XML 69 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Real Estate Property Investments
9 Months Ended
Sep. 30, 2014
Real Estate Property Investments  
Real Estate Property Investments

(4)Real Estate Property Investments

 

A summary of real estate acquisitions for the nine months ended September 30, 2014 follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consideration

 

Assets Acquired

 

 

    

 

    

 

 

    

Debt and Other

    

 

 

    

 

 

    

 

 

 

 

 

Property

 

 

 

 

Liabilities

 

Noncontrolling

 

 

 

 

Net

 

Segment

 

Count

 

Cash Paid

 

Assumed

 

Interest

 

Real Estate

 

Intangibles

 

Senior housing

 

22 

 

$

215,381 

(1)  

$

1,021 

 

$

6,321 

(2)  

$

205,778 

 

$

16,945 

 

Life science

 

 

 

43,500 

 

 

250 

 

 

 

 

41,281 

 

 

2,469 

 

Medical office

 

 

 

208,266 

 

 

463 

 

 

 

 

186,799 

 

 

21,930 

 

 

 

28 

 

$

467,147 

 

$

1,734 

 

$

6,321 

 

$

433,858 

 

$

41,344 

 


(1)  Includes the acquisition of a $127 million (£75.8 million) portfolio of 20 care homes in the UK.

(2)  Includes $5 million of non-managing member limited liability company units.

 

A summary of real estate acquisitions for the nine months ended September 30, 2013 follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consideration

 

Assets Acquired

 

    

 

    

 

 

    

Fair Value of

    

Debt and Other

    

 

 

    

 

 

 

 

Property

 

 

 

 

Real Estate

 

Liabilities

 

 

 

 

Net

Segment

 

Count

 

Cash Paid

 

Exchanged

 

Assumed

 

Real Estate

 

Intangibles

Senior housing

 

 

$

59,341 

 

$

 —

 

$

12,728 

 

$

68,795 

 

$

3,274 

Post-acute/skilled nursing

 

N/A

 

 

408 

(1)  

 

 —

 

 

 —

 

 

408 

 

 

 —

Hospital 

 

 

 

 —

 

 

15,204 

(2)  

 

 —

 

 

11,822 

 

 

3,382 

 

 

 

$

59,749 

 

$

15,204 

 

$

12,728 

 

$

81,025 

 

$

6,656 

(1)  Represents 38 acres of land acquired.

(2)  See Note 5 for additional information on real estate exchanged.

 

During the nine months ended September 30, 2014 and 2013, the Company funded an aggregate of $163 million and $123 million, respectively, for construction, tenant and other capital improvement projects, primarily in its senior housing, life science and medical office segments.