XML 70 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
Leases and Management Agreements with Five Star - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 5 Months Ended 12 Months Ended
Nov. 09, 2017
property
Jun. 29, 2016
USD ($)
community
pooling_agreement
lease_agreement
agreement
Nov. 30, 2017
pooling_agreement
renewal_option
Dec. 31, 2016
USD ($)
living_unit
community
Dec. 31, 2016
USD ($)
community
Jun. 30, 2016
pooling_agreement
lease_agreement
Sep. 30, 2015
community
May 31, 2015
community
Feb. 28, 2015
USD ($)
Dec. 31, 2017
USD ($)
living_unit
community
lease_agreement
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
community
Mar. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
community
Sep. 30, 2016
USD ($)
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Sep. 30, 2015
community
Dec. 31, 2017
USD ($)
living_unit
community
lease_agreement
Dec. 31, 2017
USD ($)
living_unit
community
lease_agreement
Dec. 31, 2017
USD ($)
living_unit
community
lease_agreement
Dec. 31, 2017
USD ($)
living_unit
community
lease_agreement
Dec. 31, 2017
USD ($)
living_unit
community
lease_agreement
management_agreement
Dec. 31, 2016
USD ($)
community
Dec. 31, 2015
USD ($)
community
Concentration Risk [Line Items]                                                  
Number of communities                                         305        
Revenues | $                   $ 278,566 $ 266,679 $ 265,013 $ 264,561 $ 274,296 $ 263,983 $ 261,367 $ 258,375     $ 1,074,819       $ 1,058,022 $ 998,773
Real estate improvements by lessee purchased | $                                       51,952       30,328  
Increase (decrease) in annual lease rent payable | $                                       $ 4,870       2,393  
Senior Living Communities                                                  
Concentration Risk [Line Items]                                                  
Number of communities                                   19              
Related Party Transaction, Number Of Subleases | lease_agreement                   1                 1 1 1 1 1    
Five Star                                                  
Concentration Risk [Line Items]                                                  
Number of Communities Included in Expansion and Development Project                       2                          
Related Party Transaction, Annual Rent Increase Percentage In Addition to Rate Applicable on Outstanding Borrowings                       2.00%                          
Revenues | $                                       $ 210,539          
Total rental income recognized | $                                               203,581 196,919
Rents receivable | $       $ 18,320 $ 18,320         $ 18,539       $ 18,320         $ 18,539 $ 18,539 $ 18,539 $ 18,539 $ 18,539 18,320  
Number of units that may be re-assigned to an existing or to a new long term lease                   1                 1 1 1 1 1    
Real estate improvements by lessee purchased | $                                       $ 39,800       21,438 21,444
Increase (decrease) in annual lease rent payable | $                 $ 39                     $ 3,193       1,719 1,734
Number of communities associated with leases in default         5                                        
Number of pre-existing management agreements | lease_agreement           4                                      
Number of pre-existing management agreements terminated | pooling_agreement           3                                      
Minimum percentage of ownership of lessee's voting stock above which the entity has the option to cancel all its rights                   9.80%                 9.80% 9.80% 9.80% 9.80% 9.80%    
Expenses from property management agreement transactions with related party | $                                       $ 14,080       $ 11,918 $ 10,728
Five Star | Senior Living Communities                                                  
Concentration Risk [Line Items]                                                  
Number of consecutive renewal terms of agreement                                           2 2    
Property management agreement renewal period                                     15 years            
Number of communities managed                                         70     68 60
Number of pre-existing management agreements | pooling_agreement   4                                              
Number of management agreements   10                                              
Number of pre-existing management agreements terminated | pooling_agreement   3                                              
Number of separate management agreements entered for communities acquired | pooling_agreement           10                                      
Property management agreement, number of communities subject to reset of annual minimum return | agreement   10                                              
Number of agreements with related party to provide management services to entity | lease_agreement                                           2      
Expenses from property management agreement transactions with related party | $                                       $ 7,525       $ 7,707 $ 7,737
A L Pooling Agreements | Five Star                                                  
Concentration Risk [Line Items]                                                  
Related Party Transaction, Annual Rent Increase Percentage In Addition to Rate Applicable on Outstanding Borrowings 2.00%                     2.00%                          
Number of consecutive renewal terms of agreement   8 2                                            
Property management agreement renewal period   5 years 15 years                                            
Management fees as a percentage of gross revenues 5.00%                                                
Incentive fee as a percentage of annual net operating income after realization of specified percentage of annual return 20.00%                                                
Property management agreement, annual return as a percentage of invested capital 7.00% 7.00%                                              
Property management agreement, payment of capital expenditure as percentage of the funded amount 3.00% 3.00%               7.00%                 7.00% 7.00% 7.00% 7.00% 7.00%    
Incentive fee payable | $   $ 0                                              
Minimum | Five Star | Senior Living Communities                                                  
Concentration Risk [Line Items]                                                  
Property management agreement renewal period                                     10 years            
Minimum | A L Pooling Agreements | Five Star                                                  
Concentration Risk [Line Items]                                                  
Management fees as a percentage of gross revenues   3.00%               3.00%                 3.00% 3.00% 3.00% 3.00% 3.00%    
Incentive fee as a percentage of annual net operating income after realization of specified percentage of annual return   20.00%               20.00%                 20.00% 20.00% 20.00% 20.00% 20.00%    
Property management agreement, annual return as a percentage of invested capital                   7.00%                 7.00% 7.00% 7.00% 7.00% 7.00%    
Maximum | Five Star | Senior Living Communities                                                  
Concentration Risk [Line Items]                                                  
Property management agreement renewal period                                     15 years            
Maximum | A L Pooling Agreements | Five Star                                                  
Concentration Risk [Line Items]                                                  
Management fees as a percentage of gross revenues   5.00%               5.00%                 5.00% 5.00% 5.00% 5.00% 5.00%    
Incentive fee as a percentage of annual net operating income after realization of specified percentage of annual return   35.00%               35.00%                 35.00% 35.00% 35.00% 35.00% 35.00%    
Property management agreement, annual return as a percentage of invested capital                   8.00%                 8.00% 8.00% 8.00% 8.00% 8.00%    
Georgia | Five Star | Senior Living Communities                                                  
Concentration Risk [Line Items]                                                  
Number of communities associated with leases in default       395 5                                        
California                                                  
Concentration Risk [Line Items]                                                  
Number of communities not included in pooling agreement                                         1        
NEW YORK                                                  
Concentration Risk [Line Items]                                                  
Number of communities owned and managed by related party | living_unit                   310                 310 310 310 310 310    
Management fees as a percentage of gross revenues                   5.00%                 5.00% 5.00% 5.00% 5.00% 5.00%    
Incentive fee payable | $                   $ 0                 $ 0 $ 0 $ 0 $ 0 $ 0    
Five Star                                                  
Concentration Risk [Line Items]                                                  
Number of communities leased by the company       185 185         185       185         185 185 185 185 185 185 177
Number of leases with related party | lease_agreement                                           5      
Annual rent as a percentage of gross revenues, percent                   4.00%                 4.00% 4.00% 4.00% 4.00% 4.00%    
Annual rent as a percentage of gross revenues, amount | $                                       $ 5,533       $ 5,686 $ 5,666
Related party transaction, annual rents due | $                                       206,329          
Five Star | Lease No. 1                                                  
Concentration Risk [Line Items]                                                  
Number of communities                                         83        
Five Star | Lease No. 2                                                  
Concentration Risk [Line Items]                                                  
Number of communities                                         47        
Five Star | Lease No. 3                                                  
Concentration Risk [Line Items]                                                  
Number of communities                                         17        
Five Star | Lease No. 4                                                  
Concentration Risk [Line Items]                                                  
Number of communities                                         29        
Five Star | Lease No. 5                                                  
Concentration Risk [Line Items]                                                  
Number of communities                                         9        
Acquisitions | Senior Living Communities                                                  
Concentration Risk [Line Items]                                                  
Number of communities             1                                    
Acquisitions | Five Star | Senior Living Communities                                                  
Concentration Risk [Line Items]                                                  
Number of communities               1                                  
Number of communities managed                                         5        
Number of communities owned and managed by related party acquired during the period | property 6                                                
Number of management agreements | pooling_agreement     2                                            
Acquisitions | Alabama and Indiana | Five Star | Senior Living Communities                                                  
Concentration Risk [Line Items]                                                  
Number of communities owned and managed by related party acquired during the period | property 2                                                
Rents from significant lessee | Sales Revenue, Services, Net                                                  
Concentration Risk [Line Items]                                                  
Revenues | $                                       1,074,819       1,058,022  
Rents from significant lessee | Five Star | Sales Revenue, Services, Net                                                  
Concentration Risk [Line Items]                                                  
Revenues | $                                       $ 210,539       $ 203,581