Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 19, 2014 | Jun. 28, 2013 | |
Entity Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'HEALTHCARE TRUST OF AMERICA, INC. | ' | ' |
Entity Central Index Key | '0001360604 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 237,291,846 | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $1,879,465,000 |
Healthcare Trust of America Holdings, LP (HTALP) | ' | ' | ' |
Entity Information [Line Items] | ' | ' | ' |
Entity Registrant Name | 'Healthcare Trust of America Holdings, LP | ' | ' |
Entity Central Index Key | '0001495491 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Real estate investments: | ' | ' |
Land | $197,892 | $183,651 |
Building and improvements | 2,339,774 | 2,044,113 |
Lease intangibles | 409,356 | 352,884 |
Property held for sale, net | 21,138 | 0 |
Real estate investments, gross | 2,968,160 | 2,580,648 |
Accumulated depreciation and amortization | -441,169 | -349,118 |
Real estate investments, net | 2,526,991 | 2,231,530 |
Real estate notes receivable | 28,520 | 20,000 |
Cash and cash equivalents | 18,081 | 15,956 |
Restricted cash and escrow deposits | 18,114 | 17,623 |
Receivables and other assets, net | 109,337 | 84,970 |
Other intangibles, net | 50,343 | 44,011 |
Non-real estate assets of property held for sale, net | 948 | 0 |
Total assets | 2,752,334 | 2,414,090 |
Liabilities: | ' | ' |
Debt, net | 1,214,241 | 1,037,359 |
Accounts payable and accrued liabilities | 82,893 | 63,443 |
Derivative financial instruments - interest rate swaps | 5,053 | 9,370 |
Security deposits, prepaid rent and other liabilities | 35,339 | 24,450 |
Intangible liabilities, net | 11,797 | 11,309 |
Total liabilities | 1,349,323 | 1,145,931 |
Commitments and contingencies | ' | ' |
Redeemable noncontrolling interest of limited partners | 3,262 | 3,564 |
Equity/Partners' Capital: | ' | ' |
Preferred stock, $0.01 par value; 200,000,000 shares authorized; none issued and outstanding | 0 | 0 |
Additional paid-in capital | 2,126,897 | 1,885,836 |
Cumulative dividends in excess of earnings | -742,060 | -633,717 |
Total stockholders’ equity | 1,387,206 | 1,254,266 |
Noncontrolling interest | 12,543 | 10,329 |
Total equity | 1,399,749 | 1,264,595 |
Total liabilities and equity/partners' capital | 2,752,334 | 2,414,090 |
Class A | ' | ' |
Equity/Partners' Capital: | ' | ' |
Common stock, $0.01 par value | 2,369 | 1,001 |
Class B | ' | ' |
Equity/Partners' Capital: | ' | ' |
Common stock, $0.01 par value | 0 | 1,146 |
Healthcare Trust of America Holdings, LP (HTALP) | ' | ' |
Real estate investments: | ' | ' |
Land | 197,892 | 183,651 |
Building and improvements | 2,339,774 | 2,044,113 |
Lease intangibles | 409,356 | 352,884 |
Property held for sale, net | 21,138 | 0 |
Real estate investments, gross | 2,968,160 | 2,580,648 |
Accumulated depreciation and amortization | -441,169 | -349,118 |
Real estate investments, net | 2,526,991 | 2,231,530 |
Real estate notes receivable | 28,520 | 20,000 |
Cash and cash equivalents | 18,081 | 15,956 |
Restricted cash and escrow deposits | 18,114 | 17,623 |
Receivables and other assets, net | 109,337 | 84,970 |
Other intangibles, net | 50,343 | 44,011 |
Non-real estate assets of property held for sale, net | 948 | 0 |
Total assets | 2,752,334 | 2,414,090 |
Liabilities: | ' | ' |
Debt, net | 1,214,241 | 1,037,359 |
Accounts payable and accrued liabilities | 82,893 | 63,443 |
Derivative financial instruments - interest rate swaps | 5,053 | 9,370 |
Security deposits, prepaid rent and other liabilities | 35,339 | 24,450 |
Intangible liabilities, net | 11,797 | 11,309 |
Total liabilities | 1,349,323 | 1,145,931 |
Commitments and contingencies | ' | ' |
Redeemable noncontrolling interest of limited partners | 1,717 | 1,960 |
Equity/Partners' Capital: | ' | ' |
Limited partners’ capital, 3,052,918 and 3,055,718 units issued and outstanding as of December 31, 2013 and 2012, respectively | 13,818 | 11,663 |
General partners’ capital, 236,880,614 and 214,652,641 units issued and outstanding as of December 31, 2013 and 2012, respectively | 1,387,476 | 1,254,536 |
Total partners’ capital | 1,401,294 | 1,266,199 |
Total liabilities and equity/partners' capital | $2,752,334 | $2,414,090 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Equity: | ' | ' |
Preferred stock, par value (usd per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 200,000,000 | 200,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Class A | ' | ' |
Equity: | ' | ' |
Common stock, par value (usd per share) | $0.01 | $0.01 |
Common stock, shares authorized | 1,000,000,000 | 700,000,000 |
Common stock, shares issued | 236,880,614 | 100,086,387 |
Common stock, shares outstanding | 236,880,614 | 100,086,387 |
Class B | ' | ' |
Equity: | ' | ' |
Common stock, par value (usd per share) | $0.01 | $0.01 |
Common stock, shares authorized | 0 | 300,000,000 |
Common stock, shares issued | 0 | 114,566,254 |
Common stock, shares outstanding | 0 | 114,566,254 |
Healthcare Trust of America Holdings, LP (HTALP) | ' | ' |
Partners’ Capital: | ' | ' |
Limited partner's capital, units issued | 3,052,918 | 3,055,718 |
Limited partner's capital, units outstanding | 3,052,918 | 3,055,718 |
General partner's capital, units issued | 236,880,614 | 214,652,641 |
General partner's capital, units outstanding | 236,880,614 | 214,652,641 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenues: | ' | ' | ' |
Rental income | $317,341 | $293,076 | $267,385 |
Interest income from real estate notes receivable | 2,558 | 4,304 | 4,792 |
Total revenues | 319,899 | 297,380 | 272,177 |
Expenses: | ' | ' | ' |
Rental | 97,053 | 95,046 | 88,483 |
General and administrative | 24,448 | 21,741 | 20,879 |
Non-traded REIT | 0 | 4,340 | 7,816 |
Acquisition-related | 7,523 | 8,843 | 2,130 |
Depreciation and amortization | 121,476 | 115,497 | 106,551 |
Listing | 4,405 | 22,573 | 0 |
Total expenses | 254,905 | 268,040 | 225,859 |
Income (loss) before other income (expense) | 64,994 | 29,340 | 46,318 |
Interest expense: | ' | ' | ' |
Interest related to derivative financial instruments | -5,314 | -4,944 | -1,423 |
Net gain (loss) on change in the fair value of derivative financial instruments | 10,796 | -7,667 | -856 |
Total interest related to derivative financial instruments, including net change in the fair value of derivative financial instruments | 5,482 | -12,611 | -2,279 |
Interest related to debt | -46,941 | -39,868 | -39,040 |
Debt extinguishment costs | 0 | -1,886 | 0 |
Other income (expense) | 42 | 89 | 174 |
Income (loss) from continuing operations | 23,577 | -24,936 | 5,173 |
Income from discontinued operations | 1,107 | 568 | 420 |
Net income (loss) | 24,684 | -24,368 | 5,593 |
Net income attributable to noncontrolling interests | -423 | -56 | -52 |
Net income (loss) attributable to common stockholders/unitholders | 24,261 | -24,424 | 5,541 |
Earnings (losses) per common share/unit - basic: | ' | ' | ' |
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.10 | ($0.11) | $0.02 |
Earnings (losses) per common share/unit - diluted: | ' | ' | ' |
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.10 | ($0.11) | $0.02 |
Weighted average number of common shares/units outstanding: | ' | ' | ' |
Basic (in shares/units) | 228,075 | 222,713 | 223,900 |
Diluted (in shares/units) | 229,939 | 222,713 | 224,392 |
Healthcare Trust of America Holdings, LP (HTALP) | ' | ' | ' |
Revenues: | ' | ' | ' |
Rental income | 317,341 | 293,076 | 267,385 |
Interest income from real estate notes receivable | 2,558 | 4,304 | 4,792 |
Total revenues | 319,899 | 297,380 | 272,177 |
Expenses: | ' | ' | ' |
Rental | 97,053 | 95,046 | 88,483 |
General and administrative | 24,448 | 21,741 | 20,879 |
Non-traded REIT | 0 | 4,340 | 7,816 |
Acquisition-related | 7,523 | 8,843 | 2,130 |
Depreciation and amortization | 121,476 | 115,497 | 106,551 |
Listing | 4,405 | 22,573 | 0 |
Total expenses | 254,905 | 268,040 | 225,859 |
Income (loss) before other income (expense) | 64,994 | 29,340 | 46,318 |
Interest expense: | ' | ' | ' |
Interest related to derivative financial instruments | -5,314 | -4,944 | -1,423 |
Net gain (loss) on change in the fair value of derivative financial instruments | 10,796 | -7,667 | -856 |
Total interest related to derivative financial instruments, including net change in the fair value of derivative financial instruments | 5,482 | -12,611 | -2,279 |
Interest related to debt | -46,941 | -39,868 | -39,040 |
Debt extinguishment costs | 0 | -1,886 | 0 |
Other income (expense) | 42 | 89 | 174 |
Income (loss) from continuing operations | 23,577 | -24,936 | 5,173 |
Income from discontinued operations | 1,107 | 568 | 420 |
Net income (loss) | 24,684 | -24,368 | 5,593 |
Net income attributable to noncontrolling interests | -51 | -40 | -30 |
Net income (loss) attributable to common stockholders/unitholders | $24,633 | ($24,408) | $5,563 |
Earnings (losses) per common share/unit - basic: | ' | ' | ' |
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.10 | ($0.11) | $0.02 |
Earnings (losses) per common share/unit - diluted: | ' | ' | ' |
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.10 | ($0.11) | $0.02 |
Weighted average number of common shares/units outstanding: | ' | ' | ' |
Basic (in shares/units) | 231,130 | 224,681 | 224,056 |
Diluted (in shares/units) | 231,130 | 224,681 | 224,056 |
Consolidated_Statements_of_Equ
Consolidated Statements of Equity (USD $) | Total | Class A | Class B | Common Stock | Common Stock | Common Stock | Additional Paid-In Capital | Cumulative Dividends in Excess of Earnings | Total Stockholders’ Equity | Noncontrolling Interest |
In Thousands, except Share data, unless otherwise specified | USD ($) | USD ($) | Class A | Class B | USD ($) | USD ($) | USD ($) | USD ($) | ||
Beginning balance at Dec. 31, 2010 | $1,487,246 | ' | ' | $2,026 | ' | ' | $1,795,413 | ($310,193) | $1,487,246 | $0 |
Beginning balance, shares at Dec. 31, 2010 | ' | ' | ' | 202,644,000 | 0 | 0 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock (in shares) | ' | ' | ' | 21,682,000 | 0 | 0 | ' | ' | ' | ' |
Issuance of common stock | 214,641 | ' | ' | 216 | ' | ' | 214,425 | 0 | 214,641 | 0 |
Offering costs | -18,896 | ' | ' | 0 | ' | ' | -18,896 | 0 | -18,896 | 0 |
Share-based award transactions, net (in shares) | ' | ' | ' | 62,000 | 0 | 0 | ' | ' | ' | ' |
Share-based award transactions, net | 3,221 | ' | ' | 1 | ' | ' | 3,220 | 0 | 3,221 | 0 |
Issuance of common stock under the DRIP (in shares) | ' | ' | ' | 7,986,000 | 0 | 0 | ' | ' | ' | ' |
Issuance of common stock under the DRIP | 75,864 | ' | ' | 80 | ' | ' | 75,784 | 0 | 75,864 | 0 |
Repurchase and cancellation of common stock (in shares) | ' | ' | ' | -3,883,000 | 0 | 0 | ' | ' | ' | ' |
Repurchase and cancellation of common stock | -37,680 | ' | ' | -39 | ' | ' | -37,641 | 0 | -37,680 | 0 |
Dividends | -162,597 | ' | ' | 0 | ' | ' | 0 | -162,597 | -162,597 | 0 |
Net income (loss) | 5,541 | ' | ' | 0 | ' | ' | 0 | 5,541 | 5,541 | 0 |
Ending balance at Dec. 31, 2011 | 1,567,340 | ' | ' | 2,284 | ' | ' | 2,032,305 | -467,249 | 1,567,340 | 0 |
Ending balance, shares at Dec. 31, 2011 | ' | ' | ' | 228,491,000 | 0 | 0 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based award transactions, net (in shares) | ' | ' | ' | 626,000 | 333,000 | 12,000 | ' | ' | ' | ' |
Share-based award transactions, net | 17,408 | ' | ' | 10 | ' | ' | 6,954 | 0 | 6,964 | 10,444 |
Issuance of common stock under the DRIP (in shares) | ' | ' | ' | 3,362,000 | 0 | 0 | ' | ' | ' | ' |
Issuance of common stock under the DRIP | 31,916 | ' | ' | 34 | ' | ' | 31,882 | 0 | 31,916 | 0 |
Repurchase and cancellation of common stock (in shares) | ' | ' | ' | -3,070,000 | -14,958,000 | -144,000 | ' | ' | ' | ' |
Repurchase and cancellation of common stock | -185,486 | ' | ' | -181 | ' | ' | -185,305 | 0 | -185,486 | 0 |
Conversion (in shares) | ' | ' | ' | -229,409,000 | 114,711,000 | 114,698,000 | ' | ' | ' | ' |
Dividends | -142,159 | ' | ' | 0 | ' | ' | 0 | -142,044 | -142,044 | -115 |
Net income (loss) | -24,424 | ' | ' | 0 | ' | ' | 0 | -24,424 | -24,424 | 0 |
Ending balance at Dec. 31, 2012 | 1,264,595 | ' | ' | 2,147 | ' | ' | 1,885,836 | -633,717 | 1,254,266 | 10,329 |
Ending balance, shares at Dec. 31, 2012 | ' | 100,086,387 | 114,566,254 | 0 | 100,086,000 | 114,566,000 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock (in shares) | ' | ' | ' | 0 | 21,873,000 | 0 | ' | ' | ' | ' |
Issuance of common stock | 239,334 | ' | ' | 219 | ' | ' | 239,115 | 0 | 239,334 | 0 |
Share-based award transactions, net (in shares) | ' | ' | ' | 0 | 422,000 | -15,000 | ' | ' | ' | ' |
Share-based award transactions, net | 5,724 | ' | ' | 4 | ' | ' | 2,467 | 76 | 2,547 | 3,177 |
Issuance of common stock under the DRIP | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repurchase and cancellation of common stock (in shares) | ' | ' | ' | 0 | -52,000 | 0 | ' | ' | ' | ' |
Repurchase and cancellation of common stock | -522 | ' | ' | -1 | ' | ' | -521 | 0 | -522 | 0 |
Conversion (in shares) | ' | ' | ' | 0 | 114,551,000 | -114,551,000 | ' | ' | ' | ' |
Dividends | -133,984 | ' | ' | 0 | ' | ' | 0 | -132,680 | -132,680 | -1,304 |
Net income (loss) | 24,602 | ' | ' | 0 | ' | ' | 0 | 24,261 | 24,261 | 341 |
Ending balance at Dec. 31, 2013 | $1,399,749 | ' | ' | $2,369 | ' | ' | $2,126,897 | ($742,060) | $1,387,206 | $12,543 |
Ending balance, shares at Dec. 31, 2013 | ' | 236,880,614 | 0 | 0 | 236,880,000 | 0 | ' | ' | ' | ' |
Consolidated_Statements_of_Equ1
Consolidated Statements of Equity Consolidated Statements of Equity (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Statement of Stockholders' Equity [Abstract] | ' | ' | ' |
Dividends per share (usd per share) | $0.57 | $0.64 | $0.73 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes In Partners' Capital - HTALP (USD $) | Total | Healthcare Trust of America Holdings, LP (HTALP) | Healthcare Trust of America Holdings, LP (HTALP) | Healthcare Trust of America Holdings, LP (HTALP) | |
In Thousands, unless otherwise specified | General Partner | Limited Partner | |||
Balance as of beginning of period at Dec. 31, 2010 | ' | $1,488,811 | $1,487,301 | $1,510 | |
Balance as of beginning of period (in units) at Dec. 31, 2010 | ' | ' | 202,644 | 156 | |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | |
Issuance of general partner units (in units) | ' | ' | 21,682 | ' | |
Issuance of general partner units | ' | 214,641 | 214,641 | ' | |
Offering costs | ' | -18,896 | -18,896 | ' | |
Issuance of units under the DRIP (in units) | ' | ' | 7,986 | ' | |
Issuances under the DRIP | ' | 75,864 | 75,864 | ' | |
Redemptions of general partner units (in units) | ' | ' | -3,883 | ' | |
Redemptions of general partner units | ' | -37,680 | -37,680 | ' | |
Share-based award transactions, net (in units) | ' | ' | 62 | 0 | |
Share-based award transactions, net | ' | 3,221 | 3,221 | 0 | |
Distributions | ' | -162,597 | -162,483 | -114 | |
Net income (loss) attributable to common stockholders/unitholders | 5,541 | 5,563 | 5,542 | 21 | |
Balance as of end of period at Dec. 31, 2011 | ' | 1,568,927 | 1,567,510 | 1,417 | |
Balance as of end of period (in units) at Dec. 31, 2011 | ' | ' | 228,491 | 156 | |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | |
Net income (loss) attributable to common stockholders/unitholders | -315 | [1] | -310 | ' | ' |
Balance as of end of period at Mar. 31, 2012 | ' | ' | ' | ' | |
Balance as of beginning of period at Dec. 31, 2011 | ' | 1,568,927 | 1,567,510 | 1,417 | |
Balance as of beginning of period (in units) at Dec. 31, 2011 | ' | ' | 228,491 | 156 | |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | |
Issuance of units under the DRIP (in units) | ' | ' | 3,362 | ' | |
Issuances under the DRIP | ' | 31,916 | 31,916 | ' | |
Redemptions of general partner units (in units) | ' | ' | -18,172 | ' | |
Redemptions of general partner units | ' | -185,486 | -185,486 | ' | |
Share-based award transactions, net (in units) | ' | ' | 971 | 2,900 | |
Share-based award transactions, net | ' | 17,408 | 6,964 | 10,444 | |
Distributions | ' | -142,158 | -141,944 | -214 | |
Net income (loss) attributable to common stockholders/unitholders | -24,424 | -24,408 | -24,424 | 16 | |
Balance as of end of period at Dec. 31, 2012 | ' | 1,266,199 | 1,254,536 | 11,663 | |
Balance as of end of period (in units) at Dec. 31, 2012 | ' | ' | 214,652 | 3,056 | |
Balance as of beginning of period at Sep. 30, 2012 | ' | ' | ' | ' | |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | |
Net income (loss) attributable to common stockholders/unitholders | -1,836 | [1] | -1,829 | ' | ' |
Balance as of end of period at Dec. 31, 2012 | ' | 1,266,199 | ' | ' | |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | |
Net income (loss) attributable to common stockholders/unitholders | 1,351 | 1,359 | ' | ' | |
Balance as of end of period at Mar. 31, 2013 | ' | ' | ' | ' | |
Balance as of beginning of period at Dec. 31, 2012 | ' | 1,266,199 | 1,254,536 | 11,663 | |
Balance as of beginning of period (in units) at Dec. 31, 2012 | ' | ' | 214,652 | 3,056 | |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | |
Issuance of general partner units (in units) | ' | ' | 21,873 | ' | |
Issuance of general partner units | ' | 239,334 | 239,334 | ' | |
Redemptions of general partner units (in units) | ' | ' | -52 | ' | |
Redemptions of general partner units | ' | -522 | -522 | ' | |
Share-based award transactions, net (in units) | ' | ' | 407 | -3 | |
Share-based award transactions, net | ' | 5,724 | 2,547 | 3,177 | |
Distributions | ' | -134,074 | -132,680 | -1,394 | |
Net income (loss) attributable to common stockholders/unitholders | 24,261 | 24,633 | 24,261 | 372 | |
Balance as of end of period at Dec. 31, 2013 | ' | 1,401,294 | 1,387,476 | 13,818 | |
Balance as of end of period (in units) at Dec. 31, 2013 | ' | ' | 236,880 | 3,053 | |
Balance as of beginning of period at Sep. 30, 2013 | ' | ' | ' | ' | |
Increase (Decrease) in Partners' Capital [Roll Forward] | ' | ' | ' | ' | |
Net income (loss) attributable to common stockholders/unitholders | 4,062 | 4,050 | ' | ' | |
Balance as of end of period at Dec. 31, 2013 | ' | $1,401,294 | ' | ' | |
[1] | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes In Partners' Capital - HTALP Consolidated Statements of Changes in Partners' Capital - HTALP (Parenthetical) (Healthcare Trust of America Holdings, LP (HTALP), USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
General Partner | ' | ' | ' |
Distributions to limited and general partners (in usd per unit) | $0.57 | $0.64 | $0.73 |
Limited Partner | ' | ' | ' |
Distributions to limited and general partners (in usd per unit) | $0.57 | $0.64 | $0.73 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income (loss) | $24,684 | ($24,368) | $5,593 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' | ' |
Depreciation, amortization and other | 119,904 | 114,575 | 104,045 |
Share-based compensation expense | 5,648 | 17,408 | 3,221 |
Bad debt expense | 453 | 1,064 | 1,447 |
Change in fair value of derivative financial instruments | -10,796 | 7,667 | 856 |
Changes in operating assets and liabilities: | ' | ' | ' |
Receivables and other assets, net | -15,931 | -4,765 | -2,964 |
Accounts payable and accrued liabilities | 14,789 | 2,684 | 295 |
Security deposits, prepaid rent and other liabilities | 9,073 | 2,520 | -686 |
Net cash provided by operating activities | 147,824 | 116,785 | 111,807 |
Cash flows from investing activities: | ' | ' | ' |
Acquisition of real estate operating properties and other assets | -340,307 | -257,386 | -61,385 |
Capital expenditures | -25,382 | -22,909 | -16,034 |
Issuance of real estate notes receivable | -8,520 | 0 | 0 |
Restricted cash, escrow deposits and notes receivable | -491 | -4,830 | -4,502 |
Release of restricted cash | 0 | 580 | 14,463 |
Real estate deposits paid | 0 | -3,810 | -4,500 |
Real estate deposits used | 0 | 4,810 | 6,000 |
Net cash used in investing activities | -374,700 | -283,545 | -65,958 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from unsecured senior notes | 297,558 | 0 | 0 |
Borrowings on unsecured revolving credit facility | 158,000 | 360,000 | 0 |
Payments on unsecured revolving credit facility | -175,000 | -288,000 | -7,000 |
Borrowings on unsecured term loans | 0 | 455,000 | 0 |
Borrowings on secured real estate term loan and mortgage loans | 0 | 0 | 125,500 |
Payments on secured real estate term loan and mortgage loans | -156,963 | -128,601 | -192,083 |
Deferred financing costs | -3,651 | -6,436 | -3,401 |
Derivative financial instrument termination payments | -1,195 | 0 | 0 |
Security deposits | 1,225 | 765 | 596 |
Proceeds from issuance of common stock, net | 240,657 | 0 | 214,641 |
Repurchase and cancellation of common stock | -522 | -182,602 | -37,680 |
Payment of offering costs | 0 | -2,884 | -21,137 |
Dividends | -129,360 | -93,273 | -84,800 |
Payment on earnout liability | -92 | -328 | 0 |
Distributions to noncontrolling interest of limited partners | -1,656 | -416 | -264 |
Net cash provided by (used in) financing activities | 229,001 | 113,225 | -5,628 |
Net change in cash and cash equivalents | 2,125 | -53,535 | 40,221 |
Cash and cash equivalents - beginning of period | 15,956 | 69,491 | 29,270 |
Cash and cash equivalents - end of period | 18,081 | 15,956 | 69,491 |
Healthcare Trust of America Holdings, LP (HTALP) | ' | ' | ' |
Cash flows from operating activities: | ' | ' | ' |
Net income (loss) | 24,684 | -24,368 | 5,593 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' | ' |
Depreciation, amortization and other | 119,904 | 114,575 | 104,045 |
Share-based compensation expense | 5,648 | 17,408 | 3,221 |
Bad debt expense | 453 | 1,064 | 1,447 |
Change in fair value of derivative financial instruments | -10,796 | 7,667 | 856 |
Changes in operating assets and liabilities: | ' | ' | ' |
Receivables and other assets, net | -15,931 | -4,765 | -2,964 |
Accounts payable and accrued liabilities | 14,789 | 2,684 | 295 |
Security deposits, prepaid rent and other liabilities | 9,073 | 2,520 | -686 |
Net cash provided by operating activities | 147,824 | 116,785 | 111,807 |
Cash flows from investing activities: | ' | ' | ' |
Acquisition of real estate operating properties and other assets | -340,307 | -257,386 | -61,385 |
Capital expenditures | -25,382 | -22,909 | -16,034 |
Issuance of real estate notes receivable | -8,520 | 0 | 0 |
Restricted cash, escrow deposits and notes receivable | -491 | -4,830 | -4,502 |
Release of restricted cash | 0 | 580 | 14,463 |
Real estate deposits paid | 0 | -3,810 | -4,500 |
Real estate deposits used | 0 | 4,810 | 6,000 |
Net cash used in investing activities | -374,700 | -283,545 | -65,958 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from unsecured senior notes | 297,558 | 0 | 0 |
Borrowings on unsecured revolving credit facility | 158,000 | 360,000 | 0 |
Payments on unsecured revolving credit facility | -175,000 | -288,000 | -7,000 |
Borrowings on unsecured term loans | 0 | 455,000 | 0 |
Borrowings on secured real estate term loan and mortgage loans | 0 | 0 | 125,500 |
Payments on secured real estate term loan and mortgage loans | -156,963 | -128,601 | -192,083 |
Deferred financing costs | -3,651 | -6,436 | -3,401 |
Derivative financial instrument termination payments | -1,195 | 0 | 0 |
Security deposits | 1,225 | 765 | 596 |
Proceeds from issuance of general partner units, net | 240,657 | 0 | 214,641 |
Repurchase and cancellation of general partner units | -522 | -182,602 | -37,680 |
Payment of offering costs | 0 | -2,884 | -21,137 |
Distributions to general partner | -129,360 | -93,273 | -84,800 |
Payment on earnout liability | -92 | -328 | 0 |
Distributions to limited partners and redeemable noncontrolling interests | -1,656 | -416 | -264 |
Net cash provided by (used in) financing activities | 229,001 | 113,225 | -5,628 |
Net change in cash and cash equivalents | 2,125 | -53,535 | 40,221 |
Cash and cash equivalents - beginning of period | 15,956 | 69,491 | 29,270 |
Cash and cash equivalents - end of period | $18,081 | $15,956 | $69,491 |
Organization_and_Description_o
Organization and Description of Business | 12 Months Ended |
Dec. 31, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization and Description of Business | ' |
Organization and Description of Business | |
Healthcare Trust of America, Inc., a Maryland corporation, and Healthcare Trust of America Holdings, LP, a Delaware limited partnership, were incorporated or formed, as applicable, on April 20, 2006. Healthcare Trust of America, Inc., or HTA, operates as a real estate investment trust, or REIT, and is the general partner of Healthcare Trust of America Holdings, LP, or HTALP, which is the operating partnership. As of December 31, 2013, HTA owned a 98.94% partnership interest and other limited partners, including some of HTA’s directors, executive officers and their affiliates, owned the remaining partnership interest (including the long term incentive plan, or LTIP, units) in HTALP. As the sole general partner of HTALP, HTA has the full, exclusive and complete responsibility for HTALP’s day-to-day management and control. HTA operates in an umbrella partnership REIT structure in which HTALP and its subsidiaries hold substantially all of the assets. HTA’s only material asset is its ownership of partnership interests of HTALP. As a result, HTA does not conduct business itself, other than acting as the sole general partner of HTALP, issuing public equity from time to time and guaranteeing certain debts of HTALP. HTALP conducts the operations of the business and has no publicly traded equity. | |
HTA is a fully integrated, self-administered and internally managed REIT and is one of the largest publicly-traded REITs focused on medical office buildings in the United States based on gross leasable area, or GLA. We are primarily focused on acquiring, owning and operating high-quality medical office buildings that are predominantly located on, or aligned with, campuses of nationally or regionally recognized healthcare systems. In addition, we have strong industry relationships, a stable and diversified tenant mix, and an extensive and active acquisition network. Our primary objective is to maximize stockholder value with disciplined growth through strategic investments and to provide an attractive risk-adjusted return for our stockholders by consistently increasing our cash flow. In pursuing this objective, we (i) target mid-sized acquisitions of high-quality medical office buildings in markets with dominant healthcare systems, attractive demographics and that complement our existing portfolio, (ii) actively manage our balance sheet to maintain flexibility with conservative leverage, and (iii) seek internal growth through proactive asset management, leasing and property management oversight. HTA has qualified to be taxed as a REIT for federal income tax purposes and intends to continue to be taxed as a REIT. | |
We invest primarily in high-quality medical office buildings in our target markets, and have acquired high-quality medical office buildings and other facilities that serve the healthcare industry with an aggregate purchase price of approximately $3.0 billion through December 31, 2013. As of December 31, 2013, our portfolio consisted of 269 medical office buildings and 19 other facilities that serve the healthcare industry, as well as real estate notes receivables secured by medical office buildings. | |
On June 6, 2012, HTA listed its Class A common stock on the New York Stock Exchange, or the NYSE, or the Listing. In accordance with an amendment to HTA’s charter approved by stockholders on December 20, 2010, all of HTA’s common stock was converted into shares of Class A, Class B-1, Class B-2 and Class B-3 common stock. The Class B common stock was identical to the Class A common stock except that the Class B common stock was not listed on a national securities exchange. The shares of the Class B-1, Class B-2 and Class B-3 common stock converted into shares of our Class A common stock on December 6, 2012, June 6, 2013, and November 7, 2013, respectively. As of December 31, 2013, there were no shares of Class B common stock outstanding. | |
Our principal executive offices are located at 16435 N. Scottsdale Road, Suite 320, Scottsdale, Arizona, 85254. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounting Policies [Abstract] | ' | ||||||||
Summary of Significant Accounting Policies | ' | ||||||||
Summary of Significant Accounting Policies | |||||||||
The summary of significant accounting policies presented below is designed to assist in understanding our consolidated financial statements. Such consolidated financial statements and the accompanying notes are the representations of our management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America, or GAAP, in all material respects, and have been consistently applied in preparing our accompanying consolidated financial statements. | |||||||||
Basis of Presentation | |||||||||
Our accompanying consolidated financial statements include our accounts and those of our subsidiaries and any consolidated variable interest entities, or VIEs. All inter-company balances and transactions have been eliminated in the accompanying consolidated financial statements. | |||||||||
Reclassifications | |||||||||
To better present our real estate related balances, we have chosen to break out the details of real estate investments (net) in our balance sheet as opposed to disclosing the details in a footnote. In addition, we have reclassified certain accounts, as further discussed below, in HTA’s previously issued balance sheet to conform to current period presentation. In place leases and tenant relationship intangibles are now included in real estate investments (net) as lease intangibles. In addition, accounts and other receivables (net) have been combined with receivables and other assets (net). None of the revised reclassifications reflect corrections of any amounts. The following table presents the previously reported balances and the reclassified balances for the impacted line items of the December 31, 2012 balance sheet (in thousands): | |||||||||
December 31, 2012 | |||||||||
As Previously Reported | As Reclassified | ||||||||
Real estate investments: | |||||||||
Land | $ | — | $ | 183,651 | |||||
Building and improvements | — | 2,044,113 | |||||||
Lease intangibles | — | 352,884 | |||||||
— | 2,580,648 | ||||||||
Accumulated depreciation and amortization | — | (349,118 | ) | ||||||
Real estate investments, net | 1,992,607 | 2,231,530 | |||||||
Accounts and other receivables, net | 13,317 | — | |||||||
Receivables and other assets, net | 71,653 | 84,970 | |||||||
Other intangibles, net | 282,934 | 44,011 | |||||||
During 2013, we classified one of our properties as held for sale. The statements of operations for 2012 and 2011 have been reclassified to conform with current year presentation with respect to the operations of the property classified as held for sale. See Note 7 for further discussion. | |||||||||
Use of Estimates | |||||||||
The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. These estimates are made and evaluated on an ongoing basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates, perhaps in adverse ways, and those estimates could be different under different assumptions or conditions. | |||||||||
Cash and Cash Equivalents | |||||||||
Cash and cash equivalents consist of all highly liquid investments with a maturity of three months or less when purchased. | |||||||||
Restricted Cash | |||||||||
Restricted cash is comprised of reserve accounts for property taxes, insurance, capital improvements and tenant improvements as well as collateral accounts for debt and interest rate swaps. | |||||||||
Revenue Recognition, Tenant Receivables and Allowance for Uncollectible Accounts | |||||||||
Minimum annual rental revenue is recognized on a straight-line basis over the term of the related lease (including rent holidays). Differences between rental income recognized and amount contractually due under the lease agreements are credited or charged, as applicable, to straight-line rent receivables. Tenant reimbursement revenue, which is comprised of additional amounts recoverable from tenants for common area maintenance expenses and certain other recoverable expenses, is recognized as revenue in the period in which the related expenses are incurred. Tenant reimbursements are recorded on a gross basis, as we are generally the primary obligor with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier, and have credit risk. We recognize lease termination fees when there is a signed termination letter agreement, all of the conditions of the agreement have been met, and the tenant is no longer occupying the property. Rental income is reported net of amortization recorded on lease inducements. | |||||||||
Tenant receivables and straight-line rent receivables are carried net of the allowances for uncollectible amounts. An allowance is maintained for estimated losses resulting from the inability of certain tenants to meet the contractual obligations under their leases. Such allowance is charged to bad debt expense which is included in general and administrative expense in our accompanying consolidated statements of operations. Our determination of the adequacy of these allowances is based primarily upon evaluations of historical loss experience, the tenant’s financial condition, security deposits, letters of credit, lease guarantees and current economic conditions and other relevant factors. As of December 31, 2013, 2012 and 2011, we had $2.1 million, $2.2 million and $1.5 million, respectively, in allowances for uncollectible accounts. During the years ended December 31, 2013, 2012 and 2011, we recorded bad debt expense of $0.5 million, $1.1 million and $1.4 million, respectively. | |||||||||
Real Estate Acquisitions | |||||||||
With the assistance of independent valuation specialists, we record the purchase price of completed business acquisitions associated with tangible and intangible assets and liabilities based on their fair values. The tangible assets (building and land) are determined based upon the value of the property as if it were to be replaced or as if it were vacant using discounted cash flow models similar to those used by market participants. Factors considered by us include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. Additionally, the purchase price of the applicable completed acquisition property is inclusive of above or below market leases, above or below market leasehold interests, in place leases, tenant relationships, above or below market debt assumed, interest rate swaps assumed and any contingent consideration. | |||||||||
The value of above or below market leases is determined based upon the present value (using a discount rate which reflects the risks associated with the acquired leases) of the difference between: (1) the contractual amounts to be received pursuant to the lease over its remaining term; and (2) our estimate of the amounts that would be received using fair market rates over the remaining term of the lease including any bargain renewal periods. The amounts associated with above market leases are included in other intangibles, net in our accompanying consolidated balance sheets and amortized to rental income over the remaining non-cancelable lease term of the acquired leases with each property. The amounts allocated to below market leases are included in intangible liabilities, net in our accompanying consolidated balance sheets and amortized to rental income over the remaining non-cancelable lease term plus any below market renewal options of the acquired leases with each property. | |||||||||
The value associated with above or below market leasehold interests is determined based upon the present value (using a discount rate which reflects the risks associated with the acquired leases) of the difference between: (1) the contractual amounts to be paid pursuant to the lease over its remaining term; and (2) our estimate of the amounts that would be paid using fair market rates over the remaining term of the lease including any bargain renewal periods. The amounts recorded for above market leasehold interests are included in intangible liabilities, net in our accompanying consolidated balance sheets and amortized to rental expense over the remaining non-cancelable lease term of the acquired leases with each property. The amounts allocated to below market leasehold interests are included in other intangibles, net in our accompanying consolidated balance sheets and amortized to rental expense over the remaining non-cancelable lease term plus any below market renewal options of the acquired leases with each property. | |||||||||
The total amount of other intangible assets includes in place leases and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with that respective tenant. Characteristics considered by us in allocating these values include the nature and extent of the credit quality and expectations of lease renewals, among other factors. The amounts recorded for in place leases are included in lease intangibles in our accompanying consolidated balance sheets and will be amortized to amortization expense over the average remaining non-cancelable lease term of the acquired leases with each property. The amounts recorded for tenant relationships are included in lease intangibles in our accompanying consolidated balance sheets and are amortized to amortization expense over the average remaining non-cancelable lease term of the acquired leases plus a market lease term. | |||||||||
The value recorded for above or below market debt is determined based upon the present value of the difference between the cash flow stream of the assumed mortgage and the cash flow stream of a market rate mortgage. The amounts recorded for above or below market debt are included in debt, net on our accompanying consolidated balance sheets and are amortized to interest expense over the remaining term of the assumed debt. | |||||||||
The value recorded for interest rate swaps is based upon a discounted cash flow analysis on the expected cash flows, taking into account interest rate curves and the period to maturity. See derivative financial instruments below for further discussion. | |||||||||
We record contingent consideration at fair value as of the acquisition date and reassess the fair value as of the end of each reporting period, with any changes being recognized in earnings. | |||||||||
Real Estate Investments | |||||||||
The cost of operating properties includes the cost of land and completed buildings and related improvements. Expenditures that increase the service life of properties are capitalized and the cost of maintenance and repairs is charged to expense as incurred. The cost of buildings is depreciated on a straight-line basis over the estimated useful lives of the buildings up to 39 years and for tenant improvements, the shorter of the lease term or useful life, ranging from one month to 240 months, respectively. Furniture, fixtures and equipment is depreciated over five years. When depreciable property is retired, replaced or disposed of, the related costs and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operations. Depreciation expense of buildings and improvements for the years ended December 31, 2013, 2012 and 2011, was $75.5 million, $71.4 million and $64.4 million, respectively. | |||||||||
Real Estate Held For Sale | |||||||||
We consider properties as held for sale once management commits to a plan to sell the property and has determined that the sale is probable and expected to occur within one year. Upon designation as held for sale, we record the property at the lower of its carrying amount or fair value, less costs to sell, and cease depreciation and amortization. The fair value is generally based on discounted cash flow analyses, which involve management’s best estimate of market participants’ holding period, market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods, and capital requirements. The results of operations of properties classified as held for sale are reflected as discontinued operations for all periods reported and the major classes of assets and liabilities are presented separately in the balance sheet. As of December 31, 2013, we had one property within our portfolio classified as held-for-sale, see Note 7. | |||||||||
Recoverability of Real Estate Investments | |||||||||
Operating properties are evaluated for potential impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Impairment losses are recorded when indicators of impairment are present and the carrying amount of the asset is greater than the sum of the future undiscounted cash flows expected to be generated by that asset over the remaining expected hold period. We would recognize an impairment loss when the carrying amount is not recoverable to the extent the carrying amount exceeded the fair value of the property. The fair value is generally based on discounted cash flow analyses, which involve management’s best estimate of market participants’ holding periods, market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods, and capital requirements. For the years ended December 31, 2013, 2012 and 2011, there were no impairment losses. | |||||||||
Real Estate Notes Receivable | |||||||||
We evaluate the carrying values of real estate notes receivable on an individual basis. Management periodically evaluates the realizability of future cash flows from real estate notes receivable when events or circumstances, such as the non-receipt of principal and interest payments and/or significant deterioration of the financial condition of the borrower, indicate that the carrying amount of the real estate notes receivable may not be recoverable. An impairment loss is recognized in current period earnings and is calculated as the difference between the carrying amount of the real estate notes receivable and the discounted cash flows expected to be received, or if foreclosure is probable, the fair value of the collateral securing the real estate notes receivable. For the years ended December 31, 2013, 2012 and 2011, there were no impairment losses. | |||||||||
Derivative Financial Instruments | |||||||||
We are exposed to the effect of interest rate changes in the normal course of business. We seek to mitigate these risks by following established risk management policies and procedures which include the occasional use of derivatives. Our primary strategy in entering into derivative contracts is to add stability to interest expense and to manage our exposure to interest rate movements. We utilize derivative instruments, including interest rate swap, to effectively convert a portion of our variable rate debt to fixed rate debt. We do not enter into derivative instruments for speculative purposes. | |||||||||
Derivatives are recognized as either assets or liabilities in our consolidated balance sheets and are measured at fair value. Since our derivative instruments are not designated as hedge instruments, they do not qualify for hedge accounting, and accordingly, changes in fair value are included as a component of interest expense in our consolidated statements of operations in the period of change. | |||||||||
The valuation of these instruments is determined with the assistance of an independent valuation specialist using a proprietary model that utilizes widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative, and observable inputs. The proprietary model reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. | |||||||||
We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. | |||||||||
Fair Value Measurements | |||||||||
Fair value is a market-based measurement and is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Financial assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows: | |||||||||
Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. | |||||||||
Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). | |||||||||
Level 3 — Unobservable inputs, only used to the extent that observable inputs are not available, reflect our assumptions about the pricing of an asset or liability. | |||||||||
We use fair value measurements to record fair value of certain assets and to estimate fair value of financial instruments not recorded at fair value but required to be disclosed at fair value. | |||||||||
Receivables and Other Assets | |||||||||
Receivables and other assets consist of accounts and other receivables, tenant note receivable, deferred financing costs, deferred leasing costs, lease inducements, straight-line rent receivables, prepaid expenses, deposits, equipment and other and derivative financial instruments - interest rate swaps. Management periodically evaluates the realizability of future cash flows from tenant notes receivable when events or circumstances, such as the non-receipt of principal and interest payments and/or significant deterioration of the financial condition of the borrower, indicate that the carrying amount of the tenant note receivable may not be recoverable. An impairment charge is recognized in current period earnings and is calculated as the difference between the carrying amount of the tenant note receivable and the discounted cash flows expected to be received. Deferred financing costs include amounts paid to lenders and others to obtain financing and are amortized to interest expense on a straight-line basis over the term of the related loan which approximates the effective interest method. Deferred leasing costs are amounts incurred in executing a lease, both for external broker and marketing costs, plus a portion of internal leasing related costs. Deferred leasing costs are amortized on a straight-line basis method over the term of the applicable lease. Deferred leasing costs are included in operating activities in our consolidated statements of cash flows. Lease inducements are amortized on a straight-line basis against rental income over the term of the applicable lease. | |||||||||
Share-Based Compensation | |||||||||
We calculate the fair value of share-based awards on the date of grant. Restricted common stock is valued based on the closing price of our Class A common stock on the NYSE. The LTIP units were valued using a Monte Carlo simulation which took into account volatility, dividend yield, expected term, risk-free rate and stock price. We amortize the share-based compensation expense over the period that the awards are expected to vest, net of estimated forfeitures. See Note 11 for further discussion. | |||||||||
Noncontrolling Interests | |||||||||
HTA’s net income attributable to noncontrolling interests in the accompanying consolidated statements of operations relate to both noncontrolling interest reflected within equity and redeemable noncontrolling interest of limited partners reflected outside of equity in the accompanying consolidated balance sheets. Limited partner units, including LTIP awards, in HTALP are accounted for as partners’ capital in HTALP’s accompanying consolidated balance sheets and as noncontrolling interest reflected within equity or redeemable noncontrolling interest of limited partners reflected outside of equity in HTA’s accompanying consolidated balance sheets. | |||||||||
Redeemable noncontrolling interests relate to the interests in our consolidated entities that are not wholly owned by us. As these redeemable noncontrolling interests provide for redemption features not solely within the control of the issuer, we classify such interests outside of permanent equity or partners’ capital. | |||||||||
Listing Expenses | |||||||||
Listing expenses primarily included fees associated with the Listing and share-based compensation expense associated with the LTIP awards that we granted in connection with the Listing. | |||||||||
Non-Traded REIT Expenses | |||||||||
Non-traded REIT expenses included stockholder services, including the printing and mailing of stockholder statements, the maintenance of an online investor portal, and other significant mailings and promotional investor materials traditionally borne by an advisor, which we did not have. As a result of our individual stockholders transferring their shares of HTA stock to brokers as a result of the Listing, we no longer incur these costs. Additionally, these expenses included share-based compensation expense attributable to our executives and Board of Directors. These related shares were accelerated pursuant to the Listing and were applicable to past services relative to our non-traded REIT status. | |||||||||
Income Taxes | |||||||||
HTA believes that it has qualified to be taxed as a REIT under the provisions of the Internal Revenue Code of 1986, as amended or the Code, beginning with the taxable year ending December 31, 2007 and it intends to continue to qualify to be taxed as a REIT. To continue to qualify as a REIT for federal income tax purposes, HTA must meet certain organizational and operational requirements, including a requirement to pay dividend distributions to its stockholders of at least 90% of its annual taxable income. As a REIT, HTA is generally not subject to federal income tax on net income that it distributes to its stockholders, but it may be subject to certain state or local taxes on its income and property. | |||||||||
If HTA fails to qualify as a REIT in any taxable year, it will then be subject to U.S. federal income taxes on our taxable income and will not be permitted to qualify for treatment as a REIT for U.S. federal income tax purposes for four years following the year during which qualification is lost unless the IRS grants it relief under certain statutory provisions. Such an event could have a material adverse effect on its business, financial condition, results of operations and net cash available for dividend distributions to its stockholders. | |||||||||
As discussed in Note 1, HTA conducts substantially all of its operations through HTALP. As a partnership, HTALP generally is not liable for federal income taxes. The income and loss from the operations of HTALP is included in the tax returns of its partners, including HTA, who are responsible for reporting their allocable share of the partnership income and loss. Accordingly, no provision for income taxes has been made on the accompanying consolidated financial statements. | |||||||||
We do not have any liability for uncertain tax positions that we believe should be recognized in our accompanying consolidated financial statements. The tax basis exceeded the carrying amount of the net assets reported in our consolidated balance sheet by approximately $254.7 million as of December 31, 2013. | |||||||||
Concentration of Credit Risk | |||||||||
We maintain the majority of our cash and cash equivalents at major financial institutions in the United States and deposits with these financial institutions may exceed the amount of insurance provided on such deposits; however, we regularly monitor the financial stability of these financial institutions and believe we are not currently exposed to any significant default risk with respect to these deposits. As of December 31, 2013, we had cash balances of $19.9 million in excess of Federal Deposit Insurance Corporation insured limits. | |||||||||
Segment Disclosure | |||||||||
We have determined that we have one reportable segment, with activities related to investing in medical office buildings, healthcare-related facilities and other real estate-related assets. Our investments in real estate and other real estate-related assets are geographically diversified and our chief operating decision maker evaluates operating performance on an individual asset level. As each of our assets has similar economic characteristics, tenants, and products and services, our assets have been aggregated into one reportable segment. | |||||||||
Recently Issued or Adopted Accounting Pronouncements | |||||||||
In January 2013, the Financial Accounting Standards Board issued Accounting Standards Update, or ASU, 2013-01, Balance Sheet (Topic 210) - Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, or ASU 2013-01, which clarifies the scope of ASU 2011-11, Balance Sheet (Topic 210) - Disclosures about Offsetting Assets and Liabilities. ASU 2013-01 requires entities to disclose both gross and net information about derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse purchase agreements and securities borrowing and securities lending transactions that are subject to an agreement similar to a master netting arrangement. Entities are required to apply these disclosures for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity must provide the disclosures required by those amendments retrospectively for all comparative periods presented. We adopted ASU 2011-11 and ASU 2013-01 in the first quarter of fiscal 2013, see Note 9. |
Business_Combinations
Business Combinations | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Business Combinations [Abstract] | ' | |||||||
Business Combinations | ' | |||||||
Business Combinations | ||||||||
For the year ended December 31, 2013, we completed ten acquisitions for an aggregate purchase price of $397.8 million. We incurred $4.8 million of costs attributable to these completed acquisitions. As part of the acquisitions we assumed mortgage loans with a fair value of $53.4 million. | ||||||||
The aggregate net purchase price of the 2013 acquisitions was allocated in the amounts set forth in the table below. Due to the recent timing of certain acquisitions, we have not yet finalized our purchase price allocation. Since the acquisitions were determined to be individually not significant, but material on a collective basis, the allocations for these acquisitions are set forth below in the aggregate (in thousands): | ||||||||
2013 Acquisitions | Total | |||||||
Land | $ | 16,192 | ||||||
Building and improvements | 292,037 | |||||||
Below market leasehold interests | 10,317 | |||||||
Above market leases | 2,999 | |||||||
In place leases | 52,845 | |||||||
Tenant relationships | 25,119 | |||||||
Below market leases | (2,104 | ) | ||||||
Above market debt | (694 | ) | ||||||
Interest rate swap | (2,600 | ) | ||||||
394,111 | ||||||||
Contingencies and other, net | 3,715 | |||||||
Aggregate purchase price | $ | 397,826 | ||||||
The weighted average lives of the above acquired intangible assets and liabilities were 16.0 years and 5.6 years, respectively. | ||||||||
The following is a brief description of each of the 2013 acquisitions. | ||||||||
• | On March 11, 2013, we completed the acquisition of a medical office building located in Dallas, Texas for $48.7 million. | |||||||
• | On March 22, 2013, we completed the acquisition of a medical office building located in Bryan/College Station, Texas for $39.8 million. | |||||||
• | On June 18, 2013, we completed the acquisition of a medical office building located in Atlanta, Georgia for $5.6 million. | |||||||
• | On July 12, 2013, we completed the acquisition of a medical office property located in Monroeville, Pennsylvania for $15.1 million. | |||||||
• | On July 29, 2013, we completed the acquisition of a medical office building located in Denver, Colorado for $42.0 million. | |||||||
• | On August 30, 2013, we completed the acquisition of a medical office building located in Dallas, Texas for $27.7 million. | |||||||
• | On September 20, 2013, we completed the acquisition of a portfolio of medical office buildings located in Miami/West Palm Beach, Florida for $62.9 million. As part of the acquisition, we assumed $18.0 million of fixed rate mortgage loans. | |||||||
• | On November 13, 2013, we completed the acquisition of a medical office building located in Austin, Texas for $9.6 million. | |||||||
• | On December 10, 2013, we completed the acquisition of a medical office building located in Austin, Texas for $19.7 million. As part of the acquisition, we assumed a $4.8 million fixed rate mortgage loan. | |||||||
• | On December 13, 2013, we completed the acquisition of a portfolio of medical office buildings located in Tampa/Jupiter, Florida for $126.7 million. As part of the acquisition, we assumed a $29.9 million variable rate mortgage loan with an associated interest rate swap. | |||||||
The aggregate net purchase price of the 2012 acquisitions was allocated in the amounts set forth in the table below. Since the acquisitions were determined to be individually not significant, but material on a collective basis, the allocations for these acquisitions are set forth below in the aggregate (in thousands): | ||||||||
2012 Acquisitions | Total | |||||||
Land | $ | 13,479 | ||||||
Building and improvements | 225,924 | |||||||
Below market leasehold interests | 3,284 | |||||||
Above market leases | 4,199 | |||||||
In place leases | 27,136 | |||||||
Tenant relationships | 22,100 | |||||||
Below market leases | (1,472 | ) | ||||||
294,650 | ||||||||
Contingencies and other, net | 287 | |||||||
Aggregate purchase price | $ | 294,937 | ||||||
The weighted average lives of the above acquired intangible assets and liabilities were 14.2 years and 7.6 years, respectively. | ||||||||
We recorded the below revenues and net income (loss) for the year ended December 31, 2013 related to the 2013 acquisitions and for the year ended December 31, 2012 related to the 2012 acquisitions (in thousands): | ||||||||
2013 Acquisitions | 2012 Acquisitions | |||||||
Year Ended | Year Ended | |||||||
31-Dec-13 | 31-Dec-12 | |||||||
Revenues | $ | 15,361 | $ | 26,717 | ||||
Net income (loss) | 206 | 7,537 | ||||||
Supplementary Pro Forma Information of HTA | ||||||||
The following pro forma consolidated results of operations of HTA for the years ended December 31, 2013 and 2012, assumes that all 2013 acquisitions occurred on January 1, 2012 and excludes $4.8 million of acquisition-related expenses (in thousands, except per share data): | ||||||||
Year Ended December 31, | ||||||||
2013 | 2012 | |||||||
Revenues | $ | 349,813 | $ | 342,655 | ||||
Net income (loss) attributable to common stockholders | 28,017 | (25,294 | ) | |||||
Net income (loss) per share attributable to common stockholders - basic | $ | 0.12 | $ | (0.10 | ) | |||
Net income (loss) per share attributable to common stockholders - diluted | 0.12 | (0.10 | ) | |||||
The following pro forma consolidated results of operations of HTA for the years ended December 31, 2012 and 2011, assumes that all 2012 acquisitions occurred on January 1, 2011 and excludes $3.0 million of acquisition-related expenses (in thousands, except per share data): | ||||||||
Year Ended December 31, | ||||||||
2012 | 2011 | |||||||
Revenues | $ | 306,420 | $ | 307,246 | ||||
Net income (loss) attributable to common stockholders | (21,928 | ) | 6,736 | |||||
Net income (loss) per share attributable to common stockholders - basic | $ | (0.10 | ) | $ | 0.03 | |||
Net income (loss) per share attributable to common stockholders - diluted | (0.10 | ) | 0.03 | |||||
The pro forma results are not necessarily indicative of the operating results that would have been obtained had the acquisitions occurred at the beginning of the periods presented, nor are they necessarily indicative of future operating results. | ||||||||
Supplementary Pro Forma Information of HTALP | ||||||||
The following pro forma consolidated results of operations of HTALP for the years ended December 31, 2013 and 2012, assumes that all 2013 acquisitions occurred on January 1, 2012 and excludes $4.8 million of acquisition-related expenses (in thousands, except per unit data): | ||||||||
Year Ended December 31, | ||||||||
2013 | 2012 | |||||||
Revenues | $ | 349,813 | $ | 342,655 | ||||
Net income (loss) attributable to common unitholders | 28,389 | (25,278 | ) | |||||
Net income (loss) per unit attributable to common unitholders - basic | $ | 0.12 | $ | (0.10 | ) | |||
Net income (loss) per unit attributable to common unitholders - diluted | 0.12 | (0.10 | ) | |||||
The following pro forma consolidated results of operations of HTALP for the years ended December 31, 2012 and 2011, assumes that all 2012 acquisitions occurred on January 1, 2011 and excludes $3.0 million of acquisition-related expenses (in thousands, except per unit data): | ||||||||
Year Ended December 31, | ||||||||
2012 | 2011 | |||||||
Revenues | $ | 306,420 | $ | 307,246 | ||||
Net income (loss) attributable to common unitholders | (21,912 | ) | 6,758 | |||||
Net income (loss) per unit attributable to common unitholders - basic | $ | (0.10 | ) | $ | 0.03 | |||
Net income (loss) per unit attributable to common unitholders - diluted | (0.10 | ) | 0.03 | |||||
The pro forma results are not necessarily indicative of the operating results that would have been obtained had the acquisitions occurred at the beginning of the periods presented, nor are they necessarily indicative of future operating results. |
Real_Estate_Notes_Receivable
Real Estate Notes Receivable | 12 Months Ended |
Dec. 31, 2013 | |
Receivables [Abstract] | ' |
Real Estate Notes Receivable | ' |
Real Estate Notes Receivable | |
Real estate notes receivable includes four promissory notes totaling $20.0 million as of December 31, 2013 and 2012. The promissory notes are secured by medical office buildings, with interest rates ranging from 10.85% to 10.95% per annum. The promissory notes matured on November 1, 2013, but subsequent to December 31, 2013 were extended to June 25, 2014. We might extend the notes again if they are not repaid by the maturity date. The associated medical office buildings are being actively marketed for sale and the notes will be repaid upon any sale. The promissory notes have sufficient collateral coverage based on the value of the medical office buildings. The promissory notes continue to accrue interest at the same per annum rates and as of December 31, 2013 all interest payments were current. | |
In addition, we originated two promissory notes in September 2013 totaling $8.5 million. The promissory notes are secured by medical office buildings in South Florida, each with an interest rate of 7.0% per annum. The properties are being actively marketed for sale and the notes will be repaid upon any sale. The promissory notes mature on October 1, 2016. | |
We monitor the credit quality of our real estate notes receivable on an ongoing basis by tracking possible credit quality indicators. As of December 31, 2013, all of our real estate notes receivable are current and we have not provided for any allowance for losses or recorded any impairments. We made no purchases or sales of real estate notes receivable during the years ended December 31, 2013 and 2012. |
Intangibles_Assets_and_Liabili
Intangibles Assets and Liabilities | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Identified Intangibles, Net [Abstract] | ' | |||||||||||||
Intangibles Assets and Liabilities | ' | |||||||||||||
Intangible Assets and Liabilities | ||||||||||||||
Intangible assets and liabilities consisted of the following as of December 31, 2013 and 2012 (in thousands, except weighted average remaining amortization period): | ||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||
Balance | Weighted Average Remaining Amortization Period in Years | Balance | Weighted Average Remaining Amortization Period in Years | Balance Sheet Classification | ||||||||||
Assets: | ||||||||||||||
In place leases | $ | 212,142 | 8.8 | $ | 174,615 | 9.7 | Lease intangibles | |||||||
Tenant relationships | 197,214 | 10.5 | 178,269 | 11.6 | Lease intangibles | |||||||||
Above market leases | 26,799 | 6.3 | 25,387 | 6.9 | Other intangibles, net | |||||||||
Below market leasehold interests | 37,640 | 68.9 | 30,587 | 69.4 | Other intangibles, net | |||||||||
473,795 | 408,858 | |||||||||||||
Accumulated amortization | (150,207 | ) | (125,924 | ) | ||||||||||
Total | $ | 323,588 | 15.9 | $ | 282,934 | 15.9 | ||||||||
Liabilities: | ||||||||||||||
Below market leases | $ | 13,989 | 12.4 | $ | 12,823 | 13.7 | Intangible liabilities, net | |||||||
Above market leasehold interests | 3,827 | 33.1 | 3,827 | 34 | Intangible liabilities, net | |||||||||
17,816 | 16,650 | |||||||||||||
Accumulated amortization | (6,019 | ) | (5,341 | ) | ||||||||||
Total | $ | 11,797 | 18.4 | $ | 11,309 | 19.5 | ||||||||
The following is a summary of the net intangible amortization for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||||
Year Ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Amortization recorded against rental income related to above or below market leases | $ | 1,772 | $ | 1,682 | $ | 1,983 | ||||||||
Rental expense related to above or below market leasehold interests | 346 | 521 | 700 | |||||||||||
Amortization expense related to in place leases and tenant relationships | 42,820 | 41,643 | 40,489 | |||||||||||
As of December 31, 2013, the amortization of intangible assets and liabilities for each of the next five years and thereafter is as follows (in thousands): | ||||||||||||||
Year | Assets | Liabilities | ||||||||||||
2014 | $ | 49,888 | $ | 1,492 | ||||||||||
2015 | 43,841 | 1,274 | ||||||||||||
2016 | 38,424 | 1,073 | ||||||||||||
2017 | 32,390 | 792 | ||||||||||||
2018 | 26,575 | 736 | ||||||||||||
Thereafter | 132,470 | 6,430 | ||||||||||||
Total | $ | 323,588 | $ | 11,797 | ||||||||||
Receivables_and_Other_Assets
Receivables and Other Assets | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Receivables and Other Assets [Abstract] | ' | |||||||||||
Receivables and Other Assets | ' | |||||||||||
Receivables and Other Assets | ||||||||||||
Receivables and other assets consisted of the following as of December 31, 2013 and 2012 (in thousands): | ||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||
Accounts and other receivables, net | $ | 22,847 | $ | 13,317 | ||||||||
Tenant note receivable | 3,173 | 3,287 | ||||||||||
Deferred financing costs, net | 10,921 | 11,006 | ||||||||||
Deferred leasing costs, net | 12,954 | 10,554 | ||||||||||
Lease inducements, net | 759 | 880 | ||||||||||
Straight-line rent receivables, net | 46,957 | 39,095 | ||||||||||
Prepaid expenses, deposits, equipment and other, net | 6,653 | 6,831 | ||||||||||
Derivative financial instruments - interest rate swaps | 5,073 | — | ||||||||||
Total | $ | 109,337 | $ | 84,970 | ||||||||
The tenant note receivable is for a loan to a tenant for building improvements. The interest rate thereon is 9.0% per annum and requires monthly principal and interest payments from the tenant through July 2027. As of December 31, 2013, the tenant note receivable is current and we have not provided any allowance for losses or recorded any impairments. | ||||||||||||
The following is a summary of amortization of deferred leasing costs, deferred financing costs, and lease inducements for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Amortization expense related to deferred leasing costs | $ | 2,636 | $ | 1,868 | $ | 1,139 | ||||||
Interest expense related to deferred financing costs | 3,837 | 3,861 | 3,540 | |||||||||
Amortization recorded against rental income related to lease inducements | 208 | 269 | 165 | |||||||||
As of December 31, 2013, the amortization of deferred leasing costs, deferred financing costs, and lease inducements for each of the next five years and thereafter is as follows (in thousands): | ||||||||||||
Year | Amount | |||||||||||
2014 | $ | 6,118 | ||||||||||
2015 | 5,638 | |||||||||||
2016 | 3,599 | |||||||||||
2017 | 2,593 | |||||||||||
2018 | 2,071 | |||||||||||
Thereafter | 4,615 | |||||||||||
Total | $ | 24,634 | ||||||||||
Assets_Held_for_Sale_and_Disco
Assets Held for Sale and Discontinued Operations | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||
Assets Held for Sale and Discontinued Operations | ' | |||||||||||
Assets Held for Sale and Discontinued Operations | ||||||||||||
During 2013, we classified one of our properties as held for sale as we committed to an approved plan to seek to dispose of the property. The sale of the property is expected to occur within one year. The property is being marketed at a price we believe is consistent with its fair value. We will re-assess the classification as held for sale if it has not sold by the end of the first quarter of 2014. As of December 31, 2012, there were no properties held for sale. The following table represents the major classes of assets and liabilities, and the balance sheet classification as of December 31, 2013 (in thousands): | ||||||||||||
December 31, 2013 | ||||||||||||
Land | $ | 5,109 | ||||||||||
Building and improvements, net | 15,181 | |||||||||||
Lease intangibles, net | 848 | |||||||||||
Property held for sale, net | $ | 21,138 | ||||||||||
Receivables and other assets, net | $ | 948 | ||||||||||
Non-real estate assets of property held for sale, net | $ | 948 | ||||||||||
Security deposits, prepaid rent and other liabilities | $ | 200 | ||||||||||
Security deposits, prepaid rent and other liabilities | $ | 200 | ||||||||||
The table below reflects the results of operations of the property classified as held for sale, which are included in discontinued operations for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Revenues | $ | 1,702 | $ | 2,264 | $ | 2,261 | ||||||
Expenses | 434 | 1,182 | 1,268 | |||||||||
Income before other income (expense) | 1,268 | 1,082 | 993 | |||||||||
Interest expense related to debt | (161 | ) | (514 | ) | (573 | ) | ||||||
Income from discontinued operations | $ | 1,107 | $ | 568 | $ | 420 | ||||||
Debt
Debt | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Debt | ' | ||||||||
Debt | |||||||||
Debt consisted of the following as of December 31, 2013 and 2012 (in thousands): | |||||||||
December 31, 2013 | December 31, 2012 | ||||||||
Unsecured revolving credit facility | $ | 55,000 | $ | 72,000 | |||||
Unsecured term loans | 455,000 | 455,000 | |||||||
Unsecured senior notes | 300,000 | — | |||||||
Fixed rate mortgages | 373,751 | 382,456 | |||||||
Variable rate mortgages | 29,925 | — | |||||||
Secured real estate term loan | — | 125,500 | |||||||
1,213,676 | 1,034,956 | ||||||||
Net premium (discount) | 565 | 2,403 | |||||||
Total | $ | 1,214,241 | $ | 1,037,359 | |||||
Unsecured Credit Agreement | |||||||||
On March 29, 2012, HTA and HTALP entered into an unsecured credit agreement to obtain a $575.0 million unsecured revolving credit facility and a $300.0 million unsecured term loan. | |||||||||
Unsecured Revolving Credit Facility | |||||||||
On March 7, 2013, we executed an amendment to the unsecured credit agreement pursuant to an existing provision therein to increase the principal amount of the unsecured revolving credit facility. This amendment added an additional lender and increased the unsecured revolving credit facility by $75.0 million to $650.0 million. The other existing terms of the unsecured credit agreement were unchanged except for those relating to the unsecured term loan as discussed below. The unsecured revolving credit facility matures on March 29, 2016 and includes a one-year extension option, subject to certain conditions. | |||||||||
The actual amount of credit available is a function of certain loan-to-value and debt service coverage ratios. The maximum principal amount may be increased, subject to such additional financing being provided by our existing lenders or new lenders added to the unsecured revolving credit facility. | |||||||||
Borrowings under the $650.0 million unsecured revolving credit facility accrue interest equal to adjusted LIBOR plus a margin ranging from 1.10% to 1.75% per annum based on our credit rating. We also pay a facility fee ranging from 0.20% to 0.50% per annum on the aggregate commitments under the unsecured revolving credit facility. As of December 31, 2013, the margin associated with our borrowings was 1.30% per annum and the facility fee was 0.25% per annum. | |||||||||
Unsecured Term Loan | |||||||||
Borrowings under the $300.0 million unsecured term loan accrue interest equal to adjusted LIBOR plus a margin ranging from 1.30% to 2.25% per annum based on our credit rating. The margin associated with our borrowings as of December 31, 2013 was 1.55% per annum. We have interest rate swaps in place that fix the interest rate at 2.60% per annum, based on our current credit rating. The unsecured term loan matures on March 29, 2016 and includes a one-year extension option, subject to certain conditions. | |||||||||
On January 7, 2014, we executed an amendment to the unsecured credit agreement that decreased the interest rate on the unsecured term loan to adjusted LIBOR plus a margin ranging from 1.05% to 1.95% per annum based on our current credit rating. The margin associated with our borrowing as of the amendment date was 1.20%. In addition, the maturity date was extended to January 31, 2018. The other existing terms of the unsecured credit agreement were unchanged. | |||||||||
$155.0 million Unsecured Term Loan | |||||||||
On July 20, 2012, HTALP entered into a $155.0 million unsecured term loan that is guaranteed by HTA. The loan matures on July 19, 2019 and the interest rate thereon is equal to LIBOR plus a margin ranging from 1.55% to 2.40% per annum based on our credit rating. The margin associated with the borrowings as of December 31, 2013 was 1.70% per annum. We have interest rate swaps in place that fix the interest rate at 2.99% per annum, based on our current credit rating. The maximum principal amount may be increased by us, subject to such additional financing being provided by our existing lender. | |||||||||
$300.0 million Unsecured Senior Notes | |||||||||
On March 28, 2013, HTALP issued $300.0 million of unsecured senior notes guaranteed by HTA that mature on April 15, 2023. The unsecured senior notes bear interest at 3.70% per annum payable semi-annually and were offered at 99.186% of the principal amount thereof, with an effective yield to maturity of 3.80% per annum. HTALP completed the exchange offer of the unsecured senior notes which are now registered under the Securities Act of 1933, as amended, on November 21, 2013. | |||||||||
Fixed and Variable Rate Mortgages | |||||||||
As of December 31, 2013, HTALP and its subsidiaries had fixed and variable rate mortgages with interest rates ranging from 1.62% to 12.75% per annum and a weighted average interest rate of 5.56% per annum. Including the impact of the interest rate swap associated with our variable rate mortgage, the weighted average interest rate was 5.80% per annum. During the year, we assumed three fixed rate and one variable rate mortgage loans; see Note 3. | |||||||||
Secured Real Estate Term Loan | |||||||||
On March 28, 2013, we repaid in full the $125.5 million secured real estate term loan. In connection with that repayment, we terminated the secured real estate term loan (and the commitments thereunder) and the related security documents and guarantees. In addition, we terminated the $75.0 million interest rate swap associated with the secured real estate term loan. | |||||||||
Future Debt Maturities | |||||||||
As of December 31, 2013, the principal payments due on our debt for each of the next five years and thereafter, is as follows (in thousands): | |||||||||
Year | Amount | ||||||||
2014 | $ | 7,729 | |||||||
2015 | 73,982 | ||||||||
2016 | 477,496 | ||||||||
2017 | 100,948 | ||||||||
2018 | 12,993 | ||||||||
Thereafter | 540,528 | ||||||||
Total | $ | 1,213,676 | |||||||
The above scheduled debt maturities do not include the available extension under the unsecured credit agreement as discussed above. | |||||||||
We are required by the terms of our applicable debt agreements to meet various affirmative and negative covenants that we believe are customary for these types of facilities, such as limitations on the incurrence of debt by us, and our subsidiaries that own unencumbered assets, limitations on the nature of HTALP’s business, and limitations on distributions by HTALP and its subsidiaries that own unencumbered assets. Our debt agreements also impose various financial covenants on us, such as a maximum ratio of total indebtedness to total asset value, a minimum ratio of EBITDA to fixed charges, a minimum tangible net worth covenant, a maximum ratio of unsecured indebtedness to unencumbered asset value, rent coverage ratios, and a minimum ratio of unencumbered net operating income to unsecured interest expense. As of December 31, 2013, we believe that we were in compliance with all such financial covenants and reporting requirements. In addition, certain of our debt agreements include events of default provisions that we believe are customary for these types of facilities, including restricting HTA from making dividend distributions to our stockholders in the event we are in default, except to the extent necessary for HTA to maintain its REIT status. |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||
Derivative Financial Instruments | ' | |||||||||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||||||||||
The following table lists the derivative financial instrument assets and (liabilities) held by us as of December 31, 2013 (in thousands): | ||||||||||||||||||||||||
Notional Amount | Index | Rate | Fair Value | Instrument | Maturity | |||||||||||||||||||
$ | 200,000 | LIBOR | 1.23 | % | $ | (2,078 | ) | Swap | 3/29/17 | |||||||||||||||
100,000 | LIBOR | 0.86 | (729 | ) | Swap | 6/15/16 | ||||||||||||||||||
50,000 | LIBOR | 1.39 | 1,350 | Swap | 7/17/19 | |||||||||||||||||||
105,000 | LIBOR | 1.24 | 3,723 | Swap | 7/17/19 | |||||||||||||||||||
27,618 | (a) | LIBOR | 4.98 | (2,246 | ) | Swap | 5/1/20 | |||||||||||||||||
The following table lists the derivative financial instrument assets and (liabilities) held by us as of December 31, 2012 (in thousands): | ||||||||||||||||||||||||
Notional Amount | Index | Rate | Fair Value | Instrument | Maturity | |||||||||||||||||||
$ | 17,304 | (b) | LIBOR | 3.79 | % | $ | (459 | ) | Swap | 9/28/13 | ||||||||||||||
75,000 | (b) | LIBOR | 1.07 | (659 | ) | Swap | 12/31/13 | |||||||||||||||||
200,000 | LIBOR | 1.23 | (5,180 | ) | Swap | 3/29/17 | ||||||||||||||||||
100,000 | LIBOR | 0.86 | (1,310 | ) | Swap | 6/15/16 | ||||||||||||||||||
50,000 | LIBOR | 1.39 | (909 | ) | Swap | 7/17/19 | ||||||||||||||||||
105,000 | LIBOR | 1.24 | (853 | ) | Swap | 7/17/19 | ||||||||||||||||||
(a) We assumed the interest rate swap in December 2013 as part of an acquisition, see Note 3. | ||||||||||||||||||||||||
(b) We terminated the interest rate swaps in March 2013. | ||||||||||||||||||||||||
As of December 31, 2013 and 2012, the gross fair value of our derivative financial instruments was as follows (in thousands): | ||||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2013 | December 31, 2012 | |||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | ||||||||||||||||
Location | Location | Location | Location | |||||||||||||||||||||
Interest rate swaps | Receivables and other assets | $ | 5,073 | n/a | n/a | Derivative | $ | 5,053 | Derivative | $ | 9,370 | |||||||||||||
financial | financial | |||||||||||||||||||||||
instruments | instruments | |||||||||||||||||||||||
There were no derivatives offset in our accompanying consolidated balance sheets as of December 31, 2013 and 2012. As of December 31, 2013 and 2012, we had derivatives subject to enforceable master netting arrangements which allow for net cash settlement with the respective counterparties (in thousands): | ||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||
Gross Amounts | Amounts Subject to Enforceable Master Netting Arrangements | Net Amounts | Gross Amounts | Amounts Subject to Enforceable Master Netting Arrangements | Net Amounts | |||||||||||||||||||
Asset derivatives | $ | 5,073 | $ | (2,078 | ) | $ | 2,995 | $ | — | $ | — | $ | — | |||||||||||
Liability derivatives | 5,053 | (2,078 | ) | 2,975 | 9,370 | — | 9,370 | |||||||||||||||||
For the years ended December 31, 2013, 2012 and 2011, the derivative financial instruments had the following effect on our accompanying consolidated statements of operations (in thousands): | ||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | Location of Gain (Loss) | Year Ended December 31, | ||||||||||||||||||||||
Recognized | 2013 | 2012 | 2011 | |||||||||||||||||||||
Interest rate swaps | Net gain (loss) on change in the fair value of derivative financial instruments | $ | 10,796 | $ | (7,578 | ) | $ | (562 | ) | |||||||||||||||
Interest rate cap | Net gain (loss) on change in the fair value of derivative financial instruments | — | (89 | ) | (294 | ) | ||||||||||||||||||
We have agreements with each of our interest rate swap derivative counterparties that contain a provision whereby if we default on certain of our unsecured indebtedness, then our counterparties could declare us in default on our interest rate swap derivative obligations resulting in an acceleration of the indebtedness. In addition, we are exposed to credit risk in the event of non-performance by our derivative counterparties. We believe we mitigate the credit risk by entering into agreements with credit-worthy counterparties. We record counterparty credit risk valuation adjustments on interest rate swap derivative assets in order to properly reflect the credit quality of the counterparty. In addition, our fair value of interest rate swap derivative liabilities is adjusted to reflect the impact of our credit quality. As of December 31, 2013, there have been no termination events or events of default related to our interest rate swaps, except for our voluntary terminations as discussed above. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingencies | ' | ||||
Commitments and Contingencies | |||||
Litigation | |||||
We are not presently subject to any material litigation nor, to our knowledge, is any material litigation threatened against us, which if determined unfavorably to us, would have a material effect on our consolidated financial position, results of operations or cash flows. | |||||
Environmental Matters | |||||
We follow the policy of monitoring our properties for the presence of hazardous or toxic substances. While there can be no assurance that a material environmental liability does not exist at our properties, we are not currently aware of any environmental liability with respect to our properties that would have a material effect on our consolidated financial position, results of operations or cash flows. Further, we are not aware of any material environmental liability or any unasserted claim or assessment with respect to an environmental liability at our properties that we believe would require additional disclosure or the recording of a loss contingency. | |||||
Rental Expense | |||||
We have ground leases and other operating leases with landlords that generally require fixed annual rental payments and may also include escalation clauses and renewal options. These leases have terms up to 99 years, excluding extension options. Future minimum lease obligations under non-cancelable ground leases and other operating leases as of December 31, 2013 for each of the next five years and thereafter is as follows (in thousands): | |||||
Year | Amount | ||||
2014 | $ | 4,230 | |||
2015 | 4,218 | ||||
2016 | 4,207 | ||||
2017 | 4,323 | ||||
2018 | 4,357 | ||||
Thereafter | 272,992 | ||||
Total | $ | 294,327 | |||
During the years ended December 31, 2013, 2012 and 2011, rental expense was $4.3 million, $4.2 million and $3.6 million, respectively. The amount of contingent rent and sublease rent was not significant. | |||||
Other | |||||
Our other commitments and contingencies include the usual obligations of real estate owners and operators in the normal course of business. In our opinion, these matters are not expected to have a material effect on our consolidated financial position, results of operations or cash flows. |
Stockholders_Equity_and_Partne
Stockholders' Equity and Partners' Capital | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Equity [Abstract] | ' | ||||||
Stockholders' Equity and Partners' Capital | ' | ||||||
Stockholders’ Equity and Partners’ Capital | |||||||
HTALP’s partnership agreement provides that it will distribute cash flows from operations and net sale proceeds to its partners in accordance with their overall ownership interests at such times and in such amounts as the general partner determines. Except for certain LTIP units that have not vested, dividend distributions are made such that a holder of one unit will receive annual distributions from HTALP in an amount equal to the annual dividend distributions paid to the holder of one of HTA’s shares of common stock. In addition, for each share of common stock issued or redeemed by HTA, HTALP issues or redeems a corresponding number of units. | |||||||
Common Stock Offerings | |||||||
On January 7, 2013, HTA commenced an equity at-the-market, or ATM, offering of its Class A common stock with an aggregate sales price of up to $250.0 million. On November 1, 2013, HTA terminated this ATM offering and commenced a new ATM offering of its Class A common stock with an aggregate sales price of up to $300.0 million. During the year ended December 31, 2013, HTA issued and sold 21,873,013 shares of its Class A common stock, at an average price of $11.22 per share. | |||||||
Stock Repurchase Plan | |||||||
In August 2012, HTA’s Board of Directors authorized a stock repurchase program of $100.0 million. During the years ended December 31, 2013 and 2012, HTA did not repurchase any shares of its Class A common stock. As of December 31, 2013, $100.0 million of repurchase capacity remained available under the program. | |||||||
Common Stock Dividends | |||||||
See consolidated statements of equity for the dividends declared during 2013, 2012 and 2011. On February 17, 2014, HTA declared a quarterly cash dividend of $0.14375 per share to be paid on April 3, 2014 to stockholders of record on March 27, 2014. | |||||||
Incentive Plan | |||||||
HTA’s Amended and Restated 2006 Plan, or the Plan, permits the grant of incentive awards to our employees, officers, non-employee directors, and consultants as selected by our Board of Directors or the Compensation Committee. The Plan authorizes the granting of awards in any of the following forms: options; stock appreciation rights; restricted stock; restricted or deferred stock units; performance awards; dividend equivalents; other stock-based awards, including units in HTALP; and cash-based awards. Subject to adjustment as provided in the Plan, the aggregate number of awards reserved and available for issuance under the Plan is 10,000,000. As of December 31, 2013, there were 5,101,800 awards available for grant under the Plan. | |||||||
LTIP Units | |||||||
Awards under the LTIP consist of Series C units in HTALP, and are subject to the achievement of certain performance and market conditions in order to vest. The contractual term of the awards is four years. Once vested, the Series C units are converted into common units of HTALP, which may be converted into shares of HTA’s Class A common stock. LTIP units were only granted in 2012 and as of December 31, 2012 all units were unvested. The fair value for the LTIP units for which the restrictions lapsed during 2013 was $13.2 million | |||||||
. With the assistance of our independent valuation specialists, we utilized a Monte Carlo simulation to calculate the 2012 weighted average grant date fair value of $6.25 per unit using the following assumptions: | |||||||
Volatility | 21.25% - 22.64% | ||||||
Dividend yield | 5.8 | % | |||||
Expected term in years | 0.61 - 0.82 | ||||||
Risk-free rate | 0.436% - 0.576% | ||||||
Stock price (per share) | $9.92 - $9.97 | ||||||
For the years ended December 31, 2013, 2012 and 2011, we recognized compensation expense related to LTIP awards of $3.2 million, $10.4 million and $0.0 million, respectively, which was recorded in listing expenses. As of December 31, 2013, there was approximately $4.5 million of unrecognized expense associated with 450,000 units that will only vest as a result of a change in control. We will not recognize any expense associated with these units until such event occurs or is probable. | |||||||
The following is a summary of the activity in our LTIP units during 2013: | |||||||
LTIP Units | Weighted | ||||||
Average Grant | |||||||
Date Fair Value | |||||||
Balance as of December 31, 2012 | 2,900,000 | $ | 6.25 | ||||
Granted | — | — | |||||
Vested | (2,380,700 | ) | 5.56 | ||||
Forfeited | (2,800 | ) | 5.7 | ||||
Balance as of December 31, 2013 | 516,500 | $ | 9.43 | ||||
Restricted Common Stock and Units | |||||||
The weighted average fair value of restricted common stock and units granted during the years ended December 31, 2013, 2012 and 2011 was $10.49, $9.98 and $10.00, respectively. The fair value of restricted common stock and restricted common stock units for which the restriction lapsed during the years ended December 31, 2013, 2012 and 2011 was $1.4 million, $8.7 million and $1.6 million, respectively. | |||||||
We recognized compensation expense, equal to the fair market value of HTA’s stock on the grant date, over the service period which is generally three to four years. For the year ended December 31, 2013, we recognized compensation expense of $2.5 million, of which $1.9 million was recorded in general and administrative expenses and $0.6 million was recorded in listing expenses. For the year ended December 31, 2012, we recognized compensation expense of $7.0 million, of which $0.8 million was recorded in general and administrative expenses, $4.7 million in listing expenses, and $1.5 million in non-traded REIT expenses. For the year ended December 31, 2011, we recognized compensation expense of $3.2 million, which was recorded in non-traded REIT expense. The expense associated with equity awards to executives and Directors prior to the listing were recorded in non-traded REIT expense as those awards were applicable to past service relative to our non-traded REIT status. The expense associated with equity awards accelerated or granted upon the listing was recorded in listing expense. | |||||||
As of December 31, 2013, there was approximately $3.7 million of unrecognized compensation expense net of estimated forfeitures, which will be recognized over a remaining weighted average period of 2.1 years. | |||||||
The following is a summary of the activity in our restricted common stock during 2013: | |||||||
Restricted Common Stock | Weighted | ||||||
Average Grant | |||||||
Date Fair Value | |||||||
Balance as of December 31, 2012 | 376,500 | $ | 9.98 | ||||
Granted | 475,500 | 10.49 | |||||
Vested | (142,500 | ) | 10.01 | ||||
Forfeited | (68,500 | ) | 10.06 | ||||
Balance as of December 31, 2013 | 641,000 | $ | 10.34 | ||||
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value of Financial Instruments | ' | |||||||||||||||||
Fair Value of Financial Instruments | ||||||||||||||||||
Financial Instruments Reported at Fair Value | ||||||||||||||||||
The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2013, aggregated by the Level in the fair value hierarchy (in thousands): | ||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Total | |||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | ||||||||||||||||
and Liabilities | ||||||||||||||||||
(Level 1 ) | ||||||||||||||||||
Assets: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 5,073 | $ | — | $ | 5,073 | ||||||||||
Total assets at fair value | $ | — | $ | 5,073 | $ | — | $ | 5,073 | ||||||||||
Liabilities: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 5,053 | $ | — | $ | 5,053 | ||||||||||
Total liabilities at fair value | $ | — | $ | 5,053 | $ | — | $ | 5,053 | ||||||||||
The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2012, aggregated by the Level in the fair value hierarchy (in thousands): | ||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Total | |||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | ||||||||||||||||
and Liabilities | ||||||||||||||||||
(Level 1 ) | ||||||||||||||||||
Assets: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | — | $ | — | $ | — | ||||||||||
Total assets at fair value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Liabilities: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 9,370 | $ | — | $ | 9,370 | ||||||||||
Total liabilities at fair value | $ | — | $ | 9,370 | $ | — | $ | 9,370 | ||||||||||
There have been no transfers of assets or liabilities between Levels. We will record any such transfers at the end of the reporting period in which a change of event occurs that results in a transfer. Although we have determined that the majority of the inputs used to value our interest rate swap derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with these instruments utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. However, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our interest rate swap derivative positions and have determined that the credit valuation adjustments are not significant to their overall valuation. As a result, we have determined that our interest rate swap derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. | ||||||||||||||||||
Financial Instruments Disclosed at Fair Value | ||||||||||||||||||
We consider the carrying values of cash and cash equivalents, accounts and other receivables (net), restricted cash and escrow deposits, and accounts payable and accrued liabilities to approximate fair value for these financial instruments because of the short period of time between origination of the instruments and their expected realization. All of these financial instruments are considered Level 2. The following table sets forth the carrying value and fair value of our real estate notes receivable, tenant note receivable and debt (net) (in thousands): | ||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||
Fair Value Level | Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||
Real estate notes receivable | 2 | $ | 28,520 | $ | 28,520 | $ | 20,000 | $ | 20,000 | |||||||||
Tenant note receivable | 2 | 3,173 | 3,013 | 3,287 | 3,337 | |||||||||||||
Debt, net | 2 | 1,214,241 | 1,237,699 | 1,037,359 | 1,087,168 | |||||||||||||
Per_Share_Data
Per Share Data | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Per Share Data | ' | |||||||||||
Per Share Data of HTA | ||||||||||||
HTA includes unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents as “participating securities” pursuant to the two-class method. The resulting classes are our common stock and restricted stock. For the years ended December 31, 2013, 2012 and 2011, all of HTA’s earnings were distributed and the calculated earnings (losses) per share amount would be the same for all classes. | ||||||||||||
For the year ended December 31, 2012, approximately 156,000 shares were excluded from the computation of diluted shares as their impact would have been anti-dilutive. The following is the reconciliation of the numerator and denominator used in basic and diluted earnings (losses) per share of HTA for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Numerator: | ||||||||||||
Income (loss) from continuing operations | $ | 23,577 | $ | (24,936 | ) | $ | 5,173 | |||||
Income from continuing operations attributable to noncontrolling interests | (423 | ) | (56 | ) | (52 | ) | ||||||
Income (loss) from continuing operations attributable to common stockholders | 23,154 | (24,992 | ) | 5,121 | ||||||||
Income from discontinued operations | 1,107 | 568 | 420 | |||||||||
Net income (loss) attributable to common stockholders | $ | 24,261 | $ | (24,424 | ) | $ | 5,541 | |||||
Denominator: | ||||||||||||
Weighted average number of shares outstanding - basic | 228,075 | 222,713 | 223,900 | |||||||||
Dilutive shares | 1,864 | — | 492 | |||||||||
Weighted average number of shares outstanding - diluted | 229,939 | 222,713 | 224,392 | |||||||||
Earnings (losses) per common share - basic: | ||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Discontinued operations | 0 | 0 | 0 | |||||||||
Net income (loss) attributable to common stockholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Earnings (losses) per common share - diluted: | ||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Discontinued operations | 0 | 0 | 0 | |||||||||
Net income (loss) attributable to common stockholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Per_Unit_Data
Per Unit Data | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Per Unit Data | ' | |||||||||||
Per Unit Data of HTALP | ||||||||||||
The following is the reconciliation of the numerator and denominator used in basic and diluted earnings (losses) per unit of HTALP for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per unit data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Numerator: | ||||||||||||
Income (loss) from continuing operations | $ | 23,577 | $ | (24,936 | ) | $ | 5,173 | |||||
Income from continuing operations attributable to noncontrolling interests | (51 | ) | (40 | ) | (30 | ) | ||||||
Income (loss) from continuing operations attributable to common unitholders | 23,526 | (24,976 | ) | 5,143 | ||||||||
Income from discontinued operations | 1,107 | 568 | 420 | |||||||||
Net income (loss) attributable to common unitholders | $ | 24,633 | $ | (24,408 | ) | $ | 5,563 | |||||
Denominator: | ||||||||||||
Weighted average number of units outstanding - basic | 231,130 | 224,681 | 224,056 | |||||||||
Dilutive units | — | — | — | |||||||||
Weighted average number of units outstanding - diluted | 231,130 | 224,681 | 224,056 | |||||||||
Earnings (losses) per common unit - basic: | ||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Discontinued operations | 0 | 0 | 0 | |||||||||
Net income (loss) attributable to common unitholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Earnings (losses) per common unit - diluted: | ||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Discontinued operations | 0 | 0 | 0 | |||||||||
Net income (loss) attributable to common unitholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | |||||||||||
Supplemental Cash Flow Information | ' | |||||||||||
Supplemental Cash Flow Information | ||||||||||||
The following is the supplemental cash flow information for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Interest paid | $ | 41,460 | $ | 38,560 | $ | 38,288 | ||||||
Income taxes paid | 669 | 1,090 | 1,045 | |||||||||
Supplemental Disclosure of Noncash Activities: | ||||||||||||
Investing Activities: | ||||||||||||
Accrued capital expenditures | $ | 1,783 | $ | 1,575 | $ | 5,448 | ||||||
Note receivable included in the consideration for the acquisition of a building | — | 37,264 | — | |||||||||
The following represents the significant increase (decrease) in certain assets and liabilities in connection with our acquisition of operating properties: | ||||||||||||
Debt and interest rate swaps | $ | 55,977 | $ | — | $ | 6,657 | ||||||
Financing Activities: | ||||||||||||
Issuances under the DRIP | $ | — | $ | 31,916 | $ | 75,864 | ||||||
Dividend distributions declared, but not paid, including under the DRIP | 34,177 | 30,959 | 14,120 | |||||||||
Offering costs transferred to equity/partners’ capital | 1,323 | — | — | |||||||||
Tax_Treatment_of_Dividends_of_
Tax Treatment of Dividends of HTA (Unaudited) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||
Tax Treatment of Dividends of HTA (Unaudited) | ' | |||||||||
Tax Treatment of Dividends of HTA (Unaudited) | ||||||||||
The following is the income tax treatment of dividend distributions for the years ended December 31, 2013, 2012 and 2011: | ||||||||||
Year Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Ordinary income | 62.02 | % | 46.93 | % | 40.88 | % | ||||
Return of capital | 37.83 | 53.07 | 59.12 | |||||||
Capital gain | 0.15 | 0 | 0 | |||||||
Total | 100 | % | 100 | % | 100 | % |
Future_Minimum_Rent
Future Minimum Rent | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Future Minimum Rent | ' | ||||
Future Minimum Rent | |||||
We have operating leases with tenants that expire at various dates through 2037 which generally include fixed increases or adjustments based on the consumer price index. Generally, the leases grant tenants renewal options. Leases also provide for additional rents based on certain operating expenses. Future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of December 31, 2013 for each of the next five years and thereafter is as follows (in thousands): | |||||
Year | Amount | ||||
2014 | $ | 266,075 | |||
2015 | 250,484 | ||||
2016 | 232,728 | ||||
2017 | 208,175 | ||||
2018 | 177,280 | ||||
Thereafter | 790,739 | ||||
Total | $ | 1,925,481 | |||
A certain amount of our rental income is from tenants with leases which are subject to contingent rent provisions. These contingent rents are subject to the tenant achieving periodic revenues in excess of specified levels. For the years ended December 31, 2013, 2012 and 2011, the amount of contingent rent earned by us was not significant. |
Selected_Quarterly_Financial_D
Selected Quarterly Financial Data of HTA (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Selected Quarterly Financial Data of HTA (Unaudited) | ' | ||||||||||||||||
Selected Quarterly Financial Data of HTA (Unaudited) | |||||||||||||||||
Set forth below is the unaudited selected quarterly financial data of HTA for 2013 and 2012. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per share data). The sum of the individual quarterly amounts may not agree to the annual amounts included in the consolidated statements of operations due to rounding. | |||||||||||||||||
Quarter Ended | |||||||||||||||||
2013 | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 76,427 | $ | 77,244 | $ | 82,541 | $ | 83,687 | |||||||||
Income (loss) from continuing operations | 1,347 | 13,925 | 4,625 | 3,680 | |||||||||||||
Income from discontinued operations | 37 | 308 | 380 | 382 | |||||||||||||
Net income (loss) | 1,384 | 14,233 | 5,005 | 4,062 | |||||||||||||
Net income (loss) attributable to common stockholders | 1,351 | 14,025 | 4,823 | 4,062 | |||||||||||||
Earnings (losses) per common share - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Earnings (losses) per common share - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Quarter Ended | |||||||||||||||||
2012 (a) | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 70,676 | $ | 75,697 | $ | 77,532 | $ | 73,475 | |||||||||
Income (loss) from continuing operations | (430 | ) | (19,458 | ) | (3,074 | ) | (1,975 | ) | |||||||||
Income from discontinued operations | 123 | 144 | 143 | 158 | |||||||||||||
Net income (loss) | (307 | ) | (19,314 | ) | (2,931 | ) | (1,817 | ) | |||||||||
Net income (loss) attributable to common stockholders | (315 | ) | (19,322 | ) | (2,952 | ) | (1,836 | ) | |||||||||
Earnings (losses) per common share - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Earnings (losses) per common share - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
________________________ | |||||||||||||||||
(a) | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. |
Selected_Quarterly_Financial_D1
Selected Quarterly Financial Data of HTALP (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Selected Quarterly Financial Data [Line Items] | ' | ||||||||||||||||
Selected Quarterly Financial Data of HTALP (Unaudited) | ' | ||||||||||||||||
Selected Quarterly Financial Data of HTA (Unaudited) | |||||||||||||||||
Set forth below is the unaudited selected quarterly financial data of HTA for 2013 and 2012. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per share data). The sum of the individual quarterly amounts may not agree to the annual amounts included in the consolidated statements of operations due to rounding. | |||||||||||||||||
Quarter Ended | |||||||||||||||||
2013 | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 76,427 | $ | 77,244 | $ | 82,541 | $ | 83,687 | |||||||||
Income (loss) from continuing operations | 1,347 | 13,925 | 4,625 | 3,680 | |||||||||||||
Income from discontinued operations | 37 | 308 | 380 | 382 | |||||||||||||
Net income (loss) | 1,384 | 14,233 | 5,005 | 4,062 | |||||||||||||
Net income (loss) attributable to common stockholders | 1,351 | 14,025 | 4,823 | 4,062 | |||||||||||||
Earnings (losses) per common share - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Earnings (losses) per common share - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Quarter Ended | |||||||||||||||||
2012 (a) | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 70,676 | $ | 75,697 | $ | 77,532 | $ | 73,475 | |||||||||
Income (loss) from continuing operations | (430 | ) | (19,458 | ) | (3,074 | ) | (1,975 | ) | |||||||||
Income from discontinued operations | 123 | 144 | 143 | 158 | |||||||||||||
Net income (loss) | (307 | ) | (19,314 | ) | (2,931 | ) | (1,817 | ) | |||||||||
Net income (loss) attributable to common stockholders | (315 | ) | (19,322 | ) | (2,952 | ) | (1,836 | ) | |||||||||
Earnings (losses) per common share - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Earnings (losses) per common share - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
________________________ | |||||||||||||||||
(a) | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. | ||||||||||||||||
Healthcare Trust of America Holdings, LP (HTALP) | ' | ||||||||||||||||
Selected Quarterly Financial Data [Line Items] | ' | ||||||||||||||||
Selected Quarterly Financial Data of HTALP (Unaudited) | ' | ||||||||||||||||
Selected Quarterly Financial Data of HTALP (Unaudited) | |||||||||||||||||
Set forth below is the unaudited selected quarterly financial data of HTALP for 2013 and 2012. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per unit data). The sum of the individual quarterly amounts may not agree to the annual amounts included in the consolidated statements of operations due to rounding. | |||||||||||||||||
Quarter Ended | |||||||||||||||||
2013 | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 76,427 | $ | 77,244 | $ | 82,541 | $ | 83,687 | |||||||||
Income (loss) from continuing operations | 1,347 | 13,925 | 4,625 | 3,680 | |||||||||||||
Income from discontinued operations | 37 | 308 | 380 | 382 | |||||||||||||
Net income (loss) | 1,384 | 14,233 | 5,005 | 4,062 | |||||||||||||
Net income (loss) attributable to common unitholders | 1,359 | 14,228 | 4,996 | 4,050 | |||||||||||||
Earnings (losses) per common unit - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common unitholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Earnings (losses) per common unit - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common unitholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Quarter Ended | |||||||||||||||||
2012 | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 70,676 | $ | 75,697 | $ | 77,532 | $ | 73,475 | |||||||||
Income (loss) from continuing operations | (430 | ) | (19,458 | ) | (3,074 | ) | (1,975 | ) | |||||||||
Income from discontinued operations | 123 | 144 | 143 | 158 | |||||||||||||
Net income (loss) | (307 | ) | (19,314 | ) | (2,931 | ) | (1,817 | ) | |||||||||
Net income (loss) attributable to common unitholders | (310 | ) | (19,319 | ) | (2,951 | ) | (1,829 | ) | |||||||||
Earnings (losses) per common unit - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common unitholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Earnings (losses) per common unit - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common unitholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ' | |||||||||||||||||||
Schedule II - Valuation and Qualifying Accounts | ' | |||||||||||||||||||
Balance at | Charged to | Adjustments | Deductions | Balance at | ||||||||||||||||
Beginning | Expenses | to Valuation | End of Period | |||||||||||||||||
of Period | Accounts | |||||||||||||||||||
2013 - Allowance for doubtful accounts | $ | 2,168 | $ | 453 | $ | — | $ | (500 | ) | $ | 2,121 | |||||||||
2012 - Allowance for doubtful accounts | 1,498 | 1,064 | — | (394 | ) | 2,168 | ||||||||||||||
2011 - Allowance for doubtful accounts | 1,926 | 1,447 | — | (1,875 | ) | 1,498 | ||||||||||||||
Schedule_III_Real_Estate_Inves
Schedule III Real Estate Investments and Accumulated Depreciation | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||||||||||||||||
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||
SCHEDULE III — REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION | ' | ||||||||||||||||||||||||||||||||||||||
The following schedule presents our total real estate investments and accumulated depreciation for our operating properties as of December 31, 2013 (in thousands): | |||||||||||||||||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
Phoenix Med Center | Glendale, AZ | $ | 2,049 | $ | 453 | $ | 2,768 | $ | 194 | $ | 453 | $ | 2,962 | $ | 3,415 | (388 | ) | 1989 | 2011 | 39 | |||||||||||||||||||
Thunderbird MOP | Glendale, AZ | 13,148 | 3,842 | 19,679 | 3,116 | 3,842 | 22,795 | 26,637 | (5,541 | ) | 1976 - 1987 | 2007 | 39 | ||||||||||||||||||||||||||
Peoria MOB | Peoria, AZ | 4,151 | 605 | 4,394 | 268 | 605 | 4,662 | 5,267 | (621 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Baptist MC | Phoenix, AZ | 7,242 | — | 12,637 | 1,241 | — | 13,878 | 13,878 | (2,184 | ) | 1973 | 2008 | 39 | ||||||||||||||||||||||||||
Desert Ridge MOB | Phoenix, AZ | — | — | 27,738 | 503 | — | 28,241 | 28,241 | (1,988 | ) | 2004 - 2006 | 2011 | 39 | ||||||||||||||||||||||||||
Estrella Med Center | Phoenix, AZ | 19,909 | — | 24,703 | 747 | — | 25,450 | 25,450 | (2,888 | ) | 2004 | 2010 | 39 | ||||||||||||||||||||||||||
Sun City Boswell MOBs | Sun City, AZ | — | — | 20,290 | 1,300 | — | 21,590 | 21,590 | (4,779 | ) | 1971 - 2001 | 2009 | 39 | ||||||||||||||||||||||||||
Sun City Boswell West | Sun City, AZ | — | — | 6,610 | 864 | — | 7,474 | 7,474 | (1,272 | ) | 1992 | 2009 | 39 | ||||||||||||||||||||||||||
Sun City Webb MP | Sun City, AZ | — | — | 29,669 | 710 | — | 30,379 | 30,379 | (5,079 | ) | 1997 - 2004 | 2009 | 39 | ||||||||||||||||||||||||||
Sun City West MOBs | Sun City, AZ | — | 744 | 13,466 | 860 | 744 | 14,326 | 15,070 | (2,857 | ) | 1987 - 2002 | 2009 | 39 | ||||||||||||||||||||||||||
Gateway Med Plaza | Tucson, AZ | 9,960 | — | 14,005 | (94 | ) | — | 13,911 | 13,911 | (1,341 | ) | 2008 | 2010 | 39 | |||||||||||||||||||||||||
Tucson Academy MOP | Tucson, AZ | — | 1,193 | 6,107 | 1,153 | 1,193 | 7,260 | 8,453 | (1,698 | ) | 1978 | 2008 | 39 | ||||||||||||||||||||||||||
Tucson Desert Life MOP | Tucson, AZ | — | 1,309 | 17,572 | 706 | 1,309 | 18,278 | 19,587 | (4,010 | ) | 1980 - 1984 | 2007 | 39 | ||||||||||||||||||||||||||
Senior Care El Monte | El Monte, CA | — | 1,534 | 3,545 | (17 | ) | 1,534 | 3,528 | 5,062 | (585 | ) | 1964 | 2008 | 39 | |||||||||||||||||||||||||
Senior Care Lomita | Lomita, CA | — | 1,035 | 2,083 | (8 | ) | 1,035 | 2,075 | 3,110 | (371 | ) | 1959 | 2008 | 39 | |||||||||||||||||||||||||
St. Mary Physician's Center | Long Beach, CA | — | 1,815 | 10,242 | 471 | 1,815 | 10,713 | 12,528 | (1,890 | ) | 1992 | 2007 | 39 | ||||||||||||||||||||||||||
San Luis Obispo MOB | San Luis Obispo, CA | — | — | 11,900 | 1,469 | — | 13,369 | 13,369 | (1,523 | ) | 2009 | 2010 | 39 | ||||||||||||||||||||||||||
Hampden Place MOB | Englewood, CO | — | 3,032 | 12,553 | 13 | 3,032 | 12,566 | 15,598 | (1,832 | ) | 2004 | 2009 | 39 | ||||||||||||||||||||||||||
Highlands Ranch MOP | Highlands Ranch, CO | — | 2,240 | 10,426 | 1,516 | 2,240 | 11,942 | 14,182 | (2,724 | ) | 1983 - 1985 | 2007 | 39 | ||||||||||||||||||||||||||
Lincoln Medical Center | Parker, CO | — | 5,142 | 28,638 | — | 5,142 | 28,638 | 33,780 | (424 | ) | 2008 | 2013 | 39 | ||||||||||||||||||||||||||
Brandon MOP | Brandon, FL | — | 901 | 6,946 | 534 | 901 | 7,480 | 8,381 | (1,536 | ) | 1997 | 2008 | 39 | ||||||||||||||||||||||||||
Orlando Rehab Hospital | Edgewood, FL | — | 2,600 | 20,256 | 3,000 | 2,600 | 23,256 | 25,856 | (1,884 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
Palmetto MOB | Hialeah, FL | 5,924 | — | 15,512 | 26 | — | 15,538 | 15,538 | (246 | ) | 1980 | 2013 | 39 | ||||||||||||||||||||||||||
East FL Senior Jacksonville | Jacksonville, FL | — | 4,291 | 9,220 | — | 4,291 | 9,220 | 13,511 | (2,773 | ) | 1985 | 2007 | 39 | ||||||||||||||||||||||||||
King Street MOB | Jacksonville, FL | 5,653 | — | 7,232 | (70 | ) | — | 7,162 | 7,162 | (881 | ) | 2007 | 2010 | 39 | |||||||||||||||||||||||||
Jupiter MP | Jupiter, FL | — | 1,204 | 11,778 | — | 1,204 | 11,778 | 12,982 | — | 1996 - 1997 | 2013 | 39 | |||||||||||||||||||||||||||
Central FL SC | Lakeland, FL | — | 768 | 3,002 | 233 | 768 | 3,235 | 4,003 | (607 | ) | 1995 | 2008 | 39 | ||||||||||||||||||||||||||
Vista Pro Center MOP | Lakeland, FL | — | 1,082 | 3,587 | 75 | 1,082 | 3,662 | 4,744 | (830 | ) | 1996 - 1999 | 2007 - 2008 | 39 | ||||||||||||||||||||||||||
Largo, Medical Center | Largo, FL | 29,925 | — | 51,045 | — | — | 51,045 | 51,045 | — | 2009 | 2013 | 39 | |||||||||||||||||||||||||||
Largo MOP | Largo, FL | — | 729 | 8,908 | 411 | 729 | 9,319 | 10,048 | (1,872 | ) | 1975 - 1986 | 2008 | 39 | ||||||||||||||||||||||||||
FL Family Medical Center | Lauderdale Lakes, FL | — | — | 4,257 | 9 | — | 4,266 | 4,266 | (97 | ) | 1978 | 2013 | 39 | ||||||||||||||||||||||||||
Northwest Medical Park | Margate, FL | — | — | 9,525 | — | — | 9,525 | 9,525 | — | 2009 | 2013 | 39 | |||||||||||||||||||||||||||
North Shore MOB | Miami, FL | — | — | 4,942 | — | — | 4,942 | 4,942 | (101 | ) | 1978 | 2013 | 39 | ||||||||||||||||||||||||||
Common V MOB | Naples, FL | 9,214 | 4,173 | 9,070 | 229 | 4,173 | 9,299 | 13,472 | (1,826 | ) | 1990 | 2007 | 39 | ||||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
Orlando Lake Underhill MOB | Orlando, FL | — | — | 8,515 | 492 | — | 9,007 | 9,007 | (1,082 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Orlando Oviedo MOB | Oviedo, FL | — | — | 5,711 | 163 | — | 5,874 | 5,874 | (668 | ) | 1998 | 2010 | 39 | ||||||||||||||||||||||||||
Heart & Family Health MOB | Port St. Lucie, FL | — | 686 | 8,102 | — | 686 | 8,102 | 8,788 | — | 2008 | 2013 | 39 | |||||||||||||||||||||||||||
St. Lucie MC | Port St. Lucie, FL | — | — | 6,127 | — | — | 6,127 | 6,127 | — | 2008 | 2013 | 39 | |||||||||||||||||||||||||||
East FL Senior Sunrise | Sunrise, FL | — | 2,947 | 12,825 | — | 2,947 | 12,825 | 15,772 | (3,265 | ) | 1989 | 2007 | 39 | ||||||||||||||||||||||||||
Tallahassee Rehab Hospital | Tallahassee, FL | — | 7,142 | 18,691 | 2,400 | 7,142 | 21,091 | 28,233 | (1,831 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
FL Ortho Institute | Temple Terrace, FL | — | 2,923 | 17,647 | — | 2,923 | 17,647 | 20,570 | (1,763 | ) | 2001 - 2003 | 2010 | 39 | ||||||||||||||||||||||||||
Wellington MAP III | Wellington, FL | 7,977 | — | 10,511 | (85 | ) | — | 10,426 | 10,426 | (994 | ) | 2006 | 2010 | 39 | |||||||||||||||||||||||||
Victor Farris MOB | West Palm Beach, FL | 11,942 | — | 23,052 | — | — | 23,052 | 23,052 | (281 | ) | 1988 | 2013 | 39 | ||||||||||||||||||||||||||
East FL Senior Winter Park | Winter Park, FL | — | 2,840 | 12,825 | — | 2,840 | 12,825 | 15,665 | (3,591 | ) | 1988 | 2007 | 39 | ||||||||||||||||||||||||||
Augusta Rehab Hospital | Augusta, GA | — | 1,059 | 20,899 | — | 1,059 | 20,899 | 21,958 | (1,880 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
Austell Medical Park | Austell, GA | — | 432 | 4,057 | — | 432 | 4,057 | 4,489 | (83 | ) | 2007 | 2013 | 39 | ||||||||||||||||||||||||||
Camp Creek Med Center | Atlanta, GA | — | 2,961 | 19,688 | (179 | ) | 2,961 | 19,509 | 22,470 | (2,754 | ) | 2006 - 2010 | 2010 - 2012 | 39 | |||||||||||||||||||||||||
Decatur MP | Decatur, GA | — | 3,166 | 6,862 | 340 | 3,153 | 7,215 | 10,368 | (1,384 | ) | 1976 | 2008 | 39 | ||||||||||||||||||||||||||
Yorktown MC | Fayetteville, GA | — | 2,802 | 12,502 | 2,171 | 2,802 | 14,673 | 17,475 | (3,418 | ) | 1987 | 2007 | 39 | ||||||||||||||||||||||||||
Gwinett MOP | Lawrenceville, GA | — | 1,290 | 7,246 | 1,210 | 1,290 | 8,456 | 9,746 | (1,901 | ) | 1985 | 2007 | 39 | ||||||||||||||||||||||||||
Marietta Health Park | Marietta, GA | 7,200 | 1,276 | 12,197 | 417 | 1,276 | 12,614 | 13,890 | (2,552 | ) | 2000 | 2008 | 39 | ||||||||||||||||||||||||||
Shakerag MC | Peachtree City, GA | 12,875 | 743 | 3,290 | 1,171 | 743 | 4,461 | 5,204 | (1,025 | ) | 1994 | 2007 | 39 | ||||||||||||||||||||||||||
Northmeadow Medical Center | Roswell, GA | — | 1,245 | 9,109 | 104 | 1,245 | 9,213 | 10,458 | (1,976 | ) | 1999 | 2007 | 39 | ||||||||||||||||||||||||||
Overlook at Eagle's Landing | Stockbridge, GA | 5,143 | 638 | 6,685 | 79 | 638 | 6,764 | 7,402 | (852 | ) | 2004 | 2010 | 39 | ||||||||||||||||||||||||||
SouthCrest MOP | Stockbridge, GA | — | 4,260 | 14,636 | 390 | 4,260 | 15,026 | 19,286 | (3,411 | ) | 2005 | 2008 | 39 | ||||||||||||||||||||||||||
Rush Oak Park MOB | Oak Park, IL | — | 1,096 | 38,550 | — | 1,096 | 38,550 | 39,646 | (1,874 | ) | 2000 | 2012 | 39 | ||||||||||||||||||||||||||
Brownsburg MOB | Brownsburg, IN | — | 431 | 639 | 164 | 431 | 803 | 1,234 | (316 | ) | 1989 | 2008 | 39 | ||||||||||||||||||||||||||
Athens SC | Crawfordsville, IN | — | 381 | 3,575 | 117 | 381 | 3,692 | 4,073 | (831 | ) | 2000 | 2007 | 39 | ||||||||||||||||||||||||||
Crawfordsville MOB | Crawfordsville, IN | 4,104 | 318 | 1,899 | 50 | 318 | 1,949 | 2,267 | (510 | ) | 1997 | 2007 | 39 | ||||||||||||||||||||||||||
Deaconess Clinic Downtown | Evansville, IN | — | 1,748 | 21,963 | 60 | 1,748 | 22,023 | 23,771 | (3,097 | ) | 1952 - 1967 | 2010 | 39 | ||||||||||||||||||||||||||
Deaconess Clinic Westside | Evansville, IN | 20,178 | 360 | 3,265 | 166 | 360 | 3,431 | 3,791 | (468 | ) | 2005 | 2010 | 39 | ||||||||||||||||||||||||||
Dupont MOB | Fort Wayne, IN | — | — | 8,246 | — | — | 8,246 | 8,246 | — | 2004 | 2013 | 39 | |||||||||||||||||||||||||||
Ft. Wayne MOB | Fort Wayne, IN | — | — | 6,579 | — | — | 6,579 | 6,579 | (763 | ) | 2008 | 2009 | 39 | ||||||||||||||||||||||||||
Community MP | Indianapolis, IN | — | 560 | 3,581 | 192 | 560 | 3,773 | 4,333 | (796 | ) | 1995 | 2008 | 39 | ||||||||||||||||||||||||||
Eagle Highlands MOP | Indianapolis, IN | — | 2,216 | 11,154 | 4,128 | 2,216 | 15,282 | 17,498 | (2,931 | ) | 1988 - 1989 | 2008 | 39 | ||||||||||||||||||||||||||
Epler Parke MOP | Indianapolis, IN | — | 1,556 | 6,928 | (44 | ) | 1,556 | 6,884 | 8,440 | (1,748 | ) | 2002 - 2003 | 2007 - 2008 | 39 | |||||||||||||||||||||||||
Glendale Prof Plaza | Indianapolis, IN | — | 570 | 2,739 | 711 | 570 | 3,450 | 4,020 | (969 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
MMP Eagle Highlands | Indianapolis, IN | — | 1,044 | 13,548 | 1,755 | 1,044 | 15,303 | 16,347 | (3,304 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
MMP East | Indianapolis, IN | — | 1,236 | 9,840 | 1,580 | 1,236 | 11,420 | 12,656 | (3,297 | ) | 1996 | 2008 | 39 | ||||||||||||||||||||||||||
MMP North | Indianapolis, IN | — | 1,518 | 15,460 | 3,259 | 1,427 | 18,810 | 20,237 | (3,556 | ) | 1995 | 2008 | 39 | ||||||||||||||||||||||||||
MMP South | Indianapolis, IN | — | 1,127 | 10,414 | 843 | 1,127 | 11,257 | 12,384 | (2,672 | ) | 1994 | 2008 | 39 | ||||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
Southpointe MOP | Indianapolis, IN | 8,791 | 2,190 | 7,548 | 901 | 2,190 | 8,449 | 10,639 | (1,970 | ) | 1996 | 2007 | 39 | ||||||||||||||||||||||||||
Kokomo MOP | Kokomo, IN | — | 1,779 | 9,614 | 483 | 1,779 | 10,097 | 11,876 | (2,387 | ) | 1992 - 1994 | 2007 | 39 | ||||||||||||||||||||||||||
Deaconess Clinic Gateway | Newburgh, IN | — | — | 10,952 | (9 | ) | — | 10,943 | 10,943 | (1,303 | ) | 2006 | 2010 | 39 | |||||||||||||||||||||||||
Zionsville MC | Zionsville, IN | — | 655 | 2,877 | 430 | 664 | 3,298 | 3,962 | (813 | ) | 1992 | 2008 | 39 | ||||||||||||||||||||||||||
KS Doctors MOB | Overland Park, KS | — | 1,808 | 9,517 | 850 | 1,808 | 10,367 | 12,175 | (2,150 | ) | 1978 | 2008 | 39 | ||||||||||||||||||||||||||
Nashoba Valley Med Center MOB | Ayer, MA | — | — | 5,529 | 299 | 299 | 5,529 | 5,828 | (339 | ) | 1976 - 2007 | 2012 | 31 | ||||||||||||||||||||||||||
St. Elizabeth's Med Center | Brighton, MA | — | — | 20,929 | 3,663 | 1,379 | 23,213 | 24,592 | (1,186 | ) | 1965 - 1988 | 2012 | 31 | ||||||||||||||||||||||||||
Good Samaritan Cancer Center | Brockton, MA | — | — | 4,171 | 10 | — | 4,181 | 4,181 | (188 | ) | 2007 | 2012 | 31 | ||||||||||||||||||||||||||
Good Samaritan Med Center MOB | Brockton, MA | — | — | 11,716 | 144 | 144 | 11,716 | 11,860 | (686 | ) | 1980 | 2012 | 31 | ||||||||||||||||||||||||||
Carney Hospital MOB | Dorchester, MA | — | — | 7,250 | 530 | 530 | 7,250 | 7,780 | (423 | ) | 1978 | 2012 | 31 | ||||||||||||||||||||||||||
Norwood Hospital MOB | Fall River and Foxborough, MA | — | — | 9,489 | 128 | 2,295 | 7,322 | 9,617 | (458 | ) | 1930 - 2000 | 2012 | 31 | ||||||||||||||||||||||||||
St. Anne's Hospital MOB | Fall River, MA | — | — | 9,304 | 40 | 40 | 9,304 | 9,344 | (418 | ) | 2011 | 2012 | 31 | ||||||||||||||||||||||||||
Holy Family Hospital MOB | Methuen, MA | — | — | 4,502 | 179 | 168 | 4,513 | 4,681 | (316 | ) | 1988 | 2012 | 31 | ||||||||||||||||||||||||||
N. Berkshire MOB | North Adams, MA | — | — | 7,259 | 231 | — | 7,490 | 7,490 | (768 | ) | 2002 | 2011 | 39 | ||||||||||||||||||||||||||
Morton Hospital MOB | Taunton, MA | — | — | 15,317 | 549 | 502 | 15,364 | 15,866 | (1,344 | ) | 1988 | 2012 | 31 | ||||||||||||||||||||||||||
Smyth MOB | Baltimore, MD | — | — | 7,760 | 48 | — | 7,808 | 7,808 | (1,209 | ) | 1984 | 2009 | 39 | ||||||||||||||||||||||||||
Triad Tech Center | Baltimore, MD | 11,450 | — | 26,548 | — | — | 26,548 | 26,548 | (2,734 | ) | 1989 | 2010 | 39 | ||||||||||||||||||||||||||
St. John Providence MOB | Novi, MI | — | — | 42,371 | — | — | 42,371 | 42,371 | (3,283 | ) | 2007 | 2012 | 39 | ||||||||||||||||||||||||||
Fort Road MOB | St. Paul, MN | — | 1,571 | 5,786 | 541 | 1,571 | 6,327 | 7,898 | (1,232 | ) | 1981 | 2008 | 39 | ||||||||||||||||||||||||||
Gallery Professional Building | St. Paul, MN | 5,793 | 1,157 | 5,009 | 3,242 | 1,157 | 8,251 | 9,408 | (2,629 | ) | 1979 | 2007 | 39 | ||||||||||||||||||||||||||
Chesterfield Rehab Hospital | Chesterfield, MO | — | 4,213 | 27,900 | 770 | 4,313 | 28,570 | 32,883 | (4,935 | ) | 2007 | 2007 | 39 | ||||||||||||||||||||||||||
BJC West County MOB | Creve Coeur, MO | — | 2,242 | 13,130 | 571 | 2,242 | 13,701 | 15,943 | (2,722 | ) | 1978 | 2008 | 39 | ||||||||||||||||||||||||||
Winghaven MOB | O'Fallon, MO | — | 1,455 | 9,708 | 514 | 1,455 | 10,222 | 11,677 | (2,104 | ) | 2001 | 2008 | 39 | ||||||||||||||||||||||||||
BJC MOB | St. Louis, MO | — | 304 | 1,552 | — | 304 | 1,552 | 1,856 | (302 | ) | 2001 | 2008 | 39 | ||||||||||||||||||||||||||
Des Peres MAP II | St. Louis, MO | — | — | 11,386 | 644 | — | 12,030 | 12,030 | (1,280 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
San Martin MAP | Las Vegas, NV | — | — | 14,777 | (155 | ) | — | 14,622 | 14,622 | (1,446 | ) | 2007 | 2010 | 39 | |||||||||||||||||||||||||
Nutfield Professional Center | Derry, NH | — | 1,075 | 10,320 | 745 | 1,075 | 11,065 | 12,140 | (1,716 | ) | 1963 | 2008 | 39 | ||||||||||||||||||||||||||
Santa Fe 1640 MOB | Santa Fe, NM | 3,348 | 697 | 4,268 | 35 | 697 | 4,303 | 5,000 | (481 | ) | 1985 | 2010 | 39 | ||||||||||||||||||||||||||
Santa Fe 440 MOB | Santa Fe, NM | — | 842 | 7,448 | 9 | 842 | 7,457 | 8,299 | (882 | ) | 1978 | 2010 | 39 | ||||||||||||||||||||||||||
Madison Ave MOB | Albany, NY | 1,871 | 83 | 2,759 | 12 | 83 | 2,771 | 2,854 | (280 | ) | 1964 | 2010 | 39 | ||||||||||||||||||||||||||
Patroon Creek HQ | Albany, NY | 20,135 | 1,870 | 29,453 | — | 1,870 | 29,453 | 31,323 | (2,827 | ) | 2001 | 2010 | 39 | ||||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
Patroon Creek MOB | Albany, NY | 22,616 | 1,439 | 27,639 | 124 | 1,439 | 27,763 | 29,202 | (2,719 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
Washington Ave MOB | Albany, NY & Scottsdale, AZ | — | 1,699 | 18,440 | 184 | 1,699 | 18,624 | 20,323 | (2,075 | ) | 1998 - 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Putnam MOB | Carmel, NY | 18,304 | — | 24,216 | — | — | 24,216 | 24,216 | (2,055 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Capital Region Health Park | Latham, NY | — | 2,305 | 37,494 | 564 | 2,305 | 38,058 | 40,363 | (3,900 | ) | 2001 | 2010 | 39 | ||||||||||||||||||||||||||
St. Francis MAP | Poughkeepsie, NY | — | — | 17,810 | 1,363 | — | 19,173 | 19,173 | (2,296 | ) | 2006 | 2010 | 39 | ||||||||||||||||||||||||||
Medical Park of Cary | Cary, NC | — | 2,931 | 19,855 | 1,041 | 2,931 | 20,896 | 23,827 | (2,440 | ) | 1994 | 2010 | 39 | ||||||||||||||||||||||||||
Raleigh Medical Center | Raleigh, NC | — | 1,281 | 12,530 | 2,093 | 1,281 | 14,623 | 15,904 | (1,728 | ) | 1989 | 2010 | 39 | ||||||||||||||||||||||||||
Liberty Falls MP | Liberty, OH | — | 842 | 5,640 | 624 | 842 | 6,264 | 7,106 | (1,519 | ) | 2008 | 2008 | 39 | ||||||||||||||||||||||||||
Lima MOP | Lima, OH | — | 700 | 19,053 | 978 | 700 | 20,031 | 20,731 | (4,253 | ) | 1970 - 2004 | 2007 | 39 | ||||||||||||||||||||||||||
Market Exchange MOP | Columbus, OH | — | 2,326 | 17,207 | 2,393 | 2,326 | 19,600 | 21,926 | (3,166 | ) | 2001 - 2003 | 2007 - 2010 | 39 | ||||||||||||||||||||||||||
Park Place MOP | Kettering, OH | — | 1,987 | 11,341 | 1,212 | 1,987 | 12,553 | 14,540 | (3,186 | ) | 1998 - 2002 | 2007 | 39 | ||||||||||||||||||||||||||
Parma Ridge MOB | Parma, OH | — | 372 | 3,636 | 595 | 372 | 4,231 | 4,603 | (856 | ) | 1977 | 2008 | 39 | ||||||||||||||||||||||||||
Deaconess MOP | Oklahoma City, OK | — | — | 25,975 | 2,123 | — | 28,098 | 28,098 | (4,997 | ) | 1991 - 1996 | 2008 | 39 | ||||||||||||||||||||||||||
Monroeville MOB | Monroeville, PA | — | 3,264 | 7,038 | 41 | 3,264 | 7,079 | 10,343 | (284 | ) | 1985 - 1989 | 2013 | 39 | ||||||||||||||||||||||||||
2750 Monroe MOB | Norristown, PA | — | 2,323 | 22,631 | 5,423 | 2,323 | 28,054 | 30,377 | (5,292 | ) | 1985 | 2007 | 39 | ||||||||||||||||||||||||||
Federal North MOB | Pittsburgh, PA | — | 2,489 | 30,268 | 80 | 2,489 | 30,348 | 32,837 | (3,259 | ) | 1999 | 2010 | 39 | ||||||||||||||||||||||||||
Highmark Penn Ave | Pittsburgh, PA | — | 1,774 | 38,921 | 141 | 1,774 | 39,062 | 40,836 | (2,536 | ) | 1907 | 2012 | 39 | ||||||||||||||||||||||||||
WP Allegheny HQ MOB | Pittsburgh, PA | — | 1,514 | 32,368 | 330 | 1,514 | 32,698 | 34,212 | (3,068 | ) | 2002 | 2010 | 39 | ||||||||||||||||||||||||||
Cannon Park Place | Charleston, SC | — | 425 | 8,651 | 44 | 425 | 8,695 | 9,120 | (884 | ) | 1998 | 2010 | 39 | ||||||||||||||||||||||||||
GHS Memorial | Greenville, SC | 4,269 | — | 8,301 | 115 | — | 8,416 | 8,416 | (1,030 | ) | 1992 | 2009 | 39 | ||||||||||||||||||||||||||
GHS MMC | Greenville, SC | 21,859 | 995 | 39,158 | 769 | 995 | 39,927 | 40,922 | (4,832 | ) | 1987 - 1998 | 2009 | 39 | ||||||||||||||||||||||||||
GHS MOBs I | Greenville, SC | — | 1,644 | 9,144 | 505 | 1,644 | 9,649 | 11,293 | (1,300 | ) | 1974 - 1990 | 2009 | 39 | ||||||||||||||||||||||||||
GHS Patewood MOP | Greenville, SC | 34,164 | — | 64,537 | 415 | — | 64,952 | 64,952 | (8,081 | ) | 1983 - 2007 | 2009 | 39 | ||||||||||||||||||||||||||
GHS Greer MOBs | Greenville, Travelers Res and Greer, SC & Scottsdale, AZ | 8,064 | 1,309 | 14,639 | 13 | 1,309 | 14,652 | 15,961 | (1,830 | ) | 1992 - 2008 | 2009 | 39 | ||||||||||||||||||||||||||
Hilton Head Heritage MOP | Hilton Head Island, SC | — | 1,125 | 5,398 | 3 | 1,125 | 5,401 | 6,526 | (757 | ) | 1996 | 2010 | 39 | ||||||||||||||||||||||||||
Hilton Head Moss Creek MOB | Hilton Head Island, SC | — | 209 | 2,066 | — | 209 | 2,066 | 2,275 | (211 | ) | 2010 | 2010 | 39 | ||||||||||||||||||||||||||
East Cooper Medical Center | Mt. Pleasant, SC | — | 2,073 | 5,939 | 197 | 2,073 | 6,136 | 8,209 | (1,008 | ) | 1992 | 2010 | 39 | ||||||||||||||||||||||||||
Mary Black MOB | Spartanburg,SC | — | — | 12,523 | 65 | — | 12,588 | 12,588 | (1,901 | ) | 2006 | 2009 | 39 | ||||||||||||||||||||||||||
Lenox Office Park | Memphis, TN | 11,578 | 1,670 | 13,626 | (795 | ) | 1,670 | 12,831 | 14,501 | (2,708 | ) | 2000 | 2007 | 39 | |||||||||||||||||||||||||
Mountain Empire MOBs | Rogersville, Kingsport and Bristol, TN & Norton and Pennington Gap, VA | — | 1,296 | 36,523 | 1,370 | 1,296 | 37,893 | 39,189 | (6,953 | ) | 1976 - 2006 | 2008 - 2011 | 39 | ||||||||||||||||||||||||||
Amarillo Hospital | Amarillo, TX | — | 1,110 | 17,688 | 6 | 1,110 | 17,694 | 18,804 | (2,820 | ) | 2007 | 2008 | 39 | ||||||||||||||||||||||||||
Senior Care- Meadowview | Arlington, TX | — | 350 | 2,066 | 15 | 350 | 2,081 | 2,431 | (480 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
Austin Heart MOB | Austin,TX | 4,775 | — | 15,172 | — | — | 15,172 | 15,172 | (38 | ) | 1999 | 2013 | 39 | ||||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
Post Oak North MC | Austin,TX | — | 887 | 7,011 | — | 887 | 7,011 | 7,898 | (45 | ) | 2007 | 2013 | 39 | ||||||||||||||||||||||||||
Texas A&M Health Science Center | Bryan, TX | — | — | 32,494 | — | — | 32,494 | 32,494 | (843 | ) | 2011 | 2013 | 39 | ||||||||||||||||||||||||||
Dallas Rehab Hospital | Carrollton, TX | — | 1,919 | 16,341 | — | 1,919 | 16,341 | 18,260 | (1,550 | ) | 2006 | 2010 | 39 | ||||||||||||||||||||||||||
Cedar Hill MOB | Cedar Hill, TX | — | 778 | 4,830 | 113 | 778 | 4,943 | 5,721 | (972 | ) | 2007 | 2008 | 39 | ||||||||||||||||||||||||||
Corsicana MOB | Corsicana, TX | — | — | 6,781 | — | — | 6,781 | 6,781 | (1,013 | ) | 2007 | 2009 | 39 | ||||||||||||||||||||||||||
Dallas LTAC Hospital | Dallas, TX | — | 2,301 | 20,627 | — | 2,301 | 20,627 | 22,928 | (2,406 | ) | 2007 | 2009 | 39 | ||||||||||||||||||||||||||
Forest Park Pavilion | Dallas, TX | — | 9,670 | 11,152 | 153 | 9,670 | 11,305 | 20,975 | (508 | ) | 2010 | 2012 | 39 | ||||||||||||||||||||||||||
Forest Park Tower | Dallas, TX | — | 3,340 | 35,071 | 4 | 3,340 | 35,075 | 38,415 | (1,032 | ) | 2011 | 2013 | 39 | ||||||||||||||||||||||||||
Denton Med Rehab Hospital | Denton, TX | — | 2,000 | 11,704 | — | 2,000 | 11,704 | 13,704 | (1,610 | ) | 2008 | 2009 | 39 | ||||||||||||||||||||||||||
Denton MOB | Denton, TX | — | — | 7,543 | — | — | 7,543 | 7,543 | (874 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Forest Park Frisco MC | Frisco, TX | — | 1,238 | 19,979 | 313 | 1,238 | 20,292 | 21,530 | (211 | ) | 2012 | 2013 | 39 | ||||||||||||||||||||||||||
Senior Care Galveston | Galveston, TX | — | 966 | 7,195 | 6 | 966 | 7,201 | 8,167 | (1,219 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
Greenville MOB | Greenville, TX | — | 616 | 10,822 | 277 | 616 | 11,099 | 11,715 | (2,015 | ) | 2007 | 2008 | 39 | ||||||||||||||||||||||||||
7900 Fannin MOB | Houston, TX | 21,898 | — | 34,764 | 134 | — | 34,898 | 34,898 | (3,571 | ) | 2005 | 2010 | 39 | ||||||||||||||||||||||||||
Cypress Station MOB | Houston, TX | — | 1,345 | 8,312 | 655 | 1,345 | 8,967 | 10,312 | (1,899 | ) | 1981 | 2008 | 39 | ||||||||||||||||||||||||||
Triumph Hospital NW | Houston, TX | — | 1,377 | 14,531 | 239 | 1,377 | 14,770 | 16,147 | (3,710 | ) | 1986 | 2007 | 39 | ||||||||||||||||||||||||||
Lone Star Endoscopy MOB | Keller, TX | — | 622 | 3,502 | (5 | ) | 622 | 3,497 | 4,119 | (661 | ) | 2006 | 2008 | 39 | |||||||||||||||||||||||||
Lewisville MOB | Lewisville, TX | — | 452 | 3,841 | — | 452 | 3,841 | 4,293 | (512 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Pearland MOB | Pearland, TX | — | 1,602 | 7,017 | 9 | 1,602 | 7,026 | 8,628 | (1,114 | ) | 2003 - 2007 | 2010 | 39 | ||||||||||||||||||||||||||
Senior Care Port Arthur | Port Arthur, TX | — | 521 | 7,368 | 4 | 521 | 7,372 | 7,893 | (1,296 | ) | 1994 | 2008 | 39 | ||||||||||||||||||||||||||
San Angelo MOB | San Angelo, TX | — | — | 3,907 | — | — | 3,907 | 3,907 | (577 | ) | 2007 | 2009 | 39 | ||||||||||||||||||||||||||
Mtn Plains Pecan Valley | San Antonio, TX | — | 416 | 13,690 | 993 | 416 | 14,683 | 15,099 | (2,247 | ) | 1998 | 2008 | 39 | ||||||||||||||||||||||||||
Sugar Land II MOB | Sugar Land, TX | — | — | 9,648 | 154 | — | 9,802 | 9,802 | (1,654 | ) | 1999 | 2010 | 39 | ||||||||||||||||||||||||||
Triumph Hospital SW | Sugar Land, TX | — | 1,670 | 14,018 | — | 1,670 | 14,018 | 15,688 | (3,542 | ) | 1989 | 2007 | 39 | ||||||||||||||||||||||||||
Senior Care Texas City | Texas City, TX | — | 465 | 7,744 | 3 | 465 | 7,747 | 8,212 | (1,307 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
Baylor MP | Waxahachie, TX | — | 865 | 6,728 | 289 | 865 | 7,017 | 7,882 | (1,315 | ) | 2006 | 2008 | 39 | ||||||||||||||||||||||||||
Mtn Plains Clear Lake | Webster, TX | — | 832 | 21,168 | 11 | 832 | 21,179 | 22,011 | (3,470 | ) | 2006 | 2008 | 39 | ||||||||||||||||||||||||||
N. Texas Neurology MOB | Wichita Falls, TX | — | 736 | 5,611 | (6 | ) | 736 | 5,605 | 6,341 | (1,035 | ) | 1957 | 2008 | 39 | |||||||||||||||||||||||||
Renaissance MC | Bountiful, UT | 18,599 | 3,701 | 24,442 | 210 | 3,701 | 24,652 | 28,353 | (3,701 | ) | 2004 | 2008 | 39 | ||||||||||||||||||||||||||
Aurora - Franklin | Franklin, WI | — | 945 | 15,336 | — | 945 | 15,336 | 16,281 | (2,817 | ) | 2003 | 2009 | 39 | ||||||||||||||||||||||||||
Aurora - Menomenee | Menomonee Falls, WI | — | 1,055 | 14,998 | — | 1,055 | 14,998 | 16,053 | (3,123 | ) | 1964 | 2009 | 39 | ||||||||||||||||||||||||||
Aurora - Mequon | Mequon, WI | 9,568 | 950 | 19,027 | — | 950 | 19,027 | 19,977 | (3,611 | ) | 1992 - 2001 | 2009 | 39 | ||||||||||||||||||||||||||
Aurora - Milwaukee | Milwaukee, WI | — | 350 | 5,508 | — | 350 | 5,508 | 5,858 | (1,125 | ) | 1983 | 2009 | 39 | ||||||||||||||||||||||||||
Aurora - Richfield | Richfield, WI | — | 255 | 2,818 | — | 255 | 2,818 | 3,073 | (707 | ) | 1996 | 2009 | 39 | ||||||||||||||||||||||||||
Total | 403,676 | 192,530 | 2,263,032 | 82,104 | 197,892 | 2,339,774 | 2,537,666 | (305,056 | ) | ||||||||||||||||||||||||||||||
Assets held for sale | — | 5,109 | 17,961 | 336 | 5,109 | 15,181 | 20,290 | — | |||||||||||||||||||||||||||||||
Total real estate | $ | 403,676 | $ | 197,639 | $ | 2,280,993 | $ | 82,440 | $ | 203,001 | $ | 2,354,955 | $ | 2,557,956 | $ | (305,056 | ) | ||||||||||||||||||||||
(a) | The cost capitalized subsequent to acquisition is net of dispositions. | ||||||||||||||||||||||||||||||||||||||
(b) | The above table excludes lease intangibles, see (d) and (g). | ||||||||||||||||||||||||||||||||||||||
(c) | The changes in total real estate for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands): | ||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||
Balance as of the beginning of the year | $ | 2,227,764 | $ | 1,971,254 | $ | 1,902,586 | |||||||||||||||||||||||||||||||||
Acquisitions | 308,229 | 239,403 | 55,017 | ||||||||||||||||||||||||||||||||||||
Additions | 27,787 | 18,761 | 19,157 | ||||||||||||||||||||||||||||||||||||
Dispositions | (2,707 | ) | (1,654 | ) | (5,506 | ) | |||||||||||||||||||||||||||||||||
Reclassification of accumulated depreciation for assets held for sale | (3,117 | ) | — | — | |||||||||||||||||||||||||||||||||||
Balance as of the end of the year (d) | $ | 2,557,956 | $ | 2,227,764 | $ | 1,971,254 | |||||||||||||||||||||||||||||||||
(d) | The balances as of December 31, 2013, 2012 and 2011 exclude gross lease intangibles of $410.2 million, $352.9 million and $320.4 million, respectively. | ||||||||||||||||||||||||||||||||||||||
(e) | The aggregate cost of our real estate for federal income tax purposes was $3.1 billion. | ||||||||||||||||||||||||||||||||||||||
(f) | The changes in accumulated depreciation for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands): | ||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||||||||||||||||
Balance as of the beginning of the year | $ | 235,157 | $ | 164,783 | $ | 105,123 | |||||||||||||||||||||||||||||||||
Additions | 75,656 | 72,028 | 65,158 | ||||||||||||||||||||||||||||||||||||
Dispositions | (2,640 | ) | (1,654 | ) | (5,498 | ) | |||||||||||||||||||||||||||||||||
Reclassification of accumulated depreciation for assets held for sale | (3,117 | ) | — | — | |||||||||||||||||||||||||||||||||||
Balance as of the end of the year (g) | $ | 305,056 | $ | 235,157 | $ | 164,783 | |||||||||||||||||||||||||||||||||
(g) | The balances as of December 31, 2013, 2012 and 2011 exclude accumulated amortization of lease intangibles of $136.1 million, $114.0 million and $88.6 million, respectively. | ||||||||||||||||||||||||||||||||||||||
(h) | Tenant improvements are depreciated over the shorter of the lease term or useful life, ranging from one month to 240 months, respectively. Furniture, fixtures and equipment are depreciated over five years. |
Schedule_IV_Mortgage_Loans_On_
Schedule IV - Mortgage Loans On Real Estate Assets | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Mortgage Loans on Real Estate [Abstract] | ' | |||||||||||||||||||
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE ASSETS | ' | |||||||||||||||||||
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE ASSETS | ||||||||||||||||||||
The following is a summary of our mortgage loans receivable as of December 31, 2013 (in thousands): | ||||||||||||||||||||
Description | Interest Rate | Maturity Date | Periodic | Prior Liens | Face Amount | Carrying | Principal Amount of Loans Subject to Delinquent Principal or Interest | |||||||||||||
Payment | of Mortgages | Amount of | ||||||||||||||||||
Terms | Mortgages | |||||||||||||||||||
Note receivable secured by medical office building in Illinois | 10.95 | % | 6/25/14 | -1 | -3 | $ | 7,500 | $ | 7,500 | -4 | ||||||||||
Note receivable secured by medical office building in Illinois | 10.95 | 6/25/14 | -1 | -3 | 7,500 | 7,500 | -4 | |||||||||||||
Note receivable secured by medical office building in Arizona | 10.85 | 6/25/14 | -1 | -3 | 3,750 | 3,750 | -4 | |||||||||||||
Note receivable secured by medical office building in Arizona | 10.85 | 6/25/14 | -1 | -3 | 1,250 | 1,250 | -4 | |||||||||||||
Note receivable secured by medical office building in Florida | 7 | 10/1/16 | -2 | -3 | 4,262 | 4,262 | -4 | |||||||||||||
Note receivable secured by medical office building in Florida | 7 | 10/1/16 | -2 | -3 | 4,258 | 4,258 | -4 | |||||||||||||
$ | 28,520 | $ | 28,520 | |||||||||||||||||
_______________________________________ | ||||||||||||||||||||
-1 | Interest due monthly, with principal due on maturity. | |||||||||||||||||||
-2 | Interest of 6% due monthly and borrower must pay $0.3 million of the principal on November 1, 2014. The remaining principal and the interest that is not paid monthly is due on maturity. | |||||||||||||||||||
-3 | There are no prior liens on any of the mortgage loans. | |||||||||||||||||||
-4 | No mortgage loans are delinquent with respect to principal or interest. | |||||||||||||||||||
The following shows changes in the carrying amounts of mortgage loans on real estate assets during the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
Balance as of the beginning of the year | $ | 20,000 | $ | 57,459 | $ | 57,091 | ||||||||||||||
Additions: | ||||||||||||||||||||
New mortgage loans | 8,520 | — | — | |||||||||||||||||
Amortization of discount and capitalized loan costs, net | — | — | 368 | |||||||||||||||||
Deductions: | ||||||||||||||||||||
Mortgage loan included in the consideration for the acquisition of a building | — | (37,264 | ) | — | ||||||||||||||||
Write-off of capitalized closing costs | — | (195 | ) | — | ||||||||||||||||
Balance as of the end of the year | $ | 28,520 | $ | 20,000 | $ | 57,459 | ||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation | ' |
Basis of Presentation | |
Our accompanying consolidated financial statements include our accounts and those of our subsidiaries and any consolidated variable interest entities, or VIEs. All inter-company balances and transactions have been eliminated in the accompanying consolidated financial statements. | |
Reclassifications | ' |
Reclassifications | |
To better present our real estate related balances, we have chosen to break out the details of real estate investments (net) in our balance sheet as opposed to disclosing the details in a footnote. In addition, we have reclassified certain accounts, as further discussed below, in HTA’s previously issued balance sheet to conform to current period presentation. In place leases and tenant relationship intangibles are now included in real estate investments (net) as lease intangibles. In addition, accounts and other receivables (net) have been combined with receivables and other assets (net). None of the revised reclassifications reflect corrections of any amounts. | |
Use of Estimates | ' |
Use of Estimates | |
The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. These estimates are made and evaluated on an ongoing basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates, perhaps in adverse ways, and those estimates could be different under different assumptions or conditions. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
Cash and cash equivalents consist of all highly liquid investments with a maturity of three months or less when purchased. | |
Restricted Cash | ' |
Restricted Cash | |
Restricted cash is comprised of reserve accounts for property taxes, insurance, capital improvements and tenant improvements as well as collateral accounts for debt and interest rate swaps. | |
Revenue Recognition | ' |
Minimum annual rental revenue is recognized on a straight-line basis over the term of the related lease (including rent holidays). Differences between rental income recognized and amount contractually due under the lease agreements are credited or charged, as applicable, to straight-line rent receivables. Tenant reimbursement revenue, which is comprised of additional amounts recoverable from tenants for common area maintenance expenses and certain other recoverable expenses, is recognized as revenue in the period in which the related expenses are incurred. Tenant reimbursements are recorded on a gross basis, as we are generally the primary obligor with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier, and have credit risk. We recognize lease termination fees when there is a signed termination letter agreement, all of the conditions of the agreement have been met, and the tenant is no longer occupying the property. Rental income is reported net of amortization recorded on lease inducements. | |
Tenant Receivables and Allowance for Uncollectible Account | ' |
Tenant receivables and straight-line rent receivables are carried net of the allowances for uncollectible amounts. An allowance is maintained for estimated losses resulting from the inability of certain tenants to meet the contractual obligations under their leases. Such allowance is charged to bad debt expense which is included in general and administrative expense in our accompanying consolidated statements of operations. Our determination of the adequacy of these allowances is based primarily upon evaluations of historical loss experience, the tenant’s financial condition, security deposits, letters of credit, lease guarantees and current economic conditions and other relevant factors. | |
Real Estate Acquisitions | ' |
Real Estate Acquisitions | |
With the assistance of independent valuation specialists, we record the purchase price of completed business acquisitions associated with tangible and intangible assets and liabilities based on their fair values. The tangible assets (building and land) are determined based upon the value of the property as if it were to be replaced or as if it were vacant using discounted cash flow models similar to those used by market participants. Factors considered by us include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. Additionally, the purchase price of the applicable completed acquisition property is inclusive of above or below market leases, above or below market leasehold interests, in place leases, tenant relationships, above or below market debt assumed, interest rate swaps assumed and any contingent consideration. | |
The value of above or below market leases is determined based upon the present value (using a discount rate which reflects the risks associated with the acquired leases) of the difference between: (1) the contractual amounts to be received pursuant to the lease over its remaining term; and (2) our estimate of the amounts that would be received using fair market rates over the remaining term of the lease including any bargain renewal periods. The amounts associated with above market leases are included in other intangibles, net in our accompanying consolidated balance sheets and amortized to rental income over the remaining non-cancelable lease term of the acquired leases with each property. The amounts allocated to below market leases are included in intangible liabilities, net in our accompanying consolidated balance sheets and amortized to rental income over the remaining non-cancelable lease term plus any below market renewal options of the acquired leases with each property. | |
The value associated with above or below market leasehold interests is determined based upon the present value (using a discount rate which reflects the risks associated with the acquired leases) of the difference between: (1) the contractual amounts to be paid pursuant to the lease over its remaining term; and (2) our estimate of the amounts that would be paid using fair market rates over the remaining term of the lease including any bargain renewal periods. The amounts recorded for above market leasehold interests are included in intangible liabilities, net in our accompanying consolidated balance sheets and amortized to rental expense over the remaining non-cancelable lease term of the acquired leases with each property. The amounts allocated to below market leasehold interests are included in other intangibles, net in our accompanying consolidated balance sheets and amortized to rental expense over the remaining non-cancelable lease term plus any below market renewal options of the acquired leases with each property. | |
The total amount of other intangible assets includes in place leases and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with that respective tenant. Characteristics considered by us in allocating these values include the nature and extent of the credit quality and expectations of lease renewals, among other factors. The amounts recorded for in place leases are included in lease intangibles in our accompanying consolidated balance sheets and will be amortized to amortization expense over the average remaining non-cancelable lease term of the acquired leases with each property. The amounts recorded for tenant relationships are included in lease intangibles in our accompanying consolidated balance sheets and are amortized to amortization expense over the average remaining non-cancelable lease term of the acquired leases plus a market lease term. | |
The value recorded for above or below market debt is determined based upon the present value of the difference between the cash flow stream of the assumed mortgage and the cash flow stream of a market rate mortgage. The amounts recorded for above or below market debt are included in debt, net on our accompanying consolidated balance sheets and are amortized to interest expense over the remaining term of the assumed debt. | |
The value recorded for interest rate swaps is based upon a discounted cash flow analysis on the expected cash flows, taking into account interest rate curves and the period to maturity. See derivative financial instruments below for further discussion. | |
We record contingent consideration at fair value as of the acquisition date and reassess the fair value as of the end of each reporting period, with any changes being recognized in earnings. | |
Real Estate Investments | ' |
Real Estate Investments | |
The cost of operating properties includes the cost of land and completed buildings and related improvements. Expenditures that increase the service life of properties are capitalized and the cost of maintenance and repairs is charged to expense as incurred. The cost of buildings is depreciated on a straight-line basis over the estimated useful lives of the buildings up to 39 years and for tenant improvements, the shorter of the lease term or useful life, ranging from one month to 240 months, respectively. Furniture, fixtures and equipment is depreciated over five years. When depreciable property is retired, replaced or disposed of, the related costs and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operations. | |
Real Estate Held For Sale | ' |
Real Estate Held For Sale | |
We consider properties as held for sale once management commits to a plan to sell the property and has determined that the sale is probable and expected to occur within one year. Upon designation as held for sale, we record the property at the lower of its carrying amount or fair value, less costs to sell, and cease depreciation and amortization. The fair value is generally based on discounted cash flow analyses, which involve management’s best estimate of market participants’ holding period, market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods, and capital requirements. The results of operations of properties classified as held for sale are reflected as discontinued operations for all periods reported and the major classes of assets and liabilities are presented separately in the balance sheet. | |
Recoverability of Real Estate Investments | ' |
Recoverability of Real Estate Investments | |
Operating properties are evaluated for potential impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Impairment losses are recorded when indicators of impairment are present and the carrying amount of the asset is greater than the sum of the future undiscounted cash flows expected to be generated by that asset over the remaining expected hold period. We would recognize an impairment loss when the carrying amount is not recoverable to the extent the carrying amount exceeded the fair value of the property. The fair value is generally based on discounted cash flow analyses, which involve management’s best estimate of market participants’ holding periods, market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods, and capital requirements. | |
Real Estate Notes Receivable | ' |
Real Estate Notes Receivable | |
We evaluate the carrying values of real estate notes receivable on an individual basis. Management periodically evaluates the realizability of future cash flows from real estate notes receivable when events or circumstances, such as the non-receipt of principal and interest payments and/or significant deterioration of the financial condition of the borrower, indicate that the carrying amount of the real estate notes receivable may not be recoverable. An impairment loss is recognized in current period earnings and is calculated as the difference between the carrying amount of the real estate notes receivable and the discounted cash flows expected to be received, or if foreclosure is probable, the fair value of the collateral securing the real estate notes receivable. | |
Derivative Financial Instruments | ' |
Derivative Financial Instruments | |
We are exposed to the effect of interest rate changes in the normal course of business. We seek to mitigate these risks by following established risk management policies and procedures which include the occasional use of derivatives. Our primary strategy in entering into derivative contracts is to add stability to interest expense and to manage our exposure to interest rate movements. We utilize derivative instruments, including interest rate swap, to effectively convert a portion of our variable rate debt to fixed rate debt. We do not enter into derivative instruments for speculative purposes. | |
Derivatives are recognized as either assets or liabilities in our consolidated balance sheets and are measured at fair value. Since our derivative instruments are not designated as hedge instruments, they do not qualify for hedge accounting, and accordingly, changes in fair value are included as a component of interest expense in our consolidated statements of operations in the period of change. | |
The valuation of these instruments is determined with the assistance of an independent valuation specialist using a proprietary model that utilizes widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative, and observable inputs. The proprietary model reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. | |
We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. | |
Fair Value Measurements | ' |
Fair Value Measurements | |
Fair value is a market-based measurement and is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Financial assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows: | |
Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. | |
Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). | |
Level 3 — Unobservable inputs, only used to the extent that observable inputs are not available, reflect our assumptions about the pricing of an asset or liability. | |
We use fair value measurements to record fair value of certain assets and to estimate fair value of financial instruments not recorded at fair value but required to be disclosed at fair value. | |
Receivables and Other Assets | ' |
Receivables and Other Assets | |
Receivables and other assets consist of accounts and other receivables, tenant note receivable, deferred financing costs, deferred leasing costs, lease inducements, straight-line rent receivables, prepaid expenses, deposits, equipment and other and derivative financial instruments - interest rate swaps. Management periodically evaluates the realizability of future cash flows from tenant notes receivable when events or circumstances, such as the non-receipt of principal and interest payments and/or significant deterioration of the financial condition of the borrower, indicate that the carrying amount of the tenant note receivable may not be recoverable. An impairment charge is recognized in current period earnings and is calculated as the difference between the carrying amount of the tenant note receivable and the discounted cash flows expected to be received. Deferred financing costs include amounts paid to lenders and others to obtain financing and are amortized to interest expense on a straight-line basis over the term of the related loan which approximates the effective interest method. Deferred leasing costs are amounts incurred in executing a lease, both for external broker and marketing costs, plus a portion of internal leasing related costs. Deferred leasing costs are amortized on a straight-line basis method over the term of the applicable lease. Deferred leasing costs are included in operating activities in our consolidated statements of cash flows. Lease inducements are amortized on a straight-line basis against rental income over the term of the applicable lease. | |
Share-Based Compensation | ' |
Share-Based Compensation | |
We calculate the fair value of share-based awards on the date of grant. Restricted common stock is valued based on the closing price of our Class A common stock on the NYSE. The LTIP units were valued using a Monte Carlo simulation which took into account volatility, dividend yield, expected term, risk-free rate and stock price. We amortize the share-based compensation expense over the period that the awards are expected to vest, net of estimated forfeitures. See Note 11 for further discussion. | |
Noncontrolling Interests | ' |
Noncontrolling Interests | |
HTA’s net income attributable to noncontrolling interests in the accompanying consolidated statements of operations relate to both noncontrolling interest reflected within equity and redeemable noncontrolling interest of limited partners reflected outside of equity in the accompanying consolidated balance sheets. Limited partner units, including LTIP awards, in HTALP are accounted for as partners’ capital in HTALP’s accompanying consolidated balance sheets and as noncontrolling interest reflected within equity or redeemable noncontrolling interest of limited partners reflected outside of equity in HTA’s accompanying consolidated balance sheets. | |
Redeemable noncontrolling interests relate to the interests in our consolidated entities that are not wholly owned by us. As these redeemable noncontrolling interests provide for redemption features not solely within the control of the issuer, we classify such interests outside of permanent equity or partners’ capital. | |
Listing Expenses | ' |
Listing Expenses | |
Listing expenses primarily included fees associated with the Listing and share-based compensation expense associated with the LTIP awards that we granted in connection with the Listing. | |
Non-Traded REIT Expenses | ' |
Non-Traded REIT Expenses | |
Non-traded REIT expenses included stockholder services, including the printing and mailing of stockholder statements, the maintenance of an online investor portal, and other significant mailings and promotional investor materials traditionally borne by an advisor, which we did not have. As a result of our individual stockholders transferring their shares of HTA stock to brokers as a result of the Listing, we no longer incur these costs. Additionally, these expenses included share-based compensation expense attributable to our executives and Board of Directors. These related shares were accelerated pursuant to the Listing and were applicable to past services relative to our non-traded REIT status. | |
Income Taxes | ' |
Income Taxes | |
HTA believes that it has qualified to be taxed as a REIT under the provisions of the Internal Revenue Code of 1986, as amended or the Code, beginning with the taxable year ending December 31, 2007 and it intends to continue to qualify to be taxed as a REIT. To continue to qualify as a REIT for federal income tax purposes, HTA must meet certain organizational and operational requirements, including a requirement to pay dividend distributions to its stockholders of at least 90% of its annual taxable income. As a REIT, HTA is generally not subject to federal income tax on net income that it distributes to its stockholders, but it may be subject to certain state or local taxes on its income and property. | |
If HTA fails to qualify as a REIT in any taxable year, it will then be subject to U.S. federal income taxes on our taxable income and will not be permitted to qualify for treatment as a REIT for U.S. federal income tax purposes for four years following the year during which qualification is lost unless the IRS grants it relief under certain statutory provisions. Such an event could have a material adverse effect on its business, financial condition, results of operations and net cash available for dividend distributions to its stockholders. | |
As discussed in Note 1, HTA conducts substantially all of its operations through HTALP. As a partnership, HTALP generally is not liable for federal income taxes. The income and loss from the operations of HTALP is included in the tax returns of its partners, including HTA, who are responsible for reporting their allocable share of the partnership income and loss. Accordingly, no provision for income taxes has been made on the accompanying consolidated financial statements. | |
We do not have any liability for uncertain tax positions that we believe should be recognized in our accompanying consolidated financial statements. | |
Concentration of Credit Risk | ' |
Concentration of Credit Risk | |
We maintain the majority of our cash and cash equivalents at major financial institutions in the United States and deposits with these financial institutions may exceed the amount of insurance provided on such deposits; however, we regularly monitor the financial stability of these financial institutions and believe we are not currently exposed to any significant default risk with respect to these deposits. | |
Segment Disclosure | ' |
Segment Disclosure | |
We have determined that we have one reportable segment, with activities related to investing in medical office buildings, healthcare-related facilities and other real estate-related assets. Our investments in real estate and other real estate-related assets are geographically diversified and our chief operating decision maker evaluates operating performance on an individual asset level. As each of our assets has similar economic characteristics, tenants, and products and services, our assets have been aggregated into one reportable segment. | |
Recently Issued or Adopted Accounting Pronouncements | ' |
Recently Issued or Adopted Accounting Pronouncements | |
In January 2013, the Financial Accounting Standards Board issued Accounting Standards Update, or ASU, 2013-01, Balance Sheet (Topic 210) - Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, or ASU 2013-01, which clarifies the scope of ASU 2011-11, Balance Sheet (Topic 210) - Disclosures about Offsetting Assets and Liabilities. ASU 2013-01 requires entities to disclose both gross and net information about derivatives, including bifurcated embedded derivatives, repurchase agreements and reverse purchase agreements and securities borrowing and securities lending transactions that are subject to an agreement similar to a master netting arrangement. Entities are required to apply these disclosures for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. An entity must provide the disclosures required by those amendments retrospectively for all comparative periods presented. We adopted ASU 2011-11 and ASU 2013-01 in the first quarter of fiscal 2013, see Note 9. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounting Policies [Abstract] | ' | ||||||||
Schedule of Reclassifications | ' | ||||||||
The following table presents the previously reported balances and the reclassified balances for the impacted line items of the December 31, 2012 balance sheet (in thousands): | |||||||||
December 31, 2012 | |||||||||
As Previously Reported | As Reclassified | ||||||||
Real estate investments: | |||||||||
Land | $ | — | $ | 183,651 | |||||
Building and improvements | — | 2,044,113 | |||||||
Lease intangibles | — | 352,884 | |||||||
— | 2,580,648 | ||||||||
Accumulated depreciation and amortization | — | (349,118 | ) | ||||||
Real estate investments, net | 1,992,607 | 2,231,530 | |||||||
Accounts and other receivables, net | 13,317 | — | |||||||
Receivables and other assets, net | 71,653 | 84,970 | |||||||
Other intangibles, net | 282,934 | 44,011 | |||||||
Business_Combinations_Tables
Business Combinations (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Business Acquisition | ' | |||||||
Pro Forma Information | ' | |||||||
The following pro forma consolidated results of operations of HTA for the years ended December 31, 2013 and 2012, assumes that all 2013 acquisitions occurred on January 1, 2012 and excludes $4.8 million of acquisition-related expenses (in thousands, except per share data): | ||||||||
Year Ended December 31, | ||||||||
2013 | 2012 | |||||||
Revenues | $ | 349,813 | $ | 342,655 | ||||
Net income (loss) attributable to common stockholders | 28,017 | (25,294 | ) | |||||
Net income (loss) per share attributable to common stockholders - basic | $ | 0.12 | $ | (0.10 | ) | |||
Net income (loss) per share attributable to common stockholders - diluted | 0.12 | (0.10 | ) | |||||
The following pro forma consolidated results of operations of HTA for the years ended December 31, 2012 and 2011, assumes that all 2012 acquisitions occurred on January 1, 2011 and excludes $3.0 million of acquisition-related expenses (in thousands, except per share data): | ||||||||
Year Ended December 31, | ||||||||
2012 | 2011 | |||||||
Revenues | $ | 306,420 | $ | 307,246 | ||||
Net income (loss) attributable to common stockholders | (21,928 | ) | 6,736 | |||||
Net income (loss) per share attributable to common stockholders - basic | $ | (0.10 | ) | $ | 0.03 | |||
Net income (loss) per share attributable to common stockholders - diluted | (0.10 | ) | 0.03 | |||||
Schedule of Purchase Price Allocation | ' | |||||||
The aggregate net purchase price of the 2013 acquisitions was allocated in the amounts set forth in the table below. Due to the recent timing of certain acquisitions, we have not yet finalized our purchase price allocation. Since the acquisitions were determined to be individually not significant, but material on a collective basis, the allocations for these acquisitions are set forth below in the aggregate (in thousands): | ||||||||
2013 Acquisitions | Total | |||||||
Land | $ | 16,192 | ||||||
Building and improvements | 292,037 | |||||||
Below market leasehold interests | 10,317 | |||||||
Above market leases | 2,999 | |||||||
In place leases | 52,845 | |||||||
Tenant relationships | 25,119 | |||||||
Below market leases | (2,104 | ) | ||||||
Above market debt | (694 | ) | ||||||
Interest rate swap | (2,600 | ) | ||||||
394,111 | ||||||||
Contingencies and other, net | 3,715 | |||||||
Aggregate purchase price | $ | 397,826 | ||||||
The aggregate net purchase price of the 2012 acquisitions was allocated in the amounts set forth in the table below. Since the acquisitions were determined to be individually not significant, but material on a collective basis, the allocations for these acquisitions are set forth below in the aggregate (in thousands): | ||||||||
2012 Acquisitions | Total | |||||||
Land | $ | 13,479 | ||||||
Building and improvements | 225,924 | |||||||
Below market leasehold interests | 3,284 | |||||||
Above market leases | 4,199 | |||||||
In place leases | 27,136 | |||||||
Tenant relationships | 22,100 | |||||||
Below market leases | (1,472 | ) | ||||||
294,650 | ||||||||
Contingencies and other, net | 287 | |||||||
Aggregate purchase price | $ | 294,937 | ||||||
Business Combination, Revenues and Gains Since Acquisition | ' | |||||||
We recorded the below revenues and net income (loss) for the year ended December 31, 2013 related to the 2013 acquisitions and for the year ended December 31, 2012 related to the 2012 acquisitions (in thousands): | ||||||||
2013 Acquisitions | 2012 Acquisitions | |||||||
Year Ended | Year Ended | |||||||
31-Dec-13 | 31-Dec-12 | |||||||
Revenues | $ | 15,361 | $ | 26,717 | ||||
Net income (loss) | 206 | 7,537 | ||||||
Healthcare Trust of America Holdings, LP (HTALP) | ' | |||||||
Business Acquisition | ' | |||||||
Pro Forma Information | ' | |||||||
The following pro forma consolidated results of operations of HTALP for the years ended December 31, 2013 and 2012, assumes that all 2013 acquisitions occurred on January 1, 2012 and excludes $4.8 million of acquisition-related expenses (in thousands, except per unit data): | ||||||||
Year Ended December 31, | ||||||||
2013 | 2012 | |||||||
Revenues | $ | 349,813 | $ | 342,655 | ||||
Net income (loss) attributable to common unitholders | 28,389 | (25,278 | ) | |||||
Net income (loss) per unit attributable to common unitholders - basic | $ | 0.12 | $ | (0.10 | ) | |||
Net income (loss) per unit attributable to common unitholders - diluted | 0.12 | (0.10 | ) | |||||
The following pro forma consolidated results of operations of HTALP for the years ended December 31, 2012 and 2011, assumes that all 2012 acquisitions occurred on January 1, 2011 and excludes $3.0 million of acquisition-related expenses (in thousands, except per unit data): | ||||||||
Year Ended December 31, | ||||||||
2012 | 2011 | |||||||
Revenues | $ | 306,420 | $ | 307,246 | ||||
Net income (loss) attributable to common unitholders | (21,912 | ) | 6,758 | |||||
Net income (loss) per unit attributable to common unitholders - basic | $ | (0.10 | ) | $ | 0.03 | |||
Net income (loss) per unit attributable to common unitholders - diluted | (0.10 | ) | 0.03 | |||||
Intangibles_Assets_and_Liabili1
Intangibles Assets and Liabilities (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Identified Intangibles, Net [Abstract] | ' | |||||||||||||
Schedule of Identified Intangible Assets and Liabilities, Net | ' | |||||||||||||
Intangible assets and liabilities consisted of the following as of December 31, 2013 and 2012 (in thousands, except weighted average remaining amortization period): | ||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||
Balance | Weighted Average Remaining Amortization Period in Years | Balance | Weighted Average Remaining Amortization Period in Years | Balance Sheet Classification | ||||||||||
Assets: | ||||||||||||||
In place leases | $ | 212,142 | 8.8 | $ | 174,615 | 9.7 | Lease intangibles | |||||||
Tenant relationships | 197,214 | 10.5 | 178,269 | 11.6 | Lease intangibles | |||||||||
Above market leases | 26,799 | 6.3 | 25,387 | 6.9 | Other intangibles, net | |||||||||
Below market leasehold interests | 37,640 | 68.9 | 30,587 | 69.4 | Other intangibles, net | |||||||||
473,795 | 408,858 | |||||||||||||
Accumulated amortization | (150,207 | ) | (125,924 | ) | ||||||||||
Total | $ | 323,588 | 15.9 | $ | 282,934 | 15.9 | ||||||||
Liabilities: | ||||||||||||||
Below market leases | $ | 13,989 | 12.4 | $ | 12,823 | 13.7 | Intangible liabilities, net | |||||||
Above market leasehold interests | 3,827 | 33.1 | 3,827 | 34 | Intangible liabilities, net | |||||||||
17,816 | 16,650 | |||||||||||||
Accumulated amortization | (6,019 | ) | (5,341 | ) | ||||||||||
Total | $ | 11,797 | 18.4 | $ | 11,309 | 19.5 | ||||||||
Summary of Intangible Asset and Liabilties Amortization | ' | |||||||||||||
The following is a summary of the net intangible amortization for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||||
Year Ended December 31, | ||||||||||||||
2013 | 2012 | 2011 | ||||||||||||
Amortization recorded against rental income related to above or below market leases | $ | 1,772 | $ | 1,682 | $ | 1,983 | ||||||||
Rental expense related to above or below market leasehold interests | 346 | 521 | 700 | |||||||||||
Amortization expense related to in place leases and tenant relationships | 42,820 | 41,643 | 40,489 | |||||||||||
Schedule of Intangible Assets and Liabilities, Future Amortization Expense | ' | |||||||||||||
As of December 31, 2013, the amortization of intangible assets and liabilities for each of the next five years and thereafter is as follows (in thousands): | ||||||||||||||
Year | Assets | Liabilities | ||||||||||||
2014 | $ | 49,888 | $ | 1,492 | ||||||||||
2015 | 43,841 | 1,274 | ||||||||||||
2016 | 38,424 | 1,073 | ||||||||||||
2017 | 32,390 | 792 | ||||||||||||
2018 | 26,575 | 736 | ||||||||||||
Thereafter | 132,470 | 6,430 | ||||||||||||
Total | $ | 323,588 | $ | 11,797 | ||||||||||
Receivables_and_Other_Assets_T
Receivables and Other Assets (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Receivables and Other Assets [Abstract] | ' | |||||||||||
Schedule of Receivables and Other Assets | ' | |||||||||||
Receivables and other assets consisted of the following as of December 31, 2013 and 2012 (in thousands): | ||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||
Accounts and other receivables, net | $ | 22,847 | $ | 13,317 | ||||||||
Tenant note receivable | 3,173 | 3,287 | ||||||||||
Deferred financing costs, net | 10,921 | 11,006 | ||||||||||
Deferred leasing costs, net | 12,954 | 10,554 | ||||||||||
Lease inducements, net | 759 | 880 | ||||||||||
Straight-line rent receivables, net | 46,957 | 39,095 | ||||||||||
Prepaid expenses, deposits, equipment and other, net | 6,653 | 6,831 | ||||||||||
Derivative financial instruments - interest rate swaps | 5,073 | — | ||||||||||
Total | $ | 109,337 | $ | 84,970 | ||||||||
Schedule of Receivables and Other Assets Amortization Expense | ' | |||||||||||
The following is a summary of amortization of deferred leasing costs, deferred financing costs, and lease inducements for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Amortization expense related to deferred leasing costs | $ | 2,636 | $ | 1,868 | $ | 1,139 | ||||||
Interest expense related to deferred financing costs | 3,837 | 3,861 | 3,540 | |||||||||
Amortization recorded against rental income related to lease inducements | 208 | 269 | 165 | |||||||||
Schedule of Receivables and Other Assets, Future Amortization Expense | ' | |||||||||||
As of December 31, 2013, the amortization of deferred leasing costs, deferred financing costs, and lease inducements for each of the next five years and thereafter is as follows (in thousands): | ||||||||||||
Year | Amount | |||||||||||
2014 | $ | 6,118 | ||||||||||
2015 | 5,638 | |||||||||||
2016 | 3,599 | |||||||||||
2017 | 2,593 | |||||||||||
2018 | 2,071 | |||||||||||
Thereafter | 4,615 | |||||||||||
Total | $ | 24,634 | ||||||||||
Assets_Held_for_Sale_and_Disco1
Assets Held for Sale and Discontinued Operations (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | |||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures | ' | |||||||||||
The following table represents the major classes of assets and liabilities, and the balance sheet classification as of December 31, 2013 (in thousands): | ||||||||||||
December 31, 2013 | ||||||||||||
Land | $ | 5,109 | ||||||||||
Building and improvements, net | 15,181 | |||||||||||
Lease intangibles, net | 848 | |||||||||||
Property held for sale, net | $ | 21,138 | ||||||||||
Receivables and other assets, net | $ | 948 | ||||||||||
Non-real estate assets of property held for sale, net | $ | 948 | ||||||||||
Security deposits, prepaid rent and other liabilities | $ | 200 | ||||||||||
Security deposits, prepaid rent and other liabilities | $ | 200 | ||||||||||
The table below reflects the results of operations of the property classified as held for sale, which are included in discontinued operations for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Revenues | $ | 1,702 | $ | 2,264 | $ | 2,261 | ||||||
Expenses | 434 | 1,182 | 1,268 | |||||||||
Income before other income (expense) | 1,268 | 1,082 | 993 | |||||||||
Interest expense related to debt | (161 | ) | (514 | ) | (573 | ) | ||||||
Income from discontinued operations | $ | 1,107 | $ | 568 | $ | 420 | ||||||
Debt_Tables
Debt (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Schedule of Debt | ' | ||||||||
Debt consisted of the following as of December 31, 2013 and 2012 (in thousands): | |||||||||
December 31, 2013 | December 31, 2012 | ||||||||
Unsecured revolving credit facility | $ | 55,000 | $ | 72,000 | |||||
Unsecured term loans | 455,000 | 455,000 | |||||||
Unsecured senior notes | 300,000 | — | |||||||
Fixed rate mortgages | 373,751 | 382,456 | |||||||
Variable rate mortgages | 29,925 | — | |||||||
Secured real estate term loan | — | 125,500 | |||||||
1,213,676 | 1,034,956 | ||||||||
Net premium (discount) | 565 | 2,403 | |||||||
Total | $ | 1,214,241 | $ | 1,037,359 | |||||
Schedule of Maturities of Long-term Debt | ' | ||||||||
As of December 31, 2013, the principal payments due on our debt for each of the next five years and thereafter, is as follows (in thousands): | |||||||||
Year | Amount | ||||||||
2014 | $ | 7,729 | |||||||
2015 | 73,982 | ||||||||
2016 | 477,496 | ||||||||
2017 | 100,948 | ||||||||
2018 | 12,993 | ||||||||
Thereafter | 540,528 | ||||||||
Total | $ | 1,213,676 | |||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||||||||||||
Derivative Financial Instruments | ' | |||||||||||||||||||||||
The following table lists the derivative financial instrument assets and (liabilities) held by us as of December 31, 2013 (in thousands): | ||||||||||||||||||||||||
Notional Amount | Index | Rate | Fair Value | Instrument | Maturity | |||||||||||||||||||
$ | 200,000 | LIBOR | 1.23 | % | $ | (2,078 | ) | Swap | 3/29/17 | |||||||||||||||
100,000 | LIBOR | 0.86 | (729 | ) | Swap | 6/15/16 | ||||||||||||||||||
50,000 | LIBOR | 1.39 | 1,350 | Swap | 7/17/19 | |||||||||||||||||||
105,000 | LIBOR | 1.24 | 3,723 | Swap | 7/17/19 | |||||||||||||||||||
27,618 | (a) | LIBOR | 4.98 | (2,246 | ) | Swap | 5/1/20 | |||||||||||||||||
The following table lists the derivative financial instrument assets and (liabilities) held by us as of December 31, 2012 (in thousands): | ||||||||||||||||||||||||
Notional Amount | Index | Rate | Fair Value | Instrument | Maturity | |||||||||||||||||||
$ | 17,304 | (b) | LIBOR | 3.79 | % | $ | (459 | ) | Swap | 9/28/13 | ||||||||||||||
75,000 | (b) | LIBOR | 1.07 | (659 | ) | Swap | 12/31/13 | |||||||||||||||||
200,000 | LIBOR | 1.23 | (5,180 | ) | Swap | 3/29/17 | ||||||||||||||||||
100,000 | LIBOR | 0.86 | (1,310 | ) | Swap | 6/15/16 | ||||||||||||||||||
50,000 | LIBOR | 1.39 | (909 | ) | Swap | 7/17/19 | ||||||||||||||||||
105,000 | LIBOR | 1.24 | (853 | ) | Swap | 7/17/19 | ||||||||||||||||||
(a) We assumed the interest rate swap in December 2013 as part of an acquisition, see Note 3. | ||||||||||||||||||||||||
(b) We terminated the interest rate swaps in March 2013. | ||||||||||||||||||||||||
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location | ' | |||||||||||||||||||||||
As of December 31, 2013 and 2012, the gross fair value of our derivative financial instruments was as follows (in thousands): | ||||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2013 | December 31, 2012 | |||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | Balance Sheet | Fair Value | ||||||||||||||||
Location | Location | Location | Location | |||||||||||||||||||||
Interest rate swaps | Receivables and other assets | $ | 5,073 | n/a | n/a | Derivative | $ | 5,053 | Derivative | $ | 9,370 | |||||||||||||
financial | financial | |||||||||||||||||||||||
instruments | instruments | |||||||||||||||||||||||
There were no derivatives offset in our accompanying consolidated balance sheets as of December 31, 2013 and 2012. As of December 31, 2013 and 2012, we had derivatives subject to enforceable master netting arrangements which allow for net cash settlement with the respective counterparties (in thousands): | ||||||||||||||||||||||||
31-Dec-13 | 31-Dec-12 | |||||||||||||||||||||||
Gross Amounts | Amounts Subject to Enforceable Master Netting Arrangements | Net Amounts | Gross Amounts | Amounts Subject to Enforceable Master Netting Arrangements | Net Amounts | |||||||||||||||||||
Asset derivatives | $ | 5,073 | $ | (2,078 | ) | $ | 2,995 | $ | — | $ | — | $ | — | |||||||||||
Liability derivatives | 5,053 | (2,078 | ) | 2,975 | 9,370 | — | 9,370 | |||||||||||||||||
For the years ended December 31, 2013, 2012 and 2011, the derivative financial instruments had the following effect on our accompanying consolidated statements of operations (in thousands): | ||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | Location of Gain (Loss) | Year Ended December 31, | ||||||||||||||||||||||
Recognized | 2013 | 2012 | 2011 | |||||||||||||||||||||
Interest rate swaps | Net gain (loss) on change in the fair value of derivative financial instruments | $ | 10,796 | $ | (7,578 | ) | $ | (562 | ) | |||||||||||||||
Interest rate cap | Net gain (loss) on change in the fair value of derivative financial instruments | — | (89 | ) | (294 | ) | ||||||||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Schedule of Future Minimum Rental Payments for Operating Leases | ' | ||||
Future minimum lease obligations under non-cancelable ground leases and other operating leases as of December 31, 2013 for each of the next five years and thereafter is as follows (in thousands): | |||||
Year | Amount | ||||
2014 | $ | 4,230 | |||
2015 | 4,218 | ||||
2016 | 4,207 | ||||
2017 | 4,323 | ||||
2018 | 4,357 | ||||
Thereafter | 272,992 | ||||
Total | $ | 294,327 | |||
Stockholders_Equity_and_Partne1
Stockholders' Equity and Partners' Capital (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Class of Stock | ' | ||||||
Schedule of Assumptions Used | ' | ||||||
. With the assistance of our independent valuation specialists, we utilized a Monte Carlo simulation to calculate the 2012 weighted average grant date fair value of $6.25 per unit using the following assumptions: | |||||||
Volatility | 21.25% - 22.64% | ||||||
Dividend yield | 5.8 | % | |||||
Expected term in years | 0.61 - 0.82 | ||||||
Risk-free rate | 0.436% - 0.576% | ||||||
Stock price (per share) | $9.92 - $9.97 | ||||||
LTIP | ' | ||||||
Class of Stock | ' | ||||||
Schedule of Nonvested Share Activity | ' | ||||||
The following is a summary of the activity in our LTIP units during 2013: | |||||||
LTIP Units | Weighted | ||||||
Average Grant | |||||||
Date Fair Value | |||||||
Balance as of December 31, 2012 | 2,900,000 | $ | 6.25 | ||||
Granted | — | — | |||||
Vested | (2,380,700 | ) | 5.56 | ||||
Forfeited | (2,800 | ) | 5.7 | ||||
Balance as of December 31, 2013 | 516,500 | $ | 9.43 | ||||
Restricted Stock | ' | ||||||
Class of Stock | ' | ||||||
Schedule of Nonvested Share Activity | ' | ||||||
The following is a summary of the activity in our restricted common stock during 2013: | |||||||
Restricted Common Stock | Weighted | ||||||
Average Grant | |||||||
Date Fair Value | |||||||
Balance as of December 31, 2012 | 376,500 | $ | 9.98 | ||||
Granted | 475,500 | 10.49 | |||||
Vested | (142,500 | ) | 10.01 | ||||
Forfeited | (68,500 | ) | 10.06 | ||||
Balance as of December 31, 2013 | 641,000 | $ | 10.34 | ||||
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | ' | |||||||||||||||||
The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2013, aggregated by the Level in the fair value hierarchy (in thousands): | ||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Total | |||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | ||||||||||||||||
and Liabilities | ||||||||||||||||||
(Level 1 ) | ||||||||||||||||||
Assets: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 5,073 | $ | — | $ | 5,073 | ||||||||||
Total assets at fair value | $ | — | $ | 5,073 | $ | — | $ | 5,073 | ||||||||||
Liabilities: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 5,053 | $ | — | $ | 5,053 | ||||||||||
Total liabilities at fair value | $ | — | $ | 5,053 | $ | — | $ | 5,053 | ||||||||||
The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2012, aggregated by the Level in the fair value hierarchy (in thousands): | ||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Total | |||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | ||||||||||||||||
and Liabilities | ||||||||||||||||||
(Level 1 ) | ||||||||||||||||||
Assets: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | — | $ | — | $ | — | ||||||||||
Total assets at fair value | $ | — | $ | — | $ | — | $ | — | ||||||||||
Liabilities: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 9,370 | $ | — | $ | 9,370 | ||||||||||
Total liabilities at fair value | $ | — | $ | 9,370 | $ | — | $ | 9,370 | ||||||||||
Schedule of Fair Value of Financial Instruments | ' | |||||||||||||||||
The following table sets forth the carrying value and fair value of our real estate notes receivable, tenant note receivable and debt (net) (in thousands): | ||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||
Fair Value Level | Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||
Real estate notes receivable | 2 | $ | 28,520 | $ | 28,520 | $ | 20,000 | $ | 20,000 | |||||||||
Tenant note receivable | 2 | 3,173 | 3,013 | 3,287 | 3,337 | |||||||||||||
Debt, net | 2 | 1,214,241 | 1,237,699 | 1,037,359 | 1,087,168 | |||||||||||||
Per_Share_Data_Tables
Per Share Data (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Schedule of Earnings Per Share, Basic and Diluted | ' | |||||||||||
The following is the reconciliation of the numerator and denominator used in basic and diluted earnings (losses) per share of HTA for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Numerator: | ||||||||||||
Income (loss) from continuing operations | $ | 23,577 | $ | (24,936 | ) | $ | 5,173 | |||||
Income from continuing operations attributable to noncontrolling interests | (423 | ) | (56 | ) | (52 | ) | ||||||
Income (loss) from continuing operations attributable to common stockholders | 23,154 | (24,992 | ) | 5,121 | ||||||||
Income from discontinued operations | 1,107 | 568 | 420 | |||||||||
Net income (loss) attributable to common stockholders | $ | 24,261 | $ | (24,424 | ) | $ | 5,541 | |||||
Denominator: | ||||||||||||
Weighted average number of shares outstanding - basic | 228,075 | 222,713 | 223,900 | |||||||||
Dilutive shares | 1,864 | — | 492 | |||||||||
Weighted average number of shares outstanding - diluted | 229,939 | 222,713 | 224,392 | |||||||||
Earnings (losses) per common share - basic: | ||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Discontinued operations | 0 | 0 | 0 | |||||||||
Net income (loss) attributable to common stockholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Earnings (losses) per common share - diluted: | ||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Discontinued operations | 0 | 0 | 0 | |||||||||
Net income (loss) attributable to common stockholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Per_Unit_Data_Tables
Per Unit Data (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Schedule of Earnings Per Unit, Basic and Diluted | ' | |||||||||||
The following is the reconciliation of the numerator and denominator used in basic and diluted earnings (losses) per unit of HTALP for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per unit data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Numerator: | ||||||||||||
Income (loss) from continuing operations | $ | 23,577 | $ | (24,936 | ) | $ | 5,173 | |||||
Income from continuing operations attributable to noncontrolling interests | (51 | ) | (40 | ) | (30 | ) | ||||||
Income (loss) from continuing operations attributable to common unitholders | 23,526 | (24,976 | ) | 5,143 | ||||||||
Income from discontinued operations | 1,107 | 568 | 420 | |||||||||
Net income (loss) attributable to common unitholders | $ | 24,633 | $ | (24,408 | ) | $ | 5,563 | |||||
Denominator: | ||||||||||||
Weighted average number of units outstanding - basic | 231,130 | 224,681 | 224,056 | |||||||||
Dilutive units | — | — | — | |||||||||
Weighted average number of units outstanding - diluted | 231,130 | 224,681 | 224,056 | |||||||||
Earnings (losses) per common unit - basic: | ||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Discontinued operations | 0 | 0 | 0 | |||||||||
Net income (loss) attributable to common unitholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Earnings (losses) per common unit - diluted: | ||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Discontinued operations | 0 | 0 | 0 | |||||||||
Net income (loss) attributable to common unitholders | $ | 0.1 | $ | (0.11 | ) | $ | 0.02 | |||||
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Supplemental Cash Flow Elements [Abstract] | ' | |||||||||||
Schedule of Cash Flow, Supplemental Disclosures | ' | |||||||||||
The following is the supplemental cash flow information for the years ended December 31, 2013, 2012 and 2011 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Interest paid | $ | 41,460 | $ | 38,560 | $ | 38,288 | ||||||
Income taxes paid | 669 | 1,090 | 1,045 | |||||||||
Supplemental Disclosure of Noncash Activities: | ||||||||||||
Investing Activities: | ||||||||||||
Accrued capital expenditures | $ | 1,783 | $ | 1,575 | $ | 5,448 | ||||||
Note receivable included in the consideration for the acquisition of a building | — | 37,264 | — | |||||||||
The following represents the significant increase (decrease) in certain assets and liabilities in connection with our acquisition of operating properties: | ||||||||||||
Debt and interest rate swaps | $ | 55,977 | $ | — | $ | 6,657 | ||||||
Financing Activities: | ||||||||||||
Issuances under the DRIP | $ | — | $ | 31,916 | $ | 75,864 | ||||||
Dividend distributions declared, but not paid, including under the DRIP | 34,177 | 30,959 | 14,120 | |||||||||
Offering costs transferred to equity/partners’ capital | 1,323 | — | — | |||||||||
Tax_Treatment_of_Dividends_of_1
Tax Treatment of Dividends of HTA (Unaudited) (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||
Summary of Tax Treatment of Distributions | ' | |||||||||
The following is the income tax treatment of dividend distributions for the years ended December 31, 2013, 2012 and 2011: | ||||||||||
Year Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Ordinary income | 62.02 | % | 46.93 | % | 40.88 | % | ||||
Return of capital | 37.83 | 53.07 | 59.12 | |||||||
Capital gain | 0.15 | 0 | 0 | |||||||
Total | 100 | % | 100 | % | 100 | % |
Future_Minimum_Rent_Tables
Future Minimum Rent (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Leases [Abstract] | ' | ||||
Schedule of Future Minimum Rental Income for Operating Leases | ' | ||||
Future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of December 31, 2013 for each of the next five years and thereafter is as follows (in thousands): | |||||
Year | Amount | ||||
2014 | $ | 266,075 | |||
2015 | 250,484 | ||||
2016 | 232,728 | ||||
2017 | 208,175 | ||||
2018 | 177,280 | ||||
Thereafter | 790,739 | ||||
Total | $ | 1,925,481 | |||
Selected_Quarterly_Financial_D2
Selected Quarterly Financial Data of HTA (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information | ' | ||||||||||||||||
Set forth below is the unaudited selected quarterly financial data of HTA for 2013 and 2012. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per share data). The sum of the individual quarterly amounts may not agree to the annual amounts included in the consolidated statements of operations due to rounding. | |||||||||||||||||
Quarter Ended | |||||||||||||||||
2013 | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 76,427 | $ | 77,244 | $ | 82,541 | $ | 83,687 | |||||||||
Income (loss) from continuing operations | 1,347 | 13,925 | 4,625 | 3,680 | |||||||||||||
Income from discontinued operations | 37 | 308 | 380 | 382 | |||||||||||||
Net income (loss) | 1,384 | 14,233 | 5,005 | 4,062 | |||||||||||||
Net income (loss) attributable to common stockholders | 1,351 | 14,025 | 4,823 | 4,062 | |||||||||||||
Earnings (losses) per common share - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Earnings (losses) per common share - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Quarter Ended | |||||||||||||||||
2012 (a) | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 70,676 | $ | 75,697 | $ | 77,532 | $ | 73,475 | |||||||||
Income (loss) from continuing operations | (430 | ) | (19,458 | ) | (3,074 | ) | (1,975 | ) | |||||||||
Income from discontinued operations | 123 | 144 | 143 | 158 | |||||||||||||
Net income (loss) | (307 | ) | (19,314 | ) | (2,931 | ) | (1,817 | ) | |||||||||
Net income (loss) attributable to common stockholders | (315 | ) | (19,322 | ) | (2,952 | ) | (1,836 | ) | |||||||||
Earnings (losses) per common share - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Earnings (losses) per common share - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
________________________ | |||||||||||||||||
(a) | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. |
Selected_Quarterly_Financial_D3
Selected Quarterly Financial Data of HTALP (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Selected Quarterly Financial Data [Line Items] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information | ' | ||||||||||||||||
Set forth below is the unaudited selected quarterly financial data of HTA for 2013 and 2012. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per share data). The sum of the individual quarterly amounts may not agree to the annual amounts included in the consolidated statements of operations due to rounding. | |||||||||||||||||
Quarter Ended | |||||||||||||||||
2013 | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 76,427 | $ | 77,244 | $ | 82,541 | $ | 83,687 | |||||||||
Income (loss) from continuing operations | 1,347 | 13,925 | 4,625 | 3,680 | |||||||||||||
Income from discontinued operations | 37 | 308 | 380 | 382 | |||||||||||||
Net income (loss) | 1,384 | 14,233 | 5,005 | 4,062 | |||||||||||||
Net income (loss) attributable to common stockholders | 1,351 | 14,025 | 4,823 | 4,062 | |||||||||||||
Earnings (losses) per common share - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Earnings (losses) per common share - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Quarter Ended | |||||||||||||||||
2012 (a) | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 70,676 | $ | 75,697 | $ | 77,532 | $ | 73,475 | |||||||||
Income (loss) from continuing operations | (430 | ) | (19,458 | ) | (3,074 | ) | (1,975 | ) | |||||||||
Income from discontinued operations | 123 | 144 | 143 | 158 | |||||||||||||
Net income (loss) | (307 | ) | (19,314 | ) | (2,931 | ) | (1,817 | ) | |||||||||
Net income (loss) attributable to common stockholders | (315 | ) | (19,322 | ) | (2,952 | ) | (1,836 | ) | |||||||||
Earnings (losses) per common share - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Earnings (losses) per common share - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common stockholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
________________________ | |||||||||||||||||
(a) | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. | ||||||||||||||||
Healthcare Trust of America Holdings, LP (HTALP) | ' | ||||||||||||||||
Selected Quarterly Financial Data [Line Items] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information | ' | ||||||||||||||||
Set forth below is the unaudited selected quarterly financial data of HTALP for 2013 and 2012. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per unit data). The sum of the individual quarterly amounts may not agree to the annual amounts included in the consolidated statements of operations due to rounding. | |||||||||||||||||
Quarter Ended | |||||||||||||||||
2013 | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 76,427 | $ | 77,244 | $ | 82,541 | $ | 83,687 | |||||||||
Income (loss) from continuing operations | 1,347 | 13,925 | 4,625 | 3,680 | |||||||||||||
Income from discontinued operations | 37 | 308 | 380 | 382 | |||||||||||||
Net income (loss) | 1,384 | 14,233 | 5,005 | 4,062 | |||||||||||||
Net income (loss) attributable to common unitholders | 1,359 | 14,228 | 4,996 | 4,050 | |||||||||||||
Earnings (losses) per common unit - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common unitholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Earnings (losses) per common unit - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common unitholders | $ | 0.01 | $ | 0.06 | $ | 0.02 | $ | 0.02 | |||||||||
Quarter Ended | |||||||||||||||||
2012 | 31-Mar | 30-Jun | 30-Sep | 31-Dec | |||||||||||||
Revenues | $ | 70,676 | $ | 75,697 | $ | 77,532 | $ | 73,475 | |||||||||
Income (loss) from continuing operations | (430 | ) | (19,458 | ) | (3,074 | ) | (1,975 | ) | |||||||||
Income from discontinued operations | 123 | 144 | 143 | 158 | |||||||||||||
Net income (loss) | (307 | ) | (19,314 | ) | (2,931 | ) | (1,817 | ) | |||||||||
Net income (loss) attributable to common unitholders | (310 | ) | (19,319 | ) | (2,951 | ) | (1,829 | ) | |||||||||
Earnings (losses) per common unit - basic: | |||||||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common unitholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Earnings (losses) per common unit - diluted: | |||||||||||||||||
Income (loss) from continuing operations attributable to common unitholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Discontinued operations | 0 | 0 | 0 | 0 | |||||||||||||
Net income (loss) attributable to common unitholders | $ | 0 | $ | (0.08 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||||
Organization_and_Description_o1
Organization and Description of Business (Details) (USD $) | 12 Months Ended | ||||
In Billions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 |
Class B | Class B | Medical Office Buildings | Healthcare Industry Facilities | ||
facility | facility | ||||
Significant Acquisitions and Disposals | ' | ' | ' | ' | ' |
General partnership interest percentage | 98.94% | ' | ' | ' | ' |
Purchased property inception to current date | $3 | ' | ' | ' | ' |
Number of real estate properties | ' | ' | ' | 269 | 19 |
Common stock, shares outstanding | ' | 0 | 114,566,254 | ' | ' |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
segment | |||
property | |||
Accounting Policies [Abstract] | ' | ' | ' |
Allowance for uncollectible accounts | $2,100,000 | $2,200,000 | $1,500,000 |
Bad debt expense | 453,000 | 1,064,000 | 1,447,000 |
Depreciation expense | 75,500,000 | 71,400,000 | 64,400,000 |
Number of properties held-for-sale | 1 | ' | ' |
Impairment of real estate investments | 0 | 0 | 0 |
Impairment of real estate notes receivable | 0 | 0 | 0 |
Tax basis in excess of carrying amount of net assets | 254,700,000 | ' | ' |
Cash in excess of FDIC insured limits | $19,900,000 | ' | ' |
Number of reportable segments | 1 | ' | ' |
Minimum | ' | ' | ' |
Income Taxes | ' | ' | ' |
Percentage of income required to be distributed as dividends | 90.00% | ' | ' |
Buildings | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Operating properties, estimated useful lives | '39 years | ' | ' |
Tenant Improvements | Minimum | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Operating properties, estimated useful lives | '1 month | ' | ' |
Tenant Improvements | Maximum | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Operating properties, estimated useful lives | '240 months | ' | ' |
Furniture, Fixtures and Equipment | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Operating properties, estimated useful lives | '5 years | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies - Reclassifications (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Real estate investments: | ' | ' |
Land | $197,892 | $183,651 |
Building and improvements | 2,339,774 | 2,044,113 |
Lease intangibles | 409,356 | 352,884 |
Real estate investments, gross | 2,968,160 | 2,580,648 |
Accumulated depreciation and amortization | -441,169 | -349,118 |
Real estate investments, net | 2,526,991 | 2,231,530 |
Accounts and other receivables, net | 22,847 | 13,317 |
Receivables and other assets, net | 109,337 | 84,970 |
Other intangibles, net | 50,343 | 44,011 |
As Previously Reported | ' | ' |
Real estate investments: | ' | ' |
Land | ' | 0 |
Building and improvements | ' | 0 |
Lease intangibles | ' | 0 |
Real estate investments, gross | ' | 0 |
Accumulated depreciation and amortization | ' | 0 |
Real estate investments, net | ' | 1,992,607 |
Accounts and other receivables, net | ' | 13,317 |
Receivables and other assets, net | ' | 71,653 |
Other intangibles, net | ' | 282,934 |
As Reclassified | ' | ' |
Real estate investments: | ' | ' |
Land | ' | 183,651 |
Building and improvements | ' | 2,044,113 |
Lease intangibles | ' | 352,884 |
Real estate investments, gross | ' | 2,580,648 |
Accumulated depreciation and amortization | ' | -349,118 |
Real estate investments, net | ' | 2,231,530 |
Accounts and other receivables, net | ' | 0 |
Receivables and other assets, net | ' | 84,970 |
Other intangibles, net | ' | $44,011 |
Business_Combinations_Details
Business Combinations (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | Aug. 30, 2013 | Mar. 11, 2013 | Mar. 22, 2013 | Jun. 18, 2013 | Jul. 12, 2013 | Jul. 29, 2013 | Sep. 20, 2013 | Dec. 10, 2013 | Nov. 13, 2013 | Dec. 13, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 20, 2013 | Dec. 10, 2013 | Dec. 13, 2013 | |
2013 Acquisitions | Dallas, Texas | Dallas, Texas | Bryan - College Station, Texas | Atlanta, Georgia | Monroeville, Pennsylvania | Denver, Colorado | Miami/West Palm Beach, Florida | Austin, Texas | Austin, Texas | Tampa/Jupiter, Florida | 2012 Acquisitions | Mortgages | Fixed Rate Mortgages | Fixed Rate Mortgages | Variable Rate Mortgages | |
Acquisitions | 2013 Acquisitions | Miami/West Palm Beach, Florida | Austin, Texas | Tampa/Jupiter, Florida | ||||||||||||
Business Acquisition | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of businesses acquired | 10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition-related expenses | $4,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,000,000 | ' | ' | ' | ' |
Acquisition, assumed mortgage loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 53,400,000 | 18,000,000 | 4,800,000 | 29,900,000 |
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Land | 16,192,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,479,000 | ' | ' | ' | ' |
Building and improvements | 292,037,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 225,924,000 | ' | ' | ' | ' |
Below market leasehold interests | 10,317,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,284,000 | ' | ' | ' | ' |
Above market leases | 2,999,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,199,000 | ' | ' | ' | ' |
In place leases | 52,845,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 27,136,000 | ' | ' | ' | ' |
Tenant relationships | 25,119,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,100,000 | ' | ' | ' | ' |
Below market leases | -2,104,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,472,000 | ' | ' | ' | ' |
Above market debt | -694,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate swap | -2,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net assets acquired | 394,111,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 294,650,000 | ' | ' | ' | ' |
Contingencies and other, net | 3,715,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 287,000 | ' | ' | ' | ' |
Aggregate purchase price | $397,826,000 | $27,700,000 | $48,700,000 | $39,800,000 | $5,600,000 | $15,100,000 | $42,000,000 | $62,900,000 | $19,700,000 | $9,600,000 | $126,700,000 | $294,937,000 | ' | ' | ' | ' |
Weighted average lives of acquired intangible assets | '16 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '14 years 2 months 12 days | ' | ' | ' | ' |
Weighted average lives of acquired intangible liabilities | '5 years 7 months 6 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '7 years 7 months 6 days | ' | ' | ' | ' |
Business_Combinations_Revenues
Business Combinations - Revenues and Gains since Acquisition (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Business Combinations [Abstract] | ' | ' |
Revenues | $15,361 | $26,717 |
Net income (loss) | $206 | $7,537 |
Business_Combinations_Pro_form
Business Combinations - Pro forma Information (Details) (USD $) | 12 Months Ended | |||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | |
2013 Acquisitions | 2013 Acquisitions | 2013 Acquisitions | 2013 Acquisitions | 2012 Acquisitions | 2012 Acquisitions | 2012 Acquisitions | 2012 Acquisitions | |
Healthcare Trust of America Holdings, LP (HTALP) | Healthcare Trust of America Holdings, LP (HTALP) | Healthcare Trust of America Holdings, LP (HTALP) | Healthcare Trust of America Holdings, LP (HTALP) | |||||
Business Acquisition | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition-related expenses | $4,800,000 | ' | $4,800,000 | ' | $3,000,000 | ' | $3,000,000 | ' |
Revenues | 349,813,000 | 342,655,000 | 349,813,000 | 342,655,000 | 306,420,000 | 307,246,000 | 306,420,000 | 307,246,000 |
Net income (loss) attributable to common stockholders/unitholders | $28,017,000 | ($25,294,000) | $28,389,000 | ($25,278,000) | ($21,928,000) | $6,736,000 | ($21,912,000) | $6,758,000 |
Net income (loss) per share/unit attributable to common stockholders/unitholders - basic (in usd per share/unit) | $0.12 | ($0.10) | $0.12 | ($0.10) | ($0.10) | $0.03 | ($0.10) | $0.03 |
Net income (loss) per share/unit attributable to common stockholders/unitholders - diluted (in usd per share/unit) | $0.12 | ($0.10) | $0.12 | ($0.10) | ($0.10) | $0.03 | ($0.10) | $0.03 |
Real_Estate_Notes_Receivable_D
Real Estate Notes Receivable (Details) (USD $) | 12 Months Ended | 1 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 |
Portfolio One | Portfolio One | Portfolio Two | ||
promissory_notes | promissory_notes | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Number of promissory notes secured by office buildings | ' | 4 | ' | 2 |
Total real estate notes receivable | ' | $20 | $20 | $8.50 |
Interest rate, minimum | ' | 10.85% | ' | ' |
Interest rate, maximum | ' | 10.95% | ' | ' |
Interest rate | 6.00% | ' | ' | 7.00% |
Intangibles_Assets_and_Liabili2
Intangibles Assets and Liabilities (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Assets | ' | ' |
Gross | $473,795 | $408,858 |
Accumulated amortization | -150,207 | -125,924 |
Total | 323,588 | 282,934 |
Weighted average remaining amortization period in years | '15 years 10 months 24 days | '15 years 10 months 24 days |
Liabilities | ' | ' |
Gross | 17,816 | 16,650 |
Accumulated amortization | -6,019 | -5,341 |
Total | 11,797 | 11,309 |
Weighted average remaining amortization period in years | '18 years 4 months 24 days | '19 years 6 months |
Below Market Leases | ' | ' |
Liabilities | ' | ' |
Gross | 13,989 | 12,823 |
Weighted average remaining amortization period in years | '12 years 4 months 24 days | '13 years 8 months 12 days |
Above Market Leasehold Interests | ' | ' |
Liabilities | ' | ' |
Gross | 3,827 | 3,827 |
Weighted average remaining amortization period in years | '33 years 1 month 6 days | '34 years |
In Place Leases | ' | ' |
Assets | ' | ' |
Gross | 212,142 | 174,615 |
Weighted average remaining amortization period in years | '8 years 9 months 18 days | '9 years 8 months 12 days |
Tenant Relationships | ' | ' |
Assets | ' | ' |
Gross | 197,214 | 178,269 |
Weighted average remaining amortization period in years | '10 years 6 months | '11 years 7 months 6 days |
Above Market Leases | ' | ' |
Assets | ' | ' |
Gross | 26,799 | 25,387 |
Weighted average remaining amortization period in years | '6 years 3 months 18 days | '6 years 10 months 24 days |
Below Market Leasehold Interests | ' | ' |
Assets | ' | ' |
Gross | $37,640 | $30,587 |
Weighted average remaining amortization period in years | '68 years 10 months 24 days | '69 years 4 months 24 days |
Intangibles_Assets_and_Liabili3
Intangibles Assets and Liabilities - Summary of Intangible Amortization (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Amortization recorded against rental income related to above or below market leases | ' | ' | ' |
Finite-Lived Intangibles | ' | ' | ' |
Amortization of intangible assets and liabilties | $1,772 | $1,682 | $1,983 |
Rental expense related to above or below market leasehold interests | ' | ' | ' |
Finite-Lived Intangibles | ' | ' | ' |
Amortization of intangible assets and liabilties | 346 | 521 | 700 |
Amortization expense related to in place leases and tenant relationships | ' | ' | ' |
Finite-Lived Intangibles | ' | ' | ' |
Amortization of intangible assets and liabilties | $42,820 | $41,643 | $40,489 |
Intangibles_Assets_and_Liabili4
Intangibles Assets and Liabilities - Future Amortization of Intangible Assets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
2014 | $49,888 | ' |
2015 | 43,841 | ' |
2016 | 38,424 | ' |
2017 | 32,390 | ' |
2018 | 26,575 | ' |
Thereafter | 132,470 | ' |
Total | 323,588 | 282,934 |
Liabilities | ' | ' |
2014 | 1,492 | ' |
2015 | 1,274 | ' |
2016 | 1,073 | ' |
2017 | 792 | ' |
2018 | 736 | ' |
Thereafter | 6,430 | ' |
Total | $11,797 | $11,309 |
Receivables_and_Other_Assets_D
Receivables and Other Assets (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Receivables and Other Assets [Abstract] | ' | ' | ' |
Accounts and other receivables, net | $22,847 | $13,317 | ' |
Tenant note receivable | 3,173 | 3,287 | ' |
Deferred financing costs, net | 10,921 | 11,006 | ' |
Deferred leasing costs, net | 12,954 | 10,554 | ' |
Lease inducements, net | 759 | 880 | ' |
Straight-line rent receivables, net | 46,957 | 39,095 | ' |
Prepaid expenses, deposits, equipment and other, net | 6,653 | 6,831 | ' |
Derivative financial instruments - interest rate swaps | 5,073 | 0 | ' |
Total | 109,337 | 84,970 | ' |
Tenant note receivable, interest rate | 9.00% | ' | ' |
Amortization expense related to deferred leasing costs | 2,636 | 1,868 | 1,139 |
Interest expense related to deferred financing costs | 3,837 | 3,861 | 3,540 |
Amortization recorded against rental income related to lease inducements | 208 | 269 | 165 |
Receivables and Other Assets, Amortization Expense, Fiscal Year Maturity [Abstract] | ' | ' | ' |
2014 | 6,118 | ' | ' |
2015 | 5,638 | ' | ' |
2016 | 3,599 | ' | ' |
2017 | 2,593 | ' | ' |
2018 | 2,071 | ' | ' |
Thereafter | 4,615 | ' | ' |
Total | $24,634 | ' | ' |
Assets_Held_for_Sale_and_Disco2
Assets Held for Sale and Discontinued Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||
property | property | ||||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Number of properties held-for-sale | 1 | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ||||
Assets held-for-sale, period of sale | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ||||
Land | $5,109,000 | ' | ' | ' | ' | ' | ' | ' | $5,109,000 | ' | ' | ||||
Building and improvements, net | 15,181,000 | ' | ' | ' | ' | ' | ' | ' | 15,181,000 | ' | ' | ||||
Lease intangibles, net | 848,000 | ' | ' | ' | ' | ' | ' | ' | 848,000 | ' | ' | ||||
Property held for sale, net | 21,138,000 | ' | ' | ' | 0 | ' | ' | ' | 21,138,000 | 0 | ' | ||||
Receivables and other assets, net | 948,000 | ' | ' | ' | ' | ' | ' | ' | 948,000 | ' | ' | ||||
Security deposits, prepaid rent and other liabilities | 200,000 | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | ||||
Results of operations of property classified as held for sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Revenues | ' | ' | ' | ' | ' | ' | ' | ' | 1,702,000 | 2,264,000 | 2,261,000 | ||||
Expenses | ' | ' | ' | ' | ' | ' | ' | ' | 434,000 | 1,182,000 | 1,268,000 | ||||
Income before other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 1,268,000 | 1,082,000 | 993,000 | ||||
Interest expense related to debt | ' | ' | ' | ' | ' | ' | ' | ' | -161,000 | -514,000 | -573,000 | ||||
Income from discontinued operations | $382,000 | $380,000 | $308,000 | $37,000 | $158,000 | [1] | $143,000 | [1] | $144,000 | [1] | $123,000 | [1] | $1,107,000 | $568,000 | $420,000 |
[1] | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. |
Debt_Net_Details
Debt - Net (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Instrument | ' | ' |
Total debt, gross | $1,213,676,000 | $1,034,956,000 |
Net premium (discount) | 565,000 | 2,403,000 |
Total | 1,214,241,000 | 1,037,359,000 |
Unsecured Term Loans | ' | ' |
Debt Instrument | ' | ' |
Total debt, gross | 455,000,000 | 455,000,000 |
Unsecured Senior Notes | ' | ' |
Debt Instrument | ' | ' |
Total debt, gross | 300,000,000 | 0 |
Secured Real Estate Term Loan | ' | ' |
Debt Instrument | ' | ' |
Total debt, gross | 0 | 125,500,000 |
Unsecured Revolving Credit Facility | ' | ' |
Debt Instrument | ' | ' |
Line of credit facility, amount outstanding | 55,000,000 | 72,000,000 |
Fixed Rate Mortgages | Mortgages | ' | ' |
Debt Instrument | ' | ' |
Total debt, gross | 373,751,000 | 382,456,000 |
Variable Rate Mortgages | Mortgages | ' | ' |
Debt Instrument | ' | ' |
Total debt, gross | $29,925,000 | $0 |
Debt_Principal_Maturity_Schedu
Debt - Principal Maturity Schedule (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Disclosure [Abstract] | ' | ' |
2014 | $7,729 | ' |
2015 | 73,982 | ' |
2016 | 477,496 | ' |
2017 | 100,948 | ' |
2018 | 12,993 | ' |
Thereafter | 540,528 | ' |
Total | $1,213,676 | $1,034,956 |
Debt_Textuals_Details
Debt - Textuals (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Mar. 28, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 28, 2013 | Mar. 07, 2013 | Mar. 29, 2012 | Dec. 31, 2013 | Mar. 07, 2013 | Mar. 07, 2013 | Mar. 29, 2012 | Dec. 31, 2013 | Jan. 07, 2014 | Mar. 29, 2012 | Jan. 07, 2014 | Mar. 29, 2012 | Jan. 07, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Jul. 20, 2012 | Jul. 20, 2012 | Jul. 20, 2012 | Dec. 31, 2013 | Mar. 28, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 |
Mortgages | Secured Real Estate Term Loan | Secured Real Estate Term Loan | Secured Real Estate Term Loan | Secured Real Estate Term Loan | Unsecured Revolving Credit Facility | Unsecured Revolving Credit Facility | Unsecured Revolving Credit Facility | Unsecured Revolving Credit Facility | Unsecured Revolving Credit Facility | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Term Loans | Unsecured Senior Notes | Variable Rate Mortgages | Variable Rate Mortgages | Fixed Rate Mortgages | Fixed Rate Mortgages | |||
Interest Rate Swap | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc. | JPMorgan Securities, LLC, Wells Fargo Securities, LLC and Deutsche Bank Securities Inc., With Interest Rate Swap | Wells Fargo | Wells Fargo | Wells Fargo | Wells Fargo | Wells Fargo, With Interest Rate Swap | Mortgages | Mortgages | Mortgages | Mortgages | ||||||||
Minimum | Maximum | Subsequent Event | Minimum | Minimum | Maximum | Maximum | Minimum | Maximum | loan | loan | ||||||||||||||||||||
Subsequent Event | Subsequent Event | |||||||||||||||||||||||||||||
Debt Instrument | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, borrowing capacity | ' | ' | ' | ' | ' | ' | ' | $650,000,000 | $575,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt | 1,213,676,000 | 1,034,956,000 | ' | ' | 0 | 125,500,000 | ' | ' | ' | ' | ' | ' | 300,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 155,000,000 | ' | ' | ' | 300,000,000 | 29,925,000 | 0 | 373,751,000 | 382,456,000 |
Line of credit facility, maximum borrowing capacity, increase in capacity | ' | ' | ' | ' | ' | ' | ' | 75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unsecured credit agreement, extension option period | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Description of variable rate basis | ' | ' | ' | ' | ' | ' | ' | 'LIBOR | ' | ' | ' | ' | 'LIBOR | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis spread on variable rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.30% | 1.10% | 1.75% | ' | 1.55% | 1.20% | 1.30% | 1.05% | 2.25% | 1.95% | ' | 1.70% | ' | 1.55% | 2.40% | ' | ' | ' | ' | ' | ' |
Line of credit facility, unused capacity, commitment fee percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | 0.20% | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, effective interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.60% | ' | ' | ' | ' | 2.99% | 3.80% | ' | ' | ' | ' |
Debt instrument, stated interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.70% | ' | ' | ' | ' |
Debt instrument, percentage of principal amount received | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 99.19% | ' | ' | ' | ' |
Effective percentage rate range, minimum | ' | ' | 1.62% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effective percentage rate range, maximum | ' | ' | 12.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average interest rate | ' | ' | 5.56% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average interest rate with interest rate swap impact | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.80% | ' | ' | ' |
Number of mortgage loans assumed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | 3 | ' |
Repayments of debt | ' | ' | ' | 125,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount terminated | ' | ' | ' | ' | ' | ' | $75,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments - Table of Derivative Financial Instruments (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | ||
Derivative | ' | ' | ||
Fair value, liability | ($5,053) | ($9,370) | ||
Fair value, asset | 5,073 | 0 | ||
Interest Rate Swap | 3.79% | ' | ' | ||
Derivative | ' | ' | ||
Notional Amount | ' | 17,304 | [1] | |
Index | ' | 'LIBOR | [1] | |
Rate | ' | 3.79% | [1] | |
Fair value, liability | ' | -459 | [1] | |
Interest Rate Swap | 1.07% | ' | ' | ||
Derivative | ' | ' | ||
Notional Amount | ' | 75,000 | [1] | |
Index | ' | 'LIBOR | [1] | |
Rate | ' | 1.07% | [1] | |
Fair value, liability | ' | -659 | [1] | |
Interest Rate Swap | 1.23% | ' | ' | ||
Derivative | ' | ' | ||
Notional Amount | 200,000 | 200,000 | ||
Index | 'LIBOR | 'LIBOR | ||
Rate | 1.23% | 1.23% | ||
Fair value, liability | -2,078 | -5,180 | ||
Interest Rate Swap | 0.86% | ' | ' | ||
Derivative | ' | ' | ||
Notional Amount | 100,000 | 100,000 | ||
Index | 'LIBOR | 'LIBOR | ||
Rate | 0.86% | 0.86% | ||
Fair value, liability | -729 | -1,310 | ||
Interest Rate Swap | 1.39% | ' | ' | ||
Derivative | ' | ' | ||
Notional Amount | 50,000 | 50,000 | ||
Index | 'LIBOR | 'LIBOR | ||
Rate | 1.39% | 1.39% | ||
Fair value, liability | ' | -909 | ||
Fair value, asset | 1,350 | ' | ||
Interest Rate Swap | 1.24% | ' | ' | ||
Derivative | ' | ' | ||
Notional Amount | 105,000 | 105,000 | ||
Index | 'LIBOR | 'LIBOR | ||
Rate | 1.24% | 1.24% | ||
Fair value, liability | ' | -853 | ||
Fair value, asset | 3,723 | ' | ||
Interest Rate Swap | 4.98% | ' | ' | ||
Derivative | ' | ' | ||
Notional Amount | 27,618 | [2] | ' | |
Index | 'LIBOR | [2] | ' | |
Rate | 4.98% | [2] | ' | |
Fair value, liability | ($2,246) | [2] | ' | |
[1] | We terminated the interest rate swaps in March 2013. | |||
[2] | We assumed the interest rate swap in December 2013 as part of an acquisition, see Note 3. |
Derivative_Financial_Instrumen3
Derivative Financial Instruments - Derivative Instruments Fair Value Table (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value | ' | ' |
Derivative financial instruments, asset | $5,073 | $0 |
Derivative financial instruments, liability | 5,053 | 9,370 |
Interest Rate Swap | Not Designated as Hedging Instrument | Receivables and Other Assets | ' | ' |
Derivatives, Fair Value | ' | ' |
Derivative financial instruments, asset | 5,073 | ' |
Interest Rate Swap | Not Designated as Hedging Instrument | Derivative Financial Instruments | ' | ' |
Derivatives, Fair Value | ' | ' |
Derivative financial instruments, liability | $5,053 | $9,370 |
Derivative_Financial_Instrumen4
Derivative Financial Instruments - Derivative Offsetting (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ' |
Derivative financial instruments, asset | $5,073 | $0 |
Derivative assets, amounts subject to enforceable master netting arrangements | -2,078 | 0 |
Derivative assets, net amounts | 2,995 | 0 |
Derivative liabilities | 5,053 | 9,370 |
Derivative liabilities, amounts subject to enforceable master netting arrangements | -2,078 | 0 |
Derivative liabilities, net amounts | $2,975 | $9,370 |
Derivative_Financial_Instrumen5
Derivative Financial Instruments - Recognized Gain (Loss) (Details) (Not Designated as Hedging Instrument, Interest Expense, USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Interest Rate Swap | ' | ' | ' |
Derivative Instruments, Gain (Loss) | ' | ' | ' |
Net gain (loss) on change in the fair value of derivative financial instruments | $10,796 | ($7,578) | ($562) |
Interest Rate Cap | ' | ' | ' |
Derivative Instruments, Gain (Loss) | ' | ' | ' |
Net gain (loss) on change in the fair value of derivative financial instruments | $0 | ($89) | ($294) |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Other Commitments [Line Items] | ' | ' | ' |
Rent expense | $4,300,000 | $4,200,000 | $3,600,000 |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ' | ' | ' |
2014 | 4,230,000 | ' | ' |
2015 | 4,218,000 | ' | ' |
2016 | 4,207,000 | ' | ' |
2017 | 4,323,000 | ' | ' |
2018 | 4,357,000 | ' | ' |
Thereafter | 272,992,000 | ' | ' |
Total | $294,327,000 | ' | ' |
Maximum | ' | ' | ' |
Other Commitments [Line Items] | ' | ' | ' |
Lease term | '99 years | ' | ' |
Stockholders_Equity_and_Partne2
Stockholders' Equity and Partners' Capital (Details) (USD $) | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jan. 07, 2013 | Dec. 31, 2013 | Nov. 01, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | |
Restricted Common Stock and Units | Restricted Common Stock and Units | Restricted Common Stock and Units | General and Administrative Expense | General and Administrative Expense | Listing Expenses | Listing Expenses | Non Traded REIT Expenses | Non Traded REIT Expenses | 2006 Incentive Plan | 2006 Incentive Plan | 2006 Incentive Plan | Common Stock Offering | Common Stock Offering | Common Stock Offering | LTIP | LTIP | LTIP | LTIP | LTIP | LTIP | |||
Restricted Common Stock and Units | Restricted Common Stock and Units | Restricted Common Stock and Units | Restricted Common Stock and Units | Restricted Common Stock and Units | Restricted Common Stock and Units | Minimum | Maximum | Maximum | Listing Expenses | Listing Expenses | Listing Expenses | Change in Control of Company | |||||||||||
Common Stock Offerings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum amount of common stock authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $250,000,000 | ' | $300,000,000 | ' | ' | ' | ' | ' | ' |
Issuance of common stock (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,873,013 | ' | ' | ' | ' | ' | ' | ' |
Average share price (usd per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $11.22 | ' | ' | ' | ' | ' | ' | ' |
Stock Repurchase Plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate amount of repurchased shares | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock repurchase program, remaining authorized repurchase amount | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incentive Plan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares available for grant | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,101,800 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractual term of awards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' |
Fair value of units with restrictions lapsed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,200,000 | ' | ' | ' | ' | ' |
Weighted average grant date fair value (usd per share) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6.25 | ' | ' | ' | ' |
Allocated share-based compensation expense | ' | ' | 2,500,000 | 7,000,000 | ' | 1,900,000 | 800,000 | 600,000 | 4,700,000 | 1,500,000 | 3,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | 3,200,000 | 10,400,000 | 0 | ' |
Nonvested awards, total compensation cost not yet recognized | ' | ' | 3,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,500,000 |
Contingent units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 450,000 |
Weighted average fair value of stock and units granted (usd per share) | ' | ' | $10.49 | $9.98 | $10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of restricted common stock and restricted common stock units for which the restriction lapsed | ' | ' | $1,400,000 | $8,700,000 | $1,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Service period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Period for recognition | ' | ' | '2 years 1 month 6 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stockholders_Equity_and_Partne3
Stockholders' Equity and Partners' Capital - Dividends (Details) (USD $) | 12 Months Ended | 0 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Feb. 17, 2014 | |
Subsequent Event | ||||
Subsequent Event [Line Items] | ' | ' | ' | ' |
Dividends declared per common share (usd per share) | $0.57 | $0.64 | $0.73 | $0.14 |
Stockholders_Equity_and_Partne4
Stockholders' Equity and Partners' Capital - Fair Value Assumptions (Details) (LTIP, USD $) | 12 Months Ended |
Dec. 31, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Dividend yield | 5.80% |
Minimum | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Volatility | 21.25% |
Expected term in years | '7 months 9 days |
Risk-free rate | 0.44% |
Stock price (per share) (usd per share) | 9.92 |
Maximum | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Volatility | 22.64% |
Expected term in years | '9 months 25 days |
Risk-free rate | 0.58% |
Stock price (per share) (usd per share) | 9.97 |
Stockholders_Equity_and_Partne5
Stockholders' Equity and Partners' Capital - Nonvested Rollforward (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
LTIP | ' |
Stocks/Units: | ' |
Balance as of beginning of period (in shares) | 2,900,000 |
Granted (in shares) | 0 |
Vested (in shares) | -2,380,700 |
Forfeited (in shares) | -2,800 |
Balance as of end of period (in shares) | 516,500 |
Weighted Average Grant Date Fair Value: | ' |
Balance as of beginning of period (usd per share) | $6.25 |
Granted (usd per share) | $0 |
Vested (usd per share) | $5.56 |
Forfeited (usd per share) | $5.70 |
Balance as of end of period (usd per share) | $9.43 |
Restricted Stock | ' |
Stocks/Units: | ' |
Balance as of beginning of period (in shares) | 376,500 |
Granted (in shares) | 475,500 |
Vested (in shares) | -142,500 |
Forfeited (in shares) | -68,500 |
Balance as of end of period (in shares) | 641,000 |
Weighted Average Grant Date Fair Value: | ' |
Balance as of beginning of period (usd per share) | $9.98 |
Granted (usd per share) | $10.49 |
Vested (usd per share) | $10.01 |
Forfeited (usd per share) | $10.06 |
Balance as of end of period (usd per share) | $10.34 |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments - Assets and Liabilities at Fair Value (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Derivative financial instruments, asset | $5,073 | $0 |
Derivative financial instruments, liability | 5,053 | 9,370 |
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 ) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Derivative financial instruments, asset | 0 | 0 |
Total assets at fair value | 0 | 0 |
Derivative financial instruments, liability | 0 | 0 |
Total liabilities at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Derivative financial instruments, asset | 5,073 | 0 |
Total assets at fair value | 5,073 | 0 |
Derivative financial instruments, liability | 5,053 | 9,370 |
Total liabilities at fair value | 5,053 | 9,370 |
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Derivative financial instruments, asset | 0 | 0 |
Total assets at fair value | 0 | 0 |
Derivative financial instruments, liability | 0 | 0 |
Total liabilities at fair value | 0 | 0 |
Fair Value, Measurements, Recurring | Total | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Derivative financial instruments, asset | 5,073 | 0 |
Total assets at fair value | 5,073 | 0 |
Derivative financial instruments, liability | 5,053 | 9,370 |
Total liabilities at fair value | $5,053 | $9,370 |
Fair_Value_of_Financial_Instru3
Fair Value of Financial Instruments (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Real estate notes receivable | $28,520 | $20,000 |
Tenant note receivable | 3,173 | 3,287 |
Debt, net | 1,214,241 | 1,037,359 |
Carrying Amount | Fair Value Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Real estate notes receivable | 28,520 | 20,000 |
Tenant note receivable | 3,173 | 3,287 |
Debt, net | 1,214,241 | 1,037,359 |
Fair Value | Fair Value Level 2 | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ' | ' |
Real estate notes receivable | 28,520 | 20,000 |
Tenant note receivable | 3,013 | 3,337 |
Debt, net | $1,237,699 | $1,087,168 |
Per_Share_Data_Details
Per Share Data (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Number of anti-diluted shares outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | 156 | ' | ||||
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations | $3,680 | $4,625 | $13,925 | $1,347 | ($1,975) | [1] | ($3,074) | [1] | ($19,458) | [1] | ($430) | [1] | $23,577 | ($24,936) | $5,173 |
Income from continuing operations attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | -423 | -56 | -52 | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders | ' | ' | ' | ' | ' | ' | ' | ' | 23,154 | -24,992 | 5,121 | ||||
Income from discontinued operations | 382 | 380 | 308 | 37 | 158 | [1] | 143 | [1] | 144 | [1] | 123 | [1] | 1,107 | 568 | 420 |
Net income (loss) attributable to common stockholders/unitholders | $4,062 | $4,823 | $14,025 | $1,351 | ($1,836) | [1] | ($2,952) | [1] | ($19,322) | [1] | ($315) | [1] | $24,261 | ($24,424) | $5,541 |
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Weighted average number of shares/units outstanding — basic | ' | ' | ' | ' | ' | ' | ' | ' | 228,075 | 222,713 | 223,900 | ||||
Dilutive shares | ' | ' | ' | ' | ' | ' | ' | ' | 1,864 | 0 | 492 | ||||
Weighted average number of shares/units outstanding — diluted | ' | ' | ' | ' | ' | ' | ' | ' | 229,939 | 222,713 | 224,392 | ||||
Earnings (losses) per common share/unit - basic: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Earnings (losses) per common share/unit - diluted: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
[1] | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. |
Per_Unit_Data_Details
Per Unit Data (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations | $3,680 | $4,625 | $13,925 | $1,347 | ($1,975) | [1] | ($3,074) | [1] | ($19,458) | [1] | ($430) | [1] | $23,577 | ($24,936) | $5,173 |
Income from continuing operations attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | -423 | -56 | -52 | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders | ' | ' | ' | ' | ' | ' | ' | ' | 23,154 | -24,992 | 5,121 | ||||
Income from discontinued operations | 382 | 380 | 308 | 37 | 158 | [1] | 143 | [1] | 144 | [1] | 123 | [1] | 1,107 | 568 | 420 |
Net income (loss) attributable to common stockholders/unitholders | 4,062 | 4,823 | 14,025 | 1,351 | -1,836 | [1] | -2,952 | [1] | -19,322 | [1] | -315 | [1] | 24,261 | -24,424 | 5,541 |
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Weighted average number of shares/units outstanding — basic | ' | ' | ' | ' | ' | ' | ' | ' | 228,075 | 222,713 | 223,900 | ||||
Dilutive units | ' | ' | ' | ' | ' | ' | ' | ' | 1,864 | 0 | 492 | ||||
Weighted average number of shares/units outstanding — diluted | ' | ' | ' | ' | ' | ' | ' | ' | 229,939 | 222,713 | 224,392 | ||||
Earnings (losses) per common share/unit - basic: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Earnings (losses) per common share/unit - diluted: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Healthcare Trust of America Holdings, LP (HTALP) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Numerator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations | 3,680 | 4,625 | 13,925 | 1,347 | -1,975 | -3,074 | -19,458 | -430 | 23,577 | -24,936 | 5,173 | ||||
Income from continuing operations attributable to noncontrolling interests | ' | ' | ' | ' | ' | ' | ' | ' | -51 | -40 | -30 | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders | ' | ' | ' | ' | ' | ' | ' | ' | 23,526 | -24,976 | 5,143 | ||||
Income from discontinued operations | 382 | 380 | 308 | 37 | 158 | 143 | 144 | 123 | 1,107 | 568 | 420 | ||||
Net income (loss) attributable to common stockholders/unitholders | $4,050 | $4,996 | $14,228 | $1,359 | ($1,829) | ($2,951) | ($19,319) | ($310) | $24,633 | ($24,408) | $5,563 | ||||
Denominator: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Weighted average number of shares/units outstanding — basic | ' | ' | ' | ' | ' | ' | ' | ' | 231,130 | 224,681 | 224,056 | ||||
Dilutive units | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ||||
Weighted average number of shares/units outstanding — diluted | ' | ' | ' | ' | ' | ' | ' | ' | 231,130 | 224,681 | 224,056 | ||||
Earnings (losses) per common share/unit - basic: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | ($0.01) | ($0.08) | $0 | $0.10 | ($0.11) | $0.02 | ||||
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||||
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | ($0.01) | ($0.08) | $0 | $0.10 | ($0.11) | $0.02 | ||||
Earnings (losses) per common share/unit - diluted: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | ($0.01) | ($0.08) | $0 | $0.10 | ($0.11) | $0.02 | ||||
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||||
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | ($0.01) | ($0.08) | $0 | $0.10 | ($0.11) | $0.02 | ||||
[1] | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. |
Supplemental_Cash_Flow_Informa2
Supplemental Cash Flow Information (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Supplemental Disclosure of Cash Flow Information: | ' | ' | ' |
Interest paid | $41,460 | $38,560 | $38,288 |
Income taxes paid | 669 | 1,090 | 1,045 |
Investing Activities: | ' | ' | ' |
Accrued capital expenditures | 1,783 | 1,575 | 5,448 |
Note receivable included in the consideration for the acquisition of a building | 0 | 37,264 | 0 |
The following represents the significant increase (decrease) in certain assets and liabilities in connection with our acquisition of operating properties: | ' | ' | ' |
Debt and interest rate swaps | 55,977 | 0 | 6,657 |
Financing Activities: | ' | ' | ' |
Issuances under the DRIP | 0 | 31,916 | 75,864 |
Dividend distributions declared, but not paid, including under the DRIP | 34,177 | 30,959 | 14,120 |
Offering costs transferred to equity/partners’ capital | $1,323 | $0 | $0 |
Tax_Treatment_of_Dividends_of_2
Tax Treatment of Dividends of HTA (Unaudited) (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Ordinary income | 62.02% | 46.93% | 40.88% |
Return of capital | 37.83% | 53.07% | 59.12% |
Capital gain | 0.15% | 0.00% | 0.00% |
Total | 100.00% | 100.00% | 100.00% |
Future_Minimum_Rent_Future_Min
Future Minimum Rent - Future Minimum Rental Income (Details) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Operating Leases, Future Minimum Payments Receivable [Abstract] | ' |
2014 | $266,075 |
2015 | 250,484 |
2016 | 232,728 |
2017 | 208,175 |
2018 | 177,280 |
Thereafter | 790,739 |
Total | $1,925,481 |
Selected_Quarterly_Financial_D4
Selected Quarterly Financial Data of HTA (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Revenues | $83,687 | $82,541 | $77,244 | $76,427 | $73,475 | [1] | $77,532 | [1] | $75,697 | [1] | $70,676 | [1] | $319,899 | $297,380 | $272,177 |
Income (loss) from continuing operations | 3,680 | 4,625 | 13,925 | 1,347 | -1,975 | [1] | -3,074 | [1] | -19,458 | [1] | -430 | [1] | 23,577 | -24,936 | 5,173 |
Income from discontinued operations | 382 | 380 | 308 | 37 | 158 | [1] | 143 | [1] | 144 | [1] | 123 | [1] | 1,107 | 568 | 420 |
Net income (loss) | 4,062 | 5,005 | 14,233 | 1,384 | -1,817 | [1] | -2,931 | [1] | -19,314 | [1] | -307 | [1] | 24,684 | -24,368 | 5,593 |
Net income (loss) attributable to common stockholders/unitholders | $4,062 | $4,823 | $14,025 | $1,351 | ($1,836) | [1] | ($2,952) | [1] | ($19,322) | [1] | ($315) | [1] | $24,261 | ($24,424) | $5,541 |
Earnings (losses) per common share/unit - basic: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Earnings (losses) per common share/unit - diluted: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
[1] | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. |
Selected_Quarterly_Financial_D5
Selected Quarterly Financial Data of HTALP (Unaudited) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Selected Quarterly Financial Data [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Revenues | $83,687 | $82,541 | $77,244 | $76,427 | $73,475 | [1] | $77,532 | [1] | $75,697 | [1] | $70,676 | [1] | $319,899 | $297,380 | $272,177 |
Income (loss) from continuing operations | 3,680 | 4,625 | 13,925 | 1,347 | -1,975 | [1] | -3,074 | [1] | -19,458 | [1] | -430 | [1] | 23,577 | -24,936 | 5,173 |
Income from discontinued operations | 382 | 380 | 308 | 37 | 158 | [1] | 143 | [1] | 144 | [1] | 123 | [1] | 1,107 | 568 | 420 |
Net income (loss) | 4,062 | 5,005 | 14,233 | 1,384 | -1,817 | [1] | -2,931 | [1] | -19,314 | [1] | -307 | [1] | 24,684 | -24,368 | 5,593 |
Net income (loss) attributable to common stockholders/unitholders | 4,062 | 4,823 | 14,025 | 1,351 | -1,836 | [1] | -2,952 | [1] | -19,322 | [1] | -315 | [1] | 24,261 | -24,424 | 5,541 |
Earnings (losses) per common share/unit - basic: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Earnings (losses) per common share/unit - diluted: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | [1] | $0 | [1] | $0 | [1] | $0 | [1] | $0 | $0 | $0 |
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | [1] | ($0.01) | [1] | ($0.08) | [1] | $0 | [1] | $0.10 | ($0.11) | $0.02 |
Healthcare Trust of America Holdings, LP (HTALP) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Selected Quarterly Financial Data [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Revenues | 83,687 | 82,541 | 77,244 | 76,427 | 73,475 | 77,532 | 75,697 | 70,676 | 319,899 | 297,380 | 272,177 | ||||
Income (loss) from continuing operations | 3,680 | 4,625 | 13,925 | 1,347 | -1,975 | -3,074 | -19,458 | -430 | 23,577 | -24,936 | 5,173 | ||||
Income from discontinued operations | 382 | 380 | 308 | 37 | 158 | 143 | 144 | 123 | 1,107 | 568 | 420 | ||||
Net income (loss) | 4,062 | 5,005 | 14,233 | 1,384 | -1,817 | -2,931 | -19,314 | -307 | 24,684 | -24,368 | 5,593 | ||||
Net income (loss) attributable to common stockholders/unitholders | $4,050 | $4,996 | $14,228 | $1,359 | ($1,829) | ($2,951) | ($19,319) | ($310) | $24,633 | ($24,408) | $5,563 | ||||
Earnings (losses) per common share/unit - basic: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | ($0.01) | ($0.08) | $0 | $0.10 | ($0.11) | $0.02 | ||||
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||||
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | ($0.01) | ($0.08) | $0 | $0.10 | ($0.11) | $0.02 | ||||
Earnings (losses) per common share/unit - diluted: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | ($0.01) | ($0.08) | $0 | $0.10 | ($0.11) | $0.02 | ||||
Discontinued operations (usd per share/unit) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||||
Net income (loss) attributable to common stockholders/unitholders (usd per share/unit) | $0.02 | $0.02 | $0.06 | $0.01 | ($0.01) | ($0.01) | ($0.08) | $0 | $0.10 | ($0.11) | $0.02 | ||||
[1] | The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2012 as a result of discontinued operations of one property classified as held for sale during 2013. |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts (Details) (Allowance for doubtful accounts, USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Allowance for doubtful accounts | ' | ' | ' |
Movement in Valuation Allowances and Reserves | ' | ' | ' |
Balance at Beginning of Period | $2,168 | $1,498 | $1,926 |
Charged to Expenses | 453 | 1,064 | 1,447 |
Adjustments to Valuation Accounts | 0 | 0 | 0 |
Deductions | -500 | -394 | -1,875 |
Balance at End of Period | $2,121 | $2,168 | $1,498 |
Schedule_III_Real_Estate_Inves1
Schedule III Real Estate Investments and Accumulated Depreciation (Details) (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | $403,676,000 | ' | ' | |||
Initial Cost to Company, Land | 197,639,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,280,993,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 82,440,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 203,001,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 2,354,955,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 2,557,956,000 | [2],[3] | 2,227,764,000 | [3] | 1,971,254,000 | [3] |
Accumulated Depreciation | -305,056,000 | [4],[5] | -235,157,000 | [4] | -164,783,000 | [4] |
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the beginning of the year | 2,227,764,000 | [3] | 1,971,254,000 | [3] | 1,902,586,000 | |
Acquisitions | 308,229,000 | 239,403,000 | 55,017,000 | |||
Additions | 27,787,000 | 18,761,000 | 19,157,000 | |||
Dispositions | -2,707,000 | -1,654,000 | -5,506,000 | |||
Reclassification of accumulated depreciation for assets held for sale | -3,117,000 | 0 | 0 | |||
Balance as of the end of the year | 2,557,956,000 | [2],[3] | 2,227,764,000 | [3] | 1,971,254,000 | [3] |
Gross lease intangibles | 410,200,000 | 352,900,000 | 320,400,000 | |||
Real estate, aggregate cost for income taxes purposes | 3,100,000,000 | ' | ' | |||
Accumulated amortization, lease intangibles | 136,100,000 | 114,000,000 | 88,600,000 | |||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the beginning of the year | 235,157,000 | [4] | 164,783,000 | [4] | 105,123,000 | |
Additions | 75,656,000 | 72,028,000 | 65,158,000 | |||
Dispositions | -2,640,000 | -1,654,000 | -5,498,000 | |||
Reclassification of accumulated depreciation for assets held for sale | -3,117,000 | 0 | 0 | |||
Balance as of the end of the year | 305,056,000 | [4],[5] | 235,157,000 | [4] | 164,783,000 | [4] |
Tenant Improvements | Minimum | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Life on Which Depreciation in Income Statement is Computed | '1 month | ' | ' | |||
Tenant Improvements | Maximum | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Life on Which Depreciation in Income Statement is Computed | '240 months | ' | ' | |||
Furniture, Fixtures and Equipment | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Life on Which Depreciation in Income Statement is Computed | '5 years | ' | ' | |||
Phoenix Med Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 2,049,000 | ' | ' | |||
Initial Cost to Company, Land | 453,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,768,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 194,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 453,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 2,962,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 3,415,000 | [2] | ' | ' | ||
Accumulated Depreciation | -388,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 3,415,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 388,000 | [5] | ' | ' | ||
Thunderbird MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 13,148,000 | ' | ' | |||
Initial Cost to Company, Land | 3,842,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 19,679,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 3,116,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 3,842,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 22,795,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 26,637,000 | [2] | ' | ' | ||
Accumulated Depreciation | -5,541,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 26,637,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 5,541,000 | [5] | ' | ' | ||
Peoria MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 4,151,000 | ' | ' | |||
Initial Cost to Company, Land | 605,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 4,394,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 268,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 605,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,662,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 5,267,000 | [2] | ' | ' | ||
Accumulated Depreciation | -621,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 5,267,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 621,000 | [5] | ' | ' | ||
Baptist MC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 7,242,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 12,637,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,241,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 13,878,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 13,878,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,184,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 13,878,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,184,000 | [5] | ' | ' | ||
Desert Ridge MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 27,738,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 503,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 28,241,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 28,241,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,988,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 28,241,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,988,000 | [5] | ' | ' | ||
Estrella Med Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 19,909,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 24,703,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 747,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 25,450,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 25,450,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,888,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 25,450,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,888,000 | [5] | ' | ' | ||
Sun City Boswell MOBs | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 20,290,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,300,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 21,590,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 21,590,000 | [2] | ' | ' | ||
Accumulated Depreciation | -4,779,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 21,590,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 4,779,000 | [5] | ' | ' | ||
Sun City Boswell West | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,610,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 864,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,474,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,474,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,272,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,474,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,272,000 | [5] | ' | ' | ||
Sun City Webb MP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 29,669,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 710,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 30,379,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 30,379,000 | [2] | ' | ' | ||
Accumulated Depreciation | -5,079,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 30,379,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 5,079,000 | [5] | ' | ' | ||
Sun City West MOBs | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 744,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 13,466,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 860,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 744,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 14,326,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,070,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,857,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,070,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,857,000 | [5] | ' | ' | ||
Gateway Med Plaza | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 9,960,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 14,005,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -94,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 13,911,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 13,911,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,341,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 13,911,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,341,000 | [5] | ' | ' | ||
Tucson Academy MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,193,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,107,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,153,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,193,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,260,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,453,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,698,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,453,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,698,000 | [5] | ' | ' | ||
Tucson Desert Life MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,309,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 17,572,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 706,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,309,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 18,278,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 19,587,000 | [2] | ' | ' | ||
Accumulated Depreciation | -4,010,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 19,587,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 4,010,000 | [5] | ' | ' | ||
Senior Care El Monte | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,534,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,545,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -17,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,534,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,528,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 5,062,000 | [2] | ' | ' | ||
Accumulated Depreciation | -585,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 5,062,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 585,000 | [5] | ' | ' | ||
Senior Care Lomita | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,035,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,083,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -8,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,035,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 2,075,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 3,110,000 | [2] | ' | ' | ||
Accumulated Depreciation | -371,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 3,110,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 371,000 | [5] | ' | ' | ||
St. Mary Physician's Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,815,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 10,242,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 471,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,815,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 10,713,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 12,528,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,890,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 12,528,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,890,000 | [5] | ' | ' | ||
San Luis Obispo MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 11,900,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,469,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 13,369,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 13,369,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,523,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 13,369,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,523,000 | [5] | ' | ' | ||
Hampden Place MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 3,032,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 12,553,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 13,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 3,032,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 12,566,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,598,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,832,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,598,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,832,000 | [5] | ' | ' | ||
Highlands Ranch MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,240,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 10,426,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,516,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,240,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 11,942,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 14,182,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,724,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 14,182,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,724,000 | [5] | ' | ' | ||
Lincoln Medical Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 5,142,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 28,638,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 5,142,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 28,638,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 33,780,000 | [2] | ' | ' | ||
Accumulated Depreciation | -424,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 33,780,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 424,000 | [5] | ' | ' | ||
Brandon MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 901,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,946,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 534,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 901,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,480,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,381,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,536,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,381,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,536,000 | [5] | ' | ' | ||
Orlando Rehab Hospital | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,600,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 20,256,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 3,000,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,600,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 23,256,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 25,856,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,884,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 25,856,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,884,000 | [5] | ' | ' | ||
Palmetto MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 5,924,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 15,512,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 26,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 15,538,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,538,000 | [2] | ' | ' | ||
Accumulated Depreciation | -246,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,538,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 246,000 | [5] | ' | ' | ||
East FL Senior Jacksonville | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 4,291,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,220,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 4,291,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 9,220,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 13,511,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,773,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 13,511,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,773,000 | [5] | ' | ' | ||
King Street MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 5,653,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,232,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -70,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,162,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,162,000 | [2] | ' | ' | ||
Accumulated Depreciation | -881,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,162,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 881,000 | [5] | ' | ' | ||
Jupiter MP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,204,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 11,778,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,204,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 11,778,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 12,982,000 | [2] | ' | ' | ||
Accumulated Depreciation | 0 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 12,982,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 0 | [5] | ' | ' | ||
Central FL SC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 768,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,002,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 233,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 768,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,235,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,003,000 | [2] | ' | ' | ||
Accumulated Depreciation | -607,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,003,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 607,000 | [5] | ' | ' | ||
Vista Pro Center MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,082,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,587,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 75,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,082,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,662,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,744,000 | [2] | ' | ' | ||
Accumulated Depreciation | -830,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,744,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 830,000 | [5] | ' | ' | ||
Largo, Medical Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 29,925,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 51,045,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 51,045,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 51,045,000 | [2] | ' | ' | ||
Accumulated Depreciation | 0 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 51,045,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 0 | [5] | ' | ' | ||
Largo MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 729,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 8,908,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 411,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 729,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 9,319,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 10,048,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,872,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 10,048,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,872,000 | [5] | ' | ' | ||
FL Family Medical Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 4,257,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 9,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,266,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,266,000 | [2] | ' | ' | ||
Accumulated Depreciation | -97,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,266,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 97,000 | [5] | ' | ' | ||
Northwest Medical Park | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,525,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 9,525,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 9,525,000 | [2] | ' | ' | ||
Accumulated Depreciation | 0 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 9,525,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 0 | [5] | ' | ' | ||
North Shore MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 4,942,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,942,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,942,000 | [2] | ' | ' | ||
Accumulated Depreciation | -101,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,942,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 101,000 | [5] | ' | ' | ||
Common V MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 9,214,000 | ' | ' | |||
Initial Cost to Company, Land | 4,173,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,070,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 229,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 4,173,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 9,299,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 13,472,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,826,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 13,472,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,826,000 | [5] | ' | ' | ||
Orlando Lake Underhill MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 8,515,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 492,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 9,007,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 9,007,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,082,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 9,007,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,082,000 | [5] | ' | ' | ||
Orlando Oviedo MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 5,711,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 163,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 5,874,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 5,874,000 | [2] | ' | ' | ||
Accumulated Depreciation | -668,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 5,874,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 668,000 | [5] | ' | ' | ||
Heart & Family Health MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 686,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 8,102,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 686,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 8,102,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,788,000 | [2] | ' | ' | ||
Accumulated Depreciation | 0 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,788,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 0 | [5] | ' | ' | ||
St. Lucie MC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,127,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 6,127,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 6,127,000 | [2] | ' | ' | ||
Accumulated Depreciation | 0 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 6,127,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 0 | [5] | ' | ' | ||
East FL Senior Sunrise | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,947,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 12,825,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,947,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 12,825,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,772,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,265,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,772,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,265,000 | [5] | ' | ' | ||
Tallahassee Rehab Hospital | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 7,142,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 18,691,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 2,400,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 7,142,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 21,091,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 28,233,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,831,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 28,233,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,831,000 | [5] | ' | ' | ||
FL Ortho Institute | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,923,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 17,647,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,923,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 17,647,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 20,570,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,763,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 20,570,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,763,000 | [5] | ' | ' | ||
Wellington MAP III | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 7,977,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 10,511,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -85,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 10,426,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 10,426,000 | [2] | ' | ' | ||
Accumulated Depreciation | -994,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 10,426,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 994,000 | [5] | ' | ' | ||
Victor Farris MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 11,942,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 23,052,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 23,052,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 23,052,000 | [2] | ' | ' | ||
Accumulated Depreciation | -281,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 23,052,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 281,000 | [5] | ' | ' | ||
East FL Senior Winter Park | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,840,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 12,825,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,840,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 12,825,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,665,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,591,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,665,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,591,000 | [5] | ' | ' | ||
Augusta Rehab Hospital | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,059,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 20,899,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,059,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 20,899,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 21,958,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,880,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 21,958,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,880,000 | [5] | ' | ' | ||
Austell Medical Park | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 432,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 4,057,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 432,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,057,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,489,000 | [2] | ' | ' | ||
Accumulated Depreciation | -83,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,489,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 83,000 | [5] | ' | ' | ||
Camp Creek Med Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,961,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 19,688,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -179,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,961,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 19,509,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 22,470,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,754,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 22,470,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,754,000 | [5] | ' | ' | ||
Decatur MP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 3,166,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,862,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 340,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 3,153,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,215,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 10,368,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,384,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 10,368,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,384,000 | [5] | ' | ' | ||
Yorktown MC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,802,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 12,502,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 2,171,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,802,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 14,673,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 17,475,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,418,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 17,475,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,418,000 | [5] | ' | ' | ||
Gwinett MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,290,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,246,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,210,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,290,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 8,456,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 9,746,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,901,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 9,746,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,901,000 | [5] | ' | ' | ||
Marietta Health Park | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 7,200,000 | ' | ' | |||
Initial Cost to Company, Land | 1,276,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 12,197,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 417,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,276,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 12,614,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 13,890,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,552,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 13,890,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,552,000 | [5] | ' | ' | ||
Shakerag MC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 12,875,000 | ' | ' | |||
Initial Cost to Company, Land | 743,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,290,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,171,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 743,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,461,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 5,204,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,025,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 5,204,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,025,000 | [5] | ' | ' | ||
Northmeadow Medical Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,245,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,109,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 104,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,245,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 9,213,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 10,458,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,976,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 10,458,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,976,000 | [5] | ' | ' | ||
Overlook at Eagle's Landing | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 5,143,000 | ' | ' | |||
Initial Cost to Company, Land | 638,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,685,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 79,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 638,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 6,764,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,402,000 | [2] | ' | ' | ||
Accumulated Depreciation | -852,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,402,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 852,000 | [5] | ' | ' | ||
SouthCrest MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 4,260,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 14,636,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 390,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 4,260,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 15,026,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 19,286,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,411,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 19,286,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,411,000 | [5] | ' | ' | ||
Rush Oak Park MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,096,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 38,550,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,096,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 38,550,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 39,646,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,874,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 39,646,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,874,000 | [5] | ' | ' | ||
Brownsburg MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 431,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 639,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 164,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 431,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 803,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 1,234,000 | [2] | ' | ' | ||
Accumulated Depreciation | -316,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 1,234,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 316,000 | [5] | ' | ' | ||
Athens SC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 381,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,575,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 117,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 381,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,692,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,073,000 | [2] | ' | ' | ||
Accumulated Depreciation | -831,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,073,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 831,000 | [5] | ' | ' | ||
Crawfordsville MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 4,104,000 | ' | ' | |||
Initial Cost to Company, Land | 318,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 1,899,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 50,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 318,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 1,949,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 2,267,000 | [2] | ' | ' | ||
Accumulated Depreciation | -510,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 2,267,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 510,000 | [5] | ' | ' | ||
Deaconess Clinic Downtown | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,748,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 21,963,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 60,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,748,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 22,023,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 23,771,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,097,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 23,771,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,097,000 | [5] | ' | ' | ||
Deaconess Clinic Westside | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 20,178,000 | ' | ' | |||
Initial Cost to Company, Land | 360,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,265,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 166,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 360,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,431,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 3,791,000 | [2] | ' | ' | ||
Accumulated Depreciation | -468,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 3,791,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 468,000 | [5] | ' | ' | ||
Dupont MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 8,246,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 8,246,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,246,000 | [2] | ' | ' | ||
Accumulated Depreciation | 0 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,246,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 0 | [5] | ' | ' | ||
Ft. Wayne MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,579,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 6,579,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 6,579,000 | [2] | ' | ' | ||
Accumulated Depreciation | -763,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 6,579,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 763,000 | [5] | ' | ' | ||
Community MP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 560,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,581,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 192,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 560,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,773,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,333,000 | [2] | ' | ' | ||
Accumulated Depreciation | -796,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,333,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 796,000 | [5] | ' | ' | ||
Eagle Highlands MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,216,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 11,154,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 4,128,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,216,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 15,282,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 17,498,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,931,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 17,498,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,931,000 | [5] | ' | ' | ||
Epler Parke MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,556,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,928,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -44,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,556,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 6,884,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,440,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,748,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,440,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,748,000 | [5] | ' | ' | ||
Glendale Prof Plaza | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 570,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,739,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 711,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 570,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,450,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,020,000 | [2] | ' | ' | ||
Accumulated Depreciation | -969,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,020,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 969,000 | [5] | ' | ' | ||
MMP Eagle Highlands | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,044,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 13,548,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,755,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,044,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 15,303,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 16,347,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,304,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 16,347,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,304,000 | [5] | ' | ' | ||
MMP East | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,236,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,840,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,580,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,236,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 11,420,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 12,656,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,297,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 12,656,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,297,000 | [5] | ' | ' | ||
MMP North | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,518,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 15,460,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 3,259,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,427,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 18,810,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 20,237,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,556,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 20,237,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,556,000 | [5] | ' | ' | ||
MMP South | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,127,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 10,414,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 843,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,127,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 11,257,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 12,384,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,672,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 12,384,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,672,000 | [5] | ' | ' | ||
Southpointe MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 8,791,000 | ' | ' | |||
Initial Cost to Company, Land | 2,190,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,548,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 901,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,190,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 8,449,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 10,639,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,970,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 10,639,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,970,000 | [5] | ' | ' | ||
Kokomo MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,779,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,614,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 483,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,779,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 10,097,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 11,876,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,387,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 11,876,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,387,000 | [5] | ' | ' | ||
Deaconess Clinic Gateway | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 10,952,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -9,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 10,943,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 10,943,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,303,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 10,943,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,303,000 | [5] | ' | ' | ||
Zionsville MC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 655,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,877,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 430,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 664,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,298,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 3,962,000 | [2] | ' | ' | ||
Accumulated Depreciation | -813,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 3,962,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 813,000 | [5] | ' | ' | ||
KS Doctors MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,808,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,517,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 850,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,808,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 10,367,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 12,175,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,150,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 12,175,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,150,000 | [5] | ' | ' | ||
Nashoba Valley Med Center MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 5,529,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 299,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 299,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 5,529,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 5,828,000 | [2] | ' | ' | ||
Accumulated Depreciation | -339,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '31 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 5,828,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 339,000 | [5] | ' | ' | ||
St. Elizabeth's Med Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 20,929,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 3,663,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,379,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 23,213,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 24,592,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,186,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '31 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 24,592,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,186,000 | [5] | ' | ' | ||
Good Samaritan Cancer Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 4,171,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 10,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,181,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,181,000 | [2] | ' | ' | ||
Accumulated Depreciation | -188,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '31 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,181,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 188,000 | [5] | ' | ' | ||
Good Samaritan Med Center MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 11,716,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 144,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 144,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 11,716,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 11,860,000 | [2] | ' | ' | ||
Accumulated Depreciation | -686,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '31 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 11,860,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 686,000 | [5] | ' | ' | ||
Carney Hospital MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,250,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 530,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 530,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,250,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,780,000 | [2] | ' | ' | ||
Accumulated Depreciation | -423,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '31 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,780,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 423,000 | [5] | ' | ' | ||
Norwood Hospital MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,489,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 128,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,295,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,322,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 9,617,000 | [2] | ' | ' | ||
Accumulated Depreciation | -458,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '31 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 9,617,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 458,000 | [5] | ' | ' | ||
St. Anne's Hospital MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,304,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 40,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 40,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 9,304,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 9,344,000 | [2] | ' | ' | ||
Accumulated Depreciation | -418,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '31 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 9,344,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 418,000 | [5] | ' | ' | ||
Holy Family Hospital MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 4,502,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 179,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 168,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,513,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,681,000 | [2] | ' | ' | ||
Accumulated Depreciation | -316,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '31 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,681,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 316,000 | [5] | ' | ' | ||
N. Berkshire MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,259,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 231,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,490,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,490,000 | [2] | ' | ' | ||
Accumulated Depreciation | -768,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,490,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 768,000 | [5] | ' | ' | ||
Morton Hospital MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 15,317,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 549,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 502,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 15,364,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,866,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,344,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '31 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,866,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,344,000 | [5] | ' | ' | ||
Smyth MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,760,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 48,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,808,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,808,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,209,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,808,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,209,000 | [5] | ' | ' | ||
Triad Tech Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 11,450,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 26,548,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 26,548,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 26,548,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,734,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 26,548,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,734,000 | [5] | ' | ' | ||
St. John Providence MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 42,371,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 42,371,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 42,371,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,283,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 42,371,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,283,000 | [5] | ' | ' | ||
Fort Road MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,571,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 5,786,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 541,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,571,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 6,327,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,898,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,232,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,898,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,232,000 | [5] | ' | ' | ||
Gallery Professional Building | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 5,793,000 | ' | ' | |||
Initial Cost to Company, Land | 1,157,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 5,009,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 3,242,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,157,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 8,251,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 9,408,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,629,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 9,408,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,629,000 | [5] | ' | ' | ||
Chesterfield Rehab Hospital | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 4,213,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 27,900,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 770,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 4,313,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 28,570,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 32,883,000 | [2] | ' | ' | ||
Accumulated Depreciation | -4,935,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 32,883,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 4,935,000 | [5] | ' | ' | ||
BJC West County MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,242,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 13,130,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 571,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,242,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 13,701,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,943,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,722,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,943,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,722,000 | [5] | ' | ' | ||
Winghaven MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,455,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,708,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 514,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,455,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 10,222,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 11,677,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,104,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 11,677,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,104,000 | [5] | ' | ' | ||
BJC MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 304,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 1,552,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 304,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 1,552,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 1,856,000 | [2] | ' | ' | ||
Accumulated Depreciation | -302,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 1,856,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 302,000 | [5] | ' | ' | ||
Des Peres MAP II | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 11,386,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 644,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 12,030,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 12,030,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,280,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 12,030,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,280,000 | [5] | ' | ' | ||
San Martin MAP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 14,777,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -155,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 14,622,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 14,622,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,446,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 14,622,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,446,000 | [5] | ' | ' | ||
Nutfield Professional Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,075,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 10,320,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 745,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,075,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 11,065,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 12,140,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,716,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 12,140,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,716,000 | [5] | ' | ' | ||
Santa Fe 1640 MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 3,348,000 | ' | ' | |||
Initial Cost to Company, Land | 697,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 4,268,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 35,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 697,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,303,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 5,000,000 | [2] | ' | ' | ||
Accumulated Depreciation | -481,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 5,000,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 481,000 | [5] | ' | ' | ||
Santa Fe 440 MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 842,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,448,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 9,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 842,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,457,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,299,000 | [2] | ' | ' | ||
Accumulated Depreciation | -882,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,299,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 882,000 | [5] | ' | ' | ||
Madison Ave MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 1,871,000 | ' | ' | |||
Initial Cost to Company, Land | 83,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,759,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 12,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 83,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 2,771,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 2,854,000 | [2] | ' | ' | ||
Accumulated Depreciation | -280,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 2,854,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 280,000 | [5] | ' | ' | ||
Patroon Creek HQ | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 20,135,000 | ' | ' | |||
Initial Cost to Company, Land | 1,870,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 29,453,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,870,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 29,453,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 31,323,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,827,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 31,323,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,827,000 | [5] | ' | ' | ||
Patroon Creek MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 22,616,000 | ' | ' | |||
Initial Cost to Company, Land | 1,439,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 27,639,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 124,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,439,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 27,763,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 29,202,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,719,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 29,202,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,719,000 | [5] | ' | ' | ||
Washington Ave MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,699,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 18,440,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 184,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,699,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 18,624,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 20,323,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,075,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 20,323,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,075,000 | [5] | ' | ' | ||
Putnam MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 18,304,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 24,216,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 24,216,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 24,216,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,055,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 24,216,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,055,000 | [5] | ' | ' | ||
Capital Region Health Park | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,305,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 37,494,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 564,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,305,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 38,058,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 40,363,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,900,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 40,363,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,900,000 | [5] | ' | ' | ||
St. Francis MAP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 17,810,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,363,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 19,173,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 19,173,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,296,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 19,173,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,296,000 | [5] | ' | ' | ||
Medical Park of Cary | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,931,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 19,855,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,041,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,931,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 20,896,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 23,827,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,440,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 23,827,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,440,000 | [5] | ' | ' | ||
Raleigh Medical Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,281,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 12,530,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 2,093,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,281,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 14,623,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,904,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,728,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,904,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,728,000 | [5] | ' | ' | ||
Liberty Falls MP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 842,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 5,640,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 624,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 842,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 6,264,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,106,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,519,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,106,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,519,000 | [5] | ' | ' | ||
Lima MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 700,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 19,053,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 978,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 700,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 20,031,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 20,731,000 | [2] | ' | ' | ||
Accumulated Depreciation | -4,253,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 20,731,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 4,253,000 | [5] | ' | ' | ||
Market Exchange MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,326,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 17,207,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 2,393,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,326,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 19,600,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 21,926,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,166,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 21,926,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,166,000 | [5] | ' | ' | ||
Park Place MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,987,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 11,341,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,212,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,987,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 12,553,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 14,540,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,186,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 14,540,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,186,000 | [5] | ' | ' | ||
Parma Ridge MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 372,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,636,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 595,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 372,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,231,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,603,000 | [2] | ' | ' | ||
Accumulated Depreciation | -856,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,603,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 856,000 | [5] | ' | ' | ||
Deaconess MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 25,975,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 2,123,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 28,098,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 28,098,000 | [2] | ' | ' | ||
Accumulated Depreciation | -4,997,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 28,098,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 4,997,000 | [5] | ' | ' | ||
Monroeville MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 3,264,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,038,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 41,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 3,264,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,079,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 10,343,000 | [2] | ' | ' | ||
Accumulated Depreciation | -284,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 10,343,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 284,000 | [5] | ' | ' | ||
2750 Monroe MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,323,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 22,631,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 5,423,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,323,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 28,054,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 30,377,000 | [2] | ' | ' | ||
Accumulated Depreciation | -5,292,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 30,377,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 5,292,000 | [5] | ' | ' | ||
Federal North MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,489,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 30,268,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 80,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,489,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 30,348,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 32,837,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,259,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 32,837,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,259,000 | [5] | ' | ' | ||
Highmark Penn Ave | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,774,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 38,921,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 141,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,774,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 39,062,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 40,836,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,536,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 40,836,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,536,000 | [5] | ' | ' | ||
WP Allegheny HQ MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,514,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 32,368,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 330,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,514,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 32,698,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 34,212,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,068,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 34,212,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,068,000 | [5] | ' | ' | ||
Cannon Park Place | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 425,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 8,651,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 44,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 425,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 8,695,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 9,120,000 | [2] | ' | ' | ||
Accumulated Depreciation | -884,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 9,120,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 884,000 | [5] | ' | ' | ||
GHS Memorial | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 4,269,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 8,301,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 115,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 8,416,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,416,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,030,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,416,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,030,000 | [5] | ' | ' | ||
GHS MMC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 21,859,000 | ' | ' | |||
Initial Cost to Company, Land | 995,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 39,158,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 769,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 995,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 39,927,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 40,922,000 | [2] | ' | ' | ||
Accumulated Depreciation | -4,832,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 40,922,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 4,832,000 | [5] | ' | ' | ||
GHS MOBs I | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,644,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,144,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 505,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,644,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 9,649,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 11,293,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,300,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 11,293,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,300,000 | [5] | ' | ' | ||
GHS Patewood MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 34,164,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 64,537,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 415,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 64,952,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 64,952,000 | [2] | ' | ' | ||
Accumulated Depreciation | -8,081,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 64,952,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 8,081,000 | [5] | ' | ' | ||
GHS Greer MOBs | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 8,064,000 | ' | ' | |||
Initial Cost to Company, Land | 1,309,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 14,639,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 13,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,309,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 14,652,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,961,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,830,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,961,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,830,000 | [5] | ' | ' | ||
Hilton Head Heritage MOP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,125,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 5,398,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 3,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,125,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 5,401,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 6,526,000 | [2] | ' | ' | ||
Accumulated Depreciation | -757,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 6,526,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 757,000 | [5] | ' | ' | ||
Hilton Head Moss Creek MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 209,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,066,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 209,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 2,066,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 2,275,000 | [2] | ' | ' | ||
Accumulated Depreciation | -211,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 2,275,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 211,000 | [5] | ' | ' | ||
East Cooper Medical Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,073,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 5,939,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 197,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,073,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 6,136,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,209,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,008,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,209,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,008,000 | [5] | ' | ' | ||
Mary Black MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 12,523,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 65,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 12,588,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 12,588,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,901,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 12,588,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,901,000 | [5] | ' | ' | ||
Lenox Office Park | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 11,578,000 | ' | ' | |||
Initial Cost to Company, Land | 1,670,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 13,626,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -795,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,670,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 12,831,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 14,501,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,708,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 14,501,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,708,000 | [5] | ' | ' | ||
Mountain Empire MOBs | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,296,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 36,523,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 1,370,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,296,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 37,893,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 39,189,000 | [2] | ' | ' | ||
Accumulated Depreciation | -6,953,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 39,189,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 6,953,000 | [5] | ' | ' | ||
Amarillo Hospital | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,110,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 17,688,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 6,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,110,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 17,694,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 18,804,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,820,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 18,804,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,820,000 | [5] | ' | ' | ||
Senior Care- Meadowview | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 350,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,066,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 15,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 350,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 2,081,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 2,431,000 | [2] | ' | ' | ||
Accumulated Depreciation | -480,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 2,431,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 480,000 | [5] | ' | ' | ||
Austin Heart MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 4,775,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 15,172,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 15,172,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,172,000 | [2] | ' | ' | ||
Accumulated Depreciation | -38,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,172,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 38,000 | [5] | ' | ' | ||
Post Oak North MC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 887,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,011,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 887,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,011,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,898,000 | [2] | ' | ' | ||
Accumulated Depreciation | -45,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,898,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 45,000 | [5] | ' | ' | ||
Texas A&M Health Science Center | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 32,494,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 32,494,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 32,494,000 | [2] | ' | ' | ||
Accumulated Depreciation | -843,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 32,494,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 843,000 | [5] | ' | ' | ||
Dallas Rehab Hospital | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,919,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 16,341,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,919,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 16,341,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 18,260,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,550,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 18,260,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,550,000 | [5] | ' | ' | ||
Cedar Hill MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 778,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 4,830,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 113,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 778,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 4,943,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 5,721,000 | [2] | ' | ' | ||
Accumulated Depreciation | -972,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 5,721,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 972,000 | [5] | ' | ' | ||
Corsicana MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,781,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 6,781,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 6,781,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,013,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 6,781,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,013,000 | [5] | ' | ' | ||
Dallas LTAC Hospital | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,301,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 20,627,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,301,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 20,627,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 22,928,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,406,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 22,928,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,406,000 | [5] | ' | ' | ||
Forest Park Pavilion | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 9,670,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 11,152,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 153,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 9,670,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 11,305,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 20,975,000 | [2] | ' | ' | ||
Accumulated Depreciation | -508,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 20,975,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 508,000 | [5] | ' | ' | ||
Forest Park Tower | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 3,340,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 35,071,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 4,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 3,340,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 35,075,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 38,415,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,032,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 38,415,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,032,000 | [5] | ' | ' | ||
Denton Med Rehab Hospital | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 2,000,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 11,704,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 2,000,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 11,704,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 13,704,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,610,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 13,704,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,610,000 | [5] | ' | ' | ||
Denton MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,543,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,543,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,543,000 | [2] | ' | ' | ||
Accumulated Depreciation | -874,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,543,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 874,000 | [5] | ' | ' | ||
Forest Park Frisco MC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,238,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 19,979,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 313,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,238,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 20,292,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 21,530,000 | [2] | ' | ' | ||
Accumulated Depreciation | -211,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 21,530,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 211,000 | [5] | ' | ' | ||
Senior Care Galveston | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 966,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,195,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 6,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 966,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,201,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,167,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,219,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,167,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,219,000 | [5] | ' | ' | ||
Greenville MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 616,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 10,822,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 277,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 616,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 11,099,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 11,715,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,015,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 11,715,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,015,000 | [5] | ' | ' | ||
7900 Fannin MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 21,898,000 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 34,764,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 134,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 34,898,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 34,898,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,571,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 34,898,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,571,000 | [5] | ' | ' | ||
Cypress Station MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,345,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 8,312,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 655,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,345,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 8,967,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 10,312,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,899,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 10,312,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,899,000 | [5] | ' | ' | ||
Triumph Hospital NW | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,377,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 14,531,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 239,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,377,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 14,770,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 16,147,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,710,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 16,147,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,710,000 | [5] | ' | ' | ||
Lone Star Endoscopy MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 622,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,502,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -5,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 622,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,497,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,119,000 | [2] | ' | ' | ||
Accumulated Depreciation | -661,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,119,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 661,000 | [5] | ' | ' | ||
Lewisville MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 452,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,841,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 452,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,841,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 4,293,000 | [2] | ' | ' | ||
Accumulated Depreciation | -512,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 4,293,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 512,000 | [5] | ' | ' | ||
Pearland MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,602,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,017,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 9,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,602,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,026,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,628,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,114,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,628,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,114,000 | [5] | ' | ' | ||
Senior Care Port Arthur | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 521,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,368,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 4,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 521,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,372,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,893,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,296,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,893,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,296,000 | [5] | ' | ' | ||
San Angelo MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 3,907,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 3,907,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 3,907,000 | [2] | ' | ' | ||
Accumulated Depreciation | -577,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 3,907,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 577,000 | [5] | ' | ' | ||
Mtn Plains Pecan Valley | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 416,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 13,690,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 993,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 416,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 14,683,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,099,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,247,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,099,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,247,000 | [5] | ' | ' | ||
Sugar Land II MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 0 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 9,648,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 154,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 0 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 9,802,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 9,802,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,654,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 9,802,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,654,000 | [5] | ' | ' | ||
Triumph Hospital SW | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,670,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 14,018,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,670,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 14,018,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 15,688,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,542,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 15,688,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,542,000 | [5] | ' | ' | ||
Senior Care Texas City | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 465,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 7,744,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 3,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 465,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,747,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 8,212,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,307,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 8,212,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,307,000 | [5] | ' | ' | ||
Baylor MP | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 865,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 6,728,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 289,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 865,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 7,017,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 7,882,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,315,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 7,882,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,315,000 | [5] | ' | ' | ||
Mtn Plains Clear Lake | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 832,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 21,168,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 11,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 832,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 21,179,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 22,011,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,470,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 22,011,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,470,000 | [5] | ' | ' | ||
N. Texas Neurology MOB | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 736,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 5,611,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | -6,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 736,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 5,605,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 6,341,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,035,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 6,341,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,035,000 | [5] | ' | ' | ||
Renaissance MC | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 18,599,000 | ' | ' | |||
Initial Cost to Company, Land | 3,701,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 24,442,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 210,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 3,701,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 24,652,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 28,353,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,701,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 28,353,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,701,000 | [5] | ' | ' | ||
Aurora - Franklin | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 945,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 15,336,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 945,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 15,336,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 16,281,000 | [2] | ' | ' | ||
Accumulated Depreciation | -2,817,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 16,281,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 2,817,000 | [5] | ' | ' | ||
Aurora - Menomenee | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 1,055,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 14,998,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 1,055,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 14,998,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 16,053,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,123,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 16,053,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,123,000 | [5] | ' | ' | ||
Aurora - Mequon | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 9,568,000 | ' | ' | |||
Initial Cost to Company, Land | 950,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 19,027,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 950,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 19,027,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 19,977,000 | [2] | ' | ' | ||
Accumulated Depreciation | -3,611,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 19,977,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 3,611,000 | [5] | ' | ' | ||
Aurora - Milwaukee | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 350,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 5,508,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 350,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 5,508,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 5,858,000 | [2] | ' | ' | ||
Accumulated Depreciation | -1,125,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 5,858,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 1,125,000 | [5] | ' | ' | ||
Aurora - Richfield | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 255,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,818,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 0 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 255,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 2,818,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 3,073,000 | [2] | ' | ' | ||
Accumulated Depreciation | -707,000 | [5] | ' | ' | ||
Life on Which Depreciation in Income Statement is Computed | '39 years | [6] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 3,073,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 707,000 | [5] | ' | ' | ||
Operating Properties | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 403,676,000 | ' | ' | |||
Initial Cost to Company, Land | 192,530,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 2,263,032,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 82,104,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 197,892,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 2,339,774,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 2,537,666,000 | [2] | ' | ' | ||
Accumulated Depreciation | -305,056,000 | [5] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 2,537,666,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | 305,056,000 | [5] | ' | ' | ||
Assets Held-for-sale | ' | ' | ' | |||
Real Estate and Accumulated Depreciation | ' | ' | ' | |||
Encumbrances | 0 | ' | ' | |||
Initial Cost to Company, Land | 5,109,000 | ' | ' | |||
Initial Cost to Company, Buildings Improvements and Fixtures | 17,961,000 | ' | ' | |||
Cost Capitalized Subsequent to Acquisition | 336,000 | [1] | ' | ' | ||
Gross Amount at Which Carried at Close of Period, Land | 5,109,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Buildings, Improvements and Fixtures | 15,181,000 | ' | ' | |||
Gross Amount at Which Carried at Close of Period, Total | 20,290,000 | [2] | ' | ' | ||
Accumulated Depreciation | 0 | [5] | ' | ' | ||
Reconciliation of Carrying Amount of Real Estate Investments | ' | ' | ' | |||
Balance as of the end of the year | 20,290,000 | [2] | ' | ' | ||
Reconciliation of Real Estate Accumulated Depreciation | ' | ' | ' | |||
Balance as of the end of the year | $0 | [5] | ' | ' | ||
[1] | The cost capitalized subsequent to acquisition is net of dispositions. | |||||
[2] | The changes in total real estate for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands): Year Ended December 31, 2013 2012 2011Balance as of the beginning of the year$2,227,764 $1,971,254 $1,902,586Acquisitions308,229 239,403 55,017Additions27,787 18,761 19,157Dispositions(2,707) (1,654) (5,506)Reclassification of accumulated depreciation for assets held for sale(3,117) — —Balance as of the end of the year (d)$2,557,956 $2,227,764 $1,971,254 | |||||
[3] | The balances as of December 31, 2013, 2012 and 2011 exclude gross lease intangibles of $410.2 million, $352.9 million and $320.4 million, respectively. | |||||
[4] | The balances as of December 31, 2013, 2012 and 2011 exclude accumulated amortization of lease intangibles of $136.1 million, $114.0 million and $88.6 million, respectively. | |||||
[5] | The changes in accumulated depreciation for the years ended December 31, 2013, 2012 and 2011 are as follows (in thousands): Year Ended December 31, 2013 2012 2011Balance as of the beginning of the year$235,157 $164,783 $105,123Additions75,656 72,028 65,158Dispositions(2,640) (1,654) (5,498)Reclassification of accumulated depreciation for assets held for sale(3,117) — —Balance as of the end of the year (g)$305,056 $235,157 $164,783 | |||||
[6] | Tenant improvements are depreciated over the shorter of the lease term or useful life, ranging from one month to 240 months, respectively. Furniture, fixtures and equipment are depreciated over five years. |
Schedule_IV_Mortgage_Loans_On_1
Schedule IV - Mortgage Loans On Real Estate Assets (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Mortgage Loans on Real Estate | ' | ' | ' |
Interest Rate | 6.00% | ' | ' |
Face Amount of Mortgages | $28,520,000 | ' | ' |
Carrying Amount of Mortgages | 28,520,000 | ' | ' |
Principal payment on November 1, 2014 | 300,000 | ' | ' |
Movement in Mortgage Loans on Real Estate | ' | ' | ' |
Balance as of the beginning of the year | 20,000,000 | 57,459,000 | 57,091,000 |
Additions: | ' | ' | ' |
New mortgage loans | 8,520,000 | 0 | 0 |
Amortization of discount and capitalized loan costs, net | 0 | 0 | 368,000 |
Deductions: | ' | ' | ' |
Mortgage loan included in the consideration for the acquisition of a building | 0 | -37,264,000 | 0 |
Write-off of capitalized closing costs | 0 | -195,000 | 0 |
Balance as of the end of the year | 28,520,000 | 20,000,000 | 57,459,000 |
Meidcal Office Building in Illinois | ' | ' | ' |
Mortgage Loans on Real Estate | ' | ' | ' |
Interest Rate | 10.95% | ' | ' |
Face Amount of Mortgages | 7,500,000 | ' | ' |
Carrying Amount of Mortgages | 7,500,000 | ' | ' |
Meidcal Office Building in Illinois | ' | ' | ' |
Mortgage Loans on Real Estate | ' | ' | ' |
Interest Rate | 10.95% | ' | ' |
Face Amount of Mortgages | 7,500,000 | ' | ' |
Carrying Amount of Mortgages | 7,500,000 | ' | ' |
Medical Office Building in Arizona | ' | ' | ' |
Mortgage Loans on Real Estate | ' | ' | ' |
Interest Rate | 10.85% | ' | ' |
Face Amount of Mortgages | 3,750,000 | ' | ' |
Carrying Amount of Mortgages | 3,750,000 | ' | ' |
Medical Office Building in Arizona | ' | ' | ' |
Mortgage Loans on Real Estate | ' | ' | ' |
Interest Rate | 10.85% | ' | ' |
Face Amount of Mortgages | 1,250,000 | ' | ' |
Carrying Amount of Mortgages | 1,250,000 | ' | ' |
Medical Office Building in Florida | ' | ' | ' |
Mortgage Loans on Real Estate | ' | ' | ' |
Interest Rate | 7.00% | ' | ' |
Face Amount of Mortgages | 4,262,000 | ' | ' |
Carrying Amount of Mortgages | 4,262,000 | ' | ' |
Medical Office Building in Florida | ' | ' | ' |
Mortgage Loans on Real Estate | ' | ' | ' |
Interest Rate | 7.00% | ' | ' |
Face Amount of Mortgages | 4,258,000 | ' | ' |
Carrying Amount of Mortgages | $4,258,000 | ' | ' |