XML 30 R35.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Pro Forma Information (Details) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | 4 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | ---
Jul. 31, 2015 property | May. 31, 2015 USD ($) property community | Feb. 28, 2015 USD ($) property shares | Jan. 31, 2015 USD ($) property building | May. 31, 2014 USD ($) | Apr. 30, 2014 USD ($) shares | Jun. 30, 2015 USD ($) | Jun. 30, 2014 USD ($) | Sep. 30, 2014 | Jun. 30, 2015 USD ($) property community $ / shares | Jun. 30, 2014 USD ($) $ / shares | Dec. 31, 2014 USD ($) property building
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Number of properties to be sold | property |  |  | 1 |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  |  | 1.58% |  |  | 1.58% |  |
Mortgage debt assumed |  |  |  |  |  |  |  |  |  | $ 169,136 | $ 15,630 |
Residents fees and services |  |  |  |  |  |  | $ 91,856 | $ 79,039 |  | 174,649 | 158,481 |
Common shares issued in public offering | shares |  |  | 31,050,000 |  |  | 15,525,000 |  |  |  |  |  |
Net proceeds from issuance of common shares issued in public offering |  |  | $ 659,502 |  |  | $ 322,807 |  |  |  | 659,502 | 322,864 |
Net proceeds after underwriting discounts from sale of senior unsecured notes |  |  |  |  |  |  |  |  |  | 644,889 |  |
Pro Forma |  |  |  |  |  |  |  |  |  |  |  |
Pro forma results of operations |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  |  |  |  |  |  |  |  |  | 508,448 | 505,044 |
Net income |  |  |  |  |  |  |  |  |  | $ 77,822 | $ 66,987 |
Net income per share (in dollars per share) | $ / shares |  |  |  |  |  |  |  |  |  | $ 0.33 | $ 0.29 |
Senior living communities |  |  |  |  |  |  |  |  |  |  |  |
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Number of communities | community |  |  |  |  |  |  |  |  |  | 19 |  |
Number of properties to be sold | property | 1 |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  |  |  |  |  |  |  |  | $ 6,156 |  |
Residents fees and services |  |  |  |  |  |  |  |  |  | 8,828 |  |
Triple Net Leased Net Senior Living Communities |  |  |  |  |  |  |  |  |  |  |  |
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Number of communities | community |  | 18 |  |  |  |  |  |  |  |  |  |
Total rental income recognized |  |  |  |  |  |  |  |  |  | $ 5,644 |  |
Acquisition |  |  |  |  |  |  |  |  |  |  |  |
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Number of properties acquired or agreed to be acquired | property |  |  |  |  |  |  |  |  |  | 23 |  |
Aggregate purchase price properties, excluding closing costs |  |  |  | $ 539,000 |  |  |  |  |  |  |  |
Mortgage debt assumed |  |  |  | $ 29,955 |  |  |  |  |  |  |  |
Weighted average interest rate on debt (as a percent) |  |  |  | 4.73% |  |  |  |  |  |  |  |
Property operating expenses |  |  |  |  |  |  |  |  |  | $ 2,591 |  |
Total rental income recognized |  |  |  |  |  |  |  |  |  | $ 17,208 |  |
Acquisition | Senior living communities |  |  |  |  |  |  |  |  |  |  |  |
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Number of properties acquired or agreed to be acquired |  | 37 |  |  |  |  |  |  |  |  |  | 2
Aggregate purchase price properties, excluding closing costs |  | $ 762,611 |  |  |  |  |  |  |  |  |  |
Mortgage debt assumed |  | $ 139,181 |  |  |  |  |  |  |  |  |  |
Weighted average interest rate on debt (as a percent) |  | 4.43% |  |  |  |  |  |  |  |  |  |
Acquisition | MOBs |  |  |  |  |  |  |  |  |  |  |  |
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Number of properties acquired or agreed to be acquired | property |  |  |  | 23 |  |  |  |  |  | 23 |  | 2
Number of buildings acquired | building |  |  |  | 23 |  |  |  |  |  |  |  | 3
Aggregate purchase price properties, excluding closing costs |  |  |  |  |  |  |  |  |  |  |  | $ 1,204,393
Mortgage debt assumed |  |  |  | $ (29,955) |  |  |  |  |  | $ (29,955) |  | $ 15,630
Weighted average interest rate on debt (as a percent) |  |  |  |  |  |  |  |  |  |  |  | 6.28%
Acquisition | Triple Net Leased Net Senior Living Communities |  |  |  |  |  |  |  |  |  |  |  |
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Number of properties acquired or agreed to be acquired | property |  | 18 |  |  |  |  |  |  |  |  |  |
Mortgage debt assumed |  | $ (44,395) |  |  |  |  |  |  |  |  |  |
Senior unsecured notes 3.25% |  |  |  |  |  |  |  |  |  |  |  |
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  | 3.25% |  |  |  |  |  |
Principal amount of debt |  |  |  |  |  | $ 400,000 |  |  |  |  |  |
Senior unsecured notes 4.75% |  |  |  |  |  |  |  |  |  |  |  |
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as a percent) |  |  |  |  |  | 4.75% |  |  |  |  |  |
Principal amount of debt |  |  |  |  |  | $ 250,000 |  |  |  |  |  |
Unsecured Debt |  |  |  |  |  |  |  |  |  |  |  |
Pro Forma Information |  |  |  |  |  |  |  |  |  |  |  |
Principal amount of debt |  |  |  |  | $ 350,000 |  | $ 350,000 |  |  | $ 350,000 |  | $ 350,000
Interest rate, description |  |  |  |  | LIBOR |  |  |  | LIBOR |  |  |
Interest rate added to the base rate (as a percent) |  |  |  |  | 1.40% |  |  |  |  |  |  | 1.40%

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