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Investments in and Advances to Unconsolidated Joint Ventures (Tables) | 9 Months Ended
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Sep. 30, 2016
Investments in and Advances to Unconsolidated Joint Ventures |
Company owned interests in entities, accounted under equity method (dollars in thousands) | The Company owns interests in the following entities that are accounted for under the equity method at September 30, 2016 (dollars in thousands):
Entity(1) |  | Segment |  | Carrying Amount |  | Ownership% |
CCRC JV(2) |  | SHOP |  | $ | 450,188 |  |  | 49 |  |
HCRMC |  | QCP |  |  | — |  |  | 9 |  |
MBK JV(3) |  | SHOP |  |  | 39,876 |  |  | 50 |  |
HCP Ventures III, LLC |  | Medical office |  |  | 9,492 |  |  | 30 |  |
HCP Ventures IV, LLC |  | Medical office |  |  | 7,220 |  |  | 20 |  |
HCP Life Science(4) |  | Life science |  |  | 68,251 |  | 50 | – | 63 |
Vintage Park Development JV |  | SHOP |  |  | 8,088 |  |  | 85 |  |
MBK Development JV(3) |  | SHOP |  |  | 2,464 |  |  | 50 |  |
Suburban Properties, LLC |  | Medical office |  |  | 4,667 |  |  | 67 |  |
K&Y(5) |  | Other |  |  | 1,324 |  |  | 80 |  |
Advances to unconsolidated JVs, net and other |  |  |  |  | 527 |  |  |  |  |
|  |  |  | $ | 592,097 |  |  |  |  |
| (1) |  | These entities are not consolidated because the Company does not control, through voting rights or other means, the JVs.
| (2) |  | Includes two unconsolidated JVs in a RIDEA structure (CCRC PropCo and CCRC OpCo).
| (3) |  | Includes two unconsolidated JVs in a RIDEA structure.
| (4) |  | Includes the following unconsolidated partnerships (and the Company’s ownership percentage): (i) Torrey Pines Science Center, LP (50%); (ii) Britannia Biotech Gateway, LP (55%); and (iii) LASDK, LP (63%).
| (5) |  | Includes three unconsolidated JVs.
Summarized combined financial information for equity method investments (in thousands) | The following tables summarize combined financial information for the Company’s equity method investments (in thousands):
|  | September 30, |  | December 31, |
|  | 2016 |  | 2015 |
Real estate, net |  | $ | 4,434,643 |  | $ | 4,470,249 |
Goodwill and other assets, net |  |  | 4,945,250 |  |  | 4,935,343 |
Assets held for sale |  |  | 67,817 |  |  | 94,866 |
Total assets |  | $ | 9,447,710 |  | $ | 9,500,458 |
Capital lease obligations and mortgage debt |  | $ | 6,419,016 |  | $ | 6,575,531 |
Accounts payable |  |  | 1,314,659 |  |  | 1,111,350 |
Liabilities and mortgage debt held for sale |  |  | 1,593 |  |  | 6,318 |
Other partners’ capital |  |  | 1,078,758 |  |  | 1,163,501 |
HCP’s capital(1) |  |  | 633,684 |  |  | 643,758 |
Total liabilities and partners’ capital |  | $ | 9,447,710 |  | $ | 9,500,458 |
| (1) |  | The combined basis difference of the Company’s investments in these JVs of $42 million, as of September 30, 2016, is attributable to goodwill, real estate, capital lease obligations, deferred tax assets and lease-related net intangibles.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
Total revenues |  | $ | 1,057,213 |  | $ | 1,106,667 |  | $ | 3,210,868 |  | $ | 3,375,747 |
Income (loss) from discontinued operations |  |  | 904 |  |  | (1,794) |  |  | 3,476 |  |  | (15,696) |
Net loss |  |  | (43,248) |  |  | (65,819) |  |  | (81,214) |  |  | (77,529) |
HCP’s share of earnings(1) |  |  | (2,053) |  |  | 8,314 |  |  | (4,028) |  |  | 33,916 |
Fees earned by HCP |  |  | 76 |  |  | 454 |  |  | 248 |  |  | 1,372 |
Distributions received by HCP |  |  | 10,754 |  |  | 16,186 |  |  | 20,377 |  |  | 20,673 |
| (1) |  | The Company’s JV interest in HCRMC is accounted for using the equity method and results in an elimination of DFL income proportional to HCP’s ownership in HCRMC. The elimination of the respective proportional lease expense at the HCRMC level in substance resulted in $14 million and $44 million of DFL income that was recharacterized to the Company’s share of earnings from HCRMC (equity income from unconsolidated JVs) for the three and nine months ended September 30, 2015. Beginning in January 2016, income will be recognized only if cash distributions are received from HCRMC; as a result, the Company no longer recharacterizes (eliminates) its proportional ownership share of income from DFLs to equity income (loss) from unconsolidated JVs.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
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