Current report filing

INVESTMENTS IN SENIOR HOUSING REAL ESTATE - Rollforward of Investments in Senior Housing Real Estate (Details 2)

v2.4.0.8
INVESTMENTS IN SENIOR HOUSING REAL ESTATE - Rollforward of Investments in Senior Housing Real Estate (Details 2) (Senior Housing, USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Senior Housing
    
Gross Carrying Amount    
Balance, beginning of year $ 164,359   
Additions:    
Acquisitions of real estate 1,205,558 164,067
Improvements 3,450 296
Transferred from assets held for sale      
Disposals:    
Disposal of long-lived assets (45) (4)
Balance, end of year 1,373,322 [1],[2] 164,359
Accumulated Depreciation    
Balance, beginning of year (1,558)   
Additions:    
Depreciation expenses (8,874) (1,559)
Transferred from assets held for sale      
Disposals:    
Disposal of long-lived assets 10 1
Balance, end of year $ (10,422) [1],[3] $ (1,558)
[1] 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.
[2] The aggregate United States federal income tax basis for Newcastle's senior housing real estate at December 31, 2013 was approximately $1.4 billion.
[3] Depreciation is calculated on a straight line basis using the estimated useful lives detailed in Note 2.