SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Summary information by reportable business segment

Summary information by reportable business segment is as follows:

	For the Three Months Ended September 30, 2018
	Triple-Net Leased Properties		Senior Living Operations			Office Operations		All Other			Total
	(In thousands)
Revenues:
Rental income	$	190,117	$	—		$	193,911	$	—		$	384,028
Resident fees and services	—		518,560			—		—			518,560
Office building and other services revenue	202		—			2,175		911			3,288
Income from loans and investments	—		—			—		18,108			18,108
Interest and other income	—		—			—		12,554			12,554
Total revenues	$	190,319	$	518,560		$	196,086	$	31,573		$	936,538
Total revenues	$	190,319	$	518,560		$	196,086	$	31,573		$	936,538
Less:
Interest and other income	—		—			—		12,554			12,554
Property-level operating expenses	—		366,721			61,668		—			428,389
Office building services costs	—		—			431		—			431
Segment NOI	190,319		151,839			133,987		19,019			495,164
Income (loss) from unconsolidated entities	1,320		(1,314		)	56		(778		)	(716		)
Segment profit	$	191,639	$	150,525		$	134,043	$	18,241		494,448
Interest and other income											12,554
Interest expense											(107,581		)
Depreciation and amortization											(218,579		)
General, administrative and professional fees											(39,677		)
Loss on extinguishment of debt, net											(39,527		)
Merger-related expenses and deal costs											(4,458		)
Other											(1,244		)
Income tax benefit											7,327
Income from continuing operations											$	103,263

	For the Three Months Ended September 30, 2017
	Triple-Net Leased Properties		Senior Living Operations		Office Operations			All Other			Total
	(In thousands)
Revenues:
Rental income	$	212,370	$	—	$	189,506		$	—		$	401,876
Resident fees and services	—		461,700		—			—			461,700
Office building and other services revenue	1,125		—		1,568			503			3,196
Income from loans and investments	—		—		—			32,985			32,985
Interest and other income	—		—		—			171			171
Total revenues	$	213,495	$	461,700	$	191,074		$	33,659		$	899,928
Total revenues	$	213,495	$	461,700	$	191,074		$	33,659		$	899,928
Less:
Interest and other income	—		—		—			171			171
Property-level operating expenses	—		315,598		60,609			—			376,207
Office building services costs	—		—		418			—			418
Segment NOI	213,495		146,102		130,047			33,488			523,132
Income (loss) from unconsolidated entities	1,122		300		(348		)	(324		)	750
Segment profit	$	214,617	$	146,402	$	129,699		$	33,164		523,882
Interest and other income											171
Interest expense											(113,869		)
Depreciation and amortization											(213,407		)
General, administrative and professional fees											(33,317		)
Loss on extinguishment of debt, net											(511		)
Merger-related expenses and deal costs											(804		)
Other											(13,030		)
Income tax benefit											7,815
Income from continuing operations											$	156,930

	For the Nine Months Ended September 30, 2018
	Triple-Net Leased Properties			Senior Living Operations			Office Operations		All Other			Total
	(In thousands)
Revenues:
Rental income	$	548,628		$	—		$	580,471	$	—		$	1,129,099
Resident fees and services	—			1,552,302			—		—			1,552,302
Office building and other services revenue	2,522			—			5,785		2,598			10,905
Income from loans and investments	—			—			—		105,706			105,706
Interest and other income	—			—			—		24,535			24,535
Total revenues	$	551,150		$	1,552,302		$	586,256	$	132,839		$	2,822,547
Total revenues	$	551,150		$	1,552,302		$	586,256	$	132,839		$	2,822,547
Less:
Interest and other income	—			—			—		24,535			24,535
Property-level operating expenses	—			1,080,053			182,662		—			1,262,715
Office building services costs	—			—			1,080		—			1,080
Segment NOI	551,150			472,249			402,514		108,304			1,534,217
(Loss) income from unconsolidated entities	(42,029		)	(3,668		)	321		(2,450		)	(47,826		)
Segment profit	$	509,121		$	468,581		$	402,835	$	105,854		1,486,391
Interest and other income												24,535
Interest expense												(331,973		)
Depreciation and amortization												(675,363		)
General, administrative and professional fees												(113,507		)
Loss on extinguishment of debt, net												(50,411		)
Merger-related expenses and deal costs												(26,288		)
Other												(7,891		)
Income tax benefit												11,303
Income from continuing operations												$	316,796

	For the Nine Months Ended September 30, 2017
	Triple-Net Leased Properties		Senior Living Operations			Office Operations		All Other			Total
	(In thousands)
Revenues:
Rental income	$	634,955	$	—		$	561,641	$	—		$	1,196,596
Resident fees and services	—		1,386,131			—		—			1,386,131
Office building and other services revenue	3,455		—			5,347		979			9,781
Income from loans and investments	—		—			—		85,499			85,499
Interest and other income	—		—			—		854			854
Total revenues	$	638,410	$	1,386,131		$	566,988	$	87,332		$	2,678,861
Total revenues	$	638,410	$	1,386,131		$	566,988	$	87,332		$	2,678,861
Less:
Interest and other income	—		—			—		854			854
Property-level operating expenses	—		936,296			174,728		—			1,111,024
Office building services costs	—		—			1,708		—			1,708
Segment NOI	638,410		449,835			390,552		86,478			1,565,275
Income (loss) from unconsolidated entities	4,768		(157		)	284		(1,101		)	3,794
Segment profit	$	643,178	$	449,678		$	390,836	$	85,377		1,569,069
Interest and other income											854
Interest expense											(336,245		)
Depreciation and amortization											(655,298		)
General, administrative and professional fees											(100,560		)
Loss on extinguishment of debt, net											(856		)
Merger-related expenses and deal costs											(8,903		)
Other											(16,066		)
Income tax benefit											13,119
Income from continuing operations											$	465,114

Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment

Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2018		2017		2018		2017
	(In thousands)
Capital expenditures:
Triple-net leased properties	$	10,773	$	9,954	$	31,781	$	151,906
Senior living operations	36,138		45,152		90,892		96,533
Office operations	82,294		62,108		216,500		307,494
Total capital expenditures	$	129,205	$	117,214	$	339,173	$	555,933

Revenues from external customers by geographic area

Our portfolio of properties and mortgage loan and other investments are located in the United States, Canada and the United Kingdom. Revenues are attributed to an individual country based on the location of each property. Geographic information regarding our operations is as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2018		2017		2018		2017
	(In thousands)
Revenues:
United States	$	881,477	$	844,370	$	2,656,487	$	2,521,813
Canada	48,080		48,639		144,366		137,647
United Kingdom	6,981		6,919		21,694		19,401
Total revenues	$	936,538	$	899,928	$	2,822,547	$	2,678,861

Net real estate property by geographic area

	As of September 30, 2018		As of December 31, 2017
	(In thousands)
Net real estate property:
United States	$	18,721,154	$	19,253,724
Canada	1,021,728		1,070,903
United Kingdom	277,752		297,827
Total net real estate property	$	20,020,634	$	20,622,454