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INVESTMENTS IN SENIOR HOUSING REAL ESTATE - Investments in Senior Housing Real Estate (Details)

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INVESTMENTS IN SENIOR HOUSING REAL ESTATE - Investments in Senior Housing Real Estate (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Senior Housing Facilities AL/MC Scottsdale AZ
    
Property Type AL/MC [1]  
Location Scottsdale, AZ  
Initial cost - land $ 2,307  
Initial cost - building 16,809  
Initial cost - building improvements 183  
Initial cost - furniture, fixtures and equipment 101  
Costs capitalized subsequent to acquisition 170  
Gross Carrying Amount - land 2,307  
Gross Carrying Amount - building 16,809  
Gross Carrying Amount - building improvements 327  
Gross Carrying Amount - furniture, fixtures and equipment 127  
Gross Carrying Amount 19,570 [2],[3]  
Accumulated Depreciation (708) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1999 [5]  
Year Renovated 2005 [5]  
Net carrying value 18,862 19,212
Encumbrances 16,380 [6] 12,600 [6]
Senior Housing Facilities AL/MC Citrus Heights CA
    
Property Type AL/MC [1]  
Location Citrus Heights, CA  
Initial cost - land 831  
Initial cost - building 3,089  
Initial cost - building improvements 94  
Initial cost - furniture, fixtures and equipment 59  
Costs capitalized subsequent to acquisition 29  
Gross Carrying Amount - land 831  
Gross Carrying Amount - building 3,090  
Gross Carrying Amount - building improvements 114  
Gross Carrying Amount - furniture, fixtures and equipment 67  
Gross Carrying Amount 4,102 [2],[3]  
Accumulated Depreciation (154) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1997 [5]  
Year Renovated 2011 [5]  
Net carrying value 3,948 4,027
Encumbrances 3,440 [6] 2,940 [6]
Senior Housing Facilities AL/MC Santa Cruz CA
    
Property Type AL/MC [1]  
Location Santa Cruz, CA  
Initial cost - land 2,255  
Initial cost - building 20,931  
Initial cost - building improvements 265  
Initial cost - furniture, fixtures and equipment 58  
Costs capitalized subsequent to acquisition 124  
Gross Carrying Amount - land 2,255  
Gross Carrying Amount - building 20,932  
Gross Carrying Amount - building improvements 370  
Gross Carrying Amount - furniture, fixtures and equipment 76  
Gross Carrying Amount 23,633 [2],[3]  
Accumulated Depreciation (870) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1990 [5]  
Net carrying value 22,763 23,272
Encumbrances 19,850 [6] 17,220 [6]
Senior Housing Facilities AL/MC Clovis CA
    
Property Type AL/MC [1]  
Location Clovis, CA  
Initial cost - land 1,133  
Initial cost - building 16,789  
Initial cost - building improvements 205  
Initial cost - furniture, fixtures and equipment 45  
Costs capitalized subsequent to acquisition 77  
Gross Carrying Amount - land 1,133  
Gross Carrying Amount - building 16,790  
Gross Carrying Amount - building improvements 235  
Gross Carrying Amount - furniture, fixtures and equipment 91  
Gross Carrying Amount 18,249 [2],[3]  
Accumulated Depreciation (671) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1998 [5]  
Year Renovated 2007 [5]  
Net carrying value 17,578 17,969
Encumbrances 15,343 [6] 11,700 [6]
Senior Housing Facilities AL/MC Boise ID
    
Property Type AL/MC [1]  
Location Boise, ID  
Initial cost - land 1,465  
Initial cost - building 13,157  
Initial cost - building improvements 477  
Initial cost - furniture, fixtures and equipment 58  
Costs capitalized subsequent to acquisition 116  
Gross Carrying Amount - land 1,465  
Gross Carrying Amount - building 13,157  
Gross Carrying Amount - building improvements 580  
Gross Carrying Amount - furniture, fixtures and equipment 71  
Gross Carrying Amount 15,273 [2],[3]  
Accumulated Depreciation (599) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1997 [5]  
Year Renovated 2011 [5]  
Net carrying value 14,674 15,016
Encumbrances 12,799 [6] 12,960 [6]
Senior Housing Facilities AL/MC Corvallis OR
    
Property Type AL/MC [1]  
Location Corvallis, OR  
Initial cost - land 1,060  
Initial cost - building 4,886  
Initial cost - building improvements 164  
Initial cost - furniture, fixtures and equipment 8  
Costs capitalized subsequent to acquisition 56  
Gross Carrying Amount - land 1,060  
Gross Carrying Amount - building 4,886  
Gross Carrying Amount - building improvements 196  
Gross Carrying Amount - furniture, fixtures and equipment 32  
Gross Carrying Amount 6,174 [2],[3]  
Accumulated Depreciation (209) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1999 [5]  
Net carrying value 5,965 6,069
Encumbrances 5,166 [6] 3,020 [6]
Senior Housing Facilities AL/MC Eugene OR
    
Property Type AL/MC [1]  
Location Eugene, OR  
Initial cost - land 935  
Initial cost - building 20,383  
Initial cost - building improvements 411  
Initial cost - furniture, fixtures and equipment 91  
Costs capitalized subsequent to acquisition 88  
Gross Carrying Amount - land 935  
Gross Carrying Amount - building 20,383  
Gross Carrying Amount - building improvements 507  
Gross Carrying Amount - furniture, fixtures and equipment 83  
Gross Carrying Amount 21,908 [2],[3]  
Accumulated Depreciation (862) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1998 [5]  
Net carrying value 21,046 21,607
Encumbrances 18,425 [6] 15,480 [6]
Senior Housing Facilities AL/MC Cottonwood Heights UT
    
Property Type AL/MC [1]  
Location Cottonwood Heights, UT  
Initial cost - land 1,496  
Initial cost - building 16,160  
Initial cost - building improvements 238  
Initial cost - furniture, fixtures and equipment 58  
Costs capitalized subsequent to acquisition 154  
Gross Carrying Amount - land 1,496  
Gross Carrying Amount - building 16,160  
Gross Carrying Amount - building improvements 275  
Gross Carrying Amount - furniture, fixtures and equipment 175  
Gross Carrying Amount 18,106 [2],[3]  
Accumulated Depreciation (674) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 2001 [5]  
Net carrying value 17,432 17,772
Encumbrances 15,159 [6] 12,480 [6]
Senior Housing Facilities AL/MC Bountiful UT
    
Property Type AL/MC [1]  
Location Bountiful, UT  
Initial cost - land 570  
Initial cost - building 9,492  
Initial cost - building improvements 66  
Initial cost - furniture, fixtures and equipment 50  
Costs capitalized subsequent to acquisition 362  
Gross Carrying Amount - land 570  
Gross Carrying Amount - building 9,492  
Gross Carrying Amount - building improvements 298  
Gross Carrying Amount - furniture, fixtures and equipment 180  
Gross Carrying Amount 10,540 [2],[3]  
Accumulated Depreciation (355) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1978 [5]  
Year Renovated 2000 [5]  
Net carrying value 10,185 10,171
Encumbrances 8,819 [6] 10,024 [6]
Senior Housing Facilities AL/MC Taylorsville UT
    
Property Type AL/MC [1]  
Location Taylorsville, UT  
Initial cost - land 1,111  
Initial cost - building 3,009  
Initial cost - building improvements 117  
Initial cost - furniture, fixtures and equipment 39  
Costs capitalized subsequent to acquisition 266  
Gross Carrying Amount - land 1,111  
Gross Carrying Amount - building 3,009  
Gross Carrying Amount - building improvements 242  
Gross Carrying Amount - furniture, fixtures and equipment 180  
Gross Carrying Amount 4,542 [2],[3]  
Accumulated Depreciation (154) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1976 [5]  
Year Renovated 1994 [5]  
Net carrying value 4,388 4,276
Encumbrances 3,704 [6] 3,341 [6]
Senior Housing Facilities AL/MC Salt Lake City UT
    
Property Type AL/MC [1]  
Location Salt Lake City, UT  
Initial cost - land 700  
Initial cost - building 3,253  
Initial cost - building improvements 44  
Initial cost - furniture, fixtures and equipment 15  
Costs capitalized subsequent to acquisition 212  
Gross Carrying Amount - land 700  
Gross Carrying Amount - building 3,253  
Gross Carrying Amount - building improvements 131  
Gross Carrying Amount - furniture, fixtures and equipment 140  
Gross Carrying Amount 4,224 [2],[3]  
Accumulated Depreciation (129) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1984 [5]  
Year Renovated 2007 [5]  
Net carrying value 4,095 4,017
Encumbrances 3,476 [6] 2,635 [6]
Senior Housing Facilities AL/MC Fort Worth TX
    
Property Type AL/MC [1]  
Location Fort Worth, TX  
Initial cost - land 2,130  
Initial cost - building 16,260  
Initial cost - building improvements 338  
Initial cost - furniture, fixtures and equipment 672  
Costs capitalized subsequent to acquisition 139  
Gross Carrying Amount - land 2,130  
Gross Carrying Amount - building 16,260  
Gross Carrying Amount - building improvements 423  
Gross Carrying Amount - furniture, fixtures and equipment 726  
Gross Carrying Amount 19,539 [2],[3]  
Accumulated Depreciation (775) [2],[4]  
Year Acquired 2012 [5]  
Year Constructed 1986 [5]  
Net carrying value 18,764 19,393
Encumbrances 16,125 [6] 16,125 [6]
Senior Housing Assets Acquired in 2012
    
Initial cost - land 15,993  
Initial cost - building 144,218  
Initial cost - building improvements 2,602  
Initial cost - furniture, fixtures and equipment 1,254  
Costs capitalized subsequent to acquisition 1,793  
Gross Carrying Amount - land 15,993  
Gross Carrying Amount - building 144,221  
Gross Carrying Amount - building improvements 3,698  
Gross Carrying Amount - furniture, fixtures and equipment 1,948  
Gross Carrying Amount 165,860 [2],[3]  
Accumulated Depreciation (6,160) [2],[4]  
Net carrying value 159,700 162,801
Encumbrances $ 138,686 [6] $ 120,525 [6]
[1] AL represents assisted living; IL represents independent living and MC represents memory care.
[2] The following is a rollforward of the gross carrying amount and accumulated depreciation of senior housing real estate for the years ended December 31, 2013 and 2012.
[3] The aggregate United States federal income tax basis for Newcastle's senior housing real estate at December 31, 2013 was approximately $1.4 billion.
[4] Depreciation is calculated on a straight line basis using the estimated useful lives detailed in Note 2.
[5] Unaudited.
[6] See Note 14.