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Segment Disclosures (Tables)
 12 Months Ended
Dec. 31, 2019
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, 2019:
 
 
Senior Housing Triple-Net
 
SHOP
 
Life Science
 
Medical Office
 
Other Non-reportable
 
Corporate Non-segment
 
Total
Real estate revenues(1)
 
$
199,441

 
$
725,171

 
$
440,784

 
$
571,530

 
$
50,613

 
$
—

 
$
1,987,539

Operating expenses
 
(4,565
)
 
(565,713
)
 
(107,472
)
 
(201,538
)
 
(82
)
 
—

 
(879,370
)
NOI
 
194,876

 
159,458

 
333,312

 
369,992

 
50,531

 
—

 
1,108,169

Adjustments to NOI(2)
 
2,725

 
2,872

 
(22,120
)
 
(5,877
)
 
1,342

 
—

 
(21,058
)
Adjusted NOI
 
197,601

 
162,330

 
311,192

 
364,115

 
51,873

 
—

 
1,087,111

Addback adjustments
 
(2,725
)
 
(2,872
)
 
22,120

 
5,877

 
(1,342
)
 
—

 
21,058

Interest income
 
—

 
—

 
—

 
—

 
9,844

 
—

 
9,844

Interest expense
 
(1,003
)
 
(7,519
)
 
(277
)
 
(434
)
 
—

 
(216,386
)
 
(225,619
)
Depreciation and amortization
 
(55,361
)
 
(214,590
)
 
(168,339
)
 
(214,669
)
 
(7,030
)
 
—

 
(659,989
)
General and administrative
 
—

 
—

 
—

 
—

 
—

 
(92,966
)
 
(92,966
)
Transaction costs
 
—

 
—

 
—

 
—

 
—

 
(8,743
)
 
(8,743
)
Recoveries (impairments), net
 
(43,859
)
 
(164,369
)
 
—

 
(17,332
)
 
(377
)
 
—

 
(225,937
)
Gain (loss) on sales of real estate, net
 
3,557

 
19,384

 
3,651

 
3,139

 
(6,831
)
 
—

 
22,900

Loss on debt extinguishment
 
—

 
—

 
—

 
—

 
—

 
(58,364
)
 
(58,364
)
Other income (expense), net
 
—

 
160,886

 
—

 
—

 
8,137

 
13,106

 
182,129

Income tax benefit (expense)
 
—

 
—

 
—

 
—

 
—

 
17,262

 
17,262

Equity income (loss) from unconsolidated joint ventures
 
—

 
—

 
—

 
—

 
(8,625
)
 
—

 
(8,625
)
Net income (loss)
 
$
98,210

 
$
(46,750
)
 
$
168,347

 
$
140,696

 
$
45,649

 
$
(346,091
)
 
$
60,061

_______________________________________
(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, 2018:
 
 
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

 
$
547,375

 
$
69,777

 
$
—

 
$
1,836,283

Operating expenses
 
(3,618
)
 
(414,312
)
 
(91,742
)
 
(195,100
)
 
(266
)
 
—

 
(705,038
)
NOI
 
272,473

 
133,664

 
303,322

 
352,275

 
69,511

 
—

 
1,131,245

Adjustments to NOI(2)
 
2,127

 
2,875

 
(9,589
)
 
(6,690
)
 
(627
)
 
—

 
(11,904
)
Adjusted NOI
 
274,600

 
136,539

 
293,733

 
345,585

 
68,884

 
—

 
1,119,341

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

 
6,690

 
627

 
—

 
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
)
 
(200,430
)
 
(24,579
)
 
—

 
(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

 
$
155,799

 
$
78,357

 
$
(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:
 
 
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

 
$
512,385

 
$
81,920

 
$
—

 
$
1,792,141

Operating expenses
 
(3,819
)
 
(396,491
)
 
(78,001
)
 
(187,688
)
 
(252
)
 
—

 
(666,251
)
NOI
 
309,728

 
128,982

 
280,815

 
324,697

 
81,668

 
—

 
1,125,890

Adjustments to NOI(2)
 
17,098

 
33,227

 
(4,517
)
 
(5,405
)
 
(1,993
)
 
—

 
38,410

Adjusted NOI
 
326,826

 
162,209

 
276,298

 
319,292

 
79,675

 
—

 
1,164,300

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

 
5,405

 
1,993

 
—

 
(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
)
 
(176,507
)
 
(22,373
)
 
—

 
(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

Discontinued operations
 
—

 
—

 
—

 
—

 
—

 
—

 
—

Net income (loss)
 
$
461,149

 
$
35,385

 
$
197,494

 
$
156,779

 
$
33,100

 
$
(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.
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
 
2019
 
2018
 
2017
Senior housing triple-net
 
$
199,441

    
$
276,091

 
$
313,547

SHOP
 
725,171

 
547,976

 
525,473

Life science
 
440,784

 
395,064

 
358,816

Medical office
 
571,530

 
547,375

 
512,385

Other non-reportable segments
 
60,457

 
80,183

 
138,157

Total revenues
 
$
1,997,383

 
$
1,846,689

 
$
1,848,378
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,
Segment
 
2019
 
2018
Senior housing triple-net
 
$
1,012,443

 
$
2,965,679

SHOP
 
2,969,871

 
2,173,795

Life science
 
5,688,659

 
4,303,471

Medical office
 
4,761,357

 
4,603,794

Reportable segment assets
 
14,432,330

 
14,046,739

Accumulated depreciation and amortization
 
(2,966,987
)
 
(2,997,012
)
Net reportable segment assets
 
11,465,343

 
11,049,727

Other non-reportable segment assets
 
1,233,752

 
847,921

Assets held for sale, net
 
504,394

 
108,086

Other non-segment assets
 
829,402

 
712,819

Total assets
 
$
14,032,891

 
$
12,718,553