| Schedule of Investments in Real Estate |
The following table summarizes
Newcastles investments in real estate:
| |
|
September 30, 2013 |
|
|
December 31, 2012 |
|
| |
|
Gross Carrying Amount |
|
|
Accumulated Depreciation |
|
|
Net Carrying Value |
|
|
Gross Carrying Amount |
|
|
Accumulated Depreciation |
|
|
Net Carrying Value |
|
| Senior Housing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Land |
|
$ |
43,494 |
|
|
$ |
|
|
|
$ |
43,494 |
|
|
$ |
15,993 |
|
|
$ |
|
|
|
$ |
15,993 |
|
| Buildings |
|
|
341,249 |
|
|
|
(4,810 |
) |
|
|
336,439 |
|
|
|
144,676 |
|
|
|
(1,349 |
) |
|
|
143,327 |
|
| Building improvements |
|
|
6,668 |
|
|
|
(461 |
) |
|
|
6,207 |
|
|
|
2,433 |
|
|
|
(124 |
) |
|
|
2,309 |
|
| Furniture, fixtures
and equipment |
|
|
17,283 |
|
|
|
(1,014 |
) |
|
|
16,269 |
|
|
|
1,257 |
|
|
|
(85 |
) |
|
|
1,172 |
|
| Senior Housing
Total |
|
$ |
408,694 |
|
|
$ |
(6,285 |
) |
|
$ |
402,409 |
|
|
$ |
164,359 |
|
|
$ |
(1,558 |
) |
|
$ |
162,801 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Commercial
Real Estate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Land |
|
$ |
1,106 |
|
|
$ |
|
|
|
$ |
1,106 |
|
|
$ |
1,106 |
|
|
$ |
|
|
|
$ |
1,106 |
|
| Buildings |
|
|
6,588 |
|
|
|
(1,312 |
) |
|
|
5,276 |
|
|
|
6,588 |
|
|
|
(1,181 |
) |
|
|
5,407 |
|
| Building improvements |
|
|
951 |
|
|
|
(701 |
) |
|
|
250 |
|
|
|
826 |
|
|
|
(667 |
) |
|
|
159 |
|
| Furniture, fixtures and equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Commercial Real Estate
Total |
|
$ |
8,645 |
|
|
$ |
(2,013 |
) |
|
$ |
6,632 |
|
|
$ |
8,520 |
|
|
$ |
(1,848 |
) |
|
$ |
6,672 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Real Estate |
|
$ |
417,339 |
|
|
$ |
(8,298 |
) |
|
$ |
409,041 |
|
|
$ |
172,879 |
|
|
$ |
(3,406 |
) |
|
$ |
169,473 |
|
|
| Schedule of Intangibles |
The following table summarizes Newcastles
intangible assets related to its senior housing real estate:
| |
|
September 30, 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 |
|
$ |
51,250 |
|
|
$ |
(14,983 |
) |
|
$ |
36,267 |
|
|
$ |
22,711 |
|
|
$ |
(4,205 |
) |
|
$ |
18,506 |
|
| Non-compete intangibles |
|
|
1,600 |
|
|
|
(143 |
) |
|
|
1,457 |
|
|
|
600 |
|
|
|
(20 |
) |
|
|
580 |
|
| Other intangibles |
|
|
3,700 |
|
|
|
(53 |
) |
|
|
3,647 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total intangibles |
|
$ |
56,550 |
|
|
$ |
(15,179 |
) |
|
$ |
41,371 |
|
|
$ |
23,311 |
|
|
$ |
(4,225 |
) |
|
$ |
19,086 |
|
|