Annual report pursuant to Section 13 and 15(d)

INVESTMENTS IN OTHER REAL ESTATE - Investments in Other Real Estate (Details)

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INVESTMENTS IN OTHER REAL ESTATE - Investments in Other Real Estate (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Golf Course - California
      
Property Type GC [1]    
Location California    
Initial cost - land $ 62,000    
Initial cost - building 21,185    
Initial cost - building improvements 59,116    
Initial cost - furniture, fixtures and equipment 12,461    
Initial cost - construction In-Progress 4,766    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land 62,000    
Gross Carrying Amount - building 21,185    
Gross Carrying Amount - building improvements 59,116    
Gross Carrying Amount - furniture, fixtures and equipment 12,461    
Gross Carrying Amount - Construction In-Progress 4,766    
Gross Carrying Amount 159,528 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Florida
      
Property Type GC [1]    
Location Florida    
Initial cost - land       
Initial cost - building 406    
Initial cost - building improvements 759    
Initial cost - furniture, fixtures and equipment 822    
Initial cost - construction In-Progress 35    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land       
Gross Carrying Amount - building 406    
Gross Carrying Amount - building improvements 759    
Gross Carrying Amount - furniture, fixtures and equipment 822    
Gross Carrying Amount - Construction In-Progress 35    
Gross Carrying Amount 2,022 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Georgia
      
Property Type GC [1]    
Location Georgia    
Initial cost - land 2,400    
Initial cost - building 1,635    
Initial cost - building improvements 8,055    
Initial cost - furniture, fixtures and equipment 729    
Initial cost - construction In-Progress       
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land 2,400    
Gross Carrying Amount - building 1,635    
Gross Carrying Amount - building improvements 8,055    
Gross Carrying Amount - furniture, fixtures and equipment 729    
Gross Carrying Amount - Construction In-Progress       
Gross Carrying Amount 12,819 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Hawaii
      
Property Type GC [1]    
Location Hawaii    
Initial cost - land       
Initial cost - building 17    
Initial cost - building improvements 192    
Initial cost - furniture, fixtures and equipment 135    
Initial cost - construction In-Progress       
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land       
Gross Carrying Amount - building 17    
Gross Carrying Amount - building improvements 192    
Gross Carrying Amount - furniture, fixtures and equipment 135    
Gross Carrying Amount - Construction In-Progress       
Gross Carrying Amount 344 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Idaho
      
Property Type GC [1]    
Location Idaho    
Initial cost - land 2,700    
Initial cost - building 321    
Initial cost - building improvements 1,995    
Initial cost - furniture, fixtures and equipment 271    
Initial cost - construction In-Progress 13    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land 2,700    
Gross Carrying Amount - building 321    
Gross Carrying Amount - building improvements 1,995    
Gross Carrying Amount - furniture, fixtures and equipment 271    
Gross Carrying Amount - Construction In-Progress 13    
Gross Carrying Amount 5,300 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - New Jersey
      
Property Type GC [1]    
Location New Jersey    
Initial cost - land 7,733    
Initial cost - building       
Initial cost - building improvements       
Initial cost - furniture, fixtures and equipment       
Initial cost - construction In-Progress       
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land 7,733    
Gross Carrying Amount - building       
Gross Carrying Amount - building improvements       
Gross Carrying Amount - furniture, fixtures and equipment       
Gross Carrying Amount - Construction In-Progress       
Gross Carrying Amount 7,733 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - New Mexico
      
Property Type GC [1]    
Location New Mexico    
Initial cost - land 1,700    
Initial cost - building 1,171    
Initial cost - building improvements 6,703    
Initial cost - furniture, fixtures and equipment 447    
Initial cost - construction In-Progress 359    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land 1,700    
Gross Carrying Amount - building 1,171    
Gross Carrying Amount - building improvements 6,703    
Gross Carrying Amount - furniture, fixtures and equipment 447    
Gross Carrying Amount - Construction In-Progress 359    
Gross Carrying Amount 10,380 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - New York
      
Property Type GC [1]    
Location New York    
Initial cost - land       
Initial cost - building 22,818    
Initial cost - building improvements 2,168    
Initial cost - furniture, fixtures and equipment 2,219    
Initial cost - construction In-Progress 48    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land       
Gross Carrying Amount - building 22,818    
Gross Carrying Amount - building improvements 2,168    
Gross Carrying Amount - furniture, fixtures and equipment 2,219    
Gross Carrying Amount - Construction In-Progress 48    
Gross Carrying Amount 27,253 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Oklahoma
      
Property Type GC [1]    
Location Oklahoma    
Initial cost - land       
Initial cost - building 761    
Initial cost - building improvements 294    
Initial cost - furniture, fixtures and equipment 344    
Initial cost - construction In-Progress 68    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land       
Gross Carrying Amount - building 761    
Gross Carrying Amount - building improvements 294    
Gross Carrying Amount - furniture, fixtures and equipment 344    
Gross Carrying Amount - Construction In-Progress 68    
Gross Carrying Amount 1,467 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Oregon
      
Property Type GC [1]    
Location Oregon    
Initial cost - land 6,900    
Initial cost - building 1,540    
Initial cost - building improvements 7,166    
Initial cost - furniture, fixtures and equipment 457    
Initial cost - construction In-Progress 50    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land 6,900    
Gross Carrying Amount - building 1,540    
Gross Carrying Amount - building improvements 7,166    
Gross Carrying Amount - furniture, fixtures and equipment 457    
Gross Carrying Amount - Construction In-Progress 50    
Gross Carrying Amount 16,113 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Tennessee
      
Property Type GC [1]    
Location Tennessee    
Initial cost - land 6,400    
Initial cost - building 297    
Initial cost - building improvements 2,018    
Initial cost - furniture, fixtures and equipment 322    
Initial cost - construction In-Progress 233    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land 6,400    
Gross Carrying Amount - building 297    
Gross Carrying Amount - building improvements 2,018    
Gross Carrying Amount - furniture, fixtures and equipment 322    
Gross Carrying Amount - Construction In-Progress 233    
Gross Carrying Amount 9,270 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Texas
      
Property Type GC [1]    
Location Texas    
Initial cost - land       
Initial cost - building 166    
Initial cost - building improvements 276    
Initial cost - furniture, fixtures and equipment 569    
Initial cost - construction In-Progress 59    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land       
Gross Carrying Amount - building 166    
Gross Carrying Amount - building improvements 276    
Gross Carrying Amount - furniture, fixtures and equipment 569    
Gross Carrying Amount - Construction In-Progress 59    
Gross Carrying Amount 1,070 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Virginia
      
Property Type GC [1]    
Location Virginia    
Initial cost - land       
Initial cost - building 33    
Initial cost - building improvements 1    
Initial cost - furniture, fixtures and equipment 66    
Initial cost - construction In-Progress       
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land       
Gross Carrying Amount - building 33    
Gross Carrying Amount - building improvements 1    
Gross Carrying Amount - furniture, fixtures and equipment 66    
Gross Carrying Amount - Construction In-Progress       
Gross Carrying Amount 100 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Course - Washington
      
Property Type GC [1]    
Location Washington    
Initial cost - land 3,701    
Initial cost - building 265    
Initial cost - building improvements 1,993    
Initial cost - furniture, fixtures and equipment 186    
Initial cost - construction In-Progress 29    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land 3,701    
Gross Carrying Amount - building 265    
Gross Carrying Amount - building improvements 1,993    
Gross Carrying Amount - furniture, fixtures and equipment 186    
Gross Carrying Amount - Construction In-Progress 29    
Gross Carrying Amount 6,174 [2],[3]    
Accumulated Depreciation    [3],[4]    
Golf Courses
      
Initial cost - land 93,534    
Initial cost - building 50,615    
Initial cost - building improvements 90,736    
Initial cost - furniture, fixtures and equipment 19,028    
Initial cost - construction In-Progress 5,660    
Costs capitalized subsequent to acquisition       
Gross Carrying Amount - land 93,534    
Gross Carrying Amount - building 50,615    
Gross Carrying Amount - building improvements 90,736    
Gross Carrying Amount - furniture, fixtures and equipment 19,028    
Gross Carrying Amount - Construction In-Progress 5,660    
Gross Carrying Amount 259,573 [2],[3]    
Accumulated Depreciation    [3],[4]    
Office Building - Beavercreek, OH
      
Property Type OB [1],[5]    
Location Beavercreek, OH [5]    
Initial cost - land 386 [5]    
Initial cost - building 2,287 [5]    
Initial cost - building improvements    [5]    
Initial cost - furniture, fixtures and equipment    [5]    
Initial cost - construction In-Progress    [5]    
Costs capitalized subsequent to acquisition 413 [5]    
Gross Carrying Amount - land 364 [5]    
Gross Carrying Amount - building 2,170 [5]    
Gross Carrying Amount - building improvements 390 [5]    
Gross Carrying Amount - furniture, fixtures and equipment    [5]    
Gross Carrying Amount - Construction In-Progress    [5]    
Gross Carrying Amount 2,924 [2],[3],[5]    
Accumulated Depreciation (779) [3],[4],[5]    
Year Acquired 2006 [5],[6]    
Year Constructed 1984 [5],[6]    
Year Renovated 2006 [5],[6]    
Net Rentable Square Feet 55,024 [5],[6]    
Ending Occupancy Rate 84.40% [5],[6]    
Office Building - Beavercreek, OH
      
Property Type OB [1],[5]    
Location Beavercreek, OH [5]    
Initial cost - land 401 [5]    
Initial cost - building 2,326 [5]    
Initial cost - building improvements    [5]    
Initial cost - furniture, fixtures and equipment    [5]    
Initial cost - construction In-Progress    [5]    
Costs capitalized subsequent to acquisition 175 [5]    
Gross Carrying Amount - land 381 [5]    
Gross Carrying Amount - building 2,268 [5]    
Gross Carrying Amount - building improvements 92 [5]    
Gross Carrying Amount - furniture, fixtures and equipment    [5]    
Gross Carrying Amount - Construction In-Progress    [5]    
Gross Carrying Amount 2,741 [2],[3],[5]    
Accumulated Depreciation (547) [3],[4],[5]    
Year Acquired 2006 [5],[6]    
Year Constructed 1985 [5],[6]    
Year Renovated 2006 [5],[6]    
Net Rentable Square Feet 29,916 [5],[6]    
Ending Occupancy Rate 100.00% [5],[6]    
Office Building - Beavercreek, OH
      
Property Type OB [1],[5]    
Location Beavercreek, OH [5]    
Initial cost - land 382 [5]    
Initial cost - building 2,242 [5]    
Initial cost - building improvements    [5]    
Initial cost - furniture, fixtures and equipment    [5]    
Initial cost - construction In-Progress    [5]    
Costs capitalized subsequent to acquisition 587 [5]    
Gross Carrying Amount - land 361 [5]    
Gross Carrying Amount - building 2,150 [5]    
Gross Carrying Amount - building improvements 488 [5]    
Gross Carrying Amount - furniture, fixtures and equipment    [5]    
Gross Carrying Amount - Construction In-Progress    [5]    
Gross Carrying Amount 2,999 [2],[3],[5]    
Accumulated Depreciation (741) [3],[4],[5]    
Year Acquired 2006 [5],[6]    
Year Constructed 1987 [5],[6]    
Year Renovated 2006 [5],[6]    
Net Rentable Square Feet 45,500 [5],[6]    
Ending Occupancy Rate 100.00% [5],[6]    
Office Buildings
      
Initial cost - land 1,169    
Initial cost - building 6,855    
Initial cost - building improvements       
Initial cost - furniture, fixtures and equipment       
Initial cost - construction In-Progress       
Costs capitalized subsequent to acquisition 1,175    
Gross Carrying Amount - land 1,106    
Gross Carrying Amount - building 6,588    
Gross Carrying Amount - building improvements 970    
Gross Carrying Amount - furniture, fixtures and equipment       
Gross Carrying Amount - Construction In-Progress       
Gross Carrying Amount 8,664 [2],[3]    
Accumulated Depreciation (2,067) [3],[4]    
Operating Real Estate
      
Initial cost - land 94,703    
Initial cost - building 57,470    
Initial cost - building improvements 90,736    
Initial cost - furniture, fixtures and equipment 19,028    
Initial cost - construction In-Progress 5,660    
Costs capitalized subsequent to acquisition 1,175    
Gross Carrying Amount - land 94,640    
Gross Carrying Amount - building 57,203    
Gross Carrying Amount - building improvements 91,706    
Gross Carrying Amount - furniture, fixtures and equipment 19,028    
Gross Carrying Amount - Construction In-Progress 5,660    
Gross Carrying Amount 268,237 [2],[3] 8,520   
Accumulated Depreciation $ (2,067) [3],[4] $ (1,848)   
[1] OB represents office building. GC represents golf course.
[2] The aggregate United States federal income tax basis for Newcastle?s other operating real estate at December 31, 2013 was approximately $266.6 million.
[3] The following is a rollforward of the gross carrying amount and accumulated depreciation of other real estate for the years ended December 31, 2013 and 2012. (See Rollforward of Investments in Other Real Estate)
[4] Depreciation is calculated on a straight line basis using the estimated useful lives detailed in Note 2.
[5] The other operating real estate assets were pledged as collateral in one of Newcastle's non-recourse financing structures at December 31, 2013.
[6] Unaudited