Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION

v2.4.0.8
INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION
3 Months Ended
Mar. 31, 2014
Investments In Senior Housing And Other Real Estate Net Of Accumulated Depreciation  
INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION

7. INVESTMENTS IN SENIOR HOUSING AND OTHER REAL ESTATE, NET OF ACCUMULATED DEPRECIATION
 

The following table summarizes Newcastle’s investments in real estate:
 
March 31, 2014
 
December 31, 2013
 
Gross Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
Senior Housing
 

 
 

 
 

 
 

 
 

 
 

Land
$
104,634

 
$

 
$
104,634

 
$
102,235

 
$

 
$
102,235

Buildings
1,219,511

 
(15,023
)
 
1,204,488

 
1,199,672

 
(7,523
)
 
1,192,149

Building improvements
18,783

 
(1,366
)
 
17,417

 
20,704

 
(549
)
 
20,155

Furniture, fixtures and equipment
52,905

 
(4,734
)
 
48,171

 
50,711

 
(2,350
)
 
48,361

Investments in Senior Housing Real Estate
$
1,395,833

 
$
(21,123
)
 
$
1,374,710

 
$
1,373,322

 
$
(10,422
)
 
$
1,362,900

 
 
March 31, 2014
 
December 31, 2013
 
Gross Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
 
Gross Carrying Amount
 
Accumulated Depreciation
 
Net Carrying Value
Golf
 
 
 
 
 
 
 
 
 
 
 
Land
$
93,534

 
$

 
$
93,534

 
$
93,534

 
$

 
$
93,534

Buildings
50,615

 
(1,143
)
 
49,472

 
50,615

 

 
50,615

Building improvements
90,785

 
(2,953
)
 
87,832

 
90,736

 

 
90,736

Furniture, fixtures and equipment
20,090

 
(1,539
)
 
18,551

 
19,028

 

 
19,028

Construction in progress
6,441

 

 
6,441

 
5,660

 

 
5,660

Golf Total
261,465

 
(5,635
)
 
255,830

 
259,573

 

 
259,573

 
 
 
 
 
 
 
 
 
 
 
 
Other Commercial Real Estate
 

 
 

 
 

 
 

 
 

 
 

Land
1,106

 

 
1,106

 
1,106

 

 
1,106

Buildings
6,588

 
(1,399
)
 
5,189

 
6,588

 
(1,356
)
 
5,232

Building improvements
1,003

 
(725
)
 
278

 
970

 
(711
)
 
259

Furniture, fixtures and equipment

 

 

 

 

 

Other Commercial Real Estate Total
8,697

 
(2,124
)
 
6,573

 
8,664

 
(2,067
)
 
6,597

 
 
 
 
 
 
 
 
 
 
 
 
Investments in Other Real Estate
$
270,162

 
$
(7,759
)
 
$
262,403

 
$
268,237

 
$
(2,067
)
 
$
266,170