Credit Concentration

6 Months Ended

Jun. 30, 2014

8. Credit Concentration

The following table summarizes certain information about our credit concentration as of June 30, 2014 (dollars in thousands):


		Number of	Total		Percent of
Concentration by investment:⁽¹⁾		Properties⁽²⁾	Investment⁽²⁾		Investment⁽³⁾
	Sunrise Senior Living⁽⁴⁾	121	$	4,001,436	18%
	Genesis HealthCare	179		2,681,574	12%
	Revera⁽⁴⁾	48		1,158,028	5%
	Benchmark	39		929,443	4%
	Belmont Village	19		832,909	4%
	Remaining portfolio	751		12,308,922	57%
	Totals	1,157	$	21,912,312	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 44% of total investments at December 31, 2013.
Revera owns a controlling interest in Sunrise.

- 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.

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