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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of segment reporting information
 
 
For the Three Months Ended March 31, 2019
 
 
MOBs
 
Triple Net Leased Senior Living Communities
 
Managed Senior Living Communities
 
All Other Operations
 
Consolidated
Revenues:
 
 

 
 

 
 

 
 

 
 

Rental income
 
$
103,221

 
$
50,320

 
$

 
$
4,700

 
$
158,241

Residents fees and services
 

 

 
108,045

 

 
108,045

Total revenues
 
103,221

 
50,320

 
108,045

 
4,700

 
266,286

 
 
 
 
 
 
 
 
 
 
 
Expenses:
 
 

 
 

 
 

 
 

 
 

Property operating expenses
 
32,177

 

 
85,045

 

 
117,222

Depreciation and amortization
 
36,101

 
19,422

 
15,760

 
947

 
72,230

General and administrative
 

 

 

 
9,816

 
9,816

Acquisition and certain other transaction related costs
 

 

 

 
7,814

 
7,814

Impairment of assets
 

 
6,206

 

 

 
6,206

Total expenses
 
68,278

 
25,628

 
100,805

 
18,577

 
213,288

 
 
 
 
 
 
 
 
 
 
 
Loss on sale of properties
 
(122
)
 

 

 

 
(122
)
Dividend income
 

 

 

 
923

 
923

Unrealized gains on equity securities
 

 

 

 
22,932

 
22,932

Interest and other income
 

 

 

 
114

 
114

Interest expense
 
(6,030
)
 
(238
)
 
(820
)
 
(38,523
)
 
(45,611
)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee
 
28,791

 
24,454

 
6,420

 
(28,431
)
 
31,234

Income tax expense
 

 

 

 
(134
)
 
(134
)
Equity in earnings of an investee
 

 

 

 
404

 
404

Net income (loss)
 
28,791

 
24,454

 
6,420

 
(28,161
)
 
31,504

Net income attributable to noncontrolling interest
 
(1,422
)
 

 

 

 
(1,422
)
Net income (loss) attributable to common shareholders
 
$
27,369

 
$
24,454

 
$
6,420

 
$
(28,161
)
 
$
30,082

 
 
As of March 31, 2019
 
 
MOBs
 
Triple Net Leased Senior Living Communities
 
Managed Senior Living Communities
 
All Other Operations
 
Consolidated
Total assets
 
$
3,325,184

 
$
2,030,946

 
$
1,388,949

 
$
400,821

 
$
7,145,900

 
 
For the Three Months Ended March 31, 2018
 
 
MOBs
 
Triple Net Leased Senior Living Communities
 
Managed Senior Living Communities
 
All Other Operations
 
Consolidated
Revenues:
 
 

 
 

 
 

 
 

 
 

Rental income
 
$
101,151

 
$
67,975

 
$

 
$
4,602

 
$
173,728

Residents fees and services
 

 

 
102,042

 

 
102,042

Total revenues
 
101,151

 
67,975

 
102,042

 
4,602

 
275,770

 
 
 
 
 
 
 
 
 
 
 
Expenses:
 
 

 
 

 
 

 
 

 
 

Property operating expenses
 
30,938

 

 
77,160

 

 
108,098

Depreciation and amortization
 
34,385

 
20,195

 
14,811

 
948

 
70,339

General and administrative
 

 

 

 
25,118

 
25,118

Acquisition and certain other transaction related costs
 

 

 

 
20

 
20

Total expenses
 
65,323

 
20,195

 
91,971

 
26,086

 
203,575

 
 
 
 
 
 
 
 
 
 
 
Gain on sale of properties
 

 
181,154

 

 

 
181,154

Dividend income
 

 

 

 
659

 
659

Unrealized gains and losses on equity securities, net
 

 

 

 
27,241

 
27,241

Interest and other income
 

 

 

 
54

 
54

Interest expense
 
(5,909
)
 
(571
)
 
(1,327
)
 
(35,745
)
 
(43,552
)
Loss on early extinguishment of debt
 

 

 
(130
)
 

 
(130
)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee
 
29,919

 
228,363

 
8,614

 
(29,275
)
 
237,621

Income tax expense
 

 

 

 
(260
)
 
(260
)
Equity in earnings of an investee
 

 

 

 
44

 
44

Net income (loss)
 
29,919

 
228,363

 
8,614

 
(29,491
)
 
237,405

Net income attributable to noncontrolling interest
 
(1,383
)
 

 

 

 
(1,383
)
Net income (loss) attributable to common shareholders
 
$
28,536

 
$
228,363

 
$
8,614

 
$
(29,491
)
 
$
236,022

 
As of December 31, 2018
 
MOBs
 
Triple Net Leased Senior Living Communities
 
Managed Senior Living Communities
 
All Other Operations
 
Consolidated
Total assets
$
3,344,581

 
$
2,044,939

 
$
1,395,657

 
$
375,249

 
$
7,160,426