Net Investment in Direct Financing Leases (Tables) (Direct Financing Leases)

12 Months Ended

Dec. 31, 2014

Direct Financing Leases

Loans Receivable:

Schedule of components of net investment in DFLs

The components of net investment in DFLs consisted of the following (dollars in thousands):

	December 31,
	2014		2013
Minimum lease payments receivable	$	24,182,525	$	24,808,386
Estimated residual values		4,126,426		4,134,405
Less unearned income		(21,028,617)		(21,789,392)
Net investment in direct financing leases	$	7,280,334	$	7,153,399
Properties subject to direct financing leases		363		364

Summary of the Company's internal ratings for net investment in DFLs

The following table summarizes the Company’s internal ratings for net investment in DFLs at December 31, 2014 (dollars in thousands):

	Carrying		Percentageof	Internal Ratings
Investment Type	Amount		DFL Portfolio	Performing DFLs		Watch List DFLs		Workout DFLs
Senior housing	$	1,497,136	20	$	1,127,043	$	370,093	$	—
Post-acute/skilled nursing		5,659,307	78		5,659,307		—		—
Hospital		123,891	2		123,891		—		—
	$	7,280,334	100	$	6,910,241	$	370,093	$	—

Future minimum lease payments contractually due under DFLs

Future minimum lease payments contractually due under DFLs at December 31, 2014, were as follows (in thousands):

Year	Amount
2015	$	614,886
2016		625,637
2017		637,666
2018		655,121
2019		674,206
Thereafter		20,975,009
	$	24,182,525