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Concentration of Credit Risk (Tables) - Tenants and Operators | 12 Months Ended
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Dec. 31, 2015
Schedule of concentration of credit risk |
|  | Percentage of Total |  | Percentage of |
|  | Company Gross Assets |  | Total Company Revenues |
|  | December 31, |  | Year Ended December 31, |
Operators |  | 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2013 |
HCRMC |  | 23 |  | 31 |  | 23 |  | 26 |  | 28 |
Brookdale (1) |  | 12 |  | 13 |  | 10 |  | 14 |  | 17 |
| (1) |  | On July 31, 2014, Brookdale completed its acquisition of Emeritus. These percentages of segment gross assets, total gross assets, segment revenues and total revenues, for all periods presented are prepared on a pro forma basis to reflect the combined concentration for Brookdale and Emeritus, as if the merger had occurred as of the beginning of the periods presented. On August 29, 2014, the Company and Brookdale amended or terminated all former leases with Emeritus and entered into two RIDEA joint ventures (see Note 3). Percentages do not include senior housing facilities that Brookdale manages (is not a tenant) under a RIDEA structure.
Senior housing |
Schedule of concentration of credit risk |
|  | Percentage of |  | Percentage of |
|  | Senior Housing Gross Assets |  | Senior Housing Revenues |
|  | December 31, |  | Year Ended December 31, |
Operators |  | 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2013 |
Brookdale(1) |  | 28 |  | 36 |  | 23 |  | 37 |  | 46 |
HCRMC |  | 12 |  | 11 |  | 7 |  | 8 |  | 10 |
| (1) |  | On July 31, 2014, Brookdale completed its acquisition of Emeritus. These percentages of segment gross assets, total gross assets, segment revenues and total revenues, for all periods presented are prepared on a pro forma basis to reflect the combined concentration for Brookdale and Emeritus, as if the merger had occurred as of the beginning of the periods presented. On August 29, 2014, the Company and Brookdale amended or terminated all former leases with Emeritus and entered into two RIDEA joint ventures (see Note 3). Percentages do not include senior housing facilities that Brookdale manages (is not a tenant) under a RIDEA structure.
FN17 The following is a summary of the quantitative information about fair value measurements for the impairment related to the Company’s equity ownership interest in HCRMC using a discounted cash flow valuation model
Description of Input(s) to the Valuation |  | Valuation Inputs |
Range of revenue growth rates(1) |  | (1.8%)-3.0% |
Range of occupancy growth rates(1) |  | (0.8%)-0.2% |
Range of operating expense growth rates(1) |  | (1.1%)-3.1% |
Discount rate |  | 15.20% |
Range of earnings multiples |  | 6.0x-7.0x |
| (1) |  | For growth rates, the value ranges provided represent the highest and lowest input utilized in the valuation model for any forecasted period.
Description of Input(s) to the Valuation |  | Valuation Inputs |
Range of revenue growth rates(1) |  | (0.2%)-3.5% |
Range of occupancy growth rates(1) |  | (0.3%)-0.2% |
Range of operating expense growth rates(1) |  | 0.6%-2.8% |
Discount rate |  | 13.7% |
Range of earnings multiples |  | 6.0x-7.0x |
| (1) |  | For growth rates, the value ranges provided represent the highest and lowest input utilized in the valuation model for any forecasted period.
Post-acute/skilled |
Schedule of concentration of credit risk |
|  | Percentage of Post-Acute/ |  | Percentage of Post-Acute/ |
|  | Skilled Nursing Gross Assets |  | Skilled Nursing Revenues |
|  | December 31, |  | Year Ended December 31, |
Operators |  | 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2013 |
HCRMC |  | 64 |  | 82 |  | 80 |  | 85 |  | 83 |

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