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Other Real Estate Property Investments (Tables) | 12 Months Ended
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Dec. 31, 2016
Acquisition |
Schedule of real estate acquisitions (in thousands) | The following table summarizes real estate acquisitions for the year ended December 31, 2016 (in thousands):
|  | Consideration |  | Assets Acquired(1) |
|  |  |  | Liabilities |  |  |  |  | Net |
Segment |  | Cash Paid |  | Assumed |  | Real Estate |  | Intangibles |
SH NNN |  | $ | 76,362 |  | $ | 1,200 |  | $ | 71,875 |  | $ | 5,687 |
SHOP |  |  | 113,971 |  |  | 76,931 |  |  | 177,551 |  |  | 13,351 |
Life science |  |  | 49,000 |  |  | — |  |  | 47,400 |  |  | 1,600 |
Medical office |  |  | 209,920 |  |  | 4,854 |  |  | 209,178 |  |  | 5,596 |
Other |  |  | 17,909 |  |  | — |  |  | 16,596 |  |  | 1,313 |
|  | $ | 467,162 |  | $ | 82,985 |  | $ | 522,600 |  | $ | 27,547 |
| (1) |  | The purchase price allocations are preliminary and may be subject to change. Revenues and earnings since the acquisition dates, as well as the supplementary pro forma information, assuming these acquisitions occurred as of the beginning of the prior periods, were not material.
Schedule of capital improvements (in thousands) | The following table summarizes the Company’s funding for construction, tenant and other capital improvements (in thousands):
|  | Year Ended December 31, |
Segment |  | 2016 |  | 2015 |
SH NNN |  | $ | 49,109 |  | $ | 53,980 |
SHOP |  |  | 74,158 |  |  | 77,425 |
Life science |  |  | 200,122 |  |  | 122,319 |
Medical office |  |  | 128,308 |  |  | 131,021 |
Other |  |  | 7,203 |  |  | 37 |
|  | $ | 458,900 |  | $ | 384,782 |
RIDEA III |
Acquisition |
Schedule of unaudited pro forma consolidated results of operations (in thousands, except per share amounts) | The following unaudited pro forma consolidated results of operations assume that the RIDEA III acquisition was completed as of January 1, 2014 (in thousands, except per share amounts):
|  | December 31, 2015 |  | December 31, 2014 |
Revenues |  | $ | 2,034,369 |  | $ | 1,824,593 |
Net (loss) income |  |  | (531,464) |  |  | 954,540 |
Net (loss) income applicable to HCP, Inc. |  |  | (545,776) |  |  | 938,387 |
Basic earnings per common share |  | $ | (1.18) |  | $ | 2.04 |
Diluted earnings per common share |  |  | (1.18) |  |  | 2.04 |
Other real estate acquisitions |
Acquisition |
Schedule of real estate acquisitions (in thousands) | In addition to the RIDEA III acquisition discussed above, the following table summarizes other real estate acquisitions for the year ended December 31, 2015 (in thousands):
|  | Consideration |  | Assets Acquired(1) |
|  | Cash Paid/ |  | Liabilities |  | Noncontrolling |  |  |  |  | Net |
Segment |  | Debt Settled |  | Assumed |  | Interest |  | Real Estate |  | Intangibles |
SH NNN |  | $ | 208 |  | $ | — |  | $ | — |  | $ | 208 |  | $ | — |
SHOP |  |  | 151,054 |  |  | 1,443 |  |  | 4,255 |  |  | 147,296 |  |  | 9,456 |
Life science |  |  | 80,946 |  |  | 2,054 |  |  | — |  |  | 68,988 |  |  | 14,012 |
Medical office(2) |  |  | 384,114 |  |  | 12,866 |  |  | — |  |  | 305,091 |  |  | 91,889 |
Other(3) |  |  | 296,227 |  |  | 6,855 |  |  | — |  |  | 248,826 |  |  | 54,256 |
|  | $ | 912,549 |  | $ | 23,218 |  | $ | 4,255 |  | $ | 770,409 |  | $ | 169,613 |
| (1) |  | Revenues and earnings since the acquisition dates, as well as the supplementary pro forma information, assuming these acquisitions occurred as of the beginning of the prior periods, were not material.
| (2) |  | Includes $225 million for a medical office building (“MOB”) portfolio acquisition completed in June 2015 and placed in HCP Ventures V, LLC (“HCP Ventures V”), of which in October 2015 the Company issued a 49% noncontrolling interest in HCP Ventures V for $110 million (see Note 13).
| (3) |  | Includes £174 million ($254 million) of the Company’s HC-One Facility (see Note 7) converted to fee ownership in a portfolio of 36 care homes located throughout the United Kingdom (“U.K.”) and includes £27 million ($42 million) of a loan originated in May 2015 converted to fee ownership in two U.K. care homes.

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