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Real Property Acquisitions and Development (Details 1) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Triple Net [Member]    
Estimated Fair Value of Allocated Purchase Price of Asset and Liabilities    
Land and land improvements $ 1,691 $ 4,017
Buildings and improvements 235 37,241
Total assets acquired 1,926 41,258
Accrued expenses and other liabilities (6) 0
Total liabilities assumed (6) 0
Cash disbursed for acquisitions [1] 1,920 41,258
Construction in progress additions 15,850 46,754
Less: Capitalized Interest (847) (2,028)
Less: Foreign currency translation 0 (164)
Cash disbursed for construction in progress 15,003 44,562
Capital improvements to existing properties 2,351 10,495
Total cash invested in real property 19,274 96,315
Senior housing - operating [Member]    
Estimated Fair Value of Allocated Purchase Price of Asset and Liabilities    
Land and land improvements 35,193 4,304
Buildings and improvements 372,562 44,075
Acquired lease intangibles 48,805 1,741
Receivables and other assets 265 74
Total assets acquired [2] 456,825 50,194
Secured debt (89,973) 0
Accrued expenses and other liabilities (12,808) (2,755)
Total liabilities assumed (102,781) (2,755)
Noncontrolling interests (5,618) (647)
Non-cash acquisition related activity [3] 0 (14,148)
Cash disbursed for acquisitions 348,426 32,644
Construction in progress additions 10,562 8,062
Less: Capitalized Interest (891) (1,707)
Less: Foreign currency translation (5,032) 691
Cash disbursed for construction in progress 4,639 7,046
Capital improvements to existing properties 31,325 24,254
Total cash invested in real property 384,390 63,944
Cash Acquired from Acquisition 2,155 400
Non Cash Acquisition Financed As Real Estate Loan Receivable   6,349
Non cash acquisition financed as equity investments   7,799
Outpatient Medical [Member]    
Estimated Fair Value of Allocated Purchase Price of Asset and Liabilities    
Land and land improvements 7,369 2,895
Buildings and improvements 42,673 23,310
Acquired lease intangibles 5,852 3,496
Receivables and other assets 1 3
Total assets acquired [4] 55,895 29,704
Accrued expenses and other liabilities (632) (1,250)
Total liabilities assumed (632) (1,250)
Cash disbursed for acquisitions 55,263 28,454
Construction in progress additions 2,803 14,921
Less: Capitalized Interest (598) (717)
Less: Accruals [5] 888 3,522
Cash disbursed for construction in progress 3,093 17,726
Capital improvements to existing properties 12,871 7,366
Total cash invested in real property 71,227 53,546
Cash Acquired from Acquisition $ 1,950 $ 0
[1]
Primarily reprsents land acquired on an existing property during the three months ended March 31, 2018.
[2]
Excludes $2,155,000 and $400,000 of unrestricted and restricted cash acquired during the three months ended March 31, 2018 and 2017, respectively.
[3]
Includes $6,349,000 related to the acquisition of assets previously financed as real estate loans receivable and $7,799,000 previously financed as an investment in an unconsolidated entity during the three months ended March 31, 2017.
[4]
Excludes $1,950,000 of unrestricted and restricted cash acquired during the three months ended March 31, 2018.
[5]
Represents non-cash accruals for amounts to be paid in future periods for properties that converted, off-set by amounts paid in the current period.