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Segment Disclosures (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Summary of Financial Information of Reportable Segments The following tables summarize information for the reportable segments (in thousands):
For the three months ended March 31, 2019:
 
 
Senior Housing Triple-Net
 
SHOP
 
Life Science
 
Medical Office
 
Other Non-reportable
 
Corporate Non-segment
 
Total
Real estate revenues(1)
 
$
58,892

 
$
126,181

 
$
94,473

 
$
142,195

 
$
12,700

 
$
—

 
$
434,441

Operating expenses
 
(993
)
 
(96,948
)
 
(21,992
)
 
(48,987
)
 
(7
)
 
—

 
(168,927
)
NOI
 
57,899

 
29,233

 
72,481

 
93,208

 
12,693

 
—

 
265,514

Adjustments to NOI(2)
 
564

 
1,152

 
(2,478
)
 
(1,771
)
 
195

 
—

 
(2,338
)
Adjusted NOI
 
58,463

 
30,385

 
70,003

 
91,437

 
12,888

 
—

 
263,176

Addback adjustments
 
(564
)
 
(1,152
)
 
2,478

 
1,771

 
(195
)
 
—

 
2,338

Interest income
 
—

 
—

 
—

 
—

 
1,713

 
—

 
1,713

Interest expense
 
(589
)
 
(663
)
 
(73
)
 
(111
)
 
—

 
(47,891
)
 
(49,327
)
Depreciation and amortization
 
(16,683
)
 
(24,086
)
 
(36,246
)
 
(53,101
)
 
(1,835
)
 
—

 
(131,951
)
General and administrative
 
—

 
—

 
—

 
—

 
—

 
(21,355
)
 
(21,355
)
Transaction costs
 
—

 
—

 
—

 
—

 
—

 
(4,518
)
 
(4,518
)
Recoveries (impairments), net
 
—

 
—

 
—

 
(8,858
)
 
—

 
—

 
(8,858
)
Gain (loss) on sales of real estate, net
 
3,557

 
4,487

 
—

 
—

 
—

 
—

 
8,044

Other income (expense), net
 
—

 
—

 
—

 
—

 
—

 
3,133

 
3,133

Income tax benefit (expense)
 
—

 
—

 
—

 
—

 
—

 
3,458

 
3,458

Equity income (loss) from unconsolidated joint ventures
 
—

 
—

 
—

 
—

 
(863
)
 
—

 
(863
)
Net income (loss)
 
$
44,184

 
$
8,971

 
$
36,162

 
$
31,138

 
$
11,708

 
$
(67,173
)
 
$
64,990

_______________________________________
(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 three months ended March 31, 2018:
 
 
Senior Housing Triple-Net
 
SHOP
 
Life Science
 
Medical Office
 
Other Non-reportable
 
Corporate Non-segment
 
Total
Real estate revenues(1)
 
$
74,289

 
$
144,670

 
$
99,622

 
$
133,220

 
$
21,031

 
$
—

 
$
472,832

Operating expenses
 
(1,045
)
 
(101,746
)
 
(21,809
)
 
(47,878
)
 
(74
)
 
—

 
(172,552
)
NOI
 
73,244

 
42,924

 
77,813

 
85,342

 
20,957

 
—

 
300,280

Adjustments to NOI(2)
 
(1,865
)
 
(1,607
)
 
(3,751
)
 
(1,932
)
 
(531
)
 
—

 
(9,686
)
Adjusted NOI
 
71,379

 
41,317

 
74,062

 
83,410

 
20,426

 
—

 
290,594

Addback adjustments
 
1,865

 
1,607

 
3,751

 
1,932

 
531

 
—

 
9,686

Interest income
 
—

 
—

 
—

 
—

 
6,365

 
—

 
6,365

Interest expense
 
(600
)
 
(988
)
 
(83
)
 
(120
)
 
(728
)
 
(72,583
)
 
(75,102
)
Depreciation and amortization
 
(21,906
)
 
(27,628
)
 
(36,080
)
 
(47,198
)
 
(10,438
)
 
—

 
(143,250
)
General and administrative
 
—

 
—

 
—

 
—

 
—

 
(29,175
)
 
(29,175
)
Transaction costs
 
—

 
—

 
—

 
—

 
—

 
(2,195
)
 
(2,195
)
Gain (loss) on sales of real estate, net
 
—

 
20,815

 
—

 
—

 
—

 
—

 
20,815

Other income (expense), net
 
—

 
—

 
—

 
—

 
(40,567
)
 
160

 
(40,407
)
Income tax benefit (expense)
 
—

 
—

 
—

 
—

 
—

 
5,336

 
5,336

Equity income (loss) from unconsolidated joint ventures
 
—

 
—

 
—

 
—

 
570

 
—

 
570

Net income (loss)
 
$
50,738

 
$
35,123

 
$
41,650

 
$
38,024

 
$
(23,841
)
 
$
(98,457
)
 
$
43,237

_______________________________________
(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.
Reconciliation of Company's Revenues by Segment The following table summarizes the Company’s revenues by segment (in thousands):
 
 
Three Months Ended
March 31,
Segment
 
2019
 
2018
Senior housing triple-net
 
$
58,892

 
$
74,289

SHOP
 
126,181

 
144,670

Life science
 
94,473

 
99,622

Medical office
 
142,195

 
133,220

Other non-reportable segments
 
14,413

 
27,396

Total revenues
 
$
436,154

 
$
479,197