Annual report pursuant to Section 13 and 15(d)

SCHEDULE III-CONSOLIDATED REAL ESTATE AND ACCUMULATED DEPRECIATION

v3.22.4
SCHEDULE III-CONSOLIDATED REAL ESTATE AND ACCUMULATED DEPRECIATION
12 Months Ended
Dec. 31, 2022
SCHEDULE III-CONSOLIDATED REAL ESTATE AND ACCUMULATED DEPRECIATION  
SCHEDULE III-CONSOLIDATED REAL ESTATE AND ACCUMULATED DEPRECIATION

(a)(2)

Financial Statement Schedule

SCHEDULE III

CONSOLIDATED REAL ESTATE AND ACCUMULATED DEPRECIATION

(dollars and OP Units in thousands)

Costs Capitalized

Subsequent to

Initial Costs

Acquisition

Gross Value at Close of Period

    

    

    

    

    

    

    

    

Life on

Which

Depreciation

in Income

Encumb-

Land &

Building

Land &

Building

Land &

Building

Total

Acc Depr at

Year Built 

Year

Statement is

Description

    

rances

    

Improv

    

& Improv

    

Improv

    

& Improv

    

Improv

    

& Improv

    

Assets

    

12.31.22

    

/ Renov

    

Acquired

    

Computed

Omaha-LTACH

 

$

$

21,867

$

$

$

$

21,867

$

21,867

$

4,685

 

2008

 

2014

 

(1)

Asheville-ASC

 

 

572

 

1,934

 

 

 

572

 

1,934

 

2,506

 

401

 

2002

 

2014

 

(1)

Pittsburgh-MOB/ASC

 

 

1,287

 

10,322

 

 

 

1,287

 

10,322

 

11,609

 

1,876

 

2006

 

2015

 

(1)

Memphis-MOB/ASC

 

(4)

 

2,705

 

17,451

 

 

 

2,705

 

17,451

 

20,156

 

3,039

 

(7)

 

2015

 

(1)

Plano-Surgical Hospital

 

(4)

 

1,050

 

16,696

 

 

 

1,050

 

16,696

 

17,746

 

2,892

 

2013

 

2016

 

(1)

Westland-MOB/ASC

 

(4)

 

230

 

4,520

 

 

 

230

 

4,520

 

4,750

 

763

 

2009

 

2016

 

(1)

Melbourne-MOB/ Imaging

 

(4)

 

1,200

 

14,250

 

 

33

 

1,200

 

14,283

 

15,483

 

2,406

 

2012

 

2016

 

(1)

Reading-MOB/ASC

 

 

1,440

 

7,940

 

 

 

1,440

 

7,940

 

9,380

 

1,281

 

1992/2002

 

2016

 

(1)

East Orange-MOB

 

 

2,150

 

10,112

 

 

510

 

2,150

 

10,622

 

12,772

 

1,602

 

1996

 

2016

 

(1)

Watertown- MOB/ Imaging

 

1,100

 

8,002

 

45

335

 

1,145

 

8,337

 

9,482

 

1,299

 

2011/2015

 

2016

 

(1)(3)

Sandusky-MOB

 

 

791

 

10,710

 

 

 

791

 

10,710

 

11,501

 

1,835

 

(8)

 

2016/2017

 

(1)

Carson City-MOB

 

 

760

 

3,268

 

 

 

760

 

3,268

 

4,028

 

504

 

1991

 

2016

 

(1)

Ellijay-MOB

 

 

914

 

3,337

 

 

914

 

3,337

 

4,251

 

784

 

2015

 

2016

 

(1)(2)(3)

Altoona-IRF

 

 

1,184

 

18,505

 

 

 

1,184

 

18,505

 

19,689

 

3,154

 

2000

 

2016

 

(1)(2)(3)

Mechanicsburg-IRF

 

 

810

 

21,451

 

 

 

810

 

21,451

 

22,261

 

3,568

 

2011

 

2016

 

(1)(2)(3)

Mesa-IRF

 

 

3,620

 

16,265

 

 

 

3,620

 

16,265

 

19,885

 

3,201

 

2011

 

2016

 

(1)(2)(3)

Lewisburg-MOB/ Imaging

 

 

681

 

6,114

 

 

 

681

 

6,114

 

6,795

 

1,382

 

2006

 

2017

 

(1)(2)(3)

Cape Coral-MOB

 

 

353

 

7,017

 

 

 

353

 

7,017

 

7,370

 

836

 

2007

 

2017

 

(1)(3)

Las Cruces-MOB

 

 

397

 

4,618

 

40

 

32

 

437

 

4,650

 

5,087

 

791

 

2012

 

2017

 

(1)

Clermont-MOB

 

 

145

 

4,422

 

 

 

145

 

4,422

 

4,567

 

621

 

2014

 

2017

 

(1)(2)(3)

Oklahoma City-Surgical Hospital/ Physical Therapy/ASC

 

 

2,953

 

38,724

 

 

 

2,953

 

38,724

 

41,677

 

6,425

 

2002/2007

 

2017

 

(1)(2)(3)

Brockport-MOB

 

 

693

 

7,097

 

 

 

693

 

7,097

 

7,790

 

1,325

 

2011

 

2017

 

(1)(2)(3)

Flower Mound-ASC

 

 

730

 

3,155

 

 

 

730

 

3,155

 

3,885

 

591

 

2014

 

2017

 

(1)(2)(3)

Sherman-IRF/ LTACH

 

 

1,601

 

25,011

 

 

2,447

 

1,601

 

27,458

 

29,059

 

3,840

 

2009

 

2017

 

(1)(2)

Lubbock-MOB

 

 

1,566

 

5,725

 

 

 

1,566

 

5,725

 

7,291

 

1,221

 

2004

 

2017

 

(1)(2)(3)

Austin-IRF

 

 

7,223

 

29,616

 

 

 

7,223

 

29,616

 

36,839

 

4,039

 

2012

 

2017

 

(1)(2)(3)

Fort Worth-MOB

 

 

1,738

 

3,726

 

 

 

1,738

 

3,726

 

5,464

 

671

 

2016

 

2017

 

(1)(2)(3)

Albertville-MOB

 

 

1,154

 

4,444

 

193

 

 

1,347

 

4,444

 

5,791

 

1,233

 

2007

 

2017

 

(1)(2)(3)

Moline-MOB/ASC

 

 

854

 

9,237

 

 

 

854

 

9,237

 

10,091

 

1,617

 

2004

 

2017

 

(1)(2)(3)

Lee’s Summit-MOB

 

 

571

 

2,929

 

 

 

571

 

2,929

 

3,500

 

778

 

2007

 

2017

 

(1)(2)(3)

Amarillo-MOB

 

 

1,437

 

7,254

 

 

 

1,437

 

7,254

 

8,691

 

825

 

2011

 

2017

 

(1)

Wyomissing-MOB

 

 

487

 

5,250

 

 

 

487

 

5,250

 

5,737

 

584

 

2004

 

2017

 

(1)

Saint George-MOB/ASC

 

 

435

 

5,372

 

 

76

 

435

 

5,448

 

5,883

 

676

 

1997

 

2017

 

(1)

Silvis-MOB

 

 

249

 

5,862

 

 

641

 

249

 

6,503

 

6,752

 

1,344

 

1997/2006

 

2018

 

(1)(2)(3)

Fremont-MOB

 

 

162

 

8,335

 

 

 

162

 

8,335

 

8,497

 

971

 

2018

 

2018

 

(1)

Gainesville-MOB/ASC

 

 

625

 

9,885

 

 

724

 

625

 

10,609

 

11,234

 

1,254

 

2002

 

2018

 

(1)

East Dallas-Acute Hospital

 

 

6,272

 

17,012

 

 

1,450

 

6,272

 

18,462

 

24,734

 

2,898

 

1994

 

2018

 

(1)

Orlando-MOB

 

 

3,075

 

11,944

 

 

95

 

3,075

 

12,039

 

15,114

 

1,880

 

2007/2008/2009

 

2018

 

(1)(2)(3)

Belpre-MOB/ Imaging/ER/ ASC

 

 

3,997

 

53,520

 

 

 

3,997

 

53,520

 

57,517

 

6,885

 

2011/2013/2014/2017

 

2018

 

(1)(2)(3)

McAllen-MOB

 

 

1,099

 

4,296

 

 

 

1,099

 

4,296

 

5,395

 

644

 

2000

 

2018

 

(1)

Derby-ASC

 

 

567

 

2,585

 

 

55

 

567

 

2,640

 

3,207

 

487

 

2005

 

2018

 

(1)(2)(3)

Bountiful-MOB

 

 

720

 

4,185

 

 

109

 

720

 

4,294

 

5,014

 

480

 

2004

 

2018

 

(1)(2)

Cincinnati-MOB

 

 

1,823

 

1,811

 

 

 

1,823

 

1,811

 

3,634

 

545

 

2016

 

2018

 

(1)(2)(3)

Melbourne Pine-Cancer Center

 

 

732

 

5,980

 

 

649

 

732

 

6,629

 

7,361

 

813

 

1993

 

2018

 

(1)(2)(3)

Southern IL-MOB

 

 

1,830

 

12,660

 

 

131

 

1,830

 

12,791

 

14,621

 

1,505

 

(9)

 

2018

 

(1)

Vernon-MOB/ Dialysis/ Administrative

 

 

1,166

 

9,929

 

 

 

1,166

 

9,929

 

11,095

 

1,357

 

1993/1999

 

2018

 

(1)

Corona

 

 

1,601

 

14,689

 

 

 

1,601

 

14,689

 

16,290

 

1,470

 

2009

 

2018

 

(1)

Zachary-LTACH

 

 

103

 

3,745

 

 

 

103

 

3,745

 

3,848

 

439

 

2015

 

2019

 

(1)(2)(3)

Chandler -MOB/ASC

 

 

4,616

 

11,643

 

 

31

 

4,616

 

11,674

 

16,290

 

1,335

 

2004/2007/2015

 

2019

 

(1)

Surprise-IRF

 

 

1,966

 

22,856

 

3

 

 

1,969

 

22,856

 

24,825

 

2,919

 

2015

 

2019

 

(1)(2)(3)

South Bend-IRF

 

 

1,998

 

11,882

 

 

 

1,998

 

11,882

 

13,880

 

2,299

 

2009

 

2019

 

(1)(2)(3)

Las Vegas-IRF

 

 

2,723

 

17,482

 

 

 

2,723

 

17,482

 

20,205

 

2,988

 

2007

 

2019

 

(1)(2)(3)

Oklahoma Northwest-IRF

 

 

2,507

 

22,545

 

122

 

6,814

 

2,629

 

29,359

 

31,988

 

3,188

 

2012

 

2019

 

(1)(2)(3)

San Marcos-Cancer Center

 

 

2,448

 

7,338

 

 

 

2,448

 

7,338

 

9,786

 

846

 

2009

 

2019

 

(1)(2)(3)

Lansing Patient-MOB /ASC

 

 

1,387

 

8,348

 

188

 

98

 

1,575

 

8,446

 

10,021

 

1,341

 

1997/2000/2002

 

2019

 

(1)(2)(3)

Bannockburn-MOB

 

 

895

 

4,700

 

123

 

475

 

1,018

 

5,175

 

6,193

 

1,283

 

1999

 

2019

 

(1)(2)(3)

Aurora-Office

 

 

1,829

 

8,049

 

 

 

1,829

 

8,049

 

9,878

 

1,115

 

2015

 

2019

 

(1)(2)(3)

Livonia-MOB/Urgent Care

 

 

1,181

 

8,071

 

 

472

 

1,181

 

8,543

 

9,724

 

1,705

 

1995

 

2019

 

(1)(2)(3)

Gilbert-MOB/ASC

 

 

2,470

 

2,389

 

 

 

2,470

 

2,389

 

4,859

 

351

 

2006

 

2019

 

(1)(2)(3)

Morgantown-Office

 

 

1,256

 

5,792

 

 

 

1,256

 

5,792

 

7,048

 

674

 

2019

 

2019

 

(1)(2)(3)

Beaumont-Surgical Hospital

 

 

3,421

 

25,872

 

 

 

3,421

 

25,872

 

29,293

 

2,347

 

2013

 

2019

 

(1)(2)(3)

Bastrop-Freestanding ED

 

 

2,039

 

8,712

 

 

 

2,039

 

8,712

 

10,751

 

889

 

2012

 

2019

 

(1)(2)(3)

Panama City-MOB/ASC

 

 

1,779

 

9,718

 

 

 

1,779

 

9,718

 

11,497

 

1,149

 

2008/2009/2019

 

2019

 

(1)(2)(3)

Jacksonville-MOB

 

 

1,023

 

7,846

 

 

 

1,023

 

7,846

 

8,869

 

644

 

2003/2004

 

2019

 

(1)

Greenwood-MOB/ASC

 

 

892

 

4,956

 

 

 

892

 

4,956

 

5,848

 

595

 

1986

 

2019

 

(1)

Clinton-MOB/ASC

1,006

8,129

321

1,006

8,450

9,456

2,161

1964

2020

(1)(2)(3)

High Point-MOB

2,189

21,236

2,189

21,236

23,425

2,414

2007

2020

(1)(2)(3)

West Allis-MOB

1,111

7,785

1,111

7,785

8,896

725

1999

2020

(1)(2)(3)

Grand Rapids-MOB/ASC

3,421

17,810

292

445

3,713

18,255

21,968

2,141

1988/1992/2000/2006

2020

(1)(2)(3)

Dumfries-MOB

(5)

2,886

14,863

2,886

14,863

17,749

3,762

2019

2020

(1)(2)(3)

Centerville -MOB

160

4,410

160

4,410

4,570

312

2018

2020

(1)(2)(3)

Fairfax-MOB

7,112

9,621

1,026

7,112

10,647

17,759

1,458

2019

2020

(1)(2)(3)

Rosedale-MOB

(6)

3,423

17,646

3,423

17,646

21,069

1,622

2014/2017

2020

(1)(2)(3)

Lancaster-Plasma Center

805

4,385

805

4,385

5,190

326

2009

2020

(1)(2)(3)

Winston Salem-MOB

1,778

6,714

1,778

6,714

8,492

626

2009

2020

(1)(2)(3)

Decatur-MOB

1,626

2,706

1,626

2,706

4,332

252

2010

2020

(1)(2)(3)

Jackson-MOB

895

4,730

895

4,730

5,625

341

2009

2020

(1)(2)(3)

Sheboygan-MOB

583

6,223

583

6,223

6,806

449

2005

2020

(1)(2)(3)

Plymouth-MOB

758

5,214

758

5,214

5,972

345

2010

2020

(1)(2)(3)

Spring Hill-MOB/Img

3,893

12,954

32

3,893

12,986

16,879

1,031

2002/2013/2017/2019

2020

(1)(2)(3)

Cape Girardeau-ASC

1,223

4,865

1,223

4,865

6,088

382

2002

2020

(1)(2)(3)

Yuma-MOB

1,349

4,989

1,349

4,989

6,338

441

2013

2020

(1)(2)(3)

Las Vegas-MOB/ASC

311

6,813

311

6,813

7,124

340

2007/2015

2020

(1)

Pensacola-MOB/ASC

2,118

6,153

2,118

6,153

8,271

572

1985/1997

2020

(1)(2)(3)

Venice-MOB

1,896

4,537

1,896

4,537

6,433

403

2008

2020

(1)(2)(3)

El Paso-MOB

970

7,709

150

970

7,859

8,829

497

2008

2021

(1)(2)(3)

West El Paso-MOB/ASC

995

7,727

995

7,727

8,722

458

2015/2018

2021

(1)(2)(3)

Syracuse-MOB

744

4,880

25

101

769

4,981

5,750

362

2012

2021

(1)(2)(3)

Fort Worth-Behavioral Hospital

1,960

13,453

1,960

13,453

15,413

677

2013

2021

(1)(2)(3)

Coos Bay-MOB

917

5,145

917

5,145

6,062

265

2009

2021

(1)(2)(3)

Port Saint Lucie-MOB/ASC

660

3,767

60

660

3,827

4,487

268

1990

2021

(1)(2)(3)

Dallas-MOB/ASC

3,165

3,062

161

3,165

3,223

6,388

264

1989

2021

(1)(2)(3)

Cape Coral-MOB

6,103

21,287

6,103

21,287

27,390

1,485

1991/1999/2004/2007

2021

(1)(2)(3)

East Grand Forks-MOB

1,123

7,063

1,123

7,063

8,186

681

2004

2021

(1)(2)(3)

Tallahassee-MOB

919

7,107

919

7,107

8,026

385

2002

2021

(1)(2)(3)

Caledonia-MOB

648

2,765

648

2,765

3,413

157

2007

2021

(1)(2)(3)

North Charleston-MOB

1,033

5,049

392

1,033

5,441

6,474

273

2002

2021

(1)(2)(3)

Forsyth-MOB/Imaging

1,902

10,083

33

1,902

10,116

12,018

585

2003

2021

(1)(2)(3)

Munster-MOB/ASC

941

4,842

30

941

4,872

5,813

298

2005

2021

(1)(2)(3)

Athens-MOB

622

4,169

622

4,169

4,791

196

2003

2021

(1)(2)(3)

Hialeah-MOB

264

10,349

64

264

10,413

10,677

982

2019

2021

(1)(2)(3)

Oklahoma City-MOB

988

6,334

988

6,334

7,322

363

2001

2021

(1)(2)(3)

Mentor-MOB

2,603

6,544

2,603

6,544

9,147

352

1991

2021

(1)(2)(3)

Athens 200-MOB

369

1,470

369

1,470

1,839

120

2000

2021

(1)(2)(3)

Lemoyne-MOB/Imaging

412

4,020

412

4,020

4,432

181

1990/2000

2021

(1)(2)(3)

Gainesville-MOB

631

4,098

631

4,098

4,729

196

2006

2022

(1)(2)(3)

Grand Rapids Paris-MOB

1,459

5,246

105

1,459

5,351

6,810

259

2004

2022

(1)(2)(3)

Sarasota-MOB

831

4,034

831

4,034

4,865

160

2013

2022

(1)(2)(3)

Greenwood-MOB

1,122

4,692

1,122

4,692

5,814

216

2007

2022

(1)(2)(3)

Fairbanks-MOB/ASC

1,997

13,015

22

142

2,019

13,157

15,176

328

2010

2022

(1)(2)(3)

Rocky Point-MOB/ASC/Imaging

836

6,534

26

836

6,560

7,396

191

2006/2007

2022

(1)(2)(3)

Fairfax Hamaker-MOB

4,410

13,548

217

4,410

13,765

18,175

439

1986

2022

(1)(2)(3)

Lee's Summit-MOB/ASC

1,431

4,512

1,431

4,512

5,943

134

2003

2022

(1)(2)(3)

Lexington-MOB/Cancer Center

2,049

11,905

34

2,049

11,939

13,988

265

1996/2000/2006/2009

2022

(1)(2)(3)

Toledo Ohio-MOB/ASC

3,581

12,613

3,581

12,613

16,194

346

1997

2022

(1)(2)(3)

Lake Geneva-MOB

585

4,842

585

4,842

5,427

85

1999

2022

(1)(2)(3)

Glenview-MOB/Retail

1,688

6,536

164

1,688

6,700

8,388

127

2003

2022

(1)(2)(3)

Canandaigua-MOB

948

11,606

203

948

11,809

12,757

163

2010/2013

2022

(1)(2)(3)

Hermitage-MOB

548

4,118

548

4,118

4,666

71

2000

2022

(1)(2)(3)

Totals

 

  

$

189,279

$

1,126,885

$

1,053

$

18,883

$

190,332

$

1,145,768

$

1,336,100

$

141,317

 

  

 

  

 

  

The cost basis for income tax purposes of aggregate gross land, building, site improvements, and tenant improvements as of December 31, 2022 was $1,453 million.

(1) Estimated remaining useful life for buildings is 17 to 48 years.

(2) Estimated remaining useful life for tenant improvements is 1 to 16 years.

(3) Estimated remaining useful life for site improvements is 1 to 12 years.

(4) The facility serves as collateral for the Cantor Loan, which had a balance of $31,369 as of December 31, 2022.

(5) The facility serves as collateral for the Dumfries Loan, which had a balance of $11,337 as of December 31, 2022.

(6) The facility serves as collateral for the Rosedale Loan, which had a balance of $13,953 as of December 31, 2022.

(7) Years of: 2001, 1984, 2003, 2006, 2009, 2011.

(8) Years of: 1953, 1982, 2000, 1998, 2017.

(9) Years of: 2002, 2006, 2012, 2014, 2015, 2016.

    

Year Ended December 31, 

    

2022

    

2021

    

2020

Real Estate Assets:

 

  

 

  

 

  

Balance, beginning of period

$

1,215,072

$

1,044,671

$

832,735

Additions through acquisitions

 

132,463

 

175,013

 

211,936

Deductions

 

(11,435)

 

(4,612)

 

Balance, end of period

$

1,336,100

$

1,215,072

$

1,044,671

Accumulated Depreciation:

 

 

  

 

  

Balance, beginning of period

$

103,010

$

69,563

$

42,828

Additions through expense

 

39,984