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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
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Dec. 31, 2013
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Dec. 31, 2012
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| Consolidation percentage | 50.00% | |
| Prepayment penalties, included in interest income | $ 200 | $ 2,700 |
| REIT Distribution Threshold for Nontaxation | 90.00% | |
| Percentage of distribution that must be maid within the taxable year to avoid excise tax | 85.00% | |
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In-Place Resident Lease Intangibles | AL/MC Properties
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| Amortization period | 24 months | |
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In-Place Resident Lease Intangibles | IL-Only Properties
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| Amortization period | 33 months | |
| X | ||||||||||
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- Definition
The ownership percentage in subsidiaries and other investment entities for which Newcastle will consolidate results and balances into its parent company financial statements. No definition available.
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- Definition
Prepayment penalties on real estate securities and loans receivable for early payment. These are recognized in Interest Income. No definition available.
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- Definition
The threshold rate of income to be distributed by the company to stockholders by prescribed dates, that will generally allow the company to not be subject to US federal corporate income taxes. Other requirements also must be met. No definition available.
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- Definition
The percentage of a distribution to stockholders that must be distributed within the taxable year in order to avoid imposition of certain excise taxes. No definition available.
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- Definition
Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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