Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS (Tables)

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ACQUISITIONS (Tables)
 3 Months Ended
Mar. 31, 2014
Acquisitions Tables  
Schedule of acquisitions

The following table summarizes the allocation of the purchase price to the fair value of identifiable assets acquired and liabilities assumed at the date of acquisition, in accordance with the acquisition method of accounting:
Allocation of Purchase Price (A)
 
Investments in Real Estate
$
20,630

Resident Lease Intangibles
2,370

Other Assets, net of other Liabilities
(200
)
Total purchase price
$
22,800

 
 
Mortgage Notes Payable (B)
(17,250
)
Net assets acquired
$
5,550

Total acquisition related costs (C)
$
258


(A)
Due to the timing of the acquisition, Newcastle is still obtaining additional information relating to the purchase price allocation. Therefore, the review process of the purchase price allocation is not complete. Newcastle expects to complete this process within twelve months of the acquisition.
(B)
See Note 10.
(C)
Acquisition related costs are expensed as incurred and included within general and administrative expense on the consolidated statements of income.