44 operating results our total revenue , net income available to common shareholders and funds from operations as adjusted ( `` ffoaa `` ) per diluted share are detailed below for the years ended december 31 , 2016 and 2015 ( in millions , except per share information ) : replace_table_token_16_th ( 1 ) total revenue for the year ended december 31 , 2016 , versus the year ended december 31 , 2015 , was favorably impacted by the effect of acquisitions and build-to-suit projects completed during 2016 and 2015 as well as $ 4.7 million in gains from insurance claims and a $ 3.6 million prepayment fee from the early payoff of a mortgage note secured by a public charter school property . ( 2 ) net income available to common shareholders per diluted share for the year ended december 31 , 2016 , versus the year ended december 31 , 2015 , was favorably impacted by the items impacting total revenue described above , as well as $ 18.6 million in retirement severance expense recognized in 2015 related to the retirement of our former chief executive officer . net income available to common shareholders per diluted share for the year ended december 31 , 2016 versus the year ended december 31 , 2015 , was unfavorably impacted b y an increase in interest expense ( including less capitalization ) and general and administrative expense , lower gains on sales in 2016 due to a larger theatre sale that occurred in 2015 , and an increase in common shares outstanding . ( 3 ) ffoaa per diluted share for the year ended december 31 , 2016 , versus the year ended december 31 , 2015 , was favorably impacted by the results of investment spending in 2015 and 2016 , a $ 3.6 million prepayment fee from the early payoff of a mortgage note secured by a public charter school property and $ 2.8 million in termination fees recognized with the exercise of tenant purchase options on two of our public charter school properties . ffoaa per diluted share for the year ended december 31 , 2016 , versus the year ended december 31 , 2015 , was unfavorably impacted by an increase in interest expense ( including less capitalization ) , an increase in general and administrative expense and an increase in common shares outstanding . ffoaa is a non-gaap financial measure . for the definitions and further details on the calculations of ffoaa and certain other non-gaap financial measures , see the section below titled `` funds from operations ( ffo ) , funds from operations as adjusted ( ffoaa ) and adjusted funds from operations ( affo ) . `` investment spending overview during 2016 , our total investment spending was $ 805.0 million compared to $ 632.0 million in the prior year with increases in our entertainment and education segments , offset by a decrease in our recreation and other segments . during 2016 , our investment spending in our entertainment segment was $ 266.1 million compared to $ 106.1 million in the prior year . the current year included an acquisition of a six theatre portfolio as well as the acquisition of two megaplex theatres and a family entertainment center for a total of $ 148.4 million . we continued to have build-to-suit opportunities available for megaplex theatres and family entertainment centers at attractive terms with both existing and new tenants . additionally , many megaplex theatre operators are pursuing the renovation of theatres to include enhanced amenities such as luxury seating and expanded food and beverage offerings . this trend has provided us with redevelopment opportunities and is expected to continue to provide redevelopment and build-to-suit opportunities for us in the future . during 2016 , our investment spending in our education segment was $ 338.7 million compared to $ 272.9 million in the prior year , and primarily included build-to-suit development of public charter schools , early childhood education centers and private schools . the current year also included an investment of $ 100.0 million in mortgage notes secured 45 by 20 early education centers and private schools . additionally , in the current year , we acquired four early education centers and a private school . during 2016 , we increased our investments in education and expect to continue to do so in the future . we also continued to significantly diversify our tenant base in public charter schools and early education centers , and as of year-end , we had 45 different public charter school operators and seven different early education operators . we expect to continue to expand our education tenant base in 2017. during 2016 , our investment spending in our recreation segment was $ 198.3 million compared to $ 241.2 million in the prior year , and primarily related to spending on build-to-suit golf entertainment complexes . additionally , we invested in a mortgage note secured by a ski area and redevelopment of one of our ski areas . as discussed in `` recent developments , `` we anticipate the proposed transaction with cnl lifestyle properties , inc. will increase our investments in this segment in 2017. during 2016 , our investment spending in our other segment was $ 1.9 million compared to $ 11.8 million in prior year , and related to the adelaar casino and resort project in sullivan county , new york . critical accounting policies the preparation of financial statements in conformity with accounting principles generally accepted in the united states ( “ gaap ” ) requires management to make estimates and assumptions in certain circumstances that affect amounts reported in the accompanying consolidated financial statements and related notes . in preparing these financial statements , management has made its best estimates and assumptions that affect the reported assets and liabilities . story_separator_special_tag on april 22 , 2016 , we received prepayment in full on one mortgage note receivable of $ 44.3 million that was secured by an entertainment retail center located in north carolina . in conjunction with this payoff , we wrote off $ 335 thousand of prepaid mortgage fees to costs associated with loan refinancing or payoff . proposed cnl lifestyle properties , inc. transaction on november 2 , 2016 , the company and ski resort holdings llc ( `` srh `` ) , an entity owned by funds affiliated with och-ziff real estate , entered into a purchase and sale agreement with cnl lifestyle properties , inc. ( `` cnl `` ) , clp partners , lp , cnl 's operating partnership , and certain cnl subsidiaries . the agreement provides for our acquisition of the northstar california ski resort , 15 attraction properties ( waterparks and amusement parks ) and five small family entertainment centers for aggregate consideration valued at approximately $ 456.0 million . we anticipate earning an average initial cash yield of 9.35 % on our purchase of the northstar california ski resort and the attraction properties , based on leases currently in place or expected to be in place at the time of closing . additionally , we have agreed to provide approximately $ 244.0 million of five-year secured debt financing to srh for the purchase of 14 cnl ski properties valued at approximately $ 374.0 million . this debt financing will be secured by mortgages on all of the assets being acquired by srh . our aggregate investment in this transaction is projected to be valued at approximately $ 700.0 million and is expected to be funded with approximately $ 647.0 million of our common shares and $ 53.0 million of cash before pro-rations , transaction costs and closing adjustments , a portion of which is expected to be included in the secured debt financing to srh . we expect to borrow an estimated $ 62.0 million ( the estimated $ 53.0 million cash purchase price plus an estimated $ 9.0 million in transaction costs ) under our unsecured revolving credit facility at closing . additionally , we 50 have also agreed to fund 65 % of pre-approved , future property improvements with such advances capped at $ 52.0 million . all srh financing will bear interest at 8.5 % . the company 's common share consideration is subject to a two-way collar between $ 68.25 and $ 82.63 per share . if the company 's volume weighted average share price over the ten trading days ending on the second trading day prior to close ( the `` average epr share price `` ) increases between the signing of the agreement and the closing , cnl will receive fewer shares until the average epr share price reaches $ 82.63 , at which point the number of shares will be fixed at approximately 7.8 million . conversely , if the company 's share price decreases between signing and closing , cnl will receive more shares until the average epr share price reaches $ 68.25 , at which point the number of shares will be fixed at approximately 9.5 million . post-transaction , cnl will own between approximately 11 % and 13 % of the company 's pro forma common shares outstanding before distributing the shares to the cnl stockholders ( based upon the company 's issued and outstanding common shares as of december 31 , 2016 ) . the cnl transaction is subject to customary closing conditions , including the approval of the transaction by stockholders holding a majority of the outstanding shares of common stock of cnl and various third party consents and governmental permits . it is anticipated that this transaction will close in the second quarter of 2017 ; however , there can be no assurances as to the actual closing or the timing of the closing . in addition , the company and srh , on a joint and several basis , will be required to pay a reverse termination fee of $ 60.0 million plus reimbursement of expenses incurred after june 10 , 2016 ( up to $ 10.0 million ) to cnl if the purchase and sale agreement is terminated because the company and srh fail to close the transaction as required under the agreement after the conditions to the obligations to close have been satisfied or waived . results of operations year ended december 31 , 2016 compared to year ended december 31 , 2015 rental revenue was $ 399.6 million for the year ended december 31 , 2016 compared to $ 330.9 million for the year ended december 31 , 2015 . rental revenue increased $ 68.7 million from the prior period , of which $ 65.3 million was related to property acquisitions and developments completed in 2016 and 2015 , as well as an increase of $ 3.4 million in rental revenue on existing properties , partially offset by the impact of a weaker canadian exchange rate and property dispositions . percentage rents of $ 4.7 million and $ 3.0 million were recognized during the years ended december 31 , 2016 and 2015 , respectively . straight-line rents of $ 17.0 million and $ 12.2 million were recognized during the years ended december 31 , 2016 and 2015 , respectively . during the year ended december 31 , 2016 , we experienced a decrease of approximately 0.5 % in rental rates on approximately 1.3 million square feet with respect to 17 lease renewals . additionally , we have funded or have agreed to fund a weighted average of $ 31.42 per square foot in tenant improvements . there were no leasing commissions related to these renewals . tenant reimbursements totaled $ 15.6 million for the year ended december 31 , 2016 compared to $ 16.3 million for the year ended december 31 , 2015 . these tenant reimbursements related to the operations of our entertainment retail

liquidity requirements at december 31 , 2016 consisted primarily of maturities of debt . contractual obligations as of december 31 , 2016 are as follows ( in thousands ) : replace_table_token_18_th commitments as of december 31 , 2016 , we had an aggregate of approximately $ 313.7 million of commitments to fund development projects including 20 entertainment development projects for which we have commitments to fund approximately $ 82.3 million , 20 education development projects for which we have commitments to fund approximately $ 126.1 million of additional improvements and seven recreation development projects for which we have commitments to fund approximately $ 105.3 million . of these amounts , approximately $ 263.2 million is expected to be funded in 2017. development costs are advanced by us in periodic draws . if we determine that construction is not being completed in accordance with the terms of the development agreements , we can discontinue funding construction draws . we have agreed to lease the properties to the operators at pre-determined rates upon completion of construction . additionally , as of december 31 , 2016 , we had a commitment to fund approximately $ 155.0 million over the next three years , of which $ 1.7 million has been funded , to complete an indoor waterpark hotel and adventure park at our casino and resort project in sullivan county , new york . we are also responsible for the construction of this project 's common infrastructure . in june 2016 , the sullivan county infrastructure local development corporation issued $ 110.0 million of series 2016 revenue bonds , which is expected to fund a substantial portion of such construction costs . we received an initial reimbursement of $ 43.4 million of construction costs and expect to receive an additional $ 44.9 million of reimbursements over the balance of the construction period . construction of infrastructure improvements is expected to be completed in 2018. we have certain commitments related to our mortgage note investments that we may be required to fund in the future .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity requirements at december 31 , 2016 consisted primarily of maturities of debt . contractual obligations as of december 31 , 2016 are as follows ( in thousands ) : replace_table_token_18_th commitments as of december 31 , 2016 , we had an aggregate of approximately $ 313.7 million of commitments to fund development projects including 20 entertainment development projects for which we have commitments to fund approximately $ 82.3 million , 20 education development projects for which we have commitments to fund approximately $ 126.1 million of additional improvements and seven recreation development projects for which we have commitments to fund approximately $ 105.3 million . of these amounts , approximately $ 263.2 million is expected to be funded in 2017. development costs are advanced by us in periodic draws . if we determine that construction is not being completed in accordance with the terms of the development agreements , we can discontinue funding construction draws . we have agreed to lease the properties to the operators at pre-determined rates upon completion of construction . additionally , as of december 31 , 2016 , we had a commitment to fund approximately $ 155.0 million over the next three years , of which $ 1.7 million has been funded , to complete an indoor waterpark hotel and adventure park at our casino and resort project in sullivan county , new york . we are also responsible for the construction of this project 's common infrastructure . in june 2016 , the sullivan county infrastructure local development corporation issued $ 110.0 million of series 2016 revenue bonds , which is expected to fund a substantial portion of such construction costs . we received an initial reimbursement of $ 43.4 million of construction costs and expect to receive an additional $ 44.9 million of reimbursements over the balance of the construction period . construction of infrastructure improvements is expected to be completed in 2018. we have certain commitments related to our mortgage note investments that we may be required to fund in the future .
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 Suspicious Activity Report : 44 operating results our total revenue , net income available to common shareholders and funds from operations as adjusted ( `` ffoaa `` ) per diluted share are detailed below for the years ended december 31 , 2016 and 2015 ( in millions , except per share information ) : replace_table_token_16_th ( 1 ) total revenue for the year ended december 31 , 2016 , versus the year ended december 31 , 2015 , was favorably impacted by the effect of acquisitions and build-to-suit projects completed during 2016 and 2015 as well as $ 4.7 million in gains from insurance claims and a $ 3.6 million prepayment fee from the early payoff of a mortgage note secured by a public charter school property . ( 2 ) net income available to common shareholders per diluted share for the year ended december 31 , 2016 , versus the year ended december 31 , 2015 , was favorably impacted by the items impacting total revenue described above , as well as $ 18.6 million in retirement severance expense recognized in 2015 related to the retirement of our former chief executive officer . net income available to common shareholders per diluted share for the year ended december 31 , 2016 versus the year ended december 31 , 2015 , was unfavorably impacted b y an increase in interest expense ( including less capitalization ) and general and administrative expense , lower gains on sales in 2016 due to a larger theatre sale that occurred in 2015 , and an increase in common shares outstanding . ( 3 ) ffoaa per diluted share for the year ended december 31 , 2016 , versus the year ended december 31 , 2015 , was favorably impacted by the results of investment spending in 2015 and 2016 , a $ 3.6 million prepayment fee from the early payoff of a mortgage note secured by a public charter school property and $ 2.8 million in termination fees recognized with the exercise of tenant purchase options on two of our public charter school properties . ffoaa per diluted share for the year ended december 31 , 2016 , versus the year ended december 31 , 2015 , was unfavorably impacted by an increase in interest expense ( including less capitalization ) , an increase in general and administrative expense and an increase in common shares outstanding . ffoaa is a non-gaap financial measure . for the definitions and further details on the calculations of ffoaa and certain other non-gaap financial measures , see the section below titled `` funds from operations ( ffo ) , funds from operations as adjusted ( ffoaa ) and adjusted funds from operations ( affo ) . `` investment spending overview during 2016 , our total investment spending was $ 805.0 million compared to $ 632.0 million in the prior year with increases in our entertainment and education segments , offset by a decrease in our recreation and other segments . during 2016 , our investment spending in our entertainment segment was $ 266.1 million compared to $ 106.1 million in the prior year . the current year included an acquisition of a six theatre portfolio as well as the acquisition of two megaplex theatres and a family entertainment center for a total of $ 148.4 million . we continued to have build-to-suit opportunities available for megaplex theatres and family entertainment centers at attractive terms with both existing and new tenants . additionally , many megaplex theatre operators are pursuing the renovation of theatres to include enhanced amenities such as luxury seating and expanded food and beverage offerings . this trend has provided us with redevelopment opportunities and is expected to continue to provide redevelopment and build-to-suit opportunities for us in the future . during 2016 , our investment spending in our education segment was $ 338.7 million compared to $ 272.9 million in the prior year , and primarily included build-to-suit development of public charter schools , early childhood education centers and private schools . the current year also included an investment of $ 100.0 million in mortgage notes secured 45 by 20 early education centers and private schools . additionally , in the current year , we acquired four early education centers and a private school . during 2016 , we increased our investments in education and expect to continue to do so in the future . we also continued to significantly diversify our tenant base in public charter schools and early education centers , and as of year-end , we had 45 different public charter school operators and seven different early education operators . we expect to continue to expand our education tenant base in 2017. during 2016 , our investment spending in our recreation segment was $ 198.3 million compared to $ 241.2 million in the prior year , and primarily related to spending on build-to-suit golf entertainment complexes . additionally , we invested in a mortgage note secured by a ski area and redevelopment of one of our ski areas . as discussed in `` recent developments , `` we anticipate the proposed transaction with cnl lifestyle properties , inc. will increase our investments in this segment in 2017. during 2016 , our investment spending in our other segment was $ 1.9 million compared to $ 11.8 million in prior year , and related to the adelaar casino and resort project in sullivan county , new york . critical accounting policies the preparation of financial statements in conformity with accounting principles generally accepted in the united states ( “ gaap ” ) requires management to make estimates and assumptions in certain circumstances that affect amounts reported in the accompanying consolidated financial statements and related notes . in preparing these financial statements , management has made its best estimates and assumptions that affect the reported assets and liabilities . story_separator_special_tag on april 22 , 2016 , we received prepayment in full on one mortgage note receivable of $ 44.3 million that was secured by an entertainment retail center located in north carolina . in conjunction with this payoff , we wrote off $ 335 thousand of prepaid mortgage fees to costs associated with loan refinancing or payoff . proposed cnl lifestyle properties , inc. transaction on november 2 , 2016 , the company and ski resort holdings llc ( `` srh `` ) , an entity owned by funds affiliated with och-ziff real estate , entered into a purchase and sale agreement with cnl lifestyle properties , inc. ( `` cnl `` ) , clp partners , lp , cnl 's operating partnership , and certain cnl subsidiaries . the agreement provides for our acquisition of the northstar california ski resort , 15 attraction properties ( waterparks and amusement parks ) and five small family entertainment centers for aggregate consideration valued at approximately $ 456.0 million . we anticipate earning an average initial cash yield of 9.35 % on our purchase of the northstar california ski resort and the attraction properties , based on leases currently in place or expected to be in place at the time of closing . additionally , we have agreed to provide approximately $ 244.0 million of five-year secured debt financing to srh for the purchase of 14 cnl ski properties valued at approximately $ 374.0 million . this debt financing will be secured by mortgages on all of the assets being acquired by srh . our aggregate investment in this transaction is projected to be valued at approximately $ 700.0 million and is expected to be funded with approximately $ 647.0 million of our common shares and $ 53.0 million of cash before pro-rations , transaction costs and closing adjustments , a portion of which is expected to be included in the secured debt financing to srh . we expect to borrow an estimated $ 62.0 million ( the estimated $ 53.0 million cash purchase price plus an estimated $ 9.0 million in transaction costs ) under our unsecured revolving credit facility at closing . additionally , we 50 have also agreed to fund 65 % of pre-approved , future property improvements with such advances capped at $ 52.0 million . all srh financing will bear interest at 8.5 % . the company 's common share consideration is subject to a two-way collar between $ 68.25 and $ 82.63 per share . if the company 's volume weighted average share price over the ten trading days ending on the second trading day prior to close ( the `` average epr share price `` ) increases between the signing of the agreement and the closing , cnl will receive fewer shares until the average epr share price reaches $ 82.63 , at which point the number of shares will be fixed at approximately 7.8 million . conversely , if the company 's share price decreases between signing and closing , cnl will receive more shares until the average epr share price reaches $ 68.25 , at which point the number of shares will be fixed at approximately 9.5 million . post-transaction , cnl will own between approximately 11 % and 13 % of the company 's pro forma common shares outstanding before distributing the shares to the cnl stockholders ( based upon the company 's issued and outstanding common shares as of december 31 , 2016 ) . the cnl transaction is subject to customary closing conditions , including the approval of the transaction by stockholders holding a majority of the outstanding shares of common stock of cnl and various third party consents and governmental permits . it is anticipated that this transaction will close in the second quarter of 2017 ; however , there can be no assurances as to the actual closing or the timing of the closing . in addition , the company and srh , on a joint and several basis , will be required to pay a reverse termination fee of $ 60.0 million plus reimbursement of expenses incurred after june 10 , 2016 ( up to $ 10.0 million ) to cnl if the purchase and sale agreement is terminated because the company and srh fail to close the transaction as required under the agreement after the conditions to the obligations to close have been satisfied or waived . results of operations year ended december 31 , 2016 compared to year ended december 31 , 2015 rental revenue was $ 399.6 million for the year ended december 31 , 2016 compared to $ 330.9 million for the year ended december 31 , 2015 . rental revenue increased $ 68.7 million from the prior period , of which $ 65.3 million was related to property acquisitions and developments completed in 2016 and 2015 , as well as an increase of $ 3.4 million in rental revenue on existing properties , partially offset by the impact of a weaker canadian exchange rate and property dispositions . percentage rents of $ 4.7 million and $ 3.0 million were recognized during the years ended december 31 , 2016 and 2015 , respectively . straight-line rents of $ 17.0 million and $ 12.2 million were recognized during the years ended december 31 , 2016 and 2015 , respectively . during the year ended december 31 , 2016 , we experienced a decrease of approximately 0.5 % in rental rates on approximately 1.3 million square feet with respect to 17 lease renewals . additionally , we have funded or have agreed to fund a weighted average of $ 31.42 per square foot in tenant improvements . there were no leasing commissions related to these renewals . tenant reimbursements totaled $ 15.6 million for the year ended december 31 , 2016 compared to $ 16.3 million for the year ended december 31 , 2015 . these tenant reimbursements related to the operations of our entertainment retail

