Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2015


Three Months Ended September 30, 2015:		Triple-net		Seniors Housing Operating		Outpatient Medical		Non-segment / Corporate		Total
Rental income	$	285,027	$	-	$	124,263	$	-	$	409,290
Resident fees and services		-		545,255		-		-		545,255
Interest income		19,454		1,054		1,872		-		22,380
Other income		969		772		309		22		2,072
Total revenues		305,450		547,081		126,444		22		978,997

Property operating expenses		-		368,050		40,653		-		408,703
Net operating income from continuing operations		305,450		179,031		85,791		22		570,294

Reconciling items:
Interest expense		12,359		30,990		7,120		70,661		121,130
Depreciation and amortization		74,486		87,306		44,007		-		205,799
General and administrative		-		-		-		36,950		36,950
Transaction costs		1,865		7,630		(162)		-		9,333
Loss (gain) on extinguishment of debt, net		(139)		-		-		723		584
Income (loss) from continuing operations before income taxes and income from unconsolidated entities		216,879		53,105		34,826		(108,312)		196,498
Income tax expense		87		3,237		154		(134)		3,344
(Loss) income from unconsolidated entities		2,851		(5,629)		147		-		(2,631)
Income (loss) from continuing operations		219,817		50,713		35,127		(108,446)		197,211
Gain (loss) on real estate dispositions, net		2,155		-		(109)		-		2,046
Net income (loss)	$	221,972	$	50,713	$	35,018	$	(108,446)	$	199,257

Total assets	$	12,346,157	$	10,325,540	$	4,699,643	$	85,026	$	27,456,366


Three Months Ended September 30, 2014:		Triple-net		Seniors Housing Operating		Outpatient Medical		Non-segment / Corporate		Total
Rental income	$	250,748	$	-	$	103,400	$	-	$	354,148
Resident fees and services		-		482,412		-		-		482,412
Interest income		7,520		1,054		770		-		9,344
Other income		981		325		207		106		1,619
Total revenues		259,249		483,791		104,377		106		847,523

Property operating expenses		41		320,895		34,221		-		355,157
Net operating income from continuing operations		259,208		162,896		70,156		106		492,366

Reconciling items:
Interest expense		10,294		26,612		7,692		73,837		118,435
Loss (gain) on derivatives, net		52		(3)		-		-		49
Depreciation and amortization		68,027		95,819		37,124		-		200,970
General and administrative		-		-		-		30,803		30,803
Transaction costs		1,619		10,572		1,363		-		13,554
Loss (gain) on extinguishment of debt, net		(36)		-		-		2,728		2,692
Other Expenses		8,825		1,437		-		-		10,262
Income (loss) from continuing operations before income taxes and income from unconsolidated entities		170,427		28,459		23,977		(107,262)		115,601
Income tax expense		5,986		3,746		466		-		10,198
(Loss) income from unconsolidated entities		1,353		(5,550)		1,565		-		(2,632)
Income (loss) from continuing operations		177,766		26,655		26,008		(107,262)		123,167
Gain (loss) on real estate dispositions, net		29,604		-		-		-		29,604
Net income (loss)	$	207,370	$	26,655	$	26,008	$	(107,262)	$	152,771


Nine Months Ended September 30, 2015:		Triple-net		Seniors Housing Operating		Outpatient Medical		Non-segment / Corporate		Total
Rental income	$	829,422	$	-	$	356,080	$	-	$	1,185,502
Resident fees and services		-		1,573,318		-		-		1,573,318
Interest income		52,343		3,126		4,481		-		59,950
Other income		5,823		5,001		665		83		11,572
Total revenues		887,588		1,581,445		361,226		83		2,830,342

Property operating expenses		-		1,067,127		116,392		-		1,183,519
Net operating income from continuing operations		887,588		514,318		244,834		83		1,646,823

Reconciling items:
Interest expense		25,064		104,245		21,929		209,833		361,071
Loss (gain) on derivatives, net		(58,427)		-		-		-		(58,427)
Depreciation and amortization		216,921		252,785		133,725		-		603,431
General and administrative		-		-		-		110,562		110,562
Transaction costs		45,615		23,610		1,154		-		70,379
Loss (gain) on extinguishment of debt, net		10,096		-		-		24,776		34,872
Impairment of assets		2,220		-		-		-		2,220
Other expenses		-		-		-		10,583		10,583
Income (loss) from continuing operations before income taxes and income from unconsolidated entities		646,099		133,678		88,026		(355,671)		512,132
Income tax expense		(2,617)		(745)		460		(867)		(3,769)
(Loss) income from unconsolidated entities		5,697		(26,785)		2,857		-		(18,231)
Income (loss) from continuing operations		649,179		106,148		91,343		(356,538)		490,132
Gain (loss) on real estate dispositions, net		56,251		-		192,751		-		249,002
Net income (loss)	$	705,430	$	106,148	$	284,094	$	(356,538)	$	739,134


Nine Months Ended September 30, 2014:		Triple-net		Seniors Housing Operating		Outpatient Medical		Non-segment / Corporate		Total
Rental income	$	736,599	$	-	$	301,852	$	-	$	1,038,451
Resident fees and services		-		1,406,316		-		-		1,406,316
Interest income		23,220		1,065		2,586		-		26,871
Other income		1,448		1,643		850		198		4,139
Total revenues		761,267		1,409,024		305,288		198		2,475,777

Property operating expenses		732		939,108		100,502		-		1,040,342
Net operating income from continuing operations		760,535		469,916		204,786		198		1,435,435

Reconciling items:
Interest expense		28,063		82,924		25,423		223,924		360,334
Loss (gain) on derivatives, net		125		275		-		-		400
Depreciation and amortization		202,668		334,625		111,444		-		648,737
General and administrative		-		-		-		115,327		115,327
Transaction costs		5,900		12,863		2,783		-		21,546
Loss (gain) on extinguishment of debt, net		(36)		383		-		2,728		3,075
Other expenses		8,825		1,437		-		-		10,262
Income (loss) from continuing operations before income taxes and income from unconsolidated entities		514,990		37,409		65,136		(341,781)		275,754
Income tax expense		5,194		1,302		(127)		-		6,369
(Loss) income from unconsolidated entities		4,157		(29,007)		5,145		-		(19,705)
Income (loss) from continuing operations		524,341		9,704		70,154		(341,781)		262,418
Income (loss) from discontinued operations		7,135		-		-		-		7,135
Gain (loss) on real estate dispositions, net		35,366		-		906		-		36,272
Net income (loss)	$	566,842	$	9,704	$	71,060	$	(341,781)	$	305,825