REAL ESTATE HELD FOR SALE (Notes)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

REAL ESTATE HELD FOR SALE

During the year ended December 31, 2012, the Company determined that one skilled nursing/post-acute facility with an aggregate net book value of $2.2 million met the criteria of held for sale as a result of the Company consenting to the tenant to close the facility and secure a buyer for the facility. In connection with the Company granting its consent to the tenant's request to close the facility, the Company received $2.2 million as a consent fee. During the year ended December 31, 2012, the Company recorded an impairment loss of $2.5 million related to the asset held for sale. The impairment charge was a result of the Company’s determination that the asset is held for sale and the resulting adjustment of its net book value to estimate fair value less costs to sell. The asset held for sale was sold on February 1, 2013 for $2.2 million.

The following summary represents the major components of real estate held for sale and liabilities related to real estate held for sale as of December 31, 2012 and 2011 (in thousands):



	December 31,
	2012		2011
Assets related to real estate held for sale
Real estate investment, gross	$	2,208	$	6,585
Accumulated depreciation	—		(1,585		)
Other assets	7		243
Total assets	$	2,215	$	5,243
Liabilities related to real estate held for sale
Mortgage notes payable	$	—	$	4,456
Other liabilities	—		29
Total liabilities	$	—	$	4,485

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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