Dispositions of Real Estate

3 Months Ended

Mar. 31, 2016

Dispositions of Real Estate

Dispositions of Real Estate

NOTE 4.  Dispositions of Real Estate

At March 31, 2016 and December 31, 2015, four life science facilities were classified as held for sale, with an aggregate carrying value of $311 million and $314 million, respectively.

During the three months ended March 31, 2015, the Company sold eight senior housing facilities for $51 million resulting from Brookdale’s exercise of its purchase option received as part of the 2014 Brookdale transaction.

Subsequent Event. In April 2016, the Company sold a life science facility for $74 million with a carrying value of $43 million at March 31, 2016.