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ACQUISITIONS (Details Narrative) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | 3 Months Ended | |||
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Sep. 30, 2014
Managed Properties acquired in 2014 [Member]
Portfolios
Housing
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Sep. 30, 2014
Managed Properties acquired in 2014 [Member]
Senior Housing Property Holiday [Member]
Housing
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Sep. 30, 2014
Managed Properties acquired in 2014 [Member]
Senior Housing Properties Blue Harbor [Member]
Housing
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Sep. 30, 2014
Triple Net Lease Properties acquired in 2014 [Member]
Housing
Renewals
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Sep. 30, 2014
Senior Housing Properties acquired in 2014 [Member]
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| Number of housing properties acquired | 9 | 2 | 7 | 6 | |
| Number of portfolios acquired | 6 | ||||
| Total purchase price | $ 116,213 | $ 183,031 | $ 299,244 | ||
| Management fees paid, as a percentage of effective gross income | (i) 5% of the property's effective gross income or (ii) 6% of the property's effective gross income for the first two years and 7% thereafter | 6% of the property's effective gross income for the first two years and 7% thereafter | |||
| Lease term | 15 years | ||||
| Number of renewals available | 2 | ||||
| Renewal Term | 5 years | ||||
| Base rent, as a percentage of purchase price | 7.60% | ||||
| Annual rent increase for years 2-4 | 3.75% | ||||
| Maximum annual rent increase year 5 onwards | 2.50% | ||||
| Amount committed for capital improvements and other repairs | 6,500 | ||||
| Additional amounts committed for further capital improvements | 9,000 | ||||
| Adjustments to provisional amounts | |||||
| Investments in senior housing real estate | (18,700) | ||||
| Investments in other real estate | (8,700) | ||||
| Intangibles | 15,300 | ||||
| Receivables and other assets | (2,200) | ||||
| Accounts payable, accrued expenses and other liabilities | $ 14,300 | ||||
| X | ||||||||||
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- Definition
Adjustments during the period to provisional amounts booked for accounts payable, accrued expenses and other liabilities acquired. No definition available.
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- Details
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- Definition
The annual rent increase from the base rent for years two through four of the lease. No definition available.
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- Definition
Amount recognized for assets, including goodwill, in excess of (less than) the aggregate current liabilities assumed. No definition available.
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- Definition
Under the June 2014 Master Tenant Lease, the amount the company has committed to capital improvements and other repairs. No definition available.
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- Definition
Under the June 2014 Master Tenant Lease, additional amounts the company will release to be committed to capital improvements and other repairs. No definition available.
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- Definition
Adjustments during the period to provisional amounts booked for intangibles acquired. No definition available.
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| X | ||||||||||
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- Definition
Adjustments during the period to provisional amounts booked for investments in other real estate acquired. No definition available.
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| X | ||||||||||
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- Definition
Adjustments during the period to provisional amounts booked for investments in senior housing real estate acquired. No definition available.
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| X | ||||||||||
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- Definition
Management fees to be paid to the manager, as a percentage of the property's effective gross income (as defined in the agreements). No definition available.
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- Definition
Maximum annual rent increase from year 5 onwards of the lease. No definition available.
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- Definition
The number of senior housing property portfolios acquired. No definition available.
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- Definition
The number of senior housing properties acquired. No definition available.
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- Definition
The number of lease renewals available under the leasing arrangement for senior housing properties. No definition available.
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- Definition
Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Presented as a percentage of the purchase price. No definition available.
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| X | ||||||||||
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- Definition
Adjustments during the period to provisional amounts booked for receivables and other assets acquired. No definition available.
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| X | ||||||||||
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- Definition
Term of the lessee's leasing arrangement renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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| X | ||||||||||
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- Definition
Term of the lessee's leasing arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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