XML 30 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Credit Concentration
6 Months Ended
Jun. 30, 2017
Customer Concentration [Abstract]  
Credit Concentration

8. Credit Concentration

     We use consolidated net operating income (“NOI”) as our credit concentration metric. See Note 17 for additional information and reconciliation. The following table summarizes certain information about our credit concentration for the six months ended June 30, 2017, excluding our share of NOI in unconsolidated entities (dollars in thousands):

Number ofTotalPercent of
Concentration by relationship:(1)PropertiesNOINOI(2)
Genesis Healthcare86$98,2259%
Sunrise Senior Living(3)153155,33114%
Brookdale Senior Living13775,8627%
Revera(3)9875,9377%
Benchmark Senior Living 4848,0954%
Remaining portfolio 752655,42659%
Totals 1,274$1,108,876100%
(1) Genesis Healthcare is in our triple-net segment. Sunrise Senior Living and Revera are in our seniors housing operating segment. Benchmark Senior Living and Brookdale Senior Living are in both our triple-net and seniors housing operating segments.
(2) NOI with our top five relationships comprised 45% of total NOI for the year ending December 31, 2016.
(3) Revera owns a controlling interest in Sunrise Senior Living.