Brookdale Lease Amendments and Terminations and the Formation of Two RIDEA Joint Ventures ("Brookdale Transaction") (Tables)

12 Months Ended

Dec. 31, 2016

Lease Amendments And Terminations And Joint Venture Formations

Summary of quantitative information about fair value measurements for NNN Lease Restructuring and RIDEA Subsidiaries transactions (dollars in thousands)

The following table summarizes the quantitative information about fair value measurements for the NNN Lease Restructuring and RIDEA II transactions (dollars in thousands):

	Fair Value		Valuation Technique	Valuation Inputs	Input Average or Range
NNN Lease Restructuring
Rental payment concessions by HCP	$	76,000	Discounted Cash Flow	NNN Rent Coverage Ratio	1.20x
(benefiting Brookdale)				NNN Rent Growth Rate	3.0%
				Discount Rate	8.00%-8.50%
Forfeited purchase options by	$	(129,000)	Discounted Cash Flow	Capitalization Rates	7.50%-9.25%
Brookdale (benefiting HCP)				Discount Rate	10.50%-11.00%
				Exercise Probability	100.00%
RIDEA II
Forfeited rental payments by HCP	$	131,000	Discounted Cash Flow	NNN Rent Coverage Ratio	1.20x
(benefiting Brookdale)				NNN Rent Growth Rate	3.0%
				EBITDAR Growth Rate	5.5%
				Discount Rate	8.00%-11.00%
Forfeited purchase options by	$	(23,000)	Discounted Cash Flow	Capitalization Rates	7.50%-9.25%
Brookdale (benefiting HCP)				Discount Rate	10.50%-11.00%
				Exercise Probability	100.00%