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Other Assets
3 Months Ended
Mar. 31, 2017
Other Assets.  
Other Assets

 

NOTE 9.  Other Assets

The following table summarizes the Company’s other assets (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

    

2017

    

2016

Straight-line rent receivables, net of allowance of $25,173 and $25,059, respectively 

 

$

316,125

 

$

311,776

Marketable debt securities, net 

 

 

18,330

 

 

68,630

Leasing costs and inducements, net 

 

 

87,553

 

 

156,820

Goodwill 

 

 

47,019

 

 

42,386

Other

 

 

136,380

 

 

132,012

Total other assets 

 

$

605,407

 

$

711,624

 

Four Seasons Health Care Senior Notes 

In March 2017, pursuant to a shift in the Company’s investment strategy, the Company sold its £138.5 million par value Four Seasons senior notes (the “Four Seasons Notes”) for £83 million ($101 million). The disposition of the Four Seasons Notes generated a £42 million ($51 million) gain on sale, recognized in other income, net, as the sales price was above the previously-impaired carrying value of £41 million ($50 million).