XML 35 R18.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Other Assets | 12 Months Ended
--- | ---
Dec. 31, 2015
Other Assets.. |
Other Assets | NOTE 10. Other Assets The Company’s other assets consisted of the following (in thousands):
|  | December 31, |
|  | 2015 |  | 2014 |
Straight-line rent receivables, net of allowance of $33,648 and $34,182, respectively |  | $ | 385,888 |  | $ | 355,864 |
Marketable debt securities, net |  |  | 102,958 |  |  | 231,442 |
Leasing costs and inducements, net |  |  | 158,708 |  |  | 146,500 |
Goodwill |  |  | 50,346 |  |  | 50,346 |
Other |  |  | 119,965 |  |  | 117,516 |
Total other assets |  | $ | 817,865 |  | $ | 901,668 |
At December 31, 2015 and 2014, within other assets is a non-interest bearing receivable of $9 million and $26 million, respectively, from Brookdale payable in eight quarterly installments (see Note 3). At December 31, 2014, other assets also include a loan receivable of $15 million from HCP Ventures IV, which was repaid as part of real estate asset sales in December 2015 (see Note 8). During the year ended December 31, 2013, the Company realized gains from the sale of marketable equity securities of $11 million, which were included in other income, net. Four Seasons Health Care Senior Unsecured Notes Marketable debt securities, net are classified as held-to-maturity debt securities and primarily represent senior notes issued by Elli Investments Limited (“Elli”), a company beneficially owned by funds or limited partnerships managed by Terra Firma, as part of the financing for Elli’s acquisition of Four Seasons Health Care (the “Four Seasons Notes”). The Four Seasons Notes mature in June 2020, are non-callable through June 2016 and bear interest on their par value at a fixed rate of 12.25% per annum. The Company purchased an aggregate par value of £138.5 million of the Four Seasons Notes at a discount for £136.8 million ($215 million) in June 2012, representing 79% of the total £175 million issued and outstanding Four Seasons Notes. In June 2015 and September 2015, the Company determined that the Four Seasons Notes were other-than-temporarily impaired (see Note 1 7). In December 2015, the Company received its contractual interest payment of £8 million ($13 million), which was applied against the principal balance reducing the carrying amount to £58 million ($85 million).

X
- References No definition available. + Details
Name: | us-gaap_OtherAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration