New Senior Investment (SNR) 10-K 28 Feb 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Feb. 16, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	New Senior Investment Group Inc.
Entity Central Index Key	1,610,114
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 812
Entity Common Stock, Shares Outstanding		82,148,869
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Real estate investments:
Land	$ 182,238	$ 220,317
Buildings, improvements and other	2,329,524	2,552,862
Accumulated depreciation	(275,794)	(218,968)
Net real estate property	2,235,968	2,554,211
Acquired lease and other intangible assets	264,438	319,929
Accumulated amortization	(249,198)	(255,452)
Net real estate intangibles	15,240	64,477
Net real estate investments	2,251,208	2,618,688
Cash and cash equivalents	137,327	58,048
Straight-line rent receivables	82,445	73,758
Receivables and other assets, net	37,047	71,234
Total Assets	2,508,027	2,821,728
Liabilities
Mortgage notes payable, net	1,907,928	2,130,387
Due to affiliates	9,550	11,623
Accrued expenses and other liabilities	84,664	100,823
Total Liabilities	2,002,142	2,242,833
Commitments and contingencies (Note 14)
Equity
Preferred Stock $0.01 par value, 100,000,000 shares authorized and none issued or outstanding as of both December 31, 2017 and 2016	0	0
Common stock $0.01 par value, 2,000,000,000 shares authorized, 82,148,869 and 82,127,247 shares issued and outstanding as of December 31, 2017 and 2016, respectively	821	821
Additional paid-in capital	898,132	897,918
Accumulated deficit	(393,068)	(319,844)
Total Equity	505,885	578,895
Total Liabilities and Equity	$ 2,508,027	$ 2,821,728

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	82,148,869	82,127,247
Common stock, shares outstanding (in shares)	82,148,869	82,127,247

CONSOLIDATED AND COMBINED STATE

CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues
Resident fees and services									$ 336,739	$ 359,472	$ 277,324
Rental revenue									112,391	112,966	111,154
Total revenues	$ 106,916	$ 112,955	$ 114,286	$ 114,973	$ 117,495	$ 118,457	$ 118,541	$ 117,945	449,130	472,438	388,478
Expenses
Property operating expense									230,045	243,027	189,543
Depreciation and amortization									139,942	184,546	160,318
Interest expense									93,597	91,780	75,021
Acquisition, transaction, and integration expense									2,453	3,942	13,444
Management fees and incentive compensation to affiliate									18,225	18,143	14,279
General and administrative expense									15,307	15,194	15,233
Loss on extinguishment of debt									3,902	245	5,091
Other expense									1,702	727	1,629
Total expenses									505,173	557,604	474,558
Gain on sale of real estate									71,763	13,356	0
Income (loss) before income taxes	36,760	(14,619)	3,268	(9,689)	(2,394)	(19,459)	(27,883)	(22,074)	15,720	(71,810)	(86,080)
Income tax expense (benefit)	3,239	(80)	147	206	408	782	(525)	(226)	3,512	439	(3,655)
Net income (loss)	$ 33,521	$ (14,539)	$ 3,121	$ (9,895)	$ (2,802)	$ (20,241)	$ (27,358)	$ (21,848)	$ 12,208	$ (72,249)	$ (82,425)
Net income (loss) per share of common stock
Earnings per share, Basic	$ 0.41	$ (0.18)	$ 0.04	$ (0.12)					$ 0.15	$ (0.88)	$ (1.08)
Earnings per share, Diluted	$ 0.41	$ (0.18)	$ 0.04	$ (0.12)					$ 0.15	$ (0.88)	$ (1.08)
Weighted average number of shares of common stock outstanding
Weighted average number of shares outstanding, Basic	82,148,869	82,148,869	82,142,562	82,140,750					82,145,295	82,357,349	76,601,161
Weighted average number of shares outstanding, Diluted	82,632,232	82,148,869	82,778,761	82,140,750					82,741,322	82,357,349	76,601,161
Dividends declared per share of common stock (in dollars per share)									$ 1.04	$ 1.04	$ 0.75

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Accumulated Deficit [Member]	Additional Paid in Capital [Member]
Equity, Beginning Balance at Dec. 31, 2014	$ 648,536	$ 664	$ (24,715)	$ 672,587
Equity, Beginning Balance ( in shares) at Dec. 31, 2014		66,415,415
Increase (Decrease) in Equity [Roll Forward]
Exercise of stock options	$ 0
Exercised options (in shares)		30,046
Issuance of common stock, net (in shares)	20,114,090
Issuance of common stock, net	$ 266,513	$ 201		266,312
Repurchase of common stock (in shares)	(1,112,000)
Repurchase of common stock	$ (10,273)	(11)		(10,262)
Fair value of stock options issued	17			17
Dividends declared	(55,043)		(55,043)
Net loss	(82,425)		(82,425)	0
Equity, Ending Balance at Dec. 31, 2015	767,325	$ 854	(162,183)	928,654
Equity, Ending Balance ( in shares) at Dec. 31, 2015		85,447,551
Increase (Decrease) in Equity [Roll Forward]
Director's shares issued	$ 139			139
Director’s shares issued		13,029
Repurchase of common stock (in shares)	(3,333,333)
Repurchase of common stock	$ (30,913)	$ (33)		(30,880)
Fair value of stock options issued	5			5
Dividends declared	(85,412)		(85,412)
Net loss	(72,249)		(72,249)	0
Equity, Ending Balance at Dec. 31, 2016	$ 578,895	$ 821	(319,844)	897,918
Equity, Ending Balance ( in shares) at Dec. 31, 2016	82,127,247	82,127,247
Increase (Decrease) in Equity [Roll Forward]
Director's shares issued	$ 214			214
Director’s shares issued	21,622	21,622
Dividends declared	$ (85,432)		(85,432)
Net loss	12,208		12,208	0
Equity, Ending Balance at Dec. 31, 2017	$ 505,885	$ 821	$ (393,068)	$ 898,132
Equity, Ending Balance ( in shares) at Dec. 31, 2017	82,148,869	82,148,869

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash Flows From Operating Activities
Net loss	$ 12,208	$ (72,249)	$ (82,425)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation of tangible assets and amortization of intangible assets	140,078	184,689	160,460
Amortization of deferred financing costs	9,090	9,582	9,320
Amortization of deferred revenue, net	(385)	1,903	1,591
Amortization of (premium) discount on mortgage notes payable	(512)	(603)	77
Non-cash straight-line rent	(17,865)	(21,842)	(25,462)
Gain on sale of real estate	(71,763)	(13,356)	0
Loss on extinguishment of debt	3,902	245	5,091
Equity-based compensation	75	144	17
Provision for bad debt	2,228	2,150	2,105
Remeasurement of deferred tax assets	2,966	0	0
Other non-cash expense	1,168	702	964
Changes in:
Receivables and other assets, net	(658)	(3,069)	(14,868)
Due to affiliates	(2,073)	1,979	2,762
Accrued expenses and other liabilities	(16,948)	9,024	9,870
Net cash provided by operating activities	61,511	99,299	69,502
Cash Flows From Investing Activities
Proceeds from the sale of real estate, net	339,624	22,711	0
Capital expenditures, net of insurance proceeds	(19,729)	(21,151)	(11,411)
Reimbursements (escrows) for capital expenditures, net	6,871	(2,423)	(3,169)
Deposits refunded (paid) for real estate investments	0	(584)	11,355
Cash paid for acquisitions, net of deposits	0	0	(1,251,343)
Net cash provided by (used in) investing activities	326,766	(279)	(1,277,278)
Cash Flows From Financing Activities
Principal payments of mortgage notes payable	(26,946)	(16,240)	(15,599)
Repayments of mortgage notes payable	(204,730)	(13,725)	(304,484)
Payment of exit fee on extinguishment of debt	(3,264)	(189)	(1,499)
Payment of common stock dividend	(85,432)	(85,412)	(70,318)
Cash returned from (escrowed with) lender	11,374	(11,374)	0
Repurchase of common stock	0	(30,913)	(10,273)
Payment of deferred financing costs	0	0	(13,065)
Proceeds from mortgage notes payable	0	0	1,248,252
Purchase of interest rate caps	0	0	(1,247)
Proceeds from issuance of common stock and exercise of options	0	0	276,569
Costs related to issuance of common stock	0	0	(10,056)
Net cash (used in) provided by financing activities	(308,998)	(157,853)	1,098,280
Net increase (decrease) in cash and cash equivalents	79,279	(58,833)	(109,496)
Cash and cash equivalents, beginning of year	58,048	116,881	226,377
Cash and cash equivalents, end of year	137,327	58,048	116,881
Supplemental Disclosure of Cash Flow Information
Cash paid during the year for interest expense	85,373	82,557	62,870
Cash paid during the year for income taxes	274	266	190
Supplemental Schedule of Non-Cash Investing and Financing Activities
Issuance of common stock and exercise of options	214	139	316
Other liabilities assumed with acquisitions	$ 0	$ 0	$ 651

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION New Senior Investment Group Inc. (“New Senior,” “we,” “us” or “our”) is a Real Estate Investment Trust (“REIT”) primarily focused on investing in private pay senior housing properties. We were formed as a Delaware limited liability company in 2012 and converted to a Delaware corporation on May 30, 2014 and changed our name to New Senior Investment Group Inc. on June 16, 2014. As of December 31, 2017 , we owned a diversified portfolio of 133 primarily private pay senior housing properties located across 37 states. We are listed on the New York Stock Exchange (“NYSE”) under the symbol “SNR” and are headquartered in New York, New York. We operate in two reportable segments: (1) Managed Properties and (2) Triple Net Lease Properties. Managed Properties – We have engaged property managers to manage 81 of our properties on a day-to-day basis under the Managed Properties segment. These properties consist of 51 independent living (“IL”) facilities and 30 assisted living/memory care (“AL/MC”) facilities. Our managed properties are managed by Holiday Retirement (“Holiday”), a portfolio company that is majority owned by private equity funds managed by an affiliate of FIG LLC (the “Manager”), a subsidiary of Fortress Investment Group LLC (“Fortress”), FHC Property Management LLC (together with its subsidiaries, “Blue Harbor”), an affiliate of the Manager, Jerry Erwin Associates, Inc. (“JEA”), Thrive Senior Living LLC (“Thrive”), Grace Management, Inc. (“Grace”) and Watermark Retirement Communities, Inc. (“Watermark”), collectively, the “Property Managers,” under property management agreements (the “Property Management Agreements”). Under the Property Management Agreements, the Property Managers are responsible for the day-to-day operations of our senior housing properties and are entitled to a management fee in accordance with the terms of the Property Management Agreements. Our Property Management Agreements have initial five -year or ten -year terms, with successive, automatic one -year renewal periods. We pay property management fees of 5% to 7% of effective gross income pursuant to our Property Management Agreements with Holiday and, in some cases, Holiday is eligible to earn an incentive fee based on operating performance. We pay property management fees of 3% to 7% of gross revenues and, for certain properties, i) a property management fee based on a percentage of net operating income and ii) when eligible, an incentive fee based on operating performance, pursuant to our Property Management Agreements with other managers. Triple Net Lease Properties – We own 52 properties subject to triple net lease arrangements (substantially all of which are leased to Holiday). These properties consist of 51 IL properties and 1 rental Continuing Care Retirement Community (“CCRC”). In a triple net lease arrangement, the lessee agrees to operate and maintain the property at its own expense, including maintenance, utilities, taxes, insurance, repairs, capital improvements and the payroll expense of property-level employees. Our triple net lease agreements have initial terms of approximately 15 or 17 years and include renewal options and annual rent increases ranging from 2.5% to 4.5% .

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP’’) with the instructions to Form 10-K and Article 10 of Regulation S-X. The consolidated financial statements include the accounts of New Senior and its consolidated subsidiaries. All significant intercompany transactions and balances have been eliminated. We consolidate those entities in which we have control over significant operating, financial and investing decisions of the entity. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Certain prior period amounts have been reclassified to conform to the current period’s presentation. Use of Estimates Management is required to make estimates and assumptions when preparing financial statements in conformity with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the accompanying consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from management’s estimates. Revenue Recognition Resident Fees and Services - Resident fees and services include monthly rental revenue, care income and ancillary income recognized from the Managed Properties segment. Resident fees and services are recognized monthly as services are provided. Most lease agreements with residents are cancelable by the resident with 30 days’ notice. Ancillary income primarily relates to non-refundable community fees. Non-refundable community fees are recognized on a straight-line basis over the estimated length of stay of residents, which approximates 24 months for AL/MC properties and 33 months for IL properties. Rental Revenue - Rental revenue from the Triple Net Lease Properties segment is recognized on a straight-line basis over the applicable term of the lease when collectability is reasonably assured. Recognizing rental revenue on a straight-line basis typically results in recognizing revenue in excess of cash amounts contractually due from our tenants during the first half of the lease term, creating a straight-line rent receivable. Acquisition Accounting We have determined that all of our acquisitions should be accounted for under the acquisition method. The accounting for acquisitions requires the identification and measurement of all acquired tangible and intangible assets and assumed liabilities at their respective fair values, as of the respective transaction dates. The determination of the fair value of net assets acquired involves significant judgment and estimates, such as estimated future cash flow projections, appropriate discount and capitalization rates and other estimates based on available market information. Estimates of future cash flows are based on a number of factors including property operating results, known and anticipated trends, as well as market and economic conditions. In measuring the fair value of tangible and identified intangible assets acquired and liabilities assumed, management uses information obtained as a result of pre-acquisition due diligence, marketing, leasing activities and independent appraisals. In the case of buildings, the fair value of the tangible assets acquired is determined by valuing the property as if it were vacant. Significant estimates impacting the measurement at fair value of our real property include construction cost data and qualitative selection of comparable market transactions as well as the assessment of the relative quality and condition of the acquired properties. Recognized intangible assets primarily include the fair value of in-place resident leases. We estimate the fair value of in-place leases as (i) the present value of the estimated rental revenue that would have been forgone, offset by variable costs that would have otherwise been incurred during a reasonable lease-up period, as if the acquired units were vacant and (ii) the estimated absorption costs, such as additional marketing costs that would have been incurred during the lease-up period. The acquisition fair value of the in-place lease intangibles is amortized over the estimated length of stay of the residents on a straight-line basis. Contingent consideration, if any, is measured at fair value on the date of acquisition. The fair value of the contingent consideration is remeasured at each reporting date with any change recorded in “Other expense” in the Consolidated Statements of Operations. Acquisition and transaction expense includes costs related to completed and potential acquisitions, dispositions and other transactions. Such costs include advisory, legal, accounting, valuation and other professional or consulting fees. Integration expense includes costs directly related to the integration of acquired businesses such as lender mandated repairs, licensing, rebranding and training incurred in connection with an acquisition. Acquisition, transaction and integration costs are expensed as incurred. Real Estate Investments Real estate investments are recorded at cost less accumulated depreciation or accumulated amortization. Depreciation is calculated on a straight-line basis using estimated remaining useful lives not to exceed 40 years for buildings, 3 to 10 years for building improvements and 3 to 5 years for other fixed assets. Amortization for in-place lease intangibles, ground lease intangibles and other intangibles is calculated on a straight-line basis using estimated useful lives of 24 to 33 months, 74 to 82 years and 5 to 13 years, respectively. Amortization for above/below market lease intangibles is calculated on a straight line basis using estimated useful lives of 15 to 17 years. Impairment of Long Lived Assets We periodically evaluate long-lived assets, including definite lived intangible assets, primarily consisting of our real estate investments, for impairment indicators. If indicators of impairment are present, we evaluate the carrying value of the related real estate investments in relation to the future undiscounted cash flows of the underlying operations. In performing this evaluation, market conditions and our current intentions with respect to holding or disposing of the asset are considered. If the sum of the expected future undiscounted cash flows is less than book value, we recognize an impairment loss equal to the amount by which the asset’s carrying value exceeds its fair value. An impairment loss is recognized at the time any such determination is made. We have not recorded an impairment loss since inception. Cash and Cash Equivalents Cash and cash equivalents consists of cash on hand and all highly liquid short term investments with maturities of 90 days or less, when purchased. Restricted Cash Restricted cash primarily consists of (i) amounts held by lenders in tax, insurance, replacement reserve and other escrow accounts and (ii) security deposits and is included in “Receivables and other assets, net” in the Consolidated Balance Sheets. Straight-line Rent Receivables and Receivables and Other Assets, Net Receivables and other assets, net consists primarily of escrows held by lenders and resident receivables, net of allowance and prepaid expenses. We assess the collectability of rent receivables, including straight-line rent receivables, on an ongoing basis. This assessment is based on several qualitative and quantitative factors, including and as appropriate, the payment history of the resident and triple net lease tenant, the financial strength of the resident or tenant and of guarantors, the value of the underlying collateral or deposit, if any, and current economic conditions. If the evaluation of these factors indicates it is probable that we will not be able to recover the full value of the receivable, we provide a specific reserve against the portion of the receivable that we estimate may not be recovered. We have not recorded a reserve against our straight-line rent receivable since inception. Deferred Financing Costs Deferred financing costs consist of fees and direct costs incurred in obtaining financing. Deferred financing costs are presented as a direct deduction from the carrying amount of the related debt liability and are amortized over the terms of the related borrowings using the effective interest rate method as a component of interest expense. Amortized costs of $ 9.1 million , $ 9.6 million and $ 9.3 million are included in “Interest expense” in the Consolidated Statements of Operations for the years ended December 31, 2017 , 2016 and 2015 , respectively. Deferred Revenue Deferred revenue primarily includes non-refundable community fees received when residents move in, and are included within “Accrued expenses and other liabilities” in the Consolidated Balance Sheets. Deferred revenue amounts are amortized into income on a straight-line basis over the estimated length of stay of the resident, and are included within “Resident fees and services” in the Consolidated Statements of Operations. Income Taxes New Senior is organized and conducts its operations to qualify as a REIT under the requirements of the Internal Revenue Code of 1986, as amended (“Code”). Requirements for qualification as a REIT include various restrictions on ownership of stock, requirements concerning distribution of taxable income and certain restrictions on the nature of assets and sources of income. A REIT must distribute at least 90% of its taxable income to its stockholders of which 85% plus any undistributed amounts from the prior year must be distributed within the taxable year in order to avoid the imposition of an excise tax. Distribution of the remaining balance may extend until timely filing of our tax return in the subsequent taxable year. Qualifying distributions of taxable income are deductible by a REIT in computing taxable income. Certain activities are conducted through a taxable REIT subsidiary (“TRS”) and therefore are subject to federal and state income taxes. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases upon the change in tax status. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period of the enactment date. We recognize tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Consolidated Statements of Operations. As of December 31, 2017 and 2016 , we had no uncertain tax positions. Fair Value Measurement Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy, which is described below, prioritizes the inputs we use in measuring fair value: • Level 1 - Quoted prices for identical instruments in active markets. • Level 2 - Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets. • Level 3 - Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. Derivative Instruments In the normal course of business, we may use derivative instruments to manage, or hedge, interest rate risk. We do not use derivative instruments for trading or speculative purposes and do not apply hedge accounting. We recognize all derivatives as either assets or liabilities at fair value. Derivative valuation requires us to make estimates and judgments that affect the fair value of the instruments. We estimate the fair value of derivatives based on pricing models that consider level 2 inputs including forward yield curves, cap strike rates, cap volatility and discount rates. The fair value adjustments on our interest rate caps were losses of $ 0.1 million , $ 0.2 million and $ 1.0 million for the years ended December 31, 2017 , 2016 and 2015 , respectively, and are included in “Other expense” in the Consolidated Statements of Operations and “Other non-cash expense” in the Consolidated Statements of Cash Flows. The fair value of the interest rate caps was immaterial as of December 31, 2017 and was $ 0.1 million as of December 31, 2016 , and is included in “Receivables and other assets, net” in the Consolidated Balance Sheets. Our interest rate caps were executed with investment grade counterparties. Assets Held for Sale We classify certain long-lived assets as held for sale once the criteria, as defined by GAAP, has been met. Assets held for sale are included in “Receivables and other assets, net” in the Consolidated Balance Sheets. Long-lived assets to be disposed of are reported at the lower of their carrying amount or fair value less cost to sell and are no longer depreciated. Sale of Assets We recognize sales of assets only upon the closing of the transactions with the purchaser. We recognize gains on assets sold using the full accrual method upon closing if the collectability of the sales price is reasonably assured, we are not obligated to perform any significant activities after the sale to earn the profit, we have received adequate initial investment from the purchaser, and other profit recognition criteria has been satisfied. Stock Options Options granted to our directors are measured at fair value at the grant date with the related expense recognized over the service term, if any. Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-09 Revenues from Contracts with Customers (Topic 606). The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under today’s guidance. These included identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. While this ASU specifically references contracts with customers, it may apply to certain other transactions such as the sale of real estate. In August 2015, the FASB deferred the effective date of this standard by one year, which will be for fiscal years, and interim periods within those years, beginning after December 15, 2017. We will adopt this standard under the modified retrospective approach effective on January 1, 2018. Under the modified retrospective approach, the standard is applied to the most current period presented, and the cumulative effect of the adoption change is recognized as an adjustment to beginning retained earnings. We have determined that the adoption of this standard will not result in an adjustment to beginning retained earnings and will not result in a change in the amount, timing and pattern of recognition of our revenue as a substantial portion of our revenue is generated through our triple net lease and managed property leasing arrangements, which are excluded from ASU 2014-09. Additionally, real estate sales are within the scope of ASU 2014-09, as amended by ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (“ASU 2017-05”). ASU 2017-05 clarifies the scope of subtopic 610-20, Other Income - Gains and Losses from Derecognition of Nonfinancial Assets, and adds guidance for partial sales of nonfinancial assets. Under ASU 2014-09 and ASU 2017-05, the income recognition for real estate sales is largely based on the transfer of control versus continuing involvement under the current guidance. Sales of our real estate are generally not executory across points in time and our performance obligations from these contracts are expected to fall within a single period. As a result, the adoption of this standard is not expected to impact the timing of our income recognition from sales of real estate. In February 2016, the FASB issued ASU 2016-02 Leases . This standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, and early adoption is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. We continue to assess the guidance and the impact it may have on our consolidated financial statements and have initiated a review to identify non-lease components, if any, in our lease agreements. In June 2016, the FASB issued ASU 2016-13 Financial Instruments - Credit Losses, Measurement of Credit Losses on Financial Instruments . This standard replaces the current incurred loss methodology with a methodology that reflects expected credit losses. Under this methodology, a company would recognize an impairment allowance equal to its current estimate of all contractual cash flows that it does not expect to collect from financial assets measured at amortized cost. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and early adoption is permitted beginning after December 15, 2018. We are assessing the impact this guidance may have on our consolidated financial statements. In November 2016, the FASB issued ASU 2016-18 Statement of Cash Flows (Topic 230) - Restricted Cash , related to the classification of restricted cash on the statement of cash flows. This ASU requires that the statement of cash flows include a reconciliation and explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and early adoption is permitted. Adoption of this ASU will impact the presentation of our Consolidated Statements of Cash Flows as activity between cash and cash equivalents and restricted cash will no longer be presented in our operating, financing or investing activities. Our restricted cash was $ 20.2 million and $ 39.5 million as of December 31, 2017 and 2016 , respectively. In January 2017, the FASB issued ASU 2017-01 Business Combinations (Topic 805) - Clarifying the Definition of a Business. This standard narrows the FASB’s definition of a business and provides a framework that assists entities with making reasonable judgments about whether a transaction involves an asset or business. ASU 2017-01 states that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and early adoption is permitted. The ASU is to be applied prospectively and upon adoption we expect that the majority of our acquisitions will be deemed asset acquisitions which will result in the elimination of a measurement period, the capitalization of related third party transaction costs and any associated contingent consideration being recognized when the contingency is resolved.

DISPOSITIONS

DISPOSITIONS	12 Months Ended
	Dec. 31, 2017
Dispositions [Abstract]
DISPOSITIONS	DISPOSITIONS 2017 Activity In November, we sold a portfolio of nine AL/MC properties in the Managed Properties segment for a purchase price of $ 109.5 million and recognized a gain on sale of $ 6.9 million , net of selling costs. In connection with this sale we repaid $ 78.7 million of debt. In December, we sold a portfolio of six properties ( four CCRC, one IL and one AL/MC) in the Triple Net Lease Properties segment for a purchase price of $ 186.0 million , including lease termination fees, and recognized a gain on sale of $ 42.3 million , net of selling costs. In connection with this sale, we repaid $ 98.1 million of debt. The following table presents the revenues and expenses of the above portfolios: Year Ended December 31, 2017 2016 2015 Revenues Resident fees and services $ 28,910 $ 34,370 $ 32,762 Rental revenue 16,893 17,490 17,496 Total revenues 45,803 51,860 50,258 Expenses Property operating expense 23,413 27,033 25,781 Depreciation and amortization 7,212 19,205 32,284 Interest expense 7,262 7,630 7,436 Total expenses $ 37,887 $ 53,868 $ 65,501 In addition to the above transactions, we sold four properties ( two AL/MC and two IL) in the Managed Properties segment for a purchase price of $ 48.5 million and recognized a gain on sale of $ 22.5 million , net of selling costs. In connection with these sales, we repaid $ 28.0 million of debt. 2016 Activity We sold two AL/MC properties for a purchase price of $ 23.0 million and recognized a gain on sale of $ 13.4 million , net of selling costs. In connection with this sale, we repaid $ 13.7 million of debt associated with these properties and, pursuant to the Property Management Agreement, paid an early termination fee of $ 1.8 million to Blue Harbor, which is included in “Acquisition, transaction and integration expense” in the Consolidated Statements of Operations.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING As of December 31, 2017 , we operated in two reportable business segments: Managed Properties and Triple Net Lease Properties. Under our Managed Properties segment, we invest in senior housing properties throughout the United States and engage property managers to manage those senior housing properties. Under our Triple Net Lease Properties segment, we invest in senior housing and healthcare properties throughout the United States and lease those properties to healthcare operating companies under triple net leases that obligate the tenants to pay all property-related expenses, including maintenance, utilities, taxes, insurance, repairs, capital improvements and the payroll expense of property-level employees. We evaluate performance of the combined properties in each reportable business segment based on segment NOI. We define NOI as total revenues less property-level operating expenses, which include property management fees and travel cost reimbursements. We believe that net income, as defined by GAAP, is the most appropriate earnings measurement. However, we believe that segment NOI serves as a useful supplement to net income because it allows investors, analysts and management to measure unlevered property-level operating results and to compare our operating results between periods and to the operating results of other real estate companies on a consistent basis. Segment NOI should not be considered as an alternative to net income as determined in accordance with GAAP. Depreciation and amortization, interest expense, acquisition, transaction and integration expense, management fees and incentive compensation to affiliate, general and administrative expense, loss on extinguishment of debt, other expense (income), gain on sale of real estate and income tax expense (benefit) are not allocated to individual segments for purposes of assessing segment performance. There are no intersegment sales or transfers. Year Ended December 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Triple Net Lease Properties Managed Properties Consolidated Triple Net Lease Properties Managed Properties Consolidated Triple Net Lease Properties Managed Properties Consolidated Revenues Resident fees and services $ — $ 336,739 $ 336,739 $ — $ 359,472 $ 359,472 $ — $ 277,324 $ 277,324 Rental revenue 112,391 — 112,391 112,966 — 112,966 111,154 — 111,154 Less: Property operating expense — 230,045 230,045 — 243,027 243,027 — 189,543 189,543 Segment NOI $ 112,391 $ 106,694 $ 219,085 $ 112,966 $ 116,445 $ 229,411 $ 111,154 $ 87,781 $ 198,935 Depreciation and amortization 139,942 184,546 160,318 Interest expense 93,597 91,780 75,021 Acquisition, transaction and integration expense 2,453 3,942 13,444 Management fees and incentive compensation to affiliate 18,225 18,143 14,279 General and administrative expense 15,307 15,194 15,233 Loss on extinguishment of debt 3,902 245 5,091 Other expense 1,702 727 1,629 Total expenses 275,128 314,577 285,015 Gain on sale of real estate 71,763 13,356 — Income (loss) before income taxes 15,720 (71,810 ) (86,080 ) Income tax expense (benefit) 3,512 439 (3,655 ) Net income (loss) $ 12,208 $ (72,249 ) $ (82,425 ) Property operating expense includes property management fees and travel reimbursement costs. We also reimbursed the Property Managers for property-level payroll expenses. See Note 9 for additional information on these expenses related to Blue Harbor and Holiday. Assets by reportable business segment are reconciled to total assets as follows: December 31, 2017 December 31, 2016 Amount Percentage Amount Percentage Managed Properties $ 1,430,957 57.1 % $ 1,639,726 58.1 % Triple Net Lease Properties 980,666 39.1 % 1,151,102 40.8 % All other assets (A) 96,404 3.8 % 30,900 1.1 % Total assets $ 2,508,027 100.0 % $ 2,821,728 100.0 % (A) Primarily consists of corporate cash which is not directly attributable to our reportable business segments. Capital expenditures in the Managed Properties segment, including investments in real estate property, were $ 20.0 million , $ 17.2 million and $ 11.4 million for the years ended December 31, 2017 , 2016 and 2015 , respectively. Capital expenditures in the Triple Net Lease segment were $ 0.7 million and $ 4.1 million for the years ended December 31, 2017 and 2016 . There were no capital expenditures in 2015. The following table presents the percentage of total revenues by geographic location: As of and for the year ended December 31, 2017 As of and for the year ended December 31, 2016 Number of Communities % of Total Revenue Number of Communities % of Total Revenue Florida 15 18.0 % 26 19.8 % Texas 13 12.2 % 19 12.0 % California 11 10.2 % 11 10.0 % North Carolina 9 6.6 % 9 6.4 % Pennsylvania 7 6.2 % 7 6.0 % Oregon 9 5.0 % 9 5.3 % Other 69 41.8 % 71 40.5 % Total 133 100.0 % 152 100.0 %

REAL ESTATE INVESTMENTS

REAL ESTATE INVESTMENTS	12 Months Ended
	Dec. 31, 2017
Real Estate [Abstract]
REAL ESTATE INVESTMENTS	REAL ESTATE INVESTMENTS December 31, 2017 December 31, 2016 Gross Carrying Amount Accumulated Depreciation Net Carrying Value Gross Carrying Amount Accumulated Depreciation Net Carrying Value Land $ 182,238 $ — $ 182,238 $ 220,317 $ — $ 220,317 Building and improvements 2,216,461 (208,540 ) 2,007,921 2,430,658 (163,670 ) 2,266,988 Furniture, fixtures and equipment 113,063 (67,254 ) 45,809 122,204 (55,298 ) 66,906 Total real estate investments $ 2,511,762 $ (275,794 ) $ 2,235,968 $ 2,773,179 $ (218,968 ) $ 2,554,211 Depreciation expense was $ 91.6 million , $ 92.4 million and $ 72.8 million for the years ended December 31, 2017 , 2016 and 2015 , respectively. The following table summarizes our real estate intangibles: December 31, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Remaining Amortization Period Above/below market lease intangibles, net $ 1,607 $ (380 ) $ 1,227 12.9 years $ 2,426 $ (419 ) $ 2,007 13.4 years In-place lease and other intangibles 262,831 (248,818 ) 14,013 18.3 years 317,503 (255,033 ) 62,470 5.2 years Total intangibles $ 264,438 $ (249,198 ) $ 15,240 $ 319,929 $ (255,452 ) $ 64,477 Amortization expense was $ 48.3 million , $ 92.2 million and $ 87.6 million for the years ended December 31, 2017 , 2016 and 2015 , respectively. Additionally, amortization of above/below market leases was $ 0.1 million for each of the years ended December 31, 2017 , 2016 and 2015 , and is reported as a net reduction to “Rental revenue” in the Consolidated Statements of Operations. The following table sets forth the estimated future amortization of intangible assets as of December 31, 2017 : Years Ending December 31 2018 $ 8,344 2019 448 2020 448 2021 448 2022 448 Thereafter 5,104 Total intangibles $ 15,240 Impact from Hurricane Irma Due to the impact of Hurricane Irma, we recognized $ 1.5 million for damage remediation and other incremental costs in 2017 which is included in “Other expense” in the Consolidated Statements of Operations. We do not expect additional remediation costs in subsequent periods to be material.

RECEIVABLES AND OTHER ASSETS, N

RECEIVABLES AND OTHER ASSETS, NET	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
RECEIVABLES AND OTHER ASSETS, NET	RECEIVABLES AND OTHER ASSETS, NET December 31, 2017 December 31, 2016 Escrows held by lenders (A) $ 16,936 $ 36,231 Prepaid expenses 4,490 3,617 Resident receivables, net 2,672 3,111 Deferred tax assets 5,475 8,660 Security deposits 3,222 3,238 Income tax receivable 802 1,313 Assets held for sale (B) — 10,824 Other assets and receivables 3,450 4,240 Total receivables and other assets $ 37,047 $ 71,234 (A) Represents amounts held by lenders in tax, insurance, replacement reserve and other escrow accounts that are related to mortgage notes collateralized by New Senior’s properties. (B) The balance as of December 31, 2016 represents two AL/MC properties in the Managed Properties segment and primarily consists of the carrying value of buildings and land. These properties were sold on January 31, 2017. The following table summarizes the allowance for doubtful accounts and the related provision for resident receivables: Year Ended December 31, 2017 2016 2015 Balance, beginning of period $ 976 $ 509 $ 190 Provision for bad debt 2,228 2,150 2,105 Write-offs, net of recoveries (2,266 ) (1,683 ) (1,786 ) Balance, end of period $ 938 $ 976 $ 509 The provision for resident receivables and related write-offs are included in “Property operating expense” in the Consolidated Statements of Operations.

MORTGAGE NOTES PAYABLE, NET

MORTGAGE NOTES PAYABLE, NET	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
MORTGAGE NOTES PAYABLE, NET	MORTGAGE NOTES PAYABLE, NET December 31, 2017 December 31, 2016 Outstanding Face Amount Carrying Value (A) Maturity Date Stated Interest Rate Weighted Average Maturity (Years) Outstanding Face Amount Carrying Value (A) Managed Properties Fixed Rate $ 563,526 $ 560,182 Aug 2019 - Sep 2025 3.65% to 4.93% 6.5 $ 604,749 $ 601,232 Floating Rate (B) 640,880 636,166 Oct 2020 - May 2022 1M LIBOR + 2.20% to 1M LIBOR + 2.70% 4.1 717,254 710,672 Triple Net Lease Properties Fixed Rate (C) 669,656 660,646 Jan 2021 - Jan 2024 3.80% to 7.40% 4.3 683,137 667,579 Floating Rate 51,036 50,934 Apr 2018 3M LIBOR + 3.00% 0.3 151,634 150,904 Total $ 1,925,098 $ 1,907,928 4.8 $ 2,156,774 $ 2,130,387 (A) The totals are reported net of deferred financing costs of $ 17.2 million and $ 27.8 million as of December 31, 2017 and 2016 , respectively. (B) All of these loans have LIBOR caps that range between 3.30% and 3.80% as of December 31, 2017 . (C) Includes loans with an outstanding face amount of $ 336.8 million and $ 286.5 million , as of December 31, 2017 , for which we bought down the interest rates to 4.00% and 3.80% , respectively, through January 2019. The interest rates will increase to 4.99% and 4.55% , respectively, thereafter. We repaid $ 204.7 million and $ 13.7 million of debt during the years ended December 31, 2017 and 2016 , respectively, associated with our property sales, and recognized a loss on extinguishment of debt of $ 3.9 million and $ 0.2 million , respectively, which represents exit fees and the write-off of related unamortized deferred financing costs. In March 2015, we refinanced mortgage loans of $ 297.0 million and recognized a loss on extinguishment of debt of $ 5.1 million , which represents the write-off of related unamortized deferred financing costs, mortgage discounts, exit fees and other costs, as of the date of the refinancing. The carrying value of the collateral relating to fixed rate and floating rate mortgages was $ 1.5 billion and $ 0.8 billion as of December 31, 2017 and $ 1.6 billion and $ 1.0 billion as of December 31, 2016 , respectively. Our mortgage notes payable have contractual maturities as follows: Principal Payments Balloon Payments Total 2018 (A) $ 28,258 $ 50,740 $ 78,998 2019 28,862 95,345 124,207 2020 30,203 24,950 55,153 2021 29,050 311,518 340,568 2022 19,938 561,477 581,415 Thereafter 31,780 712,977 744,757 Total outstanding face amount $ 168,091 $ 1,757,007 $ 1,925,098 (A) In February 2018, we exercised an option to extend the balloon payment to April 2019. See Note 15 for additional information. Our mortgage notes payable contain various customary financial and other covenants, in some cases including Debt Service Coverage Ratio and Project Yield, as defined in the agreements. We were in compliance with the covenants in our mortgage notes payable agreements as of December 31, 2017 . The fair values of mortgage notes payable as of December 31, 2017 and 2016 was $ 1.9 billion and $ 2.1 billion , respectively. Mortgage notes payable are not measured at fair value in the Consolidated Balance Sheets. The fair value of mortgage notes payable, classified as level 3 within the fair value hierarchy, is based on a discounted cash flow valuation model. Significant inputs in the model include amounts and timing of expected future cash flows and market yields which are constructed based on inputs implied from similar debt offerings.

ACCRUED EXPENSES AND OTHER LIAB

ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER LIABILITIES	ACCRUED EXPENSES AND OTHER LIABILITIES December 31, 2017 December 31, 2016 Security deposits payable $ 46,291 $ 57,186 Escrow liabilities (A) 6,664 10,503 Accounts payable 9,794 10,137 Mortgage interest payable 6,297 6,671 Deferred community fees, net 4,612 5,257 Rent collected in advance 2,091 3,180 Property tax payable 3,331 3,877 Other liabilities 5,584 4,012 Total accrued expenses and other liabilities $ 84,664 $ 100,823 (A) Represents amounts held by lenders in tax, insurance, replacement reserve and other escrow accounts that are related to mortgage notes collateralized by New Senior’s triple net lease properties.

TRANSACTIONS WITH AFFILIATES

TRANSACTIONS WITH AFFILIATES	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
TRANSACTIONS WITH AFFILIATES	TRANSACTIONS WITH AFFILIATES Management Agreements In conjunction with the spin-off, New Senior entered into a management agreement (the “Management Agreement”) with the Manager dated November 6, 2014 (effective November 7, 2014), under which the Manager advises us on various aspects of our business and manages our day-to-day operations, subject to the supervision of our board of directors. For its management services, the Manager is entitled to a base management fee of 1.5% per annum of our gross equity. Gross equity is generally defined as the equity invested by Drive Shack (including cash contributed to us) as of the completion of the spin-off from Drive Shack, plus the aggregate offering price from stock offerings, plus certain capital contributions to subsidiaries, less capital distributions (calculated without regard to depreciation and amortization) and repurchases of common stock, calculated and payable monthly in arrears in cash. During the years ended December 31, 2017 , 2016 and 2015 , we incurred management fees of $ 15.3 million , $ 15.4 million and $ 14.3 million , respectively, under the Management Agreement, which is included in “Management fees and incentive compensation to affiliate” in the Consolidated Statements of Operations. As of both December 31, 2017 and 2016 , we had a payable for management fees of $ 1.3 million which is included in “Due to affiliates” in the Consolidated Balance Sheets. The Manager is entitled to receive, on a quarterly basis, incentive compensation on a cumulative, but not compounding basis, in an amount equal to the product of (A) 25% of the dollar amount by which (1)(a) funds from operations (as defined in the Management Agreement) before the incentive compensation per share of common stock, plus (b) gains (or losses) from sales of property per share of common stock, plus (c) internal and third party acquisition-related expenses, plus (d) unconsummated transaction expenses, and plus (e) other non-routine items (as defined in the Management Agreement), exceed (2) an amount equal to (a) the weighted average value per share of the equity invested by Drive Shack in the assets of New Senior (including cash contributed to us) as of the completion of the spin-off and the price per share of our common stock in any offerings by us (adjusted for prior capital dividends or capital distributions, which shall be calculated without regard to depreciation and amortization and repurchases of common stock) multiplied by (b) a simple interest rate of 10% per annum, multiplied by (B) the weighted average number of shares of common stock outstanding. During the years ended December 31, 2017 and 2016 , the Manager earned incentive compensation of $ 2.9 million and $ 2.7 million , respectively, which is included in “Management fees and incentive compensation to affiliate” in the Consolidated Statements of Operations. The Manager did not earn incentive compensation in 2015. As of December 31, 2016 , we had a payable for incentive compensation of $ 2.1 million which is included in “Due to affiliates” in the Consolidated Balance Sheets. We did not have a payable for incentive compensation as of December 31, 2017 . The Manager is also entitled to receive, upon the successful completion of an equity offering, options with respect to 10% of the number of shares sold in the offering with an exercise price equal to the price paid by the purchaser in the offering. Because the Manager’s employees perform certain legal, accounting, due diligence, asset management and other services that outside professionals or outside consultants otherwise would perform, the Manager is paid or reimbursed, pursuant to the Management Agreement, for the cost of performing such tasks, provided that such costs and reimbursements are no greater than those which would be paid to outside professionals or consultants on an arm’s-length basis. We are also required to pay all operating expenses, except those specifically required to be borne by the Manager under the Management Agreement. We are required to pay expenses that include, but are not limited to, issuance and transaction costs incidental to the sourcing, evaluation, acquisition, management, disposition, and financing of our investments, legal, underwriting, sourcing, asset management and accounting and auditing fees and expenses, the compensation and expenses of independent directors, the costs associated with the establishment and maintenance of any credit facilities and other indebtedness (including commitment fees, legal fees, closing costs, etc.), expenses associated with other securities offerings, the costs of printing and mailing proxies and reports to our stockholders, costs incurred by employees or agents of the Manager for travel on our behalf, costs associated with any computer software or hardware that is used by us, costs to obtain liability insurance to indemnify directors and officers and the compensation and expenses of our transfer agent. The following table summarizes our reimbursement to the Manager for costs incurred for tasks and other services performed by the Manager under the Management Agreement: Year Ended December 31, 2017 2016 2015 Included in: General and administrative expense $ 7,570 $ 8,158 $ 6,607 Acquisition, transaction and integration expense 1,697 1,610 3,073 Total reimbursements to the Manager $ 9,267 $ 9,768 $ 9,680 As of December 31, 2017 and 2016 , we had a payable for Manager reimbursements of $ 1.3 million and $ 1.0 million , respectively, which is included in “Due to affiliates” in the Consolidated Balance Sheets. During 2015, we executed a plan to centralize operations in New York, New York and relocate certain personnel from the Plano, Texas office to New York, New York. We determined that this plan qualified as a restructuring activity under ASC 420. During the years ended December 31, 2016 and 2015 , we incurred costs of $ 0.1 million and $ 0.7 million , respectively, which primarily consist of severance-related costs and lease-related expenses associated with the office in Plano, Texas, and are included in “Other expense” in the Consolidated Statements of Operations. Property Management Agreements Within our Managed Properties segment, we are party to Property Management Agreements with Blue Harbor, an affiliate of Fortress, and Holiday, a portfolio company that is majority owned by a private equity fund managed by an affiliate of Fortress, to manage most of our senior housing properties. Pursuant to these Property Management Agreements, we pay monthly property management fees. For AL/MC properties managed by Blue Harbor and Holiday, we pay management fees equal to 6% of effective gross income for the first two years and 7% thereafter. For IL properties managed by Blue Harbor and Holiday, we generally pay management fees equal to 5% of effective gross income. For certain property management agreements, we may also pay an incentive fee based on operating performance of the properties. No incentive fees were incurred during the years ended December 31, 2017 , 2016 and 2015 . Property management fees are included in “Property operating expense” in the Consolidated Statements of Operations. Other amounts paid to affiliated managers that are included in property operating expense are payroll expense and travel reimbursement costs. The payroll expense is structured as a reimbursement to the Property Manager, who is the employer of record. The following table summarizes property management fees and reimbursements paid to Property Managers affiliated with Fortress: Year Ended December 31, 2017 2016 2015 Property management fees $ 18,296 $ 19,724 $ 16,167 Travel reimbursement costs 304 366 369 Property-level payroll expenses 92,167 104,180 85,477 As of December 31, 2017 and 2016 , we had payables for property management fees of $ 1.4 million and $ 1.7 million , respectively, and property-level payroll expenses of $ 5.6 million and $ 5.5 million , respectively, which are included in “Due to affiliates” in the Consolidated Balance Sheets. The Property Management Agreements with affiliated managers have initial terms of 5 or 10 years and provide for automatic one -year extensions after the initial term, subject to termination rights. In October 2016, we sold two properties and, pursuant to the Property Management Agreement, paid an early termination fee of $ 1.8 million to Blue Harbor. See Note 3 for further information. Triple Net Lease Agreements Within our Triple Net Lease segment, we are party to triple net leases with Holiday. Pursuant to the leases, the tenant is required to pay monthly rent payments in accordance with the lease terms. Such payments amounted to $ 74.2 million , $ 71.0 million and $ 68.0 million for the years ended December 31, 2017 , 2016 and 2015 , respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES New Senior is organized and conducts its operations to qualify as a REIT under the requirements of the Code. However, certain of our activities are conducted through our TRS and therefore are subject to federal and state income taxes at regular corporate tax rates. The Tax Cuts and Jobs Act On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”) was signed into law. The Act includes a number of significant changes to existing U.S. corporate income tax laws, most notably a reduction of the U.S. corporate income tax rate from 35 percent to 21 percent, effective January 1, 2018. We measure deferred tax assets using enacted tax rates that will apply in the years in which the temporary differences are expected to be recovered or paid. Accordingly, our deferred tax assets were remeasured to reflect the reduction in the U.S. corporate income tax rate, resulting in a non-recurring $ 3.0 million increase in income tax expense for the year ended December 31, 2017 and a corresponding decrease of the same amount in our deferred tax assets as of December 31, 2017 . The following table presents the provision (benefit) for income taxes: Year Ended December 31, 2017 2016 2015 Current Federal $ (10 ) $ 16 $ 26 State and local 337 326 84 Total current provision 327 342 110 Deferred Federal 3,376 89 (3,576 ) State and local (191 ) 8 (189 ) Total deferred provision 3,185 97 (3,765 ) Total provision (benefit) for income taxes $ 3,512 $ 439 $ (3,655 ) Generally, our effective tax rate differs from the federal statutory rate as a result of state and local taxes and non-taxable REIT income. The table below provides a reconciliation of our provision for income taxes, based on the statutory rate of 35% , to the effective tax rate. Year Ended December 31, 2017 2016 2015 Statutory U.S. federal income tax rate 35.00 % 35.00 % 35.00 % Non-taxable REIT (loss) (32.19 )% (35.16 )% (30.87 )% State and local taxes 0.61 % (0.39 )% 0.16 % Change in federal tax rate 18.87 % — % — % Other 0.06 % (0.06 )% (0.06 )% Effective income tax rate 22.35 % (0.61 )% 4.23 % The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and deferred tax liabilities are presented below: December 31, 2017 2016 Deferred tax assets: Prepaid fees and rent $ 790 $ 1,816 Net operating loss 4,050 4,386 Deferred rent 949 3,129 Tax credits 42 42 Other 99 113 Total deferred tax assets 5,930 9,486 Less valuation allowance — — Net deferred tax assets 5,930 9,486 Deferred tax liabilities: Depreciation and amortization 455 826 Total deferred tax liabilities 455 826 Total net deferred tax assets $ 5,475 $ 8,660 Net deferred tax assets are included within “Receivables and other assets, net” in the Consolidated Balance Sheets. As of December 31, 2017 , our TRS had a loss carryforward of approximately $ 15.8 million for federal and state income tax purposes, which will begin to expire in 2034 . The net operating loss carryforward can generally be used to offset future taxable income, if and when it arises. In assessing the recoverability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income by the TRS during the periods in which temporary differences become deductible and before the net operating loss carryforward expires. We have not recorded a valuation allowance against our deferred tax assets as of December 31, 2017 as management believes that it is more likely than not that our deferred tax assets will be realized. New Senior and our TRS file income tax returns with the U.S. federal government and various state and local jurisdictions. Generally, we are no longer subject to tax examinations by tax authorities for tax years ended prior to December 31, 2014. The examination of our TRS federal income tax return for the year ended December 31, 2013 was completed and is no longer subject to examination. The conclusion of the examination resulted in a minimal reduction to the TRS’s net operating loss carryforward. We have assessed our tax positions for all open years and concluded that there are no material uncertainties to be recognized. As of December 31, 2017 , we do not believe that there will be a significant change to uncertain tax positions during the next 12 months.

EQUITY AND EARNINGS PER SHARE

EQUITY AND EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
EQUITY AND EARNINGS PER SHARE	EQUITY AND EARNINGS PER SHARE Equity and Dividends During the years ended December 31, 2017 , 2016 and 2015 , we declared dividends per common share of $1.04 , $1.04 and $0.75 , respectively. During 2017, we issued an aggregate of 21,622 shares of our common stock to independent directors as compensation. As of December 31, 2017 , approximately 1.3 million shares of our common stock were held by Fortress, through its affiliates, and its principals. Option Plan Effective upon the spin-off, we have a Nonqualified Stock Option and Incentive Award Plan (the “Plan”) which provides for the grant of equity-based awards, including restricted stock, stock options, stock appreciation rights, performance awards, tandem awards and other equity-based and non-equity based awards, in each case to the Manager and to the directors, officers, employees, service providers, consultants and advisors of the Manager who perform services for New Senior and to New Senior’s directors, officers, service providers, consultants and advisors. New Senior has initially reserved 30 million shares of its common stock for issuance under the Plan; on the first day of each fiscal year beginning during the ten -year term of the Plan in and after calendar year 2014, that number will be increased by a number of shares of New Senior’s common stock equal to 10% of the number of shares of common stock newly issued by New Senior during the immediately preceding fiscal year. New Senior’s board of directors may also determine to issue options to the Manager that are not subject to the Plan, provided that the number of shares underlying any options granted to the Manager in connection with capital raising efforts would not exceed 10% of the shares sold in such offering and would be subject to NYSE rules. Prior to the spin-off, Drive Shack had issued rights relating to shares of Drive Shack’s common stock (the “Drive Shack options”) to the Manager in connection with capital raising activities. In connection with the spin-off, 5.5 million options that were held by the Manager, or by the directors, officers or employees of the Manager, were converted into an adjusted Drive Shack option and a right relating to a number of shares of New Senior common stock (the “New Senior option”). The exercise price of each adjusted Drive Shack option and New Senior option was set to collectively maintain the intrinsic value of the Drive Shack option immediately prior to the spin-off and to maintain the ratio of the exercise price of the adjusted Drive Shack option and the New Senior option, respectively, to the fair market value of the underlying shares as of the spin-off date, in each case based on the five day average closing price subsequent to the spin-off date. The options expired or expire, as applicable, between January 12, 2015 and August 18, 2024 . 2017 Activity In the first quarter of 2017, strike prices for outstanding options were reduced by $ 0.97 , reflecting the portion of our 2016 dividends which were deemed return of capital. 2016 Activity In the first quarter of 2016, strike prices for outstanding options were reduced by $0.98 , reflecting the portion of our 2015 dividends which were deemed return of capital. In March 2016, we granted options to a new director relating to 5,000 shares of common stock, the grant date fair value of which was not material. Our outstanding options are summarized as follows: Options Outstanding at December 31, 2016 2017 Activity Options Outstanding at December 31, 2017 Expired Reverted to Manager Held by the Manager 6,578,114 (110,029 ) 266,657 6,734,742 Issued to the Manager and subsequently transferred to certain of the Manager’s employees 675,240 (6,301 ) (266,657 ) 402,282 Issued to the independent directors 25,000 — — 25,000 Total outstanding options 7,278,354 (116,330 ) — 7,162,024 The following table summarizes our outstanding options as of December 31, 2017 . The last sale price on the NYSE for our common stock in the year ended December 31, 2017 was $ 7.56 per share. Recipient Date of Grant (A) Options Outstanding and Exercisable Weighted Average Exercise Price (B) Intrinsic Value (millions) Manager March 2011 182,527 $ 5.23 $ 0.4 Manager September 2011 283,305 2.14 1.5 Manager April 2012 257,660 5.71 0.5 Manager May 2012 312,026 6.80 0.2 Manager July 2012 346,343 6.76 0.3 Manager January 2013 958,331 12.47 — Manager February 2013 383,331 14.90 — Manager June 2013 670,829 15.94 — Manager November 2013 965,847 17.28 — Manager August 2014 765,416 18.94 — Directors November 2014 20,000 15.26 — Manager (C) June 2015 2,011,409 11.80 — Directors March 2016 5,000 9.15 — Total 7,162,024 Aggregate: Weighted average exercise price $ 12.72 Weighted average remaining life (years) 5.9 Intrinsic value (millions) $ 2.9 (A) Options expire on the tenth anniversary from date of grant. (B) The strike prices are subject to adjustment in connection with return of capital dividends. (C) Includes 402,282 options that the Manager assigned to Fortress employees. Earnings Per Share Basic EPS is calculated by dividing net income (loss) by the weighted average number of shares of common stock outstanding. Diluted EPS is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding plus the additional dilutive effect, if any, of common stock equivalents during each period. Our common stock equivalents are our outstanding stock options. The following table presents the amounts used in computing our basic EPS and diluted EPS: Year Ended December 31, 2017 2016 2015 Numerator Net income (loss) applicable to common shares $ 12,208 $ (72,249 ) $ (82,425 ) Denominator Basic weighted average shares of common stock 82,145,295 82,357,349 76,601,161 Stock options (A) 596,027 — — Diluted weighted average shares of common stock 82,741,322 82,357,349 76,601,161 Basic earnings per common share $ 0.15 $ (0.88 ) $ (1.08 ) Diluted earnings per common share $ 0.15 $ (0.88 ) $ (1.08 ) (A) During the years ended December 31, 2016 and 2015 , 539,783 and 635,624 potentially dilutive shares, respectively, were excluded given our loss position, so basic EPS and diluted EPS were the same for each reporting period.

CONCENTRATION OF CREDIT RISK

CONCENTRATION OF CREDIT RISK	12 Months Ended
	Dec. 31, 2017
Risks and Uncertainties [Abstract]
CONCENTRATION OF CREDIT RISK	The following table presents our managed properties and triple net lease properties as a percentage of total real estate investments (based on their carrying amount): December 31, 2017 2016 2015 Holiday - Managed Properties 44.4 % 46.8 % 46.8 % Holiday - Triple Net Lease Properties 36.8 % 32.7 % 32.1 % Blue Harbor 10.3 % 10.5 % 10.5 % Other 8.5 % 10.0 % 10.6 % Managed Properties The following table presents the properties managed by Holiday and Blue Harbor as a percentage of segment real estate investments, net, segment revenue and segment NOI: As of and for the year ended December 31, 2017 2016 2015 Holiday Blue Harbor Holiday Blue Harbor Holiday Blue Harbor Segment real estate investments, net 73.1 % 16.9 % 78.2 % 17.5 % 77.9 % 17.5 % Segment revenue 63.7 % 28.3 % 65.9 % 29.6 % 57.7 % 38.8 % Segment NOI 73.4 % 21.9 % 72.3 % 24.2 % 62.2 % 34.4 % Because Holiday and Blue Harbor manage, but do not lease our properties in the Managed Properties segment, we are not directly exposed to their credit risk in the same manner or to the same extent as that of our triple net lease tenants. However, we rely on Holiday and Blue Harbor’s personnel, expertise, accounting resources and information systems, proprietary information, good faith and judgment to manage our properties efficiently and effectively. We also rely on Holiday and Blue Harbor to otherwise operate our properties in compliance with the terms of the Property Management Agreements, although we have various rights as the property owner to terminate and exercise remedies under the Property Management Agreements. Holiday’s and Blue Harbor ’ s inability or unwillingness to satisfy their obligations under those agreements, to efficiently and effectively manage our properties, or to provide timely and accurate accounting information could have a material adverse effect on us. Additionally, significant changes in Holiday’s and Blue Harbor ’ s senior management or adverse developments in their business and affairs or financial condition could have a material adverse effect on us. Triple Net Lease Properties The following table presents rental revenue in our triple net lease agreements with the tenant for the Holiday Portfolios as a percentage of our total revenue and total NOI: Year Ended December 31, 2017 2016 2015 Total revenue 19.9 % 18.9 % 23.0 % Total NOI 40.7 % 38.9 % 45.0 % Pursuant to the triple net lease arrangements, the tenants are contractually obligated to pay for all property-related expenses, including maintenance, utilities, taxes, insurance, repairs, capital improvements and the payroll expense of property-level employees. If any tenant defaults under the lease, material adverse effects may include loss in revenues and funding of certain property related costs. In addition, each of the leases requires the tenant to comply with the terms of mortgage financing documents, if any, affecting the properties and has guaranty and cross default provisions tied to other leases with the same tenant. Because the properties leased to the tenant for the Holiday Portfolios account for a significant portion of total revenues and NOI, our financial condition and results of operations could be weakened and our ability to service our indebtedness and to make distributions to stockholders could be limited if the tenant for the Holiday Portfolios becomes unable or unwilling to satisfy its obligations to us or to renew leases with us upon expiration of the terms thereof. We cannot assure that the tenant for the Holiday Portfolios will have sufficient assets, income and access to financing to enable it to satisfy its respective obligations to us, and any inability or unwillingness by the tenant for the Holiday Portfolios to do so could have a material adverse effect on our business, financial condition, results of operations and liquidity, our ability to service our indebtedness and other obligations and ability to make distributions to stockholders, as required for us to continue to qualify as a REIT. We also cannot assure that the tenant for the Holiday Portfolios will elect to renew leases with us upon expiration of the terms thereof or that we will be able to reposition any properties that are not renewed on a timely basis or on the same or better economic terms, if at all. We monitor the creditworthiness of our tenants by evaluating the ability of the tenants to meet their lease obligations to us based on the tenants’ financial performance, including the evaluation of tenant lease obligations. We periodically obtain various financial and operational information and review this information in conjunction with contractually agreed coverage metrics to monitor the financial condition and performance of the tenants, and ultimately, the tenants’ ability to generate sufficient liquidity to meet their obligations under the leases. Each triple net master lease includes (i) a covenant requiring the tenant for the Holiday Portfolios to maintain a minimum lease coverage ratio, which the triple net master lease defines as net operating income less a reserve for capital expenditures for the applicable trailing 12 -month period for the Holiday Portfolios divided by the base rental revenue for such trailing 12 -month period, which steps up during the term of the lease and is subject to certain cure provisions, (ii) minimum capital expenditure requirements, (iii) customary operating covenants, events of default, and remedies, (iv) a non-compete clause restricting certain affiliates of the tenant for the Holiday Portfolios from developing or constructing new independent living properties within a specified radius of any property acquired by us in this transaction, and (v) restrictions on a change of control of the tenant for the Holiday Portfolios and Guarantor (as defined below), subject to certain exceptions. The triple net master leases also require the tenant for the Holiday Portfolios to fund a security deposit in the amount of approximately $ 43.4 million , which serves as security for the tenant for the Holiday Portfolios’ performance of its obligations to us. Additionally, the tenant for the Holiday Portfolios granted us a first priority security interest in certain personal property and receivables arising from the operations of the Holiday Portfolios, which security interest also secures the tenant for the Holiday Portfolios’ obligations under the triple net master leases. The tenant for the Holiday Portfolios’ obligations to us under the triple net master leases are further guaranteed by Holiday AL Holdings LP, (the “Guarantor”), an affiliate of Fortress. The Guarantor is required to maintain a minimum net worth of $ 150.0 million , a minimum fixed charge coverage ratio of 1.10 and a maximum leverage ratio of 10 to 1 . The minimum fixed charge coverage ratio and other financial covenants applicable to the Guarantor are not subject to a cure. A failure to comply with the covenants could give rise to an event of default under the applicable financings, which could have a material adverse effect on our financial position, cash flows, results of operations and liquidity.

FUTURE MINIMUM RENTS

FUTURE MINIMUM RENTS	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
FUTURE MINIMUM RENTS	FUTURE MINIMUM RENTS The following table sets forth future contracted minimum rents from tenants within the Triple Net Lease Properties segment, excluding contingent payment escalations, as of December 31, 2017 : Years Ending December 31 2018 $ 82,398 2019 85,240 2020 88,180 2021 91,222 2022 94,370 Thereafter 887,592 Total future minimum rents $ 1,329,002

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES As of December 31, 2017 , management believes there are no material contingencies that would affect our results of operations, cash flows or financial position. Certain Obligations, Liabilities and Litigation We are and may become subject to various obligations, liabilities, investigations, inquiries and litigation assumed in connection with or arising from our on-going business, as well as acquisitions, sales, leasing and other activities. These obligations and liabilities (including the costs associated with investigations, inquiries and litigation) may be greater than expected or may not be known in advance. Any such obligations or liabilities could have a material adverse effect on our financial position, cash flows and results of operations, particularly if we are not entitled to indemnification, or if a responsible third party fails to indemnify us. Certain Tax-Related Covenants If we are treated as a successor to Drive Shack under applicable U.S. federal income tax rules, and if Drive Shack failed to qualify as a REIT for a taxable year ending on or before December 31, 2015, we could be prohibited from electing to be a REIT. Accordingly, in the separation and distribution agreement entered into to effect our spin-off from Drive Shack (“Separation and Distribution Agreement”), Drive Shack (i) represented that it had no knowledge of any fact or circumstance that would cause us to fail to qualify as a REIT, (ii) covenanted to use commercially reasonable efforts to cooperate with New Senior as necessary to enable us to qualify for taxation as a REIT and receive customary legal opinions concerning REIT status, including providing information and representations to us and our tax counsel with respect to the composition of Drive Shack’s income and assets, the composition of its stockholders and its operation as a REIT, and (iii) covenanted to use its reasonable best efforts to maintain its REIT status for each of Drive Shack’s taxable years ending on or before December 31, 2015 (unless Drive Shack obtains an opinion from a nationally recognized tax counsel or a private letter ruling from the Internal Revenue Service (“IRS”) to the effect that Drive Shack’s failure to maintain its REIT status will not cause us to fail to qualify as a REIT under the successor REIT rule referred to above). Proceedings Indemnified and Defended by Third Parties From time to time, we are party to certain legal actions, regulatory investigations and claims for which third parties are contractually obligated to indemnify, defend and hold us harmless. While we are presently not being defended by any tenant and other obligated third parties in these types of matters, there is no assurance that our tenants, their affiliates or other obligated third parties will continue to defend us in these matters, or that such parties will have sufficient assets, income and access to financing to enable them to satisfy their defense and indemnification obligations to us. Environmental Costs As a commercial real estate owner, we are subject to potential environmental costs. As of December 31, 2017 , management is not aware of any environmental concerns that would have a material adverse effect on our financial position or results of operations. Capital Improvement, Repair and Lease Commitments We have agreed to make $ 1.0 million available for capital improvements during the 15 year lease period to the triple net lease property under Watermark, none of which has been funded as of December 31, 2017 . Upon funding these capital improvements, we will be entitled to a rent increase.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS These consolidated financial statements include a discussion of material events, if any, which have occurred subsequent to December 31, 2017 (referred to as subsequent events) through the issuance of the consolidated financial statements. In February 2018, we exercised an option to extend a balloon payment of $ 50.7 million from April 2018 to April 2019. On February 22 , 2018, our board of directors declared a cash dividend on our common stock of $ 0.26 per common share for the quarter ended December 31, 2017 . The dividend is payable on March 22 , 2018 to shareholders of record on March 8 , 2018.

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)	QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 2017 Revenue $ 114,973 $ 114,286 $ 112,955 $ 106,916 $ 449,130 Net operating income 55,389 55,618 54,346 53,732 219,085 (Loss) income before income taxes (9,689 ) 3,268 (14,619 ) 36,760 15,720 Income tax expense (benefit) 206 147 (80 ) 3,239 3,512 Net (loss) income $ (9,895 ) $ 3,121 $ (14,539 ) $ 33,521 $ 12,208 Net (loss) income per share of common stock Basic $ (0.12 ) $ 0.04 $ (0.18 ) $ 0.41 $ 0.15 Diluted $ (0.12 ) $ 0.04 $ (0.18 ) $ 0.41 $ 0.15 Weighted average number of shares of common stock outstanding Basic 82,140,750 82,142,562 82,148,869 82,148,869 82,145,295 Diluted 82,140,750 82,778,761 82,148,869 82,632,232 82,741,322 2016 Revenue $ 117,945 $ 118,541 $ 118,457 $ 117,495 $ 472,438 Net operating income 57,320 57,935 57,103 57,053 229,411 Loss before income taxes (22,074 ) (27,883 ) (19,459 ) (2,394 ) (71,810 ) Income tax (benefit) expense (226 ) (525 ) 782 408 439 Net loss $ (21,848 ) $ (27,358 ) $ (20,241 ) $ (2,802 ) $ (72,249 ) Loss per share of common stock Basic and diluted $ (0.26 ) $ (0.33 ) $ (0.25 ) $ (0.03 ) $ (0.88 ) Weighted average number of shares of common stock outstanding Basic and diluted 83,066,599 82,114,218 82,126,397 82,127,247 82,357,349

SCHEDULE III, REAL ESTATE AND A

SCHEDULE III, REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III, REAL ESTATE AND ACCUMULATED DEPRECIATION	Location Initial Cost to the Company Gross Amount Carried at Close of Period Property Name Type City State Encumbrances Land Buildings and Improvements Furniture, Fixtures and Equipment Costs Capitalized Subsequent to Acquisition Land Buildings and Improvements Furniture, Fixtures and Equipment Total (A) Accumulated Depreciation Net Book Value Year Constructed / Renovated Year Acquired Life on Which Depreciation in Income Statement is Computed Managed Properties Andover Place IL Little Rock AR 13,995 629 14,664 783 285 629 14,785 947 16,361 (1,381 ) 14,980 1991/NA 2015 3-40 years Desert Flower AL/MC Scottsdale AZ 17,050 2,295 16,901 101 1,414 2,295 17,814 602 20,711 (2,933 ) 17,778 1999/2005 2012 3-40 years Arcadia Place IL Vista CA 16,575 1,569 14,252 804 436 1,569 14,414 1,078 17,061 (1,477 ) 15,584 1989/NA 2015 3-40 years Chateau at Harveston IL Temecula CA 24,964 1,564 27,532 838 161 1,564 27,620 911 30,095 (2,453 ) 27,642 2008/NA 2015 3-40 years Golden Oaks IL Yucaipa CA 22,454 772 24,989 867 324 772 25,118 1,062 26,952 (2,415 ) 24,537 2008/NA 2015 3-40 years Orchard Park AL/MC Clovis CA 15,957 1,126 16,889 45 702 1,126 17,351 285 18,762 (2,816 ) 15,946 1998/2007 2012 3-40 years Rancho Village IL Palmdale CA 18,429 323 22,341 882 365 323 22,410 1,178 23,911 (2,270 ) 21,641 2008/NA 2015 3-40 years Sunshine Villa AL/MC Santa Cruz CA 20,661 2,243 21,082 58 795 2,243 21,498 437 24,178 (3,476 ) 20,702 1990/NA 2012 3-40 years The Remington IL Hanford CA 13,628 1,300 16,003 825 415 1,300 16,123 1,120 18,543 (1,561 ) 16,982 1997/NA 2015 3-40 years The Springs of Escondido IL Escondido CA 15,375 670 14,392 721 1,491 670 15,168 1,436 17,274 (1,502 ) 15,772 1986/NA 2015 3-40 years The Springs of Napa IL Napa CA 15,408 2,420 11,978 700 209 2,420 12,008 879 15,307 (1,306 ) 14,001 1996/NA 2015 3-40 years Quincy Place IL Denver CO 16,435 1,180 18,200 825 491 1,180 18,340 1,176 20,696 (1,659 ) 19,037 1996/NA 2015 3-40 years Augustine Landing IL Jacksonville FL 19,076 680 19,635 770 240 680 19,761 884 21,325 (1,679 ) 19,646 1999/NA 2015 3-40 years Barkley Place AL/MC Fort Myers FL 11,254 1,929 9,158 1,040 576 1,929 9,887 887 12,703 (2,205 ) 10,498 1988/NA 2013 3-40 years Grace Manor AL/MC Port Orange FL 4,146 950 4,482 135 152 950 4,560 209 5,719 (459 ) 5,260 2011/NA 2015 3-40 years Marion Woods IL Ocala FL 19,936 540 20,048 882 557 540 20,198 1,289 22,027 (1,941 ) 20,086 2003/NA 2015 3-40 years Royal Palm AL/MC Port Charlotte FL 14,173 2,019 13,696 1,370 2,055 2,019 14,686 2,435 19,140 (3,476 ) 15,664 1985/NA 2013 3-40 years Sterling Court IL Deltona FL 9,249 1,095 13,960 954 259 1,095 14,101 1,072 16,268 (1,726 ) 14,542 2008/NA 2015 3-40 years Summerfield AL/MC Bradenton FL 12,281 1,367 14,361 1,247 1,113 1,367 14,676 2,045 18,088 (3,471 ) 14,617 1988/NA 2013 3-40 years Sunset Lake Village AL/MC Venice FL 9,931 1,073 13,254 838 745 1,073 13,362 1,475 15,910 (2,592 ) 13,318 1998/NA 2013 3-40 years University Pines IL Pensacola FL 21,057 1,080 19,150 777 241 1,080 19,299 869 21,248 (1,642 ) 19,606 1996/NA 2015 3-40 years Venetian Gardens IL Venice FL 16,360 865 21,173 860 356 865 21,269 1,120 23,254 (2,227 ) 21,027 2007/NA 2015 3-40 years Village Place AL/MC Port Charlotte FL 8,262 1,064 8,503 679 742 1,064 8,604 1,320 10,988 (1,977 ) 9,011 1998/NA 2013 3-40 years Windward Palms IL Boynton Beach FL 16,597 1,564 20,097 867 672 1,564 20,349 1,287 23,200 (2,180 ) 21,020 2007/NA 2015 3-40 years Ivy Springs Manor AL/MC Buford GA 13,704 1,230 13,067 270 223 1,230 13,165 395 14,790 (1,171 ) 13,619 2012/NA 2015 3-40 years Pinegate IL Macon GA 12,902 540 12,290 811 257 540 12,403 955 13,898 (1,282 ) 12,616 2001/NA 2015 3-40 years Kalama Heights IL Kihei HI 22,896 3,360 27,212 846 512 3,360 27,422 1,148 31,930 (2,384 ) 29,546 2000/NA 2015 3-40 years Willow Park AL/MC Boise ID 13,308 1,456 13,548 58 554 1,456 13,948 212 15,616 (2,381 ) 13,235 1997/2011 2012 3-40 years Grandview AL/MC Peoria IL 11,358 1,606 12,015 280 337 1,606 12,192 440 14,238 (1,258 ) 12,980 2014 2014 3-40 years Redbud Hills IL Bloomington IN 16,500 2,140 17,839 797 226 2,140 17,945 917 21,002 (1,613 ) 19,389 1998/NA 2015 3-40 years Greenwood Terrace IL Lenexa KS 19,643 950 21,883 811 1,042 950 22,022 1,714 24,686 (2,117 ) 22,569 2003/NA 2015 3-40 years Waterview Court IL Shreveport LA 6,449 1,267 4,070 376 783 1,267 4,605 624 6,496 (910 ) 5,586 1999/NA 2015 3-40 years Bluebird Estates IL East Longmeadow MA 21,812 5,745 24,591 954 184 5,745 24,694 1,035 31,474 (2,629 ) 28,845 2008/NA 2015 3-40 years Quail Run Estates IL Agawam MA 18,799 1,410 21,330 853 547 1,410 21,550 1,180 24,140 (2,139 ) 22,001 1996/NA 2015 3-40 years Location Initial Cost to the Company Gross Amount Carried at Close of Period Property Name Type City State Encumbrances Land Buildings and Improvements Furniture, Fixtures and Equipment Costs Capitalized Subsequent to Acquisition Land Buildings and Improvements Furniture, Fixtures and Equipment Total (A) Accumulated Depreciation Net Book Value Year Constructed / Renovated Year Acquired Life on Which Depreciation in Income Statement is Computed Genesee Gardens IL Flint Township MI 15,900 420 17,080 825 439 420 17,356 988 18,764 (1,574 ) 17,190 2001/NA 2015 3-40 years The Gardens AL/MC Ocean Springs MS 6,109 850 7,034 460 446 850 7,247 693 8,790 (1,153 ) 7,637 1999/2004/2013 2014 3-40 years Aspen View IL Billings MT 14,110 930 22,611 881 146 930 22,784 854 24,568 (2,001 ) 22,567 1996/NA 2015 3-40 years Cedar Ridge IL Burlington NC 15,637 1,030 20,330 832 259 1,030 20,391 1,030 22,451 (1,718 ) 20,733 2006/NA 2015 3-40 years Courtyards at Berne Village AL/MC New Bern NC 14,958 1,657 12,893 1,148 865 1,657 13,254 1,652 16,563 (3,023 ) 13,540 1985/2004 2013 3-40 years Crescent Heights IL Concord NC 21,022 1,960 21,290 867 224 1,960 21,378 1,003 24,341 (2,267 ) 22,074 2008/NA 2015 3-40 years Forsyth Court IL Winston Salem NC 13,274 1,428 13,286 499 943 1,428 13,730 998 16,156 (1,562 ) 14,594 1989/NA 2015 3-40 years Lodge at Wake Forest IL Wake Forest NC 22,538 1,209 22,571 867 282 1,209 22,672 1,048 24,929 (2,265 ) 22,664 2008/NA 2015 3-40 years Shads Landing IL Charlotte NC 21,733 1,939 21,988 846 195 1,939 22,086 943 24,968 (2,371 ) 22,597 2008/NA 2015 3-40 years Woods at Holly Tree IL Wilmington NC 27,383 3,310 24,934 811 432 3,310 25,014 1,163 29,487 (2,170 ) 27,317 2001/NA 2015 3-40 years Rolling Hills Ranch IL Omaha NE 14,296 1,022 16,251 846 191 1,022 16,359 929 18,310 (1,825 ) 16,485 2007/NA 2015 3-40 years Kirkwood Corners AL/MC Lee NH 2,459 578 1,847 124 319 578 2,012 278 2,868 (429 ) 2,439 1996 2014 3-40 years Maple Suites IL Dover NH 24,895 1,084 30,943 838 274 1,084 31,059 996 33,139 (3,116 ) 30,023 2007/NA 2015 3-40 years Pine Rock Manor AL/MC Warner NH 8,074 780 8,580 378 395 780 8,784 569 10,133 (1,467 ) 8,666 1994 2014 3-40 years Pines of New Market AL/MC Newmarket NH 5,876 629 4,879 353 353 629 5,107 478 6,214 (853 ) 5,361 1999 2014 3-40 years Montara Meadows IL Las Vegas NV 11,670 1,840 11,654 1,206 1,250 1,840 12,160 1,950 15,950 (1,787 ) 14,163 1986/NA 2015 3-40 years Manor at Woodside IL Poughkeepsie NY 17,150 — 12,130 670 799 — 12,659 940 13,599 (2,418 ) 11,181 2001/NA 2013 3-40 years Alexis Gardens IL Toledo OH 17,384 450 18,412 811 310 450 18,537 996 19,983 (1,676 ) 18,307 2002/NA 2015 3-40 years Copley Place IL Copley OH 15,308 553 19,125 867 192 553 19,236 948 20,737 (2,009 ) 18,728 2008/NA 2015 3-40 years Laurelwood AL/MC Dayton OH 6,815 1,056 7,755 750 747 1,056 7,927 1,325 10,308 (1,795 ) 8,513 1994/NA 2014 3-40 years Lionwood IL Oklahoma City OK 4,523 744 5,180 383 588 744 5,430 721 6,895 (794 ) 6,101 2000/NA 2015 3-40 years Parkrose Chateau IL Portland OR 12,569 2,741 17,472 749 372 2,741 17,676 917 21,334 (1,613 ) 19,721 1991/NA 2015 3-40 years Sheldon Park AL/MC Eugene OR 19,158 929 20,662 91 777 929 21,265 265 22,459 (3,380 ) 19,079 1998/NA 2012 3-40 years Stone Lodge IL Bend OR 19,675 1,200 25,753 790 286 1,200 25,860 969 28,029 (2,056 ) 25,973 1999/NA 2015 3-40 years Glen Riddle AL/MC Media PA 19,753 1,932 16,169 870 835 1,932 16,599 1,275 19,806 (3,017 ) 16,789 1995/NA 2013 3-40 years Niagara Village IL Erie PA 12,845 750 16,544 790 679 750 16,649 1,364 18,763 (1,571 ) 17,192 1999/NA 2015 3-40 years Schenley Gardens AL/MC Pittsburgh PA 6,420 3,227 11,521 410 1,113 3,227 12,165 879 16,271 (2,245 ) 14,026 1996/NA 2013 3-40 years Indigo Pines IL Hilton Head SC 15,334 2,850 15,970 832 1,130 2,850 16,088 1,844 20,782 (1,671 ) 19,111 1999/NA 2015 3-40 years Holiday Hills Estates IL Rapid City SD 12,063 430 22,209 790 228 430 22,306 921 23,657 (1,815 ) 21,842 1999/NA 2015 3-40 years Echo Ridge IL Knoxville TN 20,910 1,522 21,469 770 204 1,522 21,577 866 23,965 (1,868 ) 22,097 1997/NA 2015 3-40 years Maple Court AL/MC Powell TN 3,674 761 6,482 305 113 761 6,490 410 7,661 (866 ) 6,795 2013 2014 3-40 years Raintree Terrace AL/MC Knoxville TN 7,338 643 8,643 490 468 643 8,776 825 10,244 (1,492 ) 8,752 2012 2014 3-40 years Courtyards at River Park AL/MC Fort Worth TX 20,518 2,140 16,671 672 1,660 2,140 17,639 1,364 21,143 (3,554 ) 17,589 1986/NA 2012 3-40 years Cypress Woods IL Kingwood TX 17,580 1,376 19,815 860 281 1,376 19,947 1,009 22,332 (2,099 ) 20,233 2008/NA 2015 3-40 years Location Initial Cost to the Company Gross Amount Carried at Close of Period Property Name Type City State Encumbrances Land Buildings and Improvements Furniture, Fixtures and Equipment Costs Capitalized Subsequent to Acquisition Land Buildings and Improvements Furniture, Fixtures and Equipment Total (A) Accumulated Depreciation Net Book Value Year Constructed / Renovated Year Acquired Life on Which Depreciation in Income Statement is Computed Legacy at Bear Creek AL/MC Keller TX 11,375 1,770 11,468 810 190 1,770 11,528 940 14,238 (1,099 ) 13,139 2013/NA 2015 3-40 years Legacy at Georgetown AL/MC Georgetown TX 14,625 3,540 14,653 840 100 3,540 14,700 893 19,133 (1,320 ) 17,813 2013/NA 2015 3-40 years Windsor AL/MC Dallas TX 21,453 5,580 31,306 1,250 1,493 5,580 32,088 1,961 39,629 (3,866 ) 35,763 1972/2009 2014 3-40 years Canyon Creek AL/MC Cottonwood Heights UT 15,776 1,488 16,308 59 1,028 1,488 16,847 548 18,883 (2,772 ) 16,111 2001/NA 2012 3-40 years Chateau Brickyard IL Salt Lake City UT 6,518 700 3,297 15 1,072 700 4,041 343 5,084 (957 ) 4,127 1984/2007 2012 3-40 years Golden Living AL/MC Taylorsville UT 7,363 1,111 3,126 39 984 1,111 3,765 384 5,260 (909 ) 4,351 1976/1994 2012 3-40 years Heritage Place AL/MC Bountiful UT 13,797 570 9,558 50 1,346 570 10,464 490 11,524 (2,111 ) 9,413 1978/2000 2012 3-40 years Olympus Ranch IL Murray UT 18,657 1,407 20,515 846 278 1,407 20,695 944 23,046 (2,018 ) 21,028 2008/NA 2015 3-40 years Elm Park Estates IL Roanoke VA 13,582 990 15,648 770 319 990 15,737 1,000 17,727 (1,449 ) 16,278 1991/NA 2015 3-40 years Heritage Oaks IL Richmond VA 11,407 1,630 9,570 705 790 1,630 9,945 1,120 12,695 (2,124 ) 10,571 1987/NA 2013 3-40 years Bridge Park IL Seattle WA 15,694 2,315 18,607 1,135 265 2,315 18,708 1,299 22,322 (2,075 ) 20,247 2008/NA 2015 3-40 years Peninsula IL Gig Harbor WA 21,190 2,085 21,983 846 121 2,085 22,059 891 25,035 (2,125 ) 22,910 2008/NA 2015 3-40 years The Jefferson IL Middleton WI 13,394 1,460 15,540 804 222 1,460 15,628 938 18,026 (1,466 ) 16,560 2005/NA 2015 3-40 years Managed Properties Total 1,204,406 118,637 1,296,317 55,774 45,464 118,637 1,317,771 79,784 1,516,192 (158,519 ) 1,357,673 Triple Net Lease Vista de la Montana IL Surprise AZ 9,124 1,131 11,077 635 — 1,131 11,077 635 12,843 (1,674 ) 11,169 1998/NA 2013 3-40 years Simi Hills IL Simi Valley CA 18,626 3,209 21,999 730 — 3,209 21,999 730 25,938 (2,855 ) 23,083 2006/NA 2013 3-40 years The Westmont IL Santa Clara CA 13,359 — 18,049 754 — — 18,049 754 18,803 (2,530 ) 16,273 1991/NA 2013 3-40 years Courtyard at Lakewood IL Lakewood CO 11,400 1,327 14,198 350 — 1,327 14,198 350 15,875 (1,782 ) 14,093 1992/NA 2013 3-40 years Greeley Place IL Greeley CO 10,550 237 13,859 596 — 237 13,859 596 14,692 (1,898 ) 12,794 1986/NA 2013 3-40 years Parkwood Estates IL Fort Collins CO 13,873 638 18,055 627 — 638 18,055 627 19,320 (2,355 ) 16,965 1987/NA 2013 3-40 years Pueblo Regent IL Pueblo CO 10,389 446 13,800 377 — 446 13,800 377 14,623 (1,703 ) 12,920 1985/NA 2013 3-40 years Lodge at Cold Spring IL Rocky Hill CT 18,765 — 25,807 605 — — 25,807 605 26,412 (3,132 ) 23,280 1998/NA 2013 3-40 years Village Gate IL Farmington CT 19,263 3,591 23,254 268 — 3,591 23,254 268 27,113 (2,567 ) 24,546 1989/NA 2013 3-40 years Cherry Laurel IL Tallahassee FL 15,960 1,100 20,457 668 — 1,100 20,457 668 22,225 (2,668 ) 19,557 2001/NA 2013 3-40 years Desoto Beach Club IL Sarasota FL 18,153 668 23,944 668 — 668 23,944 668 25,280 (3,011 ) 22,269 2005/NA 2013 3-40 years Regency Residence IL Port Richey FL 11,460 1,100 14,088 771 — 1,100 14,088 771 15,959 (2,055 ) 13,904 1987/NA 2013 3-40 years Illahee Hills IL Urbandale IA 9,342 694 11,980 476 — 694 11,980 476 13,150 (1,635 ) 11,515 1995/NA 2013 3-40 years Palmer Hills IL Bettendorf IA 9,117 1,488 10,878 466 — 1,488 10,878 466 12,832 (1,488 ) 11,344 1990/NA 2013 3-40 years Blair House IL Normal IL 11,097 329 14,498 627 — 329 14,498 627 15,454 (2,014 ) 13,440 1989/NA 2013 3-40 years Grasslands Estates IL Wichita KS 13,783 504 17,888 802 — 504 17,888 802 19,194 (2,500 ) 16,694 2001/NA 2013 3-40 years Thornton Place IL Topeka KS 10,995 327 14,415 734 — 327 14,415 734 15,476 (2,084 ) 13,392 1998/NA 2013 3-40 years Jackson Oaks IL Paducah KY 14,596 267 19,195 864 — 267 19,195 864 20,326 (2,680 ) 17,646 2004/NA 2013 3-40 years Summerfield Estates IL Shreveport LA 4,512 525 5,584 175 — 525 5,584 175 6,284 (709 ) 5,575 1988/NA 2013 3-40 years Blue Water Lodge IL Fort Gratiot MI 12,157 62 16,034 833 — 62 16,034 833 16,929 (2,357 ) 14,572 2001/NA 2013 3-40 years Location Initial Cost to the Company Gross Amount Carried at Close of Period Property Name Type City State Encumbrances Land Buildings and Improvements Furniture, Fixtures and Equipment Costs Capitalized Subsequent to Acquisition Land Buildings and Improvements Furniture, Fixtures and Equipment Total (A) Accumulated Depreciation Net Book Value Year Constructed / Renovated Year Acquired Life on Which Depreciation in Income Statement is Computed Briarcrest Estates IL Ballwin MO 13,133 1,255 16,509 525 — 1,255 16,509 525 18,289 (2,121 ) 16,168 1990/NA 2013 3-40 years Country Squire IL St. Joseph MO 12,814 864 16,353 627 — 864 16,353 627 17,844 (2,209 ) 15,635 1990/NA 2013 3-40 years Orchid Terrace IL St. Louis MO 20,268 1,061 26,636 833 — 1,061 26,636 833 28,530 (3,401 ) 25,129 2006/NA 2013 3-40 years Chateau Ridgeland IL Ridgeland MS 6,304 967 7,277 535 — 967 7,277 535 8,779 (1,207 ) 7,572 1986/NA 2013 3-40 years Grizzly Peak IL Missoula MT 12,505 309 16,447 658 — 309 16,447 658 17,414 (2,217 ) 15,197 1997/NA 2013 3-40 years Durham Regent IL Durham NC 18,340 1,061 24,149 605 — 1,061 24,149 605 25,815 (2,965 ) 22,850 1989/NA 2013 3-40 years Jordan Oaks IL Cary NC 16,855 2,103 20,847 774 — 2,103 20,847 774 23,724 (2,779 ) 20,945 2003/NA 2013 3-40 years Sky Peaks IL Reno NV 15,246 1,061 19,793 605 — 1,061 19,793 605 21,459 (2,565 ) 18,894 2002/NA 2013 3-40 years Fleming Point IL Greece NY 15,806 699 20,644 668 — 699 20,644 668 22,011 (2,661 ) 19,350 2004/NA 2013 3-40 years Maple Downs IL Fayetteville NY 19,465 782 25,656 668 — 782 25,656 668 27,106 (3,165 ) 23,941 2003/NA 2013 3-40 years Stoneybrook Lodge IL Corvallis OR 14,724 1,543 18,119 843 — 1,543 18,119 843 20,505 (2,558 ) 17,947 1999/NA 2013 3-40 years Fountains at Hidden Lakes IL Salem OR 5,308 903 6,568 — — 903 6,568 — 7,471 (735 ) 6,736 1990/NA 2013 3-40 years Hidden Lakes IL Salem OR 13,442 1,389 16,639 893 — 1,389 16,639 893 18,921 (2,433 ) 16,488 1990/NA 2013 3-40 years Rock Creek IL Hillsboro OR 9,865 1,617 11,783 486 — 1,617 11,783 486 13,886 (1,601 ) 12,285 1996/NA 2013 3-40 years Sheldon Oaks IL Eugene OR 13,948 1,577 17,380 675 — 1,577 17,380 675 19,632 (2,353 ) 17,279 1995/NA 2013 3-40 years The Regent IL Corvallis OR 6,436 1,111 7,720 228 — 1,111 7,720 228 9,059 (965 ) 8,094 1983/NA 2013 3-40 years Essex House IL Lemoyne PA 19,523 936 25,585 668 — 936 25,585 668 27,189 (3,149 ) 24,040 2002/NA 2013 3-40 years Manor at Oakridge IL Harrisburg PA 18,568 992 24,379 764 — 992 24,379 764 26,135 (3,100 ) 23,035 2000/NA 2013 3-40 years Walnut Woods IL Boyertown PA 13,401 308 18,058 496 — 308 18,058 496 18,862 (2,233 ) 16,629 1997/NA 2013 3-40 years Watermark at Logan Square CCRC Philadelphia PA 51,036 8,575 46,031 2,380 990 8,575 46,776 2,625 57,976 (4,492 ) 53,484 1984/2009 2015 3-40 years Uffelman Estates IL Clarksville TN 8,130 625 10,521 298 — 625 10,521 298 11,444 (1,318 ) 10,126 1993/NA 2013 3-40 years Arlington Plaza IL Arlington TX 7,562 319 9,821 391 — 319 9,821 391 10,531 (1,347 ) 9,184 1987/NA 2013 3-40 years The El Dorado IL Richardson TX 10,230 1,316 12,220 710 — 1,316 12,220 710 14,246 (1,850 ) 12,396 1996/NA 2013 3-40 years Ventura Place IL Lubbock TX 14,360 1,018 18,034 946 — 1,018 18,034 946 19,998 (2,666 ) 17,332 1997/NA 2013 3-40 years Dogwood Estates IL Denton TX 14,380 1,002 18,525 714 — 1,002 18,525 714 20,241 (2,502 ) 17,739 2005/NA 2013 3-40 years Madison Estates IL San Antonio TX 11,826 1,528 14,850 268 — 1,528 14,850 268 16,646 (1,720 ) 14,926 1984/NA 2013 3-40 years Pinewood Hills IL Flower Mound TX 14,443 2,073 17,552 704 — 2,073 17,552 704 20,329 (2,398 ) 17,931 2007/NA 2013 3-40 years The Bentley IL Dallas TX 10,761 2,351 12,270 526 — 2,351 12,270 526 15,147 (1,688 ) 13,459 1996/NA 2013 3-40 years Whiterock Court IL Dallas TX 11,004 2,837 12,205 446 — 2,837 12,205 446 15,488 (1,637 ) 13,851 2001/NA 2013 3-40 years Pioneer Valley Lodge IL North Logan UT 14,153 1,049 17,920 740 — 1,049 17,920 740 19,709 (2,488 ) 17,221 2001/NA 2013 3-40 years Colonial Harbor IL Yorktown VA 16,102 2,211 19,523 689 — 2,211 19,523 689 22,423 (2,571 ) 19,852 2005/NA 2013 3-40 years Oakwood Hills IL Eau Claire WI 14,233 516 18,872 645 — 516 18,872 645 20,033 (2,484 ) 17,549 2003/NA 2013 3-40 years Triple Net Lease Total 720,692 63,601 897,945 33,034 990 63,601 898,690 33,279 995,570 (117,275 ) 878,295 Grand Total 1,925,098 182,238 2,194,262 88,808 46,454 182,238 2,216,461 113,063 2,511,762 (275,794 ) 2,235,968 (A) For United States federal income tax purposes, the initial aggregate cost basis, including furniture, fixtures, and equipment, was approximately $ 2.52 billion as of December 31, 2017 . The following table is a rollforward of the gross carrying amount and accumulated depreciation of real estate assets (depreciation is calculated on a straight line basis using the estimated useful lives detailed in Note 2): Year Ended December 31, Gross carrying amount 2017 2016 2015 Beginning of period $ 2,773,179 $ 2,790,928 $ 1,638,929 Acquisitions — — 1,140,896 Additions 20,667 21,285 11,411 Sales and/or transfers to assets held for sale (280,593 ) (23,213 ) — Disposals and other (1,491 ) (15,821 ) (308 ) End of period $ 2,511,762 $ 2,773,179 $ 2,790,928 Accumulated depreciation Beginning of period $ (218,968 ) $ (129,788 ) $ (56,988 ) Depreciation expense (91,623 ) (92,372 ) (72,767 ) Sales and/or transfers to assets held for sale 34,728 3,084 — Disposals and other 69 108 (33 ) Balance at end of year $ (275,794 ) $ (218,968 ) $ (129,788 )

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Restricted Cash and Cash Equivalents Items [Line Items]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements are prepared in accordance with U.S. Generally Accepted Accounting Principles (“GAAP’’) with the instructions to Form 10-K and Article 10 of Regulation S-X. The consolidated financial statements include the accounts of New Senior and its consolidated subsidiaries. All significant intercompany transactions and balances have been eliminated. We consolidate those entities in which we have control over significant operating, financial and investing decisions of the entity. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Certain prior period amounts have been reclassified to conform to the current period’s presentation.
Use of Estimates	Use of Estimates Management is required to make estimates and assumptions when preparing financial statements in conformity with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the accompanying consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results may differ from management’s estimates.
Revenue Recognition	Revenue Recognition Resident Fees and Services - Resident fees and services include monthly rental revenue, care income and ancillary income recognized from the Managed Properties segment. Resident fees and services are recognized monthly as services are provided. Most lease agreements with residents are cancelable by the resident with 30 days’ notice. Ancillary income primarily relates to non-refundable community fees. Non-refundable community fees are recognized on a straight-line basis over the estimated length of stay of residents, which approximates 24 months for AL/MC properties and 33 months for IL properties. Rental Revenue - Rental revenue from the Triple Net Lease Properties segment is recognized on a straight-line basis over the applicable term of the lease when collectability is reasonably assured. Recognizing rental revenue on a straight-line basis typically results in recognizing revenue in excess of cash amounts contractually due from our tenants during the first half of the lease term, creating a straight-line rent receivable.
Acquisition Accounting	Acquisition Accounting We have determined that all of our acquisitions should be accounted for under the acquisition method. The accounting for acquisitions requires the identification and measurement of all acquired tangible and intangible assets and assumed liabilities at their respective fair values, as of the respective transaction dates. The determination of the fair value of net assets acquired involves significant judgment and estimates, such as estimated future cash flow projections, appropriate discount and capitalization rates and other estimates based on available market information. Estimates of future cash flows are based on a number of factors including property operating results, known and anticipated trends, as well as market and economic conditions. In measuring the fair value of tangible and identified intangible assets acquired and liabilities assumed, management uses information obtained as a result of pre-acquisition due diligence, marketing, leasing activities and independent appraisals. In the case of buildings, the fair value of the tangible assets acquired is determined by valuing the property as if it were vacant. Significant estimates impacting the measurement at fair value of our real property include construction cost data and qualitative selection of comparable market transactions as well as the assessment of the relative quality and condition of the acquired properties. Recognized intangible assets primarily include the fair value of in-place resident leases. We estimate the fair value of in-place leases as (i) the present value of the estimated rental revenue that would have been forgone, offset by variable costs that would have otherwise been incurred during a reasonable lease-up period, as if the acquired units were vacant and (ii) the estimated absorption costs, such as additional marketing costs that would have been incurred during the lease-up period. The acquisition fair value of the in-place lease intangibles is amortized over the estimated length of stay of the residents on a straight-line basis. Contingent consideration, if any, is measured at fair value on the date of acquisition. The fair value of the contingent consideration is remeasured at each reporting date with any change recorded in “Other expense” in the Consolidated Statements of Operations. Acquisition and transaction expense includes costs related to completed and potential acquisitions, dispositions and other transactions. Such costs include advisory, legal, accounting, valuation and other professional or consulting fees. Integration expense includes costs directly related to the integration of acquired businesses such as lender mandated repairs, licensing, rebranding and training incurred in connection with an acquisition. Acquisition, transaction and integration costs are expensed as incurred.
Real Estate Investments	Real Estate Investments Real estate investments are recorded at cost less accumulated depreciation or accumulated amortization. Depreciation is calculated on a straight-line basis using estimated remaining useful lives not to exceed 40 years for buildings, 3 to 10 years for building improvements and 3 to 5 years for other fixed assets. Amortization for in-place lease intangibles, ground lease intangibles and other intangibles is calculated on a straight-line basis using estimated useful lives of 24 to 33 months, 74 to 82 years and 5 to 13 years, respectively. Amortization for above/below market lease intangibles is calculated on a straight line basis using estimated useful lives of 15 to 17 years.
Impairment of Long Lived Assets	Impairment of Long Lived Assets We periodically evaluate long-lived assets, including definite lived intangible assets, primarily consisting of our real estate investments, for impairment indicators. If indicators of impairment are present, we evaluate the carrying value of the related real estate investments in relation to the future undiscounted cash flows of the underlying operations. In performing this evaluation, market conditions and our current intentions with respect to holding or disposing of the asset are considered. If the sum of the expected future undiscounted cash flows is less than book value, we recognize an impairment loss equal to the amount by which the asset’s carrying value exceeds its fair value. An impairment loss is recognized at the time any such determination is made. We have not recorded an impairment loss since inception.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consists of cash on hand and all highly liquid short term investments with maturities of 90 days or less, when purchased.
Restricted Cash	Restricted Cash Restricted cash primarily consists of (i) amounts held by lenders in tax, insurance, replacement reserve and other escrow accounts and (ii) security deposits and is included in “Receivables and other assets, net” in the Consolidated Balance Sheets.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs consist of fees and direct costs incurred in obtaining financing. Deferred financing costs are presented as a direct deduction from the carrying amount of the related debt liability and are amortized over the terms of the related borrowings using the effective interest rate method as a component of interest expense. Amortized costs of $ 9.1 million , $ 9.6 million and $ 9.3 million are included in “Interest expense” in the Consolidated Statements of Operations for the years ended December 31, 2017 , 2016 and 2015 , respectively.
Straight-line Rent Receivables and Receivables and Other Assets, Net	Straight-line Rent Receivables and Receivables and Other Assets, Net Receivables and other assets, net consists primarily of escrows held by lenders and resident receivables, net of allowance and prepaid expenses. We assess the collectability of rent receivables, including straight-line rent receivables, on an ongoing basis. This assessment is based on several qualitative and quantitative factors, including and as appropriate, the payment history of the resident and triple net lease tenant, the financial strength of the resident or tenant and of guarantors, the value of the underlying collateral or deposit, if any, and current economic conditions. If the evaluation of these factors indicates it is probable that we will not be able to recover the full value of the receivable, we provide a specific reserve against the portion of the receivable that we estimate may not be recovered. We have not recorded a reserve against our straight-line rent receivable since inception.
Deferred Revenue	Deferred Revenue Deferred revenue primarily includes non-refundable community fees received when residents move in, and are included within “Accrued expenses and other liabilities” in the Consolidated Balance Sheets. Deferred revenue amounts are amortized into income on a straight-line basis over the estimated length of stay of the resident, and are included within “Resident fees and services” in the Consolidated Statements of Operations.
Income Taxes	Income Taxes New Senior is organized and conducts its operations to qualify as a REIT under the requirements of the Internal Revenue Code of 1986, as amended (“Code”). Requirements for qualification as a REIT include various restrictions on ownership of stock, requirements concerning distribution of taxable income and certain restrictions on the nature of assets and sources of income. A REIT must distribute at least 90% of its taxable income to its stockholders of which 85% plus any undistributed amounts from the prior year must be distributed within the taxable year in order to avoid the imposition of an excise tax. Distribution of the remaining balance may extend until timely filing of our tax return in the subsequent taxable year. Qualifying distributions of taxable income are deductible by a REIT in computing taxable income. Certain activities are conducted through a taxable REIT subsidiary (“TRS”) and therefore are subject to federal and state income taxes. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases upon the change in tax status. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period of the enactment date. We recognize tax benefits for uncertain tax positions only if it is more likely than not that the position is sustainable based on its technical merits. Interest and penalties on uncertain tax positions are included as a component of the provision for income taxes in the Consolidated Statements of Operations. As of December 31, 2017 and 2016 , we had no uncertain tax positions.
Fair Value Measurement	Fair Value Measurement Fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy, which is described below, prioritizes the inputs we use in measuring fair value: • Level 1 - Quoted prices for identical instruments in active markets. • Level 2 - Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets. • Level 3 - Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
Derivative Instruments	Derivative Instruments In the normal course of business, we may use derivative instruments to manage, or hedge, interest rate risk. We do not use derivative instruments for trading or speculative purposes and do not apply hedge accounting. We recognize all derivatives as either assets or liabilities at fair value. Derivative valuation requires us to make estimates and judgments that affect the fair value of the instruments. We estimate the fair value of derivatives based on pricing models that consider level 2 inputs including forward yield curves, cap strike rates, cap volatility and discount rates. The fair value adjustments on our interest rate caps were losses of $ 0.1 million , $ 0.2 million and $ 1.0 million for the years ended December 31, 2017 , 2016 and 2015 , respectively, and are included in “Other expense” in the Consolidated Statements of Operations and “Other non-cash expense” in the Consolidated Statements of Cash Flows. The fair value of the interest rate caps was immaterial as of December 31, 2017 and was $ 0.1 million as of December 31, 2016 , and is included in “Receivables and other assets, net” in the Consolidated Balance Sheets. Our interest rate caps were executed with investment grade counterparties.
Assets Held for Sale	Assets Held for Sale We classify certain long-lived assets as held for sale once the criteria, as defined by GAAP, has been met. Assets held for sale are included in “Receivables and other assets, net” in the Consolidated Balance Sheets. Long-lived assets to be disposed of are reported at the lower of their carrying amount or fair value less cost to sell and are no longer depreciated.
Sale of Assets	Sale of Assets We recognize sales of assets only upon the closing of the transactions with the purchaser. We recognize gains on assets sold using the full accrual method upon closing if the collectability of the sales price is reasonably assured, we are not obligated to perform any significant activities after the sale to earn the profit, we have received adequate initial investment from the purchaser, and other profit recognition criteria has been satisfied.
Stock Options	Stock Options Options granted to our directors are measured at fair value at the grant date with the related expense recognized over the service term, if any.
Management Fees and Incentive Compensation to Affiliate	.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-09 Revenues from Contracts with Customers (Topic 606). The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under today’s guidance. These included identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. While this ASU specifically references contracts with customers, it may apply to certain other transactions such as the sale of real estate. In August 2015, the FASB deferred the effective date of this standard by one year, which will be for fiscal years, and interim periods within those years, beginning after December 15, 2017. We will adopt this standard under the modified retrospective approach effective on January 1, 2018. Under the modified retrospective approach, the standard is applied to the most current period presented, and the cumulative effect of the adoption change is recognized as an adjustment to beginning retained earnings. We have determined that the adoption of this standard will not result in an adjustment to beginning retained earnings and will not result in a change in the amount, timing and pattern of recognition of our revenue as a substantial portion of our revenue is generated through our triple net lease and managed property leasing arrangements, which are excluded from ASU 2014-09. Additionally, real estate sales are within the scope of ASU 2014-09, as amended by ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (“ASU 2017-05”). ASU 2017-05 clarifies the scope of subtopic 610-20, Other Income - Gains and Losses from Derecognition of Nonfinancial Assets, and adds guidance for partial sales of nonfinancial assets. Under ASU 2014-09 and ASU 2017-05, the income recognition for real estate sales is largely based on the transfer of control versus continuing involvement under the current guidance. Sales of our real estate are generally not executory across points in time and our performance obligations from these contracts are expected to fall within a single period. As a result, the adoption of this standard is not expected to impact the timing of our income recognition from sales of real estate. In February 2016, the FASB issued ASU 2016-02 Leases . This standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, and early adoption is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. We continue to assess the guidance and the impact it may have on our consolidated financial statements and have initiated a review to identify non-lease components, if any, in our lease agreements. In June 2016, the FASB issued ASU 2016-13 Financial Instruments - Credit Losses, Measurement of Credit Losses on Financial Instruments . This standard replaces the current incurred loss methodology with a methodology that reflects expected credit losses. Under this methodology, a company would recognize an impairment allowance equal to its current estimate of all contractual cash flows that it does not expect to collect from financial assets measured at amortized cost. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and early adoption is permitted beginning after December 15, 2018. We are assessing the impact this guidance may have on our consolidated financial statements. In November 2016, the FASB issued ASU 2016-18 Statement of Cash Flows (Topic 230) - Restricted Cash , related to the classification of restricted cash on the statement of cash flows. This ASU requires that the statement of cash flows include a reconciliation and explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and early adoption is permitted. Adoption of this ASU will impact the presentation of our Consolidated Statements of Cash Flows as activity between cash and cash equivalents and restricted cash will no longer be presented in our operating, financing or investing activities. Our restricted cash was $ 20.2 million and $ 39.5 million as of December 31, 2017 and 2016 , respectively. In January 2017, the FASB issued ASU 2017-01 Business Combinations (Topic 805) - Clarifying the Definition of a Business. This standard narrows the FASB’s definition of a business and provides a framework that assists entities with making reasonable judgments about whether a transaction involves an asset or business. ASU 2017-01 states that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. The effective date of the standard will be for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and early adoption is permitted. The ASU is to be applied prospectively and upon adoption we expect that the majority of our acquisitions will be deemed asset acquisitions which will result in the elimination of a measurement period, the capitalization of related third party transaction costs and any associated contingent consideration being recognized when the contingency is resolved.

DISPOSITIONS (Tables)

DISPOSITIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Dispositions [Abstract]
Dispositions	The following table presents the revenues and expenses of the above portfolios: Year Ended December 31, 2017 2016 2015 Revenues Resident fees and services $ 28,910 $ 34,370 $ 32,762 Rental revenue 16,893 17,490 17,496 Total revenues 45,803 51,860 50,258 Expenses Property operating expense 23,413 27,033 25,781 Depreciation and amortization 7,212 19,205 32,284 Interest expense 7,262 7,630 7,436 Total expenses $ 37,887 $ 53,868 $ 65,501

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Reporting	Year Ended December 31, 2017 Year Ended December 31, 2016 Year Ended December 31, 2015 Triple Net Lease Properties Managed Properties Consolidated Triple Net Lease Properties Managed Properties Consolidated Triple Net Lease Properties Managed Properties Consolidated Revenues Resident fees and services $ — $ 336,739 $ 336,739 $ — $ 359,472 $ 359,472 $ — $ 277,324 $ 277,324 Rental revenue 112,391 — 112,391 112,966 — 112,966 111,154 — 111,154 Less: Property operating expense — 230,045 230,045 — 243,027 243,027 — 189,543 189,543 Segment NOI $ 112,391 $ 106,694 $ 219,085 $ 112,966 $ 116,445 $ 229,411 $ 111,154 $ 87,781 $ 198,935 Depreciation and amortization 139,942 184,546 160,318 Interest expense 93,597 91,780 75,021 Acquisition, transaction and integration expense 2,453 3,942 13,444 Management fees and incentive compensation to affiliate 18,225 18,143 14,279 General and administrative expense 15,307 15,194 15,233 Loss on extinguishment of debt 3,902 245 5,091 Other expense 1,702 727 1,629 Total expenses 275,128 314,577 285,015 Gain on sale of real estate 71,763 13,356 — Income (loss) before income taxes 15,720 (71,810 ) (86,080 ) Income tax expense (benefit) 3,512 439 (3,655 ) Net income (loss) $ 12,208 $ (72,249 ) $ (82,425 ) Property operating expense includes property management fees and travel reimbursement costs. We also reimbursed the Property Managers for property-level payroll expenses. See Note 9 for additional information on these expenses related to Blue Harbor and Holiday. Assets by reportable business segment are reconciled to total assets as follows: December 31, 2017 December 31, 2016 Amount Percentage Amount Percentage Managed Properties $ 1,430,957 57.1 % $ 1,639,726 58.1 % Triple Net Lease Properties 980,666 39.1 % 1,151,102 40.8 % All other assets (A) 96,404 3.8 % 30,900 1.1 % Total assets $ 2,508,027 100.0 % $ 2,821,728 100.0 % (A) Primarily consists of corporate cash which is not directly attributable to our reportable business segments.
Revenue from External Customers by Geographic Areas	The following table presents the percentage of total revenues by geographic location: As of and for the year ended December 31, 2017 As of and for the year ended December 31, 2016 Number of Communities % of Total Revenue Number of Communities % of Total Revenue Florida 15 18.0 % 26 19.8 % Texas 13 12.2 % 19 12.0 % California 11 10.2 % 11 10.0 % North Carolina 9 6.6 % 9 6.4 % Pennsylvania 7 6.2 % 7 6.0 % Oregon 9 5.0 % 9 5.3 % Other 69 41.8 % 71 40.5 % Total 133 100.0 % 152 100.0 %

REAL ESTATE INVESTMENTS (Tables

REAL ESTATE INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Real Estate [Abstract]
Real Estate Investments	December 31, 2017 December 31, 2016 Gross Carrying Amount Accumulated Depreciation Net Carrying Value Gross Carrying Amount Accumulated Depreciation Net Carrying Value Land $ 182,238 $ — $ 182,238 $ 220,317 $ — $ 220,317 Building and improvements 2,216,461 (208,540 ) 2,007,921 2,430,658 (163,670 ) 2,266,988 Furniture, fixtures and equipment 113,063 (67,254 ) 45,809 122,204 (55,298 ) 66,906 Total real estate investments $ 2,511,762 $ (275,794 ) $ 2,235,968 $ 2,773,179 $ (218,968 ) $ 2,554,211
Real Estate Intangibles	The following table summarizes our real estate intangibles: December 31, 2017 December 31, 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Remaining Amortization Period Gross Carrying Amount Accumulated Amortization Net Carrying Value Weighted Average Remaining Amortization Period Above/below market lease intangibles, net $ 1,607 $ (380 ) $ 1,227 12.9 years $ 2,426 $ (419 ) $ 2,007 13.4 years In-place lease and other intangibles 262,831 (248,818 ) 14,013 18.3 years 317,503 (255,033 ) 62,470 5.2 years Total intangibles $ 264,438 $ (249,198 ) $ 15,240 $ 319,929 $ (255,452 ) $ 64,477
Estimated Future Amortization of Intangible Assets	The following table sets forth the estimated future amortization of intangible assets as of December 31, 2017 : Years Ending December 31 2018 $ 8,344 2019 448 2020 448 2021 448 2022 448 Thereafter 5,104 Total intangibles $ 15,240

RECEIVABLES AND OTHER ASSETS,28

RECEIVABLES AND OTHER ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Receivables and Other Assets, Net	December 31, 2017 December 31, 2016 Escrows held by lenders (A) $ 16,936 $ 36,231 Prepaid expenses 4,490 3,617 Resident receivables, net 2,672 3,111 Deferred tax assets 5,475 8,660 Security deposits 3,222 3,238 Income tax receivable 802 1,313 Assets held for sale (B) — 10,824 Other assets and receivables 3,450 4,240 Total receivables and other assets $ 37,047 $ 71,234 (A) Represents amounts held by lenders in tax, insurance, replacement reserve and other escrow accounts that are related to mortgage notes collateralized by New Senior’s properties. (B) The balance as of December 31, 2016 represents two AL/MC properties in the Managed Properties segment and primarily consists of the carrying value of buildings and land. These properties were sold on January 31, 2017.
Allowance for Doubtful Accounts and Related Provision for Resident Receivables	The following table summarizes the allowance for doubtful accounts and the related provision for resident receivables: Year Ended December 31, 2017 2016 2015 Balance, beginning of period $ 976 $ 509 $ 190 Provision for bad debt 2,228 2,150 2,105 Write-offs, net of recoveries (2,266 ) (1,683 ) (1,786 ) Balance, end of period $ 938 $ 976 $ 509

MORTGAGE NOTES PAYABLE, NET (Ta

MORTGAGE NOTES PAYABLE, NET (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Mortgage Notes Payable	December 31, 2017 December 31, 2016 Outstanding Face Amount Carrying Value (A) Maturity Date Stated Interest Rate Weighted Average Maturity (Years) Outstanding Face Amount Carrying Value (A) Managed Properties Fixed Rate $ 563,526 $ 560,182 Aug 2019 - Sep 2025 3.65% to 4.93% 6.5 $ 604,749 $ 601,232 Floating Rate (B) 640,880 636,166 Oct 2020 - May 2022 1M LIBOR + 2.20% to 1M LIBOR + 2.70% 4.1 717,254 710,672 Triple Net Lease Properties Fixed Rate (C) 669,656 660,646 Jan 2021 - Jan 2024 3.80% to 7.40% 4.3 683,137 667,579 Floating Rate 51,036 50,934 Apr 2018 3M LIBOR + 3.00% 0.3 151,634 150,904 Total $ 1,925,098 $ 1,907,928 4.8 $ 2,156,774 $ 2,130,387 (A) The totals are reported net of deferred financing costs of $ 17.2 million and $ 27.8 million as of December 31, 2017 and 2016 , respectively. (B) All of these loans have LIBOR caps that range between 3.30% and 3.80% as of December 31, 2017 . (C) Includes loans with an outstanding face amount of $ 336.8 million and $ 286.5 million , as of December 31, 2017 , for which we bought down the interest rates to 4.00% and 3.80% , respectively, through January 2019. The interest rates will increase to 4.99% and 4.55% , respectively, thereafter.
Contractual Maturities of Mortgage Notes Payable	Our mortgage notes payable have contractual maturities as follows: Principal Payments Balloon Payments Total 2018 (A) $ 28,258 $ 50,740 $ 78,998 2019 28,862 95,345 124,207 2020 30,203 24,950 55,153 2021 29,050 311,518 340,568 2022 19,938 561,477 581,415 Thereafter 31,780 712,977 744,757 Total outstanding face amount $ 168,091 $ 1,757,007 $ 1,925,098 (A) In February 2018, we exercised an option to extend the balloon payment to April 2019.

ACCRUED EXPENSES AND OTHER LI30

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	December 31, 2017 December 31, 2016 Security deposits payable $ 46,291 $ 57,186 Escrow liabilities (A) 6,664 10,503 Accounts payable 9,794 10,137 Mortgage interest payable 6,297 6,671 Deferred community fees, net 4,612 5,257 Rent collected in advance 2,091 3,180 Property tax payable 3,331 3,877 Other liabilities 5,584 4,012 Total accrued expenses and other liabilities $ 84,664 $ 100,823 (A) Represents amounts held by lenders in tax, insurance, replacement reserve and other escrow accounts that are related to mortgage notes collateralized by New Senior’s triple net lease properties.

TRANSACTIONS WITH AFFILIATES (T

TRANSACTIONS WITH AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2017
Transactions with affiliates [Abstract]
Property Management Fees and Other Expenses Paid to Property Managers	The following table summarizes property management fees and reimbursements paid to Property Managers affiliated with Fortress: Year Ended December 31, 2017 2016 2015 Property management fees $ 18,296 $ 19,724 $ 16,167 Travel reimbursement costs 304 366 369 Property-level payroll expenses 92,167 104,180 85,477
Schedule of Related Party Transactions	The following table summarizes our reimbursement to the Manager for costs incurred for tasks and other services performed by the Manager under the Management Agreement: Year Ended December 31, 2017 2016 2015 Included in: General and administrative expense $ 7,570 $ 8,158 $ 6,607 Acquisition, transaction and integration expense 1,697 1,610 3,073 Total reimbursements to the Manager $ 9,267 $ 9,768 $ 9,680

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Provision for Income Taxes	The following table presents the provision (benefit) for income taxes: Year Ended December 31, 2017 2016 2015 Current Federal $ (10 ) $ 16 $ 26 State and local 337 326 84 Total current provision 327 342 110 Deferred Federal 3,376 89 (3,576 ) State and local (191 ) 8 (189 ) Total deferred provision 3,185 97 (3,765 ) Total provision (benefit) for income taxes $ 3,512 $ 439 $ (3,655 )
Reconciliation of Statutory to Effective Tax Rate	The table below provides a reconciliation of our provision for income taxes, based on the statutory rate of 35% , to the effective tax rate. Year Ended December 31, 2017 2016 2015 Statutory U.S. federal income tax rate 35.00 % 35.00 % 35.00 % Non-taxable REIT (loss) (32.19 )% (35.16 )% (30.87 )% State and local taxes 0.61 % (0.39 )% 0.16 % Change in federal tax rate 18.87 % — % — % Other 0.06 % (0.06 )% (0.06 )% Effective income tax rate 22.35 % (0.61 )% 4.23 %
Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and deferred tax liabilities are presented below: December 31, 2017 2016 Deferred tax assets: Prepaid fees and rent $ 790 $ 1,816 Net operating loss 4,050 4,386 Deferred rent 949 3,129 Tax credits 42 42 Other 99 113 Total deferred tax assets 5,930 9,486 Less valuation allowance — — Net deferred tax assets 5,930 9,486 Deferred tax liabilities: Depreciation and amortization 455 826 Total deferred tax liabilities 455 826 Total net deferred tax assets $ 5,475 $ 8,660

EQUITY AND EARNINGS PER SHARE (

EQUITY AND EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2017
Equity and earnings per share [Abstract]
Earnings Per Share, Basic and Diluted	The following table presents the amounts used in computing our basic EPS and diluted EPS: Year Ended December 31, 2017 2016 2015 Numerator Net income (loss) applicable to common shares $ 12,208 $ (72,249 ) $ (82,425 ) Denominator Basic weighted average shares of common stock 82,145,295 82,357,349 76,601,161 Stock options (A) 596,027 — — Diluted weighted average shares of common stock 82,741,322 82,357,349 76,601,161 Basic earnings per common share $ 0.15 $ (0.88 ) $ (1.08 ) Diluted earnings per common share $ 0.15 $ (0.88 ) $ (1.08 ) (A) During the years ended December 31, 2016 and 2015 , 539,783 and 635,624 potentially dilutive shares, respectively, were excluded given our loss position, so basic EPS and diluted EPS were the same for each reporting period.
Summary of Outstanding Options	Our outstanding options are summarized as follows: Options Outstanding at December 31, 2016 2017 Activity Options Outstanding at December 31, 2017 Expired Reverted to Manager Held by the Manager 6,578,114 (110,029 ) 266,657 6,734,742 Issued to the Manager and subsequently transferred to certain of the Manager’s employees 675,240 (6,301 ) (266,657 ) 402,282 Issued to the independent directors 25,000 — — 25,000 Total outstanding options 7,278,354 (116,330 ) — 7,162,024 The following table summarizes our outstanding options as of December 31, 2017 . The last sale price on the NYSE for our common stock in the year ended December 31, 2017 was $ 7.56 per share. Recipient Date of Grant (A) Options Outstanding and Exercisable Weighted Average Exercise Price (B) Intrinsic Value (millions) Manager March 2011 182,527 $ 5.23 $ 0.4 Manager September 2011 283,305 2.14 1.5 Manager April 2012 257,660 5.71 0.5 Manager May 2012 312,026 6.80 0.2 Manager July 2012 346,343 6.76 0.3 Manager January 2013 958,331 12.47 — Manager February 2013 383,331 14.90 — Manager June 2013 670,829 15.94 — Manager November 2013 965,847 17.28 — Manager August 2014 765,416 18.94 — Directors November 2014 20,000 15.26 — Manager (C) June 2015 2,011,409 11.80 — Directors March 2016 5,000 9.15 — Total 7,162,024 Aggregate: Weighted average exercise price $ 12.72 Weighted average remaining life (years) 5.9 Intrinsic value (millions) $ 2.9 (A) Options expire on the tenth anniversary from date of grant. (B) The strike prices are subject to adjustment in connection with return of capital dividends. (C) Includes 402,282 options that the Manager assigned to Fortress employees.

CONCENTRATION OF CREDIT RISK (T

CONCENTRATION OF CREDIT RISK (Tables)	12 Months Ended
	Dec. 31, 2017
Risks and Uncertainties [Abstract]
Schedules of Concentration of Risk	The following table presents our managed properties and triple net lease properties as a percentage of total real estate investments (based on their carrying amount): December 31, 2017 2016 2015 Holiday - Managed Properties 44.4 % 46.8 % 46.8 % Holiday - Triple Net Lease Properties 36.8 % 32.7 % 32.1 % Blue Harbor 10.3 % 10.5 % 10.5 % Other 8.5 % 10.0 % 10.6 % The following table presents rental revenue in our triple net lease agreements with the tenant for the Holiday Portfolios as a percentage of our total revenue and total NOI: Year Ended December 31, 2017 2016 2015 Total revenue 19.9 % 18.9 % 23.0 % Total NOI 40.7 % 38.9 % 45.0 % The following table presents the properties managed by Holiday and Blue Harbor as a percentage of segment real estate investments, net, segment revenue and segment NOI: As of and for the year ended December 31, 2017 2016 2015 Holiday Blue Harbor Holiday Blue Harbor Holiday Blue Harbor Segment real estate investments, net 73.1 % 16.9 % 78.2 % 17.5 % 77.9 % 17.5 % Segment revenue 63.7 % 28.3 % 65.9 % 29.6 % 57.7 % 38.8 % Segment NOI 73.4 % 21.9 % 72.3 % 24.2 % 62.2 % 34.4 %

FUTURE MINIMUM RENTS (Tables)

FUTURE MINIMUM RENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Future Contracted Minimum Rental Revenue	The following table sets forth future contracted minimum rents from tenants within the Triple Net Lease Properties segment, excluding contingent payment escalations, as of December 31, 2017 : Years Ending December 31 2018 $ 82,398 2019 85,240 2020 88,180 2021 91,222 2022 94,370 Thereafter 887,592 Total future minimum rents $ 1,329,002

QUARTERLY FINANCIAL INFORMATI36

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Summarized Unaudited Quarterly Financial Data	Quarter Ended Year Ended December 31 March 31 June 30 September 30 December 31 2017 Revenue $ 114,973 $ 114,286 $ 112,955 $ 106,916 $ 449,130 Net operating income 55,389 55,618 54,346 53,732 219,085 (Loss) income before income taxes (9,689 ) 3,268 (14,619 ) 36,760 15,720 Income tax expense (benefit) 206 147 (80 ) 3,239 3,512 Net (loss) income $ (9,895 ) $ 3,121 $ (14,539 ) $ 33,521 $ 12,208 Net (loss) income per share of common stock Basic $ (0.12 ) $ 0.04 $ (0.18 ) $ 0.41 $ 0.15 Diluted $ (0.12 ) $ 0.04 $ (0.18 ) $ 0.41 $ 0.15 Weighted average number of shares of common stock outstanding Basic 82,140,750 82,142,562 82,148,869 82,148,869 82,145,295 Diluted 82,140,750 82,778,761 82,148,869 82,632,232 82,741,322 2016 Revenue $ 117,945 $ 118,541 $ 118,457 $ 117,495 $ 472,438 Net operating income 57,320 57,935 57,103 57,053 229,411 Loss before income taxes (22,074 ) (27,883 ) (19,459 ) (2,394 ) (71,810 ) Income tax (benefit) expense (226 ) (525 ) 782 408 439 Net loss $ (21,848 ) $ (27,358 ) $ (20,241 ) $ (2,802 ) $ (72,249 ) Loss per share of common stock Basic and diluted $ (0.26 ) $ (0.33 ) $ (0.25 ) $ (0.03 ) $ (0.88 ) Weighted average number of shares of common stock outstanding Basic and diluted 83,066,599 82,114,218 82,126,397 82,127,247 82,357,349

ORGANIZATION (Details)

ORGANIZATION (Details)	12 Months Ended
	Dec. 31, 2017segmentstateProperty
Real Estate Properties [Line Items]
Number of senior housing properties	133
Number of states in which investments are located | state	37
Number of reportable segments | segment	2
Managed Properties
Real Estate Properties [Line Items]
Number of senior housing properties	81
Managed Properties | Independent Living Properties
Real Estate Properties [Line Items]
Number of senior housing properties	51
Managed Properties | Assisted Living/Memory Care Properties
Real Estate Properties [Line Items]
Number of senior housing properties	30
Holiday | Minimum
Real Estate Properties [Line Items]
Percentage of property's gross revenues paid as property management fees (in hundredths)	5.00%
Holiday | Maximum
Real Estate Properties [Line Items]
Percentage of property's gross revenues paid as property management fees (in hundredths)	7.00%
Property Managers
Real Estate Properties [Line Items]
Extension period after initial term of Property Management Agreements	1 year
Property Managers | Minimum
Real Estate Properties [Line Items]
Initial term of Property Management Agreements	5 years
Percentage of property's gross revenues paid as property management fees (in hundredths)	3.00%
Property Managers | Maximum
Real Estate Properties [Line Items]
Initial term of Property Management Agreements	10 years
Percentage of property's gross revenues paid as property management fees (in hundredths)	7.00%
Triple Net Lease
Real Estate Properties [Line Items]
Number of senior housing properties	52
Triple Net Lease | Minimum
Real Estate Properties [Line Items]
Term of lease agreements	15 years
Rent increase percentage in lease agreements (in hundredths)	2.50%
Triple Net Lease | Maximum
Real Estate Properties [Line Items]
Term of lease agreements	17 years
Rent increase percentage in lease agreements (in hundredths)	4.50%
Triple Net Lease | Independent Living Properties
Real Estate Properties [Line Items]
Number of senior housing properties	51
Triple Net Lease | Continuing Care Retirement Communities
Real Estate Properties [Line Items]
Number of senior housing properties	1

SUMMARY OF SIGNIFICANT ACCOUN38

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Real Estate Properties [Line Items]
Restricted cash	$ 20,200	$ 39,500
Revenue Recognition [Abstract]
Notice period to cancel lease agreements	30 days
Property, Plant and Equipment [Line Items]
Amortization of deferred financing costs	$ 9,090	$ 9,582	$ 9,320
Assisted Living/Memory Care Properties
Revenue Recognition [Abstract]
Estimated length of stay of residents	24 months
Independent Living Properties
Revenue Recognition [Abstract]
Estimated length of stay of residents	33 months
Buildings
Real Estate Investments [Abstract]
Estimated remaining useful life	40 years
Building improvements | Minimum
Real Estate Investments [Abstract]
Estimated remaining useful life	3 years
Building improvements | Maximum
Real Estate Investments [Abstract]
Estimated remaining useful life	10 years
Other fixed assets | Minimum
Real Estate Investments [Abstract]
Estimated remaining useful life	3 years
Other fixed assets | Maximum
Real Estate Investments [Abstract]
Estimated remaining useful life	5 years
In-place lease and other intangibles
Real Estate Investments [Abstract]
Estimated useful life	18 years 4 months	5 years 2 months
In-place lease and other intangibles | Minimum
Real Estate Investments [Abstract]
Estimated useful life	24 months
In-place lease and other intangibles | Maximum
Real Estate Investments [Abstract]
Estimated useful life	33 months
Other intangibles | Minimum
Real Estate Investments [Abstract]
Estimated useful life	5 years
Other intangibles | Maximum
Real Estate Investments [Abstract]
Estimated useful life	13 years
Above / Below market intangibles | Minimum
Real Estate Investments [Abstract]
Estimated useful life	15 years
Above / Below market intangibles | Maximum
Real Estate Investments [Abstract]
Estimated useful life	17 years
Ground lease intangibles | Minimum
Real Estate Investments [Abstract]
Estimated useful life	74 years
Ground lease intangibles | Maximum
Real Estate Investments [Abstract]
Estimated useful life	82 years
Interest rate caps
Real Estate Properties [Line Items]
Gain (loss) on interest rate caps	$ (100)	$ (200)	$ (1,000)
Interest rate caps, fair value		$ 100

DISPOSITIONS (Details)

DISPOSITIONS (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017USD ($)Property	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)Property	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Dispositions Disclosure [Line Items]
Resident fees and services									$ 336,739	$ 359,472	$ 277,324
Early repayment of notes payable									204,730	13,725	304,484
Gain on sale of real estate									$ 71,763	13,356	0
Number of senior housing properties | Property	133								133
Rental revenue									$ 112,391	112,966	111,154
Revenue	$ 106,916	$ 112,955	$ 114,286	$ 114,973	$ 117,495	$ 118,457	$ 118,541	$ 117,945	449,130	472,438	388,478
Property operating expense									230,045	243,027	189,543
Depreciation and amortization									139,942	184,546	160,318
Interest expense									93,597	91,780	75,021
Operating expenses									505,173	557,604	474,558
November 2,017
Dispositions Disclosure [Line Items]
Property operating expense									23,413	27,033	25,781
4Q 2017
Dispositions Disclosure [Line Items]
Revenue									45,803	51,860	50,258
Depreciation and amortization									7,212	19,205	32,284
Interest expense									7,262	7,630	7,436
Operating expenses									37,887	53,868	65,501
Managed Properties
Dispositions Disclosure [Line Items]
Resident fees and services									$ 336,739	359,472	277,324
Number of senior housing properties | Property	81								81
Rental revenue									$ 0	0	0
Property operating expense									230,045	243,027	189,543
Managed Properties | November 2017
Dispositions Disclosure [Line Items]
Resident fees and services									28,910	34,370	32,762
Managed Properties | 2017 Other
Dispositions Disclosure [Line Items]
Early repayment of notes payable									28,000
Gain on sale of real estate									22,500
Purchase price	$ 48,500								$ 48,500
Number of senior housing properties	4								4
Managed Properties | October 2016
Dispositions Disclosure [Line Items]
Termination fee										1,800
Early repayment of notes payable										13,700
Gain on sale of real estate										13,400
Purchase price					$ 23,000					$ 23,000
Number of senior housing properties					2					2
Triple Net Lease
Dispositions Disclosure [Line Items]
Resident fees and services									$ 0	$ 0	0
Number of senior housing properties | Property	52								52
Rental revenue									$ 112,391	112,966	111,154
Property operating expense									0	0	0
Triple Net Lease | December 2017
Dispositions Disclosure [Line Items]
Early repayment of notes payable									98,100
Gain on sale of real estate									42,300
Purchase price	$ 186,000								$ 186,000
Number of senior housing properties	6								6
Rental revenue									$ 16,893	$ 17,490	$ 17,496
Assisted Living/Memory Care Properties | Managed Properties
Dispositions Disclosure [Line Items]
Number of senior housing properties | Property	30								30
Assisted Living/Memory Care Properties | Managed Properties | November 2017
Dispositions Disclosure [Line Items]
Early repayment of notes payable									$ 78,700
Gain on sale of real estate									6,900
Purchase price	$ 109,500								$ 109,500
Number of senior housing properties	9								9
Assisted Living/Memory Care Properties | Managed Properties | 2017 Other
Dispositions Disclosure [Line Items]
Number of senior housing properties	2								2
Assisted Living/Memory Care Properties | Triple Net Lease | December 2017
Dispositions Disclosure [Line Items]
Number of senior housing properties	1								1
Independent Living Properties | Managed Properties
Dispositions Disclosure [Line Items]
Number of senior housing properties | Property	51								51
Independent Living Properties | Managed Properties | 2017 Other
Dispositions Disclosure [Line Items]
Number of senior housing properties	2								2
Independent Living Properties | Triple Net Lease
Dispositions Disclosure [Line Items]
Number of senior housing properties | Property	51								51
Independent Living Properties | Triple Net Lease | December 2017
Dispositions Disclosure [Line Items]
Number of senior housing properties	1								1
Continuing Care Retirement Communities | Triple Net Lease
Dispositions Disclosure [Line Items]
Number of senior housing properties | Property	1								1
Continuing Care Retirement Communities | Triple Net Lease | December 2017
Dispositions Disclosure [Line Items]
Number of senior housing properties	4								4

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)segmentcommunity	Dec. 31, 2016USD ($)community	Dec. 31, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable business segments | segment										2
Revenues [Abstract]
Resident fees and services										$ 336,739	$ 359,472	$ 277,324
Rental revenue										112,391	112,966	111,154
Less: Property operating expense										230,045	243,027	189,543
Segment NOI		$ 53,732	$ 54,346	$ 55,618	$ 55,389	$ 57,053	$ 57,103	$ 57,935	$ 57,320	219,085	229,411	198,935
Depreciation and amortization										139,942	184,546	160,318
Interest expense										93,597	91,780	75,021
Acquisition, transaction, and integration expense										2,453	3,942	13,444
Management fees and incentive compensation to affiliate										18,225	18,143	14,279
General and administrative expense										15,307	15,194	15,233
Loss on extinguishment of debt										3,902	245	5,091
Other expense										1,702	727	1,629
Operating expenses										275,128	314,577	285,015
Gain on sale of real estate										71,763	13,356	0
(Loss) income before income taxes		36,760	(14,619)	3,268	(9,689)	(2,394)	(19,459)	(27,883)	(22,074)	15,720	(71,810)	(86,080)
Income tax expense (benefit)		3,239	(80)	147	206	408	782	(525)	(226)	3,512	439	(3,655)
Net income (loss)		33,521	$ (14,539)	$ 3,121	$ (9,895)	(2,802)	$ (20,241)	$ (27,358)	$ (21,848)	12,208	(72,249)	(82,425)
Assets		$ 2,508,027				$ 2,821,728				$ 2,508,027	$ 2,821,728
Percentage of assets (in hundredths)		100.00%				100.00%				100.00%	100.00%
Managed Properties
Segment Reporting Information [Line Items]
Capital expenditures										$ 20,000	$ 17,200	11,400
Revenues [Abstract]
Resident fees and services										336,739	359,472	277,324
Rental revenue										0	0	0
Less: Property operating expense										230,045	243,027	189,543
Segment NOI										106,694	116,445	87,781
Assets		$ 1,430,957				$ 1,639,726				$ 1,430,957	$ 1,639,726
Percentage of assets (in hundredths)		57.10%				58.10%				57.10%	58.10%
Nonsegment and Other
Revenues [Abstract]
Assets	[1]	$ 96,404				$ 30,900				$ 96,404	$ 30,900
Percentage of assets (in hundredths)	[1]	3.80%				1.10%				3.80%	1.10%
Triple Net Lease
Segment Reporting Information [Line Items]
Capital expenditures										$ 700	$ 4,100	0
Revenues [Abstract]
Resident fees and services										0	0	0
Rental revenue										112,391	112,966	111,154
Less: Property operating expense										0	0	0
Segment NOI										112,391	112,966	$ 111,154
Assets		$ 980,666				$ 1,151,102				$ 980,666	$ 1,151,102
Percentage of assets (in hundredths)		39.10%				40.80%				39.10%	40.80%
Geographic Concentration Risk | Segment revenue
Major Customers [Abstract]
Number of Communities | community										133	152
Percentage of total revenues (in hundredths)										100.00%	100.00%
Geographic Concentration Risk | Segment revenue | Florida
Major Customers [Abstract]
Number of Communities | community										15	26
Percentage of total revenues (in hundredths)										18.00%	19.80%
Geographic Concentration Risk | Segment revenue | Texas
Major Customers [Abstract]
Number of Communities | community										13	19
Percentage of total revenues (in hundredths)										12.20%	12.00%
Geographic Concentration Risk | Segment revenue | California
Major Customers [Abstract]
Number of Communities | community										11	11
Percentage of total revenues (in hundredths)										10.20%	10.00%
Geographic Concentration Risk | Segment revenue | North Carolina
Major Customers [Abstract]
Number of Communities | community										9	9
Percentage of total revenues (in hundredths)										6.60%	6.40%
Geographic Concentration Risk | Segment revenue | Pennsylvania
Major Customers [Abstract]
Number of Communities | community										7	7
Percentage of total revenues (in hundredths)										6.20%	6.00%
Geographic Concentration Risk | Segment revenue | Oregon
Major Customers [Abstract]
Number of Communities | community										9	9
Percentage of total revenues (in hundredths)										5.00%	5.30%
Geographic Concentration Risk | Segment revenue | Other
Major Customers [Abstract]
Number of Communities | community										69	71
Percentage of total revenues (in hundredths)										41.80%	40.50%
[1]	Primarily consists of corporate cash which is not directly attributable to our reportable business segments.

REAL ESTATE INVESTMENTS (Detail

REAL ESTATE INVESTMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Damage remediation costs for Hurricane Irma	$ 1,500
Gross Carrying Amount [Abstract]
Gross Carrying Amount	2,511,762	$ 2,773,179
Accumulated Depreciation	(275,794)	(218,968)
Net real estate property	2,235,968	2,554,211
Depreciation expense	91,600	92,400	$ 72,800
Real Estate Intangibles [Abstract]
Gross Carrying Amount	264,438	319,929
Accumulated amortization	(249,198)	(255,452)
Net real estate intangibles	15,240	64,477
Amortization expense	48,300	92,200	87,600
Rental Revenue
Real Estate Intangibles [Abstract]
Accretion of below market leases	100	100	$ 100
Land
Gross Carrying Amount [Abstract]
Gross Carrying Amount	182,238	220,317
Accumulated Depreciation	0	0
Net real estate property	182,238	220,317
Building and improvements
Gross Carrying Amount [Abstract]
Gross Carrying Amount	2,216,461	2,430,658
Accumulated Depreciation	(208,540)	(163,670)
Net real estate property	2,007,921	2,266,988
Furniture, fixtures and equipment
Gross Carrying Amount [Abstract]
Gross Carrying Amount	113,063	122,204
Accumulated Depreciation	(67,254)	(55,298)
Net real estate property	45,809	66,906
Above/below market lease intangibles, net
Real Estate Intangibles [Abstract]
Gross Carrying Amount	1,607	2,426
Accumulated amortization	(380)	(419)
Net real estate intangibles	$ 1,227	$ 2,007
Weighted Average Remaining Amortization Period	12 years 11 months	13 years 5 months
In-place lease and other intangibles
Real Estate Intangibles [Abstract]
Gross Carrying Amount	$ 262,831	$ 317,503
Accumulated amortization	(248,818)	(255,033)
Net real estate intangibles	$ 14,013	$ 62,470
Weighted Average Remaining Amortization Period	18 years 4 months	5 years 2 months

REAL ESTATE INVESTMENTS - Estim

REAL ESTATE INVESTMENTS - Estimated Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Estimated Future Amortization of Intangible Assets
2,018	$ 8,344
2,019	448
2,020	448
2,021	448
2,022	448
Thereafter	5,104
Net real estate intangibles	$ 15,240	$ 64,477

RECEIVABLES AND OTHER ASSETS,43

RECEIVABLES AND OTHER ASSETS, NET (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Receivables and Other Assets [Abstract]
Number of properties held for sale			2
Escrows held by lenders	[1]	$ 16,936	$ 36,231
Prepaid expenses		4,490	3,617
Resident receivables, net		2,672	3,111
Deferred tax assets		5,475	8,660
Security deposits		3,222	3,238
Income tax receivable		802	1,313
Assets held for sale	[2]	0	10,824
Other assets and receivables		3,450	4,240
Total receivables and other assets		37,047	71,234
Allowance for Doubtful Accounts [Roll Forward]
Balance, beginning of period		976	509	$ 190
Provision for bad debt		2,228	2,150	2,105
Write-offs, net of recoveries		(2,266)	(1,683)	(1,786)
Balance, end of period		$ 938	$ 976	$ 509
[1]	Represents amounts held by lenders in tax, insurance, replacement reserve and other escrow accounts that are related to mortgage notes collateralized by New Senior’s properties.
[2]	The balance as of December 31, 2016 represents two AL/MC properties in the Managed Properties segment and primarily consists of the carrying value of buildings and land. These properties were sold on January 31, 2017.

MORTGAGE NOTES PAYABLE, NET (De

MORTGAGE NOTES PAYABLE, NET (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Balloon payment		$ 1,757,007
Mortgage Notes Payable [Abstract]
Deferred financing costs		17,200	$ 27,800
Refinanced mortgage loans				$ 297,000
Loss on extinguishment of debt		3,902	245	5,091
Early repayment of notes payable		204,730	13,725	$ 304,484
Contractual Maturities [Abstract]
2,018		78,998
2,019		124,207
2,020		55,153
2,021		340,568
2,022		581,415
Thereafter		744,757
Total		1,925,098
Due in next 12 months [Member]
Debt Instrument [Line Items]
Balloon payment	[1]	50,740
Contractual Maturities [Abstract]
2,018		28,258
Mortgage Notes Payable
Mortgage Notes Payable [Abstract]
Outstanding Face Amount		1,925,098	2,156,774
Carrying value	[2]	$ 1,907,928	2,130,387
Weighted Average Maturity (Years)		4 years 9 months
Mortgage Notes Payable | Level 3
Contractual Maturities [Abstract]
Fair value of mortgage notes payable		$ 1,900,000	2,100,000
Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Carrying value of collateral		1,500,000	1,600,000
Mortgage Notes Payable | Floating Rate
Mortgage Notes Payable [Abstract]
Carrying value of collateral		800,000	1,000,000
Due in year two [Member]
Debt Instrument [Line Items]
Balloon payment		95,345
Contractual Maturities [Abstract]
2,019		28,862
Due in year three [Member]
Debt Instrument [Line Items]
Balloon payment		24,950
Contractual Maturities [Abstract]
2,020		30,203
Due in year four [Member]
Debt Instrument [Line Items]
Balloon payment		311,518
Contractual Maturities [Abstract]
2,021		29,050
Due in year five [Member]
Debt Instrument [Line Items]
Balloon payment		561,477
Contractual Maturities [Abstract]
2,022		19,938
Due after year five [Member]
Debt Instrument [Line Items]
Balloon payment		712,977
Contractual Maturities [Abstract]
Thereafter		31,780
Total outstanding principal [Member]
Contractual Maturities [Abstract]
Total		$ 168,091
Managed Properties | Mortgage Notes Payable | LIBOR | Minimum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)		3.30%
Managed Properties | Mortgage Notes Payable | LIBOR | Maximum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)		3.80%
Managed Properties | Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount		$ 563,526	604,749
Carrying value	[2]	$ 560,182	601,232
Weighted Average Maturity (Years)		6 years 6 months
Managed Properties | Mortgage Notes Payable | Fixed Rate | Minimum
Mortgage Notes Payable [Abstract]
Interest rate		3.65%
Managed Properties | Mortgage Notes Payable | Fixed Rate | Maximum
Mortgage Notes Payable [Abstract]
Interest rate		4.93%
Managed Properties | Mortgage Notes Payable | Floating Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount	[3]	$ 640,880	717,254
Carrying value	[2],[3]	$ 636,166	710,672
Weighted Average Maturity (Years)	[3]	4 years 1 month
Managed Properties | Mortgage Notes Payable | Floating Rate | LIBOR | Minimum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)		2.20%
Managed Properties | Mortgage Notes Payable | Floating Rate | LIBOR | Maximum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)		2.70%
Triple Net Lease | Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount	[4]	$ 669,656	683,137
Carrying value	[2],[4]	$ 660,646	667,579
Weighted Average Maturity (Years)	[4]	4 years 4 months
Triple Net Lease | Mortgage Notes Payable | Fixed Rate | Minimum
Mortgage Notes Payable [Abstract]
Interest rate		3.80%
Triple Net Lease | Mortgage Notes Payable | Fixed Rate | Maximum
Mortgage Notes Payable [Abstract]
Interest rate		7.40%
Triple Net Lease | Mortgage Notes Payable | Floating Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount		$ 51,036	151,634
Carrying value	[2]	$ 50,934	$ 150,904
Weighted Average Maturity (Years)		4 months
Triple Net Lease | Mortgage Notes Payable | Floating Rate | LIBOR | Minimum
Mortgage Notes Payable [Abstract]
Basis spread on variable rate (in hundredths)		3.00%
Mortgage Loans, Face Amounts of 336,800 [Member] | Triple Net Lease | Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount		$ 336,800
Mortgage Loans, Face Amounts of 336,800 [Member] | Triple Net Lease | Mortgage Notes Payable | Fixed Rate | Minimum
Mortgage Notes Payable [Abstract]
Interest rate		4.00%
Mortgage Loans, Face Amounts of 336,800 [Member] | Triple Net Lease | Mortgage Notes Payable | Fixed Rate | Maximum
Mortgage Notes Payable [Abstract]
Interest rate		4.99%
Mortgage Loans, Face Amounts of 286,500 [Member] | Triple Net Lease | Mortgage Notes Payable | Fixed Rate
Mortgage Notes Payable [Abstract]
Outstanding Face Amount		$ 286,500
Mortgage Loans, Face Amounts of 286,500 [Member] | Triple Net Lease | Mortgage Notes Payable | Fixed Rate | Minimum
Mortgage Notes Payable [Abstract]
Interest rate		3.80%
Mortgage Loans, Face Amounts of 286,500 [Member] | Triple Net Lease | Mortgage Notes Payable | Fixed Rate | Maximum
Mortgage Notes Payable [Abstract]
Interest rate		4.55%
[1]	In February 2018, we exercised an option to extend the balloon payment to April 2019. See Note 15 for additional information.
[2]	The totals are reported net of deferred financing costs of $17.2 million and $27.8 million as of December 31, 2017 and 2016, respectively.
[3]	The balance as of December 31, 2016 represents two AL/MC properties in the Managed Properties segment and primarily consists of the carrying value of buildings and land. These properties were sold on January 31, 2017.
[4]	Includes loans with an outstanding face amount of $336.8 million and $286.5 million, as of December 31, 2017, for which we bought down the interest rates to 4.00% and 3.80%, respectively, through January 2019. The interest rates will increase to 4.99% and 4.55%, respectively, thereafter.

ACCRUED EXPENSES AND OTHER LI45

ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Accounts Payable and Accrued Liabilities [Abstract]
Security deposits payable		$ 46,291	$ 57,186
Escrow liabilities	[1]	6,664	10,503
Accounts payable		9,794	10,137
Mortgage interest payable		6,297	6,671
Deferred community fees, net		4,612	5,257
Rent collected in advance		2,091	3,180
Property tax payable		3,331	3,877
Other liabilities		5,584	4,012
Accrued expenses and other liabilities		$ 84,664	$ 100,823
[1]	Represents amounts held by lenders in tax, insurance, replacement reserve and other escrow accounts that are related to mortgage notes collateralized by New Senior’s triple net lease properties.

TRANSACTIONS WITH AFFILIATES (D

TRANSACTIONS WITH AFFILIATES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Management and Lease Agreements [Abstract]
Management fees and incentive compensation to affiliate	$ 18,225	$ 18,143	$ 14,279
Due to affiliates	9,550	11,623
Property management fees	18,296	19,724	16,167
Travel reimbursement costs	304	366	369
Property-level payroll expenses	92,167	104,180	85,477
Rental revenue	$ 112,391	112,966	111,154
Manager
Management and Lease Agreements [Abstract]
Management fee rate payable (in hundredths)	1.50%
Management fees and incentive compensation to affiliate	$ 15,300	15,400	14,300
Percentage used in calculation of annual incentive compensation paid to Manager (in hundredths)	25.00%
Interest rate used in calculation of annual incentive compensation paid to Manager (in hundredths)	10.00%
Reimbursement to manger for other tasks and services under the management agreement	$ 9,267	9,768	9,680
Managed Properties
Management and Lease Agreements [Abstract]
Rental revenue	$ 0	0	0
Managed Properties | Property Managers
Management and Lease Agreements [Abstract]
Extension period after initial term of Property Management Agreements	1 year
Managed Properties | Blue Harbor and Holiday | Independent Living Properties
Management and Lease Agreements [Abstract]
Percentage of property's effective gross income paid as property management fees (in hundredths)	5.00%
Managed Properties | Blue Harbor and Holiday | Assisted Living/Memory Care Properties
Management and Lease Agreements [Abstract]
Percentage of property's gross income paid as property management fees for first two years (in hundredths)	6.00%
Percentage of property's gross income paid as property management fees thereafter (in hundredths)	7.00%
Triple Net Lease
Management and Lease Agreements [Abstract]
Rental revenue	$ 112,391	112,966	111,154
Triple Net Lease | Holiday
Management and Lease Agreements [Abstract]
Rental revenue	74,200	71,000	68,000
General and administrative expense | Manager
Management and Lease Agreements [Abstract]
Reimbursement to manger for other tasks and services under the management agreement	7,570	8,158	6,607
Acquisition, transaction and integration expense | Manager
Management and Lease Agreements [Abstract]
Reimbursement to manger for other tasks and services under the management agreement	1,697	1,610	3,073
Management fees under management agreement | Manager
Management and Lease Agreements [Abstract]
Due to affiliates	1,300	1,300
Incentive compensation under management agreement | Manager
Management and Lease Agreements [Abstract]
Incentive compensation	2,900	2,700	0
Due to affiliates	0	2,100
Property management fees under property management agreement | Property Managers
Management and Lease Agreements [Abstract]
Due to affiliates	1,400	1,700
Reimbursement of property-Level payroll expenses under property management agreement | Manager
Management and Lease Agreements [Abstract]
Due to affiliates	1,300	1,000
Reimbursement of property-Level payroll expenses under property management agreement | Property Managers
Management and Lease Agreements [Abstract]
Due to affiliates	$ 5,600	5,500
Minimum | Managed Properties | Property Managers
Management and Lease Agreements [Abstract]
Initial term of Property Management Agreements	5 years
Maximum | Managed Properties | Property Managers
Management and Lease Agreements [Abstract]
Initial term of Property Management Agreements	10 years
Employee severance
Management and Lease Agreements [Abstract]
Restructuring Costs		$ 100	$ 700

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current
Federal									$ (10)	$ 16	$ 26
State and local									337	326	84
Total current provision									327	342	110
Deferred
Federal									3,376	89	(3,576)
State and local									(191)	8	(189)
Total deferred provision									3,185	97	(3,765)
Total provision (benefit) for income taxes	$ 3,239	$ (80)	$ 147	$ 206	$ 408	$ 782	$ (525)	$ (226)	$ 3,512	$ 439	$ (3,655)
Reconciliation of Statutory to Effective Tax Rate [Abstract]
Statutory U.S. federal income tax rate									35.00%	35.00%	35.00%
Non-taxable REIT (loss)									(32.19%)	(35.16%)	(30.87%)
State and local taxes									0.61%	(0.39%)	0.16%
Change in federal tax rate									18.87%	0.00%	0.00%
Other									0.06%	(0.06%)	(0.06%)
Effective income tax rate									22.35%	(0.61%)	4.23%
Deferred tax assets:
Prepaid fees and rent	790				1,816				$ 790	$ 1,816
Net operating loss	4,050				4,386				4,050	4,386
Deferred rent	949				3,129				949	3,129
Tax credits	42				42				42	42
Other	99				113				99	113
Total deferred tax assets	5,930				9,486				5,930	9,486
Less valuation allowance	0				0				0	0
Net deferred tax assets	5,930				9,486				5,930	9,486
Deferred tax liabilities:
Depreciation and amortization	455				826				455	826
Total deferred tax liabilities	455				826				455	826
Total net deferred tax assets	5,475				$ 8,660				5,475	$ 8,660
Loss carryforwards for federal income tax purposes	$ 15,800								$ 15,800
Operating loss carryforwards, expiration date									Dec. 31, 2034
Changes Due to Tax Cuts and Jobs Act [Abstract]
Remeasurement of deferred tax assets									$ 3,000
Federal corporate tax rate under the Tax Cuts and Jobs Act									21.00%

EQUITY AND EARNINGS PER SHARE E

EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Outstanding Options (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price adjustment for dividends deemed return of capital		$ 0.97	$ 0.98
Nonqualified Stock Option and Incentive Award Plan | Stock Options
Outstanding Options [Abstract]
December 31, 2016 (in shares)	7,278,354
Expired / Forfeited (in shares)	(116,330)
Reverted to Manager	0
December 31, 2017 (in shares)	7,162,024
Nonqualified Stock Option and Incentive Award Plan | Stock Options | Independent Directors
Outstanding Options [Abstract]
December 31, 2016 (in shares)	25,000
Expired / Forfeited (in shares)	0
Reverted to Manager	0
December 31, 2017 (in shares)	25,000
Nonqualified Stock Option and Incentive Award Plan | Stock Options | Manager
Outstanding Options [Abstract]
December 31, 2016 (in shares)	6,578,114
Expired / Forfeited (in shares)	(110,029)
Reverted to Manager	266,657
December 31, 2017 (in shares)	6,734,742
Nonqualified Stock Option and Incentive Award Plan | Stock Options | Manager's Employees
Outstanding Options [Abstract]
December 31, 2016 (in shares)	675,240
Expired / Forfeited (in shares)	(6,301)
Reverted to Manager	(266,657)
December 31, 2017 (in shares)	402,282

EQUITY AND EARNINGS PER SHARE49

EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Outstanding Options by Date of Grant (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Mar. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options				5,000
Stock Options | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options		7,162,024	7,278,354
Manager | Stock Options | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		7,162,024
Manager | Stock Options | March 2011 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		182,527
Weighted average exercise price	[1]	$ 5.23
Intrinsic Value (millions)		$ 0.4
Manager | Stock Options | September 2011 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		283,305
Weighted average exercise price	[1]	$ 2.14
Intrinsic Value (millions)		$ 1.5
Manager | Stock Options | April 2012 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		257,660
Weighted average exercise price	[1]	$ 5.71
Intrinsic Value (millions)		$ 0.5
Manager | Stock Options | May 2012 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		312,026
Weighted average exercise price	[1]	$ 6.80
Intrinsic Value (millions)		$ 0.2
Manager | Stock Options | July 2012 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		346,343
Weighted average exercise price	[1]	$ 6.76
Intrinsic Value (millions)		$ 0.3
Manager | Stock Options | January 2013 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		958,331
Weighted average exercise price	[1]	$ 12.47
Intrinsic Value (millions)		$ 0
Manager | Stock Options | February 2013 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		383,331
Weighted average exercise price	[1]	$ 14.90
Intrinsic Value (millions)		$ 0
Manager | Stock Options | June 2013 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		670,829
Weighted average exercise price	[1]	$ 15.94
Intrinsic Value (millions)		$ 0
Manager | Stock Options | November 2013 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		965,847
Weighted average exercise price	[1]	$ 17.28
Intrinsic Value (millions)		$ 0
Manager | Stock Options | August 2014 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		765,416
Weighted average exercise price	[1]	$ 18.94
Intrinsic Value (millions)		$ 0
Manager | Stock Options | November 2014 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		20,000
Weighted average exercise price	[1]	$ 15.26
Intrinsic Value (millions)		$ 0
Manager | Stock Options | June 2015 | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable	[2]	2,011,409
Weighted average exercise price	[1],[2]	$ 11.80
Intrinsic Value (millions)	[2]	$ 0
Manager | Stock Options | Granted March 2016 [Member] | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding and Exercisable		5,000
Weighted average exercise price	[1]	$ 9.15
Exercisable options [Member] | Stock Options | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average exercise price (in dollars per share)		$ 12.72
Intrinsic Value (millions)		$ 2.9
Weighted average remaining life (years)		5 years 11 months
[1]	The strike prices are subject to adjustment in connection with return of capital dividends.
[2]	Includes 402,282 options that the Manager assigned to Fortress employees.

EQUITY AND EARNINGS PER SHARE50

EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016		Dec. 31, 2015		Mar. 31, 2017	Mar. 31, 2016	Mar. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock, net (in shares)				20,114,090
Proceeds from issuance of common stock and exercise of options	$ 0	$ 0		$ 276,569
Dividends declared per share of common stock (in dollars per share)	$ 1.04	$ 1.04		$ 0.75
Stock Repurchased and Retired During Period, Value		$ 30,913		$ 10,273
Repurchase of common stock (in shares)		3,333,333		1,112,000
Director’s shares issued	21,622
Repurchase of common stock	$ 0	$ 30,913		$ 10,273
Common stock, shares outstanding (in shares)	82,148,869	82,127,247
Exercise price adjustment for dividends deemed return of capital						$ 0.97	$ 0.98
Number of options (in shares)								5,000
Share price (in dollars per share)	$ 7.56
Common stock, shares issued (in shares)	82,148,869	82,127,247
Stock options (A)	596,027	0	[1]	0	[1]
Fortress Investment Group, LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares outstanding (in shares)	1,300,000
Stock Options | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum amount available for repurchase	30,000,000
Term of plan	10 years
Percentage increase in number of common stock shares reserved for issuance (in hundredths)	10.00%
Maximum percentage of shares that can be issued to Manager in connection with capital raising efforts (in hundredths)	10.00%
Number of options converted in connection with spin-off (in shares)	5,500,000
Period used to calculate average closing price to set exercise price of options	5 days
Number of options (in shares)	7,162,024	7,278,354
Minimum | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options expiry date	Jan. 12, 2015
Maximum | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options expiry date	Aug. 18, 2024
Independent Directors | Stock Options | Nonqualified Stock Option and Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options (in shares)	25,000	25,000
Equity Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options (A)		539,783		635,624
[1]	During the years ended December 31, 2016 and 2015, 539,783 and 635,624 potentially dilutive shares, respectively, were excluded given our loss position, so basic EPS and diluted EPS were the same for each reporting period.

EQUITY AND EARNINGS PER SHARE51

EQUITY AND EARNINGS PER SHARE EQUITY AND EARNINGS PER SHARE - Earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016		Dec. 31, 2015
Equity and earnings per share [Abstract]
Earnings per share, Diluted	$ 0.41	$ (0.18)	$ 0.04	$ (0.12)					$ 0.15	$ (0.88)		$ (1.08)
Earnings per share, Basic	$ 0.41	$ (0.18)	$ 0.04	$ (0.12)					$ 0.15	$ (0.88)		$ (1.08)
Stock options (A)									596,027	0	[1]	0	[1]
Weighted average number of shares outstanding, Diluted	82,632,232	82,148,869	82,778,761	82,140,750					82,741,322	82,357,349		76,601,161
Net loss	$ 33,521	$ (14,539)	$ 3,121	$ (9,895)	$ (2,802)	$ (20,241)	$ (27,358)	$ (21,848)	$ 12,208	$ (72,249)		$ (82,425)
Weighted average number of shares outstanding, Basic	82,148,869	82,148,869	82,142,562	82,140,750					82,145,295	82,357,349		76,601,161
[1]	During the years ended December 31, 2016 and 2015, 539,783 and 635,624 potentially dilutive shares, respectively, were excluded given our loss position, so basic EPS and diluted EPS were the same for each reporting period.

CONCENTRATION OF CREDIT RISK (D

CONCENTRATION OF CREDIT RISK (Details)	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015
Concentration of Credit Risk [Abstract]
Security deposit	$ 3,222,000	$ 3,238,000
Holiday | Real Estate Investment | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	44.40%	46.80%	46.80%
Holiday | Segment Real Estate Investments | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	73.10%	78.20%	77.90%
Holiday | Segment revenue | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	63.70%	65.90%	57.70%
Holiday | Segment NOI | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	73.40%	72.30%	62.20%
Other | Real Estate Investment | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	8.50%	10.00%	10.60%
Blue Harbor | Real Estate Investment | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	10.30%	10.50%	10.50%
Blue Harbor | Segment Real Estate Investments | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	16.90%	17.50%	17.50%
Blue Harbor | Segment revenue | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	28.30%	29.60%	38.80%
Blue Harbor | Segment NOI | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	21.90%	24.20%	34.40%
Tenant for Holiday Portfolios
Concentration of Credit Risk [Abstract]
Security deposit	$ 43,400,000
Minimum net worth required by guarantor	$ 150,000,000
Minimum fixed coverage ratio	1.10
Maximum leverage ratio	10
Tenant for Holiday Portfolios | Real Estate Investment | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Percentage of real estate investments managed and operated (in hundredths)	36.80%	32.70%	32.10%
Tenant for Holiday Portfolios | Triple Net Lease | Segment revenue | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Concentration risk percentage (in hundredths)	19.90%	18.90%	23.00%
Tenant for Holiday Portfolios | Triple Net Lease | Segment NOI | Credit Concentration Risk
Concentration of Credit Risk [Abstract]
Concentration risk percentage (in hundredths)	40.70%	38.90%	45.00%

FUTURE MINIMUM RENTS (Details)

FUTURE MINIMUM RENTS (Details) $ in Thousands	Dec. 31, 2017USD ($)
Future Contracted Minimum Rental Revenue [Abstract]
2,018	$ 82,398
2,019	85,240
2,020	88,180
2,021	91,222
2,022	94,370
Thereafter	887,592
Total	$ 1,329,002

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - Watermark - Triple Net Lease $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Capital Improvement and Repair Commitments [Abstract]
Capital improvements	$ 1
Lease period	15 years

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 20, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Feb. 05, 2018
Subsequent Event [Line Items]
Balloon payment		$ 1,757,007
Dividends declared per share of common stock (in dollars per share)		$ 1.04	$ 1.04	$ 0.75
Subsequent Event
Subsequent Event [Line Items]
Balloon payment					$ 50,700
Dividends declared per share of common stock (in dollars per share)	$ 0.26

QUARTERLY FINANCIAL INFORMATI56

QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summarized Quarterly Financial Data [Abstract]
Revenue	$ 106,916	$ 112,955	$ 114,286	$ 114,973	$ 117,495	$ 118,457	$ 118,541	$ 117,945	$ 449,130	$ 472,438	$ 388,478
Net operating income	53,732	54,346	55,618	55,389	57,053	57,103	57,935	57,320	219,085	229,411	198,935
(Loss) income before income taxes	36,760	(14,619)	3,268	(9,689)	(2,394)	(19,459)	(27,883)	(22,074)	15,720	(71,810)	(86,080)
Income tax expense (benefit)	3,239	(80)	147	206	408	782	(525)	(226)	3,512	439	(3,655)
Net income (loss)	$ 33,521	$ (14,539)	$ 3,121	$ (9,895)	$ (2,802)	$ (20,241)	$ (27,358)	$ (21,848)	$ 12,208	$ (72,249)	$ (82,425)
Earnings per share, Basic	$ 0.41	$ (0.18)	$ 0.04	$ (0.12)					$ 0.15	$ (0.88)	$ (1.08)
Earnings per share, Diluted	$ 0.41	$ (0.18)	$ 0.04	$ (0.12)					$ 0.15	$ (0.88)	$ (1.08)
Weighted average number of shares outstanding, Basic	82,148,869	82,148,869	82,142,562	82,140,750					82,145,295	82,357,349	76,601,161
Net (loss) income per share of common stock
Basic and diluted (in dollars per share)					$ (0.03)	$ (0.25)	$ (0.33)	$ (0.26)		$ (0.88)
Weighted average number of shares of common stock outstanding
Basic and diluted (in shares)					82,127,247	82,126,397	82,114,218	83,066,599		82,357,349
Weighted average number of shares outstanding, Diluted	82,632,232	82,148,869	82,778,761	82,140,750					82,741,322	82,357,349	76,601,161

SCHEDULE III, REAL ESTATE AND57

SCHEDULE III, REAL ESTATE AND ACCUMULATED DEPRECIATION, Real Estate and Accumulated Depreciation, by Property (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 1,925,098
Initial Cost to the Company
Land	[1]	182,238
Buildings and Improvements	[1]	2,194,262
Furniture, Fixtures and Equipment	[1]	88,808
Costs Capitalized Subsequent to Acquisition		46,454
Gross Amount Carried at Close of Period
Land		182,238
Buildings and Improvements		2,216,461
Furniture, Fixtures and Equipment		113,063
Total		2,511,762	$ 2,773,179	$ 2,790,928	$ 1,638,929
Accumulated Depreciation		(275,794)	$ (218,968)	$ (129,788)	$ (56,988)
Net Book Value		2,235,968
Federal income tax basis		2,520,000
Managed Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		1,204,406
Initial Cost to the Company
Land		118,637
Buildings and Improvements		1,296,317
Furniture, Fixtures and Equipment		55,774
Costs Capitalized Subsequent to Acquisition		45,464
Gross Amount Carried at Close of Period
Land		118,637
Buildings and Improvements		1,317,771
Furniture, Fixtures and Equipment		79,784
Total		1,516,192
Accumulated Depreciation		(158,519)
Net Book Value		1,357,673
Managed Properties | Andover Place | Little Rock, AR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		13,995
Initial Cost to the Company
Land		629
Buildings and Improvements		14,664
Furniture, Fixtures and Equipment		783
Costs Capitalized Subsequent to Acquisition		285
Gross Amount Carried at Close of Period
Land		629
Buildings and Improvements		14,785
Furniture, Fixtures and Equipment		947
Total		16,361
Accumulated Depreciation		(1,381)
Net Book Value		$ 14,980
Year Acquired		2,015
Managed Properties | Andover Place | Little Rock, AR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Andover Place | Little Rock, AR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Desert Flower | Scottsdale, AZ | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 17,050
Initial Cost to the Company
Land		2,295
Buildings and Improvements		16,901
Furniture, Fixtures and Equipment		101
Costs Capitalized Subsequent to Acquisition		1,414
Gross Amount Carried at Close of Period
Land		2,295
Buildings and Improvements		17,814
Furniture, Fixtures and Equipment		602
Total		20,711
Accumulated Depreciation		(2,933)
Net Book Value		$ 17,778
Year Acquired		2,012
Managed Properties | Desert Flower | Scottsdale, AZ | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Desert Flower | Scottsdale, AZ | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Arcadia Place | Vista, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 16,575
Initial Cost to the Company
Land		1,569
Buildings and Improvements		14,252
Furniture, Fixtures and Equipment		804
Costs Capitalized Subsequent to Acquisition		436
Gross Amount Carried at Close of Period
Land		1,569
Buildings and Improvements		14,414
Furniture, Fixtures and Equipment		1,078
Total		17,061
Accumulated Depreciation		(1,477)
Net Book Value		$ 15,584
Year Acquired		2,015
Managed Properties | Arcadia Place | Vista, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Arcadia Place | Vista, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Chateau at Harveston | Temecula, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 24,964
Initial Cost to the Company
Land		1,564
Buildings and Improvements		27,532
Furniture, Fixtures and Equipment		838
Costs Capitalized Subsequent to Acquisition		161
Gross Amount Carried at Close of Period
Land		1,564
Buildings and Improvements		27,620
Furniture, Fixtures and Equipment		911
Total		30,095
Accumulated Depreciation		(2,453)
Net Book Value		$ 27,642
Year Acquired		2,015
Managed Properties | Chateau at Harveston | Temecula, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Chateau at Harveston | Temecula, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Golden Oaks | Yucaipa, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 22,454
Initial Cost to the Company
Land		772
Buildings and Improvements		24,989
Furniture, Fixtures and Equipment		867
Costs Capitalized Subsequent to Acquisition		324
Gross Amount Carried at Close of Period
Land		772
Buildings and Improvements		25,118
Furniture, Fixtures and Equipment		1,062
Total		26,952
Accumulated Depreciation		(2,415)
Net Book Value		$ 24,537
Year Acquired		2,015
Managed Properties | Golden Oaks | Yucaipa, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Golden Oaks | Yucaipa, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Orchard Park | Clovis, CA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,957
Initial Cost to the Company
Land		1,126
Buildings and Improvements		16,889
Furniture, Fixtures and Equipment		45
Costs Capitalized Subsequent to Acquisition		702
Gross Amount Carried at Close of Period
Land		1,126
Buildings and Improvements		17,351
Furniture, Fixtures and Equipment		285
Total		18,762
Accumulated Depreciation		(2,816)
Net Book Value		$ 15,946
Year Acquired		2,012
Managed Properties | Orchard Park | Clovis, CA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Orchard Park | Clovis, CA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Rancho Village | Palmdale, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 18,429
Initial Cost to the Company
Land		323
Buildings and Improvements		22,341
Furniture, Fixtures and Equipment		882
Costs Capitalized Subsequent to Acquisition		365
Gross Amount Carried at Close of Period
Land		323
Buildings and Improvements		22,410
Furniture, Fixtures and Equipment		1,178
Total		23,911
Accumulated Depreciation		(2,270)
Net Book Value		$ 21,641
Year Acquired		2,015
Managed Properties | Rancho Village | Palmdale, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Rancho Village | Palmdale, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Sunshine Villa | Santa Cruz, CA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 20,661
Initial Cost to the Company
Land		2,243
Buildings and Improvements		21,082
Furniture, Fixtures and Equipment		58
Costs Capitalized Subsequent to Acquisition		795
Gross Amount Carried at Close of Period
Land		2,243
Buildings and Improvements		21,498
Furniture, Fixtures and Equipment		437
Total		24,178
Accumulated Depreciation		(3,476)
Net Book Value		$ 20,702
Year Acquired		2,012
Managed Properties | Sunshine Villa | Santa Cruz, CA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Sunshine Villa | Santa Cruz, CA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | The Remington | Hanford, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,628
Initial Cost to the Company
Land		1,300
Buildings and Improvements		16,003
Furniture, Fixtures and Equipment		825
Costs Capitalized Subsequent to Acquisition		415
Gross Amount Carried at Close of Period
Land		1,300
Buildings and Improvements		16,123
Furniture, Fixtures and Equipment		1,120
Total		18,543
Accumulated Depreciation		(1,561)
Net Book Value		$ 16,982
Year Acquired		2,015
Managed Properties | The Remington | Hanford, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | The Remington | Hanford, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | The Springs of Escondido | Escondido, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,375
Initial Cost to the Company
Land		670
Buildings and Improvements		14,392
Furniture, Fixtures and Equipment		721
Costs Capitalized Subsequent to Acquisition		1,491
Gross Amount Carried at Close of Period
Land		670
Buildings and Improvements		15,168
Furniture, Fixtures and Equipment		1,436
Total		17,274
Accumulated Depreciation		(1,502)
Net Book Value		$ 15,772
Year Acquired		2,015
Managed Properties | The Springs of Escondido | Escondido, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | The Springs of Escondido | Escondido, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | The Springs of Napa | Napa, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,408
Initial Cost to the Company
Land		2,420
Buildings and Improvements		11,978
Furniture, Fixtures and Equipment		700
Costs Capitalized Subsequent to Acquisition		209
Gross Amount Carried at Close of Period
Land		2,420
Buildings and Improvements		12,008
Furniture, Fixtures and Equipment		879
Total		15,307
Accumulated Depreciation		(1,306)
Net Book Value		$ 14,001
Year Acquired		2,015
Managed Properties | The Springs of Napa | Napa, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | The Springs of Napa | Napa, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Quincy Place | Denver, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 16,435
Initial Cost to the Company
Land		1,180
Buildings and Improvements		18,200
Furniture, Fixtures and Equipment		825
Costs Capitalized Subsequent to Acquisition		491
Gross Amount Carried at Close of Period
Land		1,180
Buildings and Improvements		18,340
Furniture, Fixtures and Equipment		1,176
Total		20,696
Accumulated Depreciation		(1,659)
Net Book Value		$ 19,037
Year Acquired		2,015
Managed Properties | Quincy Place | Denver, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Quincy Place | Denver, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Augustine Landing | Jacksonville, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 19,076
Initial Cost to the Company
Land		680
Buildings and Improvements		19,635
Furniture, Fixtures and Equipment		770
Costs Capitalized Subsequent to Acquisition		240
Gross Amount Carried at Close of Period
Land		680
Buildings and Improvements		19,761
Furniture, Fixtures and Equipment		884
Total		21,325
Accumulated Depreciation		(1,679)
Net Book Value		$ 19,646
Year Acquired		2,015
Managed Properties | Augustine Landing | Jacksonville, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Augustine Landing | Jacksonville, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Barkley Place | Fort Myers, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,254
Initial Cost to the Company
Land		1,929
Buildings and Improvements		9,158
Furniture, Fixtures and Equipment		1,040
Costs Capitalized Subsequent to Acquisition		576
Gross Amount Carried at Close of Period
Land		1,929
Buildings and Improvements		9,887
Furniture, Fixtures and Equipment		887
Total		12,703
Accumulated Depreciation		(2,205)
Net Book Value		$ 10,498
Year Acquired		2,013
Managed Properties | Barkley Place | Fort Myers, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Barkley Place | Fort Myers, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Grace Manor | Port Orange, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 4,146
Initial Cost to the Company
Land		950
Buildings and Improvements		4,482
Furniture, Fixtures and Equipment		135
Costs Capitalized Subsequent to Acquisition		152
Gross Amount Carried at Close of Period
Land		950
Buildings and Improvements		4,560
Furniture, Fixtures and Equipment		209
Total		5,719
Accumulated Depreciation		(459)
Net Book Value		$ 5,260
Year Acquired		2,015
Managed Properties | Grace Manor | Port Orange, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Grace Manor | Port Orange, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Marion Woods | Ocala, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 19,936
Initial Cost to the Company
Land		540
Buildings and Improvements		20,048
Furniture, Fixtures and Equipment		882
Costs Capitalized Subsequent to Acquisition		557
Gross Amount Carried at Close of Period
Land		540
Buildings and Improvements		20,198
Furniture, Fixtures and Equipment		1,289
Total		22,027
Accumulated Depreciation		(1,941)
Net Book Value		$ 20,086
Year Acquired		2,015
Managed Properties | Marion Woods | Ocala, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Marion Woods | Ocala, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Royal Palm | Port Charlotte, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,173
Initial Cost to the Company
Land		2,019
Buildings and Improvements		13,696
Furniture, Fixtures and Equipment		1,370
Costs Capitalized Subsequent to Acquisition		2,055
Gross Amount Carried at Close of Period
Land		2,019
Buildings and Improvements		14,686
Furniture, Fixtures and Equipment		2,435
Total		19,140
Accumulated Depreciation		(3,476)
Net Book Value		$ 15,664
Year Acquired		2,013
Managed Properties | Royal Palm | Port Charlotte, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Royal Palm | Port Charlotte, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Sterling Court | Deltona, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 9,249
Initial Cost to the Company
Land		1,095
Buildings and Improvements		13,960
Furniture, Fixtures and Equipment		954
Costs Capitalized Subsequent to Acquisition		259
Gross Amount Carried at Close of Period
Land		1,095
Buildings and Improvements		14,101
Furniture, Fixtures and Equipment		1,072
Total		16,268
Accumulated Depreciation		(1,726)
Net Book Value		$ 14,542
Year Acquired		2,015
Managed Properties | Sterling Court | Deltona, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Sterling Court | Deltona, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Summerfield | Bradenton, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 12,281
Initial Cost to the Company
Land		1,367
Buildings and Improvements		14,361
Furniture, Fixtures and Equipment		1,247
Costs Capitalized Subsequent to Acquisition		1,113
Gross Amount Carried at Close of Period
Land		1,367
Buildings and Improvements		14,676
Furniture, Fixtures and Equipment		2,045
Total		18,088
Accumulated Depreciation		(3,471)
Net Book Value		$ 14,617
Year Acquired		2,013
Managed Properties | Summerfield | Bradenton, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Summerfield | Bradenton, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Sunset Lake Village | Venice, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 9,931
Initial Cost to the Company
Land		1,073
Buildings and Improvements		13,254
Furniture, Fixtures and Equipment		838
Costs Capitalized Subsequent to Acquisition		745
Gross Amount Carried at Close of Period
Land		1,073
Buildings and Improvements		13,362
Furniture, Fixtures and Equipment		1,475
Total		15,910
Accumulated Depreciation		(2,592)
Net Book Value		$ 13,318
Year Acquired		2,013
Managed Properties | Sunset Lake Village | Venice, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Sunset Lake Village | Venice, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | University Pines | Pensacola, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 21,057
Initial Cost to the Company
Land		1,080
Buildings and Improvements		19,150
Furniture, Fixtures and Equipment		777
Costs Capitalized Subsequent to Acquisition		241
Gross Amount Carried at Close of Period
Land		1,080
Buildings and Improvements		19,299
Furniture, Fixtures and Equipment		869
Total		21,248
Accumulated Depreciation		(1,642)
Net Book Value		$ 19,606
Year Acquired		2,015
Managed Properties | University Pines | Pensacola, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | University Pines | Pensacola, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Venetian Gardens | Venice, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 16,360
Initial Cost to the Company
Land		865
Buildings and Improvements		21,173
Furniture, Fixtures and Equipment		860
Costs Capitalized Subsequent to Acquisition		356
Gross Amount Carried at Close of Period
Land		865
Buildings and Improvements		21,269
Furniture, Fixtures and Equipment		1,120
Total		23,254
Accumulated Depreciation		(2,227)
Net Book Value		$ 21,027
Year Acquired		2,015
Managed Properties | Venetian Gardens | Venice, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Venetian Gardens | Venice, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Village Place | Port Charlotte, FL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 8,262
Initial Cost to the Company
Land		1,064
Buildings and Improvements		8,503
Furniture, Fixtures and Equipment		679
Costs Capitalized Subsequent to Acquisition		742
Gross Amount Carried at Close of Period
Land		1,064
Buildings and Improvements		8,604
Furniture, Fixtures and Equipment		1,320
Total		10,988
Accumulated Depreciation		(1,977)
Net Book Value		$ 9,011
Year Acquired		2,013
Managed Properties | Village Place | Port Charlotte, FL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Village Place | Port Charlotte, FL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Windward Palms | Boynton Beach, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 16,597
Initial Cost to the Company
Land		1,564
Buildings and Improvements		20,097
Furniture, Fixtures and Equipment		867
Costs Capitalized Subsequent to Acquisition		672
Gross Amount Carried at Close of Period
Land		1,564
Buildings and Improvements		20,349
Furniture, Fixtures and Equipment		1,287
Total		23,200
Accumulated Depreciation		(2,180)
Net Book Value		$ 21,020
Year Acquired		2,015
Managed Properties | Windward Palms | Boynton Beach, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Windward Palms | Boynton Beach, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Ivy Springs Manor | Buford, GA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,704
Initial Cost to the Company
Land		1,230
Buildings and Improvements		13,067
Furniture, Fixtures and Equipment		270
Costs Capitalized Subsequent to Acquisition		223
Gross Amount Carried at Close of Period
Land		1,230
Buildings and Improvements		13,165
Furniture, Fixtures and Equipment		395
Total		14,790
Accumulated Depreciation		(1,171)
Net Book Value		$ 13,619
Year Acquired		2,015
Managed Properties | Ivy Springs Manor | Buford, GA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Ivy Springs Manor | Buford, GA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Pinegate | Macon, GA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 12,902
Initial Cost to the Company
Land		540
Buildings and Improvements		12,290
Furniture, Fixtures and Equipment		811
Costs Capitalized Subsequent to Acquisition		257
Gross Amount Carried at Close of Period
Land		540
Buildings and Improvements		12,403
Furniture, Fixtures and Equipment		955
Total		13,898
Accumulated Depreciation		(1,282)
Net Book Value		$ 12,616
Year Acquired		2,015
Managed Properties | Pinegate | Macon, GA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Pinegate | Macon, GA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Kalama Heights | Kihei, HI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 22,896
Initial Cost to the Company
Land		3,360
Buildings and Improvements		27,212
Furniture, Fixtures and Equipment		846
Costs Capitalized Subsequent to Acquisition		512
Gross Amount Carried at Close of Period
Land		3,360
Buildings and Improvements		27,422
Furniture, Fixtures and Equipment		1,148
Total		31,930
Accumulated Depreciation		(2,384)
Net Book Value		$ 29,546
Year Acquired		2,015
Managed Properties | Kalama Heights | Kihei, HI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Kalama Heights | Kihei, HI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Willow Park | Boise, ID | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,308
Initial Cost to the Company
Land		1,456
Buildings and Improvements		13,548
Furniture, Fixtures and Equipment		58
Costs Capitalized Subsequent to Acquisition		554
Gross Amount Carried at Close of Period
Land		1,456
Buildings and Improvements		13,948
Furniture, Fixtures and Equipment		212
Total		15,616
Accumulated Depreciation		(2,381)
Net Book Value		$ 13,235
Year Acquired		2,012
Managed Properties | Willow Park | Boise, ID | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Willow Park | Boise, ID | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Grandview | Peoria, IL | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,358
Initial Cost to the Company
Land		1,606
Buildings and Improvements		12,015
Furniture, Fixtures and Equipment		280
Costs Capitalized Subsequent to Acquisition		337
Gross Amount Carried at Close of Period
Land		1,606
Buildings and Improvements		12,192
Furniture, Fixtures and Equipment		440
Total		14,238
Accumulated Depreciation		(1,258)
Net Book Value		$ 12,980
Year Acquired		2,014
Managed Properties | Grandview | Peoria, IL | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Grandview | Peoria, IL | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Redbud Hills | Bloomington, IN | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 16,500
Initial Cost to the Company
Land		2,140
Buildings and Improvements		17,839
Furniture, Fixtures and Equipment		797
Costs Capitalized Subsequent to Acquisition		226
Gross Amount Carried at Close of Period
Land		2,140
Buildings and Improvements		17,945
Furniture, Fixtures and Equipment		917
Total		21,002
Accumulated Depreciation		(1,613)
Net Book Value		$ 19,389
Year Acquired		2,015
Managed Properties | Redbud Hills | Bloomington, IN | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Redbud Hills | Bloomington, IN | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Greenwood Terrace | Lenexa, KS | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 19,643
Initial Cost to the Company
Land		950
Buildings and Improvements		21,883
Furniture, Fixtures and Equipment		811
Costs Capitalized Subsequent to Acquisition		1,042
Gross Amount Carried at Close of Period
Land		950
Buildings and Improvements		22,022
Furniture, Fixtures and Equipment		1,714
Total		24,686
Accumulated Depreciation		(2,117)
Net Book Value		$ 22,569
Year Acquired		2,015
Managed Properties | Greenwood Terrace | Lenexa, KS | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Greenwood Terrace | Lenexa, KS | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Waterview Court | Shreveport, LA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 6,449
Initial Cost to the Company
Land		1,267
Buildings and Improvements		4,070
Furniture, Fixtures and Equipment		376
Costs Capitalized Subsequent to Acquisition		783
Gross Amount Carried at Close of Period
Land		1,267
Buildings and Improvements		4,605
Furniture, Fixtures and Equipment		624
Total		6,496
Accumulated Depreciation		(910)
Net Book Value		$ 5,586
Year Acquired		2,015
Managed Properties | Waterview Court | Shreveport, LA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Waterview Court | Shreveport, LA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Bluebird Estates | East Longmeadow, MA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 21,812
Initial Cost to the Company
Land		5,745
Buildings and Improvements		24,591
Furniture, Fixtures and Equipment		954
Costs Capitalized Subsequent to Acquisition		184
Gross Amount Carried at Close of Period
Land		5,745
Buildings and Improvements		24,694
Furniture, Fixtures and Equipment		1,035
Total		31,474
Accumulated Depreciation		(2,629)
Net Book Value		$ 28,845
Year Acquired		2,015
Managed Properties | Bluebird Estates | East Longmeadow, MA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Bluebird Estates | East Longmeadow, MA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Quail Run Estates | Agawam, MA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 18,799
Initial Cost to the Company
Land		1,410
Buildings and Improvements		21,330
Furniture, Fixtures and Equipment		853
Costs Capitalized Subsequent to Acquisition		547
Gross Amount Carried at Close of Period
Land		1,410
Buildings and Improvements		21,550
Furniture, Fixtures and Equipment		1,180
Total		24,140
Accumulated Depreciation		(2,139)
Net Book Value		$ 22,001
Year Acquired		2,015
Managed Properties | Quail Run Estates | Agawam, MA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Quail Run Estates | Agawam, MA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Genesee Gardens | Flint Township, MI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,900
Initial Cost to the Company
Land		420
Buildings and Improvements		17,080
Furniture, Fixtures and Equipment		825
Costs Capitalized Subsequent to Acquisition		439
Gross Amount Carried at Close of Period
Land		420
Buildings and Improvements		17,356
Furniture, Fixtures and Equipment		988
Total		18,764
Accumulated Depreciation		(1,574)
Net Book Value		$ 17,190
Year Acquired		2,015
Managed Properties | Genesee Gardens | Flint Township, MI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Genesee Gardens | Flint Township, MI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | The Gardens | Ocean Springs, MS | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 6,109
Initial Cost to the Company
Land		850
Buildings and Improvements		7,034
Furniture, Fixtures and Equipment		460
Costs Capitalized Subsequent to Acquisition		446
Gross Amount Carried at Close of Period
Land		850
Buildings and Improvements		7,247
Furniture, Fixtures and Equipment		693
Total		8,790
Accumulated Depreciation		(1,153)
Net Book Value		$ 7,637
Year Acquired		2,014
Managed Properties | The Gardens | Ocean Springs, MS | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | The Gardens | Ocean Springs, MS | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Aspen View | Billings, MT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,110
Initial Cost to the Company
Land		930
Buildings and Improvements		22,611
Furniture, Fixtures and Equipment		881
Costs Capitalized Subsequent to Acquisition		146
Gross Amount Carried at Close of Period
Land		930
Buildings and Improvements		22,784
Furniture, Fixtures and Equipment		854
Total		24,568
Accumulated Depreciation		(2,001)
Net Book Value		$ 22,567
Year Acquired		2,015
Managed Properties | Aspen View | Billings, MT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Aspen View | Billings, MT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Cedar Ridge | Burlington, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,637
Initial Cost to the Company
Land		1,030
Buildings and Improvements		20,330
Furniture, Fixtures and Equipment		832
Costs Capitalized Subsequent to Acquisition		259
Gross Amount Carried at Close of Period
Land		1,030
Buildings and Improvements		20,391
Furniture, Fixtures and Equipment		1,030
Total		22,451
Accumulated Depreciation		(1,718)
Net Book Value		$ 20,733
Year Acquired		2,015
Managed Properties | Cedar Ridge | Burlington, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Cedar Ridge | Burlington, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Courtyards at Berne Village | New Bern, NC | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,958
Initial Cost to the Company
Land		1,657
Buildings and Improvements		12,893
Furniture, Fixtures and Equipment		1,148
Costs Capitalized Subsequent to Acquisition		865
Gross Amount Carried at Close of Period
Land		1,657
Buildings and Improvements		13,254
Furniture, Fixtures and Equipment		1,652
Total		16,563
Accumulated Depreciation		(3,023)
Net Book Value		$ 13,540
Year Acquired		2,013
Managed Properties | Courtyards at Berne Village | New Bern, NC | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Courtyards at Berne Village | New Bern, NC | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Crescent Heights | Concord, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 21,022
Initial Cost to the Company
Land		1,960
Buildings and Improvements		21,290
Furniture, Fixtures and Equipment		867
Costs Capitalized Subsequent to Acquisition		224
Gross Amount Carried at Close of Period
Land		1,960
Buildings and Improvements		21,378
Furniture, Fixtures and Equipment		1,003
Total		24,341
Accumulated Depreciation		(2,267)
Net Book Value		$ 22,074
Year Acquired		2,015
Managed Properties | Crescent Heights | Concord, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Crescent Heights | Concord, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Forsyth Court | Winston Salem, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,274
Initial Cost to the Company
Land		1,428
Buildings and Improvements		13,286
Furniture, Fixtures and Equipment		499
Costs Capitalized Subsequent to Acquisition		943
Gross Amount Carried at Close of Period
Land		1,428
Buildings and Improvements		13,730
Furniture, Fixtures and Equipment		998
Total		16,156
Accumulated Depreciation		(1,562)
Net Book Value		$ 14,594
Year Acquired		2,015
Managed Properties | Forsyth Court | Winston Salem, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Forsyth Court | Winston Salem, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Lodge at Wake Forest | Wake Forrest, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 22,538
Initial Cost to the Company
Land		1,209
Buildings and Improvements		22,571
Furniture, Fixtures and Equipment		867
Costs Capitalized Subsequent to Acquisition		282
Gross Amount Carried at Close of Period
Land		1,209
Buildings and Improvements		22,672
Furniture, Fixtures and Equipment		1,048
Total		24,929
Accumulated Depreciation		(2,265)
Net Book Value		$ 22,664
Year Acquired		2,015
Managed Properties | Lodge at Wake Forest | Wake Forrest, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Lodge at Wake Forest | Wake Forrest, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Shads Landing | Charlotte, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 21,733
Initial Cost to the Company
Land		1,939
Buildings and Improvements		21,988
Furniture, Fixtures and Equipment		846
Costs Capitalized Subsequent to Acquisition		195
Gross Amount Carried at Close of Period
Land		1,939
Buildings and Improvements		22,086
Furniture, Fixtures and Equipment		943
Total		24,968
Accumulated Depreciation		(2,371)
Net Book Value		$ 22,597
Year Acquired		2,015
Managed Properties | Shads Landing | Charlotte, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Shads Landing | Charlotte, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Woods at Holly Tree | Wilmington, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 27,383
Initial Cost to the Company
Land		3,310
Buildings and Improvements		24,934
Furniture, Fixtures and Equipment		811
Costs Capitalized Subsequent to Acquisition		432
Gross Amount Carried at Close of Period
Land		3,310
Buildings and Improvements		25,014
Furniture, Fixtures and Equipment		1,163
Total		29,487
Accumulated Depreciation		(2,170)
Net Book Value		$ 27,317
Year Acquired		2,015
Managed Properties | Woods at Holly Tree | Wilmington, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Woods at Holly Tree | Wilmington, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Rolling Hills Ranch | Omaha, NE | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,296
Initial Cost to the Company
Land		1,022
Buildings and Improvements		16,251
Furniture, Fixtures and Equipment		846
Costs Capitalized Subsequent to Acquisition		191
Gross Amount Carried at Close of Period
Land		1,022
Buildings and Improvements		16,359
Furniture, Fixtures and Equipment		929
Total		18,310
Accumulated Depreciation		(1,825)
Net Book Value		$ 16,485
Year Acquired		2,015
Managed Properties | Rolling Hills Ranch | Omaha, NE | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Rolling Hills Ranch | Omaha, NE | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Kirkwood Corners | Lee, NH | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 2,459
Initial Cost to the Company
Land		578
Buildings and Improvements		1,847
Furniture, Fixtures and Equipment		124
Costs Capitalized Subsequent to Acquisition		319
Gross Amount Carried at Close of Period
Land		578
Buildings and Improvements		2,012
Furniture, Fixtures and Equipment		278
Total		2,868
Accumulated Depreciation		(429)
Net Book Value		$ 2,439
Year Acquired		2,014
Managed Properties | Kirkwood Corners | Lee, NH | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Kirkwood Corners | Lee, NH | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Maple Suites | Dover, NH | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 24,895
Initial Cost to the Company
Land		1,084
Buildings and Improvements		30,943
Furniture, Fixtures and Equipment		838
Costs Capitalized Subsequent to Acquisition		274
Gross Amount Carried at Close of Period
Land		1,084
Buildings and Improvements		31,059
Furniture, Fixtures and Equipment		996
Total		33,139
Accumulated Depreciation		(3,116)
Net Book Value		$ 30,023
Year Acquired		2,015
Managed Properties | Maple Suites | Dover, NH | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Maple Suites | Dover, NH | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Pine Rock Manor | Warner, NH | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 8,074
Initial Cost to the Company
Land		780
Buildings and Improvements		8,580
Furniture, Fixtures and Equipment		378
Costs Capitalized Subsequent to Acquisition		395
Gross Amount Carried at Close of Period
Land		780
Buildings and Improvements		8,784
Furniture, Fixtures and Equipment		569
Total		10,133
Accumulated Depreciation		(1,467)
Net Book Value		$ 8,666
Year Acquired		2,014
Managed Properties | Pine Rock Manor | Warner, NH | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Pine Rock Manor | Warner, NH | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Pines of New Market | Newmarket, NH | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 5,876
Initial Cost to the Company
Land		629
Buildings and Improvements		4,879
Furniture, Fixtures and Equipment		353
Costs Capitalized Subsequent to Acquisition		353
Gross Amount Carried at Close of Period
Land		629
Buildings and Improvements		5,107
Furniture, Fixtures and Equipment		478
Total		6,214
Accumulated Depreciation		(853)
Net Book Value		$ 5,361
Year Acquired		2,014
Managed Properties | Pines of New Market | Newmarket, NH | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Pines of New Market | Newmarket, NH | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Montara Meadows | Las Vegas, NV | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,670
Initial Cost to the Company
Land		1,840
Buildings and Improvements		11,654
Furniture, Fixtures and Equipment		1,206
Costs Capitalized Subsequent to Acquisition		1,250
Gross Amount Carried at Close of Period
Land		1,840
Buildings and Improvements		12,160
Furniture, Fixtures and Equipment		1,950
Total		15,950
Accumulated Depreciation		(1,787)
Net Book Value		$ 14,163
Year Acquired		2,015
Managed Properties | Montara Meadows | Las Vegas, NV | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Montara Meadows | Las Vegas, NV | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Manor at Woodside | Poughkeepsie, NY | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 17,150
Initial Cost to the Company
Land		0
Buildings and Improvements		12,130
Furniture, Fixtures and Equipment		670
Costs Capitalized Subsequent to Acquisition		799
Gross Amount Carried at Close of Period
Land		0
Buildings and Improvements		12,659
Furniture, Fixtures and Equipment		940
Total		13,599
Accumulated Depreciation		(2,418)
Net Book Value		$ 11,181
Year Acquired		2,013
Managed Properties | Manor at Woodside | Poughkeepsie, NY | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Manor at Woodside | Poughkeepsie, NY | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Alexis Gardens | Toledo, OH | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 17,384
Initial Cost to the Company
Land		450
Buildings and Improvements		18,412
Furniture, Fixtures and Equipment		811
Costs Capitalized Subsequent to Acquisition		310
Gross Amount Carried at Close of Period
Land		450
Buildings and Improvements		18,537
Furniture, Fixtures and Equipment		996
Total		19,983
Accumulated Depreciation		(1,676)
Net Book Value		$ 18,307
Year Acquired		2,015
Managed Properties | Alexis Gardens | Toledo, OH | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Alexis Gardens | Toledo, OH | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Copley Place | Copley, OH | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,308
Initial Cost to the Company
Land		553
Buildings and Improvements		19,125
Furniture, Fixtures and Equipment		867
Costs Capitalized Subsequent to Acquisition		192
Gross Amount Carried at Close of Period
Land		553
Buildings and Improvements		19,236
Furniture, Fixtures and Equipment		948
Total		20,737
Accumulated Depreciation		(2,009)
Net Book Value		$ 18,728
Year Acquired		2,015
Managed Properties | Copley Place | Copley, OH | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Copley Place | Copley, OH | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Laurelwood | Dayton, OH | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 6,815
Initial Cost to the Company
Land		1,056
Buildings and Improvements		7,755
Furniture, Fixtures and Equipment		750
Costs Capitalized Subsequent to Acquisition		747
Gross Amount Carried at Close of Period
Land		1,056
Buildings and Improvements		7,927
Furniture, Fixtures and Equipment		1,325
Total		10,308
Accumulated Depreciation		(1,795)
Net Book Value		$ 8,513
Year Acquired		2,014
Managed Properties | Laurelwood | Dayton, OH | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Laurelwood | Dayton, OH | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Lionwood | Oklahoma City, OK | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 4,523
Initial Cost to the Company
Land		744
Buildings and Improvements		5,180
Furniture, Fixtures and Equipment		383
Costs Capitalized Subsequent to Acquisition		588
Gross Amount Carried at Close of Period
Land		744
Buildings and Improvements		5,430
Furniture, Fixtures and Equipment		721
Total		6,895
Accumulated Depreciation		(794)
Net Book Value		$ 6,101
Year Acquired		2,015
Managed Properties | Lionwood | Oklahoma City, OK | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Lionwood | Oklahoma City, OK | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Parkrose Chateau | Portland, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 12,569
Initial Cost to the Company
Land		2,741
Buildings and Improvements		17,472
Furniture, Fixtures and Equipment		749
Costs Capitalized Subsequent to Acquisition		372
Gross Amount Carried at Close of Period
Land		2,741
Buildings and Improvements		17,676
Furniture, Fixtures and Equipment		917
Total		21,334
Accumulated Depreciation		(1,613)
Net Book Value		$ 19,721
Year Acquired		2,015
Managed Properties | Parkrose Chateau | Portland, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Parkrose Chateau | Portland, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Sheldon Park | Eugene, OR | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 19,158
Initial Cost to the Company
Land		929
Buildings and Improvements		20,662
Furniture, Fixtures and Equipment		91
Costs Capitalized Subsequent to Acquisition		777
Gross Amount Carried at Close of Period
Land		929
Buildings and Improvements		21,265
Furniture, Fixtures and Equipment		265
Total		22,459
Accumulated Depreciation		(3,380)
Net Book Value		$ 19,079
Year Acquired		2,012
Managed Properties | Sheldon Park | Eugene, OR | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Sheldon Park | Eugene, OR | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Stone Lodge | Bend, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 19,675
Initial Cost to the Company
Land		1,200
Buildings and Improvements		25,753
Furniture, Fixtures and Equipment		790
Costs Capitalized Subsequent to Acquisition		286
Gross Amount Carried at Close of Period
Land		1,200
Buildings and Improvements		25,860
Furniture, Fixtures and Equipment		969
Total		28,029
Accumulated Depreciation		(2,056)
Net Book Value		$ 25,973
Year Acquired		2,015
Managed Properties | Stone Lodge | Bend, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Stone Lodge | Bend, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Glen Riddle | Media, PA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 19,753
Initial Cost to the Company
Land		1,932
Buildings and Improvements		16,169
Furniture, Fixtures and Equipment		870
Costs Capitalized Subsequent to Acquisition		835
Gross Amount Carried at Close of Period
Land		1,932
Buildings and Improvements		16,599
Furniture, Fixtures and Equipment		1,275
Total		19,806
Accumulated Depreciation		(3,017)
Net Book Value		$ 16,789
Year Acquired		2,013
Managed Properties | Glen Riddle | Media, PA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Glen Riddle | Media, PA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Niagara Village | Erie, PA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 12,845
Initial Cost to the Company
Land		750
Buildings and Improvements		16,544
Furniture, Fixtures and Equipment		790
Costs Capitalized Subsequent to Acquisition		679
Gross Amount Carried at Close of Period
Land		750
Buildings and Improvements		16,649
Furniture, Fixtures and Equipment		1,364
Total		18,763
Accumulated Depreciation		(1,571)
Net Book Value		$ 17,192
Year Acquired		2,015
Managed Properties | Niagara Village | Erie, PA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Niagara Village | Erie, PA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Schenley Gardens | Pittsburgh, PA | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 6,420
Initial Cost to the Company
Land		3,227
Buildings and Improvements		11,521
Furniture, Fixtures and Equipment		410
Costs Capitalized Subsequent to Acquisition		1,113
Gross Amount Carried at Close of Period
Land		3,227
Buildings and Improvements		12,165
Furniture, Fixtures and Equipment		879
Total		16,271
Accumulated Depreciation		(2,245)
Net Book Value		$ 14,026
Year Acquired		2,013
Managed Properties | Schenley Gardens | Pittsburgh, PA | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Schenley Gardens | Pittsburgh, PA | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Indigo Pines | Hilton Head, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,334
Initial Cost to the Company
Land		2,850
Buildings and Improvements		15,970
Furniture, Fixtures and Equipment		832
Costs Capitalized Subsequent to Acquisition		1,130
Gross Amount Carried at Close of Period
Land		2,850
Buildings and Improvements		16,088
Furniture, Fixtures and Equipment		1,844
Total		20,782
Accumulated Depreciation		(1,671)
Net Book Value		$ 19,111
Year Acquired		2,015
Managed Properties | Indigo Pines | Hilton Head, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Indigo Pines | Hilton Head, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Holiday Hills Estates | Rapid City, SD | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 12,063
Initial Cost to the Company
Land		430
Buildings and Improvements		22,209
Furniture, Fixtures and Equipment		790
Costs Capitalized Subsequent to Acquisition		228
Gross Amount Carried at Close of Period
Land		430
Buildings and Improvements		22,306
Furniture, Fixtures and Equipment		921
Total		23,657
Accumulated Depreciation		(1,815)
Net Book Value		$ 21,842
Year Acquired		2,015
Managed Properties | Holiday Hills Estates | Rapid City, SD | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Holiday Hills Estates | Rapid City, SD | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Echo Ridge | Knoxville, TN | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 20,910
Initial Cost to the Company
Land		1,522
Buildings and Improvements		21,469
Furniture, Fixtures and Equipment		770
Costs Capitalized Subsequent to Acquisition		204
Gross Amount Carried at Close of Period
Land		1,522
Buildings and Improvements		21,577
Furniture, Fixtures and Equipment		866
Total		23,965
Accumulated Depreciation		(1,868)
Net Book Value		$ 22,097
Year Acquired		2,015
Managed Properties | Echo Ridge | Knoxville, TN | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Echo Ridge | Knoxville, TN | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Maple Court | Powell, TN | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 3,674
Initial Cost to the Company
Land		761
Buildings and Improvements		6,482
Furniture, Fixtures and Equipment		305
Costs Capitalized Subsequent to Acquisition		113
Gross Amount Carried at Close of Period
Land		761
Buildings and Improvements		6,490
Furniture, Fixtures and Equipment		410
Total		7,661
Accumulated Depreciation		(866)
Net Book Value		$ 6,795
Year Acquired		2,014
Managed Properties | Maple Court | Powell, TN | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Maple Court | Powell, TN | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Raintree Terrace | Knoxville, TN | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 7,338
Initial Cost to the Company
Land		643
Buildings and Improvements		8,643
Furniture, Fixtures and Equipment		490
Costs Capitalized Subsequent to Acquisition		468
Gross Amount Carried at Close of Period
Land		643
Buildings and Improvements		8,776
Furniture, Fixtures and Equipment		825
Total		10,244
Accumulated Depreciation		(1,492)
Net Book Value		$ 8,752
Year Acquired		2,014
Managed Properties | Raintree Terrace | Knoxville, TN | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Raintree Terrace | Knoxville, TN | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Courtyards at River Park | Fort Worth, TX | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 20,518
Initial Cost to the Company
Land		2,140
Buildings and Improvements		16,671
Furniture, Fixtures and Equipment		672
Costs Capitalized Subsequent to Acquisition		1,660
Gross Amount Carried at Close of Period
Land		2,140
Buildings and Improvements		17,639
Furniture, Fixtures and Equipment		1,364
Total		21,143
Accumulated Depreciation		(3,554)
Net Book Value		$ 17,589
Year Acquired		2,012
Managed Properties | Courtyards at River Park | Fort Worth, TX | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Courtyards at River Park | Fort Worth, TX | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Cypress Woods | Kingwood, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 17,580
Initial Cost to the Company
Land		1,376
Buildings and Improvements		19,815
Furniture, Fixtures and Equipment		860
Costs Capitalized Subsequent to Acquisition		281
Gross Amount Carried at Close of Period
Land		1,376
Buildings and Improvements		19,947
Furniture, Fixtures and Equipment		1,009
Total		22,332
Accumulated Depreciation		(2,099)
Net Book Value		$ 20,233
Year Acquired		2,015
Managed Properties | Cypress Woods | Kingwood, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Cypress Woods | Kingwood, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Legacy at Bear Creek | Keller, TX | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,375
Initial Cost to the Company
Land		1,770
Buildings and Improvements		11,468
Furniture, Fixtures and Equipment		810
Costs Capitalized Subsequent to Acquisition		190
Gross Amount Carried at Close of Period
Land		1,770
Buildings and Improvements		11,528
Furniture, Fixtures and Equipment		940
Total		14,238
Accumulated Depreciation		(1,099)
Net Book Value		$ 13,139
Year Acquired		2,015
Managed Properties | Legacy at Bear Creek | Keller, TX | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Legacy at Bear Creek | Keller, TX | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Legacy at Georgtown | Georgtown, TX | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,625
Initial Cost to the Company
Land		3,540
Buildings and Improvements		14,653
Furniture, Fixtures and Equipment		840
Costs Capitalized Subsequent to Acquisition		100
Gross Amount Carried at Close of Period
Land		3,540
Buildings and Improvements		14,700
Furniture, Fixtures and Equipment		893
Total		19,133
Accumulated Depreciation		(1,320)
Net Book Value		$ 17,813
Year Acquired		2,015
Managed Properties | Legacy at Georgtown | Georgtown, TX | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Legacy at Georgtown | Georgtown, TX | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Windsor | Dallas, TX | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 21,453
Initial Cost to the Company
Land		5,580
Buildings and Improvements		31,306
Furniture, Fixtures and Equipment		1,250
Costs Capitalized Subsequent to Acquisition		1,493
Gross Amount Carried at Close of Period
Land		5,580
Buildings and Improvements		32,088
Furniture, Fixtures and Equipment		1,961
Total		39,629
Accumulated Depreciation		(3,866)
Net Book Value		$ 35,763
Year Acquired		2,014
Managed Properties | Windsor | Dallas, TX | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Windsor | Dallas, TX | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Canyon Creek | Cottonwood Heights, UT | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,776
Initial Cost to the Company
Land		1,488
Buildings and Improvements		16,308
Furniture, Fixtures and Equipment		59
Costs Capitalized Subsequent to Acquisition		1,028
Gross Amount Carried at Close of Period
Land		1,488
Buildings and Improvements		16,847
Furniture, Fixtures and Equipment		548
Total		18,883
Accumulated Depreciation		(2,772)
Net Book Value		$ 16,111
Year Acquired		2,012
Managed Properties | Canyon Creek | Cottonwood Heights, UT | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Canyon Creek | Cottonwood Heights, UT | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Chateau Brickyard | Salt Lake City, UT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 6,518
Initial Cost to the Company
Land		700
Buildings and Improvements		3,297
Furniture, Fixtures and Equipment		15
Costs Capitalized Subsequent to Acquisition		1,072
Gross Amount Carried at Close of Period
Land		700
Buildings and Improvements		4,041
Furniture, Fixtures and Equipment		343
Total		5,084
Accumulated Depreciation		(957)
Net Book Value		$ 4,127
Year Acquired		2,012
Managed Properties | Chateau Brickyard | Salt Lake City, UT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Chateau Brickyard | Salt Lake City, UT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Golden Living | Taylorsville, UT | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 7,363
Initial Cost to the Company
Land		1,111
Buildings and Improvements		3,126
Furniture, Fixtures and Equipment		39
Costs Capitalized Subsequent to Acquisition		984
Gross Amount Carried at Close of Period
Land		1,111
Buildings and Improvements		3,765
Furniture, Fixtures and Equipment		384
Total		5,260
Accumulated Depreciation		(909)
Net Book Value		$ 4,351
Year Acquired		2,012
Managed Properties | Golden Living | Taylorsville, UT | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Golden Living | Taylorsville, UT | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Heritage Place | Bountiful, UT | Assisted Living/Memory Care Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,797
Initial Cost to the Company
Land		570
Buildings and Improvements		9,558
Furniture, Fixtures and Equipment		50
Costs Capitalized Subsequent to Acquisition		1,346
Gross Amount Carried at Close of Period
Land		570
Buildings and Improvements		10,464
Furniture, Fixtures and Equipment		490
Total		11,524
Accumulated Depreciation		(2,111)
Net Book Value		$ 9,413
Year Acquired		2,012
Managed Properties | Heritage Place | Bountiful, UT | Assisted Living/Memory Care Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Heritage Place | Bountiful, UT | Assisted Living/Memory Care Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Olympus Ranch | Murray, UT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 18,657
Initial Cost to the Company
Land		1,407
Buildings and Improvements		20,515
Furniture, Fixtures and Equipment		846
Costs Capitalized Subsequent to Acquisition		278
Gross Amount Carried at Close of Period
Land		1,407
Buildings and Improvements		20,695
Furniture, Fixtures and Equipment		944
Total		23,046
Accumulated Depreciation		(2,018)
Net Book Value		$ 21,028
Year Acquired		2,015
Managed Properties | Olympus Ranch | Murray, UT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Olympus Ranch | Murray, UT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Elm Park Estates | Roanoke, VA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,582
Initial Cost to the Company
Land		990
Buildings and Improvements		15,648
Furniture, Fixtures and Equipment		770
Costs Capitalized Subsequent to Acquisition		319
Gross Amount Carried at Close of Period
Land		990
Buildings and Improvements		15,737
Furniture, Fixtures and Equipment		1,000
Total		17,727
Accumulated Depreciation		(1,449)
Net Book Value		$ 16,278
Year Acquired		2,015
Managed Properties | Elm Park Estates | Roanoke, VA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Elm Park Estates | Roanoke, VA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Heritage Oaks | Richmond, VA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,407
Initial Cost to the Company
Land		1,630
Buildings and Improvements		9,570
Furniture, Fixtures and Equipment		705
Costs Capitalized Subsequent to Acquisition		790
Gross Amount Carried at Close of Period
Land		1,630
Buildings and Improvements		9,945
Furniture, Fixtures and Equipment		1,120
Total		12,695
Accumulated Depreciation		(2,124)
Net Book Value		$ 10,571
Year Acquired		2,013
Managed Properties | Heritage Oaks | Richmond, VA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Heritage Oaks | Richmond, VA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Bridge Park | Seattle, WA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,694
Initial Cost to the Company
Land		2,315
Buildings and Improvements		18,607
Furniture, Fixtures and Equipment		1,135
Costs Capitalized Subsequent to Acquisition		265
Gross Amount Carried at Close of Period
Land		2,315
Buildings and Improvements		18,708
Furniture, Fixtures and Equipment		1,299
Total		22,322
Accumulated Depreciation		(2,075)
Net Book Value		$ 20,247
Year Acquired		2,015
Managed Properties | Bridge Park | Seattle, WA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Bridge Park | Seattle, WA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | Peninsula | Gig Harbor, WA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 21,190
Initial Cost to the Company
Land		2,085
Buildings and Improvements		21,983
Furniture, Fixtures and Equipment		846
Costs Capitalized Subsequent to Acquisition		121
Gross Amount Carried at Close of Period
Land		2,085
Buildings and Improvements		22,059
Furniture, Fixtures and Equipment		891
Total		25,035
Accumulated Depreciation		(2,125)
Net Book Value		$ 22,910
Year Acquired		2,015
Managed Properties | Peninsula | Gig Harbor, WA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | Peninsula | Gig Harbor, WA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Managed Properties | The Jefferson | Middleton, WI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,394
Initial Cost to the Company
Land		1,460
Buildings and Improvements		15,540
Furniture, Fixtures and Equipment		804
Costs Capitalized Subsequent to Acquisition		222
Gross Amount Carried at Close of Period
Land		1,460
Buildings and Improvements		15,628
Furniture, Fixtures and Equipment		938
Total		18,026
Accumulated Depreciation		(1,466)
Net Book Value		$ 16,560
Year Acquired		2,015
Managed Properties | The Jefferson | Middleton, WI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Managed Properties | The Jefferson | Middleton, WI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 720,692
Initial Cost to the Company
Land		63,601
Buildings and Improvements		897,945
Furniture, Fixtures and Equipment		33,034
Costs Capitalized Subsequent to Acquisition		990
Gross Amount Carried at Close of Period
Land		63,601
Buildings and Improvements		898,690
Furniture, Fixtures and Equipment		33,279
Total		995,570
Accumulated Depreciation		(117,275)
Net Book Value		878,295
Triple Net Lease | Vista de la Montana | Surprise, AZ | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		9,124
Initial Cost to the Company
Land		1,131
Buildings and Improvements		11,077
Furniture, Fixtures and Equipment		635
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,131
Buildings and Improvements		11,077
Furniture, Fixtures and Equipment		635
Total		12,843
Accumulated Depreciation		(1,674)
Net Book Value		$ 11,169
Year Acquired		2,013
Triple Net Lease | Vista de la Montana | Surprise, AZ | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Vista de la Montana | Surprise, AZ | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Simi Hills | Simi Valley, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 18,626
Initial Cost to the Company
Land		3,209
Buildings and Improvements		21,999
Furniture, Fixtures and Equipment		730
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		3,209
Buildings and Improvements		21,999
Furniture, Fixtures and Equipment		730
Total		25,938
Accumulated Depreciation		(2,855)
Net Book Value		$ 23,083
Year Acquired		2,013
Triple Net Lease | Simi Hills | Simi Valley, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Simi Hills | Simi Valley, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | The Westmont | Santa Clara, CA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,359
Initial Cost to the Company
Land		0
Buildings and Improvements		18,049
Furniture, Fixtures and Equipment		754
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		0
Buildings and Improvements		18,049
Furniture, Fixtures and Equipment		754
Total		18,803
Accumulated Depreciation		(2,530)
Net Book Value		$ 16,273
Year Acquired		2,013
Triple Net Lease | The Westmont | Santa Clara, CA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | The Westmont | Santa Clara, CA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Courtyard at Lakewood | Lakewood, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,400
Initial Cost to the Company
Land		1,327
Buildings and Improvements		14,198
Furniture, Fixtures and Equipment		350
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,327
Buildings and Improvements		14,198
Furniture, Fixtures and Equipment		350
Total		15,875
Accumulated Depreciation		(1,782)
Net Book Value		$ 14,093
Year Acquired		2,013
Triple Net Lease | Courtyard at Lakewood | Lakewood, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Courtyard at Lakewood | Lakewood, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Greeley Place | Greeley, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 10,550
Initial Cost to the Company
Land		237
Buildings and Improvements		13,859
Furniture, Fixtures and Equipment		596
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		237
Buildings and Improvements		13,859
Furniture, Fixtures and Equipment		596
Total		14,692
Accumulated Depreciation		(1,898)
Net Book Value		$ 12,794
Year Acquired		2,013
Triple Net Lease | Greeley Place | Greeley, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Greeley Place | Greeley, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Parkwood Estates | Fort Collins, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,873
Initial Cost to the Company
Land		638
Buildings and Improvements		18,055
Furniture, Fixtures and Equipment		627
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		638
Buildings and Improvements		18,055
Furniture, Fixtures and Equipment		627
Total		19,320
Accumulated Depreciation		(2,355)
Net Book Value		$ 16,965
Year Acquired		2,013
Triple Net Lease | Parkwood Estates | Fort Collins, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Parkwood Estates | Fort Collins, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Pueblo Regent | Pueblo, CO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 10,389
Initial Cost to the Company
Land		446
Buildings and Improvements		13,800
Furniture, Fixtures and Equipment		377
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		446
Buildings and Improvements		13,800
Furniture, Fixtures and Equipment		377
Total		14,623
Accumulated Depreciation		(1,703)
Net Book Value		$ 12,920
Year Acquired		2,013
Triple Net Lease | Pueblo Regent | Pueblo, CO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Pueblo Regent | Pueblo, CO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Lodge at Cold Spring | Rocky Hill, CT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 18,765
Initial Cost to the Company
Land		0
Buildings and Improvements		25,807
Furniture, Fixtures and Equipment		605
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		0
Buildings and Improvements		25,807
Furniture, Fixtures and Equipment		605
Total		26,412
Accumulated Depreciation		(3,132)
Net Book Value		$ 23,280
Year Acquired		2,013
Triple Net Lease | Lodge at Cold Spring | Rocky Hill, CT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Lodge at Cold Spring | Rocky Hill, CT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Village Gate | Farmington, CT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 19,263
Initial Cost to the Company
Land		3,591
Buildings and Improvements		23,254
Furniture, Fixtures and Equipment		268
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		3,591
Buildings and Improvements		23,254
Furniture, Fixtures and Equipment		268
Total		27,113
Accumulated Depreciation		(2,567)
Net Book Value		$ 24,546
Year Acquired		2,013
Triple Net Lease | Village Gate | Farmington, CT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Village Gate | Farmington, CT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Cherry Laurel | Tallahassee, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,960
Initial Cost to the Company
Land		1,100
Buildings and Improvements		20,457
Furniture, Fixtures and Equipment		668
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,100
Buildings and Improvements		20,457
Furniture, Fixtures and Equipment		668
Total		22,225
Accumulated Depreciation		(2,668)
Net Book Value		$ 19,557
Year Acquired		2,013
Triple Net Lease | Cherry Laurel | Tallahassee, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Cherry Laurel | Tallahassee, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Desoto Beach Club | Sarasota, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 18,153
Initial Cost to the Company
Land		668
Buildings and Improvements		23,944
Furniture, Fixtures and Equipment		668
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		668
Buildings and Improvements		23,944
Furniture, Fixtures and Equipment		668
Total		25,280
Accumulated Depreciation		(3,011)
Net Book Value		$ 22,269
Year Acquired		2,013
Triple Net Lease | Desoto Beach Club | Sarasota, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Desoto Beach Club | Sarasota, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Regency Residence | Port Richey, FL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,460
Initial Cost to the Company
Land		1,100
Buildings and Improvements		14,088
Furniture, Fixtures and Equipment		771
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,100
Buildings and Improvements		14,088
Furniture, Fixtures and Equipment		771
Total		15,959
Accumulated Depreciation		(2,055)
Net Book Value		$ 13,904
Year Acquired		2,013
Triple Net Lease | Regency Residence | Port Richey, FL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Regency Residence | Port Richey, FL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Illahee Hills | Urbandale, IA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 9,342
Initial Cost to the Company
Land		694
Buildings and Improvements		11,980
Furniture, Fixtures and Equipment		476
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		694
Buildings and Improvements		11,980
Furniture, Fixtures and Equipment		476
Total		13,150
Accumulated Depreciation		(1,635)
Net Book Value		$ 11,515
Year Acquired		2,013
Triple Net Lease | Illahee Hills | Urbandale, IA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Illahee Hills | Urbandale, IA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Palmer Hills | Bettendorf, IA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 9,117
Initial Cost to the Company
Land		1,488
Buildings and Improvements		10,878
Furniture, Fixtures and Equipment		466
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,488
Buildings and Improvements		10,878
Furniture, Fixtures and Equipment		466
Total		12,832
Accumulated Depreciation		(1,488)
Net Book Value		$ 11,344
Year Acquired		2,013
Triple Net Lease | Palmer Hills | Bettendorf, IA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Palmer Hills | Bettendorf, IA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Blair House | Normal, IL | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,097
Initial Cost to the Company
Land		329
Buildings and Improvements		14,498
Furniture, Fixtures and Equipment		627
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		329
Buildings and Improvements		14,498
Furniture, Fixtures and Equipment		627
Total		15,454
Accumulated Depreciation		(2,014)
Net Book Value		$ 13,440
Year Acquired		2,013
Triple Net Lease | Blair House | Normal, IL | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Blair House | Normal, IL | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Grasslands Estates | Wichita, KS | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,783
Initial Cost to the Company
Land		504
Buildings and Improvements		17,888
Furniture, Fixtures and Equipment		802
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		504
Buildings and Improvements		17,888
Furniture, Fixtures and Equipment		802
Total		19,194
Accumulated Depreciation		(2,500)
Net Book Value		$ 16,694
Year Acquired		2,013
Triple Net Lease | Grasslands Estates | Wichita, KS | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Grasslands Estates | Wichita, KS | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Thornton Place | Topeka, KS | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 10,995
Initial Cost to the Company
Land		327
Buildings and Improvements		14,415
Furniture, Fixtures and Equipment		734
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		327
Buildings and Improvements		14,415
Furniture, Fixtures and Equipment		734
Total		15,476
Accumulated Depreciation		(2,084)
Net Book Value		$ 13,392
Year Acquired		2,013
Triple Net Lease | Thornton Place | Topeka, KS | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Thornton Place | Topeka, KS | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Jackson Oaks | Paducah, KY | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,596
Initial Cost to the Company
Land		267
Buildings and Improvements		19,195
Furniture, Fixtures and Equipment		864
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		267
Buildings and Improvements		19,195
Furniture, Fixtures and Equipment		864
Total		20,326
Accumulated Depreciation		(2,680)
Net Book Value		$ 17,646
Year Acquired		2,013
Triple Net Lease | Jackson Oaks | Paducah, KY | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Jackson Oaks | Paducah, KY | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Summerfield Estates | Shreveport, LA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 4,512
Initial Cost to the Company
Land		525
Buildings and Improvements		5,584
Furniture, Fixtures and Equipment		175
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		525
Buildings and Improvements		5,584
Furniture, Fixtures and Equipment		175
Total		6,284
Accumulated Depreciation		(709)
Net Book Value		$ 5,575
Year Acquired		2,013
Triple Net Lease | Summerfield Estates | Shreveport, LA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Summerfield Estates | Shreveport, LA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Blue Water Lodge | Fort Gratiot, MI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 12,157
Initial Cost to the Company
Land		62
Buildings and Improvements		16,034
Furniture, Fixtures and Equipment		833
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		62
Buildings and Improvements		16,034
Furniture, Fixtures and Equipment		833
Total		16,929
Accumulated Depreciation		(2,357)
Net Book Value		$ 14,572
Year Acquired		2,013
Triple Net Lease | Blue Water Lodge | Fort Gratiot, MI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Blue Water Lodge | Fort Gratiot, MI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Briarcrest Estates | Ballwin, MO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,133
Initial Cost to the Company
Land		1,255
Buildings and Improvements		16,509
Furniture, Fixtures and Equipment		525
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,255
Buildings and Improvements		16,509
Furniture, Fixtures and Equipment		525
Total		18,289
Accumulated Depreciation		(2,121)
Net Book Value		$ 16,168
Year Acquired		2,013
Triple Net Lease | Briarcrest Estates | Ballwin, MO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Briarcrest Estates | Ballwin, MO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Country Squire | St Joseph, MO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 12,814
Initial Cost to the Company
Land		864
Buildings and Improvements		16,353
Furniture, Fixtures and Equipment		627
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		864
Buildings and Improvements		16,353
Furniture, Fixtures and Equipment		627
Total		17,844
Accumulated Depreciation		(2,209)
Net Book Value		$ 15,635
Year Acquired		2,013
Triple Net Lease | Country Squire | St Joseph, MO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Country Squire | St Joseph, MO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Orchid Terrace | St Louis, MO | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 20,268
Initial Cost to the Company
Land		1,061
Buildings and Improvements		26,636
Furniture, Fixtures and Equipment		833
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,061
Buildings and Improvements		26,636
Furniture, Fixtures and Equipment		833
Total		28,530
Accumulated Depreciation		(3,401)
Net Book Value		$ 25,129
Year Acquired		2,013
Triple Net Lease | Orchid Terrace | St Louis, MO | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Orchid Terrace | St Louis, MO | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Chateau Ridgeland | Ridgeland, MS | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 6,304
Initial Cost to the Company
Land		967
Buildings and Improvements		7,277
Furniture, Fixtures and Equipment		535
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		967
Buildings and Improvements		7,277
Furniture, Fixtures and Equipment		535
Total		8,779
Accumulated Depreciation		(1,207)
Net Book Value		$ 7,572
Year Acquired		2,013
Triple Net Lease | Chateau Ridgeland | Ridgeland, MS | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Chateau Ridgeland | Ridgeland, MS | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Grizzly Peak | Missoula, MT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 12,505
Initial Cost to the Company
Land		309
Buildings and Improvements		16,447
Furniture, Fixtures and Equipment		658
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		309
Buildings and Improvements		16,447
Furniture, Fixtures and Equipment		658
Total		17,414
Accumulated Depreciation		(2,217)
Net Book Value		$ 15,197
Year Acquired		2,013
Triple Net Lease | Grizzly Peak | Missoula, MT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Grizzly Peak | Missoula, MT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Durham Regent | Durham, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 18,340
Initial Cost to the Company
Land		1,061
Buildings and Improvements		24,149
Furniture, Fixtures and Equipment		605
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,061
Buildings and Improvements		24,149
Furniture, Fixtures and Equipment		605
Total		25,815
Accumulated Depreciation		(2,965)
Net Book Value		$ 22,850
Year Acquired		2,013
Triple Net Lease | Durham Regent | Durham, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Durham Regent | Durham, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Jordan Oaks | Cary, NC | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 16,855
Initial Cost to the Company
Land		2,103
Buildings and Improvements		20,847
Furniture, Fixtures and Equipment		774
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		2,103
Buildings and Improvements		20,847
Furniture, Fixtures and Equipment		774
Total		23,724
Accumulated Depreciation		(2,779)
Net Book Value		$ 20,945
Year Acquired		2,013
Triple Net Lease | Jordan Oaks | Cary, NC | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Jordan Oaks | Cary, NC | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Sky Peaks | Reno, NV | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,246
Initial Cost to the Company
Land		1,061
Buildings and Improvements		19,793
Furniture, Fixtures and Equipment		605
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,061
Buildings and Improvements		19,793
Furniture, Fixtures and Equipment		605
Total		21,459
Accumulated Depreciation		(2,565)
Net Book Value		$ 18,894
Year Acquired		2,013
Triple Net Lease | Sky Peaks | Reno, NV | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Sky Peaks | Reno, NV | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Fleming Point | Greece, NY | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 15,806
Initial Cost to the Company
Land		699
Buildings and Improvements		20,644
Furniture, Fixtures and Equipment		668
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		699
Buildings and Improvements		20,644
Furniture, Fixtures and Equipment		668
Total		22,011
Accumulated Depreciation		(2,661)
Net Book Value		$ 19,350
Year Acquired		2,013
Triple Net Lease | Fleming Point | Greece, NY | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Fleming Point | Greece, NY | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Maple Downs | Fayetteville, NY | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 19,465
Initial Cost to the Company
Land		782
Buildings and Improvements		25,656
Furniture, Fixtures and Equipment		668
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		782
Buildings and Improvements		25,656
Furniture, Fixtures and Equipment		668
Total		27,106
Accumulated Depreciation		(3,165)
Net Book Value		$ 23,941
Year Acquired		2,013
Triple Net Lease | Maple Downs | Fayetteville, NY | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Maple Downs | Fayetteville, NY | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Stoneybrook Lodge | Corvallis, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,724
Initial Cost to the Company
Land		1,543
Buildings and Improvements		18,119
Furniture, Fixtures and Equipment		843
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,543
Buildings and Improvements		18,119
Furniture, Fixtures and Equipment		843
Total		20,505
Accumulated Depreciation		(2,558)
Net Book Value		$ 17,947
Year Acquired		2,013
Triple Net Lease | Stoneybrook Lodge | Corvallis, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Stoneybrook Lodge | Corvallis, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Fountains at Hidden Lakes | Salem, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 5,308
Initial Cost to the Company
Land		903
Buildings and Improvements		6,568
Furniture, Fixtures and Equipment		0
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		903
Buildings and Improvements		6,568
Furniture, Fixtures and Equipment		0
Total		7,471
Accumulated Depreciation		(735)
Net Book Value		$ 6,736
Year Acquired		2,013
Triple Net Lease | Fountains at Hidden Lakes | Salem, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Fountains at Hidden Lakes | Salem, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Hidden Lakes | Salem, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,442
Initial Cost to the Company
Land		1,389
Buildings and Improvements		16,639
Furniture, Fixtures and Equipment		893
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,389
Buildings and Improvements		16,639
Furniture, Fixtures and Equipment		893
Total		18,921
Accumulated Depreciation		(2,433)
Net Book Value		$ 16,488
Year Acquired		2,013
Triple Net Lease | Hidden Lakes | Salem, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Hidden Lakes | Salem, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Rock Creek | Hillsboro, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 9,865
Initial Cost to the Company
Land		1,617
Buildings and Improvements		11,783
Furniture, Fixtures and Equipment		486
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,617
Buildings and Improvements		11,783
Furniture, Fixtures and Equipment		486
Total		13,886
Accumulated Depreciation		(1,601)
Net Book Value		$ 12,285
Year Acquired		2,013
Triple Net Lease | Rock Creek | Hillsboro, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Rock Creek | Hillsboro, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Sheldon Oaks | Eugene, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,948
Initial Cost to the Company
Land		1,577
Buildings and Improvements		17,380
Furniture, Fixtures and Equipment		675
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,577
Buildings and Improvements		17,380
Furniture, Fixtures and Equipment		675
Total		19,632
Accumulated Depreciation		(2,353)
Net Book Value		$ 17,279
Year Acquired		2,013
Triple Net Lease | Sheldon Oaks | Eugene, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Sheldon Oaks | Eugene, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | The Regent | Corvallis, OR | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 6,436
Initial Cost to the Company
Land		1,111
Buildings and Improvements		7,720
Furniture, Fixtures and Equipment		228
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,111
Buildings and Improvements		7,720
Furniture, Fixtures and Equipment		228
Total		9,059
Accumulated Depreciation		(965)
Net Book Value		$ 8,094
Year Acquired		2,013
Triple Net Lease | The Regent | Corvallis, OR | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | The Regent | Corvallis, OR | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Essex House | Lemoyne, PA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 19,523
Initial Cost to the Company
Land		936
Buildings and Improvements		25,585
Furniture, Fixtures and Equipment		668
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		936
Buildings and Improvements		25,585
Furniture, Fixtures and Equipment		668
Total		27,189
Accumulated Depreciation		(3,149)
Net Book Value		$ 24,040
Year Acquired		2,013
Triple Net Lease | Essex House | Lemoyne, PA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Essex House | Lemoyne, PA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Manor at Oakridge | Harrisburg, PA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 18,568
Initial Cost to the Company
Land		992
Buildings and Improvements		24,379
Furniture, Fixtures and Equipment		764
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		992
Buildings and Improvements		24,379
Furniture, Fixtures and Equipment		764
Total		26,135
Accumulated Depreciation		(3,100)
Net Book Value		$ 23,035
Year Acquired		2,013
Triple Net Lease | Manor at Oakridge | Harrisburg, PA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Manor at Oakridge | Harrisburg, PA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Walnut Woods | Boyertown, PA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 13,401
Initial Cost to the Company
Land		308
Buildings and Improvements		18,058
Furniture, Fixtures and Equipment		496
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		308
Buildings and Improvements		18,058
Furniture, Fixtures and Equipment		496
Total		18,862
Accumulated Depreciation		(2,233)
Net Book Value		$ 16,629
Year Acquired		2,013
Triple Net Lease | Walnut Woods | Boyertown, PA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Walnut Woods | Boyertown, PA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Watermark at Logan Square | Philadelphia, PA | Continuing Care Retirement Communities
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 51,036
Initial Cost to the Company
Land		8,575
Buildings and Improvements		46,031
Furniture, Fixtures and Equipment		2,380
Costs Capitalized Subsequent to Acquisition		990
Gross Amount Carried at Close of Period
Land		8,575
Buildings and Improvements		46,776
Furniture, Fixtures and Equipment		2,625
Total		57,976
Accumulated Depreciation		(4,492)
Net Book Value		$ 53,484
Year Acquired		2,015
Triple Net Lease | Uffelman Estates | Clarksville, TN | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 8,130
Initial Cost to the Company
Land		625
Buildings and Improvements		10,521
Furniture, Fixtures and Equipment		298
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		625
Buildings and Improvements		10,521
Furniture, Fixtures and Equipment		298
Total		11,444
Accumulated Depreciation		(1,318)
Net Book Value		$ 10,126
Year Acquired		2,013
Triple Net Lease | Uffelman Estates | Clarksville, TN | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Uffelman Estates | Clarksville, TN | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Arlington Plaza | Arlington, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 7,562
Initial Cost to the Company
Land		319
Buildings and Improvements		9,821
Furniture, Fixtures and Equipment		391
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		319
Buildings and Improvements		9,821
Furniture, Fixtures and Equipment		391
Total		10,531
Accumulated Depreciation		(1,347)
Net Book Value		$ 9,184
Year Acquired		2,013
Triple Net Lease | Arlington Plaza | Arlington, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Arlington Plaza | Arlington, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | The El Dorado | Richardson, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 10,230
Initial Cost to the Company
Land		1,316
Buildings and Improvements		12,220
Furniture, Fixtures and Equipment		710
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,316
Buildings and Improvements		12,220
Furniture, Fixtures and Equipment		710
Total		14,246
Accumulated Depreciation		(1,850)
Net Book Value		$ 12,396
Year Acquired		2,013
Triple Net Lease | The El Dorado | Richardson, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | The El Dorado | Richardson, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Ventura Place | Lubbock, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,360
Initial Cost to the Company
Land		1,018
Buildings and Improvements		18,034
Furniture, Fixtures and Equipment		946
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,018
Buildings and Improvements		18,034
Furniture, Fixtures and Equipment		946
Total		19,998
Accumulated Depreciation		(2,666)
Net Book Value		$ 17,332
Year Acquired		2,013
Triple Net Lease | Ventura Place | Lubbock, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Ventura Place | Lubbock, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Dogwood Estates | Denton, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,380
Initial Cost to the Company
Land		1,002
Buildings and Improvements		18,525
Furniture, Fixtures and Equipment		714
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,002
Buildings and Improvements		18,525
Furniture, Fixtures and Equipment		714
Total		20,241
Accumulated Depreciation		(2,502)
Net Book Value		$ 17,739
Year Acquired		2,013
Triple Net Lease | Dogwood Estates | Denton, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Dogwood Estates | Denton, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Madison Estates | San Antonio, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,826
Initial Cost to the Company
Land		1,528
Buildings and Improvements		14,850
Furniture, Fixtures and Equipment		268
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,528
Buildings and Improvements		14,850
Furniture, Fixtures and Equipment		268
Total		16,646
Accumulated Depreciation		(1,720)
Net Book Value		$ 14,926
Year Acquired		2,013
Triple Net Lease | Madison Estates | San Antonio, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Madison Estates | San Antonio, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Pinewood Hills | Flower Mound, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,443
Initial Cost to the Company
Land		2,073
Buildings and Improvements		17,552
Furniture, Fixtures and Equipment		704
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		2,073
Buildings and Improvements		17,552
Furniture, Fixtures and Equipment		704
Total		20,329
Accumulated Depreciation		(2,398)
Net Book Value		$ 17,931
Year Acquired		2,013
Triple Net Lease | Pinewood Hills | Flower Mound, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Pinewood Hills | Flower Mound, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | The Bentley | Dallas, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 10,761
Initial Cost to the Company
Land		2,351
Buildings and Improvements		12,270
Furniture, Fixtures and Equipment		526
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		2,351
Buildings and Improvements		12,270
Furniture, Fixtures and Equipment		526
Total		15,147
Accumulated Depreciation		(1,688)
Net Book Value		$ 13,459
Year Acquired		2,013
Triple Net Lease | The Bentley | Dallas, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | The Bentley | Dallas, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Whiterock Court | Dallas, TX | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 11,004
Initial Cost to the Company
Land		2,837
Buildings and Improvements		12,205
Furniture, Fixtures and Equipment		446
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		2,837
Buildings and Improvements		12,205
Furniture, Fixtures and Equipment		446
Total		15,488
Accumulated Depreciation		(1,637)
Net Book Value		$ 13,851
Year Acquired		2,013
Triple Net Lease | Whiterock Court | Dallas, TX | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Whiterock Court | Dallas, TX | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Pioneer Valley Lodge | North Logan, UT | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,153
Initial Cost to the Company
Land		1,049
Buildings and Improvements		17,920
Furniture, Fixtures and Equipment		740
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		1,049
Buildings and Improvements		17,920
Furniture, Fixtures and Equipment		740
Total		19,709
Accumulated Depreciation		(2,488)
Net Book Value		$ 17,221
Year Acquired		2,013
Triple Net Lease | Pioneer Valley Lodge | North Logan, UT | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Pioneer Valley Lodge | North Logan, UT | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Colonial Harbor | Yorktown, VA | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 16,102
Initial Cost to the Company
Land		2,211
Buildings and Improvements		19,523
Furniture, Fixtures and Equipment		689
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		2,211
Buildings and Improvements		19,523
Furniture, Fixtures and Equipment		689
Total		22,423
Accumulated Depreciation		(2,571)
Net Book Value		$ 19,852
Year Acquired		2,013
Triple Net Lease | Colonial Harbor | Yorktown, VA | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Colonial Harbor | Yorktown, VA | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
Triple Net Lease | Oakwood Hills | Eau Claire, WI | Independent Living Properties
Real Estate and Accumulated Depreciation [Abstract]
Encumbrances		$ 14,233
Initial Cost to the Company
Land		516
Buildings and Improvements		18,872
Furniture, Fixtures and Equipment		645
Costs Capitalized Subsequent to Acquisition		0
Gross Amount Carried at Close of Period
Land		516
Buildings and Improvements		18,872
Furniture, Fixtures and Equipment		645
Total		20,033
Accumulated Depreciation		(2,484)
Net Book Value		$ 17,549
Year Acquired		2,013
Triple Net Lease | Oakwood Hills | Eau Claire, WI | Independent Living Properties | Minimum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		3 years
Triple Net Lease | Oakwood Hills | Eau Claire, WI | Independent Living Properties | Maximum
Gross Amount Carried at Close of Period
Life on Which Depreciation in Income Statement is Computed		40 years
[1]	For United States federal income tax purposes, the initial aggregate cost basis, including furniture, fixtures, and equipment, was approximately $2.52 billion as of December 31, 2017.

SCHEDULE III, REAL ESTATE AND58

SCHEDULE III, REAL ESTATE AND ACCUMULATED DEPRECIATION, Rollforward of Gross Carrying Amount and Accumulated Depreciaton (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Gross Carrying Amount [Roll Forward]
Beginning of period	$ 2,773,179	$ 2,790,928	$ 1,638,929
Acquisitions	0	0	1,140,896
Additions	20,667	21,285	11,411
Sales and/or transfers to assets held for sale	(280,593)	(23,213)	0
Disposals and other	1,491	15,821	308
End of period	2,511,762	2,773,179	2,790,928
Accumulated Depreciation [Roll Forward]
Beginning of period	(218,968)	(129,788)	(56,988)
Depreciation expense	(91,623)	(92,372)	(72,767)
Sales and/or transfers to assets held for sale	34,728	3,084	0
Disposals and other	69	108	(33)
Balance at end of year	$ (275,794)	$ (218,968)	$ (129,788)