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Fair Value of Assets and Liabilities (Tables) | 6 Months Ended
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Jun. 30, 2015
Fair Value of Assets and Liabilities |
Assets and liabilities recurring and nonrecurring measured at fair value |
|  |  |  |  | Quoted Prices in |  | Significant |  | Significant |
|  |  |  |  | Active Markets for |  | Other |  | Unobservable |
|  |  |  |  | Identical Assets |  | Observable Inputs |  | Inputs |
Description |  | Total |  | (Level 1) |  | (Level 2) |  | (Level 3) |
Assets held for sale(1) |  | $ | 1,280 |  | $ | — |  | $ | — |  | $ | 1,280 |
Investments in available for sale securities(2) |  | $ | 20,328 |  | $ | 20,328 |  | $ | — |  | $ | — |
Additional purchase consideration(3) |  | $ | 1,000 |  | $ | — |  | $ | — |  | $ | 1,000 |
| (1) |  | Assets held for sale consist of three of our properties (three buildings) that we have sold subsequent to June 30, 2015 or expect to sell that are reported at fair value less estimated costs to sell. We used offers to purchase these properties made by third parties or comparable sales transactions (Level 3 inputs) to determine the fair values of these properties. We have recorded cumulative impairments of approximately $2,970 to these properties in order to reduce their book value to fair value.
| (2) |  | Our investments in available for sale securities include our 4,235,000 common shares of Five Star. The fair values of these shares are based upon quoted prices at June 30, 2015 in active markets (Level 1 inputs).
| (3) |  | In May 2015, we acquired one senior living community located in Georgia, for a contractual purchase price of approximately $9,750, excluding closing costs. Pursuant to the purchase agreement, $1,000 of the purchase price has been withheld until the seller satisfies various conditions. We anticipate these conditions will be satisfied and therefore have recorded the withheld $1,000 as a liability as of June 30, 2015. This liability is included in other liabilities in our condensed consolidated balance sheet s as described in Note 3. We estimate the fair value of this liability at June 30, 2015 to be $1,000 as agreed upon in the purchase agreement (Level 3 inputs).

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=36462937&loc=SL7498348-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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