Investments in Unconsolidated Entities

3 Months Ended

Mar. 31, 2016

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)	March 31, 2016		December 31, 2015
Triple-net	10% to 49%	$	34,289	$	36,351
Seniors housing operating	10% to 50%		504,355		499,537
Outpatient medical	43%		6,426		6,393
Total		$	545,070	$	542,281
(1) Excludes ownership of in-substance real estate.

At March 31, 2016, the aggregate unamortized basis difference of our joint venture investments of $155,831,000 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.