Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Details Narrative)

v2.4.0.8
ACQUISITIONS (Details Narrative) (USD $)
In Thousands, unless otherwise specified
 0 Months Ended 3 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended 9 Months Ended
Apr. 02, 2013
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Affiliated Entity Gatehouse
Sep. 03, 2013
Credit Suisse Line of Credit
Sep. 30, 2013
Senior Living Assets Acquired
Housing
Sep. 30, 2013
Senior Living Assets - Tranche 1
Sep. 30, 2013
Senior Living Assets - Tranche 2
Sep. 03, 2013
Dow Jones Local Media Group
States
Publications
Sep. 30, 2013
Dow Jones Local Media Group
Affiliated Entity Gatehouse
Sep. 30, 2013
Dow Jones Local Media Group
Affiliated Entity Gatehouse
Maximum
Number of housing assets/facilities acquired               19          
Management fees paid, as a percentage of effective gross income                 5% of effective gross income 6% of the property's gross income for the first two years and 7% thereafter      
Acquisition Purchase Price                     $ 86,900    
Transaction costs incurred and capitalized                     4,300    
Equity investment made in acquisition                     56,300    
Debt financing utilized in acquisition                     33,000    
Contributions to equity method investees 250,000     (442,655)              2,400    
Line of credit agreement undrawn capacity             10,000            
Number of publications acquired                     33    
Number of states acquiree operates in                     7    
Number of years acquiree in business for                     75 years    
Line of credit agreement maximum borrowing capacity             43,000            
Variable interest rate basis description             LIBOR            
Variable Interest Rate Spread             6.50%            
LIBOR Floor             1.00%            
Annual management fees to be paid to affiliated manager   7,166 6,852 24,879 17,459             1,100 1,200
Additional management fee to be paid, as a percentage of EBITDA                       12.50%  
Ownership percentage in affiliate's debt           52.20%              
Gatehouse Debt           1,200,000              
Percentage of par offered to GateHouse creditors for conversion of debt           40.00%              
Additional debt facility to be raised           150,000              
Carrying value of creditor debt positions converted           $ 369,900