Quarterly report pursuant to Section 13 or 15(d)

RECENT ACTIVITIES (Tables)

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RECENT ACTIVITIES (Tables)
6 Months Ended
Jun. 30, 2013
Recent Activities Tables  
Schedule of Real Estate Assets Acquired Subsequent Events
The following table provides additional information relating to these acquisitions:

           
Number of
   
Number
   
Purchase
   
Outstanding
 
Final Stated
     
Portfolio
 
Acquisition Date
 
Location
 
Communities
   
of Beds
   
Price
   
Debt (A)
 
Maturity
 
Funding Cost
 
Woodside (B)
 
July 25, 2013
 
New York
    1       100+     $ 18,900     $ 14,100  
August 2016
 
LIBOR + 3.75%
(D)
Florida (B)
 
August 1, 2013
 
Florida/North Carolina
    15       2,000+     $ 200,050     $ 93,364  
July 2018
 
LIBOR + 3.75%
(D)
                                    $ 52,875  
April 2020
 
5.50% to 6.76%
(E)
Glen Riddle  (C)
 
August 1, 2013
 
Pennsylvania
    1       100+     $ 21,150     $ 16,875  
October 2017
 
LIBOR + 3.75%
(D)

(A)
Investments are financed with non-recourse debt.
(B)
Managed by a portfolio company of a private equity fund managed by an affiliate of the Manager.
(C)
Managed by an affiliate of the Manager.
(D)
These financings have a LIBOR floor of 1%.
(E)
Fixed rate loans that Newcastle assumed from the seller upon acquisition. In this transaction, Newcastle bought down the interest rate for each assumed loan to 4% for the first two years

In June 2013, Newcastle entered into purchase and sale agreements to acquire two senior living assets for purchase prices of approximately $16.5 million and $18.5 million, respectively, plus acquisition-related costs. The assets comprise more than 300 beds in senior living facilities located in Florida and Pennsylvania.