Concentration of Credit Risk

12 Months Ended

Dec. 31, 2016

16.	Concentration of Credit Risk

For the years ended December 31, 2016, 2015 and 2014 the Company had the following geographical concentration that individually accounted for 10% or more of total revenues:

	Type of	December 31,
	Concentration	2016		2015		2014
State of Texas ⁽¹⁾	Geographical	18.4	%	16.5	%	22.1	%

FOOTNOTE:

⁽¹⁾

Includes rental income from operating leases, resident fees and services, and tenant reimbursement income. Adverse economic developments in this geographical area could significantly impact the Company’s results of operations and cash flow from operations, which in turn would impact its ability to pay debt service and make distributions to stockholders.