Dispositions, Assets Held for Sale and Discontinued Operations

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Dispositions, Assets Held for Sale and Discontinued Operations

Dispositions, Assets Held for Sale and Discontinued Operations

On June 28, 2013, Care completed the sale of its membership interests in Care YBE Subsidiary LLC (Care YBE), which owns fourteen senior living facilities (Bickford Portfolio) to an affiliate of National Health Investors Inc. The Company has reclassified the income and expenses attributable to all properties sold prior to March 31, 2014 to discontinued operations related to its real estate segment. Expenses include an allocation of interest expense based on property carrying values and cost of debt. The following illustrates the reclassification impact as a result of classifying properties as discontinued operations for the periods presented:

	Three Months Ended March 31, 2013
Revenues:
Rental revenue	$	3,018
Reimbursable income	328
Expenses:
Reimbursable expense	328
Interest expense	1,323
Other expenses	—
Depreciation and amortization	854
Income (loss) from discontinued operations, net	$	841

There was no reclassification impact from disposed operations for the three months ended March 31, 2014.