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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Schedule of segment reporting information
 
 
For the Three Months Ended March 31, 2017
 
 
Triple Net
 
 
 
 
 
 
 
 
 
 
Leased
 
Managed
 
 
 
 
 
 
 
 
Senior Living
 
Senior Living
 
 
 
All Other
 
 
 
 
Communities
 
Communities
 
MOBs
 
Operations
 
Consolidated
Revenues:
 
 

 
 

 
 

 
 

 
 

Rental income
 
$
67,252

 
$

 
$
94,646

 
$
4,545

 
$
166,443

Residents fees and services
 

 
98,118

 

 

 
98,118

Total revenues
 
67,252

 
98,118

 
94,646

 
4,545

 
264,561

 
 
 
 
 
 
 
 
 
 
 
Expenses:
 
 

 
 

 
 

 
 

 
 

Property operating expenses
 

 
73,880

 
27,177

 

 
101,057

Depreciation and amortization
 
20,334

 
20,215

 
31,678

 
948

 
73,175

General and administrative
 

 

 

 
15,083

 
15,083

Acquisition and certain other transaction related costs
 

 

 

 
292

 
292

Total expenses
 
20,334

 
94,095

 
58,855

 
16,323

 
189,607

 
 
 
 
 
 
 
 
 
 
 
Operating income (loss)
 
46,918

 
4,023

 
35,791

 
(11,778
)
 
74,954

 
 
 
 
 
 
 
 
 
 
 
Dividend income
 

 

 

 
659

 
659

Interest and other income
 

 

 

 
120

 
120

Interest expense
 
(5,339
)
 
(1,176
)
 
(6,321
)
 
(30,652
)
 
(43,488
)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee
 
41,579

 
2,847

 
29,470

 
(41,651
)
 
32,245

Income tax expense
 

 

 

 
(92
)
 
(92
)
Equity in earnings of an investee
 

 

 

 
128

 
128

Net income (loss)
 
$
41,579

 
$
2,847

 
$
29,470

 
$
(41,615
)
 
32,281

Net income attributable to noncontrolling interest
 

 

 
(126
)
 

 
(126
)
Net income attributable to common shareholders
 
$
41,579

 
$
2,847

 
$
29,344

 
$
(41,615
)
 
$
32,155

 
 
 
 
 
 
 
 
 
 
 
 
 
As of March 31, 2017
 
 
Triple Net
 
 
 
 
 
 
 
 
 
 
Leased
 
Managed
 
 
 
 
 
 
 
 
Senior Living
 
Senior Living
 
 
 
All Other
 
 
 
 
Communities
 
Communities
 
MOBs
 
Operations
 
Consolidated
Total assets
 
$
2,279,923

 
$
1,245,955

 
$
3,323,735

 
$
370,591

 
$
7,220,204


 
 
For the Three Months Ended March 31, 2016
 
 
Triple Net
 
 
 
 
 
 
 
 
 
 
Leased
 
Managed
 
 
 
 
 
 
 
 
Senior Living
 
Senior Living
 
 
 
All Other
 
 
 
 
Communities
 
Communities
 
MOBs
 
Operations
 
Consolidated
Revenues:
 
 

 
 

 
 

 
 

 
 

Rental income
 
$
65,308

 
$

 
$
91,582

 
$
4,531

 
$
161,421

Residents fees and services
 

 
96,954

 

 

 
96,954

Total revenues
 
65,308

 
96,954

 
91,582

 
4,531

 
258,375

 
 
 
 
 
 
 
 
 
 
 
Expenses:
 
 

 
 

 
 

 
 

 
 

Property operating expenses
 
363

 
72,178

 
25,408

 

 
97,949

Depreciation and amortization
 
19,401

 
20,018

 
30,856

 
948

 
71,223

General and administrative
 

 

 

 
10,863

 
10,863

Acquisition and certain other transaction related costs
 

 

 

 
439

 
439

Impairment of assets
 
4,391

 

 
2,999

 

 
7,390

Total expenses
 
24,155

 
92,196

 
59,263

 
12,250

 
187,864

 
 
 
 
 
 
 
 
 
 
 
Operating income (loss)
 
41,153

 
4,758

 
32,319

 
(7,719
)
 
70,511

 
 
 
 
 
 
 
 
 
 
 
Interest and other income
 

 

 

 
64

 
64

Interest expense
 
(6,382
)
 
(2,564
)
 
(953
)
 
(29,381
)
 
(39,280
)
Loss on early extinguishment of debt
 

 
(6
)
 

 

 
(6
)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee
 
34,771

 
2,188

 
31,366

 
(37,036
)
 
31,289

Income tax expense
 

 

 

 
(94
)
 
(94
)
Equity in earnings of an investee
 

 

 

 
77

 
77

Net income (loss)
 
$
34,771

 
$
2,188

 
$
31,366

 
$
(37,053
)
 
$
31,272

 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2016
 
 
Triple Net
 
 
 
 
 
 
 
 
 
 
Leased
 
Managed
 
 
 
 
 
 
 
 
Senior Living
 
Senior Living
 
 
 
All Other
 
 
 
 
Communities
 
Communities
 
MOBs
 
Operations
 
Consolidated
Total assets
 
$
2,289,045

 
$
1,260,032

 
$
3,333,141

 
$
345,536

 
$
7,227,754