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Segment Disclosures (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Summary financial information of reportable segment
The following tables summarize information for the reportable segments (in thousands):
For the year ended December 31, 2018:
Segments
 
Senior Housing Triple-Net
 
SHOP
 
Life Science
 
Medical Office
 
Other Non-reportable
 
Corporate Non-segment
 
Total
Real estate revenues(1)
 
$
276,091

 
$
547,976

 
$
395,064

 
$
509,019

 
$
108,133

 
$
—

 
$
1,836,283

Operating expenses
 
(3,618
)
 
(414,312
)
 
(91,742
)
 
(189,859
)
 
(5,507
)
 
—

 
(705,038
)
NOI
 
272,473

 
133,664

 
303,322

 
319,160

 
102,626

 
—

 
1,131,245

Adjustments to NOI(2)
 
2,127

 
2,875

 
(9,589
)
 
(2,899
)
 
(4,418
)
 
—

 
(11,904
)
Adjusted NOI
 
274,600

 
136,539

 
293,733

 
316,261

 
98,208

 
—

 
1,119,341

Addback adjustments
 
(2,127
)
 
(2,875
)
 
9,589

 
2,899

 
4,418

 
—

 
11,904

Interest income
 
—

 
—

 
—

 
—

 
10,406

 
—

 
10,406

Interest expense
 
(2,404
)
 
(2,725
)
 
(316
)
 
(474
)
 
(1,469
)
 
(258,955
)
 
(266,343
)
Depreciation and amortization
 
(79,605
)
 
(104,405
)
 
(140,480
)
 
(193,710
)
 
(31,299
)
 
—

 
(549,499
)
General and administrative
 
—

 
—

 
—

 
—

 
—

 
(96,702
)
 
(96,702
)
Transaction costs
 
—

 
—

 
—

 
—

 
—

 
(10,772
)
 
(10,772
)
Recoveries (impairments), net
 
—

 
(44,343
)
 
(7,639
)
 
—

 
(3,278
)
 
—

 
(55,260
)
Gain (loss) on sales of real estate, net
 
641

 
93,977

 
806,184

 
4,428

 
20,755

 
—

 
925,985

Loss on debt extinguishment
 
—

 
—

 
—

 
—

 
—

 
(44,162
)
 
(44,162
)
Other income (expense), net
 
—

 
—

 
—

 
—

 
9,605

 
3,711

 
13,316

Income tax benefit (expense)
 
—

 
—

 
—

 
—

 
—

 
17,854

 
17,854

Equity income (loss) from unconsolidated joint ventures
 
—

 
—

 
—

 
—

 
(2,594
)
 
—

 
(2,594
)
Net income (loss)
 
$
191,105

 
$
76,168

 
$
961,071

 
$
129,404

 
$
104,752

 
$
(389,026
)
 
$
1,073,474

_______________________________________
(1)
Represents rental and related revenues, resident fees and services, and income from DFLs.
(2)
Represents straight-line rents, DFL non-cash interest, amortization of market lease intangibles, net, actuarial reserves for insurance claims that have been incurred but not reported, deferral of community fees, net and termination fees.
For the year ended December 31, 2017:
Segments
 
Senior Housing Triple-Net
 
SHOP
 
Life Science
 
Medical Office
 
Other Non-reportable
 
Corporate Non-segment
 
Total
Real estate 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 joint ventures
 
—

 
—

 
—

 
—

 
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, resident fees and services, and income from DFLs.
(2)
Represents straight-line rents, DFL non-cash interest, amortization of market lease intangibles, net, actuarial reserves for insurance claims that have been incurred but not reported, 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
Real estate 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 joint ventures
 
—

 
—

 
—

 
—

 
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, resident fees and services, and income from DFLs.
(2)
Represents straight-line rents, DFL non-cash interest, amortization of market lease intangibles, net, actuarial reserves for insurance claims that have been incurred but not reported, deferral of community fees, net and termination fees.
Summary of reconciliation of company's revenues to total revenues
The following table summarizes the Company’s revenues by segment (in thousands):
 
 
Year Ended
 
 
December 31,
Segments
 
2018
 
2017
 
2016
Senior housing triple-net
 
$
276,091

    
$
313,547

 
$
423,118

SHOP
 
547,976

 
525,473

 
686,822

Life science
 
395,064

 
358,816

 
358,537

Medical office
 
509,019

 
477,459

 
446,280

Other non-reportable segments
 
118,539

 
173,083

 
214,537

Total revenues
 
$
1,846,689

 
$
1,848,378

 
$
2,129,294
Summary of reconciliation of company's assets to total assets
The following table summarizes the Company’s total assets by segment (in thousands):
 
 
December 31,
Segments
 
2018
 
2017
 
2016
Senior housing triple-net
 
$
2,965,679

 
$
3,515,400

 
$
3,871,720

SHOP
 
2,173,795

 
2,392,130

 
3,135,115

Life science
 
4,303,471

 
4,154,372

 
3,961,623

Medical office
 
4,354,441

 
3,989,168

 
3,724,483

Reportable segment assets
 
13,797,386

 
14,051,070

 
14,692,941

Accumulated depreciation and amortization
 
(2,915,592
)
 
(2,919,278
)
 
(2,900,060
)
Net reportable segment assets
 
10,881,794

 
11,131,792

 
11,792,881

Other non-reportable segment assets
 
1,015,854

 
1,904,433

 
2,255,712

Assets held for sale, net
 
108,086

 
417,014

 
927,866

Other non-segment assets
 
712,819

 
635,222

 
782,806

Total assets
 
$
12,718,553

 
$
14,088,461

 
$
15,759,265