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Segment Disclosures (Tables) | 3 Months Ended
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Mar. 31, 2016
Segment Disclosures |
Summary financial information of reportable segment (in thousands) | Summary information for the reportable segments (in thousands): For the three months ended March 31, 2016:
|  |  | Senior |  | Post-acute/ |  | Life |  | Medical |  |  |  |  |  |
|  |  | Housing |  | Skilled Nursing |  | Science |  | Office |  | Hospital |  | Total |  |
| Rental revenues(1) |  | $ | 128,897 |  | $ | 107,190 |  | $ | 88,948 |  | $ | 108,994 |  | $ | 22,870 |  | $ | 456,899 |  |
| Resident fees and services |  |  | 165,763 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 165,763 |  |
| Operating expenses |  |  | (116,136) |  |  | (564) |  |  | (16,743) |  |  | (42,313) |  |  | (1,199) |  |  | (176,955) |  |
| NOI |  |  | 178,524 |  |  | 106,626 |  |  | 72,205 |  |  | 66,681 |  |  | 21,671 |  |  | 445,707 |  |
| Non-cash adjustments to NOI(2) |  |  | (5,956) |  |  | (271) |  |  | (673) |  |  | (805) |  |  | 303 |  |  | (7,402) |  |
| Adjusted (cash) NOI |  |  | 172,568 |  |  | 106,355 |  |  | 71,532 |  |  | 65,876 |  |  | 21,974 |  |  | 438,305 |  |
| Adjusted (cash) NOI from unconsolidated joint ventures |  |  | 14,898 |  |  | 404 |  |  | 1,420 |  |  | 322 |  |  | — |  |  | 17,044 |  |
| Interest income |  |  | 1,851 |  |  | 16,178 |  |  | — |  |  | — |  |  | — |  |  | 18,029 |  |
| Portfolio Income |  | $ | 189,317 |  | $ | 122,937 |  | $ | 72,952 |  | $ | 66,198 |  | $ | 21,974 |  |  | 473,378 |  |
| Addback non-cash adjustments |  |  |  |  |  |  |  |  |  |  |  | 7,402 |  |
| Investment management fee income |  |  |  |  |  |  |  |  |  |  |  | 91 |  |
| Interest expense |  |  |  |  |  |  |  |  |  |  |  | (122,062) |  |
| Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  | (141,322) |  |
| General and administrative expenses |  |  |  |  |  |  |  |  |  |  |  | (25,499) |  |
| Acquisition and pursuit costs |  |  |  |  |  |  |  |  |  |  |  | (2,475) |  |
| Other income, net |  |  |  |  |  |  |  |  |  |  |  | 1,222 |  |
| Income tax expense |  |  |  |  |  |  |  |  |  |  |  | (53,038) |  |
| Equity loss in unconsolidated joint ventures, excluding adjusted (cash) NOI |  |  |  |  |  |  |  |  |  |  |  | (17,952) |  |
| Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 119,745 |  |
For the three months ended March 31, 2015:
|  |  | Senior |  | Post-acute/ |  | Life |  | Medical |  |  |  |  |  |
|  |  | Housing |  | Skilled Nursing |  | Science |  | Office |  | Hospital |  | Total |  |
| Rental revenues(1) |  | $ | 127,382 |  | $ | 140,576 |  | $ | 83,551 |  | $ | 98,305 |  | $ | 22,242 |  | $ | 472,056 |  |
| Resident fees and services |  |  | 105,013 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 105,013 |  |
| Operating expenses |  |  | (75,510) |  |  | (533) |  |  | (16,699) |  |  | (38,252) |  |  | (1,037) |  |  | (132,031) |  |
| NOI |  |  | 156,885 |  |  | 140,043 |  |  | 66,852 |  |  | 60,053 |  |  | 21,205 |  |  | 445,038 |  |
| Non-cash adjustments to NOI(2) |  |  | (6,413) |  |  | (18,083) |  |  | (3,075) |  |  | (1,866) |  |  | 252 |  |  | (29,185) |  |
| Adjusted (cash) NOI |  |  | 150,472 |  |  | 121,960 |  |  | 63,777 |  |  | 58,187 |  |  | 21,457 |  |  | 415,853 |  |
| Adjusted (cash) NOI from unconsolidated joint ventures |  |  | 14,012 |  |  | — |  |  | 1,228 |  |  | 304 |  |  | — |  |  | 15,544 |  |
| Interest income |  |  | 7,394 |  |  | 25,868 |  |  | — |  |  | — |  |  | — |  |  | 33,262 |  |
| Portfolio Income |  | $ | 171,878 |  | $ | 147,828 |  | $ | 65,005 |  | $ | 58,491 |  | $ | 21,457 |  |  | 464,659 |  |
| Addback non-cash adjustments |  |  |  |  |  |  |  |  |  |  |  | 29,185 |  |
| Investment management fee income |  |  |  |  |  |  |  |  |  |  |  | 460 |  |
| Interest expense |  |  |  |  |  |  |  |  |  |  |  | (116,780) |  |
| Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  | (114,522) |  |
| General and administrative expenses |  |  |  |  |  |  |  |  |  |  |  | (24,773) |  |
| Acquisition and pursuit costs |  |  |  |  |  |  |  |  |  |  |  | (3,390) |  |
| Impairment |  |  |  |  |  |  |  |  |  |  |  | (478,464) |  |
| Gain on sales of real estate |  |  |  |  |  |  |  |  |  |  |  | 6,264 |  |
| Other income, net |  |  |  |  |  |  |  |  |  |  |  | 1,724 |  |
| Income tax benefit |  |  |  |  |  |  |  |  |  |  |  | 77 |  |
| Equity loss in unconsolidated joint ventures, excluding adjusted (cash) NOI |  |  |  |  |  |  |  |  |  |  |  | (1,943) |  |
| Net loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (237,503) |  |
| (1) |  | Represents rental and related revenues, tenant recoveries and income from DFLs.
| (2) |  | Represents straight-line rents, DFL non-cash interest, amortization of market lease intangibles and lease termination fees.
Reconciliation of company's assets to total assets (in thousands) | A summary of the Company’s total assets by segment (in thousands):
|  | March 31, |  | December 31, |
Segment |  | 2016 |  | 2015 |
Senior housing |  | $ | 9,931,444 |  | $ | 9,812,142 |
Post-acute/skilled nursing |  |  | 5,111,794 |  |  | 5,162,947 |
Life science |  |  | 3,944,689 |  |  | 3,905,137 |
Medical office |  |  | 3,485,010 |  |  | 3,469,048 |
Hospital |  |  | 622,820 |  |  | 622,820 |
Gross segment assets |  |  | 23,095,757 |  |  | 22,972,094 |
Accumulated depreciation and amortization |  |  | (3,059,436) |  |  | (2,941,568) |
Net segment assets |  |  | 20,036,321 |  |  | 20,030,526 |
Real estate assets held for sale, net |  |  | 311,243 |  |  | 314,126 |
Other non-segment assets |  |  | 852,363 |  |  | 1,105,197 |
Total assets |  | $ | 21,199,927 |  | $ | 21,449,849 |

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