquisition is accounted for as an asset purchase.
Triple Net Leased Net Senior Living Communities |
Real Estate Properties |
Schedule of real estate property acquisition |
|  |  |  |  |  |  |  | Cash Paid |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Number |  |  |  | plus |  |  |  |  | Buildings |  |  |  |  |  |  |  |  |  |  | Premium |
|  |  |  | of |  | Units/ |  | Assumed |  |  |  |  | and |  |  |  |  | Intangible |  | Assumed |  | on Assumed |
Date |  | Location |  | Properties |  | Beds |  | Debt(1) |  | Land |  | Improvements |  | FF&E |  | Assets |  | Debt |  | Debt |
Triple Net Senior Living Communities Acquisitions during the year ended December 31, 2014: |
There were no triple net senior living communities acquisitions during the year ended December 31, 2014 |
Triple Net Senior Living Communities Acquisitions during the year ended December 31, 2013: |
January 2013(2) |  | WA |  | 1 |  | 150 |  | $ | 22,350 |  | $ | 5,120 |  | $ | 16,562 |  | $ | 669 |  | $ | 1,039 |  | $ | 12,266 |  | $ | 1,040 |
|  |  |  | 1 |  | 150 |  | $ | 22,350 |  | $ | 5,120 |  | $ | 16,562 |  | $ | 669 |  | $ | 1,039 |  | $ | 12,266 |  | $ | 1,040 |
| (1) |  | Cash paid plus assumed debt, if any, excludes closing costs.
| (2) |  | We leased this property to a subsidiary of Stellar Senior Living, LLC, or Stellar, for an initial term expiring in 2028 for initial rent of approximately $1,732 per year. Percentage rent, based on increases in gross revenues at this property, will commence in 2016.
Managed Senior Living Communities |
Real Estate Properties |
Schedule of real estate property acquisition |
|  |  |  |  |  |  |  | Cash Paid |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | Number |  |  |  | plus |  |  |  |  | Buildings |  |  |  |  |  |  |  |  |  |  | Premium |
|  |  |  | of |  | Units/ |  | Assumed |  |  |  |  | and |  |  |  |  | Intangible |  | Assumed |  | on Assumed |
Date |  | Location |  | Properties |  | Beds |  | Debt(1) |  | Land |  | Improvements |  | FF&E |  | Assets |  | Debt |  | Debt |
Managed Senior Living Communities Acquisitions during the year ended December 31, 2014: |
December 2014 |  | WI |  | 1 |  | 52 |  | $ | 7,000 |  | $ | 188 |  | $ | 5,862 |  | $ | 101 |  | $ | 849 |  | $ | — |  | $ | — |
December 2014 |  | WI |  | 1 |  | 176 |  |  | 40,430 |  |  | 2,615 |  |  | 34,957 |  |  | 588 |  |  | 2,270 |  |  | — |  |  | — |
|  |  |  | 2 |  | 228 |  | $ | 47,430 |  | $ | 2,803 |  | $ | 40,819 |  | $ | 689 |  | $ | 3,119 |  | $ | — |  | $ | — |
Managed Senior Living Communities Acquisitions during the year ended December 31, 2013: |
August 2013 |  | GA |  | 1 |  | 93 |  | $ | 22,030 |  | $ | 1,548 |  | $ | 18,666 |  | $ | 803 |  | $ | 1,013 |  | $ | — |  | $ | — |
October 2013 |  | Various |  | 3 |  | 213 |  |  | 29,004 |  |  | 2,242 |  |  | 23,861 |  |  | 612 |  |  | 2,289 |  |  | — |  |  | — |
November 2013 |  | WI |  | 1 |  | 68 |  |  | 11,965 |  |  | 1,365 |  |  | 9,628 |  |  | 199 |  |  | 773 |  |  | — |  |  | — |
|  |  |  | 5 |  | 374 |  | $ | 62,999 |  | $ | 5,155 |  | $ | 52,155 |  | $ | 1,614 |  | $ | 4,075 |  | $ | — |  | $ | — |
| (1) |  | Cash paid plus assumed debt, if any, excludes closing costs. The allocation of the purchase price of our 2014 acquisitions shown above is based upon preliminary estimates of the fair value of assets acquired and liabilities assumed. The final amounts allocated to assets acquired and liabilities assumed could change significantly from those used in these consolidated financial statements.

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