Credit Concentration

12 Months Ended

Dec. 31, 2016

8. Credit Concentration

We use net operating income from continuing operations (“NOI”) as our credit concentration metric. See Note 17 for additional information and reconciliation. The following table summarizes certain information about our credit concentration for the year ended December 31, 2016, excluding our share of NOI in unconsolidated entities (dollars in thousands):


		Number of	Total		Percent of
Concentration by relationship:⁽¹⁾		Properties	NOI		NOI⁽²⁾
	Genesis Healthcare	86	$	373,577	16%
	Sunrise Senior Living⁽³⁾	152		308,771	13%
	Revera	98		153,712	6%
	Brookdale Senior Living	148		151,337	6%
	Benchmark Senior Living	48		96,958	4%
	Remaining portfolio	781		1,319,822	55%
	Totals	1,313	$	2,404,177	100%

	(1) Genesis Healthcare is in our triple-net segment. Sunrise Senior Living and Revera are in our seniors housing operating segment. Brookdale Senior Living and Benchmark Senior Living are in both our triple-net and seniors housing operating segments.
	(2) Investments with our top five relationships comprised 46% of total NOI in 2015.
	(3) Revera owns a controlling interest in Sunrise Senior Living. For the year ended December 31, 2016, we recognized $998,783,000 of revenue from Sunrise Senior Living.