Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SENIOR LIVING FACILITIES (Tables)

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INVESTMENTS IN SENIOR LIVING FACILITIES (Tables)
 9 Months Ended
Sep. 30, 2012
Investments In Senior Living Facilities Tables  
Schedule of Acquisition of Senior Living Facilities
Investment in real estate   $ 127,443  
Resident lease intangibles     16,454  
Prepaid expenses and other assets     110  
Accounts payable, accrued expenses and other payables     (2,431 )
      141,576  
Mortgage notes payable     (88,400 )
Net cash paid for acquisition   $ 53,176  
Schedule of Depreciation of Acquired Facilities
Asset Categories Estimated Useful Life
Land N/A
Buildings 40 years
Building improvements 3-10 years
Furniture, fixtures and equipment 3-5 years

 
Schedule of Outstanding Investments in Senior Living Real Estate
  Gross Carrying Amount     Accumulated Depreciation     Net Carrying Value  
Land   $ 11,630     $ —     $ 11,630  
Buildings     113,519       (580 )     112,939  
Building improvements     1,959       (54 )     1,905  
Furniture, fixtures and equipment     361       (37 )     324  
Total   $ 127,469     $ (671 )   $ 126,798  

 
Schedule of Resident Lease Intangibles
    Gross Carrying Amount     Accumulated Amortization     Net Carrying Value  
In-place resident lease intangibles   $ 16,454     $ (1,699 )   $ 14,755