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Customer Concentration
9 Months Ended
Sep. 30, 2011
Customer Concentration [Abstract] 
Customer Concentration

8. Customer Concentration

The following table summarizes certain information about our customer concentration as of September 30, 2011 (dollars in thousands):

                         
    Number of
Properties(2)		     Total
Investment(2)		     Percent of
Investment(3)		  

Concentration by investment: (1)

                        

Genesis HealthCare Corporation

    149     $ 2,472,607       19 % 

Benchmark Senior Living, LLC

    35       897,925       7 % 

Merrill Gardens, LLC

    38       699,913       5 % 

Senior Living Communities, LLC

    12       605,861       5 % 

Brandywine Senior Living, LLC

    19       602,476       5 % 

Remaining portfolio

    632       7,685,869       59 % 
   

 

 

    

 

 

    

 

 

  

Totals

    885     $ 12,964,651       100 % 
   

 

 

    

 

 

    

 

 

  

 

(1) All of our top five customers are in our seniors housing triple-net segment, except for Benchmark and Merrill Gardens, which are in our seniors housing operating segment.
(2) Excludes our share of unconsolidated joint venture investments. Please see Note 7 for additional information.
(3) Investments with our top five customers comprised 32% of total investments at December 31, 2010.