Investments in Unconsolidated Entities

6 Months Ended

Jun. 30, 2015

Investments In Unconsolidated Entities [Abstract]

Equity Method Investments Disclosure [Text Block]

7. Investments in Unconsolidated Entities

We participate in a number of joint ventures, which generally invest in seniors housing and health care real estate. The results of operations for these properties have been included in our consolidated results of operations from the date of acquisition by the joint ventures and are reflected in our Consolidated Statements of Comprehensive Income as income or loss from unconsolidated entities. The following is a summary of our investments in unconsolidated entities (dollars in thousands):

	Percentage Ownership(1)	June 30, 2015		December 31, 2014
Triple-net	10% to 49%	$	26,243	$	31,511
Seniors housing operating	10% to 50%		506,091		539,147
Outpatient medical	36% to 49%		37,286		173,493
Total		$	569,620	$	744,151
(1) Excludes ownership of in-substance real estate.

At June 30, 2015, the aggregate unamortized basis difference of our joint venture investments of $166,000,000 is primarily attributable to appreciation of the underlying properties and transaction costs. This difference will be amortized over the remaining useful life of the related properties and included in the reported amount of income from unconsolidated entities.