Credit Concentration

12 Months Ended

Dec. 31, 2014

8. Credit Concentration

The following table summarizes certain information about our credit concentration as of December 31, 2014, excluding our share of investments in unconsolidated entities. See Note 7 for additional information (dollars in thousands):


		Number of	Total		Percent of
Concentration by investment:⁽¹⁾		Properties	Investment		Investment⁽²⁾
	Sunrise Senior Living⁽³⁾	136	$	4,130,125	18%
	Genesis Healthcare	181		2,657,907	12%
	Brookdale	146		1,401,834	6%
	Revera	48		1,038,099	5%
	Benchmark	39		917,995	4%
	Remaining portfolio	710		12,705,236	55%
	Totals	1,260	$	22,851,196	100%

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Genesis is in our seniors housing triple-net segment. Sunrise Senior Living and Revera are in our seniors housing operating segment. Brookdale and Benchmark are in both our seniors housing triple-net and seniors housing operating segments.
Investments with our top five relationships comprised 44% of total investments at December 31, 2013.
For the year ended December 31, 2014, we recognized $895,897,000 of revenue from Sunrise Senior Living.

- 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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