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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2016
Segment Reporting |
Schedule of segment reporting information |
|  | For the Three Months Ended June 30, 2016
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 66,441 |  | $ | — |  | $ | 92,978 |  | $ | 4,578 |  | $ | 163,997
Residents fees and services |  |  | — |  |  | 97,370 |  |  | — |  |  | — |  |  | 97,370
Total revenues |  |  | 66,441 |  |  | 97,370 |  |  | 92,978 |  |  | 4,578 |  |  | 261,367
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | 423 |  |  | 71,642 |  |  | 25,409 |  |  | — |  |  | 97,474
Depreciation and amortization |  |  | 19,273 |  |  | 20,140 |  |  | 31,011 |  |  | 948 |  |  | 71,372
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 11,965 |  |  | 11,965
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 180 |  |  | 180
Impairment of assets |  |  | — |  |  | — |  |  | 4,961 |  |  | — |  |  | 4,961
Total expenses |  |  | 19,696 |  |  | 91,782 |  |  | 61,381 |  |  | 13,093 |  |  | 185,952
Operating income (loss) |  |  | 46,745 |  |  | 5,588 |  |  | 31,597 |  |  | (8,515) |  |  | 75,415
Dividend income |  |  | — |  |  | — |  |  | — |  |  | 789 |  |  | 789
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 177 |  |  | 177
Interest expense |  |  | (6,282) |  |  | (2,663) |  |  | (844) |  |  | (31,329) |  |  | (41,118)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee |  |  | 40,463 |  |  | 2,925 |  |  | 30,753 |  |  | (38,878) |  |  | 35,263
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (108) |  |  | (108)
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 17 |  |  | 17
Income (loss) before gain on sale of properties |  | $ | 40,463 |  | $ | 2,925 |  | $ | 30,753 |  | $ | (38,969) |  | $ | 35,172
Gain on sale of properties |  |  | 4,061 |  |  | — |  |  | — |  |  | — |  |  | 4,061
Net income (loss) |  | $ | 44,524 |  | $ | 2,925 |  | $ | 30,753 |  | $ | (38,969) |  |  | 39,233
|  | As of June 30, 2016
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated
Total assets |  | $ | 2,318,798 |  | $ | 1,258,212 |  | $ | 3,374,952 |  | $ | 313,805 |  | $ | 7,265,767
|  | For the Three Months Ended June 30, 2015 |
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 61,347 |  | $ | — |  | $ | 89,591 |  | $ | 4,608 |  | $ | 155,546 |
Residents fees and services |  |  | — |  |  | 91,856 |  |  | — |  |  | — |  |  | 91,856 |
Total revenues |  |  | 61,347 |  |  | 91,856 |  |  | 89,591 |  |  | 4,608 |  |  | 247,402 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | — |  |  | 69,792 |  |  | 23,800 |  |  | — |  |  | 93,592 |
Depreciation and amortization |  |  | 17,058 |  |  | 13,649 |  |  | 30,856 |  |  | 948 |  |  | 62,511 |
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 11,674 |  |  | 11,674 |
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 4,617 |  |  | 4,617 |
Total expenses |  |  | 17,058 |  |  | 83,441 |  |  | 54,656 |  |  | 17,239 |  |  | 172,394 |
Operating income (loss) |  |  | 44,289 |  |  | 8,415 |  |  | 34,935 |  |  | (12,631) |  |  | 75,008 |
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 142 |  |  | 142 |
Interest expense |  |  | (6,270) |  |  | (2,561) |  |  | (1,758) |  |  | (27,318) |  |  | (37,907) |
Loss on early extinguishment of debt |  |  | (6) |  |  | (33) |  |  | — |  |  | — |  |  | (39) |
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee |  |  | 38,013 |  |  | 5,821 |  |  | 33,177 |  |  | (39,807) |  |  | 37,204 |
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (129) |  |  | (129) |
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 23 |  |  | 23 |
Income (loss) from continuing operations |  |  | 38,013 |  |  | 5,821 |  |  | 33,177 |  |  | (39,913) |  |  | 37,098 |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations |  |  | — |  |  | — |  |  | (109) |  |  | — |  |  | (109) |
Impairment of assets from discontinued operations |  |  | — |  |  | — |  |  | (602) |  |  | — |  |  | (602) |
Net income (loss) |  | $ | 38,013 |  | $ | 5,821 |  | $ | 32,466 |  | $ | (39,913) |  | $ | 36,387 |
|  | As of December 31, 2015 |
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated |
Total assets |  | $ | 2,251,212 |  | $ | 1,260,425 |  | $ | 3,362,214 |  | $ | 286,239 |  | $ | 7,160,090 |
|  | For the Six Months Ended June 30, 2016
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 131,749 |  | $ | — |  | $ | 184,559 |  | $ | 9,111 |  | $ | 325,419
Residents fees and services |  |  | — |  |  | 194,323 |  |  | — |  |  | — |  |  | 194,323
Total revenues |  |  | 131,749 |  |  | 194,323 |  |  | 184,559 |  |  | 9,111 |  |  | 519,742
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | 786 |  |  | 143,820 |  |  | 50,816 |  |  | — |  |  | 195,422
Depreciation and amortization |  |  | 38,674 |  |  | 40,158 |  |  | 61,866 |  |  | 1,896 |  |  | 142,594
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 22,828 |  |  | 22,828
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 619 |  |  | 619
Impairment of assets |  |  | 4,391 |  |  | — |  |  | 7,960 |  |  | — |  |  | 12,351
Total expenses |  |  | 43,851 |  |  | 183,978 |  |  | 120,642 |  |  | 25,343 |  |  | 373,814
Operating income (loss) |  |  | 87,898 |  |  | 10,345 |  |  | 63,917 |  |  | (16,232) |  |  | 145,928
Dividend income |  |  | — |  |  | — |  |  | — |  |  | 789 |  |  | 789
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 242 |  |  | 242
Interest expense |  |  | (12,665) |  |  | (5,227) |  |  | (1,798) |  |  | (60,709) |  |  | (80,399)
Loss on early extinguishment of debt |  |  | — |  |  | (6) |  |  | — |  |  | — |  |  | (6)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee |  |  | 75,233 |  |  | 5,112 |  |  | 62,119 |  |  | (75,910) |  |  | 66,554
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (202) |  |  | (202)
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 94 |  |  | 94
Income (loss) before gain on sale of properties |  |  | 75,233 |  |  | 5,112 |  |  | 62,119 |  |  | (76,018) |  |  | 66,446
Gain on sale of properties |  |  | 4,061 |  |  | — |  |  | — |  |  | — |  |  | 4,061
Net income (loss) |  | $ | 79,294 |  | $ | 5,112 |  | $ | 62,119 |  | $ | (76,018) |  | $ | 70,507
|  | As of June 30, 2016
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated
Total assets |  | $ | 2,318,798 |  | $ | 1,258,212 |  | $ | 3,374,952 |  | $ | 313,805 |  | $ | 7,265,767
|  | For the Six Months Ended June 30, 2015
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 116,598 |  | $ | — |  | $ | 175,592 |  | $ | 9,139 |  | $ | 301,329
Residents fees and services |  |  | — |  |  | 174,649 |  |  | — |  |  | — |  |  | 174,649
Total revenues |  |  | 116,598 |  |  | 174,649 |  |  | 175,592 |  |  | 9,139 |  |  | 475,978
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  |  | — |  |  | 132,195 |  |  | 47,191 |  |  | — |  |  | 179,386
Depreciation and amortization |  |  | 32,183 |  |  | 22,109 |  |  | 60,030 |  |  | 1,896 |  |  | 116,218
General and administrative |  |  | — |  |  | — |  |  | — |  |  | 22,248 |  |  | 22,248
Acquisition related costs |  |  | — |  |  | — |  |  | — |  |  | 5,775 |  |  | 5,775
Total expenses |  |  | 32,183 |  |  | 154,304 |  |  | 107,221 |  |  | 29,919 |  |  | 323,627
Operating income (loss) |  |  | 84,415 |  |  | 20,345 |  |  | 68,371 |  |  | (20,780) |  |  | 152,351
Interest and other income |  |  | — |  |  | — |  |  | — |  |  | 217 |  |  | 217
Interest expense |  |  | (12,255) |  |  | (4,580) |  |  | (3,525) |  |  | (53,488) |  |  | (73,848)
Loss on early extinguishment of debt |  |  | (6) |  |  | (33) |  |  | — |  |  | (1,409) |  |  | (1,448)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee |  |  | 72,154 |  |  | 15,732 |  |  | 64,846 |  |  | (75,460) |  |  | 77,272
Income tax expense |  |  | — |  |  | — |  |  | — |  |  | (239) |  |  | (239)
Equity in earnings of an investee |  |  | — |  |  | — |  |  | — |  |  | 95 |  |  | 95
Income (loss) from continuing operations |  |  | 72,154 |  |  | 15,732 |  |  | 64,846 |  |  | (75,604) |  |  | 77,128
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations |  |  | — |  |  | — |  |  | (350) |  |  | — |  |  | (350)
Impairment of assets from discontinued operations |  |  | — |  |  | — |  |  | (602) |  |  | — |  |  | (602)
Net income (loss) |  | $ | 72,154 |  | $ | 15,732 |  | $ | 63,894 |  | $ | (75,604) |  | $ | 76,176
|  | As of December 31, 2015
|  | Triple Net |  |  |  |  |  |  |  |  |  |  |  |
|  | Leased |  | Managed |  |  |  |  |  |  |  |  |
|  | Senior Living |  | Senior Living |  |  |  |  | All Other |  |  |
|  | Communities |  | Communities |  | MOBs |  | Operations |  | Consolidated
Total assets |  | $ | 2,251,212 |  | $ | 1,260,425 |  | $ | 3,362,214 |  | $ | 286,239 |  | $ | 7,160,090

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