|
ACQUISITIONS IN 2013 (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified |
0 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2013
|
May 15, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
Golf
|
Nov. 06, 2013
Gatehouse
|
Sep. 27, 2013
Gatehouse
|
Nov. 26, 2013
New Media
|
Feb. 13, 2014
New Media
|
Dec. 31, 2009
National Golf Properties
|
Sep. 03, 2013
Credit Suisse Line of Credit
|
Nov. 26, 2013
Lower Range
New Media
|
Nov. 26, 2013
Upper Range
New Media
|
Dec. 31, 2013
Senior Living Assets
Beds
Housing
|
Dec. 31, 2013
Senior Living Assets - Tranche 1
|
Dec. 31, 2013
Senior Living Assets - Tranche 2
|
Dec. 23, 2013
Holiday Portfolio
States
Housing
Units
|
Sep. 03, 2013
Dow Jones Local Media Group
States
|
Dec. 30, 2013
Golf Acquisition - NPG and AGC
States
|
Dec. 30, 2013
Golf Acquisition - Vineyard Property
|
Dec. 30, 2013
Golf Acquisition - NGP
Courses
|
Dec. 30, 2013
Golf Acquisition - AGC
Courses
|
Dec. 30, 2013
Golf Acquisition
|
|
| Number of housing assets/facilities acquired | 21 | 51 | ||||||||||||||||||||
| Acquisition Purchase Price | $ 302,800 | $ 1,000,000 | $ 86,900 | $ 2,000 | $ 500 | |||||||||||||||||
| Number of beds | 3,000 | |||||||||||||||||||||
| Number of facilities managed by affiliated company | 18 | |||||||||||||||||||||
| 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 | ||||||||||||||||||||
| Number of states entity operates in | 24 | 7 | 8 | |||||||||||||||||||
| Number of units | 5,842 | |||||||||||||||||||||
| Lease term | 17 years | |||||||||||||||||||||
| First year rent percentage of purchase price | 6.50% | |||||||||||||||||||||
| Years two through four rent increase from preceding year | 4.50% | |||||||||||||||||||||
| Years five onwards rent increase from preceding year | 3.75% | |||||||||||||||||||||
| Master Tenant security deposit | 43,400 | |||||||||||||||||||||
| Security deposit guarantor minimum net worth | 150,000 | |||||||||||||||||||||
| Security deposit guarantor minimum fixed charge coverage ratio | 110.00% | |||||||||||||||||||||
| Security deposit guarantor maximum leverage ratio | 1000.00% | |||||||||||||||||||||
| Debt Face Amount | 3,213,490 | 2,786,059 | 110,000 | 68,000 | ||||||||||||||||||
| Equity investment made in acquisition | 53,900 | |||||||||||||||||||||
| Earn-Out Liability | 1,500 | |||||||||||||||||||||
| Undiscounted Earn-Out Liability | 4,600 | |||||||||||||||||||||
| Transaction costs incurred and capitalized | 4,300 | |||||||||||||||||||||
| Debt financing utilized in acquisition | 33,000 | |||||||||||||||||||||
| Drawings from line of credit | 33,000 | |||||||||||||||||||||
| 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% | |||||||||||||||||||||
| Carrying value of creditor debt positions converted | 441,500 | |||||||||||||||||||||
| Subsidiary ownership percentage | 84.60% | 100.00% | 100.00% | |||||||||||||||||||
| Credit facility | 165,000 | |||||||||||||||||||||
| Percentage of stock issued | 15.40% | |||||||||||||||||||||
| Warrants issued in exchange for common stock of affiliate | 1,362,479 | |||||||||||||||||||||
| Warrant strike price | 46.35 | |||||||||||||||||||||
| Share price | $ 5.74 | $ 12.33 | $ 12.67 | |||||||||||||||||||
| Historical attrition rate | 5.00% | 7.50% | ||||||||||||||||||||
| Growth rate | 0.00% | |||||||||||||||||||||
| Discount rate - advertiser relationships | 14.50% | 17.00% | ||||||||||||||||||||
| Discountrate - subscriber and customer relationships | 14.50% | 15.50% | ||||||||||||||||||||
| Royalty rates | 1.30% | 2.00% | ||||||||||||||||||||
| Discount rates | 14.50% | 25.00% | ||||||||||||||||||||
| Number of golf courses owned and operated | 27 | 54 | ||||||||||||||||||||
| Number of golf courses managed for third parties | 11 | |||||||||||||||||||||
| Debt fair value | 29,400 | |||||||||||||||||||||
| Cash contributed in restructuring | 46,900 | |||||||||||||||||||||
| Debt facility | 43,000 | 109,000 | ||||||||||||||||||||
| Amount committed to invest | $ 54,500 | |||||||||||||||||||||