XML 56 R39.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Net Investment in Direct Financing Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Leases, Capital [Abstract] |
Schedule of components of net investment in DFLs (dollars in thousands) | The components of net investment in DFLs consisted of the following (dollars in thousands):
| December 31,
| 2017 |  | 2016
Minimum lease payments receivable | $ | 1,062,452 |  |  | $ | 1,108,237 |
Estimated residual value | 504,457 |  |  | 539,656 |
Less unearned income | (852,557 | ) |  | (895,304 | )
Net investment in direct financing leases | $ | 714,352 |  |  | $ | 752,589 |
Properties subject to direct financing leases | 29 |  |  | 30 |
Future minimum lease payments contractually due under DFLs | The following table summarizes future minimum lease payments contractually due under DFLs at December 31, 2017 (in thousands):
Year |  | Amount
2018 |  | $ | 102,983 |
2019 |  | 68,204 |
2020 |  | 62,781 |
2021 |  | 63,175 |
2022 |  | 57,762 |
Thereafter |  | 707,547 |
|  | $ | 1,062,452 |
Summary of the Company's internal ratings for DFLs (dollars in thousands) | The following table summarizes the Company’s internal ratings for net investment in DFLs at December 31, 2017 (dollars in thousands):
|  |  |  |  |  | Internal Ratings
Segment |  | Carrying Amount |  | Percentage of DFL Portfolio |  | Performing DFLs |  | Watch List DFLs |  | Workout DFLs
Senior housing triple-net |  | $ | 629,748 |  |  | 88 |  | $ | 273,886 |  |  | $ | 355,862 |  |  | $ | — |
Other non-reportable segments |  | 84,604 |  |  | 12 |  | 84,604 |  |  | — |  |  | — |
|  | $ | 714,352 |  |  | 100 |  | $ | 358,490 |  |  | $ | 355,862 |  |  | $ | — |
The following table summarizes the Company’s internal ratings for loans receivable at December 31, 2017 (dollars in thousands):
|  | Carrying Amount |  | Percentage of Loan Portfolio |  | Internal Ratings
Investment Type |  |  |  | Performing Loans |  | Watch List Loans |  | Workout Loans(1)
Real estate secured |  | $ | 188,418 |  |  | 60 |  | $ | 188,418 |  |  | $ | — |  |  | $ | — |
Other secured |  | 124,908 |  |  | 40 |  | 19,908 |  |  | — |  |  | 105,000 |
|  | $ | 313,326 |  |  | 100 |  | $ | 208,326 |  |  | $ | — |  |  | $ | 105,000 |
_______________________________________
(1) | See Tandem Health Care Loan discussion below for additional information.

X
- Definition Tabular disclosure of the components of the net amount due as of the balance sheet date consisting of: (a) minimum lease payments due on direct financing and sales-type leases, (b) unguaranteed residual value, and (c) any unamortized initial direct costs on direct financing leases; less: (i) executory costs, (ii) unearned income, and (iii) the accumulated allowance for uncollectible minimum lease payments. + References No definition available. + Details
Name: | hcp_ScheduleOfNetInvestmentInDirectFinancingAndSalesTypeLeasesTableTextBlock
Namespace Prefix: | hcp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=82894031&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the annual minimum payments due from financing receivables, such as, but not limited to accounts, notes, loans, and other financing receivables. + References No definition available. + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesMinimumPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration