Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016		Dec. 31, 2015
Real property owned:
Land and land improvements	$ 2,603,590		$ 2,563,445
Buildings and improvements	25,671,913		25,522,542
Acquired lease intangibles	1,423,032		1,350,585
Real property held for sale, net of accumulated depreciation	913,157		169,950
Construction in progress	529,471		258,968
Gross real property owned	31,141,163		29,865,490
Less accumulated depreciation and amortization	(4,243,038)		(3,796,297)
Net real property owned	26,898,125		26,069,193
Real estate loans receivable:
Net real estate loans receivable	630,020		819,492
Net real estate investments	27,528,145		26,888,685
Other assets:
Investments in unconsolidated entities	479,382		542,281
Goodwill	68,321		68,321
Cash and cash equivalents	428,617		360,908
Restricted cash	83,137		61,782
Straight-line rent receivable	455,774		395,562
Receivables and other assets	812,963		706,306
Total other assets	2,328,194		2,135,160
Total assets	29,856,339		29,023,845
Liabilities:
Borrowings under primary unsecured credit facilities, Carrying Value	1,350,000	[1]	835,000
Senior unsecured notes	8,688,585		8,548,055
Secured debt	3,317,933		3,509,142
Capital lease obligations	74,370		75,489
Accrued expenses and other liabilities	767,683		697,191
Total liabilities	14,198,571		13,664,877
Redeemable noncontrolling interests	393,530		183,083
Equity:
Preferred stock	1,006,250		1,006,250
Common stock	362,703		354,811
Capital in excess of par value	16,983,562		16,478,300
Treasury stock	(52,194)		(44,372)
Cumulative net income	4,454,180		3,725,772
Cumulative dividends	(7,816,492)		(6,846,056)
Accumulated other comprehensive income (loss)	(151,184)		(88,243)
Other equity	3,020		4,098
Total Welltower Inc. stockholders' equity	14,789,845		14,590,560
Noncontrolling interests	474,393		585,325
Total equity	15,264,238		15,175,885
Total liabilities and equity	$ 29,856,339		$ 29,023,845

[1] (1) As of September 30, 2016, letters of credit in the aggregate amount of $45,335,000 have been issued, which reduces the borrowing capacity on the unsecured revolving credit facility.