Investments in and Advances to Unconsolidated Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The Company owns interests in the following entities that are accounted for under the equity method (dollars in thousands): 

			Carrying Amount
			March 31,		December 31,
Entity(1)	Property Count	Ownership %	2019		2018
CCRC JV	15	49	$	358,172	$	365,764
U.K. JV(2)	68	49	102,692		101,735
MBK JV	5	50	34,935		35,435
Other SHOP JVs(3)	5	50 - 90	24,684		25,493
Medical Office JVs(4)	3	20 - 67	10,039		10,160
K&Y JVs(5)	3	80	1,431		1,430
Advances to unconsolidated joint ventures, net			13		71
			$	531,966	$	540,088

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(1) These entities are not consolidated because the Company does not control, through voting rights or other means, the joint ventures.

(2) See Note 3 for discussion of the formation of the U.K. JV and the Company’s equity method investment.

(3) Includes four unconsolidated SHOP joint ventures (and the Company’s ownership percentage): (i) Vintage Park Development JV (85%); (ii) Waldwick JV (85%); (iii) Otay Ranch JV (90%); and (iv) MBK Development JV (50%).

(4) Includes three unconsolidated medical office joint ventures (and the Company’s ownership percentage): HCP Ventures IV, LLC (20%); HCP Ventures III, LLC (30%); and Suburban Properties, LLC (67%).

(5)

At March 31, 2019, includes two unconsolidated joint ventures. At December 31, 2018, includes three unconsolidated joint ventures.