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Dispositions, Assets Held for Sale and Discontinued Operations
 3 Months Ended
Jun. 30, 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 six months ended June 30, 2012, we sold 23 properties for net gains of $33,219,000. Of our total sale proceeds, $84,247,000 was deposited in an Internal Revenue Code Section 1031 exchange escrow account with a qualified intermediary and, during the second quarter of 2012, we used $79,300,000 of the deposited proceeds for medical facility acquisitions. At June 30, 2012, we had 36 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):

   Six Months Ended
   June 30, 2012 June 30, 2011
Real property dispositions:        
 Seniors housing triple-net  $ 90,404  $ 117,074
 Medical facilities    33,066    35,238
 Total dispositions    123,470    152,312
Add: Gain on sales of real property    33,219    56,380
Proceeds from real property sales  $ 156,689  $ 208,692

We have reclassified the income and expenses attributable to all properties sold prior to and held for sale at June 30, 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  Six Months Ended
    June 30,  June 30,
   2012 2011 2012 2011
Revenues:            
 Rental income $ 9,833 $ 15,943 $ 20,040 $ 32,242
Expenses:            
 Interest expense   1,794   3,289   3,543   6,490
 Property operating expenses   10   1,219   436   2,970
 Provision for depreciation   1,046   3,798   3,564   8,882
Income (loss) from discontinued operations, net $ 6,983 $ 7,637 $ 12,497 $ 13,900