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Dispositions, Assets Held for Sale and Discontinued Operations
3 Months Ended
Mar. 31, 2012
Disclosure Dispositions, Assets Held for Sale and Discontinued Operations [Abstract]  
Dispositions, Assets Held for Sale and Discontinued Operations

5. Dispositions, Assets Held for Sale and Discontinued Operations

During the three months ended March 31, 2012, we sold four properties for net gains of $769,000. At March 31, 2012, we had one medical facility and 32 seniors housing facilities that satisfied the requirements for held for sale treatment and such properties were properly recorded at the lesser of their estimated fair value less costs to sell or carrying value. The following is a summary of our real property disposition activity for the periods presented (in thousands):

   Three Months Ended
   March 31, 2012 March 31, 2011
Real property dispositions:        
 Seniors housing triple-net  $ 0  $ 17,892
 Medical facilities    31,815    0
 Total dispositions    31,815    17,892
Add: Gain on sales of real property    769    26,156
Proceeds from real property sales  $ 32,584  $ 44,048

We have reclassified the income and expenses attributable to all properties sold prior to and held for sale at March 31, 2012 to discontinued operations. Expenses include an allocation of interest expense based on property carrying values and our weighted average cost of debt. The following illustrates the reclassification impact as a result of classifying properties as discontinued operations for the periods presented (in thousands):

    Three Months Ended
    March 31,
   2012 2011
Revenues:      
 Rental income $ 5,991 $ 12,125
Expenses:      
 Interest expense   1,010   2,428
 Property operating expenses   426   1,751
 Provision for depreciation   1,467   4,025
Income (loss) from discontinued operations, net $ 3,088 $ 3,921