Annual report pursuant to Section 13 and 15(d)

Financial Statement Schedule

v3.8.0.1
Financial Statement Schedule
 12 Months Ended
Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Text Block]
SCHEDULE III
CONSOLIDATED REAL ESTATE AND ACCUMULATED DEPRECIATION
(dollars in thousands)
 
 
 
 
 
Gross Amount Carried at December 31, 20171
 
 
 
 
 
 
 
 
 
 
 
 
Description
 
Encum-
brances
 
Land and
Improvements
 
Buildings and
Improvements
 
Intangible
Assets, Gross
 
Total
 
Accumulated
Depreciation
at 12/31/17
 
Year Built /
Renovated
 
Year
Acquired
 
Life on
Which
Depreciation
in Income
Statement is
Computed
 
Omaha-LTAC
 
(4)
 
$
-
 
$
21,867
 
$
-
 
$
21,867
 
$
1,952
 
 
2008
 
 
2014
 
(1)
 
Asheville-ASC
 
(4)
 
 
572
 
 
1,934
 
 
-
 
 
2,506
 
 
159
 
 
1981/2002
 
 
2014
 
(1)
 
Pittsburgh-MOB/ASC
 
(5)
 
 
1,287
 
 
10,322
 
 
-
 
 
11,609
 
 
585
 
 
2006
 
 
2015
 
(1)
 
Memphis-MOB/ASC
 
(6)(7)
 
 
2,705
 
 
17,451
 
 
-
 
 
20,156
 
 
874
 
 
(9)
 
 
2015
 
(1)
 
Plano-Surgical Hospital
 
(6)
 
 
1,050
 
 
16,696
 
 
-
 
 
17,746
 
 
804
 
 
2013
 
 
2016
 
(1)
 
Westland-MOB/ASC
 
(6)
 
 
230
 
 
4,520
 
 
-
 
 
4,750
 
 
198
 
 
1974/2002/2009
 
 
2016
 
(1)
 
Melbourne-MOB/Imaging
 
(6)
 
 
1,200
 
 
14,250
 
 
-
 
 
15,450
 
 
624
 
 
1994/2005
 
 
2016
 
(1)
 
Reading-MOB/ASC
 
(4)
 
 
1,440
 
 
7,940
 
 
-
 
 
9,380
 
 
287
 
 
1992/2001/2008
 
 
2016
 
(1)
 
East Orange-MOB
 
(4)
 
 
2,150
 
 
10,112
 
 
-
 
 
12,262
 
 
318
 
 
1996
 
 
2016
 
(1)
 
Watertown- MOB/Imaging
 
(4)
 
 
1,100
 
 
8,002
 
 
-
 
 
9,102
 
 
251
 
 
2011
 
 
2016
 
(1)
 
Sandusky-MOB
 
(4)(7)
 
 
791
 
 
10,710
 
 
-
 
 
11,501
 
 
278
 
 
1999/2015/2016/2017
 
 
2016/2017
 
(1)
 
Carson City-MOB
 
(4)
 
 
760
 
 
3,268
 
 
-
 
 
4,028
 
 
96
 
 
1991
 
 
2016
 
(1)
 
Ellijay-MOB
 
(4)
 
 
914
 
 
3,337
 
 
870
 
 
5,121
 
 
231
 
 
2005/2012/2015
 
 
2016
 
(1)(2)(3)
 
Altoona-IRF
 
(4)
 
 
1,184
 
 
18,505
 
 
1,856
 
 
21,545
 
 
991
 
 
1986
 
 
2016
 
(1)(2)(3)
 
Mechanicsburg-IRF
 
(4)
 
 
810
 
 
21,451
 
 
1,996
 
 
24,257
 
 
1,097
 
 
1986
 
 
2016
 
(1)(2)(3)
 
Mesa-IRF
 
(4)
 
 
3,620
 
 
16,265
 
 
2,465
 
 
22,350
 
 
872
 
 
2009
 
 
2016
 
(1)(2)(3)
 
Lewisburg-MOB/Imaging
 
(4)
 
 
681
 
 
6,114
 
 
505
 
 
7,300
 
 
310
 
 
2006
 
 
2017
 
(1)(2)(3)
 
Cape Coral-MOB
 
(4)
 
 
353
 
 
7,017
 
 
-
 
 
7,370
 
 
134
 
 
2007
 
 
2017
 
(1)
 
Las Cruces-MOB
 
(4)
 
 
397
 
 
4,618
 
 
-
 
 
5,015
 
 
121
 
 
1987/1992/2012
 
 
2017
 
(1)
 
Prescott-MOB
 
(4)
 
 
791
 
 
3,821
 
 
-
 
 
4,612
 
 
68
 
 
2016
 
 
2017
 
(1)
 
Clermont-MOB
 
(4)
 
 
145
 
 
4,422
 
 
868
 
 
5,435
 
 
149
 
 
2014
 
 
2017
 
(1)(2)(3)
 
Great Bend-Hospital
 
(4)
 
 
837
 
 
23,801
 
 
-
 
 
24,638
 
 
512
 
 
2001
 
 
2017
 
(1)
 
Oklahoma City-Hospital/ASC
 
(4)
 
 
2,953
 
 
38,724
 
 
7,823
 
 
49,500
 
 
1,232
 
 
2002
 
 
2017
 
(1)(2)(3)
 
Brockport-MOB
 
(4)
 
 
693
 
 
7,097
 
 
1,295
 
 
9,085
 
 
172
 
 
2011
 
 
2017
 
(1)(2)(3)
 
Flower Mound-ASC
 
(4)
 
 
730
 
 
3,155
 
 
407
 
 
4,292
 
 
77
 
 
2014
 
 
2017
 
(1)(2)(3)
 
Sherman-IRF/LTAC
 
(4)
 
 
1,601
 
 
25,011
 
 
-
 
 
26,612
 
 
299
 
 
2009
 
 
2017
 
(1)
 
Lubbock-MOB
 
(4)
 
 
1,566
 
 
5,725
 
 
908
 
 
8,199
 
 
112
 
 
2004
 
 
2017
 
(1)(2)(3)
 
Germantown-MOB/ASC
 
(4)
 
 
3,050
 
 
8,385
 
 
4,505
 
 
15,940
 
 
341
 
 
2002
 
 
2017
 
(1)(2)(3)
 
Austin-Rehab Hospital
 
(4)
 
 
7,223
 
 
29,616
 
 
3,811
 
 
40,650
 
 
311
 
 
2012
 
 
2017
 
(1)(2)(3)
 
Fort Worth-MOB
 
(4)
 
 
1,738
 
 
3,726
 
 
786
 
 
6,250
 
 
29
 
 
2016
 
 
2017
 
(1)(2)(3)
 
Albertville-MOB
 
(4)
 
 
1,154
 
 
4,444
 
 
1,202
 
 
6,800
 
 
48
 
 
2007
 
 
2017
 
(1)(2)(3)
 
Moline-MOB/ASC
 
(4)
 
 
854
 
 
9,237
 
 
1,916
 
 
12,007
 
 
62
 
 
1994/2004
 
 
2017
 
(1)(2)(3)
 
Lee’s Summit-MOB
 
(8)
 
 
571
 
 
2,929
 
 
437
 
 
3,937
 
 
-
 
 
2007
 
 
2017
 
(1)(2)(3)
 
Amarillo-MOB
 
(8)
 
 
1,437
 
 
7,254
 
 
-
 
 
8,691
 
 
-
 
 
2011
 
 
2017
 
(1)
 
Wyomissing-MOB
 
(8)
 
 
487
 
 
5,250
 
 
-
 
 
5,737
 
 
-
 
 
2001/2004
 
 
2017
 
(1)
 
Saint George-MOB/ASC
 
(8)
 
 
435
 
 
5,372
 
 
-
 
 
5,807
 
 
-
 
 
1997
 
 
2017
 
(1)
 
Totals
 
 
 
$
47,509
 
$
392,348
 
$
31,650
 
$
471,507
 
$
13,594
 
 
 
 
 
 
 
 
 
 
1No costs have been capitalized subsequent to acquisition and therefore the gross amount that the investments are carried at December 31, 2017 represents their initial cost to the Company.
(1) Estimated useful life for buildings is 30 to 51 years.
(2) Estimated useful life for tenant improvements is 3 to 16 years.
(3) Estimated useful life for site improvements is 4 to 15 years.
(4) The facility serves as collateral for the Revolving Credit Facility, which had a balance of $164,900 as of December 31, 2017.
(5) The facility serves as collateral for the West Mifflin note, which had a balance of $7,378 as of December 31, 2017
(6) The facility serves as collateral for the Cantor Loan, which had a balance of $32,097 as of December 31, 2017.
(7) One facility did not serve as collateral as of December 31, 2017.
(8) Was not collateral under the Revolving Credit Facility as of December 31, 2017 but became collateral during the first quarter of 2018.
(9) Years of: 1984, 2001, 2003, 2006, 2009, 2011.
 
 
 
Year Ended December 31, 2017
 
 
 
2017
 
2016
 
2015
 
Real Estate Assets:
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
 
$
206,877
 
$
56,138
 
$
24,373
 
Additions through acquisitions
 
 
264,630
 
 
150,739
 
 
31,765
 
Deductions
 
 
-
 
 
-
 
 
-
 
Balance, end of period
 
$
471,507
 
$
206,877
 
$
56,138
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated Depreciation:
 
 
 
 
 
 
 
 
 
 
Balance, beginning of period
 
$
3,367
 
$
989
 
$
329
 
Additions through expense
 
 
10,227
 
 
2,378
 
 
660
 
Deductions
 
 
-
 
 
-
 
 
-
 
Balance, end of period
 
$
13,594
 
$
3,367
 
$
989