Net Investment in Direct Financing Leases (Tables)

6 Months Ended

Jun. 30, 2015

Loans Receivable:

Schedule of components of net investment in DFLs (dollars in thousands)

	June 30,		December 31,
	2015		2014
Minimum lease payments receivable	$	26,690,425	$	24,182,525
Estimated residual values		3,910,830		4,126,426
Less unearned income		(23,737,928)		(21,028,617)
Net investment in direct financing leases	$	6,863,327	$	7,280,334
Properties subject to direct financing leases		363		363

Direct Financing Leases

Loans Receivable:

Summary of the Company's internal ratings for DFLs (dollars in thousands)

	Carrying		Percentage of	Internal Ratings
Investment Type	Amount		DFL Portfolio	Performing DFLs		Watch List DFLs		Workout DFLs
Senior housing	$	1,567,497	23	$	1,199,657	$	367,840	$	—
Post-acute/skilled nursing		5,171,939	75		5,171,939		—		—
Hospital		123,891	2		123,891		—		—
	$	6,863,327	100	$	6,495,487	$	367,840	$	—