SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Summary information by reportable business segment

Summary information by reportable business segment is as follows:

	For the Three Months Ended September 30, 2019
	Triple-Net Leased Properties		Senior Living Operations		Office Operations		All Other		Total
	(In thousands)
Revenues:
Rental income	$	193,383	$	—	$	214,939	$	—	$	408,322
Resident fees and services	—		541,090		—		—		541,090
Office building and other services revenue	—		—		2,059		900		2,959
Income from loans and investments	—		—		—		30,164		30,164
Interest and other income	—		—		—		620		620
Total revenues	$	193,383	$	541,090	$	216,998	$	31,684	$	983,155
Total revenues	$	193,383	$	541,090	$	216,998	$	31,684	$	983,155
Less:
Interest and other income	—		—		—		620		620
Property-level operating expenses	6,338		388,011		67,144		—		461,493
Office building services costs	—		—		627		—		627
Segment NOI	$	187,045	$	153,079	$	149,227	$	31,064	520,415
Interest and other income									620
Interest expense									(113,967		)
Depreciation and amortization									(234,603		)
General, administrative and professional fees									(40,530		)
Loss on extinguishment of debt, net									(37,434		)
Merger-related expenses and deal costs									(4,304		)
Other									(2,164		)
Income from unconsolidated entities									854
Gain on real estate dispositions									36
Income tax expense									(2,005		)
Income from continuing operations									86,918
Discontinued operations									—
Net income									86,918
Net income attributable to noncontrolling interests									1,659
Net income attributable to common stockholders									$	85,259

	For the Three Months Ended September 30, 2018
	Triple-Net Leased Properties		Senior Living Operations		Office Operations		All Other		Total
	(In thousands)
Revenues:
Rental income	$	190,117	$	—	$	193,911	$	—	$	384,028
Resident fees and services	—		518,560		—		—		518,560
Office building and other services revenue	202		—		2,175		911		3,288
Income from loans and investments	—		—		—		18,108		18,108
Interest and other income	—		—		—		12,554		12,554
Total revenues	$	190,319	$	518,560	$	196,086	$	31,573	$	936,538
Total revenues	$	190,319	$	518,560	$	196,086	$	31,573	$	936,538
Less:
Interest and other income	—		—		—		12,554		12,554
Property-level operating expenses	—		366,721		61,668		—		428,389
Office building services costs	—		—		431		—		431
Segment NOI	$	190,319	$	151,839	$	133,987	$	19,019	495,164
Interest and other income									12,554
Interest expense									(107,581		)
Depreciation and amortization									(218,579		)
General, administrative and professional fees									(39,677		)
Loss on extinguishment of debt, net									(39,527		)
Merger-related expenses and deal costs									(4,458		)
Other									(1,244		)
Loss from unconsolidated entities									(716		)
Gain on real estate dispositions									18
Income tax benefit									7,327
Income from continuing operations									103,281
Discontinued operations									—
Net income									103,281
Net income attributable to noncontrolling interests									1,309
Net income attributable to common stockholders									$	101,972

	For the Nine Months Ended September 30, 2019
	Triple-Net Leased Properties		Senior Living Operations		Office Operations		All Other		Total
	(In thousands)
Revenues:
Rental income	$	589,833	$	—	$	618,555	$	—	$	1,208,388
Resident fees and services	—		1,583,262		—		—		1,583,262
Office building and other services revenue	—		—		5,685		2,483		8,168
Income from loans and investments	—		—		—		66,819		66,819
Interest and other income	—		—		—		10,109		10,109
Total revenues	$	589,833	$	1,583,262	$	624,240	$	79,411	$	2,876,746
Total revenues	$	589,833	$	1,583,262	$	624,240	$	79,411	$	2,876,746
Less:
Interest and other income	—		—		—		10,109		10,109
Property-level operating expenses	20,092		1,115,834		191,972		—		1,327,898
Office building services costs	—		—		1,775		—		1,775
Segment NOI	$	569,741	$	467,428	$	430,493	$	69,302	1,536,964
Interest and other income									10,109
Interest expense									(334,955		)
Depreciation and amortization									(696,710		)
General, administrative and professional fees									(124,369		)
Loss on extinguishment of debt, net									(41,861		)
Merger-related expenses and deal costs									(11,084		)
Other									9,294
Loss from unconsolidated entities									(2,621		)
Gain on real estate dispositions									24,633
Income tax benefit									57,004
Income from continuing operations									426,404
Discontinued operations									—
Net income									426,404
Net income attributable to noncontrolling interests									4,831
Net income attributable to common stockholders									$	421,573

	For the Nine Months Ended September 30, 2018
	Triple-Net Leased Properties		Senior Living Operations		Office Operations		All Other		Total
	(In thousands)
Revenues:
Rental income	$	548,628	$	—	$	580,471	$	—	$	1,129,099
Resident fees and services	—		1,552,302		—		—		1,552,302
Office building and other services revenue	2,522		—		5,785		2,598		10,905
Income from loans and investments	—		—		—		105,706		105,706
Interest and other income	—		—		—		24,535		24,535
Total revenues	$	551,150	$	1,552,302	$	586,256	$	132,839	$	2,822,547
Total revenues	$	551,150	$	1,552,302	$	586,256	$	132,839	$	2,822,547
Less:
Interest and other income	—		—		—		24,535		24,535
Property-level operating expenses	—		1,080,053		182,662		—		1,262,715
Office building services costs	—		—		1,080		—		1,080
Segment NOI	$	551,150	$	472,249	$	402,514	$	108,304	1,534,217
Interest and other income									24,535
Interest expense									(331,973		)
Depreciation and amortization									(675,363		)
General, administrative and professional fees									(113,507		)
Loss on extinguishment of debt, net									(50,411		)
Merger-related expenses and deal costs									(26,288		)
Other									(7,891		)
Loss from unconsolidated entities									(47,826		)
Gain on real estate dispositions									35,893
Income tax benefit									11,303
Income from continuing operations									352,689
Discontinued operations									(10		)
Net income									352,679
Net income attributable to noncontrolling interests									5,485
Net income attributable to common stockholders									$	347,194

Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment

Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2019		2018		2019		2018
	(In thousands)
Capital expenditures:
Triple-net leased properties	$	13,558	$	10,773	$	27,805	$	31,781
Senior living operations	780,837		36,138		845,290		90,892
Office operations	94,396		82,294		396,342		216,500
Total capital expenditures	$	888,791	$	129,205	$	1,269,437	$	339,173

Revenues from external customers by geographic area

Our portfolio of properties and mortgage loan and other investments are located in the United States, Canada and the United Kingdom. Revenues are attributed to an individual country based on the location of each property. Geographic information regarding our operations is as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2019		2018		2019		2018
	(In thousands)
Revenues:
United States	$	904,031	$	881,477	$	2,688,329	$	2,656,487
Canada	72,495		48,080		167,881		144,366
United Kingdom	6,629		6,981		20,536		21,694
Total revenues	$	983,155	$	936,538	$	2,876,746	$	2,822,547

Net real estate property by geographic area

	As of September 30, 2019		As of December 31, 2018
	(In thousands)
Net real estate property:
United States	$	18,917,383	$	18,861,163
Canada	2,764,468		963,588
United Kingdom	250,187		268,906
Total net real estate property	$	21,932,038	$	20,093,657