XML 88 R17.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Intangibles | 12 Months Ended
--- | ---
Dec. 31, 2014
Intangibles |
Intangibles | NOTE 9. Intangibles The Company’s intangible lease assets were (in thousands):
|  | December 31, |
Intangible lease assets |  | 2014 |  | 2013 |
Lease-up intangibles |  | $ | 608,323 |  | $ | 578,143 |
Above market tenant lease intangibles |  |  | 163,146 |  |  | 144,355 |
Below market ground lease intangibles |  |  | 58,939 |  |  | 58,939 |
Gross intangible lease assets |  |  | 830,408 |  |  | 781,437 |
Accumulated depreciation and amortization |  |  | (349,395) |  |  | (291,595) |
Net intangible lease assets |  | $ | 481,013 |  | $ | 489,842 |
The remaining weighted average amortization period of intangible assets were 14 and 15 years at December 31, 2014 and 2013, respectively. The Company’s intangible lease liabilities were (in thousands):
|  | December 31, |
Intangible lease liabilities |  | 2014 |  | 2013 |
Below market lease intangibles |  | $ | 203,374 |  | $ | 201,234 |
Above market ground lease intangibles |  |  | 6,121 |  |  | 6,121 |
Gross intangible lease liabilities |  |  | 209,495 |  |  | 207,355 |
Accumulated depreciation and amortization |  |  | (124,772) |  |  | (108,545) |
Net intangible lease liabilities |  | $ | 84,723 |  | $ | 98,810 |
The remaining weighted average amortization period of unfavorable market lease intangibles was approximately 9 years at both December 31, 2014 and 2013. For the years ended December 31, 2014, 2013 and 2012, rental income includes additional revenues of $3 million, $9 million and $4 million, respectively, from the amortization of net below market lease intangibles. For the years ended December 31, 2014, 2013 and 2012, operating expenses include additional expense of $1 million each year from the amortization of net above market ground lease intangibles. For the years ended December 31, 2014, 2013 and 2012, depreciation and amortization expense includes additional expense of $60 million, $59 million and $44 million, respectively, from the amortization of lease-up and non-compete agreement intangibles. Estimated aggregate amortization of intangible assets and liabilities for each of the five succeeding fiscal years and thereafter follows (in thousands):
|  | Intangible |  | Intangible |
|  | Assets |  | Liabilities |
2015 |  | $ | 78,168 |  | $ | 17,069 |
2016 |  |  | 73,480 |  |  | 16,528 |
2017 |  |  | 61,252 |  |  | 14,101 |
2018 |  |  | 46,403 |  |  | 11,406 |
2019 |  |  | 34,929 |  |  | 8,800 |
Thereafter |  |  | 186,781 |  |  | 16,819 |
|  | $ | 481,013 |  | $ | 84,723 |

X
- Definition This block of text may be used to disclose all or part of the information related to intangible assets and liabilities. + References No definition available. + Details
Name: | hcp_IntangibleAssetsAndLiabilitiesDisclosureTextBlock
Namespace Prefix: | hcp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | hcp_IntangiblesDisclosureAbstract
Namespace Prefix: | hcp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration