DISPOSITIONS (Tables)

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Real estate assets classified as held for sale

The table below summarizes our real estate assets classified as held for sale as of September 30, 2014 and December 31, 2013, including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets.

	September 30, 2014					December 31, 2013
	Number of Properties Held for Sale (1)	Other Assets		Accounts Payable and Other Liabilities		Number of Properties Held for Sale (2)	Other Assets		Accounts Payable and Other Liabilities
	(Dollars in thousands)
Triple-net leased properties	10	$	17,307	$	794	15	$	125,981	$	50,456
Senior living operations	2	3,709		194		—	—		—
MOB operations (3)	36	179,334		50,445		4	29,359		14,044
Total	48	$	200,350	$	51,433	19	$	155,340	$	64,500

(1) The operations for three triple-net leased properties and two MOBs are reported in discontinued operations in our Consolidated Statements of Income.

(2) The operations for all properties listed are reported in discontinued operations in our Consolidated Statements of Income.

(3) Includes 34 MOBs that are being marketed for sale and were classified as held for sale as of September 30, 2014. Aggregate NOI for this portfolio of assets was $8.7 million and $10.6 million for the nine months ended September 30, 2014 and 2013, respectively. The sale of these MOBs does not meet the criteria for reporting as discontinued operations.

Summary of the results of operations of properties sold or classified as held for sale

Set forth below is a summary of our results of operations for properties within discontinued operations for the three and nine months ended September 30, 2014 and 2013.

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2014			2013			2014		2013
	(In thousands)
Revenues:
Rental income	$	261		$	3,672		$	4,269	$	11,557
Resident fees and services	—			—			—		759
Interest and other income	—			—			750		—
	261			3,672			5,019		12,316
Expenses:
Interest	281			1,235			1,462		4,389
Depreciation and amortization	12			11,354			1,540		45,292
Property-level operating expenses	123			310			403		1,692
General, administrative and professional expenses	—			—			—		3
Gain on extinguishment of debt, net	—			—			—		(153		)
Other	63			(7		)	309		(502		)
	479			12,892			3,714		50,721
(Loss) income before (loss) gain on real estate dispositions	(218		)	(9,220		)	1,305		(38,405		)
(Loss) gain on real estate dispositions	(41		)	46			1,212		2,241
Discontinued operations	$	(259	)	$	(9,174	)	$	2,517	$	(36,164	)