Leases and Management Agreements with Five Star (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Assets Leased and Revenues Earned

The following is a summary of the assets leased and revenues earned from Five Star as a tenant as of and for the years ended December 31, 2017 and 2016 compared to all our other assets and revenues from all sources:



	As of December 31, 2017				As of December 31, 2016
	Carrying Value of Investment⁽¹⁾		% of Total		Carrying Value of Investment⁽¹⁾		% of Total
Five Star	$	2,330,630	27.5	%	$	2,290,029	27.8	%
All others	6,144,320		72.5	%	5,961,935		72.2	%
	$	8,474,950	100.0	%	$	8,251,964	100.0	%


(1)	Represents the gross book value of real estate assets before depreciation and purchase price allocations, less impairment write downs, if any. Five Star also manages our managed senior living communities. The carrying value of investment for those communities is included in the "All others" category.



	Year Ended				Year Ended
	December 31, 2017				December 31, 2016
	Total Revenues⁽¹⁾		% of Total		Total Revenues ⁽¹⁾		% of Total
Five Star	$	210,539	19.6	%	$	203,581	19.2	%
All others	864,280		80.4	%	854,441		80.8	%
	$	1,074,819	100.0	%	$	1,058,022	100.0	%


(1)	Five Star also manages our managed senior living communities. Our revenues from those communities are included in the “All others” category.