Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN REAL ESTATE AND INTANGIBLES (Tables)

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INVESTMENTS IN REAL ESTATE AND INTANGIBLES (Tables)
3 Months Ended
Mar. 31, 2013
Investments In Real Estate And Intangibles Tables  
Schedule of Investments in Real Estate
The following table summarizes Newcastle’s investments in real estate:
 
   
March 31, 2013
   
December 31, 2012
 
   
Gross Carrying Amount
   
Accumulated Depreciation
   
Net Carrying Value
   
Gross Carrying Amount
   
Accumulated Depreciation
   
Net Carrying Value
 
Senior Living
                                   
Land
  $ 15,993     $     $ 15,993     $ 15,993     $     $ 15,993  
Buildings
    144,676       (2,254 )     142,422       144,676       (1,349 )     143,327  
Building improvements
    2,492       (221 )     2,271       2,433       (124 )     2,309  
Furniture, fixtures and equipment
    1,325       (236 )     1,089       1,257       (85 )     1,172  
Senior Living Total
  $ 164,486     $ (2,711 )   $ 161,775     $ 164,359     $ (1,558 )   $ 162,801  
                                                 
Other Commercial Real Estate
                                               
Land
  $ 1,106     $     $ 1,106     $ 1,106     $     $ 1,106  
Buildings
    6,588       (1,225 )     5,363       6,588       (1,181 )     5,407  
Building improvements
    951       (680 )     271       826       (667 )     159  
Furniture, fixtures and equipment
                                   
Other Commercial Real Estate Total
  $ 8,645     $ (1,905 )   $ 6,740     $ 8,520     $ (1,848 )   $ 6,672  
 
                                               
Total Investments in Real Estate
  $ 173,131     $ (4,616 )   $ 168,515     $ 172,879     $ (3,406 )   $ 169,473  
 
Schedule of Intangibles
The following table summarizes Newcastle’s intangible assets related to its senior living real estate:
 
   
March 31, 2013
   
December 31, 2012
 
   
Gross Carrying Amount
   
Accumulated Amortization
 
Net Carrying Value
   
Gross Carrying Amount
   
Accumulated Amortization
 
Net Carrying Value
 
In-place resident lease intangibles
  $ 22,711     $ (7,043 )   $ 15,668     $ 22,711     $ (4,205 )   $ 18,506  
Non-compete intangibles
    600       (50 )     550       600       (20 )     580  
Total intangibles
  $ 23,311     $ (7,093 )   $ 16,218     $ 23,311     $ (4,225 )   $ 19,086