Acquisitions of Real Estate Property (Tables)

12 Months Ended

Dec. 31, 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	$	173,307	$	434,586
Buildings and improvements	1,724,812		703,080		1,214,403		3,642,295
Acquired lease intangibles	169,362		83,867		184,540		437,769
Other assets	173,232		272,888		403,046		849,166
Total assets acquired	2,257,972		1,130,548		1,975,296		5,363,816
Notes payable and other debt	—		77,940		99,917		177,857
Other liabilities	43,811		45,408		46,734		135,953
Total liabilities assumed	43,811		123,348		146,651		313,810
Net assets acquired	2,214,161		1,007,200		1,828,645		4,961,921
Redeemable OP unitholder interests assumed							88,085
Cash acquired							59,584
Equity issued							2,216,355
Total cash used							$	2,685,982

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		12,394		12,621
Total assets acquired	621,545		1,230,757		1,852,302
Notes payable and other debt	12,927		228,150		241,077
Other liabilities	8,609		124,468		133,077
Total liabilities assumed	21,536		352,618		374,154
Net assets acquired	600,009		878,139		1,478,148
Cash acquired	227		8,704		8,931
Total cash used	$	599,782	$	869,435	$	1,469,217

2013 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 2013 real estate acquisitions, 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	$	45,566	$	3,923	$	100,908
Buildings and improvements	803,227		579,577		138,792		1,521,596
Acquired lease intangibles	8,945		16,920		10,362		36,227
Other assets	3,285		2,607		2,453		8,345
Total assets acquired	866,876		644,670		155,530		1,667,076
Notes payable and other debt	36,300		5,136		—		41,436
Other liabilities	11,423		12,285		6,510		30,218
Total liabilities assumed	47,723		17,421		6,510		71,654
Noncontrolling interest assumed	10,113		—		1,672		11,785
Net assets acquired	809,040		627,249		147,348		1,583,637
Cash acquired	753		—		1,397		2,150
Total cash used	$	808,287	$	627,249	$	145,951	$	1,581,487

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(1) Includes settlement of a $142.2 million capital lease obligation related to eight seniors housing communities.

American Realty Capital Healthcare Trust

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 Years Ended December 31,
	2015		2014
	(In thousands, except per share amounts)
Revenues	$	3,361,658	$	3,164,100
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	475,017	$	465,671
Earnings per common share:
Basic:
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	1.44	$	1.44
Diluted:
Income from continuing operations attributable to common stockholders, including real estate dispositions	$	1.42	$	1.43
Weighted average shares used in computing earnings per common share:
Basic	330,311		322,590
Diluted	334,007		326,210