ACQUISITIONS OF REAL ESTATE (Tables)

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

During the year ended December 31, 2014, the Company acquired 10 skilled nursing/transitional care facilities and 32 senior housing facilities. During the year ended December 31, 2013, the Company acquired one senior housing facility and one acute care hospital. The consideration was allocated as follows (in thousands):

	Year Ended December 31,
	2014		2013
Land	$	66,688	$	5,563
Building and Improvements	725,822		114,666
Tenant Origination and Absorption Costs	9,546		2,196
Tenant Relationship	3,612		349
Total Consideration	$	805,668	$	122,774

In connection with the acquisitions during the year ended December 31, 2014, the Company assumed a HUD-insured mortgage with an outstanding principal balance of approximately $14.1 million and an annual interest rate of 4.84%.

The tenant origination and absorption costs intangible assets and tenant relationship intangible assets acquired in connection with these acquisitions have weighted-average amortization periods as of the date of acquisition of 13 years and 23 years, respectively.

For the year ended December 31, 2014, the Company recognized $23.7 million and $12.9 million of total revenues and net income attributable to common stockholders, respectively, from these properties.