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Leases
9 Months Ended
Sep. 30, 2014
Leases

7. Leases

As of September 30, 2014, the Company’s portfolio of investments consisted of 313 healthcare facilities, located in 29 states and operated by 38 third party operators. At September 30, 2014, approximately 53.6% (measured as a percentage of total assets) were leased by five private operators: Maplewood (13.1%), Saber Health Group (11.4%), EmpRes (11.1%), Daybreak Healthcare (9.6%), and Fundamental (8.4%). No other operator represents more than 5.3% of the Company’s total assets. The five states in which the Company had its highest concentration of total assets were Texas (16.9%), Ohio (12.1%), California (10.7%), Washington (7.0%), and Connecticut (6.5%), at September 30, 2014.

For the nine months ended September 30, 2014, the Company’s rental income from operations totaled approximately $127.9 million, of which approximately $17.0 million was from Daybreak Healthcare (13.3%), $16.3 million from Saber Health Group (12.7%), and $9.9 million from EmpRes (7.7%). No other operator generated more than 7.5% of the Company’s rental income from operations for the nine months ended September 30, 2014.