Credit Concentration

3 Months Ended

Mar. 31, 2018

8. Credit Concentration

We use consolidated net operating income (“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 three months ended March 31, 2018, excluding our share of NOI in unconsolidated entities (dollars in thousands):

		Number of	Total		Percent of
Concentration by relationship:⁽¹⁾		Properties	NOI		NOI⁽²⁾
	Sunrise Senior Living⁽³⁾	160	$	79,838	15%
	Revera⁽³⁾	98		39,525	7%
	Brookdale Senior Living	137		36,865	7%
	Genesis HealthCare	86		34,773	6%
	Benchmark Senior Living	48		23,948	4%
	Remaining portfolio	728		325,551	61%
	Totals	1,257	$	540,500	100%

(1) Genesis Healthcare is in our triple-net segment. Sunrise Senior Living and Revera are in our seniors housing operating segment. Benchmark Senior Living and Brookdale Senior Living are in both our triple-net and seniors housing operating segments.
(2) NOI with our top five relationships comprised 41% of total NOI for the year ended December 31, 2017.
(3) Revera owns a controlling interest in Sunrise Senior Living.