Impairment

12 Months Ended

Dec. 31, 2014

Impairment

Impairment

5. Impairment

No impairment charges on real estate we own or on our mortgage loans receivable were recorded during 2014, 2013 or 2012. However in past years, the long term care industry experienced significant adverse changes which resulted in operating losses by certain of our lessees and borrowers and in some instances the filing by certain lessees and borrowers for bankruptcy protection. Thus, we cannot predict what, if any, impairment charges may be needed in the future.