Credit Concentration

12 Months Ended

Dec. 31, 2013

8. Credit Concentration

The following table summarizes certain information about our credit concentration as of December 31, 2013, excluding our share of investments in unconsolidated entities. See Note 7 for additional information (dollars in thousands):


		Number of	Total		Percent of
Concentration by investment:⁽¹⁾		Properties	Investment		Investment⁽²⁾
	Sunrise Senior Living	120	$	4,019,340	19%
	Genesis HealthCare	177		2,652,988	12%
	Revera	47		1,170,552	5%
	Benchmark Senior Living	39		940,124	4%
	Belmont Village	19		850,500	4%
	Remaining portfolio	740		12,046,717	56%
	Totals	1,142	$	21,680,221	100%

_____________________

Genesis is in our seniors housing triple-net segment. Sunrise, Revera, and Belmont Village are in our seniors housing operating segment. Benchmark is in both our seniors housing triple-net and seniors housing operating segments.
Investments with our top five relationships comprised 37% of total investments at December 31, 2012.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details