CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
Real estate:
Buildings and improvements	$ 10,530,094		$ 10,330,668
Development costs and construction in progress	247,268		236,864
Land	1,841,333		1,833,607
Accumulated depreciation and amortization	(1,918,842)		(1,661,572)
Net real estate	10,699,853		10,739,567
Net investment in direct financing leases	6,993,352		6,881,393
Loans receivable, net	390,803		276,030
Investments in and advances to unconsolidated joint ventures	206,004		212,213
Accounts receivable, net of allowance of $1,843 and $1,668, respectively	27,343		34,150
Cash and cash equivalents	49,414		247,673
Restricted cash	48,224		37,848
Intangible assets, net	507,754		552,540
Real estate and intangible assets held for sale, net	130,765		145,621
Other assets, net	835,997		788,520
Total assets	19,889,509	[1]	19,915,555	[1]
LIABILITIES AND EQUITY
Bank line of credit	285,000
Term loan	221,748		222,694
Senior unsecured notes	6,565,934		6,712,624
Mortgage debt	1,410,407		1,676,544
Intangible liabilities on assets held for sale			1,729
Other debt	77,503		81,958
Intangible liabilities, net	103,059		104,180
Accounts payable and accrued liabilities	303,966		293,994
Deferred revenue	71,655		68,055
Total liabilities	9,039,272	[2]	9,161,778	[2]
Commitments and contingencies
Common stock, $1.00 par value: 750,000,000 shares authorized; 455,873,953 and 453,191,321 shares issued and outstanding, respectively	455,874		453,191
Additional paid-in capital	11,306,717		11,180,066
Cumulative dividends in excess of earnings	(1,106,494)		(1,067,367)
Accumulated other comprehensive loss	(15,879)		(14,653)
Total stockholders' equity	10,640,218		10,551,237
Joint venture partners	25,228		14,752
Non-managing member unitholders	184,791		187,788
Total noncontrolling interests	210,019		202,540
Total equity	10,850,237		10,753,777
Total liabilities and equity	$ 19,889,509		$ 19,915,555

[1] The Company's consolidated total assets at September 30, 2013 and December 31, 2012, include assets of certain variable interest entities ("VIEs") that can only be used to settle the liabilities of those VIEs. At September 30, 2013: $1.5 million, other assets, net. At December 31, 2012: accounts receivable, net, $2 million; cash and cash equivalents, $10 million; and other assets, net, $2 million, respectively. See Note 16 to the Condensed Consolidated Financial Statements for additional information.

[2] The Company's consolidated total liabilities at September 30, 2013 and December 31, 2012, include liabilities of certain VIEs for which the VIE creditors do not have recourse to HCP, Inc. At September 30, 2013: $9.8 million, accounts payable and accrued liabilities. At December 31, 2012: other debt, $0.2 million; accounts payable and accrued liabilities, $14 million; and deferred revenue, $2 million. See Note 16 to the Condensed Consolidated Financial Statements for additional information.