ACQUISITIONS OF REAL ESTATE PROPERTY (Tables)

9 Months Ended

Sep. 30, 2015

2015 Acquisitions

Business Acquisition [Line Items]

Acquisition Date Fair Values of the Assets Acquired and Liabilities Assumed

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		Total
	(In thousands)
Land and improvements	$	190,566	$	70,713	$	171,650	$	432,929
Buildings and improvements	1,726,553		703,080		1,125,726		3,555,359
Acquired lease intangibles	169,362		83,867		178,165		431,394
Other assets	173,144		273,523		398,097		844,764
Total assets acquired	2,259,625		1,131,183		1,873,638		5,264,446
Notes payable and other debt	—		77,940		99,917		177,857
Other liabilities	43,841		43,412		48,789		136,042
Total liabilities assumed	43,841		121,352		148,706		313,899
Net assets acquired	2,215,784		1,009,831		1,724,932		4,950,547
Redeemable OP unitholder interests assumed							87,245
Cash acquired							54,778
Equity issued							2,216,355
Total cash used							$	2,592,169

2014 Acquisitions

Business Acquisition [Line Items]

Acquisition Date Fair Values of the Assets Acquired and Liabilities Assumed

The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed in our 2014 real estate acquisitions, which we determined using level two and level three inputs:

	Triple-Net Leased Properties		Senior Living Operations		Total
	(In thousands)
Land and improvements	$	45,586	$	100,281	$	145,867
Buildings and improvements	546,849		1,081,630		1,628,479
Acquired lease intangibles	28,883		36,452		65,335
Other assets	227		12,393		12,620
Total assets acquired	621,545		1,230,756		1,852,301
Notes payable and other debt	12,927		228,150		241,077
Other liabilities	8,609		124,960		133,569
Total liabilities assumed	21,536		353,110		374,646
Net assets acquired	600,009		877,646		1,477,655
Cash acquired	227		8,704		8,931
Total cash used	$	599,782	$	868,942	$	1,468,724

HCT and Ardent

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The following table illustrates the effect on net income and earnings per share if we had consummated the HCT acquisition and Ardent Transaction as of January 1, 2014 and excludes assets that were acquired in the HCT acquisition but subsequently disposed of as part of the CCP Spin-Off.

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2015		2014		2015		2014
	(In thousands, except per share amounts)
Revenues	$	837,203	$	801,333	$	2,519,122	$	2,333,926
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	73,329	$	131,160	$	375,553	$	410,149
Earnings per common share:
Basic:
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	0.22	$	0.41	$	1.14	$	1.27
Diluted:
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	0.22	$	0.40	$	1.13	$	1.26
Weighted average shares used in computing earnings per common share:
Basic	332,491		322,445		329,440		322,380
Diluted	336,338		326,028		332,210		325,944