Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION

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INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION
6 Months Ended
Jun. 30, 2014
Real Estate [Abstract]  
INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION
7.    INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION
 
The following table summarizes Newcastle’s investments in real estate:
 
June 30, 2014
 
December 31, 2013
 
Gross
Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
 
Gross
Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
Senior Housing
 
 
 
 
 
 
 
 
 
 
 
Land
$
130,476
 
$
 
$
130,476
 
$
102,235
 
$
 
$
102,235
Buildings
1,366,356
 
(22,651
)
 
1,343,705
 
1,199,672
 
(7,523
)
 
1,192,149
Building improvements
21,318
 
(1,941
)
 
19,377
 
20,704
 
(549
)
 
20,155
Furniture, fixtures and equipment
61,353
 
(7,502
)
 
53,851
 
50,711
 
(2,350
)
 
48,361
Investments in Senior Housing Real Estate
$
1,579,503
 
$
(32,094
)
 
$
1,547,409
 
$
1,373,322
 
$
(10,422
)
 
$
1,362,900
 
 
June 30, 2014
 
December 31, 2013
 
Gross Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
 
Gross
Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
Golf
 
 
 
 
 
 
 
 
 
 
 
Land
$
93,534
 
$
 
$
93,534
 
$
93,534
 
$
 
$
93,534
Buildings
50,962
 
(2,265
)
 
48,697
 
50,615
 
 
50,615
Building improvements
91,934
 
(6,077
)
 
85,857
 
90,736
 
 
90,736
Furniture, fixtures and equipment
20,459
 
(3,178
)
 
17,281
 
18,353
 
 
18,353
Capital leases - equipment
3,830
 
(63
)
 
3,767
 
 
 
Construction in progress
7,849
 
 
7,849
 
5,660
 
 
5,660
Golf Total
268,568
 
(11,583
)
 
256,985
 
258,898
 
 
258,898
 
 
 
 
 
 
 
 
 
 
 
 
Other Commercial Real Estate
 
 
 
 
 
 
 
 
 
 
 
Land
1,106
 
 
1,106
 
1,106
 
 
1,106
Buildings
6,588
 
(1,443
)
 
5,145
 
6,588
 
(1,356
)
 
5,232
Building improvements
1,002
 
(738
)
 
264
 
970
 
(711
)
 
259
Furniture, fixtures and equipment
 
 
 
 
 
Other Commercial Real Estate Total
8,696
 
(2,181
)
 
6,515
 
8,664
 
(2,067
)
 
6,597
 
 
 
 
 
 
 
 
 
 
 
 
Investments in Other Real Estate
$
277,264
 
$
(13,764
)
 
$
263,500
 
$
267,562
 
$
(2,067
)
 
$
265,495