RECENT REAL ESTATE ACQUISITIONS

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

RECENT REAL ESTATE ACQUISITIONS

RECENT REAL ESTATE ACQUISITIONS

During the six months ended June 30, 2020, the Company acquired three Senior Housing - Leased communities and one Senior Housing - Managed community. These investments were part of the Company’s proprietary development pipeline, and $20.7 million was previously funded through its preferred equity investments in these developments. No acquisitions were completed during the six months ended June 30, 2019. The consideration was allocated as follows (in thousands):

	Six Months Ended June 30,
	2020
Land	$	5,800
Building and improvements	104,952
Tenant origination and absorption costs intangible assets	2,578
Tenant relationship intangible assets	347
Total consideration	$	113,677

The tenant origination and absorption costs intangible assets and tenant relationship intangible assets had weighted-average amortization periods as of the respective dates of acquisition of seven years and 25 years, respectively, for acquisitions completed during the six months ended June 30, 2020.

For the three and six months ended June 30, 2020, the Company recognized $3.4 million and $5.8 million of total revenues, respectively, and $1.4 million and $2.2 million of net income attributable to common stockholders, respectively, from the facilities acquired during the six months ended June 30, 2020.