Quarterly report pursuant to Section 13 or 15(d)

RECENT ACTIVITIES - Real Estate Acquired (Details)

v2.4.0.8
RECENT ACTIVITIES - Real Estate Acquired (Details) (USD $)
In Thousands, unless otherwise specified
 1 Months Ended
Aug. 07, 2013
Housing
Woodside Portfolio
  
Acquisition Date Jul. 25, 2013 [1]
Location New York [1]
Number of housing assets/facilities 1 [1]
Acquisition Purchase Price $ 18,900 [1]
Outstanding Debt 14,100 [1],[2]
Final Stated Maturity Aug. 31, 2016 [1]
Weighted Average Funding Cost LIBOR + 3.75%; LIBOR FLOOR OF 1% [1],[3]
Woodside Portfolio | Range Floor
  
Number of beds 100 [1]
Florida Porfolio
  
Acquisition Date Aug. 01, 2013 [1]
Location Florida/North Carolina [1]
Number of housing assets/facilities 15 [1]
Acquisition Purchase Price 200,050 [1]
Florida Porfolio | Mortgage Loans on Real Estate - Tranche 1
  
Outstanding Debt 93,364 [1],[2]
Final Stated Maturity Jul. 31, 2018 [1]
Weighted Average Funding Cost LIBOR + 3.75%; LIBOR FLOOR OF 1% [1],[3]
Florida Porfolio | Mortgage Loans on Real Estate - Tranche 2
  
Outstanding Debt 52,875 [1],[2]
Final Stated Maturity Apr. 30, 2020 [1]
Weighted Average Funding Cost 5.50% to 6.76% [1],[4]
Florida Porfolio | Range Floor
  
Number of beds 2,000 [1]
Glen Riddle Portfolio
  
Acquisition Date Aug. 01, 2013 [5]
Location Pennsylvania [5]
Number of housing assets/facilities 1 [5]
Acquisition Purchase Price 21,500 [5]
Outstanding Debt $ 16,875 [2],[5]
Final Stated Maturity Oct. 31, 2017 [5]
Weighted Average Funding Cost LIBOR + 3.75%; LIBOR FLOOR OF 1% [3],[5]
Glen Riddle Portfolio | Range Floor
  
Number of beds 100 [5]
[1] (B) Managed by a portfolio company of a private equity fund managed by an affiliate of the Manager.
[2] (A) Investments are financed with non-recourse debt.
[3] (D) These financings have a LIBOR floor of 1%.
[4] (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
[5] (C) Managed by an affiliate of the Manager.