Ventas (VTR) 10-K24 Feb 202019 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
Document and Entity Information - USD ($) $ in Billions	Dec. 31, 2019	Feb. 17, 2020	Jun. 28, 2019
Document and Entity Information [Abstract]
Document Annual Report	true
Documents Incorporated by Reference [Text Block]	DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive Proxy Statement for the Annual Meeting of Stockholders to be held on May 19, 2020 are incorporated by reference into Part III, Items 10 through 14 of this Annual Report on Form 10-K.
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	1-10989
Entity Registrant Name	Ventas, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	61-1055020
Entity Address, Address Line One	353 N. Clark Street
Entity Address, Address Line Two	Suite 3300
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Country	US
Entity Address, Postal Zip Code	60654
City Area Code	877
Local Phone Number	483-6827
Trading Symbol	VTR
Title of 12(b) Security	Common Stock, $0.25 par value
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 25.1
Entity Common Stock, Shares Outstanding		372,860,471
Entity Central Index Key	0000740260
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate investments:
Land and improvements	$ 2,283,929	$ 2,114,406
Buildings and improvements	24,380,440	22,437,243
Construction in progress	461,354	422,334
Acquired lease intangibles	1,306,152	1,502,955
Operating lease assets	385,225	0
Real estate investments, gross	28,817,100	26,476,938
Accumulated depreciation and amortization	(7,088,013)	(6,383,281)
Net real estate property	21,729,087	20,093,657
Secured loans receivable and investments, net	704,612	495,869
Investments in unconsolidated real estate entities	45,022	48,378
Net real estate investments	22,478,721	20,637,904
Cash and cash equivalents	106,363	72,277
Escrow deposits and restricted cash	39,739	59,187
Goodwill	1,051,161	1,050,548
Assets held for sale	91,433	5,454
Deferred income tax assets, net	47,495	0
Other assets	877,296	759,185
Total assets	24,692,208	22,584,555
Liabilities:
Senior notes payable and other debt	12,158,773	10,733,699
Accrued interest	111,115	99,667
Operating lease liabilities	251,196	0
Accounts payable and other liabilities	1,145,700	1,086,030
Liabilities related to assets held for sale	5,463	205
Deferred income tax liabilities	200,831
Deferred income tax liabilities, net		205,219
Total liabilities	13,873,078	12,124,820
Redeemable OP unitholder and noncontrolling interests	273,678	188,141
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, 372,811 and 356,572 shares issued at December 31, 2019 and 2018, respectively	93,185	89,125
Capital in excess of par value	14,056,453	13,076,528
Accumulated other comprehensive loss	(34,564)	(19,582)
Retained earnings (deficit)	(3,669,050)	(2,930,214)
Treasury stock, 2 and 0 shares at December 31, 2019 and 2018, respectively	(132)	0
Total Ventas stockholders’ equity	10,445,892	10,215,857
Noncontrolling interests	99,560	55,737
Total equity	10,545,452	10,271,594
Total liabilities and equity	$ 24,692,208	$ 22,584,555

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
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	372,811,000	356,572,000
Treasury stock, shares	2,000	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues
Rental income	$ 1,609,876	$ 1,513,807	$ 1,593,598
Income from loans and investments	89,201	124,218	117,608
Interest and other income	10,984	24,892	6,034
Total revenues	3,872,750	3,745,810	3,574,149
Expenses
Interest	451,662	442,497	448,196
Depreciation and amortization	1,045,620	919,639	887,948
Property-level operating expenses:
Property-level operating expenses	1,808,208	1,689,880	1,483,072
Office building services costs	2,319	1,418	3,391
General, administrative and professional fees	165,996	151,982	135,490
Loss on extinguishment of debt, net	41,900	58,254	754
Merger-related expenses and deal costs	15,235	30,547	10,535
Other	(17,609)	66,768	20,052
Total expenses	3,513,331	3,360,985	2,989,438
Income before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests	359,419	384,825	584,711
Loss from unconsolidated entities	(2,454)	(55,034)	(561)
Gain on real estate dispositions	26,022	46,247	717,273
Income tax benefit	56,310	39,953	59,799
Income from continuing operations	439,297	415,991	1,361,222
Discontinued operations	0	(10)	(110)
Net income	439,297	415,981	1,361,112
Net income attributable to noncontrolling interests	6,281	6,514	4,642
Net income attributable to common stockholders	$ 433,016	$ 409,467	$ 1,356,470
Basic:
Income from continuing operations (USD per share)	$ 1.20	$ 1.17	$ 3.83
Net income attributable to common stockholders (USD per share)	1.18	1.15	3.82
Diluted:
Income from continuing operations (USD per share)	1.19	1.16	3.80
Net income attributable to common stockholders (USD per share)	$ 1.17	$ 1.14	$ 3.78
Triple Net Leased Properties
Revenues
Rental income	$ 780,898	$ 737,796	$ 840,131
Property-level operating expenses:
Property-level operating expenses	26,561	0	0
Office Operations
Revenues
Rental income	828,978	776,011	753,467
Property-level operating expenses:
Property-level operating expenses	260,249	243,679	233,007
Resident Fees and Services
Revenues
Revenue from contracts with customers	2,151,533	2,069,477	1,843,232
Office Building and Other Services Revenue
Revenues
Revenue from contracts with customers	11,156	13,416	13,677
Senior Living Operations
Property-level operating expenses:
Property-level operating expenses	$ 1,521,398	$ 1,446,201	$ 1,250,065

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 439,297	$ 415,981	$ 1,361,112
Other comprehensive (loss) income:
Foreign currency translation	5,729	(9,436)	20,612
Unrealized gain (loss) on available for sale securities	11,634	14,944	(437)
Derivative instruments	(30,814)	10,030	2,239
Total other comprehensive (loss) income	(13,451)	15,538	22,414
Comprehensive income	425,846	431,519	1,383,526
Comprehensive income attributable to noncontrolling interests	7,649	6,514	4,642
Comprehensive income attributable to common stockholders	$ 418,197	$ 425,005	$ 1,378,884

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 Loss	Retained Earnings (Deficit)	Treasury Stock	Non- controlling Interests
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 attributable to common stockholders	1,356,470	1,356,470	0	0	0	1,356,470	0
Net income attributable to noncontrolling interests	4,642							4,642
Net income	1,361,112
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
Increase (decrease) in shareholders' equity
Cumulative effect of new accounting principle in period of adoption	30,643	30,643	0	0	0	30,643	0	0
Net income attributable to common stockholders	409,467	409,467	0	0	0	409,467	0
Net income attributable to noncontrolling interests	6,514							6,514
Net income	415,981
Other comprehensive income (loss)	15,538	15,538	0	0	15,538	0	0	0
Net change in noncontrolling interests	(24,206)	(7,470)	0	(7,470)	0	0	0	(16,736)
Dividends to common stockholders	(1,129,626)	(1,129,626)	0	0	0	(1,129,626)	0	0
Issuance of common stock for stock plans	12,909	12,909	49	11,542	0	0	1,318	0
Adjust redeemable OP Unitholder Interests to current fair value	(3,323)	(3,323)	0	(3,323)	0	0	0	0
Redemption of OP Units	(128)	(128)	3	(383)	0	0	252	0
Grant of restricted stock, net of forfeitures	21,621	21,621	44	23,105	0	0	(1,528)	0
Balance at Dec. 31, 2018	10,271,594	10,215,857	89,125	13,076,528	(19,582)	(2,930,214)	0	55,737
Increase (decrease) in shareholders' equity
Cumulative effect of new accounting principle in period of adoption	638	638	0	0	(163)	801	0	0
Net income attributable to common stockholders	433,016	433,016	0	0	0	433,016	0
Net income attributable to noncontrolling interests	6,281							6,281
Net income	439,297
Other comprehensive income (loss), before tax, portion attributable to parent		(14,819)	0	0	(14,819)	0	0
Comprehensive income attributable to noncontrolling interests								1,368
Other comprehensive income (loss)	(13,451)
Net change in noncontrolling interests	23,842	(12,332)	0	(12,332)	0	0	0	36,174
Dividends to common stockholders	(1,172,653)	(1,172,653)	0	0	0	(1,172,653)	0	0
Issuance of common stock	942,338	942,338	3,829	938,509	0	0	0	0
Issuance of common stock for stock plans	71,320	71,320	152	64,581	0	0	6,587	0
Adjust redeemable OP Unitholder Interests to current fair value	(7,388)	(7,388)	0	(7,388)	0	0	0	0
Redemption of OP Units	(738)	(738)	1	(739)	0	0	0	0
Grant of restricted stock, net of forfeitures	(9,347)	(9,347)	78	(2,706)	0	0	(6,719)	0
Balance at Dec. 31, 2019	$ 10,545,452	$ 10,445,892	$ 93,185	$ 14,056,453	$ (34,564)	$ (3,669,050)	$ (132)	$ 99,560

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended							12 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Dividends to common stockholders, per share (in dollars per share)	$ 0.7925	$ 0.7925	$ 0.7925	$ 0.7925	$ 0.79	$ 0.79	$ 0.79	$ 3.17000	$ 3.16250	$ 3.11500

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income	$ 439,297	$ 415,981	$ 1,361,112
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,045,620	919,639	887,948
Amortization of deferred revenue and lease intangibles, net	(7,967)	(30,660)	(20,537)
Other non-cash amortization	22,985	18,886	16,058
Stock-based compensation	33,923	29,963	26,543
Straight-lining of rental income	(30,073)	13,396	(23,134)
Loss on extinguishment of debt, net	41,900	58,254	754
Gain on real estate dispositions	(26,022)	(46,247)	(717,273)
Gain on real estate loan investments	0	(13,202)	(124)
Income tax benefit	(58,918)	(43,026)	(63,599)
Loss from unconsolidated entities	2,464	55,034	3,588
Gain on re-measurement of equity interest upon acquisition, net	0	0	(3,027)
Distributions from unconsolidated entities	1,600	2,934	4,676
Real estate impairments related to natural disasters	0	52,510	4,616
Other	13,264	3,720	4,624
Changes in operating assets and liabilities:
Increase in other assets	(76,693)	(23,198)	(29,282)
Increase in accrued interest	9,737	4,992	11,068
Increase (decrease) in accounts payable and other liabilities	26,666	(37,509)	(35,259)
Net cash provided by operating activities	1,437,783	1,381,467	1,428,752
Cash flows from investing activities:
Net investment in real estate property	(958,125)	(265,907)	(664,684)
Investment in loans receivable	(1,258,187)	(229,534)	(748,119)
Proceeds from real estate disposals	147,855	353,792	859,874
Proceeds from loans receivable	1,017,309	911,540	101,097
Development project expenditures	(403,923)	(330,876)	(299,085)
Capital expenditures	(156,724)	(131,858)	(132,558)
Distributions from unconsolidated entities	172	57,455	6,169
Investment in unconsolidated entities	(3,855)	(47,007)	(61,220)
Insurance proceeds for property damage claims	30,179	6,891	1,419
Net cash provided by (used in) investing activities	(1,585,299)	324,496	(937,107)
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	(569,891)	321,463	384,783
Net change in borrowings under commercial paper program	565,524	0	0
Proceeds from debt	3,013,191	2,549,473	1,111,649
Repayment of debt	(2,623,916)	(3,465,579)	(1,369,084)
Purchase of noncontrolling interests	0	(4,724)	(15,809)
Payment of deferred financing costs	(21,403)	(20,612)	(27,297)
Issuance of common stock, net	942,085	0	73,596
Cash distribution to common stockholders	(1,157,720)	(1,127,143)	(827,285)
Cash distribution to redeemable OP unitholders	(9,218)	(7,459)	(5,677)
Cash issued for redemption of OP Units	(2,203)	(1,370)	0
Contributions from noncontrolling interests	6,282	1,883	4,402
Distributions to noncontrolling interests	(9,717)	(11,574)	(11,187)
Proceeds from stock option exercises	36,179	8,762	16,287
Other	(8,519)	(5,057)	(5,705)
Net cash provided by (used in) financing activities	160,674	(1,761,937)	(671,327)
Net increase (decrease) in cash, cash equivalents and restricted cash	13,158	(55,974)	(179,682)
Effect of foreign currency translation	1,480	(815)	581
Cash, cash equivalents and restricted cash at beginning of period	131,464	188,253	367,354
Cash, cash equivalents and restricted cash, end of period	146,102	131,464	188,253
Supplemental disclosure of cash flow information:
Interest paid including swap payments and receipts	410,584	406,907	409,890
Assets acquired and liabilities assumed from acquisitions and other:
Real estate investments	1,057,138	94,280	425,906
Other assets	11,140	5,398	(3,716)
Debt	907,746	30,508	75,231
Other liabilities	47,121	18,086	70,878
Deferred income tax liability	95	922	(14,869)
Noncontrolling interests	113,316	2,591	4,202
Equity issued	0	30,487	0
Equity issued for redemption of OP Units	$ 127	$ 907	$ 24,002

Description of Business

Description of Business	12 Months Ended
Description of Business	Dec. 31, 2019
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, research and innovation, and healthcare properties located throughout the United States, Canada and the United Kingdom. As of December 31, 2019 , we owned approximately 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”), research and innovation centers, inpatient rehabilitation facilities (“IRFs”) and long-term acute care facilities (“LTACs”), and health systems. We had 22 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, research and innovation, and healthcare properties through acquisitions and lease our properties to unaffiliated tenants or operate them through independent third-party managers. As of December 31, 2019 , we leased a total of 412 properties (excluding properties within our office operations reportable business segment) 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. 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, LLC (formerly Kindred Healthcare, Inc., together with its subsidiaries, “Kindred”) leased from us 122 properties (excluding two properties managed by Brookdale Senior Living pursuant to long-term management agreements), 11 properties and 32 properties , respectively, as of December 31, 2019 . As of December 31, 2019 , 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 406 seniors housing communities for us. 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.

Accounting Policies

Accounting Policies	12 Months Ended
Accounting Policies	Dec. 31, 2019
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 or partners. 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 (“LP”) interests or there is an increase or decrease in the number of outstanding LP interests. We also apply this guidance to managing member interests in limited liability companies (“LLCs”). 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 research and innovation projects by tax credit investors (“TCIs”). We have determined that these special purpose entities are VIEs, we are a holder of variable interests 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, 2019 December 31, 2018 Total Assets Total Liabilities Total Assets Total Liabilities (In thousands) NHP/PMB L.P. $ 666,404 $ 244,934 $ 673,467 $ 238,147 Other identified VIEs 4,075,821 1,459,830 2,076,715 405,350 Tax credit VIEs 845,229 333,809 797,077 297,004 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 the HLBV method, in any given period, we could record more or less income than the joint venture has generated, than actual cash distributions we receive 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 (“PMB”). Given our wholly owned subsidiary is the general partner and the primary beneficiary of NHP/PMB, we consolidate it as a VIE. As of December 31, 2019 , third party investors owned 3.3 million Class A limited partnership units in NHP/PMB (“OP Units”), which represented 31% of the total units then outstanding, and we owned 7.3 million Class B limited partnership units in NHP/PMB, representing the remaining 69% . 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 because 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 limited partnership units (“Class C Units”) outstanding. 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 are classified outside of permanent equity on our Consolidated Balance Sheets. We reflect the redeemable OP Units at the greater of cost or redemption value. As of December 31, 2019 and 2018 , the fair value of the redeemable OP Units was $171.2 million and $174.6 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 Units. Our diluted earnings per share includes the effect of any potential shares outstanding from redemption of the OP Units. Certain noncontrolling interests of other consolidated joint ventures were also classified as redeemable at December 31, 2019 and 2018 . 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, and comprehensive income, 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. We include net income attributable to the noncontrolling interests in net income in our Consolidated Statements of Income and we include the noncontrolling interests share of comprehensive income in our Consolidated Statements of Comprehensive Income. Accounting for Historic and New Markets Tax Credits For certain of our research 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 markets tax credits (“NMTCs”). As of December 31, 2019 , we owned ten properties, including one property in development, that had syndicated HTCs or NMTCs, or both, to TCIs. In general, TCIs invest cash 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 nominal 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 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 investment 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 investment 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 When we acquire real estate, we first make reasonable judgments about whether the transaction involves an asset or a business. Our real estate acquisitions are generally accounted for as asset acquisitions as substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. 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. 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. Intangibles primarily include the value of in-place leases and acquired lease contracts. 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. 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. 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. Where we are the lessee, we record the acquisition date values of leases, including any above or below market value, within operating lease assets and operating lease liabilities on our Consolidated Balance Sheets. 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 real estate 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, have 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. If at any time we determine that the criteria for classifying assets as held for sale are no longer met, we reclassify assets within net real estate investments on our Consolidated Balance Sheets for all periods presented. The carrying amount of these assets is adjusted (in the period in which a change in classification is determined) to reflect any depreciation expense that would have been recognized had the asset been continuously classified as net real estate investments. 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 is classified as held for sale on the acquisition date. 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 collectability 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 $20.2 million , $18.1 million and $18.9 million were included in interest expense for the years ended December 31, 2019 , 2018 and 2017 , respectively. Available for Sale Securities We classify available for sale securities 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 available for sale 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 consolidated and 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 any noncontrolling interests’ proportionate share of the changes in fair value of swap contracts of our consolidated joint ventures in noncontrolling interests 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 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 assessm

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
Concentration of Credit Risk	Dec. 31, 2019
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	NOTE 3—CONCENTRATION OF CREDIT RISK As of December 31, 2019 , Atria, Sunrise, Brookdale Senior Living, Ardent and Kindred managed or operated approximately 20.4% , 10.3% , 7.7% , 4.7% and 1.0% , respectively, of our consolidated real estate investments based on gross book value (excluding properties classified as held for sale as of December 31, 2019 ). 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 18.8% and 43.4% of our consolidated 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 as of December 31, 2019 ). MOBs, research and innovation centers, IRFs and LTACs, health systems, skilled nursing facilities (“SNFs”) and secured loans receivable and investments collectively comprised the remaining 37.8% . Our consolidated properties were located in 45 states, the District of Columbia, seven Canadian provinces and the United Kingdom as of December 31, 2019 , 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, 2019 , 2018 and 2017 . Triple-Net Leased Properties The following table reflects the concentration risk related to our triple-net leased properties for the periods presented: For the Years Ended December 31, 2019 2018 2017 Revenues (1) : Brookdale Senior Living (2) 4.7 % 4.3 % 4.7 % Ardent 3.1 3.1 3.1 Kindred (3) 3.3 3.5 4.6 NOI: Brookdale Senior Living (2) 8.7 % 7.6 % 8.0 % Ardent 5.8 5.7 5.3 Kindred (3) 6.3 6.4 7.9 (1) Total revenues include office building and other services revenue, income from loans and investments and interest and other income. (2) 2018 results include the impact of a net non-cash charge of $21.3 million related to April 2018 lease extensions. (3) 2017 results include amounts related to 36 SNFs that were sold during 2017. 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. 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, 2019 , 2018 and 2017 . If 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 or 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. In April 2018, we entered into various agreements with Brookdale Senior Living that provide for, among other things: (a) a consolidation of substantially all of our multiple lease agreements with Brookdale Senior Living into one master lease; (b) extension of the term for substantially all of our Brookdale Senior Living leased properties until December 31, 2025, with Brookdale Senior Living retaining two successive 10 year renewal options; and (c) the guarantee of all the Brookdale Senior Living obligations to us by Brookdale Senior Living Inc., including covenant protections for us. In connection with these agreements, we recognized a net non-cash expense of $21.3 million for the acceleration of straight-line rent receivables, net unamortized market lease intangibles and deferred revenues, which is included in triple-net leased rental income in our Consolidated Statements of Income. We also received a fee of $2.5 million that is being amortized over the new lease term. In July 2018, Kindred closed transactions (the “Go Private Transactions”) pursuant to which (a) Kindred would be acquired by a consortium of TPG Capital (“TPG”), Welsh, Carson, Anderson & Stowe (“WCAS”) and Humana, Inc. and (b) immediately following the acquisition, (i) Kindred’s home health, hospice and community care businesses would be separated from Kindred and operated as a standalone company owned by Humana, Inc., TPG and WCAS, and (ii) Kindred would be operated as a separate healthcare company owned by TPG and WCAS. In connection with the closing of the transactions, we received a payment from Kindred of $12.3 million , which was recognized in interest and other income in our Consolidated Statements of Income during the third quarter of 2018. 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, 2019 (excluding properties classified as held for sale as of December 31, 2019 ): Brookdale Senior Living Ardent Kindred Other Total (In thousands) 2020 $ 184,141 $ 122,348 $ 130,790 $ 891,141 $ 1,328,420 2021 183,774 122,348 130,786 829,610 1,266,518 2022 183,398 122,348 130,790 743,575 1,180,111 2023 183,000 122,348 110,365 680,422 1,096,135 2024 182,600 122,348 100,153 627,798 1,032,899 Thereafter 182,189 1,292,096 40,358 2,633,754 4,148,397 Total $ 1,099,102 $ 1,903,836 $ 643,242 $ 6,406,300 $ 10,052,480 Senior Living Operations As of December 31, 2019 , Atria and Sunrise, collectively, provided comprehensive property management and accounting services with respect to 260 of our 401 consolidated 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. Brookdale Senior Living, Kindred, Atria, Sunrise and Ardent Information Brookdale Senior Living is subject to the reporting requirements of the Securities and Exchange Commission (“SEC”) and is required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information. Kindred is not currently subject to the reporting requirements of the SEC, but was subject to such reporting requirements prior to the closing of the Go Private Transactions in July 2018. 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. Kindred, Atria, Sunrise and Ardent are not currently subject to the reporting requirements of the SEC. The information related to Kindred, 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 Kindred, 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
Acquisitions of Real Estate Property	Dec. 31, 2019
Business Combinations [Abstract]
Acquisitions of Real Estate Property	NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY The following summarizes our acquisition and development activities during 2019 , 2018 and 2017 . We acquire and invest in seniors housing, research and innovation 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. 2019 Acquisitions In September 2019, we acquired an 87% interest in 34 Canadian seniors housing communities (including five in-process developments) valued at $1.8 billion through an equity partnership (the “LGM Acquisition”) with Le Groupe Maurice (“LGM”). The portfolio continues to be managed by LGM. We also have rights to fund and own all additional developments under an exclusive pipeline agreement with LGM. During the year ended December 31, 2019, we also acquired two properties reported within our office operations reportable business segment ( one research and innovation center and one MOB), two seniors housing communities reported within our senior living operations reportable business segment and one vacant land parcel for an aggregate purchase price of $237.0 million . Each of our 2019 acquisitions was accounted for as an asset acquisition. 2018 Acquisitions During the year ended December 31, 2018, we acquired five properties reported within our office operations reportable business segment ( four MOBs and one research and innovation center) and one seniors housing community reported within our senior living operations reportable business segment for an aggregate purchase price of $311.3 million . Each of these acquisitions was accounted for as an asset acquisition. 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 research and innovation centers 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.

Dispositions

Dispositions	12 Months Ended
Dispositions	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Dispositions	NOTE 5—DISPOSITIONS 2019 Activity During the year ended December 31, 2019 , we sold ten triple-net leased properties, eight MOBs, six seniors housing assets and our leasehold interest in one vacant land parcel for aggregate consideration of $147.5 million , and we recognized a gain on the sales of these assets of $26.0 million . 2018 Activity During 2018, we sold seven seniors housing communities included in our senior living operations reportable business segment, five triple-net leased properties, 11 MOBs and two vacant land parcels for aggregate consideration of $348.6 million . We recognized a gain on the sales of these assets of $46.2 million for the year ended December 31, 2018. 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 . Assets Held for Sale The table below summarizes our real estate assets classified as held for sale as of December 31, 2019 and 2018 , including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets: December 31, 2019 December 31, 2018 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 8 $ 62,098 $ 1,623 1 $ 5,482 $ 40 Office operations (1) 1 5,177 499 — 160 152 Senior living operations (1) 6 24,158 3,341 — (188 ) 13 Total 15 $ 91,433 $ 5,463 1 $ 5,454 $ 205 (1) Balances relate to anticipated post-closing settlements of working capital. In March 2018, five MOBs no longer met the criteria as being classified as held for sale. As a result, we adjusted the carrying amount of these assets by recognizing depreciation expense of $5.7 million and classified these assets within net real estate investments on our Consolidated Balance Sheets for all periods presented. Real Estate Impairment We recognized impairments of $133.6 million , $29.5 million and $32.9 million for the years ended December 31, 2019 , 2018 and 2017 respectively, which are recorded primarily as a component of depreciation and amortization in our Consolidated Statements of Income. 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. Additionally, we recognized impairments of $52.5 million and $4.6 million for the years ended December 31, 2018 and 2017 , respectively, as a result of natural disasters which are recorded as a component of other in our Consolidated Statements of Income. There were no impairments recorded as a result of natural disasters for the year ended December 31, 2019

Loans Receivable and Investment

Loans Receivable and Investments	12 Months Ended
Loans Receivable and Investments	Dec. 31, 2019
Loans Receivable And Investments [Abstract]
Loans Receivable and Investments	NOTE 6—LOANS RECEIVABLE AND INVESTMENTS As of December 31, 2019 and 2018 , we had $1.0 billion and $756.5 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, 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, 2019: Secured/mortgage loans and other, net $ 645,546 $ 645,546 $ 646,925 $ — Government-sponsored pooled loan investments, net (1) 59,066 52,178 59,066 6,888 Total investments reported as secured loans receivable and investments, net 704,612 697,724 705,991 6,888 Non-mortgage loans receivable, net 63,724 63,724 63,538 — Marketable debt securities (2) 237,360 213,062 237,360 24,298 Total loans receivable and investments, net $ 1,005,696 $ 974,510 $ 1,006,889 $ 31,186 As of December 31, 2018: Secured/mortgage loans and other, net $ 439,491 $ 439,491 $ 425,290 $ — Government-sponsored pooled loan investments, net (3) 56,378 49,601 56,378 6,777 Total investments reported as secured loans receivable and investments, net 495,869 489,092 481,668 6,777 Non-mortgage loans receivable, net 54,164 54,164 54,081 — Marketable debt securities (4) 206,442 197,473 206,442 8,969 Total loans receivable and investments, net $ 756,475 $ 740,729 $ 742,191 $ 15,746 (1) As of December 31, 2019 , investments in government-sponsored pool loans have contractual maturity dates in 2021 and 2023. (2) As of December 31, 2019 , investments in marketable debt securities have contractual maturity dates in 2024 and 2026. (3) As of December 31, 2018 , investments in government-sponsored pooled loans have contractual maturity dates in 2023. (4) As of December 31, 2018 , investments in marketable debt securities have contractual maturity dates in 2026. 2019 Activity In April 2019, we purchased $5.0 million and $10.5 million of senior secured notes issued by a healthcare company which mature in 2024 and 2026, respectively. The 2024 and 2026 notes were purchased at a price of 102% and 98% of par, respectively, and have an effective interest rate of 8.1% and 8.3% , respectively. These marketable debt securities are classified as available for sale and are reflected on our Consolidated Balance Sheets at fair value. In June 2019, we provided new secured debt financing of $490 million to certain subsidiaries of Colony Capital, Inc. The London Inter-bank Offered Rate (“LIBOR”) based debt financing has a five-year term (inclusive of three one-year extension options). In connection with this transaction, our previous secured loan to certain subsidiaries of Colony Capital, Inc. of $282 million was paid in full and we recognized a gain of $0.5 million in income from loans and investments in our Consolidated Statements of Income. In July 2019, we closed the first phase of the LGM Acquisition by funding C$947 million (US $723 million ) to LGM as a bridge loan to enable LGM to buy out its former partner. The bridge loan and all outstanding interest was fully repaid in September 2019 upon the closing of the LGM Acquisition. See “ NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY .” 2018 Activity During the year ended December 31, 2018 , we received aggregate proceeds of $862.9 million for the full repayment of the principal balances of 14 loans receivable with a weighted average interest rate of 9.1% that were due to mature between 2018 and 2033, which resulted in total gains of $27.8 million . Included in the repayments above is $713 million that we received in June 2018 for the full repayment of the principal balance of a $700.0 million term loan and $13.0 million then outstanding on a revolving line of credit we made to a subsidiary of Ardent. We also received a $14.0 million cash pre-payment fee and accelerated recognition of the unamortized portion ( $13.2 million ) of a previously received cash “upfront” fee for the loans, resulting in income of $27.2 million , which is recorded in income from loans and investments in our Consolidated Statements of Income. In June 2018, we also made a $200.0 million investment in senior unsecured notes issued by a subsidiary of Ardent at a price of 98.6% of par value. The notes have an effective interest rate of 10.0% and mature in 2026. These marketable debt securities are classified as available for sale and are reflected on our Consolidated Balance Sheets at fair value. There was no impact on our 9.8% equity investment in Ardent as a result of these transactions.

Investments in Unconsolidated E

Investments in Unconsolidated Entities	12 Months Ended
Investments in Unconsolidated Entities	Dec. 31, 2019
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. We account for our interests in real estate joint ventures, as well as our 34% interest in Atria, 34% interest in Eclipse Senior Living (“ESL”) and 9.8% interest in Ardent, which are included within other assets on our Consolidated Balance Sheets, under the equity method of accounting. We provide various services to our unconsolidated real estate joint venture entities in exchange for fees and reimbursements. Total management fees earned in connection with these entities were $3.4 million , $5.8 million and $6.3 million for the years ended December 31, 2019 , 2018 and 2017 , respectively, which is included in office building and other services revenue in our Consolidated Statements of Income. In March 2018, we recognized an impairment charge of $35.7 million relating to one of our equity investments in an unconsolidated real estate joint venture consisting principally of SNFs, which is recorded in loss from unconsolidated entities in our Consolidated Statements of Income. We completed the sale of our 25% interest to our joint venture partner in July 2018 and received $57.5 million

Intangibles

Intangibles	12 Months Ended
Intangibles	Dec. 31, 2019
Intangible Assets, Intangible Liabilities, And Goodwill Disclosure [Abstract]
Intangibles	NOTE 8—INTANGIBLES The following is a summary of our intangibles: As of December 31, 2019 As of December 31, 2018 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 $ 145,891 6.9 $ 181,393 6.7 In-place and other lease intangibles 1,160,261 10.6 1,321,562 24.7 Goodwill 1,051,161 N/A 1,050,548 N/A Other intangibles 35,837 10.9 35,759 11.8 Accumulated amortization (920,742 ) N/A (921,107 ) N/A Net intangible assets $ 1,472,408 10.2 $ 1,668,155 22.9 Intangible liabilities: Below market lease intangibles $ 349,357 14.5 $ 356,771 14.4 Other lease intangibles 13,498 N/A 31,418 46.5 Accumulated amortization (203,834 ) N/A (191,909 ) N/A Purchase option intangibles 3,568 N/A 3,568 N/A Net intangible liabilities $ 162,589 14.5 $ 199,848 17.2 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. The change in other lease intangible assets and liabilities is due to the presentation of ground lease intangibles within operating lease assets on our Consolidated Balance Sheets beginning January 1, 2019. See “ NOTE 2—ACCOUNTING POLICIES .” For the years ended December 31, 2019 , 2018 and 2017 , our net amortization related to these intangibles was $59.2 million , $49.2 million and $67.2 million , respectively. The following is a summary of the estimated net amortization related to these intangibles for each of the next five years: Estimated Net Amortization (In thousands) 2020 $ 53,988 2021 46,651 2022 39,315 2023 36,107 2024 28,622 The table below reflects the carrying amount of goodwill, by segment, as of December 31, 2019 : Goodwill (In thousands) Triple-net leased properties $ 321,781 Senior living operations 259,482 Office operations 469,898 Total goodwill $ 1,051,161

Other Assets

Other Assets	12 Months Ended
Other Assets	Dec. 31, 2019
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, 2019 2018 (In thousands) Straight-line rent receivables $ 278,833 $ 250,023 Non-mortgage loans receivable, net 63,724 54,164 Marketable debt securities 237,360 206,442 Other intangibles, net 5,149 5,623 Investment in unconsolidated operating entities 59,301 56,820 Other 232,929 186,113 Total other assets $ 877,296 $ 759,185

Senior Notes and Other Debt

Senior Notes and Other Debt	12 Months Ended
Senior Notes and Other Debt	Dec. 31, 2019
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, 2019 2018 (In thousands) Unsecured revolving credit facility (1) $ 120,787 $ 765,919 Commercial paper notes 567,450 — Secured revolving construction credit facility due 2022 160,492 90,488 3.00% Senior Notes, Series A due 2019 (2) — 293,319 2.70% Senior Notes due 2020 — 500,000 Floating Rate Senior Notes, Series F due 2021 (2) 231,018 — 4.25% Senior Notes due 2022 — 600,000 3.25% Senior Notes due 2022 500,000 500,000 3.30% Senior Notes, Series C due 2022 (2) 192,515 183,325 Unsecured term loan due 2023 200,000 300,000 3.125% Senior Notes due 2023 400,000 400,000 3.10% Senior Notes due 2023 400,000 400,000 2.55% Senior Notes, Series D due 2023 (2) 211,767 201,657 Unsecured term loan due 2024 — 600,000 3.50% Senior Notes due 2024 400,000 — 3.75% Senior Notes due 2024 400,000 400,000 4.125% Senior Notes, Series B due 2024 (2) 192,515 183,324 2.80% Senior Notes, Series E due 2024 (2) 462,036 — Unsecured term loan due 2025 (2) 385,030 — 3.50% Senior Notes due 2025 600,000 600,000 2.65% Senior Notes due 2025 450,000 — 4.125% Senior Notes due 2026 500,000 500,000 3.25% Senior Notes due 2026 450,000 450,000 3.85% Senior Notes due 2027 400,000 400,000 4.00% Senior Notes due 2028 650,000 650,000 4.40% Senior Notes due 2029 750,000 750,000 3.00% Senior Notes due 2030 650,000 — 6.90% Senior Notes due 2037 52,400 52,400 6.59% Senior Notes due 2038 22,823 22,823 5.45% Senior Notes due 2043 — 258,750 5.70% Senior Notes due 2043 300,000 300,000 4.375% Senior Notes due 2045 300,000 300,000 4.875% Senior Notes due 2049 300,000 — Mortgage loans and other 1,996,969 1,127,697 Total 12,245,802 10,829,702 Deferred financing costs, net (79,939 ) (69,615 ) Unamortized fair value adjustment 20,056 (1,163 ) Unamortized discounts (27,146 ) (25,225 ) Senior notes payable and other debt $ 12,158,773 $ 10,733,699 (1) As of December 31, 2019 and 2018 , respectively, $26.2 million and $23.1 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $27.6 million and $27.8 million were denominated in British pounds as of December 31, 2019 and 2018 , respectively. (2) Canadian Dollar debt obligations shown in US Dollars. Credit Facilities, Commercial Paper and Unsecured Term Loans Our unsecured credit facility is comprised of a $3.0 billion unsecured revolving credit facility priced at LIBOR plus 0.875% , as of December 31, 2019 . 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. In January 2019, our wholly-owned subsidiary, Ventas Realty, Limited Partnership (“Ventas Realty”), established an unsecured commercial paper program. Under the terms of the program, we may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $1.0 billion . The notes are sold under customary terms in the United States commercial paper note market and are ranked pari passu with all of Ventas Realty’s other unsecured senior indebtedness. The notes are fully and unconditionally guaranteed by Ventas, Inc. As of December 31, 2019 , $567.5 million was outstanding under our commercial paper program. As of December 31, 2019 , $120.8 million was outstanding under the unsecured revolving credit facility with an additional $24.0 million restricted to support outstanding letters of credit. In addition, we limit our utilization of the unsecured revolving credit facility in order to maintain liquidity and to support our commercial paper program. Including these internal limits, we had $2.3 billion in available liquidity under the unsecured revolving credit facility as of December 31, 2019 . In June 2019, we repaid $100.0 million of the balance outstanding on the $300.0 million unsecured term loan that matures in 2023 and repaid in full the $600.0 million unsecured term loan that was set to mature in 2024 and, as a result, we recognized a non-cash charge to loss on extinguishment of debt of $3.2 million during the second quarter of 2019. We originally entered into this $900.0 million unsecured term loan facility in June 2018, which replaced and repaid in full our previous $900.0 million unsecured term loan due 2020. As of December 31, 2019 , we had a $200.0 million unsecured term loan priced at LIBOR plus 0.90% that matures in 2023. The term loan also includes an accordion feature that effectively permits us to increase our aggregate borrowings thereunder to up to $800.0 million . As of December 31, 2019 , we had a $400.0 million secured revolving construction credit facility with $160.5 million of borrowings outstanding. The secured revolving construction credit facility matures in 2022 and is primarily used to finance the development of research and innovation centers and other construction projects. In September 2019, we entered into a new C$500 million unsecured term loan facility priced at Canadian Dollar Offered Rate (“CDOR”) plus 0.90% that matures in 2025. Senior Notes As of December 31, 2019 , we had outstanding $7.5 billion aggregate principal amount of senior notes issued by Ventas Realty ( $500.0 million of which was co-issued by Ventas Realty’s wholly owned subsidiary, Ventas Capital Corporation), approximately $75.2 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$1.7 billion aggregate principal amount of senior notes issued by our subsidiary, Ventas Canada Finance Limited (“Ventas Canada”). All of the senior notes issued by Ventas Realty and Ventas Canada are unconditionally guaranteed by Ventas, Inc. 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’s senior notes are part of our and Ventas Canada’s general unsecured obligations, ranking equal in right of payment with all of Ventas Canada’s existing and future subordinated indebtedness. However, Ventas Canada’s senior notes are effectively subordinated to our and Ventas Canada’s secured indebtedness, if any, to the extent of the value of the assets securing that indebtedness. Ventas Canada’s senior notes are also structurally subordinated to the preferred equity and indebtedness, whether secured or unsecured, of our subsidiaries (other than Ventas Canada). 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 and Ventas Canada may redeem each series of their respective senior notes 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 2023 and 2028. 2019 Activity In January 2019, we redeemed $258.8 million aggregate principal amount then outstanding of our 5.45% senior notes due 2043 at a public offering price at par, plus accrued and unpaid interest to the redemption date. Notice of the redemption was given in November 2018 and, as a result, we recognized a non-cash charge to loss on extinguishment of debt of $7.1 million during the year ended December 31, 2018 and $0.4 million during the first quarter of 2019. In February 2019, Ventas Realty issued and sold $400.0 million aggregate principal amount of 3.50% senior notes due 2024 at a public offering price equal to 99.88% of par and $300.0 million aggregate principal amount of 4.875% senior notes due 2049 at a public offering price equal to 99.77% of par. In June 2019, Ventas Realty issued $450.0 million aggregate principal amount of 2.65% senior notes due 2025 at a public offering price equal to 99.45% of par. The notes were settled and proceeds were received in July 2019. In July 2019, in connection with an announced cash tender offer for such notes, we tendered $397.1 million principal amount then outstanding of our 2.70% senior notes due 2020 for a tender offer consideration of 100.37% of par value, plus accrued and unpaid interest to the payment date. In August 2019, we repaid the remaining balance then outstanding of our 2.70% senior notes due 2020 of $102.9 million . As a result of the redemption and repayment, we recognized a total loss on extinguishment of debt of $2.4 million . In August 2019, Ventas Realty issued and sold $650.0 million aggregate principal amount of 3.00% senior notes due 2030 at a public offering price equal to 99.51% of par. In August 2019, in connection with an announced cash tender offer for such notes, we tendered $395.7 million principal amount then outstanding of our 4.25% senior notes due 2022 for a tender offer consideration of 105.46% of par value, plus accrued and unpaid interest to the payment date. In September 2019, we repaid the remaining balance then outstanding of our 4.25% senior notes due 2022 of $204.3 million . As a result of the redemption and repayment, we recognized a loss on extinguishment of debt of $35.9 million . In September 2019, we repaid in full, at par, C$400.0 million principal amount then outstanding of our 3.00% senior notes, Series A due 2019 upon maturity. In November 2019, Ventas Canada issued and sold C$600 million aggregate principal amount of 2.80% senior notes, Series E due 2024 and C$300 million aggregate principal amount of floating rate senior notes, Series F due 2021, at a public offering price equal to 99.99% and 100.00% , respectively, of par. 2018 Activity In February 2018, we repaid in full, at par, $700.0 million aggregate principal amount then outstanding of our 2.00% senior notes due February 2018 upon maturity. In February 2018, Ventas Realty issued and sold $650.0 million aggregate principal amount of 4.00% senior notes due 2028 at a public offering price equal to 99.23% of par. In February 2018, we redeemed $502.1 million aggregate principal amount then outstanding of our 4.00% senior notes due April 2019 at a public offering price of 101.83% of par, plus accrued and unpaid interest to the redemption date, and recognized a loss on extinguishment of debt of $11.0 million . The redemption was funded using cash on hand and borrowings under our unsecured revolving credit facility. In April 2018, we repaid the remaining balance then outstanding of our 4.00% senior notes due April 2019 of $97.9 million and recognized a loss on extinguishment of debt of $1.8 million . In August 2018, Ventas Realty issued and sold $750.0 million aggregate principal amount of 4.40% senior notes due 2029 at a public offering price equal to 99.95% of par. In August 2018, we redeemed $549.5 million aggregate principal amount then outstanding of our 4.75% senior notes due 2021 at a public offering price of 104.56% of par, plus accrued and unpaid interest to the redemption date, and recognized a loss on extinguishment of debt of $28.3 million . The redemption was funded using proceeds from our August 2018 senior note issuance, cash on hand and borrowings under our unsecured revolving credit facility. In September 2018, we repaid the remaining balance then outstanding of our 4.75% senior notes due 2021 of $150.5 million and recognized a loss on extinguishment of debt of $7.6 million . Mortgages At December 31, 2019 , we had 89 mortgage loans outstanding in the aggregate principal amount of $2.0 billion and secured by 84 of our properties. Of these loans, 67 loans in the aggregate principal amount of $1.3 billion bear interest at fixed rates ranging from 2.0% to 13.0% per annum, and 22 loans in the aggregate principal amount of $671.1 million bear interest at variable rates ranging from 1.2% to 4.4% per annum as of December 31, 2019 . At December 31, 2019 , the weighted average annual rate on our fixed rate mortgage loans was 3.7% , and the weighted average annual rate on our variable rate mortgage loans was 3.4% . Our mortgage loans had a weighted average maturity of 4.2 years as of December 31, 2019 . During the years ended December 31, 2019 and 2018 , we repaid in full mortgage loans in the aggregate principal amount of $97.7 million and $485.7 million , respectively. In September 2019, we assumed C$1.2 billion mortgage debt (included in the $2.0 billion above), including a fair value premium of C$16.6 million , in connection with the LGM Acquisition. See “ NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY .” Scheduled Maturities of Borrowing Arrangements and Other Provisions The following summarizes the maturities of our senior notes payable and other debt as of December 31, 2019 : Principal Amount Due at Maturity Unsecured Revolving Credit Facility and Commercial Paper Notes (1) Scheduled Periodic Amortization Total Maturities (In thousands) 2020 $ 276,653 $ 567,450 $ 40,291 $ 884,394 2021 361,046 120,787 38,954 520,787 2022 1,269,661 — 33,163 1,302,824 2023 1,602,104 — 19,409 1,621,513 2024 1,571,967 — 13,058 1,585,025 Thereafter 6,243,430 — 87,829 6,331,259 Total maturities $ 11,324,861 $ 688,237 $ 232,704 $ 12,245,802 (1) As of December 31, 2019 , we had $581.9 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $106.4 million of unrestricted cash and cash equivalents. 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’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, 2019 , 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. 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, 2019 , our variable rate debt obligations of $2.0 billion reflect, in part, the effect of $147.8 million notional amount of interest rate swaps with maturities ranging from March 2022 to May 2022 that effectively convert fixed rate debt to variable rate debt. As of December 31, 2019 , our fixed rate debt obligations of $10.3 billion reflect, in part, the effect of $505.1 million and C$119.8 million notional amount of interest rate swaps with maturities ranging from August 2020 to December 2029

Fair Values of Financial Instru

Fair Values of Financial Instruments	12 Months Ended
Fair Values of Financial Instruments	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Values of Financial Instruments	NOTE 11—FAIR VALUES OF FINANCIAL INSTRUMENTS The carrying amounts and fair values of our financial instruments were as follows: As of December 31, 2019 As of December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Assets: Cash and cash equivalents $ 106,363 $ 106,363 $ 72,277 $ 72,277 Escrow deposits and restricted cash 39,739 39,739 59,187 59,187 Secured mortgage loans and other, net 645,546 646,925 439,491 425,290 Non-mortgage loans receivable, net 63,724 63,538 54,164 54,081 Marketable debt securities 237,360 237,360 206,442 206,442 Government-sponsored pooled loan investments, net 59,066 59,066 56,378 56,378 Derivative instruments 738 738 6,012 6,012 Liabilities: Senior notes payable and other debt, gross 12,245,802 12,778,758 10,829,702 10,617,074 Derivative instruments 12,987 12,987 4,561 4,561 Redeemable OP Units 171,178 171,178 174,552 174,552 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
Stock-Based Compensation	Dec. 31, 2019
Share-based Payment Arrangement [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, 2019 , 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, 2019 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, 2019 . • 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 0.4 million shares were available for future issuance as of December 31, 2019 . • 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 3.0 million shares (plus the number of shares or options outstanding under the 2006 Plans as of December 31, 2019 that were or are subsequently forfeited or expire unexercised) were available for future issuance as of December 31, 2019 . 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. Stock Options The following is a summary of stock option activity in 2019 : Shares (000’s) Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Intrinsic Value ($000’s) Outstanding as of December 31, 2018 4,783 $ 59.20 Options granted — — Options exercised (700 ) 51.68 Options forfeited (6 ) 60.50 Options expired — — Outstanding as of December 31, 2019 4,077 60.49 5.7 $ 7,379 Exercisable as of December 31, 2019 4,014 60.49 5.7 $ 7,415 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, administrative and professional fees. Compensation costs related to stock options for the years ended December 31, 2019 , 2018 and 2017 were $0.3 million , $2.6 million and $4.8 million , respectively. Aggregate proceeds received from options exercised under the Plans for the years ended December 31, 2019 , 2018 and 2017 were $36.1 million , $8.8 million and $16.3 million , respectively. The total intrinsic value at exercise of options exercised during the years ended December 31, 2019 , 2018 and 2017 was $12.3 million , $3.1 million and $7.0 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, administrative and professional fees of $33.6 million , $27.3 million and $21.7 million in 2019 , 2018 and 2017 , 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, including performance-based awards, as of December 31, 2019 , and changes during the year ended December 31, 2019 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, 2018 276 $ 53.64 628 $ 57.70 Granted 143 62.69 304 59.85 Vested (149 ) 54.20 (371 ) 60.73 Forfeited (22 ) 57.24 (22 ) 53.69 Nonvested at December 31, 2019 248 58.21 539 56.99 As of December 31, 2019 , we had $15.1 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 1.66 years. The total fair value at the vesting date for restricted stock and restricted stock units that vested during the years ended December 31, 2019 , 2018 and 2017 was $31.6 million , $15.5 million and $16.6 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, 2019 , 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 2019 , we made contributions for each qualifying employee of up to 3.5% of his or her salary, subject to certain limitations. During 2019 , 2018 and 2017 , our aggregate contributions were approximately $1.5 million , $1.5 million and $1.4 million , respectively.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2019
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, as amended, 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. Our tax treatment of distributions per common share was as follows: For the Years Ended December 31, 2019 2018 2017 Tax treatment of distributions: Ordinary income $ — $ — $ 1.02814 Qualified ordinary income 0.12230 0.00375 0.00337 199A qualified business income 2.22898 2.97465 — Long-term capital gain — 0.05916 1.07836 Unrecaptured Section 1250 gain 0.03434 0.12244 0.21513 Non-dividend distribution 0.78438 — — Distribution reported for 1099-DIV purposes 3.17000 3.16000 2.32500 Add: Dividend declared in current year and taxable in following year 0.79250 0.79250 0.79000 Less: Dividend declared in prior year and taxable in current year (0.79250 ) (0.79000 ) — Distribution declared per common share outstanding $ 3.17000 $ 3.16250 $ 3.11500 We believe we have met the annual REIT distribution requirement by payment of at least 90% of our estimated taxable income for 2019 , 2018 and 2017 . Our consolidated benefit for income taxes was as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Current - Federal $ (1,840 ) $ (2,953 ) $ (5,672 ) Current - State 2,118 1,332 1,119 Deferred - Federal (49,532 ) (32,492 ) (54,396 ) Deferred - State (3,353 ) (825 ) 3,237 Current - Foreign 2,335 1,892 2,307 Deferred - Foreign (6,038 ) (6,907 ) (6,394 ) Total $ (56,310 ) $ (39,953 ) $ (59,799 ) The 2019 income tax benefit is primarily due to the $57.7 million reversal of valuation allowances recorded against the net deferred tax assets of certain of our TRS entities. During the second quarter of 2019, we concluded it was “more-likely than-not” that these deferred tax assets (primarily US federal NOL carryforwards which begin to expire in 2031) would be realized. This conclusion was based on recently sustained profitability and recent upward revisions to estimates of future taxable income for these TRS entities. The 2018 income tax benefit is primarily due to the reversal of a $23.2 million valuation allowance on deferred interest carryforwards and tax losses of certain TRS entities. The $23.2 million valuation allowance reversal was an adjustment to the provisional amount recorded in the prior year related to enactment of the Tax Cuts and Jobs Act of 2017 (the “2017 Tax Act”) and was made based upon additional guidance issued by the IRS subsequent to enactment of the 2017 Tax Act. The 2017 income tax benefit is 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 the valuation allowance on deferred interest carryforwards (subsequently reversed in 2018), losses of certain TRS entities and the release of a tax reserve. Although the TRS entities and certain other foreign entities have paid minimal cash federal, state and foreign income taxes for the year ended December 31, 2019 , their income tax liabilities may increase in future years as we exhaust net operating loss (“NOL”) carryforwards and as our senior living and other operations 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, 2019 , 2018 and 2017 , to the income tax benefit is as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes $ 77,803 $ 80,811 $ 204,742 State income taxes, net of federal benefit 2,341 (253 ) (1,115 ) Change in valuation allowance from ordinary operations (47,227 ) (5,451 ) 8,237 Decrease in ASC 740 income tax liability — (4,347 ) (4,750 ) Tax at statutory rate on earnings not subject to federal income taxes (90,862 ) (89,947 ) (231,379 ) Foreign rate differential and foreign taxes 1,407 1,924 6,407 Change in tax status of TRS (52 ) 359 (690 ) Effect of the 2017 Tax Act — (23,160 ) (41,212 ) Other differences 280 111 (39 ) Income tax benefit $ (56,310 ) $ (39,953 ) $ (59,799 ) 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 are summarized as follows: As of December 31, 2019 2018 2017 (In thousands) Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs $ (257,373 ) $ (269,758 ) $ (300,395 ) Operating loss and interest deduction carryforwards 136,771 133,243 146,732 Expense accruals and other 7,380 11,910 12,890 Valuation allowance (40,114 ) (80,614 ) (109,319 ) Net deferred tax liabilities $ (153,336 ) $ (205,219 ) $ (250,092 ) 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) in connection with the following acquisitions: For the Years Ended December 31, 2019 2018 2017 (In thousands) Research and innovation acquisition $ — $ — $ 19,262 Miscellaneous acquisitions — (922 ) (4,510 ) Established beginning deferred tax assets or liabilities $ — $ (922 ) $ 14,752 Our net deferred tax liability decreased $51.9 million during 2019 primarily due to the $57.7 million reversal of valuation allowances recorded against the net deferred tax assets of certain of our TRS entities. Our net deferred tax liability decreased $44.8 million during 2018 primarily due to accounting for IRS guidance issued subsequent to the enactment of the 2017 Tax Act, specifically a $23.2 million benefit for the reversal of a valuation allowance on deferred interest carryforwards, and tax losses of certain TRS entities. 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. 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 2019 , 2018 and 2017 are $21.2 million , $55.1 million and $67.1 million , respectively. 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, 2019 , 2018 and 2017 , the REIT had NOL carryforwards of $858.6 million , $910.7 million and $973.4 million , respectively. Additionally, the REIT has $12.6 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 2020 . For the years ended December 31, 2019 and 2018 , the net difference between tax bases and the reported amount of REIT assets and liabilities for federal income tax purposes was approximately $3.5 billion and $3.8 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, 2016 and subsequent years and are subject to audit by state taxing authorities for the year ended December 31, 2015 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, 2015 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 2018 . The following table summarizes the activity related to our unrecognized tax benefits: 2019 2018 (In thousands) Balance as of January 1 $ 12,344 $ 16,765 Additions to tax positions related to prior years 178 207 Subtractions to tax positions related to prior years (395 ) (1,720 ) Subtractions to tax positions as a result of the lapse of the statute of limitations — (2,908 ) Balance as of December 31 $ 12,127 $ 12,344 Included in these unrecognized tax benefits of $12.1 million and $12.3 million at December 31, 2019 and 2018 , respectively, were $10.7 million and $10.6 million of tax benefits at December 31, 2019 and 2018 , respectively, that, if recognized, would reduce our annual effective tax rate. We accrued no interest or penalties related to the unrecognized tax benefits during 2019 . We do not expect our unrecognized tax benefits to increase or decrease materially in 2020 . 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. Subsequent Event In the first quarter of 2020, we completed an internal restructuring of certain US taxable REIT subsidiaries. As a result, we expect to record a $152 million tax benefit from the transfer of assets subject to certain deferred tax liabilities from taxable REIT subsidiaries to the REIT in this tax-free transaction.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2019
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 research 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, 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. Operating Leases We lease real property, primarily land and corporate office space, and equipment, primarily vehicles at our seniors housing communities. At inception, we establish an operating lease asset and operating lease liability calculated as the present value of future minimum lease payments. As our leases do not provide an implicit rate, we use a discount rate that approximates our incremental borrowing rate available at lease commencement to determine the present value. Incremental borrowing rates are adjusted for the length of the individual lease term. The weighted average discount rate and remaining lease term of our leases as of December 31, 2019 are 7.25% and 41.8 years, respectively. Operating lease assets and liabilities are not recognized for leases with an initial term of 12 months or less. Our lease expense primarily consists of ground and corporate office leases. Ground lease expense is included in interest expense and corporate office lease expense is included in general, administrative and professional fees in the Company's Consolidated Statements of Income. For the years ended December 31, 2019 and 2018 we recognized $32.6 million and $32.3 million of expense relating to our leases. For the years ended December 31, 2019 and 2018, cash paid for leases was $25.8 million and $26.7 million , respectively as reported within operating cash outflows in our Consolidated Statements of Cash Flows. The following table summarizes future minimum lease obligations under non-cancelable ground and other operating leases as of December 31, 2019 (in thousands): 2020 $ 24,395 2021 (1) 56,948 2022 (1) 28,023 2023 19,322 2024 18,398 Thereafter 644,996 Total undiscounted minimum lease payments 792,082 Less: imputed interest (540,886 ) Operating lease liabilities $ 251,196 (1) Obligations include payment of ground rent upon substantial completion of in progress research and innovation developments.

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Dec. 31, 2019
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 Years Ended December 31, 2019 2018 2017 (In thousands, except per share amounts) Numerator for basic and diluted earnings per share: Income from continuing operations $ 439,297 $ 415,991 $ 1,361,222 Discontinued operations — (10 ) (110 ) Net income 439,297 415,981 1,361,112 Net income attributable to noncontrolling interests 6,281 6,514 4,642 Net income attributable to common stockholders $ 433,016 $ 409,467 $ 1,356,470 Denominator: Denominator for basic earnings per share—weighted average shares 365,977 356,265 355,326 Effect of dilutive securities: Stock options 391 174 494 Restricted stock awards 527 331 265 OP unitholder interests 2,991 2,531 2,481 Denominator for diluted earnings per share—adjusted weighted average shares 369,886 359,301 358,566 Basic earnings per share: Income from continuing operations $ 1.20 $ 1.17 $ 3.83 Net income attributable to common stockholders 1.18 1.15 3.82 Diluted earnings per share: Income from continuing operations $ 1.19 $ 1.16 $ 3.80 Net income attributable to common stockholders 1.17 1.14 3.78 There were 1.1 million , 3.5 million and 3.0 million anti-dilutive options outstanding for the years ended December 31, 2019 , 2018 and 2017 , respectively.

Permanent and Temporary Equity

Permanent and Temporary Equity	12 Months Ended
Permanent and Temporary Equity	Dec. 31, 2019
Equity [Abstract]
Permanent and Temporary Equity	NOTE 16—PERMANENT AND TEMPORARY EQUITY Capital Stock From time to time, we may sell up to an aggregate of $1.0 billion of our common stock under an “at-the-market” equity offering program (“ATM program”). During the year ended December 31, 2019 , we sold 2.7 million shares of our common stock under our ATM program for gross proceeds of $66.75 per share. As of December 31, 2019 , $822.1 million of our common stock remained available for sale under our ATM program. In June 2019, we sold 12.7 million shares of our common stock under a registered public offering for gross proceeds of $62.75 per share. We used the majority of the net proceeds to fund our LGM Acquisition. See “ NOTE 4—ACQUISITIONS OF REAL ESTATE PROPERTY ” and “ NOTE 6—LOANS RECEIVABLE AND INVESTMENTS ” for additional information regarding the LGM Acquisition. During the year ended December 31, 2018, we sold no shares of common stock under our ATM program. During the year ended December 31, 2017, we issued and sold 1.1 million shares of common stock under our previous ATM program. 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, 2019 , 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, 2019 2018 (In thousands) Foreign currency translation $ (51,743 ) $ (55,016 ) Available for sale securities 27,380 15,746 Derivative instruments (10,201 ) 19,688 Total accumulated other comprehensive loss $ (34,564 ) $ (19,582 ) Redeemable OP Unitholder and Noncontrolling Interests The following is a rollforward of our redeemable OP unitholder and noncontrolling interests for 2019 : Redeemable OP Unitholder Interests Redeemable Noncontrolling Interests Total Redeemable OP Unitholder and Noncontrolling Interests (In thousands) Balance as of December 31, 2018 $ 174,552 $ 13,589 $ 188,141 New issuances (1) — 81,181 81,181 Change in valuation 7,389 7,730 15,119 Distributions and other (9,298 ) — (9,298 ) Redemptions (1,465 ) — (1,465 ) Balance as of December 31, 2019 $ 171,178 $ 102,500 $ 273,678 (1) Includes the redeemable portion of LGM's interest in certain seniors housing communities acquired in September 2019.

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 17—RELATED PARTY TRANSACTIONS 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. For the years ended December 31, 2019 , 2018 and 2017 , we incurred fees to Atria of $62.1 million , $60.1 million and $59.7 million respectively, the majority of which are recorded within property-level operating expenses in our Consolidated Statements of Income. Our 34% ownership interest in Atria entitles us to customary rights and minority protections, as well as the right to appoint two of six members on the Atria Board of Directors. As of December 31, 2019 , we leased 10 hospital campuses to Ardent pursuant to a single, triple-net master lease agreement. For the years ended December 31, 2019 , 2018 and 2017 , we recognized rental income from Ardent of $118.8 million , $114.8 million and $110.8 million , respectively, relating to the Ardent master lease. Our 9.8% ownership interest in Ardent entitles us to customary rights and minority protections, as well as the right to appoint one of 11 members on the Ardent Board of Directors. In January 2018, we transitioned the management of 76 private pay seniors housing communities to ESL. These assets, substantially all of which were previously leased by Elmcroft Senior Living (“Elmcroft”) under triple-net leases, are now operated by ESL under a management contract with us and are included in the senior living operations reportable business segment. Upon termination of our lease with Elmcroft, we derecognized our accumulated straight-line receivable balance and offsetting reserve of $75.2 million . For the years ended December 31, 2019 and 2018, we incurred $8.2 million and $23.6 million respectively of transaction and integration costs relating to this transaction, net of property-level net assets assumed for no consideration, included in merger-related expenses and deal costs in our Consolidated Statements of Income. In January 2018, we acquired a 34% ownership interest in ESL which entitles us to customary rights and minority protections, as well as the right to appoint two of six members to the ESL Board of Directors. ESL management owns the 66% controlling interest. ESL provides comprehensive property management and accounting services with respect to our seniors housing communities that ESL operates, for which we pay annual management fees pursuant to a management agreement. For the years ended December 31, 2019 and 2018 , we incurred fees to ESL of $14.6 million and $12.9 million , respectively, the majority of which are recorded within property-level operating expenses in our Consolidated Statements of Income.

Quarterly Financial Information

Quarterly Financial Information (Unaudited)	12 Months Ended
Quarterly Financial Information (Unaudited)	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information (Unaudited)	NOTE 18—QUARTERLY FINANCIAL INFORMATION (UNAUDITED) Summarized unaudited consolidated quarterly information is provided below: For the Year Ended December 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 942,874 $ 950,717 $ 983,155 $ 996,004 Income from continuing operations $ 127,588 $ 211,898 $ 86,918 $ 12,893 Net income 127,588 211,898 86,918 12,893 Net income attributable to noncontrolling interests 1,803 1,369 1,659 1,450 Net income attributable to common stockholders $ 125,785 $ 210,529 $ 85,259 $ 11,443 Basic earnings per share: Income from continuing operations $ 0.36 $ 0.59 $ 0.23 $ 0.03 Net income attributable to common stockholders 0.35 0.58 0.23 0.03 Diluted earnings per share: Income from continuing operations $ 0.35 $ 0.58 $ 0.23 $ 0.03 Net income attributable to common stockholders 0.35 0.58 0.23 0.03 Dividends declared per common share $ 0.7925 $ 0.7925 $ 0.7925 $ 0.7925 For the Year Ended December 31, 2018 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 943,705 $ 942,304 $ 936,538 $ 923,263 Income from continuing operations $ 80,108 $ 169,300 $ 103,281 $ 63,302 Discontinued operations (10 ) — — — Net income 80,098 169,300 103,281 63,302 Net income attributable to noncontrolling interests 1,395 2,781 1,309 1,029 Net income attributable to common stockholders $ 78,703 $ 166,519 $ 101,972 $ 62,273 Basic earnings per share: Income from continuing operations $ 0.22 $ 0.48 $ 0.29 $ 0.18 Net income attributable to common stockholders 0.22 0.47 0.29 0.17 Diluted earnings per share: Income from continuing operations $ 0.22 $ 0.47 $ 0.29 $ 0.18 Net income attributable to common stockholders 0.22 0.46 0.28 0.17 Dividends declared per common share $ 0.79 $ 0.79 $ 0.79 $ 0.7925

Segment Information

Segment Information	12 Months Ended
Segment Information	Dec. 31, 2019
Segment Reporting [Abstract]
Segment Information	NOTE 19—SEGMENT INFORMATION As of December 31, 2019 , we operated through three reportable business segments: triple-net leased properties, senior living operations and office operations. In 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 research 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 net income attributable to common stockholders 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, 2019 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 780,898 $ — $ 828,978 $ — $ 1,609,876 Resident fees and services — 2,151,533 — — 2,151,533 Office building and other services revenue — — 7,747 3,409 11,156 Income from loans and investments — — — 89,201 89,201 Interest and other income — — — 10,984 10,984 Total revenues $ 780,898 $ 2,151,533 $ 836,725 $ 103,594 $ 3,872,750 Total revenues $ 780,898 $ 2,151,533 $ 836,725 $ 103,594 $ 3,872,750 Less: Interest and other income — — — 10,984 10,984 Property-level operating expenses 26,561 1,521,398 260,249 — 1,808,208 Office building services costs — — 2,319 — 2,319 Segment NOI $ 754,337 $ 630,135 $ 574,157 $ 92,610 2,051,239 Interest and other income 10,984 Interest expense (451,662 ) Depreciation and amortization (1,045,620 ) General, administrative and professional fees (165,996 ) Loss on extinguishment of debt, net (41,900 ) Merger-related expenses and deal costs (15,235 ) Other 17,609 Loss from unconsolidated entities (2,454 ) Gain on real estate dispositions 26,022 Income tax benefit 56,310 Income from continuing operations 439,297 Discontinued operations — Net income 439,297 Net income attributable to noncontrolling interests 6,281 Net income attributable to common stockholders $ 433,016 For the Year Ended December 31, 2018 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 737,796 $ — $ 776,011 $ — $ 1,513,807 Resident fees and services — 2,069,477 — — 2,069,477 Office building and other services revenue 2,522 — 7,592 3,302 13,416 Income from loans and investments — — — 124,218 124,218 Interest and other income — — — 24,892 24,892 Total revenues $ 740,318 $ 2,069,477 $ 783,603 $ 152,412 $ 3,745,810 Total revenues $ 740,318 $ 2,069,477 $ 783,603 $ 152,412 $ 3,745,810 Less: Interest and other income — — — 24,892 24,892 Property-level operating expenses — 1,446,201 243,679 — 1,689,880 Office building services costs — — 1,418 — 1,418 Segment NOI $ 740,318 $ 623,276 $ 538,506 $ 127,520 2,029,620 Interest and other income 24,892 Interest expense (442,497 ) Depreciation and amortization (919,639 ) General, administrative and professional fees (151,982 ) Loss on extinguishment of debt, net (58,254 ) Merger-related expenses and deal costs (30,547 ) Other (66,768 ) Loss from unconsolidated entities (55,034 ) Gain on real estate dispositions 46,247 Income tax benefit 39,953 Income from continuing operations 415,991 Discontinued operations (10 ) Net income 415,981 Net income attributable to noncontrolling interests 6,514 Net income attributable to common stockholders $ 409,467 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 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 ) Loss from unconsolidated entities (561 ) Gain on real estate dispositions 717,273 Income tax benefit 59,799 Income from continuing operations 1,361,222 Discontinued operations (110 ) Net income 1,361,112 Net income attributable to noncontrolling interests 4,642 Net income attributable to common stockholders $ 1,356,470 Assets by reportable business segment are as follows: As of December 31, 2019 2018 (Dollars in thousands) Assets: Triple-net leased properties $ 6,381,657 25.8 % $ 6,795,142 30.1 % Senior living operations 10,142,023 41.1 8,156,187 36.1 Office operations 7,173,401 29.1 6,772,957 30.0 All other assets 995,127 4.0 860,269 3.8 Total assets $ 24,692,208 100.0 % $ 22,584,555 100.0 % Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Capital expenditures: Triple-net leased properties $ 55,429 $ 58,744 $ 254,542 Senior living operations 944,214 337,750 261,900 Office operations 519,129 332,147 579,885 Total capital expenditures $ 1,518,772 $ 728,641 $ 1,096,327 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 Years Ended December 31, 2019 2018 2017 (In thousands) Revenues: United States $ 3,578,341 $ 3,524,875 $ 3,361,682 Canada 266,946 192,350 186,049 United Kingdom 27,463 28,585 26,418 Total revenues $ 3,872,750 $ 3,745,810 $ 3,574,149 As of December 31, 2019 2018 (In thousands) Net real estate property: United States $ 18,631,352 $ 18,861,163 Canada 2,830,850 963,588 United Kingdom 266,885 268,906 Total net real estate property $ 21,729,087 $ 20,093,657

Condensed Consolidating Informa

Condensed Consolidating Information	12 Months Ended
Condensed Consolidating Information	Dec. 31, 2019
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. None of our other subsidiaries is obligated with respect to Ventas Canada’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’s senior notes. The following summarizes our condensed consolidating information as of December 31, 2019 and 2018 and for the years ended December 31, 2019 , 2018 , and 2017 : CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 14,714 $ 108,533 $ 22,355,474 $ — $ 22,478,721 Cash and cash equivalents 1,904 — 104,459 — 106,363 Escrow deposits and restricted cash 1,205 128 38,406 — 39,739 Investment in and advances to affiliates 15,774,897 2,728,110 — (18,503,007 ) — Goodwill — — 1,051,161 — 1,051,161 Assets held for sale — — 91,433 — 91,433 Deferred income tax assets, net — — 47,495 — 47,495 Other assets 83,190 1,499 792,607 — 877,296 Total assets $ 15,875,910 $ 2,838,270 $ 24,481,035 $ (18,503,007 ) $ 24,692,208 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,352,384 $ 3,806,389 $ — $ 12,158,773 Intercompany loans 8,789,600 (5,105,070 ) (3,684,530 ) — — Accrued interest (14,522 ) 94,874 30,763 — 111,115 Operating lease liabilities 14,498 519 236,179 — 251,196 Accounts payable and other liabilities 342,828 20,360 782,512 — 1,145,700 Liabilities related to assets held for sale — — 5,463 — 5,463 Deferred income tax liabilities 1,329 — 199,502 — 200,831 Total liabilities 9,133,733 3,363,067 1,376,278 — 13,873,078 Redeemable OP unitholder and noncontrolling interests 102,657 — 171,021 — 273,678 Total equity 6,639,520 (524,797 ) 22,933,736 (18,503,007 ) 10,545,452 Total liabilities and equity $ 15,875,910 $ 2,838,270 $ 24,481,035 $ (18,503,007 ) $ 24,692,208 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 3,598 $ 112,691 $ 20,521,615 $ — $ 20,637,904 Cash and cash equivalents 6,470 — 65,807 — 72,277 Escrow deposits and restricted cash 4,211 128 54,848 — 59,187 Investment in and advances to affiliates 15,656,592 2,726,198 — (18,382,790 ) — Goodwill — — 1,050,548 — 1,050,548 Assets held for sale — — 5,454 — 5,454 Other assets 45,989 4,443 708,753 — 759,185 Total assets $ 15,716,860 $ 2,843,460 $ 22,407,025 $ (18,382,790 ) $ 22,584,555 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,620,867 $ 2,112,832 $ — $ 10,733,699 Intercompany loans 8,580,896 (5,629,764 ) (2,951,132 ) — — Accrued interest (9,953 ) 85,717 23,903 — 99,667 Accounts payable and other liabilities 319,753 19,178 747,099 — 1,086,030 Liabilities related to assets held for sale — — 205 — 205 Deferred income taxes 608 — 204,611 — 205,219 Total liabilities 8,891,304 3,095,998 137,518 — 12,124,820 Redeemable OP unitholder and noncontrolling interests 13,746 — 174,395 — 188,141 Total equity 6,811,810 (252,538 ) 22,095,112 (18,382,790 ) 10,271,594 Total liabilities and equity $ 15,716,860 $ 2,843,460 $ 22,407,025 $ (18,382,790 ) $ 22,584,555 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 1,074 $ 142,562 $ 1,466,240 $ — $ 1,609,876 Resident fees and services — — 2,151,533 — 2,151,533 Office building and other services revenues — — 11,156 — 11,156 Income from loans and investments 2,812 — 86,389 — 89,201 Equity earnings in affiliates 362,143 — (2,469 ) (359,674 ) — Interest and other income 214 192 10,578 — 10,984 Total revenues 366,243 142,754 3,723,427 (359,674 ) 3,872,750 Expenses Interest (87,222 ) 323,860 215,024 — 451,662 Depreciation and amortization 5,686 5,410 1,034,524 — 1,045,620 Property-level operating expenses — 578 1,807,630 — 1,808,208 Office building services costs — — 2,319 — 2,319 General, administrative and professional fees 6,512 17,958 141,526 — 165,996 Loss on extinguishment of debt, net — 41,875 25 — 41,900 Merger-related expenses and deal costs 7,170 — 8,065 — 15,235 Other 2,077 2 (19,688 ) — (17,609 ) Total expenses (65,777 ) 389,683 3,189,425 — 3,513,331 Income (loss) before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 432,020 (246,929 ) 534,002 (359,674 ) 359,419 Loss from unconsolidated entities — — (2,454 ) — (2,454 ) Gain on real estate dispositions 930 88 25,004 — 26,022 Income tax benefit 66 — 56,244 — 56,310 Income (loss) from continuing operations 433,016 (246,841 ) 612,796 (359,674 ) 439,297 Net income (loss) 433,016 (246,841 ) 612,796 (359,674 ) 439,297 Net income attributable to noncontrolling interests — — 6,281 — 6,281 Net income (loss) attributable to common stockholders $ 433,016 $ (246,841 ) $ 606,515 $ (359,674 ) $ 433,016 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 1,407 $ 139,043 $ 1,373,357 $ — $ 1,513,807 Resident fees and services — — 2,069,477 — 2,069,477 Office building and other services revenues — — 13,416 — 13,416 Income from loans and investments 1,640 — 122,578 — 124,218 Equity earnings in affiliates 308,764 — (2,696 ) (306,068 ) — Interest and other income 23,802 19 1,071 — 24,892 Total revenues 335,613 139,062 3,577,203 (306,068 ) 3,745,810 Expenses Interest (98,411 ) 327,898 213,010 — 442,497 Depreciation and amortization 5,425 5,680 908,534 — 919,639 Property-level operating expenses — 283 1,689,597 — 1,689,880 Office building services costs — — 1,418 — 1,418 General, administrative and professional fees (2,866 ) 18,845 136,003 — 151,982 Loss on extinguishment of debt, net 355 55,910 1,989 — 58,254 Merger-related expenses and deal costs 25,880 — 4,667 — 30,547 Other 4,881 3 61,884 — 66,768 Total expenses (64,736 ) 408,619 3,017,102 — 3,360,985 Income (loss) before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 400,349 (269,557 ) 560,101 (306,068 ) 384,825 Loss from unconsolidated entities — — (55,034 ) — (55,034 ) Gain on real estate dispositions 6,653 — 39,594 — 46,247 Income tax benefit 2,475 — 37,478 — 39,953 Income (loss) from continuing operations 409,477 (269,557 ) 582,139 (306,068 ) 415,991 Discontinued operations (10 ) — — — (10 ) Net income (loss) 409,467 (269,557 ) 582,139 (306,068 ) 415,981 Net income attributable to noncontrolling interests — — 6,514 — 6,514 Net income (loss) attributable to common stockholders $ 409,467 $ (269,557 ) $ 575,625 $ (306,068 ) $ 409,467 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 1,260,665 — 5,086 (1,265,751 ) — Interest and other income 5,388 — 646 — 6,034 Total revenues 1,269,672 178,165 3,392,063 (1,265,751 ) 3,574,149 Expenses Interest (101,385 ) 319,632 229,949 — 448,196 Depreciation and amortization 5,483 7,510 874,955 — 887,948 Property-level operating expenses — 330 1,482,742 — 1,483,072 Office building services costs — — 3,391 — 3,391 General, administrative and professional fees 2,040 16,976 116,474 — 135,490 Loss (gain) on extinguishment of de bt, net — 942 (188 ) — 754 Merger-related expenses and deal costs 9,796 — 739 — 10,535 Other 2,247 1 17,804 — 20,052 Total expenses (81,819 ) 345,391 2,725,866 — 2,989,438 Income (loss) before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 1,351,491 (167,226 ) 666,197 (1,265,751 ) 584,711 Loss from unconsolidated entities — — (561 ) — (561 ) Gain on real estate dispositions — 675,808 41,465 — 717,273 Income tax benefit 5,089 — 54,710 — 59,799 Income from continuing operations 1,356,580 508,582 761,811 (1,265,751 ) 1,361,222 Discontinued operations (110 ) — — — (110 ) Net income 1,356,470 508,582 761,811 (1,265,751 ) 1,361,112 Net income attributable to noncontrolling interests — — 4,642 — 4,642 Net income attributable to common stockholders $ 1,356,470 $ 508,582 $ 757,169 $ (1,265,751 ) $ 1,356,470 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 433,016 $ (246,841 ) $ 612,796 $ (359,674 ) $ 439,297 Other comprehensive loss: Foreign currency translation — — 5,729 — 5,729 Unrealized gain on available for sale securities — — 11,634 — 11,634 Derivative instruments — — (30,814 ) — (30,814 ) Total other comprehensive loss — — (13,451 ) — (13,451 ) Comprehensive income (loss) 433,016 (246,841 ) 599,345 (359,674 ) 425,846 Comprehensive income attributable to noncontrolling interests — — 7,649 — 7,649 Comprehensive income (loss) attributable to common stockholders $ 433,016 $ (246,841 ) $ 591,696 $ (359,674 ) $ 418,197 For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 409,467 $ (269,557 ) $ 582,139 $ (306,068 ) $ 415,981 Other comprehensive income: Foreign currency translation — — (9,436 ) — (9,436 ) Unrealized gain on available for sale securities — — 14,944 — 14,944 Derivative instruments — — 10,030 — 10,030 Total other comprehensive income — — 15,538 — 15,538 Comprehensive income (loss) 409,467 (269,557 ) 597,677 (306,068 ) 431,519 Comprehensive income attributable to noncontrolling interests — — 6,514 — 6,514 Comprehensive income (loss) attributable to common stock holders $ 409,467 $ (269,557 ) $ 591,163 $ (306,068 ) $ 425,005 For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income $ 1,356,470 $ 508,582 $ 761,811 $ (1,265,751 ) $ 1,361,112 Other comprehensive incom e: Foreign currency translation — — 20,612 — 20,612 Unrealized loss on available for sale securities — — (437 ) — (437 ) Derivative instruments — — 2,239 — 2,239 Total other comprehensive income — — 22,414 — 22,414 Comprehensive income 1,356,470 508,582 784,225 (1,265,751 ) 1,383,526 Comprehensive income attributable to noncontrolling interests — — 4,642 — 4,642 Comprehensive income attributable to common stockholders $ 1,356,470 $ 508,582 $ 779,583 $ (1,265,751 ) $ 1,378,884 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 59,433 $ (179,258 ) $ 1,557,608 $ — $ 1,437,783 Cash flows from investing activities: Net investment in real estate property (235,807 ) — (722,318 ) — (958,125 ) Investment in loans receivable (21,799 ) — (1,236,388 ) — (1,258,187 ) Proceeds from real estate disposals 147,546 — 309 — 147,855 Proceeds from loans receivable 60 — 1,017,249 — 1,017,309 Development project expenditures (7,240 ) (790 ) (395,893 ) — (403,923 ) Capital expenditures — — (156,724 ) — (156,724 ) Distributions from unconsolidated entities — — 172 — 172 Investment in unconsolidated entities — — (3,855 ) — (3,855 ) Insurance proceeds for property damage claims — — 30,179 — 30,179 Net cash used in investing activities (117,240 ) (790 ) (1,467,269 ) — (1,585,299 ) Cash flows from financing activities: Net change in borrowings under revolving credit facilities — (577,996 ) 8,105 — (569,891 ) Net change in borrowings under commercial paper program — 565,524 — — 565,524 Proceeds from debt — 1,793,154 1,220,037 — 3,013,191 Repayment of debt — (2,109,894 ) (514,022 ) — (2,623,916 ) Net change in intercompany debt 225,407 525,608 (751,015 ) — — Payment of deferred financing costs — (16,348 ) (5,055 ) — (21,403 ) Issuance of common stock, net 942,085 — — — 942,085 Cash distribution to common stockholders (1,157,720 ) — — — (1,157,720 ) Cash distribution to redeemable OP unitholders — — (9,218 ) — (9,218 ) Purchases of redeemable OP Units — — (2,203 ) — (2,203 ) Contributions from noncontrolling interests — — 6,282 — 6,282 Distributions to noncontrolling interests — — (9,717 ) — (9,717 ) Proceeds from stock option exercises 36,179 — — — 36,179 Other (8,502 ) — (17 ) — (8,519 ) Net cash provided by (used in) financing activities 37,449 180,048 (56,823 ) — 160,674 Net (decrease) increase in cash, cash equivalents and restricted cash (20,358 ) — 33,516 — 13,158 Effect of foreign currency translation 12,786 — (11,306 ) — 1,480 Cash, cash equivalents and restricted cash at beginning of period 10,681 128 120,655 — 131,464 Cash, cash equivalents and restricted cash at end of period $ 3,109 $ 128 $ 142,865 $ — $ 146,102 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 45,334 $ (194,283 ) $ 1,530,416 $ — $ 1,381,467 Cash flows from investing activities: Net investment in real estate property (265,907 ) — — — (265,907 ) Investment in loans receivable and other (4,307 ) — (225,227 ) — (229,534 ) Proceeds from real estate disposals 353,792 — — — 353,792 Proceeds from loans receivable 1,490 — 910,050 — 911,540 Development project expenditures — — (330,876 ) — (330,876 ) Capital expenditures — (1,199 ) (130,659 ) — (131,858 ) Distributions from unconsolidated entities — — 57,455 — 57,455 Investment in unconsolidated entities — — (47,007 ) — (47,007 ) Insurance proceeds for property damage claims — — 6,891 — 6,891 Net cash provided by (used in) investing activities 85,068 (1,199 ) 240,627 — 324,496 Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — 326,620 (5,157 ) — 321,463 Proceeds from debt — 2,309,141 240,332 — 2,549,473 Repayment of debt — (2,954,654 ) (510,925 ) — (3,465,579 ) Net change in intercompany debt 1,468,811 530,236 (1,999,047 ) — — Purchase of noncontrolling interests (8,271 ) — 3,547 — (4,724 ) Payment of deferred financing costs — (15,861 ) (4,751 ) — (20,612 ) Cash distribution (to) from affiliates (490,214 ) — 490,214 — — Cash distribution to common stockholders (1,127,143 ) — — — (1,127,143 ) Cash distribution to redeemable OP unitholders — — (7,459 ) — (7,459 ) Cash issued for redemption of OP Units — — (1,370 ) — (1,370 ) Contributions from noncontrolling interests — — 1,883 — 1,883 Distributions to noncontrolling interests — — (11,574 ) — (11,574 ) Proceeds from stock option exercises 8,762 — — — 8,762 Other (5,057 ) — — — (5,057 ) Net cash (used in) provided by financing activities (153,112 ) 195,482 (1,804,307 ) — (1,761,937 ) Net decrease in cash, cash equivalents and restricted cash (22,710 ) — (33,264 ) — (55,974 ) Effect of foreign currency translation (13,554 ) — 12,739 — (815 ) Cash, cash equivalents and restricted cash at beginning of period 46,945 128 141,180 — 188,253 Cash, cash equivalents and restricted cash at end of period $ 10,681 $ 128 $ 120,655 $ — $ 131,464 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 $ 149,923 $ (143,960 ) $ 1,422,789 $ — $ 1,428,752 Cash flows from investing activities: Net investment in real estate property (635,352 ) — (29,332 ) — (664,684 ) Investment in loans receivable and other (4,633 ) — (743,486 ) — (748,119 ) Proceeds from real estate disposals 859,587 — 287 — 859,874 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 ) Insurance proceeds for property damage claims — — 1,419 — 1,419 Net cash provided by (used in) investing activities 219,649 (726 ) (1,156,030 ) — (937,107 ) Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — 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 ) Net change in intercompany debt 1,003,315 (917,917 ) (85,398 ) — — Purchase of noncontrolling interests (15,809 ) — — — (15,809 ) 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 (803,257 ) 587,511 215,746 — — 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 ) Proceeds from stock option exercises 16,287 — — — 16,287 Other (5,705 ) — — — (5,705 ) Net cash (used in) provided by financing activities (558,858 ) 143,310 (255,779 ) — (671,327 ) Net (decrease) increase in cash, cash equivalents and restricted cash (189,286 ) (1,376 ) 10,980 — (179,682 ) Effect of foreign currency translation 28,442 — (27,861 ) — 581 Cash, cash equivalents and restricted cash at beginning of period 207,789 1,504 158,061 — 367,354 Cash, cash equivalents and restricted cash at end of period $ 46,945 $ 128 $ 141,180 $ — $ 188,253

Schedule II_ Valuation and Qual

Schedule II: Valuation and Qualifying Accounts	12 Months Ended
Schedule II: Valuation and Qualifying Accounts	Dec. 31, 2019
SEC Schedule, 12-09, 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 2018 Allowance for doubtful accounts $ 15,164 10,708 3,515 (7,533 ) (9 ) $ 21,845 Straight-line rent receivable allowance (1) $ 117,764 (71,543 ) — — (1,576 ) $ 44,645 $ 132,928 (60,835 ) 3,515 (7,533 ) (1,585 ) $ 66,490 2017 Allowance for doubtful accounts $ 11,637 7,207 — (3,237 ) (443 ) $ 15,164 Straight-line rent receivable allowance $ 109,836 8,540 — — (612 ) $ 117,764 $ 121,473 15,747 — (3,237 ) (1,055 ) $ 132,928 (1) Amounts charged to earnings primarily relate to termination of lease arrangements with Elmcroft in January 2018.

Schedule III_ Real Estate and A

Schedule III: Real Estate and Accumulated Depreciation	12 Months Ended
Schedule III: Real Estate and Accumulated Depreciation	Dec. 31, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in 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, 2019 2018 2017 (In thousands) Reconciliation of real estate: Carrying cost: Balance at beginning of period $ 24,973,983 $ 24,712,478 $ 23,859,816 Additions during period: Acquisitions 1,941,016 318,895 702,501 Capital expenditures 563,706 446,490 453,829 Deductions during period: Foreign currency translation 107,508 (105,192 ) 93,490 Other (1) (460,490 ) (398,688 ) (397,158 ) Balance at end of period $ 27,125,723 $ 24,973,983 $ 24,712,478 Accumulated depreciation: Balance at beginning of period $ 5,492,310 $ 4,802,917 $ 4,208,010 Additions during period: Depreciation expense 828,954 791,882 760,314 Dispositions: Sales and/or transfers to assets held for sale (136,093 ) (84,819 ) (176,918 ) Foreign currency translation 12,755 (17,670 ) 11,511 Balance at end of period $ 6,197,926 $ 5,492,310 $ 4,802,917 (1) Other may include sales, transfers to assets held for sale and impairments. SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2019 (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 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed SPECIALTY HOSPITALS Rehabilitation Hospital of Southern Arizona Tucson AZ $ — $ 770 $ 25,589 $ — $ 770 $ 25,589 $ 26,359 $ 6,388 $ 19,971 1992 2011 35 years Kindred Hospital - Brea Brea CA — 3,144 2,611 — 3,144 2,611 5,755 1,605 4,150 1990 1995 40 years Kindred Hospital - Ontario Ontario CA — 523 2,988 — 523 2,988 3,511 3,228 283 1950 1994 25 years Kindred Hospital - San Diego San Diego CA — 670 11,764 — 670 11,764 12,434 11,942 492 1965 1994 25 years Kindred Hospital - San Francisco Bay Area San Leandro CA — 2,735 5,870 — 2,735 5,870 8,605 6,187 2,418 1962 1993 25 years Tustin Rehabilitation Hospital Tustin CA — 2,810 25,248 — 2,810 25,248 28,058 6,424 21,634 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 6,712 551 1963 1994 20 years Kindred Hospital - South Florida - Coral Gables Coral Gables FL — 1,071 5,348 (1,000 ) 71 5,348 5,419 5,196 223 1956 1992 30 years Kindred Hospital - South Florida Ft. Lauderdale Fort Lauderdale FL — 1,758 14,080 — 1,758 14,080 15,838 14,154 1,684 1969 1989 30 years Kindred Hospital - North Florida Green Cove Springs FL — 145 4,613 — 145 4,613 4,758 4,683 75 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 15,050 3,057 1968 1997 40 years Kindred Hospital - Central Tampa Tampa FL — 2,732 7,676 — 2,732 7,676 10,408 5,647 4,761 1970 1993 40 years Kindred Hospital - Chicago (North Campus) Chicago IL — 1,583 19,980 — 1,583 19,980 21,563 20,004 1,559 1949 1995 25 years Kindred - Chicago - Lakeshore Chicago IL — 1,513 9,525 — 1,513 9,525 11,038 9,480 1,558 1995 1976 20 years Kindred Hospital - Chicago (Northlake Campus) Northlake IL — 850 6,498 — 850 6,498 7,348 6,552 796 1960 1991 30 years Kindred Hospital - Sycamore Sycamore IL — 77 8,549 — 77 8,549 8,626 8,403 223 1949 1993 20 years Kindred Hospital - Indianapolis Indianapolis IN — 985 3,801 — 985 3,801 4,786 3,775 1,011 1955 1993 30 years Kindred Hospital - Louisville Louisville KY — 3,041 12,279 — 3,041 12,279 15,320 12,580 2,740 1964 1995 20 years Kindred Hospital - St. Louis St. Louis MO — 1,126 2,087 — 1,126 2,087 3,213 2,020 1,193 1984 1991 40 years Kindred Hospital - Las Vegas (Sahara) Las Vegas NV — 1,110 2,177 — 1,110 2,177 3,287 1,543 1,744 1980 1994 40 years Lovelace Rehabilitation Hospital Albuquerque NM — 401 17,796 1,068 401 18,864 19,265 2,646 16,619 1989 2015 36 years Kindred Hospital - Albuquerque Albuquerque NM — 11 4,253 — 11 4,253 4,264 3,125 1,139 1985 1993 40 years Kindred Hospital - Greensboro Greensboro NC — 1,010 7,586 — 1,010 7,586 8,596 7,758 838 1964 1994 20 years University Hospitals Rehabilitation Hospital Beachwood OH — 1,800 16,444 — 1,800 16,444 18,244 3,176 15,068 2013 2013 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 1 Land and Improvements Buildings and Improvements Total Accumulated Depreciation NBV Year of Construction Year Acquired Life on Which Depreciation in Income Statement is Computed Kindred Hospital - Philadelphia Philadelphia PA — 135 5,223 — 135 5,223 5,358 3,807 1,551 1960 1995 35 years Kindred Hospital - Chattanooga Chattanooga TN — 756 4,415 — 756 4,415 5,171 4,288 883 1975 1993 22 years Ardent Harrington Cancer Center Amarillo TX — 974 7,752 — 974 7,752 8,726 — 8,726 CIP CIP CIP Rehabilitation Hospital of Dallas Dallas TX — 2,318 38,702 — 2,318 38,702 41,020 6,054 34,966 2009 2015 35 years Baylor Institute for Rehabilitation - Ft. Worth TX Fort Worth TX — 2,071 16,018 — 2,071 16,018 18,089 2,719 15,370 2008 2015 35 years Kindred Hospital - Tarrant County (Fort Worth Southwest) Fort Worth TX — 2,342 7,458 — 2,342 7,458 9,800 7,507 2,293 1987 1986 20 years Rehabilitation Hospital The Vintage Houston TX — 1,838 34,832 — 1,838 34,832 36,670 5,714 30,956 2012 2015 35 years Kindred Hospital (Houston Northwest) Houston TX — 1,699 6,788 — 1,699 6,788 8,487 6,080 2,407 1986 1985 40 years Kindred Hospital - Houston Houston TX — 33 7,062 — 33 7,062 7,095 6,726 369 1972 1994 20 years Kindred Hospital - Mansfield Mansfield TX — 267 2,462 — 267 2,462 2,729 2,127 602 1983 1990 40 years Select Rehabilitation - San Antonio TX San Antonio TX — 1,859 18,301 — 1,859 18,301 20,160 3,046 17,114 2010 2015 35 years Kindred Hospital - San Antonio San Antonio TX — 249 11,413 — 249 11,413 11,662 10,236 1,426 1981 1993 30 years TOTAL FOR SPECIALTY HOSPITALS — 48,035 412,874 68 47,035 413,942 460,977 239,378 221,599 SKILLED NURSING FACILITIES Englewood Post Acute and Rehabilitation Englewood CO — 241 2,180 194 241 2,374 2,615 2,161 454 1960 1995 30 years Brookdale Lisle SNF Lisle IL — 730 9,270 711 910 9,801 10,711 3,363 7,348 1990 2009 35 years Lopatcong Center Phillipsburg NJ — 1,490 12,336 — 1,490 12,336 13,826 6,815 7,011 1982 2004 30 years The Belvedere Chester PA — 822 7,203 — 822 7,203 8,025 3,970 4,055 1899 2004 30 years Pennsburg Manor Pennsburg PA — 1,091 7,871 — 1,091 7,871 8,962 4,384 4,578 1982 2004 30 years Chapel Manor Philadelphia PA — 1,595 13,982 1,358 1,595 15,340 16,935 9,036 7,899 1948 2004 30 years Wayne Center Strafford PA — 662 6,872 850 662 7,722 8,384 4,616 3,768 1897 2004 30 years Everett Rehabilitation & Care Everett WA — 2,750 27,337 — 2,750 27,337 30,087 7,058 23,029 1995 2011 35 years Beacon Hill Rehabilitation Longview WA — 145 2,563 171 145 2,734 2,879 2,589 290 1955 1992 29 years Columbia Crest Care & Rehabilitation Center Moses Lake WA — 660 17,439 — 660 17,439 18,099 4,575 13,524 1972 2011 35 years Lake Ridge Solana Alzheimer's Care Center Moses Lake WA — 660 8,866 — 660 8,866 9,526 2,408 7,118 1988 2011 35 years Rainier Rehabilitation Puyallup WA — 520 4,780 305 520 5,085 5,605 3,676 1,929 1986 1991 40 years Logan Center Logan WV — 300 12,959 — 300 12,959 13,259 3,344 9,915 1987 2011 35 years Ravenswood Healthcare Center Ravenswood WV — 320 12,710 — 320 12,710 13,030 3,293 9,737 1987 2011 35 years Valley Center South Charleston WV — 750 24,115 — 750 24,115 24,865 6,302 18,563 1987 2011 35 years White Sulphur White Sulphur Springs WV — 250 13,055 — 250 13,055 13,305 3,401 9,904 1987 2011 35 years TOTAL FOR SKILLED NURSING FACILITIES — 12,986 183,538 3,589 13,166 186,947 200,113 70,991 129,122 GENERAL ACUTE CARE Lovelace Medical Center Downtown Albuquerque NM — 9,840 154,017 9,763 9,928 163,692 173,620 24,502 149,118 1968 2015 33.5 years Lovelace Westside Hospital Albuquerque NM — 10,107 13,576 2,133 10,107 15,709 25,816 5,451 20,365 1984 2015 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 1 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 Women's Hospital Albuquerque NM — 7,236 175,142 20,075 7,236 195,217 202,453 19,417 183,036 1983 2015 47 years Roswell Regional Hospital Roswell NM — 2,560 41,125 2,186 2,560 43,311 45,871 4,662 41,209 2007 2015 47 years Hillcrest Hospital Claremore Claremore OK — 3,623 23,864 638 3,623 24,502 28,125 3,296 24,829 1955 2015 40 years Bailey Medical Center Owasso OK — 4,964 7,059 155 4,964 7,214 12,178 1,484 10,694 2006 2015 32.5 years Hillcrest Medical Center Tulsa OK — 28,319 215,959 12,718 28,319 228,677 256,996 32,698 224,298 1928 2015 34 years Hillcrest Hospital South Tulsa OK — 17,026 112,231 1,016 17,026 113,247 130,273 13,703 116,570 1999 2015 40 years SouthCreek Medical Plaza Tulsa OK — 2,943 17,860 599 2,943 18,459 21,402 819 20,583 2003 2018 35 years Baptist St. Anthony's Hospital Amarillo TX — 13,779 357,733 26,812 13,015 385,309 398,324 39,473 358,851 1967 2015 44.5 years Spire Hull and East Riding Hospital Anlaby HUL — 3,194 81,613 (12,561 ) 2,721 69,525 72,246 8,167 64,079 2010 2014 50 years Spire Fylde Coast Hospital Blackpool LAN — 2,446 28,896 (4,642 ) 2,084 24,616 26,700 2,934 23,766 1980 2014 50 years Spire Clare Park Hospital Farnham SUR — 6,263 26,119 (4,797 ) 5,335 22,250 27,585 2,757 24,828 2009 2014 50 years TOTAL FOR GENERAL ACUTE CARE — 112,300 1,255,194 54,095 109,861 1,311,728 1,421,589 159,363 1,262,226 BROOKDALE SENIORS HOUSING COMMUNITIES Brookdale Chandler Ray Road Chandler AZ — 2,000 6,538 178 2,000 6,716 8,716 1,836 6,880 1998 2011 35 years Brookdale Springs Mesa Mesa AZ — 2,747 24,918 1,401 2,751 26,315 29,066 12,087 16,979 1986 2005 35 years Brookdale East Arbor Mesa AZ — 655 6,998 196 711 7,138 7,849 3,377 4,472 1998 2005 35 years Brookdale Oro Valley Oro Valley AZ — 666 6,169 — 666 6,169 6,835 2,966 3,869 1998 2005 35 years Brookdale Peoria Peoria AZ — 598 4,872 670 650 5,490 6,140 2,346 3,794 1998 2005 35 years Brookdale Tempe Tempe AZ — 611 4,066 150 611 4,216 4,827 1,960 2,867 1997 2005 35 years Brookdale East Tucson Tucson AZ — 506 4,745 50 556 4,745 5,301 2,282 3,019 1998 2005 35 years Brookdale Anaheim Anaheim CA — 2,464 7,908 95 2,464 8,003 10,467 3,598 6,869 1977 2005 35 years Brookdale Redwood City Redwood City CA — 7,669 66,691 422 7,719 67,063 74,782 32,460 42,322 1988 2005 35 years Brookdale San Jose San Jose CA — 6,240 66,329 14,386 6,250 80,705 86,955 34,064 52,891 1987 2005 35 years Brookdale San Marcos San Marcos CA — 4,288 36,204 235 4,314 36,413 40,727 17,723 23,004 1987 2005 35 years Brookdale Tracy Tracy CA — 1,110 13,296 521 1,110 13,817 14,927 5,758 9,169 1986 2005 35 years Brookdale Boulder Creek Boulder CO — 1,290 20,683 402 1,414 20,961 22,375 5,489 16,886 1985 2011 35 years Brookdale Vista Grande Colorado Springs CO — 715 9,279 — 715 9,279 9,994 4,462 5,532 1997 2005 35 years Brookdale El Camino Pueblo CO — 840 9,403 76 874 9,445 10,319 4,523 5,796 1997 2005 35 years Brookdale Farmington Farmington CT — 3,995 36,310 492 4,016 36,781 40,797 17,572 23,225 1984 2005 35 years Brookdale South Windsor South Windsor CT — 2,187 12,682 88 2,198 12,759 14,957 5,726 9,231 1999 2004 35 years Brookdale Chatfield West Hartford CT — 2,493 22,833 23,667 2,493 46,500 48,993 13,584 35,409 1989 2005 35 years Brookdale Bonita Springs Bonita Springs FL — 1,540 10,783 726 1,594 11,455 13,049 5,185 7,864 1989 2005 35 years Brookdale West Boynton Beach Boynton Beach FL — 2,317 16,218 903 2,347 17,091 19,438 7,572 11,866 1999 2005 35 years Brookdale Deer Creek AL/MC Deerfield Beach FL — 1,399 9,791 18 1,399 9,809 11,208 4,850 6,358 1999 2005 35 years Brookdale Fort Myers The Colony Fort Myers FL — 1,510 7,862 390 1,510 8,252 9,762 2,059 7,703 1996 2011 35 years Brookdale Avondale Jacksonville FL — 860 16,745 140 860 16,885 17,745 4,256 13,489 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 1 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 9,659 567 1,300 10,226 11,526 2,493 9,033 1997 2011 35 years Brookdale Jensen Beach Jensen Beach FL — 1,831 12,820 639 1,831 13,459 15,290 6,113 9,177 1999 2005 35 years Brookdale Ormond Beach West Ormond Beach FL — 1,660 9,738 27 1,660 9,765 11,425 2,530 8,895 1997 2011 35 years Brookdale Palm Coast Palm Coast FL — 470 9,187 — 470 9,187 9,657 2,399 7,258 1997 2011 35 years Brookdale Pensacola Pensacola FL — 633 6,087 11 633 6,098 6,731 2,929 3,802 1998 2005 35 years Brookdale Rotonda Rotonda West FL — 1,740 4,331 170 1,740 4,501 6,241 1,348 4,893 1997 2011 35 years Brookdale Centre Pointe Boulevard Tallahassee FL — 667 6,168 — 667 6,168 6,835 2,966 3,869 1998 2005 35 years Brookdale Tavares Tavares FL — 280 15,980 — 280 15,980 16,260 4,058 12,202 1997 2011 35 years Brookdale West Melbourne MC West Melbourne FL — 586 5,481 — 586 5,481 6,067 2,635 3,432 2000 2005 35 years Brookdale West Palm Beach West Palm Beach FL — 3,758 33,072 1,277 3,935 34,172 38,107 16,151 21,956 1990 2005 35 years Brookdale Winter Haven MC Winter Haven FL — 232 3,006 — 232 3,006 3,238 1,445 1,793 1997 2005 35 years Brookdale Winter Haven AL Winter Haven FL — 438 5,549 133 438 5,682 6,120 2,668 3,452 1997 2005 35 years Brookdale Twin Falls Twin Falls ID — 703 6,153 1,065 718 7,203 7,921 2,961 4,960 1997 2005 35 years Brookdale Lake Shore Drive Chicago IL — 11,057 107,517 6,336 11,089 113,821 124,910 53,755 71,155 1990 2005 35 years Brookdale Lake View Chicago IL — 3,072 26,668 — 3,072 26,668 29,740 12,980 16,760 1950 2005 35 years Brookdale Des Plaines Des Plaines IL — 6,871 60,165 (41 ) 6,805 60,190 66,995 29,257 37,738 1993 2005 35 years Brookdale Hoffman Estates Hoffman Estates IL — 3,886 44,130 3,848 4,273 47,591 51,864 20,890 30,974 1987 2005 35 years Brookdale Lisle IL/AL Lisle IL 33,000 7,953 70,400 — 7,953 70,400 78,353 34,170 44,183 1990 2005 35 years Brookdale Northbrook Northbrook IL — 1,988 39,762 652 2,076 40,326 42,402 18,346 24,056 1999 2004 35 years Brookdale Hawthorn Lakes IL/AL Vernon Hills IL — 4,439 35,044 624 4,480 35,627 40,107 17,362 22,745 1987 2005 35 years Brookdale Hawthorn Lakes AL Vernon Hills IL — 1,147 10,041 401 1,175 10,414 11,589 4,885 6,704 1999 2005 35 years Brookdale Richmond Richmond IN — 495 4,124 342 555 4,406 4,961 1,992 2,969 1998 2005 35 years Brookdale Derby Derby KS — 440 4,422 — 440 4,422 4,862 1,169 3,693 1994 2011 35 years Brookdale Leawood State Line Leawood KS — 117 5,127 224 117 5,351 5,468 2,472 2,996 2000 2005 35 years Brookdale Salina Fairdale Salina KS — 300 5,657 150 353 5,754 6,107 1,496 4,611 1996 2011 35 years Brookdale Topeka Topeka KS — 370 6,825 — 370 6,825 7,195 3,282 3,913 2000 2005 35 years Brookdale Cushing Park Framingham MA — 5,819 33,361 2,907 5,872 36,215 42,087 15,942 26,145 1999 2004 35 years Brookdale Cape Cod Hyannis MA — 1,277 9,063 237 1,277 9,300 10,577 3,889 6,688 1999 2005 35 years Brookdale Quincy Bay Quincy MA — 6,101 57,862 3,566 6,216 61,313 67,529 27,935 39,594 1986 2005 35 years Brookdale Delta MC Delta Township MI — 730 11,471 119 730 11,590 12,320 2,956 9,364 1998 2011 35 years Brookdale Delta AL Delta Township MI — 820 3,313 30 820 3,343 4,163 1,191 2,972 1998 2011 35 years Brookdale Farmington Hills North Farmington Hills MI — 580 10,497 91 580 10,588 11,168 3,014 8,154 1994 2011 35 years Brookdale Farmington Hills North II Farmington Hills MI — 700 10,246 — 700 10,246 10,946 3,052 7,894 1994 2011 35 years Brookdale Meridian AL Haslett MI — 1,340 6,134 288 1,367 6,395 7,762 1,715 6,047 1998 2011 35 years Brookdale Grand Blanc MC Holly MI — 450 12,373 105 450 12,478 12,928 3,191 9,737 1998 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 1 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 Grand Blanc AL Holly MI — 620 14,627 — 620 14,627 15,247 3,789 11,458 1998 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 1 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 Northville Northville MI — 407 6,068 149 407 6,217 6,624 2,920 3,704 1996 2005 35 years Brookdale Troy MC Troy MI — 630 17,178 — 630 17,178 17,808 4,398 13,410 1998 2011 35 years Brookdale Troy AL Troy MI — 950 12,503 270 950 12,773 13,723 3,391 10,332 1998 2011 35 years Brookdale Utica AL Utica MI — 1,142 11,808 624 1,142 12,432 13,574 5,689 7,885 1996 2005 35 years Brookdale Utica MC Utica MI — 700 8,657 334 700 8,991 9,691 2,375 7,316 1995 2011 35 years Brookdale Eden Prairie Eden Prairie MN — 301 6,228 763 332 6,960 7,292 2,997 4,295 1998 2005 35 years Brookdale Faribault Faribault MN — 530 1,085 — 530 1,085 1,615 344 1,271 1997 2011 35 years Brookdale Inver Grove Heights Inver Grove Heights MN — 253 2,655 — 253 2,655 2,908 1,277 1,631 1997 2005 35 years Brookdale Mankato Mankato MN — 490 410 — 490 410 900 239 661 1996 2011 35 years Brookdale Edina Minneapolis MN 15,040 3,621 33,141 22,975 3,621 56,116 59,737 19,375 40,362 1998 2005 35 years Brookdale North Oaks North Oaks MN — 1,057 8,296 979 1,122 9,210 10,332 3,992 6,340 1998 2005 35 years Brookdale Plymouth Plymouth MN — 679 8,675 583 679 9,258 9,937 4,172 5,765 1998 2005 35 years Brookdale Willmar Wilmar MN — 470 4,833 — 470 4,833 5,303 1,254 4,049 1997 2011 35 years Brookdale Winona Winona MN — 800 1,390 — 800 1,390 2,190 724 1,466 1997 2011 35 years Brookdale West County Ballwin MO — 3,100 35,074 177 3,113 35,238 38,351 6,142 32,209 2012 2014 35 years Brookdale Evesham Voorhees Township NJ — 3,158 29,909 125 3,158 30,034 33,192 14,389 18,803 1987 2005 35 years Brookdale Westampton Westampton NJ — 881 4,741 829 881 5,570 6,451 2,302 4,149 1997 2005 35 years Brookdale Santa Fe Santa Fe NM — — 28,178 — — 28,178 28,178 13,333 14,845 1986 2005 35 years Brookdale Kenmore Buffalo NY — 1,487 15,170 752 1,487 15,922 17,409 7,294 10,115 1995 2005 35 years Brookdale Clinton IL Clinton NY — 947 7,528 604 961 8,118 9,079 3,637 5,442 1991 2005 35 years Brookdale Manlius Manlius NY — 890 28,237 303 190 29,240 29,430 7,183 22,247 1994 2011 35 years Brookdale Pittsford Pittsford NY — 611 4,066 16 611 4,082 4,693 1,958 2,735 1997 2005 35 years Brookdale East Niskayuna Schenectady NY — 1,021 8,333 715 1,021 9,048 10,069 4,019 6,050 1997 2005 35 years Brookdale Niskayuna Schenectady NY — 1,884 16,103 30 1,884 16,133 18,017 7,744 10,273 1996 2005 35 years Brookdale Summerfield Syracuse NY — 1,132 11,434 278 1,246 11,598 12,844 5,499 7,345 1991 2005 35 years Brookdale Williamsville Williamsville NY — 839 3,841 60 839 3,901 4,740 1,854 2,886 1997 2005 35 years Brookdale Cary Cary NC — 724 6,466 — 724 6,466 7,190 3,109 4,081 1997 2005 35 years Brookdale Falling Creek Hickory NC — 330 10,981 — 330 10,981 11,311 2,827 8,484 1997 2011 35 years Brookdale Winston-Salem Winston-Salem NC — 368 3,497 249 368 3,746 4,114 1,682 2,432 1997 2005 35 years Brookdale Alliance Alliance OH — 392 6,283 49 435 6,289 6,724 3,022 3,702 1998 2005 35 years Brookdale Austintown Austintown OH — 151 3,087 672 181 3,729 3,910 1,485 2,425 1999 2005 35 years Brookdale Barberton Barberton OH — 440 10,884 — 440 10,884 11,324 2,803 8,521 1997 2011 35 years Brookdale Beavercreek Beavercreek OH — 587 5,381 — 587 5,381 5,968 2,588 3,380 1998 2005 35 years Brookdale Centennial Park Clayton OH — 630 6,477 — 630 6,477 7,107 1,733 5,374 1997 2011 35 years Brookdale Westerville Columbus OH — 267 3,600 — 267 3,600 3,867 1,731 2,136 1999 2005 35 years Brookdale Greenville AL/MC Greenville OH — 490 4,144 55 545 4,144 4,689 1,246 3,443 1997 2011 35 years Brookdale Salem AL (OH) Salem OH — 634 4,659 — 634 4,659 5,293 2,240 3,053 1998 2005 35 years Brookdale Springdale Springdale OH — 1,140 9,134 144 1,228 9,190 10,418 2,382 8,036 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 1 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 Bartlesville South Bartlesville OK — 250 10,529 35 285 10,529 10,814 2,686 8,128 1997 2011 35 years Brookdale Broken Arrow Broken Arrow OK — 940 6,312 6,435 1,898 11,789 13,687 3,378 10,309 1996 2011 35 years Brookdale Forest Grove Forest Grove OR — 2,320 9,633 — 2,320 9,633 11,953 2,701 9,252 1994 2011 35 years Brookdale Mt. Hood Gresham OR — 2,410 9,093 (1,986 ) 319 9,198 9,517 2,556 6,961 1988 2011 35 years Brookdale McMinnville Town Center McMinnville OR 457 1,230 7,561 — 1,230 7,561 8,791 2,334 6,457 1989 2011 35 years Brookdale Denton North Denton TX — 1,750 6,712 43 1,750 6,755 8,505 1,768 6,737 1996 2011 35 years Brookdale Ennis Ennis TX — 460 3,284 — 460 3,284 3,744 926 2,818 1996 2011 35 years Brookdale Kerrville Kerrville TX — 460 8,548 120 460 8,668 9,128 2,205 6,923 1997 2011 35 years Brookdale Medical Center Whitby San Antonio TX — 1,400 10,051 — 1,400 10,051 11,451 2,616 8,835 1997 2011 35 years Brookdale Western Hills Temple TX — 330 5,081 177 330 5,258 5,588 1,377 4,211 1997 2011 35 years Brookdale Salem AL (VA) Salem VA — 1,900 16,219 — 1,900 16,219 18,119 7,630 10,489 1998 2011 35 years Brookdale Alderwood Lynnwood WA — 1,219 9,573 58 1,239 9,611 10,850 4,607 6,243 1999 2005 35 years Brookdale Puyallup South Puyallup WA — 1,055 8,298 — 1,055 8,298 9,353 3,990 5,363 1998 2005 35 years Brookdale Richland Richland WA — 960 23,270 365 960 23,635 24,595 6,129 18,466 1990 2011 35 years Brookdale Park Place Spokane WA — 1,622 12,895 345 1,622 13,240 14,862 6,362 8,500 1915 2005 35 years Brookdale Allenmore AL Tacoma WA — 620 16,186 947 671 17,082 17,753 4,224 13,529 1997 2011 35 years Brookdale Allenmore - IL Tacoma WA — 1,710 3,326 (622 ) 307 4,107 4,414 1,330 3,084 1988 2011 35 years Brookdale Yakima Yakima WA — 860 15,276 119 891 15,364 16,255 4,028 12,227 1998 2011 35 years Brookdale Kenosha Kenosha WI — 551 5,431 3,297 608 8,671 9,279 3,530 5,749 2000 2005 35 years Brookdale LaCrosse MC La Crosse WI — 621 4,056 1,126 621 5,182 5,803 2,317 3,486 2004 2005 35 years Brookdale LaCrosse AL La Crosse WI — 644 5,831 2,637 644 8,468 9,112 3,662 5,450 1998 2005 35 years Brookdale Middleton Century Ave Middleton WI — 360 5,041 — 360 5,041 5,401 1,313 4,088 1997 2011 35 years Brookdale Onalaska Onalaska WI — 250 4,949 — 250 4,949 5,199 1,282 3,917 1995 2011 35 years Brookdale Sun Prairie Sun Prairie WI — 350 1,131 — 350 1,131 1,481 355 1,126 1994 2011 35 years TOTAL FOR BROOKDALE SENIORS HOUSING COMMUNITIES 48,497 181,975 1,735,803 113,805 180,918 1,850,665 2,031,583 743,816 1,287,767 SUNRISE SENIORS HOUSING COMMUNITIES Sunrise of Chandler Chandler AZ — 4,344 14,455 1,293 4,459 15,633 20,092 4,200 15,892 2007 2012 35 years Sunrise of Scottsdale Scottsdale AZ — 2,229 27,575 1,046 2,255 28,595 30,850 10,733 20,117 2007 2007 35 years Sunrise at River Road Tucson AZ — 2,971 12,399 806 3,000 13,176 16,176 3,327 12,849 2008 2012 35 years Sunrise at La Costa Carlsbad CA — 4,890 20,590 1,970 5,030 22,420 27,450 8,896 18,554 1999 2007 35 years Sunrise of Carmichael Carmichael CA — 1,269 14,598 1,065 1,291 15,641 16,932 3,971 12,961 2009 2012 35 years Sunrise of Fair Oaks Fair Oaks CA — 1,456 23,679 2,730 2,515 25,350 27,865 9,708 18,157 2001 2007 35 years Sunrise of Mission Viejo Mission Viejo CA — 3,802 24,560 2,158 3,889 26,631 30,520 10,243 20,277 1998 2007 35 years Sunrise at Canyon Crest Riverside CA — 5,486 19,658 2,479 5,745 21,878 27,623 8,608 19,015 2006 2007 35 years Sunrise of Rocklin Rocklin CA — 1,378 23,565 1,817 1,525 25,235 26,760 9,543 17,217 2007 2007 35 years Sunrise of San Mateo San Mateo CA — 2,682 35,335 3,325 2,742 38,600 41,342 14,225 27,117 1999 2007 35 years Sunrise of Sunnyvale Sunnyvale CA — 2,933 34,361 2,224 2,969 36,549 39,518 13,567 25,951 2000 2007 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 1 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 at Sterling Canyon Valencia CA — 3,868 29,293 5,046 4,084 34,123 38,207 14,006 24,201 1998 2007 35 years Sunrise of Westlake Village Westlake Village CA — 4,935 30,722 2,142 5,031 32,768 37,799 12,266 25,533 2004 2007 35 years Sunrise at Yorba Linda Yorba Linda CA — 1,689 25,240 2,591 1,780 27,740 29,520 10,522 18,998 2002 2007 35 years Sunrise at Cherry Creek Denver CO — 1,621 28,370 3,585 1,721 31,855 33,576 11,626 21,950 2000 2007 35 years Sunrise at Pinehurst Denver CO — 1,417 30,885 2,123 1,653 32,772 34,425 12,833 21,592 1998 2007 35 years Sunrise at Orchard Littleton CO — 1,813 22,183 3,296 1,853 25,439 27,292 9,441 17,851 1997 2007 35 years Sunrise of Westminster Westminster CO — 2,649 16,243 2,280 2,847 18,325 21,172 7,266 13,906 2000 2007 35 years Sunrise of Stamford Stamford CT — 4,612 28,533 3,330 5,029 31,446 36,475 12,098 24,377 1999 2007 35 years Sunrise of Jacksonville Jacksonville FL — 2,390 17,671 1,306 2,420 18,947 21,367 4,630 16,737 2009 2012 35 years Sunrise at Ivey Ridge Alpharetta GA — 1,507 18,516 1,498 1,517 20,004 21,521 7,873 13,648 1998 2007 35 years Sunrise of Huntcliff Summit I Atlanta GA — 4,232 66,161 19,554 4,201 85,746 89,947 36,411 53,536 1987 2007 35 years Sunrise at Huntcliff Summit II Atlanta GA — 2,154 17,137 3,279 2,160 20,410 22,570 7,772 14,798 1998 2007 35 years Sunrise at East Cobb Marietta GA — 1,797 23,420 1,441 1,806 24,852 26,658 9,729 16,929 1997 2007 35 years Sunrise of Barrington Barrington IL — 859 15,085 846 892 15,898 16,790 4,117 12,673 2007 2012 35 years Sunrise of Bloomingdale Bloomingdale IL — 1,287 38,625 2,261 1,382 40,791 42,173 15,561 26,612 2000 2007 35 years Sunrise of Buffalo Grove Buffalo Grove IL — 2,154 28,021 1,760 2,339 29,596 31,935 11,418 20,517 1999 2007 35 years Sunrise of Lincoln Park Chicago IL — 3,485 26,687 4,312 3,504 30,980 34,484 10,887 23,597 2003 2007 35 years Sunrise of Naperville Naperville IL — 1,946 28,538 2,605 2,624 30,465 33,089 12,100 20,989 1999 2007 35 years Sunrise of Palos Park Palos Park IL — 2,363 42,205 1,357 2,416 43,509 45,925 16,551 29,374 2001 2007 35 years Sunrise of Park Ridge Park Ridge IL — 5,533 39,557 3,176 5,707 42,559 48,266 16,285 31,981 1998 2007 35 years Sunrise of Willowbrook Willowbrook IL — 1,454 60,738 3,781 2,080 63,893 65,973 22,545 43,428 2000 2007 35 years Sunrise on Old Meridian Carmel IN — 8,550 31,746 1,391 8,581 33,106 41,687 8,389 33,298 2009 2012 35 years Sunrise of Leawood Leawood KS — 651 16,401 1,340 878 17,514 18,392 4,365 14,027 2006 2012 35 years Sunrise of Overland Park Overland Park KS — 650 11,015 848 807 11,706 12,513 3,187 9,326 2007 2012 35 years Sunrise of Baton Rouge Baton Rouge LA — 1,212 23,547 2,045 1,382 25,422 26,804 9,698 17,106 2000 2007 35 years Sunrise of Columbia Columbia MD — 1,780 23,083 3,863 1,918 26,808 28,726 10,393 18,333 1996 2007 35 years Sunrise of Rockville Rockville MD — 1,039 39,216 2,917 1,075 42,097 43,172 15,758 27,414 1997 2007 35 years Sunrise of Arlington Arlington MA — 86 34,393 1,553 107 35,925 36,032 13,668 22,364 2001 2007 35 years Sunrise of Norwood Norwood MA — 2,230 30,968 2,326 2,356 33,168 35,524 12,608 22,916 1997 2007 35 years Sunrise of Bloomfield Bloomfield Hills MI — 3,736 27,657 2,370 3,929 29,834 33,763 11,247 22,516 2006 2007 35 years Sunrise of Cascade Grand Rapids MI — 1,273 21,782 873 1,370 22,558 23,928 5,657 18,271 2007 2012 35 years Sunrise of Northville Plymouth MI — 1,445 26,090 1,903 1,525 27,913 29,438 10,680 18,758 1999 2007 35 years Sunrise of Rochester Rochester MI — 2,774 38,666 1,898 2,854 40,484 43,338 15,372 27,966 1998 2007 35 years Sunrise of Troy Troy MI — 1,758 23,727 2,325 1,860 25,950 27,810 9,504 18,306 2001 2007 35 years Sunrise of Edina Edina MN — 3,181 24,224 3,752 3,305 27,852 31,157 10,600 20,557 1999 2007 35 years Sunrise of East Brunswick East Brunswick NJ — 2,784 26,173 2,513 3,030 28,440 31,470 11,253 20,217 1999 2007 35 years Sunrise of Jackson Jackson NJ — 4,009 15,029 965 4,013 15,990 20,003 4,242 15,761 2008 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 1 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 Morris Plains Morris Plains NJ — 1,492 32,052 2,852 1,601 34,795 36,396 13,226 23,170 1997 2007 35 years Sunrise of Old Tappan Old Tappan NJ — 2,985 36,795 3,284 3,177 39,887 43,064 14,833 28,231 1997 2007 35 years Sunrise of Wall Wall Township NJ — 1,053 19,101 2,232 1,088 21,298 22,386 8,195 14,191 1999 2007 35 years Sunrise of Wayne Wayne NJ — 1,288 24,990 3,399 1,373 28,304 29,677 10,783 18,894 1996 2007 35 years Sunrise of Westfield Westfield NJ — 5,057 23,803 3,108 5,185 26,783 31,968 10,205 21,763 1996 2007 35 years Sunrise of Woodcliff Lake Woodcliff Lake NJ — 3,493 30,801 2,738 3,692 33,340 37,032 12,633 24,399 2000 2007 35 years Sunrise of North Lynbrook Lynbrook NY — 4,622 38,087 2,945 4,700 40,954 45,654 15,709 29,945 1999 2007 35 years Sunrise at Fleetwood Mount Vernon NY — 4,381 28,434 2,802 4,646 30,971 35,617 12,297 23,320 1999 2007 35 years Sunrise of New City New City NY — 1,906 27,323 2,623 1,995 29,857 31,852 11,316 20,536 1999 2007 35 years Sunrise of Smithtown Smithtown NY — 2,853 25,621 3,346 3,040 28,780 31,820 11,551 20,269 1999 2007 35 years Sunrise of Staten Island Staten Island NY — 7,237 23,910 1,628 7,292 25,483 32,775 12,542 20,233 2006 2007 35 years Sunrise on Providence Charlotte NC — 1,976 19,472 2,856 1,988 22,316 24,304 8,726 15,578 1999 2007 35 years Sunrise at North Hills Raleigh NC — 749 37,091 5,448 849 42,439 43,288 16,851 26,437 2000 2007 35 years Sunrise at Parma Cleveland OH — 695 16,641 1,426 908 17,854 18,762 7,064 11,698 2000 2007 35 years Sunrise of Cuyahoga Falls Cuyahoga Falls OH — 626 10,239 2,061 862 12,064 12,926 4,852 8,074 2000 2007 35 years Sunrise of Abington Abington PA — 1,838 53,660 6,417 2,070 59,845 61,915 22,689 39,226 1997 2007 35 years Sunrise of Blue Bell Blue Bell PA — 1,765 23,920 3,658 1,928 27,415 29,343 10,759 18,584 2006 2007 35 years Sunrise of Exton Exton PA — 1,123 17,765 2,304 1,209 19,983 21,192 7,821 13,371 2000 2007 35 years Sunrise of Haverford Haverford PA — 941 25,872 2,510 990 28,333 29,323 11,004 18,319 1997 2007 35 years Sunrise of Granite Run Media PA — 1,272 31,781 2,576 1,428 34,201 35,629 13,112 22,517 1997 2007 35 years Sunrise of Lower Makefield Morrisville PA — 3,165 21,337 890 3,174 22,218 25,392 5,775 19,617 2008 2012 35 years Sunrise of Westtown West Chester PA — 1,547 22,996 2,041 1,576 25,008 26,584 10,038 16,546 1999 2007 35 years Sunrise of Hillcrest Dallas TX — 2,616 27,680 1,373 2,626 29,043 31,669 11,003 20,666 2006 2007 35 years Sunrise of Fort Worth Fort Worth TX — 2,024 18,587 1,067 2,178 19,500 21,678 5,146 16,532 2007 2012 35 years Sunrise of Frisco Frisco TX — 2,523 14,547 783 2,561 15,292 17,85

Schedule IV - Real Estate Mortg

Schedule IV - Real Estate Mortgage Loans	12 Months Ended
Schedule IV - Real Estate Mortgage Loans	Dec. 31, 2019
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Schedule IV - Real Estate Mortgage Loans	SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE December 31, 2019 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 Ohio 1 8.88% V 10/1/2021 568 78,448 78,448 — Texas 1 7.21% V 1/31/2029 12 1,900 1,900 — Mezzanine Loans Multiple 156 8.16% V 6/9/2021 2,005 489,752 487,246 1,024,482 California 1 7.76% V 8/29/2024 14 6,428 6,428 34,252 California 1 7.76% V 8/29/2024 20 9,336 9,336 11,181 Construction Loans Colorado 1 8.75% F 11/1/2021 437 59,043 58,860 — Total $ 3,056 $ 644,907 $ 642,218 $ 1,069,915 Mortgage Loan Reconciliation 2019 2018 2017 (In thousands) Beginning Balance $ 427,117 $ 565,875 $ 634,201 Additions: New loans 1,234,244 9,900 — Construction draws — — — Total additions 1,234,244 9,900 — Deductions: Principal repayments (1,011,353 ) (148,658 ) (68,326 ) Total deductions (1,011,353 ) (148,658 ) (68,326 ) Effect of foreign currency translation (7,790 ) — — Ending Balance $ 642,218 $ 427,117 $ 565,875

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
Accounting Policies (Policies)	Dec. 31, 2019
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	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 or partners. 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 (“LP”) interests or there is an increase or decrease in the number of outstanding LP interests. We also apply this guidance to managing member interests in limited liability companies (“LLCs”). 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 research and innovation projects by tax credit investors (“TCIs”). We have determined that these special purpose entities are VIEs, we are a holder of variable interests 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, 2019 December 31, 2018 Total Assets Total Liabilities Total Assets Total Liabilities (In thousands) NHP/PMB L.P. $ 666,404 $ 244,934 $ 673,467 $ 238,147 Other identified VIEs 4,075,821 1,459,830 2,076,715 405,350 Tax credit VIEs 845,229 333,809 797,077 297,004
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 the HLBV method, in any given period, we could record more or less income than the joint venture has generated, than actual cash distributions we receive 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 (“PMB”). Given our wholly owned subsidiary is the general partner and the primary beneficiary of NHP/PMB, we consolidate it as a VIE. As of December 31, 2019 , third party investors owned 3.3 million Class A limited partnership units in NHP/PMB (“OP Units”), which represented 31% of the total units then outstanding, and we owned 7.3 million Class B limited partnership units in NHP/PMB, representing the remaining 69% . 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 because 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 limited partnership units (“Class C Units”) outstanding. 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 are classified outside of permanent equity on our Consolidated Balance Sheets. We reflect the redeemable OP Units at the greater of cost or redemption value. As of December 31, 2019 and 2018 , the fair value of the redeemable OP Units was $171.2 million and $174.6 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 Units. Our diluted earnings per share includes the effect of any potential shares outstanding from redemption of the OP Units. Certain noncontrolling interests of other consolidated joint ventures were also classified as redeemable at December 31, 2019 and 2018 . 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, and comprehensive income, 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. We include net income attributable to the noncontrolling interests in net income in our Consolidated Statements of Income and we include the noncontrolling interests share of comprehensive income in our Consolidated Statements of Comprehensive Income.
Accounting for Historic and New Market Tax Credits	Accounting for Historic and New Markets Tax Credits For certain of our research 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 markets tax credits (“NMTCs”). As of December 31, 2019 , we owned ten properties, including one property in development, that had syndicated HTCs or NMTCs, or both, to TCIs. In general, TCIs invest cash 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 nominal 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 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 investment 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 investment 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 When we acquire real estate, we first make reasonable judgments about whether the transaction involves an asset or a business. Our real estate acquisitions are generally accounted for as asset acquisitions as substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. 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. 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. Intangibles primarily include the value of in-place leases and acquired lease contracts. 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. 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. 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. Where we are the lessee, we record the acquisition date values of leases, including any above or below market value, within operating lease assets and operating lease liabilities on our Consolidated Balance Sheets. 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 real estate 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, have 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. If at any time we determine that the criteria for classifying assets as held for sale are no longer met, we reclassify assets within net real estate investments on our Consolidated Balance Sheets for all periods presented. The carrying amount of these assets is adjusted (in the period in which a change in classification is determined) to reflect any depreciation expense that would have been recognized had the asset been continuously classified as net real estate investments. 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 is classified as held for sale on the acquisition date. 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 collectability 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 $20.2 million , $18.1 million and $18.9 million were included in interest expense for the years ended December 31, 2019 , 2018 and 2017 , respectively.
Available for Sale Securities	Available for Sale Securities We classify available for sale securities 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 available for sale 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 consolidated and 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 any noncontrolling interests’ proportionate share of the changes in fair value of swap contracts of our consolidated joint ventures in noncontrolling interests 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. • Available for sale securities - We estimate the fair value of marketable debt securities 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. ◦ 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 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 research 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 of substantially all rents is probable. 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, 2019 and 2018 , this cumulative excess totaled $278.8 million and $250.0 million (net of allowances of $44.6 million , recorded under prior accounting guidance), 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. We assess the probability of collecting substantially all rents under our leases based on several factors, including, among other things, payment history, 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, the type of property, the value of the underlying collateral, if any, expected future performance of the property and current economic conditions. If our evaluation of these factors indicates it is not probable that we will be able to collect substantially all rents, we recognize a charge to rental income. If we change our conclusions regarding the probability of collecting rent payments required by a lease, we may recognize adjustments to rental income in the period we make such change in our conclusions. Senior Living Operations Our resident agreements are accounted for as leases and 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. Other We recognize interest income from loans and investments, including discounts and premiums, using the effective interest method when collectability 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.
Stock-Based Compensation	Stock-Based Compensation We recognize share-based payments to employees and directors, including grants of stock options and restricted stock, 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 On January 1, 2018, we adopted the provisions of Accounting Standards Codification (“ASC”) 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets (“ASC 610-20”). In accordance with ASC 610-20, we 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 adopted ASC 610-20 using the modified retrospective method and recognized a cumulative effect adjustment to retained earnings of $31.2 million relating to deferred gains on sales of real estate assets in 2015.
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.
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. We recognize any noncontrolling interests’ proportionate share of currency translation adjustments of our foreign consolidated joint ventures in noncontrolling interests on our Consolidated Balance Sheets.
Segment Reporting	Segment Reporting As of December 31, 2019 , 2018 and 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 research and innovation centers throughout the United States. See “ NOTE 19—SEGMENT INFORMATION .”
Recently Issued or Adopted Accounting Standards	Recently Issued or Adopted Accounting Standards We adopted ASC Topic 842, Leases (“ASC 842”) on January 1, 2019, which introduced 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. ASC 842 allows for several practical expedients which permit the following: no reassessment of lease classification or initial direct costs; use of the standard’s effective date as the date of initial application; and no separation of 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. We elected these practical expedients using the effective date as our date of initial application. Therefore, financial information and disclosures under ASC 842 are not provided for periods prior to January 1, 2019. Upon adoption, we recognized both right of use assets and lease liabilities for leases in which we lease land, real property or other equipment. We now also report revenues and expenses within our triple-net leased properties reportable business segment for real estate taxes and insurance that are escrowed and obligations of the tenants in accordance with their respective leases with us. This reporting had no impact on our net income. Resident leases within our senior living operations reportable business segment and office leases also contain service elements. We elected the practical expedient to account for our resident and office leases as a single lease component. Also, we now expense certain leasing costs, other than leasing commissions, as they are incurred. Prior to the adoption of ASC 842, GAAP provided for the deferral and amortization of such costs over the applicable lease term. We are continuing to amortize any unamortized deferred lease costs as of December 31, 2018 over their respective lease terms. As of January 1, 2019 we recognized operating lease assets of $361.7 million on our Consolidated Balance Sheets which includes the present value of minimum lease payments as well as certain existing above and/or below market lease intangible values associated with such leases. Also upon adoption, we recognized operating lease liabilities of $216.9 million on our Consolidated Balance Sheets. The present value of minimum lease payments was calculated on each lease using a discount rate that approximates our incremental borrowing rate primarily adjusted for the length of the individual lease terms. As of the January 1, 2019 adoption date, we utilized discount rates ranging from 6.15% to 7.60% for our ground leases. Upon adoption, we recognized a cumulative effect adjustment to retained earnings of $0.6 million primarily relating to certain costs associated with unexecuted leases that were deferred as of December 31, 2018. In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). The amendments in ASU 2016-13 require an entity to evaluate a current estimate of all expected credit losses over the life of a financial instrument, which may result in earlier recognition of credit losses on loans and other financial instruments. Under existing guidance, an entity generally only considered past events and current conditions in measuring an incurred loss. ASU 2016-13 is effective for us beginning January 1, 2020 and we are still evaluating the impact of adoption. 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
Accounting Policies (Tables)	Dec. 31, 2019
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, 2019 December 31, 2018 Total Assets Total Liabilities Total Assets Total Liabilities (In thousands) NHP/PMB L.P. $ 666,404 $ 244,934 $ 673,467 $ 238,147 Other identified VIEs 4,075,821 1,459,830 2,076,715 405,350 Tax credit VIEs 845,229 333,809 797,077 297,004

Concentration of Credit Risk (T

Concentration of Credit Risk (Tables)	12 Months Ended
Concentration of Credit Risk (Tables)	Dec. 31, 2019
Risks and Uncertainties [Abstract]
Concentration risk for triple-net leased properties	The following table reflects the concentration risk related to our triple-net leased properties for the periods presented: For the Years Ended December 31, 2019 2018 2017 Revenues (1) : Brookdale Senior Living (2) 4.7 % 4.3 % 4.7 % Ardent 3.1 3.1 3.1 Kindred (3) 3.3 3.5 4.6 NOI: Brookdale Senior Living (2) 8.7 % 7.6 % 8.0 % Ardent 5.8 5.7 5.3 Kindred (3) 6.3 6.4 7.9
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, 2019 (excluding properties classified as held for sale as of December 31, 2019 ): Brookdale Senior Living Ardent Kindred Other Total (In thousands) 2020 $ 184,141 $ 122,348 $ 130,790 $ 891,141 $ 1,328,420 2021 183,774 122,348 130,786 829,610 1,266,518 2022 183,398 122,348 130,790 743,575 1,180,111 2023 183,000 122,348 110,365 680,422 1,096,135 2024 182,600 122,348 100,153 627,798 1,032,899 Thereafter 182,189 1,292,096 40,358 2,633,754 4,148,397 Total $ 1,099,102 $ 1,903,836 $ 643,242 $ 6,406,300 $ 10,052,480

Dispositions (Tables)

Dispositions (Tables)	12 Months Ended
Dispositions (Tables)	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Assets Held-for-sale	The table below summarizes our real estate assets classified as held for sale as of December 31, 2019 and 2018 , including the amounts reported within other assets and accounts payable and other liabilities on our Consolidated Balance Sheets: December 31, 2019 December 31, 2018 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 8 $ 62,098 $ 1,623 1 $ 5,482 $ 40 Office operations (1) 1 5,177 499 — 160 152 Senior living operations (1) 6 24,158 3,341 — (188 ) 13 Total 15 $ 91,433 $ 5,463 1 $ 5,454 $ 205 (1) Balances relate to anticipated post-closing settlements of working capital.

Loans Receivable and Investme_2

Loans Receivable and Investments Loans Receivable and Investments (Tables)	12 Months Ended
	Dec. 31, 2019
Loans Receivable And Investments [Abstract]
Loans Receivable And Investments	The following is a summary of our loans receivable and investments, net, 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, 2019: Secured/mortgage loans and other, net $ 645,546 $ 645,546 $ 646,925 $ — Government-sponsored pooled loan investments, net (1) 59,066 52,178 59,066 6,888 Total investments reported as secured loans receivable and investments, net 704,612 697,724 705,991 6,888 Non-mortgage loans receivable, net 63,724 63,724 63,538 — Marketable debt securities (2) 237,360 213,062 237,360 24,298 Total loans receivable and investments, net $ 1,005,696 $ 974,510 $ 1,006,889 $ 31,186 As of December 31, 2018: Secured/mortgage loans and other, net $ 439,491 $ 439,491 $ 425,290 $ — Government-sponsored pooled loan investments, net (3) 56,378 49,601 56,378 6,777 Total investments reported as secured loans receivable and investments, net 495,869 489,092 481,668 6,777 Non-mortgage loans receivable, net 54,164 54,164 54,081 — Marketable debt securities (4) 206,442 197,473 206,442 8,969 Total loans receivable and investments, net $ 756,475 $ 740,729 $ 742,191 $ 15,746 (1) As of December 31, 2019 , investments in government-sponsored pool loans have contractual maturity dates in 2021 and 2023. (2) As of December 31, 2019 , investments in marketable debt securities have contractual maturity dates in 2024 and 2026. (3) As of December 31, 2018 , investments in government-sponsored pooled loans have contractual maturity dates in 2023. (4) As of December 31, 2018 , investments in marketable debt securities have contractual maturity dates in 2026.

Intangibles (Tables)

Intangibles (Tables)	12 Months Ended
Intangibles (Tables)	Dec. 31, 2019
Intangible Assets, Intangible Liabilities, And Goodwill Disclosure [Abstract]
Schedule of Intangibles	The following is a summary of our intangibles: As of December 31, 2019 As of December 31, 2018 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 $ 145,891 6.9 $ 181,393 6.7 In-place and other lease intangibles 1,160,261 10.6 1,321,562 24.7 Goodwill 1,051,161 N/A 1,050,548 N/A Other intangibles 35,837 10.9 35,759 11.8 Accumulated amortization (920,742 ) N/A (921,107 ) N/A Net intangible assets $ 1,472,408 10.2 $ 1,668,155 22.9 Intangible liabilities: Below market lease intangibles $ 349,357 14.5 $ 356,771 14.4 Other lease intangibles 13,498 N/A 31,418 46.5 Accumulated amortization (203,834 ) N/A (191,909 ) N/A Purchase option intangibles 3,568 N/A 3,568 N/A Net intangible liabilities $ 162,589 14.5 $ 199,848 17.2
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following is a summary of the estimated net amortization related to these intangibles for each of the next five years: Estimated Net Amortization (In thousands) 2020 $ 53,988 2021 46,651 2022 39,315 2023 36,107 2024 28,622
Schedule of Goodwill	The table below reflects the carrying amount of goodwill, by segment, as of December 31, 2019 : Goodwill (In thousands) Triple-net leased properties $ 321,781 Senior living operations 259,482 Office operations 469,898 Total goodwill $ 1,051,161

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
Other Assets (Tables)	Dec. 31, 2019
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, 2019 2018 (In thousands) Straight-line rent receivables $ 278,833 $ 250,023 Non-mortgage loans receivable, net 63,724 54,164 Marketable debt securities 237,360 206,442 Other intangibles, net 5,149 5,623 Investment in unconsolidated operating entities 59,301 56,820 Other 232,929 186,113 Total other assets $ 877,296 $ 759,185

Senior Notes and Other Debt (Ta

Senior Notes and Other Debt (Tables)	12 Months Ended
Senior Notes and Other Debt (Tables)	Dec. 31, 2019
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, 2019 2018 (In thousands) Unsecured revolving credit facility (1) $ 120,787 $ 765,919 Commercial paper notes 567,450 — Secured revolving construction credit facility due 2022 160,492 90,488 3.00% Senior Notes, Series A due 2019 (2) — 293,319 2.70% Senior Notes due 2020 — 500,000 Floating Rate Senior Notes, Series F due 2021 (2) 231,018 — 4.25% Senior Notes due 2022 — 600,000 3.25% Senior Notes due 2022 500,000 500,000 3.30% Senior Notes, Series C due 2022 (2) 192,515 183,325 Unsecured term loan due 2023 200,000 300,000 3.125% Senior Notes due 2023 400,000 400,000 3.10% Senior Notes due 2023 400,000 400,000 2.55% Senior Notes, Series D due 2023 (2) 211,767 201,657 Unsecured term loan due 2024 — 600,000 3.50% Senior Notes due 2024 400,000 — 3.75% Senior Notes due 2024 400,000 400,000 4.125% Senior Notes, Series B due 2024 (2) 192,515 183,324 2.80% Senior Notes, Series E due 2024 (2) 462,036 — Unsecured term loan due 2025 (2) 385,030 — 3.50% Senior Notes due 2025 600,000 600,000 2.65% Senior Notes due 2025 450,000 — 4.125% Senior Notes due 2026 500,000 500,000 3.25% Senior Notes due 2026 450,000 450,000 3.85% Senior Notes due 2027 400,000 400,000 4.00% Senior Notes due 2028 650,000 650,000 4.40% Senior Notes due 2029 750,000 750,000 3.00% Senior Notes due 2030 650,000 — 6.90% Senior Notes due 2037 52,400 52,400 6.59% Senior Notes due 2038 22,823 22,823 5.45% Senior Notes due 2043 — 258,750 5.70% Senior Notes due 2043 300,000 300,000 4.375% Senior Notes due 2045 300,000 300,000 4.875% Senior Notes due 2049 300,000 — Mortgage loans and other 1,996,969 1,127,697 Total 12,245,802 10,829,702 Deferred financing costs, net (79,939 ) (69,615 ) Unamortized fair value adjustment 20,056 (1,163 ) Unamortized discounts (27,146 ) (25,225 ) Senior notes payable and other debt $ 12,158,773 $ 10,733,699 (1) As of December 31, 2019 and 2018 , respectively, $26.2 million and $23.1 million of aggregate borrowings were denominated in Canadian dollars. Aggregate borrowings of $27.6 million and $27.8 million were denominated in British pounds as of December 31, 2019 and 2018 , respectively. (2) Canadian Dollar debt obligations shown in US Dollars.
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations	The following summarizes the maturities of our senior notes payable and other debt as of December 31, 2019 : Principal Amount Due at Maturity Unsecured Revolving Credit Facility and Commercial Paper Notes (1) Scheduled Periodic Amortization Total Maturities (In thousands) 2020 $ 276,653 $ 567,450 $ 40,291 $ 884,394 2021 361,046 120,787 38,954 520,787 2022 1,269,661 — 33,163 1,302,824 2023 1,602,104 — 19,409 1,621,513 2024 1,571,967 — 13,058 1,585,025 Thereafter 6,243,430 — 87,829 6,331,259 Total maturities $ 11,324,861 $ 688,237 $ 232,704 $ 12,245,802 (1) As of December 31, 2019 , we had $581.9 million of borrowings outstanding under our unsecured revolving credit facility and commercial paper program, net of $106.4 million of unrestricted cash and cash equivalents.

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	12 Months Ended
Fair Values of Financial Instruments (Tables)	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Carrying amounts and fair values of financial instruments	he carrying amounts and fair values of our financial instruments were as follows: As of December 31, 2019 As of December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value (In thousands) Assets: Cash and cash equivalents $ 106,363 $ 106,363 $ 72,277 $ 72,277 Escrow deposits and restricted cash 39,739 39,739 59,187 59,187 Secured mortgage loans and other, net 645,546 646,925 439,491 425,290 Non-mortgage loans receivable, net 63,724 63,538 54,164 54,081 Marketable debt securities 237,360 237,360 206,442 206,442 Government-sponsored pooled loan investments, net 59,066 59,066 56,378 56,378 Derivative instruments 738 738 6,012 6,012 Liabilities: Senior notes payable and other debt, gross 12,245,802 12,778,758 10,829,702 10,617,074 Derivative instruments 12,987 12,987 4,561 4,561 Redeemable OP Units 171,178 171,178 174,552 174,552

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Summary of stock option activity	The following is a summary of stock option activity in 2019 : Shares (000’s) Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Intrinsic Value ($000’s) Outstanding as of December 31, 2018 4,783 $ 59.20 Options granted — — Options exercised (700 ) 51.68 Options forfeited (6 ) 60.50 Options expired — — Outstanding as of December 31, 2019 4,077 60.49 5.7 $ 7,379 Exercisable as of December 31, 2019 4,014 60.49 5.7 $ 7,415
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, including performance-based awards, as of December 31, 2019 , and changes during the year ended December 31, 2019 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, 2018 276 $ 53.64 628 $ 57.70 Granted 143 62.69 304 59.85 Vested (149 ) 54.20 (371 ) 60.73 Forfeited (22 ) 57.24 (22 ) 53.69 Nonvested at December 31, 2019 248 58.21 539 56.99

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of tax treatment of distributions per common share	Our tax treatment of distributions per common share was as follows: For the Years Ended December 31, 2019 2018 2017 Tax treatment of distributions: Ordinary income $ — $ — $ 1.02814 Qualified ordinary income 0.12230 0.00375 0.00337 199A qualified business income 2.22898 2.97465 — Long-term capital gain — 0.05916 1.07836 Unrecaptured Section 1250 gain 0.03434 0.12244 0.21513 Non-dividend distribution 0.78438 — — Distribution reported for 1099-DIV purposes 3.17000 3.16000 2.32500 Add: Dividend declared in current year and taxable in following year 0.79250 0.79250 0.79000 Less: Dividend declared in prior year and taxable in current year (0.79250 ) (0.79000 ) — Distribution declared per common share outstanding $ 3.17000 $ 3.16250 $ 3.11500
Schedule of provision (benefit) for income taxes	Our consolidated benefit for income taxes was as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Current - Federal $ (1,840 ) $ (2,953 ) $ (5,672 ) Current - State 2,118 1,332 1,119 Deferred - Federal (49,532 ) (32,492 ) (54,396 ) Deferred - State (3,353 ) (825 ) 3,237 Current - Foreign 2,335 1,892 2,307 Deferred - Foreign (6,038 ) (6,907 ) (6,394 ) Total $ (56,310 ) $ (39,953 ) $ (59,799 )
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, 2019 , 2018 and 2017 , to the income tax benefit is as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Tax at statutory rate on earnings from continuing operations before unconsolidated entities, noncontrolling interest and income taxes $ 77,803 $ 80,811 $ 204,742 State income taxes, net of federal benefit 2,341 (253 ) (1,115 ) Change in valuation allowance from ordinary operations (47,227 ) (5,451 ) 8,237 Decrease in ASC 740 income tax liability — (4,347 ) (4,750 ) Tax at statutory rate on earnings not subject to federal income taxes (90,862 ) (89,947 ) (231,379 ) Foreign rate differential and foreign taxes 1,407 1,924 6,407 Change in tax status of TRS (52 ) 359 (690 ) Effect of the 2017 Tax Act — (23,160 ) (41,212 ) Other differences 280 111 (39 ) Income tax benefit $ (56,310 ) $ (39,953 ) $ (59,799 )
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 are summarized as follows: As of December 31, 2019 2018 2017 (In thousands) Property, primarily differences in depreciation and amortization, the tax basis of land assets and the treatment of interests and certain costs $ (257,373 ) $ (269,758 ) $ (300,395 ) Operating loss and interest deduction carryforwards 136,771 133,243 146,732 Expense accruals and other 7,380 11,910 12,890 Valuation allowance (40,114 ) (80,614 ) (109,319 ) Net deferred tax liabilities $ (153,336 ) $ (205,219 ) $ (250,092 ) 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) in connection with the following acquisitions: For the Years Ended December 31, 2019 2018 2017 (In thousands) Research and innovation acquisition $ — $ — $ 19,262 Miscellaneous acquisitions — (922 ) (4,510 ) Established beginning deferred tax assets or liabilities $ — $ (922 ) $ 14,752
Summary of activity related to unrecognized tax benefits	The following table summarizes the activity related to our unrecognized tax benefits: 2019 2018 (In thousands) Balance as of January 1 $ 12,344 $ 16,765 Additions to tax positions related to prior years 178 207 Subtractions to tax positions related to prior years (395 ) (1,720 ) Subtractions to tax positions as a result of the lapse of the statute of limitations — (2,908 ) Balance as of December 31 $ 12,127 $ 12,344

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The following table summarizes future minimum lease obligations under non-cancelable ground and other operating leases as of December 31, 2019 (in thousands): 2020 $ 24,395 2021 (1) 56,948 2022 (1) 28,023 2023 19,322 2024 18,398 Thereafter 644,996 Total undiscounted minimum lease payments 792,082 Less: imputed interest (540,886 ) Operating lease liabilities $ 251,196 (1) Obligations include payment of ground rent upon substantial completion of in progress research and innovation developments.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Dec. 31, 2019
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 Years Ended December 31, 2019 2018 2017 (In thousands, except per share amounts) Numerator for basic and diluted earnings per share: Income from continuing operations $ 439,297 $ 415,991 $ 1,361,222 Discontinued operations — (10 ) (110 ) Net income 439,297 415,981 1,361,112 Net income attributable to noncontrolling interests 6,281 6,514 4,642 Net income attributable to common stockholders $ 433,016 $ 409,467 $ 1,356,470 Denominator: Denominator for basic earnings per share—weighted average shares 365,977 356,265 355,326 Effect of dilutive securities: Stock options 391 174 494 Restricted stock awards 527 331 265 OP unitholder interests 2,991 2,531 2,481 Denominator for diluted earnings per share—adjusted weighted average shares 369,886 359,301 358,566 Basic earnings per share: Income from continuing operations $ 1.20 $ 1.17 $ 3.83 Net income attributable to common stockholders 1.18 1.15 3.82 Diluted earnings per share: Income from continuing operations $ 1.19 $ 1.16 $ 3.80 Net income attributable to common stockholders 1.17 1.14 3.78

Permanent and Temporary Equity

Permanent and Temporary Equity (Tables)	12 Months Ended
Permanent and Temporary Equity (Tables)	Dec. 31, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income	The following is a summary of our accumulated other comprehensive loss: As of December 31, 2019 2018 (In thousands) Foreign currency translation $ (51,743 ) $ (55,016 ) Available for sale securities 27,380 15,746 Derivative instruments (10,201 ) 19,688 Total accumulated other comprehensive loss $ (34,564 ) $ (19,582 )
Redeemable OP Unitholder and Noncontrolling Interest	The following is a rollforward of our redeemable OP unitholder and noncontrolling interests for 2019 : Redeemable OP Unitholder Interests Redeemable Noncontrolling Interests Total Redeemable OP Unitholder and Noncontrolling Interests (In thousands) Balance as of December 31, 2018 $ 174,552 $ 13,589 $ 188,141 New issuances (1) — 81,181 81,181 Change in valuation 7,389 7,730 15,119 Distributions and other (9,298 ) — (9,298 ) Redemptions (1,465 ) — (1,465 ) Balance as of December 31, 2019 $ 171,178 $ 102,500 $ 273,678 (1) Includes the redeemable portion of LGM's interest in certain seniors housing communities acquired in September 2019.

Quarterly Financial Informati_2

Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
Quarterly Financial Information (Unaudited) (Tables)	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Summary of unaudited consolidated quarterly information	Summarized unaudited consolidated quarterly information is provided below: For the Year Ended December 31, 2019 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 942,874 $ 950,717 $ 983,155 $ 996,004 Income from continuing operations $ 127,588 $ 211,898 $ 86,918 $ 12,893 Net income 127,588 211,898 86,918 12,893 Net income attributable to noncontrolling interests 1,803 1,369 1,659 1,450 Net income attributable to common stockholders $ 125,785 $ 210,529 $ 85,259 $ 11,443 Basic earnings per share: Income from continuing operations $ 0.36 $ 0.59 $ 0.23 $ 0.03 Net income attributable to common stockholders 0.35 0.58 0.23 0.03 Diluted earnings per share: Income from continuing operations $ 0.35 $ 0.58 $ 0.23 $ 0.03 Net income attributable to common stockholders 0.35 0.58 0.23 0.03 Dividends declared per common share $ 0.7925 $ 0.7925 $ 0.7925 $ 0.7925 For the Year Ended December 31, 2018 First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Revenues $ 943,705 $ 942,304 $ 936,538 $ 923,263 Income from continuing operations $ 80,108 $ 169,300 $ 103,281 $ 63,302 Discontinued operations (10 ) — — — Net income 80,098 169,300 103,281 63,302 Net income attributable to noncontrolling interests 1,395 2,781 1,309 1,029 Net income attributable to common stockholders $ 78,703 $ 166,519 $ 101,972 $ 62,273 Basic earnings per share: Income from continuing operations $ 0.22 $ 0.48 $ 0.29 $ 0.18 Net income attributable to common stockholders 0.22 0.47 0.29 0.17 Diluted earnings per share: Income from continuing operations $ 0.22 $ 0.47 $ 0.29 $ 0.18 Net income attributable to common stockholders 0.22 0.46 0.28 0.17 Dividends declared per common share $ 0.79 $ 0.79 $ 0.79 $ 0.7925

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
Segment Information (Tables)	Dec. 31, 2019
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Summary information by reportable business segment is as follows: For the Year Ended December 31, 2019 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 780,898 $ — $ 828,978 $ — $ 1,609,876 Resident fees and services — 2,151,533 — — 2,151,533 Office building and other services revenue — — 7,747 3,409 11,156 Income from loans and investments — — — 89,201 89,201 Interest and other income — — — 10,984 10,984 Total revenues $ 780,898 $ 2,151,533 $ 836,725 $ 103,594 $ 3,872,750 Total revenues $ 780,898 $ 2,151,533 $ 836,725 $ 103,594 $ 3,872,750 Less: Interest and other income — — — 10,984 10,984 Property-level operating expenses 26,561 1,521,398 260,249 — 1,808,208 Office building services costs — — 2,319 — 2,319 Segment NOI $ 754,337 $ 630,135 $ 574,157 $ 92,610 2,051,239 Interest and other income 10,984 Interest expense (451,662 ) Depreciation and amortization (1,045,620 ) General, administrative and professional fees (165,996 ) Loss on extinguishment of debt, net (41,900 ) Merger-related expenses and deal costs (15,235 ) Other 17,609 Loss from unconsolidated entities (2,454 ) Gain on real estate dispositions 26,022 Income tax benefit 56,310 Income from continuing operations 439,297 Discontinued operations — Net income 439,297 Net income attributable to noncontrolling interests 6,281 Net income attributable to common stockholders $ 433,016 For the Year Ended December 31, 2018 Triple-Net Leased Properties Senior Living Operations Office Operations All Other Total (In thousands) Revenues: Rental income $ 737,796 $ — $ 776,011 $ — $ 1,513,807 Resident fees and services — 2,069,477 — — 2,069,477 Office building and other services revenue 2,522 — 7,592 3,302 13,416 Income from loans and investments — — — 124,218 124,218 Interest and other income — — — 24,892 24,892 Total revenues $ 740,318 $ 2,069,477 $ 783,603 $ 152,412 $ 3,745,810 Total revenues $ 740,318 $ 2,069,477 $ 783,603 $ 152,412 $ 3,745,810 Less: Interest and other income — — — 24,892 24,892 Property-level operating expenses — 1,446,201 243,679 — 1,689,880 Office building services costs — — 1,418 — 1,418 Segment NOI $ 740,318 $ 623,276 $ 538,506 $ 127,520 2,029,620 Interest and other income 24,892 Interest expense (442,497 ) Depreciation and amortization (919,639 ) General, administrative and professional fees (151,982 ) Loss on extinguishment of debt, net (58,254 ) Merger-related expenses and deal costs (30,547 ) Other (66,768 ) Loss from unconsolidated entities (55,034 ) Gain on real estate dispositions 46,247 Income tax benefit 39,953 Income from continuing operations 415,991 Discontinued operations (10 ) Net income 415,981 Net income attributable to noncontrolling interests 6,514 Net income attributable to common stockholders $ 409,467 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 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 ) Loss from unconsolidated entities (561 ) Gain on real estate dispositions 717,273 Income tax benefit 59,799 Income from continuing operations 1,361,222 Discontinued operations (110 ) Net income 1,361,112 Net income attributable to noncontrolling interests 4,642 Net income attributable to common stockholders $ 1,356,470
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets by reportable business segment are as follows: As of December 31, 2019 2018 (Dollars in thousands) Assets: Triple-net leased properties $ 6,381,657 25.8 % $ 6,795,142 30.1 % Senior living operations 10,142,023 41.1 8,156,187 36.1 Office operations 7,173,401 29.1 6,772,957 30.0 All other assets 995,127 4.0 860,269 3.8 Total assets $ 24,692,208 100.0 % $ 22,584,555 100.0 %
Segment Reporting Information Expenditures for Additions to Long-Lived Assets [Table Text Block]	Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Capital expenditures: Triple-net leased properties $ 55,429 $ 58,744 $ 254,542 Senior living operations 944,214 337,750 261,900 Office operations 519,129 332,147 579,885 Total capital expenditures $ 1,518,772 $ 728,641 $ 1,096,327
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Geographic information regarding our operations is as follows: For the Years Ended December 31, 2019 2018 2017 (In thousands) Revenues: United States $ 3,578,341 $ 3,524,875 $ 3,361,682 Canada 266,946 192,350 186,049 United Kingdom 27,463 28,585 26,418 Total revenues $ 3,872,750 $ 3,745,810 $ 3,574,149
Long-lived Assets by Geographic Areas [Table Text Block]	As of December 31, 2019 2018 (In thousands) Net real estate property: United States $ 18,631,352 $ 18,861,163 Canada 2,830,850 963,588 United Kingdom 266,885 268,906 Total net real estate property $ 21,729,087 $ 20,093,657

Condensed Consolidating Infor_2

Condensed Consolidating Information (Tables)	12 Months Ended
Condensed Consolidating Information (Tables)	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONDENSED CONSOLIDATING BALANCE SHEET	CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 14,714 $ 108,533 $ 22,355,474 $ — $ 22,478,721 Cash and cash equivalents 1,904 — 104,459 — 106,363 Escrow deposits and restricted cash 1,205 128 38,406 — 39,739 Investment in and advances to affiliates 15,774,897 2,728,110 — (18,503,007 ) — Goodwill — — 1,051,161 — 1,051,161 Assets held for sale — — 91,433 — 91,433 Deferred income tax assets, net — — 47,495 — 47,495 Other assets 83,190 1,499 792,607 — 877,296 Total assets $ 15,875,910 $ 2,838,270 $ 24,481,035 $ (18,503,007 ) $ 24,692,208 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,352,384 $ 3,806,389 $ — $ 12,158,773 Intercompany loans 8,789,600 (5,105,070 ) (3,684,530 ) — — Accrued interest (14,522 ) 94,874 30,763 — 111,115 Operating lease liabilities 14,498 519 236,179 — 251,196 Accounts payable and other liabilities 342,828 20,360 782,512 — 1,145,700 Liabilities related to assets held for sale — — 5,463 — 5,463 Deferred income tax liabilities 1,329 — 199,502 — 200,831 Total liabilities 9,133,733 3,363,067 1,376,278 — 13,873,078 Redeemable OP unitholder and noncontrolling interests 102,657 — 171,021 — 273,678 Total equity 6,639,520 (524,797 ) 22,933,736 (18,503,007 ) 10,545,452 Total liabilities and equity $ 15,875,910 $ 2,838,270 $ 24,481,035 $ (18,503,007 ) $ 24,692,208 CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Assets Net real estate investments $ 3,598 $ 112,691 $ 20,521,615 $ — $ 20,637,904 Cash and cash equivalents 6,470 — 65,807 — 72,277 Escrow deposits and restricted cash 4,211 128 54,848 — 59,187 Investment in and advances to affiliates 15,656,592 2,726,198 — (18,382,790 ) — Goodwill — — 1,050,548 — 1,050,548 Assets held for sale — — 5,454 — 5,454 Other assets 45,989 4,443 708,753 — 759,185 Total assets $ 15,716,860 $ 2,843,460 $ 22,407,025 $ (18,382,790 ) $ 22,584,555 Liabilities and equity Liabilities: Senior notes payable and other debt $ — $ 8,620,867 $ 2,112,832 $ — $ 10,733,699 Intercompany loans 8,580,896 (5,629,764 ) (2,951,132 ) — — Accrued interest (9,953 ) 85,717 23,903 — 99,667 Accounts payable and other liabilities 319,753 19,178 747,099 — 1,086,030 Liabilities related to assets held for sale — — 205 — 205 Deferred income taxes 608 — 204,611 — 205,219 Total liabilities 8,891,304 3,095,998 137,518 — 12,124,820 Redeemable OP unitholder and noncontrolling interests 13,746 — 174,395 — 188,141 Total equity 6,811,810 (252,538 ) 22,095,112 (18,382,790 ) 10,271,594 Total liabilities and equity $ 15,716,860 $ 2,843,460 $ 22,407,025 $ (18,382,790 ) $ 22,584,555
CONDENSED CONSOLIDATING STATEMENT OF INCOME	CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 1,074 $ 142,562 $ 1,466,240 $ — $ 1,609,876 Resident fees and services — — 2,151,533 — 2,151,533 Office building and other services revenues — — 11,156 — 11,156 Income from loans and investments 2,812 — 86,389 — 89,201 Equity earnings in affiliates 362,143 — (2,469 ) (359,674 ) — Interest and other income 214 192 10,578 — 10,984 Total revenues 366,243 142,754 3,723,427 (359,674 ) 3,872,750 Expenses Interest (87,222 ) 323,860 215,024 — 451,662 Depreciation and amortization 5,686 5,410 1,034,524 — 1,045,620 Property-level operating expenses — 578 1,807,630 — 1,808,208 Office building services costs — — 2,319 — 2,319 General, administrative and professional fees 6,512 17,958 141,526 — 165,996 Loss on extinguishment of debt, net — 41,875 25 — 41,900 Merger-related expenses and deal costs 7,170 — 8,065 — 15,235 Other 2,077 2 (19,688 ) — (17,609 ) Total expenses (65,777 ) 389,683 3,189,425 — 3,513,331 Income (loss) before unconsolidated entities, real estate dispositions, income taxes and noncontrolling interests 432,020 (246,929 ) 534,002 (359,674 ) 359,419 Loss from unconsolidated entities — — (2,454 ) — (2,454 ) Gain on real estate dispositions 930 88 25,004 — 26,022 Income tax benefit 66 — 56,244 — 56,310 Income (loss) from continuing operations 433,016 (246,841 ) 612,796 (359,674 ) 439,297 Net income (loss) 433,016 (246,841 ) 612,796 (359,674 ) 439,297 Net income attributable to noncontrolling interests — — 6,281 — 6,281 Net income (loss) attributable to common stockholders $ 433,016 $ (246,841 ) $ 606,515 $ (359,674 ) $ 433,016 CONDENSED CONSOLIDATING STATEMENT OF INCOME For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Revenues Rental income $ 1,407 $ 139,043 $ 1,373,357 $ — $ 1,513,807 Resident fees and services — — 2,069,477 — 2,069,477 Office building and other services revenues — — 13,416 — 13,416 Income from loans and investments 1,640 — 122,578 — 124,218 Equity earnings in affiliates 308,764 — (2,696 ) (306,068 ) — Interest and other income 23,802 19 1,071 — 24,892 Total revenues 335,613 139,062 3,577,203 (306,068 ) 3,745,810 Expenses Interest (98,411 ) 327,898 213,010 — 442,497 Depreciation and amortization 5,425 5,680 908,534 — 919,639 Property-level operating expenses — 283 1,689,597 — 1,689,880 Office building services costs — — 1,418 — 1,418 General, administrative and professional fees (2,866 ) 18,845 136,003 — 151,982 Loss on extinguishment of debt, net 355 55,910 1,989 — 58,254 Merger-related expenses and deal costs 25,880 — 4,667 — 30,547 Other 4,881 3 61,884 — 66,768 Total expenses (64,736 ) 408,619 3,017,102 — 3,360,985 Income (loss) before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 400,349 (269,557 ) 560,101 (306,068 ) 384,825 Loss from unconsolidated entities — — (55,034 ) — (55,034 ) Gain on real estate dispositions 6,653 — 39,594 — 46,247 Income tax benefit 2,475 — 37,478 — 39,953 Income (loss) from continuing operations 409,477 (269,557 ) 582,139 (306,068 ) 415,991 Discontinued operations (10 ) — — — (10 ) Net income (loss) 409,467 (269,557 ) 582,139 (306,068 ) 415,981 Net income attributable to noncontrolling interests — — 6,514 — 6,514 Net income (loss) attributable to common stockholders $ 409,467 $ (269,557 ) $ 575,625 $ (306,068 ) $ 409,467 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 1,260,665 — 5,086 (1,265,751 ) — Interest and other income 5,388 — 646 — 6,034 Total revenues 1,269,672 178,165 3,392,063 (1,265,751 ) 3,574,149 Expenses Interest (101,385 ) 319,632 229,949 — 448,196 Depreciation and amortization 5,483 7,510 874,955 — 887,948 Property-level operating expenses — 330 1,482,742 — 1,483,072 Office building services costs — — 3,391 — 3,391 General, administrative and professional fees 2,040 16,976 116,474 — 135,490 Loss (gain) on extinguishment of de bt, net — 942 (188 ) — 754 Merger-related expenses and deal costs 9,796 — 739 — 10,535 Other 2,247 1 17,804 — 20,052 Total expenses (81,819 ) 345,391 2,725,866 — 2,989,438 Income (loss) before unconsolidated entities, real estate dispositions, income taxes, discontinued operations and noncontrolling interests 1,351,491 (167,226 ) 666,197 (1,265,751 ) 584,711 Loss from unconsolidated entities — — (561 ) — (561 ) Gain on real estate dispositions — 675,808 41,465 — 717,273 Income tax benefit 5,089 — 54,710 — 59,799 Income from continuing operations 1,356,580 508,582 761,811 (1,265,751 ) 1,361,222 Discontinued operations (110 ) — — — (110 ) Net income 1,356,470 508,582 761,811 (1,265,751 ) 1,361,112 Net income attributable to noncontrolling interests — — 4,642 — 4,642 Net income attributable to common stockholders $ 1,356,470 $ 508,582 $ 757,169 $ (1,265,751 ) $ 1,356,470
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME	CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 433,016 $ (246,841 ) $ 612,796 $ (359,674 ) $ 439,297 Other comprehensive loss: Foreign currency translation — — 5,729 — 5,729 Unrealized gain on available for sale securities — — 11,634 — 11,634 Derivative instruments — — (30,814 ) — (30,814 ) Total other comprehensive loss — — (13,451 ) — (13,451 ) Comprehensive income (loss) 433,016 (246,841 ) 599,345 (359,674 ) 425,846 Comprehensive income attributable to noncontrolling interests — — 7,649 — 7,649 Comprehensive income (loss) attributable to common stockholders $ 433,016 $ (246,841 ) $ 591,696 $ (359,674 ) $ 418,197 For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income (loss) $ 409,467 $ (269,557 ) $ 582,139 $ (306,068 ) $ 415,981 Other comprehensive income: Foreign currency translation — — (9,436 ) — (9,436 ) Unrealized gain on available for sale securities — — 14,944 — 14,944 Derivative instruments — — 10,030 — 10,030 Total other comprehensive income — — 15,538 — 15,538 Comprehensive income (loss) 409,467 (269,557 ) 597,677 (306,068 ) 431,519 Comprehensive income attributable to noncontrolling interests — — 6,514 — 6,514 Comprehensive income (loss) attributable to common stock holders $ 409,467 $ (269,557 ) $ 591,163 $ (306,068 ) $ 425,005 For the Year Ended December 31, 2017 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net income $ 1,356,470 $ 508,582 $ 761,811 $ (1,265,751 ) $ 1,361,112 Other comprehensive incom e: Foreign currency translation — — 20,612 — 20,612 Unrealized loss on available for sale securities — — (437 ) — (437 ) Derivative instruments — — 2,239 — 2,239 Total other comprehensive income — — 22,414 — 22,414 Comprehensive income 1,356,470 508,582 784,225 (1,265,751 ) 1,383,526 Comprehensive income attributable to noncontrolling interests — — 4,642 — 4,642 Comprehensive income attributable to common stockholders $ 1,356,470 $ 508,582 $ 779,583 $ (1,265,751 ) $ 1,378,884
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2019 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 59,433 $ (179,258 ) $ 1,557,608 $ — $ 1,437,783 Cash flows from investing activities: Net investment in real estate property (235,807 ) — (722,318 ) — (958,125 ) Investment in loans receivable (21,799 ) — (1,236,388 ) — (1,258,187 ) Proceeds from real estate disposals 147,546 — 309 — 147,855 Proceeds from loans receivable 60 — 1,017,249 — 1,017,309 Development project expenditures (7,240 ) (790 ) (395,893 ) — (403,923 ) Capital expenditures — — (156,724 ) — (156,724 ) Distributions from unconsolidated entities — — 172 — 172 Investment in unconsolidated entities — — (3,855 ) — (3,855 ) Insurance proceeds for property damage claims — — 30,179 — 30,179 Net cash used in investing activities (117,240 ) (790 ) (1,467,269 ) — (1,585,299 ) Cash flows from financing activities: Net change in borrowings under revolving credit facilities — (577,996 ) 8,105 — (569,891 ) Net change in borrowings under commercial paper program — 565,524 — — 565,524 Proceeds from debt — 1,793,154 1,220,037 — 3,013,191 Repayment of debt — (2,109,894 ) (514,022 ) — (2,623,916 ) Net change in intercompany debt 225,407 525,608 (751,015 ) — — Payment of deferred financing costs — (16,348 ) (5,055 ) — (21,403 ) Issuance of common stock, net 942,085 — — — 942,085 Cash distribution to common stockholders (1,157,720 ) — — — (1,157,720 ) Cash distribution to redeemable OP unitholders — — (9,218 ) — (9,218 ) Purchases of redeemable OP Units — — (2,203 ) — (2,203 ) Contributions from noncontrolling interests — — 6,282 — 6,282 Distributions to noncontrolling interests — — (9,717 ) — (9,717 ) Proceeds from stock option exercises 36,179 — — — 36,179 Other (8,502 ) — (17 ) — (8,519 ) Net cash provided by (used in) financing activities 37,449 180,048 (56,823 ) — 160,674 Net (decrease) increase in cash, cash equivalents and restricted cash (20,358 ) — 33,516 — 13,158 Effect of foreign currency translation 12,786 — (11,306 ) — 1,480 Cash, cash equivalents and restricted cash at beginning of period 10,681 128 120,655 — 131,464 Cash, cash equivalents and restricted cash at end of period $ 3,109 $ 128 $ 142,865 $ — $ 146,102 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Year Ended December 31, 2018 Ventas, Inc. Ventas Realty Ventas Subsidiaries Consolidated Elimination Consolidated (In thousands) Net cash provided by (used in) operating activities $ 45,334 $ (194,283 ) $ 1,530,416 $ — $ 1,381,467 Cash flows from investing activities: Net investment in real estate property (265,907 ) — — — (265,907 ) Investment in loans receivable and other (4,307 ) — (225,227 ) — (229,534 ) Proceeds from real estate disposals 353,792 — — — 353,792 Proceeds from loans receivable 1,490 — 910,050 — 911,540 Development project expenditures — — (330,876 ) — (330,876 ) Capital expenditures — (1,199 ) (130,659 ) — (131,858 ) Distributions from unconsolidated entities — — 57,455 — 57,455 Investment in unconsolidated entities — — (47,007 ) — (47,007 ) Insurance proceeds for property damage claims — — 6,891 — 6,891 Net cash provided by (used in) investing activities 85,068 (1,199 ) 240,627 — 324,496 Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — 326,620 (5,157 ) — 321,463 Proceeds from debt — 2,309,141 240,332 — 2,549,473 Repayment of debt — (2,954,654 ) (510,925 ) — (3,465,579 ) Net change in intercompany debt 1,468,811 530,236 (1,999,047 ) — — Purchase of noncontrolling interests (8,271 ) — 3,547 — (4,724 ) Payment of deferred financing costs — (15,861 ) (4,751 ) — (20,612 ) Cash distribution (to) from affiliates (490,214 ) — 490,214 — — Cash distribution to common stockholders (1,127,143 ) — — — (1,127,143 ) Cash distribution to redeemable OP unitholders — — (7,459 ) — (7,459 ) Cash issued for redemption of OP Units — — (1,370 ) — (1,370 ) Contributions from noncontrolling interests — — 1,883 — 1,883 Distributions to noncontrolling interests — — (11,574 ) — (11,574 ) Proceeds from stock option exercises 8,762 — — — 8,762 Other (5,057 ) — — — (5,057 ) Net cash (used in) provided by financing activities (153,112 ) 195,482 (1,804,307 ) — (1,761,937 ) Net decrease in cash, cash equivalents and restricted cash (22,710 ) — (33,264 ) — (55,974 ) Effect of foreign currency translation (13,554 ) — 12,739 — (815 ) Cash, cash equivalents and restricted cash at beginning of period 46,945 128 141,180 — 188,253 Cash, cash equivalents and restricted cash at end of period $ 10,681 $ 128 $ 120,655 $ — $ 131,464 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 $ 149,923 $ (143,960 ) $ 1,422,789 $ — $ 1,428,752 Cash flows from investing activities: Net investment in real estate property (635,352 ) — (29,332 ) — (664,684 ) Investment in loans receivable and other (4,633 ) — (743,486 ) — (748,119 ) Proceeds from real estate disposals 859,587 — 287 — 859,874 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 ) Insurance proceeds for property damage claims — — 1,419 — 1,419 Net cash provided by (used in) investing activities 219,649 (726 ) (1,156,030 ) — (937,107 ) Cash flows from financing activities: Net change in borrowings under unsecured revolving credit facility — 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 ) Net change in intercompany debt 1,003,315 (917,917 ) (85,398 ) — — Purchase of noncontrolling interests (15,809 ) — — — (15,809 ) 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 (803,257 ) 587,511 215,746 — — 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 ) Proceeds from stock option exercises 16,287 — — — 16,287 Other (5,705 ) — — — (5,705 ) Net cash (used in) provided by financing activities (558,858 ) 143,310 (255,779 ) — (671,327 ) Net (decrease) increase in cash, cash equivalents and restricted cash (189,286 ) (1,376 ) 10,980 — (179,682 ) Effect of foreign currency translation 28,442 — (27,861 ) — 581 Cash, cash equivalents and restricted cash at beginning of period 207,789 1,504 158,061 — 367,354 Cash, cash equivalents and restricted cash at end of period $ 46,945 $ 128 $ 141,180 $ — $ 188,253

Description of Business (Detail

Description of Business (Details)	Dec. 31, 2019propertytenant
Real estate properties
Number of real estate properties	1,200
Concentration risk, number of tenants \| tenant	3
Brookdale Senior Living
Real estate properties
Number of real estate properties	122
Number of properties managed by large tenant excluded from property count for that tenant due to contract type	2
Ardent
Real estate properties
Number of real estate properties	11
Kindred
Real estate properties
Number of real estate properties	32
Development Projects
Real estate properties
Number of real estate properties	22
Development Projects \| Unconsolidated Real Estate Entities
Real estate properties
Number of real estate properties	4
Triple Net Leased Properties
Real estate properties
Number of real estate properties	412
Seniors Housing Communities Managed by Independent Operators
Real estate properties
Number of real estate properties	406

Schedule of VIEs (Details)

Schedule of VIEs (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Assets	$ 24,692,208	$ 22,584,555
Liabilities	13,873,078	12,124,820
NHP/PMB L.P. \| Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure
Variable Interest Entity [Line Items]
Assets	666,404	673,467
Liabilities	244,934	238,147
Other Identified VIEs \| Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure
Variable Interest Entity [Line Items]
Assets	4,075,821	2,076,715
Liabilities	1,459,830	405,350
Tax Credit VIEs \| Variable Interest Entity, Primary Beneficiary, Aggregated Disclosure
Variable Interest Entity [Line Items]
Assets	845,229	797,077
Liabilities	$ 333,809	$ 297,004

Redeemable OP Unitholder and No

Redeemable OP Unitholder and Noncontrolling Interests (Details) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)
Redeemable OP Unitholder Interests [Line Items]
Redeemable OP Unitholder interests \| $	$ 171.2	$ 174.6
NHP/PMB L.P.
Redeemable OP Unitholder Interests [Line Items]
Unit conversion factor for common stock	0.9051
Capital Unit, Class A \| Limited Partner \| NHP/PMB L.P.
Redeemable OP Unitholder Interests [Line Items]
Limited partners' units outstanding	3.3
Percentage of ownership interest on total units outstanding	31.00%
Capital Unit, Class B \| General Partner \| NHP/PMB L.P.
Redeemable OP Unitholder Interests [Line Items]
Percentage of ownership interest on total units outstanding	69.00%
General partner's units outstanding	7.3

Accounting for Historic and New

Accounting for Historic and New Markets Tax Credits (Details)	Dec. 31, 2019property
Real Estate [Line Items]
Number of real estate properties	1,200
Real Estate Properties That Qualify For Certain Tax Credits
Real Estate [Line Items]
Number of real estate properties	10
Development Projects \| Real Estate Properties That Qualify For Certain Tax Credits
Real Estate [Line Items]
Number of real estate properties	1

Accounting for Real Estate Acqu

Accounting for Real Estate Acquisitions (Details)	12 Months Ended
Accounting for Real Estate Acquisitions (Details)	Dec. 31, 2019
Building
Business Acquisition [Line Items]
Estimated remaining life (in years)	35 years

Deferred Financing Costs (Detai

Deferred Financing Costs (Details) - USD ($) $ in Millions	12 Months Ended
Deferred Financing Costs (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Amortization of debt issuance costs	$ 20.2	$ 18.1	$ 18.9

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Straight-line rent receivables	$ 278,833
Straight-line rent receivables, net		$ 250,023
Allowance for straight-line rent receivable		$ 44,600

Gain on the Sale of Assets (Det

Gain on the Sale of Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption	$ 638		$ 30,643
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption	$ 801		$ 30,643
Retained Earnings \| Accounting Standards Update 2017-15
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption		$ 31,200

Segments (Details)

Segments (Details) - segment	12 Months Ended
Segments (Details) - segment	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Number of reportable segments	3	3	3

Recently Issued or Adopted Acco

Recently Issued or Adopted Accounting Standards (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease assets	$ 385,225		$ 0
Operating lease liabilities	$ 251,196		0
Cumulative effect of new accounting principle in period of adoption			638	$ 30,643
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption			$ 801	$ 30,643
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lessee, operating lease, discount rate		6.15%
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lessee, operating lease, discount rate		7.60%
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease assets		$ 361,700
Operating lease liabilities		216,900
Accounting Standards Update 2016-02 \| Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption		$ 600

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	12 Months Ended
Concentration of Credit Risk (Details)	Dec. 31, 2019provincestate	Dec. 31, 2018state	Dec. 31, 2017state
Customer Concentration Risk
Concentration Risk [Line Items]
Continuing revenues and NOI from properties located in California	10.00%	10.00%	10.00%
Customer Concentration Risk \| CALIFORNIA
Concentration Risk [Line Items]
Number of states accounting for more than ten percent of revenues and net operating income	1	1	1
Customer Concentration Risk \| Total Gross Book Value of Properties \| Hospitals, Medical Office Building and other
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	37.80%
Customer Concentration Risk \| Total Gross Book Value of Properties \| Triple Net Leased Properties \| Seniors Housing Communities
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	18.80%
Customer Concentration Risk \| Total Gross Book Value of Properties \| Senior Living Operations \| Seniors Housing Communities
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	43.40%
Customer Concentration Risk \| Total Gross Book Value of Properties \| Atria
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	20.40%
Customer Concentration Risk \| Total Gross Book Value of Properties \| Sunrise
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	10.30%
Customer Concentration Risk \| Total Gross Book Value of Properties \| Brookdale Senior Living
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	7.70%
Customer Concentration Risk \| Total Gross Book Value of Properties \| Ardent
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	4.70%
Customer Concentration Risk \| Total Gross Book Value of Properties \| Kindred
Concentration Risk [Line Items]
Percentage of real estate investments based on gross book value (as a percent)	1.00%
Geographic Concentration Risk
Concentration Risk [Line Items]
Number of US states in which entity operates	45
Geographic Concentration Risk \| Canada
Concentration Risk [Line Items]
Number of Canadian provinces in which entity operates \| province	7

Concentration of Credit Risk -

Concentration of Credit Risk - Triple-Net Leased Properties (Details) $ in Thousands	1 Months Ended			12 Months Ended
	Jul. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Apr. 30, 2018USD ($)periodLease	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)property
Real estate properties
Other noncash expense				$ (13,264)	$ (3,720)	$ (4,624)
Brookdale Senior Living
Real estate properties
Other noncash expense			$ (21,300)
Master leases \| Lease			1
Options to extend term of lease \| period			2
Lease renewal term			10 years
Proceeds from fees received			$ 2,500
Brookdale Senior Living \| Revenues
Real estate properties
Concentration risk				4.70%	4.30%	4.70%
Brookdale Senior Living \| Net Operating Income
Real estate properties
Concentration risk				8.70%	7.60%	8.00%
Ardent
Real estate properties
Proceeds from fees received		$ 14,000
Ardent \| Revenues
Real estate properties
Concentration risk				3.10%	3.10%	3.10%
Ardent \| Net Operating Income
Real estate properties
Concentration risk				5.80%	5.70%	5.30%
Kindred
Real estate properties
Proceeds from fees received	$ 12,300
Kindred \| Revenues
Real estate properties
Concentration risk				3.30%	3.50%	4.60%
Kindred \| Net Operating Income
Real estate properties
Concentration risk				6.30%	6.40%	7.90%
2017 SNF disposition [Member] \| Kindred \| Skilled Nursing Facilities
Real estate properties
Number of real estate properties \| property						36

Concentration of Risk (Minimum

Concentration of Risk (Minimum Rents) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Concentration Risk [Line Items]
2020	$ 1,328,420
2021	1,266,518
2022	1,180,111
2023	1,096,135
2024	1,032,899
Thereafter	4,148,397
Total	10,052,480
Brookdale Senior Living
Concentration Risk [Line Items]
2020	184,141
2021	183,774
2022	183,398
2023	183,000
2024	182,600
Thereafter	182,189
Total	1,099,102
Ardent
Concentration Risk [Line Items]
2020	122,348
2021	122,348
2022	122,348
2023	122,348
2024	122,348
Thereafter	1,292,096
Total	1,903,836
Kindred
Concentration Risk [Line Items]
2020	130,790
2021	130,786
2022	130,790
2023	110,365
2024	100,153
Thereafter	40,358
Total	643,242
Other Lease Agreements
Concentration Risk [Line Items]
2020	891,141
2021	829,610
2022	743,575
2023	680,422
2024	627,798
Thereafter	2,633,754
Total	$ 6,406,300

Concentration of Credit Risk _2

Concentration of Credit Risk - Senior Living Operations (Details)	Dec. 31, 2019property
Concentration Risk [Line Items]
Number of real estate properties	1,200
Consolidated Seniors Housing Communities
Concentration Risk [Line Items]
Number of real estate properties	401
Atria and Sunrise \| Consolidated Seniors Housing Communities
Concentration Risk [Line Items]
Number of real estate properties	260

Acquisitions of Real Estate P_2

Acquisitions of Real Estate Property 2019 Acquisitions (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)property	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Number of real estate properties		1,200
Payments to acquire real estate \| $		$ 958,125	$ 265,907	$ 664,684
Development Projects
Business Acquisition [Line Items]
Number of real estate properties		22
LGM Acquisition \| Le Groupe Maurice
Business Acquisition [Line Items]
VIE ownership percentage	87.00%
Number of real estate properties	34
Recognized identifiable assets acquired and liabilities assumed, property, plant, and equipment \| $	$ 1,800,000
LGM Acquisition \| Le Groupe Maurice \| Development Projects
Business Acquisition [Line Items]
Number of real estate properties	5
Other 2019 Acquisitions
Business Acquisition [Line Items]
Vacant land parcels acquired		1
Payments to acquire real estate \| $		$ 237,000
Other 2019 Acquisitions \| Office Operations
Business Acquisition [Line Items]
Number of real estate properties		2
Other 2019 Acquisitions \| Research and Innovation Center \| Office Operations
Business Acquisition [Line Items]
Number of real estate properties		1
Other 2019 Acquisitions \| Medical Office Buildings \| Office Operations
Business Acquisition [Line Items]
Number of real estate properties		1
Other 2019 Acquisitions \| Seniors Housing Communities \| Senior Living Operations
Business Acquisition [Line Items]
Number of real estate properties		2

2018 Acquisitions (Details)

2018 Acquisitions (Details) $ in Thousands	12 Months Ended
2018 Acquisitions (Details) $ in Thousands	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Number of real estate properties	1,200
Payments to acquire real estate \| $	$ 958,125	$ 265,907	$ 664,684
2018 Acquisitions
Business Acquisition [Line Items]
Payments to acquire real estate \| $		$ 311,300
2018 Acquisitions \| Office Operations
Business Acquisition [Line Items]
Number of real estate properties		5
2018 Acquisitions \| Office Operations \| Medical Office Buildings
Business Acquisition [Line Items]
Number of real estate properties		4
2018 Acquisitions \| Office Operations \| Research and Innovation Center
Business Acquisition [Line Items]
Number of real estate properties		1
2018 Acquisitions \| Senior Living Operations \| Seniors Housing Communities
Business Acquisition [Line Items]
Number of real estate properties		1

2017 Acquisitions (Details)

2017 Acquisitions (Details) $ in Thousands	12 Months Ended
2017 Acquisitions (Details) $ in Thousands	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)property
Business Acquisition [Line Items]
Number of real estate properties	1,200
Payments to acquire real estate \| $	$ 958,125	$ 265,907	$ 664,684
Triple Net Leased Properties
Business Acquisition [Line Items]
Number of real estate properties	412
2017 Acquisitions
Business Acquisition [Line Items]
Payments to acquire real estate \| $			$ 691,300
2017 Acquisitions \| Office Operations
Business Acquisition [Line Items]
Number of real estate properties			4
2017 Acquisitions \| Triple Net Leased Properties
Business Acquisition [Line Items]
Number of real estate properties			15
Properties acquired previously owned by equity method investee			6
2017 Acquisitions \| Research and Innovation Center \| Office Operations
Business Acquisition [Line Items]
Number of real estate properties			3
2017 Acquisitions \| Medical Office Buildings \| Office Operations
Business Acquisition [Line Items]
Number of real estate properties			1
2017 Acquisitions \| Seniors Housing Communities \| Senior Living Operations
Business Acquisition [Line Items]
Number of real estate properties			3

Dispositions 2019 Dispositions

Dispositions 2019 Dispositions Activity (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)propertyparcel	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold	1,200
Gain on real estate dispositions \| $	$ 26,022	$ 46,247	$ 717,273
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	412
2019 Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Vacant land parcels sold \| parcel	1
Proceeds from sale of real estate \| $	$ 147,500
Gain on real estate dispositions \| $	$ 26,000
2019 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	10
2019 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	8
2019 Dispositions \| Seniors Housing Communities
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold	6

2018 Dispositions Activity (Det

2018 Dispositions Activity (Details) $ in Thousands	12 Months Ended
2018 Dispositions Activity (Details) $ in Thousands	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)propertyparcel	Dec. 31, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold	1,200
Gain on real estate dispositions \| $	$ 26,022	$ 46,247	$ 717,273
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	412
2018 Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Vacant land parcels sold \| parcel		2
Proceeds from sale of real estate \| $		$ 348,600
Gain on real estate dispositions \| $		$ 46,200
2018 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		5
2018 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		11
2018 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		7

2017 Dispositions Activity (Det

2017 Dispositions Activity (Details) $ in Thousands	12 Months Ended
2017 Dispositions Activity (Details) $ in Thousands	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold	1,200
Gain on real estate dispositions \| $	$ 26,022	$ 46,247	$ 717,273
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	412
Dispositions 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of real estate \| $			870,800
Gain on real estate dispositions \| $			$ 717,300
Dispositions 2017 \| 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			53
Dispositions 2017 \| Medical Office Buildings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties sold			5

Assets Held For Sale and Impair

Assets Held For Sale and Impairment (Details)	1 Months Ended	12 Months Ended
Assets Held For Sale and Impairment (Details)	Mar. 31, 2018USD ($)property	Dec. 31, 2019USD ($)property	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties \| property		1,200
Assets held for sale		$ 91,433,000	$ 5,454,000
Liabilities held for sale		5,463,000	205,000
Real estate impairments		0	52,510,000	$ 4,616,000
Depreciation and amortization
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Real estate impairments		133,600,000	29,500,000	32,900,000
Other Expense
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Real estate impairments		0	52,500,000	$ 4,600,000
Medical Office Buildings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Properties no longer classified as held for sale \| property	5
Depreciation	$ 5,700,000
Triple Net Leased Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale		62,098,000	5,482,000
Liabilities held for sale		1,623,000	40,000
Office Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale		5,177,000	160,000
Liabilities held for sale		499,000	152,000
Senior Living Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale		24,158,000	(188,000)
Liabilities held for sale		$ 3,341,000	$ 13,000
Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties \| property		15	1
Held for Sale \| Triple Net Leased Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties \| property		8	1
Held for Sale \| Office Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties \| property		1	0
Held for Sale \| Senior Living Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties \| property		6	0

Loans Receivables and Investmen

Loans Receivables and Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Loans Receivable And Investments [Abstract]
Secured Loans, Unsecured Loans, And Other Available-For-Sale Securities	$ 1,005,696	$ 756,475

Loans Receivables and Investm_2

Loans Receivables and Investments (Details) 2 - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt Securities, Available-for-sale	$ 237,360	$ 206,442
Available-for-sale securities, unrealized gain (loss)	31,186	15,746
Non-mortgage loans receivable, net	63,724	54,164
Secured loans, unsecured loans, and other available-for-sale securities, amortized cost	974,510	740,729
Secured loans, unsecured loans, and other available-for-sale securities, fair value	1,006,889	742,191
Total loans receivable and investments, net	1,005,696	756,475
Non-Mortgage Loan Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-mortgage loans receivable, net	63,724	54,164
Non-mortgage loans receivable, amortized cost	63,724	54,164
Non-mortgage loans receivable, fair value	63,538	54,081
Non-mortgage loans receivable, net, unrealized gain	0	0
Commercial Mortgage Backed Securities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt Securities, Held-to-maturity	645,546	439,491
Debt Securities, Held-to-maturity, Fair Value	646,925	425,290
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain	0	0
Government-sponsored pooled loan investments
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt Securities, Available-for-sale	59,066	56,378
Debt Securities, Available-for-sale, Amortized Cost	52,178	49,601
Available-for-sale securities, unrealized gain (loss)	6,888	6,777
Collateralized Mortgage Backed Securities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Available-for-sale securities, unrealized gain (loss)	6,888	6,777
Debt securities, available-for-sale and held-to-maturity, carrying amount	704,612	495,869
Debt securities, available-for-sale and held-to-maturity, amortized cost	697,724	489,092
Debt securities, Held-to-Maturity and Available-for-Sale, Fair Value	705,991	481,668
Marketable Debt Securities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt Securities, Available-for-sale	237,360	206,442
Debt Securities, Available-for-sale, Amortized Cost	213,062	197,473
Available-for-sale securities, unrealized gain (loss)	$ 24,298	$ 8,969

Loans Receivable and Investme_3

Loans Receivable and Investments 2019 Activity (Details) $ in Thousands, $ in Millions	1 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jul. 31, 2019USD ($)	Jul. 31, 2019CAD ($)	Apr. 30, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from loans receivable		$ 1,017,309	$ 911,540	$ 101,097
Gains (losses) on real estate loan investments		$ 0	$ 13,202	$ 124
Senior Secured Notes Maturing 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Marketable securities							$ 5,000
Offering price, percentage of par							102.00%
Effective interest rate on investment							8.10%
Senior Secured Notes Maturing 2026
Accounts, Notes, Loans and Financing Receivable [Line Items]
Marketable securities							$ 10,500
Offering price, percentage of par							98.00%
Effective interest rate on investment							8.30%
Financing Receivable \| Colony Capital, Inc. subsidiaries
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables term	5 years
receivables term extension option	1 year
Loans receivable	$ 490,000
Additional periods	3
Loans Receivable \| Colony Capital, Inc. subsidiaries
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from loans receivable	$ 282,000
Gains (losses) on real estate loan investments	$ 500
Loans Receivable \| Le Groupe Maurice
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable					$ 723,000	$ 947

Loans Receivable and Investme_4

Loans Receivable and Investments 2018 Activity (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)loan	Dec. 31, 2017USD ($)	Jun. 30, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gains (losses) on real estate loan investments		$ 0	$ 13,202	$ 124
Income from loans and investments		$ 89,201	124,218	$ 117,608
Ardent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ownership interests in properties accounted for under the equity method		9.80%
Ardent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from fees received	$ 14,000
Recognition of deferred revenue	13,200
Full Repayments on Loans Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from collection of loans receivable			$ 862,900
Number of Loans Repaid \| loan			14
Weighted interest rate			9.10%
Gains (losses) on real estate loan investments			$ 27,800
Full Repayments on Loans Receivable \| Ardent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from collection of loans receivable	713,000
Revolving Credit Facility \| Ardent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Repayments of Lines of Credit	13,000
Loans Receivable \| Ardent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from collection of loans receivable	$ 700,000
Ardent subsidiary
Accounts, Notes, Loans and Financing Receivable [Line Items]
Marketable securities					$ 200,000
Offering price, percentage of par value	98.60%
Effective interest rate on investment	10.00%
Income from loans and investments \| Ardent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Income from loans and investments	$ 27,200

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Details) $ in Millions	1 Months Ended		12 Months Ended
	Jul. 31, 2018USD ($)	Mar. 31, 2018USD ($)joint_venture	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Equity method investments
Equity Method Investment, Other than Temporary Impairment		$ 35.7
Real Estate Joint Ventures
Equity method investments
Ownership interests in properties accounted for under the equity method	25.00%
Equity investments in an unconsolidated real estate venture with recognized impairment \| joint_venture		1
Proceeds from sale of equity method investments	$ 57.5
Management Service
Equity method investments
Management fees earned			$ 3.4	$ 5.8	$ 6.3
Atria
Equity method investments
Ownership interests in properties accounted for under the equity method			34.00%
Eclipse Senior Living
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			9.80%

Intangibles (Details)

Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
Intangibles (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Intangible assets:
Acquired lease intangibles	$ 1,306,152	$ 1,502,955
Goodwill	1,051,161	1,050,548
Accumulated amortization	(920,742)	(921,107)
Net intangible assets	$ 1,472,408	$ 1,668,155
Remaining weighted average amortization period in years	10 years 2 months 12 days	22 years 10 months 24 days
Intangible liabilities:
Below market lease intangibles	$ 349,357	$ 356,771
Other lease intangibles	13,498	31,418
Accumulated amortization	(203,834)	(191,909)
Purchase option intangibles	3,568	3,568
Net intangible liabilities	$ 162,589	$ 199,848
Below market leases, remaining weighted average amortization period	14 years 6 months	14 years 4 months 24 days
Other lease intangibles, remaining weighted average amortization period		46 years 6 months
Net intangible liabilities, remaining weighted average amortization period	14 years 6 months	17 years 2 months 12 days
Intangibles
Net amortization expense	$ 59,200	$ 49,200	$ 67,200
Estimated net amortization of the intangibles during 2020	53,988
Estimated net amortization of the intangibles during 2021	46,651
Estimated net amortization of the intangibles during 2022	39,315
Estimated net amortization of the intangibles during 2023	36,107
Estimated net amortization of the intangibles during 2024	28,622
Above Market Lease Intangibles
Intangible assets:
Acquired lease intangibles	$ 145,891	$ 181,393
Remaining weighted average amortization period in years	6 years 10 months 24 days	6 years 8 months 12 days
In-Place and Other Lease Intangibles
Intangible assets:
Acquired lease intangibles	$ 1,160,261	$ 1,321,562
Remaining weighted average amortization period in years	10 years 7 months 6 days	24 years 8 months 12 days
Other Intangibles
Intangible assets:
Other finite-lived intangible assets	$ 35,837	$ 35,759
Remaining weighted average amortization period in years	10 years 10 months 24 days	11 years 9 months 18 days

Intangibles (Goodwill) (Details

Intangibles (Goodwill) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Goodwill [Line Items]
Goodwill	$ 1,051,161
Triple Net Leased Properties
Goodwill [Line Items]
Goodwill	321,781
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, 2019	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Straight-line rent receivables	$ 278,833
Straight-line rent receivables		$ 250,023
Non-mortgage loans receivable, net	63,724	54,164
Marketable debt securities	237,360	206,442
Other intangible assets, net	5,149	5,623
Investment in unconsolidated operating entities	59,301	56,820
Other	232,929	186,113
Total other assets	$ 877,296	$ 759,185

Senior Notes and Other Debt (Su

Senior Notes and Other Debt (Summary of Senior Notes Payable and Other Debt) (Details) $ in Thousands, $ in Millions	Dec. 31, 2019USD ($)	Nov. 30, 2019CAD ($)	Sep. 30, 2019CAD ($)	Aug. 31, 2019USD ($)	Jul. 01, 2019USD ($)	Jun. 30, 2019USD ($)	Feb. 28, 2019USD ($)	Jan. 03, 2019	Dec. 31, 2018USD ($)	Aug. 31, 2018USD ($)	Feb. 28, 2018USD ($)
Debt Instrument [Line Items]
Commercial paper	$ 567,450								$ 0
Long-term debt, gross	12,245,802
Long-term debt and short-term borrowings, gross	12,245,802								10,829,702
Debt issuance costs, net	(79,939)								(69,615)
Debt instrument, unamortized discount	(27,146)								(25,225)
Debt, Long-term and Short-term, Combined Amount	12,158,773								10,733,699
Unamortized fair value adjustment	$ 20,056								(1,163)
3.00% Senior Notes, Series A due 2019
Debt Instrument [Line Items]
Interest rate	3.00%		3.00%
Senior notes	$ 0								293,319
2.70% Senior Notes due 2020
Debt Instrument [Line Items]
Interest rate	2.70%			2.70%	2.70%
Senior notes	$ 0								500,000
Floating Rate, Series F due 2021
Debt Instrument [Line Items]
Senior notes	$ 231,018								0
4.25% Senior Notes due 2022
Debt Instrument [Line Items]
Interest rate	4.25%		4.25%	4.25%
Senior notes	$ 0								600,000
3.25% Senior Notes due 2022
Debt Instrument [Line Items]
Interest rate	3.25%
Senior notes									500,000
3.30% Senior Notes, Series C due 2022
Debt Instrument [Line Items]
Interest rate	3.30%
Senior notes	$ 192,515								183,325
Unsecured Term Loan Due 2023
Debt Instrument [Line Items]
Unsecured debt	$ 200,000					$ 300,000			300,000
3.125% Senior Notes due 2023
Debt Instrument [Line Items]
Interest rate	3.125%
Senior notes	$ 400,000								400,000
3.10% Senior Notes due 2023
Debt Instrument [Line Items]
Interest rate	3.10%
Senior notes	$ 400,000								400,000
2.55% Senior Notes, Series D due 2023
Debt Instrument [Line Items]
Interest rate	2.55%
Senior notes	$ 211,767								201,657
Unsecured Term Loan Due 2024
Debt Instrument [Line Items]
Unsecured debt	$ 0								600,000
3.50% Senior Notes due 2024
Debt Instrument [Line Items]
Interest rate	3.50%						3.50%
Senior notes	$ 400,000						$ 400,000		0
3.75% Senior Notes due 2024
Debt Instrument [Line Items]
Interest rate	3.75%
Senior notes	$ 400,000								400,000
4.125% Senior Notes, Series B due 2024
Debt Instrument [Line Items]
Interest rate	4.125%
Senior notes	$ 192,515								183,324
2.80% Senior Notes, Series E due 2024
Debt Instrument [Line Items]
Interest rate	2.80%	2.80%
Senior notes	$ 462,036	$ 600							0
Unsecured Term Loan due 2025
Debt Instrument [Line Items]
Unsecured debt	$ 385,030		$ 500						0
3.50% Senior Notes due 2025
Debt Instrument [Line Items]
Interest rate	3.50%
Senior notes	$ 600,000								600,000
2.65% Senior Notes due 2025
Debt Instrument [Line Items]
Interest rate	2.65%				2.65%
Senior notes	$ 450,000				$ 450,000				0
4.125% Senior Notes due 2026
Debt Instrument [Line Items]
Interest rate	4.125%
Senior notes	$ 500,000								500,000
3.25% Senior Notes due 2026
Debt Instrument [Line Items]
Interest rate	3.25%
Senior notes	$ 450,000								450,000
3.85% Senior Notes due 2027
Debt Instrument [Line Items]
Interest rate	3.85%
Senior notes	$ 400,000								400,000
4.00% Senior Notes due 2028
Debt Instrument [Line Items]
Interest rate	4.00%										4.00%
Senior notes	$ 650,000								650,000		$ 650,000
4.40% Senior Notes due 2029
Debt Instrument [Line Items]
Interest rate	4.40%									4.40%
Senior notes	$ 750,000								750,000	$ 750,000
3.00% Senior Notes due 2030
Debt Instrument [Line Items]
Interest rate	3.00%			3.00%
Senior notes	$ 650,000			$ 650,000					0
6.90% Senior Notes due 2037
Debt Instrument [Line Items]
Interest rate	6.90%
Senior notes	$ 52,400								52,400
6.59% Senior Notes due 2038
Debt Instrument [Line Items]
Interest rate	6.59%
Senior notes	$ 22,823								22,823
5.45% Senior Notes due 2043
Debt Instrument [Line Items]
Interest rate	5.45%							5.45%
Senior notes	$ 0								258,750
5.70% Senior Notes due 2043
Debt Instrument [Line Items]
Interest rate	5.70%
Senior notes	$ 300,000								300,000
4.375% Senior Notes due 2045
Debt Instrument [Line Items]
Interest rate	4.375%
Senior notes	$ 300,000								300,000
4.875% Senior Notes due 2049
Debt Instrument [Line Items]
Interest rate	4.875%						4.875%
Senior notes	$ 300,000						$ 300,000		0
Mortgage loans and other
Debt Instrument [Line Items]
Long-term debt, gross	1,996,969								1,127,697
Revolving Credit Facility \| Unsecured revolving credit facility
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	120,787								765,919
Revolving Credit Facility \| Unsecured revolving credit facility \| Borrowings originally denominated in CAD
Debt Instrument [Line Items]
Long-term debt, gross	26,200								23,100
Revolving Credit Facility \| Unsecured revolving credit facility \| Borrowings originally denominated in GBP
Debt Instrument [Line Items]
Long-term debt, gross	27,600								27,800
Revolving Credit Facility \| Secured revolving construction credit facility due 2022
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	$ 160,492								$ 90,488

Senior Notes and Other Debt (Cr

Senior Notes and Other Debt (Credit Facilities and Unsecured Term Loans) (Details) $ in Billions	1 Months Ended		3 Months Ended	12 Months Ended
	Sep. 30, 2019CAD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)period	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jun. 30, 2018USD ($)
Debt Instrument [Line Items]
Commercial paper program capacity				$ 1,000,000,000
Commercial paper				567,450,000	$ 0
Gain (loss) on extinguishment of debt				$ (41,900,000)	(58,254,000)	$ (754,000)
Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate				0.875%
Unsecured Revolving Credit Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 3,000,000,000
Additional periods \| period				2
Debt Instrument, Term, Additional Period				6 months
Accordion Feature \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 3,750,000,000
Unsecured Term Loan Due 2023
Debt Instrument [Line Items]
Accordion feature of debt				800,000,000
Repayments of debt		$ 100,000,000
Unsecured debt		300,000,000	$ 300,000,000	$ 200,000,000	300,000,000
Unsecured Term Loan Due 2023 \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate				0.90%
Unsecured Term Loan Due 2024
Debt Instrument [Line Items]
Repayments of debt		$ 600,000,000
Unsecured debt				$ 0	600,000,000
Unsecured Term Loans Due 2023 and 2024
Debt Instrument [Line Items]
Unsecured debt							$ 900,000,000
Gain (loss) on extinguishment of debt			$ (3,200,000)
Unsecured Term Loan Due 2020
Debt Instrument [Line Items]
Unsecured debt							$ 900,000,000
Unsecured revolving credit facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, amount outstanding				120,787,000	765,919,000
Letters of credit outstanding				24,000,000
Line of credit, remaining availability less commercial paper				2,300,000,000
Secured revolving construction credit facility due 2022 \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				400,000,000
Line of credit facility, amount outstanding				160,492,000	90,488,000
Unsecured Term Loan due 2025
Debt Instrument [Line Items]
Unsecured debt	$ 0.5			$ 385,030,000	$ 0
Unsecured Term Loan due 2025 \| Canadian Dollar Offered Rate (CDOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.90%

Senior Notes and Other Debt (Se

Senior Notes and Other Debt (Senior Notes) (Details) $ in Thousands, $ in Millions	1 Months Ended							3 Months Ended		12 Months Ended
	Nov. 30, 2019CAD ($)	Sep. 30, 2019CAD ($)	Aug. 31, 2019USD ($)	Sep. 30, 2018USD ($)	Aug. 31, 2018USD ($)	Apr. 30, 2018USD ($)	Feb. 28, 2018USD ($)	Sep. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2019CAD ($)	Jul. 01, 2019USD ($)	Feb. 28, 2019USD ($)	Jan. 31, 2019USD ($)	Jan. 03, 2019
Debt Instrument [Line Items]
Loss on extinguishment of debt, net										$ 41,900	$ 58,254	$ 754
Senior Notes \| Ventas Realty Limited Partnership
Debt Instrument [Line Items]
Senior notes										7,500,000
Senior Notes \| Ventas Realty and Ventas Capital Corp [Member]
Debt Instrument [Line Items]
Senior notes										500,000
Senior Notes \| Nationwide Health Properties, LLC
Debt Instrument [Line Items]
Senior notes										75,200
Senior Notes \| Ventas Canada Finance Limited
Debt Instrument [Line Items]
Senior notes													$ 1,700
6.90% Senior Notes due 2037
Debt Instrument [Line Items]
Senior notes										$ 52,400	52,400
Interest rate										6.90%			6.90%
6.59% Senior Notes due 2038
Debt Instrument [Line Items]
Senior notes										$ 22,823	22,823
Interest rate										6.59%			6.59%
5.45% Senior Notes due 2043
Debt Instrument [Line Items]
Senior notes										$ 0	258,750
Interest rate										5.45%			5.45%				5.45%
Debt instrument, repurchase amount																$ 258,800
Loss on extinguishment of debt, net									$ 400		7,100
3.50% Senior Notes due 2024
Debt Instrument [Line Items]
Senior notes										$ 400,000	0				$ 400,000
Interest rate										3.50%			3.50%		3.50%
Public offering price as percent of par															99.88%
4.875% Senior Notes due 2049
Debt Instrument [Line Items]
Senior notes										$ 300,000	0				$ 300,000
Interest rate										4.875%			4.875%		4.875%
Public offering price as percent of par															99.77%
2.65% Senior Notes due 2025
Debt Instrument [Line Items]
Senior notes										$ 450,000	0			$ 450,000
Interest rate										2.65%			2.65%	2.65%
Public offering price as percent of par														99.45%
2.70% Senior Notes due 2020
Debt Instrument [Line Items]
Senior notes										$ 0	500,000
Interest rate			2.70%							2.70%			2.70%	2.70%
Debt instrument, repurchase amount			$ 102,900											$ 397,100
Loss on extinguishment of debt, net			2,400
Public offering price as percent of par														100.37%
3.00% Senior Notes due 2030
Debt Instrument [Line Items]
Senior notes			$ 650,000							$ 650,000	0
Interest rate			3.00%							3.00%			3.00%
Public offering price as percent of par			99.51%
4.25% Senior Notes due 2022
Debt Instrument [Line Items]
Senior notes										$ 0	600,000
Interest rate			4.25%					4.25%		4.25%			4.25%
Debt instrument, repurchase amount			$ 395,700					$ 204,300
Loss on extinguishment of debt, net								$ 35,900
Public offering price as percent of par			105.46%
3.00% Senior Notes, Series A due 2019
Debt Instrument [Line Items]
Senior notes										$ 0	293,319
Interest rate								3.00%		3.00%			3.00%
Repayments of debt		$ 400
2.80% Senior Notes, Series E due 2024
Debt Instrument [Line Items]
Senior notes	$ 600									$ 462,036	0
Interest rate	2.80%									2.80%			2.80%
Public offering price as percent of par	99.99%
Floating Rate, Series F due 2021
Debt Instrument [Line Items]
Senior notes										$ 231,018	0
Public offering price as percent of par	100.00%
Repayments of debt	$ 300
2.00% Senior Notes, Due 2018
Debt Instrument [Line Items]
Interest rate							2.00%
Repayments of debt							$ 700,000
4.00% Senior Notes due 2028
Debt Instrument [Line Items]
Senior notes							$ 650,000			$ 650,000	650,000
Interest rate							4.00%			4.00%			4.00%
Public offering price as percent of par							99.23%
Four Percent, Senior Notes, Due 2019 [Member]
Debt Instrument [Line Items]
Interest rate						4.00%	4.00%
Debt instrument, repurchase amount							$ 502,100
Loss on extinguishment of debt, net						$ 1,800	$ 11,000
Public offering price as percent of par							101.83%
Repayments of debt						$ 97,900
4.40% Senior Notes due 2029
Debt Instrument [Line Items]
Senior notes					$ 750,000					$ 750,000	$ 750,000
Interest rate					4.40%					4.40%			4.40%
Public offering price as percent of par					99.95%
4.750% Senior Notes, due 2021
Debt Instrument [Line Items]
Interest rate				4.75%	4.75%
Debt instrument, repurchase amount					$ 549,500
Loss on extinguishment of debt, net				$ 7,600	$ 28,300
Public offering price as percent of par					104.56%
Repayments of debt				$ 150,500

Senior Notes and Other Debt (Mo

Senior Notes and Other Debt (Mortgages) (Details) $ in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)propertyloan	Dec. 31, 2018USD ($)	Sep. 30, 2019CAD ($)
Debt Instrument [Line Items]
Number of mortgage loans outstanding \| loan	89
Weighted average maturity period of mortgage loans	4 years 2 months 12 days
Unamortized fair value adjustment	$ 20,056	$ (1,163)
Mortgage Loans and Other
Debt Instrument [Line Items]
Outstanding mortgage loans	$ 2,000,000
Number of properties securing debt \| property	84
Number of mortgage loans with fixed interest rate \| loan	67
Number of mortgage loans with variable interest rate \| loan	22
Repayments of debt	$ 97,700	$ 485,700
Mortgage Loans and Other \| Fixed Rate Debt
Debt Instrument [Line Items]
Outstanding mortgage loans	$ 1,300,000
Weighted interest rate	3.70%
Mortgage Loans and Other \| Variable Rate Debt
Debt Instrument [Line Items]
Mortgage loans outstanding with variable interest rate	$ 671,100
Weighted interest rate	3.40%
Mortgage Loans and Other \| Minimum
Debt Instrument [Line Items]
Mortgage loans, fixed rate percentage	2.00%
Mortgage loans with variable interest rate, rates	1.20%
Mortgage Loans and Other \| Maximum
Debt Instrument [Line Items]
Mortgage loans, fixed rate percentage	13.00%
Mortgage loans with variable interest rate, rates	4.40%
Le Groupe Maurice \| Mortgage Loans and Other
Debt Instrument [Line Items]
Outstanding mortgage loans			$ 1,200
Unamortized fair value adjustment			$ 16.6

Senior Notes and Other Debt (Sc

Senior Notes and Other Debt (Scheduled Maturities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
2020	$ 884,394
2021	520,787
2022	1,302,824
2023	1,621,513
2024	1,585,025
Thereafter	6,331,259
Total maturities	12,245,802
Line of Credit Facility and Commercial Paper Program amount outstanding	581,900
Unrestricted cash and cash equivalents	$ 106,363	$ 72,277
Minimum percentage of total unencumbered assets as a percentage of unsecured debt required to be maintained (as a percent)	150.00%
Unsecured Revolving Credit Facility and Commercial Paper
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
2020	$ 567,450
2021	120,787
2022	0
2023	0
2024	0
Thereafter	0
Total maturities	688,237
Principal Amount Due at Maturity
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
2020	276,653
2021	361,046
2022	1,269,661
2023	1,602,104
2024	1,571,967
Thereafter	6,243,430
Total maturities	11,324,861
Scheduled Periodic Amortization
Scheduled maturities of borrowing arrangements and other provisions excluding capital lease obligations
2020	40,291
2021	38,954
2022	33,163
2023	19,409
2024	13,058
Thereafter	87,829
Total maturities	$ 232,704

Senior Notes and Other Debt (De

Senior Notes and Other Debt (Derivatives and Hedging (Details) - Dec. 31, 2019 - Swap $ in Millions, $ in Millions	USD ($)	CAD ($)
Variable Rate Debt
Derivative [Line Items]
Variable rate debt amount	$ 2,000
Derivative, Notional Amount	147.8
Fixed Rate Debt
Derivative [Line Items]
Derivative, Notional Amount	505.1	$ 119.8
Long-term Debt, Percentage Bearing Fixed Interest, Amount	$ 10,300

Fair Values of Financial Inst_3

Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents	$ 106,363	$ 72,277
Escrow deposits and restricted cash	39,739	59,187
Non-mortgage loans receivable, net	63,724	54,164
Debt Securities, Available-for-sale	237,360	206,442
Liabilities:
Long-term debt and short-term borrowings, gross	12,245,802	10,829,702
Redeemable OP Units, fair value	171,200	174,600
Non-Mortgage Loan Receivable
Assets:
Non-mortgage loans receivable, net	63,724	54,164
Non-mortgage loans receivable, fair value	63,538	54,081
Commercial Mortgage Backed Securities
Assets:
Debt Securities, Held-to-maturity	645,546	439,491
Debt Securities, Held-to-maturity, Fair Value	646,925	425,290
Government-Sponsored Pooled Loan Investments
Assets:
Debt Securities, Available-for-sale	59,066	56,378
Carrying Amount
Assets:
Cash and cash equivalents	106,363	72,277
Escrow deposits and restricted cash	39,739	59,187
Derivative asset	738	6,012
Liabilities:
Long-term debt and short-term borrowings, gross	12,245,802	10,829,702
Derivative Liability	12,987	4,561
Redeemable OP Units, carrying amount	171,178	174,552
Carrying Amount \| Non-Mortgage Loan Receivable
Assets:
Non-mortgage loans receivable, net	63,724	54,164
Carrying Amount \| Commercial Mortgage Backed Securities
Assets:
Debt Securities, Held-to-maturity	645,546	439,491
Carrying Amount \| Debt Securities
Assets:
Debt Securities, Available-for-sale	237,360	206,442
Carrying Amount \| Government-Sponsored Pooled Loan Investments
Assets:
Debt Securities, Available-for-sale	59,066	56,378
Fair Value
Assets:
Cash and cash equivalents, fair value	106,363	72,277
Escrow deposits and restricted cash	39,739	59,187
Derivative asset	738	6,012
Liabilities:
Long-term debt and short-term borrowings, fair value	12,778,758	10,617,074
Derivative Liability	12,987	4,561
Redeemable OP Units, fair value	171,178	174,552
Fair Value \| Non-Mortgage Loan Receivable
Assets:
Non-mortgage loans receivable, fair value	63,538	54,081
Fair Value \| Commercial Mortgage Backed Securities
Assets:
Debt Securities, Held-to-maturity, Fair Value	646,925	425,290
Fair Value \| Debt Securities
Assets:
Debt Securities, Available-for-sale	237,360	206,442
Fair Value \| Government-Sponsored Pooled Loan Investments
Assets:
Debt Securities, Available-for-sale	$ 59,066	$ 56,378

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	12 Months Ended
Stock-Based Compensation (Details)	Dec. 31, 2019USD ($)plan$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)
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
Stock Option, Intrinsic Value
Proceeds from stock option exercises \| $	$ 36,179,000	$ 8,762,000	$ 16,287,000
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 \| $	$ 1,500,000	$ 1,500,000	1,400,000
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for future issuance	2,900,000
Number of shares authorized for issuance	3,000,000
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%
Stock Options
Stock Option, Shares
Outstanding at the beginning of the period (in shares)	4,783,000
Granted (in shares)	0
Options exercised (in shares)	(700,000)
Options forfeited (in shares)	(6,000)
Options exercised (in shares)	0
Outstanding at the end of the period (in shares)	4,077,000	4,783,000
Exercisable at the end of the period (in shares)	4,014,000
Stock Option, Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 59.20
Options granted (in dollars per share) \| $ / shares	0
Options exercised (in dollars per share) \| $ / shares	0
Options exercised (in dollars per share) \| $ / shares	51.68
Options forfeited (in dollars per share) \| $ / shares	60.50
Outstanding at the end of the period (in dollars per share) \| $ / shares	60.49	$ 59.20
Exercisable at the end of the period (in dollars per share) \| $ / shares	$ 60.49
Stock Option, Weighted Average Remaining Contractual Life (years)
Outstanding at the end of the period (in years)	5 years 8 months 12 days
Exercisable at the end of the period (in years)	5 years 8 months 12 days
Stock Option, Intrinsic Value
Outstanding at the end of the period \| $	$ 7,379,000
Exercisable at the end of the period \| $	7,415,000
Proceeds from stock option exercises \| $	36,100,000	$ 8,800,000	16,300,000
Intrinsic value for options exercised \| $	12,300,000	3,100,000	7,000,000
Deferred income tax expense (benefit) \| $	0
Stock Options \| General, administrative and professional fees
Stock Option, Intrinsic Value
Compensation cost \| $	300,000	2,600,000	4,800,000
Restricted Stock or Restricted Stock Units
Stock Option, Intrinsic Value
Unrecognized compensation cost related to nonvested awards \| $	$ 15,100,000
Weighted average period over which cost is recognized (in years)	1 year 7 months 28 days
Nonvested Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
Intrinsic value for options vested during period \| $	$ 31,600,000	15,500,000	16,600,000
Restricted Stock or Restricted Stock Units \| General, administrative and professional fees
Stock Option, Intrinsic Value
Compensation cost \| $	$ 33,600,000	$ 27,300,000	$ 21,700,000
Restricted Stock
Nonvested Restricted Stock and Restricted Stock Units, Shares
Nonvested at the beginning of the period (in shares)	276,000
Granted (in shares)	143,000
Vested (in shares)	(149,000)
Forfeited (in shares)	(22,000)
Nonvested at the end of the period (in shares)	248,000	276,000
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	$ 53.64
Granted (in dollars per share) \| $ / shares	62.69
Vested (in dollars per share) \| $ / shares	54.20
Forfeited (in dollars per share) \| $ / shares	57.24
Nonvested at the end of the period (in dollars per share) \| $ / shares	$ 58.21	$ 53.64
Restricted Stock Units
Nonvested Restricted Stock and Restricted Stock Units, Shares
Nonvested at the beginning of the period (in shares)	628,000
Granted (in shares)	304,000
Vested (in shares)	(371,000)
Forfeited (in shares)	(22,000)
Nonvested at the end of the period (in shares)	539,000	628,000
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	$ 57.70
Granted (in dollars per share) \| $ / shares	59.85
Vested (in dollars per share) \| $ / shares	60.73
Forfeited (in dollars per share) \| $ / shares	53.69
Nonvested at the end of the period (in dollars per share) \| $ / shares	$ 56.99	$ 57.70
Minimum \| Restricted Stock or Restricted Stock Units
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
Maximum \| Restricted Stock or Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years
2006 Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for future issuance	0
2012 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for future issuance	3,000,000
Number of shares authorized for issuance	10,500,000
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 available for future issuance	600,000
Number of shares authorized for 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 available for future issuance	400,000
Number of shares authorized for issuance	600,000

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, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Tax treatment of distributions:
Ordinary income (in dollars per share)									$ 0	$ 0	$ 1.02814
Qualified ordinary income (in dollars per share)									0.12230	0.00375	0.00337
199A qualified business income									2.22898	2.97465	0
Long-term capital gain (in dollars per share)									0	0.05916	1.07836
Unrecaptured Section 1250 gain (in dollars per share)									0.03434	0.12244	0.21513
Tax treatment of non-dividend distributions									0.78438	0	0
Distribution reported for 1099-DIV purposes (in dollars per share)									3.17000	3.16000	2.32500
Common Stock, Dividends, Per Share, Declared, Taxable in Following Year	$ 0.79250									0.79250	0.79000
Less: Dividend declared in prior year and taxable in current year									(0.79250)	(0.79000)	0
Dividends declared per common share (in dollars per share)		$ (0.7925)	$ (0.7925)	$ (0.7925)	$ (0.7925)	$ (0.79)	$ (0.79)	$ (0.79)	$ (3.17000)	$ (3.16250)	$ (3.11500)
Provision (benefit) for income taxes
Current - Federal									$ (1,840)	$ (2,953)	$ (5,672)
Current - State									2,118	1,332	1,119
Deferred - Federal									(49,532)	(32,492)	(54,396)
Deferred - State									(3,353)	(825)	3,237
Current - Foreign									2,335	1,892	2,307
Deferred - Foreign									(6,038)	(6,907)	(6,394)
Income tax benefit									$ (56,310)	$ (39,953)	$ (59,799)

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
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	$ 77,803	$ 80,811	$ 204,742
State income taxes, net of federal benefit	2,341	(253)	(1,115)
Change in valuation allowance from ordinary operations	(47,227)	(5,451)	8,237
Decrease in ASC 740 income tax liability	0	(4,347)	(4,750)
Tax at statutory rate on earnings not subject to federal income taxes	(90,862)	(89,947)	(231,379)
Foreign rate differential and foreign taxes	1,407	1,924	6,407
Change in tax status of TRS	(52)	359	(690)
Effect of the 2017 Tax Act	0	(23,160)	(41,212)
Other differences	280	111	(39)
Income tax benefit	$ (56,310)	$ (39,953)	$ (59,799)

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, 2019	Dec. 31, 2018	Dec. 31, 2017
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	$ (257,373)	$ (269,758)	$ (300,395)
Operating loss and interest deduction carryforwards	136,771	133,243	146,732
Expense accruals and other	7,380	11,910	12,890
Valuation allowance	(40,114)	(80,614)	(109,319)
Deferred tax assets, net	0	(922)	14,752
Deferred Tax Liabilities, Net	153,336	205,219	250,092
Research and Innovation Center
Income Tax Examination [Line Items]
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets	0	0	19,262
Other Segments [Member]
Income Tax Examination [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	$ 0	$ 922	$ 4,510

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Summary of activities related to unrecognized tax benefits
Balance at the beginning of the period	$ 12,344,000	$ 16,765,000
Additions to tax positions related to prior years	178,000	207,000
Subtractions to tax positions related to prior years	(395,000)	(1,720,000)
Subtractions to tax positions as a result of the lapse of the statute of limitations	0	(2,908,000)
Balance at the end of the period	12,127,000	12,344,000
Unrecognized tax benefits that, if recognized, would reduce annual effective tax rate	10,700,000	$ 10,600,000
Unrecognized tax benefits, interest accrued	0		$ 0	$ 0
Unrecognized tax benefits, penalties accrued	0		$ 0	$ 0
Expected decrease in unrecognized tax benefits during next fiscal year	$ 0

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	12 Months Ended
Income Taxes (Narrative) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
REIT distribution requirement (as a percent)	90.00%	90.00%	90.00%
Tax Cuts and Jobs Act of 2017, income tax expense (Benefit)			$ (64,500,000)
Increase (decrease) in net deferred tax liability	$ (51,900,000)	$ (44,800,000)	(66,500,000)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ (57,700,000)
Period in which assets disposition subject to built in gains tax	5 years
Net operating loss carryforward related to TRS entities	$ 858,600,000	910,700,000	973,400,000
Difference in bases for entity not subject to income taxes	3,500,000,000	3,800,000,000
Unrecognized tax benefits, income tax penalties and interest accrued	0
Taxable Reit Subsidiaries
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, valuation allowance	21,200,000	55,100,000	67,100,000
Tax credit carryforward	12,600,000
Net Operating Losses more likely than not to be realized [Member]
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ (57,700,000)
Interest Expense Limitation due to Tax Cuts and Jobs Act of 2017
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ (23,200,000)	$ 23,300,000

Income Taxes Subsequent Event (

Income Taxes Subsequent Event (Details) $ in Millions	Mar. 31, 2020USD ($)
Subsequent Event
Subsequent Event [Line Items]
Deferred tax assets, deferred income	$ 152

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Other Commitments [Line Items]
Operating lease, weighted average discount rate, percent	7.25%
Operating lease, weighted average remaining lease term	41 years 9 months 18 days
Operating lease, payments	$ 25,800	$ 26,700
Future minimum lease obligations under non-cancelable operating and ground leases
2020	24,395
2021	56,948
2022	28,023
2023	19,322
2024	18,398
Thereafter	644,996
Total undiscounted minimum lease payments	792,082
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(540,886)
Operating lease liabilities	251,196	0
General, administrative and professional fees
Other Commitments [Line Items]
Operating leases, rent expense	$ 32,600	$ 32,300

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, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator for basic and diluted earnings per share:
Income from continuing operations	$ 12,893	$ 86,918	$ 211,898	$ 127,588	$ 63,302	$ 103,281	$ 169,300	$ 80,108	$ 439,297	$ 415,991	$ 1,361,222
Discontinued operations					0	0	0	(10)	0	(10)	(110)
Net income	12,893	86,918	211,898	127,588	63,302	103,281	169,300	80,098	439,297	415,981	1,361,112
Net income attributable to noncontrolling interests	1,450	1,659	1,369	1,803	1,029	1,309	2,781	1,395	6,281	6,514	4,642
Net income attributable to common stockholders	$ 11,443	$ 85,259	$ 210,529	$ 125,785	$ 62,273	$ 101,972	$ 166,519	$ 78,703	$ 433,016	$ 409,467	$ 1,356,470
Denominator for basic earnings per share—weighted average shares
Denominator for basic earnings per share - weighted average shares (in shares)									365,977	356,265	355,326
Stock options									391	174	494
Restricted stock awards									527	331	265
OP unitholder interests									2,991	2,531	2,481
Denominator for diluted earnings per share - adjusted weighted average shares (in shares)									369,886	359,301	358,566
Basic earnings per share:
Income from continuing operations (USD per share)	$ 0.03	$ 0.23	$ 0.59	$ 0.36	$ 0.18	$ 0.29	$ 0.48	$ 0.22	$ 1.20	$ 1.17	$ 3.83
Net income attributable to common stockholders (USD per share)	0.03	0.23	0.58	0.35	0.17	0.29	0.47	0.22	1.18	1.15	3.82
Diluted earnings per share:
Income from continuing operations (USD per share)	0.03	0.23	0.58	0.35	0.18	0.29	0.47	0.22	1.19	1.16	3.80
Net income attributable to common stockholders (USD per share)	$ 0.03	$ 0.23	$ 0.58	$ 0.35	$ 0.17	$ 0.28	$ 0.46	$ 0.22	$ 1.17	$ 1.14	$ 3.78
Anti-dilutive options outstanding (in shares)									1,100	3,500	3,000

Permanent and Temporary Equit_2

Permanent and Temporary Equity (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Equity offering [Line Items]
Common Stock outstanding percentage of beneficial ownership acquired threshold for excess shares		9.00%
Preferred stock outstanding percentage of beneficial ownership acquired threshold for excess shares		9.90%
Maximum Deferral Payment Period of Purchase Price for Excess Shares		5 years
number of excess shares held by trustee		0
At-the-market equity offering program
Equity offering [Line Items]
Equity offering program, authorized offering amount		$ 1,000
Stock issued during period, shares, new issues		2,700,000	0	1,100,000
Shares issued, price per share		$ 66.75
Equity offering program, remaining authorized offering amount		$ 822.1
June 2019 Registered Public Offering
Equity offering [Line Items]
Stock issued during period, shares, new issues	12,700,000
Shares issued, price per share	$ 62.75

Permanent and Temporary Equit_3

Permanent and Temporary Equity Permanent and Temporary Equity (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Foreign currency translation	$ (51,743)	$ (55,016)
Available for sale securities	27,380	15,746
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax	(10,201)	19,688
Accumulated other comprehensive loss	$ (34,564)	$ (19,582)

Permanent and Temporary Equit_4

Permanent and Temporary Equity (Redeemable OP Unitholder and Noncontrolling Interest) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Increase (Decrease) in Temporary Equity [Roll Forward]
December 31, 2018	$ 188,141
New issuances	81,181
Change in valuation	15,119
Distributions and other	(9,298)
Redemptions	(1,465)
December 31, 2019	273,678
Non- controlling Interests
Increase (Decrease) in Temporary Equity [Roll Forward]
December 31, 2018	13,589
New issuances	81,181
Change in valuation	7,730
Distributions and other	0
Redemptions	0
December 31, 2019	102,500
General Partner
Increase (Decrease) in Temporary Equity [Roll Forward]
December 31, 2018	174,552
New issuances	0
Change in valuation	7,389
Distributions and other	(9,298)
Redemptions	(1,465)
December 31, 2019	$ 171,178

Related Party Transactions (Det

Related Party Transactions (Details)	1 Months Ended	12 Months Ended
Related Party Transactions (Details)	Jan. 31, 2018USD ($)property	Dec. 31, 2019USD ($)propertyboard_member	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Related party transaction
Number of real estate properties \| property		1,200
Atria
Related party transaction
Ownership interests in properties accounted for under the equity method		34.00%
Number of board members appointed \| board_member		2
Number of board members \| board_member		6
Ardent
Related party transaction
Ownership interests in properties accounted for under the equity method		9.80%
Number of board members appointed \| board_member		1
Number of board members \| board_member		11
Elmcroft Senior Living
Related party transaction
Derecognition of straight line rent receivable	$ 75,200,000
Derecognition of straight line rent receivable offsetting reserve	75,200,000
Eclipse Senior Living
Related party transaction
Ownership interests in properties accounted for under the equity method		34.00%
Number of board members appointed \| board_member		2
Number of board members \| board_member		6
Transaction costs		$ 8,200,000	$ 23,600,000
Consideration transferred	$ 0
Remaining ownership percentage retained by investee		66.00%
Eclipse Senior Living
Related party transaction
Related party fees		$ 14,600,000	12,900,000
Eclipse Senior Living \| Seniors Housing Communities
Related party transaction
Number of real estate properties \| property	76
Atria
Related party transaction
Related party fees		62,100,000	60,100,000	$ 59,700,000
Ardent
Related party transaction
Revenue from related parties		$ 118,800,000	$ 114,800,000	$ 110,800,000
Ardent \| Triple Net Leased Properties
Related party transaction
Number of real estate properties \| property		10

Quarterly Financial Informati_3

Quarterly Financial Information (Unaudited) (Summarized Unaudited Consolidated Quarterly Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 996,004	$ 983,155	$ 950,717	$ 942,874	$ 923,263	$ 936,538	$ 942,304	$ 943,705	$ 3,872,750	$ 3,745,810	$ 3,574,149
Income from continuing operations	12,893	86,918	211,898	127,588	63,302	103,281	169,300	80,108	439,297	415,991	1,361,222
Discontinued operations					0	0	0	(10)	0	(10)	(110)
Net income	12,893	86,918	211,898	127,588	63,302	103,281	169,300	80,098	439,297	415,981	1,361,112
Net income attributable to noncontrolling interests	1,450	1,659	1,369	1,803	1,029	1,309	2,781	1,395	6,281	6,514	4,642
Net income attributable to common stockholders	$ 11,443	$ 85,259	$ 210,529	$ 125,785	$ 62,273	$ 101,972	$ 166,519	$ 78,703	$ 433,016	$ 409,467	$ 1,356,470
Basic:
Income from continuing operations (USD per share)	$ 0.03	$ 0.23	$ 0.59	$ 0.36	$ 0.18	$ 0.29	$ 0.48	$ 0.22	$ 1.20	$ 1.17	$ 3.83
Net income attributable to common stockholders (USD per share)	0.03	0.23	0.58	0.35	0.17	0.29	0.47	0.22	1.18	1.15	3.82
Diluted:
Income from continuing operations (USD per share)	0.03	0.23	0.58	0.35	0.18	0.29	0.47	0.22	1.19	1.16	3.80
Net income attributable to common stockholders (USD per share)	0.03	0.23	0.58	0.35	0.17	0.28	0.46	0.22	1.17	1.14	3.78
Dividends declared per common share (in dollars per share)		$ 0.7925	$ 0.7925	$ 0.7925	$ 0.7925	$ 0.79	$ 0.79	$ 0.79	$ 3.17000	3.16250	3.11500
Common Stock, Dividends, Per Share, Declared, Taxable in Following Year	$ 0.79250									$ 0.79250	$ 0.79000

Segment Information (Narrative)

Segment Information (Narrative) (Details)	12 Months Ended
Segment Information (Narrative) (Details)	Dec. 31, 2019USD ($)segment	Dec. 31, 2018segment	Dec. 31, 2017segment
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, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues
Rental income									$ 1,609,876	$ 1,513,807	$ 1,593,598
Income from loans and investments									89,201	124,218	117,608
Interest and other income									10,984	24,892	6,034
Total revenues	$ 996,004	$ 983,155	$ 950,717	$ 942,874	$ 923,263	$ 936,538	$ 942,304	$ 943,705	3,872,750	3,745,810	3,574,149
Less:
Interest and other income									10,984	24,892	6,034
Property-level operating expenses									1,808,208	1,689,880	1,483,072
Office building services costs									2,319	1,418	3,391
Segment NOI									2,051,239	2,029,620	2,081,652
Interest and other income									10,984	24,892	6,034
Interest expense									(451,662)	(442,497)	(448,196)
Depreciation and amortization									1,045,620	919,639	887,948
General, administrative and professional fees									(165,996)	(151,982)	(135,490)
Loss on extinguishment of debt, net									(41,900)	(58,254)	(754)
Merger-related expenses and deal costs									(15,235)	(30,547)	(10,535)
Other											(20,052)
Loss from unconsolidated entities									(2,464)	(55,034)	(3,588)
Gain on real estate dispositions									26,022	46,247	717,273
Income tax benefit									56,310	39,953	59,799
Income from continuing operations									439,297	415,991	1,361,222
Other Nonoperating Income (Expense)									17,609	(66,768)	(20,052)
Discontinued operations					0	0	0	(10)	0	(10)	(110)
Net income	12,893	86,918	211,898	127,588	63,302	103,281	169,300	80,098	439,297	415,981	1,361,112
Net income attributable to noncontrolling interests	1,450	1,659	1,369	1,803	1,029	1,309	2,781	1,395	6,281	6,514	4,642
Net income attributable to common stockholders	$ 11,443	$ 85,259	$ 210,529	$ 125,785	$ 62,273	$ 101,972	$ 166,519	$ 78,703	433,016	409,467	1,356,470
Operating Segments \| Triple Net Leased Properties
Revenues
Rental income									780,898	737,796	840,131
Income from loans and investments									0	0	0
Interest and other income									0	0	0
Total revenues									780,898	740,318	844,711
Less:
Interest and other income									0	0	0
Property-level operating expenses									26,561	0	0
Office building services costs									0	0	0
Segment NOI									754,337	740,318	844,711
Interest and other income									0	0	0
Operating Segments \| Senior Living Operations
Revenues
Rental income									0	0	0
Income from loans and investments									0	0	0
Interest and other income									0	0	0
Total revenues									2,151,533	2,069,477	1,843,232
Less:
Interest and other income									0	0	0
Property-level operating expenses									1,521,398	1,446,201	1,250,065
Office building services costs									0	0	0
Segment NOI									630,135	623,276	593,167
Interest and other income									0	0	0
Operating Segments \| Office Operations
Revenues
Rental income									828,978	776,011	753,467
Income from loans and investments									0	0	0
Interest and other income									0	0	0
Total revenues									836,725	783,603	760,964
Less:
Interest and other income									0	0	0
Property-level operating expenses									260,249	243,679	233,007
Office building services costs									2,319	1,418	3,391
Segment NOI									574,157	538,506	524,566
Interest and other income									0	0	0
All Other
Revenues
Rental income									0	0	0
Income from loans and investments									89,201	124,218	117,608
Interest and other income									10,984	24,892	6,034
Total revenues									103,594	152,412	125,242
Less:
Interest and other income									10,984	24,892	6,034
Property-level operating expenses									0	0	0
Office building services costs									0	0	0
Segment NOI									92,610	127,520	119,208
Interest and other income									10,984	24,892	6,034
Resident Fees and Services
Revenues
Revenue from contracts with customers									2,151,533	2,069,477	1,843,232
Resident Fees and Services \| Operating Segments \| Triple Net Leased Properties
Revenues
Revenue from contracts with customers									0	0	0
Resident Fees and Services \| Operating Segments \| Senior Living Operations
Revenues
Revenue from contracts with customers									2,151,533	2,069,477	1,843,232
Resident Fees and Services \| Operating Segments \| Office Operations
Revenues
Revenue from contracts with customers									0	0	0
Resident Fees and Services \| All Other
Revenues
Revenue from contracts with customers									0	0	0
Office Building and Other Services Revenue
Revenues
Revenue from contracts with customers									11,156	13,416	13,677
Office Building and Other Services Revenue \| Operating Segments \| Triple Net Leased Properties
Revenues
Revenue from contracts with customers									0	2,522	4,580
Office Building and Other Services Revenue \| Operating Segments \| Senior Living Operations
Revenues
Revenue from contracts with customers									0	0	0
Office Building and Other Services Revenue \| Operating Segments \| Office Operations
Revenues
Revenue from contracts with customers									7,747	7,592	7,497
Office Building and Other Services Revenue \| All Other
Revenues
Revenue from contracts with customers									$ 3,409	$ 3,302	$ 1,600

Segment Information (Assets) (D

Segment Information (Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Total assets	$ 24,692,208	$ 22,584,555
Percentage of total assets	100.00%	100.00%
Operating Segments \| Triple Net Leased Properties
Assets
Total assets	$ 6,381,657	$ 6,795,142
Percentage of total assets	25.80%	30.10%
Operating Segments \| Senior Living Operations
Assets
Total assets	$ 10,142,023	$ 8,156,187
Percentage of total assets	41.10%	36.10%
Operating Segments \| Office Operations
Assets
Total assets	$ 7,173,401	$ 6,772,957
Percentage of total assets	29.10%	30.00%
All Other
Assets
Total assets	$ 995,127	$ 860,269
Percentage of total assets	4.00%	3.80%

Segment Information (Capital Ex

Segment Information (Capital Expenditures) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information
Total capital expenditures	$ 1,518,772	$ 728,641	$ 1,096,327
Operating Segments \| Triple Net Leased Properties
Segment Reporting Information
Total capital expenditures	55,429	58,744	254,542
Operating Segments \| Senior Living Operations
Segment Reporting Information
Total capital expenditures	944,214	337,750	261,900
Operating Segments \| Office Operations
Segment Reporting Information
Total capital expenditures	$ 519,129	$ 332,147	$ 579,885

Segment Information (Geographic

Segment Information (Geographic Information) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue
Revenues	$ 996,004	$ 983,155	$ 950,717	$ 942,874	$ 923,263	$ 936,538	$ 942,304	$ 943,705	$ 3,872,750	$ 3,745,810	$ 3,574,149
Net real estate property:
Net real estate property	21,729,087				20,093,657				21,729,087	20,093,657
United States
Revenue
Revenues									3,578,341	3,524,875	3,361,682
Net real estate property:
Net real estate property	18,631,352				18,861,163				18,631,352	18,861,163
Canada
Revenue
Revenues									266,946	192,350	186,049
Net real estate property:
Net real estate property	2,830,850				963,588				2,830,850	963,588
United Kingdom
Revenue
Revenues									27,463	28,585	$ 26,418
Net real estate property:
Net real estate property	$ 266,885				$ 268,906				$ 266,885	$ 268,906

Condensed Consolidating Infor_3

Condensed Consolidating Information (Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Assets
Net real estate investments	$ 22,478,721	$ 20,637,904
Cash and cash equivalents	106,363	72,277
Escrow deposits and restricted cash	39,739	59,187
Investment in and advances to affiliates	0	0
Goodwill	1,051,161	1,050,548
Assets held for sale	91,433	5,454
Deferred income tax assets, net	47,495	0
Other assets	877,296	759,185
Total assets	24,692,208	22,584,555
Senior notes payable and other debt	12,158,773	10,733,699
Liabilities:
Senior notes payable and other debt	12,158,773	10,733,699
Intercompany loans	0	0
Accrued interest	111,115	99,667
Operating lease liabilities	251,196	0
Accounts payable and other liabilities	1,145,700	1,086,030
Liabilities related to assets held for sale	5,463	205
Deferred income tax liabilities, net		205,219
Deferred income tax liabilities	200,831
Liabilities	13,873,078	12,124,820
Redeemable OP unitholder and noncontrolling interests	273,678	188,141
Total equity	10,545,452	10,271,594	$ 10,932,185	$ 10,528,753
Total liabilities and equity	24,692,208	22,584,555
Consolidated Elimination
Assets
Net real estate investments	0	0
Cash and cash equivalents	0	0
Escrow deposits and restricted cash	0	0
Investment in and advances to affiliates	(18,503,007)	(18,382,790)
Goodwill	0	0
Assets held for sale	0	0
Deferred income tax assets, net	0
Other assets	0	0
Total assets	(18,503,007)	(18,382,790)
Senior notes payable and other debt	0	0
Liabilities:
Intercompany loans	0	0
Accrued interest	0	0
Operating lease liabilities	0
Accounts payable and other liabilities	0	0
Liabilities related to assets held for sale	0	0
Deferred income tax liabilities, net		0
Deferred income tax liabilities	0
Liabilities	0	0
Redeemable OP unitholder and noncontrolling interests	0	0
Total equity	(18,503,007)	(18,382,790)
Total liabilities and equity	(18,503,007)	(18,382,790)
Ventas, Inc.
Assets
Net real estate investments	14,714	3,598
Cash and cash equivalents	1,904	6,470
Escrow deposits and restricted cash	1,205	4,211
Investment in and advances to affiliates	15,774,897	15,656,592
Goodwill	0	0
Assets held for sale	0	0
Deferred income tax assets, net	0
Other assets	83,190	45,989
Total assets	15,875,910	15,716,860
Senior notes payable and other debt	0	0
Liabilities:
Intercompany loans	8,789,600	8,580,896
Accrued interest	(14,522)	(9,953)
Operating lease liabilities	14,498
Accounts payable and other liabilities	342,828	319,753
Liabilities related to assets held for sale	0	0
Deferred income tax liabilities, net		608
Deferred income tax liabilities	1,329
Liabilities	9,133,733	8,891,304
Redeemable OP unitholder and noncontrolling interests	102,657	13,746
Total equity	6,639,520	6,811,810
Total liabilities and equity	15,875,910	15,716,860
Ventas Realty
Assets
Net real estate investments	108,533	112,691
Cash and cash equivalents	0	0
Escrow deposits and restricted cash	128	128
Investment in and advances to affiliates	2,728,110	2,726,198
Goodwill	0	0
Assets held for sale	0	0
Deferred income tax assets, net	0
Other assets	1,499	4,443
Total assets	2,838,270	2,843,460
Senior notes payable and other debt	8,352,384	8,620,867
Liabilities:
Intercompany loans	(5,105,070)	(5,629,764)
Accrued interest	94,874	85,717
Operating lease liabilities	519
Accounts payable and other liabilities	20,360	19,178
Liabilities related to assets held for sale	0	0
Deferred income tax liabilities, net		0
Deferred income tax liabilities	0
Liabilities	3,363,067	3,095,998
Redeemable OP unitholder and noncontrolling interests	0	0
Total equity	(524,797)	(252,538)
Total liabilities and equity	2,838,270	2,843,460
Ventas Subsidiaries
Assets
Net real estate investments	22,355,474	20,521,615
Cash and cash equivalents	104,459	65,807
Escrow deposits and restricted cash	38,406	54,848
Investment in and advances to affiliates	0	0
Goodwill	1,051,161	1,050,548
Assets held for sale	91,433	5,454
Deferred income tax assets, net	47,495
Other assets	792,607	708,753
Total assets	24,481,035	22,407,025
Senior notes payable and other debt	3,806,389	2,112,832
Liabilities:
Intercompany loans	(3,684,530)	(2,951,132)
Accrued interest	30,763	23,903
Operating lease liabilities	236,179
Accounts payable and other liabilities	782,512	747,099
Liabilities related to assets held for sale	5,463	205
Deferred income tax liabilities, net		204,611
Deferred income tax liabilities	199,502
Liabilities	1,376,278	137,518
Redeemable OP unitholder and noncontrolling interests	171,021	174,395
Total equity	22,933,736	22,095,112
Total liabilities and equity	$ 24,481,035	$ 22,407,025

Condensed Consolidating Infor_4

Condensed Consolidating Information (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues
Rental income									$ 1,609,876	$ 1,513,807	$ 1,593,598
Income from loans and investments									89,201	124,218	117,608
Income from loans and investments									89,201	124,218	117,608
Equity earnings in affiliates									0	0	0
Interest and other income									10,984	24,892	6,034
Revenues	$ 996,004	$ 983,155	$ 950,717	$ 942,874	$ 923,263	$ 936,538	$ 942,304	$ 943,705	3,872,750	3,745,810	3,574,149
Expenses
Interest									451,662	442,497	448,196
Depreciation and amortization									1,045,620	919,639	887,948
Property-level operating expenses									1,808,208	1,689,880	1,483,072
Office building services costs									2,319	1,418	3,391
General, administrative and professional fees									165,996	151,982	135,490
Loss on extinguishment of debt, net									(41,900)	(58,254)	(754)
Merger-related expenses and deal costs									15,235	30,547	10,535
Other									(17,609)	66,768	20,052
Total expenses									3,513,331	3,360,985	2,989,438
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest									359,419	384,825	584,711
Loss from unconsolidated entities									(2,454)	(55,034)	(561)
Gain on real estate dispositions									26,022	46,247	717,273
Income tax benefit									56,310	39,953	59,799
Income from continuing operations	12,893	86,918	211,898	127,588	63,302	103,281	169,300	80,108	439,297	415,991	1,361,222
Discontinued operations					0	0	0	(10)	0	(10)	(110)
Net income	12,893	86,918	211,898	127,588	63,302	103,281	169,300	80,098	439,297	415,981	1,361,112
Net (loss) income attributable to noncontrolling interest, net of tax	1,450	1,659	1,369	1,803	1,029	1,309	2,781	1,395	6,281	6,514	4,642
Net income attributable to common stockholders	$ 11,443	$ 85,259	$ 210,529	$ 125,785	$ 62,273	$ 101,972	$ 166,519	$ 78,703	433,016	409,467	1,356,470
Consolidated Elimination
Revenues
Rental income									0	0	0
Income from loans and investments									0	0
Income from loans and investments											0
Equity earnings in affiliates									(359,674)	(306,068)	(1,265,751)
Interest and other income									0	0	0
Revenues									(359,674)	(306,068)	(1,265,751)
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
Total expenses									0	0	0
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest									(359,674)	(306,068)	(1,265,751)
Loss from unconsolidated entities									0	0	0
Gain on real estate dispositions									0	0	0
Income tax benefit									0	0	0
Income from continuing operations									(359,674)	(306,068)	(1,265,751)
Discontinued operations										0	0
Net income									(359,674)	(306,068)	(1,265,751)
Net (loss) income attributable to noncontrolling interest, net of tax									0	0	0
Net income attributable to common stockholders									(359,674)	(306,068)	(1,265,751)
Ventas, Inc.
Revenues
Rental income									1,074	1,407	2,383
Income from loans and investments									2,812	1,640
Income from loans and investments											1,236
Equity earnings in affiliates									362,143	308,764	1,260,665
Interest and other income									214	23,802	5,388
Revenues									366,243	335,613	1,269,672
Expenses
Interest									(87,222)	(98,411)	(101,385)
Depreciation and amortization									5,686	5,425	5,483
Property-level operating expenses									0	0	0
Office building services costs									0	0	0
General, administrative and professional fees									6,512	(2,866)	2,040
Loss on extinguishment of debt, net									0	(355)	0
Merger-related expenses and deal costs									7,170	25,880	9,796
Other									2,077	4,881	2,247
Total expenses									(65,777)	(64,736)	(81,819)
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest									432,020	400,349	1,351,491
Loss from unconsolidated entities									0	0	0
Gain on real estate dispositions									930	6,653	0
Income tax benefit									66	2,475	5,089
Income from continuing operations									433,016	409,477	1,356,580
Discontinued operations										(10)	(110)
Net income									433,016	409,467	1,356,470
Net (loss) income attributable to noncontrolling interest, net of tax									0	0	0
Net income attributable to common stockholders									433,016	409,467	1,356,470
Ventas Realty
Revenues
Rental income									142,562	139,043	178,165
Income from loans and investments									0	0
Income from loans and investments											0
Equity earnings in affiliates									0	0	0
Interest and other income									192	19	0
Revenues									142,754	139,062	178,165
Expenses
Interest									323,860	327,898	319,632
Depreciation and amortization									5,410	5,680	7,510
Property-level operating expenses									578	283	330
Office building services costs									0	0	0
General, administrative and professional fees									17,958	18,845	16,976
Loss on extinguishment of debt, net									(41,875)	(55,910)	(942)
Merger-related expenses and deal costs									0	0	0
Other									2	3	1
Total expenses									389,683	408,619	345,391
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest									(246,929)	(269,557)	(167,226)
Loss from unconsolidated entities									0	0	0
Gain on real estate dispositions									88	0	675,808
Income tax benefit									0	0	0
Income from continuing operations									(246,841)	(269,557)	508,582
Discontinued operations										0	0
Net income									(246,841)	(269,557)	508,582
Net (loss) income attributable to noncontrolling interest, net of tax									0	0	0
Net income attributable to common stockholders									(246,841)	(269,557)	508,582
Ventas Subsidiaries
Revenues
Rental income									1,466,240	1,373,357	1,413,050
Income from loans and investments									86,389	122,578
Income from loans and investments											116,372
Equity earnings in affiliates									(2,469)	(2,696)	5,086
Interest and other income									10,578	1,071	646
Revenues									3,723,427	3,577,203	3,392,063
Expenses
Interest									215,024	213,010	229,949
Depreciation and amortization									1,034,524	908,534	874,955
Property-level operating expenses									1,807,630	1,689,597	1,482,742
Office building services costs									2,319	1,418	3,391
General, administrative and professional fees									141,526	136,003	116,474
Loss on extinguishment of debt, net									(25)	(1,989)	188
Merger-related expenses and deal costs									8,065	4,667	739
Other									(19,688)	61,884	17,804
Total expenses									3,189,425	3,017,102	2,725,866
Income (loss) from continuing operations before equity method investments, real estate dispositions, income taxes and noncontrolling interest									534,002	560,101	666,197
Loss from unconsolidated entities									(2,454)	(55,034)	(561)
Gain on real estate dispositions									25,004	39,594	41,465
Income tax benefit									56,244	37,478	54,710
Income from continuing operations									612,796	582,139	761,811
Discontinued operations										0	0
Net income									612,796	582,139	761,811
Net (loss) income attributable to noncontrolling interest, net of tax									6,281	6,514	4,642
Net income attributable to common stockholders									606,515	575,625	757,169
Resident Fees and Services
Revenues
Revenue from contracts with customers									2,151,533	2,069,477	1,843,232
Resident Fees and Services \| Consolidated Elimination
Revenues
Revenue from contracts with customers									0	0	0
Resident Fees and Services \| Ventas, Inc.
Revenues
Revenue from contracts with customers									0	0	0
Resident Fees and Services \| Ventas Realty
Revenues
Revenue from contracts with customers									0	0	0
Resident Fees and Services \| Ventas Subsidiaries
Revenues
Revenue from contracts with customers									2,151,533	2,069,477	1,843,232
Office Building and Other Services Revenue
Revenues
Revenue from contracts with customers									11,156	13,416	13,677
Office Building and Other Services Revenue \| Consolidated Elimination
Revenues
Revenue from contracts with customers									0	0	0
Office Building and Other Services Revenue \| Ventas, Inc.
Revenues
Revenue from contracts with customers									0	0	0
Office Building and Other Services Revenue \| Ventas Realty
Revenues
Revenue from contracts with customers									0	0	0
Office Building and Other Services Revenue \| Ventas Subsidiaries
Revenues
Revenue from contracts with customers									$ 11,156	$ 13,416	$ 13,677

Condensed Consolidating Infor_5

Condensed Consolidating Information (Comprehensive Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net income	$ 12,893	$ 86,918	$ 211,898	$ 127,588	$ 63,302	$ 103,281	$ 169,300	$ 80,098	$ 439,297	$ 415,981	$ 1,361,112
Other comprehensive (loss) income:
Foreign currency translation									5,729	(9,436)	20,612
Unrealized gain (loss) on available for sale securities									11,634	14,944	(437)
Derivative instruments									(30,814)	10,030	2,239
Total other comprehensive (loss) income									(13,451)	15,538	22,414
Comprehensive income									425,846	431,519	1,383,526
Comprehensive income attributable to noncontrolling interests									7,649	6,514	4,642
Comprehensive income attributable to common stockholders									418,197	425,005	1,378,884
Consolidated Elimination
Condensed Financial Statements, Captions [Line Items]
Net income									(359,674)	(306,068)	(1,265,751)
Other comprehensive (loss) income:
Foreign currency translation									0	0	0
Unrealized gain (loss) on available for sale securities									0	0	0
Derivative instruments									0	0	0
Total other comprehensive (loss) income									0	0	0
Comprehensive income									(359,674)	(306,068)	(1,265,751)
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income attributable to common stockholders									(359,674)	(306,068)	(1,265,751)
Ventas, Inc.
Condensed Financial Statements, Captions [Line Items]
Net income									433,016	409,467	1,356,470
Other comprehensive (loss) income:
Foreign currency translation									0	0	0
Unrealized gain (loss) on available for sale securities									0	0	0
Derivative instruments									0	0	0
Total other comprehensive (loss) income									0	0	0
Comprehensive income									433,016	409,467	1,356,470
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income attributable to common stockholders									433,016	409,467	1,356,470
Ventas Realty
Condensed Financial Statements, Captions [Line Items]
Net income									(246,841)	(269,557)	508,582
Other comprehensive (loss) income:
Foreign currency translation									0	0	0
Unrealized gain (loss) on available for sale securities									0	0	0
Derivative instruments									0	0	0
Total other comprehensive (loss) income									0	0	0
Comprehensive income									(246,841)	(269,557)	508,582
Comprehensive income attributable to noncontrolling interests									0	0	0
Comprehensive income attributable to common stockholders									(246,841)	(269,557)	508,582
Ventas Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income									612,796	582,139	761,811
Other comprehensive (loss) income:
Foreign currency translation									5,729	(9,436)	20,612
Unrealized gain (loss) on available for sale securities									11,634	14,944	(437)
Derivative instruments									(30,814)	10,030	2,239
Total other comprehensive (loss) income									(13,451)	15,538	22,414
Comprehensive income									599,345	597,677	784,225
Comprehensive income attributable to noncontrolling interests										6,514	4,642
Comprehensive income attributable to common stockholders									$ 591,696	$ 591,163	$ 779,583

Condensed Consolidating Infor_6

Condensed Consolidating Information (Cash Flow Statement) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	$ 1,437,783	$ 1,381,467	$ 1,428,752
Cash flows from investing activities:
Net investment in real estate property	(958,125)	(265,907)	(664,684)
Investment in loans receivable	(1,258,187)	(229,534)	(748,119)
Proceeds from real estate disposals	147,855	353,792	859,874
Proceeds from loans receivable	1,017,309	911,540	101,097
Development project expenditures	(403,923)	(330,876)	(299,085)
Payments for Capital Improvements	156,724	131,858	132,558
Capital expenditures	(156,724)	(131,858)	(132,558)
Distributions from unconsolidated entities	172	57,455	6,169
Investment in unconsolidated entities	(3,855)	(47,007)	(61,220)
Insurance proceeds for property damage claims	30,179	6,891	1,419
Net cash provided by (used in) investing activities	(1,585,299)	324,496	(937,107)
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	(569,891)	321,463	384,783
Net change in borrowings under commercial paper program	565,524	0	0
Proceeds from debt	3,013,191	2,549,473	1,111,649
Repayment of debt	(2,623,916)	(3,465,579)	(1,369,084)
Purchase of noncontrolling interest		(4,724)	(15,809)
Net change in intercompany debt	0	0	0
Payment of deferred financing costs	(21,403)	(20,612)	(27,297)
Issuance of common stock, net	942,085	0	73,596
Cash distribution (to) from affiliates		0	0
Cash distribution to common stockholders	(1,157,720)	(1,127,143)	(827,285)
Cash distribution to redeemable OP unitholders	(9,218)	(7,459)	(5,677)
Payments for Repurchase of Other Equity	(2,203)	(1,370)	0
Purchases of redeemable OP units	(2,203)
Contributions from noncontrolling interests	6,282	1,883	4,402
Distributions to noncontrolling interests	(9,717)	(11,574)	(11,187)
Proceeds from stock option exercises	36,179	8,762	16,287
Other	(8,519)	(5,057)	(5,705)
Net cash provided by (used in) financing activities	160,674	(1,761,937)	(671,327)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	13,158	(55,974)	(179,682)
Effect of foreign currency translation	1,480	(815)	581
Effect of foreign currency translation	1,480	(815)	581
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	146,102	131,464	188,253	$ 367,354
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	0	0	0
Proceeds from real estate disposals	0	0	0
Proceeds from loans receivable	0	0	0
Development project expenditures	0	0	0
Payments for Capital Improvements	0	0
Capital expenditures			0
Distributions from unconsolidated entities	0	0	0
Investment in unconsolidated entities	0	0	0
Insurance proceeds for property damage claims	0	0	0
Net cash provided by (used in) investing activities	0	0	0
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	0	0	0
Net change in borrowings under commercial paper program	0
Proceeds from debt	0	0	0
Repayment of debt	0	0	0
Purchase of noncontrolling interest		0	0
Net change in intercompany debt	0	0	0
Payment of deferred financing costs	0	0	0
Issuance of common stock, net	0		0
Cash distribution (to) from affiliates		0	0
Cash distribution to common stockholders	0	0	0
Cash distribution to redeemable OP unitholders	0	0	0
Payments for Repurchase of Other Equity		0
Purchases of redeemable OP units	0
Contributions from noncontrolling interests	0	0	0
Distributions to noncontrolling interests	0	0	0
Proceeds from stock option exercises	0	0	0
Other	0	0	0
Net cash provided by (used in) financing activities	0	0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	0	0	0
Effect of foreign currency translation	0	0
Effect of foreign currency translation			0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	0	0	0	0
Ventas, Inc.
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	59,433	45,334	149,923
Cash flows from investing activities:
Net investment in real estate property	(235,807)	(265,907)	(635,352)
Investment in loans receivable	(21,799)	(4,307)	(4,633)
Proceeds from real estate disposals	147,546	353,792	859,587
Proceeds from loans receivable	60	1,490	47
Development project expenditures	(7,240)	0	0
Payments for Capital Improvements	0	0
Capital expenditures			0
Distributions from unconsolidated entities	0	0	0
Investment in unconsolidated entities	0	0	0
Insurance proceeds for property damage claims	0	0	0
Net cash provided by (used in) investing activities	(117,240)	85,068	219,649
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	0	0	0
Net change in borrowings under commercial paper program	0
Proceeds from debt	0	0	0
Repayment of debt	0	0	0
Purchase of noncontrolling interest		(8,271)	(15,809)
Net change in intercompany debt	225,407	1,468,811	1,003,315
Payment of deferred financing costs	0	0	0
Issuance of common stock, net	942,085		73,596
Cash distribution (to) from affiliates		(490,214)	(803,257)
Cash distribution to common stockholders	(1,157,720)	(1,127,143)	(827,285)
Cash distribution to redeemable OP unitholders	0	0	0
Payments for Repurchase of Other Equity		0
Purchases of redeemable OP units	0
Contributions from noncontrolling interests	0	0	0
Distributions to noncontrolling interests	0	0	0
Proceeds from stock option exercises	36,179	8,762	16,287
Other	(8,502)	(5,057)	(5,705)
Net cash provided by (used in) financing activities	37,449	(153,112)	(558,858)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(20,358)	(22,710)	(189,286)
Effect of foreign currency translation	12,786	(13,554)
Effect of foreign currency translation			28,442
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	3,109	10,681	46,945	207,789
Ventas Realty
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	(179,258)	(194,283)	(143,960)
Cash flows from investing activities:
Net investment in real estate property	0	0	0
Investment in loans receivable	0	0	0
Proceeds from real estate disposals	0	0	0
Proceeds from loans receivable	0	0	0
Development project expenditures	(790)	0	0
Payments for Capital Improvements	0	1,199
Capital expenditures			(726)
Distributions from unconsolidated entities	0	0	0
Investment in unconsolidated entities	0	0	0
Insurance proceeds for property damage claims	0	0	0
Net cash provided by (used in) investing activities	(790)	(1,199)	(726)
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	(577,996)	326,620	478,868
Net change in borrowings under commercial paper program	565,524
Proceeds from debt	1,793,154	2,309,141	793,904
Repayment of debt	(2,109,894)	(2,954,654)	(778,606)
Purchase of noncontrolling interest		0	0
Net change in intercompany debt	525,608	530,236	(917,917)
Payment of deferred financing costs	(16,348)	(15,861)	(20,450)
Issuance of common stock, net	0		0
Cash distribution (to) from affiliates		0	587,511
Cash distribution to common stockholders	0	0	0
Cash distribution to redeemable OP unitholders	0	0	0
Payments for Repurchase of Other Equity		0
Purchases of redeemable OP units	0
Contributions from noncontrolling interests	0	0	0
Distributions to noncontrolling interests	0	0	0
Proceeds from stock option exercises	0	0	0
Other	0	0	0
Net cash provided by (used in) financing activities	180,048	195,482	143,310
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	0	0	(1,376)
Effect of foreign currency translation	0	0
Effect of foreign currency translation			0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	128	128	128	1,504
Ventas Subsidiaries
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	1,557,608	1,530,416	1,422,789
Cash flows from investing activities:
Net investment in real estate property	(722,318)	0	(29,332)
Investment in loans receivable	(1,236,388)	(225,227)	(743,486)
Proceeds from real estate disposals	309	0	287
Proceeds from loans receivable	1,017,249	910,050	101,050
Development project expenditures	(395,893)	(330,876)	(299,085)
Payments for Capital Improvements	156,724	130,659
Capital expenditures			(131,832)
Distributions from unconsolidated entities	172	57,455	6,169
Investment in unconsolidated entities	(3,855)	(47,007)	(61,220)
Insurance proceeds for property damage claims	30,179	6,891	1,419
Net cash provided by (used in) investing activities	(1,467,269)	240,627	(1,156,030)
Cash flows from financing activities:
Net change in borrowings under revolving credit facilities	8,105	(5,157)	(94,085)
Net change in borrowings under commercial paper program	0
Proceeds from debt	1,220,037	240,332	317,745
Repayment of debt	(514,022)	(510,925)	(590,478)
Purchase of noncontrolling interest		3,547	0
Net change in intercompany debt	(751,015)	(1,999,047)	(85,398)
Payment of deferred financing costs	(5,055)	(4,751)	(6,847)
Issuance of common stock, net	0		0
Cash distribution (to) from affiliates		490,214	215,746
Cash distribution to common stockholders	0	0	0
Cash distribution to redeemable OP unitholders	(9,218)	(7,459)	(5,677)
Payments for Repurchase of Other Equity	(2,203)	(1,370)
Contributions from noncontrolling interests	6,282	1,883	4,402
Distributions to noncontrolling interests	(9,717)	(11,574)	(11,187)
Proceeds from stock option exercises	0	0	0
Other	(17)	0	0
Net cash provided by (used in) financing activities	(56,823)	(1,804,307)	(255,779)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	33,516	(33,264)	10,980
Effect of foreign currency translation	(11,306)	12,739
Effect of foreign currency translation			(27,861)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 142,865	$ 120,655	$ 141,180	$ 158,061

Schedule II_ Valuation and Qu_2

Schedule II: Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018		Dec. 31, 2017
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 132,928		$ 121,473
Charged to Earnings	(60,835)		15,747
Acquired Properties	3,515		0
Uncollectible Accounts Written-off	(7,533)		(3,237)
Disposed Properties	(1,585)		(1,055)
Balance at End of Year	66,490		132,928
Allowance for Doubtful Accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	15,164		11,637
Charged to Earnings	10,708		7,207
Acquired Properties	3,515		0
Uncollectible Accounts Written-off	(7,533)		(3,237)
Disposed Properties	(9)		(443)
Balance at End of Year	21,845		15,164
Straight-line Rent Receivable Allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	117,764		109,836
Charged to Earnings	(71,543)	[1]	8,540
Acquired Properties	0		0
Uncollectible Accounts Written-off	0		0
Disposed Properties	(1,576)		(612)
Balance at End of Year	$ 44,645		$ 117,764

[1]	(1) Amounts charged to earnings primarily relate to termination of lease arrangements with Elmcroft in January 2018.

Schedule III_ Real Estate and_2

Schedule III: Real Estate and Accumulated Depreciation (Rollforward) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Carrying cost:
Balance at beginning of period	$ 24,973,983	$ 24,712,478	$ 23,859,816
Additions during period:
Acquisitions	1,941,016	318,895	702,501
Capital expenditures	563,706	446,490	453,829
Deductions during period:
Foreign currency translation	107,508	105,192	93,490
Other	(460,490)	(398,688)	(397,158)
Balance at end of period	27,125,723	24,973,983	24,712,478
Accumulated depreciation:
Balance at beginning of period	5,492,310	4,802,917	4,208,010
Additions during period:
Depreciation expense	828,954	791,882	760,314
Dispositions:
Sales and/or transfers to assets held for sale	(136,093)	(84,819)	(176,918)
Foreign currency translation	12,755	(17,670)	11,511
Balance at end of period	$ 6,197,926	$ 5,492,310	$ 4,802,917

Schedule III_ Real Estate and_3

Schedule III: Real Estate and Accumulated Depreciation (Properties) (Details)	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Real Estate and Accumulated Depreciation
Encumbrances	$ 2,093,065,000
Initial Cost to Company
Land and Improvements	2,278,787,000
Buildings and Improvements	23,393,356,000
Costs Capitalized Subsequent to Acquisition	1,453,580,000
Gross Amount Carried at Close of Period
Land and Improvements	2,283,929,000
Buildings and Improvements	24,841,794,000
Total	27,125,723,000	$ 24,973,983,000	$ 24,712,478,000	$ 23,859,816,000
Accumulated Depreciation	6,197,926,000	$ 5,492,310,000	$ 4,802,917,000	$ 4,208,010,000
NBV	20,927,797,000
General Acute Care Hospitals
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	112,300,000
Buildings and Improvements	1,255,194,000
Costs Capitalized Subsequent to Acquisition	54,095,000
Gross Amount Carried at Close of Period
Land and Improvements	109,861,000
Buildings and Improvements	1,311,728,000
Total	1,421,589,000
Accumulated Depreciation	159,363,000
NBV	1,262,226,000
Specialty Hospitals [Member]
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	48,035,000
Buildings and Improvements	412,874,000
Costs Capitalized Subsequent to Acquisition	68,000
Gross Amount Carried at Close of Period
Land and Improvements	47,035,000
Buildings and Improvements	413,942,000
Total	460,977,000
Accumulated Depreciation	239,378,000
NBV	221,599,000
Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	1,450,240,000
Initial Cost to Company
Land and Improvements	1,594,669,000
Buildings and Improvements	15,238,274,000
Costs Capitalized Subsequent to Acquisition	932,063,000
Gross Amount Carried at Close of Period
Land and Improvements	1,608,280,000
Buildings and Improvements	16,156,726,000
Total	17,765,006,000
Accumulated Depreciation	4,280,453,000
NBV	13,484,553,000
Medical Office Buildings
Real Estate and Accumulated Depreciation
Encumbrances	390,573,000
Initial Cost to Company
Land and Improvements	384,350,000
Buildings and Improvements	4,260,601,000
Costs Capitalized Subsequent to Acquisition	355,020,000
Gross Amount Carried at Close of Period
Land and Improvements	379,826,000
Buildings and Improvements	4,620,145,000
Total	4,999,971,000
Accumulated Depreciation	1,296,854,000
NBV	3,703,117,000
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	25,298,000
Costs Capitalized Subsequent to Acquisition	4,899,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	30,197,000
Total	30,197,000
Accumulated Depreciation	11,335,000
NBV	$ 18,862,000
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	12,698,000
Costs Capitalized Subsequent to Acquisition	914,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	13,612,000
Total	13,612,000
Accumulated Depreciation	4,546,000
NBV	$ 9,066,000
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	7,608,000
Costs Capitalized Subsequent to Acquisition	1,732,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	9,340,000
Total	9,340,000
Accumulated Depreciation	3,867,000
NBV	$ 5,473,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Crestwood Medical Pavilion
Real Estate and Accumulated Depreciation
Encumbrances	$ 2,215,000
Initial Cost to Company
Land and Improvements	625,000
Buildings and Improvements	16,178,000
Costs Capitalized Subsequent to Acquisition	472,000
Gross Amount Carried at Close of Period
Land and Improvements	625,000
Buildings and Improvements	16,650,000
Total	17,275,000
Accumulated Depreciation	4,914,000
NBV	$ 12,361,000
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	3,348,000
Buildings and Improvements	5,233,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,348,000
Buildings and Improvements	5,233,000
Total	8,581,000
Accumulated Depreciation	1,306,000
NBV	$ 7,275,000
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	27,497,000
Costs Capitalized Subsequent to Acquisition	601,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	28,098,000
Total	28,098,000
Accumulated Depreciation	7,640,000
NBV	$ 20,458,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Mercy Gilbert Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	720,000
Buildings and Improvements	11,277,000
Costs Capitalized Subsequent to Acquisition	1,460,000
Gross Amount Carried at Close of Period
Land and Improvements	772,000
Buildings and Improvements	12,685,000
Total	13,457,000
Accumulated Depreciation	4,401,000
NBV	$ 9,056,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Mercy Gilbert II, 6831
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,033,000
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	18,610,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	18,610,000
Total	18,610,000
Accumulated Depreciation	281,000
NBV	$ 18,329,000
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	12,904,000
Costs Capitalized Subsequent to Acquisition	1,305,000
Gross Amount Carried at Close of Period
Land and Improvements	20,000
Buildings and Improvements	14,189,000
Total	14,209,000
Accumulated Depreciation	3,915,000
NBV	$ 10,294,000
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	8,100,000
Costs Capitalized Subsequent to Acquisition	839,000
Gross Amount Carried at Close of Period
Land and Improvements	20,000
Buildings and Improvements	8,919,000
Total	8,939,000
Accumulated Depreciation	2,544,000
NBV	$ 6,395,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Arrowhead Physicians Plaza, 6833
Real Estate and Accumulated Depreciation
Encumbrances	$ 10,186,000
Initial Cost to Company
Land and Improvements	308,000
Buildings and Improvements	19,671,000
Costs Capitalized Subsequent to Acquisition	65,000
Gross Amount Carried at Close of Period
Land and Improvements	308,000
Buildings and Improvements	19,736,000
Total	20,044,000
Accumulated Depreciation	762,000
NBV	$ 19,282,000
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	32,768,000
Costs Capitalized Subsequent to Acquisition	1,015,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	33,783,000
Total	33,783,000
Accumulated Depreciation	7,109,000
NBV	$ 26,674,000
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	11,923,000
Costs Capitalized Subsequent to Acquisition	1,271,000
Gross Amount Carried at Close of Period
Land and Improvements	4,000
Buildings and Improvements	13,190,000
Total	13,194,000
Accumulated Depreciation	3,501,000
NBV	$ 9,693,000
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	7,395,000
Costs Capitalized Subsequent to Acquisition	2,150,000
Gross Amount Carried at Close of Period
Land and Improvements	4,000
Buildings and Improvements	9,541,000
Total	9,545,000
Accumulated Depreciation	2,434,000
NBV	$ 7,111,000
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	13,665,000
Costs Capitalized Subsequent to Acquisition	1,991,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	15,656,000
Total	15,656,000
Accumulated Depreciation	4,406,000
NBV	$ 11,250,000
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	22,663,000
Costs Capitalized Subsequent to Acquisition	1,524,000
Gross Amount Carried at Close of Period
Land and Improvements	14,000
Buildings and Improvements	24,173,000
Total	24,187,000
Accumulated Depreciation	6,345,000
NBV	$ 17,842,000
Life on Which Depreciation in Income Statement is Computed	35 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	19,521,000
Costs Capitalized Subsequent to Acquisition	492,000
Gross Amount Carried at Close of Period
Land and Improvements	12,000
Buildings and Improvements	20,001,000
Total	20,013,000
Accumulated Depreciation	5,597,000
NBV	$ 14,416,000
Life on Which Depreciation in Income Statement is Computed	35 years
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	12,172,000
Costs Capitalized Subsequent to Acquisition	2,202,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	14,374,000
Total	14,374,000
Accumulated Depreciation	4,148,000
NBV	$ 10,226,000
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	2,800,000
Buildings and Improvements	10,150,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,800,000
Buildings and Improvements	10,150,000
Total	12,950,000
Accumulated Depreciation	1,898,000
NBV	$ 11,052,000
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	179,000
Buildings and Improvements	1,580,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	179,000
Buildings and Improvements	1,580,000
Total	1,759,000
Accumulated Depreciation	320,000
NBV	$ 1,439,000
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	1,241,000
Buildings and Improvements	23,322,000
Costs Capitalized Subsequent to Acquisition	2,094,000
Gross Amount Carried at Close of Period
Land and Improvements	1,268,000
Buildings and Improvements	25,389,000
Total	26,657,000
Accumulated Depreciation	8,022,000
NBV	$ 18,635,000
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	$ 32,328,000
Initial Cost to Company
Land and Improvements	491,000
Buildings and Improvements	45,641,000
Costs Capitalized Subsequent to Acquisition	586,000
Gross Amount Carried at Close of Period
Land and Improvements	497,000
Buildings and Improvements	46,221,000
Total	46,718,000
Accumulated Depreciation	12,661,000
NBV	$ 34,057,000
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	258,000
Buildings and Improvements	2,455,000
Costs Capitalized Subsequent to Acquisition	416,000
Gross Amount Carried at Close of Period
Land and Improvements	328,000
Buildings and Improvements	2,801,000
Total	3,129,000
Accumulated Depreciation	1,513,000
NBV	$ 1,616,000
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	25,088,000
Costs Capitalized Subsequent to Acquisition	1,415,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	26,503,000
Total	26,503,000
Accumulated Depreciation	5,328,000
NBV	$ 21,175,000
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	12,883,000
Buildings and Improvements	38,309,000
Costs Capitalized Subsequent to Acquisition	7,000
Gross Amount Carried at Close of Period
Land and Improvements	12,883,000
Buildings and Improvements	38,316,000
Total	51,199,000
Accumulated Depreciation	9,126,000
NBV	$ 42,073,000
Life on Which Depreciation in Income Statement is Computed	29 years
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	19,187,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	19,187,000
Total	19,187,000
Accumulated Depreciation	4,286,000
NBV	$ 14,901,000
Life on Which Depreciation in Income Statement is Computed	35 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	12,872,000
Costs Capitalized Subsequent to Acquisition	328,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	13,200,000
Total	13,200,000
Accumulated Depreciation	2,893,000
NBV	$ 10,307,000
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	8,880,000
Costs Capitalized Subsequent to Acquisition	39,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	8,919,000
Total	8,919,000
Accumulated Depreciation	1,988,000
NBV	$ 6,931,000
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	8,507,000
Costs Capitalized Subsequent to Acquisition	2,280,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	10,787,000
Total	10,787,000
Accumulated Depreciation	3,149,000
NBV	$ 7,638,000
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	1,873,000
Buildings and Improvements	10,156,000
Costs Capitalized Subsequent to Acquisition	224,000
Gross Amount Carried at Close of Period
Land and Improvements	1,873,000
Buildings and Improvements	10,380,000
Total	12,253,000
Accumulated Depreciation	2,076,000
NBV	$ 10,177,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Verdugo Hills Professional Bldg I, 6620 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,683,000
Buildings and Improvements	9,589,000
Costs Capitalized Subsequent to Acquisition	2,298,000
Gross Amount Carried at Close of Period
Land and Improvements	6,726,000
Buildings and Improvements	11,844,000
Total	18,570,000
Accumulated Depreciation	4,890,000
NBV	$ 13,680,000
Life on Which Depreciation in Income Statement is Computed	23 years
Medical Office Buildings \| Verdugo Hills Professional Bldg 2, 6621 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,464,000
Buildings and Improvements	3,731,000
Costs Capitalized Subsequent to Acquisition	2,809,000
Gross Amount Carried at Close of Period
Land and Improvements	4,514,000
Buildings and Improvements	6,490,000
Total	11,004,000
Accumulated Depreciation	3,408,000
NBV	$ 7,596,000
Life on Which Depreciation in Income Statement is Computed	19 years
Medical Office Buildings \| Grossmont Medical Terrace, 6830 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	88,000
Buildings and Improvements	14,192,000
Costs Capitalized Subsequent to Acquisition	322,000
Gross Amount Carried at Close of Period
Land and Improvements	88,000
Buildings and Improvements	14,514,000
Total	14,602,000
Accumulated Depreciation	1,872,000
NBV	$ 12,730,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Los Alamitos Medical & Wellness Pavilion, 6832 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 11,838,000
Initial Cost to Company
Land and Improvements	488,000
Buildings and Improvements	31,720,000
Costs Capitalized Subsequent to Acquisition	22,000
Gross Amount Carried at Close of Period
Land and Improvements	488,000
Buildings and Improvements	31,742,000
Total	32,230,000
Accumulated Depreciation	1,226,000
NBV	$ 31,004,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| St. Francis Lynwood Medical, 6810 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	688,000
Buildings and Improvements	8,385,000
Costs Capitalized Subsequent to Acquisition	1,857,000
Gross Amount Carried at Close of Period
Land and Improvements	697,000
Buildings and Improvements	10,233,000
Total	10,930,000
Accumulated Depreciation	4,396,000
NBV	$ 6,534,000
Life on Which Depreciation in Income Statement is Computed	32 years
Medical Office Buildings \| Facey Mission Hills, 6824 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	15,468,000
Buildings and Improvements	30,116,000
Costs Capitalized Subsequent to Acquisition	4,729,000
Gross Amount Carried at Close of Period
Land and Improvements	15,468,000
Buildings and Improvements	34,845,000
Total	50,313,000
Accumulated Depreciation	7,077,000
NBV	$ 43,236,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Mission Medical Plaza, 6816 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 54,019,000
Initial Cost to Company
Land and Improvements	1,916,000
Buildings and Improvements	77,022,000
Costs Capitalized Subsequent to Acquisition	1,838,000
Gross Amount Carried at Close of Period
Land and Improvements	1,916,000
Buildings and Improvements	78,860,000
Total	80,776,000
Accumulated Depreciation	22,403,000
NBV	$ 58,373,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| St Joseph Medical Tower, 6817 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 43,121,000
Initial Cost to Company
Land and Improvements	1,752,000
Buildings and Improvements	61,647,000
Costs Capitalized Subsequent to Acquisition	2,745,000
Gross Amount Carried at Close of Period
Land and Improvements	1,761,000
Buildings and Improvements	64,383,000
Total	66,144,000
Accumulated Depreciation	18,307,000
NBV	$ 47,837,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Huntington Pavilion, 6823 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,138,000
Buildings and Improvements	83,412,000
Costs Capitalized Subsequent to Acquisition	10,142,000
Gross Amount Carried at Close of Period
Land and Improvements	3,138,000
Buildings and Improvements	93,554,000
Total	96,692,000
Accumulated Depreciation	32,070,000
NBV	$ 64,622,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Western University of Health Sciences Medical Pavilion, 6826 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	91,000
Buildings and Improvements	31,523,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	91,000
Buildings and Improvements	31,523,000
Total	31,614,000
Accumulated Depreciation	8,496,000
NBV	$ 23,118,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Pomerado Outpatient Pavilion, 6815 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,233,000
Buildings and Improvements	71,435,000
Costs Capitalized Subsequent to Acquisition	3,108,000
Gross Amount Carried at Close of Period
Land and Improvements	3,233,000
Buildings and Improvements	74,543,000
Total	77,776,000
Accumulated Depreciation	23,174,000
NBV	$ 54,602,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| San Bernadino Medical Plaza I, 6820 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	789,000
Buildings and Improvements	11,133,000
Costs Capitalized Subsequent to Acquisition	1,511,000
Gross Amount Carried at Close of Period
Land and Improvements	797,000
Buildings and Improvements	12,636,000
Total	13,433,000
Accumulated Depreciation	11,424,000
NBV	$ 2,009,000
Life on Which Depreciation in Income Statement is Computed	27 years
Medical Office Buildings \| San Bernadino Medical Plaza II, 6821 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	416,000
Buildings and Improvements	5,625,000
Costs Capitalized Subsequent to Acquisition	1,165,000
Gross Amount Carried at Close of Period
Land and Improvements	421,000
Buildings and Improvements	6,785,000
Total	7,206,000
Accumulated Depreciation	3,712,000
NBV	$ 3,494,000
Life on Which Depreciation in Income Statement is Computed	26 years
Medical Office Buildings \| Sutter Van Ness, 6829 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 102,249,000
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	157,404,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	157,404,000
Total	157,404,000
Accumulated Depreciation	3,517,000
NBV	153,887,000
Medical Office Buildings \| San Gabriel Valley Medical, 6811 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	914,000
Buildings and Improvements	5,510,000
Costs Capitalized Subsequent to Acquisition	948,000
Gross Amount Carried at Close of Period
Land and Improvements	963,000
Buildings and Improvements	6,409,000
Total	7,372,000
Accumulated Depreciation	2,969,000
NBV	$ 4,403,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Santa Clarita Valley Medical, 6812 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 21,370,000
Initial Cost to Company
Land and Improvements	9,708,000
Buildings and Improvements	20,020,000
Costs Capitalized Subsequent to Acquisition	1,951,000
Gross Amount Carried at Close of Period
Land and Improvements	9,782,000
Buildings and Improvements	21,897,000
Total	31,679,000
Accumulated Depreciation	6,802,000
NBV	$ 24,877,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Kenneth E Watts Medical Plaza, 6825 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	262,000
Buildings and Improvements	6,945,000
Costs Capitalized Subsequent to Acquisition	3,435,000
Gross Amount Carried at Close of Period
Land and Improvements	343,000
Buildings and Improvements	10,299,000
Total	10,642,000
Accumulated Depreciation	4,679,000
NBV	$ 5,963,000
Life on Which Depreciation in Income Statement is Computed	23 years
Medical Office Buildings \| Vaca Valley Health Plaza, 2962 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	9,634,000
Costs Capitalized Subsequent to Acquisition	716,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	10,350,000
Total	10,350,000
Accumulated Depreciation	2,184,000
NBV	$ 8,166,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Northbay Center for Primary Care - Vacaville, 2965 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	777,000
Buildings and Improvements	5,632,000
Costs Capitalized Subsequent to Acquisition	300,000
Gross Amount Carried at Close of Period
Land and Improvements	777,000
Buildings and Improvements	5,932,000
Total	6,709,000
Accumulated Depreciation	468,000
NBV	$ 6,241,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Potomac Medical Plaza, 2951 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,401,000
Buildings and Improvements	9,118,000
Costs Capitalized Subsequent to Acquisition	4,190,000
Gross Amount Carried at Close of Period
Land and Improvements	2,800,000
Buildings and Improvements	12,909,000
Total	15,709,000
Accumulated Depreciation	6,594,000
NBV	$ 9,115,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Briargate Medical Campus, 2952 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,238,000
Buildings and Improvements	12,301,000
Costs Capitalized Subsequent to Acquisition	1,134,000
Gross Amount Carried at Close of Period
Land and Improvements	1,269,000
Buildings and Improvements	13,404,000
Total	14,673,000
Accumulated Depreciation	5,443,000
NBV	$ 9,230,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Printers Park Medical Plaza, 2953 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,641,000
Buildings and Improvements	47,507,000
Costs Capitalized Subsequent to Acquisition	3,367,000
Gross Amount Carried at Close of Period
Land and Improvements	2,652,000
Buildings and Improvements	50,863,000
Total	53,515,000
Accumulated Depreciation	20,884,000
NBV	$ 32,631,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Green Valley Ranch Medical Office Building, 2963 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 5,130,000
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	12,139,000
Costs Capitalized Subsequent to Acquisition	1,177,000
Gross Amount Carried at Close of Period
Land and Improvements	235,000
Buildings and Improvements	13,081,000
Total	13,316,000
Accumulated Depreciation	2,703,000
NBV	$ 10,613,000
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	4,393,000
Costs Capitalized Subsequent to Acquisition	(75,000)
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	4,318,000
Total	4,318,000
Accumulated Depreciation	751,000
NBV	$ 3,567,000
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	2,540,000
Buildings and Improvements	12,901,000
Costs Capitalized Subsequent to Acquisition	2,027,000
Gross Amount Carried at Close of Period
Land and Improvements	2,549,000
Buildings and Improvements	14,919,000
Total	17,468,000
Accumulated Depreciation	2,487,000
NBV	$ 14,981,000
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	17,330,000
Costs Capitalized Subsequent to Acquisition	1,882,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	19,212,000
Total	19,212,000
Accumulated Depreciation	7,333,000
NBV	$ 11,879,000
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	1,444,000
Buildings and Improvements	14,059,000
Costs Capitalized Subsequent to Acquisition	3,366,000
Gross Amount Carried at Close of Period
Land and Improvements	1,516,000
Buildings and Improvements	17,353,000
Total	18,869,000
Accumulated Depreciation	8,074,000
NBV	$ 10,795,000
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	852,000
Buildings and Improvements	5,210,000
Costs Capitalized Subsequent to Acquisition	167,000
Gross Amount Carried at Close of Period
Land and Improvements	855,000
Buildings and Improvements	5,374,000
Total	6,229,000
Accumulated Depreciation	1,256,000
NBV	$ 4,973,000
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	2,655,000
Costs Capitalized Subsequent to Acquisition	1,324,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,979,000
Total	3,979,000
Accumulated Depreciation	1,834,000
NBV	$ 2,145,000
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	7,266,000
Costs Capitalized Subsequent to Acquisition	2,431,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	9,697,000
Total	9,697,000
Accumulated Depreciation	3,417,000
NBV	$ 6,280,000
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	11,947,000
Costs Capitalized Subsequent to Acquisition	1,673,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	13,620,000
Total	13,620,000
Accumulated Depreciation	4,327,000
NBV	$ 9,293,000
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	6,424,000
Costs Capitalized Subsequent to Acquisition	2,724,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	9,148,000
Total	9,148,000
Accumulated Depreciation	4,256,000
NBV	$ 4,892,000
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	2,473,000
Costs Capitalized Subsequent to Acquisition	1,214,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,687,000
Total	3,687,000
Accumulated Depreciation	1,838,000
NBV	$ 1,849,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| 2932, RTS Cape Coral
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	368,000
Buildings and Improvements	5,448,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	368,000
Buildings and Improvements	5,448,000
Total	5,816,000
Accumulated Depreciation	1,596,000
NBV	$ 4,220,000
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings \| 2934, RTS Ft. Myers
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,153,000
Buildings and Improvements	4,127,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,153,000
Buildings and Improvements	4,127,000
Total	5,280,000
Accumulated Depreciation	1,451,000
NBV	$ 3,829,000
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	486,000
Buildings and Improvements	4,380,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	486,000
Buildings and Improvements	4,380,000
Total	4,866,000
Accumulated Depreciation	1,146,000
NBV	$ 3,720,000
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	453,000
Buildings and Improvements	1,711,000
Costs Capitalized Subsequent to Acquisition	(147,000)
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,017,000
Total	2,017,000
Accumulated Depreciation	921,000
NBV	$ 1,096,000
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	327,000
Buildings and Improvements	11,816,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	327,000
Buildings and Improvements	11,816,000
Total	12,143,000
Accumulated Depreciation	2,039,000
NBV	$ 10,104,000
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	965,000
Buildings and Improvements	2,678,000
Costs Capitalized Subsequent to Acquisition	(811,000)
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,832,000
Total	2,832,000
Accumulated Depreciation	1,286,000
NBV	$ 1,546,000
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	4,215,000
Buildings and Improvements	15,041,000
Costs Capitalized Subsequent to Acquisition	(13,601,000)
Gross Amount Carried at Close of Period
Land and Improvements	3,644,000
Buildings and Improvements	2,011,000
Total	5,655,000
Accumulated Depreciation	2,376,000
NBV	$ 3,279,000
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	1,152,000
Buildings and Improvements	3,726,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,152,000
Buildings and Improvements	3,726,000
Total	4,878,000
Accumulated Depreciation	1,105,000
NBV	$ 3,773,000
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	82,000
Buildings and Improvements	17,400,000
Costs Capitalized Subsequent to Acquisition	(10,999,000)
Gross Amount Carried at Close of Period
Land and Improvements	25,000
Buildings and Improvements	6,458,000
Total	6,483,000
Accumulated Depreciation	2,389,000
NBV	$ 4,094,000
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	966,000
Buildings and Improvements	4,581,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	966,000
Buildings and Improvements	4,581,000
Total	5,547,000
Accumulated Depreciation	1,423,000
NBV	$ 4,124,000
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	1,914,000
Buildings and Improvements	3,889,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,914,000
Buildings and Improvements	3,889,000
Total	5,803,000
Accumulated Depreciation	1,274,000
NBV	$ 4,529,000
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	590,000
Buildings and Improvements	8,773,000
Costs Capitalized Subsequent to Acquisition	(324,000)
Gross Amount Carried at Close of Period
Land and Improvements	193,000
Buildings and Improvements	8,846,000
Total	9,039,000
Accumulated Depreciation	1,386,000
NBV	$ 7,653,000
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	2,826,000
Buildings and Improvements	18,339,000
Costs Capitalized Subsequent to Acquisition	45,000
Gross Amount Carried at Close of Period
Land and Improvements	2,826,000
Buildings and Improvements	18,384,000
Total	21,210,000
Accumulated Depreciation	3,274,000
NBV	$ 17,936,000
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	545,000
Buildings and Improvements	80,152,000
Costs Capitalized Subsequent to Acquisition	23,318,000
Gross Amount Carried at Close of Period
Land and Improvements	545,000
Buildings and Improvements	103,470,000
Total	104,015,000
Accumulated Depreciation	20,024,000
NBV	$ 83,991,000
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	233,000
Buildings and Improvements	7,894,000
Costs Capitalized Subsequent to Acquisition	2,364,000
Gross Amount Carried at Close of Period
Land and Improvements	233,000
Buildings and Improvements	10,258,000
Total	10,491,000
Accumulated Depreciation	6,069,000
NBV	$ 4,422,000
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	735,000
Buildings and Improvements	13,717,000
Costs Capitalized Subsequent to Acquisition	4,211,000
Gross Amount Carried at Close of Period
Land and Improvements	735,000
Buildings and Improvements	17,928,000
Total	18,663,000
Accumulated Depreciation	6,530,000
NBV	$ 12,133,000
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	535,000
Buildings and Improvements	3,857,000
Costs Capitalized Subsequent to Acquisition	828,000
Gross Amount Carried at Close of Period
Land and Improvements	535,000
Buildings and Improvements	4,685,000
Total	5,220,000
Accumulated Depreciation	2,404,000
NBV	$ 2,816,000
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	675,000
Buildings and Improvements	2,182,000
Costs Capitalized Subsequent to Acquisition	2,190,000
Gross Amount Carried at Close of Period
Land and Improvements	691,000
Buildings and Improvements	4,356,000
Total	5,047,000
Accumulated Depreciation	2,301,000
NBV	$ 2,746,000
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	1,145,000
Buildings and Improvements	16,805,000
Costs Capitalized Subsequent to Acquisition	1,664,000
Gross Amount Carried at Close of Period
Land and Improvements	1,145,000
Buildings and Improvements	18,469,000
Total	19,614,000
Accumulated Depreciation	6,715,000
NBV	$ 12,899,000
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	1,821,000
Buildings and Improvements	2,974,000
Costs Capitalized Subsequent to Acquisition	286,000
Gross Amount Carried at Close of Period
Land and Improvements	1,821,000
Buildings and Improvements	3,260,000
Total	5,081,000
Accumulated Depreciation	3,395,000
NBV	$ 1,686,000
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	981,000
Buildings and Improvements	13,818,000
Costs Capitalized Subsequent to Acquisition	252,000
Gross Amount Carried at Close of Period
Land and Improvements	981,000
Buildings and Improvements	14,070,000
Total	15,051,000
Accumulated Depreciation	4,413,000
NBV	$ 10,638,000
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	895,000
Buildings and Improvements	20,669,000
Costs Capitalized Subsequent to Acquisition	829,000
Gross Amount Carried at Close of Period
Land and Improvements	895,000
Buildings and Improvements	21,498,000
Total	22,393,000
Accumulated Depreciation	3,842,000
NBV	$ 18,551,000
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	5,495,000
Buildings and Improvements	16,028,000
Costs Capitalized Subsequent to Acquisition	1,930,000
Gross Amount Carried at Close of Period
Land and Improvements	5,586,000
Buildings and Improvements	17,867,000
Total	23,453,000
Accumulated Depreciation	3,269,000
NBV	$ 20,184,000
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	2,167,000
Buildings and Improvements	5,477,000
Costs Capitalized Subsequent to Acquisition	68,000
Gross Amount Carried at Close of Period
Land and Improvements	2,167,000
Buildings and Improvements	5,545,000
Total	7,712,000
Accumulated Depreciation	1,441,000
NBV	$ 6,271,000
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	476,000
Buildings and Improvements	10,017,000
Costs Capitalized Subsequent to Acquisition	1,327,000
Gross Amount Carried at Close of Period
Land and Improvements	476,000
Buildings and Improvements	11,344,000
Total	11,820,000
Accumulated Depreciation	3,959,000
NBV	$ 7,861,000
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	1,025,000
Buildings and Improvements	9,783,000
Costs Capitalized Subsequent to Acquisition	259,000
Gross Amount Carried at Close of Period
Land and Improvements	1,025,000
Buildings and Improvements	10,042,000
Total	11,067,000
Accumulated Depreciation	1,980,000
NBV	$ 9,087,000
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	120,000
Buildings and Improvements	27,882,000
Costs Capitalized Subsequent to Acquisition	505,000
Gross Amount Carried at Close of Period
Land and Improvements	120,000
Buildings and Improvements	28,387,000
Total	28,507,000
Accumulated Depreciation	5,035,000
NBV	$ 23,472,000
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	49,000
Buildings and Improvements	27,217,000
Costs Capitalized Subsequent to Acquisition	471,000
Gross Amount Carried at Close of Period
Land and Improvements	49,000
Buildings and Improvements	27,688,000
Total	27,737,000
Accumulated Depreciation	4,683,000
NBV	$ 23,054,000
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	152,000
Buildings and Improvements	3,224,000
Costs Capitalized Subsequent to Acquisition	785,000
Gross Amount Carried at Close of Period
Land and Improvements	152,000
Buildings and Improvements	4,009,000
Total	4,161,000
Accumulated Depreciation	807,000
NBV	$ 3,354,000
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	512,000
Buildings and Improvements	12,977,000
Costs Capitalized Subsequent to Acquisition	1,160,000
Gross Amount Carried at Close of Period
Land and Improvements	512,000
Buildings and Improvements	14,137,000
Total	14,649,000
Accumulated Depreciation	3,155,000
NBV	$ 11,494,000
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	139,000
Buildings and Improvements	3,329,000
Costs Capitalized Subsequent to Acquisition	1,521,000
Gross Amount Carried at Close of Period
Land and Improvements	139,000
Buildings and Improvements	4,850,000
Total	4,989,000
Accumulated Depreciation	1,272,000
NBV	$ 3,717,000
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	2,227,000
Buildings and Improvements	10,140,000
Costs Capitalized Subsequent to Acquisition	355,000
Gross Amount Carried at Close of Period
Land and Improvements	2,231,000
Buildings and Improvements	10,491,000
Total	12,722,000
Accumulated Depreciation	2,675,000
NBV	$ 10,047,000
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	2,490,000
Buildings and Improvements	19,504,000
Costs Capitalized Subsequent to Acquisition	389,000
Gross Amount Carried at Close of Period
Land and Improvements	2,535,000
Buildings and Improvements	19,848,000
Total	22,383,000
Accumulated Depreciation	3,687,000
NBV	$ 18,696,000
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	2,444,000
Buildings and Improvements	10,953,000
Costs Capitalized Subsequent to Acquisition	926,000
Gross Amount Carried at Close of Period
Land and Improvements	2,444,000
Buildings and Improvements	11,879,000
Total	14,323,000
Accumulated Depreciation	2,455,000
NBV	$ 11,868,000
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	791,000
Costs Capitalized Subsequent to Acquisition	2,522,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,313,000
Total	3,313,000
Accumulated Depreciation	1,210,000
NBV	$ 2,103,000
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	1,943,000
Costs Capitalized Subsequent to Acquisition	1,204,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,147,000
Total	3,147,000
Accumulated Depreciation	1,252,000
NBV	$ 1,895,000
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	3,900,000
Costs Capitalized Subsequent to Acquisition	3,778,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	7,678,000
Total	7,678,000
Accumulated Depreciation	3,028,000
NBV	$ 4,650,000
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	8,702,000
Costs Capitalized Subsequent to Acquisition	2,080,000
Gross Amount Carried at Close of Period
Land and Improvements	29,000
Buildings and Improvements	10,753,000
Total	10,782,000
Accumulated Depreciation	3,630,000
NBV	$ 7,152,000
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	3,467,000
Costs Capitalized Subsequent to Acquisition	858,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	4,325,000
Total	4,325,000
Accumulated Depreciation	1,773,000
NBV	$ 2,552,000
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	1,150,000
Costs Capitalized Subsequent to Acquisition	16,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	1,166,000
Total	1,166,000
Accumulated Depreciation	484,000
NBV	$ 682,000
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	640,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	640,000
Total	640,000
Accumulated Depreciation	357,000
NBV	$ 283,000
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	902,000
Buildings and Improvements	129,000
Costs Capitalized Subsequent to Acquisition	56,000
Gross Amount Carried at Close of Period
Land and Improvements	958,000
Buildings and Improvements	129,000
Total	1,087,000
Accumulated Depreciation	219,000
NBV	$ 868,000
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	1,689,000
Costs Capitalized Subsequent to Acquisition	1,520,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,209,000
Total	3,209,000
Accumulated Depreciation	1,137,000
NBV	$ 2,072,000
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	934,000
Buildings and Improvements	1,386,000
Costs Capitalized Subsequent to Acquisition	168,000
Gross Amount Carried at Close of Period
Land and Improvements	943,000
Buildings and Improvements	1,545,000
Total	2,488,000
Accumulated Depreciation	707,000
NBV	$ 1,781,000
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	399,000
Buildings and Improvements	495,000
Costs Capitalized Subsequent to Acquisition	109,000
Gross Amount Carried at Close of Period
Land and Improvements	399,000
Buildings and Improvements	604,000
Total	1,003,000
Accumulated Depreciation	273,000
NBV	$ 730,000
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	111,000
Buildings and Improvements	739,000
Costs Capitalized Subsequent to Acquisition	24,000
Gross Amount Carried at Close of Period
Land and Improvements	111,000
Buildings and Improvements	763,000
Total	874,000
Accumulated Depreciation	340,000
NBV	$ 534,000
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	407,000
Buildings and Improvements	10,337,000
Costs Capitalized Subsequent to Acquisition	1,270,000
Gross Amount Carried at Close of Period
Land and Improvements	407,000
Buildings and Improvements	11,607,000
Total	12,014,000
Accumulated Depreciation	2,657,000
NBV	$ 9,357,000
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	1,013,000
Buildings and Improvements	25,370,000
Costs Capitalized Subsequent to Acquisition	862,000
Gross Amount Carried at Close of Period
Land and Improvements	1,013,000
Buildings and Improvements	26,232,000
Total	27,245,000
Accumulated Depreciation	5,814,000
NBV	$ 21,431,000
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	16,315,000
Costs Capitalized Subsequent to Acquisition	883,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	17,198,000
Total	17,198,000
Accumulated Depreciation	7,371,000
NBV	$ 9,827,000
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	249,000
Buildings and Improvements	1,452,000
Costs Capitalized Subsequent to Acquisition	889,000
Gross Amount Carried at Close of Period
Land and Improvements	352,000
Buildings and Improvements	2,238,000
Total	2,590,000
Accumulated Depreciation	921,000
NBV	$ 1,669,000
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	216,000
Buildings and Improvements	1,405,000
Costs Capitalized Subsequent to Acquisition	370,000
Gross Amount Carried at Close of Period
Land and Improvements	216,000
Buildings and Improvements	1,775,000
Total	1,991,000
Accumulated Depreciation	957,000
NBV	$ 1,034,000
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	82,000
Buildings and Improvements	2,731,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	82,000
Buildings and Improvements	2,731,000
Total	2,813,000
Accumulated Depreciation	848,000
NBV	$ 1,965,000
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	627,000
Buildings and Improvements	17,851,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	627,000
Buildings and Improvements	17,851,000
Total	18,478,000
Accumulated Depreciation	5,687,000
NBV	$ 12,791,000
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	191,000
Buildings and Improvements	4,370,000
Costs Capitalized Subsequent to Acquisition	850,000
Gross Amount Carried at Close of Period
Land and Improvements	191,000
Buildings and Improvements	5,220,000
Total	5,411,000
Accumulated Depreciation	1,281,000
NBV	$ 4,130,000
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	421,000
Buildings and Improvements	3,716,000
Costs Capitalized Subsequent to Acquisition	3,292,000
Gross Amount Carried at Close of Period
Land and Improvements	630,000
Buildings and Improvements	6,799,000
Total	7,429,000
Accumulated Depreciation	3,497,000
NBV	$ 3,932,000
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	214,000
Buildings and Improvements	2,630,000
Costs Capitalized Subsequent to Acquisition	568,000
Gross Amount Carried at Close of Period
Land and Improvements	214,000
Buildings and Improvements	3,198,000
Total	3,412,000
Accumulated Depreciation	1,334,000
NBV	$ 2,078,000
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	1,020,000
Buildings and Improvements	17,176,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,020,000
Buildings and Improvements	17,176,000
Total	18,196,000
Accumulated Depreciation	5,748,000
NBV	$ 12,448,000
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	658,000
Buildings and Improvements	16,421,000
Costs Capitalized Subsequent to Acquisition	2,843,000
Gross Amount Carried at Close of Period
Land and Improvements	658,000
Buildings and Improvements	19,264,000
Total	19,922,000
Accumulated Depreciation	3,767,000
NBV	$ 16,155,000
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	1,025,000
Buildings and Improvements	29,493,000
Costs Capitalized Subsequent to Acquisition	15,000
Gross Amount Carried at Close of Period
Land and Improvements	1,025,000
Buildings and Improvements	29,508,000
Total	30,533,000
Accumulated Depreciation	5,180,000
NBV	$ 25,353,000
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	256,000
Buildings and Improvements	2,543,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	256,000
Buildings and Improvements	2,543,000
Total	2,799,000
Accumulated Depreciation	526,000
NBV	$ 2,273,000
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	758,000
Buildings and Improvements	370,000
Costs Capitalized Subsequent to Acquisition	402,000
Gross Amount Carried at Close of Period
Land and Improvements	799,000
Buildings and Improvements	731,000
Total	1,530,000
Accumulated Depreciation	650,000
NBV	$ 880,000
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	3,376,000
Buildings and Improvements	694,000
Costs Capitalized Subsequent to Acquisition	416,000
Gross Amount Carried at Close of Period
Land and Improvements	3,413,000
Buildings and Improvements	1,073,000
Total	4,486,000
Accumulated Depreciation	852,000
NBV	$ 3,634,000
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	2,653,000
Costs Capitalized Subsequent to Acquisition	1,159,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	3,812,000
Total	3,812,000
Accumulated Depreciation	1,822,000
NBV	$ 1,990,000
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	4,266,000
Costs Capitalized Subsequent to Acquisition	1,926,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	6,192,000
Total	6,192,000
Accumulated Depreciation	2,952,000
NBV	$ 3,240,000
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	2,281,000
Costs Capitalized Subsequent to Acquisition	2,050,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	4,331,000
Total	4,331,000
Accumulated Depreciation	1,779,000
NBV	$ 2,552,000
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	466,000
Buildings and Improvements	5,954,000
Costs Capitalized Subsequent to Acquisition	708,000
Gross Amount Carried at Close of Period
Land and Improvements	466,000
Buildings and Improvements	6,662,000
Total	7,128,000
Accumulated Depreciation	2,470,000
NBV	$ 4,658,000
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	455,000
Buildings and Improvements	5,976,000
Costs Capitalized Subsequent to Acquisition	1,046,000
Gross Amount Carried at Close of Period
Land and Improvements	455,000
Buildings and Improvements	7,022,000
Total	7,477,000
Accumulated Depreciation	2,327,000
NBV	$ 5,150,000
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	422,000
Buildings and Improvements	6,194,000
Costs Capitalized Subsequent to Acquisition	857,000
Gross Amount Carried at Close of Period
Land and Improvements	422,000
Buildings and Improvements	7,051,000
Total	7,473,000
Accumulated Depreciation	2,225,000
NBV	$ 5,248,000
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	1,256,000
Buildings and Improvements	1,973,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,256,000
Buildings and Improvements	1,973,000
Total	3,229,000
Accumulated Depreciation	1,443,000
NBV	$ 1,786,000
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	702,000
Buildings and Improvements	13,576,000
Costs Capitalized Subsequent to Acquisition	148,000
Gross Amount Carried at Close of Period
Land and Improvements	702,000
Buildings and Improvements	13,724,000
Total	14,426,000
Accumulated Depreciation	2,413,000
NBV	$ 12,013,000
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	633,000
Buildings and Improvements	13,479,000
Costs Capitalized Subsequent to Acquisition	313,000
Gross Amount Carried at Close of Period
Land and Improvements	672,000
Buildings and Improvements	13,753,000
Total	14,425,000
Accumulated Depreciation	2,645,000
NBV	$ 11,780,000
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	519,000
Buildings and Improvements	28,951,000
Costs Capitalized Subsequent to Acquisition	4,610,000
Gross Amount Carried at Close of Period
Land and Improvements	519,000
Buildings and Improvements	33,561,000
Total	34,080,000
Accumulated Depreciation	10,892,000
NBV	$ 23,188,000
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	498,000
Buildings and Improvements	27,430,000
Costs Capitalized Subsequent to Acquisition	2,092,000
Gross Amount Carried at Close of Period
Land and Improvements	498,000
Buildings and Improvements	29,522,000
Total	30,020,000
Accumulated Depreciation	7,988,000
NBV	$ 22,032,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| 6006, Oncology Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	470,000
Buildings and Improvements	5,703,000
Costs Capitalized Subsequent to Acquisition	432,000
Gross Amount Carried at Close of Period
Land and Improvements	470,000
Buildings and Improvements	6,135,000
Total	6,605,000
Accumulated Depreciation	2,085,000
NBV	$ 4,520,000
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	514,000
Buildings and Improvements	9,617,000
Costs Capitalized Subsequent to Acquisition	533,000
Gross Amount Carried at Close of Period
Land and Improvements	871,000
Buildings and Improvements	9,793,000
Total	10,664,000
Accumulated Depreciation	1,315,000
NBV	$ 9,349,000
Life on Which Depreciation in Income Statement is Computed	36 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	20,649,000
Costs Capitalized Subsequent to Acquisition	1,586,000
Gross Amount Carried at Close of Period
Land and Improvements	7,000
Buildings and Improvements	22,228,000
Total	22,235,000
Accumulated Depreciation	5,153,000
NBV	$ 17,082,000
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	61,000
Buildings and Improvements	37,411,000
Costs Capitalized Subsequent to Acquisition	7,000,000
Gross Amount Carried at Close of Period
Land and Improvements	61,000
Buildings and Improvements	44,411,000
Total	44,472,000
Accumulated Depreciation	14,748,000
NBV	$ 29,724,000
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	967,000
Buildings and Improvements	83,746,000
Costs Capitalized Subsequent to Acquisition	3,106,000
Gross Amount Carried at Close of Period
Land and Improvements	967,000
Buildings and Improvements	86,852,000
Total	87,819,000
Accumulated Depreciation	12,320,000
NBV	$ 75,499,000
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	5,737,000
Buildings and Improvements	32,116,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,737,000
Buildings and Improvements	32,116,000
Total	37,853,000
Accumulated Depreciation	6,066,000
NBV	$ 31,787,000
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	553,000
Buildings and Improvements	1,309,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	553,000
Buildings and Improvements	1,309,000
Total	1,862,000
Accumulated Depreciation	620,000
NBV	$ 1,242,000
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	3,787,000
Buildings and Improvements	5,543,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,787,000
Buildings and Improvements	5,543,000
Total	9,330,000
Accumulated Depreciation	4,212,000
NBV	$ 5,118,000
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	3,162,000
Buildings and Improvements	28,633,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,162,000
Buildings and Improvements	28,633,000
Total	31,795,000
Accumulated Depreciation	4,903,000
NBV	$ 26,892,000
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	4,577,000
Buildings and Improvements	20,939,000
Costs Capitalized Subsequent to Acquisition	15,000
Gross Amount Carried at Close of Period
Land and Improvements	4,581,000
Buildings and Improvements	20,950,000
Total	25,531,000
Accumulated Depreciation	3,760,000
NBV	$ 21,771,000
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	396,000
Buildings and Improvements	2,056,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	396,000
Buildings and Improvements	2,056,000
Total	2,452,000
Accumulated Depreciation	435,000
NBV	$ 2,017,000
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	792,000
Buildings and Improvements	2,530,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	792,000
Buildings and Improvements	2,530,000
Total	3,322,000
Accumulated Depreciation	990,000
NBV	$ 2,332,000
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	1,883,000
Buildings and Improvements	7,428,000
Costs Capitalized Subsequent to Acquisition	(4,324,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,883,000
Buildings and Improvements	3,104,000
Total	4,987,000
Accumulated Depreciation	1,485,000
NBV	$ 3,502,000
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	101,000
Buildings and Improvements	19,066,000
Costs Capitalized Subsequent to Acquisition	1,433,000
Gross Amount Carried at Close of Period
Land and Improvements	101,000
Buildings and Improvements	20,499,000
Total	20,600,000
Accumulated Depreciation	6,467,000
NBV	$ 14,133,000
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	345,000
Buildings and Improvements	12,790,000
Costs Capitalized Subsequent to Acquisition	166,000
Gross Amount Carried at Close of Period
Land and Improvements	345,000
Buildings and Improvements	12,956,000
Total	13,301,000
Accumulated Depreciation	3,927,000
NBV	$ 9,374,000
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	402,000
Buildings and Improvements	8,279,000
Costs Capitalized Subsequent to Acquisition	1,644,000
Gross Amount Carried at Close of Period
Land and Improvements	402,000
Buildings and Improvements	9,923,000
Total	10,325,000
Accumulated Depreciation	3,623,000
NBV	$ 6,702,000
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	673,000
Costs Capitalized Subsequent to Acquisition	2,018,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,691,000
Total	2,691,000
Accumulated Depreciation	416,000
NBV	$ 2,275,000
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	168,000
Buildings and Improvements	17,264,000
Costs Capitalized Subsequent to Acquisition	2,930,000
Gross Amount Carried at Close of Period
Land and Improvements	168,000
Buildings and Improvements	20,194,000
Total	20,362,000
Accumulated Depreciation	7,634,000
NBV	$ 12,728,000
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	107,000
Buildings and Improvements	15,137,000
Costs Capitalized Subsequent to Acquisition	2,671,000
Gross Amount Carried at Close of Period
Land and Improvements	107,000
Buildings and Improvements	17,808,000
Total	17,915,000
Accumulated Depreciation	6,459,000
NBV	$ 11,456,000
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	3,334,000
Buildings and Improvements	4,974,000
Costs Capitalized Subsequent to Acquisition	624,000
Gross Amount Carried at Close of Period
Land and Improvements	342,000
Buildings and Improvements	8,590,000
Total	8,932,000
Accumulated Depreciation	4,645,000
NBV	$ 4,287,000
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	1,046,000
Buildings and Improvements	802,000
Costs Capitalized Subsequent to Acquisition	(165,000)
Gross Amount Carried at Close of Period
Land and Improvements	53,000
Buildings and Improvements	1,630,000
Total	1,683,000
Accumulated Depreciation	1,171,000
NBV	$ 512,000
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	1,195,000
Buildings and Improvements	3,797,000
Costs Capitalized Subsequent to Acquisition	74,000
Gross Amount Carried at Close of Period
Land and Improvements	1,269,000
Buildings and Improvements	3,797,000
Total	5,066,000
Accumulated Depreciation	721,000
NBV	$ 4,345,000
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	2,216,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,216,000
Total	2,216,000
Accumulated Depreciation	709,000
NBV	$ 1,507,000
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	$ 10,458,000
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	13,795,000
Costs Capitalized Subsequent to Acquisition	1,849,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	15,644,000
Total	15,644,000
Accumulated Depreciation	7,599,000
NBV	$ 8,045,000
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	19,242,000
Costs Capitalized Subsequent to Acquisition	1,666,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	20,908,000
Total	20,908,000
Accumulated Depreciation	6,984,000
NBV	$ 13,924,000
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	7,228,000
Costs Capitalized Subsequent to Acquisition	1,653,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	8,881,000
Total	8,881,000
Accumulated Depreciation	3,721,000
NBV	$ 5,160,000
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	2,391,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	2,391,000
Total	2,391,000
Accumulated Depreciation	817,000
NBV	$ 1,574,000
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	11,959,000
Costs Capitalized Subsequent to Acquisition	605,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	12,564,000
Total	12,564,000
Accumulated Depreciation	4,313,000
NBV	$ 8,251,000
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	8,420,000
Costs Capitalized Subsequent to Acquisition	716,000
Gross Amount Carried at Close of Period
Land and Improvements	176,000
Buildings and Improvements	8,960,000
Total	9,136,000
Accumulated Depreciation	3,387,000
NBV	$ 5,749,000
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	661,000
Costs Capitalized Subsequent to Acquisition	651,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	1,312,000
Total	1,312,000
Accumulated Depreciation	698,000
NBV	$ 614,000
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	401,000
Buildings and Improvements	2,946,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	401,000
Buildings and Improvements	2,946,000
Total	3,347,000
Accumulated Depreciation	905,000
NBV	$ 2,442,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| 7780, Bronson Lakeview OPC
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,835,000
Buildings and Improvements	31,564,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,835,000
Buildings and Improvements	31,564,000
Total	35,399,000
Accumulated Depreciation	6,117,000
NBV	$ 29,282,000
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	697,000
Costs Capitalized Subsequent to Acquisition	7,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	704,000
Total	704,000
Accumulated Depreciation	262,000
NBV	$ 442,000
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	233,000
Buildings and Improvements	2,267,000
Costs Capitalized Subsequent to Acquisition	213,000
Gross Amount Carried at Close of Period
Land and Improvements	233,000
Buildings and Improvements	2,480,000
Total	2,713,000
Accumulated Depreciation	801,000
NBV	$ 1,912,000
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	589,000
Buildings and Improvements	3,350,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	589,000
Buildings and Improvements	3,350,000
Total	3,939,000
Accumulated Depreciation	643,000
NBV	$ 3,296,000
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	1,325,000
Buildings and Improvements	5,479,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,325,000
Buildings and Improvements	5,479,000
Total	6,804,000
Accumulated Depreciation	1,112,000
NBV	$ 5,692,000
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	2,463,000
Buildings and Improvements	14,353,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,463,000
Buildings and Improvements	14,353,000
Total	16,816,000
Accumulated Depreciation	2,912,000
NBV	$ 13,904,000
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	33,406,000
Costs Capitalized Subsequent to Acquisition	(19,000)
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	33,387,000
Total	33,387,000
Accumulated Depreciation	7,070,000
NBV	$ 26,317,000
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	1,442,000
Buildings and Improvements	7,742,000
Costs Capitalized Subsequent to Acquisition	114,000
Gross Amount Carried at Close of Period
Land and Improvements	1,455,000
Buildings and Improvements	7,843,000
Total	9,298,000
Accumulated Depreciation	1,925,000
NBV	$ 7,373,000
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	2,646,000
Buildings and Improvements	8,962,000
Costs Capitalized Subsequent to Acquisition	5,000
Gross Amount Carried at Close of Period
Land and Improvements	2,646,000
Buildings and Improvements	8,967,000
Total	11,613,000
Accumulated Depreciation	2,547,000
NBV	$ 9,066,000
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	2,492,000
Buildings and Improvements	15,694,000
Costs Capitalized Subsequent to Acquisition	55,000
Gross Amount Carried at Close of Period
Land and Improvements	2,503,000
Buildings and Improvements	15,738,000
Total	18,241,000
Accumulated Depreciation	5,094,000
NBV	$ 13,147,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| University Physicians Grants Ferry, 6580
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,796,000
Buildings and Improvements	12,125,000
Costs Capitalized Subsequent to Acquisition	(12,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,796,000
Buildings and Improvements	12,113,000
Total	14,909,000
Accumulated Depreciation	3,972,000
NBV	$ 10,937,000
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	1,058,000
Buildings and Improvements	556,000
Costs Capitalized Subsequent to Acquisition	403,000
Gross Amount Carried at Close of Period
Land and Improvements	1,097,000
Buildings and Improvements	920,000
Total	2,017,000
Accumulated Depreciation	587,000
NBV	$ 1,430,000
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	996,000
Buildings and Improvements	10,045,000
Costs Capitalized Subsequent to Acquisition	2,954,000
Gross Amount Carried at Close of Period
Land and Improvements	996,000
Buildings and Improvements	12,999,000
Total	13,995,000
Accumulated Depreciation	6,249,000
NBV	$ 7,746,000
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	910,000
Buildings and Improvements	12,169,000
Costs Capitalized Subsequent to Acquisition	2,562,000
Gross Amount Carried at Close of Period
Land and Improvements	910,000
Buildings and Improvements	14,731,000
Total	15,641,000
Accumulated Depreciation	5,218,000
NBV	$ 10,423,000
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	103,000
Buildings and Improvements	2,780,000
Costs Capitalized Subsequent to Acquisition	1,321,000
Gross Amount Carried at Close of Period
Land and Improvements	106,000
Buildings and Improvements	4,098,000
Total	4,204,000
Accumulated Depreciation	1,982,000
NBV	$ 2,222,000
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	183,000
Buildings and Improvements	2,714,000
Costs Capitalized Subsequent to Acquisition	367,000
Gross Amount Carried at Close of Period
Land and Improvements	189,000
Buildings and Improvements	3,075,000
Total	3,264,000
Accumulated Depreciation	1,336,000
NBV	$ 1,928,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Broadway Medical Office Building, 2950
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,300,000
Buildings and Improvements	12,602,000
Costs Capitalized Subsequent to Acquisition	9,559,000
Gross Amount Carried at Close of Period
Land and Improvements	1,336,000
Buildings and Improvements	22,125,000
Total	23,461,000
Accumulated Depreciation	8,327,000
NBV	$ 15,134,000
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	305,000
Buildings and Improvements	7,445,000
Costs Capitalized Subsequent to Acquisition	2,297,000
Gross Amount Carried at Close of Period
Land and Improvements	305,000
Buildings and Improvements	9,742,000
Total	10,047,000
Accumulated Depreciation	2,784,000
NBV	$ 7,263,000
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	530,000
Buildings and Improvements	9,115,000
Costs Capitalized Subsequent to Acquisition	613,000
Gross Amount Carried at Close of Period
Land and Improvements	530,000
Buildings and Improvements	9,728,000
Total	10,258,000
Accumulated Depreciation	3,167,000
NBV	$ 7,091,000
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	745,000
Buildings and Improvements	12,437,000
Costs Capitalized Subsequent to Acquisition	3,236,000
Gross Amount Carried at Close of Period
Land and Improvements	745,000
Buildings and Improvements	15,673,000
Total	16,418,000
Accumulated Depreciation	5,542,000
NBV	$ 10,876,000
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	524,000
Buildings and Improvements	3,229,000
Costs Capitalized Subsequent to Acquisition	840,000
Gross Amount Carried at Close of Period
Land and Improvements	524,000
Buildings and Improvements	4,069,000
Total	4,593,000
Accumulated Depreciation	1,502,000
NBV	$ 3,091,000
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	940,000
Buildings and Improvements	5,556,000
Costs Capitalized Subsequent to Acquisition	332,000
Gross Amount Carried at Close of Period
Land and Improvements	960,000
Buildings and Improvements	5,868,000
Total	6,828,000
Accumulated Depreciation	1,817,000
NBV	$ 5,011,000
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	3,427,000
Buildings and Improvements	8,697,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,427,000
Buildings and Improvements	8,697,000
Total	12,124,000
Accumulated Depreciation	1,877,000
NBV	$ 10,247,000
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	503,000
Buildings and Improvements	4,336,000
Costs Capitalized Subsequent to Acquisition	1,338,000
Gross Amount Carried at Close of Period
Land and Improvements	503,000
Buildings and Improvements	5,674,000
Total	6,177,000
Accumulated Depreciation	2,901,000
NBV	$ 3,276,000
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	369,000
Buildings and Improvements	2,963,000
Costs Capitalized Subsequent to Acquisition	1,423,000
Gross Amount Carried at Close of Period
Land and Improvements	369,000
Buildings and Improvements	4,386,000
Total	4,755,000
Accumulated Depreciation	1,792,000
NBV	$ 2,963,000
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	1,445,000
Buildings and Improvements	13,825,000
Costs Capitalized Subsequent to Acquisition	894,000
Gross Amount Carried at Close of Period
Land and Improvements	1,445,000
Buildings and Improvements	14,719,000
Total	16,164,000
Accumulated Depreciation	6,460,000
NBV	$ 9,704,000
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	595,000
Buildings and Improvements	12,584,000
Costs Capitalized Subsequent to Acquisition	2,756,000
Gross Amount Carried at Close of Period
Land and Improvements	595,000
Buildings and Improvements	15,340,000
Total	15,935,000
Accumulated Depreciation	5,989,000
NBV	$ 9,946,000
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	409,000
Buildings and Improvements	4,687,000
Costs Capitalized Subsequent to Acquisition	1,668,000
Gross Amount Carried at Close of Period
Land and Improvements	409,000
Buildings and Improvements	6,355,000
Total	6,764,000
Accumulated Depreciation	3,276,000
NBV	$ 3,488,000
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	350,000
Buildings and Improvements	3,942,000
Costs Capitalized Subsequent to Acquisition	1,088,000
Gross Amount Carried at Close of Period
Land and Improvements	350,000
Buildings and Improvements	5,030,000
Total	5,380,000
Accumulated Depreciation	2,795,000
NBV	$ 2,585,000
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	2,317,000
Buildings and Improvements	3,120,000
Costs Capitalized Subsequent to Acquisition	696,000
Gross Amount Carried at Close of Period
Land and Improvements	2,355,000
Buildings and Improvements	3,778,000
Total	6,133,000
Accumulated Depreciation	2,254,000
NBV	$ 3,879,000
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	119,000
Buildings and Improvements	4,161,000
Costs Capitalized Subsequent to Acquisition	12,546,000
Gross Amount Carried at Close of Period
Land and Improvements	119,000
Buildings and Improvements	16,707,000
Total	16,826,000
Accumulated Depreciation	3,382,000
NBV	$ 13,444,000
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	136,000
Buildings and Improvements	6,018,000
Costs Capitalized Subsequent to Acquisition	3,825,000
Gross Amount Carried at Close of Period
Land and Improvements	136,000
Buildings and Improvements	9,843,000
Total	9,979,000
Accumulated Depreciation	3,083,000
NBV	$ 6,896,000
Life on Which Depreciation in Income Statement is Computed	20 years
Medical Office Buildings \| Carson Tahoe Specialty Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,748,000
Buildings and Improvements	27,010,000
Costs Capitalized Subsequent to Acquisition	3,444,000
Gross Amount Carried at Close of Period
Land and Improvements	2,898,000
Buildings and Improvements	30,304,000
Total	33,202,000
Accumulated Depreciation	6,030,000
NBV	$ 27,172,000
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	802,000
Buildings and Improvements	11,855,000
Costs Capitalized Subsequent to Acquisition	213,000
Gross Amount Carried at Close of Period
Land and Improvements	703,000
Buildings and Improvements	12,167,000
Total	12,870,000
Accumulated Depreciation	2,262,000
NBV	$ 10,608,000
Life on Which Depreciation in Income Statement is Computed	29 years
Medical Office Buildings \| Del E Webb Medical Plaza, 6813
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,028,000
Buildings and Improvements	16,993,000
Costs Capitalized Subsequent to Acquisition	2,469,000
Gross Amount Carried at Close of Period
Land and Improvements	1,028,000
Buildings and Improvements	19,462,000
Total	20,490,000
Accumulated Depreciation	6,932,000
NBV	$ 13,558,000
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	3,787,000
Buildings and Improvements	27,738,000
Costs Capitalized Subsequent to Acquisition	(2,855,000)
Gross Amount Carried at Close of Period
Land and Improvements	3,683,000
Buildings and Improvements	24,987,000
Total	28,670,000
Accumulated Depreciation	4,710,000
NBV	$ 23,960,000
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	$ 6,418,000
Initial Cost to Company
Land and Improvements	504,000
Buildings and Improvements	9,966,000
Costs Capitalized Subsequent to Acquisition	685,000
Gross Amount Carried at Close of Period
Land and Improvements	504,000
Buildings and Improvements	10,651,000
Total	11,155,000
Accumulated Depreciation	3,975,000
NBV	$ 7,180,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| 7753, Cooper Health MOB I
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,389,000
Buildings and Improvements	2,742,000
Costs Capitalized Subsequent to Acquisition	4,000
Gross Amount Carried at Close of Period
Land and Improvements	1,398,000
Buildings and Improvements	2,737,000
Total	4,135,000
Accumulated Depreciation	699,000
NBV	$ 3,436,000
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	594,000
Buildings and Improvements	5,638,000
Costs Capitalized Subsequent to Acquisition	65,000
Gross Amount Carried at Close of Period
Land and Improvements	594,000
Buildings and Improvements	5,703,000
Total	6,297,000
Accumulated Depreciation	1,025,000
NBV	$ 5,272,000
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	275,000
Buildings and Improvements	4,132,000
Costs Capitalized Subsequent to Acquisition	6,000
Gross Amount Carried at Close of Period
Land and Improvements	275,000
Buildings and Improvements	4,138,000
Total	4,413,000
Accumulated Depreciation	742,000
NBV	$ 3,671,000
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	321,000
Buildings and Improvements	18,389,000
Costs Capitalized Subsequent to Acquisition	32,000
Gross Amount Carried at Close of Period
Land and Improvements	321,000
Buildings and Improvements	18,421,000
Total	18,742,000
Accumulated Depreciation	2,839,000
NBV	$ 15,903,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| St Peters Recovery Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,059,000
Buildings and Improvements	9,156,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,059,000
Buildings and Improvements	9,156,000
Total	10,215,000
Accumulated Depreciation	1,900,000
NBV	$ 8,315,000
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	1,786,000
Buildings and Improvements	26,101,000
Costs Capitalized Subsequent to Acquisition	3,393,000
Gross Amount Carried at Close of Period
Land and Improvements	1,792,000
Buildings and Improvements	29,488,000
Total	31,280,000
Accumulated Depreciation	9,472,000
NBV	$ 21,808,000
Life on Which Depreciation in Income Statement is Computed	33 years
Medical Office Buildings \| Northcountry MOB
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,320,000
Buildings and Improvements	10,799,000
Costs Capitalized Subsequent to Acquisition	310,000
Gross Amount Carried at Close of Period
Land and Improvements	1,320,000
Buildings and Improvements	11,109,000
Total	12,429,000
Accumulated Depreciation	2,234,000
NBV	$ 10,195,000
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	6,370,000
Buildings and Improvements	2,929,000
Costs Capitalized Subsequent to Acquisition	2,494,000
Gross Amount Carried at Close of Period
Land and Improvements	6,418,000
Buildings and Improvements	5,375,000
Total	11,793,000
Accumulated Depreciation	4,280,000
NBV	$ 7,513,000
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	3,229,000
Buildings and Improvements	2,072,000
Costs Capitalized Subsequent to Acquisition	852,000
Gross Amount Carried at Close of Period
Land and Improvements	3,269,000
Buildings and Improvements	2,884,000
Total	6,153,000
Accumulated Depreciation	2,143,000
NBV	$ 4,010,000
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	701,000
Buildings and Improvements	11,734,000
Costs Capitalized Subsequent to Acquisition	1,171,000
Gross Amount Carried at Close of Period
Land and Improvements	701,000
Buildings and Improvements	12,905,000
Total	13,606,000
Accumulated Depreciation	5,111,000
NBV	$ 8,495,000
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	1,100,000
Buildings and Improvements	9,904,000
Costs Capitalized Subsequent to Acquisition	698,000
Gross Amount Carried at Close of Period
Land and Improvements	1,100,000
Buildings and Improvements	10,602,000
Total	11,702,000
Accumulated Depreciation	4,094,000
NBV	$ 7,608,000
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	1,980,000
Buildings and Improvements	2,846,000
Costs Capitalized Subsequent to Acquisition	539,000
Gross Amount Carried at Close of Period
Land and Improvements	2,139,000
Buildings and Improvements	3,226,000
Total	5,365,000
Accumulated Depreciation	1,902,000
NBV	$ 3,463,000
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	574,000
Buildings and Improvements	688,000
Costs Capitalized Subsequent to Acquisition	37,000
Gross Amount Carried at Close of Period
Land and Improvements	574,000
Buildings and Improvements	725,000
Total	1,299,000
Accumulated Depreciation	391,000
NBV	$ 908,000
Life on Which Depreciation in Income Statement is Computed	27 years
Medical Office Buildings \| Duke Health Center South Durham, 7794 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,347,000
Buildings and Improvements	75,728,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,347,000
Buildings and Improvements	75,728,000
Total	80,075,000
Accumulated Depreciation	1,260,000
NBV	$ 78,815,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Rex Wellness Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,348,000
Buildings and Improvements	5,330,000
Costs Capitalized Subsequent to Acquisition	438,000
Gross Amount Carried at Close of Period
Land and Improvements	1,354,000
Buildings and Improvements	5,762,000
Total	7,116,000
Accumulated Depreciation	1,356,000
NBV	$ 5,760,000
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	833,000
Buildings and Improvements	24,885,000
Costs Capitalized Subsequent to Acquisition	3,110,000
Gross Amount Carried at Close of Period
Land and Improvements	863,000
Buildings and Improvements	27,965,000
Total	28,828,000
Accumulated Depreciation	8,110,000
NBV	$ 20,718,000
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	679,000
Buildings and Improvements	1,646,000
Costs Capitalized Subsequent to Acquisition	73,000
Gross Amount Carried at Close of Period
Land and Improvements	679,000
Buildings and Improvements	1,719,000
Total	2,398,000
Accumulated Depreciation	625,000
NBV	$ 1,773,000
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	1,339,000
Buildings and Improvements	2,292,000
Costs Capitalized Subsequent to Acquisition	311,000
Gross Amount Carried at Close of Period
Land and Improvements	1,339,000
Buildings and Improvements	2,603,000
Total	3,942,000
Accumulated Depreciation	1,291,000
NBV	$ 2,651,000
Life on Which Depreciation in Income Statement is Computed	27 years
Medical Office Buildings \| Northcross
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	623,000
Buildings and Improvements	278,000
Costs Capitalized Subsequent to Acquisition	229,000
Gross Amount Carried at Close of Period
Land and Improvements	623,000
Buildings and Improvements	507,000
Total	1,130,000
Accumulated Depreciation	299,000
NBV	$ 831,000
Life on Which Depreciation in Income Statement is Computed	22 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	22,823,000
Costs Capitalized Subsequent to Acquisition	989,000
Gross Amount Carried at Close of Period
Land and Improvements	50,000
Buildings and Improvements	23,762,000
Total	23,812,000
Accumulated Depreciation	5,256,000
NBV	$ 18,556,000
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	1,221,000
Buildings and Improvements	847,000
Costs Capitalized Subsequent to Acquisition	120,000
Gross Amount Carried at Close of Period
Land and Improvements	1,221,000
Buildings and Improvements	967,000
Total	2,188,000
Accumulated Depreciation	637,000
NBV	$ 1,551,000
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	803,000
Buildings and Improvements	998,000
Costs Capitalized Subsequent to Acquisition	19,000
Gross Amount Carried at Close of Period
Land and Improvements	805,000
Buildings and Improvements	1,015,000
Total	1,820,000
Accumulated Depreciation	467,000
NBV	$ 1,353,000
Life on Which Depreciation in Income Statement is Computed	33 years
Medical Office Buildings \| 6513, Rocky Mount Kidney Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	479,000
Buildings and Improvements	1,297,000
Costs Capitalized Subsequent to Acquisition	51,000
Gross Amount Carried at Close of Period
Land and Improvements	479,000
Buildings and Improvements	1,348,000
Total	1,827,000
Accumulated Depreciation	643,000
NBV	$ 1,184,000
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	2,552,000
Buildings and Improvements	7,779,000
Costs Capitalized Subsequent to Acquisition	2,665,000
Gross Amount Carried at Close of Period
Land and Improvements	2,652,000
Buildings and Improvements	10,344,000
Total	12,996,000
Accumulated Depreciation	4,002,000
NBV	$ 8,994,000
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings \| 7724, Trinity Health Medical Arts Clinic
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	935,000
Buildings and Improvements	15,482,000
Costs Capitalized Subsequent to Acquisition	372,000
Gross Amount Carried at Close of Period
Land and Improvements	951,000
Buildings and Improvements	15,838,000
Total	16,789,000
Accumulated Depreciation	3,876,000
NBV	$ 12,913,000
Life on Which Depreciation in Income Statement is Computed	26 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	9,632,000
Costs Capitalized Subsequent to Acquisition	2,299,000
Gross Amount Carried at Close of Period
Land and Improvements	146,000
Buildings and Improvements	11,785,000
Total	11,931,000
Accumulated Depreciation	5,419,000
NBV	$ 6,512,000
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	15,123,000
Costs Capitalized Subsequent to Acquisition	3,535,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	18,658,000
Total	18,658,000
Accumulated Depreciation	8,008,000
NBV	$ 10,650,000
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	785,000
Buildings and Improvements	8,519,000
Costs Capitalized Subsequent to Acquisition	1,818,000
Gross Amount Carried at Close of Period
Land and Improvements	785,000
Buildings and Improvements	10,337,000
Total	11,122,000
Accumulated Depreciation	4,703,000
NBV	$ 6,419,000
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	586,000
Buildings and Improvements	7,298,000
Costs Capitalized Subsequent to Acquisition	935,000
Gross Amount Carried at Close of Period
Land and Improvements	610,000
Buildings and Improvements	8,209,000
Total	8,819,000
Accumulated Depreciation	3,486,000
NBV	$ 5,333,000
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	10,000
Buildings and Improvements	9,443,000
Costs Capitalized Subsequent to Acquisition	1,259,000
Gross Amount Carried at Close of Period
Land and Improvements	10,000
Buildings and Improvements	10,702,000
Total	10,712,000
Accumulated Depreciation	3,652,000
NBV	$ 7,060,000
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	61,000
Buildings and Improvements	4,760,000
Costs Capitalized Subsequent to Acquisition	635,000
Gross Amount Carried at Close of Period
Land and Improvements	61,000
Buildings and Improvements	5,395,000
Total	5,456,000
Accumulated Depreciation	2,215,000
NBV	$ 3,241,000
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	80,000
Buildings and Improvements	1,113,000
Costs Capitalized Subsequent to Acquisition	2,922,000
Gross Amount Carried at Close of Period
Land and Improvements	80,000
Buildings and Improvements	4,035,000
Total	4,115,000
Accumulated Depreciation	950,000
NBV	$ 3,165,000
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	414,000
Buildings and Improvements	5,362,000
Costs Capitalized Subsequent to Acquisition	835,000
Gross Amount Carried at Close of Period
Land and Improvements	414,000
Buildings and Improvements	6,197,000
Total	6,611,000
Accumulated Depreciation	2,240,000
NBV	$ 4,371,000
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	956,000
Buildings and Improvements	3,472,000
Costs Capitalized Subsequent to Acquisition	(2,000)
Gross Amount Carried at Close of Period
Land and Improvements	956,000
Buildings and Improvements	3,470,000
Total	4,426,000
Accumulated Depreciation	2,198,000
NBV	$ 2,228,000
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	440,000
Buildings and Improvements	4,771,000
Costs Capitalized Subsequent to Acquisition	67,000
Gross Amount Carried at Close of Period
Land and Improvements	440,000
Buildings and Improvements	4,838,000
Total	5,278,000
Accumulated Depreciation	1,690,000
NBV	$ 3,588,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Heart Center Medical Office Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,063,000
Buildings and Improvements	12,140,000
Costs Capitalized Subsequent to Acquisition	718,000
Gross Amount Carried at Close of Period
Land and Improvements	1,063,000
Buildings and Improvements	12,858,000
Total	13,921,000
Accumulated Depreciation	4,464,000
NBV	$ 9,457,000
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	123,000
Buildings and Improvements	18,062,000
Costs Capitalized Subsequent to Acquisition	1,113,000
Gross Amount Carried at Close of Period
Land and Improvements	123,000
Buildings and Improvements	19,175,000
Total	19,298,000
Accumulated Depreciation	5,078,000
NBV	$ 14,220,000
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	239,000
Buildings and Improvements	2,263,000
Costs Capitalized Subsequent to Acquisition	570,000
Gross Amount Carried at Close of Period
Land and Improvements	239,000
Buildings and Improvements	2,833,000
Total	3,072,000
Accumulated Depreciation	1,233,000
NBV	$ 1,839,000
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	342,000
Buildings and Improvements	3,278,000
Costs Capitalized Subsequent to Acquisition	281,000
Gross Amount Carried at Close of Period
Land and Improvements	342,000
Buildings and Improvements	3,559,000
Total	3,901,000
Accumulated Depreciation	1,459,000
NBV	$ 2,442,000
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	2,449,000
Buildings and Improvements	7,025,000
Costs Capitalized Subsequent to Acquisition	1,211,000
Gross Amount Carried at Close of Period
Land and Improvements	2,449,000
Buildings and Improvements	8,236,000
Total	10,685,000
Accumulated Depreciation	2,893,000
NBV	$ 7,792,000
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	172,000
Buildings and Improvements	9,403,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	172,000
Buildings and Improvements	9,403,000
Total	9,575,000
Accumulated Depreciation	2,722,000
NBV	$ 6,853,000
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	534,000
Buildings and Improvements	855,000
Costs Capitalized Subsequent to Acquisition	99,000
Gross Amount Carried at Close of Period
Land and Improvements	534,000
Buildings and Improvements	954,000
Total	1,488,000
Accumulated Depreciation	661,000
NBV	$ 827,000
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	538,000
Buildings and Improvements	3,781,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	538,000
Buildings and Improvements	3,781,000
Total	4,319,000
Accumulated Depreciation	1,492,000
NBV	$ 2,827,000
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	429,000
Buildings and Improvements	2,405,000
Costs Capitalized Subsequent to Acquisition	666,000
Gross Amount Carried at Close of Period
Land and Improvements	436,000
Buildings and Improvements	3,064,000
Total	3,500,000
Accumulated Depreciation	1,598,000
NBV	$ 1,902,000
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	485,000
Buildings and Improvements	6,013,000
Costs Capitalized Subsequent to Acquisition	1,537,000
Gross Amount Carried at Close of Period
Land and Improvements	532,000
Buildings and Improvements	7,503,000
Total	8,035,000
Accumulated Depreciation	3,539,000
NBV	$ 4,496,000
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	94,000
Buildings and Improvements	1,248,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	94,000
Buildings and Improvements	1,248,000
Total	1,342,000
Accumulated Depreciation	615,000
NBV	$ 727,000
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	130,000
Buildings and Improvements	1,344,000
Costs Capitalized Subsequent to Acquisition	648,000
Gross Amount Carried at Close of Period
Land and Improvements	130,000
Buildings and Improvements	1,992,000
Total	2,122,000
Accumulated Depreciation	1,060,000
NBV	$ 1,062,000
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	82,000
Buildings and Improvements	1,541,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	82,000
Buildings and Improvements	1,541,000
Total	1,623,000
Accumulated Depreciation	654,000
NBV	$ 969,000
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	105,000
Buildings and Improvements	1,201,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	105,000
Buildings and Improvements	1,201,000
Total	1,306,000
Accumulated Depreciation	609,000
NBV	$ 697,000
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings \| Crozer - Keystone MOB II, 7760 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,178,000
Buildings and Improvements	6,523,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,178,000
Buildings and Improvements	6,523,000
Total	11,701,000
Accumulated Depreciation	1,555,000
NBV	$ 10,146,000
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings \| Doylestown Health & Wellness Center, 6636 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,452,000
Buildings and Improvements	17,383,000
Costs Capitalized Subsequent to Acquisition	1,191,000
Gross Amount Carried at Close of Period
Land and Improvements	4,497,000
Buildings and Improvements	18,529,000
Total	23,026,000
Accumulated Depreciation	6,248,000
NBV	$ 16,778,000
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings \| Roper Medical Office Building, 6541 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	127,000
Buildings and Improvements	14,737,000
Costs Capitalized Subsequent to Acquisition	4,116,000
Gross Amount Carried at Close of Period
Land and Improvements	127,000
Buildings and Improvements	18,853,000
Total	18,980,000
Accumulated Depreciation	7,044,000
NBV	$ 11,936,000
Life on Which Depreciation in Income Statement is Computed	28 years
Medical Office Buildings \| St. Francis Medical Plaza (Charleston), 6543 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	447,000
Buildings and Improvements	3,946,000
Costs Capitalized Subsequent to Acquisition	711,000
Gross Amount Carried at Close of Period
Land and Improvements	447,000
Buildings and Improvements	4,657,000
Total	5,104,000
Accumulated Depreciation	1,874,000
NBV	$ 3,230,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Providence MOB I, 6526 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	225,000
Buildings and Improvements	4,274,000
Costs Capitalized Subsequent to Acquisition	884,000
Gross Amount Carried at Close of Period
Land and Improvements	225,000
Buildings and Improvements	5,158,000
Total	5,383,000
Accumulated Depreciation	2,809,000
NBV	$ 2,574,000
Life on Which Depreciation in Income Statement is Computed	18 years
Medical Office Buildings \| Providence MOB II, 6527 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	122,000
Buildings and Improvements	1,834,000
Costs Capitalized Subsequent to Acquisition	289,000
Gross Amount Carried at Close of Period
Land and Improvements	150,000
Buildings and Improvements	2,095,000
Total	2,245,000
Accumulated Depreciation	1,104,000
NBV	$ 1,141,000
Life on Which Depreciation in Income Statement is Computed	18 years
Medical Office Buildings \| Providence MOB III, 6528 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	766,000
Buildings and Improvements	4,406,000
Costs Capitalized Subsequent to Acquisition	946,000
Gross Amount Carried at Close of Period
Land and Improvements	766,000
Buildings and Improvements	5,352,000
Total	6,118,000
Accumulated Depreciation	2,174,000
NBV	$ 3,944,000
Life on Which Depreciation in Income Statement is Computed	23 years
Medical Office Buildings \| One Medical Park, 6529 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	210,000
Buildings and Improvements	7,939,000
Costs Capitalized Subsequent to Acquisition	2,190,000
Gross Amount Carried at Close of Period
Land and Improvements	214,000
Buildings and Improvements	10,125,000
Total	10,339,000
Accumulated Depreciation	4,568,000
NBV	$ 5,771,000
Life on Which Depreciation in Income Statement is Computed	19 years
Medical Office Buildings \| Three Medical Park, 6530 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	40,000
Buildings and Improvements	10,650,000
Costs Capitalized Subsequent to Acquisition	1,912,000
Gross Amount Carried at Close of Period
Land and Improvements	40,000
Buildings and Improvements	12,562,000
Total	12,602,000
Accumulated Depreciation	5,219,000
NBV	$ 7,383,000
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings \| St. Francis Millennium Medical Office Building, 3070 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 14,161,000
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	13,062,000
Costs Capitalized Subsequent to Acquisition	10,711,000
Gross Amount Carried at Close of Period
Land and Improvements	30,000
Buildings and Improvements	23,743,000
Total	23,773,000
Accumulated Depreciation	12,135,000
NBV	$ 11,638,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| 200 Andrews, 6550 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	789,000
Buildings and Improvements	2,014,000
Costs Capitalized Subsequent to Acquisition	1,559,000
Gross Amount Carried at Close of Period
Land and Improvements	810,000
Buildings and Improvements	3,552,000
Total	4,362,000
Accumulated Depreciation	1,827,000
NBV	$ 2,535,000
Life on Which Depreciation in Income Statement is Computed	29 years
Medical Office Buildings \| St. Francis CMOB, 6552 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	501,000
Buildings and Improvements	7,661,000
Costs Capitalized Subsequent to Acquisition	1,068,000
Gross Amount Carried at Close of Period
Land and Improvements	501,000
Buildings and Improvements	8,729,000
Total	9,230,000
Accumulated Depreciation	2,850,000
NBV	$ 6,380,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Healthplex, 6959 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,488,000
Buildings and Improvements	15,849,000
Costs Capitalized Subsequent to Acquisition	1,199,000
Gross Amount Carried at Close of Period
Land and Improvements	2,649,000
Buildings and Improvements	16,887,000
Total	19,536,000
Accumulated Depreciation	6,803,000
NBV	$ 12,733,000
Life on Which Depreciation in Income Statement is Computed	32 years
Medical Office Buildings \| Physicians Pavilion, 6960 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	422,000
Buildings and Improvements	6,297,000
Costs Capitalized Subsequent to Acquisition	1,577,000
Gross Amount Carried at Close of Period
Land and Improvements	422,000
Buildings and Improvements	7,874,000
Total	8,296,000
Accumulated Depreciation	3,627,000
NBV	$ 4,669,000
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings \| Zanesville Northside Pharmacy, 6961 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	42,000
Buildings and Improvements	635,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	42,000
Buildings and Improvements	635,000
Total	677,000
Accumulated Depreciation	278,000
NBV	$ 399,000
Life on Which Depreciation in Income Statement is Computed	28 years
Medical Office Buildings \| Bethesda Campus MOB III, 6962 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	188,000
Buildings and Improvements	1,137,000
Costs Capitalized Subsequent to Acquisition	234,000
Gross Amount Carried at Close of Period
Land and Improvements	199,000
Buildings and Improvements	1,360,000
Total	1,559,000
Accumulated Depreciation	633,000
NBV	$ 926,000
Life on Which Depreciation in Income Statement is Computed	25 years
Medical Office Buildings \| Tuality 7th Avenue Medical Plaza, 6814 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 17,554,000
Initial Cost to Company
Land and Improvements	1,516,000
Buildings and Improvements	24,638,000
Costs Capitalized Subsequent to Acquisition	1,476,000
Gross Amount Carried at Close of Period
Land and Improvements	1,546,000
Buildings and Improvements	26,084,000
Total	27,630,000
Accumulated Depreciation	8,783,000
NBV	$ 18,847,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Professional Office Building I, 3002 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	6,283,000
Costs Capitalized Subsequent to Acquisition	3,330,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	9,613,000
Total	9,613,000
Accumulated Depreciation	5,057,000
NBV	$ 4,556,000
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings \| DCMH Medical Office Building, 3003 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	10,424,000
Costs Capitalized Subsequent to Acquisition	2,612,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	13,036,000
Total	13,036,000
Accumulated Depreciation	7,072,000
NBV	$ 5,964,000
Life on Which Depreciation in Income Statement is Computed	30 years
Medical Office Buildings \| Pinnacle Health, 7762 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,574,000
Buildings and Improvements	16,767,000
Costs Capitalized Subsequent to Acquisition	943,000
Gross Amount Carried at Close of Period
Land and Improvements	2,766,000
Buildings and Improvements	17,518,000
Total	20,284,000
Accumulated Depreciation	3,556,000
NBV	$ 16,728,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Lancaster Rehabilitation Hospital, 6605 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	959,000
Buildings and Improvements	16,610,000
Costs Capitalized Subsequent to Acquisition	(16,000)
Gross Amount Carried at Close of Period
Land and Improvements	959,000
Buildings and Improvements	16,594,000
Total	17,553,000
Accumulated Depreciation	5,141,000
NBV	$ 12,412,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Lancaster ASC MOB, 6632 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	593,000
Buildings and Improvements	17,117,000
Costs Capitalized Subsequent to Acquisition	491,000
Gross Amount Carried at Close of Period
Land and Improvements	593,000
Buildings and Improvements	17,608,000
Total	18,201,000
Accumulated Depreciation	5,964,000
NBV	$ 12,237,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| St. Joseph Medical Office Building, 6340 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	10,823,000
Costs Capitalized Subsequent to Acquisition	811,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	11,634,000
Total	11,634,000
Accumulated Depreciation	4,326,000
NBV	$ 7,308,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Crozer - Keystone MOB I, 7759 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	9,130,000
Buildings and Improvements	47,078,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	9,130,000
Buildings and Improvements	47,078,000
Total	56,208,000
Accumulated Depreciation	10,551,000
NBV	$ 45,657,000
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	342,000
Buildings and Improvements	6,337,000
Costs Capitalized Subsequent to Acquisition	1,944,000
Gross Amount Carried at Close of Period
Land and Improvements	371,000
Buildings and Improvements	8,252,000
Total	8,623,000
Accumulated Depreciation	3,295,000
NBV	$ 5,328,000
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	322,000
Buildings and Improvements	4,877,000
Costs Capitalized Subsequent to Acquisition	1,195,000
Gross Amount Carried at Close of Period
Land and Improvements	322,000
Buildings and Improvements	6,072,000
Total	6,394,000
Accumulated Depreciation	2,886,000
NBV	$ 3,508,000
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	88,000
Buildings and Improvements	5,876,000
Costs Capitalized Subsequent to Acquisition	2,006,000
Gross Amount Carried at Close of Period
Land and Improvements	98,000
Buildings and Improvements	7,872,000
Total	7,970,000
Accumulated Depreciation	2,839,000
NBV	$ 5,131,000
Life on Which Depreciation in Income Statement is Computed	24 years
Medical Office Buildings \| 6536, River Hills Medical Plaza
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,406,000
Buildings and Improvements	1,813,000
Costs Capitalized Subsequent to Acquisition	199,000
Gross Amount Carried at Close of Period
Land and Improvements	1,406,000
Buildings and Improvements	2,012,000
Total	3,418,000
Accumulated Depreciation	1,025,000
NBV	$ 2,393,000
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	670,000
Buildings and Improvements	4,455,000
Costs Capitalized Subsequent to Acquisition	1,268,000
Gross Amount Carried at Close of Period
Land and Improvements	632,000
Buildings and Improvements	5,761,000
Total	6,393,000
Accumulated Depreciation	2,432,000
NBV	$ 3,961,000
Life on Which Depreciation in Income Statement is Computed	34 years
Medical Office Buildings \| Fenton Urgent Care Center, 2987
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	823,000
Buildings and Improvements	3,299,000
Costs Capitalized Subsequent to Acquisition	492,000
Gross Amount Carried at Close of Period
Land and Improvements	823,000
Buildings and Improvements	3,791,000
Total	4,614,000
Accumulated Depreciation	1,487,000
NBV	$ 3,127,000
Life on Which Depreciation in Income Statement is Computed	28 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	291,000
Buildings and Improvements	5,057,000
Costs Capitalized Subsequent to Acquisition	610,000
Gross Amount Carried at Close of Period
Land and Improvements	300,000
Buildings and Improvements	5,658,000
Total	5,958,000
Accumulated Depreciation	2,166,000
NBV	$ 3,792,000
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	1,333,000
Buildings and Improvements	15,756,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,333,000
Buildings and Improvements	15,756,000
Total	17,089,000
Accumulated Depreciation	2,564,000
NBV	$ 14,525,000
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	207,000
Buildings and Improvements	17,963,000
Costs Capitalized Subsequent to Acquisition	760,000
Gross Amount Carried at Close of Period
Land and Improvements	286,000
Buildings and Improvements	18,644,000
Total	18,930,000
Accumulated Depreciation	3,385,000
NBV	$ 15,545,000
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	999,000
Buildings and Improvements	5,027,000
Costs Capitalized Subsequent to Acquisition	110,000
Gross Amount Carried at Close of Period
Land and Improvements	1,032,000
Buildings and Improvements	5,104,000
Total	6,136,000
Accumulated Depreciation	1,067,000
NBV	$ 5,069,000
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	$ 0
Initial Cost to Company
Land and Improvements	2,305,000
Buildings and Improvements	8,949,000
Costs Capitalized Subsequent to Acquisition	701,000
Gross Amount Carried at Close of Period
Land and Improvements	2,305,000
Buildings and Improvements	9,650,000
Total	11,955,000
Accumulated Depreciation	3,116,000
NBV	$ 8,839,000
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	1,217,000
Buildings and Improvements	6,464,000
Costs Capitalized Subsequent to Acquisition	22,000
Gross Amount Carried at Close of Period
Land and Improvements	1,217,000
Buildings and Improvements	6,486,000
Total	7,703,000
Accumulated Depreciation	2,128,000
NBV	$ 5,575,000
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	298,000
Buildings and Improvements	618,000
Costs Capitalized Subsequent to Acquisition	121,000
Gross Amount Carried at Close of Period
Land and Improvements	298,000
Buildings and Improvements	739,000
Total	1,037,000
Accumulated Depreciation	259,000
NBV	$ 778,000
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	221,000
Buildings and Improvements	2,719,000
Costs Capitalized Subsequent to Acquisition	175,000
Gross Amount Carried at Close of Period
Land and Improvements	221,000
Buildings and Improvements	2,894,000
Total	3,115,000
Accumulated Depreciation	697,000
NBV	$ 2,418,000
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	$ 12,693,000
Initial Cost to Company
Land and Improvements	549,000
Buildings and Improvements	27,074,000
Costs Capitalized Subsequent to Acquisition	97,000
Gross Amount Carried at Close of Period
Land and Improvements	598,000
Buildings and Improvements	27,122,000
Total	27,720,000
Accumulated Depreciation	9,104,000
NBV	$ 18,616,000
Life on Which Depreciation in Income Statement is Computed	35 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	129,000
Buildings and Improvements	1,012,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	129,000
Buildings and Improvements	1,012,000
Total	1,141,000
Accumulated Depreciation	425,000
NBV	$ 716,000
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	2,781,000
Buildings and Improvements	24,515,000
Costs Capitalized Subsequent to Acquisition	545,000
Gross Amount Carried at Close of Period
Land and Improvements	2,845,000
Buildings and Improvements	24,996,000
Total	27,841,000
Accumulated Depreciation	4,372,000
NBV	$ 23,469,000
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	805,000
Buildings and Improvements	41,527,000
Costs Capitalized Subsequent to Acquisition	4,113,000
Gross Amount Carried at Close of Period
Land and Improvements	1,329,000
Buildings and Improvements	45,116,000
Total	46,445,000
Accumulated Depreciation	12,431,000
NBV	$ 34,014,000
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	444,000
Buildings and Improvements	22,632,000
Costs Capitalized Subsequent to Acquisition	3,605,000
Gross Amount Carried at Close of Period
Land and Improvements	444,000
Buildings and Improvements	26,237,000
Total	26,681,000
Accumulated Depreciation	7,276,000
NBV	$ 19,405,000
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	294,000
Buildings and Improvements	5,311,000
Costs Capitalized Subsequent to Acquisition	516,000
Gross Amount Carried at Close of Period
Land and Improvements	294,000
Buildings and Improvements	5,827,000
Total	6,121,000
Accumulated Depreciation	1,551,000
NBV	$ 4,570,000
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	447,000
Buildings and Improvements	10,154,000
Costs Capitalized Subsequent to Acquisition	71,000
Gross Amount Carried at Close of Period
Land and Improvements	447,000
Buildings and Improvements	10,225,000
Total	10,672,000
Accumulated Depreciation	2,879,000
NBV	$ 7,793,000
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	1,036,000
Buildings and Improvements	6,576,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,036,000
Buildings and Improvements	6,576,000
Total	7,612,000
Accumulated Depreciation	1,378,000
NBV	$ 6,234,000
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	356,000
Buildings and Improvements	2,877,000
Costs Capitalized Subsequent to Acquisition	1,178,000
Gross Amount Carried at Close of Period
Land and Improvements	328,000
Buildings and Improvements	4,083,000
Total	4,411,000
Accumulated Depreciation	2,860,000
NBV	$ 1,551,000
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	671,000
Buildings and Improvements	426,000
Costs Capitalized Subsequent to Acquisition	10,000
Gross Amount Carried at Close of Period
Land and Improvements	237,000
Buildings and Improvements	870,000
Total	1,107,000
Accumulated Depreciation	993,000
NBV	$ 114,000
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	822,000
Buildings and Improvements	14,307,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	822,000
Buildings and Improvements	14,307,000
Total	15,129,000
Accumulated Depreciation	2,445,000
NBV	$ 12,684,000
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	534,000
Buildings and Improvements	5,104,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	534,000
Buildings and Improvements	5,104,000
Total	5,638,000
Accumulated Depreciation	1,000,000
NBV	$ 4,638,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Fenton Urgent Care Center, 2987
Real Estate and Accumulated Depreciation
Encumbrances	$ 9,169,000
Initial Cost to Company
Land and Improvements	270,000
Buildings and Improvements	20,169,000
Costs Capitalized Subsequent to Acquisition	372,000
Gross Amount Carried at Close of Period
Land and Improvements	270,000
Buildings and Improvements	20,541,000
Total	20,811,000
Accumulated Depreciation	766,000
NBV	$ 20,045,000
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	121,000
Buildings and Improvements	8,935,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	121,000
Buildings and Improvements	8,935,000
Total	9,056,000
Accumulated Depreciation	1,588,000
NBV	$ 7,468,000
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	3,081,000
Buildings and Improvements	8,890,000
Costs Capitalized Subsequent to Acquisition	94,000
Gross Amount Carried at Close of Period
Land and Improvements	3,081,000
Buildings and Improvements	8,984,000
Total	12,065,000
Accumulated Depreciation	1,945,000
NBV	$ 10,120,000
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	15,074,000
Costs Capitalized Subsequent to Acquisition	693,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	15,767,000
Total	15,767,000
Accumulated Depreciation	5,798,000
NBV	$ 9,969,000
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	1,186,000
Buildings and Improvements	15,397,000
Costs Capitalized Subsequent to Acquisition	439,000
Gross Amount Carried at Close of Period
Land and Improvements	1,243,000
Buildings and Improvements	15,779,000
Total	17,022,000
Accumulated Depreciation	3,074,000
NBV	$ 13,948,000
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	814,000
Buildings and Improvements	5,903,000
Costs Capitalized Subsequent to Acquisition	137,000
Gross Amount Carried at Close of Period
Land and Improvements	814,000
Buildings and Improvements	6,040,000
Total	6,854,000
Accumulated Depreciation	1,361,000
NBV	$ 5,493,000
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	2,165,000
Buildings and Improvements	8,212,000
Costs Capitalized Subsequent to Acquisition	155,000
Gross Amount Carried at Close of Period
Land and Improvements	2,165,000
Buildings and Improvements	8,367,000
Total	10,532,000
Accumulated Depreciation	1,475,000
NBV	$ 9,057,000
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	1,669,000
Buildings and Improvements	7,024,000
Costs Capitalized Subsequent to Acquisition	648,000
Gross Amount Carried at Close of Period
Land and Improvements	1,669,000
Buildings and Improvements	7,672,000
Total	9,341,000
Accumulated Depreciation	3,462,000
NBV	$ 5,879,000
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	968,000
Buildings and Improvements	6,189,000
Costs Capitalized Subsequent to Acquisition	1,354,000
Gross Amount Carried at Close of Period
Land and Improvements	359,000
Buildings and Improvements	8,152,000
Total	8,511,000
Accumulated Depreciation	3,589,000
NBV	$ 4,922,000
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	227,000
Buildings and Improvements	2,961,000
Costs Capitalized Subsequent to Acquisition	689,000
Gross Amount Carried at Close of Period
Land and Improvements	227,000
Buildings and Improvements	3,650,000
Total	3,877,000
Accumulated Depreciation	1,731,000
NBV	$ 2,146,000
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	3,822,000
Buildings and Improvements	16,127,000
Costs Capitalized Subsequent to Acquisition	21,000
Gross Amount Carried at Close of Period
Land and Improvements	3,822,000
Buildings and Improvements	16,148,000
Total	19,970,000
Accumulated Depreciation	3,020,000
NBV	$ 16,950,000
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	654,000
Buildings and Improvements	18,331,000
Costs Capitalized Subsequent to Acquisition	1,537,000
Gross Amount Carried at Close of Period
Land and Improvements	657,000
Buildings and Improvements	19,865,000
Total	20,522,000
Accumulated Depreciation	3,349,000
NBV	$ 17,173,000
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	$ 10,320,000
Initial Cost to Company
Land and Improvements	5,176,000
Buildings and Improvements	14,375,000
Costs Capitalized Subsequent to Acquisition	205,000
Gross Amount Carried at Close of Period
Land and Improvements	5,176,000
Buildings and Improvements	14,580,000
Total	19,756,000
Accumulated Depreciation	5,127,000
NBV	$ 14,629,000
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	$ 12,311,000
Initial Cost to Company
Land and Improvements	781,000
Buildings and Improvements	30,368,000
Costs Capitalized Subsequent to Acquisition	1,303,000
Gross Amount Carried at Close of Period
Land and Improvements	801,000
Buildings and Improvements	31,651,000
Total	32,452,000
Accumulated Depreciation	9,192,000
NBV	$ 23,260,000
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	19,085,000
Costs Capitalized Subsequent to Acquisition	346,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	19,431,000
Total	19,431,000
Accumulated Depreciation	4,404,000
NBV	$ 15,027,000
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	1,411,000
Buildings and Improvements	32,939,000
Costs Capitalized Subsequent to Acquisition	1,199,000
Gross Amount Carried at Close of Period
Land and Improvements	1,450,000
Buildings and Improvements	34,099,000
Total	35,549,000
Accumulated Depreciation	10,982,000
NBV	$ 24,567,000
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	296,000
Buildings and Improvements	7,856,000
Costs Capitalized Subsequent to Acquisition	44,000
Gross Amount Carried at Close of Period
Land and Improvements	317,000
Buildings and Improvements	7,879,000
Total	8,196,000
Accumulated Depreciation	2,507,000
NBV	$ 5,689,000
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	1,225,000
Buildings and Improvements	31,246,000
Costs Capitalized Subsequent to Acquisition	4,072,000
Gross Amount Carried at Close of Period
Land and Improvements	1,404,000
Buildings and Improvements	35,139,000
Total	36,543,000
Accumulated Depreciation	11,097,000
NBV	$ 25,446,000
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	663,000
Buildings and Improvements	12,626,000
Costs Capitalized Subsequent to Acquisition	1,620,000
Gross Amount Carried at Close of Period
Land and Improvements	690,000
Buildings and Improvements	14,219,000
Total	14,909,000
Accumulated Depreciation	4,438,000
NBV	$ 10,471,000
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	1,325,000
Buildings and Improvements	9,238,000
Costs Capitalized Subsequent to Acquisition	605,000
Gross Amount Carried at Close of Period
Land and Improvements	1,325,000
Buildings and Improvements	9,843,000
Total	11,168,000
Accumulated Depreciation	2,991,000
NBV	$ 8,177,000
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	1,590,000
Buildings and Improvements	5,420,000
Costs Capitalized Subsequent to Acquisition	434,000
Gross Amount Carried at Close of Period
Land and Improvements	1,613,000
Buildings and Improvements	5,831,000
Total	7,444,000
Accumulated Depreciation	2,089,000
NBV	$ 5,355,000
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	281,000
Buildings and Improvements	5,266,000
Costs Capitalized Subsequent to Acquisition	409,000
Gross Amount Carried at Close of Period
Land and Improvements	331,000
Buildings and Improvements	5,625,000
Total	5,956,000
Accumulated Depreciation	1,935,000
NBV	$ 4,021,000
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	7,775,000
Costs Capitalized Subsequent to Acquisition	46,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	7,821,000
Total	7,821,000
Accumulated Depreciation	2,511,000
NBV	$ 5,310,000
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	5,756,000
Costs Capitalized Subsequent to Acquisition	842,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	6,598,000
Total	6,598,000
Accumulated Depreciation	1,989,000
NBV	$ 4,609,000
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	9,058,000
Costs Capitalized Subsequent to Acquisition	200,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	9,258,000
Total	9,258,000
Accumulated Depreciation	3,174,000
NBV	$ 6,084,000
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	2,638,000
Buildings and Improvements	4,093,000
Costs Capitalized Subsequent to Acquisition	(2,198,000)
Gross Amount Carried at Close of Period
Land and Improvements	440,000
Buildings and Improvements	4,093,000
Total	4,533,000
Accumulated Depreciation	1,666,000
NBV	$ 2,867,000
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	1,973,000
Buildings and Improvements	7,579,000
Costs Capitalized Subsequent to Acquisition	149,000
Gross Amount Carried at Close of Period
Land and Improvements	2,029,000
Buildings and Improvements	7,672,000
Total	9,701,000
Accumulated Depreciation	1,607,000
NBV	$ 8,094,000
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	1,223,000
Buildings and Improvements	13,387,000
Costs Capitalized Subsequent to Acquisition	61,000
Gross Amount Carried at Close of Period
Land and Improvements	1,223,000
Buildings and Improvements	13,448,000
Total	14,671,000
Accumulated Depreciation	2,317,000
NBV	$ 12,354,000
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	3,706,000
Buildings and Improvements	22,019,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,706,000
Buildings and Improvements	22,019,000
Total	25,725,000
Accumulated Depreciation	4,292,000
NBV	$ 21,433,000
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	321,000
Buildings and Improvements	5,050,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	321,000
Buildings and Improvements	5,050,000
Total	5,371,000
Accumulated Depreciation	1,756,000
NBV	$ 3,615,000
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	7,546,000
Buildings and Improvements	19,155,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,546,000
Buildings and Improvements	19,155,000
Total	26,701,000
Accumulated Depreciation	3,815,000
NBV	$ 22,886,000
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	678,000
Buildings and Improvements	8,017,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	678,000
Buildings and Improvements	8,017,000
Total	8,695,000
Accumulated Depreciation	1,704,000
NBV	$ 6,991,000
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	7,080,000
Costs Capitalized Subsequent to Acquisition	1,036,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	8,116,000
Total	8,116,000
Accumulated Depreciation	2,587,000
NBV	$ 5,529,000
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	4,462,000
Costs Capitalized Subsequent to Acquisition	95,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	4,557,000
Total	4,557,000
Accumulated Depreciation	1,593,000
NBV	$ 2,964,000
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	2,033,000
Buildings and Improvements	9,072,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,033,000
Buildings and Improvements	9,072,000
Total	11,105,000
Accumulated Depreciation	1,898,000
NBV	$ 9,207,000
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	678,000
Buildings and Improvements	7,121,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	678,000
Buildings and Improvements	7,121,000
Total	7,799,000
Accumulated Depreciation	2,663,000
NBV	$ 5,136,000
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	4,623,000
Buildings and Improvements	5,527,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,623,000
Buildings and Improvements	5,527,000
Total	10,150,000
Accumulated Depreciation	1,501,000
NBV	$ 8,649,000
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	823,000
Buildings and Improvements	11,649,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	823,000
Buildings and Improvements	11,649,000
Total	12,472,000
Accumulated Depreciation	4,380,000
NBV	$ 8,092,000
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	5,638,000
Buildings and Improvements	25,308,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,638,000
Buildings and Improvements	25,308,000
Total	30,946,000
Accumulated Depreciation	4,972,000
NBV	$ 25,974,000
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	166,000
Buildings and Improvements	3,234,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	166,000
Buildings and Improvements	3,234,000
Total	3,400,000
Accumulated Depreciation	1,084,000
NBV	$ 2,316,000
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	218,000
Buildings and Improvements	5,273,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	218,000
Buildings and Improvements	5,273,000
Total	5,491,000
Accumulated Depreciation	1,790,000
NBV	$ 3,701,000
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	372,000
Buildings and Improvements	15,636,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	372,000
Buildings and Improvements	15,636,000
Total	16,008,000
Accumulated Depreciation	4,665,000
NBV	$ 11,343,000
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	8,012,000
Buildings and Improvements	15,992,000
Costs Capitalized Subsequent to Acquisition	76,000
Gross Amount Carried at Close of Period
Land and Improvements	8,012,000
Buildings and Improvements	16,068,000
Total	24,080,000
Accumulated Depreciation	3,851,000
NBV	$ 20,229,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| Community Physicians Pavilion, 6310 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	10,436,000
Costs Capitalized Subsequent to Acquisition	1,801,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	12,237,000
Total	12,237,000
Accumulated Depreciation	4,529,000
NBV	$ 7,708,000
Life on Which Depreciation in Income Statement is Computed	35 years
Medical Office Buildings \| St. Francis Outpatient Surgery Center, 6553 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,007,000
Buildings and Improvements	16,538,000
Costs Capitalized Subsequent to Acquisition	997,000
Gross Amount Carried at Close of Period
Land and Improvements	1,007,000
Buildings and Improvements	17,535,000
Total	18,542,000
Accumulated Depreciation	6,253,000
NBV	$ 12,289,000
Life on Which Depreciation in Income Statement is Computed	35 years
Life Sciences Office Buildings
Real Estate and Accumulated Depreciation
Encumbrances	$ 252,252,000
Initial Cost to Company
Land and Improvements	126,447,000
Buildings and Improvements	2,042,875,000
Costs Capitalized Subsequent to Acquisition	108,745,000
Gross Amount Carried at Close of Period
Land and Improvements	125,761,000
Buildings and Improvements	2,152,306,000
Total	2,278,067,000
Accumulated Depreciation	150,887,000
NBV	2,127,180,000
Research and Innovation Center \| 6794 Phoenix Biomedical Campus
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	26,493,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	26,493,000
Total	26,493,000
Accumulated Depreciation	0
NBV	26,493,000
Research and Innovation Center \| 6750, 100 College Street
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	2,706,000
Buildings and Improvements	186,570,000
Costs Capitalized Subsequent to Acquisition	6,213,000
Gross Amount Carried at Close of Period
Land and Improvements	2,706,000
Buildings and Improvements	192,783,000
Total	195,489,000
Accumulated Depreciation	13,295,000
NBV	$ 182,194,000
Life on Which Depreciation in Income Statement is Computed	59 years
Research and Innovation Center \| 6751, 300 George Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,262,000
Buildings and Improvements	122,144,000
Costs Capitalized Subsequent to Acquisition	6,217,000
Gross Amount Carried at Close of Period
Land and Improvements	2,582,000
Buildings and Improvements	128,041,000
Total	130,623,000
Accumulated Depreciation	9,486,000
NBV	$ 121,137,000
Life on Which Depreciation in Income Statement is Computed	50 years
Research and Innovation Center \| 6769, Univ. of Miami Life Science and Technology Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,249,000
Buildings and Improvements	87,019,000
Costs Capitalized Subsequent to Acquisition	5,722,000
Gross Amount Carried at Close of Period
Land and Improvements	2,253,000
Buildings and Improvements	92,737,000
Total	94,990,000
Accumulated Depreciation	8,581,000
NBV	$ 86,409,000
Life on Which Depreciation in Income Statement is Computed	53 years
Research and Innovation Center \| 6768, IIT
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	30,000
Buildings and Improvements	55,620,000
Costs Capitalized Subsequent to Acquisition	678,000
Gross Amount Carried at Close of Period
Land and Improvements	30,000
Buildings and Improvements	56,298,000
Total	56,328,000
Accumulated Depreciation	4,500,000
NBV	$ 51,828,000
Life on Which Depreciation in Income Statement is Computed	46 years
Research and Innovation Center \| 1030 Mass Ave, 6795 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	12,175,000
Buildings and Improvements	112,809,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	12,175,000
Buildings and Improvements	112,809,000
Total	124,984,000
Accumulated Depreciation	2,536,000
NBV	$ 122,448,000
Life on Which Depreciation in Income Statement is Computed	35 years
Research and Innovation Center \| 6755, University of Maryland BioPark I Unit
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	113,000
Buildings and Improvements	25,199,000
Costs Capitalized Subsequent to Acquisition	793,000
Gross Amount Carried at Close of Period
Land and Improvements	113,000
Buildings and Improvements	25,992,000
Total	26,105,000
Accumulated Depreciation	2,015,000
NBV	$ 24,090,000
Life on Which Depreciation in Income Statement is Computed	50 years
Research and Innovation Center \| 6756, University of Maryland BioPark II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	61,000
Buildings and Improvements	91,764,000
Costs Capitalized Subsequent to Acquisition	4,294,000
Gross Amount Carried at Close of Period
Land and Improvements	61,000
Buildings and Improvements	96,058,000
Total	96,119,000
Accumulated Depreciation	7,968,000
NBV	$ 88,151,000
Life on Which Depreciation in Income Statement is Computed	50 years
Research and Innovation Center \| 6757, University of Maryland BioPark Garage
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	77,000
Buildings and Improvements	4,677,000
Costs Capitalized Subsequent to Acquisition	350,000
Gross Amount Carried at Close of Period
Land and Improvements	77,000
Buildings and Improvements	5,027,000
Total	5,104,000
Accumulated Depreciation	675,000
NBV	$ 4,429,000
Life on Which Depreciation in Income Statement is Computed	29 years
Research and Innovation Center \| 6758, Tributary Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,015,000
Buildings and Improvements	15,905,000
Costs Capitalized Subsequent to Acquisition	597,000
Gross Amount Carried at Close of Period
Land and Improvements	4,015,000
Buildings and Improvements	16,502,000
Total	20,517,000
Accumulated Depreciation	1,925,000
NBV	$ 18,592,000
Life on Which Depreciation in Income Statement is Computed	45 years
Research and Innovation Center \| 6759, Beckley Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,813,000
Buildings and Improvements	13,481,000
Costs Capitalized Subsequent to Acquisition	558,000
Gross Amount Carried at Close of Period
Land and Improvements	2,813,000
Buildings and Improvements	14,039,000
Total	16,852,000
Accumulated Depreciation	1,688,000
NBV	$ 15,164,000
Life on Which Depreciation in Income Statement is Computed	45 years
Research and Innovation Center \| 6776, 873 West Baltimore Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,067,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,067,000
Buildings and Improvements	0
Total	1,067,000
Accumulated Depreciation	0
NBV	1,067,000
Research and Innovation Center \| 6765, Heritage at 4240
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	403,000
Buildings and Improvements	47,125,000
Costs Capitalized Subsequent to Acquisition	836,000
Gross Amount Carried at Close of Period
Land and Improvements	452,000
Buildings and Improvements	47,912,000
Total	48,364,000
Accumulated Depreciation	4,994,000
NBV	$ 43,370,000
Life on Which Depreciation in Income Statement is Computed	45 years
Research and Innovation Center \| 6766, Cortex 1
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	631,000
Buildings and Improvements	26,543,000
Costs Capitalized Subsequent to Acquisition	1,142,000
Gross Amount Carried at Close of Period
Land and Improvements	631,000
Buildings and Improvements	27,685,000
Total	28,316,000
Accumulated Depreciation	3,091,000
NBV	$ 25,225,000
Life on Which Depreciation in Income Statement is Computed	50 years
Research and Innovation Center \| 6767, BRDG Park
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	606,000
Buildings and Improvements	37,083,000
Costs Capitalized Subsequent to Acquisition	2,193,000
Gross Amount Carried at Close of Period
Land and Improvements	606,000
Buildings and Improvements	39,276,000
Total	39,882,000
Accumulated Depreciation	3,326,000
NBV	$ 36,556,000
Life on Which Depreciation in Income Statement is Computed	52 years
Research and Innovation Center \| 4220 Duncan Avenue
Real Estate and Accumulated Depreciation
Encumbrances	$ 13,856,000
Initial Cost to Company
Land and Improvements	1,871,000
Buildings and Improvements	35,044,000
Costs Capitalized Subsequent to Acquisition	4,150,000
Gross Amount Carried at Close of Period
Land and Improvements	1,871,000
Buildings and Improvements	39,194,000
Total	41,065,000
Accumulated Depreciation	2,633,000
NBV	$ 38,432,000
Life on Which Depreciation in Income Statement is Computed	35 years
Research and Innovation Center \| 6775, 311 South Sarah Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,154,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,154,000
Buildings and Improvements	0
Total	5,154,000
Accumulated Depreciation	158,000
NBV	4,996,000
Research and Innovation Center \| 4300 Duncan
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	2,818,000
Buildings and Improvements	46,749,000
Costs Capitalized Subsequent to Acquisition	18,000
Gross Amount Carried at Close of Period
Land and Improvements	2,818,000
Buildings and Improvements	46,767,000
Total	49,585,000
Accumulated Depreciation	3,264,000
NBV	$ 46,321,000
Life on Which Depreciation in Income Statement is Computed	35 years
Research and Innovation Center \| 6764, Weston Parkway
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,372,000
Buildings and Improvements	6,535,000
Costs Capitalized Subsequent to Acquisition	1,743,000
Gross Amount Carried at Close of Period
Land and Improvements	1,372,000
Buildings and Improvements	8,278,000
Total	9,650,000
Accumulated Depreciation	1,080,000
NBV	$ 8,570,000
Life on Which Depreciation in Income Statement is Computed	50 years
Research and Innovation Center \| 6763, Patriot Drive
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,960,000
Buildings and Improvements	10,749,000
Costs Capitalized Subsequent to Acquisition	372,000
Gross Amount Carried at Close of Period
Land and Improvements	1,960,000
Buildings and Improvements	11,121,000
Total	13,081,000
Accumulated Depreciation	1,067,000
NBV	$ 12,014,000
Life on Which Depreciation in Income Statement is Computed	50 years
Research and Innovation Center \| 6773, 701 W. Main Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,594,000
Buildings and Improvements	57,781,000
Costs Capitalized Subsequent to Acquisition	4,801,000
Gross Amount Carried at Close of Period
Land and Improvements	3,619,000
Buildings and Improvements	62,557,000
Total	66,176,000
Accumulated Depreciation	9,602,000
NBV	$ 56,574,000
Life on Which Depreciation in Income Statement is Computed	60 years
Research and Innovation Center \| 6762, Paramount Parkway
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,016,000
Buildings and Improvements	19,794,000
Costs Capitalized Subsequent to Acquisition	617,000
Gross Amount Carried at Close of Period
Land and Improvements	1,016,000
Buildings and Improvements	20,411,000
Total	21,427,000
Accumulated Depreciation	2,172,000
NBV	$ 19,255,000
Life on Which Depreciation in Income Statement is Computed	45 years
Research and Innovation Center \| 6760, Wake 90
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,752,000
Buildings and Improvements	79,949,000
Costs Capitalized Subsequent to Acquisition	1,296,000
Gross Amount Carried at Close of Period
Land and Improvements	2,752,000
Buildings and Improvements	81,245,000
Total	83,997,000
Accumulated Depreciation	8,056,000
NBV	$ 75,941,000
Life on Which Depreciation in Income Statement is Computed	40 years
Research and Innovation Center \| 6761, Wake 91
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,729,000
Buildings and Improvements	73,690,000
Costs Capitalized Subsequent to Acquisition	19,000
Gross Amount Carried at Close of Period
Land and Improvements	1,729,000
Buildings and Improvements	73,709,000
Total	75,438,000
Accumulated Depreciation	5,988,000
NBV	$ 69,450,000
Life on Which Depreciation in Income Statement is Computed	50 years
Research and Innovation Center \| 6772, Wake 60
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,000,000
Initial Cost to Company
Land and Improvements	1,243,000
Buildings and Improvements	83,414,000
Costs Capitalized Subsequent to Acquisition	1,370,000
Gross Amount Carried at Close of Period
Land and Improvements	1,243,000
Buildings and Improvements	84,784,000
Total	86,027,000
Accumulated Depreciation	9,164,000
NBV	$ 76,863,000
Life on Which Depreciation in Income Statement is Computed	35 years
Research and Innovation Center \| 6774, 450 North Patterson Avenue
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,930,000
Buildings and Improvements	34,122,000
Costs Capitalized Subsequent to Acquisition	155,000
Gross Amount Carried at Close of Period
Land and Improvements	846,000
Buildings and Improvements	35,361,000
Total	36,207,000
Accumulated Depreciation	2,737,000
NBV	$ 33,470,000
Life on Which Depreciation in Income Statement is Computed	35 years
Research and Innovation Center \| 6754, Hershey Center Unit 1
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	813,000
Buildings and Improvements	23,699,000
Costs Capitalized Subsequent to Acquisition	937,000
Gross Amount Carried at Close of Period
Land and Improvements	813,000
Buildings and Improvements	24,636,000
Total	25,449,000
Accumulated Depreciation	2,213,000
NBV	$ 23,236,000
Life on Which Depreciation in Income Statement is Computed	50 years
Research and Innovation Center \| 6752, 3737 Market Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 67,945,000
Initial Cost to Company
Land and Improvements	40,000
Buildings and Improvements	141,981,000
Costs Capitalized Subsequent to Acquisition	6,110,000
Gross Amount Carried at Close of Period
Land and Improvements	40,000
Buildings and Improvements	148,091,000
Total	148,131,000
Accumulated Depreciation	9,961,000
NBV	$ 138,170,000
Life on Which Depreciation in Income Statement is Computed	54 years
Research and Innovation Center \| 6753, 3711 Market Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	12,320,000
Buildings and Improvements	69,278,000
Costs Capitalized Subsequent to Acquisition	6,796,000
Gross Amount Carried at Close of Period
Land and Improvements	12,320,000
Buildings and Improvements	76,074,000
Total	88,394,000
Accumulated Depreciation	6,103,000
NBV	$ 82,291,000
Life on Which Depreciation in Income Statement is Computed	48 years
Research and Innovation Center \| 6779, 3675 Market Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 111,876,000
Initial Cost to Company
Land and Improvements	11,370,000
Buildings and Improvements	109,846,000
Costs Capitalized Subsequent to Acquisition	42,275,000
Gross Amount Carried at Close of Period
Land and Improvements	11,370,000
Buildings and Improvements	152,121,000
Total	163,491,000
Accumulated Depreciation	5,101,000
NBV	$ 158,390,000
Life on Which Depreciation in Income Statement is Computed	35 years
Research and Innovation Center \| 6780, 3701 Filbert Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,655,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,655,000
Buildings and Improvements	0
Total	3,655,000
Accumulated Depreciation	0
NBV	3,655,000
Research and Innovation Center \| 6781, 115 North 38th Street
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	2,165,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,165,000
Buildings and Improvements	0
Total	2,165,000
Accumulated Depreciation	0
NBV	2,165,000
Research and Innovation Center \| 6782, 225 North 38th Street
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	9,672,000
Buildings and Improvements	1,260,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	9,672,000
Buildings and Improvements	1,260,000
Total	10,932,000
Accumulated Depreciation	0
NBV	10,932,000
Research and Innovation Center \| Fenton Urgent Care Center, 2987
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	4,500,000
Buildings and Improvements	22,157,000
Costs Capitalized Subsequent to Acquisition	96,000
Gross Amount Carried at Close of Period
Land and Improvements	4,500,000
Buildings and Improvements	22,253,000
Total	26,753,000
Accumulated Depreciation	812,000
NBV	$ 25,941,000
Life on Which Depreciation in Income Statement is Computed	35 years
Research and Innovation Center \| Drexel Academic Tower, 6798 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	10,177,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	10,177,000
Total	10,177,000
Accumulated Depreciation	0
NBV	10,177,000
Research and Innovation Center \| 75 N. 38th Street, 6799 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	9,432,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	9,432,000
Buildings and Improvements	0
Total	9,432,000
Accumulated Depreciation	0
NBV	9,432,000
Research and Innovation Center \| One uCity Development, 6900 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	6,162,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	6,162,000
Total	6,162,000
Accumulated Depreciation	0
NBV	6,162,000
Research and Innovation Center \| Pittsburgh Phase 1, 6796 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	28,342,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	28,342,000
Total	28,342,000
Accumulated Depreciation	0
NBV	28,342,000
Research and Innovation Center \| Pittsburgh Phase 2, 6797 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	1,999,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	1,999,000
Total	1,999,000
Accumulated Depreciation	0
NBV	1,999,000
Research and Innovation Center \| South Street Landing
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	6,358,000
Buildings and Improvements	111,797,000
Costs Capitalized Subsequent to Acquisition	(1,261,000)
Gross Amount Carried at Close of Period
Land and Improvements	6,358,000
Buildings and Improvements	110,536,000
Total	116,894,000
Accumulated Depreciation	4,406,000
NBV	$ 112,488,000
Life on Which Depreciation in Income Statement is Computed	45 years
Research and Innovation Center \| 2/3 Davol Square
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,537,000
Buildings and Improvements	6,886,000
Costs Capitalized Subsequent to Acquisition	7,116,000
Gross Amount Carried at Close of Period
Land and Improvements	4,537,000
Buildings and Improvements	14,002,000
Total	18,539,000
Accumulated Depreciation	1,868,000
NBV	$ 16,671,000
Life on Which Depreciation in Income Statement is Computed	15 years
Research and Innovation Center \| One Ship Street
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,943,000
Buildings and Improvements	1,734,000
Costs Capitalized Subsequent to Acquisition	(29,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,943,000
Buildings and Improvements	1,705,000
Total	3,648,000
Accumulated Depreciation	198,000
NBV	$ 3,450,000
Life on Which Depreciation in Income Statement is Computed	25 years
Research and Innovation Center \| Brown Academic Building
Real Estate and Accumulated Depreciation
Encumbrances	$ 43,575,000
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	68,335,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	68,335,000
Total	68,335,000
Accumulated Depreciation	423,000
NBV	$ 67,912,000
Life on Which Depreciation in Income Statement is Computed	35 years
Research and Innovation Center \| Providence Phase 2, 6789
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,251,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,251,000
Buildings and Improvements	0
Total	2,251,000
Accumulated Depreciation	0
NBV	2,251,000
Research and Innovation Center \| 6770, IRP I
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	60,000
Buildings and Improvements	20,084,000
Costs Capitalized Subsequent to Acquisition	775,000
Gross Amount Carried at Close of Period
Land and Improvements	60,000
Buildings and Improvements	20,859,000
Total	20,919,000
Accumulated Depreciation	1,702,000
NBV	$ 19,217,000
Life on Which Depreciation in Income Statement is Computed	55 years
Research and Innovation Center \| 6771, IRP II
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	69,000
Buildings and Improvements	21,255,000
Costs Capitalized Subsequent to Acquisition	808,000
Gross Amount Carried at Close of Period
Land and Improvements	69,000
Buildings and Improvements	22,063,000
Total	22,132,000
Accumulated Depreciation	1,781,000
NBV	$ 20,351,000
Life on Which Depreciation in Income Statement is Computed	55 years
Research and Innovation Center \| Wexford Biotech 8
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,615,000
Buildings and Improvements	85,514,000
Costs Capitalized Subsequent to Acquisition	988,000
Gross Amount Carried at Close of Period
Land and Improvements	2,615,000
Buildings and Improvements	86,502,000
Total	89,117,000
Accumulated Depreciation	6,318,000
NBV	$ 82,799,000
Life on Which Depreciation in Income Statement is Computed	35 years
Research and Innovation Center \| VTR Pre Development Expense [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	0
Buildings and Improvements	12,110,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	12,110,000
Total	12,110,000
Accumulated Depreciation	0
NBV	12,110,000
Office Building
Real Estate and Accumulated Depreciation
Encumbrances	642,825,000
Initial Cost to Company
Land and Improvements	510,797,000
Buildings and Improvements	6,303,476,000
Costs Capitalized Subsequent to Acquisition	463,765,000
Gross Amount Carried at Close of Period
Land and Improvements	505,587,000
Buildings and Improvements	6,772,451,000
Total	7,278,038,000
Accumulated Depreciation	1,447,741,000
NBV	5,830,297,000
Kindred \| Specialty Hospitals [Member] \| 4644, Kindred Hospital - Brea
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	3,144,000
Buildings and Improvements	2,611,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,144,000
Buildings and Improvements	2,611,000
Total	5,755,000
Accumulated Depreciation	1,605,000
NBV	$ 4,150,000
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred \| Specialty Hospitals [Member] \| 4807, Kindred Hospital - Ontario
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	523,000
Buildings and Improvements	2,988,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	523,000
Buildings and Improvements	2,988,000
Total	3,511,000
Accumulated Depreciation	3,228,000
NBV	$ 283,000
Life on Which Depreciation in Income Statement is Computed	25 years
Kindred \| Specialty Hospitals [Member] \| 4848, Kindred Hospital - San Diego
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	670,000
Buildings and Improvements	11,764,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	670,000
Buildings and Improvements	11,764,000
Total	12,434,000
Accumulated Depreciation	11,942,000
NBV	$ 492,000
Life on Which Depreciation in Income Statement is Computed	25 years
Kindred \| Specialty Hospitals [Member] \| 4822, Kindred Hospital - San Francisco Bay Area
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,735,000
Buildings and Improvements	5,870,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,735,000
Buildings and Improvements	5,870,000
Total	8,605,000
Accumulated Depreciation	6,187,000
NBV	$ 2,418,000
Life on Which Depreciation in Income Statement is Computed	25 years
Kindred \| Specialty Hospitals [Member] \| 4842, Kindred Hospital - Westminster
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	727,000
Buildings and Improvements	7,384,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	727,000
Buildings and Improvements	7,384,000
Total	8,111,000
Accumulated Depreciation	7,562,000
NBV	$ 549,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| 4665, Kindred Hospital - Denver
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	896,000
Buildings and Improvements	6,367,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	896,000
Buildings and Improvements	6,367,000
Total	7,263,000
Accumulated Depreciation	6,712,000
NBV	$ 551,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| 4602, Kindred Hospital - South Florida - Coral Gables
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,071,000
Buildings and Improvements	5,348,000
Costs Capitalized Subsequent to Acquisition	(1,000,000)
Gross Amount Carried at Close of Period
Land and Improvements	71,000
Buildings and Improvements	5,348,000
Total	5,419,000
Accumulated Depreciation	5,196,000
NBV	$ 223,000
Life on Which Depreciation in Income Statement is Computed	30 years
Kindred \| Specialty Hospitals [Member] \| 4645, Kindred Hospital - South Florida Ft. Lauderdale
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,758,000
Buildings and Improvements	14,080,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,758,000
Buildings and Improvements	14,080,000
Total	15,838,000
Accumulated Depreciation	14,154,000
NBV	$ 1,684,000
Life on Which Depreciation in Income Statement is Computed	30 years
Kindred \| Specialty Hospitals [Member] \| 4652, Kindred Hospital - North Florida
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	145,000
Buildings and Improvements	4,613,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	145,000
Buildings and Improvements	4,613,000
Total	4,758,000
Accumulated Depreciation	4,683,000
NBV	$ 75,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| 4876, Kindred Hospital - South Florida - Hollywood
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	605,000
Buildings and Improvements	5,229,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	605,000
Buildings and Improvements	5,229,000
Total	5,834,000
Accumulated Depreciation	5,234,000
NBV	$ 600,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| 4611, Kindred Hospital - Bay Area St. Petersburg
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,401,000
Buildings and Improvements	16,706,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,401,000
Buildings and Improvements	16,706,000
Total	18,107,000
Accumulated Depreciation	15,050,000
NBV	$ 3,057,000
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred \| Specialty Hospitals [Member] \| 4674, Kindred Hospital - Central Tampa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,732,000
Buildings and Improvements	7,676,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,732,000
Buildings and Improvements	7,676,000
Total	10,408,000
Accumulated Depreciation	5,647,000
NBV	$ 4,761,000
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred \| Specialty Hospitals [Member] \| 4637, Kindred Hospital - Chicago (North Campus)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,583,000
Buildings and Improvements	19,980,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,583,000
Buildings and Improvements	19,980,000
Total	21,563,000
Accumulated Depreciation	20,004,000
NBV	$ 1,559,000
Life on Which Depreciation in Income Statement is Computed	25 years
Kindred \| Specialty Hospitals [Member] \| 4871, Kindred - Chicago - Lakeshore
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,513,000
Buildings and Improvements	9,525,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,513,000
Buildings and Improvements	9,525,000
Total	11,038,000
Accumulated Depreciation	9,480,000
NBV	$ 1,558,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| 4690, Kindred Hospital - Chicago (Northlake Campus)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	850,000
Buildings and Improvements	6,498,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	850,000
Buildings and Improvements	6,498,000
Total	7,348,000
Accumulated Depreciation	6,552,000
NBV	$ 796,000
Life on Which Depreciation in Income Statement is Computed	30 years
Kindred \| Specialty Hospitals [Member] \| 4615, Kindred Hospital - Sycamore
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	77,000
Buildings and Improvements	8,549,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	77,000
Buildings and Improvements	8,549,000
Total	8,626,000
Accumulated Depreciation	8,403,000
NBV	$ 223,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| 4638, Kindred Hospital - Indianapolis
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	985,000
Buildings and Improvements	3,801,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	985,000
Buildings and Improvements	3,801,000
Total	4,786,000
Accumulated Depreciation	3,775,000
NBV	$ 1,011,000
Life on Which Depreciation in Income Statement is Computed	30 years
Kindred \| Specialty Hospitals [Member] \| 4633, Kindred Hospital - Louisville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,041,000
Buildings and Improvements	12,279,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,041,000
Buildings and Improvements	12,279,000
Total	15,320,000
Accumulated Depreciation	12,580,000
NBV	$ 2,740,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| 4680, Kindred Hospital - St. Louis
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,126,000
Buildings and Improvements	2,087,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,126,000
Buildings and Improvements	2,087,000
Total	3,213,000
Accumulated Depreciation	2,020,000
NBV	$ 1,193,000
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred \| Specialty Hospitals [Member] \| 4647, Kindred Hospital - Las Vegas (Sahara)
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,110,000
Buildings and Improvements	2,177,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,110,000
Buildings and Improvements	2,177,000
Total	3,287,000
Accumulated Depreciation	1,543,000
NBV	$ 1,744,000
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred \| Specialty Hospitals [Member] \| 4664, Kindred Hospital - Albuquerque
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	11,000
Buildings and Improvements	4,253,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	11,000
Buildings and Improvements	4,253,000
Total	4,264,000
Accumulated Depreciation	3,125,000
NBV	$ 1,139,000
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred \| Specialty Hospitals [Member] \| 4662, Kindred Hospital - Greensboro
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,010,000
Buildings and Improvements	7,586,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,010,000
Buildings and Improvements	7,586,000
Total	8,596,000
Accumulated Depreciation	7,758,000
NBV	$ 838,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| University Hospitals Rehabilitation Hospital, 2725
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,800,000
Buildings and Improvements	16,444,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,800,000
Buildings and Improvements	16,444,000
Total	18,244,000
Accumulated Depreciation	3,176,000
NBV	$ 15,068,000
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred \| Specialty Hospitals [Member] \| 4614, Kindred Hospital - Philadelphia
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	135,000
Buildings and Improvements	5,223,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	135,000
Buildings and Improvements	5,223,000
Total	5,358,000
Accumulated Depreciation	3,807,000
NBV	$ 1,551,000
Life on Which Depreciation in Income Statement is Computed	35 years
Kindred \| Specialty Hospitals [Member] \| Kindred Hospital - Chattanooga, 4628
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	756,000
Buildings and Improvements	4,415,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	756,000
Buildings and Improvements	4,415,000
Total	5,171,000
Accumulated Depreciation	4,288,000
NBV	$ 883,000
Life on Which Depreciation in Income Statement is Computed	22 years
Kindred \| Specialty Hospitals [Member] \| Kindred Hospital - Tarrant County (Fort Worth Southwest), 4653
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,342,000
Buildings and Improvements	7,458,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,342,000
Buildings and Improvements	7,458,000
Total	9,800,000
Accumulated Depreciation	7,507,000
NBV	$ 2,293,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| Kindred Hospital (Houston Northwest), 4654
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,699,000
Buildings and Improvements	6,788,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,699,000
Buildings and Improvements	6,788,000
Total	8,487,000
Accumulated Depreciation	6,080,000
NBV	$ 2,407,000
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred \| Specialty Hospitals [Member] \| 4685, Kindred Hospital - Houston
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	33,000
Buildings and Improvements	7,062,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	33,000
Buildings and Improvements	7,062,000
Total	7,095,000
Accumulated Depreciation	6,726,000
NBV	$ 369,000
Life on Which Depreciation in Income Statement is Computed	20 years
Kindred \| Specialty Hospitals [Member] \| Kindred Hospital - Mansfield, 4660
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	267,000
Buildings and Improvements	2,462,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	267,000
Buildings and Improvements	2,462,000
Total	2,729,000
Accumulated Depreciation	2,127,000
NBV	$ 602,000
Life on Which Depreciation in Income Statement is Computed	40 years
Kindred \| Specialty Hospitals [Member] \| Kindred Hospital - San Antonio, 4635
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	249,000
Buildings and Improvements	11,413,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	249,000
Buildings and Improvements	11,413,000
Total	11,662,000
Accumulated Depreciation	10,236,000
NBV	$ 1,426,000
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred [Member] \| Skilled Nursing Facilities
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	12,986,000
Buildings and Improvements	183,538,000
Costs Capitalized Subsequent to Acquisition	3,589,000
Gross Amount Carried at Close of Period
Land and Improvements	13,166,000
Buildings and Improvements	186,947,000
Total	200,113,000
Accumulated Depreciation	70,991,000
NBV	129,122,000
Non-kindred [Member] \| Skilled Nursing Facilities \| 0744, Englewood Post Acute and Rehabilitation
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	241,000
Buildings and Improvements	2,180,000
Costs Capitalized Subsequent to Acquisition	194,000
Gross Amount Carried at Close of Period
Land and Improvements	241,000
Buildings and Improvements	2,374,000
Total	2,615,000
Accumulated Depreciation	2,161,000
NBV	$ 454,000
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2437, Brookdale Lisle SNF
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	730,000
Buildings and Improvements	9,270,000
Costs Capitalized Subsequent to Acquisition	711,000
Gross Amount Carried at Close of Period
Land and Improvements	910,000
Buildings and Improvements	9,801,000
Total	10,711,000
Accumulated Depreciation	3,363,000
NBV	$ 7,348,000
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2505, Lopatcong Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,490,000
Buildings and Improvements	12,336,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,490,000
Buildings and Improvements	12,336,000
Total	13,826,000
Accumulated Depreciation	6,815,000
NBV	$ 7,011,000
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2507, The Belvedere
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	822,000
Buildings and Improvements	7,203,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	822,000
Buildings and Improvements	7,203,000
Total	8,025,000
Accumulated Depreciation	3,970,000
NBV	$ 4,055,000
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2509, Pennsburg Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,091,000
Buildings and Improvements	7,871,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,091,000
Buildings and Improvements	7,871,000
Total	8,962,000
Accumulated Depreciation	4,384,000
NBV	$ 4,578,000
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2508, Chapel Manor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,595,000
Buildings and Improvements	13,982,000
Costs Capitalized Subsequent to Acquisition	1,358,000
Gross Amount Carried at Close of Period
Land and Improvements	1,595,000
Buildings and Improvements	15,340,000
Total	16,935,000
Accumulated Depreciation	9,036,000
NBV	$ 7,899,000
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2506, Wayne Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	662,000
Buildings and Improvements	6,872,000
Costs Capitalized Subsequent to Acquisition	850,000
Gross Amount Carried at Close of Period
Land and Improvements	662,000
Buildings and Improvements	7,722,000
Total	8,384,000
Accumulated Depreciation	4,616,000
NBV	$ 3,768,000
Life on Which Depreciation in Income Statement is Computed	30 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 3924, Everett Rehabilitation & Care
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,750,000
Buildings and Improvements	27,337,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,750,000
Buildings and Improvements	27,337,000
Total	30,087,000
Accumulated Depreciation	7,058,000
NBV	$ 23,029,000
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 0127, Beacon Hill Rehabilitation
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	145,000
Buildings and Improvements	2,563,000
Costs Capitalized Subsequent to Acquisition	171,000
Gross Amount Carried at Close of Period
Land and Improvements	145,000
Buildings and Improvements	2,734,000
Total	2,879,000
Accumulated Depreciation	2,589,000
NBV	$ 290,000
Life on Which Depreciation in Income Statement is Computed	29 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 3921, Columbia Crest Care & Rehabilitation Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	660,000
Buildings and Improvements	17,439,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	660,000
Buildings and Improvements	17,439,000
Total	18,099,000
Accumulated Depreciation	4,575,000
NBV	$ 13,524,000
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 3922, Lake Ridge Solana Alzheimer's Care Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	660,000
Buildings and Improvements	8,866,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	660,000
Buildings and Improvements	8,866,000
Total	9,526,000
Accumulated Depreciation	2,408,000
NBV	$ 7,118,000
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 0165, Rainier Vista Care Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	520,000
Buildings and Improvements	4,780,000
Costs Capitalized Subsequent to Acquisition	305,000
Gross Amount Carried at Close of Period
Land and Improvements	520,000
Buildings and Improvements	5,085,000
Total	5,605,000
Accumulated Depreciation	3,676,000
NBV	$ 1,929,000
Life on Which Depreciation in Income Statement is Computed	40 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2513, Logan Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	300,000
Buildings and Improvements	12,959,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	300,000
Buildings and Improvements	12,959,000
Total	13,259,000
Accumulated Depreciation	3,344,000
NBV	$ 9,915,000
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2514, Ravenswood Healthcare Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	320,000
Buildings and Improvements	12,710,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	320,000
Buildings and Improvements	12,710,000
Total	13,030,000
Accumulated Depreciation	3,293,000
NBV	$ 9,737,000
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2512, Valley Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	750,000
Buildings and Improvements	24,115,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	750,000
Buildings and Improvements	24,115,000
Total	24,865,000
Accumulated Depreciation	6,302,000
NBV	$ 18,563,000
Life on Which Depreciation in Income Statement is Computed	35 years
Non-kindred [Member] \| Skilled Nursing Facilities \| 2515, White Sulphur
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	250,000
Buildings and Improvements	13,055,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	250,000
Buildings and Improvements	13,055,000
Total	13,305,000
Accumulated Depreciation	3,401,000
NBV	$ 9,904,000
Life on Which Depreciation in Income Statement is Computed	35 years
Ardent \| General Acute Care Hospitals \| 2550, Lovelace Medical Center Downtown NM
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	9,840,000
Buildings and Improvements	154,017,000
Costs Capitalized Subsequent to Acquisition	9,763,000
Gross Amount Carried at Close of Period
Land and Improvements	9,928,000
Buildings and Improvements	163,692,000
Total	173,620,000
Accumulated Depreciation	24,502,000
NBV	$ 149,118,000
Life on Which Depreciation in Income Statement is Computed	33 years 6 months
Ardent \| General Acute Care Hospitals \| 2552, Lovelace Westside Hospital NM
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	10,107,000
Buildings and Improvements	13,576,000
Costs Capitalized Subsequent to Acquisition	2,133,000
Gross Amount Carried at Close of Period
Land and Improvements	10,107,000
Buildings and Improvements	15,709,000
Total	25,816,000
Accumulated Depreciation	5,451,000
NBV	$ 20,365,000
Life on Which Depreciation in Income Statement is Computed	20 years
Ardent \| General Acute Care Hospitals \| 2553, Lovelace Womens Hospital NM
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	7,236,000
Buildings and Improvements	175,142,000
Costs Capitalized Subsequent to Acquisition	20,075,000
Gross Amount Carried at Close of Period
Land and Improvements	7,236,000
Buildings and Improvements	195,217,000
Total	202,453,000
Accumulated Depreciation	19,417,000
NBV	$ 183,036,000
Life on Which Depreciation in Income Statement is Computed	47 years
Ardent \| General Acute Care Hospitals \| 2554, Roswell Regional Hospital NM
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,560,000
Buildings and Improvements	41,125,000
Costs Capitalized Subsequent to Acquisition	2,186,000
Gross Amount Carried at Close of Period
Land and Improvements	2,560,000
Buildings and Improvements	43,311,000
Total	45,871,000
Accumulated Depreciation	4,662,000
NBV	$ 41,209,000
Life on Which Depreciation in Income Statement is Computed	47 years
Ardent \| General Acute Care Hospitals \| 2558, Hillcrest Hospital Claremore
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,623,000
Buildings and Improvements	23,864,000
Costs Capitalized Subsequent to Acquisition	638,000
Gross Amount Carried at Close of Period
Land and Improvements	3,623,000
Buildings and Improvements	24,502,000
Total	28,125,000
Accumulated Depreciation	3,296,000
NBV	$ 24,829,000
Life on Which Depreciation in Income Statement is Computed	40 years
Ardent \| General Acute Care Hospitals \| 2557, Bailey Medical Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,964,000
Buildings and Improvements	7,059,000
Costs Capitalized Subsequent to Acquisition	155,000
Gross Amount Carried at Close of Period
Land and Improvements	4,964,000
Buildings and Improvements	7,214,000
Total	12,178,000
Accumulated Depreciation	1,484,000
NBV	$ 10,694,000
Life on Which Depreciation in Income Statement is Computed	32 years 6 months
Ardent \| General Acute Care Hospitals \| 2555, Hillcrest Medical Center Tulsa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	28,319,000
Buildings and Improvements	215,959,000
Costs Capitalized Subsequent to Acquisition	12,718,000
Gross Amount Carried at Close of Period
Land and Improvements	28,319,000
Buildings and Improvements	228,677,000
Total	256,996,000
Accumulated Depreciation	32,698,000
NBV	$ 224,298,000
Life on Which Depreciation in Income Statement is Computed	34 years
Ardent \| General Acute Care Hospitals \| 2556, Hillcrest Hospital South Tulsa
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	17,026,000
Buildings and Improvements	112,231,000
Costs Capitalized Subsequent to Acquisition	1,016,000
Gross Amount Carried at Close of Period
Land and Improvements	17,026,000
Buildings and Improvements	113,247,000
Total	130,273,000
Accumulated Depreciation	13,703,000
NBV	$ 116,570,000
Life on Which Depreciation in Income Statement is Computed	40 years
Ardent \| General Acute Care Hospitals \| SouthCreek Medical Plaza, 2595
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,943,000
Buildings and Improvements	17,860,000
Costs Capitalized Subsequent to Acquisition	599,000
Gross Amount Carried at Close of Period
Land and Improvements	2,943,000
Buildings and Improvements	18,459,000
Total	21,402,000
Accumulated Depreciation	819,000
NBV	$ 20,583,000
Life on Which Depreciation in Income Statement is Computed	35 years
Ardent \| General Acute Care Hospitals \| 2559, Baptist St. Anthony's Hospital
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	13,779,000
Buildings and Improvements	357,733,000
Costs Capitalized Subsequent to Acquisition	26,812,000
Gross Amount Carried at Close of Period
Land and Improvements	13,015,000
Buildings and Improvements	385,309,000
Total	398,324,000
Accumulated Depreciation	39,473,000
NBV	$ 358,851,000
Life on Which Depreciation in Income Statement is Computed	44 years 6 months
Ardent \| Specialty Hospitals [Member] \| 2551, Lovelace Rehabilitation Hospital - New Mexico
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	401,000
Buildings and Improvements	17,796,000
Costs Capitalized Subsequent to Acquisition	1,068,000
Gross Amount Carried at Close of Period
Land and Improvements	401,000
Buildings and Improvements	18,864,000
Total	19,265,000
Accumulated Depreciation	2,646,000
NBV	$ 16,619,000
Life on Which Depreciation in Income Statement is Computed	36 years
Ardent \| Specialty Hospitals [Member] \| Ardent Harrington Cancer Center, 2596
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	974,000
Buildings and Improvements	7,752,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	974,000
Buildings and Improvements	7,752,000
Total	8,726,000
Accumulated Depreciation	0
NBV	8,726,000
Brookdale Senior Living \| Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	48,497,000
Initial Cost to Company
Land and Improvements	181,975,000
Buildings and Improvements	1,735,803,000
Costs Capitalized Subsequent to Acquisition	113,805,000
Gross Amount Carried at Close of Period
Land and Improvements	180,918,000
Buildings and Improvements	1,850,665,000
Total	2,031,583,000
Accumulated Depreciation	743,816,000
NBV	1,287,767,000
Brookdale Senior Living \| Seniors Housing Communities \| 2466, Brookdale Chandler Ray Road
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	2,000,000
Buildings and Improvements	6,538,000
Costs Capitalized Subsequent to Acquisition	178,000
Gross Amount Carried at Close of Period
Land and Improvements	2,000,000
Buildings and Improvements	6,716,000
Total	8,716,000
Accumulated Depreciation	1,836,000
NBV	$ 6,880,000
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	2,747,000
Buildings and Improvements	24,918,000
Costs Capitalized Subsequent to Acquisition	1,401,000
Gross Amount Carried at Close of Period
Land and Improvements	2,751,000
Buildings and Improvements	26,315,000
Total	29,066,000
Accumulated Depreciation	12,087,000
NBV	$ 16,979,000
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living \| Seniors Housing Communities \| 3219, Brookdale East Arbor
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	655,000
Buildings and Improvements	6,998,000
Costs Capitalized Subsequent to Acquisition	196,000
Gross Amount Carried at Close of Period
Land and Improvements	711,000
Buildings and Improvements	7,138,000
Total	7,849,000
Accumulated Depreciation	3,377,000
NBV	$ 4,472,000
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	666,000
Buildings and Improvements	6,169,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	666,000
Buildings and Improvements	6,169,000
Total	6,835,000
Accumulated Depreciation	2,966,000
NBV	$ 3,869,000
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	598,000
Buildings and Improvements	4,872,000
Costs Capitalized Subsequent to Acquisition	670,000
Gross Amount Carried at Close of Period
Land and Improvements	650,000
Buildings and Improvements	5,490,000
Total	6,140,000
Accumulated Depreciation	2,346,000
NBV	$ 3,794,000
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	611,000
Buildings and Improvements	4,066,000
Costs Capitalized Subsequent to Acquisition	150,000
Gross Amount Carried at Close of Period
Land and Improvements	611,000
Buildings and Improvements	4,216,000
Total	4,827,000
Accumulated Depreciation	1,960,000
NBV	$ 2,867,000
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	506,000
Buildings and Improvements	4,745,000
Costs Capitalized Subsequent to Acquisition	50,000
Gross Amount Carried at Close of Period
Land and Improvements	556,000
Buildings and Improvements	4,745,000
Total	5,301,000
Accumulated Depreciation	2,282,000
NBV	$ 3,019,000
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	2,464,000
Buildings and Improvements	7,908,000
Costs Capitalized Subsequent to Acquisition	95,000
Gross Amount Carried at Close of Period
Land and Improvements	2,464,000
Buildings and Improvements	8,003,000
Total	10,467,000
Accumulated Depreciation	3,598,000
NBV	$ 6,869,000
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	7,669,000
Buildings and Improvements	66,691,000
Costs Capitalized Subsequent to Acquisition	422,000
Gross Amount Carried at Close of Period
Land and Improvements	7,719,000
Buildings and Improvements	67,063,000
Total	74,782,000
Accumulated Depreciation	32,460,000
NBV	$ 42,322,000
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	6,240,000
Buildings and Improvements	66,329,000
Costs Capitalized Subsequent to Acquisition	14,386,000
Gross Amount Carried at Close of Period
Land and Improvements	6,250,000
Buildings and Improvements	80,705,000
Total	86,955,000
Accumulated Depreciation	34,064,000
NBV	$ 52,891,000
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	4,288,000
Buildings and Improvements	36,204,000
Costs Capitalized Subsequent to Acquisition	235,000
Gross Amount Carried at Close of Period
Land and Improvements	4,314,000
Buildings and Improvements	36,413,000
Total	40,727,000
Accumulated Depreciation	17,723,000
NBV	$ 23,004,000
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	1,110,000
Buildings and Improvements	13,296,000
Costs Capitalized Subsequent to Acquisition	521,000
Gross Amount Carried at Close of Period
Land and Improvements	1,110,000
Buildings and Improvements	13,817,000
Total	14,927,000
Accumulated Depreciation	5,758,000
NBV	$ 9,169,000
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	1,290,000
Buildings and Improvements	20,683,000
Costs Capitalized Subsequent to Acquisition	402,000
Gross Amount Carried at Close of Period
Land and Improvements	1,414,000
Buildings and Improvements	20,961,000
Total	22,375,000
Accumulated Depreciation	5,489,000
NBV	$ 16,886,000
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	715,000
Buildings and Improvements	9,279,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	715,000
Buildings and Improvements	9,279,000
Total	9,994,000
Accumulated Depreciation	4,462,000
NBV	$ 5,532,000
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	$ 0
Initial Cost to Company
Land and Improvements	840,000
Buildings and Improvements	9,403,000
Costs Capitalized Subsequent to Acquisition	76,000
Gross Amount Carried at Close of Period
Land and Improvements	874,000
Buildings and Improvements	9,445,000
Total	10,319,000
Accumulated Depreciation	4,523,000
NBV	$ 5,796,000
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	3,995,000
Buildings and Improvements	36,310,000
Costs Capitalized Subsequent to Acquisition	492,000
Gross Amount Carried at Close of Period
Land and Improvements	4,016,000
Buildings and Improvements	36,781,000
Total	40,797,000
Accumulated Depreciation	17,572,000
NBV	$ 23,225,000
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	2,187,000
Buildings and Improvements	12,682,000
Costs Capitalized Subsequent to Acquisition	88,000
Gross Amount Carried at Close of Period
Land and Improvements	2,198,000
Buildings and Improvements	12,759,000
Total	14,957,000
Accumulated Depreciation	5,726,000
NBV	$ 9,231,000
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	2,493,000
Buildings and Improvements	22,833,000
Costs Capitalized Subsequent to Acquisition	23,667,000
Gross Amount Carried at Close of Period
Land and Improvements	2,493,000
Buildings and Improvements	46,500,000
Total	48,993,000
Accumulated Depreciation	13,584,000
NBV	$ 35,409,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,540,000
Buildings and Improvements	10,783,000
Costs Capitalized Subsequent to Acquisition	726,000
Gross Amount Carried at Close of Period
Land and Improvements	1,594,000
Buildings and Improvements	11,455,000
Total	13,049,000
Accumulated Depreciation	5,185,000
NBV	$ 7,864,000
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	$ 0
Initial Cost to Company
Land and Improvements	2,317,000
Buildings and Improvements	16,218,000
Costs Capitalized Subsequent to Acquisition	903,000
Gross Amount Carried at Close of Period
Land and Improvements	2,347,000
Buildings and Improvements	17,091,000
Total	19,438,000
Accumulated Depreciation	7,572,000
NBV	$ 11,866,000
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	1,399,000
Buildings and Improvements	9,791,000
Costs Capitalized Subsequent to Acquisition	18,000
Gross Amount Carried at Close of Period
Land and Improvements	1,399,000
Buildings and Improvements	9,809,000
Total	11,208,000
Accumulated Depreciation	4,850,000
NBV	$ 6,358,000
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	1,510,000
Buildings and Improvements	7,862,000
Costs Capitalized Subsequent to Acquisition	390,000
Gross Amount Carried at Close of Period
Land and Improvements	1,510,000
Buildings and Improvements	8,252,000
Total	9,762,000
Accumulated Depreciation	2,059,000
NBV	$ 7,703,000
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	860,000
Buildings and Improvements	16,745,000
Costs Capitalized Subsequent to Acquisition	140,000
Gross Amount Carried at Close of Period
Land and Improvements	860,000
Buildings and Improvements	16,885,000
Total	17,745,000
Accumulated Depreciation	4,256,000
NBV	$ 13,489,000
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	1,300,000
Buildings and Improvements	9,659,000
Costs Capitalized Subsequent to Acquisition	567,000
Gross Amount Carried at Close of Period
Land and Improvements	1,300,000
Buildings and Improvements	10,226,000
Total	11,526,000
Accumulated Depreciation	2,493,000
NBV	$ 9,033,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,831,000
Buildings and Improvements	12,820,000
Costs Capitalized Subsequent to Acquisition	639,000
Gross Amount Carried at Close of Period
Land and Improvements	1,831,000
Buildings and Improvements	13,459,000
Total	15,290,000
Accumulated Depreciation	6,113,000
NBV	$ 9,177,000
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	1,660,000
Buildings and Improvements	9,738,000
Costs Capitalized Subsequent to Acquisition	27,000
Gross Amount Carried at Close of Period
Land and Improvements	1,660,000
Buildings and Improvements	9,765,000
Total	11,425,000
Accumulated Depreciation	2,530,000
NBV	$ 8,895,000
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	470,000
Buildings and Improvements	9,187,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	470,000
Buildings and Improvements	9,187,000
Total	9,657,000
Accumulated Depreciation	2,399,000
NBV	$ 7,258,000
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	633,000
Buildings and Improvements	6,087,000
Costs Capitalized Subsequent to Acquisition	11,000
Gross Amount Carried at Close of Period
Land and Improvements	633,000
Buildings and Improvements	6,098,000
Total	6,731,000
Accumulated Depreciation	2,929,000
NBV	$ 3,802,000
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	1,740,000
Buildings and Improvements	4,331,000
Costs Capitalized Subsequent to Acquisition	170,000
Gross Amount Carried at Close of Period
Land and Improvements	1,740,000
Buildings and Improvements	4,501,000
Total	6,241,000
Accumulated Depreciation	1,348,000
NBV	$ 4,893,000
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	$ 0
Initial Cost to Company
Land and Improvements	667,000
Buildings and Improvements	6,168,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	667,000
Buildings and Improvements	6,168,000
Total	6,835,000
Accumulated Depreciation	2,966,000
NBV	$ 3,869,000
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	280,000
Buildings and Improvements	15,980,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	280,000
Buildings and Improvements	15,980,000
Total	16,260,000
Accumulated Depreciation	4,058,000
NBV	$ 12,202,000
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	$ 0
Initial Cost to Company
Land and Improvements	586,000
Buildings and Improvements	5,481,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	586,000
Buildings and Improvements	5,481,000
Total	6,067,000
Accumulated Depreciation	2,635,000
NBV	$ 3,432,000
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	3,758,000
Buildings and Improvements	33,072,000
Costs Capitalized Subsequent to Acquisition	1,277,000
Gross Amount Carried at Close of Period
Land and Improvements	3,935,000
Buildings and Improvements	34,172,000
Total	38,107,000
Accumulated Depreciation	16,151,000
NBV	$ 21,956,000
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	232,000
Buildings and Improvements	3,006,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	232,000
Buildings and Improvements	3,006,000
Total	3,238,000
Accumulated Depreciation	1,445,000
NBV	$ 1,793,000
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	438,000
Buildings and Improvements	5,549,000
Costs Capitalized Subsequent to Acquisition	133,000
Gross Amount Carried at Close of Period
Land and Improvements	438,000
Buildings and Improvements	5,682,000
Total	6,120,000
Accumulated Depreciation	2,668,000
NBV	$ 3,452,000
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	703,000
Buildings and Improvements	6,153,000
Costs Capitalized Subsequent to Acquisition	1,065,000
Gross Amount Carried at Close of Period
Land and Improvements	718,000
Buildings and Improvements	7,203,000
Total	7,921,000
Accumulated Depreciation	2,961,000
NBV	$ 4,960,000
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	11,057,000
Buildings and Improvements	107,517,000
Costs Capitalized Subsequent to Acquisition	6,336,000
Gross Amount Carried at Close of Period
Land and Improvements	11,089,000
Buildings and Improvements	113,821,000
Total	124,910,000
Accumulated Depreciation	53,755,000
NBV	$ 71,155,000
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	3,072,000
Buildings and Improvements	26,668,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,072,000
Buildings and Improvements	26,668,000
Total	29,740,000
Accumulated Depreciation	12,980,000
NBV	$ 16,760,000
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	$ 0
Initial Cost to Company
Land and Improvements	6,871,000
Buildings and Improvements	60,165,000
Costs Capitalized Subsequent to Acquisition	(41,000)
Gross Amount Carried at Close of Period
Land and Improvements	6,805,000
Buildings and Improvements	60,190,000
Total	66,995,000
Accumulated Depreciation	29,257,000
NBV	$ 37,738,000
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	3,886,000
Buildings and Improvements	44,130,000
Costs Capitalized Subsequent to Acquisition	3,848,000
Gross Amount Carried at Close of Period
Land and Improvements	4,273,000
Buildings and Improvements	47,591,000
Total	51,864,000
Accumulated Depreciation	20,890,000
NBV	$ 30,974,000
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	$ 33,000,000
Initial Cost to Company
Land and Improvements	7,953,000
Buildings and Improvements	70,400,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,953,000
Buildings and Improvements	70,400,000
Total	78,353,000
Accumulated Depreciation	34,170,000
NBV	$ 44,183,000
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	1,988,000
Buildings and Improvements	39,762,000
Costs Capitalized Subsequent to Acquisition	652,000
Gross Amount Carried at Close of Period
Land and Improvements	2,076,000
Buildings and Improvements	40,326,000
Total	42,402,000
Accumulated Depreciation	18,346,000
NBV	$ 24,056,000
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	4,439,000
Buildings and Improvements	35,044,000
Costs Capitalized Subsequent to Acquisition	624,000
Gross Amount Carried at Close of Period
Land and Improvements	4,480,000
Buildings and Improvements	35,627,000
Total	40,107,000
Accumulated Depreciation	17,362,000
NBV	$ 22,745,000
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	1,147,000
Buildings and Improvements	10,041,000
Costs Capitalized Subsequent to Acquisition	401,000
Gross Amount Carried at Close of Period
Land and Improvements	1,175,000
Buildings and Improvements	10,414,000
Total	11,589,000
Accumulated Depreciation	4,885,000
NBV	$ 6,704,000
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	495,000
Buildings and Improvements	4,124,000
Costs Capitalized Subsequent to Acquisition	342,000
Gross Amount Carried at Close of Period
Land and Improvements	555,000
Buildings and Improvements	4,406,000
Total	4,961,000
Accumulated Depreciation	1,992,000
NBV	$ 2,969,000
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	440,000
Buildings and Improvements	4,422,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	440,000
Buildings and Improvements	4,422,000
Total	4,862,000
Accumulated Depreciation	1,169,000
NBV	$ 3,693,000
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	$ 0
Initial Cost to Company
Land and Improvements	117,000
Buildings and Improvements	5,127,000
Costs Capitalized Subsequent to Acquisition	224,000
Gross Amount Carried at Close of Period
Land and Improvements	117,000
Buildings and Improvements	5,351,000
Total	5,468,000
Accumulated Depreciation	2,472,000
NBV	$ 2,996,000
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	300,000
Buildings and Improvements	5,657,000
Costs Capitalized Subsequent to Acquisition	150,000
Gross Amount Carried at Close of Period
Land and Improvements	353,000
Buildings and Improvements	5,754,000
Total	6,107,000
Accumulated Depreciation	1,496,000
NBV	$ 4,611,000
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	$ 0
Initial Cost to Company
Land and Improvements	370,000
Buildings and Improvements	6,825,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	370,000
Buildings and Improvements	6,825,000
Total	7,195,000
Accumulated Depreciation	3,282,000
NBV	$ 3,913,000
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	5,819,000
Buildings and Improvements	33,361,000
Costs Capitalized Subsequent to Acquisition	2,907,000
Gross Amount Carried at Close of Period
Land and Improvements	5,872,000
Buildings and Improvements	36,215,000
Total	42,087,000
Accumulated Depreciation	15,942,000
NBV	$ 26,145,000
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	1,277,000
Buildings and Improvements	9,063,000
Costs Capitalized Subsequent to Acquisition	237,000
Gross Amount Carried at Close of Period
Land and Improvements	1,277,000
Buildings and Improvements	9,300,000
Total	10,577,000
Accumulated Depreciation	3,889,000
NBV	$ 6,688,000
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	6,101,000
Buildings and Improvements	57,862,000
Costs Capitalized Subsequent to Acquisition	3,566,000
Gross Amount Carried at Close of Period
Land and Improvements	6,216,000
Buildings and Improvements	61,313,000
Total	67,529,000
Accumulated Depreciation	27,935,000
NBV	$ 39,594,000
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living \| Seniors Housing Communities \| Brookdale Delta MC, 3253 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	730,000
Buildings and Improvements	11,471,000
Costs Capitalized Subsequent to Acquisition	119,000
Gross Amount Carried at Close of Period
Land and Improvements	730,000
Buildings and Improvements	11,590,000
Total	12,320,000
Accumulated Depreciation	2,956,000
NBV	$ 9,364,000
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living \| Seniors Housing Communities \| Brookdale Delta AL, 3257 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	820,000
Buildings and Improvements	3,313,000
Costs Capitalized Subsequent to Acquisition	30,000
Gross Amount Carried at Close of Period
Land and Improvements	820,000
Buildings and Improvements	3,343,000
Total	4,163,000
Accumulated Depreciation	1,191,000
NBV	$ 2,972,000
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living \| Seniors Housing Communities \| Brookdale Farmington Hills North, 3247 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	580,000
Buildings and Improvements	10,497,000
Costs Capitalized Subsequent to Acquisition	91,000
Gross Amount Carried at Close of Period
Land and Improvements	580,000
Buildings and Improvements	10,588,000
Total	11,168,000
Accumulated Depreciation	3,014,000
NBV	$ 8,154,000
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living \| Seniors Housing Communities \| Brookdale Farmington Hills North II, 3248 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	700,000
Buildings and Improvements	10,246,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	700,000
Buildings and Improvements	10,246,000
Total	10,946,000
Accumulated Depreciation	3,052,000
NBV	$ 7,894,000
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living \| Seniors Housing Communities \| Brookdale Meridian AL, 3250 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,340,000
Buildings and Improvements	6,134,000
Costs Capitalized Subsequent to Acquisition	288,000
Gross Amount Carried at Close of Period
Land and Improvements	1,367,000
Buildings and Improvements	6,395,000
Total	7,762,000
Accumulated Depreciation	1,715,000
NBV	$ 6,047,000
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living \| Seniors Housing Communities \| Brookdale Grand Blanc MC, 3254 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	450,000
Buildings and Improvements	12,373,000
Costs Capitalized Subsequent to Acquisition	105,000
Gross Amount Carried at Close of Period
Land and Improvements	450,000
Buildings and Improvements	12,478,000
Total	12,928,000
Accumulated Depreciation	3,191,000
NBV	$ 9,737,000
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	$ 0
Initial Cost to Company
Land and Improvements	407,000
Buildings and Improvements	6,068,000
Costs Capitalized Subsequent to Acquisition	149,000
Gross Amount Carried at Close of Period
Land and Improvements	407,000
Buildings and Improvements	6,217,000
Total	6,624,000
Accumulated Depreciation	2,920,000
NBV	$ 3,704,000
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	630,000
Buildings and Improvements	17,178,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	630,000
Buildings and Improvements	17,178,000
Total	17,808,000
Accumulated Depreciation	4,398,000
NBV	$ 13,410,000
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	950,000
Buildings and Improvements	12,503,000
Costs Capitalized Subsequent to Acquisition	270,000
Gross Amount Carried at Close of Period
Land and Improvements	950,000
Buildings and Improvements	12,773,000
Total	13,723,000
Accumulated Depreciation	3,391,000
NBV	$ 10,332,000
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	1,142,000
Buildings and Improvements	11,808,000
Costs Capitalized Subsequent to Acquisition	624,000
Gross Amount Carried at Close of Period
Land and Improvements	1,142,000
Buildings and Improvements	12,432,000
Total	13,574,000
Accumulated Depreciation	5,689,000
NBV	$ 7,885,000
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	700,000
Buildings and Improvements	8,657,000
Costs Capitalized Subsequent to Acquisition	334,000
Gross Amount Carried at Close of Period
Land and Improvements	700,000
Buildings and Improvements	8,991,000
Total	9,691,000
Accumulated Depreciation	2,375,000
NBV	$ 7,316,000
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	301,000
Buildings and Improvements	6,228,000
Costs Capitalized Subsequent to Acquisition	763,000
Gross Amount Carried at Close of Period
Land and Improvements	332,000
Buildings and Improvements	6,960,000
Total	7,292,000
Accumulated Depreciation	2,997,000
NBV	$ 4,295,000
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	530,000
Buildings and Improvements	1,085,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	530,000
Buildings and Improvements	1,085,000
Total	1,615,000
Accumulated Depreciation	344,000
NBV	$ 1,271,000
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	$ 0
Initial Cost to Company
Land and Improvements	253,000
Buildings and Improvements	2,655,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	253,000
Buildings and Improvements	2,655,000
Total	2,908,000
Accumulated Depreciation	1,277,000
NBV	$ 1,631,000
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	490,000
Buildings and Improvements	410,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	490,000
Buildings and Improvements	410,000
Total	900,000
Accumulated Depreciation	239,000
NBV	$ 661,000
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	$ 15,040,000
Initial Cost to Company
Land and Improvements	3,621,000
Buildings and Improvements	33,141,000
Costs Capitalized Subsequent to Acquisition	22,975,000
Gross Amount Carried at Close of Period
Land and Improvements	3,621,000
Buildings and Improvements	56,116,000
Total	59,737,000
Accumulated Depreciation	19,375,000
NBV	$ 40,362,000
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	1,057,000
Buildings and Improvements	8,296,000
Costs Capitalized Subsequent to Acquisition	979,000
Gross Amount Carried at Close of Period
Land and Improvements	1,122,000
Buildings and Improvements	9,210,000
Total	10,332,000
Accumulated Depreciation	3,992,000
NBV	$ 6,340,000
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	679,000
Buildings and Improvements	8,675,000
Costs Capitalized Subsequent to Acquisition	583,000
Gross Amount Carried at Close of Period
Land and Improvements	679,000
Buildings and Improvements	9,258,000
Total	9,937,000
Accumulated Depreciation	4,172,000
NBV	$ 5,765,000
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	470,000
Buildings and Improvements	4,833,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	470,000
Buildings and Improvements	4,833,000
Total	5,303,000
Accumulated Depreciation	1,254,000
NBV	$ 4,049,000
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	800,000
Buildings and Improvements	1,390,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	800,000
Buildings and Improvements	1,390,000
Total	2,190,000
Accumulated Depreciation	724,000
NBV	$ 1,466,000
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	3,100,000
Buildings and Improvements	35,074,000
Costs Capitalized Subsequent to Acquisition	177,000
Gross Amount Carried at Close of Period
Land and Improvements	3,113,000
Buildings and Improvements	35,238,000
Total	38,351,000
Accumulated Depreciation	6,142,000
NBV	$ 32,209,000
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	3,158,000
Buildings and Improvements	29,909,000
Costs Capitalized Subsequent to Acquisition	125,000
Gross Amount Carried at Close of Period
Land and Improvements	3,158,000
Buildings and Improvements	30,034,000
Total	33,192,000
Accumulated Depreciation	14,389,000
NBV	$ 18,803,000
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	881,000
Buildings and Improvements	4,741,000
Costs Capitalized Subsequent to Acquisition	829,000
Gross Amount Carried at Close of Period
Land and Improvements	881,000
Buildings and Improvements	5,570,000
Total	6,451,000
Accumulated Depreciation	2,302,000
NBV	$ 4,149,000
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	28,178,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	28,178,000
Total	28,178,000
Accumulated Depreciation	13,333,000
NBV	$ 14,845,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,487,000
Buildings and Improvements	15,170,000
Costs Capitalized Subsequent to Acquisition	752,000
Gross Amount Carried at Close of Period
Land and Improvements	1,487,000
Buildings and Improvements	15,922,000
Total	17,409,000
Accumulated Depreciation	7,294,000
NBV	$ 10,115,000
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	947,000
Buildings and Improvements	7,528,000
Costs Capitalized Subsequent to Acquisition	604,000
Gross Amount Carried at Close of Period
Land and Improvements	961,000
Buildings and Improvements	8,118,000
Total	9,079,000
Accumulated Depreciation	3,637,000
NBV	$ 5,442,000
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	890,000
Buildings and Improvements	28,237,000
Costs Capitalized Subsequent to Acquisition	303,000
Gross Amount Carried at Close of Period
Land and Improvements	190,000
Buildings and Improvements	29,240,000
Total	29,430,000
Accumulated Depreciation	7,183,000
NBV	$ 22,247,000
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	611,000
Buildings and Improvements	4,066,000
Costs Capitalized Subsequent to Acquisition	16,000
Gross Amount Carried at Close of Period
Land and Improvements	611,000
Buildings and Improvements	4,082,000
Total	4,693,000
Accumulated Depreciation	1,958,000
NBV	$ 2,735,000
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	1,021,000
Buildings and Improvements	8,333,000
Costs Capitalized Subsequent to Acquisition	715,000
Gross Amount Carried at Close of Period
Land and Improvements	1,021,000
Buildings and Improvements	9,048,000
Total	10,069,000
Accumulated Depreciation	4,019,000
NBV	$ 6,050,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,884,000
Buildings and Improvements	16,103,000
Costs Capitalized Subsequent to Acquisition	30,000
Gross Amount Carried at Close of Period
Land and Improvements	1,884,000
Buildings and Improvements	16,133,000
Total	18,017,000
Accumulated Depreciation	7,744,000
NBV	$ 10,273,000
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	1,132,000
Buildings and Improvements	11,434,000
Costs Capitalized Subsequent to Acquisition	278,000
Gross Amount Carried at Close of Period
Land and Improvements	1,246,000
Buildings and Improvements	11,598,000
Total	12,844,000
Accumulated Depreciation	5,499,000
NBV	$ 7,345,000
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	$ 0
Initial Cost to Company
Land and Improvements	839,000
Buildings and Improvements	3,841,000
Costs Capitalized Subsequent to Acquisition	60,000
Gross Amount Carried at Close of Period
Land and Improvements	839,000
Buildings and Improvements	3,901,000
Total	4,740,000
Accumulated Depreciation	1,854,000
NBV	$ 2,886,000
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	724,000
Buildings and Improvements	6,466,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	724,000
Buildings and Improvements	6,466,000
Total	7,190,000
Accumulated Depreciation	3,109,000
NBV	$ 4,081,000
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	330,000
Buildings and Improvements	10,981,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	330,000
Buildings and Improvements	10,981,000
Total	11,311,000
Accumulated Depreciation	2,827,000
NBV	$ 8,484,000
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	368,000
Buildings and Improvements	3,497,000
Costs Capitalized Subsequent to Acquisition	249,000
Gross Amount Carried at Close of Period
Land and Improvements	368,000
Buildings and Improvements	3,746,000
Total	4,114,000
Accumulated Depreciation	1,682,000
NBV	$ 2,432,000
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	$ 0
Initial Cost to Company
Land and Improvements	392,000
Buildings and Improvements	6,283,000
Costs Capitalized Subsequent to Acquisition	49,000
Gross Amount Carried at Close of Period
Land and Improvements	435,000
Buildings and Improvements	6,289,000
Total	6,724,000
Accumulated Depreciation	3,022,000
NBV	$ 3,702,000
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	151,000
Buildings and Improvements	3,087,000
Costs Capitalized Subsequent to Acquisition	672,000
Gross Amount Carried at Close of Period
Land and Improvements	181,000
Buildings and Improvements	3,729,000
Total	3,910,000
Accumulated Depreciation	1,485,000
NBV	$ 2,425,000
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	440,000
Buildings and Improvements	10,884,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	440,000
Buildings and Improvements	10,884,000
Total	11,324,000
Accumulated Depreciation	2,803,000
NBV	$ 8,521,000
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	587,000
Buildings and Improvements	5,381,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	587,000
Buildings and Improvements	5,381,000
Total	5,968,000
Accumulated Depreciation	2,588,000
NBV	$ 3,380,000
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	630,000
Buildings and Improvements	6,477,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	630,000
Buildings and Improvements	6,477,000
Total	7,107,000
Accumulated Depreciation	1,733,000
NBV	$ 5,374,000
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	$ 0
Initial Cost to Company
Land and Improvements	267,000
Buildings and Improvements	3,600,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	267,000
Buildings and Improvements	3,600,000
Total	3,867,000
Accumulated Depreciation	1,731,000
NBV	$ 2,136,000
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	490,000
Buildings and Improvements	4,144,000
Costs Capitalized Subsequent to Acquisition	55,000
Gross Amount Carried at Close of Period
Land and Improvements	545,000
Buildings and Improvements	4,144,000
Total	4,689,000
Accumulated Depreciation	1,246,000
NBV	$ 3,443,000
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	634,000
Buildings and Improvements	4,659,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	634,000
Buildings and Improvements	4,659,000
Total	5,293,000
Accumulated Depreciation	2,240,000
NBV	$ 3,053,000
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	1,140,000
Buildings and Improvements	9,134,000
Costs Capitalized Subsequent to Acquisition	144,000
Gross Amount Carried at Close of Period
Land and Improvements	1,228,000
Buildings and Improvements	9,190,000
Total	10,418,000
Accumulated Depreciation	2,382,000
NBV	$ 8,036,000
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	250,000
Buildings and Improvements	10,529,000
Costs Capitalized Subsequent to Acquisition	35,000
Gross Amount Carried at Close of Period
Land and Improvements	285,000
Buildings and Improvements	10,529,000
Total	10,814,000
Accumulated Depreciation	2,686,000
NBV	$ 8,128,000
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	940,000
Buildings and Improvements	6,312,000
Costs Capitalized Subsequent to Acquisition	6,435,000
Gross Amount Carried at Close of Period
Land and Improvements	1,898,000
Buildings and Improvements	11,789,000
Total	13,687,000
Accumulated Depreciation	3,378,000
NBV	$ 10,309,000
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	2,320,000
Buildings and Improvements	9,633,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,320,000
Buildings and Improvements	9,633,000
Total	11,953,000
Accumulated Depreciation	2,701,000
NBV	$ 9,252,000
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	2,410,000
Buildings and Improvements	9,093,000
Costs Capitalized Subsequent to Acquisition	(1,986,000)
Gross Amount Carried at Close of Period
Land and Improvements	319,000
Buildings and Improvements	9,198,000
Total	9,517,000
Accumulated Depreciation	2,556,000
NBV	$ 6,961,000
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	$ 457,000
Initial Cost to Company
Land and Improvements	1,230,000
Buildings and Improvements	7,561,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,230,000
Buildings and Improvements	7,561,000
Total	8,791,000
Accumulated Depreciation	2,334,000
NBV	$ 6,457,000
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	1,750,000
Buildings and Improvements	6,712,000
Costs Capitalized Subsequent to Acquisition	43,000
Gross Amount Carried at Close of Period
Land and Improvements	1,750,000
Buildings and Improvements	6,755,000
Total	8,505,000
Accumulated Depreciation	1,768,000
NBV	$ 6,737,000
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	460,000
Buildings and Improvements	3,284,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	460,000
Buildings and Improvements	3,284,000
Total	3,744,000
Accumulated Depreciation	926,000
NBV	$ 2,818,000
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	460,000
Buildings and Improvements	8,548,000
Costs Capitalized Subsequent to Acquisition	120,000
Gross Amount Carried at Close of Period
Land and Improvements	460,000
Buildings and Improvements	8,668,000
Total	9,128,000
Accumulated Depreciation	2,205,000
NBV	$ 6,923,000
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	1,400,000
Buildings and Improvements	10,051,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,400,000
Buildings and Improvements	10,051,000
Total	11,451,000
Accumulated Depreciation	2,616,000
NBV	$ 8,835,000
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	330,000
Buildings and Improvements	5,081,000
Costs Capitalized Subsequent to Acquisition	177,000
Gross Amount Carried at Close of Period
Land and Improvements	330,000
Buildings and Improvements	5,258,000
Total	5,588,000
Accumulated Depreciation	1,377,000
NBV	$ 4,211,000
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	1,900,000
Buildings and Improvements	16,219,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,900,000
Buildings and Improvements	16,219,000
Total	18,119,000
Accumulated Depreciation	7,630,000
NBV	$ 10,489,000
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	1,219,000
Buildings and Improvements	9,573,000
Costs Capitalized Subsequent to Acquisition	58,000
Gross Amount Carried at Close of Period
Land and Improvements	1,239,000
Buildings and Improvements	9,611,000
Total	10,850,000
Accumulated Depreciation	4,607,000
NBV	$ 6,243,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,055,000
Buildings and Improvements	8,298,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,055,000
Buildings and Improvements	8,298,000
Total	9,353,000
Accumulated Depreciation	3,990,000
NBV	$ 5,363,000
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	960,000
Buildings and Improvements	23,270,000
Costs Capitalized Subsequent to Acquisition	365,000
Gross Amount Carried at Close of Period
Land and Improvements	960,000
Buildings and Improvements	23,635,000
Total	24,595,000
Accumulated Depreciation	6,129,000
NBV	$ 18,466,000
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	1,622,000
Buildings and Improvements	12,895,000
Costs Capitalized Subsequent to Acquisition	345,000
Gross Amount Carried at Close of Period
Land and Improvements	1,622,000
Buildings and Improvements	13,240,000
Total	14,862,000
Accumulated Depreciation	6,362,000
NBV	$ 8,500,000
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	620,000
Buildings and Improvements	16,186,000
Costs Capitalized Subsequent to Acquisition	947,000
Gross Amount Carried at Close of Period
Land and Improvements	671,000
Buildings and Improvements	17,082,000
Total	17,753,000
Accumulated Depreciation	4,224,000
NBV	$ 13,529,000
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	1,710,000
Buildings and Improvements	3,326,000
Costs Capitalized Subsequent to Acquisition	(622,000)
Gross Amount Carried at Close of Period
Land and Improvements	307,000
Buildings and Improvements	4,107,000
Total	4,414,000
Accumulated Depreciation	1,330,000
NBV	$ 3,084,000
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	860,000
Buildings and Improvements	15,276,000
Costs Capitalized Subsequent to Acquisition	119,000
Gross Amount Carried at Close of Period
Land and Improvements	891,000
Buildings and Improvements	15,364,000
Total	16,255,000
Accumulated Depreciation	4,028,000
NBV	$ 12,227,000
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	551,000
Buildings and Improvements	5,431,000
Costs Capitalized Subsequent to Acquisition	3,297,000
Gross Amount Carried at Close of Period
Land and Improvements	608,000
Buildings and Improvements	8,671,000
Total	9,279,000
Accumulated Depreciation	3,530,000
NBV	$ 5,749,000
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	621,000
Buildings and Improvements	4,056,000
Costs Capitalized Subsequent to Acquisition	1,126,000
Gross Amount Carried at Close of Period
Land and Improvements	621,000
Buildings and Improvements	5,182,000
Total	5,803,000
Accumulated Depreciation	2,317,000
NBV	$ 3,486,000
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	644,000
Buildings and Improvements	5,831,000
Costs Capitalized Subsequent to Acquisition	2,637,000
Gross Amount Carried at Close of Period
Land and Improvements	644,000
Buildings and Improvements	8,468,000
Total	9,112,000
Accumulated Depreciation	3,662,000
NBV	$ 5,450,000
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	360,000
Buildings and Improvements	5,041,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	360,000
Buildings and Improvements	5,041,000
Total	5,401,000
Accumulated Depreciation	1,313,000
NBV	$ 4,088,000
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	250,000
Buildings and Improvements	4,949,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	250,000
Buildings and Improvements	4,949,000
Total	5,199,000
Accumulated Depreciation	1,282,000
NBV	$ 3,917,000
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	350,000
Buildings and Improvements	1,131,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	350,000
Buildings and Improvements	1,131,000
Total	1,481,000
Accumulated Depreciation	355,000
NBV	$ 1,126,000
Life on Which Depreciation in Income Statement is Computed	35 years
Brookdale Senior Living \| Seniors Housing Communities \| Brookdale Grand Blanc AL, 3255 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	620,000
Buildings and Improvements	14,627,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	620,000
Buildings and Improvements	14,627,000
Total	15,247,000
Accumulated Depreciation	3,789,000
NBV	$ 11,458,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| 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	3,194,000
Buildings and Improvements	81,613,000
Costs Capitalized Subsequent to Acquisition	(12,561,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,721,000
Buildings and Improvements	69,525,000
Total	72,246,000
Accumulated Depreciation	8,167,000
NBV	$ 64,079,000
Life on Which Depreciation in Income Statement is Computed	50 years
Other Third Party \| General Acute Care Hospitals \| 7700, Spire Fylde Coast, Lancashire
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,446,000
Buildings and Improvements	28,896,000
Costs Capitalized Subsequent to Acquisition	(4,642,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,084,000
Buildings and Improvements	24,616,000
Total	26,700,000
Accumulated Depreciation	2,934,000
NBV	$ 23,766,000
Life on Which Depreciation in Income Statement is Computed	50 years
Other Third Party \| General Acute Care Hospitals \| 7702, Spire Clare Park Hospital, Surrey
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,263,000
Buildings and Improvements	26,119,000
Costs Capitalized Subsequent to Acquisition	(4,797,000)
Gross Amount Carried at Close of Period
Land and Improvements	5,335,000
Buildings and Improvements	22,250,000
Total	27,585,000
Accumulated Depreciation	2,757,000
NBV	$ 24,828,000
Life on Which Depreciation in Income Statement is Computed	50 years
Other Third Party \| Specialty Hospitals [Member] \| 7280, Southern Arizona Rehab
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	770,000
Buildings and Improvements	25,589,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	770,000
Buildings and Improvements	25,589,000
Total	26,359,000
Accumulated Depreciation	6,388,000
NBV	$ 19,971,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Specialty Hospitals [Member] \| 7281, HealthSouth Rehabilitation Hospital
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,810,000
Buildings and Improvements	25,248,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,810,000
Buildings and Improvements	25,248,000
Total	28,058,000
Accumulated Depreciation	6,424,000
NBV	$ 21,634,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Specialty Hospitals [Member] \| 1940, Reliant Rehabilitation - Dallas
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,318,000
Buildings and Improvements	38,702,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,318,000
Buildings and Improvements	38,702,000
Total	41,020,000
Accumulated Depreciation	6,054,000
NBV	$ 34,966,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Specialty Hospitals [Member] \| Baylor Institute for Rehabilitation
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,071,000
Buildings and Improvements	16,018,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,071,000
Buildings and Improvements	16,018,000
Total	18,089,000
Accumulated Depreciation	2,719,000
NBV	$ 15,370,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Specialty Hospitals [Member] \| Rehabilitation Hospital The Vintage
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,838,000
Buildings and Improvements	34,832,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,838,000
Buildings and Improvements	34,832,000
Total	36,670,000
Accumulated Depreciation	5,714,000
NBV	$ 30,956,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Specialty Hospitals [Member] \| Select Rehabilitation San Antonio
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,859,000
Buildings and Improvements	18,301,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,859,000
Buildings and Improvements	18,301,000
Total	20,160,000
Accumulated Depreciation	3,046,000
NBV	$ 17,114,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	$ 1,145,360,000
Initial Cost to Company
Land and Improvements	628,999,000
Buildings and Improvements	6,210,124,000
Costs Capitalized Subsequent to Acquisition	156,472,000
Gross Amount Carried at Close of Period
Land and Improvements	624,012,000
Buildings and Improvements	6,371,583,000
Total	6,995,595,000
Accumulated Depreciation	1,090,105,000
NBV	5,905,490,000
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	1,040,000
Buildings and Improvements	19,145,000
Costs Capitalized Subsequent to Acquisition	982,000
Gross Amount Carried at Close of Period
Land and Improvements	1,046,000
Buildings and Improvements	20,121,000
Total	21,167,000
Accumulated Depreciation	5,494,000
NBV	$ 15,673,000
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	1,720,000
Buildings and Improvements	11,270,000
Costs Capitalized Subsequent to Acquisition	1,279,000
Gross Amount Carried at Close of Period
Land and Improvements	1,723,000
Buildings and Improvements	12,546,000
Total	14,269,000
Accumulated Depreciation	3,716,000
NBV	$ 10,553,000
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	1,020,000
Buildings and Improvements	10,241,000
Costs Capitalized Subsequent to Acquisition	999,000
Gross Amount Carried at Close of Period
Land and Improvements	1,025,000
Buildings and Improvements	11,235,000
Total	12,260,000
Accumulated Depreciation	3,360,000
NBV	$ 8,900,000
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	680,000
Buildings and Improvements	4,038,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	680,000
Buildings and Improvements	4,038,000
Total	4,718,000
Accumulated Depreciation	1,084,000
NBV	$ 3,634,000
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	2,910,000
Buildings and Improvements	8,882,000
Costs Capitalized Subsequent to Acquisition	184,000
Gross Amount Carried at Close of Period
Land and Improvements	3,094,000
Buildings and Improvements	8,882,000
Total	11,976,000
Accumulated Depreciation	2,418,000
NBV	$ 9,558,000
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	890,000
Buildings and Improvements	5,918,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	890,000
Buildings and Improvements	5,918,000
Total	6,808,000
Accumulated Depreciation	1,493,000
NBV	$ 5,315,000
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	1,227,000
Buildings and Improvements	13,977,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,227,000
Buildings and Improvements	13,977,000
Total	15,204,000
Accumulated Depreciation	2,373,000
NBV	$ 12,831,000
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	594,000
Buildings and Improvements	14,792,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	594,000
Buildings and Improvements	14,792,000
Total	15,386,000
Accumulated Depreciation	2,496,000
NBV	$ 12,890,000
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	706,000
Buildings and Improvements	7,810,000
Costs Capitalized Subsequent to Acquisition	109,000
Gross Amount Carried at Close of Period
Land and Improvements	706,000
Buildings and Improvements	7,919,000
Total	8,625,000
Accumulated Depreciation	1,451,000
NBV	$ 7,174,000
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	1,100,000
Buildings and Improvements	11,880,000
Costs Capitalized Subsequent to Acquisition	2,434,000
Gross Amount Carried at Close of Period
Land and Improvements	1,100,000
Buildings and Improvements	14,314,000
Total	15,414,000
Accumulated Depreciation	5,488,000
NBV	$ 9,926,000
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	1,931,000
Buildings and Improvements	33,576,000
Costs Capitalized Subsequent to Acquisition	1,207,000
Gross Amount Carried at Close of Period
Land and Improvements	1,931,000
Buildings and Improvements	34,783,000
Total	36,714,000
Accumulated Depreciation	5,706,000
NBV	$ 31,008,000
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	2,310,000
Buildings and Improvements	6,322,000
Costs Capitalized Subsequent to Acquisition	677,000
Gross Amount Carried at Close of Period
Land and Improvements	2,185,000
Buildings and Improvements	7,124,000
Total	9,309,000
Accumulated Depreciation	1,004,000
NBV	$ 8,305,000
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	295,000
Buildings and Improvements	13,224,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	295,000
Buildings and Improvements	13,224,000
Total	13,519,000
Accumulated Depreciation	2,226,000
NBV	$ 11,293,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| 7318, Rock Creek Memory Care Community
Real Estate and Accumulated Depreciation
Encumbrances	$ 9,876,000
Initial Cost to Company
Land and Improvements	826,000
Buildings and Improvements	16,353,000
Costs Capitalized Subsequent to Acquisition	3,000
Gross Amount Carried at Close of Period
Land and Improvements	826,000
Buildings and Improvements	16,356,000
Total	17,182,000
Accumulated Depreciation	1,126,000
NBV	$ 16,056,000
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	1,090,000
Buildings and Improvements	12,942,000
Costs Capitalized Subsequent to Acquisition	1,408,000
Gross Amount Carried at Close of Period
Land and Improvements	1,098,000
Buildings and Improvements	14,342,000
Total	15,440,000
Accumulated Depreciation	4,257,000
NBV	$ 11,183,000
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	1,940,000
Buildings and Improvements	5,195,000
Costs Capitalized Subsequent to Acquisition	1,179,000
Gross Amount Carried at Close of Period
Land and Improvements	1,940,000
Buildings and Improvements	6,374,000
Total	8,314,000
Accumulated Depreciation	2,179,000
NBV	$ 6,135,000
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	1,326,000
Buildings and Improvements	10,904,000
Costs Capitalized Subsequent to Acquisition	1,825,000
Gross Amount Carried at Close of Period
Land and Improvements	1,326,000
Buildings and Improvements	12,729,000
Total	14,055,000
Accumulated Depreciation	4,958,000
NBV	$ 9,097,000
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	1,252,000
Buildings and Improvements	7,601,000
Costs Capitalized Subsequent to Acquisition	481,000
Gross Amount Carried at Close of Period
Land and Improvements	1,258,000
Buildings and Improvements	8,076,000
Total	9,334,000
Accumulated Depreciation	3,004,000
NBV	$ 6,330,000
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	204,000
Buildings and Improvements	8,971,000
Costs Capitalized Subsequent to Acquisition	451,000
Gross Amount Carried at Close of Period
Land and Improvements	204,000
Buildings and Improvements	9,422,000
Total	9,626,000
Accumulated Depreciation	3,523,000
NBV	$ 6,103,000
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	1,320,000
Buildings and Improvements	5,693,000
Costs Capitalized Subsequent to Acquisition	513,000
Gross Amount Carried at Close of Period
Land and Improvements	1,320,000
Buildings and Improvements	6,206,000
Total	7,526,000
Accumulated Depreciation	2,314,000
NBV	$ 5,212,000
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	681,000
Buildings and Improvements	6,071,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	681,000
Buildings and Improvements	6,071,000
Total	6,752,000
Accumulated Depreciation	1,034,000
NBV	$ 5,718,000
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	2,970,000
Buildings and Improvements	16,037,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,970,000
Buildings and Improvements	16,037,000
Total	19,007,000
Accumulated Depreciation	4,548,000
NBV	$ 14,459,000
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	1,760,000
Buildings and Improvements	30,469,000
Costs Capitalized Subsequent to Acquisition	4,661,000
Gross Amount Carried at Close of Period
Land and Improvements	1,760,000
Buildings and Improvements	35,130,000
Total	36,890,000
Accumulated Depreciation	11,866,000
NBV	$ 25,024,000
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	1,069,000
Buildings and Improvements	14,929,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,069,000
Buildings and Improvements	14,929,000
Total	15,998,000
Accumulated Depreciation	2,529,000
NBV	$ 13,469,000
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	1,308,000
Buildings and Improvements	19,667,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,308,000
Buildings and Improvements	19,667,000
Total	20,975,000
Accumulated Depreciation	3,293,000
NBV	$ 17,682,000
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	1,170,000
Buildings and Improvements	5,228,000
Costs Capitalized Subsequent to Acquisition	(70,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,170,000
Buildings and Improvements	5,158,000
Total	6,328,000
Accumulated Depreciation	1,558,000
NBV	$ 4,770,000
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	1,652,000
Buildings and Improvements	12,613,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,652,000
Buildings and Improvements	12,613,000
Total	14,265,000
Accumulated Depreciation	1,201,000
NBV	$ 13,064,000
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	2,431,000
Buildings and Improvements	6,101,000
Costs Capitalized Subsequent to Acquisition	204,000
Gross Amount Carried at Close of Period
Land and Improvements	2,431,000
Buildings and Improvements	6,305,000
Total	8,736,000
Accumulated Depreciation	2,343,000
NBV	$ 6,393,000
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	9,104,000
Buildings and Improvements	59,349,000
Costs Capitalized Subsequent to Acquisition	3,198,000
Gross Amount Carried at Close of Period
Land and Improvements	9,115,000
Buildings and Improvements	62,536,000
Total	71,651,000
Accumulated Depreciation	23,150,000
NBV	$ 48,501,000
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	2,700,000
Buildings and Improvements	43,919,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,700,000
Buildings and Improvements	43,919,000
Total	46,619,000
Accumulated Depreciation	8,939,000
NBV	$ 37,680,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Prestige Assisted Living At Lancaster, 1453 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	718,000
Buildings and Improvements	10,459,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	718,000
Buildings and Improvements	10,459,000
Total	11,177,000
Accumulated Depreciation	1,771,000
NBV	$ 9,406,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Prestige Assisted Living At Marysville, 1454 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	741,000
Buildings and Improvements	7,467,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	741,000
Buildings and Improvements	7,467,000
Total	8,208,000
Accumulated Depreciation	1,270,000
NBV	$ 6,938,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Mountview Retirement Residence, 3809 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,089,000
Buildings and Improvements	15,449,000
Costs Capitalized Subsequent to Acquisition	2,232,000
Gross Amount Carried at Close of Period
Land and Improvements	1,089,000
Buildings and Improvements	17,681,000
Total	18,770,000
Accumulated Depreciation	5,991,000
NBV	$ 12,779,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Redwood Retirement, 1402 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,798,000
Buildings and Improvements	12,639,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,798,000
Buildings and Improvements	12,639,000
Total	15,437,000
Accumulated Depreciation	2,620,000
NBV	$ 12,817,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Prestige Assisted Living At Oroville, 1455 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	638,000
Buildings and Improvements	8,079,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	638,000
Buildings and Improvements	8,079,000
Total	8,717,000
Accumulated Depreciation	1,370,000
NBV	$ 7,347,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Valencia Commons, 1403 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,439,000
Buildings and Improvements	36,363,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,439,000
Buildings and Improvements	36,363,000
Total	37,802,000
Accumulated Depreciation	7,382,000
NBV	$ 30,420,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Shasta Estates, 1404 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,180,000
Buildings and Improvements	23,463,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,180,000
Buildings and Improvements	23,463,000
Total	24,643,000
Accumulated Depreciation	4,769,000
NBV	$ 19,874,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| The Vistas, 7481 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,290,000
Buildings and Improvements	22,033,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,290,000
Buildings and Improvements	22,033,000
Total	23,323,000
Accumulated Depreciation	5,892,000
NBV	$ 17,431,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Point Loma 3807 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,117,000
Buildings and Improvements	6,865,000
Costs Capitalized Subsequent to Acquisition	(1,770,000)
Gross Amount Carried at Close of Period
Land and Improvements	6,000
Buildings and Improvements	7,206,000
Total	7,212,000
Accumulated Depreciation	2,659,000
NBV	$ 4,553,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Villa Santa Barbara, 3604 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,219,000
Buildings and Improvements	12,426,000
Costs Capitalized Subsequent to Acquisition	5,325,000
Gross Amount Carried at Close of Period
Land and Improvements	1,219,000
Buildings and Improvements	17,751,000
Total	18,970,000
Accumulated Depreciation	5,791,000
NBV	$ 13,179,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Oak Terrace Memory Care, 7021 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,146,000
Buildings and Improvements	5,275,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,146,000
Buildings and Improvements	5,275,000
Total	6,421,000
Accumulated Depreciation	913,000
NBV	$ 5,508,000
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	1,165,000
Buildings and Improvements	6,719,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,165,000
Buildings and Improvements	6,719,000
Total	7,884,000
Accumulated Depreciation	1,585,000
NBV	$ 6,299,000
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	5,294,000
Buildings and Improvements	32,747,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,294,000
Buildings and Improvements	32,747,000
Total	38,041,000
Accumulated Depreciation	6,742,000
NBV	$ 31,299,000
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	$ 12,558,000
Initial Cost to Company
Land and Improvements	733,000
Buildings and Improvements	18,564,000
Costs Capitalized Subsequent to Acquisition	6,673,000
Gross Amount Carried at Close of Period
Land and Improvements	733,000
Buildings and Improvements	25,237,000
Total	25,970,000
Accumulated Depreciation	1,712,000
NBV	$ 24,258,000
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	$ 5,850,000
Initial Cost to Company
Land and Improvements	768,000
Buildings and Improvements	13,124,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	768,000
Buildings and Improvements	13,124,000
Total	13,892,000
Accumulated Depreciation	1,206,000
NBV	$ 12,686,000
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	1,300,000
Buildings and Improvements	8,378,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,300,000
Buildings and Improvements	8,378,000
Total	9,678,000
Accumulated Depreciation	1,436,000
NBV	$ 8,242,000
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	2,511,000
Buildings and Improvements	26,431,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,511,000
Buildings and Improvements	26,431,000
Total	28,942,000
Accumulated Depreciation	5,400,000
NBV	$ 23,542,000
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	1,157,000
Buildings and Improvements	13,133,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,157,000
Buildings and Improvements	13,133,000
Total	14,290,000
Accumulated Depreciation	3,099,000
NBV	$ 11,191,000
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	630,000
Buildings and Improvements	8,211,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	630,000
Buildings and Improvements	8,211,000
Total	8,841,000
Accumulated Depreciation	2,278,000
NBV	$ 6,563,000
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	330,000
Buildings and Improvements	2,735,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	330,000
Buildings and Improvements	2,735,000
Total	3,065,000
Accumulated Depreciation	767,000
NBV	$ 2,298,000
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	1,306,000
Buildings and Improvements	21,137,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,306,000
Buildings and Improvements	21,137,000
Total	22,443,000
Accumulated Depreciation	4,302,000
NBV	$ 18,141,000
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	1,255,000
Buildings and Improvements	21,837,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,255,000
Buildings and Improvements	21,837,000
Total	23,092,000
Accumulated Depreciation	4,442,000
NBV	$ 18,650,000
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	950,000
Buildings and Improvements	10,092,000
Costs Capitalized Subsequent to Acquisition	555,000
Gross Amount Carried at Close of Period
Land and Improvements	965,000
Buildings and Improvements	10,632,000
Total	11,597,000
Accumulated Depreciation	3,097,000
NBV	$ 8,500,000
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	7,000,000
Buildings and Improvements	31,518,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,000,000
Buildings and Improvements	31,518,000
Total	38,518,000
Accumulated Depreciation	8,424,000
NBV	$ 30,094,000
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	1,610,000
Buildings and Improvements	44,322,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,610,000
Buildings and Improvements	44,322,000
Total	45,932,000
Accumulated Depreciation	11,386,000
NBV	$ 34,546,000
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	2,584,000
Buildings and Improvements	34,507,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,584,000
Buildings and Improvements	34,507,000
Total	37,091,000
Accumulated Depreciation	7,034,000
NBV	$ 30,057,000
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	390,000
Buildings and Improvements	8,337,000
Costs Capitalized Subsequent to Acquisition	100,000
Gross Amount Carried at Close of Period
Land and Improvements	390,000
Buildings and Improvements	8,437,000
Total	8,827,000
Accumulated Depreciation	2,274,000
NBV	$ 6,553,000
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	430,000
Buildings and Improvements	5,902,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	430,000
Buildings and Improvements	5,902,000
Total	6,332,000
Accumulated Depreciation	1,585,000
NBV	$ 4,747,000
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	3,280,000
Buildings and Improvements	11,877,000
Costs Capitalized Subsequent to Acquisition	2,331,000
Gross Amount Carried at Close of Period
Land and Improvements	3,280,000
Buildings and Improvements	14,208,000
Total	17,488,000
Accumulated Depreciation	3,527,000
NBV	$ 13,961,000
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	410,000
Buildings and Improvements	5,659,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	410,000
Buildings and Improvements	5,659,000
Total	6,069,000
Accumulated Depreciation	1,518,000
NBV	$ 4,551,000
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	2,105,000
Buildings and Improvements	18,190,000
Costs Capitalized Subsequent to Acquisition	1,523,000
Gross Amount Carried at Close of Period
Land and Improvements	2,110,000
Buildings and Improvements	19,708,000
Total	21,818,000
Accumulated Depreciation	3,909,000
NBV	$ 17,909,000
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	3,660,000
Buildings and Improvements	9,122,000
Costs Capitalized Subsequent to Acquisition	1,416,000
Gross Amount Carried at Close of Period
Land and Improvements	3,660,000
Buildings and Improvements	10,538,000
Total	14,198,000
Accumulated Depreciation	3,089,000
NBV	$ 11,109,000
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	455,000
Buildings and Improvements	5,905,000
Costs Capitalized Subsequent to Acquisition	547,000
Gross Amount Carried at Close of Period
Land and Improvements	455,000
Buildings and Improvements	6,452,000
Total	6,907,000
Accumulated Depreciation	2,410,000
NBV	$ 4,497,000
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	610,000
Buildings and Improvements	6,503,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	610,000
Buildings and Improvements	6,503,000
Total	7,113,000
Accumulated Depreciation	1,731,000
NBV	$ 5,382,000
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	2,596,000
Buildings and Improvements	18,716,000
Costs Capitalized Subsequent to Acquisition	1,670,000
Gross Amount Carried at Close of Period
Land and Improvements	2,610,000
Buildings and Improvements	20,372,000
Total	22,982,000
Accumulated Depreciation	3,702,000
NBV	$ 19,280,000
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	8,406,000
Buildings and Improvements	78,091,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	8,406,000
Buildings and Improvements	78,091,000
Total	86,497,000
Accumulated Depreciation	20,212,000
NBV	$ 66,285,000
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	2,983,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,983,000
Buildings and Improvements	0
Total	2,983,000
Accumulated Depreciation	0
NBV	2,983,000
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	690,000
Buildings and Improvements	8,767,000
Costs Capitalized Subsequent to Acquisition	121,000
Gross Amount Carried at Close of Period
Land and Improvements	690,000
Buildings and Improvements	8,888,000
Total	9,578,000
Accumulated Depreciation	2,332,000
NBV	$ 7,246,000
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	790,000
Buildings and Improvements	5,605,000
Costs Capitalized Subsequent to Acquisition	3,818,000
Gross Amount Carried at Close of Period
Land and Improvements	983,000
Buildings and Improvements	9,230,000
Total	10,213,000
Accumulated Depreciation	2,179,000
NBV	$ 8,034,000
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	984,000
Buildings and Improvements	30,009,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	984,000
Buildings and Improvements	30,009,000
Total	30,993,000
Accumulated Depreciation	6,087,000
NBV	$ 24,906,000
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	2,230,000
Buildings and Improvements	2,362,000
Costs Capitalized Subsequent to Acquisition	405,000
Gross Amount Carried at Close of Period
Land and Improvements	2,230,000
Buildings and Improvements	2,767,000
Total	4,997,000
Accumulated Depreciation	872,000
NBV	$ 4,125,000
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	400,000
Buildings and Improvements	5,190,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	400,000
Buildings and Improvements	5,190,000
Total	5,590,000
Accumulated Depreciation	1,413,000
NBV	$ 4,177,000
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	2,430,000
Buildings and Improvements	17,745,000
Costs Capitalized Subsequent to Acquisition	329,000
Gross Amount Carried at Close of Period
Land and Improvements	2,430,000
Buildings and Improvements	18,074,000
Total	20,504,000
Accumulated Depreciation	4,779,000
NBV	$ 15,725,000
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	640,000
Buildings and Improvements	8,013,000
Costs Capitalized Subsequent to Acquisition	71,000
Gross Amount Carried at Close of Period
Land and Improvements	641,000
Buildings and Improvements	8,083,000
Total	8,724,000
Accumulated Depreciation	1,979,000
NBV	$ 6,745,000
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	3,920,000
Buildings and Improvements	14,130,000
Costs Capitalized Subsequent to Acquisition	2,142,000
Gross Amount Carried at Close of Period
Land and Improvements	3,920,000
Buildings and Improvements	16,272,000
Total	20,192,000
Accumulated Depreciation	4,070,000
NBV	$ 16,122,000
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	5,410,000
Buildings and Improvements	20,944,000
Costs Capitalized Subsequent to Acquisition	1,761,000
Gross Amount Carried at Close of Period
Land and Improvements	5,415,000
Buildings and Improvements	22,700,000
Total	28,115,000
Accumulated Depreciation	6,303,000
NBV	$ 21,812,000
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	1,767,000
Buildings and Improvements	16,442,000
Costs Capitalized Subsequent to Acquisition	632,000
Gross Amount Carried at Close of Period
Land and Improvements	1,777,000
Buildings and Improvements	17,064,000
Total	18,841,000
Accumulated Depreciation	3,092,000
NBV	$ 15,749,000
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	3,052,000
Buildings and Improvements	9,040,000
Costs Capitalized Subsequent to Acquisition	979,000
Gross Amount Carried at Close of Period
Land and Improvements	3,057,000
Buildings and Improvements	10,014,000
Total	13,071,000
Accumulated Depreciation	2,589,000
NBV	$ 10,482,000
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	530,000
Buildings and Improvements	10,262,000
Costs Capitalized Subsequent to Acquisition	308,000
Gross Amount Carried at Close of Period
Land and Improvements	543,000
Buildings and Improvements	10,557,000
Total	11,100,000
Accumulated Depreciation	2,937,000
NBV	$ 8,163,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,297,000
Buildings and Improvements	11,397,000
Costs Capitalized Subsequent to Acquisition	396,000
Gross Amount Carried at Close of Period
Land and Improvements	1,298,000
Buildings and Improvements	11,792,000
Total	13,090,000
Accumulated Depreciation	2,238,000
NBV	$ 10,852,000
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	3,102,000
Buildings and Improvements	19,599,000
Costs Capitalized Subsequent to Acquisition	(668,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,298,000
Buildings and Improvements	20,735,000
Total	22,033,000
Accumulated Depreciation	3,681,000
NBV	$ 18,352,000
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	1,697,000
Buildings and Improvements	15,542,000
Costs Capitalized Subsequent to Acquisition	175,000
Gross Amount Carried at Close of Period
Land and Improvements	1,697,000
Buildings and Improvements	15,717,000
Total	17,414,000
Accumulated Depreciation	2,856,000
NBV	$ 14,558,000
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	408,000
Buildings and Improvements	6,764,000
Costs Capitalized Subsequent to Acquisition	825,000
Gross Amount Carried at Close of Period
Land and Improvements	408,000
Buildings and Improvements	7,589,000
Total	7,997,000
Accumulated Depreciation	2,556,000
NBV	$ 5,441,000
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	1,474,000
Buildings and Improvements	17,487,000
Costs Capitalized Subsequent to Acquisition	299,000
Gross Amount Carried at Close of Period
Land and Improvements	1,487,000
Buildings and Improvements	17,773,000
Total	19,260,000
Accumulated Depreciation	3,164,000
NBV	$ 16,096,000
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	1,867,000
Buildings and Improvements	15,835,000
Costs Capitalized Subsequent to Acquisition	385,000
Gross Amount Carried at Close of Period
Land and Improvements	1,867,000
Buildings and Improvements	16,220,000
Total	18,087,000
Accumulated Depreciation	2,789,000
NBV	$ 15,298,000
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	2,221,000
Buildings and Improvements	21,989,000
Costs Capitalized Subsequent to Acquisition	780,000
Gross Amount Carried at Close of Period
Land and Improvements	2,232,000
Buildings and Improvements	22,758,000
Total	24,990,000
Accumulated Depreciation	4,224,000
NBV	$ 20,766,000
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	2,173,000
Buildings and Improvements	14,937,000
Costs Capitalized Subsequent to Acquisition	189,000
Gross Amount Carried at Close of Period
Land and Improvements	2,181,000
Buildings and Improvements	15,118,000
Total	17,299,000
Accumulated Depreciation	2,899,000
NBV	$ 14,400,000
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	671,000
Buildings and Improvements	6,849,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	671,000
Buildings and Improvements	6,849,000
Total	7,520,000
Accumulated Depreciation	1,437,000
NBV	$ 6,083,000
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	1,185,000
Buildings and Improvements	8,910,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,185,000
Buildings and Improvements	8,910,000
Total	10,095,000
Accumulated Depreciation	1,922,000
NBV	$ 8,173,000
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	508,000
Buildings and Improvements	6,624,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	508,000
Buildings and Improvements	6,624,000
Total	7,132,000
Accumulated Depreciation	1,350,000
NBV	$ 5,782,000
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	2,175,000
Buildings and Improvements	9,605,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,175,000
Buildings and Improvements	9,605,000
Total	11,780,000
Accumulated Depreciation	2,387,000
NBV	$ 9,393,000
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	1,461,000
Buildings and Improvements	4,881,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,461,000
Buildings and Improvements	4,881,000
Total	6,342,000
Accumulated Depreciation	1,411,000
NBV	$ 4,931,000
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	458,000
Buildings and Improvements	4,590,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	458,000
Buildings and Improvements	4,590,000
Total	5,048,000
Accumulated Depreciation	1,039,000
NBV	$ 4,009,000
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	570,000
Buildings and Improvements	6,536,000
Costs Capitalized Subsequent to Acquisition	194,000
Gross Amount Carried at Close of Period
Land and Improvements	570,000
Buildings and Improvements	6,730,000
Total	7,300,000
Accumulated Depreciation	1,375,000
NBV	$ 5,925,000
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	2,292,000
Buildings and Improvements	3,351,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,292,000
Buildings and Improvements	3,351,000
Total	5,643,000
Accumulated Depreciation	1,552,000
NBV	$ 4,091,000
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	244,000
Buildings and Improvements	11,218,000
Costs Capitalized Subsequent to Acquisition	593,000
Gross Amount Carried at Close of Period
Land and Improvements	277,000
Buildings and Improvements	11,778,000
Total	12,055,000
Accumulated Depreciation	4,204,000
NBV	$ 7,851,000
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	590,000
Buildings and Improvements	4,850,000
Costs Capitalized Subsequent to Acquisition	(35,000)
Gross Amount Carried at Close of Period
Land and Improvements	590,000
Buildings and Improvements	4,815,000
Total	5,405,000
Accumulated Depreciation	1,332,000
NBV	$ 4,073,000
Life on Which Depreciation in Income Statement is Computed	35 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	1,535,000
Buildings and Improvements	21,826,000
Costs Capitalized Subsequent to Acquisition	677,000
Gross Amount Carried at Close of Period
Land and Improvements	1,544,000
Buildings and Improvements	22,494,000
Total	24,038,000
Accumulated Depreciation	3,845,000
NBV	$ 20,193,000
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	1,468,000
Buildings and Improvements	23,929,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,468,000
Buildings and Improvements	23,929,000
Total	25,397,000
Accumulated Depreciation	4,870,000
NBV	$ 20,527,000
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	758,000
Buildings and Improvements	12,048,000
Costs Capitalized Subsequent to Acquisition	764,000
Gross Amount Carried at Close of Period
Land and Improvements	758,000
Buildings and Improvements	12,812,000
Total	13,570,000
Accumulated Depreciation	2,214,000
NBV	$ 11,356,000
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	1,400,000
Buildings and Improvements	26,895,000
Costs Capitalized Subsequent to Acquisition	876,000
Gross Amount Carried at Close of Period
Land and Improvements	1,400,000
Buildings and Improvements	27,771,000
Total	29,171,000
Accumulated Depreciation	7,825,000
NBV	$ 21,346,000
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	1,360,000
Buildings and Improvements	33,147,000
Costs Capitalized Subsequent to Acquisition	1,472,000
Gross Amount Carried at Close of Period
Land and Improvements	1,527,000
Buildings and Improvements	34,452,000
Total	35,979,000
Accumulated Depreciation	8,857,000
NBV	$ 27,122,000
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	1,531,000
Buildings and Improvements	30,811,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,531,000
Buildings and Improvements	30,811,000
Total	32,342,000
Accumulated Depreciation	6,262,000
NBV	$ 26,080,000
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	1,441,000
Buildings and Improvements	45,578,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,441,000
Buildings and Improvements	45,578,000
Total	47,019,000
Accumulated Depreciation	9,244,000
NBV	$ 37,775,000
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	3,490,000
Buildings and Improvements	19,869,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,490,000
Buildings and Improvements	19,869,000
Total	23,359,000
Accumulated Depreciation	5,224,000
NBV	$ 18,135,000
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	2,010,000
Buildings and Improvements	1,293,000
Costs Capitalized Subsequent to Acquisition	229,000
Gross Amount Carried at Close of Period
Land and Improvements	1,951,000
Buildings and Improvements	1,581,000
Total	3,532,000
Accumulated Depreciation	562,000
NBV	$ 2,970,000
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	1,249,000
Buildings and Improvements	4,625,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,249,000
Buildings and Improvements	4,625,000
Total	5,874,000
Accumulated Depreciation	2,680,000
NBV	$ 3,194,000
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	1,832,000
Buildings and Improvements	31,124,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,832,000
Buildings and Improvements	31,124,000
Total	32,956,000
Accumulated Depreciation	6,333,000
NBV	$ 26,623,000
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	320,000
Buildings and Improvements	32,652,000
Costs Capitalized Subsequent to Acquisition	1,249,000
Gross Amount Carried at Close of Period
Land and Improvements	371,000
Buildings and Improvements	33,850,000
Total	34,221,000
Accumulated Depreciation	8,860,000
NBV	$ 25,361,000
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	1,956,000
Buildings and Improvements	18,122,000
Costs Capitalized Subsequent to Acquisition	398,000
Gross Amount Carried at Close of Period
Land and Improvements	1,956,000
Buildings and Improvements	18,520,000
Total	20,476,000
Accumulated Depreciation	4,295,000
NBV	$ 16,181,000
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	2,540,000
Buildings and Improvements	11,707,000
Costs Capitalized Subsequent to Acquisition	443,000
Gross Amount Carried at Close of Period
Land and Improvements	2,540,000
Buildings and Improvements	12,150,000
Total	14,690,000
Accumulated Depreciation	3,150,000
NBV	$ 11,540,000
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	6,190,000
Buildings and Improvements	8,296,000
Costs Capitalized Subsequent to Acquisition	257,000
Gross Amount Carried at Close of Period
Land and Improvements	6,245,000
Buildings and Improvements	8,498,000
Total	14,743,000
Accumulated Depreciation	2,483,000
NBV	$ 12,260,000
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	1,860,000
Buildings and Improvements	8,920,000
Costs Capitalized Subsequent to Acquisition	352,000
Gross Amount Carried at Close of Period
Land and Improvements	1,860,000
Buildings and Improvements	9,272,000
Total	11,132,000
Accumulated Depreciation	2,649,000
NBV	$ 8,483,000
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	732,000
Buildings and Improvements	24,999,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	732,000
Buildings and Improvements	24,999,000
Total	25,731,000
Accumulated Depreciation	5,069,000
NBV	$ 20,662,000
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	2,326,000
Buildings and Improvements	14,158,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,326,000
Buildings and Improvements	14,158,000
Total	16,484,000
Accumulated Depreciation	2,967,000
NBV	$ 13,517,000
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	420,000
Buildings and Improvements	11,217,000
Costs Capitalized Subsequent to Acquisition	7,000
Gross Amount Carried at Close of Period
Land and Improvements	420,000
Buildings and Improvements	11,224,000
Total	11,644,000
Accumulated Depreciation	2,866,000
NBV	$ 8,778,000
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	1,345,000
Buildings and Improvements	16,877,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,345,000
Buildings and Improvements	16,877,000
Total	18,222,000
Accumulated Depreciation	1,598,000
NBV	$ 16,624,000
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	$ 15,922,000
Initial Cost to Company
Land and Improvements	1,975,000
Buildings and Improvements	34,390,000
Costs Capitalized Subsequent to Acquisition	2,076,000
Gross Amount Carried at Close of Period
Land and Improvements	1,975,000
Buildings and Improvements	36,466,000
Total	38,441,000
Accumulated Depreciation	8,444,000
NBV	$ 29,997,000
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	1,316,000
Buildings and Improvements	11,950,000
Costs Capitalized Subsequent to Acquisition	2,418,000
Gross Amount Carried at Close of Period
Land and Improvements	1,316,000
Buildings and Improvements	14,368,000
Total	15,684,000
Accumulated Depreciation	5,397,000
NBV	$ 10,287,000
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	1,279,000
Buildings and Improvements	12,558,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,279,000
Buildings and Improvements	12,558,000
Total	13,837,000
Accumulated Depreciation	1,584,000
NBV	$ 12,253,000
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	1,413,000
Buildings and Improvements	30,267,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,413,000
Buildings and Improvements	30,267,000
Total	31,680,000
Accumulated Depreciation	6,150,000
NBV	$ 25,530,000
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	1,879,000
Buildings and Improvements	36,223,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,879,000
Buildings and Improvements	36,223,000
Total	38,102,000
Accumulated Depreciation	7,364,000
NBV	$ 30,738,000
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	2,439,000
Buildings and Improvements	33,276,000
Costs Capitalized Subsequent to Acquisition	1,473,000
Gross Amount Carried at Close of Period
Land and Improvements	2,471,000
Buildings and Improvements	34,717,000
Total	37,188,000
Accumulated Depreciation	6,055,000
NBV	$ 31,133,000
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	1,150,000
Buildings and Improvements	26,527,000
Costs Capitalized Subsequent to Acquisition	1,103,000
Gross Amount Carried at Close of Period
Land and Improvements	1,165,000
Buildings and Improvements	27,615,000
Total	28,780,000
Accumulated Depreciation	7,317,000
NBV	$ 21,463,000
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	3,498,000
Buildings and Improvements	19,097,000
Costs Capitalized Subsequent to Acquisition	6,790,000
Gross Amount Carried at Close of Period
Land and Improvements	3,498,000
Buildings and Improvements	25,887,000
Total	29,385,000
Accumulated Depreciation	8,822,000
NBV	$ 20,563,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Brookdale Battery Park City, 5076
Real Estate and Accumulated Depreciation
Encumbrances	$ 116,100,000
Initial Cost to Company
Land and Improvements	2,903,000
Buildings and Improvements	186,978,000
Costs Capitalized Subsequent to Acquisition	1,100,000
Gross Amount Carried at Close of Period
Land and Improvements	2,903,000
Buildings and Improvements	188,078,000
Total	190,981,000
Accumulated Depreciation	7,421,000
NBV	$ 183,560,000
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	1,830,000
Buildings and Improvements	20,312,000
Costs Capitalized Subsequent to Acquisition	2,230,000
Gross Amount Carried at Close of Period
Land and Improvements	1,885,000
Buildings and Improvements	22,487,000
Total	24,372,000
Accumulated Depreciation	7,396,000
NBV	$ 16,976,000
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	680,000
Buildings and Improvements	15,370,000
Costs Capitalized Subsequent to Acquisition	183,000
Gross Amount Carried at Close of Period
Land and Improvements	680,000
Buildings and Improvements	15,553,000
Total	16,233,000
Accumulated Depreciation	3,758,000
NBV	$ 12,475,000
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	1,365,000
Buildings and Improvements	15,679,000
Costs Capitalized Subsequent to Acquisition	831,000
Gross Amount Carried at Close of Period
Land and Improvements	1,365,000
Buildings and Improvements	16,510,000
Total	17,875,000
Accumulated Depreciation	3,121,000
NBV	$ 14,754,000
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	250,000
Buildings and Improvements	5,077,000
Costs Capitalized Subsequent to Acquisition	441,000
Gross Amount Carried at Close of Period
Land and Improvements	250,000
Buildings and Improvements	5,518,000
Total	5,768,000
Accumulated Depreciation	2,053,000
NBV	$ 3,715,000
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	530,000
Buildings and Improvements	18,225,000
Costs Capitalized Subsequent to Acquisition	(67,000)
Gross Amount Carried at Close of Period
Land and Improvements	530,000
Buildings and Improvements	18,158,000
Total	18,688,000
Accumulated Depreciation	4,438,000
NBV	$ 14,250,000
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	1,660,000
Buildings and Improvements	15,130,000
Costs Capitalized Subsequent to Acquisition	299,000
Gross Amount Carried at Close of Period
Land and Improvements	1,660,000
Buildings and Improvements	15,429,000
Total	17,089,000
Accumulated Depreciation	3,710,000
NBV	$ 13,379,000
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	2,210,000
Buildings and Improvements	7,372,000
Costs Capitalized Subsequent to Acquisition	55,000
Gross Amount Carried at Close of Period
Land and Improvements	2,210,000
Buildings and Improvements	7,427,000
Total	9,637,000
Accumulated Depreciation	1,873,000
NBV	$ 7,764,000
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	1,450,000
Buildings and Improvements	19,754,000
Costs Capitalized Subsequent to Acquisition	(56,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,450,000
Buildings and Improvements	19,698,000
Total	21,148,000
Accumulated Depreciation	4,870,000
NBV	$ 16,278,000
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	763,000
Buildings and Improvements	27,544,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	763,000
Buildings and Improvements	27,544,000
Total	28,307,000
Accumulated Depreciation	5,584,000
NBV	$ 22,723,000
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	540,000
Buildings and Improvements	14,935,000
Costs Capitalized Subsequent to Acquisition	133,000
Gross Amount Carried at Close of Period
Land and Improvements	540,000
Buildings and Improvements	15,068,000
Total	15,608,000
Accumulated Depreciation	3,643,000
NBV	$ 11,965,000
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	1,989,000
Buildings and Improvements	18,648,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,989,000
Buildings and Improvements	18,648,000
Total	20,637,000
Accumulated Depreciation	4,296,000
NBV	$ 16,341,000
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	184,000
Buildings and Improvements	3,592,000
Costs Capitalized Subsequent to Acquisition	2,029,000
Gross Amount Carried at Close of Period
Land and Improvements	207,000
Buildings and Improvements	5,598,000
Total	5,805,000
Accumulated Depreciation	1,666,000
NBV	$ 4,139,000
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	1,580,000
Buildings and Improvements	25,026,000
Costs Capitalized Subsequent to Acquisition	114,000
Gross Amount Carried at Close of Period
Land and Improvements	1,580,000
Buildings and Improvements	25,140,000
Total	26,720,000
Accumulated Depreciation	6,092,000
NBV	$ 20,628,000
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	660,000
Buildings and Improvements	15,471,000
Costs Capitalized Subsequent to Acquisition	11,000
Gross Amount Carried at Close of Period
Land and Improvements	660,000
Buildings and Improvements	15,482,000
Total	16,142,000
Accumulated Depreciation	3,797,000
NBV	$ 12,345,000
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	1,196,000
Buildings and Improvements	10,766,000
Costs Capitalized Subsequent to Acquisition	725,000
Gross Amount Carried at Close of Period
Land and Improvements	1,196,000
Buildings and Improvements	11,491,000
Total	12,687,000
Accumulated Depreciation	3,208,000
NBV	$ 9,479,000
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	1,330,000
Buildings and Improvements	10,356,000
Costs Capitalized Subsequent to Acquisition	(17,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,330,000
Buildings and Improvements	10,339,000
Total	11,669,000
Accumulated Depreciation	2,597,000
NBV	$ 9,072,000
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	1,210,000
Buildings and Improvements	9,768,000
Costs Capitalized Subsequent to Acquisition	255,000
Gross Amount Carried at Close of Period
Land and Improvements	1,210,000
Buildings and Improvements	10,023,000
Total	11,233,000
Accumulated Depreciation	2,709,000
NBV	$ 8,524,000
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	3,241,000
Buildings and Improvements	9,509,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,241,000
Buildings and Improvements	9,509,000
Total	12,750,000
Accumulated Depreciation	2,465,000
NBV	$ 10,285,000
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	490,000
Buildings and Improvements	3,368,000
Costs Capitalized Subsequent to Acquisition	471,000
Gross Amount Carried at Close of Period
Land and Improvements	490,000
Buildings and Improvements	3,839,000
Total	4,329,000
Accumulated Depreciation	1,420,000
NBV	$ 2,909,000
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	523,000
Buildings and Improvements	7,968,000
Costs Capitalized Subsequent to Acquisition	426,000
Gross Amount Carried at Close of Period
Land and Improvements	523,000
Buildings and Improvements	8,394,000
Total	8,917,000
Accumulated Depreciation	3,146,000
NBV	$ 5,771,000
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	661,000
Buildings and Improvements	9,788,000
Costs Capitalized Subsequent to Acquisition	626,000
Gross Amount Carried at Close of Period
Land and Improvements	661,000
Buildings and Improvements	10,414,000
Total	11,075,000
Accumulated Depreciation	3,904,000
NBV	$ 7,171,000
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	1,235,000
Buildings and Improvements	12,611,000
Costs Capitalized Subsequent to Acquisition	656,000
Gross Amount Carried at Close of Period
Land and Improvements	1,235,000
Buildings and Improvements	13,267,000
Total	14,502,000
Accumulated Depreciation	4,972,000
NBV	$ 9,530,000
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	980,000
Buildings and Improvements	12,604,000
Costs Capitalized Subsequent to Acquisition	825,000
Gross Amount Carried at Close of Period
Land and Improvements	980,000
Buildings and Improvements	13,429,000
Total	14,409,000
Accumulated Depreciation	5,023,000
NBV	$ 9,386,000
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	500,000
Buildings and Improvements	15,461,000
Costs Capitalized Subsequent to Acquisition	1,116,000
Gross Amount Carried at Close of Period
Land and Improvements	557,000
Buildings and Improvements	16,520,000
Total	17,077,000
Accumulated Depreciation	4,786,000
NBV	$ 12,291,000
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	2,401,000
Buildings and Improvements	20,640,000
Costs Capitalized Subsequent to Acquisition	623,000
Gross Amount Carried at Close of Period
Land and Improvements	2,415,000
Buildings and Improvements	21,249,000
Total	23,664,000
Accumulated Depreciation	4,067,000
NBV	$ 19,597,000
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	653,000
Buildings and Improvements	2,801,000
Costs Capitalized Subsequent to Acquisition	712,000
Gross Amount Carried at Close of Period
Land and Improvements	653,000
Buildings and Improvements	3,513,000
Total	4,166,000
Accumulated Depreciation	1,299,000
NBV	$ 2,867,000
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	372,000
Buildings and Improvements	3,587,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	372,000
Buildings and Improvements	3,587,000
Total	3,959,000
Accumulated Depreciation	808,000
NBV	$ 3,151,000
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	444,000
Buildings and Improvements	7,525,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	444,000
Buildings and Improvements	7,525,000
Total	7,969,000
Accumulated Depreciation	1,688,000
NBV	$ 6,281,000
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	438,000
Buildings and Improvements	3,028,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	438,000
Buildings and Improvements	3,028,000
Total	3,466,000
Accumulated Depreciation	685,000
NBV	$ 2,781,000
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	544,000
Buildings and Improvements	9,133,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	544,000
Buildings and Improvements	9,133,000
Total	9,677,000
Accumulated Depreciation	2,049,000
NBV	$ 7,628,000
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	2,077,000
Buildings and Improvements	14,184,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,077,000
Buildings and Improvements	14,184,000
Total	16,261,000
Accumulated Depreciation	3,347,000
NBV	$ 12,914,000
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	1,430,000
Buildings and Improvements	5,311,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,430,000
Buildings and Improvements	5,311,000
Total	6,741,000
Accumulated Depreciation	910,000
NBV	$ 5,831,000
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	2,356,000
Buildings and Improvements	15,476,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,356,000
Buildings and Improvements	15,476,000
Total	17,832,000
Accumulated Depreciation	3,183,000
NBV	$ 14,649,000
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	$ 2,427,000
Initial Cost to Company
Land and Improvements	1,126,000
Buildings and Improvements	10,283,000
Costs Capitalized Subsequent to Acquisition	92,000
Gross Amount Carried at Close of Period
Land and Improvements	1,126,000
Buildings and Improvements	10,375,000
Total	11,501,000
Accumulated Depreciation	1,935,000
NBV	$ 9,566,000
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	498,000
Buildings and Improvements	2,795,000
Costs Capitalized Subsequent to Acquisition	519,000
Gross Amount Carried at Close of Period
Land and Improvements	498,000
Buildings and Improvements	3,314,000
Total	3,812,000
Accumulated Depreciation	699,000
NBV	$ 3,113,000
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	2,681,000
Buildings and Improvements	10,941,000
Costs Capitalized Subsequent to Acquisition	23,000
Gross Amount Carried at Close of Period
Land and Improvements	2,681,000
Buildings and Improvements	10,964,000
Total	13,645,000
Accumulated Depreciation	2,548,000
NBV	$ 11,097,000
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	4,400,000
Buildings and Improvements	8,353,000
Costs Capitalized Subsequent to Acquisition	1,413,000
Gross Amount Carried at Close of Period
Land and Improvements	4,400,000
Buildings and Improvements	9,766,000
Total	14,166,000
Accumulated Depreciation	2,939,000
NBV	$ 11,227,000
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	$ 31,754,000
Initial Cost to Company
Land and Improvements	4,689,000
Buildings and Improvements	55,035,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,689,000
Buildings and Improvements	55,035,000
Total	59,724,000
Accumulated Depreciation	13,789,000
NBV	$ 45,935,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| 1530, The Arbor at Avamere Court
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	922,000
Buildings and Improvements	6,460,000
Costs Capitalized Subsequent to Acquisition	110,000
Gross Amount Carried at Close of Period
Land and Improvements	1,135,000
Buildings and Improvements	6,357,000
Total	7,492,000
Accumulated Depreciation	1,326,000
NBV	$ 6,166,000
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	$ 11,128,000
Initial Cost to Company
Land and Improvements	943,000
Buildings and Improvements	26,237,000
Costs Capitalized Subsequent to Acquisition	166,000
Gross Amount Carried at Close of Period
Land and Improvements	943,000
Buildings and Improvements	26,403,000
Total	27,346,000
Accumulated Depreciation	4,556,000
NBV	$ 22,790,000
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	1,800,000
Buildings and Improvements	16,122,000
Costs Capitalized Subsequent to Acquisition	802,000
Gross Amount Carried at Close of Period
Land and Improvements	1,806,000
Buildings and Improvements	16,918,000
Total	18,724,000
Accumulated Depreciation	4,680,000
NBV	$ 14,044,000
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	$ 14,238,000
Initial Cost to Company
Land and Improvements	1,264,000
Buildings and Improvements	22,429,000
Costs Capitalized Subsequent to Acquisition	3,194,000
Gross Amount Carried at Close of Period
Land and Improvements	1,381,000
Buildings and Improvements	25,506,000
Total	26,887,000
Accumulated Depreciation	5,574,000
NBV	$ 21,313,000
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	$ 7,666,000
Initial Cost to Company
Land and Improvements	681,000
Buildings and Improvements	12,077,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	681,000
Buildings and Improvements	12,077,000
Total	12,758,000
Accumulated Depreciation	2,829,000
NBV	$ 9,929,000
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	904,000
Buildings and Improvements	7,433,000
Costs Capitalized Subsequent to Acquisition	242,000
Gross Amount Carried at Close of Period
Land and Improvements	904,000
Buildings and Improvements	7,675,000
Total	8,579,000
Accumulated Depreciation	1,324,000
NBV	$ 7,255,000
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	1,320,000
Buildings and Improvements	4,664,000
Costs Capitalized Subsequent to Acquisition	641,000
Gross Amount Carried at Close of Period
Land and Improvements	1,342,000
Buildings and Improvements	5,283,000
Total	6,625,000
Accumulated Depreciation	1,779,000
NBV	$ 4,846,000
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	1,910,000
Buildings and Improvements	4,249,000
Costs Capitalized Subsequent to Acquisition	2,316,000
Gross Amount Carried at Close of Period
Land and Improvements	1,910,000
Buildings and Improvements	6,565,000
Total	8,475,000
Accumulated Depreciation	2,217,000
NBV	$ 6,258,000
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	2,418,000
Buildings and Improvements	26,819,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,418,000
Buildings and Improvements	26,819,000
Total	29,237,000
Accumulated Depreciation	4,537,000
NBV	$ 24,700,000
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	3,150,000
Buildings and Improvements	16,740,000
Costs Capitalized Subsequent to Acquisition	257,000
Gross Amount Carried at Close of Period
Land and Improvements	3,150,000
Buildings and Improvements	16,997,000
Total	20,147,000
Accumulated Depreciation	4,691,000
NBV	$ 15,456,000
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	868,000
Buildings and Improvements	12,652,000
Costs Capitalized Subsequent to Acquisition	19,000
Gross Amount Carried at Close of Period
Land and Improvements	868,000
Buildings and Improvements	12,671,000
Total	13,539,000
Accumulated Depreciation	2,030,000
NBV	$ 11,509,000
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	1,513,000
Buildings and Improvements	16,774,000
Costs Capitalized Subsequent to Acquisition	(175,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,513,000
Buildings and Improvements	16,599,000
Total	18,112,000
Accumulated Depreciation	2,657,000
NBV	$ 15,455,000
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	1,000,000
Buildings and Improvements	7,309,000
Costs Capitalized Subsequent to Acquisition	345,000
Gross Amount Carried at Close of Period
Land and Improvements	1,000,000
Buildings and Improvements	7,654,000
Total	8,654,000
Accumulated Depreciation	2,305,000
NBV	$ 6,349,000
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	1,940,000
Buildings and Improvements	4,027,000
Costs Capitalized Subsequent to Acquisition	627,000
Gross Amount Carried at Close of Period
Land and Improvements	1,945,000
Buildings and Improvements	4,649,000
Total	6,594,000
Accumulated Depreciation	1,490,000
NBV	$ 5,104,000
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	2,212,000
Buildings and Improvements	7,311,000
Costs Capitalized Subsequent to Acquisition	270,000
Gross Amount Carried at Close of Period
Land and Improvements	2,212,000
Buildings and Improvements	7,581,000
Total	9,793,000
Accumulated Depreciation	1,367,000
NBV	$ 8,426,000
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	1,010,000
Buildings and Improvements	7,051,000
Costs Capitalized Subsequent to Acquisition	638,000
Gross Amount Carried at Close of Period
Land and Improvements	1,010,000
Buildings and Improvements	7,689,000
Total	8,699,000
Accumulated Depreciation	2,228,000
NBV	$ 6,471,000
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	1,550,000
Buildings and Improvements	4,197,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,550,000
Buildings and Improvements	4,197,000
Total	5,747,000
Accumulated Depreciation	1,123,000
NBV	$ 4,624,000
Life on Which Depreciation in Income Statement is Computed	35 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	1,410,000
Buildings and Improvements	10,496,000
Costs Capitalized Subsequent to Acquisition	502,000
Gross Amount Carried at Close of Period
Land and Improvements	1,410,000
Buildings and Improvements	10,998,000
Total	12,408,000
Accumulated Depreciation	3,195,000
NBV	$ 9,213,000
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	1,631,000
Buildings and Improvements	17,786,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,631,000
Buildings and Improvements	17,786,000
Total	19,417,000
Accumulated Depreciation	3,003,000
NBV	$ 16,414,000
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	1,171,000
Buildings and Improvements	5,686,000
Costs Capitalized Subsequent to Acquisition	391,000
Gross Amount Carried at Close of Period
Land and Improvements	1,171,000
Buildings and Improvements	6,077,000
Total	7,248,000
Accumulated Depreciation	2,255,000
NBV	$ 4,993,000
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	1,394,000
Buildings and Improvements	8,586,000
Costs Capitalized Subsequent to Acquisition	519,000
Gross Amount Carried at Close of Period
Land and Improvements	1,394,000
Buildings and Improvements	9,105,000
Total	10,499,000
Accumulated Depreciation	3,365,000
NBV	$ 7,134,000
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	111,000
Buildings and Improvements	6,741,000
Costs Capitalized Subsequent to Acquisition	396,000
Gross Amount Carried at Close of Period
Land and Improvements	111,000
Buildings and Improvements	7,137,000
Total	7,248,000
Accumulated Depreciation	2,642,000
NBV	$ 4,606,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| 1703, Elmcroft of Bridgeville
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,660,000
Buildings and Improvements	12,624,000
Costs Capitalized Subsequent to Acquisition	585,000
Gross Amount Carried at Close of Period
Land and Improvements	1,660,000
Buildings and Improvements	13,209,000
Total	14,869,000
Accumulated Depreciation	3,294,000
NBV	$ 11,575,000
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	432,000
Buildings and Improvements	7,797,000
Costs Capitalized Subsequent to Acquisition	543,000
Gross Amount Carried at Close of Period
Land and Improvements	432,000
Buildings and Improvements	8,340,000
Total	8,772,000
Accumulated Depreciation	3,091,000
NBV	$ 5,681,000
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	331,000
Buildings and Improvements	4,729,000
Costs Capitalized Subsequent to Acquisition	540,000
Gross Amount Carried at Close of Period
Land and Improvements	331,000
Buildings and Improvements	5,269,000
Total	5,600,000
Accumulated Depreciation	1,931,000
NBV	$ 3,669,000
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	240,000
Buildings and Improvements	7,336,000
Costs Capitalized Subsequent to Acquisition	481,000
Gross Amount Carried at Close of Period
Land and Improvements	249,000
Buildings and Improvements	7,808,000
Total	8,057,000
Accumulated Depreciation	2,926,000
NBV	$ 5,131,000
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	232,000
Buildings and Improvements	5,666,000
Costs Capitalized Subsequent to Acquisition	512,000
Gross Amount Carried at Close of Period
Land and Improvements	232,000
Buildings and Improvements	6,178,000
Total	6,410,000
Accumulated Depreciation	2,264,000
NBV	$ 4,146,000
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	420,000
Buildings and Improvements	4,406,000
Costs Capitalized Subsequent to Acquisition	450,000
Gross Amount Carried at Close of Period
Land and Improvements	420,000
Buildings and Improvements	4,856,000
Total	5,276,000
Accumulated Depreciation	2,895,000
NBV	$ 2,381,000
Life on Which Depreciation in Income Statement is Computed	30 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	413,000
Buildings and Improvements	3,412,000
Costs Capitalized Subsequent to Acquisition	443,000
Gross Amount Carried at Close of Period
Land and Improvements	413,000
Buildings and Improvements	3,855,000
Total	4,268,000
Accumulated Depreciation	1,439,000
NBV	$ 2,829,000
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	1,151,000
Buildings and Improvements	9,079,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,151,000
Buildings and Improvements	9,079,000
Total	10,230,000
Accumulated Depreciation	4,933,000
NBV	$ 5,297,000
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	619,000
Buildings and Improvements	11,662,000
Costs Capitalized Subsequent to Acquisition	285,000
Gross Amount Carried at Close of Period
Land and Improvements	619,000
Buildings and Improvements	11,947,000
Total	12,566,000
Accumulated Depreciation	2,013,000
NBV	$ 10,553,000
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	360,000
Buildings and Improvements	3,233,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	360,000
Buildings and Improvements	3,233,000
Total	3,593,000
Accumulated Depreciation	1,807,000
NBV	$ 1,786,000
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	470,000
Buildings and Improvements	4,301,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	470,000
Buildings and Improvements	4,301,000
Total	4,771,000
Accumulated Depreciation	2,401,000
NBV	$ 2,370,000
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	689,000
Buildings and Improvements	4,265,000
Costs Capitalized Subsequent to Acquisition	351,000
Gross Amount Carried at Close of Period
Land and Improvements	689,000
Buildings and Improvements	4,616,000
Total	5,305,000
Accumulated Depreciation	2,368,000
NBV	$ 2,937,000
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	638,000
Buildings and Improvements	4,942,000
Costs Capitalized Subsequent to Acquisition	422,000
Gross Amount Carried at Close of Period
Land and Improvements	638,000
Buildings and Improvements	5,364,000
Total	6,002,000
Accumulated Depreciation	1,977,000
NBV	$ 4,025,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Reedsville, 3855
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	189,000
Buildings and Improvements	5,170,000
Costs Capitalized Subsequent to Acquisition	437,000
Gross Amount Carried at Close of Period
Land and Improvements	189,000
Buildings and Improvements	5,607,000
Total	5,796,000
Accumulated Depreciation	2,083,000
NBV	$ 3,713,000
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	203,000
Buildings and Improvements	7,634,000
Costs Capitalized Subsequent to Acquisition	514,000
Gross Amount Carried at Close of Period
Land and Improvements	209,000
Buildings and Improvements	8,142,000
Total	8,351,000
Accumulated Depreciation	3,014,000
NBV	$ 5,337,000
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	320,000
Buildings and Improvements	7,407,000
Costs Capitalized Subsequent to Acquisition	389,000
Gross Amount Carried at Close of Period
Land and Improvements	320,000
Buildings and Improvements	7,796,000
Total	8,116,000
Accumulated Depreciation	2,912,000
NBV	$ 5,204,000
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	1,260,000
Buildings and Improvements	6,923,000
Costs Capitalized Subsequent to Acquisition	232,000
Gross Amount Carried at Close of Period
Land and Improvements	1,260,000
Buildings and Improvements	7,155,000
Total	8,415,000
Accumulated Depreciation	1,810,000
NBV	$ 6,605,000
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	$ 0
Initial Cost to Company
Land and Improvements	969,000
Buildings and Improvements	15,613,000
Costs Capitalized Subsequent to Acquisition	236,000
Gross Amount Carried at Close of Period
Land and Improvements	974,000
Buildings and Improvements	15,844,000
Total	16,818,000
Accumulated Depreciation	2,933,000
NBV	$ 13,885,000
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	1,058,000
Buildings and Improvements	27,471,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,058,000
Buildings and Improvements	27,471,000
Total	28,529,000
Accumulated Depreciation	5,576,000
NBV	$ 22,953,000
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	108,000
Buildings and Improvements	7,620,000
Costs Capitalized Subsequent to Acquisition	1,095,000
Gross Amount Carried at Close of Period
Land and Improvements	122,000
Buildings and Improvements	8,701,000
Total	8,823,000
Accumulated Depreciation	3,283,000
NBV	$ 5,540,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Carolina Gardens at Garden City, 1680 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,095,000
Buildings and Improvements	8,618,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,095,000
Buildings and Improvements	8,618,000
Total	9,713,000
Accumulated Depreciation	27,000
NBV	$ 9,686,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Carolina Gardens at Rock Hill, 1681 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	790,000
Buildings and Improvements	9,568,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	790,000
Buildings and Improvements	9,568,000
Total	10,358,000
Accumulated Depreciation	30,000
NBV	$ 10,328,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Primrose Aberdeen, 7420 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	850,000
Buildings and Improvements	659,000
Costs Capitalized Subsequent to Acquisition	235,000
Gross Amount Carried at Close of Period
Land and Improvements	850,000
Buildings and Improvements	894,000
Total	1,744,000
Accumulated Depreciation	472,000
NBV	$ 1,272,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Primrose Place, 7425 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	310,000
Buildings and Improvements	3,242,000
Costs Capitalized Subsequent to Acquisition	53,000
Gross Amount Carried at Close of Period
Land and Improvements	310,000
Buildings and Improvements	3,295,000
Total	3,605,000
Accumulated Depreciation	912,000
NBV	$ 2,693,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Primrose Rapid City, 7426 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	860,000
Buildings and Improvements	8,722,000
Costs Capitalized Subsequent to Acquisition	88,000
Gross Amount Carried at Close of Period
Land and Improvements	860,000
Buildings and Improvements	8,810,000
Total	9,670,000
Accumulated Depreciation	2,446,000
NBV	$ 7,224,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Primrose Sioux Falls, 7427 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,180,000
Buildings and Improvements	12,936,000
Costs Capitalized Subsequent to Acquisition	315,000
Gross Amount Carried at Close of Period
Land and Improvements	2,180,000
Buildings and Improvements	13,251,000
Total	15,431,000
Accumulated Depreciation	3,731,000
NBV	$ 11,700,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Bristol, 1706 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	470,000
Buildings and Improvements	16,006,000
Costs Capitalized Subsequent to Acquisition	411,000
Gross Amount Carried at Close of Period
Land and Improvements	470,000
Buildings and Improvements	16,417,000
Total	16,887,000
Accumulated Depreciation	4,014,000
NBV	$ 12,873,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Hamilton Place, 3804 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	87,000
Buildings and Improvements	4,248,000
Costs Capitalized Subsequent to Acquisition	494,000
Gross Amount Carried at Close of Period
Land and Improvements	87,000
Buildings and Improvements	4,742,000
Total	4,829,000
Accumulated Depreciation	1,763,000
NBV	$ 3,066,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Shallowford, 3875 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	580,000
Buildings and Improvements	7,568,000
Costs Capitalized Subsequent to Acquisition	1,070,000
Gross Amount Carried at Close of Period
Land and Improvements	585,000
Buildings and Improvements	8,633,000
Total	9,218,000
Accumulated Depreciation	2,781,000
NBV	$ 6,437,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft Of Hendersonville, 3901 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	600,000
Buildings and Improvements	5,304,000
Costs Capitalized Subsequent to Acquisition	836,000
Gross Amount Carried at Close of Period
Land and Improvements	600,000
Buildings and Improvements	6,140,000
Total	6,740,000
Accumulated Depreciation	1,054,000
NBV	$ 5,686,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Regency House, 7634 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	140,000
Buildings and Improvements	6,611,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	140,000
Buildings and Improvements	6,611,000
Total	6,751,000
Accumulated Depreciation	1,764,000
NBV	$ 4,987,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft Of Jackson, 3906 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	768,000
Buildings and Improvements	16,840,000
Costs Capitalized Subsequent to Acquisition	885,000
Gross Amount Carried at Close of Period
Land and Improvements	786,000
Buildings and Improvements	17,707,000
Total	18,493,000
Accumulated Depreciation	3,027,000
NBV	$ 15,466,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft Johnson City, 1710 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	590,000
Buildings and Improvements	10,043,000
Costs Capitalized Subsequent to Acquisition	372,000
Gross Amount Carried at Close of Period
Land and Improvements	601,000
Buildings and Improvements	10,404,000
Total	11,005,000
Accumulated Depreciation	2,552,000
NBV	$ 8,453,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Kingsport, 3819 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	22,000
Buildings and Improvements	7,815,000
Costs Capitalized Subsequent to Acquisition	571,000
Gross Amount Carried at Close of Period
Land and Improvements	22,000
Buildings and Improvements	8,386,000
Total	8,408,000
Accumulated Depreciation	3,117,000
NBV	$ 5,291,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Arbor Terrace of Knoxville [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	590,000
Buildings and Improvements	15,862,000
Costs Capitalized Subsequent to Acquisition	1,009,000
Gross Amount Carried at Close of Period
Land and Improvements	590,000
Buildings and Improvements	16,871,000
Total	17,461,000
Accumulated Depreciation	3,176,000
NBV	$ 14,285,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of West Knoxville, 3862 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	439,000
Buildings and Improvements	10,697,000
Costs Capitalized Subsequent to Acquisition	862,000
Gross Amount Carried at Close of Period
Land and Improvements	456,000
Buildings and Improvements	11,542,000
Total	11,998,000
Accumulated Depreciation	4,321,000
NBV	$ 7,677,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft Of Halls, 3904 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	387,000
Buildings and Improvements	4,948,000
Costs Capitalized Subsequent to Acquisition	506,000
Gross Amount Carried at Close of Period
Land and Improvements	387,000
Buildings and Improvements	5,454,000
Total	5,841,000
Accumulated Depreciation	958,000
NBV	$ 4,883,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Lebanon, 3863 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	180,000
Buildings and Improvements	7,086,000
Costs Capitalized Subsequent to Acquisition	1,098,000
Gross Amount Carried at Close of Period
Land and Improvements	200,000
Buildings and Improvements	8,164,000
Total	8,364,000
Accumulated Depreciation	3,077,000
NBV	$ 5,287,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Bartlett, 3868 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	570,000
Buildings and Improvements	25,552,000
Costs Capitalized Subsequent to Acquisition	1,073,000
Gross Amount Carried at Close of Period
Land and Improvements	570,000
Buildings and Improvements	26,625,000
Total	27,195,000
Accumulated Depreciation	7,054,000
NBV	$ 20,141,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Kennington Place, 7630 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,820,000
Buildings and Improvements	4,748,000
Costs Capitalized Subsequent to Acquisition	815,000
Gross Amount Carried at Close of Period
Land and Improvements	1,820,000
Buildings and Improvements	5,563,000
Total	7,383,000
Accumulated Depreciation	2,467,000
NBV	$ 4,916,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| The Glenmary, 7633 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	510,000
Buildings and Improvements	5,860,000
Costs Capitalized Subsequent to Acquisition	3,124,000
Gross Amount Carried at Close of Period
Land and Improvements	510,000
Buildings and Improvements	8,984,000
Total	9,494,000
Accumulated Depreciation	2,624,000
NBV	$ 6,870,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Murfreesboro, 1705 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	940,000
Buildings and Improvements	8,030,000
Costs Capitalized Subsequent to Acquisition	228,000
Gross Amount Carried at Close of Period
Land and Improvements	940,000
Buildings and Improvements	8,258,000
Total	9,198,000
Accumulated Depreciation	2,044,000
NBV	$ 7,154,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Brentwood, 3871 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	960,000
Buildings and Improvements	22,020,000
Costs Capitalized Subsequent to Acquisition	1,807,000
Gross Amount Carried at Close of Period
Land and Improvements	973,000
Buildings and Improvements	23,814,000
Total	24,787,000
Accumulated Depreciation	6,449,000
NBV	$ 18,338,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Arlington, 3899 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,650,000
Buildings and Improvements	14,060,000
Costs Capitalized Subsequent to Acquisition	1,038,000
Gross Amount Carried at Close of Period
Land and Improvements	2,654,000
Buildings and Improvements	15,094,000
Total	17,748,000
Accumulated Depreciation	4,406,000
NBV	$ 13,342,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Meadowbrook Memory Care Community, 7309 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	755,000
Buildings and Improvements	4,677,000
Costs Capitalized Subsequent to Acquisition	940,000
Gross Amount Carried at Close of Period
Land and Improvements	755,000
Buildings and Improvements	5,617,000
Total	6,372,000
Accumulated Depreciation	1,250,000
NBV	$ 5,122,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Austin, 3867 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,770,000
Buildings and Improvements	25,820,000
Costs Capitalized Subsequent to Acquisition	1,274,000
Gross Amount Carried at Close of Period
Land and Improvements	2,770,000
Buildings and Improvements	27,094,000
Total	29,864,000
Accumulated Depreciation	7,345,000
NBV	$ 22,519,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Bedford, 3869 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	770,000
Buildings and Improvements	19,691,000
Costs Capitalized Subsequent to Acquisition	1,554,000
Gross Amount Carried at Close of Period
Land and Improvements	770,000
Buildings and Improvements	21,245,000
Total	22,015,000
Accumulated Depreciation	5,885,000
NBV	$ 16,130,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Highland Estates, 1422 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,679,000
Buildings and Improvements	28,943,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,679,000
Buildings and Improvements	28,943,000
Total	30,622,000
Accumulated Depreciation	5,888,000
NBV	$ 24,734,000
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	900,000
Buildings and Improvements	5,512,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	900,000
Buildings and Improvements	5,512,000
Total	6,412,000
Accumulated Depreciation	1,499,000
NBV	$ 4,913,000
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	390,000
Buildings and Improvements	8,186,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	390,000
Buildings and Improvements	8,186,000
Total	8,576,000
Accumulated Depreciation	1,834,000
NBV	$ 6,742,000
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	1,216,000
Buildings and Improvements	21,135,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,216,000
Buildings and Improvements	21,135,000
Total	22,351,000
Accumulated Depreciation	4,299,000
NBV	$ 18,052,000
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	3,970,000
Buildings and Improvements	15,919,000
Costs Capitalized Subsequent to Acquisition	1,417,000
Gross Amount Carried at Close of Period
Land and Improvements	3,970,000
Buildings and Improvements	17,336,000
Total	21,306,000
Accumulated Depreciation	4,942,000
NBV	$ 16,364,000
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	1,580,000
Buildings and Improvements	21,801,000
Costs Capitalized Subsequent to Acquisition	1,358,000
Gross Amount Carried at Close of Period
Land and Improvements	1,593,000
Buildings and Improvements	23,146,000
Total	24,739,000
Accumulated Depreciation	6,213,000
NBV	$ 18,526,000
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	5,100,000
Costs Capitalized Subsequent to Acquisition	773,000
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	5,873,000
Total	5,873,000
Accumulated Depreciation	1,902,000
NBV	$ 3,971,000
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	710,000
Buildings and Improvements	14,765,000
Costs Capitalized Subsequent to Acquisition	1,209,000
Gross Amount Carried at Close of Period
Land and Improvements	710,000
Buildings and Improvements	15,974,000
Total	16,684,000
Accumulated Depreciation	4,462,000
NBV	$ 12,222,000
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	765,000
Buildings and Improvements	29,447,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	765,000
Buildings and Improvements	29,447,000
Total	30,212,000
Accumulated Depreciation	5,969,000
NBV	$ 24,243,000
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	1,014,000
Buildings and Improvements	5,719,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,014,000
Buildings and Improvements	5,719,000
Total	6,733,000
Accumulated Depreciation	1,206,000
NBV	$ 5,527,000
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	1,537,000
Buildings and Improvements	12,883,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,537,000
Buildings and Improvements	12,883,000
Total	14,420,000
Accumulated Depreciation	2,908,000
NBV	$ 11,512,000
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	920,000
Buildings and Improvements	13,011,000
Costs Capitalized Subsequent to Acquisition	1,058,000
Gross Amount Carried at Close of Period
Land and Improvements	925,000
Buildings and Improvements	14,064,000
Total	14,989,000
Accumulated Depreciation	4,144,000
NBV	$ 10,845,000
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	1,488,000
Buildings and Improvements	24,556,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,488,000
Buildings and Improvements	24,556,000
Total	26,044,000
Accumulated Depreciation	4,997,000
NBV	$ 21,047,000
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	473,000
Buildings and Improvements	6,750,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	473,000
Buildings and Improvements	6,750,000
Total	7,223,000
Accumulated Depreciation	1,516,000
NBV	$ 5,707,000
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	630,000
Buildings and Improvements	17,515,000
Costs Capitalized Subsequent to Acquisition	1,005,000
Gross Amount Carried at Close of Period
Land and Improvements	630,000
Buildings and Improvements	18,520,000
Total	19,150,000
Accumulated Depreciation	5,101,000
NBV	$ 14,049,000
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	520,000
Buildings and Improvements	14,849,000
Costs Capitalized Subsequent to Acquisition	1,273,000
Gross Amount Carried at Close of Period
Land and Improvements	523,000
Buildings and Improvements	16,119,000
Total	16,642,000
Accumulated Depreciation	4,533,000
NBV	$ 12,109,000
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	440,000
Buildings and Improvements	13,040,000
Costs Capitalized Subsequent to Acquisition	1,182,000
Gross Amount Carried at Close of Period
Land and Improvements	446,000
Buildings and Improvements	14,216,000
Total	14,662,000
Accumulated Depreciation	3,996,000
NBV	$ 10,666,000
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	233,000
Buildings and Improvements	3,347,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	233,000
Buildings and Improvements	3,347,000
Total	3,580,000
Accumulated Depreciation	752,000
NBV	$ 2,828,000
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	320,000
Buildings and Improvements	13,799,000
Costs Capitalized Subsequent to Acquisition	1,011,000
Gross Amount Carried at Close of Period
Land and Improvements	320,000
Buildings and Improvements	14,810,000
Total	15,130,000
Accumulated Depreciation	4,340,000
NBV	$ 10,790,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,243,000
Buildings and Improvements	24,659,000
Costs Capitalized Subsequent to Acquisition	99,000
Gross Amount Carried at Close of Period
Land and Improvements	1,243,000
Buildings and Improvements	24,758,000
Total	26,001,000
Accumulated Depreciation	4,140,000
NBV	$ 21,861,000
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	829,000
Buildings and Improvements	6,534,000
Costs Capitalized Subsequent to Acquisition	556,000
Gross Amount Carried at Close of Period
Land and Improvements	836,000
Buildings and Improvements	7,083,000
Total	7,919,000
Accumulated Depreciation	2,639,000
NBV	$ 5,280,000
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	1,813,000
Buildings and Improvements	9,027,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,813,000
Buildings and Improvements	9,027,000
Total	10,840,000
Accumulated Depreciation	2,130,000
NBV	$ 8,710,000
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	1,413,000
Buildings and Improvements	6,294,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,413,000
Buildings and Improvements	6,294,000
Total	7,707,000
Accumulated Depreciation	1,059,000
NBV	$ 6,648,000
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	3,383,000
Buildings and Improvements	17,553,000
Costs Capitalized Subsequent to Acquisition	(10,000)
Gross Amount Carried at Close of Period
Land and Improvements	3,381,000
Buildings and Improvements	17,545,000
Total	20,926,000
Accumulated Depreciation	2,684,000
NBV	$ 18,242,000
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	2,114,000
Buildings and Improvements	21,006,000
Costs Capitalized Subsequent to Acquisition	(23,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,114,000
Buildings and Improvements	20,983,000
Total	23,097,000
Accumulated Depreciation	3,160,000
NBV	$ 19,937,000
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	4,273,000
Buildings and Improvements	27,852,000
Costs Capitalized Subsequent to Acquisition	(188,000)
Gross Amount Carried at Close of Period
Land and Improvements	4,273,000
Buildings and Improvements	27,664,000
Total	31,937,000
Accumulated Depreciation	4,029,000
NBV	$ 27,908,000
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	1,515,000
Buildings and Improvements	12,520,000
Costs Capitalized Subsequent to Acquisition	35,000
Gross Amount Carried at Close of Period
Land and Improvements	1,514,000
Buildings and Improvements	12,556,000
Total	14,070,000
Accumulated Depreciation	1,902,000
NBV	$ 12,168,000
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	4,291,000
Buildings and Improvements	26,787,000
Costs Capitalized Subsequent to Acquisition	782,000
Gross Amount Carried at Close of Period
Land and Improvements	4,351,000
Buildings and Improvements	27,509,000
Total	31,860,000
Accumulated Depreciation	2,596,000
NBV	$ 29,264,000
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	$ 4,021,000
Initial Cost to Company
Land and Improvements	620,000
Buildings and Improvements	5,116,000
Costs Capitalized Subsequent to Acquisition	136,000
Gross Amount Carried at Close of Period
Land and Improvements	815,000
Buildings and Improvements	5,057,000
Total	5,872,000
Accumulated Depreciation	582,000
NBV	$ 5,290,000
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	$ 5,451,000
Initial Cost to Company
Land and Improvements	444,000
Buildings and Improvements	13,715,000
Costs Capitalized Subsequent to Acquisition	157,000
Gross Amount Carried at Close of Period
Land and Improvements	444,000
Buildings and Improvements	13,872,000
Total	14,316,000
Accumulated Depreciation	1,300,000
NBV	$ 13,016,000
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	$ 14,568,000
Initial Cost to Company
Land and Improvements	1,462,000
Buildings and Improvements	34,664,000
Costs Capitalized Subsequent to Acquisition	837,000
Gross Amount Carried at Close of Period
Land and Improvements	1,462,000
Buildings and Improvements	35,501,000
Total	36,963,000
Accumulated Depreciation	3,317,000
NBV	$ 33,646,000
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	969,000
Buildings and Improvements	30,109,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	969,000
Buildings and Improvements	30,109,000
Total	31,078,000
Accumulated Depreciation	2,836,000
NBV	$ 28,242,000
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	1,780,000
Buildings and Improvements	33,608,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,780,000
Buildings and Improvements	33,608,000
Total	35,388,000
Accumulated Depreciation	5,556,000
NBV	$ 29,832,000
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	1,959,000
Buildings and Improvements	35,492,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,959,000
Buildings and Improvements	35,492,000
Total	37,451,000
Accumulated Depreciation	7,218,000
NBV	$ 30,233,000
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	1,269,000
Buildings and Improvements	9,840,000
Costs Capitalized Subsequent to Acquisition	(126,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,269,000
Buildings and Improvements	9,714,000
Total	10,983,000
Accumulated Depreciation	1,599,000
NBV	$ 9,384,000
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	$ 12,378,000
Initial Cost to Company
Land and Improvements	3,201,000
Buildings and Improvements	19,024,000
Costs Capitalized Subsequent to Acquisition	2,321,000
Gross Amount Carried at Close of Period
Land and Improvements	3,527,000
Buildings and Improvements	21,019,000
Total	24,546,000
Accumulated Depreciation	2,263,000
NBV	$ 22,283,000
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	1,855,000
Buildings and Improvements	21,047,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,855,000
Buildings and Improvements	21,047,000
Total	22,902,000
Accumulated Depreciation	1,974,000
NBV	$ 20,928,000
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	$ 11,636,000
Initial Cost to Company
Land and Improvements	1,256,000
Buildings and Improvements	21,686,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,256,000
Buildings and Improvements	21,686,000
Total	22,942,000
Accumulated Depreciation	1,852,000
NBV	$ 21,090,000
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	1,950,000
Buildings and Improvements	14,489,000
Costs Capitalized Subsequent to Acquisition	365,000
Gross Amount Carried at Close of Period
Land and Improvements	1,955,000
Buildings and Improvements	14,849,000
Total	16,804,000
Accumulated Depreciation	3,657,000
NBV	$ 13,147,000
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	248,000
Buildings and Improvements	8,320,000
Costs Capitalized Subsequent to Acquisition	699,000
Gross Amount Carried at Close of Period
Land and Improvements	248,000
Buildings and Improvements	9,019,000
Total	9,267,000
Accumulated Depreciation	3,315,000
NBV	$ 5,952,000
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	130,000
Buildings and Improvements	1,834,000
Costs Capitalized Subsequent to Acquisition	(41,000)
Gross Amount Carried at Close of Period
Land and Improvements	130,000
Buildings and Improvements	1,793,000
Total	1,923,000
Accumulated Depreciation	527,000
NBV	$ 1,396,000
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	140,000
Buildings and Improvements	2,016,000
Costs Capitalized Subsequent to Acquisition	301,000
Gross Amount Carried at Close of Period
Land and Improvements	140,000
Buildings and Improvements	2,317,000
Total	2,457,000
Accumulated Depreciation	651,000
NBV	$ 1,806,000
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	260,000
Buildings and Improvements	2,380,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	260,000
Buildings and Improvements	2,380,000
Total	2,640,000
Accumulated Depreciation	667,000
NBV	$ 1,973,000
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	150,000
Buildings and Improvements	4,356,000
Costs Capitalized Subsequent to Acquisition	427,000
Gross Amount Carried at Close of Period
Land and Improvements	191,000
Buildings and Improvements	4,742,000
Total	4,933,000
Accumulated Depreciation	1,202,000
NBV	$ 3,731,000
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	290,000
Buildings and Improvements	4,390,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	290,000
Buildings and Improvements	4,390,000
Total	4,680,000
Accumulated Depreciation	1,147,000
NBV	$ 3,533,000
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	760,000
Buildings and Improvements	1,693,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	760,000
Buildings and Improvements	1,693,000
Total	2,453,000
Accumulated Depreciation	509,000
NBV	$ 1,944,000
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	210,000
Buildings and Improvements	6,259,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	210,000
Buildings and Improvements	6,259,000
Total	6,469,000
Accumulated Depreciation	1,609,000
NBV	$ 4,860,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Azura Memory Care of Eau Claire, 7042
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,188,000
Buildings and Improvements	6,654,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,188,000
Buildings and Improvements	6,654,000
Total	7,842,000
Accumulated Depreciation	201,000
NBV	$ 7,641,000
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	450,000
Buildings and Improvements	2,372,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	450,000
Buildings and Improvements	2,372,000
Total	2,822,000
Accumulated Depreciation	673,000
NBV	$ 2,149,000
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	1,810,000
Buildings and Improvements	943,000
Costs Capitalized Subsequent to Acquisition	37,000
Gross Amount Carried at Close of Period
Land and Improvements	1,820,000
Buildings and Improvements	970,000
Total	2,790,000
Accumulated Depreciation	397,000
NBV	$ 2,393,000
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	2,390,000
Buildings and Improvements	43,587,000
Costs Capitalized Subsequent to Acquisition	5,130,000
Gross Amount Carried at Close of Period
Land and Improvements	2,510,000
Buildings and Improvements	48,597,000
Total	51,107,000
Accumulated Depreciation	12,828,000
NBV	$ 38,279,000
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	3,490,000
Buildings and Improvements	39,201,000
Costs Capitalized Subsequent to Acquisition	566,000
Gross Amount Carried at Close of Period
Land and Improvements	3,480,000
Buildings and Improvements	39,777,000
Total	43,257,000
Accumulated Depreciation	10,562,000
NBV	$ 32,695,000
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	640,000
Buildings and Improvements	1,663,000
Costs Capitalized Subsequent to Acquisition	43,000
Gross Amount Carried at Close of Period
Land and Improvements	652,000
Buildings and Improvements	1,694,000
Total	2,346,000
Accumulated Depreciation	601,000
NBV	$ 1,745,000
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	340,000
Buildings and Improvements	3,327,000
Costs Capitalized Subsequent to Acquisition	(95,000)
Gross Amount Carried at Close of Period
Land and Improvements	345,000
Buildings and Improvements	3,227,000
Total	3,572,000
Accumulated Depreciation	1,018,000
NBV	$ 2,554,000
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	330,000
Buildings and Improvements	2,384,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	330,000
Buildings and Improvements	2,384,000
Total	2,714,000
Accumulated Depreciation	668,000
NBV	$ 2,046,000
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	710,000
Buildings and Improvements	3,254,000
Costs Capitalized Subsequent to Acquisition	3,765,000
Gross Amount Carried at Close of Period
Land and Improvements	1,165,000
Buildings and Improvements	6,564,000
Total	7,729,000
Accumulated Depreciation	1,656,000
NBV	$ 6,073,000
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	140,000
Buildings and Improvements	1,520,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	140,000
Buildings and Improvements	1,520,000
Total	1,660,000
Accumulated Depreciation	418,000
NBV	$ 1,242,000
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	5,640,000
Buildings and Improvements	49,083,000
Costs Capitalized Subsequent to Acquisition	2,158,000
Gross Amount Carried at Close of Period
Land and Improvements	5,640,000
Buildings and Improvements	51,241,000
Total	56,881,000
Accumulated Depreciation	14,173,000
NBV	$ 42,708,000
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	1,800,000
Buildings and Improvements	935,000
Costs Capitalized Subsequent to Acquisition	119,000
Gross Amount Carried at Close of Period
Land and Improvements	1,800,000
Buildings and Improvements	1,054,000
Total	2,854,000
Accumulated Depreciation	416,000
NBV	$ 2,438,000
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	1,900,000
Buildings and Improvements	21,628,000
Costs Capitalized Subsequent to Acquisition	69,000
Gross Amount Carried at Close of Period
Land and Improvements	1,900,000
Buildings and Improvements	21,697,000
Total	23,597,000
Accumulated Depreciation	5,749,000
NBV	$ 17,848,000
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	490,000
Buildings and Improvements	4,964,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	490,000
Buildings and Improvements	4,964,000
Total	5,454,000
Accumulated Depreciation	1,309,000
NBV	$ 4,145,000
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	710,000
Buildings and Improvements	1,157,000
Costs Capitalized Subsequent to Acquisition	64,000
Gross Amount Carried at Close of Period
Land and Improvements	713,000
Buildings and Improvements	1,218,000
Total	1,931,000
Accumulated Depreciation	439,000
NBV	$ 1,492,000
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	720,000
Buildings and Improvements	2,339,000
Costs Capitalized Subsequent to Acquisition	(50,000)
Gross Amount Carried at Close of Period
Land and Improvements	720,000
Buildings and Improvements	2,289,000
Total	3,009,000
Accumulated Depreciation	743,000
NBV	$ 2,266,000
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	320,000
Buildings and Improvements	1,036,000
Costs Capitalized Subsequent to Acquisition	87,000
Gross Amount Carried at Close of Period
Land and Improvements	320,000
Buildings and Improvements	1,123,000
Total	1,443,000
Accumulated Depreciation	412,000
NBV	$ 1,031,000
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	800,000
Buildings and Improvements	2,167,000
Costs Capitalized Subsequent to Acquisition	(2,000)
Gross Amount Carried at Close of Period
Land and Improvements	812,000
Buildings and Improvements	2,153,000
Total	2,965,000
Accumulated Depreciation	655,000
NBV	$ 2,310,000
Life on Which Depreciation in Income Statement is Computed	35 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	733,000
Buildings and Improvements	6,248,000
Costs Capitalized Subsequent to Acquisition	11,000
Gross Amount Carried at Close of Period
Land and Improvements	733,000
Buildings and Improvements	6,259,000
Total	6,992,000
Accumulated Depreciation	940,000
NBV	$ 6,052,000
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	400,000
Buildings and Improvements	1,596,000
Costs Capitalized Subsequent to Acquisition	4,674,000
Gross Amount Carried at Close of Period
Land and Improvements	709,000
Buildings and Improvements	5,961,000
Total	6,670,000
Accumulated Depreciation	1,176,000
NBV	$ 5,494,000
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	1,100,000
Buildings and Improvements	12,436,000
Costs Capitalized Subsequent to Acquisition	157,000
Gross Amount Carried at Close of Period
Land and Improvements	1,100,000
Buildings and Improvements	12,593,000
Total	13,693,000
Accumulated Depreciation	3,342,000
NBV	$ 10,351,000
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	190,000
Buildings and Improvements	949,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	190,000
Buildings and Improvements	949,000
Total	1,139,000
Accumulated Depreciation	319,000
NBV	$ 820,000
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	1,180,000
Buildings and Improvements	4,124,000
Costs Capitalized Subsequent to Acquisition	206,000
Gross Amount Carried at Close of Period
Land and Improvements	1,197,000
Buildings and Improvements	4,313,000
Total	5,510,000
Accumulated Depreciation	1,354,000
NBV	$ 4,156,000
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	1,060,000
Buildings and Improvements	6,208,000
Costs Capitalized Subsequent to Acquisition	1,400,000
Gross Amount Carried at Close of Period
Land and Improvements	1,060,000
Buildings and Improvements	7,608,000
Total	8,668,000
Accumulated Depreciation	1,648,000
NBV	$ 7,020,000
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	1,370,000
Buildings and Improvements	1,428,000
Costs Capitalized Subsequent to Acquisition	(113,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,389,000
Buildings and Improvements	1,296,000
Total	2,685,000
Accumulated Depreciation	457,000
NBV	$ 2,228,000
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	1,370,000
Buildings and Improvements	1,666,000
Costs Capitalized Subsequent to Acquisition	15,000
Gross Amount Carried at Close of Period
Land and Improvements	1,377,000
Buildings and Improvements	1,674,000
Total	3,051,000
Accumulated Depreciation	550,000
NBV	$ 2,501,000
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	2,320,000
Buildings and Improvements	17,232,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,320,000
Buildings and Improvements	17,232,000
Total	19,552,000
Accumulated Depreciation	4,649,000
NBV	$ 14,903,000
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	450,000
Buildings and Improvements	3,191,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	450,000
Buildings and Improvements	3,191,000
Total	3,641,000
Accumulated Depreciation	896,000
NBV	$ 2,745,000
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	2,040,000
Buildings and Improvements	40,298,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,040,000
Buildings and Improvements	40,298,000
Total	42,338,000
Accumulated Depreciation	10,726,000
NBV	$ 31,612,000
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	350,000
Buildings and Improvements	3,413,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	350,000
Buildings and Improvements	3,413,000
Total	3,763,000
Accumulated Depreciation	909,000
NBV	$ 2,854,000
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	1,160,000
Buildings and Improvements	23,714,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,160,000
Buildings and Improvements	23,714,000
Total	24,874,000
Accumulated Depreciation	6,240,000
NBV	$ 18,634,000
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	140,000
Buildings and Improvements	376,000
Costs Capitalized Subsequent to Acquisition	12,000
Gross Amount Carried at Close of Period
Land and Improvements	140,000
Buildings and Improvements	388,000
Total	528,000
Accumulated Depreciation	182,000
NBV	$ 346,000
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	355,000
Buildings and Improvements	3,197,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	355,000
Buildings and Improvements	3,197,000
Total	3,552,000
Accumulated Depreciation	814,000
NBV	$ 2,738,000
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	1,800,000
Buildings and Improvements	20,354,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,800,000
Buildings and Improvements	20,354,000
Total	22,154,000
Accumulated Depreciation	4,156,000
NBV	$ 17,998,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| 7675, Ashridge Court
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,274,000
Buildings and Improvements	4,791,000
Costs Capitalized Subsequent to Acquisition	(705,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,047,000
Buildings and Improvements	4,313,000
Total	6,360,000
Accumulated Depreciation	837,000
NBV	$ 5,523,000
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	1,908,000
Buildings and Improvements	3,021,000
Costs Capitalized Subsequent to Acquisition	(491,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,718,000
Buildings and Improvements	2,720,000
Total	4,438,000
Accumulated Depreciation	608,000
NBV	$ 3,830,000
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	1,964,000
Buildings and Improvements	2,462,000
Costs Capitalized Subsequent to Acquisition	(441,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,768,000
Buildings and Improvements	2,217,000
Total	3,985,000
Accumulated Depreciation	526,000
NBV	$ 3,459,000
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	4,695,000
Buildings and Improvements	6,983,000
Costs Capitalized Subsequent to Acquisition	(1,164,000)
Gross Amount Carried at Close of Period
Land and Improvements	4,227,000
Buildings and Improvements	6,287,000
Total	10,514,000
Accumulated Depreciation	1,119,000
NBV	$ 9,395,000
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	2,649,000
Buildings and Improvements	4,925,000
Costs Capitalized Subsequent to Acquisition	(755,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,385,000
Buildings and Improvements	4,434,000
Total	6,819,000
Accumulated Depreciation	813,000
NBV	$ 6,006,000
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	4,330,000
Buildings and Improvements	7,519,000
Costs Capitalized Subsequent to Acquisition	(1,180,000)
Gross Amount Carried at Close of Period
Land and Improvements	3,899,000
Buildings and Improvements	6,770,000
Total	10,669,000
Accumulated Depreciation	1,228,000
NBV	$ 9,441,000
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party \| Seniors Housing Communities \| 7681, Maples Care Home
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	5,042,000
Buildings and Improvements	7,525,000
Costs Capitalized Subsequent to Acquisition	(1,252,000)
Gross Amount Carried at Close of Period
Land and Improvements	4,540,000
Buildings and Improvements	6,775,000
Total	11,315,000
Accumulated Depreciation	1,217,000
NBV	$ 10,098,000
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party \| Seniors Housing Communities \| 7676, Barty House Nursing Home
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,769,000
Buildings and Improvements	3,089,000
Costs Capitalized Subsequent to Acquisition	(683,000)
Gross Amount Carried at Close of Period
Land and Improvements	3,393,000
Buildings and Improvements	2,782,000
Total	6,175,000
Accumulated Depreciation	674,000
NBV	$ 5,501,000
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party \| Seniors Housing Communities \| 7679, Tunbridge Wells Care Center
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,323,000
Buildings and Improvements	5,869,000
Costs Capitalized Subsequent to Acquisition	(1,016,000)
Gross Amount Carried at Close of Period
Land and Improvements	3,892,000
Buildings and Improvements	5,284,000
Total	9,176,000
Accumulated Depreciation	982,000
NBV	$ 8,194,000
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	5,398,000
Buildings and Improvements	7,967,000
Costs Capitalized Subsequent to Acquisition	(1,332,000)
Gross Amount Carried at Close of Period
Land and Improvements	4,860,000
Buildings and Improvements	7,173,000
Total	12,033,000
Accumulated Depreciation	1,315,000
NBV	$ 10,718,000
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party \| Seniors Housing Communities \| Hampton Care, 7685
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,119,000
Buildings and Improvements	29,021,000
Costs Capitalized Subsequent to Acquisition	(2,154,000)
Gross Amount Carried at Close of Period
Land and Improvements	3,852,000
Buildings and Improvements	27,134,000
Total	30,986,000
Accumulated Depreciation	2,107,000
NBV	$ 28,879,000
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	1,974,000
Buildings and Improvements	1,009,000
Costs Capitalized Subsequent to Acquisition	(194,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,846,000
Buildings and Improvements	943,000
Total	2,789,000
Accumulated Depreciation	93,000
NBV	$ 2,696,000
Life on Which Depreciation in Income Statement is Computed	40 years
Other Third Party \| Seniors Housing Communities \| Boréa, 4121 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 36,125,000
Initial Cost to Company
Land and Improvements	2,678,000
Buildings and Improvements	56,643,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,678,000
Buildings and Improvements	56,643,000
Total	59,321,000
Accumulated Depreciation	448,000
NBV	$ 58,873,000
Life on Which Depreciation in Income Statement is Computed	57 years
Other Third Party \| Seniors Housing Communities \| Caléo, 4127 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 38,090,000
Initial Cost to Company
Land and Improvements	6,009,000
Buildings and Improvements	71,056,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	6,009,000
Buildings and Improvements	71,056,000
Total	77,065,000
Accumulated Depreciation	527,000
NBV	$ 76,538,000
Life on Which Depreciation in Income Statement is Computed	59 years
Other Third Party \| Seniors Housing Communities \| L'Avantage, 4113 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 20,606,000
Initial Cost to Company
Land and Improvements	8,771,000
Buildings and Improvements	44,920,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	8,771,000
Buildings and Improvements	44,920,000
Total	53,691,000
Accumulated Depreciation	394,000
NBV	$ 53,297,000
Life on Which Depreciation in Income Statement is Computed	52 years
Other Third Party \| Seniors Housing Communities \| Sevä, 4126 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 47,744,000
Initial Cost to Company
Land and Improvements	4,030,000
Buildings and Improvements	64,251,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,030,000
Buildings and Improvements	64,251,000
Total	68,281,000
Accumulated Depreciation	475,000
NBV	$ 67,806,000
Life on Which Depreciation in Income Statement is Computed	59 years
Other Third Party \| Seniors Housing Communities \| L'Initial, 4128 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 36,953,000
Initial Cost to Company
Land and Improvements	6,720,000
Buildings and Improvements	62,928,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	6,720,000
Buildings and Improvements	62,928,000
Total	69,648,000
Accumulated Depreciation	478,000
NBV	$ 69,170,000
Life on Which Depreciation in Income Statement is Computed	60 years
Other Third Party \| Seniors Housing Communities \| La Croisée de l'Est, 4111 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,856,000
Initial Cost to Company
Land and Improvements	1,136,000
Buildings and Improvements	40,998,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,136,000
Buildings and Improvements	40,998,000
Total	42,134,000
Accumulated Depreciation	374,000
NBV	$ 41,760,000
Life on Which Depreciation in Income Statement is Computed	50 years
Other Third Party \| Seniors Housing Communities \| Ambiance, 4104 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 21,657,000
Initial Cost to Company
Land and Improvements	5,007,000
Buildings and Improvements	51,624,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,007,000
Buildings and Improvements	51,624,000
Total	56,631,000
Accumulated Depreciation	470,000
NBV	$ 56,161,000
Life on Which Depreciation in Income Statement is Computed	46 years
Other Third Party \| Seniors Housing Communities \| Le Savignon, 4117 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 26,429,000
Initial Cost to Company
Land and Improvements	5,271,000
Buildings and Improvements	46,919,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,271,000
Buildings and Improvements	46,919,000
Total	52,190,000
Accumulated Depreciation	390,000
NBV	$ 51,800,000
Life on Which Depreciation in Income Statement is Computed	54 years
Other Third Party \| Seniors Housing Communities \| Le Cavalier, 4103 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 15,744,000
Initial Cost to Company
Land and Improvements	5,892,000
Buildings and Improvements	38,926,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,892,000
Buildings and Improvements	38,926,000
Total	44,818,000
Accumulated Depreciation	393,000
NBV	$ 44,425,000
Life on Which Depreciation in Income Statement is Computed	45 years
Other Third Party \| Seniors Housing Communities \| Quartier Sud, 4119 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 30,213,000
Initial Cost to Company
Land and Improvements	1,933,000
Buildings and Improvements	47,731,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,933,000
Buildings and Improvements	47,731,000
Total	49,664,000
Accumulated Depreciation	374,000
NBV	$ 49,290,000
Life on Which Depreciation in Income Statement is Computed	56 years
Other Third Party \| Seniors Housing Communities \| Margo, 4130 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 36,653,000
Initial Cost to Company
Land and Improvements	2,034,000
Buildings and Improvements	63,523,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,034,000
Buildings and Improvements	63,523,000
Total	65,557,000
Accumulated Depreciation	472,000
NBV	$ 65,085,000
Life on Which Depreciation in Income Statement is Computed	60 years
Other Third Party \| Seniors Housing Communities \| Les Promenades du Parc, 4105 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 22,562,000
Initial Cost to Company
Land and Improvements	5,832,000
Buildings and Improvements	47,101,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,832,000
Buildings and Improvements	47,101,000
Total	52,933,000
Accumulated Depreciation	461,000
NBV	$ 52,472,000
Life on Which Depreciation in Income Statement is Computed	47 years
Other Third Party \| Seniors Housing Communities \| Elogia, 4108 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 27,124,000
Initial Cost to Company
Land and Improvements	2,808,000
Buildings and Improvements	55,175,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,808,000
Buildings and Improvements	55,175,000
Total	57,983,000
Accumulated Depreciation	456,000
NBV	$ 57,527,000
Life on Which Depreciation in Income Statement is Computed	48 years
Other Third Party \| Seniors Housing Communities \| Les Jardins Millen, 4114 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 28,728,000
Initial Cost to Company
Land and Improvements	4,325,000
Buildings and Improvements	82,121,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,325,000
Buildings and Improvements	82,121,000
Total	86,446,000
Accumulated Depreciation	634,000
NBV	$ 85,812,000
Life on Which Depreciation in Income Statement is Computed	53 years
Other Third Party \| Seniors Housing Communities \| Le 22, 4120 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 39,428,000
Initial Cost to Company
Land and Improvements	6,728,000
Buildings and Improvements	70,601,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	6,728,000
Buildings and Improvements	70,601,000
Total	77,329,000
Accumulated Depreciation	540,000
NBV	$ 76,789,000
Life on Which Depreciation in Income Statement is Computed	57 years
Other Third Party \| Seniors Housing Communities \| Station Est, 4125 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 44,471,000
Initial Cost to Company
Land and Improvements	4,660,000
Buildings and Improvements	59,110,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,660,000
Buildings and Improvements	59,110,000
Total	63,770,000
Accumulated Depreciation	469,000
NBV	$ 63,301,000
Life on Which Depreciation in Income Statement is Computed	58 years
Other Third Party \| Seniors Housing Communities \| Ora, 4129 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 50,995,000
Initial Cost to Company
Land and Improvements	10,282,000
Buildings and Improvements	82,095,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	10,282,000
Buildings and Improvements	82,095,000
Total	92,377,000
Accumulated Depreciation	575,000
NBV	$ 91,802,000
Life on Which Depreciation in Income Statement is Computed	60 years
Other Third Party \| Seniors Housing Communities \| Elogia II, 4133 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 13,279,000
Initial Cost to Company
Land and Improvements	2,519,000
Buildings and Improvements	25,244,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,519,000
Buildings and Improvements	25,244,000
Total	27,763,000
Accumulated Depreciation	0
NBV	27,763,000
Other Third Party \| Seniors Housing Communities \| Le Quartier Mont-St-Hilaire, 4110 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	14,649,000
Initial Cost to Company
Land and Improvements	1,020,000
Buildings and Improvements	32,554,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,020,000
Buildings and Improvements	32,554,000
Total	33,574,000
Accumulated Depreciation	311,000
NBV	$ 33,263,000
Life on Which Depreciation in Income Statement is Computed	49 years
Other Third Party \| Seniors Housing Communities \| L'Image d'Outremont, 4109 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 16,424,000
Initial Cost to Company
Land and Improvements	4,565,000
Buildings and Improvements	32,030,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,565,000
Buildings and Improvements	32,030,000
Total	36,595,000
Accumulated Depreciation	280,000
NBV	$ 36,315,000
Life on Which Depreciation in Income Statement is Computed	49 years
Other Third Party \| Seniors Housing Communities \| Le Gibraltar, 4116 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 21,145,000
Initial Cost to Company
Land and Improvements	1,191,000
Buildings and Improvements	42,766,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,191,000
Buildings and Improvements	42,766,000
Total	43,957,000
Accumulated Depreciation	350,000
NBV	$ 43,607,000
Life on Which Depreciation in Income Statement is Computed	54 years
Other Third Party \| Seniors Housing Communities \| Ekla, 4124 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 53,306,000
Initial Cost to Company
Land and Improvements	2,256,000
Buildings and Improvements	87,772,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	2,256,000
Buildings and Improvements	87,772,000
Total	90,028,000
Accumulated Depreciation	653,000
NBV	$ 89,375,000
Life on Which Depreciation in Income Statement is Computed	57 years
Other Third Party \| Seniors Housing Communities \| Le Notre-Dame, 4101 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 14,512,000
Initial Cost to Company
Land and Improvements	3,290,000
Buildings and Improvements	41,474,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,290,000
Buildings and Improvements	41,474,000
Total	44,764,000
Accumulated Depreciation	435,000
NBV	$ 44,329,000
Life on Which Depreciation in Income Statement is Computed	43 years
Other Third Party \| Seniors Housing Communities \| Vent de l'Ouest, 4107 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 13,023,000
Initial Cost to Company
Land and Improvements	4,713,000
Buildings and Improvements	32,526,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,713,000
Buildings and Improvements	32,526,000
Total	37,239,000
Accumulated Depreciation	334,000
NBV	$ 36,905,000
Life on Which Depreciation in Income Statement is Computed	48 years
Other Third Party \| Seniors Housing Communities \| Les Verrières du Golf, 4102 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 11,556,000
Initial Cost to Company
Land and Improvements	5,183,000
Buildings and Improvements	44,363,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	5,183,000
Buildings and Improvements	44,363,000
Total	49,546,000
Accumulated Depreciation	429,000
NBV	$ 49,117,000
Life on Which Depreciation in Income Statement is Computed	44 years
Other Third Party \| Seniors Housing Communities \| Les Jardins du Campanile, 4106 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 12,196,000
Initial Cost to Company
Land and Improvements	578,000
Buildings and Improvements	16,580,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	578,000
Buildings and Improvements	16,580,000
Total	17,158,000
Accumulated Depreciation	202,000
NBV	$ 16,956,000
Life on Which Depreciation in Income Statement is Computed	48 years
Other Third Party \| Seniors Housing Communities \| VÜ, 4118 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 35,893,000
Initial Cost to Company
Land and Improvements	706,000
Buildings and Improvements	58,073,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	706,000
Buildings and Improvements	58,073,000
Total	58,779,000
Accumulated Depreciation	450,000
NBV	$ 58,329,000
Life on Which Depreciation in Income Statement is Computed	56 years
Other Third Party \| Seniors Housing Communities \| La Cité des Tours, 4115 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 22,328,000
Initial Cost to Company
Land and Improvements	1,744,000
Buildings and Improvements	44,357,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,744,000
Buildings and Improvements	44,357,000
Total	46,101,000
Accumulated Depreciation	395,000
NBV	$ 45,706,000
Life on Which Depreciation in Income Statement is Computed	53 years
Other Third Party \| Seniors Housing Communities \| IVVI, 4131 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 20,904,000
Initial Cost to Company
Land and Improvements	4,730,000
Buildings and Improvements	41,459,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	4,730,000
Buildings and Improvements	41,459,000
Total	46,189,000
Accumulated Depreciation	0
NBV	46,189,000
Other Third Party \| Seniors Housing Communities \| VAST, 4132 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	12,121,000
Initial Cost to Company
Land and Improvements	3,847,000
Buildings and Improvements	30,401,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,847,000
Buildings and Improvements	30,401,000
Total	34,248,000
Accumulated Depreciation	0
NBV	34,248,000
Other Third Party \| Seniors Housing Communities \| Cornelius, 4134 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	7,480,000
Buildings and Improvements	13,066,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,480,000
Buildings and Improvements	13,066,000
Total	20,546,000
Accumulated Depreciation	0
NBV	20,546,000
Other Third Party \| Seniors Housing Communities \| Liz, 4135 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	10,665,000
Initial Cost to Company
Land and Improvements	11,534,000
Buildings and Improvements	17,335,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	11,534,000
Buildings and Improvements	17,335,000
Total	28,869,000
Accumulated Depreciation	0
NBV	28,869,000
Other Third Party \| Seniors Housing Communities \| Floréa, 4122 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	42,207,000
Initial Cost to Company
Land and Improvements	3,275,000
Buildings and Improvements	63,246,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	3,275,000
Buildings and Improvements	63,246,000
Total	66,521,000
Accumulated Depreciation	503,000
NBV	$ 66,018,000
Life on Which Depreciation in Income Statement is Computed	57 years
Other Third Party \| Seniors Housing Communities \| Le Félix Vaudreuil-Dorion, 4112 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 16,201,000
Initial Cost to Company
Land and Improvements	7,531,000
Buildings and Improvements	34,624,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	7,531,000
Buildings and Improvements	34,624,000
Total	42,155,000
Accumulated Depreciation	332,000
NBV	$ 41,823,000
Life on Which Depreciation in Income Statement is Computed	51 years
Other Third Party \| Seniors Housing Communities \| Skyline Place Senior Living, 7023 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,815,000
Buildings and Improvements	28,472,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,815,000
Buildings and Improvements	28,472,000
Total	30,287,000
Accumulated Depreciation	4,788,000
NBV	$ 25,499,000
Life on Which Depreciation in Income Statement is Computed	35 years
Other Third Party \| Seniors Housing Communities \| Elmcroft of Rivershire, 3893 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	860,000
Buildings and Improvements	32,671,000
Costs Capitalized Subsequent to Acquisition	1,163,000
Gross Amount Carried at Close of Period
Land and Improvements	860,000
Buildings and Improvements	33,834,000
Total	34,694,000
Accumulated Depreciation	9,074,000
NBV	$ 25,620,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	245,515,000
Buildings and Improvements	2,532,176,000
Costs Capitalized Subsequent to Acquisition	150,643,000
Gross Amount Carried at Close of Period
Land and Improvements	249,229,000
Buildings and Improvements	2,679,105,000
Total	2,928,334,000
Accumulated Depreciation	987,778,000
NBV	1,940,556,000
Sunrise \| Seniors Housing Communities \| 4081, Sunrise of Chandler
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	4,344,000
Buildings and Improvements	14,455,000
Costs Capitalized Subsequent to Acquisition	1,293,000
Gross Amount Carried at Close of Period
Land and Improvements	4,459,000
Buildings and Improvements	15,633,000
Total	20,092,000
Accumulated Depreciation	4,200,000
NBV	$ 15,892,000
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	2,229,000
Buildings and Improvements	27,575,000
Costs Capitalized Subsequent to Acquisition	1,046,000
Gross Amount Carried at Close of Period
Land and Improvements	2,255,000
Buildings and Improvements	28,595,000
Total	30,850,000
Accumulated Depreciation	10,733,000
NBV	$ 20,117,000
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	2,971,000
Buildings and Improvements	12,399,000
Costs Capitalized Subsequent to Acquisition	806,000
Gross Amount Carried at Close of Period
Land and Improvements	3,000,000
Buildings and Improvements	13,176,000
Total	16,176,000
Accumulated Depreciation	3,327,000
NBV	$ 12,849,000
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	4,890,000
Buildings and Improvements	20,590,000
Costs Capitalized Subsequent to Acquisition	1,970,000
Gross Amount Carried at Close of Period
Land and Improvements	5,030,000
Buildings and Improvements	22,420,000
Total	27,450,000
Accumulated Depreciation	8,896,000
NBV	$ 18,554,000
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	1,269,000
Buildings and Improvements	14,598,000
Costs Capitalized Subsequent to Acquisition	1,065,000
Gross Amount Carried at Close of Period
Land and Improvements	1,291,000
Buildings and Improvements	15,641,000
Total	16,932,000
Accumulated Depreciation	3,971,000
NBV	$ 12,961,000
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	1,456,000
Buildings and Improvements	23,679,000
Costs Capitalized Subsequent to Acquisition	2,730,000
Gross Amount Carried at Close of Period
Land and Improvements	2,515,000
Buildings and Improvements	25,350,000
Total	27,865,000
Accumulated Depreciation	9,708,000
NBV	$ 18,157,000
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	3,802,000
Buildings and Improvements	24,560,000
Costs Capitalized Subsequent to Acquisition	2,158,000
Gross Amount Carried at Close of Period
Land and Improvements	3,889,000
Buildings and Improvements	26,631,000
Total	30,520,000
Accumulated Depreciation	10,243,000
NBV	$ 20,277,000
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	5,486,000
Buildings and Improvements	19,658,000
Costs Capitalized Subsequent to Acquisition	2,479,000
Gross Amount Carried at Close of Period
Land and Improvements	5,745,000
Buildings and Improvements	21,878,000
Total	27,623,000
Accumulated Depreciation	8,608,000
NBV	$ 19,015,000
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	1,378,000
Buildings and Improvements	23,565,000
Costs Capitalized Subsequent to Acquisition	1,817,000
Gross Amount Carried at Close of Period
Land and Improvements	1,525,000
Buildings and Improvements	25,235,000
Total	26,760,000
Accumulated Depreciation	9,543,000
NBV	$ 17,217,000
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	2,682,000
Buildings and Improvements	35,335,000
Costs Capitalized Subsequent to Acquisition	3,325,000
Gross Amount Carried at Close of Period
Land and Improvements	2,742,000
Buildings and Improvements	38,600,000
Total	41,342,000
Accumulated Depreciation	14,225,000
NBV	$ 27,117,000
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	2,933,000
Buildings and Improvements	34,361,000
Costs Capitalized Subsequent to Acquisition	2,224,000
Gross Amount Carried at Close of Period
Land and Improvements	2,969,000
Buildings and Improvements	36,549,000
Total	39,518,000
Accumulated Depreciation	13,567,000
NBV	$ 25,951,000
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	3,868,000
Buildings and Improvements	29,293,000
Costs Capitalized Subsequent to Acquisition	5,046,000
Gross Amount Carried at Close of Period
Land and Improvements	4,084,000
Buildings and Improvements	34,123,000
Total	38,207,000
Accumulated Depreciation	14,006,000
NBV	$ 24,201,000
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	4,935,000
Buildings and Improvements	30,722,000
Costs Capitalized Subsequent to Acquisition	2,142,000
Gross Amount Carried at Close of Period
Land and Improvements	5,031,000
Buildings and Improvements	32,768,000
Total	37,799,000
Accumulated Depreciation	12,266,000
NBV	$ 25,533,000
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	1,689,000
Buildings and Improvements	25,240,000
Costs Capitalized Subsequent to Acquisition	2,591,000
Gross Amount Carried at Close of Period
Land and Improvements	1,780,000
Buildings and Improvements	27,740,000
Total	29,520,000
Accumulated Depreciation	10,522,000
NBV	$ 18,998,000
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	1,621,000
Buildings and Improvements	28,370,000
Costs Capitalized Subsequent to Acquisition	3,585,000
Gross Amount Carried at Close of Period
Land and Improvements	1,721,000
Buildings and Improvements	31,855,000
Total	33,576,000
Accumulated Depreciation	11,626,000
NBV	$ 21,950,000
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	1,417,000
Buildings and Improvements	30,885,000
Costs Capitalized Subsequent to Acquisition	2,123,000
Gross Amount Carried at Close of Period
Land and Improvements	1,653,000
Buildings and Improvements	32,772,000
Total	34,425,000
Accumulated Depreciation	12,833,000
NBV	$ 21,592,000
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	1,813,000
Buildings and Improvements	22,183,000
Costs Capitalized Subsequent to Acquisition	3,296,000
Gross Amount Carried at Close of Period
Land and Improvements	1,853,000
Buildings and Improvements	25,439,000
Total	27,292,000
Accumulated Depreciation	9,441,000
NBV	$ 17,851,000
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	2,649,000
Buildings and Improvements	16,243,000
Costs Capitalized Subsequent to Acquisition	2,280,000
Gross Amount Carried at Close of Period
Land and Improvements	2,847,000
Buildings and Improvements	18,325,000
Total	21,172,000
Accumulated Depreciation	7,266,000
NBV	$ 13,906,000
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	4,612,000
Buildings and Improvements	28,533,000
Costs Capitalized Subsequent to Acquisition	3,330,000
Gross Amount Carried at Close of Period
Land and Improvements	5,029,000
Buildings and Improvements	31,446,000
Total	36,475,000
Accumulated Depreciation	12,098,000
NBV	$ 24,377,000
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	2,390,000
Buildings and Improvements	17,671,000
Costs Capitalized Subsequent to Acquisition	1,306,000
Gross Amount Carried at Close of Period
Land and Improvements	2,420,000
Buildings and Improvements	18,947,000
Total	21,367,000
Accumulated Depreciation	4,630,000
NBV	$ 16,737,000
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	1,507,000
Buildings and Improvements	18,516,000
Costs Capitalized Subsequent to Acquisition	1,498,000
Gross Amount Carried at Close of Period
Land and Improvements	1,517,000
Buildings and Improvements	20,004,000
Total	21,521,000
Accumulated Depreciation	7,873,000
NBV	$ 13,648,000
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	4,232,000
Buildings and Improvements	66,161,000
Costs Capitalized Subsequent to Acquisition	19,554,000
Gross Amount Carried at Close of Period
Land and Improvements	4,201,000
Buildings and Improvements	85,746,000
Total	89,947,000
Accumulated Depreciation	36,411,000
NBV	$ 53,536,000
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	2,154,000
Buildings and Improvements	17,137,000
Costs Capitalized Subsequent to Acquisition	3,279,000
Gross Amount Carried at Close of Period
Land and Improvements	2,160,000
Buildings and Improvements	20,410,000
Total	22,570,000
Accumulated Depreciation	7,772,000
NBV	$ 14,798,000
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	1,797,000
Buildings and Improvements	23,420,000
Costs Capitalized Subsequent to Acquisition	1,441,000
Gross Amount Carried at Close of Period
Land and Improvements	1,806,000
Buildings and Improvements	24,852,000
Total	26,658,000
Accumulated Depreciation	9,729,000
NBV	$ 16,929,000
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	859,000
Buildings and Improvements	15,085,000
Costs Capitalized Subsequent to Acquisition	846,000
Gross Amount Carried at Close of Period
Land and Improvements	892,000
Buildings and Improvements	15,898,000
Total	16,790,000
Accumulated Depreciation	4,117,000
NBV	$ 12,673,000
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	1,287,000
Buildings and Improvements	38,625,000
Costs Capitalized Subsequent to Acquisition	2,261,000
Gross Amount Carried at Close of Period
Land and Improvements	1,382,000
Buildings and Improvements	40,791,000
Total	42,173,000
Accumulated Depreciation	15,561,000
NBV	$ 26,612,000
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	2,154,000
Buildings and Improvements	28,021,000
Costs Capitalized Subsequent to Acquisition	1,760,000
Gross Amount Carried at Close of Period
Land and Improvements	2,339,000
Buildings and Improvements	29,596,000
Total	31,935,000
Accumulated Depreciation	11,418,000
NBV	$ 20,517,000
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	3,485,000
Buildings and Improvements	26,687,000
Costs Capitalized Subsequent to Acquisition	4,312,000
Gross Amount Carried at Close of Period
Land and Improvements	3,504,000
Buildings and Improvements	30,980,000
Total	34,484,000
Accumulated Depreciation	10,887,000
NBV	$ 23,597,000
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	1,946,000
Buildings and Improvements	28,538,000
Costs Capitalized Subsequent to Acquisition	2,605,000
Gross Amount Carried at Close of Period
Land and Improvements	2,624,000
Buildings and Improvements	30,465,000
Total	33,089,000
Accumulated Depreciation	12,100,000
NBV	$ 20,989,000
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	2,363,000
Buildings and Improvements	42,205,000
Costs Capitalized Subsequent to Acquisition	1,357,000
Gross Amount Carried at Close of Period
Land and Improvements	2,416,000
Buildings and Improvements	43,509,000
Total	45,925,000
Accumulated Depreciation	16,551,000
NBV	$ 29,374,000
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	5,533,000
Buildings and Improvements	39,557,000
Costs Capitalized Subsequent to Acquisition	3,176,000
Gross Amount Carried at Close of Period
Land and Improvements	5,707,000
Buildings and Improvements	42,559,000
Total	48,266,000
Accumulated Depreciation	16,285,000
NBV	$ 31,981,000
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	1,454,000
Buildings and Improvements	60,738,000
Costs Capitalized Subsequent to Acquisition	3,781,000
Gross Amount Carried at Close of Period
Land and Improvements	2,080,000
Buildings and Improvements	63,893,000
Total	65,973,000
Accumulated Depreciation	22,545,000
NBV	$ 43,428,000
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	8,550,000
Buildings and Improvements	31,746,000
Costs Capitalized Subsequent to Acquisition	1,391,000
Gross Amount Carried at Close of Period
Land and Improvements	8,581,000
Buildings and Improvements	33,106,000
Total	41,687,000
Accumulated Depreciation	8,389,000
NBV	$ 33,298,000
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	651,000
Buildings and Improvements	16,401,000
Costs Capitalized Subsequent to Acquisition	1,340,000
Gross Amount Carried at Close of Period
Land and Improvements	878,000
Buildings and Improvements	17,514,000
Total	18,392,000
Accumulated Depreciation	4,365,000
NBV	$ 14,027,000
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	650,000
Buildings and Improvements	11,015,000
Costs Capitalized Subsequent to Acquisition	848,000
Gross Amount Carried at Close of Period
Land and Improvements	807,000
Buildings and Improvements	11,706,000
Total	12,513,000
Accumulated Depreciation	3,187,000
NBV	$ 9,326,000
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	1,212,000
Buildings and Improvements	23,547,000
Costs Capitalized Subsequent to Acquisition	2,045,000
Gross Amount Carried at Close of Period
Land and Improvements	1,382,000
Buildings and Improvements	25,422,000
Total	26,804,000
Accumulated Depreciation	9,698,000
NBV	$ 17,106,000
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	1,780,000
Buildings and Improvements	23,083,000
Costs Capitalized Subsequent to Acquisition	3,863,000
Gross Amount Carried at Close of Period
Land and Improvements	1,918,000
Buildings and Improvements	26,808,000
Total	28,726,000
Accumulated Depreciation	10,393,000
NBV	$ 18,333,000
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	1,039,000
Buildings and Improvements	39,216,000
Costs Capitalized Subsequent to Acquisition	2,917,000
Gross Amount Carried at Close of Period
Land and Improvements	1,075,000
Buildings and Improvements	42,097,000
Total	43,172,000
Accumulated Depreciation	15,758,000
NBV	$ 27,414,000
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	86,000
Buildings and Improvements	34,393,000
Costs Capitalized Subsequent to Acquisition	1,553,000
Gross Amount Carried at Close of Period
Land and Improvements	107,000
Buildings and Improvements	35,925,000
Total	36,032,000
Accumulated Depreciation	13,668,000
NBV	$ 22,364,000
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	2,230,000
Buildings and Improvements	30,968,000
Costs Capitalized Subsequent to Acquisition	2,326,000
Gross Amount Carried at Close of Period
Land and Improvements	2,356,000
Buildings and Improvements	33,168,000
Total	35,524,000
Accumulated Depreciation	12,608,000
NBV	$ 22,916,000
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	3,736,000
Buildings and Improvements	27,657,000
Costs Capitalized Subsequent to Acquisition	2,370,000
Gross Amount Carried at Close of Period
Land and Improvements	3,929,000
Buildings and Improvements	29,834,000
Total	33,763,000
Accumulated Depreciation	11,247,000
NBV	$ 22,516,000
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	1,273,000
Buildings and Improvements	21,782,000
Costs Capitalized Subsequent to Acquisition	873,000
Gross Amount Carried at Close of Period
Land and Improvements	1,370,000
Buildings and Improvements	22,558,000
Total	23,928,000
Accumulated Depreciation	5,657,000
NBV	$ 18,271,000
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	1,445,000
Buildings and Improvements	26,090,000
Costs Capitalized Subsequent to Acquisition	1,903,000
Gross Amount Carried at Close of Period
Land and Improvements	1,525,000
Buildings and Improvements	27,913,000
Total	29,438,000
Accumulated Depreciation	10,680,000
NBV	$ 18,758,000
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	2,774,000
Buildings and Improvements	38,666,000
Costs Capitalized Subsequent to Acquisition	1,898,000
Gross Amount Carried at Close of Period
Land and Improvements	2,854,000
Buildings and Improvements	40,484,000
Total	43,338,000
Accumulated Depreciation	15,372,000
NBV	$ 27,966,000
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	1,758,000
Buildings and Improvements	23,727,000
Costs Capitalized Subsequent to Acquisition	2,325,000
Gross Amount Carried at Close of Period
Land and Improvements	1,860,000
Buildings and Improvements	25,950,000
Total	27,810,000
Accumulated Depreciation	9,504,000
NBV	$ 18,306,000
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	3,181,000
Buildings and Improvements	24,224,000
Costs Capitalized Subsequent to Acquisition	3,752,000
Gross Amount Carried at Close of Period
Land and Improvements	3,305,000
Buildings and Improvements	27,852,000
Total	31,157,000
Accumulated Depreciation	10,600,000
NBV	$ 20,557,000
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	2,784,000
Buildings and Improvements	26,173,000
Costs Capitalized Subsequent to Acquisition	2,513,000
Gross Amount Carried at Close of Period
Land and Improvements	3,030,000
Buildings and Improvements	28,440,000
Total	31,470,000
Accumulated Depreciation	11,253,000
NBV	$ 20,217,000
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	4,009,000
Buildings and Improvements	15,029,000
Costs Capitalized Subsequent to Acquisition	965,000
Gross Amount Carried at Close of Period
Land and Improvements	4,013,000
Buildings and Improvements	15,990,000
Total	20,003,000
Accumulated Depreciation	4,242,000
NBV	$ 15,761,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,492,000
Buildings and Improvements	32,052,000
Costs Capitalized Subsequent to Acquisition	2,852,000
Gross Amount Carried at Close of Period
Land and Improvements	1,601,000
Buildings and Improvements	34,795,000
Total	36,396,000
Accumulated Depreciation	13,226,000
NBV	$ 23,170,000
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	$ 0
Initial Cost to Company
Land and Improvements	2,985,000
Buildings and Improvements	36,795,000
Costs Capitalized Subsequent to Acquisition	3,284,000
Gross Amount Carried at Close of Period
Land and Improvements	3,177,000
Buildings and Improvements	39,887,000
Total	43,064,000
Accumulated Depreciation	14,833,000
NBV	$ 28,231,000
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	1,053,000
Buildings and Improvements	19,101,000
Costs Capitalized Subsequent to Acquisition	2,232,000
Gross Amount Carried at Close of Period
Land and Improvements	1,088,000
Buildings and Improvements	21,298,000
Total	22,386,000
Accumulated Depreciation	8,195,000
NBV	$ 14,191,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,288,000
Buildings and Improvements	24,990,000
Costs Capitalized Subsequent to Acquisition	3,399,000
Gross Amount Carried at Close of Period
Land and Improvements	1,373,000
Buildings and Improvements	28,304,000
Total	29,677,000
Accumulated Depreciation	10,783,000
NBV	$ 18,894,000
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	$ 0
Initial Cost to Company
Land and Improvements	5,057,000
Buildings and Improvements	23,803,000
Costs Capitalized Subsequent to Acquisition	3,108,000
Gross Amount Carried at Close of Period
Land and Improvements	5,185,000
Buildings and Improvements	26,783,000
Total	31,968,000
Accumulated Depreciation	10,205,000
NBV	$ 21,763,000
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	3,493,000
Buildings and Improvements	30,801,000
Costs Capitalized Subsequent to Acquisition	2,738,000
Gross Amount Carried at Close of Period
Land and Improvements	3,692,000
Buildings and Improvements	33,340,000
Total	37,032,000
Accumulated Depreciation	12,633,000
NBV	$ 24,399,000
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	4,622,000
Buildings and Improvements	38,087,000
Costs Capitalized Subsequent to Acquisition	2,945,000
Gross Amount Carried at Close of Period
Land and Improvements	4,700,000
Buildings and Improvements	40,954,000
Total	45,654,000
Accumulated Depreciation	15,709,000
NBV	$ 29,945,000
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	4,381,000
Buildings and Improvements	28,434,000
Costs Capitalized Subsequent to Acquisition	2,802,000
Gross Amount Carried at Close of Period
Land and Improvements	4,646,000
Buildings and Improvements	30,971,000
Total	35,617,000
Accumulated Depreciation	12,297,000
NBV	$ 23,320,000
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	1,906,000
Buildings and Improvements	27,323,000
Costs Capitalized Subsequent to Acquisition	2,623,000
Gross Amount Carried at Close of Period
Land and Improvements	1,995,000
Buildings and Improvements	29,857,000
Total	31,852,000
Accumulated Depreciation	11,316,000
NBV	$ 20,536,000
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	2,853,000
Buildings and Improvements	25,621,000
Costs Capitalized Subsequent to Acquisition	3,346,000
Gross Amount Carried at Close of Period
Land and Improvements	3,040,000
Buildings and Improvements	28,780,000
Total	31,820,000
Accumulated Depreciation	11,551,000
NBV	$ 20,269,000
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	7,237,000
Buildings and Improvements	23,910,000
Costs Capitalized Subsequent to Acquisition	1,628,000
Gross Amount Carried at Close of Period
Land and Improvements	7,292,000
Buildings and Improvements	25,483,000
Total	32,775,000
Accumulated Depreciation	12,542,000
NBV	$ 20,233,000
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	1,976,000
Buildings and Improvements	19,472,000
Costs Capitalized Subsequent to Acquisition	2,856,000
Gross Amount Carried at Close of Period
Land and Improvements	1,988,000
Buildings and Improvements	22,316,000
Total	24,304,000
Accumulated Depreciation	8,726,000
NBV	$ 15,578,000
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	749,000
Buildings and Improvements	37,091,000
Costs Capitalized Subsequent to Acquisition	5,448,000
Gross Amount Carried at Close of Period
Land and Improvements	849,000
Buildings and Improvements	42,439,000
Total	43,288,000
Accumulated Depreciation	16,851,000
NBV	$ 26,437,000
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	695,000
Buildings and Improvements	16,641,000
Costs Capitalized Subsequent to Acquisition	1,426,000
Gross Amount Carried at Close of Period
Land and Improvements	908,000
Buildings and Improvements	17,854,000
Total	18,762,000
Accumulated Depreciation	7,064,000
NBV	$ 11,698,000
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	626,000
Buildings and Improvements	10,239,000
Costs Capitalized Subsequent to Acquisition	2,061,000
Gross Amount Carried at Close of Period
Land and Improvements	862,000
Buildings and Improvements	12,064,000
Total	12,926,000
Accumulated Depreciation	4,852,000
NBV	$ 8,074,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,838,000
Buildings and Improvements	53,660,000
Costs Capitalized Subsequent to Acquisition	6,417,000
Gross Amount Carried at Close of Period
Land and Improvements	2,070,000
Buildings and Improvements	59,845,000
Total	61,915,000
Accumulated Depreciation	22,689,000
NBV	$ 39,226,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| 4041, Sunrise of Blue Bell
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,765,000
Buildings and Improvements	23,920,000
Costs Capitalized Subsequent to Acquisition	3,658,000
Gross Amount Carried at Close of Period
Land and Improvements	1,928,000
Buildings and Improvements	27,415,000
Total	29,343,000
Accumulated Depreciation	10,759,000
NBV	$ 18,584,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| 4022, Sunrise of Exton
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,123,000
Buildings and Improvements	17,765,000
Costs Capitalized Subsequent to Acquisition	2,304,000
Gross Amount Carried at Close of Period
Land and Improvements	1,209,000
Buildings and Improvements	19,983,000
Total	21,192,000
Accumulated Depreciation	7,821,000
NBV	$ 13,371,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| 4007, Sunrise of Haverford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	941,000
Buildings and Improvements	25,872,000
Costs Capitalized Subsequent to Acquisition	2,510,000
Gross Amount Carried at Close of Period
Land and Improvements	990,000
Buildings and Improvements	28,333,000
Total	29,323,000
Accumulated Depreciation	11,004,000
NBV	$ 18,319,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| 4003, Sunrise at Granite Run
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,272,000
Buildings and Improvements	31,781,000
Costs Capitalized Subsequent to Acquisition	2,576,000
Gross Amount Carried at Close of Period
Land and Improvements	1,428,000
Buildings and Improvements	34,201,000
Total	35,629,000
Accumulated Depreciation	13,112,000
NBV	$ 22,517,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| 4087, Sunrise of Lower Makefield
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	3,165,000
Buildings and Improvements	21,337,000
Costs Capitalized Subsequent to Acquisition	890,000
Gross Amount Carried at Close of Period
Land and Improvements	3,174,000
Buildings and Improvements	22,218,000
Total	25,392,000
Accumulated Depreciation	5,775,000
NBV	$ 19,617,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| 4020, Sunrise of Westtown
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,547,000
Buildings and Improvements	22,996,000
Costs Capitalized Subsequent to Acquisition	2,041,000
Gross Amount Carried at Close of Period
Land and Improvements	1,576,000
Buildings and Improvements	25,008,000
Total	26,584,000
Accumulated Depreciation	10,038,000
NBV	$ 16,546,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| 4037, Sunrise of Hillcrest
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,616,000
Buildings and Improvements	27,680,000
Costs Capitalized Subsequent to Acquisition	1,373,000
Gross Amount Carried at Close of Period
Land and Improvements	2,626,000
Buildings and Improvements	29,043,000
Total	31,669,000
Accumulated Depreciation	11,003,000
NBV	$ 20,666,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| 4083, Sunrise of Fort Worth
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,024,000
Buildings and Improvements	18,587,000
Costs Capitalized Subsequent to Acquisition	1,067,000
Gross Amount Carried at Close of Period
Land and Improvements	2,178,000
Buildings and Improvements	19,500,000
Total	21,678,000
Accumulated Depreciation	5,146,000
NBV	$ 16,532,000
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	2,523,000
Buildings and Improvements	14,547,000
Costs Capitalized Subsequent to Acquisition	783,000
Gross Amount Carried at Close of Period
Land and Improvements	2,561,000
Buildings and Improvements	15,292,000
Total	17,853,000
Accumulated Depreciation	3,703,000
NBV	$ 14,150,000
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	2,512,000
Buildings and Improvements	21,600,000
Costs Capitalized Subsequent to Acquisition	1,478,000
Gross Amount Carried at Close of Period
Land and Improvements	2,580,000
Buildings and Improvements	23,010,000
Total	25,590,000
Accumulated Depreciation	5,929,000
NBV	$ 19,661,000
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	2,542,000
Buildings and Improvements	44,771,000
Costs Capitalized Subsequent to Acquisition	1,265,000
Gross Amount Carried at Close of Period
Land and Improvements	2,581,000
Buildings and Improvements	45,997,000
Total	48,578,000
Accumulated Depreciation	11,480,000
NBV	$ 37,098,000
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	2,576,000
Buildings and Improvements	22,987,000
Costs Capitalized Subsequent to Acquisition	400,000
Gross Amount Carried at Close of Period
Land and Improvements	2,646,000
Buildings and Improvements	23,317,000
Total	25,963,000
Accumulated Depreciation	8,931,000
NBV	$ 17,032,000
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	88,000
Buildings and Improvements	14,811,000
Costs Capitalized Subsequent to Acquisition	3,356,000
Gross Amount Carried at Close of Period
Land and Improvements	244,000
Buildings and Improvements	18,011,000
Total	18,255,000
Accumulated Depreciation	7,025,000
NBV	$ 11,230,000
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	1,120,000
Buildings and Improvements	17,446,000
Costs Capitalized Subsequent to Acquisition	1,304,000
Gross Amount Carried at Close of Period
Land and Improvements	1,224,000
Buildings and Improvements	18,646,000
Total	19,870,000
Accumulated Depreciation	7,519,000
NBV	$ 12,351,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| Sunrise of Bon Air, 4080 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,047,000
Buildings and Improvements	22,079,000
Costs Capitalized Subsequent to Acquisition	1,134,000
Gross Amount Carried at Close of Period
Land and Improvements	2,032,000
Buildings and Improvements	23,228,000
Total	25,260,000
Accumulated Depreciation	6,009,000
NBV	$ 19,251,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| Sunrise of Springfield, 4000 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	4,440,000
Buildings and Improvements	18,834,000
Costs Capitalized Subsequent to Acquisition	2,758,000
Gross Amount Carried at Close of Period
Land and Improvements	4,545,000
Buildings and Improvements	21,487,000
Total	26,032,000
Accumulated Depreciation	8,588,000
NBV	$ 17,444,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| Sunrise of Lynn Valley, 4073 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	11,759,000
Buildings and Improvements	37,424,000
Costs Capitalized Subsequent to Acquisition	(8,961,000)
Gross Amount Carried at Close of Period
Land and Improvements	9,181,000
Buildings and Improvements	31,041,000
Total	40,222,000
Accumulated Depreciation	11,752,000
NBV	$ 28,470,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| Sunrise of Vancouver, 4077 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,649,000
Buildings and Improvements	31,937,000
Costs Capitalized Subsequent to Acquisition	1,826,000
Gross Amount Carried at Close of Period
Land and Improvements	6,662,000
Buildings and Improvements	33,750,000
Total	40,412,000
Accumulated Depreciation	12,785,000
NBV	$ 27,627,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| Sunrise of Victoria, 4069 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,332,000
Buildings and Improvements	29,970,000
Costs Capitalized Subsequent to Acquisition	(6,020,000)
Gross Amount Carried at Close of Period
Land and Improvements	6,592,000
Buildings and Improvements	25,690,000
Total	32,282,000
Accumulated Depreciation	9,827,000
NBV	$ 22,455,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| Sunrise of Aurora, 4075 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,570,000
Buildings and Improvements	36,113,000
Costs Capitalized Subsequent to Acquisition	(7,197,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,320,000
Buildings and Improvements	29,166,000
Total	30,486,000
Accumulated Depreciation	10,996,000
NBV	$ 19,490,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| Sunrise of Burlington, 4070 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,173,000
Buildings and Improvements	24,448,000
Costs Capitalized Subsequent to Acquisition	1,497,000
Gross Amount Carried at Close of Period
Land and Improvements	1,378,000
Buildings and Improvements	25,740,000
Total	27,118,000
Accumulated Depreciation	9,914,000
NBV	$ 17,204,000
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	3,554,000
Buildings and Improvements	33,631,000
Costs Capitalized Subsequent to Acquisition	(6,617,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,918,000
Buildings and Improvements	27,650,000
Total	30,568,000
Accumulated Depreciation	10,765,000
NBV	$ 19,803,000
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	1,957,000
Buildings and Improvements	27,020,000
Costs Capitalized Subsequent to Acquisition	(5,211,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,542,000
Buildings and Improvements	22,224,000
Total	23,766,000
Accumulated Depreciation	8,487,000
NBV	$ 15,279,000
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	2,753,000
Buildings and Improvements	37,489,000
Costs Capitalized Subsequent to Acquisition	2,135,000
Gross Amount Carried at Close of Period
Land and Improvements	2,925,000
Buildings and Improvements	39,452,000
Total	42,377,000
Accumulated Depreciation	14,965,000
NBV	$ 27,412,000
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	2,155,000
Buildings and Improvements	41,254,000
Costs Capitalized Subsequent to Acquisition	(8,249,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,834,000
Buildings and Improvements	33,326,000
Total	35,160,000
Accumulated Depreciation	12,766,000
NBV	$ 22,394,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| 4078, Sunrise of Thornhill
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,563,000
Buildings and Improvements	57,513,000
Costs Capitalized Subsequent to Acquisition	(9,944,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,473,000
Buildings and Improvements	48,659,000
Total	50,132,000
Accumulated Depreciation	17,150,000
NBV	$ 32,982,000
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	1,813,000
Buildings and Improvements	20,882,000
Costs Capitalized Subsequent to Acquisition	1,962,000
Gross Amount Carried at Close of Period
Land and Improvements	1,996,000
Buildings and Improvements	22,661,000
Total	24,657,000
Accumulated Depreciation	8,642,000
NBV	$ 16,015,000
Life on Which Depreciation in Income Statement is Computed	35 years
Sunrise \| Seniors Housing Communities \| Sunrise of Unionville, 4067 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,322,000
Buildings and Improvements	41,140,000
Costs Capitalized Subsequent to Acquisition	(8,004,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,964,000
Buildings and Improvements	33,494,000
Total	35,458,000
Accumulated Depreciation	12,836,000
NBV	$ 22,622,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities
Real Estate and Accumulated Depreciation
Encumbrances	$ 256,383,000
Initial Cost to Company
Land and Improvements	538,180,000
Buildings and Improvements	4,760,171,000
Costs Capitalized Subsequent to Acquisition	511,143,000
Gross Amount Carried at Close of Period
Land and Improvements	554,121,000
Buildings and Improvements	5,255,373,000
Total	5,809,494,000
Accumulated Depreciation	1,458,754,000
NBV	4,350,740,000
Atria \| Seniors Housing Communities \| 8248, Atria Regency
Real Estate and Accumulated Depreciation
Encumbrances	0
Initial Cost to Company
Land and Improvements	950,000
Buildings and Improvements	11,897,000
Costs Capitalized Subsequent to Acquisition	1,741,000
Gross Amount Carried at Close of Period
Land and Improvements	981,000
Buildings and Improvements	13,607,000
Total	14,588,000
Accumulated Depreciation	4,804,000
NBV	$ 9,784,000
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	3,650,000
Buildings and Improvements	8,450,000
Costs Capitalized Subsequent to Acquisition	2,564,000
Gross Amount Carried at Close of Period
Land and Improvements	3,769,000
Buildings and Improvements	10,895,000
Total	14,664,000
Accumulated Depreciation	4,554,000
NBV	$ 10,110,000
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	10,930,000
Buildings and Improvements	65,372,000
Costs Capitalized Subsequent to Acquisition	5,722,000
Gross Amount Carried at Close of Period
Land and Improvements	11,021,000
Buildings and Improvements	71,003,000
Total	82,024,000
Accumulated Depreciation	13,658,000
NBV	$ 68,366,000
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	5,861,000
Buildings and Improvements	37,284,000
Costs Capitalized Subsequent to Acquisition	3,355,000
Gross Amount Carried at Close of Period
Land and Improvements	5,992,000
Buildings and Improvements	40,508,000
Total	46,500,000
Accumulated Depreciation	13,191,000
NBV	$ 33,309,000
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	1,709,000
Buildings and Improvements	60,000
Costs Capitalized Subsequent to Acquisition	1,024,000
Gross Amount Carried at Close of Period
Land and Improvements	1,768,000
Buildings and Improvements	1,025,000
Total	2,793,000
Accumulated Depreciation	650,000
NBV	$ 2,143,000
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	3,010,000
Buildings and Improvements	30,969,000
Costs Capitalized Subsequent to Acquisition	2,535,000
Gross Amount Carried at Close of Period
Land and Improvements	3,060,000
Buildings and Improvements	33,454,000
Total	36,514,000
Accumulated Depreciation	10,012,000
NBV	$ 26,502,000
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	2,494,000
Buildings and Improvements	12,373,000
Costs Capitalized Subsequent to Acquisition	1,874,000
Gross Amount Carried at Close of Period
Land and Improvements	2,579,000
Buildings and Improvements	14,162,000
Total	16,741,000
Accumulated Depreciation	4,790,000
NBV	$ 11,951,000
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	4,500,000
Buildings and Improvements	28,436,000
Costs Capitalized Subsequent to Acquisition	1,450,000
Gross Amount Carried at Close of Period
Land and Improvements	4,539,000
Buildings and Improvements	29,847,000
Total	34,386,000
Accumulated Depreciation	8,861,000
NBV	$ 25,525,000
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	$ 17,263,000
Initial Cost to Company
Land and Improvements	2,118,000
Buildings and Improvements	49,694,000
Costs Capitalized Subsequent to Acquisition	3,337,000
Gross Amount Carried at Close of Period
Land and Improvements	2,300,000
Buildings and Improvements	52,849,000
Total	55,149,000
Accumulated Depreciation	12,869,000
NBV	$ 42,280,000
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	6,930,000
Buildings and Improvements	32,318,000
Costs Capitalized Subsequent to Acquisition	15,725,000
Gross Amount Carried at Close of Period
Land and Improvements	7,215,000
Buildings and Improvements	47,758,000
Total	54,973,000
Accumulated Depreciation	16,341,000
NBV	$ 38,632,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8379, Villa Bonita
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,700,000
Buildings and Improvements	7,994,000
Costs Capitalized Subsequent to Acquisition	1,006,000
Gross Amount Carried at Close of Period
Land and Improvements	1,610,000
Buildings and Improvements	10,090,000
Total	11,700,000
Accumulated Depreciation	2,512,000
NBV	$ 9,188,000
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	170,000
Buildings and Improvements	4,131,000
Costs Capitalized Subsequent to Acquisition	955,000
Gross Amount Carried at Close of Period
Land and Improvements	262,000
Buildings and Improvements	4,994,000
Total	5,256,000
Accumulated Depreciation	1,968,000
NBV	$ 3,288,000
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	3,090,000
Buildings and Improvements	13,448,000
Costs Capitalized Subsequent to Acquisition	1,326,000
Gross Amount Carried at Close of Period
Land and Improvements	3,102,000
Buildings and Improvements	14,762,000
Total	17,864,000
Accumulated Depreciation	4,786,000
NBV	$ 13,078,000
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	2,163,000
Buildings and Improvements	39,657,000
Costs Capitalized Subsequent to Acquisition	12,793,000
Gross Amount Carried at Close of Period
Land and Improvements	2,388,000
Buildings and Improvements	52,225,000
Total	54,613,000
Accumulated Depreciation	18,123,000
NBV	$ 36,490,000
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	5,880,000
Buildings and Improvements	9,212,000
Costs Capitalized Subsequent to Acquisition	3,219,000
Gross Amount Carried at Close of Period
Land and Improvements	5,952,000
Buildings and Improvements	12,359,000
Total	18,311,000
Accumulated Depreciation	3,985,000
NBV	$ 14,326,000
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	1,196,000
Buildings and Improvements	7,155,000
Costs Capitalized Subsequent to Acquisition	734,000
Gross Amount Carried at Close of Period
Land and Improvements	1,215,000
Buildings and Improvements	7,870,000
Total	9,085,000
Accumulated Depreciation	1,939,000
NBV	$ 7,146,000
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	$ 10,741,000
Initial Cost to Company
Land and Improvements	1,965,000
Buildings and Improvements	28,414,000
Costs Capitalized Subsequent to Acquisition	1,651,000
Gross Amount Carried at Close of Period
Land and Improvements	2,020,000
Buildings and Improvements	30,010,000
Total	32,030,000
Accumulated Depreciation	7,346,000
NBV	$ 24,684,000
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	6,900,000
Buildings and Improvements	23,544,000
Costs Capitalized Subsequent to Acquisition	3,122,000
Gross Amount Carried at Close of Period
Land and Improvements	6,930,000
Buildings and Improvements	26,636,000
Total	33,566,000
Accumulated Depreciation	8,267,000
NBV	$ 25,299,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8301, Atria Lafayette
Real Estate and Accumulated Depreciation
Encumbrances	$ 18,127,000
Initial Cost to Company
Land and Improvements	5,679,000
Buildings and Improvements	56,922,000
Costs Capitalized Subsequent to Acquisition	2,213,000
Gross Amount Carried at Close of Period
Land and Improvements	6,416,000
Buildings and Improvements	58,398,000
Total	64,814,000
Accumulated Depreciation	13,477,000
NBV	$ 51,337,000
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	3,500,000
Buildings and Improvements	12,458,000
Costs Capitalized Subsequent to Acquisition	8,751,000
Gross Amount Carried at Close of Period
Land and Improvements	3,785,000
Buildings and Improvements	20,924,000
Total	24,709,000
Accumulated Depreciation	8,582,000
NBV	$ 16,127,000
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	4,534,000
Buildings and Improvements	32,912,000
Costs Capitalized Subsequent to Acquisition	1,282,000
Gross Amount Carried at Close of Period
Land and Improvements	4,569,000
Buildings and Improvements	34,159,000
Total	38,728,000
Accumulated Depreciation	2,339,000
NBV	$ 36,389,000
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	5,812,000
Buildings and Improvements	24,703,000
Costs Capitalized Subsequent to Acquisition	1,236,000
Gross Amount Carried at Close of Period
Land and Improvements	5,838,000
Buildings and Improvements	25,913,000
Total	31,751,000
Accumulated Depreciation	7,797,000
NBV	$ 23,954,000
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	4,458,000
Buildings and Improvements	17,064,000
Costs Capitalized Subsequent to Acquisition	1,536,000
Gross Amount Carried at Close of Period
Land and Improvements	4,489,000
Buildings and Improvements	18,569,000
Total	23,058,000
Accumulated Depreciation	7,552,000
NBV	$ 15,506,000
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	2,887,000
Buildings and Improvements	9,843,000
Costs Capitalized Subsequent to Acquisition	1,563,000
Gross Amount Carried at Close of Period
Land and Improvements	3,127,000
Buildings and Improvements	11,166,000
Total	14,293,000
Accumulated Depreciation	5,822,000
NBV	$ 8,471,000
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	6,680,000
Buildings and Improvements	85,900,000
Costs Capitalized Subsequent to Acquisition	3,914,000
Gross Amount Carried at Close of Period
Land and Improvements	6,876,000
Buildings and Improvements	89,618,000
Total	96,494,000
Accumulated Depreciation	25,338,000
NBV	$ 71,156,000
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	2,265,000
Buildings and Improvements	28,262,000
Costs Capitalized Subsequent to Acquisition	(22,641,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,995,000
Buildings and Improvements	5,891,000
Total	7,886,000
Accumulated Depreciation	6,203,000
NBV	$ 1,683,000
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	3,290,000
Buildings and Improvements	17,427,000
Costs Capitalized Subsequent to Acquisition	5,938,000
Gross Amount Carried at Close of Period
Land and Improvements	3,477,000
Buildings and Improvements	23,178,000
Total	26,655,000
Accumulated Depreciation	9,450,000
NBV	$ 17,205,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8381, Mission Hills
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,610,000
Buildings and Improvements	9,169,000
Costs Capitalized Subsequent to Acquisition	452,000
Gross Amount Carried at Close of Period
Land and Improvements	6,800,000
Buildings and Improvements	4,431,000
Total	11,231,000
Accumulated Depreciation	1,373,000
NBV	$ 9,858,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8346, Atria Rocklin
Real Estate and Accumulated Depreciation
Encumbrances	$ 18,336,000
Initial Cost to Company
Land and Improvements	4,427,000
Buildings and Improvements	52,064,000
Costs Capitalized Subsequent to Acquisition	1,595,000
Gross Amount Carried at Close of Period
Land and Improvements	4,473,000
Buildings and Improvements	53,613,000
Total	58,086,000
Accumulated Depreciation	9,383,000
NBV	$ 48,703,000
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	8,210,000
Buildings and Improvements	46,315,000
Costs Capitalized Subsequent to Acquisition	(1,197,000)
Gross Amount Carried at Close of Period
Land and Improvements	8,216,000
Buildings and Improvements	45,112,000
Total	53,328,000
Accumulated Depreciation	3,142,000
NBV	$ 50,186,000
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	2,649,000
Buildings and Improvements	24,067,000
Costs Capitalized Subsequent to Acquisition	2,254,000
Gross Amount Carried at Close of Period
Land and Improvements	2,711,000
Buildings and Improvements	26,259,000
Total	28,970,000
Accumulated Depreciation	1,781,000
NBV	$ 27,189,000
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	290,000
Buildings and Improvements	10,650,000
Costs Capitalized Subsequent to Acquisition	1,469,000
Gross Amount Carried at Close of Period
Land and Improvements	347,000
Buildings and Improvements	12,062,000
Total	12,409,000
Accumulated Depreciation	4,175,000
NBV	$ 8,234,000
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	4,066,000
Buildings and Improvements	14,306,000
Costs Capitalized Subsequent to Acquisition	2,248,000
Gross Amount Carried at Close of Period
Land and Improvements	4,625,000
Buildings and Improvements	15,995,000
Total	20,620,000
Accumulated Depreciation	5,898,000
NBV	$ 14,722,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8380, Regency of Evergreen Valley
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,800,000
Buildings and Improvements	3,637,000
Costs Capitalized Subsequent to Acquisition	1,119,000
Gross Amount Carried at Close of Period
Land and Improvements	2,700,000
Buildings and Improvements	8,856,000
Total	11,556,000
Accumulated Depreciation	2,719,000
NBV	$ 8,837,000
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	8,521,000
Buildings and Improvements	43,168,000
Costs Capitalized Subsequent to Acquisition	3,745,000
Gross Amount Carried at Close of Period
Land and Improvements	8,627,000
Buildings and Improvements	46,807,000
Total	55,434,000
Accumulated Depreciation	12,675,000
NBV	$ 42,759,000
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	5,110,000
Buildings and Improvements	29,436,000
Costs Capitalized Subsequent to Acquisition	9,015,000
Gross Amount Carried at Close of Period
Land and Improvements	5,353,000
Buildings and Improvements	38,208,000
Total	43,561,000
Accumulated Depreciation	15,626,000
NBV	$ 27,935,000
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	5,240,000
Buildings and Improvements	15,956,000
Costs Capitalized Subsequent to Acquisition	25,600,000
Gross Amount Carried at Close of Period
Land and Improvements	5,253,000
Buildings and Improvements	41,543,000
Total	46,796,000
Accumulated Depreciation	5,245,000
NBV	$ 41,551,000
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	3,880,000
Buildings and Improvements	38,366,000
Costs Capitalized Subsequent to Acquisition	1,738,000
Gross Amount Carried at Close of Period
Land and Improvements	3,890,000
Buildings and Improvements	40,094,000
Total	43,984,000
Accumulated Depreciation	7,148,000
NBV	$ 36,836,000
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	6,120,000
Buildings and Improvements	30,068,000
Costs Capitalized Subsequent to Acquisition	5,355,000
Gross Amount Carried at Close of Period
Land and Improvements	6,240,000
Buildings and Improvements	35,303,000
Total	41,543,000
Accumulated Depreciation	11,502,000
NBV	$ 30,041,000
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	960,000
Buildings and Improvements	47,547,000
Costs Capitalized Subsequent to Acquisition	6,461,000
Gross Amount Carried at Close of Period
Land and Improvements	5,861,000
Buildings and Improvements	49,107,000
Total	54,968,000
Accumulated Depreciation	11,112,000
NBV	$ 43,856,000
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	4,674,000
Buildings and Improvements	44,341,000
Costs Capitalized Subsequent to Acquisition	3,105,000
Gross Amount Carried at Close of Period
Land and Improvements	4,892,000
Buildings and Improvements	47,228,000
Total	52,120,000
Accumulated Depreciation	11,793,000
NBV	$ 40,327,000
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	$ 0
Initial Cost to Company
Land and Improvements	5,994,000
Buildings and Improvements	50,309,000
Costs Capitalized Subsequent to Acquisition	1,375,000
Gross Amount Carried at Close of Period
Land and Improvements	6,055,000
Buildings and Improvements	51,623,000
Total	57,678,000
Accumulated Depreciation	12,479,000
NBV	$ 45,199,000
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	6,020,000
Buildings and Improvements	25,635,000
Costs Capitalized Subsequent to Acquisition	10,529,000
Gross Amount Carried at Close of Period
Land and Improvements	6,624,000
Buildings and Improvements	35,560,000
Total	42,184,000
Accumulated Depreciation	14,863,000
NBV	$ 27,321,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8579, Atria Walnut Creek
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	6,910,000
Buildings and Improvements	15,797,000
Costs Capitalized Subsequent to Acquisition	17,518,000
Gross Amount Carried at Close of Period
Land and Improvements	7,642,000
Buildings and Improvements	32,583,000
Total	40,225,000
Accumulated Depreciation	15,417,000
NBV	$ 24,808,000
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	7,139,000
Buildings and Improvements	53,914,000
Costs Capitalized Subsequent to Acquisition	3,184,000
Gross Amount Carried at Close of Period
Land and Improvements	7,193,000
Buildings and Improvements	57,044,000
Total	64,237,000
Accumulated Depreciation	24,189,000
NBV	$ 40,048,000
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	2,807,000
Buildings and Improvements	24,877,000
Costs Capitalized Subsequent to Acquisition	1,425,000
Gross Amount Carried at Close of Period
Land and Improvements	2,874,000
Buildings and Improvements	26,235,000
Total	29,109,000
Accumulated Depreciation	6,941,000
NBV	$ 22,168,000
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	653,000
Buildings and Improvements	37,587,000
Costs Capitalized Subsequent to Acquisition	12,187,000
Gross Amount Carried at Close of Period
Land and Improvements	1,202,000
Buildings and Improvements	49,225,000
Total	50,427,000
Accumulated Depreciation	16,000,000
NBV	$ 34,427,000
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	1,850,000
Buildings and Improvements	16,098,000
Costs Capitalized Subsequent to Acquisition	2,463,000
Gross Amount Carried at Close of Period
Land and Improvements	1,885,000
Buildings and Improvements	18,526,000
Total	20,411,000
Accumulated Depreciation	6,089,000
NBV	$ 14,322,000
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	2,170,000
Buildings and Improvements	32,553,000
Costs Capitalized Subsequent to Acquisition	2,714,000
Gross Amount Carried at Close of Period
Land and Improvements	2,392,000
Buildings and Improvements	35,045,000
Total	37,437,000
Accumulated Depreciation	10,170,000
NBV	$ 27,267,000
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	1,200,000
Buildings and Improvements	62,432,000
Costs Capitalized Subsequent to Acquisition	20,025,000
Gross Amount Carried at Close of Period
Land and Improvements	1,487,000
Buildings and Improvements	82,170,000
Total	83,657,000
Accumulated Depreciation	22,565,000
NBV	$ 61,092,000
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	2,401,000
Buildings and Improvements	36,495,000
Costs Capitalized Subsequent to Acquisition	7,988,000
Gross Amount Carried at Close of Period
Land and Improvements	2,577,000
Buildings and Improvements	44,307,000
Total	46,884,000
Accumulated Depreciation	15,132,000
NBV	$ 31,752,000
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	3,120,000
Buildings and Improvements	14,674,000
Costs Capitalized Subsequent to Acquisition	3,933,000
Gross Amount Carried at Close of Period
Land and Improvements	3,163,000
Buildings and Improvements	18,564,000
Total	21,727,000
Accumulated Depreciation	7,215,000
NBV	$ 14,512,000
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	1,610,000
Buildings and Improvements	32,432,000
Costs Capitalized Subsequent to Acquisition	3,595,000
Gross Amount Carried at Close of Period
Land and Improvements	1,744,000
Buildings and Improvements	35,893,000
Total	37,637,000
Accumulated Depreciation	11,173,000
NBV	$ 26,464,000
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	2,083,000
Buildings and Improvements	28,841,000
Costs Capitalized Subsequent to Acquisition	9,966,000
Gross Amount Carried at Close of Period
Land and Improvements	2,369,000
Buildings and Improvements	38,521,000
Total	40,890,000
Accumulated Depreciation	13,623,000
NBV	$ 27,267,000
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	$ 0
Initial Cost to Company
Land and Improvements	1,620,000
Buildings and Improvements	14,920,000
Costs Capitalized Subsequent to Acquisition	1,310,000
Gross Amount Carried at Close of Period
Land and Improvements	1,660,000
Buildings and Improvements	16,190,000
Total	17,850,000
Accumulated Depreciation	4,918,000
NBV	$ 12,932,000
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	$ 0
Initial Cost to Company
Land and Improvements	5,520,000
Buildings and Improvements	30,720,000
Costs Capitalized Subsequent to Acquisition	2,129,000
Gross Amount Carried at Close of Period
Land and Improvements	5,575,000
Buildings and Improvements	32,794,000
Total	38,369,000
Accumulated Depreciation	8,105,000
NBV	$ 30,264,000
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	3,752,000
Buildings and Improvements	26,265,000
Costs Capitalized Subsequent to Acquisition	1,519,000
Gross Amount Carried at Close of Period
Land and Improvements	3,769,000
Buildings and Improvements	27,767,000
Total	31,536,000
Accumulated Depreciation	4,811,000
NBV	$ 26,725,000
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	3,589,000
Buildings and Improvements	32,586,000
Costs Capitalized Subsequent to Acquisition	5,340,000
Gross Amount Carried at Close of Period
Land and Improvements	4,104,000
Buildings and Improvements	37,411,000
Total	41,515,000
Accumulated Depreciation	11,140,000
NBV	$ 30,375,000
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	2,370,000
Buildings and Improvements	28,371,000
Costs Capitalized Subsequent to Acquisition	6,077,000
Gross Amount Carried at Close of Period
Land and Improvements	2,568,000
Buildings and Improvements	34,250,000
Total	36,818,000
Accumulated Depreciation	11,532,000
NBV	$ 25,286,000
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	$ 38,576,000
Initial Cost to Company
Land and Improvements	4,830,000
Buildings and Improvements	78,318,000
Costs Capitalized Subsequent to Acquisition	3,260,000
Gross Amount Carried at Close of Period
Land and Improvements	4,868,000
Buildings and Improvements	81,540,000
Total	86,408,000
Accumulated Depreciation	16,947,000
NBV	$ 69,461,000
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	3,660,000
Buildings and Improvements	5,274,000
Costs Capitalized Subsequent to Acquisition	1,449,000
Gross Amount Carried at Close of Period
Land and Improvements	3,688,000
Buildings and Improvements	6,695,000
Total	10,383,000
Accumulated Depreciation	2,713,000
NBV	$ 7,670,000
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	1,103,000
Buildings and Improvements	20,679,000
Costs Capitalized Subsequent to Acquisition	790,000
Gross Amount Carried at Close of Period
Land and Improvements	1,120,000
Buildings and Improvements	21,452,000
Total	22,572,000
Accumulated Depreciation	5,292,000
NBV	$ 17,280,000
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	2,455,000
Buildings and Improvements	34,064,000
Costs Capitalized Subsequent to Acquisition	3,293,000
Gross Amount Carried at Close of Period
Land and Improvements	2,748,000
Buildings and Improvements	37,064,000
Total	39,812,000
Accumulated Depreciation	14,328,000
NBV	$ 25,484,000
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	1,150,000
Buildings and Improvements	22,880,000
Costs Capitalized Subsequent to Acquisition	1,612,000
Gross Amount Carried at Close of Period
Land and Improvements	1,155,000
Buildings and Improvements	24,487,000
Total	25,642,000
Accumulated Depreciation	6,899,000
NBV	$ 18,743,000
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	1,150,000
Buildings and Improvements	20,544,000
Costs Capitalized Subsequent to Acquisition	1,625,000
Gross Amount Carried at Close of Period
Land and Improvements	1,241,000
Buildings and Improvements	22,078,000
Total	23,319,000
Accumulated Depreciation	6,825,000
NBV	$ 16,494,000
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	1,230,000
Buildings and Improvements	28,379,000
Costs Capitalized Subsequent to Acquisition	2,552,000
Gross Amount Carried at Close of Period
Land and Improvements	1,267,000
Buildings and Improvements	30,894,000
Total	32,161,000
Accumulated Depreciation	10,075,000
NBV	$ 22,086,000
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	1,677,000
Buildings and Improvements	14,393,000
Costs Capitalized Subsequent to Acquisition	1,773,000
Gross Amount Carried at Close of Period
Land and Improvements	1,693,000
Buildings and Improvements	16,150,000
Total	17,843,000
Accumulated Depreciation	5,713,000
NBV	$ 12,130,000
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	1,780,000
Buildings and Improvements	15,769,000
Costs Capitalized Subsequent to Acquisition	1,270,000
Gross Amount Carried at Close of Period
Land and Improvements	1,812,000
Buildings and Improvements	17,007,000
Total	18,819,000
Accumulated Depreciation	5,437,000
NBV	$ 13,382,000
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	850,000
Buildings and Improvements	12,510,000
Costs Capitalized Subsequent to Acquisition	937,000
Gross Amount Carried at Close of Period
Land and Improvements	884,000
Buildings and Improvements	13,413,000
Total	14,297,000
Accumulated Depreciation	4,111,000
NBV	$ 10,186,000
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	939,000
Buildings and Improvements	9,274,000
Costs Capitalized Subsequent to Acquisition	1,391,000
Gross Amount Carried at Close of Period
Land and Improvements	968,000
Buildings and Improvements	10,636,000
Total	11,604,000
Accumulated Depreciation	4,228,000
NBV	$ 7,376,000
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	1,860,000
Buildings and Improvements	17,561,000
Costs Capitalized Subsequent to Acquisition	1,333,000
Gross Amount Carried at Close of Period
Land and Improvements	1,953,000
Buildings and Improvements	18,801,000
Total	20,754,000
Accumulated Depreciation	5,959,000
NBV	$ 14,795,000
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	1,410,000
Buildings and Improvements	16,702,000
Costs Capitalized Subsequent to Acquisition	1,604,000
Gross Amount Carried at Close of Period
Land and Improvements	1,451,000
Buildings and Improvements	18,265,000
Total	19,716,000
Accumulated Depreciation	5,737,000
NBV	$ 13,979,000
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	1,090,000
Buildings and Improvements	23,496,000
Costs Capitalized Subsequent to Acquisition	1,701,000
Gross Amount Carried at Close of Period
Land and Improvements	1,159,000
Buildings and Improvements	25,128,000
Total	26,287,000
Accumulated Depreciation	7,591,000
NBV	$ 18,696,000
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	4,193,000
Buildings and Improvements	19,000,000
Costs Capitalized Subsequent to Acquisition	2,311,000
Gross Amount Carried at Close of Period
Land and Improvements	4,465,000
Buildings and Improvements	21,039,000
Total	25,504,000
Accumulated Depreciation	6,579,000
NBV	$ 18,925,000
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	1,940,000
Buildings and Improvements	24,500,000
Costs Capitalized Subsequent to Acquisition	1,391,000
Gross Amount Carried at Close of Period
Land and Improvements	1,979,000
Buildings and Improvements	25,852,000
Total	27,831,000
Accumulated Depreciation	7,188,000
NBV	$ 20,643,000
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	1,831,000
Buildings and Improvements	34,592,000
Costs Capitalized Subsequent to Acquisition	19,600,000
Gross Amount Carried at Close of Period
Land and Improvements	1,996,000
Buildings and Improvements	54,027,000
Total	56,023,000
Accumulated Depreciation	21,944,000
NBV	$ 34,079,000
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	5,310,000
Buildings and Improvements	58,021,000
Costs Capitalized Subsequent to Acquisition	2,123,000
Gross Amount Carried at Close of Period
Land and Improvements	5,387,000
Buildings and Improvements	60,067,000
Total	65,454,000
Accumulated Depreciation	16,527,000
NBV	$ 48,927,000
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	1,100,000
Buildings and Improvements	16,093,000
Costs Capitalized Subsequent to Acquisition	1,104,000
Gross Amount Carried at Close of Period
Land and Improvements	1,157,000
Buildings and Improvements	17,140,000
Total	18,297,000
Accumulated Depreciation	5,013,000
NBV	$ 13,284,000
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	$ 0
Initial Cost to Company
Land and Improvements	4,630,000
Buildings and Improvements	27,314,000
Costs Capitalized Subsequent to Acquisition	5,817,000
Gross Amount Carried at Close of Period
Land and Improvements	6,433,000
Buildings and Improvements	31,328,000
Total	37,761,000
Accumulated Depreciation	8,712,000
NBV	$ 29,049,000
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	1,970,000
Buildings and Improvements	43,693,000
Costs Capitalized Subsequent to Acquisition	21,519,000
Gross Amount Carried at Close of Period
Land and Improvements	2,709,000
Buildings and Improvements	64,473,000
Total	67,182,000
Accumulated Depreciation	20,248,000
NBV	$ 46,934,000
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	1,140,000
Buildings and Improvements	17,794,000
Costs Capitalized Subsequent to Acquisition	1,872,000
Gross Amount Carried at Close of Period
Land and Improvements	1,234,000
Buildings and Improvements	19,572,000
Total	20,806,000
Accumulated Depreciation	6,014,000
NBV	$ 14,792,000
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	2,774,000
Buildings and Improvements	40,645,000
Costs Capitalized Subsequent to Acquisition	21,593,000
Gross Amount Carried at Close of Period
Land and Improvements	4,319,000
Buildings and Improvements	60,693,000
Total	65,012,000
Accumulated Depreciation	11,669,000
NBV	$ 53,343,000
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	2,590,000
Buildings and Improvements	33,899,000
Costs Capitalized Subsequent to Acquisition	2,109,000
Gross Amount Carried at Close of Period
Land and Improvements	2,780,000
Buildings and Improvements	35,818,000
Total	38,598,000
Accumulated Depreciation	10,474,000
NBV	$ 28,124,000
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	1,703,000
Buildings and Improvements	15,857,000
Costs Capitalized Subsequent to Acquisition	1,998,000
Gross Amount Carried at Close of Period
Land and Improvements	1,837,000
Buildings and Improvements	17,721,000
Total	19,558,000
Accumulated Depreciation	7,516,000
NBV	$ 12,042,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8548, Atria Kinghaven
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,440,000
Buildings and Improvements	26,260,000
Costs Capitalized Subsequent to Acquisition	3,507,000
Gross Amount Carried at Close of Period
Land and Improvements	1,598,000
Buildings and Improvements	29,609,000
Total	31,207,000
Accumulated Depreciation	9,031,000
NBV	$ 22,176,000
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	796,000
Costs Capitalized Subsequent to Acquisition	1,852,000
Gross Amount Carried at Close of Period
Land and Improvements	14,000
Buildings and Improvements	2,634,000
Total	2,648,000
Accumulated Depreciation	1,888,000
NBV	$ 760,000
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	4,000
Buildings and Improvements	407,000
Costs Capitalized Subsequent to Acquisition	776,000
Gross Amount Carried at Close of Period
Land and Improvements	20,000
Buildings and Improvements	1,167,000
Total	1,187,000
Accumulated Depreciation	875,000
NBV	$ 312,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8319, Atria Cranford
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	8,260,000
Buildings and Improvements	61,411,000
Costs Capitalized Subsequent to Acquisition	5,689,000
Gross Amount Carried at Close of Period
Land and Improvements	8,406,000
Buildings and Improvements	66,954,000
Total	75,360,000
Accumulated Depreciation	20,313,000
NBV	$ 55,047,000
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	6,580,000
Buildings and Improvements	13,258,000
Costs Capitalized Subsequent to Acquisition	1,835,000
Gross Amount Carried at Close of Period
Land and Improvements	6,762,000
Buildings and Improvements	14,911,000
Total	21,673,000
Accumulated Depreciation	5,540,000
NBV	$ 16,133,000
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	1,520,000
Buildings and Improvements	29,667,000
Costs Capitalized Subsequent to Acquisition	5,279,000
Gross Amount Carried at Close of Period
Land and Improvements	1,626,000
Buildings and Improvements	34,840,000
Total	36,466,000
Accumulated Depreciation	9,030,000
NBV	$ 27,436,000
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	1,080,000
Buildings and Improvements	20,599,000
Costs Capitalized Subsequent to Acquisition	1,247,000
Gross Amount Carried at Close of Period
Land and Improvements	1,100,000
Buildings and Improvements	21,826,000
Total	22,926,000
Accumulated Depreciation	6,779,000
NBV	$ 16,147,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8467, Atria Woodlands
Real Estate and Accumulated Depreciation
Encumbrances	$ 44,386,000
Initial Cost to Company
Land and Improvements	7,660,000
Buildings and Improvements	65,581,000
Costs Capitalized Subsequent to Acquisition	3,248,000
Gross Amount Carried at Close of Period
Land and Improvements	7,718,000
Buildings and Improvements	68,771,000
Total	76,489,000
Accumulated Depreciation	20,019,000
NBV	$ 56,470,000
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	$ 15,275,000
Initial Cost to Company
Land and Improvements	4,440,000
Buildings and Improvements	31,983,000
Costs Capitalized Subsequent to Acquisition	2,874,000
Gross Amount Carried at Close of Period
Land and Improvements	4,453,000
Buildings and Improvements	34,844,000
Total	39,297,000
Accumulated Depreciation	10,458,000
NBV	$ 28,839,000
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	6,560,000
Buildings and Improvements	33,885,000
Costs Capitalized Subsequent to Acquisition	3,315,000
Gross Amount Carried at Close of Period
Land and Improvements	6,725,000
Buildings and Improvements	37,035,000
Total	43,760,000
Accumulated Depreciation	11,188,000
NBV	$ 32,572,000
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	1,020,000
Buildings and Improvements	24,149,000
Costs Capitalized Subsequent to Acquisition	16,568,000
Gross Amount Carried at Close of Period
Land and Improvements	1,084,000
Buildings and Improvements	40,653,000
Total	41,737,000
Accumulated Depreciation	15,812,000
NBV	$ 25,925,000
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	1,201,000
Buildings and Improvements	24,850,000
Costs Capitalized Subsequent to Acquisition	1,183,000
Gross Amount Carried at Close of Period
Land and Improvements	1,223,000
Buildings and Improvements	26,011,000
Total	27,234,000
Accumulated Depreciation	5,565,000
NBV	$ 21,669,000
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	9,960,000
Buildings and Improvements	34,467,000
Costs Capitalized Subsequent to Acquisition	19,987,000
Gross Amount Carried at Close of Period
Land and Improvements	10,250,000
Buildings and Improvements	54,164,000
Total	64,414,000
Accumulated Depreciation	16,866,000
NBV	$ 47,548,000
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	2,035,000
Buildings and Improvements	25,190,000
Costs Capitalized Subsequent to Acquisition	1,400,000
Gross Amount Carried at Close of Period
Land and Improvements	2,063,000
Buildings and Improvements	26,562,000
Total	28,625,000
Accumulated Depreciation	14,362,000
NBV	$ 14,263,000
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	3,390,000
Buildings and Improvements	54,051,000
Costs Capitalized Subsequent to Acquisition	28,002,000
Gross Amount Carried at Close of Period
Land and Improvements	3,482,000
Buildings and Improvements	81,961,000
Total	85,443,000
Accumulated Depreciation	20,008,000
NBV	$ 65,435,000
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	2,750,000
Buildings and Improvements	47,919,000
Costs Capitalized Subsequent to Acquisition	3,412,000
Gross Amount Carried at Close of Period
Land and Improvements	2,761,000
Buildings and Improvements	51,320,000
Total	54,081,000
Accumulated Depreciation	14,422,000
NBV	$ 39,659,000
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	8,190,000
Buildings and Improvements	1,169,000
Costs Capitalized Subsequent to Acquisition	2,791,000
Gross Amount Carried at Close of Period
Land and Improvements	8,232,000
Buildings and Improvements	3,918,000
Total	12,150,000
Accumulated Depreciation	2,849,000
NBV	$ 9,301,000
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	7,886,000
Buildings and Improvements	16,391,000
Costs Capitalized Subsequent to Acquisition	2,489,000
Gross Amount Carried at Close of Period
Land and Improvements	7,889,000
Buildings and Improvements	18,877,000
Total	26,766,000
Accumulated Depreciation	5,333,000
NBV	$ 21,433,000
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	3,145,000
Buildings and Improvements	5,489,000
Costs Capitalized Subsequent to Acquisition	11,416,000
Gross Amount Carried at Close of Period
Land and Improvements	3,176,000
Buildings and Improvements	16,874,000
Total	20,050,000
Accumulated Depreciation	2,899,000
NBV	$ 17,151,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8464, Atria Tanglewood
Real Estate and Accumulated Depreciation
Encumbrances	$ 23,160,000
Initial Cost to Company
Land and Improvements	4,120,000
Buildings and Improvements	37,348,000
Costs Capitalized Subsequent to Acquisition	1,404,000
Gross Amount Carried at Close of Period
Land and Improvements	4,145,000
Buildings and Improvements	38,727,000
Total	42,872,000
Accumulated Depreciation	10,867,000
NBV	$ 32,005,000
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	80,000
Buildings and Improvements	73,685,000
Costs Capitalized Subsequent to Acquisition	7,374,000
Gross Amount Carried at Close of Period
Land and Improvements	167,000
Buildings and Improvements	80,972,000
Total	81,139,000
Accumulated Depreciation	24,453,000
NBV	$ 56,686,000
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	8,123,000
Buildings and Improvements	63,089,000
Costs Capitalized Subsequent to Acquisition	5,143,000
Gross Amount Carried at Close of Period
Land and Improvements	8,212,000
Buildings and Improvements	68,143,000
Total	76,355,000
Accumulated Depreciation	21,242,000
NBV	$ 55,113,000
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	2,480,000
Buildings and Improvements	16,060,000
Costs Capitalized Subsequent to Acquisition	2,209,000
Gross Amount Carried at Close of Period
Land and Improvements	2,630,000
Buildings and Improvements	18,119,000
Total	20,749,000
Accumulated Depreciation	5,802,000
NBV	$ 14,947,000
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	$ 0
Initial Cost to Company
Land and Improvements	9,660,000
Buildings and Improvements	74,936,000
Costs Capitalized Subsequent to Acquisition	2,691,000
Gross Amount Carried at Close of Period
Land and Improvements	9,751,000
Buildings and Improvements	77,536,000
Total	87,287,000
Accumulated Depreciation	21,846,000
NBV	$ 65,441,000
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	3,051,000
Buildings and Improvements	66,013,000
Costs Capitalized Subsequent to Acquisition	9,082,000
Gross Amount Carried at Close of Period
Land and Improvements	3,079,000
Buildings and Improvements	75,067,000
Total	78,146,000
Accumulated Depreciation	22,113,000
NBV	$ 56,033,000
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	2,050,000
Buildings and Improvements	16,680,000
Costs Capitalized Subsequent to Acquisition	2,099,000
Gross Amount Carried at Close of Period
Land and Improvements	2,074,000
Buildings and Improvements	18,755,000
Total	20,829,000
Accumulated Depreciation	5,754,000
NBV	$ 15,075,000
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	$ 65,000,000
Initial Cost to Company
Land and Improvements	12,909,000
Buildings and Improvements	72,720,000
Costs Capitalized Subsequent to Acquisition	2,969,000
Gross Amount Carried at Close of Period
Land and Improvements	12,974,000
Buildings and Improvements	75,624,000
Total	88,598,000
Accumulated Depreciation	21,290,000
NBV	$ 67,308,000
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	1,170,000
Buildings and Improvements	22,414,000
Costs Capitalized Subsequent to Acquisition	919,000
Gross Amount Carried at Close of Period
Land and Improvements	1,171,000
Buildings and Improvements	23,332,000
Total	24,503,000
Accumulated Depreciation	6,760,000
NBV	$ 17,743,000
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	8,450,000
Buildings and Improvements	14,534,000
Costs Capitalized Subsequent to Acquisition	2,146,000
Gross Amount Carried at Close of Period
Land and Improvements	8,842,000
Buildings and Improvements	16,288,000
Total	25,130,000
Accumulated Depreciation	6,816,000
NBV	$ 18,314,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| Atria Southpoint Walk, 8293 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,130,000
Buildings and Improvements	25,920,000
Costs Capitalized Subsequent to Acquisition	1,544,000
Gross Amount Carried at Close of Period
Land and Improvements	2,135,000
Buildings and Improvements	27,459,000
Total	29,594,000
Accumulated Depreciation	6,864,000
NBV	$ 22,730,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| Atria Oakridge, 8294 [Member]
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	1,482,000
Buildings and Improvements	28,838,000
Costs Capitalized Subsequent to Acquisition	1,657,000
Gross Amount Carried at Close of Period
Land and Improvements	1,519,000
Buildings and Improvements	30,458,000
Total	31,977,000
Accumulated Depreciation	7,684,000
NBV	$ 24,293,000
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	2,479,000
Buildings and Improvements	22,870,000
Costs Capitalized Subsequent to Acquisition	1,141,000
Gross Amount Carried at Close of Period
Land and Improvements	2,500,000
Buildings and Improvements	23,990,000
Total	26,490,000
Accumulated Depreciation	7,544,000
NBV	$ 18,946,000
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	3,460,000
Buildings and Improvements	18,291,000
Costs Capitalized Subsequent to Acquisition	18,257,000
Gross Amount Carried at Close of Period
Land and Improvements	3,535,000
Buildings and Improvements	36,473,000
Total	40,008,000
Accumulated Depreciation	10,722,000
NBV	$ 29,286,000
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	880,000
Buildings and Improvements	10,884,000
Costs Capitalized Subsequent to Acquisition	1,000,000
Gross Amount Carried at Close of Period
Land and Improvements	913,000
Buildings and Improvements	11,851,000
Total	12,764,000
Accumulated Depreciation	4,088,000
NBV	$ 8,676,000
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	2,000,000
Buildings and Improvements	33,400,000
Costs Capitalized Subsequent to Acquisition	3,134,000
Gross Amount Carried at Close of Period
Land and Improvements	2,080,000
Buildings and Improvements	36,454,000
Total	38,534,000
Accumulated Depreciation	11,772,000
NBV	$ 26,762,000
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	2,089,000
Buildings and Improvements	21,702,000
Costs Capitalized Subsequent to Acquisition	1,911,000
Gross Amount Carried at Close of Period
Land and Improvements	2,183,000
Buildings and Improvements	23,519,000
Total	25,702,000
Accumulated Depreciation	7,306,000
NBV	$ 18,396,000
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	1,440,000
Buildings and Improvements	12,686,000
Costs Capitalized Subsequent to Acquisition	1,527,000
Gross Amount Carried at Close of Period
Land and Improvements	1,475,000
Buildings and Improvements	14,178,000
Total	15,653,000
Accumulated Depreciation	4,894,000
NBV	$ 10,759,000
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	2,810,000
Buildings and Improvements	31,623,000
Costs Capitalized Subsequent to Acquisition	1,212,000
Gross Amount Carried at Close of Period
Land and Improvements	2,814,000
Buildings and Improvements	32,831,000
Total	35,645,000
Accumulated Depreciation	9,159,000
NBV	$ 26,486,000
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	670,000
Buildings and Improvements	13,946,000
Costs Capitalized Subsequent to Acquisition	1,117,000
Gross Amount Carried at Close of Period
Land and Improvements	691,000
Buildings and Improvements	15,042,000
Total	15,733,000
Accumulated Depreciation	4,471,000
NBV	$ 11,262,000
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	$ 0
Initial Cost to Company
Land and Improvements	793,000
Buildings and Improvements	7,961,000
Costs Capitalized Subsequent to Acquisition	1,629,000
Gross Amount Carried at Close of Period
Land and Improvements	969,000
Buildings and Improvements	9,414,000
Total	10,383,000
Accumulated Depreciation	3,179,000
NBV	$ 7,204,000
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	8,280,000
Buildings and Improvements	61,764,000
Costs Capitalized Subsequent to Acquisition	3,477,000
Gross Amount Carried at Close of Period
Land and Improvements	8,377,000
Buildings and Improvements	65,144,000
Total	73,521,000
Accumulated Depreciation	15,854,000
NBV	$ 57,667,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8243, Atria Carrollton
Real Estate and Accumulated Depreciation
Encumbrances	$ 5,519,000
Initial Cost to Company
Land and Improvements	360,000
Buildings and Improvements	20,465,000
Costs Capitalized Subsequent to Acquisition	1,823,000
Gross Amount Carried at Close of Period
Land and Improvements	370,000
Buildings and Improvements	22,278,000
Total	22,648,000
Accumulated Depreciation	6,829,000
NBV	$ 15,819,000
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	2,070,000
Buildings and Improvements	23,104,000
Costs Capitalized Subsequent to Acquisition	2,039,000
Gross Amount Carried at Close of Period
Land and Improvements	2,092,000
Buildings and Improvements	25,121,000
Total	27,213,000
Accumulated Depreciation	7,161,000
NBV	$ 20,052,000
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	2,318,000
Buildings and Improvements	22,278,000
Costs Capitalized Subsequent to Acquisition	1,546,000
Gross Amount Carried at Close of Period
Land and Improvements	2,347,000
Buildings and Improvements	23,795,000
Total	26,142,000
Accumulated Depreciation	7,239,000
NBV	$ 18,903,000
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	3,171,000
Buildings and Improvements	73,287,000
Costs Capitalized Subsequent to Acquisition	2,081,000
Gross Amount Carried at Close of Period
Land and Improvements	3,201,000
Buildings and Improvements	75,338,000
Total	78,539,000
Accumulated Depreciation	12,222,000
NBV	$ 66,317,000
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	1,170,000
Buildings and Improvements	4,518,000
Costs Capitalized Subsequent to Acquisition	1,064,000
Gross Amount Carried at Close of Period
Land and Improvements	1,192,000
Buildings and Improvements	5,560,000
Total	6,752,000
Accumulated Depreciation	2,133,000
NBV	$ 4,619,000
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	1,932,000
Buildings and Improvements	30,382,000
Costs Capitalized Subsequent to Acquisition	2,738,000
Gross Amount Carried at Close of Period
Land and Improvements	1,963,000
Buildings and Improvements	33,089,000
Total	35,052,000
Accumulated Depreciation	8,400,000
NBV	$ 26,652,000
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	3,110,000
Buildings and Improvements	45,999,000
Costs Capitalized Subsequent to Acquisition	3,756,000
Gross Amount Carried at Close of Period
Land and Improvements	3,148,000
Buildings and Improvements	49,717,000
Total	52,865,000
Accumulated Depreciation	12,573,000
NBV	$ 40,292,000
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	880,000
Buildings and Improvements	9,192,000
Costs Capitalized Subsequent to Acquisition	648,000
Gross Amount Carried at Close of Period
Land and Improvements	984,000
Buildings and Improvements	9,736,000
Total	10,720,000
Accumulated Depreciation	3,282,000
NBV	$ 7,438,000
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	970,000
Buildings and Improvements	17,542,000
Costs Capitalized Subsequent to Acquisition	1,059,000
Gross Amount Carried at Close of Period
Land and Improvements	980,000
Buildings and Improvements	18,591,000
Total	19,571,000
Accumulated Depreciation	5,602,000
NBV	$ 13,969,000
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	1,879,000
Buildings and Improvements	17,901,000
Costs Capitalized Subsequent to Acquisition	2,178,000
Gross Amount Carried at Close of Period
Land and Improvements	1,913,000
Buildings and Improvements	20,045,000
Total	21,958,000
Accumulated Depreciation	5,975,000
NBV	$ 15,983,000
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	920,000
Buildings and Improvements	31,271,000
Costs Capitalized Subsequent to Acquisition	1,862,000
Gross Amount Carried at Close of Period
Land and Improvements	982,000
Buildings and Improvements	33,071,000
Total	34,053,000
Accumulated Depreciation	9,988,000
NBV	$ 24,065,000
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	1,749,000
Buildings and Improvements	33,004,000
Costs Capitalized Subsequent to Acquisition	1,041,000
Gross Amount Carried at Close of Period
Land and Improvements	1,815,000
Buildings and Improvements	33,979,000
Total	35,794,000
Accumulated Depreciation	10,062,000
NBV	$ 25,732,000
Life on Which Depreciation in Income Statement is Computed	35 years
Atria \| Seniors Housing Communities \| 8972, Arbour Lake
Real Estate and Accumulated Depreciation
Encumbrances	$ 0
Initial Cost to Company
Land and Improvements	2,512,000
Buildings and Improvements	39,188,000
Costs Capitalized Subsequent to Acquisition	(3,182,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,259,000
Buildings and Improvements	36,259,000
Total	38,518,000
Accumulated Depreciation	6,991,000
NBV	$ 31,527,000
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	1,617,000
Buildings and Improvements	30,803,000
Costs Capitalized Subsequent to Acquisition	(2,148,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,453,000
Buildings and Improvements	28,819,000
Total	30,272,000
Accumulated Depreciation	5,786,000
NBV	$ 24,486,000
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	2,865,000
Buildings and Improvements	30,482,000
Costs Capitalized Subsequent to Acquisition	(2,556,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,575,000
Buildings and Improvements	28,216,000
Total	30,791,000
Accumulated Depreciation	5,660,000
NBV	$ 25,131,000
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	2,503,000
Buildings and Improvements	24,770,000
Costs Capitalized Subsequent to Acquisition	(2,185,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,261,000
Buildings and Improvements	22,827,000
Total	25,088,000
Accumulated Depreciation	4,933,000
NBV	$ 20,155,000
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	1,188,000
Buildings and Improvements	22,554,000
Costs Capitalized Subsequent to Acquisition	(808,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,066,000
Buildings and Improvements	21,868,000
Total	22,934,000
Accumulated Depreciation	4,671,000
NBV	$ 18,263,000
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	3,639,000
Buildings and Improvements	22,519,000
Costs Capitalized Subsequent to Acquisition	(1,093,000)
Gross Amount Carried at Close of Period
Land and Improvements	3,294,000
Buildings and Improvements	21,771,000
Total	25,065,000
Accumulated Depreciation	4,692,000
NBV	$ 20,373,000
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	1,874,000
Buildings and Improvements	22,910,000
Costs Capitalized Subsequent to Acquisition	(1,333,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,683,000
Buildings and Improvements	21,768,000
Total	23,451,000
Accumulated Depreciation	4,777,000
NBV	$ 18,674,000
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	2,066,000
Buildings and Improvements	22,761,000
Costs Capitalized Subsequent to Acquisition	(1,309,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,853,000
Buildings and Improvements	21,665,000
Total	23,518,000
Accumulated Depreciation	4,592,000
NBV	$ 18,926,000
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	3,419,000
Buildings and Improvements	16,351,000
Costs Capitalized Subsequent to Acquisition	(610,000)
Gross Amount Carried at Close of Period
Land and Improvements	3,083,000
Buildings and Improvements	16,077,000
Total	19,160,000
Accumulated Depreciation	3,697,000
NBV	$ 15,463,000
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	4,801,000
Buildings and Improvements	25,712,000
Costs Capitalized Subsequent to Acquisition	(1,349,000)
Gross Amount Carried at Close of Period
Land and Improvements	4,307,000
Buildings and Improvements	24,857,000
Total	29,164,000
Accumulated Depreciation	5,219,000
NBV	$ 23,945,000
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	799,000
Buildings and Improvements	27,708,000
Costs Capitalized Subsequent to Acquisition	(1,386,000)
Gross Amount Carried at Close of Period
Land and Improvements	716,000
Buildings and Improvements	26,405,000
Total	27,121,000
Accumulated Depreciation	5,457,000
NBV	$ 21,664,000
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	3,047,000
Buildings and Improvements	17,821,000
Costs Capitalized Subsequent to Acquisition	(512,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,728,000
Buildings and Improvements	17,628,000
Total	20,356,000
Accumulated Depreciation	4,332,000
NBV	$ 16,024,000
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	871,000
Buildings and Improvements	23,162,000
Costs Capitalized Subsequent to Acquisition	(842,000)
Gross Amount Carried at Close of Period
Land and Improvements	813,000
Buildings and Improvements	22,378,000
Total	23,191,000
Accumulated Depreciation	4,665,000
NBV	$ 18,526,000
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	1,221,000
Buildings and Improvements	29,626,000
Costs Capitalized Subsequent to Acquisition	(1,895,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,107,000
Buildings and Improvements	27,845,000
Total	28,952,000
Accumulated Depreciation	5,713,000
NBV	$ 23,239,000
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	796,000
Buildings and Improvements	24,577,000
Costs Capitalized Subsequent to Acquisition	(932,000)
Gross Amount Carried at Close of Period
Land and Improvements	732,000
Buildings and Improvements	23,709,000
Total	24,441,000
Accumulated Depreciation	5,124,000
NBV	$ 19,317,000
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	2,515,000
Buildings and Improvements	35,602,000
Costs Capitalized Subsequent to Acquisition	(2,128,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,279,000
Buildings and Improvements	33,710,000
Total	35,989,000
Accumulated Depreciation	6,613,000
NBV	$ 29,376,000
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	7,560,000
Buildings and Improvements	50,744,000
Costs Capitalized Subsequent to Acquisition	(4,488,000)
Gross Amount Carried at Close of Period
Land and Improvements	6,788,000
Buildings and Improvements	47,028,000
Total	53,816,000
Accumulated Depreciation	8,789,000
NBV	$ 45,027,000
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	1,799,000
Buildings and Improvements	34,633,000
Costs Capitalized Subsequent to Acquisition	(2,280,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,610,000
Buildings and Improvements	32,542,000
Total	34,152,000
Accumulated Depreciation	6,482,000
NBV	$ 27,670,000
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	2,221,000
Buildings and Improvements	36,272,000
Costs Capitalized Subsequent to Acquisition	(2,300,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,055,000
Buildings and Improvements	34,138,000
Total	36,193,000
Accumulated Depreciation	6,759,000
NBV	$ 29,434,000
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	1,778,000
Buildings and Improvements	33,922,000
Costs Capitalized Subsequent to Acquisition	(2,049,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,652,000
Buildings and Improvements	31,999,000
Total	33,651,000
Accumulated Depreciation	6,564,000
NBV	$ 27,087,000
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	1,587,000
Buildings and Improvements	37,243,000
Costs Capitalized Subsequent to Acquisition	(1,721,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,636,000
Buildings and Improvements	35,473,000
Total	37,109,000
Accumulated Depreciation	6,892,000
NBV	$ 30,217,000
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	1,414,000
Buildings and Improvements	29,439,000
Costs Capitalized Subsequent to Acquisition	(2,079,000)
Gross Amount Carried at Close of Period
Land and Improvements	1,266,000
Buildings and Improvements	27,508,000
Total	28,774,000
Accumulated Depreciation	5,504,000
NBV	$ 23,270,000
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	2,485,000
Buildings and Improvements	33,747,000
Costs Capitalized Subsequent to Acquisition	(2,073,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,232,000
Buildings and Improvements	31,927,000
Total	34,159,000
Accumulated Depreciation	6,515,000
NBV	$ 27,644,000
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	8,214,000
Buildings and Improvements	24,056,000
Costs Capitalized Subsequent to Acquisition	(1,676,000)
Gross Amount Carried at Close of Period
Land and Improvements	7,354,000
Buildings and Improvements	23,240,000
Total	30,594,000
Accumulated Depreciation	5,166,000
NBV	$ 25,428,000
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	2,965,000
Buildings and Improvements	39,206,000
Costs Capitalized Subsequent to Acquisition	(3,211,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,726,000
Buildings and Improvements	36,234,000
Total	38,960,000
Accumulated Depreciation	7,161,000
NBV	$ 31,799,000
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	1,995,000
Buildings and Improvements	10,926,000
Costs Capitalized Subsequent to Acquisition	1,128,000
Gross Amount Carried at Close of Period
Land and Improvements	1,845,000
Buildings and Improvements	12,204,000
Total	14,049,000
Accumulated Depreciation	3,244,000
NBV	$ 10,805,000
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	2,173,000
Buildings and Improvements	31,791,000
Costs Capitalized Subsequent to Acquisition	(2,115,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,053,000
Buildings and Improvements	29,796,000
Total	31,849,000
Accumulated Depreciation	6,067,000
NBV	$ 25,782,000
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	3,018,000
Buildings and Improvements	34,109,000
Costs Capitalized Subsequent to Acquisition	(2,387,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,716,000
Buildings and Improvements	32,024,000
Total	34,740,000
Accumulated Depreciation	6,399,000
NBV	$ 28,341,000
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	2,611,000
Buildings and Improvements	32,729,000
Costs Capitalized Subsequent to Acquisition	(1,873,000)
Gross Amount Carried at Close of Period
Land and Improvements	2,405,000
Buildings and Improvements	31,062,000
Total	33,467,000
Accumulated Depreciation	6,218,000
NBV	$ 27,249,000
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	1,320,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	1,320,000
Buildings and Improvements	0
Total	1,320,000
Accumulated Depreciation	0
NBV	1,320,000
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	233,000
Costs Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period
Land and Improvements	0
Buildings and Improvements	233,000
Total	233,000
Accumulated Depreciation	0
NBV	$ 233,000
Ohio \| First Mortgages \| Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021
Real Estate and Accumulated Depreciation
Number of RE Assets \| loan	1

Schedule IV - Real Estate Mor_2

Schedule IV - Real Estate Mortgage Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Monthly Debt Service	$ 3,056
Face Value	644,907
Net Book Value	642,218	$ 427,117	$ 565,875	$ 634,201
Prior Liens	$ 1,069,915
First Mortgages \| Ohio
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Maturity Date	Oct. 1, 2021
Monthly Debt Service	$ 568
Face Value	78,448
Net Book Value	78,448
Prior Liens	$ 0
First Mortgages \| Texas
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Maturity Date	Jan. 31, 2029
Monthly Debt Service	$ 12
Face Value	1,900
Net Book Value	1,900
Prior Liens	$ 0
Mezzanine Loans \| Multiple
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	156
Interest Rate	8.16%
Maturity Date	Jun. 9, 2021
Monthly Debt Service	$ 2,005
Face Value	489,752
Net Book Value	487,246
Prior Liens	$ 1,024,482
Construction Loans \| Colorado
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
Interest Rate	8.75%
Maturity Date	Nov. 1, 2021
Monthly Debt Service	$ 437
Face Value	59,043
Net Book Value	58,860
Prior Liens	$ 0
Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021 \| First Mortgages \| Ohio
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
Interest Rate	8.88%
Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021 \| First Mortgages \| Texas
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
Interest Rate	7.21%
Mezzanine California loan 1 \| Mezzanine Loans \| CALIFORNIA
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
Interest Rate	7.76%
Maturity Date	Aug. 29, 2024
Monthly Debt Service	$ 14
Face Value	6,428
Net Book Value	6,428
Prior Liens	$ 34,252
Mezzanine California loan 2 \| Mezzanine Loans \| CALIFORNIA
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
Interest Rate	7.76%
Maturity Date	Aug. 29, 2024
Monthly Debt Service	$ 20
Face Value	9,336
Net Book Value	9,336
Prior Liens	$ 11,181

Schedule IV - Real Estate Mor_3

Schedule IV - Real Estate Mortgage Loans (Mortgage Loan Reconciliation) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Effect of Foreign Currency Translation	$ (7,790)	$ 0	$ 0
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Beginning Balance	427,117	565,875	634,201
New loans	1,234,244	9,900	0
Construction draws	0	0	0
Total additions	1,234,244	9,900	0
Principal repayments	(1,011,353)	(148,658)	(68,326)
Total deductions	(1,011,353)	(148,658)	(68,326)
Ending Balance	642,218	$ 427,117	$ 565,875
Ohio \| First Mortgages
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Ending Balance	$ 78,448
Ohio \| First Mortgages \| Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
Texas \| First Mortgages
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Ending Balance	$ 1,900
Texas \| First Mortgages \| Mortgage Loans On Real Estate, Ohion Fixed Rate Loans Due 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
Multiple \| Mezzanine Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	156
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Ending Balance	$ 487,246
CALIFORNIA \| Mezzanine Loans \| Mezzanine California loan 1
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Ending Balance	$ 6,428
CALIFORNIA \| Mezzanine Loans \| Mezzanine California loan 2
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Ending Balance	$ 9,336
Colorado \| Construction Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of RE Assets \| loan	1
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Ending Balance	$ 58,860