FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of the carrying amounts and fair values of financial instruments

At December 31, 2012 and 2011, the carrying amounts and fair values of our financial instruments were as follows:

	2012				2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(in thousands)
Assets:
Cash and cash equivalents	$	1,711	$	1,711	$	351	$	351
Restricted cash		36,660		36,660		34,112		34,112
Mortgage notes receivable – net		238,621		235,705		238,675		241,494
Other investments – net		47,339		44,077		52,957		48,903
Totals	$	324,331	$	318,153	$	326,095	$	324,860
Liabilities:
Revolving line of credit	$	258,000	$	258,000	$	272,500	$	272,500
7.00% Notes due 2016 – net		—		—		174,376		186,398
7.50% Notes due 2020 – net		197,546		252,363		197,202		216,114
6.75% Notes due 2022 – net		581,799		724,240		582,493		582,684
5.875% Notes due 2024 – net		400,000		441,761		—		—
HUD debt		366,538		433,803		303,610		321,949
Subordinated debt		21,049		27,896		21,219		23,198
Totals	$	1,824,932	$	2,138,063	$	1,551,400	$	1,602,843

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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Reference 10: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details