New Senior Investment (SNR) 10-K 26 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Feb. 19, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	New Senior Investment Group Inc.
Entity Central Index Key	1,610,114
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,140
Entity Common Stock, Shares Outstanding		82,114,218
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Real estate investments:
Land	$ 222,795	$ 138,799
Buildings, improvements and other	2,568,133	1,500,130
Accumulated depreciation	(129,788)	(56,988)
Net real estate property	2,661,140	1,581,941
Acquired lease and other intangible assets	308,917	178,615
Accumulated amortization	(166,714)	(79,021)
Net real estate intangibles	142,203	99,594
Net real estate investments	2,803,343	1,681,535
Cash and cash equivalents	116,881	226,377
Straight-line rent receivables	51,916	26,454
Receivables and other assets, net	45,319	31,793
Total Assets	3,017,459	1,966,159
Liabilities
Mortgage notes payable, net	2,151,317	1,223,224
Due to affiliates	9,644	6,882
Dividends payable	0	15,276
Accrued expenses and other liabilities	89,173	72,241
Total Liabilities	$ 2,250,134	$ 1,317,623
Commitments and contingencies
Equity
Preferred Stock $0.01 par value, 100,000,000 shares authorized and none outstanding as of both December 31, 2015 and 2014	$ 0	$ 0
Common stock $0.01 par value, 2,000,000,000 shares authorized, 85,447,551 and 66,415,415 shares issued and outstanding as of December 31, 2015 and 2014, respectively	854	664
Additional paid-in capital	928,654	672,587
Accumulated deficit	(162,183)	(24,715)
Total Equity	767,325	648,536
Total Liabilities and Equity	$ 3,017,459	$ 1,966,159

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	85,447,551	66,415,415
Common stock, shares outstanding (in shares)	85,447,551	66,415,415

CONSOLIDATED AND COMBINED STATE

CONSOLIDATED AND COMBINED STATEMENT OF OPERATIONSCONSOLIDATED AND COMBINED STATEMENT OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Resident fees and services	$ 277,324	$ 156,993	$ 83,218
Rental revenue	111,154	97,992	1,918
Total revenues	388,478	254,985	85,136
Expenses
Property operating expense	189,543	112,242	59,726
Depreciation and amortization	160,318	103,279	26,933
Interest expense	75,021	57,026	10,589
Acquisition, transaction, and integration expense	13,444	14,295	13,294
Management fee to affiliate	14,279	8,470	1,796
General and administrative expense	15,233	7,416	2,188
Loss on extinguishment of debt	5,091	0	0
Other expense (income)	1,629	(1,500)	0
Total expenses	474,558	301,228	114,526
Loss Before Income Taxes	(86,080)	(46,243)	(29,390)
Income tax (benefit) expense	(3,655)	160	656
Net Loss	$ (82,425)	$ (46,403)	$ (30,046)
Loss Per Share of Common Stock
Basic and diluted (in dollars per share)	$ (1.08)	$ (0.70)	$ (0.45)
Weighted Average Number of Shares of Common Stock Outstanding
Basic and diluted (in shares)	76,601,161	66,400,914	66,399,857
Dividends declared per share of common stock (in dollars per share)	$ 0.75	$ 0.23	$ 0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Accumulated Deficit [Member]	Additional Paid in Capital [Member]
Equity, Beginning Balance at Dec. 31, 2012	$ 69,704	$ 0	$ 0	$ 69,704
Equity, Beginning Balance ( in shares) at Dec. 31, 2012		0
Increase (Decrease) in Equity [Roll Forward]
Capital contributions	397,015			397,015
Capital distributions	(28,838)			(28,838)
Net loss	(30,046)		0	(30,046)
Equity, Ending Balance at Dec. 31, 2013	407,835	$ 0	0	407,835
Equity, Ending Balance ( in shares) at Dec. 31, 2013		0
Increase (Decrease) in Equity [Roll Forward]
Capital contributions	461,218			461,218
Capital distributions	(158,980)			(158,980)
Net loss	(36,964)		0	(36,964)
Effect of New Senior spin-off	0	$ 664		(664)
Effect of New Senior spin-off (in shares)		66,399,857
Equity, Ending Balance at Nov. 06, 2014	673,109	$ 664	0	672,445
Equity, Ending Balance ( in shares) at Nov. 06, 2014		66,399,857
Equity, Beginning Balance at Dec. 31, 2013	407,835	$ 0	0	407,835
Equity, Beginning Balance ( in shares) at Dec. 31, 2013		0
Increase (Decrease) in Equity [Roll Forward]
Net loss	(46,403)
Equity, Ending Balance at Dec. 31, 2014	$ 648,536	$ 664	(24,715)	672,587
Equity, Ending Balance ( in shares) at Dec. 31, 2014	66,415,415	66,415,415
Equity, Beginning Balance at Nov. 06, 2014	$ 673,109	$ 664	0	672,445
Equity, Beginning Balance ( in shares) at Nov. 06, 2014		66,399,857
Increase (Decrease) in Equity [Roll Forward]
Exercise of stock options	119			119
Exercised options (in shares)		14,188
Director's shares issued	23			23
Director's shares issued (in shares)		1,370
Dividends declared	(15,276)		(15,276)
Net loss	(9,439)		(9,439)	0
Equity, Ending Balance at Dec. 31, 2014	$ 648,536	$ 664	(24,715)	672,587
Equity, Ending Balance ( in shares) at Dec. 31, 2014	66,415,415	66,415,415
Increase (Decrease) in Equity [Roll Forward]
Exercise of stock options	$ 0
Exercised options (in shares)		30,046
Issuance of common stock, net (in shares)	20,114,090
Issuance of common stock, net	$ 266,513	$ 201		266,312
Repurchase of common stock (in shares)	(1,112,000)
Repurchase of common stock	$ (10,273)	(11)		(10,262)
Fair value of stock options issued	17			17
Dividends declared	(55,043)		(55,043)
Net loss	(82,425)		(82,425)	0
Equity, Ending Balance at Dec. 31, 2015	$ 767,325	$ 854	$ (162,183)	$ 928,654
Equity, Ending Balance ( in shares) at Dec. 31, 2015	85,447,551	85,447,551

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows From Operating Activities
Net loss	$ (82,425)	$ (46,403)	$ (30,046)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation of tangible assets and amortization of intangible assets	160,460	103,398	26,933
Amortization of deferred financing costs	9,320	8,331	896
Amortization of deferred community fees	(1,141)	(1,420)	(404)
Amortization of premium on mortgage notes payable	77	850	344
Non-cash straight-line rent	(25,462)	(25,932)	(522)
Change in fair value of contingent consideration	0	(1,500)	0
Loss on extinguishment of debt	5,091	0	0
Equity-based compensation	17	0	0
Provision for bad debt	2,105	922	314
Unrealized loss on interest rate caps	964	0	0
Changes in:
Receivables and other assets, net	(14,868)	(6,053)	(9,087)
Due to affiliates	2,762	989	4,011
Accrued expenses and other liabilities	12,602	13,429	50,093
Net cash provided by operating activities	69,502	46,611	42,532
Cash Flows From Investing Activities
Cash paid for acquisitions, net of deposits	(1,251,343)	(314,935)	(1,249,167)
Capital expenditures	(11,411)	(8,538)	(3,502)
Funds reserved for future capital expenditures	(3,169)	(3,530)	0
Deposits paid for real estate investments	(11,355)	(4,855)	(505)
Net cash used in investing activities	(1,277,278)	(331,858)	(1,253,174)
Cash Flows From Financing Activities
Proceeds from mortgage notes payable	1,248,252	195,144	904,509
Principal payments of mortgage notes payable	(15,599)	(13,736)	(746)
Repayments of mortgage notes payable	(304,484)	0	0
Payment of exit fee on extinguishment of debt	(1,499)	0	0
Payment of deferred financing costs	(13,065)	(2,557)	(40,625)
Payment of common stock dividend	(70,318)	0	0
Purchase of interest rate caps	(1,247)	0	0
Proceeds from issuance of common stock and exercise of options	276,569	142	0
Costs related to issuance of common stock	(10,056)	0	0
Repurchase of common stock	(10,273)	0	0
Contributions from Newcastle	0	461,218	397,015
Distributions to Newcastle	0	(158,980)	(28,838)
Net cash provided by financing activities	1,098,280	481,231	1,231,315
Net (Decrease) Increase in Cash and Cash Equivalents	(109,496)	195,984	20,673
Cash and Cash Equivalents, Beginning of Year	226,377	30,393	9,720
Cash and Cash Equivalents, End of Year	116,881	226,377	30,393
Supplemental Disclosure of Cash Flow Information
Cash paid during the year for interest expense	62,870	45,026	9,252
Cash paid during the year for income taxes	190	1,357	899
Supplemental Schedule of Non-Cash Investing and Financing Activities
Common stock dividend declared but not paid	0	15,276	0
Recognized contingent consideration at fair value	0	50	1,500
Issuance of common stock and exercise of options	316	23	0
Other liabilities assumed with acquisitions	651	0	0
Assumption of mortgage notes payable at fair value	0	0	43,128
Issuance of seller financing for acquisition at fair value	$ 0	$ 0	$ 9,407

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION New Senior Investment Group Inc. ("New Senior" or the "Company") is a Real Estate Investment Trust ("REIT") primarily focused on investing in private pay senior housing properties. The Company was formed as Newcastle Senior Living Holdings LLC, a Delaware limited liability company, in 2012 and converted to a Delaware corporation on May 30, 2014 and changed its name to New Senior Investment Group Inc. on June 16, 2014. On November 6, 2014, the spin-off of New Senior was completed with the distribution of all of the outstanding shares of New Senior to the holders of Newcastle Investment Corp. (“Newcastle”) common stock. As of December 31, 2015 , the Company owns a diversified portfolio of 154 primarily private pay senior housing properties located across 37 states. The Company is listed on the New York Stock Exchange (“NYSE”) under the symbol “SNR” and is headquartered in New York, New York. The Company operates in two reportable segments: (1) Managed Properties and (2) Triple Net Lease Properties. Managed Properties – The Company has engaged property managers to manage 96 of its properties on a day-to-day basis under the Managed Properties segment. These properties consist of 53 dedicated independent living facilities (“IL-only”) and 43 properties with a combination of assisted living/memory care (“AL/MC”) facilities. The Company’s Managed Properties are managed by Holiday Acquisition Holdings LLC (“Holiday”), a portfolio company that is majority owned by private equity funds managed by an affiliate of FIG LLC (the “Manager”), a subsidiary of Fortress Investment Group LLC (“Fortress”), FHC Property Management LLC (together with its subsidiaries, “Blue Harbor”), an affiliate of the Manager, Jerry Erwin Associates, Inc. (“JEA”) and Thrive Senior Living LLC ("Thrive"), collectively, the “Property Managers,” under property management agreements (the “Property Management Agreements”). Under the Property Management Agreements, the Property Managers are responsible for the day-to-day operations of the Company’s senior housing properties and are entitled to a management fee in accordance with the terms of the Property Management Agreements. Holiday’s property management agreements have initial five -year or ten -year terms, with successive, automatic one -year renewal periods and the Company pays property management fees of 5% to 7% of effective gross income. For the Company’s other property managers, the property management agreements have initial terms of five to ten years with successive, automatic one -year renewal periods. The Company pays property management fees of 3% to 7% of gross revenues and, for certain property management agreements, a property management fee based on a percentage of net operating income. Triple Net Lease Properties – The Company has also invested in 58 properties (substantially all of which are included in the “Holiday Portfolio” and the LCS Portfolio) subject to triple net lease arrangements under the Triple Net Lease Properties segment. These properties consist of 52 IL-only properties, five rental Continuing Care Retirement Communities (“CCRC”) properties and one AL/MC property. In a triple net lease arrangement, the Company purchases property and leases it back to the seller or to a third party, and the lessee agrees to operate and maintain the property at its own expense, including repairs, maintenance, capital expenditures, utilities, taxes, insurance and the payroll expense of property-level employees. The Company’s triple net lease agreements have initial terms of approximately 15 or 17 years and include renewal options and periodic rent increases ranging from 2.5% to 4.5% .

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying Consolidated Financial Statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP’’) with the instructions to Form 10-K and Article 10 of Regulation S-X. The Consolidated Financial Statements include the accounts of New Senior and its consolidated subsidiaries. All significant intercompany transactions and balances have been eliminated. New Senior consolidates those entities in which it has control over significant operating, financial and investing decisions of the entity. As of December 31, 2015 and 2014 , the Company did not have any investments in Variable Interest Entities (“VIEs”). VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Prior to November 7, 2014, the Company was not operated as a stand-alone business from Newcastle. Information in the Consolidated Financial Statements for periods prior to November 7, 2014 has been prepared on a stand-alone basis from the consolidated financial statements and accounting records of Newcastle and does not necessarily reflect what New Senior’s consolidated results of operations, financial position and cash flows would have been had New Senior operated as an independent company prior to the spin-off. Management believes the assumptions and methods of allocation used in the accompanying Consolidated Financial Statements are reasonable. The Consolidated Financial Statements reflect all revenues, expenses and cash flows directly attributable to the Company. Certain expenses of Newcastle, comprised primarily of a portion of its management fee, acquisition and transaction costs and general and administrative costs, have been allocated to New Senior to the extent they were directly associated with the Company for periods prior to the spin-off. The portion of the management fee allocated to New Senior prior to the spin-off represents the product of the management fee rate payable by Newcastle of 1.5% and New Senior’s gross equity, which management believes is a reasonable method for allocating the cost of the services provided by the employees of the Manager to the Company. New Senior and Newcastle have not shared any costs subsequent to the spin-off. See Note 11 for details related to management agreement terms. Certain prior period amounts have been reclassified to conform to the current period’s presentation. Use of Estimates Management is required to make estimates and assumptions when preparing financial statements in conformity with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the accompanying Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from management’s estimates. Revenue Recognition Resident Fees and Services - Resident fees and services include monthly rental revenue, care income and ancillary income recognized from the Managed Properties segment. Resident fees and services are recognized monthly as services are provided. Lease agreements with residents are cancelable by the resident with 30 days’ notice. Ancillary income primarily relates to non-refundable community fees. Non-refundable community fees are recognized on a straight-line basis over the average length of stay of residents, which management estimates to be approximately 24 months for AL/MC properties and approximately 33 months for IL-only properties. Rental Revenue - Rental revenue from the Triple Net Lease Properties segment is recognized on a straight-line basis over the applicable term of the lease when collectability is reasonably assured. Recognizing rental revenue on a straight-line basis typically results in recognizing revenue in excess of cash amounts contractually due from the Company’s tenants during the first half of the lease term, creating a straight-line rent receivable. As of December 31, 2015 and 2014 , straight-line rent receivables were $ 51,916 and $ 26,454 , respectively. Acquisition Accounting The Company has determined that all of its acquisitions should be accounted for under the acquisition method. The accounting for acquisitions requires the identification and measurement of all acquired tangible and intangible assets and assumed liabilities at their respective fair values, as of the respective transaction dates. The determination of the fair value of net assets acquired involves significant judgment and estimates, such as the Company's estimates of future cash flows based on a number of factors including property operating results, known and anticipated trends, as well as market and economic conditions. In measuring the fair value of tangible and identified intangible assets acquired and liabilities assumed, management uses information obtained as a result of pre-acquisition due diligence, marketing, leasing activities and independent appraisals. In the case of buildings, the fair value of the tangible assets acquired is determined by valuing the property as if it were vacant. Significant estimates impacting the measurement at fair value of the Company's real property include construction cost data and qualitative selection of comparable market transactions as well as the assessment of the relative quality and condition of the acquired properties. Recognized intangible assets primarily include the fair value of in-place resident leases. The Company estimates the fair value of in-place leases as (i) the present value of the estimated rental revenue that would have been forgone, offset by variable costs that would have otherwise been incurred during a reasonable lease-up period, as if the acquired units were vacant and (ii) the estimated absorption costs, such as additional marketing costs that would have been incurred during the lease-up period. The acquisition fair value of the in-place lease intangibles is amortized over the average length of stay of the residents on a straight-line basis. Contingent consideration, if any, is measured at fair value on the date of acquisition. The fair value of the contingent consideration is remeasured at each reporting date with any change recorded in "Other expense (income)" in the Consolidated Statements of Operations. Acquisition and transaction expense includes costs related to completed and potential acquisitions and transactions and include advisory, legal, accounting, valuation and other professional or consulting fees. Integration expense includes costs directly related to the integration of acquired businesses such as lender mandated repairs, licensing, rebranding and training incurred in connection with the acquisition. Real Estate Investments Real estate investments are recorded at cost less accumulated depreciation or accumulated amortization. Depreciation is calculated on a straight-line basis using estimated remaining useful lives not to exceed 40 years for buildings, 3 to 10 years for building improvements and 3 to 5 years for other fixed assets. Amortization is calculated on a straight-line basis using estimated useful lives of 24 to 33 months and 5 to 13 years for in-place lease intangibles and other intangibles, respectively. Above/below market lease intangibles are generally amortized over a period of 15 to 17 years except for ground lease intangibles which are amortized over a period of 74 to 82 years. Impairment of Long Lived Assets The Company periodically evaluates long-lived assets, including definite lived intangible assets, primarily consisting of the Company’s real estate investments, for impairment indicators. If indicators of impairment are present, the Company evaluates the carrying value of the related real estate investments in relation to the future undiscounted cash flows of the underlying operations. In performing this evaluation, market conditions and the Company’s current intentions with respect to holding or disposing of the asset are considered. If the sum of the expected future undiscounted cash flows is less than book value, the Company recognizes an impairment loss equal to the amount by which the asset’s carrying value exceeds its fair value. An impairment loss is recognized at the time any such determination is made. No impairment loss has been recognized by the Company since inception. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and all highly liquid short term investments with maturities of 90 days or less, when purchased. Deferred Financing Costs The Company amortizes deferred financing costs as a component of interest expense over the terms of the related borrowings using the effective interest rate method. Deferred financing costs are presented as a direct deduction from the carrying amount of the related debt liability. Collectability of Straight-line Rent Receivables, Receivables and Other Assets, Net Receivables and other assets, net consists primarily of escrows held by lenders and resident receivables, net of allowance and prepaid expenses. The Company assesses the collectability of rent receivables, including straight-line rent receivables, on an ongoing basis. This assessment is based on several qualitative and quantitative factors, including and as appropriate, resident and triple net lease payment history, the financial strength of the resident and of guarantors, the value of the underlying collateral or deposit, if any, and current economic conditions. If the evaluation of these factors indicates it is probable that the Company will not be able to recover the full value of the receivable, the Company provides a specific reserve against the portion of the receivable that the Company estimates may not be recovered. Deferred Revenue Deferred revenue primarily includes non-refundable community fees received by the Company when residents move in. Deferred revenue amounts are amortized into income on a straight-line basis over the average length of stay of the resident, and are included within "Accrued expenses and other liabilities" in the Consolidated Balance Sheets. Income Taxes New Senior is organized and conducts its operations to qualify as a REIT under the requirements of the Internal Revenue Code of 1986, as amended (“Code”). Requirements for qualification as a REIT include various restrictions on ownership of stock, requirements concerning distribution of taxable income and certain restrictions on the nature of assets and sources of income. A REIT must distribute at least 90% of its taxable income to its stockholders of which 85% plus any undistributed amounts from the prior year must be distributed within the taxable year in order to avoid the imposition of an excise tax. Distribution of the remaining balance may extend until timely filing of New Senior’s tax return in the subsequent taxable year. Qualifying distributions of taxable income are deductible by a REIT in computing taxable income. Certain activities are conducted through a taxable REIT subsidiary (“TRS”) and therefore are subject to federal and state income taxes. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases upon the change in tax status. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period of the enactment date. New Senior recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Consolidated Statements of Operations. As of December 31, 2015 and 2014 , the Company had no uncertain tax positions. The Company’s Consolidated Financial Statements have been prepared based upon the operations of the Company separate from those of Newcastle and include current and deferred income taxes calculated in accordance with the operations of the spin-off. Fair Value Measurement Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy, which is described below, prioritizes the inputs used by the Company in measuring fair value: • Level 1 - Quoted prices for identical instruments in active markets. • Level 2 - Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets. • Level 3 - Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. Derivative Instruments In the normal course of business, the Company may use derivative instruments to manage, or hedge, interest rate risk. The Company does not use derivative instruments for trading or speculative purposes. The Company recognizes all derivatives as either assets or liabilities at fair value and they are recorded in "Receivables and other assets, net" or "Accrued expenses and other liabilities," respectively, in the Consolidated Balance Sheets. The valuation of derivatives requires the Company to make estimates and judgments that affect the fair value of the instruments. The Company estimates the fair value of derivatives based on pricing models that consider level 2 inputs including forward yield curves, cap strike rates, cap volatility and discount rates. The Company does not apply hedge accounting and fair value adjustments, if any, are recorded in "Other expense (income)" in the Consolidated Statements of Operations. The Company has exposure to counterparty credit risk for its derivative transactions. Credit risk represents the potential for loss due to the default of a counterparty. The Company performs due diligence including reviewing the counterparty's credit quality prior to entering into derivative transactions. As of December 31, 2015 , the Company's outstanding derivatives were executed with investment grade counterparties. Stock Options Options granted to New Senior’s directors are measured at fair value at the grant date with the related expense recognized over the service term, if any. Equity Net loss incurred prior to the spin-off is included in additional paid-in capital instead of accumulated deficit since the accumulation of deficit began as of the date of spin-off from Newcastle. Expense Recognition Management Fee to Affiliate – During the period prior to the spin-off from Newcastle, this represents an amount of the management fee charged to Newcastle by the Manager and allocated to the Company. During the period after the spin-off, this represents amounts due to the Manager pursuant to the Management Agreement between the Manager and New Senior (as defined in Note 11). Advertising Costs – The Company expenses advertising costs as incurred. Advertising costs were $ 1,758 , $ 495 and $ 336 for the years ended December 31, 2015 , 2014 and 2013 , respectively, and are included in property operating expense in the Consolidated Statements of Operations. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") and the International Accounting Standards Board ("IASB") issued Accounting Standards Update ("ASU") 2014-09 Revenues from Contracts with Customers (Topic 606) . The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under today’s guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In August 2015, the FASB issued ASU 2015-14 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date which defers the effective date by one year. The effective date of this standard will be for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted beginning after December 15, 2016. Entities have the option of using either a full retrospective or a modified approach to adopt the guidance in the ASU. The Company is currently evaluating the new guidance to determine the impact it may have on its Consolidated Financial Statements. In February 2015, the FASB issued ASU 2015-02 which amends the consolidation guidance in ASC 810. The standard eliminates the deferral of FAS 167, per ASC 810-10-65-2(a), that has allowed certain investment funds to follow the previous consolidation guidance in FIN 46 (R). The standard changes whether (1) fees paid to a decision maker or service provider represent a variable interest, (2) a limited partnership or similar entity has the characteristics of a VIE and (3) a reporting entity is the primary beneficiary of a VIE. This ASU is effective in the first quarter of 2016 and adoption is not expected to have an impact on the Company's Consolidated Financial Statements. In April 2015, the FASB issued ASU 2015-03 Simplifying the Presentation of Debt Issuance Costs . The standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The effective date of the standard is for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 and early adoption is permitted. The Company early adopted the provisions of this ASU in the first quarter of 2015 and it requires retrospective application to all prior periods. Accordingly, "Mortgage notes payable, net" is reported net of deferred financing costs of $ 37,435 and $ 36,206 as of December 31, 2015 and 2014 , respectively, in the Consolidated Balance Sheets. In September 2015, the FASB issued ASU 2015-16 Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments . This standard eliminates the requirement for an acquirer in a business combination to account for measurement period adjustments retrospectively. Instead, acquirers must recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The effective date of the standard is for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, and early adoption is permitted. The Company does not expect adoption of this ASU to have a material impact on its Consolidated Financial Statements. In January 2016, the FASB issued ASU 2016-01 Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities . The standard addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company is currently evaluating the new guidance to determine the impact it may have on its Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02 Leases . This standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, and early adoption is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the new guidance to determine the impact it may have on its Consolidated Financial Statements. The FASB has recently issued or discussed a number of proposed standards on such topics as financial statement presentation, leases, financial instruments and hedging. Some of these proposed changes are significant and could have a material impact on New Senior's Consolidated Financial Statements. The Company has not yet fully evaluated the potential impact of all these proposals, but will make such an evaluation as the standards are finalized.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS During the year ended December 31, 2015 , the Company completed the acquisitions of six portfolios representing 54 senior housing properties for total consideration of $ 1,266,553 (which includes deposits of $ 10,355 and $ 4,855 paid in 2015 and 2014 , respectively), of which $ 915,815 was financed through debt issued in connection with the acquisitions, and the remainder was paid with cash on hand. These acquisitions include 53 properties ( 49 IL-only and 4 AL/MC) that were integrated into the Managed Properties segment, of which, Holiday, Thrive and Blue Harbor manage 47 , 4 and 2 , respectively. The remaining property is a rental CCRC and was integrated into the Triple Net Lease segment. During the year ended December 31, 2015 , the Company paid deposits of $ 1,000 for future acquisitions that had not closed as of December 31, 2015 . Resident fees and services, Rental revenue and Net loss were $ 95,375 , $ 4,185 and $ 28,205 , respectively, for the acquisitions made during the year ended December 31, 2015 . During the year ended December 31, 2014 , the Company completed the acquisitions of eight portfolios representing 16 senior housing properties. These acquisitions include ten properties ( nine AL/MC properties and one IL-only property) that were integrated into the Managed Properties segment. The remaining six properties ( four CCRC, one AL/MC and one IL-only), which represent the LCS portfolio, were integrated into the Triple Net Lease segment. The following table summarizes the acquisition date fair value of identifiable assets acquired and liabilities assumed in connection with the acquisitions completed in the years ended December 31, 2015 and 2014 , in accordance with the acquisition method of accounting: 2015 Acquisitions 2014 Acquisitions Managed Properties Triple Net Lease Total Managed Properties (C) Triple Net Lease Properties Total Real estate investments $ 1,073,826 $ 67,070 $ 1,140,896 $ 116,674 $ 143,869 $ 260,543 In-place lease intangibles 124,233 6,081 130,314 15,301 39,894 55,195 Above/below market lease intangibles — — — — 819 819 Liabilities, net of other assets (3,305 ) (1,352 ) (4,657 ) (70 ) (1,552 ) (1,622 ) Total consideration 1,194,754 71,799 1,266,553 131,905 183,030 314,935 Mortgage notes payable (A) 863,815 52,000 915,815 80,144 115,000 195,144 Net assets $ 330,939 $ 19,799 $ 350,738 $ 51,761 $ 68,030 $ 119,791 Total acquisition-related expenses (B) $ 4,616 $ 1,828 $ 6,444 $ 2,105 $ 993 $ 3,098 (A) Represents new debt issued in connection with the acquisitions. (B) Included in "Acquisition, transaction and integration expense" in the Consolidated Statements of Operations. (C) Includes $50 for the fair value of earn-out consideration. The earn-out is limited to $750 as per the agreement. The Company's acquisition accounting for transactions completed during the year ended December 31, 2015 is still preliminary, pending the completion of various analyses and the finalization of estimates used in the determination of fair values. During the measurement period, additional assets or liabilities may be recognized if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets or liabilities as of that date. The preliminary measurement of net assets acquired may be adjusted after obtaining additional information regarding, among other things, asset valuations (including market and other information with which to determine fair values), liabilities assumed, the analysis of assumed contracts. These adjustments may be significant. During the year ended December 31, 2015 , measurement period adjustments were made based on the valuation of assets acquired and liabilities assumed. The adjustments included a decrease of $ 192 in real estate investments, an increase of $ 523 for in-place lease intangibles and an increase of $ 331 in other liabilities. None of the measurement period adjustments had a material impact on the Company's previously reported results of operations. The following table illustrates the pro forma effect of the acquisitions completed during the years ended December 31, 2015 and 2014 on revenues and pre-tax net loss as if they had been consummated as of January 1, 2014: Year Ended December 31, 2015 2014 Revenues $ 463,755 $ 446,421 Pre-tax net loss $ 108,782 $ 104,913 The pro forma results are not necessarily indicative of the operating results that would have been obtained had the acquisitions occurred as of January 1, 2014, nor are they necessarily indicative of future operating results.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING As of December 31, 2015 , the Company operated in two reportable business segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company invests in senior housing properties throughout the United States and engages property managers to manage those senior housing properties. Under its Triple Net Lease Properties segment, the Company invests in senior housing and healthcare properties throughout the United States and leases those properties to healthcare operating companies under triple net leases that obligate the tenants to pay all property-related expenses, including repairs, maintenance, capital expenditures, utilities, taxes, insurance and the payroll expense of property-level employees. The Company evaluates performance of the combined properties in each reportable business segment based on segment net operating income (“NOI”). The Company defines NOI as total revenues less property-level operating expenses, which include property management fees and travel cost reimbursements to affiliates. The Company believes that net income, as defined by GAAP, is the most appropriate earnings measurement. However, the Company believes that segment NOI serves as a useful supplement to net income because it allows investors, analysts and management to measure unlevered property-level operating results and to compare the Company’s operating results between periods and to the operating results of other real estate companies on a consistent basis. Segment NOI should not be considered as an alternative to net income as determined in accordance with GAAP. Interest expense, depreciation and amortization, general and administrative expense, acquisition, transaction and integration expense, management fee to affiliate, income tax (benefit) expense, other expense (income) and discontinued operations (if any) are not allocated to individual segments for purposes of assessing segment performance. There are no intersegment sales or transfers. Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Triple Net Lease Properties Managed Properties Consolidated Triple Net Lease Properties Managed Properties Consolidated Triple Net Lease Properties Managed Properties Consolidated Revenues Resident fees and services $ — $ 277,324 $ 277,324 $ — $ 156,993 $ 156,993 $ — $ 83,218 $ 83,218 Rental revenue 111,154 — 111,154 97,992 — 97,992 1,918 — 1,918 Less: Property operating expense — 189,543 189,543 — 112,242 112,242 — 59,726 59,726 Segment NOI $ 111,154 $ 87,781 $ 198,935 $ 97,992 $ 44,751 $ 142,743 $ 1,918 $ 23,492 $ 25,410 Depreciation and amortization 160,318 103,279 26,933 Interest expense 75,021 57,026 10,589 Acquisition, transaction and integration expense 13,444 14,295 13,294 Management fee to affiliate 14,279 8,470 1,796 General and administrative expense 15,233 7,416 2,188 Loss on extinguishment of debt 5,091 — — Other expense (income) 1,629 (1,500 ) — Income tax (benefit) expense (3,655 ) 160 656 Net loss $ (82,425 ) $ (46,403 ) $ (30,046 ) Property operating expense includes property management fees and travel reimbursement costs. The Company also reimbursed the Property Managers for property-level payroll expenses. See Note 11 for additional information on these expenses related to Blue Harbor and Holiday. Assets by reportable business segment are reconciled to total assets as follows: December 31, 2015 December 31, 2014 Assets: Amount Percentage Amount Percentage Triple Net Lease Properties $ 1,196,578 39.7 % $ 1,175,690 59.8 % Managed Properties 1,744,540 57.8 % 598,193 30.4 % All Other Assets (A) 76,341 2.5 % 192,276 9.8 % Total Assets $ 3,017,459 100.0 % $ 1,966,159 100.0 % (A) Primarily consists of corporate cash which is not directly attributable to the Company's reportable business segments. Capital expenditures, including investments in real estate property, for the Managed Properties segment were $ 11,411 , $ 8,538 and $ 3,502 for the years ended December 31, 2015 , 2014 and 2013 , respectively. The tenant for the Holiday Portfolio accounted for 23.0 % and 35.0 % of total revenues for the years ended December 31, 2015 and 2014 , respectively. The following table presents the percentage of total revenues by geographic location: Year Ended December 31, 2015 Year Ended December 31, 2014 Number of Communities % of Revenue Number of Communities % of Revenue Florida 26 20.9 % 19 25.3 % Texas 19 13.5 % 16 12.9 % California 12 9.3 % 5 8.3 % Pennsylvania 7 6.3 % 5 7.4 % North Carolina 9 5.7 % 3 3.7 % Oregon 10 5.5 % 8 7.3 % Utah 6 5.2 % 5 6.5 % Other 65 33.6 % 39 28.6 % Total 154 100.0 % 100 100.0 %

REAL ESTATE INVESTMENTS

REAL ESTATE INVESTMENTS	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
REAL ESTATE INVESTMENTS	REAL ESTATE INVESTMENTS December 31, 2015 December 31, 2014 Gross Carrying Amount Accumulated Depreciation Net Carrying Value Gross Carrying Amount Accumulated Depreciation Net Carrying Value Land $ 222,795 $ — $ 222,795 $ 138,799 $ — $ 138,799 Building and improvements 2,455,170 (97,485 ) 2,357,685 1,434,200 (43,164 ) 1,391,036 Furniture, fixtures and equipment 112,963 (32,303 ) 80,660 65,930 (13,824 ) 52,106 Total $ 2,790,928 $ (129,788 ) $ 2,661,140 $ 1,638,929 $ (56,988 ) $ 1,581,941 Depreciation expense was $ 72,767 , $ 46,622 and $ 8,984 for the years ended December 31, 2015 , 2014 and 2013 , respectively. A loss on disposal of assets of $ 33 is included in "Property operating expense" in the Consolidated Statements of Operations for the year ended December 31, 2015 . The following table summarizes the Company’s real estate intangibles: December 31, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Amortization Period Above/below market lease intangibles, net $ 5,868 $ (361 ) $ 5,507 52.8 years $ 5,868 $ (167 ) $ 5,701 52.1 years In-place lease intangibles 297,253 (164,772 ) 132,481 2.6 years 166,951 (77,889 ) 89,062 2.3 years Other intangibles 5,796 (1,581 ) 4,215 9.4 years 5,796 (965 ) 4,831 9.6 years Total intangibles $ 308,917 $ (166,714 ) $ 142,203 $ 178,615 $ (79,021 ) $ 99,594 Amortization expense was $ 87,551 , $ 56,657 and $ 17,949 for the years ended December 31, 2015 , 2014 and 2013 , respectively. Additionally, amortization of below market leases was $ 142 , $ 119 and $ 3 for the years ended December 31, 2015 , 2014 and 2013 , respectively, and is reported as a reduction to "Rental revenue" in the Consolidated Statements of Operations. Estimated future amortization of intangible assets is as follows: Years Ending December 31 2016 $ 80,575 2017 45,753 2018 8,396 2019 503 2020 503 Thereafter 6,473 Total $ 142,203

RECEIVABLES AND OTHER ASSETS, N

RECEIVABLES AND OTHER ASSETS, NET	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
RECEIVABLES AND OTHER ASSETS, NET	RECEIVABLES AND OTHER ASSETS, NET December 31, 2015 December 31, 2014 Escrows held by lenders (A) $ 19,694 $ 10,768 Other receivables 2,996 5,845 Prepaid expenses 4,828 3,217 Resident receivables, net 2,594 3,162 Deferred tax assets 8,757 4,672 Security deposits 2,932 1,225 Income tax receivable 1,920 1,870 Interest rate caps 283 — Other assets 1,315 1,034 Total $ 45,319 $ 31,793 (A) Escrows held by lenders represent amounts deposited in tax, insurance, and replacement reserve escrow accounts that are related to mortgage notes collateralized by New Senior's properties. The following table summarizes the allowance for doubtful accounts and the related provision for resident receivables: Year Ended December 31, 2015 2014 2013 Balance, beginning of period $ 190 $ 303 $ 9 Provision for bad debt 2,105 922 314 Write-offs, net of recoveries (1,786 ) (1,035 ) (20 ) Balance, end of period $ 509 $ 190 $ 303 The provision for resident receivables and related write-offs are included in "Property operating expense" in the Consolidated Statements of Operations.

DEFERRED FINANCING COSTS

DEFERRED FINANCING COSTS	12 Months Ended
	Dec. 31, 2015
Deferred Finance Costs [Abstract]
DEFERRED FINANCING COSTS	DEFERRED FINANCING COSTS The deferred financing costs summarized in the following table are presented as a reduction to "Mortgage notes payable, net" in the Consolidated Balance Sheets. December 31, 2015 December 31, 2014 Gross carrying amount $ 54,910 $ 45,569 Accumulated amortization (17,475 ) (9,363 ) Total $ 37,435 $ 36,206 Amortization of deferred financing costs is reported within "Interest expense" in the Consolidated Statements of Operations. In March 2015, the Company refinanced mortgage loans and wrote-off $ 1,208 of unamortized deferred financing costs. See Note 8 for further information.

MORTGAGE NOTES PAYABLE, NET

MORTGAGE NOTES PAYABLE, NET	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
MORTGAGE NOTES PAYABLE, NET	MORTGAGE NOTES PAYABLE, NET December 31, 2015 December 31, 2014 Outstanding Face Amount Carrying Value (A) Final Stated Maturity Stated Interest Rate Weighted Average Maturity (Years) Outstanding Face Amount Carrying Value (A) Managed Properties Fixed Rate (B) $ 607,437 $ 603,460 Dec 2018 - Sep 2025 3.65% to 6.76% 8.2 $ 156,763 $ 154,696 Floating Rate (C) 731,318 723,554 Oct 2020 - May 2022 1M LIBOR + 2.20% to 1M LIBOR + 2.70% 6.2 278,424 275,689 Triple Net Lease Properties Fixed Rate (D) 695,984 673,732 Jan 2021 - Jan 2024 3.83% to 8.00% 6.5 708,383 679,333 Floating Rate (E) 152,000 150,571 Oct 2017 - Apr 2018 3M LIBOR + 3.00% to 3M LIBOR +3.25% 2.0 115,000 113,506 Total $ 2,186,739 $ 2,151,317 6.6 $ 1,258,570 $ 1,223,224 (A) The totals are reported net of deferred financing costs of $ 37,435 and $ 36,206 as of December 31, 2015 and 2014 , respectively. (B) In August 2015, the Company obtained new mortgage financing of $ 464,680 to partially fund an acquisition of a portfolio of 28 IL-only properties. The financing carries a fixed rate of 4.25% and matures in September 2025. (C) All of these loans have LIBOR caps that range between 3.30% and 3.80% as of December 31, 2015 . (D) Includes loans with an outstanding face amount of $ 350,403 and $ 306,844 , as of December 31, 2015 , for which the Company bought down the interest rates to 4.00% and 3.83% , respectively, through January 2019. The interest rates will increase to 4.99% and 4.56% , respectively, thereafter. (E) In August 2015, the Company completed a partial payoff of $ 15,000 for a floating rate loan. In March 2015, the Company refinanced mortgage loans of $ 297,030 and recognized a loss on extinguishment of debt of $ 5,091 , which represents the write-off of related unamortized deferred financing costs, mortgage discounts, exit fees and other costs, as of the date of the refinancing, and is included in "Loss on extinguishment of debt" in the Consolidated Statements of Operations. The carrying value of the collateral relating to fixed rate and floating rate mortgages was $ 1,679,646 and $ 1,122,960 as of December 31, 2015 and $ 1,130,582 and $ 524,996 as of December 31, 2014 , respectively. The Company’s mortgage notes payable have contractual maturities as follows: 2016 $ 16,240 2017 127,312 2018 114,826 2019 128,593 2020 66,124 Thereafter 1,733,644 Total $ 2,186,739 The Company’s mortgage notes payable contain various customary financial and other covenants, in some cases including Debt Service Coverage Ratio and Project Yield, as defined in the agreements. The Company was in compliance with the covenants in its mortgage notes payable agreements as of December 31, 2015 . The fair values of mortgage notes payable as of December 31, 2015 and 2014 was $ 2,217,464 and $ 1,283,109 , respectively. Mortgage notes payable are not measured at fair value in the Consolidated Balance Sheets. The disclosed fair value of mortgage notes payable, classified as level 3 within the fair value hierarchy, is based on a discounted cash flow valuation model. Significant inputs in the model include amounts and timing of expected future cash flows and market yields which are constructed based on inputs implied from similar debt offerings.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS During the year ended December 31, 2015 , the Company entered into interest rate cap contracts to hedge future payments on floating rate debt obligations. The interest rate caps are carried at fair value and are included in "Receivables and other assets, net" in the Consolidated Balance Sheets. The Company estimates the fair value of these instruments using pricing models that consider forward yield curves, cap strike rates, cap volatility and discount rates, which are classified as level 2 inputs. Significant inputs to the valuation of level 2 derivatives can be verified to market transactions, broker or dealer quotations or other pricing sources with reasonable levels of price transparency. The fair value adjustment on the Company's interest rate caps was a loss of $ 964 for the year ended December 31, 2015 , and is included in "Other expense (income)" in the Consolidated Statements of Operations. The Company did not hold any derivative instruments prior to 2015. The following table presents information related to the Company's outstanding interest rate caps: December 31, 2015 Outstanding notional amount $ 731,318 LIBOR cap range 3.30% to 3.80% LIBOR cap effective date range March 2015 to September 2020 Fair value $ 283

ACCRUED EXPENSES AND OTHER LIAB

ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER LIABILITIES	ACCRUED EXPENSES AND OTHER LIABILITIES December 31, 2015 December 31, 2014 Security deposits payable $ 54,669 $ 50,917 Accounts payable 9,552 6,058 Mortgage interest payable 6,415 3,651 Deferred community fees, net 4,450 3,113 Rent collected in advance 3,937 2,530 Property tax payable 2,564 1,627 Contingent consideration — 50 Other liabilities 7,586 4,295 Total $ 89,173 $ 72,241

TRANSACTIONS WITH AFFILIATES

TRANSACTIONS WITH AFFILIATES	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
TRANSACTIONS WITH AFFILIATES	TRANSACTIONS WITH AFFILIATES Management Agreements In conjunction with the spin-off, New Senior entered into a management agreement (the “Management Agreement”) with the Manager dated November 6, 2014 (effective November 7, 2014), under which the Manager advises the Company on various aspects of its business and manages its day-to-day operations, subject to the supervision of the Company’s board of directors. For its management services, the Manager is entitled to a base management fee of 1.5% per annum of the Company’s gross equity. Gross equity is generally defined as the equity invested by Newcastle as of the distribution date plus the aggregate offering price from stock offerings, plus certain capital contributions to subsidiaries, less capital distributions (calculated without regard to depreciation and amortization) and repurchases of common stock, calculated and payable monthly in arrears in cash. During the year ended December 31, 2015 and the period from November 7, 2014 to December 31, 2014, the Company incurred management fees of $ 14,279 and $ 1,860 , respectively, under the Management Agreement, which are included in "Management fee to affiliate" in the Consolidated Statements of Operations. As of December 31, 2015 and 2014 , the Company had a payable for management fees of $ 1,349 and $ 1,030 , respectively, which is included in “Due to affiliates” in the Consolidated Balance Sheets. The Manager is entitled to receive, on a quarterly basis, incentive compensation on a cumulative, but not compounding basis, in an amount equal to the product of (A) 25% of the dollar amount by which (1)(a) funds from operations (as defined in the Management Agreement) before the incentive compensation per share of common stock, plus (b) gains (or losses) from sales of property per share of common stock, plus (c) internal and third party acquisition-related expenses, plus (d) unconsummated transaction expenses, and plus (e) other non-routine items, exceed (2) an amount equal to (a) the weighted average value per share of the equity invested by Newcastle in the assets of the Company (including total cash contributed to the Company) as of the distribution date and the price per share of the Company’s common stock in any offerings by the Company (adjusted for prior capital dividends or capital distributions, which shall be calculated without regard to depreciation and amortization) multiplied by (b) a simple interest rate of 10% per annum, multiplied by (B) the weighted average number of shares of common stock outstanding. The Manager earned no incentive compensation during the year ended December 31, 2015 or for the period from November 7, 2014 to December 31, 2014. The Manager is also entitled to receive, upon the successful completion of an equity offering, options with respect to 10% of the number of shares sold in the offering with an exercise price equal to the price. Because the Manager’s employees perform certain legal, accounting, due diligence, asset management and other services that outside professionals or outside consultants otherwise would perform, the Manager is paid or reimbursed, pursuant to the Management Agreement, for the cost of performing such tasks, provided that such costs and reimbursements are no greater than those which would be paid to outside professionals or consultants on an arm’s-length basis. The Company is also required to pay all operating expenses, except those specifically required to be borne by the Manager under the Management Agreement. The Company is required to pay expenses that include, but are not limited to, issuance and transaction costs incidental to the sourcing, evaluation, acquisition, management, disposition, and financing of the Company’s investments, legal, underwriting, sourcing, asset management and accounting and auditing fees and expenses, the compensation and expenses of independent directors, the costs associated with the establishment and maintenance of any credit facilities and other indebtedness of the Company (including commitment fees, legal fees, closing costs, etc.), expenses associated with other securities offerings of the Company, the costs of printing and mailing proxies and reports to the Company’s stockholders, costs incurred by employees or agents of the Manager for travel on the Company’s behalf, costs associated with any computer software or hardware that is used by the Company, costs to obtain liability insurance to indemnify directors and officers and the compensation and expenses of the Company’s transfer agent. The following table summarizes the Company's reimbursement to the Manager for costs incurred for tasks and other services performed by the Manager under the Management Agreement: Year Ended December 31, 2015 Period From November 7, 2014 to December 31, 2014 Included in: General and administrative expense $ 6,607 $ 822 Acquisition, transaction and integration expense 3,073 729 Total $ 9,680 $ 1,551 As of December 31, 2015 and 2014 , the Company had a payable for Manager reimbursements of $ 1,518 and $ 943 , respectively, which is included in “Due to affiliates” in the Consolidated Balance Sheets. During the year ended December 31, 2015 , the Company executed a plan to centralize operations in New York, New York and relocate certain personnel from the Plano, Texas office to New York, New York. The Company has determined that this plan qualifies as a restructuring activity under ASC 420. The Company incurred costs of $ 664 in connection with this restructuring, which primarily consist of severance-related costs, and are included in “Other expense (income)” in the Consolidated Statements of Operations. The Company does not expect to incur any material costs related to this restructuring in subsequent periods. As of, and for the periods prior to, November 6, 2014, the Company was not party to a stand-alone management agreement with the Manager. However, the Company was allocated a portion of the fees paid by Newcastle to the Manager for management services in the amount of $ 6,610 and $ 1,796 for the period from January 1, 2014 to November 6, 2014 and for the year ended December 31, 2013, respectively. Newcastle’s management agreement with the Manager provides that Newcastle reimburses the Manager for various expenses incurred by the Manager or its officers, employees and agents on its behalf, including costs of legal, accounting, tax, auditing, administrative and other similar services rendered for Newcastle by providers retained by the Manager or, if provided by the Manager's employees, based on amounts which are no greater than those which would be payable to outside professionals or consultants engaged to perform such services pursuant to agreements negotiated on an arm's-length basis. Newcastle’s Manager was also entitled to receive incentive compensation on a cumulative, but not compounding basis, subject to certain performance targets and contingent events. The Manager earned no incentive compensation during the period from January 1, 2014 to November 6, 2014 or for the year ended December 31, 2013. Property Management Agreements Within the Company’s Managed Properties segment, the Company is party to Property Management Agreements with Blue Harbor and Holiday, both affiliates of Fortress, to manage a portion of its senior housing properties. Pursuant to these Property Management Agreements, the Company pays monthly property management fees. For AL/MC properties managed by Blue Harbor and Holiday, the Company pays management fees equal to 6% of effective gross income for the first two years and 7% thereafter. For IL-only properties managed by Blue Harbor and Holiday, the Company pays management fees equal to 5% of effective gross income. For certain property management agreements, the Company may also pay an incentive fee based on operating performance of the properties. No incentive fees were incurred during the year ended December 31, 2015 . Property management fees are included in "Property operating expense" in the Consolidated Statements of Operations. Property operating expense for Property Managers affiliated with Fortress include property management fees and travel reimbursement costs. The payroll expense is structured as a reimbursement to the Property Manager, who is the employer of record. The following table summarizes property management fees and reimbursements paid by the Company to Property Managers affiliated with Fortress: Year Ended December 31, 2015 2014 2013 Property management fees $ 16,167 $ 9,327 $ 4,976 Travel reimbursement costs 369 318 181 Property-level payroll expenses $ 85,477 $ 58,017 $ 32,520 As of December 31, 2015 and 2014 , the Company had payables for property management fees of $ 1,689 and $ 765 , respectively, and property-level payroll expenses of $ 5,088 and $ 4,092 , respectively, which are included in “Due to affiliates” in the Consolidated Balance Sheets. The Property Management Agreements with affiliated managers have initial terms of 5 or 10 years and provide for automatic one -year extensions after the initial term, subject to termination rights. Triple Net Lease Agreements Within the Company’s Triple Net Lease segment, the Company is party to triple net master leases with the tenant for the Holiday Portfolios. Pursuant to the leases, the tenant is required to pay base monthly rent payments in accordance with the underlying lease terms on a straight-line basis over the lease term which expires in 2031. Such payments amounted to $ 67,957 , $ 65,031 and $ 1,399 for the years ended December 31, 2015 , 2014 and 2013 , respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES New Senior is organized and conducts its operations to qualify as a REIT under the requirements of the Code. However, certain of the Company’s activities are conducted through its TRS and therefore are subject to federal and state income taxes at regular corporate tax rates. The following table presents the (benefit) provision for income taxes: Year Ended December 31, 2015 2014 2013 Current Federal $ 26 $ (925 ) $ 437 State and local 84 170 93 Total current provision 110 (755 ) 530 Deferred Federal (3,576 ) 907 116 State and local (189 ) 8 10 Total deferred provision (3,765 ) 915 126 Total (benefit) provision for income taxes $ (3,655 ) $ 160 $ 656 Generally, the Company’s effective tax rate differs from the federal statutory rate as a result of state and local taxes and non-taxable REIT income. The table below provides a reconciliation of the Company’s provision for income taxes, based on the statutory rate of 35% , to the effective tax rate. Year Ended December 31, 2015 2014 2013 Statutory U.S. federal income tax rate 35.00 % 35.00 % 35.00 % Non-taxable REIT (loss) (30.87 )% (35.03 )% (36.90 )% State and local taxes 0.16 % (0.29 )% (0.24 )% Other (0.06 )% (0.03 )% (0.09 )% Effective income tax rate 4.23 % (0.35 )% (2.23 )% The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and deferred tax liabilities are presented below: December 31, 2015 2014 2013 Deferred tax assets: Depreciation and amortization $ — $ 837 $ — Prepaid fees and rent 1,976 2,091 1,156 Net operating loss 5,175 1,724 — Deferred rent 2,063 — — Tax credits 26 — — Other 70 20 23 Total deferred tax assets 9,310 4,672 1,179 Less valuation allowance — — — Net deferred tax assets 9,310 4,672 1,179 Deferred tax liabilities: Depreciation and amortization 553 — 853 Deferred revenues — — — Total deferred tax liabilities 553 — 853 Total net deferred tax assets $ 8,757 $ 4,672 $ 326 Net deferred tax assets are recorded within "Receivables and other assets, net" and net deferred tax liabilities are recorded within "Accrued expenses and other liabilities" in the Consolidated Balance Sheets. As of December 31, 2015 , the Company had a loss carryforward of approximately $ 13,423 for federal income tax purposes, which will begin to expire in 2034 . The net operating loss carryforward can generally be used to offset future taxable income, if and when it arises. In assessing the recoverability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income by the TRS during the periods in which temporary differences become deductible and before the net operating loss carryforward expires. The Company has not recorded a valuation allowance against its deferred tax assets as of December 31, 2015 as management believes that it is more likely than not that its deferred tax assets will be realized. The Company and its TRS file income tax returns with the U.S. federal government and various state and local jurisdictions. Generally, the Company is no longer subject to tax examinations by tax authorities for tax years ended prior to December 31, 2012. The Company’s TRS federal income tax return for the year ended December 31, 2013 is currently under examination. The Company cannot estimate when the examination will conclude or the impact such examination will have on the Company’s consolidated financial statements, if any. The Company has assessed its tax positions for all open years and concluded that there are no material uncertainties to be recognized. As of December 31, 2015 , the Company does not believe that there will be a significant change to uncertain tax positions during the next 12 months.

EQUITY AND EARNINGS PER SHARE

EQUITY AND EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE Equity and Dividends On June 29, 2015, the Company issued 20,114,090 shares of its common stock in a public offering ("Public Offering") at a price of $13.75 , for proceeds of $266,513 , net of issuance costs. Certain executive officers and a director of the Company participated in this offering and purchased an aggregate of 101,817 shares at the public offering price. During the years ended December 31, 2015 and 2014 , dividends declared per common share were $0.75 and $0.23 , respectively. On December 1, 2015, the Company's board of directors authorized the repurchase of up to $ 100,000 of the Company's common stock ("Share Repurchase Program") over the next 12 months. Subsequently, on December 17, 2015, the board of directors authorized the Company to commence a modified “Dutch auction” self-tender offer to repurchase up to $ 30,000 in cash of shares of its common stock to upsize the original repurchase authorization to an aggregate of $ 130,000 . See Note 17 for further information related to the tender offer. Under the Share Repurchase Program, the Company may purchase its shares from time to time in the open market or in privately negotiated transactions. During December 2015, the Company repurchased 1,112,000 shares at an average price of $ 9.22 per share for a total cost, including transaction costs, of $ 10,273 . The shares were subsequently retired. The cost paid to acquire the shares in excess of par was recorded in "Additional paid-in capital" in the Consolidated Statements of Changes in Equity. As of December 31, 2015 , 1,556,115 shares of the Company's common stock were held by Fortress, through its affiliates, and its principals and employees. Option Plan Effective upon the spin-off, the Company has a Nonqualified Stock Option and Incentive Award Plan (the “Plan”) which provides for the grant of equity-based awards, including restricted stock, stock options, stock appreciation rights, performance awards, tandem awards and other equity-based and non-equity based awards, in each case to the Manager and to the directors, officers, employees, service providers, consultants and advisors of the Manager who perform services for New Senior and to New Senior’s directors, officers, service providers, consultants and advisors. New Senior has initially reserved 30 million shares of its common stock for issuance under the Plan; on the first day of each fiscal year beginning during the ten -year term of the Plan in and after calendar year 2014, that number will be increased by a number of shares of New Senior’s common stock equal to 10% of the number of shares of common stock newly issued by New Senior during the immediately preceding fiscal year. New Senior’s board of directors may also determine to issue options to the Manager that are not subject to the Plan, provided that the number of shares underlying any options granted to the Manager in connection with capital raising efforts would not exceed 10% of the shares sold in such offering and would be subject to NYSE rules. Prior to the spin-off, Newcastle had issued rights relating to shares of Newcastle’s common stock (the “Newcastle options”) to the Manager in connection with capital raising activities. In connection with the spin-off, 5.5 million options that were held by the Manager, or by the directors, officers or employees of the Manager, were converted into an adjusted Newcastle option and a right relating to a number of shares of New Senior common stock (the “New Senior option”). The exercise price of each adjusted Newcastle option and New Senior option was set to collectively maintain the intrinsic value of the Newcastle option immediately prior to the spin-off and to maintain the ratio of the exercise price of the adjusted Newcastle option and the New Senior option, respectively, to the fair market value of the underlying shares as of the spin-off date, in each case based on the five day average closing price subsequent to the spin-off date. The options expired or expire, as applicable, between January 12, 2015 and August 18, 2024 . 2015 Activity In connection with the Public Offering, the Company granted options to the Manager, pursuant to the Management Agreement, relating to 2,011,409 shares of New Senior's common stock at a price of $13.75 , which had a grant date fair value of $2,976 . The assumptions used in valuing the options were: a 2.51% risk-free rate, a 8.16% dividend yield, 21.32% volatility and a 10 year term. The fair value of these options was recorded as an increase in equity with an offsetting reduction of capital proceeds received. On July 16, 2015 and November 6, 2015, former and current employees of the Manager exercised options in respect of 12,499 and 162,492 shares, respectively, of the Company's common stock. In each case, the exercise of the options was accomplished pursuant to a cashless exercise, whereby the option holders surrendered 7,864 and 137,081 shares, respectively, of common stock based on the closing market prices on July 16, 2015 and November 5, 2015, which were $ 13.40 and $ 9.99 per share, respectively, to cover the per share exercise price of the options. The options had a weighted average exercise price of $ 8.43 per share. 2014 Activity Upon joining the board, non-employee directors were, in accordance with the Plan, granted options relating to an aggregate of 20,000 shares of common stock. The fair value of such options was not material at the date of grant. In December 2014, New Senior issued an aggregate of 1,370 shares of its common stock to an independent director as compensation. The Company's outstanding options are summarized as follows: December 31, 2014 Exercised Expired / Forfeited Issued December 31, 2015 Held by the Manager 4,991,752 — (17,555 ) 2,011,409 6,985,606 Issued to the Manager and subsequently transferred to certain of the Manager’s employees 508,847 (174,991 ) (37,777 ) — 296,079 Issued to the independent directors 20,000 — — — 20,000 Total 5,520,599 (174,991 ) (55,332 ) 2,011,409 7,301,685 The following table summarizes the Company's outstanding options as of December 31, 2015 . The last sale price on the NYSE for the Company's common stock in the year ended December 31, 2015 was $ 9.86 per share. Recipient Date of Grant / Exercise (A) Number of Options Options Exercisable Weighted Average Exercise Price (B) Intrinsic Value (millions) Manager (C) 2004 - 2007 227,073 144,661 $ 56.10 $ — Manager March 2011 182,527 182,527 7.18 0.5 Manager September 2011 283,305 283,305 4.09 1.6 Manager (C) April 2012 311,191 257,660 7.66 0.7 Manager (C) May 2012 377,495 312,026 8.75 0.4 Manager (C) July 2012 416,522 346,343 8.71 0.5 Manager (C) January 2013 958,331 958,331 14.42 — Manager (C) February 2013 383,331 383,331 16.85 — Manager (C) June 2013 670,829 670,829 17.89 — Manager (C) November 2013 965,847 804,873 19.23 — Manager August 2014 765,416 408,222 20.89 — Directors November 2014 20,000 8,666 17.21 — Manager June 2015 2,011,409 402,282 $ 13.75 $ — Total 7,573,276 5,163,056 Less: Exercised options 2014 14,188 N/A $ 8.41 N/A Exercised options 2015 174,991 N/A 8.43 N/A Expired options 2004 - 2005 82,412 N/A 58.55 N/A Total outstanding options 7,301,685 5,163,056 $ 15.50 (A) Options expire on the tenth anniversary from date of grant. (B) The strike prices are subject to adjustment in connection with return of capital dividends. (C) The Manager assigned certain of its options to Fortress’s employees as follows: Date of Grant Range of Strike Prices Total Unexercised Inception to Date Min Max 2004 - 2007 $ 53.26 $ 60.92 29,422 2012 7.66 8.75 — 2013 $ 14.42 $ 19.23 266,657 Total 296,079 Earnings Per Share The Company is required to present both basic and diluted EPS. Basic EPS is calculated by dividing net loss by the weighted average number of shares of common stock outstanding. Diluted EPS is computed by dividing net loss by the weighted average number of shares of common stock outstanding plus the additional dilutive effect, if any, of common stock equivalents during each period. The Company's common stock equivalents are its outstanding stock options. Basic and Diluted EPS for all periods prior to the spin-off reflect the number of distributed shares on November 7, 2014, or 66.4 million shares. For 2014 year-to-date calculations, these shares are treated as issued and outstanding from January 1, 2014 for purposes of calculating historical basic EPS, similar to a stock split. At the time of the spin-off, the Newcastle options were converted to awards of New Senior, and, therefore, there were no potentially dilutive securities outstanding for historical periods. For 2014, the Company determined its weighted average diluted shares outstanding assuming that the date of New Senior's separation from Newcastle was the beginning of the period. During the years ended December 31, 2015 and 2014 , 635,624 and 162,563 potentially dilutive shares, respectively, were excluded given the Company’s loss position. During the year ended December 31, 2013 there were no potentially dilutive shares outstanding as EPS for this period assumes the same number of shares outstanding as issued upon its spin-off from Newcastle.

CONCENTRATION OF CREDIT RISK

CONCENTRATION OF CREDIT RISK	12 Months Ended
	Dec. 31, 2015
Risks and Uncertainties [Abstract]
CONCENTRATION OF CREDIT RISK	CONCENTRATION OF CREDIT RISK The following graphs present the Company's managed properties and triple net lease properties as a percentage of the Company's real estate investments (based on their carrying amount): Managed Properties The following table presents the properties managed by Holiday and Blue Harbor as a percentage of segment real estate investments, segment revenue and segment NOI: As of and for the year ended December 31, 2015 2014 2013 Holiday Blue Harbor Holiday Blue Harbor Holiday Blue Harbor Segment Real Estate Investments 77.9 % 17.5 % 44.2 % 53.0 % 52.8 % 47.2 % Segment Revenue 57.7 % 38.8 % 45.4 % 54.4 % 29.6 % 70.4 % Segment NOI 62.2 % 34.4 % 41.8 % 57.9 % 23.3 % 76.7 % Because Holiday and Blue Harbor manage, but do not lease the Company's properties in the Managed Properties segment, the Company is not directly exposed to their credit risk in the same manner or to the same extent as the Company's triple net lease tenants. However, the Company relies on Holiday and Blue Harbor's personnel, expertise, accounting resources and information systems, proprietary information, good faith and judgment to manage the Company's properties efficiently and effectively. The Company also relies on Holiday and Blue Harbor to otherwise operate the Company's properties in compliance with the terms of the Property Management Agreements, although the Company has various rights as the property owner to terminate and exercise remedies under the Property Management Agreements. Holiday's and Blue Harbor ’ s inability or unwillingness to satisfy their obligations under those agreements, to efficiently and effectively manage the Company's properties, or to provide timely and accurate accounting information could have a material adverse effect on the Company. Additionally, significant changes in Holiday's and Blue Harbor ’ s senior management or adverse developments in their business and affairs or financial condition could have a material adverse effect on the Company. Triple Net Lease Properties The following table presents lease agreements with the tenant for the Holiday Portfolios as a percentage of the Company's total revenue and segment NOI: Year Ended December 31, 2015 2014 2013 Total Revenue 23.0 % 35.0 % 2.3 % Segment NOI 45.0 % 62.5 % 7.8 % Pursuant to the triple net lease arrangements, the tenants are contractually obligated to pay for all property related expenses, including taxes, insurance, repairs and maintenance, utilities and capital expenditures. If any tenant defaults under the lease, material adverse effects may include loss in revenues and funding of certain property related costs. In addition, each of the leases requires the tenant to comply with the terms of mortgage financing documents, if any, affecting the properties and has guaranty and cross default provisions tied to other leases with the same tenant. Because the properties leased to the tenant for the Holiday Portfolios account for a significant portion of total revenues and NOI, the Company’s financial condition and results of operations could be weakened and the Company’s ability to service its indebtedness and to make distributions to stockholders could be limited if the tenant for the Holiday Portfolios becomes unable or unwilling to satisfy its obligations to the Company or to renew leases with the Company upon expiration of the terms thereof. New Senior cannot assure that the tenant for the Holiday Portfolios will have sufficient assets, income and access to financing to enable it to satisfy its respective obligations to the Company, and any inability or unwillingness by the tenant for the Holiday Portfolios to do so could have a material adverse effect on the Company’s business, financial condition, results of operations and liquidity, the Company’s ability to service its indebtedness and other obligations and ability to make distributions to stockholders, as required for the Company to continue to qualify as a REIT. New Senior also cannot assure that the tenant for the Holiday Portfolios will elect to renew leases with the Company upon expiration of the terms thereof or that New Senior will be able to reposition any properties that are not renewed on a timely basis or on the same or better economic terms, if at all. The Company monitors the creditworthiness of its tenants by evaluating the ability of the tenants to meet their lease obligations to the Company based on the tenants’ financial performance, including the evaluation of tenant lease obligations. The Company periodically obtains various financial and operational information and reviews this information in conjunction with contractually agreed coverage metrics to monitor the financial condition and performance of the tenants, and ultimately, the tenants’ ability to generate sufficient liquidity to meet their obligations under the leases. Each triple net master lease includes (i) a covenant requiring the tenant for the Holiday Portfolios to maintain a minimum lease coverage ratio, which the triple net master lease defines as net operating income less a reserve for capital expenditures for the applicable trailing 12 -month period for the Holiday Portfolios divided by the base rental revenue for such trailing 12 -month period, which steps up during the term of the lease and is subject to certain cure provisions, (ii) minimum capital expenditure requirements, (iii) customary operating covenants, events of default, and remedies, (iv) a non-compete clause restricting certain affiliates of the tenant for the Holiday Portfolios from developing or constructing new independent living properties within a specified radius of any property acquired by the Company in this transaction, and (v) restrictions on a change of control of the tenant for the Holiday Portfolios and Guarantor (as defined below), subject to certain exceptions. The triple net master leases also require the tenant for the Holiday Portfolios to fund a security deposit in the amount of approximately $ 43,354 , which serves as security for the tenant for the Holiday Portfolios' performance of its obligations to the Company. Additionally, the tenant for the Holiday Portfolios granted the Company a first priority security interest in certain personal property and receivables arising from the operations of the Holiday Portfolios, which security interest also secures the tenant for the Holiday Portfolios' obligations under the triple net master leases. The tenant for the Holiday Portfolios' obligations to the Company under the triple net master leases are further guaranteed by Holiday AL Holdings LP, (the “Guarantor”), an affiliate of Fortress. The Guarantor is required to maintain a minimum net worth of $ 150,000 , a minimum fixed charge coverage ratio of 1.10 and a maximum leverage ratio of 10 to 1 .

FUTURE MINIMUM RENTS

FUTURE MINIMUM RENTS	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
FUTURE MINIMUM RENTS	FUTURE MINIMUM RENTS The following table sets forth future contracted minimum rental receipts from tenants within the Triple Net Lease Properties segment, excluding contingent payment escalations, as of December 31, 2015 : Years Ending December 31 2016 $ 91,286 2017 95,216 2018 98,457 2019 101,700 2020 105,052 Thereafter 1,234,647 Total $ 1,726,358

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES As of December 31, 2015 , management believes there are no material contingencies that would affect the Company’s results of operations, cash flows or financial position. Certain Obligations, Liabilities and Litigation The Company is and may become subject to various obligations, liabilities, investigations, inquiries and litigation assumed in connection with or arising out of its acquisitions or otherwise arising in connection with its on-going business. Some of these liabilities may be indemnified by third parties. However, if these liabilities, investigations and inquiries are greater than expected or were not known to the Company at the time of acquisition, if the Company is not entitled to indemnification, or if the responsible third party fails to indemnify the Company for these liabilities, such obligations, liabilities and litigation could have a material adverse effect on the Company. In addition, in connection with the sale or leasing of properties, the Company may incur various obligations and liabilities, including indemnification obligations, relating to the operations of those properties, which could have a material adverse effect on the Company’s financial position, cash flows and results of operations. Certain Tax-Related Covenants If New Senior is treated as a successor to Newcastle under applicable U.S. federal income tax rules, and if Newcastle fails to qualify as a REIT, New Senior could be prohibited from electing to be a REIT. Accordingly, Newcastle has (i) represented that it has no knowledge of any fact or circumstance that would cause New Senior to fail to qualify as a REIT, (ii) covenanted to use commercially reasonable efforts to cooperate with New Senior as necessary to enable New Senior to qualify for taxation as a REIT and receive customary legal opinions concerning REIT status, including providing information and representations to New Senior and its tax counsel with respect to the composition of Newcastle’s income and assets, the composition of its stockholders and its operation as a REIT, and (iii) covenanted to use its reasonable best efforts to maintain its REIT status for each of Newcastle’s taxable years ending on or before December 31, 2015 (unless Newcastle obtains an opinion from a nationally recognized tax counsel or a private letter ruling from the Internal Revenue Service (“IRS”) to the effect that Newcastle’s failure to maintain its REIT status will not cause New Senior to fail to qualify as a REIT under the successor REIT rule referred to above). Proceedings Indemnified and Defended by Third Parties From time to time, the Company is party to certain legal actions, regulatory investigations and claims for which third parties are contractually obligated to indemnify, defend and hold the Company harmless. While the Company is presently not being defended by any tenant and other obligated third parties in these types of matters, there is no assurance that its tenants, their affiliates or other obligated third parties will continue to defend the Company in these matters, or that such parties will have sufficient assets, income and access to financing to enable them to satisfy their defense and indemnification obligations to the Company. Environmental Costs As a commercial real estate owner, the Company is subject to potential environmental costs. As of December 31, 2015 , management of the Company is not aware of any environmental concerns that would have a material adverse effect on the Company’s financial position or results of operations. Capital Improvement, Repair and Lease Commitments The Company is committed to making $ 4,000 immediately available for capital improvements to the triple net lease properties under the LCS Portfolio, of which $ 300 has been funded as of December 31, 2015 . The Company also agreed to make available an additional $ 11,500 at certain intervals over the 15 year lease period to be used for further capital improvements. Upon funding the capital improvements, the Company will be entitled to a rent increase. Additionally, the Company is committed under the Watermark triple net lease property to make $ 1,000 available for lender mandated repairs and $ 1,000 available for additional capital improvements during the 15 year lease period, of which $ 85 has been funded as of December 31, 2015 . Upon funding the capital improvements, the Company will be entitled to a rent increase.

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	QUARTERLY FINANCIAL INFORMATION (UNAUDITED) 2015 Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 Revenue $ 73,860 $ 91,200 $ 104,985 $ 118,433 $ 388,478 Net operating income 39,589 48,376 53,225 57,745 198,935 Loss before income taxes (21,348 ) (21,061 ) (18,337 ) (25,334 ) (86,080 ) Income tax (benefit) expense (95 ) 129 (378 ) (3,311 ) (3,655 ) Net loss $ (21,253 ) $ (21,190 ) $ (17,959 ) $ (22,023 ) $ (82,425 ) Loss per share of common stock Basic and diluted $ (0.32 ) $ (0.32 ) $ (0.21 ) $ (0.26 ) $ (1.08 ) Weighted average number of shares of common stock outstanding Basic and diluted 66,415,415 66,857,483 86,533,384 86,271,022 76,601,161 2014 Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 Revenue $ 57,835 $ 59,623 $ 67,145 $ 70,382 $ 254,985 Net operating income 32,276 33,427 38,369 38,671 142,743 Loss before income taxes (10,578 ) (10,403 ) (10,801 ) (14,461 ) (46,243 ) Income tax (benefit) expense 360 627 350 (1,177 ) 160 Net loss $ (10,938 ) $ (11,030 ) $ (11,151 ) $ (13,284 ) $ (46,403 ) Loss per share of common stock Basic and diluted $ (0.16 ) $ (0.17 ) $ (0.17 ) $ (0.20 ) $ (0.70 ) Weighted average number of shares of common stock outstanding Basic and diluted 66,399,857 66,399,857 66,399,857 66,404,051 66,400,914 Results of operations for 2015 include $ 2.2 million in out of period adjustments which primarily relate to: (a) a $ 2.2 million tax benefit recognized in the fourth quarter for deferred tax assets originating in the Company's TRS which should have been recognized in prior years and (b) an adjustment of approximately $ 1.8 million in additional amortization of acquired intangibles recognized in the fourth quarter, the majority of which should have been recognized in the three-month period ended September 30, 2015. The Company does not believe these out of period adjustments are material to its financial position or results of operations for any prior periods, nor to the year ended December 31, 2015.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS These Consolidated Financial Statements include a discussion of material events, if any, which have occurred subsequent to December 31, 2015 (referred to as subsequent events) through the issuance of the Consolidated Financial Statements. On December 17, 2015, the board of directors authorized the Company to commence a modified “Dutch auction” self-tender offer to repurchase up to $ 30,000 in cash of shares of its common stock to upsize the Share Repurchase Program to an aggregate of $ 130,000 . The tender offer commenced on December 17, 2015 and expired on January 19, 2016. The Company incurred $ 30,783 , including transaction costs, to repurchase 3,333,333 shares at a tender price of $ 9.00 per share. On February 23, 2016, the Company's board of directors declared a cash dividend on its common stock of $ 0.26 per common share for the quarter ended December 31, 2015 . The dividend is payable on March 22, 2016 to shareholders of record on March 8, 2016.

SCHEDULE III, REAL ESTATE AND A

SCHEDULE III, REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III, REAL ESTATE AND ACCUMULATED DEPRECIATION	Location Initial Cost to the Company Gross Amount Carried at Close of Period Property Name Type City State Encumbrances Land Buildings and Improvements Furniture, Fixtures and Equipment Costs Capitalized Subsequent to Acquisition Land Buildings and Improvements Furniture, Fixtures and Equipment Total (A) Accumulated Depreciation Net Book Value Year Constructed / Renovated Year Acquired Life on Which Depreciation in Income Statement is Computed Managed Properties Andover Place IL Little Rock AR 13,995 1,142 13,964 553 80 1,142 13,993 604 15,739 (185 ) 15,554 1991/NA 2015 3-40 years Desert Flower AL/MC Scottsdale AZ 18,518 2,295 16,901 101 513 2,295 17,231 284 19,810 (1,746 ) 18,064 1999/2005 2012 3-40 years Arcadia Place IL Vista CA 16,575 1,114 13,595 539 59 1,114 13,643 549 15,306 (177 ) 15,129 1989/NA 2015 3-40 years Chateau at Harveston IL Temecula CA 25,275 1,564 27,532 838 25 1,564 27,545 850 29,959 (667 ) 29,292 2008/NA 2015 3-40 years Golden Oaks IL Yucaipa CA 22,735 772 24,989 867 30 772 25,006 880 26,658 (650 ) 26,008 2008/NA 2015 3-40 years Orchard Park AL/MC Clovis CA 17,330 1,126 16,889 45 457 1,126 17,140 251 18,517 (1,677 ) 16,840 1998/2007 2012 3-40 years Rancho Village IL Palmdale CA 18,660 323 22,341 882 42 323 22,364 902 23,589 (603 ) 22,986 2008/NA 2015 3-40 years Sun Oak AL/MC Citrus Heights CA 3,862 821 3,145 59 93 821 3,192 105 4,118 (379 ) 3,739 1997/2011 2012 3-40 years Sunshine Villa AL/MC Santa Cruz CA 22,438 2,243 21,082 58 473 2,243 21,350 262 23,855 (2,153 ) 21,702 1990/NA 2012 3-40 years The Remington IL Hanford CA 13,628 1,154 14,106 559 25 1,154 14,112 579 15,845 (184 ) 15,661 1997/NA 2015 3-40 years The Springs of Escondido IL Escondido CA 15,375 1,001 12,199 485 28 1,001 12,216 497 13,714 (158 ) 13,556 1986/NA 2015 3-40 years The Springs of Napa IL Napa CA 15,408 987 12,095 478 49 987 12,100 521 13,608 (159 ) 13,449 1996/NA 2015 3-40 years Quincy Place IL Denver CO 16,435 1,523 18,665 737 43 1,523 18,671 774 20,968 (245 ) 20,723 1996/NA 2015 3-40 years Augustine Landing IL Jacksonville FL 19,076 1,459 17,875 707 44 1,459 17,881 744 20,084 (236 ) 19,848 1999/NA 2015 3-40 years Balmoral AL/MC Lake Placid FL 2,415 1,173 4,548 838 249 1,173 4,594 1,042 6,809 (810 ) 5,999 2007/NA 2013 3-40 years Barkley Place AL/MC Fort Myers FL 11,395 1,929 9,159 1,040 528 1,929 9,448 1,278 12,655 (955 ) 11,700 1988/NA 2013 3-40 years Bayside Terrace AL/MC Pinellas Park FL 7,740 1,407 9,481 849 860 1,407 9,926 1,265 12,598 (1,224 ) 11,374 1986/2007 2013 3-40 years Bradenton Oaks AL/MC Bradenton FL 5,250 1,161 9,207 748 633 1,161 9,501 1,087 11,749 (1,119 ) 10,630 1973/1988 2013 3-40 years Emerald Park AL/MC Hollywood FL 5,330 897 4,165 509 647 897 4,453 868 6,218 (734 ) 5,484 1998/NA 2013 3-40 years Forest Oaks AL/MC Spring Hill FL 7,218 786 5,614 530 167 786 5,657 655 7,098 (696 ) 6,402 1988/2006 2013 3-40 years Grace Manor AL/MC Port Orange FL 4,146 726 5,430 266 12 726 5,435 273 6,434 (138 ) 6,296 2011/NA 2015 3-40 years Lake Morton Plaza AL/MC Lakeland FL 8,772 1,098 14,707 918 352 1,098 14,836 1,141 17,075 (1,459 ) 15,616 1984/NA 2013 3-40 years Marion Woods IL Ocala FL 19,936 1,459 17,879 707 85 1,459 17,891 780 20,130 (239 ) 19,891 2003/NA 2015 3-40 years Renaissance AL/MC Sanford FL 5,361 1,390 8,900 630 571 1,390 9,317 784 11,491 (1,006 ) 10,485 1984/NA 2013 3-40 years Royal Palm AL/MC Port Charlotte FL 14,350 2,019 13,697 1,372 907 2,019 14,312 1,664 17,995 (1,685 ) 16,310 1985/NA 2013 3-40 years Spring Haven AL/MC Winter Haven FL 18,550 3,446 21,524 1,478 1,085 3,446 22,177 1,909 27,532 (2,304 ) 25,228 1984/NA 2013 3-40 years Spring Oaks AL/MC Brooksville FL 5,625 700 5,078 439 225 700 5,134 608 6,442 (642 ) 5,800 1988/NA 2013 3-40 years Sterling Court IL Deltona FL 9,365 1,095 13,960 954 45 1,095 13,978 982 16,055 (458 ) 15,597 2008/NA 2015 3-40 years Summerfield AL/MC Bradenton FL 12,435 1,367 14,361 1,248 846 1,367 14,509 1,945 17,821 (1,750 ) 16,071 1988/NA 2013 3-40 years Sunset Lake Village AL/MC Venice FL 10,055 1,073 13,254 838 320 1,073 13,316 1,096 15,485 (1,354 ) 14,131 1998/NA 2013 3-40 years The Grande AL/MC Brooksville FL 7,410 1,754 8,537 568 554 1,754 8,887 772 11,413 (949 ) 10,464 1960/2012 2013 3-40 years The Plaza at Pembroke AL/MC Hollywood FL 4,575 924 4,630 399 302 924 4,706 625 6,255 (599 ) 5,656 1988/2012 2013 3-40 years University Pines IL Pensacola FL 21,057 1,586 19,453 768 46 1,586 19,484 783 21,853 (256 ) 21,597 1996/NA 2015 3-40 years Venetian Gardens IL Venice FL 16,565 865 21,172 860 72 865 21,198 906 22,969 (590 ) 22,379 2007/NA 2015 3-40 years Village Place AL/MC Port Charlotte FL 8,365 1,064 8,503 680 435 1,064 8,571 1,047 10,682 (1,003 ) 9,679 1998/NA 2013 3-40 years Location Initial Cost to the Company Gross Amount Carried at Close of Period Property Name Type City State Encumbrances Land Buildings and Improvements Furniture, Fixtures and Equipment Costs Capitalized Subsequent to Acquisition Land Buildings and Improvements Furniture, Fixtures and Equipment Total (A) Accumulated Depreciation Net Book Value Year Constructed / Renovated Year Acquired Life on Which Depreciation in Income Statement is Computed Windward Palms IL Boynton Beach FL 16,805 1,564 20,096 867 84 1,564 20,122 925 22,611 (581 ) 22,030 2007/NA 2015 3-40 years Ivy Springs Manor AL/MC Buford GA 13,704 1,825 13,657 671 81 1,825 13,706 703 16,234 (352 ) 15,882 2012/NA 2015 3-40 years Pinegate IL Macon GA 12,902 888 10,817 430 69 888 10,838 478 12,204 (144 ) 12,060 2001/NA 2015 3-40 years Kalama Heights IL Kihei HI 22,896 2,220 27,321 1,075 42 2,220 27,336 1,102 30,658 (361 ) 30,297 2000/NA 2015 3-40 years Willow Park AL/MC Boise ID 14,454 1,456 13,548 58 389 1,456 13,744 251 15,451 (1,423 ) 14,028 1997/2011 2012 3-40 years Grandview AL/MC Peoria IL 11,500 1,606 12,015 280 7 1,606 12,016 286 13,908 (426 ) 13,482 2014 2014 3-40 years Redbud Hills IL Bloomington IN 16,500 1,523 18,641 737 51 1,523 18,652 777 20,952 (245 ) 20,707 1998/NA 2015 3-40 years Greenwood Terrace IL Lenexa KS 19,643 1,586 19,475 768 24 1,586 19,489 777 21,852 (256 ) 21,596 2003/NA 2015 3-40 years The Waterford IL Shreveport LA 6,530 1,267 4,070 376 382 1,267 4,286 542 6,095 (240 ) 5,855 1999/NA 2015 3-40 years Bluebird Estates IL East Longmeadow MA 22,085 5,745 24,591 954 45 5,745 24,611 979 31,335 (715 ) 30,620 2008/NA 2015 3-40 years Quail Run Estates IL Agawam MA 18,799 1,776 21,799 860 87 1,776 21,812 935 24,523 (291 ) 24,232 1996/NA 2015 3-40 years Ashford Court IL Westland MI 9,360 1,500 9,000 450 381 1,500 9,253 578 11,331 (718 ) 10,613 1988/1992/1997 2014 3-40 years Genesee Gardens IL Flint Township MI 15,900 1,332 16,290 645 29 1,332 16,300 664 18,296 (213 ) 18,083 2001/NA 2015 3-40 years The Heatherwood IL Southfield MI 3,920 462 2,707 251 390 462 2,788 561 3,811 (162 ) 3,649 1986/NA 2015 3-40 years The Gardens AL/MC Ocean Springs MS 6,185 850 7,034 460 238 850 7,137 595 8,582 (417 ) 8,165 1999/2004/2013 2014 3-40 years Aspen View IL Billings MT 14,110 1,713 21,026 827 49 1,713 21,042 860 23,615 (277 ) 23,338 1996/NA 2015 3-40 years Cedar Ridge IL Burlington NC 15,637 1,743 21,368 844 28 1,743 21,387 853 23,983 (279 ) 23,704 2006/NA 2015 3-40 years Courtyards at Berne Village AL/MC New Bern NC 19,970 1,657 12,892 1,148 610 1,657 13,077 1,572 16,306 (1,548 ) 14,758 1985/2004 2013 3-40 years Crescent Heights IL Concord NC 21,285 1,960 21,290 867 33 1,960 21,299 891 24,150 (606 ) 23,544 2008/NA 2015 3-40 years Independence Village IL Winston Salem NC 13,440 1,428 13,286 499 372 1,428 13,472 685 15,585 (447 ) 15,138 1989/NA 2015 3-40 years Lodge at Wake Forest IL Wake Forest NC 22,820 1,209 22,571 867 65 1,209 22,593 910 24,712 (605 ) 24,107 2008/NA 2015 3-40 years Shads Landing IL Charlotte NC 22,005 1,939 21,988 846 21 1,939 21,995 860 24,794 (642 ) 24,152 2008/NA 2015 3-40 years Woods at Holly Tree IL Wilmington NC 27,382 2,474 30,483 1,198 92 2,474 30,495 1,279 34,248 (408 ) 33,840 2001/NA 2015 3-40 years Rolling Hills Ranch IL Omaha NE 14,475 1,022 16,251 846 62 1,022 16,284 875 18,181 (490 ) 17,691 2007/NA 2015 3-40 years Kirkwood Corners AL/MC Lee NH 2,490 577 1,847 124 154 577 1,926 199 2,702 (178 ) 2,524 1996 2014 3-40 years Maple Suites IL Dover NH 25,205 1,084 30,944 838 50 1,084 30,966 865 32,915 (843 ) 32,072 2007/NA 2015 3-40 years Pine Rock Manor AL/MC Warner NH 8,175 780 8,580 378 258 780 8,742 474 9,996 (657 ) 9,339 1994 2014 3-40 years

SUMMARY OF SIGNIFICANT ACCOUN26

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying Consolidated Financial Statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP’’) with the instructions to Form 10-K and Article 10 of Regulation S-X. The Consolidated Financial Statements include the accounts of New Senior and its consolidated subsidiaries. All significant intercompany transactions and balances have been eliminated. New Senior consolidates those entities in which it has control over significant operating, financial and investing decisions of the entity. As of December 31, 2015 and 2014 , the Company did not have any investments in Variable Interest Entities (“VIEs”). VIEs are defined as entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. Prior to November 7, 2014, the Company was not operated as a stand-alone business from Newcastle. Information in the Consolidated Financial Statements for periods prior to November 7, 2014 has been prepared on a stand-alone basis from the consolidated financial statements and accounting records of Newcastle and does not necessarily reflect what New Senior’s consolidated results of operations, financial position and cash flows would have been had New Senior operated as an independent company prior to the spin-off. Management believes the assumptions and methods of allocation used in the accompanying Consolidated Financial Statements are reasonable. The Consolidated Financial Statements reflect all revenues, expenses and cash flows directly attributable to the Company. Certain expenses of Newcastle, comprised primarily of a portion of its management fee, acquisition and transaction costs and general and administrative costs, have been allocated to New Senior to the extent they were directly associated with the Company for periods prior to the spin-off. The portion of the management fee allocated to New Senior prior to the spin-off represents the product of the management fee rate payable by Newcastle of 1.5% and New Senior’s gross equity, which management believes is a reasonable method for allocating the cost of the services provided by the employees of the Manager to the Company. New Senior and Newcastle have not shared any costs subsequent to the spin-off. See Note 11 for details related to management agreement terms. Certain prior period amounts have been reclassified to conform to the current period’s presentation.
Use of Estimates	Use of Estimates Management is required to make estimates and assumptions when preparing financial statements in conformity with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the accompanying Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from management’s estimates.
Revenue Recognition	Revenue Recognition Resident Fees and Services - Resident fees and services include monthly rental revenue, care income and ancillary income recognized from the Managed Properties segment. Resident fees and services are recognized monthly as services are provided. Lease agreements with residents are cancelable by the resident with 30 days’ notice. Ancillary income primarily relates to non-refundable community fees. Non-refundable community fees are recognized on a straight-line basis over the average length of stay of residents, which management estimates to be approximately 24 months for AL/MC properties and approximately 33 months for IL-only properties. Rental Revenue - Rental revenue from the Triple Net Lease Properties segment is recognized on a straight-line basis over the applicable term of the lease when collectability is reasonably assured. Recognizing rental revenue on a straight-line basis typically results in recognizing revenue in excess of cash amounts contractually due from the Company’s tenants during the first half of the lease term, creating a straight-line rent receivable. As of December 31, 2015 and 2014 , straight-line rent receivables were $ 51,916 and $ 26,454 , respectively.
Acquisition Accounting	Acquisition Accounting The Company has determined that all of its acquisitions should be accounted for under the acquisition method. The accounting for acquisitions requires the identification and measurement of all acquired tangible and intangible assets and assumed liabilities at their respective fair values, as of the respective transaction dates. The determination of the fair value of net assets acquired involves significant judgment and estimates, such as the Company's estimates of future cash flows based on a number of factors including property operating results, known and anticipated trends, as well as market and economic conditions. In measuring the fair value of tangible and identified intangible assets acquired and liabilities assumed, management uses information obtained as a result of pre-acquisition due diligence, marketing, leasing activities and independent appraisals. In the case of buildings, the fair value of the tangible assets acquired is determined by valuing the property as if it were vacant. Significant estimates impacting the measurement at fair value of the Company's real property include construction cost data and qualitative selection of comparable market transactions as well as the assessment of the relative quality and condition of the acquired properties. Recognized intangible assets primarily include the fair value of in-place resident leases. The Company estimates the fair value of in-place leases as (i) the present value of the estimated rental revenue that would have been forgone, offset by variable costs that would have otherwise been incurred during a reasonable lease-up period, as if the acquired units were vacant and (ii) the estimated absorption costs, such as additional marketing costs that would have been incurred during the lease-up period. The acquisition fair value of the in-place lease intangibles is amortized over the average length of stay of the residents on a straight-line basis. Contingent consideration, if any, is measured at fair value on the date of acquisition. The fair value of the contingent consideration is remeasured at each reporting date with any change recorded in "Other expense (income)" in the Consolidated Statements of Operations. Acquisition and transaction expense includes costs related to completed and potential acquisitions and transactions and include advisory, legal, accounting, valuation and other professional or consulting fees. Integration expense includes costs directly related to the integration of acquired businesses such as lender mandated repairs, licensing, rebranding and training incurred in connection with the acquisition.
Real Estate Investments	Real Estate Investments Real estate investments are recorded at cost less accumulated depreciation or accumulated amortization. Depreciation is calculated on a straight-line basis using estimated remaining useful lives not to exceed 40 years for buildings, 3 to 10 years for building improvements and 3 to 5 years for other fixed assets. Amortization is calculated on a straight-line basis using estimated useful lives of 24 to 33 months and 5 to 13 years for in-place lease intangibles and other intangibles, respectively. Above/below market lease intangibles are generally amortized over a period of 15 to 17 years except for ground lease intangibles which are amortized over a period of 74 to 82 years.
Impairment of Long Lived Assets	Impairment of Long Lived Assets The Company periodically evaluates long-lived assets, including definite lived intangible assets, primarily consisting of the Company’s real estate investments, for impairment indicators. If indicators of impairment are present, the Company evaluates the carrying value of the related real estate investments in relation to the future undiscounted cash flows of the underlying operations. In performing this evaluation, market conditions and the Company’s current intentions with respect to holding or disposing of the asset are considered. If the sum of the expected future undiscounted cash flows is less than book value, the Company recognizes an impairment loss equal to the amount by which the asset’s carrying value exceeds its fair value. An impairment loss is recognized at the time any such determination is made.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and all highly liquid short term investments with maturities of 90 days or less, when purchased.
Deferred Financing Costs	Deferred Financing Costs The Company amortizes deferred financing costs as a component of interest expense over the terms of the related borrowings using the effective interest rate method. Deferred financing costs are presented as a direct deduction from the carrying amount of the related debt liability.
Receivables and Other Assets	Collectability of Straight-line Rent Receivables, Receivables and Other Assets, Net Receivables and other assets, net consists primarily of escrows held by lenders and resident receivables, net of allowance and prepaid expenses. The Company assesses the collectability of rent receivables, including straight-line rent receivables, on an ongoing basis. This assessment is based on several qualitative and quantitative factors, including and as appropriate, resident and triple net lease payment history, the financial strength of the resident and of guarantors, the value of the underlying collateral or deposit, if any, and current economic conditions. If the evaluation of these factors indicates it is probable that the Company will not be able to recover the full value of the receivable, the Company provides a specific reserve against the portion of the receivable that the Company estimates may not be recovered.
Deferred Revenue	Deferred Revenue Deferred revenue primarily includes non-refundable community fees received by the Company when residents move in. Deferred revenue amounts are amortized into income on a straight-line basis over the average length of stay of the resident, and are included within "Accrued expenses and other liabilities" in the Consolidated Balance Sheets.
Income Taxes	Income Taxes New Senior is organized and conducts its operations to qualify as a REIT under the requirements of the Internal Revenue Code of 1986, as amended (“Code”). Requirements for qualification as a REIT include various restrictions on ownership of stock, requirements concerning distribution of taxable income and certain restrictions on the nature of assets and sources of income. A REIT must distribute at least 90% of its taxable income to its stockholders of which 85% plus any undistributed amounts from the prior year must be distributed within the taxable year in order to avoid the imposition of an excise tax. Distribution of the remaining balance may extend until timely filing of New Senior’s tax return in the subsequent taxable year. Qualifying distributions of taxable income are deductible by a REIT in computing taxable income. Certain activities are conducted through a taxable REIT subsidiary (“TRS”) and therefore are subject to federal and state income taxes. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases upon the change in tax status. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period of the enactment date. New Senior recognizes tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Consolidated Statements of Operations. As of December 31, 2015 and 2014 , the Company had no uncertain tax positions. The Company’s Consolidated Financial Statements have been prepared based upon the operations of the Company separate from those of Newcastle and include current and deferred income taxes calculated in accordance with the operations of the spin-off.
Fair Value Measurement	Fair Value Measurement Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy, which is described below, prioritizes the inputs used by the Company in measuring fair value: • Level 1 - Quoted prices for identical instruments in active markets. • Level 2 - Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets. • Level 3 - Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
Derivative Instruments	Derivative Instruments In the normal course of business, the Company may use derivative instruments to manage, or hedge, interest rate risk. The Company does not use derivative instruments for trading or speculative purposes. The Company recognizes all derivatives as either assets or liabilities at fair value and they are recorded in "Receivables and other assets, net" or "Accrued expenses and other liabilities," respectively, in the Consolidated Balance Sheets. The valuation of derivatives requires the Company to make estimates and judgments that affect the fair value of the instruments. The Company estimates the fair value of derivatives based on pricing models that consider level 2 inputs including forward yield curves, cap strike rates, cap volatility and discount rates. The Company does not apply hedge accounting and fair value adjustments, if any, are recorded in "Other expense (income)" in the Consolidated Statements of Operations. The Company has exposure to counterparty credit risk for its derivative transactions. Credit risk represents the potential for loss due to the default of a counterparty. The Company performs due diligence including reviewing the counterparty's credit quality prior to entering into derivative transactions. As of December 31, 2015 , the Company's outstanding derivatives were executed with investment grade counterparties.
Stock Options	Stock Options Options granted to New Senior’s directors are measured at fair value at the grant date with the related expense recognized over the service term, if any.
Equity	Equity Net loss incurred prior to the spin-off is included in additional paid-in capital instead of accumulated deficit since the accumulation of deficit began as of the date of spin-off from Newcastle.
Management Fee to Affiliate	Management Fee to Affiliate – During the period prior to the spin-off from Newcastle, this represents an amount of the management fee charged to Newcastle by the Manager and allocated to the Company. During the period after the spin-off, this represents amounts due to the Manager pursuant to the Management Agreement between the Manager and New Senior (as defined in Note 11).
Advertising Costs	Advertising Costs – The Company expenses advertising costs as incurred.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") and the International Accounting Standards Board ("IASB") issued Accounting Standards Update ("ASU") 2014-09 Revenues from Contracts with Customers (Topic 606) . The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under today’s guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. In August 2015, the FASB issued ASU 2015-14 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date which defers the effective date by one year. The effective date of this standard will be for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted beginning after December 15, 2016. Entities have the option of using either a full retrospective or a modified approach to adopt the guidance in the ASU. The Company is currently evaluating the new guidance to determine the impact it may have on its Consolidated Financial Statements. In February 2015, the FASB issued ASU 2015-02 which amends the consolidation guidance in ASC 810. The standard eliminates the deferral of FAS 167, per ASC 810-10-65-2(a), that has allowed certain investment funds to follow the previous consolidation guidance in FIN 46 (R). The standard changes whether (1) fees paid to a decision maker or service provider represent a variable interest, (2) a limited partnership or similar entity has the characteristics of a VIE and (3) a reporting entity is the primary beneficiary of a VIE. This ASU is effective in the first quarter of 2016 and adoption is not expected to have an impact on the Company's Consolidated Financial Statements. In April 2015, the FASB issued ASU 2015-03 Simplifying the Presentation of Debt Issuance Costs . The standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The effective date of the standard is for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 and early adoption is permitted. The Company early adopted the provisions of this ASU in the first quarter of 2015 and it requires retrospective application to all prior periods. Accordingly, "Mortgage notes payable, net" is reported net of deferred financing costs of $ 37,435 and $ 36,206 as of December 31, 2015 and 2014 , respectively, in the Consolidated Balance Sheets. In September 2015, the FASB issued ASU 2015-16 Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments . This standard eliminates the requirement for an acquirer in a business combination to account for measurement period adjustments retrospectively. Instead, acquirers must recognize measurement-period adjustments during the period in which they determine the amounts, including the effect on earnings of any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The effective date of the standard is for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, and early adoption is permitted. The Company does not expect adoption of this ASU to have a material impact on its Consolidated Financial Statements. In January 2016, the FASB issued ASU 2016-01 Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities . The standard addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company is currently evaluating the new guidance to determine the impact it may have on its Consolidated Financial Statements. In February 2016, the FASB issued ASU 2016-02 Leases . This standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, and early adoption is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently evaluating the new guidance to determine the impact it may have on its Consolidated Financial Statements. The FASB has recently issued or discussed a number of proposed standards on such topics as financial statement presentation, leases, financial instruments and hedging. Some of these proposed changes are significant and could have a material impact on New Senior's Consolidated Financial Statements. The Company has not yet fully evaluated the potential impact of all these proposals, but will make such an evaluation as the standards are finalized.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Fair Value of Identifiable Assets Acquired and Liabilities Assumed	The following table summarizes the acquisition date fair value of identifiable assets acquired and liabilities assumed in connection with the acquisitions completed in the years ended December 31, 2015 and 2014 , in accordance with the acquisition method of accounting: 2015 Acquisitions 2014 Acquisitions Managed Properties Triple Net Lease Total Managed Properties (C) Triple Net Lease Properties Total Real estate investments $ 1,073,826 $ 67,070 $ 1,140,896 $ 116,674 $ 143,869 $ 260,543 In-place lease intangibles 124,233 6,081 130,314 15,301 39,894 55,195 Above/below market lease intangibles — — — — 819 819 Liabilities, net of other assets (3,305 ) (1,352 ) (4,657 ) (70 ) (1,552 ) (1,622 ) Total consideration 1,194,754 71,799 1,266,553 131,905 183,030 314,935 Mortgage notes payable (A) 863,815 52,000 915,815 80,144 115,000 195,144 Net assets $ 330,939 $ 19,799 $ 350,738 $ 51,761 $ 68,030 $ 119,791 Total acquisition-related expenses (B) $ 4,616 $ 1,828 $ 6,444 $ 2,105 $ 993 $ 3,098 (A) Represents new debt issued in connection with the acquisitions. (B) Included in "Acquisition, transaction and integration expense" in the Consolidated Statements of Operations. (C) Includes $50 for the fair value of earn-out consideration. The earn-out is limited to $750 as per the agreement.
Effect of Acquisitions on Revenues and Pre-tax Net Income (Loss)	The following table illustrates the pro forma effect of the acquisitions completed during the years ended December 31, 2015 and 2014 on revenues and pre-tax net loss as if they had been consummated as of January 1, 2014: Year Ended December 31, 2015 2014 Revenues $ 463,755 $ 446,421 Pre-tax net loss $ 108,782 $ 104,913

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	Year Ended December 31, 2015 Year Ended December 31, 2014 Year Ended December 31, 2013 Triple Net Lease Properties Managed Properties Consolidated Triple Net Lease Properties Managed Properties Consolidated Triple Net Lease Properties Managed Properties Consolidated Revenues Resident fees and services $ — $ 277,324 $ 277,324 $ — $ 156,993 $ 156,993 $ — $ 83,218 $ 83,218 Rental revenue 111,154 — 111,154 97,992 — 97,992 1,918 — 1,918 Less: Property operating expense — 189,543 189,543 — 112,242 112,242 — 59,726 59,726 Segment NOI $ 111,154 $ 87,781 $ 198,935 $ 97,992 $ 44,751 $ 142,743 $ 1,918 $ 23,492 $ 25,410 Depreciation and amortization 160,318 103,279 26,933 Interest expense 75,021 57,026 10,589 Acquisition, transaction and integration expense 13,444 14,295 13,294 Management fee to affiliate 14,279 8,470 1,796 General and administrative expense 15,233 7,416 2,188 Loss on extinguishment of debt 5,091 — — Other expense (income) 1,629 (1,500 ) — Income tax (benefit) expense (3,655 ) 160 656 Net loss $ (82,425 ) $ (46,403 ) $ (30,046 ) Property operating expense includes property management fees and travel reimbursement costs. The Company also reimbursed the Property Managers for property-level payroll expenses. See Note 11 for additional information on these expenses related to Blue Harbor and Holiday. Assets by reportable business segment are reconciled to total assets as follows: December 31, 2015 December 31, 2014 Assets: Amount Percentage Amount Percentage Triple Net Lease Properties $ 1,196,578 39.7 % $ 1,175,690 59.8 % Managed Properties 1,744,540 57.8 % 598,193 30.4 % All Other Assets (A) 76,341 2.5 % 192,276 9.8 % Total Assets $ 3,017,459 100.0 % $ 1,966,159 100.0 % (A) Primarily consists of corporate cash which is not directly attributable to the Company's reportable business segments.
Revenue from External Customers by Geographic Areas	The following table presents the percentage of total revenues by geographic location: Year Ended December 31, 2015 Year Ended December 31, 2014 Number of Communities % of Revenue Number of Communities % of Revenue Florida 26 20.9 % 19 25.3 % Texas 19 13.5 % 16 12.9 % California 12 9.3 % 5 8.3 % Pennsylvania 7 6.3 % 5 7.4 % North Carolina 9 5.7 % 3 3.7 % Oregon 10 5.5 % 8 7.3 % Utah 6 5.2 % 5 6.5 % Other 65 33.6 % 39 28.6 % Total 154 100.0 % 100 100.0 %

REAL ESTATE INVESTMENTS (Tables

REAL ESTATE INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Real Estate Investments	December 31, 2015 December 31, 2014 Gross Carrying Amount Accumulated Depreciation Net Carrying Value Gross Carrying Amount Accumulated Depreciation Net Carrying Value Land $ 222,795 $ — $ 222,795 $ 138,799 $ — $ 138,799 Building and improvements 2,455,170 (97,485 ) 2,357,685 1,434,200 (43,164 ) 1,391,036 Furniture, fixtures and equipment 112,963 (32,303 ) 80,660 65,930 (13,824 ) 52,106 Total $ 2,790,928 $ (129,788 ) $ 2,661,140 $ 1,638,929 $ (56,988 ) $ 1,581,941
Real Estate Intangibles	The following table summarizes the Company’s real estate intangibles: December 31, 2015 December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Amortization Period Above/below market lease intangibles, net $ 5,868 $ (361 ) $ 5,507 52.8 years $ 5,868 $ (167 ) $ 5,701 52.1 years In-place lease intangibles 297,253 (164,772 ) 132,481 2.6 years 166,951 (77,889 ) 89,062 2.3 years Other intangibles 5,796 (1,581 ) 4,215 9.4 years 5,796 (965 ) 4,831 9.6 years Total intangibles $ 308,917 $ (166,714 ) $ 142,203 $ 178,615 $ (79,021 ) $ 99,594
Estimated Future Amortization of Intangible Assets	Estimated future amortization of intangible assets is as follows: Years Ending December 31 2016 $ 80,575 2017 45,753 2018 8,396 2019 503 2020 503 Thereafter 6,473 Total $ 142,203

RECEIVABLES AND OTHER ASSETS,30

RECEIVABLES AND OTHER ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Receivables and Other Assets, Net	December 31, 2015 December 31, 2014 Escrows held by lenders (A) $ 19,694 $ 10,768 Other receivables 2,996 5,845 Prepaid expenses 4,828 3,217 Resident receivables, net 2,594 3,162 Deferred tax assets 8,757 4,672 Security deposits 2,932 1,225 Income tax receivable 1,920 1,870 Interest rate caps 283 — Other assets 1,315 1,034 Total $ 45,319 $ 31,793 (A) Escrows held by lenders represent amounts deposited in tax, insurance, and replacement reserve escrow accounts that are related to mortgage notes collateralized by New Senior's properties.
Allowance for Doubtful Accounts and Related Provision for Resident Receivables	he following table summarizes the allowance for doubtful accounts and the related provision for resident receivables: Year Ended December 31, 2015 2014 2013 Balance, beginning of period $ 190 $ 303 $ 9 Provision for bad debt 2,105 922 314 Write-offs, net of recoveries (1,786 ) (1,035 ) (20 ) Balance, end of period $ 509 $ 190 $ 303

DEFERRED FINANCING COSTS (Table

DEFERRED FINANCING COSTS (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Finance Costs [Abstract]
Deferred Financing Costs	The deferred financing costs summarized in the following table are presented as a reduction to "Mortgage notes payable, net" in the Consolidated Balance Sheets. December 31, 2015 December 31, 2014 Gross carrying amount $ 54,910 $ 45,569 Accumulated amortization (17,475 ) (9,363 ) Total $ 37,435 $ 36,206

MORTGAGE NOTES PAYABLE, NET (Ta

MORTGAGE NOTES PAYABLE, NET (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Mortgage Notes Payable	December 31, 2015 December 31, 2014 Outstanding Face Amount Carrying Value (A) Final Stated Maturity Stated Interest Rate Weighted Average Maturity (Years) Outstanding Face Amount Carrying Value (A) Managed Properties Fixed Rate (B) $ 607,437 $ 603,460 Dec 2018 - Sep 2025 3.65% to 6.76% 8.2 $ 156,763 $ 154,696 Floating Rate (C) 731,318 723,554 Oct 2020 - May 2022 1M LIBOR + 2.20% to 1M LIBOR + 2.70% 6.2 278,424 275,689 Triple Net Lease Properties Fixed Rate (D) 695,984 673,732 Jan 2021 - Jan 2024 3.83% to 8.00% 6.5 708,383 679,333 Floating Rate (E) 152,000 150,571 Oct 2017 - Apr 2018 3M LIBOR + 3.00% to 3M LIBOR +3.25% 2.0 115,000 113,506 Total $ 2,186,739 $ 2,151,317 6.6 $ 1,258,570 $ 1,223,224 (A) The totals are reported net of deferred financing costs of $ 37,435 and $ 36,206 as of December 31, 2015 and 2014 , respectively. (B) In August 2015, the Company obtained new mortgage financing of $ 464,680 to partially fund an acquisition of a portfolio of 28 IL-only properties. The financing carries a fixed rate of 4.25% and matures in September 2025. (C) All of these loans have LIBOR caps that range between 3.30% and 3.80% as of December 31, 2015 . (D) Includes loans with an outstanding face amount of $ 350,403 and $ 306,844 , as of December 31, 2015 , for which the Company bought down the interest rates to 4.00% and 3.83% , respectively, through January 2019. The interest rates will increase to 4.99% and 4.56% , respectively, thereafter. (E) In August 2015, the Company completed a partial payoff of $ 15,000 for a floating rate loan.
Contractual Maturities of Mortgage Notes Payable	The Company’s mortgage notes payable have contractual maturities as follows: 2016 $ 16,240 2017 127,312 2018 114,826 2019 128,593 2020 66,124 Thereafter 1,733,644 Total $ 2,186,739

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents information related to the Company's outstanding interest rate caps: December 31, 2015 Outstanding notional amount $ 731,318 LIBOR cap range 3.30% to 3.80% LIBOR cap effective date range March 2015 to September 2020 Fair value $ 283

ACCRUED EXPENSES AND OTHER LI34

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	December 31, 2015 December 31, 2014 Security deposits payable $ 54,669 $ 50,917 Accounts payable 9,552 6,058 Mortgage interest payable 6,415 3,651 Deferred community fees, net 4,450 3,113 Rent collected in advance 3,937 2,530 Property tax payable 2,564 1,627 Contingent consideration — 50 Other liabilities 7,586 4,295 Total $ 89,173 $ 72,241

TRANSACTIONS WITH AFFILIATES TR

TRANSACTIONS WITH AFFILIATES TRANSACTIONS WITH AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table summarizes property management fees and reimbursements paid by the Company to Property Managers affiliated with Fortress: Year Ended December 31, 2015 2014 2013 Property management fees $ 16,167 $ 9,327 $ 4,976 Travel reimbursement costs 369 318 181 Property-level payroll expenses $ 85,477 $ 58,017 $ 32,520

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Provision for Income Taxes	The following table presents the (benefit) provision for income taxes: Year Ended December 31, 2015 2014 2013 Current Federal $ 26 $ (925 ) $ 437 State and local 84 170 93 Total current provision 110 (755 ) 530 Deferred Federal (3,576 ) 907 116 State and local (189 ) 8 10 Total deferred provision (3,765 ) 915 126 Total (benefit) provision for income taxes $ (3,655 ) $ 160 $ 656
Reconciliation of Statutory to Effective Tax Rate	The table below provides a reconciliation of the Company’s provision for income taxes, based on the statutory rate of 35% , to the effective tax rate. Year Ended December 31, 2015 2014 2013 Statutory U.S. federal income tax rate 35.00 % 35.00 % 35.00 % Non-taxable REIT (loss) (30.87 )% (35.03 )% (36.90 )% State and local taxes 0.16 % (0.29 )% (0.24 )% Other (0.06 )% (0.03 )% (0.09 )% Effective income tax rate 4.23 % (0.35 )% (2.23 )%
Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and deferred tax liabilities are presented below: December 31, 2015 2014 2013 Deferred tax assets: Depreciation and amortization $ — $ 837 $ — Prepaid fees and rent 1,976 2,091 1,156 Net operating loss 5,175 1,724 — Deferred rent 2,063 — — Tax credits 26 — — Other 70 20 23 Total deferred tax assets 9,310 4,672 1,179 Less valuation allowance — — — Net deferred tax assets 9,310 4,672 1,179 Deferred tax liabilities: Depreciation and amortization 553 — 853 Deferred revenues — — — Total deferred tax liabilities 553 — 853 Total net deferred tax assets $ 8,757 $ 4,672 $ 326

EQUITY AND EARNINGS PER SHARE (

EQUITY AND EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Summary of Outstanding Options	The Company's outstanding options are summarized as follows: December 31, 2014 Exercised Expired / Forfeited Issued December 31, 2015 Held by the Manager 4,991,752 — (17,555 ) 2,011,409 6,985,606 Issued to the Manager and subsequently transferred to certain of the Manager’s employees 508,847 (174,991 ) (37,777 ) — 296,079 Issued to the independent directors 20,000 — — — 20,000 Total 5,520,599 (174,991 ) (55,332 ) 2,011,409 7,301,685 The following table summarizes the Company's outstanding options as of December 31, 2015 . The last sale price on the NYSE for the Company's common stock in the year ended December 31, 2015 was $ 9.86 per share. Recipient Date of Grant / Exercise (A) Number of Options Options Exercisable Weighted Average Exercise Price (B) Intrinsic Value (millions) Manager (C) 2004 - 2007 227,073 144,661 $ 56.10 $ — Manager March 2011 182,527 182,527 7.18 0.5 Manager September 2011 283,305 283,305 4.09 1.6 Manager (C) April 2012 311,191 257,660 7.66 0.7 Manager (C) May 2012 377,495 312,026 8.75 0.4 Manager (C) July 2012 416,522 346,343 8.71 0.5 Manager (C) January 2013 958,331 958,331 14.42 — Manager (C) February 2013 383,331 383,331 16.85 — Manager (C) June 2013 670,829 670,829 17.89 — Manager (C) November 2013 965,847 804,873 19.23 — Manager August 2014 765,416 408,222 20.89 — Directors November 2014 20,000 8,666 17.21 — Manager June 2015 2,011,409 402,282 $ 13.75 $ — Total 7,573,276 5,163,056 Less: Exercised options 2014 14,188 N/A $ 8.41 N/A Exercised options 2015 174,991 N/A 8.43 N/A Expired options 2004 - 2005 82,412 N/A 58.55 N/A Total outstanding options 7,301,685 5,163,056 $ 15.50 (A) Options expire on the tenth anniversary from date of grant. (B) The strike prices are subject to adjustment in connection with return of capital dividends. (C) The Manager assigned certain of its options to Fortress’s employees as follows: Date of Grant Range of Strike Prices Total Unexercised Inception to Date Min Max 2004 - 2007 $ 53.26 $ 60.92 29,422 2012 7.66 8.75 — 2013 $ 14.42 $ 19.23 266,657 Total 296,079

CONCENTRATION OF CREDIT RISK (T

CONCENTRATION OF CREDIT RISK (Tables)	12 Months Ended
	Dec. 31, 2015
Risks and Uncertainties [Abstract]
Schedules of Concentration of Risk	The following table presents the properties managed by Holiday and Blue Harbor as a percentage of segment real estate investments, segment revenue and segment NOI: As of and for the year ended December 31, 2015 2014 2013 Holiday Blue Harbor Holiday Blue Harbor Holiday Blue Harbor Segment Real Estate Investments 77.9 % 17.5 % 44.2 % 53.0 % 52.8 % 47.2 % Segment Revenue 57.7 % 38.8 % 45.4 % 54.4 % 29.6 % 70.4 % Segment NOI 62.2 % 34.4 % 41.8 % 57.9 % 23.3 % 76.7 % The following graphs present the Company's managed properties and triple net lease properties as a percentage of the Company's real estate investments (based on their carrying amount): The following table presents lease agreements with the tenant for the Holiday Portfolios as a percentage of the Company's total revenue and segment NOI: Year Ended December 31, 2015 2014 2013 Total Revenue 23.0 % 35.0 % 2.3 % Segment NOI 45.0 % 62.5 % 7.8 %

FUTURE MINIMUM RENTS (Tables)

FUTURE MINIMUM RENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Future Contracted Minimum Rental Revenue	The following table sets forth future contracted minimum rental receipts from tenants within the Triple Net Lease Properties segment, excluding contingent payment escalations, as of December 31, 2015 : Years Ending December 31 2016 $ 91,286 2017 95,216 2018 98,457 2019 101,700 2020 105,052 Thereafter 1,234,647 Total $ 1,726,358

QUARTERLY FINANCIAL INFORMATI40

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Summarized Unaudited Quarterly Financial Data	2015 Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 Revenue $ 73,860 $ 91,200 $ 104,985 $ 118,433 $ 388,478 Net operating income 39,589 48,376 53,225 57,745 198,935 Loss before income taxes (21,348 ) (21,061 ) (18,337 ) (25,334 ) (86,080 ) Income tax (benefit) expense (95 ) 129 (378 ) (3,311 ) (3,655 ) Net loss $ (21,253 ) $ (21,190 ) $ (17,959 ) $ (22,023 ) $ (82,425 ) Loss per share of common stock Basic and diluted $ (0.32 ) $ (0.32 ) $ (0.21 ) $ (0.26 ) $ (1.08 ) Weighted average number of shares of common stock outstanding Basic and diluted 66,415,415 66,857,483 86,533,384 86,271,022 76,601,161 2014 Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 Revenue $ 57,835 $ 59,623 $ 67,145 $ 70,382 $ 254,985 Net operating income 32,276 33,427 38,369 38,671 142,743 Loss before income taxes (10,578 ) (10,403 ) (10,801 ) (14,461 ) (46,243 ) Income tax (benefit) expense 360 627 350 (1,177 ) 160 Net loss $ (10,938 ) $ (11,030 ) $ (11,151 ) $ (13,284 ) $ (46,403 ) Loss per share of common stock Basic and diluted $ (0.16 ) $ (0.17 ) $ (0.17 ) $ (0.20 ) $ (0.70 ) Weighted average number of shares of common stock outstanding Basic and diluted 66,399,857 66,399,857 66,399,857 66,404,051 66,400,914

ORGANIZATION (Details)

ORGANIZATION (Details)	12 Months Ended
	Dec. 31, 2015segmentstateProperty
Real Estate Properties [Line Items]
Number of senior housing properties	154
Number of states in which investments are located | state	37
Number of reportable segments | segment	2
Independent Living Properties
Real Estate Properties [Line Items]
Number of senior housing properties	28
Managed Properties
Real Estate Properties [Line Items]
Number of senior housing properties	96
Managed Properties | Independent Living Properties
Real Estate Properties [Line Items]
Number of senior housing properties	53
Managed Properties | Assisted Living/Memory Care Properties
Real Estate Properties [Line Items]
Number of senior housing properties	43
Holiday
Real Estate Properties [Line Items]
Extension period after initial term of Property Management Agreements	1 year
Holiday | Minimum
Real Estate Properties [Line Items]
Initial term of Property Management Agreements	5 years
Percentage of property's gross revenues paid as property management fees (in hundredths)	5.00%
Holiday | Maximum
Real Estate Properties [Line Items]
Initial term of Property Management Agreements	10 years
Percentage of property's gross revenues paid as property management fees (in hundredths)	7.00%
Property Managers
Real Estate Properties [Line Items]
Extension period after initial term of Property Management Agreements	1 year
Property Managers | Minimum
Real Estate Properties [Line Items]
Initial term of Property Management Agreements	5 years
Percentage of property's gross revenues paid as property management fees (in hundredths)	3.00%
Property Managers | Maximum
Real Estate Properties [Line Items]
Initial term of Property Management Agreements	10 years
Percentage of property's gross revenues paid as property management fees (in hundredths)	7.00%
Triple Net Lease
Real Estate Properties [Line Items]
Number of senior housing properties	58
Triple Net Lease | Minimum
Real Estate Properties [Line Items]
Term of lease agreements	15 years
Rent increase percentage in lease agreements (in hundredths)	2.50%
Triple Net Lease | Maximum
Real Estate Properties [Line Items]
Term of lease agreements	17 years
Rent increase percentage in lease agreements (in hundredths)	4.50%
Triple Net Lease | Independent Living Properties
Real Estate Properties [Line Items]
Number of senior housing properties	52
Triple Net Lease | Continuing Care Retirement Communities
Real Estate Properties [Line Items]
Number of senior housing properties	5
Triple Net Lease | Assisted Living/Memory Care Properties
Real Estate Properties [Line Items]
Number of senior housing properties	1

SUMMARY OF SIGNIFICANT ACCOUN42

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Basis of Presentation [Abstract]
Management fee rate payable by Newcastle (in hundredths)	1.50%
Revenue Recognition [Abstract]
Notice period to cancel lease agreements	30 days
Rent receivables	$ 51,916	$ 26,454
Expense Recognition [Abstract]
Advertising costs	1,758	495	$ 336
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Deferred Finance Costs, Net	$ 37,435	$ 36,206
Buildings
Real Estate Investments [Abstract]
Estimated remaining useful life	40 years
Building Improvements | Minimum
Real Estate Investments [Abstract]
Estimated remaining useful life	3 years
Building Improvements | Maximum
Real Estate Investments [Abstract]
Estimated remaining useful life	10 years
Other Fixed Assets | Minimum
Real Estate Investments [Abstract]
Estimated remaining useful life	3 years
Other Fixed Assets | Maximum
Real Estate Investments [Abstract]
Estimated remaining useful life	5 years
Assisted Living/Memory Care Properties
Revenue Recognition [Abstract]
Average length of stay of residents	24 months
Independent Living Properties
Revenue Recognition [Abstract]
Average length of stay of residents	33 months
In-place lease intangibles
Real Estate Investments [Abstract]
Estimated useful life	2 years 7 months 18 days	2 years 3 months 18 days
In-place lease intangibles | Minimum
Real Estate Investments [Abstract]
Estimated useful life	24 months
In-place lease intangibles | Maximum
Real Estate Investments [Abstract]
Estimated useful life	33 months
Other intangibles
Real Estate Investments [Abstract]
Estimated useful life	9 years 5 months 6 days	9 years 7 months 6 days
Other intangibles | Minimum
Real Estate Investments [Abstract]
Estimated useful life	5 years
Other intangibles | Maximum
Real Estate Investments [Abstract]
Estimated useful life	13 years
Above/Below Market Intangibles | Minimum
Real Estate Investments [Abstract]
Estimated useful life	15 years
Above/Below Market Intangibles | Maximum
Real Estate Investments [Abstract]
Estimated useful life	17 years
Ground Lease Intangibles | Minimum
Real Estate Investments [Abstract]
Estimated useful life	74 years
Ground Lease Intangibles | Maximum
Real Estate Investments [Abstract]
Estimated useful life	82 years

ACQUISITIONS (Details)

ACQUISITIONS (Details)	2 Months Ended	3 Months Ended								10 Months Ended	12 Months Ended
	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)Property	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Nov. 06, 2014USD ($)	Dec. 31, 2015USD ($)portfolioProperty	Dec. 31, 2014USD ($)portfolioProperty	Dec. 31, 2013USD ($)
Properties acquired [Abstract]
Payments for deposits on real estate											$ 1,000,000
Debt issued in connection with the acquisitions											915,815,000
Resident fees and services revenue											277,324,000	$ 156,993,000	$ 83,218,000
Rental revenue											111,154,000	97,992,000	1,918,000
Net loss	$ (9,439,000)	$ (22,023,000)	$ (17,959,000)	$ (21,190,000)	$ (21,253,000)	$ (13,284,000)	$ (11,151,000)	$ (11,030,000)	$ (10,938,000)	$ (36,964,000)	$ (82,425,000)	(46,403,000)	(30,046,000)
Number of senior housing properties | Property		154									154
Adjustments to provisional amounts [Abstract]
Decrease in real estate investments											$ 192,000
Increase in in-place lease intangibles											$ 523,000
Independent Living Properties
Properties acquired [Abstract]
Number of senior housing properties | Property		28									28
Managed Properties
Properties acquired [Abstract]
Number of senior housing properties | Property		96									96
Managed Properties | Assisted Living/Memory Care Properties
Properties acquired [Abstract]
Number of senior housing properties | Property		43									43
Managed Properties | Independent Living Properties
Properties acquired [Abstract]
Number of senior housing properties | Property		53									53
Triple Net Lease
Properties acquired [Abstract]
Number of senior housing properties | Property		58									58
Triple Net Lease | Holiday
Properties acquired [Abstract]
Rental revenue											$ 67,957,000	$ 65,031,000	$ 1,399,000
Triple Net Lease | Assisted Living/Memory Care Properties
Properties acquired [Abstract]
Number of senior housing properties | Property		1									1
Triple Net Lease | Independent Living Properties
Properties acquired [Abstract]
Number of senior housing properties | Property		52									52
Triple Net Lease | Continuing Care Retirement Communities
Properties acquired [Abstract]
Number of senior housing properties | Property		5									5
Acquisitions
Properties acquired [Abstract]
Number of portfolios acquired | portfolio											6	8
Number of properties acquired | Property											54	16
Payments for deposits on real estate											$ 10,355,000	$ 4,855,000
Resident fees and services revenue											95,375,000
Rental revenue											4,185,000
Net loss											28,205,000
Fair value of identifiable assets acquired and liabilities assumed [Abstract]
Real estate investments	260,543,000	$ 1,140,896,000				260,543,000					1,140,896,000	260,543,000
In-place lease intangibles	55,195,000	130,314,000				55,195,000					130,314,000	55,195,000
Above/below market lease intangibles	819,000	0				819,000					0	819,000
Liabilities, net of other assets	(1,622,000)	(4,657,000)				(1,622,000)					(4,657,000)	(1,622,000)
Total consideration	314,935,000	1,266,553,000				314,935,000					1,266,553,000	314,935,000
Mortgage notes payable	(195,144,000)	(915,815,000)				(195,144,000)					(915,815,000)	(195,144,000)
Net assets	119,791,000	350,738,000				119,791,000					350,738,000	119,791,000
Total acquisition related expenses	3,098,000	$ 6,444,000				3,098,000					6,444,000	3,098,000
Adjustments to provisional amounts [Abstract]
Increase in other liabilities											331,000
Effect of acquisitions on revenues and pre-tax net income [Abstract]
Revenues											463,755,000	446,421,000
Pre-tax net loss											$ 108,782,000	$ 104,913,000
Acquisitions | Holiday
Properties acquired [Abstract]
Number of senior housing properties | Property		47									47
Acquisitions | Thrive
Properties acquired [Abstract]
Number of senior housing properties | Property		4									4
Acquisitions | Blue Harbor
Properties acquired [Abstract]
Number of senior housing properties | Property		2									2
Acquisitions | Managed Properties
Properties acquired [Abstract]
Number of properties acquired | Property											53	10
Fair value of identifiable assets acquired and liabilities assumed [Abstract]
Real estate investments	116,674,000	$ 1,073,826,000				116,674,000					$ 1,073,826,000	$ 116,674,000
In-place lease intangibles	15,301,000	124,233,000				15,301,000					124,233,000	15,301,000
Above/below market lease intangibles	0	0				0					0	0
Liabilities, net of other assets	(70,000)	(3,305,000)				(70,000)					(3,305,000)	(70,000)
Total consideration	131,905,000	1,194,754,000				131,905,000					1,194,754,000	131,905,000
Mortgage notes payable	(80,144,000)	(863,815,000)				(80,144,000)					(863,815,000)	(80,144,000)
Net assets	51,761,000	330,939,000				51,761,000					330,939,000	51,761,000
Total acquisition related expenses	2,105,000	4,616,000				2,105,000					$ 4,616,000	2,105,000
Fair value of an earn-out consideration												50,000
Maximum limit of earn-out consideration												$ 750,000
Acquisitions | Managed Properties | Assisted Living/Memory Care Properties
Properties acquired [Abstract]
Number of properties acquired | Property											4	9
Acquisitions | Managed Properties | Independent Living Properties
Properties acquired [Abstract]
Number of properties acquired | Property											49	1
Acquisitions | Triple Net Lease
Properties acquired [Abstract]
Number of properties acquired | Property												6
Fair value of identifiable assets acquired and liabilities assumed [Abstract]
Real estate investments	143,869,000	67,070,000				143,869,000					$ 67,070,000	$ 143,869,000
In-place lease intangibles	39,894,000	6,081,000				39,894,000					6,081,000	39,894,000
Above/below market lease intangibles	819,000	0				819,000					0	819,000
Liabilities, net of other assets	(1,552,000)	(1,352,000)				(1,552,000)					(1,352,000)	(1,552,000)
Total consideration	183,030,000	71,799,000				183,030,000					71,799,000	183,030,000
Mortgage notes payable	(115,000,000)	(52,000,000)				(115,000,000)					(52,000,000)	(115,000,000)
Net assets	68,030,000	19,799,000				68,030,000					19,799,000	68,030,000
Total acquisition related expenses	$ 993,000	$ 1,828,000				$ 993,000					$ 1,828,000	$ 993,000
Acquisitions | Triple Net Lease | Assisted Living/Memory Care Properties
Properties acquired [Abstract]
Number of properties acquired | Property												1
Acquisitions | Triple Net Lease | Independent Living Properties
Properties acquired [Abstract]
Number of properties acquired | Property												1
Acquisitions | Triple Net Lease | Continuing Care Retirement Communities
Properties acquired [Abstract]
Number of properties acquired | Property												4

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) $ in Thousands	2 Months Ended	3 Months Ended								10 Months Ended	12 Months Ended
	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Nov. 06, 2014USD ($)	Dec. 31, 2015USD ($)segmentcommunity	Dec. 31, 2014USD ($)community	Dec. 31, 2013USD ($)
Segment Reporting [Abstract]
Number of reportable business segments | segment											2
Revenues [Abstract]
Resident fees and services											$ 277,324	$ 156,993	$ 83,218
Rental revenue											111,154	97,992	1,918
Less: Property operating expense											189,543	112,242	59,726
Segment NOI		$ 57,745	$ 53,225	$ 48,376	$ 39,589	$ 38,671	$ 38,369	$ 33,427	$ 32,276		198,935	142,743	25,410
Depreciation and amortization											160,318	103,279	26,933
Interest expense											75,021	57,026	10,589
Acquisition, transaction, and integration expense											13,444	14,295	13,294
Management fee to affiliate											14,279	8,470	1,796
General and administrative expense											15,233	7,416	2,188
Loss on extinguishment of debt											5,091	0	0
Other expense (income)											1,629	(1,500)	0
Income tax (benefit) expense		(3,311)	(378)	129	(95)	(1,177)	350	627	360		(3,655)	160	656
Net Loss	$ (9,439)	(22,023)	$ (17,959)	$ (21,190)	$ (21,253)	(13,284)	$ (11,151)	$ (11,030)	$ (10,938)	$ (36,964)	(82,425)	(46,403)	(30,046)
Assets	$ 1,966,159	$ 3,017,459				$ 1,966,159					$ 3,017,459	$ 1,966,159
Percentage of assets (in hundredths)	100.00%	100.00%				100.00%					100.00%	100.00%
Capital expenditures											$ 11,411	$ 8,538	3,502
Reportable Business Segment | Triple Net Lease
Revenues [Abstract]
Resident fees and services											0	0	0
Rental revenue											111,154	97,992	1,918
Less: Property operating expense											0	0	0
Segment NOI											111,154	97,992	1,918
Assets	$ 1,175,690	$ 1,196,578				$ 1,175,690					$ 1,196,578	$ 1,175,690
Percentage of assets (in hundredths)	59.80%	39.70%				59.80%					39.70%	59.80%
Reportable Business Segment | Managed Properties
Revenues [Abstract]
Resident fees and services											$ 277,324	$ 156,993	83,218
Rental revenue											0	0	0
Less: Property operating expense											189,543	112,242	59,726
Segment NOI											87,781	44,751	$ 23,492
Assets	$ 598,193	$ 1,744,540				$ 598,193					$ 1,744,540	$ 598,193
Percentage of assets (in hundredths)	30.40%	57.80%				30.40%					57.80%	30.40%
Reportable Business Segment | All Other Assets
Revenues [Abstract]
Assets	$ 192,276	$ 76,341				$ 192,276					$ 76,341	$ 192,276
Percentage of assets (in hundredths)	9.80%	2.50%				9.80%					2.50%	9.80%
Customer Concentration Risk | Segment Revenue | Tenant for Holiday Portfolios
Major Customers [Abstract]
Percentage of total revenues (in hundredths)											23.00%	35.00%
Geographic Concentration Risk | Segment Revenue
Major Customers [Abstract]
Number of Communities | community											154	100
Percentage of total revenues (in hundredths)											100.00%	100.00%
Geographic Concentration Risk | Segment Revenue | Florida
Major Customers [Abstract]
Number of Communities | community											26	19
Percentage of total revenues (in hundredths)											20.90%	25.30%
Geographic Concentration Risk | Segment Revenue | Texas
Major Customers [Abstract]
Number of Communities | community											19	16
Percentage of total revenues (in hundredths)											13.50%	12.90%
Geographic Concentration Risk | Segment Revenue | California
Major Customers [Abstract]
Number of Communities | community											12	5
Percentage of total revenues (in hundredths)											9.30%	8.30%
Geographic Concentration Risk | Segment Revenue | Pennsylvania
Major Customers [Abstract]
Number of Communities | community											7	5
Percentage of total revenues (in hundredths)											6.30%	7.40%
Geographic Concentration Risk | Segment Revenue | North Carolina
Major Customers [Abstract]
Number of Communities | community											9	3
Percentage of total revenues (in hundredths)											5.70%	3.70%
Geographic Concentration Risk | Segment Revenue | Oregon
Major Customers [Abstract]
Number of Communities | community											10	8
Percentage of total revenues (in hundredths)											5.50%	7.30%
Geographic Concentration Risk | Segment Revenue | Utah
Major Customers [Abstract]
Number of Communities | community											6	5
Percentage of total revenues (in hundredths)											5.20%	6.50%
Geographic Concentration Risk | Segment Revenue | Other
Major Customers [Abstract]
Number of Communities | community											65	39
Percentage of total revenues (in hundredths)											33.60%	28.60%

REAL ESTATE INVESTMENTS (Detail

REAL ESTATE INVESTMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Gross Carrying Amount [Abstract]
Gross Carrying Amount	$ 2,790,928	$ 1,638,929
Accumulated Depreciation	(129,788)	(56,988)
Net real estate property	2,661,140	1,581,941
Depreciation expense	72,767	46,622	$ 8,984
Loss on disposal of assets	(33)
Real Estate Intangibles [Abstract]
Gross Carrying Amount	308,917	178,615
Accumulated amortization	(166,714)	(79,021)
Net real estate intangibles	142,203	99,594
Amortization expense	87,551	56,657	17,949
Rental Revenue
Real Estate Intangibles [Abstract]
Accretion of below market leases	142	119	$ 3
Land
Gross Carrying Amount [Abstract]
Gross Carrying Amount	222,795	138,799
Accumulated Depreciation	0	0
Net real estate property	222,795	138,799
Building and improvements
Gross Carrying Amount [Abstract]
Gross Carrying Amount	2,455,170	1,434,200
Accumulated Depreciation	(97,485)	(43,164)
Net real estate property	2,357,685	1,391,036
Furniture, fixtures and equipment
Gross Carrying Amount [Abstract]
Gross Carrying Amount	112,963	65,930
Accumulated Depreciation	(32,303)	(13,824)
Net real estate property	80,660	52,106
Above/below market lease intangibles, net
Real Estate Intangibles [Abstract]
Gross Carrying Amount	5,868	5,868
Accumulated amortization	(361)	(167)
Net real estate intangibles	$ 5,507	$ 5,701
Weighted Average Amortization Period	52 years 9 months 6 days	52 years 1 month 6 days
In-place lease intangibles
Real Estate Intangibles [Abstract]
Gross Carrying Amount	$ 297,253	$ 166,951
Accumulated amortization	(164,772)	(77,889)
Net real estate intangibles	$ 132,481	$ 89,062
Weighted Average Amortization Period	2 years 7 months 18 days	2 years 3 months 18 days
Other intangibles
Real Estate Intangibles [Abstract]
Gross Carrying Amount	$ 5,796	$ 5,796
Accumulated amortization	(1,581)	(965)
Net real estate intangibles	$ 4,215	$ 4,831
Weighted Average Amortization Period	9 years 5 months 6 days	9 years 7 months 6 days

REAL ESTATE INVESTMENTS - Estim

REAL ESTATE INVESTMENTS - Estimated Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2,016	$ 80,575
2,017	45,753
2,018	8,396
2,019	503
2,020	503
Thereafter	6,473
Net real estate intangibles	$ 142,203	$ 99,594

RECEIVABLES AND OTHER ASSETS,47

RECEIVABLES AND OTHER ASSETS, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Receivables and Other Assets [Abstract]
Escrows held by lenders	$ 19,694	$ 10,768
Other receivables	2,996	5,845
Prepaid expenses	4,828	3,217
Resident receivables, net	2,594	3,162
Deferred tax assets	8,757	4,672	$ 326
Security deposits	2,932	1,225
Income tax receivable	1,920	1,870
Interest rate caps	283	0
Other assets	1,315	1,034
Total	45,319	31,793
Allowance for Doubtful Accounts [Roll Forward]
Balance, beginning of period	190	303	9
Provision for bad debt	2,105	922	314
Write-offs, net of recoveries	(1,786)	(1,035)	(20)
Balance, end of period	$ 509	$ 190	$ 303

DEFERRED FINANCING COSTS (Detai

DEFERRED FINANCING COSTS (Details) - USD ($) $ in Thousands	1 Months Ended
	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Deferred Finance Costs [Abstract]
Gross carrying amount		$ 54,910	$ 45,569
Accumulated amortization		(17,475)	(9,363)
Total		$ 37,435	$ 36,206
Write off of Deferred Debt Issuance Cost	$ 1,208

MORTGAGE NOTES PAYABLE, NET (De

MORTGAGE NOTES PAYABLE, NET (Details) $ in Thousands	Aug. 31, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Mortgage Notes Payable [Abstract]
Deferred Finance Costs, Net			$ 37,435	$ 36,206
Number of senior housing properties | Property			154
Loss on extinguishment of debt			$ 5,091	0	$ 0
Contractual Maturities [Abstract]
2,016			16,240
2,017			127,312
2,018			114,826
2,019			128,593
2,020			66,124
Thereafter			1,733,644
Total			2,186,739
Mortgage Notes Payable
Mortgage Notes Payable [Abstract]
Refinanced mortgage loans		$ 297,030
Loss on extinguishment of debt		$ 5,091
Mortgage Notes Payable | Level 3
Contractual Maturities [Abstract]
Fair value of mortgage notes payable			2,217,464	1,283,109
Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Carrying value of collateral			1,679,646	1,130,582
Mortgage Notes Payable | Floating Rate
Mortgage Notes Payable [Abstract]
Carrying value of collateral			$ 1,122,960	524,996
Managed Properties
Mortgage Notes Payable [Abstract]
Number of senior housing properties | Property			96
Managed Properties | Mortgage Notes Payable | LIBOR | Minimum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)			3.30%
Managed Properties | Mortgage Notes Payable | LIBOR | Maximum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)			3.80%
Managed Properties | Mortgage Notes Payable | Mortgage Loans, Outstanding Face Amount of $40,247 | Debt Instrument, Redemption, Period Through July 2015
Mortgage Notes Payable [Abstract]
Outstanding Face Amount	$ 464,680
Stated interest rate (in hundredths)			4.25%
Managed Properties | Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount			$ 607,437	156,763
Carrying value			$ 603,460	154,696
Stated interest rate, minimum (in hundredths)			3.65%
Stated interest rate, maximum (in hundredths)			6.76%
Weighted Average Maturity (Years)			8 years 2 months 6 days
Managed Properties | Mortgage Notes Payable | Floating Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount			$ 731,318	278,424
Carrying value			$ 723,554	275,689
Weighted Average Maturity (Years)			6 years 2 months 6 days
Managed Properties | Mortgage Notes Payable | Floating Rate | LIBOR | Minimum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)			2.20%
Managed Properties | Mortgage Notes Payable | Floating Rate | LIBOR | Maximum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)			2.70%
Triple Net Lease
Mortgage Notes Payable [Abstract]
Number of senior housing properties | Property			58
Triple Net Lease | Mortgage Notes Payable
Mortgage Notes Payable [Abstract]
Outstanding Face Amount			$ 2,186,739	1,258,570
Carrying value			$ 2,151,317	1,223,224
Weighted Average Maturity (Years)			6 years 6 months 20 days
Triple Net Lease | Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount			$ 695,984	708,383
Carrying value			$ 673,732	679,333
Stated interest rate, minimum (in hundredths)			3.83%
Stated interest rate, maximum (in hundredths)			8.00%
Weighted Average Maturity (Years)			6 years 6 months 6 days
Triple Net Lease | Mortgage Notes Payable | Floating Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount			$ 152,000	115,000
Carrying value			$ 150,571	$ 113,506
Weighted Average Maturity (Years)			2 years
Repayments of Debt	$ 15,000
Triple Net Lease | Mortgage Notes Payable | Floating Rate | LIBOR | Minimum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)			3.00%
Triple Net Lease | Mortgage Notes Payable | Floating Rate | LIBOR | Maximum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)			3.25%
Independent Living Properties
Mortgage Notes Payable [Abstract]
Number of senior housing properties | Property			28
Independent Living Properties | Managed Properties
Mortgage Notes Payable [Abstract]
Number of senior housing properties | Property			53
Independent Living Properties | Triple Net Lease
Mortgage Notes Payable [Abstract]
Number of senior housing properties | Property			52
Mortgage Loans, Face Amounts of 356,818 | Triple Net Lease | Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount			$ 350,403
Stated interest rate, minimum (in hundredths)			4.00%
Stated interest rate, maximum (in hundredths)			4.99%
Mortgage Loans, Face Amounts of 312,157 | Triple Net Lease | Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount			$ 306,844
Stated interest rate, minimum (in hundredths)			3.83%
Stated interest rate, maximum (in hundredths)			4.56%

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Derivative [Line Items]
Outstanding notional amount	$ 731,318
Fair value	$ 283
LIBOR | Minimum
Derivative [Line Items]
LIBOR cap range	3.30%
LIBOR | Maximum
Derivative [Line Items]
LIBOR cap range	3.80%
Interest Rate Cap
Derivative [Line Items]
Derivative gain (loss), net	$ (964)

ACCRUED EXPENSES AND OTHER LI51

ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts Payable and Accrued Liabilities [Abstract]
Security deposits payable	$ 54,669	$ 50,917
Accounts payable	9,552	6,058
Mortgage interest payable	6,415	3,651
Deferred community fees, net	4,450	3,113
Rent collected in advance	3,937	2,530
Property tax payable	2,564	1,627
Contingent consideration	0	50
Other liabilities	7,586	4,295
Accrued expenses and other liabilities	$ 89,173	$ 72,241

TRANSACTIONS WITH AFFILIATES (D

TRANSACTIONS WITH AFFILIATES (Details) - USD ($)	2 Months Ended	10 Months Ended	12 Months Ended
	Dec. 31, 2014	Nov. 06, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Management and Lease Agreements [Abstract]
Management fee rate payable by Newcastle (in hundredths)			1.50%
Management fee to affiliate			$ 14,279,000	$ 8,470,000	$ 1,796,000
Due to affiliates	$ 6,882,000		9,644,000	6,882,000
Property management fees			16,167,000	9,327,000	4,976,000
Travel reimbursement costs			369,000	318,000	181,000
Property-level payroll expenses			85,477,000	58,017,000	32,520,000
Rental revenue			$ 111,154,000	97,992,000	1,918,000
Newcastle
Management and Lease Agreements [Abstract]
Management fee to affiliate		$ 6,610,000			1,796,000
Manager
Management and Lease Agreements [Abstract]
Management fee rate payable by Newcastle (in hundredths)			1.50%
Management fee to affiliate	$ 1,860,000		$ 14,279,000
Percentage used in calculation of annual incentive compensation paid to Manager (in hundredths)	25.00%
Interest rate used in calculation of annual incentive compensation paid to Manager (in hundredths)	10.00%
Manager incentive compensation	$ 0		0
Reimbursement to manger for other tasks and services under the management agreement	1,551,000		9,680,000
Due to affiliates	1,030,000		$ 1,349,000	1,030,000
Managed Properties | Property Managers
Management and Lease Agreements [Abstract]
Extension period after initial term of Property Management Agreements			1 year
Managed Properties | Blue Harbor and Holiday | Independent Living Properties
Management and Lease Agreements [Abstract]
Percentage of property's effective gross income paid as property management fees (in hundredths)			5.00%
Managed Properties | Blue Harbor and Holiday | Assisted Living/Memory Care Properties
Management and Lease Agreements [Abstract]
Percentage of property's gross income paid as property management fees for first two years (in hundredths)			6.00%
Percentage of property's gross income paid as property management fees thereafter (in hundredths)			7.00%
Triple Net Lease | Holiday
Management and Lease Agreements [Abstract]
Rental revenue			$ 67,957,000	65,031,000	$ 1,399,000
General and Administrative Expense | Manager
Management and Lease Agreements [Abstract]
Reimbursement to manger for other tasks and services under the management agreement	822,000		6,607,000
Acquisition, Transaction and Integration Expense | Manager
Management and Lease Agreements [Abstract]
Reimbursement to manger for other tasks and services under the management agreement	729,000		3,073,000
Property Management Fees Under Property Management Agreement | Property Managers
Management and Lease Agreements [Abstract]
Due to affiliates	765,000		1,689,000	765,000
Reimbursement of Property-Level Payroll Expenses Under Property Management Agreement | Manager
Management and Lease Agreements [Abstract]
Due to affiliates	943,000		1,518,000	943,000
Reimbursement of Property-Level Payroll Expenses Under Property Management Agreement | Property Managers
Management and Lease Agreements [Abstract]
Due to affiliates	$ 4,092,000		$ 5,088,000	$ 4,092,000
Minimum | Managed Properties | Property Managers
Management and Lease Agreements [Abstract]
Initial term of Property Management Agreements			5 years
Maximum | Managed Properties | Property Managers
Management and Lease Agreements [Abstract]
Initial term of Property Management Agreements			10 years
Employee Severance
Management and Lease Agreements [Abstract]
Restructuring Costs			$ 664,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current
Federal									$ 26	$ (925)	$ 437
State and local									84	170	93
Total current provision									110	(755)	530
Deferred
Federal									(3,576)	907	116
State and local									(189)	8	10
Total deferred provision									(3,765)	915	126
Total (benefit) provision for income taxes	$ (3,311)	$ (378)	$ 129	$ (95)	$ (1,177)	$ 350	$ 627	$ 360	$ (3,655)	$ 160	$ 656
Reconciliation of Statutory to Effective Tax Rate [Abstract]
Statutory U.S. federal income tax rate									35.00%	35.00%	35.00%
Non-taxable REIT (loss)									(30.87%)	(35.03%)	(36.90%)
State and local taxes									0.16%	(0.29%)	(0.24%)
Other									(0.06%)	(0.03%)	(0.09%)
Effective income tax rate									4.23%	(0.35%)	(2.23%)
Deferred tax assets:
Depreciation and amortization	0				837				$ 0	$ 837	$ 0
Prepaid fees and rent	1,976				2,091				1,976	2,091	1,156
Net operating loss	5,175				1,724				5,175	1,724	0
Deferred rent	2,063				0				2,063	0	0
Tax credits	26				0				26	0	0
Other	70				20				70	20	23
Total deferred tax assets	9,310				4,672				9,310	4,672	1,179
Less valuation allowance	0				0				0	0	0
Net deferred tax assets	9,310				4,672				9,310	4,672	1,179
Deferred tax liabilities:
Depreciation and amortization	553				0				553	0	853
Deferred revenues	0				0				0	0	0
Total deferred tax liabilities	553				0				553	0	853
Total net deferred tax assets	8,757				$ 4,672				8,757	$ 4,672	$ 326
Loss carryforwards for federal income tax purposes	$ 13,423								$ 13,423
Operating loss carryforwards, expiration date									Dec. 31, 2034

EQUITY AND EARNINGS PER SHARE E

EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Outstanding Options (Details) - Nonqualified Stock Option and Incentive Award Plan - Stock Options	12 Months Ended
	Dec. 31, 2015shares
Outstanding Options [Abstract]
December 31, 2014 (in shares)	5,520,599
Exercised (in shares)	(174,991)
Expired / Forfeited (in shares)	(55,332)
Issued (in shares)	2,011,409
December 31, 2015 (in shares)	7,301,685
Independent Directors
Outstanding Options [Abstract]
December 31, 2014 (in shares)	20,000
Exercised (in shares)	0
Expired / Forfeited (in shares)	0
Issued (in shares)	0
December 31, 2015 (in shares)	20,000
Manager
Outstanding Options [Abstract]
December 31, 2014 (in shares)	4,991,752
Exercised (in shares)	0
Expired / Forfeited (in shares)	(17,555)
Issued (in shares)	2,011,409
December 31, 2015 (in shares)	6,985,606
Manager's Employees
Outstanding Options [Abstract]
December 31, 2014 (in shares)	508,847
Exercised (in shares)	(174,991)
Expired / Forfeited (in shares)	(37,777)
Issued (in shares)	0
December 31, 2015 (in shares)	296,079

EQUITY AND EARNINGS PER SHARE55

EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Outstanding Options by Date of Grant (Details) - Stock Options - Nonqualified Stock Option and Incentive Award Plan - USD ($) $ / shares in Units, $ in Millions	Nov. 06, 2015	Jul. 16, 2015	Jun. 29, 2015	Nov. 05, 2015	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options					7,301,685	5,520,599
Options Exercisable					5,163,056
Exercised options					174,991
Weighted Average Exercise Price (in dollars per share)					$ 15.50
2,014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised options					14,188
Weighted Average Exercise Price (in dollars per share)					$ 8.41
2,015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised options					174,991
Weighted Average Exercise Price (in dollars per share)					$ 8.43
2004 - 2005
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expired options					82,412
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price					$ 58.55
Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					5,163,056
Exercised options	162,492
Weighted Average Exercise Price (in dollars per share)				$ 8.43
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					7,573,276
Manager | 2004 - 2007
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					144,661
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 56.10
Intrinsic Value (millions)					$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					227,073
Manager | March 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					182,527
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 7.18
Intrinsic Value (millions)					$ 0.5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					182,527
Manager | September 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					283,305
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 4.09
Intrinsic Value (millions)					$ 1.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					283,305
Manager | April 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					257,660
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 7.66
Intrinsic Value (millions)					$ 0.7
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					311,191
Manager | May 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					312,026
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 8.75
Intrinsic Value (millions)					$ 0.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					377,495
Manager | July 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					346,343
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 8.71
Intrinsic Value (millions)					$ 0.5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					416,522
Manager | January 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					958,331
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 14.42
Intrinsic Value (millions)					$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					958,331
Manager | February 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					383,331
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 16.85
Intrinsic Value (millions)					$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					383,331
Manager | June 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					670,829
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 17.89
Intrinsic Value (millions)					$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					670,829
Manager | November 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					804,873
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 19.23
Intrinsic Value (millions)					$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					965,847
Manager | August 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					408,222
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 20.89
Intrinsic Value (millions)					$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					765,416
Manager | November 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Exercisable					8,666
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 17.21
Intrinsic Value (millions)					$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					20,000
Manager | June 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options			2,011,409
Options Exercisable					402,282
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 13.75
Exercised options		12,499
Weighted Average Exercise Price (in dollars per share)			$ 13.75
Intrinsic Value (millions)					$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					2,011,409

EQUITY AND EARNINGS PER SHARE56

EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Outstanding Stock Optoins by Exercise Price Range (Details)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Range of Strike Prices [Abstract]
Total Unexercised Inception to Date | shares	296,079
2004 - 2007
Range of Strike Prices [Abstract]
Strike price, lower limit of range (in dollars per share)	$ 53.26
Strike price, upper limit of range (in dollars per share)	$ 60.92
Total Unexercised Inception to Date | shares	29,422
2,012
Range of Strike Prices [Abstract]
Strike price, lower limit of range (in dollars per share)	$ 7.66
Strike price, upper limit of range (in dollars per share)	$ 8.75
Total Unexercised Inception to Date | shares	0
2,013
Range of Strike Prices [Abstract]
Strike price, lower limit of range (in dollars per share)	$ 14.42
Strike price, upper limit of range (in dollars per share)	$ 19.23
Total Unexercised Inception to Date | shares	266,657

EQUITY AND EARNINGS PER SHARE57

EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Narrative (Details) - USD ($)	Nov. 06, 2015	Nov. 05, 2015	Jul. 16, 2015	Jun. 29, 2015	Dec. 31, 2015	Dec. 31, 2014	Nov. 05, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 17, 2015	Dec. 01, 2015	Nov. 07, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock, net (in shares)				20,114,090				20,114,090
Shares issued, price per share (in dollars per share)				$ 13.75
Proceeds from issuance of common stock and exercise of options				$ 266,513,000				$ 276,569,000	$ 142,000	$ 0
Dividends declared per share of common stock (in dollars per share)								$ 0.75	$ 0.23	$ 0
Stock repurchase program, authorized amount											$ 130,000,000	$ 100,000,000
Stock repurchase program, authorized amount, adjustment											$ 30,000,000
Repurchase of common stock (in shares)					1,112,000			1,112,000
Treasury stock acquired, average cost per share (in dollars per share)					$ 9.22
Repurchase of common stock					$ 10,273,000			$ 10,273,000	$ 0	$ 0
Common stock, shares outstanding (in shares)					85,447,551	66,415,415		85,447,551	66,415,415
Granted in period, fair value				$ 2,976,000
Risk free interest rate				2.51%
Expected dividend rate				8.16%
Expected volatility rate				21.32%
Expected term				10 years
Share price (in dollars per share)					$ 9.86			$ 9.86
Common stock, shares issued (in shares)					85,447,551	66,415,415		85,447,551	66,415,415				66,415,415
Dilutive common stock equivalents attributable to stock options (in shares)								0
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock, net (in shares)				101,817
Fortress Investment Group, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares outstanding (in shares)					1,556,115			1,556,115
Stock Options | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum amount available for repurchase					30,000,000			30,000,000
Term of plan								10 years
Percentage increase in number of common stock shares reserved for issuance (in hundredths)								10.00%
Maximum percentage of shares that can be issued to Manager in connection with capital raising efforts (in hundredths)								10.00%
Number of options converted in connection with spin-off (in shares)								5,500,000
Period used to calculate average closing price to set exercise price of options								5 days
Number of options (in shares)					7,301,685	5,520,599		7,301,685	5,520,599
Weighted Average Exercise Price (in dollars per share)								$ 15.50
Exercised options								174,991
Stock Options | Nonqualified Stock Option and Incentive Award Plan | Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted Average Exercise Price (in dollars per share)							$ 8.43
Exercised options	162,492
Forfeitures in period	137,081		7,864
Options forfeitures in period, weighted average exercise price (in dollars per share)		$ 9.99	$ 13.40
Minimum | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options expiry date								Jan. 12, 2015
Maximum | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options expiry date								Aug. 18, 2024
June 2015 | Stock Options | Nonqualified Stock Option and Incentive Award Plan | Manager
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)				2,011,409
Weighted Average Exercise Price (in dollars per share)				$ 13.75
Exercised options			12,499
Independent Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued to independent directors as compensation (in shares)						1,370
Independent Directors | Stock Options | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)					20,000	20,000		20,000	20,000
Exercised options								0
Equity Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities excluded from computation of earnings per share								635,624	162,563	0

CONCENTRATION OF CREDIT RISK (D

CONCENTRATION OF CREDIT RISK (Details)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013
Concentration of Credit Risk [Abstract]
Security deposit	$ 2,932,000	$ 1,225,000
Holiday | Real Estate Investment | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	46.80%	14.70%	16.80%
Holiday | Segment Real Estate Investments | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	77.90%	44.20%	52.80%
Holiday | Segment Revenue | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	57.70%	45.40%	29.60%
Holiday | Segment NOI | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	62.20%	41.80%	23.30%
Other | Real Estate Investment | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	2.80%	0.90%	0.00%
Triple Net Lease | Real Estate Investment | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	39.90%	66.80%	68.20%
Blue Harbor | Real Estate Investment | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	10.50%	17.60%	15.00%
Blue Harbor | Segment Real Estate Investments | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	17.50%	53.00%	47.20%
Blue Harbor | Segment Revenue | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	38.80%	54.40%	70.40%
Blue Harbor | Segment NOI | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	34.40%	57.90%	76.70%
Tenant for Holiday Portfolios
Concentration of Credit Risk [Abstract]
Security deposit	$ 43,354,000
Minimum net worth required by guarantor	$ 150,000,000
Minimum fixed coverage ratio	1.10
Maximum leverage ratio	10
Tenant for Holiday Portfolios | Triple Net Lease | Segment Revenue | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Concentration risk percentage (in hundredths)	23.00%	35.00%	2.30%
Tenant for Holiday Portfolios | Triple Net Lease | Segment NOI | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Concentration risk percentage (in hundredths)	45.00%	62.50%	7.80%

FUTURE MINIMUM RENTS (Details)

FUTURE MINIMUM RENTS (Details) $ in Thousands	Dec. 31, 2015USD ($)
Future Contracted Minimum Rental Revenue [Abstract]
2,016	$ 91,286
2,017	95,216
2,018	98,457
2,019	101,700
2,020	105,052
Thereafter	1,234,647
Total	$ 1,726,358

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Capital Improvement and Repair Commitments [Abstract]
Capital expenditures funded to date	$ 3,169	$ 3,530	$ 0
Capital Improvement Commitments [Member]
Capital Improvement and Repair Commitments [Abstract]
Capital expenditures funded to date	85
Capital Improvements to Properties Under Certain Lease Agreements
Capital Improvement and Repair Commitments [Abstract]
Capital improvements	$ 4,000
Lease period	15 years
Additional Capital Improvements to Properties Under Certain Lease Agreements
Capital Improvement and Repair Commitments [Abstract]
Capital improvements	$ 11,500
Life Care Services Portfolio | Triple Net Lease | Immediate Capital Improvements
Capital Improvement and Repair Commitments [Abstract]
Capital expenditures funded to date	$ 300
Watermark | Triple Net Lease
Capital Improvement and Repair Commitments [Abstract]
Lease period	15 years
Watermark | Triple Net Lease | Lender Mandated Repairs
Capital Improvement and Repair Commitments [Abstract]
Capital improvements	$ 1,000
Watermark | Triple Net Lease | Additional Capital Improvements
Capital Improvement and Repair Commitments [Abstract]
Capital improvements	$ 1,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Feb. 23, 2016	Jan. 19, 2016	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 17, 2015	Dec. 01, 2015
Subsequent Event [Line Items]
Stock repurchase program, authorized amount, adjustment							$ 30,000,000
Stock repurchase program, authorized amount							$ 130,000,000	$ 100,000,000
Repurchase of common stock			$ 10,273,000	$ 10,273,000	$ 0	$ 0
Repurchase of common stock (in shares)			1,112,000	1,112,000
Treasury stock acquired, average cost per share (in dollars per share)			$ 9.22
Dividends declared per share of common stock (in dollars per share)				$ 0.75	$ 0.23	$ 0
Subsequent Event
Subsequent Event [Line Items]
Repurchase of common stock		$ 30,783,000
Repurchase of common stock (in shares)		3,333,333
Treasury stock acquired, average cost per share (in dollars per share)		$ 9
Dividends declared per share of common stock (in dollars per share)	$ 0.26

QUARTERLY FINANCIAL INFORMATI62

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	3 Months Ended								10 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Nov. 06, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Tax Credit Carryforward [Line Items]
Additional amortization of acquired intangibles											$ 523
Summarized Quarterly Financial Data [Abstract]
Revenue		$ 118,433	$ 104,985	$ 91,200	$ 73,860	$ 70,382	$ 67,145	$ 59,623	$ 57,835		388,478	$ 254,985	$ 85,136
Net operating income		57,745	53,225	48,376	39,589	38,671	38,369	33,427	32,276		198,935	142,743	25,410
Loss before income taxes		(25,334)	(18,337)	(21,061)	(21,348)	(14,461)	(10,801)	(10,403)	(10,578)		(86,080)	(46,243)	(29,390)
Income tax (benefit) expense		(3,311)	(378)	129	(95)	(1,177)	350	627	360		(3,655)	160	656
Net Loss	$ (9,439)	$ (22,023)	$ (17,959)	$ (21,190)	$ (21,253)	$ (13,284)	$ (11,151)	$ (11,030)	$ (10,938)	$ (36,964)	$ (82,425)	$ (46,403)	$ (30,046)
Loss per share of common stock
Basic and diluted (in dollars per share)		$ (0.26)	$ (0.21)	$ (0.32)	$ (0.32)	$ (0.20)	$ (0.17)	$ (0.17)	$ (0.16)		$ (1.08)	$ (0.70)	$ (0.45)
Weighted average number of shares of common stock outstanding
Basic and diluted (in shares)		86,271,022	86,533,384	66,857,483	66,415,415	66,404,051	66,399,857	66,399,857	66,399,857		76,601,161	66,400,914	66,399,857
Year-End Adjustment [Member]
Tax Credit Carryforward [Line Items]
Out of period adjustments		$ (2,200)
Adjustments related to a tax benefit for deferred tax assets		2,200
Additional amortization of acquired intangibles		$ 1,800

SCHEDULE III, REAL ESTATE AND63

SCHEDULE III, REAL ESTATE AND ACCUMULATED DEPRECIATION, Real Estate and Accumulated Depreciation, by Property (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 2,186,739
Initial Cost to the Company
Land	222,795
Buildings and Improvements	2,443,404
Furniture, Fixtures and Equipment	101,032
Costs Capitalized Subsequent to Acquisition	23,697
Gross Amount Carried at Close of Period
Land	222,795
Buildings and Improvements	2,455,170
Furniture, Fixtures and Equipment	112,963
Total	2,790,928	$ 1,638,929	$ 1,373,428	$ 164,360
Accumulated Depreciation	(129,788)	$ (56,988)	$ (10,526)	$ (1,558)
Net Book Value	2,661,140
Federal income tax basis	2,790,000
Managed Properties | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	1,338,755
Initial Cost to the Company
Land	139,745
Buildings and Improvements	1,416,726
Furniture, Fixtures and Equipment	62,222
Costs Capitalized Subsequent to Acquisition	23,697
Gross Amount Carried at Close of Period
Land	139,745
Buildings and Improvements	1,428,491
Furniture, Fixtures and Equipment	74,154
Total	1,642,390
Accumulated Depreciation	(65,548)
Net Book Value	1,576,842
Managed Properties | Andover Place | Little Rock, AR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	13,995
Initial Cost to the Company
Land	1,142
Buildings and Improvements	13,964
Furniture, Fixtures and Equipment	553
Costs Capitalized Subsequent to Acquisition	80
Gross Amount Carried at Close of Period
Land	1,142
Buildings and Improvements	13,993
Furniture, Fixtures and Equipment	604
Total	15,739
Accumulated Depreciation	(185)
Net Book Value	$ 15,554
Year Acquired	2,015
Managed Properties | Andover Place | Little Rock, AR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Andover Place | Little Rock, AR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Desert Flower | Scottsdale, AZ | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 18,518
Initial Cost to the Company
Land	2,295
Buildings and Improvements	16,901
Furniture, Fixtures and Equipment	101
Costs Capitalized Subsequent to Acquisition	513
Gross Amount Carried at Close of Period
Land	2,295
Buildings and Improvements	17,231
Furniture, Fixtures and Equipment	284
Total	19,810
Accumulated Depreciation	(1,746)
Net Book Value	$ 18,064
Year Acquired	2,012
Managed Properties | Desert Flower | Scottsdale, AZ | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Desert Flower | Scottsdale, AZ | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Arcadia Place | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Arcadia Place | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Arcadia Place | Vista, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,575
Initial Cost to the Company
Land	1,114
Buildings and Improvements	13,595
Furniture, Fixtures and Equipment	539
Costs Capitalized Subsequent to Acquisition	59
Gross Amount Carried at Close of Period
Land	1,114
Buildings and Improvements	13,643
Furniture, Fixtures and Equipment	549
Total	15,306
Accumulated Depreciation	(177)
Net Book Value	$ 15,129
Year Acquired	2,015
Managed Properties | Chateau at Harveston | Temecula, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 25,275
Initial Cost to the Company
Land	1,564
Buildings and Improvements	27,532
Furniture, Fixtures and Equipment	838
Costs Capitalized Subsequent to Acquisition	25
Gross Amount Carried at Close of Period
Land	1,564
Buildings and Improvements	27,545
Furniture, Fixtures and Equipment	850
Total	29,959
Accumulated Depreciation	(667)
Net Book Value	$ 29,292
Year Acquired	2,015
Managed Properties | Chateau at Harveston | Temecula, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Chateau at Harveston | Temecula, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Golden Oaks | Yucaipa, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 22,735
Initial Cost to the Company
Land	772
Buildings and Improvements	24,989
Furniture, Fixtures and Equipment	867
Costs Capitalized Subsequent to Acquisition	30
Gross Amount Carried at Close of Period
Land	772
Buildings and Improvements	25,006
Furniture, Fixtures and Equipment	880
Total	26,658
Accumulated Depreciation	(650)
Net Book Value	$ 26,008
Year Acquired	2,015
Managed Properties | Golden Oaks | Yucaipa, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Golden Oaks | Yucaipa, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Orchard Park | Clovis, CA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 17,330
Initial Cost to the Company
Land	1,126
Buildings and Improvements	16,889
Furniture, Fixtures and Equipment	45
Costs Capitalized Subsequent to Acquisition	457
Gross Amount Carried at Close of Period
Land	1,126
Buildings and Improvements	17,140
Furniture, Fixtures and Equipment	251
Total	18,517
Accumulated Depreciation	(1,677)
Net Book Value	$ 16,840
Year Acquired	2,012
Managed Properties | Orchard Park | Clovis, CA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Orchard Park | Clovis, CA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Rancho Village | Palmdale, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 18,660
Initial Cost to the Company
Land	323
Buildings and Improvements	22,341
Furniture, Fixtures and Equipment	882
Costs Capitalized Subsequent to Acquisition	42
Gross Amount Carried at Close of Period
Land	323
Buildings and Improvements	22,364
Furniture, Fixtures and Equipment	902
Total	23,589
Accumulated Depreciation	(603)
Net Book Value	$ 22,986
Year Acquired	2,015
Managed Properties | Rancho Village | Palmdale, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Rancho Village | Palmdale, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Sun Oak | Citrus Heights, CA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 3,862
Initial Cost to the Company
Land	821
Buildings and Improvements	3,145
Furniture, Fixtures and Equipment	59
Costs Capitalized Subsequent to Acquisition	93
Gross Amount Carried at Close of Period
Land	821
Buildings and Improvements	3,192
Furniture, Fixtures and Equipment	105
Total	4,118
Accumulated Depreciation	(379)
Net Book Value	$ 3,739
Year Acquired	2,012
Managed Properties | Sun Oak | Citrus Heights, CA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Sun Oak | Citrus Heights, CA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Sunshine Villa | Santa Cruz, CA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 22,438
Initial Cost to the Company
Land	2,243
Buildings and Improvements	21,082
Furniture, Fixtures and Equipment	58
Costs Capitalized Subsequent to Acquisition	473
Gross Amount Carried at Close of Period
Land	2,243
Buildings and Improvements	21,350
Furniture, Fixtures and Equipment	262
Total	23,855
Accumulated Depreciation	(2,153)
Net Book Value	$ 21,702
Year Acquired	2,012
Managed Properties | Sunshine Villa | Santa Cruz, CA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Sunshine Villa | Santa Cruz, CA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Remington | Hanford, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,628
Initial Cost to the Company
Land	1,154
Buildings and Improvements	14,106
Furniture, Fixtures and Equipment	559
Costs Capitalized Subsequent to Acquisition	25
Gross Amount Carried at Close of Period
Land	1,154
Buildings and Improvements	14,112
Furniture, Fixtures and Equipment	579
Total	15,845
Accumulated Depreciation	(184)
Net Book Value	$ 15,661
Year Acquired	2,015
Managed Properties | The Remington | Hanford, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Remington | Hanford, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Springs of Escondido | Escondido, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,375
Initial Cost to the Company
Land	1,001
Buildings and Improvements	12,199
Furniture, Fixtures and Equipment	485
Costs Capitalized Subsequent to Acquisition	28
Gross Amount Carried at Close of Period
Land	1,001
Buildings and Improvements	12,216
Furniture, Fixtures and Equipment	497
Total	13,714
Accumulated Depreciation	(158)
Net Book Value	$ 13,556
Year Acquired	2,015
Managed Properties | The Springs of Escondido | Escondido, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Springs of Escondido | Escondido, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Springs of Napa | Napa, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,408
Initial Cost to the Company
Land	987
Buildings and Improvements	12,095
Furniture, Fixtures and Equipment	478
Costs Capitalized Subsequent to Acquisition	49
Gross Amount Carried at Close of Period
Land	987
Buildings and Improvements	12,100
Furniture, Fixtures and Equipment	521
Total	13,608
Accumulated Depreciation	(159)
Net Book Value	$ 13,449
Year Acquired	2,015
Managed Properties | The Springs of Napa | Napa, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Springs of Napa | Napa, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Quincy Place | Denver, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,435
Initial Cost to the Company
Land	1,523
Buildings and Improvements	18,665
Furniture, Fixtures and Equipment	737
Costs Capitalized Subsequent to Acquisition	43
Gross Amount Carried at Close of Period
Land	1,523
Buildings and Improvements	18,671
Furniture, Fixtures and Equipment	774
Total	20,968
Accumulated Depreciation	(245)
Net Book Value	$ 20,723
Year Acquired	2,015
Managed Properties | Quincy Place | Denver, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Quincy Place | Denver, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Augustine Landing | Jacksonville, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 19,076
Initial Cost to the Company
Land	1,459
Buildings and Improvements	17,875
Furniture, Fixtures and Equipment	707
Costs Capitalized Subsequent to Acquisition	44
Gross Amount Carried at Close of Period
Land	1,459
Buildings and Improvements	17,881
Furniture, Fixtures and Equipment	744
Total	20,084
Accumulated Depreciation	(236)
Net Book Value	$ 19,848
Year Acquired	2,015
Managed Properties | Augustine Landing | Jacksonville, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Augustine Landing | Jacksonville, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Balmoral | Lake Placid, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 2,415
Initial Cost to the Company
Land	1,173
Buildings and Improvements	4,548
Furniture, Fixtures and Equipment	838
Costs Capitalized Subsequent to Acquisition	249
Gross Amount Carried at Close of Period
Land	1,173
Buildings and Improvements	4,594
Furniture, Fixtures and Equipment	1,042
Total	6,809
Accumulated Depreciation	(810)
Net Book Value	$ 5,999
Year Acquired	2,013
Managed Properties | Balmoral | Lake Placid, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Balmoral | Lake Placid, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Barkley Place | Fort Myers, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,395
Initial Cost to the Company
Land	1,929
Buildings and Improvements	9,159
Furniture, Fixtures and Equipment	1,040
Costs Capitalized Subsequent to Acquisition	528
Gross Amount Carried at Close of Period
Land	1,929
Buildings and Improvements	9,448
Furniture, Fixtures and Equipment	1,278
Total	12,655
Accumulated Depreciation	(955)
Net Book Value	$ 11,700
Year Acquired	2,013
Managed Properties | Barkley Place | Fort Myers, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Barkley Place | Fort Myers, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Bayside Terrace | Pinellas Park, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 7,740
Initial Cost to the Company
Land	1,407
Buildings and Improvements	9,481
Furniture, Fixtures and Equipment	849
Costs Capitalized Subsequent to Acquisition	860
Gross Amount Carried at Close of Period
Land	1,407
Buildings and Improvements	9,926
Furniture, Fixtures and Equipment	1,265
Total	12,598
Accumulated Depreciation	(1,224)
Net Book Value	$ 11,374
Year Acquired	2,013
Managed Properties | Bayside Terrace | Pinellas Park, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Bayside Terrace | Pinellas Park, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Bradenton Oaks | Bradenton, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 5,250
Initial Cost to the Company
Land	1,161
Buildings and Improvements	9,207
Furniture, Fixtures and Equipment	748
Costs Capitalized Subsequent to Acquisition	633
Gross Amount Carried at Close of Period
Land	1,161
Buildings and Improvements	9,501
Furniture, Fixtures and Equipment	1,087
Total	11,749
Accumulated Depreciation	(1,119)
Net Book Value	$ 10,630
Year Acquired	2,013
Managed Properties | Bradenton Oaks | Bradenton, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Bradenton Oaks | Bradenton, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Emerald Park | Hollywood, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 5,330
Initial Cost to the Company
Land	897
Buildings and Improvements	4,165
Furniture, Fixtures and Equipment	509
Costs Capitalized Subsequent to Acquisition	647
Gross Amount Carried at Close of Period
Land	897
Buildings and Improvements	4,453
Furniture, Fixtures and Equipment	868
Total	6,218
Accumulated Depreciation	(734)
Net Book Value	$ 5,484
Year Acquired	2,013
Managed Properties | Emerald Park | Hollywood, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Emerald Park | Hollywood, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Forest Oaks | Spring Hill, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 7,218
Initial Cost to the Company
Land	786
Buildings and Improvements	5,614
Furniture, Fixtures and Equipment	530
Costs Capitalized Subsequent to Acquisition	167
Gross Amount Carried at Close of Period
Land	786
Buildings and Improvements	5,657
Furniture, Fixtures and Equipment	655
Total	7,098
Accumulated Depreciation	(696)
Net Book Value	$ 6,402
Year Acquired	2,013
Managed Properties | Forest Oaks | Spring Hill, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Forest Oaks | Spring Hill, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Grace Manor | Port Orange, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 4,146
Initial Cost to the Company
Land	726
Buildings and Improvements	5,430
Furniture, Fixtures and Equipment	266
Costs Capitalized Subsequent to Acquisition	12
Gross Amount Carried at Close of Period
Land	726
Buildings and Improvements	5,435
Furniture, Fixtures and Equipment	273
Total	6,434
Accumulated Depreciation	(138)
Net Book Value	$ 6,296
Year Acquired	2,015
Managed Properties | Grace Manor | Port Orange, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Grace Manor | Port Orange, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Lake Morton Plaza | Lakeland, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 8,772
Initial Cost to the Company
Land	1,098
Buildings and Improvements	14,707
Furniture, Fixtures and Equipment	918
Costs Capitalized Subsequent to Acquisition	352
Gross Amount Carried at Close of Period
Land	1,098
Buildings and Improvements	14,836
Furniture, Fixtures and Equipment	1,141
Total	17,075
Accumulated Depreciation	(1,459)
Net Book Value	$ 15,616
Year Acquired	2,013
Managed Properties | Lake Morton Plaza | Lakeland, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Lake Morton Plaza | Lakeland, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Marion Woods | Ocala, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 19,936
Initial Cost to the Company
Land	1,459
Buildings and Improvements	17,879
Furniture, Fixtures and Equipment	707
Costs Capitalized Subsequent to Acquisition	85
Gross Amount Carried at Close of Period
Land	1,459
Buildings and Improvements	17,891
Furniture, Fixtures and Equipment	780
Total	20,130
Accumulated Depreciation	(239)
Net Book Value	$ 19,891
Year Acquired	2,015
Managed Properties | Marion Woods | Ocala, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Marion Woods | Ocala, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Renaissance | Sanford, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 5,361
Initial Cost to the Company
Land	1,390
Buildings and Improvements	8,900
Furniture, Fixtures and Equipment	630
Costs Capitalized Subsequent to Acquisition	571
Gross Amount Carried at Close of Period
Land	1,390
Buildings and Improvements	9,317
Furniture, Fixtures and Equipment	784
Total	11,491
Accumulated Depreciation	(1,006)
Net Book Value	$ 10,485
Year Acquired	2,013
Managed Properties | Renaissance | Sanford, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Renaissance | Sanford, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Royal Palm | Port Charlotte, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,350
Initial Cost to the Company
Land	2,019
Buildings and Improvements	13,697
Furniture, Fixtures and Equipment	1,372
Costs Capitalized Subsequent to Acquisition	907
Gross Amount Carried at Close of Period
Land	2,019
Buildings and Improvements	14,312
Furniture, Fixtures and Equipment	1,664
Total	17,995
Accumulated Depreciation	(1,685)
Net Book Value	$ 16,310
Year Acquired	2,013
Managed Properties | Royal Palm | Port Charlotte, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Royal Palm | Port Charlotte, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Spring Haven | Winter Haven, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 18,550
Initial Cost to the Company
Land	3,446
Buildings and Improvements	21,524
Furniture, Fixtures and Equipment	1,478
Costs Capitalized Subsequent to Acquisition	1,085
Gross Amount Carried at Close of Period
Land	3,446
Buildings and Improvements	22,177
Furniture, Fixtures and Equipment	1,909
Total	27,532
Accumulated Depreciation	(2,304)
Net Book Value	$ 25,228
Year Acquired	2,013
Managed Properties | Spring Haven | Winter Haven, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Spring Haven | Winter Haven, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Spring Oaks | Brooksville, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 5,625
Initial Cost to the Company
Land	700
Buildings and Improvements	5,078
Furniture, Fixtures and Equipment	439
Costs Capitalized Subsequent to Acquisition	225
Gross Amount Carried at Close of Period
Land	700
Buildings and Improvements	5,134
Furniture, Fixtures and Equipment	608
Total	6,442
Accumulated Depreciation	(642)
Net Book Value	$ 5,800
Year Acquired	2,013
Managed Properties | Spring Oaks | Brooksville, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Spring Oaks | Brooksville, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Sterling Court | Deltona, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 9,365
Initial Cost to the Company
Land	1,095
Buildings and Improvements	13,960
Furniture, Fixtures and Equipment	954
Costs Capitalized Subsequent to Acquisition	45
Gross Amount Carried at Close of Period
Land	1,095
Buildings and Improvements	13,978
Furniture, Fixtures and Equipment	982
Total	16,055
Accumulated Depreciation	(458)
Net Book Value	$ 15,597
Year Acquired	2,015
Managed Properties | Sterling Court | Deltona, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Sterling Court | Deltona, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Summerfield | Bradenton, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 12,435
Initial Cost to the Company
Land	1,367
Buildings and Improvements	14,361
Furniture, Fixtures and Equipment	1,248
Costs Capitalized Subsequent to Acquisition	846
Gross Amount Carried at Close of Period
Land	1,367
Buildings and Improvements	14,509
Furniture, Fixtures and Equipment	1,945
Total	17,821
Accumulated Depreciation	(1,750)
Net Book Value	$ 16,071
Year Acquired	2,013
Managed Properties | Summerfield | Bradenton, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Summerfield | Bradenton, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Sunset Lake Village | Venice, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 10,055
Initial Cost to the Company
Land	1,073
Buildings and Improvements	13,254
Furniture, Fixtures and Equipment	838
Costs Capitalized Subsequent to Acquisition	320
Gross Amount Carried at Close of Period
Land	1,073
Buildings and Improvements	13,316
Furniture, Fixtures and Equipment	1,096
Total	15,485
Accumulated Depreciation	(1,354)
Net Book Value	$ 14,131
Year Acquired	2,013
Managed Properties | Sunset Lake Village | Venice, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Sunset Lake Village | Venice, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Grande | Brooksville, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 7,410
Initial Cost to the Company
Land	1,754
Buildings and Improvements	8,537
Furniture, Fixtures and Equipment	568
Costs Capitalized Subsequent to Acquisition	554
Gross Amount Carried at Close of Period
Land	1,754
Buildings and Improvements	8,887
Furniture, Fixtures and Equipment	772
Total	11,413
Accumulated Depreciation	(949)
Net Book Value	$ 10,464
Year Acquired	2,013
Managed Properties | The Grande | Brooksville, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Grande | Brooksville, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Plaza at Pembroke | Hollywood, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 4,575
Initial Cost to the Company
Land	924
Buildings and Improvements	4,630
Furniture, Fixtures and Equipment	399
Costs Capitalized Subsequent to Acquisition	302
Gross Amount Carried at Close of Period
Land	924
Buildings and Improvements	4,706
Furniture, Fixtures and Equipment	625
Total	6,255
Accumulated Depreciation	(599)
Net Book Value	$ 5,656
Year Acquired	2,013
Managed Properties | The Plaza at Pembroke | Hollywood, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Plaza at Pembroke | Hollywood, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | University Pines | Pensacola, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 21,057
Initial Cost to the Company
Land	1,586
Buildings and Improvements	19,453
Furniture, Fixtures and Equipment	768
Costs Capitalized Subsequent to Acquisition	46
Gross Amount Carried at Close of Period
Land	1,586
Buildings and Improvements	19,484
Furniture, Fixtures and Equipment	783
Total	21,853
Accumulated Depreciation	(256)
Net Book Value	$ 21,597
Year Acquired	2,015
Managed Properties | University Pines | Pensacola, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | University Pines | Pensacola, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Venetian Gardens | Venice, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,565
Initial Cost to the Company
Land	865
Buildings and Improvements	21,172
Furniture, Fixtures and Equipment	860
Costs Capitalized Subsequent to Acquisition	72
Gross Amount Carried at Close of Period
Land	865
Buildings and Improvements	21,198
Furniture, Fixtures and Equipment	906
Total	22,969
Accumulated Depreciation	(590)
Net Book Value	$ 22,379
Year Acquired	2,015
Managed Properties | Venetian Gardens | Venice, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Venetian Gardens | Venice, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Village Place | Port Charles, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 8,365
Initial Cost to the Company
Land	1,064
Buildings and Improvements	8,503
Furniture, Fixtures and Equipment	680
Costs Capitalized Subsequent to Acquisition	435
Gross Amount Carried at Close of Period
Land	1,064
Buildings and Improvements	8,571
Furniture, Fixtures and Equipment	1,047
Total	10,682
Accumulated Depreciation	(1,003)
Net Book Value	$ 9,679
Year Acquired	2,013
Managed Properties | Village Place | Port Charles, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Village Place | Port Charles, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Windward Palms | Boynton Beach, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,805
Initial Cost to the Company
Land	1,564
Buildings and Improvements	20,096
Furniture, Fixtures and Equipment	867
Costs Capitalized Subsequent to Acquisition	84
Gross Amount Carried at Close of Period
Land	1,564
Buildings and Improvements	20,122
Furniture, Fixtures and Equipment	925
Total	22,611
Accumulated Depreciation	(581)
Net Book Value	$ 22,030
Year Acquired	2,015
Managed Properties | Windward Palms | Boynton Beach, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Windward Palms | Boynton Beach, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Ivy Springs Manor | Buford, GA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,704
Initial Cost to the Company
Land	1,825
Buildings and Improvements	13,657
Furniture, Fixtures and Equipment	671
Costs Capitalized Subsequent to Acquisition	81
Gross Amount Carried at Close of Period
Land	1,825
Buildings and Improvements	13,706
Furniture, Fixtures and Equipment	703
Total	16,234
Accumulated Depreciation	(352)
Net Book Value	$ 15,882
Year Acquired	2,015
Managed Properties | Ivy Springs Manor | Buford, GA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Ivy Springs Manor | Buford, GA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Pinegate | Macon, GA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 12,902
Initial Cost to the Company
Land	888
Buildings and Improvements	10,817
Furniture, Fixtures and Equipment	430
Costs Capitalized Subsequent to Acquisition	69
Gross Amount Carried at Close of Period
Land	888
Buildings and Improvements	10,838
Furniture, Fixtures and Equipment	478
Total	12,204
Accumulated Depreciation	(144)
Net Book Value	$ 12,060
Year Acquired	2,015
Managed Properties | Pinegate | Macon, GA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Pinegate | Macon, GA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Kalama Heights | Kihei, HI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 22,896
Initial Cost to the Company
Land	2,220
Buildings and Improvements	27,321
Furniture, Fixtures and Equipment	1,075
Costs Capitalized Subsequent to Acquisition	42
Gross Amount Carried at Close of Period
Land	2,220
Buildings and Improvements	27,336
Furniture, Fixtures and Equipment	1,102
Total	30,658
Accumulated Depreciation	(361)
Net Book Value	$ 30,297
Year Acquired	2,015
Managed Properties | Kalama Heights | Kihei, HI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Kalama Heights | Kihei, HI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Willow Park | Boise, ID | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,454
Initial Cost to the Company
Land	1,456
Buildings and Improvements	13,548
Furniture, Fixtures and Equipment	58
Costs Capitalized Subsequent to Acquisition	389
Gross Amount Carried at Close of Period
Land	1,456
Buildings and Improvements	13,744
Furniture, Fixtures and Equipment	251
Total	15,451
Accumulated Depreciation	(1,423)
Net Book Value	$ 14,028
Year Acquired	2,012
Managed Properties | Willow Park | Boise, ID | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Willow Park | Boise, ID | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Grandview | Peoria, IL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,500
Initial Cost to the Company
Land	1,606
Buildings and Improvements	12,015
Furniture, Fixtures and Equipment	280
Costs Capitalized Subsequent to Acquisition	7
Gross Amount Carried at Close of Period
Land	1,606
Buildings and Improvements	12,016
Furniture, Fixtures and Equipment	286
Total	13,908
Accumulated Depreciation	(426)
Net Book Value	$ 13,482
Year Acquired	2,014
Managed Properties | Grandview | Peoria, IL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Grandview | Peoria, IL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Redbud Hills | Bloomington, IN | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,500
Initial Cost to the Company
Land	1,523
Buildings and Improvements	18,641
Furniture, Fixtures and Equipment	737
Costs Capitalized Subsequent to Acquisition	51
Gross Amount Carried at Close of Period
Land	1,523
Buildings and Improvements	18,652
Furniture, Fixtures and Equipment	777
Total	20,952
Accumulated Depreciation	(245)
Net Book Value	$ 20,707
Year Acquired	2,015
Managed Properties | Redbud Hills | Bloomington, IN | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Redbud Hills | Bloomington, IN | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Greenwood Terrace | Lenexa, KS | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 19,643
Initial Cost to the Company
Land	1,586
Buildings and Improvements	19,475
Furniture, Fixtures and Equipment	768
Costs Capitalized Subsequent to Acquisition	24
Gross Amount Carried at Close of Period
Land	1,586
Buildings and Improvements	19,489
Furniture, Fixtures and Equipment	777
Total	21,852
Accumulated Depreciation	(256)
Net Book Value	$ 21,596
Year Acquired	2,015
Managed Properties | Greenwood Terrace | Lenexa, KS | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Greenwood Terrace | Lenexa, KS | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Waterford | Shreveport, LA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 6,530
Initial Cost to the Company
Land	1,267
Buildings and Improvements	4,070
Furniture, Fixtures and Equipment	376
Costs Capitalized Subsequent to Acquisition	382
Gross Amount Carried at Close of Period
Land	1,267
Buildings and Improvements	4,286
Furniture, Fixtures and Equipment	542
Total	6,095
Accumulated Depreciation	(240)
Net Book Value	$ 5,855
Year Acquired	2,015
Managed Properties | The Waterford | Shreveport, LA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Waterford | Shreveport, LA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Bluebird Estates | East Longmeadow, MA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 22,085
Initial Cost to the Company
Land	5,745
Buildings and Improvements	24,591
Furniture, Fixtures and Equipment	954
Costs Capitalized Subsequent to Acquisition	45
Gross Amount Carried at Close of Period
Land	5,745
Buildings and Improvements	24,611
Furniture, Fixtures and Equipment	979
Total	31,335
Accumulated Depreciation	(715)
Net Book Value	$ 30,620
Year Acquired	2,015
Managed Properties | Bluebird Estates | East Longmeadow, MA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Bluebird Estates | East Longmeadow, MA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Quail Run Estates | Agawam, MA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 18,799
Initial Cost to the Company
Land	1,776
Buildings and Improvements	21,799
Furniture, Fixtures and Equipment	860
Costs Capitalized Subsequent to Acquisition	87
Gross Amount Carried at Close of Period
Land	1,776
Buildings and Improvements	21,812
Furniture, Fixtures and Equipment	935
Total	24,523
Accumulated Depreciation	(291)
Net Book Value	$ 24,232
Year Acquired	2,015
Managed Properties | Quail Run Estates | Agawam, MA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Quail Run Estates | Agawam, MA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Ashford Court | Westland, MI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 9,360
Initial Cost to the Company
Land	1,500
Buildings and Improvements	9,000
Furniture, Fixtures and Equipment	450
Costs Capitalized Subsequent to Acquisition	381
Gross Amount Carried at Close of Period
Land	1,500
Buildings and Improvements	9,253
Furniture, Fixtures and Equipment	578
Total	11,331
Accumulated Depreciation	(718)
Net Book Value	$ 10,613
Year Acquired	2,014
Managed Properties | Ashford Court | Westland, MI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Ashford Court | Westland, MI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Genesee Gardens | Flint Township, MI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,900
Initial Cost to the Company
Land	1,332
Buildings and Improvements	16,290
Furniture, Fixtures and Equipment	645
Costs Capitalized Subsequent to Acquisition	29
Gross Amount Carried at Close of Period
Land	1,332
Buildings and Improvements	16,300
Furniture, Fixtures and Equipment	664
Total	18,296
Accumulated Depreciation	(213)
Net Book Value	$ 18,083
Year Acquired	2,015
Managed Properties | Genesee Gardens | Flint Township, MI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Genesee Gardens | Flint Township, MI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Heatherwood | Southfield, MI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 3,920
Initial Cost to the Company
Land	462
Buildings and Improvements	2,707
Furniture, Fixtures and Equipment	251
Costs Capitalized Subsequent to Acquisition	390
Gross Amount Carried at Close of Period
Land	462
Buildings and Improvements	2,788
Furniture, Fixtures and Equipment	561
Total	3,811
Accumulated Depreciation	(162)
Net Book Value	$ 3,649
Year Acquired	2,015
Managed Properties | The Heatherwood | Southfield, MI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Heatherwood | Southfield, MI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Gardens | Ocean Springs, MS | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 6,185
Initial Cost to the Company
Land	850
Buildings and Improvements	7,034
Furniture, Fixtures and Equipment	460
Costs Capitalized Subsequent to Acquisition	238
Gross Amount Carried at Close of Period
Land	850
Buildings and Improvements	7,137
Furniture, Fixtures and Equipment	595
Total	8,582
Accumulated Depreciation	(417)
Net Book Value	$ 8,165
Year Acquired	2,014
Managed Properties | The Gardens | Ocean Springs, MS | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Gardens | Ocean Springs, MS | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Aspen View | Billings, MT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,110
Initial Cost to the Company
Land	1,713
Buildings and Improvements	21,026
Furniture, Fixtures and Equipment	827
Costs Capitalized Subsequent to Acquisition	49
Gross Amount Carried at Close of Period
Land	1,713
Buildings and Improvements	21,042
Furniture, Fixtures and Equipment	860
Total	23,615
Accumulated Depreciation	(277)
Net Book Value	$ 23,338
Year Acquired	2,015
Managed Properties | Aspen View | Billings, MT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Aspen View | Billings, MT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Cedar Ridge | Burlington, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,637
Initial Cost to the Company
Land	1,743
Buildings and Improvements	21,368
Furniture, Fixtures and Equipment	844
Costs Capitalized Subsequent to Acquisition	28
Gross Amount Carried at Close of Period
Land	1,743
Buildings and Improvements	21,387
Furniture, Fixtures and Equipment	853
Total	23,983
Accumulated Depreciation	(279)
Net Book Value	$ 23,704
Year Acquired	2,015
Managed Properties | Cedar Ridge | Burlington, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Cedar Ridge | Burlington, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Courtyards at Berne Village | New Bern, NC | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 19,970
Initial Cost to the Company
Land	1,657
Buildings and Improvements	12,892
Furniture, Fixtures and Equipment	1,148
Costs Capitalized Subsequent to Acquisition	610
Gross Amount Carried at Close of Period
Land	1,657
Buildings and Improvements	13,077
Furniture, Fixtures and Equipment	1,572
Total	16,306
Accumulated Depreciation	(1,548)
Net Book Value	$ 14,758
Year Acquired	2,013
Managed Properties | Courtyards at Berne Village | New Bern, NC | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Courtyards at Berne Village | New Bern, NC | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Crescent Heights | Concord, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 21,285
Initial Cost to the Company
Land	1,960
Buildings and Improvements	21,290
Furniture, Fixtures and Equipment	867
Costs Capitalized Subsequent to Acquisition	33
Gross Amount Carried at Close of Period
Land	1,960
Buildings and Improvements	21,299
Furniture, Fixtures and Equipment	891
Total	24,150
Accumulated Depreciation	(606)
Net Book Value	$ 23,544
Year Acquired	2,015
Managed Properties | Crescent Heights | Concord, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Crescent Heights | Concord, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Independence Village | Winston Salem, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,440
Initial Cost to the Company
Land	1,428
Buildings and Improvements	13,286
Furniture, Fixtures and Equipment	499
Costs Capitalized Subsequent to Acquisition	372
Gross Amount Carried at Close of Period
Land	1,428
Buildings and Improvements	13,472
Furniture, Fixtures and Equipment	685
Total	15,585
Accumulated Depreciation	(447)
Net Book Value	$ 15,138
Year Acquired	2,015
Managed Properties | Independence Village | Winston Salem, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Independence Village | Winston Salem, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Lodge at Wake Forest | Wake Forrest, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 22,820
Initial Cost to the Company
Land	1,209
Buildings and Improvements	22,571
Furniture, Fixtures and Equipment	867
Costs Capitalized Subsequent to Acquisition	65
Gross Amount Carried at Close of Period
Land	1,209
Buildings and Improvements	22,593
Furniture, Fixtures and Equipment	910
Total	24,712
Accumulated Depreciation	(605)
Net Book Value	$ 24,107
Year Acquired	2,015
Managed Properties | Lodge at Wake Forest | Wake Forrest, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Lodge at Wake Forest | Wake Forrest, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Shads Landing | Charlotte, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 22,005
Initial Cost to the Company
Land	1,939
Buildings and Improvements	21,988
Furniture, Fixtures and Equipment	846
Costs Capitalized Subsequent to Acquisition	21
Gross Amount Carried at Close of Period
Land	1,939
Buildings and Improvements	21,995
Furniture, Fixtures and Equipment	860
Total	24,794
Accumulated Depreciation	(642)
Net Book Value	$ 24,152
Year Acquired	2,015
Managed Properties | Shads Landing | Charlotte, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Shads Landing | Charlotte, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Woods at Holly Tree | Wilmington, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 27,382
Initial Cost to the Company
Land	2,474
Buildings and Improvements	30,483
Furniture, Fixtures and Equipment	1,198
Costs Capitalized Subsequent to Acquisition	92
Gross Amount Carried at Close of Period
Land	2,474
Buildings and Improvements	30,495
Furniture, Fixtures and Equipment	1,279
Total	34,248
Accumulated Depreciation	(408)
Net Book Value	$ 33,840
Year Acquired	2,015
Managed Properties | Woods at Holly Tree | Wilmington, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Woods at Holly Tree | Wilmington, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Rolling Hills Ranch | Omaha, NE | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,475
Initial Cost to the Company
Land	1,022
Buildings and Improvements	16,251
Furniture, Fixtures and Equipment	846
Costs Capitalized Subsequent to Acquisition	62
Gross Amount Carried at Close of Period
Land	1,022
Buildings and Improvements	16,284
Furniture, Fixtures and Equipment	875
Total	18,181
Accumulated Depreciation	(490)
Net Book Value	$ 17,691
Year Acquired	2,015
Managed Properties | Rolling Hills Ranch | Omaha, NE | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Rolling Hills Ranch | Omaha, NE | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Kirkwood Corners | Lee, NH | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 2,490
Initial Cost to the Company
Land	577
Buildings and Improvements	1,847
Furniture, Fixtures and Equipment	124
Costs Capitalized Subsequent to Acquisition	154
Gross Amount Carried at Close of Period
Land	577
Buildings and Improvements	1,926
Furniture, Fixtures and Equipment	199
Total	2,702
Accumulated Depreciation	(178)
Net Book Value	$ 2,524
Year Acquired	2,014
Managed Properties | Kirkwood Corners | Lee, NH | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Kirkwood Corners | Lee, NH | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Maple Suites | Dover, NH | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 25,205
Initial Cost to the Company
Land	1,084
Buildings and Improvements	30,944
Furniture, Fixtures and Equipment	838
Costs Capitalized Subsequent to Acquisition	50
Gross Amount Carried at Close of Period
Land	1,084
Buildings and Improvements	30,966
Furniture, Fixtures and Equipment	865
Total	32,915
Accumulated Depreciation	(843)
Net Book Value	$ 32,072
Year Acquired	2,015
Managed Properties | Maple Suites | Dover, NH | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Maple Suites | Dover, NH | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Pine Rock Manor | Warner, NH | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 8,175
Initial Cost to the Company
Land	780
Buildings and Improvements	8,580
Furniture, Fixtures and Equipment	378
Costs Capitalized Subsequent to Acquisition	258
Gross Amount Carried at Close of Period
Land	780
Buildings and Improvements	8,742
Furniture, Fixtures and Equipment	474
Total	9,996
Accumulated Depreciation	(657)
Net Book Value	$ 9,339
Year Acquired	2,014
Managed Properties | Pine Rock Manor | Warner, NH | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Pine Rock Manor | Warner, NH | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Pines of New Market | Newmarket, NH | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 5,950
Initial Cost to the Company
Land	628
Buildings and Improvements	4,879
Furniture, Fixtures and Equipment	353
Costs Capitalized Subsequent to Acquisition	154
Gross Amount Carried at Close of Period
Land	628
Buildings and Improvements	4,982
Furniture, Fixtures and Equipment	403
Total	6,013
Accumulated Depreciation	(368)
Net Book Value	$ 5,645
Year Acquired	2,014
Managed Properties | Pines of New Market | Newmarket, NH | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Pines of New Market | Newmarket, NH | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Montara Meadows | Las Vegas, NV | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,670
Initial Cost to the Company
Land	1,142
Buildings and Improvements	14,038
Furniture, Fixtures and Equipment	553
Costs Capitalized Subsequent to Acquisition	191
Gross Amount Carried at Close of Period
Land	1,142
Buildings and Improvements	14,082
Furniture, Fixtures and Equipment	701
Total	15,925
Accumulated Depreciation	(195)
Net Book Value	$ 15,730
Year Acquired	2,015
Managed Properties | Montara Meadows | Las Vegas, NV | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Montara Meadows | Las Vegas, NV | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Manor at Woodside | Poughkeepsie, NY | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 17,365
Initial Cost to the Company
Land	0
Buildings and Improvements	12,130
Furniture, Fixtures and Equipment	670
Costs Capitalized Subsequent to Acquisition	559
Gross Amount Carried at Close of Period
Land	0
Buildings and Improvements	12,577
Furniture, Fixtures and Equipment	782
Total	13,359
Accumulated Depreciation	(1,273)
Net Book Value	$ 12,086
Year Acquired	2,013
Managed Properties | Manor at Woodside | Poughkeepsie, NY | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Manor at Woodside | Poughkeepsie, NY | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Alexis Gardens | Toledo, OH | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 17,384
Initial Cost to the Company
Land	1,396
Buildings and Improvements	17,083
Furniture, Fixtures and Equipment	676
Costs Capitalized Subsequent to Acquisition	118
Gross Amount Carried at Close of Period
Land	1,396
Buildings and Improvements	17,111
Furniture, Fixtures and Equipment	766
Total	19,273
Accumulated Depreciation	(231)
Net Book Value	$ 19,042
Year Acquired	2,015
Managed Properties | Alexis Gardens | Toledo, OH | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Alexis Gardens | Toledo, OH | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Copley Place | Copley, OH | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,500
Initial Cost to the Company
Land	553
Buildings and Improvements	19,125
Furniture, Fixtures and Equipment	867
Costs Capitalized Subsequent to Acquisition	52
Gross Amount Carried at Close of Period
Land	553
Buildings and Improvements	19,151
Furniture, Fixtures and Equipment	893
Total	20,597
Accumulated Depreciation	(542)
Net Book Value	$ 20,055
Year Acquired	2,015
Managed Properties | Copley Place | Copley, OH | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Copley Place | Copley, OH | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Lamplight | Dayton, OH | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 6,900
Initial Cost to the Company
Land	1,056
Buildings and Improvements	7,755
Furniture, Fixtures and Equipment	750
Costs Capitalized Subsequent to Acquisition	470
Gross Amount Carried at Close of Period
Land	1,056
Buildings and Improvements	7,872
Furniture, Fixtures and Equipment	1,103
Total	10,031
Accumulated Depreciation	(806)
Net Book Value	$ 9,225
Year Acquired	2,014
Managed Properties | Lamplight | Dayton, OH | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Lamplight | Dayton, OH | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Wellington | Oklahoma City, OK | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 4,580
Initial Cost to the Company
Land	744
Buildings and Improvements	5,181
Furniture, Fixtures and Equipment	383
Costs Capitalized Subsequent to Acquisition	163
Gross Amount Carried at Close of Period
Land	744
Buildings and Improvements	5,289
Furniture, Fixtures and Equipment	439
Total	6,472
Accumulated Depreciation	(223)
Net Book Value	$ 6,249
Year Acquired	2,015
Managed Properties | The Wellington | Oklahoma City, OK | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Wellington | Oklahoma City, OK | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Parkrose Chateau | Portland, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 12,569
Initial Cost to the Company
Land	1,743
Buildings and Improvements	21,420
Furniture, Fixtures and Equipment	844
Costs Capitalized Subsequent to Acquisition	79
Gross Amount Carried at Close of Period
Land	1,743
Buildings and Improvements	21,429
Furniture, Fixtures and Equipment	914
Total	24,086
Accumulated Depreciation	(285)
Net Book Value	$ 23,801
Year Acquired	2,015
Managed Properties | Parkrose Chateau | Portland, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Parkrose Chateau | Portland, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Regent Court | Corvallis, OR | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 5,783
Initial Cost to the Company
Land	1,044
Buildings and Improvements	4,974
Furniture, Fixtures and Equipment	8
Costs Capitalized Subsequent to Acquisition	250
Gross Amount Carried at Close of Period
Land	1,044
Buildings and Improvements	5,126
Furniture, Fixtures and Equipment	107
Total	6,277
Accumulated Depreciation	(541)
Net Book Value	$ 5,736
Year Acquired	2,012
Managed Properties | Regent Court | Corvallis, OR | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Regent Court | Corvallis, OR | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Sheldon Park | Eugene, OR | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 20,806
Initial Cost to the Company
Land	929
Buildings and Improvements	20,662
Furniture, Fixtures and Equipment	91
Costs Capitalized Subsequent to Acquisition	391
Gross Amount Carried at Close of Period
Land	929
Buildings and Improvements	20,982
Furniture, Fixtures and Equipment	162
Total	22,073
Accumulated Depreciation	(2,060)
Net Book Value	$ 20,013
Year Acquired	2,012
Managed Properties | Sheldon Park | Eugene, OR | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Sheldon Park | Eugene, OR | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Stone Lodge | Bend, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 19,675
Initial Cost to the Company
Land	2,093
Buildings and Improvements	25,730
Furniture, Fixtures and Equipment	1,014
Costs Capitalized Subsequent to Acquisition	86
Gross Amount Carried at Close of Period
Land	2,093
Buildings and Improvements	25,748
Furniture, Fixtures and Equipment	1,083
Total	28,924
Accumulated Depreciation	(343)
Net Book Value	$ 28,581
Year Acquired	2,015
Managed Properties | Stone Lodge | Bend, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Stone Lodge | Bend, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Glen Riddle | Media, PA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 20,000
Initial Cost to the Company
Land	1,931
Buildings and Improvements	16,169
Furniture, Fixtures and Equipment	870
Costs Capitalized Subsequent to Acquisition	358
Gross Amount Carried at Close of Period
Land	1,931
Buildings and Improvements	16,376
Furniture, Fixtures and Equipment	1,021
Total	19,328
Accumulated Depreciation	(1,541)
Net Book Value	$ 17,787
Year Acquired	2,013
Managed Properties | Glen Riddle | Media, PA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Glen Riddle | Media, PA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Niagara Village | Erie, PA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 12,845
Initial Cost to the Company
Land	1,269
Buildings and Improvements	15,508
Furniture, Fixtures and Equipment	615
Costs Capitalized Subsequent to Acquisition	40
Gross Amount Carried at Close of Period
Land	1,269
Buildings and Improvements	15,513
Furniture, Fixtures and Equipment	650
Total	17,432
Accumulated Depreciation	(203)
Net Book Value	$ 17,229
Year Acquired	2,015
Managed Properties | Niagara Village | Erie, PA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Niagara Village | Erie, PA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Schenley Gardens | Pittsburgh, PA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 6,500
Initial Cost to the Company
Land	3,227
Buildings and Improvements	11,521
Furniture, Fixtures and Equipment	410
Costs Capitalized Subsequent to Acquisition	699
Gross Amount Carried at Close of Period
Land	3,227
Buildings and Improvements	11,897
Furniture, Fixtures and Equipment	733
Total	15,857
Accumulated Depreciation	(1,091)
Net Book Value	$ 14,766
Year Acquired	2,013
Managed Properties | Schenley Gardens | Pittsburgh, PA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Schenley Gardens | Pittsburgh, PA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Indigo Pines | Hilton Head, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,334
Initial Cost to the Company
Land	1,332
Buildings and Improvements	16,292
Furniture, Fixtures and Equipment	645
Costs Capitalized Subsequent to Acquisition	36
Gross Amount Carried at Close of Period
Land	1,332
Buildings and Improvements	16,318
Furniture, Fixtures and Equipment	655
Total	18,305
Accumulated Depreciation	(213)
Net Book Value	$ 18,092
Year Acquired	2,015
Managed Properties | Indigo Pines | Hilton Head, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Indigo Pines | Hilton Head, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Holiday Hills Estates | Rapid City, SD | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 12,063
Initial Cost to the Company
Land	1,837
Buildings and Improvements	22,552
Furniture, Fixtures and Equipment	890
Costs Capitalized Subsequent to Acquisition	31
Gross Amount Carried at Close of Period
Land	1,837
Buildings and Improvements	22,568
Furniture, Fixtures and Equipment	905
Total	25,310
Accumulated Depreciation	(296)
Net Book Value	$ 25,014
Year Acquired	2,015
Managed Properties | Holiday Hills Estates | Rapid City, SD | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Holiday Hills Estates | Rapid City, SD | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Echo Ridge | Knoxville, TN | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 20,910
Initial Cost to the Company
Land	1,840
Buildings and Improvements	22,540
Furniture, Fixtures and Equipment	891
Costs Capitalized Subsequent to Acquisition	36
Gross Amount Carried at Close of Period
Land	1,840
Buildings and Improvements	22,554
Furniture, Fixtures and Equipment	914
Total	25,308
Accumulated Depreciation	(297)
Net Book Value	$ 25,011
Year Acquired	2,015
Managed Properties | Echo Ridge | Knoxville, TN | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Echo Ridge | Knoxville, TN | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Powell | Powell, TN | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 3,720
Initial Cost to the Company
Land	761
Buildings and Improvements	6,482
Furniture, Fixtures and Equipment	310
Costs Capitalized Subsequent to Acquisition	68
Gross Amount Carried at Close of Period
Land	761
Buildings and Improvements	6,489
Furniture, Fixtures and Equipment	371
Total	7,621
Accumulated Depreciation	(331)
Net Book Value	$ 7,290
Year Acquired	2,014
Managed Properties | Powell | Powell, TN | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Powell | Powell, TN | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Raintree | Knoxville, TN | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 7,430
Initial Cost to the Company
Land	643
Buildings and Improvements	8,642
Furniture, Fixtures and Equipment	490
Costs Capitalized Subsequent to Acquisition	213
Gross Amount Carried at Close of Period
Land	643
Buildings and Improvements	8,723
Furniture, Fixtures and Equipment	622
Total	9,988
Accumulated Depreciation	(538)
Net Book Value	$ 9,450
Year Acquired	2,014
Managed Properties | Raintree | Knoxville, TN | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Raintree | Knoxville, TN | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Raintree | Fort Worth, TX | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 20,775
Initial Cost to the Company
Land	2,140
Buildings and Improvements	16,671
Furniture, Fixtures and Equipment	672
Costs Capitalized Subsequent to Acquisition	768
Gross Amount Carried at Close of Period
Land	2,140
Buildings and Improvements	17,102
Furniture, Fixtures and Equipment	1,009
Total	20,251
Accumulated Depreciation	(2,176)
Net Book Value	$ 18,075
Year Acquired	2,012
Managed Properties | Raintree | Fort Worth, TX | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Raintree | Fort Worth, TX | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Cypress Woods | Kingwood, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 17,800
Initial Cost to the Company
Land	1,376
Buildings and Improvements	19,815
Furniture, Fixtures and Equipment	860
Costs Capitalized Subsequent to Acquisition	51
Gross Amount Carried at Close of Period
Land	1,376
Buildings and Improvements	19,841
Furniture, Fixtures and Equipment	885
Total	22,102
Accumulated Depreciation	(565)
Net Book Value	$ 21,537
Year Acquired	2,015
Managed Properties | Cypress Woods | Kingwood, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Cypress Woods | Kingwood, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Legacy at Bear Creek | Keller, TX | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,375
Initial Cost to the Company
Land	1,754
Buildings and Improvements	13,124
Furniture, Fixtures and Equipment	645
Costs Capitalized Subsequent to Acquisition	8
Gross Amount Carried at Close of Period
Land	1,754
Buildings and Improvements	13,127
Furniture, Fixtures and Equipment	650
Total	15,531
Accumulated Depreciation	(121)
Net Book Value	$ 15,410
Year Acquired	2,015
Managed Properties | Legacy at Bear Creek | Keller, TX | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Legacy at Bear Creek | Keller, TX | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Legacy at Georgtown | Georgtown, TX | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,625
Initial Cost to the Company
Land	2,255
Buildings and Improvements	16,874
Furniture, Fixtures and Equipment	829
Costs Capitalized Subsequent to Acquisition	3
Gross Amount Carried at Close of Period
Land	2,255
Buildings and Improvements	16,874
Furniture, Fixtures and Equipment	832
Total	19,961
Accumulated Depreciation	(155)
Net Book Value	$ 19,806
Year Acquired	2,015
Managed Properties | Legacy at Georgtown | Georgtown, TX | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Legacy at Georgtown | Georgtown, TX | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Windsor | Dallas, TX | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 33,875
Initial Cost to the Company
Land	5,580
Buildings and Improvements	31,307
Furniture, Fixtures and Equipment	1,251
Costs Capitalized Subsequent to Acquisition	386
Gross Amount Carried at Close of Period
Land	5,580
Buildings and Improvements	31,522
Furniture, Fixtures and Equipment	1,420
Total	38,522
Accumulated Depreciation	(1,498)
Net Book Value	$ 37,024
Year Acquired	2,014
Managed Properties | Windsor | Dallas, TX | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Windsor | Dallas, TX | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Canyon Creek | Cottonwood Heights, UT | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 17,133
Initial Cost to the Company
Land	1,488
Buildings and Improvements	16,308
Furniture, Fixtures and Equipment	58
Costs Capitalized Subsequent to Acquisition	411
Gross Amount Carried at Close of Period
Land	1,488
Buildings and Improvements	16,531
Furniture, Fixtures and Equipment	245
Total	18,264
Accumulated Depreciation	(1,671)
Net Book Value	$ 16,593
Year Acquired	2,012
Managed Properties | Canyon Creek | Cottonwood Heights, UT | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Canyon Creek | Cottonwood Heights, UT | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Chateau Brickyard | Salt Lake City, UT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 6,600
Initial Cost to the Company
Land	700
Buildings and Improvements	3,297
Furniture, Fixtures and Equipment	15
Costs Capitalized Subsequent to Acquisition	721
Gross Amount Carried at Close of Period
Land	700
Buildings and Improvements	3,790
Furniture, Fixtures and Equipment	242
Total	4,732
Accumulated Depreciation	(488)
Net Book Value	$ 4,244
Year Acquired	2,012
Managed Properties | Chateau Brickyard | Salt Lake City, UT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Chateau Brickyard | Salt Lake City, UT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Golden Living | Taylorsville, UT | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 7,455
Initial Cost to the Company
Land	1,111
Buildings and Improvements	3,126
Furniture, Fixtures and Equipment	39
Costs Capitalized Subsequent to Acquisition	496
Gross Amount Carried at Close of Period
Land	1,111
Buildings and Improvements	3,419
Furniture, Fixtures and Equipment	241
Total	4,771
Accumulated Depreciation	(501)
Net Book Value	$ 4,270
Year Acquired	2,012
Managed Properties | Golden Living | Taylorsville, UT | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Golden Living | Taylorsville, UT | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Heritage Place | Bountiful, UT | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,970
Initial Cost to the Company
Land	570
Buildings and Improvements	9,558
Furniture, Fixtures and Equipment	50
Costs Capitalized Subsequent to Acquisition	1,061
Gross Amount Carried at Close of Period
Land	570
Buildings and Improvements	10,293
Furniture, Fixtures and Equipment	377
Total	11,240
Accumulated Depreciation	(1,167)
Net Book Value	$ 10,073
Year Acquired	2,012
Managed Properties | Heritage Place | Bountiful, UT | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Heritage Place | Bountiful, UT | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Olympus Ranch | Murray, UT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 18,890
Initial Cost to the Company
Land	1,407
Buildings and Improvements	20,515
Furniture, Fixtures and Equipment	846
Costs Capitalized Subsequent to Acquisition	41
Gross Amount Carried at Close of Period
Land	1,407
Buildings and Improvements	20,535
Furniture, Fixtures and Equipment	867
Total	22,809
Accumulated Depreciation	(542)
Net Book Value	$ 22,267
Year Acquired	2,015
Managed Properties | Olympus Ranch | Murray, UT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Olympus Ranch | Murray, UT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Elm Park Estates | Roanoke, VA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,582
Initial Cost to the Company
Land	1,332
Buildings and Improvements	16,320
Furniture, Fixtures and Equipment	645
Costs Capitalized Subsequent to Acquisition	53
Gross Amount Carried at Close of Period
Land	1,332
Buildings and Improvements	16,335
Furniture, Fixtures and Equipment	684
Total	18,351
Accumulated Depreciation	(215)
Net Book Value	$ 18,136
Year Acquired	2,015
Managed Properties | Elm Park Estates | Roanoke, VA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Elm Park Estates | Roanoke, VA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Heritage Oaks | Richmond, VA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,550
Initial Cost to the Company
Land	1,630
Buildings and Improvements	9,570
Furniture, Fixtures and Equipment	705
Costs Capitalized Subsequent to Acquisition	538
Gross Amount Carried at Close of Period
Land	1,630
Buildings and Improvements	9,815
Furniture, Fixtures and Equipment	998
Total	12,443
Accumulated Depreciation	(1,035)
Net Book Value	$ 11,408
Year Acquired	2,013
Managed Properties | Heritage Oaks | Richmond, VA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Heritage Oaks | Richmond, VA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Bridge Park | Seattle, WA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,890
Initial Cost to the Company
Land	2,315
Buildings and Improvements	18,607
Furniture, Fixtures and Equipment	1,136
Costs Capitalized Subsequent to Acquisition	55
Gross Amount Carried at Close of Period
Land	2,315
Buildings and Improvements	18,622
Furniture, Fixtures and Equipment	1,175
Total	22,112
Accumulated Depreciation	(548)
Net Book Value	$ 21,564
Year Acquired	2,015
Managed Properties | Bridge Park | Seattle, WA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Bridge Park | Seattle, WA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | Peninsula | Gig Harbor, WA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 21,455
Initial Cost to the Company
Land	2,085
Buildings and Improvements	21,983
Furniture, Fixtures and Equipment	846
Costs Capitalized Subsequent to Acquisition	36
Gross Amount Carried at Close of Period
Land	2,085
Buildings and Improvements	21,999
Furniture, Fixtures and Equipment	865
Total	24,949
Accumulated Depreciation	(579)
Net Book Value	$ 24,370
Year Acquired	2,015
Managed Properties | Peninsula | Gig Harbor, WA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | Peninsula | Gig Harbor, WA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Managed Properties | The Jefferson | Middleton, WI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,394
Initial Cost to the Company
Land	1,205
Buildings and Improvements	14,744
Furniture, Fixtures and Equipment	584
Costs Capitalized Subsequent to Acquisition	80
Gross Amount Carried at Close of Period
Land	1,205
Buildings and Improvements	14,757
Furniture, Fixtures and Equipment	652
Total	16,614
Accumulated Depreciation	(197)
Net Book Value	$ 16,417
Year Acquired	2,015
Managed Properties | The Jefferson | Middleton, WI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Managed Properties | The Jefferson | Middleton, WI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 847,984
Initial Cost to the Company
Land	83,050
Buildings and Improvements	1,026,678
Furniture, Fixtures and Equipment	38,810
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	83,050
Buildings and Improvements	1,026,679
Furniture, Fixtures and Equipment	38,809
Total	1,148,538
Accumulated Depreciation	(64,240)
Net Book Value	1,084,298
Triple Net Lease | Vista de la Montana | Surprise, AZ | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	9,493
Initial Cost to the Company
Land	1,131
Buildings and Improvements	11,077
Furniture, Fixtures and Equipment	635
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,131
Buildings and Improvements	11,077
Furniture, Fixtures and Equipment	635
Total	12,843
Accumulated Depreciation	(841)
Net Book Value	$ 12,002
Year Acquired	2,013
Triple Net Lease | Vista de la Montana | Surprise, AZ | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Vista de la Montana | Surprise, AZ | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Simi Hills | Simi Valley, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 19,338
Initial Cost to the Company
Land	3,209
Buildings and Improvements	21,999
Furniture, Fixtures and Equipment	730
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	3,209
Buildings and Improvements	21,999
Furniture, Fixtures and Equipment	730
Total	25,938
Accumulated Depreciation	(1,435)
Net Book Value	$ 24,503
Year Acquired	2,013
Triple Net Lease | Simi Hills | Simi Valley, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Simi Hills | Simi Valley, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | The Westmont | Santa Clara, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,898
Initial Cost to the Company
Land	0
Buildings and Improvements	18,049
Furniture, Fixtures and Equipment	754
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	0
Buildings and Improvements	18,049
Furniture, Fixtures and Equipment	754
Total	18,803
Accumulated Depreciation	(1,272)
Net Book Value	$ 17,531
Year Acquired	2,013
Triple Net Lease | The Westmont | Santa Clara, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | The Westmont | Santa Clara, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Courtyard at Lakewood | Lakewood, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,836
Initial Cost to the Company
Land	1,327
Buildings and Improvements	14,198
Furniture, Fixtures and Equipment	350
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,327
Buildings and Improvements	14,199
Furniture, Fixtures and Equipment	350
Total	15,876
Accumulated Depreciation	(896)
Net Book Value	$ 14,980
Year Acquired	2,013
Triple Net Lease | Courtyard at Lakewood | Lakewood, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Courtyard at Lakewood | Lakewood, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Greeley Place | Greeley, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 10,954
Initial Cost to the Company
Land	237
Buildings and Improvements	13,859
Furniture, Fixtures and Equipment	596
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	237
Buildings and Improvements	13,859
Furniture, Fixtures and Equipment	597
Total	14,693
Accumulated Depreciation	(954)
Net Book Value	$ 13,739
Year Acquired	2,013
Triple Net Lease | Greeley Place | Greeley, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Greeley Place | Greeley, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Parkwood Estates | Fort Collins, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,404
Initial Cost to the Company
Land	638
Buildings and Improvements	18,055
Furniture, Fixtures and Equipment	627
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	638
Buildings and Improvements	18,055
Furniture, Fixtures and Equipment	627
Total	19,320
Accumulated Depreciation	(1,184)
Net Book Value	$ 18,136
Year Acquired	2,013
Triple Net Lease | Parkwood Estates | Fort Collins, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Parkwood Estates | Fort Collins, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Pueblo Regent | Pueblo, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 10,808
Initial Cost to the Company
Land	446
Buildings and Improvements	13,800
Furniture, Fixtures and Equipment	377
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	446
Buildings and Improvements	13,800
Furniture, Fixtures and Equipment	377
Total	14,623
Accumulated Depreciation	(856)
Net Book Value	$ 13,767
Year Acquired	2,013
Triple Net Lease | Pueblo Regent | Pueblo, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Pueblo Regent | Pueblo, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Lodge at Cold Spring | Rocky Hill, CT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 19,522
Initial Cost to the Company
Land	0
Buildings and Improvements	25,807
Furniture, Fixtures and Equipment	605
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	0
Buildings and Improvements	25,807
Furniture, Fixtures and Equipment	605
Total	26,412
Accumulated Depreciation	(1,574)
Net Book Value	$ 24,838
Year Acquired	2,013
Triple Net Lease | Lodge at Cold Spring | Rocky Hill, CT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Lodge at Cold Spring | Rocky Hill, CT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Village Gate | Farmington, CT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 20,040
Initial Cost to the Company
Land	3,591
Buildings and Improvements	23,254
Furniture, Fixtures and Equipment	268
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	3,591
Buildings and Improvements	23,254
Furniture, Fixtures and Equipment	268
Total	27,113
Accumulated Depreciation	(1,290)
Net Book Value	$ 25,823
Year Acquired	2,013
Triple Net Lease | Village Gate | Farmington, CT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Village Gate | Farmington, CT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Cherry Laurel | Tallahassee, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,571
Initial Cost to the Company
Land	1,100
Buildings and Improvements	20,457
Furniture, Fixtures and Equipment	669
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,100
Buildings and Improvements	20,457
Furniture, Fixtures and Equipment	669
Total	22,226
Accumulated Depreciation	(1,341)
Net Book Value	$ 20,885
Year Acquired	2,013
Triple Net Lease | Cherry Laurel | Tallahassee, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Cherry Laurel | Tallahassee, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Desoto Beach Club | Sarasota, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 18,848
Initial Cost to the Company
Land	668
Buildings and Improvements	23,944
Furniture, Fixtures and Equipment	669
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	668
Buildings and Improvements	23,944
Furniture, Fixtures and Equipment	669
Total	25,281
Accumulated Depreciation	(1,514)
Net Book Value	$ 23,767
Year Acquired	2,013
Triple Net Lease | Desoto Beach Club | Sarasota, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Desoto Beach Club | Sarasota, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Regency Residence | Port Richey, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,898
Initial Cost to the Company
Land	1,100
Buildings and Improvements	14,088
Furniture, Fixtures and Equipment	771
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,100
Buildings and Improvements	14,088
Furniture, Fixtures and Equipment	771
Total	15,959
Accumulated Depreciation	(1,033)
Net Book Value	$ 14,926
Year Acquired	2,013
Triple Net Lease | Regency Residence | Port Richey, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Regency Residence | Port Richey, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Illahee Hills | Urbandale, IA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 9,720
Initial Cost to the Company
Land	694
Buildings and Improvements	11,981
Furniture, Fixtures and Equipment	476
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	694
Buildings and Improvements	11,981
Furniture, Fixtures and Equipment	476
Total	13,151
Accumulated Depreciation	(822)
Net Book Value	$ 12,329
Year Acquired	2,013
Triple Net Lease | Illahee Hills | Urbandale, IA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Illahee Hills | Urbandale, IA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Palmer Hills | Bettendorf, IA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 9,484
Initial Cost to the Company
Land	1,488
Buildings and Improvements	10,878
Furniture, Fixtures and Equipment	466
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,488
Buildings and Improvements	10,878
Furniture, Fixtures and Equipment	466
Total	12,832
Accumulated Depreciation	(748)
Net Book Value	$ 12,084
Year Acquired	2,013
Triple Net Lease | Palmer Hills | Bettendorf, IA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Palmer Hills | Bettendorf, IA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Blair House | Normal, IL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,522
Initial Cost to the Company
Land	329
Buildings and Improvements	14,498
Furniture, Fixtures and Equipment	627
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	329
Buildings and Improvements	14,498
Furniture, Fixtures and Equipment	627
Total	15,454
Accumulated Depreciation	(1,013)
Net Book Value	$ 14,441
Year Acquired	2,013
Triple Net Lease | Blair House | Normal, IL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Blair House | Normal, IL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Grasslands Estates | Wichita, KS | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,310
Initial Cost to the Company
Land	504
Buildings and Improvements	17,888
Furniture, Fixtures and Equipment	802
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	504
Buildings and Improvements	17,888
Furniture, Fixtures and Equipment	802
Total	19,194
Accumulated Depreciation	(1,257)
Net Book Value	$ 17,937
Year Acquired	2,013
Triple Net Lease | Grasslands Estates | Wichita, KS | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Grasslands Estates | Wichita, KS | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Thornton Place | Topeka, KS | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,439
Initial Cost to the Company
Land	327
Buildings and Improvements	14,415
Furniture, Fixtures and Equipment	734
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	327
Buildings and Improvements	14,415
Furniture, Fixtures and Equipment	734
Total	15,476
Accumulated Depreciation	(1,048)
Net Book Value	$ 14,428
Year Acquired	2,013
Triple Net Lease | Thornton Place | Topeka, KS | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Thornton Place | Topeka, KS | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Jackson Oaks | Paducah, KY | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,154
Initial Cost to the Company
Land	267
Buildings and Improvements	19,195
Furniture, Fixtures and Equipment	864
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	267
Buildings and Improvements	19,195
Furniture, Fixtures and Equipment	864
Total	20,326
Accumulated Depreciation	(1,347)
Net Book Value	$ 18,979
Year Acquired	2,013
Triple Net Lease | Jackson Oaks | Paducah, KY | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Jackson Oaks | Paducah, KY | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Summerfield Estates | Shreveport, LA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 4,684
Initial Cost to the Company
Land	525
Buildings and Improvements	5,584
Furniture, Fixtures and Equipment	175
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	525
Buildings and Improvements	5,584
Furniture, Fixtures and Equipment	175
Total	6,284
Accumulated Depreciation	(356)
Net Book Value	$ 5,928
Year Acquired	2,013
Triple Net Lease | Summerfield Estates | Shreveport, LA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Summerfield Estates | Shreveport, LA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Blue Water Lodge | Fort Gratiot, MI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 12,622
Initial Cost to the Company
Land	62
Buildings and Improvements	16,034
Furniture, Fixtures and Equipment	833
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	62
Buildings and Improvements	16,034
Furniture, Fixtures and Equipment	833
Total	16,929
Accumulated Depreciation	(1,185)
Net Book Value	$ 15,744
Year Acquired	2,013
Triple Net Lease | Blue Water Lodge | Fort Gratiot, MI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Blue Water Lodge | Fort Gratiot, MI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Briarcrest Estates | Ballwin, MO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,635
Initial Cost to the Company
Land	1,255
Buildings and Improvements	16,509
Furniture, Fixtures and Equipment	525
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,255
Buildings and Improvements	16,510
Furniture, Fixtures and Equipment	525
Total	18,290
Accumulated Depreciation	(1,066)
Net Book Value	$ 17,224
Year Acquired	2,013
Triple Net Lease | Briarcrest Estates | Ballwin, MO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Briarcrest Estates | Ballwin, MO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Country Squire | St Joseph, MO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,304
Initial Cost to the Company
Land	864
Buildings and Improvements	16,353
Furniture, Fixtures and Equipment	627
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	864
Buildings and Improvements	16,353
Furniture, Fixtures and Equipment	627
Total	17,844
Accumulated Depreciation	(1,110)
Net Book Value	$ 16,734
Year Acquired	2,013
Triple Net Lease | Country Squire | St Joseph, MO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Country Squire | St Joseph, MO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Orchid Terrace | St Louis, MO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 21,087
Initial Cost to the Company
Land	1,061
Buildings and Improvements	26,636
Furniture, Fixtures and Equipment	833
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,061
Buildings and Improvements	26,636
Furniture, Fixtures and Equipment	833
Total	28,530
Accumulated Depreciation	(1,710)
Net Book Value	$ 26,820
Year Acquired	2,013
Triple Net Lease | Orchid Terrace | St Louis, MO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Orchid Terrace | St Louis, MO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Chateau Ridgeland | Ridgeland, MS | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 6,545
Initial Cost to the Company
Land	967
Buildings and Improvements	7,277
Furniture, Fixtures and Equipment	535
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	967
Buildings and Improvements	7,277
Furniture, Fixtures and Equipment	535
Total	8,779
Accumulated Depreciation	(607)
Net Book Value	$ 8,172
Year Acquired	2,013
Triple Net Lease | Chateau Ridgeland | Ridgeland, MS | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Chateau Ridgeland | Ridgeland, MS | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Grizzly Peak | Missoula, MT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 12,983
Initial Cost to the Company
Land	309
Buildings and Improvements	16,447
Furniture, Fixtures and Equipment	658
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	309
Buildings and Improvements	16,447
Furniture, Fixtures and Equipment	658
Total	17,414
Accumulated Depreciation	(1,115)
Net Book Value	$ 16,299
Year Acquired	2,013
Triple Net Lease | Grizzly Peak | Missoula, MT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Grizzly Peak | Missoula, MT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Durham Regent | Durham, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 19,081
Initial Cost to the Company
Land	1,061
Buildings and Improvements	24,149
Furniture, Fixtures and Equipment	605
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,061
Buildings and Improvements	24,149
Furniture, Fixtures and Equipment	605
Total	25,815
Accumulated Depreciation	(1,491)
Net Book Value	$ 24,324
Year Acquired	2,013
Triple Net Lease | Durham Regent | Durham, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Durham Regent | Durham, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Jordan Oaks | Cary, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 17,535
Initial Cost to the Company
Land	2,103
Buildings and Improvements	20,847
Furniture, Fixtures and Equipment	774
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	2,103
Buildings and Improvements	20,847
Furniture, Fixtures and Equipment	774
Total	23,724
Accumulated Depreciation	(1,397)
Net Book Value	$ 22,327
Year Acquired	2,013
Triple Net Lease | Jordan Oaks | Cary, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Jordan Oaks | Cary, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Sky Peaks | Reno, NV | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,861
Initial Cost to the Company
Land	1,061
Buildings and Improvements	19,793
Furniture, Fixtures and Equipment	605
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,061
Buildings and Improvements	19,793
Furniture, Fixtures and Equipment	605
Total	21,459
Accumulated Depreciation	(1,289)
Net Book Value	$ 20,170
Year Acquired	2,013
Triple Net Lease | Sky Peaks | Reno, NV | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Sky Peaks | Reno, NV | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Fleming Point | Greece, NY | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,410
Initial Cost to the Company
Land	699
Buildings and Improvements	20,644
Furniture, Fixtures and Equipment	668
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	699
Buildings and Improvements	20,644
Furniture, Fixtures and Equipment	668
Total	22,011
Accumulated Depreciation	(1,338)
Net Book Value	$ 20,673
Year Acquired	2,013
Triple Net Lease | Fleming Point | Greece, NY | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Fleming Point | Greece, NY | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Maple Downs | Fayetteville, NY | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 20,209
Initial Cost to the Company
Land	782
Buildings and Improvements	25,656
Furniture, Fixtures and Equipment	668
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	782
Buildings and Improvements	25,656
Furniture, Fixtures and Equipment	668
Total	27,106
Accumulated Depreciation	(1,591)
Net Book Value	$ 25,515
Year Acquired	2,013
Triple Net Lease | Maple Downs | Fayetteville, NY | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Maple Downs | Fayetteville, NY | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Stoneybrook Lodge | Corvallis, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,288
Initial Cost to the Company
Land	1,543
Buildings and Improvements	18,119
Furniture, Fixtures and Equipment	843
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,543
Buildings and Improvements	18,119
Furniture, Fixtures and Equipment	843
Total	20,505
Accumulated Depreciation	(1,286)
Net Book Value	$ 19,219
Year Acquired	2,013
Triple Net Lease | Stoneybrook Lodge | Corvallis, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Stoneybrook Lodge | Corvallis, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Fountains at Hidden Lakes | Salem, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 5,522
Initial Cost to the Company
Land	903
Buildings and Improvements	6,568
Furniture, Fixtures and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	903
Buildings and Improvements	6,568
Furniture, Fixtures and Equipment	0
Total	7,471
Accumulated Depreciation	(370)
Net Book Value	$ 7,101
Year Acquired	2,013
Triple Net Lease | Fountains at Hidden Lakes | Salem, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Fountains at Hidden Lakes | Salem, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Hidden Lakes | Salem, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,985
Initial Cost to the Company
Land	1,389
Buildings and Improvements	16,639
Furniture, Fixtures and Equipment	893
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,389
Buildings and Improvements	16,639
Furniture, Fixtures and Equipment	893
Total	18,921
Accumulated Depreciation	(1,223)
Net Book Value	$ 17,698
Year Acquired	2,013
Triple Net Lease | Hidden Lakes | Salem, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Hidden Lakes | Salem, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Rock Creek | Hillsboro, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 10,264
Initial Cost to the Company
Land	1,617
Buildings and Improvements	11,783
Furniture, Fixtures and Equipment	486
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,617
Buildings and Improvements	11,783
Furniture, Fixtures and Equipment	486
Total	13,886
Accumulated Depreciation	(805)
Net Book Value	$ 13,081
Year Acquired	2,013
Triple Net Lease | Rock Creek | Hillsboro, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Rock Creek | Hillsboro, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Sheldon Oaks | Eugene, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,511
Initial Cost to the Company
Land	1,577
Buildings and Improvements	17,380
Furniture, Fixtures and Equipment	675
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,577
Buildings and Improvements	17,380
Furniture, Fixtures and Equipment	675
Total	19,632
Accumulated Depreciation	(1,183)
Net Book Value	$ 18,449
Year Acquired	2,013
Triple Net Lease | Sheldon Oaks | Eugene, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Sheldon Oaks | Eugene, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | The Regent | Corvallis, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 6,696
Initial Cost to the Company
Land	1,111
Buildings and Improvements	7,720
Furniture, Fixtures and Equipment	228
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,111
Buildings and Improvements	7,720
Furniture, Fixtures and Equipment	228
Total	9,059
Accumulated Depreciation	(485)
Net Book Value	$ 8,574
Year Acquired	2,013
Triple Net Lease | The Regent | Corvallis, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | The Regent | Corvallis, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Essex House | Lemoyne, PA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 20,272
Initial Cost to the Company
Land	936
Buildings and Improvements	25,585
Furniture, Fixtures and Equipment	669
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	936
Buildings and Improvements	25,585
Furniture, Fixtures and Equipment	668
Total	27,189
Accumulated Depreciation	(1,583)
Net Book Value	$ 25,606
Year Acquired	2,013
Triple Net Lease | Essex House | Lemoyne, PA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Essex House | Lemoyne, PA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Manor at Oakridge | Harrisburg, PA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 19,317
Initial Cost to the Company
Land	992
Buildings and Improvements	24,379
Furniture, Fixtures and Equipment	764
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	992
Buildings and Improvements	24,379
Furniture, Fixtures and Equipment	764
Total	26,135
Accumulated Depreciation	(1,559)
Net Book Value	$ 24,576
Year Acquired	2,013
Triple Net Lease | Manor at Oakridge | Harrisburg, PA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Manor at Oakridge | Harrisburg, PA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Walnut Woods | Boyertown, PA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,941
Initial Cost to the Company
Land	308
Buildings and Improvements	18,058
Furniture, Fixtures and Equipment	496
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	308
Buildings and Improvements	18,058
Furniture, Fixtures and Equipment	496
Total	18,862
Accumulated Depreciation	(1,122)
Net Book Value	$ 17,740
Year Acquired	2,013
Triple Net Lease | Walnut Woods | Boyertown, PA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Walnut Woods | Boyertown, PA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Watermark at Logan Square | Philadelphia, PA | Continuing Care Retirement Communities
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 52,000
Initial Cost to the Company
Land	4,821
Buildings and Improvements	59,964
Furniture, Fixtures and Equipment	2,284
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	4,821
Buildings and Improvements	59,965
Furniture, Fixtures and Equipment	2,284
Total	67,070
Accumulated Depreciation	(1,343)
Net Book Value	$ 65,727
Year Acquired	2,015
Triple Net Lease | Uffelman Estates | Clarksville, TN | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 8,459
Initial Cost to the Company
Land	625
Buildings and Improvements	10,521
Furniture, Fixtures and Equipment	298
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	625
Buildings and Improvements	10,521
Furniture, Fixtures and Equipment	298
Total	11,444
Accumulated Depreciation	(662)
Net Book Value	$ 10,782
Year Acquired	2,013
Triple Net Lease | Uffelman Estates | Clarksville, TN | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Uffelman Estates | Clarksville, TN | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Arlington Plaza | Arlington, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 7,851
Initial Cost to the Company
Land	319
Buildings and Improvements	9,821
Furniture, Fixtures and Equipment	391
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	319
Buildings and Improvements	9,821
Furniture, Fixtures and Equipment	391
Total	10,531
Accumulated Depreciation	(677)
Net Book Value	$ 9,854
Year Acquired	2,013
Triple Net Lease | Arlington Plaza | Arlington, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Arlington Plaza | Arlington, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | The El Dorado | Richardson, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 10,621
Initial Cost to the Company
Land	1,316
Buildings and Improvements	12,220
Furniture, Fixtures and Equipment	710
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,316
Buildings and Improvements	12,220
Furniture, Fixtures and Equipment	710
Total	14,246
Accumulated Depreciation	(930)
Net Book Value	$ 13,316
Year Acquired	2,013
Triple Net Lease | The El Dorado | Richardson, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | The El Dorado | Richardson, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Ventura Place | Lubbock, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,910
Initial Cost to the Company
Land	1,018
Buildings and Improvements	18,034
Furniture, Fixtures and Equipment	946
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,018
Buildings and Improvements	18,034
Furniture, Fixtures and Equipment	946
Total	19,998
Accumulated Depreciation	(1,340)
Net Book Value	$ 18,658
Year Acquired	2,013
Triple Net Lease | Ventura Place | Lubbock, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Ventura Place | Lubbock, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Dogwood Estates | Denton, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,961
Initial Cost to the Company
Land	1,002
Buildings and Improvements	18,525
Furniture, Fixtures and Equipment	714
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,002
Buildings and Improvements	18,525
Furniture, Fixtures and Equipment	714
Total	20,241
Accumulated Depreciation	(1,258)
Net Book Value	$ 18,983
Year Acquired	2,013
Triple Net Lease | Dogwood Estates | Denton, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Dogwood Estates | Denton, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Madison Estates | San Antonio, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 12,303
Initial Cost to the Company
Land	1,528
Buildings and Improvements	14,850
Furniture, Fixtures and Equipment	268
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,528
Buildings and Improvements	14,850
Furniture, Fixtures and Equipment	268
Total	16,646
Accumulated Depreciation	(864)
Net Book Value	$ 15,782
Year Acquired	2,013
Triple Net Lease | Madison Estates | San Antonio, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Madison Estates | San Antonio, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Pinewood Hills | Flower Mound, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 15,026
Initial Cost to the Company
Land	2,073
Buildings and Improvements	17,552
Furniture, Fixtures and Equipment	704
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	2,073
Buildings and Improvements	17,552
Furniture, Fixtures and Equipment	704
Total	20,329
Accumulated Depreciation	(1,205)
Net Book Value	$ 19,124
Year Acquired	2,013
Triple Net Lease | Pinewood Hills | Flower Mound, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Pinewood Hills | Flower Mound, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | The Bentley | Dallas, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,196
Initial Cost to the Company
Land	2,351
Buildings and Improvements	12,271
Furniture, Fixtures and Equipment	526
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	2,351
Buildings and Improvements	12,270
Furniture, Fixtures and Equipment	526
Total	15,147
Accumulated Depreciation	(849)
Net Book Value	$ 14,298
Year Acquired	2,013
Triple Net Lease | The Bentley | Dallas, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | The Bentley | Dallas, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Whiterock Court | Dallas, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 11,448
Initial Cost to the Company
Land	2,837
Buildings and Improvements	12,205
Furniture, Fixtures and Equipment	446
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	2,837
Buildings and Improvements	12,205
Furniture, Fixtures and Equipment	446
Total	15,488
Accumulated Depreciation	(823)
Net Book Value	$ 14,665
Year Acquired	2,013
Triple Net Lease | Whiterock Court | Dallas, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Whiterock Court | Dallas, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Autumn Leaves | Dallas, TX | Continuing Care Retirement Communities
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,457
Initial Cost to the Company
Land	3,851
Buildings and Improvements	18,729
Furniture, Fixtures and Equipment	1,097
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	3,851
Buildings and Improvements	18,728
Furniture, Fixtures and Equipment	1,097
Total	23,676
Accumulated Depreciation	(1,055)
Net Book Value	$ 22,621
Year Acquired	2,014
Triple Net Lease | Autumn Leaves | Dallas, TX | Continuing Care Retirement Communities | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Autumn Leaves | Dallas, TX | Continuing Care Retirement Communities | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Monticello West | Denton, TX | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 17,929
Initial Cost to the Company
Land	3,344
Buildings and Improvements	21,226
Furniture, Fixtures and Equipment	1,225
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	3,344
Buildings and Improvements	21,226
Furniture, Fixtures and Equipment	1,224
Total	25,794
Accumulated Depreciation	(1,174)
Net Book Value	$ 24,620
Year Acquired	2,014
Triple Net Lease | Monticello West | Denton, TX | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Monticello West | Denton, TX | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Parkwood Healthcare | Bedford, TX | Continuing Care Retirement Communities
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 13,181
Initial Cost to the Company
Land	2,746
Buildings and Improvements	15,463
Furniture, Fixtures and Equipment	755
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	2,746
Buildings and Improvements	15,463
Furniture, Fixtures and Equipment	755
Total	18,964
Accumulated Depreciation	(835)
Net Book Value	$ 18,129
Year Acquired	2,014
Triple Net Lease | Parkwood Healthcare | Bedford, TX | Continuing Care Retirement Communities | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Parkwood Healthcare | Bedford, TX | Continuing Care Retirement Communities | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Parkwood Retirement | Bedford, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 10,269
Initial Cost to the Company
Land	2,829
Buildings and Improvements	11,639
Furniture, Fixtures and Equipment	306
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	2,829
Buildings and Improvements	11,639
Furniture, Fixtures and Equipment	306
Total	14,774
Accumulated Depreciation	(557)
Net Book Value	$ 14,217
Year Acquired	2,014
Triple Net Lease | Parkwood Retirement | Bedford, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Parkwood Retirement | Bedford, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Signature Pointe | Dallas, TX | Continuing Care Retirement Communities
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 25,201
Initial Cost to the Company
Land	5,192
Buildings and Improvements	29,486
Furniture, Fixtures and Equipment	1,579
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	5,192
Buildings and Improvements	29,486
Furniture, Fixtures and Equipment	1,579
Total	36,257
Accumulated Depreciation	(1,605)
Net Book Value	$ 34,652
Year Acquired	2,014
Triple Net Lease | Signature Pointe | Dallas, TX | Continuing Care Retirement Communities | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Signature Pointe | Dallas, TX | Continuing Care Retirement Communities | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Walnut Place | Dallas, TX | Continuing Care Retirement Communities
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,962
Initial Cost to the Company
Land	5,241
Buildings and Improvements	18,255
Furniture, Fixtures and Equipment	907
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	5,241
Buildings and Improvements	18,255
Furniture, Fixtures and Equipment	907
Total	24,403
Accumulated Depreciation	(974)
Net Book Value	$ 23,429
Year Acquired	2,014
Triple Net Lease | Walnut Place | Dallas, TX | Continuing Care Retirement Communities | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Walnut Place | Dallas, TX | Continuing Care Retirement Communities | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Pioneer Valley Lodge | North Logan, UT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,694
Initial Cost to the Company
Land	1,049
Buildings and Improvements	17,920
Furniture, Fixtures and Equipment	740
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	1,049
Buildings and Improvements	17,920
Furniture, Fixtures and Equipment	740
Total	19,709
Accumulated Depreciation	(1,251)
Net Book Value	$ 18,458
Year Acquired	2,013
Triple Net Lease | Pioneer Valley Lodge | North Logan, UT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Pioneer Valley Lodge | North Logan, UT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Colonial Harbor | Yorktown, VA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 16,718
Initial Cost to the Company
Land	2,211
Buildings and Improvements	19,523
Furniture, Fixtures and Equipment	689
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	2,211
Buildings and Improvements	19,523
Furniture, Fixtures and Equipment	689
Total	22,423
Accumulated Depreciation	(1,293)
Net Book Value	$ 21,130
Year Acquired	2,013
Triple Net Lease | Colonial Harbor | Yorktown, VA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Colonial Harbor | Yorktown, VA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years
Triple Net Lease | Oakwood Hills | Eau Claire, WI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances	$ 14,807
Initial Cost to the Company
Land	516
Buildings and Improvements	18,872
Furniture, Fixtures and Equipment	645
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land	516
Buildings and Improvements	18,872
Furniture, Fixtures and Equipment	645
Total	20,033
Accumulated Depreciation	(1,249)
Net Book Value	$ 18,784
Year Acquired	2,013
Triple Net Lease | Oakwood Hills | Eau Claire, WI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	3 years
Triple Net Lease | Oakwood Hills | Eau Claire, WI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed	40 years

SCHEDULE III, REAL ESTATE AND64

SCHEDULE III, REAL ESTATE AND ACCUMULATED DEPRECIATION, Rollforward of Gross Carrying Amount and Accumulated Depreciaton (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Gross Carrying Amount [Roll Forward]
Beginning of period	$ 1,638,929	$ 1,373,428	$ 164,360
Acquisitions	1,140,896	260,543	1,205,607
Additions	11,411	8,538	3,502
Disposals and other	(308)	(3,580)	(41)
End of period	2,790,928	1,638,929	1,373,428
Accumulated Depreciation [Roll Forward]
Beginning of period	(56,988)	(10,526)	(1,558)
Depreciation expense	(72,767)	(46,622)	(8,984)
Disposals and other	(33)	160	16
Balance at end of year	$ (129,788)	$ (56,988)	$ (10,526)