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Segment Disclosures (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Summary financial information of reportable segment (in thousands)
The following tables summarize information for the reportable segments (in thousands):
For the year ended December 31, 2017:
Segments
 
Senior Housing Triple-Net
 
SHOP
 
Life Science
 
Medical Office
 
Other Non-reportable
 
Corporate Non-segment
 
Total
Rental revenues(1)
 
$
313,547

 
$
525,473

 
$
358,816

 
$
477,459

 
$
116,846

 
$
—

 
$
1,792,141

Operating expenses
 
(3,819
)
 
(396,491
)
 
(78,001
)
 
(183,197
)
 
(4,743
)
 
—

 
(666,251
)
NOI
 
309,728

 
128,982

 
280,815

 
294,262

 
112,103

 
—

 
1,125,890

Adjustments to NOI(2)
 
17,098

 
33,227

 
(4,517
)
 
(2,952
)
 
(4,446
)
 
—

 
38,410

Adjusted NOI
 
326,826

 
162,209

 
276,298

 
291,310

 
107,657

 
—

 
1,164,300

Addback adjustments
 
(17,098
)
 
(33,227
)
 
4,517

 
2,952

 
4,446

 
—

 
(38,410
)
Interest income
 
—

 
—

 
—

 
—

 
56,237

 
—

 
56,237

Interest expense
 
(2,518
)
 
(7,920
)
 
(373
)
 
(506
)
 
(4,230
)
 
(292,169
)
 
(307,716
)
Depreciation and amortization
 
(103,820
)
 
(103,162
)
 
(128,864
)
 
(169,795
)
 
(29,085
)
 
—

 
(534,726
)
General and administrative
 
—

 
—

 
—

 
—

 
—

 
(88,772
)
 
(88,772
)
Transaction costs
 
—

 
—

 
—

 
—

 
—

 
(7,963
)
 
(7,963
)
Recoveries (impairments), net
 
(22,590
)
 
—

 
—

 
—

 
(143,794
)
 
—

 
(166,384
)
Gain (loss) on sales of real estate, net
 
280,349

 
17,485

 
45,916

 
9,095

 
3,796

 
—

 
356,641

Loss on debt extinguishment
 
—

 
—

 
—

 
—

 
—

 
(54,227
)
 
(54,227
)
Other income (expense), net
 
—

 
—

 
—

 
—

 
50,895

 
(19,475
)
 
31,420

Income tax benefit (expense)
 
—

 
—

 
—

 
—

 
—

 
1,333

 
1,333

Equity income (loss) from unconsolidated JVs
 
—

 
—

 
—

 
—

 
10,901

 
—

 
10,901

Net income (loss)
 
$
461,149

 
$
35,385

 
$
197,494

 
$
133,056

 
$
56,823

 
$
(461,273
)
 
$
422,634

_______________________________________
(1)
Represents rental and related revenues, tenant recoveries, resident fees and services, and income from DFLs.
(2)
Represents straight-line rents, DFL non-cash interest, amortization of market lease intangibles, net, deferral of community fees, net and termination fees.
For the year ended December 31, 2016:
Segments
 
Senior Housing Triple-Net
 
SHOP
 
Life Science
 
Medical Office
 
Other Non-reportable
 
Corporate Non-segment
 
Total
Rental revenues(1)
 
$
423,118

 
$
686,822

 
$
358,537

 
$
446,280

 
$
125,729

 
$
—

 
$
2,040,486

Operating expenses
 
(6,710
)
 
(480,870
)
 
(72,478
)
 
(173,687
)
 
(4,654
)
 
—

 
(738,399
)
NOI
 
416,408

 
205,952

 
286,059

 
272,593

 
121,075

 
—

 
1,302,087

Adjustments to NOI(2)
 
(7,566
)
 
(2,686
)
 
(2,954
)
 
(3,536
)
 
(3,022
)
 
—

 
(19,764
)
Adjusted NOI
 
408,842

 
203,266

 
283,105

 
269,057

 
118,053

 
—

 
1,282,323

Addback adjustments
 
7,566

 
2,686

 
2,954

 
3,536

 
3,022

 
—

 
19,764

Interest income
 
—

 
—

 
—

 
—

 
88,808

 
—

 
88,808

Interest expense
 
(9,499
)
 
(29,745
)
 
(2,357
)
 
(5,895
)
 
(9,153
)
 
(407,754
)
 
(464,403
)
Depreciation and amortization
 
(136,146
)
 
(108,806
)
 
(130,829
)
 
(161,790
)
 
(30,537
)
 
—

 
(568,108
)
General and administrative
 
—

 
—

 
—

 
—

 
—

 
(103,611
)
 
(103,611
)
Transaction costs
 
—

 
—

 
—

 
—

 
—

 
(9,821
)
 
(9,821
)
Gain (loss) on sales of real estate, net
 
48,744

 
675

 
49,042

 
8,333

 
57,904

 
—

 
164,698

Loss on debt extinguishment
 


 


 


 


 


 
(46,020
)
 
(46,020
)
Other income (expense), net
 
—

 
—

 
—

 
—

 
—

 
3,654

 
3,654

Income tax benefit (expense)
 
—

 
—

 
—

 
—

 
—

 
(4,473
)
 
(4,473
)
Equity income (loss) from unconsolidated JVs
 
—

 
—

 
—

 
—

 
11,360

 
—

 
11,360

Discontinued operations
 
—

 
—

 
—

 
—

 
—

 
265,755

 
265,755

Net income (loss)
 
$
319,507

 
$
68,076

 
$
201,915

 
$
113,241

 
$
239,457

 
$
(302,270
)
 
$
639,926

_______________________________________
(1)
Represents rental and related revenues, tenant recoveries, resident fees and services, and income from DFLs.
(2)
Represents straight-line rents, DFL non-cash interest, amortization of market lease intangibles, net, deferral of community fees, net and termination fees.
For the year ended December 31, 2015:
Segments
 
Senior Housing Triple-Net
 
SHOP
 
Life Science
 
Medical Office
 
Other Non-reportable
 
Corporate Non-segment
 
Total
Rental revenues(1)
 
$
428,269

 
$
518,264

 
$
342,984

 
$
415,351

 
$
123,437

 
$
—

 
$
1,828,305

Operating expenses
 
(3,427
)
 
(371,016
)
 
(70,217
)
 
(162,054
)
 
(3,965
)
 
—

 
(610,679
)
NOI
 
424,842

 
147,248

 
272,767

 
253,297

 
119,472

 
—

 
1,217,626

Adjustments to NOI(2)
 
(9,716
)
 
8,145

 
(10,128
)
 
(4,933
)
 
(2,356
)
 
—

 
(18,988
)
Adjusted NOI
 
415,126

 
155,393

 
262,639

 
248,364

 
117,116

 
—

 
1,198,638

Addback adjustments
 
9,716

 
(8,145
)
 
10,128

 
4,933

 
2,356

 
—

 
18,988

Interest income
 
—

 
—

 
—

 
—

 
112,184

 
—

 
112,184

Interest expense
 
(16,899
)
 
(31,869
)
 
(2,878
)
 
(9,603
)
 
(9,745
)
 
(408,602
)
 
(479,596
)
Depreciation and amortization
 
(125,538
)
 
(80,981
)
 
(126,241
)
 
(143,682
)
 
(28,463
)
 
—

 
(504,905
)
General and administrative
 
—

 
—

 
—

 
—

 
—

 
(95,965
)
 
(95,965
)
Transaction costs
 
—

 
—

 
—

 
—

 
—

 
(27,309
)
 
(27,309
)
Recoveries (impairments), net
 
—

 
—

 
—

 
—

 
(108,349
)
 
—

 
(108,349
)
Gain (loss) on sales of real estate, net
 
6,325

 
—

 
—

 
52

 
—

 
—

 
6,377

Other income (expense), net
 
—

 
—

 
—

 
—

 
—

 
16,208

 
16,208

Income tax benefit (expense)
 
—

 
—

 
—

 
—

 
—

 
9,807

 
9,807

Equity income (loss) from unconsolidated JVs
 
—

 
—

 
—

 
—

 
6,590

 
—

 
6,590

Discontinued operations
 
—

 
—

 
—

 
—

 
—

 
(699,086
)
 
(699,086
)
Net income (loss)
 
$
288,730

 
$
34,398

 
$
143,648

 
$
100,064

 
$
91,689

 
$
(1,204,947
)
 
$
(546,418
)
_______________________________________
(1)
Represents rental and related revenues, tenant recoveries, resident fees and services, and income from DFLs.
(2)
Represents straight-line rents, DFL non-cash interest, amortization of market lease intangibles, net, deferral of community fees, net and termination fees.
Reconciliation of company's revenues to total revenues (in thousands)
The following table summarizes the Company’s revenues by segment (in thousands):
 
 
Year Ended
 
 
December 31,
Segments
 
2017
 
2016
 
2015
Senior housing triple-net
 
$
313,547

    
$
423,118

 
$
428,269

SHOP
 
525,473

 
686,822

 
518,264

Life science
 
358,816

 
358,537

 
342,984

Medical office
 
477,459

 
446,280

 
415,351

Other non-reportable segments
 
173,083

 
214,537

 
235,621

Total revenues
 
$
1,848,378

 
$
2,129,294

 
$
1,940,489
Reconciliation of company's assets to total assets (in thousands)
The following table summarizes the Company’s total assets by segment (in thousands):
 
 
December 31,
Segments
 
2017
 
2016
 
2015
Senior housing triple-net
 
$
3,515,400

 
$
3,871,720

 
$
5,092,443

SHOP
 
2,392,130

 
3,135,115

 
2,684,675

Life science
 
4,154,372

 
3,961,623

 
3,613,726

Medical office
 
3,989,168

 
3,724,483

 
3,410,931

Gross reportable segment assets
 
14,051,070

 
14,692,941

 
14,801,775

Accumulated depreciation and amortization
 
(2,919,278
)
 
(2,900,060
)
 
(2,704,425
)
Net reportable segment assets
 
11,131,792

 
11,792,881

 
12,097,350

Other non-reportable segment assets
 
1,904,433

 
2,255,712

 
2,392,823

Assets held for sale and discontinued operations, net
 
417,014

 
927,866

 
5,654,326

Other non-segment assets
 
635,222

 
782,806

 
1,305,350

Total assets
 
$
14,088,461

 
$
15,759,265

 
$
21,449,849