ACQUISITIONS OF REAL ESTATE PROPERTY (Tables)

9 Months Ended

Sep. 30, 2013

Acquisition date fair values of the assets acquired and liabilities assumed

We accounted for our 2012 acquisitions under the acquisition method in accordance with ASC 805. The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed, which we determined using level two and level three inputs:



	Triple-Net Leased Properties		Senior Living Operations		MOB Operations (1)		Total
	(In thousands)
Land and improvements	$	21,881	$	60,662	$	112,504	$	195,047
Buildings and improvements	225,950		413,750		1,085,148		1,724,848
Construction in progress	—		—		25,579		25,579
Acquired lease intangibles	2,323		18,070		182,406		202,799
Other assets	1,519		832		43,747		46,098
Total assets acquired	251,673		493,314		1,449,384		2,194,371
Notes payable and other debt	57,219		—		355,606		412,825
Other liabilities	13,851		11,806		106,367		132,024
Total liabilities assumed	71,070		11,806		461,973		544,849
Noncontrolling interest assumed	7,292		—		30,361		37,653
Net assets acquired	173,311		481,508		957,050		1,611,869
Cash acquired	1,250		—		24,115		25,365
Total cash used	$	172,061	$	481,508	$	932,935	$	1,586,504

(1) Includes the Cogdell acquisition.

We are accounting for our 2013 acquisitions under the acquisition method in accordance with ASC Topic 805, Business Combinations (“ASC 805”), and have completed our initial accounting, subject to further adjustment. We accounted for the acquisition of the eight seniors housing communities that we previously leased pursuant to a capital lease in accordance with ASC Topic 840, Leases. The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed, which we determined using level two and level three inputs:



	Triple-Net Leased Properties		Senior Living Operations (1)		MOB Operations		Total
	(In thousands)
Land and improvements	$	51,419	$	43,405	$	3,923	$	98,747
Buildings and improvements	803,227		507,534		134,474		1,445,235
Acquired lease intangibles	8,945		14,700		10,362		34,007
Other assets	3,285		2,497		2,453		8,235
Total assets acquired	866,876		568,136		151,212		1,586,224
Notes payable and other debt	36,300		5,136		—		41,436
Other liabilities	11,423		9,668		6,510		27,601
Total liabilities assumed	47,723		14,804		6,510		69,037
Noncontrolling interest assumed	10,113		—		1,672		11,785
Net assets acquired	809,040		553,332		143,030		1,505,402
Cash acquired	753		—		1,397		2,150
Total cash used	$	808,287	$	553,332	$	141,633	$	1,503,252

(1) Includes settlement of a $142.4 million capital lease obligation for eight seniors housing communities.