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Concentration of Risk
12 Months Ended
Dec. 31, 2017
Risks and Uncertainties [Abstract]  
Concentration of Risk
CONCENTRATION OF RISK
Major operator concentration – As of December 31, 2017, Ensign leased 92 skilled nursing, assisted living and independent living facilities which had a total of 9,698 beds and units and are located in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Texas, Utah and Washington. The four states in which Ensign leases the highest concentration of properties are California, Texas, Utah and Arizona. As of December 31, 2017, Ensign represents $57.7 million, or 44%, of the Company’s revenues, exclusive of tenant reimbursements, on an annualized run-rate basis.
Ensign is subject to the registration and reporting requirements of the SEC and is required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information. Ensign’s financial statements, as filed with the SEC, can be found at Ensign’s website http://www.ensigngroup.net.