Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016		Dec. 31, 2015
Real property owned:
Land and land improvements	$ 2,596,670		$ 2,563,445
Buildings and improvements	25,712,496		25,522,542
Acquired lease intangibles	1,346,064		1,350,585
Real property held for sale, net of accumulated depreciation	293,806		169,950
Construction in progress	297,023		258,968
Gross real property owned	30,246,059		29,865,490
Less accumulated depreciation and amortization	(4,032,726)		(3,796,297)
Net real property owned	26,213,333		26,069,193
Real estate loans receivable:
Net real estate loans receivable	725,291		819,492
Net real estate investments	26,938,624		26,888,685
Other assets:
Investments in unconsolidated entities	545,070		542,281
Goodwill	68,321		68,321
Cash and cash equivalents	355,949		360,908
Restricted cash	62,176		61,782
Straight-line rent receivable	425,231		395,562
Receivables and other assets	692,922		706,306
Total other assets	2,149,669		2,135,160
Total assets	29,088,293		29,023,845
Liabilities:
Borrowings under primary unsecured credit facilities, Carrying Value	645,000	[1]	835,000
Senior unsecured notes	8,828,053		8,548,055
Secured debt	3,515,053		3,509,142
Capital lease obligations	75,092		75,489
Accrued expenses and other liabilities	665,645		697,191
Total liabilities	13,728,843		13,664,877
Redeemable noncontrolling interests	359,656		183,083
Equity:
Preferred stock	1,006,250		1,006,250
Common stock	356,953		354,811
Capital in excess of par value	16,589,738		16,478,300
Treasury stock	(51,271)		(44,372)
Cumulative net income	3,891,093		3,725,772
Cumulative dividends	(7,168,178)		(6,846,056)
Accumulated other comprehensive income (loss)	(109,053)		(88,243)
Other equity	4,062		4,098
Total Welltower Inc. stockholders' equity	14,519,594		14,590,560
Noncontrolling interests	480,200		585,325
Total equity	14,999,794		15,175,885
Total liabilities and equity	$ 29,088,293		$ 29,023,845

[1] (1) As of March 31, 2016, letters of credit in the aggregate amount of $48,930,000 have been issued, which reduces the borrowing capacity on the unsecured revolving credit facility.