XML 38 R56.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments in and Advances to Unconsolidated Joint Ventures (Details 2) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Company owned interests in entities, accounted under equity method:          
Investments in and advances to unconsolidated joint ventures $ 219,877,000   $ 219,877,000   $ 224,052,000
Investment reported in liabilities (1,055,000)   (1,055,000)    
Summarized combined financial information for unconsolidated joint ventures:          
Real estate, net 3,769,676,000   3,769,676,000   3,806,187,000
Goodwill 2,736,400,000   2,736,400,000   2,736,400,000
Other assets, net 3,029,772,000   3,029,772,000   3,061,290,000
Total assets 9,535,848,000   9,535,848,000   9,603,877,000
Capital lease obligations and other debt 6,037,500,000   6,037,500,000   5,976,500,000
Mortgage debt 890,488,000   890,488,000   895,243,000
Accounts payable 946,177,000   946,177,000   1,083,581,000
Other partners' capital 1,476,857,000   1,476,857,000   1,465,536,000
HCP's capital 184,826,000   184,826,000   183,017,000
Total liabilities and partners' capital 9,535,848,000   9,535,848,000   9,603,877,000
Combined basis difference 34,000,000   34,000,000    
Total revenues 1,093,873,000 1,032,420,000 2,138,519,000 1,059,309,000  
Net income (loss) 16,124,000 (26,439,000) 17,267,000 (26,062,000)  
HCP's share in earnings 15,732,000 14,950,000 29,407,000 15,748,000  
Fees earned by HCP 470,000 504,000 963,000 1,111,000  
Distributions received by HCP 1,278,000 2,158,000 3,407,000 3,127,000  
HCR ManorCare
         
Company owned interests in entities, accounted under equity method:          
Investments in and advances to unconsolidated joint ventures 96,370,000   96,370,000    
Investment ownership percentage 9.40%   9.40%    
Ownership percentage presented after adjusting     9.90%    
Payment to acquire equity method investment       95,000,000  
Reduction in DFL income 14,800,000 13,300,000 29,500,000 13,300,000  
HCP Ventures III, LLC
         
Company owned interests in entities, accounted under equity method:          
Number of medical office buildings 13   13    
Investments in and advances to unconsolidated joint ventures 8,012,000   8,012,000    
Investment ownership percentage 30.00%   30.00%    
HCP Ventures IV, LLC
         
Company owned interests in entities, accounted under equity method:          
Number of medical office buildings 54   54    
Number of hospitals 4   4    
Investments in and advances to unconsolidated joint ventures 33,964,000   33,964,000    
Investment ownership percentage 20.00%   20.00%    
HCP Life Science
         
Company owned interests in entities, accounted under equity method:          
Number of life science facilities 4   4    
Investments in and advances to unconsolidated joint ventures 66,883,000   66,883,000    
Number of unconsolidated joint ventures     3    
HCP Life Science | Minimum
         
Company owned interests in entities, accounted under equity method:          
Investment ownership percentage 50.00%   50.00%    
HCP Life Science | Maximum
         
Company owned interests in entities, accounted under equity method:          
Investment ownership percentage 63.00%   63.00%    
Torrey Pines Science Center, LP
         
Company owned interests in entities, accounted under equity method:          
Investment ownership percentage 50.00%   50.00%    
Britannia Biotech Gateway, LP
         
Company owned interests in entities, accounted under equity method:          
Investment ownership percentage 55.00%   55.00%    
LASDK, LP
         
Company owned interests in entities, accounted under equity method:          
Investment ownership percentage 63.00%   63.00%    
Horizon Bay Hyde Park, LLC
         
Company owned interests in entities, accounted under equity method:          
Number of senior housing facilities 1   1    
Investments in and advances to unconsolidated joint ventures 6,964,000   6,964,000    
Investment ownership percentage 72.00%   72.00%    
Suburban Properties, LLC
         
Company owned interests in entities, accounted under equity method:          
Number of medical office buildings 1   1    
Investments in and advances to unconsolidated joint ventures 7,485,000   7,485,000    
Investment ownership percentage 67.00%   67.00%    
Advances to unconsolidated joint ventures, net
         
Company owned interests in entities, accounted under equity method:          
Investments in and advances to unconsolidated joint ventures 199,000   199,000    
Edgewood Assisted Living Center, LLC
         
Company owned interests in entities, accounted under equity method:          
Number of senior housing facilities 1   1    
Investment reported in liabilities (406,000)   (406,000)    
Investment ownership percentage 45.00%   45.00%    
Seminole Shores Living Center, LLC
         
Company owned interests in entities, accounted under equity method:          
Number of senior housing facilities 1   1    
Investment reported in liabilities $ (649,000)   $ (649,000)    
Investment ownership percentage 50.00%   50.00%