CNL Healthcare Properties (CHTH) 10-K 16 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2017	Mar. 05, 2018	Jun. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	CNL Healthcare Properties, Inc.
Entity Trading Symbol	CHP
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		174,634,263
Entity Public Float			$ 1.8

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Real estate assets:
Real estate investment properties, net (including VIEs $213,938 and $112,929, respectively)		$ 2,488,085	$ 2,419,815
Real estate under development, including land (including VIEs $0 and $80,473 respectively)			97,164
Total real estate assets, net		2,488,085	2,516,979
Intangibles, net (including VIEs $1,895 and $2,891 respectively)		99,512	130,609
Cash (including VIEs $2,203 and $916 respectively)		64,522	58,517
Deferred rent and lease incentives (including VIEs $6,332 and $3,061 respectively)		42,792	31,045
Other assets (including VIEs $1,025 and $1,130 respectively)		35,687	24,470
Assets held for sale, net		52,774	53,351
Restricted cash (including VIEs $1,242 and $20 respectively)		10,169	12,721
Total assets		2,793,541	2,827,692
Liabilities:
Mortgages and other notes payable, net (including VIEs $153,409 and $104,890 respectively)		1,032,153	936,723
Credit facilities		630,066	641,989
Accounts payable and accrued liabilities (including VIEs $4,469 and $16,830 respectively)		46,702	51,752
Other liabilities (including VIEs $1,322 and $976 respectively)		28,019	38,946
Due to related parties (including VIEs $0 and $107 respectively)	[1]	3,941	3,465
Total liabilities		1,740,881	1,672,875
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest		425	472
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, 184,493 and 180,188 shares issued, and 174,634 and 175,070 shares outstanding, respectively		1,747	1,751
Capital in excess of par value		1,523,372	1,528,435
Accumulated loss		(208,775)	(182,813)
Accumulated distributions		(264,283)	(186,551)
Accumulated other comprehensive loss		(985)	(7,863)
Total stockholders' equity		1,051,076	1,152,959
Noncontrolling interest		1,159	1,386
Total equity		1,052,660	1,154,817
Total liabilities and equity		$ 2,793,541	$ 2,827,692
[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, 2017	Dec. 31, 2016
Real estate investment properties, net		$ 2,488,085	$ 2,419,815
Real estate under development, including land			97,164
Intangibles, net		99,512	130,609
Cash		64,522	58,517
Deferred rent and lease incentives		42,792	31,045
Other assets		35,687	24,470
Restricted cash		10,169	12,721
Mortgages and other notes payable, net		1,032,153	936,723
Accounts payable and accrued liabilities		46,702	51,752
Other liabilities		28,019	38,946
Due to related parties	[1]	$ 3,941	$ 3,465
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		184,493,000	180,188,000
Common stock, shares outstanding		174,634,000	175,070,000
VIEs
Real estate investment properties, net		$ 213,938	$ 112,929
Real estate under development, including land		0	80,473
Intangibles, net		1,895	2,891
Cash		2,203	916
Deferred rent and lease incentives		6,332	3,061
Other assets		1,025	1,130
Restricted cash		1,242	20
Mortgages and other notes payable, net		153,409	104,890
Accounts payable and accrued liabilities		4,469	16,830
Other liabilities		1,322	976
Due to related parties		$ 0	$ 107
[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, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Rental income and tenant reimbursements	$ 149,516	$ 144,692	$ 117,118
Resident fees and services	248,900	232,363	183,407
Total revenues	398,416	377,055	300,525
Operating expenses:
Property operating expenses	195,120	184,632	149,688
General and administrative	13,010	12,847	10,088
Acquisition fees and expenses		974	21,526
Asset management fees	29,642	25,443	17,892
Property management fees	18,850	18,532	14,759
Financing coordination fees	2,748
Contingent purchase price consideration adjustments	47	(290)	(589)
Impairment provision			4,661
Loss on lease terminations		785	863
Depreciation and amortization	107,944	122,985	105,945
Total operating expenses	367,361	365,908	324,833
Operating income (loss)	31,055	11,147	(24,308)
Other income (expense):
Interest and other income	60	64	158
Interest expense and loan cost amortization	(66,193)	(58,317)	(42,969)
Equity in earnings (loss) of unconsolidated entity	403	258	(596)
Total other expense	(65,730)	(57,995)	(43,407)
Income tax benefit (expense)	8,363	(351)	(378)
Loss before gain on sale of real estate	(26,312)	(47,199)	(68,093)
Gain on sale of real estate		15,415
Net loss	(26,312)	(31,784)	(68,093)
Less: Net loss attributable to noncontrolling interest	(350)	(117)	(38)
Net loss attributable to common stockholders	$ (25,962)	$ (31,667)	$ (68,055)
Net loss per share of common stock (basic and diluted)	$ (0.15)	$ (0.18)	$ (0.44)
Weighted average number of shares of common stock outstanding (basic and diluted)	175,151	175,121	153,804
Distributions declared per share of common stock	$ 0.4444	$ 0.4232	$ 0.4232

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (26,312)	$ (31,784)	$ (68,093)
Other comprehensive income (loss):
Unrealized gain (loss) on derivative financial instruments, net	6,586	1,903	(5,143)
Reclassification of cash flow hedges upon derecognition	318		236
Reclassification of cash flow hedges due to ineffectiveness	(26)	(18)	33
Unrealized loss on derivative financial instruments of equity method investments		(1)	(9)
Total other comprehensive income (loss)	6,878	1,884	(4,883)
Comprehensive loss	(19,434)	(29,900)	(72,976)
Less: Comprehensive loss attributable to noncontrolling interest	(350)	(117)	(38)
Comprehensive loss attributable to common stockholders	$ (19,084)	$ (29,783)	$ (72,938)

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 Income (Loss)	Total Stockholders' Equity	Non- controlling Interest
Beginning Balance at Dec. 31, 2014	$ 872,160	$ 568	$ 1,163	$ 1,007,326	$ (83,091)	$ (49,342)	$ (4,864)	$ 871,192	$ 400
Beginning Balance (in shares) at Dec. 31, 2014			116,256,000
Subscriptions received for common stock through public offering and 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 noncontrolling interest	(23)								(23)
Cash distributions declared	(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
Subscriptions received for common stock through public offering and 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 noncontrolling interest	(38)								(38)
Distribution to holder of promoted interest	(6,650)			(6,650)				(6,650)
Cash distributions declared	(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
Subscriptions received for common stock through public offering and reinvestment plan	$ 43,220		$ 43	43,177				43,220
Subscriptions received for common stock through public offering and reinvestment plan (in shares)			4,304,000
Redemptions of common stock	(47,332)		$ (47)	(47,285)				(47,332)
Redemption of common stock, shares			(4,740,000)
Net loss	(26,312)	(97)			(25,962)			(25,962)	(253)
Other comprehensive income (loss)	6,878						6,878	6,878
Distribution to noncontrolling interest	(34)								(34)
Distribution to holder of promoted interest	(955)			(955)				(955)
Cash distributions declared	(77,732)					(77,732)		(77,732)
Contribution from noncontrolling interests	110	50							60
Ending Balance at Dec. 31, 2017	$ 1,052,660	$ 425	$ 1,747	$ 1,523,372	$ (208,775)	$ (264,283)	$ (985)	$ 1,051,076	$ 1,159
Ending Balance (in shares) at Dec. 31, 2017	174,634,000		174,634,000

CONSOLIDATED STATEMENTS OF STO7

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement Of Stockholders Equity [Abstract]
Cash distributions, declared per share	$ 0.4444	$ 0.4232	$ 0.4232

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating activities:
Net loss	$ (26,312)	$ (31,784)	$ (68,093)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	107,944	122,985	105,945
Amortization of loan costs	4,727	4,082	3,762
Amortization of above and below market intangibles	620	753	915
Straight-line rent adjustments	(979)	(6,251)	(4,309)
Deferred income tax benefit	(9,131)
Loss on extinguishment of debt	239	1,495	986
Impairment provision			4,661
Loss on lease terminations		785	863
Gain on sale of real estate		(15,415)
Other operating activities	87	498	2,100
Changes in operating assets and liabilities:
Other assets	(1,660)	(2,024)	1,406
Deferred rent and lease incentives	(7,646)	(5,386)	(13,156)
Accounts payable and accrued liabilities	7,715	(1,272)	6,423
Other liabilities	(834)	4,350	1,586
Due to related parties	476	1,715	428
Net cash flows provided by operating activities	75,246	74,531	43,517
Investing activities:
Acquisition of properties	(1,056)	(28,088)	(866,340)
Development of properties	(47,887)	(95,142)	(73,552)
Proceeds from sale of real estate		33,629
Capital expenditures	(13,643)	(7,362)	(8,029)
Other investing activities	(1,959)	(2,480)	(3,306)
Net cash used in investing activities	(64,545)	(99,443)	(951,227)
Financing activities:
Subscriptions received for common stock through public offering			551,876
Payment of stock issuance and offering costs		(32)	(58,983)
Distributions to stockholders, net of distribution reinvestments	(34,512)	(31,454)	(26,373)
Redemptions of common stock	(46,019)	(28,585)	(7,441)
Distribution to holder of promoted interest	(2,000)	(4,650)
Draws under credit facilities	52,000	105,113	775,000
Repayments on credit facilities	(64,863)	(120,250)	(321,403)
Proceeds from mortgage and other notes payable	166,306	157,620	95,570
Principal payments on mortgage and other notes payable	(71,543)	(54,272)	(115,818)
Contingent purchase price consideration payments	(3,645)	(2,992)
Payment of loan costs	(2,988)	(1,805)	(5,414)
Payment on extinguishment of debt		(1,127)
Other financing activities	16	(625)	(2,203)
Net cash flows provided by (used in) financing activities	(7,248)	16,941	884,811
Net increase (decrease) in cash and restricted cash	3,453	(7,971)	(22,899)
Cash and restricted cash at beginning of period	71,238	79,209	102,108
Cash and restricted cash at end of period	74,691	71,238	79,209
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest of approximately $1.9 million, $2.5 million and $2.0 million, respectively	60,306	50,762	37,621
Cash paid for income taxes	1,186	1,140	702
Amounts incurred but not paid (including amounts due to related parties):
Accrued development costs	450	12,497	11,251
Redemptions payable	11,711	10,397	2,739
Contingent purchase price consideration		4,644	7,500
Distribution to holder of promoted interest	$ 955	$ 2,000
Assumption of liabilities on acquired property			6,905
Assumption of mortgage note payable on acquired property			$ 7,128

CONSOLIDATED STATEMENTS OF CAS9

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Statement Of Cash Flows [Abstract]
Interest paid, capitalized	$ 1.9	$ 2.5	$ 2

Organization

Organization	12 Months Ended
	Dec. 31, 2017
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 an affiliate 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. On September 30, 2015, the Company completed its Offerings pursuant to a registration statement on Form S-11 under the Securities Act of 1933 with the SEC. In October 2015, the Company deregistered the unsold shares of its common stock under its previous registration statement on Form S-11, except for 20,000,000 shares that the Company concurrently registered on Form S-3 under the Securities Exchange Act of 1933 with the SEC for the sale of additional shares of common stock through its Reinvestment Plan. With the 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, 2017
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 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 — 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 real estate, the Company first determines whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets in order to determine whether the acquisition should be accounted for as an asset acquisition. If the substantially all threshold is not met, the Company then determines whether the acquisition meets the definition of a business (i.e. does it include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs). 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. 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. 2. Summary of Significant Accounting Policies (continued) 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. 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. 2. Summary of Significant Accounting Policies (continued) 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, 2017, 2016 and 2015, the Company incurred interest expense and loan cost amortization of approximately $68.3 million, $61.1 million and $45.3 million, respectively, of which approximately $2.1 million, $2.8 million and $2.3 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, 2017, 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, 2017 and 2016, the accumulated amortization of loan costs was approximately $14.7 million and $10.3 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 and tenant reimbursements includes rental income that 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. 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 and tenant reimbursements 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. Rental income and tenant reimbursements also includes tenant reimbursements that represent 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, such as real estate taxes, common area maintenance, and similar items. 2. Summary of Significant Accounting Policies (continued) Resident fees and services are recorded in the period in which the services are performed and generally consist of (1) monthly rent, which covers occupancy of the residents’ unit as well as basic services, such as utilities, meals and certain housekeeping services, and (2) service level charges, such as assisted living care, memory care and ancillary services billed monthly in advance being recorded as deferred revenue and amortized over the estimated resident stay. 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 an unconsolidated equity method investment held by the Company use or have used 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 investment 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 entity 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 year ended December 31, 2015 has been revised to include stock distributions declared and issued as if they were outstanding as of the beginning of the period presented. Shares Based Payments to Non-Employees — In connection with the 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 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, by tenant or by operator. 2. Summary of Significant Accounting Policies (continued) 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 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, 2017, 2016 and 2015 (in millions): Years Ended December 31, 2017 2016 2015 Capitalized as a component of the related assets $ 0.2 $ 0.2 $ 4.2 Acquisition costs expensed ― 1.0 21.5 Total acquisition costs incurred $ 0.2 $ 1.2 $ 25.7 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 IRS 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. 2. Summary of Significant Accounting Policies (continued) 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. 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 entity. Adopted Accounting Pronouncements — In August 2016, the Financial Accounting Standards Board issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which made eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The ASU further clarified 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. Subsequently, 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 early adopted both ASU 2016-15 and ASU 2016-18 on January 1, 2017; the adoption of which impacted the Company’s presentation of its statement of cash flows, but did not have a material impact on the Company’s consolidated balance sheet or consolidated results of operations. Accordingly, the Company has retrospectively adjusted the presentation of its consolidated statement of cash flows for all periods presented. 2. Summary of Significant Accounting Policies (continued) The following table provides additional details by financial statement line item of the adjusted presentation in the Company’s consolidated statement of cash flows for the years ended December 31, 2016 and 2015 (in thousands): As Filed Adjusted December 31, December 31, 2016 Adjustments 2016 Operating activities: Loss on extinguishment of debt $ 368 $ 1,127 $ 1,495 Net cash provided by operating activities $ 73,404 $ 1,127 $ 74,531 Investing activities: Changes in restricted cash $ (2,434 ) $ 2,434 $ — Net cash used in investing activities $ (101,877 ) $ 2,434 $ (99,443 ) Financing activities: Payment on extinguishment of debt $ — $ (1,127 ) $ (1,127 ) Net cash provided by financing activities $ 18,068 $ (1,127 ) $ 16,941 Cash and restricted cash at end of period $ 58,517 $ 12,721 $ 71,238 As Filed Adjusted December 31, December 31, 2015 Adjustments 2015 Net cash provided by operating activities $ 43,517 $ ― $ 43,517 Investing activities: Changes in restricted cash $ 466 $ (466 ) $ — Net cash used in investing activities $ (950,761 ) $ (466 ) $ (951,227 ) Net cas

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Acquisitions	3. Acquisitions Real Estate Investment Properties — During the year ended December 31, 2017, the Company did not acquire any real estate investment properties, except for the purchase of a parcel of unimproved land discussed below. 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 The following summarizes the purchase price allocation for the above property, and the estimated fair values of the assets acquired and liabilities assumed (in thousands): Land and land improvements $ 3,283 Buildings and building improvements 20,142 Intangibles (1) 5,163 Total purchase price consideration $ 28,588 _____________ FOOTNOTE: (1) 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. 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 (in thousands except per share data): Years ended December 31, (Unaudited) (Unaudited) (Unaudited) 2017 2016 2015 Total revenues $ 398,416 $ 379,145 $ 348,684 Net loss (1) $ (26,312 ) $ (31,708 ) $ (70,864 ) Loss per share of common stock (basic and diluted) $ (0.15 ) $ (0.18 ) $ (0.42 ) Weighted average number of shares of common stock outstanding (basic and diluted) 175,151 175,121 170,735 _____________ FOOTNOTE: (1) 3. Acquisitions (continued) Real Estate Under Development — There were no acquisitions of real estate for development made by the Company during the years ended December 31, 2017 or 2016. Unimproved Land — In August 2017, the Company acquired a five acre tract of unimproved land adjacent to Pamilla Senior Living in Albuquerque, New Mexico for approximately $1.0 million and incurred approximately $0.1 million of acquisition costs that have been capitalized as a component of the land acquired.

Real Estate Assets, net

Real Estate Assets, net	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016 are as follows (in thousands): As of December 31, 2017 2016 Land and land improvements $ 251,879 $ 235,543 Building and building improvements 2,417,972 2,306,071 Furniture, fixtures and equipment 82,759 64,939 Less: accumulated depreciation (264,525 ) (186,738 ) Real estate investment properties, net 2,488,085 2,419,815 Real estate under development, including land — 97,164 Total real estate assets, net $ 2,488,085 $ 2,516,979 Depreciation expense on the Company’s real estate investment properties, net was approximately $78.8 million, $80.0 million and $63.6 million for the years ended December 31, 2017, 2016 and 2015, respectively. These amounts include depreciation through the determination date on assets held for sale. The following development properties and expansion projects were completed during the year ended December 31, 2017 Property Name Location Substantial Completion Date Development Properties Welbrook Transitional Care Grand Junction Grand Junction, CO March 2017 Waterstone on Augusta Greenville, SC March 2017 Wellmore of Lexington Lexington, SC June 2017 Dogwood Forest of Grayson Grayson, GA June 2017 Expansion Projects Brookridge Heights Assisted Living & Memory Care Marquette, MI June 2017 Tranquillity at Fredericktowne Frederick, MD December 2017

Intangibles, net

Intangibles, net	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016 are as follows (in thousands): As of December 31, 2017 2016 In-place lease intangibles $ 223,854 $ 223,854 Above-market lease intangibles 13,974 13,974 Below-market ground lease intangibles 12,470 12,470 Less: accumulated amortization (150,786 ) (119,689 ) Intangible assets, net $ 99,512 $ 130,609 Below-market lease intangibles $ (12,060 ) $ (12,060 ) Above-market ground lease intangibles (3,488 ) (3,488 ) Less: accumulated amortization 5,718 4,247 Intangible liabilities, net (1) $ (9,830 ) $ (11,301 ) ____________ FOOTNOTE: ( 1) Amortization on the Company’s intangible assets was approximately $31.2 million for the year ended December 31, 2017, of which approximately $1.7 million was treated as a reduction of rental income and tenant reimbursements, approximately $0.3 million was treated as an increase of property operating expenses and approximately $29.1 million was included in depreciation and amortization. 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 and tenant reimbursements, approximately $0.3 million was treated as an increase of property operating expenses and $43.0 million was included in depreciation and amortization. Amortization expense 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 and tenant reimbursements, approximately $0.3 million was treated as an increase of property operating expenses and approximately $42.3 million was included in depreciation and amortization. Amortization on the Company’s intangible liabilities was approximately $1.5 million for the year ended December 31, 2017, of which approximately $1.4 million was treated as an increase of rental income and tenant reimbursements and approximately $0.1 million was treated as a reduction of property operating expenses. 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 and tenant reimbursements and approximately $0.1 million was treated as a reduction of property operating expenses. For the year ended December 31, 2015, Amortization on the Company’s intangible liabilities was approximately $1.6 million, of which approximately $1.5 million was treated as an increase of rental income and tenant reimbursements and approximately $0.08 million 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 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 and a loss on lease termination of approximately $0.8 million related to certain deferred rent and other lease-related assets 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, 2017 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 2018 $ 17,609 1,569 320 $ 19,498 $ 1,254 89 $ 1,343 2019 12,354 1,269 320 13,943 1,093 89 1,182 2020 10,347 1,059 320 11,726 866 89 955 2021 9,175 976 320 10,471 750 89 839 2022 8,485 937 320 9,742 656 89 745 Thereafter 23,102 1,268 9,762 34,132 1,993 2,773 4,766 $ 81,072 7,078 11,362 $ 99,512 $ 6,612 3,218 $ 9,830 Weighted average remaining useful life as of December 31, 2017 (in years): In-place Lease Intangibles Above-market Leases Below-market Ground Leases Below-market Leases Above-market Ground Leases 3.8 4.8 35.5 5.9 36.0

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Operating Leases	6. Operating Leases As of December 31, 2017, 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 6.8 years based on annualized base rents expiring between 2018 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 $4.5 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. 6. Operating Leases (continued) The following are future minimum lease payments to be received under non-cancellable operating leases for the next five years and thereafter, in the aggregate, as of December 31, 2017 (in thousands): 2018 $ 119,726 2019 114,575 2020 108,654 2021 102,890 2022 89,796 Thereafter 396,319 $ 931,960 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.

Ground and Air Rights Leases

Ground and Air Rights Leases	12 Months Ended
	Dec. 31, 2017
Leases [Abstract]
Ground and Air Rights Leases	7. 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 $2.0 million, $1.9 million and $1.7 million in ground and air rights lease expense for the years ended December 31, 2017, 2016 and 2015, 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, 2017 (in thousands): 2018 $ 2,016 2019 2,038 2020 2,061 2021 2,092 2022 2,122 Thereafter 109,345 $ 119,674

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Variable Interest Entities	8. 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, 2017 and 2016 are as follows (in thousands): As of December 31, 2017 2016 Assets: Real estate investment properties, net $ 213,938 $ 112,929 Real estate under development, including land $ — $ 80,473 Intangibles, net $ 1,895 $ 2,891 Cash $ 2,203 $ 916 Deferred rent and lease incentives $ 6,332 $ 3,061 Other assets $ 1,025 $ 1,130 Restricted cash $ 1,242 $ 20 Liabilities: Mortgages and other notes payable, net $ 153,409 $ 104,890 Accounts payable and accrued liabilities $ 3,560 $ 1,461 Accrued development costs $ 909 $ 15,369 Other liabilities $ 1,322 $ 976 Due to related parties $ — $ 107 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 $65.7 million as of December 31, 2017. The Company’s exposure is limited because of the non-recourse nature of the borrowings of the VIEs. As of December 31, 2017 and 2016, the Company had 10 subsidiaries which are classified as VIEs due to the following factors and circumstances as of December 31, 2017: • 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 completed real estate under development in which there is insufficient equity at risk due to the development nature of each entity. • Two of these subsidiaries are joint ventures with 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. 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.

Contingent Purchase Price Consi

Contingent Purchase Price Consideration	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016 and 2015: Year Ended December 31, 2017 Property Beginning asset (liability) as of December 31, 2016 Contingent Consideration Payment (Receipt) Change in Fair Value Contingent Consideration in Connection with Acquisition Ending asset (liability) as of December 31, 2017 Superior Residences of Panama City (1) $ (4,000 ) $ 4,000 $ — $ — $ — Siena Pavilion VI (2) (645 ) 645 ― — ― Center One (3) 1,079 (1,032 ) (47 ) — ― $ (3,566 ) $ 3,613 $ (47 ) $ — $ — 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 ) Siena Pavilion VI (2) (3,750 ) 2,992 113 — (645 ) Center One (3) 1,019 (367 ) 427 — 1,079 The Shores of Lake Phalen (4) (750 ) — 750 — — $ (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 Superior Residences of Panama City (1) $ — $ — $ — $ (3,000 ) $ (3,000 ) Siena Pavilion VI (2) ― ― ― (3,750 ) (3,750 ) Center One (3) ― ― ― 1,019 1,019 The Shores of Lake Phalen (4) ― ― ― (750 ) (750 ) Capital Health (5) 4,078 (4,399 ) 321 ― ― Medical Portfolio I (6) (268 ) ― 268 ― ― $ 3,810 $ (4,399 ) $ 589 $ (6,481 ) $ (6,481 ) ______________ 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. As of December 31, 2017, the Company has no remaining obligations pursuant to the Panama City Earn-Out agreement. 9. Contingent Purchase Price Consideration (continued) (2) 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”). As of December 31, 2017, the Company has no remaining obligations pursuant to the Siena Pavilion VI Earn-Out agreement. (3) 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”). As of December 31, 2017, the remaining escrow under the Center One Rent Guarantee was released to the seller as the two spaces had been leased to third-party replacement tenants. (4) 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. The Shores of Lake Phalen Earn-Out expired as of December 31, 2016. (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. 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, 2017
Debt Disclosure [Abstract]
Indebtedness	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2017 10. Indebtedness The following table provides details of the Company’s indebtedness as of December 31, 2017 and 2016 (in thousands): As of December 31, 2017 2016 Mortgages payable and other notes payable: Fixed rate debt $ 409,607 $ 382,129 Variable rate debt (1) (2) 629,160 561,874 Mortgages and other notes payable ( 3) 1,038,767 944,003 Premium (discount), net (4) 102 (67 ) Loan costs, net (6,716 ) (7,213 ) Total mortgages and other notes payable, net 1,032,153 936,723 Credit facilities: Revolving Credit Facility (1) (2) (5) 182,000 194,863 First Term Loan Facility (1) 175,000 175,000 Second Term Loan Facility (1) (2) 275,000 275,000 Loan costs, net related to Term Loan Facilities (1,934 ) (2,874 ) Total credit facilities, net 630,066 641,989 Total borrowings $ 1,662,219 $ 1,578,712 FOOTNOTES: (1) As of December 31, 2017 and 2016, the Company had entered into interest rate swaps with notional amounts of approximately $506.4 million and $521.5 million, respectively, which were settling on a monthly basis. (2) As of December 31, 2017 and 2016, the Company had entered into interest rate caps with notional amounts of approximately $527.0 million and $410.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information. (3) As of December 31, 2017 and 2016, the Company’s mortgages and other notes payable are collateralized by 76 and 75 properties, respectively, with total carrying value of approximately $1.6 billion and $1.6 billion, respectively. (4) Premium (discount), net is reflective of the Company recording mortgage note payables assumed at fair value on the respective acquisition dates. (5) As of December 31, 2017 and 2016, the Company had undrawn availability under the Revolving Credit Facility of approximately $28.4 million and $11.1 million, respectively, based on the value of the properties in the unencumbered pool of assets supporting the loan. The following is a schedule of future principal payments and maturity for the Company’s total indebtedness for the next five years and thereafter, in the aggregate, as of December 31, 2017 (in thousands): 2018 $ 254,305 2019 531,307 2020 425,321 2021 49,558 2022 375,776 Thereafter 34,602 $ 1,670,869 10. Indebtedness (continued) The following table provides additional details of the Company’s mortgages and other notes payable as of December 31, 2017 and 2016 (in thousands): Interest Rate at December 31, December 31, Property and Loan Type 2017 (1) Payment Terms Maturity Date (2) 2017 2016 Primrose II Communities; Mortgage Loan 3.81% per annum Monthly principal and interest payments based on a 30-year amortization schedule 6/1/20 $ 21,541 $ 22,017 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 Pacific Northwest Communities; Mortgage Loans (3) 4.30% per annum Monthly principal and interest payments based on a 25-year amortization schedule 1/5/22 208,990 205,197 Capital Health Communities; Mortgage Loans (4) (4) Monthly principal and interest payments based on a 25-year amortization schedule 1/5/22 62,767 36,395 ProMed Medical Building I; Mortgage Loan 3.64% per annum (5) Monthly principal and interest payments based upon a 25-year amortization schedule 1/15/22 6,673 6,865 Primrose I Communities; Mortgage Loan (6) 4.11% per annum Monthly principal and interest payments based on a 30-year amortization schedule 9/1/22 49,899 51,000 Watercrest at Mansfield; Mortgage Loan (7) 4.68% per annum Monthly principal and interest payments based on a total payment of $143,330 6/1/23 25,676 26,165 540 New Waverly Place; Mortgage Loan (8) 4.08% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 5/31/28 6,665 6,868 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 7,571 7,797 Total fixed rate debt 409,607 382,129 Calvert Medical Office Properties; Mortgage Loan (9) 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 25,121 25,546 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 9/5/18 17,572 18,102 Northwest Medical Park; Mortgage Loan 30-day LIBOR plus 2.30% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 10/31/18 6,765 6,886 10. Indebtedness (continued) Interest Rate at December 31, December 31, Property and Loan Type 2017 (1) Payment Terms Maturity Date (2) 2017 2016 MHOSH; Mortgage Loan (10) 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 $ 47,072 $ 47,983 Medical Portfolio II Properties; Mortgage Loan (11) 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 79,295 81,365 HarborChase of Shorewood; Construction Loan 30-day LIBOR plus 3.0% per annum Monthly interest only payments through June 2017; principal and interest payments thereafter based on a 25-year amortization schedule 7/15/19 14,706 14,755 Wellmore of Lexington; Construction Loan 30-day LIBOR plus 2.5% per annum Monthly interest only payments through September 2019 9/13/19 33,423 13,542 Southeast Medical Office Properties; Mortgage Loan (12) 30-day LIBOR plus 2.0% per annum Monthly principal and interest payments based on a 25-year amortization schedule 12/22/19 149,864 155,090 Watercrest at Katy; Construction Loan 30-day LIBOR plus 2.75% per annum Monthly interest only payments through December 2017 12/27/19 26,300 24,047 Wellmore of Tega Cay; Mortgage Loan (13) 30-day LIBOR plus 2.65% per annum Monthly interest only payments for the first 12 months; principal and interest payments thereafter based on a 30-year amortization schedule 3/1/20 28,000 ― Palmilla Senior Living; Mortgage Loan (13) 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 26,799 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 18,302 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 10,900 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 15,628 3,351 10. Indebtedness (continued) Interest Rate at December 31, December 31, Property and Loan Type 2017 (1) Payment Terms Maturity Date (2) 2017 2016 Triangle Orthopaedic; Mortgage Loan (13) 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 $ 37,475 $ 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 15,167 15,379 Knoxville Medical Office Properties and Claremont Medical Office; Mortgage Loan (14) 30-day LIBOR plus 2.45% per annum Monthly principal and interest payments based on a 30-year amortization schedule 5/24/22 57,350 49,969 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 19,421 19,500 Total variable rate debt 629,160 561,874 Total debt $ 1,038,767 $ 944,003 FOOTNOTES: (1) The 30-day and 90-day LIBOR were approximately 1.56% and 1.70%, respectively, as of December 31, 2017 and approximately 0.77% and 1.00%, respectively, as of December 31, 2016. (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) In August 2017, the Company extended the maturity date on the existing loan of approximately $201.9 million from December 2018 to January 2022. In addition, the Company received approximately $9.5 million of additional borrowings through a supplemental loan with the same lender, which is co-terminus with the existing mortgage loans, collateralized by the communities and matures in January 2022. The supplemental loan further accrues interest at a fixed rate equal to 4.3% per annum and includes monthly interest only payments for the first 12 months followed by monthly principal and interest payments for the remaining term of the loan using a 30-year amortization period with the remaining principal balance payable at maturity. The 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. 10. Indebtedness (continued) (4) In August 2017, the Company extended the maturity date on the existing loan of approximately $35.4 million from January 2020 to January 2022. In addition, the Company received approximately $28.0 million of additional borrowings through a supplemental loan with the same lender, which is co-terminus with the existing mortgage loans, collateralized by the communities and matures in January 2022. The existing loan accrues interest at a fixed rate equal to 4.25% per annum. The supplemental loan accrues interest at a fixed rate equal to 4.3% per annum and includes monthly interest only payments for the first 12 months followed by monthly principal and interest payments for the remaining term of the loan using a 30-year amortization period with the remaining principal balance payable at maturity. The 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. (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 $0.2 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 discount 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 $25.1 million; see Note 12. “Derivative Financial Instruments” for additional information. (10) The Company entered into an interest rate swap with a remaining notional amount of $47.1 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 $80.8 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 $129.7 million; see Note 12. “Derivative Financial Instruments” for additional information. (13) The Company entered into an interest rate cap with a remaining notional amount of $117.0 million; see Note 12. “Derivative Financial Instruments” for additional information. (14) In May 2017, the Company refinanced the loans related to the Claremont Medical Office property and the Knoxville Medical Office Properties of approximately $12.4 million and $37.2 million, respectively, into a combined loan. The original loans were scheduled to mature January 2018 and July 2018, respectively. The Company entered into interest rate swaps with remaining notional amounts of $11.8 million and $36.8 million, respectively; see Note 12. “Derivative Financial Instruments” for additional information. 10. Indebtedness (continued) The following table provides the details of the fair market value and carrying value of the Company’s indebtedness as of December 31, 2017 and 2016 (in millions): December 31, 2017 December 31, 2016 Fair Value Carrying Value Fair Value Carrying Value Mortgages and other notes payable, net $ 1,034.9 $ 1,032.2 $ 943.4 $ 936.7 Credit facilities $ 632.0 $ 630.1 $ 644.9 $ 642.0 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, 2017 and 2016 because of the relatively short maturities of the obligations. In December 2014, the Company entered into a $230 million Revolving Credit Facility and a $175 million Term Loan Facility. Pursuant to the associated credit agreement, the Company has the ability to increase the borrowing capacity to $700 million under the accordion feature of the Credit Facilities. The Company has exercised this accordion feature and increased our borrowing capacity to $445 million. In addition, in October 2017, the Company exercised one of the 12-month extension options, resulting in the term ending December 2018. There is one remaining 12-month extension option through which the Company can extend the term through December 2019; whereas the Term Loan Facility has an initial term through February 2019 plus one 12-month extension option through which the term can be extended through February 2020. The Credit Facilities bear interest based on 30-day LIBOR and a spread that varies with the Company’s leverage ratio. In November 2015, the Company entered into a $250 million Second Term Loan Facility with an initial term through November 2020 and the ability to increase the Company’s borrowing capacity to $350 million under its accordion feature. The Second Term Loan bears interest based on the 30-day LIBOR and a spread that varies with the Company’s leverage ratio. To date, the Company has exercised this accordion feature and increased the 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, 2017, the Company was in compliance with all financial covenants. 1

Related Party Arrangements

Related Party Arrangements	12 Months Ended
	Dec. 31, 2017
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. 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. 11. Related Party Arrangements ( continued ) 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, 2017, the Company did not incur operating expenses in excess of the Limitation. 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 — Pursuant to the original expense support agreements, the Company’s Advisor and Property Manager agreed to forgo the payment of fees in cash and accept 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) aggregate modified funds from operations, as defined. The Advisor expense support amount was determined for each calendar quarter, on a non-cumulative basis, on each quarter-end date ("Original Determination Date”). The Property Manager expense support amount was determined for each calendar quarter, on a non-cumulative basis, after the calculation of the Advisor expense support amount pursuant to the Property Manager Expense Support Agreement on each quarter-end date. The Restricted Stock is subordinated and forfeited to the extent that shareholders do not receive their invested capital plus a 6% cumulative noncompounded annual return upon ultimate liquidity of the Company. 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. In March 2016, the Company’s board of directors approved the third amended and restated expense support agreements with both the Advisor and Property Manager that were effective January 1, 2016. These amendments 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 ("Amended Determination Date”). 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 were effective January 1, 2017. These amendments limit the annual expense support amount, in the aggregate, to an annualized four percent of the weighted average of the Board’s most recent determination of 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 agreements). 11. Related Party Arrangements (continued) The aforementioned amendments, along with the original expense support agreements and previous amendments govern the fees and expenses charged by the Advisor and Property Manager to the Company. For each quarter within a calendar expense support year, the Company records 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, the Company shall issue, within 90 days following each 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 then-current estimated NAV per share of common stock. The terms of the 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. 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, 2017, 2016 and 2015, the Company incurred approximately $0.9 million, $0.9 million and $0.6 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 incurs operating expenses which, in general, relate to administration of the Company on an ongoing basis. The fees incurred by and reimbursable to the Managing Dealer in connection with the Company’s Offerings for the years ended December 31, 2017, 2016 and 2015, and related amounts unpaid as of December 31, 2017 and 2016 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2017 2016 2015 2017 2016 Selling commissions (2) $ — $ — $ 12,507 $ — $ — Marketing support fees (2) ― ― 16,242 ― ― $ — $ — $ 28,749 $ — $ — The expenses and fees incurred by and reimbursable to the Company’s related parties for the years ended December 31, 2017, 2016 and 2015, and related amounts unpaid as of December 31, 2017 and 2016 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2017 2016 2015 2017 2016 Reimbursable expenses: Offering costs (2) $ — $ — $ 3,446 $ — $ — Operating expenses (3) 5,791 5,966 5,214 1,042 1,072 Acquisition fees and expenses 6 104 613 2 3 5,797 6,070 9,273 1,044 1,075 Investment services fees (4) 126 739 18,561 ― 17 Disposition fee (5) ― 343 ― ― ― Financing coordination fees (6) 3,601 ― ― ― ― Property management fees (7) 4,807 5,059 3,894 381 417 Asset management fees (8) 30,157 29,121 22,837 2,516 1,956 $ 44,488 $ 41,332 $ 54,565 $ 3,941 $ 3,465 11. Related Party Arrangements (continued) FOOTNOTES: (1) Amounts are reco (2) (3) (4) (5) (6) (7) (8) 11. Related Party Arrangements (continued) The following fees have been or are expected to be settled and paid in the form of Restricted Stock in accordance with the expense support agreements for the years ended December 31, 2017 and 2016, and cumulatively as of December 31, 2017 (in thousands, except per share data): Years Ended As of December 31, December 31, 2017 2016 2015 2017 Asset management fees (1) $ — $ 2,918 $ 4,379 $ 13,565 Then-current offering price or NAV (2) $ 10.32 $ 10.04 $ 10.19 $ 10.32 Restricted stock shares (3) ― 291 423 1,332 Cash distributions on Restricted Stock (4) $ 571 $ 427 $ 281 $ 1,381 Stock distributions on Restricted Stock (5) ― ― 14 21 _____________ FOOTNOTES: (1) (2) (3) In addition, the restricted stock shares were treated as unissued for financial reporting purposes because the vesting criteria had not been met as of . (4) (5)

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2017
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 investment’s, derivative financial instruments and the corresponding asset (liability) as of December 31, 2017 and 2016 (in thousands): Fair value asset (liability) as of Notional Amount Strike (1) Credit Spread (1) Trade date Forward date Maturity date December 31, 2017 December 31, 2016 $ 11,842 (2) 1.3 % 2.6 % 1/17/2013 1/15/2015 1/16/2018 $ 1 $ (44 ) $ 36,839 (2) 2.7 % 2.5 % 9/6/2013 8/17/2015 7/10/2018 $ (213 ) $ (878 ) $ 25,103 (2) 2.8 % 2.5 % 9/6/2013 8/17/2015 8/29/2018 $ (182 ) $ (667 ) $ 47,072 (2) 2.4 % 2.9 % 8/15/2014 6/1/2016 6/2/2019 $ (280 ) $ (949 ) $ 80,841 (2) 2.3 % 2.4 % 9/12/2014 8/1/2015 7/15/2019 $ (424 ) $ (1,512 ) $ 175,000 (2) 1.6 % 2.0 % 12/23/2014 12/19/2014 2/19/2019 $ 464 $ (992 ) $ 129,722 (2) 1.7 % 2.0 % 1/9/2015 12/10/2015 12/22/2019 $ 516 $ (976 ) $ 260,000 (3) 1.5 % ― % 11/19/2015 11/19/2015 11/30/2018 $ 681 $ 600 $ 150,000 (3) 1.5 % ― % 3/1/2016 3/1/2016 11/30/2018 $ 393 $ 346 $ 117,000 (3) 2.3 % ― % 8/29/2017 8/29/2017 9/1/2019 $ 95 $ — The following summarizes the gross and net presentation of amounts related to the Company’s, or its equity method investment’s, derivative financial instruments as of December 31, 2017 (in thousands): Gross and net amounts of asset (liability) as of December 31, 2017 Gross amounts as of December 31, 2017 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 11,842 (2) $ 1 $ — $ 1 $ 1 $ — $ 1 $ 36,839 (2) $ (213 ) $ — $ (213 ) $ (213 ) $ — $ (213 ) $ 25,103 (2) $ (182 ) $ — $ (182 ) $ (182 ) $ — $ (182 ) $ 47,072 (2) $ (280 ) $ — $ (280 ) $ (280 ) $ — $ (280 ) $ 80,841 (2) $ (424 ) $ — $ (424 ) $ (424 ) $ — $ (424 ) $ 175,000 (2) $ 464 $ — $ 464 $ 464 $ — $ 464 $ 129,722 (2) $ 516 $ — $ 516 $ 516 $ — $ 516 $ 260,000 (3) $ 681 $ — $ 681 $ 681 $ — $ 681 $ 150,000 (3) $ 393 $ — $ 393 $ 393 $ — $ 393 $ 117,000 (3) $ 95 $ — $ 95 $ 95 $ — $ 95 12. Derivative Financial Instruments (continued) The following summarizes the gross and net presentation of amounts related to the Company’s, or its equity method investment’s, 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 ) $ 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 FOOTNOTES: (1) (2) (3) 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, 2017
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 redemption 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. 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, 2017, 2016 and 2015, the Company received proceeds of approximately $43.2 million (4.3 million shares), $42.6 million (4.4 million shares) and $36.8 million (3.7 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 year ended December 31, 2015, the Company incurred approximately $57.4 million in stock issuance and other offering costs, as described in Note 11. “Related Party Arrangements.” Distributions — For the years ended December 31, 2017, 2016 and 2015, the Company declared cash distributions of $77.7 million, $74.0 million and $63.2 million, respectively, of which $34.5 million, $31.5 million and $26.4 million, respectively, were paid in cash to stockholders and $43.2 million, $42.6 million and $36.8 million, respectively, were reinvested pursuant to the Reinvestment Plan. In addition, for the year ended December 31, 2015, the Company declared and made stock distributions of approximately 3.2 million shares of common stock. The tax composition of the Company’s distributions declared for the years ended December 31, 2017, 2016 and 2015 were as follows: Years Ended December 31, 2017 2016 2015 Ordinary income 0.0 % 21.5 % 37.8 % Capital gain 0.0 % 14.4 % 0.0 % Unrecaptured Sec. 1250 gain 0.0 % 1.2 % 0.0 % Return of capital 100.0 % 62.9 % 62.2 % 13. Equity (continued) Redemptions — For the years ended December 31, 2017, 2016 and 2015, the Company received requests for the redemption of common stock of approximately 4.7 million, 3.7 million and 1.0 million shares, respectively, all of which were approved for redemption at an average price of $9.99, $9.73 and $9.51, respectively, and for a total of approximately $47.3 million, $36.2 million and $9.3 million, respectively. Promoted Interest — For the years ended December 31, 2017, 2016 and 2015, the Company recorded, as a reduction to capital in excess of par value, the following distributions to holders of promoted interest (in thousands): Years Ended December 31, 2017 2016 2015 Dogwood Forest of Acworth $ — $ (3,850 ) $ — Wellmore of Tega Cay ― (2,800 ) ― HarborChase of Villages Crossing (955 ) ― ― $ (955 ) $ (6,650 ) $ — Other comprehensive income (loss) — The following table reflects the effect of derivative financial instruments held by the Company, or its equity method investment, and included in the consolidated statements of comprehensive loss for the years ended December 31, 2017, 2016 and 2015 (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, 2017 2016 2015 2017 2016 2015 Interest rate swaps $ 5,573 $ 3,487 $ (4,881 ) Interest expense and loan cost amortization $ (3,902 ) $ (7,150 ) $ (4,110 ) Interest rate caps 1,013 (1,584 ) (262 ) Interest expense and loan cost amortization (849 ) (45 ) ― Reclassification of interest rate swaps upon derecognition 318 ― 236 Interest expense and loan cost amortization (318 ) ― (236 ) Reclassification of interest rate swaps due to ineffectiveness (26 ) (18 ) 33 Interest expense and loan cost amortization 26 18 (33 ) Interest rate cap held by unconsolidated joint venture ― (1 ) (9 ) Not applicable ― ― ― Total $ 6,878 $ 1,884 $ (4,883 ) $ (5,043 ) $ (7,177 ) $ (4,379 )

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes For the years ended December 31, 2017, 2016 and 2015, the Company recorded net current tax expense and deferred tax assets related to deferred income at its TRSs. The components of the income tax benefit (expense) for the years ended December 31, 2017, 2016 and 2015 were as follows (in thousands): Years Ended December 31, 2017 2016 2015 Current: Federal $ (245 ) $ — $ — State (523 ) (351 ) (378 ) Total current expense (768 ) (351 ) (378 ) Deferred: Federal 8,826 ― ― State 305 ― ― Total deferred benefit 9,131 ― ― Income tax benefit $ 8,363 $ (351 ) $ (378 ) 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 December 31, 2017 and 2016 are as follows: 2017 2016 Carryforwards of net operating loss $ 9,381 $ 9,110 Minimum tax credit carryforward (1) 189 ― Prepaid rent 648 442 Valuation allowance (2) (1,087 ) (9,552 ) Deferred tax assets, net $ 9,131 $ — FOOTNOTES: (1) (2) A reconciliation of the income tax benefit (expense) computed at the statutory federal tax rate on income before income taxes is as follows (in thousands): Years Ended December 31, 2017 2016 2015 Tax benefit computed at federal statutory rate $ 12,136 35.00 % $ 11,002 35.00 % $ 23,701 35.00 % Impact of REIT election (13,459 ) (38.82 )% (11,002 ) (35.00 )% (23,701 ) (35.00 )% State income tax expense net of federal benefit (406 ) (1.17 )% (351 ) (1.12 )% (378 ) (0.56 )% Effect of change in future tax rates 1,861 5.37 % ― ― ― ― Effect of change in valuation allowance 8,231 23.74 % ― ― ― ― Income tax benefit (expense) $ 8,363 24.12 % $ (351 ) (1.12 )% $ (378 ) (0.56 )% 14. Income Taxes (continued) The Company’s TRS entities had net operating loss carry-forwards for federal and state purposes of approximately $39.0 million and $48.6 million as of December 31, 2017 and 2016, respectively, to offset future taxable income. If not utilized, the federal net operating loss carry-forwards will begin to expire in 2034, and the state net operating loss carry-forwards will begin to expire in 2019. The Company analyzed its material tax positions and determined that it has not taken any uncertain tax positions. The tax years 2014 through 2017 remain subject to examination by taxing authorities. The Company did not identify items for which the income tax effects of the Tax Cuts and Jobs Act have not been completed and a reasonable estimate could not be determined as of December 31, 2017.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
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. The Company has approximately $2.5 million remaining development budgets for the Company’s completed developments and expansions. As a result of the Company’s completed seniors housing developments continuing to move towards or achieving stabilization, the Company monitors the lease-up of these properties to determine whether the established performance metrics have been met as of each reporting period. As of December 31, 2017, one property had met its established performance metrics, and the Company accrued $1.0 million as a distribution to the holder of promoted interest in the accompanying consolidated balance sheet. The Company has six remaining promoted interest agreements with third-party developers pursuant to which certain operating targets have been established that, 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. For the remaining six promoted interest agreements, the established performance metrics were not met nor probable of being met as of December 31, 2017. Refer to Note 7. “Ground and Air Rights Leases” for information on commitments under its ground and air rights lease agreements. 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, 2017
Risks And Uncertainties [Abstract]
Concentration of Credit Risk	16. Concentration of Credit Risk For the years ended December 31, 2017, 2016 and 2015 the Company had the following geographical concentration that individually accounted for 10% or more of total revenues: Type of Years Ended December 31, Concentration 2017 2016 2015 State of Texas (1) Geographical 18.6 % 18.4 % 16.5 % _______________ FOOTNOTE: (1)

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016 (in thousands, except per share data): 2017 Quarters First Second Third Fourth Full Year Total revenues $ 95,698 $ 97,780 $ 101,687 $ 103,251 $ 398,416 Operating income 7,463 8,491 6,270 8,831 31,055 Net income (loss) attributable to common stockholders (7,324 ) (7,901 ) (11,170 ) 433 (25,962 ) Weighted average number of shares outstanding (basic and diluted) 175,277 175,221 175,190 174,918 175,151 Net income (loss) per share of common stock (basic and diluted) $ (0.04 ) $ (0.05 ) $ (0.06 ) $ 0.00 $ (0.15 ) 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 Net income (loss) per share of common stock (basic and diluted) $ (0.08 ) $ (0.07 ) $ (0.07 ) $ 0.04 $ (0.18 )

Assets Held For Sale, net

Assets Held For Sale, net	12 Months Ended
	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Assets Held For Sale, net	18. Assets Held For Sale, net In August 2017, the Company committed to a plan to sell the Perennial Communities, which are comprised of six skilled nursing facilities located in Arkansas, and classified the associated assets as held for sale as of December 31, 2017. The sale of these properties would not cause a strategic shift in the Company nor would it be considered individually significant; therefore, it does not qualify as discontinued operations. As of December 31, 2017 and 2016, assets held for sale consisted of the following (in thousands): As of December 31, 2017 2016 Real estate assets, net $ 47,004 $ 47,178 Intangibles, net 800 893 Deferred rent and lease incentives 4,970 5,280 Real estate held for sale, net $ 52,774 $ 53,351

SCHEDULE II-Valuation and Quali

SCHEDULE II-Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016 AND 2015 (in thousands) Year Description Balance at Beginning of Year Charged to Costs and Expenses Charged to Other Accounts Balance at End of Year 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 ) 2017 Deferred tax asset valuation allowance $ (9,552 ) $ 8,465 $ — $ (1,087 ) Allowance for doubtful accounts (1,516 ) (834 ) — (2,350 ) $ (11,068 ) $ 7,631 $ — $ (3,437 )

SCHEDULE III-Real Estate and Ac

SCHEDULE III-Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2017
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, 2017 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Life on which 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 depreciation in latest income statement is computed Primrose Retirement Community of Casper Casper, Wyoming $ 11,535 $ 1,910 $ 16,310 $ 30 $ 296 $ — $ 1,940 $ 16,606 $ — $ 18,546 $ (2,552 ) 2004 2/16/2012 (1) Primrose Retirement Community of Grand Island Grand Island, Nebraska $ 8,137 $ 719 $ 12,140 $ 35 $ — $ — $ 754 $ 12,140 $ — $ 12,894 $ (1,957 ) 2005 2/16/2012 (1) Primrose Retirement Community of Mansfield Mansfield, Ohio $ 11,071 $ 650 $ 16,720 $ 229 $ 71 $ — $ 879 $ 16,791 $ — $ 17,670 $ (2,706 ) 2007 2/16/2012 (1) Primrose Retirement Community of Marion Marion, Ohio $ 9,183 $ 889 $ 16,305 $ — $ — $ — $ 889 $ 16,305 $ — $ 17,194 $ (2,595 ) 2006 2/16/2012 (1) Sweetwater Retirement Community Billings, Montana $ 9,973 $ 1,578 $ 14,205 $ 19 $ — $ — $ 1,597 $ 14,205 $ — $ 15,802 $ (2,205 ) 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 $ (1,685 ) 2013 8/29/2012 (1) Primrose Retirement Community Cottages Aberdeen, South Dakota $ — $ 311 $ 3,794 $ — $ — $ — $ 311 $ 3,794 $ — $ 4,105 $ (526 ) 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 $ (1,585 ) 2008 12/19/2012 (1) Primrose Retirement Community of Decatur Decatur, Illinois $ 10,120 $ 513 $ 16,706 $ — $ 154 $ — $ 513 $ 16,860 $ — $ 17,373 $ (2,287 ) 2009 12/19/2012 (1) Primrose Retirement Community of Lima Lima, Ohio $ — $ 944 $ 17,115 $ 8 $ 4 $ — $ 952 $ 17,119 $ — $ 18,071 $ (2,330 ) 2006 12/19/2012 (1) Primrose Retirement Community of Zanesville Zanesville, Ohio $ 11,421 $ 1,184 $ 17,292 $ — $ 67 $ — $ 1,184 $ 17,359 $ — $ 18,543 $ (2,362 ) 2008 12/19/2012 (1) Symphony Manor Baltimore, Maryland $ 14,697 $ 2,319 $ 19,444 $ — $ 79 $ — $ 2,319 $ 19,523 $ — $ 21,842 $ (2,614 ) 2011 12/21/2012 (1) Curry House Assisted Living & Memory Care Cadillac, Michigan $ 7,743 $ 995 $ 11,072 $ 8 $ — $ — $ 1,003 $ 11,072 $ — $ 12,075 $ (1,503 ) 1966 12/21/2012 (1) Tranquillity at Fredericktowne Frederick, Maryland $ 20,501 $ 808 $ 14,291 $ — $ 5,747 $ — $ 808 $ 20,038 $ — $ 20,846 $ (1,918 ) 2000 12/21/2012 (1) Brookridge Heights Assisted Living & Memory Care Marquette, Michigan $ 13,039 $ 595 $ 11,339 $ — $ 4,674 $ — $ 595 $ 16,013 $ — $ 16,608 $ (1,672 ) 1998 12/21/2012 (1) Woodholme Gardens Assisted Living & Memory Care Pikesville, Maryland ("Baltimore") $ 6,788 $ 1,603 $ 13,472 $ 54 $ — $ — $ 1,657 $ 13,472 $ — $ 15,129 $ (1,826 ) 2010 12/21/2012 (1) Batesville Healthcare Center Batesville, Arkansas $ — $ 397 $ 5,382 $ 113 $ 75 $ — $ 510 $ 5,457 $ — $ 5,967 $ (598 ) 1975 5/31/2013 (1) Broadway Healthcare Center West Memphis, Arkansas $ — $ 438 $ 10,560 $ — $ 77 $ — $ 438 $ 10,637 $ — $ 11,075 $ (1,189 ) 1994 5/31/2013 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2017 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Life on which 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 depreciation in latest income statement is computed Jonesboro Healthcare Center Jonesboro, Arkansas $ — $ 527 $ 13,493 $ — $ 5 $ — $ 527 $ 13,498 $ — $ 14,025 $ (1,494 ) 2012 5/31/2013 (1) Magnolia Healthcare Center Magnolia, Arkansas $ — $ 421 $ 10,454 $ — $ — $ — $ 421 $ 10,454 $ — $ 10,875 $ (1,177 ) 2009 5/31/2013 (1) Mine Creek Healthcare Center Nashville, Arkansas $ — $ 135 $ 2,942 $ 11 $ 36 $ — $ 146 $ 2,978 $ — $ 3,124 $ (347 ) 1978 5/31/2013 (1) Searcy Healthcare Center Searcy, Arkansas $ — $ 648 $ 6,017 $ — $ 222 $ — $ 648 $ 6,239 $ — $ 6,887 $ (710 ) 1973 5/31/2013 (1) LaPorte Cancer Center Westville, Indiana $ 7,571 $ 433 $ 10,846 $ 96 $ — $ — $ 529 $ 10,846 $ — $ 11,375 $ (1,330 ) 2010 6/14/2013 (1) Jefferson Medical Commons Jefferson City, Tennessee ("Knoxville") $ 8,354 $ 151 $ 10,236 $ — $ 195 $ — $ 151 $ 10,431 $ — $ 10,582 $ (1,226 ) 2001 7/10/2013 (1) Physicians Plaza A at North Knoxville Medical Center Powell, Tennessee ("Knoxville") $ 13,673 $ 262 $ 16,976 $ — $ 29 $ — $ 262 $ 17,005 $ — $ 17,267 $ (2,037 ) 2005 7/10/2013 (1) Physicians Plaza B at North Knoxville Medical Center Powell, Tennessee ("Knoxville") $ 16,614 $ 303 $ 18,754 $ — $ 318 $ — $ 303 $ 19,072 $ — $ 19,375 $ (2,261 ) 2008 7/10/2013 (1) Physicians Regional Medical Center - Central Wing Annex Knoxville, Tennessee $ 4,067 $ 73 $ 5,285 $ — $ — $ — $ 73 $ 5,285 $ — $ 5,358 $ (632 ) 2004 7/10/2013 (1) HarborChase of Jasper Jasper, Alabama $ — $ 355 $ 6,358 $ — $ 36 $ — $ 355 $ 6,394 $ — $ 6,749 $ (747 ) 1998 7/31/2013 (1) Chestnut Commons MOB Elyria, Ohio ("Cleveland") $ — $ 2,053 $ 15,650 $ 59 $ — $ — $ 2,112 $ 15,650 $ — $ 17,762 $ (2,003 ) 2008 8/16/2013 (1) Doctors Specialty Hospital Leawood, Kansas ("Kansas City") $ — $ 924 $ 5,771 $ 63 $ — $ — $ 987 $ 5,771 $ — $ 6,758 $ (716 ) 2001 8/16/2013 (1) Escondido Medical Arts Center Escondido, California ("San Diego") $ — $ 1,863 $ 12,199 $ — $ 23 $ — $ 1,863 $ 12,222 $ — $ 14,085 $ (1,402 ) 1994 8/16/2013 (1) John C. Lincoln Medical Office Plaza I Phoenix, Arizona $ — $ 233 $ 2,779 $ — $ 96 $ — $ 233 $ 2,875 $ — $ 3,108 $ (394 ) 1980 8/16/2013 (1) John C. Lincoln Medical Office Plaza II Phoenix, Arizona $ — $ 138 $ 1,908 $ — $ 66 $ — $ 138 $ 1,974 $ — $ 2,112 $ (234 ) 1984 8/16/2013 (1) North Mountain Medical Plaza Phoenix, Arizona $ — $ 297 $ 4,079 $ — $ 168 $ — $ 297 $ 4,247 $ — $ 4,544 $ (541 ) 1994 8/16/2013 (1) Raider Ranch Lubbock, Texas $ — $ 4,992 $ 48,818 $ 481 $ 12,077 $ — $ 5,473 $ 60,895 $ — $ 66,368 $ (6,256 ) 2009 8/29/2013 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2017 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Life on which depreciation in latest income statement is computed 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 Town Village Oklahoma City, Oklahoma $ — $ 1,020 $ 19,847 $ 76 $ 1,271 $ — $ 1,096 $ 21,118 $ — $ 22,214 $ (2,348 ) 2004 8/29/2013 (1) Calvert Medical Arts Center Prince Frederick, Maryland ("Washington D.C.") $ 12,030 $ 20 $ 17,838 $ 1 $ 86 $ — $ 21 $ 17,924 $ — $ 17,945 $ (2,004 ) 2009 8/30/2013 (1) Calvert MOBs I, II & III Prince Frederick, Maryland ("Washington D.C.") $ 10,217 $ 51 $ 14,334 $ — $ 286 $ — $ 51 $ 14,620 $ — $ 14,671 $ (1,667 ) 1991/1999/2000 8/30/2013 (1) Dunkirk Medical Center Dunkirk, Maryland ("Washington D.C.") $ 2,875 $ 351 $ 2,991 $ 20 $ 25 $ — $ 371 $ 3,016 $ — $ 3,387 $ (441 ) 1997 8/30/2013 (1) Prestige Senior Living Beaverton Hills Beaverton, Oregon ("Portland") $ 9,010 $ 1,387 $ 10,324 $ — $ — $ — $ 1,387 $ 10,324 $ — $ 11,711 $ (1,135 ) 2000 12/2/2013 (1) Prestige Senior Living High Desert Bend, Oregon $ 7,887 $ 835 $ 11,252 $ 13 $ — $ — $ 848 $ 11,252 $ — $ 12,100 $ (1,286 ) 2003 12/2/2013 (1) MorningStar of Billings Billings, Montana $ 19,732 $ 4,067 $ 41,373 $ 17 $ 80 $ — $ 4,084 $ 41,453 $ — $ 45,537 $ (4,793 ) 2009 12/2/2013 (1) MorningStar of Boise Boise, Idaho $ 21,142 $ 1,663 $ 35,752 $ 12 $ 80 $ — $ 1,675 $ 35,832 $ — $ 37,507 $ (3,904 ) 2007 12/2/2013 (1) Prestige Senior Living Huntington Terrace Gresham, Oregon ("Portland") $ 10,107 $ 1,236 $ 12,083 $ 2 $ 45 $ — $ 1,238 $ 12,128 $ — $ 13,366 $ (1,350 ) 2000 12/2/2013 (1) MorningStar of Idaho Falls Idaho Falls, Idaho $ 17,617 $ 2,006 $ 40,397 $ 5 $ 159 $ — $ 2,011 $ 40,556 $ — $ 42,567 $ (4,506 ) 2009 12/2/2013 (1) Prestige Senior Living Arbor Place Medford, Oregon $ 8,306 $ 355 $ 14,083 $ — $ — $ — $ 355 $ 14,083 $ — $ 14,438 $ (1,532 ) 2003 12/2/2013 (1) Prestige Senior Living Orchard Heights Salem, Oregon $ 12,122 $ 545 $ 15,544 $ 6 $ 81 $ — $ 551 $ 15,625 $ — $ 16,176 $ (1,686 ) 2002 12/2/2013 (1) Prestige Senior Living Southern Hills Salem, Oregon $ 7,560 $ 653 $ 10,753 $ 34 $ 2 $ — $ 687 $ 10,755 $ — $ 11,442 $ (1,189 ) 2001 12/2/2013 (1) MorningStar of Sparks Sparks, Nevada ("Reno") $ 23,435 $ 3,986 $ 47,968 $ 3 $ 23 $ — $ 3,989 $ 47,991 $ — $ 51,980 $ (5,392 ) 2009 12/2/2013 (1) Prestige Senior Living Five Rivers Tillamook, Oregon $ 7,752 $ 1,298 $ 14,064 $ 5 $ 125 $ — $ 1,303 $ 14,189 $ — $ 15,492 $ (1,644 ) 2002 12/2/2013 (1) Prestige Senior Living Riverwood Tualatin, Oregon ("Portland") $ 4,576 $ 1,028 $ 7,429 $ — $ 80 $ — $ 1,028 $ 7,509 $ — $ 8,537 $ (852 ) 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 $ (846 ) 1985 12/23/2013 (1) Coral Springs MOB I Coral Springs, Florida $ — $ 2,614 $ 11,220 $ 1 $ 23 $ — $ 2,615 $ 11,243 $ — $ 13,858 $ (1,327 ) 2005 12/23/2013 (1) Coral Springs MOB II Coral Springs, Florida $ — $ 2,614 $ 12,130 $ 1 $ 23 $ — $ 2,615 $ 12,153 $ — $ 14,768 $ (1,327 ) 2008 12/23/2013 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2017 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Life on which depreciation 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 in latest income statement is computed Chula Vista Medical Arts Center - Plaza I Chula Vista, California ("San Diego") $ — $ 6,130 $ 10,293 $ 14 $ 285 $ — $ 6,144 $ 10,578 $ — $ 16,722 $ (1,124 ) 1975 1/21/2014 (1) Prestige Senior Living Auburn Meadows Auburn, Washington ("Seattle") $ 10,560 $ 2,537 $ 17,261 $ — $ 142 $ — $ 2,537 $ 17,403 $ — $ 19,940 $ (1,855 ) 2003/2010 2/3/2014 (1) Prestige Senior Living Bridgewood Vancouver, Washington ("Portland") $ 13,292 $ 1,603 $ 18,172 $ — $ — $ — $ 1,603 $ 18,172 $ — $ 19,775 $ (1,930 ) 2001 2/3/2014 (1) Prestige Senior Living Monticello Park Longview, Washington $ 17,752 $ 1,981 $ 23,056 $ — $ — $ — $ 1,981 $ 23,056 $ — $ 25,037 $ (2,418 ) 2001/2010 2/3/2014 (1) Prestige Senior Living Rosemont Yelm, Washington $ 9,330 $ 668 $ 14,564 $ — $ 26 $ — $ 668 $ 14,590 $ — $ 15,258 $ (1,511 ) 2004 2/3/2014 (1) Wellmore of Tega Cay Tega Cay, South Carolina ("Charlotte") $ 28,000 $ 2,445 $ — $ 2,740 $ 23,440 $ — $ 5,185 $ 23,440 $ — $ 28,625 $ (1,959 ) 2015 2/7/2014 (1) Isle at Cedar Ridge Cedar Park, Texas ("Austin") $ — $ 1,525 $ 16,277 $ — $ 185 $ — $ 1,525 $ 16,462 $ — $ 17,987 $ (1,759 ) 2011 2/28/2014 (1) Prestige Senior Living West Hills Corvallis, Oregon $ 8,809 $ 842 $ 12,603 $ — $ — $ — $ 842 $ 12,603 $ — $ 13,445 $ (1,346 ) 2002 3/3/2014 (1) HarborChase of Plainfield Plainfield, Illinois $ — $ 1,596 $ 21,832 $ — $ — $ — $ 1,596 $ 21,832 $ — $ 23,428 $ (2,219 ) 2010 3/28/2014 (1) Legacy Ranch Alzheimer's Special Care Center Midland, Texas $ — $ 917 $ 9,982 $ — $ — $ — $ 917 $ 9,982 $ — $ 10,899 $ (1,035 ) 2012 3/28/2014 (1) The Springs Alzheimer's Special Care Center San Angelo, Texas $ — $ 595 $ 9,658 $ — $ — $ — $ 595 $ 9,658 $ — $ 10,253 $ (1,000 ) 2012 3/28/2014 (1) Isle at Watercrest - Bryan Bryan, Texas $ — $ 3,223 $ 40,581 $ 23 $ 703 $ — $ 3,246 $ 41,284 $ — $ 44,530 $ (4,197 ) 2011 4/21/2014 (1) Isle at Watercrest - Mansfield Mansfield, Texas ("Dallas/Fort Worth") $ — $ 997 $ 24,635 $ — $ — $ — $ 997 $ 24,635 $ — $ 25,632 $ (2,399 ) 2011 5/5/2014 (1) Memorial Hermann Orthopedic & Spine Hospital Bellaire, Texas ("Houston") $ 30,349 $ 3,867 $ 32,761 $ — $ — $ — $ 3,867 $ 32,761 $ — $ 36,628 $ (3,061 ) 2007 6/2/2014 (1) MHOSH MOB Bellaire, Texas ("Houston") $ 16,719 $ 3,738 $ 20,525 $ 767 $ 202 $ — $ 4,505 $ 20,727 $ — $ 25,232 $ (1,975 ) 2007 6/2/2014 (1) Watercrest at Katy Katy, Texas ("Houston") $ 26,300 $ 4,000 $ — $ 90 $ 32,358 $ — $ 4,090 $ 32,358 $ — $ 36,448 $ (1,326 ) 2016 6/27/2014 (1) Watercrest at Mansfield Mansfield, Texas ("Dallas/Fort Worth") $ 25,676 $ 2,191 $ 42,740 $ — $ 55 $ — $ 2,191 $ 42,795 $ — $ 44,986 $ (4,011 ) 2010 6/30/2014 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2017 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Life on which depreciation 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 in latest income statement is computed HarborChase of Shorewood Shorewood, Wisconsin ("Milwaukee") $ 14,706 $ 2,200 $ — $ 296 $ 19,862 $ — $ 2,496 $ 19,862 $ — $ 22,358 $ (1,101 ) 2015 7/8/2014 (1) Oklahoma City Inpatient Rehabilitation Hospital Oklahoma City, Oklahoma $ 15,426 $ 3,341 $ 19,249 $ — $ — $ — $ 3,341 $ 19,249 $ — $ 22,590 $ (1,898 ) 2012 7/15/2014 (1) Las Vegas Inpatient Rehabilitation Hospital Las Vegas, Nevada $ 13,483 $ 2,650 $ 16,979 $ — $ — $ — $ 2,650 $ 16,979 $ — $ 19,629 $ (1,693 ) 2007 7/15/2014 (1) South Bend Inpatient Rehabilitation Hospital Mishawaka, Indiana ("South Bend") $ 12,242 $ 2,339 $ 16,239 $ 4 $ — $ — $ 2,343 $ 16,239 $ — $ 18,582 $ (1,641 ) 2009 7/15/2014 (1) Beaumont Specialty Hospital Beaumont, Texas ("Houston") $ 20,322 $ 2,749 $ 28,863 $ — $ — $ — $ 2,749 $ 28,863 $ — $ 31,612 $ (2,658 ) 2013 8/15/2014 (1) Hurst Specialty Hospital Hurst, Texas ("Dallas/Fort Worth") $ 17,822 $ 2,510 $ 24,091 $ — $ — $ — $ 2,510 $ 24,091 $ — $ 26,601 $ (2,221 ) 2004/2012 8/15/2014 (1) Claremont Medical Office Claremont, CA ("Los Angeles") $ 14,643 $ 6,324 $ 13,533 $ — $ 35 $ — $ 6,324 $ 13,568 $ — $ 19,892 $ (1,329 ) 2008 8/29/2014 (1) Lee Hughes MOB Glendale, California ("Los Angeles") $ 17,572 $ 69 $ 22,967 $ — $ 216 $ — $ 69 $ 23,183 $ — $ 23,252 $ (1,932 ) 2008 9/29/2014 (1) Newburyport Medical Center Newburyport, Massachusetts ("Boston") $ — $ 2,614 $ 12,135 $ 36 $ — $ — $ 2,650 $ 12,135 $ — $ 14,785 $ (1,173 ) 2008 10/31/2014 (1) Northwest Medical Park Building Margate, Florida ("Fort Lauderdale") $ 6,765 $ 610 $ 6,170 $ — $ 139 $ — $ 610 $ 6,309 $ — $ 6,919 $ (630 ) 2004 10/31/2014 (1) Fairfield Village of Layton Layton, Utah ("Salt Lake City") $ — $ 5,217 $ 54,167 $ 12 $ 5 $ — $ 5,229 $ 54,172 $ — $ 59,401 $ (4,745 ) 2010 11/20/2014 (1) ProMed Building I Yuma, Arizona $ 6,673 $ 2,486 $ 6,728 $ — $ 49 $ — $ 2,486 $ 6,777 $ — $ 9,263 $ (603 ) 2006 12/19/2014 (1) Midtown Medical Plaza Charlotte, North Carolina $ 27,477 $ 10 $ 51,237 $ — $ 590 $ — $ 10 $ 51,827 $ — $ 51,837 $ (3,943 ) 1994 12/22/2014 (1) Presbyterian Medical Tower Charlotte, North Carolina $ 18,264 $ 40 $ 32,345 $ — $ 196 $ — $ 40 $ 32,541 $ — $ 32,581 $ (2,500 ) 1989 12/22/2014 (1) Metroview Professional Building Charlotte, North Carolina $ 8,676 $ 11 $ 15,910 $ — $ 97 $ — $ 11 $ 16,007 $ — $ 16,018 $ (1,230 ) 1971 12/22/2014 (1) Physicians Plaza Huntersville Huntersville, North Carolina ("Charlotte") $ 15,251 $ 520 $ 26,134 $ — $ 112 $ — $ 520 $ 26,246 $ — $ 26,766 $ (2,114 ) 2004 12/22/2014 (1) Matthews Medical Office Building Matthews, North Carolina ("Charlotte") $ 10,701 $ 350 $ 19,624 $ — $ 25 $ — $ 350 $ 19,649 $ — $ 19,999 $ (1,580 ) 1994 12/22/2014 (1) Outpatient Care Center Clyde, North Carolina ("Asheville") $ 10,021 $ 1,169 $ 12,079 $ 9 $ — $ — $ 1,178 $ 12,079 $ — $ 13,257 $ (953 ) 2012 12/22/2014 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2017 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Life on which depreciation 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 in latest income statement is computed 330 Physicians Center Rome, Georgia $ 18,610 $ 12 $ 26,868 $ — $ — $ — $ 12 $ 26,868 $ — $ 26,880 $ (2,069 ) 1987/2005 12/22/2014 (1) Spivey Station Physicians Center Atlanta, Georgia $ 9,114 $ 1,026 $ 12,246 $ — $ — $ — $ 1,026 $ 12,246 $ — $ 13,272 $ (1,033 ) 2007 12/22/2014 (1) Spivey Station ASC Building Atlanta, Georgia $ 11,635 $ 929 $ 13,769 $ — $ — $ — $ 929 $ 13,769 $ — $ 14,698 $ (1,142 ) 2009 12/22/2014 (1) Novi Orthopaedic Center Novi, Michigan $ 19,825 $ 1,314 $ 26,239 $ 30 $ 26 $ — $ 1,344 $ 26,265 $ — $ 27,609 $ (2,222 ) 2008 2/13/2015 (1) UT Cancer Institute Building Knoxville, Tennessee $ 20,116 $ 421 $ 27,621 $ — $ 66 $ — $ 421 $ 27,687 $ — $ 28,108 $ (2,086 ) 2012 2/20/2015 (1) Fieldstone Memory Care Yakima, Washington $ — $ 1,297 $ 9,965 $ — $ — $ — $ 1,297 $ 9,965 $ — $ 11,262 $ (777 ) 2014 3/31/2015 (1) Bend Memorial Clinic MOB Bend, Oregon $ — $ 9,069 $ 19,867 $ — $ — $ — $ 9,069 $ 19,867 $ — $ 28,936 $ (1,640 ) 1976 5/11/2015 (1) Stoneterra Medical Plaza San Antonio, Texas $ — $ 2,864 $ 10,412 $ — $ 23 $ — $ 2,864 $ 10,435 $ — $ 13,299 $ (773 ) 2006 5/29/2015 (1) Primrose Retirement Center of Anderson Anderson, Indiana ("Muncie") $ — $ 1,342 $ 19,083 $ — $ 33 $ — $ 1,342 $ 19,116 $ — $ 20,458 $ (1,393 ) 2008 5/29/2015 (1) Primrose Retirement Center of Lancaster Lancaster, Ohio ("Columbus") $ — $ 2,840 $ 21,884 $ — $ — $ — $ 2,840 $ 21,884 $ — $ 24,724 $ (1,757 ) 2007 5/29/2015 (1) Primrose Retirement Center of Wausau Wausau, Wisconsin ("Green Bay") $ — $ 1,089 $ 18,653 $ — $ — $ — $ 1,089 $ 18,653 $ — $ 19,742 $ (1,307 ) 2008 5/29/2015 (1) Triangle Orthopaedic Durham Durham, North Carolina $ 12,690 $ 3,191 $ 14,523 $ 134 $ — $ — $ 3,325 $ 14,523 $ — $ 17,848 $ (1,070 ) 2000 6/29/2015 (1) Triangle Orthopaedic Roxboro Roxboro, North Carolina $ 1,289 $ 287 $ 1,406 $ — $ — $ — $ 287 $ 1,406 $ — $ 1,693 $ (111 ) 2000 6/29/2015 (1) Triangle Orthopaedic Chapel Hill Chapel Hill, North Carolina $ 1,884 $ 360 $ 2,306 $ — $ — $ — $ 360 $ 2,306 $ — $ 2,666 $ (165 ) 2011 6/29/2015 (1) Triangle Orthopaedic Oxford Oxford, North Carolina $ 2,776 $ 658 $ 3,074 $ — $ — $ — $ 658 $ 3,074 $ — $ 3,732 $ (241 ) 2011 6/29/2015 (1) North Carolina Specialty Hospital Durham, North Carolina $ 18,837 $ 3,173 $ 22,762 $ — $ 14 $ — $ 3,173 $ 22,776 $ — $ 25,949 $ (1,575 ) 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 $ (214 ) 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 $ (459 ) 2006 6/30/2015 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2017 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Life on which depreciation 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 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 $ (1,363 ) 2015 7/15/2015 (1) 540 New Waverly Place Cary, North Carolina ("Raleigh") $ 6,665 $ 2,476 $ 11,009 $ — $ — $ — $ 2,476 $ 11,009 $ — $ 13,485 $ (789 ) 2007 7/20/2015 (1) MedHelp Birmingham, Alabama $ — $ 2,270 $ 10,359 $ — $ — $ — $ 2,270 $ 10,359 $ — $ 12,629 $ (688 ) 2015 7/31/2015 (1) Patriot Professional Center Frederick, Maryland ("Baltimore") $ — $ 3,912 $ 11,781 $ — $ — $ — $ 3,912 $ 11,781 $ — $ 15,693 $ (849 ) 2006/2014 7/31/2015 (1) Liberty Professional Center Frederick, Maryland ("Baltimore") $ — $ 1,977 $ 4,462 $ 10 $ — $ — $ 1,987 $ 4,462 $ — $ 6,449 $ (316 ) 1979/2013 7/31/2015 (1) The Hampton at Meadows Place Meadows Place, Texas ("Houston") $ — $ 715 $ 24,281 $ — $ 34 $ — $ 715 $ 24,315 $ — $ 25,030 $ (1,533 ) 2007/2013/2014 7/31/2015 (1) The Pavilion at Great Hills Austin, Texas $ — $ 1,783 $ 29,318 $ — $ — $ — $ 1,783 $ 29,318 $ — $ 31,101 $ (1,867 ) 2010 7/31/2015 (1) The Beacon at Gulf Breeze Gulf Breeze, Florida ("Pensacola") $ — $ 824 $ 24,106 $ — $ — $ — $ 824 $ 24,106 $ — $ 24,930 $ (1,581 ) 2008 7/31/2015 (1) Parc at Piedmont Marietta, Georgia ("Atlanta") $ — $ 3,529 $ 43,080 $ — $ 16 $ — $ 3,529 $ 43,096 $ — $ 46,625 $ (2,837 ) 2001/2011 7/31/2015 (1) Parc at Duluth Duluth, Georgia ("Atlanta") $ — $ 5,951 $ 42,458 $ — $ — $ — $ 5,951 $ 42,458 $ — $ 48,409 $ (2,792 ) 2003/2012 7/31/2015 (1) Broadway Medical Plaza 1 Columbia, Missouri $ — $ 437 $ 9,281 $ — $ 135 $ — $ 437 $ 9,416 $ — $ 9,853 $ (624 ) 1994 8/21/2015 (1) Broadway Medical Plaza 2 Columbia, Missouri $ — $ 386 $ 12,460 $ — $ — $ — $ 386 $ 12,460 $ — $ 12,846 $ (806 ) 1999 8/21/2015 (1) Broadway Medical Plaza 4 Columbia, Missouri $ — $ 170 $ 12,118 $ — $ 86 $ — $ 170 $ 12,204 $ — $ 12,374 $ (751 ) 2007 8/21/2015 (1) Waterstone on Augusta Greenville, South Carolina $ 18,302 $ 2,253 $ — $ 2,064 $ 20,770 $ — $ 4,317 $ 20,770 $ — $ 25,087 $ (502 ) 2017 8/31/2015 (1) Welbrook Senior Living Grand Junction Grand Junction, Colorado $ — $ 1,050 $ — $ 1,348 $ 9,901 $ — $ 2,398 $ 9,901 $ — $ 12,299 $ (286 ) 2017 9/4/2015 (1) Wellmore of Lexington Lexington, South Carolina ("Columbia") $ 33,423 $ 2,300 $ — $ 3,143 $ 43,081 $ — $ 5,443 $ 43,081 $ — $ 48,524 $ (657 ) 2017 9/14/2015 (1) Palmilla Senior Living Albuquerque, New Mexico $ 26,799 $ 4,701 $ 38,321 $ — $ — $ — $ 4,701 $ 38,321 $ — $ 43,022 $ (2,362 ) 2013 9/30/2015 (1) Cedar Lake Assisted Living and Memory Care Lake Zurich, Illinois ("Chicago") $ — $ 2,412 $ 25,126 $ — $ — $ — $ 2,412 $ 25,126 $ — $ 27,538 $ (1,546 ) 2014 9/30/2015 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2017 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Life on which 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 depreciation in latest income statement is computed Fieldstone at Pear Orchard Yakima Washington $ 10,900 $ 1,035 $ — $ 96 $ 13,486 $ — $ 1,131 $ 13,486 $ — $ 14,617 $ (379 ) 2016 10/12/2015 (1) The Shores at Lake Phalen Maplewood, Minnesota ("St. Paul") $ — $ 2,724 $ 25,093 $ 10 $ — $ — $ 2,734 $ 25,093 $ — $ 27,827 $ (1,474 ) 2012 11/10/2015 (1) Dogwood Forrest of Grayson Grayson, Georgia $ 15,628 $ 1,788 $ — $ 109 $ 22,257 $ — $ 1,897 $ 22,257 $ — $ 24,154 $ (335 ) 2017 11/24/2015 (1) Center One Jacksonville, Florida $ — $ 8,294 $ 21,756 $ 1 $ 153 $ — $ 8,295 $ 21,909 $ — $ 30,204 $ (1,310 ) 2006 11/30/2015 (1) Red Bank Professional Office Building Cincinnati, Ohio $ — $ 1,721 $ 7,721 $ — $ — $ — $ 1,721 $ 7,721 $ — $ 9,442 $ (455 ) 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 $ (2,539 ) 2006/2014 12/17/2015 (1) Siena Pavilion IV Henderson, Nevada ("Las Vegas") $ — $ 1,454 $ 4,786 $ — $ — $ — $ 1,454 $ 4,786 $ — $ 6,240 $ (280 ) 2002 12/18/2015 (1) Siena Pavilion V Henderson, Nevada ("Las Vegas") $ — $ 3,944 $ 20,355 $ — $ — $ — $ 3,944 $ 20,355 $ — $ 24,299 $ (1,168 ) 2003 12/18/2015 (1) Siena Pavilion VI Henderson, Nevada ("Las Vegas") $ — $ 2,599 $ 18,725 $ — $ 43 $ — $ 2,599 $ 18,768 $ — $ 21,367 $ (1,011 ) 2005 12/18/2015 (1) Hearthside Senior Living of Collierville Collierville, Tennessee ("Memphis") $ — $ 1,756 $ 13,379 $ 7 $ — $ — $ 1,763 $ 13,379 $ — $ 15,142 $ (748 ) 2014 12/29/2015 (1) Cobalt Rehabilitation Hospital Surprise Surprise, Arizona ("Phoenix") $ 15,167 $ 2,464 $ 17,983 $ — $ — $ — $ 2,464 $ 17,983 $ — $ 20,447 $ (1,021 ) 2015 12/30/2015 (1) Cobalt Rehabilitation Hospital New Orleans New Orleans, Louisiana $ 19,421 $ 3,283 $ 20,142 $ — $ — $ — $ 3,283 $ 20,142 $ — $ 23,425 $ (639 ) 2016 10/19/2016 (1) Albuquerque, New Mexico - Unimproved Land Albuquerque, New Mexico $ — $ 1,056 $ ― $ ― $ — $ — $ 1,056 $ — $ — $ 1,056 $ — ― 9/7/2017 $ 1,038,767 $ 241,227 $ 2,235,690 $ 13,345 $ 231,543 $ — $ 254,572 $ 2,467,233 $ — $ 2,721,805 $ (219,457 ) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2017 (in thousands) Transactions in real estate and accumulated depreciation as of December 31, 2017 are as follows: Balance December 31, 2014 $ 1,721,429 Balance December 31, 2014 $ (40,467 ) 2015 Acquisitions 802,456 2015 Depreciation (49,734 ) 2015Improvements 65,018 Balance December 31, 2015 (90,201 ) Balance December 31, 2015 2,588,903 2016 Depreciation (63,745 ) 2016 Acquisitions 23,425 2016 Accumulated depreciation on dispositions 822 2016 Improvements 97,767 Balance December 31, 2016 (153,124 ) 2016 Dispositions (18,021 ) 2017 Depreciation (66,333 ) Balance December 31, 2016 2,692,074 Balance December 31, 2017 $ (219,457 ) 2017 Acquisitions 1,056 2017 Improvements 28,675 Balance December 31, 2017 $ 2,721,805 _____________ FOOTNOTES: (1) (2) . 1

SCHEDULE IV-Mortgage Loans on R

SCHEDULE IV-Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016 AND 2015 (in thousands) The following is a reconciliation of mortgages and other notes receivable on real estate for the years ended December 31, 2017, 2016 and 2015 (in thousands): 2017 2016 2015 Balance at beginning of year $ — $ — $ — Additions during period: New mortgage loans and additional advances 1,168 ― ― Accrued and deferred interest 11 ― ― Deductions during period: Collection of principal ― ― ― Balance at end of year $ 1,179 $ — $ —

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
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 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 real estate, the Company first determines whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets in order to determine whether the acquisition should be accounted for as an asset acquisition. If the substantially all threshold is not met, the Company then determines whether the acquisition meets the definition of a business (i.e. does it include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs). 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. 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.
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. 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, 2017, 2016 and 2015, the Company incurred interest expense and loan cost amortization of approximately $68.3 million, $61.1 million and $45.3 million, respectively, of which approximately $2.1 million, $2.8 million and $2.3 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, 2017, 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, 2017 and 2016, the accumulated amortization of loan costs was approximately $14.7 million and $10.3 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 and tenant reimbursements includes rental income that 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. 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 and tenant reimbursements 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. Rental income and tenant reimbursements also includes tenant reimbursements that represent 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, such as real estate taxes, common area maintenance, and similar items. 2. Summary of Significant Accounting Policies (continued) Resident fees and services are recorded in the period in which the services are performed and generally consist of (1) monthly rent, which covers occupancy of the residents’ unit as well as basic services, such as utilities, meals and certain housekeeping services, and (2) service level charges, such as assisted living care, memory care and ancillary services billed monthly in advance being recorded as deferred revenue and amortized over the estimated resident stay.
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 an unconsolidated equity method investment held by the Company use or have used 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 investment 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 entity 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 year ended December 31, 2015 has been revised to include stock distributions declared and issued as if they were outstanding as of the beginning of the period presented.
Shares Based Payments to Non-Employees	Shares Based Payments to Non-Employees — In connection with the 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 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, by tenant or by operator. 2. Summary of Significant Accounting Policies (continued) 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, 2017, 2016 and 2015 (in millions): Years Ended December 31, 2017 2016 2015 Capitalized as a component of the related assets $ 0.2 $ 0.2 $ 4.2 Acquisition costs expensed ― 1.0 21.5 Total acquisition costs incurred $ 0.2 $ 1.2 $ 25.7
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 IRS 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. 2. Summary of Significant Accounting Policies (continued) 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.
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 entity.
Adopted Accounting Pronouncements	Adopted Accounting Pronouncements — In August 2016, the Financial Accounting Standards Board issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which made eight targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. The ASU further clarified 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. Subsequently, 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 early adopted both ASU 2016-15 and ASU 2016-18 on January 1, 2017; the adoption of which impacted the Company’s presentation of its statement of cash flows, but did not have a material impact on the Company’s consolidated balance sheet or consolidated results of operations. Accordingly, the Company has retrospectively adjusted the presentation of its consolidated statement of cash flows for all periods presented. 2. Summary of Significant Accounting Policies (continued) The following table provides additional details by financial statement line item of the adjusted presentation in the Company’s consolidated statement of cash flows for the years ended December 31, 2016 and 2015 (in thousands): As Filed Adjusted December 31, December 31, 2016 Adjustments 2016 Operating activities: Loss on extinguishment of debt $ 368 $ 1,127 $ 1,495 Net cash provided by operating activities $ 73,404 $ 1,127 $ 74,531 Investing activities: Changes in restricted cash $ (2,434 ) $ 2,434 $ — Net cash used in investing activities $ (101,877 ) $ 2,434 $ (99,443 ) Financing activities: Payment on extinguishment of debt $ — $ (1,127 ) $ (1,127 ) Net cash provided by financing activities $ 18,068 $ (1,127 ) $ 16,941 Cash and restricted cash at end of period $ 58,517 $ 12,721 $ 71,238 As Filed Adjusted December 31, December 31, 2015 Adjustments 2015 Net cash provided by operating activities $ 43,517 $ ― $ 43,517 Investing activities: Changes in restricted cash $ 466 $ (466 ) $ — Net cash used in investing activities $ (950,761 ) $ (466 ) $ (951,227 ) Net cash provided by financing activities $ 884,811 $ ― $ 884,811 Cash and restricted cash at end of period $ 68,922 $ 10,287 $ 79,209 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 has adopted ASU 2016-17 on January 1, 2017; the adoption of which did not have a material impact to its consolidated financial position, results of operations or 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 early adopted ASU 2017-01 on January 1, 2017; 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, the FASB issued ASU 2017-05, "Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20)," which clarifies the scope of subtopic 610-20, that was issued as a part of ASU 2014-09, as it relates to in-substance nonfinancial assets and must be adopted concurrently with ASC 606. Both ASUs 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 adopted these ASUs using the modified retrospective approach as its transition method effective January 1, 2018; the adoption of which will not have a material impact to its consolidated financial statements. 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 continues to execute on its implementation plan for ASC 842 and expects to adopt this ASU on January 1, 2019. The Company expects that adoption will impact the Company’s consolidated financial statements and related financial statement disclosures; specifically, (1) the Company’s consolidated financial position as it relates to the required presentation for arrangements such as ground and air rights leases in which the Company is the lessee, and (2) the allocation of consideration between lease and non-lease components for arrangements in which the Company is the lessor. However, 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 addition, while still in exposure draft, the FASB has proposed a practical expedient for lessors allowing them to elect to not separate lease and non-lease components in a contract for the purpose of revenue recognition and disclosure if certain criteria are met. If the proposed practical expedient is finalized, the Company plans to elect the practical expedient. In August 2017, the FASB issued ASU 2017-12 “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities,” which amended the hedge accounting model to better reflect an entity’s risk management activities. The ASU expands an entities ability to hedge nonfinancial and financial risk components as well as reduce the complexity related to fair value hedges of interest rate risk. The ASU further eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2018. The Company expects to early adopt this ASU on January 1, 2018 and does not expect the adoption of this ASU to have a material impact on the Company’s consolidated results of operations or cash flows.

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Acquisition Fees and Expenses	The following table summarizes the Company’s acquisition fees and expenses for the years ended December 31, 2017, 2016 and 2015 (in millions): Years Ended December 31, 2017 2016 2015 Capitalized as a component of the related assets $ 0.2 $ 0.2 $ 4.2 Acquisition costs expensed ― 1.0 21.5 Total acquisition costs incurred $ 0.2 $ 1.2 $ 25.7
Schedule of Adjusted Statement of Cash Flows	The following table provides additional details by financial statement line item of the adjusted presentation in the Company’s consolidated statement of cash flows for the years ended December 31, 2016 and 2015 (in thousands): As Filed Adjusted December 31, December 31, 2016 Adjustments 2016 Operating activities: Loss on extinguishment of debt $ 368 $ 1,127 $ 1,495 Net cash provided by operating activities $ 73,404 $ 1,127 $ 74,531 Investing activities: Changes in restricted cash $ (2,434 ) $ 2,434 $ — Net cash used in investing activities $ (101,877 ) $ 2,434 $ (99,443 ) Financing activities: Payment on extinguishment of debt $ — $ (1,127 ) $ (1,127 ) Net cash provided by financing activities $ 18,068 $ (1,127 ) $ 16,941 Cash and restricted cash at end of period $ 58,517 $ 12,721 $ 71,238 As Filed Adjusted December 31, December 31, 2015 Adjustments 2015 Net cash provided by operating activities $ 43,517 $ ― $ 43,517 Investing activities: Changes in restricted cash $ 466 $ (466 ) $ — Net cash used in investing activities $ (950,761 ) $ (466 ) $ (951,227 ) Net cash provided by financing activities $ 884,811 $ ― $ 884,811 Cash and restricted cash at end of period $ 68,922 $ 10,287 $ 79,209

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Acquisitions of Properties	Real Estate Investment Properties — During the year ended December 31, 2017, the Company did not acquire any real estate investment properties, except for the purchase of a parcel of unimproved land discussed below. 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
Schedule of Purchase Price Allocation	The following summarizes the purchase price allocation for the above property, and the estimated fair values of the assets acquired and liabilities assumed (in thousands): Land and land improvements $ 3,283 Buildings and building improvements 20,142 Intangibles (1) 5,163 Total purchase price consideration $ 28,588 _____________ FOOTNOTE: (1)
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 (in thousands except per share data): Years ended December 31, (Unaudited) (Unaudited) (Unaudited) 2017 2016 2015 Total revenues $ 398,416 $ 379,145 $ 348,684 Net loss (1) $ (26,312 ) $ (31,708 ) $ (70,864 ) Loss per share of common stock (basic and diluted) $ (0.15 ) $ (0.18 ) $ (0.42 ) Weighted average number of shares of common stock outstanding (basic and diluted) 175,151 175,121 170,735 _____________ FOOTNOTE: (1)

Real Estate Assets, net (Tables

Real Estate Assets, net (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016 are as follows (in thousands): As of December 31, 2017 2016 Land and land improvements $ 251,879 $ 235,543 Building and building improvements 2,417,972 2,306,071 Furniture, fixtures and equipment 82,759 64,939 Less: accumulated depreciation (264,525 ) (186,738 ) Real estate investment properties, net 2,488,085 2,419,815 Real estate under development, including land — 97,164 Total real estate assets, net $ 2,488,085 $ 2,516,979
Under Development with Third-Party Developers
Real Estate Properties [Line Items]
Schedule of Real Estate Investment Properties	The following development properties and expansion projects were completed during the year ended December 31, 2017 Property Name Location Substantial Completion Date Development Properties Welbrook Transitional Care Grand Junction Grand Junction, CO March 2017 Waterstone on Augusta Greenville, SC March 2017 Wellmore of Lexington Lexington, SC June 2017 Dogwood Forest of Grayson Grayson, GA June 2017 Expansion Projects Brookridge Heights Assisted Living & Memory Care Marquette, MI June 2017 Tranquillity at Fredericktowne Frederick, MD December 2017

Intangibles, net (Tables)

Intangibles, net (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016 are as follows (in thousands): As of December 31, 2017 2016 In-place lease intangibles $ 223,854 $ 223,854 Above-market lease intangibles 13,974 13,974 Below-market ground lease intangibles 12,470 12,470 Less: accumulated amortization (150,786 ) (119,689 ) Intangible assets, net $ 99,512 $ 130,609 Below-market lease intangibles $ (12,060 ) $ (12,060 ) Above-market ground lease intangibles (3,488 ) (3,488 ) Less: accumulated amortization 5,718 4,247 Intangible liabilities, net (1) $ (9,830 ) $ (11,301 ) ____________ FOOTNOTE: ( 1)
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, 2017 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 2018 $ 17,609 1,569 320 $ 19,498 $ 1,254 89 $ 1,343 2019 12,354 1,269 320 13,943 1,093 89 1,182 2020 10,347 1,059 320 11,726 866 89 955 2021 9,175 976 320 10,471 750 89 839 2022 8,485 937 320 9,742 656 89 745 Thereafter 23,102 1,268 9,762 34,132 1,993 2,773 4,766 $ 81,072 7,078 11,362 $ 99,512 $ 6,612 3,218 $ 9,830 Weighted average remaining useful life as of December 31, 2017 (in years): In-place Lease Intangibles Above-market Leases Below-market Ground Leases Below-market Leases Above-market Ground Leases 3.8 4.8 35.5 5.9 36.0

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2017
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, in the aggregate, as of December 31, 2017 (in thousands): 2018 $ 119,726 2019 114,575 2020 108,654 2021 102,890 2022 89,796 Thereafter 396,319 $ 931,960

Ground and Air Rights Leases (T

Ground and Air Rights Leases (Tables)	12 Months Ended
	Dec. 31, 2017
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, in the aggregate, as of December 31, 2017 (in thousands): 2018 $ 119,726 2019 114,575 2020 108,654 2021 102,890 2022 89,796 Thereafter 396,319 $ 931,960
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, 2017 (in thousands): 2018 $ 2,016 2019 2,038 2020 2,061 2021 2,092 2022 2,122 Thereafter 109,345 $ 119,674

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016 are as follows (in thousands): As of December 31, 2017 2016 Assets: Real estate investment properties, net $ 213,938 $ 112,929 Real estate under development, including land $ — $ 80,473 Intangibles, net $ 1,895 $ 2,891 Cash $ 2,203 $ 916 Deferred rent and lease incentives $ 6,332 $ 3,061 Other assets $ 1,025 $ 1,130 Restricted cash $ 1,242 $ 20 Liabilities: Mortgages and other notes payable, net $ 153,409 $ 104,890 Accounts payable and accrued liabilities $ 3,560 $ 1,461 Accrued development costs $ 909 $ 15,369 Other liabilities $ 1,322 $ 976 Due to related parties $ — $ 107

Contingent Purchase Price Con39

Contingent Purchase Price Consideration (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016 and 2015: Year Ended December 31, 2017 Property Beginning asset (liability) as of December 31, 2016 Contingent Consideration Payment (Receipt) Change in Fair Value Contingent Consideration in Connection with Acquisition Ending asset (liability) as of December 31, 2017 Superior Residences of Panama City (1) $ (4,000 ) $ 4,000 $ — $ — $ — Siena Pavilion VI (2) (645 ) 645 ― — ― Center One (3) 1,079 (1,032 ) (47 ) — ― $ (3,566 ) $ 3,613 $ (47 ) $ — $ — 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 ) Siena Pavilion VI (2) (3,750 ) 2,992 113 — (645 ) Center One (3) 1,019 (367 ) 427 — 1,079 The Shores of Lake Phalen (4) (750 ) — 750 — — $ (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 Superior Residences of Panama City (1) $ — $ — $ — $ (3,000 ) $ (3,000 ) Siena Pavilion VI (2) ― ― ― (3,750 ) (3,750 ) Center One (3) ― ― ― 1,019 1,019 The Shores of Lake Phalen (4) ― ― ― (750 ) (750 ) Capital Health (5) 4,078 (4,399 ) 321 ― ― Medical Portfolio I (6) (268 ) ― 268 ― ― $ 3,810 $ (4,399 ) $ 589 $ (6,481 ) $ (6,481 ) ______________ 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. As of December 31, 2017, the Company has no remaining obligations pursuant to the Panama City Earn-Out agreement. 9. Contingent Purchase Price Consideration (continued) (2) 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”). As of December 31, 2017, the Company has no remaining obligations pursuant to the Siena Pavilion VI Earn-Out agreement. (3) 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”). As of December 31, 2017, the remaining escrow under the Center One Rent Guarantee was released to the seller as the two spaces had been leased to third-party replacement tenants. (4) 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. The Shores of Lake Phalen Earn-Out expired as of December 31, 2016. (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.

Indebtedness (Tables)

Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Details of Indebtedness	The following table provides details of the Company’s indebtedness as of December 31, 2017 and 2016 (in thousands): As of December 31, 2017 2016 Mortgages payable and other notes payable: Fixed rate debt $ 409,607 $ 382,129 Variable rate debt (1) (2) 629,160 561,874 Mortgages and other notes payable ( 3) 1,038,767 944,003 Premium (discount), net (4) 102 (67 ) Loan costs, net (6,716 ) (7,213 ) Total mortgages and other notes payable, net 1,032,153 936,723 Credit facilities: Revolving Credit Facility (1) (2) (5) 182,000 194,863 First Term Loan Facility (1) 175,000 175,000 Second Term Loan Facility (1) (2) 275,000 275,000 Loan costs, net related to Term Loan Facilities (1,934 ) (2,874 ) Total credit facilities, net 630,066 641,989 Total borrowings $ 1,662,219 $ 1,578,712 FOOTNOTES: (1) As of December 31, 2017 and 2016, the Company had entered into interest rate swaps with notional amounts of approximately $506.4 million and $521.5 million, respectively, which were settling on a monthly basis. (2) As of December 31, 2017 and 2016, the Company had entered into interest rate caps with notional amounts of approximately $527.0 million and $410.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information. (3) As of December 31, 2017 and 2016, the Company’s mortgages and other notes payable are collateralized by 76 and 75 properties, respectively, with total carrying value of approximately $1.6 billion and $1.6 billion, respectively. (4) Premium (discount), net is reflective of the Company recording mortgage note payables assumed at fair value on the respective acquisition dates. (5) As of December 31, 2017 and 2016, the Company had undrawn availability under the Revolving Credit Facility of approximately $28.4 million and $11.1 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 indebtedness for the next five years and thereafter, in the aggregate, as of December 31, 2017 (in thousands): 2018 $ 254,305 2019 531,307 2020 425,321 2021 49,558 2022 375,776 Thereafter 34,602 $ 1,670,869
Schedule of Indebtedness	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 2017 The following table provides additional details of the Company’s mortgages and other notes payable as of December 31, 2017 and 2016 (in thousands): Interest Rate at December 31, December 31, Property and Loan Type 2017 (1) Payment Terms Maturity Date (2) 2017 2016 Primrose II Communities; Mortgage Loan 3.81% per annum Monthly principal and interest payments based on a 30-year amortization schedule 6/1/20 $ 21,541 $ 22,017 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 Pacific Northwest Communities; Mortgage Loans (3) 4.30% per annum Monthly principal and interest payments based on a 25-year amortization schedule 1/5/22 208,990 205,197 Capital Health Communities; Mortgage Loans (4) (4) Monthly principal and interest payments based on a 25-year amortization schedule 1/5/22 62,767 36,395 ProMed Medical Building I; Mortgage Loan 3.64% per annum (5) Monthly principal and interest payments based upon a 25-year amortization schedule 1/15/22 6,673 6,865 Primrose I Communities; Mortgage Loan (6) 4.11% per annum Monthly principal and interest payments based on a 30-year amortization schedule 9/1/22 49,899 51,000 Watercrest at Mansfield; Mortgage Loan (7) 4.68% per annum Monthly principal and interest payments based on a total payment of $143,330 6/1/23 25,676 26,165 540 New Waverly Place; Mortgage Loan (8) 4.08% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 5/31/28 6,665 6,868 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 7,571 7,797 Total fixed rate debt 409,607 382,129 Calvert Medical Office Properties; Mortgage Loan (9) 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 25,121 25,546 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 9/5/18 17,572 18,102 Northwest Medical Park; Mortgage Loan 30-day LIBOR plus 2.30% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 10/31/18 6,765 6,886 10. Indebtedness (continued) Interest Rate at December 31, December 31, Property and Loan Type 2017 (1) Payment Terms Maturity Date (2) 2017 2016 MHOSH; Mortgage Loan (10) 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 $ 47,072 $ 47,983 Medical Portfolio II Properties; Mortgage Loan (11) 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 79,295 81,365 HarborChase of Shorewood; Construction Loan 30-day LIBOR plus 3.0% per annum Monthly interest only payments through June 2017; principal and interest payments thereafter based on a 25-year amortization schedule 7/15/19 14,706 14,755 Wellmore of Lexington; Construction Loan 30-day LIBOR plus 2.5% per annum Monthly interest only payments through September 2019 9/13/19 33,423 13,542 Southeast Medical Office Properties; Mortgage Loan (12) 30-day LIBOR plus 2.0% per annum Monthly principal and interest payments based on a 25-year amortization schedule 12/22/19 149,864 155,090 Watercrest at Katy; Construction Loan 30-day LIBOR plus 2.75% per annum Monthly interest only payments through December 2017 12/27/19 26,300 24,047 Wellmore of Tega Cay; Mortgage Loan (13) 30-day LIBOR plus 2.65% per annum Monthly interest only payments for the first 12 months; principal and interest payments thereafter based on a 30-year amortization schedule 3/1/20 28,000 ― Palmilla Senior Living; Mortgage Loan (13) 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 26,799 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 18,302 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 10,900 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 15,628 3,351 10. Indebtedness (continued) Interest Rate at December 31, December 31, Property and Loan Type 2017 (1) Payment Terms Maturity Date (2) 2017 2016 Triangle Orthopaedic; Mortgage Loan (13) 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 $ 37,475 $ 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 15,167 15,379 Knoxville Medical Office Properties and Claremont Medical Office; Mortgage Loan (14) 30-day LIBOR plus 2.45% per annum Monthly principal and interest payments based on a 30-year amortization schedule 5/24/22 57,350 49,969 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 19,421 19,500 Total variable rate debt 629,160 561,874 Total debt $ 1,038,767 $ 944,003 FOOTNOTES: (1) The 30-day and 90-day LIBOR were approximately 1.56% and 1.70%, respectively, as of December 31, 2017 and approximately 0.77% and 1.00%, respectively, as of December 31, 2016. (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) In August 2017, the Company extended the maturity date on the existing loan of approximately $201.9 million from December 2018 to January 2022. In addition, the Company received approximately $9.5 million of additional borrowings through a supplemental loan with the same lender, which is co-terminus with the existing mortgage loans, collateralized by the communities and matures in January 2022. The supplemental loan further accrues interest at a fixed rate equal to 4.3% per annum and includes monthly interest only payments for the first 12 months followed by monthly principal and interest payments for the remaining term of the loan using a 30-year amortization period with the remaining principal balance payable at maturity. The 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. 10. Indebtedness (continued) (4) In August 2017, the Company extended the maturity date on the existing loan of approximately $35.4 million from January 2020 to January 2022. In addition, the Company received approximately $28.0 million of additional borrowings through a supplemental loan with the same lender, which is co-terminus with the existing mortgage loans, collateralized by the communities and matures in January 2022. The existing loan accrues interest at a fixed rate equal to 4.25% per annum. The supplemental loan accrues interest at a fixed rate equal to 4.3% per annum and includes monthly interest only payments for the first 12 months followed by monthly principal and interest payments for the remaining term of the loan using a 30-year amortization period with the remaining principal balance payable at maturity. The 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. (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 $0.2 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 discount 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 $25.1 million; see Note 12. “Derivative Financial Instruments” for additional information. (10) The Company entered into an interest rate swap with a remaining notional amount of $47.1 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 $80.8 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 $129.7 million; see Note 12. “Derivative Financial Instruments” for additional information. (13) The Company entered into an interest rate cap with a remaining notional amount of $117.0 million; see Note 12. “Derivative Financial Instruments” for additional information. (14) In May 2017, the Company refinanced the loans related to the Claremont Medical Office property and the Knoxville Medical Office Properties of approximately $12.4 million and $37.2 million, respectively, into a combined loan. The original loans were scheduled to mature January 2018 and July 2018, respectively. The Company entered into interest rate swaps with remaining notional amounts of $11.8 million and $36.8 million, respectively; see Note 12. “Derivative Financial Instruments” for additional information. 1
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, 2017 and 2016 (in millions): December 31, 2017 December 31, 2016 Fair Value Carrying Value Fair Value Carrying Value Mortgages and other notes payable, net $ 1,034.9 $ 1,032.2 $ 943.4 $ 936.7 Credit facilities $ 632.0 $ 630.1 $ 644.9 $ 642.0

Related Party Arrangements (Tab

Related Party Arrangements (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016 and 2015, and related amounts unpaid as of December 31, 2017 and 2016 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2017 2016 2015 2017 2016 Reimbursable expenses: Offering costs (2) $ — $ — $ 3,446 $ — $ — Operating expenses (3) 5,791 5,966 5,214 1,042 1,072 Acquisition fees and expenses 6 104 613 2 3 5,797 6,070 9,273 1,044 1,075 Investment services fees (4) 126 739 18,561 ― 17 Disposition fee (5) ― 343 ― ― ― Financing coordination fees (6) 3,601 ― ― ― ― Property management fees (7) 4,807 5,059 3,894 381 417 Asset management fees (8) 30,157 29,121 22,837 2,516 1,956 $ 44,488 $ 41,332 $ 54,565 $ 3,941 $ 3,465 11. Related Party Arrangements (continued) FOOTNOTES: (1) Amounts are reco (2) (3) (4) (5) (6) (7) (8)
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, 2017, 2016 and 2015, and related amounts unpaid as of December 31, 2017 and 2016 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2017 2016 2015 2017 2016 Selling commissions (2) $ — $ — $ 12,507 $ — $ — Marketing support fees (2) ― ― 16,242 ― ― $ — $ — $ 28,749 $ — $ —
Expense Support Agreements
Related Party Arrangement, Fees and Expenses Incurred By, Reimbursable, Settled and Paid	The following fees have been or are expected to be settled and paid in the form of Restricted Stock in accordance with the expense support agreements for the years ended December 31, 2017 and 2016, and cumulatively as of December 31, 2017 (in thousands, except per share data): Years Ended As of December 31, December 31, 2017 2016 2015 2017 Asset management fees (1) $ — $ 2,918 $ 4,379 $ 13,565 Then-current offering price or NAV (2) $ 10.32 $ 10.04 $ 10.19 $ 10.32 Restricted stock shares (3) ― 291 423 1,332 Cash distributions on Restricted Stock (4) $ 571 $ 427 $ 281 $ 1,381 Stock distributions on Restricted Stock (5) ― ― 14 21 _____________ FOOTNOTES: (1) (2) (3) In addition, the restricted stock shares were treated as unissued for financial reporting purposes because the vesting criteria had not been met as of . (4) (5)

Derivative Financial Instrume42

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2017
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 investment’s, derivative financial instruments and the corresponding asset (liability) as of December 31, 2017 and 2016 (in thousands): Fair value asset (liability) as of Notional Amount Strike (1) Credit Spread (1) Trade date Forward date Maturity date December 31, 2017 December 31, 2016 $ 11,842 (2) 1.3 % 2.6 % 1/17/2013 1/15/2015 1/16/2018 $ 1 $ (44 ) $ 36,839 (2) 2.7 % 2.5 % 9/6/2013 8/17/2015 7/10/2018 $ (213 ) $ (878 ) $ 25,103 (2) 2.8 % 2.5 % 9/6/2013 8/17/2015 8/29/2018 $ (182 ) $ (667 ) $ 47,072 (2) 2.4 % 2.9 % 8/15/2014 6/1/2016 6/2/2019 $ (280 ) $ (949 ) $ 80,841 (2) 2.3 % 2.4 % 9/12/2014 8/1/2015 7/15/2019 $ (424 ) $ (1,512 ) $ 175,000 (2) 1.6 % 2.0 % 12/23/2014 12/19/2014 2/19/2019 $ 464 $ (992 ) $ 129,722 (2) 1.7 % 2.0 % 1/9/2015 12/10/2015 12/22/2019 $ 516 $ (976 ) $ 260,000 (3) 1.5 % ― % 11/19/2015 11/19/2015 11/30/2018 $ 681 $ 600 $ 150,000 (3) 1.5 % ― % 3/1/2016 3/1/2016 11/30/2018 $ 393 $ 346 $ 117,000 (3) 2.3 % ― % 8/29/2017 8/29/2017 9/1/2019 $ 95 $ — FOOTNOTES: (1) (2) (3)
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 investment’s, derivative financial instruments as of December 31, 2017 (in thousands): Gross and net amounts of asset (liability) as of December 31, 2017 Gross amounts as of December 31, 2017 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 11,842 (2) $ 1 $ — $ 1 $ 1 $ — $ 1 $ 36,839 (2) $ (213 ) $ — $ (213 ) $ (213 ) $ — $ (213 ) $ 25,103 (2) $ (182 ) $ — $ (182 ) $ (182 ) $ — $ (182 ) $ 47,072 (2) $ (280 ) $ — $ (280 ) $ (280 ) $ — $ (280 ) $ 80,841 (2) $ (424 ) $ — $ (424 ) $ (424 ) $ — $ (424 ) $ 175,000 (2) $ 464 $ — $ 464 $ 464 $ — $ 464 $ 129,722 (2) $ 516 $ — $ 516 $ 516 $ — $ 516 $ 260,000 (3) $ 681 $ — $ 681 $ 681 $ — $ 681 $ 150,000 (3) $ 393 $ — $ 393 $ 393 $ — $ 393 $ 117,000 (3) $ 95 $ — $ 95 $ 95 $ — $ 95 The following summarizes the gross and net presentation of amounts related to the Company’s, or its equity method investment’s, 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 ) $ 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 FOOTNOTES: (1) (2) (3)

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Tax Components of Dividends Declared	The tax composition of the Company’s distributions declared for the years ended December 31, 2017, 2016 and 2015 were as follows: Years Ended December 31, 2017 2016 2015 Ordinary income 0.0 % 21.5 % 37.8 % Capital gain 0.0 % 14.4 % 0.0 % Unrecaptured Sec. 1250 gain 0.0 % 1.2 % 0.0 % Return of capital 100.0 % 62.9 % 62.2 %
Distribution of Promoted Interest to Share Holder	Promoted Interest — For the years ended December 31, 2017, 2016 and 2015, the Company recorded, as a reduction to capital in excess of par value, the following distributions to holders of promoted interest (in thousands): Years Ended December 31, 2017 2016 2015 Dogwood Forest of Acworth $ — $ (3,850 ) $ — Wellmore of Tega Cay ― (2,800 ) ― HarborChase of Villages Crossing (955 ) ― ― $ (955 ) $ (6,650 ) $ —
Effect of Derivative Financial Instruments	Other comprehensive income (loss) — The following table reflects the effect of derivative financial instruments held by the Company, or its equity method investment, and included in the consolidated statements of comprehensive loss for the years ended December 31, 2017, 2016 and 2015 (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, 2017 2016 2015 2017 2016 2015 Interest rate swaps $ 5,573 $ 3,487 $ (4,881 ) Interest expense and loan cost amortization $ (3,902 ) $ (7,150 ) $ (4,110 ) Interest rate caps 1,013 (1,584 ) (262 ) Interest expense and loan cost amortization (849 ) (45 ) ― Reclassification of interest rate swaps upon derecognition 318 ― 236 Interest expense and loan cost amortization (318 ) ― (236 ) Reclassification of interest rate swaps due to ineffectiveness (26 ) (18 ) 33 Interest expense and loan cost amortization 26 18 (33 ) Interest rate cap held by unconsolidated joint venture ― (1 ) (9 ) Not applicable ― ― ― Total $ 6,878 $ 1,884 $ (4,883 ) $ (5,043 ) $ (7,177 ) $ (4,379 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Components of Income Tax Expense	The components of the income tax benefit (expense) for the years ended December 31, 2017, 2016 and 2015 were as follows (in thousands): Years Ended December 31, 2017 2016 2015 Current: Federal $ (245 ) $ — $ — State (523 ) (351 ) (378 ) Total current expense (768 ) (351 ) (378 ) Deferred: Federal 8,826 ― ― State 305 ― ― Total deferred benefit 9,131 ― ― Income tax benefit $ 8,363 $ (351 ) $ (378 )
Significant Components of Deferred Tax Assets	Significant components of the Company’s deferred tax assets as of December 31, 2017 and 2016 are as follows: 2017 2016 Carryforwards of net operating loss $ 9,381 $ 9,110 Minimum tax credit carryforward (1) 189 ― Prepaid rent 648 442 Valuation allowance (2) (1,087 ) (9,552 ) Deferred tax assets, net $ 9,131 $ — FOOTNOTES: (1) (2)
Reconciliation of Income Tax Benefit (Expense)	A reconciliation of the income tax benefit (expense) computed at the statutory federal tax rate on income before income taxes is as follows (in thousands): Years Ended December 31, 2017 2016 2015 Tax benefit computed at federal statutory rate $ 12,136 35.00 % $ 11,002 35.00 % $ 23,701 35.00 % Impact of REIT election (13,459 ) (38.82 )% (11,002 ) (35.00 )% (23,701 ) (35.00 )% State income tax expense net of federal benefit (406 ) (1.17 )% (351 ) (1.12 )% (378 ) (0.56 )% Effect of change in future tax rates 1,861 5.37 % ― ― ― ― Effect of change in valuation allowance 8,231 23.74 % ― ― ― ― Income tax benefit (expense) $ 8,363 24.12 % $ (351 ) (1.12 )% $ (378 ) (0.56 )%

Concentration of Credit Risk (T

Concentration of Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2017
Risks And Uncertainties [Abstract]
Geographical Concentrations that Individually Accounted for 10% or More of Total Revenues	For the years ended December 31, 2017, 2016 and 2015 the Company had the following geographical concentration that individually accounted for 10% or more of total revenues: Type of Years Ended December 31, Concentration 2017 2016 2015 State of Texas (1) Geographical 18.6 % 18.4 % 16.5 % _______________ FOOTNOTE: (1)

Selected Quarterly Financial 46

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data	The following table presents selected unaudited quarterly financial data for the years ended December 31, 2017 and 2016 (in thousands, except per share data): 2017 Quarters First Second Third Fourth Full Year Total revenues $ 95,698 $ 97,780 $ 101,687 $ 103,251 $ 398,416 Operating income 7,463 8,491 6,270 8,831 31,055 Net income (loss) attributable to common stockholders (7,324 ) (7,901 ) (11,170 ) 433 (25,962 ) Weighted average number of shares outstanding (basic and diluted) 175,277 175,221 175,190 174,918 175,151 Net income (loss) per share of common stock (basic and diluted) $ (0.04 ) $ (0.05 ) $ (0.06 ) $ 0.00 $ (0.15 ) 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 Net income (loss) per share of common stock (basic and diluted) $ (0.08 ) $ (0.07 ) $ (0.07 ) $ 0.04 $ (0.18 )

Assets Held For Sale, net (Tabl

Assets Held For Sale, net (Tables)	12 Months Ended
	Dec. 31, 2017
Property Plant And Equipment [Abstract]
Schedule of Assets Held for Sale, Net	As of December 31, 2017 and 2016, assets held for sale consisted of the following (in thousands): As of December 31, 2017 2016 Real estate assets, net $ 47,004 $ 47,178 Intangibles, net 800 893 Deferred rent and lease incentives 4,970 5,280 Real estate held for sale, net $ 52,774 $ 53,351

Organization - Additional Infor

Organization - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2017	Oct. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Entity incorporation, date of incorporation	Jun. 8, 2010
Sale of additional share of common stock		20,000,000

Summary of Significant Accoun49

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)OperatingSegment	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Summary Of Significant Accounting Policies [Line Items]
Interest expense and loan cost amortization	$ 68.3	$ 61.1	$ 45.3
Capitalized amount of interest	2.1	2.8	$ 2.3
Accumulated amortization of loan costs	$ 14.7	$ 10.3
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 Accoun50

Summary of Significant Accounting Policies - Acquisition Fees and Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Capitalized as a component of the related assets	$ 200	$ 200	$ 4,200
Acquisition fees and expenses		974	21,526
Total acquisition costs incurred	$ 200	$ 1,200	$ 25,700

Summary of Significant Accoun51

Summary of Significant Accounting Policies - Schedule of Adjusted Consolidated Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating activities:
Loss on extinguishment of debt	$ 239	$ 1,495	$ 986
Net cash provided by operating activities	75,246	74,531	43,517
Investing activities:
Net cash provided by (used in) investing activities	(64,545)	(99,443)	(951,227)
Financing activities:
Payment on extinguishment of debt		(1,127)
Net cash provided by (used in) financing activities	(7,248)	16,941	884,811
Cash and restricted cash at end of period	$ 74,691	71,238	79,209	$ 102,108
Previously Reported
Operating activities:
Loss on extinguishment of debt		368
Net cash provided by operating activities		73,404	43,517
Investing activities:
Changes in restricted cash		(2,434)	466
Net cash provided by (used in) investing activities		(101,877)	(950,761)
Financing activities:
Net cash provided by (used in) financing activities		18,068	884,811
Cash and restricted cash at end of period		58,517	68,922
Adjustments
Operating activities:
Loss on extinguishment of debt		1,127
Net cash provided by operating activities		1,127
Investing activities:
Changes in restricted cash		2,434	(466)
Net cash provided by (used in) investing activities		2,434	(466)
Financing activities:
Payment on extinguishment of debt		(1,127)
Net cash provided by (used in) financing activities		(1,127)
Cash and restricted cash at end of period		$ 12,721	$ 10,287

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Millions	1 Months Ended	12 Months Ended
	Aug. 31, 2017USD ($)a	Dec. 31, 2016USD ($)Property	Dec. 31, 2017Property
Business Acquisition [Line Items]
Number of real estate properties acquired | Property		0	0
Revenues attributable to properties		$ 0.6
Net loss attributable to properties		$ 0.4
Adjacent to Pamilla Senior Living in Albuquerque, New Mexico
Business Acquisition [Line Items]
Area of land acquired | a	5
Purchase price of land	$ 1
Acquisition costs	$ 0.1
Date Acquired	Aug. 31, 2017

Acquisitions of Properties (Det

Acquisitions of Properties (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Purchase Price	$ 28,588
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

Schedule of Purchase Price Allo

Schedule of Purchase Price Allocation (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016		Dec. 31, 2017
Business Combinations [Abstract]
Land and land improvements	$ 3,283,000
Buildings and building improvements	20,142,000
Intangibles	5,163,000	[1]	$ 0
Total purchase price consideration	$ 28,588,000
[1]	There were no acquisitions of lease intangibles made by the Company during the year ended December 31, 2017. At the acquisition date, the weighted-average amortization period on the acquired lease intangibles for the year ended December 31, 2016 was approximately 20.0 years. 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.

Schedule of Purchase Price Al55

Schedule of Purchase Price Allocation (Parenthetical) (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016		Dec. 31, 2017
Business Acquisition [Line Items]
Acquired lease intangibles	$ 5,163,000	[1]	$ 0
Weighted-average amortization period on the acquired lease intangibles	20 years
In-place lease intangibles
Business Acquisition [Line Items]
Acquired lease intangibles	$ 5,100,000
Other lease intangibles
Business Acquisition [Line Items]
Acquired lease intangibles	$ 100,000
[1]	There were no acquisitions of lease intangibles made by the Company during the year ended December 31, 2017. At the acquisition date, the weighted-average amortization period on the acquired lease intangibles for the year ended December 31, 2016 was approximately 20.0 years. 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.

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, 2017	Dec. 31, 2016	Dec. 31, 2015
Business Combinations [Abstract]
Total revenues		$ 398,416	$ 379,145	$ 348,684
Net loss	[1]	$ (26,312)	$ (31,708)	$ (70,864)
Loss per share of common stock (basic and diluted)		$ (0.15)	$ (0.18)	$ (0.42)
Weighted average number of shares of common stock outstanding (basic and diluted)		175,151	175,121	170,735
[1]	Net loss for the year ended December 31, 2016 was adjusted to exclude approximately $0.7 million of acquisition related expenses directly attributable to the properties acquired during the year ended December 31, 2016. The unaudited pro forma results for the years ended December 31, 2016 and 2015 were adjusted to include these charges as if the properties were acquired on January 1, 2016 and 2015, respectively.

Schedule of Unaudited Proform57

Schedule of Unaudited Proforma Results of Operations (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquisition fees and expenses	$ 974	$ 21,526
Proforma results adjusted to exclude
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Acquisition fees and expenses	$ 700

Schedule of Real Estate Investm

Schedule of Real Estate Investment Properties (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Real Estate [Abstract]
Land and land improvements	$ 251,879	$ 235,543
Building and building improvements	2,417,972	2,306,071
Furniture, fixtures and equipment	82,759	64,939
Less: accumulated depreciation	(264,525)	(186,738)
Real estate investment properties, net	2,488,085	2,419,815
Real estate under development, including land		97,164
Total real estate assets, net	$ 2,488,085	$ 2,516,979

Real Estate Assets, Net - Addit

Real Estate Assets, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Real Estate Investment Properties
Real Estate Properties [Line Items]
Depreciation expense	$ 78.8	$ 80	$ 63.6

Real Estate Development Propert

Real Estate Development Properties and Expansion Projects Completed (Detail)	12 Months Ended
	Dec. 31, 2017
Welbrook Transitional Care Grand Junction (Grand Junction, CO)
Real Estate Properties [Line Items]
Completion Date	2017-03
Waterstone on Augusta (Greenville, SC)
Real Estate Properties [Line Items]
Completion Date	2017-03
Wellmore of Lexington (Lexington, SC)
Real Estate Properties [Line Items]
Completion Date	2017-06
Dogwood Forest of Grayson (Grayson, GA)
Real Estate Properties [Line Items]
Completion Date	2017-06
Brookridge Heights Assisted Living & Memory Care (Marquette, MI)
Real Estate Properties [Line Items]
Completion Date	2017-06
Tranquillity at Fredericktowne (Frederick, MD)
Real Estate Properties [Line Items]
Completion Date	2017-12

Schedule of Net Book Value of I

Schedule of Net Book Value of Intangibles (Detail) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets And Liabilities [Line Items]
Less: accumulated amortization, assets		$ (150,786)	$ (119,689)
Intangible assets, net		99,512	130,609
Less: accumulated amortization, liabilities		5,718	4,247
In-place lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Gross carrying amount, assets		223,854	223,854
Above-market lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Gross carrying amount, assets		13,974	13,974
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)	(12,060)
Other liabilities
Finite-Lived Intangible Assets And Liabilities [Line Items]
Intangible liabilities, net	[1]	$ (9,830)	$ (11,301)
[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, 2017USD ($)	Dec. 31, 2016USD ($)Office	Dec. 31, 2015USD ($)
Finite-Lived Intangible Assets And Liabilities [Line Items]
Amortization expense on intangible assets	$ 31,200	$ 45,300	$ 44,600
Amortization expense on intangible liabilities	1,500	$ 1,700	1,600
Number of medical office of anchor tenant bankruptcy | Office		2
Loss on lease terminations		$ (800)	(800)
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	1,700	2,000	2,000
Amortization expense on intangible liabilities	1,400	1,600	1,500
Property Operating Expenses
Finite-Lived Intangible Assets And Liabilities [Line Items]
Amortization expense on intangible assets	300	300	300
Amortization expense on intangible liabilities	100	100	80
Depreciation And Amortization
Finite-Lived Intangible Assets And Liabilities [Line Items]
Amortization expense on intangible assets	$ 29,100	$ 43,000	$ 42,300

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, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets And Liabilities [Line Items]
Intangible assets, net	$ 99,512	$ 130,609
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,018	19,498
2,019	13,943
2,020	11,726
2,021	10,471
2,022	9,742
Thereafter	34,132
Intangible assets, net	99,512
Intangible Liabilities
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,018	1,343
2,019	1,182
2,020	955
2,021	839
2,022	745
Thereafter	4,766
Intangible assets, net	$ 9,830
In-place lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Weighted average useful life, assets	3 years 9 months 18 days
In-place lease intangibles | Finite-Lived Intangible Assets
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,018	$ 17,609
2,019	12,354
2,020	10,347
2,021	9,175
2,022	8,485
Thereafter	23,102
Intangible assets, net	$ 81,072
Above-market lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Weighted average useful life, assets	4 years 9 months 18 days
Weighted average useful life, liabilities	36 years
Above-market lease intangibles | Finite-Lived Intangible Assets
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,018	$ 1,569
2,019	1,269
2,020	1,059
2,021	976
2,022	937
Thereafter	1,268
Intangible assets, net	7,078
Above-market lease intangibles | Intangible Liabilities
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,018	89
2,019	89
2,020	89
2,021	89
2,022	89
Thereafter	2,773
Intangible assets, net	$ 3,218
Below-market ground lease intangibles
Finite-Lived Intangible Assets And Liabilities [Line Items]
Weighted average useful life, assets	35 years 6 months
Weighted average useful life, liabilities	5 years 10 months 25 days
Below-market ground lease intangibles | Finite-Lived Intangible Assets
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,018	$ 320
2,019	320
2,020	320
2,021	320
2,022	320
Thereafter	9,762
Intangible assets, net	11,362
Below-market ground lease intangibles | Intangible Liabilities
Finite-Lived Intangible Assets And Liabilities [Line Items]
2,018	1,254
2,019	1,093
2,020	866
2,021	750
2,022	656
Thereafter	1,993
Intangible assets, net	$ 6,612

Operating Leases - Additional I

Operating Leases - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)Property	Dec. 31, 2016Property
Operating Leased Assets [Line Items]
Number of properties owned	0	0
Triple Net Lease Agreements
Operating Leased Assets [Line Items]
Number of properties owned	86
Weighted average remaining lease term	6 years 9 months 18 days
Total annualized property tax | $	$ 4.5
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
Minimum | Triple Net Lease Agreements
Operating Leased Assets [Line Items]
Lease, expiration year	2,018
Extended lease period	2 years
Maximum | Triple Net Lease Agreements
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, 2017USD ($)
Leases [Abstract]
2,018	$ 119,726
2,019	114,575
2,020	108,654
2,021	102,890
2,022	89,796
Thereafter	396,319
Total	$ 931,960

Ground and Air Rights Leases -

Ground and Air Rights Leases - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Ground and Air Rights Leases
Operating Leased Assets [Line Items]
Operating lease rental expense	$ 2	$ 1.9	$ 1.7

Schedule of Future Minimum Le67

Schedule of Future Minimum Lease Payments Under Ground and Air Rights Leases (Detail) - Ground and Air Rights Leases $ in Thousands	Dec. 31, 2017USD ($)
Operating Leased Assets [Line Items]
2,018	$ 2,016
2,019	2,038
2,020	2,061
2,021	2,092
2,022	2,122
Thereafter	109,345
Total	$ 119,674

Aggregate Carrying Amount and M

Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities (Detail) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Real estate investment properties, net		$ 2,488,085	$ 2,419,815
Real estate under development, including land			97,164
Intangibles, net		99,512	130,609
Cash		64,522	58,517
Deferred rent and lease incentives		42,792	31,045
Other assets		35,687	24,470
Restricted cash		10,169	12,721
Mortgages and other notes payable, net		1,032,153	936,723
Other liabilities		28,019	38,946
Due to related parties	[1]	3,941	3,465
VIEs
Variable Interest Entity [Line Items]
Real estate investment properties, net		213,938	112,929
Real estate under development, including land		0	80,473
Intangibles, net		1,895	2,891
Cash		2,203	916
Deferred rent and lease incentives		6,332	3,061
Other assets		1,025	1,130
Restricted cash		1,242	20
Mortgages and other notes payable, net		153,409	104,890
Accounts payable and accrued liabilities		3,560	1,461
Accrued development costs		909	15,369
Other liabilities		1,322	976
Due to related parties		$ 0	$ 107
[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, 2017USD ($)
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Maximum exposure to loss VIEs limits	$ 65.7
Variable interest entity, description	As of December 31, 2017 and 2016, the Company had 10 subsidiaries which are classified as VIEs due to the following factors and circumstances as of December 31, 2017: 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 completed real estate under development in which there is insufficient equity at risk due to the development nature of each entity. Two of these subsidiaries are joint ventures with 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.

Fair Value of Contingent Purcha

Fair Value of Contingent Purchase Price Consideration (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016		Dec. 31, 2015
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance		$ (3,566,000)	$ (6,481,000)
Beginning balance					$ 3,810,000
Contingent Consideration Payment (Receipt)					(4,399,000)
Contingent Consideration Payment (Receipt)		3,613,000	2,625,000
Change in Fair Value		(47,000)	290,000		589,000
Contingent Consideration in Connection with Acquisition					(6,481,000)
Ending balance			(3,566,000)		(6,481,000)
Superior Residences of Panama City
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[1]	(4,000,000)	(3,000,000)
Contingent Consideration Payment (Receipt)	[1]	4,000,000
Change in Fair Value	[1]		(1,000,000)
Contingent Consideration in Connection with Acquisition	[1]				(3,000,000)
Ending balance	[1]		(4,000,000)		(3,000,000)
Siena Pavilion VI
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[2]	(645,000)	(3,750,000)
Contingent Consideration Payment (Receipt)	[2]	645,000	2,992,000
Change in Fair Value	[2]		113,000
Contingent Consideration in Connection with Acquisition	[2]				(3,750,000)
Ending balance		0	(645,000)	[2]	(3,750,000)	[2]
Center One
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[3]	1,079,000	1,019,000
Contingent Consideration Payment (Receipt)	[3]	(1,032,000)	(367,000)
Change in Fair Value	[3]	$ (47,000)	427,000
Contingent Consideration in Connection with Acquisition	[3]				1,019,000
Ending balance	[3]		1,079,000		1,019,000
The Shores of Lake Phalen
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[4]		(750,000)
Change in Fair Value	[4]		$ 750,000
Contingent Consideration in Connection with Acquisition	[4]				(750,000)
Ending balance	[4]				(750,000)
Capital Health
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[5]				4,078,000
Contingent Consideration Payment (Receipt)	[5]				(4,399,000)
Change in Fair Value	[5]				321,000
Medical Portfolio I
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	[6]				(268,000)
Change in Fair Value	[6]				$ 268,000
[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. As of December 31, 2017, the Company has no remaining obligations pursuant to the Panama City Earn-Out agreement.
[2]	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”). As of December 31, 2017, the Company has no remaining obligations pursuant to the Siena Pavilion VI Earn-Out agreement.
[3]	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”). As of December 31, 2017, the remaining escrow under the Center One Rent Guarantee was released to the seller as the two spaces had been leased to third-party replacement tenants.
[4]	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. The Shores of Lake Phalen Earn-Out expired as of December 31, 2016.
[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.

Fair Value of Contingent Purc71

Fair Value of Contingent Purchase Price Consideration (Parenthetical) (Detail)

3 Months Ended

12 Months Ended

Dec. 31, 2017USD ($)

Sep. 30, 2017USD ($)

Jun. 30, 2017USD ($)

Mar. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Sep. 30, 2016USD ($)

Jun. 30, 2016USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2017USD ($)

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

$ 3,566,000

$ 3,566,000

$ 6,481,000

Contingent purchase price consideration

4,644,000

7,500,000

Operating income (loss)

$ 8,831,000

$ 6,270,000

$ 8,491,000

$ 7,463,000

5,764,000

$ 3,660,000

$ 2,714,000

$ (991,000)

$ 31,055,000

11,147,000

(24,308,000)

Superior Residences of Panama City

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

Additional purchase price consideration

$ 4,000,000

Additional purchase price consideration period

36 months

Contingent purchase price consideration

[1]

4,000,000

4,000,000

3,000,000

Siena Pavilion VI

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

Additional purchase price consideration

$ 3,300,000

Additional purchase price consideration period

6 months

Additional tenant improvements consideration

$ 500,000

Contingent purchase price consideration

$ 0

$ 645,000

[2]

0

$ 645,000

[2]

3,750,000

[2]

Center One

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

Contingent purchase price consideration

$ 2,800,000

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”).

The Shores of Lake Phalen

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

Additional purchase price consideration

$ 800,000

Additional purchase price consideration period

12 months

Contingent purchase price consideration

[3]

750,000

Capital Health

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

Contingent purchase price consideration

$ 7,000,000

Capital Health | Yield Guarantee

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

Operating income (loss)

7,100,000

$ 7,000,000

$ 6,900,000

Received purchase consideration

$ 7,000,000

Medical Portfolio I

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

Contingent purchase price consideration

[4]

$ 268,000

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

[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. As of December 31, 2017, the Company has no remaining obligations pursuant to the Panama City Earn-Out agreement.

[2]

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”). As of December 31, 2017, the Company has no remaining obligations pursuant to the Siena Pavilion VI Earn-Out agreement.

[3]

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. The Shores of Lake Phalen Earn-Out expired as of December 31, 2016.

[4]

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.

Details of Indebtedness (Detail

Details of Indebtedness (Detail) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Premium (discount), net	[1]	$ 102	$ (67)
Loan costs, net		(6,716)	(7,213)
Total mortgages and other notes payable, net		1,032,153	936,723
Credit facilities		630,066	641,989
Total borrowings		1,662,219	1,578,712
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facilities	[2],[3],[4]	182,000	194,863
First Term Loan Facility
Debt Instrument [Line Items]
Credit facilities	[3]	175,000	175,000
Second Term Loan Facility
Debt Instrument [Line Items]
Credit facilities	[2],[3]	275,000	275,000
Term Loan Facility
Debt Instrument [Line Items]
Loan costs, net		(1,934)	(2,874)
Mortgages payable and other notes payable
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[5]	1,038,767	944,003
Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		409,607	382,129
Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[2],[3]	$ 629,160	$ 561,874
[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, 2017 and 2016, the Company had entered into interest rate caps with notional amounts of approximately $527.0 million and $410.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[3]	As of December 31, 2017 and 2016, the Company had entered into interest rate swaps with notional amounts of approximately $506.4 million and $521.5 million, respectively, which were settling on a monthly basis.
[4]	As of December 31, 2017 and 2016, the Company had undrawn availability under the Revolving Credit Facility of approximately $28.4 million and $11.1 million, respectively, based on the value of the properties in the unencumbered pool of assets supporting the loan.
[5]	As of December 31, 2017 and 2016, the Company’s mortgages and other notes payable are collateralized by 76 and 75 properties, respectively, with total carrying value of approximately $1.6 billion and $1.6 billion, respectively.

Details of Indebtedness (Parent

Details of Indebtedness (Parenthetical) (Detail) $ in Millions	Dec. 31, 2017USD ($)Property	Dec. 31, 2016USD ($)Property
Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Current borrowing capacity	$ 28.4	$ 11.1
Secured Mortgages and Other Notes Payable
Debt Instrument [Line Items]
Number of collateralized properties owned | Property	76	75
Mortgages and other notes payable carrying value of collateral	$ 1,600	$ 1,600
Interest Rate Swap
Debt Instrument [Line Items]
Notional amounts of derivative contract	506.4	521.5
Interest Rate Cap
Debt Instrument [Line Items]
Notional amounts of derivative contract	$ 527	$ 410

Schedule of Maturities of Indeb

Schedule of Maturities of Indebtedness (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Debt Disclosure [Abstract]
2,018	$ 254,305
2,019	531,307
2,020	425,321
2,021	49,558
2,022	375,776
Thereafter	34,602
Total borrowings	$ 1,670,869

Schedule of Indebtedness (Detai

Schedule of Indebtedness (Detail) - USD ($) $ in Thousands		Oct. 31, 2015	Aug. 31, 2017	Jun. 30, 2017	Dec. 31, 2017		Dec. 31, 2016
Debt Instrument [Line Items]
Carrying Value					$ 1,670,869
Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					409,607		$ 382,129
Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[1],[2]				629,160		561,874
Mortgage Loans
Debt Instrument [Line Items]
Carrying Value					1,038,767		944,003
Mortgage Loans | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					409,607		382,129
Mortgage Loans | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					$ 629,160		561,874
Mortgage Loans | Primrose II Communities
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3]				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 | Novi Orthopaedic Center
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3]				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
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 | Pacific Northwest Communities
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3],[5]				4.30%
Payment Terms	[5]				Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period	[5]				25 years
Maturity Date	[4],[5]				Jan. 5, 2022
Mortgage Loans | Pacific Northwest Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[5]				$ 208,990		205,197
Mortgage Loans | Capital Health
Debt Instrument [Line Items]
Payment Terms	[6]				Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period	[6]				25 years
Maturity Date			Jan. 31, 2022	Jan. 31, 2020	Jan. 5, 2022	[4],[6]
Mortgages payable and other notes payable					$ 35,400
Mortgage Loans | Capital Health | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[6]				$ 62,767		36,395
Mortgage Loans | ProMed Building I
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3]				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					$ 6,673		6,865
Mortgage Loans | Primrose I Communities
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3],[7]				4.11%
Payment Terms	[7]				Monthly principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period	[7]				30 years
Maturity Date	[4],[7]				Sep. 1, 2022
Mortgage Loans | Primrose I Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[7]				$ 49,899		51,000
Mortgage Loans | Watercrest at Mansfield
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3],[8]				4.68%
Payment Terms	[8]				Monthly principal and interest payments based on a total payment of $143,330
Maturity Date	[4],[8]				Jun. 1, 2023
Mortgage Loans | Watercrest at Mansfield | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[8]				$ 25,676		26,165
Mortgage Loans | 540 New Waverly Place
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3],[9]				4.08%
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]				May 31, 2028
Mortgage Loans | 540 New Waverly Place | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[9]				$ 6,665		6,868
Mortgage Loans | LaPorte Cancer Center Westville, Indiana
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3]				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					$ 7,571		7,797
Mortgage Loans | Calvert Medical Office Properties | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[10]				25,121		25,546
Mortgage Loans | Lee Hughes Medical Building | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					17,572		18,102
Mortgage Loans | Northwest Medical Park | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					6,765		6,886
Mortgage Loans | Pacific Northwest II Communities
Debt Instrument [Line Items]
Maturity Date		Dec. 31, 2018	Jan. 31, 2022
Mortgages payable and other notes payable					201,900
Mortgage Loans | Pacific Northwest II Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					21,541		22,017
Mortgage Loans | MHOSH MOB | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[11]				47,072		47,983
Mortgage Loans | Medical Portfolio II | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[12]				79,295		81,365
Mortgage Loans | Southeast Medical Office Properties | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[13]				149,864		155,090
Mortgage Loans | Wellmore of Tega Cay | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[14]				28,000
Mortgage Loans | Palmilla Senior Living | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[14]				26,799		27,000
Mortgage Loans | Triangle Orthopaedic | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[14]				37,475		37,800
Mortgage Loans | Cobalt Rehabilitation Hospital Surprise | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					15,167		15,379
Mortgage Loans | Knoxville Medical Office Properties and Claremont Medical Office | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[15]				57,350		49,969
Mortgage Loans | Cobalt Rehabilitation Hospital New Orleans | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					19,421		19,500
Construction Loan | HarborChase Of Shorewood (Shorewood, Wisconsin) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					14,706		14,755
Construction Loan | Wellmore of Lexington (Lexington, SC) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					33,423		13,542
Construction Loan | Watercrest at Katy | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					26,300		24,047
Construction Loan | Waterstone on Augusta (Greenville, SC) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					18,302		12,698
Construction Loan | Fieldstone at Pear Orchard (Yakima, Washington) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					10,900		8,861
Construction Loan | Dogwood Forest of Grayson (Grayson, GA) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable					$ 15,628		$ 3,351
30-day LIBOR | Mortgage Loans | Calvert Medical Office Properties
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3],[10]				2.50%
Payment Terms	[10]				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	[10]				30 years
Maturity Date	[4],[10]				Aug. 29, 2018
30-day LIBOR | Mortgage Loans | Lee Hughes Medical Building
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				2.50%
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, 2018
30-day LIBOR | Mortgage Loans | Northwest Medical Park
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				2.30%
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]				Oct. 31, 2018
30-day LIBOR | Mortgage Loans | Southeast Medical Office Properties
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3],[13]				2.00%
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]				Dec. 22, 2019
30-day LIBOR | Mortgage Loans | Wellmore of Tega Cay
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3],[14]				2.65%
Payment Terms	[14]				Monthly interest only payments for the first 12 months; principal and interest payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period	[14]				30 years
Maturity Date	[4],[14]				Mar. 1, 2020
30-day LIBOR | Mortgage Loans | Palmilla Senior Living
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3],[14]				2.00%
Payment Terms	[14]				Interest only payments through April 2017; principal payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period	[14]				30 years
Maturity Date	[4],[14]				Mar. 22, 2020
30-day LIBOR | Mortgage Loans | Triangle Orthopaedic
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3],[14]				2.25%
Payment Terms	[14]				Interest only payments through March 2017; principal payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period	[14]				30 years
Maturity Date	[4],[14]				Apr. 11, 2021
30-day LIBOR | Mortgage Loans | Cobalt Rehabilitation Hospital Surprise
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				2.60%
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
Maturity Date	[4]				May 19, 2022
Payment Terms	[3]				0.40%
30-day LIBOR | Mortgage Loans | Knoxville Medical Office Properties and Claremont Medical Office
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3],[15]				2.45%
Payment Terms	[15]				Monthly principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period	[15]				30 years
Maturity Date	[4],[15]				May 24, 2022
30-day LIBOR | Mortgage Loans | Cobalt Rehabilitation Hospital New Orleans
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				2.45%
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
Maturity Date	[4]				Oct. 19, 2022
Payment Terms	[3]				0.55%
30-day LIBOR | Construction Loan | HarborChase Of Shorewood (Shorewood, Wisconsin)
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				3.00%
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
Maturity Date	[4]				Jul. 15, 2019
30-day LIBOR | Construction Loan | Wellmore of Lexington (Lexington, SC)
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				2.50%
Payment Terms					Monthly interest only payments through September 2019
Maturity Date	[4]				Sep. 13, 2019
30-day LIBOR | Construction Loan | Watercrest at Katy
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				2.75%
Payment Terms					Monthly interest only payments through December 2017
Maturity Date	[4]				Dec. 27, 2019
30-day LIBOR | Construction Loan | Waterstone on Augusta (Greenville, SC)
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				3.00%
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
Maturity Date	[4]				Sep. 1, 2020
30-day LIBOR | Construction Loan | Fieldstone at Pear Orchard (Yakima, Washington)
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				2.90%
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
Maturity Date	[4]				Oct. 15, 2020
30-day LIBOR | Construction Loan | Dogwood Forest of Grayson (Grayson, GA)
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]				3.00%
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
Maturity Date	[4]				Dec. 1, 2020
Ninety Days London Interbank Offered Rate | Mortgage Loans | MHOSH MOB
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3],[11]				2.85%
Payment Terms	[11]				Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period	[11]				25 years
Maturity Date	[4],[11]				Jun. 2, 2019
Payment Terms	[3],[11]				0.40%
Ninety Days London Interbank Offered Rate | Mortgage Loans | Medical Portfolio II
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3],[12]				2.35%
Payment Terms	[12]				Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period	[12]				25 years
Maturity Date	[4],[12]				Jul. 14, 2019
Payment Terms	[3],[12]				0.25%
[1]	As of December 31, 2017 and 2016, the Company had entered into interest rate caps with notional amounts of approximately $527.0 million and $410.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[2]	As of December 31, 2017 and 2016, the Company had entered into interest rate swaps with notional amounts of approximately $506.4 million and $521.5 million, respectively, which were settling on a monthly basis.
[3]	The 30-day and 90-day LIBOR were approximately 1.56% and 1.70%, respectively, as of December 31, 2017 and approximately 0.77% and 1.00%, respectively, as of December 31, 2016.
[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]	In August 2017, the Company extended the maturity date on the existing loan of approximately $201.9 million from December 2018 to January 2022.  In addition, the Company received approximately $9.5 million of additional borrowings through a supplemental loan with the same lender, which is co-terminus with the existing mortgage loans, collateralized by the communities and matures in January 2022. The supplemental loan further accrues interest at a fixed rate equal to 4.3% per annum and includes monthly interest only payments for the first 12 months followed by monthly principal and interest payments for the remaining term of the loan using a 30-year amortization period with the remaining principal balance payable at maturity.  The 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.
[6]	In August 2017, the Company extended the maturity date on the existing loan of approximately $35.4 million from January 2020 to January 2022.  In addition, the Company received approximately $28.0 million of additional borrowings through a supplemental loan with the same lender, which is co-terminus with the existing mortgage loans, collateralized by the communities and matures in January 2022.  The existing loan accrues interest at a fixed rate equal to 4.25% per annum. The supplemental loan accrues interest at a fixed rate equal to 4.3% per annum and includes monthly interest only payments for the first 12 months followed by monthly principal and interest payments for the remaining term of the loan using a 30-year amortization period with the remaining principal balance payable at maturity. The 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.
[7]	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.
[8]	The balance for this loan excludes a remaining premium of $0.2 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date.
[9]	The balance for this loan excludes a remaining discount of $0.1 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date.
[10]	The Company entered into an interest rate swap with a remaining notional amount of $25.1 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 $47.1 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 $80.8 million; see Note 12. “Derivative Financial Instruments” for additional information.
[13]	The Company entered into an interest rate swap with a remaining notional amount of $129.7 million; see Note 12. “Derivative Financial Instruments” for additional information.
[14]	The Company entered into an interest rate cap with a remaining notional amount of $117.0 million; see Note 12. “Derivative Financial Instruments” for additional information.
[15]	In May 2017, the Company refinanced the loans related to the Claremont Medical Office property and the Knoxville Medical Office Properties of approximately $12.4 million and $37.2 million, respectively, into a combined loan. The original loans were scheduled to mature January 2018 and July 2018, respectively. The Company entered into interest rate swaps with remaining notional amounts of $11.8 million and $36.8 million, respectively; see Note 12. “Derivative Financial Instruments” for additional information.

Schedule of Indebtedness (Paren

Schedule of Indebtedness (Parenthetical) (Detail) - USD ($) $ in Thousands		Oct. 31, 2015	Aug. 31, 2017	Jun. 30, 2017	Dec. 31, 2017		Dec. 31, 2016
Interest Rate Swap
Debt Instrument [Line Items]
Notional amount of derivative contract					$ 506,400		$ 521,500
Interest Rate Cap
Debt Instrument [Line Items]
Notional amount of derivative contract					527,000		410,000
Fixed rate debt
Debt Instrument [Line Items]
Debt, Carrying amount					409,607		382,129
Mortgages payable and other notes payable					$ 409,607		382,129
Claremont Medical Office
Debt Instrument [Line Items]
Maturity Date					Jan. 31, 2018
Debt, refinanced amount					$ 12,400
Knoxville MOBs
Debt Instrument [Line Items]
Maturity Date					Jul. 31, 2018
Debt, refinanced amount					$ 37,200
Mortgage Loans | Fixed rate debt
Debt Instrument [Line Items]
Debt, Carrying amount					409,607		382,129
Mortgages payable and other notes payable					409,607		382,129
Mortgage Loans | Pacific Northwest II Communities
Debt Instrument [Line Items]
Debt, Carrying amount					201,900
Maturity Date		Dec. 31, 2018	Jan. 31, 2022
Mortgages payable and other notes payable					201,900
Mortgage Loans | Pacific Northwest II Communities | Fixed rate debt
Debt Instrument [Line Items]
Debt, Carrying amount					21,541		22,017
Mortgages payable and other notes payable					21,541		22,017
Mortgage Loans | Capital Health
Debt Instrument [Line Items]
Debt, Carrying amount					$ 35,400
Maturity Date			Jan. 31, 2022	Jan. 31, 2020	Jan. 5, 2022	[1],[2]
Payment Terms	[1]				Monthly principal and interest payments based on a 25-year amortization schedule
Mortgages payable and other notes payable					$ 35,400
Mortgage Loans | Capital Health | Fixed rate debt
Debt Instrument [Line Items]
Debt, Carrying amount	[1]				62,767		36,395
Mortgages payable and other notes payable	[1]				$ 62,767		36,395
Mortgage Loans | ProMed Building I
Debt Instrument [Line Items]
Maturity Date	[2]				Jan. 15, 2022
Interest on Loan accrues - Fixed rate	[3]				3.64%
Payment Terms					Monthly principal and interest payments based upon a 25-year amortization schedule
Mortgage Loans | ProMed Building I | Fixed rate debt
Debt Instrument [Line Items]
Debt, Carrying amount					$ 6,673		6,865
Mortgages payable and other notes payable					$ 6,673		6,865
Mortgage Loans | Primrose I Communities
Debt Instrument [Line Items]
Maturity Date	[2],[4]				Sep. 1, 2022
Interest on Loan accrues - Fixed rate	[3],[4]				4.11%
Payment Terms	[4]				Monthly principal and interest payments based on a 30-year amortization schedule
Mortgage Loans | Primrose I Communities | Fixed rate debt
Debt Instrument [Line Items]
Debt, Carrying amount	[4]				$ 49,899		51,000
Mortgages payable and other notes payable	[4]				$ 49,899		51,000
Mortgage Loans | Primrose I Communities | Minimum | If prepaid prior to March 1, 2022
Debt Instrument [Line Items]
Percentage of prepayment penalty on principal repaid					1.00%
Mortgage Loans | Watercrest at Mansfield
Debt Instrument [Line Items]
Maturity Date	[2],[5]				Jun. 1, 2023
Interest on Loan accrues - Fixed rate	[3],[5]				4.68%
Payment Terms	[5]				Monthly principal and interest payments based on a total payment of $143,330
Mortgage Loans | Watercrest at Mansfield | Fixed rate debt
Debt Instrument [Line Items]
Debt, Carrying amount	[5]				$ 25,676		26,165
Mortgages payable and other notes payable	[5]				25,676		26,165
Remaining loan premium					$ 200
Mortgage Loans | 540 New Waverly Place
Debt Instrument [Line Items]
Maturity Date	[2],[6]				May 31, 2028
Interest on Loan accrues - Fixed rate	[3],[6]				4.08%
Payment Terms	[6]				Monthly principal and interest payments based upon a 25-year amortization schedule
Mortgage Loans | 540 New Waverly Place | Fixed rate debt
Debt Instrument [Line Items]
Debt, Carrying amount	[6]				$ 6,665		6,868
Mortgages payable and other notes payable	[6]				6,665		$ 6,868
Remaining loan premium					100
Mortgage Loans | Calvert Medical Office Properties | Interest Rate Swap
Debt Instrument [Line Items]
Notional amount of derivative contract					25,100
Mortgage Loans | MHOSH MOB | Interest Rate Swap
Debt Instrument [Line Items]
Notional amount of derivative contract					47,100
Mortgage Loans | Medical Portfolio II | Interest Rate Swap
Debt Instrument [Line Items]
Notional amount of derivative contract					80,800
Mortgage Loans | Southeast Medical Office Properties | Interest Rate Swap
Debt Instrument [Line Items]
Notional amount of derivative contract					129,700
Mortgage Loans | Palmilla Senior Living | Interest Rate Cap
Debt Instrument [Line Items]
Notional amount of derivative contract					117,000
Mortgage Loans | Claremont Medical Office | Interest Rate Swap
Debt Instrument [Line Items]
Notional amount of derivative contract					11,800
Mortgage Loans | Knoxville MOBs | Interest Rate Swap
Debt Instrument [Line Items]
Notional amount of derivative contract					$ 36,800
Mortgage, Supplemental Loan | Pacific Northwest II Communities
Debt Instrument [Line Items]
Maturity Date			Jan. 31, 2022
Debt, Carrying amount			$ 9,500
Interest on Loan accrues - Fixed rate			4.30%
Payment Terms					monthly interest only payments for the first 12 months followed by monthly principal and interest payments for the remaining term of the loan using a 30-year amortization period with the remaining principal balance payable at maturity.
Mortgage, Supplemental Loan | Pacific Northwest II Communities | Minimum
Debt Instrument [Line Items]
Percentage of prepayment penalty on principal repaid					1.00%
Mortgage, Supplemental Loan | Capital Health
Debt Instrument [Line Items]
Debt, Carrying amount			$ 28,000
Maturity Date			Jan. 31, 2022
Interest on Loan accrues - Fixed rate			4.30%		4.25%
Payment Terms					monthly interest only payments for the first 12 months followed by monthly principal and interest payments for the remaining term of the loan using a 30-year amortization period with the remaining principal balance payable at maturity.
Mortgages payable and other notes payable			$ 28,000
Mortgage, Supplemental Loan | Capital Health | Minimum
Debt Instrument [Line Items]
Percentage of prepayment penalty on principal repaid					1.00%
30-day LIBOR
Debt Instrument [Line Items]
Interest accrues on loan, LIBOR					1.56%		0.77%
30-day LIBOR | Mortgage Loans | Calvert Medical Office Properties
Debt Instrument [Line Items]
Maturity Date	[2],[7]				Aug. 29, 2018
Payment Terms	[7]				Monthly interest only payments for the first 18 months; principal and interest payments thereafter based on a 30-year amortization schedule
Interest accrues on loan in addition to LIBOR	[3],[7]				2.50%
30-day LIBOR | Mortgage Loans | Southeast Medical Office Properties
Debt Instrument [Line Items]
Maturity Date	[2],[8]				Dec. 22, 2019
Payment Terms	[8]				Monthly principal and interest payments based on a 25-year amortization schedule
Interest accrues on loan in addition to LIBOR	[3],[8]				2.00%
30-day LIBOR | Mortgage Loans | Palmilla Senior Living
Debt Instrument [Line Items]
Maturity Date	[2],[9]				Mar. 22, 2020
Payment Terms	[9]				Interest only payments through April 2017; principal payments thereafter based on a 30-year amortization schedule
Interest accrues on loan in addition to LIBOR	[3],[9]				2.00%
Ninety Days London Interbank Offered Rate
Debt Instrument [Line Items]
Interest accrues on loan, LIBOR					1.70%		1.00%
Ninety Days London Interbank Offered Rate | Mortgage Loans | MHOSH MOB
Debt Instrument [Line Items]
Maturity Date	[2],[10]				Jun. 2, 2019
Payment Terms	[10]				Monthly principal and interest payments based on a 25-year amortization schedule
Interest accrues on loan in addition to LIBOR	[3],[10]				2.85%
Ninety Days London Interbank Offered Rate | Mortgage Loans | Medical Portfolio II
Debt Instrument [Line Items]
Maturity Date	[2],[11]				Jul. 14, 2019
Payment Terms	[11]				Monthly principal and interest payments based on a 25-year amortization schedule
Interest accrues on loan in addition to LIBOR	[3],[11]				2.35%
30-day LIBOR | Mortgage Loans | ProMed Building I
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR					2.20%
[1]	In August 2017, the Company extended the maturity date on the existing loan of approximately $35.4 million from January 2020 to January 2022.  In addition, the Company received approximately $28.0 million of additional borrowings through a supplemental loan with the same lender, which is co-terminus with the existing mortgage loans, collateralized by the communities and matures in January 2022.  The existing loan accrues interest at a fixed rate equal to 4.25% per annum. The supplemental loan accrues interest at a fixed rate equal to 4.3% per annum and includes monthly interest only payments for the first 12 months followed by monthly principal and interest payments for the remaining term of the loan using a 30-year amortization period with the remaining principal balance payable at maturity. The 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.
[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 30-day and 90-day LIBOR were approximately 1.56% and 1.70%, respectively, as of December 31, 2017 and approximately 0.77% and 1.00%, respectively, as of December 31, 2016.
[4]	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.
[5]	The balance for this loan excludes a remaining premium of $0.2 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date.
[6]	The balance for this loan excludes a remaining discount of $0.1 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date.
[7]	The Company entered into an interest rate swap with a remaining notional amount of $25.1 million; see Note 12. “Derivative Financial Instruments” for additional information.
[8]	The Company entered into an interest rate swap with a remaining notional amount of $129.7 million; see Note 12. “Derivative Financial Instruments” for additional information.
[9]	The Company entered into an interest rate cap with a remaining notional amount of $117.0 million; see Note 12. “Derivative Financial Instruments” for additional information.
[10]	The Company entered into an interest rate swap with a remaining notional amount of $47.1 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 $80.8 million; see Note 12. “Derivative Financial Instruments” for additional information.

Schedule of Fair Market Value a

Schedule of Fair Market Value and Carrying Value of Indebtedness (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Carrying Value	$ 1,670,869,000
Mortgages and other notes payable, net
Debt Instrument [Line Items]
Fair Value	1,034,900	$ 943,400
Carrying Value	1,032,200	936,700
Credit facilities
Debt Instrument [Line Items]
Fair Value	632,000	644,900
Carrying Value	$ 630,100	$ 642,000

Indebtedness - Additional Infor

Indebtedness - Additional Information (Detail)	1 Months Ended		12 Months Ended
	Oct. 31, 2017Extension	Nov. 30, 2015USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2014USD ($)
After Modification
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing			$ 445,000,000	$ 700,000,000
Revolving Credit Facility | Maturity Extension Option One
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing				230,000,000
Line of credit facility, initial maturity	2018-12
Number of extension options available | Extension	1
Line of credit facility extension period	12 months
Revolving Credit Facility | Maturity Extension Option Two
Debt Instrument [Line Items]
Line of credit facility, initial maturity	2019-12
Number of extension options available | Extension	1
Line of credit facility extension period	12 months
Term Loan Credit Facility
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing				$ 175,000,000
Line of credit facility, initial maturity	2019-02
Line of credit facility, extended maturity	2020-02
Number of extension options available | Extension	1
Line of credit facility extension period	12 months
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
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, 2017, the Company was in compliance with all financial covenants.
Maximum allowable distributions as a percentage of adjusted FFO			95.00%

Related Party Arrangements - Ad

Related Party Arrangements - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Selling commissions		7.00%
Marketing support fees		3.00%
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]	$ 381	$ 417
Investment services fees	[3]	$ 126	739	$ 18,561
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%
Advisor
Related Party Transaction [Line Items]
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%
Operating expenses reimbursement as percentage average invested assets		2.00%
Operating expenses reimbursement percentage of net income		25.00%
Property Manager
Related Party Transaction [Line Items]
Property management fees		$ 1,000
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	$ 900	$ 600
[1]	Amounts are recorded as due to related parties in the accompanying consolidated balance sheets.
[2]	For the years ended December 31, 2017, 2016 and 2015, the Company incurred approximately $4.8 million, $5.1 million and $3.9 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $0.3 million, $0.9 million and $0.7 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, 2017, the Company incurred approximately $0.1 million in investment services fees of which approximately $0.1 million, was capitalized and included in real estate assets, net in the accompanying consolidated balance sheets. For the year ended December 31, 2016, the Company incurred approximately $0.7 million in investment service fees of which approximately $0.2 million was capitalized and included in real estate under development. 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. Investment service fees, that are not capitalized, are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.

Fees in Connection with Offerin

Fees in Connection with Offering (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Related Party Transactions [Abstract]
Selling commissions	$ 12,507	[1]
Marketing support fees	16,242	[1]
Total offering expenses	$ 28,749
[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 of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the year ended December 31, 2015. 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, 2017		Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Offering costs	[1]				$ 3,446,000
Operating expenses	[2]	$ 5,791,000		$ 5,966,000	5,214,000
Acquisition fees and expenses				974,000	21,526,000
Total reimbursable expenses		5,797,000		6,070,000	9,273,000
Investment services fees	[3]	126,000		739,000	18,561,000
Disposition fee	[4]			343,000
Financing coordination fees		3,601,000	[5]	0	0
Property management fees		18,850,000		18,532,000	14,759,000
Asset management fees		29,642,000		25,443,000	17,892,000
Total reimbursable expenses, net		44,488,000		41,332,000	54,565,000
Operating expenses, unpaid	[2],[6]	1,042,000		1,072,000
Acquisition fees and expenses, unpaid	[6]	2,000		3,000
Total reimbursable expenses due	[6]	1,044,000		1,075,000
Investment services fees, unpaid	[3],[6]			17,000
Property management fees, unpaid	[6],[7]	381,000		417,000
Asset management fees, unpaid	[6],[8]	2,516,000		1,956,000
Total related amount unpaid	[6]	3,941,000		3,465,000
Reimbursable expense
Related Party Transaction [Line Items]
Property management fees	[7]	4,807,000		5,059,000	3,894,000
Asset management fees	[8]	30,157,000		29,121,000	22,837,000
Property Manager
Related Party Transaction [Line Items]
Acquisition fees and expenses		6,000		$ 104,000	$ 613,000
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 of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the year ended December 31, 2015. 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 $0.1 million of reimbursement payments to the Advisor for services provided to the Company by its executive officers for the years ended December 31, 2017, 2016 and 2015, respectively. The reimbursement payments include components of salaries, benefits and other overhead charges.
[3]	For the year ended December 31, 2017, the Company incurred approximately $0.1 million in investment services fees of which approximately $0.1 million, was capitalized and included in real estate assets, net in the accompanying consolidated balance sheets. For the year ended December 31, 2016, the Company incurred approximately $0.7 million in investment service fees of which approximately $0.2 million was capitalized and included in real estate under development. 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. 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, 2017, the Company incurred approximately $3.6 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties of which approximately $0.9 million in financing coordination fees were capitalized as loan costs and reduced mortgages and other notes payable, net in the accompanying consolidated balance sheets. There were no financing coordination fees incurred 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, 2017, 2016 and 2015, the Company incurred approximately $4.8 million, $5.1 million and $3.9 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $0.3 million, $0.9 million and $0.7 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, 2017, 2016 and 2015, the Company incurred approximately $30.2 million, $29.1 million and $22.9 million, respectively, in asset management fees payable to the Advisor, of which approximately $2.9 million and $4.4 million for the years ended December 31, 2016 and 2015, respectively, were settled in accordance with the terms of the Advisor Expense Support Agreement. No expense support was received for the year ended December 31, 2017. There was approximately $0.5 million, $0.8 million and $0.6 million, respectively, 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, 2017		Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Investment services fees	[1]	$ 126,000		$ 739,000	$ 18,561,000
Investment service fees capitalized		100,000		200,000	2,300,000
Financing coordination fees		3,601,000	[2]	0	0
Loan costs capitalized		900,000
Construction management fees capitalized		300,000		900,000	700,000
Asset management fees		29,642,000		25,443,000	17,892,000
Advisor
Related Party Transaction [Line Items]
Asset management fees capitalized		500,000		800,000	600,000
Expense under Support Agreement		0		2,900,000	4,400,000
Investment Services Fees
Related Party Transaction [Line Items]
Investment services fees		100,000		700,000	18,600,000
Reimbursable expense
Related Party Transaction [Line Items]
Advisory fee paid					25,000
Property and construction management fees payable		4,800,000		5,100,000	3,900,000
Asset management fees	[3]	30,157,000		29,121,000	22,837,000
Reimbursable expense | Advisor
Related Party Transaction [Line Items]
Asset management fees		30,200		29,100	22,900
Reimbursable expense | General and Administrative Expense
Related Party Transaction [Line Items]
Advisory fee paid		$ 100,000		$ 100,000	$ 100,000
[1]	For the year ended December 31, 2017, the Company incurred approximately $0.1 million in investment services fees of which approximately $0.1 million, was capitalized and included in real estate assets, net in the accompanying consolidated balance sheets. For the year ended December 31, 2016, the Company incurred approximately $0.7 million in investment service fees of which approximately $0.2 million was capitalized and included in real estate under development. 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. 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, 2017, the Company incurred approximately $3.6 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties of which approximately $0.9 million in financing coordination fees were capitalized as loan costs and reduced mortgages and other notes payable, net in the accompanying consolidated balance sheets. There were no financing coordination fees incurred for the years ended December 31, 2016 and 2015.
[3]	For the years ended December 31, 2017, 2016 and 2015, the Company incurred approximately $30.2 million, $29.1 million and $22.9 million, respectively, in asset management fees payable to the Advisor, of which approximately $2.9 million and $4.4 million for the years ended December 31, 2016 and 2015, respectively, were settled in accordance with the terms of the Advisor Expense Support Agreement. No expense support was received for the year ended December 31, 2017. There was approximately $0.5 million, $0.8 million and $0.6 million, respectively, 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, 2017	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Asset management fees		$ 29,642,000	$ 25,443,000	$ 17,892,000
Cash distributions on Restricted Stock		$ 34,512,000	31,454,000	$ 26,373,000
Stock distributions, shares				3,200
Expense Support Agreements
Related Party Transaction [Line Items]
Asset management fees	[1]		$ 2,918,000	$ 4,379,000
Then-current offering price or NAV	[2]	$ 10.32	$ 10.04	$ 10.19
Restricted Stock shares	[3]		291	423
Asset management fees	[1]	$ 13,565
Then-current offering price or NAV	[2]	$ 10.32
Expense Support Agreements | Restricted Stock
Related Party Transaction [Line Items]
Cash distributions on Restricted Stock	[4]	$ 571,000	$ 427,000	$ 281,000
Stock distributions, shares	[5]			14
Restricted Stock shares	[3]	1,332
Cash distributions on Restricted Stock	[4]	$ 1,381,000
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, 2017, 2016 and 2015, and cumulatively as of December 31, 2017.
[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 or NAV per share.
[3]	Restricted stock shares are comprised of approximately 1.3 million issued to the Advisor as of December 31, 2017. 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, 2017.
[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, 2017USD ($)shares
Related Party Transactions [Abstract]
Shares issued to Advisor | shares	1.3
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, 2017	Dec. 31, 2016
Derivative Financial Instruments One
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 11,842
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)		$ 1	$ (44)
Derivative Financial Instruments Two
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 36,839
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)		$ (213)	(878)
Derivative Financial Instruments Three
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 25,103
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)		$ (182)	(667)
Derivative Financial Instruments Four
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 47,072
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)		$ (280)	(949)
Derivative Financial Instruments Five
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 80,841
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)		$ (424)	(1,512)
Derivative Financial Instruments Six
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)		$ 464	(992)
Derivative Financial Instruments Seven
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 129,722
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)		$ 516	(976)
Derivative Financial Instruments Eight
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)		$ 681	600
Derivative Financial Instruments Nine
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)		$ 393	$ 346
Derivative Financial Instruments Ten
Derivative [Line Items]
Notional amount of derivative contract	[3]	$ 117,000
Strike	[2]	2.30%
Trade date		Aug. 29, 2017
Forward date		Aug. 29, 2017
Maturity date		Sep. 1, 2019
Fair value asset (liability)		$ 95
[1]	Amounts related to interest rate swaps held by the Company, or its equity method investment, 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 investment, 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, 2017		Dec. 31, 2016
Interest Rate Swap Agreement One
Derivative [Line Items]
Notional amount of derivative contract	[1]	$ 11,842		$ 12,050
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		1		(44)
Fair value asset (liability)		1		(44)
Interest Rate Swap Agreement Two
Derivative [Line Items]
Notional amount of derivative contract	[1]	36,839		37,446
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(213)		(878)
Fair value asset (liability)		(213)		(878)
Interest Rate Swap Agreement Three
Derivative [Line Items]
Notional amount of derivative contract	[1]	25,103		25,516
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(182)		(667)
Fair value asset (liability)		(182)		(667)
Interest Rate Swap Agreement Four
Derivative [Line Items]
Notional amount of derivative contract	[1]	47,072		47,983
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(280)		(949)
Fair value asset (liability)		(280)		(949)
Interest Rate Swap Agreement Five
Derivative [Line Items]
Notional amount of derivative contract	[1]	80,841		82,370
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		(424)		(1,512)
Fair value asset (liability)		(424)		(1,512)
Interest Rate Swap Six Agreement
Derivative [Line Items]
Notional amount of derivative contract	[1]	175,000		6,876
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		464		(17)
Fair value asset (liability)		464		(17)
Interest Rate Swap Seven Agreement
Derivative [Line Items]
Notional amount of derivative contract	[1]	129,722		175,000
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		516		(992)
Fair value asset (liability)		516		(992)
Interest Rate Swap Eight Agreement
Derivative [Line Items]
Notional amount of derivative contract		260,000	[2]	134,258	[1]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		681		(976)
Fair value asset (liability)		681		(976)
Interest Rate Swap Nine Agreement
Derivative [Line Items]
Notional amount of derivative contract	[2]	150,000		260,000
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		393		600
Fair value asset (liability)		393		600
Interest Rate Swap Ten Agreement
Derivative [Line Items]
Notional amount of derivative contract	[2]	117,000		150,000
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount		95		346
Fair value asset (liability)		$ 95		$ 346
[1]	Amounts related to interest rate swaps held by the Company, or its equity method investment, 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 investment, 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, 2017	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2015
Class Of Stock [Line Items]
Redeemable noncontrolling interest in joint venture	5.00%
Aggregate proceeds received from offering	$ 43,220	$ 42,554	$ 588,704	$ 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
Cash distribution declared	$ 77,732	74,008	63,201
Cash paid to stockholders	$ 34,512	$ 31,454	$ 26,373
Stock distributions, shares			3,200
Redemption of common stock, per share	$ 9.99	$ 9.73	$ 9.51
Redemptions of common stock	$ 47,332	$ 36,243	$ 9,309
Common Stock
Class Of Stock [Line Items]
Aggregate proceeds received from offering	$ 43	$ 44	$ 561
Stock distributions, shares			3,196
Redemption of common stock, shares	4,740	3,725	978
Redemptions of common stock	$ 47	$ 37	$ 12
Reinvestment Plan
Class Of Stock [Line Items]
Aggregate proceeds received from offering	$ 43,200	$ 42,600	$ 36,800
Subscriptions received for common stock through public offering and reinvestment plan (in shares)	4,300	4,400	3,700
Cash distribution declared	$ 43,200	$ 42,600	$ 36,800

Tax Composition of Company's Di

Tax Composition of Company's Distributions Declared (Detail)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Uncategorized [Abstract]
Ordinary income	0.00%	21.50%	37.80%
Capital gain	0.00%	14.40%	0.00%
Unrecaptured Sec. 1250 gain	0.00%	1.20%	0.00%
Return of capital	100.00%	62.90%	62.20%

Equity - Distributions of promo

Equity - Distributions of promoted interest to share holders (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Class Of Stock [Line Items]
Distribution to holder of promoted interest	$ (955)	$ (6,650)
Dogwood Forest of Acworth
Class Of Stock [Line Items]
Distribution to holder of promoted interest		(3,850)
Wellmore of Tega Cay
Class Of Stock [Line Items]
Distribution to holder of promoted interest		$ (2,800)
HarborChase of Villages Crossing
Class Of Stock [Line Items]
Distribution to holder of promoted interest	$ (955)

Effect of Derivative Financial

Effect of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	$ 6,878	$ 1,884	$ (4,883)
Interest Expense and Loan Cost Amortization
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from accumulated other comprehensive loss into earnings	(5,043)	(7,177)	(4,379)
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	5,573	3,487	(4,881)
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	(3,902)	(7,150)	(4,110)
Interest Rate Cap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	1,013	(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	(849)	(45)
Interest Rate Cap | Unconsolidated Joint Venture
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss		(1)	(9)
Reclassification of Interest Rate Swaps Upon Derecognition
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	318		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	(318)		(236)
Reclassification of Interest Rate Swaps Due to Ineffectiveness
Derivative Instruments, Gain (Loss) [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	(26)	(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	$ 26	$ 18	$ (33)

Components of Income Tax Expens

Components of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ (245)
State	(523)	$ (351)	$ (378)
Total current expense	(768)	(351)	(378)
Deferred:
Federal	8,826
State	305
Total deferred benefit	9,131
Income tax benefit (expense)	$ 8,363	$ (351)	$ (378)

Significant Components of Defer

Significant Components of Deferred Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Carryforwards of net operating loss	$ 9,381	$ 9,110
Minimum tax credit carryforward	189
Prepaid rent	648	442
Valuation allowance	(1,087)	$ (9,552)
Deferred tax assets, net	$ 9,131

Reconciliation of Income Tax Be

Reconciliation of Income Tax Benefit (Expense) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Tax benefit computed at federal statutory rate	$ 12,136	$ 11,002	$ 23,701
Impact of REIT election	(13,459)	(11,002)	(23,701)
State income tax expense net of federal benefit	(406)	(351)	(378)
Effect of change in future tax rates	1,861
Effect of change in valuation allowance	8,231
Income tax benefit (expense)	$ 8,363	$ (351)	$ (378)
Tax benefit computed at federal statutory rate	35.00%	35.00%	35.00%
Impact of REIT election	(38.82%)	(35.00%)	(35.00%)
State income tax expense net of federal benefit	(1.17%)	(1.12%)	(0.56%)
Effect of change in future tax rates	5.37%
Effect of change in valuation allowance	23.74%
Income tax benefit (expense)	24.12%	(1.12%)	(0.56%)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Line Items]
Net operating loss carry-forwards for federal and state	$ 39	$ 48.6
Earliest Tax Year
Income Taxes [Line Items]
Tax year subject to examination	2,014
Latest Tax Year
Income Taxes [Line Items]
Tax year subject to examination	2,017
Domestic Tax Authority
Income Taxes [Line Items]
Net Operating loss carry-forwards, beginning of expiration year	2,034
State and Local Jurisdiction
Income Taxes [Line Items]
Net Operating loss carry-forwards, beginning of expiration year	2,019

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Commitments And Contingencies Disclosure [Abstract]
Remaining Development Budget	$ 2.5
Company accrued interest to holder's	$ 1

Geographical Concentrations tha

Geographical Concentrations that Individually Accounted for 10% or More of Total Revenues (Detail)		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Total Revenue | Geographical | State of Texas
Concentration Risk [Line Items]
Concentration risk, percentage	[1]	18.60%	18.40%	16.50%
[1]	Includes rental income and tenant reimbursements and resident fees and services. Adverse economic developments in this geographical area could significantly impact the Company’s results of operations and cash flows from operations, which in turn would impact its ability to pay debt service and make distributions to stockholders.

Selected Quarterly Financial 97

Selected Quarterly Financial Data (Unaudited) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 103,251	$ 101,687	$ 97,780	$ 95,698	$ 94,543	$ 95,511	$ 94,041	$ 92,960	$ 398,416	$ 377,055	$ 300,525
Operating income (loss)	8,831	6,270	8,491	7,463	5,764	3,660	2,714	(991)	31,055	11,147	(24,308)
Net income (loss) attributable to common stockholders	$ 433	$ (11,170)	$ (7,901)	$ (7,324)	$ 6,839	$ (11,992)	$ (12,072)	$ (14,442)	$ (25,962)	$ (31,667)	$ (68,055)
Weighted average number of shares outstanding (basic and diluted)	174,918	175,190	175,221	175,277	175,328	175,033	175,489	174,681	175,151	175,121	153,804
Net income (loss) per share of common stock (basic and diluted)	$ 0	$ (0.06)	$ (0.05)	$ (0.04)	$ 0.04	$ (0.07)	$ (0.07)	$ (0.08)	$ (0.15)	$ (0.18)	$ (0.44)

Assets Held for Sale, Net - Add

Assets Held for Sale, Net - Additional Information (Detail)	1 Months Ended
	Aug. 31, 2017Facility
Arkansas
Long Lived Assets Held For Sale [Line Items]
Number of skilled nursing facilities	6

Assets Held for Sale, Net - Sch

Assets Held for Sale, Net - Schedule of Assets Held for Sale (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Long Lived Assets Held For Sale [Line Items]
Deferred rent and lease incentives	$ 42,792	$ 31,045
Real estate held for sale, net	52,774	53,351
Perennial Communities
Long Lived Assets Held For Sale [Line Items]
Real estate assets, net	47,004	47,178
Intangibles, net	800	893
Deferred rent and lease incentives	4,970	5,280
Real estate held for sale, net	$ 52,774	$ 53,351

Schedule II-Valuation and Qu100

Schedule II-Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ (11,068)	$ (7,009)	$ (2,798)
Charged to Costs and Expenses	7,631	(4,059)	(4,211)
Charged to Other Accounts	0	0	0
Balance at End of Year	(3,437)	(11,068)	(7,009)
Valuation Allowance of Deferred Tax Assets
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	(9,552)	(5,839)	(2,798)
Charged to Costs and Expenses	8,465	(3,713)	(3,041)
Charged to Other Accounts	0	0	0
Balance at End of Year	(1,087)	(9,552)	(5,839)
Allowance for Doubtful Accounts
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	(1,516)	(1,170)
Charged to Costs and Expenses	(834)	(346)	(1,170)
Charged to Other Accounts	0	0	0
Balance at End of Year	$ (2,350)	$ (1,516)	$ (1,170)

Schedule III-Real Estate And101

Schedule III-Real Estate And Accumulated Depreciation (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 1,038,767
Initial Costs, Land & Land Improvements	[1]	241,227
Initial Costs, Building and Building Improvements	[1]	2,235,690
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	13,345
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	231,543
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	254,572
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	2,467,233
Total		2,721,805	[1],[2]	$ 2,692,074	$ 2,588,903	$ 1,721,429
Accumulated Depreciation		(219,457)	[1]	$ (153,124)	$ (90,201)	$ (40,467)
Primrose Retirement Community Casper, Wyoming
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	11,535
Initial Costs, Land & Land Improvements	[1]	1,910
Initial Costs, Building and Building Improvements	[1]	16,310
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	30
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	296
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,940
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,606
Total	[1],[2]	18,546
Accumulated Depreciation	[1]	$ (2,552)
Date of construction	[1]	2,004
Date Acquired	[1]	Feb. 16, 2012
Primrose Retirement Community Of Grand Island
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 8,137
Initial Costs, Land & Land Improvements	[1]	719
Initial Costs, Building and Building Improvements	[1]	12,140
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	35
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	754
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,140
Total	[1],[2]	12,894
Accumulated Depreciation	[1]	$ (1,957)
Date of construction	[1]	2,005
Date Acquired	[1]	Feb. 16, 2012
Primrose Retirement Community Mansfield, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 11,071
Initial Costs, Land & Land Improvements	[1]	650
Initial Costs, Building and Building Improvements	[1]	16,720
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	229
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (2,706)
Date of construction	[1]	2,007
Date Acquired	[1]	Feb. 16, 2012
Primrose Retirement Community Marion, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 9,183
Initial Costs, Land & Land Improvements	[1]	889
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (2,595)
Date of construction	[1]	2,006
Date Acquired	[1]	Feb. 16, 2012
Sweetwater Retirement Community Billings Montana
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 9,973
Initial Costs, Land & Land Improvements	[1]	1,578
Initial Costs, Building and Building Improvements	[1]	14,205
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	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	[1]	$ (2,205)
Date of construction	[1]	2,006
Date Acquired	[1]	Feb. 16, 2012
HarborChase Community Lady Lake, Florida
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,165
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	986
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (1,685)
Date of construction	[1]	2,013
Date Acquired	[1]	Aug. 29, 2012
Primrose Retirement Community Aberdeen, South Dakota
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 311
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (526)
Date of construction	[1]	2,005
Date Acquired	[1]	Dec. 19, 2012
Primrose Retirement Community Council Bluffs, Iowa
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,144
Initial Costs, Building and Building Improvements	[1]	11,117
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	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	[1]	$ (1,585)
Date of construction	[1]	2,008
Date Acquired	[1]	Dec. 19, 2012
Primrose Retirement Community Decatur, Illinois
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 10,120
Initial Costs, Land & Land Improvements	[1]	513
Initial Costs, Building and Building Improvements	[1]	16,706
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (2,287)
Date of construction	[1]	2,009
Date Acquired	[1]	Dec. 19, 2012
Primrose Retirement Community Lima, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 944
Initial Costs, Building and Building Improvements	[1]	17,115
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	8
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (2,330)
Date of construction	[1]	2,006
Date Acquired	[1]	Dec. 19, 2012
Primrose Retirement Community Zanesville, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 11,421
Initial Costs, Land & Land Improvements	[1]	1,184
Initial Costs, Building and Building Improvements	[1]	17,292
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (2,362)
Date of construction	[1]	2,008
Date Acquired	[1]	Dec. 19, 2012
Capital Health of Symphony Manor Baltimore, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 14,697
Initial Costs, Land & Land Improvements	[1]	2,319
Initial Costs, Building and Building Improvements	[1]	19,444
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	79
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]	19,523
Total	[1],[2]	21,842
Accumulated Depreciation	[1]	$ (2,614)
Date of construction	[1]	2,011
Date Acquired	[1]	Dec. 21, 2012
Curry House Assisted Living & Memory Care Cadillac, Michigan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 7,743
Initial Costs, Land & Land Improvements	[1]	995
Initial Costs, Building and Building Improvements	[1]	11,072
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	8
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,003
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,072
Total	[1],[2]	12,075
Accumulated Depreciation	[1]	$ (1,503)
Date of construction	[1]	1,966
Date Acquired	[1]	Dec. 21, 2012
Tranquillity at Fredericktowne, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 20,501
Initial Costs, Land & Land Improvements	[1]	808
Initial Costs, Building and Building Improvements	[1]	14,291
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	5,747
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]	20,038
Total	[1],[2]	20,846
Accumulated Depreciation	[1]	$ (1,918)
Date of construction	[1]	2,000
Date Acquired	[1]	Dec. 21, 2012
Brookridge Heights Assisted Living and Memory Care Marquette, Michigan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 13,039
Initial Costs, Land & Land Improvements	[1]	595
Initial Costs, Building and Building Improvements	[1]	11,339
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	4,674
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]	16,013
Total	[1],[2]	16,608
Accumulated Depreciation	[1]	$ (1,672)
Date of construction	[1]	1,998
Date Acquired	[1]	Dec. 21, 2012
Woodholme Gardens Assisted Living and Memory Care Pikesville, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 6,788
Initial Costs, Land & Land Improvements	[1]	1,603
Initial Costs, Building and Building Improvements	[1]	13,472
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	54
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,657
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,472
Total	[1],[2]	15,129
Accumulated Depreciation	[1]	$ (1,826)
Date of construction	[1]	2,010
Date Acquired	[1]	Dec. 21, 2012
Batesville Healthcare Center Batesville, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 397
Initial Costs, Building and Building Improvements	[1]	5,382
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	113
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	75
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	510
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	5,457
Total	[1],[2]	5,967
Accumulated Depreciation	[1]	$ (598)
Date of construction	[1]	1,975
Date Acquired	[1]	May 31, 2013
Broadway Healthcare Center West Memphis, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 438
Initial Costs, Building and Building Improvements	[1]	10,560
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (1,189)
Date of construction	[1]	1,994
Date Acquired	[1]	May 31, 2013
Jonesboro Healthcare Center Jonesboro, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 527
Initial Costs, Building and Building Improvements	[1]	13,493
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (1,494)
Date of construction	[1]	2,012
Date Acquired	[1]	May 31, 2013
Magnolia Healthcare Center Magnolia, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 421
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,177)
Date of construction	[1]	2,009
Date Acquired	[1]	May 31, 2013
Mine Creek Healthcare Center Nashville, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 135
Initial Costs, Building and Building Improvements	[1]	2,942
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	11
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	36
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]	2,978
Total	[1],[2]	3,124
Accumulated Depreciation	[1]	$ (347)
Date of construction	[1]	1,978
Date Acquired	[1]	May 31, 2013
Searcy Healthcare Center Searcy, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 648
Initial Costs, Building and Building Improvements	[1]	6,017
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	222
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]	6,239
Total	[1],[2]	6,887
Accumulated Depreciation	[1]	$ (710)
Date of construction	[1]	1,973
Date Acquired	[1]	May 31, 2013
LaPorte Cancer Center Westville, Indiana
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 7,571
Initial Costs, Land & Land Improvements	[1]	433
Initial Costs, Building and Building Improvements	[1]	10,846
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	96
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	529
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,846
Total	[1],[2]	11,375
Accumulated Depreciation	[1]	$ (1,330)
Date of construction	[1]	2,010
Date Acquired	[1]	Jun. 14, 2013
Jefferson Medical Commons Jefferson City, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 8,354
Initial Costs, Land & Land Improvements	[1]	151
Initial Costs, Building and Building Improvements	[1]	10,236
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	195
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]	10,431
Total	[1],[2]	10,582
Accumulated Depreciation	[1]	$ (1,226)
Date of construction	[1]	2,001
Date Acquired	[1]	Jul. 10, 2013
Physicians Plaza A at North Knoxville Medical Center Powell, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 13,673
Initial Costs, Land & Land Improvements	[1]	262
Initial Costs, Building and Building Improvements	[1]	16,976
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	29
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]	17,005
Total	[1],[2]	17,267
Accumulated Depreciation	[1]	$ (2,037)
Date of construction	[1]	2,005
Date Acquired	[1]	Jul. 10, 2013
Physicians Plaza B at North Knoxville Medical Center Powell, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 16,614
Initial Costs, Land & Land Improvements	[1]	303
Initial Costs, Building and Building Improvements	[1]	18,754
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (2,261)
Date of construction	[1]	2,008
Date Acquired	[1]	Jul. 10, 2013
Physicians Regional Medical Center - Central Wing Annex Knoxville, Tennessee
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 4,067
Initial Costs, Land & Land Improvements	[1]	73
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (632)
Date of construction	[1]	2,004
Date Acquired	[1]	Jul. 10, 2013
HarborChase of Jasper Jasper, Alabama
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 355
Initial Costs, Building and Building Improvements	[1]	6,358
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	36
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]	6,394
Total	[1],[2]	6,749
Accumulated Depreciation	[1]	$ (747)
Date of construction	[1]	1,998
Date Acquired	[1]	Jul. 31, 2013
Chestnut Commons MOB Elyria, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,053
Initial Costs, Building and Building Improvements	[1]	15,650
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	59
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,112
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	15,650
Total	[1],[2]	17,762
Accumulated Depreciation	[1]	$ (2,003)
Date of construction	[1]	2,008
Date Acquired	[1]	Aug. 16, 2013
Doctor's Specialty Hospital Leawood, Kansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 924
Initial Costs, Building and Building Improvements	[1]	5,771
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	63
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	987
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	5,771
Total	[1],[2]	6,758
Accumulated Depreciation	[1]	$ (716)
Date of construction	[1]	2,001
Date Acquired	[1]	Aug. 16, 2013
Escondido Medical Arts Center Escondido, California
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,863
Initial Costs, Building and Building Improvements	[1]	12,199
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (1,402)
Date of construction	[1]	1,994
Date Acquired	[1]	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	[1]	$ 233
Initial Costs, Building and Building Improvements	[1]	2,779
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	96
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]	2,875
Total	[1],[2]	3,108
Accumulated Depreciation	[1]	$ (394)
Date of construction	[1]	1,980
Date Acquired	[1]	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	[1]	$ 138
Initial Costs, Building and Building Improvements	[1]	1,908
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	66
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]	1,974
Total	[1],[2]	2,112
Accumulated Depreciation	[1]	$ (234)
Date of construction	[1]	1,984
Date Acquired	[1]	Aug. 16, 2013
North Mountain Medical Plaza Phoenix, Arizona
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 297
Initial Costs, Building and Building Improvements	[1]	4,079
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	168
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]	4,247
Total	[1],[2]	4,544
Accumulated Depreciation	[1]	$ (541)
Date of construction	[1]	1,994
Date Acquired	[1]	Aug. 16, 2013
Raider Ranch Development (Lubbock, TX)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 4,992
Initial Costs, Building and Building Improvements	[1]	48,818
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	481
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	12,077
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,473
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	60,895
Total	[1],[2]	66,368
Accumulated Depreciation	[1]	$ (6,256)
Date of construction	[1]	2,009
Date Acquired	[1]	Aug. 29, 2013
Town Village Oklahoma City, Oklahoma
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,020
Initial Costs, Building and Building Improvements	[1]	19,847
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	76
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	1,271
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,096
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,118
Total	[1],[2]	22,214
Accumulated Depreciation	[1]	$ (2,348)
Date of construction	[1]	2,004
Date Acquired	[1]	Aug. 29, 2013
Calvert Medical Arts Center Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 12,030
Initial Costs, Land & Land Improvements	[1]	20
Initial Costs, Building and Building Improvements	[1]	17,838
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	1
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (2,004)
Date of construction	[1]	2,009
Date Acquired	[1]	Aug. 30, 2013
Calvert MOBs I, II, III Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 10,217
Initial Costs, Land & Land Improvements	[1]	51
Initial Costs, Building and Building Improvements	[1]	14,334
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	286
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]	14,620
Total	[1],[2]	14,671
Accumulated Depreciation	[1]	$ (1,667)
Date Acquired	[1]	Aug. 30, 2013
Calvert Medical Office Building I Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	1,991
Calvert Medical Office Building II Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	1,999
Calvert Medical Office Building III Prince Frederick, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,000
Dunkirk Medical Center Dunkirk, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 2,875
Initial Costs, Land & Land Improvements	[1]	351
Initial Costs, Building and Building Improvements	[1]	2,991
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	20
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (441)
Date of construction	[1]	1,997
Date Acquired	[1]	Aug. 30, 2013
Prestige Senior Living Beaverton Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 9,010
Initial Costs, Land & Land Improvements	[1]	1,387
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,135)
Date of construction	[1]	2,000
Date Acquired	[1]	Dec. 2, 2013
Prestige Senior Living High Desert
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 7,887
Initial Costs, Land & Land Improvements	[1]	835
Initial Costs, Building and Building Improvements	[1]	11,252
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	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	[1]	$ (1,286)
Date of construction	[1]	2,003
Date Acquired	[1]	Dec. 2, 2013
MorningStar of Billings
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 19,732
Initial Costs, Land & Land Improvements	[1]	4,067
Initial Costs, Building and Building Improvements	[1]	41,373
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	17
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	80
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,084
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	41,453
Total	[1],[2]	45,537
Accumulated Depreciation	[1]	$ (4,793)
Date of construction	[1]	2,009
Date Acquired	[1]	Dec. 2, 2013
MorningStar of Boise
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 21,142
Initial Costs, Land & Land Improvements	[1]	1,663
Initial Costs, Building and Building Improvements	[1]	35,752
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	12
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	80
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]	35,832
Total	[1],[2]	37,507
Accumulated Depreciation	[1]	$ (3,904)
Date of construction	[1]	2,007
Date Acquired	[1]	Dec. 2, 2013
Prestige Senior Living Huntington Terrace
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 10,107
Initial Costs, Land & Land Improvements	[1]	1,236
Initial Costs, Building and Building Improvements	[1]	12,083
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	2
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	45
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]	12,128
Total	[1],[2]	13,366
Accumulated Depreciation	[1]	$ (1,350)
Date of construction	[1]	2,000
Date Acquired	[1]	Dec. 2, 2013
MorningStar of Idaho Falls
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 17,617
Initial Costs, Land & Land Improvements	[1]	2,006
Initial Costs, Building and Building Improvements	[1]	40,397
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	5
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	159
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]	40,556
Total	[1],[2]	42,567
Accumulated Depreciation	[1]	$ (4,506)
Date of construction	[1]	2,009
Date Acquired	[1]	Dec. 2, 2013
Prestige Senior Living Arbor Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 8,306
Initial Costs, Land & Land Improvements	[1]	355
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,532)
Date of construction	[1]	2,003
Date Acquired	[1]	Dec. 2, 2013
Prestige Senior Living Orchard Heights
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 12,122
Initial Costs, Land & Land Improvements	[1]	545
Initial Costs, Building and Building Improvements	[1]	15,544
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	6
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	81
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]	15,625
Total	[1],[2]	16,176
Accumulated Depreciation	[1]	$ (1,686)
Date of construction	[1]	2,002
Date Acquired	[1]	Dec. 2, 2013
Prestige Senior Living Southern Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 7,560
Initial Costs, Land & Land Improvements	[1]	653
Initial Costs, Building and Building Improvements	[1]	10,753
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	34
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	2
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	687
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,755
Total	[1],[2]	11,442
Accumulated Depreciation	[1]	$ (1,189)
Date of construction	[1]	2,001
Date Acquired	[1]	Dec. 2, 2013
MorningStar of Sparks
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 23,435
Initial Costs, Land & Land Improvements	[1]	3,986
Initial Costs, Building and Building Improvements	[1]	47,968
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	3
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (5,392)
Date of construction	[1]	2,009
Date Acquired	[1]	Dec. 2, 2013
Prestige Senior Living Five Rivers
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 7,752
Initial Costs, Land & Land Improvements	[1]	1,298
Initial Costs, Building and Building Improvements	[1]	14,064
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	5
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	125
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]	14,189
Total	[1],[2]	15,492
Accumulated Depreciation	[1]	$ (1,644)
Date of construction	[1]	2,002
Date Acquired	[1]	Dec. 2, 2013
Prestige Senior Living Riverwood
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 4,576
Initial Costs, Land & Land Improvements	[1]	1,028
Initial Costs, Building and Building Improvements	[1]	7,429
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	80
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]	7,509
Total	[1],[2]	8,537
Accumulated Depreciation	[1]	$ (852)
Date of construction	[1]	1,999
Date Acquired	[1]	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	[1]	$ 2,462
Initial Costs, Building and Building Improvements	[1]	7,453
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	9
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (846)
Date of construction	[1]	1,985
Date Acquired	[1]	Dec. 23, 2013
Coral Springs MOB I
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,614
Initial Costs, Building and Building Improvements	[1]	11,220
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	1
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	23
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]	11,243
Total	[1],[2]	13,858
Accumulated Depreciation	[1]	$ (1,327)
Date of construction	[1]	2,005
Date Acquired	[1]	Dec. 23, 2013
Coral Springs MOB II
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,614
Initial Costs, Building and Building Improvements	[1]	12,130
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	1
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	23
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]	12,153
Total	[1],[2]	14,768
Accumulated Depreciation	[1]	$ (1,327)
Date of construction	[1]	2,008
Date Acquired	[1]	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	[1]	$ 6,130
Initial Costs, Building and Building Improvements	[1]	10,293
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	14
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	285
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]	10,578
Total	[1],[2]	16,722
Accumulated Depreciation	[1]	$ (1,124)
Date of construction	[1]	1,975
Date Acquired	[1]	Jan. 21, 2014
Prestige Senior Living Auburn Meadows
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 10,560
Initial Costs, Land & Land Improvements	[1]	2,537
Initial Costs, Building and Building Improvements	[1]	17,261
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	142
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]	17,403
Total	[1],[2]	19,940
Accumulated Depreciation	[1]	$ (1,855)
Date Acquired	[1]	Feb. 3, 2014
Prestige Senior Living Auburn Meadows One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,003
Prestige Senior Living Auburn Meadows Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,010
Prestige Senior Living Bridgewood
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 13,292
Initial Costs, Land & Land Improvements	[1]	1,603
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,930)
Date of construction	[1]	2,001
Date Acquired	[1]	Feb. 3, 2014
Prestige Senior Living Monticello Park
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 17,752
Initial Costs, Land & Land Improvements	[1]	1,981
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (2,418)
Date Acquired	[1]	Feb. 3, 2014
Prestige Senior Living Rosemont
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 9,330
Initial Costs, Land & Land Improvements	[1]	668
Initial Costs, Building and Building Improvements	[1]	14,564
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	26
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]	14,590
Total	[1],[2]	15,258
Accumulated Depreciation	[1]	$ (1,511)
Date of construction	[1]	2,004
Date Acquired	[1]	Feb. 3, 2014
Prestige Senior Living Monticello Park One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,001
Prestige Senior Living Monticello Park Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,010
Wellmore of Tega Cay
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 28,000
Initial Costs, Land & Land Improvements	[1]	2,445
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	2,740
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	23,440
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,185
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	23,440
Total	[1],[2]	28,625
Accumulated Depreciation	[1]	$ (1,959)
Date of construction	[1]	2,015
Date Acquired	[1]	Feb. 7, 2014
Isle at Cedar Ridge
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,525
Initial Costs, Building and Building Improvements	[1]	16,277
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (1,759)
Date of construction	[1]	2,011
Date Acquired	[1]	Feb. 28, 2014
Prestige Senior Living West Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 8,809
Initial Costs, Land & Land Improvements	[1]	842
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,346)
Date of construction	[1]	2,002
Date Acquired	[1]	Mar. 3, 2014
HarborChase of Plainfield
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,596
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (2,219)
Date of construction	[1]	2,010
Date Acquired	[1]	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	[1]	$ 917
Initial Costs, Building and Building Improvements	[1]	9,982
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	917
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	9,982
Total	[1],[2]	10,899
Accumulated Depreciation	[1]	$ (1,035)
Date of construction	[1]	2,012
Date Acquired	[1]	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	[1]	$ 595
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,000)
Date of construction	[1]	2,012
Date Acquired	[1]	Mar. 28, 2014
Isle at Watercrest - Bryan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 3,223
Initial Costs, Building and Building Improvements	[1]	40,581
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	23
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	703
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,246
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	41,284
Total	[1],[2]	44,530
Accumulated Depreciation	[1]	$ (4,197)
Date of construction	[1]	2,011
Date Acquired	[1]	Apr. 21, 2014
Watercrest at Bryan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 997
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (2,399)
Date of construction	[1]	2,011
Date Acquired	[1]	May 5, 2014
Houston Orthopedic & Spine Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 30,349
Initial Costs, Land & Land Improvements	[1]	3,867
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (3,061)
Date of construction	[1]	2,007
Date Acquired	[1]	Jun. 2, 2014
Houston Orthopedic & Spine Hospital Medical Office Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 16,719
Initial Costs, Land & Land Improvements	[1]	3,738
Initial Costs, Building and Building Improvements	[1]	20,525
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	767
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	202
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,505
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	20,727
Total	[1],[2]	25,232
Accumulated Depreciation	[1]	$ (1,975)
Date of construction	[1]	2,007
Date Acquired	[1]	Jun. 2, 2014
Watercrest at Katy (Katy, Texas)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 26,300
Initial Costs, Land & Land Improvements	[1]	4,000
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	90
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	32,358
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]	32,358
Total	[1],[2]	36,448
Accumulated Depreciation	[1]	$ (1,326)
Date of construction	[1]	2,016
Date Acquired	[1]	Jun. 27, 2014
Watercrest at Mansfield
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 25,676
Initial Costs, Land & Land Improvements	[1]	2,191
Initial Costs, Building and Building Improvements	[1]	42,740
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	55
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]	42,795
Total	[1],[2]	44,986
Accumulated Depreciation	[1]	$ (4,011)
Date of construction	[1]	2,010
Date Acquired	[1]	Jun. 30, 2014
HarborChase Of Shorewood (Shorewood, Wisconsin)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 14,706
Initial Costs, Land & Land Improvements	[1]	2,200
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	296
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (1,101)
Date of construction	[1]	2,015
Date Acquired	[1]	Jul. 8, 2014
Oklahoma City Inpatient Rehabilitation Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 15,426
Initial Costs, Land & Land Improvements	[1]	3,341
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,898)
Date of construction	[1]	2,012
Date Acquired	[1]	Jul. 15, 2014
Las Vegas Inpatient Rehabilitation Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 13,483
Initial Costs, Land & Land Improvements	[1]	2,650
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,693)
Date of construction	[1]	2,007
Date Acquired	[1]	Jul. 15, 2014
South Bend Inpatient Rehabilitation Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 12,242
Initial Costs, Land & Land Improvements	[1]	2,339
Initial Costs, Building and Building Improvements	[1]	16,239
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	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	[1]	$ (1,641)
Date of construction	[1]	2,009
Date Acquired	[1]	Jul. 15, 2014
Beaumont Specialty Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 20,322
Initial Costs, Land & Land Improvements	[1]	2,749
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (2,658)
Date of construction	[1]	2,013
Date Acquired	[1]	Aug. 15, 2014
Hurst Specialty Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 17,822
Initial Costs, Land & Land Improvements	[1]	2,510
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (2,221)
Date Acquired	[1]	Aug. 15, 2014
Hurst Specialty Hospital One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,004
Hurst Specialty Hospital Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,012
Claremont Medical Office
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 14,643
Initial Costs, Land & Land Improvements	[1]	6,324
Initial Costs, Building and Building Improvements	[1]	13,533
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	35
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]	13,568
Total	[1],[2]	19,892
Accumulated Depreciation	[1]	$ (1,329)
Date of construction	[1]	2,008
Date Acquired	[1]	Aug. 29, 2014
Lee Hughes Medical Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 17,572
Initial Costs, Land & Land Improvements	[1]	69
Initial Costs, Building and Building Improvements	[1]	22,967
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	216
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]	23,183
Total	[1],[2]	23,252
Accumulated Depreciation	[1]	$ (1,932)
Date of construction	[1]	2,008
Date Acquired	[1]	Sep. 29, 2014
Newburyport Medical Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,614
Initial Costs, Building and Building Improvements	[1]	12,135
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	36
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]	12,135
Total	[1],[2]	14,785
Accumulated Depreciation	[1]	$ (1,173)
Date of construction	[1]	2,008
Date Acquired	[1]	Oct. 31, 2014
Northwest Medical Park
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 6,765
Initial Costs, Land & Land Improvements	[1]	610
Initial Costs, Building and Building Improvements	[1]	6,170
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	139
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]	6,309
Total	[1],[2]	6,919
Accumulated Depreciation	[1]	$ (630)
Date of construction	[1]	2,004
Date Acquired	[1]	Oct. 31, 2014
Fairfield Village of Layton
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 5,217
Initial Costs, Building and Building Improvements	[1]	54,167
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	12
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	5
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,229
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	54,172
Total	[1],[2]	59,401
Accumulated Depreciation	[1]	$ (4,745)
Date of construction	[1]	2,010
Date Acquired	[1]	Nov. 20, 2014
ProMed Building I
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 6,673
Initial Costs, Land & Land Improvements	[1]	2,486
Initial Costs, Building and Building Improvements	[1]	6,728
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	49
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]	6,777
Total	[1],[2]	9,263
Accumulated Depreciation	[1]	$ (603)
Date of construction	[1]	2,006
Date Acquired	[1]	Dec. 19, 2014
Midtown Medical Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 27,477
Initial Costs, Land & Land Improvements	[1]	10
Initial Costs, Building and Building Improvements	[1]	51,237
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	590
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]	51,827
Total	[1],[2]	51,837
Accumulated Depreciation	[1]	$ (3,943)
Date of construction	[1]	1,994
Date Acquired	[1]	Dec. 22, 2014
Presbyterian Medical Tower
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 18,264
Initial Costs, Land & Land Improvements	[1]	40
Initial Costs, Building and Building Improvements	[1]	32,345
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	196
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]	32,541
Total	[1],[2]	32,581
Accumulated Depreciation	[1]	$ (2,500)
Date of construction	[1]	1,989
Date Acquired	[1]	Dec. 22, 2014
Metroview Professional Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 8,676
Initial Costs, Land & Land Improvements	[1]	11
Initial Costs, Building and Building Improvements	[1]	15,910
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	97
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]	16,007
Total	[1],[2]	16,018
Accumulated Depreciation	[1]	$ (1,230)
Date of construction	[1]	1,971
Date Acquired	[1]	Dec. 22, 2014
Physicians Plaza Huntersville
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 15,251
Initial Costs, Land & Land Improvements	[1]	520
Initial Costs, Building and Building Improvements	[1]	26,134
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	112
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]	26,246
Total	[1],[2]	26,766
Accumulated Depreciation	[1]	$ (2,114)
Date of construction	[1]	2,004
Date Acquired	[1]	Dec. 22, 2014
Matthews Medical Office Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 10,701
Initial Costs, Land & Land Improvements	[1]	350
Initial Costs, Building and Building Improvements	[1]	19,624
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	25
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]	19,649
Total	[1],[2]	19,999
Accumulated Depreciation	[1]	$ (1,580)
Date of construction	[1]	1,994
Date Acquired	[1]	Dec. 22, 2014
Outpatient Care Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 10,021
Initial Costs, Land & Land Improvements	[1]	1,169
Initial Costs, Building and Building Improvements	[1]	12,079
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	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	[1]	$ (953)
Date of construction	[1]	2,012
Date Acquired	[1]	Dec. 22, 2014
Clyde, NC ("Asheville") 330 Physicians Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 18,610
Initial Costs, Land & Land Improvements	[1]	12
Initial Costs, Building and Building Improvements	[1]	26,868
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]	26,868
Total	[1],[2]	26,880
Accumulated Depreciation	[1]	$ (2,069)
Date Acquired	[1]	Dec. 22, 2014
Clyde, NC ("Asheville") 330 Physicians Center one
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	1,987
Clyde, NC ("Asheville") 330 Physicians Center Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,005
Spivey Station Physicians Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 9,114
Initial Costs, Land & Land Improvements	[1]	1,026
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,033)
Date of construction	[1]	2,007
Date Acquired	[1]	Dec. 22, 2014
Spivey Station ASC Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 11,635
Initial Costs, Land & Land Improvements	[1]	929
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,142)
Date of construction	[1]	2,009
Date Acquired	[1]	Dec. 22, 2014
Novi Orthopaedic Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 19,825
Initial Costs, Land & Land Improvements	[1]	1,314
Initial Costs, Building and Building Improvements	[1]	26,239
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	30
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	26
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]	26,265
Total	[1],[2]	27,609
Accumulated Depreciation	[1]	$ (2,222)
Date of construction	[1]	2,008
Date Acquired	[1]	Feb. 13, 2015
UT Cancer Institute Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 20,116
Initial Costs, Land & Land Improvements	[1]	421
Initial Costs, Building and Building Improvements	[1]	27,621
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	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	[1]	$ (2,086)
Date of construction	[1]	2,012
Date Acquired	[1]	Feb. 20, 2015
Fieldstone Memory Care
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,297
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (777)
Date of construction	[1]	2,014
Date Acquired	[1]	Mar. 31, 2015
Bend Memorial Clinic MOB
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 9,069
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,640)
Date of construction	[1]	1,976
Date Acquired	[1]	May 11, 2015
Stoneterra Medical Plaza
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,864
Initial Costs, Building and Building Improvements	[1]	10,412
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	23
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]	10,435
Total	[1],[2]	13,299
Accumulated Depreciation	[1]	$ (773)
Date of construction	[1]	2,006
Date Acquired	[1]	May 29, 2015
Primrose Retirement Center of Anderson
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,342
Initial Costs, Building and Building Improvements	[1]	19,083
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	33
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]	19,116
Total	[1],[2]	20,458
Accumulated Depreciation	[1]	$ (1,393)
Date of construction	[1]	2,008
Date Acquired	[1]	May 29, 2015
Primrose Retirement Center of Lancaster
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,840
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,757)
Date of construction	[1]	2,007
Date Acquired	[1]	May 29, 2015
Primrose Retirement Center of Wausau
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,089
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,307)
Date of construction	[1]	2,008
Date Acquired	[1]	May 29, 2015
Triangle Orthopaedic Durham
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 12,690
Initial Costs, Land & Land Improvements	[1]	3,191
Initial Costs, Building and Building Improvements	[1]	14,523
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	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	[1]	$ (1,070)
Date of construction	[1]	2,000
Date Acquired	[1]	Jun. 29, 2015
Triangle Orthopaedic Roxboro
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 1,289
Initial Costs, Land & Land Improvements	[1]	287
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (111)
Date of construction	[1]	2,000
Date Acquired	[1]	Jun. 29, 2015
Triangle Orthopaedic Chapel Hill
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 1,884
Initial Costs, Land & Land Improvements	[1]	360
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (165)
Date of construction	[1]	2,011
Date Acquired	[1]	Jun. 29, 2015
Triangle Orthopaedic Oxford
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 2,776
Initial Costs, Land & Land Improvements	[1]	658
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (241)
Date of construction	[1]	2,011
Date Acquired	[1]	Jun. 29, 2015
North Carolina Specialty Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 18,837
Initial Costs, Land & Land Improvements	[1]	3,173
Initial Costs, Building and Building Improvements	[1]	22,762
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	14
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]	22,776
Total	[1],[2]	25,949
Accumulated Depreciation	[1]	$ (1,575)
Date of construction	[1]	2,004
Date Acquired	[1]	Jun. 29, 2015
Doctor's Park Building B
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,161
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (214)
Date of construction	[1]	2,008
Date Acquired	[1]	Jun. 30, 2015
Doctor's Park Building C
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,323
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (459)
Date of construction	[1]	2,006
Date Acquired	[1]	Jun. 30, 2015
Superior Residences of Panama City
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,099
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,363)
Date of construction	[1]	2,015
Date Acquired	[1]	Jul. 15, 2015
540 New Waverly Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 6,665
Initial Costs, Land & Land Improvements	[1]	2,476
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (789)
Date of construction	[1]	2,007
Date Acquired	[1]	Jul. 20, 2015
MedHelp
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,270
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (688)
Date of construction	[1]	2,015
Date Acquired	[1]	Jul. 31, 2015
Patriot Professional Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 3,912
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (849)
Date Acquired	[1]	Jul. 31, 2015
Patriot Professional Center One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,006
Patriot Professional Center Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,014
Liberty Professional Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,977
Initial Costs, Building and Building Improvements	[1]	4,462
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	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	[1]	$ (316)
Date Acquired	[1]	Jul. 31, 2015
Liberty Professional Center One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	1,979
Liberty Professional Center Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,013
The Hampton at Meadows Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 715
Initial Costs, Building and Building Improvements	[1]	24,281
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	34
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]	24,315
Total	[1],[2]	25,030
Accumulated Depreciation	[1]	$ (1,533)
Date Acquired	[1]	Jul. 31, 2015
The Hampton at Meadows Place One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,007
The Hampton at Meadows Place Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,013
The Hampton at Meadows Place Three
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,014
The Pavilion at Great Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,783
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,867)
Date of construction	[1]	2,010
Date Acquired	[1]	Jul. 31, 2015
The Beacon at Gulf Breeze
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 824
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,581)
Date of construction	[1]	2,008
Date Acquired	[1]	Jul. 31, 2015
Parc at Piedmont
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 3,529
Initial Costs, Building and Building Improvements	[1]	43,080
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	16
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]	43,096
Total	[1],[2]	46,625
Accumulated Depreciation	[1]	$ (2,837)
Date Acquired	[1]	Jul. 31, 2015
Parc at Piedmont One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,001
Parc at Piedmont Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,011
Parc at Duluth
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 5,951
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (2,792)
Date Acquired	[1]	Jul. 31, 2015
Parc at Duluth One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,003
Parc at Duluth Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,012
Broadway Medical Plaza 1
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 437
Initial Costs, Building and Building Improvements	[1]	9,281
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	135
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]	9,416
Total	[1],[2]	9,853
Accumulated Depreciation	[1]	$ (624)
Date of construction	[1]	1,994
Date Acquired	[1]	Aug. 21, 2015
Broadway Medical Plaza 2
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 386
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (806)
Date of construction	[1]	1,999
Date Acquired	[1]	Aug. 21, 2015
Broadway Medical Plaza 4
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 170
Initial Costs, Building and Building Improvements	[1]	12,118
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	86
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]	12,204
Total	[1],[2]	12,374
Accumulated Depreciation	[1]	$ (751)
Date of construction	[1]	2,007
Date Acquired	[1]	Aug. 21, 2015
Waterstone on Augusta (Greenville, SC)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 18,302
Initial Costs, Land & Land Improvements	[1]	2,253
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	2,064
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	20,770
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,317
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	20,770
Total	[1],[2]	25,087
Accumulated Depreciation	[1]	$ (502)
Date of construction	[1]	2,017
Date Acquired	[1]	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	[1]	$ 1,050
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	1,348
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	9,901
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,398
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	9,901
Total	[1],[2]	12,299
Accumulated Depreciation	[1]	$ (286)
Date of construction	[1]	2,017
Date Acquired	[1]	Sep. 4, 2015
Wellmore of Lexington (Lexington, SC)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 33,423
Initial Costs, Land & Land Improvements	[1]	2,300
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	3,143
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	43,081
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,443
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	43,081
Total	[1],[2]	48,524
Accumulated Depreciation	[1]	$ (657)
Date of construction	[1]	2,017
Date Acquired	[1]	Sep. 14, 2015
Palmilla Senior Living
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 26,799
Initial Costs, Land & Land Improvements	[1]	4,701
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (2,362)
Date of construction	[1]	2,013
Date Acquired	[1]	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	[1]	$ 2,412
Initial Costs, Building and Building Improvements	[1]	25,126
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,412
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	25,126
Total	[1],[2]	27,538
Accumulated Depreciation	[1]	$ (1,546)
Date of construction	[1]	2,014
Date Acquired	[1]	Sep. 30, 2015
Fieldstone at Pear Orchard (Yakima, Washington)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 10,900
Initial Costs, Land & Land Improvements	[1]	1,035
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	96
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	13,486
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,131
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,486
Total	[1],[2]	14,617
Accumulated Depreciation	[1]	$ (379)
Date of construction	[1]	2,016
Date Acquired	[1]	Oct. 12, 2015
The Shores of Lake Phalen
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,724
Initial Costs, Building and Building Improvements	[1]	25,093
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	10
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,734
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	25,093
Total	[1],[2]	27,827
Accumulated Depreciation	[1]	$ (1,474)
Date of construction	[1]	2,012
Date Acquired	[1]	Nov. 10, 2015
Dogwood Forest of Grayson (Grayson, GA)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 15,628
Initial Costs, Land & Land Improvements	[1]	1,788
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	109
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	22,257
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,897
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	22,257
Total	[1],[2]	24,154
Accumulated Depreciation	[1]	$ (335)
Date of construction	[1]	2,017
Date Acquired	[1]	Nov. 24, 2015
Center One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 8,294
Initial Costs, Building and Building Improvements	[1]	21,756
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	1
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	153
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	8,295
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,909
Total	[1],[2]	30,204
Accumulated Depreciation	[1]	$ (1,310)
Date of construction	[1]	2,006
Date Acquired	[1]	Nov. 30, 2015
Red Bank Professional Office Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,721
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (455)
Date of construction	[1]	2,001
Date Acquired	[1]	Dec. 14, 2015
Park Place Senior Living at WingHaven
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,283
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (2,539)
Date Acquired	[1]	Dec. 17, 2015
Park Place Senior Living at WingHaven One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,006
Park Place Senior Living at WingHaven Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[1]	2,014
Siena Pavilion IV
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,454
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (280)
Date of construction	[1]	2,002
Date Acquired	[1]	Dec. 18, 2015
Siena Pavilion V
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 3,944
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,168)
Date of construction	[1]	2,003
Date Acquired	[1]	Dec. 18, 2015
Siena Pavilion VI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 2,599
Initial Costs, Building and Building Improvements	[1]	18,725
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[1]	43
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]	18,768
Total	[1],[2]	21,367
Accumulated Depreciation	[1]	$ (1,011)
Date of construction	[1]	2,005
Date Acquired	[1]	Dec. 18, 2015
Hearthside Senior Living of Collierville
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,756
Initial Costs, Building and Building Improvements	[1]	13,379
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[1]	7
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,763
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,379
Total	[1],[2]	15,142
Accumulated Depreciation	[1]	$ (748)
Date of construction	[1]	2,014
Date Acquired	[1]	Dec. 29, 2015
Cobalt Rehabilitation Hospital Surprise
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 15,167
Initial Costs, Land & Land Improvements	[1]	2,464
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (1,021)
Date of construction	[1]	2,015
Date Acquired	[1]	Dec. 30, 2015
Cobalt Rehabilitation Hospital New Orleans
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[1]	$ 19,421
Initial Costs, Land & Land Improvements	[1]	3,283
Initial Costs, Building and Building Improvements	[1]	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	[1]	$ (639)
Date of construction	[1]	2,016
Date Acquired	[1]	Oct. 19, 2016
Albuquerque, New Mexico - Unimproved Land
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[1]	$ 1,056
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,056
Total	[1],[2]	$ 1,056
Date Acquired	[1]	Sep. 7, 2017
[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.

Schedule III-Real Estate And102

Schedule III-Real Estate And Accumulated Depreciation Transactions in Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Real Estate gross carrying value, Beginning Balance	$ 2,692,074		$ 2,588,903	$ 1,721,429
Acquisitions	1,056		23,425	802,456
Improvements	28,675		97,767	65,018
Dispositions			(18,021)
Real Estate gross carrying value, Ending Balance	2,721,805	[1],[2]	2,692,074	2,588,903
Real Estate accumulated depreciation, Beginning Balance	(153,124)		(90,201)	(40,467)
Depreciation	(66,333)		(63,745)	(49,734)
Accumulated depreciation on dispositions			822
Real Estate accumulated depreciation, Ending Balance	$ (219,457)	[1]	$ (153,124)	$ (90,201)
[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.

Schedule III-Real Estate And103

Schedule III-Real Estate And Accumulated Depreciation (Parenthetical) (Detail) $ in Billions	12 Months Ended
	Dec. 31, 2017USD ($)
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 O104

Schedule IV-Mortgage Loans On Real Estate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at beginning of year	$ 0	$ 0	$ 0
New mortgage loans and additional advances	1,168	0	0
Accrued and deferred interest	11	0	0
Collection of principal	0	0	0
Balance at end of year	$ 1,179	$ 0	$ 0