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v3.19.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Schedule of segment reporting information |
|  | For the Three Months Ended June 30, 2019
|  | MOBs |  | Triple Net Leased Senior Living Communities |  | Managed Senior Living Communities |  | All Other Operations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 104,385 |  |  | $ | 44,037 |  |  | $ | — |  |  | $ | 4,675 |  |  | $ | 153,097 |
Residents fees and services |  | — |  |  | — |  |  | 108,906 |  |  | — |  |  | 108,906 |
Total revenues |  | 104,385 |  |  | 44,037 |  |  | 108,906 |  |  | 4,675 |  |  | 262,003 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  | 32,525 |  |  | — |  |  | 87,668 |  |  | — |  |  | 120,193 |
Depreciation and amortization |  | 35,037 |  |  | 21,457 |  |  | 16,483 |  |  | 947 |  |  | 73,924 |
General and administrative |  | — |  |  | — |  |  | — |  |  | 8,867 |  |  | 8,867 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | — |  |  | 903 |  |  | 903 |
Impairment of assets |  | 96 |  |  | 2,117 |  |  | — |  |  | — |  |  | 2,213 |
Total expenses |  | 67,658 |  |  | 23,574 |  |  | 104,151 |  |  | 10,717 |  |  | 206,100 |
Gain on sale of properties |  | 2,625 |  |  | 15,207 |  |  | — |  |  | — |  |  | 17,832 |
Dividend income |  | — |  |  | — |  |  | — |  |  | 923 |  |  | 923 |
Unrealized gains and losses on equity securities, net |  | — |  |  | — |  |  | — |  |  | (64,448 | ) |  | (64,448 | )
Interest and other income |  | — |  |  | — |  |  | — |  |  | 238 |  |  | 238 |
Interest expense |  | (5,988 | ) |  | (170 | ) |  | (730 | ) |  | (39,524 | ) |  | (46,412 | )
Loss on early extinguishment of debt |  | — |  |  | — |  |  | (17 | ) |  | — |  |  | (17 | )
Income (loss) from continuing operations before income tax benefit and equity in earnings of an investee |  | 33,364 |  |  | 35,500 |  |  | 4,008 |  |  | (108,853 | ) |  | (35,981 | )
Income tax benefit |  | — |  |  | — |  |  | — |  |  | 35 |  |  | 35 |
Equity in earnings of an investee |  | — |  |  | — |  |  | — |  |  | 130 |  |  | 130 |
Net income (loss) |  | 33,364 |  |  | 35,500 |  |  | 4,008 |  |  | (108,688 | ) |  | (35,816 | )
Net income attributable to noncontrolling interest |  | (1,413 | ) |  | — |  |  | — |  |  | — |  |  | (1,413 | )
Net income (loss) attributable to common shareholders |  | $ | 31,951 |  |  | $ | 35,500 |  |  | $ | 4,008 |  |  | $ | (108,688 | ) |  | $ | (37,229 | )
|  | For the Six Months Ended June 30, 2019
|  | MOBs |  | Triple Net Leased Senior Living Communities |  | Managed Senior Living Communities |  | All Other Operations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 207,606 |  |  | $ | 94,357 |  |  | $ | — |  |  | $ | 9,375 |  |  | $ | 311,338 |
Residents fees and services |  | — |  |  | — |  |  | 216,951 |  |  | — |  |  | 216,951 |
Total revenues |  | 207,606 |  |  | 94,357 |  |  | 216,951 |  |  | 9,375 |  |  | 528,289 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  | 64,702 |  |  | — |  |  | 172,713 |  |  | — |  |  | 237,415 |
Depreciation and amortization |  | 71,138 |  |  | 40,879 |  |  | 32,243 |  |  | 1,894 |  |  | 146,154 |
General and administrative |  | — |  |  | — |  |  | — |  |  | 18,683 |  |  | 18,683 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | — |  |  | 8,717 |  |  | 8,717 |
Impairment of assets |  | 96 |  |  | 8,323 |  |  | — |  |  | — |  |  | 8,419 |
Total expenses |  | 135,936 |  |  | 49,202 |  |  | 204,956 |  |  | 29,294 |  |  | 419,388 |
Gain on sale of properties |  | 2,503 |  |  | 15,207 |  |  | — |  |  | — |  |  | 17,710 |
Dividend income |  | — |  |  | — |  |  | — |  |  | 1,846 |  |  | 1,846 |
Unrealized gains and losses on equity securities, net |  | — |  |  | — |  |  | — |  |  | (41,516 | ) |  | (41,516 | )
Interest and other income |  | — |  |  | — |  |  | — |  |  | 352 |  |  | 352 |
Interest expense |  | (12,018 | ) |  | (408 | ) |  | (1,550 | ) |  | (78,047 | ) |  | (92,023 | )
Loss on early extinguishment of debt |  | — |  |  | — |  |  | (17 | ) |  | — |  |  | (17 | )
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee |  | 62,155 |  |  | 59,954 |  |  | 10,428 |  |  | (137,284 | ) |  | (4,747 | )
Income tax expense |  | — |  |  | — |  |  | — |  |  | (99 | ) |  | (99 | )
Equity in earnings of an investee |  | — |  |  | — |  |  | — |  |  | 534 |  |  | 534 |
Net income (loss) |  | 62,155 |  |  | 59,954 |  |  | 10,428 |  |  | (136,849 | ) |  | (4,312 | )
Net income attributable to noncontrolling interest |  | (2,835 | ) |  | — |  |  | — |  |  | — |  |  | (2,835 | )
Net income (loss) attributable to common shareholders |  | $ | 59,320 |  |  | $ | 59,954 |  |  | $ | 10,428 |  |  | $ | (136,849 | ) |  | $ | (7,147 | )
|  | As of June 30, 2019
|  | MOBs |  | Triple Net Leased Senior Living Communities |  | Managed Senior Living Communities |  | All Other Operations |  | Consolidated
Total assets |  | $ | 3,294,265 |  |  | $ | 1,968,936 |  |  | $ | 1,454,742 |  |  | $ | 380,767 |  |  | $ | 7,098,710 |
|  | For the Three Months Ended June 30, 2018
|  | MOBs |  | Triple Net Leased Senior Living Communities |  | Managed Senior Living Communities |  | All Other Operations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 103,854 |  |  | $ | 66,113 |  |  | $ | — |  |  | $ | 4,618 |  |  | $ | 174,585 |
Residents fees and services |  | — |  |  | — |  |  | 102,617 |  |  | — |  |  | 102,617 |
Total revenues |  | 103,854 |  |  | 66,113 |  |  | 102,617 |  |  | 4,618 |  |  | 277,202 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  | 31,183 |  |  | — |  |  | 78,873 |  |  | — |  |  | 110,056 |
Depreciation and amortization |  | 36,326 |  |  | 20,186 |  |  | 14,841 |  |  | 947 |  |  | 72,300 |
General and administrative |  | — |  |  | — |  |  | — |  |  | 29,078 |  |  | 29,078 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | — |  |  | 67 |  |  | 67 |
Impairment of assets |  | — |  |  | 548 |  |  | — |  |  | — |  |  | 548 |
Total expenses |  | 67,509 |  |  | 20,734 |  |  | 93,714 |  |  | 30,092 |  |  | 212,049 |
Gain on sale of properties |  | — |  |  | 80,762 |  |  | — |  |  | — |  |  | 80,762 |
Dividend income |  | — |  |  | — |  |  | — |  |  | 659 |  |  | 659 |
Unrealized gains and losses on equity securities, net |  | — |  |  | — |  |  | — |  |  | 23,265 |  |  | 23,265 |
Interest and other income |  | — |  |  | — |  |  | — |  |  | 60 |  |  | 60 |
Interest expense |  | (6,113 | ) |  | (565 | ) |  | (1,256 | ) |  | (36,879 | ) |  | (44,813 | )
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee |  | 30,232 |  |  | 125,576 |  |  | 7,647 |  |  | (38,369 | ) |  | 125,086 |
Income tax expense |  | — |  |  | — |  |  | — |  |  | (105 | ) |  | (105 | )
Equity in earnings of an investee |  | — |  |  | — |  |  | — |  |  | 7 |  |  | 7 |
Net income (loss) |  | 30,232 |  |  | 125,576 |  |  | 7,647 |  |  | (38,467 | ) |  | 124,988 |
Net income attributable to noncontrolling interest |  | (1,401 | ) |  | — |  |  | — |  |  | — |  |  | (1,401 | )
Net income (loss) attributable to common shareholders |  | $ | 28,831 |  |  | $ | 125,576 |  |  | $ | 7,647 |  |  | $ | (38,467 | ) |  | $ | 123,587 |
|  | For the Six Months Ended June 30, 2018
|  | MOBs |  | Triple Net Leased Senior Living Communities |  | Managed Senior Living Communities |  | All Other Operations |  | Consolidated
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income |  | $ | 205,005 |  |  | $ | 134,088 |  |  | $ | — |  |  | $ | 9,220 |  |  | $ | 348,313 |
Residents fees and services |  | — |  |  | — |  |  | 204,659 |  |  | — |  |  | 204,659 |
Total revenues |  | 205,005 |  |  | 134,088 |  |  | 204,659 |  |  | 9,220 |  |  | 552,972 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property operating expenses |  | 62,121 |  |  | — |  |  | 156,033 |  |  | — |  |  | 218,154 |
Depreciation and amortization |  | 70,711 |  |  | 40,381 |  |  | 29,652 |  |  | 1,895 |  |  | 142,639 |
General and administrative |  | — |  |  | — |  |  | — |  |  | 54,196 |  |  | 54,196 |
Acquisition and certain other transaction related costs |  | — |  |  | — |  |  | — |  |  | 87 |  |  | 87 |
Impairment of assets |  | — |  |  | 548 |  |  | — |  |  | — |  |  | 548 |
Total expenses |  | 132,832 |  |  | 40,929 |  |  | 185,685 |  |  | 56,178 |  |  | 415,624 |
Gain on sale of properties |  | — |  |  | 261,916 |  |  | — |  |  | — |  |  | 261,916 |
Dividend income |  | — |  |  | — |  |  | — |  |  | 1,318 |  |  | 1,318 |
Unrealized gains and losses on equity securities, net |  | — |  |  | — |  |  | — |  |  | 50,506 |  |  | 50,506 |
Interest and other income |  | — |  |  | — |  |  | — |  |  | 114 |  |  | 114 |
Interest expense |  | (12,022 | ) |  | (1,136 | ) |  | (2,583 | ) |  | (72,624 | ) |  | (88,365 | )
Loss on early extinguishment of debt |  | — |  |  | — |  |  | (130 | ) |  | — |  |  | (130 | )
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee |  | 60,151 |  |  | 353,939 |  |  | 16,261 |  |  | (67,644 | ) |  | 362,707 |
Income tax expense |  | — |  |  | — |  |  | — |  |  | (365 | ) |  | (365 | )
Equity in earnings of an investee |  | — |  |  | — |  |  | — |  |  | 51 |  |  | 51 |
Net income (loss) |  | 60,151 |  |  | 353,939 |  |  | 16,261 |  |  | (67,958 | ) |  | 362,393 |
Net income attributable to noncontrolling interest |  | (2,784 | ) |  | — |  |  | — |  |  | — |  |  | (2,784 | )
Net income (loss) attributable to common shareholders |  | $ | 57,367 |  |  | $ | 353,939 |  |  | $ | 16,261 |  |  | $ | (67,958 | ) |  | $ | 359,609 |
| As of December 31, 2018
| MOBs |  | Triple Net Leased Senior Living Communities |  | Managed Senior Living Communities |  | All Other Operations |  | Consolidated
Total assets | $ | 3,344,581 |  |  | $ | 2,044,939 |  |  | $ | 1,395,657 |  |  | $ | 375,249 |  |  | $ | 7,160,426 |

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