XML 80 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
SCHEDULE III
 12 Months Ended
Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III
SCHEDULE III
REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION
December 31, 2014
(dollars in thousands)
 
 
 
 
 
 
Initial Cost to Company
 
Cost Capitalized Subsequent to Acquisition
 
Gross Amount at which Carried at Close of Period
 
 
 
 
Life on Which Depreciation in Latest Income Statement is Computed
Description 
 Location 
Ownership Percentage
Encum- brances
 
Land 
Building and Improve- ments(1) 
Total 
 
 
Land 
Building and Improve- ments(1)(3) 
Total 
 
Accumulated Depreciation and Amortization
Original Date of Construction/ Renovation 
Date Acquired
Skilled Nursing/Transitional Care Facilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
New Martinsville
New Martinsville, WV
100%
— 

 
$
475

$
10,543

$
11,018

 
—

 
$
475

$
10,423

$
10,898

 
$
(3,557
)
1982
11/15/10
39
Glenville
Glenville, WV
100%
— 

 
484

2,839

3,323

 
—

 
484

2,773

3,257

 
(624
)
1982
11/15/10
40
Renaissance Terrace
Harriman, TN
100%
— 

 
76

4,459

4,535

 
—

 
76

4,047

4,123

 
(1,669
)
1985/1989,
2008
11/15/10
38
Greenwood
Warwick, RI
100%
— 

 
2,066

10,178

12,244

 
—

 
2,066

9,840

11,906

 
(3,347
)
1964/2009
11/15/10
24
Pawtuxet Village
Warwick, RI
100%
— 

 
1,275

6,602

7,877

 
—

 
1,275

6,166

7,441

 
(2,154
)
1968
11/15/10
24
Forest Hills (SNF)
Broken Arrow, OK
100%
 (2)  

 
1,653

11,259

12,912

 
—

 
1,653

11,010

12,663

 
(3,290
)
1994/2008, 2009, 2010
11/15/10
40
Seminole Estates
Seminole, OK
100%
— 

 
655

3,527

4,182

 
—

 
655

3,278

3,933

 
(676
)
1987
11/15/10
32
Bryan Care
Bryan, OH
100%
— 

 
1,278

6,477

7,755

 
—

 
1,278

6,112

7,390

 
(1,689
)
1976
11/15/10
30
Sylvania
Sylvania, OH
100%
— 

 
942

5,627

6,569

 
—

 
942

5,226

6,168

 
(1,856
)
1967/1974, 1986, 1995, 2008, 2009
11/15/10
24
Point Place
Toledo, OH
100%
— 

 
1,089

5,364

6,453

 
—

 
1,089

5,127

6,216

 
(1,170
)
1995/2011
11/15/10
36
Perrysburg
Perrysburg, OH
100%
— 

 
987

5,358

6,345

 
—

 
987

5,007

5,994

 
(1,360
)
1984
11/15/10
32
Forest View
Dayton, OH
100%
— 

 
819

4,214

5,033

 
—

 
819

3,956

4,775

 
(1,336
)
1968
11/15/10
24
New Lebanon
New Lebanon, OH
100%
— 

 
784

4,243

5,027

 
—

 
784

3,825

4,609

 
(1,145
)
1979
11/15/10
28
New Lexington
New Lexington, OH
100%
— 

 
63

3,487

3,550

 
—

 
63

3,287

3,350

 
(1,922
)
1981
11/15/10
20
Twin Rivers
Defiance, OH
100%
— 

 
280

3,004

3,284

 
—

 
280

2,780

3,060

 
(803
)
1980
11/15/10
30
San Juan
Farmington, NM
100%
10,077

 
799

4,163

4,962

 
3

 
799

3,999

4,798

 
(1,278
)
1963/1993
11/15/10
24
McKinley Care
Gallup, NM
100%
5,777

 
409

1,865

2,274

 
4

 
409

1,796

2,205

 
(547
)
1968
11/15/10
24
Bedford Hills
Bedford, NH
100%
6,650

 
1,911

12,245

14,156

 
—

 
1,911

11,513

13,424

 
(2,947
)
1992/2010
11/15/10
36
Exeter on Hampton
Exeter, NH
100%
— 

 
2,365

2,350

4,715

 
—

 
2,365

2,136

4,501

 
(1,443
)
1976/2011
11/15/10
40
Pheasant Wood
Petersborough, NH
100%
— 

 
625

3,986

4,611

 
—

 
625

3,511

4,136

 
(1,163
)
1975
11/15/10
28
Westwood
Keene, NH
100%
— 

 
699

3,823

4,522

 
—

 
699

3,404

4,103

 
(1,305
)
1965/2010
11/15/10
24
Colonial Hill
Rochester, NH
100%
— 

 
412

3,960

4,372

 
—

 
412

3,709

4,121

 
(1,291
)
1986/2010
11/15/10
44
Crestwood Care
Milford, NH
100%
— 

 
557

3,441

3,998

 
—

 
557

3,081

3,638

 
(1,074
)
1972
11/15/10
28
Applewood
Winchester, NH
100%
— 

 
348

3,075

3,423

 
—

 
348

2,703

3,051

 
(780
)
1987
11/15/10
32
The Elms Care
Milford, NH
100%
— 

 
312

1,679

1,991

 
—

 
312

1,525

1,837

 
(675
)
1890/2005
11/15/10
20
Woodland Hill
Asheboro, NC
100%
— 

 
1,706

8,053

9,759

 
—

 
1,706

7,833

9,539

 
(2,008
)
1987/2009
11/15/10
32
Missouri River
Great Falls, MT
100%
11,484

 
2,023

16,967

18,990

 
—

 
2,023

16,748

18,771

 
(5,572
)
1960/1990, 2010
11/15/10
30
Butte Care
Butte, MT
100%
— 

 
1,092

12,654

13,746

 
—

 
1,092

12,521

13,613

 
(3,515
)
1974/2012
11/15/10
35
Whitefish Care
Whitefish, MT
100%
— 

 
651

6,339

6,990

 
—

 
651

6,237

6,888

 
(1,831
)
1973/2012
11/15/10
35
Deer Lodge
Deer Lodge, MT
100%
4,378

 
190

3,032

3,222

 
2

 
190

2,984

3,174

 
(1,056
)
1973
11/15/10
30
 
 
 
 
 
Initial Cost to Company
 
Cost Capitalized Subsequent to Acquisition
 
Gross Amount at which Carried at Close of Period
 
 
 
 
Life on Which Depreciation in Latest Income Statement is Computed
Description 
 Location 
Ownership Percentage
Encum- brances
 
Land 
Building and Improve- ments(1) 
Total 
 
 
Land 
Building and Improve- ments(1)(3) 
Total 
 
Accumulated Depreciation and Amortization
Original Date of Construction/ Renovation 
Date Acquired
Twin Oaks
Danvers, MA
100%
—

 
885

5,100

5,985

 
—

 
885

4,447

5,332

 
(1,429
)
1969
11/15/10
24
Maplewood
Amesbury, MA
100%
—

 
771

4,550

5,321

 
—

 
771

3,737

4,508

 
(1,179
)
1968/2010
11/15/10
24
Saugus
Saugus, MA
100%
—

 
285

1,643

1,928

 
—

 
285

1,044

1,329

 
(385
)
1967
11/15/10
24
Kensington Manor
Elizabethtown, KY
100%
—

 
1,864

7,523

9,387

 
—

 
1,864

7,103

8,967

 
(1,794
)
2001/2010
11/15/10
37
Regency Care
Louisville, KY
100%
—

 
1,169

5,989

7,158

 
1,577

 
1,169

7,090

8,259

 
(1,889
)
1960/2014
11/15/10
25
Paducah Care
Paducah, KY
100%
—

 
1,636

4,133

5,769

 
—

 
1,636

3,808

5,444

 
(1,199
)
1974/2008
11/15/10
28
Countryside Care
Bardwell, KY
100%
—

 
239

4,790

5,029

 
—

 
239

4,471

4,710

 
(1,073
)
1993/2010
11/15/10
35
Bradford Square
South Frankfort, KY
100%
—

 
774

3,848

4,622

 
—

 
774

3,471

4,245

 
(1,143
)
1960/1990
11/15/10
25
Hillside Villa
Madisonville, KY
100%
—

 
277

4,272

4,549

 
—

 
277

3,822

4,099

 
(1,291
)
1962/1978, 1997
11/15/10
25
Klondike Care
Louisville, KY
100%
—

 
764

3,576

4,340

 
—

 
764

3,250

4,014

 
(979
)
1974/1980, 1994, 1995, 2008
11/15/10
28
Colonial Manor
Bowling Green, KY
100%
—

 
792

3,050

3,842

 
—

 
792

2,767

3,559

 
(894
)
1963
11/15/10
25
Hopkins Care
Woodburn, KY
100%
—

 
592

2,277

2,869

 
—

 
592

2,024

2,616

 
(661
)
1960
11/15/10
25
Bridge Point
Florence, KY
100%
—

 
—

2,278

2,278

 
—

 
—

1,752

1,752

 
(854
)
1969/2008, 2009, 2010
11/15/10
20
Magnolia Village
Bowling Green, KY
100%
—

 
14

629

643

 
—

 
14

340

354

 
(205
)
1991
11/15/10
29
Decatur Township
Indianapolis, IN
100%
—

 
673

3,730

4,403

 
—

 
673

3,488

4,161

 
(974
)
1985
11/15/10
32
Gooding/Bennett Hills
Gooding, ID
100%
—

 
—

1,731

1,731

 
—

 
—

1,729

1,729

 
(794
)
1968/2009
11/15/10
40
Fountain City
Columbus, GA
100%
—

 
253

2,797

3,050

 
—

 
253

2,393

2,646

 
(1,452
)
1970/2012
11/15/10
40
Etowah Landing
Rome, GA
100%
—

 
43

842

885

 
—

 
43

709

752

 
(416
)
1973/1977, 1987
11/15/10
40
Oakhurst
Ocala, FL
100%
—

 
1,474

8,212

9,686

 
—

 
1,474

7,595

9,069

 
(2,083
)
1984/2010
11/15/10
32
Orchard Ridge
New Port Richey, FL
100%
—

 
536

5,685

6,221

 
—

 
536

5,295

5,831

 
(1,445
)
1983/1995, 2012
11/15/10
32
Bay Tree
Palm Harbor, FL
100%
—

 
786

4,870

5,656

 
—

 
786

4,363

5,149

 
(1,326
)
1981
11/15/10
32
West Bay
Oldsmar, FL
100%
—

 
775

4,660

5,435

 
—

 
775

4,147

4,922

 
(1,189
)
1982/2010
11/15/10
32
Sunset Point
Clearwater, FL
100%
—

 
706

4,370

5,076

 
—

 
706

3,965

4,671

 
(1,221
)
1983
11/15/10
32
Arden House
Hamden, CT
100%
20,032

 
2,250

23,816

26,066

 
—

 
2,250

22,868

25,118

 
(6,297
)
1973/2008, 2010
11/15/10
28
Pope John Paul
Danbury, CT
100%
—

 
—

13,702

13,702

 
—

 
—

12,684

12,684

 
(3,206
)
1983/2009
11/15/10
32
St. Camillus
Stamford, CT
100%
—

 
—

12,528

12,528

 
—

 
—

11,581

11,581

 
(3,105
)
1987/2008
11/15/10
32
Madison House
Madison, CT
100%
—

 
4,337

8,164

12,501

 
—

 
4,337

7,824

12,161

 
(1,888
)
1994/2009, 2010
11/15/10
36
Willows (CT)
Woodbridge, CT
100%
—

 
1,838

9,961

11,799

 
—

 
1,838

9,302

11,140

 
(2,552
)
1989/2011
11/15/10
32
The Reservoir
West Hartford, CT
100%
—

 
1,204

9,457

10,661

 
—

 
1,204

9,176

10,380

 
(2,261
)
1995/2009, 2011
11/15/10
36
Glen Hill
Danbury, CT
100%
—

 
918

7,017

7,935

 
—

 
918

6,560

7,478

 
(2,315
)
1963/2009
11/15/10
24
 
 
 
 
 
Initial Cost to Company
 
Cost Capitalized Subsequent to Acquisition
 
Gross Amount at which Carried at Close of Period
 
 
 
 
Life on Which Depreciation in Latest Income Statement is Computed
Description 
 Location 
Ownership Percentage
Encum- brances
 
Land 
Building and Improve- ments(1) 
Total 
 
 
Land 
Building and Improve- ments(1)(3) 
Total 
 
Accumulated Depreciation and Amortization
Original Date of Construction/ Renovation 
Date Acquired
Governor's House
Simsbury, CT
100%
—

 
—

5,750

5,750

 
—

 
—

5,239

5,239

 
(2,054
)
1895/2008, 2010
11/15/10
20
Elms Haven
Thornton, CO
100%
15,303

 
3,717

18,473

22,190

 
7

 
3,717

18,043

21,760

 
(4,867
)
1987/1989, 1997, 2007, 2008
11/15/10
40
Sable
Aurora, CO
100%
—

 
1,272

5,591

6,863

 
—

 
1,272

5,458

6,730

 
(1,647
)
1973
11/15/10
35
Carmichael
Carmichael, CA
100%
—

 
—

1,741

1,741

 
—

 
—

1,458

1,458

 
(791
)
1960/1976, 2010
11/15/10
40
Willows (CA)
Willows, CA
100%
—

 
137

1,426

1,563

 
—

 
137

1,292

1,429

 
(613
)
1969/2010
11/15/10
40
Washington Care
San Leandro, CA
100%
9,872

 
—

1,331

1,331

 
7

 
—

1,221

1,221

 
(477
)
1969/2010
11/15/10
40
Lake Drive
Henryetta, OK
100%
—

 
160

549

709

 
—

 
160

454

614

 
(379
)
1968
11/15/10
10
Boise
Boise, ID
100%
—

 
—

289

289

 
—

 
—

205

205

 
(122
)
1991
11/15/10
40
Langdon Place of Dover
Dover, NH
100%
4,646

 
801

10,036

10,837

 
—

 
801

9,497

10,298

 
(2,670
)
1987/2009
11/15/10
42
Clipper Harbor
Portsmouth, NH
100%
—

 
846

7,632

8,478

 
—

 
846

7,284

8,130

 
(2,623
)
1986/2009
11/15/10
43
Mineral Springs
North Conway, NH
100%
—

 
417

5,352

5,769

 
—

 
417

5,106

5,523

 
(1,571
)
1988/2009
11/15/10
43
Wolfeboro
Wolfeboro, NH
100%
—

 
454

4,531

4,985

 
—

 
454

4,317

4,771

 
(1,230
)
1984/1986, 1987, 2009
11/15/10
41
Langdon Place of Keene
Keene, NH
100%
5,119

 
304

3,992

4,296

 
—

 
304

3,735

4,039

 
(1,313
)
1995
11/15/10
46
Edmondson Care
Brownsville, KY
100%
—

 
446

5,087

5,533

 
—

 
446

4,564

5,010

 
(1,165
)
1994/2009
11/15/10
35
Heartland Villa
Lewisport, KY
100%
—

 
532

4,025

4,557

 
—

 
532

3,676

4,208

 
(909
)
1994/2009
11/15/10
35
Meridian Care
Meridian, ID
100%
—

 
840

8,342

9,182

 
—

 
840

8,128

8,968

 
(2,926
)
1997/2009
11/15/10
39
St. Joseph's
Trumbull, CT
100%
—

 
—

21,878

21,878

 
—

 
—

20,806

20,806

 
(6,824
)
1959
11/15/10
24
Oak Brook Health Care
Whitehouse, TX
100%
—

 
1,433

9,643

11,076

 
—

 
1,433

9,644

11,077

 
(1,115
)
1987
06/30/11
40
Broadmeadow Healthcare
Middletown, DE
100%
—

 
1,650

21,730

23,380

 
—

 
1,650

21,730

23,380

 
(2,126
)
2005
08/01/11
40
Capitol Healthcare
Dover, DE
100%
—

 
4,940

15,500

20,440

 
—

 
4,940

15,500

20,440

 
(1,586
)
1996
08/01/11
40
Pike Creek Healthcare
Wilmington, DE
100%
—

 
2,460

25,240

27,700

 
—

 
2,460

25,240

27,700

 
(2,496
)
2009
08/01/11
40
Renaissance Healthcare
Millsboro, DE
100%
—

 
1,640

22,620

24,260

 
—

 
1,640

22,620

24,260

 
(2,281
)
2008
08/01/11
40
Manokin Manor Nursing & Rehabilitation Center
Princess Anne, MD
100%
—

 
1,953

7,811

9,764

 
—

 
1,953

7,811

9,764

 
(906
)
1985/1987, 2013
09/30/11
40
Wesley Woods Alzheimer's Care Center
Abilene, TX
100%
—

 
885

7,619

8,504

 
—

 
885

7,619

8,504

 
(760
)
2004
11/01/11
40
Windcrest Alzheimer's Care Center
Waco, TX
100%
—

 
802

4,577

5,379

 
—

 
802

4,577

5,379

 
(480
)
1994/1999
11/01/11
40
Clara Burke
Plymouth Meeting, PA
100%
—

 
2,527

12,453

14,980

 
—

 
2,527

12,453

14,980

 
(1,073
)
1927/1990, 2007
03/30/12
40
Warrington
Warrington, PA
100%
—

 
2,617

11,662

14,279

 
—

 
2,617

11,662

14,279

 
(920
)
1958/2009
03/30/12
40
Ridgecrest
Duffield, VA
100%
—

 
509

5,018

5,527

 
579

 
509

5,597

6,106

 
(493
)
1981
05/10/12
40
 
 
 
 
 
Initial Cost to Company
 
Cost Capitalized Subsequent to Acquisition
 
Gross Amount at which Carried at Close of Period
 
 
 
 
Life on Which Depreciation in Latest Income Statement is Computed
Description 
 Location 
Ownership Percentage
Encum- brances
 
Land 
Building and Improve- ments(1) 
Total 
 
 
Land 
Building and Improve- ments(1)(3)
Total 
 
Accumulated Depreciation and Amortization
Original Date of Construction/ Renovation 
Date Acquired
Derry
Derry, NH
100%
—

 
768

3,222

3,990

 
—

 
768

3,222

3,990

 
(272
)
1976/1994, 2000
06/01/12
40
Camden Care Center
Minneapolis, MN
100%
—

 
1,235

5,777

7,012

 
—

 
1,235

5,777

7,012

 
(363
)
1990
11/30/12
40
Arbrook Plaza
Arlington, TX
100%
—

 
3,783

14,219

18,002

 
—

 
3,783

14,219

18,002

 
(851
)
2002/2012
11/30/12
40
Northgate Plaza
Irving, TX
100%
—

 
4,901

10,299

15,200

 
—

 
4,901

10,299

15,200

 
(635
)
2003/2012
11/30/12
40
Gulf Pointe Plaza
Rockport, TX
100%
—

 
1,005

6,628

7,633

 
—

 
1,005

6,628

7,633

 
(430
)
2002/2012
11/30/12
40
Gateway Senior Living
Lincoln, NE
100%
—

 
6,368

29,919

36,287

 
—

 
6,368

29,919

36,287

 
(772
)
1962/1996/2013
02/14/14
40
Legacy
Fremont, NE
100%
—

 
615

16,176

16,791

 
—

 
615

16,176

16,791

 
(458
)
2008
02/14/14
40
Pointe
Fremont, NE
100%
—

 
615

2,943

3,558

 
—

 
615

2,943

3,558

 
(99
)
1970/1979/1983/1994
02/14/14
40
Regency
South Sioux City, NE
100%
—

 
246

6,206

6,452

 
—

 
246

6,206

6,452

 
(214
)
1954/1968/1975/2000/2004
02/14/14
40
Laurel Pointe Health
Fort Pierce, FL
100%
—

 
645

9,218

9,863

 
—

 
645

9,218

9,863

 
(260
)
1980
03/05/14
40
Parkmoor Village
Colorado Springs, CO
100%
—

 
430

13,703

14,133

 
—

 
430

13,703

14,133

 
(377
)
1985
03/05/14
40
Onion Creek
Austin, TX
100%
—

 
871

12,843

13,714

 
—

 
871

12,843

13,714

 
(71
)
2011
10/21/14
40
Adams PARC
Barlesville, OK
100%
—

 
1,332

6,904

8,236

 
—

 
1,332

6,904

8,236

 
(36
)
1989
10/29/14
40
PARCway
Oklahoma City, OK
100%
—

 
2,189

23,567

25,756

 
—

 
2,189

23,567

25,756

 
(110
)
1963/1984
10/29/14
40
Brookhaven Extensive Care
Norman, OK
100%
—

 
869

5,236

6,105

 
—

 
869

5,236

6,105

 
(31
)
2001/2013
10/29/14
40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
93,338

 
110,094

766,771

876,865

 
2,179

 
110,094

741,158

851,252


(151,978
)
 
 
 
Senior Housing
 
 
 
 
 

 

 

 
 
 
 

 

 

 
 

 
 
 
Monroe House
Moses Lake, WA
100%
—

 
—

182

182

 
—

 
—

57

57

 
(36
)
1997
11/15/10
15
Forest Hills (ALF)
Broken Arrow, OK
100%
 (2)  

 
1,803

3,927

5,730

 
—

 
1,803

3,838

5,641

 
(1,372
)
2000
11/15/10
30
Langdon Place of Exeter
Exeter, NH
100%
3,741

 
571

7,183

7,754

 
—

 
571

6,703

7,274

 
(2,039
)
1987
11/15/10
43
Langdon Place of Nashua
Nashua, NH
100%
—

 
—

5,654

5,654

 
—

 
—

5,219

5,219

 
(1,393
)
1989
11/15/10
40
Heritage Place
Owensboro, KY
100%
—

 
668

5,492

6,160

 
—

 
668

5,167

5,835

 
(1,128
)
2001
11/15/10
38
The Legacy
Paducah, KY
100%
—

 
325

4,019

4,344

 
—

 
325

3,462

3,787

 
(848
)
1999
11/15/10
35
Glen Crest
Danbury, CT
100%
—

 
1,356

6,666

8,022

 
—

 
1,356

6,594

7,950

 
(1,755
)
1986
11/15/10
32
Village at Northrise
Las Cruces, NM
100%
—

 
1,432

6,003

7,435

 
—

 
1,432

5,637

7,069

 
(2,409
)
1998/1999, 2010
11/15/10
29
Age-Well Senior Living
Green Bay, WI
100%
—

 
256

2,262

2,518

 
1,031

 
256

3,294

3,550

 
(565
)
2004/2011
11/22/11
40
New Dawn Memory Care
Aurora, CO
100%
—

 
2,874

12,829

15,703

 
—

 
2,874

12,829

15,703

 
(782
)
2009
09/20/12
40
Independence Village at Frankenmuth
Frankenmuth, MI
100%
—

 
5,027

20,929

25,956

 
—

 
5,027

20,929

25,956

 
(1,379
)
1982
09/21/12
40
Gulf Pointe Village
Rockport, TX
100%
—

 
789

607

1,396

 
—

 
789

607

1,396

 
(62
)
1996
11/30/12
40
 
 
 
 
 
Initial Cost to Company
 
Cost Capitalized Subsequent to Acquisition
 
Gross Amount at which Carried at Close of Period
 
 
 
 
Life on Which Depreciation in Latest Income Statement is Computed
Description 
 Location 
Ownership Percentage
Encum- brances
 
Land 
Building and Improve- ments(1) 
Total 
 
 
Land 
Building and Improve- ments(1)(3) 
Total 
 
Accumulated Depreciation and Amortization
Original Date of Construction/ Renovation 
Date Acquired
 Aspen Ridge Retirement Village
Gaylord, MI
100%
—

 
2,024

5,467

7,491

 
—

 
2,024

5,467

7,491

 
(404
)
2002
12/14/12
40
 Green Acres of Cadillac
Cadillac, MI
100%
—

 
217

3,000

3,217

 
—

 
217

3,000

3,217

 
(188
)
2001/2006
12/14/12
40
 Green Acres of Greenville
Greenville, MI
100%
—

 
684

5,832

6,516

 
—

 
684

5,832

6,516

 
(363
)
1999/2001, 2012, 2013
12/14/12
40
 Green Acres of Manistee
Manistee, MI
100%
—

 
952

2,578

3,530

 
—

 
952

2,578

3,530

 
(177
)
2002
12/14/12
40
 Green Acres of Mason
Mason, MI
100%
—

 
198

4,131

4,329

 
—

 
198

4,131

4,329

 
(269
)
2009/2012
12/14/12
40
 Nottingham Place
Midland, MI
100%
—

 
744

1,745

2,489

 
—

 
744

1,745

2,489

 
(108
)
1995
12/14/12
40
 Royal View
Mecosta, MI
100%
—

 
307

2,477

2,784

 
—

 
307

2,477

2,784

 
(177
)
2001
12/14/12
40
 Tawas Village
East Tawas, MI
100%
—

 
258

3,713

3,971

 
45

 
258

3,758

4,016

 
(311
)
2005
12/14/12
40
 Turning Brook
Alpena, MI
100%
—

 
546

13,139

13,685

 
—

 
546

13,139

13,685

 
(736
)
2006/2008, 2010
12/14/12
40
 Stoney River Marshfield
Marshfield, WI
100%
—

 
574

8,733

9,307

 
—

 
574

8,733

9,307

 
(502
)
2010
12/18/12
40
Greenfield of Woodstock
Woodstock, VA
100%
—

 
597

5,465

6,062

 
—

 
597

5,465

6,062

 
(239
)
1996
06/28/13
40
Square
Fremont, NE
100%
—

 
504

17,670

18,174

 
—

 
504

17,670

18,174

 
(464
)
1989/2002
02/14/14
40
The Meadows
Norfolk, NE
100%
—

 
217

9,906

10,123

 
—

 
217

9,906

10,123

 
(271
)
 1989/1991, 1994
02/14/14
40
Park Place
Fort Wayne, IN
100%
14,011

 
2,300

21,115

23,415

 
—

 
2,300

21,115

23,415

 
(425
)
2011
04/30/14
40
Parkview In Allen
Allen, TX
100%
—

 
2,190

45,767

47,957

 
—

 
2,190

45,767

47,957

 
(324
)
2004
09/25/14
40
The Atrium At Gainesville
Gainesville, FL
100%
—

 
2,139

44,789

46,928

 
—

 
2,139

44,789

46,928

 
(333
)
1986
09/25/14
40
The Chateau
Mckinney, TX
100%
—

 
2,760

44,397

47,157

 
—

 
2,760

44,397

47,157

 
(318
)
2006
09/25/14
40
Gardens At Wakefield Plantation
Raleigh, NC
100%
—

 
2,344

37,506

39,850

 
—

 
2,344

37,506

39,850

 
(261
)
2002
09/25/14
40
Las Brisas
San Luis Obispo, CA
100%
—

 
4,992

30,909

35,901

 
—

 
4,992

30,909

35,901

 
(223
)
1987
09/25/14
40
Creekside Terrace
Winston-Salem, NC
100%
—

 
2,995

24,428

27,423

 
—

 
2,995

24,428

27,423

 
(180
)
2001
09/25/14
40
Colonial Village
Longview, TX
100%
—

 
805

26,498

27,303

 
—

 
805

26,498

27,303

 
(192
)
1985
09/25/14
40
Garden Village
Kansas City, MO
100%
—

 
1,325

20,510

21,835

 
—

 
1,325

20,510

21,835

 
(157
)
1983
09/25/14
40
Desert Rose
Yuma, AZ
100%
—

 
530

21,775

22,305

 
—

 
530

21,775

22,305

 
(160
)
1996
09/25/14
40
Windland South
Nashville, TN
100%
—

 
1,996

19,368

21,364

 
—

 
1,996

19,368

21,364

 
(152
)
1986
09/25/14
40
Cedar Woods
Branford, CT
100%
—

 
2,403

18,821

21,224

 
—

 
2,403

18,821

21,224

 
(138
)
1987
09/25/14
40
Virginian
Richmond, VA
100%
—

 
1,080

19,545

20,625

 
—

 
1,080

19,545

20,625

 
(145
)
1989
09/25/14
40
Monarch Estates
Auburn, AL
100%
—

 
3,209

17,326

20,535

 
—

 
3,209

17,326

20,535

 
(132
)
2001
09/25/14
40
Village At The Falls
Menomonee Falls, WI
100%
—

 
1,477

18,778

20,255

 
—

 
1,477

18,778

20,255

 
(143
)
 2005/2006, 2007
09/25/14
40
Holiday At The Atrium
Glenville, NY
100%
—

 
978

18,257

19,235

 
—

 
978

18,257

19,235

 
(136
)
2001
09/25/14
40
Lake Ridge Village
Eustis, FL
100%
—

 
1,152

17,523

18,675

 
—

 
1,152

17,523

18,675

 
(133
)
 1984/1988
09/25/14
40
Heritage Village
Mcallen, TX
100%
—

 
4,092

13,823

17,915

 
—

 
4,092

13,823

17,915

 
(109
)
1988
09/25/14
40
Madison Meadows
Phoenix, AZ
100%
—

 
2,567

12,029

14,596

 
—

 
2,567

12,029

14,596

 
(97
)
1986
09/25/14
40
 
 
 
 
 
Initial Cost to Company
 
Cost Capitalized Subsequent to Acquisition
 
Gross Amount at which Carried at Close of Period
 
 
 
 
Life on Which Depreciation in Latest Income Statement is Computed
Description 
 Location 
Ownership Percentage
Encum- brances
 
Land 
Building and Improve- ments(1) 
Total 
 
 
Land 
Building and Improve- ments(1)(3) 
Total 
 
Accumulated Depreciation and Amortization
Original Date of Construction/ Renovation 
Date Acquired
South Wind Heights
Jonesboro, AR
100%
—

 
1,782

11,244

13,026

 
—

 
1,782

11,244

13,026

 
(89
)
1999
09/25/14
40
Harrison Regent
Ogden, UT
100%
—

 
794

10,873

11,667

 
—

 
794

10,873

11,667

 
(83
)
1985
09/25/14
40
Avalon MC - Boat Club
Fort Worth, TX
100%
—

 
359

8,126

8,485

 
—

 
359

8,126

8,485

 
(58
)
1996
09/29/14
40
Avalon MC - 7200
Arlington, TX
100%
—

 
123

4,914

5,037

 
—

 
123

4,914

5,037

 
(35
)
1988
09/29/14
40
Avalon MC - 7204
Arlington, TX
100%
—

 
215

4,821

5,036

 
—

 
215

4,821

5,036

 
(35
)
1988
09/29/14
40
Avalon MC - 7140
Arlington, TX
100%
—

 
143

6,653

6,796

 
—

 
143

6,653

6,796

 
(47
)
2011
09/29/14
40
Delaney Creek Lodge
Brandon, FL
100%
—

 
1,283

8,424

9,707

 
—

 
1,283

8,424

9,707

 
(65
)
1999
10/01/14
40
Nature Coast Lodge
Lecanto, FL
100%
—

 
1,031

5,577

6,608

 
—

 
1,031

5,577

6,608

 
(49
)
1997
10/01/14
40
West Winds
Zephyrhills, FL
100%
—

 
2,477

23,766

26,243

 
—

 
2,477

23,766

26,243

 
(77
)
2008
10/01/14
40
Capital Place
Olympia, WA
100%
—

 
1,688

9,098

10,786

 
—

 
1,688

9,098

10,786

 
(174
)
1986
10/07/14
40
Tudor Heights
Baltimore, MD
100%
—

 
561

4,865

5,426

 
—

 
561

4,865

5,426

 
(40
)
 1920/1997
10/14/14
40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
17,752

 
74,713

731,134

805,847

 
1,076

 
74,713

729,762

804,475

 
(22,487
)
 
 
 
Acute Care Hospital
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Texas Regional Medical Center
Sunnyvale, TX
100%
—

 
4,020

57,620

61,640

 
—

 
4,020

57,620

61,640

 
(6,694
)
2009
05/03/11
40
Forest Park - Frisco
Frisco, TX
100%
—

 
4,966

109,201

114,167

 
—

 
4,966

109,201

114,167

 
(4,630
)
2012
10/22/13
40
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
—

 
8,986

166,821

175,807

 
—

 
8,986

166,821

175,807

 
(11,324
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Multi-property Indebtedness
 
 
12,932

 
—

—

—

 
—

 
—

—

—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
124,022

 
193,793

1,664,726

1,858,519

 
3,255

 
193,793

1,637,741

1,831,534

 
(185,789
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate Assets
 
 
—

 
—

136

136

 
129

 
—

265

265

 
(205
)
 
 
 
 
 
 
 
 
 

 

 

 
 
 
 

 

 

 
 

 
 
 
 
 
 
$
124,022

 
$
193,793

$
1,664,862

$
1,858,655

 
$
3,384

 
$
193,793

$
1,638,006

$
1,831,799

 
$
(185,994
)
 
 
 
 
 
 
 
 
 

 

 

 
 
 
 

 

 

 
 

 
 
 


(1) 
Building and building improvements include land improvements and furniture and equipment.
(2) 
Property serves as collateral for a mortgage loan totaling $12.9 million as of December 31, 2014.
(3) 
The aggregate cost of real estate for federal income tax purposes was $1.9 billion.





SABRA HEALTH CARE REIT, INC.
SCHEDULE III
REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION
(dollars in thousands)


 
 
 
 
 
Year Ended December 31,
 
2014
 
2013
 
2012
Real estate:
 
 
 
 
 
Balance at the beginning of the period
$
1,066,496

 
$
956,614

 
$
760,708

Acquisitions
792,510

 
120,229

 
202,458

Improvements
1,471

 
764

 
1,046

Sale of real estate
(23,265
)
 
—

 
—

Purchase price allocation adjustment
—

 
—

 
(104
)
Write-off of fully depreciated assets
(5,413
)
 
(11,111
)
 
(7,494
)
 
 
 
 
 
 

Balance at the end of the year
$
1,831,799

 
$
1,066,496

 
$
956,614

 
 
 
 
 
 

Accumulated depreciation:
 
 
 
 
 

Balance at the beginning of the period
$
(151,078
)
 
$
(129,479
)
 
$
(107,331
)
Depreciation expense (1)
(42,021
)
 
(32,710
)
 
(29,642
)
Sale of real estate
1,692

 
—

 
—

Write-off of fully depreciated assets
5,413

 
11,111

 
7,494

 
 
 
 
 
 

Balance at the end of the year
$
(185,994
)
 
$
(151,078
)
 
$
(129,479
)
 
 
 
 
 
 


(1) Depreciation expense for the year ended December 31, 2012 excludes expense of $0.3 million related to the asset held for sale.