XML 27 R14.htm IDEA: XBRL DOCUMENT v3.19.2
Credit Concentration
6 Months Ended
Jun. 30, 2019
Risks and Uncertainties [Abstract]  
Credit Concentration Credit Concentration
We use consolidated net operating income (“NOI”) as our credit concentration metric. See Note 18 for additional information and reconciliation. The following table summarizes certain information about our credit concentration for the six months ended June 30, 2019, excluding our share of NOI in unconsolidated entities (dollars in thousands):
 
 
Number of
 
Total
 
Percent of
Concentration by relationship:(1)
 
Properties
 
NOI
 
NOI(2)
Sunrise Senior Living(3)
 
165

 
$
174,422

 
14%
ProMedica
 
218

 
107,541

 
9%
Revera(3)
 
98

 
72,928

 
6%
Genesis HealthCare
 
60

 
60,984

 
5%
Benchmark Senior Living(4)
 
48

 
55,530

 
5%
Remaining portfolio  
 
1,009

 
749,012

 
61%
Totals  
 
1,598

 
$
1,220,417

 
100%
 
(1) Genesis Healthcare and ProMedica are in our Triple-net segment. Sunrise Senior Living and Revera are in our Seniors Housing Operating segment. Benchmark Senior Living is in both our Triple-net and Seniors Housing Operating segments.
(2) NOI with our top five relationships comprised 38% of total NOI for the year ended December 31, 2018.
(3) Revera owns a controlling interest in Sunrise Senior Living.
(4) Please see Note 21 for additional information.