RECENT ACTIVITIES (Details Narrative) (USD $)
In Thousands, except Share data, unless otherwise specified |
9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | |
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Sep. 30, 2014
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Oct. 28, 2014
Subsequent To Balance Sheet Date [Member]
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Nov. 06, 2014
Subsequent To Balance Sheet Date [Member]
New Senior Spin-Off [Member]
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Sep. 30, 2014
Subsequent To Balance Sheet Date [Member]
Reverse Stock Split 2 [Member]
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Oct. 07, 2014
Variable Rate Triple Net Lease Properties [Member]
Subsequent To Balance Sheet Date [Member]
Housing
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Debt Face Amount | $ 2,147,137 | $ 115,000 | |||
Variable rate description | LIBOR | ||||
Variable Interest Rate Spread | 3.25% | ||||
Final Stated Maturity | 2017-10-06 | ||||
Number of properties used as security | 6 | ||||
Reverse stock-split ratio | 0.167 | 0.50 | |||
Stock split effective date | October 22, 2014 close of trading | ||||
Spin-off distribution ratio | 1.00 | ||||
Net Assets | 243,000 | ||||
Lease termination payment | $ 800 |
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- Definition
The net assets of discontinued operations, defined as total assets less total liabilities. No definition available.
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- Definition
The number of triple net lease properties used as security collateral for a loan agreement. No definition available.
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- Definition
Number of shares of New Media common stock issued to shareholders for each share of Newcastle common stock in the spin-off transaction. No definition available.
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- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition
The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
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- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Description of the stock split arrangement. Also provide the retroactive effect given by a stock split that occurs after the balance date but before the release of financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Ratio applied to the conversion of stock split, for example but not limited to, one share converted to two or two shares converted to one. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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