filings.toolsItem 2. Properties
10K characters. Original on sec.gov ·
Item 2. Properties
Seniors Housing and Healthcare Properties
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. We believe that maintaining a balanced portfolio of high-quality assets diversified by investment type, geographic location, asset type, tenant/operator, revenue source and operating model makes us less susceptible to single-state regulatory or reimbursement changes, regional climate events and local economic downturns and diminishes the risk that any single factor or event could materially harm our business.
As of December 31, 2019, we had $2.0 billion aggregate principal amount of mortgage loan indebtedness outstanding, secured by 84 of our properties. Excluding those portions attributed to our joint venture partners, our share of mortgage loan indebtedness outstanding was $1.8 billion.
The following table provides additional information regarding the geographic diversification of our portfolio of properties as of December 31, 2019 (excluding properties owned through investments in unconsolidated entities and properties classified as held for sale).
| Seniors Housing Communities | SNFs | MOBs | Research and Innovation Centers | IRFs and LTACs | Health Systems | ||||||||||||||||||||||||||||||
| Geographic Location | # of Properties | Units | # of Properties | Licensed Beds | # of Properties | Square Feet**(1)** | # of Properties | Square Feet**(1)** | # of Properties | Licensed Beds | # of Properties | Licensed Beds | |||||||||||||||||||||||
| Alabama | 5 | 324 | — | — | 4 | 469 | — | — | — | — | — | — | |||||||||||||||||||||||
| Arizona | 27 | 2,316 | — | — | 15 | 962 | — | — | 1 | 60 | — | — | |||||||||||||||||||||||
| Arkansas | 4 | 302 | — | — | 1 | 5 | — | — | — | — | — | — | |||||||||||||||||||||||
| California | 81 | 9,048 | — | — | 29 | 2,371 | — | — | 6 | 503 | — | — | |||||||||||||||||||||||
| Colorado | 15 | 1,257 | 1 | 82 | 13 | 896 | — | — | 1 | 68 | — | — | |||||||||||||||||||||||
| Connecticut | 13 | 1,587 | — | — | — | — | 2 | 1,033 | — | — | — | — | |||||||||||||||||||||||
| District of Columbia | — | — | — | — | 2 | 102 | — | — | — | — | — | — | |||||||||||||||||||||||
| Florida | 44 | 4,181 | — | — | 11 | 223 | 1 | 252 | 6 | 508 | — | — | |||||||||||||||||||||||
| Georgia | 18 | 1,635 | — | — | 14 | 1,201 | — | — | — | — | — | — | |||||||||||||||||||||||
| Idaho | 1 | 70 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| Illinois | 25 | 2,955 | 1 | 82 | 36 | 1,447 | 1 | 129 | 4 | 430 | — | — | |||||||||||||||||||||||
| Indiana | 5 | 402 | — | — | 23 | 1,602 | — | — | 1 | 59 | — | — | |||||||||||||||||||||||
| Kansas | 8 | 515 | — | — | 1 | 33 | — | — | — | — | — | — | |||||||||||||||||||||||
| Kentucky | 9 | 805 | — | — | 4 | 173 | — | — | 1 | 384 | — | — | |||||||||||||||||||||||
| Louisiana | 1 | 58 | — | — | 5 | 362 | — | — | — | — | — | — | |||||||||||||||||||||||
| Maine | 6 | 452 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| Maryland | 5 | 352 | — | — | 2 | 83 | 5 | 467 | — | — | — | — | |||||||||||||||||||||||
| Massachusetts | 15 | 1,789 | — | — | — | — | 1 | 78 | — | — | — | — | |||||||||||||||||||||||
| Michigan | 21 | 1,345 | — | — | 13 | 589 | — | — | — | — | — | — | |||||||||||||||||||||||
| Minnesota | 14 | 856 | — | — | 4 | 241 | — | — | — | — | — | — | |||||||||||||||||||||||
| Mississippi | — | — | — | — | 1 | 51 | — | — | — | — | — | — | |||||||||||||||||||||||
| Missouri | 2 | 154 | — | — | 21 | 1,167 | 5 | 818 | 1 | 60 | — | — | |||||||||||||||||||||||
| Montana | 3 | 222 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| Nebraska | 1 | 133 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| Nevada | 3 | 326 | — | — | 5 | 416 | — | — | 1 | 52 | — | — | |||||||||||||||||||||||
| New Hampshire | 1 | 126 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| New Jersey | 12 | 1,137 | 1 | 153 | 3 | 37 | — | — | — | — | — | — | |||||||||||||||||||||||
| New Mexico | 4 | 451 | — | — | — | — | — | — | 2 | 123 | 4 | 544 | |||||||||||||||||||||||
| New York | 40 | 4,639 | — | — | 4 | 244 | — | — | — | — | — | — | |||||||||||||||||||||||
| North Carolina | 22 | 1,314 | — | — | 17 | 831 | 8 | 1,538 | 1 | 124 | — | — | |||||||||||||||||||||||
| North Dakota | 2 | 115 | — | — | 1 | 114 | — | — | — | — | — | — | |||||||||||||||||||||||
| Ohio | 19 | 1,194 | — | — | 28 | 1,225 | — | — | 1 | 50 | — | — | |||||||||||||||||||||||
| Oklahoma | 7 | 439 | — | — | 1 | 80 | — | — | — | — | 4 | 954 | |||||||||||||||||||||||
| Oregon | 29 | 2,583 | — | — | 1 | 105 | — | — | — | — | — | — | |||||||||||||||||||||||
| Pennsylvania | 30 | 2,201 | 4 | 620 | 9 | 713 | 5 | 953 | 1 | 52 | — | — | |||||||||||||||||||||||
| Rhode Island | 4 | 399 | — | — | — | — | 3 | 580 | — | — | — | — | |||||||||||||||||||||||
| South Carolina | 6 | 433 | — | — | 20 | 1,092 | — | — | — | — | — | — | |||||||||||||||||||||||
| South Dakota | 4 | 182 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| Tennessee | 18 | 1,400 | — | — | 7 | 278 | — | — | 1 | 49 | — | — | |||||||||||||||||||||||
| Texas | 45 | 3,578 | — | — | 16 | 837 | — | — | 9 | 584 | 1 | 445 | |||||||||||||||||||||||
| Utah | 3 | 321 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| Virginia | 8 | 655 | — | — | 5 | 231 | 3 | 453 | — | — | — | — | |||||||||||||||||||||||
| Washington | 23 | 2,230 | 5 | 469 | 10 | 579 | — | — | — | — | — | — | |||||||||||||||||||||||
| West Virginia | 2 | 124 | 4 | 326 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| Wisconsin | 45 | 2,218 | — | — | 21 | 1,105 | — | — | — | — | — | — | |||||||||||||||||||||||
| Wyoming | 2 | 169 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| Total U.S. | 652 | 56,992 | 16 | 1,732 | 347 | 19,864 | 34 | 6,301 | 37 | 3,106 | 9 | 1,943 | |||||||||||||||||||||||
| Canada | 70 | 12,865 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||
| United Kingdom | 12 | 776 | — | — | — | — | — | — | — | — | 3 | 121 | |||||||||||||||||||||||
| Total | 734 | 70,633 | 16 | 1,732 | 347 | 19,864 | 34 | 6,301 | 37 | 3,106 | 12 | 2,064 |
| (1) | Square Feet are in thousands |
Corporate Offices
Our headquarters are located in Chicago, Illinois and we have an additional corporate office in Louisville, Kentucky. We lease all of our corporate offices.
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