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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Real property owned:    
Land and land improvements $ 2,591,071 $ 2,563,445
Buildings and improvements 24,496,153 25,522,542
Acquired lease intangibles 1,402,884 1,350,585
Real property held for sale, net of accumulated depreciation 1,044,859 169,950
Construction in progress 506,091 258,968
Gross real property owned 30,041,058 29,865,490
Less accumulated depreciation and amortization (4,093,494) (3,796,297)
Net real property owned 25,947,564 26,069,193
Real estate loans receivable:    
Real estate loans receivable 622,628 819,492
Less allowance for losses on loans receivable (6,563) 0
Net real estate loans receivable 616,065 819,492
Net real estate investments 26,563,629 26,888,685
Other assets:    
Investments in unconsolidated entities 457,138 542,281
Goodwill 68,321 68,321
Cash and cash equivalents 419,378 360,908
Restricted cash 187,842 61,782
Straight-line rent receivable 342,578 395,562
Receivables and other assets 826,298 706,306
Total other assets 2,301,555 2,135,160
Total assets 28,865,184 29,023,845
Liabilities:    
Borrowings under unsecured lines of credit arrangements [1] 645,000 835,000
Senior unsecured notes 8,161,619 8,548,055
Secured debt 3,477,699 3,509,142
Capital lease obligations 73,927 75,489
Accrued expenses and other liabilities 827,034 697,191
Total liabilities 13,185,279 13,664,877
Redeemable noncontrolling interests 398,433 183,083
Equity:    
Preferred stock 1,006,250 1,006,250
Stock common 363,071 354,811
Capital in excess of par value 16,999,691 16,478,300
Treasury stock (54,741) (44,372)
Cumulative net income 4,803,575 3,725,772
Cumulative dividends (8,144,981) (6,846,056)
Accumulated other comprehensive income (169,531) (88,243)
Other equity 3,059 4,098
Total Welltower, Inc. stockholders' equity 14,806,393 14,590,560
Noncontrolling interests 475,079 585,325
Total equity 15,281,472 15,175,885
Total liabilities and equity $ 28,865,184 $ 29,023,845
[1]
As of December 31, 2016, letters of credit in the aggregate amount of $41,878,000 have been issued, which reduces the available borrowing capacity on the primary unsecured revolving credit facility.