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Net Investment in Direct Financing Leases (Tables) (Direct Financing Leases)

3 Months Ended

Mar. 31, 2014

Direct Financing Leases

Net Investment in Direct Financing Leases

Schedule of components of net investment in DFLs

The components of net investment in DFLs consisted of the following (dollars in thousands):

		March 31,			December 31,
		2014			2013
Minimum lease payments receivable(1)		$	24,666,528		$	24,808,386
Estimated residual values		4,134,405			4,134,405
Less unearned income		(21,610,533		)	(21,789,392		)
Net investment in direct financing leases		$	7,190,400		$	7,153,399
Properties subject to direct financing leases		364			364

Summary of the Company's internal ratings for net investment in DFLs

The following table summarizes the Company’s internal ratings for net investment in DFLs at March 31, 2014 (in thousands):

		Carrying			Percentage of DFL		Internal Ratings
Investment Type		Amount			Portfolio		Performing DFLs			Watch List DFLs			Workout DFLs
Senior housing		$	1,484,656		21		$	1,111,264		$	373,392		$	—
Post-acute/skilled nursing		5,581,853			77		5,581,853			—			—
Hospital		123,891			2		123,891			—			—
		$	7,190,400		100		$	6,817,008		$	373,392		$	—

X

- Definition

Tabular disclosure of the components of the net amount due as of the balance sheet date consisting of: (a) minimum lease payments due on direct financing and sales-type leases, (b) unguaranteed residual value, and (c) any unamortized initial direct costs on direct financing leases; less: (i) executory costs, (ii) unearned income, and (iii) the accumulated allowance for uncollectible minimum lease payments.

+ References

No definition available.

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X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 29

-URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953659-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 55

-Paragraph 19

-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

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