Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Details Narrative)

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ACQUISITIONS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Portfolios
Housing
Managed Properties acquired in 2014 [Member]
  
Number of housing properties acquired 5
Number of portfolios acquired 3
Total purchase price $ 44,500
Managed Properties acquired in 2014 [Member] | Senior Housing Property Holiday [Member]
  
Management fees paid, as a percentage of effective gross income (i) 5% of the property's effective gross income or (ii) 6% of the property's effective gross income for the first two years and 7% thereafter
Managed Properties acquired in 2014 [Member] | Senior Housing Properties Blue Harbor [Member]
  
Management fees paid, as a percentage of effective gross income 6% of the property's effective gross income for the first two years and 7% thereafter
Triple Net Lease Properties acquired in 2014 [Member]
  
Number of housing properties acquired 6
Total purchase price 183,031 [1]
Lease term 15 years
Number of renewals available 2
Renewal Term 5 years
Base rent 14,200
Annual rent increase for years 2-4 3.75%
Maximum annual rent increase year 5 onwards 2.50%
Amount committed for capital improvements and other repairs 6,500
Additional amounts committed for further capital improvements $ 9,000
[1] The values assigned above are not yet finalized as Newcastle is in the process of identifying all acquired intangibles and gathering market and other information with which to determine the fair values of the real estate property and intangible assets acquired. Therefore the purchase price allocations set forth above are preliminary and are subject to change. The final determination of fair values for these assets may result in different allocations among the various asset classes from those set forth above and any such differences could be material.