Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017		Dec. 31, 2016
Real property owned:
Land and land improvements	$ 2,650,473		$ 2,591,071
Buildings and improvements	24,930,472		24,496,153
Acquired lease intangibles	1,421,277		1,402,884
Real property held for sale, net of accumulated depreciation	178,260		1,044,859
Construction in progress	390,180		506,091
Gross real property owned	29,570,662		30,041,058
Less accumulated depreciation and amortization	(4,335,160)		(4,093,494)
Net real property owned	25,235,502		25,947,564
Real estate loans receivable:
Real estate loans receivable	574,080		622,628
Allowance for losses on loans receivable	(6,196)		(6,563)
Net real estate loans receivable	567,884		616,065
Net real estate investments	25,803,386		26,563,629
Other assets:
Investments in unconsolidated entities	416,110		457,138
Goodwill	68,321		68,321
Cash and cash equivalents	380,360		419,378
Restricted cash	42,777		187,842
Straight-line rent receivable	348,085		342,578
Receivables and other assets	708,238		826,298
Total other assets	1,963,891		2,301,555
Total assets	27,767,277		28,865,184
Liabilities:
Borrowings under primary unsecured credit facilities, Carrying Value	522,000	[1]	645,000
Senior unsecured notes	8,188,928		8,161,619
Secured debt	2,669,787		3,477,699
Capital lease obligations	73,470		73,927
Accrued expenses and other liabilities	817,411		827,034
Total liabilities	12,271,596		13,185,279
Redeemable noncontrolling interests	385,418		398,433
Equity:
Preferred stock	718,750		1,006,250
Common stock	365,187		363,071
Capital in excess of par value	17,134,490		16,999,691
Treasury stock	(62,306)		(54,741)
Cumulative net income	5,130,593		4,803,575
Cumulative dividends	(8,474,775)		(8,144,981)
Accumulated other comprehensive income (loss)	(177,200)		(169,531)
Other equity	1,464		3,059
Total Welltower Inc. stockholders' equity	14,636,203		14,806,393
Noncontrolling interests	474,060		475,079
Total equity	15,110,263		15,281,472
Total liabilities and equity	$ 27,767,277		$ 28,865,184

[1] As of March 31, 2017, letters of credit in the aggregate amount of $32,456,000 have been issued, which reduces the borrowing capacity on the unsecured revolving credit facility.