CNL Healthcare Properties (CHTH) 10-K27 Mar 142013 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2013	Mar. 13, 2014	Jun. 30, 2013
Document Information [Line Items]	'	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Entity Registrant Name	'CNL Healthcare Properties, Inc.	'	'
Entity Central Index Key	'0001496454	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	65,259,053	'
Entity Public Float	'	'	$365,400,000

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Real estate assets:	'	'
Real estate investment properties, net (including VIEs $72,053 and $0, respectively)	$848,791	$230,411
Real estate under development, including land (including VIEs $16,210 and $8,399, respectively)	17,409	8,462
Total real estate assets, net	866,200	238,873
Intangible assets, net (including VIEs $4,535 and $0, respectively)	52,400	7,024
Cash (including VIEs $727 and $9, respectively)	44,209	18,262
Investments in unconsolidated entities	18,438	64,560
Deposits	8,892	282
Loan costs, net (including VIEs $912 and $548, respectively)	7,919	3,338
Other assets (including VIEs $21 and $231, respectively)	6,445	3,985
Note receivable from related party	3,949	'
Restricted cash (including VIEs $257 and $236, respectively)	2,839	610
Deferred rent (including VIEs $104 and $0, respectively)	2,782	843
Total assets	1,014,073	337,777
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Mortgage and other notes payable (including VIEs $52,596 and $2, respectively)	438,107	193,151
Revolving credit facility	98,500	'
Accounts payable and accrued expenses (including VIEs $309 and $7, respectively)	7,887	2,215
Other liabilities (including VIEs $939 and $0, respectively)	7,243	159
Accrued development costs (including VIEs $7,047 and $311, respectively)	7,047	311
Due to related parties (including VIEs $112 and $71, respectively)	3,308	1,290
Total liabilities	562,092	197,126
Commitments and contingencies (Note 16)	'	'
Stockholders' equity:	'	'
Preferred stock, $0.01 par value per share, 200,000 shares authorized and unissued	'	'
Excess shares, $0.01 par value per share, 300,000 shares authorized and unissued	'	'
Common stock, $0.01 par value per share, 1,120,000 shares authorized; 58,308 and 18,448 shares issued and 58,218 and 18,447 shares outstanding as of December 31, 2013 and December 31, 2012, respectively	582	184
Capital in excess of par value	500,361	156,200
Accumulated loss	-30,580	-12,480
Accumulated distributions	-17,423	-3,253
Accumulated other comprehensive loss	-959	'
Total stockholders' equity	451,981	140,651
Total liabilities and stockholders' equity	$1,014,073	$337,777

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Real estate investment properties, net	$848,791	$230,411
Real estate under development, including land	17,409	8,462
Intangible assets, net	52,400	7,024
Cash	44,209	18,262
Loan costs, net	7,919	3,338
Other assets	6,445	3,985
Restricted cash	2,839	610
Deferred rent	2,782	843
Mortgage and other notes payable	438,107	193,151
Accounts payable and accrued expenses	7,887	2,215
Other liabilities	7,243	159
Accrued development costs	7,047	311
Due to related parties	3,308	1,290
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares unissued	200,000,000	200,000,000
Excess shares, par value	$0.01	$0.01
Excess shares, shares authorized	300,000,000	300,000,000
Excess shares, shares unissued	300,000,000	300,000,000
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	1,120,000,000	1,120,000,000
Common stock, shares issued	58,308,000	18,448,000
Common stock, shares outstanding	58,218,000	18,447,000
VIEs	'	'
Real estate investment properties, net	72,053	0
Real estate under development, including land	16,210	8,399
Intangible assets, net	4,535	0
Cash	727	9
Loan costs, net	912	548
Other assets	21	231
Restricted cash	257	236
Deferred rent	104	0
Mortgage and other notes payable	52,596	2
Accounts payable and accrued expenses	309	7
Other liabilities	939	0
Accrued development costs	7,047	311
Due to related parties	$112	$71

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Revenues:	'		'		'
Rental income from operating leases	$23,297		$6,925		'
Resident fees and services	27,550		460		'
Tenant reimbursement income	1,640		'		'
Interest income on note receivable from related party	118		'		'
Total revenues	52,605		7,385		'
Expenses:	'		'		'
Property operating expenses	20,940		406		'
General and administrative	5,618		2,563		870
Acquisition fees and expenses	18,840		6,585		892
Asset management fees	3,614		1,369		'
Property management fees	2,642		404		'
Contingent purchase price consideration adjustment	-1,824		'		'
Depreciation and amortization	16,765		2,101		'
Total expenses	66,595		13,428		1,762
Operating loss	-13,990		-6,043		-1,762
Other income (expense):	'		'		'
Interest and other income	74		13		2
Interest expense and loan cost amortization	-10,799		-5,850		'
Equity in earnings (loss) of unconsolidated entities	2,147		1,143		'
Gain on sale of investment in unconsolidated entity	4,486		'		'
Total other income (expense)	-4,092		-4,694		2
Loss before income taxes	-18,082		-10,737		-1,760
Income tax benefit (expense)	-18		17		'
Net loss	($18,100)		($10,720)		($1,760)
Net loss per share of common stock (basic and diluted)	($0.47)		($1.04)		($0.68)
Weighted average number of shares of common stock outstanding (basic and diluted)	38,353	[1]	10,355	[1]	2,606

[1]	For purposes of determining the weighted average number of shares of common stock outstanding, stock distributions issued are treated as if they were outstanding as of the beginning of all periods presented.

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net loss	($18,100)	($10,720)	($1,760)
Other comprehensive loss:	'	'	'
Unrealized loss on derivative financial instrument	-1,042	'	'
Unrealized gain on derivative financial instrument of equity method investment	83	'	'
Total other comprehensive loss	-959	'	'
Comprehensive loss	($19,059)	($10,720)	($1,760)

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Total	Common Stock	Capital in Excess of Par Value	Accumulated Loss	Accumulated Distributions	Accumulated Other Comprehensive Loss
In Thousands, except Share data	Total	Common Stock	Capital in Excess of Par Value	Accumulated Loss	Accumulated Distributions	Accumulated Other Comprehensive Loss
Beginning Balance at Dec. 31, 2010	$200	'	$200	'	'	'
Beginning Balance (in shares) at Dec. 31, 2010	'	22,000	'	'	'	'
Subscriptions received for common stock through public offering and reinvestment plan (in shares)	'	1,331,000	'	'	'	'
Subscriptions received for common stock through public offering and reinvestment plan	13,290	13	13,277	'	'	'
Stock distributions, shares	'	4,000	'	'	'	'
Redemption of common stock, shares	0	'	'	'	'	'
Stock issuance and offering costs	-1,972	'	-1,972	'	'	'
Net loss	-1,760	'	'	-1,760	'	'
Cash distributions, declared and paid or reinvested ($0.06666 per share)	-56	'	'	'	-56	'
Ending Balance at Dec. 31, 2011	9,702	13	11,505	-1,760	-56	'
Ending Balance (in shares) at Dec. 31, 2011	'	1,357,000	'	'	'	'
Subscriptions received for common stock through public offering and reinvestment plan (in shares)	'	16,850,000	'	'	'	'
Subscriptions received for common stock through public offering and reinvestment plan	168,266	169	168,097	'	'	'
Stock distributions	'	2	-2	'	'	'
Stock distributions, shares	'	240,000	'	'	'	'
Redemption of common stock	-10	'	-10	'	'	'
Redemption of common stock, shares	-1,049	-1,000	'	'	'	'
Stock issuance and offering costs	-23,390	'	-23,390	'	'	'
Net loss	-10,720	'	'	-10,720	'	'
Cash distributions, declared and paid or reinvested ($0.06666 per share)	-3,197	'	'	'	-3,197	'
Ending Balance at Dec. 31, 2012	140,651	184	156,200	-12,480	-3,253	'
Ending Balance (in shares) at Dec. 31, 2012	18,447,000	18,446,000	'	'	'	'
Subscriptions received for common stock through public offering and reinvestment plan (in shares)	'	38,798,000	'	'	'	'
Subscriptions received for common stock through public offering and reinvestment plan	387,363	388	386,975	'	'	'
Stock distributions	'	11	-11	'	'	'
Stock distributions, shares	'	1,063,000	'	'	'	'
Redemption of common stock	-827	-1	-826	'	'	'
Redemption of common stock, shares	-89,410	-89,000	'	'	'	'
Stock issuance and offering costs	-41,977	'	-41,977	'	'	'
Net loss	-18,100	'	'	-18,100	'	'
Cash distributions, declared and paid or reinvested ($0.06666 per share)	-14,170	'	'	'	-14,170	'
Other comprehensive loss	-959	'	'	'	'	-959
Ending Balance at Dec. 31, 2013	$451,981	$582	$500,361	($30,580)	($17,423)	($959)
Ending Balance (in shares) at Dec. 31, 2013	58,218,000	58,218,000	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_STO1

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash distributions, declared and paid per share	$0.40	$0.40	$0.07

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
Operating activities:	'		'	'
Net loss	($18,100)		($10,720)	($1,760)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities	'		'	'
Depreciation and amortization	16,765		2,101	'
Amortization of loan costs	1,433		1,161	'
Accretion of note origination costs	80		'	'
Amortization of above and below market leases	68		'	'
Straight-line rent adjustments	-2,023		-843	'
Deferred tax assets, net	31		-31	'
Loss on extinguishment of debt	244		460	'
Contingent purchase price consideration adjustment	-1,824		'	'
Equity in earnings of unconsolidated entities, net of distributions	1,620		465	'
Gain on sale of unconsolidated entity	-4,486		'	'
Changes in operating assets and liabilities:	'		'	'
Other assets	-740		-1,113	-51
Due from related parties	-25		'	'
Accounts payable and accrued expenses	5,450		1,569	658
Other liabilities	2,907		'	'
Due to related parties	1,646		582	68
Net cash provided by (used in) operating activities	3,046		-6,369	-1,085
Investing activities:	'		'	'
Acquisition of properties	-655,924		-241,800	'
Development of properties	-23,246		-8,050	'
Distributions from unconsolidated entities	222		'	'
Investments in unconsolidated entities	-12,912		-65,025	'
Proceeds from sale of unconsolidated entity	61,761		'	'
Changes in restricted cash	-2,229		-610	'
Deposits on real estate	-7,419		-145	-400
Issuance of note receivable from related party	-3,686		'	'
Payment of leasing costs	-12		-17	'
Capital expenditures	-347		'	'
Net cash flows used in investing activities	-643,792		-315,647	-400
Financing activities:	'		'	'
Subscriptions received for common stock through public offering	379,772		166,527	13,263
Payment of stock issuance costs	-41,821		-22,917	-1,849
Distributions to stockholders, net of distribution reinvestments	-6,579		-1,459	-28
Redemption of common stock	-706		-10	'
Proceeds from credit facility	98,500		'	'
Proceeds from mortgage and other notes payable	362,392		264,780	'
Principal payments on mortgage and other notes payable	-117,436		-71,628	'
Lender deposits	-1,110		-138	-100
Payment of loan costs	-6,319		-4,879	'
Net cash flows provided by financing activities	666,693		330,276	11,286
Net increase in cash	25,947		8,260	9,801
Cash at beginning of period	18,262		10,002	201
Cash at end of period	44,209		18,262	10,002
Supplemental disclosure of cash flow information:	'		'	'
Cash paid during the period for interest, net of capitalized interest of $0.5 million, $0.05 million and $0, respectively	8,720		3,377	'
Cash paid for income taxes	13		'	'
Amounts incurred but not paid (including amounts due to related parties):	'		'	'
Stock issuance and offering costs	752		595	124
Loan costs	241		136	'
Accrued development costs	7,047		311	'
Construction management fee	40		43	'
Redemptions payable	121		'	'
Stock distributions (at par)	11		2	'
Loan cost amortization capitalized on development properties	97		56	'
Unrealized loss on derivative financial instrument, net	959		'	'
Contingent purchase price consideration	$507	[1]	'	'

[1]	Amount included in other liabilities on the accompanying consolidated balance sheet as of December 31, 2013.

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash paid during the period for interest, net of capitalized interest	$0.50	$0.05	$0

Organization

Organization	12 Months Ended
	Dec. 31, 2013
Organization	'
	1	Organization
	CNL Healthcare Properties, Inc. (the “Company”) is a Maryland corporation incorporated on June 8, 2010 that elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes for the year ended December 31, 2012.
	The Company is externally advised by CNL Healthcare Corp. (the “Advisor”) and its property manager is CNL Healthcare Manager Corp. (the “Property Manager”), each of which is a Florida corporation and a wholly owned affiliate of CNL Financial Group, LLC, the Company’s sponsor. CNL Financial Group, LLC is an affiliate of CNL Financial Group, Inc. (“CNL”). The Advisor is responsible for managing the Company’s affairs on a day-to-day basis and for identifying and making acquisitions and investments on behalf of the Company pursuant to an advisory agreement among the Company, the operating partnership and the Advisor. Substantially all of the Company’s acquisition, operating, administrative and certain property management services, are provided by sub-advisors to the Advisor and sub-property managers to the Property Manager. In addition, sub-property managers have been engaged by the Company to provide certain property management services.
	On June 27, 2011, the Company commenced its initial public offering of up to $3.0 billion of common stock (the “Offering”), including shares being offered from its distribution reinvestment plan (the “Reinvestment Plan”), pursuant to a registration statement on Form S-11 under the Securities Act of 1933. The shares were initially being offered at $10 per share and effective December 11, 2013 are being offered at $10.14 per share, or $9.64 per share pursuant to the Reinvestment Plan. The Company plans to extend the Offering through the earlier of December 24, 2014 or the effective date of a subsequent registration statement.
	The Company’s investment focus is on acquiring a diversified portfolio of healthcare real estate or real estate-related assets, primarily in the United States, within the senior housing, medical office, post-acute care and acute care asset classes. The types of senior housing that the Company may acquire include active adult communities (age-restricted and age-targeted housing), independent and assisted living facilities, continuing care retirement communities, and memory care facilities. The types of medical offices that the Company may acquire include medical office buildings, specialty medical and diagnostic service facilities, surgery centers, outpatient rehabilitation facilities, and other facilities designed for clinical services. The types of post-acute care facilities that the Company may acquire include skilled nursing facilities, long-term acute care hospitals and inpatient rehabilitative facilities. The types of acute care facilities that the Company may acquire include general acute care hospitals and specialty surgical hospitals. The Company views, manages and evaluates its portfolio homogeneously as one collection of healthcare assets with a common goal to maximize revenues and property income regardless of the asset class or asset type.
	The Company primarily expects to lease its properties to third-party tenants under triple-net or similar lease structures, where the tenant bears all or substantially all of the costs (including cost increases, for real estate taxes, utilities, insurance and ordinary repairs); however, the Company is committed to investing the proceeds of its Offering through other strategic investment types aimed to maximize stockholder value by generating sustainable cash flow growth and increasing the value of our healthcare assets. Accordingly, the Company may lease to wholly-owned taxable REIT subsidiaries (“TRS”) and engage independent third-party managers under management agreements to operate the properties as permitted under applicable tax regulations. In addition, the Company expects most investments will be wholly owned, although, the Company has and may continue to invest through partnerships with other entities where we believe it is appropriate and beneficial. The Company has and may continue to invest in new property developments or properties which have not reached full stabilization. Finally, the Company also may invest in and originate mortgage, bridge or mezzanine loans or in entities that make investments similar to the foregoing investment types. The Company generally makes loans to the owners of properties to enable them to acquire land, buildings, or to develop property. In exchange, the owner generally grants the Company a first lien or collateralized interest in a participating mortgage collateralized by the property or by interests in the entity that owns the property.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Summary of Significant Accounting Policies	'
	2	Summary of Significant Accounting Policies
	Basis of Presentation and Consolidation — The accompanying consolidated financial statements include the Company’s accounts, the accounts of wholly owned subsidiaries or subsidiaries for which the Company has a controlling interest, the accounts of variable interest entities (“VIEs”) in which the Company is the primary beneficiary, and the accounts of other subsidiaries over which the Company has a controlling financial interest. All material intercompany accounts and transactions have been eliminated in consolidation.
	In accordance with the guidance for the consolidation of VIEs, the Company analyzes its variable interests, including loans, leases, guarantees, and equity investments, to determine if the entity in which it has a variable interest is a variable interest entity (“VIE”). The Company’s analysis includes both quantitative and qualitative reviews. The Company bases its quantitative analysis on the forecasted cash flows of the entity, and its qualitative analysis on its review of the design of the entity, its organizational structure including decision-making ability and financial agreements. The Company also uses its quantitative and qualitative analyses to determine if it is the primary beneficiary of the VIE, and if such determination is made, it includes the accounts of the VIE in its consolidated financial statements.
	Allocation of Purchase Price for Real Estate Acquisitions — Upon acquisition of properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building and improvements, tenant improvements and equipment), intangible assets (consisting of in-place leases and above or below market lease values), liabilities assumed and any contingent liabilities in order to allocate the purchase price. In estimating the fair value of the assets acquired and liabilities assumed, the Company considers information obtained about each property as a result of its due diligence and utilizes various valuation methods, such as estimated cash flow projections using appropriate discount and capitalization rates, estimates of replacement costs net of depreciation and available market information.
	The fair value of the tangible assets of an acquired leased property is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to land and building based on the determination of the fair values of these assets.
	The purchase price is allocated to in-place lease intangibles based on management’s evaluation of the specific characteristics of the acquired lease(s). Factors considered include estimates of carrying costs during hypothetical expected lease up periods, including estimates of lost rental income during the expected lease up periods, and costs to execute similar leases such as leasing commissions, legal and other related expenses. Above- and below-market lease intangibles are recorded based on the present value of the difference between the contractual rents to be paid pursuant to the lease and management’s estimate of the fair market lease rates for each in-place lease and may include assumptions for lease renewals of below market leases.
	The Company may also enter into yield guarantees in connection with an acquisition, whereby the seller agrees to hold a portion of the purchase price in escrow that may be repaid to the Company in the event certain thresholds are not met. In calculating the estimated fair value of the yield guaranty, the Company considers information obtained about each property during the due diligence and budget process as well as discount rates to determine the fair value. The Company evaluates the fair value of the yield guaranty at each reporting period and records any adjustments to the fair value as a component of operating income (expense) in the consolidated statement of operations. Refer to Note 9 “Contingent Purchase Price Consideration,” for information on a contingent payment related to an earn-out agreement acquired in conjunction with the purchase of Medical Portfolio I.
	Leasing Costs — The Company defers costs that it incurs to obtain new tenant leases or extend existing tenant leases and classifies these costs as intangible assets, net of accumulated amortization. The Company amortizes these costs using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease is terminated early, the Company will expense any applicable unamortized deferred leasing costs.

	Use of Estimates — The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the reported amounts of revenues and expenses during the reporting periods and the disclosure of contingent liabilities. For example, significant assumptions are made in the allocation of purchase price, the analysis of real estate impairments, the valuation of contingent assets and liabilities, and the valuation of restricted stock shares issued to the Advisor or Property Manager. Accordingly, actual results could differ from those estimates.
	Investments in Unconsolidated Entities — The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting as the Company exercises significant influence, but does not maintain a controlling financial interest over these entities. These investments are recorded initially at cost and subsequently adjusted for cash contributions, distributions and equity in earnings (loss) of the unconsolidated entities. Based on the respective venture structures and preferences the Company receives on distributions and liquidation, the Company records its equity in earnings of the entities under the hypothetical liquidation at book value (“HLBV”) method of accounting. Under this method, the Company recognizes income or loss in each period as if the net book value of the assets in the ventures were hypothetically liquidated at the end of each reporting period pursuant to the provisions of the joint venture agreements. In any given period, the Company could be recording more or less income than actual cash distributions received and more or less than what the Company may receive in the event of an actual liquidation. The Company’s investment in unconsolidated entities is accounted for as an asset acquisition in which acquisition fees and expenses are capitalized as part of the basis in the investment in unconsolidated entities. The acquisition fees and expenses create an outside basis difference that are allocated to the assets of the investee and, if assigned to depreciable or amortizable assets, the basis differences are then amortized as a component of equity in earnings (loss) of unconsolidated entities.
	Real Estate Under Development — The Company records real estate under development at cost, including acquisition fees and closing costs incurred. The cost of the real estate under development includes direct and indirect costs of development, including interest and miscellaneous costs incurred during the development period until the project is substantially complete and available for occupancy. In addition, during active development, all operating expenses related to the project, including property expenses such as real estate taxes and insurance, are capitalized rather than expensed and incidental revenue is recorded as a reduction of capitalized development costs. Preleasing costs are expensed as incurred.
	Capitalized Interest — Interest and loan cost amortization attributable to funds used to finance real estate under development is capitalized as additional costs of development. The Company capitalizes interest at the weighted average interest rate of the Company’s outstanding indebtedness and based on its weighted average expenditures for the period. Capitalization of interest on a specific project ceases when the project is substantially complete and ready for occupancy. During the years ended December 31, 2013 and 2012, the Company incurred interest expense and loan cost amortization of approximately $11.5 million and $6.0 million, respectively, of which approximately $0.7 million and $0.1 million, respectively, was capitalized according to this policy.
	Loan Costs — Financing costs paid in connection with obtaining debt are deferred and amortized over the estimated life of the debt using the effective interest method. As of December 31, 2013 and 2012, the accumulated amortization of loan costs was approximately $2.5 million and $0.7 million, respectively.

	Depreciation and Amortization — Real estate costs related to the acquisition and improvement of properties are capitalized. Repair and maintenance costs are charged to expense as incurred and significant replacements and betterments are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Real estate assets are stated at cost less accumulated depreciation, which is computed using the straight-line method of accounting over the estimated useful lives of the related assets. Buildings and improvements are depreciated on the straight-line method over their estimated useful lives, which generally are the lesser of 39 and 15 years, respectively, or the remaining life of the ground lease.
	Amortization of intangible assets is computed using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease were to be terminated prior to its scheduled expiration, all unamortized costs related to the lease would be written off.
	Impairment of Real Estate Assets — Real estate assets are reviewed on an ongoing basis to determine whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may be impaired. To assess if a property value is potentially impaired, management compares the estimated current and projected undiscounted cash flows, including estimated net sales proceeds, of the property over its remaining useful life to the net carrying value of the property. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. In the event that the carrying value exceeds the undiscounted operating cash flows, the Company would recognize an impairment provision to adjust the carrying value of the asset group to the estimated fair value of the property.
	When impairment indicators are present for real estate indirectly owned, through an investment in a joint venture or other similar investment structure accounted for under the equity method, the Company compares the estimated fair value of its investment to the carrying value. An impairment charge will be recorded to the extent the fair value of its investment is less than the carrying amount and the decline in value is determined to be other than a temporary decline.
	Cash — Cash consists of demand deposits at commercial banks. The Company also invests in cash equivalents consisting of highly liquid investments in money market funds with original maturities of three months or less during the year.
	As of December 31, 2013, the Company’s cash deposits exceeded federally insured amounts. However, the Company continues to monitor the third-party depository institutions that hold the Company’s cash, primarily with the goal of safeguarding principal. The Company attempts to limit cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on cash.
	Restricted Cash — Certain amounts of cash are restricted to fund capital expenditures for the Company’s real estate investment properties or represent certain tenant security deposits.
	Notes Receivable — The Company evaluates impairment on its notes receivable on an individual loan basis which includes, current information and events, periodic visits and quarterly discussions on the financial results of the properties being collateralized and the financial stability of the borrowers. The Company reviews each loan to determine the risk of loss and whether the individual loan is impaired and whether an allowance is necessary. The value credit quality of the Company’s borrowers is primarily based on their payment history on an individual loan basis, as such, the Company does not assign its notes receivable in credit quality categories.

	Derivative Financial Instruments — The Company and certain unconsolidated equity method investments held by the Company use derivative financial instruments to partially offset the effect of fluctuating interest rates on the cash flows associated with its variable-rate debt. Upon entry into a derivative, the Company or its unconsolidated equity method investment formally designates and documents the financial instrument as a hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transaction. The Company or its unconsolidated equity method investment accounts for derivatives through the use of a fair value concept whereby the derivative positions are stated at fair value in the accompanying condensed consolidated balance sheets. The fair value of derivatives used to hedge or modify risk fluctuates over time. As such, the fair value amounts should not be viewed in isolation, but rather in relation to the cash flows or fair value of the underlying hedged transaction and to the overall reduction in the exposure relating to adverse fluctuations in interest rates on the Company’s or its unconsolidated equity method investment’s variable-rate debt.
	Realized and unrealized gain (loss) on derivative financial instruments designated by either the Company or its unconsolidated equity method investment as cash flow hedges are reported as a component of other comprehensive income (loss), a component of stockholders’ equity, in the accompanying consolidated statements of comprehensive income (loss) to the extent they are effective; reclassified into earnings on the same line item associated with the hedged transaction and in the same period the hedged transaction affects earnings. Any ineffective portions of cash flow hedges are reported in the accompanying condensed consolidated statements of operations as derivative gain (loss). Realized and unrealized gain (loss) on derivative financial instruments designated as cash flow hedges that are entered into by the Company’s equity method investments are reported as a component of the Company’s other comprehensive income (loss) in proportion to the Company’s ownership percentage in the investment, with reclassifications and ineffective portions being included in equity in earnings (loss) of unconsolidated entities in the accompanying consolidated statements of operations.
	Fair Value Measurements — Fair value assumptions are based on the framework established in the fair value accounting guidance under GAAP. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels of fair value inputs:

		•	Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access.

		•	Level 2 — Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability either directly or indirectly; such as, quoted prices for similar assets or liabilities or other inputs that can be corroborated by observable market data.

		•	Level 3 — Unobservable inputs for the asset or liability, which are typically based on the Company’s own assumptions, as there is little, if any, related market activity.
	When market data inputs are unobservable, the Company utilizes inputs that it believes reflects the Company’s best estimate of the assumptions market participants would use in pricing the asset or liability. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.

	Mortgages and Other Notes Payable — Mortgages and other notes payable are recorded at the stated principal amount and are generally collateralized by the Company’s properties. Mortgages and other notes payable assumed in connection with an acquisition are recorded at fair market value as of the date of the acquisition.
	Shares Based Payments to Non-Employees — In connection with the advisor expense support and restricted stock agreement (the “Advisor Expense Support Agreement”) and the property manager expense support and restricted stock agreement (the “Property Manager Expense Support Agreement”) described in Note 11, “Related Party Arrangements,” (hereinafter collectively referred to as the “Expense Support Agreements”), the Company may issue subordinated forfeitable restricted stock (“Restricted Stock”) to the Advisor or the Property Manager on a quarterly basis in exchange for providing expense support in the event that cash distributions declared exceed modified funds from operations as defined by the Expense Support Agreements.
	The Restricted Stock is forfeited if shareholders do not ultimately receive their original invested capital back with at least a 6% annualized return of investment upon a future liquidity or disposition event of the Company. Upon issuance of Restricted Stock, the Company measures the fair value at its then-current lowest aggregate fair value pursuant to ASC 505-50. On the date in which the Advisor or the Property Manager satisfies the vesting criteria, the Company remeasures the fair value of the Restricted Stock pursuant to ASC 505-50 and records expense equal to the difference between the original fair value and that of the remeasurement date. In addition, given that performance is outside the control of the Advisor or the Property Manager and involves both market conditions and counterparty performance conditions, the shares are treated as unissued for accounting purposes and the Company only includes the Restricted Stock in the calculation of diluted earnings per share to the extent their effect is dilutive and the vesting conditions have been satisfied as of the reporting date.
	Pursuant to the Expense Support Agreements, the Advisor or the Property Manager shall be the record owner of the Restricted Stock until the shares of common stock are sold or otherwise disposed of, and shall be entitled to all of the rights of a stockholder of the Company including, without limitation, the right to vote such shares (to the extent permitted by the Articles) and receive all dividends and other distributions paid with respect to such shares. All dividends or other distributions actually paid to the Advisor or the Property Manager in connection with the Restricted Stock shall vest immediately and will not be subject to forfeiture. The Company recognizes expense related to the dividends on the Restricted Stock shares as declared.
	Acquisition Fees and Expenses — Acquisition fees, including investment services fees and expenses associated with transactions deemed to be business combinations (including investment transactions that are no longer under consideration), are expensed as incurred. Acquisition fees and expenses associated with making loans and with transactions deemed to be an asset purchase are capitalized. The Company incurred approximately $19.5 million, $10.6 million and $0.9 million in acquisitions fees and expenses during the years ended December 31, 2013, 2012 and 2011, respectively. For the years ended December 31, 2013 and 2012, approximately $0.1 million and $0.7 million, respectively, was capitalized as real estate under development, approximately $0.5 million and $3.3 million, respectively, was capitalized as investment in unconsolidated entities, approximately $0.1 million and $0, respectively, was capitalized as origination costs related to the note receivable from related party, and the remaining was expensed. There were no acquisition fees and expenses capitalized for the year ended December 31, 2011.

	Redemptions — Under the Company’s stock redemption plan, a stockholder’s shares are deemed to have been redeemed as of the date that the Company accepts the stockholder’s request for redemption. From and after such date, the stockholder by virtue of such redemption is no longer entitled to any rights as a stockholder in the Company. Shares redeemed are retired and not available for reissue.
	Revenue Recognition — Rental income from operating leases is recorded on the straight-line basis over the terms of the leases. The Company’s leases require the tenants to pay certain additional contractual amounts that are set aside by the Company for replacements of fixed assets and other improvements to the properties. These amounts are and will remain the property of the Company during and after the term of the lease. The amounts are recorded as capital improvement reserve income at the time that they are earned and are included in rental income from operating leases in the accompanying consolidated statement of operations. Additional percentage rent that is due contingent upon tenant performance thresholds, such as gross revenues, is deferred until the underlying performance thresholds have been achieved.
	Resident fees and services consist of monthly services, which include rent, assistance and other related services. Agreements with residents are generally for an initial term of 3 months and are cancelable by the residents with 30 days’ notice.
	Tenant reimbursement income represents amounts tenants are required to reimburse the Company in accordance with the terms of the leases and are recognized in the period in which the related reimbursable expenses are incurred.
	Interest income is recognized on an accrual basis when earned. Any deferred portion of contractual interest is recognized on a straight-line basis over the term of the corresponding note receivable. Loan origination fees incurred are recognized as a reduction in interest income over the term of the note receivable.
	Net Loss per Share — Net loss per share is calculated based upon the weighted average number of shares of common stock outstanding during the period in which the Company was operational. For the purposes of determining the weighted average number of shares of common stock outstanding, stock distributions are treated as if they were issued and outstanding for the full periods presented. Therefore, the weighted average number of shares outstanding for the years ended December 31, 2013, 2012 and 2011 have been revised to include stock distributions declared and issued through the date of this filing as if they were outstanding as of the beginning of each period presented.
	Segment Information — Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company has determined that it operates in one operating segment, real estate ownership. The Company’s chief operating decision maker evaluates the Company’s operations from a number of different operational perspectives including but not limited to a property-by-property basis and by tenant or operator. The Company derives all significant revenues from a single reportable operating segment of business, healthcare real estate regardless of the type (senior housing, medical office, etc.) or ownership structure (leased or managed). Accordingly, the Company does not report segment information; nevertheless, management periodically evaluates whether the Company continues to have one single reportable segment of business.
	Reclassifications — Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the current period presentation with no effect on previously reported total assets and total liabilities, net loss or stockholders’ equity.

	Income Taxes — The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended and related regulations beginning with the year ended December 31, 2012. In order to be taxed as a REIT, the Company is subject to certain organizational and operational requirements, including the requirement to make distributions to its stockholders each year of at least 90% of its REIT taxable income (which is computed without regard to the dividends-paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). If the Company qualifies for taxation as a REIT, the Company generally will not be subject to U.S. federal income tax on income that the Company distributes as dividends. If the Company fails to quality as a REIT in any taxable year, the Company will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost, unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and U.S. federal income and excise taxes on its undistributed income. The Company may also be subject to foreign taxes on investments outside of the United States based on the jurisdictions in which the Company conducts business.
	The Company has and will continue to form subsidiaries which may elect to be taxed as a TRS for U.S. federal income tax purposes. Under the provisions of the Internal Revenue Code and applicable state laws, a TRS will be subject to tax on its taxable income from its operations. The Company will account for federal and state income taxes with respect to a TRS using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and respective tax bases and operating losses and tax-credit forwards.
	Prior to the Company’s REIT election, it was subject to corporate federal and state income taxes. Prior to and including the year ended December 31, 2011, the Company did not have earnings. The tax years from 2010 to 2013 remain subject to examination by taxing authorities throughout the United States. The Company analyzed its material tax positions and determined that it has not taken any uncertain tax positions.
	Adopted Accounting Pronouncements — In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (AOCI).” This update clarified the guidance in subtopic 220 and requires preparers to report, in one place, information about reclassifications out of AOCI. The ASU also requires companies to report changes in AOCI balances. Effective January 1, 2013, the Company adopted this ASU. The adoption of this update did not have a material impact on the Company’s financial position, results of operations or cash flows.
	In December 2011, the FASB issued ASU No. 2011-11, “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (Topic 210).” This ASU also serves to amend the disclosure requirements in FASB ASU 815, “Derivatives and Hedging.” This ASU will require companies to provide both net amounts (those that are offset) and gross information (as if amounts are not offset) in notes to the financial statements. In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities”, that clarifies which instruments and transactions are subject to the offsetting disclosure requirement within the scope of ASU 2011-11. This ASU is effective for interim and annual periods beginning on or after January 1, 2013. The adoption of this ASU did not have a material effect on the Company’s financial statements and disclosures.

	In December 2011, the FASB issued ASU No. 2011-10, “Property, Plant, and Equipment (Topic 360): Derecognition of in Substance Real Estate — a Scope Clarification.” This update clarified the guidance in subtopic 360-20 as it applies to the derecognition of in substance real estate when the parent ceases to have a controlling financial interest in a subsidiary that is in substance real estate because of a default by the subsidiary on its nonrecourse debt. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after June 15, 2012. The Company has determined that the impact of this update will not have a material impact on the Company’s financial position, results of operations or cash flows.
	Recent Accounting Pronouncements — In February 2013, the FASB issued ASU No. 2013-04, “Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date.” This update clarified the guidance in subtopic 405 and requires entities to measure obligations resulting from joint and several liability arrangements for which total obligation is fixed at the reporting date. Entities are required to measure the obligation as the amount that the reporting entity agreed to pay on the basis of its arrangement among its co-obligors plus any additional amount the reporting entity expects to pay on behalf of its co-obligors. Additionally, the guidance requires entities to disclose the nature and amount of the obligations as well as other information about those obligations. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013 for public entities. The Company has determined that the impact of this update will not have a material impact on the Company’s financial position, results of operations or cash flows.
	In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a similar Tax Loss, or a Tax Credit Carryforward Exists.” This update clarified the guidance in subtopic 740 and requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward to the extent one is available. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013 for public entities. The Company has determined that the impact of this update will not have a material impact on the Company’s financial position, results of operations or cash flows.

Acquisitions

12 Months Ended

Dec. 31, 2013

Acquisitions

Real Estate Investment Properties — During the year ended December 31, 2013, the Company acquired the following 38 properties, which were comprised of six skilled nursing facilities (“SNFs”), 16 medical office buildings (“MOBs”), 15 senior housing communities and a specialty hospital:

Property Name

Location

Asset Type

Date

Purchase

Acquired

Price

(in thousands)

Perennial Communities (“Perennial SNFs”)

Batesville Healthcare Center

Batesville, AR

Skilled Nursing

5/31/13

6,206

Broadway Healthcare Center

West Memphis, AR

Skilled Nursing

5/31/13

11,799

Jonesboro Healthcare Center

Jonesboro, AR

Skilled Nursing

5/31/13

15,232

Magnolia Healthcare Center

Magnolia, AR

Skilled Nursing

5/31/13

11,847

Mine Creek Healthcare Center

Nashville, AR

Skilled Nursing

5/31/13

3,374

Searcy Healthcare Center

Searcy, AR

Skilled Nursing

5/31/13

7,898

LaPorte Cancer Center

Westville, IN

Medical Office

6/14/13

13,100

Knoxville Medical Office Properties (“Knoxville MOBs”)

Physicians Plaza A at North Knoxville Medical Center

Powell, TN

Medical Office

7/10/13

18,124

Physicians Plaza B at North Knoxville Medical Center

Powell, TN

Medical Office

7/10/13

21,800

Physicians Regional Medical Center – Central Wing Annex

Knoxville, TN

Medical Office

7/10/13

5,775

Jefferson Medical Commons

Jefferson City, TN

Medical Office

7/10/13

11,616

HarborChase of Jasper

Jasper, AL

Senior Housing

8/1/13

7,300

Medical Portfolio I Properties (“Medical Portfolio I”)

Doctors Specialty Hospital

Leawood, KS

Specialty Hospital

8/16/13

10,003

John C. Lincoln Medical Office Plaza I

Phoenix, AZ

Medical Office

8/16/13

4,420

John C. Lincoln Medical Office Plaza II

Phoenix, AZ

Medical Office

8/16/13

3,106

North Mountain Medical Plaza

Phoenix, AZ

Medical Office

8/16/13

6,185

Escondido Medical Arts Center

Escondido, CA

Medical Office

8/16/13

15,602

Chestnut Commons Medical Office Building

Elyria, OH

Medical Office

8/16/13

20,712

South Bay I Communities

Raider Ranch

Lubbock, TX

Senior Housing

8/29/13

55,000

Town Village

Oklahoma City, OK

Senior Housing

8/29/13

22,500

Calvert Medical Office Properties (“Calvert MOBs”)

Calvert Medical Office Building I, II, & III

Prince Frederick, MD

Medical Office

8/30/13

16,409

Calvert Medical Arts Center

Prince Frederick, MD

Medical Office

8/30/13

19,320

Dunkirk Medical Center

Dunkirk, MD

Medical Office

8/30/13

4,617

Property Name

Location

Asset Type

Date

Purchase

Acquired

Price

(in thousands)

Pacific Northwest I Communities

MorningStar of Billings

Billings, MT

Senior Housing

12/2/13

48,300

MorningStar of Boise

Boise, ID

Senior Housing

12/2/13

39,964

MorningStar of Idaho Falls

Idaho Falls, ID

Senior Housing

12/2/13

44,390

MorningStar of Sparks

Sparks, NV

Senior Housing

12/2/13

55,200

Prestige Senior Living Arbor Place

Medford, OR

Senior Housing

12/2/13

15,840

Prestige Senior Living Beaverton Hills

Beaverton, OR

Senior Housing

12/2/13

12,900

Prestige Senior Living Five Rivers

Tillamook, OR

Senior Housing

12/2/13

16,720

Prestige Senior Living High Desert

Bend, OR

Senior Housing

12/2/13

13,600

Prestige Senior Living Huntington Terrace

Gresham, OR

Senior Housing

12/2/13

15,020

Prestige Senior Living Orchard Heights

Salem, OR

Senior Housing

12/2/13

17,775

Prestige Senior Living Riverwood

Tualatin, OR

Senior Housing

12/2/13

9,700

Prestige Senior Living Southern Hills

Salem, OR

Senior Housing

12/2/13

12,870

Coral Springs Medical Office Buildings (“Coral Springs MOBs”)

Coral Springs Medical Office Building I

Coral Springs, FL

Medical Office

12/23/13

14,900

Coral Springs Medical Office Building II

Coral Springs, FL

Medical Office

12/23/13

16,100

Bay Medical Plaza

Chula Vista, CA

Medical Office

12/23/13

10,700

655,924

During the year ended December 31, 2012, the Company acquired the following 15 senior housing communities:

Name

Location

Structure

Date

Purchase

Acquired

Price

(in thousands)

Primrose I Communities

Primrose Retirement Community of Casper

Casper, WY

Senior Housing

2/16/12

18,839

Sweetwater Retirement Community

Billings, MT

Senior Housing

2/16/12

16,253

Primrose Retirement Community of Grand Island

Grand Island, NE

Senior Housing

2/16/12

13,273

Primrose Retirement Community of Mansfield

Mansfield, OH

Senior Housing

2/16/12

17,994

Primrose Retirement Community of Marion

Marion, OH

Senior Housing

2/16/12

17,691

Primrose II Communities

Primrose Retirement Community of Lima

Lima, OH

Senior Housing

12/19/12

18,627

Primrose Retirement Community of Zanesville

Zanesville, OH

Senior Housing

12/19/12

19,053

Primrose Retirement Community of Decatur

Decatur, IL

Senior Housing

12/19/12

18,120

Primrose Retirement Community of Council Bluffs

Council Bluffs, IA

Senior Housing

12/19/12

12,914

Primrose Retirement Community Cottages

Aberdeen, SD

Senior Housing

12/19/12

4,336

Capital Health Communities

Brookridge Heights Assisted Living & Memory Care

Marquette, MI

Senior Housing

12/21/12

13,500

Curry House Assisted Living & Memory Care

Cadillac, MI

Senior Housing

12/21/12

13,500

Symphony Manor

Baltimore, MD

Senior Housing

12/21/12

24,000

Woodholme Gardens Assisted Living & Memory Care

Pikesville, MD

Senior Housing

12/21/12

17,100

Tranquillity at Fredericktowne

Frederick, MD

Senior Housing

12/21/12

17,000

242,200

The following summarizes the allocation of the purchase price for the above properties, and the estimated fair values of the assets acquired and liabilities assumed during the years ended December 31, 2013 and 2012 (in thousands):

December 31,

2013

2012

Land and land improvements

39,834

16,162

Buildings and building improvements

555,342

211,322

Furniture, fixtures and equipment

13,718

4,887

Intangibles (1)

50,333

7,165

Other liabilities

(2,796

)

—

Net assets acquired

656,431

239,536

Present value of yield guaranty (2)

—

2,664

Contingent purchase price consideration (3)

(507

)

—

Total purchase price consideration

655,924

242,200

FOOTNOTES:

(1)

At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 4.6 years and 7.4 years, respectively. The acquired lease intangibles were comprised of approximately $42.5 million and $7.2 million of in-place lease intangibles, respectively, and approximately $7.8 million and $0 of other lease intangibles, respectively.

(2)

Amount included in other assets on the accompanying consolidated balance sheet as of December 31, 2013 and 2012.

(3)

Amount included in other liabilities on the accompanying consolidated balance sheet as of December 31, 2013.

For the years ended December 31, 2013 and 2012, the Company paid to the Advisor approximately $12.1 million and $4.5 million, respectively, of investment service fees and acquisition expenses to the Advisor related to the acquisitions of the properties presented above. See Note 11, “Related Party Arrangements,” for additional information related fees paid to the Advisor.

In conjunction with the acquisitions of the Capital Health Communities and Medical Portfolio I described above, the Company entered into a yield guaranty and earn-out agreement, respectively, with the seller; see Note 9, “Contingent Purchase Consideration,” for additional information related to these acquisitions.

In 2014, the Company acquired an additional five senior housing communities in Washington and Oregon totaling approximately $103.2 million (the “Pacific Northwest II Communities”), see Note 19, “Subsequent Events,” for additional information related to the properties.

The following table presents the unaudited pro forma results of operations for the Company assuming each of the 2013 acquisitions noted above (including the Pacific Northwest II Communities) were acquired as of January 1, 2012 and the unaudited pro forma results of operations for the Company assuming each of the 2012 acquisitions noted above were acquired as of January 1, 2011 (in thousands, except per share data):

Years ended December 31,

2013

2012

2011

(Unaudited)

Revenues

129,061

125,872

25,802

Net loss (1)

(14,970

)

(40,483

)

(15,030

)

Net income (loss) per share of common stock (basic and diluted)

(0.26

)

(0.87

)

(1.23

)

Weighted average number of shares of common stock outstanding (basic and diluted) (2)

58,192

46,589

12,199

FOOTNOTES:

(1)

The unaudited pro forma results for the years ended December 31, 2013 and 2012 were adjusted to exclude approximately $18.4 million and $6.3 million, respectively, of acquisition fees and expenses. The unaudited pro forma results for the year ended December 31, 2012 and 2011 were adjusted to include these charges as if the properties had been acquired on January 1, 2012 and 2011, respectively.

(2)

As a result of the properties being treated as operational since January 1, 2012 and 2011, the Company assumed approximately 36.2 million and 9.6 million additional shares, respectively, were issued as of January 1, 2012 and 2011, respectively. Consequently, the weighted average number of shares outstanding was adjusted to reflect this amount of shares being issued on January 1, 2012 and 2011, instead of actual dates on which the shares were issued, and such shares were treated as outstanding as of the beginning of the period presented. In addition, for purposes of determining the weighted average number of shares of common stock outstanding, stock distributions are treated as if they were outstanding as of the beginning of the periods presented.

The revenues and net losses (including deductions for acquisition fees and expenses and depreciation and amortization expense) attributable to the acquisitions included in the Company’s consolidated statements of operations were approximately $19.4 million and $15.8 million, respectively, for the year ended December 31, 2013 and $7.4 million and $5.6 million, respectively, for the year ended December 31, 2012. There were no acquisitions for the year ended December 31, 2011.

Real Estate Under Development — In August 2013, the Company acquired a tract of land adjacent to the South Bay Communities in Lubbock, Texas for $3.0 million. In connection with the acquisition, the Company entered into a development agreement with a third party developer consisting of three potential development phases. The first phase of development is comprised of a maximum development budget of approximately $12.1 million, including the allocated purchase price of the land for the first phase of approximately $1.1 million, for the construction and development of an independent living community on the Raider Ranch campus (“Raider Ranch Phase One Development”). The remaining two phases of development are at the option of the Company; however, as of December 31, 2013, no formal undertakings have commenced with regards to these additional development phases.

As of December 31, 2013, the Company paid to the Advisor approximately $0.1 million of investment service fees and acquisition expenses related to the Raider Ranch Phase One Development, which have been capitalized and included in real estate under development.

Real_Estate_Assets_net

Real Estate Assets, net	12 Months Ended
Real Estate Assets, net	Dec. 31, 2013
Real Estate Assets, net	'
	4	Real Estate Assets, net
	The gross carrying amount and accumulated depreciation of the Company’s real estate assets as of December 31, 2013 and December 31, 2012 are as follows (in thousands):


			2013			2012

	Land and land improvements		$	59,208		$	16,162
	Building and building improvements			783,260			211,322
	Furniture, fixtures, equipment and vehicles			20,339			4,887
	Less: accumulated depreciation			(14,016	)		(1,960	)

	Real estate investment properties, net			848,791			230,411
	Real estate under development, including land			17,409			8,462

	Total real estate assets, net		$	866,200		$	238,873

	For the years ended December 31, 2013 and 2012, depreciation expense on the Company’s real estate investment properties was approximately $12.0 million and $2.0 million, respectively. There was no depreciation expense for the year ended December 31, 2011.
	In December 2013, the Company completed the construction and development of a senior housing community in Lady Lake, Florida (“HarborChase of Villages Crossing”). HarborChase of Villages Crossing opened to residents beginning in January 2014 and was considered placed into service in December 2013 upon receipt of the certificate of occupancy. As such, the asset values related to HarborChase of Villages Crossing are included in real estate investment properties, net in the accompanying consolidate balance sheet as of December 31, 2013.
	As of December 31, 2013, the Company had incurred approximately $14.3 million of development costs related to the development of a senior housing community in Acworth, Georgia (“Dogwood Forest of Acworth”), which includes both direct and indirect development costs and was funded primarily by the construction loan collateralized by the development.

Intangibles_net

Intangibles, net	12 Months Ended
Intangibles, net	Dec. 31, 2013
Intangibles, net	'
	5	Intangibles, net
	The gross carrying amount and accumulated amortization of the Company’s intangible assets and liabilities as of December 31, 2013 and 2012 are as follows (in thousands):


			December 31,			December 31,
			2013			2012
	In-place lease intangibles		$	49,642		$	7,165
	Above-market lease intangibles			3,704			—
	Below-market ground lease intangibles			4,153			—
	Less: accumulated amortization			(5,099	)		(141	)

	Intangible assets, net		$	52,400		$	7,024


	Below-market lease intangibles		$	(2,987	)	$	—
	Above-market ground lease intangibles			(317	)		—
	Less: accumulated amortization			168			—

	Intangible liabilities, net		$	(3,136	)	$	—

	Amortization expense on the Company’s intangible assets was approximately $5.0 million for the year ended December 31, 2013, of which approximately $0.2 million was treated as a reduction of rental income from operating leases, approximately $0.1 million was treated as an increase of property operating expenses and approximately $4.7 million was included in depreciation and amortization. Amortization expense on the Company’s intangible assets was approximately $0.1 million for the year ended December 31, 2012, respectively, which was all included in depreciation and amortization. There was no amortization expense for the year ended December 31, 2011.
	Amortization expense on the Company’s intangible liabilities was approximately $0.2 million for the year ended December 31, 2013, of which approximately $0.2 million was treated as an increase of rental income from operating leases and approximately $3,000 was treated as a reduction of property operating expenses. There was no amortization expense on the Company’s intangible liabilities for the year ended December 31, 2012.
	The estimated future amortization on the Company’s intangible assets and liabilities for each of the next five years and thereafter, in the aggregate, as of December 31, 2013 is as follows (in thousands):


			Assets			Liabilities
	2014		$	14,821		$	(500	)
	2015			12,938			(447	)
	2016			6,429			(412	)
	2017			3,371			(377	)
	2018			2,871			(308	)
	Thereafter			11,970			(1,092	)

			$	52,400		$	(3,136	)

	As of December 31, 2013, the weighted average useful life of in-place leases was 3.5 years.

Operating_Leases

Operating Leases	12 Months Ended
Operating Leases	Dec. 31, 2013
Operating Leases	'
	6	Operating Leases
	As of December 31, 2013, the Company owned 33 properties that were leased to tenants on a triple-net, net or modified gross basis, and accounted for as operating leases; of which, 19 are single-tenant properties that are 100% leased under operating leases and the remaining 14 are multi-tenant properties that are leased under operating leases. The Company’s leases had a weighted average remaining lease term of 7.7 years based on annualized base rents expiring between 2014 and 2030, subject to the tenants’ options to extend the lease periods ranging from two to ten years.
	Under the terms of the Company’s triple-net lease agreements, each tenant is responsible for the payment of property taxes, general liability insurance, utilities, repairs and maintenance, including structural and roof expenses. Each tenant is expected to pay real estate taxes directly to taxing authorities. However, if the tenant does not pay, the Company will be liable. The total annualized property tax assessed on these newly acquired properties as of December 31, 2013 was approximately $1.3 million.
	Under the terms of the multi-tenant lease agreements that have third-party property managers, each tenant is responsible for the payment of their proportionate share of property taxes, general liability insurance, utilities, repairs and common area maintenance. These amounts are billed monthly and recorded as tenant reimbursement income in the accompanying consolidated statements of operations.
	The following is a schedule of future minimum lease payments to be received, for each of the next five years and thereafter, under non-cancellable operating leases as of December 31, 2013 (in thousands):


	2014		$	36,089
	2015			34,955
	2016			33,564
	2017			32,754
	2018			32,209
	Thereafter			128,395

			$	297,966

	The above future minimum lease payments to be received excludes tenant reimbursements, straight-line rent adjustments, amortization of above-market lease intangibles and base rent attributable to any renewal options exercised by the tenants in the future.

Variable_Interest_Entities

Variable Interest Entities	12 Months Ended
Variable Interest Entities	Dec. 31, 2013
Variable Interest Entities	'
	7	Variable Interest Entities
	Consolidated VIEs — The Company has nine wholly-owned subsidiaries, which are VIEs due to following:

		-1	Three of these subsidiaries are single property entities, designed to own and lease their respective properties to single tenants, for which buy-out options are held by the respective tenants that are formula based.

		-2	Three of these subsidiaries are single property entities, designed to own and lease their respective properties to multiple tenants, which are subject to either a ground lease or an air rights lease that include buy-out and put options held by either the tenant or landlord under the applicable lease.

		-3	Three of these subsidiaries are development entities in which the third-party developers have an opportunity to earn promoted interest payments after certain net operating income targets and internal rate of return targets have been met.
	The Company determined it is the primary beneficiary and holds a controlling financial interest in each of the aforementioned property and development entities due to the Company’s power to direct the activities that most significantly impact the economic performance of the entities, as well as its obligation to absorb the losses and its right to receive benefits from these entities that could potentially be significant to these entities. As such, the transactions and accounts of these VIEs are included in the accompanying condensed consolidated financial statements. The Company did not own these entities as of December 31, 2012.
	The aggregate carrying amount and major classifications of the consolidated assets that can be used to settle obligations of the VIEs and liabilities of the consolidated VIEs that are non-recourse to the Company as of December 31, 2013 and 2012 are as follows (in thousands):


			December 31,		December 31,
			2013		2012
	Assets:
	Real estate investment properties, net		$	72,053	$	—

	Real estate under development, including land		$	16,210	$	8,399

	Intangibles, net		$	4,535	$	—

	Cash		$	727	$	9

	Loan costs, net		$	912	$	548

	Other		$	382	$	467


	Liabilities:
	Mortgages and other notes payable		$	52,596	$	2

	Accounts payable and accrued expenses		$	309	$	7

	Accrued development costs		$	7,047	$	311

	Other liabilities		$	939	$	—

	Due to related parties		$	112	$	71

	The Company’s maximum exposure to loss as a result of its involvement with these VIEs is limited to its net investment in these entities which totaled approximately $33.8 million as of December 31, 2013. The Company’s exposure is limited because of the non-recourse nature of the borrowings of the VIEs.
	Unconsolidated VIEs — The Company determined that the borrowing entity under its note receivable from related party represents a VIE due to the transaction structure; refer to Note 11, “Related Party Arrangements” for additional information.

Unconsolidated_Entities

Unconsolidated Entities	12 Months Ended
Unconsolidated Entities	Dec. 31, 2013
Unconsolidated Entities	'
	8	Unconsolidated Entities
	In January 2013, the Company acquired a 90% membership interest in a two-story MOB in Claremont, California for approximately $7.0 million in equity through a joint venture (“Montecito Joint Venture”) formed by the Company and its co-venture partner, an unrelated party, that holds the remaining 10% interest. The total acquisition price for the MOB was approximately $19.8 million. Under the terms of the venture agreement, operating cash flows will be distributed to the Company and its co-venture partner on a pro rata basis. The Company accounts for this investment under the equity method of accounting because the decisions that significantly impact the entity are shared between the Company and its co-venture partner.
	The Montecito Joint Venture obtained a five-year credit facility for a maximum aggregate principal amount of $35 million, of which $12.5 million was funded in connection with the acquisition of the MOB and an additional $0.4 million was funded upon completion of certain tenant improvements. The non-recourse loan which is collateralized by the property and future properties that may be funded under the facility matures in January 2018 and bears interest at a rate equal to the sum of LIBOR plus 2.6% per annum, payable monthly. The loan requires interest-only payments on the outstanding principal amount through July 2014 and monthly payments thereafter of principal and interest based upon a 360-month amortization schedule. In addition, the Montecito Joint Venture entered into a three-year forward starting swap with a notional amount of $12.4 million related to the credit facility balance which will bear interest at a fixed rate of 3.935% in years three through five. Refer to Note 13, “Derivative Financial Instruments” for additional information.
	In April 2013, the Company, through its Windsor Manor joint venture, acquired a 75% membership interest in two additional senior housing properties located in Iowa collectively valued at approximately $12.2 million (the “Windsor Manor II Communities”). In connection with the acquisition, the Windsor Manor joint venture assumed two non-recourse loans encumbering the Windsor Manor II Communities with total outstanding principal balances of approximately $6.0 million. The Company accounts for this investment under the equity method of accounting because the decisions that significantly impact the entity are shared between the Company and its co-venture partner.
	For the year ended December 31, 2013, the Company capitalized approximately $0.5 million of investment service fees and acquisition expenses related to the Company’s investments in the Montecito and Windsor Manor joint ventures. The acquisition fees and expenses create an outside basis difference that are allocated to the assets of the investee and, if assigned to depreciable or amortizable assets, the basis differences are then amortized as a component of equity in earnings (loss) of unconsolidated entities.
	In June 2012, the Company acquired a 55% membership interest in seven senior housing communities for approximately $56.7 million in equity through a joint venture (“CHTSunIV”) formed by the Company and its co-venture partner, an unrelated party, that held the remaining 45% interest. On July 1, 2013, pursuant to a purchase and sale agreement with Health Care REIT, Inc. (“HCN”), dated December 18, 2012, between CHTSunIV and HCN, the Company completed the sale of its joint venture membership interest for a sales price of approximately $61.8 million, net of transaction costs, which reflects an aggregate gain of approximately $4.5 million that is recorded as a gain on sale of investment in unconsolidated entity in the accompanying statement of operations for the year ended December 31, 2013.
	The following tables present financial information for each of the Company’s unconsolidated entities for the years ended December 31, 2013 and 2012 (in thousands):

			For the year ended December 31, 2013
			Montecito (2)				CHTSunIV (4)				Windsor				Total
			Montecito (2)				CHTSunIV (4)				Manor (2)				Total
	Revenues		$	1,700			$	24,107			$	7,391			$	33,198

	Operating income (3)		$	230			$	3,603			$	67			$	3,900

	Net loss		$	(159	)		$	(46	)		$	(840	)		$	(1,045	)

	Loss allocable to other venture partners (1)		$	(16	)		$	(1,365	)		$	(1,870	)		$	(3,251	)

	Income (loss) allocable to the Company (1)		$	(143	)		$	1,319			$	1,030			$	2,206
	Amortization of capitalized acquisition costs			(8	)			(36	)			(15	)			(59	)

	Equity in earnings (loss) of unconsolidated entities		$	(151	)		$	1,283			$	1,015			$	2,147

	Distributions declared to the Company		$	870			$	2,990			$	666			$	4,526

	Distributions received by the Company		$	699			$	4,458			$	336			$	5,493


			For the Year Ended December 31, 2012
			Montecito				CHTSunIV (2)				Windsor				Total
			Montecito				CHTSunIV (2)				Manor (2)				Total
	Revenues		$	—			$	23,913			$	1,594			$	25,507

	Operating income (loss)		$	—			$	1,872			$	(54	) (3)		$	1,818

	Net loss		$	—			$	(703	)		$	(288	)		$	(991	)

	Loss allocable to other venture partners (1)		$	—			$	(1,703	)		$	(471	)		$	(2,174	)

	Income allocable to the Company (1)		$	—			$	1,000			$	183			$	1,183
	Amortization of capitalized acquisition costs			—				(36	)			(4	)			(40	)

	Equity in earnings of unconsolidated entities		$	—			$	964			$	179			$	1,143


	Distributions declared to the Company		$	—			$	3,075			$	49			$	3,124

	Distributions received by the Company		$	—			$	1,607			$	—			$	1,607

	FOOTNOTES:
	-1	Income (loss) is allocated between the Company and its joint venture partner using the HLBV method of accounting.
	-2	Represents operating results from the date of acquisition through the end of the periods presented.
	-3	Includes approximately $0.4 million and $0.3 million of non-recurring acquisition expenses incurred by Montecito and Windsor Manor for the year ended December 31, 2013. Includes approximately $0.03 million of non- recurring acquisition expenses incurred by Windsor Manor for the year ended December 31, 2012.
	-4	In July 2013, the Company completed the sale of its joint venture membership interest in CHTSunIV.
	The Company did not hold any interest in investments in unconsolidated entities during the year ended December 31, 2011.
	The following tables present financial information for each of the Company’s unconsolidated entities as of December 31, 2013 and 2012 (in thousands):

			As of December 31, 2013
			Montecito				CHTSun IV				Windsor				Total
			Montecito				CHTSun IV				Manor				Total
	Real estate assets, net		$	17,271			$	—			$	27,547			$	44,818

Intangible assets, net		$	1,925			$	—			$	1,284			$	3,209

Goodwill		$	—			$	—			$	—			$	—

Other assets		$	800			$	—			$	2,055			$	2,855

Mortgages and other notes payable		$	12,958			$	—			$	17,508			$	30,466

Other liabilities		$	327			$	—			$	1,471			$	1,798

Partners’ capital		$	6,711			$	—			$	11,907			$	18,618

Carrying amount of investment (1)		$	6,526			$	—			$	11,912			$	18,438

Company’s ownership percentage			90	%			—				75	%

FOOTNOTE:
-1	As of December 31, 2013, the Company’s share of partners’ capital determined under HLBV pursuant to the terms of each entity’s respective partnership agreement was approximately $17.5 million. The difference between the Company’s carrying amount of the investment and the Company’s share of partners’ capital determined under HLBV was approximately $0.9 million.

		As of December 31, 2012
		Montecito				CHTSun IV				Windsor				Total
		Montecito				CHTSun IV				Manor				Total
Real estate assets, net		$	—			$	226,473			$	17,324			$	243,797

Intangible assets, net		$	—			$	564			$	1,065			$	1,629

Goodwill		$	—			$	7,597			$	—			$	7,597

Other assets		$	—			$	6,578			$	986			$	7,564

Mortgages and other notes payable		$	—			$	127,792			$	12,380			$	140,172

Other liabilities		$	—			$	14,084			$	670			$	14,754

Partners’ capital		$	—			$	99,336			$	6,325			$	105,661

Carrying amount of investment (1)		$	—			$	58,934			$	5,626			$	64,560

Company’s ownership percentage			—				55	%			75	%

FOOTNOTE:
-1	As of December 31, 2012, the Company’s share of partners’ capital determined under HLBV pursuant to the terms of each entity’s respective partnership agreement was approximately $61.3 million. The difference between the Company’s carrying amount of the investment and the Company’s share of partners’ capital determined under HLBV was approximately $3.3 million.

Contingent_Purchase_Price_Cons

Contingent Purchase Price Consideration	12 Months Ended
Contingent Purchase Price Consideration	Dec. 31, 2013
Contingent Purchase Price Consideration	'
	9	Contingent Purchase Price Consideration
	In connection with the acquisition of the Capital Health Communities in 2012, discussed in Note 3, “Acquisitions,” the Company required that approximately $7.0 million of the purchase price be placed in an escrow account as the seller guaranteed the Company an annual return of at least $6.9 million, $7.0 million, and $7.1 million of net operating income on the acquired properties during 2013, 2014 and 2015, respectively (“Yield Guaranty”). At the time of acquisition, the Company allocated approximately $2.7 million to the fair value of contingent purchase price consideration as part of the total consideration transferred based on the probability of future Yield Guaranty payments. The seller was required to perform under the Yield Guaranty and release approximately $2.6 million of the approximate $7 million held in escrow to the Company as a guaranteed return for the year ended December 31, 2013.
	As of December 31, 2013, the Company determined the fair value of the Yield Guaranty to be $4.5 million, which was recorded as other assets in the accompanying consolidated balance sheet. This was based on lower than expected occupancy and revised projections of future net operating income. As a result, the Company revised its estimate of fair value and recorded an adjustment to the contingent purchase price consideration as a reduction of approximately $1.8 million to operating loss in the accompanying consolidated statements of operations for the year ended December 31, 2013.
	The fair value was based on a then-current income approach that is primarily determined based on the present value and probability of future cash flows using internal underwriting models. Since this methodology includes inputs that are less observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair value related to the Company’s contingent purchase price consideration is categorized as level 3 on the three-level fair value hierarchy.
	The following table provides a roll-forward of the fair value of the contingent purchase price consideration related to the Capital Health Communities for the years ended December 31, 2013 and 2012 (in thousands):


			Year Ended December 31,
			2013		2012
	Beginning balance		$	2,664	$	—
	Contingent consideration in connection with acquisition			—		2,664
	Change in fair value			1,824		—

	Ending balance		$	4,488	$	2,664

	In conjunction with the acquisition of Medical Portfolio I discussed in Note 3, “Acquisitions,” the Company entered into an earn-out agreement with the seller related to Cleveland Clinic, the tenant at Chestnut Commons, whereby the tenant maintains an exercisable right to expand the leased space by an additional 10,000 square feet within 24 months of the property acquisition closing. The earn-out fee will be equal to (a) the base rent due for the first full year of the lease applicable to the expansion space divided by 8% minus (b) the costs incurred by the Company in connection with the exercise by Cleveland Clinic of its option for the expansion space, including tenant improvement costs, multiplied by 50%. As of the acquisition date and December 31, 2013, approximately $0.5 million of the purchase price was allocated to this contingent purchase consideration and is recorded as other liabilities in the accompanying consolidated balance sheet.

Indebtedness

Indebtedness	12 Months Ended
Indebtedness	Dec. 31, 2013
Indebtedness	'
	10	Indebtedness
	The following table provides details of the Company’s mortgages and other notes payable as of December 31, 2013 and 2012 (in thousands):


	Property and Related Loan Type		Interest Rate at		Payment Terms	Maturity	Outstanding
			December 31,			Date (2)	Principal Balance
			2013 (1)				As of December 31,
							2013		2012

	Perennial SNFs;		LIBOR plus		Monthly interest only payments through 2015; principal and interest payments thereafter based on a 30-year amortization schedule	5/31/16	$	30,000	$	—
	Mortgage loan (3)		4.25% per annum			5/31/16	$	30,000	$	—
	Calvert MOBs ;		LIBOR plus		Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule	8/30/18		26,274		—
	Mortgage loan (4)		2.50% per annum			8/30/18		26,274		—
	Medical Portfolio I;		LIBOR plus		Monthly principal and interest payments based on a 30-year amortization schedule	9/5/16		35,512		—
	Mortgage loan (5)		2.65% per annum			9/5/16		35,512		—
	HarborChase of Villages Crossing;		LIBOR plus		Monthly interest only payments through 2015; principal and interest payments thereafter based on a 30-year amortization schedule	9/1/17		13,130		—
	Construction loan		3.2% per annum			9/1/17		13,130		—
	Dogwood Community;		LIBOR plus		Monthly interest only payments through 2015; principal and interest payments thereafter based on a 30-year amortization schedule	1/1/18		3,765		—
	Construction loan		3.2% per annum			1/1/18		3,765		—
	Knoxville MOBs;		LIBOR plus		Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule	7/10/18		38,609		—
	Mortgage loan (6)		2.50% per annum			7/10/18		38,609		—
	Primrose II Communities;		-8		Monthly interest only payments based on LIBOR plus 3.75% per annum	-8		—		49,687
	Bridge loan		-8			-8		—		49,687

					Total variable rate debt			147,290		49,687


	Pacific Northwest I Communities;		4.30% per annum		Monthly principal and interest payments based on a 30-year amortization schedule	12/5/18		157,549		—
	Mortgage loan		4.30% per annum			12/5/18		157,549		—
	Capital Health Communities;		4.25% per annum		Monthly principal and interest payments based on a 25-year amortization schedule	1/1/20		47,481		48,500
	Mortgage loan		4.25% per annum			1/1/20		47,481		48,500
	Primrose II Communities;		3.81% per annum		Monthly principal and interest payments based on a 30-year amortization schedule	6/1/20		23,337		—
	Mortgage loan		3.81% per annum			6/1/20		23,337		—
	Primrose I Communities;		4.11% per annum		Monthly principal and interest payments based on a 30-year amortization schedule	9/1/22		54,031		54,964
	Mortgage loan (7)		4.11% per annum			9/1/22		54,031		54,964
	LaPorte Cancer Center;		4.25% per annum		Monthly interest only payments	6/14/28		8,419		—
	Mortgage loan		through 2020		Monthly interest only payments	6/14/28		8,419		—
	CHTSun IV; Mezzanine loan		-9		Monthly interest only payments of 8.0% per annum	-9		—		40,000

					Total fixed rate debt		$	290,817	$	143,464

					Total debt		$	438,107	$	193,151


	FOOTNOTES:

	(1)	The 30-day London Interbank Offered Rate (“LIBOR”) was approximately 0.2% as of December 31, 2013 and 2012, respectively.
	(2)	Represents the initial maturity date (or, as applicable, the maturity date as extended). The maturity date may be extended beyond the date shown subject to certain lender conditions.
	(3)	The Company entered into a two-year forward interest rate swap with a notional amount of $30 million; see Note 13, “Derivative Financial Instruments” for additional information.
	(4)	The Company entered into a three-year forward interest rate swap with a notional amount of $26.1 million; see Note 13, “Derivative Financial Instruments” for additional information.
	(5)	The Company entered into a two-year forward interest rate swap with a notional amount of $30 million; see Note 13, “Derivative Financial Instruments” for additional information.
	(6)	The Company entered into a three-year forward interest rate swap with a notional amount of $38.3 million; see Note 13, “Derivative Financial Instruments” for additional information.
	(7)	If prepaid prior to March 1, 2022, the Primrose I Communities Mortgage Loan is subject to a prepayment penalty in an amount equal to the greater of (i) 1% of the principal being repaid, or (ii) an amount calculated on the principal being repaid, multiplied by the difference between the Primrose I Communities Mortgage Loan interest rate, and a calculated yield rate tied to the rates on applicable U.S. Treasuries. If prepayment is made between March 1, 2022, and May 31, 2022, the prepayment penalty will be 1% of the outstanding principal balance of the Primrose I Communities Mortgage Loan. No prepayment fee is required if the Primrose I Communities Mortgage Loan is prepaid between June 1, 2022 and maturity. Partial prepayment of a loan is not permitted. The loan is transferable upon sale of the assets subject to lender approval.
	(8)	The Company refinanced this bridge loan with the Primrose II Communities mortgage loan detailed herein.
	(9)	For the year ended December 31, 2013, the Company recorded a write-off of approximately $0.2 million as a loss on the early extinguishment of debt and paid an exit fee of $0.8 million upon the repayment of the CHTSunIV mezzanine loan prior to its maturity date. These amounts are included in interest expense and loan cost amortization in the accompanying consolidated statement of operations.

	In August 2013, through its limited partnership, the Company entered into a credit facility which provides for a revolving line of credit in an initial aggregate principal amount of $120 million, which was increased to $240 million subsequent to December 31, 2013 and includes a $10 million sub-facility for stand-by letters of credit and a $10 million sub-facility for swing-line advances for intermittent borrowings, with the availability to increase the amount of such revolving line of credit facility to a maximum outstanding aggregate principal amount of $325 million (“Revolving Credit Facility”). The Revolving Credit Facility has an initial term of three years, with one 12-month extension option available upon payment of an extension fee equal to 0.25% of the then-outstanding principal amount of the Revolving Credit Facility. Monthly payments are due based on fluctuating LIBOR between 2.25% and 3.25% and base rates of 1.25% to 2.25% based on our loan to value ratio. As of December 31, 2013, the Revolving Credit Facility had an outstanding principal balance of approximately $98.5 million and is collateralized by nine properties with an aggregate net book carrying value of approximately $159.5 million.
	The Company’s Revolving Credit Facility contains affirmative, negative, and financial covenants which are customary for loans of this type, including without limitation: (i) limitations on incurrence of additional indebtedness; (ii) restrictions on payments of cash distributions except if required by REIT requirements; (iii) minimum occupancy levels for collateralized properties; (iv) minimum loan-to-value and debt service coverage ratios with respect to collateralized properties; (v) maximum leverage, secured recourse debt, and unimproved land/development property ratios; (vi) minimum fixed charge coverage ratio and minimum consolidated net worth, unencumbered liquidity, and equity raise requirements; (vii) limitations on certain types of investments and additional indebtedness; and (viii) minimum liquidity. The limitations on distributions includes a limitation on the extent of allowable distributions, which are not to exceed the greater of 95% of adjusted FFO (as defined per the loan agreement) and the minimum amount of distributions required to maintain the Company’s REIT status. As of December 31, 2013, the Company was in compliance with all affirmative, negative and financial covenants.
	All of the Company’s mortgage and construction loans contain customary financial covenants and ratios; including (but not limited to) the following: debt service coverage ratio, minimum occupancy levels, limitations on incurrence of additional indebtedness, etc. As of December 31, 2013, the Company was in compliance with all financial covenants and ratios.
	The following is a schedule of future principal payments and maturity for the Company’s borrowings as of December 31, 2013 (in thousands):


	2014		$	7,169
2015			9,704
2016			171,152
2017			22,046
2018			208,231
Thereafter			118,305

		$	536,607

The fair market value and carrying value of the mortgage and other notes payable was approximately $431.4 million and $438.1 million, respectively, and both the fair market value and carrying value of the Revolving Credit Facility were $98.5 million as of December 31, 2013. These fair market values are based on current rates and spreads the Company would expect to obtain for similar borrowings. The fair market value and carrying value of the mortgage notes payable was $193.2 million as of December 31, 2012, respectively. Since this methodology includes inputs that are less observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair values related to our mortgage notes payable is categorized as level 3 on the three-level valuation hierarchy. The estimated fair value of accounts payable and accrued expenses approximates the carrying value as of December 31, 2013 and 2012 because of the relatively short maturities of the obligations.

Related_Party_Arrangements

Related Party Arrangements	12 Months Ended
Related Party Arrangements	Dec. 31, 2013
Related Party Arrangements	'
	11	Related Party Arrangements
	The Company is externally advised and has no direct employees. All of the Company’s executive officers are executive officers, or are on the board, of managers of the Advisor. In addition, certain directors and officers hold similar positions with CNL Securities Corp., the managing dealer of the Offering and a wholly owned subsidiary of CNL (the “Managing Dealer”). In connection with services provided to the Company, affiliates are entitled to the following fees:
	Managing Dealer — The Managing Dealer receives selling commissions and marketing support fees of up to 7% and 3%, respectively, of gross offering proceeds for shares sold, excluding shares sold pursuant to the Company’s Reinvestment Plan, all or a portion of which may be paid to participating broker dealers by the Managing Dealer.
	Advisor — The Advisor and certain affiliates are entitled to receive fees and compensation in connection with the acquisition, management and sale of the Company’s assets, as well as the refinancing of debt obligations of the Company or its subsidiaries. In addition, the Advisor and its affiliates are entitled to reimbursement of actual costs incurred on behalf of the Company in connection with the Company’s organizational, Offering, acquisition and operating activities. Pursuant to the advisory agreement, the Advisor receives investment services fees equal to 1.85% of the purchase price of properties (including proportionate share of properties acquired through joint ventures) for services rendered in connection with the selection, evaluation, structure and purchase of assets. In addition, the Advisor is entitled to receive a monthly asset management fee of 0.08334% of the average real estate asset value (as defined in the advisory agreement) of the Company’s properties, including its proportionate share of properties owned through joint ventures. The Advisor will also receive a financing coordination fee for services rendered with respect to refinancing of any debt obligations of the Company or its subsidiaries equal to 1.0% of the gross amount of the refinancing.
	The Company will pay the Advisor a disposition fee in an amount equal to (i) in the case of the sale of real property, the lesser of (A) one-half of a competitive real estate commission, or (B) 1% of the sales price of such property, and (ii) in the case of the sale of any asset other than real property or securities, 1% of the sales price of such asset, if the Advisor, its affiliates or related parties provide a substantial amount of services, as determined by the Company’s independent directors, in connection with the sale of one or more assets (including a sale of all of its assets or the sale of it or a portion thereof). The Company will not pay its Advisor a disposition fee in connection with the sale of securities that are investments; however, a disposition fee in the form of a usual and customary brokerage fee may be paid to an affiliate or related party of the Advisor if, such affiliate is properly licensed.
	Under the advisory agreement and the Company’s articles of incorporation, the Advisor will be entitled to receive certain subordinated incentive fees upon (a) sales of assets and/or (b) a listing (which would also include the receipt by the Company’s stockholders of securities that are approved for trading on a national securities exchange in exchange for shares of the Company’s common stock as a result of a merger, share acquisition or similar transaction). However, once a listing occurs, the Advisor will not be entitled to receive an incentive fee on sales of assets. The incentive fees are calculated pursuant to formulas set forth in both the advisory agreement and the Company’s articles of incorporation. All incentive fees payable to the Advisor are subordinated to the return to investors of their invested capital plus a 6% cumulative, noncompounded annual return on their invested capital. Upon termination or non-renewal of the advisory agreement by the Advisor for good reason (as defined in the advisory agreement) or by the Company other than for cause (as defined in the advisory agreement), a listing or sale of assets after such termination or non-renewal will entitle the Advisor to receive a pro-rated portion of the applicable subordinated incentive fee.
	In addition, the Advisor or its affiliates may be entitled to receive fees that are usual and customary for comparable services in connection with the financing, development, construction or renovation of a property, subject to approval of the Company’s board of directors, including a majority of its independent directors.

	In March 2013, the Company entered into the Advisor Expense Support Agreement pursuant to which the Advisor has agreed to accept certain payments in the form of forfeitable restricted common stock of the Company in lieu of cash for asset management fees and specified expenses owed by the Company to the Advisor under the advisory agreement. The term of the Advisor Expense Support Agreement runs from April 1, 2013 until December 31, 2014, subject to the right of the Advisor to terminate the Advisor Expense Support Agreement upon 30 days’ written notice to the Company.
	Commencing on April 1, 2013, the Advisor shall provide expense support to the Company through forgoing the payment of fees in cash and acceptance of restricted stock for services rendered and specified expenses incurred in an amount equal to the positive excess, if any, of (a) aggregate stockholder cash distributions declared for the applicable quarter, over (b) the Company’s aggregate modified funds from operations (as defined in the Advisor Expense Support Agreement). The Advisor expense support amount shall be determined for each calendar quarter of the Company, on a non-cumulative basis, with each such quarter-end date (“Determination Date”).
	Property Manager — Pursuant to a property management agreement, as amended in 2012, the Property Manager receives property management fees of (a) 2% of annual gross rental revenues from single tenant properties, and (b) 4% of annual gross rental revenues from multi-tenant properties. In the event that the Company contracts directly with a third-party property manager, the Company may pay the Property Manager an oversight fee of up to 1% of annual gross revenues of the property managed; however, in no event will the Company pay both a property management fee and an oversight fee with respect to the same property. The Company will pay to the Property Manager a construction management fee equal to 5% of hard and soft costs associated with the initial construction or renovation of a property, or with the management and oversight of expansion projects and other capital improvements, in those cases in which the value of the construction, renovation, expansion or improvements exceeds (i) 10% of the initial purchase price of the property, and (ii) $1.0 million, which fee will be due and payable upon completion of such projects.
	In August 2013, the Company entered into the Property Manager Expense Support Agreement pursuant to which the Property Manager has agreed to accept certain payments in the form of forfeitable restricted common stock of the Company in lieu of cash for property management services owed by the Company to the Property Manager under the property management and leasing agreement. The term of the Property Manager Expense Support Agreement runs from July 1, 2013 until December 31, 2014, subject to the right of the Property Manager to terminate the Property Manager Expense Support Agreement upon 30 days’ written notice to the Company.
	Commencing on July 1, 2013, the Property Manager is required to provide expense support to the Company through forgoing the payment of fees in cash and acceptance of restricted stock for services in an amount equal to the positive excess, if any, of (a) aggregate stockholder cash distributions declared for the applicable quarter, over (b) the Company’s aggregate modified funds from operations (as defined in the Property Manager Expense Support Agreement). The Property Manager expense support amount shall be determined, on a non-cumulative basis, after the calculation of the Advisor expense support amount pursuant to the Property Manager Expense Support Agreement on each Determination Date.

	Expense Support Agreements — In exchange for services rendered and in consideration of the expense support provided, the Company shall issue, within 45 days following each Determination Date, a number of shares of restricted stock equal to the quotient of the expense support amount provided by to the Advisor and Property Manager for the preceding quarter divided by the then-current public offering price per share of common stock, on the terms and conditions and subject to the restrictions set forth in the Expense Support Agreements. Any amounts deferred, and for which restricted stock shares are issued, pursuant to the Expense Support Agreements will be permanently waived and the Company will have no obligation to pay such amounts to the Advisor or the Property Manager. The Restricted Stock is subordinated and forfeited to the extent that shareholders do not receive their original invested capital back with at least a 6% annualized return of investment upon ultimate liquidity of the company. Refer to Note 2, “Summary of Significant Accounting Policies” for treatment of issued Restricted Stock.
	For the year ended December 31, 2013, approximately $1.4 million in asset management fees and specified expenses were forgone in accordance with the terms of the Advisor Expense Support Agreement. As of December 31, 2013, the Advisor had foregone a total of approximately $1.4 million in asset management fees and specified expenses under the terms of the Advisor Expense Support Agreement. In addition, as of December 31, 2013, the Company had issued to the Advisor approximately 0.05 million Restricted Stock shares related to three months ended June 30, 2013 and determined that approximately 0.09 million of additional Restricted Stock shares related to three months ended December 31, 2013 are issuable.
	As of December 31, 2013, the Advisor had received approximately $4,700 and 356 shares in the form of cash and stock distributions, respectively, related to the approximate 0.05 million shares of Restricted Stock issued under the terms of the Advisor Expense Support Agreement for the three months ended June 30, 2013. These distributions have been recognized as compensation expense and included in general and administrative expense in the accompanying consolidated statements of operations for the year ended December 31, 2013.
	No property management fees or specified expenses were forgone for the year ended December 31, 2013. As of December 31, 2013, no Restricted Stock shares had been issued to the Property Manager nor was the Property Manager entitled to any dividends during the year ended December 31, 2013.
	CNL Capital Markets Corp — CNL Capital Markets Corp., an affiliate of CNL, receives a sliding flat annual rate (payable monthly) based on the average number of investor accounts that will be open over the term of the agreement. For the years ended December 31, 2013, 2012 and 2011, the Company incurred approximately $0.3 million, $0.1 million and $0.02 million in such fees, respectively. These amounts are included in general and administrative expenses in the accompanying consolidated statements of operations.
	Co-venture partners — The Company paid certain amounts on behalf of its co-venture partner, Windsor Manor, of approximately $0.1 million and $0.1 million during the years ended December 31, 2013 and 2012, respectively. The Company has recorded a receivable balance as of December 31, 2013 and 2012, which is included in other assets in the accompanying consolidated balance sheet.

	For the years ended December 31, 2013, 2012 and 2011, the Company incurred fees in connection with its Offering as follows (in thousands):


			2013			2012			2011
	Selling commissions (1)		$	10,262		$	7,070		$	916
	Marketing support fees (1)			11,310			4,957			392

			$	21,572		$	12,027		$	1,308

	For the years ended December 31, 2013, 2012 and 2011, the Company incurred fees and reimbursable expenses as follows (in thousands):


			2013			2012			2011
	Reimbursable expense:
	Offering costs (1)		$	4,373		$	6,867		$	664
	Operating expenses (2)			2,576			1,506			1,761
	Acquisition fees and expenses			254			269			—

				7,203			8,642			2,425

	Investment services fees (3)			12,892			7,673			—
	Disposition fee (4)			608			—			—
	Financing coordination fee (5)			—			552			—
	Property management fees (6)			1,244			452			—
	Asset management fees (7)			5,089			1,380			—

			$	27,036		$	18,699		$	2,425


	FOOTNOTES:

	(1)	Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders’ equity. Amounts include $0.1 million, $0 and $0.2 million of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2013, 2012 and 2011, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.
	(2)	Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations. Amounts include $0.2 million, $0.1 million and $0 of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2013, 2012 and 2011, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.
	(3)	For the year ended December 31, 2013, the Company incurred approximately $12.9 million in investment service fees of which approximately $0.5 million and $0.1 million, respectively, were capitalized and included in investments in unconsolidated entities and real estate under development. For the year ended December 31, 2012, the Company incurred approximately $7.7 million in investment services fees of which approximately $2.9 million and $0.6 million, respectively, were capitalized and included in investments in unconsolidated entities and properties held for development. There were no amounts incurred for the year ended December 31, 2011. Investment service fees are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
	(4)	Amounts are recorded as a reduction to gain on sale of investment in unconsolidated entity in the accompanying consolidated statements of operations.
	(5)	Amounts are recorded as loan costs in the accompanying consolidated balance sheet and amortized as interest expense and loan cost amortization in the accompanying consolidated statements of operations.
	(6)	For the year ended December 31, 2013, the Company incurred approximately $1.2 million in property and construction management fees payable to the Property Manager of which approximately $0.3 million in construction management fees have been capitalized and included in real estate under development. For the year ended December 31, 2012, the Company incurred approximately $0.1 million in construction management fees which were capitalized and included in real estate under development. There were no amounts incurred for the year ended December 31, 2011.
	(7)	For the year ended December 31, 2013, the Company incurred approximately $5.1 million in asset management fees and specified expenses, which are net of approximately $1.4 million in asset management fees that were forgone in accordance with the terms of the Advisor Expense Support Agreement and approximately $0.1 million that have been capitalized and included in real estate under development. For the year ended December 31, 2012, the company incurred $0.01 million in asset management fees which were capitalized and included in real estate under development. There were no amounts incurred for the year ended December 31, 2011.

	As of December 31, 2013 and 2012, amounts due to affiliates for fees and expenses described above are as follows (in thousands):


		2013			2012
Due to managing dealer:
Selling commissions		$	71		$	103
Marketing support fees			70			136

			141			239

Due to Property Manager:
Property management fees			322			452

			322			452

Due to the Advisor and its affiliates:
Reimbursable offering costs			612			356
Reimbursable operating expenses			1,053			243
Asset management fees			894			—
Interest reserve account and other advances			286			—

			2,845			599

		$	3,308		$	1,290

The Company incurs operating expenses which, in general, relate to its ongoing administration of the REIT. Pursuant to the advisory agreement, the Advisor shall reimburse, or fund on behalf of the Company, the amount by which the total operating expenses paid or incurred exceeds, in any four consecutive fiscal quarters (an “Expense Year”) commencing with the year ended June 30, 2013, the greater of 2% of average invested assets or 25% of net income (as defined in the advisory agreement) (the “Limitation”), unless a majority of the Company’s independent directors determines that such excess expenses are justified based on unusual and non-recurring factors (referred to as the “Expense Cap Test”). In performing the Expense Cap Test, the Company uses operating expenses on a GAAP basis after making adjustments for the benefit of expense support under the Expense Support Agreement. For the Expense Year ended December 31, 2013, the Company did not incur operating expenses in excess of the Limitation.
Organizational and offering costs become a liability to the Company only to the extent selling commissions, the marketing support fees and other organizational and offering costs do not exceed 15% of the gross proceeds of the Offering as described in Note 14. “Stockholders’ Equity.” As of December 31, 2013, there were no organizational and offering costs in excess of the 15% limitation that have been billed to the Company.
In June 2013, the Company originated an acquisition, development and construction loan in the amount of $6.2 million (“ADC Loan”) to C4 Development, LLC (“Crosland Southeast”), a related party by virtue of a family relationship between a principal of the borrower and the Company’s vice chairman who recused himself from review and approval of the investment, for the development of an MOB in Rutland, Virginia that will function as an out-patient emergency and imaging center and will be leased to Hospital Corporation of America (“HCA”). The triple-net lease with HCA is effective upon Crosland Southeast obtaining a certificate of occupancy and contains a 10 year initial term with four 5 year renewal options. As of December 31, 2013, approximately $3.7 million of the ADC Loan commitment had been funded of which approximately $1.8 million was used for the purchase of land (“HCA Rutland”) and approximately $1.9 million was used towards the development of the MOB.

Concurrent with the ADC Loan, the Company also entered into a right of first refusal to acquire the HCA Rutland property with a one year term from the earlier of (a) the maturity date of the ADC Loan or (b) the date that the ADC Loan is paid in full. Based on review and assessment of the transaction structure, the Company has determined that it holds a variable interest in Crosland Southeast through the ADC Loan; however, the Company further concluded that it is not the primary beneficiary of the HCA Rutland development as the Company does not have the power to direct the activities that most significantly impact economic performance of either Crosland Southeast or the HCA Rutland development. The Company’s maximum exposure to loss as a result of its involvement with this VIE is limited to the amounts funded under the ADC Loan, which totaled approximately $3.9 million as of December 31, 2013. The Company’s exposure is limited as a result of the Company’s collateralized interest in the HCA Rutland development.
The approximate $3.9 million of funding on the ADC Loan has been recorded as a note receivable from related party in the accompanying consolidated balance sheet as of December 31, 2013 and is comprised of the following:


Borrower (Description of Collateral Property)		Origination		Maturity	Interest			Loan Principal Balance as of
		Date		Date (1)	Rate (2)			December 31,			December 31,
								2013			2012
								(in thousands)			(in thousands)
Crosland Southeast (land development)		6/27/13		6/27/14		16	%	$	3,741		$	—
Loan origination costs, net									84			—
Accrued interest (3)									124			—

Total note receivable from related party								$	3,949		$	—


FOOTNOTES:

(1)	The initial term of the ADC Loan is one year with an extension option of up to six months.
(2)	The interest rate is comprised of an 8% component that is paid monthly and an 8% component that is paid upon maturity of the ADC Loan.
(3)	Approximately $0.03 million of accrued interest represents monthly interest payments and approximately $0.1 million represents amounts that are due at maturity. Accrued interest is included in interest income on note receivable from related party in the accompanying statements of operations for the year ended December 31, 2013.
The fair value and carrying value of the Company’s note receivable from related party was approximately $3.9 million as of December 31, 2013 based on then-current rates and spreads that a market participant would expect to obtain for similar financings. Since this methodology includes inputs that are less observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair value related to the Company’s note receivable from related party is categorized as level 3 on the three-level fair value hierarchy.
The following is a schedule of future principal maturities for the note receivable from related party for each of the next five years and thereafter, in the aggregate, as of December 31, 2013 (in thousands):


2014		$	3,949
2015			—
2016			—
2017			—
2018			—
Thereafter			—

Total		$	3,949


In connection with the ADC Loan agreement, Crosland Southeast established an interest reserve account at a bank in which the Company’s chairman serves as a director, which as of December 31, 2013 was approximately $0.2 million. The purpose of the interest reserve account is to pay regular interest payments that will be due and payable under the ADC Loan. Moreover, Crosland Southeast will continue to make periodic payments to the interest reserve account to ensure sufficient funds to cover monthly interest payments coming due under the ADC Loan.
The Company maintains accounts at a bank in which the Company’s chairman serves as a director. The Company had additional deposits at that bank totaling approximately $0.2 million and $0.1 million as of December 31, 2013 and 2012, respectively.

Ground_and_Air_Rights_Leases

Ground and Air Rights Leases	12 Months Ended
Ground and Air Rights Leases	Dec. 31, 2013
Ground and Air Rights Leases	'
	12	Ground and Air Rights Leases
	During the year ended December 31, 2013, in conjunction with the Calvert MOBs and Knoxville MOBs detailed in Note 3. “Acquisitions,” the Company acquired interests in six ground and air rights leases. The Calvert and Knoxville MOBs ground and air rights leases represent operating leases with scheduled payments over the life of the respective leases expiring from 2053 to 2082.
	Under the terms of the ground and air rights lease agreements, the Company is responsible for the monthly rental payments. These amounts are billed monthly and recorded as property operating expenses in the accompanying consolidated statements of operations. The Company incurred approximately $0.1 million in ground and air rights lease expense for the year ended December 31, 2013. The Company did not hold any ground or air rights leases as of December 31, 2012 or for the years ended December 31, 2012 and 2011.
	The following is a schedule of future minimum lease payments to be paid under the ground and air rights leases for each of the next five years and thereafter, in the aggregate, as of December 31, 2013 (in thousands):


	2014		$	191
	2015			194
	2016			197
	2017			200
	2018			203
	Thereafter			21,052

			$	22,037

Derivative_Financial_Instrumen

Derivative Financial Instruments	12 Months Ended
Derivative Financial Instruments	Dec. 31, 2013
Derivative Financial Instruments	'
	13	Derivative Financial Instruments
	The following table summarizes the terms of the forward interest rate swaps held by the Company or through its joint ventures and the asset (liability) that has been recorded as of December 31, 2013 (in thousands):


																Fair value asset (liability)
																December 31,
	Notional			Strike (1)			Credit			Trade			Maturity			2013			2012
	amount			Strike (1)			Spread (1)			date			date			2013			2012
	$	12,421	(2)		1.3	%		2.6	%		1/17/13			1/15/18		$	83		$	—
	$	38,255	(3)		2.7	%		2.5	%		9/6/13			7/10/18		$	(590	)	$	—
	$	26,067	(3)		2.8	%		2.5	%		9/6/13			8/29/18		$	(435	)	$	—
	$	29,952	(3)		0.9	%		2.7	%		11/13/13			5/31/16		$	(10	)	$	—
	$	30,000	(3)		1.1	%		4.3	%		10/22/13			8/19/16		$	(8	)	$	—
	The following table summarizes the gross and net amounts of the Company’s forward interest rate swaps as presented in the accompanying consolidated balance sheet as of December 31, 2013 (in thousands):


				Gross and net amounts of asset (liability)									Gross amounts in the
				presented in the accompanying									accompanying consolidated balance
				consolidated balance sheet									sheet as of December 31, 2013
				as of December 31, 2013
	Notional			Gross			Offset			Net			Financial			Cash			Net
	amount			amount			amount			amount			Instruments			Collateral			Amount
	$	12,421	(2)	$	83		$	—		$	83		$	83		$	—		$	83
	$	38,255	(3)	$	(590	)	$	—		$	(590	)	$	(590	)	$	—		$	(590	)
	$	26,067	(3)	$	(435	)	$	—		$	(435	)	$	(435	)	$	—		$	(435	)
	$	29,952	(3)	$	(10	)	$	—		$	(10	)	$	(10	)	$	—		$	(10	)
	$	30,000	(3)	$	(8	)	$	—		$	(8	)	$	(8	)	$	—		$	(8	)

	FOOTNOTES:

	(1)	The all-in rates for each swap are equal to the sum of the Strike and Credit Spread detailed above.
	(2)	Amounts related to the swap held by the Montecito Joint Venture for which the proportion of fair value relative to the Company’s ownership percentage are included in investments in unconsolidated entities in the accompanying consolidated balance sheet as of December 31, 2013.
	(3)	Amounts are included in other liabilities in the accompanying consolidated balance sheet as of December 31, 2013.
	The forward interest rate swaps are valued primarily based on inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, volatilities, and credit risks), and are classified as Level 2 in the fair value hierarchy. Determining fair value requires management to make certain estimates and judgments. Changes in assumptions could have a positive or negative impact on the estimated fair values of such instruments could, in turn, impact the Company’s or its joint venture’s results of operations.
	The Company, or its equity method investments, did not hold any derivative financial instruments as of December 31, 2012 or for the years ended December 31, 2012 and 2011.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2013
Stockholders' Equity	'
	14	Stockholders’ Equity

	Public Offering — As of December 31, 2013, the Company had received aggregate offering proceeds of approximately $568.9 million (57.0 million shares) in connection with the Offering, including $9.4 million (1.0 million shares) pursuant to the Reinvestment Plan. The shares sold and the gross offering proceeds received from such sales do not include 22,222 shares purchased by the Advisor for $200,000 preceding the commencement of the Offering.

	Stock Issuance and Offering Costs — The Company has and will continue to incur costs in connection with the Offering and issuance of shares, including selling commissions, marketing support fees, filing fees, legal, accounting, printing and due diligence expense reimbursements, which are recorded as stock issuance and offering costs and deducted from stockholders’ equity. In accordance with the Company’s articles of incorporation, the total amount of selling commissions, marketing support fees, and other organizational and offering costs to be paid by the Company may not exceed 15% of the aggregate gross offering proceeds. Offering costs are generally funded by the Advisor and subsequently reimbursed by the Company subject to this limitation. For the years ended December 31, 2013, 2012 and 2011, the Company incurred approximately $42.0 million, $23.4 million and $2.0 million, respectively, in stock issuance and other offering costs, as described in the discussion of selling commissions and marketing support fees and offering expenses in Note 11, “Related Party Arrangements.”

	Distributions — On July 29, 2011, the Company’s board of directors authorized a distribution policy providing for monthly cash distributions of $0.03333 (which is equal to an annualized distribution rate of 4% on the initial $10.00 offering price) together with monthly stock distributions of 0.002500 shares of common stock (which is equal to an annualized distribution rate of 3%) for a total annualized distribution of 7% on each outstanding share of common stock (based on the initial $10.00 offering price) payable to all common stockholders of record as of the close of business on the first business day of each month. The Company commenced operations on October 5, 2011 and declarations of distributions pursuant to this policy began on the first day of November 2011, and will continue on the first day of each month thereafter until such policy is modified by the board of directors. Distributions shall be paid quarterly and will be calculated for each stockholder as of the first day of each month the stockholder has been a stockholder of record in such quarter.

	On December 6, 2013, the Company’s board of directors determined to increase the amount of monthly cash distributions to $0.03380 per share together with monthly stock distributions of 0.00250 shares of common stock payable to all common stockholders of record as of the close of business on the first business day of each month. The change allows the Company to maintain its historical distribution rate of 4% cash and 3% stock on each outstanding share of common stock based on the new public offering price discussed in Note 1, “Organization.” The increase in distributions is effective for stockholders of record on January 1, 2014 and will remain in effect until the board of directors determines otherwise.

	For the years ended December 31, 2013, 2012 and 2011, the Company declared cash distributions of $14.2 million, $3.2 million and $0.06 million, respectively. Of these amounts, $6.6 million, $1.5 million and $0.03 million, respectively, was paid in cash to stockholders and $7.6 million, $1.7 million and $0.03 million, respectively, was reinvested pursuant to the Reinvestment Plan. In addition, for the years ended December 31, 2013, 2012 and 2011, the Company declared and made stock distributions of approximately 1.1 million 0.2 million and 4,000 shares of common stock, respectively.

	For the year ended December 31, 2013, approximately 63.8% of the distributions paid to stockholders were considered capital gain as a result of the gain on the sale of our unconsolidated senior housing joint venture and approximately 36.2% were considered return of capital to stockholders for federal income tax purposes. For the years ended December, 2012 and 2011, approximately 0.0% and 1.9% of the distributions paid to stockholders were considered ordinary taxable income and approximately 100% and 98.1% were considered return of capital to stockholders for federal income tax purposes. No amounts distributed to stockholders for the years ended December 31, 2013, 2012 and 2011 were required to be or have been treated as return of capital for purposes of calculating the stockholders’ return on their invested capital as described in our advisory agreement.



	Redemptions — As of December 31, 2013, the Company had received and redeemed 22 redemption requests for 89,410 shares of common stock at a redemption price of $9.25 per share of which approximately $0.7 million was paid and approximately $0.1 million was payable. During the year ended December 31, 2012, the Company paid approximately $0.01 million and redeemed one redemption request for 1,049 shares of common stock at a redemption price of $9.99 per share. There were no repurchases of securities during the year ended December 31, 2011. Under the Company’s redemption plan, the redemption price shall not exceed an amount equal to the lesser of (i) the then current public offering price for our shares of common stock (other than the price at which the shares are sold under our distribution reinvestment plan); and (ii) the purchaser price paid by the stockholder.

	Other comprehensive loss — The following table reflects the effect of derivative financial instruments held by Company, or its equity method investments, and included in the consolidated statements of comprehensive loss for the years ended December 31, 2013 and 2012, respectively (in thousands):



	Derivative Financial Instrument		Gain (loss) recognized in					Location of gain	Gain (loss) reclassified from
			other comprehensive loss on					(loss) reclassified	AOCI into earnings
			derivative financial instrument					into earnings	(Effective Portion)
			(Effective Portion)					(Effective Portion)
			Year ended						Year ended
			December 31,						December 31,
			2013			2012			2013		2012
	Interest rate swaps		$	(1,042	)	$	—	Not applicable	$	—	$	—
	Interest rate swaps held by unconsolidated joint ventures			83			—	Not applicable		—		—

	Total		$	(959	)	$	—		$	—	$	—

Income_Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2013
Income Taxes	'
	15	Income Taxes
	As of December 31, 2013 and 2012, the Company recorded net current tax expense and current deferred tax assets related to deferred income at its TRSs. The components of the income tax benefit (expense) for the years ended December 31, 2013, 2012 and 2011 were as follows (in thousands):


			Year Ended December 31,
			2013			2012			2011
	Current:
	Federal		$	13		$	(13	)	$	—
	State			—			(1	)		—

	Total current benefit (expense)			13			(14	)		—

	Deferred:
	Federal			(25	)		25			—
	State			(6	)		6			—

	Total deferred benefit (expense)			(31	)		31			—

	Income tax benefit (expense)		$	(18	)	$	17		$	—

	Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets as of December 31, 2013 and 2012 are as follows (in thousands):


			2013			2012
	Net operating losses		$	284		$	—
	Prepaid rent			313			31
	Valuation allowance			(597	)		—

	Net deferred tax assets		$	—		$	31

	A reconciliation of taxes computed at the statutory federal tax rate on income before income taxes to the provision (benefit) for income taxes is as follows (in thousands):


			Year Ended December 31,
			2013						2012					2011
	Tax expense computed at federal statutory rate		$	(6,329	)		(35.00	%)	$	(3,758	)	(35.00	%)	$	—	0	%
	Benefit of REIT election			6,344			35.08	%		3,746		34.89	%		—	0	%
	State income tax benefit (expense), net			3			0.02	%		(5	)	(0.05	%)		—	0	%

	Income tax (benefit) expense		$	18			0.1	%	$	(17	)	(0.16	%)	$	—	0	%

	The Company’s TRSs had net operating loss carry-forwards for federal and state purposes of approximately $0.3 million as of December 31, 2013 to offset future taxable income. The net operating loss carry-forward of $0.3 million will expire in 2033.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies	'
	16	Commitments and Contingencies
	In the ordinary course of business, the Company may become subject to litigation or claims. There are no material legal proceedings pending or known to be contemplated against the Company.
	In connection with the ownership, development and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. The Company has not been notified by any governmental authority of any non-compliance, liability or other claim, and the Company is not aware of any other environmental condition that it believes will have a material adverse effect on the consolidated results of operations.
	Pursuant to the development agreements for the Company’s two senior housing communities under development as of December 31, 2013 and HarborChase of Villages Crossing, the Company has committed to fund approximately $19.1 million and $1.5 million, respectively, in remaining development and other costs as of December 31, 2013.
	Refer to Note 9, “Contingent Purchase Price Consideration,” for information on a contingent payment related to an earn-out agreement acquired in conjunction with the purchase of Medical Portfolio I.
	Refer to Note 11, “Related Party Arrangements,” for information on contingent restricted stock shares due to the Company’s Advisor and Property Manager in connection with the Expense Support Agreements and the Company’s commitment to fund approximately $2.4 million of additional monies to Crosland Southeast in connection with its ADC Loan for the HCA Rutland development.
	Refer to Note 12, “Ground and Air Rights Leases,” for information on commitments to operating leases related to Calvert MOBs and Knoxville MOBs acquisitions detailed in Note 3, “Acquisitions.”
	In October 2013, the Company entered into separate purchase agreements to acquire a portfolio of eight senior housing communities in Texas and Illinois (collectively, the “South Bay II Communities”) for which the Company escrowed an earnest money deposit of $3.7 million as of December 31, 2013 and which as of the date of this filing is non-refundable. The acquisition is subject to certain contingencies, including completion of due diligence, licensing and obtaining financing satisfactory to the Company. There can be no assurance that any or all contingencies will be satisfied and that the transaction will ultimately be completed, which in either event the deposit would be applied toward the purchase price or forfeited.

Concentration_of_Credit_Risk

Concentration of Credit Risk	12 Months Ended
Concentration of Credit Risk	Dec. 31, 2013
Concentration of Credit Risk	'
	17	Concentration of Credit Risk
	As of December 31, 2013 and 2012, and for the corresponding years then ended, the Company had the following tenants that individually accounted for 10% or more of total revenues or assets:


	Tenant		Percentage of Total Revenues (1)								Percentage of Total Assets (2)
			December 31,								December 31,
			2013			2012			2011		2013			2012
	TSMM Management (“TSMM”); tenant of the Primrose Communities			26.5	%		93.8	%		—		15.3	%		46.9	%

	FOOTNOTES:

	(1)	Includes contractual rental income from operating leases, capital reserve income, straight-line rent adjustments and amortization of lease intangibles.
	(2)	Represents net book value of real estate assets and lease intangibles associated with the property leased by the respective tenant as of the end of the period presented as a percentage of total assets.
	Failure of this tenant to pay contractual lease payments could significantly impact the Company’s results of operations and cash flow from operations which, in turn would impact its ability to pay debt service and make distributions to stockholders.

Selected_Quarterly_Financial_D

Selected Quarterly Financial Data	12 Months Ended
Selected Quarterly Financial Data	Dec. 31, 2013
Selected Quarterly Financial Data	'
	18	Selected Quarterly Financial Data (Unaudited):
	The following table presents selected unaudited quarterly financial data for the years ended December 31, 2013 and 2012 (in thousands, except per share data):


	2013 Quarters		First			Second			Third			Fourth			Full Year
	Total revenues		$	7,802		$	8,609		$	14,772		$	21,422		$	52,605
	Operating loss			(866	)		(2,302	)		(5,307	)		(5,515	)		(13,990	)
	Equity in earnings (loss) of unconsolidated entities			278			1,182			285			402			2,147
	Net loss			(3,809	)		(2,830	)		(2,305	)		(9,156	)		(18,100	)
	Weighted average number of shares outstanding (basic and diluted) (1)			23,760			31,957			43,286			53,984			38,353

	Loss per share of common stock (basic and diluted)		$	(0.16	)	$	(0.09	)	$	(0.05	)	$	(0.17	)	$	(0.47	)


	2012 Quarters		First			Second			Third			Fourth			Full Year
	Total revenues		$	941		$	1,922		$	1,923		$	2,599		$	7,385
	Operating income (loss)			(1,739	)		(396	)		(192	)		(4,508	)		(6,043	)
	Equity in earnings (loss) of unconsolidated entities			—			(774	)		307			1,610			1,143
	Net loss			(2,413	)		(1,126	)		(2,287	)		(4,894	)		(10,720	)
	Weighted average number of shares outstanding (basic and diluted) (1)			4,247			8,028			12,107			16,973			10,355
	Loss per share of common stock (basic and diluted)		$	(0.57	)	$	(0.14	)	$	(0.19	)	$	(0.29	)	$	(1.04	)
	FOOTNOTE:

	(1)	For purposes of determining the weighted average number of shares of common stock outstanding, stock distributions issued are treated as if they were outstanding as of the beginning of all periods presented.

Subsequent_Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2013
Subsequent Events	'
	19	Subsequent Events
	Purchase of Pacific Northwest II Communities
	In 2014, the Company acquired an additional five senior housing communities in Washington and Oregon totaling approximately $103.2 million, which are comprised of the following properties:


	Pacific Northwest II Communities		Location		Date	Capacity	Purchase
					Acquired	(in units)	Price
							(in thousands)

	Prestige Senior Living Auburn Meadows		Auburn, WA		2/3/14	102	$	21,930
	Prestige Senior Living Bridgewood		Vancouver, WA		2/3/14	124		22,096
	Prestige Senior Living Monticello Park		Longview, WA		2/3/14	144		27,360
	Prestige Senior Living Rosemont		Yelm, WA		2/3/14	87		16,877
	Prestige Senior Living West Hills		Corvallis, OR		3/3/14	66		14,986

							$	103,249

	The following summarizes the Company’s preliminary allocation of the purchase price for the above properties, and the estimated fair values of the assets acquired (in thousands):


	Land and land improvements		$	7,631
	Buildings and building improvements			85,656
	Furniture, fixtures and equipment			2,905
	In-place lease intangibles (1)			7,057

	Total assets acquired		$	103,249

	FOOTNOTES:

	(1)	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles is estimated at approximately 2.5 years.
	The Pacific Northwest II Communities are managed by Prestige Senior Living, LLC, an unaffiliated party, under a property management agreement having an initial term of ten years. Refer to Note 3, “Acquisitions,” for the pro forma impact of the 2014 acquisitions on the Company’s results of operations for years ended December 31, 2013 and 2012.
	In addition, the Company financed a portion of the acquisition through amendments to the Pacific Northwest Loan, which provided for a five-year secured loan with an aggregate principal amount of approximately $63.1 million. Refer to Note 10, “Indebtedness,” for additional information.
	The Company owes the Advisor approximately $1.9 million of investment service fees and acquisition expenses related to the acquisition of the Pacific Northwest II Communities.

	Equity transactions
	The Company’s board of directors declared a monthly cash distribution of $0.03380 and a monthly stock distribution of 0.00250 shares on each outstanding share of common stock on January 1, 2014, February 1, 2014 and March 1, 2014. In March 2014, cash distributions of approximately $6.2 million were paid and stock distributions of 0.5 million shares were distributed related to the aforementioned distributions declared.
	During the period January 1, 2014 through March 13, 2014, the Company received additional subscription proceeds of approximately $70.6 million (7.0 million shares), including $3.3 million (0.3 million shares) pursuant to the Reinvestment Plan.
	Revolving Credit Facility Amendment
	In February 2014, the Company modified the terms of its Revolving Credit Facility agreement and exercised its option to increase the aggregate maximum principal amount available for borrowing under the Revolving Credit Facility from $120 million to $240 million.

SCHEDULE_IIValuation_and_Quali

SCHEDULE II-Valuation and Qualifying Accounts	12 Months Ended
SCHEDULE II-Valuation and Qualifying Accounts	Dec. 31, 2013
SCHEDULE II-Valuation and Qualifying Accounts	'
	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES
	SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
	Years Ended December 31, 2013 (in thousands)


	Year	Description	Balance at		Charged to			Charged to		Balance at
			Beginning		Costs and			Other		End
			of Year		Expenses			Accounts		of Year

	2011	Deferred tax asset valuation allowance	$	—	$	—		$	—	$	—

			$	—	$	—		$	—	$	—

	2012	Deferred tax asset valuation allowance	$	—	$	—		$	—	$	—

			$	—	$	—		$	—	$	—

	2013	Deferred tax asset valuation allowance	$	—	$	(597	)	$	—	$	(597	)

			$	—	$	(597	)	$	—	$	(597	)

SCHEDULE_IIIReal_Estate_and_Ac

SCHEDULE III-Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2013
SCHEDULE III-Real Estate and Accumulated Depreciation	'
	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES
	SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION
	As of December 31, 2013 (in thousands)


			Initial Costs										Costs Capitalized									Gross Amounts at which Carried at
													Subsequent to Acquisition									Close of Period (2)
	Property/Location		Encum-			Land &				Buildings			Land			Buildings			Construc-			Land &			Building			Construc-			Total			Accumulated			Date of			Date			Life on
			brances			Land				&			and			and			tion in			Land			&			tion in						Depreciation			Construction			Acquired			which
						Improve-				Building			Improve-			Building			Process			Improve-			Building			Process															depreciation
						ments(3)				Improve-			ments			Improve-						ments			Improve-																		in latest
										ments						ments									ments																		income
																																											statement is
																																											computed
	Primrose Retirement Community		$	12,490		$	1,910			$	16,310		$	—		$	—		$	—		$	1,910		$	16,310		$	—		$	18,220		$	(790	)		2004			2/16/12		-1
	Casper, Wyoming
	Primrose Retirement Community		$	8,811		$	719			$	12,140		$	—		$	—		$	—		$	719		$	12,140		$	—		$	12,859		$	(612	)		2005			2/16/12		-1
	Grand Island, Nebraska
	Primrose Retirement Community		$	11,988		$	650			$	16,720		$	—		$	—		$	—		$	650		$	16,720		$	—		$	17,370		$	(835	)		2007			2/16/12		-1
	Mansfield, Ohio
	Primrose Retirement Community		$	9,944		$	889			$	16,304		$	—		$	—		$	—		$	889		$	16,304		$	—		$	17,193		$	(816	)		2006			2/16/12		-1
	Marion, Ohio
	Sweetwater Retirement Community		$	10,799		$	1,578			$	14,205		$	17		$	—		$	—		$	1,595		$	14,205		$	—		$	15,800		$	(693	)		2006			2/16/12		-1
	Billings Montana

	HarborChase Community		$	13,130		$	2,165			$	—		$	1,013		$	16,591		$	—		$	3,178		$	16,591		$	—		$	19,769		$	—			2013			8/29/12		-1
	Lady Lake, Florida

	Dogwood Community		$	3,765		$	1,750			$	—		$	261		$	—		$	12,318		$	2,011		$	—		$	12,318		$	14,329		$	—				(3)		12/18/12		-1
	Acworth, Georgia)
	Primrose Retirement Community		$	—		$	311			$	3,794		$	—		$	—		$	—		$	311		$	3,794		$	—		$	4,105		$	(105	)		2005			12/19/12		-1
	Aberdeen, South Dakota
	Primrose Retirement Community		$	—		$	1,144			$	11,117		$	—		$	—		$	—		$	1,144		$	11,117		$	—		$	12,261		$	(317	)		2008			12/19/12		-1
	Council Bluffs, Iowa
	Primrose Retirement Community		$	10,964		$	513			$	16,706		$	—		$	—		$	—		$	513		$	16,706		$	—		$	17,219		$	(454	)		2009			12/19/12		-1
	Decatur, Illinois
	Primrose Retirement Community		$	—		$	944			$	17,115		$	—		$	—		$	—		$	944		$	17,115		$	—		$	18,059		$	(465	)		2006			12/19/12		-1
	Lima, Ohio
	Primrose Retirement Community		$	12,373		$	1,184			$	17,292		$	—		$	—		$	—		$	1,184		$	17,292		$	—		$	18,476		$	(471	)		2008			12/19/12		-1
	Zanesville, Ohio
	Capital Health of Symphony Manor		$	14,736		$	2,319			$	19,444		$	—		$	—		$	—		$	2,319		$	19,444		$	—		$	21,763		$	(520	)		2011			12/21/12		-1
	Baltimore, Maryland

	Capital Health of Curry House		$	7,619		$	995			$	11,072		$	—		$	—		$	—		$	995		$	11,071		$	—		$	12,066		$	(300	)		1996			12/21/12		-1
	Cadillac, Michigan
	Capital Health of Fredericktowne		$	7,957		$	808			$	14,291		$	—		$	—		$	—		$	808		$	14,291		$	—		$	15,099		$	(382	)		2000			12/21/12		-1
	Frederick, Maryland
	Capital Health of Brookridge Heights		$	8,010		$	595			$	11,339		$	—		$	—		$	—		$	595		$	11,339		$	—		$	11,934		$	(303	)		1998			12/21/12		-1
	Marquette, Michigan
			Initial Costs										Costs Capitalized									Gross Amounts at which Carried at
													Subsequent to Acquisition									Close of Period
	Property/Location		Encum-			Land &				Buildings			Land			Buildings			Construc-			Land &			Building			Construc-			Total			Accumulated			Date of			Date			Life on
			brances			Land				&			and			and			tion in			Land			&			tion in						Depreciation			Construction			Acquired			which
						Improve-				Building			Improve-			Building			Process			Improve-			Building			Process															depreciation
						ments(3)				Improve-			ments			Improve-						ments			Improve-																		in latest
										ments						ments									ments																		income
																																											statement is
																																											computed
	Capital Health of Woodholme Gardens		$	9,161		$	1,603			$	13,472		$	—		$	—		$	—		$	1,603		$	13,472		$	—		$	15,075		$	(364	)		2010			12/21/12		-1
	Pikesville, Maryland

	Batesville Healthcare Center		$	3,300		$	397			$	5,382		$	—		$	—		$	—		$	397		$	5,382		$	—		$	5,779		$	(82	)		1975			5/31/13		-1
	Batesville, Arkansas

Broadway Healthcare Center		$	6,300		$	438			$	10,560		$	—		$	—		$	—		$	438		$	10,560		$	—		$	10,998		$	(161	)		1994			5/31/13		-1
West Memphis, Arkansas

Jonesboro Healthcare Center		$	8,100		$	527			$	13,493		$	—		$	—		$	—		$	527		$	13,493		$	—		$	14,020		$	(205	)		2012			5/31/13		-1
Jonesboro, Arkansas

Magnolia Healthcare Center		$	6,300		$	421			$	10,454		$	—		$	—		$	—		$	421		$	10,454		$	—		$	10,875		$	(162	)		2009			5/31/13		-1
Magnolia, Arkansas

Mine Creek Healthcare Center		$	1,800		$	136			$	2,942		$	—		$	—		$	—		$	136		$	2,942		$	—		$	3,078		$	(47	)		1978			5/31/13		-1
Nashville, Arkansas

Searcy Healthcare Center		$	4,200		$	648			$	6,017		$	—		$	—		$	—		$	648		$	6,017		$	—		$	6,665		$	(93	)		1973			5/31/13		-1
Searcy, Arkansas

LaPorte Cancer Center		$	8,419		$	433			$	10,846		$	—		$	—		$	—		$	433		$	10,846		$	—		$	11,279		$	(169	)		2010			6/14/13		-1
Westville, Indiana

Jefferson Medical Commons		$	7,824		$	151			$	10,236		$	—		$	—		$	—		$	151		$	10,236		$	—		$	10,387		$	(136	)		2001			7/10/13		-1
Jefferson City, Tennessee
Physicians Plaza A at North Knoxville Medical Center		$	12,209		$	262			$	16,976		$	—		$	—		$	—		$	262		$	16,976		$	—		$	17,238		$	(226	)		2005			7/10/13		-1
Powell, Tennessee
Physicians Plaza B at North Knoxville Medical Center		$	14,685		$	303			$	18,754		$	—		$	—		$	—		$	303		$	18,754		$	—		$	19,057		$	(251	)		2008			7/10/13		-1
Powell, Tennessee
Physicians Regional Medical Center – Central Wing Annex		$	3,890		$	73			$	5,285		$	—		$	—		$	—		$	73		$	5,285		$	—		$	5,358		$	(70	)		2004			7/10/13		-1
Knoxville, Tennessee

HarborChase of Jasper		$	—		$	355			$	6,358		$	—		$	—		$	—		$	355		$	6,358		$	—		$	6,713		$	(70	)		1998			7/31/13		-1
Jasper, Alabama
Chestnut Commons Medical Office Building		$	12,789		$	2,010			$	15,322		$	42		$	328		$	—		$	2,052		$	15,650		$	—		$	17,702		$	(154	)		2008			8/16/13		-1
Elyria, Ohio

Doctor’s Specialty Hospital		$	4,485		$	926			$	5,785		$	13		$	—		$	—		$	939		$	5,771		$	—		$	6,710		$	(55	)		2001			8/16/13		-1
Leawood, Kansas

Escondido Medical Arts Center		$	9,964		$	1,863			$	12,199		$	—		$	—		$	—		$	1,863		$	12,199		$	—		$	14,062		$	(107	)		1994			8/16/13		-1
Escondido, California
John C. Lincoln Medical Office Plaza I		$	2,843		$	233			$	2,779		$	—		$	—		$	—		$	233		$	2,779		$	—		$	3,012		$	(29	)		1980			8/16/13		-1
Phoenix, Arizona
John C. Lincoln Medical Office Plaza II		$	1,920		$	139			$	1,909		$	—		$	—		$	—		$	139		$	1,909		$	—		$	2,048		$	(19	)		1984			8/16/13		-1
Phoenix, Arizona

North Mountain Medical Plaza		$	3,510		$	297			$	4,079		$	—		$	—		$	—		$	297		$	4,079		$	—		$	4,376		$	(41	)		1994			8/16/13		-1
Phoenix, Arizona

Raider Ranch		$	—		$	1,992			$	48,825		$	—		$	—		$	—		$	1,992		$	48,825		$	—		$	50,817		$	(428	)		2009			8/29/13		-1
Lubbock, Texas
The Club at Raider Ranch Development		$	—		$	3,000			$	—		$	—		$	—		$	80		$	3,000		$	—		$	80		$	3,080		$	—				(3)		8/29/13		-1
Lubbock, Texas

Town Village		$	—		$	1,020			$	19,847		$	—		$	—		$	—		$	1,020		$	19,847		$	—		$	20,867		$	(172	)		2004			8/29/13		-1
Oklahoma City, Oklahoma

Calvert Medical Arts Center		$	12,581		$	21			$	17,838		$	—		$	—		$	—		$	21		$	17,838		$	—		$	17,859		$	(145	)		2009			8/30/13		-1
Prince Frederick, Maryland
Calvert Medical Office Building I, II, III		$	10,686		$	51			$	14,334		$	—		$	—		$	—		$	51		$	14,334		$	—		$	14,385		$	(124	)		1991/1999/			8/30/13		-1
Prince Frederick, Maryland																																					2000

Dunkirk Medical Center		$	3,007		$	351			$	2,991		$	—		$	—		$	—		$	351		$	2,991		$	—		$	3,342		$	(41	)		1997			8/30/13		-1
Dunkirk, Maryland
Pacific Northwest I Communities – Beaverton Hills		$	9,686		$	1,387			$	10,324		$	—		$	—		$	—		$	1,387		$	10,324		$	—		$	11,711		$	(23	)		2000			12/2/13		-1
Beaverton, Oregon
Pacific Northwest I Communities – High Desert		$	8,379		$	835			$	11,252		$	—		$	—		$	—		$	835		$	11,252		$	—		$	12,087		$	(26	)		2003			12/2/13		-1
Bend, Oregon
Pacific Northwest I Communities		$	20,634		$	4,067			$	41,373		$	—		$	—		$	—		$	4,067		$	41,373		$	—		$	45,440		$	(98	)		2009			12/2/13		-1
Billings, Montana
Pacific Northwest I Communities		$	22,026		$	1,663			$	35,752		$	—		$	—		$	—		$	1,663		$	35,752		$	—		$	37,415		$	(80	)		2007			12/2/13		-1
Boise, Idaho
Pacific Northwest I Communities – Huntington Terrace		$	10,729		$	1,236			$	12,083		$	—		$	—		$	—		$	1,236		$	12,083		$	—		$	13,319		$	(28	)		2000			12/2/13		-1
Gresham, Oregon
Pacific Northwest I Communities		$	18,844		$	2,006			$	40,397		$	—		$	—		$	—		$	2,006		$	40,396		$	—		$	42,402		$	(92	)		2009			12/2/13		-1
Idaho Falls, Idaho
Pacific Northwest I Communities – Arbor Place		$	8,625		$	355			$	14,083		$	—		$	—		$	—		$	355		$	14,083		$	—		$	14,438		$	(31	)		2003			12/2/13		-1
Medford, Oregon
Pacific Northwest I Communities – Orchard Heights		$	12,955		$	545			$	15,544		$	—		$	—		$	—		$	545		$	15,544		$	—		$	16,089		$	(34	)		2002			12/2/13		-1
Salem, Oregon
Pacific Northwest I Communities – Southern Hills		$	7,873		$	653			$	10,753		$	—		$	—		$	—		$	653		$	10,753		$	—		$	11,406		$	(24	)		2001			12/2/13		-1
Salem, Oregon
Pacific Northwest I Communities		$	24,974		$	3,986			$	47,968		$	—		$	—		$	—		$	3,986		$	47,968		$	—		$	51,954		$	(110	)		2009			12/2/13		-1
Sparks, Nevada
Pacific Northwest I Communities – Five Rivers		$	8,116		$	1,298			$	14,064		$	—		$	—		$	—		$	1,298		$	14,064		$	—		$	15,362		$	(33	)		2002			12/2/13		-1
Tillamook, Oregon
Pacific Northwest I Communities - Riverwood		$	4,708		$	1,028			$	7,429		$	—		$	—		$	—		$	1,028		$	7,429		$	—		$	8,457		$	(18	)		1999			12/2/13		-1
Tualatin, Oregon

Bay Medical Office Building		$	—		$	2,462			$	7,453		$	—		$	—		$	—		$	2,462		$	7,453		$	—		$	9,915		$	—			1985			12/23/13		-1
Chula Vista, California
Coral Springs Medical Office Building I		$	—		$	2,614			$	11,220		$	—		$	—		$	—		$	2,614		$	11,220		$	—		$	13,834		$	—			2005			12/23/13		-1
Coral Springs, Florida
Coral Springs Medical Office Building II		$	—		$	2,614			$	12,130		$	—		$	—		$	—		$	2,614		$	12,130		$	—		$	14,744		$	—			2008			12/23/13		-1
Coral Springs, Florida


		$	438,107		$	62,873			$	766,357		$	1,346		$	16,919		$	12,398		$	64,219		$	783,260		$	12,398		$	859,877		$	(11,011	)

Transactions in real estate and accumulated depreciation as of December 31, 2013 are as follows:


Balance at December 31, 2011		$	—		Balance at December 31, 2011		$	—
2012 Acquisitions			235,945		2012 Depreciation			(1,702	)

Balance at December 31, 2012			235,945		Balance at December 31, 2012			(1,702	)
2013 Acquisitions			593,268
2013 Improvements			30,664		2013 Depreciation			(9,309	)

Balance at December 31, 2013		$	859,877		Balance at December 31, 2013		$	(11,011	)

FOOTNOTES:

(1)	Buildings and building improvements are depreciated over 39 and 15 years, respectively. Tenant improvements are depreciated over the terms of their respective leases.
(2)	The aggregate cost for federal income tax purposes is approximately $860.5 million.
(3)	Land and land improvements, initial cost, include the purchase price of land under development which is included as a component of construction in process in the consolidated balance sheets. As of December 31, 2013 these properties were under development; therefore, depreciation is not applicable.

SCHEDULE_IVMortgage_Loans_on_R

SCHEDULE IV-Mortgage Loans on Real Estate	12 Months Ended
SCHEDULE IV-Mortgage Loans on Real Estate	Dec. 31, 2013
SCHEDULE IV-Mortgage Loans on Real Estate	'
	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES
	SCHEDULE IV—MORTGAGE LOANS ON REAL ESTATE
	December 31, 2013 (in thousands)
	As of December 31, 2013, mortgages and other notes receivable consisted of the following (in thousands):


	Borrower (Description of Collateral Property)		Date of		Maturity		Interest			Periodic Payment	Prior		Face		Carrying			Principal
			Loan		Date (1)		Rate (2)			Terms	Liens		Amount		Amount			Amount
			Agreement															Subject to
																		Delinquent
																		Principal
																		or Interest
	Crosland Southeast (land development)			6/27/13		6/27/14		16	%	Principal payable in full at maturity	$	—	$	3,741	$	3,949		$	—

	Total carrying amount										$	—	$	3,741	$	3,949	(3)	$	—	(4)


	FOOTNOTES:

	(1)	The initial term of the ADC Loan is one year with an extension option of up to six months.
	(2)	The interest rate is comprised of an 8% component that is paid monthly and an 8% component that is paid upon maturity of the ADC Loan. As of December 31, 2013, approximately $0.1 million of interest is due at maturity.
	(3)	For Federal income tax purposes, the aggregate cost of investments in mortgages and other notes receivable on real estate is the carrying amount, as disclosed in the schedule.
	(4)	No mortgages and other notes receivable are delinquent with respect to principal or interest.
	The following is a reconciliation of mortgages and other notes receivable on real estate for the years ended December 31, 2013, 2012 and 2011 (in thousands):


			2013		2012		2011
	Balance at beginning of year		$	—	$	—	$	—
	New mortgage loans			3,741		—		—
	Principal reduction			—		—		—
	Accrued and deferred interest			124		—		—
	Loan origination costs, net			84		—		—

	Balance the end of year		$	3,949	$	—	$	—

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Basis of Presentation and Consolidation	'
	Basis of Presentation and Consolidation — The accompanying consolidated financial statements include the Company’s accounts, the accounts of wholly owned subsidiaries or subsidiaries for which the Company has a controlling interest, the accounts of variable interest entities (“VIEs”) in which the Company is the primary beneficiary, and the accounts of other subsidiaries over which the Company has a controlling financial interest. All material intercompany accounts and transactions have been eliminated in consolidation.
	In accordance with the guidance for the consolidation of VIEs, the Company analyzes its variable interests, including loans, leases, guarantees, and equity investments, to determine if the entity in which it has a variable interest is a variable interest entity (“VIE”). The Company’s analysis includes both quantitative and qualitative reviews. The Company bases its quantitative analysis on the forecasted cash flows of the entity, and its qualitative analysis on its review of the design of the entity, its organizational structure including decision-making ability and financial agreements. The Company also uses its quantitative and qualitative analyses to determine if it is the primary beneficiary of the VIE, and if such determination is made, it includes the accounts of the VIE in its consolidated financial statements.
Allocation of Purchase Price for Real Estate Acquisitions	'
	Allocation of Purchase Price for Real Estate Acquisitions — Upon acquisition of properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building and improvements, tenant improvements and equipment), intangible assets (consisting of in-place leases and above or below market lease values), liabilities assumed and any contingent liabilities in order to allocate the purchase price. In estimating the fair value of the assets acquired and liabilities assumed, the Company considers information obtained about each property as a result of its due diligence and utilizes various valuation methods, such as estimated cash flow projections using appropriate discount and capitalization rates, estimates of replacement costs net of depreciation and available market information.
	The fair value of the tangible assets of an acquired leased property is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to land and building based on the determination of the fair values of these assets.
	The purchase price is allocated to in-place lease intangibles based on management’s evaluation of the specific characteristics of the acquired lease(s). Factors considered include estimates of carrying costs during hypothetical expected lease up periods, including estimates of lost rental income during the expected lease up periods, and costs to execute similar leases such as leasing commissions, legal and other related expenses. Above- and below-market lease intangibles are recorded based on the present value of the difference between the contractual rents to be paid pursuant to the lease and management’s estimate of the fair market lease rates for each in-place lease and may include assumptions for lease renewals of below market leases.
	The Company may also enter into yield guarantees in connection with an acquisition, whereby the seller agrees to hold a portion of the purchase price in escrow that may be repaid to the Company in the event certain thresholds are not met. In calculating the estimated fair value of the yield guaranty, the Company considers information obtained about each property during the due diligence and budget process as well as discount rates to determine the fair value. The Company evaluates the fair value of the yield guaranty at each reporting period and records any adjustments to the fair value as a component of operating income (expense) in the consolidated statement of operations. Refer to Note 9 “Contingent Purchase Price Consideration,” for information on a contingent payment related to an earn-out agreement acquired in conjunction with the purchase of Medical Portfolio I.
Leasing Costs	'
	Leasing Costs — The Company defers costs that it incurs to obtain new tenant leases or extend existing tenant leases and classifies these costs as intangible assets, net of accumulated amortization. The Company amortizes these costs using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease is terminated early, the Company will expense any applicable unamortized deferred leasing costs.
Use of Estimates	'
	Use of Estimates — The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the reported amounts of revenues and expenses during the reporting periods and the disclosure of contingent liabilities. For example, significant assumptions are made in the allocation of purchase price, the analysis of real estate impairments, the valuation of contingent assets and liabilities, and the valuation of restricted stock shares issued to the Advisor or Property Manager. Accordingly, actual results could differ from those estimates.
Investments in Unconsolidated Entities	'
	Investments in Unconsolidated Entities — The Company accounts for its investments in unconsolidated joint ventures under the equity method of accounting as the Company exercises significant influence, but does not maintain a controlling financial interest over these entities. These investments are recorded initially at cost and subsequently adjusted for cash contributions, distributions and equity in earnings (loss) of the unconsolidated entities. Based on the respective venture structures and preferences the Company receives on distributions and liquidation, the Company records its equity in earnings of the entities under the hypothetical liquidation at book value (“HLBV”) method of accounting. Under this method, the Company recognizes income or loss in each period as if the net book value of the assets in the ventures were hypothetically liquidated at the end of each reporting period pursuant to the provisions of the joint venture agreements. In any given period, the Company could be recording more or less income than actual cash distributions received and more or less than what the Company may receive in the event of an actual liquidation. The Company’s investment in unconsolidated entities is accounted for as an asset acquisition in which acquisition fees and expenses are capitalized as part of the basis in the investment in unconsolidated entities. The acquisition fees and expenses create an outside basis difference that are allocated to the assets of the investee and, if assigned to depreciable or amortizable assets, the basis differences are then amortized as a component of equity in earnings (loss) of unconsolidated entities.
Real Estate Under Development	'
	Real Estate Under Development — The Company records real estate under development at cost, including acquisition fees and closing costs incurred. The cost of the real estate under development includes direct and indirect costs of development, including interest and miscellaneous costs incurred during the development period until the project is substantially complete and available for occupancy. In addition, during active development, all operating expenses related to the project, including property expenses such as real estate taxes and insurance, are capitalized rather than expensed and incidental revenue is recorded as a reduction of capitalized development costs. Preleasing costs are expensed as incurred.
Capitalized Interest	'
	Capitalized Interest — Interest and loan cost amortization attributable to funds used to finance real estate under development is capitalized as additional costs of development. The Company capitalizes interest at the weighted average interest rate of the Company’s outstanding indebtedness and based on its weighted average expenditures for the period. Capitalization of interest on a specific project ceases when the project is substantially complete and ready for occupancy. During the years ended December 31, 2013 and 2012, the Company incurred interest expense and loan cost amortization of approximately $11.5 million and $6.0 million, respectively, of which approximately $0.7 million and $0.1 million, respectively, was capitalized according to this policy.
Loan Costs	'
	Loan Costs — Financing costs paid in connection with obtaining debt are deferred and amortized over the estimated life of the debt using the effective interest method. As of December 31, 2013 and 2012, the accumulated amortization of loan costs was approximately $2.5 million and $0.7 million, respectively.
Depreciation and Amortization	'
	Depreciation and Amortization — Real estate costs related to the acquisition and improvement of properties are capitalized. Repair and maintenance costs are charged to expense as incurred and significant replacements and betterments are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Real estate assets are stated at cost less accumulated depreciation, which is computed using the straight-line method of accounting over the estimated useful lives of the related assets. Buildings and improvements are depreciated on the straight-line method over their estimated useful lives, which generally are the lesser of 39 and 15 years, respectively, or the remaining life of the ground lease.
	Amortization of intangible assets is computed using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease were to be terminated prior to its scheduled expiration, all unamortized costs related to the lease would be written off.
Impairment of Real Estate Assets	'
	Impairment of Real Estate Assets — Real estate assets are reviewed on an ongoing basis to determine whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may be impaired. To assess if a property value is potentially impaired, management compares the estimated current and projected undiscounted cash flows, including estimated net sales proceeds, of the property over its remaining useful life to the net carrying value of the property. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. In the event that the carrying value exceeds the undiscounted operating cash flows, the Company would recognize an impairment provision to adjust the carrying value of the asset group to the estimated fair value of the property.
	When impairment indicators are present for real estate indirectly owned, through an investment in a joint venture or other similar investment structure accounted for under the equity method, the Company compares the estimated fair value of its investment to the carrying value. An impairment charge will be recorded to the extent the fair value of its investment is less than the carrying amount and the decline in value is determined to be other than a temporary decline.
Cash	'
	Cash — Cash consists of demand deposits at commercial banks. The Company also invests in cash equivalents consisting of highly liquid investments in money market funds with original maturities of three months or less during the year.
	As of December 31, 2013, the Company’s cash deposits exceeded federally insured amounts. However, the Company continues to monitor the third-party depository institutions that hold the Company’s cash, primarily with the goal of safeguarding principal. The Company attempts to limit cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on cash.
Restricted Cash	'
	Restricted Cash — Certain amounts of cash are restricted to fund capital expenditures for the Company’s real estate investment properties or represent certain tenant security deposits.
Notes Receivable	'
	Notes Receivable — The Company evaluates impairment on its notes receivable on an individual loan basis which includes, current information and events, periodic visits and quarterly discussions on the financial results of the properties being collateralized and the financial stability of the borrowers. The Company reviews each loan to determine the risk of loss and whether the individual loan is impaired and whether an allowance is necessary. The value credit quality of the Company’s borrowers is primarily based on their payment history on an individual loan basis, as such, the Company does not assign its notes receivable in credit quality categories.
Derivative Financial Instruments	'
	Derivative Financial Instruments — The Company and certain unconsolidated equity method investments held by the Company use derivative financial instruments to partially offset the effect of fluctuating interest rates on the cash flows associated with its variable-rate debt. Upon entry into a derivative, the Company or its unconsolidated equity method investment formally designates and documents the financial instrument as a hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transaction. The Company or its unconsolidated equity method investment accounts for derivatives through the use of a fair value concept whereby the derivative positions are stated at fair value in the accompanying condensed consolidated balance sheets. The fair value of derivatives used to hedge or modify risk fluctuates over time. As such, the fair value amounts should not be viewed in isolation, but rather in relation to the cash flows or fair value of the underlying hedged transaction and to the overall reduction in the exposure relating to adverse fluctuations in interest rates on the Company’s or its unconsolidated equity method investment’s variable-rate debt.
	Realized and unrealized gain (loss) on derivative financial instruments designated by either the Company or its unconsolidated equity method investment as cash flow hedges are reported as a component of other comprehensive income (loss), a component of stockholders’ equity, in the accompanying consolidated statements of comprehensive income (loss) to the extent they are effective; reclassified into earnings on the same line item associated with the hedged transaction and in the same period the hedged transaction affects earnings. Any ineffective portions of cash flow hedges are reported in the accompanying condensed consolidated statements of operations as derivative gain (loss). Realized and unrealized gain (loss) on derivative financial instruments designated as cash flow hedges that are entered into by the Company’s equity method investments are reported as a component of the Company’s other comprehensive income (loss) in proportion to the Company’s ownership percentage in the investment, with reclassifications and ineffective portions being included in equity in earnings (loss) of unconsolidated entities in the accompanying consolidated statements of operations.
Fair Value Measurements	'
	Fair Value Measurements — Fair value assumptions are based on the framework established in the fair value accounting guidance under GAAP. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels of fair value inputs:

		•	Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access.

		•	Level 2 — Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability either directly or indirectly; such as, quoted prices for similar assets or liabilities or other inputs that can be corroborated by observable market data.

		•	Level 3 — Unobservable inputs for the asset or liability, which are typically based on the Company’s own assumptions, as there is little, if any, related market activity.
	When market data inputs are unobservable, the Company utilizes inputs that it believes reflects the Company’s best estimate of the assumptions market participants would use in pricing the asset or liability. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.
Mortgages and Other Notes Payable	'
	Mortgages and Other Notes Payable — Mortgages and other notes payable are recorded at the stated principal amount and are generally collateralized by the Company’s properties. Mortgages and other notes payable assumed in connection with an acquisition are recorded at fair market value as of the date of the acquisition.
Shares Based Payments to Non-Employees	'
	Shares Based Payments to Non-Employees — In connection with the advisor expense support and restricted stock agreement (the “Advisor Expense Support Agreement”) and the property manager expense support and restricted stock agreement (the “Property Manager Expense Support Agreement”) described in Note 11, “Related Party Arrangements,” (hereinafter collectively referred to as the “Expense Support Agreements”), the Company may issue subordinated forfeitable restricted stock (“Restricted Stock”) to the Advisor or the Property Manager on a quarterly basis in exchange for providing expense support in the event that cash distributions declared exceed modified funds from operations as defined by the Expense Support Agreements.
	The Restricted Stock is forfeited if shareholders do not ultimately receive their original invested capital back with at least a 6% annualized return of investment upon a future liquidity or disposition event of the Company. Upon issuance of Restricted Stock, the Company measures the fair value at its then-current lowest aggregate fair value pursuant to ASC 505-50. On the date in which the Advisor or the Property Manager satisfies the vesting criteria, the Company remeasures the fair value of the Restricted Stock pursuant to ASC 505-50 and records expense equal to the difference between the original fair value and that of the remeasurement date. In addition, given that performance is outside the control of the Advisor or the Property Manager and involves both market conditions and counterparty performance conditions, the shares are treated as unissued for accounting purposes and the Company only includes the Restricted Stock in the calculation of diluted earnings per share to the extent their effect is dilutive and the vesting conditions have been satisfied as of the reporting date.
	Pursuant to the Expense Support Agreements, the Advisor or the Property Manager shall be the record owner of the Restricted Stock until the shares of common stock are sold or otherwise disposed of, and shall be entitled to all of the rights of a stockholder of the Company including, without limitation, the right to vote such shares (to the extent permitted by the Articles) and receive all dividends and other distributions paid with respect to such shares. All dividends or other distributions actually paid to the Advisor or the Property Manager in connection with the Restricted Stock shall vest immediately and will not be subject to forfeiture. The Company recognizes expense related to the dividends on the Restricted Stock shares as declared.
Acquisition Fees and Expenses	'
	Acquisition Fees and Expenses — Acquisition fees, including investment services fees and expenses associated with transactions deemed to be business combinations (including investment transactions that are no longer under consideration), are expensed as incurred. Acquisition fees and expenses associated with making loans and with transactions deemed to be an asset purchase are capitalized. The Company incurred approximately $19.5 million, $10.6 million and $0.9 million in acquisitions fees and expenses during the years ended December 31, 2013, 2012 and 2011, respectively. For the years ended December 31, 2013 and 2012, approximately $0.1 million and $0.7 million, respectively, was capitalized as real estate under development, approximately $0.5 million and $3.3 million, respectively, was capitalized as investment in unconsolidated entities, approximately $0.1 million and $0, respectively, was capitalized as origination costs related to the note receivable from related party, and the remaining was expensed. There were no acquisition fees and expenses capitalized for the year ended December 31, 2011.
Redemptions	'
	Redemptions — Under the Company’s stock redemption plan, a stockholder’s shares are deemed to have been redeemed as of the date that the Company accepts the stockholder’s request for redemption. From and after such date, the stockholder by virtue of such redemption is no longer entitled to any rights as a stockholder in the Company. Shares redeemed are retired and not available for reissue.
Revenue Recognition	'
	Revenue Recognition — Rental income from operating leases is recorded on the straight-line basis over the terms of the leases. The Company’s leases require the tenants to pay certain additional contractual amounts that are set aside by the Company for replacements of fixed assets and other improvements to the properties. These amounts are and will remain the property of the Company during and after the term of the lease. The amounts are recorded as capital improvement reserve income at the time that they are earned and are included in rental income from operating leases in the accompanying consolidated statement of operations. Additional percentage rent that is due contingent upon tenant performance thresholds, such as gross revenues, is deferred until the underlying performance thresholds have been achieved.
	Resident fees and services consist of monthly services, which include rent, assistance and other related services. Agreements with residents are generally for an initial term of 3 months and are cancelable by the residents with 30 days’ notice.
	Tenant reimbursement income represents amounts tenants are required to reimburse the Company in accordance with the terms of the leases and are recognized in the period in which the related reimbursable expenses are incurred.
	Interest income is recognized on an accrual basis when earned. Any deferred portion of contractual interest is recognized on a straight-line basis over the term of the corresponding note receivable. Loan origination fees incurred are recognized as a reduction in interest income over the term of the note receivable.
Net Loss per Share	'
	Net Loss per Share — Net loss per share is calculated based upon the weighted average number of shares of common stock outstanding during the period in which the Company was operational. For the purposes of determining the weighted average number of shares of common stock outstanding, stock distributions are treated as if they were issued and outstanding for the full periods presented. Therefore, the weighted average number of shares outstanding for the years ended December 31, 2013, 2012 and 2011 have been revised to include stock distributions declared and issued through the date of this filing as if they were outstanding as of the beginning of each period presented.
Segment Information	'
	Segment Information — Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company has determined that it operates in one operating segment, real estate ownership. The Company’s chief operating decision maker evaluates the Company’s operations from a number of different operational perspectives including but not limited to a property-by-property basis and by tenant or operator. The Company derives all significant revenues from a single reportable operating segment of business, healthcare real estate regardless of the type (senior housing, medical office, etc.) or ownership structure (leased or managed). Accordingly, the Company does not report segment information; nevertheless, management periodically evaluates whether the Company continues to have one single reportable segment of business.
Reclassifications	'
	Reclassifications — Certain prior period amounts in the consolidated financial statements have been reclassified to conform to the current period presentation with no effect on previously reported total assets and total liabilities, net loss or stockholders’ equity.
Income Taxes	'
	Income Taxes — The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended and related regulations beginning with the year ended December 31, 2012. In order to be taxed as a REIT, the Company is subject to certain organizational and operational requirements, including the requirement to make distributions to its stockholders each year of at least 90% of its REIT taxable income (which is computed without regard to the dividends-paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). If the Company qualifies for taxation as a REIT, the Company generally will not be subject to U.S. federal income tax on income that the Company distributes as dividends. If the Company fails to quality as a REIT in any taxable year, the Company will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost, unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and U.S. federal income and excise taxes on its undistributed income. The Company may also be subject to foreign taxes on investments outside of the United States based on the jurisdictions in which the Company conducts business.
	The Company has and will continue to form subsidiaries which may elect to be taxed as a TRS for U.S. federal income tax purposes. Under the provisions of the Internal Revenue Code and applicable state laws, a TRS will be subject to tax on its taxable income from its operations. The Company will account for federal and state income taxes with respect to a TRS using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and respective tax bases and operating losses and tax-credit forwards.
	Prior to the Company’s REIT election, it was subject to corporate federal and state income taxes. Prior to and including the year ended December 31, 2011, the Company did not have earnings. The tax years from 2010 to 2013 remain subject to examination by taxing authorities throughout the United States. The Company analyzed its material tax positions and determined that it has not taken any uncertain tax positions.
Adopted Accounting Pronouncements	'
	Adopted Accounting Pronouncements — In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (AOCI).” This update clarified the guidance in subtopic 220 and requires preparers to report, in one place, information about reclassifications out of AOCI. The ASU also requires companies to report changes in AOCI balances. Effective January 1, 2013, the Company adopted this ASU. The adoption of this update did not have a material impact on the Company’s financial position, results of operations or cash flows.
	In December 2011, the FASB issued ASU No. 2011-11, “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (Topic 210).” This ASU also serves to amend the disclosure requirements in FASB ASU 815, “Derivatives and Hedging.” This ASU will require companies to provide both net amounts (those that are offset) and gross information (as if amounts are not offset) in notes to the financial statements. In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities”, that clarifies which instruments and transactions are subject to the offsetting disclosure requirement within the scope of ASU 2011-11. This ASU is effective for interim and annual periods beginning on or after January 1, 2013. The adoption of this ASU did not have a material effect on the Company’s financial statements and disclosures.

	In December 2011, the FASB issued ASU No. 2011-10, “Property, Plant, and Equipment (Topic 360): Derecognition of in Substance Real Estate — a Scope Clarification.” This update clarified the guidance in subtopic 360-20 as it applies to the derecognition of in substance real estate when the parent ceases to have a controlling financial interest in a subsidiary that is in substance real estate because of a default by the subsidiary on its nonrecourse debt. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after June 15, 2012. The Company has determined that the impact of this update will not have a material impact on the Company’s financial position, results of operations or cash flows.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements — In February 2013, the FASB issued ASU No. 2013-04, “Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date.” This update clarified the guidance in subtopic 405 and requires entities to measure obligations resulting from joint and several liability arrangements for which total obligation is fixed at the reporting date. Entities are required to measure the obligation as the amount that the reporting entity agreed to pay on the basis of its arrangement among its co-obligors plus any additional amount the reporting entity expects to pay on behalf of its co-obligors. Additionally, the guidance requires entities to disclose the nature and amount of the obligations as well as other information about those obligations. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013 for public entities. The Company has determined that the impact of this update will not have a material impact on the Company’s financial position, results of operations or cash flows.
	In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a similar Tax Loss, or a Tax Credit Carryforward Exists.” This update clarified the guidance in subtopic 740 and requires entities to present an unrecognized tax benefit, or a portion of an unrecognized tax benefit in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward to the extent one is available. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2013 for public entities. The Company has determined that the impact of this update will not have a material impact on the Company’s financial position, results of operations or cash flows.

Acquisitions_Tables

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Acquisitions of Properties

Property Name

Location

Asset Type

Date

Purchase

Acquired

Price

(in thousands)

Perennial Communities (“Perennial SNFs”)

Batesville Healthcare Center

Batesville, AR

Skilled Nursing

5/31/13

6,206

Broadway Healthcare Center

West Memphis, AR

Skilled Nursing

5/31/13

11,799

Jonesboro Healthcare Center

Jonesboro, AR

Skilled Nursing

5/31/13

15,232

Magnolia Healthcare Center

Magnolia, AR

Skilled Nursing

5/31/13

11,847

Mine Creek Healthcare Center

Nashville, AR

Skilled Nursing

5/31/13

3,374

Searcy Healthcare Center

Searcy, AR

Skilled Nursing

5/31/13

7,898

LaPorte Cancer Center

Westville, IN

Medical Office

6/14/13

13,100

Knoxville Medical Office Properties (“Knoxville MOBs”)

Physicians Plaza A at North Knoxville Medical Center

Powell, TN

Medical Office

7/10/13

18,124

Physicians Plaza B at North Knoxville Medical Center

Powell, TN

Medical Office

7/10/13

21,800

Physicians Regional Medical Center – Central Wing Annex

Knoxville, TN

Medical Office

7/10/13

5,775

Jefferson Medical Commons

Jefferson City, TN

Medical Office

7/10/13

11,616

HarborChase of Jasper

Jasper, AL

Senior Housing

8/1/13

7,300

Medical Portfolio I Properties (“Medical Portfolio I”)

Doctors Specialty Hospital

Leawood, KS

Specialty Hospital

8/16/13

10,003

John C. Lincoln Medical Office Plaza I

Phoenix, AZ

Medical Office

8/16/13

4,420

John C. Lincoln Medical Office Plaza II

Phoenix, AZ

Medical Office

8/16/13

3,106

North Mountain Medical Plaza

Phoenix, AZ

Medical Office

8/16/13

6,185

Escondido Medical Arts Center

Escondido, CA

Medical Office

8/16/13

15,602

Chestnut Commons Medical Office Building

Elyria, OH

Medical Office

8/16/13

20,712

South Bay I Communities

Raider Ranch

Lubbock, TX

Senior Housing

8/29/13

55,000

Town Village

Oklahoma City, OK

Senior Housing

8/29/13

22,500

Calvert Medical Office Properties (“Calvert MOBs”)

Calvert Medical Office Building I, II, & III

Prince Frederick, MD

Medical Office

8/30/13

16,409

Calvert Medical Arts Center

Prince Frederick, MD

Medical Office

8/30/13

19,320

Dunkirk Medical Center

Dunkirk, MD

Medical Office

8/30/13

4,617

Property Name

Location

Asset Type

Date

Purchase

Acquired

Price

(in thousands)

Pacific Northwest I Communities

MorningStar of Billings

Billings, MT

Senior Housing

12/2/13

48,300

MorningStar of Boise

Boise, ID

Senior Housing

12/2/13

39,964

MorningStar of Idaho Falls

Idaho Falls, ID

Senior Housing

12/2/13

44,390

MorningStar of Sparks

Sparks, NV

Senior Housing

12/2/13

55,200

Prestige Senior Living Arbor Place

Medford, OR

Senior Housing

12/2/13

15,840

Prestige Senior Living Beaverton Hills

Beaverton, OR

Senior Housing

12/2/13

12,900

Prestige Senior Living Five Rivers

Tillamook, OR

Senior Housing

12/2/13

16,720

Prestige Senior Living High Desert

Bend, OR

Senior Housing

12/2/13

13,600

Prestige Senior Living Huntington Terrace

Gresham, OR

Senior Housing

12/2/13

15,020

Prestige Senior Living Orchard Heights

Salem, OR

Senior Housing

12/2/13

17,775

Prestige Senior Living Riverwood

Tualatin, OR

Senior Housing

12/2/13

9,700

Prestige Senior Living Southern Hills

Salem, OR

Senior Housing

12/2/13

12,870

Coral Springs Medical Office Buildings (“Coral Springs MOBs”)

Coral Springs Medical Office Building I

Coral Springs, FL

Medical Office

12/23/13

14,900

Coral Springs Medical Office Building II

Coral Springs, FL

Medical Office

12/23/13

16,100

Bay Medical Plaza

Chula Vista, CA

Medical Office

12/23/13

10,700

655,924

During the year ended December 31, 2012, the Company acquired the following 15 senior housing communities:

Name

Location

Structure

Date

Purchase

Acquired

Price

(in thousands)

Primrose I Communities

Primrose Retirement Community of Casper

Casper, WY

Senior Housing

2/16/12

18,839

Sweetwater Retirement Community

Billings, MT

Senior Housing

2/16/12

16,253

Primrose Retirement Community of Grand Island

Grand Island, NE

Senior Housing

2/16/12

13,273

Primrose Retirement Community of Mansfield

Mansfield, OH

Senior Housing

2/16/12

17,994

Primrose Retirement Community of Marion

Marion, OH

Senior Housing

2/16/12

17,691

Primrose II Communities

Primrose Retirement Community of Lima

Lima, OH

Senior Housing

12/19/12

18,627

Primrose Retirement Community of Zanesville

Zanesville, OH

Senior Housing

12/19/12

19,053

Primrose Retirement Community of Decatur

Decatur, IL

Senior Housing

12/19/12

18,120

Primrose Retirement Community of Council Bluffs

Council Bluffs, IA

Senior Housing

12/19/12

12,914

Primrose Retirement Community Cottages

Aberdeen, SD

Senior Housing

12/19/12

4,336

Capital Health Communities

Brookridge Heights Assisted Living & Memory Care

Marquette, MI

Senior Housing

12/21/12

13,500

Curry House Assisted Living & Memory Care

Cadillac, MI

Senior Housing

12/21/12

13,500

Symphony Manor

Baltimore, MD

Senior Housing

12/21/12

24,000

Woodholme Gardens Assisted Living & Memory Care

Pikesville, MD

Senior Housing

12/21/12

17,100

Tranquillity at Fredericktowne

Frederick, MD

Senior Housing

12/21/12

17,000

242,200

Schedule of Purchase Price Allocation

December 31,

2013

2012

Land and land improvements

39,834

16,162

Buildings and building improvements

555,342

211,322

Furniture, fixtures and equipment

13,718

4,887

Intangibles (1)

50,333

7,165

Other liabilities

(2,796

)

—

Net assets acquired

656,431

239,536

Present value of yield guaranty (2)

—

2,664

Contingent purchase price consideration (3)

(507

)

—

Total purchase price consideration

655,924

242,200

FOOTNOTES:

(1)

(2)

Amount included in other assets on the accompanying consolidated balance sheet as of December 31, 2013 and 2012.

(3)

Amount included in other liabilities on the accompanying consolidated balance sheet as of December 31, 2013.

Schedule of Unaudited Proforma Results of Operations

Years ended December 31,

2013

2012

2011

(Unaudited)

Revenues

129,061

125,872

25,802

Net loss (1)

(14,970

)

(40,483

)

(15,030

)

Net income (loss) per share of common stock (basic and diluted)

(0.26

)

(0.87

)

(1.23

)

Weighted average number of shares of common stock outstanding (basic and diluted) (2)

58,192

46,589

12,199

FOOTNOTES:

(1)

(2)

Real_Estate_Assets_net_Tables

Real Estate Assets, net (Tables)	12 Months Ended
Real Estate Assets, net (Tables)	Dec. 31, 2013
Schedule of Real Estate Investment Properties	'
	The gross carrying amount and accumulated depreciation of the Company’s real estate assets as of December 31, 2013 and December 31, 2012 are as follows (in thousands):


		2013			2012

	Land and land improvements	$	59,208		$	16,162
	Building and building improvements		783,260			211,322
	Furniture, fixtures, equipment and vehicles		20,339			4,887
	Less: accumulated depreciation		(14,016	)		(1,960	)

	Real estate investment properties, net		848,791			230,411
	Real estate under development, including land		17,409			8,462

	Total real estate assets, net	$	866,200		$	238,873

Intangibles_net_Tables

Intangibles, net (Tables)	12 Months Ended
Intangibles, net (Tables)	Dec. 31, 2013
Schedule of Net Book Value of Intangibles	'
	The gross carrying amount and accumulated amortization of the Company’s intangible assets and liabilities as of December 31, 2013 and 2012 are as follows (in thousands):


		December 31,			December 31,
		2013			2012
	In-place lease intangibles	$	49,642		$	7,165
	Above-market lease intangibles		3,704			—
	Below-market ground lease intangibles		4,153			—
	Less: accumulated amortization		(5,099	)		(141	)

	Intangible assets, net	$	52,400		$	7,024


	Below-market lease intangibles	$	(2,987	)	$	—
	Above-market ground lease intangibles		(317	)		—
	Less: accumulated amortization		168			—

	Intangible liabilities, net	$	(3,136	)	$	—

Schedule of Estimated Future Amortization	'
	The estimated future amortization on the Company’s intangible assets and liabilities for each of the next five years and thereafter, in the aggregate, as of December 31, 2013 is as follows (in thousands):


		Assets			Liabilities
	2014	$	14,821		$	(500	)
	2015		12,938			(447	)
	2016		6,429			(412	)
	2017		3,371			(377	)
	2018		2,871			(308	)
	Thereafter		11,970			(1,092	)

		$	52,400		$	(3,136	)

Operating_Leases_Tables

Operating Leases (Tables)	12 Months Ended
Operating Leases (Tables)	Dec. 31, 2013
Schedule of Future Minimum Lease Payments	'
	The following is a schedule of future minimum lease payments to be received, for each of the next five years and thereafter, under non-cancellable operating leases as of December 31, 2013 (in thousands):


	2014	$	36,089
	2015		34,955
	2016		33,564
	2017		32,754
	2018		32,209
	Thereafter		128,395

		$	297,966

Ground and Air Rights Leases	'
Schedule of Future Minimum Lease Payments	'
	The following is a schedule of future minimum lease payments to be paid under the ground and air rights leases for each of the next five years and thereafter, in the aggregate, as of December 31, 2013 (in thousands):


	2014	$	191
	2015		194
	2016		197
	2017		200
	2018		203
	Thereafter		21,052

		$	22,037

Variable_Interest_Entities_Tab

Variable Interest Entities (Tables)	12 Months Ended
Variable Interest Entities (Tables)	Dec. 31, 2013
Aggregate Carrying Amount and Major Classifications of Consolidated Assets	'
	The aggregate carrying amount and major classifications of the consolidated assets that can be used to settle obligations of the VIEs and liabilities of the consolidated VIEs that are non-recourse to the Company as of December 31, 2013 and 2012 are as follows (in thousands):


		December 31,		December 31,
		2013		2012
	Assets:
	Real estate investment properties, net	$	72,053	$	—

	Real estate under development, including land	$	16,210	$	8,399

	Intangibles, net	$	4,535	$	—

	Cash	$	727	$	9

	Loan costs, net	$	912	$	548

	Other	$	382	$	467


	Liabilities:
	Mortgages and other notes payable	$	52,596	$	2

	Accounts payable and accrued expenses	$	309	$	7

	Accrued development costs	$	7,047	$	311

	Other liabilities	$	939	$	—

	Due to related parties	$	112	$	71

Unconsolidated_Entities_Tables

Unconsolidated Entities (Tables)	12 Months Ended
Unconsolidated Entities (Tables)	Dec. 31, 2013
Summarized Operating Data of Unconsolidated Entities	'
	The following tables present financial information for each of the Company’s unconsolidated entities for the years ended December 31, 2013 and 2012 (in thousands):

			For the year ended December 31, 2013
			Montecito (2)				CHTSunIV (4)				Windsor				Total
			Montecito (2)				CHTSunIV (4)				Manor (2)				Total
	Revenues		$	1,700			$	24,107			$	7,391			$	33,198

	Operating income (3)		$	230			$	3,603			$	67			$	3,900

	Net loss		$	(159	)		$	(46	)		$	(840	)		$	(1,045	)

	Loss allocable to other venture partners (1)		$	(16	)		$	(1,365	)		$	(1,870	)		$	(3,251	)

	Income (loss) allocable to the Company (1)		$	(143	)		$	1,319			$	1,030			$	2,206
	Amortization of capitalized acquisition costs			(8	)			(36	)			(15	)			(59	)

	Equity in earnings (loss) of unconsolidated entities		$	(151	)		$	1,283			$	1,015			$	2,147

	Distributions declared to the Company		$	870			$	2,990			$	666			$	4,526

	Distributions received by the Company		$	699			$	4,458			$	336			$	5,493


			For the Year Ended December 31, 2012
			Montecito				CHTSunIV (2)				Windsor				Total
			Montecito				CHTSunIV (2)				Manor (2)				Total
	Revenues		$	—			$	23,913			$	1,594			$	25,507

	Operating income (loss)		$	—			$	1,872			$	(54	) (3)		$	1,818

	Net loss		$	—			$	(703	)		$	(288	)		$	(991	)

	Loss allocable to other venture partners (1)		$	—			$	(1,703	)		$	(471	)		$	(2,174	)

	Income allocable to the Company (1)		$	—			$	1,000			$	183			$	1,183
	Amortization of capitalized acquisition costs			—				(36	)			(4	)			(40	)

	Equity in earnings of unconsolidated entities		$	—			$	964			$	179			$	1,143


	Distributions declared to the Company		$	—			$	3,075			$	49			$	3,124

	Distributions received by the Company		$	—			$	1,607			$	—			$	1,607

	FOOTNOTES:
	-1	Income (loss) is allocated between the Company and its joint venture partner using the HLBV method of accounting.
	-2	Represents operating results from the date of acquisition through the end of the periods presented.
	-3	Includes approximately $0.4 million and $0.3 million of non-recurring acquisition expenses incurred by Montecito and Windsor Manor for the year ended December 31, 2013. Includes approximately $0.03 million of non- recurring acquisition expenses incurred by Windsor Manor for the year ended December 31, 2012.
	-4	In July 2013, the Company completed the sale of its joint venture membership interest in CHTSunIV.
	The Company did not hold any interest in investments in unconsolidated entities during the year ended December 31, 2011.
	The following tables present financial information for each of the Company’s unconsolidated entities as of December 31, 2013 and 2012 (in thousands):

			As of December 31, 2013
			Montecito				CHTSun IV				Windsor				Total
			Montecito				CHTSun IV				Manor				Total
	Real estate assets, net		$	17,271			$	—			$	27,547			$	44,818

	Intangible assets, net		$	1,925			$	—			$	1,284			$	3,209

	Goodwill		$	—			$	—			$	—			$	—

	Other assets		$	800			$	—			$	2,055			$	2,855

Mortgages and other notes payable		$	12,958			$	—			$	17,508			$	30,466

Other liabilities		$	327			$	—			$	1,471			$	1,798

Partners’ capital		$	6,711			$	—			$	11,907			$	18,618

Carrying amount of investment (1)		$	6,526			$	—			$	11,912			$	18,438

Company’s ownership percentage			90	%			—				75	%

FOOTNOTE:
-1	As of December 31, 2013, the Company’s share of partners’ capital determined under HLBV pursuant to the terms of each entity’s respective partnership agreement was approximately $17.5 million. The difference between the Company’s carrying amount of the investment and the Company’s share of partners’ capital determined under HLBV was approximately $0.9 million.

		As of December 31, 2012
		Montecito				CHTSun IV				Windsor				Total
		Montecito				CHTSun IV				Manor				Total
Real estate assets, net		$	—			$	226,473			$	17,324			$	243,797

Intangible assets, net		$	—			$	564			$	1,065			$	1,629

Goodwill		$	—			$	7,597			$	—			$	7,597

Other assets		$	—			$	6,578			$	986			$	7,564

Mortgages and other notes payable		$	—			$	127,792			$	12,380			$	140,172

Other liabilities		$	—			$	14,084			$	670			$	14,754

Partners’ capital		$	—			$	99,336			$	6,325			$	105,661

Carrying amount of investment (1)		$	—			$	58,934			$	5,626			$	64,560

Company’s ownership percentage			—				55	%			75	%

FOOTNOTE:
-1	As of December 31, 2012, the Company’s share of partners’ capital determined under HLBV pursuant to the terms of each entity’s respective partnership agreement was approximately $61.3 million. The difference between the Company’s carrying amount of the investment and the Company’s share of partners’ capital determined under HLBV was approximately $3.3 million.

Contingent_Purchase_Price_Cons1

Contingent Purchase Price Consideration (Tables)	12 Months Ended
Contingent Purchase Price Consideration (Tables)	Dec. 31, 2013
Fair Value of Contingent Purchase Price Consideration Related to Capital Health Communities	'
	The following table provides a roll-forward of the fair value of the contingent purchase price consideration related to the Capital Health Communities for the years ended December 31, 2013 and 2012 (in thousands):


		Year Ended December 31,
		2013		2012
	Beginning balance	$	2,664	$	—
	Contingent consideration in connection with acquisition		—		2,664
	Change in fair value		1,824		—

	Ending balance	$	4,488	$	2,664

Indebtedness_Tables

Indebtedness (Tables)	12 Months Ended
Indebtedness (Tables)	Dec. 31, 2013
Schedule of Indebtedness	'
	The following table provides details of the Company’s mortgages and other notes payable as of December 31, 2013 and 2012 (in thousands):


	Property and Related Loan Type		Interest Rate at		Payment Terms	Maturity	Outstanding
			December 31,			Date (2)	Principal Balance
			2013 (1)				As of December 31,
							2013		2012

	Perennial SNFs;		LIBOR plus		Monthly interest only payments through 2015; principal and interest payments thereafter based on a 30-year amortization schedule	5/31/16	$	30,000	$	—
	Mortgage loan (3)		4.25% per annum			5/31/16	$	30,000	$	—
	Calvert MOBs ;		LIBOR plus		Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule	8/30/18		26,274		—
	Mortgage loan (4)		2.50% per annum			8/30/18		26,274		—
	Medical Portfolio I;		LIBOR plus		Monthly principal and interest payments based on a 30-year amortization schedule	9/5/16		35,512		—
	Mortgage loan (5)		2.65% per annum			9/5/16		35,512		—
	HarborChase of Villages Crossing;		LIBOR plus		Monthly interest only payments through 2015; principal and interest payments thereafter based on a 30-year amortization schedule	9/1/17		13,130		—
	Construction loan		3.2% per annum			9/1/17		13,130		—
	Dogwood Community;		LIBOR plus		Monthly interest only payments through 2015; principal and interest payments thereafter based on a 30-year amortization schedule	1/1/18		3,765		—
	Construction loan		3.2% per annum			1/1/18		3,765		—
	Knoxville MOBs;		LIBOR plus		Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule	7/10/18		38,609		—
	Mortgage loan (6)		2.50% per annum			7/10/18		38,609		—
	Primrose II Communities;		-8		Monthly interest only payments based on LIBOR plus 3.75% per annum	-8		—		49,687
	Bridge loan		-8			-8		—		49,687

					Total variable rate debt			147,290		49,687


	Pacific Northwest I Communities;		4.30% per annum		Monthly principal and interest payments based on a 30-year amortization schedule	12/5/18		157,549		—
	Mortgage loan		4.30% per annum			12/5/18		157,549		—
	Capital Health Communities;		4.25% per annum		Monthly principal and interest payments based on a 25-year amortization schedule	1/1/20		47,481		48,500
	Mortgage loan		4.25% per annum			1/1/20		47,481		48,500
	Primrose II Communities;		3.81% per annum		Monthly principal and interest payments based on a 30-year amortization schedule	6/1/20		23,337		—
	Mortgage loan		3.81% per annum			6/1/20		23,337		—
	Primrose I Communities;		4.11% per annum		Monthly principal and interest payments based on a 30-year amortization schedule	9/1/22		54,031		54,964
	Mortgage loan (7)		4.11% per annum			9/1/22		54,031		54,964
	LaPorte Cancer Center;		4.25% per annum		Monthly interest only payments	6/14/28		8,419		—
	Mortgage loan		through 2020		Monthly interest only payments	6/14/28		8,419		—
	CHTSun IV; Mezzanine loan		-9		Monthly interest only payments of 8.0% per annum	-9		—		40,000

					Total fixed rate debt		$	290,817	$	143,464

					Total debt		$	438,107	$	193,151


	FOOTNOTES:

	(1)	The 30-day London Interbank Offered Rate (“LIBOR”) was approximately 0.2% as of December 31, 2013 and 2012, respectively.
	(2)	Represents the initial maturity date (or, as applicable, the maturity date as extended). The maturity date may be extended beyond the date shown subject to certain lender conditions.
	(3)	The Company entered into a two-year forward interest rate swap with a notional amount of $30 million; see Note 13, “Derivative Financial Instruments” for additional information.
	(4)	The Company entered into a three-year forward interest rate swap with a notional amount of $26.1 million; see Note 13, “Derivative Financial Instruments” for additional information.
	(5)	The Company entered into a two-year forward interest rate swap with a notional amount of $30 million; see Note 13, “Derivative Financial Instruments” for additional information.
	(6)	The Company entered into a three-year forward interest rate swap with a notional amount of $38.3 million; see Note 13, “Derivative Financial Instruments” for additional information.
	(7)	If prepaid prior to March 1, 2022, the Primrose I Communities Mortgage Loan is subject to a prepayment penalty in an amount equal to the greater of (i) 1% of the principal being repaid, or (ii) an amount calculated on the principal being repaid, multiplied by the difference between the Primrose I Communities Mortgage Loan interest rate, and a calculated yield rate tied to the rates on applicable U.S. Treasuries. If prepayment is made between March 1, 2022, and May 31, 2022, the prepayment penalty will be 1% of the outstanding principal balance of the Primrose I Communities Mortgage Loan. No prepayment fee is required if the Primrose I Communities Mortgage Loan is prepaid between June 1, 2022 and maturity. Partial prepayment of a loan is not permitted. The loan is transferable upon sale of the assets subject to lender approval.
	(8)	The Company refinanced this bridge loan with the Primrose II Communities mortgage loan detailed herein.
	(9)	For the year ended December 31, 2013, the Company recorded a write-off of approximately $0.2 million as a loss on the early extinguishment of debt and paid an exit fee of $0.8 million upon the repayment of the CHTSunIV mezzanine loan prior to its maturity date. These amounts are included in interest expense and loan cost amortization in the accompanying consolidated statement of operations.
Schedule of Future Principal Payments and Maturity	'
	The following is a schedule of future principal payments and maturity for the Company’s borrowings as of December 31, 2013 (in thousands):


	2014		$	7,169
	2015			9,704
	2016			171,152
	2017			22,046
	2018			208,231
	Thereafter			118,305

			$	536,607

Related_Party_Arrangements_Tab

Related Party Arrangements (Tables)	12 Months Ended
Related Party Arrangements (Tables)	Dec. 31, 2013
Related Party Arrangement, Fees and Expenses Incurred	'
	For the years ended December 31, 2013, 2012 and 2011, the Company incurred fees and reimbursable expenses as follows (in thousands):


			2013			2012			2011
	Reimbursable expense:
	Offering costs (1)		$	4,373		$	6,867		$	664
	Operating expenses (2)			2,576			1,506			1,761
	Acquisition fees and expenses			254			269			—

				7,203			8,642			2,425

	Investment services fees (3)			12,892			7,673			—
	Disposition fee (4)			608			—			—
	Financing coordination fee (5)			—			552			—
	Property management fees (6)			1,244			452			—
	Asset management fees (7)			5,089			1,380			—

			$	27,036		$	18,699		$	2,425


	FOOTNOTES:

	(1)	Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders’ equity. Amounts include $0.1 million, $0 and $0.2 million of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2013, 2012 and 2011, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.
	(2)	Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations. Amounts include $0.2 million, $0.1 million and $0 of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2013, 2012 and 2011, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.
	(3)	For the year ended December 31, 2013, the Company incurred approximately $12.9 million in investment service fees of which approximately $0.5 million and $0.1 million, respectively, were capitalized and included in investments in unconsolidated entities and real estate under development. For the year ended December 31, 2012, the Company incurred approximately $7.7 million in investment services fees of which approximately $2.9 million and $0.6 million, respectively, were capitalized and included in investments in unconsolidated entities and properties held for development. There were no amounts incurred for the year ended December 31, 2011. Investment service fees are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
	(4)	Amounts are recorded as a reduction to gain on sale of investment in unconsolidated entity in the accompanying consolidated statements of operations.
	(5)	Amounts are recorded as loan costs in the accompanying consolidated balance sheet and amortized as interest expense and loan cost amortization in the accompanying consolidated statements of operations.
	(6)	For the year ended December 31, 2013, the Company incurred approximately $1.2 million in property and construction management fees payable to the Property Manager of which approximately $0.3 million in construction management fees have been capitalized and included in real estate under development. For the year ended December 31, 2012, the Company incurred approximately $0.1 million in construction management fees which were capitalized and included in real estate under development. There were no amounts incurred for the year ended December 31, 2011.
	(7)	For the year ended December 31, 2013, the Company incurred approximately $5.1 million in asset management fees and specified expenses, which are net of approximately $1.4 million in asset management fees that were forgone in accordance with the terms of the Advisor Expense Support Agreement and approximately $0.1 million that have been capitalized and included in real estate under development. For the year ended December 31, 2012, the company incurred $0.01 million in asset management fees which were capitalized and included in real estate under development. There were no amounts incurred for the year ended December 31, 2011.
Funding on ADC Loan as Note Receivable from Related Parties	'
	The approximate $3.9 million of funding on the ADC Loan has been recorded as a note receivable from related party in the accompanying consolidated balance sheet as of December 31, 2013 and is comprised of the following:


	Borrower (Description of Collateral Property)		Origination		Maturity	Interest			Loan Principal Balance as of
			Date		Date (1)	Rate (2)			December 31,		December 31,
									2013		2012
									(in thousands)		(in thousands)
	Crosland Southeast (land development)		6/27/13		6/27/14		16	%	$	3,741	$	—
	Loan origination costs, net									84		—
	Accrued interest (3)									124		—

	Total note receivable from related party								$	3,949	$	—


	FOOTNOTES:

	(1)	The initial term of the ADC Loan is one year with an extension option of up to six months.
	(2)	The interest rate is comprised of an 8% component that is paid monthly and an 8% component that is paid upon maturity of the ADC Loan.
	(3)	Approximately $0.03 million of accrued interest represents monthly interest payments and approximately $0.1 million represents amounts that are due at maturity. Accrued interest is included in interest income on note receivable from related party in the accompanying statements of operations for the year ended December 31, 2013.
Schedule of Future Principal Maturities	'
	The following is a schedule of future principal maturities for the note receivable from related party for each of the next five years and thereafter, in the aggregate, as of December 31, 2013 (in thousands):


	2014		$	3,949
	2015			—
	2016			—
	2017			—
	2018			—
	Thereafter			—

	Total		$	3,949

Public Offering	'
Related Party Arrangement, Fees and Expenses Incurred	'
	For the years ended December 31, 2013, 2012 and 2011, the Company incurred fees in connection with its Offering as follows (in thousands):


			2013			2012			2011
	Selling commissions (1)		$	10,262		$	7,070		$	916
	Marketing support fees (1)			11,310			4,957			392

			$	21,572		$	12,027		$	1,308

Property Manager	'
Related Party Arrangement, Fees and Expenses Incurred	'
	As of December 31, 2013 and 2012, amounts due to affiliates for fees and expenses described above are as follows (in thousands):


			2013			2012
	Due to managing dealer:
	Selling commissions		$	71		$	103
	Marketing support fees			70			136

				141			239

	Due to Property Manager:
	Property management fees			322			452

				322			452

	Due to the Advisor and its affiliates:
	Reimbursable offering costs			612			356
	Reimbursable operating expenses			1,053			243
	Asset management fees			894			—
	Interest reserve account and other advances			286			—

				2,845			599

			$	3,308		$	1,290

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	12 Months Ended
Derivative Financial Instruments (Tables)	Dec. 31, 2013
Summary of Gross and Net Amounts of Interest Rate Swap Derivatives Presented in Condensed Consolidated Balance Sheet	'
	The following table summarizes the terms of the forward interest rate swaps held by the Company or through its joint ventures and the asset (liability) that has been recorded as of December 31, 2013 (in thousands):


																Fair value asset (liability)
																December 31,
	Notional			Strike (1)			Credit			Trade			Maturity			2013			2012
	amount			Strike (1)			Spread (1)			date			date			2013			2012
	$	12,421	(2)		1.3	%		2.6	%		1/17/13			1/15/18		$	83		$	—
	$	38,255	(3)		2.7	%		2.5	%		9/6/13			7/10/18		$	(590	)	$	—
	$	26,067	(3)		2.8	%		2.5	%		9/6/13			8/29/18		$	(435	)	$	—
	$	29,952	(3)		0.9	%		2.7	%		11/13/13			5/31/16		$	(10	)	$	—
	$	30,000	(3)		1.1	%		4.3	%		10/22/13			8/19/16		$	(8	)	$	—
Interest Rate Swap and Proportion of Fair Value Relative to Company's Ownership Percentage	'
	The following table summarizes the gross and net amounts of the Company’s forward interest rate swaps as presented in the accompanying consolidated balance sheet as of December 31, 2013 (in thousands):


				Gross and net amounts of asset (liability)									Gross amounts in the
				presented in the accompanying									accompanying consolidated balance
				consolidated balance sheet									sheet as of December 31, 2013
				as of December 31, 2013
	Notional			Gross			Offset			Net			Financial			Cash			Net
	amount			amount			amount			amount			Instruments			Collateral			Amount
	$	12,421	(2)	$	83		$	—		$	83		$	83		$	—		$	83
	$	38,255	(3)	$	(590	)	$	—		$	(590	)	$	(590	)	$	—		$	(590	)
	$	26,067	(3)	$	(435	)	$	—		$	(435	)	$	(435	)	$	—		$	(435	)
	$	29,952	(3)	$	(10	)	$	—		$	(10	)	$	(10	)	$	—		$	(10	)
	$	30,000	(3)	$	(8	)	$	—		$	(8	)	$	(8	)	$	—		$	(8	)

	FOOTNOTES:

	(1)	The all-in rates for each swap are equal to the sum of the Strike and Credit Spread detailed above.
	(2)	Amounts related to the swap held by the Montecito Joint Venture for which the proportion of fair value relative to the Company’s ownership percentage are included in investments in unconsolidated entities in the accompanying consolidated balance sheet as of December 31, 2013.
	(3)	Amounts are included in other liabilities in the accompanying consolidated balance sheet as of December 31, 2013.

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	12 Months Ended
Stockholders' Equity (Tables)	Dec. 31, 2013
Effect of Derivative Financial Instruments	'
	The following table reflects the effect of derivative financial instruments held by Company, or its equity method investments, and included in the consolidated statements of comprehensive loss for the years ended December 31, 2013 and 2012, respectively (in thousands):


	Derivative Financial Instrument	Gain (loss) recognized in					Location of gain	Gain (loss) reclassified from
		other comprehensive loss on					(loss) reclassified	AOCI into earnings
		derivative financial instrument					into earnings	(Effective Portion)
		(Effective Portion)					(Effective Portion)
		Year ended						Year ended
		December 31,						December 31,
		2013			2012			2013		2012
	Interest rate swaps	$	(1,042	)	$	—	Not applicable	$	—	$	—
	Interest rate swaps held by unconsolidated joint ventures		83			—	Not applicable		—		—

	Total	$	(959	)	$	—		$	—	$	—

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2013
Components of Income Tax Benefit (Expense)	'
	The components of the income tax benefit (expense) for the years ended December 31, 2013, 2012 and 2011 were as follows (in thousands):


		Year Ended December 31,
		2013			2012			2011
	Current:
	Federal	$	13		$	(13	)	$	—
	State		—			(1	)		—

	Total current benefit (expense)		13			(14	)		—

	Deferred:
	Federal		(25	)		25			—
	State		(6	)		6			—

	Total deferred benefit (expense)		(31	)		31			—

	Income tax benefit (expense)	$	(18	)	$	17		$	—

Significant Components of Deferred Tax Assets	'
	Significant components of the Company’s deferred tax assets as of December 31, 2013 and 2012 are as follows (in thousands):


		2013			2012
	Net operating losses	$	284		$	—
	Prepaid rent		313			31
	Valuation allowance		(597	)		—

	Net deferred tax assets	$	—		$	31

Reconciliation of Income Taxes	'
	A reconciliation of taxes computed at the statutory federal tax rate on income before income taxes to the provision (benefit) for income taxes is as follows (in thousands):


		Year Ended December 31,
		2013						2012					2011
	Tax expense computed at federal statutory rate	$	(6,329	)		(35.00	%)	$	(3,758	)	(35.00	%)	$	—	0	%
	Benefit of REIT election		6,344			35.08	%		3,746		34.89	%		—	0	%
	State income tax benefit (expense), net		3			0.02	%		(5	)	(0.05	%)		—	0	%

	Income tax (benefit) expense	$	18			0.1	%	$	(17	)	(0.16	%)	$	—	0	%

Concentration_of_Credit_Risk_T

Concentration of Credit Risk (Tables)	12 Months Ended
Concentration of Credit Risk (Tables)	Dec. 31, 2013
Tenants that Individually Accounted for 10% or More of Total Revenues or Assets	'
	As of December 31, 2013 and 2012, and for the corresponding years then ended, the Company had the following tenants that individually accounted for 10% or more of total revenues or assets:


	Tenant		Percentage of Total Revenues (1)								Percentage of Total Assets (2)
			December 31,								December 31,
			2013			2012			2011		2013			2012
	TSMM Management (“TSMM”); tenant of the Primrose Communities			26.5	%		93.8	%		—		15.3	%		46.9	%

	FOOTNOTES:

	(1)	Includes contractual rental income from operating leases, capital reserve income, straight-line rent adjustments and amortization of lease intangibles.
	(2)	Represents net book value of real estate assets and lease intangibles associated with the property leased by the respective tenant as of the end of the period presented as a percentage of total assets.

Selected_Quarterly_Financial_D1

Selected Quarterly Financial Data (Tables)	12 Months Ended
Selected Quarterly Financial Data (Tables)	Dec. 31, 2013
Quarterly Financial Data	'
	The following table presents selected unaudited quarterly financial data for the years ended December 31, 2013 and 2012 (in thousands, except per share data):


	2013 Quarters		First			Second			Third			Fourth			Full Year
	Total revenues		$	7,802		$	8,609		$	14,772		$	21,422		$	52,605
	Operating loss			(866	)		(2,302	)		(5,307	)		(5,515	)		(13,990	)
	Equity in earnings (loss) of unconsolidated entities			278			1,182			285			402			2,147
	Net loss			(3,809	)		(2,830	)		(2,305	)		(9,156	)		(18,100	)
	Weighted average number of shares outstanding (basic and diluted) (1)			23,760			31,957			43,286			53,984			38,353

	Loss per share of common stock (basic and diluted)		$	(0.16	)	$	(0.09	)	$	(0.05	)	$	(0.17	)	$	(0.47	)


	2012 Quarters		First			Second			Third			Fourth			Full Year
	Total revenues		$	941		$	1,922		$	1,923		$	2,599		$	7,385
	Operating income (loss)			(1,739	)		(396	)		(192	)		(4,508	)		(6,043	)
	Equity in earnings (loss) of unconsolidated entities			—			(774	)		307			1,610			1,143
	Net loss			(2,413	)		(1,126	)		(2,287	)		(4,894	)		(10,720	)
	Weighted average number of shares outstanding (basic and diluted) (1)			4,247			8,028			12,107			16,973			10,355
	Loss per share of common stock (basic and diluted)		$	(0.57	)	$	(0.14	)	$	(0.19	)	$	(0.29	)	$	(1.04	)
	FOOTNOTE:

	(1)	For purposes of determining the weighted average number of shares of common stock outstanding, stock distributions issued are treated as if they were outstanding as of the beginning of all periods presented.

Subsequent_Events_Tables

Subsequent Events (Tables)	12 Months Ended
Subsequent Events (Tables)	Dec. 31, 2013
Acquisition of Senior Housing Communities in Washington and Oregon	'
	In 2014, the Company acquired an additional five senior housing communities in Washington and Oregon totaling approximately $103.2 million, which are comprised of the following properties:


	Pacific Northwest II Communities		Location		Date	Capacity	Purchase
					Acquired	(in units)	Price
							(in thousands)

	Prestige Senior Living Auburn Meadows		Auburn, WA		2/3/14	102	$	21,930
	Prestige Senior Living Bridgewood		Vancouver, WA		2/3/14	124		22,096
	Prestige Senior Living Monticello Park		Longview, WA		2/3/14	144		27,360
	Prestige Senior Living Rosemont		Yelm, WA		2/3/14	87		16,877
	Prestige Senior Living West Hills		Corvallis, OR		3/3/14	66		14,986

							$	103,249

Preliminary Allocation of Purchase Price for Properties and Estimated Fair Values of Assets Acquired	'
	The following summarizes the Company’s preliminary allocation of the purchase price for the above properties, and the estimated fair values of the assets acquired (in thousands):


	Land and land improvements		$	7,631
	Buildings and building improvements			85,656
	Furniture, fixtures and equipment			2,905
	In-place lease intangibles (1)			7,057

	Total assets acquired		$	103,249

	FOOTNOTES:

	(1)	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles is estimated at approximately 2.5 years.

Organization_Additional_Inform

Organization - Additional Information (Detail) (USD $)	12 Months Ended				1 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Jun. 27, 2011	Jun. 30, 2011
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Jun. 27, 2011	IPO
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]	'	'	'	'	'
CNL properties Trust, Inc. organized date	8-Jun-10	'	'	'	'
Subscriptions received for common stock	$387,363	$168,266	$13,290	'	$3,000,000
Face amount or stated value of common stock per share	$0.01	$0.01	'	$10	'
Common stock offering price per share	'	'	'	$10.14	'
Offering price for reinvestment plan	'	'	'	$9.64	'
Initial public offering termination date	24-Dec-14	'	'	'	'

Summary_of_Significant_Account2

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based Goods and Nonemployee Services Transaction [Line Items]	'	'	'
Interest expense and loan cost amortization	$11.50	$6	'
Capitalized amount of interest	0.7	0.1	'
Accumulated amortization of loan costs	2.5	0.7	'
Annualized return of investment	6.00%	'	'
Acquisitions fees and expenses	19.5	10.6	0.9
Acquisition fees and expenses, capitalized as real estate under development, including land	0.1	0.7	'
Acquisition fees and expenses capitalized as investment unconsolidated entities	0.5	3.3	'
Acquisition fees and expenses, capitalized as origination cost related to note receivable from related party	$0.10	$0	'
Lease, initial term	'3 months	'	'
Lease termination, notice period	'30 days	'	'
Building and Building Improvements \| Minimum	'	'	'
Share-based Goods and Nonemployee Services Transaction [Line Items]	'	'	'
Real estate assets, estimated useful life	'15 years	'	'
Building and Building Improvements \| Maximum	'	'	'
Share-based Goods and Nonemployee Services Transaction [Line Items]	'	'	'
Real estate assets, estimated useful life	'39 years	'	'

Acquisitions_of_Properties_Det

Acquisitions of Properties (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Business Acquisition [Line Items]	'	'
Purchase Price	$655,924	$242,200
Batesville Healthcare Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Batesville, AR	'
Asset Type	'Skilled Nursing	'
Date Acquired	31-May-13	'
Purchase Price	6,206	'
Broadway Healthcare Center	'	'
Business Acquisition [Line Items]	'	'
Location	'West Memphis, AR	'
Asset Type	'Skilled Nursing	'
Date Acquired	31-May-13	'
Purchase Price	11,799	'
Jonesboro Healthcare Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Jonesboro, AR	'
Asset Type	'Skilled Nursing	'
Date Acquired	31-May-13	'
Purchase Price	15,232	'
Magnolia Healthcare Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Magnolia, AR	'
Asset Type	'Skilled Nursing	'
Date Acquired	31-May-13	'
Purchase Price	11,847	'
Mine Creek Healthcare Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Nashville, AR	'
Asset Type	'Skilled Nursing	'
Date Acquired	31-May-13	'
Purchase Price	3,374	'
Searcy Healthcare Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Searcy, AR	'
Asset Type	'Skilled Nursing	'
Date Acquired	31-May-13	'
Purchase Price	7,898	'
LaPorte Cancer Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Westville, IN	'
Asset Type	'Medical Office	'
Date Acquired	14-Jun-13	'
Purchase Price	13,100	'
Physicians Plaza A at North Knoxville Medical Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Powell, TN	'
Asset Type	'Medical Office	'
Date Acquired	10-Jul-13	'
Purchase Price	18,124	'
Physicians Plaza B at North Knoxville Medical Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Powell, TN	'
Asset Type	'Medical Office	'
Date Acquired	10-Jul-13	'
Purchase Price	21,800	'
Physicians Regional Medical Center - Central Wing Annex	'	'
Business Acquisition [Line Items]	'	'
Location	'Knoxville, TN	'
Asset Type	'Medical Office	'
Date Acquired	10-Jul-13	'
Purchase Price	5,775	'
Jefferson Medical Commons	'	'
Business Acquisition [Line Items]	'	'
Location	'Jefferson City, TN	'
Asset Type	'Medical Office	'
Date Acquired	10-Jul-13	'
Purchase Price	11,616	'
HarborChase of Jasper	'	'
Business Acquisition [Line Items]	'	'
Location	'Jasper, AL	'
Asset Type	'Senior Housing	'
Date Acquired	1-Aug-13	'
Purchase Price	7,300	'
Doctors Specialty Hospital	'	'
Business Acquisition [Line Items]	'	'
Location	'Leawood, KS	'
Asset Type	'Specialty Hospital	'
Date Acquired	16-Aug-13	'
Purchase Price	10,003	'
John C. Lincoln Medical Office Plaza I	'	'
Business Acquisition [Line Items]	'	'
Location	'Phoenix, AZ	'
Asset Type	'Medical Office	'
Date Acquired	16-Aug-13	'
Purchase Price	4,420	'
John C. Lincoln Medical Office Plaza II	'	'
Business Acquisition [Line Items]	'	'
Location	'Phoenix, AZ	'
Asset Type	'Medical Office	'
Date Acquired	16-Aug-13	'
Purchase Price	3,106	'
North Mountain Medical Plaza	'	'
Business Acquisition [Line Items]	'	'
Location	'Phoenix, AZ	'
Asset Type	'Medical Office	'
Date Acquired	16-Aug-13	'
Purchase Price	6,185	'
Escondido Medical Arts Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Escondido, CA	'
Asset Type	'Medical Office	'
Date Acquired	16-Aug-13	'
Purchase Price	15,602	'
Chestnut Commons Medical Office Building	'	'
Business Acquisition [Line Items]	'	'
Location	'Elyria, OH	'
Asset Type	'Medical Office	'
Date Acquired	16-Aug-13	'
Purchase Price	20,712	'
Raider Ranch	'	'
Business Acquisition [Line Items]	'	'
Location	'Lubbock, TX	'
Asset Type	'Senior Housing	'
Date Acquired	29-Aug-13	'
Purchase Price	55,000	'
Town Village	'	'
Business Acquisition [Line Items]	'	'
Location	'Oklahoma City, OK	'
Asset Type	'Senior Housing	'
Date Acquired	29-Aug-13	'
Purchase Price	22,500	'
Calvert Medical Office Building I, II, & III	'	'
Business Acquisition [Line Items]	'	'
Location	'Prince Frederick, MD	'
Asset Type	'Medical Office	'
Date Acquired	30-Aug-13	'
Purchase Price	16,409	'
Calvert Medical Arts Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Prince Frederick, MD	'
Asset Type	'Medical Office	'
Date Acquired	30-Aug-13	'
Purchase Price	19,320	'
Dunkirk Medical Center	'	'
Business Acquisition [Line Items]	'	'
Location	'Dunkirk, MD	'
Asset Type	'Medical Office	'
Date Acquired	30-Aug-13	'
Purchase Price	4,617	'
MorningStar of Billings	'	'
Business Acquisition [Line Items]	'	'
Location	'Billings, MT	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	48,300	'
MorningStar of Boise	'	'
Business Acquisition [Line Items]	'	'
Location	'Boise, ID	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	39,964	'
MorningStar of Idaho Falls	'	'
Business Acquisition [Line Items]	'	'
Location	'Idaho Falls, ID	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	44,390	'
MorningStar of Sparks	'	'
Business Acquisition [Line Items]	'	'
Location	'Sparks, NV	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	55,200	'
Prestige Senior Living Arbor Place	'	'
Business Acquisition [Line Items]	'	'
Location	'Medford, OR	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	15,840	'
Prestige Senior Living Beaverton Hills	'	'
Business Acquisition [Line Items]	'	'
Location	'Beaverton, OR	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	12,900	'
Prestige Senior Living Five Rivers	'	'
Business Acquisition [Line Items]	'	'
Location	'Tillamook, OR	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	16,720	'
Prestige Senior Living High Desert	'	'
Business Acquisition [Line Items]	'	'
Location	'Bend, OR	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	13,600	'
Prestige Senior Living Huntington Terrace	'	'
Business Acquisition [Line Items]	'	'
Location	'Gresham, OR	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	15,020	'
Prestige Senior Living Orchard Heights	'	'
Business Acquisition [Line Items]	'	'
Location	'Salem, OR	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	17,775	'
Prestige Senior Living Riverwood	'	'
Business Acquisition [Line Items]	'	'
Location	'Tualatin, OR	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	9,700	'
Prestige Senior Living Southern Hills	'	'
Business Acquisition [Line Items]	'	'
Location	'Salem, OR	'
Asset Type	'Senior Housing	'
Date Acquired	2-Dec-13	'
Purchase Price	12,870	'
Coral Springs Medical Office Building I	'	'
Business Acquisition [Line Items]	'	'
Location	'Coral Springs, FL	'
Asset Type	'Medical Office	'
Date Acquired	23-Dec-13	'
Purchase Price	14,900	'
Coral Springs Medical Office Building II	'	'
Business Acquisition [Line Items]	'	'
Location	'Coral Springs, FL	'
Asset Type	'Medical Office	'
Date Acquired	23-Dec-13	'
Purchase Price	16,100	'
Bay Medical Plaza	'	'
Business Acquisition [Line Items]	'	'
Location	'Chula Vista, CA	'
Asset Type	'Medical Office	'
Date Acquired	23-Dec-13	'
Purchase Price	10,700	'
Primrose Retirement Community Of Casper	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Casper, WY
Asset Type	'	'Senior Housing
Date Acquired	'	16-Feb-12
Purchase Price	'	18,839
Sweetwater Retirement Community	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Billings, MT
Asset Type	'	'Senior Housing
Date Acquired	'	16-Feb-12
Purchase Price	'	16,253
Primrose Retirement Community Of Grand Island	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Grand Island, NE
Asset Type	'	'Senior Housing
Date Acquired	'	16-Feb-12
Purchase Price	'	13,273
Primrose Retirement Community Of Mansfield	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Mansfield, OH
Asset Type	'	'Senior Housing
Date Acquired	'	16-Feb-12
Purchase Price	'	17,994
Primrose Retirement Community Of Marion	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Marion, OH
Asset Type	'	'Senior Housing
Date Acquired	'	16-Feb-12
Purchase Price	'	17,691
Primrose Retirement Community of Lima	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Lima, OH
Asset Type	'	'Senior Housing
Date Acquired	'	19-Dec-12
Purchase Price	'	18,627
Primrose Retirement Community of Zanesville	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Zanesville, OH
Asset Type	'	'Senior Housing
Date Acquired	'	19-Dec-12
Purchase Price	'	19,053
Primrose Retirement Community of Decatur	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Decatur, IL
Asset Type	'	'Senior Housing
Date Acquired	'	19-Dec-12
Purchase Price	'	18,120
Primrose Retirement Community of Council Bluffs	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Council Bluffs, IA
Asset Type	'	'Senior Housing
Date Acquired	'	19-Dec-12
Purchase Price	'	12,914
Primrose Retirement Community Cottages	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Aberdeen, SD
Asset Type	'	'Senior Housing
Date Acquired	'	19-Dec-12
Purchase Price	'	4,336
Brookridge Heights Assisted Living & Memory Care	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Marquette, MI
Asset Type	'	'Senior Housing
Date Acquired	'	21-Dec-12
Purchase Price	'	13,500
Curry House Assisted Living & Memory Care	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Cadillac, MI
Asset Type	'	'Senior Housing
Date Acquired	'	21-Dec-12
Purchase Price	'	13,500
Symphony Manor	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Baltimore, MD
Asset Type	'	'Senior Housing
Date Acquired	'	21-Dec-12
Purchase Price	'	24,000
Woodholme Gardens Assisted Living & Memory Care	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Pikesville, MD
Asset Type	'	'Senior Housing
Date Acquired	'	21-Dec-12
Purchase Price	'	17,100
Tranquillity at Fredericktowne	'	'
Business Acquisition [Line Items]	'	'
Location	'	'Frederick, MD
Asset Type	'	'Senior Housing
Date Acquired	'	21-Dec-12
Purchase Price	'	$17,000

Schedule_of_Purchase_Price_All

Schedule of Purchase Price Allocation (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Aug. 31, 2013	Dec. 31, 2012
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]	'		'	'
Land and land improvements	$39,834		$1,100	$16,162
Buildings and building improvements	555,342		'	211,322
Furniture, fixtures and equipment	13,718		'	4,887
Intangibles	50,333	[1]	'	7,165	[1]
Other liabilities	-2,796		'	'
Net assets acquired	656,431		'	239,536
Present value of yield guaranty	'		'	2,664	[2]
Contingent purchase price consideration	-507	[3]	'	'
Total purchase price consideration	$655,924		'	$242,200

[1]	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 4.6 years and 7.4 years, respectively.
[2]	Amount included in other assets on the accompanying consolidated balance sheet as of December 31, 2013 and 2012.
[3]	Amount included in other liabilities on the accompanying consolidated balance sheet as of December 31, 2013.

Schedule_of_Purchase_Price_All1

Schedule of Purchase Price Allocation (Parenthetical) (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]	'	'
Weighted-average amortization period on the acquired lease intangibles	'4 years 7 months 6 days	'7 years 4 months 24 days
Acquired lease intangibles	$42.50	$7.20
Acquired other lease intangibles	$7.80	$0

Acquisitions_Additional_Inform

Acquisitions - Additional Information (Detail) (USD $)	1 Months Ended	12 Months Ended			0 Months Ended	12 Months Ended		0 Months Ended
	Aug. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Mar. 03, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 03, 2014	Feb. 03, 2014
					Subsequent Event	Perennial Communities	Perennial Communities	Pacific Northwest II Communities	Pacific Northwest II Communities
								Subsequent Event	Subsequent Event
Business Acquisition [Line Items]	'	'	'	'	'	'	'	'	'
Acquisition fees and expenses	'	$18,840,000	$6,585,000	$892,000	'	$12,100,000	$4,500,000	$1,900,000	'
Purchase Price	'	655,924,000	242,200,000	'	103,249,000	'	'	103,200,000	103,200,000
Revenues attributable to properties	'	19,400,000	7,400,000	'	'	'	'	'	'
Net income (loss) attributable to properties	'	15,800,000	5,600,000	'	'	'	'	'	'
Purchase price of land	3,000,000	1,800,000	'	'	'	'	'	'	'
Maximum development budget	12,100,000	'	'	'	'	'	'	'	'
Land and land improvements	1,100,000	39,834,000	16,162,000	'	7,631,000	'	'	'	'
Investment service fee and acquisition expense	'	$100,000	'	'	'	'	'	'	'

Schedule_of_Unaudited_Proforma

Schedule of Unaudited Proforma Results of Operations (Detail) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]	'		'		'
Revenues	$129,061		$125,872		$25,802
Net loss	($14,970)	[1]	($40,483)	[1]	($15,030)	[1]
Net income (loss) per share of common stock (basic and diluted)	($0.26)		($0.87)		($1.23)
Weighted average number of shares of common stock outstanding (basic and diluted)	58,192	[2]	46,589	[2]	12,199	[2]

[1]	The unaudited pro forma results for the years ended December 31, 2013 and 2012 were adjusted to exclude approximately $18.4 million and $6.3 million, respectively, of acquisition fees and expenses. The unaudited pro forma results for the year ended December 31, 2012 and 2011 were adjusted to include these charges as if the properties had been acquired on January 1, 2012 and 2011, respectively.
[2]	As a result of the properties being treated as operational since January 1, 2012 and 2011, the Company assumed approximately 36.2 million and 9.6 million additional shares, respectively, were issued as of January 1, 2012 and 2011, respectively. Consequently, the weighted average number of shares outstanding was adjusted to reflect this amount of shares being issued on January 1, 2012 and 2011, instead of actual dates on which the shares were issued, and such shares were treated as outstanding as of the beginning of the period presented. In addition, for purposes of determining the weighted average number of shares of common stock outstanding, stock distributions are treated as if they were outstanding as of the beginning of the periods presented.

Schedule_of_Unaudited_Proforma1

Schedule of Unaudited Proforma Results of Operations (Parenthetical) (Detail) (USD $)	1 Months Ended		12 Months Ended
In Thousands, except Share data in Millions, unless otherwise specified	Jan. 31, 2012	Jan. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]	'	'	'	'	'
Acquisition fees and expenses	'	'	$18,840	$6,585	$892
Shares issued to fund acquisition	36.2	9.6	'	'	'
Acquisition-related Costs	'	'	'	'	'
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]	'	'	'	'	'
Acquisition fees and expenses	'	'	$18,400	$6,300	'

Schedule_of_Real_Estate_Invest

Schedule of Real Estate Investment Properties (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Real Estate Properties [Line Items]	'	'
Land and land improvements	$59,208	$16,162
Building and building improvements	783,260	211,322
Furniture, fixtures, equipment and vehicles	20,339	4,887
Less: accumulated depreciation	-14,016	-1,960
Real estate investment properties, net	848,791	230,411
Real estate under development, including land	17,409	8,462
Total real estate assets, net	$866,200	$238,873

Real_Estate_Asset_Net_Addition

Real Estate Asset Net - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Dogwood Forest of Acworth	'	'	'
Real Estate Properties [Line Items]	'	'	'
Real estate development costs	$14.30	'	'
Real Estate Investment Properties	'	'	'
Real Estate Properties [Line Items]	'	'	'
Depreciation expense	$12	$2	$0

Schedule_of_Net_Book_Value_of_

Schedule of Net Book Value of Intangibles (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'
Less: accumulated amortization, assets	($5,099)	($141)
Intangible assets, net	52,400	7,024
Less: accumulated amortization, liabilities	168	'
Intangible liabilities, net	-3,136	'
In place lease intangibles	'	'
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'
Gross carrying amount, assets	49,642	7,165
Above-market lease intangibles	'	'
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'
Gross carrying amount, assets	3,704	'
Gross carrying amount, liabilities	-317	'
Below-market ground lease intangibles	'	'
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'
Gross carrying amount, assets	4,153	'
Gross carrying amount, liabilities	($2,987)	'

Intangibles_Additional_Informa

Intangibles - Additional Information (Detail) (USD $)	12 Months Ended
Intangibles - Additional Information (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'	'
Amortization expense on intangible assets	$5,000,000	$100,000	$0
Amortization expense on intangible liabilities	200,000	0	'
Weighted average useful life of in-place leases	'3 years 6 months	'	'
Lease Rental Income	'	'	'
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'	'
Amortization expense on intangible assets	200,000	'	'
Amortization expense on intangible liabilities	200,000	'	'
Property Operating Expenses	'	'	'
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'	'
Amortization expense on intangible assets	100,000	'	'
Depreciation And Amortization	'	'	'
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'	'
Amortization expense on intangible assets	4,700,000	'	'
Operating expenses	'	'	'
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'	'
Amortization expense on intangible liabilities	$3,000	'	'

Schedule_of_Estimated_Future_A

Schedule of Estimated Future Amortization (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets And Liabilities [Line Items]	'	'
2014	$14,821	'
2015	12,938	'
2016	6,429	'
2017	3,371	'
2018	2,871	'
Thereafter	11,970	'
Intangible assets, net	52,400	7,024
2014	-500	'
2015	-447	'
2016	-412	'
2017	-377	'
2018	-308	'
Thereafter	-1,092	'
Intangible liabilities, net	($3,136)	'

Operating_Leases_Additional_In

Operating Leases - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
Operating Leased Assets [Line Items]	'
Weighted average remaining lease term	'7 years 8 months 12 days
Minimum	'
Operating Leased Assets [Line Items]	'
Lease, expiration year	'2014
Extended lease period	'2 years
Maximum	'
Operating Leased Assets [Line Items]	'
Lease, expiration year	'2030
Extended lease period	'10 years
Triple-net lease agreements	'
Operating Leased Assets [Line Items]	'
Number of properties owned	33
Total annualized property tax	1.3
Single Tenant Properties	'
Operating Leased Assets [Line Items]	'
Number of properties owned	19
Real estate investment properties, percentage leased under operating leases	100.00%
Multi Tenant Properties	'
Operating Leased Assets [Line Items]	'
Number of properties owned	14

Schedule_of_Future_Minimum_Lea

Schedule of Future Minimum Lease Payments (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Non-cancellable operating leases	'
Long-term Purchase Commitment [Line Items]	'
2014	$36,089
2015	34,955
2016	33,564
2017	32,754
2018	32,209
Thereafter	128,395
Total	297,966
Ground and Air Rights Leases	'
Long-term Purchase Commitment [Line Items]	'
2014	191
2015	194
2016	197
2017	200
2018	203
Thereafter	21,052
Total	$22,037

Aggregate_Carrying_Amount_and_

Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Variable Interest Entity [Line Items]	'	'	'	'
Real estate investment properties, net	$848,791	$230,411	'	'
Real estate under development, including land	17,409	8,462	'	'
Intangible assets, net	52,400	7,024	'	'
Cash	44,209	18,262	10,002	201
Loan costs, net	7,919	3,338	'	'
Mortgage and other notes payable	438,107	193,151	'	'
Accounts payable and accrued expenses	7,887	2,215	'	'
Accrued development costs	7,047	311	'	'
Other liabilities	7,243	159	'	'
Due to related parties	3,308	1,290	'	'
VIEs	'	'	'	'
Variable Interest Entity [Line Items]	'	'	'	'
Real estate investment properties, net	72,053	0	'	'
Real estate under development, including land	16,210	8,399	'	'
Intangible assets, net	4,535	0	'	'
Cash	727	9	'	'
Loan costs, net	912	548	'	'
Other	382	467	'	'
Mortgage and other notes payable	52,596	2	'	'
Accounts payable and accrued expenses	309	7	'	'
Accrued development costs	7,047	311	'	'
Other liabilities	939	0	'	'
Due to related parties	$112	$71	'	'

Variable_Interest_Entities_VIE

Variable Interest Entities (VIEs) - Additional Information (Detail) (USD $)	Dec. 31, 2013
In Millions, unless otherwise specified	Dec. 31, 2013
Variable Interest Entity [Line Items]	'
Maximum exposure to loss VIEs limits	$33.80

Unconsolidated_Entities_Additi

Unconsolidated Entities - Additional Information (Detail) (USD $)	12 Months Ended		1 Months Ended		12 Months Ended	1 Months Ended	12 Months Ended		1 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Jul. 31, 2013	Jun. 30, 2012	Dec. 31, 2013	Jan. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Apr. 30, 2013	Dec. 31, 2013	Jan. 31, 2013
			CHTSunIV	CHTSunIV	CHTSunIV	Montecito Joint Venture	Montecito Joint Venture	Montecito Joint Venture	Windsor Manor II Communities	Montecito and Windsor Manor Joint Ventures	Interest Rate Swap
				Property				Funded upon completion of certain tenant improvements	Property		Montecito Joint Venture
									Loan
Variable Interest Entity [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Business acquisition, ownership interest acquired	'	'	'	55.00%	'	90.00%	'	'	75.00%	'	'
Capital of joint venture	'	'	'	'	'	$7,000,000	'	'	'	'	'
Co-venture partner's interest in the acquired business	'	'	'	45.00%	'	10.00%	'	'	'	'	'
Business acquisition, total acquisition price	'	'	'	56,700,000	'	19,800,000	'	'	12,200,000	'	'
Credit facility, term period	'	'	'	'	'	'	'5 years	'	'	'	'
Credit facility, maximum borrowing capacity	120,000,000	'	'	'	'	35,000,000	'	'	'	'	'
Proceeds from credit facility	98,500,000	'	'	'	'	'	12,500,000	400,000	'	'	'
Credit facility maturity date	'	'	'	'	'	'	'2018-01	'	'	'	'
Interest accrues on loan in addition to LIBOR	'	'	'	'	'	'	2.60%	'	'	'	'
Principal and interest payments amortizable period	'	'	'	'	'	'	'360 months	'	'	'	'
Notional amount of derivative contract	'	'	'	'	'	'	'	'	'	'	12,400,000
Derivative contract, fixed interest rate	'	'	'	'	'	'	'	'	'	'	3.94%
Number of properties acquired	'	'	'	7	'	'	'	'	2	'	'
Number of loans assumed	'	'	'	'	'	'	'	'	2	'	'
Loans current outstanding principal amount	'	'	'	'	'	'	'	'	6,000,000	'	'
Acquisition fees and expenses capitalized as investment unconsolidated entities	500,000	3,300,000	'	'	'	'	'	'	'	500,000	'
Sale of joint venture membership interest	'	'	61,800,000	'	'	'	'	'	'	'	'
Gain on disposal of investment in unconsolidated entity	$4,486,000	'	'	'	$4,500,000	'	'	'	'	'	'

Summarized_Operating_Data_of_U

Summarized Operating Data of Unconsolidated Entities Income Statement (Detail) (USD $)	3 Months Ended							12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2013		Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'	'	'	'		'
Revenues	'	'	'	'	'	'	'	$33,198		$25,507
Operating income (loss)	'	'	'	'	'	'	'	3,900	[1]	1,818
Net income (loss)	'	'	'	'	'	'	'	-1,045		-991
Income (loss) allocable to other venture partners	'	'	'	'	'	'	'	-3,251	[2]	-2,174	[2]
Income (loss) allocable to the Company	'	'	'	'	'	'	'	2,206	[2]	1,183	[2]
Amortization of capitalized acquisition costs	'	'	'	'	'	'	'	-59		-40
Equity (loss) in earnings of unconsolidated entities	402	285	1,182	278	1,610	307	-774	2,147		1,143
Distributions declared to the Company	'	'	'	'	'	'	'	4,526		3,124
Distributions received by the Company	'	'	'	'	'	'	'	5,493		1,607
Montecito Joint Venture	'	'	'	'	'	'	'	'		'
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'	'	'	'		'
Revenues	'	'	'	'	'	'	'	1,700	[3]	'
Operating income (loss)	'	'	'	'	'	'	'	230	[1],[3]	'
Net income (loss)	'	'	'	'	'	'	'	-159	[3]	'
Income (loss) allocable to other venture partners	'	'	'	'	'	'	'	-16	[2],[3]	'
Income (loss) allocable to the Company	'	'	'	'	'	'	'	-143	[2],[3]	'
Amortization of capitalized acquisition costs	'	'	'	'	'	'	'	-8	[3]	'
Equity (loss) in earnings of unconsolidated entities	'	'	'	'	'	'	'	-151	[3]	'
Distributions declared to the Company	'	'	'	'	'	'	'	870	[3]	'
Distributions received by the Company	'	'	'	'	'	'	'	699	[3]	'
CHTSunIV	'	'	'	'	'	'	'	'		'
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'	'	'	'		'
Revenues	'	'	'	'	'	'	'	24,107	[4]	23,913	[3]
Operating income (loss)	'	'	'	'	'	'	'	3,603	[1],[4]	1,872	[3]
Net income (loss)	'	'	'	'	'	'	'	-46	[4]	-703	[3]
Income (loss) allocable to other venture partners	'	'	'	'	'	'	'	-1,365	[2],[4]	-1,703	[2],[3]
Income (loss) allocable to the Company	'	'	'	'	'	'	'	1,319	[2],[4]	1,000	[2],[3]
Amortization of capitalized acquisition costs	'	'	'	'	'	'	'	-36	[4]	-36	[3]
Equity (loss) in earnings of unconsolidated entities	'	'	'	'	'	'	'	1,283	[4]	964	[3]
Distributions declared to the Company	'	'	'	'	'	'	'	2,990	[4]	3,075	[3]
Distributions received by the Company	'	'	'	'	'	'	'	4,458	[4]	1,607	[3]
Windsor Manor	'	'	'	'	'	'	'	'		'
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'	'	'	'		'
Revenues	'	'	'	'	'	'	'	7,391	[3]	1,594	[3]
Operating income (loss)	'	'	'	'	'	'	'	67	[1],[3]	-54	[1],[3]
Net income (loss)	'	'	'	'	'	'	'	-840	[3]	-288	[3]
Income (loss) allocable to other venture partners	'	'	'	'	'	'	'	-1,870	[2],[3]	-471	[2],[3]
Income (loss) allocable to the Company	'	'	'	'	'	'	'	1,030	[2],[3]	183	[2],[3]
Amortization of capitalized acquisition costs	'	'	'	'	'	'	'	-15	[3]	-4	[3]
Equity (loss) in earnings of unconsolidated entities	'	'	'	'	'	'	'	1,015	[3]	179	[3]
Distributions declared to the Company	'	'	'	'	'	'	'	666	[3]	49	[3]
Distributions received by the Company	'	'	'	'	'	'	'	$336	[3]	'

[1]	Includes approximately $0.4 million and $0.3 million of non-recurring acquisition expenses incurred by Montecito and Windsor Manor for the year ended December 31, 2013. Includes approximately $0.03 million of non- recurring acquisition expenses incurred by Windsor Manor for the year ended December 31, 2012.
[2]	Income (loss) is allocated between the Company and its joint venture partner using the HLBV method of accounting.
[3]	Represents operating results from the date of acquisition through the end of the periods presented.
[4]	In July 2013, the Company completed the sale of its joint venture membership interest in CHTSunIV.

Summarized_Operating_Data_of_U1

Summarized Operating Data of Unconsolidated Entities Income Statement (Parenthetical) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule of Equity Method Investments [Line Items]	'	'	'
Acquisition fees and expenses	$18,840	$6,585	$892
Montecito Joint Venture	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Acquisition fees and expenses	400	'	'
Windsor Manor	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Acquisition fees and expenses	$300	$30	'

Summarized_Operating_Data_of_U2

Summarized Operating Data of Unconsolidated Entities Balance Sheet (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]	'		'
Real estate investment properties, net	$848,791		$230,411
Other assets	6,445		3,985
Mortgage and other notes payable	438,107		193,151
Other liabilities	7,243		159
Partners' capital	17,500		61,300
Total Unconsolidated Entities	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Real estate investment properties, net	44,818		243,797
Intangible assets, net	3,209		1,629
Goodwill	'		7,597
Other assets	2,855		7,564
Mortgage and other notes payable	30,466		140,172
Other liabilities	1,798		14,754
Partners' capital	18,618		105,661
Carrying amount of investment	18,438	[1]	64,560	[2]
Montecito Joint Venture \| Total Unconsolidated Entities	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Real estate investment properties, net	17,271		'
Intangible assets, net	1,925		'
Other assets	800		'
Mortgage and other notes payable	12,958		'
Other liabilities	327		'
Partners' capital	6,711		'
Carrying amount of investment	6,526	[1]	'
Company's ownership percentage	90.00%		'
CHTSunIV \| Total Unconsolidated Entities	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Real estate investment properties, net	'		226,473
Intangible assets, net	'		564
Goodwill	'		7,597
Other assets	'		6,578
Mortgage and other notes payable	'		127,792
Other liabilities	'		14,084
Partners' capital	'		99,336
Carrying amount of investment	'		58,934	[2]
Company's ownership percentage	'		55.00%
Windsor Manor \| Total Unconsolidated Entities	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Real estate investment properties, net	27,547		17,324
Intangible assets, net	1,284		1,065
Other assets	2,055		986
Mortgage and other notes payable	17,508		12,380
Other liabilities	1,471		670
Partners' capital	11,907		6,325
Carrying amount of investment	$11,912	[1]	$5,626	[2]
Company's ownership percentage	75.00%		75.00%

[1]	As of December 31, 2013, the Company's share of partners' capital determined under HLBV pursuant to the terms of each entity's respective partnership agreement was approximately $17.5 million. The difference between the Company's carrying amount of the investment and the Company's share of partners' capital determined under HLBV was approximately $0.9 million.
[2]	As of December 31, 2012, the Company's share of partners' capital determined under HLBV pursuant to the terms of each entity's respective partnership agreement was approximately $61.3 million. The difference between the Company's carrying amount of the investment and the Company's share of partners' capital determined under HLBV was approximately $3.3 million.

Summarized_Operating_Data_of_U3

Summarized Operating Data of Unconsolidated Entities Balance Sheet (Parenthetical) (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]	'	'
Partners' capital	$17.50	$61.30
Carrying amount of investment over partner's capital account determined under HLBV	$0.90	$3.30

Contingent_Purchase_Price_Cons2

Contingent Purchase Price Consideration - Additional Information (Detail) (USD $)

3 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Oct. 31, 2013

Business Acquisition, Contingent Consideration [Line Items]

Contingent purchase consideration

$507,000

[1]

Operating income (loss)

-5,515,000

-5,307,000

-2,302,000

-866,000

-4,508,000

-192,000

-396,000

-1,739,000

-13,990,000

-6,043,000

-1,762,000

Present value of yield guaranty

2,664,000

[2]

2,664,000

[2]

Amount held in escrow

3,700,000

Fair value of Contingent consideration

4,488,000

Change in fair value

1,824,000

Capital Health Communities

Business Acquisition, Contingent Consideration [Line Items]

Contingent purchase consideration

7,000,000

Present value of yield guaranty

2,700,000

Proceeds from escrow

2,600,000

Amount held in escrow

7,000,000

Capital Health Communities | 2013

Business Acquisition, Contingent Consideration [Line Items]

Operating income (loss)

6,900,000

Capital Health Communities | 2014

Business Acquisition, Contingent Consideration [Line Items]

Operating income (loss)

7,000,000

Capital Health Communities | 2015

Business Acquisition, Contingent Consideration [Line Items]

Operating income (loss)

7,100,000

Medical Portfolio I

Business Acquisition, Contingent Consideration [Line Items]

Contingent purchase consideration

$500,000

Expandable lease space under earn-out agreement

10,000

[1]

Amount included in other liabilities on the accompanying consolidated balance sheet as of December 31, 2013.

[2]

Amount included in other assets on the accompanying consolidated balance sheet as of December 31, 2013 and 2012.

Fair_Value_of_Contingent_Purch

Fair Value of Contingent Purchase Price Consideration Related to Capital Health Communities (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'		'
Contingent consideration in connection with acquisition	$507	[1]	'
Change in fair value	-1,824		'
Ending balance	4,488		'
Business Acquisition Contingent Consideration	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'		'
Beginning balance	2,664		'
Contingent consideration in connection with acquisition	'		2,664
Change in fair value	1,824		'
Ending balance	$4,488		$2,664

[1]	Amount included in other liabilities on the accompanying consolidated balance sheet as of December 31, 2013.

Schedule_of_Indebtedness_Detai

Schedule of Indebtedness (Detail) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

In Thousands, unless otherwise specified

Variable Rate Debt

Fixed rate debt

Perennial Communities

Calvert MOBs

Medical Portfolio I Loan

Harbor Chase Community

Dogwood Community

Knoxville MOBs

Primrose I Communities

Pacific Northwest I Communities

Capital Health Communities

Primrose II Communities

LaPorte Cancer Center

CHTSunIV

Mortgage Loans

Variable Rate Debt

Mortgage Loans

Variable Rate Debt

Mortgage Loans

Variable Rate Debt

Construction Loans

Variable Rate Debt

Construction Loans

Variable Rate Debt

Mortgage Loans

Variable Rate Debt

Mortgage Loans

Fixed rate debt

Mortgage Loans

Fixed rate debt

Mortgage Loans

Fixed rate debt

Mortgage Loans

Bridge Loan

Variable Rate Debt

Fixed rate debt

Mortgage Loans

Fixed rate debt

Mezzanine Loan

Fixed rate debt

Mortgage Loans

Construction Loans

Mortgage Loans

Bridge Loan

Mortgage Loans

Mezzanine Loan

Debt Instrument [Line Items]

Interest accrues on loan in addition to LIBOR

4.25%

[1]

2.50%

[2]

2.65%

[2]

3.20%

2.50%

[1]

3.75%

Interest on Loan accrues - Fixed rate

4.11%

[3]

4.30%

4.25%

3.81%

4.25%

8.00%

Interest on Loan accrues - Fixed rate applicable final year

'2020

Payment Terms

'Monthly interest only payments through 2015; principal and interest payments thereafter based on a 30-year amortization schedule

[1]

'Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule

[2]

'Monthly principal and interest payments based on a 30-year amortization schedule

[2]

'Monthly interest only payments through 2015; principal and interest payments thereafter based on a 30-year amortization schedule

'Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule

[1]

'Monthly principal and interest payments based on a 30-year amortization schedule

[3]

'Monthly principal and interest payments based on a 30-year amortization schedule

'Monthly principal and interest payments based on a 25-year amortization schedule

'Monthly principal and interest payments based on a 30-year amortization schedule

'Monthly interest only payments based on LIBOR plus 3.75% per annum

'Monthly interest only payments

'Monthly interest only payments of 8.0% per annum

Principal and interest payments amortizable period

'30 years

[1]

'30 years

[2]

'30 years

[2]

'30 years

[1]

'30 years

[3]

'30 years

'25 years

'30 years

payments for interest only period

'18 months

[2]

'18 months

[1]

Maturity Date

31-May-16

[1]

30-Aug-18

[2]

5-Sep-16

[2]

1-Sep-17

1-Jan-18

10-Jul-18

[1]

1-Sep-22

[3]

5-Dec-18

1-Jan-20

1-Jun-20

14-Jun-28

Outstanding Principal Balance

$438,107

$193,151

$147,290

$49,687

$290,817

$143,464

$30,000

[1]

$26,274

[2]

$35,512

[2]

$13,130

$3,765

$38,609

[1]

$54,031

[3]

$54,964

[3]

$157,549

$47,481

$48,500

$49,687

$23,337

$8,419

$40,000

[1]

The Company entered into a two-year forward interest rate swap with a notional amount of $30 million; see Note 13, "Derivative Financial Instruments" for additional information.

[2]

The Company entered into a three-year forward interest rate swap with a notional amount of $26.1 million; see Note 13, "Derivative Financial Instruments" for additional information.

[3]

The Company entered into a three-year forward interest rate swap with a notional amount of $38.3 million; see Note 13, "Derivative Financial Instruments" for additional information.

Schedule_of_Indebtedness_Paren

Schedule of Indebtedness (Parenthetical) (Detail) (USD $)	12 Months Ended
Schedule of Indebtedness (Parenthetical) (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012
Debt Instrument [Line Items]	'		'
Loss on the early extinguishment of debt	($244,000)		($460,000)
Mortgage Loans \| Perennial Communities	'		'
Debt Instrument [Line Items]	'		'
Interest accrues on loan in addition to LIBOR	4.25%	[1]	'
Mortgage Loans \| Perennial Communities \| 2-year forward interest rate swap	'		'
Debt Instrument [Line Items]	'		'
Notional amount of derivative contract	30,000,000		'
Derivative contract, maturity period	'2 years		'
Mortgage Loans \| Calvert MOBs	'		'
Debt Instrument [Line Items]	'		'
Interest accrues on loan in addition to LIBOR	2.50%	[2]	'
Mortgage Loans \| Calvert MOBs \| 3-year forward interest rate swap	'		'
Debt Instrument [Line Items]	'		'
Notional amount of derivative contract	26,100,000		'
Derivative contract, maturity period	'3 years		'
Mortgage Loans \| Medical Portfolio I Loan	'		'
Debt Instrument [Line Items]	'		'
Interest accrues on loan in addition to LIBOR	2.65%	[2]	'
Mortgage Loans \| Medical Portfolio I Loan \| 2-year forward interest rate swap	'		'
Debt Instrument [Line Items]	'		'
Notional amount of derivative contract	30,000,000		'
Derivative contract, maturity period	'2 years		'
Mortgage Loans \| Knoxville MOBs	'		'
Debt Instrument [Line Items]	'		'
Interest accrues on loan in addition to LIBOR	2.50%	[1]	'
Mortgage Loans \| Knoxville MOBs \| 3-year forward interest rate swap	'		'
Debt Instrument [Line Items]	'		'
Notional amount of derivative contract	38,300,000		'
Derivative contract, maturity period	'3 years		'
Mezzanine Loan \| CHTSunIV	'		'
Debt Instrument [Line Items]	'		'
Loss on the early extinguishment of debt	200,000		'
Debt exit fee paid	$800,000		'
30-day LIBOR	'		'
Debt Instrument [Line Items]	'		'
Interest accrues on loan in addition to LIBOR	0.20%		0.20%
If prepaid prior to March 1, 2022 \| Minimum \| Mortgage Loans \| Primrose I Communities	'		'
Debt Instrument [Line Items]	'		'
Percentage of prepayment penalty on principal repaid	1.00%		'
If prepayment made between March 1, 2022, and May 31, 2022 \| Mortgage Loans \| Primrose I Communities	'		'
Debt Instrument [Line Items]	'		'
Percentage of prepayment penalty on principal repaid	1.00%		'
If prepaid within between June 1, 2022 and maturity \| Mortgage Loans \| Primrose I Communities	'		'
Debt Instrument [Line Items]	'		'
Percentage of prepayment penalty on principal repaid	0.00%		'

[1]	The Company entered into a two-year forward interest rate swap with a notional amount of $30 million; see Note 13, "Derivative Financial Instruments" for additional information.
[2]	The Company entered into a three-year forward interest rate swap with a notional amount of $26.1 million; see Note 13, "Derivative Financial Instruments" for additional information.

Indebtedness_Additional_Inform

Indebtedness - Additional Information (Detail) (USD $)

1 Months Ended

In Millions, unless otherwise specified

Aug. 31, 2013

Dec. 31, 2013

Aug. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Property

LIBOR Based Rate

Base Rate

Revolving Credit Facility

Mortgage Note Payable

Other notes

Minimum

Maximum

Minimum

Maximum

Extension

Debt Instrument [Line Items]

Principal amount of revolving line of credit

$120

$98.50

Credit facility, maximum borrowing capacity

120

240

sub-facility forstand-by letters of credit

Sub facility for swing line advances for intermittent borrowings

Revolving line of credit maximum outstanding principal amount

325

Term of revolving credit facility

'3 years

Number of extension options available

Revolving line of credit extension period

'12 months

Percentage of extension fee to outstanding principal amount

0.25%

LIBOR rate

2.25%

3.25%

Base rate based on loan to value

1.25%

2.25%

Collateralized properties

Collateral properties, amount

159.5

Description of covenants

'The Companybs Revolving Credit Facility contains affirmative, negative, and financial covenants which are customary for loans of this type, including without limitation: (i) limitations on incurrence of additional indebtedness; (ii) restrictions on payments of cash distributions except if required by REIT requirements; (iii) minimum occupancy levels for collateralized properties; (iv) minimum loan-to-value and debt service coverage ratios with respect to collateralized properties; (v) maximum leverage, secured recourse debt, and unimproved land/development property ratios; (vi) minimum fixed charge coverage ratio and minimum consolidated net worth, unencumbered liquidity, and equity raise requirements; (vii) limitations on certain types of investments and additional indebtedness; and (viii) minimum liquidity. The limitations on distributions includes a limitation on the extent of allowable distributions, which are not to exceed the greater of 95% of adjusted FFO (as defined per the loan agreement) and the minimum amount of distributions required to maintain the Companybs REIT status.

Fair value of notes payable

98.5

431.4

193.2

Carrying value of notes payable

$98.50

$438.10

$193.20

Schedule_of_Future_Principal_P

Schedule of Future Principal Payments and Maturity (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Debt Instrument [Line Items]	'
2014	$7,169
2015	9,704
2016	171,152
2017	22,046
2018	208,231
Thereafter	118,305
Future principal payments and maturity	$536,607

Related_Party_Arrangements_Add

Related Party Arrangements - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Aug. 31, 2013	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
	Aug. 31, 2013	Dec. 31, 2013	RenewalOptions	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Related Party Transaction [Line Items]	'	'	'	'		'		'
Selling commissions	'	'	'	7.00%		'		15.00%
Marketing support fees	'	'	'	3.00%		'		'
Investment service fee as percentage of purchase price of properties	'	'	'	1.85%		'		'
Monthly asset management fee as Percentage of real estate value	'	'	'	0.08%		'		'
Financing coordination fee as percentage of gross amount of refinancing	'	'	'	1.00%		'		'
Advisor disposition fee as percentage of competitive real estate commission	'	'	'	50.00%		'		'
Advisor disposition fee as percentage of sales price of property	'	'	'	1.00%		'		'
Advisor disposition fee as percentage of sales price of asset	'	'	'	1.00%		'		'
Annualized return of investment	'	'	'	6.00%		'		'
Oversight fee as percentage of gross revenues from property managed	'	1.00%	'	1.00%		'		'
Construction management fee as percentage of hard and soft costs	'	'	'	5.00%		'		'
Initial purchase price of property percentage	'	'	'	10.00%		'		'
Property management fees	'	$1,000,000	'	$1,000,000		'		'
Asset management fees	'	'	'	3,614,000		1,369,000		'
Expense under Support Agreement	'	'	'	1,400,000		'		'
Additional restricted stock issued	'	90,000	'	'		'		'
Dividends received by advisor in cash	'	'	'	6,579,000		1,459,000		28,000
Stock distribution, shares	'	'	'	1,100,000		200,000		4,000
Investment services fees	'	'	'	12,892,000	[1]	7,673,000	[1]	0
Operating expenses reimbursement as percentage average invested assets	'	'	'	2.00%		'		'
Operating expenses reimbursement as percentage of net income	'	'	'	25.00%		'		'
Organizational and other offering costs	'	'	'	0		'		'
Additional five-year renewal options	'	'	4	'		'		'
Number of years under each renewal option	'	'	'5 years	'		'		'
Construction loan commitments	'	3,700,000	'	3,700,000		'		'
Purchase price of land	3,000,000	'	'	1,800,000		'		'
Total construction loan	'	'	6,200,000	'		'		'
Development cost	'	'	'	1,900,000		'		'
Maximum exposure to loss VIEs limits	'	33,800,000	'	33,800,000		'		'
Note receivable from related party	'	3,949,000	'	3,949,000		'		'
Restricted cash	'	2,839,000	'	2,839,000		610,000		'
Bank Deposits	'	200,000	'	200,000		100,000		'
Single Tenant Properties	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Property management fees as percentage of annual gross rental revenue	'	'	'	2.00%		'		'
Multi Tenant Properties	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Property management fees as percentage of annual gross rental revenue	'	'	'	4.00%		'		'
Deferred Amount	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Asset management fees	'	'	'	1,400,000		'		'
CNL Capital Markets Corp	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Investment services fees	'	'	'	300,000		100,000		20,000
Co-venture partners	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Payment to co-venture partner	'	'	'	100,000		100,000		'
Restricted Stock	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Shares Based Payments to Non-Employees	'	'	'	50,000		'		'
Fair Value	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Note receivable from related party	'	3,949,000	'	3,949,000		'		'
Advisor \| Restricted Stock	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Dividends received by advisor in cash	'	'	'	4,700		'		'
Stock distribution, shares	'	'	'	356		'		'
ADC Loan	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Maximum exposure to loss VIEs limits	'	3,900,000	'	3,900,000		'		'
ADC Loan \| Interest Reserve	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Restricted cash	'	$200,000	'	$200,000		'		'
Maximum	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Organizational and other offering costs incurred by advisor become liability if percentage exceeds gross proceeds of offering	'	15.00%	'	15.00%		'		'
Minimum	'	'	'	'		'		'
Related Party Transaction [Line Items]	'	'	'	'		'		'
Initial term of triple net lease agreements	'	'	'10 years	'		'		'

[1]	For the year ended December 31, 2013, the Company incurred approximately $12.9 million in investment service fees of which approximately $0.5 million and $0.1 million, respectively, were capitalized and included in investments in unconsolidated entities and real estate under development. For the year ended December 31, 2012, the Company incurred approximately $7.7 million in investment services fees of which approximately $2.9 million and $0.6 million, respectively, were capitalized and included in investments in unconsolidated entities and properties held for development. There were no amounts incurred for the year ended December 31, 2011. Investment service fees are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.

Fees_in_Connection_with_Offeri

Fees in Connection with Offering (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Related Party Transaction [Line Items]	'	'	'
Selling commissions	$10,262	$7,070	$916
Marketing support fees	11,310	4,957	392
Total offering expenses	$21,572	$12,027	$1,308

Schedule_of_Fees_and_Reimbursa

Schedule of Fees and Reimbursable Expenses (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Related Party Transaction [Line Items]	'		'		'
Offering costs	$4,373	[1]	$6,867	[1]	$664	[1]
Operating expenses	2,576	[2]	1,506	[2]	1,761	[2]
Acquisition fees and expenses	18,840		6,585		892
Total reimbursable expenses	7,203		8,642		2,425
Investment services fees	12,892	[3]	7,673	[3]	0
Disposition fee	608	[4]	'		'
Financing coordination fee	'		552	[5]	'
Property management fees	2,642		404		'
Asset management fees	3,614		1,369		'
Total reimbursable expenses, net	27,036		18,699		2,425
Property Manager	'		'		'
Related Party Transaction [Line Items]	'		'		'
Acquisition fees and expenses	254		269		'
Reimbursable expenses	'		'		'
Related Party Transaction [Line Items]	'		'		'
Property management fees	1,244	[6]	452	[6]	'
Asset management fees	$5,089	[7]	$1,380	[7]	'

[1]	Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders' equity. Amounts include $0.1 million, $0 and $0.2 million of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2013, 2012 and 2011, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.
[2]	Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations. Amounts include $0.2 million, $0.1 million and $0 of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2013, 2012 and 2011, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.
[3]	For the year ended December 31, 2013, the Company incurred approximately $12.9 million in investment service fees of which approximately $0.5 million and $0.1 million, respectively, were capitalized and included in investments in unconsolidated entities and real estate under development. For the year ended December 31, 2012, the Company incurred approximately $7.7 million in investment services fees of which approximately $2.9 million and $0.6 million, respectively, were capitalized and included in investments in unconsolidated entities and properties held for development. There were no amounts incurred for the year ended December 31, 2011. Investment service fees are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
[4]	Amounts are recorded as a reduction to gain on sale of investment in unconsolidated entity in the accompanying consolidated statements of operations.
[5]	Amounts are recorded as loan costs in the accompanying consolidated balance sheet and amortized as interest expense and loan cost amortization in the accompanying consolidated statements of operations.
[6]	For the year ended December 31, 2013, the Company incurred approximately $1.2 million in property and construction management fees payable to the Property Manager of which approximately $0.3 million in construction management fees have been capitalized and included in real estate under development. For the year ended December 31, 2012, the Company incurred approximately $0.1 million in construction management fees which were capitalized and included in real estate under development. There were no amounts incurred for the year ended December 31, 2011.
[7]	For the year ended December 31, 2013, the Company incurred approximately $5.1 million in asset management fees and specified expenses, which are net of approximately $1.4 million in asset management fees that were forgone in accordance with the terms of the Advisor Expense Support Agreement and approximately $0.1 million that have been capitalized and included in real estate under development. For the year ended December 31, 2012, the company incurred $0.01 million in asset management fees which were capitalized and included in real estate under development. There were no amounts incurred for the year ended December 31, 2011.

Schedule_of_Fees_and_Reimbursa1

Schedule of Fees and Reimbursable Expenses (Parenthetical) (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Related Party Transaction [Line Items]	'		'		'
Reimbursable expenses	$7,203,000		$8,642,000		$2,425,000
Investment services fees	12,892,000	[1]	7,673,000	[1]	0
Asset management fees	3,614,000		1,369,000		'
Expense under Support Agreement	1,400,000		'		'
Reimbursable expenses	'		'		'
Related Party Transaction [Line Items]	'		'		'
Property management fees capitalized	1,200,000		100,000		0
Asset management fees	5,089,000	[2]	1,380,000	[2]	'
General and Administrative Expense	'		'		'
Related Party Transaction [Line Items]	'		'		'
Reimbursable expenses	200,000		100,000		0
Stock issuance and offering costs	'		'		'
Related Party Transaction [Line Items]	'		'		'
Reimbursable expenses	100,000		0		200,000
Investment service fees capitalized as part of investment	'		'		'
Related Party Transaction [Line Items]	'		'		'
Investment service fees capitalized	500,000		2,900,000		'
Construction management fees capitalized	300,000		'		'
Expense under Support Agreement	100,000		'		'
Asset management fees capitalized	'		10,000		0
Development	'		'		'
Related Party Transaction [Line Items]	'		'		'
Investment service fees capitalized	$100,000		$600,000		'

[1]	For the year ended December 31, 2013, the Company incurred approximately $12.9 million in investment service fees of which approximately $0.5 million and $0.1 million, respectively, were capitalized and included in investments in unconsolidated entities and real estate under development. For the year ended December 31, 2012, the Company incurred approximately $7.7 million in investment services fees of which approximately $2.9 million and $0.6 million, respectively, were capitalized and included in investments in unconsolidated entities and properties held for development. There were no amounts incurred for the year ended December 31, 2011. Investment service fees are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
[2]	For the year ended December 31, 2013, the Company incurred approximately $5.1 million in asset management fees and specified expenses, which are net of approximately $1.4 million in asset management fees that were forgone in accordance with the terms of the Advisor Expense Support Agreement and approximately $0.1 million that have been capitalized and included in real estate under development. For the year ended December 31, 2012, the company incurred $0.01 million in asset management fees which were capitalized and included in real estate under development. There were no amounts incurred for the year ended December 31, 2011.

Schedule_of_Amounts_Due_to_Rel

Schedule of Amounts Due to Related Parties (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Selling commissions	$71	$103
Marketing support fees	70	136
Due To Related Party Fees And Commissions, Total	141	239
Property management fees	1,000	'
Property management fees	1,000	'
Reimbursable offering costs	612	356
Reimbursable operating expenses	1,053	243
Asset management fees	894	'
Interest reserve account and other advances	286	'
Due To Related Party Reimbursable Costs Current And Noncurrent, Total	2,845	599
Due to related parties	3,308	1,290
Property Manager	'	'
Related Party Transaction [Line Items]	'	'
Property management fees	322	452
Property management fees	$322	$452

Funding_on_ADC_Loan_as_Note_Re

Funding on ADC Loan as Note Receivable from Related Parties (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Related Party Transaction [Line Items]	'
Note receivable from related party	$3,949
Loan origination costs, net	84
Accrued interest	124	[1]
Crosland Southeast (land development)	'
Related Party Transaction [Line Items]	'
Origination Date	27-Jun-13
Maturity Date	27-Jun-14	[2]
Interest Rate	16.00%	[3],[4]
Note receivable from related party	$3,741

[1]	Approximately $0.03 million of accrued interest represents monthly interest payments and approximately $0.1 million represents amounts that are due at maturity. Accrued interest is included in interest income on note receivable from related party in the accompanying statements of operations for the year ended December 31, 2013.
[2]	The initial term of the ADC Loan is one year with an extension option of up to six months.
[3]	The interest rate is comprised of an 8% component that is paid monthly and an 8% component that is paid upon maturity of the ADC Loan.
[4]	The interest rate is comprised of an 8% component that is paid monthly and an 8% component that is paid upon maturity of the ADC Loan. As of December 31, 2013, approximately $0.1 million of interest is due at maturity.

Funding_on_ADC_Loan_as_Note_Re1

Funding on ADC Loan as Note Receivable from Related Parties (Parenthetical) (Detail) (USD $)	Dec. 31, 2013
In Millions, unless otherwise specified	Dec. 31, 2013
Related Party Transaction [Line Items]	'
Accrued interest	$0.03
Interest payment due at maturity period	$0.10
Paid Monthly	'
Related Party Transaction [Line Items]	'
Interest Rate	8.00%
Paid upon Maturity	'
Related Party Transaction [Line Items]	'
Interest Rate	8.00%

Schedule_of_Future_Principal_M

Schedule of Future Principal Maturities (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Schedule Of Future Minimum Rental Payments For Operating Leases [Line Items]	'
2014	$3,949
2015	'
2016	'
2017	'
2018	'
Thereafter	'
Total	$3,949

Ground_and_Air_Rights_Leases_A

Ground and Air Rights Leases - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
Operating Leased Assets [Line Items]	'
Lease expense	$0.10
Minimum	'
Operating Leased Assets [Line Items]	'
Operating leases expiration Year	'2014
Maximum	'
Operating Leased Assets [Line Items]	'
Operating leases expiration Year	'2030
Ground and Air Rights Leases	'
Operating Leased Assets [Line Items]	'
Number of ground and air rights owned	6
Ground and Air Rights Leases \| Minimum	'
Operating Leased Assets [Line Items]	'
Operating leases expiration Year	'2053
Ground and Air Rights Leases \| Maximum	'
Operating Leased Assets [Line Items]	'
Operating leases expiration Year	'2082

Amounts_Related_to_Interest_Ra

Amounts Related to Interest Rate Swap Included in Unconsolidated Entities in Condensed Consolidated Balance Sheet (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Interest Rate Swap Agreement One	'
Derivative [Line Items]	'
Notional amount of derivative contract	$12,421	[1]
Strike	1.30%	[1],[2]
Credit Spread	2.60%	[1],[2]
Trade date	17-Jan-13	[1]
Maturity date	15-Jan-18	[1]
Fair value asset (liability)	83	[1]
Interest Rate Swap Agreement Two	'
Derivative [Line Items]	'
Notional amount of derivative contract	38,255	[3]
Strike	2.70%	[2],[3]
Credit Spread	2.50%	[2],[3]
Trade date	6-Sep-13	[3]
Maturity date	10-Jul-18	[3]
Fair value asset (liability)	-590	[3]
Interest Rate Swap Agreement Three	'
Derivative [Line Items]	'
Notional amount of derivative contract	26,067	[3]
Strike	2.80%	[2],[3]
Credit Spread	2.50%	[2],[3]
Trade date	6-Sep-13	[3]
Maturity date	29-Aug-18	[3]
Fair value asset (liability)	-435	[3]
Interest Rate Swap Agreement Four	'
Derivative [Line Items]	'
Notional amount of derivative contract	29,952	[3]
Strike	0.90%	[2],[3]
Credit Spread	2.70%	[2],[3]
Trade date	13-Nov-13	[3]
Maturity date	31-May-16	[3]
Fair value asset (liability)	-10	[3]
Interest Rate Swap Agreement Five	'
Derivative [Line Items]	'
Notional amount of derivative contract	30,000	[3]
Strike	1.10%	[2],[3]
Credit Spread	4.30%	[2],[3]
Trade date	22-Oct-13	[3]
Maturity date	19-Aug-16	[3]
Fair value asset (liability)	($8)	[3]

[1]	Amounts related to the swap held by the Montecito Joint Venture for which the proportion of fair value relative to the Company's ownership percentage are included in investments in unconsolidated entities in the accompanying consolidated balance sheet as of December 31, 2013.
[2]	The all-in rates for each swap are equal to the sum of the Strike and Credit Spread detailed above.
[3]	Amounts are included in other liabilities in the accompanying consolidated balance sheet as of December 31, 2013.

Summary_of_Gross_and_Net_Amoun

Summary of Gross and Net Amounts of Interest Rate Swap Presented in Condensed Consolidated Balance Sheet (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Interest Rate Swap Agreement One	'
Derivative [Line Items]	'
Notional amount of derivative contract	$12,421	[1]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	83	[1]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Offset amount	'	[1]
Fair value asset (liability)	83	[1]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	83	[1]
Gross Amounts in Accompanying Condensed Consolidated Balance Sheet, Cash Collateral	'	[1]
Fair value asset (liability)	83	[1]
Interest Rate Swap Agreement Two	'
Derivative [Line Items]	'
Notional amount of derivative contract	38,255	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	-590	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Offset amount	'	[2]
Fair value asset (liability)	-590	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	-590	[2]
Gross Amounts in Accompanying Condensed Consolidated Balance Sheet, Cash Collateral	'	[2]
Fair value asset (liability)	-590	[2]
Interest Rate Swap Agreement Three	'
Derivative [Line Items]	'
Notional amount of derivative contract	26,067	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	-435	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Offset amount	'	[2]
Fair value asset (liability)	-435	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	-435	[2]
Gross Amounts in Accompanying Condensed Consolidated Balance Sheet, Cash Collateral	'	[2]
Fair value asset (liability)	-435	[2]
Interest Rate Swap Agreement Four	'
Derivative [Line Items]	'
Notional amount of derivative contract	29,952	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	-10	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Offset amount	'	[2]
Fair value asset (liability)	-10	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	-10	[2]
Gross Amounts in Accompanying Condensed Consolidated Balance Sheet, Cash Collateral	'	[2]
Fair value asset (liability)	-10	[2]
Interest Rate Swap Agreement Five	'
Derivative [Line Items]	'
Notional amount of derivative contract	30,000	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	-8	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Offset amount	'	[2]
Fair value asset (liability)	-8	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount	-8	[2]
Gross Amounts in Accompanying Condensed Consolidated Balance Sheet, Cash Collateral	'	[2]
Fair value asset (liability)	($8)	[2]

[1]	Amounts related to the swap held by the Montecito Joint Venture for which the proportion of fair value relative to the Company's ownership percentage are included in investments in unconsolidated entities in the accompanying consolidated balance sheet as of December 31, 2013.
[2]	Amounts are included in other liabilities in the accompanying consolidated balance sheet as of December 31, 2013.

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jul. 29, 2011

Dec. 31, 2013

Dec. 06, 2013

Jul. 29, 2011

Dec. 06, 2013

Jul. 31, 2011

Jul. 29, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

IPO

Cash Dividends

Stock Dividends

Reinvestment Plan

Stockholders Equity [Line Items]

Aggregate offering proceeds received from public offering

$568,900,000

$9,400,000

Remaining common stock available for sale and under Reinvestment plan

57,000,000

1,000,000

Shares issued, shares

58,308,000

18,448,000

22,222

Shares issued, value

582,000

184,000

200,000

Selling commissions

7.00%

15.00%

Stock issuance and other offering cost

42,000,000

23,400,000

2,000,000

Monthly cash distribution, per share

$0.03

Total annualized distribution rate

7.00%

4.00%

3.00%

Stock distribution, shares

1,100,000

200,000

4,000

0.0025

Common stock offering price

$10

Cash distribution declared

14,170,000

3,197,000

56,000

7,600,000

1,700,000

30,000

Cash paid to stockholders

6,600,000

1,500,000

30,000

Percentage of taxable cash distribution

63.80%

0.00%

1.90%

Percentage of cash distribution considered as return of capital

36.20%

100.00%

98.10%

Amounts distributed to stockholders

Redemption of common stock, shares

-89,410

-1,049

Redemption of common stock, per share

$9.25

$9.99

Redemption of shares paid

700,000

10,000

Redemption of shares payable

$121,000

Effect_of_Derivative_Financial

Effect of Derivative Financial Instruments (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Gain (loss) reclassified from AOCI into earnings (Effective Portion)	'	'
Derivative instruments, loss recognized in other comprehensive income, effective portion	959	'
Interest Rate Swap	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Gain (loss) reclassified from AOCI into earnings (Effective Portion)	'	'
Derivative instruments, loss recognized in other comprehensive income, effective portion	1,042	'
Interest Rate Swaps Held by Unconsolidated Joint Ventures	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Gain (loss) reclassified from AOCI into earnings (Effective Portion)	'	'
Derivative instruments, loss recognized in other comprehensive income, effective portion	$83	'

Components_of_Income_Tax_Benef

Components of Income Tax Benefit (Expense) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current:	'	'
Federal	$13	($13)
State	'	-1
Total current benefit (expense)	13	-14
Deferred:	'	'
Federal	-25	25
State	-6	6
Total deferred benefit (expense)	-31	31
Income tax benefit (expense)	($18)	$17

Significant_Components_of_Defe

Significant Components of Deferred Tax Assets (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Schedule of Deferred Tax Assets and Liabilities [Line Items]	'	'
Net operating losses	$284	'
Prepaid rent	313	31
Valuation allowance	-597	'
Net deferred tax assets	'	$31

Reconciliation_of_Income_Taxes

Reconciliation of Income Taxes (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reconciliation Of Income Taxes [Line Items]	'	'	'
Tax expense computed at federal statutory rate	($6,329)	($3,758)	'
Benefit of REIT election	6,344	3,746	'
State income tax benefit (expense), net	3	-5	'
Income tax (benefit) expense	$18	($17)	'
Tax expense computed at federal statutory rate	-35.00%	-35.00%	0.00%
Benefit of REIT election	35.08%	34.89%	0.00%
State income tax benefit (expense), net	0.02%	-0.05%	0.00%
Income tax (benefit) expense	0.10%	-0.16%	0.00%

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
Income Tax [Line Items]	'
Net operating loss carry-forwards for federal and state	$0.30
Net Operating loss carry-forwards, expiration year	'2033

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	Oct. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
In Millions, unless otherwise specified	Community	Senior Housing Communities	Harbor Chase Community	Related Party
Commitments and Contingencies [Line Items]	'	'	'	'
Commitment to fund remaining development and other costs	'	$19.10	$1.50	$2.40
Number of senior housing communities acquired	8	'	'	'
Escrow deposit	$3.70	'	'	'

Tenants_that_Individually_Acco

Tenants that Individually Accounted for 10% or More of Total Revenues or Assets (Detail)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Total Revenue	'		'
Concentration Risk [Line Items]	'		'
Concentration risk, percentage	26.50%	[1]	93.80%	[1]
Total Assets	'		'
Concentration Risk [Line Items]	'		'
Concentration risk, percentage	15.30%	[2]	46.90%	[2]

[1]	Includes contractual rental income from operating leases, capital reserve income, straight-line rent adjustments and amortization of lease intangibles.
[2]	Represents net book value of real estate assets and lease intangibles associated with the property leased by the respective tenant as of the end of the period presented as a percentage of total assets.

Quarterly_Financial_Data_Detai

Quarterly Financial Data (Detail) (USD $)	3 Months Ended																12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Dec. 31, 2012		Sep. 30, 2012		Jun. 30, 2012		Mar. 31, 2012		Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Quarterly Financial Information [Line Items]	'		'		'		'		'		'		'		'		'		'		'
Total revenues	$21,422		$14,772		$8,609		$7,802		$2,599		$1,923		$1,922		$941		$52,605		$7,385		'
Operating income (loss)	-5,515		-5,307		-2,302		-866		-4,508		-192		-396		-1,739		-13,990		-6,043		-1,762
Equity in earnings (loss) of unconsolidated entities	402		285		1,182		278		1,610		307		-774		'		2,147		1,143		'
Net loss	($9,156)		($2,305)		($2,830)		($3,809)		($4,894)		($2,287)		($1,126)		($2,413)		($18,100)		($10,720)		($1,760)
Weighted average number of shares of common stock outstanding (basic and diluted)	53,984	[1]	43,286	[1]	31,957	[1]	23,760	[1]	16,973	[1]	12,107	[1]	8,028	[1]	4,247	[1]	38,353	[1]	10,355	[1]	2,606
Net loss per share of common stock (basic and diluted)	($0.17)		($0.05)		($0.09)		($0.16)		($0.29)		($0.19)		($0.14)		($0.57)		($0.47)		($1.04)		($0.68)

[1]	For purposes of determining the weighted average number of shares of common stock outstanding, stock distributions issued are treated as if they were outstanding as of the beginning of all periods presented.

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)

12 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

0 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Oct. 31, 2013

Mar. 03, 2014

Mar. 31, 2014

Feb. 28, 2014

Jan. 31, 2014

Mar. 13, 2014

Mar. 03, 2014

Feb. 03, 2014

Mar. 03, 2014

Community

Subsequent Event

Pacific Northwest II Communities

Community

Mortgage Loans

Subsequent Event [Line Items]

Number of senior housing communities acquired

Purchase Price

$655,924,000

$242,200,000

$103,249,000

$103,200,000

Property management, initial agreement term

'10 years

Loan obtained

63,100,000

Principal and interest payments amortizable period

'5 years

Acquisition fees and expenses

18,840,000

6,585,000

892,000

1,900,000

Monthly cash distribution, per share

$0.03

Stock distribution, shares

1,100,000

200,000

4,000

0.0025

Cash distribution paid

6,200,000

Stock distributed

500,000

Additional subscription received

70,600,000

Additional subscription proceeds received, shares

7,000,000

Stock issued under pursuant distribution reinvestment, value

3,300,000

Stock issued under pursuant distribution reinvestment, shares

300,000

Revolving credit facility, maximum borrowing capacity

$120,000,000

$240,000,000

Acquisitions_of_Senior_Housing

Acquisitions of Senior Housing Communities (Detail) (USD $)	12 Months Ended		0 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Mar. 03, 2014	Feb. 03, 2014	Feb. 03, 2014	Feb. 03, 2014	Feb. 03, 2014	Mar. 03, 2014
			Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event
				Prestige Senior Living Auburn Meadows	Prestige Senior Living Bridgewood	Prestige Senior Living Monticello Park	Prestige Senior Living Rosemont	Prestige Senior Living West Hills
				Unit	Unit	Unit	Unit	Unit
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'
Location	'	'	'	'Auburn, WA	'Vancouver, WA	'Longview, WA	'Yelm, WA	'Corvallis, OR
Date Acquired	'	'	'	3-Feb-14	3-Feb-14	3-Feb-14	3-Feb-14	3-Mar-14
Capacity	'	'	'	102	124	144	87	66
Purchase Price	$655,924	$242,200	$103,249	$21,930	$22,096	$27,360	$16,877	$14,986

Preliminary_Allocation_of_Purc

Preliminary Allocation of Purchase Price for Properties and Estimated Fair Values of Assets Acquired (Detail) (USD $)	Dec. 31, 2013		Aug. 31, 2013	Dec. 31, 2012		Mar. 03, 2014
In Thousands, unless otherwise specified	Dec. 31, 2013		Aug. 31, 2013	Dec. 31, 2012		Subsequent Event
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]	'		'	'		'
Land and land improvements	$39,834		$1,100	$16,162		$7,631
Buildings and building improvements	555,342		'	211,322		85,656
Furniture, fixtures and equipment	13,718		'	4,887		2,905
In-place lease intangibles	50,333	[1]	'	7,165	[1]	7,057	[2]
Total assets acquired	$655,924		'	$242,200		$103,249

[1]	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 4.6 years and 7.4 years, respectively.
[2]	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles is estimated at approximately 2.5 years.

Preliminary_Allocation_of_Purc1

Preliminary Allocation of Purchase Price for Properties and Estimated Fair Values of Assets Acquired (Parenthetical) (Detail)	12 Months Ended		0 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Mar. 03, 2014
	Dec. 31, 2013	Dec. 31, 2012	Subsequent Event
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]	'	'	'
Weighted-average amortization period on the acquired lease intangibles	'4 years 7 months 6 days	'7 years 4 months 24 days	'2 years 6 months

Recovered_Sheet1

Schedule II-Valuation and Qualifying Accounts (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Valuation and Qualifying Accounts Disclosure [Line Items]	'	'	'
Charged to Costs and Expenses	($597)	'	'
Charged to Other Accounts	'	'	'
Balance at End of Year	-597	'	'
Valuation Allowance of Deferred Tax Assets	'	'	'
Valuation and Qualifying Accounts Disclosure [Line Items]	'	'	'
Charged to Costs and Expenses	-597	'	'
Charged to Other Accounts	'	'	'
Balance at End of Year	($597)	'	'

Recovered_Sheet2

Schedule III-Real Estate And Accumulated Depreciation (Detail) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

In Thousands, unless otherwise specified

Primrose Retirement Community Casper, Wyoming

Primrose Retirement Community Of Grand Island

Primrose Retirement Community Mansfield, Ohio

Primrose Retirement Community Marion, Ohio

Sweetwater Retirement Community Billings Montana

HarborChase Community Lady Lake, Florida

Dogwood Forest of Acworth

Primrose Retirement Community Aberdeen, South Dakota

Primrose Retirement Community Council Bluffs, Iowa

Primrose Retirement Community Decatur, Illinois

Primrose Retirement Community Lima, Ohio

Primrose Retirement Community Zanesville, Ohio

Capital Health of Symphony Manor Baltimore, Maryland

Capital Health of Curry House Cadillac, Michigan

Capital Health of Fredericktowne Frederick, Maryland

Capital Health of Brookridge Heights Marquette, Michigan

Capital Health of Woodholme Gardens Pikesville, Maryland

Batesville Healthcare Center Batesville, Arkansas

Broadway Healthcare Center West Memphis, Arkansas

Jonesboro Healthcare Center Jonesboro, Arkansas

Magnolia Healthcare Center Magnolia, Arkansas

Mine Creek Healthcare Center Nashville, Arkansas

Searcy Healthcare Center Searcy, Arkansas

LaPorte Cancer Center Westville, Indiana

Jefferson Medical Commons Jefferson City, Tennessee

Physicians Plaza A at North Knoxville Medical Center Powell, Tennessee

Physicians Plaza B at North Knoxville Medical Center Powell, Tennessee

Physicians Regional Medical Center - Central Wing Annex Knoxville, Tennessee

HarborChase of Jasper Jasper, Alabama

Chestnut Commons Medical Office Building Elyria, Ohio

Doctor's Specialty Hospital Leawood, Kansas

Escondido Medical Arts Center Escondido, California

John C. Lincoln Medical Office Plaza I Phoenix, Arizona

John C. Lincoln Medical Office Plaza II Phoenix, Arizona

North Mountain Medical Plaza Phoenix, Arizona

Raider Ranch Lubbock, Texas

The Club at Raider Ranch Development Lubbock, Texas

Town Village Oklahoma City, Oklahoma

Calvert Medical Arts Center Prince Frederick, Maryland

Calvert Medical Office Building I, II, III Prince Frederick, Maryland

Calvert Medical Office Building I Prince Frederick, Maryland

Calvert Medical Office Building II Prince Frederick, Maryland

Calvert Medical Office Building III Prince Frederick, Maryland

Dunkirk Medical Center Dunkirk, Maryland

Pacific Northwest I Communities - Beaverton Hills Beaverton, Oregon

Pacific Northwest I Communities - High Desert Bend, Oregon

Pacific Northwest I Communities Billings, Montana

Pacific Northwest I Communities Boise, Idaho

Pacific Northwest I Communities - Huntington Terrace Gresham, Oregon

Pacific Northwest I Communities Idaho Falls, Idaho

Pacific Northwest I Communities - Arbor Place Medford, Oregon

Pacific Northwest I Communities - Orchard Heights Salem, Oregon

Pacific Northwest I Communities - Southern Hills Salem, Oregon

Pacific Northwest I Communities Sparks, Nevada

Pacific Northwest I Communities - Five Rivers Tillamook, Oregon

Pacific Northwest I Communities - Riverwood Tualatin, Oregon

Bay Medical Office Building Chula Vista, California

Coral Springs Medical Office Building I

Coral Springs Medical Office Building II

SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]

Encumbrances

$438,107

$12,490

[1]

$8,811

[1]

$11,988

[1]

$9,944

[1]

$10,799

[1]

$13,130

[1]

$3,765

[1]

$10,964

[1]

$12,373

[1]

$14,736

[1]

$7,619

[1]

$7,957

[1]

$8,010

[1]

$9,161

[1]

$3,300

$6,300

$8,100

$6,300

$1,800

$4,200

$8,419

$7,824

$12,209

$14,685

$3,890

$12,789

$4,485

$9,964

$2,843

$1,920

$3,510

$12,581

$10,686

$3,007

$9,686

$8,379

$20,634

$22,026

$10,729

$18,844

$8,625

$12,955

$7,873

$24,974

$8,116

$4,708

Initial Costs, Land & Land Improvements

62,873

1,910

[1]

719

[1]

650

[1]

889

[1]

1,578

[1]

2,165

[1]

1,750

[1]

311

[1]

1,144

[1]

513

[1]

944

[1]

1,184

[1]

2,319

[1]

995

[1]

808

[1]

595

[1]

1,603

[1]

397

438

527

421

136

648

433

151

262

303

355

2,010

926

1,863

233

139

297

1,992

3,000

1,020

351

1,387

835

4,067

1,663

1,236

2,006

355

545

653

3,986

1,298

1,028

2,462

2,614

Initial Costs, Buildings & Building Improvements

766,357

16,310

[1]

12,140

[1]

16,720

[1]

16,304

[1]

14,205

[1]

3,794

[1]

11,117

[1]

16,706

[1]

17,115

[1]

17,292

[1]

19,444

[1]

11,072

[1]

14,291

[1]

11,339

[1]

13,472

[1]

5,382

10,560

13,493

10,454

2,942

6,017

10,846

10,236

16,976

18,754

5,285

6,358

15,322

5,785

12,199

2,779

1,909

4,079

48,825

19,847

17,838

14,334

2,991

10,324

11,252

41,373

35,752

12,083

40,397

14,083

15,544

10,753

47,968

14,064

7,429

7,453

11,220

12,130

Costs Capitalized Subsequent to Acquisition, Land and Improvements

1,346

[1]

1,013

[1]

261

[1]

Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements

16,919

16,591

[1]

328

Costs Capitalized Subsequent to Acquisition, Construction in Process

12,398

12,318

[1]

Gross Amounts at which Carried at Close of period, Land & Land Improvements

64,219

[2]

1,910

[1],[2]

719

[1],[2]

650

[1],[2]

889

[1],[2]

1,595

[1],[2]

3,178

[1],[2]

2,011

[1],[2]

311

[1],[2]

1,144

[1],[2]

513

[1],[2]

944

[1],[2]

1,184

[1],[2]

2,319

[1],[2]

995

[1],[2]

808

[1],[2]

595

[1],[2]

1,603

[1],[2]

397

[2]

438

[2]

527

[2]

421

[2]

136

[2]

648

[2]

433

[2]

151

[2]

262

[2]

303

[2]

355

[2]

2,052

[2]

939

[2]

1,863

[2]

233

[2]

139

[2]

297

[2]

1,992

[2]

3,000

[2]

1,020

[2]

351

[2]

1,387

[2]

835

[2]

4,067

[2]

1,663

[2]

1,236

[2]

2,006

[2]

355

[2]

545

[2]

653

[2]

3,986

[2]

1,298

[2]

1,028

[2]

2,462

[2]

2,614

[2]

2,614

[2]

Gross Amounts at which Carried at Close of period, Building & Building Improvements

783,260

[2]

16,310

[1],[2]

12,140

[1],[2]

16,720

[1],[2]

16,304

[1],[2]

14,205

[1],[2]

16,591

[1],[2]

3,794

[1],[2]

11,117

[1],[2]

16,706

[1],[2]

17,115

[1],[2]

17,292

[1],[2]

19,444

[1],[2]

11,071

[1],[2]

14,291

[1],[2]

11,339

[1],[2]

13,472

[1],[2]

5,382

[2]

10,560

[2]

13,493

[2]

10,454

[2]

2,942

[2]

6,017

[2]

10,846

[2]

10,236

[2]

16,976

[2]

18,754

[2]

5,285

[2]

6,358

[2]

15,650

[2]

5,771

[2]

12,199

[2]

2,779

[2]

1,909

[2]

4,079

[2]

48,825

[2]

19,847

[2]

17,838

[2]

14,334

[2]

2,991

[2]

10,324

[2]

11,252

[2]

41,373

[2]

35,752

[2]

12,083

[2]

40,396

[2]

14,083

[2]

15,544

[2]

10,753

[2]

47,968

[2]

14,064

[2]

7,429

[2]

7,453

[2]

11,220

[2]

12,130

[2]

Gross Amounts at which Carried at Close of period, Construction in Process

12,398

[2]

12,318

[1],[2]

[2]

Total

859,877

[2]

235,945

18,220

[1],[2]

12,859

[1],[2]

17,370

[1],[2]

17,193

[1],[2]

15,800

[1],[2]

19,769

[1],[2]

14,329

[1],[2]

4,105

[1],[2]

12,261

[1],[2]

17,219

[1],[2]

18,059

[1],[2]

18,476

[1],[2]

21,763

[1],[2]

12,066

[1],[2]

15,099

[1],[2]

11,934

[1],[2]

15,075

[1],[2]

5,779

[2]

10,998

[2]

14,020

[2]

10,875

[2]

3,078

[2]

6,665

[2]

11,279

[2]

10,387

[2]

17,238

[2]

19,057

[2]

5,358

[2]

6,713

[2]

17,702

[2]

6,710

[2]

14,062

[2]

3,012

[2]

2,048

[2]

4,376

[2]

50,817

[2]

3,080

[2]

20,867

[2]

17,859

[2]

14,385

[2]

3,342

[2]

11,711

[2]

12,087

[2]

45,440

[2]

37,415

[2]

13,319

[2]

42,402

[2]

14,438

[2]

16,089

[2]

11,406

[2]

51,954

[2]

15,362

[2]

8,457

[2]

9,915

[2]

13,834

[2]

14,744

[2]

Accumulated Depreciation

($11,011)

($1,702)

($790)

[1]

($612)

[1]

($835)

[1]

($816)

[1]

($693)

[1]

($105)

[1]

($317)

[1]

($454)

[1]

($465)

[1]

($471)

[1]

($520)

[1]

($300)

[1]

($382)

[1]

($303)

[1]

($364)

[1]

($82)

($161)

($205)

($162)

($47)

($93)

($169)

($136)

($226)

($251)

($70)

($154)

($55)

($107)

($29)

($19)

($41)

($428)

($172)

($145)

($124)

($41)

($23)

($26)

($98)

($80)

($28)

($92)

($31)

($34)

($24)

($110)

($33)

($18)

Date of construction

'2004

[1]

'2005

[1]

'2007

[1]

'2006

[1]

'2006

[1]

'2013

[1]

'2005

[1]

'2008

[1]

'2009

[1]

'2006

[1]

'2008

[1]

'2011

[1]

'1996

[1]

'2000

[1]

'1998

[1]

'2010

[1]

'1975

'1994

'2012

'2009

'1978

'1973

'2010

'2001

'2005

'2008

'2004

'1998

'2008

'2001

'1994

'1980

'1984

'1994

'2009

'2004

'2009

'1991

'1999

'2000

'1997

'2000

'2003

'2009

'2007

'2000

'2009

'2003

'2002

'2001

'2009

'2002

'1999

'1985

'2005

'2008

Date Acquired

16-Feb-12

[1]

16-Feb-12

[1]

16-Feb-12

[1]

16-Feb-12

[1]

16-Feb-12

[1]

29-Aug-12

[1]

18-Dec-12

[1],[3]

19-Dec-12

[1]

19-Dec-12

[1]

19-Dec-12

[1]

19-Dec-12

[1]

19-Dec-12

[1]

21-Dec-12

[1]

21-Dec-12

[1]

21-Dec-12

[1]

21-Dec-12

[1]

21-Dec-12

[1]

31-May-13

14-Jun-13

10-Jul-13

31-Jul-13

16-Aug-13

29-Aug-13

[3]

29-Aug-13

30-Aug-13

2-Dec-13

23-Dec-13

[1]

Buildings and building improvements are depreciated over 39 and 15 years, respectively. Tenant improvements are depreciated over the terms of their respective leases.

[2]

The aggregate cost for federal income tax purposes is approximately $860.5 million.

[3]

Land and land improvements, initial cost, include the purchase price of land under development which is included as a component of construction in process in the consolidated balance sheets. As of December 31, 2013 these properties were under development; therefore, depreciation is not applicable.

Schedule_IIIReal_Estate_And_Ac1

Schedule III-Real Estate And Accumulated Depreciation Transactions in Real Estate and Accumulated Depreciation (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'		'
Real Estate gross carrying value, Beginning Balance	$235,945		'
Acquisitions	593,268		235,945
Improvements	30,664		'
Real Estate gross carrying value, Ending Balance	859,877	[1]	235,945
Real Estate accumulated depreciation, Beginning Balance	-1,702		'
Depreciation	-9,309		-1,702
Real Estate accumulated depreciation, Ending Balance	($11,011)		($1,702)

[1]	The aggregate cost for federal income tax purposes is approximately $860.5 million.

Schedule_IIIReal_Estate_And_Ac2

Schedule III-Real Estate And Accumulated Depreciation (Parenthetical) (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'
Aggregate cost for federal income tax purpose	860.5
Building	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'
Buildings and improvements useful life	'39 years
Building Improvements	'
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]	'
Buildings and improvements useful life	'15 years

Recovered_Sheet3

Schedule IV-Mortgage Loans On Real Estate (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
Mortgage Loans on Real Estate [Line Items]	'		'	'
Prior Liens	'		'	'
Face Amount	3,741		'	'
Carrying Amount	3,949	[1],[2]	'	'
Amount Subject to Delinquent Principal or Interest	'	[3]	'	'
New mortgage loans	3,741		'	'
Principal reduction	'		'	'
Accrued and deferred interest	124		'	'
Loan origination costs, net	84		'	'
Balance the end of year	3,949		'	'
Crosland Southeast (land development)	'		'	'
Mortgage Loans on Real Estate [Line Items]	'		'	'
Origination Date	27-Jun-13		'	'
Maturity Date	27-Jun-14	[4]	'	'
Interest Rate	16.00%	[5],[6]	'	'
Periodic Payment Terms	'Principal payable in full at maturity		'	'
Prior Liens	'		'	'
Face Amount	3,741		'	'
Carrying Amount	3,949		'	'
Amount Subject to Delinquent Principal or Interest	'		'	'

[1]	Land and land improvements, initial cost, include the purchase price of land under development which is included as a component of construction in process in the consolidated balance sheets. As of December 31, 2013 these properties were under development; therefore, depreciation is not applicable.
[2]	For Federal income tax purposes, the aggregate cost of investments in mortgages and other notes receivable on real estate is the carrying amount, as disclosed in the schedule.
[3]	No mortgages and other notes receivable are delinquent with respect to principal or interest.
[4]	The initial term of the ADC Loan is one year with an extension option of up to six months.
[5]	The interest rate is comprised of an 8% component that is paid monthly and an 8% component that is paid upon maturity of the ADC Loan.
[6]	The interest rate is comprised of an 8% component that is paid monthly and an 8% component that is paid upon maturity of the ADC Loan. As of December 31, 2013, approximately $0.1 million of interest is due at maturity.

Schedule_IVMortgage_Loans_On_R1

Schedule IV-Mortgage Loans On Real Estate (Parenthetical) (Detail) (USD $)	Dec. 31, 2013
In Millions, unless otherwise specified	Dec. 31, 2013
Mortgage Loans on Real Estate [Line Items]	'
Interest payment due at maturity period	$0.10
Paid Monthly	'
Mortgage Loans on Real Estate [Line Items]	'
Interest Rate	8.00%
Paid upon Maturity	'
Mortgage Loans on Real Estate [Line Items]	'
Interest Rate	8.00%