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Credit Concentration

3 Months Ended

Jun. 30, 2013

8. Credit Concentration

The following table summarizes certain information about our credit concentration as of June 30, 2013 (dollars in thousands):

		Number of	Total		Percent of
Concentration by investment:⁽¹⁾		Properties⁽²⁾	Investment⁽²⁾		Investment⁽³⁾
	Sunrise Senior Living	71	$	2,694,430	13%
	Genesis HealthCare	176		2,656,736	13%
	Revera	47		1,220,081	6%
	Merrill Gardens	48		1,066,129	5%
	Belmont Village	19		870,281	4%
	Remaining portfolio	716		11,456,459	59%
	Totals	1,077	$	19,964,116	100%

Genesis is in our seniors housing triple-net segment whereas the other top five relationships are in our seniors housing operating segment.
Excludes our share of investments in unconsolidated entities. Please see Note 7 for additional information.
Investments with our top five relationships comprised 37% of total investments at December 31, 2012.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

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+ Details