Annual report pursuant to Section 13 and 15(d)

INTANGIBLES

v2.4.0.6
INTANGIBLES
12 Months Ended
Dec. 31, 2012
Intangibles  
INTANGIBLES
8.  INTANGIBLES
 
The following table summarizes Newcastle’s intangibles related to its senior living real estate:
 
   
December 31, 2012
   
December 31, 2011
 
   
Gross Carrying Amount
   
Accumulated Amortization
   
Net Carrying Value
   
Gross Carrying Amount
   
Accumulated Amortization
   
Net Carrying Value
 
In-place resident lease intangibles
  $ 22,711     $ (4,205 )   $ 18,506     $ -     $ -     $ -  
Non-compete intangibles
    600       (20 )     580       -       -       -  
Total intangibles
  $ 23,311     $ (4,225 )   $ 19,086     $ -     $ -     $ -  
 
The unamortized balance of in-place lease and other intangible assets at December 31, 2012 will be charged to depreciation and amortization expense through 2017 as follows:
 
2013
  $ 11,475  
2014
    7,271  
2015
    120  
2016
    120  
2017
    100  
Thereafter
    -  
    $ 19,086