CNL Healthcare Properties (CHTH) 10-K 16 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2016	Mar. 03, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	CNL Healthcare Properties, Inc.
Entity Central Index Key	1,496,454
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		175,069,562
Entity Public Float			$ 1.7

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Real estate assets:
Real estate investment properties, net (including VIEs $112,929 and $103,691, respectively)		$ 2,466,993	$ 2,451,538
Real estate under development, including land (including VIEs $80,473 and $58,994 respectively)		97,164	62,521
Total real estate assets, net		2,564,157	2,514,059
Intangibles, net (including VIEs $2,891 and $4,015 respectively)		131,502	172,452
Cash (including VIEs $916 and $3,904 respectively)		58,517	68,922
Deferred rent and lease incentives (including VIEs $3,061 and $3,096 respectively)		36,325	23,477
Other assets (including VIEs $1,130 and $1,000 respectively)		24,470	23,334
Real estate held for sale, net			18,638
Restricted cash (including VIEs $20 and $974 respectively)		12,721	10,287
Total assets		2,827,692	2,831,169
Liabilities:
Mortgages and other notes payable, net (including VIEs $104,890 and $85,093 respectively)		936,723	831,825
Credit facilities		641,989	656,284
Accounts payable and accrued liabilities (including VIEs $16,830 and $11,412 respectively)		51,752	40,217
Other liabilities (including VIEs $976 and $1,387 respectively)		38,946	41,938
Due to related parties (including VIEs $107 and $136 respectively)	[1]	3,465	1,803
Total liabilities		1,672,875	1,572,067
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest		472	551
Stockholders' equity:
Preferred stock, $0.01 par value per share, 200,000 shares authorized; none issued or outstanding
Excess shares, $0.01 par value per share, 300,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value per share, 1,120,000 shares authorized, 180,188 and 175,824 shares issued, and 175,070 and 174,430 shares outstanding, respectively		1,751	1,744
Capital in excess of par value		1,528,435	1,528,781
Accumulated loss		(182,813)	(151,146)
Accumulated distributions		(186,551)	(112,543)
Accumulated other comprehensive loss		(7,863)	(9,747)
Total stockholders' equity		1,152,959	1,257,089
Noncontrolling interest		1,386	1,462
Total equity		1,154,817	1,259,102
Total liabilities and equity		$ 2,827,692	$ 2,831,169
[1]	Amounts are recorded as due to related parties in the accompanying consolidated balance sheets.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Real estate investment properties, net		$ 2,466,993	$ 2,451,538
Real estate under development, including land		97,164	62,521
Intangibles, net		131,502	172,452
Cash		58,517	68,922
Deferred rent and lease incentives		36,325	23,477
Other assets		24,470	23,334
Restricted cash		12,721	10,287
Mortgages and other notes payable, net		936,723	831,825
Accounts payable and accrued liabilities		51,752	40,217
Other liabilities		38,946	41,938
Due to related parties	[1]	$ 3,465	$ 1,803
Preferred stock, par value		$ 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
Excess shares, par value		$ 0.01	$ 0.01
Excess shares, shares authorized		300,000,000	300,000,000
Excess shares, shares issued		0	0
Excess shares, shares outstanding		0	0
Common stock, par value		$ 0.01	$ 0.01
Common stock, shares authorized		1,120,000,000	1,120,000,000
Common stock, shares issued		180,188,000	175,824,000
Common stock, shares outstanding		175,070,000	174,430,000
VIEs
Real estate investment properties, net		$ 112,929	$ 103,691
Real estate under development, including land		80,473	58,994
Intangibles, net		2,891	4,015
Cash		916	3,904
Deferred rent and lease incentives		3,061	3,096
Other assets		1,130	1,000
Restricted cash		20	974
Mortgages and other notes payable, net		104,890	85,093
Accounts payable and accrued liabilities		16,830	11,412
Other liabilities		976	1,387
Due to related parties		$ 107	$ 136
[1]	Amounts are recorded as due to related parties in the accompanying consolidated balance sheets.

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2014
Revenues:
Rental income from operating leases	$ 124,868	$ 101,125		$ 49,305
Resident fees and services	232,363	183,407		123,777
Tenant reimbursement income	19,824	15,993		7,504
Interest income on note receivable from related party				498
Total revenues	377,055	300,525		181,084
Operating expenses:
Property operating expenses	184,632	149,688		93,549
General and administrative	12,847	10,088		6,877
Acquisition fees and expenses	974	21,526		23,931
Asset management fees	25,443	17,892		8,481
Property management fees	18,532	14,759		8,942
Contingent purchase price consideration adjustment	(290)	(589)		(630)
Impairment provision		4,661
Loss on lease terminations	785	863
Depreciation and amortization	122,985	105,945		63,112
Total operating expenses	365,908	324,833		204,262
Operating income (loss)	11,147	(24,308)		(23,178)
Other income (expense):
Interest and other income	64	158		104
Interest expense and loan cost amortization	(58,317)	(42,969)		(30,487)
Equity in earnings (loss) of unconsolidated entities	258	(596)		(1,387)
Gain on purchase of controlling interest of investment in unconsolidated entity				2,798
Total other expense	(57,995)	(43,407)		(28,972)
Income tax expense	(351)	(378)		(361)
Loss before gain on sale of real estate	(47,199)	(68,093)		(52,511)
Gain on sale of real estate	15,415
Net loss	(31,784)	(68,093)		(52,511)
Less: Net loss attributable to noncontrolling interest	(117)	(38)
Net loss attributable to common stockholders	$ (31,667)	$ (68,055)		$ (52,511)
Net loss per share of common stock (basic and diluted)	$ (0.18)	$ (0.44)		$ (0.61)
Weighted average number of shares of common stock outstanding (basic and diluted)	175,121	153,804	[1]	85,710
Distributions declared per share of common stock	$ 0.4232	$ 0.4232		$ 0.4071
[1]	For the purposes of determining the weighted average number of shares of common stock outstanding, stock distributions issued are treated as if they were outstanding for all periods presented.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (31,784)	$ (68,093)	$ (52,511)
Other comprehensive income (loss):
Unrealized gain (loss) on derivative financial instruments, net	1,903	(5,143)	(3,915)
Reclassification of cash flow hedges upon derecognition		236
Reclassification of cash flow hedges due to ineffectiveness	(18)	33
Unrealized gain (loss) on derivative financial instruments of equity method investments	(1)	(9)	10
Total other comprehensive income (loss)	1,884	(4,883)	(3,905)
Comprehensive loss	(29,900)	(72,976)	(56,416)
Less: Comprehensive loss attributable to noncontrolling interest	(117)	(38)
Comprehensive loss attributable to common stockholders	$ (29,783)	$ (72,938)	$ (56,416)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND REDEEMABLE NONCONTROLLING INTEREST - USD ($) $ in Thousands	Total	Redeemable Noncontrolling Interest	Common Stock	Capital in Excess of Par Value	Accumulated Loss	Accumulated Distributions	Accumulated Other Comprehensive Loss	Total Stockholders' Equity	Non- controlling Interest
Beginning Balance at Dec. 31, 2013	$ 451,981		$ 582	$ 500,361	$ (30,580)	$ (17,423)	$ (959)	$ 451,981
Beginning Balance (in shares) at Dec. 31, 2013			58,218,000
Subscriptions received for common stock through reinvestment plan	$ 572,324		$ 560	571,764				572,324
Subscriptions received for common stock through public offering and reinvestment plan (in shares)			56,006,000
Stock distributions			$ 24	(24)
Stock distributions, shares	2,400,000		2,356,000
Redemptions of common stock	$ (2,996)		$ (3)	(2,993)				(2,996)
Redemption of common stock, shares			(324,000)
Stock issuance and offering costs	(59,782)			(59,782)				(59,782)
Net loss	(52,511)				(52,511)			(52,511)
Other comprehensive income (loss)	(3,905)						(3,905)	(3,905)
Distributions to holders of promoted interest	(2,000)			(2,000)				(2,000)
Cash distributions declared and paid or reinvested	(31,919)					(31,919)		(31,919)
Contribution from noncontrolling interests	968	$ 568							$ 400
Ending Balance at Dec. 31, 2014	872,160	568	$ 1,163	1,007,326	(83,091)	(49,342)	(4,864)	871,192	400
Ending Balance (in shares) at Dec. 31, 2014			116,256,000
Subscriptions received for common stock through reinvestment plan	$ 588,704		$ 561	588,143				588,704
Subscriptions received for common stock through public offering and reinvestment plan (in shares)			55,956,000
Stock distributions			$ 32	(32)
Stock distributions, shares	3,200,000		3,196,000
Redemptions of common stock	$ (9,309)		$ (12)	(9,297)				(9,309)
Redemption of common stock, shares			(978,000)
Stock issuance and offering costs	(57,359)			(57,359)				(57,359)
Net loss	(68,093)	(17)			(68,055)			(68,055)	(21)
Other comprehensive income (loss)	(4,883)						(4,883)	(4,883)
Distribution to holder of noncontrolling interest	(23)								(23)
Cash distributions declared and paid or reinvested	(63,201)					(63,201)		(63,201)
Contribution from noncontrolling interests	1,106								1,106
Ending Balance at Dec. 31, 2015	$ 1,259,102	551	$ 1,744	1,528,781	(151,146)	(112,543)	(9,747)	1,257,089	1,462
Ending Balance (in shares) at Dec. 31, 2015	174,430,000		174,430,000
Subscriptions received for common stock through reinvestment plan	$ 42,554		$ 44	42,510				42,554
Subscriptions received for common stock through public offering and reinvestment plan (in shares)			4,365,000
Redemptions of common stock	(36,243)		$ (37)	(36,206)				(36,243)
Redemption of common stock, shares			(3,725,000)
Net loss	(31,784)	(79)			(31,667)			(31,667)	(38)
Other comprehensive income (loss)	1,884						1,884	1,884
Distribution to holder of noncontrolling interest	(38)								(38)
Distributions to holders of promoted interest	(6,650)			(6,650)				(6,650)
Cash distributions declared and paid or reinvested	(74,008)					(74,008)		(74,008)
Ending Balance at Dec. 31, 2016	$ 1,154,817	$ 472	$ 1,751	$ 1,528,435	$ (182,813)	$ (186,551)	$ (7,863)	$ 1,152,959	$ 1,386
Ending Balance (in shares) at Dec. 31, 2016	175,070,000		175,070,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating activities:
Net loss	$ (31,784)	$ (68,093)	$ (52,511)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	122,985	105,945	63,112
Amortization of loan costs	4,082	3,762	2,921
Accretion of note origination costs			60
Amortization of above and below market intangibles	753	915	345
Straight-line rent adjustments	(6,251)	(4,309)	(2,472)
Unrealized (gain) loss from mark-to-market adjustments on swaps	(18)	33
Loss on extinguishment of debt	368	986
Contingent purchase price consideration adjustment	(290)	(589)	(630)
Equity in earnings of unconsolidated entities, net of distributions	460	1,486	2,931
Impairment provision		4,661
Loss on lease terminations	785	863
Gain on sale of real estate	(15,415)
Gain on purchase of controlling interest in unconsolidated entity			(2,798)
Bad debt expense	346	1,170
Changes in operating assets and liabilities:
Other assets	(2,024)	1,406	(1,791)
Deferred rent and lease incentives	(5,386)	(13,156)	(1,016)
Due from related parties			(155)
Accounts payable and accrued liabilities	(1,272)	6,423	7,235
Other liabilities	4,350	1,586	5,038
Due to related parties	1,715	428	(997)
Net cash flows provided by operating activities	73,404	43,517	19,272
Investing activities:
Acquisition of properties	(28,088)	(866,340)	(869,458)
Development of properties	(95,142)	(73,552)	(47,150)
Proceeds from sale of real estate	33,629
Issuance of note receivable to related party			(2,065)
Collection of note receivable from related party			5,591
Distribution from unconsolidated entities			2,206
Purchase of controlling interest in unconsolidated entity			(1,584)
Investment in unconsolidated entities			(220)
Receipt of contingent purchase price consideration	367
Changes in restricted cash	(2,435)	466	(7,914)
Capital expenditures	(7,362)	(8,029)	(4,021)
Payment of leasing costs	(2,846)	(2,806)	(543)
Deposits on real estate		(500)	(500)
Net cash used in investing activities	(101,877)	(950,761)	(925,658)
Financing activities:
Subscriptions received for common stock through public offering		551,876	554,608
Payment of stock issuance and offering costs	(32)	(58,983)	(58,880)
Distributions to stockholders, net of distribution reinvestments	(31,454)	(26,373)	(14,203)
Redemptions of common stock	(28,585)	(7,441)	(2,246)
Contribution from redeemable noncontrolling interest			568
Contribution from noncontrolling interest		71	400
Distributions to holder of noncontrolling interest	(38)	(23)
Distribution to holder of promoted interest	(4,650)		(2,000)
Draws under revolving credit facilities	105,113	775,000	367,223
Repayments on revolving credit facilities	(120,250)	(321,403)	(259,320)
Proceeds from mortgage and other notes payable	157,620	95,570	402,438
Principal payments on mortgage and other notes payable	(54,272)	(115,818)	(27,012)
Lender deposits			(150)
Contingent purchase price consideration payment	(2,992)
Purchase of interest rate cap	(587)	(2,251)
Payment of loan costs	(1,805)	(5,414)	(7,894)
Net cash flows provided by financing activities	18,068	884,811	953,532
Net increase (decrease) in cash	(10,405)	(22,433)	47,146
Cash at beginning of period	68,922	91,355	44,209
Cash at end of period	58,517	68,922	91,355
Supplemental disclosure of cash flow information:
Cash paid during the period for interest, net of capitalized interest of approximately $2.5 million, $2.0 million and $0.9 million, respectively	50,762	37,621	26,724
Cash paid for income taxes	1,140	702	545
Amounts incurred but not paid (including amounts due to related parties):
Stock issuance and offering costs		32	1,656
Loan costs	26	136	310
Accrued development costs	12,497	11,251	7,951
Redemptions payable	10,397	2,739	872
Noncontrolling interests non-cash contributions		1,035
Contingent purchase price consideration	4,644	7,500	268
Loan cost amortization capitalized on development properties	320	382	73
Distribution to holder of promoted interest	$ 2,000
Assumption of liabilities on acquired property		6,905	1,000
Assumption of mortgage note payable on acquired property		$ 7,128	$ 27,657

CONSOLIDATED STATEMENTS OF CAS8

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement Of Cash Flows [Abstract]
Interest paid, capitalized	$ 2.5	$ 2	$ 0.9

Organization

Organization	12 Months Ended
	Dec. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	1. Organization CNL Healthcare Properties, Inc. was incorporated on June 8, 2010 and elected to be taxed as a REIT for U.S. federal income tax purposes beginning with the year ended December 31, 2012. The Company is externally advised by CNL Healthcare Corp. and its property manager is CNL Healthcare Manager Corp., each of which is a wholly owned subsidiary of CNL Financial Group, LLC, the Company’s Sponsor. The Sponsor is an affiliate of CNL Financial Group, Inc. and CNL Securities Corp., the managing dealer of the Company’s Offerings and a wholly owned subsidiary of CNL. The Advisor is responsible for managing the Company’s affairs on a day-to-day basis and for identifying and making acquisitions and investments on behalf of the Company pursuant to an advisory agreement among the Company, the Operating Partnership and the Advisor. Substantially all of the Company’s acquisition, operating, administrative and certain property management services are provided by affiliates of the Advisor and the Property Manager. In addition, third-party sub-property managers have been engaged to provide certain property management services. The Company contributed the net proceeds from its Offerings to the Operating Partnership in exchange for partnership interests. The Company conducts substantially all of its operations either directly or indirectly through: (1) an operating partnership, CHP Partners, LP, in which the Company is the sole limited partner and its wholly-owned subsidiary, CHP GP, LLC, is the sole general partner; (2) a wholly-owned TRS, CHP TRS Holding, Inc.; (3) property owner and lender subsidiaries, which are single purpose entities; and (4) investments in joint ventures. With the completion of the Offerings and substantial completion of its acquisition phase, the Company’s focus is on actively managing a diversified portfolio of healthcare real estate and real estate-related assets within the seniors housing, medical office, post-acute care and acute care asset classes. The types of seniors housing that the Company has acquired include independent and assisted living facilities, continuing care retirement communities, and Alzheimer’s / memory care facilities. The types of medical offices that the Company has acquired include MOBs, specialty medical and diagnostic service facilities, surgery centers, outpatient rehabilitation facilities, and other facilities designed for clinical services. The types of post-acute care facilities that the Company has acquired include skilled nursing facilities and inpatient rehabilitative hospitals. The types of acute care facilities that the Company has acquired include specialty surgical hospitals. The Company views, manages and evaluates its portfolio homogeneously as one collection of healthcare assets with a common goal of maximizing revenues and property income regardless of the asset class or asset type. The Company has primarily leased its seniors housing properties to wholly owned TRS entities and engaged independent third-party managers under management agreements to operate the properties under RIDEA structures; however, the Company has also leased its properties to third-party tenants under triple-net or similar lease structures, where the tenant bears all or substantially all of the costs (including cost increases, for real estate taxes, utilities, insurance and ordinary repairs). Medical office, post-acute care and acute care properties have been leased on a triple-net, net or modified gross basis to third-party tenants. In addition, most of the Company’s investments have been wholly owned, although, it has invested through partnerships with other entities where it is believed to be appropriate and beneficial. The Company has and continues to invest in existing property developments or properties that have not reached full stabilization.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation and Consolidation — The accompanying consolidated financial statements include the Company’s accounts, the accounts of wholly owned subsidiaries or subsidiaries for which the Company has a controlling interest, the accounts of VIEs in which the Company is the primary beneficiary, and the accounts of other subsidiaries over which the Company has a controlling financial interest. All material intercompany accounts and transactions have been eliminated in consolidation. In accordance with the guidance for the consolidation of a variable interest entity (“VIE”), the Company is required to identify entities for which control is achieved through means other than voting rights and to determine the primary beneficiary of its VIEs. The Company qualitatively assesses whether it is the primary beneficiary of a VIE and considers various factors including, but not limited to, the design of the entity, its organizational structure including decision-making ability and financial agreements, its ability and the rights of others to participate in policy making decisions, as well as its ability to replace the VIE manager and/or liquidate the entity. 2. Summary of Significant Accounting Policies (continued) Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the reported amounts of revenues and expenses during the reporting periods and the disclosure of contingent liabilities. For example, significant assumptions are made in the allocation of purchase price, the analysis of real estate impairments, the valuation of contingent assets and liabilities, and the valuation of restricted stock shares issued to the Advisor or Property Manager. Accordingly, actual results could differ from those estimates. Allocation of Purchase Price for Real Estate Acquisitions — Upon acquisition of properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building and improvements, tenant improvements and equipment), intangible assets (consisting of in-place leases and above- or below-market leases), liabilities assumed and any contingent assets or liabilities in order to allocate the purchase price. In estimating the fair value of the assets acquired and liabilities assumed, the Company considers information obtained about each property as a result of its due diligence and utilizes various valuation methods, such as estimated cash flow projections using appropriate discount and capitalization rates, estimates of replacement costs net of depreciation and available market information. The fair value of the tangible assets of an acquired leased property is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to land and building based on the relative fair values of these assets. The purchase price is allocated to in-place lease intangibles based on management’s evaluation of the specific characteristics of the acquired lease(s). Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, including estimates of lost rental income during the expected lease-up periods, and costs to execute similar leases such as leasing commissions, legal and other related expenses. Above- and below-market lease intangibles are recorded based on the present value of the difference between the contractual rents to be paid pursuant to the lease and management’s estimate of the fair market lease rates for each in-place lease and may include assumptions for lease renewals of below-market leases. The Company also enters into contingent purchase price consideration arrangements in connection with acquisitions, which result in either an asset or liability being recognized as part of the purchase price allocation. In calculating the estimated fair value of contingent purchase price consideration arrangements, the Company considers information obtained during the due diligence and budget process as well as discount rates to determine the fair value. The Company evaluates the fair value of the arrangements at each reporting period and records any adjustments to the fair value as a component of operating income (expense) in the consolidated statement of operations. Refer to Note 9. “Contingent Purchase Price Consideration” for additional information on fair value measurements of contingent purchase price consideration arrangements. Depreciation and Amortization — Real estate costs related to the acquisition and improvement of properties are capitalized. Repair and maintenance costs are charged to expense as incurred and significant replacements and improvements are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Real estate assets are stated at cost less accumulated depreciation, which is computed using the straight-line method of accounting over the estimated useful lives of the related assets. Buildings and improvements are depreciated on the straight-line method over their estimated useful lives, which generally are the lesser of 39 and 15 years, respectively, or the remaining life of the ground lease. Amortization of intangible assets is computed using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease is terminated or modified prior to its scheduled expiration, the Company recognizes a loss on lease termination related to the unamortized lease-related costs not deemed to be recoverable. Impairment of Real Estate Assets — Real estate assets are reviewed on an ongoing basis to determine whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may be impaired. To assess if an asset group is potentially impaired, management compares the estimated current and projected undiscounted cash flows, including estimated net sales proceeds, of the asset group over its remaining useful life to the net carrying value of the asset group. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. In the event that the carrying value exceeds the undiscounted operating cash flows, the Company would recognize an impairment provision to adjust the carrying value of the asset group to the estimated fair value of the asset group. 2. Summary of Significant Accounting Policies (continued) When impairment indicators are present for real estate indirectly owned, through an investment in a joint venture or other similar investment structure accounted for under the equity method, the Company compares the estimated fair value of its investment to the carrying value. An impairment charge will be recorded to the extent fair value of the investment is less than the carrying amount and the decline in value is determined to be other than a temporary decline. Real Estate Under Development — The Company records real estate under development at cost, including acquisition fees and closing costs incurred. The cost of the real estate under development includes direct and indirect costs of development, including interest and miscellaneous costs incurred during the development period until the project is substantially complete and available for occupancy. In addition, during active development, all operating expenses related to the project, including property expenses such as real estate taxes and insurance, are capitalized rather than expensed and incidental revenue is recorded as a reduction of capitalized development costs. Preleasing costs are expensed as incurred. Real Estate Held For Sale — The Company classifies the assets associated with any property as held for sale once management has the authority to approve and commits to a plan to sell the property, the property is available for immediate sale, there is an active program to locate a buyer, the sale of the property is probable and the transfer of the property is expected to occur within one year. Upon the determination to classify a property as held for sale, the Company ceases recording further depreciation and amortization relating to the associated assets and those assets are measured at the lower of its carrying amount or fair value less disposition costs and are presented separately in the consolidated balance sheets for all periods presented. In addition, the Company classifies real estate held for sale as discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on the Company’s operations and financial results. Capitalized Interest — Interest and loan cost amortization attributable to funds used to finance real estate under development is capitalized as additional costs of development. The Company capitalizes interest at the weighted average interest rate of the Company’s outstanding indebtedness and based on its weighted average expenditures for the period. Capitalization of interest on a specific project ceases when the project is substantially complete and ready for occupancy. During the years ended December 31, 2016, 2015 and 2014, the Company incurred interest expense and loan cost amortization of approximately $61.1 million, $45.3 million and $31.5 million, respectively, of which approximately $2.8 million, $2.3 million and $1.0 million, respectively, was capitalized according to this policy. Cash — Cash consists of demand deposits at commercial banks. The Company also invests in cash equivalents consisting of highly liquid investments in money market funds with original maturities of three months or less during the year. As of December 31, 2016, certain of the Company’s cash deposits exceeded federally insured amounts. However, the Company continues to monitor the third-party depository institutions that hold the Company’s cash, primarily with the goal of safeguarding principal. The Company attempts to limit cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on cash. Restricted Cash — Certain amounts of cash are escrowed to fund capital expenditures, property taxes and/or insurance as required by the loan or lease terms, and certain security deposits represent restricted use funds. Loan Costs — Financing costs paid in connection with obtaining debt are deferred and amortized over the estimated life of the debt using the effective interest method. As of December 31, 2016 and 2015, the accumulated amortization of loan costs was approximately $10.3 million and $7.8 million, respectively. Deferred Lease-Related Costs – The Company defers lease-related costs that it incurs to obtain new or extend existing leases. The Company amortizes these costs using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease is terminated or modified prior to its scheduled expiration, the Company recognizes a loss on lease termination related to the unamortized deferred lease-related costs not deemed to be recoverable. Revenue Recognition — Rental income from operating leases is recorded on the straight-line basis over the terms of the leases for new leases and the remaining terms of existing leases for those acquired as part of a property acquisition. The straight-line method records the periodic average amount of base rent earned over the term of a lease, taking into account contractual rent increases over the lease term. The Company records the difference between base rent revenues earned and amounts due per the respective lease agreements, as applicable, as an increase or decrease to deferred rent and lease incentives in the accompanying consolidated balance sheets. 2. Summary of Significant Accounting Policies (continued) Some of the Company’s leases require the tenants to pay certain additional contractual amounts that are set aside by the Company for replacements of fixed assets and other improvements to the properties. These amounts are and will remain the property of the Company during and after the term of the lease. The amounts are recorded as capital improvement reserve income at the time that they are earned and are included in rental income from operating leases in the accompanying consolidated statement of operations. Additional percentage rent that is due contingent upon tenant performance thresholds, such as gross revenues, is deferred until the underlying performance thresholds have been achieved. Resident fees and services consist of monthly services, which include rent, assistance and other related services. Agreements with residents are generally for an initial term of three months and are generally cancelable by the residents with a 30-day notice. Tenant reimbursement income represents amounts tenants are required to reimburse the Company for expenses incurred on behalf of the tenants, in accordance with the terms of the leases and are recognized in the period in which the related reimbursable expenses are incurred. Interest income is recognized on an accrual basis when earned. Any deferred portion of contractual interest is recognized on a straight-line basis over the term of the corresponding note receivable. Loan origination fees incurred are recognized as a reduction to interest income over the term of the note receivable. Reclassifications – Certain amounts in the prior year’s consolidated balance sheet have been reclassified to conform to the current year’s presentation with no effect on the other previously reported consolidated financial statements. Derivative Financial Instruments — The Company and certain unconsolidated equity method investments held by the Company use derivative financial instruments to partially offset the effect of fluctuating interest rates on the cash flows associated with its variable-rate debt. Upon entry into a derivative, the Company or its unconsolidated equity method investment formally designates and documents the financial instrument as a hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transaction. The Company or its unconsolidated equity method investment accounts for derivatives through the use of a fair value concept whereby the derivative positions are stated at fair value in the accompanying consolidated balance sheets. The fair value of derivatives used to hedge or modify risk fluctuates over time. As such, the fair value amounts should not be viewed in isolation, but rather in relation to the cash flows or fair value of the underlying hedged transaction and to the overall reduction in the exposure relating to adverse fluctuations in interest rates on the Company’s or its unconsolidated equity method investment’s variable-rate debt. Realized and unrealized gain (loss) on derivative financial instruments designated by either the Company or its unconsolidated equity method investment as cash flow hedges are reported as a component of other comprehensive income (loss), a component of stockholders’ equity, in the accompanying consolidated statements of comprehensive income (loss) to the extent they are effective; reclassified into earnings on the same line item associated with the hedged transaction and in the same period the hedged transaction affects earnings. Any ineffective portions of cash flow hedges are reported in the accompanying consolidated statements of operations as derivative gain (loss). Realized and unrealized gain (loss) on derivative financial instruments designated as cash flow hedges that are entered into by the Company’s equity method investments are reported as a component of the Company’s other comprehensive income (loss) in proportion to the Company’s ownership percentage in the investment, with reclassifications and ineffective portions being included in equity in earnings (loss) of unconsolidated entities in the accompanying consolidated statements of operations. Fair Value Measurements — Fair value assumptions are based on the framework established in the fair value accounting guidance under GAAP. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes the following fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable: • Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. • Level 2 — Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability either directly or indirectly; such as, quoted prices for similar assets or liabilities or other inputs that can be corroborated by observable market data. • Level 3 — Unobservable inputs for the asset or liability, which are typically based on the Company’s own assumptions, as there is little, if any, related market activity. 2. Summary of Significant Accounting Policies (continued) When market data inputs are unobservable, the Company utilizes inputs that it believes reflects the Company’s best estimate of the assumptions market participants would use in pricing the asset or liability. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. Mortgages and Other Notes Payable — Mortgages and other notes payable are recorded at the stated principal amount and are generally collateralized by the Company’s properties. Mortgages and other notes payable assumed in connection with an acquisition are recorded at fair market value as of the date of the acquisition. Redemptions — Under the Company’s stock redemption plan, a stockholder’s shares are deemed to have been redeemed as of the date that the Company accepts the stockholder’s request for redemption. From and after such date, the stockholder by virtue of such redemption is no longer entitled to any rights as a stockholder in the Company. Shares redeemed are retired and not available for reissue. Net Loss per Share — Net loss per share is calculated based upon the weighted average number of shares of common stock outstanding during the period in which the Company was operational. For the purposes of determining the weighted average number of shares of common stock outstanding, stock distributions are treated as if they were issued and outstanding for the full periods presented. Therefore, the weighted average number of shares outstanding for the years ended December 31, 2015 and 2014 have been revised to include stock distributions declared and issued as if they were outstanding as of the beginning of each period presented. Shares Based Payments to Non-Employees — In connection with the Amended Expense Support Agreements described in Note 11. “Related Party Arrangements,” the Company may issue Restricted Stock to the Advisor or the Property Manager on an annual basis in exchange for providing expense support in the event that cash distributions declared exceed modified funds from operations as defined by the Amended Expense Support Agreements. The Restricted Stock is forfeited if shareholders do not ultimately receive their original invested capital back with at least a 6% annualized return of investment upon a future liquidity or disposition event of the Company. Upon issuance of Restricted Stock, the Company measures the fair value at its then-current lowest aggregate fair value pursuant to ASC 505-50. On the date in which the Advisor or the Property Manager satisfies the vesting criteria, the Company remeasures the fair value of the Restricted Stock pursuant to ASC 505-50 and records expense equal to the difference between the original fair value and that of the remeasurement date. In addition, given that performance is outside the control of the Advisor or the Property Manager and involves both market conditions and counterparty performance conditions, the shares are treated as unissued for accounting purposes and the Company only includes the Restricted Stock in the calculation of diluted earnings per share to the extent their effect is dilutive and the vesting conditions have been satisfied as of the reporting date. Pursuant to the expense support agreements, the Advisor or the Property Manager shall be the record owner of the Restricted Stock until the shares of common stock are sold or otherwise disposed of, and shall be entitled to all of the rights of a stockholder of the Company including, without limitation, the right to vote such shares (to the extent permitted by the Company’s articles of incorporation) and receive all dividends and other distributions paid with respect to such shares. All dividends or other distributions actually paid to the Advisor or the Property Manager in connection with the Restricted Stock shall vest immediately and will not be subject to forfeiture. The Company recognizes expense related to the dividends on the Restricted Stock shares as declared. Segment Information — Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company has determined that it operates in one operating segment, real estate ownership. The Company’s chief operating decision maker evaluates the Company’s operations from a number of different operational perspectives including, but not limited to, a property-by-property basis and by tenant or operator. The Company derives all significant revenues from a single reportable operating segment of business, healthcare real estate, regardless of the type (seniors housing, medical office, etc.) or ownership structure (leased or managed). Accordingly, the Company does not report segment information; nevertheless, management periodically evaluates whether the Company continues to have one single reportable segment of business. 2. Summary of Significant Accounting Policies (continued) Redeemable Noncontrolling Interest – The Company classifies redeemable equity securities in accordance with Accounting Standard Update (“ASU”) No. 2009-04, “Liabilities (Topic 480): Accounting for Redeemable Equity Instruments,” which requires that equity securities redeemable at the option of the holder be classified outside of permanent stockholders’ equity. The Company classifies redeemable equity securities as redeemable noncontrolling interest within the accompanying consolidated balance sheets and consolidated statements of stockholders’ equity and redeemable noncontrolling interest. The Company evaluates the probability that these equity securities will become redeemable at each reporting period and, if determined probable, the Company measures the redemption value and records an adjustment to the carrying value of the equity securities as a component of redeemable noncontrolling interest. Promoted Interest – The Company accounts for promoted interests with third-party developers in a manner similar to redeemable noncontrolling interests discussed above. The Company records the initial carrying value of the promoted interest at its issuance date fair value. Subsequently, as the completed developments stabilize and it becomes probable that the promoted interest thresholds will be met, the Company records a liability equal to the estimated redemption value at the end of each reporting period based on the conditions that exist as of the balance sheet date. In connection with the measurement of this liability, the Company records, as a reduction to capital in excess of par value, an amount equal to the difference between the promoted interests’ carrying value and the consideration paid or payable. Acquisition Fees and Expenses — Acquisition fees, including investment services fees and expenses associated with transactions deemed to be business combinations (including investment transactions that are no longer under consideration), are expensed as incurred. Acquisition fees and expenses associated with making loans and with transactions deemed to be an asset purchase are capitalized. The following table summarizes the Company’s acquisition fees and expenses for the years ended December 31, 2016, 2015 and 2014 (in millions): December 31, 2016 2015 2014 Capitalized as real estate under development $ 0.2 $ 4.2 $ 3.4 Acquisition costs expensed 1.0 21.5 23.9 Total acquisition costs incurred $ 1.2 $ 25.7 $ 27.3 Income Taxes — The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended and related regulations beginning with the year ended December 31, 2012. In order to be taxed as a REIT, the Company is subject to certain organizational and operational requirements, including the requirement to make distributions to its stockholders each year of at least 90% of its REIT taxable income (which is computed without regard to the dividends-paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). If the Company qualifies for taxation as a REIT, the Company generally will not be subject to U.S. federal income tax on income that the Company distributes as dividends. If the Company fails to quality as a REIT in any taxable year, the Company will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost, unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and U.S. federal income and excise taxes on its undistributed income. The Company may also be subject to foreign taxes on investments outside of the U.S. based on the jurisdictions in which the Company conducts business. The Company has and will continue to form subsidiaries which may elect to be taxed as a TRS for U.S. federal income tax purposes. Under the provisions of the Internal Revenue Code and applicable state laws, a TRS will be subject to tax on its taxable income from its operations. The Company will account for federal and state income taxes with respect to a TRS using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities, the respective tax bases, operating losses and/or tax-credit carryforwards. Prior to the Company’s REIT election, it was subject to corporate federal and state income taxes. Prior to and including the year ended December 31, 2011, the Company did not have earnings. The tax years from 2011 to 2015 2. Summary of Significant Accounting Policies (continued) Investment in Unconsolidated Entity — The Company accounts for its investment in an unconsolidated joint venture under the equity method of accounting as the Company exercises significant influence, but does not maintain a controlling financial interest over these entities. The investment is recorded initially at cost and subsequently adjusted for cash contributions, distributions and equity in earnings (loss) of the unconsolidated entity. Based on the joint venture’s structure and any preference the Company receives on distributions and liquidation, the Company records its equity in earnings (loss) of the unconsolidated entity under the HLBV method of accounting. Under this method, the Company recognizes income or loss in each period as if the net book value of the assets in the venture were hypothetically liquidated at the end of each reporting period pursuant to the provisions of the joint venture agreement. In any given period, the Company could be recording more or less equity in earnings (loss) than actual cash distributions received or an investment balance that is more or less than what the Company may receive in the event of an actual liquidation. The Company determines whether distributions are classified as returns on investment or returns of investment based on the nature of the distribution. The Company’s investment in the unconsolidated entity was accounted for as an asset acquisition in which acquisition fees and expenses were capitalized as part of the basis in the investment in unconsolidated entity. These capitalized acquisition fees and expenses create an outside basis difference that are allocated to the assets of the investee and, if assigned to depreciable or amortizable assets, the basis differences are then amortized as a component of equity in earnings (loss) of unconsolidated entities. Adopted Accounting Pronouncements — In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis,” which requires amendments to both the VIE and voting models. The amendments (i) modify the identification of variable interests (fees paid to a decision maker or service provider), the VIE characteristics for a limited partnership or similar entity and primary beneficiary determination under the VIE model, and (ii) eliminate the presumption within the current voting model that a general partner controls a limited partnership or similar entity. The new guidance is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2015 with early adoption permitted. The amendments may be applied using either a modified retrospective or full retrospective approach. The Company retrospectively adopted ASU 2015-02 on January 1, 2016; the adoption of which modified the Company’s identification and conclusions for certain entities from variable interest entities to voting interest entities and resulted in the removal of the required disclosures related to those entities, but did not have a material impact to the Company’s consolidated financial position, results of operations or cash flows as the Company’s consolidation determinations for all of its VIEs remained unchanged. In April 2015, the FASB issued ASU 2015-03, “Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs,” which requires that loan costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts or premiums. The new guidance is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2015 with early adoption permitted. The ASU is to be applied retrospectively for each period presented. Upon adoption, an entity is required to comply with the applicable disclosures for a change in an accounting principle. The FASB subsequently issued ASU 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements,” which clarifies that, given the absence of authoritative guidance in ASU 2015-03 regarding presentation and subsequent measurement of loan costs related to line-of-credit arrangements, the SEC Staff would not object to an entity deferring and presenting loan costs as an asset and subsequently amortizing the loan costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The Company adopted ASU 2015-03 on January 1, 2016; the adoption of which impacted the Company’s presentation of its consolidated financial position but did not have a material impact on the Company’s consolidated results of operations or cash flows. Accordingly, the Company has retrospectively adjusted the presentation of loan costs for all per

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Acquisitions	3. Acquisitions Real Estate Investment Properties — During the year ended December 31, 2016, the Company acquired the following post-acute care facility: Date Purchase Price Name and Location Structure Acquired (in thousands) Post-Acute Care Cobalt Rehabilitation Hospital New Orleans Triple-net Lease 10/19/2016 $ 28,588 New Orleans, LA $ 28,588 3. Acquisitions ( continued ) During the year ended December 31, 2015, the Company acquired the following 39 properties, which were comprised of 15 senior housing communities, 22 MOBs, one post-acute care facility and one acute care hospital as follows: Date Purchase Price Name and Location Structure Acquired (in thousands) Acute care Triangle Orthopaedic North Carolina Specialty Hospital Modified Lease 6/29/2015 $ 31,830 Durham, NC Medical Office Novi Orthopaedic Center Modified Lease 2/13/2015 30,500 (1) Novi, MI Southeast Medical Office Properties UT Cancer Institute Building Modified Lease 2/20/2015 33,660 Knoxville, TN Bend Memorial Clinic MOB Modified Lease 5/11/2015 36,000 (1) Bend, OR Stoneterra Medical Plaza Modified Lease 5/29/2015 15,050 (1) San Antonio, TX Triangle Orthopaedic Triangle Orthopaedic Durham Modified Lease 6/29/2015 21,275 Durham, NC Triangle Orthopaedic Oxford Modified Lease 6/29/2015 4,728 Oxford, NC Triangle Orthopaedic Chapel Hill Modified Lease 6/29/2015 3,258 Chapel Hill, NC Triangle Orthopaedic Roxboro Modified Lease 6/29/2015 2,067 Roxboro, NC Doctor's Park Doctor's Park Building B Modified Lease 6/30/2015 5,000 (1) Chula Vista, CA ("San Diego") Doctor's Park Building C Modified Lease 6/30/2015 10,000 (1) Chula Vista, CA ("San Diego") 540 New Waverly Place Modified Lease 7/20/2015 15,000 (1) Cary, NC ("Raleigh") MedHelp Modified Lease 7/31/2015 15,000 (1) Birmingham, AL 3. Acquisitions ( continued ) Date Purchase Price Name and Location Structure Acquired (in thousands) Maryland MOBs Patriot Professional Center Modified Lease 7/31/2015 16,950 (1) Frederick, MD ("Baltimore") Liberty Professional Center Modified Lease 7/31/2015 7,300 (1) Frederick, MD ("Baltimore") Columbia MOBs Broadway Medical Plaza 1 Modified Lease 8/21/2015 10,700 (1) Columbia, MO Broadway Medical Plaza 2 Modified Lease 8/21/2015 13,100 (1) Columbia, MO Broadway Medical Plaza 4 Modified Lease 8/21/2015 14,200 (1) Columbia, MO Center One Modified Lease 11/30/2015 34,362 (1) Jacksonville, FL Red Bank Professional Office Building Modified Lease 12/14/2015 10,610 (1) Cincinnati, OH Henderson NV MOBs Siena Pavilion IV Modified Lease 12/18/2015 6,990 Henderson, NV ("Las Vegas") Siena Pavilion V Modified Lease 12/18/2015 27,859 Henderson, NV ("Las Vegas") Siena Pavilion VI Modified Lease 12/18/2015 19,474 Henderson, NV ("Las Vegas") Post-Acute Care Cobalt Rehabilitation Hospital Surprise Triple-net Lease 12/30/2015 23,660 (1) Surprise, AZ ("Phoenix") Seniors Housing Fieldstone Memory Care Managed 3/31/2015 12,400 (1) Yakima, WA Primrose III Communities Primrose Retirement Community of Anderson Triple-net Lease 5/29/2015 21,086 Anderson, IN ("Muncie") Primrose Retirement Community of Lancaster Triple-net Lease 5/29/2015 25,657 Lancaster, OH ("Columbus") Primrose Retirement Community of Wausau Triple-net Lease 5/29/2015 20,307 Wausau, WI ("Green Bay") Superior Residences of Panama City Managed 7/15/2015 20,000 (1) Panama City Beach, FL Southeast Seniors Housing Communities Parc at Duluth Triple-net Lease 7/31/2015 52,800 Duluth, GA ("Atlanta") Parc at Piedmont Triple-net Lease 7/31/2015 50,800 Marietta, GA ("Atlanta") The Pavilion at Great Hills Managed 7/31/2015 35,000 Austin, TX The Hampton at Meadows Place Managed 7/31/2015 28,400 Meadows Place, TX ("Houston") The Beacon at Gulf Breeze Managed 7/31/2015 28,000 Gulf Breeze, FL ("Pensacola") 3. Acquisitions ( continued ) Date Purchase Price Name and Location Structure Acquired (in thousands) Palmilla Senior Living Managed 9/30/2015 47,600 Albuquerque, NM Cedar Lake Assisted Living and Memory Care Managed 9/30/2015 30,000 Lake Zurich, IL ("Chicago") The Shores of Lake Phalen Managed 11/10/2015 29,250 (1) Maplewood, MN ("St. Paul") Park Place Senior Living at WingHaven Managed 12/17/2015 54,000 O'Fallon, MO ("St. Louis") Hearthside Senior Living of Collierville Managed 12/29/2015 17,000 (1) Collierville, TN ("Memphis") $ 880,873 FOOTNOTE: (1) This represents a single property or portfolio acquisition that is not considered material to the Company and as such no pro forma financial information has been included related to this property. The following summarizes the purchase price allocation for the above properties, and the estimated fair values of the assets acquired and liabilities assumed (in thousands): December 31, 2016 2015 Land and land improvements $ 3,283 $ 91,419 Buildings and building improvements 20,142 702,611 Furniture, fixtures and equipment — 11,746 Intangibles (1) 5,163 86,601 Other liabilities — (5,175 ) Liabilities assumed — (6,905 ) Assumed mortgage note payable (2) — (6,976 ) Net assets acquired 28,588 873,321 Contingent purchase price consideration — (6,481 ) Total purchase price consideration $ 28,588 $ 866,840 FOOTNOTES: (1) At the acquisition date, the weighted-average amortization period on the acquired lease intangibles for the years ended December 31, 2016 and 2015 were approximately 20.0 and 7.7 years, respectively. The acquired lease intangibles during the year ended December 31, 2016 were comprised of approximately $5.1 million and $0.1 million of in-place lease intangibles and other lease intangibles, respectively, and the acquired lease intangibles during the year ended December 31, 2015 were comprised of approximately $81.8 million and $4.8 million of in-place lease intangibles and other lease intangibles, respectively. (2) During the year ended December 31, 2015, the Company assumed a discount on a below-market mortgage note payable assumed of approximately $0.2 million at the acquisition date. The revenues and net loss (including deductions for acquisition fees and expenses and depreciation and amortization expense) attributable to the Company’s material acquisitions were approximately $0.6 million and $0.4 million, respectively, for the year ended December 31, 2016; and approximately $18.0 million and $8.8 million, respectively, for the year ended December 31, 2015. 3. Acquisitions ( continued ) The following table presents the unaudited pro forma results of operations for the Company as if the 2016 acquisition noted above was acquired as of January 1, 2015 and the unaudited pro forma results of operations for the Company as if each of the 2015 material acquisitions noted above were acquired as of January 1, 2014 (in thousands except per share data): Years ended December 31, (Unaudited) (Unaudited) (Unaudited) 2016 2015 2014 Total revenues $ 379,145 $ 348,684 $ 307,552 Net loss (1) $ (31,708 ) $ (70,864 ) $ (62,071 ) Loss per share of common stock (basic and diluted) $ (0.18 ) $ (0.42 ) $ (0.42 ) Weighted average number of shares of common stock outstanding (basic and diluted) (2) 175,121 170,735 148,443 FOOTNOTES: (1) Net loss for the years ended December 31, 2016 and 2015 was adjusted to exclude approximately $0.7 million and $11.3 million, respectively, of acquisition related expenses directly attributable to the properties acquired during the years ended December 31, 2016 and 2015. The unaudited pro forma results for the years ended December 31, 2015 and 2014 were adjusted to include these charges as if the properties were acquired on January 1, 2015 and 2014, respectively. (2) As a result of the properties acquired in 2015 being treated as operational since January 1, 2014, the Company assumed approximately 31.6 million additional shares were issued as of January 1, 2014. Consequently, the weighted average number of shares outstanding was adjusted to reflect this amount of shares being issued as of January 1, 2014, instead of actual dates on which the shares were issued, and such shares were treated as outstanding as of the beginning of the period presented. The property acquired in 2016 was assumed to be funded with cash on hand as of December 31, 2014. Real Estate Under Development — There were no acquisitions of real estate for development made by the Company during the year ended December 31, 2016. In August 2015, the Company acquired a tract of land in Greenville, South Carolina for $2.3 million (“Waterstone on Augusta”). In connection with the acquisition, the Company entered into a development agreement with a third-party developer for the construction and development of an assisted living and memory care community with a maximum development budget of approximately $27.0 million, including the allocated purchase price of the land. The Company determined that Waterstone on Augusta is a VIE because it believes there is insufficient equity at risk due to the development nature of the property. The Company is the primary beneficiary while the developer or its affiliates manage the development, construction and certain day-to-day operations of the property subject to the Company’s oversight. Under a promoted interest agreement with the developer, certain net operating income targets have been established which, upon meeting such targets, result in the developer being entitled to additional payments based on enumerated percentages of the assumed net proceeds of a deemed sale, subject to achievement of an established internal rate of return on the Company’s investment in the development. In September 2015, the Company acquired a tract of land in Grand Junction, Colorado for $1.1 million (“Welbrook Senior Living Grand Junction”). In connection with the acquisition, the Company entered into a development agreement with a third-party developer for the construction and development of a transitional rehabilitation facility with a maximum development budget of approximately $13.1 million, including the allocated purchase price of the land. The Company determined that Welbrook Senior Living Grand Junction is not a VIE because the Company’s equity investment is sufficient to finance the activities of the entity without a construction loan and the Company will receive substantially all expected residual returns. In September 2015, the Company acquired a tract of land in Lexington, South Carolina for $2.3 million (“Wellmore of Lexington”), which is a suburb of Columbia, South Carolina. In connection with the acquisition, the Company entered into a development agreement with a third-party developer for the construction and development of a continuing care retirement facility with a maximum development budget of approximately $53.9 million, including the allocated purchase price of the land. The Company determined that Wellmore of Lexington is a VIE because it believes there is insufficient equity at risk due to the development nature of the property. The Company is the primary beneficiary while the developer or its affiliates manage the development, construction and certain day-to-day operations of the property subject to the Company’s oversight. Under a promoted interest agreement with the developer, certain net operating income targets have been established which, upon meeting such targets, result in the developer being entitled to additional payments based on enumerated percentages of the assumed net proceeds of a deemed sale, subject to achievement of an established internal rate of return on the Company’s investment in the development. 3. Acquisitions ( continued ) In October 2015, the Company entered into a joint venture agreement with a third-party and acquired a 75% membership interest a tract of land in Yakima, Washington for $1.0 million (“Fieldstone at Pear Orchard”). The joint venture plans to construct and develop an independent and assisted living facility with a maximum development budget of approximately $15.3 million, including the allocated purchase price of the land. The Company determined that Fieldstone at Pear Orchard is a VIE because it believes there is insufficient equity at risk due to the development nature of the joint venture. The Company is the primary beneficiary and managing member while the joint venture partner or its affiliates manage the development, construction and certain day-to-day operations of the property subject to the Company’s oversight. The Company’s joint venture partner acquired a 25% noncontrolling interest. Pursuant to the joint venture agreement, distributions of operating cash flow will be distributed pro rata based on each member’s ownership interest. In November 2015, the Company acquired a tract of land in Grayson, Georgia for $1.8 million (“Dogwood Forest of Grayson”), which is approximately 35 miles from downtown Atlanta, Georgia. In connection with the acquisition, the Company entered into a development agreement with a third-party developer for the construction and development of an assisted living and memory care facility with a maximum development budget of approximately $26.0 million, including the allocated purchase price of the land. The Company determined that Dogwood Forest of Grayson is a VIE because it believes there is insufficient equity at risk due to the development nature of the property. The Company is the primary beneficiary while the developer or its affiliates manage the development, construction and certain day-to-day operations of the property subject to the Company’s oversight. Under a promoted interest agreement with the developer, certain net operating income targets have been established which, upon meeting such targets, result in the developer being entitled to additional payments based on enumerated percentages of the assumed net proceeds of a deemed sale, subject to achievement of an established internal rate of return on the Company’s investment in the development. Purchase of Controlling Interest in Montecito Joint Venture — In January 2013, the Company acquired a 90% membership interest in a two-story MOB in Claremont, California for approximately $7.0 million in equity through a joint venture (“Montecito Joint Venture”) formed by the Company and its co-venture partner, an unrelated party, that initially held the remaining 10% interest. The Montecito Joint Venture was previously recorded under the equity method of accounting because the decisions that significantly impacted the entity were shared between the Company and its co-venture partner, but it was not determined to be a VIE. In August 2014, the Company acquired its co-venture partner’s 10% interest in the Montecito Joint Venture for approximately $1.6 million. As a result of this transaction, the Company owns 100% of the Montecito Joint Venture, and began consolidating all of the assets, liabilities and results of operations in the Company’s consolidated financial statements upon acquisition. Accordingly, the Company recorded a step up from its carrying value of the investment in the Montecito Joint Venture to the estimated fair value of the net assets acquired and liabilities assumed. The following summarizes the allocation of the purchase price, and the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands): Land and land improvements $ 6,324 Buildings and building improvements 13,533 Intangibles (1) 2,691 Working capital, net 87 Other liabilities (175 ) Mortgage note payable assumed (2) (12,331 ) Net assets acquired $ 10,129 FOOTNOTES: (1) At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 5.1 years and was comprised of approximately $1.9 million and $0.8 million of in-place lease intangibles and other lease intangibles, respectively. (2) At the acquisition date, the fair value of the mortgage note payable assumed reflects an approximate $0.6 million discount on the below-market mortgage note payable assumed. 3. Acquisitions ( continued ) The fair value of the Company’s equity interest in the Montecito Joint Venture immediately before the acquisition date was approximately $5.7 million. The Company recorded a gain of approximately $2.8 million based on the acquisition date fair value of its equity interest in the Montecito Joint Venture. The following summarizes the gain that resulted from the change of control in the equity method investment for the year ended December 31, 2014 (in thousands): Fair value of net assets acquired $ 10,129 Less: Previous investment in Montecito Joint Venture (5,747 ) Less: Cash paid to acquire co-venture partner's interest (1,584 ) Gain on purchase of controlling interest of investment in unconsolidated entity $ 2,798

Real Estate Assets, net

Real Estate Assets, net	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Real Estate Assets, net	4. Real Estate Assets, net The gross carrying amount and accumulated depreciation of the Company’s real estate assets as of December 31, 2016 and 2015 are as follows (in thousands): December 31, 2016 2015 Land and land improvements $ 238,121 $ 227,019 Building and building improvements 2,356,789 2,281,342 Furniture, fixtures and equipment 67,299 58,825 Less: accumulated depreciation (195,216 ) (115,648 ) Real estate investment properties, net 2,466,993 2,451,538 Real estate under development, including land 97,164 62,521 Total real estate assets, net $ 2,564,157 $ 2,514,059 Depreciation expense on the Company’s real estate investment properties, net was approximately $80.0 million, $63.6 million and $39.1 million for the years ended December 31, 2016, 2015 and 2014, respectively. These amounts include depreciation through the determination date on real estate held for sale (discussed below). During 2016, the Company completed the construction on the final phase of the Raider Ranch community in Lubbock, Texas, all phases of the Watercrest at Katy community in Katy, Texas, and the Fieldstone at Pear Orchard community in Yakima, Washington. During 2015, the Company completed the development of a seniors housing community in Tega Cay, South Carolina (“Wellmore of Tega Cay”), which is a suburb of Charlotte, North Carolina, and the development of a seniors housing community in Shorewood, Wisconsin (“Harborchase of Shorewood”), which is north of Milwaukee. As such, the asset values related to these completed developments are included in real estate investment properties, net in the accompanying consolidated balance sheet as of December 31, 2016. Real Estate Held For Sale In June 2016, the Company committed to a plan to sell the Dogwood Forest of Acworth property and classified the associated real estate as held for sale. In November 2016, the Company completed the sale and recognized a gain on the sale of approximately $15.4 million. The sale of the Dogwood Forest of Acworth Property did not cause a strategic shift in the Company nor was it considered individually significant; therefore, it did not qualify as discontinued operations under ASU 2014-08. 4. Real Estate Assets, net (continued) As of December 31, 2016 and 2015, real estate held for sale consisted of the following (in thousands): December 31, 2016 2015 Land and land improvements $ ― $ 2,027 Building and building improvements ― 15,994 Furniture, fixtures and equipment ― 1,776 Less: accumulated depreciation ― (1,159 ) Real estate held for sale, net $ ― $ 18,638 Real Estate Under Development As of December 31, 2016, five of the Company’s seniors housing communities and one post-acute care facility have real estate under development or expansion projects with third-party developers as follows (in thousands): Property Name (and Location) Developer Real Estate Development Costs Incurred (1) (Unaudited) Remaining Development Budget (2) Development Properties Welbrook Senior Living Grand Junction (Grand Junction, CO) Embree Asset Group, Inc. $ 12,894 $ 1,888 Waterstone on Augusta (Greenville, SC) T&D Greenville, LLC 24,155 5,046 Wellmore of Lexington (Lexington, SC) Maxwell Group, Inc. 38,972 19,984 Dogwood Forest of Grayson (Grayson, GA) Solomon Development Services, LLC 17,345 12,933 Expansion Projects Tranquillity at Fredericktowne (Frederick, MD) Capital Health Partners 1,407 4,542 Brookridge Heights Assisted Living & Memory Care (Marquette, MI) Capital Health Partners 2,391 2,638 $ 97,164 $ 47,031 FOOTNOTES: (1) This amount represents land and total capitalized costs for GAAP purposes for the acquisition, development and construction of the seniors housing community or post-acute care facility as of December 31, 2016. Amounts include investment services fees, asset management fees, interest expense and other costs capitalized during the development period. (2) This amount includes preleasing and marketing costs which will be expensed as incurred. The development budgets include the cost of the land, construction costs, development fees, financing costs, start-up costs and initial operating deficits of the respective properties. Generally, the Company has delegated to an affiliate of the developer of the respective community the management and administration of the development and construction. In most cases, the developer is generally responsible for cost overruns beyond the approved development budget for the applicable project pursuant to a cost overrun guarantee. Some of these developments were deemed to be VIEs; refer to Note 7. “Variable Interest Entities” for additional information.

Intangibles, net

Intangibles, net	12 Months Ended
	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Intangibles, net	5. Intangibles, net The gross carrying amount and accumulated amortization of the Company’s intangible assets and liabilities as of December 31, 2016 and 2015 are as follows (in thousands): December 31, 2016 2015 In-place lease intangibles $ 225,246 $ 220,917 Above-market lease intangibles 13,974 13,960 Below-market ground lease intangibles 12,470 12,470 Less: accumulated amortization (120,188 ) (74,895 ) Intangible assets, net $ 131,502 $ 172,452 Below-market lease intangibles $ (12,060 ) $ (12,095 ) Above-market ground lease intangibles (3,488 ) (3,488 ) Less: accumulated amortization 4,247 2,581 Intangible liabilities, net (1) $ (11,301 ) $ (13,002 ) FOOTNOTE: (1) Intangible liabilities, net are included in other liabilities in the accompanying consolidated balance sheets. Amortization on the Company’s intangible assets was approximately $45.3 million for the year ended December 31, 2016, of which approximately $2.0 million was treated as a reduction of rental income from operating leases, approximately $0.3 million was treated as an increase of property operating expenses and approximately $43.0 million was included in depreciation and amortization. Amortization on the Company’s intangible assets was approximately $44.6 million for the year ended December 31, 2015, of which approximately $2.0 million was treated as a reduction of rental income from operating leases, approximately $0.3 million was treated as an increase of property operating expenses and $42.3 million was included in depreciation and amortization. Amortization expense on the Company’s intangible assets was approximately $25.1 million for the year ended December 31, 2014, of which approximately $1.0 million was treated as a reduction of rental income from operating leases, approximately $0.1 million was treated as an increase of property operating expenses and approximately $24.0 million was included in depreciation and amortization. Amortization on the Company’s intangible liabilities was approximately $1.7 million for the year ended December 31, 2016, of which approximately $1.6 million was treated as an increase of rental income from operating leases and approximately $0.1 million was treated as a reduction of property operating expenses. Amortization on the Company’s intangible liabilities was approximately $1.6 million for the year ended December 31, 2015, of which approximately $1.5 million was treated as an increase of rental income from operating leases and approximately $0.08 million was treated as a reduction of property operating expenses. For the year ended December 31, 2014, amortization on the Company’s intangible liabilities was approximately $0.8 million, which was treated as an increase of rental income from operating leases and approximately eight thousand dollars was treated as a reduction of property operating expenses. During the year ended December 31, 2016, as a result of the bankruptcy reorganization of an anchor tenant at two of our medical office buildings, the Company recorded a loss on lease termination of approximately $0.8 million related to the lease intangibles as it was determined that the carrying value of certain deferred rent and other lease-related assets would not be recoverable. During the year ended December 31, 2015, as a result of a tenant default at two of the Company’s specialty hospitals, the Company recorded an impairment provision of approximately $4.7 million related to the lease intangibles as it was determined that the carrying value of these assets would more than likely not be recoverable. 5. Intangibles, net (continued) The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter, in the aggregate, as of December 31, 2016 is as follows (in thousands): In-place Lease Intangibles Above- market Leases Below- market Ground Leases Total Assets Below- market Leases Above- market Ground Leases Total Liabilities 2017 $ 29,222 1,741 320 $ 31,283 $ 1,396 89 $ 1,485 2018 17,749 1,569 320 19,638 1,254 89 1,343 2019 12,499 1,269 320 14,088 1,094 89 1,183 2020 10,481 1,059 320 11,860 866 89 955 2021 9,312 976 320 10,608 750 89 839 Thereafter 31,755 2,194 10,076 44,025 2,633 2,863 5,496 $ 111,018 8,808 11,676 $ 131,502 $ 7,993 3,308 $ 11,301 Weighted average remaining useful life as of December 31, 2016 (in years): In-place Lease Intangibles Above- market Leases Below- market Ground Leases Below- market Leases Above- market Ground Leases 4.3 5.2 36.6 4.9 37.1

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Operating Leases	6. Operating Leases As of December 31, 2016, the Company owned 86 properties that were leased to tenants on a triple-net, net or modified gross basis, and accounted for as operating leases; of which, 42 are single-tenant properties that are 100% leased under operating leases and the remaining 44 are multi-tenant properties that are leased under operating leases. The Company’s leases had a weighted average remaining lease term of 7.1 years based on annualized base rents expiring between 2017 and 2038, subject to the tenants’ options to extend the lease periods ranging from two to ten years. In addition, certain tenants hold options to extend their leases for multiple periods. Under the terms of the Company’s triple-net lease agreements, each tenant is responsible for the payment of property taxes, general liability insurance, utilities, repairs and maintenance, including structural and roof maintenance expenses. Each tenant is expected to pay real estate taxes directly to taxing authorities. However, if the tenant does not pay, the Company will be liable. The total annualized property tax assessed on these properties is approximately $4.6 million. Under the terms of the multi-tenant lease agreements that have third-party property managers, each tenant is responsible for the payment of their proportionate share of property taxes, general liability insurance, utilities, repairs and common area maintenance. These amounts are billed monthly and recorded as tenant reimbursement income in the accompanying consolidated statements of operations. The following are future minimum lease payments to be received under non-cancellable operating leases for the next five years and thereafter, as of December 31, 2016 (in thousands): 2017 $ 120,086 2018 112,757 2019 103,959 2020 96,167 2021 91,606 Thereafter 437,557 $ 962,132 The above future minimum lease payments to be received excludes tenant reimbursements, straight-line rent adjustments, amortization of above- and below-market lease intangibles and base rent attributable to any renewal options exercised by the tenants in the future.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Variable Interest Entities	7. Variable Interest Entities The aggregate carrying amount and major classifications of the consolidated assets that can be used to settle obligations of the VIEs and liabilities of the consolidated VIEs that are non-recourse to the Company as of December 31, 2016 and 2015 are as follows (in thousands): December 31, 2016 2015 Assets: Real estate investment properties, net $ 112,929 $ 103,691 Real estate under development, including land $ 80,473 $ 58,994 Intangibles, net $ 2,891 $ 4,015 Cash $ 916 $ 3,904 Deferred rent and lease incentives $ 3,061 $ 3,096 Other assets $ 1,130 $ 1,000 Restricted cash $ 20 $ 974 Liabilities: Mortgages and other notes payable, net $ 104,890 $ 85,093 Accounts payable and accrued liabilities $ 1,461 $ 743 Accrued development costs $ 15,369 $ 10,669 Other liabilities $ 976 $ 1,387 Due to related parties $ 107 $ 136 The Company’s maximum exposure to loss as a result of its involvement with these VIEs is limited to its net investment in these entities which totaled approximately $76.6 million as of December 31, 2016. The Company’s exposure is limited because of the non-recourse nature of the borrowings of the VIEs. As of December 31, 2016 and 2015, the Company had 10 and 12 subsidiaries, respectively, which are classified as VIEs due to the following factors and circumstances as of December 31, 2016: • Three of these subsidiaries are single property entities, designed to own and lease their respective properties to multiple tenants, which are subject to either a ground lease or an air rights lease that include buy-out and put options held by either the tenant or landlord under the applicable lease. • Four of these subsidiaries are entities with real estate under development or completed developments in which there is either insufficient equity at risk due to the development nature of each entity. • Two of these subsidiaries are joint ventures with recently completed real estate under development in which there is insufficient equity at risk due to the development nature of each joint venture. • One of these subsidiaries is a joint venture with equity interest that consists of non-substantive protective voting rights, but not any participating or kick-out rights. Two reconsideration events occurred during the year ended December 31, 2016 that resulted in the associated entities no longer being considered VIEs as of December 31, 2016. The Company determined it is the primary beneficiary and holds a controlling financial interest in each of the aforementioned property and development entities due to its power to direct the activities that most significantly impact the economic performance of the entities, as well as its obligation to absorb the losses and its right to receive benefits from these entities that could potentially be significant to these entities. As such, the transactions and accounts of these VIEs are included in the accompanying consolidated financial statements.

Ground and Air Rights Leases

Ground and Air Rights Leases	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Ground and Air Rights Leases	8. Ground and Air Rights Leases Under the terms of its ground and air rights lease agreements, the Company is responsible for the monthly rental payments. These amounts are billed monthly and recorded as property operating expenses in the accompanying consolidated statements of operations. In some cases, the Company is able to pass this expense through to its tenants as tenant reimbursement income. The Company incurred approximately $1.9 million, $1.7 million and $0.5 million in ground and air rights lease expense for the years ended December 31, 2016, 2015 and 2014, respectively, excluding straight-line rent adjustments and amortization of above- or below-market lease intangibles. The following is a schedule of future minimum lease payments to be paid under the ground and air rights leases for each of the next five years and thereafter, in the aggregate, as of December 31, 2016 (in thousands): 2017 $ 1,984 2018 2,016 2019 2,039 2020 2,061 2021 2,092 Thereafter 111,467 $ 121,659

Contingent Purchase Price Consi

Contingent Purchase Price Consideration	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Contingent Purchase Price Consideration	9. Contingent Purchase Price Consideration The following table provides a roll-forward of the fair value of the Company’s aggregate contingent purchase price consideration for the years ended December 31, 2016, 2015 and 2014: Year Ended December 31, 2016 Property Beginning asset (liability) as of December 31, 2015 Contingent Consideration Payment (Receipt) Change in Fair Value Contingent Consideration in Connection with Acquisition Ending asset (liability) as of December 31, 2016 Superior Residences of Panama City (1) $ (3,000) ― (1,000) ― (4,000) The Shores of Lake Phalen (2) (750) ― 750 ― ― Siena Pavilion VI (3) (3,750) 2,992 113 ― (645) Center One (4) 1,019 (367) 427 ― 1,079 $ (6,481) 2,625 290 ― (3,566) Year Ended December 31, 2015 Property Beginning asset (liability) as of December 31, 2014 Contingent Consideration Payment (Receipt) Change in Fair Value Contingent Consideration in Connection with Acquisition Ending asset (liability) as of December 31, 2015 Capital Health (5) $ 4,078 (4,399) 321 ― ― Medical Portfolio I (6) (268) ― 268 ― ― Superior Residences of Panama City (1) ― ― ― (3,000) (3,000) The Shores of Lake Phalen (2) ― ― ― (750) (750) Siena Pavilion VI (3) ― ― ― (3,750) (3,750) Center One (4) ― ― ― 1,019 1,019 $ 3,810 (4,399) 589 (6,481) (6,481) 9. Contingent Purchase Price Consideration (continued) Year Ended December 31, 2014 Property Beginning asset (liability) as of December 31, 2013 Contingent Consideration Payment (Receipt) Change in Fair Value Contingent Consideration in Connection with Acquisition Ending asset (liability) as of December 31, 2014 Capital Health (5) $ 4,488 (2,601) 2,191 ― 4,078 Medical Portfolio I (6) (507) ― 239 ― (268) South Bay II Communities (7) ― 14,195 (1,800) (12,395) ― $ 3,981 11,594 630 (12,395) 3,810 FOOTNOTES: (1) In connection with the purchase of Superior Residences of Panama City, the Company entered into an earn-out agreement with the seller whereby up to $4 million in additional consideration is owed in the event that certain performance targets are met (“Panama City Earn-Out”) during the immediate 36 months post-closing. (2) In connection with the purchase of Shores of Lake Phalen, the Company entered into an earn-out agreement with the seller whereby up to $0.8 million in additional consideration was owed in the event that certain net operating income targets are met (“Shores of Lake Phalen Earn-Out”) during the immediate 12 months post-closing. (3) In conjunction with the acquisition of Siena Pavilion VI, the Company entered into an earn-out agreement with the seller whereby up to $3.3 million in additional consideration and $0.5 million of additional tenant improvements are owed in the event that the seller is able to lease-up additional space at the property during the immediate 6 months post-closing (“Siena Pavilion VI Earn-Out”). (4) In connection with the purchase of Center One, the Company required that approximately $2.8 million of the purchase price be placed in an escrow account as the seller provided a rent guarantee to the Company in connection with two seller leased spaces at the property for a term equal to the earlier of five years or at such time as a suitable replacement tenant can be found (“Center One Rent Guarantee”). (5) In connection with the acquisition of the Capital Health Communities in 2012, the Company required that approximately $7.0 million of the purchase price be placed in an escrow account as the seller guaranteed the Company an annual return of at least $6.9 million, $7.0 million, and $7.1 million of net operating income on the acquired properties during 2013, 2014 and 2015, respectively (“Capital Health Yield Guaranty”). As of December 31, 2015 the Company had received the maximum amount of $7.0 million available under the Capital Health Yield Guaranty. (6) During 2013, in conjunction with the acquisition of Medical Portfolio I, the Company entered into an earn-out agreement with the seller related to Cleveland Clinic, the tenant at Chestnut Commons, whereby the tenant maintains an exercisable right to expand the leased space by an additional 10,000 square feet within 24 months of the property acquisition closing (“Chestnut Commons Earn-Out”). The Chestnut Commons Earn-Out fee was equal to (a) the base rent due for the first full year of the lease applicable to the expansion space divided by 8% minus (b) the costs incurred by the Company in connection with the exercise by Cleveland Clinic of its option for the expansion space, including tenant improvement costs, multiplied by 50%. The Chestnut Commons Earn-Out expired in August 2015. (7) In conjunction with the acquisition of the South Bay II Communities, the Company entered into an agreement with the sellers whereby the purchase price is adjusted in the event that certain net operating income targets are met. The additional consideration was determined within three months of the acquisition date and is equal to (a) the baseline net operating income divided by the baseline capitalization rates (as defined in the purchase and sale agreement) less (b) the purchase price paid at closing. Fair Value Measurements The fair value of the contingent purchase price consideration was based on a then-current income approach that is primarily determined based on the present value and probability of future cash flows using internal underwriting models. The income approach further includes estimates of risk-adjusted rate of return and capitalization rates for each property.

Indebtedness

Indebtedness	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Indebtedness	10. Indebtedness The following table provides details of the Company’s indebtedness as of December 31, 2016 and 2015 (in thousands): December 31, 2016 2015 Mortgages payable and other notes payable: Fixed rate debt $ 382,129 $ 391,639 Variable rate debt (1) 561,874 449,017 Mortgages and other notes payable (2) 944,003 840,656 Premium (discount), net (3) (67 ) (221 ) Loan costs, net (7,213 ) (8,610 ) Total mortgages and other notes payable, net 936,723 831,825 Credit facilities: Revolving Credit Facility (4) (5) 194,863 225,000 First Term Loan Facility (1) 175,000 175,000 Second Term Loan Facility (5) 275,000 260,000 Loan costs, net related to Term Loan Facilities (2,874 ) (3,716 ) Total credit facilities, net 641,989 656,284 Total borrowings $ 1,578,712 $ 1,488,109 FOOTNOTES: (1) As of December 31, 2016 and 2015, the Company had entered into interest rate swaps with notional amounts of approximately $521.5 million and $480.7 million, respectively, which were settling on a monthly basis. In addition, as of December 31, 2015, the Company had entered into forward-starting interest rate swaps for total notional amounts of approximately $48.4 million in order to hedge its exposure to variable rate debt beginning in June 2016. Refer to Note 12. “Derivative Financial Instruments” for additional information. (2) As of December 31, 2016 and 2015, the Company’s mortgages and other notes payable are collateralized by 75 and 65 properties, respectively, with total carrying value of approximately $1.6 billion and $1.4 billion, respectively. (3) Premium (discount), net is reflective of the Company recording mortgage note payables assumed at fair value on the respective acquisition dates. (4) As of December 31, 2016 and 2015, the Company had undrawn availability under the Revolving Credit Facility of approximately $11.1 million and $20.0 million, respectively, based on the value of the properties in the unencumbered pool of assets supporting the loan. (5) As of December 31, 2016 and 2015, the Company had entered into interest rate caps with notional amounts of approximately $410.0 million and $260.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information. The following is a schedule of future principal payments and maturity for the Company’s total borrowings as of December 31, 2016 (in thousands): 2017 $ 263,756 2018 288,938 2019 478,632 2020 400,696 2021 39,489 Thereafter 117,288 $ 1,588,799 The following table provides the details of the fair market value and carrying value of the Company’s indebtedness as of December 31, 2016 and 2015 (in millions): December 31, 2016 December 31, 2015 Fair Value Carrying Value Fair Value Carrying Value Mortgages and other notes payable, net $ 943.4 $ 936.7 $ 844.6 $ 831.8 Credit facilities $ 644.9 $ 642.0 $ 660.0 $ 656.3 10. Indebtedness (continued) These fair market values are based on current rates and spreads the Company would expect to obtain for similar borrowings. Since this methodology includes inputs that are less observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair values related to the Company’s mortgage notes payable is categorized as Level 3 on the three-level valuation hierarchy. The estimated fair value of accounts payable and accrued liabilities approximates the carrying value as of December 31, 2016 and 2015 because of the relatively short maturities of the obligations. In December 2014, the Company amended and restated the terms of the credit agreement with KeyBank, as administrative agent, by entering into a $230 million Revolving Credit Facility and a $175 million Term Loan Facility. Pursuant to the amended credit agreement, the Company has the ability to increase the collective borrowing capacity of the Credit Facilities to $700 million under an accordion feature. As of December 31, 2016, the Company has exercised this accordion feature and increased its borrowing capacity to $445 million. In addition, the Revolving Credit Facility has an initial term of 36 months plus two 12-month extension options (i.e. initial term through December 2017 with the ability to extend through December 2019 at the Company’s option); whereas, the Term Loan Facility has an initial term of 50 months plus one 12-month extension option (i.e. initial term through February 2019 with the ability to extend through February 2020 at the Company’s option). The Credit Facilities bear interest based on 30-day LIBOR and a spread that varies with the Company’s leverage ratio. In addition, the Company is required to make interest only payments until the respective maturity dates of the Credit Facilities as well as to pay fees ranging from 0.15% to 0.25% for unused commitments on the Revolving Credit Facility. In November 2015, the Company entered into a $250 million Second Term Loan Facility, which has an initial term of 60 months (i.e. initial term through November 2020) and bears interest based on the 30-day LIBOR and a spread that varies with the Company’s leverage ratio. In addition, the Company is required to make interest only payments until the maturity date. The Second Term Loan Facility further provides the Company with the ability to increase its borrowing capacity to $350 million under an accordion feature. As of December 31, 2016, the Company had exercised this accordion feature and increased its borrowing capacity to $275 million. All of the Company’s mortgage and construction loans contain customary financial covenants and ratios; including (but not limited to) the following: debt service coverage ratio, minimum occupancy levels, limitations on incurrence of additional indebtedness, etc. The Credit Facilities contain affirmative, negative, and financial covenants which are customary for loans of this type, including (but not limited to): (i) maximum leverage, (ii) minimum fixed charge coverage ratio, (iii) minimum consolidated net worth, (iv) restrictions on payments of cash distributions except if required by REIT requirements, (v) maximum secured indebtedness, (vi) maximum secured recourse debt, (vii) minimum unsecured interest coverage and (viii) limitations on certain types of investments and with respect to the pool of properties supporting borrowings under the Credit Facilities, minimum debt service coverage ratio, minimum weighted average occupancy, and remaining lease terms, as well as property type, MSA, operator, and asset value concentration limits. The limitations on distributions include a limitation on the extent of allowable distributions, which are not to exceed the greater of 95% of adjusted FFO (as defined per the Credit Facilities) and the minimum amount of distributions required to maintain the Company’s REIT status. As of December 31, 2016, the Company was in compliance with all financial covenants and ratios. 10. Indebtedness (continued) The following table provides additional details of the Company’s mortgages and other notes payable as of December 31, 2016 and 2015 (in thousands): Property and Loan Type Interest Rate at Payment Terms Maturity Date (2) December 31, December 31, 2016 (1) 2016 2015 Pacific Northwest Communities; Mortgage Loan (3) 4.30% per annum Monthly principal and interest payments based on a 25-year amortization schedule 12/5/18 $ 205,197 $ 210,665 Capital Health Communities; Mortgage Loan 4.25% per annum Monthly principal and interest payments based on a 25-year amortization schedule 1/5/20 36,395 37,889 Primrose II Communities; Mortgage Loan 3.81% per annum Monthly principal and interest payments based on a 30-year amortization schedule 6/1/20 22,017 22,473 Novi Orthopaedic Center; Mortgage Loan 3.61% per annum Monthly interest only payments through June 2018; principal and interest payments thereafter based on a 25-year amortization schedule 6/15/20 19,825 19,825 ProMed Medical Building I; Mortgage Loan 3.64% per annum (4) Monthly principal and interest payments based upon a 25-year amortization schedule 1/15/22 6,865 7,050 Primrose I Communities; Mortgage Loan (5) 4.11% per annum Monthly principal and interest payments based on a 30-year amortization schedule 9/1/22 51,000 52,048 Watercrest at Mansfield; Mortgage Loan (6) 4.68% per annum Monthly principal and interest payments based on a total payment of $143,330 6/1/23 26,165 26,628 540 New Waverly Place; Mortgage Loan (7) 4.08% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 5/31/28 6,868 7,048 LaPorte Cancer Center; Mortgage Loan 4.25% per annum (through 2020) Monthly principal and interest payments based on a 25-year amortization schedule 6/14/28 7,797 8,013 Total fixed rate debt 382,129 391,639 Lee Hughes Medical Building; Mortgage Loan 30-day LIBOR plus 1.85% per annum Monthly principal and interest payments based on a 30-year amortization schedule 9/5/17 18,102 18,632 10. Indebtedness (continued) Property and Loan Type Interest Rate at Payment Terms Maturity Date (2) December 31, December 31, 2016 (1) 2016 2015 Raider Ranch Development; Construction Loan (8) (8) (8) $ ― $ 7,528 Northwest Medical Park; Mortgage Loan (9) 30-day LIBOR plus 2.30% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 10/31/17 6,886 7,008 Watercrest at Katy; Construction Loan 30-day LIBOR plus 2.75% per annum Monthly interest only payments through December 2017 12/27/17 24,047 10,632 Claremont Medical Office; Mortgage Loan (10) 30-day LIBOR plus 2.60% per annum Monthly principal and interest payments based on a 30-year amortization schedule 1/16/18 12,478 12,683 Knoxville Medical Office Properties; Mortgage Loan (11) 30-day LIBOR plus 2.50% per annum Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule 7/10/18 37,491 38,087 Calvert Medical Office Properties; Mortgage Loan (12) 30-day LIBOR plus 2.50% per annum Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule 8/29/18 25,546 25,950 Wellmore of Tega Cay; Construction Loan (13) (13) (13) ― 23,695 MHOSH MOB; Mortgage Loan (14) 90-day LIBOR plus 2.85% at 0.4% LIBOR floor Monthly principal and interest payments based on a 25-year amortization schedule 6/2/19 47,983 48,832 Medical Portfolio II Properties; Mortgage Loan (15) 90-day LIBOR plus 2.35% at 0.25% LIBOR floor Monthly principal and interest payments based on a 25-year amortization schedule 7/14/19 81,365 83,295 HarborChase of Shorewood; Construction Loan 30-day LIBOR plus 3.0% Monthly interest only payments through June 2017; principal and interest payments thereafter based on a 25-year amortization schedule 7/15/19 14,755 12,469 Wellmore of Lexington; Construction Loan 30-day LIBOR plus 2.5% per annum Monthly interest only payments through September 2019 9/13/19 13,542 ― 10. Indebtedness (continued) Property and Loan Type Interest Rate at Payment Terms Maturity Date (2) December 31, December 31, 2016 (1) 2016 2015 Southeast Medical Office Properties; Mortgage Loan (16) 30-day LIBOR plus 2.0% per annum Monthly principal and interest payments based on a 25-year amortization schedule 12/22/19 $ 155,090 $ 160,206 Palmilla Senior Living; Mortgage Loan 30-day LIBOR plus 2.0% per annum Interest only payments through April 2017; principal payments thereafter based on a 30-year amortization schedule 3/22/20 27,000 ― Waterstone on Augusta; Construction Loan 30-day LIBOR plus 3.0% per annum Monthly interest only payments through September 2018; principal payments thereafter based on a 30-year amortization schedule 9/1/20 12,698 ― Fieldstone at Pear Orchard; Construction Loan 30-day LIBOR plus 2.9% per annum Monthly interest only payments through September 2018; principal payments thereafter based on a 25-year amortization schedule 10/15/20 8,861 ― Dogwood Forest of Grayson; Construction Loan 30-day LIBOR plus 3.0% per annum Monthly interest only payments through December 2018; principal payments thereafter based on a 30-year amortization schedule 12/1/20 3,351 ― Triangle Orthopaedic; Mortgage Loan 30-day LIBOR plus 2.25% per annum Interest only payments through March 2017; principal payments thereafter based on a 30-year amortization schedule 4/11/21 37,800 ― Cobalt Rehabilitation Hospital Surprise; Mortgage Loan 30-day LIBOR plus 2.6% per annum at 0.4% LIBOR floor Monthly interest only payments through May 2017; principal payments thereafter based on a 25-year amortization schedule 5/19/22 15,379 ― Cobalt Rehabilitation Hospital New Orleans; Mortgage Loan 30-day LIBOR plus 2.45% per annum at 0.55% LIBOR floor Monthly interest only payments through October 2017; principal payments thereafter based on a 25-year amortization schedule 10/19/22 19,500 ― Total variable rate debt 561,874 449,017 Total debt $ 944,003 $ 840,656 FOOTNOTES: (1) The 30-day and 90-day LIBOR were approximately 0.77% and 1.00%, respectively, as of December 31, 2016 and approximately 0.43% and 0.61%, respectively, as of December 31, 2015. (2) Represents the initial maturity date (or, as applicable, the maturity date as extended). Certain of the Company’s mortgages and other notes payable agreements include extension options held by the Company under which the maturity dates may be extended beyond the date presented, subject to certain lender conditions and/or related fees. (3) The Pacific Northwest Loan may be prepaid, in whole or in part, with a prepayment premium equal to the greater of: (i) one percent (1%) of the principal amount being prepaid, multiplied by the quotient of the number of full months remaining until the maturity date of the loan (calculated as of the prepayment date) divided by the number of full months comprising the term of the loan; or (b) a “make-whole” payment equal to the present value of the loan less the amount of principal and accrued interest being prepaid calculated as of the prepayment date for the period between that date and the maturity date. (4) Beginning January 2020, the interest rate transitions to variable rate based on 30-day LIBOR plus 2.20% per annum. 10. Indebtedness (continued) (5) If prepaid prior to March 1, 2022, the Primrose I Communities Mortgage Loan is subject to a prepayment penalty in an amount equal to the greater of (i) 1% of the principal being repaid, or (ii) an amount calculated on the principal being repaid, multiplied by the difference between the Primrose I Communities Mortgage Loan interest rate, and a calculated yield rate tied to the rates on applicable U.S. Treasuries. If prepayment is made between March 1, 2022, and May 31, 2022, the prepayment penalty will be 1% of the outstanding principal balance of the Primrose I Communities Mortgage Loan. No prepayment fee is required if the Primrose I Communities Mortgage Loan is prepaid between June 1, 2022 and maturity. Partial prepayment of a loan is not permitted. The loan is transferable upon sale of the assets subject to lender approval. (6) The balance for this loan excludes a remaining premium of $0.3 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date. (7) The balance for this loan excludes a remaining premium of $0.1 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date. (8) In August 2016, the Company repaid its $9.7 million outstanding construction loan on the Raider Ranch property prior to its scheduled maturity. In connection therewith, the Company wrote-off approximately $0.1 million of unamortized loan costs as a loss on extinguishment of debt, which is included interest expense and loan amortization in the accompanying consolidated statements of operations for the year ended December 31, 2016. (9) The Company entered into an interest rate swap with a remaining notional amount of $6.9 million; see Note 12. “Derivative Financial Instruments” for additional information (10) The balance for this loan excludes a remaining discount of $0.2 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date. In addition, the Company entered into a three-year forward interest rate swap with a remaining notional amount of $12.1 million; see Note 12. “Derivative Financial Instruments” for additional information. (11) The Company entered into an interest rate swap with a remaining notional amount of $37.4 million; see Note 12. “Derivative Financial Instruments” for additional information. (12) The Company entered into an interest rate swap with a remaining notional amount of $25.5 million; see Note 12. “Derivative Financial Instruments” for additional information. (13) In August 2016, the Company repaid its $24.7 million outstanding construction loan on the Wellmore of Tega Cay property prior to its scheduled maturity. In connection therewith, the Company wrote-off approximately $0.3 million of unamortized loan costs and paid an exit fee of approximately $1.1 million as a loss on extinguishment of debt. Both the unamortized loan costs and the exit fee are included in interest expense and loan cost amortization in the accompanying consolidated statements of operations for the year ended December 31, 2016. (14) The Company entered into a three-year forward interest rate swap with a remaining notional amount of $48.0 million; see Note 12. “Derivative Financial Instruments” for additional information. (15) The Company entered into an interest rate swap with a remaining notional amount of $82.4 million; see Note 12. “Derivative Financial Instruments” for additional information. (16) The Company entered into an interest rate swap with a remaining notional amount of $134.3 million; see Note 12. “Derivative Financial Instruments” for additional information.

Related Party Arrangements

Related Party Arrangements	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Arrangements	11. Related Party Arrangements The Company is externally advised and has no direct employees. Certain of the Company’s executive officers are executive officers of, or are on the board of managers of the Advisor. In addition, certain directors and officers hold similar positions with CNL Securities Corp. (“Managing Dealer”), the Managing Dealer of the Offerings and a wholly owned subsidiary of CNL. In connection with services provided to the Company, affiliates are entitled to the following fees: Managing Dealer — The Managing Dealer received selling commissions and marketing support fees of up to 7% and 3%, respectively, of gross offering proceeds for shares sold, excluding shares sold pursuant to the Company’s Reinvestment Plan, all or a portion of which may be paid to participating broker dealers by the Managing Dealer. 11. Related Party Arrangements (continued) Advisor — The Advisor and certain affiliates are entitled to receive fees and compensation in connection with the acquisition, management and sale of the Company’s assets, as well as the refinancing of debt obligations of the Company or its subsidiaries. In addition, the Advisor and its affiliates are entitled to reimbursement of actual costs incurred on behalf of the Company in connection with the Company’s organizational, offering, acquisition and operating activities. Pursuant to the advisory agreement, as amended in 2013, the Advisor receives investment services fees equal to 1.85% of the purchase price of properties (including its proportionate share of properties acquired through joint ventures) for services rendered in connection with the selection, evaluation, structure and purchase of assets. In addition, the Advisor is entitled to receive a monthly asset management fee of 0.08334% of the average real estate asset value (as defined in the advisory agreement) of the Company’s properties, including its proportionate share of properties owned through joint ventures. The Advisor will also receive a financing coordination fee for services rendered with respect to refinancing of any debt obligations of the Company or its subsidiaries equal to 1.0% of the gross amount of the refinancing. The Company will pay the Advisor a disposition fee in an amount equal to (i) in the case of the sale of real property, the lesser of (A) one-half of a competitive real estate commission, or (B) 1% of the sales price of such property, and (ii) in the case of the sale of any asset other than real property or securities, 1% of the sales price of such asset, if the Advisor, its affiliates or related parties provide a substantial amount of services, as determined by the Company’s independent directors, in connection with the sale of one or more assets (including a sale of all of its assets or the sale of it or a portion thereof). The Company will not pay its Advisor a disposition fee in connection with the sale of investments that are securities; however, a disposition fee in the form of a usual and customary brokerage fee may be paid to an affiliate or related party of the Advisor, if such affiliate is properly licensed. Under the advisory agreement and the Company’s articles of incorporation, the Advisor will be entitled to receive certain subordinated incentive fees upon (a) sales of assets and/or (b) a listing (which would also include the receipt by the Company’s stockholders of securities that are approved for trading on a national securities exchange in exchange for shares of the Company’s common stock as a result of a merger, share acquisition or similar transaction). However, once a listing occurs, the Advisor will not be entitled to receive an incentive fee on subsequent sales of assets. The incentive fees are calculated pursuant to formulas set forth in both the advisory agreement and the Company’s articles of incorporation. All incentive fees payable to the Advisor are subordinated to the return to investors of their invested capital plus a 6% cumulative, noncompounded annual return on their invested capital. Upon termination or non-renewal of the advisory agreement by the Advisor for good reason (as defined in the advisory agreement) or by the Company other than for cause (as defined in the advisory agreement), a listing or sale of assets after such termination or non-renewal will entitle the Advisor to receive a pro-rated portion of the applicable subordinated incentive fee. In addition, the Advisor or its affiliates may be entitled to receive fees that are usual and customary for comparable services in connection with the financing, development, construction or renovation of a property, subject to approval of the Company’s board of directors, including a majority of its independent directors. Property Manager — Pursuant to a property management agreement, as amended in 2012, the Property Manager receives property management fees of (a) 2% of annual gross rental revenues from single tenant properties, and (b) 4% of annual gross rental revenues from multi-tenant properties. In the event that the Company contracts directly with a third-party property manager, the Company may pay the Property Manager an oversight fee of up to 1% of annual gross revenues of the property managed; however, in no event will the Company pay both a property management fee and an oversight fee with respect to the same property. The Company will pay to the Property Manager a construction management fee equal to 5% of hard and soft costs associated with the initial construction or renovation of a property, or with the management and oversight of expansion projects and other capital improvements, in those cases in which the value of the construction, renovation, expansion or improvements exceeds (i) 10% of the initial purchase price of the property, and (ii) $1.0 million, which fee will be due and payable upon completion of such projects. Expense Support Agreements — In March 2013, the Company entered into the advisor expense support and restricted stock agreement (“Advisor Expense Support Agreement”), whereby the Advisor agreed to provide expense support to the Company through forgoing the payment of fees in cash and acceptance of Restricted Stock for services rendered and specified expenses incurred in an amount equal to the positive excess, if any, of (a) aggregate stockholder cash distributions declared for the applicable quarter, over (b) the Company’s aggregate modified funds from operations (as defined in the Advisor Expense Support Agreement) . The Advisor expense support amount was determined, on a non-cumulative basis, on each Original Determination Date. 11. Related Party Arrangements (continued) In August 2013, the Company entered into the property manager expense support and restricted stock agreement (“Property Manager Expense Support Agreement”), whereby the Property Manager agreed to provide expense support to the Company through forgoing the payment of fees in cash and accepting Restricted Stock for services in an amount equal to the positive excess, if any, of (a) aggregate stockholder cash distributions declared for the applicable quarter, over (b) the Company’s aggregate modified funds from operations (as defined in the Property Manager Expense Support Agreement) In exchange for services rendered and in consideration of the expense support provided, the Company issued, within 45 days following each Original Determination Date, a number of shares of restricted stock equal to the quotient of the expense support amounts provided by the Advisor and Property Manager for the preceding quarter divided by either: (1) the then-current public offering price per share of common stock during the Offerings or (2) the Company’s then-current net asset value (“NAV”) per share of common stock subsequent to the Offerings, on the terms and conditions and subject to the restrictions set forth in the Advisor Expense Support Agreement and the Property Manager Expense Support Agreement (“Original Expense Support Agreements”). Any amounts settled, and for which restricted stock shares were issued, pursuant to the Original Expense Support Agreements have been permanently settled and the Company has no further obligation to pay such amounts to the Advisor or the Property Manager. The Restricted Stock is subordinated and forfeited to the extent that stockholders do not receive their invested capital plus a 6% cumulative, noncompounded annual return upon the ultimate liquidity of the Company. Since the vesting criteria is outside the control of the Advisor and Property Manager and involves both market conditions and counterparty performance conditions, the Restricted Stock shares are treated as unissued for financial reporting purposes until the vesting criteria are met. In March 2016, the Company’s board of directors approved the Amended Expense Support Agreements with both the Advisor and Property Manager that were effective January 1, 2016 and changed the calculation and determination date of the respective affiliate’s expense support amounts from each calendar quarter, on a non-cumulative basis, to each calendar year on a cumulative year-to-date basis. Under the terms of the Amended Expense Support Agreements, for each quarter within a calendar expense support year, the Company will record a proportional estimate of the cumulative year-to-date period based on an estimate of expense support amounts for the calendar expense support year. Moreover, in exchange for services rendered and in consideration of the expense support provided under the Amended Expense Support Agreements, the Company will issue, within 90 days following the Amended Determination Date, a number of shares of Restricted Stock equal to the quotient of the expense support amounts provided by the Advisor and Property Manager for the preceding calendar year divided by the Company’s then-current NAV per share of common stock. The terms of the Amended Expense Support Agreements automatically renew for consecutive one year periods, subject to the right of the Advisor or Property Manager to terminate their respective agreements upon 30 days’ written notice to the Company. In February 2017, the Company’s board of directors approved the fourth amendment to the expense support agreements; refer to Note 18. “Subsequent Events” for additional information. CNL Capital Markets Corp — CNL Capital Markets Corp., an affiliate of CNL, receives a sliding flat annual rate (payable monthly) based on the average number of investor accounts that will be open over the term of the agreement. For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $0.9 million, $0.6 million and $0.4 million in such fees, respectively. These amounts are included in general and administrative expenses in the accompanying consolidated statements of operations. Co-venture partners — The Company paid certain amounts on behalf of its co-venture partner, Windsor Manor, of approximately $2,000 during the year ended December 31, 2015. The Company recorded a receivable balance as of December 31, 2015, which is included in other assets in the accompanying consolidated balance sheet. There were no such amounts recorded as of December 31, 2016. The Company incurs operating expenses which, in general, relate to administration of the Company on an ongoing basis. Pursuant to the advisory agreement, the Advisor shall reimburse the Company the amount by which the total operating expenses paid or incurred by the Company exceed, in any four consecutive fiscal quarters commencing with the Expense Year ending June 30, 2013, the greater of 2% of average invested assets or 25% of net income (as defined in the advisory agreement) (“Limitation”), unless a majority of the Company’s independent directors determines that such excess expenses are justified based on unusual and non-recurring factors (“Expense Cap Test”). In performing the Expense Cap Test, the Company uses operating expenses on a GAAP basis after making adjustments for the benefit of expense support under the Expense Support Agreements. For the Expense Year ended December 31, 2016, the Company did not incur operating expenses in excess of the Limitation. 11. Related Party Arrangements (continued) The Company maintained accounts totaling approximately $0.1 million as of December 31, 2015, at a bank in which the Company’s chairman served as a director through December 2015. In March 2015, the Company acquired Fieldstone Memory Care for a purchase price of $12.4 million from a related party of the Company’s Sponsor. In June 2013, the Company originated an ADC Loan in the amount of $6.2 million to C4 Development, LLC, a related party by virtue of a family relationship between a principal of the borrower and the Company’s vice chairman who recused himself from review and approval of the investment. As of December 31, 2014, the Company’s ADC Loan had been fully repaid. The Company recorded interest income for the year ended December 31, 2014 which is included in interest income on note receivable from related party in the accompanying consolidated statements of operations. The fees incurred by and reimbursable to the Managing Dealer in connection with the Company’s Offerings for the years ended December 31, 2016, 2015 and 2014, and related amounts unpaid as of December 31, 2016 and 2015 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2016 2015 2014 2016 2015 Selling commissions (2) $ — $ 12,507 $ 18,387 $ — $ — Marketing support fees (2) — 16,242 16,429 — — $ — $ 28,749 $ 34,816 $ — $ — The expenses and fees incurred by and reimbursable to the Company’s related parties for the years ended December 31, 2016, 2015 and 2014, and related amounts unpaid as of December 31, 2016 and 2015 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2016 2015 2014 2016 2015 Reimbursable expenses: Offering costs (2) $ — $ 3,446 $ 5,151 $ — $ 32 Operating expenses (3) 5,966 5,214 3,863 1,072 935 Acquisition fees and expenses 104 613 614 3 12 6,070 9,273 9,628 1,075 979 Investment services fees (4) 739 18,561 18,553 17 182 Disposition fee (5) 343 — — — — Financing coordination fees (6) — — 220 — — Property management fees (7) 5,059 3,894 2,982 417 418 Asset management fees (8) 29,121 22,837 13,612 1,956 224 $ 41,332 $ 54,565 $ 44,995 $ 3,465 $ 1,803 FOOTNOTES: (1) Amounts are recorded as due to related parties in the accompanying consolidated balance sheets. (2) Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders’ equity and redeemable noncontrolling interest. Amounts include approximately $25,000 and $30,000 of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the year ended December 31, 2015 and 2014, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges. (3) Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations. Amounts include approximately $0.1 million, $0.1 million and $0.2 million of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2016, 2015 and 2014, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges. 11. Related Party Arrangements (continued) (4) For the year ended December 31, 2016, the Company incurred approximately $0.7 million in investment services fees of which approximately $0.2 million, was capitalized and included in real estate under development in the accompanying consolidated balance sheets. For the year ended December 31, 2015, the Company incurred approximately $18.6 million in investment service fees of which approximately $2.3 million was capitalized and included in real estate under development. For the year ended December 31, 2014, the Company incurred approximately $18.6 million in investment service fees of which approximately $1.8 million was capitalized and included in real estate under development. Investment service fees, that are not capitalized, are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations. (5) Amounts are recorded as a reduction to gain on sale of real estate in the accompanying consolidated statements of operations. (6) For the year ended December 31, 2014, the Company incurred approximately $0.2 million in financing coordination fees, which was capitalized and included in its investment in the Windsor Manor Joint Venture. There were no financing coordination fees for the years ended December 31, 2016 and 2015. (7) For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $5.1 million, $3.9 million and $2.9 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $0.9 million, $0.7 million and $0.9 million, respectively, in construction management fees were capitalized and included in real estate under development in the accompanying consolidated balance sheets. (8) For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $29.1 million, $22.9 million and $13.6 million, respectively, in asset management fees payable to the Advisor of which approximately $2.9 million, $4.4 million and $4.9 million, respectively, were settled in accordance with the terms of the Advisor Expense Support Agreement and approximately $0.8 million, $0.6 million and $0.3 million, respectively, were capitalized and included in real estate under development in the accompanying consolidated balance sheets. The following fees are expected to be or were settled and paid in the form of Restricted Stock in connection with the Amended Expense Support Agreements for the year ended December 31, 2016 and the Original Expense Support Agreements for the years ended December 31, 2015 and 2014, and cumulatively as of December 31, 2016 (in thousands, except offering price): Years Ended As of December 31, December 31, 2016 2015 2014 2016 Asset management fees (1) $ 2,918 $ 4,379 $ 4,867 $ 13,565 Then-current offering price or NAV (2) $ 10.04 $ 10.19 $ 10.24 $ 9.75 Restricted stock shares (3) 291 423 478 1,332 Cash distributions on Restricted Stock (4) $ 427 $ 281 $ 98 $ 810 Stock distributions on Restricted Stock (5) — 14 7 21 FOOTNOTES: (1) No other amounts have been settled in connection with the Expense Support Agreements for the years ended December 31, 2016, 2015 and 2014, and cumulatively as of December 31, 2016. (2) The number of restricted stock shares granted to the Advisor in lieu of payment in cash is determined by dividing the expense support amount for the respective determination date by the then-current public offering price as of the Original Determination Date or by the then-current NAV per share as of the Amended Determination Date. (3) Restricted stock shares are comprised of approximately 1.0 million issued to the Advisor and approximately 0.3 million issuable to the Advisor as of December 31, 2016. No fair value was assigned to the restricted stock shares as the shares were valued at zero, which represents the lowest possible value estimated at vesting. In addition, the restricted stock shares were treated as unissued for financial reporting purposes because the vesting criteria had not been met as of December 31, 2016 . (4) The cash distributions have been recognized as compensation expense as issued and included in general and administrative expense in the accompanying consolidated statements of operations. (5) This represents the number of shares issued to the Advisor as stock distributions on its restricted stock shares. The par value of the stock distributions has been recognized as compensation expense as issued and included in general and administrative expense in the accompanying consolidated statements of operations.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	12. Derivative Financial Instruments The following summarizes the terms of the Company’s, or its equity method investments’, derivative financial instruments and the corresponding asset (liability) as of December 31, 2016 and 2015 (in thousands): Fair value asset (liability) as of Notional Amount Strike (1) Credit Spread (1) Trade date Forward date Maturity date December 31, 2016 December 31, 2015 $ 12,050 (2) 1.3 % 2.6 % 1/17/2013 1/15/2015 1/16/2018 $ (44 ) $ (85 ) $ 37,446 (2) 2.7 % 2.5 % 9/6/2013 8/17/2015 7/10/2018 $ (878 ) $ (1,472 ) $ 25,516 (2) 2.8 % 2.5 % 9/6/2013 8/17/2015 8/29/2018 $ (667 ) $ (1,086 ) $ 10,422 (3) 3.0 % ― % 6/27/2014 6/30/2014 6/30/2017 $ — $ 1 $ 47,983 (2) 2.4 % 2.9 % 8/15/2014 6/1/2016 6/2/2019 $ (949 ) $ (1,066 ) $ 82,370 (2) 2.3 % 2.4 % 9/12/2014 8/1/2015 7/15/2019 $ (1,512 ) $ (2,283 ) $ 6,876 (2) 1.2 % 2.3 % 11/12/2014 11/15/2014 10/15/2017 $ (17 ) $ (37 ) $ 175,000 (2) 1.6 % 2.0 % 12/23/2014 12/19/2014 2/19/2019 $ (992 ) $ (1,694 ) $ 134,258 (2) 1.7 % 2.0 % 1/9/2015 12/10/2015 12/22/2019 $ (976 ) $ (1,795 ) $ 260,000 (3) 1.5 % ― % 11/19/2015 11/19/2015 11/30/2018 $ 600 $ 1,988 $ 150,000 (3) 1.5 % ― % 3/1/2016 3/1/2016 11/30/2018 $ 346 $ — The following summarizes the gross and net presentation of amounts related to the Company’s, or its equity method investments’, derivative financial instruments as of December 31, 2016 (in thousands): Gross and net amounts of asset (liability) as of December 31, 2016 Gross amounts as of December 31, 2016 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 12,050 (2) $ (44 ) $ — $ (44 ) $ (44 ) $ — $ (44 ) $ 37,446 (2) $ (878 ) $ — $ (878 ) $ (878 ) $ — $ (878 ) $ 25,516 (2) $ (667 ) $ — $ (667 ) $ (667 ) $ — $ (667 ) $ 10,422 (3) $ — $ — $ — $ — $ — $ — $ 47,983 (2) $ (949 ) $ — $ (949 ) $ (949 ) $ — $ (949 ) $ 82,370 (2) $ (1,512 ) $ — $ (1,512 ) $ (1,512 ) $ — $ (1,512 ) $ 6,876 (2) $ (17 ) $ — $ (17 ) $ (17 ) $ — $ (17 ) $ 175,000 (2) $ (992 ) $ — $ (992 ) $ (992 ) $ — $ (992 ) $ 134,258 (2) $ (976 ) $ — $ (976 ) $ (976 ) $ — $ (976 ) $ 260,000 (3) $ 600 $ — $ 600 $ 600 $ — $ 600 $ 150,000 (3) $ 346 $ — $ 346 $ 346 $ — $ 346 12. Derivative Financial Instruments ( continued ) The following summarizes the gross and net presentation of amounts related to the Company’s, or its equity method investments’, derivative financial instruments as of December 31, 2015 (in thousands): Gross and net amounts of asset (liability) as of December 31, 2015 Gross amounts as of December 31, 2015 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 12,248 (2) $ (85 ) $ — $ (85 ) $ (85 ) $ — $ (85 ) $ 38,052 (2) $ (1,472 ) $ — $ (1,472 ) $ (1,472 ) $ — $ (1,472 ) $ 25,929 (2) $ (1,086 ) $ — $ (1,086 ) $ (1,086 ) $ — $ (1,086 ) $ 10,699 (3) $ 1 $ — $ 1 $ 1 $ — $ 1 $ 48,415 (2) $ (1,066 ) $ — $ (1,066 ) $ (1,066 ) $ — $ (1,066 ) $ 83,797 (2) $ (2,283 ) $ — $ (2,283 ) $ (2,283 ) $ — $ (2,283 ) $ 6,998 (2) $ (37 ) $ — $ (37 ) $ (37 ) $ — $ (37 ) $ 175,000 (2) $ (1,694 ) $ — $ (1,694 ) $ (1,694 ) $ — $ (1,694 ) $ 138,698 (2) $ (1,795 ) $ — $ (1,795 ) $ (1,795 ) $ — $ (1,795 ) $ 260,000 (3) $ 1,988 $ — $ 1,988 $ 1,988 $ — $ 1,988 FOOTNOTES: (1) The all-in rates are equal to the sum of the Strike and Credit Spread detailed above. (2) Amounts related to interest rate swaps held by the Company, or its equity method investments, which are recorded at fair value and included in either other assets or other liabilities in the accompanying consolidated balance sheets. (3) Amounts related to the interest rate caps held by the Company, or its equity method investments, which are recorded at fair value and included in other assets in the accompanying consolidated balance sheets. Although the Company has determined that the majority of the inputs used to value its derivative financial instruments fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparties. The Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative financial instruments and has determined that the credit valuation adjustments on the overall valuation adjustments are not significant to the overall valuation of its derivative financial instruments. As a result, the Company determined that its derivative financial instruments valuation in its entirety is classified in Level 2 of the fair value hierarchy. Determining fair value requires management to make certain estimates and judgments. Changes in assumptions could have a positive or negative impact on the estimated fair values of such instruments which could, in turn, impact the Company’s or its joint venture’s results of operations.

Equity

Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Equity	13. Equity Redeemable Noncontrolling Interest: In connection with the Watercrest at Katy joint venture, the Company’s joint venture partner acquired a 5% noncontrolling interest that includes a put option of its membership to the Company at any time commencing on the date on which Watercrest at Katy development opens to residents and concluding on the fifth anniversary thereof, when NOI is: (a) equal to or greater than the NOI threshold established in the joint venture agreement, and (b) has been equal to or greater than the NOI threshold established in the joint venture agreement for the three calendar months immediately preceding the calendar month during which the joint venture partner exercises the put option. The put option is redeemable for cash at a price equal to the appraised market value (less certain transaction-related costs) at the time the put option is exercised (“Put Price”). The Company’s maximum exposure, as a result of these redeemable equity securities, is limited to the Put Price multiplied by the joint venture partner’s 5% membership interest. 13. Equity (continued) Stockholders’ Equity: Public Offerings — Through the close of the Company’s Offerings on September 30, 2015, the Company had received aggregate proceeds of approximately $1.7 billion. While the Company’s Offerings closed on September 30, 2015, the Company continues to provide existing stockholders the opportunity to designate their cash distributions for reinvestment through the Company’s Reinvestment Plan. For the years ended December 31, 2016, 2015 and 2014, the Company received proceeds of approximately $42.6 million (4.4 million shares), $36.8 million (3.7 million shares) and $17.7 million (1.8 million shares), respectively, through the Reinvestment Plan. Stock Issuance and Offering Costs – The Company incurred costs in connection with the offering and issuance of shares, including selling commissions, marketing support fees, filing fees, legal, accounting, printing and due diligence expense reimbursements, which are recorded as stock issuance and offering costs and deducted from stockholders’ equity. In accordance with the Company’s articles of incorporation, the total amount of selling commissions, marketing support fees, and other organizational and offering costs to be paid by the Company may not exceed 15% of the aggregate gross offering proceeds. Offering costs are generally funded by the Managing Dealer and subsequently reimbursed by the Company subject to this limitation. For the years ended December 31, 2015 and 2014, the Company incurred approximately $57.4 million and $59.8 million, respectively, in stock issuance and other offering costs, as described in Note 11. “Related Party Arrangements.” Distributions — For the years ended December 31, 2016, 2015 and 2014, the Company declared cash distributions of $74.0 million, $63.2 million and $31.9 million, respectively, of which $31.4 million, $26.4 million and $14.2 million, respectively, were paid in cash to stockholders and $42.6 million, $36.8 million and $17.7 million, respectively, were reinvested pursuant to the Reinvestment Plan. In addition, for the years ended December 31, 2015 and 2014, the Company declared and made stock distributions of approximately 3.2 million and 2.4 million shares of common stock, respectively. The tax composition of the Company’s distributions declared for the years ended December 31, 2016, 2015 and 2014 were as follows: December 31, 2016 2015 2014 Ordinary income 21.5 % 37.8 % 30.8 % Capital gain 14.4 % 0.0 % 0.0 % Unrecaptured Sec. 1250 gain 1.2 % 0.0 % 0.0 % Return of capital 62.9 % 62.2 % 69.2 % Redemptions — For the years ended December 31, 2016, 2015 and 2014, the Company received requests for the redemption of common stock of approximately 3.7 million, 1.0 million and 0.3 million shares, respectively, all of which were approved for redemption at an average price of $9.73, $9.51 and $9.24, respectively, and for a total of approximately $36.2 million, $9.3 million and $3.0 million, respectively. Promoted Interest — For the years ended December 31, 2016, 2015 and 2014, the Company recorded, as a reduction to capital in excess of par value, the following distributions to holders of promoted interest (in thousands): December 31, 2016 2015 2014 Dogwood Forest of Acworth $ (3,850 ) $ — $ — Wellmore of Tega Cay (2,800 ) — — HarborChase of Villages Crossing ― — (2,000 ) $ (6,650 ) $ — $ (2,000 ) 13. Equity (continued) Other comprehensive income (loss) — The following table reflects the effect of derivative financial instruments held by Company, or its equity method investments, and included in the consolidated statements of comprehensive loss for the years ended December 31, 2016, 2015 and 2014 (in thousands): Derivative Financial Instruments Gain (loss) recognized in other comprehensive loss on derivative financial instruments Location of gain (loss) reclassified into earnings Gain (loss) reclassified from accumulated other comprehensive loss into earnings Years Ended Years Ended December 31, December 31, 2016 2015 2014 2016 2015 2014 Interest rate swaps $ 3,487 $ (4,881 ) $ (3,915 ) Interest expense and loan cost amortization $ (7,150 ) $ (4,110 ) $ (98 ) Interest rate caps (1,584 ) (262 ) ― Interest expense and loan cost amortization (45 ) ― ― Reclassification of interest rate swaps upon derecognition ― 236 ― Interest expense and loan cost amortization ― (236 ) ― Reclassification of interest rate swaps due to ineffectiveness (18 ) 33 ― Interest expense and loan cost amortization 18 (33 ) ― Interest rate cap held by unconsolidated joint venture (1 ) (9 ) 10 Not applicable ― ― ― Total $ 1,884 $ (4,883 ) $ (3,905 ) $ (7,177 ) $ (4,379 ) $ (98 )

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes For the years ended December 31, 2016, 2015 and 2014, the Company recorded net current tax expense and current deferred tax assets related to deferred income at its TRSs. The components of the income tax expense for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands): Years Ended December 31, 2016 2015 2014 Current: Federal $ — $ — $ — State (351 ) (378 ) (361 ) Total current expense (351 ) (378 ) (361 ) Deferred: Federal ― ― ― State ― ― ― Total deferred expense ― ― ― Income tax expense $ (351 ) $ (378 ) $ (361 ) Deferred income taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets as of years ended December 31, 2016 and 2015 are as follows: 2016 2015 Carryforwards of net operating loss $ 9,110 $ 5,220 Prepaid rent 442 619 Valuation allowance (9,552 ) (5,839 ) Net deferred tax assets $ — $ — 14. Income Taxes ( continued ) A reconciliation of the income tax expense computed at the statutory federal tax rate on income before income taxes is as follows (in thousands): Years Ended December 31, 2016 2015 2014 Tax benefit computed at federal statutory rate $ 11,002 35.00 % $ 23,701 35.00 % $ 18,253 35.00 % Impact of REIT election (11,002 ) (35.00 )% (23,701 ) (35.00 )% (18,253 ) (35.00 )% State income tax expense (351 ) (1.12 )% (378 ) (0.56 )% (361 ) (0.69 )% Income tax expense $ (351 ) (1.12 )% $ (378 ) (0.56 )% $ (361 ) (0.69 )% The Company’s TRS entities had net operating loss carry-forwards for federal and state purposes of approximately $48.6 million as of year ended December 31, 2016 to offset future taxable income with approximately $11.5 million, $16.6 million, and $19.6 million of the estimated net operating loss carry-forwards set to expire in 2034, 2035 and 2036, respectively. The Company analyzed its material tax positions and determined that it has not taken any uncertain tax positions. The tax years 2013 through 2016 remain subject to examination by taxing authorities.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies From time to time, the Company may be a party to legal proceedings in the ordinary course of, or incidental to the normal course of, its business, including proceedings to enforce its contractual or statutory rights. While the Company cannot predict the outcome of these legal proceedings with certainty, based upon currently available information, the Company does not believe the final outcome of any pending or threatened legal proceeding will have a material adverse effect on its results of operations or financial condition. Refer to Note 4. “Real Estate Assets, net” for additional information on the remaining development budgets for the Company’s real estate under development. Refer to Note 8. “Ground and Air Rights Leases” for information on commitments under its ground and air rights lease agreements. Refer to Note 9. “Contingent Purchase Price Consideration” for information on potential contingent purchase price considerations related to property acquisitions. Refer to Note 11. “Related Party Arrangements” for information on contingent restricted stock shares due to the Company’s Advisor and Property Manager in connection with the Expense Support Agreements.

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2016
Risks And Uncertainties [Abstract]
Concentration of Credit Risk	16. Concentration of Credit Risk For the years ended December 31, 2016, 2015 and 2014 the Company had the following geographical concentration that individually accounted for 10% or more of total revenues: Type of December 31, Concentration 2016 2015 2014 State of Texas (1) Geographical 18.4 % 16.5 % 22.1 % FOOTNOTE: (1)

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	17. Selected Quarterly Financial Data (Unaudited) The following table presents selected unaudited quarterly financial data for the years ended December 31, 2016 and 2015 (in thousands, except per share data): 2016 Quarters First Second Third Fourth Full Year Total revenues $ 92,960 $ 94,041 $ 95,511 $ 94,543 $ 377,055 Operating income (loss) (991 ) 2,714 3,660 5,764 11,147 Net income (loss) attributable to common stockholders (14,442 ) (12,072 ) (11,992 ) 6,839 (31,667 ) Weighted average number of shares outstanding(basic and diluted) 174,681 175,489 175,033 175,328 175,121 Income (loss) per share of common stock(basic and diluted) $ (0.08 ) $ (0.07 ) $ (0.07 ) $ 0.04 $ (0.18 ) 2015 Quarters First Second Third Fourth Full Year Total revenues $ 65,033 $ 67,476 $ 79,904 $ 88,112 $ 300,525 Operating loss (7,909 ) (3,650 ) (7,925 ) (4,824 ) (24,308 ) Net loss attributable to common stockholders (18,000 ) (13,410 ) (19,225 ) (17,420 ) (68,055 ) Weighted average number of shares outstanding(basic and diluted) (1) 131,880 146,257 162,730 173,766 153,804 Loss per share of common stock(basic and diluted) $ (0.14 ) $ (0.09 ) $ (0.12 ) $ (0.10 ) $ (0.44 ) FOOTNOTE: (1) .

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	18. Subsequent Events Expense Support Agreement Amendment In February 2017, the Company’s board of directors approved the fourth amended and restated expense support agreements with both the Advisor and Property Manager that are effective January 1, 2017. These amendments limit the annual expense support amount to four percent of the then-current estimated NAV per share and change the calculation to exclude the impact of completed development properties for a specified period of time after the property is placed into service (as defined in the agreement).

SCHEDULE II-Valuation and Quali

SCHEDULE II-Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2016
Valuation And Qualifying Accounts [Abstract]
SCHEDULE II-Valuation and Qualifying Accounts	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS YEARS ENDED DECEMBER 31, 2016, 2015 AND 2014 (in thousands) Year Description Balance at Beginning of Year Charged to Costs and Expenses Charged to Other Accounts Balance at End of Year 2014 Deferred tax asset valuation allowance $ (597 ) $ (2,201 ) $ — $ (2,798 ) $ (597 ) $ (2,201 ) $ — $ (2,798 ) 2015 Deferred tax asset valuation allowance $ (2,798 ) $ (3,041 ) $ — $ (5,839 ) Allowance for doubtful accounts ― (1,170 ) ― (1,170 ) $ (2,798 ) $ (4,211 ) $ — $ (7,009 ) 2016 Deferred tax asset valuation allowance $ (5,839 ) $ (3,713 ) $ — $ (9,552 ) Allowance for doubtful accounts (1,170 ) (346 ) ― (1,516 ) $ (7,009 ) $ (4,059 ) $ — $ (11,068 )

SCHEDULE III-Real Estate and Ac

SCHEDULE III-Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2016
Real Estate And Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III-Real Estate and Accumulated Depreciation	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2016 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Primrose Retirement Community of Casper Casper, Wyoming $ 11,789 $ 1,910 $ 16,310 $ — 296 ― 1,910 16,606 ― 18,516 (2,099 ) 2004 2/16/2012 (1) Primrose Retirement Community of Grand Island Grand Island, Nebraska $ 8,316 $ 719 $ 12,140 $ 25 ― ― 744 12,140 ― 12,884 (1,620 ) 2005 2/16/2012 (1) Primrose Retirement Community of Mansfield Mansfield, Ohio $ 11,315 $ 650 $ 16,720 $ 229 71 ― 879 16,791 ― 17,670 (2,231 ) 2007 2/16/2012 (1) Primrose Retirement Community of Marion Marion, Ohio $ 9,385 $ 889 $ 16,305 $ — ― ― 889 16,305 ― 17,194 (2,150 ) 2006 2/16/2012 (1) Sweetwater Retirement Community Billings, Montana 10,193 $ 1,578 $ 14,205 $ 19 ― ― 1,597 14,205 ― 15,802 (1,827 ) 2006 2/16/2012 (1) HarborChase of Villages Crossing Lady Lake, Florida ("The Villages") $ — $ 2,165 $ — $ 986 15,424 ― 3,151 15,424 ― 18,575 (1,264 ) 2013 8/29/2012 (1) Primrose Retirement Community Cottages Aberdeen, South Dakota $ — $ 311 $ 3,794 $ — ― ― 311 3,794 ― 4,105 (421 ) 2005 12/19/2012 (1) Primrose Retirement Community of Council Bluffs Council Bluffs, Iowa ("Omaha") $ — $ 1,144 $ 11,117 $ 5 ― ― 1,149 11,117 ― 12,266 (1,268 ) 2008 12/19/2012 (1) Primrose Retirement Community of Decatur Decatur, Illinois $ 10,344 $ 513 $ 16,706 $ — 154 ― 513 16,860 ― 17,373 (1,824 ) 2009 12/19/2012 (1) Primrose Retirement Community of Lima Lima, Ohio $ — $ 944 $ 17,115 $ 8 4 ― 952 17,119 ― 18,071 (1,864 ) 2006 12/19/2012 (1) Primrose Retirement Community of Zanesville Zanesville, Ohio $ 11,674 $ 1,184 $ 17,292 $ — 67 ― 1,184 17,359 ― 18,543 (1,887 ) 2008 12/19/2012 (1) Symphony Manor Baltimore, Maryland $ 11,683 $ 2,319 $ 19,444 $ — 78 ― 2,319 19,522 ― 21,841 (2,089 ) 2011 12/21/2012 (1) Curry House Assisted Living & Memory Care Cadillac, Michigan $ 6,008 $ 995 $ 11,072 $ 9 ― ― 1,004 11,072 ― 12,076 (1,202 ) 1966 12/21/2012 (1) Tranquillity at Fredericktowne Frederick, Maryland $ 5,779 $ 808 $ 14,291 $ — 32 1,407 808 14,323 1,407 16,538 (1,534 ) 2000 12/21/2012 (1) Brookridge Heights Assisted Living & Memory Care Marquette, Michigan $ 5,925 $ 595 $ 11,339 $ — 11 2,391 595 11,350 2,391 14,336 (1,213 ) 1998 12/21/2012 (1) Woodholme Gardens Assisted Living & Memory Care Pikesville, Maryland ("Baltimore") $ 7,000 $ 1,603 $ 13,472 $ 11 ― ― 1,614 13,472 ― 15,086 (1,457 ) 2010 12/21/2012 (1) Batesville Healthcare Center Batesville, Arkansas $ — $ 397 $ 5,382 $ — ― ― 397 5,382 ― 5,779 (502 ) 1975 5/31/2013 (1) Broadway Healthcare Center West Memphis, Arkansas $ — $ 438 $ 10,560 $ — 77 ― 438 10,637 ― 11,075 (1,002 ) 1994 5/31/2013 (1) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Jonesboro Healthcare Center Jonesboro, Arkansas $ — $ 527 $ 13,493 $ — 5 ― 527 13,498 ― 14,025 (1,260 ) 2012 5/31/2013 (1) Magnolia Healthcare Center Magnolia, Arkansas $ — $ 421 $ 10,454 $ — ― ― 421 10,454 ― 10,875 (992 ) 2009 5/31/2013 (1) Mine Creek Healthcare Center Nashville, Arkansas $ — $ 135 $ 2,942 $ 11 10 ― 146 2,952 ― 3,098 (291 ) 1978 5/31/2013 (1) Searcy Healthcare Center Searcy, Arkansas $ — $ 648 $ 6,017 $ — 50 ― 648 6,067 ― 6,715 (584 ) 1973 5/31/2013 (1) LaPorte Cancer Center Westville, Indiana $ 7,797 $ 433 $ 10,846 $ — ― ― 433 10,846 ― 11,279 (1,040 ) 2010 6/14/2013 (1) Jefferson Medical Commons Jefferson City, Tennessee ("Knoxville") $ 7,598 $ 151 $ 10,236 $ — 162 ― 151 10,398 ― 10,549 (954 ) 2001 7/10/2013 (1) Physicians Plaza A at North Knoxville Medical Center Powell, Tennessee ("Knoxville") $ 11,855 $ 262 $ 16,976 $ — 9 ― 262 16,985 ― 17,247 (1,585 ) 2005 7/10/2013 (1) Physicians Plaza B at North Knoxville Medical Center Powell, Tennessee ("Knoxville") $ 14,260 $ 303 $ 18,754 $ — 318 ― 303 19,072 ― 19,375 (1,758 ) 2008 7/10/2013 (1) Physicians Regional Medical Center - Central Wing Annex Knoxville, Tennessee $ 3,778 $ 73 $ 5,285 $ — ― ― 73 5,285 ― 5,358 (491 ) 2004 7/10/2013 (1) HarborChase of Jasper Jasper, Alabama $ — $ 355 $ 6,358 $ — 1 ― 355 6,359 ― 6,714 (577 ) 1998 7/31/2013 (1) Chestnut Commons MOB Elyria, Ohio ("Cleveland") $ — $ 2,053 $ 15,650 $ 38 ― ― 2,091 15,650 ― 17,741 (1,539 ) 2008 8/16/2013 (1) Doctors Specialty Hospital Leawood, Kansas ("Kansas City") $ — $ 924 $ 5,771 $ 16 ― ― 940 5,771 ― 6,711 (550 ) 2001 8/16/2013 (1) Escondido Medical Arts Center Escondido, California ("San Diego") $ — $ 1,863 $ 12,199 $ — 23 ― 1,863 12,222 ― 14,085 (1,078 ) 1994 8/16/2013 (1) John C. Lincoln Medical Office Plaza I Phoenix, Arizona $ — $ 233 $ 2,779 $ — 22 ― 233 2,801 ― 3,034 (286 ) 1980 8/16/2013 (1) John C. Lincoln Medical Office Plaza II Phoenix, Arizona $ — $ 138 $ 1,908 $ — 15 ― 138 1,923 ― 2,061 (197 ) 1984 8/16/2013 (1) North Mountain Medical Plaza Phoenix, Arizona $ — $ 297 $ 4,079 $ — 78 ― 297 4,157 ― 4,454 (415 ) 1994 8/16/2013 (1) Raider Ranch Lubbock, Texas $ — $ 4,992 $ 48,818 $ 436 12,077 ― 5,428 60,895 ― 66,323 (4,628 ) 2009 8/29/2013 (1) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Town Village Oklahoma City, Oklahoma $ — $ 1,020 $ 19,847 $ — 1,356 ― 1,020 21,203 ― 22,223 (1,738 ) 2004 8/29/2013 (1) Calvert Medical Arts Center Prince Frederick, Maryland ("Washington D.C.") $ 12,233 $ 20 $ 17,838 $ 1 86 ― 21 17,924 ― 17,945 (1,541 ) 2009 8/30/2013 (1) Calvert MOBs I, II & III Prince Frederick, Maryland ("Washington D.C.") $ 10,390 $ 51 $ 14,334 $ — 273 ― 51 14,607 ― 14,658 (1,278 ) 1991/1999/2000 8/30/2013 (1) Dunkirk Medical Center Dunkirk, Maryland ("Washington D.C.") $ 2,923 $ 351 $ 2,991 $ 20 25 ― 371 3,016 ― 3,387 (337 ) 1997 8/30/2013 (1) Prestige Senior Living Beaverton Hills Beaverton, Oregon ("Portland") $ 8,994 $ 1,387 $ 10,324 $ — ― ― 1,387 10,324 ― 11,711 (857 ) 2000 12/2/2013 (1) Prestige Senior Living High Desert Bend, Oregon $ 7,780 $ 835 $ 11,252 $ 13 ― ― 848 11,252 ― 12,100 (971 ) 2003 12/2/2013 (1) MorningStar of Billings Billings, Montana $ 19,161 $ 4,067 $ 41,373 $ 14 68 ― 4,081 41,441 ― 45,522 (3,616 ) 2009 12/2/2013 (1) MorningStar of Boise Boise, Idaho $ 20,453 $ 1,663 $ 35,752 $ 12 ― ― 1,675 35,752 ― 37,427 (2,947 ) 2007 12/2/2013 (1) Prestige Senior Living Huntington Terrace Gresham, Oregon ("Portland") $ 9,962 $ 1,236 $ 12,083 $ 2 11 ― 1,238 12,094 ― 13,332 (1,019 ) 2000 12/2/2013 (1) MorningStar of Idaho Falls Idaho Falls, Idaho $ 17,498 $ 2,006 $ 40,397 $ 5 68 ― 2,011 40,465 ― 42,476 (3,398 ) 2009 12/2/2013 (1) Prestige Senior Living Arbor Place Medford, Oregon $ 8,009 $ 355 $ 14,083 $ — ― ― 355 14,083 ― 14,438 (1,157 ) 2003 12/2/2013 (1) Prestige Senior Living Orchard Heights Salem, Oregon $ 12,030 $ 545 $ 15,544 $ 6 71 ― 551 15,615 ― 16,166 (1,270 ) 2002 12/2/2013 (1) Prestige Senior Living Southern Hills Salem, Oregon $ 7,311 $ 653 $ 10,753 $ 31 ― ― 684 10,753 ― 11,437 (896 ) 2001 12/2/2013 (1) MorningStar of Sparks Sparks, Nevada ("Reno") $ 23,191 $ 3,986 $ 47,968 $ 3 23 ― 3,989 47,991 ― 51,980 (4,070 ) 2009 12/2/2013 (1) Prestige Senior Living Five Rivers Tillamook, Oregon $ 7,536 $ 1,298 $ 14,064 $ 5 49 ― 1,303 14,113 ― 15,416 (1,241 ) 2002 12/2/2013 (1) Prestige Senior Living Riverwood Tualatin, Oregon ("Portland") $ 4,372 $ 1,028 $ 7,429 $ — 38 ― 1,028 7,467 ― 8,495 (642 ) 1999 12/2/2013 (1) Chula Vista Medical Arts Center - Plaza II Chula Vista, California ("San Diego") $ — $ 2,462 $ 7,453 $ 9 369 ― 2,471 7,822 ― 10,293 (632 ) 1985 12/23/2013 (1) Coral Springs MOB I Coral Springs, Florida $ — $ 2,614 $ 11,220 $ — ― ― 2,614 11,220 ― 13,834 (956 ) 2005 12/23/2013 (1) Coral Springs MOB II Coral Springs, Florida $ — $ 2,614 $ 12,130 $ 1 ― ― 2,615 12,130 ― 14,745 (1,034 ) 2008 12/23/2013 (1) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Chula Vista Medical Arts Center - Plaza I Chula Vista, California ("San Diego") $ — $ 6,130 $ 10,293 $ 14 200 ― 6,144 10,493 ― 16,637 (832 ) 1975 1/21/2014 (1) Prestige Senior Living Auburn Meadows Auburn, Washington ("Seattle") $ 10,278 $ 2,537 $ 17,261 $ — 3 ― 2,537 17,264 ― 19,801 (1,377 ) 2003/2010 2/3/2014 (1) Prestige Senior Living Bridgewood Vancouver, Washington ("Portland") $ 12,849 $ 1,603 $ 18,172 $ — ― ― 1,603 18,172 ― 19,775 (1,437 ) 2001 2/3/2014 (1) Prestige Senior Living Monticello Park Longview, Washington $ 17,927 $ 1,981 $ 23,056 $ — ― ― 1,981 23,056 ― 25,037 (1,800 ) 2001/2010 2/3/2014 (1) Prestige Senior Living Rosemont Yelm, Washington $ 9,258 $ 668 $ 14,564 $ — ― ― 668 14,564 ― 15,232 (1,124 ) 2004 2/3/2014 (1) Wellmore of Tega Cay Tega Cay, South Carolina ("Charlotte") $ — $ 2,445 $ — $ 2,740 23,440 ― 5,185 23,440 ― 28,625 (1,176 ) (3) 2/7/2014 (1) Isle at Cedar Ridge Cedar Park, Texas ("Austin") $ — $ 1,525 $ 16,277 $ — 185 ― 1,525 16,462 ― 17,987 (1,292 ) 2011 2/28/2014 (1) Prestige Senior Living West Hills Corvallis, Oregon $ 8,589 $ 842 $ 12,603 $ — ― ― 842 12,603 ― 13,445 (995 ) 2002 3/3/2014 (1) HarborChase of Plainfield Plainfield, Illinois $ — $ 1,596 $ 21,832 $ — ― ― 1,596 21,832 ― 23,428 (1,627 ) 2010 3/28/2014 (1) Legacy Ranch Alzheimer's Special Care Center Midland, Texas $ — $ 917 $ 9,982 $ 2 ― ― 919 9,982 ― 10,901 (759 ) 2012 3/28/2014 (1) The Springs Alzheimer's Special Care Center San Angelo, Texas $ — $ 595 $ 9,658 $ — ― ― 595 9,658 ― 10,253 (734 ) 2012 3/28/2014 (1) Isle at Watercrest - Bryan Bryan, Texas $ — $ 714 $ 18,140 $ 5 212 ― 719 18,352 ― 19,071 (1,298 ) 2011 4/21/2014 (1) Watercrest at Bryan Bryan, Texas $ — $ 2,509 $ 22,441 $ 4 96 ― 2,513 22,537 ― 25,050 (1,739 ) 2009 4/21/2014 (1) Isle at Watercrest - Mansfield Mansfield, Texas ("Dallas/Fort Worth") $ — $ 997 $ 24,635 $ — ― ― 997 24,635 ― 25,632 (1,745 ) 2011 5/5/2014 (1) Memorial Hermann Orthopedic & Spine Hospital Bellaire, Texas ("Houston") $ 30,936 $ 3,867 $ 32,761 $ — ― ― 3,867 32,761 ― 36,628 (2,207 ) 2007 6/2/2014 (1) MHOSH MOB Bellaire, Texas ("Houston") $ 17,047 $ 3,738 $ 20,525 $ — 700 ― 3,738 21,225 ― 24,963 (1,402 ) 2007 6/2/2014 (1) Watercrest at Katy Katy, Texas ("Houston") $ 24,047 $ 4,000 $ — $ 90 32,370 ― 4,090 32,370 ― 36,460 (492 ) (3) 6/27/2014 (1) Watercrest at Mansfield Mansfield, Texas ("Dallas/Fort Worth") $ 26,165 $ 2,191 $ 42,740 $ — 56 ― 2,191 42,796 ― 44,987 (2,865 ) 2010 6/30/2014 (1) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed HarborChase of Shorewood Shorewood, Wisconsin ("Milwaukee") $ 14,755 $ 2,200 $ — $ 296 19,862 ― 2,496 19,862 ― 22,358 (572 ) (3) 7/8/2014 (1) Oklahoma City Inpatient Rehabilitation Hospital Oklahoma City, Oklahoma $ 15,827 $ 3,341 $ 19,249 $ — ― ― 3,341 19,249 ― 22,590 (1,356 ) 2012 7/15/2014 (1) Las Vegas Inpatient Rehabilitation Hospital Las Vegas, Nevada $ 13,835 $ 2,650 $ 16,979 $ — ― ― 2,650 16,979 ― 19,629 (1,209 ) 2007 7/15/2014 (1) South Bend Inpatient Rehabilitation Hospital Mishawaka, Indiana ("South Bend") $ 12,562 $ 2,339 $ 16,239 $ 4 ― ― 2,343 16,239 ― 18,582 (1,172 ) 2009 7/15/2014 (1) Beaumont Specialty Hospital Beaumont, Texas ("Houston") $ 20,852 $ 2,749 $ 28,863 $ — ― ― 2,749 28,863 ― 31,612 (1,880 ) 2013 8/15/2014 (1) Hurst Specialty Hospital Hurst, Texas ("Dallas/Fort Worth") $ 18,288 $ 2,510 $ 24,091 $ — ― ― 2,510 24,091 ― 26,601 (1,571 ) 2004/2012 8/15/2014 (1) Claremont Medical Office Claremont, CA ("Los Angeles") $ 12,478 $ 6,324 $ 13,533 $ — 18 ― 6,324 13,551 ― 19,875 (930 ) 2008 8/29/2014 (1) Lee Hughes MOB Glendale, California ("Los Angeles") $ 18,102 $ 69 $ 22,967 $ — 22 ― 69 22,989 ― 23,058 (1,337 ) 2008 9/29/2014 (1) Newburyport Medical Center Newburyport, Massachusetts ("Boston") $ — $ 2,614 $ 12,135 $ — ― ― 2,614 12,135 ― 14,749 (802 ) 2008 10/31/2014 (1) Northwest Medical Park Building Margate, Florida ("Fort Lauderdale") $ 6,886 $ 610 $ 6,170 $ — 58 ― 610 6,228 ― 6,838 (431 ) 2004 10/31/2014 (1) Fairfield Village of Layton Layton, Utah ("Salt Lake City") $ — $ 5,217 $ 54,167 $ — 5 ― 5,217 54,172 ― 59,389 (3,206 ) 2010 11/20/2014 (1) ProMed Building I Yuma, Arizona $ 6,865 $ 2,486 $ 6,728 $ — ― ― 2,486 6,728 ― 9,214 (402 ) 2006 12/19/2014 (1) Midtown Medical Plaza Charlotte, North Carolina $ 28,438 $ 10 $ 51,237 $ — 12 ― 10 51,249 ― 51,259 (2,629 ) 1994 12/22/2014 (1) Presbyterian Medical Tower Charlotte, North Carolina $ 18,903 $ 40 $ 32,345 $ — 5 ― 40 32,350 ― 32,390 (1,664 ) 1989 12/22/2014 (1) Metroview Professional Building Charlotte, North Carolina $ 8,979 $ 11 $ 15,910 $ — 14 ― 11 15,924 ― 15,935 (817 ) 1971 12/22/2014 (1) Physicians Plaza Huntersville Huntersville, North Carolina ("Charlotte") $ 15,784 $ 520 $ 26,134 $ — 76 ― 520 26,210 ― 26,730 (1,409 ) 2004 12/22/2014 (1) Matthews Medical Office Building Matthews, North Carolina ("Charlotte") $ 11,075 $ 350 $ 19,624 $ — ― ― 350 19,624 ― 19,974 (1,053 ) 1994 12/22/2014 (1) Outpatient Care Center Clyde, North Carolina ("Asheville") $ 10,359 $ 1,169 $ 12,079 $ 9 ― ― 1,178 12,079 ― 13,257 (635 ) 2012 12/22/2014 (1) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed 330 Physicians Center Rome, Georgia $ 19,262 $ 12 $ 26,868 $ — 5 ― 12 26,873 ― 26,885 (1,379 ) 1987/2005 12/22/2014 (1) Spivey Station Physicians Center Atlanta, Georgia $ 9,428 $ 1,026 $ 12,246 $ — ― ― 1,026 12,246 ― 13,272 (689 ) 2007 12/22/2014 (1) Spivey Station ASC Building Atlanta, Georgia $ 12,046 $ 929 $ 13,769 $ — ― ― 929 13,769 ― 14,698 (761 ) 2009 12/22/2014 (1) Novi Orthopaedic Center Novi, Michigan $ 19,825 $ 1,314 $ 26,239 $ 30 ― ― 1,344 26,239 ― 27,583 (1,460 ) 2008 2/13/2015 (1) UT Cancer Institute Building Knoxville, Tennessee $ 20,817 $ 421 $ 27,621 $ — 66 ― 421 27,687 ― 28,108 (1,350 ) 2012 2/20/2015 (1) Fieldstone Memory Care Yakima, Washington $ — $ 1,297 $ 9,965 $ — — ― 1,297 9,965 ― 11,262 (494 ) 2014 3/31/2015 (1) Bend Memorial Clinic MOB Bend, Oregon $ — $ 9,069 $ 19,867 $ — ― ― 9,069 19,867 ― 28,936 (1,025 ) 1976 5/11/2015 (1) Stoneterra Medical Plaza San Antonio, Texas $ — $ 2,864 $ 10,412 $ — ― ― 2,864 10,412 ― 13,276 (474 ) 2006 5/29/2015 (1) Primrose Retirement Center of Anderson Anderson, Indiana ("Muncie") $ — $ 1,342 $ 19,083 $ — ― ― 1,342 19,083 ― 20,425 (852 ) 2008 5/29/2015 (1) Primrose Retirement Center of Lancaster Lancaster, Ohio ("Columbus") $ — $ 2,840 $ 21,884 $ — ― ― 2,840 21,884 ― 24,724 (1,077 ) 2007 5/29/2015 (1) Primrose Retirement Center of Wausau Wausau, Wisconsin ("Green Bay") $ — $ 1,089 $ 18,653 $ — ― ― 1,089 18,653 ― 19,742 (801 ) 2008 5/29/2015 (1) Triangle Orthopaedic Durham Durham, North Carolina $ 12,800 $ 3,191 $ 14,523 $ 134 ― ― 3,325 14,523 ― 17,848 (641 ) 2000 6/29/2015 (1) Triangle Orthopaedic Roxboro Roxboro, North Carolina $ 1,300 $ 287 $ 1,406 $ — ― ― 287 1,406 ― 1,693 (66 ) 2000 6/29/2015 (1) Triangle Orthopaedic Chapel Hill Chapel Hill, North Carolina $ 1,900 $ 360 $ 2,306 $ — ― ― 360 2,306 ― 2,666 (99) 2011 6/29/2015 (1) Triangle Orthopaedic Oxford Oxford, North Carolina $ 2,800 $ 658 $ 3,074 $ — ― ― 658 3,074 ― 3,732 (144) 2011 6/29/2015 (1) North Carolina Specialty Hospital Durham, North Carolina $ 19,000 $ 3,173 $ 22,762 $ — ― ― 3,173 22,762 ― 25,935 (945) 2004 6/29/2015 (1) Doctor's Park Building B Chula Vista, California ("San Diego") $ — $ 1,161 $ 2,919 $ — ― ― 1,161 2,919 ― 4,080 (128 ) 2008 6/30/2015 (1) Doctor's Park Building C Chula Vista, California ("San Diego") $ — $ 2,323 $ 6,351 $ — ― ― 2,323 6,351 ― 8,674 (276 ) 2006 6/30/2015 (1) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Superior Residences of Panama City Panama City Beach, Florida $ — $ 2,099 $ 19,367 $ — $ — $ — $ 2,099 $ 19,367 $ — $ 21,466 $ (818 ) 2015 7/15/2015 (1) 540 New Waverly Place Cary, North Carolina ("Raleigh") $ 6,868 $ 2,476 $ 11,009 $ — ― ― 2,476 11,009 ― 13,485 (463 ) 2007 7/20/2015 (1) MedHelp Birmingham, Alabama $ — $ 2,270 $ 10,359 $ — ― ― 2,270 10,359 ― 12,629 (403 ) 2015 7/31/2015 (1) Patriot Professional Center Frederick, Maryland ("Baltimore") $ — $ 3,912 $ 11,781 $ — ― ― 3,912 11,781 ― 15,693 (497 ) 2006/2014 7/31/2015 (1) Liberty Professional Center Frederick, Maryland ("Baltimore") $ — $ 1,977 $ 4,462 $ 10 ― ― 1,987 4,462 ― 6,449 (185 ) 1979/2013 7/31/2015 (1) The Hampton at Meadows Place Meadows Place, Texas ("Houston") $ — $ 715 $ 24,281 $ — ― ― 715 24,281 ― 24,996 (898 ) 2007/2013/2014 7/31/2015 (1) The Pavilion at Great Hills Austin, Texas $ — $ 1,783 $ 29,318 $ — ― ― 1,783 29,318 ― 31,101 (1,094 ) 2010 7/31/2015 (1) The Beacon at Gulf Breeze Gulf Breeze, Florida ("Pensacola") $ — $ 824 $ 24,106 $ — ― ― 824 24,106 ― 24,930 (927 ) 2008 7/31/2015 (1) Parc at Piedmont Marietta, Georgia ("Atlanta") $ — $ 3,529 $ 43,080 $ — ― ― 3,529 43,080 ― 46,609 (1,662 ) 2001/2011 7/31/2015 (1) Parc at Duluth Duluth, Georgia ("Atlanta") $ — $ 5,951 $ 42,458 $ — ― ― 5,951 42,458 ― 48,409 (1,637 ) 2003/2012 7/31/2015 (1) Broadway Medical Plaza 1 Columbia, Missouri $ — $ 437 $ 9,281 $ — ― ― 437 9,281 ― 9,718 (356 ) 1994 8/21/2015 (1) Broadway Medical Plaza 2 Columbia, Missouri $ — $ 386 $ 12,460 $ — ― ― 386 12,460 ― 12,846 (460 ) 1999 8/21/2015 (1) Broadway Medical Plaza 4 Columbia, Missouri $ — $ 170 $ 12,118 $ — ― ― 170 12,118 ― 12,288 (429 ) 2007 8/21/2015 (1) Waterstone on Augusta Greenville, South Carolina $ 12,698 $ 2,253 $ — $ — ― 21,901 2,253 ― 21,901 24,154 ― (3) 8/31/2015 (1) Welbrook Senior Living Grand Junction Grand Junction, Colorado $ — $ 1,050 $ — $ — ― 11,844 1,050 ― 11,844 12,894 ― (3) 9/4/2015 (1) Wellmore of Lexington Lexington, South Carolina ("Columbia") $ 13,542 $ 2,300 $ — $ — ― 36,673 2,300 ― 36,673 38,973 ― (3) 9/14/2015 (1) Palmilla Senior Living Albuquerque, New Mexico $ 27,000 $ 4,701 $ 38,321 $ — ― ― 4,701 38,321 ― 43,022 (1,312 ) 2013 9/30/2015 (1) Cedar Lake Assisted Living and Memory Care Lake Zurich, Illinois ("Chicago") $ — $ 2,412 $ 25,126 $ 2 ― ― 2,414 25,126 ― 27,540 (859 ) 2014 9/30/2015 (1) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Fieldstone at Pear Orchard Yakima Washington $ 8,861 $ 1,035 $ — $ 87 12,273 ― 1,122 12,273 ― 13,395 (27 ) (3) 10/12/2015 (1) The Shores at Lake Phalen Maplewood, Minnesota ("St. Paul") $ — $ 2,724 $ 25,093 $ — ― ― 2,724 25,093 ― 27,817 (793 ) 2012 11/10/2015 (1) Dogwood Forrest of Grayson Grayson, Georgia $ 3,351 $ 1,788 $ — $ 50 ― 15,506 1,838 ― 15,506 17,344 ― (3) 11/24/2015 (1) Center One Jacksonville, Florida $ — $ 8,294 $ 21,756 $ — ― ― 8,294 21,756 ― 30,050 (678 ) 2006 11/30/2015 (1) Red Bank Professional Office Building Cincinnati, Ohio $ — $ 1,721 $ 7,721 $ — ― ― 1,721 7,721 ― 9,442 (236 ) 2001 12/14/2015 (1) Park Place Senior Living at WingHaven O'Fallon, Missouri ("St. Louis") $ — $ 1,283 $ 48,221 $ — ― ― 1,283 48,221 ― 49,504 (1,269 ) 2006/2014 12/17/2015 (1) Siena Pavilion IV Henderson, Nevada ("Las Vegas") $ — $ 1,454 $ 4,786 $ — ― ― 1,454 4,786 ― 6,240 (140 ) 2002 12/18/2015 (1) Siena Pavilion V Henderson, Nevada ("Las Vegas") $ — $ 3,944 $ 20,355 $ — ― ― 3,944 20,355 ― 24,299 (584 ) 2003 12/18/2015 (1) Siena Pavilion VI Henderson, Nevada ("Las Vegas") $ — $ 2,599 $ 18,725 $ — ― ― 2,599 18,725 ― 21,324 (505 ) 2005 12/18/2015 (1) Hearthside Senior Living of Collierville Collierville, Tennessee ("Memphis") $ — $ 1,756 $ 13,379 $ ― ― ― 1,756 13,379 ― 15,135 (374 ) 2014 12/29/2015 (1) Cobalt Rehabilitation Hospital Surprise Surprise, Arizona ("Phoenix") $ 15,379 $ 2,464 $ 17,983 $ — ― ― 2,464 17,983 ― 20,447 (511 ) 2015 12/30/2015 (1) Cobalt Rehabilitation Hospital New Orleans $ 19,500 $ 3,283 20,142 $ — ― ― 3,283 20,142 ― 23,425 (91 ) 2016 10/19/2016 (1) New Orleans, Louisiana $ 944,003 $ 240,171 2,235,690 5,392 121,099 89,722 245,563 2,356,789 89,722 2,692,074 (153,124 ) Transactions in real estate and accumulated depreciation as of December 31, 2016 are as follows: Balance December 31, 2013 $ 859,877 Balance December 31, 2013 $ (11,011 ) 2014 Acquisitions 822,305 2014 Depreciation (29,456 ) 2014 Improvements 39,247 Balance December 31, 2014 (40,467 ) Balance December 31, 2014 1,721,429 2015 Depreciation (49,734 ) 2015 Acquisitions 802,456 Balance December 31, 2015 (90,201 ) 2015 Improvements 65,018 2016 Depreciation (63,745 ) Balance December 31, 2015 2,588,903 2016 Accumulated depreciation on dispositions 822 2016 Acquisitions 23,425 Balance December 31, 2016 $ (153,124 ) 2016 Improvements 97,767 2016 Dispositions (18,021 ) Balance December 31, 2016 $ 2,692,074 FOOTNOTES: (1) Buildings and building improvements are depreciated over 39 and 15 years, respectively. Tenant improvements are depreciated over the terms of their respective leases. (2) The aggregate cost for federal income tax purposes is approximately $3.0 billion . (3) Land and land improvements, initial cost, include the purchase price of land under development which is included as a component of construction in process in the consolidated balance sheets. As of December 31, 2016 these properties were under development; therefore, depreciation is not applicable.

SCHEDULE IV-Mortgage Loans on R

SCHEDULE IV-Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2016
Mortgage Loans On Real Estate [Abstract]
SCHEDULE IV-Mortgage Loans on Real Estate	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE IV – MORTGAGE LOANS ON REAL ESTATE YEARS ENDED DECEMBER 31, 2016, 2015 AND 2014 (in thousands) The following is a reconciliation of mortgages and other notes receivable on real estate for the years ended December 31, 2016, 2015 and 2014 (in thousands): 2016 2015 2014 Balance at beginning of year $ — $ — $ 3,949 Additions during period: New mortgage loans and additional advances — — 2,065 Accrued and deferred interest — — 288 Deductions during period: Collection of principal — — (6,302 ) Balance at end of year $ — $ — $ —

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation — The accompanying consolidated financial statements include the Company’s accounts, the accounts of wholly owned subsidiaries or subsidiaries for which the Company has a controlling interest, the accounts of VIEs in which the Company is the primary beneficiary, and the accounts of other subsidiaries over which the Company has a controlling financial interest. All material intercompany accounts and transactions have been eliminated in consolidation. In accordance with the guidance for the consolidation of a variable interest entity (“VIE”), the Company is required to identify entities for which control is achieved through means other than voting rights and to determine the primary beneficiary of its VIEs. The Company qualitatively assesses whether it is the primary beneficiary of a VIE and considers various factors including, but not limited to, the design of the entity, its organizational structure including decision-making ability and financial agreements, its ability and the rights of others to participate in policy making decisions, as well as its ability to replace the VIE manager and/or liquidate the entity.
Use of Estimates	Use of Estimates — The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the reported amounts of revenues and expenses during the reporting periods and the disclosure of contingent liabilities. For example, significant assumptions are made in the allocation of purchase price, the analysis of real estate impairments, the valuation of contingent assets and liabilities, and the valuation of restricted stock shares issued to the Advisor or Property Manager. Accordingly, actual results could differ from those estimates.
Allocation of Purchase Price for Real Estate Acquisitions	Allocation of Purchase Price for Real Estate Acquisitions — Upon acquisition of properties, the Company estimates the fair value of acquired tangible assets (consisting of land, building and improvements, tenant improvements and equipment), intangible assets (consisting of in-place leases and above- or below-market leases), liabilities assumed and any contingent assets or liabilities in order to allocate the purchase price. In estimating the fair value of the assets acquired and liabilities assumed, the Company considers information obtained about each property as a result of its due diligence and utilizes various valuation methods, such as estimated cash flow projections using appropriate discount and capitalization rates, estimates of replacement costs net of depreciation and available market information. The fair value of the tangible assets of an acquired leased property is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to land and building based on the relative fair values of these assets. The purchase price is allocated to in-place lease intangibles based on management’s evaluation of the specific characteristics of the acquired lease(s). Factors considered include estimates of carrying costs during hypothetical expected lease-up periods, including estimates of lost rental income during the expected lease-up periods, and costs to execute similar leases such as leasing commissions, legal and other related expenses. Above- and below-market lease intangibles are recorded based on the present value of the difference between the contractual rents to be paid pursuant to the lease and management’s estimate of the fair market lease rates for each in-place lease and may include assumptions for lease renewals of below-market leases. The Company also enters into contingent purchase price consideration arrangements in connection with acquisitions, which result in either an asset or liability being recognized as part of the purchase price allocation. In calculating the estimated fair value of contingent purchase price consideration arrangements, the Company considers information obtained during the due diligence and budget process as well as discount rates to determine the fair value. The Company evaluates the fair value of the arrangements at each reporting period and records any adjustments to the fair value as a component of operating income (expense) in the consolidated statement of operations. Refer to Note 9. “Contingent Purchase Price Consideration” for additional information on fair value measurements of contingent purchase price consideration arrangements.
Depreciation and Amortization	Depreciation and Amortization — Real estate costs related to the acquisition and improvement of properties are capitalized. Repair and maintenance costs are charged to expense as incurred and significant replacements and improvements are capitalized. Repair and maintenance costs include all costs that do not extend the useful life of the real estate asset. The Company considers the period of future benefit of an asset to determine its appropriate useful life. Real estate assets are stated at cost less accumulated depreciation, which is computed using the straight-line method of accounting over the estimated useful lives of the related assets. Buildings and improvements are depreciated on the straight-line method over their estimated useful lives, which generally are the lesser of 39 and 15 years, respectively, or the remaining life of the ground lease. Amortization of intangible assets is computed using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease is terminated or modified prior to its scheduled expiration, the Company recognizes a loss on lease termination related to the unamortized lease-related costs not deemed to be recoverable.
Impairment of Real Estate Assets	Impairment of Real Estate Assets — Real estate assets are reviewed on an ongoing basis to determine whether there are any indicators, including property operating performance and general market conditions, that the value of the real estate properties (including any related amortizable intangible assets or liabilities) may be impaired. To assess if an asset group is potentially impaired, management compares the estimated current and projected undiscounted cash flows, including estimated net sales proceeds, of the asset group over its remaining useful life to the net carrying value of the asset group. Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. In the event that the carrying value exceeds the undiscounted operating cash flows, the Company would recognize an impairment provision to adjust the carrying value of the asset group to the estimated fair value of the asset group. 2. Summary of Significant Accounting Policies (continued) When impairment indicators are present for real estate indirectly owned, through an investment in a joint venture or other similar investment structure accounted for under the equity method, the Company compares the estimated fair value of its investment to the carrying value. An impairment charge will be recorded to the extent fair value of the investment is less than the carrying amount and the decline in value is determined to be other than a temporary decline.
Real Estate Under Development	Real Estate Under Development — The Company records real estate under development at cost, including acquisition fees and closing costs incurred. The cost of the real estate under development includes direct and indirect costs of development, including interest and miscellaneous costs incurred during the development period until the project is substantially complete and available for occupancy. In addition, during active development, all operating expenses related to the project, including property expenses such as real estate taxes and insurance, are capitalized rather than expensed and incidental revenue is recorded as a reduction of capitalized development costs. Preleasing costs are expensed as incurred.
Real Estate Held for Sale	Real Estate Held For Sale — The Company classifies the assets associated with any property as held for sale once management has the authority to approve and commits to a plan to sell the property, the property is available for immediate sale, there is an active program to locate a buyer, the sale of the property is probable and the transfer of the property is expected to occur within one year. Upon the determination to classify a property as held for sale, the Company ceases recording further depreciation and amortization relating to the associated assets and those assets are measured at the lower of its carrying amount or fair value less disposition costs and are presented separately in the consolidated balance sheets for all periods presented. In addition, the Company classifies real estate held for sale as discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on the Company’s operations and financial results.
Capitalized Interest	Capitalized Interest — Interest and loan cost amortization attributable to funds used to finance real estate under development is capitalized as additional costs of development. The Company capitalizes interest at the weighted average interest rate of the Company’s outstanding indebtedness and based on its weighted average expenditures for the period. Capitalization of interest on a specific project ceases when the project is substantially complete and ready for occupancy. During the years ended December 31, 2016, 2015 and 2014, the Company incurred interest expense and loan cost amortization of approximately $61.1 million, $45.3 million and $31.5 million, respectively, of which approximately $2.8 million, $2.3 million and $1.0 million, respectively, was capitalized according to this policy.
Cash	Cash — Cash consists of demand deposits at commercial banks. The Company also invests in cash equivalents consisting of highly liquid investments in money market funds with original maturities of three months or less during the year. As of December 31, 2016, certain of the Company’s cash deposits exceeded federally insured amounts. However, the Company continues to monitor the third-party depository institutions that hold the Company’s cash, primarily with the goal of safeguarding principal. The Company attempts to limit cash investments to financial institutions with high credit standing; therefore, the Company believes it is not exposed to any significant credit risk on cash.
Restricted Cash	Restricted Cash — Certain amounts of cash are escrowed to fund capital expenditures, property taxes and/or insurance as required by the loan or lease terms, and certain security deposits represent restricted use funds.
Loan Costs	Loan Costs — Financing costs paid in connection with obtaining debt are deferred and amortized over the estimated life of the debt using the effective interest method. As of December 31, 2016 and 2015, the accumulated amortization of loan costs was approximately $10.3 million and $7.8 million, respectively.
Deferred Lease-Related Costs	Deferred Lease-Related Costs – The Company defers lease-related costs that it incurs to obtain new or extend existing leases. The Company amortizes these costs using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease is terminated or modified prior to its scheduled expiration, the Company recognizes a loss on lease termination related to the unamortized deferred lease-related costs not deemed to be recoverable.
Revenue Recognition	Revenue Recognition — Rental income from operating leases is recorded on the straight-line basis over the terms of the leases for new leases and the remaining terms of existing leases for those acquired as part of a property acquisition. The straight-line method records the periodic average amount of base rent earned over the term of a lease, taking into account contractual rent increases over the lease term. The Company records the difference between base rent revenues earned and amounts due per the respective lease agreements, as applicable, as an increase or decrease to deferred rent and lease incentives in the accompanying consolidated balance sheets. 2. Summary of Significant Accounting Policies (continued) Some of the Company’s leases require the tenants to pay certain additional contractual amounts that are set aside by the Company for replacements of fixed assets and other improvements to the properties. These amounts are and will remain the property of the Company during and after the term of the lease. The amounts are recorded as capital improvement reserve income at the time that they are earned and are included in rental income from operating leases in the accompanying consolidated statement of operations. Additional percentage rent that is due contingent upon tenant performance thresholds, such as gross revenues, is deferred until the underlying performance thresholds have been achieved. Resident fees and services consist of monthly services, which include rent, assistance and other related services. Agreements with residents are generally for an initial term of three months and are generally cancelable by the residents with a 30-day notice. Tenant reimbursement income represents amounts tenants are required to reimburse the Company for expenses incurred on behalf of the tenants, in accordance with the terms of the leases and are recognized in the period in which the related reimbursable expenses are incurred. Interest income is recognized on an accrual basis when earned. Any deferred portion of contractual interest is recognized on a straight-line basis over the term of the corresponding note receivable. Loan origination fees incurred are recognized as a reduction to interest income over the term of the note receivable.
Reclassifications	Reclassifications – Certain amounts in the prior year’s consolidated balance sheet have been reclassified to conform to the current year’s presentation with no effect on the other previously reported consolidated financial statements.
Derivative Financial Instruments	Derivative Financial Instruments — The Company and certain unconsolidated equity method investments held by the Company use derivative financial instruments to partially offset the effect of fluctuating interest rates on the cash flows associated with its variable-rate debt. Upon entry into a derivative, the Company or its unconsolidated equity method investment formally designates and documents the financial instrument as a hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transaction. The Company or its unconsolidated equity method investment accounts for derivatives through the use of a fair value concept whereby the derivative positions are stated at fair value in the accompanying consolidated balance sheets. The fair value of derivatives used to hedge or modify risk fluctuates over time. As such, the fair value amounts should not be viewed in isolation, but rather in relation to the cash flows or fair value of the underlying hedged transaction and to the overall reduction in the exposure relating to adverse fluctuations in interest rates on the Company’s or its unconsolidated equity method investment’s variable-rate debt. Realized and unrealized gain (loss) on derivative financial instruments designated by either the Company or its unconsolidated equity method investment as cash flow hedges are reported as a component of other comprehensive income (loss), a component of stockholders’ equity, in the accompanying consolidated statements of comprehensive income (loss) to the extent they are effective; reclassified into earnings on the same line item associated with the hedged transaction and in the same period the hedged transaction affects earnings. Any ineffective portions of cash flow hedges are reported in the accompanying consolidated statements of operations as derivative gain (loss). Realized and unrealized gain (loss) on derivative financial instruments designated as cash flow hedges that are entered into by the Company’s equity method investments are reported as a component of the Company’s other comprehensive income (loss) in proportion to the Company’s ownership percentage in the investment, with reclassifications and ineffective portions being included in equity in earnings (loss) of unconsolidated entities in the accompanying consolidated statements of operations.
Fair Value Measurements	Fair Value Measurements — Fair value assumptions are based on the framework established in the fair value accounting guidance under GAAP. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes the following fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable: • Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. • Level 2 — Inputs, other than quoted prices included in Level 1, that are observable for the asset or liability either directly or indirectly; such as, quoted prices for similar assets or liabilities or other inputs that can be corroborated by observable market data. • Level 3 — Unobservable inputs for the asset or liability, which are typically based on the Company’s own assumptions, as there is little, if any, related market activity. 2. Summary of Significant Accounting Policies (continued) When market data inputs are unobservable, the Company utilizes inputs that it believes reflects the Company’s best estimate of the assumptions market participants would use in pricing the asset or liability. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.
Mortgages and Other Notes Payable	Mortgages and Other Notes Payable — Mortgages and other notes payable are recorded at the stated principal amount and are generally collateralized by the Company’s properties. Mortgages and other notes payable assumed in connection with an acquisition are recorded at fair market value as of the date of the acquisition.
Redemptions	Redemptions — Under the Company’s stock redemption plan, a stockholder’s shares are deemed to have been redeemed as of the date that the Company accepts the stockholder’s request for redemption. From and after such date, the stockholder by virtue of such redemption is no longer entitled to any rights as a stockholder in the Company. Shares redeemed are retired and not available for reissue.
Net Loss per Share	Net Loss per Share — Net loss per share is calculated based upon the weighted average number of shares of common stock outstanding during the period in which the Company was operational. For the purposes of determining the weighted average number of shares of common stock outstanding, stock distributions are treated as if they were issued and outstanding for the full periods presented. Therefore, the weighted average number of shares outstanding for the years ended December 31, 2015 and 2014 have been revised to include stock distributions declared and issued as if they were outstanding as of the beginning of each period presented.
Shares Based Payments to Non-Employees	Shares Based Payments to Non-Employees — In connection with the Amended Expense Support Agreements described in Note 11. “Related Party Arrangements,” the Company may issue Restricted Stock to the Advisor or the Property Manager on an annual basis in exchange for providing expense support in the event that cash distributions declared exceed modified funds from operations as defined by the Amended Expense Support Agreements. The Restricted Stock is forfeited if shareholders do not ultimately receive their original invested capital back with at least a 6% annualized return of investment upon a future liquidity or disposition event of the Company. Upon issuance of Restricted Stock, the Company measures the fair value at its then-current lowest aggregate fair value pursuant to ASC 505-50. On the date in which the Advisor or the Property Manager satisfies the vesting criteria, the Company remeasures the fair value of the Restricted Stock pursuant to ASC 505-50 and records expense equal to the difference between the original fair value and that of the remeasurement date. In addition, given that performance is outside the control of the Advisor or the Property Manager and involves both market conditions and counterparty performance conditions, the shares are treated as unissued for accounting purposes and the Company only includes the Restricted Stock in the calculation of diluted earnings per share to the extent their effect is dilutive and the vesting conditions have been satisfied as of the reporting date. Pursuant to the expense support agreements, the Advisor or the Property Manager shall be the record owner of the Restricted Stock until the shares of common stock are sold or otherwise disposed of, and shall be entitled to all of the rights of a stockholder of the Company including, without limitation, the right to vote such shares (to the extent permitted by the Company’s articles of incorporation) and receive all dividends and other distributions paid with respect to such shares. All dividends or other distributions actually paid to the Advisor or the Property Manager in connection with the Restricted Stock shall vest immediately and will not be subject to forfeiture. The Company recognizes expense related to the dividends on the Restricted Stock shares as declared.
Segment Information	Segment Information — Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assess performance. The Company has determined that it operates in one operating segment, real estate ownership. The Company’s chief operating decision maker evaluates the Company’s operations from a number of different operational perspectives including, but not limited to, a property-by-property basis and by tenant or operator. The Company derives all significant revenues from a single reportable operating segment of business, healthcare real estate, regardless of the type (seniors housing, medical office, etc.) or ownership structure (leased or managed). Accordingly, the Company does not report segment information; nevertheless, management periodically evaluates whether the Company continues to have one single reportable segment of business.
Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interest – The Company classifies redeemable equity securities in accordance with Accounting Standard Update (“ASU”) No. 2009-04, “Liabilities (Topic 480): Accounting for Redeemable Equity Instruments,” which requires that equity securities redeemable at the option of the holder be classified outside of permanent stockholders’ equity. The Company classifies redeemable equity securities as redeemable noncontrolling interest within the accompanying consolidated balance sheets and consolidated statements of stockholders’ equity and redeemable noncontrolling interest. The Company evaluates the probability that these equity securities will become redeemable at each reporting period and, if determined probable, the Company measures the redemption value and records an adjustment to the carrying value of the equity securities as a component of redeemable noncontrolling interest.
Promoted Interest	Promoted Interest – The Company accounts for promoted interests with third-party developers in a manner similar to redeemable noncontrolling interests discussed above. The Company records the initial carrying value of the promoted interest at its issuance date fair value. Subsequently, as the completed developments stabilize and it becomes probable that the promoted interest thresholds will be met, the Company records a liability equal to the estimated redemption value at the end of each reporting period based on the conditions that exist as of the balance sheet date. In connection with the measurement of this liability, the Company records, as a reduction to capital in excess of par value, an amount equal to the difference between the promoted interests’ carrying value and the consideration paid or payable.
Acquisition Fees and Expenses	Acquisition Fees and Expenses — Acquisition fees, including investment services fees and expenses associated with transactions deemed to be business combinations (including investment transactions that are no longer under consideration), are expensed as incurred. Acquisition fees and expenses associated with making loans and with transactions deemed to be an asset purchase are capitalized. The following table summarizes the Company’s acquisition fees and expenses for the years ended December 31, 2016, 2015 and 2014 (in millions): December 31, 2016 2015 2014 Capitalized as real estate under development $ 0.2 $ 4.2 $ 3.4 Acquisition costs expensed 1.0 21.5 23.9 Total acquisition costs incurred $ 1.2 $ 25.7 $ 27.3
Income Taxes	Income Taxes — The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended and related regulations beginning with the year ended December 31, 2012. In order to be taxed as a REIT, the Company is subject to certain organizational and operational requirements, including the requirement to make distributions to its stockholders each year of at least 90% of its REIT taxable income (which is computed without regard to the dividends-paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). If the Company qualifies for taxation as a REIT, the Company generally will not be subject to U.S. federal income tax on income that the Company distributes as dividends. If the Company fails to quality as a REIT in any taxable year, the Company will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost, unless the Internal Revenue Service grants the Company relief under certain statutory provisions. Even if the Company qualifies for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and U.S. federal income and excise taxes on its undistributed income. The Company may also be subject to foreign taxes on investments outside of the U.S. based on the jurisdictions in which the Company conducts business. The Company has and will continue to form subsidiaries which may elect to be taxed as a TRS for U.S. federal income tax purposes. Under the provisions of the Internal Revenue Code and applicable state laws, a TRS will be subject to tax on its taxable income from its operations. The Company will account for federal and state income taxes with respect to a TRS using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities, the respective tax bases, operating losses and/or tax-credit carryforwards. Prior to the Company’s REIT election, it was subject to corporate federal and state income taxes. Prior to and including the year ended December 31, 2011, the Company did not have earnings. The tax years from 2011 to 2015
Investments in Unconsolidated Entities	Investment in Unconsolidated Entity — The Company accounts for its investment in an unconsolidated joint venture under the equity method of accounting as the Company exercises significant influence, but does not maintain a controlling financial interest over these entities. The investment is recorded initially at cost and subsequently adjusted for cash contributions, distributions and equity in earnings (loss) of the unconsolidated entity. Based on the joint venture’s structure and any preference the Company receives on distributions and liquidation, the Company records its equity in earnings (loss) of the unconsolidated entity under the HLBV method of accounting. Under this method, the Company recognizes income or loss in each period as if the net book value of the assets in the venture were hypothetically liquidated at the end of each reporting period pursuant to the provisions of the joint venture agreement. In any given period, the Company could be recording more or less equity in earnings (loss) than actual cash distributions received or an investment balance that is more or less than what the Company may receive in the event of an actual liquidation. The Company determines whether distributions are classified as returns on investment or returns of investment based on the nature of the distribution. The Company’s investment in the unconsolidated entity was accounted for as an asset acquisition in which acquisition fees and expenses were capitalized as part of the basis in the investment in unconsolidated entity. These capitalized acquisition fees and expenses create an outside basis difference that are allocated to the assets of the investee and, if assigned to depreciable or amortizable assets, the basis differences are then amortized as a component of equity in earnings (loss) of unconsolidated entities.
Adopted Accounting Pronouncements	Adopted Accounting Pronouncements — In February 2015, the FASB issued ASU 2015-02, “Amendments to the Consolidation Analysis,” which requires amendments to both the VIE and voting models. The amendments (i) modify the identification of variable interests (fees paid to a decision maker or service provider), the VIE characteristics for a limited partnership or similar entity and primary beneficiary determination under the VIE model, and (ii) eliminate the presumption within the current voting model that a general partner controls a limited partnership or similar entity. The new guidance is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2015 with early adoption permitted. The amendments may be applied using either a modified retrospective or full retrospective approach. The Company retrospectively adopted ASU 2015-02 on January 1, 2016; the adoption of which modified the Company’s identification and conclusions for certain entities from variable interest entities to voting interest entities and resulted in the removal of the required disclosures related to those entities, but did not have a material impact to the Company’s consolidated financial position, results of operations or cash flows as the Company’s consolidation determinations for all of its VIEs remained unchanged. In April 2015, the FASB issued ASU 2015-03, “Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs,” which requires that loan costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts or premiums. The new guidance is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2015 with early adoption permitted. The ASU is to be applied retrospectively for each period presented. Upon adoption, an entity is required to comply with the applicable disclosures for a change in an accounting principle. The FASB subsequently issued ASU 2015-15, “Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements,” which clarifies that, given the absence of authoritative guidance in ASU 2015-03 regarding presentation and subsequent measurement of loan costs related to line-of-credit arrangements, the SEC Staff would not object to an entity deferring and presenting loan costs as an asset and subsequently amortizing the loan costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The Company adopted ASU 2015-03 on January 1, 2016; the adoption of which impacted the Company’s presentation of its consolidated financial position but did not have a material impact on the Company’s consolidated results of operations or cash flows. Accordingly, the Company has retrospectively adjusted the presentation of loan costs for all periods presented. The following table provides additional details by financial statement line item of the adjusted presentation in the Company’s consolidated balance sheet as of December 31, 2015 (in thousands): As Filed December 31, Adjusted December 31, 2015 Adjustments 2015 Other assets $ 21,302 $ 2,032 $ 23,334 Loan costs, net $ 14,358 $ (14,358 ) $ — Mortgages and other notes payable, net $ 840,435 $ (8,610 ) $ 831,825 Credit facilities $ 660,000 $ (3,716 ) $ 656,284 2. Summary of Significant Accounting Policies (continued) In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments,” which requires an acquirer to recognize provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The new guidance is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2015 with early adoption permitted. The Company adopted ASU 2015-16 on January 1, 2016; the adoption of which did not have a material impact to its consolidated financial position, results of operations or cash flows.
Recent Accounting Pronouncements	Recent Accounting Pronouncements — In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers,” as a new ASC topic (Topic 606). The core principle of this ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU further provides guidance for any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, lease contracts). The FASB subsequently issued ASU 2015-14 to defer the effective date of ASU 2014-09 until annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, with earlier adoption permitted. In addition, in December 2016, the FASB issued ASU 2016-20, which provides technical corrections and improvements to ASC 606 based on questions that stakeholders have raised while working through the implementation. ASC 606 can be adopted using one of two retrospective transition methods: (i) retrospectively to each prior reporting period presented or (ii) as a cumulative-effect adjustment as of the date of adoption. The Company continues to develop and execute on its implementation plan for ASC 606 and is in the process of finalizing its assessment of the impact that adoption will have on the Company’s consolidated financial statements; specifically, as it relates to non-lease components of revenue and the impact adoption of ASC 606 could have on the Company’s consolidated results of operations and cash flows. As such, the Company has not yet selected a transition method for adoption on January 1, 2018. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842): Accounting for Leases,” which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The ASU requires lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by all leases with terms of more than 12 months. The ASU further modifies lessors’ classification criteria for leases and the accounting for sales-type and direct financing leases. The ASU will also require qualitative and quantitative disclosures designed to give financial statement users additional information on the amount, timing, and uncertainty of cash flows arising from leases. The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2018 with early adoption permitted. The ASU is to be applied using a modified retrospective approach. The Company expects to early adopt this ASU on January 1, 2018 and that adoption will impact the Company’s consolidated financial statements; specifically, as it relates to arrangements in which the Company is the lessee and the required presentation of ground and air rights leases in its consolidated financial position. However, as it relates to arrangement in which the Company is the lessor, the Company does not expect the adoption of this ASU to have a material impact on the Company’s consolidated results of operations or cash flows. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which will make eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The ASU further clarifies how the predominance principle should be applied to cash receipts and payments relating to more than one class of cash flows. The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2017. The ASU is to be applied retrospectively for each period presented. The Company has determined that it will early adopt this ASU on January 1, 2017 and that adoption will not materially impact the presentation of the Company’s consolidated cash flows. In October 2016, the FASB issued ASU 2016-17, “Consolidation (Topic 810): Interests Held Through Related Parties that are under Common Control,” which requires an entity to consider its indirect interests held by related parties that are under common control on a proportionate basis when evaluating whether the entity is a primary beneficiary of a VIE. The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2016. The Company will adopt this ASU on January 1, 2017 and has determined that adoption will not materially impact the presentation of the Company’s consolidated financial position, results of operations or cash flows. 2. Summary of Significant Accounting Policies (continued) In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash,” which modifies the presentation of the statement of cash flows and requires reconciliation to the overall change in the total of cash, cash equivalents, restricted cash and restricted cash equivalents. As a result, the statement of cash flows will no longer present transfers between cash and cash equivalents and restricted cash and restricted cash equivalents. The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2017. The ASU is to be applied retrospectively for each period presented. The Company has determined that it will early adopt this ASU on January 1, 2017 and that adoption will not materially impact the presentation of the Company’s consolidated cash flows. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business,” which clarifies the definition of a business and provides a framework by which to evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2017. The ASU is to be applied prospectively for each period presented. The Company expects to early adopt this ASU on January 1, 2017 and that adoption will not materially impact the Company’s consolidated financial position, results of operations and cash flows as its acquisition activity is expected to be limited.

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Acquisition Fees and Expenses	The following table summarizes the Company’s acquisition fees and expenses for the years ended December 31, 2016, 2015 and 2014 (in millions): December 31, 2016 2015 2014 Capitalized as real estate under development $ 0.2 $ 4.2 $ 3.4 Acquisition costs expensed 1.0 21.5 23.9 Total acquisition costs incurred $ 1.2 $ 25.7 $ 27.3
Schedule of Adjusted Consolidated Balance Sheet	The following table provides additional details by financial statement line item of the adjusted presentation in the Company’s consolidated balance sheet as of December 31, 2015 (in thousands): As Filed December 31, Adjusted December 31, 2015 Adjustments 2015 Other assets $ 21,302 $ 2,032 $ 23,334 Loan costs, net $ 14,358 $ (14,358 ) $ — Mortgages and other notes payable, net $ 840,435 $ (8,610 ) $ 831,825 Credit facilities $ 660,000 $ (3,716 ) $ 656,284

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2016
Acquisitions of Properties	Real Estate Investment Properties — During the year ended December 31, 2016, the Company acquired the following post-acute care facility: Date Purchase Price Name and Location Structure Acquired (in thousands) Post-Acute Care Cobalt Rehabilitation Hospital New Orleans Triple-net Lease 10/19/2016 $ 28,588 New Orleans, LA $ 28,588 During the year ended December 31, 2015, the Company acquired the following 39 properties, which were comprised of 15 senior housing communities, 22 MOBs, one post-acute care facility and one acute care hospital as follows: Date Purchase Price Name and Location Structure Acquired (in thousands) Acute care Triangle Orthopaedic North Carolina Specialty Hospital Modified Lease 6/29/2015 $ 31,830 Durham, NC Medical Office Novi Orthopaedic Center Modified Lease 2/13/2015 30,500 (1) Novi, MI Southeast Medical Office Properties UT Cancer Institute Building Modified Lease 2/20/2015 33,660 Knoxville, TN Bend Memorial Clinic MOB Modified Lease 5/11/2015 36,000 (1) Bend, OR Stoneterra Medical Plaza Modified Lease 5/29/2015 15,050 (1) San Antonio, TX Triangle Orthopaedic Triangle Orthopaedic Durham Modified Lease 6/29/2015 21,275 Durham, NC Triangle Orthopaedic Oxford Modified Lease 6/29/2015 4,728 Oxford, NC Triangle Orthopaedic Chapel Hill Modified Lease 6/29/2015 3,258 Chapel Hill, NC Triangle Orthopaedic Roxboro Modified Lease 6/29/2015 2,067 Roxboro, NC Doctor's Park Doctor's Park Building B Modified Lease 6/30/2015 5,000 (1) Chula Vista, CA ("San Diego") Doctor's Park Building C Modified Lease 6/30/2015 10,000 (1) Chula Vista, CA ("San Diego") 540 New Waverly Place Modified Lease 7/20/2015 15,000 (1) Cary, NC ("Raleigh") MedHelp Modified Lease 7/31/2015 15,000 (1) Birmingham, AL Date Purchase Price Name and Location Structure Acquired (in thousands) Maryland MOBs Patriot Professional Center Modified Lease 7/31/2015 16,950 (1) Frederick, MD ("Baltimore") Liberty Professional Center Modified Lease 7/31/2015 7,300 (1) Frederick, MD ("Baltimore") Columbia MOBs Broadway Medical Plaza 1 Modified Lease 8/21/2015 10,700 (1) Columbia, MO Broadway Medical Plaza 2 Modified Lease 8/21/2015 13,100 (1) Columbia, MO Broadway Medical Plaza 4 Modified Lease 8/21/2015 14,200 (1) Columbia, MO Center One Modified Lease 11/30/2015 34,362 (1) Jacksonville, FL Red Bank Professional Office Building Modified Lease 12/14/2015 10,610 (1) Cincinnati, OH Henderson NV MOBs Siena Pavilion IV Modified Lease 12/18/2015 6,990 Henderson, NV ("Las Vegas") Siena Pavilion V Modified Lease 12/18/2015 27,859 Henderson, NV ("Las Vegas") Siena Pavilion VI Modified Lease 12/18/2015 19,474 Henderson, NV ("Las Vegas") Post-Acute Care Cobalt Rehabilitation Hospital Surprise Triple-net Lease 12/30/2015 23,660 (1) Surprise, AZ ("Phoenix") Seniors Housing Fieldstone Memory Care Managed 3/31/2015 12,400 (1) Yakima, WA Primrose III Communities Primrose Retirement Community of Anderson Triple-net Lease 5/29/2015 21,086 Anderson, IN ("Muncie") Primrose Retirement Community of Lancaster Triple-net Lease 5/29/2015 25,657 Lancaster, OH ("Columbus") Primrose Retirement Community of Wausau Triple-net Lease 5/29/2015 20,307 Wausau, WI ("Green Bay") Superior Residences of Panama City Managed 7/15/2015 20,000 (1) Panama City Beach, FL Southeast Seniors Housing Communities Parc at Duluth Triple-net Lease 7/31/2015 52,800 Duluth, GA ("Atlanta") Parc at Piedmont Triple-net Lease 7/31/2015 50,800 Marietta, GA ("Atlanta") The Pavilion at Great Hills Managed 7/31/2015 35,000 Austin, TX The Hampton at Meadows Place Managed 7/31/2015 28,400 Meadows Place, TX ("Houston") The Beacon at Gulf Breeze Managed 7/31/2015 28,000 Gulf Breeze, FL ("Pensacola") Date Purchase Price Name and Location Structure Acquired (in thousands) Palmilla Senior Living Managed 9/30/2015 47,600 Albuquerque, NM Cedar Lake Assisted Living and Memory Care Managed 9/30/2015 30,000 Lake Zurich, IL ("Chicago") The Shores of Lake Phalen Managed 11/10/2015 29,250 (1) Maplewood, MN ("St. Paul") Park Place Senior Living at WingHaven Managed 12/17/2015 54,000 O'Fallon, MO ("St. Louis") Hearthside Senior Living of Collierville Managed 12/29/2015 17,000 (1) Collierville, TN ("Memphis") $ 880,873 FOOTNOTE: (1) This represents a single property or portfolio acquisition that is not considered material to the Company and as such no pro forma financial information has been included related to this property.
Schedule of Purchase Price Allocation	The following summarizes the purchase price allocation for the above properties, and the estimated fair values of the assets acquired and liabilities assumed (in thousands): December 31, 2016 2015 Land and land improvements $ 3,283 $ 91,419 Buildings and building improvements 20,142 702,611 Furniture, fixtures and equipment — 11,746 Intangibles (1) 5,163 86,601 Other liabilities — (5,175 ) Liabilities assumed — (6,905 ) Assumed mortgage note payable (2) — (6,976 ) Net assets acquired 28,588 873,321 Contingent purchase price consideration — (6,481 ) Total purchase price consideration $ 28,588 $ 866,840 FOOTNOTES: (1) At the acquisition date, the weighted-average amortization period on the acquired lease intangibles for the years ended December 31, 2016 and 2015 were approximately 20.0 and 7.7 years, respectively. The acquired lease intangibles during the year ended December 31, 2016 were comprised of approximately $5.1 million and $0.1 million of in-place lease intangibles and other lease intangibles, respectively, and the acquired lease intangibles during the year ended December 31, 2015 were comprised of approximately $81.8 million and $4.8 million of in-place lease intangibles and other lease intangibles, respectively. (2) During the year ended December 31, 2015, the Company assumed a discount on a below-market mortgage note payable assumed of approximately $0.2 million at the acquisition date.
Schedule of Unaudited Proforma Results of Operations	The following table presents the unaudited pro forma results of operations for the Company as if the 2016 acquisition noted above was acquired as of January 1, 2015 and the unaudited pro forma results of operations for the Company as if each of the 2015 material acquisitions noted above were acquired as of January 1, 2014 (in thousands except per share data): Years ended December 31, (Unaudited) (Unaudited) (Unaudited) 2016 2015 2014 Total revenues $ 379,145 $ 348,684 $ 307,552 Net loss (1) $ (31,708 ) $ (70,864 ) $ (62,071 ) Loss per share of common stock (basic and diluted) $ (0.18 ) $ (0.42 ) $ (0.42 ) Weighted average number of shares of common stock outstanding (basic and diluted) (2) 175,121 170,735 148,443 FOOTNOTES: (1) Net loss for the years ended December 31, 2016 and 2015 was adjusted to exclude approximately $0.7 million and $11.3 million, respectively, of acquisition related expenses directly attributable to the properties acquired during the years ended December 31, 2016 and 2015. The unaudited pro forma results for the years ended December 31, 2015 and 2014 were adjusted to include these charges as if the properties were acquired on January 1, 2015 and 2014, respectively. (2) As a result of the properties acquired in 2015 being treated as operational since January 1, 2014, the Company assumed approximately 31.6 million additional shares were issued as of January 1, 2014. Consequently, the weighted average number of shares outstanding was adjusted to reflect this amount of shares being issued as of January 1, 2014, instead of actual dates on which the shares were issued, and such shares were treated as outstanding as of the beginning of the period presented. The property acquired in 2016 was assumed to be funded with cash on hand as of December 31, 2014.
Gain That Resulted From Change of Control in Equity Method Investment	The following summarizes the gain that resulted from the change of control in the equity method investment for the year ended December 31, 2014 (in thousands): Fair value of net assets acquired $ 10,129 Less: Previous investment in Montecito Joint Venture (5,747 ) Less: Cash paid to acquire co-venture partner's interest (1,584 ) Gain on purchase of controlling interest of investment in unconsolidated entity $ 2,798
Montecito Joint Venture
Schedule of Purchase Price Allocation	The following summarizes the allocation of the purchase price, and the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands): Land and land improvements $ 6,324 Buildings and building improvements 13,533 Intangibles (1) 2,691 Working capital, net 87 Other liabilities (175 ) Mortgage note payable assumed (2) (12,331 ) Net assets acquired $ 10,129 FOOTNOTES: (1) At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 5.1 years and was comprised of approximately $1.9 million and $0.8 million of in-place lease intangibles and other lease intangibles, respectively. (2) At the acquisition date, the fair value of the mortgage note payable assumed reflects an approximate $0.6 million discount on the below-market mortgage note payable assumed.

Real Estate Assets, net (Tables

Real Estate Assets, net (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate Properties [Line Items]
Schedule of Real Estate Investment Properties	The gross carrying amount and accumulated depreciation of the Company’s real estate assets as of December 31, 2016 and 2015 are as follows (in thousands): December 31, 2016 2015 Land and land improvements $ 238,121 $ 227,019 Building and building improvements 2,356,789 2,281,342 Furniture, fixtures and equipment 67,299 58,825 Less: accumulated depreciation (195,216 ) (115,648 ) Real estate investment properties, net 2,466,993 2,451,538 Real estate under development, including land 97,164 62,521 Total real estate assets, net $ 2,564,157 $ 2,514,059
Schedule of Real Estate Held for Sale	As of December 31, 2016 and 2015, real estate held for sale consisted of the following (in thousands): December 31, 2016 2015 Land and land improvements $ ― $ 2,027 Building and building improvements ― 15,994 Furniture, fixtures and equipment ― 1,776 Less: accumulated depreciation ― (1,159 ) Real estate held for sale, net $ ― $ 18,638
Under Development with Third-Party Developers
Real Estate Properties [Line Items]
Schedule of Real Estate Investment Properties	As of December 31, 2016, five of the Company’s seniors housing communities and one post-acute care facility have real estate under development or expansion projects with third-party developers as follows (in thousands): Property Name (and Location) Developer Real Estate Development Costs Incurred (1) (Unaudited) Remaining Development Budget (2) Development Properties Welbrook Senior Living Grand Junction (Grand Junction, CO) Embree Asset Group, Inc. $ 12,894 $ 1,888 Waterstone on Augusta (Greenville, SC) T&D Greenville, LLC 24,155 5,046 Wellmore of Lexington (Lexington, SC) Maxwell Group, Inc. 38,972 19,984 Dogwood Forest of Grayson (Grayson, GA) Solomon Development Services, LLC 17,345 12,933 Expansion Projects Tranquillity at Fredericktowne (Frederick, MD) Capital Health Partners 1,407 4,542 Brookridge Heights Assisted Living & Memory Care (Marquette, MI) Capital Health Partners 2,391 2,638 $ 97,164 $ 47,031 FOOTNOTES: (1) This amount represents land and total capitalized costs for GAAP purposes for the acquisition, development and construction of the seniors housing community or post-acute care facility as of December 31, 2016. Amounts include investment services fees, asset management fees, interest expense and other costs capitalized during the development period. (2) This amount includes preleasing and marketing costs which will be expensed as incurred. The development budgets include the cost of the land, construction costs, development fees, financing costs, start-up costs and initial operating deficits of the respective properties. Generally, the Company has delegated to an affiliate of the developer of the respective community the management and administration of the development and construction. In most cases, the developer is generally responsible for cost overruns beyond the approved development budget for the applicable project pursuant to a cost overrun guarantee. Some of these developments were deemed to be VIEs; refer to Note 7. “Variable Interest Entities” for additional information.

Intangibles, net (Tables)

Intangibles, net (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Net Book Value of Intangibles	The gross carrying amount and accumulated amortization of the Company’s intangible assets and liabilities as of December 31, 2016 and 2015 are as follows (in thousands): December 31, 2016 2015 In-place lease intangibles $ 225,246 $ 220,917 Above-market lease intangibles 13,974 13,960 Below-market ground lease intangibles 12,470 12,470 Less: accumulated amortization (120,188 ) (74,895 ) Intangible assets, net $ 131,502 $ 172,452 Below-market lease intangibles $ (12,060 ) $ (12,095 ) Above-market ground lease intangibles (3,488 ) (3,488 ) Less: accumulated amortization 4,247 2,581 Intangible liabilities, net (1) $ (11,301 ) $ (13,002 ) FOOTNOTE: (1) Intangible liabilities, net are included in other liabilities in the accompanying consolidated balance sheets.
Schedule of Estimated Future Amortization and Weighted Average Remaining Useful Life	The estimated future amortization on the Company’s intangibles for each of the next five years and thereafter, in the aggregate, as of December 31, 2016 is as follows (in thousands): In-place Lease Intangibles Above- market Leases Below- market Ground Leases Total Assets Below- market Leases Above- market Ground Leases Total Liabilities 2017 $ 29,222 1,741 320 $ 31,283 $ 1,396 89 $ 1,485 2018 17,749 1,569 320 19,638 1,254 89 1,343 2019 12,499 1,269 320 14,088 1,094 89 1,183 2020 10,481 1,059 320 11,860 866 89 955 2021 9,312 976 320 10,608 750 89 839 Thereafter 31,755 2,194 10,076 44,025 2,633 2,863 5,496 $ 111,018 8,808 11,676 $ 131,502 $ 7,993 3,308 $ 11,301 Weighted average remaining useful life as of December 31, 2016 (in years): In-place Lease Intangibles Above- market Leases Below- market Ground Leases Below- market Leases Above- market Ground Leases 4.3 5.2 36.6 4.9 37.1

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Schedule of Future Minimum Lease Payments to be Received Under Non-Cancellable Operating Leases	The following are future minimum lease payments to be received under non-cancellable operating leases for the next five years and thereafter, as of December 31, 2016 (in thousands): 2017 $ 120,086 2018 112,757 2019 103,959 2020 96,167 2021 91,606 Thereafter 437,557 $ 962,132

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Aggregate Carrying Amount and Major Classifications of Consolidated Assets	The aggregate carrying amount and major classifications of the consolidated assets that can be used to settle obligations of the VIEs and liabilities of the consolidated VIEs that are non-recourse to the Company as of December 31, 2016 and 2015 are as follows (in thousands): December 31, 2016 2015 Assets: Real estate investment properties, net $ 112,929 $ 103,691 Real estate under development, including land $ 80,473 $ 58,994 Intangibles, net $ 2,891 $ 4,015 Cash $ 916 $ 3,904 Deferred rent and lease incentives $ 3,061 $ 3,096 Other assets $ 1,130 $ 1,000 Restricted cash $ 20 $ 974 Liabilities: Mortgages and other notes payable, net $ 104,890 $ 85,093 Accounts payable and accrued liabilities $ 1,461 $ 743 Accrued development costs $ 15,369 $ 10,669 Other liabilities $ 976 $ 1,387 Due to related parties $ 107 $ 136

Ground and Air Rights Leases (T

Ground and Air Rights Leases (Tables)	12 Months Ended
	Dec. 31, 2016
Schedule of Future Minimum Lease Payments to be Received Under Non-Cancellable Operating Leases	The following are future minimum lease payments to be received under non-cancellable operating leases for the next five years and thereafter, as of December 31, 2016 (in thousands): 2017 $ 120,086 2018 112,757 2019 103,959 2020 96,167 2021 91,606 Thereafter 437,557 $ 962,132
Ground and Air Rights Leases
Schedule of Future Minimum Lease Payments to be Received Under Non-Cancellable Operating Leases	The following is a schedule of future minimum lease payments to be paid under the ground and air rights leases for each of the next five years and thereafter, in the aggregate, as of December 31, 2016 (in thousands): 2017 $ 1,984 2018 2,016 2019 2,039 2020 2,061 2021 2,092 Thereafter 111,467 $ 121,659

Contingent Purchase Price Con38

Contingent Purchase Price Consideration (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value of Contingent Purchase Price Consideration	The following table provides a roll-forward of the fair value of the Company’s aggregate contingent purchase price consideration for the years ended December 31, 2016, 2015 and 2014: Year Ended December 31, 2016 Property Beginning asset (liability) as of December 31, 2015 Contingent Consideration Payment (Receipt) Change in Fair Value Contingent Consideration in Connection with Acquisition Ending asset (liability) as of December 31, 2016 Superior Residences of Panama City (1) $ (3,000) ― (1,000) ― (4,000) The Shores of Lake Phalen (2) (750) ― 750 ― ― Siena Pavilion VI (3) (3,750) 2,992 113 ― (645) Center One (4) 1,019 (367) 427 ― 1,079 $ (6,481) 2,625 290 ― (3,566) Year Ended December 31, 2015 Property Beginning asset (liability) as of December 31, 2014 Contingent Consideration Payment (Receipt) Change in Fair Value Contingent Consideration in Connection with Acquisition Ending asset (liability) as of December 31, 2015 Capital Health (5) $ 4,078 (4,399) 321 ― ― Medical Portfolio I (6) (268) ― 268 ― ― Superior Residences of Panama City (1) ― ― ― (3,000) (3,000) The Shores of Lake Phalen (2) ― ― ― (750) (750) Siena Pavilion VI (3) ― ― ― (3,750) (3,750) Center One (4) ― ― ― 1,019 1,019 $ 3,810 (4,399) 589 (6,481) (6,481) Year Ended December 31, 2014 Property Beginning asset (liability) as of December 31, 2013 Contingent Consideration Payment (Receipt) Change in Fair Value Contingent Consideration in Connection with Acquisition Ending asset (liability) as of December 31, 2014 Capital Health (5) $ 4,488 (2,601) 2,191 ― 4,078 Medical Portfolio I (6) (507) ― 239 ― (268) South Bay II Communities (7) ― 14,195 (1,800) (12,395) ― $ 3,981 11,594 630 (12,395) 3,810 FOOTNOTES: (1) In connection with the purchase of Superior Residences of Panama City, the Company entered into an earn-out agreement with the seller whereby up to $4 million in additional consideration is owed in the event that certain performance targets are met (“Panama City Earn-Out”) during the immediate 36 months post-closing. (2) In connection with the purchase of Shores of Lake Phalen, the Company entered into an earn-out agreement with the seller whereby up to $0.8 million in additional consideration was owed in the event that certain net operating income targets are met (“Shores of Lake Phalen Earn-Out”) during the immediate 12 months post-closing. (3) In conjunction with the acquisition of Siena Pavilion VI, the Company entered into an earn-out agreement with the seller whereby up to $3.3 million in additional consideration and $0.5 million of additional tenant improvements are owed in the event that the seller is able to lease-up additional space at the property during the immediate 6 months post-closing (“Siena Pavilion VI Earn-Out”). (4) In connection with the purchase of Center One, the Company required that approximately $2.8 million of the purchase price be placed in an escrow account as the seller provided a rent guarantee to the Company in connection with two seller leased spaces at the property for a term equal to the earlier of five years or at such time as a suitable replacement tenant can be found (“Center One Rent Guarantee”). (5) In connection with the acquisition of the Capital Health Communities in 2012, the Company required that approximately $7.0 million of the purchase price be placed in an escrow account as the seller guaranteed the Company an annual return of at least $6.9 million, $7.0 million, and $7.1 million of net operating income on the acquired properties during 2013, 2014 and 2015, respectively (“Capital Health Yield Guaranty”). As of December 31, 2015 the Company had received the maximum amount of $7.0 million available under the Capital Health Yield Guaranty. (6) During 2013, in conjunction with the acquisition of Medical Portfolio I, the Company entered into an earn-out agreement with the seller related to Cleveland Clinic, the tenant at Chestnut Commons, whereby the tenant maintains an exercisable right to expand the leased space by an additional 10,000 square feet within 24 months of the property acquisition closing (“Chestnut Commons Earn-Out”). The Chestnut Commons Earn-Out fee was equal to (a) the base rent due for the first full year of the lease applicable to the expansion space divided by 8% minus (b) the costs incurred by the Company in connection with the exercise by Cleveland Clinic of its option for the expansion space, including tenant improvement costs, multiplied by 50%. The Chestnut Commons Earn-Out expired in August 2015. (7) In conjunction with the acquisition of the South Bay II Communities, the Company entered into an agreement with the sellers whereby the purchase price is adjusted in the event that certain net operating income targets are met. The additional consideration was determined within three months of the acquisition date and is equal to (a) the baseline net operating income divided by the baseline capitalization rates (as defined in the purchase and sale agreement) less (b) the purchase price paid at closing.

Indebtedness (Tables)

Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Details of Indebtedness	The following table provides details of the Company’s indebtedness as of December 31, 2016 and 2015 (in thousands): December 31, 2016 2015 Mortgages payable and other notes payable: Fixed rate debt $ 382,129 $ 391,639 Variable rate debt (1) 561,874 449,017 Mortgages and other notes payable (2) 944,003 840,656 Premium (discount), net (3) (67 ) (221 ) Loan costs, net (7,213 ) (8,610 ) Total mortgages and other notes payable, net 936,723 831,825 Credit facilities: Revolving Credit Facility (4) (5) 194,863 225,000 First Term Loan Facility (1) 175,000 175,000 Second Term Loan Facility (5) 275,000 260,000 Loan costs, net related to Term Loan Facilities (2,874 ) (3,716 ) Total credit facilities, net 641,989 656,284 Total borrowings $ 1,578,712 $ 1,488,109 FOOTNOTES: (1) As of December 31, 2016 and 2015, the Company had entered into interest rate swaps with notional amounts of approximately $521.5 million and $480.7 million, respectively, which were settling on a monthly basis. In addition, as of December 31, 2015, the Company had entered into forward-starting interest rate swaps for total notional amounts of approximately $48.4 million in order to hedge its exposure to variable rate debt beginning in June 2016. Refer to Note 12. “Derivative Financial Instruments” for additional information. (2) As of December 31, 2016 and 2015, the Company’s mortgages and other notes payable are collateralized by 75 and 65 properties, respectively, with total carrying value of approximately $1.6 billion and $1.4 billion, respectively. (3) Premium (discount), net is reflective of the Company recording mortgage note payables assumed at fair value on the respective acquisition dates. (4) As of December 31, 2016 and 2015, the Company had undrawn availability under the Revolving Credit Facility of approximately $11.1 million and $20.0 million, respectively, based on the value of the properties in the unencumbered pool of assets supporting the loan.
Schedule of Maturities of Indebtedness	The following is a schedule of future principal payments and maturity for the Company’s total borrowings as of December 31, 2016 (in thousands): 2017 $ 263,756 2018 288,938 2019 478,632 2020 400,696 2021 39,489 Thereafter 117,288 $ 1,588,799
Schedule of Fair Market Value and Carrying Value of Indebtedness	The following table provides the details of the fair market value and carrying value of the Company’s indebtedness as of December 31, 2016 and 2015 (in millions): December 31, 2016 December 31, 2015 Fair Value Carrying Value Fair Value Carrying Value Mortgages and other notes payable, net $ 943.4 $ 936.7 $ 844.6 $ 831.8 Credit facilities $ 644.9 $ 642.0 $ 660.0 $ 656.3
Schedule of Indebtedness	The following table provides additional details of the Company’s mortgages and other notes payable as of December 31, 2016 and 2015 (in thousands): Property and Loan Type Interest Rate at Payment Terms Maturity Date (2) December 31, December 31, 2016 (1) 2016 2015 Pacific Northwest Communities; Mortgage Loan (3) 4.30% per annum Monthly principal and interest payments based on a 25-year amortization schedule 12/5/18 $ 205,197 $ 210,665 Capital Health Communities; Mortgage Loan 4.25% per annum Monthly principal and interest payments based on a 25-year amortization schedule 1/5/20 36,395 37,889 Primrose II Communities; Mortgage Loan 3.81% per annum Monthly principal and interest payments based on a 30-year amortization schedule 6/1/20 22,017 22,473 Novi Orthopaedic Center; Mortgage Loan 3.61% per annum Monthly interest only payments through June 2018; principal and interest payments thereafter based on a 25-year amortization schedule 6/15/20 19,825 19,825 ProMed Medical Building I; Mortgage Loan 3.64% per annum (4) Monthly principal and interest payments based upon a 25-year amortization schedule 1/15/22 6,865 7,050 Primrose I Communities; Mortgage Loan (5) 4.11% per annum Monthly principal and interest payments based on a 30-year amortization schedule 9/1/22 51,000 52,048 Watercrest at Mansfield; Mortgage Loan (6) 4.68% per annum Monthly principal and interest payments based on a total payment of $143,330 6/1/23 26,165 26,628 540 New Waverly Place; Mortgage Loan (7) 4.08% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 5/31/28 6,868 7,048 LaPorte Cancer Center; Mortgage Loan 4.25% per annum (through 2020) Monthly principal and interest payments based on a 25-year amortization schedule 6/14/28 7,797 8,013 Total fixed rate debt 382,129 391,639 Lee Hughes Medical Building; Mortgage Loan 30-day LIBOR plus 1.85% per annum Monthly principal and interest payments based on a 30-year amortization schedule 9/5/17 18,102 18,632 10. Indebtedness (continued) Property and Loan Type Interest Rate at Payment Terms Maturity Date (2) December 31, December 31, 2016 (1) 2016 2015 Raider Ranch Development; Construction Loan (8) (8) (8) $ ― $ 7,528 Northwest Medical Park; Mortgage Loan (9) 30-day LIBOR plus 2.30% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 10/31/17 6,886 7,008 Watercrest at Katy; Construction Loan 30-day LIBOR plus 2.75% per annum Monthly interest only payments through December 2017 12/27/17 24,047 10,632 Claremont Medical Office; Mortgage Loan (10) 30-day LIBOR plus 2.60% per annum Monthly principal and interest payments based on a 30-year amortization schedule 1/16/18 12,478 12,683 Knoxville Medical Office Properties; Mortgage Loan (11) 30-day LIBOR plus 2.50% per annum Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule 7/10/18 37,491 38,087 Calvert Medical Office Properties; Mortgage Loan (12) 30-day LIBOR plus 2.50% per annum Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule 8/29/18 25,546 25,950 Wellmore of Tega Cay; Construction Loan (13) (13) (13) ― 23,695 MHOSH MOB; Mortgage Loan (14) 90-day LIBOR plus 2.85% at 0.4% LIBOR floor Monthly principal and interest payments based on a 25-year amortization schedule 6/2/19 47,983 48,832 Medical Portfolio II Properties; Mortgage Loan (15) 90-day LIBOR plus 2.35% at 0.25% LIBOR floor Monthly principal and interest payments based on a 25-year amortization schedule 7/14/19 81,365 83,295 HarborChase of Shorewood; Construction Loan 30-day LIBOR plus 3.0% Monthly interest only payments through June 2017; principal and interest payments thereafter based on a 25-year amortization schedule 7/15/19 14,755 12,469 Wellmore of Lexington; Construction Loan 30-day LIBOR plus 2.5% per annum Monthly interest only payments through September 2019 9/13/19 13,542 ― 10. Indebtedness (continued) Property and Loan Type Interest Rate at Payment Terms Maturity Date (2) December 31, December 31, 2016 (1) 2016 2015 Southeast Medical Office Properties; Mortgage Loan (16) 30-day LIBOR plus 2.0% per annum Monthly principal and interest payments based on a 25-year amortization schedule 12/22/19 $ 155,090 $ 160,206 Palmilla Senior Living; Mortgage Loan 30-day LIBOR plus 2.0% per annum Interest only payments through April 2017; principal payments thereafter based on a 30-year amortization schedule 3/22/20 27,000 ― Waterstone on Augusta; Construction Loan 30-day LIBOR plus 3.0% per annum Monthly interest only payments through September 2018; principal payments thereafter based on a 30-year amortization schedule 9/1/20 12,698 ― Fieldstone at Pear Orchard; Construction Loan 30-day LIBOR plus 2.9% per annum Monthly interest only payments through September 2018; principal payments thereafter based on a 25-year amortization schedule 10/15/20 8,861 ― Dogwood Forest of Grayson; Construction Loan 30-day LIBOR plus 3.0% per annum Monthly interest only payments through December 2018; principal payments thereafter based on a 30-year amortization schedule 12/1/20 3,351 ― Triangle Orthopaedic; Mortgage Loan 30-day LIBOR plus 2.25% per annum Interest only payments through March 2017; principal payments thereafter based on a 30-year amortization schedule 4/11/21 37,800 ― Cobalt Rehabilitation Hospital Surprise; Mortgage Loan 30-day LIBOR plus 2.6% per annum at 0.4% LIBOR floor Monthly interest only payments through May 2017; principal payments thereafter based on a 25-year amortization schedule 5/19/22 15,379 ― Cobalt Rehabilitation Hospital New Orleans; Mortgage Loan 30-day LIBOR plus 2.45% per annum at 0.55% LIBOR floor Monthly interest only payments through October 2017; principal payments thereafter based on a 25-year amortization schedule 10/19/22 19,500 ― Total variable rate debt 561,874 449,017 Total debt $ 944,003 $ 840,656 FOOTNOTES: (1) The 30-day and 90-day LIBOR were approximately 0.77% and 1.00%, respectively, as of December 31, 2016 and approximately 0.43% and 0.61%, respectively, as of December 31, 2015. (2) Represents the initial maturity date (or, as applicable, the maturity date as extended). Certain of the Company’s mortgages and other notes payable agreements include extension options held by the Company under which the maturity dates may be extended beyond the date presented, subject to certain lender conditions and/or related fees. (3) The Pacific Northwest Loan may be prepaid, in whole or in part, with a prepayment premium equal to the greater of: (i) one percent (1%) of the principal amount being prepaid, multiplied by the quotient of the number of full months remaining until the maturity date of the loan (calculated as of the prepayment date) divided by the number of full months comprising the term of the loan; or (b) a “make-whole” payment equal to the present value of the loan less the amount of principal and accrued interest being prepaid calculated as of the prepayment date for the period between that date and the maturity date. (4) Beginning January 2020, the interest rate transitions to variable rate based on 30-day LIBOR plus 2.20% per annum. 10. Indebtedness (continued) (5) If prepaid prior to March 1, 2022, the Primrose I Communities Mortgage Loan is subject to a prepayment penalty in an amount equal to the greater of (i) 1% of the principal being repaid, or (ii) an amount calculated on the principal being repaid, multiplied by the difference between the Primrose I Communities Mortgage Loan interest rate, and a calculated yield rate tied to the rates on applicable U.S. Treasuries. If prepayment is made between March 1, 2022, and May 31, 2022, the prepayment penalty will be 1% of the outstanding principal balance of the Primrose I Communities Mortgage Loan. No prepayment fee is required if the Primrose I Communities Mortgage Loan is prepaid between June 1, 2022 and maturity. Partial prepayment of a loan is not permitted. The loan is transferable upon sale of the assets subject to lender approval. (6) The balance for this loan excludes a remaining premium of $0.3 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date. (7) The balance for this loan excludes a remaining premium of $0.1 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date. (8) In August 2016, the Company repaid its $9.7 million outstanding construction loan on the Raider Ranch property prior to its scheduled maturity. In connection therewith, the Company wrote-off approximately $0.1 million of unamortized loan costs as a loss on extinguishment of debt, which is included interest expense and loan amortization in the accompanying consolidated statements of operations for the year ended December 31, 2016. (9) The Company entered into an interest rate swap with a remaining notional amount of $6.9 million; see Note 12. “Derivative Financial Instruments” for additional information (10) The balance for this loan excludes a remaining discount of $0.2 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date. In addition, the Company entered into a three-year forward interest rate swap with a remaining notional amount of $12.1 million; see Note 12. “Derivative Financial Instruments” for additional information. (11) The Company entered into an interest rate swap with a remaining notional amount of $37.4 million; see Note 12. “Derivative Financial Instruments” for additional information. (12) The Company entered into an interest rate swap with a remaining notional amount of $25.5 million; see Note 12. “Derivative Financial Instruments” for additional information. (13) In August 2016, the Company repaid its $24.7 million outstanding construction loan on the Wellmore of Tega Cay property prior to its scheduled maturity. In connection therewith, the Company wrote-off approximately $0.3 million of unamortized loan costs and paid an exit fee of approximately $1.1 million as a loss on extinguishment of debt. Both the unamortized loan costs and the exit fee are included in interest expense and loan cost amortization in the accompanying consolidated statements of operations for the year ended December 31, 2016. (14) The Company entered into a three-year forward interest rate swap with a remaining notional amount of $48.0 million; see Note 12. “Derivative Financial Instruments” for additional information. (15) The Company entered into an interest rate swap with a remaining notional amount of $82.4 million; see Note 12. “Derivative Financial Instruments” for additional information. (16) The Company entered into an interest rate swap with a remaining notional amount of $134.3 million; see Note 12. “Derivative Financial Instruments” for additional information.

Related Party Arrangements (Tab

Related Party Arrangements (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Arrangement, Fees and Expenses Incurred By, Reimbursable, Settled and Paid	The expenses and fees incurred by and reimbursable to the Company’s related parties for the years ended December 31, 2016, 2015 and 2014, and related amounts unpaid as of December 31, 2016 and 2015 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2016 2015 2014 2016 2015 Reimbursable expenses: Offering costs (2) $ — $ 3,446 $ 5,151 $ — $ 32 Operating expenses (3) 5,966 5,214 3,863 1,072 935 Acquisition fees and expenses 104 613 614 3 12 6,070 9,273 9,628 1,075 979 Investment services fees (4) 739 18,561 18,553 17 182 Disposition fee (5) 343 — — — — Financing coordination fees (6) — — 220 — — Property management fees (7) 5,059 3,894 2,982 417 418 Asset management fees (8) 29,121 22,837 13,612 1,956 224 $ 41,332 $ 54,565 $ 44,995 $ 3,465 $ 1,803 FOOTNOTES: (1) Amounts are recorded as due to related parties in the accompanying consolidated balance sheets. (2) Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders’ equity and redeemable noncontrolling interest. Amounts include approximately $25,000 and $30,000 of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the year ended December 31, 2015 and 2014, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges. (3) Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations. Amounts include approximately $0.1 million, $0.1 million and $0.2 million of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2016, 2015 and 2014, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges. 11. Related Party Arrangements (continued) (4) For the year ended December 31, 2016, the Company incurred approximately $0.7 million in investment services fees of which approximately $0.2 million, was capitalized and included in real estate under development in the accompanying consolidated balance sheets. For the year ended December 31, 2015, the Company incurred approximately $18.6 million in investment service fees of which approximately $2.3 million was capitalized and included in real estate under development. For the year ended December 31, 2014, the Company incurred approximately $18.6 million in investment service fees of which approximately $1.8 million was capitalized and included in real estate under development. Investment service fees, that are not capitalized, are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations. (5) Amounts are recorded as a reduction to gain on sale of real estate in the accompanying consolidated statements of operations. (6) For the year ended December 31, 2014, the Company incurred approximately $0.2 million in financing coordination fees, which was capitalized and included in its investment in the Windsor Manor Joint Venture. There were no financing coordination fees for the years ended December 31, 2016 and 2015. (7) For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $5.1 million, $3.9 million and $2.9 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $0.9 million, $0.7 million and $0.9 million, respectively, in construction management fees were capitalized and included in real estate under development in the accompanying consolidated balance sheets. (8) For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $29.1 million, $22.9 million and $13.6 million, respectively, in asset management fees payable to the Advisor of which approximately $2.9 million, $4.4 million and $4.9 million, respectively, were settled in accordance with the terms of the Advisor Expense Support Agreement and approximately $0.8 million, $0.6 million and $0.3 million, respectively, were capitalized and included in real estate under development in the accompanying consolidated balance sheets.
Public Offering | Managing Dealer
Related Party Arrangement, Fees and Expenses Incurred By, Reimbursable, Settled and Paid	The fees incurred by and reimbursable to the Managing Dealer in connection with the Company’s Offerings for the years ended December 31, 2016, 2015 and 2014, and related amounts unpaid as of December 31, 2016 and 2015 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2016 2015 2014 2016 2015 Selling commissions (2) $ — $ 12,507 $ 18,387 $ — $ — Marketing support fees (2) — 16,242 16,429 — — $ — $ 28,749 $ 34,816 $ — $ —
Expense Support Agreements
Related Party Arrangement, Fees and Expenses Incurred By, Reimbursable, Settled and Paid	The following fees are expected to be or were settled and paid in the form of Restricted Stock in connection with the Amended Expense Support Agreements for the year ended December 31, 2016 and the Original Expense Support Agreements for the years ended December 31, 2015 and 2014, and cumulatively as of December 31, 2016 (in thousands, except offering price): Years Ended As of December 31, December 31, 2016 2015 2014 2016 Asset management fees (1) $ 2,918 $ 4,379 $ 4,867 $ 13,565 Then-current offering price or NAV (2) $ 10.04 $ 10.19 $ 10.24 $ 9.75 Restricted stock shares (3) 291 423 478 1,332 Cash distributions on Restricted Stock (4) $ 427 $ 281 $ 98 $ 810 Stock distributions on Restricted Stock (5) — 14 7 21 FOOTNOTES: (1) No other amounts have been settled in connection with the Expense Support Agreements for the years ended December 31, 2016, 2015 and 2014, and cumulatively as of December 31, 2016. (2) The number of restricted stock shares granted to the Advisor in lieu of payment in cash is determined by dividing the expense support amount for the respective determination date by the then-current public offering price as of the Original Determination Date or by the then-current NAV per share as of the Amended Determination Date. (3) Restricted stock shares are comprised of approximately 1.0 million issued to the Advisor and approximately 0.3 million issuable to the Advisor as of December 31, 2016. No fair value was assigned to the restricted stock shares as the shares were valued at zero, which represents the lowest possible value estimated at vesting. In addition, the restricted stock shares were treated as unissued for financial reporting purposes because the vesting criteria had not been met as of December 31, 2016 . (4) The cash distributions have been recognized as compensation expense as issued and included in general and administrative expense in the accompanying consolidated statements of operations. (5) This represents the number of shares issued to the Advisor as stock distributions on its restricted stock shares. The par value of the stock distributions has been recognized as compensation expense as issued and included in general and administrative expense in the accompanying consolidated statements of operations.

Derivative Financial Instrume41

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Gross and Net Amounts of Derivative Financial Instruments Presented in Condensed Consolidated Balance Sheet	The following summarizes the terms of the Company’s, or its equity method investments’, derivative financial instruments and the corresponding asset (liability) as of December 31, 2016 and 2015 (in thousands): Fair value asset (liability) as of Notional Amount Strike (1) Credit Spread (1) Trade date Forward date Maturity date December 31, 2016 December 31, 2015 $ 12,050 (2) 1.3 % 2.6 % 1/17/2013 1/15/2015 1/16/2018 $ (44 ) $ (85 ) $ 37,446 (2) 2.7 % 2.5 % 9/6/2013 8/17/2015 7/10/2018 $ (878 ) $ (1,472 ) $ 25,516 (2) 2.8 % 2.5 % 9/6/2013 8/17/2015 8/29/2018 $ (667 ) $ (1,086 ) $ 10,422 (3) 3.0 % ― % 6/27/2014 6/30/2014 6/30/2017 $ — $ 1 $ 47,983 (2) 2.4 % 2.9 % 8/15/2014 6/1/2016 6/2/2019 $ (949 ) $ (1,066 ) $ 82,370 (2) 2.3 % 2.4 % 9/12/2014 8/1/2015 7/15/2019 $ (1,512 ) $ (2,283 ) $ 6,876 (2) 1.2 % 2.3 % 11/12/2014 11/15/2014 10/15/2017 $ (17 ) $ (37 ) $ 175,000 (2) 1.6 % 2.0 % 12/23/2014 12/19/2014 2/19/2019 $ (992 ) $ (1,694 ) $ 134,258 (2) 1.7 % 2.0 % 1/9/2015 12/10/2015 12/22/2019 $ (976 ) $ (1,795 ) $ 260,000 (3) 1.5 % ― % 11/19/2015 11/19/2015 11/30/2018 $ 600 $ 1,988 $ 150,000 (3) 1.5 % ― % 3/1/2016 3/1/2016 11/30/2018 $ 346 $ — FOOTNOTES: (1) The all-in rates are equal to the sum of the Strike and Credit Spread detailed above. (2) Amounts related to interest rate swaps held by the Company, or its equity method investments, which are recorded at fair value and included in either other assets or other liabilities in the accompanying consolidated balance sheets. (3) Amounts related to the interest rate caps held by the Company, or its equity method investments, which are recorded at fair value and included in other assets in the accompanying consolidated balance sheets.
Summary of the Gross and Net Presentation of Amounts Related to the Derivative Financial Instruments	The following summarizes the gross and net presentation of amounts related to the Company’s, or its equity method investments’, derivative financial instruments as of December 31, 2016 (in thousands): Gross and net amounts of asset (liability) as of December 31, 2016 Gross amounts as of December 31, 2016 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 12,050 (2) $ (44 ) $ — $ (44 ) $ (44 ) $ — $ (44 ) $ 37,446 (2) $ (878 ) $ — $ (878 ) $ (878 ) $ — $ (878 ) $ 25,516 (2) $ (667 ) $ — $ (667 ) $ (667 ) $ — $ (667 ) $ 10,422 (3) $ — $ — $ — $ — $ — $ — $ 47,983 (2) $ (949 ) $ — $ (949 ) $ (949 ) $ — $ (949 ) $ 82,370 (2) $ (1,512 ) $ — $ (1,512 ) $ (1,512 ) $ — $ (1,512 ) $ 6,876 (2) $ (17 ) $ — $ (17 ) $ (17 ) $ — $ (17 ) $ 175,000 (2) $ (992 ) $ — $ (992 ) $ (992 ) $ — $ (992 ) $ 134,258 (2) $ (976 ) $ — $ (976 ) $ (976 ) $ — $ (976 ) $ 260,000 (3) $ 600 $ — $ 600 $ 600 $ — $ 600 $ 150,000 (3) $ 346 $ — $ 346 $ 346 $ — $ 346 The following summarizes the gross and net presentation of amounts related to the Company’s, or its equity method investments’, derivative financial instruments as of December 31, 2015 (in thousands): Gross and net amounts of asset (liability) as of December 31, 2015 Gross amounts as of December 31, 2015 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 12,248 (2) $ (85 ) $ — $ (85 ) $ (85 ) $ — $ (85 ) $ 38,052 (2) $ (1,472 ) $ — $ (1,472 ) $ (1,472 ) $ — $ (1,472 ) $ 25,929 (2) $ (1,086 ) $ — $ (1,086 ) $ (1,086 ) $ — $ (1,086 ) $ 10,699 (3) $ 1 $ — $ 1 $ 1 $ — $ 1 $ 48,415 (2) $ (1,066 ) $ — $ (1,066 ) $ (1,066 ) $ — $ (1,066 ) $ 83,797 (2) $ (2,283 ) $ — $ (2,283 ) $ (2,283 ) $ — $ (2,283 ) $ 6,998 (2) $ (37 ) $ — $ (37 ) $ (37 ) $ — $ (37 ) $ 175,000 (2) $ (1,694 ) $ — $ (1,694 ) $ (1,694 ) $ — $ (1,694 ) $ 138,698 (2) $ (1,795 ) $ — $ (1,795 ) $ (1,795 ) $ — $ (1,795 ) $ 260,000 (3) $ 1,988 $ — $ 1,988 $ 1,988 $ — $ 1,988 FOOTNOTES: (1) The all-in rates are equal to the sum of the Strike and Credit Spread detailed above. (2) Amounts related to interest rate swaps held by the Company, or its equity method investments, which are recorded at fair value and included in either other assets or other liabilities in the accompanying consolidated balance sheets. (3) Amounts related to the interest rate caps held by the Company, or its equity method investments, which are recorded at fair value and included in other assets in the accompanying consolidated balance sheets.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Tax Components of Dividends Declared	The tax composition of the Company’s distributions declared for the years ended December 31, 2016, 2015 and 2014 were as follows: December 31, 2016 2015 2014 Ordinary income 21.5 % 37.8 % 30.8 % Capital gain 14.4 % 0.0 % 0.0 % Unrecaptured Sec. 1250 gain 1.2 % 0.0 % 0.0 % Return of capital 62.9 % 62.2 % 69.2 %
Distribution of Promoted Interest to Share Holder	Promoted Interest — For the years ended December 31, 2016, 2015 and 2014, the Company recorded, as a reduction to capital in excess of par value, the following distributions to holders of promoted interest (in thousands): December 31, 2016 2015 2014 Dogwood Forest of Acworth $ (3,850 ) $ — $ — Wellmore of Tega Cay (2,800 ) — — HarborChase of Villages Crossing ― — (2,000 ) $ (6,650 ) $ — $ (2,000 )
Effect of Derivative Financial Instruments	Other comprehensive income (loss) — The following table reflects the effect of derivative financial instruments held by Company, or its equity method investments, and included in the consolidated statements of comprehensive loss for the years ended December 31, 2016, 2015 and 2014 (in thousands): Derivative Financial Instruments Gain (loss) recognized in other comprehensive loss on derivative financial instruments Location of gain (loss) reclassified into earnings Gain (loss) reclassified from accumulated other comprehensive loss into earnings Years Ended Years Ended December 31, December 31, 2016 2015 2014 2016 2015 2014 Interest rate swaps $ 3,487 $ (4,881 ) $ (3,915 ) Interest expense and loan cost amortization $ (7,150 ) $ (4,110 ) $ (98 ) Interest rate caps (1,584 ) (262 ) ― Interest expense and loan cost amortization (45 ) ― ― Reclassification of interest rate swaps upon derecognition ― 236 ― Interest expense and loan cost amortization ― (236 ) ― Reclassification of interest rate swaps due to ineffectiveness (18 ) 33 ― Interest expense and loan cost amortization 18 (33 ) ― Interest rate cap held by unconsolidated joint venture (1 ) (9 ) 10 Not applicable ― ― ― Total $ 1,884 $ (4,883 ) $ (3,905 ) $ (7,177 ) $ (4,379 ) $ (98 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Components of Income Tax Expense	The components of the income tax expense for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands): Years Ended December 31, 2016 2015 2014 Current: Federal $ — $ — $ — State (351 ) (378 ) (361 ) Total current expense (351 ) (378 ) (361 ) Deferred: Federal ― ― ― State ― ― ― Total deferred expense ― ― ― Income tax expense $ (351 ) $ (378 ) $ (361 )
Significant Components of Deferred Tax Assets	Significant components of the Company’s deferred tax assets as of years ended December 31, 2016 and 2015 are as follows: 2016 2015 Carryforwards of net operating loss $ 9,110 $ 5,220 Prepaid rent 442 619 Valuation allowance (9,552 ) (5,839 ) Net deferred tax assets $ — $ —
Reconciliation of Income Tax Expense	A reconciliation of the income tax expense computed at the statutory federal tax rate on income before income taxes is as follows (in thousands): Years Ended December 31, 2016 2015 2014 Tax benefit computed at federal statutory rate $ 11,002 35.00 % $ 23,701 35.00 % $ 18,253 35.00 % Impact of REIT election (11,002 ) (35.00 )% (23,701 ) (35.00 )% (18,253 ) (35.00 )% State income tax expense (351 ) (1.12 )% (378 ) (0.56 )% (361 ) (0.69 )% Income tax expense $ (351 ) (1.12 )% $ (378 ) (0.56 )% $ (361 ) (0.69 )%

Concentration of Credit Risk (T

Concentration of Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2016
Risks And Uncertainties [Abstract]
Geographical Concentrations that Individually Accounted for 10% or More of Total Revenues	For the years ended December 31, 2016, 2015 and 2014 the Company had the following geographical concentration that individually accounted for 10% or more of total revenues: Type of December 31, Concentration 2016 2015 2014 State of Texas (1) Geographical 18.4 % 16.5 % 22.1 % FOOTNOTE: (1)

Selected Quarterly Financial 45

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data	The following table presents selected unaudited quarterly financial data for the years ended December 31, 2016 and 2015 (in thousands, except per share data): 2016 Quarters First Second Third Fourth Full Year Total revenues $ 92,960 $ 94,041 $ 95,511 $ 94,543 $ 377,055 Operating income (loss) (991 ) 2,714 3,660 5,764 11,147 Net income (loss) attributable to common stockholders (14,442 ) (12,072 ) (11,992 ) 6,839 (31,667 ) Weighted average number of shares outstanding(basic and diluted) 174,681 175,489 175,033 175,328 175,121 Income (loss) per share of common stock(basic and diluted) $ (0.08 ) $ (0.07 ) $ (0.07 ) $ 0.04 $ (0.18 ) 2015 Quarters First Second Third Fourth Full Year Total revenues $ 65,033 $ 67,476 $ 79,904 $ 88,112 $ 300,525 Operating loss (7,909 ) (3,650 ) (7,925 ) (4,824 ) (24,308 ) Net loss attributable to common stockholders (18,000 ) (13,410 ) (19,225 ) (17,420 ) (68,055 ) Weighted average number of shares outstanding(basic and diluted) (1) 131,880 146,257 162,730 173,766 153,804 Loss per share of common stock(basic and diluted) $ (0.14 ) $ (0.09 ) $ (0.12 ) $ (0.10 ) $ (0.44 ) FOOTNOTE: (1) .

Organization - Additional Infor

Organization - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Entity incorporation, date of incorporation	Jun. 8, 2010

Summary of Significant Accoun47

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)OperatingSegment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Summary Of Significant Accounting Policies [Line Items]
Interest expense and loan cost amortization	$ 61.1	$ 45.3	$ 31.5
Capitalized amount of interest	2.8	2.3	$ 1
Accumulated amortization of loan costs	$ 10.3	$ 7.8
Lease, initial term	3 months
Lease termination, notice period	30 days
Annualized return of investment	6.00%
Number of segment | OperatingSegment	1
Building and Building Improvements | Maximum
Summary Of Significant Accounting Policies [Line Items]
Real estate assets, estimated useful life	39 years
Building and Building Improvements | Minimum
Summary Of Significant Accounting Policies [Line Items]
Real estate assets, estimated useful life	15 years

Summary of Significant Accoun48

Summary of Significant Accounting Policies - Acquisition Fees and Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Capitalized as real estate under development	$ 200	$ 4,200	$ 3,400
Acquisition fees and expenses	974	21,526	23,931
Total acquisition costs incurred	$ 1,200	$ 25,700	$ 27,300

Summary of Significant Accoun49

Summary of Significant Accounting Policies - Schedule of Adjusted Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Other assets	$ 24,470	$ 23,334
Mortgages and other notes payable, net	936,723	831,825
Credit facilities	$ 641,989	656,284
Previously Reported
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Other assets		21,302
Loan costs, net		14,358
Mortgages and other notes payable, net		840,435
Credit facilities		660,000
Adjustments
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Other assets		2,032
Loan costs, net		(14,358)
Mortgages and other notes payable, net		(8,610)
Credit facilities		$ (3,716)

Acquisitions of Properties (Det

Acquisitions of Properties (Detail) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
		Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Purchase Price			$ 28,588	$ 880,873
Cobalt Rehabilitation Hospital New Orleans
Business Acquisition [Line Items]
Location			New Orleans, LA
Structure			Triple-net Lease
Date Acquired			Oct. 19, 2016
Purchase Price			$ 28,588
North Carolina Specialty Hospital
Business Acquisition [Line Items]
Location			Durham, NC
Structure			Modified Lease
Date Acquired				Jun. 29, 2015
Purchase Price				$ 31,830
Novi Orthopaedic Center
Business Acquisition [Line Items]
Location			Novi, MI
Structure			Modified Lease
Date Acquired				Feb. 13, 2015
Purchase Price	[1]			$ 30,500
UT Cancer Institute Building
Business Acquisition [Line Items]
Location			Knoxville, TN
Structure			Modified Lease
Date Acquired				Feb. 20, 2015
Purchase Price				$ 33,660
Bend Memorial Clinic MOB
Business Acquisition [Line Items]
Location			Bend, OR
Structure			Modified Lease
Date Acquired				May 11, 2015
Purchase Price	[1]			$ 36,000
Stoneterra Medical Plaza
Business Acquisition [Line Items]
Location			San Antonio, TX
Structure			Modified Lease
Date Acquired				May 29, 2015
Purchase Price	[1]			$ 15,050
Triangle Orthopaedic Durham
Business Acquisition [Line Items]
Location			Durham, NC
Structure			Modified Lease
Date Acquired				Jun. 29, 2015
Purchase Price				$ 21,275
Triangle Orthopaedic Oxford
Business Acquisition [Line Items]
Location			Oxford, NC
Structure			Modified Lease
Date Acquired				Jun. 29, 2015
Purchase Price				$ 4,728
Triangle Orthopaedic Chapel Hill
Business Acquisition [Line Items]
Location			Chapel Hill, NC
Structure			Modified Lease
Date Acquired				Jun. 29, 2015
Purchase Price				$ 3,258
Triangle Orthopaedic Roxboro
Business Acquisition [Line Items]
Location			Roxboro, NC
Structure			Modified Lease
Date Acquired				Jun. 29, 2015
Purchase Price				$ 2,067
Doctor's Park Building B
Business Acquisition [Line Items]
Location			Chula Vista, CA ("San Diego")
Structure			Modified Lease
Date Acquired				Jun. 30, 2015
Purchase Price	[1]			$ 5,000
Doctor's Park Building C
Business Acquisition [Line Items]
Location			Chula Vista, CA ("San Diego")
Structure			Modified Lease
Date Acquired				Jun. 30, 2015
Purchase Price	[1]			$ 10,000
540 New Waverly Place
Business Acquisition [Line Items]
Location			Cary, NC ("Raleigh")
Structure			Modified Lease
Date Acquired				Jul. 20, 2015
Purchase Price	[1]			$ 15,000
MedHelp
Business Acquisition [Line Items]
Location			Birmingham, AL
Structure			Modified Lease
Date Acquired				Jul. 31, 2015
Purchase Price	[1]			$ 15,000
Patriot Professional Center
Business Acquisition [Line Items]
Location			Frederick, MD ("Baltimore")
Structure			Modified Lease
Date Acquired				Jul. 31, 2015
Purchase Price	[1]			$ 16,950
Liberty Professional Center
Business Acquisition [Line Items]
Location			Frederick, MD ("Baltimore")
Structure			Modified Lease
Date Acquired				Jul. 31, 2015
Purchase Price	[1]			$ 7,300
Broadway Medical Plaza 1
Business Acquisition [Line Items]
Location			Columbia, MO
Structure			Modified Lease
Date Acquired				Aug. 21, 2015
Purchase Price	[1]			$ 10,700
Broadway Medical Plaza 2
Business Acquisition [Line Items]
Location			Columbia, MO
Structure			Modified Lease
Date Acquired				Aug. 21, 2015
Purchase Price	[1]			$ 13,100
Broadway Medical Plaza 4
Business Acquisition [Line Items]
Location			Columbia, MO
Structure			Modified Lease
Date Acquired				Aug. 21, 2015
Purchase Price	[1]			$ 14,200
Center One
Business Acquisition [Line Items]
Location			Jacksonville, FL
Structure			Modified Lease
Date Acquired				Nov. 30, 2015
Purchase Price	[1]			$ 34,362
Red Bank Professional Office Building
Business Acquisition [Line Items]
Location			Cincinnati, OH
Structure			Modified Lease
Date Acquired				Dec. 14, 2015
Purchase Price	[1]			$ 10,610
Siena Pavilion IV
Business Acquisition [Line Items]
Location			Henderson, NV ("Las Vegas")
Structure			Modified Lease
Date Acquired				Dec. 18, 2015
Purchase Price				$ 6,990
Siena Pavilion V
Business Acquisition [Line Items]
Location			Henderson, NV ("Las Vegas")
Structure			Modified Lease
Date Acquired				Dec. 18, 2015
Purchase Price				$ 27,859
Siena Pavilion VI
Business Acquisition [Line Items]
Location			Henderson, NV ("Las Vegas")
Structure			Modified Lease
Date Acquired				Dec. 18, 2015
Purchase Price				$ 19,474
Cobalt Rehabilitation Hospital Surprise
Business Acquisition [Line Items]
Location			Surprise, AZ ("Phoenix")
Structure			Triple-net Lease
Date Acquired				Dec. 30, 2015
Purchase Price	[1]			$ 23,660
Fieldstone Memory Care
Business Acquisition [Line Items]
Location			Yakima, WA
Structure			Managed
Date Acquired				Mar. 31, 2015
Purchase Price		$ 12,400		$ 12,400	[1]
Primrose Retirement Community of Anderson
Business Acquisition [Line Items]
Location			Anderson, IN ("Muncie")
Structure			Triple-net Lease
Date Acquired				May 29, 2015
Purchase Price				$ 21,086
Primrose Retirement Community of Lancaster
Business Acquisition [Line Items]
Location			Lancaster, OH ("Columbus")
Structure			Triple-net Lease
Date Acquired				May 29, 2015
Purchase Price				$ 25,657
Primrose Retirement Community of Wausau
Business Acquisition [Line Items]
Location			Wausau, WI ("Green Bay")
Structure			Triple-net Lease
Date Acquired				May 29, 2015
Purchase Price				$ 20,307
Superior Residences of Panama City
Business Acquisition [Line Items]
Location			Panama City Beach, FL
Structure			Managed
Date Acquired				Jul. 15, 2015
Purchase Price	[1]			$ 20,000
Parc at Duluth
Business Acquisition [Line Items]
Location			Duluth, GA ("Atlanta")
Structure			Triple-net Lease
Date Acquired				Jul. 31, 2015
Purchase Price				$ 52,800
Parc at Piedmont
Business Acquisition [Line Items]
Location			Marietta, GA ("Atlanta")
Structure			Triple-net Lease
Date Acquired				Jul. 31, 2015
Purchase Price				$ 50,800
The Pavilion at Great Hills
Business Acquisition [Line Items]
Location			Austin, TX
Structure			Managed
Date Acquired				Jul. 31, 2015
Purchase Price				$ 35,000
The Hampton at Meadows Place
Business Acquisition [Line Items]
Location			Meadows Place, TX ("Houston")
Structure			Managed
Date Acquired				Jul. 31, 2015
Purchase Price				$ 28,400
The Beacon at Gulf Breeze
Business Acquisition [Line Items]
Location			Gulf Breeze, FL ("Pensacola")
Structure			Managed
Date Acquired				Jul. 31, 2015
Purchase Price				$ 28,000
Palmilla Senior Living
Business Acquisition [Line Items]
Location			Albuquerque, NM
Structure			Managed
Date Acquired				Sep. 30, 2015
Purchase Price				$ 47,600
Cedar Lake Assisted Living and Memory Care
Business Acquisition [Line Items]
Location			Lake Zurich, IL ("Chicago")
Structure			Managed
Date Acquired				Sep. 30, 2015
Purchase Price				$ 30,000
The Shores of Lake Phalen
Business Acquisition [Line Items]
Location			Maplewood, MN ("St. Paul")
Structure			Managed
Date Acquired				Nov. 10, 2015
Purchase Price	[1]			$ 29,250
Park Place Senior Living at WingHaven
Business Acquisition [Line Items]
Location			O'Fallon, MO ("St. Louis")
Structure			Managed
Date Acquired				Dec. 17, 2015
Purchase Price				$ 54,000
Hearthside Senior Living of Collierville
Business Acquisition [Line Items]
Location			Collierville, TN ("Memphis")
Structure			Managed
Date Acquired				Dec. 29, 2015
Purchase Price	[1]			$ 17,000
[1]	This represents a single property or portfolio acquisition that is not considered material to the Company and as such no pro forma financial information has been included related to this property.

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail)	1 Months Ended						12 Months Ended
	Nov. 30, 2015USD ($)	Oct. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Aug. 31, 2015USD ($)	Aug. 31, 2014USD ($)	Jan. 31, 2013USD ($)	Dec. 31, 2016USD ($)Property	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)
Business Acquisition [Line Items]
Number of properties acquired | Property								39
Revenues attributable to properties							$ 600,000	$ 18,000,000
Net loss attributable to properties							$ 400,000	$ 8,800,000
Number of real estate acquired for development | Property							0
Co-venture partner's interest in the acquired business							5.00%
Payment to acquire interest in joint ventures									$ 1,584,000
Gain from change of control in equity method investment									2,798,000
Senior Housing
Business Acquisition [Line Items]
Number of properties acquired | Property								15
Medical Office
Business Acquisition [Line Items]
Number of properties acquired | Property								22
Post-acute Care Hospital
Business Acquisition [Line Items]
Number of properties acquired | Property								1
Acute Care Hospital
Business Acquisition [Line Items]
Number of properties acquired | Property								1
Waterstone on Augusta (Greenville, SC)
Business Acquisition [Line Items]
Purchase price of land				$ 2,300,000
Maximum development budget				$ 27,000,000
Location				Greenville, South Carolina
Date Acquired				Aug. 31, 2015
Welbrook Senior Living Grand Junction (Grand Junction, CO)
Business Acquisition [Line Items]
Purchase price of land			$ 1,100,000
Maximum development budget			$ 13,100,000
Location			Grand Junction, Colorado
Date Acquired			Sep. 30, 2015
Wellmore of Lexington (Lexington, SC)
Business Acquisition [Line Items]
Purchase price of land			$ 2,300,000
Maximum development budget			$ 53,900,000
Location			Lexington, South Carolina
Date Acquired			Sep. 30, 2015
Fieldstone at Pear Orchard (Yakima, Washington)
Business Acquisition [Line Items]
Purchase price of land		$ 1,000,000
Maximum development budget		$ 15,300,000
Location		Yakima, Washington
Date Acquired		Oct. 31, 2015
Percentage of membership interest acquired		75.00%
Co-venture partner's interest in the acquired business		25.00%
The Dogwood Forest of Grayson (Grayson, GA)
Business Acquisition [Line Items]
Purchase price of land	$ 1,800,000
Maximum development budget	$ 26,000,000
Location	Grayson, Georgia
Date Acquired	Nov. 30, 2015
Montecito Joint Venture
Business Acquisition [Line Items]
Date Acquired					Aug. 31, 2014	Jan. 31, 2013
Percentage of membership interest acquired					10.00%	90.00%
Co-venture partner's interest in the acquired business						10.00%
Value of equity issued in acquisition						$ 7,000,000
Payment to acquire interest in joint ventures					$ 1,600,000				1,584,000
Percentage of membership interest acquired							100.00%
Fair value of equity interest in Montecito Joint Venture immediately before the acquisition date					5,700,000
Gain from change of control in equity method investment					$ 2,800,000				$ 2,798,000

Schedule of Purchase Price Allo

Schedule of Purchase Price Allocation (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Aug. 31, 2014
Business Acquisition [Line Items]
Land and land improvements		$ 3,283	$ 91,419
Buildings and building improvements		20,142	702,611
Furniture, fixtures and equipment			11,746
Intangibles	[1]	5,163	86,601
Other liabilities			(5,175)
Liabilities assumed			(6,905)
Assumed mortgage note payable	[2]		(6,976)
Net assets acquired		28,588	873,321
Contingent purchase price consideration		(3,566)	(6,481)
Total purchase price consideration		$ 28,588	$ 866,840
Montecito Joint Venture
Business Acquisition [Line Items]
Land and land improvements					$ 6,324
Buildings and building improvements					13,533
Intangibles	[3]				2,691
Other liabilities					(175)
Assumed mortgage note payable	[4]				(12,331)
Net assets acquired				$ 10,129	10,129
Working capital, net					$ 87
[1]	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles for the years ended December 31, 2016 and 2015 were approximately 20.0 and 7.7 years, respectively. The acquired lease intangibles during the year ended December 31, 2016 were comprised of approximately $5.1 million and $0.1 million of in-place lease intangibles and other lease intangibles, respectively, and the acquired lease intangibles during the year ended December 31, 2015 were comprised of approximately $81.8 million and $4.8 million of in-place lease intangibles and other lease intangibles, respectively.
[2]	During the year ended December 31, 2015, the Company assumed a discount on a below-market mortgage note payable assumed of approximately $0.2 million at the acquisition date.
[3]	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 5.1 years and was comprised of approximately $1.9 million and $0.8 million of in-place lease intangibles and other lease intangibles, respectively.
[4]	At the acquisition date, the fair value of the mortgage note payable assumed reflects an approximate $0.6 million discount on the below-market mortgage note payable assumed.

Schedule of Purchase Price Al53

Schedule of Purchase Price Allocation (Parenthetical) (Detail) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
		Aug. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Weighted-average amortization period on the acquired lease intangibles			20 years	7 years 8 months 12 days
Acquired lease intangibles	[1]		$ 5,163	$ 86,601
Mortgage note payable, discount				200
Montecito Joint Venture
Business Acquisition [Line Items]
Weighted-average amortization period on the acquired lease intangibles		5 years 1 month 6 days
Acquired lease intangibles	[2]	$ 2,691
Mortgage note payable, discount		600
In-place lease intangibles
Business Acquisition [Line Items]
Acquired lease intangibles			5,100	81,800
In-place lease intangibles | Montecito Joint Venture
Business Acquisition [Line Items]
Acquired lease intangibles		1,900
Other lease intangibles
Business Acquisition [Line Items]
Acquired lease intangibles			$ 100	$ 4,800
Other lease intangibles | Montecito Joint Venture
Business Acquisition [Line Items]
Acquired lease intangibles		$ 800
[1]	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles for the years ended December 31, 2016 and 2015 were approximately 20.0 and 7.7 years, respectively. The acquired lease intangibles during the year ended December 31, 2016 were comprised of approximately $5.1 million and $0.1 million of in-place lease intangibles and other lease intangibles, respectively, and the acquired lease intangibles during the year ended December 31, 2015 were comprised of approximately $81.8 million and $4.8 million of in-place lease intangibles and other lease intangibles, respectively.
[2]	At the acquisition date, the weighted-average amortization period on the acquired lease intangibles was approximately 5.1 years and was comprised of approximately $1.9 million and $0.8 million of in-place lease intangibles and other lease intangibles, respectively.

Schedule of Unaudited Proforma

Schedule of Unaudited Proforma Results of Operations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Combinations [Abstract]
Total revenues		$ 379,145	$ 348,684	$ 307,552
Net loss	[1]	$ (31,708)	$ (70,864)	$ (62,071)
Loss per share of common stock (basic and diluted)		$ (0.18)	$ (0.42)	$ (0.42)
Weighted average number of shares of common stock outstanding (basic and diluted)	[2]	175,121	170,735	148,443
[1]	Net loss for the years ended December 31, 2016 and 2015 was adjusted to exclude approximately $0.7 million and $11.3 million, respectively, of acquisition related expenses directly attributable to the properties acquired during the years ended December 31, 2016 and 2015. The unaudited pro forma results for the years ended December 31, 2015 and 2014 were adjusted to include these charges as if the properties were acquired on January 1, 2015 and 2014, respectively.
[2]	As a result of the properties acquired in 2015 being treated as operational since January 1, 2014, the Company assumed approximately 31.6 million additional shares were issued as of January 1, 2014. Consequently, the weighted average number of shares outstanding was adjusted to reflect this amount of shares being issued as of January 1, 2014, instead of actual dates on which the shares were issued, and such shares were treated as outstanding as of the beginning of the period presented. The property acquired in 2016 was assumed to be funded with cash on hand as of December 31, 2014.

Schedule of Unaudited Proform55

Schedule of Unaudited Proforma Results of Operations (Parenthetical) (Detail) - USD ($) $ in Thousands, shares in Millions	Jan. 02, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquisition fees and expenses		$ 974	$ 21,526	$ 23,931
Shares issued to fund acquisition	31.6
Proforma results adjusted to exclude
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquisition fees and expenses		$ 700	$ 11,300

Gain Resulted From Change of Co

Gain Resulted From Change of Control in Equity Method Investment (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2014	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Fair value of net assets acquired			$ 28,588	$ 873,321
Less: Cash paid to acquire co-venture partner's interest		$ (1,584)
Gain on purchase of controlling interest of investment in unconsolidated entity		2,798
Montecito Joint Venture
Schedule of Equity Method Investments [Line Items]
Fair value of net assets acquired	$ 10,129	10,129
Less: Previous investment in Montecito Joint Venture		(5,747)
Less: Cash paid to acquire co-venture partner's interest	(1,600)	(1,584)
Gain on purchase of controlling interest of investment in unconsolidated entity	$ 2,800	$ 2,798

Schedule of Real Estate Investm

Schedule of Real Estate Investment Properties (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real Estate [Abstract]
Land and land improvements	$ 238,121	$ 227,019
Building and building improvements	2,356,789	2,281,342
Furniture, fixtures and equipment	67,299	58,825
Less: accumulated depreciation	(195,216)	(115,648)
Real estate investment properties, net	2,466,993	2,451,538
Real estate under development, including land	97,164	62,521
Total real estate assets, net	$ 2,564,157	$ 2,514,059

Real Estate Assets, Net - Addit

Real Estate Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Real Estate Properties [Line Items]
Gain on sale of real estate	$ 15,400	$ 15,415
Real Estate Investment Properties
Real Estate Properties [Line Items]
Depreciation expense		$ 80,000	$ 63,600	$ 39,100

Schedule of Real Estate Held fo

Schedule of Real Estate Held for Sale (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Real Estate Properties [Line Items]
Real estate held for sale, gross	$ 18,638
Less: accumulated depreciation	(1,159)
Real estate held for sale, net	18,638
Land and land improvements
Real Estate Properties [Line Items]
Real estate held for sale, gross	2,027
Building and building improvements
Real Estate Properties [Line Items]
Real estate held for sale, gross	15,994
Furniture, fixtures and equipment
Real Estate Properties [Line Items]
Real estate held for sale, gross	$ 1,776

Real Estate under Development w

Real Estate under Development with Third-Party Developers (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Real Estate Properties [Line Items]
Real Estate Development Costs Incurred	$ 97,164	[1]
(Unaudited) Remaining Development Budget	$ 47,031	[2]
Welbrook Senior Living Grand Junction (Grand Junction, CO)
Real Estate Properties [Line Items]
Developer	Embree Asset Group, Inc.
Real Estate Development Costs Incurred	$ 12,894	[1]
(Unaudited) Remaining Development Budget	$ 1,888	[2]
Waterstone on Augusta (Greenville, SC)
Real Estate Properties [Line Items]
Developer	T&D Greenville, LLC
Real Estate Development Costs Incurred	$ 24,155	[1]
(Unaudited) Remaining Development Budget	$ 5,046	[2]
Wellmore of Lexington (Lexington, SC)
Real Estate Properties [Line Items]
Developer	Maxwell Group, Inc.
Real Estate Development Costs Incurred	$ 38,972	[1]
(Unaudited) Remaining Development Budget	$ 19,984	[2]
Dogwood Forest of Grayson (Grayson, GA)
Real Estate Properties [Line Items]
Developer	Solomon Development Services, LLC
Real Estate Development Costs Incurred	$ 17,345	[1]
(Unaudited) Remaining Development Budget	$ 12,933	[2]
Tranquillity at Fredericktowne (Frederick, MD)
Real Estate Properties [Line Items]
Developer	Capital Health Partners
Real Estate Development Costs Incurred	$ 1,407	[1]
(Unaudited) Remaining Development Budget	$ 4,542	[2]
Brookridge Heights Assisted Living & Memory Care (Marquette, MI)
Real Estate Properties [Line Items]
Developer	Capital Health Partners
Real Estate Development Costs Incurred	$ 2,391	[1]
(Unaudited) Remaining Development Budget	$ 2,638	[2]
[1]	This amount represents land and total capitalized costs for GAAP purposes for the acquisition, development and construction of the seniors housing community or post-acute care facility as of December 31, 2016. Amounts include investment services fees, asset management fees, interest expense and other costs capitalized during the development period.
[2]	This amount includes preleasing and marketing costs which will be expensed as incurred.

Schedule of Net Book Value of I

Schedule of Net Book Value of Intangibles (Detail) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets And Liabilities [Line Items]
Less: accumulated amortization, assets		$ (120,188)	$ (74,895)
Intangible assets, net		131,502	172,452
Less: accumulated amortization, liabilities		4,247	2,581
In-place lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Gross carrying amount, assets		225,246	220,917
Above-market lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Gross carrying amount, assets		13,974	13,960
Gross carrying amount, liabilities		(3,488)	(3,488)
Below-market ground lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Gross carrying amount, assets		12,470	12,470
Gross carrying amount, liabilities		(12,060)	(12,095)
Other liabilities
Finite-Lived Intangible Assets And Liabilities [Line Items]
Intangible liabilities, net	[1]	$ (11,301)	$ (13,002)
[1]	Intangible liabilities, net are included in other liabilities in the accompanying consolidated balance sheets.

Intangibles net - Additional In

Intangibles net - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)Office	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Finite-Lived Intangible Assets And Liabilities [Line Items]
Amortization expense on intangible assets	$ 45,300	$ 44,600	$ 25,100
Amortization expense on intangible liabilities	$ 1,700	1,600	800
Number of medical office of anchor tenant bankruptcy | Office	2
Loss on lease terminations	$ (785)	(863)
Impairment provision of intangible assets		4,700
Rental Income from Operating Leases
Finite-Lived Intangible Assets And Liabilities [Line Items]
Amortization expense on intangible assets	2,000	2,000	1,000
Amortization expense on intangible liabilities	1,600	1,500	800
Property Operating Expenses
Finite-Lived Intangible Assets And Liabilities [Line Items]
Amortization expense on intangible assets	300	300	100
Amortization expense on intangible liabilities	100	80	8
Depreciation And Amortization
Finite-Lived Intangible Assets And Liabilities [Line Items]
Amortization expense on intangible assets	$ 43,000	$ 42,300	$ 24,000

Schedule of Estimated Future Am

Schedule of Estimated Future Amortization and Weighted Average Remaining Useful Life (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets And Liabilities [Line Items]
Intangible assets, net	$ 131,502	$ 172,452
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,017	31,283
2,018	19,638
2,019	14,088
2,020	11,860
2,021	10,608
Thereafter	44,025
Intangible assets, net	131,502
Intangible Liabilities
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,017	1,485
2,018	1,343
2,019	1,183
2,020	955
2,021	839
Thereafter	5,496
Intangible liabilities, net	$ 11,301
In-place lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Weighted average useful life, assets	4 years 3 months 18 days
In-place lease intangibles | Finite-Lived Intangible Assets
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,017	$ 29,222
2,018	17,749
2,019	12,499
2,020	10,481
2,021	9,312
Thereafter	31,755
Intangible assets, net	$ 111,018
Above-market lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Weighted average useful life, assets	5 years 2 months 12 days
Weighted average useful life, liabilities	37 years 1 month 6 days
Above-market lease intangibles | Finite-Lived Intangible Assets
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,017	$ 1,741
2,018	1,569
2,019	1,269
2,020	1,059
2,021	976
Thereafter	2,194
Intangible assets, net	8,808
Above-market lease intangibles | Intangible Liabilities
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,017	89
2,018	89
2,019	89
2,020	89
2,021	89
Thereafter	2,863
Intangible liabilities, net	$ 3,308
Below-market ground lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Weighted average useful life, assets	36 years 7 months 6 days
Weighted average useful life, liabilities	4 years 10 months 24 days
Below-market ground lease intangibles | Finite-Lived Intangible Assets
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,017	$ 320
2,018	320
2,019	320
2,020	320
2,021	320
Thereafter	10,076
Intangible assets, net	11,676
Below-market ground lease intangibles | Intangible Liabilities
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,017	1,396
2,018	1,254
2,019	1,094
2,020	866
2,021	750
Thereafter	2,633
Intangible liabilities, net	$ 7,993

Operating Leases - Additional I

Operating Leases - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)Property
Operating Leased Assets [Line Items]
Number of properties owned	0
Triple Net Lease Agreements
Operating Leased Assets [Line Items]
Number of properties owned	86
Weighted average remaining lease term	7 years 1 month 6 days
Total annualized property tax | $	$ 4.6
Triple Net Lease Agreements | Single Tenant Properties
Operating Leased Assets [Line Items]
Number of properties owned	42
Real estate investment properties, percentage leased under operating leases	100.00%
Triple Net Lease Agreements | Multi Tenant Properties
Operating Leased Assets [Line Items]
Number of properties owned	44
Triple Net Lease Agreements | Minimum
Operating Leased Assets [Line Items]
Lease, expiration year	2,017
Extended lease period	2 years
Triple Net Lease Agreements | Maximum
Operating Leased Assets [Line Items]
Lease, expiration year	2,038
Extended lease period	10 years

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments to be Received Under Non-Cancellable Operating Leases (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Leases [Abstract]
2,017	$ 120,086
2,018	112,757
2,019	103,959
2,020	96,167
2,021	91,606
Thereafter	437,557
Total	$ 962,132

Aggregate Carrying Amount and M

Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities (Detail) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Variable Interest Entity [Line Items]
Real estate investment properties, net		$ 2,466,993	$ 2,451,538
Real estate under development, including land		97,164	62,521
Intangibles, net		131,502	172,452
Cash		58,517	68,922	$ 91,355	$ 44,209
Deferred rent and lease incentives		36,325	23,477
Other assets		24,470	23,334
Restricted cash		12,721	10,287
Mortgages and other notes payable, net		936,723	831,825
Other liabilities		38,946	41,938
Due to related parties	[1]	3,465	1,803
VIEs
Variable Interest Entity [Line Items]
Real estate investment properties, net		112,929	103,691
Real estate under development, including land		80,473	58,994
Intangibles, net		2,891	4,015
Cash		916	3,904
Deferred rent and lease incentives		3,061	3,096
Other assets		1,130	1,000
Restricted cash		20	974
Mortgages and other notes payable, net		104,890	85,093
Accounts payable and accrued liabilities		1,461	743
Accrued development costs		15,369	10,669
Other liabilities		976	1,387
Due to related parties		$ 107	$ 136
[1]	Amounts are recorded as due to related parties in the accompanying consolidated balance sheets.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs) - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Maximum exposure to loss VIEs limits	$ 76.6
Variable interest entity, description	As of December 31, 2016 and 2015, the Company had 10 and 12 subsidiaries, respectively, which are classified as VIEs due to the following factors and circumstances as of December 31, 2016:  Three of these subsidiaries are single property entities, designed to own and lease their respective properties to multiple tenants, which are subject to either a ground lease or an air rights lease that include buy-out and put options held by either the tenant or landlord under the applicable lease.  Four of these subsidiaries are entities with real estate under development or completed developments in which there is either insufficient equity at risk due to the development nature of each entity.  Two of these subsidiaries are joint ventures with recently completed real estate under development in which there is insufficient equity at risk due to the development nature of each joint venture.  One of these subsidiaries is a joint venture with equity interest that consists of non-substantive protective voting rights, but not any participating or kick-out rights.
Variable interest entity, similar entity aggregation, description	Two reconsideration events occurred during the year ended December 31, 2016 that resulted in the associated entities no longer being considered VIEs as of December 31, 2016.

Ground and Air Rights Leases -

Ground and Air Rights Leases - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Ground and Air Rights Leases
Operating Leased Assets [Line Items]
Operating lease rental expense	$ 1.9	$ 1.7	$ 0.5

Schedule of Future Minimum Le69

Schedule of Future Minimum Lease Payments Under Ground and Air Rights Leases (Detail) - Ground and Air Rights Leases $ in Thousands	Dec. 31, 2016USD ($)
Operating Leased Assets [Line Items]
2,017	$ 1,984
2,018	2,016
2,019	2,039
2,020	2,061
2,021	2,092
Thereafter	111,467
Total	$ 121,659

Fair Value of Contingent Purcha

Fair Value of Contingent Purchase Price Consideration (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance		$ (6,481)
Contingent consideration payment (receipt)		2,625		$ 11,594
Change in fair value		290	$ 589	630
Contingent consideration in connection with acquisition			(6,481)	(12,395)
Ending balance		(3,566)	(6,481)
Beginning balance			3,810	3,981
Contingent consideration payment (receipt)			(4,399)
Ending balance				3,810
Superior Residences of Panama City
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[1]	(3,000)
Change in fair value	[1]	(1,000)
Contingent consideration in connection with acquisition	[1]		(3,000)
Ending balance	[1]	(4,000)	(3,000)
The Shores of Lake Phalen
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[2]	(750)
Change in fair value	[2]	750
Contingent consideration in connection with acquisition	[2]		(750)
Ending balance	[2]		(750)
Siena Pavilion VI
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[3]	(3,750)
Contingent consideration payment (receipt)	[3]	2,992
Change in fair value	[3]	113
Contingent consideration in connection with acquisition	[3]		(3,750)
Ending balance	[3]	(645)	(3,750)
Center One
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Change in fair value	[4]	427
Contingent consideration in connection with acquisition	[4]		1,019
Beginning balance	[4]	1,019
Contingent consideration payment (receipt)	[4]	(367)
Ending balance	[4]	$ 1,079	1,019
Capital Health
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Change in fair value	[5]		321	2,191
Beginning balance	[5]		4,078	4,488
Contingent consideration payment (receipt)	[5]			(2,601)
Ending balance	[5]			4,078
Medical Portfolio I
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[6]		(268)	(507)
Change in fair value	[6]		$ 268	239
Ending balance	[6]			(268)
South Bay II Communities
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Contingent consideration payment (receipt)	[7]			14,195
Change in fair value	[7]			(1,800)
Contingent consideration in connection with acquisition	[7]			$ (12,395)
[1]	In connection with the purchase of Superior Residences of Panama City, the Company entered into an earn-out agreement with the seller whereby up to $4 million in additional consideration is owed in the event that certain performance targets are met (“Panama City Earn-Out”) during the immediate 36 months post-closing.
[2]	In connection with the purchase of Shores of Lake Phalen, the Company entered into an earn-out agreement with the seller whereby up to $0.8 million in additional consideration was owed in the event that certain net operating income targets are met (“Shores of Lake Phalen Earn-Out”) during the immediate 12 months post-closing.
[3]	In conjunction with the acquisition of Siena Pavilion VI, the Company entered into an earn-out agreement with the seller whereby up to $3.3 million in additional consideration and $0.5 million of additional tenant improvements are owed in the event that the seller is able to lease-up additional space at the property during the immediate 6 months post-closing (“Siena Pavilion VI Earn-Out”).
[4]	In connection with the purchase of Center One, the Company required that approximately $2.8 million of the purchase price be placed in an escrow account as the seller provided a rent guarantee to the Company in connection with two seller leased spaces at the property for a term equal to the earlier of five years or at such time as a suitable replacement tenant can be found (“Center One Rent Guarantee”).
[5]	In connection with the acquisition of the Capital Health Communities in 2012, the Company required that approximately $7.0 million of the purchase price be placed in an escrow account as the seller guaranteed the Company an annual return of at least $6.9 million, $7.0 million, and $7.1 million of net operating income on the acquired properties during 2013, 2014 and 2015, respectively (“Capital Health Yield Guaranty”). As of December 31, 2015 the Company had received the maximum amount of $7.0 million available under the Capital Health Yield Guaranty.
[6]	During 2013, in conjunction with the acquisition of Medical Portfolio I, the Company entered into an earn-out agreement with the seller related to Cleveland Clinic, the tenant at Chestnut Commons, whereby the tenant maintains an exercisable right to expand the leased space by an additional 10,000 square feet within 24 months of the property acquisition closing (“Chestnut Commons Earn-Out”). The Chestnut Commons Earn-Out fee was equal to (a) the base rent due for the first full year of the lease applicable to the expansion space divided by 8% minus (b) the costs incurred by the Company in connection with the exercise by Cleveland Clinic of its option for the expansion space, including tenant improvement costs, multiplied by 50%. The Chestnut Commons Earn-Out expired in August 2015.
[7]	In conjunction with the acquisition of the South Bay II Communities, the Company entered into an agreement with the sellers whereby the purchase price is adjusted in the event that certain net operating income targets are met. The additional consideration was determined within three months of the acquisition date and is equal to (a) the baseline net operating income divided by the baseline capitalization rates (as defined in the purchase and sale agreement) less (b) the purchase price paid at closing.

Fair Value of Contingent Purc71

Fair Value of Contingent Purchase Price Consideration (Parenthetical) (Detail) $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2016USD ($)

Sep. 30, 2016USD ($)

Jun. 30, 2016USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)ft²

Dec. 31, 2012USD ($)

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]

Contingent purchase price consideration

$ 4,644

$ 7,500

$ 268

Operating income (loss)

$ 5,764

$ 3,660

$ 2,714

$ (991)

$ (4,824)

$ (7,925)

$ (3,650)

$ (7,909)

11,147

(24,308)

(23,178)

Superior Residences of Panama City

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]

Additional purchase price consideration

$ 4,000

Additional purchase price consideration period

36 months

The Shores of Lake Phalen

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]

Additional purchase price consideration

$ 800

Additional purchase price consideration period

12 months

Siena Pavilion VI

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]

Additional purchase price consideration

$ 3,300

Additional purchase price consideration period

6 months

Additional tenant improvements consideration

$ 500

Center One

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]

Contingent purchase price consideration

$ 2,800

Contingent consideration arrangements, description

The purchase price be placed in an escrow account as the seller provided a rent guarantee to the Company in connection with two seller leased spaces at the property for a term equal to the earlier of five years or at such time as a suitable replacement tenant can be found (“Center One Rent Guarantee”).

Capital Health

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]

Contingent purchase price consideration

$ 7,000

Capital Health | Yield Guarantee

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]

Operating income (loss)

7,100

$ 7,000

$ 6,900

Received purchase consideration

$ 7,000

Medical Portfolio I

Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]

Contingent consideration arrangements, description

The Chestnut Commons Earn-Out fee was equal to (a) the base rent due for the first full year of the lease applicable to the expansion space divided by 8% minus (b) the costs incurred by the Company in connection with the exercise by Cleveland Clinic of its option for the expansion space, including tenant improvement costs, multiplied by 50%.

Expandable lease space under earn-out agreement | ft²

10,000

Earn out expiration date

2015-08

Details of Indebtedness (Detail

Details of Indebtedness (Detail) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Premium (discount), net	[1]	$ (67)	$ (221)
Loan costs, net		(7,213)	(8,610)
Total mortgages and other notes payable, net		936,723	831,825
Credit facilities		641,989	656,284
Total borrowings		1,578,712	1,488,109
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facilities	[2],[3]	194,863	225,000
First Term Loan Facility
Debt Instrument [Line Items]
Credit facilities	[4]	175,000	175,000
Second Term Loan Facility
Debt Instrument [Line Items]
Credit facilities	[2]	275,000	260,000
Term Loan Facility
Debt Instrument [Line Items]
Loan costs, net		(2,874)	(3,716)
Mortgages payable and other notes payable
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[5]	944,003	840,656
Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		382,129	391,639
Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[4]	$ 561,874	$ 449,017
[1]	Premium (discount), net is reflective of the Company recording mortgage note payables assumed at fair value on the respective acquisition dates.
[2]	As of December 31, 2016 and 2015, the Company had entered into interest rate caps with notional amounts of approximately $410.0 million and $260.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[3]	As of December 31, 2016 and 2015, the Company had undrawn availability under the Revolving Credit Facility of approximately $11.1 million and $20.0 million, respectively, based on the value of the properties in the unencumbered pool of assets supporting the loan.
[4]	As of December 31, 2016 and 2015, the Company had entered into interest rate swaps with notional amounts of approximately $521.5 million and $480.7 million, respectively, which were settling on a monthly basis. In addition, as of December 31, 2015, the Company had entered into forward-starting interest rate swaps for total notional amounts of approximately $48.4 million in order to hedge its exposure to variable rate debt beginning in June 2016. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[5]	As of December 31, 2016 and 2015, the Company’s mortgages and other notes payable are collateralized by 75 and 65 properties, respectively, with total carrying value of approximately $1.6 billion and $1.4 billion, respectively.

Details of Indebtedness (Parent

Details of Indebtedness (Parenthetical) (Detail) $ in Millions	Dec. 31, 2016USD ($)Property	Dec. 31, 2015USD ($)Property
Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Current borrowing capacity	$ 11.1	$ 20
Secured Mortgages and Other Notes Payable
Debt Instrument [Line Items]
Number of collateralized properties owned | Property	75	65
Mortgages and other notes payable carrying value of collateral	$ 1,600	$ 1,400
Forward Contracts
Debt Instrument [Line Items]
Notional amounts of derivative contract		48.4
Interest Rate Swap
Debt Instrument [Line Items]
Notional amounts of derivative contract	521.5	480.7
Interest Rate Cap
Debt Instrument [Line Items]
Notional amounts of derivative contract	$ 410	$ 260

Schedule of Maturities of Indeb

Schedule of Maturities of Indebtedness (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Net Balance
2,017	$ 263,756
2,018	288,938
2,019	478,632
2,020	400,696
2,021	39,489
Thereafter	117,288
Total borrowings	$ 1,588,799

Schedule of Fair Market Value a

Schedule of Fair Market Value and Carrying Value of Indebtedness (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Carrying Value	$ 1,588,799
Mortgages and other notes payable, net
Debt Instrument [Line Items]
Fair Value	943,400	$ 844,600
Carrying Value	936,700	831,800
Credit facilities
Debt Instrument [Line Items]
Fair Value	644,900	660,000
Carrying Value	$ 642,000	$ 656,300

Indebtedness - Additional Infor

Indebtedness - Additional Information (Detail)	1 Months Ended	12 Months Ended
	Nov. 30, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2014USD ($)Extension
Debt Instrument [Line Items]
Line of credit facility extension period			12 months
After Modification
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing		$ 445,000,000	$ 700,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing			$ 230,000,000
Term of credit facility			36 months
Line of credit facility, initial maturity			2017-12
Line of credit facility, extended maturity			2019-12
Number of extension options available | Extension			2
Line of credit facility extension period			12 months
Revolving Credit Facility | 30-day LIBOR | Minimum
Debt Instrument [Line Items]
Fees paid range on unused commitments, percentage			0.15%
Revolving Credit Facility | 30-day LIBOR | Maximum
Debt Instrument [Line Items]
Fees paid range on unused commitments, percentage			0.25%
Term Loan Credit Facility
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing			$ 175,000,000
Term of credit facility			50 months
Line of credit facility, initial maturity			2019-02
Line of credit facility, extended maturity			2020-02
Number of extension options available | Extension			1
Second Term Loan Facility
Debt Instrument [Line Items]
Line of credit facility, initial maturity	2020-11
Second Term Loan Facility | 30-day LIBOR
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing	$ 250,000,000
Term of credit facility	60 months
Second Term Loan Facility | After Modification | 30-day LIBOR
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing	$ 350,000,000	$ 275,000,000
Credit facilities
Debt Instrument [Line Items]
Description of covenants		The Credit Facilities contain affirmative, negative, and financial covenants which are customary for loans of this type, including (but not limited to): (i) maximum leverage, (ii) minimum fixed charge coverage ratio, (iii) minimum consolidated net worth, (iv) restrictions on payments of cash distributions except if required by REIT requirements, (v) maximum secured indebtedness, (vi) maximum secured recourse debt, (vii) minimum unsecured interest coverage and (viii) limitations on certain types of investments and with respect to the pool of properties supporting borrowings under the Credit Facilities, minimum debt service coverage ratio, minimum weighted average occupancy, and remaining lease terms, as well as property type, MSA, operator, and asset value concentration limits. The limitations on distributions include a limitation on the extent of allowable distributions, which are not to exceed the greater of 95% of adjusted FFO (as defined per the Credit Facilities) and the minimum amount of distributions required to maintain the Company’s REIT status. As of December 31, 2016, the Company was in compliance with all financial covenants and ratios.

Schedule of Indebtedness (Detai

Schedule of Indebtedness (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Carrying Value		$ 1,588,799
Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		382,129	$ 391,639
Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[1]	561,874	449,017
Mortgage Loans | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 382,129	391,639
Mortgage Loans | Pacific Northwest II Communities
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2],[3]	4.30%
Payment Terms	[3]	Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period	[3]	25 years
Maturity Date	[3],[4]	Dec. 5, 2018
Mortgage Loans | Pacific Northwest II Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[3]	$ 205,197	210,665
Mortgage Loans | Capital Health Communities
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2]	4.25%
Payment Terms		Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Maturity Date	[4]	Jan. 5, 2020
Mortgage Loans | Capital Health Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 36,395	37,889
Mortgage Loans | Primrose II Communities
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2]	3.81%
Payment Terms		Monthly principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[4]	Jun. 1, 2020
Mortgage Loans | Primrose II Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 22,017	22,473
Mortgage Loans | Novi Orthopaedic Center
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2]	3.61%
Payment Terms		Monthly interest only payments through June 2018; principal and interest payments thereafter based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Interest payments ending date		2018-06
Maturity Date	[4]	Jun. 15, 2020
Mortgage Loans | Novi Orthopaedic Center | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 19,825	19,825
Mortgage Loans | ProMed Building I
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2],[5]	3.64%
Payment Terms		Monthly principal and interest payments based upon a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Maturity Date	[4]	Jan. 15, 2022
Mortgage Loans | ProMed Building I | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 6,865	7,050
Mortgage Loans | Primrose I Communities
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2],[6]	4.11%
Payment Terms	[6]	Monthly principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period	[6]	30 years
Maturity Date	[4],[6]	Sep. 1, 2022
Mortgage Loans | Primrose I Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[6]	$ 51,000	52,048
Mortgage Loans | Watercrest at Mansfield
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2],[7]	4.68%
Payment Terms	[7]	Monthly principal and interest payments based on a total payment of $143,330
Maturity Date	[4],[7]	Jun. 1, 2023
Mortgage Loans | Watercrest at Mansfield | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[7]	$ 26,165	26,628
Mortgage Loans | 540 New Waverly Place
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2],[8]	4.08%
Payment Terms	[8]	Monthly principal and interest payments based upon a 25-year amortization schedule
Principal and interest payments amortizable period	[8]	25 years
Maturity Date	[4],[8]	May 31, 2028
Mortgage Loans | 540 New Waverly Place | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[8]	$ 6,868	7,048
Mortgage Loans | LaPorte Cancer Center Westville, Indiana
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2]	4.25%
Payment Terms		Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Maturity Date	[4]	Jun. 14, 2028
Mortgage Loans | LaPorte Cancer Center Westville, Indiana | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 7,797	8,013
Mortgage Loans | Lee Hughes Medical Building
Debt Instrument [Line Items]
Payment Terms		Monthly principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[4]	Sep. 5, 2016
Mortgage Loans | Lee Hughes Medical Building | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 18,102	18,632
Mortgage Loans | Northwest Medical Park
Debt Instrument [Line Items]
Payment Terms	[9]	Monthly principal and interest payments based upon a 25-year amortization schedule
Principal and interest payments amortizable period	[9]	25 years
Maturity Date	[4],[9]	Oct. 31, 2017
Mortgage Loans | Northwest Medical Park | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[9]	$ 6,886	7,008
Mortgage Loans | Claremont Medical Office
Debt Instrument [Line Items]
Payment Terms	[10]	Monthly principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period	[10]	30 years
Maturity Date	[4],[10]	Jan. 16, 2018
Mortgage Loans | Claremont Medical Office | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[10]	$ 12,478	12,683
Mortgage Loans | Knoxville MOBs
Debt Instrument [Line Items]
Payment Terms	[11]	Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period	[11]	30 years
Maturity Date	[4],[11]	Jul. 10, 2018
Mortgage Loans | Knoxville MOBs | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[11]	$ 37,491	38,087
Mortgage Loans | Calvert Medical Office Properties
Debt Instrument [Line Items]
Payment Terms	[12]	Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period	[12]	30 years
Maturity Date	[4],[12]	Aug. 29, 2018
Mortgage Loans | Calvert Medical Office Properties | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[12]	$ 25,546	25,950
Mortgage Loans | MHOSH MOB
Debt Instrument [Line Items]
Payment Terms	[13]	Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period	[13]	25 years
Maturity Date	[4],[13]	Jun. 2, 2019
Mortgage Loans | MHOSH MOB | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[13]	$ 47,983	48,832
Mortgage Loans | Medical Portfolio II
Debt Instrument [Line Items]
Payment Terms	[14]	Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period	[14]	25 years
Maturity Date	[4],[14]	Jul. 14, 2019
Mortgage Loans | Medical Portfolio II | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[14]	$ 81,365	83,295
Mortgage Loans | Southeast Medical Office Properties
Debt Instrument [Line Items]
Payment Terms	[15]	Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period	[15]	25 years
Maturity Date	[4],[15]	Dec. 22, 2019
Mortgage Loans | Southeast Medical Office Properties | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[15]	$ 155,090	160,206
Mortgage Loans | Palmilla Senior Living
Debt Instrument [Line Items]
Payment Terms		Interest only payments through April 2017; principal payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Interest payments ending date		2017-04
Maturity Date	[4]	Mar. 22, 2020
Mortgage Loans | Palmilla Senior Living | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 27,000
Mortgage Loans | Triangle Orthopaedic
Debt Instrument [Line Items]
Payment Terms		Interest only payments through March 2017; principal payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Interest payments ending date		2017-03
Maturity Date	[4]	Apr. 11, 2021
Mortgage Loans | Triangle Orthopaedic | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 37,800
Mortgage Loans | Cobalt Rehabilitation Hospital Surprise
Debt Instrument [Line Items]
Payment Terms		Monthly interest only payments through May 2017; principal payments thereafter based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Interest payments ending date		2017-05
Maturity Date	[4]	May 19, 2022
Mortgage Loans | Cobalt Rehabilitation Hospital Surprise | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 15,379
Mortgage Loans | Cobalt Rehabilitation Hospital New Orleans
Debt Instrument [Line Items]
Payment Terms		Monthly interest only payments through October 2017; principal payments thereafter based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Interest payments ending date		2017-10
Maturity Date	[4]	Oct. 19, 2022
Mortgage Loans | Cobalt Rehabilitation Hospital New Orleans | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 19,500
Construction Loan | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 13,542
Construction Loan | Raider Ranch Development | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable			7,528
Construction Loan | Watercrest at Katy
Debt Instrument [Line Items]
Payment Terms		Monthly interest only payments through December 2017
Maturity Date	[4]	Dec. 27, 2017
Construction Loan | Watercrest at Katy | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 24,047	10,632
Construction Loan | Wellmore of Tega Cay | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable			23,695
Construction Loan | HarborChase Of Shorewood (Shorewood, Wisconsin)
Debt Instrument [Line Items]
Payment Terms		Monthly interest only payments through June 2017; principal and interest payments thereafter based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Interest payments ending date		2017-06
Maturity Date	[4]	Jul. 15, 2019
Construction Loan | HarborChase Of Shorewood (Shorewood, Wisconsin) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 14,755	12,469
Construction Loan | Wellmore of Lexington (Lexington, SC)
Debt Instrument [Line Items]
Payment Terms		Monthly interest only payments through September 2019
Interest payments ending date		2019-09
Maturity Date	[4]	Sep. 13, 2019
Construction Loan | Waterstone on Augusta (Greenville, SC)
Debt Instrument [Line Items]
Payment Terms		Monthly interest only payments through September 2018; principal payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Interest payments ending date		2018-09
Maturity Date	[4]	Sep. 1, 2020
Construction Loan | Waterstone on Augusta (Greenville, SC) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 12,698
Construction Loan | Fieldstone at Pear Orchard (Yakima, Washington)
Debt Instrument [Line Items]
Payment Terms		Monthly interest only payments through September 2018; principal payments thereafter based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Interest payments ending date		2018-09
Maturity Date	[4]	Oct. 15, 2020
Construction Loan | Fieldstone at Pear Orchard (Yakima, Washington) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 8,861
Construction Loan | The Dogwood Forest of Grayson (Grayson, GA)
Debt Instrument [Line Items]
Payment Terms		Monthly interest only payments through December 2018; principal payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Interest payments ending date		2018-12
Maturity Date	[4]	Dec. 1, 2020
Construction Loan | The Dogwood Forest of Grayson (Grayson, GA) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 3,351
Mortgage And Construction Loans
Debt Instrument [Line Items]
Carrying Value		944,003	840,656
Mortgage And Construction Loans | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 561,874	$ 449,017
30-day LIBOR | Mortgage Loans | Lee Hughes Medical Building
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	1.85%
30-day LIBOR | Mortgage Loans | Northwest Medical Park
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2],[9]	2.30%
30-day LIBOR | Mortgage Loans | Claremont Medical Office
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2],[10]	2.60%
30-day LIBOR | Mortgage Loans | Knoxville MOBs
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2],[11]	2.50%
30-day LIBOR | Mortgage Loans | Calvert Medical Office Properties
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2],[12]	2.50%
30-day LIBOR | Mortgage Loans | MHOSH MOB
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2],[13]	2.85%
Payment Terms	[2],[13]	0.40%
30-day LIBOR | Mortgage Loans | Medical Portfolio II
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2],[14]	2.35%
Payment Terms	[2],[14]	0.25%
30-day LIBOR | Mortgage Loans | Southeast Medical Office Properties
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2],[15]	2.00%
30-day LIBOR | Mortgage Loans | Palmilla Senior Living
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	2.00%
30-day LIBOR | Mortgage Loans | Triangle Orthopaedic
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	2.25%
30-day LIBOR | Mortgage Loans | Cobalt Rehabilitation Hospital Surprise
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	2.60%
Payment Terms		0.40%
30-day LIBOR | Mortgage Loans | Cobalt Rehabilitation Hospital New Orleans
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	2.45%
Payment Terms		0.55%
30-day LIBOR | Construction Loan
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	2.50%
30-day LIBOR | Construction Loan | Watercrest at Katy
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	2.75%
30-day LIBOR | Construction Loan | HarborChase Of Shorewood (Shorewood, Wisconsin)
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	3.00%
30-day LIBOR | Construction Loan | Waterstone on Augusta (Greenville, SC)
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	3.00%
30-day LIBOR | Construction Loan | Fieldstone at Pear Orchard (Yakima, Washington)
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	2.90%
30-day LIBOR | Construction Loan | The Dogwood Forest of Grayson (Grayson, GA)
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[2]	3.00%
[1]	As of December 31, 2016 and 2015, the Company had entered into interest rate swaps with notional amounts of approximately $521.5 million and $480.7 million, respectively, which were settling on a monthly basis. In addition, as of December 31, 2015, the Company had entered into forward-starting interest rate swaps for total notional amounts of approximately $48.4 million in order to hedge its exposure to variable rate debt beginning in June 2016. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[2]	The 30-day and 90-day LIBOR were approximately 0.77% and 1.00%, respectively, as of December 31, 2016 and approximately 0.43% and 0.61%, respectively, as of December 31, 2015.
[3]	The Pacific Northwest Loan may be prepaid, in whole or in part, with a prepayment premium equal to the greater of: (i) one percent (1%) of the principal amount being prepaid, multiplied by the quotient of the number of full months remaining until the maturity date of the loan (calculated as of the prepayment date) divided by the number of full months comprising the term of the loan; or (b) a “make-whole” payment equal to the present value of the loan less the amount of principal and accrued interest being prepaid calculated as of the prepayment date for the period between that date and the maturity date.
[4]	Represents the initial maturity date (or, as applicable, the maturity date as extended). Certain of the Company’s mortgages and other notes payable agreements include extension options held by the Company under which the maturity dates may be extended beyond the date presented, subject to certain lender conditions and/or related fees.
[5]	Beginning January 2020, the interest rate transitions to variable rate based on 30-day LIBOR plus 2.20% per annum.
[6]	If prepaid prior to March 1, 2022, the Primrose I Communities Mortgage Loan is subject to a prepayment penalty in an amount equal to the greater of (i) 1% of the principal being repaid, or (ii) an amount calculated on the principal being repaid, multiplied by the difference between the Primrose I Communities Mortgage Loan interest rate, and a calculated yield rate tied to the rates on applicable U.S. Treasuries. If prepayment is made between March 1, 2022, and May 31, 2022, the prepayment penalty will be 1% of the outstanding principal balance of the Primrose I Communities Mortgage Loan. No prepayment fee is required if the Primrose I Communities Mortgage Loan is prepaid between June 1, 2022 and maturity. Partial prepayment of a loan is not permitted. The loan is transferable upon sale of the assets subject to lender approval.
[7]	The balance for this loan excludes a remaining premium of $0.3 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date.
[8]	The balance for this loan excludes a remaining premium of $0.1 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date.
[9]	The Company entered into an interest rate swap with a remaining notional amount of $6.9 million; see Note 12. “Derivative Financial Instruments” for additional information
[10]	The balance for this loan excludes a remaining discount of $0.2 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date. In addition, the Company entered into a three-year forward interest rate swap with a remaining notional amount of $12.1 million; see Note 12. “Derivative Financial Instruments” for additional information.
[11]	The Company entered into an interest rate swap with a remaining notional amount of $37.4 million; see Note 12. “Derivative Financial Instruments” for additional information.
[12]	The Company entered into an interest rate swap with a remaining notional amount of $25.5 million; see Note 12. “Derivative Financial Instruments” for additional information.
[13]	The Company entered into a three-year forward interest rate swap with a remaining notional amount of $48.0 million; see Note 12. “Derivative Financial Instruments” for additional information.
[14]	The Company entered into an interest rate swap with a remaining notional amount of $82.4 million; see Note 12. “Derivative Financial Instruments” for additional information.
[15]	The Company entered into an interest rate swap with a remaining notional amount of $134.3 million; see Note 12. “Derivative Financial Instruments” for additional information.

Schedule of Indebtedness (Paren

Schedule of Indebtedness (Parenthetical) (Detail) - USD ($)		1 Months Ended	12 Months Ended
		Aug. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
30-day LIBOR
Debt Instrument [Line Items]
Interest accrues on loan, LIBOR			0.77%	0.43%
Ninety Days London Interbank Offered Rate
Debt Instrument [Line Items]
Interest accrues on loan, LIBOR			1.00%	0.61%
Mortgage Loans | Northwest Medical Park
Debt Instrument [Line Items]
Notional amount of derivative contract			$ 6,900,000
Mortgage Loans | Knoxville MOBs
Debt Instrument [Line Items]
Notional amount of derivative contract			37,400,000
Mortgage Loans | Calvert Medical Office Properties
Debt Instrument [Line Items]
Notional amount of derivative contract			25,500,000
Mortgage Loans | Medical Portfolio I Properties
Debt Instrument [Line Items]
Notional amount of derivative contract			82,400,000
Mortgage Loans | Southeast Medical Office Properties
Debt Instrument [Line Items]
Notional amount of derivative contract			134,300,000
Mortgage Loans | Variable Rate Debt | Claremont Medical Office
Debt Instrument [Line Items]
Remaining loan discount			200,000
Mortgage Loans | 3-year forward interest rate swap | Claremont Medical Office
Debt Instrument [Line Items]
Notional amount of derivative contract			$ 12,100,000
Derivative contract, maturity period			3 years
Mortgage Loans | 3-year forward interest rate swap | Houston Orthopedic And Spine Hospital
Debt Instrument [Line Items]
Notional amount of derivative contract			$ 48,000,000
Derivative contract, maturity period			3 years
Construction Loan | 30-day LIBOR
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[1]		2.50%
Watercrest at Mansfield | Mortgage Loans
Debt Instrument [Line Items]
Monthly principal and interest payment			$ 143,330
Watercrest at Mansfield | Mortgage Loans | Fixed rate debt
Debt Instrument [Line Items]
Remaining loan premium			$ 300,000
Pacific Northwest II Communities | Mortgage Loans | Minimum
Debt Instrument [Line Items]
Percentage of prepayment penalty on principal repaid			1.00%
ProMed Building I | Mortgage Loans | 30-day LIBOR
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR			2.20%
Primrose I Communities | Mortgage Loans | Minimum | If prepaid prior to March 1, 2022
Debt Instrument [Line Items]
Percentage of prepayment penalty on principal repaid			1.00%
540 New Waverly Place | Mortgage Loans | Fixed rate debt
Debt Instrument [Line Items]
Remaining loan premium			$ 100,000
Raider Ranch Development | Construction Loan
Debt Instrument [Line Items]
Extinguishment of outstanding debt		$ 9,700,000
Write off of unamortized loan cost			100,000
Wellmore of Tega Cay | Construction Loan
Debt Instrument [Line Items]
Extinguishment of outstanding debt		$ 24,700,000
Write off of unamortized loan cost			300,000
Payments of Debt Extinguishment Costs			$ 1,100,000
[1]	The 30-day and 90-day LIBOR were approximately 0.77% and 1.00%, respectively, as of December 31, 2016 and approximately 0.43% and 0.61%, respectively, as of December 31, 2015.

Related Party Arrangements - Ad

Related Party Arrangements - Additional Information (Detail) - USD ($)		1 Months Ended	12 Months Ended
		Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2014	Jun. 30, 2013
Related Party Transaction [Line Items]
Selling commissions			7.00%
Marketing support fees			3.00%
Investment service fee as percentage of purchase price of properties			1.85%
Monthly asset management fee as Percentage of real estate value			0.08334%
Financing coordination fee as percentage of gross amount of refinancing			1.00%
Advisor disposition fee as percentage of competitive real estate commission			50.00%
Advisor disposition fee as percentage of sales price of property			1.00%
Advisor disposition fee as percentage of sales price of asset			1.00%
Annualized return of investment			6.00%
Oversight fee as percentage of gross revenues from property managed			1.00%
Construction management fee as percentage of hard and soft costs			5.00%
Initial purchase price of property percentage			10.00%
Property management fees	[1],[2]		$ 417,000	$ 418,000
Investment services fees	[3]		$ 739,000	18,561,000		$ 18,553,000
Operating expenses reimbursement as percentage average invested assets			2.00%
Operating expenses reimbursement percentage of net income			25.00%
Bank deposits				100,000
Purchase price			$ 28,588,000	880,873,000
Total construction loan							$ 6,200,000
Fieldstone Memory Care
Related Party Transaction [Line Items]
Purchase price		$ 12,400,000		12,400,000	[4]
Property Manager
Related Party Transaction [Line Items]
Property management fees			$ 1,000,000
Advisor And Property Manager
Related Party Transaction [Line Items]
Annualized return of investment			6.00%
CNL Capital Markets Corp
Related Party Transaction [Line Items]
Investment services fees			$ 900,000	600,000		$ 400,000
Co-venture partners
Related Party Transaction [Line Items]
Payment to co-venture partner				$ 2,000
Receivable amount recorded			$ 0
Single Tenant Properties
Related Party Transaction [Line Items]
Property management fees as percentage of annual gross rental revenue			2.00%
Multi Tenant Properties
Related Party Transaction [Line Items]
Property management fees as percentage of annual gross rental revenue			4.00%
[1]	Amounts are recorded as due to related parties in the accompanying consolidated balance sheets.
[2]	For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $5.1 million, $3.9 million and $2.9 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $0.9 million, $0.7 million and $0.9 million, respectively, in construction management fees were capitalized and included in real estate under development in the accompanying consolidated balance sheets.
[3]	For the year ended December 31, 2016, the Company incurred approximately $0.7 million in investment services fees of which approximately $0.2 million, was capitalized and included in real estate under development in the accompanying consolidated balance sheets. For the year ended December 31, 2015, the Company incurred approximately $18.6 million in investment service fees of which approximately $2.3 million was capitalized and included in real estate under development. For the year ended December 31, 2014, the Company incurred approximately $18.6 million in investment service fees of which approximately $1.8 million was capitalized and included in real estate under development. Investment service fees, that are not capitalized, are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
[4]	This represents a single property or portfolio acquisition that is not considered material to the Company and as such no pro forma financial information has been included related to this property.

Fees in Connection with Offerin

Fees in Connection with Offering (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions [Abstract]
Selling commissions	[1]	$ 12,507	$ 18,387
Marketing support fees	[1]	16,242	16,429
Total offering expenses		$ 28,749	$ 34,816
[1]	Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders’ equity and redeemable noncontrolling interest. Amounts include approximately $25,000 and $30,000 of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the year ended December 31, 2015 and 2014, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.

Schedule of Fees, Reimbursable

Schedule of Fees, Reimbursable Expenses and Related Amounts Unpaid to Related Parties (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Offering costs	[1]		$ 3,446,000	$ 5,151,000
Operating expenses	[2]	$ 5,966,000	5,214,000	3,863,000
Acquisition fees and expenses		974,000	21,526,000	23,931,000
Total reimbursable expenses		6,070,000	9,273,000	9,628,000
Investment services fees	[3]	739,000	18,561,000	18,553,000
Disposition fee	[4]	343,000
Financing coordination fees		0	0	220,000	[5]
Property management fees		18,532,000	14,759,000	8,942,000
Asset management fees		25,443,000	17,892,000	8,481,000
Total reimbursable expenses, net		41,332,000	54,565,000	44,995,000
Offering costs, unpaid	[1],[6]		32,000
Operating expenses, unpaid	[2],[6]	1,072,000	935,000
Acquisition fees and expenses, unpaid	[6]	3,000	12,000
Total reimbursable expenses due	[6]	1,075,000	979,000
Investment services fees, unpaid	[3],[6]	17,000	182,000
Property management fees, unpaid	[6],[7]	417,000	418,000
Asset management fees, unpaid	[6],[8]	1,956,000	224,000
Total related amount unpaid	[6]	3,465,000	1,803,000
Reimbursable expense
Related Party Transaction [Line Items]
Property management fees	[7]	5,059,000	3,894,000	2,982,000
Asset management fees	[8]	29,121,000	22,837,000	13,612,000
Property Manager
Related Party Transaction [Line Items]
Acquisition fees and expenses		104,000	$ 613,000	$ 614,000
Property management fees, unpaid		$ 1,000,000
[1]	Amounts are recorded as stock issuance and offering costs in the accompanying consolidated statements of stockholders’ equity and redeemable noncontrolling interest. Amounts include approximately $25,000 and $30,000 of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the year ended December 31, 2015 and 2014, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.
[2]	Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations. Amounts include approximately $0.1 million, $0.1 million and $0.2 million of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2016, 2015 and 2014, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.
[3]	For the year ended December 31, 2016, the Company incurred approximately $0.7 million in investment services fees of which approximately $0.2 million, was capitalized and included in real estate under development in the accompanying consolidated balance sheets. For the year ended December 31, 2015, the Company incurred approximately $18.6 million in investment service fees of which approximately $2.3 million was capitalized and included in real estate under development. For the year ended December 31, 2014, the Company incurred approximately $18.6 million in investment service fees of which approximately $1.8 million was capitalized and included in real estate under development. Investment service fees, that are not capitalized, are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
[4]	Amounts are recorded as a reduction to gain on sale of real estate in the accompanying consolidated statements of operations.
[5]	For the year ended December 31, 2014, the Company incurred approximately $0.2 million in financing coordination fees, which was capitalized and included in its investment in the Windsor Manor Joint Venture. There were no financing coordination fees for the years ended December 31, 2016 and 2015.
[6]	Amounts are recorded as due to related parties in the accompanying consolidated balance sheets.
[7]	For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $5.1 million, $3.9 million and $2.9 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $0.9 million, $0.7 million and $0.9 million, respectively, in construction management fees were capitalized and included in real estate under development in the accompanying consolidated balance sheets.
[8]	For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $29.1 million, $22.9 million and $13.6 million, respectively, in asset management fees payable to the Advisor of which approximately $2.9 million, $4.4 million and $4.9 million, respectively, were settled in accordance with the terms of the Advisor Expense Support Agreement and approximately $0.8 million, $0.6 million and $0.3 million, respectively, were capitalized and included in real estate under development in the accompanying consolidated balance sheets.

Schedule of Fees, Reimbursabl82

Schedule of Fees, Reimbursable Expenses and Related Amounts Unpaid to Related Parties (Parenthetical) (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Investment services fees	[1]	$ 739,000	$ 18,561,000	$ 18,553,000
Investment service fees capitalized		200,000	2,300,000	1,800,000
Financing coordination fees		0	0	220,000	[2]
Construction management fees capitalized		900,000	700,000	900,000
Asset management fees		25,443,000	17,892,000	8,481,000
Expense under Support Agreement		2,900,000	4,400,000	4,900,000
Asset management fees capitalized		800,000	600,000	300,000
Investment Services Fees
Related Party Transaction [Line Items]
Investment services fees		700,000	18,600,000	18,600,000
Reimbursable expense
Related Party Transaction [Line Items]
Advisory fee paid			25,000	30,000
Property and construction management fees payable		5,100,000	3,900,000	2,900,000
Asset management fees	[3]	29,121,000	22,837,000	13,612,000
Reimbursable expense | General and Administrative Expense
Related Party Transaction [Line Items]
Advisory fee paid		$ 100,000	$ 100,000	$ 200,000
[1]	For the year ended December 31, 2016, the Company incurred approximately $0.7 million in investment services fees of which approximately $0.2 million, was capitalized and included in real estate under development in the accompanying consolidated balance sheets. For the year ended December 31, 2015, the Company incurred approximately $18.6 million in investment service fees of which approximately $2.3 million was capitalized and included in real estate under development. For the year ended December 31, 2014, the Company incurred approximately $18.6 million in investment service fees of which approximately $1.8 million was capitalized and included in real estate under development. Investment service fees, that are not capitalized, are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
[2]	For the year ended December 31, 2014, the Company incurred approximately $0.2 million in financing coordination fees, which was capitalized and included in its investment in the Windsor Manor Joint Venture. There were no financing coordination fees for the years ended December 31, 2016 and 2015.
[3]	For the years ended December 31, 2016, 2015 and 2014, the Company incurred approximately $29.1 million, $22.9 million and $13.6 million, respectively, in asset management fees payable to the Advisor of which approximately $2.9 million, $4.4 million and $4.9 million, respectively, were settled in accordance with the terms of the Advisor Expense Support Agreement and approximately $0.8 million, $0.6 million and $0.3 million, respectively, were capitalized and included in real estate under development in the accompanying consolidated balance sheets.

Related Party Arrangement, Fees

Related Party Arrangement, Fees and Expenses Incurred (Detail) - USD ($) $ / shares in Units, shares in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Asset management fees		$ 25,443,000	$ 17,892,000	$ 8,481,000
Cash distributions on Restricted Stock		31,454,000	$ 26,373,000	$ 14,203,000
Stock distributions, shares			3,200	2,400
Expense Support Agreements
Related Party Transaction [Line Items]
Asset management fees	[1]	$ 2,918,000	$ 4,379,000	$ 4,867,000
Then-current offering price or NAV	[2]	$ 10.04	$ 10.19	$ 10.24
Restricted Stock shares	[3]	291	423	478
Asset management fees	[1]	$ 13,565
Then-current offering price or NAV	[2]	$ 9.75
Expense Support Agreements | Restricted Stock
Related Party Transaction [Line Items]
Cash distributions on Restricted Stock	[4]	$ 427,000	$ 281,000	$ 98,000
Stock distributions, shares	[5]		14	7
Restricted Stock shares	[3]	1,332
Cash distributions on Restricted Stock	[4]	$ 810,000
Stock distributions on Restricted Stock	[5]	21
[1]	No other amounts have been settled in connection with the Expense Support Agreements for the years ended December 31, 2016, 2015 and 2014, and cumulatively as of December 31, 2016.
[2]	The number of restricted stock shares granted to the Advisor in lieu of payment in cash is determined by dividing the expense support amount for the respective determination date by the then-current public offering price as of the Original Determination Date or by the then-current NAV per share as of the Amended Determination Date.
[3]	Restricted stock shares are comprised of approximately 1.0 million issued to the Advisor and approximately 0.3 million issuable to the Advisor as of December 31, 2016. No fair value was assigned to the restricted stock shares as the shares were valued at zero, which represents the lowest possible value estimated at vesting. In addition, the restricted stock shares were treated as unissued for financial reporting purposes because the vesting criteria had not been met as of December 31, 2016.
[4]	The cash distributions have been recognized as compensation expense as issued and included in general and administrative expense in the accompanying consolidated statements of operations.
[5]	This represents the number of shares issued to the Advisor as stock distributions on its restricted stock shares. The par value of the stock distributions has been recognized as compensation expense as issued and included in general and administrative expense in the accompanying consolidated statements of operations.

Related Party Arrangement, Fe84

Related Party Arrangement, Fees and Expenses Incurred (Parenthetical) (Detail) shares in Millions	12 Months Ended
	Dec. 31, 2016USD ($)shares
Related Party Transactions [Abstract]
Shares issued to Advisor	1
Shares issuable to Advisor	0.3
Restricted stock fair value | $	$ 0

Amounts Related to Derivative F

Amounts Related to Derivative Financial Instruments Included in Unconsolidated Entities in Condensed Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Derivative Financial Instruments One
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 12,050
Strike	[2]	1.30%
Credit Spread	[2]	2.60%
Trade date		Jan. 17, 2013
Forward date		Jan. 15, 2015
Maturity date		Jan. 16, 2018
Fair value asset (liability)		$ (44)	$ (85)
Derivative Financial Instruments Two
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 37,446
Strike	[2]	2.70%
Credit Spread	[2]	2.50%
Trade date		Sep. 6, 2013
Forward date		Aug. 17, 2015
Maturity date		Jul. 10, 2018
Fair value asset (liability)		$ (878)	(1,472)
Derivative Financial Instruments Three
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 25,516
Strike	[2]	2.80%
Credit Spread	[2]	2.50%
Trade date		Sep. 6, 2013
Forward date		Aug. 17, 2015
Maturity date		Aug. 29, 2018
Fair value asset (liability)		$ (667)	(1,086)
Derivative Financial Instruments Four
Derivative [Line Items]
Notional amount of derivative contract	[3]	$ 10,422
Strike	[2]	3.00%
Trade date		Jun. 27, 2014
Forward date		Jun. 30, 2014
Maturity date		Jun. 30, 2017
Fair value asset (liability)			1
Derivative Financial Instruments Five
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 47,983
Strike	[2]	2.40%
Credit Spread	[2]	2.90%
Trade date		Aug. 15, 2014
Forward date		Jun. 1, 2016
Maturity date		Jun. 2, 2019
Fair value asset (liability)		$ (949)	(1,066)
Derivative Financial Instruments Six
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 82,370
Strike	[2]	2.30%
Credit Spread	[2]	2.40%
Trade date		Sep. 12, 2014
Forward date		Aug. 1, 2015
Maturity date		Jul. 15, 2019
Fair value asset (liability)		$ (1,512)	(2,283)
Derivative Financial Instruments Seven
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 6,876
Strike	[2]	1.20%
Credit Spread	[2]	2.30%
Trade date		Nov. 12, 2014
Forward date		Nov. 15, 2014
Maturity date		Oct. 15, 2017
Fair value asset (liability)		$ (17)	(37)
Derivative Financial Instruments Eight
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 175,000
Strike	[2]	1.60%
Credit Spread	[2]	2.00%
Trade date		Dec. 23, 2014
Forward date		Dec. 19, 2014
Maturity date		Feb. 19, 2019
Fair value asset (liability)		$ (992)	(1,694)
Derivative Financial Instruments Nine
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 134,258
Strike	[2]	1.70%
Credit Spread	[2]	2.00%
Trade date		Jan. 9, 2015
Forward date		Dec. 10, 2015
Maturity date		Dec. 22, 2019
Fair value asset (liability)		$ (976)	(1,795)
Derivative Financial Instruments Ten
Derivative [Line Items]
Notional amount of derivative contract	[3]	$ 260,000
Strike	[2]	1.50%
Trade date		Nov. 19, 2015
Forward date		Nov. 19, 2015
Maturity date		Nov. 30, 2018
Fair value asset (liability)		$ 600	$ 1,988
Derivative Financial Instruments Eleven
Derivative [Line Items]
Notional amount of derivative contract	[3]	$ 150,000
Strike	[2]	1.50%
Trade date		Mar. 1, 2016
Forward date		Mar. 1, 2016
Maturity date		Nov. 30, 2018
Fair value asset (liability)		$ 346
[1]	Amounts related to interest rate swaps held by the Company, or its equity method investments, which are recorded at fair value and included in either other assets or other liabilities in the accompanying consolidated balance sheets.
[2]	The all-in rates are equal to the sum of the Strike and Credit Spread detailed above.
[3]	Amounts related to the interest rate caps held by the Company, or its equity method investments, which are recorded at fair value and included in other assets in the accompanying consolidated balance sheets.

Summary of the Gross and Net Pr

Summary of the Gross and Net Presentation of Amounts Related to the Derivative Financial Instruments (Detail) - USD ($) $ in Thousands		Dec. 31, 2016	Dec. 31, 2015
Interest Rate Swap Agreement One
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 12,050	$ 12,248
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(44)	(85)
Fair value asset (liability)		(44)	(85)
Interest Rate Swap Agreement Two
Derivative [Line Items]
Notional amount of derivative contract	[1]	37,446	38,052
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(878)	(1,472)
Fair value asset (liability)		(878)	(1,472)
Interest Rate Swap Agreement Three
Derivative [Line Items]
Notional amount of derivative contract	[1]	25,516	25,929
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(667)	(1,086)
Fair value asset (liability)		(667)	(1,086)
Interest Rate Swap Agreement Four
Derivative [Line Items]
Notional amount of derivative contract	[2]	10,422	10,699
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount			1
Fair value asset (liability)			1
Interest Rate Swap Agreement Five
Derivative [Line Items]
Notional amount of derivative contract	[1]	47,983	48,415
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(949)	(1,066)
Fair value asset (liability)		(949)	(1,066)
Interest Rate Swap Six Agreement
Derivative [Line Items]
Notional amount of derivative contract	[1]	82,370	83,797
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(1,512)	(2,283)
Fair value asset (liability)		(1,512)	(2,283)
Interest Rate Swap Seven Agreement
Derivative [Line Items]
Notional amount of derivative contract	[1]	6,876	6,998
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(17)	(37)
Fair value asset (liability)		(17)	(37)
Interest Rate Swap Eight Agreement
Derivative [Line Items]
Notional amount of derivative contract	[1]	175,000	175,000
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(992)	(1,694)
Fair value asset (liability)		(992)	(1,694)
Interest Rate Swap Nine Agreement
Derivative [Line Items]
Notional amount of derivative contract	[1]	134,258	138,698
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(976)	(1,795)
Fair value asset (liability)		(976)	(1,795)
Interest Rate Swap Ten Agreement
Derivative [Line Items]
Notional amount of derivative contract	[2]	260,000	260,000
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		600	1,988
Fair value asset (liability)		600	$ 1,988
Interest Rate Swap Eleven Agreement
Derivative [Line Items]
Notional amount of derivative contract	[2]	150,000
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		346
Fair value asset (liability)		$ 346
[1]	Amounts related to interest rate swaps held by the Company, or its equity method investments, which are recorded at fair value and included in either other assets or other liabilities in the accompanying consolidated balance sheets.
[2]	Amounts related to the interest rate caps held by the Company, or its equity method investments, which are recorded at fair value and included in other assets in the accompanying consolidated balance sheets.

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended			52 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Class Of Stock [Line Items]
Redeemable noncontrolling interest in joint venture	5.00%
Aggregate proceeds received from offering	$ 42,554	$ 588,704	$ 572,324	$ 1,700,000
Maximum percentage on selling commission, marketing support fees, and other organizational and offering cost on aggregate gross offering proceeds	15.00%
Stock issuance and other offering cost		57,400	59,800
Cash distribution declared	$ 74,008	63,201	31,919
Cash paid to stockholders	$ 31,454	$ 26,373	$ 14,203
Stock distributions, shares		3,200	2,400
Redemption of common stock, per share	$ 9.73	$ 9.51	$ 9.24
Redemptions of common stock	$ 36,243	$ 9,309	$ 2,996
Common Stock
Class Of Stock [Line Items]
Aggregate proceeds received from offering	$ 44	$ 561	$ 560
Subscriptions received for common stock through public offering and reinvestment plan (in shares)	4,365	55,956	56,006
Stock distributions, shares		3,196	2,356
Redemption of common stock, shares	3,725	978	324
Redemptions of common stock	$ 37	$ 12	$ 3
Reinvestment Plan
Class Of Stock [Line Items]
Aggregate proceeds received from offering	$ 42,600	$ 36,800	$ 17,700
Subscriptions received for common stock through public offering and reinvestment plan (in shares)	4,400	3,700	1,800
Cash distribution declared	$ 42,600	$ 36,800	$ 17,700

Tax Composition of Company's Di

Tax Composition of Company's Distributions Declared (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Uncategorized [Abstract]
Ordinary income	21.50%	37.80%	30.80%
Capital gain	14.40%	0.00%	0.00%
Unrecaptured Sec. 1250 gain	1.20%	0.00%	0.00%
Return of capital	62.90%	62.20%	69.20%

Equity - Distributions of promo

Equity - Distributions of promoted interest to share holders (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2014
Class Of Stock [Line Items]
Distributions to holders of promoted interest	$ (6,650)	$ (2,000)
Dogwood Forest Of Acworth
Class Of Stock [Line Items]
Distributions to holders of promoted interest	(3,850)
Wellmore of Tega Cay
Class Of Stock [Line Items]
Distributions to holders of promoted interest	$ (2,800)
Harborchase of Villages Crossing
Class Of Stock [Line Items]
Distributions to holders of promoted interest		$ (2,000)

Effect of Derivative Financial

Effect of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	$ 1,884	$ (4,883)	$ (3,905)
Interest Expense and Loan Cost Amortization
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	(7,177)	(4,379)	(98)
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	3,487	(4,881)	(3,915)
Interest Rate Swap | Interest Expense and Loan Cost Amortization
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	(7,150)	(4,110)	(98)
Interest Rate Cap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	(1,584)	(262)
Interest Rate Cap | Interest Expense and Loan Cost Amortization
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	(45)
Interest Rate Cap | Unconsolidated Joint Venture
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	(1)	(9)	$ 10
Reclassification of Interest Rate Swaps Upon Derecognition
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss		236
Reclassification of Interest Rate Swaps Upon Derecognition | Interest Expense and Loan Cost Amortization
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated other comprehensive loss into earnings		(236)
Reclassification of Interest Rate Swaps Due to Ineffectiveness
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	(18)	33
Reclassification of Interest Rate Swaps Due to Ineffectiveness | Interest Expense and Loan Cost Amortization
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	$ 18	$ (33)

Components of Income Tax Expens

Components of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
State	$ (351)	$ (378)	$ (361)
Total current expense	(351)	(378)	(361)
Deferred:
Income tax expense	$ (351)	$ (378)	$ (361)

Significant Components of Defer

Significant Components of Deferred Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Carryforwards of net operating loss	$ 9,110	$ 5,220
Prepaid rent	442	619
Valuation allowance	(9,552)	(5,839)
Net deferred tax assets	$ 0	$ 0

Reconciliation of Income Tax Ex

Reconciliation of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Tax benefit computed at federal statutory rate	$ 11,002	$ 23,701	$ 18,253
Impact of REIT election	(11,002)	(23,701)	(18,253)
State income tax expense	(351)	(378)	(361)
Income tax expense	$ (351)	$ (378)	$ (361)
Tax benefit computed at federal statutory rate	35.00%	35.00%	35.00%
Impact of REIT election	(35.00%)	(35.00%)	(35.00%)
State income tax expense	(1.12%)	(0.56%)	(0.69%)
Income tax expense	(1.12%)	(0.56%)	(0.69%)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Income Taxes [Line Items]
Net operating loss carry-forwards for federal and state	$ 48.6
Earliest Tax Year
Income Taxes [Line Items]
Tax year subject to examination	2,013
Latest Tax Year
Income Taxes [Line Items]
Tax year subject to examination	2,016
Net operating loss carry-forwards expire in 2034
Income Taxes [Line Items]
Net operating loss carry-forwards for federal and state	$ 11.5
Net Operating loss carry-forwards, expiration year	2,034
Net operating loss carry-forwards expire in 2035
Income Taxes [Line Items]
Net operating loss carry-forwards for federal and state	$ 16.6
Net Operating loss carry-forwards, expiration year	2,035
Net operating loss carry-forwards expire in 2036
Income Taxes [Line Items]
Net operating loss carry-forwards for federal and state	$ 19.6
Net Operating loss carry-forwards, expiration year	2,036

Geographical Concentrations tha

Geographical Concentrations that Individually Accounted for 10% or More of Total Revenues (Detail)		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Total Revenue | Geographical | State of Texas
Concentration Risk [Line Items]
Concentration risk, percentage	[1]	18.40%	16.50%	22.10%
[1]	Includes rental income from operating leases, resident fees and services, and tenant reimbursement income. Adverse economic developments in this geographical area could significantly impact the Company’s results of operations and cash flow from operations, which in turn would impact its ability to pay debt service and make distributions to stockholders.

Selected Quarterly Financial 96

Selected Quarterly Financial Data (Unaudited) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 94,543	$ 95,511	$ 94,041	$ 92,960	$ 88,112		$ 79,904		$ 67,476		$ 65,033		$ 377,055	$ 300,525		$ 181,084
Operating income (loss)	5,764	3,660	2,714	(991)	(4,824)		(7,925)		(3,650)		(7,909)		11,147	(24,308)		(23,178)
Net income (loss) attributable to common stockholders	$ 6,839	$ (11,992)	$ (12,072)	$ (14,442)	$ (17,420)		$ (19,225)		$ (13,410)		$ (18,000)		$ (31,667)	$ (68,055)		$ (52,511)
Weighted average number of shares outstanding(basic and diluted)	175,328	175,033	175,489	174,681	173,766	[1]	162,730	[1]	146,257	[1]	131,880	[1]	175,121	153,804	[1]	85,710
Income (loss) per share of common stock(basic and diluted)	$ 0.04	$ (0.07)	$ (0.07)	$ (0.08)	$ (0.10)		$ (0.12)		$ (0.09)		$ (0.14)		$ (0.18)	$ (0.44)		$ (0.61)
[1]	For the purposes of determining the weighted average number of shares of common stock outstanding, stock distributions issued are treated as if they were outstanding for all periods presented.

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	1 Months Ended
	Feb. 28, 2017
Subsequent Event
Subsequent Event [Line Items]
Percentage of then-current estimated NAV par share	4.00%

Schedule II-Valuation and Qua98

Schedule II-Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ (7,009)	$ (2,798)	$ (597)
Charged to Costs and Expenses	(4,059)	(4,211)	(2,201)
Charged to Other Accounts	0	0	0
Balance at End of Year	(11,068)	(7,009)	(2,798)
Valuation Allowance of Deferred Tax Assets
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	(5,839)	(2,798)	(597)
Charged to Costs and Expenses	(3,713)	(3,041)	(2,201)
Charged to Other Accounts	0	0	0
Balance at End of Year	(9,552)	(5,839)	$ (2,798)
Allowance for Doubtful Accounts
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	(1,170)
Charged to Costs and Expenses	(346)	(1,170)
Charged to Other Accounts	0	0
Balance at End of Year	$ (1,516)	$ (1,170)

Schedule III-Real Estate And 99

Schedule III-Real Estate And Accumulated Depreciation (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 944,003
Initial Costs, Land & Land Improvements		240,171
Initial Costs, Building and Building Improvements		2,235,690
Costs Capitalized Subsequent to Acquisition, Land & Improvements		5,392
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements		121,099
Costs Capitalized Subsequent to Acquisition, Construction in Process		89,722
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1]	245,563
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1]	2,356,789
Gross Amounts at which Carried at Close of period, Construction in Process	[1]	89,722
Total		2,692,074	[1]	$ 2,588,903	$ 1,721,429	$ 859,877
Accumulated Depreciation		(153,124)		$ (90,201)	$ (40,467)	$ (11,011)
Primrose Retirement Community Casper, Wyoming
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	11,789
Initial Costs, Land & Land Improvements	[2]	1,910
Initial Costs, Building and Building Improvements	[2]	16,310
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	296
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,910
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,606
Total	[1],[2]	18,516
Accumulated Depreciation	[2]	$ (2,099)
Date of construction	[2]	2,004
Date Acquired	[2]	Feb. 16, 2012
Primrose Retirement Community Of Grand Island
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,316
Initial Costs, Land & Land Improvements	[2]	719
Initial Costs, Building and Building Improvements	[2]	12,140
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	25
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	744
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,140
Total	[1],[2]	12,884
Accumulated Depreciation	[2]	$ (1,620)
Date of construction	[2]	2,005
Date Acquired	[2]	Feb. 16, 2012
Primrose Retirement Community Mansfield, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 11,315
Initial Costs, Land & Land Improvements	[2]	650
Initial Costs, Building and Building Improvements	[2]	16,720
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	229
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	71
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	879
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,791
Total	[1],[2]	17,670
Accumulated Depreciation	[2]	$ (2,231)
Date of construction	[2]	2,007
Date Acquired	[2]	Feb. 16, 2012
Primrose Retirement Community Marion, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 9,385
Initial Costs, Land & Land Improvements	[2]	889
Initial Costs, Building and Building Improvements	[2]	16,305
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	889
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,305
Total	[1],[2]	17,194
Accumulated Depreciation	[2]	$ (2,150)
Date of construction	[2]	2,006
Date Acquired	[2]	Feb. 16, 2012
Sweetwater Retirement Community Billings Montana
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 10,193
Initial Costs, Land & Land Improvements	[2]	1,578
Initial Costs, Building and Building Improvements	[2]	14,205
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	19
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,597
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,205
Total	[1],[2]	15,802
Accumulated Depreciation	[2]	$ (1,827)
Date of construction	[2]	2,006
Date Acquired	[2]	Feb. 16, 2012
HarborChase Community Lady Lake, Florida
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,165
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	986
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	15,424
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,151
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	15,424
Total	[1],[2]	18,575
Accumulated Depreciation	[2]	$ (1,264)
Date of construction	[2]	2,013
Date Acquired	[2]	Aug. 29, 2012
Primrose Retirement Community Aberdeen, South Dakota
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 311
Initial Costs, Building and Building Improvements	[2]	3,794
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	311
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	3,794
Total	[1],[2]	4,105
Accumulated Depreciation	[2]	$ (421)
Date of construction	[2]	2,005
Date Acquired	[2]	Dec. 19, 2012
Primrose Retirement Community Council Bluffs, Iowa
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,144
Initial Costs, Building and Building Improvements	[2]	11,117
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	5
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,149
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,117
Total	[1],[2]	12,266
Accumulated Depreciation	[2]	$ (1,268)
Date of construction	[2]	2,008
Date Acquired	[2]	Dec. 19, 2012
Primrose Retirement Community Decatur, Illinois
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 10,344
Initial Costs, Land & Land Improvements	[2]	513
Initial Costs, Building and Building Improvements	[2]	16,706
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	154
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	513
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,860
Total	[1],[2]	17,373
Accumulated Depreciation	[2]	$ (1,824)
Date of construction	[2]	2,009
Date Acquired	[2]	Dec. 19, 2012
Primrose Retirement Community Lima, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 944
Initial Costs, Building and Building Improvements	[2]	17,115
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	8
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	4
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	952
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	17,119
Total	[1],[2]	18,071
Accumulated Depreciation	[2]	$ (1,864)
Date of construction	[2]	2,006
Date Acquired	[2]	Dec. 19, 2012
Primrose Retirement Community Zanesville, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 11,674
Initial Costs, Land & Land Improvements	[2]	1,184
Initial Costs, Building and Building Improvements	[2]	17,292
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	67
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,184
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	17,359
Total	[1],[2]	18,543
Accumulated Depreciation	[2]	$ (1,887)
Date of construction	[2]	2,008
Date Acquired	[2]	Dec. 19, 2012
Capital Health of Symphony Manor Baltimore, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 11,683
Initial Costs, Land & Land Improvements	[2]	2,319
Initial Costs, Building and Building Improvements	[2]	19,444
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	78
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,319
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,522
Total	[1],[2]	21,841
Accumulated Depreciation	[2]	$ (2,089)
Date of construction	[2]	2,011
Date Acquired	[2]	Dec. 21, 2012
Curry House Assisted Living & Memory Care Cadillac, Michigan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 6,008
Initial Costs, Land & Land Improvements	[2]	995
Initial Costs, Building and Building Improvements	[2]	11,072
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	9
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,004
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,072
Total	[1],[2]	12,076
Accumulated Depreciation	[2]	$ (1,202)
Date of construction	[2]	1,966
Date Acquired	[2]	Dec. 21, 2012
Tranquillity at Fredericktowne, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 5,779
Initial Costs, Land & Land Improvements	[2]	808
Initial Costs, Building and Building Improvements	[2]	14,291
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	32
Costs Capitalized Subsequent to Acquisition, Construction in Process	[2]	1,407
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	808
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,323
Gross Amounts at which Carried at Close of period, Construction in Process	[1],[2]	1,407
Total	[1],[2]	16,538
Accumulated Depreciation	[2]	$ (1,534)
Date of construction	[2]	2,000
Date Acquired	[2]	Dec. 21, 2012
Brookridge Heights Assisted Living and Memory Care Marquette, Michigan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 5,925
Initial Costs, Land & Land Improvements	[2]	595
Initial Costs, Building and Building Improvements	[2]	11,339
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	11
Costs Capitalized Subsequent to Acquisition, Construction in Process	[2]	2,391
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	595
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,350
Gross Amounts at which Carried at Close of period, Construction in Process	[1],[2]	2,391
Total	[1],[2]	14,336
Accumulated Depreciation	[2]	$ (1,213)
Date of construction	[2]	1,998
Date Acquired	[2]	Dec. 21, 2012
Woodholme Gardens Assisted Living and Memory Care Pikesville, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,000
Initial Costs, Land & Land Improvements	[2]	1,603
Initial Costs, Building and Building Improvements	[2]	13,472
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	11
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,614
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,472
Total	[1],[2]	15,086
Accumulated Depreciation	[2]	$ (1,457)
Date of construction	[2]	2,010
Date Acquired	[2]	Dec. 21, 2012
Batesville Healthcare Center Batesville, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 397
Initial Costs, Building and Building Improvements	[2]	5,382
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	397
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	5,382
Total	[1],[2]	5,779
Accumulated Depreciation	[2]	$ (502)
Date of construction	[2]	1,975
Date Acquired	[2]	May 31, 2013
Broadway Healthcare Center West Memphis, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 438
Initial Costs, Building and Building Improvements	[2]	10,560
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	77
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	438
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,637
Total	[1],[2]	11,075
Accumulated Depreciation	[2]	$ (1,002)
Date of construction	[2]	1,994
Date Acquired	[2]	May 31, 2013
Jonesboro Healthcare Center Jonesboro, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 527
Initial Costs, Building and Building Improvements	[2]	13,493
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	5
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	527
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,498
Total	[1],[2]	14,025
Accumulated Depreciation	[2]	$ (1,260)
Date of construction	[2]	2,012
Date Acquired	[2]	May 31, 2013
Magnolia Healthcare Center Magnolia, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 421
Initial Costs, Building and Building Improvements	[2]	10,454
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	421
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,454
Total	[1],[2]	10,875
Accumulated Depreciation	[2]	$ (992)
Date of construction	[2]	2,009
Date Acquired	[2]	May 31, 2013
Mine Creek Healthcare Center Nashville, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 135
Initial Costs, Building and Building Improvements	[2]	2,942
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	11
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	10
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	146
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	2,952
Total	[1],[2]	3,098
Accumulated Depreciation	[2]	$ (291)
Date of construction	[2]	1,978
Date Acquired	[2]	May 31, 2013
Searcy Healthcare Center Searcy, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 648
Initial Costs, Building and Building Improvements	[2]	6,017
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	50
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	648
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	6,067
Total	[1],[2]	6,715
Accumulated Depreciation	[2]	$ (584)
Date of construction	[2]	1,973
Date Acquired	[2]	May 31, 2013
LaPorte Cancer Center Westville, Indiana
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,797
Initial Costs, Land & Land Improvements	[2]	433
Initial Costs, Building and Building Improvements	[2]	10,846
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	433
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,846
Total	[1],[2]	11,279
Accumulated Depreciation	[2]	$ (1,040)
Date of construction	[2]	2,010
Date Acquired	[2]	Jun. 14, 2013
Jefferson Medical Commons Jefferson City, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,598
Initial Costs, Land & Land Improvements	[2]	151
Initial Costs, Building and Building Improvements	[2]	10,236
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	162
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	151
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,398
Total	[1],[2]	10,549
Accumulated Depreciation	[2]	$ (954)
Date of construction	[2]	2,001
Date Acquired	[2]	Jul. 10, 2013
Physicians Plaza A at North Knoxville Medical Center Powell, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 11,855
Initial Costs, Land & Land Improvements	[2]	262
Initial Costs, Building and Building Improvements	[2]	16,976
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	9
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	262
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,985
Total	[1],[2]	17,247
Accumulated Depreciation	[2]	$ (1,585)
Date of construction	[2]	2,005
Date Acquired	[2]	Jul. 10, 2013
Physicians Plaza B at North Knoxville Medical Center Powell, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 14,260
Initial Costs, Land & Land Improvements	[2]	303
Initial Costs, Building and Building Improvements	[2]	18,754
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	318
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	303
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,072
Total	[1],[2]	19,375
Accumulated Depreciation	[2]	$ (1,758)
Date of construction	[2]	2,008
Date Acquired	[2]	Jul. 10, 2013
Physicians Regional Medical Center - Central Wing Annex Knoxville, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 3,778
Initial Costs, Land & Land Improvements	[2]	73
Initial Costs, Building and Building Improvements	[2]	5,285
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	73
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	5,285
Total	[1],[2]	5,358
Accumulated Depreciation	[2]	$ (491)
Date of construction	[2]	2,004
Date Acquired	[2]	Jul. 10, 2013
HarborChase of Jasper Jasper, Alabama
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 355
Initial Costs, Building and Building Improvements	[2]	6,358
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	1
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	355
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	6,359
Total	[1],[2]	6,714
Accumulated Depreciation	[2]	$ (577)
Date of construction	[2]	1,998
Date Acquired	[2]	Jul. 31, 2013
Chestnut Commons MOB Elyria, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,053
Initial Costs, Building and Building Improvements	[2]	15,650
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	38
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,091
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	15,650
Total	[1],[2]	17,741
Accumulated Depreciation	[2]	$ (1,539)
Date of construction	[2]	2,008
Date Acquired	[2]	Aug. 16, 2013
Doctor's Specialty Hospital Leawood, Kansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 924
Initial Costs, Building and Building Improvements	[2]	5,771
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	16
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	940
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	5,771
Total	[1],[2]	6,711
Accumulated Depreciation	[2]	$ (550)
Date of construction	[2]	2,001
Date Acquired	[2]	Aug. 16, 2013
Escondido Medical Arts Center Escondido, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,863
Initial Costs, Building and Building Improvements	[2]	12,199
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	23
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,863
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,222
Total	[1],[2]	14,085
Accumulated Depreciation	[2]	$ (1,078)
Date of construction	[2]	1,994
Date Acquired	[2]	Aug. 16, 2013
John C. Lincoln Medical Office Plaza I Phoenix, Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 233
Initial Costs, Building and Building Improvements	[2]	2,779
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	22
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	233
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	2,801
Total	[1],[2]	3,034
Accumulated Depreciation	[2]	$ (286)
Date of construction	[2]	1,980
Date Acquired	[2]	Aug. 16, 2013
John C. Lincoln Medical Office Plaza II Phoenix, Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 138
Initial Costs, Building and Building Improvements	[2]	1,908
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	15
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	138
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	1,923
Total	[1],[2]	2,061
Accumulated Depreciation	[2]	$ (197)
Date of construction	[2]	1,984
Date Acquired	[2]	Aug. 16, 2013
North Mountain Medical Plaza Phoenix, Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 297
Initial Costs, Building and Building Improvements	[2]	4,079
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	78
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	297
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	4,157
Total	[1],[2]	4,454
Accumulated Depreciation	[2]	$ (415)
Date of construction	[2]	1,994
Date Acquired	[2]	Aug. 16, 2013
Raider Ranch Development (Lubbock, TX)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 4,992
Initial Costs, Building and Building Improvements	[2]	48,818
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	436
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	12,077
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,428
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	60,895
Total	[1],[2]	66,323
Accumulated Depreciation	[2]	$ (4,628)
Date of construction	[2]	2,009
Date Acquired	[2]	Aug. 29, 2013
Town Village Oklahoma City, Oklahoma
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,020
Initial Costs, Building and Building Improvements	[2]	19,847
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	1,356
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,020
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,203
Total	[1],[2]	22,223
Accumulated Depreciation	[2]	$ (1,738)
Date of construction	[2]	2,004
Date Acquired	[2]	Aug. 29, 2013
Calvert Medical Arts Center Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,233
Initial Costs, Land & Land Improvements	[2]	20
Initial Costs, Building and Building Improvements	[2]	17,838
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	1
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	86
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	21
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	17,924
Total	[1],[2]	17,945
Accumulated Depreciation	[2]	$ (1,541)
Date of construction	[2]	2,009
Date Acquired	[2]	Aug. 30, 2013
Calvert MOBs I, II, III Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 10,390
Initial Costs, Land & Land Improvements	[2]	51
Initial Costs, Building and Building Improvements	[2]	14,334
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	273
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	51
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,607
Total	[1],[2]	14,658
Accumulated Depreciation	[2]	$ (1,278)
Date Acquired	[2]	Aug. 30, 2013
Calvert Medical Office Building I Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	1,991
Calvert Medical Office Building II Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	1,999
Calvert Medical Office Building III Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,000
Dunkirk Medical Center Dunkirk, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 2,923
Initial Costs, Land & Land Improvements	[2]	351
Initial Costs, Building and Building Improvements	[2]	2,991
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	20
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	25
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	371
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	3,016
Total	[1],[2]	3,387
Accumulated Depreciation	[2]	$ (337)
Date of construction	[2]	1,997
Date Acquired	[2]	Aug. 30, 2013
Prestige Senior Living Beaverton Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,994
Initial Costs, Land & Land Improvements	[2]	1,387
Initial Costs, Building and Building Improvements	[2]	10,324
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,387
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,324
Total	[1],[2]	11,711
Accumulated Depreciation	[2]	$ (857)
Date of construction	[2]	2,000
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living High Desert
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,780
Initial Costs, Land & Land Improvements	[2]	835
Initial Costs, Building and Building Improvements	[2]	11,252
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	13
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	848
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,252
Total	[1],[2]	12,100
Accumulated Depreciation	[2]	$ (971)
Date of construction	[2]	2,003
Date Acquired	[2]	Dec. 2, 2013
MorningStar of Billings
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 19,161
Initial Costs, Land & Land Improvements	[2]	4,067
Initial Costs, Building and Building Improvements	[2]	41,373
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	14
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	68
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,081
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	41,441
Total	[1],[2]	45,522
Accumulated Depreciation	[2]	$ (3,616)
Date of construction	[2]	2,009
Date Acquired	[2]	Dec. 2, 2013
MorningStar of Boise
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 20,453
Initial Costs, Land & Land Improvements	[2]	1,663
Initial Costs, Building and Building Improvements	[2]	35,752
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	12
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,675
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	35,752
Total	[1],[2]	37,427
Accumulated Depreciation	[2]	$ (2,947)
Date of construction	[2]	2,007
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Huntington Terrace
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 9,962
Initial Costs, Land & Land Improvements	[2]	1,236
Initial Costs, Building and Building Improvements	[2]	12,083
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	2
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	11
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,238
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,094
Total	[1],[2]	13,332
Accumulated Depreciation	[2]	$ (1,019)
Date of construction	[2]	2,000
Date Acquired	[2]	Dec. 2, 2013
MorningStar of Idaho Falls
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 17,498
Initial Costs, Land & Land Improvements	[2]	2,006
Initial Costs, Building and Building Improvements	[2]	40,397
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	5
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	68
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,011
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	40,465
Total	[1],[2]	42,476
Accumulated Depreciation	[2]	$ (3,398)
Date of construction	[2]	2,009
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Arbor Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,009
Initial Costs, Land & Land Improvements	[2]	355
Initial Costs, Building and Building Improvements	[2]	14,083
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	355
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,083
Total	[1],[2]	14,438
Accumulated Depreciation	[2]	$ (1,157)
Date of construction	[2]	2,003
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Orchard Heights
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,030
Initial Costs, Land & Land Improvements	[2]	545
Initial Costs, Building and Building Improvements	[2]	15,544
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	6
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	71
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	551
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	15,615
Total	[1],[2]	16,166
Accumulated Depreciation	[2]	$ (1,270)
Date of construction	[2]	2,002
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Southern Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,311
Initial Costs, Land & Land Improvements	[2]	653
Initial Costs, Building and Building Improvements	[2]	10,753
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	31
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	684
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,753
Total	[1],[2]	11,437
Accumulated Depreciation	[2]	$ (896)
Date of construction	[2]	2,001
Date Acquired	[2]	Dec. 2, 2013
MorningStar of Sparks
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 23,191
Initial Costs, Land & Land Improvements	[2]	3,986
Initial Costs, Building and Building Improvements	[2]	47,968
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	3
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	23
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,989
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	47,991
Total	[1],[2]	51,980
Accumulated Depreciation	[2]	$ (4,070)
Date of construction	[2]	2,009
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Five Rivers
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,536
Initial Costs, Land & Land Improvements	[2]	1,298
Initial Costs, Building and Building Improvements	[2]	14,064
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	5
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	49
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,303
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,113
Total	[1],[2]	15,416
Accumulated Depreciation	[2]	$ (1,241)
Date of construction	[2]	2,002
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Riverwood
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 4,372
Initial Costs, Land & Land Improvements	[2]	1,028
Initial Costs, Building and Building Improvements	[2]	7,429
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	38
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,028
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	7,467
Total	[1],[2]	8,495
Accumulated Depreciation	[2]	$ (642)
Date of construction	[2]	1,999
Date Acquired	[2]	Dec. 2, 2013
Chula Vista Medical Arts Center - Plaza II
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,462
Initial Costs, Building and Building Improvements	[2]	7,453
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	9
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	369
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,471
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	7,822
Total	[1],[2]	10,293
Accumulated Depreciation	[2]	$ (632)
Date of construction	[2]	1,985
Date Acquired	[2]	Dec. 23, 2013
Coral Springs MOB I
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,614
Initial Costs, Building and Building Improvements	[2]	11,220
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,614
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,220
Total	[1],[2]	13,834
Accumulated Depreciation	[2]	$ (956)
Date of construction	[2]	2,005
Date Acquired	[2]	Dec. 23, 2013
Coral Springs MOB II
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,614
Initial Costs, Building and Building Improvements	[2]	12,130
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	1
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,615
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,130
Total	[1],[2]	14,745
Accumulated Depreciation	[2]	$ (1,034)
Date of construction	[2]	2,008
Date Acquired	[2]	Dec. 23, 2013
Chula Vista Medical Arts Center - Plaza I
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 6,130
Initial Costs, Building and Building Improvements	[2]	10,293
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	14
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	200
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	6,144
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,493
Total	[1],[2]	16,637
Accumulated Depreciation	[2]	$ (832)
Date of construction	[2]	1,975
Date Acquired	[2]	Jan. 21, 2014
Prestige Senior Living Auburn Meadows
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 10,278
Initial Costs, Land & Land Improvements	[2]	2,537
Initial Costs, Building and Building Improvements	[2]	17,261
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	3
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,537
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	17,264
Total	[1],[2]	19,801
Accumulated Depreciation	[2]	$ (1,377)
Date Acquired	[2]	Feb. 3, 2014
Prestige Senior Living Auburn Meadows One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,003
Prestige Senior Living Auburn Meadows Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,010
Prestige Senior Living Bridgewood
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,849
Initial Costs, Land & Land Improvements	[2]	1,603
Initial Costs, Building and Building Improvements	[2]	18,172
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,603
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	18,172
Total	[1],[2]	19,775
Accumulated Depreciation	[2]	$ (1,437)
Date of construction	[2]	2,001
Date Acquired	[2]	Feb. 3, 2014
Prestige Senior Living Monticello Park
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 17,927
Initial Costs, Land & Land Improvements	[2]	1,981
Initial Costs, Building and Building Improvements	[2]	23,056
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,981
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	23,056
Total	[1],[2]	25,037
Accumulated Depreciation	[2]	$ (1,800)
Date Acquired	[2]	Feb. 3, 2014
Prestige Senior Living Monticello Park One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,001
Prestige Senior Living Monticello Park Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,010
Prestige Senior Living Rosemont
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 9,258
Initial Costs, Land & Land Improvements	[2]	668
Initial Costs, Building and Building Improvements	[2]	14,564
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	668
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,564
Total	[1],[2]	15,232
Accumulated Depreciation	[2]	$ (1,124)
Date of construction	[2]	2,004
Date Acquired	[2]	Feb. 3, 2014
Wellmore of Tega Cay
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2],[3]	$ 2,445
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2],[3]	2,740
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2],[3]	23,440
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2],[3]	5,185
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2],[3]	23,440
Total	[1],[2],[3]	28,625
Accumulated Depreciation	[2],[3]	$ (1,176)
Date Acquired	[2],[3]	Feb. 7, 2014
Isle at Cedar Ridge
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,525
Initial Costs, Building and Building Improvements	[2]	16,277
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	185
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,525
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,462
Total	[1],[2]	17,987
Accumulated Depreciation	[2]	$ (1,292)
Date of construction	[2]	2,011
Date Acquired	[2]	Feb. 28, 2014
Prestige Senior Living West Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,589
Initial Costs, Land & Land Improvements	[2]	842
Initial Costs, Building and Building Improvements	[2]	12,603
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	842
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,603
Total	[1],[2]	13,445
Accumulated Depreciation	[2]	$ (995)
Date of construction	[2]	2,002
Date Acquired	[2]	Mar. 3, 2014
HarborChase of Plainfield
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,596
Initial Costs, Building and Building Improvements	[2]	21,832
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,596
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,832
Total	[1],[2]	23,428
Accumulated Depreciation	[2]	$ (1,627)
Date of construction	[2]	2,010
Date Acquired	[2]	Mar. 28, 2014
Legacy Ranch Alzheimer's Special Care Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 917
Initial Costs, Building and Building Improvements	[2]	9,982
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	2
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	919
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	9,982
Total	[1],[2]	10,901
Accumulated Depreciation	[2]	$ (759)
Date of construction	[2]	2,012
Date Acquired	[2]	Mar. 28, 2014
The Springs Alzheimer's Special Care Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 595
Initial Costs, Building and Building Improvements	[2]	9,658
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	595
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	9,658
Total	[1],[2]	10,253
Accumulated Depreciation	[2]	$ (734)
Date of construction	[2]	2,012
Date Acquired	[2]	Mar. 28, 2014
Isle at Watercrest - Bryan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 714
Initial Costs, Building and Building Improvements	[2]	18,140
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	5
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	212
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	719
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	18,352
Total	[1],[2]	19,071
Accumulated Depreciation	[2]	$ (1,298)
Date of construction	[2]	2,011
Date Acquired	[2]	Apr. 21, 2014
Watercrest at Bryan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,509
Initial Costs, Building and Building Improvements	[2]	22,441
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	4
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	96
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,513
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	22,537
Total	[1],[2]	25,050
Accumulated Depreciation	[2]	$ (1,739)
Date of construction	[2]	2,009
Date Acquired	[2]	Apr. 21, 2014
Isle at Watercrest - Mansfield
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 997
Initial Costs, Building and Building Improvements	[2]	24,635
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	997
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	24,635
Total	[1],[2]	25,632
Accumulated Depreciation	[2]	$ (1,745)
Date of construction	[2]	2,011
Date Acquired	[2]	May 5, 2014
Houston Orthopedic & Spine Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 30,936
Initial Costs, Land & Land Improvements	[2]	3,867
Initial Costs, Building and Building Improvements	[2]	32,761
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,867
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	32,761
Total	[1],[2]	36,628
Accumulated Depreciation	[2]	$ (2,207)
Date of construction	[2]	2,007
Date Acquired	[2]	Jun. 2, 2014
Houston Orthopedic & Spine Hospital Medical Office Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 17,047
Initial Costs, Land & Land Improvements	[2]	3,738
Initial Costs, Building and Building Improvements	[2]	20,525
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	700
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,738
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,225
Total	[1],[2]	24,963
Accumulated Depreciation	[2]	$ (1,402)
Date of construction	[2]	2,007
Date Acquired	[2]	Jun. 2, 2014
Watercrest at Katy (Katy, Texas)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 24,047
Initial Costs, Land & Land Improvements	[2]	4,000
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	90
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	32,370
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,090
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	32,370
Total	[1],[2]	36,460
Accumulated Depreciation	[2]	$ (492)
Date Acquired	[2]	Jun. 27, 2014
Watercrest at Mansfield
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 26,165
Initial Costs, Land & Land Improvements	[2]	2,191
Initial Costs, Building and Building Improvements	[2]	42,740
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	56
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,191
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	42,796
Total	[1],[2]	44,987
Accumulated Depreciation	[2]	$ (2,865)
Date of construction	[2]	2,010
Date Acquired	[2]	Jun. 30, 2014
HarborChase Of Shorewood (Shorewood, Wisconsin)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 14,755
Initial Costs, Land & Land Improvements	[2]	2,200
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	296
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	19,862
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,496
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,862
Total	[1],[2]	22,358
Accumulated Depreciation	[2]	$ (572)
Date Acquired	[2]	Jul. 8, 2014
Oklahoma City Inpatient Rehabilitation Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 15,827
Initial Costs, Land & Land Improvements	[2]	3,341
Initial Costs, Building and Building Improvements	[2]	19,249
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,341
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,249
Total	[1],[2]	22,590
Accumulated Depreciation	[2]	$ (1,356)
Date of construction	[2]	2,012
Date Acquired	[2]	Jul. 15, 2014
Las Vegas Inpatient Rehabilitation Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 13,835
Initial Costs, Land & Land Improvements	[2]	2,650
Initial Costs, Building and Building Improvements	[2]	16,979
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,650
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,979
Total	[1],[2]	19,629
Accumulated Depreciation	[2]	$ (1,209)
Date of construction	[2]	2,007
Date Acquired	[2]	Jul. 15, 2014
South Bend Inpatient Rehabilitation Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,562
Initial Costs, Land & Land Improvements	[2]	2,339
Initial Costs, Building and Building Improvements	[2]	16,239
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	4
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,343
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,239
Total	[1],[2]	18,582
Accumulated Depreciation	[2]	$ (1,172)
Date of construction	[2]	2,009
Date Acquired	[2]	Jul. 15, 2014
Beaumont Specialty Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 20,852
Initial Costs, Land & Land Improvements	[2]	2,749
Initial Costs, Building and Building Improvements	[2]	28,863
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,749
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	28,863
Total	[1],[2]	31,612
Accumulated Depreciation	[2]	$ (1,880)
Date of construction	[2]	2,013
Date Acquired	[2]	Aug. 15, 2014
Hurst Specialty Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 18,288
Initial Costs, Land & Land Improvements	[2]	2,510
Initial Costs, Building and Building Improvements	[2]	24,091
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,510
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	24,091
Total	[1],[2]	26,601
Accumulated Depreciation	[2]	$ (1,571)
Date Acquired	[2]	Aug. 15, 2014
Hurst Specialty Hospital One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,004
Hurst Specialty Hospital Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,012
Claremont Medical Office
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,478
Initial Costs, Land & Land Improvements	[2]	6,324
Initial Costs, Building and Building Improvements	[2]	13,533
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	18
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	6,324
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,551
Total	[1],[2]	19,875
Accumulated Depreciation	[2]	$ (930)
Date of construction	[2]	2,008
Date Acquired	[2]	Aug. 29, 2014
Lee Hughes Medical Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 18,102
Initial Costs, Land & Land Improvements	[2]	69
Initial Costs, Building and Building Improvements	[2]	22,967
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	22
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	69
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	22,989
Total	[1],[2]	23,058
Accumulated Depreciation	[2]	$ (1,337)
Date of construction	[2]	2,008
Date Acquired	[2]	Sep. 29, 2014
Newburyport Medical Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,614
Initial Costs, Building and Building Improvements	[2]	12,135
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,614
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,135
Total	[1],[2]	14,749
Accumulated Depreciation	[2]	$ (802)
Date of construction	[2]	2,008
Date Acquired	[2]	Oct. 31, 2014
Northwest Medical Park
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 6,886
Initial Costs, Land & Land Improvements	[2]	610
Initial Costs, Building and Building Improvements	[2]	6,170
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	58
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	610
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	6,228
Total	[1],[2]	6,838
Accumulated Depreciation	[2]	$ (431)
Date of construction	[2]	2,004
Date Acquired	[2]	Oct. 31, 2014
Fairfield Village of Layton
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 5,217
Initial Costs, Building and Building Improvements	[2]	54,167
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	5
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,217
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	54,172
Total	[1],[2]	59,389
Accumulated Depreciation	[2]	$ (3,206)
Date of construction	[2]	2,010
Date Acquired	[2]	Nov. 20, 2014
ProMed Medical Building I
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 6,865
Initial Costs, Land & Land Improvements	[2]	2,486
Initial Costs, Building and Building Improvements	[2]	6,728
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,486
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	6,728
Total	[1],[2]	9,214
Accumulated Depreciation	[2]	$ (402)
Date of construction	[2]	2,006
Date Acquired	[2]	Dec. 19, 2014
Midtown Medical Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 28,438
Initial Costs, Land & Land Improvements	[2]	10
Initial Costs, Building and Building Improvements	[2]	51,237
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	12
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	10
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	51,249
Total	[1],[2]	51,259
Accumulated Depreciation	[2]	$ (2,629)
Date of construction	[2]	1,994
Date Acquired	[2]	Dec. 22, 2014
Presbyterian Medical Tower
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 18,903
Initial Costs, Land & Land Improvements	[2]	40
Initial Costs, Building and Building Improvements	[2]	32,345
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	5
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	40
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	32,350
Total	[1],[2]	32,390
Accumulated Depreciation	[2]	$ (1,664)
Date of construction	[2]	1,989
Date Acquired	[2]	Dec. 22, 2014
Metroview Professional Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,979
Initial Costs, Land & Land Improvements	[2]	11
Initial Costs, Building and Building Improvements	[2]	15,910
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	14
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	11
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	15,924
Total	[1],[2]	15,935
Accumulated Depreciation	[2]	$ (817)
Date of construction	[2]	1,971
Date Acquired	[2]	Dec. 22, 2014
Physicians Plaza Huntersville
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 15,784
Initial Costs, Land & Land Improvements	[2]	520
Initial Costs, Building and Building Improvements	[2]	26,134
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	76
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	520
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	26,210
Total	[1],[2]	26,730
Accumulated Depreciation	[2]	$ (1,409)
Date of construction	[2]	2,004
Date Acquired	[2]	Dec. 22, 2014
Matthews Medical Office Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 11,075
Initial Costs, Land & Land Improvements	[2]	350
Initial Costs, Building and Building Improvements	[2]	19,624
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	350
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,624
Total	[1],[2]	19,974
Accumulated Depreciation	[2]	$ (1,053)
Date of construction	[2]	1,994
Date Acquired	[2]	Dec. 22, 2014
Outpatient Care Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 10,359
Initial Costs, Land & Land Improvements	[2]	1,169
Initial Costs, Building and Building Improvements	[2]	12,079
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	9
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,178
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,079
Total	[1],[2]	13,257
Accumulated Depreciation	[2]	$ (635)
Date of construction	[2]	2,012
Date Acquired	[2]	Dec. 22, 2014
Clyde, NC ("Asheville") 330 Physicians Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 19,262
Initial Costs, Land & Land Improvements	[2]	12
Initial Costs, Building and Building Improvements	[2]	26,868
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	5
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	12
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	26,873
Total	[1],[2]	26,885
Accumulated Depreciation	[2]	$ (1,379)
Date Acquired	[2]	Dec. 22, 2014
Clyde, NC ("Asheville") 330 Physicians Center one
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	1,987
Clyde, NC ("Asheville") 330 Physicians Center Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,005
Spivey Station Physicians Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 9,428
Initial Costs, Land & Land Improvements	[2]	1,026
Initial Costs, Building and Building Improvements	[2]	12,246
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,026
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,246
Total	[1],[2]	13,272
Accumulated Depreciation	[2]	$ (689)
Date of construction	[2]	2,007
Date Acquired	[2]	Dec. 22, 2014
Spivey Station ASC Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,046
Initial Costs, Land & Land Improvements	[2]	929
Initial Costs, Building and Building Improvements	[2]	13,769
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	929
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,769
Total	[1],[2]	14,698
Accumulated Depreciation	[2]	$ (761)
Date of construction	[2]	2,009
Date Acquired	[2]	Dec. 22, 2014
Novi Orthopaedic Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 19,825
Initial Costs, Land & Land Improvements	[2]	1,314
Initial Costs, Building and Building Improvements	[2]	26,239
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	30
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,344
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	26,239
Total	[1],[2]	27,583
Accumulated Depreciation	[2]	$ (1,460)
Date of construction	[2]	2,008
Date Acquired	[2]	Feb. 13, 2015
UT Cancer Institute Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 20,817
Initial Costs, Land & Land Improvements	[2]	421
Initial Costs, Building and Building Improvements	[2]	27,621
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	66
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	421
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	27,687
Total	[1],[2]	28,108
Accumulated Depreciation	[2]	$ (1,350)
Date of construction	[2]	2,012
Date Acquired	[2]	Feb. 20, 2015
Fieldstone Memory Care
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,297
Initial Costs, Building and Building Improvements	[2]	9,965
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,297
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	9,965
Total	[1],[2]	11,262
Accumulated Depreciation	[2]	$ (494)
Date of construction	[2]	2,014
Date Acquired	[2]	Mar. 31, 2015
Bend Memorial Clinic MOB
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 9,069
Initial Costs, Building and Building Improvements	[2]	19,867
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	9,069
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,867
Total	[1],[2]	28,936
Accumulated Depreciation	[2]	$ (1,025)
Date of construction	[2]	1,976
Date Acquired	[2]	May 11, 2015
Stoneterra Medical Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,864
Initial Costs, Building and Building Improvements	[2]	10,412
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,864
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,412
Total	[1],[2]	13,276
Accumulated Depreciation	[2]	$ (474)
Date of construction	[2]	2,006
Date Acquired	[2]	May 29, 2015
Primrose Retirement Center of Anderson
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,342
Initial Costs, Building and Building Improvements	[2]	19,083
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,342
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,083
Total	[1],[2]	20,425
Accumulated Depreciation	[2]	$ (852)
Date of construction	[2]	2,008
Date Acquired	[2]	May 29, 2015
Primrose Retirement Center of Lancaster
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,840
Initial Costs, Building and Building Improvements	[2]	21,884
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,840
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,884
Total	[1],[2]	24,724
Accumulated Depreciation	[2]	$ (1,077)
Date of construction	[2]	2,007
Date Acquired	[2]	May 29, 2015
Primrose Retirement Center of Wausau
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,089
Initial Costs, Building and Building Improvements	[2]	18,653
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,089
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	18,653
Total	[1],[2]	19,742
Accumulated Depreciation	[2]	$ (801)
Date of construction	[2]	2,008
Date Acquired	[2]	May 29, 2015
Triangle Orthopaedic Durham
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,800
Initial Costs, Land & Land Improvements	[2]	3,191
Initial Costs, Building and Building Improvements	[2]	14,523
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	134
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,325
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,523
Total	[1],[2]	17,848
Accumulated Depreciation	[2]	$ (641)
Date of construction	[2]	2,000
Date Acquired	[2]	Jun. 29, 2015
Triangle Orthopaedic Roxboro
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 1,300
Initial Costs, Land & Land Improvements	[2]	287
Initial Costs, Building and Building Improvements	[2]	1,406
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	287
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	1,406
Total	[1],[2]	1,693
Accumulated Depreciation	[2]	$ (66)
Date of construction	[2]	2,000
Date Acquired	[2]	Jun. 29, 2015
Triangle Orthopaedic Chapel Hill
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 1,900
Initial Costs, Land & Land Improvements	[2]	360
Initial Costs, Building and Building Improvements	[2]	2,306
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	360
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	2,306
Total	[1],[2]	2,666
Accumulated Depreciation	[2]	$ (99)
Date of construction	[2]	2,011
Date Acquired	[2]	Jun. 29, 2015
Triangle Orthopaedic Oxford
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 2,800
Initial Costs, Land & Land Improvements	[2]	658
Initial Costs, Building and Building Improvements	[2]	3,074
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	658
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	3,074
Total	[1],[2]	3,732
Accumulated Depreciation	[2]	$ (144)
Date of construction	[2]	2,011
Date Acquired	[2]	Jun. 29, 2015
North Carolina Specialty Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 19,000
Initial Costs, Land & Land Improvements	[2]	3,173
Initial Costs, Building and Building Improvements	[2]	22,762
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,173
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	22,762
Total	[1],[2]	25,935
Accumulated Depreciation	[2]	$ (945)
Date of construction	[2]	2,004
Date Acquired	[2]	Jun. 29, 2015
Doctor's Park Building B
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,161
Initial Costs, Building and Building Improvements	[2]	2,919
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,161
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	2,919
Total	[1],[2]	4,080
Accumulated Depreciation	[2]	$ (128)
Date of construction	[2]	2,008
Date Acquired	[2]	Jun. 30, 2015
Doctor's Park Building C
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,323
Initial Costs, Building and Building Improvements	[2]	6,351
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,323
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	6,351
Total	[1],[2]	8,674
Accumulated Depreciation	[2]	$ (276)
Date of construction	[2]	2,006
Date Acquired	[2]	Jun. 30, 2015
Superior Residences of Panama City
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,099
Initial Costs, Building and Building Improvements	[2]	19,367
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,099
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,367
Total	[1],[2]	21,466
Accumulated Depreciation	[2]	$ (818)
Date of construction	[2]	2,015
Date Acquired	[2]	Jul. 15, 2015
540 New Waverly Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 6,868
Initial Costs, Land & Land Improvements	[2]	2,476
Initial Costs, Building and Building Improvements	[2]	11,009
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,476
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,009
Total	[1],[2]	13,485
Accumulated Depreciation	[2]	$ (463)
Date of construction	[2]	2,007
Date Acquired	[2]	Jul. 20, 2015
MedHelp
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,270
Initial Costs, Building and Building Improvements	[2]	10,359
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,270
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,359
Total	[1],[2]	12,629
Accumulated Depreciation	[2]	$ (403)
Date of construction	[2]	2,015
Date Acquired	[2]	Jul. 31, 2015
Patriot Professional Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 3,912
Initial Costs, Building and Building Improvements	[2]	11,781
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,912
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,781
Total	[1],[2]	15,693
Accumulated Depreciation	[2]	$ (497)
Date Acquired	[2]	Jul. 31, 2015
Patriot Professional Center One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,006
Patriot Professional Center Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,014
Liberty Professional Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,977
Initial Costs, Building and Building Improvements	[2]	4,462
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	10
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,987
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	4,462
Total	[1],[2]	6,449
Accumulated Depreciation	[2]	$ (185)
Date Acquired	[2]	Jul. 31, 2015
Liberty Professional Center One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	1,979
Liberty Professional Center Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,013
The Hampton at Meadows Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 715
Initial Costs, Building and Building Improvements	[2]	24,281
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	715
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	24,281
Total	[1],[2]	24,996
Accumulated Depreciation	[2]	$ (898)
Date Acquired	[2]	Jul. 31, 2015
The Hampton at Meadows Place One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,007
The Hampton at Meadows Place Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,013
The Pavilion at Great Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,783
Initial Costs, Building and Building Improvements	[2]	29,318
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,783
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	29,318
Total	[1],[2]	31,101
Accumulated Depreciation	[2]	$ (1,094)
Date of construction	[2]	2,010
Date Acquired	[2]	Jul. 31, 2015
The Hampton at Meadows Place Three
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,014
The Beacon at Gulf Breeze
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 824
Initial Costs, Building and Building Improvements	[2]	24,106
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	824
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	24,106
Total	[1],[2]	24,930
Accumulated Depreciation	[2]	$ (927)
Date of construction	[2]	2,008
Date Acquired	[2]	Jul. 31, 2015
Parc at Piedmont
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 3,529
Initial Costs, Building and Building Improvements	[2]	43,080
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,529
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	43,080
Total	[1],[2]	46,609
Accumulated Depreciation	[2]	$ (1,662)
Date Acquired	[2]	Jul. 31, 2015
Parc at Piedmont Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,011
Parc at Duluth
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 5,951
Initial Costs, Building and Building Improvements	[2]	42,458
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,951
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	42,458
Total	[1],[2]	48,409
Accumulated Depreciation	[2]	$ (1,637)
Date Acquired	[2]	Jul. 31, 2015
Parc at Piedmont One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,001
Parc at Duluth One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,003
Broadway Medical Plaza 1
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 437
Initial Costs, Building and Building Improvements	[2]	9,281
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	437
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	9,281
Total	[1],[2]	9,718
Accumulated Depreciation	[2]	$ (356)
Date of construction	[2]	1,994
Date Acquired	[2]	Aug. 21, 2015
Broadway Medical Plaza 2
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 386
Initial Costs, Building and Building Improvements	[2]	12,460
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	386
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,460
Total	[1],[2]	12,846
Accumulated Depreciation	[2]	$ (460)
Date of construction	[2]	1,999
Date Acquired	[2]	Aug. 21, 2015
Parc at Duluth Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,012
Broadway Medical Plaza 4
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 170
Initial Costs, Building and Building Improvements	[2]	12,118
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	170
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,118
Total	[1],[2]	12,288
Accumulated Depreciation	[2]	$ (429)
Date of construction	[2]	2,007
Date Acquired	[2]	Aug. 21, 2015
Waterstone on Augusta (Greenville, SC)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,698
Initial Costs, Land & Land Improvements	[2]	2,253
Costs Capitalized Subsequent to Acquisition, Construction in Process	[2]	21,901
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,253
Gross Amounts at which Carried at Close of period, Construction in Process	[1],[2]	21,901
Total	[1],[2]	$ 24,154
Date Acquired	[2]	Aug. 31, 2015
Welbrook Senior Living Grand Junction (Grand Junction, CO)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,050
Costs Capitalized Subsequent to Acquisition, Construction in Process	[2]	11,844
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,050
Gross Amounts at which Carried at Close of period, Construction in Process	[1],[2]	11,844
Total	[1],[2]	$ 12,894
Date Acquired	[2]	Sep. 4, 2015
Wellmore of Lexington (Lexington, SC)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 13,542
Initial Costs, Land & Land Improvements	[2]	2,300
Costs Capitalized Subsequent to Acquisition, Construction in Process	[2]	36,673
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,300
Gross Amounts at which Carried at Close of period, Construction in Process	[1],[2]	36,673
Total	[1],[2]	$ 38,973
Date Acquired	[2]	Sep. 14, 2015
Palmilla Senior Living
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 27,000
Initial Costs, Land & Land Improvements	[2]	4,701
Initial Costs, Building and Building Improvements	[2]	38,321
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,701
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	38,321
Total	[1],[2]	43,022
Accumulated Depreciation	[2]	$ (1,312)
Date of construction	[2]	2,013
Date Acquired	[2]	Sep. 30, 2015
Cedar Lake Assisted Living and Memory Care
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,412
Initial Costs, Building and Building Improvements	[2]	25,126
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	2
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,414
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	25,126
Total	[1],[2]	27,540
Accumulated Depreciation	[2]	$ (859)
Date of construction	[2]	2,014
Date Acquired	[2]	Sep. 30, 2015
Fieldstone at Pear Orchard (Yakima, Washington)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,861
Initial Costs, Land & Land Improvements	[2]	1,035
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	87
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	12,273
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,122
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,273
Total	[1],[2]	13,395
Accumulated Depreciation	[2]	$ (27)
Date Acquired	[2]	Oct. 12, 2015
The Shores of Lake Phalen
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,724
Initial Costs, Building and Building Improvements	[2]	25,093
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,724
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	25,093
Total	[1],[2]	27,817
Accumulated Depreciation	[2]	$ (793)
Date of construction	[2]	2,012
Date Acquired	[2]	Nov. 10, 2015
Dogwood Forest of Grayson (Grayson, GA)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 3,351
Initial Costs, Land & Land Improvements	[2]	1,788
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	50
Costs Capitalized Subsequent to Acquisition, Construction in Process	[2]	15,506
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,838
Gross Amounts at which Carried at Close of period, Construction in Process	[1],[2]	15,506
Total	[1],[2]	$ 17,344
Date Acquired	[2]	Nov. 24, 2015
Center One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 8,294
Initial Costs, Building and Building Improvements	[2]	21,756
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	8,294
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,756
Total	[1],[2]	30,050
Accumulated Depreciation	[2]	$ (678)
Date of construction	[2]	2,006
Date Acquired	[2]	Nov. 30, 2015
Red Bank Professional Office Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,721
Initial Costs, Building and Building Improvements	[2]	7,721
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,721
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	7,721
Total	[1],[2]	9,442
Accumulated Depreciation	[2]	$ (236)
Date of construction	[2]	2,001
Date Acquired	[2]	Dec. 14, 2015
Park Place Senior Living at WingHaven
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,283
Initial Costs, Building and Building Improvements	[2]	48,221
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,283
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	48,221
Total	[1],[2]	49,504
Accumulated Depreciation	[2]	$ (1,269)
Date Acquired	[2]	Dec. 17, 2015
Park Place Senior Living at WingHaven One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,006
Park Place Senior Living at WingHaven Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2,014
Siena Pavilion IV
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,454
Initial Costs, Building and Building Improvements	[2]	4,786
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,454
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	4,786
Total	[1],[2]	6,240
Accumulated Depreciation	[2]	$ (140)
Date of construction	[2]	2,002
Date Acquired	[2]	Dec. 18, 2015
Siena Pavilion V
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 3,944
Initial Costs, Building and Building Improvements	[2]	20,355
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,944
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	20,355
Total	[1],[2]	24,299
Accumulated Depreciation	[2]	$ (584)
Date of construction	[2]	2,003
Date Acquired	[2]	Dec. 18, 2015
Siena Pavilion VI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,599
Initial Costs, Building and Building Improvements	[2]	18,725
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,599
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	18,725
Total	[1],[2]	21,324
Accumulated Depreciation	[2]	$ (505)
Date of construction	[2]	2,005
Date Acquired	[2]	Dec. 18, 2015
Hearthside Senior Living of Collierville
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,756
Initial Costs, Building and Building Improvements	[2]	13,379
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,756
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,379
Total	[1],[2]	15,135
Accumulated Depreciation	[2]	$ (374)
Date of construction	[2]	2,014
Date Acquired	[2]	Dec. 29, 2015
Cobalt Rehabilitation Hospital Surprise
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 15,379
Initial Costs, Land & Land Improvements	[2]	2,464
Initial Costs, Building and Building Improvements	[2]	17,983
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,464
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	17,983
Total	[1],[2]	20,447
Accumulated Depreciation	[2]	$ (511)
Date of construction	[2]	2,015
Date Acquired	[2]	Dec. 30, 2015
Cobalt Rehabilitation Hospital New Orleans
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 19,500
Initial Costs, Land & Land Improvements	[2]	3,283
Initial Costs, Building and Building Improvements	[2]	20,142
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,283
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	20,142
Total	[1],[2]	23,425
Accumulated Depreciation	[2]	$ (91)
Date of construction	[2]	2,016
Date Acquired	[2]	Oct. 19, 2016
[1]	The aggregate cost for federal income tax purposes is approximately $3.0 billion.
[2]	Buildings and building improvements are depreciated over 39 and 15 years, respectively. Tenant improvements are depreciated over the terms of their respective leases.
[3]	Land and land improvements, initial cost, include the purchase price of land under development which is included as a component of construction in process in the consolidated balance sheets. As of December 31, 2016 these properties were under development; therefore, depreciation is not applicable.

Schedule III-Real Estate And100

Schedule III-Real Estate And Accumulated Depreciation Transactions in Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Real Estate gross carrying value, Beginning Balance	$ 2,588,903		$ 1,721,429	$ 859,877
Acquisitions	23,425		802,456	822,305
Improvements	97,767		65,018	39,247
Dispositions	(18,021)
Real Estate gross carrying value, Ending Balance	2,692,074	[1]	2,588,903	1,721,429
Real Estate accumulated depreciation, Beginning Balance	(90,201)		(40,467)	(11,011)
Depreciation	(63,745)		(49,734)	(29,456)
Accumulated depreciation on dispositions	822
Real Estate accumulated depreciation, Ending Balance	$ (153,124)		$ (90,201)	$ (40,467)
[1]	The aggregate cost for federal income tax purposes is approximately $3.0 billion.

Schedule III-Real Estate And101

Schedule III-Real Estate And Accumulated Depreciation (Parenthetical) (Detail) $ in Billions	12 Months Ended
	Dec. 31, 2016USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Aggregate cost for federal income tax purpose	$ 3
Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Buildings and improvements useful life	39 years
Building Improvements
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Buildings and improvements useful life	15 years

Schedule IV-Mortgage Loans O102

Schedule IV-Mortgage Loans On Real Estate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at beginning of year	$ 0	$ 0	$ 3,949
New mortgage loans and additional advances	0	0	2,065
Accrued and deferred interest	0	0	288
Collection of principal	0	0	(6,302)
Balance at end of year	$ 0	$ 0	$ 0