HCP, INC. | 2013 | FY | 3

 
   Percentage of
Senior Housing Gross Assets		   Percentage of
Senior Housing Revenues		  
 
   December 31,   Year Ended December 31,  
Operators
  2013   2012   2013   2012   2011  

Emeritus Corporation ("Emeritus")(1)

     37     37     35     23     24  

Sunrise(2)

     17     18     13     16     19  

HCR ManorCare(3)

     11     11     10     11     10  

Brookdale Senior Living ("Brookdale")(4)

     11     11     12     14     22  


 

 
   Percentage of Post-Acute/
Skilled Nursing Gross Assets		   Percentage of Post-Acute/
Skilled Nursing Revenues		  
 
   December 31,   Year Ended December 31,  
Operators
  2013   2012   2013   2012   2011  

HCR ManorCare(3)

     89     90     83     91     85  

 
   Percentage of
Total Company Assets		   Percentage of
Total Company Revenues		  
 
   December 31,   Year Ended December 31,  
Operators
  2013   2012   2013   2012   2011  

HCR ManorCare(3)

     32     31     28     30     28  

Emeritus(1)

     14     14     13     8     7  

Sunrise(2)

     7     7     5     5     6  

Brookdale(4)

     4     4     4     5     7  
(1)
Percentage of total revenues from Emeritus for the year ended December 31, 2012 includes partial results for the Blackstone JV acquisition. Assuming that full-year results were included for this acquisition in the Company's 2012 revenues, the percentage of segment revenues and total revenues would be 37% and 12%, respectively.

(2)
Certain of the Company's properties are leased to tenants who have entered into management contracts with Sunrise to operate the respective property on their behalf. The Company's concentration of gross assets includes properties directly leased to Sunrise and properties that are managed by Sunrise on behalf of third party tenants.

(3)
On April 7, 2011, the Company completed the acquisition of HCR ManorCare's real estate assets, which included the settlement of the Company's HCR ManorCare debt investments, see Notes 3 and 7 for additional information.

(4)
Percentages do not include senior housing facilities that Brookdale operates on the Company's behalf under a RIDEA structure.

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