Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies

Schedule of Concentration of Credit Risk

Segment Concentrations:

	Percentage of Senior Housing Gross Assets				Percentage of Senior Housing Revenues				Percentage of Senior Housing Revenues
	June 30,		December 31,		Three Months Ended June 30,				Six Months Ended June 30,
Senior Housing Operators	2012		2011		2012		2011		2012		2011
HCR ManorCare(1)	14	%	14	%	12	%	12	%	12	%	7	%
Brookdale(2)	15		16		16		14		16		14
Emeritus	18		18		20		24		20		25
Sunrise(3)	22		22		15		19		15		22

	Percentage of Post-Acute/ Skilled Nursing Gross Assets				Percentage of Post-Acute/ Skilled Nursing Revenues				Percentage of Post-Acute/ Skilled Nursing Revenues
	June 30,		December 31,		Three Months Ended June 30,				Six Months Ended June 30,
Post-Acute/Skilled Nursing Operators	2012		2011		2012		2011		2012		2011
HCR ManorCare(1)	90	%	94	%	93	%	76	%	93	%	73	%

Total Company Concentrations:

	Percentage of Total Company Gross Assets				Percentage of Total Company Revenues				Percentage of Total Company Revenues
	June 30,		December 31,		Three Months Ended June 30,				Six Months Ended June 30,
Operators	2012		2011		2012		2011		2012		2011
HCR ManorCare(1)	35	%	35	%	31	%	32	%	31	%	23	%
Brookdale(2)	5		5		5		4		5		4
Emeritus	6		6		7		6		7		8
Sunrise(3)	7		7		5		5		5		6

(1)On April 7, 2011, the Company completed the acquisition of HCR ManorCare’s real estate assets, which included the settlement of the Company’s HCR ManorCare debt investments, see Notes 3 and 7 for additional information.

(2)As of June 30, 2012 and December 31, 2011, Brookdale percentages exclude $685.5 and $682.7 million, respectively, of senior housing assets related to 21 senior housing facilities that Brookdale operates on the Company’s behalf under a RIDEA structure. Assuming that these assets were attributable to Brookdale, the percentage of segment and total assets for Brookdale would be 27% and 9% respectively, as of both June 30, 2012 and December 31, 2011. For the three and six months ended June 30, 2012, Brookdale percentages exclude $35.6 million and $70.7 million, respectively, of senior housing revenues related to these facilities. Assuming that these revenues were attributable to Brookdale, the percentage of segment and total revenues for Brookdale would be 39% and 13% respectively, for both the three months and six months ended June 30, 2012.

(3)Certain of the Company’s properties are leased to tenants who have entered into management contracts with Sunrise to operate the respective property on their behalf. The Company’s concentration of gross assets includes properties directly leased to Sunrise and properties that are managed by Sunrise on behalf of third party tenants.