Investments in Unconsolidated Entities

3 Months Ended

Mar. 31, 2018

Investments In Unconsolidated Entities [Abstract]

7. Investments in Unconsolidated Entities

We participate in a number of joint ventures, which generally invest in seniors housing and health care real estate. The results of operations for these entities have been included in our consolidated results of operations from the date of acquisition by the joint ventures and are reflected in our Consolidated Statements of Comprehensive Income as income or loss from unconsolidated entities. The following is a summary of our investments in unconsolidated entities (dollars in thousands):

	Percentage Ownership⁽¹⁾	March 31, 2018		December 31, 2017
Triple-net	10% to 49%	$	22,440	$	22,856
Seniors housing operating	10% to 50%		338,154		352,430
Outpatient medical	43%		79,830		70,299
Total		$	440,424	$	445,585

(1) Excludes in-substance real estate investments.

At March 31, 2018, the aggregate unamortized basis difference of our joint venture investments of $108,549,000 is primarily attributable to the difference between the amount for which we purchase our interest in the entity, including transaction costs, and the historical carrying value of the net assets of the joint venture. This difference is being amortized over the remaining useful life of the related properties and included in the reported amount of income from unconsolidated entities.