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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Real property owned:    
Land and land improvements $ 2,563,445 $ 2,046,541
Buildings and improvements 25,522,542 21,799,313
Acquired lease intangibles 1,350,585 1,135,936
Real property held for sale, net of accumulated depreciation 169,950 323,818
Construction in progress 258,968 186,327
Gross real property owned 29,865,490 25,491,935
Less accumulated depreciation and amortization (3,796,297) (3,020,908)
Net real property owned 26,069,193 22,471,027
Real estate loans receivable:    
Real estate loans receivable 819,492 380,169
Net real estate investments 26,888,685 22,851,196
Other assets:    
Investments in unconsolidated entities 542,281 744,151
Goodwill 68,321 68,321
Cash and cash equivalents 360,908 473,726
Restricted cash 61,782 79,697
Straight-line rent receivable 395,562 279,806
Receivables and other assets 706,306 466,026
Total other assets 2,135,160 2,111,727
Total assets 29,023,845 24,962,923
Liabilities:    
Borrowings under unsecured lines of credit arrangements [1] 835,000 0
Senior unsecured notes 8,548,055 7,729,405
Secured debt 3,509,142 2,963,186
Capital lease obligations 75,489 84,049
Accrued expenses and other liabilities 697,191 626,825
Total liabilities 13,664,877 11,403,465
Redeemable noncontrolling interests 183,083 86,409
Equity:    
Preferred stock 1,006,250 1,006,250
Stock common 354,811 328,835
Capital in excess of par value 16,478,300 14,740,712
Treasury stock (44,372) (35,241)
Cumulative net income 3,725,772 2,842,022
Cumulative dividends (6,846,056) (5,635,923)
Accumulated other comprehensive income (88,243) (77,009)
Other equity 4,098 5,507
Total Welltower, Inc. stockholders' equity 14,590,560 13,175,153
Noncontrolling interests 585,325 297,896
Total equity 15,175,885 13,473,049
Total liabilities and equity $ 29,023,845 $ 24,962,923
[1] As of December 31, 2015, letters of credit in the aggregate amount of $54,925,000 have been issued which reduce the available borrowing capacity on the primary unsecured credit facility.