Sentio Healthcare Properties 10-Q 13 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 06, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Common Stock, Shares Outstanding	'	11,472,765
Entity Registrant Name	'Sentio Healthcare Properties Inc	'
Entity Central Index Key	'0001378774	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
ASSETS	'	'
Cash and cash equivalents	$20,121,000	$21,792,000
Investments in real estate:	'	'
Land	39,462,000	28,561,000
Buildings and improvements, net	228,521,000	192,495,000
Furniture, fixtures and vehicles, net	5,673,000	4,743,000
Intangible lease assets, net	7,590,000	9,420,000
Total Investment In Real Estate	281,246,000	235,219,000
Deferred financing costs, net	2,398,000	1,966,000
Investment in unconsolidated entities	1,648,000	1,297,000
Tenant and other receivables, net	3,796,000	3,204,000
Deferred costs and other assets	5,084,000	3,469,000
Restricted cash	4,868,000	3,930,000
Goodwill	5,965,000	5,965,000
Total assets	325,126,000	276,842,000
Liabilities:	'	'
Notes payable, net	218,871,000	181,645,000
Accounts payable and accrued liabilities	5,834,000	5,367,000
Prepaid rent and security deposits	3,552,000	1,996,000
Distributions payable	1,445,000	1,589,000
Total liabilities	229,702,000	190,597,000
Equity:	'	'
Preferred Stock Series C , $0.01 par value; 1,000 shares authorized; 1,000 and 1,000 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively.	0	0
Common stock, $0.01 par value; 580,000,000 shares authorized; 11,464,924 and 12,608,534 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively.	115,000	126,000
Additional paid-in capital	68,147,000	83,346,000
Accumulated deficit	-18,043,000	-16,048,000
Total stockholders' equity	50,219,000	67,424,000
Noncontrolling interests:	'	'
Series B preferred OP units	41,680,000	15,100,000
Other noncontrolling interest	3,525,000	3,721,000
Total equity	95,424,000	86,245,000
Total liabilities and equity	$325,126,000	$276,842,000

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	580,000,000	580,000,000
Common stock, shares issued	11,464,924	12,608,534
Common stock, shares outstanding	11,464,924	12,608,534
Preferred Stock, Par value	$0.01	'
Preferred stock, shares authorized	20,000,000	'
Series C Preferred Stock [Member]	'	'
Preferred Stock, Par value	$0.01	$0.01
Preferred stock, shares authorized	1,000	1,000
Preferred Stock, Shares Issued	1,000	1,000
Preferred Stock, Shares Outstanding	1,000	1,000

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Revenues:	'		'		'		'
Rental revenues	$12,699,000		$8,499,000		$35,901,000		$25,373,000
Resident fees and services	7,247,000		6,195,000		21,454,000		18,115,000
Tenant reimbursements and other income	394,000		403,000		1,112,000		1,212,000
Total revenues	20,340,000		15,097,000		58,467,000		44,700,000
Expenses:	'		'		'		'
Property operating and maintenance	12,570,000		9,181,000		37,100,000		26,899,000
General and administrative	283,000		523,000		938,000		1,186,000
Asset management fees	1,045,000		732,000		2,986,000		2,125,000
Real estate acquisition costs	762,000		0		1,108,000		0
Depreciation and amortization	2,785,000		1,528,000		8,896,000		6,317,000
Total expenses	17,445,000		11,964,000		51,028,000		36,527,000
Income from operations	2,895,000		3,133,000		7,439,000		8,173,000
Other (income) expense:	'		'		'		'
Interest expense, net	2,535,000		2,031,000		7,138,000		6,121,000
Equity in loss (income) from unconsolidated entities	50,000	[1],[2]	56,000	[1],[3]	249,000	[1],[2]	-24,000	[1],[3]
Gain on disposition of investment in unconsolidated entity	0		-1,701,000		0		-1,701,000
Net Income	310,000		2,747,000		52,000		3,777,000
Net income attributable to Series B OP Units	749,000		0		1,592,000		0
Net income attributable to noncontrolling interest	143,000		215,000		455,000		260,000
Net (loss) income attributable to common stockholders	($582,000)		$2,532,000		($1,995,000)		$3,517,000
Basic and diluted weighted average number of common shares	11,463,082		12,673,194		12,397,422		12,756,221
Basic and diluted net (loss) income per common share attributable to common stockholders	($0.05)		$0.20		($0.16)		$0.28
[1]	The Physicians Centre MOB joint venture was acquired in April 2012 and was accounted for under the equity method of accounting beginning with the second quarter of 2012.
[2]	On January 28, 2014, through a wholly-owned subsidiary, we acquired a 25% interest in a joint venture entity that will develop Buffalo Crossing, a 108-unit, assisted living community. Buffalo Crossing was accounted for under the equity method of accounting beginning with the first quarter of 2014.
[3]	Littleton Specialty Rehabilitation Facility was completed in April 2012 and the single tenant began paying rent in July 2012, in accordance with the lease. Tenant operations commenced upon licensure of the facility in July 2012 and Littleton Specialty Rehabilitation Facility was accounted for under the equity method of accounting. On December 17, 2012, our joint venture partner notified the Company of their intent to exercise their promote monetization right. The Company elected to satisfy the monetization provision through a sale of the property. The property was sold on August 8, 2013.

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (USD $)	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total Stockholders' Equity	Noncontrolling Interest
Balance at Dec. 31, 2013	$86,245,000	$0	$126,000	$83,346,000	($16,048,000)	$67,424,000	$18,821,000
Balance (in shares) at Dec. 31, 2013	'	1,000	12,608,534	'	'	'	'
Issuance of Common Stock	218,000	0	0	218,000	0	218,000	0
Issuance of Common Stock (in shares)	'	0	19,564	'	'	'	'
Issuance of Series B Preferred OP Units, net	26,582,000	0	0	0	0	0	26,582,000
Redeemed shares	-10,599,000	0	-11,000	-10,588,000	0	-10,599,000	0
Redeemed shares (in shares)	'	0	-1,163,174	'	'	'	'
Offering costs	-289,000	0	0	-289,000	0	-289,000	0
Noncontrolling Interest Contribution	293,000	0	0	0	0	0	293,000
Distributions	-7,078,000	0	0	-4,540,000	0	-4,540,000	-2,538,000
Net (loss) income	52,000	0	0	0	-1,995,000	-1,995,000	2,047,000
Balance at Sep. 30, 2014	$95,424,000	$0	$115,000	$68,147,000	($18,043,000)	$50,219,000	$45,205,000
Balance (in shares) at Sep. 30, 2014	'	1,000	11,464,924	'	'	'	'

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013
Cash flows from operating activities:	'		'
Net income	$52,000		$3,777,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:	'		'
Amortization of deferred financing costs	421,000		308,000
Depreciation and amortization	8,896,000		6,317,000
Straight-line rent and above/below market lease amortization	-442,000		-487,000
Gain on disposition of investment in unconsolidated entity	0		-1,701,000
Amortization of loan premium	-47,000		-52,000
Equity in loss (income) from unconsolidated entities	249,000	[1],[2]	-24,000	[1],[3]
Bad debt expense	181,000		27,000
Deferred tax benefit	-676,000		-569,000
Changes in operating assets and liabilities:	'		'
Tenant and other receivables	-174,000		-285,000
Deferred costs and other assets	132,000		152,000
Restricted cash	15,000		9,000
Prepaid rent and tenant security deposits	1,556,000		105,000
Accounts payable and accrued expenses	-57,000		1,000
Net cash provided by operating activities	10,106,000		7,578,000
Cash flows from investing activities:	'		'
Real estate acquisitions	-48,177,000		0
Additions to real estate	-978,000		-489,000
Purchase of an interest in an unconsolidated entity	-1,161,000		0
Proceeds from disposition of investment in unconsolidated entity	0		3,534,000
Changes in restricted cash	-287,000		-57,000
Acquisition deposits	-553,000		-886,000
Distributions from unconsolidated entities	561,000		342,000
Net cash (used in) provided by investing activities	-50,595,000		2,444,000
Cash flows from financing activities:	'		'
Proceeds from issuance of Series B OP units, net	26,604,000		0
Redeemed shares	-10,599,000		-1,924,000
Proceeds from notes payable	39,200,000		0
Repayment of notes payable	-8,241,000		-1,707,000
Offering costs	-289,000		-84,000
Deferred financing costs	-853,000		-107,000
Distributions paid to stockholders, net	-4,466,000		-4,611,000
Distributions paid to noncontrolling interests	-2,538,000		-769,000
Prepaid preferred stock offering costs	0		-4,062,000
Net cash provided by (used in) financing activities	38,818,000		-13,264,000
Net decrease in cash and cash equivalents	-1,671,000		-3,242,000
Cash and cash equivalents - beginning of period	21,792,000		21,507,000
Cash and cash equivalents - end of period	20,121,000		18,265,000
Supplemental disclosure of cash flow information:	'		'
Cash paid for interest	6,714,000		5,808,000
Cash paid for income taxes	437,000		367,000
Supplemental disclosure of non-cash financing and investing activities:	'		'
Note payable assumed in connection with a real estate acquisition	6,314,000		0
Equity contribution by noncontrolling interest	293,000		0
Distributions declared not paid	1,354,000		1,544,000
Distributions reinvested	30,000		0
Accrued preferred stock offering costs	22,000		8,000
Accrued additions to real estate	183,000		0
Accrued deferred acquisition costs	$319,000		$0
[1]	The Physicians Centre MOB joint venture was acquired in April 2012 and was accounted for under the equity method of accounting beginning with the second quarter of 2012.
[2]	On January 28, 2014, through a wholly-owned subsidiary, we acquired a 25% interest in a joint venture entity that will develop Buffalo Crossing, a 108-unit, assisted living community. Buffalo Crossing was accounted for under the equity method of accounting beginning with the first quarter of 2014.
[3]	Littleton Specialty Rehabilitation Facility was completed in April 2012 and the single tenant began paying rent in July 2012, in accordance with the lease. Tenant operations commenced upon licensure of the facility in July 2012 and Littleton Specialty Rehabilitation Facility was accounted for under the equity method of accounting. On December 17, 2012, our joint venture partner notified the Company of their intent to exercise their promote monetization right. The Company elected to satisfy the monetization provision through a sale of the property. The property was sold on August 8, 2013.

Organization

Organization	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Organization	'
	1. Organization
	Sentio Healthcare Properties, Inc., a Maryland corporation, was formed on October 16, 2006 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in and owning commercial real estate. As used in this report, the “Company”, “we”, “us” and “our” refer to Sentio Healthcare Properties, Inc. and its consolidated subsidiaries, except where context otherwise requires. Our business is managed by Sentio Investments, LLC, a Florida limited liability company that was formed on December 20, 2011 (the “Advisor”), which is majority-owned and controlled by John Mark Ramsey, our Chief Executive Officer. Beginning with the taxable year ended December 31, 2008, Sentio Healthcare Properties, Inc. has elected to be taxed as a real estate investment trust (“REIT”).
	Sentio Healthcare Properties OP, LP, a Delaware limited partnership (the “Operating Partnership”), was formed on October 17, 2006. At September 30, 2014, we owned approximately 71% and Sentinel RE Investment Holdings LP, an affiliate of Kohlberg & Kravis Roberts & Co. L.P., (the “KKR Investor”) owned the remaining interest in the Operating Partnership. We anticipate that we will conduct substantially all of our operations through the Operating Partnership. Our financial statements and the financial statements of the Operating Partnership are consolidated in the accompanying consolidated financial statements. All intercompany accounts and transactions have been eliminated in consolidation.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	2. Summary of Significant Accounting Policies
	For more information regarding our significant accounting policies and estimates, please refer to “Summary of Significant Accounting Policies” contained in our Annual Report on Form 10-K for the year ended December 31, 2013.
	Principles of Consolidation and Basis of Presentation
	The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. In accordance with the guidance for the consolidation of variable interest entities (“VIEs”), we analyze our variable interests, including investments in partnerships and joint ventures, to determine if the entity in which we have a variable interest is a variable interest entity. Our analysis includes both quantitative and qualitative reviews, based on our review of the design of the entity, its organizational structure including decision-making ability, risk and reward sharing experience and financial condition of other partner(s), voting rights, involvement in day-to-day capital and operating decisions and financial agreements. We also use quantitative and qualitative analyses to determine if we must consolidate a variable interest entity as the primary beneficiary.
	Interim Financial Information
	The accompanying interim condensed consolidated financial statements have been prepared by our management in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conjunction with the rules and regulations of the SEC. Certain information and note disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the interim condensed consolidated financial statements do not include all of the information and notes required by GAAP for complete financial statements. The accompanying financial information reflects all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair presentation of our financial position, results of operations and cash flows for the interim periods. Operating results for the three and nine months ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. Our accompanying interim condensed consolidated financial statements should be read in conjunction with our audited condensed consolidated financial statements and the notes thereto included on our 2013 Annual Report on Form 10-K, as filed with the SEC.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Acquisitions	'
	3. Acquisitions
	St. Andrews Village
	On August 20, 2014, through a wholly-owned subsidiary, we acquired St. Andrews Village from ERB PROPCO SAV, LLC, which is not affiliated with us, for a purchase price of $42.5 million plus closing costs and expenses. St. Andrews Village is a senior living community that consists of 146 independent living units, 60 assisted living units, and 40 skilled nursing facility units in Aurora, Colorado. St. Andrews Village is leased to ERB OPCO SAV, LLC under the terms of a net lease with an initial term of 10 years. We funded the purchase of St. Andrews Village with $12.7 million in proceeds from the sale of preferred units of limited partnership interest in Sentio Healthcare Properties OP, L.P. to the KKR Investor, as further described in Note 10 and with $30.2 million in proceeds from a mortgage loan from CBRE Capital Markets, Inc., as further described in Note 9.
	Compass on the Bay Joint Venture
	On April 4, 2014, through wholly-owned subsidiaries, we invested approximately $5.4 million to acquire 95% of the respective equity interests in Sentio SLR Boston Portfolio, LLC (“Landlord LLC”) and Sentio SLR Boston TRS Portfolio, LLC (“Tenant LLC”) (collectively, we refer to the Landlord LLC and the Tenant LLC as the “SLR Joint Venture”). Landlord LLC, through its wholly-owned subsidiary, indirectly owns 100% of Compass on the Bay. Compass on the Bay has a total of 56 beds in 39 units, and provides both assisted living and memory care services. Tenant LLC owns 100% of the tenant entity that operates the Compass on the Bay licensed community residential care facility. Bay View of Boston Associates Limited Partnership, a Senior Living Residences (“SLR”) affiliate, invested approximately $0.3 million to acquire the remaining 5% equity interests in Landlord LLC and Tenant LLC. SLR specializes in the acquisition, development, and management of senior housing communities. Based in Massachusetts, SLR owns or operates 10 senior living facilities in the New England area. As a result of the structure described above, the Company controls Landlord LLC and Tenant LLC and consolidates these entities. We funded the purchase of our interest in Compass on the Bay with $5.4 million in proceeds from the sale of preferred units of limited partnership interest in our Operating Partnership to the KKR Investor as further described in Note 10, and an assumption of HUD debt in the amount of $6.3 million, net as further described in Note 9.
	The following summary provides the allocation of the acquired assets and liabilities of St. Andrews Village and the SLR Joint Venture as of the acquisition dates. We have accounted for the acquisitions as business combinations under GAAP. Under business combination accounting, the assets and liabilities of the acquired property were recorded at its respective fair value as of the acquisition date and consolidated in our financial statements. The details of the purchase price of the acquired properties are set forth below:
		St. Andrews		Compass on
		Village		the Bay
	Land	$	5,351,000	$	5,551,000
	Buildings and improvements		35,444,000		4,825,000
	Furniture, fixtures and vehicles		1,121,000		392,000
	Intangible assets		584,000		652,000
	Real estate acquisition	$	42,500,000	$	11,420,000
	Acquisition expenses	$	704,000	$	289,000
	The following unaudited pro forma information for the nine month periods ended September 30, 2014 and 2013 have been prepared to reflect the incremental effect of the St. Andrews Village and Compass on the Bay acquisitions as if such acquisitions had occurred on January 1, 2013. We have not adjusted the proforma information for any items that may be directly attributable to the business combination or are non-recurring in nature.
		Period ended		Period ended
		September 30, 2014		September 30, 2013
	Revenues	$	61,778,000	$	49,328,000
	Net (loss) income	$	-528,000	$	4,788,000
	Basic and diluted net (loss) income per common share attributable to common stockholders	$	-0.04	$	0.38
	The Company recorded revenues of $1.7 million and a net loss of $0.4 million for the nine month period ended September 30, 2014 for the Compass on the Bay acquisition.
	The Company recorded revenues of $0.5 million and a net loss of $0.5 million for the nine month period ended September 30, 2014 for the St. Andrews Village acquisition.

Investments_in_Real_Estate

Investments in Real Estate	9 Months Ended
	Sep. 30, 2014
Investments In Real Estate [Abstract]	'
Investments in Real Estate	'
	4. Investments in Real Estate
	As of September 30, 2014, accumulated depreciation and amortization related to real estate assets and related lease intangibles were as follows:
		Land		Buildings and		Furniture, fixtures, and		Intangible
				improvements		equipment		lease assets
	Cost	$	39,462,000	$	247,653,000	$	9,401,000	$	22,750,000
	Accumulated depreciation and amortization		-		-19,132,000		-3,728,000		-15,160,000
	Net	$	39,462,000	$	228,521,000	$	5,673,000	$	7,590,000
	As of December 31, 2013, accumulated depreciation and amortization related to real estate assets and related lease intangibles were as follows:
		Land		Buildings and		Furniture, fixtures, and		Intangible
				improvements		equipment		lease assets
	Cost	$	28,561,000	$	206,720,000	$	7,505,000	$	21,515,000
	Accumulated depreciation and amortization		-		-14,225,000		-2,762,000		-12,095,000
	Net	$	28,561,000	$	192,495,000	$	4,743,000	$	9,420,000
	Depreciation expense associated with buildings and improvements, site improvements and furniture and fixtures for the three months ended September 30, 2014 and 2013 was approximately $2.1 million and $1.4 million, respectively. Depreciation expense associated with buildings and improvements, site improvements and furniture and fixtures for the nine months ended September 30, 2014 and 2013 was approximately $5.9 million and $4.3 million, respectively.
	Amortization associated with intangible assets for the three months ended September 30, 2014 and 2013 was $0.7 million and $0.1 million, respectively. Amortization associated with intangible assets for the nine months ended September 30, 2014 and 2013 was $3.0 million and $2.0 million, respectively.
	Estimated amortization for October 1, 2014 through December 31, 2014 and each of the subsequent years is as follows:
		Intangible
		assets
	October 1, 2014 - December 1, 2014	$	686,000
	2015		558,000
	2016		558,000
	2017		558,000
	2018		489,000
	2019 and thereafter		4,741,000
	The estimated useful lives for intangible assets range from approximately one to 22 years. As of September 30, 2014, the weighted-average amortization period for intangible assets was 16 years.

Investments_in_Unconsolidated_

Investments in Unconsolidated Entities	9 Months Ended
	Sep. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Investments In Unconsolidated Entities	'
	5. Investments in Unconsolidated Entities
	As of September 30, 2014, the Company owns interests in the following entities that are accounted for under the equity method of accounting:
	Entity (1)		Property Type		Acquired		Investment  (2)				Ownership %
	Physicians Center MOB		Medical Office Building		Apr-12		$	487,000				71.9	%
	Buffalo Crossing		Assisted-Living Facility		Jan-14			1,161,000				25	%
							$	1,648,000
		-1	These entities are not consolidated because the Company exercises significant influence, but does not control or direct the activities that most significantly impact the entity’s performance.
		-2	Represents the carrying value of the Company’s investment in the unconsolidated entities.
	Summarized combined financial information for the Company’s unconsolidated entities is as follows:
			September 30,			December 31,
			2014			2013
	Cash and cash equivalents		$	217,000		$	97,000
	Investments in real estate, net			16,203,000			8,888,000
	Other assets			593,000			359,000
	Total assets		$	17,013,000		$	9,344,000
	Notes payable		$	11,075,000		$	7,472,000
	Accounts payable and accrued liabilities			1,080,000			73,000
	Other liabilities			250,000			52,000
	Total stockholders’ equity			4,608,000			1,747,000
	Total liabilities and equity		$	17,013,000		$	9,344,000
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014  (1)(2)			2013  (2)(3)			2014  (1)(2)			2013  (2)(3)
	Total revenues		$	444,000		$	505,000		$	1,233,000		$	1,898,000
	Net loss			-75,000			-81,000			-348,000			-22,000
	Company’s equity in loss (income) from unconsolidated entities			50,000			56,000			249,000			-24,000
		-1	On January 28, 2014, through a wholly-owned subsidiary, we acquired a 25% interest in a joint venture entity that will develop Buffalo Crossing, a 108-unit, assisted living community. Buffalo Crossing was accounted for under the equity method of accounting beginning with the first quarter of 2014.
		-2	The Physicians Centre MOB joint venture was acquired in April 2012 and was accounted for under the equity method of accounting beginning with the second quarter of 2012.
		-3	Littleton Specialty Rehabilitation Facility was completed in April 2012 and the single tenant began paying rent in July 2012, in accordance with the lease. Tenant operations commenced upon licensure of the facility in July 2012 and Littleton Specialty Rehabilitation Facility was accounted for under the equity method of accounting. On December 17, 2012, our joint venture partner notified the Company of their intent to exercise their promote monetization right. The Company elected to satisfy the monetization provision through a sale of the property. The property was sold on August 8, 2013.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	6. Income Taxes
	For federal income tax purposes, we have elected to be taxed as a real estate investment trust under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), beginning with our taxable year ended December 31, 2008. REIT status imposes limitations related to operating assisted-living properties. Generally, to qualify as a REIT, we cannot directly operate assisted-living facilities. However, such facilities may generally be operated by a taxable REIT subsidiary (“TRS”) pursuant to a lease with the Company. Therefore, we have formed Master HC TRS, LLC (“Master TRS”), a wholly owned subsidiary of HC Operating Partnership, LP, to lease any assisted-living properties we acquire and to operate the assisted-living properties pursuant to contracts with unaffiliated management companies. Master TRS and the Company have made the applicable election for Master TRS to qualify as a TRS. Under the management contracts, the management companies have direct control of the daily operations of these assisted-living properties.
	Each TRS is a tax paying component for purposes of classifying deferred tax assets and liabilities. We record net deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. In the event we were to determine that we would not be able to realize our deferred income tax assets in the future in excess of their net recorded amount, we would establish a valuation allowance which would reduce the provision for income taxes.
	The Master TRS recognized a $0.1 million benefit and a $0.1 million expense for Federal and State income taxes in the three months ended September 30, 2014 and 2013, respectively, and a $0.4 million benefit and a $0.1 million benefit for Federal and State income taxes in the nine months ended September 30, 2014 and 2013, respectively, which have been recorded in general and administrative expenses. Net deferred tax assets related to the TRS entities totaled approximately $2.6 million at September 30, 2014 and $1.9 million at December 31, 2013, respectively, related primarily to book and tax basis differences for prepaid rent, straight-line rent and accrued liabilities. Realization of these deferred tax assets is dependent in part upon generating sufficient taxable income in future periods. These deferred tax assets are included in deferred costs and other assets in our condensed consolidated balance sheets. We have not recorded a valuation allowance against our deferred tax assets as of September 30, 2014, as we have determined that the future projected taxable income from the operations of the TRS entities are sufficient to cover the additional future expenses resulting from these book tax differences.

Segment_Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
	7. Segment Reporting
	As of September 30, 2014, we operated in three reportable business segments: senior living operations, triple-net leased properties, and medical office building (“MOB”) properties. Our senior living operations segment primarily consists of investments in senior housing communities located in the United States for which we engage independent third-party managers. Our triple-net leased properties segment consists of investments in skilled nursing and hospital facilities in the United States. These facilities are leased to healthcare operating companies under long-term “triple-net” or “absolute-net” leases, which require the tenants to pay all property-related expenses. Our medical office building operations segment primarily consists of investing in medical office buildings and leasing those properties to healthcare providers under long-term leases, which may require tenants to pay property-related expenses.
	We evaluate performance of the combined properties in each segment based on net operating income. Net operating income is defined as total revenue less property operating and maintenance expenses. There are no intersegment sales or transfers. We use net operating income to evaluate the operating performance of our real estate investments and to make decisions concerning the operation of the property. We believe that net operating income is useful to investors in understanding the value of income-producing real estate. Net income is the GAAP measure that is most directly comparable to net operating income; however, net operating income should not be considered as an alternative to net income as the primary indicator of operating performance as it excludes certain items such as depreciation and amortization, asset management fees and expenses, real estate acquisition costs, interest expense and corporate general and administrative expenses. Additionally, net operating income as we define it may not be comparable to net operating income as defined by other REITs or companies.
	The following tables reconcile the segment activity to consolidated net income for the three and nine months ended September 30, 2014 and 2013:
		Three Months Ended September 30, 2014								Three Months Ended September 30, 2013
		Senior living		Triple-net		Medical office		Consolidated		Senior living		Triple-net		Medical office		Consolidated
		operations		leased		building		by Segment		operations		leased		building		by Segment
				properties								properties
	Rental revenue	$	10,706,000	$	1,780,000	$	213,000	$	12,699,000	$	6,976,000	$	1,309,000	$	214,000	$	8,499,000
	Resident services and fee income		7,247,000		-		-		7,247,000		6,195,000		-		-		6,195,000
	Tenant reimbursements and other income		112,000		201,000		81,000		394,000		103,000		226,000		74,000		403,000
		$	18,065,000	$	1,981,000	$	294,000	$	20,340,000	$	13,274,000	$	1,535,000	$	288,000	$	15,097,000
	Property operating and maintenance		12,314,000		178,000		78,000		12,570,000		8,875,000		227,000		79,000		9,181,000
	Net operating income	$	5,751,000	$	1,803,000	$	216,000	$	7,770,000	$	4,399,000	$	1,308,000	$	209,000	$	5,916,000
	General and administrative								283,000								523,000
	Asset management fees and expenses								1,045,000								732,000
	Real estate acquisition costs								762,000								-
	Depreciation and amortization								2,785,000								1,528,000
	Interest expense, net								2,535,000								2,031,000
	Equity in loss from unconsolidated entities								50,000								56,000
	Gain on disposition of investment in unconsolidated entity								-								-1,701,000
	Net income							$	310,000							$	2,747,000
		Nine Months Ended September 30, 2014								Nine Months Ended September 30, 2013
		Senior living		Triple-net		Medical office		Consolidated		Senior living		Triple-net		Medical office		Consolidated
		operations		leased		building		by Segment		operations		leased		building		by Segment
				properties								properties
	Rental revenue	$	30,862,000	$	4,399,000	$	640,000	$	35,901,000	$	20,805,000	$	3,928,000	$	640,000	$	25,373,000
	Resident services and fee income		21,454,000		-		-		21,454,000		18,115,000		-		-		18,115,000
	Tenant reimbursements and other income		305,000		573,000		234,000		1,112,000		328,000		663,000		221,000		1,212,000
		$	52,621,000	$	4,972,000	$	874,000	$	58,467,000	$	39,248,000	$	4,591,000	$	861,000	$	44,700,000
	Property operating and maintenance		36,257,000		617,000		226,000		37,100,000		25,987,000		682,000		230,000		26,899,000
	Net operating income	$	16,364,000	$	4,355,000	$	648,000	$	21,367,000	$	13,261,000	$	3,909,000	$	631,000	$	17,801,000
	General and administrative								938,000								1,186,000
	Asset management fees and expenses								2,986,000								2,125,000
	Real estate acquisition costs								1,108,000								-
	Depreciation and amortization								8,896,000								6,317,000
	Interest expense, net								7,138,000								6,121,000
	Equity in loss (income) from unconsolidated entities								249,000								-24,000
	Gain on disposition of investment in unconsolidated entity								-								-1,701,000
	Net income							$	52,000							$	3,777,000
	The following table reconciles the segment activity to consolidated financial position as of September 30, 2014 and December 31, 2013.
		September 30,		December 31,
		2014		2013
	Assets
	Investments in real estate:
	Senior living operations	$	190,280,000	$	185,116,000
	Triple-net leased properties		83,347,000		42,248,000
	Medical office building		7,619,000		7,855,000
	Total reportable segments	$	281,246,000	$	235,219,000
	Reconcilation to consolidated assets:
	Cash and cash equivalents		20,121,000		21,792,000
	Deferred financing costs, net		2,398,000		1,966,000
	Investment in unconsolidated entities		1,648,000		1,297,000
	Tenant and other receivables, net		3,796,000		3,204,000
	Deferred costs and other assets		5,084,000		3,469,000
	Restricted cash		4,868,000		3,930,000
	Goodwill		5,965,000		5,965,000
	Total assets	$	325,126,000	$	276,842,000
	As of September 30, 2014 and December 31, 2013, goodwill had a balance of approximately $6.0 million, all of which related to the senior living operations segment. The Company historically has not recorded any impairment charges for goodwill.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	8. Fair Value Measurements
	The Financial Accounting Standards Board (the “FASB”) Accounting Standards Codification (“ASC”) 825-10, “Financial Instruments”, requires the disclosure of fair value information about financial instruments, whether or not recognized on the face of the balance sheet, for which it is practical to estimate that value. In May 2011, the FASB issued ASU 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS (“ASU 2011-04”). The amendments in this update result in additional fair value measurement and disclosure requirements within U.S. GAAP and International Financial Reporting Standards and change the wording used to describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements.
	Level 1.  Quoted prices in active markets for identical instruments.
	Level 2.  Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
	Level 3.  Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
	Assets and liabilities measured at fair value are classified according to the lowest level input that is significant to their valuation. A financial instrument that has a significant unobservable input along with significant observable inputs may still be classified as a Level 3 instrument.
	We generally determine or calculate the fair value of financial instruments using quoted market prices in active markets when such information is available or using appropriate present value or other valuation techniques, such as discounted cash flow analyses, incorporating available market discount rate information for similar types of instruments and our estimates for non-performance and liquidity risk. These techniques are significantly affected by the assumptions used, including the discount rate, credit spreads, and estimates of future cash flow.
	Our balance sheets include the following financial instruments: cash and cash equivalents, tenant and other receivables, restricted cash, prepaid rent and security deposits, accounts payable and accrued liabilities, distributions payable, and notes payable. We consider the carrying values of our financial instruments, other than notes payable, to approximate fair value because they generally expose the Company to limited credit risk and because of the short period of time between origination of the financial assets and liabilities and their expected settlement.
	The fair value of the Company’s notes payable is estimated by discounting future cash flows of each instrument at rates that reflect the current market rates available to the Company for debt of the same terms and maturities. The fair value of the notes payable was determined using Level 2 inputs of the fair value hierarchy. Based on the estimates used by the Company, the fair value of notes payable was $217.4 million and $178.4 million, compared to the carrying values of $218.8 million ($218.9 million, including premium) and $181.3 million ($181.7 million, including premium) at September 30, 2014 and December 31, 2013, respectively.
	There were no transfers between Level 1 or 2 during the three and nine months ended September 30, 2014.

Notes_Payable

Notes Payable	9 Months Ended
	Sep. 30, 2014
Notes Payable [Abstract]	'
Notes Payable	'
	9. Notes Payable
	Notes payable were $218.8 million ($218.9 million, including premium) and $181.3 million ($181.7 million, including premium) as of September 30, 2014 and December 31, 2013, respectively. As of September 30, 2014, we had fixed and variable rate secured mortgage loans with effective interest rates ranging from 2.80% to 6.50% per annum and a weighted average effective interest rate of 4.51% per annum. As of September 30, 2014, notes payable consisted of $163.6 million of fixed rate debt, or approximately 75% of notes payable, at a weighted average interest rate of 4.95% per annum and $55.2 million of variable rate debt, or approximately 25% of notes payable, at a weighted average interest rate of 3.19% per annum. As of December 31, 2013, we had $150.0 million of fixed rate debt, or 83% of notes payable, at a weighted average interest rate of 5.17% per annum and $31.3 million of variable rate debt, or 17% of notes payable, at a weighted average interest rate of 3.68% per annum.
	We are required by the terms of the applicable loan documents to meet certain financial covenants, such as debt service coverage ratios, rent coverage ratios and reporting requirements with the exception of Woodbury Mews. As of September 30, 2014, we were in compliance with all such covenants and requirements. At September 30, 2014, the average Woodbury Mews occupancy was below the minimum loan requirement, violating a covenant of this loan. Our lender has waived compliance with this covenant for the quarter ended September 30, 2014.
	Principal payments due on our notes payable for October 1, 2014 to December 31, 2014 and each of the subsequent years is as follows:
	Year	Principal amount
	October 1, 2014 to December 31, 2014	$	846,000
	2015		34,055,000
	2016		2,954,000
	2017		14,664,000
	2018		27,289,000
	2019 and thereafter		138,997,000
		$	218,805,000
	Add: premium		66,000
		$	218,871,000
	On April 4, 2014, the Company acquired a 95% interest in the SLR Joint Venture subject to existing indebtedness of two loans that totaled approximately $6.3 million. The Company assumed a note payable in the amount of approximately $3.9 million with the rate of interest fixed at 3.32% and a 35 year term. In addition, the Company assumed a loan payable in the amount of approximately $2.7 million with the rate of interest fixed at 5.65% and a 35 year term. These notes payable are secured by the underlying real estate.
	On August 19, 2014, in connection with the acquisition of St. Andrews Village, we entered into a mortgage agreement with CBRE Capital Markets, Inc., an unaffiliated lender, with an outstanding principal balance of approximately $30.2 million, which is secured by St. Andrews Village. The Loan has a term of nine years with the first two years at a floating interest rate of the one month LIBOR plus 3.07% and the remaining seven years at a fixed rate of interest of 4.64%. Loan payments are interest only for the first four years and thereafter include principal amortization based on a 30-year amortization period.
	Interest Expense and Deferred Financing Cost
	For the three months ended September 30, 2014 and 2013, the Company incurred interest expense, including amortization of deferred financing costs of $2.5 million and $2.0 million, respectively. For the nine months ended September 30, 2014 and 2013, the Company incurred interest expense, including amortization of deferred financing costs of $7.1 million and $6.1 million, respectively. As of September 30, 2014 and December 31, 2013, the Company’s net deferred financing costs were approximately $2.4 million and $2.0 million, respectively. All deferred financing costs are capitalized and amortized over the life of the respective loan agreement.

Stockholders_Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity	'
	10. Stockholders’ Equity
	Common Stock
	Our charter authorizes the issuance of 580,000,000 shares of common stock with a par value of $0.01 per share and 20,000,000 shares of preferred stock with a par value of $0.01 per share. As of September 30, 2014 and December 31, 2013, including distributions reinvested, we had issued approximately 13.3 million shares of common stock for a total of approximately $132.3 million of gross proceeds, respectively, in our initial and follow-on public offerings.
	On April 10, 2014, we announced the commencement of an issuer tender offer to purchase for cash up to $35 million of our issued and outstanding shares of common stock from stockholders at a price of $8.50 per share. On May 22, 2014, we amended the tender offer to increase the purchase price to $9.00 per share and to extend the tender offer expiration date. The tender offer expired on June 12, 2014. We purchased 1,113,213 shares of our common stock pursuant to the tender offer for an aggregate cost of approximately $10.0 million, excluding fees and expenses related to the tender offer paid by the Company. The tender offer was funded by a sale of Series B Preferred Units to the KKR Investor on June 18, 2014 which is further discussed below, and the remainder from the Company’s existing cash.
	Distributions
	The following are the distributions declared during the nine months ended September 30, 2014 and 2013:
		Distributions Declared						Cash Flow from
	Period	Cash		Reinvested		Total		Operations
	First quarter 2013	$	1,493,000	$	-	$	1,493,000	$	2,643,000
	Second quarter 2013		1,585,000		-		1,585,000		2,522,000
	Third quarter 2013		1,544,000		52,000		1,596,000		2,413,000
	First quarter 2014		1,486,000		69,000		1,555,000		3,652,000
	Second quarter 2014		1,452,000		88,000		1,540,000		2,852,000
	Third quarter 2014		1,354,000		91,000		1,445,000		3,602,000
	Beginning October 1, 2012, our board of directors declared distributions for daily record dates occurring in the first and second quarters of 2013 in amounts per share that, if declared and paid each day for a 365 -day period, would equate to an annualized rate of $0.475 per share (4.75% based on share price of $10.00). Beginning April 1, 2013, our board of directors declared distributions for daily record dates occurring in each quarter of 2014 in amounts per share that, if declared and paid each day for a 365-day period, would equate to an annualized rate of $0.50 per share (5.00% based on a share price of $10.00).
	The declaration of distributions is at the discretion of our board of directors and our board will determine the amount of distributions on a regular basis. The amount of distributions will depend on our funds from operations, financial condition, capital requirements, annual distribution requirements under the REIT provisions of the Internal Revenue Code and other factors our board of directors deems relevant.
	Stock Repurchase Program
	In 2007, we adopted a stock repurchase program for investors who had held their shares for at least one year. Under our stock repurchase program, the repurchase price varied depending on the purchase price paid by the stockholder and the number of years the shares are held. Our board of directors may amend, suspend or terminate the program at any time with 30 days prior notice to stockholders. We have no obligation to repurchase our stockholders’ shares. In 2009, our board of directors waived the one-year holding period in the event of the death of a stockholder and adjusted the repurchase price to 100% of such stockholder’s purchase price if the stockholder held the shares for less than three years.
	On April 29, 2011, we informed our stockholders that our Independent Directors Committee had directed us to suspend our public offering, our dividend reinvestment program and our stock repurchase program (except for repurchases due to death). As a result our stock repurchase program has been suspended since May 29, 2011 for all repurchases, except repurchases due to death of a stockholder.
	On March 31, 2014, we informed our stockholders of the suspension of the share repurchase program following the March 2014 redemption date. The Company redeemed all stock repurchase requests received prior to March 31, 2014 due to death. Thereafter no shares will be repurchased until the repurchase program is reinstated.
	During the three and nine months ended September 30, 2014, we repurchased shares pursuant to our stock repurchase program as follows:
	Period	Total Number		Price Paid
		of Shares		per Share
		Redeemed
	First quarter 2014		6,000	$	11.63
	Second quarter 2014		43,962		11.63
	Third quarter 2014		-		-
	Preferred Stock and OP Units
	As of September 30, 2014 and December 31, 2013 we had issued 1,000 and 1,000 shares of Series C Preferred Stock and 461,570 and 193,000 Series B Preferred Convertible Operating Partnership Units to the KKR Investor for gross proceeds of $46.2 million and $19.4 million, respectively. The Series B Preferred Convertible Operating Partnership Units outstanding are classified within noncontrolling interests and are convertible into approximately 4,606,487 shares of the Company’s common stock.
	The Series C Preferred Stock ranks senior to the Company’s common stock with respect to dividend rights and rights on liquidation. The holders of the Series C Preferred Stock are entitled to receive dividends, as and if authorized by our board of directors out of funds legally available for that purpose, at an annual rate equal to 3% of the liquidation preference for each share. Dividends on the Series C Preferred Stock are payable annually in arrears.
	The Series B Preferred Units rank senior to the Operating Partnership’s common units with respect to distribution rights and rights on liquidation. The Series B Preferred Units are entitled to receive cash distributions at an annual rate equal to 7.5% of the Series B liquidation preference to any distributions paid to common units of the Operating Partnership for the three and nine months ended September 30, 2014, the Company paid distributions on the Series B Preferred units in the amount of $0.7 million and $1.6 million, respectively. If the Operating Partnership is unable to pay cash distributions, distributions will be paid in kind at an annual rate of 10% of the Series B liquidation preference. After payment of the preferred distributions, additional distributions will be paid first to the common units until they have received an aggregate return of 7.5% per unit in annual distributions commencing from February 10, 2013, and thereafter to the common units and Series B Preferred Units pro rata.
	After giving effect to the Series C Preferred Stock and Series B Preferred Units issued at September 30, 2014, 1,124,690 Series B Preferred Units remained issuable under the Purchase Agreement. The obligation of the Investor to purchase additional Series B Preferred Units under the Purchase Agreement is conditioned upon, among other things, the receipt of notice from us of the intention to sell a specified amount of securities to the Investor to finance a proposed real estate acquisition.
	On April 4, 2014, in connection with a put exercise to the KKR Investor, we issued 54,000 Series B Preferred Units in our Operating Partnership to the KKR Investor for proceeds of $5.4 million, which are convertible into approximately 538,922 shares of the Company’s common stock at the currently effective conversion price.
	On June 18, 2014, in connection with a put exercise to the KKR Investor, we issued 87,260 Series B Preferred Units in our Operating Partnership to the KKR Investor for proceeds of $8.7 million, which are convertible into approximately 870,858 shares of the Company’s common stock at the currently effective conversion price.
	On August 14, 2014, in connection with a put exercise to the KKR Investor, we issued 127,310 Series B Preferred Units in our Operating Partnership to the KKR Investor for proceeds of $12.7 million, which are convertible into approximately 1,270,559 shares of the Company’s common stock at the currently effective conversion price.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	11. Earnings Per Share
	We report earnings (loss) per share pursuant to ASC Topic 260, “ Earnings per Share .” Basic earnings (loss) per share attributable for all periods presented are computed by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of our common stock outstanding during the period. Diluted earnings (loss) per share are computed based on the weighted average number of shares of our common stock and all potentially dilutive securities, if any. The Series B Preferred Units give rise to potentially dilutive securities of our common stock. As of September 30, 2014 there were 461,570 Series B Preferred Units outstanding, but such units were excluded from the computation of diluted earnings per share because such shares were anti-dilutive during these periods.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	12. Related Party Transactions
	The Company has no employees. Our Advisor is primarily responsible for managing our business affairs and carrying out the policies established by our board of directors. We are party to an advisory agreement that entitles the Advisor to specified fees upon the provision of certain services to us.
	Advisory Agreement and Transition to Internal Management Agreement
	Sentio Investments, LLC became our Advisor on January 1, 2012, pursuant to an advisory agreement dated December 22, 2011. As required by our charter, that advisory agreement had a one-year term that ended on December 31, 2012. Effective January 1, 2013, we renewed the advisory agreement on substantially similar terms for an additional one-year term ending on December 31, 2013. Effective January 1, 2014, we renewed the advisory agreement for an additional one-year term ending on December 31, 2014 upon similar terms except to the extent amended by the Transition Agreement (defined below).
	Under the terms of the current advisory agreement, the Advisor is required to use commercially reasonable efforts to present to us investment opportunities to provide a continuing and suitable investment program consistent with the investment policies and objectives adopted by our board of directors. The advisory agreement calls for the Advisor to provide for our day-to-day management and to retain property managers and leasing agents, subject to the authority of our board of directors, and to perform other duties.
	On February 10, 2013, in connection with the initial execution of the transactions with the KKR Investor (See Note 10), we entered into a Transition to Internal Management Agreement (the “Transition Agreement”) with our Advisor and the KKR Investor. The Transition Agreement provides, following the satisfaction of certain conditions, for certain amendments to the advisory agreement between us and the Advisor and sets forth the terms for our transition to an internal management structure.
	The terms of our advisory agreement with our Advisor and the terms of the Transition Agreement are more fully outlined in our Annual Report on Form 10-K for the year ended December 31, 2012 and in the proxy statement related to our 2013 annual meeting of stockholders as filed with the SEC on April 9, 2013.
	The fees payable to the Advisor under the advisory agreement for the three and nine months ended September 30, 2014 and September 30, 2013 were as follows:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Asset management fees	$	1,045,000	$	732,000	$	2,986,000	$	2,125,000
	Consistent with limitations set forth in our charter, the advisory agreement further provides that, commencing four fiscal quarters after the acquisition of our first real estate asset, we shall not reimburse the Advisor at the end of any fiscal quarter management fees and expenses and operating expenses that, in the four consecutive fiscal quarters then ended exceed (the “Excess Amount”) the greater of 2% of our average invested assets or 25% of our net income for such year (the “2%/25% Guidelines”) unless the Independent Directors Committee of our board of directors determines that such excess was justified, based on unusual and nonrecurring factors which it deems sufficient. If the Independent Directors Committee does not approve such excess as being so justified, the advisory agreement requires that any Excess Amount paid to the Advisor during a fiscal quarter shall be repaid to the Company. In addition, our charter provides that, if the Independent Directors Committee does not determine that the Excess Amount is justified, the Advisor shall reimburse us the amount by which the aggregate annual expenses paid to the Advisor during the four consecutive fiscal quarters then ended exceed the 2%/25% Guidelines.
	For the four fiscal quarters ended September 30, 2014, our management fees and expenses and operating expenses totaled did not exceed the greater of 2% of our average invested assets and 25% of our net income.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	13. Commitments and Contingencies
	We monitor our properties for the presence of hazardous or toxic substances. We are not currently aware of any environmental liability with respect to the properties that we believe would have a material effect on our financial condition, results of operations and cash flows. Further, we are not aware of any environmental liability or any unasserted claim or assessment with respect to an environmental liability that we believe would require additional disclosure or the recording of a loss contingency.
	Our commitments and contingencies include the usual obligations of real estate owners and operators in the normal course of business. In the opinion of management, these matters are not expected to have a material impact on our condensed consolidated financial position, cash flows and results of operations. We are not presently subject to any material litigation nor, to our knowledge, is any material litigation threatened against the Company which if determined unfavorably to us would have a material adverse effect on our cash flows, financial condition or results of operations.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	14. Subsequent Events
	On October 2, 2014, through a wholly-owned subsidiary, we invested approximately $3.5 million to acquire a 65% noncontrolling interest in a joint venture entity that will develop The Parkway in Blue Springs, Missouri. O’Reilly Development Company, which is not affiliated with us, is the property developer and our joint venture partner in the $22.4 million project. The Parkway will offer a continuum of care including independent living, assisted living, and memory care with a total of 142 units. We funded our investment in the joint venture from available cash.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Summary Of Significant Accounting Policies [Abstract]	'
Principles of Consolidation and Basis of Presentation	'
	Principles of Consolidation and Basis of Presentation
	The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. In accordance with the guidance for the consolidation of variable interest entities (“VIEs”), we analyze our variable interests, including investments in partnerships and joint ventures, to determine if the entity in which we have a variable interest is a variable interest entity. Our analysis includes both quantitative and qualitative reviews, based on our review of the design of the entity, its organizational structure including decision-making ability, risk and reward sharing experience and financial condition of other partner(s), voting rights, involvement in day-to-day capital and operating decisions and financial agreements. We also use quantitative and qualitative analyses to determine if we must consolidate a variable interest entity as the primary beneficiary.
Interim Financial Information	'
	Interim Financial Information
	The accompanying interim condensed consolidated financial statements have been prepared by our management in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conjunction with the rules and regulations of the SEC. Certain information and note disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the interim condensed consolidated financial statements do not include all of the information and notes required by GAAP for complete financial statements. The accompanying financial information reflects all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair presentation of our financial position, results of operations and cash flows for the interim periods. Operating results for the three and nine months ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. Our accompanying interim condensed consolidated financial statements should be read in conjunction with our audited condensed consolidated financial statements and the notes thereto included on our 2013 Annual Report on Form 10-K, as filed with the SEC.

Acquisitions_Tables

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Schedule of Business Acquisitions, by Acquisition	'
	The details of the purchase price of the acquired properties are set forth below:
		St. Andrews		Compass on
		Village		the Bay
	Land	$	5,351,000	$	5,551,000
	Buildings and improvements		35,444,000		4,825,000
	Furniture, fixtures and vehicles		1,121,000		392,000
	Intangible assets		584,000		652,000
	Real estate acquisition	$	42,500,000	$	11,420,000
	Acquisition expenses	$	704,000	$	289,000
Business Acquisition, Pro Forma Information	'
	We have not adjusted the proforma information for any items that may be directly attributable to the business combination or are non-recurring in nature.
		Period ended		Period ended
		September 30, 2014		September 30, 2013
	Revenues	$	61,778,000	$	49,328,000
	Net (loss) income	$	-528,000	$	4,788,000
	Basic and diluted net (loss) income per common share attributable to common stockholders	$	-0.04	$	0.38

Investments_in_Real_Estate_Tab

Investments in Real Estate (Tables)	9 Months Ended
	Sep. 30, 2014
Investments In Real Estate [Abstract]	'
Schedule Of Cost and Accumulated Depreciation and Amortization Related To Real Estate Assets and Related Lease Intangibles	'
	As of September 30, 2014, accumulated depreciation and amortization related to real estate assets and related lease intangibles were as follows:
		Land		Buildings and		Furniture, fixtures, and		Intangible
				improvements		equipment		lease assets
	Cost	$	39,462,000	$	247,653,000	$	9,401,000	$	22,750,000
	Accumulated depreciation and amortization		-		-19,132,000		-3,728,000		-15,160,000
	Net	$	39,462,000	$	228,521,000	$	5,673,000	$	7,590,000
	As of December 31, 2013, accumulated depreciation and amortization related to real estate assets and related lease intangibles were as follows:
		Land		Buildings and		Furniture, fixtures, and		Intangible
				improvements		equipment		lease assets
	Cost	$	28,561,000	$	206,720,000	$	7,505,000	$	21,515,000
	Accumulated depreciation and amortization		-		-14,225,000		-2,762,000		-12,095,000
	Net	$	28,561,000	$	192,495,000	$	4,743,000	$	9,420,000
Schedule of Finite Lived Intangible Assets Future Amortization Expense	'
	Estimated amortization for October 1, 2014 through December 31, 2014 and each of the subsequent years is as follows:
		Intangible
		assets
	October 1, 2014 - December 1, 2014	$	686,000
	2015		558,000
	2016		558,000
	2017		558,000
	2018		489,000
	2019 and thereafter		4,741,000

Investments_in_Unconsolidated_1

Investments in Unconsolidated Entities (Tables)	9 Months Ended
	Sep. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Schedule of Equity Method Accounting	'
	As of September 30, 2014, the Company owns interests in the following entities that are accounted for under the equity method of accounting:
	Entity (1)		Property Type		Acquired		Investment  (2)				Ownership %
	Physicians Center MOB		Medical Office Building		Apr-12		$	487,000				71.9	%
	Buffalo Crossing		Assisted-Living Facility		Jan-14			1,161,000				25	%
							$	1,648,000
		-1	These entities are not consolidated because the Company exercises significant influence, but does not control or direct the activities that most significantly impact the entity’s performance.
		-2	Represents the carrying value of the Company’s investment in the unconsolidated entities.
Schedule of Combined Financial Information For Unconsolidated Entities	'
	Summarized combined financial information for the Company’s unconsolidated entities is as follows:
			September 30,			December 31,
			2014			2013
	Cash and cash equivalents		$	217,000		$	97,000
	Investments in real estate, net			16,203,000			8,888,000
	Other assets			593,000			359,000
	Total assets		$	17,013,000		$	9,344,000
	Notes payable		$	11,075,000		$	7,472,000
	Accounts payable and accrued liabilities			1,080,000			73,000
	Other liabilities			250,000			52,000
	Total stockholders’ equity			4,608,000			1,747,000
	Total liabilities and equity		$	17,013,000		$	9,344,000
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			2014  (1)(2)			2013  (2)(3)			2014  (1)(2)			2013  (2)(3)
	Total revenues		$	444,000		$	505,000		$	1,233,000		$	1,898,000
	Net loss			-75,000			-81,000			-348,000			-22,000
	Company’s equity in loss (income) from unconsolidated entities			50,000			56,000			249,000			-24,000
		-1	On January 28, 2014, through a wholly-owned subsidiary, we acquired a 25% interest in a joint venture entity that will develop Buffalo Crossing, a 108-unit, assisted living community. Buffalo Crossing was accounted for under the equity method of accounting beginning with the first quarter of 2014.
		-2	The Physicians Centre MOB joint venture was acquired in April 2012 and was accounted for under the equity method of accounting beginning with the second quarter of 2012.
		-3	Littleton Specialty Rehabilitation Facility was completed in April 2012 and the single tenant began paying rent in July 2012, in accordance with the lease. Tenant operations commenced upon licensure of the facility in July 2012 and Littleton Specialty Rehabilitation Facility was accounted for under the equity method of accounting. On December 17, 2012, our joint venture partner notified the Company of their intent to exercise their promote monetization right. The Company elected to satisfy the monetization provision through a sale of the property. The property was sold on August 8, 2013.

Segment_Reporting_Tables

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Reconciliation of segment activity to consolidated net income (loss)	'
	The following tables reconcile the segment activity to consolidated net income for the three and nine months ended September 30, 2014 and 2013:
		Three Months Ended September 30, 2014								Three Months Ended September 30, 2013
		Senior living		Triple-net		Medical office		Consolidated		Senior living		Triple-net		Medical office		Consolidated
		operations		leased		building		by Segment		operations		leased		building		by Segment
				properties								properties
	Rental revenue	$	10,706,000	$	1,780,000	$	213,000	$	12,699,000	$	6,976,000	$	1,309,000	$	214,000	$	8,499,000
	Resident services and fee income		7,247,000		-		-		7,247,000		6,195,000		-		-		6,195,000
	Tenant reimbursements and other income		112,000		201,000		81,000		394,000		103,000		226,000		74,000		403,000
		$	18,065,000	$	1,981,000	$	294,000	$	20,340,000	$	13,274,000	$	1,535,000	$	288,000	$	15,097,000
	Property operating and maintenance		12,314,000		178,000		78,000		12,570,000		8,875,000		227,000		79,000		9,181,000
	Net operating income	$	5,751,000	$	1,803,000	$	216,000	$	7,770,000	$	4,399,000	$	1,308,000	$	209,000	$	5,916,000
	General and administrative								283,000								523,000
	Asset management fees and expenses								1,045,000								732,000
	Real estate acquisition costs								762,000								-
	Depreciation and amortization								2,785,000								1,528,000
	Interest expense, net								2,535,000								2,031,000
	Equity in loss from unconsolidated entities								50,000								56,000
	Gain on disposition of investment in unconsolidated entity								-								-1,701,000
	Net income							$	310,000							$	2,747,000
		Nine Months Ended September 30, 2014								Nine Months Ended September 30, 2013
		Senior living		Triple-net		Medical office		Consolidated		Senior living		Triple-net		Medical office		Consolidated
		operations		leased		building		by Segment		operations		leased		building		by Segment
				properties								properties
	Rental revenue	$	30,862,000	$	4,399,000	$	640,000	$	35,901,000	$	20,805,000	$	3,928,000	$	640,000	$	25,373,000
	Resident services and fee income		21,454,000		-		-		21,454,000		18,115,000		-		-		18,115,000
	Tenant reimbursements and other income		305,000		573,000		234,000		1,112,000		328,000		663,000		221,000		1,212,000
		$	52,621,000	$	4,972,000	$	874,000	$	58,467,000	$	39,248,000	$	4,591,000	$	861,000	$	44,700,000
	Property operating and maintenance		36,257,000		617,000		226,000		37,100,000		25,987,000		682,000		230,000		26,899,000
	Net operating income	$	16,364,000	$	4,355,000	$	648,000	$	21,367,000	$	13,261,000	$	3,909,000	$	631,000	$	17,801,000
	General and administrative								938,000								1,186,000
	Asset management fees and expenses								2,986,000								2,125,000
	Real estate acquisition costs								1,108,000								-
	Depreciation and amortization								8,896,000								6,317,000
	Interest expense, net								7,138,000								6,121,000
	Equity in loss (income) from unconsolidated entities								249,000								-24,000
	Gain on disposition of investment in unconsolidated entity								-								-1,701,000
	Net income							$	52,000							$	3,777,000
Reconciliation of segment activity to consolidated financial position	'
	The following table reconciles the segment activity to consolidated financial position as of September 30, 2014 and December 31, 2013.
		September 30,		December 31,
		2014		2013
	Assets
	Investments in real estate:
	Senior living operations	$	190,280,000	$	185,116,000
	Triple-net leased properties		83,347,000		42,248,000
	Medical office building		7,619,000		7,855,000
	Total reportable segments	$	281,246,000	$	235,219,000
	Reconcilation to consolidated assets:
	Cash and cash equivalents		20,121,000		21,792,000
	Deferred financing costs, net		2,398,000		1,966,000
	Investment in unconsolidated entities		1,648,000		1,297,000
	Tenant and other receivables, net		3,796,000		3,204,000
	Deferred costs and other assets		5,084,000		3,469,000
	Restricted cash		4,868,000		3,930,000
	Goodwill		5,965,000		5,965,000
	Total assets	$	325,126,000	$	276,842,000

Notes_Payable_Tables

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2014
Notes Payable [Abstract]	'
Principal payments due on notes payable	'
	Principal payments due on our notes payable for October 1, 2014 to December 31, 2014 and each of the subsequent years is as follows:
	Year	Principal amount
	October 1, 2014 to December 31, 2014	$	846,000
	2015		34,055,000
	2016		2,954,000
	2017		14,664,000
	2018		27,289,000
	2019 and thereafter		138,997,000
		$	218,805,000
	Add: premium		66,000
		$	218,871,000

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2014
Stockholders' Equity [Abstract]	'
Summary of distributions declared	'
	The following are the distributions declared during the nine months ended September 30, 2014 and 2013:
		Distributions Declared						Cash Flow from
	Period	Cash		Reinvested		Total		Operations
	First quarter 2013	$	1,493,000	$	-	$	1,493,000	$	2,643,000
	Second quarter 2013		1,585,000		-		1,585,000		2,522,000
	Third quarter 2013		1,544,000		52,000		1,596,000		2,413,000
	First quarter 2014		1,486,000		69,000		1,555,000		3,652,000
	Second quarter 2014		1,452,000		88,000		1,540,000		2,852,000
	Third quarter 2014		1,354,000		91,000		1,445,000		3,602,000
Summary of repurchased shares	'
	During the three and nine months ended September 30, 2014, we repurchased shares pursuant to our stock repurchase program as follows:
	Period	Total Number		Price Paid
		of Shares		per Share
		Redeemed
	First quarter 2014		6,000	$	11.63
	Second quarter 2014		43,962		11.63
	Third quarter 2014		-		-

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Schedule of Related Party Transactions	'
	The fees payable to the Advisor under the advisory agreement for the three and nine months ended September 30, 2014 and September 30, 2013 were as follows:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
	Asset management fees	$	1,045,000	$	732,000	$	2,986,000	$	2,125,000

Organization_Details_Textual

Organization (Details Textual)	9 Months Ended
	Sep. 30, 2014
Sentio Investments, LLC [Member]	'
Organization [Line Items]	'
Formation date	'December 20, 2011
Sentio Healthcare Properties OP, LP [Member]	'
Organization [Line Items]	'
Formation date	'October 17, 2006
Operating Partnership and the HC Operating Partnership, LP [Member]	'
Organization [Line Items]	'
Percentage of interest owned	71.00%

Acquisitions_Details

Acquisitions (Details) (USD $)	Sep. 30, 2014
St. Andrews Village [Member]	'
Business Acquisition [Line Items]	'
Land	$5,351,000
Buildings and improvements	35,444,000
Furniture, fixtures and vehicles	1,121,000
Intangible assets	584,000
Real estate acquisition	42,500,000
Acquisition expenses	704,000
Compass on the Bay [Member]	'
Business Acquisition [Line Items]	'
Land	5,551,000
Buildings and improvements	4,825,000
Furniture, fixtures and vehicles	392,000
Intangible assets	652,000
Real estate acquisition	11,420,000
Acquisition expenses	$289,000

Acquisitions_Details_1

Acquisitions (Details 1) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Business Acquisition [Line Items]	'	'
Revenues	$61,778,000	$49,328,000
Net (loss) income	($528,000)	$4,788,000
Basic and diluted net (loss) income per common share attributable to common stockholders	($0.04)	$0.38

Acquisitions_Details_Textual

Acquisitions (Details Textual) (USD $)	1 Months Ended	9 Months Ended		1 Months Ended				1 Months Ended	9 Months Ended
	Apr. 04, 2014	Sep. 30, 2014	Sep. 30, 2013	Apr. 04, 2014	Aug. 20, 2014	Apr. 04, 2014	Apr. 04, 2014	Aug. 20, 2014	Sep. 30, 2014	Sep. 30, 2014
				Kohlberg Kravis Roberts and Company [Member]	CBRE Capital Markets [Member]	Slr Joint Venture [Member]	Standish Village [Member]	St. Andrews Village acquisition [Member]	St. Andrews Village acquisition [Member]	Compass on the Bay [Member]
Business Acquisition [Line Items]	'	'	'	'	'	'	'	'	'	'
Net income (loss)	'	($528,000)	$4,788,000	'	'	'	'	'	$500,000	$400,000
Equity Method Investment, Ownership Percentage	'	'	'	'	'	95.00%	'	'	'	'
Revenues	'	61,778,000	49,328,000	'	'	'	'	'	500,000	1,700,000
Loans Assumed	6,300,000	'	'	'	'	'	'	'	'	'
Payments to Acquire Businesses, Gross	'	48,177,000	0	'	'	5,400,000	'	42,500,000	'	'
Equity Method Investment Ownership By Another Entity Percentage	'	'	'	'	'	'	100.00%	'	'	'
Equity Method Investment Ownership By Another Entity In Operating Entity Percentage	'	'	'	'	'	'	100.00%	'	'	'
Payments To Acquire Businesses By Minority Interest	'	'	'	'	'	300,000	'	'	'	'
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	'	'	'	'	'	5.00%	'	'	'	'
Number of units	'	'	'	'	'	'	39	'	'	'
Proceeds from Issuance of Preferred Limited Partners Units	'	'	'	5,400,000	'	'	'	12,700,000	'	'
Lessor Leasing Arrangements, Operating Leases, Renewal Term	'	'	'	'	'	'	'	'10 years	'	'
Proceeds from Mortgage Deposits	'	'	'	'	$30,200,000	'	'	'	'	'

Investments_in_Real_Estate_Det

Investments in Real Estate (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Cost and accumulated depreciation and amortization related to real estate assets and related lease intangibles	'	'
Total Investment In Real Estate	$281,246,000	$235,219,000
Land [Member]	'	'
Cost and accumulated depreciation and amortization related to real estate assets and related lease intangibles	'	'
Cost	39,462,000	28,561,000
Accumulated depreciation and amortization	0	0
Total Investment In Real Estate	39,462,000	28,561,000
Buildings and improvements [Member]	'	'
Cost and accumulated depreciation and amortization related to real estate assets and related lease intangibles	'	'
Cost	247,653,000	206,720,000
Accumulated depreciation and amortization	-19,132,000	-14,225,000
Total Investment In Real Estate	228,521,000	192,495,000
Furniture, fixtures and equipment [Member]	'	'
Cost and accumulated depreciation and amortization related to real estate assets and related lease intangibles	'	'
Cost	9,401,000	7,505,000
Accumulated depreciation and amortization	-3,728,000	-2,762,000
Total Investment In Real Estate	5,673,000	4,743,000
Intangible lease assets [Member]	'	'
Cost and accumulated depreciation and amortization related to real estate assets and related lease intangibles	'	'
Cost	22,750,000	21,515,000
Accumulated depreciation and amortization	-15,160,000	-12,095,000
Total Investment In Real Estate	$7,590,000	$9,420,000

Investments_in_Real_Estate_Det1

Investments in Real Estate (Details 1) (USD $)	Sep. 30, 2014
Estimated amortization	'
October 1, 2014 - December 1, 2014	$686,000
2015	558,000
2016	558,000
2017	558,000
2018	489,000
2019 and thereafter	$4,741,000

Investments_in_Real_Estate_Det2

Investments in Real Estate (Details Textual) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'
Real Estate Accumulated Depreciation, Depreciation Expense	$2.10	$1.40	$5.90	$4.30
Finite-Lived Intangible Assets, Remaining Amortization Period	'	'	'16 years	'
Amortization of Intangible Assets	$0.70	$0.10	$3	$2
Minimum [Member]	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'
Finite-Lived Intangible Asset, Useful Life	'	'	'1 year	'
Maximum [Member]	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'
Finite-Lived Intangible Asset, Useful Life	'	'	'22 years	'

Investments_in_Unconsolidated_2

Investments in Unconsolidated Entities (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Investment	$1,648,000	[1]
Physicians Center Mob [Member] | Medical Office Building [Member]	'
Acquired	30-Apr-12	[2]
Investment	487,000	[1],[2]
Ownership	71.90%	[2]
Buffalo Crossing [Member] | Assisted-Living Facility [Member]	'
Acquired	31-Jan-14	[2]
Investment	$1,161,000	[1],[2]
Ownership	25.00%	[2]
[1]	Represents the carrying value of the Companybs investment in the unconsolidated entities.
[2]	These entities are not consolidated because the Company exercises significant influence, but does not control or direct the activities that most significantly impact the entitybs performance.

Investments_in_Unconsolidated_3

Investments in Unconsolidated Entities (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Equity Method Investment, Summarized Financial Information, Assets	$17,013,000	$9,344,000
Equity Method Investment Summarized Financial Information, Equity	4,608,000	1,747,000
Equity Method Investment, Summarized Financial Information, Liabilities and Equity	17,013,000	9,344,000
Cash and Cash Equivalents [Member]	'	'
Equity Method Investment, Summarized Financial Information, Assets	217,000	97,000
Investments In Real Estate Net [Member]	'	'
Equity Method Investment, Summarized Financial Information, Assets	16,203,000	8,888,000
Other Assets [Member]	'	'
Equity Method Investment, Summarized Financial Information, Assets	593,000	359,000
Notes Payable [Member]	'	'
Equity Method Investment Summarized Financial Information, Equity	11,075,000	7,472,000
Accounts Payable and Accrued Liabilities [Member]	'	'
Equity Method Investment Summarized Financial Information, Equity	1,080,000	73,000
Other Liabilities [Member]	'	'
Equity Method Investment Summarized Financial Information, Equity	$250,000	$52,000

Investments_in_Unconsolidated_4

Investments in Unconsolidated Entities (Details 2) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Total revenues	$444,000	[1],[2]	$505,000	[1],[3]	$1,233,000	[1],[2]	$1,898,000	[1],[3]
Net loss	-75,000	[1],[2]	-81,000	[1],[3]	-348,000	[1],[2]	-22,000	[1],[3]
Companybs equity in loss (income) from unconsolidated entities	($50,000)	[1],[2]	($56,000)	[1],[3]	($249,000)	[1],[2]	$24,000	[1],[3]
[1]	The Physicians Centre MOB joint venture was acquired in April 2012 and was accounted for under the equity method of accounting beginning with the second quarter of 2012.
[2]	On January 28, 2014, through a wholly-owned subsidiary, we acquired a 25% interest in a joint venture entity that will develop Buffalo Crossing, a 108-unit, assisted living community. Buffalo Crossing was accounted for under the equity method of accounting beginning with the first quarter of 2014.
[3]	Littleton Specialty Rehabilitation Facility was completed in April 2012 and the single tenant began paying rent in July 2012, in accordance with the lease. Tenant operations commenced upon licensure of the facility in July 2012 and Littleton Specialty Rehabilitation Facility was accounted for under the equity method of accounting. On December 17, 2012, our joint venture partner notified the Company of their intent to exercise their promote monetization right. The Company elected to satisfy the monetization provision through a sale of the property. The property was sold on August 8, 2013.

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Deferred State and Local Income Tax Expense (Benefit)	$0.10	$0.10	$0.40	$0.10	'
Deferred Tax Assets, Net	$2.60	'	$2.60	'	$1.90

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Reconciliation of segment activity to consolidated net income	'		'		'		'
Rental revenue	$12,699,000		$8,499,000		$35,901,000		$25,373,000
Resident services and fee income	7,247,000		6,195,000		21,454,000		18,115,000
Tenant reimbursements and other income	394,000		403,000		1,112,000		1,212,000
Total revenues	20,340,000		15,097,000		58,467,000		44,700,000
Property operating and maintenance	12,570,000		9,181,000		37,100,000		26,899,000
Net operating income	7,770,000		5,916,000		21,367,000		17,801,000
General and administrative	283,000		523,000		938,000		1,186,000
Asset management fees and expenses	1,045,000		732,000		2,986,000		2,125,000
Real estate acquisition costs	762,000		0		1,108,000		0
Depreciation and amortization	2,785,000		1,528,000		8,896,000		6,317,000
Interest expense, net	2,535,000		2,031,000		7,138,000		6,121,000
Equity in loss from unconsolidated entities	-50,000	[1],[2]	-56,000	[1],[3]	-249,000	[1],[2]	24,000	[1],[3]
Gain on disposition of investment in unconsolidated entity	0		-1,701,000		0		-1,701,000
Net income	310,000		2,747,000		52,000		3,777,000
Senior living operations [Member]	'		'		'		'
Reconciliation of segment activity to consolidated net income	'		'		'		'
Rental revenue	10,706,000		6,976,000		30,862,000		20,805,000
Resident services and fee income	7,247,000		6,195,000		21,454,000		18,115,000
Tenant reimbursements and other income	112,000		103,000		305,000		328,000
Total revenues	18,065,000		13,274,000		52,621,000		39,248,000
Property operating and maintenance	12,314,000		8,875,000		36,257,000		25,987,000
Net operating income	5,751,000		4,399,000		16,364,000		13,261,000
Triple-net leased properties [Member]	'		'		'		'
Reconciliation of segment activity to consolidated net income	'		'		'		'
Rental revenue	1,780,000		1,309,000		4,399,000		3,928,000
Resident services and fee income	0		0		0		0
Tenant reimbursements and other income	201,000		226,000		573,000		663,000
Total revenues	1,981,000		1,535,000		4,972,000		4,591,000
Property operating and maintenance	178,000		227,000		617,000		682,000
Net operating income	1,803,000		1,308,000		4,355,000		3,909,000
Medical office building [Member]	'		'		'		'
Reconciliation of segment activity to consolidated net income	'		'		'		'
Rental revenue	213,000		214,000		640,000		640,000
Resident services and fee income	0		0		0		0
Tenant reimbursements and other income	81,000		74,000		234,000		221,000
Total revenues	294,000		288,000		874,000		861,000
Property operating and maintenance	78,000		79,000		226,000		230,000
Net operating income	$216,000		$209,000		$648,000		$631,000
[1]	The Physicians Centre MOB joint venture was acquired in April 2012 and was accounted for under the equity method of accounting beginning with the second quarter of 2012.
[2]	On January 28, 2014, through a wholly-owned subsidiary, we acquired a 25% interest in a joint venture entity that will develop Buffalo Crossing, a 108-unit, assisted living community. Buffalo Crossing was accounted for under the equity method of accounting beginning with the first quarter of 2014.
[3]	Littleton Specialty Rehabilitation Facility was completed in April 2012 and the single tenant began paying rent in July 2012, in accordance with the lease. Tenant operations commenced upon licensure of the facility in July 2012 and Littleton Specialty Rehabilitation Facility was accounted for under the equity method of accounting. On December 17, 2012, our joint venture partner notified the Company of their intent to exercise their promote monetization right. The Company elected to satisfy the monetization provision through a sale of the property. The property was sold on August 8, 2013.

Segment_Reporting_Details_1

Segment Reporting (Details 1) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Investments in real estate:	'	'	'	'
Total reportable segments	$281,246,000	$235,219,000	'	'
Reconciliation to consolidated assets:	'	'	'	'
Cash and cash equivalents	20,121,000	21,792,000	18,265,000	21,507,000
Deferred financing costs, net	2,398,000	1,966,000	'	'
Investment in unconsolidated entities	1,648,000	1,297,000	'	'
Tenant and other receivables, net	3,796,000	3,204,000	'	'
Deferred costs and other assets	5,084,000	3,469,000	'	'
Restricted cash	4,868,000	3,930,000	'	'
Goodwill	5,965,000	5,965,000	'	'
Total assets	325,126,000	276,842,000	'	'
Senior living operations [Member]	'	'	'	'
Investments in real estate:	'	'	'	'
Total reportable segments	190,280,000	185,116,000	'	'
Reconciliation to consolidated assets:	'	'	'	'
Goodwill	6,000,000	6,000,000	'	'
Triple-net leased properties [Member]	'	'	'	'
Investments in real estate:	'	'	'	'
Total reportable segments	83,347,000	42,248,000	'	'
Medical office building [Member]	'	'	'	'
Investments in real estate:	'	'	'	'
Total reportable segments	$7,619,000	$7,855,000	'	'

Segment_Reporting_Details_Text

Segment Reporting (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
	Number
Segment Reporting Information [Line Items]	'	'
Goodwill	$5,965,000	$5,965,000
Number of Reportable Segments	3	'
Senior living operations [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Goodwill	$6,000,000	$6,000,000

Fair_Value_Measurements_Detail

Fair Value Measurements (Details Textual) (Fair Value, Inputs, Level 2 [Member], USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair Value, Inputs, Level 2 [Member]	'	'
Notes Payable, Fair Value Disclosure	$217.40	$178.40
Notes payable, net	218.9	181.7
Carrying Value Of Notes Payable	$218.80	$181.30

Notes_Payable_Details

Notes Payable (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Principal payments due on notes payable	'	'
Principal amount	$218,805,000	'
Add: premium	66,000	'
Notes payable	218,871,000	181,645,000
October 1, 2014 to December 31, 2014	'	'
Principal payments due on notes payable	'	'
Principal amount	846,000	'
2015 [Member]	'	'
Principal payments due on notes payable	'	'
Principal amount	34,055,000	'
2016 [Member]	'	'
Principal payments due on notes payable	'	'
Principal amount	2,954,000	'
2017 [Member]	'	'
Principal payments due on notes payable	'	'
Principal amount	14,664,000	'
2018 [Member]	'	'
Principal payments due on notes payable	'	'
Principal amount	27,289,000	'
2019 and Thereafter [Member]	'	'
Principal payments due on notes payable	'	'
Principal amount	$138,997,000	'

Notes_Payable_Details_Textual

Notes Payable (Details Textual) (USD $)	3 Months Ended		9 Months Ended				1 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Apr. 04, 2014	Apr. 04, 2014	Apr. 04, 2014	Aug. 19, 2014	Sep. 30, 2014	Sep. 30, 2014
						SLR Joint Venture Member [Member]	SLR Joint Venture Member [Member]	SLR Joint Venture Member [Member]	St. Andrews Village acquisition [Member]	Maximum [Member]	Minimum [Member]
							Interest Rate 3.32 [Member]	Interest Rate 5.65 [Member]
Notes Payable (Additional Textual) [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Notes payable	$218,871,000	'	$218,871,000	'	$181,645,000	'	'	'	'	'	'
Notes Payable, including premium	218,900,000	'	218,900,000	'	181,700,000	'	'	'	'	'	'
Fixed rate debt	163,600,000	'	163,600,000	'	150,000,000	'	'	'	'	'	'
Fixed rate debt, notes payable	75.00%	'	75.00%	'	83.00%	'	'	'	'	6.50%	2.80%
Variable rate debt	55,200,000	'	55,200,000	'	31,300,000	'	'	'	'	'	'
Variable rate debt, notes payable	4.95%	'	4.95%	'	5.17%	'	'	'	3.07%	'	'
Fixed rate debt, weighted average interest rate	4.51%	'	4.51%	'	17.00%	'	'	'	4.64%	'	'
Variable rate debt, weighted average interest rate	3.19%	'	3.19%	'	3.68%	'	'	'	'	'	'
Deferred Tax Liabilities, Deferred Expense, Deferred Financing Costs	'	'	'	'	'	'	'	'	30,200,000	'	'
Deferred Finance Costs, Net	2,398,000	'	2,398,000	'	1,966,000	'	'	'	'	'	'
Business Acquisition, Percentage of Voting Interests Acquired	'	'	'	'	'	95.00%	'	'	'	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt	'	'	'	'	'	'	3,900,000	2,700,000	'	'	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	'	'	'	'	'	6,300,000	'	'	'	'	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	'	'	'	'	3.32%	5.65%	'	'	'
Debt Instrument, Term	'	'	'	'	'	'	'35 years	'35 years	'	'	'
Interest Expense Deferred Financing Cost	$2,500,000	$2,000,000	$7,100,000	$6,100,000	'	'	'	'	'	'	'
Debt Instrument Maturity Period	'	'	'9 years	'	'	'	'	'	'	'	'

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	3 Months Ended						9 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2014	Sep. 30, 2013
Summary of distributions declared	'	'	'	'	'	'	'	'
Distributions Declared, Cash	$1,354,000	$1,452,000	$1,486,000	$1,544,000	$1,585,000	$1,493,000	$1,354,000	$1,544,000
Distributions Declared, Reinvested	91,000	88,000	69,000	52,000	0	0	'	'
Distributions Declared, Total	1,445,000	1,540,000	1,555,000	1,596,000	1,585,000	1,493,000	'	'
Cash Flow From Operations	$3,602,000	$2,852,000	$3,652,000	$2,413,000	$2,522,000	$2,643,000	'	'

Stockholders_Equity_Details_1

Stockholders' Equity (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2014	Jun. 30, 2014	Sep. 30, 2014
	First Quarter [Member]	Second Quarter [Member]	Third Quarter [Member]
Summary of repurchased shares	'	'	'
Total Number of Shares Redeemed	6,000	43,962	0
Price Paid per Share	$11.63	$11.63	$0

Stockholders_Equity_Details_Te

Stockholders' Equity (Details Textual) (USD $)	0 Months Ended	1 Months Ended		3 Months Ended	9 Months Ended		12 Months Ended
	Aug. 14, 2014	Jun. 18, 2014	Apr. 04, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2013
Stockholders' Equity (Textual) [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Common stock, shares authorized	'	'	'	580,000,000	580,000,000	'	580,000,000	'	'	'	'
Common stock, par value	'	'	'	$0.01	$0.01	'	$0.01	'	'	'	'
Preferred stock, shares authorized	'	'	'	20,000,000	20,000,000	'	'	'	'	'	'
Preferred stock, par value	'	'	'	$0.01	$0.01	'	'	'	'	'	'
Proceeds from issuance of common stock	'	'	'	'	$132,300,000	'	$132,300,000	'	'	'	'
Annualized rate	'	'	'	$0.50	$0.50	'	'	$0.50	$0.50	$0.48	$0.48
Percentage of annualized rate	'	'	'	5.00%	5.00%	'	'	5.00%	5.00%	4.75%	4.75%
Annualized rate per share	'	'	'	$10	$10	'	'	$10	$10	$10	$10
Common Stock Reinvested	'	'	'	'	13,300,000	'	13,300,000	'	'	'	'
Proceeds from Issuance of Preferred Stock and Preference Stock	'	'	'	'	26,604,000	0	'	'	'	'	'
Preferred Stock Convertible Number Of Equity Instruments	1,270,559	870,858	538,922	'	'	'	'	'	'	'	'
Sale Of Stock Price Per Share Percentage Of Estimated Per Share Value	'	'	'	100.00%	100.00%	'	'	'	'	'	'
Stock Repurchase Program, Authorized Amount	'	'	'	35,000,000	35,000,000	'	'	'	'	'	'
Stock Repurchase Program Expiration Date	'	'	'	'	12-Jun-14	'	'	'	'	'	'
Stock Repurchased During Period, Shares	'	'	'	1,113,213	'	'	'	'	'	'	'
Stock Repurchased During Period, Value	'	'	'	10,000,000	'	'	'	'	'	'	'
Stock Repurchase Program Repurchase Price Per Share	'	'	'	$9	$9	'	'	'	'	'	'
Before Amendment [Member]	'	'	'	'	'	'	'	'	'	'	'
Stockholders' Equity (Textual) [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Stock Repurchase Program Repurchase Price Per Share	'	'	'	$8.50	$8.50	'	'	'	'	'	'
Kohlberg Kravis Roberts and Company [Member]	'	'	'	'	'	'	'	'	'	'	'
Stockholders' Equity (Textual) [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Proceeds from Issuance of Preferred Stock and Preference Stock	'	'	'	'	46,200,000	'	19,400,000	'	'	'	'
Series B Preferred Stock [Member]	'	'	'	'	'	'	'	'	'	'	'
Stockholders' Equity (Textual) [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Percentage of annualized rate	'	'	'	7.50%	7.50%	'	'	'	'	'	'
Preferred Stock, Shares Issued	'	'	'	461,570	461,570	'	193,000	'	'	'	'
Proceeds from Issuance of Preferred Stock and Preference Stock	12,700,000	8,700,000	5,400,000	'	'	'	'	'	'	'	'
Preferred Stock Convertible Number Of Equity Instruments	127,310	87,260	54,000	'	4,606,487	'	'	'	'	'	'
Preferred Units Issuable Equity Commitment	'	'	'	'	1,124,690	'	'	'	'	'	'
Distribution Made to Limited Partner, Cash Distributions Paid	'	'	'	$700,000	$1,600,000	'	'	'	'	'	'
Series C Preferred Stock [Member]	'	'	'	'	'	'	'	'	'	'	'
Stockholders' Equity (Textual) [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Preferred stock, shares authorized	'	'	'	1,000	1,000	'	1,000	'	'	'	'
Preferred stock, par value	'	'	'	$0.01	$0.01	'	$0.01	'	'	'	'
Percentage of annualized rate	'	'	'	3.00%	3.00%	'	'	'	'	'	'
Preferred Stock, Shares Issued	'	'	'	1,000	1,000	'	1,000	'	'	'	'

Earnings_Per_Share_Details_Tex

Earnings Per Share (Details Textual)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	461,570

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Asset management fees	$1,045,000	$732,000	$2,986,000	$2,125,000

Related_Party_Transactions_Det1

Related Party Transactions (Details Textual)	9 Months Ended
	Sep. 30, 2014
Related Party Transactions (Additional Textual) [Abstract]	'
Management Fee, Description	'our management fees and expenses and operating expenses totaled did not exceed the greater of 2% of our average invested assets and 25% of our net income.
Percentage of average invested assets	2.00%
Percentage of net income	25.00%
Percentage Of Management Fee Exceeded Then Invested Assets	2.00%

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (Subsequent Event [Member], USD $)	0 Months Ended
In Millions, unless otherwise specified	Oct. 02, 2014
Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Equity Method Investment, Ownership Percentage	65.00%
Payments to Acquire Interest in Joint Venture	$3.50
Business Combination, Consideration Transferred	$22.40