Real Property Acquisitions and Development (Details 1) (USD $) | 9 Months Ended |
Sep. 30, 2014 | Sep. 30, 2013 |
Senior housing - triple net [Member] | ' | | ' | |
Estimated Fair Value of Allocated Purchase Price of Asset and Liabilities | ' | | ' | |
Land and land improvements | $36,427,000 | [1] | $56,665,000 | |
Buildings and improvements | 303,273,000 | [1] | 211,903,000 | |
Total assets acquired | 339,700,000 | [1] | 268,568,000 | |
Non-cash acquisition related activity | -1,937,000 | [1] | 0 | |
Cash disbursed for acquisitions | 337,763,000 | [1] | 268,568,000 | |
Construction in progress additions | 79,668,000 | [1] | 103,951,000 | |
Less: Capitalized Interest | -3,258,000 | [1] | -3,337,000 | |
Less: Foreign currency translation | 116,000 | [1] | 0 | |
Cash disbursed for construction in progress | 76,526,000 | [1] | 100,614,000 | |
Capital improvements to existing properties | 13,481,000 | [1] | 27,819,000 | |
Total cash invested in real property | 427,770,000 | [1] | 397,001,000 | |
Senior housing - triple net [Member] | Preliminary [Member] | ' | | ' | |
Estimated Fair Value of Allocated Purchase Price of Asset and Liabilities | ' | | ' | |
Total cash invested in real property | 116,134,000 | | ' | |
Senior housing - operating [Member] | ' | | ' | |
Estimated Fair Value of Allocated Purchase Price of Asset and Liabilities | ' | | ' | |
Land and land improvements | 40,764,000 | [2] | 437,046,000 | |
Buildings and improvements | 224,936,000 | [2] | 4,214,254,000 | |
Acquired lease intangibles | 10,021,000 | [2] | 377,929,000 | |
Acquired Construction in Progress | 27,957,000 | [2] | ' | |
Restricted cash | 0 | [2] | 41,524,000 | |
Receivables and other assets | 5,679,000 | [2] | 81,546,000 | |
Total assets acquired | 309,357,000 | [2],[3] | 5,152,299,000 | [3] |
Secured debt | -12,846,000 | [2] | -1,261,093,000 | |
Accrued expenses and other liabilities | -17,011,000 | [2] | -86,412,000 | |
Total liabilities assumed | -29,857,000 | [2] | -1,347,505,000 | |
Noncontrolling interests | 0 | [2] | -230,441,000 | |
Non-cash acquisition related activity | 0 | [2] | -856,103,000 | [4] |
Cash disbursed for acquisitions | 279,500,000 | [2] | 2,718,250,000 | |
Construction in progress additions | 6,984,000 | [2] | 1,521,000 | |
Less: Capitalized Interest | -293,000 | [2] | -18,000 | |
Less: Foreign currency translation | -810,000 | | ' | |
Cash disbursed for construction in progress | 5,881,000 | [2] | 1,503,000 | |
Capital improvements to existing properties | 52,177,000 | [2] | 36,813,000 | |
Total cash invested in real property | 337,558,000 | [2] | 2,756,566,000 | |
Cash Acquired from Acquisition | 245,000 | [2] | 60,590,000 | |
Senior housing - operating [Member] | Preliminary [Member] | ' | | ' | |
Estimated Fair Value of Allocated Purchase Price of Asset and Liabilities | ' | | ' | |
Total cash invested in real property | 23,922,000 | | ' | |
Medical facilities [Member] | ' | | ' | |
Estimated Fair Value of Allocated Purchase Price of Asset and Liabilities | ' | | ' | |
Land and land improvements | 29,588,000 | [5] | 0 | |
Buildings and improvements | 471,410,000 | [5] | 144,708,000 | |
Acquired lease intangibles | 17,440,000 | [5] | 0 | |
Restricted cash | ' | | 505,000 | |
Receivables and other assets | 1,245,000 | [5] | 151,000 | |
Total assets acquired | 519,683,000 | [5] | 145,364,000 | |
Secured debt | -50,500,000 | [5] | -26,300,000 | |
Accrued expenses and other liabilities | -9,308,000 | [5] | -479,000 | |
Total liabilities assumed | -59,808,000 | [5] | -26,779,000 | |
Noncontrolling interests | -39,987,000 | [5] | ' | |
Non-cash acquisition related activity | -45,836,000 | [5],[6] | -12,056,000 | [6] |
Cash disbursed for acquisitions | 374,052,000 | [5] | 106,529,000 | |
Construction in progress additions | 71,245,000 | [5] | 87,882,000 | |
Less: Capitalized Interest | -1,533,000 | [5] | -1,343,000 | |
Less: Accruals | -11,290,000 | [5],[7] | -9,806,000 | [7] |
Cash disbursed for construction in progress | 58,422,000 | [5] | 76,733,000 | |
Capital improvements to existing properties | 20,666,000 | [5] | 17,887,000 | |
Total cash invested in real property | 453,140,000 | [5] | 201,149,000 | |
Medical facilities [Member] | Preliminary [Member] | ' | | ' | |
Estimated Fair Value of Allocated Purchase Price of Asset and Liabilities | ' | | ' | |
Total cash invested in real property | $200,295,000 | | ' | |
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[1] | (1) Includes acquisitions with an aggregate purchase price of $83,615,000 for which the allocation of the purchase price consideration is preliminary and subject to change. |
[2] | (1) Includes acquisitions with an aggregate purchase price of $262,935,000 for which the allocation of the purchase price consideration is preliminary and subject to change. |
[3] | (2) Excludes $8,476,000 and $87,406,000 of cash acquired during the nine months ended September 30, 2014 and 2013, respectively. |
[4] | (3) Represents Sunrise loan and noncontrolling interests acquisitions. |
[5] | (1) Includes acquisitions with an aggregate purchase price of $500,177,000 for which the allocation of the purchase price consideration is preliminary and subject to change. |
[6] | (3) Represents non-cash accruals for amounts to be paid in future periods relating to properties that converted in the periods noted above. |
[7] | (2) For the nine month period ended September 30, 2014, relates to an acquisition of assets previously financed as real estate loans. Please refer to Note 6 for additional information. For the nine month period ended September 30, 2013, relates to an asset swap transaction. Please refer to Note 5 for additional information. |