Credit Concentration

6 Months Ended

Jun. 30, 2022

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 six months ended June 30, 2022, excluding our share of NOI in unconsolidated entities (dollars in thousands):


Concentration by relationship: (1)	Number of Properties	Total NOI		Percent of NOI (2)
ProMedica (3)	205	$	122,204	11%
Atria Senior Living(4)	98	105,343		10%
Sunrise Senior Living	109	79,826		7%
HC-One Group (5)	1	45,739		4%
Avery Healthcare	61	38,118		4%
Remaining portfolio	1,237	769,258		64%
Totals	1,711	$	1,160,488	100%

(1) ProMedica and HC-One Group are in our Triple-net segment. Sunrise Senior Living and Atria Senior Living are in our Seniors Housing Operating segment. Avery Healthcare is in both the Triple-net and Seniors Housing Operating segments.

(2) NOI with our top five relationships comprised 34% of total NOI for the year ended December 31, 2021.

(3) During the quarter ended March 31, 2022, we purchased an additional 5% ownership interest in the consolidated ProMedica joint ventures for $137,437,000.

(4) Inclusive of $58,621,000 of income recognized upon termination of lease. See Note 3 for further details.

(5) In addition to the one property, HC-One Group is the borrower on a £529,848,000 loan as of June 30, 2022.