CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
Real estate:
Buildings and improvements	$ 10,783,296		$ 10,544,110
Development costs and construction in progress	251,400		225,869
Land	1,880,408		1,822,862
Accumulated depreciation and amortization	(2,100,223)		(1,965,592)
Net real estate	10,814,881		10,627,249
Net investment in direct financing leases	7,223,878		7,153,399
Loans receivable, net	375,717		366,001
Investments in and advances to unconsolidated joint ventures	190,730		196,576
Accounts receivable, net of allowance of $3,052 and $1,529, respectively	32,719		27,494
Cash and cash equivalents	54,070		300,556
Restricted cash	34,329		37,229
Intangible assets, net	477,837		489,842
Real estate assets held for sale, net			9,819
Other assets, net	940,008		867,705
Total assets	20,144,169	[1]	20,075,870	[1]
LIABILITIES AND EQUITY
Bank line of credit	310,000
Term loan	234,352		226,858
Senior unsecured notes	6,826,884		6,963,375
Mortgage debt	1,229,773		1,396,485
Other debt	73,020		74,909
Intangible liabilities, net	90,426		98,810
Accounts payable and accrued liabilities	339,364		318,427
Deferred revenue	67,756		65,872
Total liabilities	9,171,575	[2]	9,144,736	[2]
Commitments and contingencies
Common stock, $1.00 par value: 750,000,000 shares authorized; 458,742,070 and 456,960,648 shares issued and outstanding, respectively	458,742		456,961
Additional paid-in capital	11,388,641		11,334,041
Cumulative dividends in excess of earnings	(1,075,583)		(1,053,215)
Accumulated other comprehensive loss	(11,669)		(14,487)
Total stockholders' equity	10,760,131		10,723,300
Joint venture partners	23,391		23,729
Non-managing member unitholders	189,072		184,105
Total noncontrolling interests	212,463		207,834
Total equity	10,972,594		10,931,134
Total liabilities and equity	$ 20,144,169		$ 20,075,870

[1] The Company's consolidated total assets at June 30, 2014 and December 31, 2013 each include $1 million of other assets of certain variable interest entities ("VIEs") that can only be used to settle the liabilities of those VIEs. See Note 16 to the Condensed Consolidated Financial Statements for additional information.

[2] The Company's consolidated total liabilities at June 30, 2014 and December 31, 2013 each include $9 million of accounts payable and accrued liabilities of certain VIEs for which the VIE creditors do not have recourse to HCP, Inc. See Note 16 to the Condensed Consolidated Financial Statements for additional information.