Investments in Real Estate (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Real Estate Properties [Table Text Block]

The following table provides summary information regarding our properties.

Property ⁽¹⁾	Location	Date Purchased	Square Footage		Purchase Price		Debt		June. 30, 2014 % Leased

Sheridan Care Center	Sheridan, OR	August 3, 2012		13,912	$	4,100,000	$	2,760,000		100.0	%
Fern Hill Care Center	Portland, OR	August 3, 2012		13,344		4,500,000		2,957,000		100.0	%
Farmington Square	Medford, OR	September 14, 2012		32,557		8,500,000		5,718,000		100.0	%
Friendship Haven Healthcare and Rehabilitation Center ⁽²⁾	Galveston County, TX	September 14, 2012		56,968		15,000,000		10,548,000		100.0	%⁽⁵⁾
Pacific Health and Rehabilitation Center	Tigard, OR	December 24, 2012		25,082		8,140,000		6,062,000		100.0	%
Danby House	Winston-Salem, NC	January 31, 2013		26,703		9,700,000		7,275,000		100.0	%
Brookstone of Aledo⁽³⁾	Aledo, IL	July 2, 2013		49,420		8,625,000		5,850,000		100.0	%
The Shelby House	Shelby, NC	October 4, 2013		23,074		4,500,000		3,375,000		100.0	%
The Hamlet House	Hamlet, NC	October 4, 2013		34,638		6,500,000		4,830,000		100.0	%
The Carteret House	Newport, NC	October 4, 2013		29,570		4,300,000		3,195,000		100.0	%
Sundial Assisted Living⁽⁴⁾	Redding, CA	December 18, 2013		26,081		3,500,000		—		100.0	%
Total:				331,349	$	77,365,000	$	52,570,000		100.0	%

⁽¹⁾	The above table excludes Sherburne Commons Residences, LLC (“Sherburne Commons”), VIE for which we became the primary beneficiary and began consolidating its financial results as of June 30, 2011. As of October 19, 2011, Sherburne Commons was classified as held for sale (See Note 16).

⁽²⁾	We terminated the lease with the operator of this facility on March 16, 2014 and became the licensed operator of the facility on May 1, 2014 through a wholly- owned taxable REIT subsidiary (see Friendship Haven Taxable REIT Subsidiary).

⁽³⁾	Formerly known as Heritage Woods of Aledo.

⁽⁴⁾	Formerly known as Redding Assisted Living.

⁽⁵⁾

The Friendship Haven facility is currently being operated by a wholly-owned subsidiary of the Company.

Real Estate and Accumulated Depreciation by Property [Table Text Block]

As of June 30, 2014, adjusted cost and accumulated depreciation and amortization related to investments in real estate, including the CHP LLC acquisitions, and excluding assets of variable interest entity held for sale, were as follows:

Healthcare	Land		Buildings and Improvements		Furniture and Fixture		Total
Investments in real estate	$	6,502,000	$	65,046,000	$	6,393,000	$	77,941,000
Less: accumulated depreciation and amortization		—		(2,713,000)		(1,571,000)		(4,284,000)
Net investments in real estate	$	6,502,000	$	62,333,000	$	4,822,000	$	73,657,000