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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2015
Segment Reporting |
Schedule of segment reporting information |
|  | For the Three Months Ended September 30, 2015 |
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 64,222 |  | $ | — |  | $ | 90,072 |  | $ | 4,569 |  | $ | 158,863 |
Residents fees and services |  |  | — |  |  | 96,412 |  |  | — |  |  | — |  |  | 96,412 |
Total revenues |  |  | 64,222 |  |  | 96,412 |  |  | 90,072 |  |  | 4,569 |  |  | 255,275 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | — |  |  | 71,983 |  |  | 24,944 |  |  | — |  |  | 96,927 |
Depreciation |  |  | 19,140 |  |  | 19,248 |  |  | 30,680 |  |  | 948 |  |  | 70,016 |
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 10,316 |  |  | 10,316 |
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 742 |  |  | 742 |
Impairment of assets |  |  | (98) |  |  | — |  |  | — |  |  | — |  |  | (98) |
Total expenses |  |  | 19,042 |  |  | 91,231 |  |  | 55,624 |  |  | 12,006 |  |  | 177,903 |
Operating income (loss) |  |  | 45,180 |  |  | 5,181 |  |  | 34,448 |  |  | (7,437) |  |  | 77,372 |
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 57 |  |  | 57 |
Interest expense |  |  | (6,342) |  |  | (2,705) |  |  | (1,707) |  |  | (28,235) |  |  | (38,989) |
Loss on early extinguishment of debt |  |  | — |  |  | — |  |  | — |  |  | (21) |  |  | (21) |
Income (loss) before income tax expense and equity in losses of an investee |  |  | 38,838 |  |  | 2,476 |  |  | 32,741 |  |  | (35,636) |  |  | 38,419 |
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (146) |  |  | (146) |
Equity in losses of an investee |  |  | — |  |  | — |  |  | — |  |  | (24) |  |  | (24) |
Income (loss) from continuing operations |  |  | 38,838 |  |  | 2,476 |  |  | 32,741 |  |  | (35,806) |  |  | 38,249 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Impairment of assets from discontinued operations |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) |  | $ | 38,838 |  | $ | 2,476 |  | $ | 32,741 |  | $ | (35,806) |  | $ | 38,249 |
Total assets |  | $ | 2,264,217 |  | $ | 1,291,623 |  | $ | 3,393,253 |  | $ | 403,903 |  | $ | 7,352,996 |
|  | For the Three Months Ended September 30, 2014 |
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 55,266 |  | $ | — |  | $ | 77,798 |  | $ | 4,550 |  | $ | 137,614 |
Residents fees and services |  |  | — |  |  | 79,259 |  |  | — |  |  | — |  |  | 79,259 |
Total revenues |  |  | 55,266 |  |  | 79,259 |  |  | 77,798 |  |  | 4,550 |  |  | 216,873 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | — |  |  | 61,330 |  |  | 21,376 |  |  | — |  |  | 82,706 |
Depreciation |  |  | 15,372 |  |  | 8,006 |  |  | 25,748 |  |  | 948 |  |  | 50,074 |
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 10,384 |  |  | 10,384 |
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 15 |  |  | 15 |
Total expenses |  |  | 15,372 |  |  | 69,336 |  |  | 47,124 |  |  | 11,347 |  |  | 143,179 |
Operating income (loss) |  |  | 39,894 |  |  | 9,923 |  |  | 30,674 |  |  | (6,797) |  |  | 73,694 |
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 78 |  |  | 78 |
Interest expense |  |  | (6,446) |  |  | (2,416) |  |  | (1,484) |  |  | (25,855) |  |  | (36,201) |
Income (loss) before income tax expense and equity in earnings of an investee |  |  | 33,448 |  |  | 7,507 |  |  | 29,190 |  |  | (32,574) |  |  | 37,571 |
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (156) |  |  | (156) |
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 38 |  |  | 38 |
Income (loss) from continuing operations |  |  | 33,448 |  |  | 7,507 |  |  | 29,190 |  |  | (32,692) |  |  | 37,453 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations |  |  | — |  |  | — |  |  | (557) |  |  | — |  |  | (557) |
Impairment of assets from discontinued operations |  |  | — |  |  | — |  |  | 216 |  |  | — |  |  | 216 |
Income (loss) before gain on sale of properties |  |  | 33,448 |  |  | 7,507 |  |  | 28,849 |  |  | (32,692) |  |  | 37,112 |
Gain on sale of properties |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) |  | $ | 33,448 |  | $ | 7,507 |  | $ | 28,849 |  | $ | (32,692) |  | $ | 37,112 |
Total assets |  | $ | 1,823,234 |  | $ | 899,545 |  | $ | 2,953,668 |  | $ | 312,675 |  | $ | 5,989,122 |
|  | For the Nine Months Ended September 30, 2015 |
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 180,820 |  | $ | — |  | $ | 265,664 |  | $ | 13,709 |  | $ | 460,193 |
Residents fees and services |  |  | — |  |  | 271,061 |  |  | — |  |  | — |  |  | 271,061 |
Total revenues |  |  | 180,820 |  |  | 271,061 |  |  | 265,664 |  |  | 13,709 |  |  | 731,254 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | — |  |  | 204,178 |  |  | 72,135 |  |  | — |  |  | 276,313 |
Depreciation |  |  | 51,322 |  |  | 41,357 |  |  | 90,711 |  |  | 2,844 |  |  | 186,234 |
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 32,563 |  |  | 32,563 |
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 6,517 |  |  | 6,517 |
Impairment of assets |  |  | (98) |  |  | — |  |  | — |  |  | — |  |  | (98) |
Total expenses |  |  | 51,224 |  |  | 245,535 |  |  | 162,846 |  |  | 41,924 |  |  | 501,529 |
Operating income (loss) |  |  | 129,596 |  |  | 25,526 |  |  | 102,818 |  |  | (28,215) |  |  | 229,725 |
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 274 |  |  | 274 |
Interest expense |  |  | (18,598) |  |  | (7,285) |  |  | (5,232) |  |  | (81,723) |  |  | (112,838) |
Loss on early extinguishment of debt |  |  | (6) |  |  | (33) |  |  | — |  |  | (1,430) |  |  | (1,469) |
Income (loss) before income tax expense and equity in earnings of an investee |  |  | 110,992 |  |  | 18,208 |  |  | 97,586 |  |  | (111,094) |  |  | 115,692 |
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (385) |  |  | (385) |
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 70 |  |  | 70 |
Income (loss) from continuing operations |  |  | 110,992 |  |  | 18,208 |  |  | 97,586 |  |  | (111,409) |  |  | 115,377 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations |  |  | — |  |  | — |  |  | (350) |  |  | — |  |  | (350) |
Impairment of assets from discontinued operations |  |  | — |  |  | — |  |  | (602) |  |  | — |  |  | (602) |
Net income (loss) |  | $ | 110,992 |  | $ | 18,208 |  | $ | 96,634 |  | $ | (111,409) |  | $ | 114,425 |
Total assets |  | $ | 2,264,217 |  | $ | 1,291,623 |  | $ | 3,393,253 |  | $ | 403,903 |  | $ | 7,352,996 |
|  | For the Nine Months Ended September 30, 2014 |
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 165,321 |  | $ | — |  | $ | 198,589 |  | $ | 13,429 |  | $ | 377,339 |
Residents fees and services |  |  | — |  |  | 237,740 |  |  | — |  |  | — |  |  | 237,740 |
Total revenues |  |  | 165,321 |  |  | 237,740 |  |  | 198,589 |  |  | 13,429 |  |  | 615,079 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | — |  |  | 182,742 |  |  | 57,555 |  |  | — |  |  | 240,297 |
Depreciation |  |  | 46,525 |  |  | 24,494 |  |  | 61,269 |  |  | 2,844 |  |  | 135,132 |
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 28,250 |  |  | 28,250 |
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 2,649 |  |  | 2,649 |
Total expenses |  |  | 46,525 |  |  | 207,236 |  |  | 118,824 |  |  | 33,743 |  |  | 406,328 |
Operating income (loss) |  |  | 118,796 |  |  | 30,504 |  |  | 79,765 |  |  | (20,314) |  |  | 208,751 |
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 336 |  |  | 336 |
Interest expense |  |  | (19,307) |  |  | (8,210) |  |  | (4,328) |  |  | (67,368) |  |  | (99,213) |
Income (loss) before income tax expense and equity in earnings of an investee |  |  | 99,489 |  |  | 22,294 |  |  | 75,437 |  |  | (87,346) |  |  | 109,874 |
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (502) |  |  | (502) |
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 59 |  |  | 59 |
Income (loss) from continuing operations |  |  | 99,489 |  |  | 22,294 |  |  | 75,437 |  |  | (87,789) |  |  | 109,431 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from discontinued operations |  |  | — |  |  | — |  |  | 1,484 |  |  | — |  |  | 1,484 |
Impairment of assets from discontinued operations |  |  | — |  |  | — |  |  | (117) |  |  | — |  |  | (117) |
Income (loss) before gain on sale of properties |  |  | 99,489 |  |  | 22,294 |  |  | 76,804 |  |  | (87,789) |  |  | 110,798 |
Gain on sale of properties |  |  | 2,552 |  |  | — |  |  | — |  |  | — |  |  | 2,552 |
Net income (loss) |  | $ | 102,041 |  | $ | 22,294 |  | $ | 76,804 |  | $ | (87,789) |  | $ | 113,350 |
Total assets |  | $ | 1,823,234 |  | $ | 899,545 |  | $ | 2,953,668 |  | $ | 312,675 |  | $ | 5,989,122 |

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