Dispositions and Assets Held for Sale

3 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

We periodically sell properties for various reasons, including favorable market conditions, the exercise of tenant purchase options or reduction of concentrations (e.g., property type, relationship or geography). At March 31, 2019, 13 Seniors Housing Operating, 16 Triple-net, and two Outpatient Medical properties with an aggregate real estate balance of $330,327,000 were classified as held for sale. The following is a summary of our real property disposition activity for the periods presented (in thousands):



	Three Months Ended March 31,
	2019			2018
Real estate dispositions:
Seniors Housing Operating	$	—		$	2,200
Triple-net	436,071			323,667
Outpatient Medical	—			223,069
Total dispositions	436,071			548,936
Gain (loss) on real estate dispositions, net	167,409			338,184
Net other assets/liabilities disposed	(748		)	5,089
Proceeds from real estate dispositions	$	602,732		$	892,209

Dispositions and Assets Held for Sale

Pursuant to our adoption of ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”, operating results attributable to properties sold subsequent to or classified as held for sale after January 1, 2014 and which do not meet the definition of discontinued operations are no longer reclassified on our Consolidated Statements of Comprehensive Income. The following represents the activity related to these properties for the periods presented (in thousands):



	Three Months Ended March 31,
	2019		2018
Revenues:
Total revenues	$	27,628	$	43,894
Expenses:
Interest expense	18		148
Property operating expenses	19,206		20,295
Provision for depreciation	—		6,061
Total expenses	19,224		26,504
Income (loss) from real estate dispositions, net	$	8,404	$	17,390