Credit Concentration

3 Months Ended

Mar. 31, 2023

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, 2023, excluding our share of NOI in unconsolidated entities (dollars in thousands):

Concentration by relationship: (1)	Number of Properties	Total NOI		Percent of NOI (2)
Integra Healthcare Properties	147	$	53,885	9%
Sunrise Senior Living	109	36,885		6%
Cogir Management Corporation	48	21,911		4%
StoryPoint Senior Living	74	21,769		4%
HC-One Group (3)	1	20,389		3%
Remaining portfolio	1,406	448,137		74%
Totals	1,785	$	602,976	100%

(1) Integra Healthcare Properties and HC-One Group are in our Triple-net segment. Sunrise Senior Living and Cogir Management Corporation are in our Seniors Housing Operating segment. StoryPoint Senior Living operates assets in both our Seniors Housing Operating and Triple-net segments.

(2) NOI with our top five relationships comprised 30% of total NOI for the year ended December 31, 2022.

(3) In addition to the one property, HC-One Group is the borrower on a £520,854,000 loan as of March 31, 2023, which is included in NOI.