Ventas (VTR) 10-K 9 Feb 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2017	Jan. 31, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Document Type	10-K
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	VENTAS INC
Entity Central Index Key	740,260
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Amendment Flag	false
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 18.8
Entity Common Stock, Shares Outstanding		356,198,053

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Real estate investments:
Land and improvements	$ 2,147,621	$ 2,089,591
Buildings and improvements	22,177,088	21,516,396
Construction in progress	343,129	210,599
Acquired lease intangibles	1,537,995	1,510,629
Gross real estate investment	26,205,833	25,327,215
Accumulated depreciation and amortization	(5,617,453)	(4,932,461)
Net real estate property	20,588,380	20,394,754
Secured loans receivable and investments, net	1,346,359	702,021
Investments in unconsolidated real estate entities	123,639	95,921
Net real estate investments	22,058,378	21,192,696
Cash and cash equivalents	81,355	286,707
Escrow deposits and restricted cash	106,898	80,647
Goodwill	1,034,641	1,033,225
Assets held for sale	100,324	54,961
Other assets	572,945	518,364
Total assets	23,954,541	23,166,600
Liabilities:
Senior notes payable and other debt	11,276,062	11,127,326
Accrued interest	93,958	83,762
Accounts payable and other liabilities	1,182,552	907,928
Liabilities related to assets held for sale	61,202	1,462
Deferred income taxes	250,092	316,641
Total liabilities	12,863,866	12,437,119
Redeemable OP unitholder and noncontrolling interests	158,490	200,728
Commitments and contingencies
Ventas stockholders’ equity:
Preferred stock, $1.00 par value; 10,000 shares authorized, unissued	0	0
Common stock, $0.25 par value; 600,000 shares authorized, 356,187 and 354,125 shares issued at December 31, 2017 and 2016, respectively	89,029	88,514
Capital in excess of par value	13,053,057	12,917,002
Accumulated other comprehensive loss	(35,120)	(57,534)
Retained earnings (deficit)	(2,240,698)	(2,487,695)
Treasury stock, 1 share at December 31, 2017 and 2016, respectively	(42)	(47)
Total Ventas stockholders’ equity	10,866,226	10,460,240
Noncontrolling interests	65,959	68,513
Total equity	10,932,185	10,528,753
Total liabilities and equity	$ 23,954,541	$ 23,166,600

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.25	$ 0.25
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	356,187,000	354,125,000
Treasury stock, shares	1,000	1,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Rental income:
Triple-net leased	$ 840,131	$ 845,834	$ 779,801
Office	753,467	630,342	566,245
Total rental income	1,593,598	1,476,176	1,346,046
Resident fees and services	1,843,232	1,847,306	1,811,255
Office building and other services revenue	13,677	21,070	41,492
Income from loans and investments	117,608	98,094	86,553
Interest and other income	6,034	876	1,052
Total revenues	3,574,149	3,443,522	3,286,398
Expenses
Interest	448,196	419,740	367,114
Depreciation and amortization	887,948	898,924	894,057
Property-level operating expenses:
Senior living	1,250,065	1,242,978	1,209,415
Office	233,007	191,784	174,225
Property-level operating expenses	1,483,072	1,434,762	1,383,640
Office building services costs	3,391	7,311	26,565
General, administrative and professional fees	135,490	126,875	128,035
Loss on extinguishment of debt, net	754	2,779	14,411
Merger-related expenses and deal costs	10,535	24,635	102,944
Other	20,052	9,988	17,957
Total expenses	2,989,438	2,925,014	2,934,723
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests	584,711	518,508	351,675
(Loss) income from unconsolidated entities	(561)	4,358	(1,420)
Income tax benefit	59,799	31,343	39,284
Income from continuing operations	643,949	554,209	389,539
Discontinued operations	(110)	(922)	11,103
Gain on real estate dispositions	717,273	98,203	18,580
Net income	1,361,112	651,490	419,222
Net income attributable to noncontrolling interests	4,642	2,259	1,379
Net income attributable to common stockholders	$ 1,356,470	$ 649,231	$ 417,843
Basic:
Income from continuing operations (USD per share)	$ 1.81	$ 1.61	$ 1.18
Net income attributable to common stockholders (USD per share)	3.82	1.88	1.26
Diluted:
Income from continuing operations (USD per share)	1.80	1.59	1.17
Net income attributable to common stockholders (USD per share)	$ 3.78	$ 1.86	$ 1.25
Weighted average shares used in computing earnings per common share:
Basic (in shares)	355,326	344,703	330,311
Diluted (in shares)	358,566	348,390	334,007

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - 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
Statement of Comprehensive Income [Abstract]
Net income	$ 393,805	$ 615,191	$ 152,968	$ 199,148	$ 208,832	$ 150,184	$ 143,440	$ 149,034	$ 1,361,112	$ 651,490	$ 419,222
Other comprehensive income (loss):
Foreign currency translation									20,612	(52,266)	(14,792)
Unrealized loss on government-sponsored pooled loan investments									(437)	(310)	(5,236)
Other									2,239	2,607	(658)
Total other comprehensive income (loss)									22,414	(49,969)	(20,686)
Comprehensive income									1,383,526	601,521	398,536
Comprehensive income attributable to noncontrolling interests	$ 1,251	$ 1,233	$ 1,137	$ 1,021	$ 1,195	$ 732	$ 278	$ 54	4,642	2,259	1,379
Comprehensive income attributable to common stockholders									$ 1,378,884	$ 599,262	$ 397,157

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Total Ventas Stockholders’ Equity	Common Stock Par Value	Capital in Excess of Par Value	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Deficit)	Treasury Stock	Non- controlling Interests
Balance at Dec. 31, 2014	$ 8,754,397	$ 8,680,184	$ 74,656	$ 10,119,306	$ 13,121	$ (1,526,388)	$ (511)	$ 74,213
Increase (decrease) in shareholders' equity
Net income	419,222	417,843	0	0	0	417,843	0	1,379
Other comprehensive income (loss)	(20,686)	(20,686)	0	0	(20,686)	0	0	0
Acquisition-related activity	2,217,158	2,216,305	7,103	2,209,202	0	0	0	853
Impact of CCP Spin-Off	(1,252,073)	(1,247,356)	0	(1,247,356)	0	0	0	(4,717)
Net change in noncontrolling interests	(12,530)	0	0	0	0	0	0	(12,530)
Dividends to common stockholders	(1,003,413)	(1,003,413)	0	0	0	(1,003,413)	0	0
Issuance of common stock	491,024	491,024	1,797	489,227	0	0	0	0
Issuance of common stock for stock plans	12,036	12,036	23	6,068	0	0	5,945	0
Change in redeemable noncontrolling interests	1,528	(374)	0	(374)	0	0	0	1,902
Adjust redeemable OP unitholder interests to current fair value	7,831	7,831	0	7,831	0	0	0	0
Redemption of OP units	1,719	1,719	0	1,719	0	0	0	0
Grant of restricted stock, net of forfeitures	9,214	9,214	0	17,215	0	0	(8,001)	0
Balance at Dec. 31, 2015	9,625,427	9,564,327	83,579	11,602,838	(7,565)	(2,111,958)	(2,567)	61,100
Increase (decrease) in shareholders' equity
Net income	651,490	649,231	0	0	0	649,231	0	2,259
Other comprehensive income (loss)	(49,969)	(49,969)	0	0	(49,969)	0	0	0
Impact of CCP Spin-Off	640	640	0	640	0	0	0	0
Net change in noncontrolling interests	16,829	(2,179)	0	(2,179)	0	0	0	19,008
Dividends to common stockholders	(1,024,968)	(1,024,968)	0	0	0	(1,024,968)	0	0
Issuance of common stock	1,286,680	1,286,680	4,716	1,281,947	0	0	17	0
Issuance of common stock for stock plans	29,265	29,265	99	26,594	0	0	2,572	0
Change in redeemable noncontrolling interests	(15,568)	(1,714)	0	(1,714)	0	0	0	(13,854)
Adjust redeemable OP unitholder interests to current fair value	(21,085)	(21,085)	0	(21,085)	0	0	0	0
Redemption of OP units	23,812	23,812	92	22,622	0	0	1,098	0
Grant of restricted stock, net of forfeitures	6,200	6,200	28	7,339	0	0	(1,167)	0
Balance at Dec. 31, 2016	10,528,753	10,460,240	88,514	12,917,002	(57,534)	(2,487,695)	(47)	68,513
Increase (decrease) in shareholders' equity
Net income	1,361,112	1,356,470	0	0	0	1,356,470	0	4,642
Other comprehensive income (loss)	22,414	22,414	0	0	22,414	0	0	0
Impact of CCP Spin-Off	107	107	0	107	0	0	0	0
Net change in noncontrolling interests	(14,719)	(1,427)	0	(1,427)	0	0	0	(13,292)
Dividends to common stockholders	(1,109,473)	(1,109,473)	0	0	0	(1,109,473)	0	0
Issuance of common stock	73,447	73,447	276	72,618	0	0	553	0
Issuance of common stock for stock plans	22,606	22,606	87	21,723	0	0	796	0
Change in redeemable noncontrolling interests	5,246	(850)	0	(850)	0	0	0	6,096
Adjust redeemable OP unitholder interests to current fair value	253	253	0	253	0	0	0	0
Redemption of OP units	23,136	23,136	84	19,845	0	0	3,207	0
Grant of restricted stock, net of forfeitures	19,303	19,303	68	23,786	0	0	(4,551)	0
Balance at Dec. 31, 2017	$ 10,932,185	$ 10,866,226	$ 89,029	$ 13,053,057	$ (35,120)	$ (2,240,698)	$ (42)	$ 65,959

CONSOLIDATED STATEMENTS OF EQU7

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	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
Statement of Stockholders' Equity [Abstract]
Dividends to common stockholders, per share (in dollars per share)	$ 0.79	$ 0.775	$ 0.775	$ 0.775	$ 0.775	$ 0.73	$ 0.73	$ 0.73	$ 3.115	$ 2.965	$ 3.040

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 income	$ 1,361,112	$ 651,490	$ 419,222
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amounts in discontinued operations)	887,948	898,924	973,663
Amortization of deferred revenue and lease intangibles, net	(20,537)	(20,336)	(24,129)
Other non-cash amortization	16,058	10,357	5,448
Stock-based compensation	26,543	20,958	19,537
Straight-lining of rental income, net	(23,134)	(27,988)	(33,792)
Loss on extinguishment of debt, net	754	2,779	14,411
Gain on real estate dispositions	(717,273)	(98,203)	(18,811)
Gain on real estate loan investments	(124)	(2,271)	0
Gain on sale of marketable securities	0	0	(5,800)
Income tax benefit	(63,599)	(34,227)	(42,384)
Loss (income) from unconsolidated entities	3,588	(4,358)	1,244
(Gain) loss on re-measurement of equity interests upon acquisition, net	(3,027)	0	176
Distributions from unconsolidated entities	4,676	7,598	23,462
Other	9,240	(1,847)	6,517
Changes in operating assets and liabilities:
(Increase) decrease in other assets	(15,854)	5,560	42,316
Increase in accrued interest	11,068	2,604	19,995
Decrease in accounts payable and other liabilities	(35,259)	(38,699)	(2,244)
Net cash provided by operating activities	1,442,180	1,372,341	1,398,831
Cash flows from investing activities:
Net investment in real estate property	(380,232)	(1,429,112)	(2,650,788)
Investment in loans receivable and other	(748,119)	(158,635)	(171,144)
Proceeds from real estate disposals	537,431	300,561	492,408
Proceeds from loans receivable	101,097	320,082	109,176
Proceeds from sale or maturity of marketable securities	0	0	76,800
Funds held in escrow for future development expenditures	0	0	4,003
Development project expenditures	(299,085)	(143,647)	(119,674)
Capital expenditures	(132,558)	(117,456)	(107,487)
Distributions from unconsolidated entities	6,169	0	0
Investment in unconsolidated entities	(61,220)	(6,436)	(56,986)
Net cash used in investing activities	(976,517)	(1,234,643)	(2,423,692)
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	384,783	(35,637)	(723,457)
Net cash impact of CCP Spin-Off	0	0	(128,749)
Proceeds from debt	1,111,649	893,218	2,512,747
Proceeds from debt related to CCP Spin-Off	0	0	1,400,000
Repayment of debt	(1,369,084)	(1,022,113)	(1,435,596)
Purchase of noncontrolling interests	(15,809)	(2,846)	(3,819)
Payment of deferred financing costs	(27,297)	(6,555)	(24,665)
Issuance of common stock, net	73,596	1,286,680	491,023
Cash distribution to common stockholders	(827,285)	(1,024,968)	(1,003,413)
Cash distribution to redeemable OP unitholders	(5,677)	(8,640)	(15,095)
Purchases of redeemable OP units	0	0	(33,188)
Contributions from noncontrolling interests	4,402	7,326	0
Distributions to noncontrolling interests	(11,187)	(6,879)	(12,649)
Other	10,582	17,252	(81)
Net cash (used in) provided by financing activities	(671,327)	96,838	1,023,058
Net (decrease) increase in cash and cash equivalents	(205,664)	234,536	(1,803)
Effect of foreign currency translation on cash and cash equivalents	312	(852)	(522)
Cash and cash equivalents at beginning of period	286,707	53,023	55,348
Cash and cash equivalents at end of period	81,355	286,707	53,023
Supplemental disclosure of cash flow information:
Interest paid including swap payments and receipts	409,890	395,138	391,699
Assets acquired and liabilities assumed from acquisitions:
Real estate investments	425,906	69,092	2,565,960
Utilization of funds held for an Internal Revenue Code Section 1031 exchange	(286,748)	(6,954)	(8,911)
Other assets	(3,716)	90,037	20,090
Debt	75,231	47,641	177,857
Other liabilities	70,878	72,636	54,459
Deferred income tax liability	(14,869)	9,381	52,153
Noncontrolling interests	4,202	22,517	88,085
Equity issued	0	0	2,204,585
Non-cash impact of CCP Spin-Off	0	0	1,256,404
Equity issued for redemption of OP Units and Class C Units	$ 24,002	$ 24,318	$ 0

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	NOTE 1—DESCRIPTION OF BUSINESS Ventas, Inc., an S&P 500 company, is a real estate investment trust (“REIT”) with a highly diversified portfolio of seniors housing and healthcare properties located throughout the United States, Canada and the United Kingdom. As of December 31, 2017 , we owned more than 1,200 properties (including properties owned through investments in unconsolidated entities and properties classified as held for sale), consisting of seniors housing communities, medical office buildings (“MOBs”), life science and innovation centers, inpatient rehabilitation facilities (“IRFs”) and long-term acute care facilities (“LTACs”), health systems and skilled nursing facilities (“SNFs”), and we had 14 properties under development, including four properties that are owned by unconsolidated real estate entities. Our company was originally founded in 1983 and is headquartered in Chicago, Illinois. We primarily invest in seniors housing and healthcare properties through acquisitions and lease our properties to unaffiliated tenants or operate them through independent third-party managers. As of December 31, 2017 , we leased a total of 546 properties (excluding MOBs) to various healthcare operating companies under “triple-net” or “absolute-net” leases that obligate the tenants to pay all property-related expenses, including maintenance, utilities, repairs, taxes, insurance and capital expenditures. As of December 31, 2017 , pursuant to long-term management agreements, we engaged independent operators, such as Atria Senior Living, Inc. (“Atria”) and Sunrise Senior Living, LLC (together with its subsidiaries, “Sunrise”), to manage 297 seniors housing communities for us. Our three largest tenants, Brookdale Senior Living, Inc. (together with its subsidiaries, “Brookdale Senior Living”), Ardent Health Partners, LLC (together with its subsidiaries, “Ardent”) and Kindred Healthcare, Inc. (together with its subsidiaries, “Kindred”) leased from us 135 properties (excluding one property managed by Brookdale Senior Living pursuant to a long-term management agreement), 10 properties and 31 properties (excluding one MOB included within our office operations reportable business segment), respectively, as of December 31, 2017 . Through our Lillibridge Healthcare Services, Inc. subsidiary and our ownership interest in PMB Real Estate Services LLC, we also provide MOB management, leasing, marketing, facility development and advisory services to highly rated hospitals and health systems throughout the United States. In addition, from time to time, we make secured and non-mortgage loans and other investments relating to seniors housing and healthcare operators or properties. In August 2015, we completed the spin-off of most of our post-acute/skilled nursing facility portfolio into an independent, publicly traded REIT named Care Capital Properties, Inc. (“CCP”) (the “CCP Spin-Off”). The historical results of operations of the CCP properties are presented as discontinued operations in the accompanying Consolidated Financial Statements. See “ NOTE 5—DISPOSITIONS .” In September 2016, we completed the acquisition of substantially all of the university affiliated life science and innovation real estate assets of Wexford Science & Technology, LLC (“Wexford”) from affiliates of Blackstone Real Estate Partners VIII, L.P. (together with its affiliates, “Blackstone”) (the “Life Sciences Acquisition”). As a result, we renamed our MOB operations reportable business segment “office operations,” which now includes both MOBs and life science and innovation centers.

Accounting Policies

Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Accounting Policies	NOTE 2—ACCOUNTING POLICIES Principles of Consolidation The accompanying Consolidated Financial Statements include our accounts and the accounts of our wholly owned subsidiaries and the joint venture entities over which we exercise control. All intercompany transactions and balances have been eliminated in consolidation, and our net earnings are reduced by the portion of net earnings attributable to noncontrolling interests. U.S. generally accepted accounting principles (“GAAP”) requires us to identify entities for which control is achieved through means other than voting rights and to determine which business enterprise is the primary beneficiary of variable interest entities (“VIEs”). A VIE is broadly defined as an entity with one or more of the following characteristics: (a) the total equity investment at risk is insufficient to finance the entity’s activities without additional subordinated financial support; (b) as a group, the holders of the equity investment at risk lack (i) the ability to make decisions about the entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; and (c) the equity investors have voting rights that are not proportional to their economic interests, and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. We consolidate our investment in a VIE when we determine that we are its primary beneficiary. We may change our original assessment of a VIE upon subsequent events such as the modification of contractual arrangements that affects the characteristics or adequacy of the entity’s equity investments at risk and the disposition of all or a portion of an interest held by the primary beneficiary. We identify the primary beneficiary of a VIE as the enterprise that has both: (i) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits of the VIE that could be significant to the entity. We perform this analysis on an ongoing basis. As it relates to investments in joint ventures, GAAP may preclude consolidation by the sole general partner in certain circumstances based on the type of rights held by the limited partner(s). We assess limited partners’ rights and their impact on our consolidation conclusions, and we reassess if there is a change to the terms or in the exercisability of the rights of the limited partners, the sole general partner increases or decreases its ownership of limited partnership interests, or there is an increase or decrease in the number of outstanding limited partnership interests. We also apply this guidance to managing member interests in limited liability companies. We consolidate several VIEs that share the following common characteristics: • the VIE is in the legal form of an LP or LLC; • the VIE was designed to own and manage its underlying real estate investments; • we are the general partner or managing member of the VIE; • we own a majority of the voting interests in the VIE; • a minority of voting interests in the VIE are owned by external third parties, unrelated to us; • the minority owners do not have substantive kick-out or participating rights in the VIE; and • we are the primary beneficiary of the VIE. We have separately identified certain special purpose entities that were established to allow investments in life science projects by tax credit investors (“TCIs”). We have determined that these special purpose entities are VIEs and that we are the primary beneficiary of the VIEs, and therefore we consolidate these special purpose entities. Our primary beneficiary determination is based upon several factors, including but not limited to the rights we have in directing the activities which most significantly impact the VIEs’ economic performance as well as certain guarantees which protect the TCIs from losses should a tax credit recapture event occur. In general, the assets of the consolidated VIEs are available only for the settlement of the obligations of the respective entities. Unless otherwise required by the LP or LLC agreement, any mortgage loans of the consolidated VIEs are non-recourse to us. The table below summarizes the total assets and liabilities of our consolidated VIEs as reported on our Consolidated Balance Sheets. December 31, 2017 December 31, 2016 Total Assets Total Liabilities Total Assets Total Liabilities (In thousands) NHP/PMB L.P. $ 605,150 $ 199,958 $ 639,763 $ 199,674 Ventas Realty Capital Healthcare Trust Operating Partnership, L.P. — — 2,143,139 162,426 Other identified VIEs 1,983,124 349,961 1,882,336 354,034 Tax credit VIEs 988,598 221,908 981,752 234,109 Investments in Unconsolidated Entities We report investments in unconsolidated entities over whose operating and financial policies we have the ability to exercise significant influence under the equity method of accounting. Under this method of accounting, our share of the investee’s earnings or losses is included in our Consolidated Statements of Income. We base the initial carrying value of investments in unconsolidated entities on the fair value of the assets at the time we acquired the joint venture interest. We estimate fair values for our equity method investments based on discounted cash flow models that include all estimated cash inflows and outflows over a specified holding period and, where applicable, any estimated debt premiums or discounts. The capitalization rates, discount rates and credit spreads we use in these models are based upon assumptions that we believe to be within a reasonable range of current market rates for the respective investments. We generally amortize any difference between our cost basis and the basis reflected at the joint venture level, if any, over the lives of the related assets and liabilities and include that amortization in our share of income or loss from unconsolidated entities. For earnings of equity method investments with pro rata distribution allocations, net income or loss is allocated between the partners in the joint venture based on their respective stated ownership percentages. In other instances, net income or loss is allocated between the partners in the joint venture based on the hypothetical liquidation at book value method (the “HLBV method”). Under the HLBV method, net income or loss is allocated between the partners based on the difference between each partner’s claim on the net assets of the joint venture at the end and beginning of the period, after taking into account contributions and distributions. Each partner’s share of the net assets of the joint venture is calculated as the amount that the partner would receive if the joint venture were to liquidate all of its assets at net book value and distribute the resulting cash to creditors and partners in accordance with their respective priorities. Under this method, in any given period, we could record more or less income than the joint venture has generated, than actual cash distributions received or than the amount we may receive in the event of an actual liquidation. Redeemable OP Unitholder and Noncontrolling Interests We own a majority interest in NHP/PMB L.P. (“NHP/PMB”), a limited partnership formed in 2008 to acquire properties from entities affiliated with Pacific Medical Buildings LLC. We consolidate NHP/PMB, as our wholly owned subsidiary is the general partner and the primary beneficiary of this VIE. As of December 31, 2017 , third party investors owned 2.7 million Class A limited partnership units in NHP/PMB (“OP Units”), which represented 27.2% of the total units then outstanding, and we owned 7.2 million Class B limited partnership units in NHP/PMB, representing the remaining 72.8% . At any time following the first anniversary of the date of their issuance, the OP Units may be redeemed at the election of the holder for cash or, at our option, 0.9051 shares of our common stock per OP Unit, subject to further adjustment in certain circumstances. We are party by assumption to a registration rights agreement with the holders of the OP Units that requires us, subject to the terms and conditions and certain exceptions set forth therein, to file and maintain a registration statement relating to the issuance of shares of our common stock upon redemption of OP Units. Prior to January 2017, we owned a majority interest in Ventas Realty Capital Healthcare Trust Operating Partnership, L.P. (“Ventas Realty OP”) and we consolidated this entity, as our wholly owned subsidiary is the general partner, and was the primary beneficiary of this VIE. In January 2017, third party investors redeemed the remaining 341,776 limited partnership units (“Class C Units”) outstanding for 341,776 shares of Ventas common stock, valued at $20.9 million . After giving effect to such redemptions, Ventas Realty OP is our wholly owned subsidiary. As redemption rights are outside of our control, the redeemable OP Units and Class C Units (together, the “OP Unitholder Interests”) are classified outside of permanent equity on our Consolidated Balance Sheets. We reflect the redeemable OP Unitholder Interests at the greater of cost or fair value. As of December 31, 2017 and 2016 , the fair value of the redeemable OP Unitholder Interests was $146.3 million and $ 177.2 million , respectively. We recognize changes in fair value through capital in excess of par value, net of cash distributions paid and purchases by us of any OP Unitholder Interests. Our diluted earnings per share (“EPS”) includes the effect of any potential shares outstanding from redemption of the OP Unitholder Interests. Certain noncontrolling interests of other consolidated joint ventures were also classified as redeemable at December 31, 2017 and 2016 . Accordingly, we record the carrying amount of these noncontrolling interests at the greater of their initial carrying amount (increased or decreased for the noncontrolling interests’ share of net income or loss and distributions) or the redemption value. Our joint venture partners have certain redemption rights with respect to their noncontrolling interests in these joint ventures that are outside of our control, and the redeemable noncontrolling interests are classified outside of permanent equity on our Consolidated Balance Sheets. We recognize changes in the carrying value of redeemable noncontrolling interests through capital in excess of par value. Noncontrolling Interests Excluding the redeemable noncontrolling interests described above, we present the portion of any equity that we do not own in entities that we control (and thus consolidate) as noncontrolling interests and classify those interests as a component of consolidated equity, separate from total Ventas stockholders’ equity, on our Consolidated Balance Sheets. For consolidated joint ventures with pro rata distribution allocations, net income or loss is allocated between the joint venture partners based on their respective stated ownership percentages. In other cases, net income or loss is allocated between the joint venture partners based on the HLBV method. We account for purchases or sales of equity interests that do not result in a change of control as equity transactions, through capital in excess of par value. In addition, we include net income attributable to the noncontrolling interests in net income in our Consolidated Statements of Income. Accounting for Historic and New Markets Tax Credits For certain of our life science and innovation centers, we are party to certain contractual arrangements with TCIs that were established to enable the TCIs to receive benefits of historic tax credits (“HTCs”) and/or new market tax credits (“NMTCs”). As of December 31, 2017 , we own 11 properties that had syndicated HTCs or NMTCs, or both, to TCIs. In general, capital contributions are made by TCIs into special purpose entities that invest in entities that own the subject property and generate the tax credits. The TCIs receive substantially all of the tax credits and hold only a noncontrolling interest in the economic risk and benefits of the special purpose entities. HTCs are delivered to the TCIs upon substantial completion of the project. NMTCs are allowed for up to 39% of a qualified investment and are delivered to the TCIs after the investment has been funded and spent on a qualified business. HTCs are subject to 20% recapture per year beginning one year after the completion of the historic rehabilitation of the subject property. NMTCs are subject to 100% recapture until the end of the seventh year following the qualifying investment. We have provided the TCIs with certain guarantees which protect the TCIs from losses should a tax credit recapture event occur. The contractual arrangements with the TCIs include a put/call provision whereby we may be obligated or entitled to repurchase the ownership interest of the TCIs in the special purpose entities at the end of the tax credit recapture period. We anticipate that either the TCIs will exercise their put rights or we will exercise our call rights prior to the applicable tax credit recapture periods. The portion of the TCI’s capital contribution that is attributed to the put is recorded at fair value at inception in accounts payable and other liabilities on our Consolidated Balance Sheets, and is accreted to the expected put price as interest expense in our Consolidated Statements of Income over the recapture period. The remaining balance of the TCI’s capital contribution is initially recorded in accounts payable and other liabilities on our Consolidated Balance Sheets and will be relieved upon delivery of the tax credit to the TCI, as a reduction in the carrying value of the subject property, net of allocated expenses. Direct and incremental costs incurred in structuring the transaction are deferred and will be recognized as an increase in the cost basis of the subject property upon the recognition of the related tax credit as discussed above. Accounting Estimates The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions regarding future events that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Accounting for Real Estate Acquisitions On January 1, 2017, we adopted Accounting Standards Update (“ASU”) 2017-01, Clarifying the Definition of a Business (“ASU 2017-01”) which narrows the Financial Accounting Standards Board’s (“FASB”) definition of a business and provides a framework that gives entities a basis for making reasonable judgments about whether a transaction involves an asset or a business. ASU 2017-01 states that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the acquired asset is not a business. If this initial test is not met, an acquired asset cannot be considered a business unless it includes an input and a substantive process that together significantly contribute to the ability to create output. The primary differences between business combinations and asset acquisitions include recognition of goodwill at the acquisition date and expense recognition for transaction costs as incurred. We are applying ASU 2017-01 prospectively for acquisitions after January 1, 2017. Regardless of whether an acquisition is considered a business combination or an asset acquisition, we record the cost of the businesses or assets acquired as tangible and intangible assets and liabilities based upon their estimated fair values as of the acquisition date. Intangibles primarily include the value of in-place leases and acquired lease contracts. We estimate the fair value of buildings acquired on an as-if-vacant basis or replacement cost basis and depreciate the building value over the estimated remaining life of the building, generally not to exceed 35 years . We determine the fair value of other fixed assets, such as site improvements and furniture, fixtures and equipment, based upon the replacement cost and depreciate such value over the assets’ estimated remaining useful lives as determined at the applicable acquisition date. We determine the value of land either by considering the sales prices of similar properties in recent transactions or based on internal analyses of recently acquired and existing comparable properties within our portfolio. We generally determine the value of construction in progress based upon the replacement cost. However, for certain acquired properties that are part of a ground-up development, we determine fair value by using the same valuation approach as for all other properties and deducting the estimated cost to complete the development. During the remaining construction period, we capitalize project costs until the development has reached substantial completion. Construction in progress, including capitalized interest, is not depreciated until the development has reached substantial completion. The fair value of acquired lease-related intangibles, if any, reflects: (i) the estimated value of any above and/or below market leases, determined by discounting the difference between the estimated market rent and in-place lease rent; and (ii) the estimated value of in-place leases related to the cost to obtain tenants, including leasing commissions, and an estimated value of the absorption period to reflect the value of the rent and recovery costs foregone during a reasonable lease-up period as if the acquired space was vacant. We amortize any acquired lease-related intangibles to revenue or amortization expense over the remaining life of the associated lease plus any assumed bargain renewal periods. If a lease is terminated prior to its stated expiration or not renewed upon expiration, we recognize all unamortized amounts of lease-related intangibles associated with that lease in operations at that time. We estimate the fair value of purchase option intangible assets and liabilities, if any, by discounting the difference between the applicable property’s acquisition date fair value and an estimate of its future option price. We do not amortize the resulting intangible asset or liability over the term of the lease, but rather adjust the recognized value of the asset or liability upon sale. We estimate the fair value of tenant or other customer relationships acquired, if any, by considering the nature and extent of existing relationships with the tenant or customer, growth prospects for developing new business with the tenant or customer, the tenant’s credit quality, expectations of lease renewals with the tenant, and the potential for significant, additional future leasing arrangements with the tenant, and we amortize that value over the expected life of the associated arrangements or leases, including the remaining terms of the related leases and any expected renewal periods. We estimate the fair value of trade names and trademarks using a royalty rate methodology and amortize that value over the estimated useful life of the trade name or trademark. In connection with an acquisition, we may assume rights and obligations under certain lease agreements pursuant to which we become the lessee of a given property. We generally assume the lease classification previously determined by the prior lessee absent a modification in the assumed lease agreement. We assess assumed operating leases, including ground leases, to determine whether the lease terms are favorable or unfavorable to us given current market conditions on the acquisition date. To the extent the lease terms are favorable or unfavorable to us relative to market conditions on the acquisition date, we recognize an intangible asset or liability at fair value and amortize that asset or liability to interest or rental expense in our Consolidated Statements of Income over the applicable lease term. We include all lease-related intangible assets and liabilities within acquired lease intangibles and accounts payable and other liabilities, respectively, on our Consolidated Balance Sheets. We determine the fair value of loans receivable acquired by discounting the estimated future cash flows using current interest rates at which similar loans with the same terms and length to maturity would be made to borrowers with similar credit ratings. We do not establish a valuation allowance at the acquisition date because the estimated future cash flows already reflect our judgment regarding their uncertainty. We recognize the difference between the acquisition date fair value and the total expected cash flows as interest income using an effective interest method over the life of the applicable loan. Subsequent to the acquisition date, we evaluate changes regarding the uncertainty of future cash flows and the need for a valuation allowance, as appropriate. We estimate the fair value of noncontrolling interests assumed consistent with the manner in which we value all of the underlying assets and liabilities. We calculate the fair value of long-term assumed debt by discounting the remaining contractual cash flows on each instrument at the current market rate for those borrowings, which we approximate based on the rate at which we would expect to incur a replacement instrument on the date of acquisition, and recognize any fair value adjustments related to long-term debt as effective yield adjustments over the remaining term of the instrument. Impairment of Long-Lived and Intangible Assets We periodically evaluate our long-lived assets, primarily consisting of investments in real estate, 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, we consider market conditions and our current intentions with respect to holding or disposing of the asset. We adjust the net book value of leased properties and other long-lived assets to fair value if the sum of the expected future undiscounted cash flows, including sales proceeds, is less than book value. We recognize an impairment loss at the time we make any such determination. If impairment indicators arise with respect to intangible assets with finite useful lives, we evaluate impairment by comparing the carrying amount of the asset to the estimated future undiscounted net cash flows expected to be generated by the asset. If estimated future undiscounted net cash flows are less than the carrying amount of the asset, then we estimate the fair value of the asset and compare the estimated fair value to the intangible asset’s carrying value. We recognize any shortfall from carrying value as an impairment loss in the current period. We evaluate our investments in unconsolidated entities for impairment at least annually, and whenever events or changes in circumstances indicate that the carrying value of our investment may exceed its fair value. If we determine that a decline in the fair value of our investment in an unconsolidated entity is other-than-temporary, and if such reduced fair value is below the carrying value, we record an impairment. We test goodwill for impairment at least annually, and more frequently if indicators arise. We first assess qualitative factors, such as current macroeconomic conditions, state of the equity and capital markets and our overall financial and operating performance, to determine the likelihood that the fair value of a reporting unit is less than its carrying amount. If we determine it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we proceed with the two-step approach to evaluating impairment. First, we estimate the fair value of the reporting unit and compare it to the reporting unit’s carrying value. If the carrying value exceeds fair value, we proceed with the second step, which requires us to assign the fair value of the reporting unit to all of the assets and liabilities of the reporting unit as if it had been acquired in a business combination at the date of the impairment test. The excess fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied value of goodwill and is used to determine the amount of impairment. We recognize an impairment loss to the extent the carrying value of goodwill exceeds the implied value in the current period. Estimates of fair value used in our evaluation of goodwill (if necessary based on our qualitative assessment), investments in real estate, investments in unconsolidated entities and intangible assets are based upon discounted future cash flow projections or other acceptable valuation techniques that are based, in turn, upon all available evidence including level three inputs, such as revenue and expense growth rates, estimates of future cash flows, capitalization rates, discount rates, general economic conditions and trends, or other available market data. Our ability to accurately predict future operating results and cash flows and to estimate and determine fair values impacts the timing and recognition of impairments. While we believe our assumptions are reasonable, changes in these assumptions may have a material impact on our financial results. Assets Held for Sale and Discontinued Operations We sell properties from time to time for various reasons, including favorable market conditions or the exercise of purchase options by tenants. We classify certain long-lived assets as held for sale once the criteria, as defined by GAAP, has been met. Long-lived assets to be disposed of are reported at the lower of their carrying amount or fair value minus cost to sell and are no longer depreciated. We report discontinued operations when the following criteria are met: (1) a component of an entity or group of components that has been disposed of or classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results; or (2) an acquired business that is classified as held for sale on the acquisition date. Assets relating to the CCP Spin-Off were reported as discontinued operations once the transaction was completed. The results of operations for assets meeting the definition of discontinued operations are reflected in our Consolidated Statements of Income as discontinued operations for all periods presented. We allocate estimated interest expense to discontinued operations based on property values and our weighted average interest rate or the property’s actual mortgage interest. Loans Receivable We record loans receivable, other than those acquired in connection with a business combination, on our Consolidated Balance Sheets (either in secured loans receivable and investments, net or other assets, in the case of non-mortgage loans receivable) at the unpaid principal balance, net of any deferred origination fees, purchase discounts or premiums and valuation allowances. We amortize net deferred origination fees, which are comprised of loan fees collected from the borrower net of certain direct costs, and purchase discounts or premiums over the contractual life of the loan using the effective interest method and immediately recognize in income any unamortized balances if the loan is repaid before its contractual maturity. We regularly evaluate the collectibility of loans receivable based on factors such as corporate and facility-level financial and operational reports, compliance with financial covenants set forth in the applicable loan agreement, the financial strength of the borrower and any guarantor, the payment history of the borrower and current economic conditions. If our evaluation of these factors indicates it is probable that we will be unable to collect all amounts due under the terms of the applicable loan agreement, we provide a reserve against the portion of the receivable that we estimate may not be collected. Cash Equivalents Cash equivalents consist of highly liquid investments with a maturity date of three months or less when purchased. These investments are stated at cost, which approximates fair value. Escrow Deposits and Restricted Cash Escrow deposits consist of amounts held by us or our lenders to provide for future real estate tax, insurance expenditures and tenant improvements related to our properties and operations. Restricted cash generally represents amounts paid to us for security deposits and other similar purposes. Deferred Financing Costs We amortize deferred financing costs, which are reported within senior notes payable and other debt on our Consolidated Balance Sheets, as a component of interest expense over the terms of the related borrowings using a method that approximates a level yield. Amortized costs of approximately $18.9 million , $17.9 million and $18.7 million were included in interest expense for the years ended December 31, 2017 , 2016 and 2015 , respectively. Marketable Debt and Equity Securities We record marketable debt and equity securities as available-for-sale and classify them as a component of other assets on our Consolidated Balance Sheets (other than our interests in government-sponsored pooled loan investments, which are classified as secured loans receivable and investments, net on our Consolidated Balance Sheets). We record these securities at fair value and include unrealized gains and losses recorded in stockholders’ equity as a component of accumulated other comprehensive income on our Consolidated Balance Sheets. We report interest income, including discount or premium amortization, on marketable debt securities and gains or losses on securities sold, which are based on the specific identification method, in income from loans and investments in our Consolidated Statements of Income. Derivative Instruments We recognize all derivative instruments in other assets or accounts payable and other liabilities on our Consolidated Balance Sheets at fair value as of the reporting date. We recognize changes in the fair value of derivative instruments in other expenses in our Consolidated Statements of Income or accumulated other comprehensive income on our Consolidated Balance Sheets, depending on the intended use of the derivative and our designation of the instrument. We do not use our derivative financial instruments, including interest rate caps, interest rate swaps and foreign currency forward contracts, for trading or speculative purposes. Our foreign currency forward contracts and certain of our interest rate swaps (including the interest rate swap contracts of unconsolidated joint ventures) are designated as effectively hedging the variability of expected cash flows related to their underlying securities and, therefore, also are recorded on our Consolidated Balance Sheets at fair value, with changes in the fair value of these instruments recognized in accumulated other comprehensive income on our Consolidated Balance Sheets. We recognize our proportionate share of the change in fair value of swap contracts of our unconsolidated joint ventures in accumulated other comprehensive income on our Consolidated Balance Sheets. Certain of our other interest rate swaps and rate caps were not designated as having a hedging relationship with the underlying securities and therefore do not meet the criteria for hedge accounting under GAAP. Accordingly, these interest rate swaps are recorded on our Consolidated Balance Sheets at fair value, and we recognize changes in the fair value of these instruments in current earnings (in other expenses) in our Consolidated Statements of Income. Fair Values of Financial Instruments Fair value is a market-based measurement, not an entity-specific measurement, and we determine fair value based on the assumptions that we expect market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, GAAP establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within levels one and two of the hierarchy) and the reporting en

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2017
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	NOTE 3—CONCENTRATION OF CREDIT RISK As of December 31, 2017 , Atria, Sunrise, Brookdale Senior Living, Ardent and Kindred managed or operated approximately 22.3% , 10.8% , 7.5% , 4.9% and 1.1% , respectively, of our consolidated real estate investments based on gross book value (excluding properties classified as held for sale as of December 31, 2017 ). Because Atria and Sunrise manage our properties in exchange for the receipt of a management fee from us, we are not directly exposed to the credit risk of our managers in the same manner or to the same extent as our triple-net tenants. Based on gross book value, approximately 25.9% and 35.1% of our real estate investments were seniors housing communities included in the triple-net leased properties and senior living operations reportable business segments, respectively (excluding properties classified as held for sale and properties owned through investments in unconsolidated entities as of December 31, 2017 ). MOBs, life science and innovation centers, IRFs and LTACs, health systems, SNFs and secured loans receivable and investments collectively comprised the remaining 39.0% . Our consolidated properties were located in 46 states, the District of Columbia, seven Canadian provinces and the United Kingdom as of December 31, 2017 , with properties in one state ( California ) accounting for more than 10% of our total continuing revenues and net operating income (“NOI,” which is defined as total revenues, excluding interest and other income, less property-level operating expenses and office building services costs) for each of the years ended December 31, 2017 , 2016 and 2015 . Triple-Net Leased Properties The following table reflects our concentration risk for the periods presented: For the Year Ended December 31, 2017 2016 2015 Revenues (1) : Brookdale Senior Living (2) 4.7 % 4.8 % 5.3 % Ardent 3.1 3.1 1.3 Kindred (3) 4.6 5.4 5.7 NOI: Brookdale Senior Living (2) 8.0 % 8.3 % 9.3 % Ardent 5.3 5.3 2.3 Kindred (3) 7.9 9.2 9.9 (1) Total revenues include office building and other services revenue, income from loans and investments and interest and other income. (2) Excludes one seniors housing community included in the senior living operations reportable business segment at December 31, 2017 . (3) Excludes one MOB included in the office operations reportable business segment. Each of our leases with Brookdale Senior Living, Ardent and Kindred is a triple-net lease that obligates the tenant to pay all property-related expenses, including maintenance, utilities, repairs, taxes, insurance and capital expenditures, and to comply with the terms of the mortgage financing documents, if any, affecting the properties. In addition, each of our Brookdale Senior Living, Ardent and Kindred leases has a corporate guaranty. Brookdale Senior Living has multiple leases with us and those leases contain cross-default provisions tied to each other, as well as lease renewals by lease agreement or by pool of assets. The properties we lease to Brookdale Senior Living, Ardent and Kindred accounted for a significant portion of our triple-net leased properties segment revenues and NOI for the years ended December 31, 2017 , 2016 and 2015 . If any of Brookdale Senior Living, Ardent or Kindred becomes unable or unwilling to satisfy its obligations to us or to renew its leases with us upon expiration of the terms thereof, our financial condition and results of operations could decline, and our ability to service our indebtedness and to make distributions to our stockholders could be impaired. We cannot assure you that Brookdale Senior Living, Ardent and Kindred will have sufficient assets, income and access to financing to enable them to satisfy their respective obligations to us, and any failure, inability or unwillingness by Brookdale Senior Living, Ardent and Kindred 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 our ability to make distributions to our stockholders, as required for us to continue to qualify as a REIT (a “Material Adverse Effect”). We also cannot assure you that Brookdale Senior Living, Ardent and Kindred will elect to renew their respective leases with us upon expiration of the leases or that we will be able to reposition any non-renewed properties on a timely basis or on the same or better economic terms, if at all. The following table sets forth the future contracted minimum rentals, excluding contingent rent escalations, but including straight-line rent adjustments and reserves where applicable, for all of our consolidated triple-net and office building leases as of December 31, 2017 (excluding properties classified as held for sale as of December 31, 2017 ): Brookdale Senior Living Ardent Kindred Other Total (In thousands) 2018 $ 162,346 $ 113,361 $ 126,087 $ 966,445 $ 1,368,239 2019 151,999 113,361 126,127 912,556 1,304,043 2020 35,192 113,361 126,169 860,246 1,134,968 2021 14,071 113,361 126,211 799,658 1,053,301 2022 3,339 113,361 126,254 699,060 942,014 Thereafter 7,498 1,435,906 247,566 3,580,776 5,271,746 Total $ 374,445 $ 2,002,711 $ 878,414 $ 7,818,741 $ 11,074,311 Senior Living Operations As of December 31, 2017 , Atria and Sunrise, collectively, provided comprehensive property management and accounting services with respect to 273 of our 297 seniors housing communities, for which we pay annual management fees pursuant to long-term management agreements. We rely on our managers’ personnel, expertise, technical resources and information systems, proprietary information, good faith and judgment to manage our senior living operations efficiently and effectively. We also rely on our managers to set appropriate resident fees and otherwise operate our seniors housing communities in compliance with the terms of our management agreements and all applicable laws and regulations. Although we have various rights as the property owner under our management agreements, including various rights to terminate and exercise remedies under the agreements as provided therein, Atria’s or Sunrise’s failure, inability or unwillingness to satisfy its respective obligations under those agreements, to efficiently and effectively manage our properties or to provide timely and accurate accounting information with respect thereto could have a Material Adverse Effect on us. In addition, significant changes in Atria’s or Sunrise’s senior management or equity ownership or any adverse developments in their businesses or financial condition could have a Material Adverse Effect on us. Our 34% ownership interest in Atria entitles us to certain rights and minority protections, as well as the right to appoint two of six members on the Atria Board of Directors. Brookdale Senior Living, Kindred, Atria, Sunrise and Ardent Information Each of Brookdale Senior Living and Kindred is subject to the reporting requirements of the SEC and is required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information. The information related to Brookdale Senior Living and Kindred contained or referred to in this Annual Report on Form 10-K has been derived from SEC filings made by Brookdale Senior Living or Kindred, as the case may be, or other publicly available information, or was provided to us by Brookdale Senior Living or Kindred, and we have not verified this information through an independent investigation or otherwise. We have no reason to believe that this information is inaccurate in any material respect, but we cannot assure you of its accuracy. We are providing this data for informational purposes only, and you are encouraged to obtain Brookdale Senior Living’s and Kindred’s publicly available filings, which can be found at the SEC’s website at www.sec.gov. Atria, Sunrise and Ardent are not currently subject to the reporting requirements of the SEC. The information related to Atria, Sunrise and Ardent contained or referred to in this Annual Report on Form 10-K has been derived from publicly available information or was provided to us by Atria, Sunrise or Ardent, as the case may be, and we have not verified this information through an independent investigation or otherwise. We have no reason to believe that this information is inaccurate in any material respect, but we cannot assure you of its accuracy.

Acquisitions of Real Estate Pro

Acquisitions of Real Estate Property	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Acquisitions of Real Estate Property	NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY The following summarizes our acquisition and development activities during 2017 , 2016 and 2015 . We acquire and invest in seniors housing and healthcare properties primarily to achieve an expected yield on our investment, to grow and diversify our portfolio and revenue base, and to reduce our dependence on any single tenant, operator or manager, geographic location, asset type, business model or revenue source. 2017 Acquisitions During the year ended December 31, 2017 , we acquired 15 triple-net leased properties (including six assets previously owned by an equity method investee), four properties reported within our office operations reportable business segment ( three life science, research and medical assets and one MOB) and three seniors housing communities (reported within our senior living operations reportable business segment) for an aggregate purchase price of $691.3 million . Each of these acquisitions was accounted for as an asset acquisition. During the year ended December 31, 2017 , we completed the development of one triple-net leased property, representing $6.9 million of net real estate property on our Consolidated Balance Sheets. 2016 Acquisitions Life Sciences Acquisition In September 2016, we completed the acquisition of substantially all of the university affiliated life science and innovation real estate assets of Wexford from Blackstone for total consideration of $1.5 billion . The properties acquired will continue to be managed by Wexford, which will remain a separate management company owned and operated by the existing Wexford management team. We have exclusive rights to fund and own future life science projects developed by Wexford. Other 2016 Acquisitions During the year ended December 31, 2016, we made other investments totaling approximately $42.3 million , including the acquisition of one triple-net leased property and two MOBs. Completed Developments During 2016, we completed the development of three triple-net leased properties ( two of which were expansions of existing seniors housing assets), representing $31.9 million of net real estate property on our Consolidated Balance Sheets as of December 31, 2016 . Estimated Fair Value We accounted for our 2016 acquisitions under the acquisition method in accordance with ASC 805, Business Combinations (“ASC 805”). The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed in our 2016 real estate acquisitions, which we determined using level two and level three inputs: Triple-Net Leased Properties Office Operations Total (In thousands) Land and improvements $ 1,579 $ 63,526 $ 65,105 Buildings and improvements 12,558 1,311,676 1,324,234 Acquired lease intangibles 163 200,022 200,185 Other assets — 99,777 99,777 Total assets acquired 14,300 1,675,001 1,689,301 Notes payable and other debt — 47,641 47,641 Intangible liabilities — 103,769 103,769 Other liabilities 380 64,792 65,172 Total liabilities assumed 380 216,202 216,582 Noncontrolling interest assumed — 24,656 24,656 Net assets acquired 13,920 1,434,143 1,448,063 Cash acquired — 19,119 19,119 Total cash used $ 13,920 $ 1,415,024 $ 1,428,944 For certain acquisitions, the determination of fair values of the assets acquired and liabilities assumed has changed. We made certain adjustments during 2017 due primarily to reclassification adjustments for presentation and adjustments to our valuation assumptions. The changes to our valuation assumptions were based on more accurate information concerning the subject assets and liabilities. None of these changes had a material impact on our Consolidated Financial Statements. Aggregate Revenue and NOI For the year ended December 31, 2016 , aggregate revenue and NOI derived from our completed 2016 acquisitions during our period of ownership were $55.7 million and $37.7 million , respectively. Transaction Costs Prior to our adoption of ASU 2017-01, transaction costs are expensed as incurred and included in merger-related expenses and deal costs in our Consolidated Statements of Income. During 2016, we expensed as incurred $19.1 million related to our completed 2016 transactions. 2015 Acquisitions HCT Acquisition In January 2015, we acquired American Realty Capital Healthcare Trust, Inc. (“HCT”) in a stock and cash transaction, which added 152 properties to our portfolio. At the effective time of the merger, each share of HCT common stock outstanding (other than shares held by us, HCT or our respective subsidiaries, which shares were canceled) was converted into the right to receive either 0.1688 shares of our common stock (with cash paid in lieu of fractional shares) or $11.33 per share in cash, at the election of each HCT shareholder. Shares of HCT common stock for which a valid election was not made were converted into the stock consideration. We funded the transaction through the issuance of approximately 28.4 million shares of our common stock and 1.1 million limited partnership units that were redeemable for shares of our common stock and the payment of approximately $11 million in cash (excluding cash in lieu of fractional shares). In addition, we assumed approximately $167 million of mortgage debt and repaid approximately $730 million of debt, net of HCT cash on hand. In August 2015, 20 of the properties that we acquired in the HCT acquisition were disposed of as part of the CCP Spin-Off. Ardent Health Services Acquisition On August 4, 2015, we completed our acquisition of Ardent Medical Services, Inc. and simultaneous separation and sale of the Ardent hospital operating company to a consortium composed of an entity controlled by Equity Group Investments, Ardent’s management team and us (collectively the “Ardent Transaction”). As of the acquisition date, we recorded the estimated fair value of our investment in owned hospital and other real estate of approximately $1.3 billion . At closing, we paid $26.3 million for our 9.9% interest in Ardent which represents our estimate of the acquisition date fair value of this interest. Upon closing, we entered into a long-term triple-net master lease with Ardent to operate the ten hospital campuses and other real estate we acquired. Other 2015 Acquisitions In 2015, we made other investments totaling approximately $612 million , including the acquisition of eleven triple-net leased properties; nine MOBs (including eight MOBs that we had previously accounted for as investments in unconsolidated entities; see “ NOTE 7—INVESTMENTS IN UNCONSOLIDATED ENTITIES ”) and 12 skilled nursing facilities (all of which were disposed of as part of the CCP Spin-Off). Completed Developments During 2015, we completed the development of one triple-net leased seniors housing community, representing $9.3 million of net real estate property on our Consolidated Balance Sheets as of December 31, 2015. Estimated Fair Value We accounted for our 2015 acquisitions under the acquisition method in accordance with ASC 805. The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed, which we determined using level two and level three inputs: Triple-Net Leased Properties Senior Living Operations Office Operations Total (In thousands) Land and improvements $ 190,566 $ 70,713 $ 173,307 $ 434,586 Buildings and improvements 1,726,063 703,080 1,214,546 3,643,689 Acquired lease intangibles 169,362 83,867 184,540 437,769 Other assets 174,093 272,888 402,734 849,715 Total assets acquired 2,260,084 1,130,548 1,975,127 5,365,759 Notes payable and other debt — 77,940 99,917 177,857 Other liabilities 45,924 45,408 46,565 137,897 Total liabilities assumed 45,924 123,348 146,482 315,754 Net assets acquired $ 2,214,160 $ 1,007,200 $ 1,828,645 5,050,005 Redeemable OP unitholder interests assumed 88,085 Cash acquired 59,584 Equity issued 2,216,355 Total cash used $ 2,685,981 Included in other assets above is $746.9 million of goodwill, which represents the excess of the purchase price over the fair value of the assets acquired and liabilities assumed as of the acquisition date. A substantial amount of this goodwill was due to an increase in our stock price between the announcement date and closing dates of the HCT acquisition. Goodwill has been allocated to our reportable business segments based on the respective fair value of the net assets acquired, as follows: triple-net leased properties - $133.6 million ; senior living operations - $219.1 million ; and office operations - $394.2 million . Aggregate Revenue and NOI For the year ended December 31, 2015, aggregate revenue and NOI derived from our 2015 real estate acquisitions during our period of ownership were $327.0 million and $201.9 million , respectively, excluding revenue and NOI for any assets contributed in the CCP Spin-Off. Transaction Costs Prior to our adoption of ASU 2017-01, transaction costs are expensed as incurred and included in merger-related expenses and deal costs in our Consolidated Statements of Income. For the year ending December 31, 2015, we expensed as incurred $99.0 million of costs related to our completed 2015 transactions, $4.1 million of which is reported within discontinued operations. These transaction costs exclude any separation costs associated with the CCP Spin-Off (refer to “ NOTE 5—DISPOSITIONS ”).

Dispositions

Dispositions	12 Months Ended
	Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Dispositions	NOTE 5—DISPOSITIONS 2017 Activity During the year ended December 31, 2017 , we sold 53 triple-net leased properties, five MOBs and certain vacant land parcels for aggregate consideration of $870.8 million , and we recognized a gain on the sale of these assets of $717.3 million , net of taxes. SNF Dispositions In November 2016, we entered into agreements with Kindred providing that Kindred will either acquire all 36 SNFs owned by us and operated by Kindred (the “Ventas SNFs”) for $700 million , in connection with Kindred’s previously announced plan to exit its SNF business; or, renew the current lease on all unpurchased Ventas SNFs not purchased by Kindred by April 30, 2018 until 2025 at the current rent level plus annual escalations. On June 30, 2017, Kindred announced that it had signed definitive agreements to sell its entire SNF business to an affiliate of Blue Mountain Capital Management, LLC and that, as Kindred closes on the sale of its SNFs, Kindred will pay to us its allocable portion of the sale proceeds for a total of approximately $700 million aggregate purchase price for the Ventas SNFs, and we will convey the applicable Ventas SNFs to the ultimate buyer. During 2017, we sold the 36 Ventas SNFs, included in the 53 triple-net properties described above, for aggregate consideration of approximately $700 million and recognized a gain on the sale of these assets of $657.6 million , net of taxes. 2016 Activity During the year ended December 31, 2016, we sold 29 triple-net leased properties, one seniors housing community included in our senior living operations reportable business segment and six MOBs for aggregate consideration of $300.8 million . We recognized a gain on the sales of these assets of $98.2 million , net of taxes. 2015 Activity During 2015, we sold 39 triple-net leased properties and 26 MOBs for aggregate consideration of $541.0 million , including lease termination fees of $6.0 million , included within triple-net leased rental income in our Consolidated Statements of Income. We recognized a gain on the sales of these assets of $46.3 million , net of taxes, of which $27.4 million is being deferred due to one secured loan of $78.4 million and one non-mortgage loan of $20.0 million , we made to the buyers in connection with the sales of certain assets. Assets Held for Sale The table below summarizes our real estate assets classified as held for sale as of December 31, 2017 and 2016 , including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets. December 31, 2017 December 31, 2016 Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale (Dollars in thousands) Triple-net leased properties — $ — $ — — $ — $ — Office operations 8 100,324 61,202 7 53,151 1,462 Senior living operations (1) — — — — 1,810 — Total 8 $ 100,324 $ 61,202 7 $ 54,961 $ 1,462 (1) Includes one vacant land parcel classified as held for sale as December 31, 2016 , which was sold during 2017. Real Estate Impairment We recognized impairments of $37.5 million , $35.2 million and $42.2 million for the years ended December 31, 2017 , 2016 and 2015 respectively, which are recorded primarily as a component of depreciation and amortization and relate primarily to our triple-net leased properties reportable business segment. Our recorded impairments were primarily the result of a change in our intent to hold the impaired assets. In most cases, we recognized an impairment in the periods in which our change in intent was made. CCP Spin-Off On August 17, 2015, we completed the CCP Spin-Off. In connection with the CCP Spin-Off, we disposed of 355 triple-net leased skilled nursing facilities and other healthcare assets operated by private regional and local care providers. The CCP Spin-Off was effectuated through a distribution of the common shares of CCP to holders of our common stock as of the distribution record date, and qualified as a tax-free distribution to our stockholders. For every four shares of Ventas common stock held as of the distribution record date of August 10, 2015, Ventas stockholders received one CCP common share on August 17, 2015. On August 17, 2015, just prior to the effective time of the spin-off, CCP (as our then wholly owned subsidiary) received approximately $1.4 billion of proceeds from a recently completed term loan and revolving credit facility. CCP paid us a distribution of $1.3 billion from these proceeds. We used this distribution from CCP to pay down our existing debt of $1.1 billion and to pay for a portion of our quarterly installment of dividends to our stockholders of $0.2 billion . The historical results of operations of the CCP properties as well as the related assets and liabilities have been presented as discontinued operations in the consolidated statements of operations and comprehensive income. Discontinued operations also include separation costs incurred to complete the CCP Spin-Off of $42.3 million for the year ended December 31, 2015. Separation costs for 2015 include $3.5 million of stock-based compensation expense representing the incremental fair value of previously vested stock-based compensation awards as of the spin date. In addition, the assets and liabilities of CCP are presented separately from assets and liabilities from continuing operations in the accompanying consolidated balance sheets. The accompanying consolidated statements of cash flows include within operating, investing and financing cash flows those activities which related to our period of ownership of the CCP properties. The following is a summary of the assets and liabilities of CCP at the CCP Spin-Off date: August 17, 2015 (In thousands) Assets Net real estate investments $ 2,588,255 Cash and cash equivalents 1,749 Goodwill 135,446 Assets held for sale 7,610 Other assets 15,089 Total assets 2,748,149 Liabilities Accounts payable and other liabilities 217,760 Liabilities related to assets held for sale 985 Total liabilities 218,745 Net assets $ 2,529,404 Summarized financial information for CCP discontinued operations for the years ended December 31, 2017 , 2016 and 2015 respectively is as follows: 2017 2016 2015 (In thousands) Revenues Rental income $ — $ — $ 196,848 Income from loans and investments — — 2,148 Interest and other income — — 63 — — 199,059 Expenses Interest — — 61,613 Depreciation and amortization — — 79,479 General, administrative and professional fees — — 9 Merger-related expenses and deal costs 110 922 46,402 Other — — 1,332 110 922 188,835 Net (loss) income from discontinued operations (110 ) (922 ) 10,224 Net income attributable to noncontrolling interests — — 120 Net (loss) income from discontinued operations attributable to common stockholders $ (110 ) $ (922 ) $ 10,104 Capital and development project expenditures relating to CCP for the year ended December 31, 2015 were $21.8 million . Other than capital and development project expenditures there were no other significant non-cash operating or investing activities relating to CCP. We and CCP entered into a transition services agreement prior to the CCP Spin-Off pursuant to which we and our subsidiaries provided to CCP, on an interim, transitional basis, various services. The services provided include information technology, accounting and tax services. The overall fee charged by us for such services (the "Service Fee") was $2.5 million for one year. We recognized income of $1.6 million and $0.9 million , for the years ended December 31, 2016 and 2015, respectively, relating to the Service Fee, which was payable in four quarterly installments. The transition services agreement terminated on August 31, 2016 .

Loans Receivable and Investment

Loans Receivable and Investments	12 Months Ended
	Dec. 31, 2017
Loans Receivable And Investments [Abstract]
Loans Receivable and Investments	NOTE 6—LOANS RECEIVABLE AND INVESTMENTS As of December 31, 2017 and 2016 , we had $1.4 billion and $754.6 million , respectively, of net loans receivable and investments relating to seniors housing and healthcare operators or properties. The following is a summary of our loans receivable and investments, net as of December 31, 2017 and 2016 , including amortized cost, fair value and unrealized gains or losses on available-for-sale investments: Carrying Amount Amortized Cost Fair Value Unrealized Gain (In thousands) As of December 31, 2017: Secured/mortgage loans and other $ 1,291,694 $ 1,291,694 $ 1,286,322 $ — Government-sponsored pooled loan investments (1) 54,665 53,863 54,665 802 Total investments reported as Secured loans receivable and investments, net 1,346,359 1,345,557 1,340,987 802 Non-mortgage loans receivable, net 59,857 59,857 58,849 — Total investments reported as Other assets 59,857 59,857 58,849 — Total loans receivable and investments, net $ 1,406,216 $ 1,405,414 $ 1,399,836 $ 802 Carrying Amount Amortized Cost Fair Value Unrealized Gain (In thousands) As of December 31, 2016: Secured/mortgage loans and other $ 646,972 $ 646,972 $ 655,981 $ — Government-sponsored pooled loan investments (1) 55,049 53,810 55,049 1,239 Total investments reported as Secured loans receivable and investments, net 702,021 700,782 711,030 1,239 Non-mortgage loans receivable, net 52,544 52,544 53,626 — Total investments reported as Other assets 52,544 52,544 53,626 — Total loans receivable and investments, net $ 754,565 $ 753,326 $ 764,656 $ 1,239 (1) Investments in government-sponsored pooled loans have contractual maturity dates in 2023. 2017 Activity During the year ended December 31, 2017 , we received aggregate proceeds of $37.6 million for the partial prepayment and $35.5 million for the full repayment of loans receivable, which resulted in total gains of $0.6 million . In March 2017, we provided secured debt financing to a subsidiary of Ardent to facilitate Ardent’s acquisition of LHP Hospital Group, Inc., which included a $700.0 million term loan and a $60.0 million revolving line of credit feature (of which $28.0 million was outstanding at December 31, 2017 ). The LIBOR-based debt financing has a five-year term, a one -year lock out feature and a weighted average interest rate of approximately 9.3% as of December 31, 2017 and is guaranteed by Ardent’s parent company. 2016 Activity During the year ended December 31, 2016 , we received aggregate proceeds of $309.0 million in final repayment of three secured loans receivable and partial repayment of one secured loan receivable and recognized gains of $9.6 million on the repayment of these loans receivable that are recorded in income from loans and investments in our Consolidated Statements of Income for the year ended December 31, 2016 . In February 2016, we made a $140.0 million secured mezzanine loan investment, at par, relating to Class A life sciences properties in California and Massachusetts, that has an annual interest rate of 9.95% and matures in 2021 . In September 2016, we acquired three non-mortgage loans receivable in connection with the Life Sciences Acquisition.

Investments in Unconsolidated E

Investments in Unconsolidated Entities	12 Months Ended
	Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Entities	NOTE 7—INVESTMENTS IN UNCONSOLIDATED ENTITIES We report investments in unconsolidated entities over whose operating and financial policies we have the ability to exercise significant influence under the equity method of accounting. We are not required to consolidate these entities because our joint venture partners have significant participating rights, nor are these entities considered VIEs, as they are controlled by equity holders with sufficient capital. At December 31, 2017 , we had 25% ownership interests in joint ventures that owned 31 properties, excluding properties under development. We account for our interests in real estate joint ventures, as well as our 34% interest in Atria and 9.9% interest in Ardent, which are included within other assets on our Consolidated Balance Sheets, under the equity method of accounting. With the exception of our interests in Atria and Ardent, we provide various services to each unconsolidated entity in exchange for fees and reimbursements. Total management fees earned in connection with these entities were $6.3 million , $6.7 million and $7.8 million for the years ended December 31, 2017 , 2016 and 2015 , respectively (which is included in office building and other services revenue in our Consolidated Statements of Income). In October 2015, we acquired the 95% controlling interests in eight MOBs from a joint venture entity in which we had a 5% interest and that we accounted for as an equity method investment. In connection with this acquisition, we re-measured the fair value of our previously held equity interest and recognized a loss on re-measurement of $0.2 million , which is included in income from unconsolidated entities in our Consolidated Statements of Income. In February 2017, we acquired the controlling interests in six triple-net leased seniors housing communities for a purchase price of $100.0 million . In connection with this acquisition, we re-measured the fair value of our previously held equity interest, resulting in a gain on re-measurement of $3.0 million , which is included in loss from unconsolidated entities in our Consolidated Statements of Income. Since the above acquisitions, operations relating to these properties have been consolidated in our Consolidated Statements of Income.

Intangibles

Intangibles	12 Months Ended
	Dec. 31, 2017
Intangible Assets, Intangible Liabilities, And Goodwill Disclosure [Abstract]
Intangibles	NOTE 8—INTANGIBLES The following is a summary of our intangibles as of December 31, 2017 and 2016 : December 31, 2017 December 31, 2016 Balance Remaining Weighted Average Amortization Period in Years Balance Remaining Weighted Average Amortization Period in Years (Dollars in thousands) Intangible assets: Above market lease intangibles $ 184,775 7.0 $ 184,993 6.9 In-place and other lease intangibles 1,353,220 23.6 1,325,636 23.6 Goodwill 1,034,641 N/A 1,033,225 N/A Other intangibles 35,890 12.3 35,783 11.3 Accumulated amortization (861,452 ) N/A (769,558 ) N/A Net intangible assets $ 1,747,074 21.7 $ 1,810,079 21.5 Intangible liabilities: Below market lease intangibles $ 359,099 13.7 $ 345,103 14.1 Other lease intangibles 40,141 40.8 40,843 38.5 Accumulated amortization (160,965 ) N/A (133,468 ) N/A Purchase option intangibles 3,568 N/A 3,568 N/A Net intangible liabilities $ 241,843 15.6 $ 256,046 15.9 N/A—Not Applicable Above market lease intangibles and in-place and other lease intangibles are included in acquired lease intangibles within real estate investments on our Consolidated Balance Sheets. Other intangibles (including non-compete agreements, trade names and trademarks) are included in other assets on our Consolidated Balance Sheets. Below market lease intangibles, other lease intangibles and purchase option intangibles are included in accounts payable and other liabilities on our Consolidated Balance Sheets. For the years ended December 31, 2017 , 2016 and 2015 , our net amortization related to these intangibles was $67.2 million , $104.5 million and $142.7 million , respectively. The estimated net amortization related to these intangibles for each of the next five years is as follows: Estimated Net Amortization (In thousands) 2018 $ 55,591 2019 46,137 2020 40,085 2021 37,180 2022 30,580 The table below reflects the carrying amount of goodwill, by segment, as of December 31, 2017 : Goodwill (In thousands) Triple-net Leased Properties $ 305,261 Senior Living Operations 259,482 Office Operations 469,898 Total Goodwill $ 1,034,641 The $1.4 million increase in goodwill during the year ended December 31, 2017 is entirely the result of foreign currency translation in our triple-net leased properties reportable business segment.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	NOTE 9—OTHER ASSETS The following is a summary of our other assets as of December 31, 2017 and 2016 : 2017 2016 (In thousands) Straight-line rent receivables, net $ 267,579 $ 244,580 Non-mortgage loans receivable, net 59,857 52,544 Other intangibles, net 6,496 8,190 Investment in unconsolidated operating entities 49,738 28,431 Other 189,275 184,619 Total other assets $ 572,945 $ 518,364

Borrowing Arrangements

Borrowing Arrangements	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Borrowing Arrangements	NOTE 10—SENIOR NOTES PAYABLE AND OTHER DEBT The following is a summary of our senior notes payable and other debt as of December 31, 2017 and 2016 : 2017 2016 (In thousands) Unsecured revolving credit facility (1) $ 535,832 $ 146,538 Secured revolving construction credit facility due 2022 2,868 — 1.250% Senior Notes due 2017 — 300,000 2.00% Senior Notes due 2018 700,000 700,000 Unsecured term loan due 2018 (2) — 200,000 Unsecured term loan due 2019 (2) — 371,215 4.00% Senior Notes due 2019 600,000 600,000 3.00% Senior Notes, Series A due 2019 (3) 318,041 297,841 2.700% Senior Notes due 2020 500,000 500,000 Unsecured term loan due 2020 900,000 900,000 4.750% Senior Notes due 2021 700,000 700,000 4.25% Senior Notes due 2022 600,000 600,000 3.25% Senior Notes due 2022 500,000 500,000 3.300% Senior Notes, Series C due 2022 (3) 198,776 186,150 3.125% Senior Notes due 2023 400,000 400,000 3.100% Senior Notes due 2023 400,000 — 2.55% Senior Notes, Series D due 2023 (3) 218,653 — 3.750% Senior Notes due 2024 400,000 400,000 4.125% Senior Notes, Series B due 2024 (3) 198,776 186,150 3.500% Senior Notes due 2025 600,000 600,000 4.125% Senior Notes due 2026 500,000 500,000 3.25% Senior Notes due 2026 450,000 450,000 3.850% Senior Notes due 2027 400,000 — 6.90% Senior Notes due 2037 52,400 52,400 6.59% Senior Notes due 2038 22,973 22,973 5.45% Senior Notes due 2043 258,750 258,750 5.70% Senior Notes due 2043 300,000 300,000 4.375% Senior Notes due 2045 300,000 300,000 Mortgage loans and other 1,308,564 1,718,897 Total 11,365,633 11,190,914 Deferred financing costs, net (73,093 ) (61,304 ) Unamortized fair value adjustment 12,139 25,224 Unamortized discounts (28,617 ) (27,508 ) Senior notes payable and other debt $ 11,276,062 $ 11,127,326 (1) As of December 31, 2017 and 2016 , respectively, $28.7 million and $146.5 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $31.1 million were denominated in British pounds as of December 31, 2017 . There were no aggregate borrowings denominated in British pounds as of December 31, 2016 . (2) As of December 31, 2016 , there was $571.2 million of unsecured term loan borrowings under our unsecured credit facility, of which $92.6 million was in the form of Canadian dollars. In August 2017, we repaid the balances then outstanding on the term loans. (3) These borrowings are in the form of Canadian dollars. Credit Facilities and Unsecured Term Loans In April 2017, we entered into an unsecured credit facility comprised of a $3.0 billion unsecured revolving credit facility, priced at LIBOR plus 0.875% , that replaced our previous $2.0 billion unsecured revolving credit facility priced at LIBOR plus 1.0% . The new unsecured credit facility was also comprised of our $200.0 million term loan that was scheduled to mature in 2018 and our $278.6 million term loan that was scheduled to mature in 2019. The 2018 and 2019 term loans were priced at LIBOR plus 1.05% . In August 2017, we used most of the proceeds from the sale of 22 SNFs to repay the balances then outstanding on the 2018 and 2019 term loans, and recognized a loss on extinguishment of debt of $0.5 million . See " NOTE 5—DISPOSITIONS ”. The unsecured revolving credit facility matures in 2021, but may be extended at our option subject to the satisfaction of certain conditions for two additional periods of six months each. The unsecured revolving credit facility also includes an accordion feature that permits us to increase our aggregate borrowing capacity thereunder to up to $3.75 billion . Our unsecured credit facility imposes certain customary restrictions on us, including restrictions pertaining to: (i) liens; (ii) investments; (iii) the incurrence of additional indebtedness; (iv) mergers and dissolutions; (v) certain dividend, distribution and other payments; (vi) permitted businesses; (vii) transactions with affiliates; (viii) agreements limiting certain liens; and (ix) the maintenance of certain consolidated total leverage, secured debt leverage, unsecured debt leverage and fixed charge coverage ratios and minimum consolidated adjusted net worth, and contains customary events of default. As of December 31, 2017 , we had $535.8 million of borrowings outstanding, $14.5 million of letters of credit outstanding and $2.4 billion of unused borrowing capacity available under our unsecured revolving credit facility. As of December 31, 2017 , we also had a $900.0 million term loan due 2020 priced at LIBOR plus 0.975% . In September 2017, we entered into a new $400.0 million secured revolving construction credit facility which matures in 2022 and will be primarily used to finance life science and innovation center and other construction projects. As of December 31, 2017 , there were $2.9 million of borrowings outstanding under the secured revolving construction credit facility. Senior Notes As of December 31, 2017 , we had outstanding $7.6 billion aggregate principal amount of senior notes issued by our subsidiary, Ventas Realty, Limited Partnership (“Ventas Realty”) ( $3.9 billion of which was co-issued by Ventas Realty’s wholly owned subsidiary, Ventas Capital Corporation), approximately $75.4 million aggregate principal amount of senior notes issued by Nationwide Health Properties, Inc. (“NHP”) and assumed by our subsidiary, Nationwide Health Properties, LLC (“NHP LLC”), as successor to NHP, in connection with our acquisition of NHP, and C$1.2 billion aggregate principal amount of senior notes issued by our subsidiary, Ventas Canada Finance Limited. All of the senior notes issued by Ventas Realty and Ventas Canada Finance Limited are unconditionally guaranteed by Ventas, Inc. In May 2016, Ventas Realty issued and sold $400.0 million aggregate principal amount of 3.125% senior notes due 2023 at a public offering price equal to 99.343% of par, for total proceeds of $397.4 million before the underwriting discount and expenses. In June 2016, we redeemed $455.5 million aggregate principal amount then outstanding of our 1.55% senior notes due September 2016 at a public offering price of 100.335% of par, plus accrued and unpaid interest to the redemption date, and recognized a loss on extinguishment of debt of $2.1 million . The redemption was funded using proceeds from our May 2016 senior note issuance, cash on hand and borrowings under our unsecured revolving credit facility. In July 2016, we repaid the remaining balance then outstanding of our 1.55% senior notes due September 2016 of $94.5 million and recognized a loss on extinguishment of debt of $0.3 million . In September 2016, Ventas Realty issued and sold $450.0 million aggregate principal amount of 3.25% senior notes due 2026 at a public offering price equal to 99.811% of par, for total proceeds of $449.1 million before the underwriting discount and expenses. In March 2017, Ventas Realty issued and sold $400.0 million aggregate principal amount of 3.100% senior notes due 2023 at a public offering price equal to 99.280% of par, for total proceeds of $397.1 million before the underwriting discount and expenses, and $400.0 million aggregate principal amount of 3.850% senior notes due 2027 at a public offering price equal to 99.196% of par, for total proceeds of $396.8 million before the underwriting discount and expenses. In April 2017, we repaid in full, at par, $300.0 million aggregate principal amount then outstanding of our 1.250% senior notes due 2017 upon maturity. In June 2017, Ventas Canada Finance Limited issued and sold C$275.0 million aggregate principal amount of 2.55% senior notes, Series D due 2023 at a price equal to 99.954% of par, for total proceeds of C$274.9 million before the agent fees and expenses. The notes were offered on a private placement basis in Canada. We used part of the proceeds to repay C$124.4 million on our unsecured term loan due 2019. Ventas Realty’s senior notes are part of our and Ventas Realty’s general unsecured obligations, ranking equal in right of payment with all of our and Ventas Realty’s existing and future senior obligations and ranking senior in right of payment to all of our and Ventas Realty’s existing and future subordinated indebtedness. However, Ventas Realty’s senior notes are effectively subordinated to our and Ventas Realty’s secured indebtedness, if any, to the extent of the value of the assets securing that indebtedness. Ventas Realty’s senior notes are also structurally subordinated to the preferred equity and indebtedness, whether secured or unsecured, of our subsidiaries (other than Ventas Realty and, with respect to those senior notes co-issued by Ventas Capital Corporation, Ventas Capital Corporation). Ventas Canada Finance Limited’s senior notes are part of our and Ventas Canada Finance Limited’s general unsecured obligations, ranking equal in right of payment with all of Ventas Canada Finance Limited’s existing and future subordinated indebtedness. However, Ventas Canada Finance Limited’s senior notes are effectively subordinated to our and Ventas Canada Finance Limited’s secured indebtedness, if any, to the extent of the value of the assets securing that indebtedness. Ventas Canada Finance Limited’s senior notes are also structurally subordinated to the preferred equity and indebtedness, whether secured or unsecured, of our subsidiaries (other than Ventas Canada Finance Limited). NHP LLC’s senior notes are part of NHP LLC’s general unsecured obligations, ranking equal in right of payment with all of NHP LLC’s existing and future senior obligations and ranking senior to all of NHP LLC’s existing and future subordinated indebtedness. However, NHP LLC’s senior notes are effectively subordinated to NHP LLC’s secured indebtedness, if any, to the extent of the value of the assets securing that indebtedness. NHP LLC’s senior notes are also structurally subordinated to the preferred equity and indebtedness, whether secured or unsecured, of its subsidiaries. Ventas Realty, Ventas Canada Finance Limited and NHP LLC may redeem each series of their respective senior notes (other than NHP LLC’s 6.90% senior notes due 2037 and 6.59% senior notes due 2038), in whole at any time or in part from time to time, prior to maturity at the redemption prices set forth in the applicable indenture (which include, in many instances, a make-whole premium), plus, in each case, accrued and unpaid interest thereon to the redemption date. NHP LLC’s 6.90% senior notes due 2037 are subject to repurchase at the option of the holders, at par, on October 1, 2027, and its 6.59% senior notes due 2038 are subject to repurchase at the option of the holders, at par, on July 7 in each of 2018, 2023 and 2028. Mortgages At December 31, 2017 , we had 88 mortgage loans outstanding in the aggregate principal amount of $1.3 billion and secured by 88 of our properties. Of these loans, 77 loans in the aggregate principal amount of $1.0 billion bear interest at fixed rates ranging from 3.0% to 8.6% per annum, and 11 loans in the aggregate principal amount of $298.0 million bear interest at variable rates ranging from 1.1% to 4.6% per annum as of December 31, 2017 . At December 31, 2017 , the weighted average annual rate on our fixed rate mortgage loans was 5.2% , and the weighted average annual rate on our variable rate mortgage loans was 2.9% . Our mortgage loans had a weighted average maturity of 5.5 years as of December 31, 2017 . During the years ended December 31, 2017 , 2016 and 2015, we repaid in full mortgage loans in the aggregate principal amount of $411.4 million , $337.8 million and $461.9 million , respectively. Scheduled Maturities of Borrowing Arrangements and Other Provisions As of December 31, 2017 , our indebtedness had the following maturities: Principal Amount Due at Maturity Unsecured Revolving Credit Facility (1) Scheduled Periodic Amortization Total Maturities (In thousands) 2018 $ 785,871 $ — $ 21,576 $ 807,447 2019 1,330,572 — 15,759 1,346,331 2020 1,451,587 — 12,910 1,464,497 2021 772,838 535,832 11,505 1,320,175 2022 1,419,392 — 9,878 1,429,270 Thereafter (2) 4,910,954 — 86,959 4,997,913 Total maturities $ 10,671,214 $ 535,832 $ 158,587 $ 11,365,633 (1) At December 31, 2017 , we had $81.4 million of unrestricted cash and cash equivalents, for $454.5 million of net borrowings outstanding under our unsecured revolving credit facility. (2) Includes $52.4 million aggregate principal amount of 6.90% senior notes due 2037 that is subject to repurchase, at the option of the holders, on October 1, 2027, and $23.0 million aggregate principal amount of 6.59% senior notes due 2038 that is subject to repurchase, at the option of the holders, on July 7 in each of 2018, 2023 and 2028. The instruments governing our outstanding indebtedness contain covenants that limit our ability and the ability of certain of our subsidiaries to, among other things: (i) incur debt; (ii) make certain dividends, distributions and investments; (iii) enter into certain transactions; and/or (iv) merge, consolidate or sell certain assets. Ventas Realty’s and Ventas Canada Finance Limited’s senior notes also require us and our subsidiaries to maintain total unencumbered assets of at least 150% of our unsecured debt. Our credit facilities also require us to maintain certain financial covenants pertaining to, among other things, our consolidated total leverage, secured debt, unsecured debt, fixed charge coverage and net worth. As of December 31, 2017 , we were in compliance with all of these covenants. Derivatives and Hedging In the normal course of our business, interest rate fluctuations affect future cash flows under our variable rate debt obligations, loans receivable and marketable debt securities and foreign currency exchange rate fluctuations affect our operating results. We follow established risk management policies and procedures, including the use of derivative instruments, to mitigate the impact of these risks. For interest rate exposures, we use derivatives primarily to fix the rate on our variable rate debt and to manage our borrowing costs. We do not use derivative instruments for trading or speculative purposes, and we have a policy of entering into contracts only with major financial institutions based upon their credit ratings and other factors. When considered together with the underlying exposure that the derivative is designed to hedge, we do not expect that the use of derivatives in this manner would have any material adverse effect on our future financial condition or results of operations. As of December 31, 2017 , our variable rate debt obligations of $1.9 billion reflect, in part, the effect of $549.9 million notional amount of interest rate swaps with maturities ranging from March 2018 to January 2023 that effectively convert fixed rate debt to variable rate debt. As of December 31, 2017 , our fixed rate debt obligations of $9.4 billion reflect, in part, the effect of $250.9 million notional amount of interest rate swaps with maturities ranging from October 2018 to September 2027, in each case that effectively convert variable rate debt to fixed rate debt. In February 2016, we entered into a $200 million notional amount interest rate swap with a maturity of August 3, 2020 that effectively converts LIBOR-based floating rate debt to fixed rate debt, setting LIBOR at 1.132% through the maturity date of the swap. In July 2016, we entered into $225 million notional forward starting swaps that reduced our exposure to fluctuations in interest rates between July and the September issuance of 3.25% senior notes due 2026. On the issuance date, we realized a gain of $1.9 million from these swaps that is being recognized over the life of the notes using an effective interest method. In January and February 2017, we entered into a total of $275 million of notional forward starting swaps with an effective date of April 3, 2017 that reduced our exposure to fluctuations in interest rates related to changes in rates between the trade dates of the swaps and the forecasted issuance of long-term debt. The rate on the notional amounts was locked at a weighted average rate of 2.33% . In March 2017, these swaps were terminated in conjunction with the issuance of the 3.850% senior notes due 2027, which resulted in a $0.8 million gain that is being recognized over the life of the notes using the effective interest method. In March 2017, we entered into interest rate swaps totaling a notional amount of $400 million with a maturity of January 15, 2023, effectively converting fixed rate debt to three month LIBOR-based floating rate debt. As a result, we will receive a fixed rate on the swap of 3.10% and will pay a floating rate equal to three month LIBOR plus a weighted average swap spread of 0.98% . In June 2017, we entered into a total of $125 million of notional forward starting swaps with an effective date of January 15, 2018 and a maturity of January 15, 2028, that reduced our exposure to fluctuations in interest rates related to changes in rates between the trade dates of the swaps and the forecasted issuance of long-term debt. The rate on the notional amounts was locked at a weighted average rate of 2.1832% . In December 2017, we entered into a total of $75 million of notional forward starting swaps with an effective date of February 15, 2018 and a maturity of February 15, 2028, that reduced our exposure to fluctuations in interest rates related to changes in rates between the trade dates of the swaps and the forecasted issuance of long-term debt. The rate on the notional amounts was locked at a weighted average rate of 2.3705% . Unamortized Fair Value Adjustment As of December 31, 2017 , the unamortized fair value adjustment related to the long-term debt we assumed in connection with various acquisitions was $12.1 million and will be recognized as effective yield adjustments over the remaining terms of the instruments. The estimated aggregate amortization of the fair value adjustment related to long-term debt, which is reflected as a reduction of interest expense, was $5.8 million for the year ended December 31, 2017 . For each of the next five years the estimated aggregate amortization of the fair value adjustment will be as follows: Estimated Aggregate Amortization (In thousands) 2018 $ 2,821 2019 2,105 2020 1,664 2021 1,058 2022 646

Fair Values of Financial Instru

Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Values of Financial Instruments	NOTE 11—FAIR VALUES OF FINANCIAL INSTRUMENTS As of December 31, 2017 and 2016 , the carrying amounts and fair values of our financial instruments were as follows: 2017 2016 Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Assets: Cash and cash equivalents $ 81,355 $ 81,355 $ 286,707 $ 286,707 Secured mortgage loans and other, net 1,291,694 1,286,322 646,972 655,981 Non-mortgage loans receivable, net 59,857 58,849 52,544 53,626 Government-sponsored pooled loan investments 54,665 54,665 55,049 55,049 Derivative instruments 7,248 7,248 3,302 3,302 Liabilities: Senior notes payable and other debt, gross 11,365,633 11,600,750 11,190,914 11,369,440 Derivative instruments 5,435 5,435 2,316 2,316 Redeemable OP Unitholder Interests 146,252 146,252 177,177 177,177 For a discussion of the assumptions considered, refer to “ NOTE 2—ACCOUNTING POLICIES .” The use of different market assumptions and estimation methodologies may have a material effect on the reported estimated fair value amounts. Accordingly, the estimates presented above are not necessarily indicative of the amounts we would realize in a current market exchange.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	NOTE 12—STOCK- BASED COMPENSATION Compensation Plans We currently have: four plans under which outstanding options to purchase common stock, shares of restricted stock or restricted stock units have been, or may in the future be, granted to our officers, employees and non-employee directors (the 2000 Incentive Compensation Plan (Employee Plan), the 2006 Incentive Plan, the 2006 Stock Plan for Directors, and the 2012 Incentive Plan); one plan under which executive officers may receive common stock in lieu of compensation (the Executive Deferred Stock Compensation Plan); and one plan under which certain non-employee directors have received or may receive common stock in lieu of director fees (the Nonemployee Directors’ Deferred Stock Compensation Plan). These plans are referred to collectively as the “Plans.” During the year ended December 31, 2017 , we were permitted to issue shares and grant options, restricted stock and restricted stock units only under the Executive Deferred Stock Compensation Plan, the Nonemployee Directors’ Deferred Stock Compensation Plan and the 2012 Incentive Plan. The 2006 Incentive Plan and the 2006 Stock Plan for Directors (collectively, the “2006 Plans”) expired on December 31, 2012, and no additional grants were permitted under those Plans after that date. The number of shares initially reserved for issuance and the number of shares available for future grants or issuance under these Plans as of December 31, 2017 were as follows: • Executive Deferred Stock Compensation Plan— 0.6 million shares were reserved initially for issuance to our executive officers in lieu of the payment of all or a portion of their salary, at their option, and 0.6 million shares were available for future issuance as of December 31, 2017 . • Nonemployee Directors’ Deferred Stock Compensation Plan— 0.6 million shares were reserved initially for issuance to nonemployee directors in lieu of the payment of all or a portion of their retainer and meeting fees, at their option, and 0.5 million shares were available for future issuance as of December 31, 2017 . • 2012 Incentive Plan— 10.5 million shares (plus the number of shares or options outstanding under the 2006 Plans as of December 31, 2012 that were or are subsequently forfeited or expire unexercised) were reserved initially for grants or issuance to employees and non-employee directors, and 4.1 million shares (plus the number of shares or options outstanding under the 2006 Plans as of December 31, 2017 that were or are subsequently forfeited or expire unexercised) were available for future issuance as of December 31, 2017 . Outstanding options issued under the Plans are exercisable at the market price on the date of grant, expire ten years from the date of grant, and vest or have vested over periods of two or three years. If provided in the applicable Plan or award agreement, the vesting of stock options may accelerate upon a change of control (as defined in the applicable Plan) of Ventas, Inc. and other specified events. On January 18, 2017, the Executive Compensation Committee (the “Compensation Committee”) of our Board of Directors approved a 2017 long-term incentive compensation program for our named executive officers (the “2017 LTIP”) pursuant to the 2012 Incentive Plan. Several changes were made covering 2017, including: (1) in prior years, long-term incentive compensation awards were granted following and based on the satisfaction of specified performance goals (i.e., “retrospective”), and in 2017, performance-based awards made pursuant to the 2017 LTIP generally will be earned at a higher or lower level based on future performance (i.e., “prospective”); and (2) certain transition awards and modified vesting provisions apply. Under the 2017 LTIP, the aggregate target award value for each named executive officer is allocated such that 60% of the value is performance-based, in the form of performance-based restricted stock units, and 40% of the value is in the form of time-based restricted stock units. The Compensation Committee eliminated qualitative or discretionary goals from the 2017 LTIP, which previously comprised 50% of the award opportunity. Stock Options In determining the estimated fair value of our stock options as of the date of grant, we used the Black-Scholes option pricing model with the following assumptions: 2017 2016 2015 Risk-free interest rate 1.69-1.87% 0.93-1.27% 1.02 - 1.38% Dividend yield 6.00 % 5.50 % 5.00 % Volatility factors of the expected market price for our common stock 21.5-21.6% 19.1-20.6% 19.0 - 20.0% Weighted average expected life of options 4.0 years 4.0 years 4.0 years The following is a summary of stock option activity in 2017 : Shares (000’s) Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Intrinsic Value ($000’s) Outstanding as of December 31, 2016 3,805 $ 56.05 Options granted 1,626 61.93 Options exercised (349 ) 46.70 Options forfeited (57 ) 58.87 Outstanding as of December 31, 2017 5,025 58.57 7.2 $ 19,522 Exercisable as of December 31, 2017 3,407 $ 57.01 6.5 $ 18,602 Compensation costs for all share-based awards are based on the grant date fair value and are recognized on a straight-line basis during the requisite service periods, with charges recorded in general and administrative expenses. Compensation costs related to stock options for the years ended December 31, 2017 , 2016 and 2015 were $4.8 million , $6.2 million and $4.2 million , respectively. As of December 31, 2017 , we had $2.9 million of total unrecognized compensation cost related to non-vested stock options granted under the Plans. We expect to recognize that cost over a weighted average period of 1.20 years. The weighted average grant date fair value per share of options issued during the years ended December 31, 2017 , 2016 and 2015 was $5.23 , $4.73 and $5.89 , respectively. Aggregate proceeds received from options exercised under the Plans for the years ended December 31, 2017 , 2016 and 2015 were $16.3 million , $20.4 million and $6.4 million , respectively. The total intrinsic value at exercise of options exercised during the years ended December 31, 2017 , 2016 and 2015 was $7.0 million , $8.0 million and $4.7 million , respectively. There was no deferred income tax benefit for stock options exercised. Restricted Stock and Restricted Stock Units We recognize the fair value of shares of restricted stock and restricted stock units on the grant date of the award as stock-based compensation expense over the requisite service period, with charges to general and administrative expenses of $21.7 million , $14.7 million and $15.2 million in 2017 , 2016 and 2015 , respectively. Restricted stock and restricted stock units generally vest over periods ranging from two to five years. If provided in the applicable Plan or award agreement, the vesting of restricted stock and restricted stock units may accelerate upon a change of control (as defined in the applicable Plan) of Ventas and other specified events. A summary of the status of our non-vested restricted stock and restricted stock units as of December 31, 2017 , and changes during the year ended December 31, 2017 follows: Restricted Stock (000’s) Weighted Average Grant Date Fair Value Restricted Stock Units (000’s) Weighted Average Grant Date Fair Value Nonvested at December 31, 2016 312 $ 57.29 15 $ 58.70 Granted 283 59.99 409 62.07 Vested (258 ) 58.82 (10 ) 59.59 Forfeited (18 ) 58.95 — — Nonvested at December 31, 2017 319 $ 58.36 414 $ 62.01 As of December 31, 2017 , we had $22.5 million of unrecognized compensation cost related to non-vested restricted stock and restricted stock units under the Plans. We expect to recognize that cost over a weighted average period of 1.54 years. The total fair value at the vesting date for restricted stock and restricted stock units that vested during the years ended December 31, 2017 , 2016 and 2015 was $16.6 million , $13.9 million and $18.3 million , respectively. Employee and Director Stock Purchase Plan We have in effect an Employee and Director Stock Purchase Plan (“ESPP”) under which our employees and directors may purchase shares of our common stock at a discount. Pursuant to the terms of the ESPP, on each purchase date, participants may purchase shares of common stock at a price not less than 90% of the market price on that date (with respect to the employee tax-favored portion of the plan) and not less than 95% of the market price on that date (with respect to the additional employee and director portion of the plan). We initially reserved 3.0 million shares for issuance under the ESPP. As of December 31, 2017 , 0.1 million shares had been purchased under the ESPP and 2.9 million shares were available for future issuance. Employee Benefit Plan We maintain a 401(k) plan that allows eligible employees to defer compensation subject to certain limitations imposed by the Code. In 2017 , we made contributions for each qualifying employee of up to 3.5% of his or her salary, subject to certain limitations. During 2017 , 2016 and 2015 , our aggregate contributions were approximately $1.4 million , $1.3 million and $1.2 million , respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 13—INCOME TAXES We have elected to be taxed as a REIT under the applicable provisions of the Code for every year beginning with the year ended December 31, 1999. We have also elected for certain of our subsidiaries to be treated as TRS entities, which are subject to federal, state and foreign income taxes. All entities other than the TRS entities are collectively referred to as the “REIT” within this Note. Certain REIT entities are subject to foreign income tax. Although we intend to continue to operate in a manner that will enable us to qualify as a REIT, such qualification depends upon our ability to meet, on a continuing basis, various distribution, stock ownership and other tests. During the years ended December 31, 2017 , 2016 and 2015 , our tax treatment of distributions per common share was as follows: 2017 2016 2015 Tax treatment of distributions: Ordinary income $ 1.02814 $ 2.68216 $ 3.02368 Qualified ordinary income 0.00337 0.05794 0.01632 Long-term capital gain 1.07836 0.11613 — Unrecaptured Section 1250 gain 0.21513 0.10877 — Distribution reported for 1099-DIV purposes $ 2.32500 $ 2.96500 $ 3.04000 Add: Dividend declared in current year and taxable in following year 0.79000 — — Distribution declared per common share outstanding $ 3.11500 $ 2.96500 $ 3.04000 We believe we have met the annual REIT distribution requirement by payment of at least 90% of our estimated taxable income for 2017 , 2016 and 2015 . Our consolidated benefit for income taxes for the years ended December 31, 2017 , 2016 and 2015 was as follows: 2017 2016 2015 (In thousands) Current - Federal $ (5,672 ) $ (2,991 ) $ 138 Current - State 1,119 1,241 1,453 Deferred - Federal (54,396 ) (19,539 ) (25,962 ) Deferred - State 3,237 (3,634 ) (3,054 ) Current - Foreign 2,307 1,067 953 Deferred - Foreign (6,394 ) (7,487 ) (12,812 ) Total $ (59,799 ) $ (31,343 ) $ (39,284 ) The 2017 income tax benefit is primarily due to accounting for the Tax Cuts and Jobs Act of 2017 (the “2017 Tax Act”), specifically a $64.5 million benefit from the reduced U.S. federal corporate tax rate on net deferred tax liabilities and an offsetting expense of $23.3 million to establish a valuation allowance on deferred interest carryforwards, losses of certain TRS entities and the release of a tax reserve. The 2016 income tax benefit was due primarily to losses of certain TRS entities, the reversal of a net deferred tax liability at one TRS and the release of a tax reserve. Although the TRS entities have paid minimal cash federal income taxes for the year ended December 31, 2017 , their federal income tax liabilities may increase in future years as we exhaust net operating loss (“NOL”) carryforwards and as our senior living and other business segments grow. Such increases could be significant. A reconciliation of income tax expense and benefit, which is computed by applying the federal corporate tax rate for the years ended December 31, 2017 , 2016 and 2015 , to the income tax benefit is as follows: 2017 2016 2015 (In thousands) Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes $ 204,742 $ 181,478 $ 123,086 State income taxes, net of federal benefit (1,115 ) (1,022 ) (657 ) Increase in valuation allowance from ordinary operations 8,237 3,921 20,978 Decrease in ASC 740 income tax liability (4,750 ) (3,582 ) (462 ) Tax at statutory rate on earnings not subject to federal income taxes (231,379 ) (209,204 ) (185,648 ) Foreign rate differential and foreign taxes 6,407 2,094 3,095 Change in tax status of TRS (690 ) (5,629 ) — Effect of the 2017 Tax Act (41,212 ) — — Other differences (39 ) 601 324 Income tax benefit $ (59,799 ) $ (31,343 ) $ (39,284 ) Tax Cuts and Jobs Act of 2017 On December 22, 2017, the 2017 Tax Act was signed into law making significant changes to the Internal Revenue Code. The changes to existing U.S. tax laws as a result of the 2017 Tax Act, which we believe have the most significant impact on the Company’s federal income taxes are as follows: The 2017 Tax Act reduces the corporate tax rate to 21% , effective January 1, 2018. Consequently, the Company’s deferred tax assets and liabilities were remeasured to reflect the reduction in the U.S. corporate income tax rate. We have recorded a decrease related to TRS net deferred tax liabilities of $19.9 million and a decrease to the associated valuation allowances of $44.6 million , with a corresponding net adjustment to deferred income tax benefit of $64.5 million for the year ended December 31, 2017 . The 2017 Tax Act amended the interest expense limitation rules applicable to business entities. An election is available under the 2017 Tax Act to be excluded from the new interest limitation provision for “real property trade or businesses.” We have made a reasonable estimate that the new interest limitation rules may disallow the deferred interest carried forward under the rules prior to the 2017 Tax Act. Consequently, we have recorded a provisional adjustment of $23.3 million for the entire deferred tax asset related to the existing deferred interest carryforward. We will recognize any changes to provisional amounts as we continue to analyze the existing statute or as additional guidance becomes available. We expect to complete our analysis of the provisional amounts by the end of 2018. The 2017 Tax Act requires a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017 . The Company believes that no such tax will be due as there are no accumulated foreign earnings applicable to the mandatory deemed repatriation. We did not identify items for which the income tax effects of the 2017 Tax Act have not been completed and a reasonable estimate could not be determined as of December 31, 2017 . Our analysis of the 2017 Tax Act may be impacted by new legislation, the Congressional Joint Committee Staff, Treasury, or other guidance. Based on the 2017 Tax Act as enacted, we do not believe there will be further material impacts to the financial statements related to the other 2017 Tax Act provisions but cannot assure you as to the outcome of this matter. Each TRS is a tax paying component for purposes of classifying deferred tax assets and liabilities. The tax effects of temporary differences and carryforwards included in the net deferred tax liabilities at December 31, 2017 , 2016 and 2015 are summarized as follows: 2017 2016 2015 (In thousands) Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs $ (300,395 ) $ (409,803 ) $ (413,566 ) Operating loss and interest deduction carryforwards 146,732 195,415 180,575 Expense accruals and other 12,890 18,185 14,624 Valuation allowance (109,319 ) (120,438 ) (120,015 ) Net deferred tax liabilities $ (250,092 ) $ (316,641 ) $ (338,382 ) We established beginning net deferred tax assets and liabilities related to temporary differences between the financial reporting and the tax bases of assets acquired and liabilities assumed (primarily property, intangible and related assets, net of NOL carryforwards), for the years ended December 31, 2017, 2016, and 2015, in connection with the following acquisitions: 2017 2016 2015 (In thousands) 2015 HCT acquisition $ — $ — $ (32,336 ) 2015 UK acquisition — — (18,569 ) 2016 Life Sciences Acquisition 19,262 (9,446 ) — 2017 miscellaneous acquisitions (4,510 ) — — Established beginning deferred tax assets or liabilities $ 14,752 $ (9,446 ) $ (50,905 ) Our net deferred tax liability decreased $66.5 million during 2017 primarily due to accounting for the 2017 Tax Act, specifically a $64.5 million benefit from the reduced U.S. federal corporate tax rate on net deferred tax liabilities and an offsetting expense of $23.3 million to establish a provisional adjustment on deferred interest carryforwards, the impact of TRS operating losses, currency translation adjustments, and purchase accounting adjustments. Our net deferred tax liability decreased $21.7 million during 2016 primarily due to the reversal of a net deferred tax liability at one TRS and the impact of TRS operating losses and currency translation adjustments, offset by $9.4 million of recorded deferred tax liability as a result of the Life Sciences Acquisition. Due to uncertainty regarding the realization of certain deferred tax assets, we have established valuation allowances, primarily in connection with the NOL carryforwards related to certain TRSs. The amounts related to NOLs at the TRS entities for 2017 , 2016 , and 2015 are $67.1 million , $84.7 million and $85.5 million , respectively. A rollforward of valuation allowances, for the years ended December 31, 2017 , 2016 and 2015 , is as follows: 2017 2016 2015 (In thousands) Beginning Balance $ 120,438 $ 120,015 $ 97,550 Additions: Purchase accounting — — 1,002 Expenses (1) 9,277 6,589 21,375 Subtractions: Deductions (1) (1,040 ) (2,668 ) (397 ) Effect of the 2017 Tax Act (21,321 ) — — State income tax, net of federal impact 956 536 529 Other activity (not resulting in expense or deduction) 1,009 (4,034 ) (44 ) Ending balance $ 109,319 $ 120,438 $ 120,015 (1) Generally, Expenses and Deductions are increases and decreases, respectively, in TRS valuation allowances, the latter being through utilization or release. The net amount equals the increase in valuation allowance on the reconciliation of income tax expense and benefit schedule above. We are subject to corporate level taxes (“built-in gains tax”) for any asset dispositions during the five -year period immediately after the assets were owned by a C corporation (either prior to our REIT election, through stock acquisition or merger). The amount of income potentially subject to built-in gains tax is generally equal to the lesser of the excess of the fair value of the asset over its adjusted tax basis as of the date it became a REIT asset or the actual amount of gain. Some, but not all, future gains could be offset by available NOL carryforwards. At December 31, 2017 , 2016 and 2015 , the REIT had NOL carryforwards of $625.8 million , $1.1 billion and $1.1 billion , respectively. Additionally, the REIT has $14.4 million of federal income tax credits that were carried over from acquisitions. These amounts can be used to offset future taxable income (and/or taxable income for prior years if an audit determines that tax is owed), if any. The REIT will be entitled to utilize NOLs and tax credit carryforwards only to the extent that REIT taxable income exceeds our deduction for dividends paid. Certain NOL and credit carryforwards are limited as to their utilization by Section 382 of the Code. The remaining REIT carryforwards begin to expire in 2024. For the years ended December 31, 2017 and 2016 , the net difference between tax bases and the reported amount of REIT assets and liabilities for federal income tax purposes was approximately $4.1 billion and $4.4 billion , respectively, less than the book bases of those assets and liabilities for financial reporting purposes. Generally, we are subject to audit under the statute of limitations by the Internal Revenue Service (“IRS”) for the year ended December 31, 2014 and subsequent years and are subject to audit by state taxing authorities for the year ended December 31, 2013 and subsequent years. We are subject to audit generally under the statutes of limitation by the Canada Revenue Agency and provincial authorities with respect to the Canadian entities for the year ended December 31, 2013 and subsequent years. We are also subject to audit in Canada for periods subsequent to the acquisition, and certain prior periods, with respect to entities acquired in 2014 from Holiday Retirement. We are subject to audit in the United Kingdom generally for the periods ended in and subsequent to 2016. The following table summarizes the activity related to our unrecognized tax benefits: 2017 2016 (In thousands) Balance as of January 1 $ 20,950 $ 24,135 Additions to tax positions related to prior years 648 222 Subtractions to tax positions related to prior years (497 ) — Subtractions to tax positions as a result of the lapse of the statute of limitations (4,336 ) (3,407 ) Balance as of December 31 $ 16,765 $ 20,950 Included in these unrecognized tax benefits of $16.8 million and $21.0 million at December 31, 2017 and 2016 , respectively, were $15.0 million and $19.3 million of tax benefits at December 31, 2017 and 2016 , respectively, that, if recognized, would reduce our annual effective tax rate. We accrued interest of $0.2 million related to the unrecognized tax benefits during 2017 , but no penalties. We expect our unrecognized tax benefits to decrease by $2.6 million during 2018 , as a result of the lapse of the statute of limitations. As a part of the transfer pricing structure in the normal course of business, the REIT enters into transactions with certain TRSs, such as leasing transactions, other capital financing and allocation of general and administrative costs, which transactions are intended to comply with Internal Revenue Service and foreign tax authority transfer pricing rules.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 14—COMMITMENTS AND CONTINGENCIES Proceedings against Tenants, Operators and Managers From time to time, Atria, Sunrise, Brookdale Senior Living, Ardent, Kindred and our other tenants, operators and managers are parties to certain legal actions, regulatory investigations and claims arising in the conduct of their business and operations. Even though we generally are not party to these proceedings, the unfavorable resolution of any such actions, investigations or claims could, individually or in the aggregate, materially adversely affect such tenants’, operators’ or managers’ liquidity, financial condition or results of operations and their ability to satisfy their respective obligations to us, which, in turn, could have a Material Adverse Effect on us. 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. The tenants of our triple-net leased properties and, in some cases, their affiliates are required by the terms of their leases and other agreements with us to indemnify, defend and hold us harmless against certain actions, investigations and claims arising in the course of their business and related to the operations of our triple-net leased properties. In addition, third parties from whom we acquired certain of our assets and, in some cases, their affiliates are required by the terms of the related conveyance documents to indemnify, defend and hold us harmless against certain actions, investigations and claims related to the acquired assets and arising prior to our ownership or related to excluded assets and liabilities. In some cases, a portion of the purchase price consideration is held in escrow for a specified period of time as collateral for these indemnification obligations. We are presently being defended by certain tenants and other obligated third parties in these types of matters. We cannot assure you that our tenants, their affiliates or other obligated third parties will continue to defend us in these matters, that our tenants, their affiliates or other obligated third parties will have sufficient assets, income and access to financing to enable them to satisfy their defense and indemnification obligations to us or that any purchase price consideration held in escrow will be sufficient to satisfy claims for which we are entitled to indemnification. The unfavorable resolution of any such actions, investigations or claims could, individually or in the aggregate, materially adversely affect our tenants’ or other obligated third parties’ liquidity, financial condition or results of operations and their ability to satisfy their respective obligations to us, which, in turn, could have a Material Adverse Effect on us. Proceedings Arising in Connection with Senior Living and Office Operations; Other Litigation From time to time, we are party to various legal actions, regulatory investigations and claims (some of which may not be insured and some of which may allege large damage amounts) arising in connection with our senior living and office operations or otherwise in the course of our business. In limited circumstances, the manager of the applicable seniors housing community, MOB or life science and innovation center may be contractually obligated to indemnify, defend and hold us harmless against such actions, investigations and claims. It is the opinion of management that, except as otherwise set forth in this Note 14 , that the disposition of any such actions, investigations and claims that are currently pending will not, individually or in the aggregate, have a Material Adverse Effect on us. However, regardless of their merits, we may be forced to expend significant financial resources to defend and resolve these matters. We are unable to predict the ultimate outcome of these actions, investigations and claims, and if management’s assessment of our liability with respect thereto is incorrect, such actions, investigations and claims could have a Material Adverse Effect on us. Certain Obligations, Liabilities and Litigation We may be subject to various obligations, liabilities and litigation assumed in connection with or arising out of our acquisitions or otherwise arising in connection with our business, some of which may be indemnifiable by third parties. If these liabilities are greater than expected or were not known to us at the time of acquisition, if we are not entitled to indemnification, or if the responsible third party fails to indemnify us, such obligations, liabilities and litigation could have a Material Adverse Effect on us. In addition, in connection with the sale or leasing of our properties, we may incur various obligations and liabilities, including indemnification obligations to the buyer or tenant, relating to the operations of those properties, which could have a Material Adverse Effect on us. Other With respect to certain of our properties, we are subject to operating and ground lease obligations that generally require fixed monthly or annual rent payments and may include escalation clauses and renewal options. These leases have terms that expire during the next 84 years, excluding extension options. As of December 31, 2017 , our future minimum lease obligations under non-cancelable operating and ground leases were as follows: Lease Payments (In thousands) 2018 $ 27,498 2019 23,953 2020 23,206 2021 22,651 2022 17,738 Thereafter 623,462 Total $ 738,508

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 15—EARNINGS PER SHARE The following table shows the amounts used in computing our basic and diluted earnings per common share: For the Year Ended December 31, 2017 2016 2015 (In thousands, except per share amounts) Numerator for basic and diluted earnings per share: Income from continuing operations $ 643,949 $ 554,209 $ 389,539 Discontinued operations (110 ) (922 ) 11,103 Gain on real estate dispositions 717,273 98,203 18,580 Net income 1,361,112 651,490 419,222 Net income attributable to noncontrolling interests 4,642 2,259 1,379 Net income attributable to common stockholders $ 1,356,470 $ 649,231 $ 417,843 Denominator: Denominator for basic earnings per share—weighted average shares 355,326 344,703 330,311 Effect of dilutive securities: Stock options 494 569 360 Restricted stock awards 265 176 41 OP Unitholder interests 2,481 2,942 3,295 Denominator for diluted earnings per share—adjusted weighted average shares 358,566 348,390 334,007 Basic earnings per share: Income from continuing operations $ 1.81 $ 1.61 $ 1.18 Net income attributable to common stockholders 3.82 1.88 1.26 Diluted earnings per share: Income from continuing operations $ 1.80 $ 1.59 $ 1.17 Net income attributable to common stockholders 3.78 1.86 1.25 There were 3.0 million , 1.4 million and 0.9 million anti-dilutive options outstanding for the years ended December 31, 2017 , 2016 and 2015 , respectively.

Permanent and Temporary Equity

Permanent and Temporary Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Permanent and Temporary Equity	NOTE 16—PERMANENT AND TEMPORARY EQUITY Capital Stock During the year ended December 31, 2017 , we issued and sold 1.1 million shares of common stock under our “at-the-market” (“ATM”) equity offering program for aggregate net proceeds of $73.9 million , after sales agent commissions. As of December 31, 2017 , approximately $155.6 million of our common stock remained available for sale under our ATM equity offering program. For the year ended December 31, 2016 , we issued and sold a total of 18.9 million shares of our common stock under our ATM equity offering program and public offerings. Aggregate net proceeds for these activities were $1.3 billion , after sales agent commissions. We used the proceeds to fund a portion of the Life Sciences Acquisition, for working capital and other general corporate purposes. See “ NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY ” for additional information. In January 2015, in connection with the HCT acquisition, we issued approximately 28.4 million shares of our common stock and 1.1 million Class C Units that were redeemable for our common stock. For the year ended December 31, 2015 , we issued and sold a total of 7.2 million shares of common stock under our ATM equity offering program for aggregate net proceeds of $491.6 million , after sales agent commissions. Excess Share Provision In order to preserve our ability to maintain REIT status, our Charter provides that if a person acquires beneficial ownership of more than 9% of our outstanding common stock or 9.9% of our outstanding preferred stock, the shares that are beneficially owned in excess of such limit are deemed to be excess shares. These shares are automatically deemed transferred to a trust for the benefit of a charitable institution or other qualifying organization selected by our Board of Directors. The trust is entitled to all dividends with respect to the shares and the trustee may exercise all voting power over the shares. We have the right to buy the excess shares for a purchase price equal to the lesser of the price per share in the transaction that created the excess shares or the market price on the date we buy the shares, and we may defer payment of the purchase price for the excess shares for up to five years. If we do not purchase the excess shares, the trustee of the trust is required to transfer the excess shares at the direction of the Board of Directors. The owner of the excess shares is entitled to receive the lesser of the proceeds from the sale or the original purchase price for such excess shares, and any additional amounts are payable to the beneficiary of the trust. As of December 31, 2017 , there were no shares in the trust. Our Board of Directors is empowered to grant waivers from the excess share provisions of our Charter. Accumulated Other Comprehensive Loss The following is a summary of our accumulated other comprehensive loss as of December 31, 2017 and 2016 : 2017 2016 (In thousands) Foreign currency translation $ (45,580 ) $ (66,192 ) Accumulated unrealized gain on government-sponsored pooled loan investments 802 1,239 Other 9,658 7,419 Total accumulated other comprehensive loss $ (35,120 ) $ (57,534 ) The change in foreign currency translation during the year ended December 31, 2017 was due primarily to the remeasurement of our properties located in the United Kingdom. Redeemable OP Unitholder and Noncontrolling Interests The following is a rollforward of our redeemable OP Unitholder Interests and noncontrolling interests for 2017 : Redeemable OP Unitholder Interests Redeemable Noncontrolling Interests Total Redeemable OP Unitholder and Noncontrolling Interests (In thousands) Balance as of December 31, 2016 $ 177,177 $ 23,551 $ 200,728 New issuances — 2,143 2,143 Change in valuation (2,112 ) 2,353 241 Distributions and other (5,677 ) — (5,677 ) Redemptions (23,136 ) (15,809 ) (38,945 ) Balance as of December 31, 2017 $ 146,252 $ 12,238 $ 158,490 During 2017, third party investors redeemed 53,728 OP Units and 341,776 Class C Units for 390,403 shares of Ventas common stock, valued at $24.0 million .

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 17—RELATED PARTY TRANSACTIONS As disclosed in “ NOTE 3—CONCENTRATION OF CREDIT RISK ,” Atria provides comprehensive property management and accounting services with respect to our seniors housing communities that Atria operates, for which we pay annual management fees pursuant to long-term management agreements. Most of our management agreements with Atria have initial terms expiring either July 31, 2024 or December 31, 2027, with successive automatic ten -year renewal periods. The management fees payable to Atria under most of the Atria management agreements range from 4.5% to 5% of revenues generated by the applicable properties, and Atria can earn up to an additional 1% of revenues based on the achievement of specified performance targets. Atria also provides certain construction and development management services relating to various development and redevelopment projects within our seniors housing portfolio. For the years ended December 31, 2017 , 2016 and 2015 , we incurred fees to Atria of $59.7 million , $58.7 million , and $58.0 million respectively, the majority of which are recorded within property-level operating expenses in our Consolidated Statements of Income. As disclosed in “ NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY ,” we leased 10 hospital campuses to Ardent pursuant to a single, triple-net master lease agreement. Pursuant to our master lease agreement, Ardent is obligated to pay base rent, which escalates annually by the lesser of four times the increase in the consumer price index for the relevant period and 2.5% . The initial term of the master lease expires on August 31, 2035 and Ardent has one ten -year renewal option. For the years ended December 31, 2017 and 2016 , and the period from the closing of the Ardent Transaction through December 31, 2015 , we recognized rental income from Ardent of $110.8 million , $106.9 million , and $42.9 million , respectively. In 2015, as part of the closing, we also paid certain transaction-related fees to Ardent of $40.0 million , which are recorded within merger-related expenses and deal costs in our Consolidated Statements of Income. These transactions are considered to be arm’s length in nature and on terms consistent with transactions with unaffiliated third parties.

Quarterly Financial Information

Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information (Unaudited)	NOTE 18—QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Summarized unaudited consolidated quarterly information for the years ended December 31, 2017 and 2016 is provided below. For the Year Ended December 31, 2017 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 883,443 $ 895,490 $ 899,928 $ 895,288 Income from continuing operations $ 155,912 $ 152,272 $ 156,930 $ 178,835 Discontinued operations (53 ) (23 ) (19 ) (15 ) Gain on real estate dispositions 43,289 719 458,280 214,985 Net income 199,148 152,968 615,191 393,805 Net income attributable to noncontrolling interests 1,021 1,137 1,233 1,251 Net income attributable to common stockholders $ 198,127 $ 151,831 $ 613,958 $ 392,554 Earnings per share: Basic: Income from continuing operations $ 0.44 $ 0.43 $ 0.44 $ 0.50 Net income attributable to common stockholders 0.56 0.43 1.72 1.10 Diluted: Income from continuing operations $ 0.44 $ 0.42 $ 0.44 $ 0.50 Net income attributable to common stockholders 0.55 0.42 1.71 1.09 Dividends declared per share $ 0.775 $ 0.775 $ 0.775 $ 0.79 For the Year Ended December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 852,289 $ 848,404 $ 867,116 $ 875,713 Income from continuing operations $ 123,339 $ 137,849 $ 150,446 $ 142,575 Discontinued operations (489 ) (148 ) (118 ) (167 ) Gain (loss) on real estate dispositions 26,184 5,739 (144 ) 66,424 Net income 149,034 143,440 150,184 208,832 Net income attributable to noncontrolling interests 54 278 732 1,195 Net income attributable to common stockholders $ 148,980 $ 143,162 $ 149,452 $ 207,637 Earnings per share: Basic: Income from continuing operations $ 0.37 $ 0.41 $ 0.43 $ 0.40 Net income attributable to common stockholders 0.44 0.42 0.43 0.59 Diluted: Income from continuing operations $ 0.36 $ 0.40 $ 0.42 $ 0.40 Net income attributable to common stockholders 0.44 0.42 0.42 0.58 Dividends declared per share $ 0.73 $ 0.73 $ 0.73 $ 0.775

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Information	NOTE 19—SEGMENT INFORMATION As of December 31, 2017 , we operated through three reportable business segments: triple-net leased properties, senior living operations and office operations. Under our triple-net leased properties segment, we invest in and own seniors housing and healthcare properties throughout the United States and the United Kingdom and lease those properties to healthcare operating companies under “triple-net” or “absolute-net” leases that obligate the tenants to pay all property-related expenses. In our senior living operations segment, we invest in seniors housing communities throughout the United States and Canada and engage independent operators, such as Atria and Sunrise, to manage those communities. In our office operations segment, we primarily acquire, own, develop, lease and manage MOBs and life science and innovation centers throughout the United States. Information provided for “all other” includes income from loans and investments and other miscellaneous income and various corporate-level expenses not directly attributable to any of our three reportable business segments. Assets included in “all other” consist primarily of corporate assets, including cash, restricted cash, loans receivable and investments, and miscellaneous accounts receivable. Our chief operating decision makers evaluate performance of the combined properties in each reportable business segment and determine how to allocate resources to those segments, in significant part, based on segment NOI and related measures. We define segment NOI as total revenues, less interest and other income, property-level operating expenses and office building services costs. We consider segment NOI useful because it allows investors, analysts and our management to measure unlevered property-level operating results and to compare our operating results to the operating results of other real estate companies between periods on a consistent basis. In order to facilitate a clear understanding of our historical consolidated operating results, segment NOI should be examined in conjunction with income from continuing operations as presented in our Consolidated Financial Statements and other financial data included elsewhere in this Annual Report on Form 10-K. Interest expense, depreciation and amortization, general, administrative and professional fees, income tax expense and other non-property specific revenues and expenses are not allocated to individual reportable business segments for purposes of assessing segment performance. There are no intersegment sales or transfers. Summary information by reportable business segment is as follows: For the Year Ended December 31, 2017 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 840,131 $ — $ 753,467 $ — $ 1,593,598 Resident fees and services — 1,843,232 — — 1,843,232 Office building and other services revenue 4,580 — 7,497 1,600 13,677 Income from loans and investments — — — 117,608 117,608 Interest and other income — — — 6,034 6,034 Total revenues $ 844,711 $ 1,843,232 $ 760,964 $ 125,242 $ 3,574,149 Total revenues $ 844,711 $ 1,843,232 $ 760,964 $ 125,242 $ 3,574,149 Less: Interest and other income — — — 6,034 6,034 Property-level operating expenses — 1,250,065 233,007 — 1,483,072 Office building services costs — — 3,391 — 3,391 Segment NOI 844,711 593,167 524,566 119,208 2,081,652 Income (loss) from unconsolidated entities 845 (61 ) 503 (1,848 ) (561 ) Segment profit $ 845,556 $ 593,106 $ 525,069 $ 117,360 2,081,091 Interest and other income 6,034 Interest expense (448,196 ) Depreciation and amortization (887,948 ) General, administrative and professional fees (135,490 ) Loss on extinguishment of debt, net (754 ) Merger-related expenses and deal costs (10,535 ) Other (20,052 ) Income tax benefit 59,799 Income from continuing operations $ 643,949 For the Year Ended December 31, 2016 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 845,834 $ — $ 630,342 $ — $ 1,476,176 Resident fees and services — 1,847,306 — — 1,847,306 Office building and other services revenue 4,921 — 13,029 3,120 21,070 Income from loans and investments — — — 98,094 98,094 Interest and other income — — — 876 876 Total revenues $ 850,755 $ 1,847,306 $ 643,371 $ 102,090 $ 3,443,522 Total revenues $ 850,755 $ 1,847,306 $ 643,371 $ 102,090 $ 3,443,522 Less: Interest and other income — — — 876 876 Property-level operating expenses — 1,242,978 191,784 — 1,434,762 Office building services costs — — 7,311 — 7,311 Segment NOI 850,755 604,328 444,276 101,214 2,000,573 Income from unconsolidated entities 2,363 1,265 590 140 4,358 Segment profit $ 853,118 $ 605,593 $ 444,866 $ 101,354 2,004,931 Interest and other income 876 Interest expense (419,740 ) Depreciation and amortization (898,924 ) General, administrative and professional fees (126,875 ) Loss on extinguishment of debt, net (2,779 ) Merger-related expenses and deal costs (24,635 ) Other (9,988 ) Income tax benefit 31,343 Income from continuing operations $ 554,209 For the Year Ended December 31, 2015 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 779,801 $ — $ 566,245 $ — $ 1,346,046 Resident fees and services — 1,811,255 — — 1,811,255 Office building and other services revenue 4,433 — 34,436 2,623 41,492 Income from loans and investments — — — 86,553 86,553 Interest and other income — — — 1,052 1,052 Total revenues $ 784,234 $ 1,811,255 $ 600,681 $ 90,228 $ 3,286,398 Total revenues $ 784,234 $ 1,811,255 $ 600,681 $ 90,228 $ 3,286,398 Less: Interest and other income — — — 1,052 1,052 Property-level operating expenses — 1,209,415 174,225 — 1,383,640 Office building services costs — — 26,565 — 26,565 Segment NOI 784,234 601,840 399,891 89,176 1,875,141 (Loss) income from unconsolidated entities (813 ) (526 ) 369 (450 ) (1,420 ) Segment profit $ 783,421 $ 601,314 $ 400,260 $ 88,726 1,873,721 Interest and other income 1,052 Interest expense (367,114 ) Depreciation and amortization (894,057 ) General, administrative and professional fees (128,035 ) Loss on extinguishment of debt, net (14,411 ) Merger-related expenses and deal costs (102,944 ) Other (17,957 ) Income tax benefit 39,284 Income from continuing operations $ 389,539 Assets by reportable business segment are as follows: As of December 31, 2017 2016 (Dollars in thousands) Assets: Triple-net leased properties $ 7,778,064 32.4 % $ 7,627,792 32.9 % Senior living operations 7,654,609 32.0 7,826,262 33.8 Office operations 6,897,696 28.8 6,614,454 28.6 All other assets 1,624,172 6.8 1,098,092 4.7 Total assets $ 23,954,541 100.0 % $ 23,166,600 100.0 % Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows: For the Year Ended December 31, 2017 2016 2015 (In thousands) Capital expenditures: Triple-net leased properties $ 169,661 $ 74,192 $ 1,890,245 Senior living operations 149,449 105,614 382,877 Office operations 492,765 1,503,304 604,827 Total capital expenditures $ 811,875 $ 1,683,110 $ 2,877,949 Our portfolio of properties and mortgage loan and other investments are located in the United States, Canada and the United Kingdom. Revenues are attributed to an individual country based on the location of each property. Geographic information regarding our operations is as follows: For the Year Ended December 31, 2017 2016 2015 (In thousands) Revenues: United States $ 3,361,682 $ 3,242,353 $ 3,086,449 Canada 186,049 174,831 173,778 United Kingdom 26,418 26,338 26,171 Total revenues $ 3,574,149 $ 3,443,522 $ 3,286,398 As of December 31, 2017 2016 (In thousands) Net real estate property: United States $ 19,219,650 $ 19,105,939 Canada 1,070,903 1,037,105 United Kingdom 297,827 251,710 Total net real estate property $ 20,588,380 $ 20,394,754

Condensed Consolidating Informa

Condensed Consolidating Information	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidating Information	NOTE 20—CONDENSED CONSOLIDATING INFORMATION Ventas, Inc. has fully and unconditionally guaranteed the obligation to pay principal and interest with respect to the outstanding senior notes issued by our 100% owned subsidiary, Ventas Realty, including the senior notes that were jointly issued with Ventas Capital Corporation. Ventas Capital Corporation is a direct 100% owned subsidiary of Ventas Realty that has no assets or operations, but was formed in 2002 solely to facilitate offerings of senior notes by a limited partnership. None of our other subsidiaries (such subsidiaries, excluding Ventas Realty and Ventas Capital Corporation, the “Ventas Subsidiaries”) is obligated with respect to Ventas Realty’s outstanding senior notes. Certain of Ventas Realty’s outstanding senior notes reflected in our condensed consolidating information were issued jointly with Ventas Capital Corporation. Ventas, Inc. has also fully and unconditionally guaranteed the obligation to pay principal and interest with respect to the outstanding senior notes issued by our 100% owned subsidiary, Ventas Canada Finance Limited. None of our other subsidiaries is obligated with respect to Ventas Canada Finance Limited’s outstanding senior notes, all of which were issued on a private placement basis in Canada. In connection with the NHP acquisition, our 100% owned subsidiary, NHP LLC, as successor to NHP, assumed the obligation to pay principal and interest with respect to the outstanding senior notes issued by NHP. Neither we nor any of our subsidiaries (other than NHP LLC) is obligated with respect to any of NHP LLC’s outstanding senior notes. Under certain circumstances, contractual and legal restrictions, including those contained in the instruments governing our subsidiaries’ outstanding mortgage indebtedness, may restrict our ability to obtain cash from our subsidiaries for the purpose of meeting our debt service obligations, including our payment guarantees with respect to Ventas Realty’s and Ventas Canada Finance Limited’s senior notes. The following summarizes our condensed consolidating information as of December 31, 2017 and 2016 and for the years ended December 31, 2017 , 2016 , and 2015 : CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 1,844 $ 119,508 $ 21,937,026 $ — $ 22,058,378 Cash and cash equivalents 9,828 — 71,527 — 81,355 Escrow deposits and restricted cash 39,816 128 66,954 — 106,898 Investment in and advances to affiliates 14,786,086 2,916,060 — (17,702,146 ) — Goodwill — — 1,034,641 — 1,034,641 Assets held for sale — — 100,324 — 100,324 Other assets 55,936 9,458 507,551 — 572,945 Total assets $ 14,893,510 $ 3,045,154 $ 23,718,023 $ (17,702,146 ) $ 23,954,541 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,895,641 $ 2,380,421 $ — $ 11,276,062 Intercompany loans 7,835,266 (7,127,624 ) (707,642 ) — — Accrued interest (6,410 ) 77,691 22,677 — 93,958 Accounts payable and other liabilities 381,512 24,635 776,405 — 1,182,552 Liabilities related to assets held for sale — — 61,202 — 61,202 Deferred income taxes 250,092 — — — 250,092 Total liabilities 8,460,460 1,870,343 2,533,063 — 12,863,866 Redeemable OP unitholder and noncontrolling interests — — 158,490 — 158,490 Total equity 6,433,050 1,174,811 21,026,470 (17,702,146 ) 10,932,185 Total liabilities and equity $ 14,893,510 $ 3,045,154 $ 23,718,023 $ (17,702,146 ) $ 23,954,541 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2016 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 2,007 $ 173,259 $ 21,017,430 $ — $ 21,192,696 Cash and cash equivalents 210,303 — 76,404 — 286,707 Escrow deposits and restricted cash 198 1,504 78,945 — 80,647 Investment in and advances to affiliates 14,166,255 2,938,442 — (17,104,697 ) — Goodwill — — 1,033,225 — 1,033,225 Assets held for sale — — 54,961 — 54,961 Other assets 35,468 6,791 476,105 — 518,364 Total assets $ 14,414,231 $ 3,119,996 $ 22,737,070 $ (17,104,697 ) $ 23,166,600 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,406,979 $ 2,720,347 $ — $ 11,127,326 Intercompany loans 6,996,162 (6,209,706 ) (786,456 ) — — Accrued interest (1,753 ) 67,156 18,359 — 83,762 Accounts payable and other liabilities 89,115 35,587 783,226 — 907,928 Liabilities related to assets held for sale — (1 ) 1,463 — 1,462 Deferred income taxes 316,641 — — — 316,641 Total liabilities 7,400,165 2,300,015 2,736,939 — 12,437,119 Redeemable OP unitholder and noncontrolling interests — — 200,728 — 200,728 Total equity 7,014,066 819,981 19,799,403 (17,104,697 ) 10,528,753 Total liabilities and equity $ 14,414,231 $ 3,119,996 $ 22,737,070 $ (17,104,697 ) $ 23,166,600 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 2,383 $ 178,165 $ 1,413,050 $ — $ 1,593,598 Resident fees and services — — 1,843,232 — 1,843,232 Office building and other services revenues — — 13,677 — 13,677 Income from loans and investments 1,236 — 116,372 — 117,608 Equity earnings in affiliates 488,862 — (1,620 ) (487,242 ) — Interest and other income 5,388 — 646 — 6,034 Total revenues 497,869 178,165 3,385,357 (487,242 ) 3,574,149 Expenses Interest (101,222 ) 319,630 229,788 — 448,196 Depreciation and amortization 5,483 7,510 874,955 — 887,948 Property-level operating expenses — 329 1,482,743 — 1,483,072 Office building services costs — — 3,391 — 3,391 General, administrative and professional fees 2,056 16,976 116,458 — 135,490 Loss (gain) on extinguishment of debt, net — 943 (189 ) — 754 Merger-related expenses and deal costs 9,797 — 738 — 10,535 Other 2,247 1 17,804 — 20,052 Total expenses (81,639 ) 345,389 2,725,688 — 2,989,438 Income (loss) before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests 579,508 (167,224 ) 659,669 (487,242 ) 584,711 Income (loss) from unconsolidated entities — 5,306 (5,867 ) — (561 ) Income tax benefit 59,799 — — — 59,799 Income (loss) from continuing operations 639,307 (161,918 ) 653,802 (487,242 ) 643,949 Discontinued operations (110 ) — — — (110 ) Gain on real estate dispositions 717,273 — — — 717,273 Net income (loss) 1,356,470 (161,918 ) 653,802 (487,242 ) 1,361,112 Net income attributable to noncontrolling interests — — 4,642 — 4,642 Net income (loss) attributable to common stockholders $ 1,356,470 $ (161,918 ) $ 649,160 $ (487,242 ) $ 1,356,470 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2016 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 2,670 $ 196,991 $ 1,276,515 $ — $ 1,476,176 Resident fees and services — — 1,847,306 — 1,847,306 Office building and other services revenues 1,605 — 19,465 — 21,070 Income from loans and investments 341 — 97,753 — 98,094 Equity earnings in affiliates 500,515 — (1,223 ) (499,292 ) — Interest and other income 666 — 210 — 876 Total revenues 505,797 196,991 3,240,026 (499,292 ) 3,443,522 Expenses Interest (46,650 ) 281,458 184,932 — 419,740 Depreciation and amortization 8,968 18,297 871,659 — 898,924 Property-level operating expenses — 317 1,434,445 — 1,434,762 Office building services costs — — 7,311 — 7,311 General, administrative and professional fees 509 18,320 108,046 — 126,875 Loss on extinguishment of debt, net — 2,770 9 — 2,779 Merger-related expenses and deal costs 23,068 — 1,567 — 24,635 Other (705 ) 41 10,652 — 9,988 Total expenses (14,810 ) 321,203 2,618,621 — 2,925,014 Income (loss) before unconsolidated entities, income taxes, discontinued operations and noncontrolling interests 520,607 (124,212 ) 621,405 (499,292 ) 518,508 Income from unconsolidated entities — 1,840 2,518 — 4,358 Income tax benefit 31,343 — — — 31,343 Income (loss) from continuing operations 551,950 (122,372 ) 623,923 (499,292 ) 554,209 Discontinued operations (922 ) — — — (922 ) Gain on real estate dispositions 98,203 — — — 98,203 Net income (loss) 649,231 (122,372 ) 623,923 (499,292 ) 651,490 Net income attributable to noncontrolling interests — — 2,259 — 2,259 Net income (loss) attributable to common stockholders $ 649,231 $ (122,372 ) $ 621,664 $ (499,292 ) $ 649,231 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2015 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 3,663 $ 198,017 $ 1,144,366 $ — $ 1,346,046 Resident fees and services — — 1,811,255 — 1,811,255 Office building and other services revenues 895 — 40,597 — 41,492 Income from loans and investments 8,605 534 77,414 — 86,553 Equity earnings in affiliates 458,213 — (649 ) (457,564 ) — Interest and other income 495 (6 ) 563 — 1,052 Total revenues 471,871 198,545 3,073,546 (457,564 ) 3,286,398 Expenses Interest (38,393 ) 257,503 148,004 — 367,114 Depreciation and amortization 5,443 14,679 873,935 — 894,057 Property-level operating expenses — 367 1,383,273 — 1,383,640 Office building services costs — — 26,565 — 26,565 General, administrative and professional fees (321 ) 20,777 107,579 — 128,035 Loss on extinguishment of debt, net — 4,523 9,888 — 14,411 Merger-related expenses and deal costs 98,644 75 4,225 — 102,944 Other (358 ) 45 18,270 — 17,957 Total expenses 65,015 297,969 2,571,739 — 2,934,723 Income (loss) before unconsolidated entities, income taxes, discontinued operations, and noncontrolling interests 406,856 (99,424 ) 501,807 (457,564 ) 351,675 Loss from unconsolidated entities — (183 ) (1,237 ) — (1,420 ) Income tax benefit 39,284 — — — 39,284 Income (loss) from continuing operations 446,140 (99,607 ) 500,570 (457,564 ) 389,539 Discontinued operations (46,877 ) 34,748 23,232 — 11,103 Gain on real estate dispositions 18,580 — — — 18,580 Net income (loss) 417,843 (64,859 ) 523,802 (457,564 ) 419,222 Net income attributable to noncontrolling interests — — 1,379 — 1,379 Net income (loss) attributable to common stockholders $ 417,843 $ (64,859 ) $ 522,423 $ (457,564 ) $ 417,843 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 1,356,470 $ (161,918 ) $ 653,802 $ (487,242 ) $ 1,361,112 Other comprehensive (loss) income: Foreign currency translation — — 20,612 — 20,612 Unrealized loss on government-sponsored pooled loan investments (437 ) — — — (437 ) Other — — 2,239 — 2,239 Total other comprehensive (loss) income (437 ) — 22,851 — 22,414 Comprehensive income (loss) 1,356,033 (161,918 ) 676,653 (487,242 ) 1,383,526 Comprehensive income attributable to noncontrolling interests — — 4,642 — 4,642 Comprehensive income (loss) attributable to common stockholders $ 1,356,033 $ (161,918 ) $ 672,011 $ (487,242 ) $ 1,378,884 For the Year Ended December 31, 2016 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 649,231 $ (122,372 ) $ 623,923 $ (499,292 ) $ 651,490 Other comprehensive loss: Foreign currency translation — — (52,266 ) — (52,266 ) Unrealized loss on government-sponsored pooled loan investments (310 ) — — — (310 ) Other — — 2,607 — 2,607 Total other comprehensive loss (310 ) — (49,659 ) — (49,969 ) Comprehensive income (loss) 648,921 (122,372 ) 574,264 (499,292 ) 601,521 Comprehensive income attributable to noncontrolling interests — — 2,259 — 2,259 Comprehensive income (loss) attributable to common stockholders $ 648,921 $ (122,372 ) $ 572,005 $ (499,292 ) $ 599,262 For the Year Ended December 31, 2015 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 417,843 $ (64,859 ) $ 523,802 $ (457,564 ) $ 419,222 Other comprehensive loss: Foreign currency translation — — (14,792 ) — (14,792 ) Unrealized loss on government-sponsored pooled loan investments (5,236 ) — — — (5,236 ) Other — — (658 ) — (658 ) Total other comprehensive loss (5,236 ) — (15,450 ) — (20,686 ) Comprehensive income (loss) 412,607 (64,859 ) 508,352 (457,564 ) 398,536 Comprehensive income attributable to noncontrolling interests — — 1,379 — 1,379 Comprehensive income (loss) attributable to common stockholders $ 412,607 $ (64,859 ) $ 506,973 $ (457,564 ) $ 397,157 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 150,548 $ (142,584 ) $ 1,434,216 $ — $ 1,442,180 Cash flows from investing activities: Net investment in real estate property (350,900 ) — (29,332 ) — (380,232 ) Investment in loans receivable and other (4,633 ) — (743,486 ) — (748,119 ) Proceeds from real estate disposals 537,144 — 287 — 537,431 Proceeds from loans receivable 47 — 101,050 — 101,097 Development project expenditures — — (299,085 ) — (299,085 ) Capital expenditures — (726 ) (131,832 ) — (132,558 ) Distributions from unconsolidated entities — — 6,169 — 6,169 Investment in unconsolidated entities — — (61,220 ) — (61,220 ) Net cash provided by (used in) investing activities 181,658 (726 ) (1,157,449 ) — (976,517 ) Cash flows from financing activities: Net change in borrowings under revolving credit facilities — 478,868 (94,085 ) — 384,783 Proceeds from debt — 793,904 317,745 — 1,111,649 Repayment of debt — (778,606 ) (590,478 ) — (1,369,084 ) Purchase of noncontrolling interests (15,809 ) — — (15,809 ) Net change in intercompany debt 1,002,694 (917,917 ) (84,777 ) — — Payment of deferred financing costs — (20,450 ) (6,847 ) — (27,297 ) Issuance of common stock, net 73,596 — — — 73,596 Cash distribution (to) from affiliates (804,901 ) 587,511 217,390 — — Cash distribution to common stockholders (827,285 ) — — — (827,285 ) Cash distribution to redeemable OP unitholders — — (5,677 ) — (5,677 ) Contributions from noncontrolling interests — — 4,402 — 4,402 Distributions to noncontrolling interests — — (11,187 ) — (11,187 ) Other 10,582 — — — 10,582 Net cash (used in) provided by financing activities (561,123 ) 143,310 (253,514 ) — (671,327 ) Net (decrease) increase in cash and cash equivalents (228,917 ) — 23,253 — (205,664 ) Effect of foreign currency translation on cash and cash equivalents 28,442 — (28,130 ) — 312 Cash and cash equivalents at beginning of period 210,303 — 76,404 — 286,707 Cash and cash equivalents at end of period $ 9,828 $ — $ 71,527 $ — $ 81,355 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2016 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 69,496 $ (92,923 ) $ 1,395,768 $ — $ 1,372,341 Cash flows from investing activities: Net investment in real estate property (1,448,230 ) — 19,118 — (1,429,112 ) Investment in loans receivable and other — — (158,635 ) — (158,635 ) Proceeds from real estate disposals 257,441 — 43,120 — 300,561 Proceeds from loans receivable — — 320,082 — 320,082 Development project expenditures — — (143,647 ) — (143,647 ) Capital expenditures — (314 ) (117,142 ) — (117,456 ) Investment in unconsolidated entities — — (6,436 ) — (6,436 ) Net cash used in investing activities (1,190,789 ) (314 ) (43,540 ) — (1,234,643 ) Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — (171,000 ) 135,363 — (35,637 ) Proceeds from debt — 846,521 46,697 — 893,218 Repayment of debt — (651,820 ) (370,293 ) — (1,022,113 ) Net change in intercompany debt 990,056 82,266 (1,072,322 ) — — Purchase of noncontrolling interests — — (2,846 ) — (2,846 ) Payment of deferred financing costs — (5,787 ) (768 ) — (6,555 ) Issuance of common stock, net 1,286,680 — — — 1,286,680 Cash distribution from (to) affiliates 107,232 (6,943 ) (100,289 ) — — Cash distribution to common stockholders (1,024,968 ) — — — (1,024,968 ) Cash distribution to redeemable OP unitholders — — (8,640 ) — (8,640 ) Contributions from noncontrolling interests — — 7,326 — 7,326 Distributions to noncontrolling interests — — (6,879 ) — (6,879 ) Other 17,252 — — — 17,252 Net cash provided by (used in) financing activities 1,376,252 93,237 (1,372,651 ) — 96,838 Net increase (decrease) in cash and cash equivalents 254,959 — (20,423 ) — 234,536 Effect of foreign currency translation on cash and cash equivalents (56,389 ) — 55,537 — (852 ) Cash and cash equivalents at beginning of period 11,733 — 41,290 — 53,023 Cash and cash equivalents at end of period $ 210,303 $ — $ 76,404 $ — $ 286,707 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2015 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash (used in) provided by operating activities $ (115,977 ) $ 16,528 $ 1,498,280 $ — $ 1,398,831 Cash flows from investing activities: Net investment in real estate property (2,650,788 ) — — — (2,650,788 ) Investment in loans receivable and other — — (171,144 ) — (171,144 ) Proceeds from real estate disposals 492,408 — — — 492,408 Proceeds from loans receivable — — 109,176 — 109,176 Proceeds from sale or maturity of marketable securities 76,800 — — — 76,800 Funds held in escrow for future development expenditures — — 4,003 — 4,003 Development project expenditures — — (119,674 ) — (119,674 ) Capital expenditures — (15,733 ) (91,754 ) — (107,487 ) Investment in unconsolidated entities (26,282 ) — (30,704 ) — (56,986 ) Net cash used in investing activities (2,107,862 ) (15,733 ) (300,097 ) — (2,423,692 ) Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — (584,000 ) (139,457 ) — (723,457 ) Net cash impact of CCP spin-off 1,273,000 — (1,401,749 ) — (128,749 ) Proceeds from debt — 2,292,568 220,179 — 2,512,747 Issuance of debt related to CCP spin-off — — 1,400,000 — 1,400,000 Repayment of debt — (705,000 ) (730,596 ) — (1,435,596 ) Net change in intercompany debt 1,782,954 (1,008,773 ) (774,181 ) — — Purchase of noncontrolling interests — — (3,819 ) — (3,819 ) Payment of deferred financing costs — (22,297 ) (2,368 ) — (24,665 ) Issuance of common stock, net 491,023 — — — 491,023 Cash distribution (to) from affiliates (315,466 ) 26,707 288,759 — — Cash distribution to common stockholders (1,003,413 ) — — — (1,003,413 ) Cash distribution to redeemable OP unitholders — — — (15,095 ) — (15,095 ) Purchases of redeemable OP units — — (33,188 ) — (33,188 ) Distributions to noncontrolling interests — — (12,649 ) — (12,649 ) Other (81 ) — — — (81 ) Net cash provided by (used in) financing activities 2,228,017 (795 ) (1,204,164 ) — 1,023,058 Net increase (decrease) in cash and cash equivalents 4,178 — (5,981 ) — (1,803 ) Effect of foreign currency translation on cash and cash equivalents (17,302 ) — 16,780 — (522 ) Cash and cash equivalents at beginning of period 24,857 — 30,491 — 55,348 Cash and cash equivalents at end of period $ 11,733 $ — $ 41,290 $ — $ 53,023

Subsequent Event Subsequent Eve

Subsequent Event Subsequent Event (Notes)	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Event	NOTE 21—SUBSEQUENT EVENT In January 2018, we transitioned the management of 76 private pay seniors housing communities to Eclipse Senior Living (“ESL”). These assets, substantially all of which were previously leased by Elmcroft Senior Living (“Elmcroft”), are now operated by ESL under a management contract with us. We acquired a 34% ownership stake in ESL with customary rights and protections. ESL management owns the remaining 66% stake. We also intend to form a new joint venture with an institutional partner related to the assets previously leased by Elmcroft. However, there can be no assurance whether, when or on what terms the joint venture will be completed.

Schedule II_ Valuation and Qual

Schedule II: Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2017
Valuation and Qualifying Accounts [Abstract]
Schedule II: Valuation and Qualifying Accounts	Allowance Accounts Additions Deductions (In thousands) Year Ended December 31, Balance at Beginning of Year Charged to Earnings Acquired Properties Uncollectible Accounts Written-off Disposed Properties Balance at End of Year 2017 Allowance for doubtful accounts 11,636 7,207 — (3,237 ) (443 ) $ 15,163 Straight-line rent receivable allowance 109,836 8,540 — — (612 ) $ 117,764 121,472 15,747 — (3,237 ) (1,055 ) $ 132,927 2016 Allowance for doubtful accounts 13,546 5,093 — (7,111 ) 108 $ 11,636 Straight-line rent receivable allowance 101,418 9,682 — — (1,264 ) $ 109,836 114,964 14,775 — (7,111 ) (1,156 ) $ 121,472 2015 Allowance for doubtful accounts 11,460 10,937 753 (12,977 ) 3,373 $ 13,546 Straight-line rent receivable allowance 83,461 35,448 — — (17,491 ) $ 101,418 94,921 46,385 753 (12,977 ) (14,118 ) $ 114,964

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	SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION For the Years Ended December 31, 2017 2016 2015 (In thousands) Reconciliation of real estate: Carrying cost: Balance at beginning of period $ 23,816,586 $ 22,458,032 $ 19,241,735 Additions during period: Acquisitions 702,501 1,380,044 4,063,355 Capital expenditures 452,419 270,664 229,560 Deductions during period: Foreign currency translation 93,490 (6,252 ) (209,460 ) Other (1) (397,158 ) (285,902 ) (867,158 ) Balance at end of period $ 24,667,838 $ 23,816,586 $ 22,458,032 Accumulated depreciation: Balance at beginning of period $ 4,190,496 $ 3,544,625 $ 2,925,508 Additions during period: Depreciation expense 760,314 732,309 778,419 Dispositions: Sales and/or transfers to assets held for sale (176,926 ) (87,431 ) (144,545 ) Foreign currency translation 11,511 993 (14,757 ) Balance at end of period $ 4,785,395 $ 4,190,496 $ 3,544,625 (1) Other may include sales, transfers to assets held for sale and impairments. SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2017 (Dollars in thousands) Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed IRFS AND LTACS Rehabilitation Hospital of Southern Arizona Tucson AZ $ — $ 770 $ 25,589 $ — $ 770 $ 25,589 $ 26,359 $ 4,920 $ 21,439 1992 2011 35 years Kindred Hospital - Brea Brea CA — 3,144 2,611 — 3,144 2,611 5,755 1,467 4,288 1990 1995 40 years Kindred Hospital - Ontario Ontario CA — 523 2,988 — 523 2,988 3,511 3,076 435 1950 1994 25 years Kindred Hospital - San Diego San Diego CA — 670 11,764 — 670 11,764 12,434 11,739 695 1965 1994 25 years Kindred Hospital - San Francisco Bay Area San Leandro CA — 2,735 5,870 — 2,735 5,870 8,605 6,142 2,463 1962 1993 25 years Tustin Rehabilitation Hospital Tustin CA — 2,810 25,248 — 2,810 25,248 28,058 4,948 23,110 1991 2011 35 years Kindred Hospital - Westminster Westminster CA — 727 7,384 — 727 7,384 8,111 7,562 549 1973 1993 20 years Kindred Hospital - Denver Denver CO — 896 6,367 — 896 6,367 7,263 6,711 552 1963 1994 20 years Kindred Hospital - South Florida - Coral Gables Coral Gables FL — 1,071 5,348 — 1,071 5,348 6,419 5,008 1,411 1956 1992 30 years Kindred Hospital - South Florida Ft. Lauderdale Fort Lauderdale FL — 1,758 14,080 — 1,758 14,080 15,838 13,973 1,865 1969 1989 30 years Kindred Hospital - North Florida Green Cove Springs FL — 145 4,613 — 145 4,613 4,758 4,642 116 1956 1994 20 years Kindred Hospital - South Florida - Hollywood Hollywood FL — 605 5,229 — 605 5,229 5,834 5,234 600 1937 1995 20 years Kindred Hospital - Bay Area St. Petersburg St. Petersburg FL — 1,401 16,706 — 1,401 16,706 18,107 14,787 3,320 1968 1997 40 years Kindred Hospital - Central Tampa Tampa FL — 2,732 7,676 — 2,732 7,676 10,408 5,294 5,114 1970 1993 40 years Kindred Hospital - Chicago (North Campus) Chicago IL — 1,583 19,980 — 1,583 19,980 21,563 19,711 1,852 1949 1995 25 years Kindred - Chicago - Lakeshore Chicago IL — 1,513 9,525 — 1,513 9,525 11,038 9,474 1,564 1995 1976 20 years Kindred Hospital - Chicago (Northlake Campus) Northlake IL — 850 6,498 — 850 6,498 7,348 6,198 1,150 1960 1991 30 years Kindred Hospital - Sycamore Sycamore IL — 77 8,549 — 77 8,549 8,626 8,297 329 1949 1993 20 years Kindred Hospital - Indianapolis Indianapolis IN — 985 3,801 — 985 3,801 4,786 3,566 1,220 1955 1993 30 years Kindred Hospital - Louisville Louisville KY — 3,041 12,279 — 3,041 12,279 15,320 12,536 2,784 1964 1995 20 years Kindred Hospital - St. Louis St. Louis MO — 1,126 2,087 — 1,126 2,087 3,213 1,948 1,265 1984 1991 40 years Kindred Hospital - Las Vegas (Sahara) Las Vegas NV — 1,110 2,177 — 1,110 2,177 3,287 1,448 1,839 1980 1994 40 years Lovelace Rehabilitation Hospital Albuquerque NM — 401 17,186 1,415 401 18,601 19,002 1,329 17,673 1989 2015 36 years Kindred Hospital - Albuquerque Albuquerque NM — 11 4,253 — 11 4,253 4,264 2,961 1,303 1985 1993 40 years Kindred Hospital - Greensboro Greensboro NC — 1,010 7,586 — 1,010 7,586 8,596 7,686 910 1964 1994 20 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed University Hospitals Rehabilitation Hospital Beachwood OH — 1,800 16,444 — 1,800 16,444 18,244 2,236 16,008 2013 2013 35 years Kindred Hospital - Philadelphia Philadelphia PA — 135 5,223 — 135 5,223 5,358 3,514 1,844 1960 1995 35 years Kindred Hospital - Chattanooga Chattanooga TN — 756 4,415 — 756 4,415 5,171 4,176 995 1975 1993 22 years Rehabilitation Hospital of Dallas Dallas TX — 2,318 38,702 — 2,318 38,702 41,020 3,591 37,429 2009 2015 35 years Baylor Institute for Rehabilition - Ft. Worth TX Fort Worth TX — 2,071 16,018 — 2,071 16,018 18,089 1,613 16,476 2008 2015 35 years Kindred Hospital - Tarrant County (Fort Worth Southwest) Fort Worth TX — 2,342 7,458 — 2,342 7,458 9,800 7,505 2,295 1987 1986 20 years Rehabilitation Hospital The Vintage Houston TX — 1,838 34,832 — 1,838 34,832 36,670 3,390 33,280 2012 2015 35 years Kindred Hospital (Houston Northwest) Houston TX — 1,699 6,788 — 1,699 6,788 8,487 5,778 2,709 1986 1985 40 years Kindred Hospital - Houston Houston TX — 33 7,062 — 33 7,062 7,095 6,667 428 1972 1994 20 years Kindred Hospital - Mansfield Mansfield TX — 267 2,462 — 267 2,462 2,729 2,015 714 1983 1990 40 years Select Rehabilitation - San Antonio TX San Antonio TX — 1,859 18,301 — 1,859 18,301 20,160 1,807 18,353 2010 2015 35 years Kindred Hospital - San Antonio San Antonio TX — 249 11,413 — 249 11,413 11,662 9,533 2,129 1981 1993 30 years TOTAL FOR IRFS AND LTACS — 47,061 404,512 1,415 47,061 405,927 452,988 222,482 230,506 SKILLED NURSING FACILITIES Englewood Post Acute and Rehabilitation Englewood CO — 241 2,180 194 241 2,374 2,615 2,015 600 1960 1995 30 years Brookdale Lisle SNF Lisle IL — 730 9,270 — 730 9,270 10,000 2,863 7,137 1990 2009 35 years Lopatcong Center Phillipsburg NJ — 1,490 12,336 — 1,490 12,336 13,826 6,031 7,795 1982 2004 30 years Marietta Convalescent Center Marietta OH — 158 3,266 75 158 3,341 3,499 3,288 211 1972 1993 25 years The Belvedere Chester PA — 822 7,203 — 822 7,203 8,025 3,511 4,514 1899 2004 30 years Pennsburg Manor Pennsburg PA — 1,091 7,871 — 1,091 7,871 8,962 3,889 5,073 1982 2004 30 years Chapel Manor Philadelphia PA — 1,595 13,982 1,358 1,595 15,340 16,935 7,805 9,130 1948 2004 30 years Wayne Center Strafford PA — 662 6,872 850 662 7,722 8,384 4,148 4,236 1897 2004 30 years Everett Rehabilitation & Care Everett WA — 2,750 27,337 — 2,750 27,337 30,087 5,456 24,631 1995 2011 35 years Northwest Continuum Care Center Longview WA — 145 2,563 171 145 2,734 2,879 2,377 502 1955 1992 29 years Columbia Crest Care & Rehabilitation Center Moses Lake WA — 660 17,439 — 660 17,439 18,099 3,564 14,535 1972 2011 35 years Lake Ridge Solana Alzheimer's Care Center Moses Lake WA — 660 8,866 — 660 8,866 9,526 1,886 7,640 1988 2011 35 years Rainier Vista Care Center Puyallup WA — 520 4,780 305 520 5,085 5,605 3,355 2,250 1986 1991 40 years Logan Center Logan WV — 300 12,959 — 300 12,959 13,259 2,597 10,662 1987 2011 35 years Ravenswood Healthcare Center Ravenswood WV — 320 12,710 — 320 12,710 13,030 2,556 10,474 1987 2011 35 years Valley Center South Charleston WV — 750 24,115 — 750 24,115 24,865 4,897 19,968 1987 2011 35 years White Sulphur White Sulphur Springs WV — 250 13,055 — 250 13,055 13,305 2,641 10,664 1987 2011 35 years TOTAL FOR SKILLED NURSING FACILITIES — 13,144 186,804 2,953 13,144 189,757 202,901 62,879 140,022 HEALTH SYSTEMS Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Lovelace Medical Center Downtown Albuquerque NM — 9,840 156,535 5,319 9,928 161,766 171,694 12,499 159,195 1968 2015 33 years Lovelace Westside Hospital Albuquerque NM — 10,107 18,501 (3,873 ) 10,107 14,628 24,735 2,879 21,856 1984 2015 20 years Lovelace Women's Hospital Albuquerque NM — 7,236 183,866 10,317 7,236 194,183 201,419 10,423 190,996 1983 2015 47 years Roswell Regional Hospital Roswell NM — 2,560 41,164 1,509 2,560 42,673 45,233 2,380 42,853 2007 2015 47 years Hillcrest Hospital Claremore Claremore OK — 3,623 34,359 (10,268 ) 3,623 24,091 27,714 1,716 25,998 1955 2015 40 years Bailey Medical Center Owasso OK — 4,964 8,969 (1,782 ) 4,964 7,187 12,151 799 11,352 2006 2015 32 years Hillcrest Medical Center Tulsa OK — 28,319 215,199 8,605 28,319 223,804 252,123 16,487 235,636 1928 2015 34 years Hillcrest Hospital South Tulsa OK — 17,026 100,892 12,243 17,026 113,135 130,161 7,535 122,626 1999 2015 40 years Baptist St. Anthony's Hospital Amarillo TX — 13,779 358,029 13,713 13,015 372,506 385,521 20,940 364,581 1967 2015 44 years Spire Hull and East Riding Hospital Anlaby UK — 3,194 81,613 (11,223 ) 2,771 70,813 73,584 5,425 68,159 2010 2014 50 years Spire Fylde Coast Hospital Blackpool UK — 2,446 28,896 (4,148 ) 2,122 25,072 27,194 1,949 25,245 1980 2014 50 years Spire Clare Park Hospital Farnham UK — 6,263 26,119 (4,286 ) 5,434 22,662 28,096 1,831 26,265 2009 2014 50 years TOTAL FOR HEALTH SYSTEMS — 109,357 1,254,142 16,126 107,105 1,272,520 1,379,625 84,863 1,294,762 BROOKDALE SENIORS HOUSING COMMUNITIES Brookdale Chandler Ray Road Chandler AZ — 2,000 6,538 — 2,000 6,538 8,538 1,418 7,120 1998 2011 35 years Brookdale Springs Mesa Mesa AZ — 2,747 24,918 — 2,747 24,918 27,665 10,793 16,872 1986 2005 35 years Brookdale East Arbor Mesa AZ — 655 6,998 — 655 6,998 7,653 3,009 4,644 1998 2005 35 years Brookdale Oro Valley Oro Valley AZ — 666 6,169 — 666 6,169 6,835 2,653 4,182 1998 2005 35 years Brookdale Peoria Peoria AZ — 598 4,872 — 598 4,872 5,470 2,095 3,375 1998 2005 35 years Brookdale Tempe Tempe AZ — 611 4,066 — 611 4,066 4,677 1,748 2,929 1997 2005 35 years Brookdale East Tucson Tucson AZ — 506 4,745 — 506 4,745 5,251 2,040 3,211 1998 2005 35 years Brookdale Anaheim Anaheim CA — 2,464 7,908 — 2,464 7,908 10,372 3,148 7,224 1977 2005 35 years Brookdale Redwood City Redwood City CA — 7,669 66,691 — 7,669 66,691 74,360 29,097 45,263 1988 2005 35 years Brookdale San Jose San Jose CA — 6,240 66,329 12,838 6,240 79,167 85,407 29,510 55,897 1987 2005 35 years Brookdale San Marcos San Marcos CA — 4,288 36,204 — 4,288 36,204 40,492 15,879 24,613 1987 2005 35 years Brookdale Tracy Tracy CA — 1,110 13,296 — 1,110 13,296 14,406 4,974 9,432 1986 2005 35 years Brookdale Boulder Creek Boulder CO — 1,290 20,683 — 1,290 20,683 21,973 4,217 17,756 1985 2011 35 years Brookdale Vista Grande Colorado Springs CO — 715 9,279 — 715 9,279 9,994 3,990 6,004 1997 2005 35 years Brookdale El Camino Pueblo CO 4,773 840 9,403 — 840 9,403 10,243 4,043 6,200 1997 2005 35 years Brookdale Farmington Farmington CT — 3,995 36,310 — 3,995 36,310 40,305 15,722 24,583 1984 2005 35 years Brookdale South Windsor South Windsor CT — 2,187 12,682 — 2,187 12,682 14,869 5,004 9,865 1999 2004 35 years Brookdale Chatfield West Hartford CT — 2,493 22,833 22,296 2,493 45,129 47,622 10,806 36,816 1989 2005 35 years Brookdale Bonita Springs Bonita Springs FL 8,599 1,540 10,783 — 1,540 10,783 12,323 4,580 7,743 1989 2005 35 years Brookdale West Boynton Beach Boynton Beach FL 13,178 2,317 16,218 — 2,317 16,218 18,535 6,731 11,804 1999 2005 35 years Brookdale Deer Creek AL/MC Deerfield Beach FL — 1,399 9,791 — 1,399 9,791 11,190 4,369 6,821 1999 2005 35 years Brookdale Fort Myers The Colony Fort Myers FL — 1,510 7,862 — 1,510 7,862 9,372 1,587 7,785 1996 2011 35 years Brookdale Avondale Jacksonville FL — 860 16,745 — 860 16,745 17,605 3,264 14,341 1997 2011 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Brookdale Crown Point Jacksonville FL — 1,300 9,659 — 1,300 9,659 10,959 1,927 9,032 1997 2011 35 years Brookdale Jensen Beach Jensen Beach FL 11,825 1,831 12,820 — 1,831 12,820 14,651 5,431 9,220 1999 2005 35 years Brookdale Ormond Beach West Ormond Beach FL — 1,660 9,738 — 1,660 9,738 11,398 1,957 9,441 1997 2011 35 years Brookdale Palm Coast Palm Coast FL — 470 9,187 — 470 9,187 9,657 1,861 7,796 1997 2011 35 years Brookdale Pensacola Pensacola FL — 633 6,087 — 633 6,087 6,720 2,617 4,103 1998 2005 35 years Brookdale Rotonda Rotonda West FL — 1,740 4,331 — 1,740 4,331 6,071 1,043 5,028 1997 2011 35 years Brookdale Centre Pointe Boulevard Tallahassee FL 4,239 667 6,168 — 667 6,168 6,835 2,652 4,183 1998 2005 35 years Brookdale Tavares Tavares FL — 280 15,980 — 280 15,980 16,260 3,129 13,131 1997 2011 35 years Brookdale West Melbourne MC West Melbourne FL 6,041 586 5,481 — 586 5,481 6,067 2,357 3,710 2000 2005 35 years Brookdale West Palm Beach West Palm Beach FL — 3,758 33,072 — 3,758 33,072 36,830 14,400 22,430 1990 2005 35 years Brookdale Winter Haven MC Winter Haven FL — 232 3,006 — 232 3,006 3,238 1,293 1,945 1997 2005 35 years Brookdale Winter Haven AL Winter Haven FL — 438 5,549 — 438 5,549 5,987 2,386 3,601 1997 2005 35 years Brookdale Twin Falls Twin Falls ID — 703 6,153 — 703 6,153 6,856 2,646 4,210 1997 2005 35 years Brookdale Lake Shore Drive Chicago IL — 11,057 107,517 3,266 11,057 110,783 121,840 47,637 74,203 1990 2005 35 years Brookdale Lake View Chicago IL — 3,072 26,668 — 3,072 26,668 29,740 11,639 18,101 1950 2005 35 years Brookdale Des Plaines Des Plaines IL 32,000 6,871 60,165 (41 ) 6,805 60,190 66,995 26,219 40,776 1993 2005 35 years Brookdale Hoffman Estates Hoffman Estates IL — 3,886 44,130 — 3,886 44,130 48,016 18,461 29,555 1987 2005 35 years Brookdale Lisle IL/AL Lisle IL 33,000 7,953 70,400 — 7,953 70,400 78,353 30,621 47,732 1990 2005 35 years Brookdale Northbrook Northbrook IL — 1,988 39,762 — 1,988 39,762 41,750 16,011 25,739 1999 2004 35 years Brookdale Hawthorn Lakes IL/AL Vernon Hills IL — 4,439 35,044 — 4,439 35,044 39,483 15,563 23,920 1987 2005 35 years Brookdale Hawthorn Lakes AL Vernon Hills IL — 1,147 10,041 — 1,147 10,041 11,188 4,376 6,812 1999 2005 35 years Brookdale Evansville Evansville IN 3,401 357 3,765 — 357 3,765 4,122 1,619 2,503 1998 2005 35 years Brookdale Castleton Indianapolis IN — 1,280 11,515 — 1,280 11,515 12,795 4,994 7,801 1986 2005 35 years Brookdale Marion AL (IN) Marion IN — 207 3,570 — 207 3,570 3,777 1,535 2,242 1998 2005 35 years Brookdale Portage AL Portage IN — 128 3,649 — 128 3,649 3,777 1,569 2,208 1999 2005 35 years Brookdale Richmond Richmond IN — 495 4,124 — 495 4,124 4,619 1,773 2,846 1998 2005 35 years Brookdale Derby Derby KS — 440 4,422 — 440 4,422 4,862 911 3,951 1994 2011 35 years Brookdale Leawood State Line Leawood KS 3,463 117 5,127 — 117 5,127 5,244 2,205 3,039 2000 2005 35 years Brookdale Salina Fairdale Salina KS — 300 5,657 — 300 5,657 5,957 1,166 4,791 1996 2011 35 years Brookdale Topeka Topeka KS 4,638 370 6,825 — 370 6,825 7,195 2,935 4,260 2000 2005 35 years Brookdale Wellington Wellington KS — 310 2,434 — 310 2,434 2,744 542 2,202 1994 2011 35 years Brookdale Cushing Park Framingham MA — 5,819 33,361 2,430 5,819 35,791 41,610 13,440 28,170 1999 2004 35 years Brookdale Cape Cod Hyannis MA — 1,277 9,063 — 1,277 9,063 10,340 3,363 6,977 1999 2005 35 years Brookdale Quincy Bay Quincy MA — 6,101 57,862 — 6,101 57,862 63,963 24,877 39,086 1986 2005 35 years Brookdale Davison Davison MI — 160 3,189 2,543 160 5,732 5,892 1,630 4,262 1997 2011 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Brookdale Delta MC Delta Township MI — 730 11,471 — 730 11,471 12,201 2,283 9,918 1998 2011 35 years Brookdale Delta AL Delta Township MI — 820 3,313 — 820 3,313 4,133 922 3,211 1998 2011 35 years Brookdale Farmington Hills North Farmington Hills MI — 580 10,497 — 580 10,497 11,077 2,338 8,739 1994 2011 35 years Brookdale Farmington Hills North II Farmington Hills MI — 700 10,246 — 700 10,246 10,946 2,370 8,576 1994 2011 35 years Brookdale Meridian AL Haslett MI — 1,340 6,134 — 1,340 6,134 7,474 1,351 6,123 1998 2011 35 years Brookdale Grand Blanc MC Holly MI — 450 12,373 — 450 12,373 12,823 2,469 10,354 1998 2011 35 years Brookdale Grand Blanc AL Holly MI — 620 14,627 — 620 14,627 15,247 2,944 12,303 1998 2011 35 years Brookdale Northville Northville MI 6,820 407 6,068 — 407 6,068 6,475 2,609 3,866 1996 2005 35 years Brookdale Troy MC Troy MI — 630 17,178 — 630 17,178 17,808 3,394 14,414 1998 2011 35 years Brookdale Troy AL Troy MI — 950 12,503 — 950 12,503 13,453 2,634 10,819 1998 2011 35 years Brookdale Utica AL Utica MI — 1,142 11,808 — 1,142 11,808 12,950 5,077 7,873 1996 2005 35 years Brookdale Utica MC Utica MI — 700 8,657 — 700 8,657 9,357 1,837 7,520 1995 2011 35 years Brookdale Eden Prairie Eden Prairie MN — 301 6,228 — 301 6,228 6,529 2,678 3,851 1998 2005 35 years Brookdale Faribault Faribault MN — 530 1,085 — 530 1,085 1,615 275 1,340 1997 2011 35 years Brookdale Inver Grove Heights Inver Grove Heights MN 2,716 253 2,655 — 253 2,655 2,908 1,142 1,766 1997 2005 35 years Brookdale Mankato Mankato MN — 490 410 — 490 410 900 195 705 1996 2011 35 years Brookdale Edina Minneapolis MN 15,040 3,621 33,141 22,975 3,621 56,116 59,737 16,010 43,727 1998 2005 35 years Brookdale North Oaks North Oaks MN — 1,057 8,296 — 1,057 8,296 9,353 3,567 5,786 1998 2005 35 years Brookdale Plymouth Plymouth MN — 679 8,675 — 679 8,675 9,354 3,730 5,624 1998 2005 35 years Brookdale Willmar Wilmar MN — 470 4,833 — 470 4,833 5,303 971 4,332 1997 2011 35 years Brookdale Winona Winona MN — 800 1,390 — 800 1,390 2,190 565 1,625 1997 2011 35 years Brookdale West County Ballwin MO — 3,100 35,074 51 3,104 35,121 38,225 3,873 34,352 2012 2014 35 years Brookdale Evesham Voorhees Township NJ — 3,158 29,909 — 3,158 29,909 33,067 12,861 20,206 1987 2005 35 years Brookdale Westampton Westampton NJ — 881 4,741 — 881 4,741 5,622 2,039 3,583 1997 2005 35 years Brookdale Santa Fe Santa Fe NM — — 28,178 — — 28,178 28,178 11,878 16,300 1986 2005 35 years Brookdale Kenmore Buffalo NY 12,716 1,487 15,170 — 1,487 15,170 16,657 6,523 10,134 1995 2005 35 years Brookdale Clinton IL Clinton NY — 947 7,528 — 947 7,528 8,475 3,237 5,238 1991 2005 35 years Brookdale Manlius Manlius NY — 890 28,237 — 890 28,237 29,127 5,530 23,597 1994 2011 35 years Brookdale Pittsford Pittsford NY — 611 4,066 — 611 4,066 4,677 1,748 2,929 1997 2005 35 years Brookdale East Niskayuna Schenectady NY — 1,021 8,333 — 1,021 8,333 9,354 3,583 5,771 1997 2005 35 years Brookdale Niskayuna Schenectady NY 15,895 1,884 16,103 — 1,884 16,103 17,987 6,924 11,063 1996 2005 35 years Brookdale Summerfield Syracuse NY — 1,132 11,434 — 1,132 11,434 12,566 4,916 7,650 1991 2005 35 years Brookdale Williamsville Williamsville NY 6,574 839 3,841 — 839 3,841 4,680 1,652 3,028 1997 2005 35 years Brookdale Cary Cary NC — 724 6,466 — 724 6,466 7,190 2,780 4,410 1997 2005 35 years Brookdale Falling Creek Hickory NC — 330 10,981 — 330 10,981 11,311 2,187 9,124 1997 2011 35 years Brookdale Winston-Salem Winston-Salem NC — 368 3,497 — 368 3,497 3,865 1,504 2,361 1997 2005 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Brookdale Alliance Alliance OH 2,130 392 6,283 — 392 6,283 6,675 2,702 3,973 1998 2005 35 years Brookdale Austintown Austintown OH — 151 3,087 — 151 3,087 3,238 1,327 1,911 1999 2005 35 years Brookdale Barberton Barberton OH — 440 10,884 — 440 10,884 11,324 2,169 9,155 1997 2011 35 years Brookdale Beavercreek Beavercreek OH — 587 5,381 — 587 5,381 5,968 2,314 3,654 1998 2005 35 years Brookdale Centennial Park Clayton OH — 630 6,477 — 630 6,477 7,107 1,351 5,756 1997 2011 35 years Brookdale Westerville Columbus OH 1,768 267 3,600 — 267 3,600 3,867 1,548 2,319 1999 2005 35 years Brookdale Greenville AL/MC Greenville OH — 490 4,144 — 490 4,144 4,634 993 3,641 1997 2011 35 years Brookdale Marion AL/MC (OH) Marion OH — 620 3,306 — 620 3,306 3,926 769 3,157 1998 2011 35 years Brookdale Salem AL (OH) Salem OH — 634 4,659 — 634 4,659 5,293 2,003 3,290 1998 2005 35 years Brookdale Springdale Springdale OH — 1,140 9,134 — 1,140 9,134 10,274 1,844 8,430 1997 2011 35 years Brookdale Bartlesville South Bartlesville OK — 250 10,529 — 250 10,529 10,779 2,073 8,706 1997 2011 35 years Brookdale Bethany Bethany OK — 390 1,499 — 390 1,499 1,889 374 1,515 1994 2011 35 years Brookdale Broken Arrow Broken Arrow OK — 940 6,312 6,410 1,873 11,789 13,662 2,436 11,226 1996 2011 35 years Brookdale Forest Grove Forest Grove OR — 2,320 9,633 — 2,320 9,633 11,953 2,118 9,835 1994 2011 35 years Brookdale Mt. Hood Gresham OR — 2,410 9,093 — 2,410 9,093 11,503 2,001 9,502 1988 2011 35 years Brookdale McMinnville Town Center McMinnville OR 1,051 1,230 7,561 — 1,230 7,561 8,791 1,837 6,954 1989 2011 35 years Brookdale Denton North Denton TX — 1,750 6,712 — 1,750 6,712 8,462 1,372 7,090 1996 2011 35 years Brookdale Ennis Ennis TX — 460 3,284 — 460 3,284 3,744 727 3,017 1996 2011 35 years Brookdale Kerrville Kerrville TX — 460 8,548 — 460 8,548 9,008 1,706 7,302 1997 2011 35 years Brookdale Medical Center Whitby San Antonio TX — 1,400 10,051 — 1,400 10,051 11,451 2,031 9,420 1997 2011 35 years Brookdale Western Hills Temple TX — 330 5,081 — 330 5,081 5,411 1,079 4,332 1997 2011 35 years Brookdale Salem AL (VA) Salem VA — 1,900 16,219 — 1,900 16,219 18,119 6,696 11,423 1998 2011 35 years Brookdale Alderwood Lynnwood WA — 1,219 9,573 — 1,219 9,573 10,792 4,117 6,675 1999 2005 35 years Brookdale Puyallup South Puyallup WA 9,268 1,055 8,298 — 1,055 8,298 9,353 3,568 5,785 1998 2005 35 years Brookdale Richland Richland WA — 960 23,270 — 960 23,270 24,230 4,758 19,472 1990 2011 35 years Brookdale Park Place Spokane WA — 1,622 12,895 — 1,622 12,895 14,517 5,719 8,798 1915 2005 35 years Brookdale Allenmore AL Tacoma WA — 620 16,186 — 620 16,186 16,806 3,209 13,597 1997 2011 35 years Brookdale Allenmore - IL Tacoma WA — 1,710 3,326 — 1,710 3,326 5,036 999 4,037 1988 2011 35 years Brookdale Yakima Yakima WA — 860 15,276 — 860 15,276 16,136 3,120 13,016 1998 2011 35 years Brookdale Kenosha Kenosha WI — 551 5,431 2,772 551 8,203 8,754 3,077 5,677 2000 2005 35 years Brookdale LaCrosse MC La Crosse WI — 621 4,056 1,126 621 5,182 5,803 2,046 3,757 2004 2005 35 years Brookdale LaCrosse AL La Crosse WI — 644 5,831 2,637 644 8,468 9,112 3,215 5,897 1998 2005 35 years Brookdale Middleton Century Ave Middleton WI — 360 5,041 — 360 5,041 5,401 1,016 4,385 1997 2011 35 years Brookdale Onalaska Onalaska WI — 250 4,949 — 250 4,949 5,199 992 4,207 1995 2011 35 years Brookdale Sun Prairie Sun Prairie WI — 350 1,131 — 350 1,131 1,481 283 1,198 1994 2011 35 years TOTAL FOR BROOKDALE SENIORS HOUSING COMMUNITIES 199,135 185,427 1,768,730 79,303 186,298 1,847,162 2,033,460 655,647 1,377,813 SUNRISE SENIORS HOUSING COMMUNITIES Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Sunrise of Chandler Chandler AZ — 4,344 14,455 807 4,439 15,167 19,606 3,095 16,511 2007 2012 35 years Sunrise of Scottsdale Scottsdale AZ — 2,229 27,575 750 2,255 28,299 30,554 9,100 21,454 2007 2007 35 years Sunrise at River Road Tucson AZ — 2,971 12,399 435 3,000 12,805 15,805 2,421 13,384 2008 2012 35 years Sunrise of Lynn Valley Vancouver BC — 11,759 37,424 (8,888 ) 9,293 31,002 40,295 9,781 30,514 2002 2007 35 years Sunrise of Vancouver Vancouver BC — 6,649 31,937 996 6,662 32,920 39,582 10,728 28,854 2005 2007 35 years Sunrise of Victoria Victoria BC — 8,332 29,970 (6,486 ) 6,664 25,152 31,816 8,030 23,786 2001 2007 35 years Sunrise at La Costa Carlsbad CA — 4,890 20,590 1,549 5,030 21,999 27,029 7,600 19,429 1999 2007 35 years Sunrise of Carmichael Carmichael CA — 1,269 14,598 519 1,284 15,102 16,386 2,963 13,423 2009 2012 35 years Sunrise of Fair Oaks Fair Oaks CA — 1,456 23,679 2,283 2,506 24,912 27,418 8,255 19,163 2001 2007 35 years Sunrise of Mission Viejo Mission Viejo CA — 3,802 24,560 1,515 3,867 26,010 29,877 8,694 21,183 1998 2007 35 years Sunrise at Canyon Crest Riverside CA — 5,486 19,658 1,935 5,577 21,502 27,079 7,140 19,939 2006 2007 35 years Sunrise of Rocklin Rocklin CA — 1,378 23,565 967 1,411 24,499 25,910 7,971 17,939 2007 2007 35 years Sunrise of San Mateo San Mateo CA — 2,682 35,335 1,718 2,705 37,030 39,735 11,782 27,953 1999 2007 35 years Sunrise of Sunnyvale Sunnyvale CA — 2,933 34,361 1,186 2,969 35,511 38,480 11,427 27,053 2000 2007 35 years Sunrise at Sterling Canyon Valencia CA — 3,868 29,293 4,732 4,078 33,815 37,893 11,716 26,177 1998 2007 35 years Sunrise of Westlake Village Westlake Village CA — 4,935 30,722 1,133 5,031 31,759 36,790 10,254 26,536 2004 2007 35 years Sunrise at Yorba Linda Yorba Linda CA — 1,689 25,240 1,631 1,765 26,795 28,560 8,605 19,955 2002 2007 35 years Sunrise at Cherry Creek Denver CO — 1,621 28,370 1,475 1,721 29,745 31,466 9,675 21,791 2000 2007 35 years Sunrise at Pinehurst Denver CO — 1,417 30,885 2,090 1,653 32,739 34,392 11,123 23,269 1998 2007 35 years Sunrise at Orchard Littleton CO — 1,813 22,183 1,753 1,853 23,896 25,749 7,996 17,753 1997 2007 35 years Sunrise of Westminster Westminster CO — 2,649 16,243 1,696 2,792 17,796 20,588 5,986 14,602 2000 2007 35 years Sunrise of Stamford Stamford CT — 4,612 28,533 2,128 5,029 30,244 35,273 10,237 25,036 1999 2007 35 years Sunrise of Jacksonville Jacksonville FL — 2,390 17,671 335 2,420 17,976 20,396 3,541 16,855 2009 2012 35 years Sunrise at Ivey Ridge Alpharetta GA — 1,507 18,516 1,500 1,517 20,006 21,523 6,642 14,881 1998 2007 35 years Sunrise of Huntcliff Summit I Atlanta GA — 4,232 66,161 17,045 4,185 83,253 87,438 28,310 59,128 1987 2007 35 years Sunrise at Huntcliff Summit II Atlanta GA — 2,154 17,137 2,291 2,160 19,422 21,582 6,668 14,914 1998 2007 35 years Sunrise at East Cobb Marietta GA — 1,797 23,420 1,723 1,806 25,134 26,940 8,371 18,569 1997 2007 35 years Sunrise of Barrington Barrington IL — 859 15,085 595 892 15,647 16,539 3,114 13,425 2007 2012 35 years Sunrise of Bloomingdale Bloomingdale IL — 1,287 38,625 2,056 1,382 40,586 41,968 12,980 28,988 2000 2007 35 years Sunrise of Buffalo Grove Buffalo Grove IL — 2,154 28,021 1,547 2,339 29,383 31,722 9,652 22,070 1999 2007 35 years Sunrise of Lincoln Park Chicago IL — 3,485 26,687 2,205 3,504 28,873 32,377 8,753 23,624 2003 2007 35 years Sunrise of Naperville Naperville IL — 1,946 28,538 2,639 2,622 30,501 33,123 10,347 22,776 1999 2007 35 years Sunrise of Palos Park Palos Park IL — 2,363 42,205 1,278 2,394 43,452 45,846 14,012 31,834 2001 2007 35 years Sunrise of Park Ridge Park Ridge IL — 5,533 39,557 2,828 5,677 42,241 47,918 13,668 34,250 1998 2007 35 years Sunrise of Willowbrook Willowbrook IL — 1,454 60,738 2,651 2,080 62,763 64,843 18,572 46,271 2000 2007 35 years Sunrise on Old Meridian Carmel IN — 8,550 31,746 806 8,550 32,552 41,102 6,307 34,795 2009 2012 35 years Sunrise of Leawood Leawood KS — 651 16,401 906 768 17,190 17,958 3,146 14,812 2006 2012 35 years Sunrise of Overland Park Overland Park KS — 650 11,015 482 660 11,487 12,147 2,368 9,779 2007 2012 35 years Location Initial Cost to Company Gross Amount Carried at Close of Period Property Name City State / Province Encumbrances Land and Improvements Buildings and Improvements Costs Capitalized Subsequent to Acquisition Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Sunrise of Baton Rouge Baton Rouge LA — 1,212 23,547 1,606 1,382 24,983 26,365 8,192 18,173 2000 2007 35 years Sunrise of Arlington Arlington MA — 86 34,393 1,059 107 35,431 35,538 11,655 23,883 2001 2007 35 years Sunrise of Norwood Norwood MA — 2,230 30,968 2,053 2,306 32,945 35,251 10,707 24,544 1997 2007 35 years Sunrise of Columbia Columbia MD — 1,780 23,083 2,923 1,918 25,868 27,786 8,298 19,488 1996 2007 35 years Sunrise of Rockville Rockville MD — 1,039 39,216 2,660 1,066 41,849 42,915 12,915 30,000 1997 2007 35 years Sunrise of Bloomfield Bloomfield Hills MI — 3,736 27,657 1,981 3,860 29,514 33,374 9,478 23,896 2006 2007 35 years Sunrise of Cascade Grand Rapids MI — 1,273 21,782 609 1,364 22,300 23,664 4,256 19,408 2007 2012 35 years Sunrise of Northville Plymouth MI — 1,445 26,090 1,365 1,525 27,375 28,900 9,061 19,839 1999 2007 35 years Sunrise of Rochester Rochester MI — 2,774 38,666 1,284 2,846 39,878 42,724 12,877 29,847 1998 2007 35 years Sunrise of Troy Troy MI — 1,758 23,727 928 1,860 24,553 26,413 8,168 18,245 2001 2007 35 years Sunrise of Edina Edina MN — 3,181 24,224 2,915 3,270 27,050 30,320 9,050 21,270 1999 2007 35 years Sunrise on Providence Charlotte NC — 1,976 19,472 2,340 1,988 21,800 23,788 7,128 16,660 1999 2007 35 years Sunrise of East Brunswick East Brunswick NJ — 2,784 26,173 2,252 3,030 28,179 31,209 9,680 21,529 1999 2007 35 years Sunrise of Jackson Jackson NJ — 4,009 15,029 587 4,013 15,612 19,625 3,218 16,407 2008 2012 35 years Sunrise of Morris Plains Morris Plains NJ 17,488 1,492 32,052 2,003 1,569 33,978 35,547 11,078 24,469 1997 2007 35 years Sunrise of Old Tappan Old Tappan NJ 16,241 2,985 36,795 2,032 3,106 38,706 41,812 12,611 29,201 1997 2007 35 years Sunrise of Wall Wall Township NJ — 1,053 19,101 2,022 1,088 21,088 22,176 6,657 15,519 1999 2007 35 years Sunrise of Wayne Wayne NJ 12,901 1,288 24,990 2,475 1,304 27,449 28,753 8,907 19,846 1996 2007 35 years Sunrise of Westfield Westfield NJ 17,095 5,057 23,803 2,119 5,136 25,843 30,979 8,666 22,313 1996 2007 35 years Sunrise of Woodcliff Lake Woodcliff Lake NJ — 3,493 30,801 1,368 3,537 32,125 35,662 10,744 24,918 2000 2007 35 years Sunrise of North Lynbrook Lynbrook NY — 4,622 38,087 1,985 4,700 39,994 44,694 13,556 31,138 1999 2007 35 years Sunrise at Fleetwood Mount Vernon NY — 4,381 28,434 2,393 4,531 30,677 35,208 10,289 24,919 1999 2007 35 years Sunrise of New City New City NY — 1,906 27,323 1,764 1,950 29,043 30,993 9,584 21,409 1999 2007 35 years Sunrise of Smithtown Smithtown NY — 2,853 25,621 2,467 3,040 27,901 30,941 9,703 21,238 1999 2007 35 years Sunrise of Staten Island Staten Island NY — 7,237 23,910 438 7,288 24,297 31,585 10,408 21,177 2006 2007 35 years Sunrise at North Hills Raleigh NC — 749 37,091 5,417 849 42,408 43,257 13,895 29,362 2000 2007 35 years Sunrise at Parma Cleveland OH — 695 16,641 1,214 890 17,660 18,550 5,944 12,606 2000 2007 35 years Sunrise of Cuyahoga Falls Cuyahoga Falls OH — 626 10,239 1,542 783 11,624 12,407 4,064 8,343 2000 2007 35 years Sunrise of Aurora Aurora ON — 1,570 36,113 (6,664 ) 1,274 29,745 31,019 9,530 21,489 2002 2007 35 years Sunrise of Burlington Burlington ON — 1,173 24,448 832 1,192 25,261 26,453 7,976 18,477 2001 2007 35 years Sunrise of Unionville Markham ON — 2,322 41,140 (7,621 ) 1,908 33,933 35,841 10,824 25,017 2000 2007 35 years Sunrise of Mississauga Mississauga ON — 3,554 33,631 (6,495 ) 2,915 27,775 30,690 8,905 21,785 2000 2007 35 years Sunrise of Erin Mills Mississauga ON — 1,957 27,020 (5,045 ) 1,593 22,339 23,932 7,338 16,594 2007 2007 35 y

Schedule IV - Real Estate Mortg

Schedule IV - Real Estate Mortgage Loans	12 Months Ended
	Dec. 31, 2017
Mortgage Loans on Real Estate [Abstract]
Schedule IV - Real Estate Mortgage Loans	SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE December 31, 2017 Location Number of RE Assets Interest Rate Fixed / Variable Maturity Date Monthly Debt Service Face Value Net Book Value Prior Liens (In thousands) First Mortgages Multiple 3 9.77% V 6/30/2019 $ 137 $ 17,023 $ 17,023 $ — Ohio 5 8.13% V 10/1/2021 535 78,448 78,448 — Mezzanine Loans Multiple 31 9.95% F/V 2/6/2021 1,091 121,699 121,699 1,420,844 Multiple* 179 8.27% F/V 12/9/2019 2,138 290,099 290,099 1,560,415 Construction Loans Colorado 1 8.75% V 2/6/2021 437 59,045 58,606 — Total $ 4,338 $ 566,314 $ 565,875 $ 2,981,259 * The variable portion of this investment has a maturity date of 12/9/2018, with extension options to 12/9/2019. Mortgage Loan Reconciliation 2017 2016 2015 (In thousands) Beginning Balance $ 634,969 $ 784,821 $ 747,456 Additions: New Loans — 140,000 88,648 Construction Draws — 13,403 53,708 Total additions — 153,403 142,356 Deductions: Principal Repayments (68,655 ) (303,255 ) (99,467 ) Spin Off — — (5,524 ) Total deductions (68,655 ) (303,255 ) (104,991 ) Ending Balance $ 566,314 $ 634,969 $ 784,821

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying Consolidated Financial Statements include our accounts and the accounts of our wholly owned subsidiaries and the joint venture entities over which we exercise control. All intercompany transactions and balances have been eliminated in consolidation, and our net earnings are reduced by the portion of net earnings attributable to noncontrolling interests. U.S. generally accepted accounting principles (“GAAP”) requires us to identify entities for which control is achieved through means other than voting rights and to determine which business enterprise is the primary beneficiary of variable interest entities (“VIEs”). A VIE is broadly defined as an entity with one or more of the following characteristics: (a) the total equity investment at risk is insufficient to finance the entity’s activities without additional subordinated financial support; (b) as a group, the holders of the equity investment at risk lack (i) the ability to make decisions about the entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; and (c) the equity investors have voting rights that are not proportional to their economic interests, and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. We consolidate our investment in a VIE when we determine that we are its primary beneficiary. We may change our original assessment of a VIE upon subsequent events such as the modification of contractual arrangements that affects the characteristics or adequacy of the entity’s equity investments at risk and the disposition of all or a portion of an interest held by the primary beneficiary.
Variable Interest Entities	Principles of Consolidation The accompanying Consolidated Financial Statements include our accounts and the accounts of our wholly owned subsidiaries and the joint venture entities over which we exercise control. All intercompany transactions and balances have been eliminated in consolidation, and our net earnings are reduced by the portion of net earnings attributable to noncontrolling interests. U.S. generally accepted accounting principles (“GAAP”) requires us to identify entities for which control is achieved through means other than voting rights and to determine which business enterprise is the primary beneficiary of variable interest entities (“VIEs”). A VIE is broadly defined as an entity with one or more of the following characteristics: (a) the total equity investment at risk is insufficient to finance the entity’s activities without additional subordinated financial support; (b) as a group, the holders of the equity investment at risk lack (i) the ability to make decisions about the entity’s activities through voting or similar rights, (ii) the obligation to absorb the expected losses of the entity, or (iii) the right to receive the expected residual returns of the entity; and (c) the equity investors have voting rights that are not proportional to their economic interests, and substantially all of the entity’s activities either involve, or are conducted on behalf of, an investor that has disproportionately few voting rights. We consolidate our investment in a VIE when we determine that we are its primary beneficiary. We may change our original assessment of a VIE upon subsequent events such as the modification of contractual arrangements that affects the characteristics or adequacy of the entity’s equity investments at risk and the disposition of all or a portion of an interest held by the primary beneficiary. We identify the primary beneficiary of a VIE as the enterprise that has both: (i) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits of the VIE that could be significant to the entity. We perform this analysis on an ongoing basis. As it relates to investments in joint ventures, GAAP may preclude consolidation by the sole general partner in certain circumstances based on the type of rights held by the limited partner(s). We assess limited partners’ rights and their impact on our consolidation conclusions, and we reassess if there is a change to the terms or in the exercisability of the rights of the limited partners, the sole general partner increases or decreases its ownership of limited partnership interests, or there is an increase or decrease in the number of outstanding limited partnership interests. We also apply this guidance to managing member interests in limited liability companies. We consolidate several VIEs that share the following common characteristics: • the VIE is in the legal form of an LP or LLC; • the VIE was designed to own and manage its underlying real estate investments; • we are the general partner or managing member of the VIE; • we own a majority of the voting interests in the VIE; • a minority of voting interests in the VIE are owned by external third parties, unrelated to us; • the minority owners do not have substantive kick-out or participating rights in the VIE; and • we are the primary beneficiary of the VIE. We have separately identified certain special purpose entities that were established to allow investments in life science projects by tax credit investors (“TCIs”). We have determined that these special purpose entities are VIEs and that we are the primary beneficiary of the VIEs, and therefore we consolidate these special purpose entities. Our primary beneficiary determination is based upon several factors, including but not limited to the rights we have in directing the activities which most significantly impact the VIEs’ economic performance as well as certain guarantees which protect the TCIs from losses should a tax credit recapture event occur. In general, the assets of the consolidated VIEs are available only for the settlement of the obligations of the respective entities. Unless otherwise required by the LP or LLC agreement, any mortgage loans of the consolidated VIEs are non-recourse to us. The table below summarizes the total assets and liabilities of our consolidated VIEs as reported on our Consolidated Balance Sheets. December 31, 2017 December 31, 2016 Total Assets Total Liabilities Total Assets Total Liabilities (In thousands) NHP/PMB L.P. $ 605,150 $ 199,958 $ 639,763 $ 199,674 Ventas Realty Capital Healthcare Trust Operating Partnership, L.P. — — 2,143,139 162,426 Other identified VIEs 1,983,124 349,961 1,882,336 354,034 Tax credit VIEs 988,598 221,908 981,752 234,109
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities We report investments in unconsolidated entities over whose operating and financial policies we have the ability to exercise significant influence under the equity method of accounting. Under this method of accounting, our share of the investee’s earnings or losses is included in our Consolidated Statements of Income. We base the initial carrying value of investments in unconsolidated entities on the fair value of the assets at the time we acquired the joint venture interest. We estimate fair values for our equity method investments based on discounted cash flow models that include all estimated cash inflows and outflows over a specified holding period and, where applicable, any estimated debt premiums or discounts. The capitalization rates, discount rates and credit spreads we use in these models are based upon assumptions that we believe to be within a reasonable range of current market rates for the respective investments. We generally amortize any difference between our cost basis and the basis reflected at the joint venture level, if any, over the lives of the related assets and liabilities and include that amortization in our share of income or loss from unconsolidated entities. For earnings of equity method investments with pro rata distribution allocations, net income or loss is allocated between the partners in the joint venture based on their respective stated ownership percentages. In other instances, net income or loss is allocated between the partners in the joint venture based on the hypothetical liquidation at book value method (the “HLBV method”). Under the HLBV method, net income or loss is allocated between the partners based on the difference between each partner’s claim on the net assets of the joint venture at the end and beginning of the period, after taking into account contributions and distributions. Each partner’s share of the net assets of the joint venture is calculated as the amount that the partner would receive if the joint venture were to liquidate all of its assets at net book value and distribute the resulting cash to creditors and partners in accordance with their respective priorities. Under this method, in any given period, we could record more or less income than the joint venture has generated, than actual cash distributions received or than the amount we may receive in the event of an actual liquidation.
Redeemable OP Unitholder and Noncontrolling Interests	Redeemable OP Unitholder and Noncontrolling Interests We own a majority interest in NHP/PMB L.P. (“NHP/PMB”), a limited partnership formed in 2008 to acquire properties from entities affiliated with Pacific Medical Buildings LLC. We consolidate NHP/PMB, as our wholly owned subsidiary is the general partner and the primary beneficiary of this VIE. As of December 31, 2017 , third party investors owned 2.7 million Class A limited partnership units in NHP/PMB (“OP Units”), which represented 27.2% of the total units then outstanding, and we owned 7.2 million Class B limited partnership units in NHP/PMB, representing the remaining 72.8% . At any time following the first anniversary of the date of their issuance, the OP Units may be redeemed at the election of the holder for cash or, at our option, 0.9051 shares of our common stock per OP Unit, subject to further adjustment in certain circumstances. We are party by assumption to a registration rights agreement with the holders of the OP Units that requires us, subject to the terms and conditions and certain exceptions set forth therein, to file and maintain a registration statement relating to the issuance of shares of our common stock upon redemption of OP Units. Prior to January 2017, we owned a majority interest in Ventas Realty Capital Healthcare Trust Operating Partnership, L.P. (“Ventas Realty OP”) and we consolidated this entity, as our wholly owned subsidiary is the general partner, and was the primary beneficiary of this VIE. In January 2017, third party investors redeemed the remaining 341,776 limited partnership units (“Class C Units”) outstanding for 341,776 shares of Ventas common stock, valued at $20.9 million . After giving effect to such redemptions, Ventas Realty OP is our wholly owned subsidiary. As redemption rights are outside of our control, the redeemable OP Units and Class C Units (together, the “OP Unitholder Interests”) are classified outside of permanent equity on our Consolidated Balance Sheets. We reflect the redeemable OP Unitholder Interests at the greater of cost or fair value. As of December 31, 2017 and 2016 , the fair value of the redeemable OP Unitholder Interests was $146.3 million and $ 177.2 million , respectively. We recognize changes in fair value through capital in excess of par value, net of cash distributions paid and purchases by us of any OP Unitholder Interests. Our diluted earnings per share (“EPS”) includes the effect of any potential shares outstanding from redemption of the OP Unitholder Interests. Certain noncontrolling interests of other consolidated joint ventures were also classified as redeemable at December 31, 2017 and 2016 . Accordingly, we record the carrying amount of these noncontrolling interests at the greater of their initial carrying amount (increased or decreased for the noncontrolling interests’ share of net income or loss and distributions) or the redemption value. Our joint venture partners have certain redemption rights with respect to their noncontrolling interests in these joint ventures that are outside of our control, and the redeemable noncontrolling interests are classified outside of permanent equity on our Consolidated Balance Sheets. We recognize changes in the carrying value of redeemable noncontrolling interests through capital in excess of par value. Noncontrolling Interests Excluding the redeemable noncontrolling interests described above, we present the portion of any equity that we do not own in entities that we control (and thus consolidate) as noncontrolling interests and classify those interests as a component of consolidated equity, separate from total Ventas stockholders’ equity, on our Consolidated Balance Sheets. For consolidated joint ventures with pro rata distribution allocations, net income or loss is allocated between the joint venture partners based on their respective stated ownership percentages. In other cases, net income or loss is allocated between the joint venture partners based on the HLBV method. We account for purchases or sales of equity interests that do not result in a change of control as equity transactions, through capital in excess of par value. In addition, we include net income attributable to the noncontrolling interests in net income in our Consolidated Statements of Income.
Federal Income Tax	Federal Income Tax We have elected to be treated as a REIT under the applicable provisions of the Internal Revenue Code of 1986, as amended (the “Code”), for every year beginning with the year ended December 31, 1999. Accordingly, we generally are not subject to federal income tax on net income that we distribute to our stockholders, provided that we continue to qualify as a REIT. However, with respect to certain of our subsidiaries that have elected to be treated as taxable REIT subsidiaries (“TRS” or “TRS entities”), we record income tax expense or benefit, as those entities are subject to federal income tax similar to regular corporations. Certain foreign subsidiaries are subject to foreign income tax, although they did not elect to be treated as TRSs. We account for deferred income taxes using the asset and liability method and recognize deferred tax assets and liabilities for the expected future tax consequences of events that have been included in our financial statements or tax returns. Under this method, we determine deferred tax assets and liabilities based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Any increase or decrease in the deferred tax liability that results from a change in circumstances, and that causes us to change our judgment about expected future tax consequences of events, is included in the tax provision when such changes occur. Deferred income taxes also reflect the impact of operating loss and tax credit carryforwards. A valuation allowance is provided if we believe it is more likely than not that all or some portion of the deferred tax asset will not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances, and that causes us to change our judgment about the realizability of the related deferred tax asset, is included in the tax provision when such changes occur. We recognize the tax benefit from an uncertain tax position claimed or expected to be claimed on a tax return only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. We recognize interest and penalties, if applicable, related to uncertain tax positions as part of income tax benefit or expense. Accounting for Historic and New Markets Tax Credits For certain of our life science and innovation centers, we are party to certain contractual arrangements with TCIs that were established to enable the TCIs to receive benefits of historic tax credits (“HTCs”) and/or new market tax credits (“NMTCs”). As of December 31, 2017 , we own 11 properties that had syndicated HTCs or NMTCs, or both, to TCIs. In general, capital contributions are made by TCIs into special purpose entities that invest in entities that own the subject property and generate the tax credits. The TCIs receive substantially all of the tax credits and hold only a noncontrolling interest in the economic risk and benefits of the special purpose entities. HTCs are delivered to the TCIs upon substantial completion of the project. NMTCs are allowed for up to 39% of a qualified investment and are delivered to the TCIs after the investment has been funded and spent on a qualified business. HTCs are subject to 20% recapture per year beginning one year after the completion of the historic rehabilitation of the subject property. NMTCs are subject to 100% recapture until the end of the seventh year following the qualifying investment. We have provided the TCIs with certain guarantees which protect the TCIs from losses should a tax credit recapture event occur. The contractual arrangements with the TCIs include a put/call provision whereby we may be obligated or entitled to repurchase the ownership interest of the TCIs in the special purpose entities at the end of the tax credit recapture period. We anticipate that either the TCIs will exercise their put rights or we will exercise our call rights prior to the applicable tax credit recapture periods. The portion of the TCI’s capital contribution that is attributed to the put is recorded at fair value at inception in accounts payable and other liabilities on our Consolidated Balance Sheets, and is accreted to the expected put price as interest expense in our Consolidated Statements of Income over the recapture period. The remaining balance of the TCI’s capital contribution is initially recorded in accounts payable and other liabilities on our Consolidated Balance Sheets and will be relieved upon delivery of the tax credit to the TCI, as a reduction in the carrying value of the subject property, net of allocated expenses. Direct and incremental costs incurred in structuring the transaction are deferred and will be recognized as an increase in the cost basis of the subject property upon the recognition of the related tax credit as discussed above.
Accounting Estimates	Accounting Estimates The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions regarding future events that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Accounting for Real Estate Acquisitions	Accounting for Real Estate Acquisitions On January 1, 2017, we adopted Accounting Standards Update (“ASU”) 2017-01, Clarifying the Definition of a Business (“ASU 2017-01”) which narrows the Financial Accounting Standards Board’s (“FASB”) definition of a business and provides a framework that gives entities a basis for making reasonable judgments about whether a transaction involves an asset or a business. ASU 2017-01 states that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, the acquired asset is not a business. If this initial test is not met, an acquired asset cannot be considered a business unless it includes an input and a substantive process that together significantly contribute to the ability to create output. The primary differences between business combinations and asset acquisitions include recognition of goodwill at the acquisition date and expense recognition for transaction costs as incurred. We are applying ASU 2017-01 prospectively for acquisitions after January 1, 2017. Regardless of whether an acquisition is considered a business combination or an asset acquisition, we record the cost of the businesses or assets acquired as tangible and intangible assets and liabilities based upon their estimated fair values as of the acquisition date. Intangibles primarily include the value of in-place leases and acquired lease contracts. We estimate the fair value of buildings acquired on an as-if-vacant basis or replacement cost basis and depreciate the building value over the estimated remaining life of the building, generally not to exceed 35 years . We determine the fair value of other fixed assets, such as site improvements and furniture, fixtures and equipment, based upon the replacement cost and depreciate such value over the assets’ estimated remaining useful lives as determined at the applicable acquisition date. We determine the value of land either by considering the sales prices of similar properties in recent transactions or based on internal analyses of recently acquired and existing comparable properties within our portfolio. We generally determine the value of construction in progress based upon the replacement cost. However, for certain acquired properties that are part of a ground-up development, we determine fair value by using the same valuation approach as for all other properties and deducting the estimated cost to complete the development. During the remaining construction period, we capitalize project costs until the development has reached substantial completion. Construction in progress, including capitalized interest, is not depreciated until the development has reached substantial completion. The fair value of acquired lease-related intangibles, if any, reflects: (i) the estimated value of any above and/or below market leases, determined by discounting the difference between the estimated market rent and in-place lease rent; and (ii) the estimated value of in-place leases related to the cost to obtain tenants, including leasing commissions, and an estimated value of the absorption period to reflect the value of the rent and recovery costs foregone during a reasonable lease-up period as if the acquired space was vacant. We amortize any acquired lease-related intangibles to revenue or amortization expense over the remaining life of the associated lease plus any assumed bargain renewal periods. If a lease is terminated prior to its stated expiration or not renewed upon expiration, we recognize all unamortized amounts of lease-related intangibles associated with that lease in operations at that time. We estimate the fair value of purchase option intangible assets and liabilities, if any, by discounting the difference between the applicable property’s acquisition date fair value and an estimate of its future option price. We do not amortize the resulting intangible asset or liability over the term of the lease, but rather adjust the recognized value of the asset or liability upon sale. We estimate the fair value of tenant or other customer relationships acquired, if any, by considering the nature and extent of existing relationships with the tenant or customer, growth prospects for developing new business with the tenant or customer, the tenant’s credit quality, expectations of lease renewals with the tenant, and the potential for significant, additional future leasing arrangements with the tenant, and we amortize that value over the expected life of the associated arrangements or leases, including the remaining terms of the related leases and any expected renewal periods. We estimate the fair value of trade names and trademarks using a royalty rate methodology and amortize that value over the estimated useful life of the trade name or trademark. In connection with an acquisition, we may assume rights and obligations under certain lease agreements pursuant to which we become the lessee of a given property. We generally assume the lease classification previously determined by the prior lessee absent a modification in the assumed lease agreement. We assess assumed operating leases, including ground leases, to determine whether the lease terms are favorable or unfavorable to us given current market conditions on the acquisition date. To the extent the lease terms are favorable or unfavorable to us relative to market conditions on the acquisition date, we recognize an intangible asset or liability at fair value and amortize that asset or liability to interest or rental expense in our Consolidated Statements of Income over the applicable lease term. We include all lease-related intangible assets and liabilities within acquired lease intangibles and accounts payable and other liabilities, respectively, on our Consolidated Balance Sheets. We determine the fair value of loans receivable acquired by discounting the estimated future cash flows using current interest rates at which similar loans with the same terms and length to maturity would be made to borrowers with similar credit ratings. We do not establish a valuation allowance at the acquisition date because the estimated future cash flows already reflect our judgment regarding their uncertainty. We recognize the difference between the acquisition date fair value and the total expected cash flows as interest income using an effective interest method over the life of the applicable loan. Subsequent to the acquisition date, we evaluate changes regarding the uncertainty of future cash flows and the need for a valuation allowance, as appropriate. We estimate the fair value of noncontrolling interests assumed consistent with the manner in which we value all of the underlying assets and liabilities. We calculate the fair value of long-term assumed debt by discounting the remaining contractual cash flows on each instrument at the current market rate for those borrowings, which we approximate based on the rate at which we would expect to incur a replacement instrument on the date of acquisition, and recognize any fair value adjustments related to long-term debt as effective yield adjustments over the remaining term of the instrument.
Impairment of Long-Lived and Intangible Assets	Impairment of Long-Lived and Intangible Assets We periodically evaluate our long-lived assets, primarily consisting of investments in real estate, 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, we consider market conditions and our current intentions with respect to holding or disposing of the asset. We adjust the net book value of leased properties and other long-lived assets to fair value if the sum of the expected future undiscounted cash flows, including sales proceeds, is less than book value. We recognize an impairment loss at the time we make any such determination. If impairment indicators arise with respect to intangible assets with finite useful lives, we evaluate impairment by comparing the carrying amount of the asset to the estimated future undiscounted net cash flows expected to be generated by the asset. If estimated future undiscounted net cash flows are less than the carrying amount of the asset, then we estimate the fair value of the asset and compare the estimated fair value to the intangible asset’s carrying value. We recognize any shortfall from carrying value as an impairment loss in the current period. We evaluate our investments in unconsolidated entities for impairment at least annually, and whenever events or changes in circumstances indicate that the carrying value of our investment may exceed its fair value. If we determine that a decline in the fair value of our investment in an unconsolidated entity is other-than-temporary, and if such reduced fair value is below the carrying value, we record an impairment. We test goodwill for impairment at least annually, and more frequently if indicators arise. We first assess qualitative factors, such as current macroeconomic conditions, state of the equity and capital markets and our overall financial and operating performance, to determine the likelihood that the fair value of a reporting unit is less than its carrying amount. If we determine it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we proceed with the two-step approach to evaluating impairment. First, we estimate the fair value of the reporting unit and compare it to the reporting unit’s carrying value. If the carrying value exceeds fair value, we proceed with the second step, which requires us to assign the fair value of the reporting unit to all of the assets and liabilities of the reporting unit as if it had been acquired in a business combination at the date of the impairment test. The excess fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied value of goodwill and is used to determine the amount of impairment. We recognize an impairment loss to the extent the carrying value of goodwill exceeds the implied value in the current period. Estimates of fair value used in our evaluation of goodwill (if necessary based on our qualitative assessment), investments in real estate, investments in unconsolidated entities and intangible assets are based upon discounted future cash flow projections or other acceptable valuation techniques that are based, in turn, upon all available evidence including level three inputs, such as revenue and expense growth rates, estimates of future cash flows, capitalization rates, discount rates, general economic conditions and trends, or other available market data. Our ability to accurately predict future operating results and cash flows and to estimate and determine fair values impacts the timing and recognition of impairments. While we believe our assumptions are reasonable, changes in these assumptions may have a material impact on our financial results.
Assets Held-for-Sale and Discontinued Operations	Assets Held for Sale and Discontinued Operations We sell properties from time to time for various reasons, including favorable market conditions or the exercise of purchase options by tenants. We classify certain long-lived assets as held for sale once the criteria, as defined by GAAP, has been met. Long-lived assets to be disposed of are reported at the lower of their carrying amount or fair value minus cost to sell and are no longer depreciated. We report discontinued operations when the following criteria are met: (1) a component of an entity or group of components that has been disposed of or classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results; or (2) an acquired business that is classified as held for sale on the acquisition date. Assets relating to the CCP Spin-Off were reported as discontinued operations once the transaction was completed. The results of operations for assets meeting the definition of discontinued operations are reflected in our Consolidated Statements of Income as discontinued operations for all periods presented. We allocate estimated interest expense to discontinued operations based on property values and our weighted average interest rate or the property’s actual mortgage interest.
Loans Receivable	Loans Receivable We record loans receivable, other than those acquired in connection with a business combination, on our Consolidated Balance Sheets (either in secured loans receivable and investments, net or other assets, in the case of non-mortgage loans receivable) at the unpaid principal balance, net of any deferred origination fees, purchase discounts or premiums and valuation allowances. We amortize net deferred origination fees, which are comprised of loan fees collected from the borrower net of certain direct costs, and purchase discounts or premiums over the contractual life of the loan using the effective interest method and immediately recognize in income any unamortized balances if the loan is repaid before its contractual maturity. We regularly evaluate the collectibility of loans receivable based on factors such as corporate and facility-level financial and operational reports, compliance with financial covenants set forth in the applicable loan agreement, the financial strength of the borrower and any guarantor, the payment history of the borrower and current economic conditions. If our evaluation of these factors indicates it is probable that we will be unable to collect all amounts due under the terms of the applicable loan agreement, we provide a reserve against the portion of the receivable that we estimate may not be collected.
Cash Equivalents	Cash Equivalents Cash equivalents consist of highly liquid investments with a maturity date of three months or less when purchased. These investments are stated at cost, which approximates fair value.
Escrow Deposits and Restricted Cash	Escrow Deposits and Restricted Cash Escrow deposits consist of amounts held by us or our lenders to provide for future real estate tax, insurance expenditures and tenant improvements related to our properties and operations. Restricted cash generally represents amounts paid to us for security deposits and other similar purposes.
Deferred Financing Costs	Deferred Financing Costs We amortize deferred financing costs, which are reported within senior notes payable and other debt on our Consolidated Balance Sheets, as a component of interest expense over the terms of the related borrowings using a method that approximates a level yield. Amortized costs of approximately $18.9 million , $17.9 million and $18.7 million were included in interest expense for the years ended December 31, 2017 , 2016 and 2015 , respectively.
Marketable Debt and Equity Securities	Marketable Debt and Equity Securities We record marketable debt and equity securities as available-for-sale and classify them as a component of other assets on our Consolidated Balance Sheets (other than our interests in government-sponsored pooled loan investments, which are classified as secured loans receivable and investments, net on our Consolidated Balance Sheets). We record these securities at fair value and include unrealized gains and losses recorded in stockholders’ equity as a component of accumulated other comprehensive income on our Consolidated Balance Sheets. We report interest income, including discount or premium amortization, on marketable debt securities and gains or losses on securities sold, which are based on the specific identification method, in income from loans and investments in our Consolidated Statements of Income.
Derivative Instruments	Derivative Instruments We recognize all derivative instruments in other assets or accounts payable and other liabilities on our Consolidated Balance Sheets at fair value as of the reporting date. We recognize changes in the fair value of derivative instruments in other expenses in our Consolidated Statements of Income or accumulated other comprehensive income on our Consolidated Balance Sheets, depending on the intended use of the derivative and our designation of the instrument. We do not use our derivative financial instruments, including interest rate caps, interest rate swaps and foreign currency forward contracts, for trading or speculative purposes. Our foreign currency forward contracts and certain of our interest rate swaps (including the interest rate swap contracts of unconsolidated joint ventures) are designated as effectively hedging the variability of expected cash flows related to their underlying securities and, therefore, also are recorded on our Consolidated Balance Sheets at fair value, with changes in the fair value of these instruments recognized in accumulated other comprehensive income on our Consolidated Balance Sheets. We recognize our proportionate share of the change in fair value of swap contracts of our unconsolidated joint ventures in accumulated other comprehensive income on our Consolidated Balance Sheets. Certain of our other interest rate swaps and rate caps were not designated as having a hedging relationship with the underlying securities and therefore do not meet the criteria for hedge accounting under GAAP. Accordingly, these interest rate swaps are recorded on our Consolidated Balance Sheets at fair value, and we recognize changes in the fair value of these instruments in current earnings (in other expenses) in our Consolidated Statements of Income.
Fair Values of Financial Instruments	Fair Values of Financial Instruments Fair value is a market-based measurement, not an entity-specific measurement, and we determine fair value based on the assumptions that we expect market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, GAAP establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within levels one and two of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within level three of the hierarchy). Level one inputs utilize unadjusted quoted prices for identical assets or liabilities in active markets that we have the ability to access. Level two inputs are inputs other than quoted prices included in level one that are directly or indirectly observable for the asset or liability. Level two inputs may include quoted prices for similar assets and liabilities in active markets and other inputs for the asset or liability that are observable at commonly quoted intervals, such as interest rates, foreign exchange rates and yield curves. Level three inputs are unobservable inputs for the asset or liability, which typically are based on our own assumptions, because there is little, if any, related market activity. If the determination of the fair value measurement is based on inputs from different levels of the hierarchy, the level within which the entire fair value measurement falls is the lowest level input that is significant to the fair value measurement in its entirety. If the volume and level of market activity for an asset or liability has decreased significantly relative to the normal market activity for such asset or liability (or similar assets or liabilities), then transactions or quoted prices may not accurately reflect fair value. In addition, if there is evidence that a transaction for an asset or liability is not orderly, little, if any, weight is placed on that transaction price as an indicator of fair value. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. We use the following methods and assumptions in estimating the fair value of our financial instruments. • Cash and cash equivalents - The carrying amount of unrestricted cash and cash equivalents reported on our Consolidated Balance Sheets approximates fair value due to the short maturity of these instruments. • Escrow deposits and restricted cash - The carrying amount of escrow deposits and restricted cash reported on our Consolidated Balance Sheets approximates fair value due to the short maturity of these instruments. • Loans receivable - We estimate the fair value of loans receivable using level two and level three inputs. We discount future cash flows using current interest rates at which similar loans with the same terms and length to maturity would be made to borrowers with similar credit ratings. • Marketable debt securities - We estimate the fair value of corporate bonds, if any, using level two inputs. We observe quoted prices for similar assets or liabilities in active markets that we have the ability to access. We estimate the fair value of certain government-sponsored pooled loan investments using level three inputs. We consider credit spreads, underlying asset performance and credit quality, and default rates. • Derivative instruments - With the assistance of a third party, we estimate the fair value of derivative instruments, including interest rate caps, interest rate swaps, and foreign currency forward contracts using level two inputs. ◦ Interest rate caps - We observe forward yield curves and other relevant information; ◦ Interest rate swaps - We observe alternative financing rates derived from market-based financing rates, forward yield curves and discount rates; and ◦ Foreign currency forward contracts - We estimate the future values of the two currency tranches using forward exchange rates that are based on traded forward points and calculate a present value of the net amount using a discount factor based on observable traded interest rates. • Senior notes payable and other debt - We estimate the fair value of senior notes payable and other debt using level two inputs. We discount the future cash flows using current interest rates at which we could obtain similar borrowings. For mortgage debt, we may estimate fair value using level three inputs, similar to those used in determining fair value of loans receivable (above). • Redeemable OP unitholder interests - We estimate the fair value of our redeemable OP Unitholder Interests using level one inputs. We base fair value on the closing price of our common stock, as OP Units (and previously Class C Units) may be redeemed at the election of the holder for cash or, at our option, shares of our common stock, subject to adjustment in certain circumstances.
Revenue Recognition	Revenue Recognition Triple-Net Leased Properties and Office Operations Certain of our triple-net leases and most of our MOB and life science and innovation center (collectively, “office operations”) leases provide for periodic and determinable increases in base rent. We recognize base rental revenues under these leases on a straight-line basis over the applicable lease term when collectability is reasonably assured. Recognizing rental income on a straight-line basis generally results in recognized revenues during the first half of a lease term exceeding the cash amounts contractually due from our tenants, creating a straight-line rent receivable that is included in other assets on our Consolidated Balance Sheets. At December 31, 2017 and 2016 , this cumulative excess totaled $267.6 million (net of allowances of $117.8 million ) and $244.6 million (net of allowances of $109.8 million ), respectively (excluding properties classified as held for sale). Certain of our leases provide for periodic increases in base rent only if certain revenue parameters or other substantive contingencies are met. We recognize the increased rental revenue under these leases as the related parameters or contingencies are met, rather than on a straight-line basis over the applicable lease term. Senior Living Operations We recognize resident fees and services, other than move-in fees, monthly as services are provided. We recognize move-in fees on a straight-line basis over the average resident stay. Our lease agreements with residents generally have terms of 12 to 18 months and are cancelable by the resident upon 30 days’ notice. Other We recognize interest income from loans and investments, including discounts and premiums, using the effective interest method when collectibility is reasonably assured. We apply the effective interest method on a loan-by-loan basis and recognize discounts and premiums as yield adjustments over the related loan term. We recognize interest income on an impaired loan to the extent our estimate of the fair value of the collateral is sufficient to support the balance of the loan, other receivables and all related accrued interest. When the balance of the loan, other receivables and all related accrued interest is equal to or less than our estimate of the fair value of the collateral, we recognize interest income on a cash basis. We provide a reserve against an impaired loan to the extent our total investment in the loan exceeds our estimate of the fair value of the loan collateral. We recognize income from rent, lease termination fees, development services, management advisory services and all other income when all of the following criteria are met in accordance with Securities and Exchange Commission (“SEC”) Staff Accounting Bulletin 104: (i) the applicable agreement has been fully executed and delivered; (ii) services have been rendered; (iii) the amount is fixed or determinable; and (iv) collectibility is reasonably assured. Allowances We assess the collectibility of our rent receivables, including straight-line rent receivables. We base our assessment of the collectibility of rent receivables (other than straight-line rent receivables) on several factors, including, among other things, payment history, the financial strength of the tenant and any guarantors, the value of the underlying collateral, if any, and current economic conditions. If our evaluation of these factors indicates it is probable that we will be unable to recover the full value of the receivable, we provide a reserve against the portion of the receivable that we estimate may not be recovered. We base our assessment of the collectibility of straight-line rent receivables on several factors, including, among other things, the financial strength of the tenant and any guarantors, the historical operations and operating trends of the property, the historical payment pattern of the tenant and the type of property. If our evaluation of these factors indicates it is probable that we will be unable to receive the rent payments due in the future, we provide a reserve against the recognized straight-line rent receivable asset for the portion, up to its full value, that we estimate may not be recovered. If we change our assumptions or estimates regarding the collectibility of future rent payments required by a lease, we may adjust our reserve to increase or reduce the rental revenue recognized in the period we make such change in our assumptions or estimates.
Stock-Based Compensation	Stock-Based Compensation We recognize share-based payments to employees and directors, including grants of stock options, included in general, administrative and professional fees in our Consolidated Statements of Income generally on a straight-line basis over the requisite service period based on the grant date fair value of the award.
Gain on Sale of Assets	Gain on Sale of Assets We recognize sales of assets only upon the closing of the transaction with the purchaser. We record payments received from purchasers prior to closing as deposits and classify them as other assets on our Consolidated Balance Sheets. We recognize gains (net of any taxes) on assets sold using the full accrual method upon closing if the collectibility 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 have been satisfied. We may defer recognition of gains in whole or in part until: (i) the profit is determinable, meaning that the collectibility of the sales price is reasonably assured or the amount that will not be collectible can be estimated; and (ii) the earnings process is virtually complete, meaning that we are not obliged to perform any significant activities after the sale to earn the profit.
Foreign Currency	Foreign Currency Certain of our subsidiaries’ functional currencies are the local currencies of their respective foreign jurisdictions. We translate the results of operations of our foreign subsidiaries into U.S. dollars using average rates of exchange in effect during the period, and we translate balance sheet accounts using exchange rates in effect at the end of the period. We record resulting currency translation adjustments in accumulated other comprehensive income, a component of stockholders’ equity, on our Consolidated Balance Sheets, and we record foreign currency transaction gains and losses in other expense in our Consolidated Statements of Income.
Segment Reporting	Segment Reporting As of December 31, 2017 , 2016 and 2015 , we operated through three reportable business segments: triple-net leased properties, senior living operations and office operations. Under our triple-net leased properties segment, we invest in and own seniors housing and healthcare properties throughout the United States and the United Kingdom and lease those properties to healthcare operating companies under “triple-net” or “absolute-net” leases that obligate the tenants to pay all property-related expenses. In our senior living operations segment, we invest in seniors housing communities throughout the United States and Canada and engage independent operators, such as Atria and Sunrise, to manage those communities. In our office operations segment, we primarily acquire, own, develop, lease and manage MOBs and life science and innovation centers throughout the United States. See “ NOTE 19—SEGMENT INFORMATION .”
Operating Leases	Operating Leases We account for payments made pursuant to operating leases in our Consolidated Statements of Income based on actual rent paid, plus or minus a straight-line rent adjustment for leases that provide for periodic and determinable increases in base rent.
Recently Issued or Adopted Accounting Standards	Recently Issued or Adopted Accounting Standards On January 1, 2017, we adopted ASU 2016-09, Compensation - Stock Compensation (“ASU 2016-09”) which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. Adoption of ASU 2016-09 did not have a significant impact on our Consolidated Financial Statements . In 2014, the FASB issued ASU 2014-09, Revenue From Contracts With Customers (“ASU 2014-09”, as codified in “ASC 606”), which outlines a comprehensive model for entities to use in accounting for revenue arising from contracts with customers. ASC 606 states that “an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” While ASC 606 specifically references contracts with customers, it also applied to other transactions such as the sale of real estate. ASC 606 is effective for us beginning January 1, 2018 and we plan to adopt ASC 606 using the modified retrospective method. We have evaluated all of our revenue streams to identify whether each revenue stream would be subject to the provisions of ASC 606 and any differences in the timing, measurement or presentation of revenue recognition. Based on a review of our various revenue streams, we believe the following items in our Consolidated Statements of Income are subject to ASC 606: office building and other services revenue, certain elements of our resident fees and services and gains on the sale of real estate. Our office building and other services revenues are primarily generated by management contracts where we provide management, leasing, marketing, facility development and advisory services. Resident fees and services primarily include amounts related to resident leases (subject to ASC 840, Leases ) but also includes revenues generated through point-of-sale transactions that are ancillary to the residents’ contractual rights to occupy living and common-area space at the communities. While these revenue streams are subject to the provisions of ASC 606, we believe that the pattern and timing of recognition of income will be consistent with the current accounting model. As it relates to gains on sale of real estate, we will apply the provisions of ASC 610-20, Gain or Loss From Derecognition of Non-financial Assets (“ASC 610-20”) , an d we expect to recognize any gains when we transfer control of a property and when it is probable that we will collect substantially all of the related consideration. We will no longer apply existing sales criteria in ASC 360, Property, Plant, and Equipment. We will recognize on January 1, 2018, through a cumulative effect adjustment to retained earnings, $31.2 million of deferred gains relating to sales of real estate assets in 2015. Other than the cumulative effect adjustment relating to such deferred gains, the adoption of ASC 606 and ASC 610-20 will not have a significant impact on our Consolidated Financial Statements. Our remaining implementation item includes finalizing revised disclosures in accordance with the new standard. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”), which introduces a lessee model that brings most leases on the balance sheet and, among other changes, eliminates the requirement in current GAAP for an entity to use bright-line tests in determining lease classification. The FASB also issued an Exposure Draft on January 5, 2018 proposing to amend ASU 2016-02, which would provide lessors with a practical expedient, by class of underlying assets, to not separate non-lease components from the related lease components and, instead, to account for those components as a single lease component, if certain criteria are met. ASU 2016-02 and the related Exposure Draft are not effective for us until January 1, 2019, with early adoption permitted. We are continuing to evaluate this guidance and the impact to us, as both lessor and lessee, on our Consolidated Financial Statements. We expect to utilize the practical expedients proposed in the Exposure Draft as part of our adoption of ASU 2016-02. In 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”), which provides clarification regarding how certain cash receipts and cash payments are presented and classified in the statement of cash flows and ASU 2016-18, Restricted Cash (“ASU 2016-18”), which requires an entity to show the changes in total cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. ASU 2016-15 and ASU 2016-18 are effective for us beginning January 1, 2018 and will be applied by us using a retrospective transition method. Adoption of these standards is not expected to have a significant impact on our Consolidated Financial Statements. In 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”), which requires a company to recognize the tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. ASU 2016-16 is effective for us beginning January 1, 2018 and will be applied by us using a modified retrospective method. Adoption of this standard is not expected to have a significant impact on our Consolidated Financial Statements.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

Accounting Policies (Tables)

Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of Variable Interest Entities	The table below summarizes the total assets and liabilities of our consolidated VIEs as reported on our Consolidated Balance Sheets. December 31, 2017 December 31, 2016 Total Assets Total Liabilities Total Assets Total Liabilities (In thousands) NHP/PMB L.P. $ 605,150 $ 199,958 $ 639,763 $ 199,674 Ventas Realty Capital Healthcare Trust Operating Partnership, L.P. — — 2,143,139 162,426 Other identified VIEs 1,983,124 349,961 1,882,336 354,034 Tax credit VIEs 988,598 221,908 981,752 234,109

Concentration of Credit Risk (T

Concentration of Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2017
Risks and Uncertainties [Abstract]
Concentration risk for triple-net leased properties	The following table reflects our concentration risk for the periods presented: For the Year Ended December 31, 2017 2016 2015 Revenues (1) : Brookdale Senior Living (2) 4.7 % 4.8 % 5.3 % Ardent 3.1 3.1 1.3 Kindred (3) 4.6 5.4 5.7 NOI: Brookdale Senior Living (2) 8.0 % 8.3 % 9.3 % Ardent 5.3 5.3 2.3 Kindred (3) 7.9 9.2 9.9
Schedule of future contracted minimum rentals for all of triple-net and MOB leases	The following table sets forth the future contracted minimum rentals, excluding contingent rent escalations, but including straight-line rent adjustments and reserves where applicable, for all of our consolidated triple-net and office building leases as of December 31, 2017 (excluding properties classified as held for sale as of December 31, 2017 ): Brookdale Senior Living Ardent Kindred Other Total (In thousands) 2018 $ 162,346 $ 113,361 $ 126,087 $ 966,445 $ 1,368,239 2019 151,999 113,361 126,127 912,556 1,304,043 2020 35,192 113,361 126,169 860,246 1,134,968 2021 14,071 113,361 126,211 799,658 1,053,301 2022 3,339 113,361 126,254 699,060 942,014 Thereafter 7,498 1,435,906 247,566 3,580,776 5,271,746 Total $ 374,445 $ 2,002,711 $ 878,414 $ 7,818,741 $ 11,074,311

Acquisitions of Real Estate P36

Acquisitions of Real Estate Property (Tables)	12 Months Ended
	Dec. 31, 2017
2016 Acquisitions
Business Acquisition [Line Items]
Acquisition date fair values of the assets acquired and liabilities assumed	The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed in our 2016 real estate acquisitions, which we determined using level two and level three inputs: Triple-Net Leased Properties Office Operations Total (In thousands) Land and improvements $ 1,579 $ 63,526 $ 65,105 Buildings and improvements 12,558 1,311,676 1,324,234 Acquired lease intangibles 163 200,022 200,185 Other assets — 99,777 99,777 Total assets acquired 14,300 1,675,001 1,689,301 Notes payable and other debt — 47,641 47,641 Intangible liabilities — 103,769 103,769 Other liabilities 380 64,792 65,172 Total liabilities assumed 380 216,202 216,582 Noncontrolling interest assumed — 24,656 24,656 Net assets acquired 13,920 1,434,143 1,448,063 Cash acquired — 19,119 19,119 Total cash used $ 13,920 $ 1,415,024 $ 1,428,944
2015 Acquisitions
Business Acquisition [Line Items]
Acquisition date fair values of the assets acquired and liabilities assumed	The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed, which we determined using level two and level three inputs: Triple-Net Leased Properties Senior Living Operations Office Operations Total (In thousands) Land and improvements $ 190,566 $ 70,713 $ 173,307 $ 434,586 Buildings and improvements 1,726,063 703,080 1,214,546 3,643,689 Acquired lease intangibles 169,362 83,867 184,540 437,769 Other assets 174,093 272,888 402,734 849,715 Total assets acquired 2,260,084 1,130,548 1,975,127 5,365,759 Notes payable and other debt — 77,940 99,917 177,857 Other liabilities 45,924 45,408 46,565 137,897 Total liabilities assumed 45,924 123,348 146,482 315,754 Net assets acquired $ 2,214,160 $ 1,007,200 $ 1,828,645 5,050,005 Redeemable OP unitholder interests assumed 88,085 Cash acquired 59,584 Equity issued 2,216,355 Total cash used $ 2,685,981

Dispositions (Tables)

Dispositions (Tables)	12 Months Ended
	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Dispositions	NOTE 5—DISPOSITIONS 2017 Activity During the year ended December 31, 2017 , we sold 53 triple-net leased properties, five MOBs and certain vacant land parcels for aggregate consideration of $870.8 million , and we recognized a gain on the sale of these assets of $717.3 million , net of taxes. SNF Dispositions In November 2016, we entered into agreements with Kindred providing that Kindred will either acquire all 36 SNFs owned by us and operated by Kindred (the “Ventas SNFs”) for $700 million , in connection with Kindred’s previously announced plan to exit its SNF business; or, renew the current lease on all unpurchased Ventas SNFs not purchased by Kindred by April 30, 2018 until 2025 at the current rent level plus annual escalations. On June 30, 2017, Kindred announced that it had signed definitive agreements to sell its entire SNF business to an affiliate of Blue Mountain Capital Management, LLC and that, as Kindred closes on the sale of its SNFs, Kindred will pay to us its allocable portion of the sale proceeds for a total of approximately $700 million aggregate purchase price for the Ventas SNFs, and we will convey the applicable Ventas SNFs to the ultimate buyer. During 2017, we sold the 36 Ventas SNFs, included in the 53 triple-net properties described above, for aggregate consideration of approximately $700 million and recognized a gain on the sale of these assets of $657.6 million , net of taxes. 2016 Activity During the year ended December 31, 2016, we sold 29 triple-net leased properties, one seniors housing community included in our senior living operations reportable business segment and six MOBs for aggregate consideration of $300.8 million . We recognized a gain on the sales of these assets of $98.2 million , net of taxes. 2015 Activity During 2015, we sold 39 triple-net leased properties and 26 MOBs for aggregate consideration of $541.0 million , including lease termination fees of $6.0 million , included within triple-net leased rental income in our Consolidated Statements of Income. We recognized a gain on the sales of these assets of $46.3 million , net of taxes, of which $27.4 million is being deferred due to one secured loan of $78.4 million and one non-mortgage loan of $20.0 million , we made to the buyers in connection with the sales of certain assets. Assets Held for Sale The table below summarizes our real estate assets classified as held for sale as of December 31, 2017 and 2016 , including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets. December 31, 2017 December 31, 2016 Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale (Dollars in thousands) Triple-net leased properties — $ — $ — — $ — $ — Office operations 8 100,324 61,202 7 53,151 1,462 Senior living operations (1) — — — — 1,810 — Total 8 $ 100,324 $ 61,202 7 $ 54,961 $ 1,462 (1) Includes one vacant land parcel classified as held for sale as December 31, 2016 , which was sold during 2017. Real Estate Impairment We recognized impairments of $37.5 million , $35.2 million and $42.2 million for the years ended December 31, 2017 , 2016 and 2015 respectively, which are recorded primarily as a component of depreciation and amortization and relate primarily to our triple-net leased properties reportable business segment. Our recorded impairments were primarily the result of a change in our intent to hold the impaired assets. In most cases, we recognized an impairment in the periods in which our change in intent was made. CCP Spin-Off On August 17, 2015, we completed the CCP Spin-Off. In connection with the CCP Spin-Off, we disposed of 355 triple-net leased skilled nursing facilities and other healthcare assets operated by private regional and local care providers. The CCP Spin-Off was effectuated through a distribution of the common shares of CCP to holders of our common stock as of the distribution record date, and qualified as a tax-free distribution to our stockholders. For every four shares of Ventas common stock held as of the distribution record date of August 10, 2015, Ventas stockholders received one CCP common share on August 17, 2015. On August 17, 2015, just prior to the effective time of the spin-off, CCP (as our then wholly owned subsidiary) received approximately $1.4 billion of proceeds from a recently completed term loan and revolving credit facility. CCP paid us a distribution of $1.3 billion from these proceeds. We used this distribution from CCP to pay down our existing debt of $1.1 billion and to pay for a portion of our quarterly installment of dividends to our stockholders of $0.2 billion . The historical results of operations of the CCP properties as well as the related assets and liabilities have been presented as discontinued operations in the consolidated statements of operations and comprehensive income. Discontinued operations also include separation costs incurred to complete the CCP Spin-Off of $42.3 million for the year ended December 31, 2015. Separation costs for 2015 include $3.5 million of stock-based compensation expense representing the incremental fair value of previously vested stock-based compensation awards as of the spin date. In addition, the assets and liabilities of CCP are presented separately from assets and liabilities from continuing operations in the accompanying consolidated balance sheets. The accompanying consolidated statements of cash flows include within operating, investing and financing cash flows those activities which related to our period of ownership of the CCP properties. The following is a summary of the assets and liabilities of CCP at the CCP Spin-Off date: August 17, 2015 (In thousands) Assets Net real estate investments $ 2,588,255 Cash and cash equivalents 1,749 Goodwill 135,446 Assets held for sale 7,610 Other assets 15,089 Total assets 2,748,149 Liabilities Accounts payable and other liabilities 217,760 Liabilities related to assets held for sale 985 Total liabilities 218,745 Net assets $ 2,529,404 Summarized financial information for CCP discontinued operations for the years ended December 31, 2017 , 2016 and 2015 respectively is as follows: 2017 2016 2015 (In thousands) Revenues Rental income $ — $ — $ 196,848 Income from loans and investments — — 2,148 Interest and other income — — 63 — — 199,059 Expenses Interest — — 61,613 Depreciation and amortization — — 79,479 General, administrative and professional fees — — 9 Merger-related expenses and deal costs 110 922 46,402 Other — — 1,332 110 922 188,835 Net (loss) income from discontinued operations (110 ) (922 ) 10,224 Net income attributable to noncontrolling interests — — 120 Net (loss) income from discontinued operations attributable to common stockholders $ (110 ) $ (922 ) $ 10,104 Capital and development project expenditures relating to CCP for the year ended December 31, 2015 were $21.8 million . Other than capital and development project expenditures there were no other significant non-cash operating or investing activities relating to CCP. We and CCP entered into a transition services agreement prior to the CCP Spin-Off pursuant to which we and our subsidiaries provided to CCP, on an interim, transitional basis, various services. The services provided include information technology, accounting and tax services. The overall fee charged by us for such services (the "Service Fee") was $2.5 million for one year. We recognized income of $1.6 million and $0.9 million , for the years ended December 31, 2016 and 2015, respectively, relating to the Service Fee, which was payable in four quarterly installments. The transition services agreement terminated on August 31, 2016 .
Real estate assets classified as held for sale	The table below summarizes our real estate assets classified as held for sale as of December 31, 2017 and 2016 , including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets. December 31, 2017 December 31, 2016 Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale Number of Properties Held for Sale Assets Held for Sale Liabilities Held for Sale (Dollars in thousands) Triple-net leased properties — $ — $ — — $ — $ — Office operations 8 100,324 61,202 7 53,151 1,462 Senior living operations (1) — — — — 1,810 — Total 8 $ 100,324 $ 61,202 7 $ 54,961 $ 1,462
Schedule of Disposal Groups	The following is a summary of the assets and liabilities of CCP at the CCP Spin-Off date: August 17, 2015 (In thousands) Assets Net real estate investments $ 2,588,255 Cash and cash equivalents 1,749 Goodwill 135,446 Assets held for sale 7,610 Other assets 15,089 Total assets 2,748,149 Liabilities Accounts payable and other liabilities 217,760 Liabilities related to assets held for sale 985 Total liabilities 218,745 Net assets $ 2,529,404 Summarized financial information for CCP discontinued operations for the years ended December 31, 2017 , 2016 and 2015 respectively is as follows: 2017 2016 2015 (In thousands) Revenues Rental income $ — $ — $ 196,848 Income from loans and investments — — 2,148 Interest and other income — — 63 — — 199,059 Expenses Interest — — 61,613 Depreciation and amortization — — 79,479 General, administrative and professional fees — — 9 Merger-related expenses and deal costs 110 922 46,402 Other — — 1,332 110 922 188,835 Net (loss) income from discontinued operations (110 ) (922 ) 10,224 Net income attributable to noncontrolling interests — — 120 Net (loss) income from discontinued operations attributable to common stockholders $ (110 ) $ (922 ) $ 10,104

Loans Receivable and Investme38

Loans Receivable and Investments (Tables)	12 Months Ended
	Dec. 31, 2017
Loans Receivable And Investments [Abstract]
Loans receivable and investments	The following is a summary of our loans receivable and investments, net as of December 31, 2017 and 2016 , including amortized cost, fair value and unrealized gains or losses on available-for-sale investments: Carrying Amount Amortized Cost Fair Value Unrealized Gain (In thousands) As of December 31, 2017: Secured/mortgage loans and other $ 1,291,694 $ 1,291,694 $ 1,286,322 $ — Government-sponsored pooled loan investments (1) 54,665 53,863 54,665 802 Total investments reported as Secured loans receivable and investments, net 1,346,359 1,345,557 1,340,987 802 Non-mortgage loans receivable, net 59,857 59,857 58,849 — Total investments reported as Other assets 59,857 59,857 58,849 — Total loans receivable and investments, net $ 1,406,216 $ 1,405,414 $ 1,399,836 $ 802 Carrying Amount Amortized Cost Fair Value Unrealized Gain (In thousands) As of December 31, 2016: Secured/mortgage loans and other $ 646,972 $ 646,972 $ 655,981 $ — Government-sponsored pooled loan investments (1) 55,049 53,810 55,049 1,239 Total investments reported as Secured loans receivable and investments, net 702,021 700,782 711,030 1,239 Non-mortgage loans receivable, net 52,544 52,544 53,626 — Total investments reported as Other assets 52,544 52,544 53,626 — Total loans receivable and investments, net $ 754,565 $ 753,326 $ 764,656 $ 1,239 (1) Investments in government-sponsored pooled loans have contractual maturity dates in 2023.

Intangibles (Tables)

Intangibles (Tables)	12 Months Ended
	Dec. 31, 2017
Intangible Assets, Intangible Liabilities, And Goodwill Disclosure [Abstract]
Schedule of Intangibles	The following is a summary of our intangibles as of December 31, 2017 and 2016 : December 31, 2017 December 31, 2016 Balance Remaining Weighted Average Amortization Period in Years Balance Remaining Weighted Average Amortization Period in Years (Dollars in thousands) Intangible assets: Above market lease intangibles $ 184,775 7.0 $ 184,993 6.9 In-place and other lease intangibles 1,353,220 23.6 1,325,636 23.6 Goodwill 1,034,641 N/A 1,033,225 N/A Other intangibles 35,890 12.3 35,783 11.3 Accumulated amortization (861,452 ) N/A (769,558 ) N/A Net intangible assets $ 1,747,074 21.7 $ 1,810,079 21.5 Intangible liabilities: Below market lease intangibles $ 359,099 13.7 $ 345,103 14.1 Other lease intangibles 40,141 40.8 40,843 38.5 Accumulated amortization (160,965 ) N/A (133,468 ) N/A Purchase option intangibles 3,568 N/A 3,568 N/A Net intangible liabilities $ 241,843 15.6 $ 256,046 15.9
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The estimated net amortization related to these intangibles for each of the next five years is as follows: Estimated Net Amortization (In thousands) 2018 $ 55,591 2019 46,137 2020 40,085 2021 37,180 2022 30,580
Schedule of Goodwill	The table below reflects the carrying amount of goodwill, by segment, as of December 31, 2017 : Goodwill (In thousands) Triple-net Leased Properties $ 305,261 Senior Living Operations 259,482 Office Operations 469,898 Total Goodwill $ 1,034,641

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of other assets	The following is a summary of our other assets as of December 31, 2017 and 2016 : 2017 2016 (In thousands) Straight-line rent receivables, net $ 267,579 $ 244,580 Non-mortgage loans receivable, net 59,857 52,544 Other intangibles, net 6,496 8,190 Investment in unconsolidated operating entities 49,738 28,431 Other 189,275 184,619 Total other assets $ 572,945 $ 518,364

Borrowing Arrangements (Tables)

Borrowing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Summary of senior notes payable and other debt	The following is a summary of our senior notes payable and other debt as of December 31, 2017 and 2016 : 2017 2016 (In thousands) Unsecured revolving credit facility (1) $ 535,832 $ 146,538 Secured revolving construction credit facility due 2022 2,868 — 1.250% Senior Notes due 2017 — 300,000 2.00% Senior Notes due 2018 700,000 700,000 Unsecured term loan due 2018 (2) — 200,000 Unsecured term loan due 2019 (2) — 371,215 4.00% Senior Notes due 2019 600,000 600,000 3.00% Senior Notes, Series A due 2019 (3) 318,041 297,841 2.700% Senior Notes due 2020 500,000 500,000 Unsecured term loan due 2020 900,000 900,000 4.750% Senior Notes due 2021 700,000 700,000 4.25% Senior Notes due 2022 600,000 600,000 3.25% Senior Notes due 2022 500,000 500,000 3.300% Senior Notes, Series C due 2022 (3) 198,776 186,150 3.125% Senior Notes due 2023 400,000 400,000 3.100% Senior Notes due 2023 400,000 — 2.55% Senior Notes, Series D due 2023 (3) 218,653 — 3.750% Senior Notes due 2024 400,000 400,000 4.125% Senior Notes, Series B due 2024 (3) 198,776 186,150 3.500% Senior Notes due 2025 600,000 600,000 4.125% Senior Notes due 2026 500,000 500,000 3.25% Senior Notes due 2026 450,000 450,000 3.850% Senior Notes due 2027 400,000 — 6.90% Senior Notes due 2037 52,400 52,400 6.59% Senior Notes due 2038 22,973 22,973 5.45% Senior Notes due 2043 258,750 258,750 5.70% Senior Notes due 2043 300,000 300,000 4.375% Senior Notes due 2045 300,000 300,000 Mortgage loans and other 1,308,564 1,718,897 Total 11,365,633 11,190,914 Deferred financing costs, net (73,093 ) (61,304 ) Unamortized fair value adjustment 12,139 25,224 Unamortized discounts (28,617 ) (27,508 ) Senior notes payable and other debt $ 11,276,062 $ 11,127,326 (1) As of December 31, 2017 and 2016 , respectively, $28.7 million and $146.5 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $31.1 million were denominated in British pounds as of December 31, 2017 . There were no aggregate borrowings denominated in British pounds as of December 31, 2016 . (2) As of December 31, 2016 , there was $571.2 million of unsecured term loan borrowings under our unsecured credit facility, of which $92.6 million was in the form of Canadian dollars. In August 2017, we repaid the balances then outstanding on the term loans. (3) These borrowings are in the form of Canadian dollars.
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations	As of December 31, 2017 , our indebtedness had the following maturities: Principal Amount Due at Maturity Unsecured Revolving Credit Facility (1) Scheduled Periodic Amortization Total Maturities (In thousands) 2018 $ 785,871 $ — $ 21,576 $ 807,447 2019 1,330,572 — 15,759 1,346,331 2020 1,451,587 — 12,910 1,464,497 2021 772,838 535,832 11,505 1,320,175 2022 1,419,392 — 9,878 1,429,270 Thereafter (2) 4,910,954 — 86,959 4,997,913 Total maturities $ 10,671,214 $ 535,832 $ 158,587 $ 11,365,633 (1) At December 31, 2017 , we had $81.4 million of unrestricted cash and cash equivalents, for $454.5 million of net borrowings outstanding under our unsecured revolving credit facility. (2) Includes $52.4 million aggregate principal amount of 6.90% senior notes due 2037 that is subject to repurchase, at the option of the holders, on October 1, 2027, and $23.0 million aggregate principal amount of 6.59% senior notes due 2038 that is subject to repurchase, at the option of the holders, on July 7 in each of 2018, 2023 and 2028.
Estimated Aggregate Amortization of Debt	For each of the next five years the estimated aggregate amortization of the fair value adjustment will be as follows: Estimated Aggregate Amortization (In thousands) 2018 $ 2,821 2019 2,105 2020 1,664 2021 1,058 2022 646

Fair Values of Financial Inst42

Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Carrying amounts and fair values of financial instruments	As of December 31, 2017 and 2016 , the carrying amounts and fair values of our financial instruments were as follows: 2017 2016 Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Assets: Cash and cash equivalents $ 81,355 $ 81,355 $ 286,707 $ 286,707 Secured mortgage loans and other, net 1,291,694 1,286,322 646,972 655,981 Non-mortgage loans receivable, net 59,857 58,849 52,544 53,626 Government-sponsored pooled loan investments 54,665 54,665 55,049 55,049 Derivative instruments 7,248 7,248 3,302 3,302 Liabilities: Senior notes payable and other debt, gross 11,365,633 11,600,750 11,190,914 11,369,440 Derivative instruments 5,435 5,435 2,316 2,316 Redeemable OP Unitholder Interests 146,252 146,252 177,177 177,177

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of assumptions used in estimating fair value of stock options using Black-Scholes option pricing model	In determining the estimated fair value of our stock options as of the date of grant, we used the Black-Scholes option pricing model with the following assumptions: 2017 2016 2015 Risk-free interest rate 1.69-1.87% 0.93-1.27% 1.02 - 1.38% Dividend yield 6.00 % 5.50 % 5.00 % Volatility factors of the expected market price for our common stock 21.5-21.6% 19.1-20.6% 19.0 - 20.0% Weighted average expected life of options 4.0 years 4.0 years 4.0 years
Summary of stock option activity	The following is a summary of stock option activity in 2017 : Shares (000’s) Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Intrinsic Value ($000’s) Outstanding as of December 31, 2016 3,805 $ 56.05 Options granted 1,626 61.93 Options exercised (349 ) 46.70 Options forfeited (57 ) 58.87 Outstanding as of December 31, 2017 5,025 58.57 7.2 $ 19,522 Exercisable as of December 31, 2017 3,407 $ 57.01 6.5 $ 18,602
Summary of status of nonvested restricted stock and restricted stock units and changes during the year	A summary of the status of our non-vested restricted stock and restricted stock units as of December 31, 2017 , and changes during the year ended December 31, 2017 follows: Restricted Stock (000’s) Weighted Average Grant Date Fair Value Restricted Stock Units (000’s) Weighted Average Grant Date Fair Value Nonvested at December 31, 2016 312 $ 57.29 15 $ 58.70 Granted 283 59.99 409 62.07 Vested (258 ) 58.82 (10 ) 59.59 Forfeited (18 ) 58.95 — — Nonvested at December 31, 2017 319 $ 58.36 414 $ 62.01

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of tax treatment of distributions per common share	During the years ended December 31, 2017 , 2016 and 2015 , our tax treatment of distributions per common share was as follows: 2017 2016 2015 Tax treatment of distributions: Ordinary income $ 1.02814 $ 2.68216 $ 3.02368 Qualified ordinary income 0.00337 0.05794 0.01632 Long-term capital gain 1.07836 0.11613 — Unrecaptured Section 1250 gain 0.21513 0.10877 — Distribution reported for 1099-DIV purposes $ 2.32500 $ 2.96500 $ 3.04000 Add: Dividend declared in current year and taxable in following year 0.79000 — — Distribution declared per common share outstanding $ 3.11500 $ 2.96500 $ 3.04000
Schedule of provision (benefit) for income taxes	Our consolidated benefit for income taxes for the years ended December 31, 2017 , 2016 and 2015 was as follows: 2017 2016 2015 (In thousands) Current - Federal $ (5,672 ) $ (2,991 ) $ 138 Current - State 1,119 1,241 1,453 Deferred - Federal (54,396 ) (19,539 ) (25,962 ) Deferred - State 3,237 (3,634 ) (3,054 ) Current - Foreign 2,307 1,067 953 Deferred - Foreign (6,394 ) (7,487 ) (12,812 ) Total $ (59,799 ) $ (31,343 ) $ (39,284 )
Schedule of reconciliation of income tax expense	A reconciliation of income tax expense and benefit, which is computed by applying the federal corporate tax rate for the years ended December 31, 2017 , 2016 and 2015 , to the income tax benefit is as follows: 2017 2016 2015 (In thousands) Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes $ 204,742 $ 181,478 $ 123,086 State income taxes, net of federal benefit (1,115 ) (1,022 ) (657 ) Increase in valuation allowance from ordinary operations 8,237 3,921 20,978 Decrease in ASC 740 income tax liability (4,750 ) (3,582 ) (462 ) Tax at statutory rate on earnings not subject to federal income taxes (231,379 ) (209,204 ) (185,648 ) Foreign rate differential and foreign taxes 6,407 2,094 3,095 Change in tax status of TRS (690 ) (5,629 ) — Effect of the 2017 Tax Act (41,212 ) — — Other differences (39 ) 601 324 Income tax benefit $ (59,799 ) $ (31,343 ) $ (39,284 )
Summary of tax effects of temporary differences and carryforwards included in the net deferred tax liabilities	The tax effects of temporary differences and carryforwards included in the net deferred tax liabilities at December 31, 2017 , 2016 and 2015 are summarized as follows: 2017 2016 2015 (In thousands) Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs $ (300,395 ) $ (409,803 ) $ (413,566 ) Operating loss and interest deduction carryforwards 146,732 195,415 180,575 Expense accruals and other 12,890 18,185 14,624 Valuation allowance (109,319 ) (120,438 ) (120,015 ) Net deferred tax liabilities $ (250,092 ) $ (316,641 ) $ (338,382 ) We established beginning net deferred tax assets and liabilities related to temporary differences between the financial reporting and the tax bases of assets acquired and liabilities assumed (primarily property, intangible and related assets, net of NOL carryforwards), for the years ended December 31, 2017, 2016, and 2015, in connection with the following acquisitions: 2017 2016 2015 (In thousands) 2015 HCT acquisition $ — $ — $ (32,336 ) 2015 UK acquisition — — (18,569 ) 2016 Life Sciences Acquisition 19,262 (9,446 ) — 2017 miscellaneous acquisitions (4,510 ) — — Established beginning deferred tax assets or liabilities $ 14,752 $ (9,446 ) $ (50,905 )
Rollforward of valuation allowances	A rollforward of valuation allowances, for the years ended December 31, 2017 , 2016 and 2015 , is as follows: 2017 2016 2015 (In thousands) Beginning Balance $ 120,438 $ 120,015 $ 97,550 Additions: Purchase accounting — — 1,002 Expenses (1) 9,277 6,589 21,375 Subtractions: Deductions (1) (1,040 ) (2,668 ) (397 ) Effect of the 2017 Tax Act (21,321 ) — — State income tax, net of federal impact 956 536 529 Other activity (not resulting in expense or deduction) 1,009 (4,034 ) (44 ) Ending balance $ 109,319 $ 120,438 $ 120,015 (1) Generally, Expenses and Deductions are increases and decreases, respectively, in TRS valuation allowances, the latter being through utilization or release. The net amount equals the increase in valuation allowance on the reconciliation of income tax expense and benefit schedule above.
Summary of activity related to unrecognized tax benefits	The following table summarizes the activity related to our unrecognized tax benefits: 2017 2016 (In thousands) Balance as of January 1 $ 20,950 $ 24,135 Additions to tax positions related to prior years 648 222 Subtractions to tax positions related to prior years (497 ) — Subtractions to tax positions as a result of the lapse of the statute of limitations (4,336 ) (3,407 ) Balance as of December 31 $ 16,765 $ 20,950

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	As of December 31, 2017 , our future minimum lease obligations under non-cancelable operating and ground leases were as follows: Lease Payments (In thousands) 2018 $ 27,498 2019 23,953 2020 23,206 2021 22,651 2022 17,738 Thereafter 623,462 Total $ 738,508

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Computation of basic and diluted earnings per common share	The following table shows the amounts used in computing our basic and diluted earnings per common share: For the Year Ended December 31, 2017 2016 2015 (In thousands, except per share amounts) Numerator for basic and diluted earnings per share: Income from continuing operations $ 643,949 $ 554,209 $ 389,539 Discontinued operations (110 ) (922 ) 11,103 Gain on real estate dispositions 717,273 98,203 18,580 Net income 1,361,112 651,490 419,222 Net income attributable to noncontrolling interests 4,642 2,259 1,379 Net income attributable to common stockholders $ 1,356,470 $ 649,231 $ 417,843 Denominator: Denominator for basic earnings per share—weighted average shares 355,326 344,703 330,311 Effect of dilutive securities: Stock options 494 569 360 Restricted stock awards 265 176 41 OP Unitholder interests 2,481 2,942 3,295 Denominator for diluted earnings per share—adjusted weighted average shares 358,566 348,390 334,007 Basic earnings per share: Income from continuing operations $ 1.81 $ 1.61 $ 1.18 Net income attributable to common stockholders 3.82 1.88 1.26 Diluted earnings per share: Income from continuing operations $ 1.80 $ 1.59 $ 1.17 Net income attributable to common stockholders 3.78 1.86 1.25

Permanent and Temporary Equity

Permanent and Temporary Equity (Tables)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income	The following is a summary of our accumulated other comprehensive loss as of December 31, 2017 and 2016 : 2017 2016 (In thousands) Foreign currency translation $ (45,580 ) $ (66,192 ) Accumulated unrealized gain on government-sponsored pooled loan investments 802 1,239 Other 9,658 7,419 Total accumulated other comprehensive loss $ (35,120 ) $ (57,534 )
Redeemable OP Unitholder and Noncontrolling Interest	The following is a rollforward of our redeemable OP Unitholder Interests and noncontrolling interests for 2017 : Redeemable OP Unitholder Interests Redeemable Noncontrolling Interests Total Redeemable OP Unitholder and Noncontrolling Interests (In thousands) Balance as of December 31, 2016 $ 177,177 $ 23,551 $ 200,728 New issuances — 2,143 2,143 Change in valuation (2,112 ) 2,353 241 Distributions and other (5,677 ) — (5,677 ) Redemptions (23,136 ) (15,809 ) (38,945 ) Balance as of December 31, 2017 $ 146,252 $ 12,238 $ 158,490

Quarterly Financial Informati48

Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Summary of unaudited consolidated quarterly information	Summarized unaudited consolidated quarterly information for the years ended December 31, 2017 and 2016 is provided below. For the Year Ended December 31, 2017 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 883,443 $ 895,490 $ 899,928 $ 895,288 Income from continuing operations $ 155,912 $ 152,272 $ 156,930 $ 178,835 Discontinued operations (53 ) (23 ) (19 ) (15 ) Gain on real estate dispositions 43,289 719 458,280 214,985 Net income 199,148 152,968 615,191 393,805 Net income attributable to noncontrolling interests 1,021 1,137 1,233 1,251 Net income attributable to common stockholders $ 198,127 $ 151,831 $ 613,958 $ 392,554 Earnings per share: Basic: Income from continuing operations $ 0.44 $ 0.43 $ 0.44 $ 0.50 Net income attributable to common stockholders 0.56 0.43 1.72 1.10 Diluted: Income from continuing operations $ 0.44 $ 0.42 $ 0.44 $ 0.50 Net income attributable to common stockholders 0.55 0.42 1.71 1.09 Dividends declared per share $ 0.775 $ 0.775 $ 0.775 $ 0.79 For the Year Ended December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 852,289 $ 848,404 $ 867,116 $ 875,713 Income from continuing operations $ 123,339 $ 137,849 $ 150,446 $ 142,575 Discontinued operations (489 ) (148 ) (118 ) (167 ) Gain (loss) on real estate dispositions 26,184 5,739 (144 ) 66,424 Net income 149,034 143,440 150,184 208,832 Net income attributable to noncontrolling interests 54 278 732 1,195 Net income attributable to common stockholders $ 148,980 $ 143,162 $ 149,452 $ 207,637 Earnings per share: Basic: Income from continuing operations $ 0.37 $ 0.41 $ 0.43 $ 0.40 Net income attributable to common stockholders 0.44 0.42 0.43 0.59 Diluted: Income from continuing operations $ 0.36 $ 0.40 $ 0.42 $ 0.40 Net income attributable to common stockholders 0.44 0.42 0.42 0.58 Dividends declared per share $ 0.73 $ 0.73 $ 0.73 $ 0.775

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Summary information by reportable business segment	Summary information by reportable business segment is as follows: For the Year Ended December 31, 2017 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 840,131 $ — $ 753,467 $ — $ 1,593,598 Resident fees and services — 1,843,232 — — 1,843,232 Office building and other services revenue 4,580 — 7,497 1,600 13,677 Income from loans and investments — — — 117,608 117,608 Interest and other income — — — 6,034 6,034 Total revenues $ 844,711 $ 1,843,232 $ 760,964 $ 125,242 $ 3,574,149 Total revenues $ 844,711 $ 1,843,232 $ 760,964 $ 125,242 $ 3,574,149 Less: Interest and other income — — — 6,034 6,034 Property-level operating expenses — 1,250,065 233,007 — 1,483,072 Office building services costs — — 3,391 — 3,391 Segment NOI 844,711 593,167 524,566 119,208 2,081,652 Income (loss) from unconsolidated entities 845 (61 ) 503 (1,848 ) (561 ) Segment profit $ 845,556 $ 593,106 $ 525,069 $ 117,360 2,081,091 Interest and other income 6,034 Interest expense (448,196 ) Depreciation and amortization (887,948 ) General, administrative and professional fees (135,490 ) Loss on extinguishment of debt, net (754 ) Merger-related expenses and deal costs (10,535 ) Other (20,052 ) Income tax benefit 59,799 Income from continuing operations $ 643,949 For the Year Ended December 31, 2016 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 845,834 $ — $ 630,342 $ — $ 1,476,176 Resident fees and services — 1,847,306 — — 1,847,306 Office building and other services revenue 4,921 — 13,029 3,120 21,070 Income from loans and investments — — — 98,094 98,094 Interest and other income — — — 876 876 Total revenues $ 850,755 $ 1,847,306 $ 643,371 $ 102,090 $ 3,443,522 Total revenues $ 850,755 $ 1,847,306 $ 643,371 $ 102,090 $ 3,443,522 Less: Interest and other income — — — 876 876 Property-level operating expenses — 1,242,978 191,784 — 1,434,762 Office building services costs — — 7,311 — 7,311 Segment NOI 850,755 604,328 444,276 101,214 2,000,573 Income from unconsolidated entities 2,363 1,265 590 140 4,358 Segment profit $ 853,118 $ 605,593 $ 444,866 $ 101,354 2,004,931 Interest and other income 876 Interest expense (419,740 ) Depreciation and amortization (898,924 ) General, administrative and professional fees (126,875 ) Loss on extinguishment of debt, net (2,779 ) Merger-related expenses and deal costs (24,635 ) Other (9,988 ) Income tax benefit 31,343 Income from continuing operations $ 554,209 For the Year Ended December 31, 2015 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 779,801 $ — $ 566,245 $ — $ 1,346,046 Resident fees and services — 1,811,255 — — 1,811,255 Office building and other services revenue 4,433 — 34,436 2,623 41,492 Income from loans and investments — — — 86,553 86,553 Interest and other income — — — 1,052 1,052 Total revenues $ 784,234 $ 1,811,255 $ 600,681 $ 90,228 $ 3,286,398 Total revenues $ 784,234 $ 1,811,255 $ 600,681 $ 90,228 $ 3,286,398 Less: Interest and other income — — — 1,052 1,052 Property-level operating expenses — 1,209,415 174,225 — 1,383,640 Office building services costs — — 26,565 — 26,565 Segment NOI 784,234 601,840 399,891 89,176 1,875,141 (Loss) income from unconsolidated entities (813 ) (526 ) 369 (450 ) (1,420 ) Segment profit $ 783,421 $ 601,314 $ 400,260 $ 88,726 1,873,721 Interest and other income 1,052 Interest expense (367,114 ) Depreciation and amortization (894,057 ) General, administrative and professional fees (128,035 ) Loss on extinguishment of debt, net (14,411 ) Merger-related expenses and deal costs (102,944 ) Other (17,957 ) Income tax benefit 39,284 Income from continuing operations $ 389,539
Assets by reportable business segment	Assets by reportable business segment are as follows: As of December 31, 2017 2016 (Dollars in thousands) Assets: Triple-net leased properties $ 7,778,064 32.4 % $ 7,627,792 32.9 % Senior living operations 7,654,609 32.0 7,826,262 33.8 Office operations 6,897,696 28.8 6,614,454 28.6 All other assets 1,624,172 6.8 1,098,092 4.7 Total assets $ 23,954,541 100.0 % $ 23,166,600 100.0 %
Capital expenditures	Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows: For the Year Ended December 31, 2017 2016 2015 (In thousands) Capital expenditures: Triple-net leased properties $ 169,661 $ 74,192 $ 1,890,245 Senior living operations 149,449 105,614 382,877 Office operations 492,765 1,503,304 604,827 Total capital expenditures $ 811,875 $ 1,683,110 $ 2,877,949
Revenues from external customers by geographic area	Geographic information regarding our operations is as follows: For the Year Ended December 31, 2017 2016 2015 (In thousands) Revenues: United States $ 3,361,682 $ 3,242,353 $ 3,086,449 Canada 186,049 174,831 173,778 United Kingdom 26,418 26,338 26,171 Total revenues $ 3,574,149 $ 3,443,522 $ 3,286,398
Net real estate property by geographic area	As of December 31, 2017 2016 (In thousands) Net real estate property: United States $ 19,219,650 $ 19,105,939 Canada 1,070,903 1,037,105 United Kingdom 297,827 251,710 Total net real estate property $ 20,588,380 $ 20,394,754

Condensed Consolidating Infor50

Condensed Consolidating Information (Tables)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONDENSED CONSOLIDATING BALANCE SHEET	CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 1,844 $ 119,508 $ 21,937,026 $ — $ 22,058,378 Cash and cash equivalents 9,828 — 71,527 — 81,355 Escrow deposits and restricted cash 39,816 128 66,954 — 106,898 Investment in and advances to affiliates 14,786,086 2,916,060 — (17,702,146 ) — Goodwill — — 1,034,641 — 1,034,641 Assets held for sale — — 100,324 — 100,324 Other assets 55,936 9,458 507,551 — 572,945 Total assets $ 14,893,510 $ 3,045,154 $ 23,718,023 $ (17,702,146 ) $ 23,954,541 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,895,641 $ 2,380,421 $ — $ 11,276,062 Intercompany loans 7,835,266 (7,127,624 ) (707,642 ) — — Accrued interest (6,410 ) 77,691 22,677 — 93,958 Accounts payable and other liabilities 381,512 24,635 776,405 — 1,182,552 Liabilities related to assets held for sale — — 61,202 — 61,202 Deferred income taxes 250,092 — — — 250,092 Total liabilities 8,460,460 1,870,343 2,533,063 — 12,863,866 Redeemable OP unitholder and noncontrolling interests — — 158,490 — 158,490 Total equity 6,433,050 1,174,811 21,026,470 (17,702,146 ) 10,932,185 Total liabilities and equity $ 14,893,510 $ 3,045,154 $ 23,718,023 $ (17,702,146 ) $ 23,954,541 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2016 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 2,007 $ 173,259 $ 21,017,430 $ — $ 21,192,696 Cash and cash equivalents 210,303 — 76,404 — 286,707 Escrow deposits and restricted cash 198 1,504 78,945 — 80,647 Investment in and advances to affiliates 14,166,255 2,938,442 — (17,104,697 ) — Goodwill — — 1,033,225 — 1,033,225 Assets held for sale — — 54,961 — 54,961 Other assets 35,468 6,791 476,105 — 518,364 Total assets $ 14,414,231 $ 3,119,996 $ 22,737,070 $ (17,104,697 ) $ 23,166,600 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,406,979 $ 2,720,347 $ — $ 11,127,326 Intercompany loans 6,996,162 (6,209,706 ) (786,456 ) — — Accrued interest (1,753 ) 67,156 18,359 — 83,762 Accounts payable and other liabilities 89,115 35,587 783,226 — 907,928 Liabilities related to assets held for sale — (1 ) 1,463 — 1,462 Deferred income taxes 316,641 — — — 316,641 Total liabilities 7,400,165 2,300,015 2,736,939 — 12,437,119 Redeemable OP unitholder and noncontrolling interests — — 200,728 — 200,728 Total equity 7,014,066 819,981 19,799,403 (17,104,697 ) 10,528,753 Total liabilities and equity $ 14,414,231 $ 3,119,996 $ 22,737,070 $ (17,104,697 ) $ 23,166,600
CONDENSED CONSOLIDATING STATEMENT OF INCOME	CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 2,383 $ 178,165 $ 1,413,050 $ — $ 1,593,598 Resident fees and services — — 1,843,232 — 1,843,232 Office building and other services revenues — — 13,677 — 13,677 Income from loans and investments 1,236 — 116,372 — 117,608 Equity earnings in affiliates 488,862 — (1,620 ) (487,242 ) — Interest and other income 5,388 — 646 — 6,034 Total revenues 497,869 178,165 3,385,357 (487,242 ) 3,574,149 Expenses Interest (101,222 ) 319,630 229,788 — 448,196 Depreciation and amortization 5,483 7,510 874,955 — 887,948 Property-level operating expenses — 329 1,482,743 — 1,483,072 Office building services costs — — 3,391 — 3,391 General, administrative and professional fees 2,056 16,976 116,458 — 135,490 Loss (gain) on extinguishment of debt, net — 943 (189 ) — 754 Merger-related expenses and deal costs 9,797 — 738 — 10,535 Other 2,247 1 17,804 — 20,052 Total expenses (81,639 ) 345,389 2,725,688 — 2,989,438 Income (loss) before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests 579,508 (167,224 ) 659,669 (487,242 ) 584,711 Income (loss) from unconsolidated entities — 5,306 (5,867 ) — (561 ) Income tax benefit 59,799 — — — 59,799 Income (loss) from continuing operations 639,307 (161,918 ) 653,802 (487,242 ) 643,949 Discontinued operations (110 ) — — — (110 ) Gain on real estate dispositions 717,273 — — — 717,273 Net income (loss) 1,356,470 (161,918 ) 653,802 (487,242 ) 1,361,112 Net income attributable to noncontrolling interests — — 4,642 — 4,642 Net income (loss) attributable to common stockholders $ 1,356,470 $ (161,918 ) $ 649,160 $ (487,242 ) $ 1,356,470 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2016 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 2,670 $ 196,991 $ 1,276,515 $ — $ 1,476,176 Resident fees and services — — 1,847,306 — 1,847,306 Office building and other services revenues 1,605 — 19,465 — 21,070 Income from loans and investments 341 — 97,753 — 98,094 Equity earnings in affiliates 500,515 — (1,223 ) (499,292 ) — Interest and other income 666 — 210 — 876 Total revenues 505,797 196,991 3,240,026 (499,292 ) 3,443,522 Expenses Interest (46,650 ) 281,458 184,932 — 419,740 Depreciation and amortization 8,968 18,297 871,659 — 898,924 Property-level operating expenses — 317 1,434,445 — 1,434,762 Office building services costs — — 7,311 — 7,311 General, administrative and professional fees 509 18,320 108,046 — 126,875 Loss on extinguishment of debt, net — 2,770 9 — 2,779 Merger-related expenses and deal costs 23,068 — 1,567 — 24,635 Other (705 ) 41 10,652 — 9,988 Total expenses (14,810 ) 321,203 2,618,621 — 2,925,014 Income (loss) before unconsolidated entities, income taxes, discontinued operations and noncontrolling interests 520,607 (124,212 ) 621,405 (499,292 ) 518,508 Income from unconsolidated entities — 1,840 2,518 — 4,358 Income tax benefit 31,343 — — — 31,343 Income (loss) from continuing operations 551,950 (122,372 ) 623,923 (499,292 ) 554,209 Discontinued operations (922 ) — — — (922 ) Gain on real estate dispositions 98,203 — — — 98,203 Net income (loss) 649,231 (122,372 ) 623,923 (499,292 ) 651,490 Net income attributable to noncontrolling interests — — 2,259 — 2,259 Net income (loss) attributable to common stockholders $ 649,231 $ (122,372 ) $ 621,664 $ (499,292 ) $ 649,231 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2015 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 3,663 $ 198,017 $ 1,144,366 $ — $ 1,346,046 Resident fees and services — — 1,811,255 — 1,811,255 Office building and other services revenues 895 — 40,597 — 41,492 Income from loans and investments 8,605 534 77,414 — 86,553 Equity earnings in affiliates 458,213 — (649 ) (457,564 ) — Interest and other income 495 (6 ) 563 — 1,052 Total revenues 471,871 198,545 3,073,546 (457,564 ) 3,286,398 Expenses Interest (38,393 ) 257,503 148,004 — 367,114 Depreciation and amortization 5,443 14,679 873,935 — 894,057 Property-level operating expenses — 367 1,383,273 — 1,383,640 Office building services costs — — 26,565 — 26,565 General, administrative and professional fees (321 ) 20,777 107,579 — 128,035 Loss on extinguishment of debt, net — 4,523 9,888 — 14,411 Merger-related expenses and deal costs 98,644 75 4,225 — 102,944 Other (358 ) 45 18,270 — 17,957 Total expenses 65,015 297,969 2,571,739 — 2,934,723 Income (loss) before unconsolidated entities, income taxes, discontinued operations, and noncontrolling interests 406,856 (99,424 ) 501,807 (457,564 ) 351,675 Loss from unconsolidated entities — (183 ) (1,237 ) — (1,420 ) Income tax benefit 39,284 — — — 39,284 Income (loss) from continuing operations 446,140 (99,607 ) 500,570 (457,564 ) 389,539 Discontinued operations (46,877 ) 34,748 23,232 — 11,103 Gain on real estate dispositions 18,580 — — — 18,580 Net income (loss) 417,843 (64,859 ) 523,802 (457,564 ) 419,222 Net income attributable to noncontrolling interests — — 1,379 — 1,379 Net income (loss) attributable to common stockholders $ 417,843 $ (64,859 ) $ 522,423 $ (457,564 ) $ 417,843
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME	CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 1,356,470 $ (161,918 ) $ 653,802 $ (487,242 ) $ 1,361,112 Other comprehensive (loss) income: Foreign currency translation — — 20,612 — 20,612 Unrealized loss on government-sponsored pooled loan investments (437 ) — — — (437 ) Other — — 2,239 — 2,239 Total other comprehensive (loss) income (437 ) — 22,851 — 22,414 Comprehensive income (loss) 1,356,033 (161,918 ) 676,653 (487,242 ) 1,383,526 Comprehensive income attributable to noncontrolling interests — — 4,642 — 4,642 Comprehensive income (loss) attributable to common stockholders $ 1,356,033 $ (161,918 ) $ 672,011 $ (487,242 ) $ 1,378,884 For the Year Ended December 31, 2016 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 649,231 $ (122,372 ) $ 623,923 $ (499,292 ) $ 651,490 Other comprehensive loss: Foreign currency translation — — (52,266 ) — (52,266 ) Unrealized loss on government-sponsored pooled loan investments (310 ) — — — (310 ) Other — — 2,607 — 2,607 Total other comprehensive loss (310 ) — (49,659 ) — (49,969 ) Comprehensive income (loss) 648,921 (122,372 ) 574,264 (499,292 ) 601,521 Comprehensive income attributable to noncontrolling interests — — 2,259 — 2,259 Comprehensive income (loss) attributable to common stockholders $ 648,921 $ (122,372 ) $ 572,005 $ (499,292 ) $ 599,262 For the Year Ended December 31, 2015 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 417,843 $ (64,859 ) $ 523,802 $ (457,564 ) $ 419,222 Other comprehensive loss: Foreign currency translation — — (14,792 ) — (14,792 ) Unrealized loss on government-sponsored pooled loan investments (5,236 ) — — — (5,236 ) Other — — (658 ) — (658 ) Total other comprehensive loss (5,236 ) — (15,450 ) — (20,686 ) Comprehensive income (loss) 412,607 (64,859 ) 508,352 (457,564 ) 398,536 Comprehensive income attributable to noncontrolling interests — — 1,379 — 1,379 Comprehensive income (loss) attributable to common stockholders $ 412,607 $ (64,859 ) $ 506,973 $ (457,564 ) $ 397,157
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 150,548 $ (142,584 ) $ 1,434,216 $ — $ 1,442,180 Cash flows from investing activities: Net investment in real estate property (350,900 ) — (29,332 ) — (380,232 ) Investment in loans receivable and other (4,633 ) — (743,486 ) — (748,119 ) Proceeds from real estate disposals 537,144 — 287 — 537,431 Proceeds from loans receivable 47 — 101,050 — 101,097 Development project expenditures — — (299,085 ) — (299,085 ) Capital expenditures — (726 ) (131,832 ) — (132,558 ) Distributions from unconsolidated entities — — 6,169 — 6,169 Investment in unconsolidated entities — — (61,220 ) — (61,220 ) Net cash provided by (used in) investing activities 181,658 (726 ) (1,157,449 ) — (976,517 ) Cash flows from financing activities: Net change in borrowings under revolving credit facilities — 478,868 (94,085 ) — 384,783 Proceeds from debt — 793,904 317,745 — 1,111,649 Repayment of debt — (778,606 ) (590,478 ) — (1,369,084 ) Purchase of noncontrolling interests (15,809 ) — — (15,809 ) Net change in intercompany debt 1,002,694 (917,917 ) (84,777 ) — — Payment of deferred financing costs — (20,450 ) (6,847 ) — (27,297 ) Issuance of common stock, net 73,596 — — — 73,596 Cash distribution (to) from affiliates (804,901 ) 587,511 217,390 — — Cash distribution to common stockholders (827,285 ) — — — (827,285 ) Cash distribution to redeemable OP unitholders — — (5,677 ) — (5,677 ) Contributions from noncontrolling interests — — 4,402 — 4,402 Distributions to noncontrolling interests — — (11,187 ) — (11,187 ) Other 10,582 — — — 10,582 Net cash (used in) provided by financing activities (561,123 ) 143,310 (253,514 ) — (671,327 ) Net (decrease) increase in cash and cash equivalents (228,917 ) — 23,253 — (205,664 ) Effect of foreign currency translation on cash and cash equivalents 28,442 — (28,130 ) — 312 Cash and cash equivalents at beginning of period 210,303 — 76,404 — 286,707 Cash and cash equivalents at end of period $ 9,828 $ — $ 71,527 $ — $ 81,355 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2016 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 69,496 $ (92,923 ) $ 1,395,768 $ — $ 1,372,341 Cash flows from investing activities: Net investment in real estate property (1,448,230 ) — 19,118 — (1,429,112 ) Investment in loans receivable and other — — (158,635 ) — (158,635 ) Proceeds from real estate disposals 257,441 — 43,120 — 300,561 Proceeds from loans receivable — — 320,082 — 320,082 Development project expenditures — — (143,647 ) — (143,647 ) Capital expenditures — (314 ) (117,142 ) — (117,456 ) Investment in unconsolidated entities — — (6,436 ) — (6,436 ) Net cash used in investing activities (1,190,789 ) (314 ) (43,540 ) — (1,234,643 ) Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — (171,000 ) 135,363 — (35,637 ) Proceeds from debt — 846,521 46,697 — 893,218 Repayment of debt — (651,820 ) (370,293 ) — (1,022,113 ) Net change in intercompany debt 990,056 82,266 (1,072,322 ) — — Purchase of noncontrolling interests — — (2,846 ) — (2,846 ) Payment of deferred financing costs — (5,787 ) (768 ) — (6,555 ) Issuance of common stock, net 1,286,680 — — — 1,286,680 Cash distribution from (to) affiliates 107,232 (6,943 ) (100,289 ) — — Cash distribution to common stockholders (1,024,968 ) — — — (1,024,968 ) Cash distribution to redeemable OP unitholders — — (8,640 ) — (8,640 ) Contributions from noncontrolling interests — — 7,326 — 7,326 Distributions to noncontrolling interests — — (6,879 ) — (6,879 ) Other 17,252 — — — 17,252 Net cash provided by (used in) financing activities 1,376,252 93,237 (1,372,651 ) — 96,838 Net increase (decrease) in cash and cash equivalents 254,959 — (20,423 ) — 234,536 Effect of foreign currency translation on cash and cash equivalents (56,389 ) — 55,537 — (852 ) Cash and cash equivalents at beginning of period 11,733 — 41,290 — 53,023 Cash and cash equivalents at end of period $ 210,303 $ — $ 76,404 $ — $ 286,707 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2015 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash (used in) provided by operating activities $ (115,977 ) $ 16,528 $ 1,498,280 $ — $ 1,398,831 Cash flows from investing activities: Net investment in real estate property (2,650,788 ) — — — (2,650,788 ) Investment in loans receivable and other — — (171,144 ) — (171,144 ) Proceeds from real estate disposals 492,408 — — — 492,408 Proceeds from loans receivable — — 109,176 — 109,176 Proceeds from sale or maturity of marketable securities 76,800 — — — 76,800 Funds held in escrow for future development expenditures — — 4,003 — 4,003 Development project expenditures — — (119,674 ) — (119,674 ) Capital expenditures — (15,733 ) (91,754 ) — (107,487 ) Investment in unconsolidated entities (26,282 ) — (30,704 ) — (56,986 ) Net cash used in investing activities (2,107,862 ) (15,733 ) (300,097 ) — (2,423,692 ) Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — (584,000 ) (139,457 ) — (723,457 ) Net cash impact of CCP spin-off 1,273,000 — (1,401,749 ) — (128,749 ) Proceeds from debt — 2,292,568 220,179 — 2,512,747 Issuance of debt related to CCP spin-off — — 1,400,000 — 1,400,000 Repayment of debt — (705,000 ) (730,596 ) — (1,435,596 ) Net change in intercompany debt 1,782,954 (1,008,773 ) (774,181 ) — — Purchase of noncontrolling interests — — (3,819 ) — (3,819 ) Payment of deferred financing costs — (22,297 ) (2,368 ) — (24,665 ) Issuance of common stock, net 491,023 — — — 491,023 Cash distribution (to) from affiliates (315,466 ) 26,707 288,759 — — Cash distribution to common stockholders (1,003,413 ) — — — (1,003,413 ) Cash distribution to redeemable OP unitholders — — — (15,095 ) — (15,095 ) Purchases of redeemable OP units — — (33,188 ) — (33,188 ) Distributions to noncontrolling interests — — (12,649 ) — (12,649 ) Other (81 ) — — — (81 ) Net cash provided by (used in) financing activities 2,228,017 (795 ) (1,204,164 ) — 1,023,058 Net increase (decrease) in cash and cash equivalents 4,178 — (5,981 ) — (1,803 ) Effect of foreign currency translation on cash and cash equivalents (17,302 ) — 16,780 — (522 ) Cash and cash equivalents at beginning of period 24,857 — 30,491 — 55,348 Cash and cash equivalents at end of period $ 11,733 $ — $ 41,290 $ — $ 53,023

Description of Business (Detail

Description of Business (Details)	12 Months Ended
	Dec. 31, 2017propertytenant
Real estate properties
Number of real estate properties	1,200
Number of properties leased under triple-net leases	546
Concentration risk, number of tenants | tenant	3
Brookdale Senior Living
Real estate properties
Number of properties leased under triple-net leases	135
Number of seniors housing communities managed by Brookdale under long term management agreement	1
Kindred
Real estate properties
Number of properties leased under triple-net leases	31
Development Projects
Real estate properties
Number of properties under development	14
Number of properties included in investments in unconsolidated entities	4
Seniors Housing Communities
Real estate properties
Number of independent third party managed properties	297
Medical Office Buildings | Kindred
Real estate properties
Number of properties leased under triple-net leases	1
Ardent | Specialty Hospitals and Healthcare Assets | Ardent
Real estate properties
Number of properties leased under triple-net leases	10

Accounting Policies (Schedule o

Accounting Policies (Schedule of VIEs) (Details) - Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
NHP/PMB L.P.
Variable Interest Entity [Line Items]
Total assets	$ 605,150	$ 639,763
Total liabilities	199,958	199,674
Ventas Realty Capital Healthcare Trust Operating Partnership, LP
Variable Interest Entity [Line Items]
Total assets	0	2,143,139
Total liabilities	0	162,426
Other Identified VIEs
Variable Interest Entity [Line Items]
Total assets	1,983,124	1,882,336
Total liabilities	349,961	354,034
Tax Credit VIEs
Variable Interest Entity [Line Items]
Total assets	988,598	981,752
Total liabilities	$ 221,908	$ 234,109

Accounting Policies (Redeemable

Accounting Policies (Redeemable OP Unitholder and Noncontrolling Interests) (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2017USD ($)shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)
Redeemable OP Unitholder Interests [Line Items]
Conversion of stock, value redeemed | $	$ 20,900
Capital Unit, Class C
Redeemable OP Unitholder Interests [Line Items]
Capital units redeemed (units)	341,776	341,776
General Partner
Redeemable OP Unitholder Interests [Line Items]
Redeemable OP unitholder interests | $		$ 146,252	$ 177,177
NHP/PMB L.P.
Redeemable OP Unitholder Interests [Line Items]
Unit conversion factor for common stock		0.9051
NHP/PMB L.P. | LImited Partner | Capital Unit, Class A
Redeemable OP Unitholder Interests [Line Items]
Limited partners' units outstanding		2,700,000
Percentage of ownership interest on total units outstanding		27.20%
NHP/PMB L.P. | General Partner | Capital Unit, Class B
Redeemable OP Unitholder Interests [Line Items]
Percentage of ownership interest on total units outstanding		72.80%
General partner's units outstanding		7,200,000
Common Stock
Redeemable OP Unitholder Interests [Line Items]
Conversion of stock, shares issued (in shares)	341,776	390,403
Conversion of stock, value redeemed | $		$ 24,000

Accounting Policies (Accounting

Accounting Policies (Accounting for Historic and New Markets Tax Credits) (Details)	Dec. 31, 2017property
Real Estate [Line Items]
Number of real estate properties	1,200
Maximum of qualified investment potentially received as new market tax credit	39.00%
Amount of recapture per year historic tax credits are subject to one year after completion of project	20.00%
Amount of recapture new market tax credits are subject to until the end of the seventh year following the qualified investment	100.00%
Life Science Research and Medical Campus | Real Estate Properties That Qualify For Certain Tax Credits
Real Estate [Line Items]
Number of real estate properties	11

Accounting Policies (Business C

Accounting Policies (Business Combinations) (Details)	12 Months Ended
	Dec. 31, 2017
Building
Business Acquisition [Line Items]
Estimated remaining life (in years)	35 years

Accounting Policies (Deferred F

Accounting Policies (Deferred Financing Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Amortization of debt issuance costs	$ 18.9	$ 17.9	$ 18.7

Accounting Policies (Revenue Re

Accounting Policies (Revenue Recognition) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenue Recognition [Abstract]
Straight-line rent receivables, net	$ 267,579	$ 244,580
Allowance for straight-line rent receivable	$ 117,800	$ 109,800
Term of resident lease agreements, minimum	12 months
Term of resident lease agreements, maximum	18 months
Notice period to cancel lease agreements by resident	30 days

Accounting Policies (Segments)

Accounting Policies (Segments) (Details) - segment	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Number of reportable segments	3	3	3

Accounting Policies (Recently I

Accounting Policies (Recently Issued or Adopted Accounting Standards) (Details) $ in Millions	Dec. 31, 2015USD ($)
Accounting Policies [Abstract]
Deferred gain on sale of property	$ 31.2

Concentration of Credit Risk (D

Concentration of Credit Risk (Details) - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2017provincestate
Concentration Risk [Line Items]
Number of US states in which entity operates	46
Number of Canadian provinces in which entity operates | province	7
Number of states accounting for more than ten percent of revenues and net operating income	1
Total Gross Book Value of Properties | Triple-Net Leased Properties
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	25.90%
Total Gross Book Value of Properties | Senior Living Operations
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	35.10%
Atria | Total Gross Book Value of Properties
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	22.30%
Sunrise | Total Gross Book Value of Properties
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	10.80%
Brookdale Senior Living | Total Gross Book Value of Properties
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	7.50%
Ardent | Total Gross Book Value of Properties
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	4.90%
Kindred | Total Gross Book Value of Properties
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	1.10%
MOB's, Life Science and Innovation Centers, LTAC's, Health Systems, SNF's and Secured Loans Receivables | Total Gross Book Value of Properties
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	39.00%

Triple-Net Leased Properties (D

Triple-Net Leased Properties (Details) - property	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Real estate properties
Number of properties leased under triple-net leases	546
Brookdale Senior Living | Revenues
Real estate properties
Concentration risk	4.70%	4.80%	5.30%
Brookdale Senior Living | Net Operating Income
Real estate properties
Concentration risk	8.00%	8.30%	9.30%
Ardent | Revenues
Real estate properties
Concentration risk	3.10%	3.10%	1.30%
Ardent | Net Operating Income
Real estate properties
Concentration risk	5.30%	5.30%	2.30%
Kindred | Revenues
Real estate properties
Concentration risk	4.60%	5.40%	5.70%
Kindred | Net Operating Income
Real estate properties
Concentration risk	7.90%	9.20%	9.90%
Brookdale Senior Living
Real estate properties
Number of seniors housing communities included in senior living operations	1
Number of properties leased under triple-net leases	135
Kindred
Real estate properties
Number of properties leased under triple-net leases	31
Kindred | Medical Office Buildings
Real estate properties
Number of properties leased under triple-net leases	1

Concentration of Risk (Minimum

Concentration of Risk (Minimum Rents) (Details) $ in Thousands	Dec. 31, 2017USD ($)
Concentration Risk [Line Items]
2,018	$ 1,368,239
2,019	1,304,043
2,020	1,134,968
2,021	1,053,301
2,022	942,014
Thereafter	5,271,746
Total	11,074,311
Brookdale Senior Living
Concentration Risk [Line Items]
2,018	162,346
2,019	151,999
2,020	35,192
2,021	14,071
2,022	3,339
Thereafter	7,498
Total	374,445
Ardent
Concentration Risk [Line Items]
2,018	113,361
2,019	113,361
2,020	113,361
2,021	113,361
2,022	113,361
Thereafter	1,435,906
Total	2,002,711
Kindred
Concentration Risk [Line Items]
2,018	126,087
2,019	126,127
2,020	126,169
2,021	126,211
2,022	126,254
Thereafter	247,566
Total	878,414
Other Lease Agreements
Concentration Risk [Line Items]
2,018	966,445
2,019	912,556
2,020	860,246
2,021	799,658
2,022	699,060
Thereafter	3,580,776
Total	$ 7,818,741

Senior Living Operations and Of

Senior Living Operations and Office Operations (Details)	Dec. 31, 2017propertyboard_member
Concentration Risk [Line Items]
Ownership interests in properties accounted for under the equity method	25.00%
Atria
Concentration Risk [Line Items]
Ownership interests in properties accounted for under the equity method	34.00%
Atria | Minimum
Concentration Risk [Line Items]
Number of board members appointed | board_member	2
Atria | Maximum
Concentration Risk [Line Items]
Number of board members appointed | board_member	6
Seniors Housing Communities | Atria and Sunrise
Concentration Risk [Line Items]
Number of independent third party managed properties | property	273
Seniors Housing Communities
Concentration Risk [Line Items]
Number of independent third party managed properties | property	297

Acquisitions of Real Estate P64

Acquisitions of Real Estate Property (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)	Oct. 31, 2015property	Dec. 31, 2017USD ($)property	Dec. 31, 2016USD ($)property
Business Acquisition [Line Items]
Payments to acquire businesses | $			$ 691,300
Net real estate property | $			$ 20,588,380	$ 20,394,754
Life Sciences Acquisition
Business Acquisition [Line Items]
Payments to acquire businesses | $	$ 1,500,000
Other 2016 Acquisitions
Business Acquisition [Line Items]
Payments to acquire businesses | $				42,300
Development Projects 2016
Business Acquisition [Line Items]
Net real estate property | $				$ 31,900
Triple-Net Leased Properties
Business Acquisition [Line Items]
Number of businesses acquired			15
Properties acquired previously owned by equity method investee			6
Number of properties in which development has been completed within reporting period			1
Triple-Net Leased Properties | Other 2016 Acquisitions
Business Acquisition [Line Items]
Number of real estate properties acquired				1
Triple-Net Leased Properties | Development Projects 2016
Business Acquisition [Line Items]
Number of real estate properties completed				3
Medical Office Buildings
Business Acquisition [Line Items]
Properties acquired previously owned by equity method investee		8
Medical Office Buildings | Other 2016 Acquisitions
Business Acquisition [Line Items]
Number of real estate properties acquired				2
Seniors Housing Communities
Business Acquisition [Line Items]
Number of businesses acquired			3
Seniors Housing Communities | Development Projects 2016
Business Acquisition [Line Items]
Number of real estate properties completed				2
Development Assets
Business Acquisition [Line Items]
Net real estate property | $			$ 6,900
Office Operations
Business Acquisition [Line Items]
Number of businesses acquired			4
Office Operations | Life Science Research and Medical Campus
Business Acquisition [Line Items]
Number of businesses acquired			3
Office Operations | Medical Office Buildings
Business Acquisition [Line Items]
Number of businesses acquired			1

Acquisitions of Real Estate P65

Acquisitions of Real Estate Property (Details) 2 $ / shares in Units, $ in Thousands, shares in Millions	Aug. 04, 2015USD ($)property	Aug. 31, 2015property	Jan. 31, 2015USD ($)property$ / sharesshares	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 ($)	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)property
Business Acquisition [Line Items]
Total cash used												$ 691,300
Revenues				$ 895,288	$ 899,928	$ 895,490	$ 883,443	$ 875,713	$ 867,116	$ 848,404	$ 852,289	3,574,149	$ 3,443,522	$ 3,286,398
Business acquisition transaction costs								19,100					19,100	99,000
Net real estate property				$ 20,588,380				20,394,754				20,588,380	20,394,754
Payments to acquire equity method investments												$ 61,220	6,436	56,986
Ownership interests in properties accounted for under the equity method				25.00%								25.00%
Goodwill				$ 1,034,641				1,033,225				$ 1,034,641	1,033,225
Other 2016 Acquisitions
Business Acquisition [Line Items]
Total cash used													42,300
2016 Acquisitions
Business Acquisition [Line Items]
Land and improvements								65,105					65,105
Buildings and improvements								1,324,234					1,324,234
Acquired lease intangibles								200,185					200,185
Other assets								99,777					99,777
Total assets acquired								1,689,301					1,689,301
Notes payable and other debt assumed								47,641					47,641
Intangible liabilities								103,769					103,769
Other liabilities								65,172					65,172
Total liabilities assumed								216,582					216,582
Net assets acquired								1,448,063					1,448,063
Noncontrolling interest assumed								24,656					24,656
Cash acquired								19,119					19,119
Total cash used													1,428,944
Revenues													55,700
Operating income													$ 37,700
American Realty Capital Healthcare Trust
Business Acquisition [Line Items]
Notes payable and other debt assumed			$ 167,000
Total cash used			$ 11,000
Number of real estate properties acquired | property			152
Business combination consideration transferred stock conversion ratio rer acquiree share			0.1688
Business combination consideration transferred price per acquiree share | $ / shares			$ 11.33
Repayments of debt			$ 730,000
American Realty Capital Healthcare Trust | Common Stock
Business Acquisition [Line Items]
Business acquisition equity interest issued number of shares | shares			28.4
Limited Partnership Units
Business Acquisition [Line Items]
Business acquisition equity interest issued number of shares | shares			1.1
Ardent
Business Acquisition [Line Items]
Business combination recognized identifiable assets acquired, property, plant, and equipment	$ 1,300,000
Payments to acquire equity method investments	$ 26,300
Ownership interests in properties accounted for under the equity method	9.90%
2015 Acquisitions
Business Acquisition [Line Items]
Land and improvements														434,586
Buildings and improvements														3,643,689
Acquired lease intangibles														437,769
Other assets														849,715
Total assets acquired														5,365,759
Notes payable and other debt assumed														177,857
Other liabilities														137,897
Total liabilities assumed														315,754
Net assets acquired														5,050,005
Noncontrolling interest assumed														88,085
Cash acquired														59,584
Equity issued														2,216,355
Total cash used														2,685,981
Revenues														327,000
Operating income														201,900
Goodwill														746,900
2015 Acquisitions | Discontinued Operations
Business Acquisition [Line Items]
Business acquisition transaction costs														4,100
Other 2015 Acquisitions
Business Acquisition [Line Items]
Business combination consideration transferred														$ 612,000
Triple-Net Leased Properties | Other 2016 Acquisitions
Business Acquisition [Line Items]
Number of real estate properties acquired | property													1
Triple-Net Leased Properties | Ardent
Business Acquisition [Line Items]
Number of real estate properties acquired | property	10
Triple-Net Leased Properties | Other 2015 Acquisitions
Business Acquisition [Line Items]
Number of real estate properties acquired | property														11
Medical Office Buildings | Other 2016 Acquisitions
Business Acquisition [Line Items]
Number of real estate properties acquired | property													2
Office Operations | Other 2015 Acquisitions
Business Acquisition [Line Items]
Number of real estate properties acquired | property														9
Office Operations | Other 2015 Acquisitions | Unconsolidated Properties
Business Acquisition [Line Items]
Number of real estate properties acquired | property														8
Skilled Nursing Facilities | American Realty Capital Healthcare Trust
Business Acquisition [Line Items]
Number of real estate properties acquired | property		20
Skilled Nursing Facilities | Other 2015 Acquisitions
Business Acquisition [Line Items]
Number of real estate properties acquired | property														12
Office Operations
Business Acquisition [Line Items]
Goodwill				469,898								469,898
Office Operations | 2016 Acquisitions
Business Acquisition [Line Items]
Land and improvements								63,526					$ 63,526
Buildings and improvements								1,311,676					1,311,676
Acquired lease intangibles								200,022					200,022
Other assets								99,777					99,777
Total assets acquired								1,675,001					1,675,001
Notes payable and other debt assumed								47,641					47,641
Intangible liabilities								103,769					103,769
Other liabilities								64,792					64,792
Total liabilities assumed								216,202					216,202
Net assets acquired								1,434,143					1,434,143
Noncontrolling interest assumed								24,656					24,656
Cash acquired								19,119					19,119
Total cash used													1,415,024
Office Operations | 2015 Acquisitions
Business Acquisition [Line Items]
Land and improvements														$ 173,307
Buildings and improvements														1,214,546
Acquired lease intangibles														184,540
Other assets														402,734
Total assets acquired														1,975,127
Notes payable and other debt assumed														99,917
Other liabilities														46,565
Total liabilities assumed														146,482
Net assets acquired														1,828,645
Goodwill														394,200
Triple-Net Leased Properties
Business Acquisition [Line Items]
Goodwill				305,261								305,261
Triple-Net Leased Properties | 2016 Acquisitions
Business Acquisition [Line Items]
Land and improvements								1,579					1,579
Buildings and improvements								12,558					12,558
Acquired lease intangibles								163					163
Other assets								0					0
Total assets acquired								14,300					14,300
Notes payable and other debt assumed								0					0
Intangible liabilities								0					0
Other liabilities								380					380
Total liabilities assumed								380					380
Net assets acquired								13,920					13,920
Noncontrolling interest assumed								0					0
Cash acquired								$ 0					0
Total cash used													$ 13,920
Triple-Net Leased Properties | 2015 Acquisitions
Business Acquisition [Line Items]
Land and improvements														190,566
Buildings and improvements														1,726,063
Acquired lease intangibles														169,362
Other assets														174,093
Total assets acquired														2,260,084
Notes payable and other debt assumed														0
Other liabilities														45,924
Total liabilities assumed														45,924
Net assets acquired														2,214,160
Goodwill														133,600
Triple-Net Leased Properties | Development Projects, 2015
Business Acquisition [Line Items]
Net real estate property														$ 9,300
Triple-Net Leased Properties | Seniors Housing Communities | Development Projects, 2015
Business Acquisition [Line Items]
Number of real estate properties completed | property														1
Senior Living Operations
Business Acquisition [Line Items]
Goodwill				$ 259,482								$ 259,482
Senior Living Operations | 2015 Acquisitions
Business Acquisition [Line Items]
Land and improvements														$ 70,713
Buildings and improvements														703,080
Acquired lease intangibles														83,867
Other assets														272,888
Total assets acquired														1,130,548
Notes payable and other debt assumed														77,940
Other liabilities														45,408
Total liabilities assumed														123,348
Net assets acquired														1,007,200
Goodwill														$ 219,100

Dispositions (Details)

Dispositions (Details)	1 Months Ended	12 Months Ended
	Aug. 31, 2017property	Dec. 31, 2017USD ($)property	Dec. 31, 2016USD ($)property	Dec. 31, 2015USD ($)propertyloan	Nov. 30, 2016USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deferred gain on sale of property				$ 31,200,000
Secured Debt
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of loans | loan				1
Debt instrument, face amount				$ 78,400,000
Non-mortgaged
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of loans | loan				1
Debt instrument, face amount				$ 20,000,000
Kindred
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Potential revenue from sale of real estate					$ 700,000,000
Skilled Nursing Facilities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | property	22
Proceeds from sale of real estate		$ 700,000,000
Gain (loss) on disposition of assets		657,600,000
2017 Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate		870,800,000
Net gain on the sales of assets, net of tax		$ 717,300,000
2017 Dispositions | Triple-Net Leased Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | property		53
2017 Dispositions | Medical Office Buildings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | property		5
2017 Dispositions | Skilled Nursing Facilities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | property		36
2016 Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate			$ 300,800,000
Net gain on the sales of assets, net of tax			$ 98,200,000
2016 Dispositions | Triple-Net Leased Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | property			29
2016 Dispositions | Medical Office Buildings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | property			6
2016 Dispositions | Senior Living Operations | Seniors Housing Communities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | property			1
2015 Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain on the sales of assets, net of tax				46,300,000
Proceeds from disposition of assets including termination fees				541,000,000
Lease termination fees				6,000,000
Deferred gain on sale of property				$ 27,400,000
2015 Dispositions | Triple-Net Leased Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | property				39
2015 Dispositions | Office Operations | Medical Office Buildings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold | property				26

Dispositions (Real Estate Asset

Dispositions (Real Estate Assets Held for Sale) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)property	Dec. 31, 2016USD ($)propertyparcel	Dec. 31, 2015USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties held for sale | property	8	7
Assets held for sale	$ 100,324	$ 54,961
Liabilities held for sale	61,202	1,462
Impairment of real estate	$ 37,500	$ 35,200	$ 42,200
Triple-Net Leased Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties held for sale | property	0	0
Assets held for sale	$ 0	$ 0
Liabilities held for sale	$ 0	$ 0
Office Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties held for sale | property	8	7
Assets held for sale	$ 100,324	$ 53,151
Liabilities held for sale	$ 61,202	$ 1,462
Senior Living Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties held for sale | property	0	0
Assets held for sale	$ 0	$ 1,810
Liabilities held for sale	$ 0	$ 0
Seniors Housing Communities And Hospitals
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel classified as held for sale | parcel		1

Dispositions (CCP Balance Sheet

Dispositions (CCP Balance Sheet) (Details) $ in Thousands	Aug. 17, 2015USD ($)propertyshares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from debt related to CCP Spin-Off		$ 0	$ 0	$ 1,400,000
Repayment of debt		1,369,084	1,022,113	1,435,596
Payments of ordinary dividends		827,285	1,024,968	1,003,413
Assets
Total assets		100,324	54,961
Liabilities
Total liabilities		$ 61,202	$ 1,462
CCP | Spinoff
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties, contributed to spin-off | property	355
Shares converted related to CCP spin-off | shares	4
Shares issued related to CCP spin-off | shares	1
Proceeds from debt related to CCP Spin-Off	$ 1,400,000
Distribution from CCP	1,300,000
Repayment of debt	1,100,000
Payments of ordinary dividends	200,000
Assets
Net real estate investments	2,588,255
Cash and cash equivalents	1,749
Goodwill	135,446
Assets held for sale	7,610
Other assets	15,089
Total assets	2,748,149
Liabilities
Accounts payable and other liabilities	217,760
Liabilities related to assets held for sale	985
Total liabilities	218,745
Net assets	$ 2,529,404
Separation costs related to CCP spin-off				42,300
Stock-based compensation expense included in separation costs related to CCP spin-off				$ 3,500

Dispositions (Results of Operat

Dispositions (Results of Operations) (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
Expenses:
Net (loss) income from discontinued operations	$ (15)	$ (19)	$ (23)	$ (53)	$ (167)	$ (118)	$ (148)	$ (489)	$ (110)	$ (922)	$ 11,103
CCP
Expenses:
Related party service fee											2,500
Revenue from related parties										1,600	900
CCP | Spinoff
Revenues
Rental income									0	0	196,848
Income from loans and investments									0	0	2,148
Interest and other income									0	0	63
Total Revenues									0	0	199,059
Expenses:
Interest									0	0	61,613
Depreciation and amortization									0	0	79,479
General, administrative and professional fees									0	0	9
Merger-related expenses and deal costs									110	922	46,402
Other									0	0	1,332
Total expenses									110	922	188,835
Net (loss) income from discontinued operations									(110)	(922)	10,224
Net income attributable to noncontrolling interests									0	0	120
Net (loss) income from discontinued operations attributable to common stockholders									$ (110)	$ (922)	10,104
Capital and development project expenditures											$ 21,800

Loans Receivable and Investme70

Loans Receivable and Investments (Narrative 1) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Loans Receivable And Investments [Abstract]
Net loans receivable and investments relating to seniors housing and healthcare operators or properties	$ 1,406,216	$ 754,565

Loans Receivable and Investme71

Loans Receivable and Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured loan receivable, carrying amount and amortized cost	$ 565,875
Secured loans, unsecured loans, and other available-for-sale securities, amortized cost	1,405,414	$ 753,326
Secured loans, unsecured loans, and other available-for-sale securities, fair value	1,399,836	764,656
Available-for-sale securities, unrealized gain (loss)	802	1,239
Non-mortgage loans receivable, net	59,857	52,544
Total loans receivable and investments, net	1,406,216	754,565
Total Investments Reported as Secured Loans Receivable and Investments, Net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured loans, unsecured loans, and other available-for-sale securities, carrying amount	1,346,359	702,021
Secured loans, unsecured loans, and other available-for-sale securities, amortized cost	1,345,557	700,782
Secured loans, unsecured loans, and other available-for-sale securities, fair value	1,340,987	711,030
Available-for-sale securities, unrealized gain (loss)	802	1,239
Total Investments Reported as Other Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured loans, unsecured loans, and other available-for-sale securities, carrying amount	59,857	52,544
Secured loans, unsecured loans, and other available-for-sale securities, amortized cost	59,857	52,544
Secured loans, unsecured loans, and other available-for-sale securities, fair value	58,849	53,626
Available-for-sale securities, unrealized gain (loss)	0	0
Government-sponsored pooled loan investments
Accounts, Notes, Loans and Financing Receivable [Line Items]
Available-for-sale securities	54,665	55,049
Available-for-sale securities, amortized cost	53,863	53,810
Available-for-sale securities, unrealized gain (loss)	802	1,239
Secured Mortgage Loans and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Secured loan receivable, carrying amount and amortized cost	1,291,694	646,972
Mortgage loans and other, fair value	1,286,322	655,981
Available-for-sale securities, unrealized gain (loss)	0	0
Non-Mortgage Loans Receivable, Net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Available-for-sale securities, unrealized gain (loss)	0	0
Non-mortgage loans receivable, net	59,857	52,544
Non-mortgage loans receivable, fair value	$ 58,849	$ 53,626

Loans Receivable and Investme72

Loans Receivable and Investments (Narrative 2) (Details)	1 Months Ended	12 Months Ended
	Feb. 29, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)loan	Dec. 31, 2015USD ($)loan	Mar. 31, 2017USD ($)	Sep. 30, 2016loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from collection of loans receivable			$ 309,000,000
Gains on real estate loan investments		$ 124,000	2,271,000	$ 0
Investment in loans receivable and other		$ 748,119,000	$ 158,635,000	171,144,000
Secured Debt
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument, face amount				$ 78,400,000
Number of loans acquired | loan				1
Secured Mortgage Loans and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans collected | loan			3
Investment in loans receivable and other	$ 140,000,000
Secured loan, stated interest rate, percentage	9.95%
Life Sciences Acquisition | Non-Mortgage Loans Receivable, Net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans acquired | loan						3
LHP | Secured Debt
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument, face amount					$ 700,000,000
Weighted interest rate		9.30%
Partial Payments of Loan Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from collection of loans receivable		$ 37,600,000
Partial Payments of Loan Receivable | Secured Mortgage Loans and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gains on real estate loan investments			$ 9,600,000
Number of loans collected | loan			1
Full Repayments on Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from collection of loans receivable		35,500,000
Gains on real estate loan investments		600,000
Revolving Credit Facility | LHP | Secured Debt
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument, face amount					$ 60,000,000
Financing receivable		$ 28,000,000

Investments in Unconsolidated73

Investments in Unconsolidated Entities (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 28, 2017USD ($)property	Oct. 31, 2015USD ($)property	Dec. 31, 2017USD ($)property	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Equity method investments
Ownership interests in properties accounted for under the equity method			25.00%
Number of properties accounted for under equity method | property			31
Management fees earned in connection with unconsolidated entities			$ 6,300	$ 6,700	$ 7,800
Gain (Loss) on re-measurement of equity interests upon acquisition, net			(3,027)	$ 0	$ 176
Payments to acquire businesses			$ 691,300
Atria
Equity method investments
Ownership interests in properties accounted for under the equity method			34.00%
Ardent
Equity method investments
Ownership interests in properties accounted for under the equity method			9.90%
Medical Office Buildings
Equity method investments
Ownership interests acquired in properties that had been accounted for under the equity method		95.00%
Properties acquired previously owned by equity method investee | property		8
Ownership interests before acquisition		5.00%
Gain (Loss) on re-measurement of equity interests upon acquisition, net		$ (200)
Seniors Housing Communities
Equity method investments
Properties acquired previously owned by equity method investee | property	6
Gain (Loss) on re-measurement of equity interests upon acquisition, net	$ 3,000
Payments to acquire businesses	$ 100,000

Intangibles (Details)

Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Intangible assets:
Goodwill	$ 1,034,641	$ 1,033,225
Accumulated amortization	(861,452)	(769,558)
Net intangible assets	$ 1,747,074	$ 1,810,079
Remaining weighted average amortization period in years	21 years 8 months 12 days	21 years 6 months
Intangible liabilities:
Below market lease intangibles	$ 359,099	$ 345,103
Other lease intangibles	40,141	40,843
Accumulated amortization	(160,965)	(133,468)
Purchase option intangibles	3,568	3,568
Net intangible liabilities	$ 241,843	$ 256,046
Below market leases, remaining weighted average amortization period	13 years 8 months 12 days	14 years 1 month 6 days
Other lease intangibles, remaining weighted average amortization period	40 years 9 months 18 days	38 years 6 months
Net intangible liabilities, remaining weighted average amortization period	15 years 7 months 6 days	15 years 10 months 24 days
Intangibles
Net amortization expense	$ 67,200	$ 104,500	$ 142,700
Estimated net amortization of the intangibles during 2018	55,591
Estimated net amortization of the intangibles during 2019	46,137
Estimated net amortization of the intangibles during 2020	40,085
Estimated net amortization of the intangibles during 2021	37,180
Estimated net amortization of the intangibles during 2022	30,580
Above Market Lease Intangibles
Intangible assets:
Intangible assets	$ 184,775	$ 184,993
Remaining weighted average amortization period in years	7 years	6 years 10 months 24 days
In-Place and Other Lease Intangibles
Intangible assets:
Intangible assets	$ 1,353,220	$ 1,325,636
Remaining weighted average amortization period in years	23 years 7 months 6 days	23 years 7 months 6 days
Other Intangibles
Intangible assets:
Other finite-lived intangible assets	$ 35,890	$ 35,783
Remaining weighted average amortization period in years	12 years 3 months 18 days	11 years 3 months 18 days
Triple-Net Leased Properties
Intangible assets:
Goodwill	$ 305,261

Intangibles (Goodwill) (Details

Intangibles (Goodwill) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Goodwill [Line Items]
Goodwill	$ 1,034,641
Goodwill, period increase	1,400
Triple-Net Leased Properties
Goodwill [Line Items]
Goodwill	305,261
Senior Living Operations
Goodwill [Line Items]
Goodwill	259,482
Office Operations
Goodwill [Line Items]
Goodwill	$ 469,898

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Straight-line rent receivables, net	$ 267,579	$ 244,580
Non-mortgage loans receivable, net	59,857	52,544
Other intangible assets, net	6,496	8,190
Investment in unconsolidated operating entities	49,738	28,431
Other	189,275	184,619
Total other assets	$ 572,945	$ 518,364

Borrowing Arrangements (Summary

Borrowing Arrangements (Summary of Senior Notes Payable and Other Debt) (Details) - USD ($)	Dec. 31, 2017	Apr. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Feb. 29, 2016
Debt Instrument [Line Items]
Interest rate					1.132%
Long-term debt, gross	$ 11,365,633,000			$ 11,190,914,000
Debt issuance costs, net	73,093,000			61,304,000
Unamortized fair value adjustment	12,139,000			25,224,000
Debt instrument, unamortized discount	28,617,000			27,508,000
Long-term Debt	11,276,062,000			11,127,326,000
Unsecured revolving credit facilities
Debt Instrument [Line Items]
Long-term debt, gross	535,832,000			146,538,000
Unsecured revolving credit facilities | Canadian Dollars
Debt Instrument [Line Items]
Long-term debt, gross	28,700,000			146,500,000
Secured revolving construction credit facility due 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,868,000			0
1.250% Senior Notes due 2017
Debt Instrument [Line Items]
Interest rate	1.25%	1.25%
Long-term debt, gross	$ 0			300,000,000
2.00% Senior Notes due 2018
Debt Instrument [Line Items]
Interest rate	2.00%
Long-term debt, gross	$ 700,000,000			700,000,000
Unsecured term loan due 2018
Debt Instrument [Line Items]
Long-term debt, gross	0			200,000,000
Unsecured Term Loan Due 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 0			371,215,000
4.00% Senior Notes due 2019
Debt Instrument [Line Items]
Interest rate	4.00%
Long-term debt, gross	$ 600,000,000			600,000,000
3.00% Senior Notes, Series A due 2019
Debt Instrument [Line Items]
Interest rate	3.00%
Long-term debt, gross	$ 318,041,000			297,841,000
2.700% Senior Notes due 2020
Debt Instrument [Line Items]
Interest rate	2.70%
Long-term debt, gross	$ 500,000,000			500,000,000
Unsecured term loan due 2020
Debt Instrument [Line Items]
Long-term debt, gross	$ 900,000,000			900,000,000
4.750% Senior Notes due 2021
Debt Instrument [Line Items]
Interest rate	4.75%
Long-term debt, gross	$ 700,000,000			700,000,000
4.25% Senior Notes due 2022
Debt Instrument [Line Items]
Interest rate	4.25%
Long-term debt, gross	$ 600,000,000			600,000,000
3.25% Senior Notes due 2022
Debt Instrument [Line Items]
Interest rate	3.25%
Long-term debt, gross	$ 500,000,000			500,000,000
3.300% Senior Notes due 2022
Debt Instrument [Line Items]
Interest rate	3.30%
Long-term debt, gross	$ 198,776,000			186,150,000
3.125% Senior Notes due 2023
Debt Instrument [Line Items]
Interest rate	3.125%
Long-term debt, gross	$ 400,000,000			400,000,000
3.100% Senior Notes due 2023
Debt Instrument [Line Items]
Interest rate	3.10%		3.10%
Long-term debt, gross	$ 400,000,000		$ 400,000,000	0
2.55% Senior Notes, Series D due 2023
Debt Instrument [Line Items]
Interest rate	2.55%
Long-term debt, gross	$ 218,653,000			0
3.750% Senior Notes due 2024
Debt Instrument [Line Items]
Interest rate	3.75%
Long-term debt, gross	$ 400,000,000			400,000,000
4.125% Senior Notes, Series B due 2024
Debt Instrument [Line Items]
Interest rate	4.125%
Long-term debt, gross	$ 198,776,000			186,150,000
3.500% Senior Notes due 2025
Debt Instrument [Line Items]
Interest rate	3.50%
Long-term debt, gross	$ 600,000,000			600,000,000
4.125% Senior Notes due 2026
Debt Instrument [Line Items]
Interest rate	4.125%
Long-term debt, gross	$ 500,000,000			500,000,000
3.25% Senior Notes due 2026
Debt Instrument [Line Items]
Interest rate	3.25%
Long-term debt, gross	$ 450,000,000			450,000,000
3.850% Senior Notes due 2027
Debt Instrument [Line Items]
Interest rate	3.85%
Long-term debt, gross	$ 400,000,000			0
6.90% Senior Notes due 2037
Debt Instrument [Line Items]
Interest rate	6.90%
Long-term debt, gross	$ 52,400,000			52,400,000
6.59% Senior Notes due 2038
Debt Instrument [Line Items]
Interest rate	6.59%
Long-term debt, gross	$ 22,973,000			22,973,000
5.45% Senior Notes due 2043
Debt Instrument [Line Items]
Interest rate	5.45%
Long-term debt, gross	$ 258,750,000			258,750,000
5.70% Senior Notes due 2043
Debt Instrument [Line Items]
Interest rate	5.70%
Long-term debt, gross	$ 300,000,000			300,000,000
4.375% Senior Notes due 2045
Debt Instrument [Line Items]
Interest rate	4.375%
Long-term debt, gross	$ 300,000,000			300,000,000
Mortgage loans and other
Debt Instrument [Line Items]
Long-term debt, gross	1,308,564,000			1,718,897,000
Unsecured Term Loan
Debt Instrument [Line Items]
Long-term debt, gross				571,200,000
Unsecured Term Loan | Canadian Dollars
Debt Instrument [Line Items]
Long-term debt, gross				92,600,000
Borrowings originally denominated in GBP | Unsecured revolving credit facilities
Debt Instrument [Line Items]
Long-term debt, gross	$ 31,100,000			$ 0

Borrowing Arrangements (Credit

Borrowing Arrangements (Credit Facilities and Unsecured Term Loans) (Details)	1 Months Ended		12 Months Ended
	Aug. 31, 2017property	Apr. 30, 2017USD ($)period	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt, net			$ (754,000)	$ (2,779,000)	$ (14,411,000)
Long-term debt, gross			11,365,633,000	11,190,914,000
Unsecured Debt
Debt Instrument [Line Items]
Loss on extinguishment of debt, net			(500,000)
Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross			$ 535,832,000	$ 146,538,000
Unsecured Revolving Credit Facility | Unsecured Term Loan Due 2019 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate				1.05%
Unsecured Term Loan Due 2020
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			0.975%
Long-term debt, gross			$ 900,000,000	$ 900,000,000
Unsecured Term Loan Due 2019
Debt Instrument [Line Items]
Extinguishment of debt			278,600,000
Long-term debt, gross			0	371,215,000
Unsecured Term Loan Due 2019 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.05%
Secured Revolving Construction Credit Facility Due 2022
Debt Instrument [Line Items]
Long-term debt, gross			2,868,000	$ 0
Line of credit facility, remaining borrowing capacity			2,900,000
Unsecured Term Loan Due 2018
Debt Instrument [Line Items]
Extinguishment of debt			200,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Additional periods | period		2
Additional period term		6 months
Letters of credit outstanding			14,500,000
Line of credit facility, remaining borrowing capacity			2,400,000,000
Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.875%
Revolving Credit Facility | Accordion Feature
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 3,750,000,000
Revolving Credit Facility | Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 3,000,000,000
Line of credit, current borrowing capacity			$ 400,000,000
Previous Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.00%
Previous Revolving Credit Facility | Unsecured Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 2,000,000,000
Skilled Nursing Facilities
Debt Instrument [Line Items]
Number of real estate properties sold | property	22

Borrowing Arrangements (Senior

Borrowing Arrangements (Senior Notes) (Details) $ in Thousands, CAD in Millions

1 Months Ended

12 Months Ended

Jun. 30, 2017CAD

Apr. 30, 2017USD ($)

Mar. 31, 2017USD ($)

Sep. 30, 2016USD ($)

Jul. 31, 2016USD ($)

Jun. 30, 2016USD ($)

May 31, 2016USD ($)

Dec. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2017CAD

Feb. 29, 2016

Debt Instrument [Line Items]

Long-term debt, gross

$ 11,365,633

$ 11,190,914

Interest rate

1.132%

Gain (Loss) on extinguishment of debt, net

(754)

(2,779)

$ (14,411)

Senior Notes Due 2026 3.25%

Debt Instrument [Line Items]

Long-term debt, gross

$ 450,000

$ 400,000

Interest rate

3.25%

3.125%

Public offering price as percent of par

99.811%

99.343%

Proceeds from public offering sale of debt

$ 449,100

$ 397,400

One Point Five Five Percent Senior Notes, Due 2016

Debt Instrument [Line Items]

Interest rate

1.55%

Public offering price as percent of par

100.335%

Gain (Loss) on extinguishment of debt, net

$ (300)

$ 2,100

Repayments of debt

$ 94,500

$ 455,500

3.100% Senior Notes due 2023

Debt Instrument [Line Items]

Long-term debt, gross

$ 400,000

$ 400,000

0

Interest rate

3.10%

3.10%

3.10%

Public offering price as percent of par

99.28%

Proceeds from public offering sale of debt

$ 397,100

Senior Notes Due 2027

Debt Instrument [Line Items]

Long-term debt, gross

$ 400,000

Interest rate

3.85%

Public offering price as percent of par

99.196%

Proceeds from public offering sale of debt

$ 396,800

1.250% Senior Notes due 2017

Debt Instrument [Line Items]

Long-term debt, gross

$ 0

300,000

Interest rate

1.25%

1.25%

1.25%

Repayments of debt

$ 300,000

Two Point Five Five Senior Notes 2023

Debt Instrument [Line Items]

Long-term debt, gross | CAD

CAD 275

Interest rate

2.55%

Public offering price as percent of par

99.954%

Proceeds from public offering sale of debt | CAD

CAD 274.9

Unsecured Term Loan Due 2019

Debt Instrument [Line Items]

Long-term debt, gross

$ 0

$ 371,215

Repayments of debt | CAD

CAD 124.4

6.90% Senior Notes Due 2037 | Senior Notes

Debt Instrument [Line Items]

Interest rate

6.90%

6.90%

6.59% Senior Notes Due 2038 | Senior Notes

Debt Instrument [Line Items]

Interest rate

6.59%

6.59%

Ventas Realty Limited Partnership | Senior Notes

Debt Instrument [Line Items]

Long-term debt, gross

$ 7,600,000

Ventas Capital Corporation | Senior Notes

Debt Instrument [Line Items]

Long-term debt, gross

3,900,000

Ventas Canada Finance Limited | Senior Notes

Debt Instrument [Line Items]

Long-term debt, gross | CAD

CAD 1,200

Nationwide Health Properties Acquisitions | Senior Notes

Debt Instrument [Line Items]

Long-term debt, gross

$ 75,400

Borrowing Arrangements (Mortgag

Borrowing Arrangements (Mortgages) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)propertyloan	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Secured loan receivable, carrying amount and amortized cost	$ 565,875
Minimum percentage of total unencumbered assets as a percentage of unsecured debt required to be maintained (as a percent)		150.00%
Mortgage Loans and Other
Debt Instrument [Line Items]
Number of mortgage loans outstanding | loan	88
Secured loan receivable, carrying amount and amortized cost	$ 1,300,000
Number of properties securing debt | property	88
Number of mortgage loans with fixed interest rate | loan	77
Mortgage loans with fixed interest rate	$ 1,000,000
Number of mortgage loans with variable interest rate | loan	11
Mortgage loans outstanding with variable interest rate	$ 298,000
Weighted average annual rate on fixed rate mortgage loans	5.20%
Weighted average annual rate on variable rate mortgage loans	2.90%
Weighted average maturity period of mortgage loans	5 years 6 months
Repayments of debt	$ 411,400	$ 337,800	$ 461,900
Mortgage Loans and Other | Minimum
Debt Instrument [Line Items]
Long-term debt, percentage bearing fixed interest		3.00%
Long-term debt, percentage bearing variable interest		1.10%
Mortgage Loans and Other | Maximum
Debt Instrument [Line Items]
Long-term debt, percentage bearing fixed interest		8.60%
Long-term debt, percentage bearing variable interest		4.60%

Borrowing Arrangements (Schedul

Borrowing Arrangements (Scheduled Maturities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2017	Feb. 29, 2016	Dec. 31, 2015	Dec. 31, 2014
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
2,018		$ 807,447
2,019		1,346,331
2,020		1,464,497
2,021		1,320,175
2,022		1,429,270
Thereafter		4,997,913
Total maturities	$ 11,190,914	11,365,633
Unrestricted cash and cash equivalents	$ 286,707	81,355		$ 53,023	$ 55,348
Amount outstanding, net of cash and cash equivalents		454,500
Interest rate			1.132%
Minimum percentage of total unencumbered assets as a percentage of unsecured debt required to be maintained (as a percent)	150.00%
Principal Amount Due at Maturity
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
2,018		785,871
2,019		1,330,572
2,020		1,451,587
2,021		772,838
2,022		1,419,392
Thereafter		4,910,954
Total maturities		10,671,214
Unsecured Revolving Credit Facility
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
2,018		0
2,019		0
2,020		0
2,021		535,832
2,022		0
Thereafter		0
Total maturities	$ 146,538	535,832
Scheduled Periodic Amortization
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
2,018		21,576
2,019		15,759
2,020		12,910
2,021		11,505
2,022		9,878
Thereafter		86,959
Total maturities		$ 158,587
Senior Notes | 6.90% Senior Notes Due 2037
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
Thereafter	$ 52,400
Interest rate	6.90%
Senior Notes | 6.59% senior notes Due 2038
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
Thereafter	$ 23,000
Interest rate	6.59%

Borrowing Arrangements (Derivat

Borrowing Arrangements (Derivatives and Hedging (Details) - USD ($) $ in Millions	1 Months Ended
	Mar. 31, 2017	Jul. 31, 2016	Dec. 31, 2017	Jun. 30, 2017	Apr. 03, 2017	Sep. 30, 2016	May 31, 2016	Feb. 29, 2016
Derivative [Line Items]
Derivative notional amount		$ 225						$ 200
Interest rate								1.132%
Derivative gain	$ 0.8	$ 1.9
Senior Notes Due 2026 3.25%
Derivative [Line Items]
Interest rate						3.25%	3.125%
Senior Notes Due 2027
Derivative [Line Items]
Interest rate	3.85%
Swap | Variable Rate Debt
Derivative [Line Items]
Variable rate debt amount			$ 1,900
Derivative notional amount			549.9
Swap | Fixed Rate Debt
Derivative [Line Items]
Derivative notional amount			250.9
Fixed rate debt amount			9,400
Forward Contracts
Derivative [Line Items]
Derivative notional amount			$ 75	$ 125	$ 275
Weighted interest rate			2.3705%	2.1832%	2.33%
Interest Rate Swap
Derivative [Line Items]
Derivative notional amount	$ 400
Derivative, fixed interest rate	3.10%
Derivative, basis spread on variable rate	0.98%

Borrowing Arrangements (Fair Va

Borrowing Arrangements (Fair Value Adjustment) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Unamortized fair value adjustment	$ 12,139	$ 25,224
Unamortized fair value adjustment related to long-term debt	5,800
Estimated aggregate amortization of fair value adjustment related to long-term debt (reduction of interest expense) for each of the next five years:
2,018	2,821
2,019	2,105
2,020	1,664
2,021	1,058
2,022	$ 646

Fair Values of Financial Inst84

Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Government-Sponsored Pooled Loan Investments
Liabilities:
Derivative instruments	$ 54,665	$ 55,049
Carrying Amount
Liabilities:
Senior notes payable and other debt, gross	11,365,633	11,190,914
Derivative instruments	5,435	2,316
Cash and cash equivalents	81,355	286,707
Secured mortgage loans and other, net	1,291,694	646,972
Redeemable OP unitholder interests	146,252
Carrying Amount | Government-Sponsored Pooled Loan Investments
Liabilities:
Derivative instruments	54,665	55,049
Carrying Amount | Derivative Instruments
Liabilities:
Derivative instruments	7,248	3,302
Carrying Amount | Non-Mortgage Loan Receivable
Liabilities:
Non-mortgage loans receivable, net	59,857	52,544
Fair Value
Liabilities:
Senior notes payable and other debt, gross	11,600,750	11,369,440
Derivative instruments	5,435	2,316
Cash and cash equivalents	81,355	286,707
Secured mortgage loans and other, net	1,286,322	655,981
Fair Value | Government-Sponsored Pooled Loan Investments
Liabilities:
Derivative instruments	54,665	55,049
Fair Value | Derivative Instruments
Liabilities:
Derivative instruments	7,248	3,302
Fair Value | Non-Mortgage Loan Receivable
Liabilities:
Non-mortgage loans receivable, net	58,849	53,626
General Partner
Liabilities:
Redeemable OP unitholder interests	$ 146,252	$ 177,177

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	12 Months Ended
	Dec. 31, 2017USD ($)plan$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / shares	Jan. 18, 2017	Dec. 31, 2012shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans covering employees, officers and directors | plan	4
Expiration period of stock options (in years)	10 years
Previous discretionary goal	50.00%
Fair value assumptions of stock options using Black-Scholes option pricing model
Weighted average expected life of options, maximum (in years)	4 years	4 years	4 years
Stock Option, Intrinsic Value
Weighted average grant date fair value of options (in dollars per share) | $ / shares	$ 5.23	$ 4.73	$ 5.89
Employee Benefit Plan
Maximum 401(K) plan contribution by employer as a percent of employee's salary	3.50%
Aggregate employer 401(K) plan contribution during the period | $	$ 1,400,000	$ 1,300,000	$ 1,200,000
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance	3,000,000
Number of shares available for future issuance	2,900,000
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
Number of shares purchased	100,000
Employee Stock | Employee
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
Discount related to the Employee Stock Purchase Plan	90.00%
Employee Stock | Director
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
Discount related to the Employee Stock Purchase Plan	95.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	2 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Stock Options
Fair value assumptions of stock options using Black-Scholes option pricing model
Risk-free interest rate, minimum	1.69%	0.93%	1.02%
Risk-free interest rate, maximum	1.87%	1.27%	1.38%
Dividend yield	6.00%	5.50%	5.00%
Volatility factors of the expected market price for our common stock, minimum rate	21.50%	19.10%	19.00%
Volatility factors of the expected market price for our common stock, maximum rate	21.60%	20.60%	20.00%
Stock Option, Shares
Outstanding at the beginning of the period (in shares)	3,805,000
Granted (in shares)	1,626,000
Options exercised (in shares)	(349,000)
Options forfeited (in shares)	(57,000)
Outstanding at the end of the period (in shares)	5,025,000	3,805,000
Exercisable at the end of the period (in shares)	3,407,000
Stock Option, Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share) | $ / shares	$ 56.05
Options granted (in dollars per share) | $ / shares	61.93
Options exercised (in dollars per share) | $ / shares	46.70
Options forfeited (in dollars per share) | $ / shares	58.87
Outstanding at the end of the period (in dollars per share) | $ / shares	58.57	$ 56.05
Exercisable at the end of the period (in dollars per share) | $ / shares	$ 57.01
Stock Option, Weighted Average Remaining Contractual Life (years)
Outstanding at the end of the period (in years)	7 years 2 months 12 days
Exercisable at the end of the period (in years)	6 years 6 months
Stock Option, Intrinsic Value
Outstanding at the end of the period | $	$ 19,522,000
Exercisable at the end of the period | $	18,602,000
Unrecognized compensation cost related to nonvested awards | $	$ 2,900,000
Weighted average period over which cost is recognized (in years)	1 year 2 months 12 days
Proceeds from options exercised | $	$ 16,300,000	$ 20,400,000	$ 6,400,000
Intrinsic value for options exercised | $	7,000,000	8,000,000	4,700,000
Deferred income tax expense (benefit) | $	0
Stock Options | General and administrative expenses
Stock Option, Intrinsic Value
Compensation cost | $	4,800,000	6,200,000	4,200,000
Restricted Stock or Restricted Stock Units
Stock Option, Intrinsic Value
Unrecognized compensation cost related to nonvested awards | $	$ 22,500,000
Weighted average period over which cost is recognized (in years)	1 year 6 months 15 days
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
Intrinsic value for options vested during period | $	$ 16,600,000	13,900,000	18,300,000
Restricted Stock or Restricted Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	2 years
Restricted Stock or Restricted Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years
Restricted Stock or Restricted Stock Units | General and administrative expenses
Stock Option, Intrinsic Value
Compensation cost | $	$ 21,700,000	$ 14,700,000	$ 15,200,000
Restricted Stock
Nonvested Restricted Stock and Restricted Stock Units, Shares
Nonvested at the beginning of the period (in shares)	312,000
Granted (in shares)	283,000
Vested (in shares)	(258,000)
Forfeited (in shares)	(18,000)
Nonvested at the end of the period (in shares)	319,000	312,000
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share) | $ / shares	$ 57.29
Granted (in dollars per share) | $ / shares	59.99
Vested (in dollars per share) | $ / shares	58.82
Forfeited (in dollars per share) | $ / shares	58.95
Nonvested at the end of the period (in dollars per share) | $ / shares	$ 58.36	$ 57.29
Restricted Stock Units
Nonvested Restricted Stock and Restricted Stock Units, Shares
Nonvested at the beginning of the period (in shares)	15,000
Granted (in shares)	409,000
Vested (in shares)	(10,000)
Forfeited (in shares)	0
Nonvested at the end of the period (in shares)	414,000	15,000
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share) | $ / shares	$ 58.70
Granted (in dollars per share) | $ / shares	62.07
Vested (in dollars per share) | $ / shares	59.59
Forfeited (in dollars per share) | $ / shares	0
Nonvested at the end of the period (in dollars per share) | $ / shares	$ 62.01	$ 58.70
2012 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance	10,500,000
Number of shares available for future issuance	4,100,000
2017 LTIP | Performance Based RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocation of awards				60.00%
2017 LTIP | Time Based RSU
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocation of awards				40.00%
Executive Deferred Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans for executive officers | plan	1
Number of shares authorized for issuance	600,000
Number of shares available for future issuance	600,000
Nonemployee Directors' Deferred Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans for directors | plan	1
Number of shares authorized for issuance	600,000
Number of shares available for future issuance	500,000				0

Income Taxes (Tax Treatment of

Income Taxes (Tax Treatment of Distributions and Consolidated Benefit for Income Taxes) (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
Tax treatment of distributions:
Ordinary income (in dollars per share)									$ 1.02814	$ 2.68216	$ 3.02368
Qualified ordinary income (in dollars per share)									0.00337	0.05794	0.01632
Long-term capital gain (in dollars per share)									1.07836	0.11613	0
Unrecaptured Section 1250 gain (in dollars per share)									0.21513	0.10877	0
Distribution reported for 1099-DIV purposes (in dollars per share)									2.32500	2.96500	3.04000
Add: Dividend declared in current year and taxable in following year (in dollars per share)									0.790	0	0
Distribution declared per common share outstanding (in dollars per share)	$ 0.79	$ 0.775	$ 0.775	$ 0.775	$ 0.775	$ 0.73	$ 0.73	$ 0.73	$ 3.115	$ 2.965	$ 3.040
REIT distribution requirement (as a percent)									90.00%	90.00%	90.00%
Provision (benefit) for income taxes
Current - Federal									$ (5,672)	$ (2,991)	$ 138
Current - State									1,119	1,241	1,453
Deferred - Federal									(54,396)	(19,539)	(25,962)
Deferred - State									3,237	(3,634)	(3,054)
Current - Foreign									2,307	1,067	953
Deferred - Foreign									(6,394)	(7,487)	(12,812)
Income tax benefit									$ (59,799)	$ (31,343)	$ (39,284)

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of income tax expense computed by applying federal corporate tax rate
Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes	$ 204,742	$ 181,478	$ 123,086
State income taxes, net of federal benefit	(1,115)	(1,022)	(657)
Increase in valuation allowance from ordinary operations	8,237	3,921	20,978
Decrease in ASC 740 income tax liability	(4,750)	(3,582)	(462)
Tax at statutory rate on earnings not subject to federal income taxes	(231,379)	(209,204)	(185,648)
Foreign rate differential and foreign taxes	6,407	2,094	3,095
Change in tax status of TRS	(690)	(5,629)	0
Effect of the 2017 Tax Act	(41,212)	0	0
Other differences	(39)	601	324
Income tax benefit	$ (59,799)	$ (31,343)	$ (39,284)

Income Taxes (Tax Effects of Te

Income Taxes (Tax Effects of Temporary Differences and Carryforwards Included in Net Deferred Tax Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Examination [Line Items]
Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs	$ (300,395)	$ (409,803)	$ (413,566)
Operating loss and interest deduction carryforwards	146,732	195,415	180,575
Expense accruals and other	12,890	18,185	14,624
Valuation allowance	(109,319)	(120,438)	(120,015)
Net deferred tax liabilities	(250,092)	(316,641)	(338,382)
2015 HCT Acquisition
Income Tax Examination [Line Items]
Net deferred tax liabilities		0	(32,336)
Deferred tax assets	0
2015 UK Acquisition
Income Tax Examination [Line Items]
Net deferred tax liabilities		0	(18,569)
Deferred tax assets	0
2016 Life Sciences Acquisition
Income Tax Examination [Line Items]
Net deferred tax liabilities		(9,446)	0
Deferred tax assets	19,262
217 Miscellaneous Acquisitions
Income Tax Examination [Line Items]
Net deferred tax liabilities	(4,510)	0	0
Established Beginning Deferred Tax Assets or Liabilities
Income Tax Examination [Line Items]
Net deferred tax liabilities		$ (9,446)	$ (50,905)
Deferred tax assets	$ 14,752

Income Taxes (Rollforward of Va

Income Taxes (Rollforward of Valuation Allowances) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 121,472	$ 114,964	$ 94,921
Expenses	15,747	14,775	46,385
Deductions	(3,237)	(7,111)	(12,977)
Balance at End of Year	132,927	121,472	114,964
Valuation Allowance
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	120,438	120,015	97,550
Purchase accounting	0	0	1,002
Expenses	9,277	6,589	21,375
Deductions	(1,040)	(2,668)	(397)
Effect of the 2017 Tax Act	(21,321)	0	0
State income tax, net of federal impact	956	536	529
Other activity (not resulting in expense or deduction)	1,009	(4,034)	(44)
Balance at End of Year	$ 109,319	$ 120,438	$ 120,015

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summary of activities related to unrecognized tax benefits
Balance at the beginning of the period	$ 20,950,000	$ 24,135,000
Additions to tax positions related to prior years	648,000	222,000
Subtractions to tax positions related to prior years	(497,000)	0
Subtractions to tax positions as a result of the lapse of the statute of limitations	(4,336,000)		$ (3,407,000)
Balance at the end of the period	16,765,000	20,950,000	$ 24,135,000
Unrecognized tax benefits that, if recognized, would reduce annual effective tax rate	15,000,000	$ 19,300,000
Unrecognized tax benefits, interest accrued	200,000
Unrecognized tax benefits, penalties accrued	0
Expected decrease in unrecognized tax benefits during next fiscal year	$ 2,600,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Loss Carryforwards [Line Items]
Tax Cuts and Jobs Act of 2017, income tax expense (Benefit)	$ 64.5
Tax Cuts and Jobs Act of 2017, change in tax rate, deferred tax asset, income tax expense (benefit)	23.3
Tax Cuts and Jobs Act of 2017, Incomplete Accounting, change in tax rate, deferred tax liability, provisional income tax (expense) benefit	19.9
Tax Cuts and Jobs Act of 2017, measurement period adjustment, valuation increase (decrease)	(44.6)
Tax Cuts and Jobs Act of 2017, change in tax rate, deferred tax asset, provisional income tax expense (benefit)	(64.5)
Increase (decrease) in net deferred tax liability	(66.5)	$ 21.7
Period in which assets disposition subject to built in gains tax		5 years
Net operating loss carryforward related to TRS entities	625.8	$ 1,100	$ 1,100
Difference in bases for entity not subject to income taxes	4,100	4,400
Life Sciences Acquisition
Operating Loss Carryforwards [Line Items]
Deferred tax liability resulting from Life Sciences Acquisition		9.4
Taxable Reit Subsidiaries
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, valuation allowance	67.1	$ 84.7	$ 85.5
Tax credit carryforward	$ 14.4

Commitments and Contingencies92

Commitments and Contingencies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remaining term of operating and ground leases (in years)	84 years
Future minimum lease obligations under non-cancelable operating and ground leases
2,018	$ 27,498
2,019	23,953
2,020	23,206
2,021	22,651
2,022	17,738
Thereafter	623,462
Total	$ 738,508

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ 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
Numerator for basic and diluted earnings per share:
Income from continuing operations	$ 178,835	$ 156,930	$ 152,272	$ 155,912	$ 142,575	$ 150,446	$ 137,849	$ 123,339	$ 643,949	$ 554,209	$ 389,539
Discontinued operations	(15)	(19)	(23)	(53)	(167)	(118)	(148)	(489)	(110)	(922)	11,103
Gain on real estate dispositions	214,985	458,280	719	43,289	66,424	(144)	5,739	26,184	717,273	98,203	18,580
Net income	393,805	615,191	152,968	199,148	208,832	150,184	143,440	149,034	1,361,112	651,490	419,222
Net income attributable to noncontrolling interests	1,251	1,233	1,137	1,021	1,195	732	278	54	4,642	2,259	1,379
Net income attributable to common stockholders	$ 392,554	$ 613,958	$ 151,831	$ 198,127	$ 207,637	$ 149,452	$ 143,162	$ 148,980	$ 1,356,470	$ 649,231	$ 417,843
Denominator for basic earnings per share—weighted average shares
Denominator for basic earnings per share - weighted average shares (in shares)									355,326	344,703	330,311
Stock options (in shares)									494	569	360
Restricted stock awards (in shares)									265	176	41
OP unitholder interests (in shares)									2,481	2,942	3,295
Denominator for diluted earnings per share - adjusted weighted average shares (in shares)									358,566	348,390	334,007
Basic earnings per share:
Income from continuing operations (USD per share)	$ 0.50	$ 0.44	$ 0.43	$ 0.44	$ 0.40	$ 0.43	$ 0.41	$ 0.37	$ 1.81	$ 1.61	$ 1.18
Net income attributable to common stockholders (USD per share)	1.10	1.72	0.43	0.56	0.59	0.43	0.42	0.44	3.82	1.88	1.26
Diluted earnings per share:
Income from continuing operations (USD per share)	0.50	0.44	0.42	0.44	0.40	0.42	0.40	0.36	1.80	1.59	1.17
Net income attributable to common stockholders (USD per share)	$ 1.09	$ 1.71	$ 0.42	$ 0.55	$ 0.58	$ 0.42	$ 0.42	$ 0.44	$ 3.78	$ 1.86	$ 1.25
Anti-dilutive options outstanding (in shares)									3,000	1,400	900

Permanent and Temporary Equit94

Permanent and Temporary Equity (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Jan. 31, 2017	Jan. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Sale of Stock [Line Items]
Shares issued during period, new issues, equity offering program			1,100,000	18,900,000	7,200,000
Value of shares issued during period, new issues, equity offering program			$ 73,900	$ 1,300,000	$ 491,600
Capital Stock [Abstract]
Equity offering program, remaining authorized offering amount			$ 155,600
Excess Share Provision
Percentage of beneficial ownership of common stock acquired used as threshold for determining excess shares (more than)			9.00%
Percentage of beneficial ownership of preferred stock acquired used as threshold for determining excess shares			9.90%
Maximum deferral payment period of purchase price for excess shares (in years)			5 years
Accumulated Other Comprehensive Income
Foreign currency translation			$ (45,580)	(66,192)
Accumulated unrealized gain on government-sponsored pooled loan investments			802	1,239
Other			9,658	7,419
Total accumulated other comprehensive loss			$ (35,120)	$ (57,534)
Capital Unit, Class C
Capital Stock [Abstract]
Capital units redeemed (in shares)	341,776		341,776
Capital Unit, Ventas Realty OP
Capital Stock [Abstract]
Capital units redeemed (in shares)			53,728
Common Stock
Capital Stock [Abstract]
Conversion of stock, shares issued (in shares)	341,776		390,403
American Realty Capital Healthcare Trust | Capital Unit, Class C
Capital Stock [Abstract]
Number of shares of common stock issued and sold in an underwritten public offering		1,100,000
American Realty Capital Healthcare Trust | Common Stock
Capital Stock [Abstract]
Number of shares of common stock issued and sold in an underwritten public offering		28,400,000

Permanent and Temporary Equit95

Permanent and Temporary Equity (Redeemable OP Unitholder and Noncontrolling Interest) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2017	Dec. 31, 2017
Increase (Decrease) in Temporary Equity [Roll Forward]
December 31, 2016	$ 200,728	$ 200,728
New issuances		2,143
Change in valuation		241
Distributions and other		(5,677)
Redemptions		(38,945)
December 31, 2017		$ 158,490
Conversion of stock, value redeemed	$ 20,900
Common Stock Par Value
Temporary Equity [Line Items]
Conversion of stock, shares issued (in shares)	341,776	390,403
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of stock, value redeemed		$ 24,000
Redeemable Noncontrolling Interests
Increase (Decrease) in Temporary Equity [Roll Forward]
December 31, 2016	$ 23,551	23,551
New issuances		2,143
Change in valuation		2,353
Distributions and other		0
Redemptions		(15,809)
December 31, 2017		12,238
Redeemable OP Unitholder Interests
Increase (Decrease) in Temporary Equity [Roll Forward]
December 31, 2016	$ 177,177	177,177
New issuances		0
Change in valuation		(2,112)
Distributions and other		(5,677)
Redemptions		(23,136)
December 31, 2017		$ 146,252
Capital Unit, Class C
Temporary Equity [Line Items]
Capital units redeemed (in shares)	341,776	341,776
Capital Unit, Ventas Realty OP
Temporary Equity [Line Items]
Capital units redeemed (in shares)		53,728

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)optionproperty	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Related party transaction
Number of properties leased under triple-net leases | property	546
Atria
Related party transaction
Agreement renewal period, in years	10 years
Additional management fee potential based on performance	1.00%
Related party fees	$ 59.7	$ 58.7	$ 58
Atria | Minimum
Related party transaction
Property management fee, percentage	4.50%
Atria | Maximum
Related party transaction
Property management fee, percentage	5.00%
Ardent
Related party transaction
Rent multiplier	400.00%
Rent multiplier cap, percentage	2.50%
Options to extend term of lease | option	1
Renewal term	10 years
Revenue from related parties	$ 110.8	$ 106.9	42.9
Ardent | Restructuring Charges
Related party transaction
Related party fees			$ 40
Ardent | Ardent | Hospitals
Related party transaction
Number of properties leased under triple-net leases | property	10

Quarterly Financial Informati97

Quarterly Financial Information (Unaudited) (Summarized Unaudited Consolidated Quarterly Information) (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
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 895,288	$ 899,928	$ 895,490	$ 883,443	$ 875,713	$ 867,116	$ 848,404	$ 852,289	$ 3,574,149	$ 3,443,522	$ 3,286,398
Income from continuing operations	178,835	156,930	152,272	155,912	142,575	150,446	137,849	123,339	643,949	554,209	389,539
Discontinued operations	(15)	(19)	(23)	(53)	(167)	(118)	(148)	(489)	(110)	(922)	11,103
Gain (loss) on real estate dispositions	214,985	458,280	719	43,289	66,424	(144)	5,739	26,184	717,273	98,203	18,580
Net income	393,805	615,191	152,968	199,148	208,832	150,184	143,440	149,034	1,361,112	651,490	419,222
Net income attributable to noncontrolling interests	1,251	1,233	1,137	1,021	1,195	732	278	54	4,642	2,259	1,379
Net income attributable to common stockholders	$ 392,554	$ 613,958	$ 151,831	$ 198,127	$ 207,637	$ 149,452	$ 143,162	$ 148,980	$ 1,356,470	$ 649,231	$ 417,843
Basic:
Income from continuing operations (USD per share)	$ 0.50	$ 0.44	$ 0.43	$ 0.44	$ 0.40	$ 0.43	$ 0.41	$ 0.37	$ 1.81	$ 1.61	$ 1.18
Net income attributable to common stockholders (USD per share)	1.10	1.72	0.43	0.56	0.59	0.43	0.42	0.44	3.82	1.88	1.26
Diluted:
Income from continuing operations (USD per share)	0.50	0.44	0.42	0.44	0.40	0.42	0.40	0.36	1.80	1.59	1.17
Net income attributable to common stockholders (USD per share)	1.09	1.71	0.42	0.55	0.58	0.42	0.42	0.44	3.78	1.86	1.25
Dividends declared per common share (in dollars per share)	$ 0.79	$ 0.775	$ 0.775	$ 0.775	$ 0.775	$ 0.73	$ 0.73	$ 0.73	$ 3.115	$ 2.965	$ 3.040

Segment Information (Narrative)

Segment Information (Narrative) (Details)	12 Months Ended
	Dec. 31, 2017USD ($)segment	Dec. 31, 2016segment	Dec. 31, 2015segment
Segment Reporting [Abstract]
Number of reportable segments | segment	3	3	3
Intersegment activity | $	$ 0

Segment Information (Income Sta

Segment Information (Income Statement by Segment) (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
Revenues
Rental income									$ 1,593,598	$ 1,476,176	$ 1,346,046
Resident fees and services									1,843,232	1,847,306	1,811,255
Office building and other services revenue									13,677	21,070	41,492
Income from loans and investments									117,608	98,094	86,553
Interest and other income									6,034	876	1,052
Total revenues	$ 895,288	$ 899,928	$ 895,490	$ 883,443	$ 875,713	$ 867,116	$ 848,404	$ 852,289	3,574,149	3,443,522	3,286,398
Less:
Interest and other income									6,034	876	1,052
Property-level operating expenses									1,483,072	1,434,762	1,383,640
Office building services costs									3,391	7,311	26,565
Segment NOI									2,081,652	2,000,573	1,875,141
(Loss) income from unconsolidated entities									(561)	4,358	(1,420)
Segment profit									2,081,091	2,004,931	1,873,721
Interest and other income									6,034	876	1,052
Interest expense									(448,196)	(419,740)	(367,114)
Depreciation and amortization									(887,948)	(898,924)	(894,057)
General, administrative and professional fees									(135,490)	(126,875)	(128,035)
Loss on extinguishment of debt, net									(754)	(2,779)	(14,411)
Merger-related expenses and deal costs									(10,535)	(24,635)	(102,944)
Other									(20,052)	(9,988)	(17,957)
Income tax benefit									59,799	31,343	39,284
Income from continuing operations									643,949	554,209	389,539
Operating Segments | Triple-Net Leased Properties
Revenues
Rental income									840,131	845,834	779,801
Resident fees and services									0	0	0
Office building and other services revenue									4,580	4,921	4,433
Income from loans and investments									0	0	0
Interest and other income									0	0	0
Total revenues									844,711	850,755	784,234
Less:
Interest and other income									0	0	0
Property-level operating expenses									0	0	0
Office building services costs									0	0	0
Segment NOI									844,711	850,755	784,234
(Loss) income from unconsolidated entities									845	2,363	(813)
Segment profit									845,556	853,118	783,421
Interest and other income									0	0	0
Operating Segments | Senior Living Operations
Revenues
Rental income									0	0	0
Resident fees and services									1,843,232	1,847,306	1,811,255
Office building and other services revenue									0	0	0
Income from loans and investments									0	0	0
Interest and other income									0	0	0
Total revenues									1,843,232	1,847,306	1,811,255
Less:
Interest and other income									0	0	0
Property-level operating expenses									1,250,065	1,242,978	1,209,415
Office building services costs									0	0	0
Segment NOI									593,167	604,328	601,840
(Loss) income from unconsolidated entities									(61)	1,265	(526)
Segment profit									593,106	605,593	601,314
Interest and other income									0	0	0
Operating Segments | Office Operations
Revenues
Rental income									753,467	630,342	566,245
Resident fees and services									0	0	0
Office building and other services revenue									7,497	13,029	34,436
Income from loans and investments									0	0	0
Interest and other income									0	0	0
Total revenues									760,964	643,371	600,681
Less:
Interest and other income									0	0	0
Property-level operating expenses									233,007	191,784	174,225
Office building services costs									3,391	7,311	26,565
Segment NOI									524,566	444,276	399,891
(Loss) income from unconsolidated entities									503	590	369
Segment profit									525,069	444,866	400,260
Interest and other income									0	0	0
All Other
Revenues
Rental income									0	0	0
Resident fees and services									0	0	0
Office building and other services revenue									1,600	3,120	2,623
Income from loans and investments									117,608	98,094	86,553
Interest and other income									6,034	876	1,052
Total revenues									125,242	102,090	90,228
Less:
Interest and other income									6,034	876	1,052
Property-level operating expenses									0	0	0
Office building services costs									0	0	0
Segment NOI									119,208	101,214	89,176
(Loss) income from unconsolidated entities									(1,848)	140	(450)
Segment profit									117,360	101,354	88,726
Interest and other income									$ 6,034	$ 876	$ 1,052

Segment Information (Assets) (D

Segment Information (Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets
Total assets	$ 23,954,541	$ 23,166,600
Percentage of total assets	100.00%	100.00%
Operating Segments | Triple-Net Leased Properties
Assets
Total assets	$ 7,778,064	$ 7,627,792
Percentage of total assets	32.40%	32.90%
Operating Segments | Senior Living Operations
Assets
Total assets	$ 7,654,609	$ 7,826,262
Percentage of total assets	32.00%	33.80%
Operating Segments | Office Operations
Assets
Total assets	$ 6,897,696	$ 6,614,454
Percentage of total assets	28.80%	28.60%
All Other
Assets
Total assets	$ 1,624,172	$ 1,098,092
Percentage of total assets	6.80%	4.70%

Segment Information (Capital Ex

Segment Information (Capital Expenditures) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information
Total capital expenditures	$ 811,875	$ 1,683,110	$ 2,877,949
Operating Segments | Triple-Net Leased Properties
Segment Reporting Information
Total capital expenditures	169,661	74,192	1,890,245
Operating Segments | Senior Living Operations
Segment Reporting Information
Total capital expenditures	149,449	105,614	382,877
Operating Segments | Office Operations
Segment Reporting Information
Total capital expenditures	$ 492,765	$ 1,503,304	$ 604,827

Segment Information (Geographic

Segment Information (Geographic Information) (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
Revenue
Revenues	$ 895,288	$ 899,928	$ 895,490	$ 883,443	$ 875,713	$ 867,116	$ 848,404	$ 852,289	$ 3,574,149	$ 3,443,522	$ 3,286,398
Net real estate property:
Net real estate property	20,588,380				20,394,754				20,588,380	20,394,754
United States
Revenue
Revenues									3,361,682	3,242,353	3,086,449
Net real estate property:
Net real estate property	19,219,650				19,105,939				19,219,650	19,105,939
Canada
Revenue
Revenues									186,049	174,831	173,778
Net real estate property:
Net real estate property	1,070,903				1,037,105				1,070,903	1,037,105
United Kingdom
Revenue
Revenues									26,418	26,338	$ 26,171
Net real estate property:
Net real estate property	$ 297,827				$ 251,710				$ 297,827	$ 251,710

Condensed Consolidating Info103

Condensed Consolidating Information (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Condensed financial statements, captions
Assets	$ 23,954,541	$ 23,166,600
Ventas Realty
Condensed financial statements, captions
Noncontrolling interest, ownership percentage by parent	100.00%
Ventas Capital Corporation
Condensed financial statements, captions
Noncontrolling interest, ownership percentage by parent	100.00%
Assets	$ 0
Ventas Canada Finance Limited
Condensed financial statements, captions
Noncontrolling interest, ownership percentage by parent	100.00%
Nationwide Health Properties, LLC
Condensed financial statements, captions
Noncontrolling interest, ownership percentage by parent	100.00%

Condensed Consolidating Info104

Condensed Consolidating Information (Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Assets
Net real estate investments	$ 22,058,378	$ 21,192,696
Cash and cash equivalents	81,355	286,707	$ 53,023	$ 55,348
Escrow deposits and restricted cash	106,898	80,647
Investment in and advances to affiliates	0	0
Goodwill	1,034,641	1,033,225
Assets held for sale	100,324	54,961
Other assets	572,945	518,364
Total assets	23,954,541	23,166,600
Liabilities:
Senior notes payable and other debt	11,276,062	11,127,326
Intercompany loans	0	0
Accrued interest	93,958	83,762
Accounts payable and other liabilities	1,182,552	907,928
Liabilities related to assets held for sale	61,202	1,462
Deferred income taxes	250,092	316,641
Total liabilities	12,863,866	12,437,119
Redeemable OP unitholder and noncontrolling interests	158,490	200,728
Total equity	10,932,185	10,528,753	9,625,427	8,754,397
Total liabilities and equity	23,954,541	23,166,600
Consolidated Elimination
Assets
Net real estate investments	0	0
Cash and cash equivalents	0	0	0	0
Escrow deposits and restricted cash	0	0
Investment in and advances to affiliates	(17,702,146)	(17,104,697)
Goodwill	0	0
Assets held for sale	0	0
Other assets	0	0
Total assets	(17,702,146)	(17,104,697)
Liabilities:
Senior notes payable and other debt	0	0
Intercompany loans	0	0
Accrued interest	0	0
Accounts payable and other liabilities	0	0
Liabilities related to assets held for sale	0	0
Deferred income taxes	0	0
Redeemable OP unitholder and noncontrolling interests	0	0
Total equity	(17,702,146)	(17,104,697)
Total liabilities and equity	(17,702,146)	(17,104,697)
Ventas, Inc.
Assets
Net real estate investments	1,844	2,007
Cash and cash equivalents	9,828	210,303	11,733	24,857
Escrow deposits and restricted cash	39,816	198
Investment in and advances to affiliates	14,786,086	14,166,255
Goodwill	0	0
Assets held for sale	0	0
Other assets	55,936	35,468
Total assets	14,893,510	14,414,231
Liabilities:
Senior notes payable and other debt	0	0
Intercompany loans	7,835,266	6,996,162
Accrued interest	(6,410)	(1,753)
Accounts payable and other liabilities	381,512	89,115
Liabilities related to assets held for sale	0	0
Deferred income taxes	250,092	316,641
Total liabilities	8,460,460	7,400,165
Redeemable OP unitholder and noncontrolling interests	0	0
Total equity	6,433,050	7,014,066
Total liabilities and equity	14,893,510	14,414,231
Ventas Realty
Assets
Net real estate investments	119,508	173,259
Cash and cash equivalents	0	0	0	0
Escrow deposits and restricted cash	128	1,504
Investment in and advances to affiliates	2,916,060	2,938,442
Goodwill	0	0
Assets held for sale	0	0
Other assets	9,458	6,791
Total assets	3,045,154	3,119,996
Liabilities:
Senior notes payable and other debt	8,895,641	8,406,979
Intercompany loans	(7,127,624)	(6,209,706)
Accrued interest	77,691	67,156
Accounts payable and other liabilities	24,635	35,587
Liabilities related to assets held for sale	0	(1)
Deferred income taxes	0	0
Total liabilities	1,870,343	2,300,015
Redeemable OP unitholder and noncontrolling interests	0	0
Total equity	1,174,811	819,981
Total liabilities and equity	3,045,154	3,119,996
Ventas Subsidiaries
Assets
Net real estate investments	21,937,026	21,017,430
Cash and cash equivalents	71,527	76,404	$ 41,290	$ 30,491
Escrow deposits and restricted cash	66,954	78,945
Investment in and advances to affiliates	0	0
Goodwill	1,034,641	1,033,225
Assets held for sale	100,324	54,961
Other assets	507,551	476,105
Total assets	23,718,023	22,737,070
Liabilities:
Senior notes payable and other debt	2,380,421	2,720,347
Intercompany loans	(707,642)	(786,456)
Accrued interest	22,677	18,359
Accounts payable and other liabilities	776,405	783,226
Liabilities related to assets held for sale	61,202	1,463
Deferred income taxes	0	0
Total liabilities	2,533,063	2,736,939
Redeemable OP unitholder and noncontrolling interests	158,490	200,728
Total equity	21,026,470	19,799,403
Total liabilities and equity	$ 23,718,023	$ 22,737,070

Condensed Consolidating Info105

Condensed Consolidating Information (Income Statement) (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
Revenues
Rental income									$ 1,593,598	$ 1,476,176	$ 1,346,046
Resident fees and services									1,843,232	1,847,306	1,811,255
Office building and other services revenue									13,677	21,070	41,492
Income from loans and investments									117,608	98,094	86,553
Equity earnings in affiliates									0	0	0
Interest and other income									6,034	876	1,052
Total revenues	$ 895,288	$ 899,928	$ 895,490	$ 883,443	$ 875,713	$ 867,116	$ 848,404	$ 852,289	3,574,149	3,443,522	3,286,398
Expenses
Interest									448,196	419,740	367,114
Depreciation and amortization									887,948	898,924	894,057
Property-level operating expenses									1,483,072	1,434,762	1,383,640
Office building services costs									3,391	7,311	26,565
General, administrative and professional fees									135,490	126,875	128,035
Loss on extinguishment of debt, net									754	2,779	14,411
Merger-related expenses and deal costs									10,535	24,635	102,944
Other									20,052	9,988	17,957
Total expenses									2,989,438	2,925,014	2,934,723
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests									584,711	518,508	351,675
Income (loss) from unconsolidated entities									(561)	4,358	(1,420)
Income tax benefit									59,799	31,343	39,284
Income from continuing operations	178,835	156,930	152,272	155,912	142,575	150,446	137,849	123,339	643,949	554,209	389,539
Discontinued operations	(15)	(19)	(23)	(53)	(167)	(118)	(148)	(489)	(110)	(922)	11,103
Gain on real estate dispositions	214,985	458,280	719	43,289	66,424	(144)	5,739	26,184	717,273	98,203	18,580
Net income	393,805	615,191	152,968	199,148	208,832	150,184	143,440	149,034	1,361,112	651,490	419,222
Net (loss) income attributable to noncontrolling interest, net of tax									4,642	2,259	1,379
Net income attributable to common stockholders	$ 392,554	$ 613,958	$ 151,831	$ 198,127	$ 207,637	$ 149,452	$ 143,162	$ 148,980	1,356,470	649,231	417,843
Consolidated Elimination
Revenues
Rental income									0	0	0
Resident fees and services									0	0	0
Office building and other services revenue									0	0	0
Income from loans and investments									0	0	0
Equity earnings in affiliates									(487,242)	(499,292)	(457,564)
Interest and other income									0	0	0
Total revenues									(487,242)	(499,292)	(457,564)
Expenses
Interest									0	0	0
Depreciation and amortization									0	0	0
Property-level operating expenses									0	0	0
Office building services costs									0	0	0
General, administrative and professional fees									0	0	0
Loss on extinguishment of debt, net									0	0	0
Merger-related expenses and deal costs									0	0	0
Other									0	0	0
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests									(487,242)	(499,292)	(457,564)
Income (loss) from unconsolidated entities									0	0	0
Income tax benefit									0	0	0
Income from continuing operations									(487,242)	(499,292)	(457,564)
Discontinued operations									0	0	0
Gain on real estate dispositions									0	0	0
Net income									(487,242)	(499,292)	(457,564)
Net (loss) income attributable to noncontrolling interest, net of tax									0	0	0
Net income attributable to common stockholders									(487,242)	(499,292)	(457,564)
Ventas, Inc.
Revenues
Rental income									2,383	2,670	3,663
Resident fees and services									0	0	0
Office building and other services revenue									0	1,605	895
Income from loans and investments									1,236	341	8,605
Equity earnings in affiliates									488,862	500,515	458,213
Interest and other income									5,388	666	495
Total revenues									497,869	505,797	471,871
Expenses
Interest									(101,222)	(46,650)	(38,393)
Depreciation and amortization									5,483	8,968	5,443
Property-level operating expenses									0	0	0
Office building services costs									0	0	0
General, administrative and professional fees									2,056	509	(321)
Loss on extinguishment of debt, net									0	0	0
Merger-related expenses and deal costs									9,797	23,068	98,644
Other									2,247	(705)	(358)
Total expenses									(81,639)	(14,810)	65,015
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests									579,508	520,607	406,856
Income (loss) from unconsolidated entities									0	0	0
Income tax benefit									59,799	31,343	39,284
Income from continuing operations									639,307	551,950	446,140
Discontinued operations									(110)	(922)	(46,877)
Gain on real estate dispositions									717,273	98,203	18,580
Net income									1,356,470	649,231	417,843
Net (loss) income attributable to noncontrolling interest, net of tax									0	0	0
Net income attributable to common stockholders									1,356,470	649,231	417,843
Ventas Realty
Revenues
Rental income									178,165	196,991	198,017
Resident fees and services									0	0	0
Office building and other services revenue									0	0	0
Income from loans and investments									0	0	534
Equity earnings in affiliates									0	0	0
Interest and other income									0	0
Interest and other income											(6)
Total revenues									178,165	196,991	198,545
Expenses
Interest									319,630	281,458	257,503
Depreciation and amortization									7,510	18,297	14,679
Property-level operating expenses									329	317	367
Office building services costs									0	0	0
General, administrative and professional fees									16,976	18,320	20,777
Loss on extinguishment of debt, net									943	2,770	4,523
Merger-related expenses and deal costs									0	0	75
Other									1	41	45
Total expenses									345,389	321,203	297,969
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests									(167,224)	(124,212)	(99,424)
Income (loss) from unconsolidated entities									5,306	1,840	(183)
Income tax benefit									0	0	0
Income from continuing operations									(161,918)	(122,372)	(99,607)
Discontinued operations									0	0	34,748
Gain on real estate dispositions									0	0	0
Net income									(161,918)	(122,372)	(64,859)
Net (loss) income attributable to noncontrolling interest, net of tax									0	0	0
Net income attributable to common stockholders									(161,918)	(122,372)	(64,859)
Ventas Subsidiaries
Revenues
Rental income									1,413,050	1,276,515	1,144,366
Resident fees and services									1,843,232	1,847,306	1,811,255
Office building and other services revenue									13,677	19,465	40,597
Income from loans and investments									116,372	97,753	77,414
Equity earnings in affiliates									(1,620)	(1,223)	(649)
Interest and other income									646	210	563
Total revenues									3,385,357	3,240,026	3,073,546
Expenses
Interest									229,788	184,932	148,004
Depreciation and amortization									874,955	871,659	873,935
Property-level operating expenses									1,482,743	1,434,445	1,383,273
Office building services costs									3,391	7,311	26,565
General, administrative and professional fees									116,458	108,046	107,579
Loss on extinguishment of debt, net									(189)	9	9,888
Merger-related expenses and deal costs									738	1,567	4,225
Other									17,804	10,652	18,270
Total expenses									2,725,688	2,618,621	2,571,739
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interests									659,669	621,405	501,807
Income (loss) from unconsolidated entities									(5,867)	2,518	(1,237)
Income tax benefit									0	0	0
Income from continuing operations									653,802	623,923	500,570
Discontinued operations									0	0	23,232
Gain on real estate dispositions									0	0	0
Net income									653,802	623,923	523,802
Net (loss) income attributable to noncontrolling interest, net of tax									4,642	2,259	1,379
Net income attributable to common stockholders									$ 649,160	$ 621,664	$ 522,423

Condensed Consolidating Info106

Condensed Consolidating Information (Comprehensive Income Statement) (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
Condensed Financial Statements, Captions [Line Items]
Net income	$ 393,805	$ 615,191	$ 152,968	$ 199,148	$ 208,832	$ 150,184	$ 143,440	$ 149,034	$ 1,361,112	$ 651,490	$ 419,222
Other comprehensive income (loss):
Foreign currency translation									20,612	(52,266)	(14,792)
Unrealized loss on government-sponsored pooled loan investments									(437)	(310)	(5,236)
Other									2,239	2,607	(658)
Total other comprehensive income (loss)									22,414	(49,969)	(20,686)
Comprehensive income									1,383,526	601,521	398,536
Comprehensive income (loss) attributable to noncontrolling interest									4,642	2,259	1,379
Comprehensive income attributable to common stockholders									1,378,884	599,262	397,157
Consolidated Elimination
Condensed Financial Statements, Captions [Line Items]
Net income									(487,242)	(499,292)	(457,564)
Other comprehensive income (loss):
Foreign currency translation									0	0	0
Unrealized loss on government-sponsored pooled loan investments									0	0	0
Other									0	0	0
Comprehensive income									(487,242)	(499,292)	(457,564)
Comprehensive income (loss) attributable to noncontrolling interest									0	0	0
Comprehensive income attributable to common stockholders									(487,242)	(499,292)	(457,564)
Ventas, Inc.
Condensed Financial Statements, Captions [Line Items]
Net income									1,356,470	649,231	417,843
Other comprehensive income (loss):
Foreign currency translation									0	0	0
Unrealized loss on government-sponsored pooled loan investments									(437)	(310)	(5,236)
Other									0	0	0
Total other comprehensive income (loss)									(437)	(310)	(5,236)
Comprehensive income									1,356,033	648,921	412,607
Comprehensive income (loss) attributable to noncontrolling interest									0	0	0
Comprehensive income attributable to common stockholders									1,356,033	648,921	412,607
Ventas Realty
Condensed Financial Statements, Captions [Line Items]
Net income									(161,918)	(122,372)	(64,859)
Other comprehensive income (loss):
Foreign currency translation									0	0	0
Unrealized loss on government-sponsored pooled loan investments									0	0	0
Other									0	0	0
Comprehensive income									(161,918)	(122,372)	(64,859)
Comprehensive income (loss) attributable to noncontrolling interest									0	0	0
Comprehensive income attributable to common stockholders									(161,918)	(122,372)	(64,859)
Ventas Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income									653,802	623,923	523,802
Other comprehensive income (loss):
Foreign currency translation									20,612	(52,266)	(14,792)
Unrealized loss on government-sponsored pooled loan investments									0	0	0
Other									2,239	2,607	(658)
Total other comprehensive income (loss)									22,851	(49,659)	(15,450)
Comprehensive income									676,653	574,264	508,352
Comprehensive income (loss) attributable to noncontrolling interest									4,642	2,259	1,379
Comprehensive income attributable to common stockholders									$ 672,011	$ 572,005	$ 506,973

Condensed Consolidating Info107

Condensed Consolidating Information (Cash Flow Statement) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	$ 1,442,180	$ 1,372,341	$ 1,398,831
Cash flows from investing activities:
Net investment in real estate property	(380,232)	(1,429,112)	(2,650,788)
Investment in loans receivable and other	(748,119)	(158,635)	(171,144)
Proceeds from real estate disposals	537,431	300,561	492,408
Proceeds from loans receivable	101,097	320,082	109,176
Proceeds from sale or maturity of marketable securities	0	0	76,800
Funds held in escrow for future development expenditures	0	0	4,003
Development project expenditures	(299,085)	(143,647)	(119,674)
Capital expenditures	(132,558)	(117,456)	(107,487)
Distributions from unconsolidated entities	6,169	0	0
Investment in unconsolidated entities	(61,220)	(6,436)	(56,986)
Net cash used in investing activities	(976,517)	(1,234,643)	(2,423,692)
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	384,783	(35,637)	(723,457)
Net cash impact of CCP Spin-Off	0	0	(128,749)
Proceeds from debt	1,111,649	893,218	2,512,747
Issuance of debt related to CCP spin-off	0	0	1,400,000
Repayment of debt	(1,369,084)	(1,022,113)	(1,435,596)
Net change in intercompany debt	0	0	0
Purchase of noncontrolling interest	(15,809)	(2,846)	(3,819)
Payment of deferred financing costs	(27,297)	(6,555)	(24,665)
Issuance of common stock, net	73,596	1,286,680	491,023
Cash distribution from (to) affiliates	0	0	0
Cash distribution to common stockholders	(827,285)	(1,024,968)	(1,003,413)
Cash distribution to redeemable OP unitholders	(5,677)	(8,640)	(15,095)
Purchases of redeemable OP units	0	0	(33,188)
Contributions from noncontrolling interests	4,402	7,326	0
Distributions to noncontrolling interests	(11,187)	(6,879)	(12,649)
Other	10,582	17,252	(81)
Net cash (used in) provided by financing activities	(671,327)	96,838	1,023,058
Net (decrease) increase in cash and cash equivalents	(205,664)	234,536	(1,803)
Effect of foreign currency translation on cash and cash equivalents	312	(852)	(522)
Cash and cash equivalents at beginning of period	286,707	53,023	55,348
Cash and cash equivalents at end of period	81,355	286,707	53,023
Consolidated Elimination
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	0	0	0
Cash flows from investing activities:
Net investment in real estate property	0	0	0
Investment in loans receivable and other	0	0	0
Proceeds from real estate disposals	0	0	0
Proceeds from loans receivable	0	0	0
Proceeds from sale or maturity of marketable securities			0
Funds held in escrow for future development expenditures			0
Development project expenditures	0	0	0
Capital expenditures	0	0	0
Distributions from unconsolidated entities	0
Investment in unconsolidated entities	0	0	0
Net cash used in investing activities	0	0	0
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	0	0	0
Net cash impact of CCP Spin-Off			0
Proceeds from debt	0	0	0
Issuance of debt related to CCP spin-off			0
Repayment of debt	0	0	0
Net change in intercompany debt	0	0	0
Purchase of noncontrolling interest		0	0
Payment of deferred financing costs	0	0	0
Issuance of common stock, net	0	0	0
Cash distribution from (to) affiliates	0	0	0
Cash distribution to common stockholders	0	0	0
Cash distribution to redeemable OP unitholders	0	0	0
Purchases of redeemable OP units			0
Contributions from noncontrolling interests	0	0
Distributions to noncontrolling interests	0	0	0
Other	0	0	0
Effect of foreign currency translation on cash and cash equivalents	0	0	0
Cash and cash equivalents at beginning of period	0	0	0
Cash and cash equivalents at end of period	0	0	0
Ventas, Inc.
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	150,548	69,496	(115,977)
Cash flows from investing activities:
Net investment in real estate property	(350,900)	(1,448,230)	(2,650,788)
Investment in loans receivable and other	(4,633)	0	0
Proceeds from real estate disposals	537,144	257,441	492,408
Proceeds from loans receivable	47	0	0
Proceeds from sale or maturity of marketable securities			76,800
Funds held in escrow for future development expenditures			0
Development project expenditures	0	0	0
Capital expenditures	0	0	0
Distributions from unconsolidated entities	0
Investment in unconsolidated entities	0	0	(26,282)
Net cash used in investing activities	181,658	(1,190,789)	(2,107,862)
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	0	0	0
Net cash impact of CCP Spin-Off			1,273,000
Proceeds from debt	0	0	0
Issuance of debt related to CCP spin-off			0
Repayment of debt	0	0	0
Net change in intercompany debt	1,002,694	990,056	1,782,954
Purchase of noncontrolling interest	(15,809)	0	0
Payment of deferred financing costs	0	0	0
Issuance of common stock, net	73,596	1,286,680	491,023
Cash distribution from (to) affiliates	(804,901)	107,232	(315,466)
Cash distribution to common stockholders	(827,285)	(1,024,968)	(1,003,413)
Cash distribution to redeemable OP unitholders	0	0	0
Purchases of redeemable OP units			0
Contributions from noncontrolling interests	0	0
Distributions to noncontrolling interests	0	0	0
Other	10,582	17,252	(81)
Net cash (used in) provided by financing activities	(561,123)	1,376,252	2,228,017
Net (decrease) increase in cash and cash equivalents	(228,917)	254,959	4,178
Effect of foreign currency translation on cash and cash equivalents	28,442	(56,389)	(17,302)
Cash and cash equivalents at beginning of period	210,303	11,733	24,857
Cash and cash equivalents at end of period	9,828	210,303	11,733
Ventas Realty
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	(142,584)	(92,923)	16,528
Cash flows from investing activities:
Net investment in real estate property	0	0	0
Investment in loans receivable and other	0	0	0
Proceeds from real estate disposals	0	0	0
Proceeds from loans receivable	0	0	0
Proceeds from sale or maturity of marketable securities			0
Funds held in escrow for future development expenditures			0
Development project expenditures	0	0	0
Capital expenditures	(726)	(314)	(15,733)
Distributions from unconsolidated entities	0
Investment in unconsolidated entities	0	0	0
Net cash used in investing activities	(726)	(314)	(15,733)
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	478,868	(171,000)	(584,000)
Net cash impact of CCP Spin-Off			0
Proceeds from debt	793,904	846,521	2,292,568
Issuance of debt related to CCP spin-off			0
Repayment of debt	(778,606)	(651,820)	(705,000)
Net change in intercompany debt	(917,917)	82,266	(1,008,773)
Purchase of noncontrolling interest	0	0	0
Payment of deferred financing costs	(20,450)	(5,787)	(22,297)
Issuance of common stock, net	0	0	0
Cash distribution from (to) affiliates	587,511	(6,943)	26,707
Cash distribution to common stockholders	0	0	0
Cash distribution to redeemable OP unitholders	0	0	0
Purchases of redeemable OP units			0
Contributions from noncontrolling interests	0	0
Distributions to noncontrolling interests	0	0	0
Other	0	0	0
Net cash (used in) provided by financing activities	143,310	93,237	(795)
Effect of foreign currency translation on cash and cash equivalents	0	0	0
Cash and cash equivalents at beginning of period	0	0	0
Cash and cash equivalents at end of period	0	0	0
Ventas Subsidiaries
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	1,434,216	1,395,768	1,498,280
Cash flows from investing activities:
Net investment in real estate property	(29,332)	19,118	0
Investment in loans receivable and other	(743,486)	(158,635)	(171,144)
Proceeds from real estate disposals	287	43,120	0
Proceeds from loans receivable	101,050	320,082	109,176
Proceeds from sale or maturity of marketable securities			0
Funds held in escrow for future development expenditures			4,003
Development project expenditures	(299,085)	(143,647)	(119,674)
Capital expenditures	(131,832)	(117,142)	(91,754)
Distributions from unconsolidated entities	6,169
Investment in unconsolidated entities	(61,220)	(6,436)	(30,704)
Net cash used in investing activities	(1,157,449)	(43,540)	(300,097)
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	(94,085)	135,363	(139,457)
Net cash impact of CCP Spin-Off			(1,401,749)
Proceeds from debt	317,745	46,697	220,179
Issuance of debt related to CCP spin-off			1,400,000
Repayment of debt	(590,478)	(370,293)	(730,596)
Net change in intercompany debt	(84,777)	(1,072,322)	(774,181)
Purchase of noncontrolling interest	0	(2,846)	(3,819)
Payment of deferred financing costs	(6,847)	(768)	(2,368)
Issuance of common stock, net	0	0	0
Cash distribution from (to) affiliates	217,390	(100,289)	288,759
Cash distribution to common stockholders	0	0	0
Cash distribution to redeemable OP unitholders	(5,677)	(8,640)	(15,095)
Purchases of redeemable OP units			(33,188)
Contributions from noncontrolling interests	4,402	7,326
Distributions to noncontrolling interests	(11,187)	(6,879)	(12,649)
Other	0	0	0
Net cash (used in) provided by financing activities	(253,514)	(1,372,651)	(1,204,164)
Net (decrease) increase in cash and cash equivalents	23,253	(20,423)	(5,981)
Effect of foreign currency translation on cash and cash equivalents	(28,130)	55,537	16,780
Cash and cash equivalents at beginning of period	76,404	41,290	30,491
Cash and cash equivalents at end of period	$ 71,527	$ 76,404	$ 41,290

Subsequent Event (Details)

Subsequent Event (Details) - property	1 Months Ended
	Jan. 31, 2018	Dec. 31, 2017
Subsequent Event [Line Items]
Ownership interests in properties accounted for under the equity method		25.00%
Subsequent Event
Subsequent Event [Line Items]
Number of properties managed by third party	76
Ownership interests in properties accounted for under the equity method	34.00%
Eclipse Senior Living | Subsequent Event
Subsequent Event [Line Items]
Ownership interests in properties accounted for under the equity method	66.00%

Schedule II_ Valuation and Q109

Schedule II: Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 121,472	$ 114,964	$ 94,921
Charged to Earnings	15,747	14,775	46,385
Acquired Properties	0	0	753
Uncollectible Accounts Written-off	(3,237)	(7,111)	(12,977)
Disposed Properties	(1,055)	(1,156)	(14,118)
Balance at End of Year	132,927	121,472	114,964
Allowance for Doubtful Accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	11,636	13,546	11,460
Charged to Earnings	7,207	5,093	10,937
Acquired Properties	0	0	753
Uncollectible Accounts Written-off	(3,237)	(7,111)	(12,977)
Disposed Properties	(443)	108	3,373
Balance at End of Year	15,163	11,636	13,546
Straight-line Rent Receivable Allowance
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	109,836	101,418	83,461
Charged to Earnings	8,540	9,682	35,448
Acquired Properties	0	0	0
Uncollectible Accounts Written-off	0	0	0
Disposed Properties	(612)	(1,264)	(17,491)
Balance at End of Year	$ 117,764	$ 109,836	$ 101,418

Schedule III_ Real Estate an110

Schedule III: Real Estate and Accumulated Depreciation (Rollforward) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Carrying cost:
Balance at beginning of period	$ 23,816,586	$ 22,458,032	$ 19,241,735
Additions during period:
Acquisitions	702,501	1,380,044	4,063,355
Capital expenditures	452,419	270,664	229,560
Deductions during period:
Foreign currency translation	93,490	(6,252)	(209,460)
Other	(397,158)	(285,902)	(867,158)
Balance at end of period	24,667,838	23,816,586	22,458,032
Accumulated depreciation:
Balance at beginning of period	4,190,496	3,544,625	2,925,508
Additions during period:
Depreciation expense	760,314	732,309	778,419
Dispositions:
Sales and/or transfers to assets held for sale	(176,926)	(87,431)	(144,545)
Foreign currency translation	11,511	993	(14,757)
Balance at end of period	$ 4,785,395	$ 4,190,496	$ 3,544,625

Schedule III_ Real Estate an111

Schedule III: Real Estate and Accumulated Depreciation (Properties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Real Estate and Accumulated Depreciation
Encumbrances	$ 1,308,564
Initial Cost to Company
Land and Improvements	2,140,863
Buildings and Improvements	21,575,402
Costs Capitalized Subsequent to Acquisition	951,573
Gross Amount Carried at Close of Period
Land and Improvements	2,147,621
Buildings and Improvements	22,520,217
Total	24,667,838	$ 23,816,586	$ 22,458,032	$ 19,241,735
Accumulated Depreciation	4,785,395	$ 4,190,496	$ 3,544,625	$ 2,925,508
NBV	19,882,443
General Acute Care Hospitals
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	109,357
Buildings and Improvements	1,254,142
Costs Capitalized Subsequent to Acquisition	16,126
Gross Amount Carried at Close of Period
Land and Improvements	107,105
Buildings and Improvements	1,272,520
Total	1,379,625
Accumulated Depreciation	84,863
NBV	1,294,762
General Acute Care Hospitals | 2550, Lovelace Medical Center Downtown NM
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	9,840
Buildings and Improvements	156,535
Costs Capitalized Subsequent to Acquisition	5,319
Gross Amount Carried at Close of Period
Land and Improvements	9,928
Buildings and Improvements	161,766
Total	171,694
Accumulated Depreciation	12,499
NBV	$ 159,195
Life on Which Depreciation in Income Statement is Computed	33 years
General Acute Care Hospitals | 2552, Lovelace Westside Hospital NM
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	10,107
Buildings and Improvements	18,501
Costs Capitalized Subsequent to Acquisition	(3,873)
Gross Amount Carried at Close of Period
Land and Improvements	10,107
Buildings and Improvements	14,628
Total	24,735
Accumulated Depreciation	2,879
NBV	$ 21,856
Life on Which Depreciation in Income Statement is Computed	20 years
General Acute Care Hospitals | 2553, Lovelace Womens Hospital NM
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7,236
Buildings and Improvements	183,866
Costs Capitalized Subsequent to Acquisition	10,317
Gross Amount Carried at Close of Period
Land and Improvements	7,236
Buildings and Improvements	194,183
Total	201,419
Accumulated Depreciation	10,423
NBV	$ 190,996
Life on Which Depreciation in Income Statement is Computed	47 years
General Acute Care Hospitals | 2554, Roswell Regional Hospital NM
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,560
Buildings and Improvements	41,164
Costs Capitalized Subsequent to Acquisition	1,509
Gross Amount Carried at Close of Period
Land and Improvements	2,560
Buildings and Improvements	42,673
Total	45,233
Accumulated Depreciation	2,380
NBV	$ 42,853
Life on Which Depreciation in Income Statement is Computed	47 years
General Acute Care Hospitals | 2558, Hillcrest Hospital Claremore
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,623
Buildings and Improvements	34,359
Costs Capitalized Subsequent to Acquisition	(10,268)
Gross Amount Carried at Close of Period
Land and Improvements	3,623
Buildings and Improvements	24,091
Total	27,714
Accumulated Depreciation	1,716
NBV	$ 25,998
Life on Which Depreciation in Income Statement is Computed	40 years
General Acute Care Hospitals | 2557, Bailey Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,964
Buildings and Improvements	8,969
Costs Capitalized Subsequent to Acquisition	(1,782)
Gross Amount Carried at Close of Period
Land and Improvements	4,964
Buildings and Improvements	7,187
Total	12,151
Accumulated Depreciation	799
NBV	$ 11,352
Life on Which Depreciation in Income Statement is Computed	32 years
General Acute Care Hospitals | 2555, Hillcrest Medical Center Tulsa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	28,319
Buildings and Improvements	215,199
Costs Capitalized Subsequent to Acquisition	8,605
Gross Amount Carried at Close of Period
Land and Improvements	28,319
Buildings and Improvements	223,804
Total	252,123
Accumulated Depreciation	16,487
NBV	$ 235,636
Life on Which Depreciation in Income Statement is Computed	34 years
General Acute Care Hospitals | 2556, Hillcrest Hospital South Tulsa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	17,026
Buildings and Improvements	100,892
Costs Capitalized Subsequent to Acquisition	12,243
Gross Amount Carried at Close of Period
Land and Improvements	17,026
Buildings and Improvements	113,135
Total	130,161
Accumulated Depreciation	7,535
NBV	$ 122,626
Life on Which Depreciation in Income Statement is Computed	40 years
General Acute Care Hospitals | 2559, Baptist St. Anthony's Hospital
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	13,779
Buildings and Improvements	358,029
Costs Capitalized Subsequent to Acquisition	13,713
Gross Amount Carried at Close of Period
Land and Improvements	13,015
Buildings and Improvements	372,506
Total	385,521
Accumulated Depreciation	20,940
NBV	$ 364,581
Life on Which Depreciation in Income Statement is Computed	44 years
General Acute Care Hospitals | 7701, Spire Hull and East Riding Hospital
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,194
Buildings and Improvements	81,613
Costs Capitalized Subsequent to Acquisition	(11,223)
Gross Amount Carried at Close of Period
Land and Improvements	2,771
Buildings and Improvements	70,813
Total	73,584
Accumulated Depreciation	5,425
NBV	$ 68,159
Life on Which Depreciation in Income Statement is Computed	50 years
General Acute Care Hospitals | 7700, Spire Fylde Coast, Lancashire
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,446
Buildings and Improvements	28,896
Costs Capitalized Subsequent to Acquisition	(4,148)
Gross Amount Carried at Close of Period
Land and Improvements	2,122
Buildings and Improvements	25,072
Total	27,194
Accumulated Depreciation	1,949
NBV	$ 25,245
Life on Which Depreciation in Income Statement is Computed	50 years
General Acute Care Hospitals | 7702, Spire Clare Park Hospital, Surrey
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,263
Buildings and Improvements	26,119
Costs Capitalized Subsequent to Acquisition	(4,286)
Gross Amount Carried at Close of Period
Land and Improvements	5,434
Buildings and Improvements	22,662
Total	28,096
Accumulated Depreciation	1,831
NBV	$ 26,265
Life on Which Depreciation in Income Statement is Computed	50 years
Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	$ 942,667
Initial Cost to Company
Land and Improvements	1,498,988
Buildings and Improvements	13,957,788
Costs Capitalized Subsequent to Acquisition	618,741
Gross Amount Carried at Close of Period
Land and Improvements	1,502,949
Buildings and Improvements	14,572,568
Total	16,075,517
Accumulated Depreciation	3,417,584
NBV	12,657,933
Medical Office Buildings
Real Estate and Accumulated Depreciation
Encumbrances	350,898
Initial Cost to Company
Land and Improvements	389,589
Buildings and Improvements	4,108,450
Costs Capitalized Subsequent to Acquisition	249,979
Gross Amount Carried at Close of Period
Land and Improvements	392,718
Buildings and Improvements	4,355,300
Total	4,748,018
Accumulated Depreciation	950,558
NBV	3,797,460
Medical Office Buildings | Papago Medical Park 6710
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	12,172
Costs Capitalized Subsequent to Acquisition	1,561
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	13,733
Total	13,733
Accumulated Depreciation	2,983
NBV	$ 10,750
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | North Valley Orthopedic Building Surgery Center, 7711
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,800
Buildings and Improvements	10,150
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,800
Buildings and Improvements	10,150
Total	12,950
Accumulated Depreciation	1,126
NBV	11,824
Medical Office Buildings | 2959, North Bay Corporate Headquarters
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	19,187
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	19,187
Total	19,187
Accumulated Depreciation	3,061
NBV	$ 16,126
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Burbank Medical Plaza, 6809
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,241
Buildings and Improvements	23,322
Costs Capitalized Subsequent to Acquisition	1,149
Gross Amount Carried at Close of Period
Land and Improvements	1,268
Buildings and Improvements	24,444
Total	25,712
Accumulated Depreciation	6,084
NBV	$ 19,628
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Burbank Medical Plaza II, 6827
Real Estate and Accumulated Depreciation
Encumbrances	$ 33,726
Initial Cost to Company
Land and Improvements	491
Buildings and Improvements	45,641
Costs Capitalized Subsequent to Acquisition	382
Gross Amount Carried at Close of Period
Land and Improvements	497
Buildings and Improvements	46,017
Total	46,514
Accumulated Depreciation	9,744
NBV	$ 36,770
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Eden Medical Plaza, 6808
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	258
Buildings and Improvements	2,455
Costs Capitalized Subsequent to Acquisition	394
Gross Amount Carried at Close of Period
Land and Improvements	328
Buildings and Improvements	2,779
Total	3,107
Accumulated Depreciation	1,147
NBV	$ 1,960
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | Sutter Medical Center 6828
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	25,088
Costs Capitalized Subsequent to Acquisition	1,387
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	26,475
Total	26,475
Accumulated Depreciation	3,810
NBV	$ 22,665
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | United Healthcare, Cypress, 7716
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	12,883
Buildings and Improvements	38,309
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	12,883
Buildings and Improvements	38,309
Total	51,192
Accumulated Depreciation	5,414
NBV	$ 45,778
Life on Which Depreciation in Income Statement is Computed	29 years
Medical Office Buildings | 2960, Gateway Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	12,872
Costs Capitalized Subsequent to Acquisition	65
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	12,937
Total	12,937
Accumulated Depreciation	2,054
NBV	$ 10,883
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2961, Solano North Bay Health Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	8,880
Costs Capitalized Subsequent to Acquisition	39
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	8,919
Total	8,919
Accumulated Depreciation	1,410
NBV	$ 7,509
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2964, NorthBay Healthcare MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	8,507
Costs Capitalized Subsequent to Acquisition	2,280
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	10,787
Total	10,787
Accumulated Depreciation	2,073
NBV	$ 8,714
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7713, UC Davis Medical
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,873
Buildings and Improvements	10,156
Costs Capitalized Subsequent to Acquisition	13
Gross Amount Carried at Close of Period
Land and Improvements	1,873
Buildings and Improvements	10,169
Total	12,042
Accumulated Depreciation	1,225
NBV	$ 10,817
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6620, Verdugo Hills Professional Bldg I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,683
Buildings and Improvements	9,589
Costs Capitalized Subsequent to Acquisition	1,725
Gross Amount Carried at Close of Period
Land and Improvements	6,693
Buildings and Improvements	11,304
Total	17,997
Accumulated Depreciation	3,377
NBV	$ 14,620
Life on Which Depreciation in Income Statement is Computed	23 years
Medical Office Buildings | 6621, Verdugo Hills Professional Bldg II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,464
Buildings and Improvements	3,731
Costs Capitalized Subsequent to Acquisition	2,359
Gross Amount Carried at Close of Period
Land and Improvements	4,469
Buildings and Improvements	6,085
Total	10,554
Accumulated Depreciation	2,079
NBV	$ 8,475
Life on Which Depreciation in Income Statement is Computed	19 years
Medical Office Buildings | 6830, Grossmont Medical Terrace
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	88
Buildings and Improvements	14,192
Costs Capitalized Subsequent to Acquisition	126
Gross Amount Carried at Close of Period
Land and Improvements	88
Buildings and Improvements	14,318
Total	14,406
Accumulated Depreciation	850
NBV	$ 13,556
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6810, St. Francis Lynwood Medical
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	688
Buildings and Improvements	8,385
Costs Capitalized Subsequent to Acquisition	1,471
Gross Amount Carried at Close of Period
Land and Improvements	697
Buildings and Improvements	9,847
Total	10,544
Accumulated Depreciation	3,210
NBV	$ 7,334
Life on Which Depreciation in Income Statement is Computed	32 years
Medical Office Buildings | 6824, PMB Mission Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	15,468
Buildings and Improvements	30,116
Costs Capitalized Subsequent to Acquisition	4,729
Gross Amount Carried at Close of Period
Land and Improvements	15,468
Buildings and Improvements	34,845
Total	50,313
Accumulated Depreciation	5,086
NBV	$ 45,227
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6816, PDP Mission Viejo
Real Estate and Accumulated Depreciation
Encumbrances	$ 56,345
Initial Cost to Company
Land and Improvements	1,916
Buildings and Improvements	77,022
Costs Capitalized Subsequent to Acquisition	959
Gross Amount Carried at Close of Period
Land and Improvements	1,916
Buildings and Improvements	77,981
Total	79,897
Accumulated Depreciation	17,040
NBV	$ 62,857
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6817, PDP Orange
Real Estate and Accumulated Depreciation
Encumbrances	$ 44,896
Initial Cost to Company
Land and Improvements	1,752
Buildings and Improvements	61,647
Costs Capitalized Subsequent to Acquisition	1,351
Gross Amount Carried at Close of Period
Land and Improvements	1,761
Buildings and Improvements	62,989
Total	64,750
Accumulated Depreciation	13,922
NBV	$ 50,828
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6823, NHP/PMB Pasadena
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,138
Buildings and Improvements	83,412
Costs Capitalized Subsequent to Acquisition	9,199
Gross Amount Carried at Close of Period
Land and Improvements	3,138
Buildings and Improvements	92,611
Total	95,749
Accumulated Depreciation	24,033
NBV	$ 71,716
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6826, Western University of Health Sciences Medical Pavilion
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	91
Buildings and Improvements	31,523
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	91
Buildings and Improvements	31,523
Total	31,614
Accumulated Depreciation	6,547
NBV	$ 25,067
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6815, Pomerado Outpatient Pavilion
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,233
Buildings and Improvements	71,435
Costs Capitalized Subsequent to Acquisition	3,000
Gross Amount Carried at Close of Period
Land and Improvements	3,233
Buildings and Improvements	74,435
Total	77,668
Accumulated Depreciation	17,861
NBV	$ 59,807
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6829, Sutter Van Ness
Real Estate and Accumulated Depreciation
Encumbrances	$ 34,675
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	84,520
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	84,520
Total	84,520
Accumulated Depreciation	0
NBV	84,520
Medical Office Buildings | 6811, San Gabriel Valley Medical
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	914
Buildings and Improvements	5,510
Costs Capitalized Subsequent to Acquisition	725
Gross Amount Carried at Close of Period
Land and Improvements	950
Buildings and Improvements	6,199
Total	7,149
Accumulated Depreciation	2,201
NBV	$ 4,948
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6812, Santa Clarita Valley Medical
Real Estate and Accumulated Depreciation
Encumbrances	$ 22,236
Initial Cost to Company
Land and Improvements	9,708
Buildings and Improvements	20,020
Costs Capitalized Subsequent to Acquisition	1,500
Gross Amount Carried at Close of Period
Land and Improvements	9,782
Buildings and Improvements	21,446
Total	31,228
Accumulated Depreciation	5,104
NBV	$ 26,124
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6825, Kenneth E Watts Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	262
Buildings and Improvements	6,945
Costs Capitalized Subsequent to Acquisition	2,462
Gross Amount Carried at Close of Period
Land and Improvements	334
Buildings and Improvements	9,335
Total	9,669
Accumulated Depreciation	3,224
NBV	$ 6,445
Life on Which Depreciation in Income Statement is Computed	23 years
Medical Office Buildings | 2962, Vaca Valley Health Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	9,634
Costs Capitalized Subsequent to Acquisition	612
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	10,246
Total	10,246
Accumulated Depreciation	1,516
NBV	$ 8,730
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2951, Potomac Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,401
Buildings and Improvements	9,118
Costs Capitalized Subsequent to Acquisition	3,162
Gross Amount Carried at Close of Period
Land and Improvements	2,800
Buildings and Improvements	11,881
Total	14,681
Accumulated Depreciation	5,655
NBV	$ 9,026
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2952, Briargate Medical Campus
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,238
Buildings and Improvements	12,301
Costs Capitalized Subsequent to Acquisition	442
Gross Amount Carried at Close of Period
Land and Improvements	1,259
Buildings and Improvements	12,722
Total	13,981
Accumulated Depreciation	4,710
NBV	$ 9,271
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2953, Printers Park Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,641
Buildings and Improvements	47,507
Costs Capitalized Subsequent to Acquisition	1,828
Gross Amount Carried at Close of Period
Land and Improvements	2,641
Buildings and Improvements	49,335
Total	51,976
Accumulated Depreciation	17,936
NBV	$ 34,040
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2963, Green Valley Ranch Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 5,485
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	12,139
Costs Capitalized Subsequent to Acquisition	1,011
Gross Amount Carried at Close of Period
Land and Improvements	235
Buildings and Improvements	12,915
Total	13,150
Accumulated Depreciation	1,841
NBV	$ 11,309
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6310, Community Physicians Pavilion
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	10,436
Costs Capitalized Subsequent to Acquisition	1,757
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	12,193
Total	12,193
Accumulated Depreciation	3,552
NBV	$ 8,641
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6311, Exempla Good Samaritan Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	4,393
Costs Capitalized Subsequent to Acquisition	(75)
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	4,318
Total	4,318
Accumulated Depreciation	504
NBV	$ 3,814
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7717, Dakota Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,540
Buildings and Improvements	12,901
Costs Capitalized Subsequent to Acquisition	356
Gross Amount Carried at Close of Period
Land and Improvements	2,540
Buildings and Improvements	13,257
Total	15,797
Accumulated Depreciation	1,432
NBV	$ 14,365
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2956, Avista Two Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	17,330
Costs Capitalized Subsequent to Acquisition	1,811
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	19,141
Total	19,141
Accumulated Depreciation	6,242
NBV	$ 12,899
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3071, The Sierra Medical Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,444
Buildings and Improvements	14,059
Costs Capitalized Subsequent to Acquisition	3,287
Gross Amount Carried at Close of Period
Land and Improvements	1,492
Buildings and Improvements	17,298
Total	18,790
Accumulated Depreciation	6,712
NBV	$ 12,078
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6730, Crown Point Healthcare Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	852
Buildings and Improvements	5,210
Costs Capitalized Subsequent to Acquisition	109
Gross Amount Carried at Close of Period
Land and Improvements	852
Buildings and Improvements	5,319
Total	6,171
Accumulated Depreciation	860
NBV	$ 5,311
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6320, Lutheran Medical Office Building II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	2,655
Costs Capitalized Subsequent to Acquisition	1,253
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,908
Total	3,908
Accumulated Depreciation	1,365
NBV	$ 2,543
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6321, Lutheran Medical Office Building IV
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	7,266
Costs Capitalized Subsequent to Acquisition	1,947
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	9,213
Total	9,213
Accumulated Depreciation	2,553
NBV	$ 6,660
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6322, Lutheran Medical Office Building III
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	11,947
Costs Capitalized Subsequent to Acquisition	1,094
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	13,041
Total	13,041
Accumulated Depreciation	3,328
NBV	$ 9,713
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6390, DePaul Professional Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	6,424
Costs Capitalized Subsequent to Acquisition	2,297
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	8,721
Total	8,721
Accumulated Depreciation	3,376
NBV	$ 5,345
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6391, Providence Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	2,473
Costs Capitalized Subsequent to Acquisition	970
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,443
Total	3,443
Accumulated Depreciation	1,452
NBV	$ 1,991
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2930, RTS Arcadia
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	345
Buildings and Improvements	2,884
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	345
Buildings and Improvements	2,884
Total	3,229
Accumulated Depreciation	770
NBV	$ 2,459
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings | Northbay Center for Primary Care - Vacaville, 2965
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	777
Buildings and Improvements	5,632
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	777
Buildings and Improvements	5,632
Total	6,409
Accumulated Depreciation	47
NBV	$ 6,362
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7742, Aventura Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	401
Buildings and Improvements	3,338
Costs Capitalized Subsequent to Acquisition	49
Gross Amount Carried at Close of Period
Land and Improvements	401
Buildings and Improvements	3,387
Total	3,788
Accumulated Depreciation	675
NBV	$ 3,113
Life on Which Depreciation in Income Statement is Computed	26 years
Medical Office Buildings | 2932, RTS Cape Coral
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	368
Buildings and Improvements	5,448
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	368
Buildings and Improvements	5,448
Total	5,816
Accumulated Depreciation	1,229
NBV	$ 4,587
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 2933, RTS Englewood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,071
Buildings and Improvements	3,516
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,071
Buildings and Improvements	3,516
Total	4,587
Accumulated Depreciation	851
NBV	$ 3,736
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2934, RTS Ft. Myers
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,153
Buildings and Improvements	4,127
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,153
Buildings and Improvements	4,127
Total	5,280
Accumulated Depreciation	1,117
NBV	$ 4,163
Life on Which Depreciation in Income Statement is Computed	31 years
Medical Office Buildings | 2935, RTS Key West
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	486
Buildings and Improvements	4,380
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	486
Buildings and Improvements	4,380
Total	4,866
Accumulated Depreciation	880
NBV	$ 3,986
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2902, JFK Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	453
Buildings and Improvements	1,711
Costs Capitalized Subsequent to Acquisition	303
Gross Amount Carried at Close of Period
Land and Improvements	453
Buildings and Improvements	2,014
Total	2,467
Accumulated Depreciation	799
NBV	$ 1,668
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7739, East Pointe Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	327
Buildings and Improvements	11,816
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	327
Buildings and Improvements	11,816
Total	12,143
Accumulated Depreciation	1,210
NBV	$ 10,933
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2903, Palms West Building 6
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	965
Buildings and Improvements	2,678
Costs Capitalized Subsequent to Acquisition	156
Gross Amount Carried at Close of Period
Land and Improvements	965
Buildings and Improvements	2,834
Total	3,799
Accumulated Depreciation	1,094
NBV	$ 2,705
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7740, Bay Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,215
Buildings and Improvements	15,041
Costs Capitalized Subsequent to Acquisition	3
Gross Amount Carried at Close of Period
Land and Improvements	4,215
Buildings and Improvements	15,044
Total	19,259
Accumulated Depreciation	1,771
NBV	$ 17,488
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2907, Aventura Heart & Health
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,023
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	25,361
Costs Capitalized Subsequent to Acquisition	3,030
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	28,391
Total	28,391
Accumulated Depreciation	11,656
NBV	$ 16,735
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2938, RTS Naples
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,152
Buildings and Improvements	3,726
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,152
Buildings and Improvements	3,726
Total	4,878
Accumulated Depreciation	851
NBV	$ 4,027
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7741, Bay Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	82
Buildings and Improvements	17,400
Costs Capitalized Subsequent to Acquisition	3
Gross Amount Carried at Close of Period
Land and Improvements	82
Buildings and Improvements	17,403
Total	17,485
Accumulated Depreciation	1,779
NBV	$ 15,706
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6633, Woodlands Center for Specialized Med
Real Estate and Accumulated Depreciation
Encumbrances	$ 14,073
Initial Cost to Company
Land and Improvements	2,518
Buildings and Improvements	24,006
Costs Capitalized Subsequent to Acquisition	30
Gross Amount Carried at Close of Period
Land and Improvements	2,518
Buildings and Improvements	24,036
Total	26,554
Accumulated Depreciation	5,399
NBV	$ 21,155
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2939, RTS Pt. Charlotte
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	966
Buildings and Improvements	4,581
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	966
Buildings and Improvements	4,581
Total	5,547
Accumulated Depreciation	1,097
NBV	$ 4,450
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 2940, RTS Sarasota
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,914
Buildings and Improvements	3,889
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,914
Buildings and Improvements	3,889
Total	5,803
Accumulated Depreciation	982
NBV	$ 4,821
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7743, Capital Regional MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	590
Buildings and Improvements	8,773
Costs Capitalized Subsequent to Acquisition	59
Gross Amount Carried at Close of Period
Land and Improvements	590
Buildings and Improvements	8,832
Total	9,422
Accumulated Depreciation	812
NBV	$ 8,610
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2906, University Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	6,690
Costs Capitalized Subsequent to Acquisition	393
Gross Amount Carried at Close of Period
Land and Improvements	5
Buildings and Improvements	7,078
Total	7,083
Accumulated Depreciation	2,755
NBV	$ 4,328
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2941, RTS Venice
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,536
Buildings and Improvements	4,104
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,536
Buildings and Improvements	4,104
Total	5,640
Accumulated Depreciation	997
NBV	$ 4,643
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7746, Athens Medical Complex
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,826
Buildings and Improvements	18,339
Costs Capitalized Subsequent to Acquisition	7
Gross Amount Carried at Close of Period
Land and Improvements	2,826
Buildings and Improvements	18,346
Total	21,172
Accumulated Depreciation	1,957
NBV	$ 19,215
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6130, Doctors Center at St Josephs Hospital
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	545
Buildings and Improvements	80,152
Costs Capitalized Subsequent to Acquisition	4,735
Gross Amount Carried at Close of Period
Land and Improvements	545
Buildings and Improvements	84,887
Total	85,432
Accumulated Depreciation	10,025
NBV	$ 75,407
Life on Which Depreciation in Income Statement is Computed	20 years
Medical Office Buildings | 6560, Augusta POB I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	233
Buildings and Improvements	7,894
Costs Capitalized Subsequent to Acquisition	1,479
Gross Amount Carried at Close of Period
Land and Improvements	233
Buildings and Improvements	9,373
Total	9,606
Accumulated Depreciation	4,403
NBV	$ 5,203
Life on Which Depreciation in Income Statement is Computed	14 years
Medical Office Buildings | 6561, Augusta POB, II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	735
Buildings and Improvements	13,717
Costs Capitalized Subsequent to Acquisition	1,049
Gross Amount Carried at Close of Period
Land and Improvements	735
Buildings and Improvements	14,766
Total	15,501
Accumulated Depreciation	5,024
NBV	$ 10,477
Life on Which Depreciation in Income Statement is Computed	23 years
Medical Office Buildings | 6562, Augusta POB, III
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	535
Buildings and Improvements	3,857
Costs Capitalized Subsequent to Acquisition	664
Gross Amount Carried at Close of Period
Land and Improvements	535
Buildings and Improvements	4,521
Total	5,056
Accumulated Depreciation	1,845
NBV	$ 3,211
Life on Which Depreciation in Income Statement is Computed	22 years
Medical Office Buildings | 6563, Augusta POB, IV
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	675
Buildings and Improvements	2,182
Costs Capitalized Subsequent to Acquisition	2,115
Gross Amount Carried at Close of Period
Land and Improvements	691
Buildings and Improvements	4,281
Total	4,972
Accumulated Depreciation	1,519
NBV	$ 3,453
Life on Which Depreciation in Income Statement is Computed	23 years
Medical Office Buildings | 3008, Cobb Physicians Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,145
Buildings and Improvements	16,805
Costs Capitalized Subsequent to Acquisition	1,228
Gross Amount Carried at Close of Period
Land and Improvements	1,145
Buildings and Improvements	18,033
Total	19,178
Accumulated Depreciation	5,249
NBV	$ 13,929
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6565, Summit Professional Plaza I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,821
Buildings and Improvements	2,974
Costs Capitalized Subsequent to Acquisition	124
Gross Amount Carried at Close of Period
Land and Improvements	1,821
Buildings and Improvements	3,098
Total	4,919
Accumulated Depreciation	3,016
NBV	$ 1,903
Life on Which Depreciation in Income Statement is Computed	31 years
Medical Office Buildings | 6566, Summit Professional Plaza II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	981
Buildings and Improvements	13,818
Costs Capitalized Subsequent to Acquisition	33
Gross Amount Carried at Close of Period
Land and Improvements	981
Buildings and Improvements	13,851
Total	14,832
Accumulated Depreciation	3,380
NBV	$ 11,452
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7745, Fayette MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	895
Buildings and Improvements	20,669
Costs Capitalized Subsequent to Acquisition	372
Gross Amount Carried at Close of Period
Land and Improvements	895
Buildings and Improvements	21,041
Total	21,936
Accumulated Depreciation	2,164
NBV	$ 19,772
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7749, Northside East Cobb, 1121
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,495
Buildings and Improvements	16,028
Costs Capitalized Subsequent to Acquisition	1,150
Gross Amount Carried at Close of Period
Land and Improvements	5,540
Buildings and Improvements	17,133
Total	22,673
Accumulated Depreciation	1,872
NBV	$ 20,801
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7744, PAPP Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,167
Buildings and Improvements	5,477
Costs Capitalized Subsequent to Acquisition	68
Gross Amount Carried at Close of Period
Land and Improvements	2,167
Buildings and Improvements	5,545
Total	7,712
Accumulated Depreciation	851
NBV	$ 6,861
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings | 3009, Parkway Physicians Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	476
Buildings and Improvements	10,017
Costs Capitalized Subsequent to Acquisition	668
Gross Amount Carried at Close of Period
Land and Improvements	476
Buildings and Improvements	10,685
Total	11,161
Accumulated Depreciation	3,018
NBV	$ 8,143
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7748, Riverdale MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,025
Buildings and Improvements	9,783
Costs Capitalized Subsequent to Acquisition	15
Gross Amount Carried at Close of Period
Land and Improvements	1,025
Buildings and Improvements	9,798
Total	10,823
Accumulated Depreciation	1,161
NBV	$ 9,662
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7769, Rush Copley POB I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	120
Buildings and Improvements	27,882
Costs Capitalized Subsequent to Acquisition	449
Gross Amount Carried at Close of Period
Land and Improvements	120
Buildings and Improvements	28,331
Total	28,451
Accumulated Depreciation	2,927
NBV	$ 25,524
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 7770, Rush Copley POB II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	49
Buildings and Improvements	27,217
Costs Capitalized Subsequent to Acquisition	457
Gross Amount Carried at Close of Period
Land and Improvements	49
Buildings and Improvements	27,674
Total	27,723
Accumulated Depreciation	2,785
NBV	$ 24,938
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6722, Good Shepherd Physician Office Building I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	152
Buildings and Improvements	3,224
Costs Capitalized Subsequent to Acquisition	227
Gross Amount Carried at Close of Period
Land and Improvements	152
Buildings and Improvements	3,451
Total	3,603
Accumulated Depreciation	521
NBV	$ 3,082
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6723, Good Shepherd Physician Office Building II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	512
Buildings and Improvements	12,977
Costs Capitalized Subsequent to Acquisition	438
Gross Amount Carried at Close of Period
Land and Improvements	512
Buildings and Improvements	13,415
Total	13,927
Accumulated Depreciation	2,092
NBV	$ 11,835
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6725, Trinity Hospital Physician Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	139
Buildings and Improvements	3,329
Costs Capitalized Subsequent to Acquisition	1,121
Gross Amount Carried at Close of Period
Land and Improvements	139
Buildings and Improvements	4,450
Total	4,589
Accumulated Depreciation	656
NBV	$ 3,933
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7767, Advocate Beverly Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,227
Buildings and Improvements	10,140
Costs Capitalized Subsequent to Acquisition	14
Gross Amount Carried at Close of Period
Land and Improvements	2,231
Buildings and Improvements	10,150
Total	12,381
Accumulated Depreciation	1,578
NBV	$ 10,803
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 7771, Crystal Lakes Medical Arts
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,490
Buildings and Improvements	19,504
Costs Capitalized Subsequent to Acquisition	42
Gross Amount Carried at Close of Period
Land and Improvements	2,523
Buildings and Improvements	19,513
Total	22,036
Accumulated Depreciation	2,237
NBV	$ 19,799
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7772, Advocate Good Shephard
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,444
Buildings and Improvements	10,953
Costs Capitalized Subsequent to Acquisition	112
Gross Amount Carried at Close of Period
Land and Improvements	2,444
Buildings and Improvements	11,065
Total	13,509
Accumulated Depreciation	1,452
NBV	$ 12,057
Life on Which Depreciation in Income Statement is Computed	33 years
Medical Office Buildings | 6400, Physicians Plaza East
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	791
Costs Capitalized Subsequent to Acquisition	1,894
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,685
Total	2,685
Accumulated Depreciation	756
NBV	$ 1,929
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6401, Physicians Plaza West
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	1,943
Costs Capitalized Subsequent to Acquisition	597
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,540
Total	2,540
Accumulated Depreciation	938
NBV	$ 1,602
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6404, Kenwood Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	3,900
Costs Capitalized Subsequent to Acquisition	3,773
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	7,673
Total	7,673
Accumulated Depreciation	1,951
NBV	$ 5,722
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6405, 304 W Hay Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	8,702
Costs Capitalized Subsequent to Acquisition	615
Gross Amount Carried at Close of Period
Land and Improvements	29
Buildings and Improvements	9,288
Total	9,317
Accumulated Depreciation	2,753
NBV	$ 6,564
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6406, 302 W Hay Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	3,467
Costs Capitalized Subsequent to Acquisition	444
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,911
Total	3,911
Accumulated Depreciation	1,384
NBV	$ 2,527
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6407, ENTA
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	1,150
Costs Capitalized Subsequent to Acquisition	16
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	1,166
Total	1,166
Accumulated Depreciation	415
NBV	$ 751
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6408, 301 W Hay Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	640
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	640
Total	640
Accumulated Depreciation	319
NBV	$ 321
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6409, South Shore Medical Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	902
Buildings and Improvements	129
Costs Capitalized Subsequent to Acquisition	56
Gross Amount Carried at Close of Period
Land and Improvements	958
Buildings and Improvements	129
Total	1,087
Accumulated Depreciation	198
NBV	$ 889
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6410, SIU Family Practice
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	1,689
Costs Capitalized Subsequent to Acquisition	1,505
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,194
Total	3,194
Accumulated Depreciation	661
NBV	$ 2,533
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6411, Corporate Health Services
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	934
Buildings and Improvements	1,386
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	934
Buildings and Improvements	1,386
Total	2,320
Accumulated Depreciation	614
NBV	$ 1,706
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6412, Rock Springs Medical
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	399
Buildings and Improvements	495
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	399
Buildings and Improvements	495
Total	894
Accumulated Depreciation	234
NBV	$ 660
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6420, 575 W Hay Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	111
Buildings and Improvements	739
Costs Capitalized Subsequent to Acquisition	24
Gross Amount Carried at Close of Period
Land and Improvements	111
Buildings and Improvements	763
Total	874
Accumulated Depreciation	293
NBV	$ 581
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6720, Good Samaritan Physician Office Building I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	407
Buildings and Improvements	10,337
Costs Capitalized Subsequent to Acquisition	791
Gross Amount Carried at Close of Period
Land and Improvements	407
Buildings and Improvements	11,128
Total	11,535
Accumulated Depreciation	1,645
NBV	$ 9,890
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6721, Good Samaritan Physician Office Building II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,013
Buildings and Improvements	25,370
Costs Capitalized Subsequent to Acquisition	785
Gross Amount Carried at Close of Period
Land and Improvements	1,013
Buildings and Improvements	26,155
Total	27,168
Accumulated Depreciation	3,922
NBV	$ 23,246
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2954, Eberle Medical Office Building ("Eberle MOB")
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	16,315
Costs Capitalized Subsequent to Acquisition	404
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	16,719
Total	16,719
Accumulated Depreciation	6,415
NBV	$ 10,304
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2971, 1425 Hunt Club Road MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	249
Buildings and Improvements	1,452
Costs Capitalized Subsequent to Acquisition	824
Gross Amount Carried at Close of Period
Land and Improvements	249
Buildings and Improvements	2,276
Total	2,525
Accumulated Depreciation	592
NBV	$ 1,933
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 2972, 1445 Hunt Club Drive
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	216
Buildings and Improvements	1,405
Costs Capitalized Subsequent to Acquisition	353
Gross Amount Carried at Close of Period
Land and Improvements	216
Buildings and Improvements	1,758
Total	1,974
Accumulated Depreciation	783
NBV	$ 1,191
Life on Which Depreciation in Income Statement is Computed	31 years
Medical Office Buildings | 2973, Gurnee Imaging Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	82
Buildings and Improvements	2,731
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	82
Buildings and Improvements	2,731
Total	2,813
Accumulated Depreciation	655
NBV	$ 2,158
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2974, Gurnee Center Club
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	627
Buildings and Improvements	17,851
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	627
Buildings and Improvements	17,851
Total	18,478
Accumulated Depreciation	4,497
NBV	$ 13,981
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6726, South Suburban Hospital Physician Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	191
Buildings and Improvements	4,370
Costs Capitalized Subsequent to Acquisition	225
Gross Amount Carried at Close of Period
Land and Improvements	191
Buildings and Improvements	4,595
Total	4,786
Accumulated Depreciation	779
NBV	$ 4,007
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2970, 755 Milwaukee MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	421
Buildings and Improvements	3,716
Costs Capitalized Subsequent to Acquisition	1,665
Gross Amount Carried at Close of Period
Land and Improvements	630
Buildings and Improvements	5,172
Total	5,802
Accumulated Depreciation	2,672
NBV	$ 3,130
Life on Which Depreciation in Income Statement is Computed	18 years
Medical Office Buildings | 2979, 890 Professional MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	214
Buildings and Improvements	2,630
Costs Capitalized Subsequent to Acquisition	276
Gross Amount Carried at Close of Period
Land and Improvements	214
Buildings and Improvements	2,906
Total	3,120
Accumulated Depreciation	1,018
NBV	$ 2,102
Life on Which Depreciation in Income Statement is Computed	26 years
Medical Office Buildings | 2980, Libertyville Center Club
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,020
Buildings and Improvements	17,176
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,020
Buildings and Improvements	17,176
Total	18,196
Accumulated Depreciation	4,445
NBV	$ 13,751
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6724, Christ Medical Center Physician Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	658
Buildings and Improvements	16,421
Costs Capitalized Subsequent to Acquisition	1,066
Gross Amount Carried at Close of Period
Land and Improvements	658
Buildings and Improvements	17,487
Total	18,145
Accumulated Depreciation	2,487
NBV	$ 15,658
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7718, Methodist North MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,025
Buildings and Improvements	29,493
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,025
Buildings and Improvements	29,493
Total	30,518
Accumulated Depreciation	3,071
NBV	$ 27,447
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7768, Davita Dialysis-Rockford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	256
Buildings and Improvements	2,543
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	256
Buildings and Improvements	2,543
Total	2,799
Accumulated Depreciation	312
NBV	$ 2,487
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2975, Round Lake ACC
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	758
Buildings and Improvements	370
Costs Capitalized Subsequent to Acquisition	378
Gross Amount Carried at Close of Period
Land and Improvements	799
Buildings and Improvements	707
Total	1,506
Accumulated Depreciation	551
NBV	$ 955
Life on Which Depreciation in Income Statement is Computed	13 years
Medical Office Buildings | 2976, Vernon Hills Acute Care Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,376
Buildings and Improvements	694
Costs Capitalized Subsequent to Acquisition	264
Gross Amount Carried at Close of Period
Land and Improvements	3,413
Buildings and Improvements	921
Total	4,334
Accumulated Depreciation	668
NBV	$ 3,666
Life on Which Depreciation in Income Statement is Computed	15 years
Medical Office Buildings | 6300, Wilbur S. Roby Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	2,653
Costs Capitalized Subsequent to Acquisition	870
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,523
Total	3,523
Accumulated Depreciation	1,397
NBV	$ 2,126
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6301, Ambulatory Services Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	4,266
Costs Capitalized Subsequent to Acquisition	1,733
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	5,999
Total	5,999
Accumulated Depreciation	2,271
NBV	$ 3,728
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6302, St. John's Medical Arts Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	2,281
Costs Capitalized Subsequent to Acquisition	1,450
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,731
Total	3,731
Accumulated Depreciation	1,148
NBV	$ 2,583
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6000, Carmel I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	466
Buildings and Improvements	5,954
Costs Capitalized Subsequent to Acquisition	610
Gross Amount Carried at Close of Period
Land and Improvements	466
Buildings and Improvements	6,564
Total	7,030
Accumulated Depreciation	1,831
NBV	$ 5,199
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings | 6001, Carmel II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	455
Buildings and Improvements	5,976
Costs Capitalized Subsequent to Acquisition	704
Gross Amount Carried at Close of Period
Land and Improvements	455
Buildings and Improvements	6,680
Total	7,135
Accumulated Depreciation	1,644
NBV	$ 5,491
Life on Which Depreciation in Income Statement is Computed	33 years
Medical Office Buildings | 6003, Carmel III
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	422
Buildings and Improvements	6,194
Costs Capitalized Subsequent to Acquisition	662
Gross Amount Carried at Close of Period
Land and Improvements	422
Buildings and Improvements	6,856
Total	7,278
Accumulated Depreciation	1,551
NBV	$ 5,727
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3090, Elkhart
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,256
Buildings and Improvements	1,973
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,256
Buildings and Improvements	1,973
Total	3,229
Accumulated Depreciation	1,111
NBV	$ 2,118
Life on Which Depreciation in Income Statement is Computed	32 years
Medical Office Buildings | 7777, Lutheran Medical Arts
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	702
Buildings and Improvements	13,576
Costs Capitalized Subsequent to Acquisition	47
Gross Amount Carried at Close of Period
Land and Improvements	702
Buildings and Improvements	13,623
Total	14,325
Accumulated Depreciation	1,481
NBV	$ 12,844
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7778, Dupont Road MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	633
Buildings and Improvements	13,479
Costs Capitalized Subsequent to Acquisition	154
Gross Amount Carried at Close of Period
Land and Improvements	672
Buildings and Improvements	13,594
Total	14,266
Accumulated Depreciation	1,583
NBV	$ 12,683
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6004, Harcourt Professional Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	519
Buildings and Improvements	28,951
Costs Capitalized Subsequent to Acquisition	2,419
Gross Amount Carried at Close of Period
Land and Improvements	519
Buildings and Improvements	31,370
Total	31,889
Accumulated Depreciation	8,030
NBV	$ 23,859
Life on Which Depreciation in Income Statement is Computed	28 years
Medical Office Buildings | 6005, Cardiac Professional Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	498
Buildings and Improvements	27,430
Costs Capitalized Subsequent to Acquisition	1,128
Gross Amount Carried at Close of Period
Land and Improvements	498
Buildings and Improvements	28,558
Total	29,056
Accumulated Depreciation	5,919
NBV	$ 23,137
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6008, CorVasc Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	514
Buildings and Improvements	9,617
Costs Capitalized Subsequent to Acquisition	14
Gross Amount Carried at Close of Period
Land and Improvements	514
Buildings and Improvements	9,631
Total	10,145
Accumulated Depreciation	562
NBV	$ 9,583
Life on Which Depreciation in Income Statement is Computed	36 years
Medical Office Buildings | 6006, Oncology Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	470
Buildings and Improvements	5,703
Costs Capitalized Subsequent to Acquisition	230
Gross Amount Carried at Close of Period
Land and Improvements	470
Buildings and Improvements	5,933
Total	6,403
Accumulated Depreciation	1,642
NBV	$ 4,761
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6120, St. Francis South Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	20,649
Costs Capitalized Subsequent to Acquisition	1,121
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	21,770
Total	21,770
Accumulated Depreciation	3,602
NBV	$ 18,168
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6600, Methodist Professional Center I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	61
Buildings and Improvements	37,411
Costs Capitalized Subsequent to Acquisition	5,219
Gross Amount Carried at Close of Period
Land and Improvements	61
Buildings and Improvements	42,630
Total	42,691
Accumulated Depreciation	10,467
NBV	$ 32,224
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6745, Indiana Orthopedic Center of Excellence
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	967
Buildings and Improvements	83,746
Costs Capitalized Subsequent to Acquisition	3,106
Gross Amount Carried at Close of Period
Land and Improvements	967
Buildings and Improvements	86,852
Total	87,819
Accumulated Depreciation	6,453
NBV	$ 81,366
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7776, United Healthcare
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,737
Buildings and Improvements	32,116
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,737
Buildings and Improvements	32,116
Total	37,853
Accumulated Depreciation	3,599
NBV	$ 34,254
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3091, LaPorte
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	553
Buildings and Improvements	1,309
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	553
Buildings and Improvements	1,309
Total	1,862
Accumulated Depreciation	479
NBV	$ 1,383
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 3092, Mishawaka
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,787
Buildings and Improvements	5,543
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,787
Buildings and Improvements	5,543
Total	9,330
Accumulated Depreciation	3,242
NBV	$ 6,088
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7773, Cancer Care Partners
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,162
Buildings and Improvements	28,633
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,162
Buildings and Improvements	28,633
Total	31,795
Accumulated Depreciation	2,909
NBV	$ 28,886
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7774, Michiana Oncology
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,577
Buildings and Improvements	20,939
Costs Capitalized Subsequent to Acquisition	4
Gross Amount Carried at Close of Period
Land and Improvements	4,581
Buildings and Improvements	20,939
Total	25,520
Accumulated Depreciation	2,228
NBV	$ 23,292
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7775, DaVita Dialysis
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	396
Buildings and Improvements	2,056
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	396
Buildings and Improvements	2,056
Total	2,452
Accumulated Depreciation	258
NBV	$ 2,194
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3093, South Bend
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	792
Buildings and Improvements	2,530
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	792
Buildings and Improvements	2,530
Total	3,322
Accumulated Depreciation	766
NBV	$ 2,556
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 7719, Via Christi Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,883
Buildings and Improvements	7,428
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,883
Buildings and Improvements	7,428
Total	9,311
Accumulated Depreciation	922
NBV	$ 8,389
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6590, OLBH Same Day Surgery Center Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	101
Buildings and Improvements	19,066
Costs Capitalized Subsequent to Acquisition	608
Gross Amount Carried at Close of Period
Land and Improvements	101
Buildings and Improvements	19,674
Total	19,775
Accumulated Depreciation	4,819
NBV	$ 14,956
Life on Which Depreciation in Income Statement is Computed	26 years
Medical Office Buildings | 6634, Saint Elizabeth Covington
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	345
Buildings and Improvements	12,790
Costs Capitalized Subsequent to Acquisition	33
Gross Amount Carried at Close of Period
Land and Improvements	345
Buildings and Improvements	12,823
Total	13,168
Accumulated Depreciation	2,887
NBV	$ 10,281
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6635, Saint Elizabeth Florence Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	402
Buildings and Improvements	8,279
Costs Capitalized Subsequent to Acquisition	1,439
Gross Amount Carried at Close of Period
Land and Improvements	402
Buildings and Improvements	9,718
Total	10,120
Accumulated Depreciation	2,640
NBV	$ 7,480
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6735, Jefferson Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	673
Costs Capitalized Subsequent to Acquisition	2,018
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,691
Total	2,691
Accumulated Depreciation	263
NBV	$ 2,428
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6585, East Jefferson Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	168
Buildings and Improvements	17,264
Costs Capitalized Subsequent to Acquisition	2,197
Gross Amount Carried at Close of Period
Land and Improvements	168
Buildings and Improvements	19,461
Total	19,629
Accumulated Depreciation	6,008
NBV	$ 13,621
Life on Which Depreciation in Income Statement is Computed	32 years
Medical Office Buildings | 6586, East Jefferson Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	107
Buildings and Improvements	15,137
Costs Capitalized Subsequent to Acquisition	2,283
Gross Amount Carried at Close of Period
Land and Improvements	107
Buildings and Improvements	17,420
Total	17,527
Accumulated Depreciation	4,758
NBV	$ 12,769
Life on Which Depreciation in Income Statement is Computed	28 years
Medical Office Buildings | 6800, Lakeside POB I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,334
Buildings and Improvements	4,974
Costs Capitalized Subsequent to Acquisition	3,198
Gross Amount Carried at Close of Period
Land and Improvements	3,334
Buildings and Improvements	8,172
Total	11,506
Accumulated Depreciation	3,279
NBV	$ 8,227
Life on Which Depreciation in Income Statement is Computed	22 years
Medical Office Buildings | 6801, Lakeside POB II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,046
Buildings and Improvements	802
Costs Capitalized Subsequent to Acquisition	547
Gross Amount Carried at Close of Period
Land and Improvements	1,046
Buildings and Improvements	1,349
Total	2,395
Accumulated Depreciation	931
NBV	$ 1,464
Life on Which Depreciation in Income Statement is Computed	7 years
Medical Office Buildings | 7720, Fresenius Medical
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,195
Buildings and Improvements	3,797
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,195
Buildings and Improvements	3,797
Total	4,992
Accumulated Depreciation	427
NBV	$ 4,565
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2931, RTS Berlin
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	2,216
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,216
Total	2,216
Accumulated Depreciation	546
NBV	$ 1,670
Life on Which Depreciation in Income Statement is Computed	29 years
Medical Office Buildings | 3015, Charles O. Fisher Medical Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 10,943
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	13,795
Costs Capitalized Subsequent to Acquisition	1,768
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	15,563
Total	15,563
Accumulated Depreciation	6,459
NBV	$ 9,104
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6330, Medical Specialties Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	19,242
Costs Capitalized Subsequent to Acquisition	1,508
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	20,750
Total	20,750
Accumulated Depreciation	5,621
NBV	$ 15,129
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6331, North Professional Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	7,228
Costs Capitalized Subsequent to Acquisition	1,633
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	8,861
Total	8,861
Accumulated Depreciation	3,001
NBV	$ 5,860
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6333, Borgess Navigation Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	2,391
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,391
Total	2,391
Accumulated Depreciation	694
NBV	$ 1,697
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6337, Borgess Health & Fitness Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	11,959
Costs Capitalized Subsequent to Acquisition	603
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	12,562
Total	12,562
Accumulated Depreciation	3,594
NBV	$ 8,968
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6360, Heart Center Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	8,420
Costs Capitalized Subsequent to Acquisition	440
Gross Amount Carried at Close of Period
Land and Improvements	10
Buildings and Improvements	8,850
Total	8,860
Accumulated Depreciation	2,876
NBV	$ 5,984
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6332, Medical Commons Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	661
Costs Capitalized Subsequent to Acquisition	644
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	1,305
Total	1,305
Accumulated Depreciation	445
NBV	$ 860
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2936, RTS Madison Heights
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	401
Buildings and Improvements	2,946
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	401
Buildings and Improvements	2,946
Total	3,347
Accumulated Depreciation	698
NBV	$ 2,649
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2937, RTS Monroe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	281
Buildings and Improvements	3,450
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	281
Buildings and Improvements	3,450
Total	3,731
Accumulated Depreciation	917
NBV	$ 2,814
Life on Which Depreciation in Income Statement is Computed	31 years
Medical Office Buildings | 7780, Bronson Lakeview OPC
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,835
Buildings and Improvements	31,564
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,835
Buildings and Improvements	31,564
Total	35,399
Accumulated Depreciation	3,629
NBV	$ 31,770
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6336, Pro Med Center Plainwell
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	697
Costs Capitalized Subsequent to Acquisition	7
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	704
Total	704
Accumulated Depreciation	223
NBV	$ 481
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6335, Pro Med Center Richland
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	233
Buildings and Improvements	2,267
Costs Capitalized Subsequent to Acquisition	77
Gross Amount Carried at Close of Period
Land and Improvements	233
Buildings and Improvements	2,344
Total	2,577
Accumulated Depreciation	658
NBV	$ 1,919
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7779, Henry Ford Dialysis Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	589
Buildings and Improvements	3,350
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	589
Buildings and Improvements	3,350
Total	3,939
Accumulated Depreciation	381
NBV	$ 3,558
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7781, Metro Health
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,325
Buildings and Improvements	5,479
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,325
Buildings and Improvements	5,479
Total	6,804
Accumulated Depreciation	659
NBV	$ 6,145
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7782, Spectrum Health
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,463
Buildings and Improvements	14,353
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,463
Buildings and Improvements	14,353
Total	16,816
Accumulated Depreciation	1,727
NBV	$ 15,089
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6625, Cogdell Duluth Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	33,406
Costs Capitalized Subsequent to Acquisition	(19)
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	33,387
Total	33,387
Accumulated Depreciation	5,162
NBV	$ 28,225
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7721, Allina Health
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,442
Buildings and Improvements	7,742
Costs Capitalized Subsequent to Acquisition	54
Gross Amount Carried at Close of Period
Land and Improvements	1,442
Buildings and Improvements	7,796
Total	9,238
Accumulated Depreciation	1,058
NBV	$ 8,180
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7722, Unitron Hearing
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,646
Buildings and Improvements	8,962
Costs Capitalized Subsequent to Acquisition	5
Gross Amount Carried at Close of Period
Land and Improvements	2,646
Buildings and Improvements	8,967
Total	11,613
Accumulated Depreciation	1,511
NBV	$ 10,102
Life on Which Depreciation in Income Statement is Computed	29 years
Medical Office Buildings | 6615, Health Partners Medical and Dental Clinics
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,492
Buildings and Improvements	15,694
Costs Capitalized Subsequent to Acquisition	49
Gross Amount Carried at Close of Period
Land and Improvements	2,503
Buildings and Improvements	15,732
Total	18,235
Accumulated Depreciation	3,787
NBV	$ 14,448
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2986, Arnold Urgent Care
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,058
Buildings and Improvements	556
Costs Capitalized Subsequent to Acquisition	155
Gross Amount Carried at Close of Period
Land and Improvements	1,097
Buildings and Improvements	672
Total	1,769
Accumulated Depreciation	520
NBV	$ 1,249
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6513, Rocky Mount Kidney Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	479
Buildings and Improvements	1,297
Costs Capitalized Subsequent to Acquisition	39
Gross Amount Carried at Close of Period
Land and Improvements	479
Buildings and Improvements	1,336
Total	1,815
Accumulated Depreciation	511
NBV	$ 1,304
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6514, Rocky Mount Medical Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,552
Buildings and Improvements	7,779
Costs Capitalized Subsequent to Acquisition	1,919
Gross Amount Carried at Close of Period
Land and Improvements	2,652
Buildings and Improvements	9,598
Total	12,250
Accumulated Depreciation	2,797
NBV	$ 9,453
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings | 6630, English Road Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 3,877
Initial Cost to Company
Land and Improvements	1,321
Buildings and Improvements	3,747
Costs Capitalized Subsequent to Acquisition	8
Gross Amount Carried at Close of Period
Land and Improvements	1,321
Buildings and Improvements	3,755
Total	5,076
Accumulated Depreciation	1,335
NBV	$ 3,741
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6510, Rowan Outpatient Surgery Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,039
Buildings and Improvements	5,184
Costs Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period
Land and Improvements	1,039
Buildings and Improvements	5,179
Total	6,218
Accumulated Depreciation	1,323
NBV	$ 4,895
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7724, Trinity Health Medical Arts Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	935
Buildings and Improvements	15,482
Costs Capitalized Subsequent to Acquisition	49
Gross Amount Carried at Close of Period
Land and Improvements	951
Buildings and Improvements	15,515
Total	16,466
Accumulated Depreciation	2,297
NBV	$ 14,169
Life on Which Depreciation in Income Statement is Computed	26 years
Medical Office Buildings | 7753, Cooper Health MOB I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,389
Buildings and Improvements	2,742
Costs Capitalized Subsequent to Acquisition	(13)
Gross Amount Carried at Close of Period
Land and Improvements	1,389
Buildings and Improvements	2,729
Total	4,118
Accumulated Depreciation	414
NBV	$ 3,704
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7754, Cooper Health MOB II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	594
Buildings and Improvements	5,638
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	594
Buildings and Improvements	5,638
Total	6,232
Accumulated Depreciation	604
NBV	$ 5,628
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7755, Salem Medical
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	275
Buildings and Improvements	4,132
Costs Capitalized Subsequent to Acquisition	3
Gross Amount Carried at Close of Period
Land and Improvements	275
Buildings and Improvements	4,135
Total	4,410
Accumulated Depreciation	440
NBV	$ 3,970
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Anderson Medical Arts Building I, 2925
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	9,632
Costs Capitalized Subsequent to Acquisition	1,948
Gross Amount Carried at Close of Period
Land and Improvements	20
Buildings and Improvements	11,560
Total	11,580
Accumulated Depreciation	4,608
NBV	$ 6,972
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Anderson Medical Arts Building II, 2926
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	15,123
Costs Capitalized Subsequent to Acquisition	2,282
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	17,405
Total	17,405
Accumulated Depreciation	6,972
NBV	$ 10,433
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Riverside North Medical Office Building, 6200
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	785
Buildings and Improvements	8,519
Costs Capitalized Subsequent to Acquisition	1,641
Gross Amount Carried at Close of Period
Land and Improvements	785
Buildings and Improvements	10,160
Total	10,945
Accumulated Depreciation	3,470
NBV	$ 7,475
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | Riverside South Medical Office Building, 6201
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	586
Buildings and Improvements	7,298
Costs Capitalized Subsequent to Acquisition	833
Gross Amount Carried at Close of Period
Land and Improvements	610
Buildings and Improvements	8,107
Total	8,717
Accumulated Depreciation	2,567
NBV	$ 6,150
Life on Which Depreciation in Income Statement is Computed	27 years
Medical Office Buildings | 340 East Town Medical Office Building, 6202
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	10
Buildings and Improvements	9,443
Costs Capitalized Subsequent to Acquisition	1,001
Gross Amount Carried at Close of Period
Land and Improvements	10
Buildings and Improvements	10,444
Total	10,454
Accumulated Depreciation	2,700
NBV	$ 7,754
Life on Which Depreciation in Income Statement is Computed	29 years
Medical Office Buildings | 393 East Town Medical Office Building, 6203
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	61
Buildings and Improvements	4,760
Costs Capitalized Subsequent to Acquisition	320
Gross Amount Carried at Close of Period
Land and Improvements	61
Buildings and Improvements	5,080
Total	5,141
Accumulated Depreciation	1,614
NBV	$ 3,527
Life on Which Depreciation in Income Statement is Computed	20 years
Medical Office Buildings | 141 South Sixth Medical Office Building, 6204
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	80
Buildings and Improvements	1,113
Costs Capitalized Subsequent to Acquisition	1,119
Gross Amount Carried at Close of Period
Land and Improvements	80
Buildings and Improvements	2,232
Total	2,312
Accumulated Depreciation	551
NBV	$ 1,761
Life on Which Depreciation in Income Statement is Computed	14 years
Medical Office Buildings | Doctors West Medical Office Building, 6205
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	414
Buildings and Improvements	5,362
Costs Capitalized Subsequent to Acquisition	840
Gross Amount Carried at Close of Period
Land and Improvements	414
Buildings and Improvements	6,202
Total	6,616
Accumulated Depreciation	1,655
NBV	$ 4,961
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Eastside Health Center, 6208
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	956
Buildings and Improvements	3,472
Costs Capitalized Subsequent to Acquisition	(2)
Gross Amount Carried at Close of Period
Land and Improvements	956
Buildings and Improvements	3,470
Total	4,426
Accumulated Depreciation	1,674
NBV	$ 2,752
Life on Which Depreciation in Income Statement is Computed	15 years
Medical Office Buildings | East Main Medical Office Building, 6209
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	440
Buildings and Improvements	4,771
Costs Capitalized Subsequent to Acquisition	63
Gross Amount Carried at Close of Period
Land and Improvements	440
Buildings and Improvements	4,834
Total	5,274
Accumulated Depreciation	1,270
NBV	$ 4,004
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Northcountry MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,320
Buildings and Improvements	10,799
Costs Capitalized Subsequent to Acquisition	7
Gross Amount Carried at Close of Period
Land and Improvements	1,320
Buildings and Improvements	10,806
Total	12,126
Accumulated Depreciation	1,346
NBV	$ 10,780
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Central NY Medical Center, 6610
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,786
Buildings and Improvements	26,101
Costs Capitalized Subsequent to Acquisition	2,980
Gross Amount Carried at Close of Period
Land and Improvements	1,792
Buildings and Improvements	29,075
Total	30,867
Accumulated Depreciation	6,923
NBV	$ 23,944
Life on Which Depreciation in Income Statement is Computed	33 years
Medical Office Buildings | St Peters Recovery Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,059
Buildings and Improvements	9,156
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,059
Buildings and Improvements	9,156
Total	10,215
Accumulated Depreciation	1,127
NBV	$ 9,088
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Albany Medical Center MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	321
Buildings and Improvements	18,389
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	321
Buildings and Improvements	18,389
Total	18,710
Accumulated Depreciation	1,684
NBV	$ 17,026
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Durango Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,787
Buildings and Improvements	27,738
Costs Capitalized Subsequent to Acquisition	(3,128)
Gross Amount Carried at Close of Period
Land and Improvements	3,677
Buildings and Improvements	24,720
Total	28,397
Accumulated Depreciation	2,841
NBV	$ 25,556
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | The Terrace at South Meadows, 6819
Real Estate and Accumulated Depreciation
Encumbrances	$ 6,699
Initial Cost to Company
Land and Improvements	504
Buildings and Improvements	9,966
Costs Capitalized Subsequent to Acquisition	610
Gross Amount Carried at Close of Period
Land and Improvements	504
Buildings and Improvements	10,576
Total	11,080
Accumulated Depreciation	3,183
NBV	$ 7,897
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Del E Webb Medical Plaza, 6813
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,028
Buildings and Improvements	16,993
Costs Capitalized Subsequent to Acquisition	1,515
Gross Amount Carried at Close of Period
Land and Improvements	1,028
Buildings and Improvements	18,508
Total	19,536
Accumulated Depreciation	5,153
NBV	$ 14,383
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Carson Tahoe Specialty Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	688
Buildings and Improvements	11,346
Costs Capitalized Subsequent to Acquisition	364
Gross Amount Carried at Close of Period
Land and Improvements	723
Buildings and Improvements	11,675
Total	12,398
Accumulated Depreciation	1,339
NBV	$ 11,059
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6221, Wilkins Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	123
Buildings and Improvements	18,062
Costs Capitalized Subsequent to Acquisition	343
Gross Amount Carried at Close of Period
Land and Improvements	123
Buildings and Improvements	18,405
Total	18,528
Accumulated Depreciation	3,968
NBV	$ 14,560
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6207, Grady Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	239
Buildings and Improvements	2,263
Costs Capitalized Subsequent to Acquisition	370
Gross Amount Carried at Close of Period
Land and Improvements	239
Buildings and Improvements	2,633
Total	2,872
Accumulated Depreciation	940
NBV	$ 1,932
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6206, Dublin Northwest Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	342
Buildings and Improvements	3,278
Costs Capitalized Subsequent to Acquisition	234
Gross Amount Carried at Close of Period
Land and Improvements	342
Buildings and Improvements	3,512
Total	3,854
Accumulated Depreciation	1,093
NBV	$ 2,761
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 6210, Preserve III Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,449
Buildings and Improvements	7,025
Costs Capitalized Subsequent to Acquisition	(66)
Gross Amount Carried at Close of Period
Land and Improvements	2,449
Buildings and Improvements	6,959
Total	9,408
Accumulated Depreciation	1,883
NBV	$ 7,525
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6950, Zanesville Surgery Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	172
Buildings and Improvements	9,403
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	172
Buildings and Improvements	9,403
Total	9,575
Accumulated Depreciation	2,126
NBV	$ 7,449
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6951, Dialysis Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	534
Buildings and Improvements	855
Costs Capitalized Subsequent to Acquisition	81
Gross Amount Carried at Close of Period
Land and Improvements	534
Buildings and Improvements	936
Total	1,470
Accumulated Depreciation	541
NBV	$ 929
Life on Which Depreciation in Income Statement is Computed	21 years
Medical Office Buildings | 6952, Genesis Children's Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	538
Buildings and Improvements	3,781
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	538
Buildings and Improvements	3,781
Total	4,319
Accumulated Depreciation	1,184
NBV	$ 3,135
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings | 6953, Medical Arts Building I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	429
Buildings and Improvements	2,405
Costs Capitalized Subsequent to Acquisition	520
Gross Amount Carried at Close of Period
Land and Improvements	436
Buildings and Improvements	2,918
Total	3,354
Accumulated Depreciation	1,200
NBV	$ 2,154
Life on Which Depreciation in Income Statement is Computed	20 years
Medical Office Buildings | 6954, Medical Arts Building II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	485
Buildings and Improvements	6,013
Costs Capitalized Subsequent to Acquisition	835
Gross Amount Carried at Close of Period
Land and Improvements	510
Buildings and Improvements	6,823
Total	7,333
Accumulated Depreciation	2,780
NBV	$ 4,553
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6955, Medical Arts Building III
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	94
Buildings and Improvements	1,248
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	94
Buildings and Improvements	1,248
Total	1,342
Accumulated Depreciation	505
NBV	$ 837
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6956, Primecare Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	130
Buildings and Improvements	1,344
Costs Capitalized Subsequent to Acquisition	648
Gross Amount Carried at Close of Period
Land and Improvements	130
Buildings and Improvements	1,992
Total	2,122
Accumulated Depreciation	776
NBV	$ 1,346
Life on Which Depreciation in Income Statement is Computed	20 years
Medical Office Buildings | 6957, Outpatient Rehabilitation Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	82
Buildings and Improvements	1,541
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	82
Buildings and Improvements	1,541
Total	1,623
Accumulated Depreciation	521
NBV	$ 1,102
Life on Which Depreciation in Income Statement is Computed	28 years
Medical Office Buildings | 6958, Radiation Oncology Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	105
Buildings and Improvements	1,201
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	105
Buildings and Improvements	1,201
Total	1,306
Accumulated Depreciation	477
NBV	$ 829
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6959, Healthplex
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,488
Buildings and Improvements	15,849
Costs Capitalized Subsequent to Acquisition	648
Gross Amount Carried at Close of Period
Land and Improvements	2,508
Buildings and Improvements	16,477
Total	18,985
Accumulated Depreciation	5,213
NBV	$ 13,772
Life on Which Depreciation in Income Statement is Computed	32 years
Medical Office Buildings | 6960, Physicians Pavilion
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	422
Buildings and Improvements	6,297
Costs Capitalized Subsequent to Acquisition	1,425
Gross Amount Carried at Close of Period
Land and Improvements	422
Buildings and Improvements	7,722
Total	8,144
Accumulated Depreciation	2,746
NBV	$ 5,398
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6961, Zanesville Northside Pharmacy
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	42
Buildings and Improvements	635
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	42
Buildings and Improvements	635
Total	677
Accumulated Depreciation	223
NBV	$ 454
Life on Which Depreciation in Income Statement is Computed	28 years
Medical Office Buildings | 6962, Bethesda Campus MOB III
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	188
Buildings and Improvements	1,137
Costs Capitalized Subsequent to Acquisition	141
Gross Amount Carried at Close of Period
Land and Improvements	199
Buildings and Improvements	1,267
Total	1,466
Accumulated Depreciation	482
NBV	$ 984
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6814, Tuality 7th Avenue Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 18,230
Initial Cost to Company
Land and Improvements	1,516
Buildings and Improvements	24,638
Costs Capitalized Subsequent to Acquisition	1,387
Gross Amount Carried at Close of Period
Land and Improvements	1,533
Buildings and Improvements	26,008
Total	27,541
Accumulated Depreciation	6,694
NBV	$ 20,847
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3002, Professional Office Building I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	6,283
Costs Capitalized Subsequent to Acquisition	2,410
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	8,693
Total	8,693
Accumulated Depreciation	4,178
NBV	$ 4,515
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings | 3003, DCMH Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	10,424
Costs Capitalized Subsequent to Acquisition	1,599
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	12,023
Total	12,023
Accumulated Depreciation	6,223
NBV	$ 5,800
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings | 7762, Pinnacle Health
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,574
Buildings and Improvements	16,767
Costs Capitalized Subsequent to Acquisition	407
Gross Amount Carried at Close of Period
Land and Improvements	2,674
Buildings and Improvements	17,074
Total	19,748
Accumulated Depreciation	2,050
NBV	$ 17,698
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6605, Lancaster Rehabilitation Hospital
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	959
Buildings and Improvements	16,610
Costs Capitalized Subsequent to Acquisition	(16)
Gross Amount Carried at Close of Period
Land and Improvements	959
Buildings and Improvements	16,594
Total	17,553
Accumulated Depreciation	3,815
NBV	$ 13,738
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6632, Lancaster ASC MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	593
Buildings and Improvements	17,117
Costs Capitalized Subsequent to Acquisition	433
Gross Amount Carried at Close of Period
Land and Improvements	593
Buildings and Improvements	17,550
Total	18,143
Accumulated Depreciation	4,469
NBV	$ 13,674
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6340, St. Joseph Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	10,823
Costs Capitalized Subsequent to Acquisition	811
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	11,634
Total	11,634
Accumulated Depreciation	3,689
NBV	$ 7,945
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7759, Crozer - Keystone MOB I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	9,130
Buildings and Improvements	47,078
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	9,130
Buildings and Improvements	47,078
Total	56,208
Accumulated Depreciation	6,259
NBV	$ 49,949
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7760, Crozer - Keystone MOB II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,178
Buildings and Improvements	6,523
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,178
Buildings and Improvements	6,523
Total	11,701
Accumulated Depreciation	922
NBV	$ 10,779
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6636, Doylestown Health & Wellness Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,452
Buildings and Improvements	17,383
Costs Capitalized Subsequent to Acquisition	960
Gross Amount Carried at Close of Period
Land and Improvements	4,497
Buildings and Improvements	18,298
Total	22,795
Accumulated Depreciation	4,799
NBV	$ 17,996
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 6541, Roper Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 7,890
Initial Cost to Company
Land and Improvements	127
Buildings and Improvements	14,737
Costs Capitalized Subsequent to Acquisition	3,582
Gross Amount Carried at Close of Period
Land and Improvements	127
Buildings and Improvements	18,319
Total	18,446
Accumulated Depreciation	4,913
NBV	$ 13,533
Life on Which Depreciation in Income Statement is Computed	28 years
Medical Office Buildings | 6543, St. Francis Medical Plaza (Charleston)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	447
Buildings and Improvements	3,946
Costs Capitalized Subsequent to Acquisition	621
Gross Amount Carried at Close of Period
Land and Improvements	447
Buildings and Improvements	4,567
Total	5,014
Accumulated Depreciation	1,369
NBV	$ 3,645
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6526, Providence MOB I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	225
Buildings and Improvements	4,274
Costs Capitalized Subsequent to Acquisition	869
Gross Amount Carried at Close of Period
Land and Improvements	225
Buildings and Improvements	5,143
Total	5,368
Accumulated Depreciation	2,105
NBV	$ 3,263
Life on Which Depreciation in Income Statement is Computed	18 years
Medical Office Buildings | 6527, Providence MOB II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	122
Buildings and Improvements	1,834
Costs Capitalized Subsequent to Acquisition	172
Gross Amount Carried at Close of Period
Land and Improvements	150
Buildings and Improvements	1,978
Total	2,128
Accumulated Depreciation	854
NBV	$ 1,274
Life on Which Depreciation in Income Statement is Computed	18 years
Medical Office Buildings | 6528, Providence MOB III
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	766
Buildings and Improvements	4,406
Costs Capitalized Subsequent to Acquisition	797
Gross Amount Carried at Close of Period
Land and Improvements	766
Buildings and Improvements	5,203
Total	5,969
Accumulated Depreciation	1,635
NBV	$ 4,334
Life on Which Depreciation in Income Statement is Computed	23 years
Medical Office Buildings | 6529, One Medical Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	210
Buildings and Improvements	7,939
Costs Capitalized Subsequent to Acquisition	1,152
Gross Amount Carried at Close of Period
Land and Improvements	214
Buildings and Improvements	9,087
Total	9,301
Accumulated Depreciation	3,422
NBV	$ 5,879
Life on Which Depreciation in Income Statement is Computed	19 years
Medical Office Buildings | 6530, Three Medical Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	40
Buildings and Improvements	10,650
Costs Capitalized Subsequent to Acquisition	1,411
Gross Amount Carried at Close of Period
Land and Improvements	40
Buildings and Improvements	12,061
Total	12,101
Accumulated Depreciation	3,840
NBV	$ 8,261
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 3070, St. Francis Millennium Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 14,707
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	13,062
Costs Capitalized Subsequent to Acquisition	10,618
Gross Amount Carried at Close of Period
Land and Improvements	30
Buildings and Improvements	23,650
Total	23,680
Accumulated Depreciation	9,808
NBV	$ 13,872
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6550, 200 Andrews
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	789
Buildings and Improvements	2,014
Costs Capitalized Subsequent to Acquisition	362
Gross Amount Carried at Close of Period
Land and Improvements	803
Buildings and Improvements	2,362
Total	3,165
Accumulated Depreciation	1,242
NBV	$ 1,923
Life on Which Depreciation in Income Statement is Computed	29 years
Medical Office Buildings | 6552, St. Francis CMOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	501
Buildings and Improvements	7,661
Costs Capitalized Subsequent to Acquisition	895
Gross Amount Carried at Close of Period
Land and Improvements	501
Buildings and Improvements	8,556
Total	9,057
Accumulated Depreciation	2,083
NBV	$ 6,974
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6553, St. Francis Outpatient Surgery Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,007
Buildings and Improvements	16,538
Costs Capitalized Subsequent to Acquisition	889
Gross Amount Carried at Close of Period
Land and Improvements	1,007
Buildings and Improvements	17,427
Total	18,434
Accumulated Depreciation	4,449
NBV	$ 13,985
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6554, St. Francis Professional Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	342
Buildings and Improvements	6,337
Costs Capitalized Subsequent to Acquisition	1,336
Gross Amount Carried at Close of Period
Land and Improvements	371
Buildings and Improvements	7,644
Total	8,015
Accumulated Depreciation	2,211
NBV	$ 5,804
Life on Which Depreciation in Income Statement is Computed	24 years
Medical Office Buildings | 6555, St. Francis Women's
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	322
Buildings and Improvements	4,877
Costs Capitalized Subsequent to Acquisition	611
Gross Amount Carried at Close of Period
Land and Improvements	322
Buildings and Improvements	5,488
Total	5,810
Accumulated Depreciation	2,186
NBV	$ 3,624
Life on Which Depreciation in Income Statement is Computed	24 years
Medical Office Buildings | 6556, St. Francis Medical Plaza (Greenville)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	88
Buildings and Improvements	5,876
Costs Capitalized Subsequent to Acquisition	1,028
Gross Amount Carried at Close of Period
Land and Improvements	98
Buildings and Improvements	6,894
Total	6,992
Accumulated Depreciation	1,995
NBV	$ 4,997
Life on Which Depreciation in Income Statement is Computed	24 years
Medical Office Buildings | 3072, Irmo Professional MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,726
Buildings and Improvements	5,414
Costs Capitalized Subsequent to Acquisition	258
Gross Amount Carried at Close of Period
Land and Improvements	1,726
Buildings and Improvements	5,672
Total	7,398
Accumulated Depreciation	1,945
NBV	$ 5,453
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6536, River Hills Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,406
Buildings and Improvements	1,813
Costs Capitalized Subsequent to Acquisition	187
Gross Amount Carried at Close of Period
Land and Improvements	1,406
Buildings and Improvements	2,000
Total	3,406
Accumulated Depreciation	736
NBV	$ 2,670
Life on Which Depreciation in Income Statement is Computed	27 years
Medical Office Buildings | 6542, Mount Pleasant Medical Office Longpoint
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	670
Buildings and Improvements	4,455
Costs Capitalized Subsequent to Acquisition	186
Gross Amount Carried at Close of Period
Land and Improvements	632
Buildings and Improvements	4,679
Total	5,311
Accumulated Depreciation	1,952
NBV	$ 3,359
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 6551, Mary Black Westside Medical Office Bldg
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	291
Buildings and Improvements	5,057
Costs Capitalized Subsequent to Acquisition	516
Gross Amount Carried at Close of Period
Land and Improvements	300
Buildings and Improvements	5,564
Total	5,864
Accumulated Depreciation	1,618
NBV	$ 4,246
Life on Which Depreciation in Income Statement is Computed	31 years
Medical Office Buildings | 7763, Spartanburg
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,333
Buildings and Improvements	15,756
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,333
Buildings and Improvements	15,756
Total	17,089
Accumulated Depreciation	1,521
NBV	$ 15,568
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7764, Spartanburg Regional MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	207
Buildings and Improvements	17,963
Costs Capitalized Subsequent to Acquisition	550
Gross Amount Carried at Close of Period
Land and Improvements	286
Buildings and Improvements	18,434
Total	18,720
Accumulated Depreciation	1,995
NBV	$ 16,725
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7783, Wellmont Blue Ridge MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	999
Buildings and Improvements	5,027
Costs Capitalized Subsequent to Acquisition	32
Gross Amount Carried at Close of Period
Land and Improvements	999
Buildings and Improvements	5,059
Total	6,058
Accumulated Depreciation	628
NBV	$ 5,430
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6570, Health Park Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 5,955
Initial Cost to Company
Land and Improvements	2,305
Buildings and Improvements	8,949
Costs Capitalized Subsequent to Acquisition	51
Gross Amount Carried at Close of Period
Land and Improvements	2,305
Buildings and Improvements	9,000
Total	11,305
Accumulated Depreciation	2,317
NBV	$ 8,988
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6571, Peerless Crossing Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,217
Buildings and Improvements	6,464
Costs Capitalized Subsequent to Acquisition	13
Gross Amount Carried at Close of Period
Land and Improvements	1,217
Buildings and Improvements	6,477
Total	7,694
Accumulated Depreciation	1,577
NBV	$ 6,117
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6104, St Mary's Clinton Professional Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	298
Buildings and Improvements	618
Costs Capitalized Subsequent to Acquisition	6
Gross Amount Carried at Close of Period
Land and Improvements	298
Buildings and Improvements	624
Total	922
Accumulated Depreciation	145
NBV	$ 777
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 6105, St Mary's Farragut MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	221
Buildings and Improvements	2,719
Costs Capitalized Subsequent to Acquisition	137
Gross Amount Carried at Close of Period
Land and Improvements	221
Buildings and Improvements	2,856
Total	3,077
Accumulated Depreciation	351
NBV	$ 2,726
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 6642, Medical Center Physicians Tower
Real Estate and Accumulated Depreciation
Encumbrances	$ 13,344
Initial Cost to Company
Land and Improvements	549
Buildings and Improvements	27,074
Costs Capitalized Subsequent to Acquisition	50
Gross Amount Carried at Close of Period
Land and Improvements	598
Buildings and Improvements	27,075
Total	27,673
Accumulated Depreciation	6,744
NBV	$ 20,929
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6100, St Mary's Physical Professional Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	138
Buildings and Improvements	3,144
Costs Capitalized Subsequent to Acquisition	129
Gross Amount Carried at Close of Period
Land and Improvements	138
Buildings and Improvements	3,273
Total	3,411
Accumulated Depreciation	509
NBV	$ 2,902
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 6101, St Mary's Magdalene Clarke Tower
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	69
Buildings and Improvements	4,153
Costs Capitalized Subsequent to Acquisition	11
Gross Amount Carried at Close of Period
Land and Improvements	69
Buildings and Improvements	4,164
Total	4,233
Accumulated Depreciation	583
NBV	$ 3,650
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 6102, St Mary's Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	136
Buildings and Improvements	359
Costs Capitalized Subsequent to Acquisition	31
Gross Amount Carried at Close of Period
Land and Improvements	136
Buildings and Improvements	390
Total	526
Accumulated Depreciation	124
NBV	$ 402
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 6110, St Mary's Ambulatory Surgery Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	129
Buildings and Improvements	1,012
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	129
Buildings and Improvements	1,012
Total	1,141
Accumulated Depreciation	221
NBV	$ 920
Life on Which Depreciation in Income Statement is Computed	24 years
Medical Office Buildings | 7738, Texas Clinic at Arlington
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,781
Buildings and Improvements	24,515
Costs Capitalized Subsequent to Acquisition	91
Gross Amount Carried at Close of Period
Land and Improvements	2,781
Buildings and Improvements	24,606
Total	27,387
Accumulated Depreciation	2,680
NBV	$ 24,707
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6020, Seton Medical Park Tower
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	805
Buildings and Improvements	41,527
Costs Capitalized Subsequent to Acquisition	2,803
Gross Amount Carried at Close of Period
Land and Improvements	1,329
Buildings and Improvements	43,806
Total	45,135
Accumulated Depreciation	8,799
NBV	$ 36,336
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6021, Seton Norhtwest Health Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	444
Buildings and Improvements	22,632
Costs Capitalized Subsequent to Acquisition	2,809
Gross Amount Carried at Close of Period
Land and Improvements	444
Buildings and Improvements	25,441
Total	25,885
Accumulated Depreciation	5,188
NBV	$ 20,697
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6030, Seton Southwest Health Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	294
Buildings and Improvements	5,311
Costs Capitalized Subsequent to Acquisition	241
Gross Amount Carried at Close of Period
Land and Improvements	294
Buildings and Improvements	5,552
Total	5,846
Accumulated Depreciation	1,133
NBV	$ 4,713
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6031, Seton Southwest Health Plaza II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	447
Buildings and Improvements	10,154
Costs Capitalized Subsequent to Acquisition	84
Gross Amount Carried at Close of Period
Land and Improvements	447
Buildings and Improvements	10,238
Total	10,685
Accumulated Depreciation	2,124
NBV	$ 8,561
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7735, BioLife Sciences Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,036
Buildings and Improvements	6,576
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,036
Buildings and Improvements	6,576
Total	7,612
Accumulated Depreciation	817
NBV	$ 6,795
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3074, East Houston MOB, LLC
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	356
Buildings and Improvements	2,877
Costs Capitalized Subsequent to Acquisition	702
Gross Amount Carried at Close of Period
Land and Improvements	328
Buildings and Improvements	3,607
Total	3,935
Accumulated Depreciation	2,084
NBV	$ 1,851
Life on Which Depreciation in Income Statement is Computed	15 years
Medical Office Buildings | 3075, East Houston Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	671
Buildings and Improvements	426
Costs Capitalized Subsequent to Acquisition	535
Gross Amount Carried at Close of Period
Land and Improvements	671
Buildings and Improvements	961
Total	1,632
Accumulated Depreciation	847
NBV	$ 785
Life on Which Depreciation in Income Statement is Computed	11 years
Medical Office Buildings | 7732, Memorial Hermann
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	822
Buildings and Improvements	14,307
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	822
Buildings and Improvements	14,307
Total	15,129
Accumulated Depreciation	1,451
NBV	$ 13,678
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7731, Scott White Healthcare
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	534
Buildings and Improvements	5,104
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	534
Buildings and Improvements	5,104
Total	5,638
Accumulated Depreciation	593
NBV	$ 5,045
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7730, Odessa Regional MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	121
Buildings and Improvements	8,935
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	121
Buildings and Improvements	8,935
Total	9,056
Accumulated Depreciation	942
NBV	$ 8,114
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7734, Legacy Heart Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,081
Buildings and Improvements	8,890
Costs Capitalized Subsequent to Acquisition	8
Gross Amount Carried at Close of Period
Land and Improvements	3,081
Buildings and Improvements	8,898
Total	11,979
Accumulated Depreciation	1,148
NBV	$ 10,831
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6380, Seton Williamson Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	15,074
Costs Capitalized Subsequent to Acquisition	586
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	15,660
Total	15,660
Accumulated Depreciation	4,849
NBV	$ 10,811
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7737, Sunnyvale Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,186
Buildings and Improvements	15,397
Costs Capitalized Subsequent to Acquisition	397
Gross Amount Carried at Close of Period
Land and Improvements	1,215
Buildings and Improvements	15,765
Total	16,980
Accumulated Depreciation	1,834
NBV	$ 15,146
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7733, Texarkana ASC
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	814
Buildings and Improvements	5,903
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	814
Buildings and Improvements	5,903
Total	6,717
Accumulated Depreciation	785
NBV	$ 5,932
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings | 7736, Spring Creek Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,165
Buildings and Improvements	8,212
Costs Capitalized Subsequent to Acquisition	16
Gross Amount Carried at Close of Period
Land and Improvements	2,165
Buildings and Improvements	8,228
Total	10,393
Accumulated Depreciation	888
NBV	$ 9,505
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6650, 251 Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,158
Buildings and Improvements	12,078
Costs Capitalized Subsequent to Acquisition	(3,777)
Gross Amount Carried at Close of Period
Land and Improvements	1,163
Buildings and Improvements	8,296
Total	9,459
Accumulated Depreciation	2,616
NBV	$ 6,843
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6651, 253 Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,181
Buildings and Improvements	11,862
Costs Capitalized Subsequent to Acquisition	(3,820)
Gross Amount Carried at Close of Period
Land and Improvements	1,181
Buildings and Improvements	8,042
Total	9,223
Accumulated Depreciation	2,460
NBV	$ 6,763
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6520, MRMC MOB I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,669
Buildings and Improvements	7,024
Costs Capitalized Subsequent to Acquisition	433
Gross Amount Carried at Close of Period
Land and Improvements	1,669
Buildings and Improvements	7,457
Total	9,126
Accumulated Depreciation	2,694
NBV	$ 6,432
Life on Which Depreciation in Income Statement is Computed	31 years
Medical Office Buildings | 3079, Henrico MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	968
Buildings and Improvements	6,189
Costs Capitalized Subsequent to Acquisition	1,209
Gross Amount Carried at Close of Period
Land and Improvements	968
Buildings and Improvements	7,398
Total	8,366
Accumulated Depreciation	2,677
NBV	$ 5,689
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | 6521, St. Mary's MOB North (Floors 6 & 7)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	227
Buildings and Improvements	2,961
Costs Capitalized Subsequent to Acquisition	633
Gross Amount Carried at Close of Period
Land and Improvements	227
Buildings and Improvements	3,594
Total	3,821
Accumulated Depreciation	1,257
NBV	$ 2,564
Life on Which Depreciation in Income Statement is Computed	22 years
Medical Office Buildings | 7765, Virginia Urology Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,822
Buildings and Improvements	16,127
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,822
Buildings and Improvements	16,127
Total	19,949
Accumulated Depreciation	1,899
NBV	$ 18,050
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7766, St Frances Cancer Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	654
Buildings and Improvements	18,331
Costs Capitalized Subsequent to Acquisition	23
Gross Amount Carried at Close of Period
Land and Improvements	657
Buildings and Improvements	18,351
Total	19,008
Accumulated Depreciation	1,956
NBV	$ 17,052
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6640, Bonney Lake Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 10,203
Initial Cost to Company
Land and Improvements	5,176
Buildings and Improvements	14,375
Costs Capitalized Subsequent to Acquisition	165
Gross Amount Carried at Close of Period
Land and Improvements	5,176
Buildings and Improvements	14,540
Total	19,716
Accumulated Depreciation	3,820
NBV	$ 15,896
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6641, Good Samaritan Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 13,220
Initial Cost to Company
Land and Improvements	781
Buildings and Improvements	30,368
Costs Capitalized Subsequent to Acquisition	692
Gross Amount Carried at Close of Period
Land and Improvements	801
Buildings and Improvements	31,040
Total	31,841
Accumulated Depreciation	6,620
NBV	$ 25,221
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 2957, Holy Family Hospital Central MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	19,085
Costs Capitalized Subsequent to Acquisition	260
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	19,345
Total	19,345
Accumulated Depreciation	3,181
NBV	$ 16,164
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3040, Physician's Pavilion
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,411
Buildings and Improvements	32,939
Costs Capitalized Subsequent to Acquisition	957
Gross Amount Carried at Close of Period
Land and Improvements	1,431
Buildings and Improvements	33,876
Total	35,307
Accumulated Depreciation	8,662
NBV	$ 26,645
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3041, Administration Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	296
Buildings and Improvements	7,856
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	296
Buildings and Improvements	7,856
Total	8,152
Accumulated Depreciation	2,013
NBV	$ 6,139
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3042, Medical Center Physician's Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,225
Buildings and Improvements	31,246
Costs Capitalized Subsequent to Acquisition	2,791
Gross Amount Carried at Close of Period
Land and Improvements	1,251
Buildings and Improvements	34,011
Total	35,262
Accumulated Depreciation	8,191
NBV	$ 27,071
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3043, Memorial MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	663
Buildings and Improvements	12,626
Costs Capitalized Subsequent to Acquisition	750
Gross Amount Carried at Close of Period
Land and Improvements	690
Buildings and Improvements	13,349
Total	14,039
Accumulated Depreciation	3,307
NBV	$ 10,732
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3044, Salmon Creek MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,325
Buildings and Improvements	9,238
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,325
Buildings and Improvements	9,238
Total	10,563
Accumulated Depreciation	2,340
NBV	$ 8,223
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3045, Fisher's Landing MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,590
Buildings and Improvements	5,420
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,590
Buildings and Improvements	5,420
Total	7,010
Accumulated Depreciation	1,654
NBV	$ 5,356
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 3047, Columbia Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	281
Buildings and Improvements	5,266
Costs Capitalized Subsequent to Acquisition	323
Gross Amount Carried at Close of Period
Land and Improvements	331
Buildings and Improvements	5,539
Total	5,870
Accumulated Depreciation	1,465
NBV	$ 4,405
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6460, Appleton Heart Institute
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	7,775
Costs Capitalized Subsequent to Acquisition	31
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	7,806
Total	7,806
Accumulated Depreciation	2,126
NBV	$ 5,680
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 6461, Appleton Medical Offices West
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	5,756
Costs Capitalized Subsequent to Acquisition	85
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	5,841
Total	5,841
Accumulated Depreciation	1,602
NBV	$ 4,239
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 6462, Appleton Medical Offices South
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	9,058
Costs Capitalized Subsequent to Acquisition	185
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	9,243
Total	9,243
Accumulated Depreciation	2,671
NBV	$ 6,572
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 3030, Brookfield Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,638
Buildings and Improvements	4,093
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,638
Buildings and Improvements	4,093
Total	6,731
Accumulated Depreciation	1,295
NBV	$ 5,436
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7793, Lakeshore Medical Clinic-Franklin
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,973
Buildings and Improvements	7,579
Costs Capitalized Subsequent to Acquisition	65
Gross Amount Carried at Close of Period
Land and Improvements	2,029
Buildings and Improvements	7,588
Total	9,617
Accumulated Depreciation	940
NBV	$ 8,677
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | 7792, Lakeshore Medical Clinic-Greenfield
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,223
Buildings and Improvements	13,387
Costs Capitalized Subsequent to Acquisition	10
Gross Amount Carried at Close of Period
Land and Improvements	1,223
Buildings and Improvements	13,397
Total	14,620
Accumulated Depreciation	1,373
NBV	$ 13,247
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7786, Aurora Health Care-Hartford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,706
Buildings and Improvements	22,019
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,706
Buildings and Improvements	22,019
Total	25,725
Accumulated Depreciation	2,546
NBV	$ 23,179
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3031, Hartland Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	321
Buildings and Improvements	5,050
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	321
Buildings and Improvements	5,050
Total	5,371
Accumulated Depreciation	1,361
NBV	$ 4,010
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7788, Aurora Healthcare-Kenosha
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7,546
Buildings and Improvements	19,155
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,546
Buildings and Improvements	19,155
Total	26,701
Accumulated Depreciation	2,263
NBV	$ 24,438
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7784, Univ of Wisconsin Health
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	678
Buildings and Improvements	8,017
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	678
Buildings and Improvements	8,017
Total	8,695
Accumulated Depreciation	1,011
NBV	$ 7,684
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 6463, Theda Clark Medical Center Office Pavilion
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	7,080
Costs Capitalized Subsequent to Acquisition	747
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	7,827
Total	7,827
Accumulated Depreciation	2,008
NBV	$ 5,819
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 6464, Aylward Medical Building Condo Floors 3 & 4
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	4,462
Costs Capitalized Subsequent to Acquisition	95
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	4,557
Total	4,557
Accumulated Depreciation	1,330
NBV	$ 3,227
Life on Which Depreciation in Income Statement is Computed	39 years
Medical Office Buildings | 7787, Aurora Health Care-Neenah
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,033
Buildings and Improvements	9,072
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,033
Buildings and Improvements	9,072
Total	11,105
Accumulated Depreciation	1,126
NBV	$ 9,979
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3032, New Berlin Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	678
Buildings and Improvements	7,121
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	678
Buildings and Improvements	7,121
Total	7,799
Accumulated Depreciation	2,062
NBV	$ 5,737
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7790, United Healthcare-Onalaska
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,623
Buildings and Improvements	5,527
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,623
Buildings and Improvements	5,527
Total	10,150
Accumulated Depreciation	891
NBV	$ 9,259
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3036, WestWood Health & Fitness
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	823
Buildings and Improvements	11,649
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	823
Buildings and Improvements	11,649
Total	12,472
Accumulated Depreciation	3,403
NBV	$ 9,069
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7785, Aurora Health Care-Two Rivers
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,638
Buildings and Improvements	25,308
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,638
Buildings and Improvements	25,308
Total	30,946
Accumulated Depreciation	2,950
NBV	$ 27,996
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3033, Watertown Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	166
Buildings and Improvements	3,234
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	166
Buildings and Improvements	3,234
Total	3,400
Accumulated Depreciation	841
NBV	$ 2,559
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3034, Southside Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	218
Buildings and Improvements	5,273
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	218
Buildings and Improvements	5,273
Total	5,491
Accumulated Depreciation	1,389
NBV	$ 4,102
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 3035, Rehabilitation Hospital
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	372
Buildings and Improvements	15,636
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	372
Buildings and Improvements	15,636
Total	16,008
Accumulated Depreciation	3,608
NBV	$ 12,400
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | 7791, United Healthcare-Wauwatosa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,012
Buildings and Improvements	15,992
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	8,012
Buildings and Improvements	15,992
Total	24,004
Accumulated Depreciation	2,284
NBV	$ 21,720
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | BSG CS LLC
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,060
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	(134)
Gross Amount Carried at Close of Period
Land and Improvements	926
Buildings and Improvements	0
Total	926
Accumulated Depreciation	0
NBV	926
Medical Office Buildings | St. Vincent's Medical Center East 46
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	25,298
Costs Capitalized Subsequent to Acquisition	4,061
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	29,359
Total	29,359
Accumulated Depreciation	8,989
NBV	$ 20,370
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | St. Vincent's Medical Center East 48
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	12,698
Costs Capitalized Subsequent to Acquisition	509
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	13,207
Total	13,207
Accumulated Depreciation	3,641
NBV	$ 9,566
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | St. Vincent's Medical Center East 52
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	7,608
Costs Capitalized Subsequent to Acquisition	1,461
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	9,069
Total	9,069
Accumulated Depreciation	3,071
NBV	$ 5,998
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Crestwood Medical Pavilion
Real Estate and Accumulated Depreciation
Encumbrances	$ 3,226
Initial Cost to Company
Land and Improvements	625
Buildings and Improvements	16,178
Costs Capitalized Subsequent to Acquisition	159
Gross Amount Carried at Close of Period
Land and Improvements	625
Buildings and Improvements	16,337
Total	16,962
Accumulated Depreciation	3,804
NBV	$ 13,158
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Davita Dialysis, Marked Tree, 7710
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	179
Buildings and Improvements	1,580
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	179
Buildings and Improvements	1,580
Total	1,759
Accumulated Depreciation	190
NBV	$ 1,569
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | West Valley Medical Center, 7712
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,348
Buildings and Improvements	5,233
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,348
Buildings and Improvements	5,233
Total	8,581
Accumulated Depreciation	775
NBV	$ 7,806
Life on Which Depreciation in Income Statement is Computed	31 years
Medical Office Buildings | Canyon Springs Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	27,497
Costs Capitalized Subsequent to Acquisition	532
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	28,029
Total	28,029
Accumulated Depreciation	5,939
NBV	$ 22,090
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Mercy Gilbert Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 7,330
Initial Cost to Company
Land and Improvements	720
Buildings and Improvements	11,277
Costs Capitalized Subsequent to Acquisition	1,068
Gross Amount Carried at Close of Period
Land and Improvements	720
Buildings and Improvements	12,345
Total	13,065
Accumulated Depreciation	3,281
NBV	$ 9,784
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Thunderbird Paseo Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	12,904
Costs Capitalized Subsequent to Acquisition	871
Gross Amount Carried at Close of Period
Land and Improvements	20
Buildings and Improvements	13,755
Total	13,775
Accumulated Depreciation	2,927
NBV	$ 10,848
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Thunderbird Paseo Medical Plaza II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	8,100
Costs Capitalized Subsequent to Acquisition	516
Gross Amount Carried at Close of Period
Land and Improvements	20
Buildings and Improvements	8,596
Total	8,616
Accumulated Depreciation	1,972
NBV	$ 6,644
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Desert Medical Pavilion
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	32,768
Costs Capitalized Subsequent to Acquisition	501
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	33,269
Total	33,269
Accumulated Depreciation	4,933
NBV	$ 28,336
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Desert Samaritan Medical Building I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	11,923
Costs Capitalized Subsequent to Acquisition	677
Gross Amount Carried at Close of Period
Land and Improvements	4
Buildings and Improvements	12,596
Total	12,600
Accumulated Depreciation	2,630
NBV	$ 9,970
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Desert Samaritan Medical Building II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	7,395
Costs Capitalized Subsequent to Acquisition	405
Gross Amount Carried at Close of Period
Land and Improvements	4
Buildings and Improvements	7,796
Total	7,800
Accumulated Depreciation	1,800
NBV	$ 6,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Desert Samaritan Medical Building III
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	13,665
Costs Capitalized Subsequent to Acquisition	1,203
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	14,868
Total	14,868
Accumulated Depreciation	3,219
NBV	$ 11,649
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Deer Valley Medical Office Building II 6703
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	22,663
Costs Capitalized Subsequent to Acquisition	626
Gross Amount Carried at Close of Period
Land and Improvements	14
Buildings and Improvements	23,275
Total	23,289
Accumulated Depreciation	4,866
NBV	$ 18,423
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | DePaul Health Center North, 6040
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	996
Buildings and Improvements	10,045
Costs Capitalized Subsequent to Acquisition	2,189
Gross Amount Carried at Close of Period
Land and Improvements	996
Buildings and Improvements	12,234
Total	13,230
Accumulated Depreciation	4,310
NBV	$ 8,920
Life on Which Depreciation in Income Statement is Computed	21 years
Medical Office Buildings | DePaul Health Center South, 6041
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	910
Buildings and Improvements	12,169
Costs Capitalized Subsequent to Acquisition	1,403
Gross Amount Carried at Close of Period
Land and Improvements	910
Buildings and Improvements	13,572
Total	14,482
Accumulated Depreciation	3,757
NBV	$ 10,725
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings | Saint Marys Health Center Medical Office Building D, 6044
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	103
Buildings and Improvements	2,780
Costs Capitalized Subsequent to Acquisition	925
Gross Amount Carried at Close of Period
Land and Improvements	103
Buildings and Improvements	3,705
Total	3,808
Accumulated Depreciation	1,415
NBV	$ 2,393
Life on Which Depreciation in Income Statement is Computed	22 years
Medical Office Buildings | Fenton Urgent Care Center, 2987
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	183
Buildings and Improvements	2,714
Costs Capitalized Subsequent to Acquisition	364
Gross Amount Carried at Close of Period
Land and Improvements	189
Buildings and Improvements	3,072
Total	3,261
Accumulated Depreciation	1,091
NBV	$ 2,170
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Saint Joseph Medical Building, 6010
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	305
Buildings and Improvements	7,445
Costs Capitalized Subsequent to Acquisition	2,286
Gross Amount Carried at Close of Period
Land and Improvements	305
Buildings and Improvements	9,731
Total	10,036
Accumulated Depreciation	2,005
NBV	$ 8,031
Life on Which Depreciation in Income Statement is Computed	32 years
Medical Office Buildings | Saint Joseph Medical Mall, 6011
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	530
Buildings and Improvements	9,115
Costs Capitalized Subsequent to Acquisition	608
Gross Amount Carried at Close of Period
Land and Improvements	530
Buildings and Improvements	9,723
Total	10,253
Accumulated Depreciation	2,327
NBV	$ 7,926
Life on Which Depreciation in Income Statement is Computed	33 years
Medical Office Buildings | Carondelet Medical Building, 6012
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	745
Buildings and Improvements	12,437
Costs Capitalized Subsequent to Acquisition	1,800
Gross Amount Carried at Close of Period
Land and Improvements	745
Buildings and Improvements	14,237
Total	14,982
Accumulated Depreciation	3,698
NBV	$ 11,284
Life on Which Depreciation in Income Statement is Computed	29 years
Medical Office Buildings | Saint Joseph Hospital West Medical Office Building 2, 6045
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	524
Buildings and Improvements	3,229
Costs Capitalized Subsequent to Acquisition	779
Gross Amount Carried at Close of Period
Land and Improvements	524
Buildings and Improvements	4,008
Total	4,532
Accumulated Depreciation	1,046
NBV	$ 3,486
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Saint Joseph O'Fallon Medical Office Building, 6048
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	940
Buildings and Improvements	5,556
Costs Capitalized Subsequent to Acquisition	114
Gross Amount Carried at Close of Period
Land and Improvements	960
Buildings and Improvements	5,650
Total	6,610
Accumulated Depreciation	1,336
NBV	$ 5,274
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Sisters of Mercy Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,427
Buildings and Improvements	8,697
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,427
Buildings and Improvements	8,697
Total	12,124
Accumulated Depreciation	1,113
NBV	$ 11,011
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Saint Joseph Health Center Medical Building 1, 6046
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	503
Buildings and Improvements	4,336
Costs Capitalized Subsequent to Acquisition	1,220
Gross Amount Carried at Close of Period
Land and Improvements	503
Buildings and Improvements	5,556
Total	6,059
Accumulated Depreciation	2,010
NBV	$ 4,049
Life on Which Depreciation in Income Statement is Computed	20 years
Medical Office Buildings | Saint Joseph Health Center Medical Building 2, 6047
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	369
Buildings and Improvements	2,963
Costs Capitalized Subsequent to Acquisition	1,256
Gross Amount Carried at Close of Period
Land and Improvements	369
Buildings and Improvements	4,219
Total	4,588
Accumulated Depreciation	1,111
NBV	$ 3,477
Life on Which Depreciation in Income Statement is Computed	32 years
Medical Office Buildings | Physicians Office Center, 2982
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,445
Buildings and Improvements	13,825
Costs Capitalized Subsequent to Acquisition	858
Gross Amount Carried at Close of Period
Land and Improvements	1,445
Buildings and Improvements	14,683
Total	16,128
Accumulated Depreciation	5,147
NBV	$ 10,981
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Southford Road Medical Plaza 12700, 2983
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	595
Buildings and Improvements	12,584
Costs Capitalized Subsequent to Acquisition	1,607
Gross Amount Carried at Close of Period
Land and Improvements	595
Buildings and Improvements	14,191
Total	14,786
Accumulated Depreciation	4,800
NBV	$ 9,986
Life on Which Depreciation in Income Statement is Computed	32 years
Medical Office Buildings | Saint Anthonys Mob A2984
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	409
Buildings and Improvements	4,687
Costs Capitalized Subsequent to Acquisition	1,369
Gross Amount Carried at Close of Period
Land and Improvements	409
Buildings and Improvements	6,056
Total	6,465
Accumulated Depreciation	2,447
NBV	$ 4,018
Life on Which Depreciation in Income Statement is Computed	20 years
Medical Office Buildings | St Anthony's MOB B, 2985
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	350
Buildings and Improvements	3,942
Costs Capitalized Subsequent to Acquisition	923
Gross Amount Carried at Close of Period
Land and Improvements	350
Buildings and Improvements	4,865
Total	5,215
Accumulated Depreciation	2,159
NBV	$ 3,056
Life on Which Depreciation in Income Statement is Computed	21 years
Medical Office Buildings | Lemay Urgent Care Center, 2988
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,317
Buildings and Improvements	3,120
Costs Capitalized Subsequent to Acquisition	635
Gross Amount Carried at Close of Period
Land and Improvements	2,351
Buildings and Improvements	3,721
Total	6,072
Accumulated Depreciation	1,820
NBV	$ 4,252
Life on Which Depreciation in Income Statement is Computed	22 years
Medical Office Buildings | Saint Marys Health Center Medical Office Building B, 6042
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	119
Buildings and Improvements	4,161
Costs Capitalized Subsequent to Acquisition	11,075
Gross Amount Carried at Close of Period
Land and Improvements	119
Buildings and Improvements	15,236
Total	15,355
Accumulated Depreciation	1,654
NBV	$ 13,701
Life on Which Depreciation in Income Statement is Computed	23 years
Medical Office Buildings | Saint Marys Health Center Medical Office Building C, 6043
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	136
Buildings and Improvements	6,018
Costs Capitalized Subsequent to Acquisition	992
Gross Amount Carried at Close of Period
Land and Improvements	136
Buildings and Improvements	7,010
Total	7,146
Accumulated Depreciation	2,127
NBV	$ 5,019
Life on Which Depreciation in Income Statement is Computed	20 years
Medical Office Buildings | University Physicians Grants Ferry, 6580
Real Estate and Accumulated Depreciation
Encumbrances	$ 8,815
Initial Cost to Company
Land and Improvements	2,796
Buildings and Improvements	12,125
Costs Capitalized Subsequent to Acquisition	(12)
Gross Amount Carried at Close of Period
Land and Improvements	2,796
Buildings and Improvements	12,113
Total	14,909
Accumulated Depreciation	2,947
NBV	$ 11,962
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Randolph, 6484
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,370
Buildings and Improvements	2,929
Costs Capitalized Subsequent to Acquisition	1,893
Gross Amount Carried at Close of Period
Land and Improvements	6,418
Buildings and Improvements	4,774
Total	11,192
Accumulated Depreciation	3,434
NBV	$ 7,758
Life on Which Depreciation in Income Statement is Computed	4 years
Medical Office Buildings | Mallard Crossing 1, 6486
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,229
Buildings and Improvements	2,072
Costs Capitalized Subsequent to Acquisition	673
Gross Amount Carried at Close of Period
Land and Improvements	3,269
Buildings and Improvements	2,705
Total	5,974
Accumulated Depreciation	1,703
NBV	$ 4,271
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | Medical Arts Building, 6500
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	701
Buildings and Improvements	11,734
Costs Capitalized Subsequent to Acquisition	1,051
Gross Amount Carried at Close of Period
Land and Improvements	701
Buildings and Improvements	12,785
Total	13,486
Accumulated Depreciation	3,924
NBV	$ 9,562
Life on Which Depreciation in Income Statement is Computed	31 years
Medical Office Buildings | Gateway Medical Office Building, 6501
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,100
Buildings and Improvements	9,904
Costs Capitalized Subsequent to Acquisition	629
Gross Amount Carried at Close of Period
Land and Improvements	1,100
Buildings and Improvements	10,533
Total	11,633
Accumulated Depreciation	3,220
NBV	$ 8,413
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Copperfield Medical Mall, 6505
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,980
Buildings and Improvements	2,846
Costs Capitalized Subsequent to Acquisition	451
Gross Amount Carried at Close of Period
Land and Improvements	2,139
Buildings and Improvements	3,138
Total	5,277
Accumulated Depreciation	1,398
NBV	$ 3,879
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | Weddington Internal and Pediatric Medicine, 6506
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	574
Buildings and Improvements	688
Costs Capitalized Subsequent to Acquisition	30
Gross Amount Carried at Close of Period
Land and Improvements	574
Buildings and Improvements	718
Total	1,292
Accumulated Depreciation	299
NBV	$ 993
Life on Which Depreciation in Income Statement is Computed	27 years
Medical Office Buildings | Rex Wellness Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,348
Buildings and Improvements	5,330
Costs Capitalized Subsequent to Acquisition	40
Gross Amount Carried at Close of Period
Land and Improvements	1,354
Buildings and Improvements	5,364
Total	6,718
Accumulated Depreciation	799
NBV	$ 5,919
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings | Gaston Professional Center, 6490
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	833
Buildings and Improvements	24,885
Costs Capitalized Subsequent to Acquisition	2,384
Gross Amount Carried at Close of Period
Land and Improvements	833
Buildings and Improvements	27,269
Total	28,102
Accumulated Depreciation	5,947
NBV	$ 22,155
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Harrisburg Family Physicians, 6502
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	679
Buildings and Improvements	1,646
Costs Capitalized Subsequent to Acquisition	48
Gross Amount Carried at Close of Period
Land and Improvements	679
Buildings and Improvements	1,694
Total	2,373
Accumulated Depreciation	448
NBV	$ 1,925
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Harrisburg Medical Mall, 6503
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,339
Buildings and Improvements	2,292
Costs Capitalized Subsequent to Acquisition	246
Gross Amount Carried at Close of Period
Land and Improvements	1,339
Buildings and Improvements	2,538
Total	3,877
Accumulated Depreciation	1,010
NBV	$ 2,867
Life on Which Depreciation in Income Statement is Computed	27 years
Medical Office Buildings | REX Knightdale MOB & Wellness Center, 2958
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	22,823
Costs Capitalized Subsequent to Acquisition	486
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	23,309
Total	23,309
Accumulated Depreciation	3,690
NBV	$ 19,619
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Midland Meical Park, 6504
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,221
Buildings and Improvements	847
Costs Capitalized Subsequent to Acquisition	120
Gross Amount Carried at Close of Period
Land and Improvements	1,221
Buildings and Improvements	967
Total	2,188
Accumulated Depreciation	505
NBV	$ 1,683
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings | East Rocky Mount Kidney Center, 6512
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	803
Buildings and Improvements	998
Costs Capitalized Subsequent to Acquisition	(2)
Gross Amount Carried at Close of Period
Land and Improvements	803
Buildings and Improvements	996
Total	1,799
Accumulated Depreciation	370
NBV	$ 1,429
Life on Which Depreciation in Income Statement is Computed	33 years
Medical Office Buildings | Northcross
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	623
Buildings and Improvements	278
Costs Capitalized Subsequent to Acquisition	73
Gross Amount Carried at Close of Period
Land and Improvements	623
Buildings and Improvements	351
Total	974
Accumulated Depreciation	228
NBV	$ 746
Life on Which Depreciation in Income Statement is Computed	22 years
Medical Office Buildings | Deer Valley Medical Office Building III 6704
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	19,521
Costs Capitalized Subsequent to Acquisition	287
Gross Amount Carried at Close of Period
Land and Improvements	12
Buildings and Improvements	19,796
Total	19,808
Accumulated Depreciation	4,239
NBV	$ 15,569
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings | Carson Tahoe MOB West
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,862
Buildings and Improvements	27,519
Costs Capitalized Subsequent to Acquisition	249
Gross Amount Carried at Close of Period
Land and Improvements	2,877
Buildings and Improvements	27,753
Total	30,630
Accumulated Depreciation	3,821
NBV	$ 26,809
Life on Which Depreciation in Income Statement is Computed	29 years
Medical Office Buildings | Heart Center Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,063
Buildings and Improvements	12,140
Costs Capitalized Subsequent to Acquisition	280
Gross Amount Carried at Close of Period
Land and Improvements	1,063
Buildings and Improvements	12,420
Total	13,483
Accumulated Depreciation	3,377
NBV	$ 10,106
Life on Which Depreciation in Income Statement is Computed	35 years
Life Sciences Office Buildings
Real Estate and Accumulated Depreciation
Encumbrances	$ 14,999
Initial Cost to Company
Land and Improvements	82,724
Buildings and Improvements	1,663,706
Costs Capitalized Subsequent to Acquisition	62,359
Gross Amount Carried at Close of Period
Land and Improvements	84,644
Buildings and Improvements	1,724,145
Total	1,808,789
Accumulated Depreciation	47,029
NBV	1,761,760
Life Sciences Office Buildings | 6750, 100 College Street
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	2,706
Buildings and Improvements	186,570
Costs Capitalized Subsequent to Acquisition	5,985
Gross Amount Carried at Close of Period
Land and Improvements	2,706
Buildings and Improvements	192,555
Total	195,261
Accumulated Depreciation	5,311
NBV	$ 189,950
Life on Which Depreciation in Income Statement is Computed	59 years
Life Sciences Office Buildings | 6751, 300 George Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,262
Buildings and Improvements	122,144
Costs Capitalized Subsequent to Acquisition	3,972
Gross Amount Carried at Close of Period
Land and Improvements	2,262
Buildings and Improvements	126,116
Total	128,378
Accumulated Depreciation	3,805
NBV	$ 124,573
Life on Which Depreciation in Income Statement is Computed	50 years
Life Sciences Office Buildings | 6769, Univ. of Miami Life Science and Technology Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,249
Buildings and Improvements	87,019
Costs Capitalized Subsequent to Acquisition	4,603
Gross Amount Carried at Close of Period
Land and Improvements	2,249
Buildings and Improvements	91,622
Total	93,871
Accumulated Depreciation	3,204
NBV	$ 90,667
Life on Which Depreciation in Income Statement is Computed	53 years
Life Sciences Office Buildings | 6768, IIT
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	30
Buildings and Improvements	55,620
Costs Capitalized Subsequent to Acquisition	67
Gross Amount Carried at Close of Period
Land and Improvements	30
Buildings and Improvements	55,687
Total	55,717
Accumulated Depreciation	1,784
NBV	$ 53,933
Life on Which Depreciation in Income Statement is Computed	46 years
Life Sciences Office Buildings | 6755, University of Maryland BioPark I Unit
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	113
Buildings and Improvements	25,199
Costs Capitalized Subsequent to Acquisition	789
Gross Amount Carried at Close of Period
Land and Improvements	113
Buildings and Improvements	25,988
Total	26,101
Accumulated Depreciation	813
NBV	$ 25,288
Life on Which Depreciation in Income Statement is Computed	50 years
Life Sciences Office Buildings | 6756, University of Maryland BioPark II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	61
Buildings and Improvements	91,764
Costs Capitalized Subsequent to Acquisition	3,243
Gross Amount Carried at Close of Period
Land and Improvements	61
Buildings and Improvements	95,007
Total	95,068
Accumulated Depreciation	3,446
NBV	$ 91,622
Life on Which Depreciation in Income Statement is Computed	50 years
Life Sciences Office Buildings | 6757, University of Maryland BioPark Garage
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	77
Buildings and Improvements	4,677
Costs Capitalized Subsequent to Acquisition	345
Gross Amount Carried at Close of Period
Land and Improvements	77
Buildings and Improvements	5,022
Total	5,099
Accumulated Depreciation	267
NBV	$ 4,832
Life on Which Depreciation in Income Statement is Computed	29 years
Life Sciences Office Buildings | 6758, Tributary Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,015
Buildings and Improvements	15,905
Costs Capitalized Subsequent to Acquisition	597
Gross Amount Carried at Close of Period
Land and Improvements	4,015
Buildings and Improvements	16,502
Total	20,517
Accumulated Depreciation	770
NBV	$ 19,747
Life on Which Depreciation in Income Statement is Computed	45 years
Life Sciences Office Buildings | 6759, Beckley Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,813
Buildings and Improvements	13,481
Costs Capitalized Subsequent to Acquisition	574
Gross Amount Carried at Close of Period
Land and Improvements	2,813
Buildings and Improvements	14,055
Total	16,868
Accumulated Depreciation	675
NBV	$ 16,193
Life on Which Depreciation in Income Statement is Computed	45 years
Life Sciences Office Buildings | 6776, 873 West Baltimore Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	980
Buildings and Improvements	34
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	980
Buildings and Improvements	34
Total	1,014
Accumulated Depreciation	0
NBV	1,014
Life Sciences Office Buildings | 6765, Heritage at 4240
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	403
Buildings and Improvements	47,125
Costs Capitalized Subsequent to Acquisition	325
Gross Amount Carried at Close of Period
Land and Improvements	452
Buildings and Improvements	47,401
Total	47,853
Accumulated Depreciation	2,104
NBV	$ 45,749
Life on Which Depreciation in Income Statement is Computed	45 years
Life Sciences Office Buildings | 6766, Cortex 1
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	631
Buildings and Improvements	26,543
Costs Capitalized Subsequent to Acquisition	1,094
Gross Amount Carried at Close of Period
Land and Improvements	631
Buildings and Improvements	27,637
Total	28,268
Accumulated Depreciation	1,301
NBV	$ 26,967
Life on Which Depreciation in Income Statement is Computed	50 years
Life Sciences Office Buildings | 6767, BRDG Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	606
Buildings and Improvements	37,083
Costs Capitalized Subsequent to Acquisition	1,580
Gross Amount Carried at Close of Period
Land and Improvements	606
Buildings and Improvements	38,663
Total	39,269
Accumulated Depreciation	1,208
NBV	$ 38,061
Life on Which Depreciation in Income Statement is Computed	52 years
Life Sciences Office Buildings | 4220 Duncan Avenue
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	14,921
Gross Amount Carried at Close of Period
Land and Improvements	1,871
Buildings and Improvements	13,050
Total	14,921
Accumulated Depreciation	0
NBV	14,921
Life Sciences Office Buildings | 6775, 311 South Sarah Street
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	7,567
Buildings and Improvements	(1,775)
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,567
Buildings and Improvements	(1,775)
Total	5,792
Accumulated Depreciation	6
NBV	5,786
Life Sciences Office Buildings | 4300 Duncan
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	2,818
Buildings and Improvements	46,749
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,818
Buildings and Improvements	46,749
Total	49,567
Accumulated Depreciation	130
NBV	$ 49,437
Life on Which Depreciation in Income Statement is Computed	35 years
Life Sciences Office Buildings | 6764, Weston Parkway
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,372
Buildings and Improvements	6,535
Costs Capitalized Subsequent to Acquisition	1,018
Gross Amount Carried at Close of Period
Land and Improvements	1,372
Buildings and Improvements	7,553
Total	8,925
Accumulated Depreciation	285
NBV	$ 8,640
Life on Which Depreciation in Income Statement is Computed	50 years
Life Sciences Office Buildings | 6763, Patriot Drive
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,960
Buildings and Improvements	10,749
Costs Capitalized Subsequent to Acquisition	373
Gross Amount Carried at Close of Period
Land and Improvements	1,960
Buildings and Improvements	11,122
Total	13,082
Accumulated Depreciation	465
NBV	$ 12,617
Life on Which Depreciation in Income Statement is Computed	50 years
Life Sciences Office Buildings | 6773, 701 W. Main Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,266
Buildings and Improvements	58,020
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,266
Buildings and Improvements	58,020
Total	61,286
Accumulated Depreciation	841
NBV	$ 60,445
Life on Which Depreciation in Income Statement is Computed	60 years
Life Sciences Office Buildings | 6762, Paramount Parkway
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,016
Buildings and Improvements	19,794
Costs Capitalized Subsequent to Acquisition	617
Gross Amount Carried at Close of Period
Land and Improvements	1,016
Buildings and Improvements	20,411
Total	21,427
Accumulated Depreciation	869
NBV	$ 20,558
Life on Which Depreciation in Income Statement is Computed	45 years
Life Sciences Office Buildings | 6760, Wake 90
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,752
Buildings and Improvements	79,949
Costs Capitalized Subsequent to Acquisition	105
Gross Amount Carried at Close of Period
Land and Improvements	2,752
Buildings and Improvements	80,054
Total	82,806
Accumulated Depreciation	3,196
NBV	$ 79,610
Life on Which Depreciation in Income Statement is Computed	40 years
Life Sciences Office Buildings | 6761, Wake 91
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,729
Buildings and Improvements	73,690
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,729
Buildings and Improvements	73,690
Total	75,419
Accumulated Depreciation	2,395
NBV	$ 73,024
Life on Which Depreciation in Income Statement is Computed	50 years
Life Sciences Office Buildings | 6772, Wake 60
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,000
Initial Cost to Company
Land and Improvements	1,243
Buildings and Improvements	83,414
Costs Capitalized Subsequent to Acquisition	1,868
Gross Amount Carried at Close of Period
Land and Improvements	1,243
Buildings and Improvements	85,282
Total	86,525
Accumulated Depreciation	3,320
NBV	$ 83,205
Life on Which Depreciation in Income Statement is Computed	35 years
Life Sciences Office Buildings | 6774, 450 North Patterson Avenue
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,930
Buildings and Improvements	33,395
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,930
Buildings and Improvements	33,395
Total	35,325
Accumulated Depreciation	0
NBV	$ 35,325
Life on Which Depreciation in Income Statement is Computed	35 years
Life Sciences Office Buildings | 6754, Hershey Center Unit 1
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	813
Buildings and Improvements	23,699
Costs Capitalized Subsequent to Acquisition	786
Gross Amount Carried at Close of Period
Land and Improvements	813
Buildings and Improvements	24,485
Total	25,298
Accumulated Depreciation	918
NBV	$ 24,380
Life on Which Depreciation in Income Statement is Computed	50 years
Life Sciences Office Buildings | 6752, 3737 Market Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	40
Buildings and Improvements	141,981
Costs Capitalized Subsequent to Acquisition	5,711
Gross Amount Carried at Close of Period
Land and Improvements	40
Buildings and Improvements	147,692
Total	147,732
Accumulated Depreciation	3,950
NBV	$ 143,782
Life on Which Depreciation in Income Statement is Computed	54 years
Life Sciences Office Buildings | 6753, 3711 Market Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	12,320
Buildings and Improvements	69,278
Costs Capitalized Subsequent to Acquisition	2,597
Gross Amount Carried at Close of Period
Land and Improvements	12,320
Buildings and Improvements	71,875
Total	84,195
Accumulated Depreciation	2,342
NBV	$ 81,853
Life on Which Depreciation in Income Statement is Computed	48 years
Life Sciences Office Buildings | 6778, 3750 Lancaster Avenue
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	205
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	205
Total	205
Accumulated Depreciation	0
NBV	205
Life Sciences Office Buildings | 6779, 3675 Market Street
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	11,370
Buildings and Improvements	53,539
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	11,370
Buildings and Improvements	53,539
Total	64,909
Accumulated Depreciation	0
NBV	64,909
Life Sciences Office Buildings | 6770, IRP I
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	60
Buildings and Improvements	20,084
Costs Capitalized Subsequent to Acquisition	607
Gross Amount Carried at Close of Period
Land and Improvements	60
Buildings and Improvements	20,691
Total	20,751
Accumulated Depreciation	720
NBV	$ 20,031
Life on Which Depreciation in Income Statement is Computed	55 years
Life Sciences Office Buildings | 6771, IRP II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	69
Buildings and Improvements	21,255
Costs Capitalized Subsequent to Acquisition	748
Gross Amount Carried at Close of Period
Land and Improvements	69
Buildings and Improvements	22,003
Total	22,072
Accumulated Depreciation	715
NBV	$ 21,357
Life on Which Depreciation in Income Statement is Computed	55 years
Life Sciences Office Buildings | 6780, 3701 Filbert Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	1,080
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	1,080
Total	1,080
Accumulated Depreciation	0
NBV	1,080
Life Sciences Office Buildings | 6781, 115 North 38th Street
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	289
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	289
Total	289
Accumulated Depreciation	0
NBV	289
Life Sciences Office Buildings | 6782, 225 North 38th Street
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	2,460
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,460
Total	2,460
Accumulated Depreciation	0
NBV	2,460
Life Sciences Office Buildings | South Street Landing
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	6,358
Buildings and Improvements	112,036
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	6,358
Buildings and Improvements	112,036
Total	118,394
Accumulated Depreciation	997
NBV	$ 117,397
Life on Which Depreciation in Income Statement is Computed	45 years
Life Sciences Office Buildings | 2/3 Davol Square
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,537
Buildings and Improvements	6,886
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,537
Buildings and Improvements	6,886
Total	11,423
Accumulated Depreciation	660
NBV	$ 10,763
Life on Which Depreciation in Income Statement is Computed	15 years
Life Sciences Office Buildings | One Ship Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,943
Buildings and Improvements	1,734
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,943
Buildings and Improvements	1,734
Total	3,677
Accumulated Depreciation	58
NBV	$ 3,619
Life on Which Depreciation in Income Statement is Computed	25 years
Life Sciences Office Buildings | Brown Academic Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	9,834
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	9,834
Total	9,834
Accumulated Depreciation	0
NBV	$ 9,834
Life on Which Depreciation in Income Statement is Computed	55 years
Life Sciences Office Buildings | Wexford Biotech 8
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,615
Buildings and Improvements	85,496
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,615
Buildings and Improvements	85,496
Total	88,111
Accumulated Depreciation	474
NBV	$ 87,637
Life on Which Depreciation in Income Statement is Computed	35 years
Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 365,897
Initial Cost to Company
Land and Improvements	472,313
Buildings and Improvements	5,772,156
Costs Capitalized Subsequent to Acquisition	312,338
Gross Amount Carried at Close of Period
Land and Improvements	477,362
Buildings and Improvements	6,079,445
Total	6,556,807
Accumulated Depreciation	997,587
NBV	5,559,220
Other Third Party | Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	190,394
Initial Cost to Company
Land and Improvements	519,074
Buildings and Improvements	4,646,262
Costs Capitalized Subsequent to Acquisition	52,129
Gross Amount Carried at Close of Period
Land and Improvements	511,585
Buildings and Improvements	4,705,880
Total	5,217,465
Accumulated Depreciation	831,359
NBV	4,386,106
Other Third Party | Seniors Housing Communities | Elmcroft of Reedsville, 3855
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	189
Buildings and Improvements	5,170
Costs Capitalized Subsequent to Acquisition	8
Gross Amount Carried at Close of Period
Land and Improvements	189
Buildings and Improvements	5,178
Total	5,367
Accumulated Depreciation	1,650
NBV	$ 3,717
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of Saxonburg, 3858
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	770
Buildings and Improvements	5,949
Costs Capitalized Subsequent to Acquisition	17
Gross Amount Carried at Close of Period
Land and Improvements	770
Buildings and Improvements	5,966
Total	6,736
Accumulated Depreciation	1,899
NBV	$ 4,837
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of Shippensburg, 3815
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	203
Buildings and Improvements	7,634
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	203
Buildings and Improvements	7,634
Total	7,837
Accumulated Depreciation	2,436
NBV	$ 5,401
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of State College, 3860
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	320
Buildings and Improvements	7,407
Costs Capitalized Subsequent to Acquisition	6
Gross Amount Carried at Close of Period
Land and Improvements	320
Buildings and Improvements	7,413
Total	7,733
Accumulated Depreciation	2,364
NBV	$ 5,369
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Villa Bonita, 2245
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,610
Buildings and Improvements	9,169
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,610
Buildings and Improvements	9,169
Total	10,779
Accumulated Depreciation	2,137
NBV	$ 8,642
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Meadows Senior Living, 7024
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,308
Buildings and Improvements	19,667
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,308
Buildings and Improvements	19,667
Total	20,975
Accumulated Depreciation	2,047
NBV	$ 18,928
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Las Villas Del Norte, 3805
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,791
Buildings and Improvements	32,632
Costs Capitalized Subsequent to Acquisition	17
Gross Amount Carried at Close of Period
Land and Improvements	2,791
Buildings and Improvements	32,649
Total	35,440
Accumulated Depreciation	10,412
NBV	$ 25,028
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Alder Bay Assisted Living, 7480
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,170
Buildings and Improvements	5,228
Costs Capitalized Subsequent to Acquisition	(70)
Gross Amount Carried at Close of Period
Land and Improvements	1,170
Buildings and Improvements	5,158
Total	6,328
Accumulated Depreciation	1,215
NBV	$ 5,113
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Cedarbrook, 7316
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,652
Buildings and Improvements	12,613
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,652
Buildings and Improvements	12,613
Total	14,265
Accumulated Depreciation	353
NBV	$ 13,912
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3880, Elmcroft of Grayson Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,040
Buildings and Improvements	19,145
Costs Capitalized Subsequent to Acquisition	495
Gross Amount Carried at Close of Period
Land and Improvements	1,046
Buildings and Improvements	19,634
Total	20,680
Accumulated Depreciation	4,174
NBV	$ 16,506
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3873, Elmcroft of Byrd Springs
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,720
Buildings and Improvements	11,270
Costs Capitalized Subsequent to Acquisition	468
Gross Amount Carried at Close of Period
Land and Improvements	1,723
Buildings and Improvements	11,735
Total	13,458
Accumulated Depreciation	2,733
NBV	$ 10,725
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3881, Elmcroft of Heritage Woods
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,020
Buildings and Improvements	10,241
Costs Capitalized Subsequent to Acquisition	489
Gross Amount Carried at Close of Period
Land and Improvements	1,020
Buildings and Improvements	10,730
Total	11,750
Accumulated Depreciation	2,526
NBV	$ 9,224
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3800, Elmcroft of Halcyon
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	220
Buildings and Improvements	5,476
Costs Capitalized Subsequent to Acquisition	16
Gross Amount Carried at Close of Period
Land and Improvements	220
Buildings and Improvements	5,492
Total	5,712
Accumulated Depreciation	1,748
NBV	$ 3,964
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7635, Rosewood Manor (AL)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	680
Buildings and Improvements	4,038
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	680
Buildings and Improvements	4,038
Total	4,718
Accumulated Depreciation	847
NBV	$ 3,871
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3605, West Shores
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,326
Buildings and Improvements	10,904
Costs Capitalized Subsequent to Acquisition	1,200
Gross Amount Carried at Close of Period
Land and Improvements	1,326
Buildings and Improvements	12,104
Total	13,430
Accumulated Depreciation	3,928
NBV	$ 9,502
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3822, Elmcroft of Maumelle
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,252
Buildings and Improvements	7,601
Costs Capitalized Subsequent to Acquisition	22
Gross Amount Carried at Close of Period
Land and Improvements	1,252
Buildings and Improvements	7,623
Total	8,875
Accumulated Depreciation	2,426
NBV	$ 6,449
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3823, Elmcroft of Mountain Home
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	204
Buildings and Improvements	8,971
Costs Capitalized Subsequent to Acquisition	5
Gross Amount Carried at Close of Period
Land and Improvements	204
Buildings and Improvements	8,976
Total	9,180
Accumulated Depreciation	2,863
NBV	$ 6,317
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3825, Elmcroft of Sherwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,320
Buildings and Improvements	5,693
Costs Capitalized Subsequent to Acquisition	24
Gross Amount Carried at Close of Period
Land and Improvements	1,320
Buildings and Improvements	5,717
Total	7,037
Accumulated Depreciation	1,817
NBV	$ 5,220
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7301, Chandler Memory Care Community
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,910
Buildings and Improvements	8,882
Costs Capitalized Subsequent to Acquisition	184
Gross Amount Carried at Close of Period
Land and Improvements	3,094
Buildings and Improvements	8,882
Total	11,976
Accumulated Depreciation	1,891
NBV	$ 10,085
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7308, Silver Creek Inn Memory Care Community
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	890
Buildings and Improvements	5,918
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	890
Buildings and Improvements	5,918
Total	6,808
Accumulated Depreciation	1,150
NBV	$ 5,658
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1451, Prestige Assisted Living At Green Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,227
Buildings and Improvements	13,977
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,227
Buildings and Improvements	13,977
Total	15,204
Accumulated Depreciation	1,442
NBV	$ 13,762
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1452, Prestige Assisted Living At Lake Havasu City
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	594
Buildings and Improvements	14,792
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	594
Buildings and Improvements	14,792
Total	15,386
Accumulated Depreciation	1,517
NBV	$ 13,869
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1312, Lakeview Terrace
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	706
Buildings and Improvements	7,810
Costs Capitalized Subsequent to Acquisition	96
Gross Amount Carried at Close of Period
Land and Improvements	706
Buildings and Improvements	7,906
Total	8,612
Accumulated Depreciation	840
NBV	$ 7,772
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7010, Arbor Rose
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,100
Buildings and Improvements	11,880
Costs Capitalized Subsequent to Acquisition	2,434
Gross Amount Carried at Close of Period
Land and Improvements	1,100
Buildings and Improvements	14,314
Total	15,414
Accumulated Depreciation	4,176
NBV	$ 11,238
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2246, The Stratford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,931
Buildings and Improvements	33,576
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,931
Buildings and Improvements	33,576
Total	35,507
Accumulated Depreciation	3,453
NBV	$ 32,054
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 4826, Amber Creek Inn Memory Care
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,310
Buildings and Improvements	6,322
Costs Capitalized Subsequent to Acquisition	677
Gross Amount Carried at Close of Period
Land and Improvements	2,185
Buildings and Improvements	7,124
Total	9,309
Accumulated Depreciation	528
NBV	$ 8,781
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1456, Prestige Assisted Living At Sierra Vista
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	295
Buildings and Improvements	13,224
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	295
Buildings and Improvements	13,224
Total	13,519
Accumulated Depreciation	1,353
NBV	$ 12,166
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3894, Elmcroft of Tempe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,090
Buildings and Improvements	12,942
Costs Capitalized Subsequent to Acquisition	855
Gross Amount Carried at Close of Period
Land and Improvements	1,090
Buildings and Improvements	13,797
Total	14,887
Accumulated Depreciation	3,143
NBV	$ 11,744
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3891, Elmcroft of River Centre
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,940
Buildings and Improvements	5,195
Costs Capitalized Subsequent to Acquisition	462
Gross Amount Carried at Close of Period
Land and Improvements	1,940
Buildings and Improvements	5,657
Total	7,597
Accumulated Depreciation	1,531
NBV	$ 6,066
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7022, Sierra Ridge Memory Care
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	681
Buildings and Improvements	6,071
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	681
Buildings and Improvements	6,071
Total	6,752
Accumulated Depreciation	643
NBV	$ 6,109
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7072, Careage Banning
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,970
Buildings and Improvements	16,037
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,970
Buildings and Improvements	16,037
Total	19,007
Accumulated Depreciation	3,567
NBV	$ 15,440
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3811, Las Villas Del Carlsbad
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,760
Buildings and Improvements	30,469
Costs Capitalized Subsequent to Acquisition	3
Gross Amount Carried at Close of Period
Land and Improvements	1,760
Buildings and Improvements	30,472
Total	32,232
Accumulated Depreciation	9,721
NBV	$ 22,511
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1450, Prestige Assisted Living At Chico
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,069
Buildings and Improvements	14,929
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,069
Buildings and Improvements	14,929
Total	15,998
Accumulated Depreciation	1,537
NBV	$ 14,461
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3808, Elmcroft of La Mesa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,431
Buildings and Improvements	6,101
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,431
Buildings and Improvements	6,101
Total	8,532
Accumulated Depreciation	1,946
NBV	$ 6,586
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3810, Grossmont Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	9,104
Buildings and Improvements	59,349
Costs Capitalized Subsequent to Acquisition	71
Gross Amount Carried at Close of Period
Land and Improvements	9,104
Buildings and Improvements	59,420
Total	68,524
Accumulated Depreciation	18,939
NBV	$ 49,585
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1400, Palms, The
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,700
Buildings and Improvements	43,919
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,700
Buildings and Improvements	43,919
Total	46,619
Accumulated Depreciation	6,243
NBV	$ 40,376
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1453, Prestige Assisted Living At Lancaster
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	718
Buildings and Improvements	10,459
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	718
Buildings and Improvements	10,459
Total	11,177
Accumulated Depreciation	1,077
NBV	$ 10,100
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1454, Prestige Assisted Living At Marysville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	741
Buildings and Improvements	7,467
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	741
Buildings and Improvements	7,467
Total	8,208
Accumulated Depreciation	772
NBV	$ 7,436
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3809, Mountview Retirement Residence
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,089
Buildings and Improvements	15,449
Costs Capitalized Subsequent to Acquisition	77
Gross Amount Carried at Close of Period
Land and Improvements	1,089
Buildings and Improvements	15,526
Total	16,615
Accumulated Depreciation	4,933
NBV	$ 11,682
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1402, Redwood Retirement
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,798
Buildings and Improvements	12,639
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,798
Buildings and Improvements	12,639
Total	15,437
Accumulated Depreciation	1,836
NBV	$ 13,601
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1455, Prestige Assisted Living At Oroville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	638
Buildings and Improvements	8,079
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	638
Buildings and Improvements	8,079
Total	8,717
Accumulated Depreciation	833
NBV	$ 7,884
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1403, Valencia Commons
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,439
Buildings and Improvements	36,363
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,439
Buildings and Improvements	36,363
Total	37,802
Accumulated Depreciation	5,154
NBV	$ 32,648
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2244, Mission Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,800
Buildings and Improvements	3,637
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	6,800
Buildings and Improvements	3,637
Total	10,437
Accumulated Depreciation	1,297
NBV	$ 9,140
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1404, Shasta Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,180
Buildings and Improvements	23,463
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,180
Buildings and Improvements	23,463
Total	24,643
Accumulated Depreciation	3,330
NBV	$ 21,313
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7481, The Vistas
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,290
Buildings and Improvements	22,033
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,290
Buildings and Improvements	22,033
Total	23,323
Accumulated Depreciation	4,555
NBV	$ 18,768
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3807, Elmcroft of Point Loma
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,117
Buildings and Improvements	6,865
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,117
Buildings and Improvements	6,865
Total	8,982
Accumulated Depreciation	2,190
NBV	$ 6,792
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2243, Regency of Evergreen Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,700
Buildings and Improvements	7,994
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,700
Buildings and Improvements	7,994
Total	10,694
Accumulated Depreciation	2,222
NBV	$ 8,472
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1700, Villa del Obispo
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,660
Buildings and Improvements	9,560
Costs Capitalized Subsequent to Acquisition	331
Gross Amount Carried at Close of Period
Land and Improvements	2,660
Buildings and Improvements	9,891
Total	12,551
Accumulated Depreciation	2,140
NBV	$ 10,411
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3604, Villa Santa Barbara
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,219
Buildings and Improvements	12,426
Costs Capitalized Subsequent to Acquisition	3,645
Gross Amount Carried at Close of Period
Land and Improvements	1,219
Buildings and Improvements	16,071
Total	17,290
Accumulated Depreciation	4,468
NBV	$ 12,822
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7023, Skyline Place Senior Living
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,815
Buildings and Improvements	28,472
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,815
Buildings and Improvements	28,472
Total	30,287
Accumulated Depreciation	2,977
NBV	$ 27,310
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7021, Oak Terrace Memory Care
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,146
Buildings and Improvements	5,275
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,146
Buildings and Improvements	5,275
Total	6,421
Accumulated Depreciation	568
NBV	$ 5,853
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7013, Eagle Lake Village
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,165
Buildings and Improvements	6,719
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,165
Buildings and Improvements	6,719
Total	7,884
Accumulated Depreciation	1,199
NBV	$ 6,685
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1401, Bonaventure
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,294
Buildings and Improvements	32,747
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,294
Buildings and Improvements	32,747
Total	38,041
Accumulated Depreciation	4,719
NBV	$ 33,322
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7306, Sterling Inn
Real Estate and Accumulated Depreciation
Encumbrances	$ 12,558
Initial Cost to Company
Land and Improvements	733
Buildings and Improvements	18,539
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	733
Buildings and Improvements	18,539
Total	19,272
Accumulated Depreciation	499
NBV	$ 18,773
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7307, Sterling Commons
Real Estate and Accumulated Depreciation
Encumbrances	$ 5,850
Initial Cost to Company
Land and Improvements	768
Buildings and Improvements	13,124
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	768
Buildings and Improvements	13,124
Total	13,892
Accumulated Depreciation	355
NBV	$ 13,537
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1457, Prestige Assisted Living At Visalia
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,300
Buildings and Improvements	8,378
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,300
Buildings and Improvements	8,378
Total	9,678
Accumulated Depreciation	873
NBV	$ 8,805
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2242, Vista Village
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,630
Buildings and Improvements	5,640
Costs Capitalized Subsequent to Acquisition	61
Gross Amount Carried at Close of Period
Land and Improvements	1,630
Buildings and Improvements	5,701
Total	7,331
Accumulated Depreciation	1,454
NBV	$ 5,877
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3806, Rancho Vista
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,730
Buildings and Improvements	21,828
Costs Capitalized Subsequent to Acquisition	42
Gross Amount Carried at Close of Period
Land and Improvements	6,730
Buildings and Improvements	21,870
Total	28,600
Accumulated Depreciation	6,966
NBV	$ 21,634
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1712, Westminster Terrace
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,700
Buildings and Improvements	11,514
Costs Capitalized Subsequent to Acquisition	22
Gross Amount Carried at Close of Period
Land and Improvements	1,700
Buildings and Improvements	11,536
Total	13,236
Accumulated Depreciation	2,397
NBV	$ 10,839
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1406, Highland Trail
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,511
Buildings and Improvements	26,431
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,511
Buildings and Improvements	26,431
Total	28,942
Accumulated Depreciation	3,774
NBV	$ 25,168
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7011, Caley Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,157
Buildings and Improvements	13,133
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,157
Buildings and Improvements	13,133
Total	14,290
Accumulated Depreciation	2,343
NBV	$ 11,947
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7485, Garden Square at Westlake
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	630
Buildings and Improvements	8,211
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	630
Buildings and Improvements	8,211
Total	8,841
Accumulated Depreciation	1,775
NBV	$ 7,066
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7486, Garden Square of Greeley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	330
Buildings and Improvements	2,735
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	330
Buildings and Improvements	2,735
Total	3,065
Accumulated Depreciation	606
NBV	$ 2,459
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1405, Lakewood Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,306
Buildings and Improvements	21,137
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,306
Buildings and Improvements	21,137
Total	22,443
Accumulated Depreciation	3,005
NBV	$ 19,438
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1407, Sugar Valley Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,255
Buildings and Improvements	21,837
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,255
Buildings and Improvements	21,837
Total	23,092
Accumulated Depreciation	3,103
NBV	$ 19,989
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7110, Devonshire Acres
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	950
Buildings and Improvements	13,569
Costs Capitalized Subsequent to Acquisition	(2,922)
Gross Amount Carried at Close of Period
Land and Improvements	965
Buildings and Improvements	10,632
Total	11,597
Accumulated Depreciation	2,330
NBV	$ 9,267
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7292, Gardenside Terrace
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7,000
Buildings and Improvements	31,518
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,000
Buildings and Improvements	31,518
Total	38,518
Accumulated Depreciation	6,517
NBV	$ 32,001
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7291, Hearth at Tuxis Pond
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,610
Buildings and Improvements	44,322
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,610
Buildings and Improvements	44,322
Total	45,932
Accumulated Depreciation	8,768
NBV	$ 37,164
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1408, White Oaks
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,584
Buildings and Improvements	34,507
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,584
Buildings and Improvements	34,507
Total	37,091
Accumulated Depreciation	4,914
NBV	$ 32,177
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7120, Hampton Manor Belleview
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	390
Buildings and Improvements	8,337
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	390
Buildings and Improvements	8,337
Total	8,727
Accumulated Depreciation	1,781
NBV	$ 6,946
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7638, Sabal House
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	430
Buildings and Improvements	5,902
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	430
Buildings and Improvements	5,902
Total	6,332
Accumulated Depreciation	1,236
NBV	$ 5,096
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7231, Bristol Park of Coral Springs
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,280
Buildings and Improvements	11,877
Costs Capitalized Subsequent to Acquisition	689
Gross Amount Carried at Close of Period
Land and Improvements	3,280
Buildings and Improvements	12,566
Total	15,846
Accumulated Depreciation	2,613
NBV	$ 13,233
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7639, Stanley House
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	410
Buildings and Improvements	5,659
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	410
Buildings and Improvements	5,659
Total	6,069
Accumulated Depreciation	1,184
NBV	$ 4,885
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7520, The Peninsula
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,660
Buildings and Improvements	9,122
Costs Capitalized Subsequent to Acquisition	1,307
Gross Amount Carried at Close of Period
Land and Improvements	3,660
Buildings and Improvements	10,429
Total	14,089
Accumulated Depreciation	2,277
NBV	$ 11,812
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3801, Elmcroft of Timberlin Parc
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	455
Buildings and Improvements	5,905
Costs Capitalized Subsequent to Acquisition	5
Gross Amount Carried at Close of Period
Land and Improvements	455
Buildings and Improvements	5,910
Total	6,365
Accumulated Depreciation	1,884
NBV	$ 4,481
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7636, Forsyth House
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	610
Buildings and Improvements	6,503
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	610
Buildings and Improvements	6,503
Total	7,113
Accumulated Depreciation	1,348
NBV	$ 5,765
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1776, Princeton Village of Largo
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,718
Buildings and Improvements	10,438
Costs Capitalized Subsequent to Acquisition	153
Gross Amount Carried at Close of Period
Land and Improvements	1,718
Buildings and Improvements	10,591
Total	12,309
Accumulated Depreciation	1,344
NBV	$ 10,965
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1354, Barrington Terrace of Fort Myers
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,105
Buildings and Improvements	18,190
Costs Capitalized Subsequent to Acquisition	615
Gross Amount Carried at Close of Period
Land and Improvements	2,110
Buildings and Improvements	18,800
Total	20,910
Accumulated Depreciation	2,167
NBV	$ 18,743
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1355, Barrington Terrace of Naples
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,596
Buildings and Improvements	18,716
Costs Capitalized Subsequent to Acquisition	571
Gross Amount Carried at Close of Period
Land and Improvements	2,608
Buildings and Improvements	19,275
Total	21,883
Accumulated Depreciation	2,188
NBV	$ 19,695
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3970, The Carlisle Naples
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,406
Buildings and Improvements	78,091
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	8,406
Buildings and Improvements	78,091
Total	86,497
Accumulated Depreciation	15,720
NBV	$ 70,777
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3971, Naples ALZ Development
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,983
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,983
Buildings and Improvements	0
Total	2,983
Accumulated Depreciation	0
NBV	2,983
Other Third Party | Seniors Housing Communities | 7121, Hampton Manor at 24th Road
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	690
Buildings and Improvements	8,767
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	690
Buildings and Improvements	8,767
Total	9,457
Accumulated Depreciation	1,815
NBV	$ 7,642
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7122, Hampton Manor at Deerwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	790
Buildings and Improvements	5,605
Costs Capitalized Subsequent to Acquisition	3,648
Gross Amount Carried at Close of Period
Land and Improvements	983
Buildings and Improvements	9,060
Total	10,043
Accumulated Depreciation	1,499
NBV	$ 8,544
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1409, Las Palmas
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	984
Buildings and Improvements	30,009
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	984
Buildings and Improvements	30,009
Total	30,993
Accumulated Depreciation	4,249
NBV	$ 26,744
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1775, Princeton Village of Palm Coast
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,958
Buildings and Improvements	24,525
Costs Capitalized Subsequent to Acquisition	42
Gross Amount Carried at Close of Period
Land and Improvements	1,958
Buildings and Improvements	24,567
Total	26,525
Accumulated Depreciation	2,578
NBV	$ 23,947
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1707, Outlook Pointe at Pensacola
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,230
Buildings and Improvements	2,362
Costs Capitalized Subsequent to Acquisition	154
Gross Amount Carried at Close of Period
Land and Improvements	2,230
Buildings and Improvements	2,516
Total	4,746
Accumulated Depreciation	790
NBV	$ 3,956
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7637, Magnolia House
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	400
Buildings and Improvements	5,190
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	400
Buildings and Improvements	5,190
Total	5,590
Accumulated Depreciation	1,104
NBV	$ 4,486
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1708, Outlook Pointe at Tallahassee
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,430
Buildings and Improvements	17,745
Costs Capitalized Subsequent to Acquisition	460
Gross Amount Carried at Close of Period
Land and Improvements	2,430
Buildings and Improvements	18,205
Total	20,635
Accumulated Depreciation	3,871
NBV	$ 16,764
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1714, Magnolia Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	640
Buildings and Improvements	8,013
Costs Capitalized Subsequent to Acquisition	81
Gross Amount Carried at Close of Period
Land and Improvements	640
Buildings and Improvements	8,094
Total	8,734
Accumulated Depreciation	1,627
NBV	$ 7,107
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7230, Bristol Park of Tamarac
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,920
Buildings and Improvements	14,130
Costs Capitalized Subsequent to Acquisition	718
Gross Amount Carried at Close of Period
Land and Improvements	3,920
Buildings and Improvements	14,848
Total	18,768
Accumulated Depreciation	3,023
NBV	$ 15,745
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3874, Elmcroft of Carrolwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,410
Buildings and Improvements	20,944
Costs Capitalized Subsequent to Acquisition	634
Gross Amount Carried at Close of Period
Land and Improvements	5,410
Buildings and Improvements	21,578
Total	26,988
Accumulated Depreciation	4,692
NBV	$ 22,296
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1351, Arbor Terrace of Athens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,767
Buildings and Improvements	16,442
Costs Capitalized Subsequent to Acquisition	439
Gross Amount Carried at Close of Period
Land and Improvements	1,770
Buildings and Improvements	16,878
Total	18,648
Accumulated Depreciation	1,759
NBV	$ 16,889
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1353, Arbor Terrace at Cascade
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,052
Buildings and Improvements	9,040
Costs Capitalized Subsequent to Acquisition	662
Gross Amount Carried at Close of Period
Land and Improvements	3,057
Buildings and Improvements	9,697
Total	12,754
Accumulated Depreciation	1,440
NBV	$ 11,314
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7410, Augusta Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	530
Buildings and Improvements	10,262
Costs Capitalized Subsequent to Acquisition	308
Gross Amount Carried at Close of Period
Land and Improvements	543
Buildings and Improvements	10,557
Total	11,100
Accumulated Depreciation	2,239
NBV	$ 8,861
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1851, Benton House of Convington
Real Estate and Accumulated Depreciation
Encumbrances	$ 7,594
Initial Cost to Company
Land and Improvements	1,297
Buildings and Improvements	11,397
Costs Capitalized Subsequent to Acquisition	142
Gross Amount Carried at Close of Period
Land and Improvements	1,297
Buildings and Improvements	11,539
Total	12,836
Accumulated Depreciation	1,271
NBV	$ 11,565
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1352, Arbor Terrace of Decatur
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,102
Buildings and Improvements	19,599
Costs Capitalized Subsequent to Acquisition	(1,371)
Gross Amount Carried at Close of Period
Land and Improvements	1,292
Buildings and Improvements	20,038
Total	21,330
Accumulated Depreciation	2,053
NBV	$ 19,277
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1852, Benton House of Douglasville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,697
Buildings and Improvements	15,542
Costs Capitalized Subsequent to Acquisition	78
Gross Amount Carried at Close of Period
Land and Improvements	1,697
Buildings and Improvements	15,620
Total	17,317
Accumulated Depreciation	1,673
NBV	$ 15,644
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3826, Elmcroft of Martinez
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	408
Buildings and Improvements	6,764
Costs Capitalized Subsequent to Acquisition	5
Gross Amount Carried at Close of Period
Land and Improvements	408
Buildings and Improvements	6,769
Total	7,177
Accumulated Depreciation	2,029
NBV	$ 5,148
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1853, Benton House of Newnan
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,474
Buildings and Improvements	17,487
Costs Capitalized Subsequent to Acquisition	157
Gross Amount Carried at Close of Period
Land and Improvements	1,474
Buildings and Improvements	17,644
Total	19,118
Accumulated Depreciation	1,839
NBV	$ 17,279
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3905, Elmcroft Of Roswell
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,867
Buildings and Improvements	15,835
Costs Capitalized Subsequent to Acquisition	24
Gross Amount Carried at Close of Period
Land and Improvements	1,867
Buildings and Improvements	15,859
Total	17,726
Accumulated Depreciation	1,595
NBV	$ 16,131
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1855, Benton Village of Stockbridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,221
Buildings and Improvements	21,989
Costs Capitalized Subsequent to Acquisition	456
Gross Amount Carried at Close of Period
Land and Improvements	2,227
Buildings and Improvements	22,439
Total	24,666
Accumulated Depreciation	2,411
NBV	$ 22,255
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1854, Benton House of Sugar Hill
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,173
Buildings and Improvements	14,937
Costs Capitalized Subsequent to Acquisition	101
Gross Amount Carried at Close of Period
Land and Improvements	2,173
Buildings and Improvements	15,038
Total	17,211
Accumulated Depreciation	1,698
NBV	$ 15,513
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1105, Villas of St James
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	671
Buildings and Improvements	6,849
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	671
Buildings and Improvements	6,849
Total	7,520
Accumulated Depreciation	852
NBV	$ 6,668
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1106, Villas of Holly Brook
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,185
Buildings and Improvements	8,910
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,185
Buildings and Improvements	8,910
Total	10,095
Accumulated Depreciation	1,140
NBV	$ 8,955
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1104, Villas of Holly Brook, Effingham
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	508
Buildings and Improvements	6,624
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	508
Buildings and Improvements	6,624
Total	7,132
Accumulated Depreciation	801
NBV	$ 6,331
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1101, Villas of Holly Brook, Herrin
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,175
Buildings and Improvements	9,605
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,175
Buildings and Improvements	9,605
Total	11,780
Accumulated Depreciation	1,416
NBV	$ 10,364
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1103, Villas of Holly Brook, Marshall
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,461
Buildings and Improvements	4,881
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,461
Buildings and Improvements	4,881
Total	6,342
Accumulated Depreciation	837
NBV	$ 5,505
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1107, Villas of Holly Brook, Newton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	458
Buildings and Improvements	4,590
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	458
Buildings and Improvements	4,590
Total	5,048
Accumulated Depreciation	616
NBV	$ 4,432
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1880, Wyndcrest Assisted Living
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	570
Buildings and Improvements	6,536
Costs Capitalized Subsequent to Acquisition	108
Gross Amount Carried at Close of Period
Land and Improvements	570
Buildings and Improvements	6,644
Total	7,214
Accumulated Depreciation	767
NBV	$ 6,447
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1102, Villas of Holly Brook, Shelbyville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,292
Buildings and Improvements	3,351
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,292
Buildings and Improvements	3,351
Total	5,643
Accumulated Depreciation	921
NBV	$ 4,722
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3827, Elmcroft of Muncie
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	244
Buildings and Improvements	11,218
Costs Capitalized Subsequent to Acquisition	4
Gross Amount Carried at Close of Period
Land and Improvements	244
Buildings and Improvements	11,222
Total	11,466
Accumulated Depreciation	3,366
NBV	$ 8,100
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7482, Wood Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	590
Buildings and Improvements	4,850
Costs Capitalized Subsequent to Acquisition	(35)
Gross Amount Carried at Close of Period
Land and Improvements	590
Buildings and Improvements	4,815
Total	5,405
Accumulated Depreciation	1,059
NBV	$ 4,346
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7681, Canford Healthcare Limited Bexleyheath, KNT
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,042
Buildings and Improvements	7,525
Costs Capitalized Subsequent to Acquisition	(1,043)
Gross Amount Carried at Close of Period
Land and Improvements	4,624
Buildings and Improvements	6,900
Total	11,524
Accumulated Depreciation	689
NBV	$ 10,835
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 7676, Canford Healthcare Limited Maidstone, KNT
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,769
Buildings and Improvements	3,089
Costs Capitalized Subsequent to Acquisition	(569)
Gross Amount Carried at Close of Period
Land and Improvements	3,456
Buildings and Improvements	2,833
Total	6,289
Accumulated Depreciation	407
NBV	$ 5,882
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 7679, Canford Healthcare Limited Tunbridge Wells, KNT
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,323
Buildings and Improvements	5,869
Costs Capitalized Subsequent to Acquisition	(846)
Gross Amount Carried at Close of Period
Land and Improvements	3,964
Buildings and Improvements	5,382
Total	9,346
Accumulated Depreciation	593
NBV	$ 8,753
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 3902, Elmcroft Of Florence
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,535
Buildings and Improvements	21,826
Costs Capitalized Subsequent to Acquisition	10
Gross Amount Carried at Close of Period
Land and Improvements	1,535
Buildings and Improvements	21,836
Total	23,371
Accumulated Depreciation	2,182
NBV	$ 21,189
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1410, Hartland Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,468
Buildings and Improvements	23,929
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,468
Buildings and Improvements	23,929
Total	25,397
Accumulated Depreciation	3,401
NBV	$ 21,996
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3903, Elmcroft Of Mount Washington
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	758
Buildings and Improvements	12,048
Costs Capitalized Subsequent to Acquisition	8
Gross Amount Carried at Close of Period
Land and Improvements	758
Buildings and Improvements	12,056
Total	12,814
Accumulated Depreciation	1,204
NBV	$ 11,610
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2510, Heritage Woods
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,249
Buildings and Improvements	4,625
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,249
Buildings and Improvements	4,625
Total	5,874
Accumulated Depreciation	2,404
NBV	$ 3,470
Life on Which Depreciation in Income Statement is Computed	30 years
Other Third Party | Seniors Housing Communities | 1411, Devonshire Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,832
Buildings and Improvements	31,124
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,832
Buildings and Improvements	31,124
Total	32,956
Accumulated Depreciation	4,423
NBV	$ 28,533
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1709, Outlook Pointe at Hagerstown
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,010
Buildings and Improvements	1,293
Costs Capitalized Subsequent to Acquisition	273
Gross Amount Carried at Close of Period
Land and Improvements	2,010
Buildings and Improvements	1,566
Total	3,576
Accumulated Depreciation	539
NBV	$ 3,037
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7130, Clover Healthcare
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,400
Buildings and Improvements	26,895
Costs Capitalized Subsequent to Acquisition	876
Gross Amount Carried at Close of Period
Land and Improvements	1,400
Buildings and Improvements	27,771
Total	29,171
Accumulated Depreciation	6,014
NBV	$ 23,157
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7132, Gorham House
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,360
Buildings and Improvements	33,147
Costs Capitalized Subsequent to Acquisition	1,472
Gross Amount Carried at Close of Period
Land and Improvements	1,527
Buildings and Improvements	34,452
Total	35,979
Accumulated Depreciation	6,825
NBV	$ 29,154
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1413, Kittery Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,531
Buildings and Improvements	30,811
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,531
Buildings and Improvements	30,811
Total	32,342
Accumulated Depreciation	4,373
NBV	$ 27,969
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1412, Woods at Canco
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,441
Buildings and Improvements	45,578
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,441
Buildings and Improvements	45,578
Total	47,019
Accumulated Depreciation	6,452
NBV	$ 40,567
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7131, Sentry Hill
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,490
Buildings and Improvements	19,869
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,490
Buildings and Improvements	19,869
Total	23,359
Accumulated Depreciation	4,061
NBV	$ 19,298
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3878, Elmcroft of Downriver
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	320
Buildings and Improvements	32,652
Costs Capitalized Subsequent to Acquisition	437
Gross Amount Carried at Close of Period
Land and Improvements	371
Buildings and Improvements	33,038
Total	33,409
Accumulated Depreciation	6,667
NBV	$ 26,742
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3611, Independence Village of East Lansing
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,956
Buildings and Improvements	18,122
Costs Capitalized Subsequent to Acquisition	398
Gross Amount Carried at Close of Period
Land and Improvements	1,956
Buildings and Improvements	18,520
Total	20,476
Accumulated Depreciation	3,128
NBV	$ 17,348
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3883, Elmcroft of Kentwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	510
Buildings and Improvements	13,976
Costs Capitalized Subsequent to Acquisition	(3,503)
Gross Amount Carried at Close of Period
Land and Improvements	481
Buildings and Improvements	10,502
Total	10,983
Accumulated Depreciation	3,361
NBV	$ 7,622
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7421, Primrose Austin
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,540
Buildings and Improvements	11,707
Costs Capitalized Subsequent to Acquisition	443
Gross Amount Carried at Close of Period
Land and Improvements	2,540
Buildings and Improvements	12,150
Total	14,690
Accumulated Depreciation	2,369
NBV	$ 12,321
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7423, Primrose Duluth
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,190
Buildings and Improvements	8,296
Costs Capitalized Subsequent to Acquisition	257
Gross Amount Carried at Close of Period
Land and Improvements	6,245
Buildings and Improvements	8,498
Total	14,743
Accumulated Depreciation	1,902
NBV	$ 12,841
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7424, Primrose Mankato
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,860
Buildings and Improvements	8,920
Costs Capitalized Subsequent to Acquisition	352
Gross Amount Carried at Close of Period
Land and Improvements	1,860
Buildings and Improvements	9,272
Total	11,132
Accumulated Depreciation	1,978
NBV	$ 9,154
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1414, Lodge at White Bear
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	732
Buildings and Improvements	24,999
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	732
Buildings and Improvements	24,999
Total	25,731
Accumulated Depreciation	3,538
NBV	$ 22,193
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1108, Assisted Living at the Meadowlands
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,326
Buildings and Improvements	14,158
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,326
Buildings and Improvements	14,158
Total	16,484
Accumulated Depreciation	1,760
NBV	$ 14,724
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7300, Canyon Creek Inn Memory Care
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	420
Buildings and Improvements	11,217
Costs Capitalized Subsequent to Acquisition	7
Gross Amount Carried at Close of Period
Land and Improvements	420
Buildings and Improvements	11,224
Total	11,644
Accumulated Depreciation	2,212
NBV	$ 9,432
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Spring Creek Inn Alzheimer's Community
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,345
Buildings and Improvements	16,877
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,345
Buildings and Improvements	16,877
Total	18,222
Accumulated Depreciation	470
NBV	$ 17,752
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2651, Springs at Missoula
Real Estate and Accumulated Depreciation
Encumbrances	$ 16,500
Initial Cost to Company
Land and Improvements	1,975
Buildings and Improvements	34,390
Costs Capitalized Subsequent to Acquisition	1,375
Gross Amount Carried at Close of Period
Land and Improvements	1,975
Buildings and Improvements	35,765
Total	37,740
Accumulated Depreciation	6,046
NBV	$ 31,694
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7090, Carillon ALF of Asheboro
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	680
Buildings and Improvements	15,370
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	680
Buildings and Improvements	15,370
Total	16,050
Accumulated Depreciation	3,109
NBV	$ 12,941
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1350, Arbor Terrace of Asheville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,365
Buildings and Improvements	15,679
Costs Capitalized Subsequent to Acquisition	532
Gross Amount Carried at Close of Period
Land and Improvements	1,365
Buildings and Improvements	16,211
Total	17,576
Accumulated Depreciation	1,753
NBV	$ 15,823
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3802, Elmcroft of Little Avenue
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	250
Buildings and Improvements	5,077
Costs Capitalized Subsequent to Acquisition	7
Gross Amount Carried at Close of Period
Land and Improvements	250
Buildings and Improvements	5,084
Total	5,334
Accumulated Depreciation	1,620
NBV	$ 3,714
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7093, Carillon ALF of Cramer Mountain
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	530
Buildings and Improvements	18,225
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	530
Buildings and Improvements	18,225
Total	18,755
Accumulated Depreciation	3,710
NBV	$ 15,045
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7092, Carillon ALF of Harrisburg
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,660
Buildings and Improvements	15,130
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,660
Buildings and Improvements	15,130
Total	16,790
Accumulated Depreciation	3,070
NBV	$ 13,720
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7097, Carillon ALF of Hendersonville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,210
Buildings and Improvements	7,372
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,210
Buildings and Improvements	7,372
Total	9,582
Accumulated Depreciation	1,669
NBV	$ 7,913
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7098, Carillon ALF of Hillsborough
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,450
Buildings and Improvements	19,754
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,450
Buildings and Improvements	19,754
Total	21,204
Accumulated Depreciation	3,962
NBV	$ 17,242
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1415, Willow Grove
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	763
Buildings and Improvements	27,544
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	763
Buildings and Improvements	27,544
Total	28,307
Accumulated Depreciation	3,897
NBV	$ 24,410
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7095, Carillon ALF of Newton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	540
Buildings and Improvements	14,935
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	540
Buildings and Improvements	14,935
Total	15,475
Accumulated Depreciation	3,021
NBV	$ 12,454
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3612, Independence Village of Olde Raleigh
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,989
Buildings and Improvements	18,648
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,989
Buildings and Improvements	18,648
Total	20,637
Accumulated Depreciation	3,201
NBV	$ 17,436
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3846, Elmcroft of Northridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	184
Buildings and Improvements	3,592
Costs Capitalized Subsequent to Acquisition	16
Gross Amount Carried at Close of Period
Land and Improvements	184
Buildings and Improvements	3,608
Total	3,792
Accumulated Depreciation	1,147
NBV	$ 2,645
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7091, Carillon ALF of Salisbury
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,580
Buildings and Improvements	25,026
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,580
Buildings and Improvements	25,026
Total	26,606
Accumulated Depreciation	4,973
NBV	$ 21,633
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7094, Carillon ALF of Shelby
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	660
Buildings and Improvements	15,471
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	660
Buildings and Improvements	15,471
Total	16,131
Accumulated Depreciation	3,140
NBV	$ 12,991
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3866, Elmcroft of Southern Pines
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,196
Buildings and Improvements	10,766
Costs Capitalized Subsequent to Acquisition	14
Gross Amount Carried at Close of Period
Land and Improvements	1,196
Buildings and Improvements	10,780
Total	11,976
Accumulated Depreciation	2,385
NBV	$ 9,591
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7096, Carillon ALF of Southport
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,330
Buildings and Improvements	10,356
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,330
Buildings and Improvements	10,356
Total	11,686
Accumulated Depreciation	2,223
NBV	$ 9,463
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7422, Primrose Bismarck
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,210
Buildings and Improvements	9,768
Costs Capitalized Subsequent to Acquisition	255
Gross Amount Carried at Close of Period
Land and Improvements	1,210
Buildings and Improvements	10,023
Total	11,233
Accumulated Depreciation	2,041
NBV	$ 9,192
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1100, Wellington ALF-Minot ND
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,241
Buildings and Improvements	9,509
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,241
Buildings and Improvements	9,509
Total	12,750
Accumulated Depreciation	1,462
NBV	$ 11,288
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3602, Crown Pointe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,316
Buildings and Improvements	11,950
Costs Capitalized Subsequent to Acquisition	1,700
Gross Amount Carried at Close of Period
Land and Improvements	1,316
Buildings and Improvements	13,650
Total	14,966
Accumulated Depreciation	4,318
NBV	$ 10,648
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1416, Birch Heights
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,413
Buildings and Improvements	30,267
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,413
Buildings and Improvements	30,267
Total	31,680
Accumulated Depreciation	4,294
NBV	$ 27,386
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1417, Bear Canyon Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,879
Buildings and Improvements	36,223
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,879
Buildings and Improvements	36,223
Total	38,102
Accumulated Depreciation	5,142
NBV	$ 32,960
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2275, The Woodmark at Uptown
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,439
Buildings and Improvements	33,276
Costs Capitalized Subsequent to Acquisition	451
Gross Amount Carried at Close of Period
Land and Improvements	2,451
Buildings and Improvements	33,715
Total	36,166
Accumulated Depreciation	3,404
NBV	$ 32,762
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3890, Elmcroft of Quintessence
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,150
Buildings and Improvements	26,527
Costs Capitalized Subsequent to Acquisition	426
Gross Amount Carried at Close of Period
Land and Improvements	1,165
Buildings and Improvements	26,938
Total	28,103
Accumulated Depreciation	5,483
NBV	$ 22,620
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2276, The Woodmark at Sun City
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	964
Buildings and Improvements	35,093
Costs Capitalized Subsequent to Acquisition	531
Gross Amount Carried at Close of Period
Land and Improvements	1,003
Buildings and Improvements	35,585
Total	36,588
Accumulated Depreciation	3,329
NBV	$ 33,259
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Rock Creek Memory Care
Real Estate and Accumulated Depreciation
Encumbrances	$ 10,228
Initial Cost to Company
Land and Improvements	826
Buildings and Improvements	16,353
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	826
Buildings and Improvements	16,353
Total	17,179
Accumulated Depreciation	45
NBV	$ 17,134
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1458, Prestige Assisted Living at Mira Loma
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,279
Buildings and Improvements	12,558
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,279
Buildings and Improvements	12,558
Total	13,837
Accumulated Depreciation	739
NBV	$ 13,098
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3600, The Amberleigh
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,498
Buildings and Improvements	19,097
Costs Capitalized Subsequent to Acquisition	5,836
Gross Amount Carried at Close of Period
Land and Improvements	3,498
Buildings and Improvements	24,933
Total	28,431
Accumulated Depreciation	7,058
NBV	$ 21,373
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7290, Castle Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,830
Buildings and Improvements	20,312
Costs Capitalized Subsequent to Acquisition	2,230
Gross Amount Carried at Close of Period
Land and Improvements	1,885
Buildings and Improvements	22,487
Total	24,372
Accumulated Depreciation	5,685
NBV	$ 18,687
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3847, Elmcroft of Lima
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	490
Buildings and Improvements	3,368
Costs Capitalized Subsequent to Acquisition	11
Gross Amount Carried at Close of Period
Land and Improvements	490
Buildings and Improvements	3,379
Total	3,869
Accumulated Depreciation	1,075
NBV	$ 2,794
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3812, Elmcroft of Ontario
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	523
Buildings and Improvements	7,968
Costs Capitalized Subsequent to Acquisition	12
Gross Amount Carried at Close of Period
Land and Improvements	523
Buildings and Improvements	7,980
Total	8,503
Accumulated Depreciation	2,543
NBV	$ 5,960
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3813, Elmcroft of Medina
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	661
Buildings and Improvements	9,788
Costs Capitalized Subsequent to Acquisition	7
Gross Amount Carried at Close of Period
Land and Improvements	661
Buildings and Improvements	9,795
Total	10,456
Accumulated Depreciation	3,123
NBV	$ 7,333
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3814, Elmcroft of Washington Township
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,235
Buildings and Improvements	12,611
Costs Capitalized Subsequent to Acquisition	6
Gross Amount Carried at Close of Period
Land and Improvements	1,235
Buildings and Improvements	12,617
Total	13,852
Accumulated Depreciation	4,024
NBV	$ 9,828
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3816, Elmcroft of Sagamore Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	980
Buildings and Improvements	12,604
Costs Capitalized Subsequent to Acquisition	29
Gross Amount Carried at Close of Period
Land and Improvements	980
Buildings and Improvements	12,633
Total	13,613
Accumulated Depreciation	4,023
NBV	$ 9,590
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3885, Elmcroft of Lorain
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	500
Buildings and Improvements	15,461
Costs Capitalized Subsequent to Acquisition	532
Gross Amount Carried at Close of Period
Land and Improvements	557
Buildings and Improvements	15,936
Total	16,493
Accumulated Depreciation	3,562
NBV	$ 12,931
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7543, Gardens at Westlake
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,401
Buildings and Improvements	20,640
Costs Capitalized Subsequent to Acquisition	128
Gross Amount Carried at Close of Period
Land and Improvements	2,401
Buildings and Improvements	20,768
Total	23,169
Accumulated Depreciation	2,352
NBV	$ 20,817
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3848, Elmcroft of Xenia
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	653
Buildings and Improvements	2,801
Costs Capitalized Subsequent to Acquisition	1
Gross Amount Carried at Close of Period
Land and Improvements	653
Buildings and Improvements	2,802
Total	3,455
Accumulated Depreciation	894
NBV	$ 2,561
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1804, Arbor House of Mustang
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	372
Buildings and Improvements	3,587
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	372
Buildings and Improvements	3,587
Total	3,959
Accumulated Depreciation	600
NBV	$ 3,359
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1805, Arbor House of Norman
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	444
Buildings and Improvements	7,525
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	444
Buildings and Improvements	7,525
Total	7,969
Accumulated Depreciation	1,252
NBV	$ 6,717
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1806, Arbor House Reminisce Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	438
Buildings and Improvements	3,028
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	438
Buildings and Improvements	3,028
Total	3,466
Accumulated Depreciation	509
NBV	$ 2,957
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1803, Arbor House of Midwest City
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	544
Buildings and Improvements	9,133
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	544
Buildings and Improvements	9,133
Total	9,677
Accumulated Depreciation	1,519
NBV	$ 8,158
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7014, Mansion at Waterford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,077
Buildings and Improvements	14,184
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,077
Buildings and Improvements	14,184
Total	16,261
Accumulated Depreciation	2,531
NBV	$ 13,730
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7019, Meadowbrook Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,430
Buildings and Improvements	5,311
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,430
Buildings and Improvements	5,311
Total	6,741
Accumulated Depreciation	566
NBV	$ 6,175
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1418, Edgewood Downs
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,356
Buildings and Improvements	15,476
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,356
Buildings and Improvements	15,476
Total	17,832
Accumulated Depreciation	2,227
NBV	$ 15,605
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1305, Princeton Village
Real Estate and Accumulated Depreciation
Encumbrances	$ 2,691
Initial Cost to Company
Land and Improvements	1,126
Buildings and Improvements	10,283
Costs Capitalized Subsequent to Acquisition	56
Gross Amount Carried at Close of Period
Land and Improvements	1,126
Buildings and Improvements	10,339
Total	11,465
Accumulated Depreciation	1,137
NBV	$ 10,328
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1300, Bayside Terrace
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	498
Buildings and Improvements	2,795
Costs Capitalized Subsequent to Acquisition	423
Gross Amount Carried at Close of Period
Land and Improvements	498
Buildings and Improvements	3,218
Total	3,716
Accumulated Depreciation	317
NBV	$ 3,399
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1301, Ocean Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,681
Buildings and Improvements	10,941
Costs Capitalized Subsequent to Acquisition	(94)
Gross Amount Carried at Close of Period
Land and Improvements	2,681
Buildings and Improvements	10,847
Total	13,528
Accumulated Depreciation	1,414
NBV	$ 12,114
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1518, Avamere at Hillsboro
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,400
Buildings and Improvements	8,353
Costs Capitalized Subsequent to Acquisition	1,209
Gross Amount Carried at Close of Period
Land and Improvements	4,400
Buildings and Improvements	9,562
Total	13,962
Accumulated Depreciation	2,232
NBV	$ 11,730
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2652, The Springs at Tanasbourne
Real Estate and Accumulated Depreciation
Encumbrances	$ 33,282
Initial Cost to Company
Land and Improvements	4,689
Buildings and Improvements	55,035
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,689
Buildings and Improvements	55,035
Total	59,724
Accumulated Depreciation	9,933
NBV	$ 49,791
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1530, Keizer River ALZ Facility
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	922
Buildings and Improvements	6,460
Costs Capitalized Subsequent to Acquisition	108
Gross Amount Carried at Close of Period
Land and Improvements	1,135
Buildings and Improvements	6,355
Total	7,490
Accumulated Depreciation	808
NBV	$ 6,682
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1302, Pelican Pointe
Real Estate and Accumulated Depreciation
Encumbrances	$ 11,614
Initial Cost to Company
Land and Improvements	943
Buildings and Improvements	26,237
Costs Capitalized Subsequent to Acquisition	113
Gross Amount Carried at Close of Period
Land and Improvements	943
Buildings and Improvements	26,350
Total	27,293
Accumulated Depreciation	2,691
NBV	$ 24,602
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1523, The Stafford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,800
Buildings and Improvements	16,122
Costs Capitalized Subsequent to Acquisition	644
Gross Amount Carried at Close of Period
Land and Improvements	1,806
Buildings and Improvements	16,760
Total	18,566
Accumulated Depreciation	3,542
NBV	$ 15,024
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2649, The Springs at Clackamas Woods (ILF)
Real Estate and Accumulated Depreciation
Encumbrances	$ 14,755
Initial Cost to Company
Land and Improvements	1,264
Buildings and Improvements	22,429
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,264
Buildings and Improvements	22,429
Total	23,693
Accumulated Depreciation	3,944
NBV	$ 19,749
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2650, Clackamas Woods Assisted Living
Real Estate and Accumulated Depreciation
Encumbrances	$ 7,945
Initial Cost to Company
Land and Improvements	681
Buildings and Improvements	12,077
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	681
Buildings and Improvements	12,077
Total	12,758
Accumulated Depreciation	2,123
NBV	$ 10,635
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1304, Pheasant Pointe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	904
Buildings and Improvements	7,433
Costs Capitalized Subsequent to Acquisition	(107)
Gross Amount Carried at Close of Period
Land and Improvements	904
Buildings and Improvements	7,326
Total	8,230
Accumulated Depreciation	701
NBV	$ 7,529
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1521, Avamere at Newberg
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,320
Buildings and Improvements	4,664
Costs Capitalized Subsequent to Acquisition	588
Gross Amount Carried at Close of Period
Land and Improvements	1,342
Buildings and Improvements	5,230
Total	6,572
Accumulated Depreciation	1,323
NBV	$ 5,249
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1524, Avamere Living at Berry Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,910
Buildings and Improvements	4,249
Costs Capitalized Subsequent to Acquisition	2,298
Gross Amount Carried at Close of Period
Land and Improvements	1,910
Buildings and Improvements	6,547
Total	8,457
Accumulated Depreciation	1,666
NBV	$ 6,791
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7018, McLoughlin Place Senior Living
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,418
Buildings and Improvements	26,819
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,418
Buildings and Improvements	26,819
Total	29,237
Accumulated Depreciation	2,822
NBV	$ 26,415
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1516, Avamere at Bethany
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,150
Buildings and Improvements	16,740
Costs Capitalized Subsequent to Acquisition	227
Gross Amount Carried at Close of Period
Land and Improvements	3,150
Buildings and Improvements	16,967
Total	20,117
Accumulated Depreciation	3,605
NBV	$ 16,512
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1303, Cedar Village
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	868
Buildings and Improvements	12,652
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	868
Buildings and Improvements	12,652
Total	13,520
Accumulated Depreciation	1,115
NBV	$ 12,405
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1306, Redwood Heights
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,513
Buildings and Improvements	16,774
Costs Capitalized Subsequent to Acquisition	(175)
Gross Amount Carried at Close of Period
Land and Improvements	1,513
Buildings and Improvements	16,599
Total	18,112
Accumulated Depreciation	1,513
NBV	$ 16,599
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1520, Avamere at Sandy
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,000
Buildings and Improvements	7,309
Costs Capitalized Subsequent to Acquisition	276
Gross Amount Carried at Close of Period
Land and Improvements	1,000
Buildings and Improvements	7,585
Total	8,585
Accumulated Depreciation	1,760
NBV	$ 6,825
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1522, Suzanne Elise ALF
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,940
Buildings and Improvements	4,027
Costs Capitalized Subsequent to Acquisition	66
Gross Amount Carried at Close of Period
Land and Improvements	1,940
Buildings and Improvements	4,093
Total	6,033
Accumulated Depreciation	1,160
NBV	$ 4,873
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1531, Necanicum Village
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,212
Buildings and Improvements	7,311
Costs Capitalized Subsequent to Acquisition	52
Gross Amount Carried at Close of Period
Land and Improvements	2,212
Buildings and Improvements	7,363
Total	9,575
Accumulated Depreciation	767
NBV	$ 8,808
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1519, Avamere at Sherwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,010
Buildings and Improvements	7,051
Costs Capitalized Subsequent to Acquisition	259
Gross Amount Carried at Close of Period
Land and Improvements	1,010
Buildings and Improvements	7,310
Total	8,320
Accumulated Depreciation	1,707
NBV	$ 6,613
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7483, Chateau Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,550
Buildings and Improvements	4,197
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,550
Buildings and Improvements	4,197
Total	5,747
Accumulated Depreciation	875
NBV	$ 4,872
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3856, Elmcroft of Loyalsock
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	413
Buildings and Improvements	3,412
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	413
Buildings and Improvements	3,412
Total	3,825
Accumulated Depreciation	1,089
NBV	$ 2,736
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2504, Highgate at Paoli Pointe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,151
Buildings and Improvements	9,079
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,151
Buildings and Improvements	9,079
Total	10,230
Accumulated Depreciation	4,344
NBV	$ 5,886
Life on Which Depreciation in Income Statement is Computed	30 years
Other Third Party | Seniors Housing Communities | 3907, Elmcroft Of Mid Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	619
Buildings and Improvements	11,662
Costs Capitalized Subsequent to Acquisition	3
Gross Amount Carried at Close of Period
Land and Improvements	619
Buildings and Improvements	11,665
Total	12,284
Accumulated Depreciation	1,163
NBV	$ 11,121
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2503, Sanatoga Court
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	360
Buildings and Improvements	3,233
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	360
Buildings and Improvements	3,233
Total	3,593
Accumulated Depreciation	1,604
NBV	$ 1,989
Life on Which Depreciation in Income Statement is Computed	30 years
Other Third Party | Seniors Housing Communities | 2501, Berkshire Commons
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	470
Buildings and Improvements	4,301
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	470
Buildings and Improvements	4,301
Total	4,771
Accumulated Depreciation	2,132
NBV	$ 2,639
Life on Which Depreciation in Income Statement is Computed	30 years
Other Third Party | Seniors Housing Communities | 2511, Mifflin Court
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	689
Buildings and Improvements	4,265
Costs Capitalized Subsequent to Acquisition	351
Gross Amount Carried at Close of Period
Land and Improvements	689
Buildings and Improvements	4,616
Total	5,305
Accumulated Depreciation	2,048
NBV	$ 3,257
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3857, Elmcroft of Reading
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	638
Buildings and Improvements	4,942
Costs Capitalized Subsequent to Acquisition	3
Gross Amount Carried at Close of Period
Land and Improvements	638
Buildings and Improvements	4,945
Total	5,583
Accumulated Depreciation	1,577
NBV	$ 4,006
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1704, Outlook Pointe at York
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,260
Buildings and Improvements	6,923
Costs Capitalized Subsequent to Acquisition	216
Gross Amount Carried at Close of Period
Land and Improvements	1,260
Buildings and Improvements	7,139
Total	8,399
Accumulated Depreciation	1,523
NBV	$ 6,876
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1850, Garden House of Anderson SC
Real Estate and Accumulated Depreciation
Encumbrances	$ 7,566
Initial Cost to Company
Land and Improvements	969
Buildings and Improvements	15,613
Costs Capitalized Subsequent to Acquisition	85
Gross Amount Carried at Close of Period
Land and Improvements	969
Buildings and Improvements	15,698
Total	16,667
Accumulated Depreciation	1,705
NBV	$ 14,962
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1419, Forest Pines
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,058
Buildings and Improvements	27,471
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,058
Buildings and Improvements	27,471
Total	28,529
Accumulated Depreciation	3,893
NBV	$ 24,636
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3803, Elmcroft of Florence SC
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	108
Buildings and Improvements	7,620
Costs Capitalized Subsequent to Acquisition	230
Gross Amount Carried at Close of Period
Land and Improvements	108
Buildings and Improvements	7,850
Total	7,958
Accumulated Depreciation	2,441
NBV	$ 5,517
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7420, Primrose Aberdeen
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	850
Buildings and Improvements	659
Costs Capitalized Subsequent to Acquisition	235
Gross Amount Carried at Close of Period
Land and Improvements	850
Buildings and Improvements	894
Total	1,744
Accumulated Depreciation	339
NBV	$ 1,405
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7425, Primrose Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	310
Buildings and Improvements	3,242
Costs Capitalized Subsequent to Acquisition	53
Gross Amount Carried at Close of Period
Land and Improvements	310
Buildings and Improvements	3,295
Total	3,605
Accumulated Depreciation	701
NBV	$ 2,904
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7426, Primrose Rapid City
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	860
Buildings and Improvements	8,722
Costs Capitalized Subsequent to Acquisition	88
Gross Amount Carried at Close of Period
Land and Improvements	860
Buildings and Improvements	8,810
Total	9,670
Accumulated Depreciation	1,880
NBV	$ 7,790
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7427, Primrose Sioux Falls
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,180
Buildings and Improvements	12,936
Costs Capitalized Subsequent to Acquisition	315
Gross Amount Carried at Close of Period
Land and Improvements	2,180
Buildings and Improvements	13,251
Total	15,431
Accumulated Depreciation	2,848
NBV	$ 12,583
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1706, Outlook Pointe of Bristol
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	470
Buildings and Improvements	16,006
Costs Capitalized Subsequent to Acquisition	315
Gross Amount Carried at Close of Period
Land and Improvements	470
Buildings and Improvements	16,321
Total	16,791
Accumulated Depreciation	3,222
NBV	$ 13,569
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3804, Elmcroft of Hamilton Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	87
Buildings and Improvements	4,248
Costs Capitalized Subsequent to Acquisition	9
Gross Amount Carried at Close of Period
Land and Improvements	87
Buildings and Improvements	4,257
Total	4,344
Accumulated Depreciation	1,356
NBV	$ 2,988
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3875, Elmcroft of Shallowford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	580
Buildings and Improvements	7,568
Costs Capitalized Subsequent to Acquisition	523
Gross Amount Carried at Close of Period
Land and Improvements	582
Buildings and Improvements	8,089
Total	8,671
Accumulated Depreciation	2,047
NBV	$ 6,624
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3901, Elmcroft Of Hendersonville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	600
Buildings and Improvements	5,304
Costs Capitalized Subsequent to Acquisition	52
Gross Amount Carried at Close of Period
Land and Improvements	600
Buildings and Improvements	5,356
Total	5,956
Accumulated Depreciation	536
NBV	$ 5,420
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7634, Regency House
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	140
Buildings and Improvements	6,611
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	140
Buildings and Improvements	6,611
Total	6,751
Accumulated Depreciation	1,379
NBV	$ 5,372
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3906, Elmcroft Of Jackson
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	768
Buildings and Improvements	16,840
Costs Capitalized Subsequent to Acquisition	8
Gross Amount Carried at Close of Period
Land and Improvements	768
Buildings and Improvements	16,848
Total	17,616
Accumulated Depreciation	1,679
NBV	$ 15,937
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1710, Outlook Pointe at Johnson City
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	590
Buildings and Improvements	10,043
Costs Capitalized Subsequent to Acquisition	400
Gross Amount Carried at Close of Period
Land and Improvements	590
Buildings and Improvements	10,443
Total	11,033
Accumulated Depreciation	2,075
NBV	$ 8,958
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3819, Elmcroft of Kingsport
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	22
Buildings and Improvements	7,815
Costs Capitalized Subsequent to Acquisition	7
Gross Amount Carried at Close of Period
Land and Improvements	22
Buildings and Improvements	7,822
Total	7,844
Accumulated Depreciation	2,494
NBV	$ 5,350
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1357, Arbor Terrace of Knoxville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	590
Buildings and Improvements	15,862
Costs Capitalized Subsequent to Acquisition	533
Gross Amount Carried at Close of Period
Land and Improvements	590
Buildings and Improvements	16,395
Total	16,985
Accumulated Depreciation	1,778
NBV	$ 15,207
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3904, Elmcroft Of Halls
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	387
Buildings and Improvements	4,948
Costs Capitalized Subsequent to Acquisition	10
Gross Amount Carried at Close of Period
Land and Improvements	387
Buildings and Improvements	4,958
Total	5,345
Accumulated Depreciation	496
NBV	$ 4,849
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3862, Elmcroft of West Knoxville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	439
Buildings and Improvements	10,697
Costs Capitalized Subsequent to Acquisition	26
Gross Amount Carried at Close of Period
Land and Improvements	439
Buildings and Improvements	10,723
Total	11,162
Accumulated Depreciation	3,414
NBV	$ 7,748
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3863, Elmcroft of Lebanon
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	180
Buildings and Improvements	7,086
Costs Capitalized Subsequent to Acquisition	391
Gross Amount Carried at Close of Period
Land and Improvements	180
Buildings and Improvements	7,477
Total	7,657
Accumulated Depreciation	2,277
NBV	$ 5,380
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3868, Elmcroft of Bartlett
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	570
Buildings and Improvements	25,552
Costs Capitalized Subsequent to Acquisition	377
Gross Amount Carried at Close of Period
Land and Improvements	570
Buildings and Improvements	25,929
Total	26,499
Accumulated Depreciation	5,302
NBV	$ 21,197
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7630, Kennington Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,820
Buildings and Improvements	4,748
Costs Capitalized Subsequent to Acquisition	815
Gross Amount Carried at Close of Period
Land and Improvements	1,820
Buildings and Improvements	5,563
Total	7,383
Accumulated Depreciation	1,895
NBV	$ 5,488
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7633, Glenmary Senior Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	510
Buildings and Improvements	5,860
Costs Capitalized Subsequent to Acquisition	477
Gross Amount Carried at Close of Period
Land and Improvements	510
Buildings and Improvements	6,337
Total	6,847
Accumulated Depreciation	1,692
NBV	$ 5,155
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1705, Outlook Pointe at Murfreesboro
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	940
Buildings and Improvements	8,030
Costs Capitalized Subsequent to Acquisition	316
Gross Amount Carried at Close of Period
Land and Improvements	940
Buildings and Improvements	8,346
Total	9,286
Accumulated Depreciation	1,724
NBV	$ 7,562
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3871, Elmcroft of Brentwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	960
Buildings and Improvements	22,020
Costs Capitalized Subsequent to Acquisition	654
Gross Amount Carried at Close of Period
Land and Improvements	960
Buildings and Improvements	22,674
Total	23,634
Accumulated Depreciation	4,862
NBV	$ 18,772
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3899, Elmcroft of Arlington
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,650
Buildings and Improvements	14,060
Costs Capitalized Subsequent to Acquisition	539
Gross Amount Carried at Close of Period
Land and Improvements	2,650
Buildings and Improvements	14,599
Total	17,249
Accumulated Depreciation	3,304
NBV	$ 13,945
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7309, Meadowbrook Memory Care Community
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	755
Buildings and Improvements	4,677
Costs Capitalized Subsequent to Acquisition	940
Gross Amount Carried at Close of Period
Land and Improvements	755
Buildings and Improvements	5,617
Total	6,372
Accumulated Depreciation	922
NBV	$ 5,450
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3867, Elmcroft of Austin
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,770
Buildings and Improvements	25,820
Costs Capitalized Subsequent to Acquisition	610
Gross Amount Carried at Close of Period
Land and Improvements	2,770
Buildings and Improvements	26,430
Total	29,200
Accumulated Depreciation	5,536
NBV	$ 23,664
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3869, Elmcroft of Bedford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	770
Buildings and Improvements	19,691
Costs Capitalized Subsequent to Acquisition	699
Gross Amount Carried at Close of Period
Land and Improvements	770
Buildings and Improvements	20,390
Total	21,160
Accumulated Depreciation	4,351
NBV	$ 16,809
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1422, Highland Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,679
Buildings and Improvements	28,943
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,679
Buildings and Improvements	28,943
Total	30,622
Accumulated Depreciation	4,112
NBV	$ 26,510
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3893, Elmcroft of Rivershire
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	860
Buildings and Improvements	32,671
Costs Capitalized Subsequent to Acquisition	714
Gross Amount Carried at Close of Period
Land and Improvements	860
Buildings and Improvements	33,385
Total	34,245
Accumulated Depreciation	6,892
NBV	$ 27,353
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7484, Flower Mound
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	900
Buildings and Improvements	5,512
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	900
Buildings and Improvements	5,512
Total	6,412
Accumulated Depreciation	1,170
NBV	$ 5,242
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1802, Arbor House Granbury
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	390
Buildings and Improvements	8,186
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	390
Buildings and Improvements	8,186
Total	8,576
Accumulated Depreciation	1,359
NBV	$ 7,217
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1423, Copperfield Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,216
Buildings and Improvements	21,135
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,216
Buildings and Improvements	21,135
Total	22,351
Accumulated Depreciation	3,003
NBV	$ 19,348
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3870, Elmcroft of Braeswood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,970
Buildings and Improvements	15,919
Costs Capitalized Subsequent to Acquisition	646
Gross Amount Carried at Close of Period
Land and Improvements	3,970
Buildings and Improvements	16,565
Total	20,535
Accumulated Depreciation	3,707
NBV	$ 16,828
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3877, Elmcroft of Cy-Fair
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,580
Buildings and Improvements	21,801
Costs Capitalized Subsequent to Acquisition	437
Gross Amount Carried at Close of Period
Land and Improvements	1,593
Buildings and Improvements	22,225
Total	23,818
Accumulated Depreciation	4,653
NBV	$ 19,165
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3882, Elmcroft of Irving
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,620
Buildings and Improvements	18,755
Costs Capitalized Subsequent to Acquisition	469
Gross Amount Carried at Close of Period
Land and Improvements	1,620
Buildings and Improvements	19,224
Total	20,844
Accumulated Depreciation	4,119
NBV	$ 16,725
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3610, Whitley Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	5,100
Costs Capitalized Subsequent to Acquisition	773
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	5,873
Total	5,873
Accumulated Depreciation	1,452
NBV	$ 4,421
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3884, Elmcroft of Lake Jackson
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	710
Buildings and Improvements	14,765
Costs Capitalized Subsequent to Acquisition	443
Gross Amount Carried at Close of Period
Land and Improvements	710
Buildings and Improvements	15,208
Total	15,918
Accumulated Depreciation	3,316
NBV	$ 12,602
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1801, Arbor House Lewisville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	824
Buildings and Improvements	10,308
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	824
Buildings and Improvements	10,308
Total	11,132
Accumulated Depreciation	1,719
NBV	$ 9,413
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3896, Elmcroft of Vista Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,280
Buildings and Improvements	10,548
Costs Capitalized Subsequent to Acquisition	(12,221)
Gross Amount Carried at Close of Period
Land and Improvements	1,921
Buildings and Improvements	2,686
Total	4,607
Accumulated Depreciation	2,150
NBV	$ 2,457
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1421, Polo Park Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	765
Buildings and Improvements	29,447
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	765
Buildings and Improvements	29,447
Total	30,212
Accumulated Depreciation	4,166
NBV	$ 26,046
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7311, Arbor Hills Memory Care Community
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,014
Buildings and Improvements	5,719
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,014
Buildings and Improvements	5,719
Total	6,733
Accumulated Depreciation	858
NBV	$ 5,875
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1807, Arbor House of Rockwall
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,537
Buildings and Improvements	12,883
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,537
Buildings and Improvements	12,883
Total	14,420
Accumulated Depreciation	2,160
NBV	$ 12,260
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3897, Elmcroft of Windcrest
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	920
Buildings and Improvements	13,011
Costs Capitalized Subsequent to Acquisition	586
Gross Amount Carried at Close of Period
Land and Improvements	920
Buildings and Improvements	13,597
Total	14,517
Accumulated Depreciation	3,113
NBV	$ 11,404
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1420, Paradise Springs
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,488
Buildings and Improvements	24,556
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,488
Buildings and Improvements	24,556
Total	26,044
Accumulated Depreciation	3,490
NBV	$ 22,554
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1800, Arbor House of Temple
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	473
Buildings and Improvements	6,750
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	473
Buildings and Improvements	6,750
Total	7,223
Accumulated Depreciation	1,124
NBV	$ 6,099
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3876, Elmcroft of Cottonwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	630
Buildings and Improvements	17,515
Costs Capitalized Subsequent to Acquisition	439
Gross Amount Carried at Close of Period
Land and Improvements	630
Buildings and Improvements	17,954
Total	18,584
Accumulated Depreciation	3,810
NBV	$ 14,774
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3886, Elmcroft of Mainland
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	520
Buildings and Improvements	14,849
Costs Capitalized Subsequent to Acquisition	547
Gross Amount Carried at Close of Period
Land and Improvements	520
Buildings and Improvements	15,396
Total	15,916
Accumulated Depreciation	3,355
NBV	$ 12,561
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3895, Elmcroft of Victoria
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	440
Buildings and Improvements	13,040
Costs Capitalized Subsequent to Acquisition	445
Gross Amount Carried at Close of Period
Land and Improvements	440
Buildings and Improvements	13,485
Total	13,925
Accumulated Depreciation	2,959
NBV	$ 10,966
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1808, Arbor House of Weatherford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	233
Buildings and Improvements	3,347
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	233
Buildings and Improvements	3,347
Total	3,580
Accumulated Depreciation	557
NBV	$ 3,023
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3872, Elmcroft of Wharton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	320
Buildings and Improvements	13,799
Costs Capitalized Subsequent to Acquisition	674
Gross Amount Carried at Close of Period
Land and Improvements	320
Buildings and Improvements	14,473
Total	14,793
Accumulated Depreciation	3,254
NBV	$ 11,539
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 2247, Mountain Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 11,218
Initial Cost to Company
Land and Improvements	1,243
Buildings and Improvements	24,659
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,243
Buildings and Improvements	24,659
Total	25,902
Accumulated Depreciation	2,516
NBV	$ 23,386
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3865, Elmcroft of Chesterfield
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	829
Buildings and Improvements	6,534
Costs Capitalized Subsequent to Acquisition	8
Gross Amount Carried at Close of Period
Land and Improvements	829
Buildings and Improvements	6,542
Total	7,371
Accumulated Depreciation	2,085
NBV	$ 5,286
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7012, Pheasant Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,813
Buildings and Improvements	9,027
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,813
Buildings and Improvements	9,027
Total	10,840
Accumulated Depreciation	1,611
NBV	$ 9,229
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7016, Cascade Valley Senior Living
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,413
Buildings and Improvements	6,294
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,413
Buildings and Improvements	6,294
Total	7,707
Accumulated Depreciation	651
NBV	$ 7,056
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1310, Bellingham at Orchard
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,383
Buildings and Improvements	17,553
Costs Capitalized Subsequent to Acquisition	(81)
Gross Amount Carried at Close of Period
Land and Improvements	3,381
Buildings and Improvements	17,474
Total	20,855
Accumulated Depreciation	1,516
NBV	$ 19,339
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1308, Bay Pointe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,114
Buildings and Improvements	21,006
Costs Capitalized Subsequent to Acquisition	360
Gross Amount Carried at Close of Period
Land and Improvements	2,114
Buildings and Improvements	21,366
Total	23,480
Accumulated Depreciation	2,161
NBV	$ 21,319
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1717, Cooks Hill Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	520
Buildings and Improvements	6,144
Costs Capitalized Subsequent to Acquisition	35
Gross Amount Carried at Close of Period
Land and Improvements	520
Buildings and Improvements	6,179
Total	6,699
Accumulated Depreciation	1,385
NBV	$ 5,314
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1309, Edmonds Landing
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,273
Buildings and Improvements	27,852
Costs Capitalized Subsequent to Acquisition	(218)
Gross Amount Carried at Close of Period
Land and Improvements	4,273
Buildings and Improvements	27,634
Total	31,907
Accumulated Depreciation	2,310
NBV	$ 29,597
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1311, Terrace at Beverly Lake
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,515
Buildings and Improvements	12,520
Costs Capitalized Subsequent to Acquisition	(25)
Gross Amount Carried at Close of Period
Land and Improvements	1,514
Buildings and Improvements	12,496
Total	14,010
Accumulated Depreciation	1,069
NBV	$ 12,941
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1716, The Sequoia
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,490
Buildings and Improvements	13,724
Costs Capitalized Subsequent to Acquisition	108
Gross Amount Carried at Close of Period
Land and Improvements	1,490
Buildings and Improvements	13,832
Total	15,322
Accumulated Depreciation	2,931
NBV	$ 12,391
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7025, Bishop Place Senior Living
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,780
Buildings and Improvements	33,608
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,780
Buildings and Improvements	33,608
Total	35,388
Accumulated Depreciation	3,415
NBV	$ 31,973
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1424, Willow Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,959
Buildings and Improvements	35,492
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,959
Buildings and Improvements	35,492
Total	37,451
Accumulated Depreciation	5,041
NBV	$ 32,410
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1713, Birchview
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	210
Buildings and Improvements	14,145
Costs Capitalized Subsequent to Acquisition	98
Gross Amount Carried at Close of Period
Land and Improvements	210
Buildings and Improvements	14,243
Total	14,453
Accumulated Depreciation	2,782
NBV	$ 11,671
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1718, Discovery Memory care
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	320
Buildings and Improvements	10,544
Costs Capitalized Subsequent to Acquisition	132
Gross Amount Carried at Close of Period
Land and Improvements	320
Buildings and Improvements	10,676
Total	10,996
Accumulated Depreciation	2,171
NBV	$ 8,825
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1715, The Village Retirement & Assisted Living
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,200
Buildings and Improvements	5,938
Costs Capitalized Subsequent to Acquisition	637
Gross Amount Carried at Close of Period
Land and Improvements	2,200
Buildings and Improvements	6,575
Total	8,775
Accumulated Depreciation	1,618
NBV	$ 7,157
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1307, Clearwater Springs
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,269
Buildings and Improvements	9,840
Costs Capitalized Subsequent to Acquisition	193
Gross Amount Carried at Close of Period
Land and Improvements	1,269
Buildings and Improvements	10,033
Total	11,302
Accumulated Depreciation	1,188
NBV	$ 10,114
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1611, Matthews of Appleton I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	130
Buildings and Improvements	1,834
Costs Capitalized Subsequent to Acquisition	(41)
Gross Amount Carried at Close of Period
Land and Improvements	130
Buildings and Improvements	1,793
Total	1,923
Accumulated Depreciation	411
NBV	$ 1,512
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1612, Matthews of Appleton II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	140
Buildings and Improvements	2,016
Costs Capitalized Subsequent to Acquisition	301
Gross Amount Carried at Close of Period
Land and Improvements	140
Buildings and Improvements	2,317
Total	2,457
Accumulated Depreciation	484
NBV	$ 1,973
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7590, Hunters Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	260
Buildings and Improvements	2,380
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	260
Buildings and Improvements	2,380
Total	2,640
Accumulated Depreciation	522
NBV	$ 2,118
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7033, Harbor House Beloit
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	150
Buildings and Improvements	4,356
Costs Capitalized Subsequent to Acquisition	427
Gross Amount Carried at Close of Period
Land and Improvements	191
Buildings and Improvements	4,742
Total	4,933
Accumulated Depreciation	916
NBV	$ 4,017
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7032, Harbor House Clinton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	290
Buildings and Improvements	4,390
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	290
Buildings and Improvements	4,390
Total	4,680
Accumulated Depreciation	889
NBV	$ 3,791
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7591, Creekside
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	760
Buildings and Improvements	1,693
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	760
Buildings and Improvements	1,693
Total	2,453
Accumulated Depreciation	401
NBV	$ 2,052
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7035, Harbor House Eau Claire
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	210
Buildings and Improvements	6,259
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	210
Buildings and Improvements	6,259
Total	6,469
Accumulated Depreciation	1,242
NBV	$ 5,227
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7592, Chapel Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	450
Buildings and Improvements	2,372
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	450
Buildings and Improvements	2,372
Total	2,822
Accumulated Depreciation	527
NBV	$ 2,295
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1601, Matthews of Milwaukee II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,810
Buildings and Improvements	943
Costs Capitalized Subsequent to Acquisition	37
Gross Amount Carried at Close of Period
Land and Improvements	1,820
Buildings and Improvements	970
Total	2,790
Accumulated Depreciation	310
NBV	$ 2,480
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7321, Laurel Oaks
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,390
Buildings and Improvements	43,587
Costs Capitalized Subsequent to Acquisition	3,556
Gross Amount Carried at Close of Period
Land and Improvements	2,510
Buildings and Improvements	47,023
Total	49,533
Accumulated Depreciation	9,097
NBV	$ 40,436
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7326, Layton Terrace
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,490
Buildings and Improvements	39,201
Costs Capitalized Subsequent to Acquisition	382
Gross Amount Carried at Close of Period
Land and Improvements	3,480
Buildings and Improvements	39,593
Total	43,073
Accumulated Depreciation	8,084
NBV	$ 34,989
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1600, Matthews of Hartland
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	640
Buildings and Improvements	1,663
Costs Capitalized Subsequent to Acquisition	43
Gross Amount Carried at Close of Period
Land and Improvements	652
Buildings and Improvements	1,694
Total	2,346
Accumulated Depreciation	467
NBV	$ 1,879
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1606, Matthews of Horicon
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	340
Buildings and Improvements	3,327
Costs Capitalized Subsequent to Acquisition	(95)
Gross Amount Carried at Close of Period
Land and Improvements	345
Buildings and Improvements	3,227
Total	3,572
Accumulated Depreciation	801
NBV	$ 2,771
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7593, Jefferson
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	330
Buildings and Improvements	2,384
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	330
Buildings and Improvements	2,384
Total	2,714
Accumulated Depreciation	523
NBV	$ 2,191
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7030, Harbor House Kenosha
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	710
Buildings and Improvements	3,254
Costs Capitalized Subsequent to Acquisition	3,641
Gross Amount Carried at Close of Period
Land and Improvements	1,156
Buildings and Improvements	6,449
Total	7,605
Accumulated Depreciation	1,031
NBV	$ 6,574
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7039, Harbor House Manitowoc
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	140
Buildings and Improvements	1,520
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	140
Buildings and Improvements	1,520
Total	1,660
Accumulated Depreciation	324
NBV	$ 1,336
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1614, Adare II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	110
Buildings and Improvements	537
Costs Capitalized Subsequent to Acquisition	(493)
Gross Amount Carried at Close of Period
Land and Improvements	94
Buildings and Improvements	60
Total	154
Accumulated Depreciation	154
NBV	$ 0
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1615, Adare IV
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	110
Buildings and Improvements	537
Costs Capitalized Subsequent to Acquisition	(503)
Gross Amount Carried at Close of Period
Land and Improvements	94
Buildings and Improvements	50
Total	144
Accumulated Depreciation	144
NBV	$ 0
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1616, Adare III
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	90
Buildings and Improvements	557
Costs Capitalized Subsequent to Acquisition	(493)
Gross Amount Carried at Close of Period
Land and Improvements	65
Buildings and Improvements	89
Total	154
Accumulated Depreciation	154
NBV	$ 0
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1617, Adare I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	90
Buildings and Improvements	557
Costs Capitalized Subsequent to Acquisition	(500)
Gross Amount Carried at Close of Period
Land and Improvements	74
Buildings and Improvements	73
Total	147
Accumulated Depreciation	147
NBV	$ 0
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7322, The Arboretum
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,640
Buildings and Improvements	49,083
Costs Capitalized Subsequent to Acquisition	1,813
Gross Amount Carried at Close of Period
Land and Improvements	5,640
Buildings and Improvements	50,896
Total	56,536
Accumulated Depreciation	10,640
NBV	$ 45,896
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1602, Matthews of Milwaukee I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,800
Buildings and Improvements	935
Costs Capitalized Subsequent to Acquisition	119
Gross Amount Carried at Close of Period
Land and Improvements	1,800
Buildings and Improvements	1,054
Total	2,854
Accumulated Depreciation	323
NBV	$ 2,531
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7327, Hart Park Square
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,900
Buildings and Improvements	21,628
Costs Capitalized Subsequent to Acquisition	34
Gross Amount Carried at Close of Period
Land and Improvements	1,900
Buildings and Improvements	21,662
Total	23,562
Accumulated Depreciation	4,462
NBV	$ 19,100
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7034, Harbor House Monroe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	490
Buildings and Improvements	4,964
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	490
Buildings and Improvements	4,964
Total	5,454
Accumulated Depreciation	1,018
NBV	$ 4,436
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1608, Matthews of Neenah
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	710
Buildings and Improvements	1,157
Costs Capitalized Subsequent to Acquisition	64
Gross Amount Carried at Close of Period
Land and Improvements	713
Buildings and Improvements	1,218
Total	1,931
Accumulated Depreciation	342
NBV	$ 1,589
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1609, Matthews of Neenah II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	720
Buildings and Improvements	2,339
Costs Capitalized Subsequent to Acquisition	(50)
Gross Amount Carried at Close of Period
Land and Improvements	720
Buildings and Improvements	2,289
Total	3,009
Accumulated Depreciation	583
NBV	$ 2,426
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1613, Matthews of Irish Road
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	320
Buildings and Improvements	1,036
Costs Capitalized Subsequent to Acquisition	87
Gross Amount Carried at Close of Period
Land and Improvements	320
Buildings and Improvements	1,123
Total	1,443
Accumulated Depreciation	322
NBV	$ 1,121
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1603, Matthews of Oak Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	800
Buildings and Improvements	2,167
Costs Capitalized Subsequent to Acquisition	(2)
Gross Amount Carried at Close of Period
Land and Improvements	812
Buildings and Improvements	2,153
Total	2,965
Accumulated Depreciation	515
NBV	$ 2,450
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7040, Harbor House Oconomowoc
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	400
Buildings and Improvements	1,596
Costs Capitalized Subsequent to Acquisition	4,674
Gross Amount Carried at Close of Period
Land and Improvements	709
Buildings and Improvements	5,961
Total	6,670
Accumulated Depreciation	497
NBV	$ 6,173
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7325, Wilkinson Woods of Oconomowoc
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,100
Buildings and Improvements	12,436
Costs Capitalized Subsequent to Acquisition	157
Gross Amount Carried at Close of Period
Land and Improvements	1,100
Buildings and Improvements	12,593
Total	13,693
Accumulated Depreciation	2,557
NBV	$ 11,136
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7036, Harbor House Oshkosh
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	190
Buildings and Improvements	949
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	190
Buildings and Improvements	949
Total	1,139
Accumulated Depreciation	256
NBV	$ 883
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7038, Harbor House Sheboygan
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,060
Buildings and Improvements	6,208
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,060
Buildings and Improvements	6,208
Total	7,268
Accumulated Depreciation	1,249
NBV	$ 6,019
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1604, Matthews of St. Francis I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,370
Buildings and Improvements	1,428
Costs Capitalized Subsequent to Acquisition	(113)
Gross Amount Carried at Close of Period
Land and Improvements	1,389
Buildings and Improvements	1,296
Total	2,685
Accumulated Depreciation	369
NBV	$ 2,316
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1605, Matthews of St. Francis II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,370
Buildings and Improvements	1,666
Costs Capitalized Subsequent to Acquisition	15
Gross Amount Carried at Close of Period
Land and Improvements	1,377
Buildings and Improvements	1,674
Total	3,051
Accumulated Depreciation	428
NBV	$ 2,623
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7324, Howard Village of St. Francis
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,320
Buildings and Improvements	17,232
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,320
Buildings and Improvements	17,232
Total	19,552
Accumulated Depreciation	3,628
NBV	$ 15,924
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7031, Harbor House Stoughton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	450
Buildings and Improvements	3,191
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	450
Buildings and Improvements	3,191
Total	3,641
Accumulated Depreciation	702
NBV	$ 2,939
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1607, Matthews of Pewaukee
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,180
Buildings and Improvements	4,124
Costs Capitalized Subsequent to Acquisition	206
Gross Amount Carried at Close of Period
Land and Improvements	1,197
Buildings and Improvements	4,313
Total	5,510
Accumulated Depreciation	1,060
NBV	$ 4,450
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7320, Oak Hill Terrace
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,040
Buildings and Improvements	40,298
Costs Capitalized Subsequent to Acquisition	440
Gross Amount Carried at Close of Period
Land and Improvements	2,040
Buildings and Improvements	40,738
Total	42,778
Accumulated Depreciation	8,320
NBV	$ 34,458
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7037, Harbor House Rib Mountain
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	350
Buildings and Improvements	3,413
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	350
Buildings and Improvements	3,413
Total	3,763
Accumulated Depreciation	707
NBV	$ 3,056
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7323, Library Square
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,160
Buildings and Improvements	23,714
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,160
Buildings and Improvements	23,714
Total	24,874
Accumulated Depreciation	4,868
NBV	$ 20,006
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1610, Matthews of Wrightstown
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	140
Buildings and Improvements	376
Costs Capitalized Subsequent to Acquisition	12
Gross Amount Carried at Close of Period
Land and Improvements	140
Buildings and Improvements	388
Total	528
Accumulated Depreciation	148
NBV	$ 380
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Madison House, 7315
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,291
Buildings and Improvements	26,787
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,291
Buildings and Improvements	26,787
Total	31,078
Accumulated Depreciation	755
NBV	$ 30,323
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Delaware Plaza, 7303
Real Estate and Accumulated Depreciation
Encumbrances	$ 4,189
Initial Cost to Company
Land and Improvements	620
Buildings and Improvements	5,116
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	620
Buildings and Improvements	5,116
Total	5,736
Accumulated Depreciation	142
NBV	$ 5,594
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Canterbury Gardens, 7304
Real Estate and Accumulated Depreciation
Encumbrances	$ 5,586
Initial Cost to Company
Land and Improvements	444
Buildings and Improvements	13,698
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	444
Buildings and Improvements	13,698
Total	14,142
Accumulated Depreciation	364
NBV	$ 13,778
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Canterbury Inn, 7305
Real Estate and Accumulated Depreciation
Encumbrances	$ 14,568
Initial Cost to Company
Land and Improvements	1,462
Buildings and Improvements	34,507
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,462
Buildings and Improvements	34,507
Total	35,969
Accumulated Depreciation	893
NBV	$ 35,076
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Canterbury Park, 7314
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	969
Buildings and Improvements	30,109
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	969
Buildings and Improvements	30,109
Total	31,078
Accumulated Depreciation	834
NBV	$ 30,244
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Cascade Inn, 7302
Real Estate and Accumulated Depreciation
Encumbrances	$ 12,378
Initial Cost to Company
Land and Improvements	3,201
Buildings and Improvements	18,996
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,201
Buildings and Improvements	18,996
Total	22,197
Accumulated Depreciation	535
NBV	$ 21,662
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | The Hampton & Ashley Inn, 7313
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,855
Buildings and Improvements	21,047
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,855
Buildings and Improvements	21,047
Total	22,902
Accumulated Depreciation	581
NBV	$ 22,321
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | The Hampton at Salmon Creek, 7317
Real Estate and Accumulated Depreciation
Encumbrances	$ 11,872
Initial Cost to Company
Land and Improvements	1,256
Buildings and Improvements	21,686
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,256
Buildings and Improvements	21,686
Total	22,942
Accumulated Depreciation	418
NBV	$ 22,524
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1711, Outlook Pointe at Teays Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,950
Buildings and Improvements	14,489
Costs Capitalized Subsequent to Acquisition	300
Gross Amount Carried at Close of Period
Land and Improvements	1,950
Buildings and Improvements	14,789
Total	16,739
Accumulated Depreciation	2,912
NBV	$ 13,827
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 3820, Elmcroft of Martinsburg
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	248
Buildings and Improvements	8,320
Costs Capitalized Subsequent to Acquisition	9
Gross Amount Carried at Close of Period
Land and Improvements	248
Buildings and Improvements	8,329
Total	8,577
Accumulated Depreciation	2,655
NBV	$ 5,922
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 7487, Garden Square Assisted Living of Casper
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	355
Buildings and Improvements	3,197
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	355
Buildings and Improvements	3,197
Total	3,552
Accumulated Depreciation	628
NBV	$ 2,924
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | 1425, Whispering Chase
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,800
Buildings and Improvements	20,354
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,800
Buildings and Improvements	20,354
Total	22,154
Accumulated Depreciation	2,904
NBV	$ 19,250
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Hampton Care, 7685 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,923
Buildings and Improvements	27,637
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,923
Buildings and Improvements	27,637
Total	31,560
Accumulated Depreciation	485
NBV	$ 31,075
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | Parkfield House Nursing Home, 7686
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,880
Buildings and Improvements	960
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,880
Buildings and Improvements	960
Total	2,840
Accumulated Depreciation	21
NBV	$ 2,819
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 7675, Ashridge Court
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,274
Buildings and Improvements	4,791
Costs Capitalized Subsequent to Acquisition	(587)
Gross Amount Carried at Close of Period
Land and Improvements	2,085
Buildings and Improvements	4,393
Total	6,478
Accumulated Depreciation	506
NBV	$ 5,972
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 7677, Inglewood Nursing Home
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,908
Buildings and Improvements	3,021
Costs Capitalized Subsequent to Acquisition	(409)
Gross Amount Carried at Close of Period
Land and Improvements	1,750
Buildings and Improvements	2,770
Total	4,520
Accumulated Depreciation	368
NBV	$ 4,152
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 7678, Pentlow Nursing Home
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,964
Buildings and Improvements	2,462
Costs Capitalized Subsequent to Acquisition	(367)
Gross Amount Carried at Close of Period
Land and Improvements	1,801
Buildings and Improvements	2,258
Total	4,059
Accumulated Depreciation	318
NBV	$ 3,741
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 7682, Willows Care Home
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,695
Buildings and Improvements	6,983
Costs Capitalized Subsequent to Acquisition	(970)
Gross Amount Carried at Close of Period
Land and Improvements	4,305
Buildings and Improvements	6,403
Total	10,708
Accumulated Depreciation	633
NBV	$ 10,075
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 7680, Cedars Care Home Essex
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,649
Buildings and Improvements	4,925
Costs Capitalized Subsequent to Acquisition	(628)
Gross Amount Carried at Close of Period
Land and Improvements	2,429
Buildings and Improvements	4,517
Total	6,946
Accumulated Depreciation	460
NBV	$ 6,486
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 7683, Mayflower Care Home
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,330
Buildings and Improvements	7,519
Costs Capitalized Subsequent to Acquisition	(983)
Gross Amount Carried at Close of Period
Land and Improvements	3,971
Buildings and Improvements	6,895
Total	10,866
Accumulated Depreciation	695
NBV	$ 10,171
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | 7684, Heathlands Care Home
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,398
Buildings and Improvements	7,967
Costs Capitalized Subsequent to Acquisition	(1,109)
Gross Amount Carried at Close of Period
Land and Improvements	4,950
Buildings and Improvements	7,306
Total	12,256
Accumulated Depreciation	744
NBV	$ 11,512
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party | Seniors Housing Communities | Avamere at St Helens, 1517
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,410
Buildings and Improvements	10,496
Costs Capitalized Subsequent to Acquisition	488
Gross Amount Carried at Close of Period
Land and Improvements	1,410
Buildings and Improvements	10,984
Total	12,394
Accumulated Depreciation	2,428
NBV	$ 9,966
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Flagstone Senior Living, 7017
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,631
Buildings and Improvements	17,786
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,631
Buildings and Improvements	17,786
Total	19,417
Accumulated Depreciation	1,867
NBV	$ 17,550
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of Allison Park, 3849
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,171
Buildings and Improvements	5,686
Costs Capitalized Subsequent to Acquisition	8
Gross Amount Carried at Close of Period
Land and Improvements	1,171
Buildings and Improvements	5,694
Total	6,865
Accumulated Depreciation	1,814
NBV	$ 5,051
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of Chippewa, 3853
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,394
Buildings and Improvements	8,586
Costs Capitalized Subsequent to Acquisition	5
Gross Amount Carried at Close of Period
Land and Improvements	1,394
Buildings and Improvements	8,591
Total	9,985
Accumulated Depreciation	2,740
NBV	$ 7,245
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of Berwick, 3851
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	111
Buildings and Improvements	6,741
Costs Capitalized Subsequent to Acquisition	4
Gross Amount Carried at Close of Period
Land and Improvements	111
Buildings and Improvements	6,745
Total	6,856
Accumulated Depreciation	2,151
NBV	$ 4,705
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Outlook Pointe at Lakemont, 1703
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,660
Buildings and Improvements	12,624
Costs Capitalized Subsequent to Acquisition	205
Gross Amount Carried at Close of Period
Land and Improvements	1,660
Buildings and Improvements	12,829
Total	14,489
Accumulated Depreciation	2,787
NBV	$ 11,702
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of Dillsburg, 3817
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	432
Buildings and Improvements	7,797
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	432
Buildings and Improvements	7,797
Total	8,229
Accumulated Depreciation	2,488
NBV	$ 5,741
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of Altoona, 3850
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	331
Buildings and Improvements	4,729
Costs Capitalized Subsequent to Acquisition	4
Gross Amount Carried at Close of Period
Land and Improvements	331
Buildings and Improvements	4,733
Total	5,064
Accumulated Depreciation	1,509
NBV	$ 3,555
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of Lebanon, 3818
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	240
Buildings and Improvements	7,336
Costs Capitalized Subsequent to Acquisition	4
Gross Amount Carried at Close of Period
Land and Improvements	240
Buildings and Improvements	7,340
Total	7,580
Accumulated Depreciation	2,341
NBV	$ 5,239
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Elmcroft of Lewisburg, 3854
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	232
Buildings and Improvements	5,666
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	232
Buildings and Improvements	5,666
Total	5,898
Accumulated Depreciation	1,808
NBV	$ 4,090
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party | Seniors Housing Communities | Lehigh Commons, 2502
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	420
Buildings and Improvements	4,406
Costs Capitalized Subsequent to Acquisition	450
Gross Amount Carried at Close of Period
Land and Improvements	420
Buildings and Improvements	4,856
Total	5,276
Accumulated Depreciation	2,504
NBV	$ 2,772
Life on Which Depreciation in Income Statement is Computed	30 years
Other Third Party | Seniors Housing Communities | Azura Memory Care of Oak Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	727
Buildings and Improvements	6,254
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	727
Buildings and Improvements	6,254
Total	6,981
Accumulated Depreciation	120
NBV	$ 6,861
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred | Skilled Nursing Facilities
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	47,061
Buildings and Improvements	404,512
Costs Capitalized Subsequent to Acquisition	1,415
Gross Amount Carried at Close of Period
Land and Improvements	47,061
Buildings and Improvements	405,927
Total	452,988
Accumulated Depreciation	222,482
NBV	230,506
Kindred | Skilled Nursing Facilities | 7280, Southern Arizona Rehab
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	770
Buildings and Improvements	25,589
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	770
Buildings and Improvements	25,589
Total	26,359
Accumulated Depreciation	4,920
NBV	$ 21,439
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred | Skilled Nursing Facilities | 4644, Kindred Hospital - Brea
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,144
Buildings and Improvements	2,611
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,144
Buildings and Improvements	2,611
Total	5,755
Accumulated Depreciation	1,467
NBV	$ 4,288
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred | Skilled Nursing Facilities | 4807, Kindred Hospital - Ontario
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	523
Buildings and Improvements	2,988
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	523
Buildings and Improvements	2,988
Total	3,511
Accumulated Depreciation	3,076
NBV	$ 435
Life on Which Depreciation in Income Statement is Computed	25 years
Kindred | Skilled Nursing Facilities | 4848, Kindred Hospital - San Diego
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	670
Buildings and Improvements	11,764
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	670
Buildings and Improvements	11,764
Total	12,434
Accumulated Depreciation	11,739
NBV	$ 695
Life on Which Depreciation in Income Statement is Computed	25 years
Kindred | Skilled Nursing Facilities | 4822, Kindred Hospital - San Francisco Bay Area
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,735
Buildings and Improvements	5,870
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,735
Buildings and Improvements	5,870
Total	8,605
Accumulated Depreciation	6,142
NBV	$ 2,463
Life on Which Depreciation in Income Statement is Computed	25 years
Kindred | Skilled Nursing Facilities | 4842, Kindred Hospital - Westminster
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	727
Buildings and Improvements	7,384
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	727
Buildings and Improvements	7,384
Total	8,111
Accumulated Depreciation	7,562
NBV	$ 549
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | 4665, Kindred Hospital - Denver
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	896
Buildings and Improvements	6,367
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	896
Buildings and Improvements	6,367
Total	7,263
Accumulated Depreciation	6,711
NBV	$ 552
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | 4602, Kindred Hospital - South Florida - Coral Gables
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,071
Buildings and Improvements	5,348
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,071
Buildings and Improvements	5,348
Total	6,419
Accumulated Depreciation	5,008
NBV	$ 1,411
Life on Which Depreciation in Income Statement is Computed	30 years
Kindred | Skilled Nursing Facilities | 4645, Kindred Hospital - South Florida Ft. Lauderdale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,758
Buildings and Improvements	14,080
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,758
Buildings and Improvements	14,080
Total	15,838
Accumulated Depreciation	13,973
NBV	$ 1,865
Life on Which Depreciation in Income Statement is Computed	30 years
Kindred | Skilled Nursing Facilities | 4652, Kindred Hospital - North Florida
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	145
Buildings and Improvements	4,613
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	145
Buildings and Improvements	4,613
Total	4,758
Accumulated Depreciation	4,642
NBV	$ 116
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | 4876, Kindred Hospital - South Florida - Hollywood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	605
Buildings and Improvements	5,229
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	605
Buildings and Improvements	5,229
Total	5,834
Accumulated Depreciation	5,234
NBV	$ 600
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | 4611, Kindred Hospital - Bay Area St. Petersburg
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,401
Buildings and Improvements	16,706
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,401
Buildings and Improvements	16,706
Total	18,107
Accumulated Depreciation	14,787
NBV	$ 3,320
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred | Skilled Nursing Facilities | 4674, Kindred Hospital - Central Tampa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,732
Buildings and Improvements	7,676
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,732
Buildings and Improvements	7,676
Total	10,408
Accumulated Depreciation	5,294
NBV	$ 5,114
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred | Skilled Nursing Facilities | Kindred Hospital - Chicago (North Campus), 4637
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,583
Buildings and Improvements	19,980
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,583
Buildings and Improvements	19,980
Total	21,563
Accumulated Depreciation	19,711
NBV	$ 1,852
Life on Which Depreciation in Income Statement is Computed	25 years
Kindred | Skilled Nursing Facilities | 4871, Kindred - Chicago - Lakeshore
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,513
Buildings and Improvements	9,525
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,513
Buildings and Improvements	9,525
Total	11,038
Accumulated Depreciation	9,474
NBV	$ 1,564
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | 4690, Kindred Hospital - Chicago (Northlake Campus)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	850
Buildings and Improvements	6,498
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	850
Buildings and Improvements	6,498
Total	7,348
Accumulated Depreciation	6,198
NBV	$ 1,150
Life on Which Depreciation in Income Statement is Computed	30 years
Kindred | Skilled Nursing Facilities | 4615, Kindred Hospital - Sycamore
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	77
Buildings and Improvements	8,549
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	77
Buildings and Improvements	8,549
Total	8,626
Accumulated Depreciation	8,297
NBV	$ 329
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | 4638, Kindred Hospital - Indianapolis
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	985
Buildings and Improvements	3,801
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	985
Buildings and Improvements	3,801
Total	4,786
Accumulated Depreciation	3,566
NBV	$ 1,220
Life on Which Depreciation in Income Statement is Computed	30 years
Kindred | Skilled Nursing Facilities | 4633, Kindred Hospital - Louisville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,041
Buildings and Improvements	12,279
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,041
Buildings and Improvements	12,279
Total	15,320
Accumulated Depreciation	12,536
NBV	$ 2,784
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | 4680, Kindred Hospital - St. Louis
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,126
Buildings and Improvements	2,087
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,126
Buildings and Improvements	2,087
Total	3,213
Accumulated Depreciation	1,948
NBV	$ 1,265
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred | Skilled Nursing Facilities | 4647, Kindred Hospital - Las Vegas (Sahara)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,110
Buildings and Improvements	2,177
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,110
Buildings and Improvements	2,177
Total	3,287
Accumulated Depreciation	1,448
NBV	$ 1,839
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred | Skilled Nursing Facilities | 4664, Kindred Hospital - Albuquerque
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	11
Buildings and Improvements	4,253
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	11
Buildings and Improvements	4,253
Total	4,264
Accumulated Depreciation	2,961
NBV	$ 1,303
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred | Skilled Nursing Facilities | 4662, Kindred Hospital - Greensboro
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,010
Buildings and Improvements	7,586
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,010
Buildings and Improvements	7,586
Total	8,596
Accumulated Depreciation	7,686
NBV	$ 910
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | University Hospitals Rehabilitation Hospital, 2725
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,800
Buildings and Improvements	16,444
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,800
Buildings and Improvements	16,444
Total	18,244
Accumulated Depreciation	2,236
NBV	$ 16,008
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred | Skilled Nursing Facilities | 4614, Kindred Hospital - Philadelphia
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	135
Buildings and Improvements	5,223
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	135
Buildings and Improvements	5,223
Total	5,358
Accumulated Depreciation	3,514
NBV	$ 1,844
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred | Skilled Nursing Facilities | Kindred Hospital - Chattanooga, 4628
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	756
Buildings and Improvements	4,415
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	756
Buildings and Improvements	4,415
Total	5,171
Accumulated Depreciation	4,176
NBV	$ 995
Life on Which Depreciation in Income Statement is Computed	22 years
Kindred | Skilled Nursing Facilities | 1940, Reliant Rehabilitation - Dallas
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,318
Buildings and Improvements	38,702
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,318
Buildings and Improvements	38,702
Total	41,020
Accumulated Depreciation	3,591
NBV	$ 37,429
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred | Skilled Nursing Facilities | Baylor Institute for Rehabilitation
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,071
Buildings and Improvements	16,018
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,071
Buildings and Improvements	16,018
Total	18,089
Accumulated Depreciation	1,613
NBV	$ 16,476
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred | Skilled Nursing Facilities | Kindred Hospital - Tarrant County (Fort Worth Southwest), 4653
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,342
Buildings and Improvements	7,458
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,342
Buildings and Improvements	7,458
Total	9,800
Accumulated Depreciation	7,505
NBV	$ 2,295
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | Rehabilitation Hospital The Vintage
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,838
Buildings and Improvements	34,832
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,838
Buildings and Improvements	34,832
Total	36,670
Accumulated Depreciation	3,390
NBV	$ 33,280
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred | Skilled Nursing Facilities | Kindred Hospital (Houston Northwest), 4654
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,699
Buildings and Improvements	6,788
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,699
Buildings and Improvements	6,788
Total	8,487
Accumulated Depreciation	5,778
NBV	$ 2,709
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred | Skilled Nursing Facilities | 4685, Kindred Hospital - Houston
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	33
Buildings and Improvements	7,062
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	33
Buildings and Improvements	7,062
Total	7,095
Accumulated Depreciation	6,667
NBV	$ 428
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred | Skilled Nursing Facilities | Kindred Hospital - Mansfield, 4660
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	267
Buildings and Improvements	2,462
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	267
Buildings and Improvements	2,462
Total	2,729
Accumulated Depreciation	2,015
NBV	$ 714
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred | Skilled Nursing Facilities | Select Rehabilitation San Antonio
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,859
Buildings and Improvements	18,301
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,859
Buildings and Improvements	18,301
Total	20,160
Accumulated Depreciation	1,807
NBV	$ 18,353
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred | Skilled Nursing Facilities | Kindred Hospital - San Antonio, 4635
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	249
Buildings and Improvements	11,413
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	249
Buildings and Improvements	11,413
Total	11,662
Accumulated Depreciation	9,533
NBV	$ 2,129
Life on Which Depreciation in Income Statement is Computed	30 years
Kindred | Skilled Nursing Facilities | 7281, HealthSouth Rehabilitation Hospital
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,810
Buildings and Improvements	25,248
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,810
Buildings and Improvements	25,248
Total	28,058
Accumulated Depreciation	4,948
NBV	$ 23,110
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred | Skilled Nursing Facilities | 2551, Lovelace Rehabilitation Hospital - New Mexico
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	401
Buildings and Improvements	17,186
Costs Capitalized Subsequent to Acquisition	1,415
Gross Amount Carried at Close of Period
Land and Improvements	401
Buildings and Improvements	18,601
Total	19,002
Accumulated Depreciation	1,329
NBV	$ 17,673
Life on Which Depreciation in Income Statement is Computed	36 years
Non-kindred | Skilled Nursing Facilities
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	13,144
Buildings and Improvements	186,804
Costs Capitalized Subsequent to Acquisition	2,953
Gross Amount Carried at Close of Period
Land and Improvements	13,144
Buildings and Improvements	189,757
Total	202,901
Accumulated Depreciation	62,879
NBV	140,022
Non-kindred | Skilled Nursing Facilities | 0744, Cherry Hills Health Care Center
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	241
Buildings and Improvements	2,180
Costs Capitalized Subsequent to Acquisition	194
Gross Amount Carried at Close of Period
Land and Improvements	241
Buildings and Improvements	2,374
Total	2,615
Accumulated Depreciation	2,015
NBV	$ 600
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred | Skilled Nursing Facilities | 2437, Brookdale Lisle SNF
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	730
Buildings and Improvements	9,270
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	730
Buildings and Improvements	9,270
Total	10,000
Accumulated Depreciation	2,863
NBV	$ 7,137
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred | Skilled Nursing Facilities | 2505, Lopatcong Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,490
Buildings and Improvements	12,336
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,490
Buildings and Improvements	12,336
Total	13,826
Accumulated Depreciation	6,031
NBV	$ 7,795
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred | Skilled Nursing Facilities | 3920, Marietta Convalescent Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	158
Buildings and Improvements	3,266
Costs Capitalized Subsequent to Acquisition	75
Gross Amount Carried at Close of Period
Land and Improvements	158
Buildings and Improvements	3,341
Total	3,499
Accumulated Depreciation	3,288
NBV	$ 211
Life on Which Depreciation in Income Statement is Computed	25 years
Non-kindred | Skilled Nursing Facilities | 2507, The Belvedere
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	822
Buildings and Improvements	7,203
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	822
Buildings and Improvements	7,203
Total	8,025
Accumulated Depreciation	3,511
NBV	$ 4,514
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred | Skilled Nursing Facilities | 2509, Pennsburg Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,091
Buildings and Improvements	7,871
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,091
Buildings and Improvements	7,871
Total	8,962
Accumulated Depreciation	3,889
NBV	$ 5,073
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred | Skilled Nursing Facilities | 2508, Chapel Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,595
Buildings and Improvements	13,982
Costs Capitalized Subsequent to Acquisition	1,358
Gross Amount Carried at Close of Period
Land and Improvements	1,595
Buildings and Improvements	15,340
Total	16,935
Accumulated Depreciation	7,805
NBV	$ 9,130
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred | Skilled Nursing Facilities | 2506, Wayne Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	662
Buildings and Improvements	6,872
Costs Capitalized Subsequent to Acquisition	850
Gross Amount Carried at Close of Period
Land and Improvements	662
Buildings and Improvements	7,722
Total	8,384
Accumulated Depreciation	4,148
NBV	$ 4,236
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred | Skilled Nursing Facilities | 3924, Everett Rehabilitation & Care
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,750
Buildings and Improvements	27,337
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,750
Buildings and Improvements	27,337
Total	30,087
Accumulated Depreciation	5,456
NBV	$ 24,631
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred | Skilled Nursing Facilities | 0127, Northwest Continuum Care Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	145
Buildings and Improvements	2,563
Costs Capitalized Subsequent to Acquisition	171
Gross Amount Carried at Close of Period
Land and Improvements	145
Buildings and Improvements	2,734
Total	2,879
Accumulated Depreciation	2,377
NBV	$ 502
Life on Which Depreciation in Income Statement is Computed	29 years
Non-kindred | Skilled Nursing Facilities | 3921, SunRise Care & Rehab Moses Lake
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	660
Buildings and Improvements	17,439
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	660
Buildings and Improvements	17,439
Total	18,099
Accumulated Depreciation	3,564
NBV	$ 14,535
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred | Skilled Nursing Facilities | 3922, SunRise Care & Rehab Lake Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	660
Buildings and Improvements	8,866
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	660
Buildings and Improvements	8,866
Total	9,526
Accumulated Depreciation	1,886
NBV	$ 7,640
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred | Skilled Nursing Facilities | 0165, Rainier Vista Care Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	520
Buildings and Improvements	4,780
Costs Capitalized Subsequent to Acquisition	305
Gross Amount Carried at Close of Period
Land and Improvements	520
Buildings and Improvements	5,085
Total	5,605
Accumulated Depreciation	3,355
NBV	$ 2,250
Life on Which Depreciation in Income Statement is Computed	40 years
Non-kindred | Skilled Nursing Facilities | 2513, Logan Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	300
Buildings and Improvements	12,959
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	300
Buildings and Improvements	12,959
Total	13,259
Accumulated Depreciation	2,597
NBV	$ 10,662
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred | Skilled Nursing Facilities | 2514, Ravenswood Healthcare Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	320
Buildings and Improvements	12,710
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	320
Buildings and Improvements	12,710
Total	13,030
Accumulated Depreciation	2,556
NBV	$ 10,474
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred | Skilled Nursing Facilities | 2512, Valley Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	750
Buildings and Improvements	24,115
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	750
Buildings and Improvements	24,115
Total	24,865
Accumulated Depreciation	4,897
NBV	$ 19,968
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred | Skilled Nursing Facilities | 2515, White Sulphur
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	250
Buildings and Improvements	13,055
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	250
Buildings and Improvements	13,055
Total	13,305
Accumulated Depreciation	2,641
NBV	$ 10,664
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	$ 199,135
Initial Cost to Company
Land and Improvements	185,427
Buildings and Improvements	1,768,730
Costs Capitalized Subsequent to Acquisition	79,303
Gross Amount Carried at Close of Period
Land and Improvements	186,298
Buildings and Improvements	1,847,162
Total	2,033,460
Accumulated Depreciation	655,647
NBV	$ 1,377,813
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Sterling House of Richmond, 3232
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	495
Buildings and Improvements	4,124
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	495
Buildings and Improvements	4,124
Total	4,619
Accumulated Depreciation	1,773
NBV	$ 2,846
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Sterling House of Derby, 3273
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	440
Buildings and Improvements	4,422
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	440
Buildings and Improvements	4,422
Total	4,862
Accumulated Depreciation	911
NBV	$ 3,951
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Clare Bridge of Leawood, 3216
Real Estate and Accumulated Depreciation
Encumbrances	$ 3,463
Initial Cost to Company
Land and Improvements	117
Buildings and Improvements	5,127
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	117
Buildings and Improvements	5,127
Total	5,244
Accumulated Depreciation	2,205
NBV	$ 3,039
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Sterling House of Salina II, 2451
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	300
Buildings and Improvements	5,657
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	300
Buildings and Improvements	5,657
Total	5,957
Accumulated Depreciation	1,166
NBV	$ 4,791
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Clare Bridge Cottage of Topeka, 3237
Real Estate and Accumulated Depreciation
Encumbrances	$ 4,638
Initial Cost to Company
Land and Improvements	370
Buildings and Improvements	6,825
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	370
Buildings and Improvements	6,825
Total	7,195
Accumulated Depreciation	2,935
NBV	$ 4,260
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Sterling House of Wellington, 3274
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	310
Buildings and Improvements	2,434
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	310
Buildings and Improvements	2,434
Total	2,744
Accumulated Depreciation	542
NBV	$ 2,202
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Emeritus At Farm Pond, 2805
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,819
Buildings and Improvements	33,361
Costs Capitalized Subsequent to Acquisition	2,430
Gross Amount Carried at Close of Period
Land and Improvements	5,819
Buildings and Improvements	35,791
Total	41,610
Accumulated Depreciation	13,440
NBV	$ 28,170
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Emeritus At Cape Cod, Whitehall Estate, 2806
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,277
Buildings and Improvements	9,063
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,277
Buildings and Improvements	9,063
Total	10,340
Accumulated Depreciation	3,363
NBV	$ 6,977
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | River Bay Club, 2425
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,101
Buildings and Improvements	57,862
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	6,101
Buildings and Improvements	57,862
Total	63,963
Accumulated Depreciation	24,877
NBV	$ 39,086
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Woven Hearts of Davison, 3252
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	160
Buildings and Improvements	3,189
Costs Capitalized Subsequent to Acquisition	2,543
Gross Amount Carried at Close of Period
Land and Improvements	160
Buildings and Improvements	5,732
Total	5,892
Accumulated Depreciation	1,630
NBV	$ 4,262
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Clare Bridge of Delta Charter, 3253
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	730
Buildings and Improvements	11,471
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	730
Buildings and Improvements	11,471
Total	12,201
Accumulated Depreciation	2,283
NBV	$ 9,918
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Woven Hearts of Delta Charter, 3257
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	820
Buildings and Improvements	3,313
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	820
Buildings and Improvements	3,313
Total	4,133
Accumulated Depreciation	922
NBV	$ 3,211
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2466, Sterling House of Chandler
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,000
Buildings and Improvements	6,538
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,000
Buildings and Improvements	6,538
Total	8,538
Accumulated Depreciation	1,418
NBV	$ 7,120
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2424, The Springs of East Mesa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,747
Buildings and Improvements	24,918
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,747
Buildings and Improvements	24,918
Total	27,665
Accumulated Depreciation	10,793
NBV	$ 16,872
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3219, Sterling House of Mesa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	655
Buildings and Improvements	6,998
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	655
Buildings and Improvements	6,998
Total	7,653
Accumulated Depreciation	3,009
NBV	$ 4,644
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3225, Clare Bridge of Oro Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	666
Buildings and Improvements	6,169
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	666
Buildings and Improvements	6,169
Total	6,835
Accumulated Depreciation	2,653
NBV	$ 4,182
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3227, Sterling House of Peoria
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	598
Buildings and Improvements	4,872
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	598
Buildings and Improvements	4,872
Total	5,470
Accumulated Depreciation	2,095
NBV	$ 3,375
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3236, Clare Bridge of Tempe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	611
Buildings and Improvements	4,066
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	611
Buildings and Improvements	4,066
Total	4,677
Accumulated Depreciation	1,748
NBV	$ 2,929
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3238, Sterling House on East Speedway
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	506
Buildings and Improvements	4,745
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	506
Buildings and Improvements	4,745
Total	5,251
Accumulated Depreciation	2,040
NBV	$ 3,211
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2803, Emeritus at Fairwood Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,464
Buildings and Improvements	7,908
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,464
Buildings and Improvements	7,908
Total	10,372
Accumulated Depreciation	3,148
NBV	$ 7,224
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2426, Woodside Terrace
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7,669
Buildings and Improvements	66,691
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,669
Buildings and Improvements	66,691
Total	74,360
Accumulated Depreciation	29,097
NBV	$ 45,263
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2428, The Atrium
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,240
Buildings and Improvements	66,329
Costs Capitalized Subsequent to Acquisition	12,838
Gross Amount Carried at Close of Period
Land and Improvements	6,240
Buildings and Improvements	79,167
Total	85,407
Accumulated Depreciation	29,510
NBV	$ 55,897
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2429, Brookdale Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,288
Buildings and Improvements	36,204
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,288
Buildings and Improvements	36,204
Total	40,492
Accumulated Depreciation	15,879
NBV	$ 24,613
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2804, Emeritus at Heritage Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,110
Buildings and Improvements	13,296
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,110
Buildings and Improvements	13,296
Total	14,406
Accumulated Depreciation	4,974
NBV	$ 9,432
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2438, Ridge Point Assisted Living Inn
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,290
Buildings and Improvements	20,683
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,290
Buildings and Improvements	20,683
Total	21,973
Accumulated Depreciation	4,217
NBV	$ 17,756
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3206, Wynwood of Colorado Springs
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	715
Buildings and Improvements	9,279
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	715
Buildings and Improvements	9,279
Total	9,994
Accumulated Depreciation	3,990
NBV	$ 6,004
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3220, Wynwood of Pueblo
Real Estate and Accumulated Depreciation
Encumbrances	$ 4,773
Initial Cost to Company
Land and Improvements	840
Buildings and Improvements	9,403
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	840
Buildings and Improvements	9,403
Total	10,243
Accumulated Depreciation	4,043
NBV	$ 6,200
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2420, The Gables at Farmington
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,995
Buildings and Improvements	36,310
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,995
Buildings and Improvements	36,310
Total	40,305
Accumulated Depreciation	15,722
NBV	$ 24,583
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2802, Emeritus at South Windsor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,187
Buildings and Improvements	12,682
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,187
Buildings and Improvements	12,682
Total	14,869
Accumulated Depreciation	5,004
NBV	$ 9,865
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2435, Chatfield
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,493
Buildings and Improvements	22,833
Costs Capitalized Subsequent to Acquisition	22,296
Gross Amount Carried at Close of Period
Land and Improvements	2,493
Buildings and Improvements	45,129
Total	47,622
Accumulated Depreciation	10,806
NBV	$ 36,816
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2807, Sterling House of Salina II Bonita
Real Estate and Accumulated Depreciation
Encumbrances	$ 8,599
Initial Cost to Company
Land and Improvements	1,540
Buildings and Improvements	10,783
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,540
Buildings and Improvements	10,783
Total	12,323
Accumulated Depreciation	4,580
NBV	$ 7,743
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2808, Emeritus at Boynton Beach
Real Estate and Accumulated Depreciation
Encumbrances	$ 13,178
Initial Cost to Company
Land and Improvements	2,317
Buildings and Improvements	16,218
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,317
Buildings and Improvements	16,218
Total	18,535
Accumulated Depreciation	6,731
NBV	$ 11,804
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2809, Emeritus at Deer Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,399
Buildings and Improvements	9,791
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,399
Buildings and Improvements	9,791
Total	11,190
Accumulated Depreciation	4,369
NBV	$ 6,821
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3258, Clare Bridge of Ft. Myers
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,510
Buildings and Improvements	7,862
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,510
Buildings and Improvements	7,862
Total	9,372
Accumulated Depreciation	1,587
NBV	$ 7,785
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2458, Sterling House of Merrimac
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	860
Buildings and Improvements	16,745
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	860
Buildings and Improvements	16,745
Total	17,605
Accumulated Depreciation	3,264
NBV	$ 14,341
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3260, Clare Bridge of Jacksonville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,300
Buildings and Improvements	9,659
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,300
Buildings and Improvements	9,659
Total	10,959
Accumulated Depreciation	1,927
NBV	$ 9,032
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2810, Emeritus at Jensen Beach
Real Estate and Accumulated Depreciation
Encumbrances	$ 11,825
Initial Cost to Company
Land and Improvements	1,831
Buildings and Improvements	12,820
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,831
Buildings and Improvements	12,820
Total	14,651
Accumulated Depreciation	5,431
NBV	$ 9,220
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3259, Sterling House of Ormond Beach
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,660
Buildings and Improvements	9,738
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,660
Buildings and Improvements	9,738
Total	11,398
Accumulated Depreciation	1,957
NBV	$ 9,441
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2460, Sterling House of Palm Coast
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	470
Buildings and Improvements	9,187
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	470
Buildings and Improvements	9,187
Total	9,657
Accumulated Depreciation	1,861
NBV	$ 7,796
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3226, Sterling House of Pensacola
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	633
Buildings and Improvements	6,087
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	633
Buildings and Improvements	6,087
Total	6,720
Accumulated Depreciation	2,617
NBV	$ 4,103
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2461, Sterling House of Englewood (FL)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,740
Buildings and Improvements	4,331
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,740
Buildings and Improvements	4,331
Total	6,071
Accumulated Depreciation	1,043
NBV	$ 5,028
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3235, Clare Bridge of Tallahassee
Real Estate and Accumulated Depreciation
Encumbrances	$ 4,239
Initial Cost to Company
Land and Improvements	667
Buildings and Improvements	6,168
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	667
Buildings and Improvements	6,168
Total	6,835
Accumulated Depreciation	2,652
NBV	$ 4,183
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2452, Sterling House of Tavares
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	280
Buildings and Improvements	15,980
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	280
Buildings and Improvements	15,980
Total	16,260
Accumulated Depreciation	3,129
NBV	$ 13,131
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3241, Clare Bridge of West Melbourne
Real Estate and Accumulated Depreciation
Encumbrances	$ 6,041
Initial Cost to Company
Land and Improvements	586
Buildings and Improvements	5,481
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	586
Buildings and Improvements	5,481
Total	6,067
Accumulated Depreciation	2,357
NBV	$ 3,710
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2436, The Classic at West Palm Beach
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,758
Buildings and Improvements	33,072
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,758
Buildings and Improvements	33,072
Total	36,830
Accumulated Depreciation	14,400
NBV	$ 22,430
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3245, Clare Bridge Cottage of Winter Haven
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	232
Buildings and Improvements	3,006
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	232
Buildings and Improvements	3,006
Total	3,238
Accumulated Depreciation	1,293
NBV	$ 1,945
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3246, Sterling House of Winter Haven
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	438
Buildings and Improvements	5,549
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	438
Buildings and Improvements	5,549
Total	5,987
Accumulated Depreciation	2,386
NBV	$ 3,601
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3239, Wynwood of Twin Falls
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	703
Buildings and Improvements	6,153
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	703
Buildings and Improvements	6,153
Total	6,856
Accumulated Depreciation	2,646
NBV	$ 4,210
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2416, The Hallmark
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	11,057
Buildings and Improvements	107,517
Costs Capitalized Subsequent to Acquisition	3,266
Gross Amount Carried at Close of Period
Land and Improvements	11,057
Buildings and Improvements	110,783
Total	121,840
Accumulated Depreciation	47,637
NBV	$ 74,203
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2417, The Kenwood of Lake View
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,072
Buildings and Improvements	26,668
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,072
Buildings and Improvements	26,668
Total	29,740
Accumulated Depreciation	11,639
NBV	$ 18,101
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2418, The Heritage
Real Estate and Accumulated Depreciation
Encumbrances	$ 32,000
Initial Cost to Company
Land and Improvements	6,871
Buildings and Improvements	60,165
Costs Capitalized Subsequent to Acquisition	(41)
Gross Amount Carried at Close of Period
Land and Improvements	6,805
Buildings and Improvements	60,190
Total	66,995
Accumulated Depreciation	26,219
NBV	$ 40,776
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2421, Devonshire of Hoffman Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,886
Buildings and Improvements	44,130
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,886
Buildings and Improvements	44,130
Total	48,016
Accumulated Depreciation	18,461
NBV	$ 29,555
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2423, The Devonshire
Real Estate and Accumulated Depreciation
Encumbrances	$ 33,000
Initial Cost to Company
Land and Improvements	7,953
Buildings and Improvements	70,400
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,953
Buildings and Improvements	70,400
Total	78,353
Accumulated Depreciation	30,621
NBV	$ 47,732
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2415, Seasons at Glenview
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,988
Buildings and Improvements	39,762
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,988
Buildings and Improvements	39,762
Total	41,750
Accumulated Depreciation	16,011
NBV	$ 25,739
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2432, Hawthorn Lakes
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,439
Buildings and Improvements	35,044
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,439
Buildings and Improvements	35,044
Total	39,483
Accumulated Depreciation	15,563
NBV	$ 23,920
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2433, The Willows
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,147
Buildings and Improvements	10,041
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,147
Buildings and Improvements	10,041
Total	11,188
Accumulated Depreciation	4,376
NBV	$ 6,812
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3209, Sterling House of Evansville
Real Estate and Accumulated Depreciation
Encumbrances	$ 3,401
Initial Cost to Company
Land and Improvements	357
Buildings and Improvements	3,765
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	357
Buildings and Improvements	3,765
Total	4,122
Accumulated Depreciation	1,619
NBV	$ 2,503
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2422, Berkshire of Castleton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,280
Buildings and Improvements	11,515
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,280
Buildings and Improvements	11,515
Total	12,795
Accumulated Depreciation	4,994
NBV	$ 7,801
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3218, Sterling House of Marion
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	207
Buildings and Improvements	3,570
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	207
Buildings and Improvements	3,570
Total	3,777
Accumulated Depreciation	1,535
NBV	$ 2,242
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Sterling House of Portage, 3230
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	128
Buildings and Improvements	3,649
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	128
Buildings and Improvements	3,649
Total	3,777
Accumulated Depreciation	1,569
NBV	2,208
Brookdale Senior Living | Seniors Housing Communities | 3248, Clare Bridge of Farmington Hills II
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	700
Buildings and Improvements	10,246
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	700
Buildings and Improvements	10,246
Total	10,946
Accumulated Depreciation	2,370
NBV	$ 8,576
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3250, Wynwood of Meridian Lansing II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,340
Buildings and Improvements	6,134
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,340
Buildings and Improvements	6,134
Total	7,474
Accumulated Depreciation	1,351
NBV	$ 6,123
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3254, Clare Bridge of Grand Blanc I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	450
Buildings and Improvements	12,373
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	450
Buildings and Improvements	12,373
Total	12,823
Accumulated Depreciation	2,469
NBV	$ 10,354
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3255, Wynwood of Grand Blanc II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	620
Buildings and Improvements	14,627
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	620
Buildings and Improvements	14,627
Total	15,247
Accumulated Depreciation	2,944
NBV	$ 12,303
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3224, Wynwood of Northville
Real Estate and Accumulated Depreciation
Encumbrances	$ 6,820
Initial Cost to Company
Land and Improvements	407
Buildings and Improvements	6,068
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	407
Buildings and Improvements	6,068
Total	6,475
Accumulated Depreciation	2,609
NBV	$ 3,866
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3251, Clare Bridge of Troy I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	630
Buildings and Improvements	17,178
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	630
Buildings and Improvements	17,178
Total	17,808
Accumulated Depreciation	3,394
NBV	$ 14,414
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3256, Wynwood of Troy II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	950
Buildings and Improvements	12,503
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	950
Buildings and Improvements	12,503
Total	13,453
Accumulated Depreciation	2,634
NBV	$ 10,819
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3240, Wynwood of Utica
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,142
Buildings and Improvements	11,808
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,142
Buildings and Improvements	11,808
Total	12,950
Accumulated Depreciation	5,077
NBV	$ 7,873
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3249, Clare Bridge of Utica
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	700
Buildings and Improvements	8,657
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	700
Buildings and Improvements	8,657
Total	9,357
Accumulated Depreciation	1,837
NBV	$ 7,520
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3208, Clare Bridge of Eden Prairie
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	301
Buildings and Improvements	6,228
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	301
Buildings and Improvements	6,228
Total	6,529
Accumulated Depreciation	2,678
NBV	$ 3,851
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3270, Woven Hearts of Faribault
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	530
Buildings and Improvements	1,085
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	530
Buildings and Improvements	1,085
Total	1,615
Accumulated Depreciation	275
NBV	$ 1,340
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3211, Sterling House of Inver Grove Heights
Real Estate and Accumulated Depreciation
Encumbrances	$ 2,716
Initial Cost to Company
Land and Improvements	253
Buildings and Improvements	2,655
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	253
Buildings and Improvements	2,655
Total	2,908
Accumulated Depreciation	1,142
NBV	$ 1,766
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3265, Woven Hearts of Mankato
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	490
Buildings and Improvements	410
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	490
Buildings and Improvements	410
Total	900
Accumulated Depreciation	195
NBV	$ 705
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2419, Edina Park Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,040
Initial Cost to Company
Land and Improvements	3,621
Buildings and Improvements	33,141
Costs Capitalized Subsequent to Acquisition	22,975
Gross Amount Carried at Close of Period
Land and Improvements	3,621
Buildings and Improvements	56,116
Total	59,737
Accumulated Depreciation	16,010
NBV	$ 43,727
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3223, Clare Bridge of North Oaks
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,057
Buildings and Improvements	8,296
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,057
Buildings and Improvements	8,296
Total	9,353
Accumulated Depreciation	3,567
NBV	$ 5,786
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3229, Clare Bridge of Plymouth
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	679
Buildings and Improvements	8,675
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	679
Buildings and Improvements	8,675
Total	9,354
Accumulated Depreciation	3,730
NBV	$ 5,624
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3269, Woven Hearts of Wilmar
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	470
Buildings and Improvements	4,833
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	470
Buildings and Improvements	4,833
Total	5,303
Accumulated Depreciation	971
NBV	$ 4,332
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3267, Woven Hearts of Winona
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	800
Buildings and Improvements	1,390
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	800
Buildings and Improvements	1,390
Total	2,190
Accumulated Depreciation	565
NBV	$ 1,625
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 5075, The Solana West County
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,100
Buildings and Improvements	35,074
Costs Capitalized Subsequent to Acquisition	51
Gross Amount Carried at Close of Period
Land and Improvements	3,104
Buildings and Improvements	35,121
Total	38,225
Accumulated Depreciation	3,873
NBV	$ 34,352
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3204, Clare Bridge of Cary
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	724
Buildings and Improvements	6,466
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	724
Buildings and Improvements	6,466
Total	7,190
Accumulated Depreciation	2,780
NBV	$ 4,410
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2465, Sterling House of Hickory
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	330
Buildings and Improvements	10,981
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	330
Buildings and Improvements	10,981
Total	11,311
Accumulated Depreciation	2,187
NBV	$ 9,124
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3244, Clare Bridge of Winston-Salem
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	368
Buildings and Improvements	3,497
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	368
Buildings and Improvements	3,497
Total	3,865
Accumulated Depreciation	1,504
NBV	$ 2,361
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2434, Brendenwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,158
Buildings and Improvements	29,909
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,158
Buildings and Improvements	29,909
Total	33,067
Accumulated Depreciation	12,861
NBV	$ 20,206
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3242, Clare Bridge of Westampton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	881
Buildings and Improvements	4,741
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	881
Buildings and Improvements	4,741
Total	5,622
Accumulated Depreciation	2,039
NBV	$ 3,583
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2430, Ponce de Leon
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	28,178
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	28,178
Total	28,178
Accumulated Depreciation	11,878
NBV	$ 16,300
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3212, Wynwood of Kenmore
Real Estate and Accumulated Depreciation
Encumbrances	$ 12,716
Initial Cost to Company
Land and Improvements	1,487
Buildings and Improvements	15,170
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,487
Buildings and Improvements	15,170
Total	16,657
Accumulated Depreciation	6,523
NBV	$ 10,134
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3205, Villas of Sherman Brook
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	947
Buildings and Improvements	7,528
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	947
Buildings and Improvements	7,528
Total	8,475
Accumulated Depreciation	3,237
NBV	$ 5,238
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3261, Wynwood of Liberty (Manlius)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	890
Buildings and Improvements	28,237
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	890
Buildings and Improvements	28,237
Total	29,127
Accumulated Depreciation	5,530
NBV	$ 23,597
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3228, Clare Bridge of Perinton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	611
Buildings and Improvements	4,066
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	611
Buildings and Improvements	4,066
Total	4,677
Accumulated Depreciation	1,748
NBV	$ 2,929
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3221, Clare Bridge of Niskayuna
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,021
Buildings and Improvements	8,333
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,021
Buildings and Improvements	8,333
Total	9,354
Accumulated Depreciation	3,583
NBV	$ 5,771
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3222, Wynwood of Niskayuna
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,895
Initial Cost to Company
Land and Improvements	1,884
Buildings and Improvements	16,103
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,884
Buildings and Improvements	16,103
Total	17,987
Accumulated Depreciation	6,924
NBV	$ 11,063
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3234, Villas of Summerfield
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,132
Buildings and Improvements	11,434
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,132
Buildings and Improvements	11,434
Total	12,566
Accumulated Depreciation	4,916
NBV	$ 7,650
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3243, Clare Bridge of Williamsville
Real Estate and Accumulated Depreciation
Encumbrances	$ 6,574
Initial Cost to Company
Land and Improvements	839
Buildings and Improvements	3,841
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	839
Buildings and Improvements	3,841
Total	4,680
Accumulated Depreciation	1,652
NBV	$ 3,028
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3200, Sterling House of Alliance
Real Estate and Accumulated Depreciation
Encumbrances	$ 2,130
Initial Cost to Company
Land and Improvements	392
Buildings and Improvements	6,283
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	392
Buildings and Improvements	6,283
Total	6,675
Accumulated Depreciation	2,702
NBV	$ 3,973
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3201, Clare Bridge Cottage of Austintown
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	151
Buildings and Improvements	3,087
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	151
Buildings and Improvements	3,087
Total	3,238
Accumulated Depreciation	1,327
NBV	$ 1,911
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3275, Sterling House of Barberton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	440
Buildings and Improvements	10,884
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	440
Buildings and Improvements	10,884
Total	11,324
Accumulated Depreciation	2,169
NBV	$ 9,155
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3202, Sterling House of Beaver Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	587
Buildings and Improvements	5,381
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	587
Buildings and Improvements	5,381
Total	5,968
Accumulated Depreciation	2,314
NBV	$ 3,654
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3276, Sterling House of Englewood (OH)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	630
Buildings and Improvements	6,477
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	630
Buildings and Improvements	6,477
Total	7,107
Accumulated Depreciation	1,351
NBV	$ 5,756
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3207, Sterling House of Westerville
Real Estate and Accumulated Depreciation
Encumbrances	$ 1,768
Initial Cost to Company
Land and Improvements	267
Buildings and Improvements	3,600
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	267
Buildings and Improvements	3,600
Total	3,867
Accumulated Depreciation	1,548
NBV	$ 2,319
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2455, Sterling House of Greenville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	490
Buildings and Improvements	4,144
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	490
Buildings and Improvements	4,144
Total	4,634
Accumulated Depreciation	993
NBV	$ 3,641
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3277, Sterling House of Marion
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	620
Buildings and Improvements	3,306
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	620
Buildings and Improvements	3,306
Total	3,926
Accumulated Depreciation	769
NBV	$ 3,157
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3233, Sterling House of Salem
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	634
Buildings and Improvements	4,659
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	634
Buildings and Improvements	4,659
Total	5,293
Accumulated Depreciation	2,003
NBV	$ 3,290
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2459, Sterling House of Springdale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,140
Buildings and Improvements	9,134
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,140
Buildings and Improvements	9,134
Total	10,274
Accumulated Depreciation	1,844
NBV	$ 8,430
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3278, Sterling House of Bartlesville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	250
Buildings and Improvements	10,529
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	250
Buildings and Improvements	10,529
Total	10,779
Accumulated Depreciation	2,073
NBV	$ 8,706
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3279, Sterling House of Bethany
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	390
Buildings and Improvements	1,499
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	390
Buildings and Improvements	1,499
Total	1,889
Accumulated Depreciation	374
NBV	$ 1,515
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2450, Sterling House of Broken Arrow
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	940
Buildings and Improvements	6,312
Costs Capitalized Subsequent to Acquisition	6,410
Gross Amount Carried at Close of Period
Land and Improvements	1,873
Buildings and Improvements	11,789
Total	13,662
Accumulated Depreciation	2,436
NBV	$ 11,226
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2439, Forest Grove Residential Community
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,320
Buildings and Improvements	9,633
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,320
Buildings and Improvements	9,633
Total	11,953
Accumulated Depreciation	2,118
NBV	$ 9,835
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2440, The Heritage at Mt. Hood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,410
Buildings and Improvements	9,093
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,410
Buildings and Improvements	9,093
Total	11,503
Accumulated Depreciation	2,001
NBV	$ 9,502
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2441, McMinnville Residential Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 1,051
Initial Cost to Company
Land and Improvements	1,230
Buildings and Improvements	7,561
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,230
Buildings and Improvements	7,561
Total	8,791
Accumulated Depreciation	1,837
NBV	$ 6,954
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2446, Sterling House of Denton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,750
Buildings and Improvements	6,712
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,750
Buildings and Improvements	6,712
Total	8,462
Accumulated Depreciation	1,372
NBV	$ 7,090
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2448, Sterling House of Ennis
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	460
Buildings and Improvements	3,284
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	460
Buildings and Improvements	3,284
Total	3,744
Accumulated Depreciation	727
NBV	$ 3,017
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3280, Sterling House of Kerrville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	460
Buildings and Improvements	8,548
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	460
Buildings and Improvements	8,548
Total	9,008
Accumulated Depreciation	1,706
NBV	$ 7,302
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3282, Sterling House of San Antonio
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,400
Buildings and Improvements	10,051
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,400
Buildings and Improvements	10,051
Total	11,451
Accumulated Depreciation	2,031
NBV	$ 9,420
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3283, Sterling House of Temple
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	330
Buildings and Improvements	5,081
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	330
Buildings and Improvements	5,081
Total	5,411
Accumulated Depreciation	1,079
NBV	$ 4,332
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2820, Emeritus at Ridgewood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,900
Buildings and Improvements	16,219
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,900
Buildings and Improvements	16,219
Total	18,119
Accumulated Depreciation	6,696
NBV	$ 11,423
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3217, Clare Bridge of Lynwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,219
Buildings and Improvements	9,573
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,219
Buildings and Improvements	9,573
Total	10,792
Accumulated Depreciation	4,117
NBV	$ 6,675
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3231, Clare Bridge of Puyallup
Real Estate and Accumulated Depreciation
Encumbrances	$ 9,268
Initial Cost to Company
Land and Improvements	1,055
Buildings and Improvements	8,298
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,055
Buildings and Improvements	8,298
Total	9,353
Accumulated Depreciation	3,568
NBV	$ 5,785
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2442, Columbia Edgewater
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	960
Buildings and Improvements	23,270
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	960
Buildings and Improvements	23,270
Total	24,230
Accumulated Depreciation	4,758
NBV	$ 19,472
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2431, Park Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,622
Buildings and Improvements	12,895
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,622
Buildings and Improvements	12,895
Total	14,517
Accumulated Depreciation	5,719
NBV	$ 8,798
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2443, Crossings at Allenmore
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	620
Buildings and Improvements	16,186
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	620
Buildings and Improvements	16,186
Total	16,806
Accumulated Depreciation	3,209
NBV	$ 13,597
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2473, Union Park at Allenmore
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,710
Buildings and Improvements	3,326
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,710
Buildings and Improvements	3,326
Total	5,036
Accumulated Depreciation	999
NBV	$ 4,037
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 2464, Crossings at Yakima
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	860
Buildings and Improvements	15,276
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	860
Buildings and Improvements	15,276
Total	16,136
Accumulated Depreciation	3,120
NBV	$ 13,016
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3213, Clare Bridge of Kenosha
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	551
Buildings and Improvements	5,431
Costs Capitalized Subsequent to Acquisition	2,772
Gross Amount Carried at Close of Period
Land and Improvements	551
Buildings and Improvements	8,203
Total	8,754
Accumulated Depreciation	3,077
NBV	$ 5,677
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3214, Clare Bridge Cottage of La Crosse
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	621
Buildings and Improvements	4,056
Costs Capitalized Subsequent to Acquisition	1,126
Gross Amount Carried at Close of Period
Land and Improvements	621
Buildings and Improvements	5,182
Total	5,803
Accumulated Depreciation	2,046
NBV	$ 3,757
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3215, Sterling House of La Crosse
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	644
Buildings and Improvements	5,831
Costs Capitalized Subsequent to Acquisition	2,637
Gross Amount Carried at Close of Period
Land and Improvements	644
Buildings and Improvements	8,468
Total	9,112
Accumulated Depreciation	3,215
NBV	$ 5,897
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3268, Sterling House of Middleton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	360
Buildings and Improvements	5,041
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	360
Buildings and Improvements	5,041
Total	5,401
Accumulated Depreciation	1,016
NBV	$ 4,385
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3262, Woven Hearts of Onalaska
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	250
Buildings and Improvements	4,949
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	250
Buildings and Improvements	4,949
Total	5,199
Accumulated Depreciation	992
NBV	$ 4,207
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | 3264, Woven Hearts of Sun Prairie
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	350
Buildings and Improvements	1,131
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	350
Buildings and Improvements	1,131
Total	1,481
Accumulated Depreciation	283
NBV	$ 1,198
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living | Seniors Housing Communities | Clare Bridge of Farmington Hills I, 3247
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	580
Buildings and Improvements	10,497
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	580
Buildings and Improvements	10,497
Total	11,077
Accumulated Depreciation	2,338
NBV	$ 8,739
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	$ 111,090
Initial Cost to Company
Land and Improvements	245,515
Buildings and Improvements	2,532,176
Costs Capitalized Subsequent to Acquisition	99,539
Gross Amount Carried at Close of Period
Land and Improvements	246,623
Buildings and Improvements	2,630,607
Total	2,877,230
Accumulated Depreciation	819,088
NBV	2,058,142
Sunrise | Seniors Housing Communities | Sunrise of Blue Bell, 4041
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	1,765
Buildings and Improvements	23,920
Costs Capitalized Subsequent to Acquisition	3,101
Gross Amount Carried at Close of Period
Land and Improvements	1,827
Buildings and Improvements	26,959
Total	28,786
Accumulated Depreciation	8,931
NBV	$ 19,855
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | Sunrise of Exton, 4022
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,123
Buildings and Improvements	17,765
Costs Capitalized Subsequent to Acquisition	1,705
Gross Amount Carried at Close of Period
Land and Improvements	1,191
Buildings and Improvements	19,402
Total	20,593
Accumulated Depreciation	6,604
NBV	$ 13,989
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | Sunrise of Haverford, 4007
Real Estate and Accumulated Depreciation
Encumbrances	$ 7
Initial Cost to Company
Land and Improvements	941
Buildings and Improvements	25,872
Costs Capitalized Subsequent to Acquisition	2,217
Gross Amount Carried at Close of Period
Land and Improvements	983
Buildings and Improvements	28,047
Total	29,030
Accumulated Depreciation	9,017
NBV	$ 20,013
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | Sunrise at Granite Run, 4003
Real Estate and Accumulated Depreciation
Encumbrances	$ 11
Initial Cost to Company
Land and Improvements	1,272
Buildings and Improvements	31,781
Costs Capitalized Subsequent to Acquisition	2,344
Gross Amount Carried at Close of Period
Land and Improvements	1,369
Buildings and Improvements	34,028
Total	35,397
Accumulated Depreciation	11,046
NBV	$ 24,351
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | Sunrise of Lower Makefield, 4087
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,165
Buildings and Improvements	21,337
Costs Capitalized Subsequent to Acquisition	587
Gross Amount Carried at Close of Period
Land and Improvements	3,167
Buildings and Improvements	21,922
Total	25,089
Accumulated Depreciation	4,324
NBV	$ 20,765
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | Sunrise of Westtown, 4020
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,547
Buildings and Improvements	22,996
Costs Capitalized Subsequent to Acquisition	2,144
Gross Amount Carried at Close of Period
Land and Improvements	1,570
Buildings and Improvements	25,117
Total	26,687
Accumulated Depreciation	8,576
NBV	$ 18,111
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | Sunrise of Hillcrest, 4037
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,616
Buildings and Improvements	27,680
Costs Capitalized Subsequent to Acquisition	822
Gross Amount Carried at Close of Period
Land and Improvements	2,626
Buildings and Improvements	28,492
Total	31,118
Accumulated Depreciation	9,253
NBV	$ 21,865
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | Sunrise of Fort Worth, 4083
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,024
Buildings and Improvements	18,587
Costs Capitalized Subsequent to Acquisition	813
Gross Amount Carried at Close of Period
Land and Improvements	2,116
Buildings and Improvements	19,308
Total	21,424
Accumulated Depreciation	3,857
NBV	$ 17,567
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4081, Sunrise of Chandler
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,344
Buildings and Improvements	14,455
Costs Capitalized Subsequent to Acquisition	807
Gross Amount Carried at Close of Period
Land and Improvements	4,439
Buildings and Improvements	15,167
Total	19,606
Accumulated Depreciation	3,095
NBV	$ 16,511
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4064, Sunrise of Scottsdale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,229
Buildings and Improvements	27,575
Costs Capitalized Subsequent to Acquisition	750
Gross Amount Carried at Close of Period
Land and Improvements	2,255
Buildings and Improvements	28,299
Total	30,554
Accumulated Depreciation	9,100
NBV	$ 21,454
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4092, Sunrise of River Road
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,971
Buildings and Improvements	12,399
Costs Capitalized Subsequent to Acquisition	435
Gross Amount Carried at Close of Period
Land and Improvements	3,000
Buildings and Improvements	12,805
Total	15,805
Accumulated Depreciation	2,421
NBV	$ 13,384
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4073, Sunrise of Lynn Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	11,759
Buildings and Improvements	37,424
Costs Capitalized Subsequent to Acquisition	(8,888)
Gross Amount Carried at Close of Period
Land and Improvements	9,293
Buildings and Improvements	31,002
Total	40,295
Accumulated Depreciation	9,781
NBV	$ 30,514
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4077, Sunrise of Vancouver
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,649
Buildings and Improvements	31,937
Costs Capitalized Subsequent to Acquisition	996
Gross Amount Carried at Close of Period
Land and Improvements	6,662
Buildings and Improvements	32,920
Total	39,582
Accumulated Depreciation	10,728
NBV	$ 28,854
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4069, Sunrise of Victoria
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,332
Buildings and Improvements	29,970
Costs Capitalized Subsequent to Acquisition	(6,486)
Gross Amount Carried at Close of Period
Land and Improvements	6,664
Buildings and Improvements	25,152
Total	31,816
Accumulated Depreciation	8,030
NBV	$ 23,786
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4023, Sunrise at La Costa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,890
Buildings and Improvements	20,590
Costs Capitalized Subsequent to Acquisition	1,549
Gross Amount Carried at Close of Period
Land and Improvements	5,030
Buildings and Improvements	21,999
Total	27,029
Accumulated Depreciation	7,600
NBV	$ 19,429
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4086, Sunrise of Carmichael
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,269
Buildings and Improvements	14,598
Costs Capitalized Subsequent to Acquisition	519
Gross Amount Carried at Close of Period
Land and Improvements	1,284
Buildings and Improvements	15,102
Total	16,386
Accumulated Depreciation	2,963
NBV	$ 13,423
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4055, Sunrise of Fair Oaks
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,456
Buildings and Improvements	23,679
Costs Capitalized Subsequent to Acquisition	2,283
Gross Amount Carried at Close of Period
Land and Improvements	2,506
Buildings and Improvements	24,912
Total	27,418
Accumulated Depreciation	8,255
NBV	$ 19,163
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4045, Sunrise of Mission Viejo
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,802
Buildings and Improvements	24,560
Costs Capitalized Subsequent to Acquisition	1,515
Gross Amount Carried at Close of Period
Land and Improvements	3,867
Buildings and Improvements	26,010
Total	29,877
Accumulated Depreciation	8,694
NBV	$ 21,183
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4043, Sunrise at Canyon Crest
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,486
Buildings and Improvements	19,658
Costs Capitalized Subsequent to Acquisition	1,935
Gross Amount Carried at Close of Period
Land and Improvements	5,577
Buildings and Improvements	21,502
Total	27,079
Accumulated Depreciation	7,140
NBV	$ 19,939
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4066, Sunrise of Rocklin
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,378
Buildings and Improvements	23,565
Costs Capitalized Subsequent to Acquisition	967
Gross Amount Carried at Close of Period
Land and Improvements	1,411
Buildings and Improvements	24,499
Total	25,910
Accumulated Depreciation	7,971
NBV	$ 17,939
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4035, Sunrise of San Mateo
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,682
Buildings and Improvements	35,335
Costs Capitalized Subsequent to Acquisition	1,718
Gross Amount Carried at Close of Period
Land and Improvements	2,705
Buildings and Improvements	37,030
Total	39,735
Accumulated Depreciation	11,782
NBV	$ 27,953
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4012, Sunrise of Sunnyvale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,933
Buildings and Improvements	34,361
Costs Capitalized Subsequent to Acquisition	1,186
Gross Amount Carried at Close of Period
Land and Improvements	2,969
Buildings and Improvements	35,511
Total	38,480
Accumulated Depreciation	11,427
NBV	$ 27,053
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4050, Sunrise at Sterling Canyon
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,868
Buildings and Improvements	29,293
Costs Capitalized Subsequent to Acquisition	4,732
Gross Amount Carried at Close of Period
Land and Improvements	4,078
Buildings and Improvements	33,815
Total	37,893
Accumulated Depreciation	11,716
NBV	$ 26,177
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4016, Sunrise of Westlake Village
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,935
Buildings and Improvements	30,722
Costs Capitalized Subsequent to Acquisition	1,133
Gross Amount Carried at Close of Period
Land and Improvements	5,031
Buildings and Improvements	31,759
Total	36,790
Accumulated Depreciation	10,254
NBV	$ 26,536
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4018, Sunrise at Yorba Linda
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,689
Buildings and Improvements	25,240
Costs Capitalized Subsequent to Acquisition	1,631
Gross Amount Carried at Close of Period
Land and Improvements	1,765
Buildings and Improvements	26,795
Total	28,560
Accumulated Depreciation	8,605
NBV	$ 19,955
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4009, Sunrise at Cherry Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,621
Buildings and Improvements	28,370
Costs Capitalized Subsequent to Acquisition	1,475
Gross Amount Carried at Close of Period
Land and Improvements	1,721
Buildings and Improvements	29,745
Total	31,466
Accumulated Depreciation	9,675
NBV	$ 21,791
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4030, Sunrise at Pinehurst
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,417
Buildings and Improvements	30,885
Costs Capitalized Subsequent to Acquisition	2,090
Gross Amount Carried at Close of Period
Land and Improvements	1,653
Buildings and Improvements	32,739
Total	34,392
Accumulated Depreciation	11,123
NBV	$ 23,269
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4059, Sunrise at Orchard
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,813
Buildings and Improvements	22,183
Costs Capitalized Subsequent to Acquisition	1,753
Gross Amount Carried at Close of Period
Land and Improvements	1,853
Buildings and Improvements	23,896
Total	25,749
Accumulated Depreciation	7,996
NBV	$ 17,753
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4061, Sunrise of Westminster
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,649
Buildings and Improvements	16,243
Costs Capitalized Subsequent to Acquisition	1,696
Gross Amount Carried at Close of Period
Land and Improvements	2,792
Buildings and Improvements	17,796
Total	20,588
Accumulated Depreciation	5,986
NBV	$ 14,602
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4028, Sunrise of Stamford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,612
Buildings and Improvements	28,533
Costs Capitalized Subsequent to Acquisition	2,128
Gross Amount Carried at Close of Period
Land and Improvements	5,029
Buildings and Improvements	30,244
Total	35,273
Accumulated Depreciation	10,237
NBV	$ 25,036
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4094, Sunrise of Jacksonville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,390
Buildings and Improvements	17,671
Costs Capitalized Subsequent to Acquisition	335
Gross Amount Carried at Close of Period
Land and Improvements	2,420
Buildings and Improvements	17,976
Total	20,396
Accumulated Depreciation	3,541
NBV	$ 16,855
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4058, Sunrise of Ivey Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,507
Buildings and Improvements	18,516
Costs Capitalized Subsequent to Acquisition	1,500
Gross Amount Carried at Close of Period
Land and Improvements	1,517
Buildings and Improvements	20,006
Total	21,523
Accumulated Depreciation	6,642
NBV	$ 14,881
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4056, Sunrise of Huntcliff I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,232
Buildings and Improvements	66,161
Costs Capitalized Subsequent to Acquisition	17,045
Gross Amount Carried at Close of Period
Land and Improvements	4,185
Buildings and Improvements	83,253
Total	87,438
Accumulated Depreciation	28,310
NBV	$ 59,128
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4057, Sunrise of Huntcliff II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,154
Buildings and Improvements	17,137
Costs Capitalized Subsequent to Acquisition	2,291
Gross Amount Carried at Close of Period
Land and Improvements	2,160
Buildings and Improvements	19,422
Total	21,582
Accumulated Depreciation	6,668
NBV	$ 14,914
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4053, Sunrise at East Cobb
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,797
Buildings and Improvements	23,420
Costs Capitalized Subsequent to Acquisition	1,723
Gross Amount Carried at Close of Period
Land and Improvements	1,806
Buildings and Improvements	25,134
Total	26,940
Accumulated Depreciation	8,371
NBV	$ 18,569
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4079, Sunrise of Barrington
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	859
Buildings and Improvements	15,085
Costs Capitalized Subsequent to Acquisition	595
Gross Amount Carried at Close of Period
Land and Improvements	892
Buildings and Improvements	15,647
Total	16,539
Accumulated Depreciation	3,114
NBV	$ 13,425
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4040, Sunrise of Bloomingdale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,287
Buildings and Improvements	38,625
Costs Capitalized Subsequent to Acquisition	2,056
Gross Amount Carried at Close of Period
Land and Improvements	1,382
Buildings and Improvements	40,586
Total	41,968
Accumulated Depreciation	12,980
NBV	$ 28,988
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4042, Sunrise of Buffalo Grove
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,154
Buildings and Improvements	28,021
Costs Capitalized Subsequent to Acquisition	1,547
Gross Amount Carried at Close of Period
Land and Improvements	2,339
Buildings and Improvements	29,383
Total	31,722
Accumulated Depreciation	9,652
NBV	$ 22,070
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4015, Sunrise of Lincoln Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,485
Buildings and Improvements	26,687
Costs Capitalized Subsequent to Acquisition	2,205
Gross Amount Carried at Close of Period
Land and Improvements	3,504
Buildings and Improvements	28,873
Total	32,377
Accumulated Depreciation	8,753
NBV	$ 23,624
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4024, Sunrise of Naperville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,946
Buildings and Improvements	28,538
Costs Capitalized Subsequent to Acquisition	2,639
Gross Amount Carried at Close of Period
Land and Improvements	2,622
Buildings and Improvements	30,501
Total	33,123
Accumulated Depreciation	10,347
NBV	$ 22,776
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4060, Sunrise of Palos Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,363
Buildings and Improvements	42,205
Costs Capitalized Subsequent to Acquisition	1,278
Gross Amount Carried at Close of Period
Land and Improvements	2,394
Buildings and Improvements	43,452
Total	45,846
Accumulated Depreciation	14,012
NBV	$ 31,834
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4014, Sunrise of Park Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,533
Buildings and Improvements	39,557
Costs Capitalized Subsequent to Acquisition	2,828
Gross Amount Carried at Close of Period
Land and Improvements	5,677
Buildings and Improvements	42,241
Total	47,918
Accumulated Depreciation	13,668
NBV	$ 34,250
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4036, Sunrise of Willowbrook
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,454
Buildings and Improvements	60,738
Costs Capitalized Subsequent to Acquisition	2,651
Gross Amount Carried at Close of Period
Land and Improvements	2,080
Buildings and Improvements	62,763
Total	64,843
Accumulated Depreciation	18,572
NBV	$ 46,271
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4088, Sunrise of Old Meridian
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,550
Buildings and Improvements	31,746
Costs Capitalized Subsequent to Acquisition	806
Gross Amount Carried at Close of Period
Land and Improvements	8,550
Buildings and Improvements	32,552
Total	41,102
Accumulated Depreciation	6,307
NBV	$ 34,795
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4089, Sunrise of Leawood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	651
Buildings and Improvements	16,401
Costs Capitalized Subsequent to Acquisition	906
Gross Amount Carried at Close of Period
Land and Improvements	768
Buildings and Improvements	17,190
Total	17,958
Accumulated Depreciation	3,146
NBV	$ 14,812
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4090, Sunrise of Overland Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	650
Buildings and Improvements	11,015
Costs Capitalized Subsequent to Acquisition	482
Gross Amount Carried at Close of Period
Land and Improvements	660
Buildings and Improvements	11,487
Total	12,147
Accumulated Depreciation	2,368
NBV	$ 9,779
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4052, Sunrise of Baton Rouge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,212
Buildings and Improvements	23,547
Costs Capitalized Subsequent to Acquisition	1,606
Gross Amount Carried at Close of Period
Land and Improvements	1,382
Buildings and Improvements	24,983
Total	26,365
Accumulated Depreciation	8,192
NBV	$ 18,173
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4051, Sunrise of Arlington
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	86
Buildings and Improvements	34,393
Costs Capitalized Subsequent to Acquisition	1,059
Gross Amount Carried at Close of Period
Land and Improvements	107
Buildings and Improvements	35,431
Total	35,538
Accumulated Depreciation	11,655
NBV	$ 23,883
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4032, Sunrise of Norwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,230
Buildings and Improvements	30,968
Costs Capitalized Subsequent to Acquisition	2,053
Gross Amount Carried at Close of Period
Land and Improvements	2,306
Buildings and Improvements	32,945
Total	35,251
Accumulated Depreciation	10,707
NBV	$ 24,544
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4033, Sunrise of Columbia
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,780
Buildings and Improvements	23,083
Costs Capitalized Subsequent to Acquisition	2,923
Gross Amount Carried at Close of Period
Land and Improvements	1,918
Buildings and Improvements	25,868
Total	27,786
Accumulated Depreciation	8,298
NBV	$ 19,488
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4034, Sunrise of Rockville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,039
Buildings and Improvements	39,216
Costs Capitalized Subsequent to Acquisition	2,660
Gross Amount Carried at Close of Period
Land and Improvements	1,066
Buildings and Improvements	41,849
Total	42,915
Accumulated Depreciation	12,915
NBV	$ 30,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4038, Sunrise of Bloomfield
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,736
Buildings and Improvements	27,657
Costs Capitalized Subsequent to Acquisition	1,981
Gross Amount Carried at Close of Period
Land and Improvements	3,860
Buildings and Improvements	29,514
Total	33,374
Accumulated Depreciation	9,478
NBV	$ 23,896
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4091, Sunrise of Cascade
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,273
Buildings and Improvements	21,782
Costs Capitalized Subsequent to Acquisition	609
Gross Amount Carried at Close of Period
Land and Improvements	1,364
Buildings and Improvements	22,300
Total	23,664
Accumulated Depreciation	4,256
NBV	$ 19,408
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4046, Sunrise of Northville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,445
Buildings and Improvements	26,090
Costs Capitalized Subsequent to Acquisition	1,365
Gross Amount Carried at Close of Period
Land and Improvements	1,525
Buildings and Improvements	27,375
Total	28,900
Accumulated Depreciation	9,061
NBV	$ 19,839
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4048, Sunrise of Rochester
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,774
Buildings and Improvements	38,666
Costs Capitalized Subsequent to Acquisition	1,284
Gross Amount Carried at Close of Period
Land and Improvements	2,846
Buildings and Improvements	39,878
Total	42,724
Accumulated Depreciation	12,877
NBV	$ 29,847
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4031, Sunrise of Troy
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,758
Buildings and Improvements	23,727
Costs Capitalized Subsequent to Acquisition	928
Gross Amount Carried at Close of Period
Land and Improvements	1,860
Buildings and Improvements	24,553
Total	26,413
Accumulated Depreciation	8,168
NBV	$ 18,245
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4054, Sunrise of Edina
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,181
Buildings and Improvements	24,224
Costs Capitalized Subsequent to Acquisition	2,915
Gross Amount Carried at Close of Period
Land and Improvements	3,270
Buildings and Improvements	27,050
Total	30,320
Accumulated Depreciation	9,050
NBV	$ 21,270
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4019, Sunrise on Providence
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,976
Buildings and Improvements	19,472
Costs Capitalized Subsequent to Acquisition	2,340
Gross Amount Carried at Close of Period
Land and Improvements	1,988
Buildings and Improvements	21,800
Total	23,788
Accumulated Depreciation	7,128
NBV	$ 16,660
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4017, Sunrise at North Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	749
Buildings and Improvements	37,091
Costs Capitalized Subsequent to Acquisition	5,417
Gross Amount Carried at Close of Period
Land and Improvements	849
Buildings and Improvements	42,408
Total	43,257
Accumulated Depreciation	13,895
NBV	$ 29,362
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4025, Sunrise of East Brunswick
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,784
Buildings and Improvements	26,173
Costs Capitalized Subsequent to Acquisition	2,252
Gross Amount Carried at Close of Period
Land and Improvements	3,030
Buildings and Improvements	28,179
Total	31,209
Accumulated Depreciation	9,680
NBV	$ 21,529
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4085, Sunrise of Jackson
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,009
Buildings and Improvements	15,029
Costs Capitalized Subsequent to Acquisition	587
Gross Amount Carried at Close of Period
Land and Improvements	4,013
Buildings and Improvements	15,612
Total	19,625
Accumulated Depreciation	3,218
NBV	$ 16,407
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4001, Sunrise of Morris Plains
Real Estate and Accumulated Depreciation
Encumbrances	$ 17,488
Initial Cost to Company
Land and Improvements	1,492
Buildings and Improvements	32,052
Costs Capitalized Subsequent to Acquisition	2,003
Gross Amount Carried at Close of Period
Land and Improvements	1,569
Buildings and Improvements	33,978
Total	35,547
Accumulated Depreciation	11,078
NBV	$ 24,469
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4002, Sunrise of Old Tappan
Real Estate and Accumulated Depreciation
Encumbrances	$ 16,241
Initial Cost to Company
Land and Improvements	2,985
Buildings and Improvements	36,795
Costs Capitalized Subsequent to Acquisition	2,032
Gross Amount Carried at Close of Period
Land and Improvements	3,106
Buildings and Improvements	38,706
Total	41,812
Accumulated Depreciation	12,611
NBV	$ 29,201
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4062, Sunrise of Wall
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,053
Buildings and Improvements	19,101
Costs Capitalized Subsequent to Acquisition	2,022
Gross Amount Carried at Close of Period
Land and Improvements	1,088
Buildings and Improvements	21,088
Total	22,176
Accumulated Depreciation	6,657
NBV	$ 15,519
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4006, Sunrise of Westfield
Real Estate and Accumulated Depreciation
Encumbrances	$ 17,095
Initial Cost to Company
Land and Improvements	5,057
Buildings and Improvements	23,803
Costs Capitalized Subsequent to Acquisition	2,119
Gross Amount Carried at Close of Period
Land and Improvements	5,136
Buildings and Improvements	25,843
Total	30,979
Accumulated Depreciation	8,666
NBV	$ 22,313
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4005, Sunrise of Wayne
Real Estate and Accumulated Depreciation
Encumbrances	$ 12,901
Initial Cost to Company
Land and Improvements	1,288
Buildings and Improvements	24,990
Costs Capitalized Subsequent to Acquisition	2,475
Gross Amount Carried at Close of Period
Land and Improvements	1,304
Buildings and Improvements	27,449
Total	28,753
Accumulated Depreciation	8,907
NBV	$ 19,846
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4029, Sunrise of Woodcliff Lake
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,493
Buildings and Improvements	30,801
Costs Capitalized Subsequent to Acquisition	1,368
Gross Amount Carried at Close of Period
Land and Improvements	3,537
Buildings and Improvements	32,125
Total	35,662
Accumulated Depreciation	10,744
NBV	$ 24,918
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4027, Sunrise of North Lynbrook
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,622
Buildings and Improvements	38,087
Costs Capitalized Subsequent to Acquisition	1,985
Gross Amount Carried at Close of Period
Land and Improvements	4,700
Buildings and Improvements	39,994
Total	44,694
Accumulated Depreciation	13,556
NBV	$ 31,138
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4044, Sunrise at Fleetwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,381
Buildings and Improvements	28,434
Costs Capitalized Subsequent to Acquisition	2,393
Gross Amount Carried at Close of Period
Land and Improvements	4,531
Buildings and Improvements	30,677
Total	35,208
Accumulated Depreciation	10,289
NBV	$ 24,919
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4011, Sunrise of New City
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,906
Buildings and Improvements	27,323
Costs Capitalized Subsequent to Acquisition	1,764
Gross Amount Carried at Close of Period
Land and Improvements	1,950
Buildings and Improvements	29,043
Total	30,993
Accumulated Depreciation	9,584
NBV	$ 21,409
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4049, Sunrise of Smithtown
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,853
Buildings and Improvements	25,621
Costs Capitalized Subsequent to Acquisition	2,467
Gross Amount Carried at Close of Period
Land and Improvements	3,040
Buildings and Improvements	27,901
Total	30,941
Accumulated Depreciation	9,703
NBV	$ 21,238
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4063, Sunrise of Staten Island
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7,237
Buildings and Improvements	23,910
Costs Capitalized Subsequent to Acquisition	438
Gross Amount Carried at Close of Period
Land and Improvements	7,288
Buildings and Improvements	24,297
Total	31,585
Accumulated Depreciation	10,408
NBV	$ 21,177
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4013, Sunrise at Parma
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	695
Buildings and Improvements	16,641
Costs Capitalized Subsequent to Acquisition	1,214
Gross Amount Carried at Close of Period
Land and Improvements	890
Buildings and Improvements	17,660
Total	18,550
Accumulated Depreciation	5,944
NBV	$ 12,606
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4010, Sunrise of Cuyahoga Falls
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	626
Buildings and Improvements	10,239
Costs Capitalized Subsequent to Acquisition	1,542
Gross Amount Carried at Close of Period
Land and Improvements	783
Buildings and Improvements	11,624
Total	12,407
Accumulated Depreciation	4,064
NBV	$ 8,343
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4075, Sunrise of Aurora
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,570
Buildings and Improvements	36,113
Costs Capitalized Subsequent to Acquisition	(6,664)
Gross Amount Carried at Close of Period
Land and Improvements	1,274
Buildings and Improvements	29,745
Total	31,019
Accumulated Depreciation	9,530
NBV	$ 21,489
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4070, Sunrise of Burlington
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,173
Buildings and Improvements	24,448
Costs Capitalized Subsequent to Acquisition	832
Gross Amount Carried at Close of Period
Land and Improvements	1,192
Buildings and Improvements	25,261
Total	26,453
Accumulated Depreciation	7,976
NBV	$ 18,477
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4067, Sunrise of Unionville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,322
Buildings and Improvements	41,140
Costs Capitalized Subsequent to Acquisition	(7,621)
Gross Amount Carried at Close of Period
Land and Improvements	1,908
Buildings and Improvements	33,933
Total	35,841
Accumulated Depreciation	10,824
NBV	$ 25,017
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4068, Sunrise of Mississauga
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,554
Buildings and Improvements	33,631
Costs Capitalized Subsequent to Acquisition	(6,495)
Gross Amount Carried at Close of Period
Land and Improvements	2,915
Buildings and Improvements	27,775
Total	30,690
Accumulated Depreciation	8,905
NBV	$ 21,785
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4076, Sunrise of Erin Mills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,957
Buildings and Improvements	27,020
Costs Capitalized Subsequent to Acquisition	(5,045)
Gross Amount Carried at Close of Period
Land and Improvements	1,593
Buildings and Improvements	22,339
Total	23,932
Accumulated Depreciation	7,338
NBV	$ 16,594
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4071, Sunrise of Oakville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,753
Buildings and Improvements	37,489
Costs Capitalized Subsequent to Acquisition	1,331
Gross Amount Carried at Close of Period
Land and Improvements	2,759
Buildings and Improvements	38,814
Total	41,573
Accumulated Depreciation	12,186
NBV	$ 29,387
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4072, Sunrise of Richmond Hill
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,155
Buildings and Improvements	41,254
Costs Capitalized Subsequent to Acquisition	(7,840)
Gross Amount Carried at Close of Period
Land and Improvements	1,733
Buildings and Improvements	33,836
Total	35,569
Accumulated Depreciation	10,658
NBV	$ 24,911
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4078, Thorne Mill of Steeles
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,563
Buildings and Improvements	57,513
Costs Capitalized Subsequent to Acquisition	(8,758)
Gross Amount Carried at Close of Period
Land and Improvements	1,420
Buildings and Improvements	49,898
Total	51,318
Accumulated Depreciation	14,898
NBV	$ 36,420
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4074, Sunrise of Windsor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,813
Buildings and Improvements	20,882
Costs Capitalized Subsequent to Acquisition	838
Gross Amount Carried at Close of Period
Land and Improvements	1,834
Buildings and Improvements	21,699
Total	23,533
Accumulated Depreciation	6,944
NBV	$ 16,589
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4004, Sunrise of Abington
Real Estate and Accumulated Depreciation
Encumbrances	$ 22
Initial Cost to Company
Land and Improvements	1,838
Buildings and Improvements	53,660
Costs Capitalized Subsequent to Acquisition	5,116
Gross Amount Carried at Close of Period
Land and Improvements	2,015
Buildings and Improvements	58,599
Total	60,614
Accumulated Depreciation	18,706
NBV	$ 41,908
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4093, Sunrise of Frisco
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,523
Buildings and Improvements	14,547
Costs Capitalized Subsequent to Acquisition	465
Gross Amount Carried at Close of Period
Land and Improvements	2,535
Buildings and Improvements	15,000
Total	17,535
Accumulated Depreciation	2,649
NBV	$ 14,886
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4082, Sunrise of Cinco Ranch
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,512
Buildings and Improvements	21,600
Costs Capitalized Subsequent to Acquisition	1,108
Gross Amount Carried at Close of Period
Land and Improvements	2,580
Buildings and Improvements	22,640
Total	25,220
Accumulated Depreciation	4,382
NBV	$ 20,838
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4084, Sunrise of Holladay
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,542
Buildings and Improvements	44,771
Costs Capitalized Subsequent to Acquisition	843
Gross Amount Carried at Close of Period
Land and Improvements	2,581
Buildings and Improvements	45,575
Total	48,156
Accumulated Depreciation	8,639
NBV	$ 39,517
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4065, Sunrise of Sandy
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,576
Buildings and Improvements	22,987
Costs Capitalized Subsequent to Acquisition	321
Gross Amount Carried at Close of Period
Land and Improvements	2,618
Buildings and Improvements	23,266
Total	25,884
Accumulated Depreciation	7,755
NBV	$ 18,129
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4039, Sunrise of Alexandria
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	88
Buildings and Improvements	14,811
Costs Capitalized Subsequent to Acquisition	2,260
Gross Amount Carried at Close of Period
Land and Improvements	240
Buildings and Improvements	16,919
Total	17,159
Accumulated Depreciation	6,079
NBV	$ 11,080
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4026, Sunrise of Richmond
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,120
Buildings and Improvements	17,446
Costs Capitalized Subsequent to Acquisition	1,205
Gross Amount Carried at Close of Period
Land and Improvements	1,164
Buildings and Improvements	18,607
Total	19,771
Accumulated Depreciation	6,495
NBV	$ 13,276
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4080 Sunrise of Bon Air
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,047
Buildings and Improvements	22,079
Costs Capitalized Subsequent to Acquisition	664
Gross Amount Carried at Close of Period
Land and Improvements	2,032
Buildings and Improvements	22,758
Total	24,790
Accumulated Depreciation	4,504
NBV	$ 20,286
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise | Seniors Housing Communities | 4000, Sunrise of Springfield
Real Estate and Accumulated Depreciation
Encumbrances	$ 7,893
Initial Cost to Company
Land and Improvements	4,440
Buildings and Improvements	18,834
Costs Capitalized Subsequent to Acquisition	2,635
Gross Amount Carried at Close of Period
Land and Improvements	4,536
Buildings and Improvements	21,373
Total	25,909
Accumulated Depreciation	7,193
NBV	$ 18,716
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	$ 442,048
Initial Cost to Company
Land and Improvements	548,972
Buildings and Improvements	5,010,620
Costs Capitalized Subsequent to Acquisition	387,770
Gross Amount Carried at Close of Period
Land and Improvements	558,443
Buildings and Improvements	5,388,919
Total	5,947,362
Accumulated Depreciation	1,111,490
NBV	4,835,872
Atria | Seniors Housing Communities | 8972, Arbour Lake
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	2,512
Buildings and Improvements	39,188
Costs Capitalized Subsequent to Acquisition	(2,157)
Gross Amount Carried at Close of Period
Land and Improvements	2,332
Buildings and Improvements	37,211
Total	39,543
Accumulated Depreciation	4,396
NBV	$ 35,147
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8974, Canyon Meadows
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,617
Buildings and Improvements	30,803
Costs Capitalized Subsequent to Acquisition	(1,557)
Gross Amount Carried at Close of Period
Land and Improvements	1,494
Buildings and Improvements	29,369
Total	30,863
Accumulated Depreciation	3,652
NBV	$ 27,211
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8976, Churchill Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,865
Buildings and Improvements	30,482
Costs Capitalized Subsequent to Acquisition	(1,777)
Gross Amount Carried at Close of Period
Land and Improvements	2,647
Buildings and Improvements	28,923
Total	31,570
Accumulated Depreciation	3,622
NBV	$ 27,948
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8997, View at Lethbridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,503
Buildings and Improvements	24,770
Costs Capitalized Subsequent to Acquisition	(1,545)
Gross Amount Carried at Close of Period
Land and Improvements	2,313
Buildings and Improvements	23,415
Total	25,728
Accumulated Depreciation	3,153
NBV	$ 22,575
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8994, Victoria Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,188
Buildings and Improvements	22,554
Costs Capitalized Subsequent to Acquisition	(869)
Gross Amount Carried at Close of Period
Land and Improvements	1,098
Buildings and Improvements	21,775
Total	22,873
Accumulated Depreciation	2,966
NBV	$ 19,907
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8982, Ironwood Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,639
Buildings and Improvements	22,519
Costs Capitalized Subsequent to Acquisition	(1,112)
Gross Amount Carried at Close of Period
Land and Improvements	3,377
Buildings and Improvements	21,669
Total	25,046
Accumulated Depreciation	2,925
NBV	$ 22,121
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8248, Atria Regency
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	950
Buildings and Improvements	11,897
Costs Capitalized Subsequent to Acquisition	1,387
Gross Amount Carried at Close of Period
Land and Improvements	981
Buildings and Improvements	13,253
Total	14,234
Accumulated Depreciation	3,690
NBV	$ 10,544
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8584, Atria Chandler Villas
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,650
Buildings and Improvements	8,450
Costs Capitalized Subsequent to Acquisition	1,580
Gross Amount Carried at Close of Period
Land and Improvements	3,721
Buildings and Improvements	9,959
Total	13,680
Accumulated Depreciation	3,554
NBV	$ 10,126
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8568, Atria Sierra Pointe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	10,930
Buildings and Improvements	65,372
Costs Capitalized Subsequent to Acquisition	3,269
Gross Amount Carried at Close of Period
Land and Improvements	10,969
Buildings and Improvements	68,602
Total	79,571
Accumulated Depreciation	8,182
NBV	$ 71,389
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8270, Atria Campana Del Rio
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,861
Buildings and Improvements	37,284
Costs Capitalized Subsequent to Acquisition	2,254
Gross Amount Carried at Close of Period
Land and Improvements	5,972
Buildings and Improvements	39,427
Total	45,399
Accumulated Depreciation	10,250
NBV	$ 35,149
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8272, Atria Valley Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,709
Buildings and Improvements	60
Costs Capitalized Subsequent to Acquisition	819
Gross Amount Carried at Close of Period
Land and Improvements	1,768
Buildings and Improvements	820
Total	2,588
Accumulated Depreciation	417
NBV	$ 2,171
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8342, Atria Bell Court Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,010
Buildings and Improvements	30,969
Costs Capitalized Subsequent to Acquisition	1,969
Gross Amount Carried at Close of Period
Land and Improvements	3,060
Buildings and Improvements	32,888
Total	35,948
Accumulated Depreciation	7,677
NBV	$ 28,271
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8984, Longlake Chateau
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,874
Buildings and Improvements	22,910
Costs Capitalized Subsequent to Acquisition	(1,018)
Gross Amount Carried at Close of Period
Land and Improvements	1,738
Buildings and Improvements	22,028
Total	23,766
Accumulated Depreciation	3,011
NBV	$ 20,755
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8987, Prince George
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,066
Buildings and Improvements	22,761
Costs Capitalized Subsequent to Acquisition	(1,449)
Gross Amount Carried at Close of Period
Land and Improvements	1,909
Buildings and Improvements	21,469
Total	23,378
Accumulated Depreciation	2,909
NBV	$ 20,469
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8995, The Victorian
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,419
Buildings and Improvements	16,351
Costs Capitalized Subsequent to Acquisition	(620)
Gross Amount Carried at Close of Period
Land and Improvements	3,184
Buildings and Improvements	15,966
Total	19,150
Accumulated Depreciation	2,266
NBV	$ 16,884
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8996, Victorian at McKenzie
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,801
Buildings and Improvements	25,712
Costs Capitalized Subsequent to Acquisition	(1,529)
Gross Amount Carried at Close of Period
Land and Improvements	4,440
Buildings and Improvements	24,544
Total	28,984
Accumulated Depreciation	3,231
NBV	$ 25,753
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8575, Atria Burlingame
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,494
Buildings and Improvements	12,373
Costs Capitalized Subsequent to Acquisition	1,522
Gross Amount Carried at Close of Period
Land and Improvements	2,523
Buildings and Improvements	13,866
Total	16,389
Accumulated Depreciation	3,606
NBV	$ 12,783
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8585, Atria Las Posas
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,500
Buildings and Improvements	28,436
Costs Capitalized Subsequent to Acquisition	1,206
Gross Amount Carried at Close of Period
Land and Improvements	4,518
Buildings and Improvements	29,624
Total	34,142
Accumulated Depreciation	6,855
NBV	$ 27,287
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8302, Atria Carmichael Oaks
Real Estate and Accumulated Depreciation
Encumbrances	$ 18,015
Initial Cost to Company
Land and Improvements	2,118
Buildings and Improvements	49,694
Costs Capitalized Subsequent to Acquisition	2,192
Gross Amount Carried at Close of Period
Land and Improvements	2,147
Buildings and Improvements	51,857
Total	54,004
Accumulated Depreciation	8,944
NBV	$ 45,060
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8544, Atria El Camino Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,930
Buildings and Improvements	32,318
Costs Capitalized Subsequent to Acquisition	14,347
Gross Amount Carried at Close of Period
Land and Improvements	7,210
Buildings and Improvements	46,385
Total	53,595
Accumulated Depreciation	10,402
NBV	$ 43,193
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8502, Atria Covina
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	170
Buildings and Improvements	4,131
Costs Capitalized Subsequent to Acquisition	693
Gross Amount Carried at Close of Period
Land and Improvements	250
Buildings and Improvements	4,744
Total	4,994
Accumulated Depreciation	1,509
NBV	$ 3,485
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8580, Atria Daly City
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,090
Buildings and Improvements	13,448
Costs Capitalized Subsequent to Acquisition	1,113
Gross Amount Carried at Close of Period
Land and Improvements	3,102
Buildings and Improvements	14,549
Total	17,651
Accumulated Depreciation	3,660
NBV	$ 13,991
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8529, Atria Covell Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,163
Buildings and Improvements	39,657
Costs Capitalized Subsequent to Acquisition	11,064
Gross Amount Carried at Close of Period
Land and Improvements	2,382
Buildings and Improvements	50,502
Total	52,884
Accumulated Depreciation	13,083
NBV	$ 39,801
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8561, Atria Encinitas
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,880
Buildings and Improvements	9,212
Costs Capitalized Subsequent to Acquisition	1,785
Gross Amount Carried at Close of Period
Land and Improvements	5,942
Buildings and Improvements	10,935
Total	16,877
Accumulated Depreciation	2,917
NBV	$ 13,960
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8297, Atria Escondido
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,196
Buildings and Improvements	7,155
Costs Capitalized Subsequent to Acquisition	469
Gross Amount Carried at Close of Period
Land and Improvements	1,207
Buildings and Improvements	7,613
Total	8,820
Accumulated Depreciation	1,261
NBV	$ 7,559
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8303, Atria Grass Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 11,218
Initial Cost to Company
Land and Improvements	1,965
Buildings and Improvements	28,414
Costs Capitalized Subsequent to Acquisition	825
Gross Amount Carried at Close of Period
Land and Improvements	2,016
Buildings and Improvements	29,188
Total	31,204
Accumulated Depreciation	5,232
NBV	$ 25,972
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8532, Atria Golden Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,900
Buildings and Improvements	23,544
Costs Capitalized Subsequent to Acquisition	1,385
Gross Amount Carried at Close of Period
Land and Improvements	6,930
Buildings and Improvements	24,899
Total	31,829
Accumulated Depreciation	6,383
NBV	$ 25,446
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8301, Atria Lafayette
Real Estate and Accumulated Depreciation
Encumbrances	$ 18,916
Initial Cost to Company
Land and Improvements	5,679
Buildings and Improvements	56,922
Costs Capitalized Subsequent to Acquisition	1,137
Gross Amount Carried at Close of Period
Land and Improvements	5,886
Buildings and Improvements	57,852
Total	63,738
Accumulated Depreciation	9,403
NBV	$ 54,335
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8560, Atria Del Sol
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,500
Buildings and Improvements	12,458
Costs Capitalized Subsequent to Acquisition	8,590
Gross Amount Carried at Close of Period
Land and Improvements	3,781
Buildings and Improvements	20,767
Total	24,548
Accumulated Depreciation	5,623
NBV	$ 18,925
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8352, Atria Newport Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,534
Buildings and Improvements	32,881
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,534
Buildings and Improvements	32,881
Total	37,415
Accumulated Depreciation	0
NBV	$ 37,415
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8554, Atria Tamalpais Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,812
Buildings and Improvements	24,703
Costs Capitalized Subsequent to Acquisition	876
Gross Amount Carried at Close of Period
Land and Improvements	5,831
Buildings and Improvements	25,560
Total	31,391
Accumulated Depreciation	6,040
NBV	$ 25,351
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8317, Atria Pacific Palisades
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,458
Buildings and Improvements	17,064
Costs Capitalized Subsequent to Acquisition	1,705
Gross Amount Carried at Close of Period
Land and Improvements	4,489
Buildings and Improvements	18,738
Total	23,227
Accumulated Depreciation	6,607
NBV	$ 16,620
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8523, Atria Palm Desert
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,887
Buildings and Improvements	9,843
Costs Capitalized Subsequent to Acquisition	1,239
Gross Amount Carried at Close of Period
Land and Improvements	3,115
Buildings and Improvements	10,854
Total	13,969
Accumulated Depreciation	4,663
NBV	$ 9,306
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8545, Atria Hacienda
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,680
Buildings and Improvements	85,900
Costs Capitalized Subsequent to Acquisition	3,291
Gross Amount Carried at Close of Period
Land and Improvements	6,873
Buildings and Improvements	88,998
Total	95,871
Accumulated Depreciation	19,449
NBV	$ 76,422
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8304, Atria Paradise
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,265
Buildings and Improvements	28,262
Costs Capitalized Subsequent to Acquisition	1,090
Gross Amount Carried at Close of Period
Land and Improvements	2,309
Buildings and Improvements	29,308
Total	31,617
Accumulated Depreciation	5,184
NBV	$ 26,433
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8559, Atria Del Rey
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,290
Buildings and Improvements	17,427
Costs Capitalized Subsequent to Acquisition	5,470
Gross Amount Carried at Close of Period
Land and Improvements	3,464
Buildings and Improvements	22,723
Total	26,187
Accumulated Depreciation	7,237
NBV	$ 18,950
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8346, Atria Rocklin
Real Estate and Accumulated Depreciation
Encumbrances	$ 19,221
Initial Cost to Company
Land and Improvements	4,427
Buildings and Improvements	52,064
Costs Capitalized Subsequent to Acquisition	872
Gross Amount Carried at Close of Period
Land and Improvements	4,439
Buildings and Improvements	52,924
Total	57,363
Accumulated Depreciation	5,339
NBV	$ 52,024
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8351, Atria La Jolla
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,210
Buildings and Improvements	46,289
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	8,210
Buildings and Improvements	46,289
Total	54,499
Accumulated Depreciation	0
NBV	$ 54,499
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8353, Atria Penasquitos
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,649
Buildings and Improvements	23,993
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,649
Buildings and Improvements	23,993
Total	26,642
Accumulated Depreciation	0
NBV	$ 26,642
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8517, Atria Collwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	290
Buildings and Improvements	10,650
Costs Capitalized Subsequent to Acquisition	1,174
Gross Amount Carried at Close of Period
Land and Improvements	338
Buildings and Improvements	11,776
Total	12,114
Accumulated Depreciation	3,218
NBV	$ 8,896
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8553, Atria Rancho Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,066
Buildings and Improvements	14,306
Costs Capitalized Subsequent to Acquisition	1,628
Gross Amount Carried at Close of Period
Land and Improvements	4,613
Buildings and Improvements	15,387
Total	20,000
Accumulated Depreciation	4,566
NBV	$ 15,434
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8510, Atria Chateau Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	39
Buildings and Improvements	487
Costs Capitalized Subsequent to Acquisition	644
Gross Amount Carried at Close of Period
Land and Improvements	49
Buildings and Improvements	1,121
Total	1,170
Accumulated Depreciation	1,159
NBV	$ 11
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8563, Atria Willow Glen
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,521
Buildings and Improvements	43,168
Costs Capitalized Subsequent to Acquisition	2,931
Gross Amount Carried at Close of Period
Land and Improvements	8,590
Buildings and Improvements	46,030
Total	54,620
Accumulated Depreciation	9,642
NBV	$ 44,978
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8541, Atria Chateau San Juan
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,110
Buildings and Improvements	29,436
Costs Capitalized Subsequent to Acquisition	8,373
Gross Amount Carried at Close of Period
Land and Improvements	5,318
Buildings and Improvements	37,601
Total	42,919
Accumulated Depreciation	11,978
NBV	$ 30,941
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8546, Atria Hillsdale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,240
Buildings and Improvements	15,956
Costs Capitalized Subsequent to Acquisition	4,441
Gross Amount Carried at Close of Period
Land and Improvements	5,253
Buildings and Improvements	20,384
Total	25,637
Accumulated Depreciation	4,146
NBV	$ 21,491
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8347, Atria Santa Clarita
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,880
Buildings and Improvements	38,366
Costs Capitalized Subsequent to Acquisition	932
Gross Amount Carried at Close of Period
Land and Improvements	3,890
Buildings and Improvements	39,288
Total	43,178
Accumulated Depreciation	4,024
NBV	$ 39,154
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8538, Atria Bayside Landing
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	467
Costs Capitalized Subsequent to Acquisition	660
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	1,127
Total	1,127
Accumulated Depreciation	963
NBV	$ 164
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8578, Atria Sunnyvale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,120
Buildings and Improvements	30,068
Costs Capitalized Subsequent to Acquisition	4,920
Gross Amount Carried at Close of Period
Land and Improvements	6,228
Buildings and Improvements	34,880
Total	41,108
Accumulated Depreciation	8,508
NBV	$ 32,600
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8322, Atria Tarzana
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	960
Buildings and Improvements	47,547
Costs Capitalized Subsequent to Acquisition	889
Gross Amount Carried at Close of Period
Land and Improvements	974
Buildings and Improvements	48,422
Total	49,396
Accumulated Depreciation	7,718
NBV	$ 41,678
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8295, Atria Vintage Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,674
Buildings and Improvements	44,341
Costs Capitalized Subsequent to Acquisition	2,068
Gross Amount Carried at Close of Period
Land and Improvements	4,879
Buildings and Improvements	46,204
Total	51,083
Accumulated Depreciation	8,308
NBV	$ 42,775
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8296, Atria Grand Oaks
Real Estate and Accumulated Depreciation
Encumbrances	$ 21,965
Initial Cost to Company
Land and Improvements	5,994
Buildings and Improvements	50,309
Costs Capitalized Subsequent to Acquisition	916
Gross Amount Carried at Close of Period
Land and Improvements	6,055
Buildings and Improvements	51,164
Total	57,219
Accumulated Depreciation	8,886
NBV	$ 48,333
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8533, Atria Hillcrest
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,020
Buildings and Improvements	25,635
Costs Capitalized Subsequent to Acquisition	10,103
Gross Amount Carried at Close of Period
Land and Improvements	6,624
Buildings and Improvements	35,134
Total	41,758
Accumulated Depreciation	11,103
NBV	$ 30,655
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8579, Atria Montego Heights
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,910
Buildings and Improvements	15,797
Costs Capitalized Subsequent to Acquisition	16,728
Gross Amount Carried at Close of Period
Land and Improvements	7,626
Buildings and Improvements	31,809
Total	39,435
Accumulated Depreciation	9,916
NBV	$ 29,519
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8582, Atria Valley View
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7,139
Buildings and Improvements	53,914
Costs Capitalized Subsequent to Acquisition	2,554
Gross Amount Carried at Close of Period
Land and Improvements	7,175
Buildings and Improvements	56,432
Total	63,607
Accumulated Depreciation	19,157
NBV	$ 44,450
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8334, Atria Applewood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,656
Buildings and Improvements	48,657
Costs Capitalized Subsequent to Acquisition	419
Gross Amount Carried at Close of Period
Land and Improvements	3,686
Buildings and Improvements	49,046
Total	52,732
Accumulated Depreciation	8,747
NBV	$ 43,985
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8603, Atria Inn at Lakewood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,281
Buildings and Improvements	50,095
Costs Capitalized Subsequent to Acquisition	1,593
Gross Amount Carried at Close of Period
Land and Improvements	6,378
Buildings and Improvements	51,591
Total	57,969
Accumulated Depreciation	11,172
NBV	$ 46,797
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8261, Atria Vistas in Longmont
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,807
Buildings and Improvements	24,877
Costs Capitalized Subsequent to Acquisition	994
Gross Amount Carried at Close of Period
Land and Improvements	2,834
Buildings and Improvements	25,844
Total	28,678
Accumulated Depreciation	5,139
NBV	$ 23,539
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8434, Atria Darien
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	653
Buildings and Improvements	37,587
Costs Capitalized Subsequent to Acquisition	11,428
Gross Amount Carried at Close of Period
Land and Improvements	1,156
Buildings and Improvements	48,512
Total	49,668
Accumulated Depreciation	10,803
NBV	$ 38,865
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8728, Atria Larson Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,850
Buildings and Improvements	16,098
Costs Capitalized Subsequent to Acquisition	1,778
Gross Amount Carried at Close of Period
Land and Improvements	1,885
Buildings and Improvements	17,841
Total	19,726
Accumulated Depreciation	4,628
NBV	$ 15,098
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8726, Atria Greenridge Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,170
Buildings and Improvements	32,553
Costs Capitalized Subsequent to Acquisition	2,352
Gross Amount Carried at Close of Period
Land and Improvements	2,388
Buildings and Improvements	34,687
Total	37,075
Accumulated Depreciation	7,751
NBV	$ 29,324
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8435, Atria Stamford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,200
Buildings and Improvements	62,432
Costs Capitalized Subsequent to Acquisition	12,331
Gross Amount Carried at Close of Period
Land and Improvements	1,378
Buildings and Improvements	74,585
Total	75,963
Accumulated Depreciation	15,259
NBV	$ 60,704
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8311, Atria Stratford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,210
Buildings and Improvements	27,865
Costs Capitalized Subsequent to Acquisition	1,828
Gross Amount Carried at Close of Period
Land and Improvements	3,210
Buildings and Improvements	29,693
Total	32,903
Accumulated Depreciation	7,264
NBV	$ 25,639
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8725, Atria Crossroads Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,401
Buildings and Improvements	36,495
Costs Capitalized Subsequent to Acquisition	7,789
Gross Amount Carried at Close of Period
Land and Improvements	2,577
Buildings and Improvements	44,108
Total	46,685
Accumulated Depreciation	10,926
NBV	$ 35,759
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8727, Atria Hamilton Heights
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,120
Buildings and Improvements	14,674
Costs Capitalized Subsequent to Acquisition	3,463
Gross Amount Carried at Close of Period
Land and Improvements	3,158
Buildings and Improvements	18,099
Total	21,257
Accumulated Depreciation	5,434
NBV	$ 15,823
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8276, Atria Windsor Woods
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,610
Buildings and Improvements	32,432
Costs Capitalized Subsequent to Acquisition	2,048
Gross Amount Carried at Close of Period
Land and Improvements	1,687
Buildings and Improvements	34,403
Total	36,090
Accumulated Depreciation	8,650
NBV	$ 27,440
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8537, Atria Baypoint Village
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,083
Buildings and Improvements	28,841
Costs Capitalized Subsequent to Acquisition	8,612
Gross Amount Carried at Close of Period
Land and Improvements	2,350
Buildings and Improvements	37,186
Total	39,536
Accumulated Depreciation	9,753
NBV	$ 29,783
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8229, Atria San Pablo
Real Estate and Accumulated Depreciation
Encumbrances	$ 5,388
Initial Cost to Company
Land and Improvements	1,620
Buildings and Improvements	14,920
Costs Capitalized Subsequent to Acquisition	921
Gross Amount Carried at Close of Period
Land and Improvements	1,660
Buildings and Improvements	15,801
Total	17,461
Accumulated Depreciation	3,764
NBV	$ 13,697
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8290, Atria at St. Joseph's
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,588
Initial Cost to Company
Land and Improvements	5,520
Buildings and Improvements	30,720
Costs Capitalized Subsequent to Acquisition	1,142
Gross Amount Carried at Close of Period
Land and Improvements	5,557
Buildings and Improvements	31,825
Total	37,382
Accumulated Depreciation	5,675
NBV	$ 31,707
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8348, Atria Lady Lake
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,752
Buildings and Improvements	26,265
Costs Capitalized Subsequent to Acquisition	588
Gross Amount Carried at Close of Period
Land and Improvements	3,766
Buildings and Improvements	26,839
Total	30,605
Accumulated Depreciation	2,708
NBV	$ 27,897
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8233, The Heritage at Lake Forest
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,589
Buildings and Improvements	32,586
Costs Capitalized Subsequent to Acquisition	4,027
Gross Amount Carried at Close of Period
Land and Improvements	3,886
Buildings and Improvements	36,316
Total	40,202
Accumulated Depreciation	8,356
NBV	$ 31,846
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8274, Atria Evergreen Woods
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,370
Buildings and Improvements	28,371
Costs Capitalized Subsequent to Acquisition	3,510
Gross Amount Carried at Close of Period
Land and Improvements	2,533
Buildings and Improvements	31,718
Total	34,251
Accumulated Depreciation	8,911
NBV	$ 25,340
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8282, Atria North Point
Real Estate and Accumulated Depreciation
Encumbrances	$ 40,221
Initial Cost to Company
Land and Improvements	4,830
Buildings and Improvements	78,318
Costs Capitalized Subsequent to Acquisition	1,700
Gross Amount Carried at Close of Period
Land and Improvements	4,856
Buildings and Improvements	79,992
Total	84,848
Accumulated Depreciation	10,973
NBV	$ 73,875
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8268, Atria Buckhead
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,660
Buildings and Improvements	5,274
Costs Capitalized Subsequent to Acquisition	969
Gross Amount Carried at Close of Period
Land and Improvements	3,688
Buildings and Improvements	6,215
Total	9,903
Accumulated Depreciation	2,091
NBV	$ 7,812
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8289, Atria Mableton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,911
Buildings and Improvements	18,879
Costs Capitalized Subsequent to Acquisition	479
Gross Amount Carried at Close of Period
Land and Improvements	1,946
Buildings and Improvements	19,323
Total	21,269
Accumulated Depreciation	3,447
NBV	$ 17,822
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8210, Atria Johnson Ferry
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	990
Buildings and Improvements	6,453
Costs Capitalized Subsequent to Acquisition	657
Gross Amount Carried at Close of Period
Land and Improvements	995
Buildings and Improvements	7,105
Total	8,100
Accumulated Depreciation	1,895
NBV	$ 6,205
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8288, Atria Tucker
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,103
Buildings and Improvements	20,679
Costs Capitalized Subsequent to Acquisition	605
Gross Amount Carried at Close of Period
Land and Improvements	1,120
Buildings and Improvements	21,267
Total	22,387
Accumulated Depreciation	3,756
NBV	$ 18,631
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8344, Atria Glen Ellyn
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,455
Buildings and Improvements	34,064
Costs Capitalized Subsequent to Acquisition	3,060
Gross Amount Carried at Close of Period
Land and Improvements	2,634
Buildings and Improvements	36,945
Total	39,579
Accumulated Depreciation	12,230
NBV	$ 27,349
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8240, Atria Newburgh
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,150
Buildings and Improvements	22,880
Costs Capitalized Subsequent to Acquisition	748
Gross Amount Carried at Close of Period
Land and Improvements	1,150
Buildings and Improvements	23,628
Total	24,778
Accumulated Depreciation	5,335
NBV	$ 19,443
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8249, Atria Hearthstone East
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,150
Buildings and Improvements	20,544
Costs Capitalized Subsequent to Acquisition	1,018
Gross Amount Carried at Close of Period
Land and Improvements	1,215
Buildings and Improvements	21,497
Total	22,712
Accumulated Depreciation	5,306
NBV	$ 17,406
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8277, Atria Hearthstone West
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,230
Buildings and Improvements	28,379
Costs Capitalized Subsequent to Acquisition	2,322
Gross Amount Carried at Close of Period
Land and Improvements	1,245
Buildings and Improvements	30,686
Total	31,931
Accumulated Depreciation	7,885
NBV	$ 24,046
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8235, Atria Highland Crossing
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,677
Buildings and Improvements	14,393
Costs Capitalized Subsequent to Acquisition	1,440
Gross Amount Carried at Close of Period
Land and Improvements	1,689
Buildings and Improvements	15,821
Total	17,510
Accumulated Depreciation	4,554
NBV	$ 12,956
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8245, Atria Summit Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,780
Buildings and Improvements	15,769
Costs Capitalized Subsequent to Acquisition	884
Gross Amount Carried at Close of Period
Land and Improvements	1,789
Buildings and Improvements	16,644
Total	18,433
Accumulated Depreciation	4,255
NBV	$ 14,178
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8228, Atria Elizabethtown
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	850
Buildings and Improvements	12,510
Costs Capitalized Subsequent to Acquisition	658
Gross Amount Carried at Close of Period
Land and Improvements	869
Buildings and Improvements	13,149
Total	14,018
Accumulated Depreciation	3,175
NBV	$ 10,843
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8209, Atria St. Matthews
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	939
Buildings and Improvements	9,274
Costs Capitalized Subsequent to Acquisition	1,147
Gross Amount Carried at Close of Period
Land and Improvements	953
Buildings and Improvements	10,407
Total	11,360
Accumulated Depreciation	3,347
NBV	$ 8,013
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8246, Atria Stony Brook
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,860
Buildings and Improvements	17,561
Costs Capitalized Subsequent to Acquisition	1,177
Gross Amount Carried at Close of Period
Land and Improvements	1,953
Buildings and Improvements	18,645
Total	20,598
Accumulated Depreciation	4,581
NBV	$ 16,017
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8258, Atria Springdale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,410
Buildings and Improvements	16,702
Costs Capitalized Subsequent to Acquisition	1,255
Gross Amount Carried at Close of Period
Land and Improvements	1,410
Buildings and Improvements	17,957
Total	19,367
Accumulated Depreciation	4,463
NBV	$ 14,904
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8736, Atria Marland Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,831
Buildings and Improvements	34,592
Costs Capitalized Subsequent to Acquisition	19,314
Gross Amount Carried at Close of Period
Land and Improvements	1,996
Buildings and Improvements	53,741
Total	55,737
Accumulated Depreciation	14,791
NBV	$ 40,946
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8733, Atria Longmeadow Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,310
Buildings and Improvements	58,021
Costs Capitalized Subsequent to Acquisition	1,483
Gross Amount Carried at Close of Period
Land and Improvements	5,383
Buildings and Improvements	59,431
Total	64,814
Accumulated Depreciation	12,734
NBV	$ 52,080
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8730, Atria Fairhaven (Alden)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,100
Buildings and Improvements	16,093
Costs Capitalized Subsequent to Acquisition	861
Gross Amount Carried at Close of Period
Land and Improvements	1,148
Buildings and Improvements	16,906
Total	18,054
Accumulated Depreciation	3,868
NBV	$ 14,186
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8162, Atria Woodbriar Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,940
Initial Cost to Company
Land and Improvements	4,630
Buildings and Improvements	27,314
Costs Capitalized Subsequent to Acquisition	5,566
Gross Amount Carried at Close of Period
Land and Improvements	6,433
Buildings and Improvements	31,077
Total	37,510
Accumulated Depreciation	6,341
NBV	$ 31,169
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8230, Atria Woodbriar
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,970
Buildings and Improvements	43,693
Costs Capitalized Subsequent to Acquisition	21,194
Gross Amount Carried at Close of Period
Land and Improvements	2,599
Buildings and Improvements	64,258
Total	66,857
Accumulated Depreciation	11,987
NBV	$ 54,870
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8731, Atria Draper Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,140
Buildings and Improvements	17,794
Costs Capitalized Subsequent to Acquisition	1,533
Gross Amount Carried at Close of Period
Land and Improvements	1,234
Buildings and Improvements	19,233
Total	20,467
Accumulated Depreciation	4,575
NBV	$ 15,892
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8737, Atria Merrimack Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,774
Buildings and Improvements	40,645
Costs Capitalized Subsequent to Acquisition	1,896
Gross Amount Carried at Close of Period
Land and Improvements	2,822
Buildings and Improvements	42,493
Total	45,315
Accumulated Depreciation	9,006
NBV	$ 36,309
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8735, Atria Marina Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,590
Buildings and Improvements	33,899
Costs Capitalized Subsequent to Acquisition	1,589
Gross Amount Carried at Close of Period
Land and Improvements	2,755
Buildings and Improvements	35,323
Total	38,078
Accumulated Depreciation	8,150
NBV	$ 29,928
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8989, Riverheights Terrace
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	799
Buildings and Improvements	27,708
Costs Capitalized Subsequent to Acquisition	(1,193)
Gross Amount Carried at Close of Period
Land and Improvements	739
Buildings and Improvements	26,575
Total	27,314
Accumulated Depreciation	3,385
NBV	$ 23,929
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8970, Amber Meadow
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,047
Buildings and Improvements	17,821
Costs Capitalized Subsequent to Acquisition	(431)
Gross Amount Carried at Close of Period
Land and Improvements	2,817
Buildings and Improvements	17,620
Total	20,437
Accumulated Depreciation	2,685
NBV	$ 17,752
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8998, The Westhaven
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	871
Buildings and Improvements	23,162
Costs Capitalized Subsequent to Acquisition	(1,222)
Gross Amount Carried at Close of Period
Land and Improvements	816
Buildings and Improvements	21,995
Total	22,811
Accumulated Depreciation	2,959
NBV	$ 19,852
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8332, Atria Manresa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,193
Buildings and Improvements	19,000
Costs Capitalized Subsequent to Acquisition	1,822
Gross Amount Carried at Close of Period
Land and Improvements	4,465
Buildings and Improvements	20,550
Total	25,015
Accumulated Depreciation	5,052
NBV	$ 19,963
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8333, Atria Salisbury
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,940
Buildings and Improvements	24,500
Costs Capitalized Subsequent to Acquisition	780
Gross Amount Carried at Close of Period
Land and Improvements	1,959
Buildings and Improvements	25,261
Total	27,220
Accumulated Depreciation	5,557
NBV	$ 21,663
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8241, Atria Kennebunk
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,090
Buildings and Improvements	23,496
Costs Capitalized Subsequent to Acquisition	1,127
Gross Amount Carried at Close of Period
Land and Improvements	1,117
Buildings and Improvements	24,596
Total	25,713
Accumulated Depreciation	5,806
NBV	$ 19,907
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8318, Atria Ann Arbor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,703
Buildings and Improvements	15,857
Costs Capitalized Subsequent to Acquisition	2,055
Gross Amount Carried at Close of Period
Land and Improvements	1,806
Buildings and Improvements	17,809
Total	19,615
Accumulated Depreciation	6,437
NBV	$ 13,178
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8548, Atria Kinghaven
Real Estate and Accumulated Depreciation
Encumbrances	$ 13,029
Initial Cost to Company
Land and Improvements	1,440
Buildings and Improvements	26,260
Costs Capitalized Subsequent to Acquisition	1,911
Gross Amount Carried at Close of Period
Land and Improvements	1,598
Buildings and Improvements	28,013
Total	29,611
Accumulated Depreciation	6,994
NBV	$ 22,617
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8992, Ste. Anne's Court
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,221
Buildings and Improvements	29,626
Costs Capitalized Subsequent to Acquisition	(1,214)
Gross Amount Carried at Close of Period
Land and Improvements	1,131
Buildings and Improvements	28,502
Total	29,633
Accumulated Depreciation	3,580
NBV	$ 26,053
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8975, Chateau De Champlain
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	796
Buildings and Improvements	24,577
Costs Capitalized Subsequent to Acquisition	(854)
Gross Amount Carried at Close of Period
Land and Improvements	747
Buildings and Improvements	23,772
Total	24,519
Accumulated Depreciation	3,174
NBV	$ 21,345
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8305, Atria Merrywood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,678
Buildings and Improvements	36,892
Costs Capitalized Subsequent to Acquisition	2,487
Gross Amount Carried at Close of Period
Land and Improvements	1,724
Buildings and Improvements	39,333
Total	41,057
Accumulated Depreciation	9,919
NBV	$ 31,138
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8293, Atria Southpoint
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,921
Initial Cost to Company
Land and Improvements	2,130
Buildings and Improvements	25,920
Costs Capitalized Subsequent to Acquisition	912
Gross Amount Carried at Close of Period
Land and Improvements	2,135
Buildings and Improvements	26,827
Total	28,962
Accumulated Depreciation	4,921
NBV	$ 24,041
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8294, Atria Oakridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 14,768
Initial Cost to Company
Land and Improvements	1,482
Buildings and Improvements	28,838
Costs Capitalized Subsequent to Acquisition	1,017
Gross Amount Carried at Close of Period
Land and Improvements	1,519
Buildings and Improvements	29,818
Total	31,337
Accumulated Depreciation	5,435
NBV	$ 25,902
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8319, Atria Cranford
Real Estate and Accumulated Depreciation
Encumbrances	$ 25,067
Initial Cost to Company
Land and Improvements	8,260
Buildings and Improvements	61,411
Costs Capitalized Subsequent to Acquisition	4,730
Gross Amount Carried at Close of Period
Land and Improvements	8,382
Buildings and Improvements	66,019
Total	74,401
Accumulated Depreciation	15,581
NBV	$ 58,820
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8335, Atria Tinton Falls
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,580
Buildings and Improvements	13,258
Costs Capitalized Subsequent to Acquisition	1,257
Gross Amount Carried at Close of Period
Land and Improvements	6,756
Buildings and Improvements	14,339
Total	21,095
Accumulated Depreciation	4,324
NBV	$ 16,771
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8525, Atria Sunlake
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7
Buildings and Improvements	732
Costs Capitalized Subsequent to Acquisition	958
Gross Amount Carried at Close of Period
Land and Improvements	15
Buildings and Improvements	1,682
Total	1,697
Accumulated Depreciation	1,664
NBV	$ 33
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8526, Atria Sutton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	863
Costs Capitalized Subsequent to Acquisition	1,130
Gross Amount Carried at Close of Period
Land and Improvements	48
Buildings and Improvements	1,945
Total	1,993
Accumulated Depreciation	1,697
NBV	$ 296
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8587, Atria Seville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	796
Costs Capitalized Subsequent to Acquisition	1,452
Gross Amount Carried at Close of Period
Land and Improvements	11
Buildings and Improvements	2,237
Total	2,248
Accumulated Depreciation	1,427
NBV	$ 821
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8524, Atria Summit Ridge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4
Buildings and Improvements	407
Costs Capitalized Subsequent to Acquisition	546
Gross Amount Carried at Close of Period
Land and Improvements	20
Buildings and Improvements	937
Total	957
Accumulated Depreciation	802
NBV	$ 155
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8321, Atria Shaker
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,520
Buildings and Improvements	29,667
Costs Capitalized Subsequent to Acquisition	1,217
Gross Amount Carried at Close of Period
Land and Improvements	1,626
Buildings and Improvements	30,778
Total	32,404
Accumulated Depreciation	7,071
NBV	$ 25,333
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8330, Atria Crossgate
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,080
Buildings and Improvements	20,599
Costs Capitalized Subsequent to Acquisition	1,089
Gross Amount Carried at Close of Period
Land and Improvements	1,100
Buildings and Improvements	21,668
Total	22,768
Accumulated Depreciation	5,221
NBV	$ 17,547
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8467, Atria Woodlands
Real Estate and Accumulated Depreciation
Encumbrances	$ 45,490
Initial Cost to Company
Land and Improvements	7,660
Buildings and Improvements	65,581
Costs Capitalized Subsequent to Acquisition	2,397
Gross Amount Carried at Close of Period
Land and Improvements	7,718
Buildings and Improvements	67,920
Total	75,638
Accumulated Depreciation	15,345
NBV	$ 60,293
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8455, Atria Bay Shore
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,275
Initial Cost to Company
Land and Improvements	4,440
Buildings and Improvements	31,983
Costs Capitalized Subsequent to Acquisition	1,853
Gross Amount Carried at Close of Period
Land and Improvements	4,448
Buildings and Improvements	33,828
Total	38,276
Accumulated Depreciation	7,914
NBV	$ 30,362
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8313, Atria Briarcliff Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,560
Buildings and Improvements	33,885
Costs Capitalized Subsequent to Acquisition	2,003
Gross Amount Carried at Close of Period
Land and Improvements	6,725
Buildings and Improvements	35,723
Total	42,448
Accumulated Depreciation	8,673
NBV	$ 33,775
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8314, Atria Riverdale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,020
Buildings and Improvements	24,149
Costs Capitalized Subsequent to Acquisition	14,480
Gross Amount Carried at Close of Period
Land and Improvements	1,069
Buildings and Improvements	38,580
Total	39,649
Accumulated Depreciation	10,524
NBV	$ 29,125
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8341, Atria Delmar Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,201
Buildings and Improvements	24,850
Costs Capitalized Subsequent to Acquisition	719
Gross Amount Carried at Close of Period
Land and Improvements	1,219
Buildings and Improvements	25,551
Total	26,770
Accumulated Depreciation	3,733
NBV	$ 23,037
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8331, Atria East Northport
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	9,960
Buildings and Improvements	34,467
Costs Capitalized Subsequent to Acquisition	19,448
Gross Amount Carried at Close of Period
Land and Improvements	10,211
Buildings and Improvements	53,664
Total	63,875
Accumulated Depreciation	11,420
NBV	$ 52,455
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8439, Atria Glen Cove
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,035
Buildings and Improvements	25,190
Costs Capitalized Subsequent to Acquisition	1,123
Gross Amount Carried at Close of Period
Land and Improvements	2,057
Buildings and Improvements	26,291
Total	28,348
Accumulated Depreciation	11,551
NBV	$ 16,797
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8310, Atria Great Neck
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,390
Buildings and Improvements	54,051
Costs Capitalized Subsequent to Acquisition	19,217
Gross Amount Carried at Close of Period
Land and Improvements	3,390
Buildings and Improvements	73,268
Total	76,658
Accumulated Depreciation	11,785
NBV	$ 64,873
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8438, Atria Cutter Mill
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,750
Buildings and Improvements	47,919
Costs Capitalized Subsequent to Acquisition	2,867
Gross Amount Carried at Close of Period
Land and Improvements	2,761
Buildings and Improvements	50,775
Total	53,536
Accumulated Depreciation	10,914
NBV	$ 42,622
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8325, Atria Huntington
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,190
Buildings and Improvements	1,169
Costs Capitalized Subsequent to Acquisition	2,491
Gross Amount Carried at Close of Period
Land and Improvements	8,232
Buildings and Improvements	3,618
Total	11,850
Accumulated Depreciation	2,056
NBV	$ 9,794
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8269, Atria Hertlin House
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7,886
Buildings and Improvements	16,391
Costs Capitalized Subsequent to Acquisition	1,944
Gross Amount Carried at Close of Period
Land and Improvements	7,886
Buildings and Improvements	18,335
Total	26,221
Accumulated Depreciation	3,768
NBV	$ 22,453
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8329, Atria Lynbrook
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,145
Buildings and Improvements	5,489
Costs Capitalized Subsequent to Acquisition	1,187
Gross Amount Carried at Close of Period
Land and Improvements	3,176
Buildings and Improvements	6,645
Total	9,821
Accumulated Depreciation	2,344
NBV	$ 7,477
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8464, Atria Tanglewood
Real Estate and Accumulated Depreciation
Encumbrances	$ 24,095
Initial Cost to Company
Land and Improvements	4,120
Buildings and Improvements	37,348
Costs Capitalized Subsequent to Acquisition	935
Gross Amount Carried at Close of Period
Land and Improvements	4,145
Buildings and Improvements	38,258
Total	42,403
Accumulated Depreciation	8,408
NBV	$ 33,995
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8309, Atria 86th Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	80
Buildings and Improvements	73,685
Costs Capitalized Subsequent to Acquisition	5,856
Gross Amount Carried at Close of Period
Land and Improvements	167
Buildings and Improvements	79,454
Total	79,621
Accumulated Depreciation	18,543
NBV	$ 61,078
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8739, Atria on the Hudson
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,123
Buildings and Improvements	63,089
Costs Capitalized Subsequent to Acquisition	4,114
Gross Amount Carried at Close of Period
Land and Improvements	8,191
Buildings and Improvements	67,135
Total	75,326
Accumulated Depreciation	16,163
NBV	$ 59,163
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8327, Atria Penfield
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	620
Buildings and Improvements	22,036
Costs Capitalized Subsequent to Acquisition	967
Gross Amount Carried at Close of Period
Land and Improvements	723
Buildings and Improvements	22,900
Total	23,623
Accumulated Depreciation	5,383
NBV	$ 18,240
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8461, Atria Plainview
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,480
Buildings and Improvements	16,060
Costs Capitalized Subsequent to Acquisition	1,590
Gross Amount Carried at Close of Period
Land and Improvements	2,630
Buildings and Improvements	17,500
Total	20,130
Accumulated Depreciation	4,446
NBV	$ 15,684
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8436, Atria Rye Brook
Real Estate and Accumulated Depreciation
Encumbrances	$ 41,514
Initial Cost to Company
Land and Improvements	9,660
Buildings and Improvements	74,936
Costs Capitalized Subsequent to Acquisition	1,944
Gross Amount Carried at Close of Period
Land and Improvements	9,726
Buildings and Improvements	76,814
Total	86,540
Accumulated Depreciation	16,836
NBV	$ 69,704
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8312, Atria Kew Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,051
Buildings and Improvements	66,013
Costs Capitalized Subsequent to Acquisition	8,272
Gross Amount Carried at Close of Period
Land and Improvements	3,079
Buildings and Improvements	74,257
Total	77,336
Accumulated Depreciation	16,232
NBV	$ 61,104
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8458, Atria Forest Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,050
Buildings and Improvements	16,680
Costs Capitalized Subsequent to Acquisition	1,244
Gross Amount Carried at Close of Period
Land and Improvements	2,074
Buildings and Improvements	17,900
Total	19,974
Accumulated Depreciation	4,360
NBV	$ 15,614
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8328, Atria Greece
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	410
Buildings and Improvements	14,967
Costs Capitalized Subsequent to Acquisition	1,041
Gross Amount Carried at Close of Period
Land and Improvements	639
Buildings and Improvements	15,779
Total	16,418
Accumulated Depreciation	3,893
NBV	$ 12,525
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8437, Atria on Roslyn Harbor
Real Estate and Accumulated Depreciation
Encumbrances	$ 65,000
Initial Cost to Company
Land and Improvements	12,909
Buildings and Improvements	72,720
Costs Capitalized Subsequent to Acquisition	2,231
Gross Amount Carried at Close of Period
Land and Improvements	12,974
Buildings and Improvements	74,886
Total	87,860
Accumulated Depreciation	16,287
NBV	$ 71,573
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8738, Atria Guilderland
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,170
Buildings and Improvements	22,414
Costs Capitalized Subsequent to Acquisition	601
Gross Amount Carried at Close of Period
Land and Improvements	1,171
Buildings and Improvements	23,014
Total	24,185
Accumulated Depreciation	5,225
NBV	$ 18,960
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8323, Atria South Setauket
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,450
Buildings and Improvements	14,534
Costs Capitalized Subsequent to Acquisition	1,514
Gross Amount Carried at Close of Period
Land and Improvements	8,832
Buildings and Improvements	15,666
Total	24,498
Accumulated Depreciation	5,403
NBV	$ 19,095
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8977, The Court At Brooklin
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,515
Buildings and Improvements	35,602
Costs Capitalized Subsequent to Acquisition	(1,674)
Gross Amount Carried at Close of Period
Land and Improvements	2,346
Buildings and Improvements	34,097
Total	36,443
Accumulated Depreciation	4,141
NBV	$ 32,302
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8973, Burlington Gardens
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7,560
Buildings and Improvements	50,744
Costs Capitalized Subsequent to Acquisition	(3,614)
Gross Amount Carried at Close of Period
Land and Improvements	7,009
Buildings and Improvements	47,681
Total	54,690
Accumulated Depreciation	5,602
NBV	$ 49,088
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8979, The Court At Rushdale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,799
Buildings and Improvements	34,633
Costs Capitalized Subsequent to Acquisition	(1,379)
Gross Amount Carried at Close of Period
Land and Improvements	1,663
Buildings and Improvements	33,390
Total	35,053
Accumulated Depreciation	4,040
NBV	$ 31,013
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8983, Kingsdale Chateau
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,221
Buildings and Improvements	36,272
Costs Capitalized Subsequent to Acquisition	(1,383)
Gross Amount Carried at Close of Period
Land and Improvements	2,059
Buildings and Improvements	35,051
Total	37,110
Accumulated Depreciation	4,247
NBV	$ 32,863
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8981, Crystal View Lodge
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,587
Buildings and Improvements	37,243
Costs Capitalized Subsequent to Acquisition	(1,274)
Gross Amount Carried at Close of Period
Land and Improvements	1,657
Buildings and Improvements	35,899
Total	37,556
Accumulated Depreciation	4,354
NBV	$ 33,202
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8980, The Court At Barrhaven
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,778
Buildings and Improvements	33,922
Costs Capitalized Subsequent to Acquisition	(1,218)
Gross Amount Carried at Close of Period
Land and Improvements	1,667
Buildings and Improvements	32,815
Total	34,482
Accumulated Depreciation	4,110
NBV	$ 30,372
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8991, Stamford Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,414
Buildings and Improvements	29,439
Costs Capitalized Subsequent to Acquisition	(1,744)
Gross Amount Carried at Close of Period
Land and Improvements	1,307
Buildings and Improvements	27,802
Total	29,109
Accumulated Depreciation	3,525
NBV	$ 25,584
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8990, Sherbrooke Heights
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,485
Buildings and Improvements	33,747
Costs Capitalized Subsequent to Acquisition	(1,280)
Gross Amount Carried at Close of Period
Land and Improvements	2,300
Buildings and Improvements	32,652
Total	34,952
Accumulated Depreciation	4,122
NBV	$ 30,830
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8971, Anchor Pointe
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,214
Buildings and Improvements	24,056
Costs Capitalized Subsequent to Acquisition	(1,790)
Gross Amount Carried at Close of Period
Land and Improvements	7,593
Buildings and Improvements	22,887
Total	30,480
Accumulated Depreciation	3,259
NBV	$ 27,221
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8978, The Court At Pringle Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,965
Buildings and Improvements	39,206
Costs Capitalized Subsequent to Acquisition	(2,173)
Gross Amount Carried at Close of Period
Land and Improvements	2,796
Buildings and Improvements	37,202
Total	39,998
Accumulated Depreciation	4,599
NBV	$ 35,399
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8338, Atria Bethlehem
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,479
Buildings and Improvements	22,870
Costs Capitalized Subsequent to Acquisition	872
Gross Amount Carried at Close of Period
Land and Improvements	2,492
Buildings and Improvements	23,729
Total	26,221
Accumulated Depreciation	5,905
NBV	$ 20,316
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8433, Atria Center City
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,460
Buildings and Improvements	18,291
Costs Capitalized Subsequent to Acquisition	15,109
Gross Amount Carried at Close of Period
Land and Improvements	3,475
Buildings and Improvements	33,385
Total	36,860
Accumulated Depreciation	5,427
NBV	$ 31,433
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8742, Atria Woodbridge Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,510
Buildings and Improvements	19,130
Costs Capitalized Subsequent to Acquisition	990
Gross Amount Carried at Close of Period
Land and Improvements	1,526
Buildings and Improvements	20,104
Total	21,630
Accumulated Depreciation	4,941
NBV	$ 16,689
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8339, Atria South Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	880
Buildings and Improvements	10,884
Costs Capitalized Subsequent to Acquisition	764
Gross Amount Carried at Close of Period
Land and Improvements	913
Buildings and Improvements	11,615
Total	12,528
Accumulated Depreciation	3,221
NBV	$ 9,307
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8993, La Residence Steger
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,995
Buildings and Improvements	10,926
Costs Capitalized Subsequent to Acquisition	425
Gross Amount Carried at Close of Period
Land and Improvements	1,884
Buildings and Improvements	11,462
Total	13,346
Accumulated Depreciation	1,912
NBV	$ 11,434
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8602, Atria Bay Spring Village
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,000
Buildings and Improvements	33,400
Costs Capitalized Subsequent to Acquisition	2,613
Gross Amount Carried at Close of Period
Land and Improvements	2,080
Buildings and Improvements	35,933
Total	38,013
Accumulated Depreciation	9,137
NBV	$ 28,876
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8744, Atria Harborhill Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,089
Buildings and Improvements	21,702
Costs Capitalized Subsequent to Acquisition	1,519
Gross Amount Carried at Close of Period
Land and Improvements	2,179
Buildings and Improvements	23,131
Total	25,310
Accumulated Depreciation	5,562
NBV	$ 19,748
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8745, Atria Lincoln Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,440
Buildings and Improvements	12,686
Costs Capitalized Subsequent to Acquisition	1,027
Gross Amount Carried at Close of Period
Land and Improvements	1,475
Buildings and Improvements	13,678
Total	15,153
Accumulated Depreciation	3,755
NBV	$ 11,398
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8743, Atria Aquidneck Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,810
Buildings and Improvements	31,623
Costs Capitalized Subsequent to Acquisition	865
Gross Amount Carried at Close of Period
Land and Improvements	2,814
Buildings and Improvements	32,484
Total	35,298
Accumulated Depreciation	7,007
NBV	$ 28,291
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8263, Atria Forest Lake
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	670
Buildings and Improvements	13,946
Costs Capitalized Subsequent to Acquisition	837
Gross Amount Carried at Close of Period
Land and Improvements	684
Buildings and Improvements	14,769
Total	15,453
Accumulated Depreciation	3,451
NBV	$ 12,002
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8986, Primrose Chateau
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,611
Buildings and Improvements	32,729
Costs Capitalized Subsequent to Acquisition	(1,634)
Gross Amount Carried at Close of Period
Land and Improvements	2,484
Buildings and Improvements	31,222
Total	33,706
Accumulated Depreciation	3,885
NBV	$ 29,821
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8985, Mulberry Estates
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,173
Buildings and Improvements	31,791
Costs Capitalized Subsequent to Acquisition	(1,381)
Gross Amount Carried at Close of Period
Land and Improvements	2,103
Buildings and Improvements	30,480
Total	32,583
Accumulated Depreciation	3,829
NBV	$ 28,754
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8988, Queen Victoria
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,018
Buildings and Improvements	34,109
Costs Capitalized Subsequent to Acquisition	(1,596)
Gross Amount Carried at Close of Period
Land and Improvements	2,789
Buildings and Improvements	32,742
Total	35,531
Accumulated Depreciation	4,019
NBV	$ 31,512
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8205, Atria Weston Place
Real Estate and Accumulated Depreciation
Encumbrances	$ 9,158
Initial Cost to Company
Land and Improvements	793
Buildings and Improvements	7,961
Costs Capitalized Subsequent to Acquisition	1,113
Gross Amount Carried at Close of Period
Land and Improvements	967
Buildings and Improvements	8,900
Total	9,867
Accumulated Depreciation	2,482
NBV	$ 7,385
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8284 Atria Villiage at Arboretum
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,280
Buildings and Improvements	61,764
Costs Capitalized Subsequent to Acquisition	923
Gross Amount Carried at Close of Period
Land and Improvements	8,342
Buildings and Improvements	62,625
Total	70,967
Accumulated Depreciation	11,628
NBV	$ 59,339
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8243, Atria Carrollton
Real Estate and Accumulated Depreciation
Encumbrances	$ 6,259
Initial Cost to Company
Land and Improvements	360
Buildings and Improvements	20,465
Costs Capitalized Subsequent to Acquisition	1,270
Gross Amount Carried at Close of Period
Land and Improvements	370
Buildings and Improvements	21,725
Total	22,095
Accumulated Depreciation	5,247
NBV	$ 16,848
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8247, Atria Grapevine
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,070
Buildings and Improvements	23,104
Costs Capitalized Subsequent to Acquisition	789
Gross Amount Carried at Close of Period
Land and Improvements	2,080
Buildings and Improvements	23,883
Total	25,963
Accumulated Depreciation	5,523
NBV	$ 20,440
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8254, Atria Westchase
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,318
Buildings and Improvements	22,278
Costs Capitalized Subsequent to Acquisition	1,075
Gross Amount Carried at Close of Period
Land and Improvements	2,322
Buildings and Improvements	23,349
Total	25,671
Accumulated Depreciation	5,578
NBV	$ 20,093
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8349, Atria Cinco Ranch
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,171
Buildings and Improvements	73,287
Costs Capitalized Subsequent to Acquisition	967
Gross Amount Carried at Close of Period
Land and Improvements	3,176
Buildings and Improvements	74,249
Total	77,425
Accumulated Depreciation	6,972
NBV	$ 70,453
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8218, Atria Kingwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,170
Buildings and Improvements	4,518
Costs Capitalized Subsequent to Acquisition	697
Gross Amount Carried at Close of Period
Land and Improvements	1,192
Buildings and Improvements	5,193
Total	6,385
Accumulated Depreciation	1,644
NBV	$ 4,741
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8292, Atria at Hometown
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,932
Buildings and Improvements	30,382
Costs Capitalized Subsequent to Acquisition	1,294
Gross Amount Carried at Close of Period
Land and Improvements	1,963
Buildings and Improvements	31,645
Total	33,608
Accumulated Depreciation	5,945
NBV	$ 27,663
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8291, Atria Canyon Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,110
Buildings and Improvements	45,999
Costs Capitalized Subsequent to Acquisition	1,360
Gross Amount Carried at Close of Period
Land and Improvements	3,148
Buildings and Improvements	47,321
Total	50,469
Accumulated Depreciation	8,528
NBV	$ 41,941
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8257, Atria Richardson
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,590
Buildings and Improvements	23,662
Costs Capitalized Subsequent to Acquisition	1,178
Gross Amount Carried at Close of Period
Land and Improvements	1,600
Buildings and Improvements	24,830
Total	26,430
Accumulated Depreciation	5,570
NBV	$ 20,860
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8215, Atria Cypresswood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	880
Buildings and Improvements	9,192
Costs Capitalized Subsequent to Acquisition	(2,884)
Gross Amount Carried at Close of Period
Land and Improvements	897
Buildings and Improvements	6,291
Total	7,188
Accumulated Depreciation	2,466
NBV	$ 4,722
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8252, Atria Sugar Land
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	970
Buildings and Improvements	17,542
Costs Capitalized Subsequent to Acquisition	885
Gross Amount Carried at Close of Period
Land and Improvements	980
Buildings and Improvements	18,417
Total	19,397
Accumulated Depreciation	4,338
NBV	$ 15,059
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8234, Atria Copeland
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,879
Buildings and Improvements	17,901
Costs Capitalized Subsequent to Acquisition	874
Gross Amount Carried at Close of Period
Land and Improvements	1,888
Buildings and Improvements	18,766
Total	20,654
Accumulated Depreciation	4,613
NBV	$ 16,041
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8266, Atria Willow Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	920
Buildings and Improvements	31,271
Costs Capitalized Subsequent to Acquisition	1,169
Gross Amount Carried at Close of Period
Land and Improvements	982
Buildings and Improvements	32,378
Total	33,360
Accumulated Depreciation	7,815
NBV	$ 25,545
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | 8239, Atria Virginia Beach (Hilltop)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,749
Buildings and Improvements	33,004
Costs Capitalized Subsequent to Acquisition	710
Gross Amount Carried at Close of Period
Land and Improvements	1,754
Buildings and Improvements	33,709
Total	35,463
Accumulated Depreciation	7,919
NBV	$ 27,544
Life on Which Depreciation in Income Statement is Computed	35 years
Atria | Seniors Housing Communities | vt00018, Amberwood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,320
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,320
Buildings and Improvements	0
Total	1,320
Accumulated Depreciation	0
NBV	1,320
Atria | Seniors Housing Communities | Atria Other Projects
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	428
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	428
Total	428
Accumulated Depreciation	0
NBV	$ 428

Schedule IV - Real Estate Mo112

Schedule IV - Real Estate Mortgage Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)loan
Mortgage Loans on Real Estate [Line Items]
Monthly Debt Service	$ 4,338
Face Value	566,314
Net Book Value	565,875
Prior liens	$ 2,981,259
First Mortgages | Multiple | Variable Rate Loans due 2019
Mortgage Loans on Real Estate [Line Items]
Number of RE Assets | loan	3,000
Interest Rate	9.77%
Monthly Debt Service	$ 137
Face Value	17,023
Net Book Value	17,023
Prior liens	$ 0
First Mortgages | Ohio | Variable Rate Loans Due 2021
Mortgage Loans on Real Estate [Line Items]
Number of RE Assets | loan	5,000
Interest Rate	8.13%
Monthly Debt Service	$ 535
Face Value	78,448
Net Book Value	78,448
Prior liens	$ 0
Mezzanine Loans | Multiple
Mortgage Loans on Real Estate [Line Items]
Number of RE Assets | loan	31,000
Interest Rate	9.95%
Monthly Debt Service	$ 1,091
Face Value	121,699
Net Book Value	121,699
Prior liens	$ 1,420,844
Mezzanine Loans | Multiple
Mortgage Loans on Real Estate [Line Items]
Number of RE Assets | loan	179,000
Interest Rate	8.27%
Monthly Debt Service	$ 2,138
Face Value	290,099
Net Book Value	290,099
Prior liens	$ 1,560,415
Construction Loans | Colorado
Mortgage Loans on Real Estate [Line Items]
Number of RE Assets | loan	1,000
Interest Rate	8.75%
Monthly Debt Service	$ 437
Face Value	59,045
Net Book Value	58,606
Prior liens	$ 0

Schedule IV - Real Estate Mo113

Schedule IV - Real Estate Mortgage Loans (Mortgage Loan Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement in Mortgage Loans on Real Estate [Roll Forward]
Beginning Balance	$ 634,969	$ 784,821	$ 747,456
New Loans	0	140,000	88,648
Construction Draws	0	13,403	53,708
Total additions	0	153,403	142,356
Principal Repayments	(68,655)	(303,255)	(99,467)
Spin Off	0	0	(5,524)
Total deductions	(68,655)	(303,255)	(104,991)
Ending Balance	$ 566,314	$ 634,969	$ 784,821