Segment Reporting

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

As of September 30, 2016, we have four operating segments, of which three are separate reporting segments. The first reporting segment includes triple net senior living communities that provide short term and long term residential care and other services for residents. The second reporting segment includes managed senior living communities that provide short term and long term residential care and other services for residents. The third reporting segment includes MOBs. Our fourth segment includes all of our other operations, including certain properties that offer wellness, fitness and spa services to members, which we do not consider to be sufficiently material to constitute a separate reporting segment.

	For the Three Months Ended September 30, 2016
	Triple Net
	Leased			Managed
	Senior Living			Senior Living						All Other
	Communities			Communities			MOBs			Operations			Consolidated
Revenues:
Rental income	$	66,520		$	—		$	94,404		$	4,579		$	165,503
Residents fees and services	—			98,480			—			—			98,480
Total revenues	66,520			98,480			94,404			4,579			263,983
Expenses:
Property operating expenses	47			74,763			28,537			—			103,347
Depreciation and amortization	19,727			20,747			30,922			948			72,344
General and administrative	—			—			—			12,107			12,107
Acquisition and certain other transaction related costs	—			—			—			824			824
Impairment of assets	2,191			2,394			(7		)	—			4,578
Total expenses	21,965			97,904			59,452			13,879			193,200
Operating income (loss)	44,555			576			34,952			(9,300		)	70,783
Dividend income	—			—			—			659			659
Interest and other income	—			—			—			89			89
Interest expense	(6,228		)	(2,104		)	(5,599		)	(29,507		)	(43,438		)
Loss on early extinguishment of debt	—			(84		)	—			—			(84		)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee	38,327			(1,612		)	29,353			(38,059		)	28,009
Income tax expense	—			—			—			(119		)	(119		)
Equity in earnings of an investee	—			—			—			13			13
Net income (loss)	$	38,327		$	(1,612	)	$	29,353		$	(38,165	)	27,903
	As of September 30, 2016
	Triple Net
	Leased			Managed
	Senior Living			Senior Living						All Other
	Communities			Communities			MOBs			Operations			Consolidated
Total assets	$	2,281,420		$	1,272,441		$	3,343,492		$	332,745		$	7,230,098

	For the Three Months Ended September 30, 2015
	Triple Net
	Leased			Managed
	Senior Living			Senior Living						All Other
	Communities			Communities			MOBs			Operations			Consolidated
Revenues:
Rental income	$	64,222		$	—		$	90,072		$	4,569		$	158,863
Residents fees and services	—			96,412			—			—			96,412
Total revenues	64,222			96,412			90,072			4,569			255,275
Expenses:
Property operating expenses	—			71,983			24,944			—			96,927
Depreciation and amortization	19,140			19,248			30,680			948			70,016
General and administrative	—			—			—			10,316			10,316
Acquisition and certain other transaction related costs	—			—			—			742			742
Impairment of assets	(98		)	—			—			—			(98		)
Total expenses	19,042			91,231			55,624			12,006			177,903
Operating income (loss)	45,180			5,181			34,448			(7,437		)	77,372
Interest and other income	—			—			—			57			57
Interest expense	(6,342		)	(2,705		)	(1,707		)	(28,235		)	(38,989		)
Loss on early extinguishment of debt	—			—			—			(21		)	(21		)
Income (loss) from continuing operations before income tax expense and equity in losses of an investee	38,838			2,476			32,741			(35,636		)	38,419
Income tax expense	—			—			—			(146		)	(146		)
Equity in losses of an investee	—			—			—			(24		)	(24		)
Net income (loss)	$	38,838		$	2,476		$	32,741		$	(35,806	)	$	38,249
	As of December 31, 2015
	Triple Net
	Leased			Managed
	Senior Living			Senior Living						All Other
	Communities			Communities			MOBs			Operations			Consolidated
Total assets	$	2,251,212		$	1,260,425		$	3,362,214		$	286,239		$	7,160,090

	For the Nine Months Ended September 30, 2016
	Triple Net
	Leased			Managed
	Senior Living			Senior Living						All Other
	Communities			Communities			MOBs			Operations			Consolidated
Revenues:
Rental income	$	198,269		$	—		$	278,964		$	13,689		$	490,922
Residents fees and services	—			292,803			—			—			292,803
Total revenues	198,269			292,803			278,964			13,689			783,725
Expenses:
Property operating expenses	833			218,582			79,361			—			298,776
Depreciation and amortization	58,401			60,905			92,788			2,844			214,938
General and administrative	—			—			—			34,931			34,931
Acquisition and certain other transaction related costs	—			—			—			1,443			1,443
Impairment of assets	6,583			2,394			7,953			—			16,930
Total expenses	65,817			281,881			180,102			39,218			567,018
Operating income (loss)	132,452			10,922			98,862			(25,529		)	216,707
Dividend income	—			—			—			1,449			1,449
Interest and other income	—			—			—			330			330
Interest expense	(18,892		)	(7,332		)	(7,398		)	(90,215		)	(123,837		)
Loss on early extinguishment of debt	—			(90		)	—			—			(90		)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee	113,560			3,500			91,464			(113,965		)	94,559
Income tax expense	—			—			—			(318		)	(318		)
Equity in earnings of an investee	—			—			—			107			107
Income (loss) before gain on sale of properties	113,560			3,500			91,464			(114,176		)	94,348
Gain on sale of properties	4,061			—			—			—			4,061
Net income (loss)	$	117,621		$	3,500		$	91,464		$	(114,176	)	$	98,409
	As of September 30, 2016
	Triple Net
	Leased			Managed
	Senior Living			Senior Living						All Other
	Communities			Communities			MOBs			Operations			Consolidated
Total assets	$	2,281,420		$	1,272,441		$	3,343,492		$	332,745		$	7,230,098

	For the Nine Months Ended September 30, 2015
	Triple Net
	Leased			Managed
	Senior Living			Senior Living						All Other
	Communities			Communities			MOBs			Operations			Consolidated
Revenues:
Rental income	$	180,820		$	—		$	265,664		$	13,709		$	460,193
Residents fees and services	—			271,061			—			—			271,061
Total revenues	180,820			271,061			265,664			13,709			731,254
Expenses:
Property operating expenses	—			204,178			72,135			—			276,313
Depreciation and amortization	51,322			41,357			90,711			2,844			186,234
General and administrative	—			—			—			32,563			32,563
Acquisition and certain other transaction related costs	—			—			—			6,517			6,517
Impairment of assets	(98		)	—			—			—			(98		)
Total expenses	51,224			245,535			162,846			41,924			501,529
Operating income (loss)	129,596			25,526			102,818			(28,215		)	229,725
Interest and other income	—			—			—			274			274
Interest expense	(18,598		)	(7,285		)	(5,232		)	(81,723		)	(112,838		)
Loss on early extinguishment of debt	(6		)	(33		)	—			(1,430		)	(1,469		)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee	110,992			18,208			97,586			(111,094		)	115,692
Income tax expense	—			—			—			(385		)	(385		)
Equity in earnings of an investee	—			—			—			70			70
Income (loss) from continuing operations	110,992			18,208			97,586			(111,409		)	115,377
Discontinued operations:
Loss from discontinued operations	—			—			(350		)	—			(350		)
Impairment of assets from discontinued operations	—			—			(602		)	—			(602		)
Net income (loss)	$	110,992		$	18,208		$	96,634		$	(111,409	)	$	114,425
	As of December 31, 2015
	Triple Net
	Leased			Managed
	Senior Living			Senior Living						All Other
	Communities			Communities			MOBs			Operations			Consolidated
Total assets	$	2,251,212		$	1,260,425		$	3,362,214		$	286,239		$	7,160,090