Investments in and Advances to Unconsolidated Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

The Company owns interests in the following entities that are accounted for under the equity method at June 30, 2017 (dollars in thousands):

				Carrying Amount
				June 30,		December 31,
Entity (1)	Segment	Ownership%		2017		2016
CCRC JV (2)	SHOP		49	$	433,507	$	439,449
RIDEA II	SHOP		40	258,505		—
HCP Life Science (3)	Life science		50 - 63	64,795		67,879
MBK JV	SHOP		50	38,806		38,909
Medical Office JVs (4)	Medical office		20 - 67	13,569		13,438
Development JVs (5)	SHOP		50 - 90	18,616		10,459
K&Y JVs	Other non-reportable segments		80	1,420		1,342
Advances to unconsolidated joint ventures, net				13		15
				$	829,231	$	571,491

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(1) These entities are not consolidated because the Company does not control, through voting rights or other means, the JV.

(2) Includes two unconsolidated JVs in a RIDEA structure (CCRC PropCo and CCRC OpCo).

(3) Includes the following unconsolidated partnerships (and the Company’s ownership percentage): (i) Torrey Pines Science Center, LP (50%); (ii) Britannia Biotech Gateway, LP (55%); and (iii) LASDK, LP (63%).

(4) Includes three unconsolidated medical office partnerships (and the Company’s ownership percentage): HCP Ventures VI, LLC (20%); HCP Ventures III, LLC (30%); and Suburban Properties, LLC (67%).

(5) Includes four unconsolidated SHOP development partnerships (and the Company’s ownership percentage): (i) Vintage Park Development JV (85%); (ii) Waldwick JV (85%); (iii) Otay Ranch JV (90%); and (iv) MBK Development JV (50%)