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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2013
Commitments and Contingencies.  
Schedule of concentration of credit risk by segments

  • Segment Concentrations:

 
   Percentage of
Senior Housing Gross Assets		   Percentage of
Senior Housing Revenues		  
 
   December 31,   Year Ended December 31,  
Operators
  2013   2012   2013   2012   2011  

Emeritus Corporation ("Emeritus")(1)

     37     37     35     23     24  

Sunrise(2)

     17     18     13     16     19  

HCR ManorCare(3)

     11     11     10     11     10  

Brookdale Senior Living ("Brookdale")(4)

     11     11     12     14     22  


 

 
   Percentage of Post-Acute/
Skilled Nursing Gross Assets		   Percentage of Post-Acute/
Skilled Nursing Revenues		  
 
   December 31,   Year Ended December 31,  
Operators
  2013   2012   2013   2012   2011  

HCR ManorCare(3)

     89     90     83     91     85  

  • Total Company Concentrations:

 
   Percentage of
Total Company Assets		   Percentage of
Total Company Revenues		  
 
   December 31,   Year Ended December 31,  
Operators
  2013   2012   2013   2012   2011  

HCR ManorCare(3)

     32     31     28     30     28  

Emeritus(1)

     14     14     13     8     7  

Sunrise(2)

     7     7     5     5     6  

Brookdale(4)

     4     4     4     5     7  
(1)
Percentage of total revenues from Emeritus for the year ended December 31, 2012 includes partial results for the Blackstone JV acquisition. Assuming that full-year results were included for this acquisition in the Company's 2012 revenues, the percentage of segment revenues and total revenues would be 37% and 12%, respectively.

(2)
Certain of the Company's properties are leased to tenants who have entered into management contracts with Sunrise to operate the respective property on their behalf. The Company's concentration of gross assets includes properties directly leased to Sunrise and properties that are managed by Sunrise on behalf of third party tenants.

(3)
On April 7, 2011, the Company completed the acquisition of HCR ManorCare's real estate assets, which included the settlement of the Company's HCR ManorCare debt investments, see Notes 3 and 7 for additional information.

(4)
Percentages do not include senior housing facilities that Brookdale operates on the Company's behalf under a RIDEA structure.
Summary of annualized base rent from leases subject to purchase options, summarized by the year the purchase options are exercisable

Annualized base rent from leases subject to purchase options, summarized by the year the purchase options are exercisable are as follows (dollars in thousands):

Year
  Annualized
Base Rent(1)		   Number of
Properties		  

2014

   $ 21,541     11  

2015

     55,397     35  

2016

     40,098     18  

2017

     6,969     3  

2018

     19,204     5  

Thereafter

     102,367     62  
           

 

   $ 245,576     134  
           
           
(1)
Represents the most recent month's base rent including additional rent floors and cash income from direct financing leases annualized for 12 months. Base rent does not include tenant recoveries, additional rents in excess of floors and non-cash revenue adjustments (i.e., straight-line rents, amortization of above and below market lease intangibles, DFL interest accretion and deferred revenues).
Future minimum lease obligations under non-cancelable ground and other operating leases

Future minimum lease obligations under non-cancelable ground and other operating leases as of December 31, 2013 were as follows (in thousands):

Year
  Amount  

2014

   $ 6,303  

2015

     5,781  

2016

     4,620  

2017

     3,880  

2018

     3,659  

Thereafter

     195,883  
       

 

   $ 220,126