XML 26 R14.htm IDEA: XBRL DOCUMENT v3.19.1
Credit Concentration
 3 Months Ended
Mar. 31, 2019
Risks and Uncertainties [Abstract]  
Credit Concentration Credit Concentration
We use consolidated net operating income (“NOI”) as our credit concentration metric. See Note 18 for additional information and reconciliation. The following table summarizes certain information about our credit concentration for the three months ended March 31, 2019, 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)
 
161

 
$
90,592

 
15%
ProMedica
 
218

 
53,771

 
9%
Revera(3)
 
98

 
36,682

 
6%
Genesis HealthCare
 
63

 
32,298

 
5%
Benchmark Senior Living  
 
48

 
25,027

 
4%
Remaining portfolio  
 
906

 
363,068

 
61%
Totals  
 
1,494

 
$
601,438

 
100%
 
(1) Genesis Healthcare and ProMedica are in our Triple-net segment. Sunrise Senior Living and Revera are in our Seniors Housing Operating segment.     Benchmark Senior Living is both our Triple-net and Seniors Housing Operating segments.
(2) NOI with our top five relationships comprised 38% of total NOI for the year ended December 31, 2018.
(3) Revera owns a controlling interest in Sunrise Senior Living.