Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2020



	For the Three Months Ended June 30, 2020
	Office Portfolio			SHOP			Non-Segment			Consolidated
Revenues:
Rental income	$	95,510		$	—		$	10,697		$	106,207
Residents fees and services	—			304,104			—			304,104
Total revenues	95,510			304,104			10,697			410,311

Expenses:
Property operating expenses	30,893			271,022			—			301,915
Depreciation and amortization	32,234			33,773			2,818			68,825
General and administrative	—			—			7,312			7,312
Acquisition and certain other transaction related costs	—			—			87			87
Impairment of assets	538			30,637			—			31,175
Total expenses	63,665			335,432			10,217			409,314

Loss on sale of properties	—			(168		)	—			(168		)
Gains on equity securities, net	—			—			11,974			11,974
Interest and other income	—			7,346			390			7,736
Interest expense	(6,020		)	(560		)	(37,394		)	(43,974		)
Loss on early extinguishment of debt	(155		)	—			(26		)	(181		)
Income (loss) from continuing operations before income tax expense	25,670			(24,710		)	(24,576		)	(23,616		)
Income tax expense	—			—			(1,126		)	(1,126		)
Net income (loss)	25,670			(24,710		)	(25,702		)	(24,742		)
Net income attributable to noncontrolling interest	(1,330		)	—			—			(1,330		)
Net income (loss) attributable to common shareholders	$	24,340		$	(24,710	)	$	(25,702	)	$	(26,072	)



	For the Six Months Ended June 30, 2020
	Office Portfolio			SHOP			Non-Segment			Consolidated
Revenues:
Rental income	$	194,280		$	—		$	22,425		$	216,705
Residents fees and services	—			636,073			—			636,073
Total revenues	194,280			636,073			22,425			852,778

Expenses:
Property operating expenses	63,599			554,901			—			618,500
Depreciation and amortization	64,397			66,815			6,043			137,255
General and administrative	—			—			16,144			16,144
Acquisition and certain other transaction related costs	—			—			750			750
Impairment of assets	6,756			35,653			—			42,409
Total expenses	134,752			657,369			22,937			815,058

Gain (loss) on sale of properties	2,782			(168		)	—			2,614
Gains on equity securities, net	—			—			2,031			2,031
Interest and other income	—			7,346			528			7,874
Interest expense	(12,072		)	(1,124		)	(72,428		)	(85,624		)
Gain on lease termination	—			—			22,896			22,896
Loss on early extinguishment of debt	(401		)	—			(26		)	(427		)
Income (loss) from continuing operations before income tax expense	49,837			(15,242		)	(47,511		)	(12,916		)
Income tax expense	—			—			(683		)	(683		)
Net income (loss)	49,837			(15,242		)	(48,194		)	(13,599		)
Net income attributable to noncontrolling interest	(2,738		)	—			—			(2,738		)
Net income (loss) attributable to common shareholders	$	47,099		$	(15,242	)	$	(48,194	)	$	(16,337	)



	For the Three Months Ended June 30, 2019
	Office Portfolio			SHOP			Non-Segment			Consolidated
Revenues:
Rental income	$	104,385		$	33,400		$	15,312		$	153,097
Residents fees and services	—			108,906			—			108,906
Total revenues	104,385			142,306			15,312			262,003

Expenses:
Property operating expenses	32,525			87,668			—			120,193
Depreciation and amortization	35,037			34,226			4,661			73,924
General and administrative	—			—			8,867			8,867
Acquisition and certain other transaction related costs	—			—			903			903
Impairment of assets	96			2,117			—			2,213
Total expenses	67,658			124,011			14,431			206,100

Gain on sale of properties	2,625			15,207			—			17,832
Dividend income	—			—			923			923
Losses on equity securities, net	—			—			(64,448		)	(64,448		)
Interest and other income	—			—			238			238
Interest expense	(5,988		)	(902		)	(39,522		)	(46,412		)
Loss on early extinguishment of debt	—			(17		)	—			(17		)
Income (loss) from continuing operations before income tax benefit and equity in earnings of an investee	33,364			32,583			(101,928		)	(35,981		)
Income tax benefit	—			—			35			35
Equity in earnings of an investee	—			—			130			130
Net income (loss)	33,364			32,583			(101,763		)	(35,816		)
Net income attributable to noncontrolling interest	(1,413		)	—			—			(1,413		)
Net income (loss) attributable to common shareholders	$	31,951		$	32,583		$	(101,763	)	$	(37,229	)



	For the Six Months Ended June 30, 2019
	Office Portfolio			SHOP			Non-Segment			Consolidated
Revenues:
Rental income	$	207,606		$	72,713		$	31,019		$	311,338
Residents fees and services	—			216,951			—			216,951
Total revenues	207,606			289,664			31,019			528,289

Expenses:
Property operating expenses	64,702			172,713			—			237,415
Depreciation and amortization	71,138			65,179			9,837			146,154
General and administrative	—			—			18,683			18,683
Acquisition and certain other transaction related costs	—			—			8,717			8,717
Impairment of assets	96			8,323			—			8,419
Total expenses	135,936			246,215			37,237			419,388

Gain on sale of properties	2,503			15,207			—			17,710
Dividend income	—			—			1,846			1,846
Losses on equity securities, net	—			—			(41,516		)	(41,516		)
Interest and other income	—			—			352			352
Interest expense	(12,018		)	(1,896		)	(78,109		)	(92,023		)
Loss on early extinguishment of debt	—			(17		)	—			(17		)
Income (loss) from continuing operations before income tax expense and equity in earnings of an investee	62,155			56,743			(123,645		)	(4,747		)
Income tax expense	—			—			(99		)	(99		)
Equity in earnings of an investee	—			—			534			534
Net income (loss)	62,155			56,743			(123,210		)	(4,312		)
Net income attributable to noncontrolling interest	(2,835		)	—			—			(2,835		)
Net income (loss) attributable to common shareholders	$	59,320		$	56,743		$	(123,210	)	$	(7,147	)