Credit Concentration

9 Months Ended

Sep. 30, 2013

8. Credit Concentration

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


		Number of	Total		Percent of
Concentration by investment:⁽¹⁾		Properties⁽²⁾	Investment⁽²⁾		Investment⁽³⁾
	Sunrise Senior Living	120	$	4,060,818	19%
	Genesis HealthCare	177		2,662,196	12%
	Revera	47		1,221,148	6%
	Belmont Village	19		859,797	4%
	Benchmark	37		852,960	4%
	Remaining portfolio	740		11,949,624	55%
	Totals	1,140	$	21,606,543	100%

Genesis is in our seniors housing triple-net segment. Sunrise, Revera, and Belmont Village are in our seniors housing operating segment. Benchmark is in both our seniors housing triple-net and seniors housing operating segments.
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