Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS - Senior Housing Assets (Details)

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ACQUISITIONS - Senior Housing Assets (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2013
Woodside Portfolio
Housing
Sep. 30, 2013
Florida Portfolio
Housing
Sep. 30, 2013
Glen Riddle Portfolio
Housing
Sep. 30, 2013
Royal Palm Portfolio
Housing
Sep. 30, 2013
Schenley Gardens Portfolio
Housing
Sep. 30, 2013
Senior Living Assets Acquired
Allocation Of Purchase Price                
Investments in Real Estate $ 409,041 $ 169,473 $ 13,300 [1] $ 178,009 [1] $ 19,050 [1] $ 16,938 [1] $ 15,308 [1] $ 242,605 [1]
Resident Lease Intangibles     1,900 [1] 21,589 [1] 2,100 [1] 1,800 [1] 1,150 [1] 28,539 [1]
Non-compete Intangibles        [1]    [1] 1,000 [1]    [1]    [1] 1,000 [1]
Other intangibles, net of accumulated depreciation     3,700 [1]    [1]    [1]    [1]    [1] 3,700 [1]
Assumed Mortgage Notes Payable        [1] (41,443) [1]    [1]    [1]    [1] (41,443) [1]
Earn-Out Liability        [1],[2] (1,500) [1],[2]    [1],[2]    [1],[2]    [1],[2] (1,500) [1],[2]
Other Assets, net of Other Liabilities     51 1,231 215 (98) (108) 1,291
Total Purchase Price     18,951 [1] 157,886 [1] 22,365 [1] 18,640 [1] 16,350 [1] 234,192 [1]
Mortgage notes payable     (14,100) [1],[3] (102,953) [1],[3] (16,875) [1],[3] (14,250) [1],[3] (8,250) [1],[3] (156,428) [1],[3]
Net consideration paid     4,851 [1] 54,933 [1] 5,490 [1] 4,390 [1] 8,100 [1] 77,764 [1]
Total acquisition related costs     $ 475 [1],[4] $ 3,319 [1],[4] $ 507 [1],[4] $ 224 [1],[4] $ 629 [1],[4] $ 5,154 [1],[4]
Acquisition Date     July 2013 August 2013 August 2013 September 2013 Sptember 2013  
Location     New York [1] Florida/North Carolina [1] Pennsylvania [1] Florida [1] Pennsylvania [1]  
Number of Communities     1 [1] 15 [1] 1 [1] 1 [1] 1 [1]  
[1] (A) Due to the timing of the acquisition, Newcastle is still obtaining additional information relating to the purchase price allocation. Therefore, the review process of the purchase price allocation is not complete. Newcastle expects to complete this process by December 31, 2013.
[2] (B) The amount represents the fair value of a contingent liability relating to Newcastle's agreement to pay the seller an earn-out payment if the aggregate EBITDA for the Florida portfolio for any calendar years in which the third, fourth, fifth and/or sixth anniversary of the acquisition date occurs is equal to or in excess of an earn-out threshold, as defined within the agreement.
[3] (C) See Note 9.
[4] (D) Acquisition related costs are expensed as incurred and included within general and administrative expense on the statement of income.