Real Property Acquisitions and Development (Tables)

3 Months Ended

Jun. 30, 2012

Real property acquisitions and development [Line Items]

Estimated fair value of allocated updated purchase price calculation of asset and liabilities

		Six Months Ended
		June 30, 2012(1)			June 30, 2011
			Amount			Amount
Land and land improvements			$	29,320		$	179,321
Buildings and improvements				394,508			2,670,282
	Total assets acquired			423,828			2,849,603
Assumed debt				(56,337)			(93,425)
Accrued expenses and other liabilities				(1,568)			(75,144)
	Total liabilities assumed			(57,905)			(168,569)
Capital in excess of par				1,024			-
Noncontrolling interest				(15,820)			-
Non-cash acquisition related activity				(310)			-
	Cash disbursed for acquisitions			350,817			2,681,034
Construction in progress additions				81,419			75,999
Less: Capitalized interest				(2,629)			(2,331)
Cash disbursed for construction in progress				78,790			73,668
Capital improvements to existing properties				36,421			11,556
Total cash invested in real property, net of cash acquired			$	466,028		$	2,766,258
(1) Includes acquisitions with an aggregate purchase price of $129,545,000 for which the allocation of the purchase price consideration is preliminary and subject to change.

		Six Months Ended
		June 30, 2012(2)			June 30, 2011
			Amount			Amount
Land and land improvements			$	27,647		$	71,610
Building and improvements				241,287			966,235
Acquired lease intangibles				24,052			88,285
Restricted cash				-			5,451
Receivables and other assets				1,182			14,960
	Total assets acquired(1)			294,168			1,146,541
Assumed debt				(8,684)			(585,656)
Accrued expenses and other liabilities				(1,665)			(30,681)
	Total liabilities assumed			(10,349)			(616,337)
Capital in excess of par				-			(6,017)
Noncontrolling interests				(2,054)			(27,411)
Non-cash acquisition related activity				-			(28,090)
Cash disbursed for acquisitions				281,765			468,686
Capital improvements to existing properties				8,553			7,661
Total cash invested in real property, net of cash acquired			$	290,318		$	476,347
(1) Excludes $1,619,000 and $34,342,000 of cash acquired during the six months ended June 30, 2012 and 2011, respectively.
(2) Includes acquisitions with an aggregate purchase price of $82,774,000 for which the allocation of the purchase price consideration is preliminary and subject to change.

		Six Months Ended
		June 30, 2012(2)			June 30, 2011
			Amount		Amount
Land and land improvements			$	30,160	$	7,711
Buildings and improvements				489,659		63,532
Acquired lease intangibles				58,998		1,126
Restricted cash				975		-
Receivables and other assets				4,250		-
	Total assets acquired			584,042		72,369
Assumed debt				(238,589)		(42,551)
Accrued expenses and other liabilities				(12,775)		(568)
	Total liabilities assumed			(251,364)		(43,119)
Non-cash acquisition activity				(880)		-
Cash disbursed for acquisitions				331,798		29,250
Construction in progress additions:				64,937		124,150
Less: Capitalized interest				(1,929)		(4,648)
	Accruals(1)			(10,911)		(30,736)
Cash disbursed for construction in progress				52,097		88,766
Capital improvements to existing properties				18,025		9,976
Total cash invested in real property			$	401,920	$	127,992
(1) Represents non-cash accruals for amounts to be paid in future periods relating to properties that converted in the periods noted above.
(2) Includes acquisitions with an aggregate purchase price of $545,824,000 for which the allocation of the purchase price consideration is preliminary and subject to change.

Summary of construction projects placed into service and generating revenues

			Six Months Ended
			June 30, 2012			June 30, 2011
	Development projects:
		Seniors housing triple-net		$	59,167		$	0
		Medical facilities			105,666			325,563
		Total development projects			164,833			325,563
	Expansion projects				240			19,218
Total construction in progress conversions				$	165,073		$	344,781