Net Investment in Direct Financing Leases (Tables) (Direct Financing Leases)

6 Months Ended

Jun. 30, 2014

Direct Financing Leases

Loans Receivable

Schedule of components of net investment in DFLs

The components of net investment in DFLs consisted of the following (dollars in thousands):

	June 30,			December 31,
	2014			2013
Minimum lease payments receivable	$	24,517,865		$	24,808,386
Estimated residual values	4,134,405			4,134,405
Less unearned income	(21,428,392		)	(21,789,392		)
Net investment in direct financing leases	$	7,223,878		$	7,153,399
Properties subject to direct financing leases	364			364

Summary of the Company's internal ratings for net investment in DFLs

The following table summarizes the Company’s internal ratings for net investment in DFLs at June 30, 2014 (in thousands):

	Carrying		Percentage of DFL	Internal Ratings
Investment Type	Amount		Portfolio	Performing DFLs		Watch List DFLs		Workout DFLs
Senior housing	$	1,488,704	20	$	1,116,401	$	372,303	$	—
Post-acute/skilled nursing	5,611,283		78	5,611,283		—		—
Hospital	123,891		2	123,891		—		—
	$	7,223,878	100	$	6,851,575	$	372,303	$	—