Equity in Earnings and Return on Investments in Unconsolidated Senior Living Properties
Minority investments producing solid returns
- Nearly all new development and acquisition activity through joint ventures
- 152 communities held in joint ventures
- $128M balance sheet value of investments in unconsolidated senior living properties
- Target 15% annual return
- Participate in community earnings (and losses) based on percentage ownership
- Additional distributions received for exceeding performance thresholds