Current report filing

SUBSEQUENT EVENTS (Tables)

v2.4.0.8
SUBSEQUENT EVENTS (Tables)
12 Months Ended
Dec. 31, 2012
Subsequent Events Tables  
Schedule of Real Estate Assets Acquired Subsequent Events
The following table provides additional information relating to these acquisitions:
 
           
Number of
 
Number of
Purchase
 
Outstanding
Final Stated
 
Portfolio
 
Acquisition Date
 
Location
 
Communities
Beds
 
Price
 
Debt (A)
 
Maturity
 
Funding Cost
Woodside (B)
July 25, 2013
 
New York
 
1
 
100+
 
 $               18,900
 
 $         14,100
 
August 2016
 
LIBOR + 3.75% (D)
Florida (B)
 
August 1, 2013
 
Florida/North Carolina
15
 
2,000+
 
                200,050
 
            93,364
 
July 2018
 
LIBOR + 3.75% (D)
                       
            52,875
 
April 2020
 
5.50% to 6.76% (E)
Glen Riddle  (C)
August 1, 2013
 
Pennsylvania
 
1
 
100+
 
                 21,150
 
            16,875
 
October 2017
LIBOR + 3.75% (D)
 
(A)
 
Investments are financed with non-recourse debt
     
(B)
 
Managed by a portfolio company of a private equity fund managed by an affiliate of the Manager
(C)   Managed by an affiliate of the Manager
         
(D)
 
These financings have a LIBOR floor of 1%
     
(E)
 
Fixed rate loans that Newcastle assumed from the seller upon acquisition.  In this transaction, Newcastle bought down the interest rate for each assumed loan for 4% for the first two years.