ACQUISITIONS OF REAL ESTATE PROPERTY

3 Months Ended

Mar. 31, 2017

Business Combinations [Abstract]

ACQUISITIONS OF REAL ESTATE PROPERTY

NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY

We acquire and invest in seniors housing and healthcare properties primarily to achieve an expected yield on investment, to grow and diversify our portfolio and revenue base, and to reduce our dependence on any single tenant, operator or manager, geographic location, asset type, business model or revenue source.

During the three months ended March 31, 2017, we acquired eleven triple-net leased seniors housing communities (including six assets previously owned by an equity method investee) and one life science, research and medical campus (reported within our office operations reportable business segment) for an aggregate purchase price of $353.4 million. Each of these acquisitions was accounted for as an asset acquisition.