CNL Healthcare Properties (CHTH) 10-K 26 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2019	Mar. 25, 2020	Jun. 30, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	CNL Healthcare Properties, Inc.
Entity Central Index Key	0001496454
Entity Current Reporting Status	Yes
Entity Well Known Seasoned Issuer	No
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	000-54685
Entity Tax Identification Number	27-2876363
Entity Address, Address Line One	CNL Center at City Commons
Entity Address, Address Line Two	450 South Orange Avenue
Entity Address, City or Town	Orlando
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32801
City Area Code	407
Local Phone Number	650-1000
Entity Common Stock, Shares Outstanding		173,960,540
Entity Public Float			$ 1.4
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	MD
Document Annual Report	true
Document Transition Report	false
Title of 12(g) Security	Common Stock, $0.01 par value per share
No Trading Symbol Flag	true
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE None

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
ASSETS
Real estate investment properties, net (including VIEs $45,329 and $146,341, respectively)		$ 1,412,595	$ 1,455,149
Assets held for sale, net (including VIEs $0 and $39,601, respectively)		111,894	1,147,645
Cash (including VIEs $1,024 and $342, respectively)		42,350	57,109
Other assets (including VIEs $577 and $678, respectively)		27,049	23,488
Deferred rent and lease incentives (including VIEs $0 and $7,160, respectively)		15,331	14,763
Restricted cash (including VIEs $76 and $208, respectively)		5,997	6,119
Intangibles, net		1,220	1,614
Total assets		1,616,436	2,705,887
Liabilities:
Mortgages and other notes payable, net (including VIEs $29,148 and $102,578, respectively)		375,928	530,644
Credit facilities		302,950	425,613
Liabilities associated with assets held for sale (including VIEs $0 and $30,695, respectively)		1,113	774,019
Accounts payable and accrued liabilities (including VIEs $1,286 and $784, respectively)		24,530	21,882
Other liabilities (including VIEs $219 and $1,321, respectively)		8,609	8,548
Due to related parties	[1]	2,275	3,255
Total liabilities		715,405	1,763,961
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest		558	579
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,186,626 and 186,626 shares issued, and 173,963 and 173,963 shares outstanding, respectively		1,740	1,740
Capital in excess of par value		1,516,926	1,516,543
Accumulated income (loss)		120,831	(233,847)
Accumulated distributions		(740,239)	(345,347)
Accumulated other comprehensive (loss) income		(36)	1,177
Total stockholders' equity		899,222	940,266
Noncontrolling interest		1,251	1,081
Total equity		901,031	941,926
Total liabilities and equity		$ 1,616,436	$ 2,705,887
[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, 2019	Dec. 31, 2018
Real estate investment properties, net	$ 1,412,595	$ 1,455,149
Assets held for sale, net	111,894	1,147,645
Cash	42,350	57,109
Other assets	27,049	23,488
Deferred rent and lease incentives	15,331	14,763
Restricted cash	5,997	6,119
Mortgages and other notes payable, net	375,928	530,644
Liabilities associated with assets held for sale	1,113	774,019
Accounts payable and accrued liabilities	24,530	21,882
Other liabilities	$ 8,609	$ 8,548
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	186,626,000	186,626,000
Common stock, shares outstanding	173,960,000	173,963,000
VIEs
Real estate investment properties, net	$ 45,329	$ 146,341
Assets held for sale, net	0	39,601	[1]
Cash	1,024	342
Other assets	577	678
Deferred rent and lease incentives	0	7,160
Restricted cash	76	208
Mortgages and other notes payable, net	29,148	102,578
Liabilities associated with assets held for sale	0	30,695	[1]
Accounts payable and accrued liabilities	1,286	784
Other liabilities	$ 219	$ 1,321
[1]	Refer to Note 6. “Assets and Associated Liabilities Held For Sale and Discontinued Operations” for additional information.

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Rental income and related revenues	$ 33,547	$ 34,971	$ 35,807
Resident fees and services	$ 288,344	$ 276,623	$ 248,900
Type of revenue [extensible list]	us-gaap:HealthCareResidentServiceMember	us-gaap:HealthCareResidentServiceMember	us-gaap:HealthCareResidentServiceMember
Total revenues	$ 321,891	$ 311,594	$ 284,707
Operating expenses:
Property operating expenses	188,535	181,299	164,866
General and administrative	13,158	12,839	11,924
Financing coordination fees	1,878		2,748
Depreciation and amortization	49,823	54,130	64,377
Impairment provision	0	7,922	0
Total operating expenses	284,532	288,654	276,116
Gain on sale of real estate	432	1,049
Operating income	37,791	23,989	8,591
Other income (expense):
Interest and other income	1,531	335	133
Interest expense and loan cost amortization	(39,405)	(41,924)	(36,104)
Equity in earnings of unconsolidated entity	731	489	403
Total other expense	(37,143)	(41,100)	(35,568)
Income (loss) before income tax	648	(17,111)	(26,977)
Income tax (expense) benefit	(2,189)	(3,631)	8,438
Loss from continuing operations	(1,541)	(20,742)	(18,539)
Income (loss) from discontinued operations	353,337	(4,409)	(7,773)
Net income (loss)	351,796	(25,151)	(26,312)
Less: Amounts attributable to noncontrolling interest
Net income (loss) from continuing operations	35	(85)	(341)
Net income (loss) from discontinued operations	265	6	(9)
Net income (loss) attributable to common stockholders	$ 351,496	$ (25,072)	$ (25,962)
Net income (loss) per share of common stock (basic and diluted)
Continuing operations	$ (0.01)	$ (0.12)	$ (0.11)
Discontinued operations	$ 2.03	$ (0.03)	$ (0.04)
Weighted average number of shares of common stock outstanding (basic and diluted)	173,963	174,247	175,151
Asset Management Fees
Operating expenses:
Asset /Property management fees	$ 18,298	$ 18,389	$ 17,600
Property Management Fees
Operating expenses:
Asset /Property management fees	$ 12,840	$ 14,075	$ 14,601

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 351,796	$ (25,151)	$ (26,312)
Other comprehensive income (loss):
Unrealized (loss) gain on derivative financial instruments, net	(980)	1,909	6,586
Reclassification of interest rate swaps upon derecognition	(509)	253	318
Reclassification of interest rate caps upon derecognition	265		(26)
Unrealized loss on derivative financial instruments of equity method investments	11
Total other comprehensive (loss) income	(1,213)	2,162	6,878
Comprehensive income (loss)	350,583	(22,989)	(19,434)
Less: Comprehensive income (loss) attributable to noncontrolling interest	300	(79)	(350)
Comprehensive income (loss) attributable to common stockholders	$ 350,283	$ (22,910)	$ (19,084)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND REDEEMABLE NONCONTROLLING INTEREST - USD ($) shares in Thousands, $ in Thousands	Total	Redeemable Noncontrolling Interest	Common Stock	Capital in Excess of Par Value	Accumulated (Loss) Income	Accumulated Distributions	Accumulated Other Comprehensive Income (Loss)	Total Stockholders' Equity	Non- controlling Interest
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
Beginning Balance (in shares) at Dec. 31, 2016			175,070
Subscriptions received for common stock through reinvestment plan	43,220		$ 43	43,177				43,220
Subscriptions received for common stock through reinvestment plan (in shares)			4,304
Redemptions of common stock	(47,332)		$ (47)	(47,285)				(47,332)
Redemptions of common stock, shares			(4,740)
Net income (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)
Distributions to holders of promoted interest	(955)			(955)				(955)
Cash distributions declared	(77,732)					(77,732)		(77,732)
Contribution from noncontrolling interests	110	50							60
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
Subscriptions received for common stock through reinvestment plan	22,013		$ 21	21,992				22,013
Subscriptions received for common stock through reinvestment plan (in shares)			2,133
Redemptions of common stock	(28,443)		$ (28)	(28,415)				(28,443)
Redemptions of common stock, shares			(2,804)
Net income (loss)	(25,151)	(16)			(25,072)			(25,072)	(63)
Other comprehensive income (loss)	2,162						2,162	2,162
Distribution to noncontrolling interest	(30)	(15)							(15)
Distributions to holders of promoted interest	(406)			(406)				(406)
Cash distributions declared	(81,064)					(81,064)		(81,064)
Contribution from noncontrolling interests	185	185
Balance at Dec. 31, 2018	$ 941,926	579	$ 1,740	1,516,543	(233,847)	(345,347)	1,177	940,266	1,081
Ending Balance (in shares) at Dec. 31, 2018	173,963		173,963
Adoption of Lease ASU (refer to Note 2) | Adoption of ASC 842	$ 3,182				3,182			3,182
Redemptions of common stock	(23)			(23)				(23)
Redemptions of common stock, shares			(3)
Net income (loss)	351,796	25			351,496			351,496	275
Other comprehensive income (loss)	(1,213)						(1,213)	(1,213)
Distribution to noncontrolling interest	(682)	(46)							(636)
Distributions to holders of promoted interest	406			406				406
Cash distributions declared	(394,892)					(394,892)		(394,892)
Contribution from noncontrolling interests	531								531
Balance at Dec. 31, 2019	$ 901,031	$ 558	$ 1,740	$ 1,516,926	$ 120,831	$ (740,239)	$ (36)	$ 899,222	$ 1,251
Ending Balance (in shares) at Dec. 31, 2019	173,960		173,960

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Stockholders Equity [Abstract]
Cash distributions, declared per share	$ 2.26999	$ 0.46556	$ 0.44440

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating activities:
Net income (loss)	$ 351,796	$ (25,151)	$ (26,312)
Net income (loss) from discontinued operations	353,337	(4,409)	(7,773)
Net loss from continuing operations	(1,541)	(20,742)	(18,539)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	49,823	54,130	64,377
Amortization of loan costs	2,509	2,284	2,261
Amortization of above and below market intangibles	(42)	(41)	(38)
Straight-line rent adjustments	733	(2,219)	(2,521)
Deferred income tax benefit	1,682	3,267	(9,131)
Loss on extinguishment of debt	804	96	10
Impairment provision		7,922
Gain on sale of real estate	(432)	(1,049)
Other non-cash operating activities	2,189	725	(751)
Changes in operating assets and liabilities:
Other assets	(6,788)	(1,392)	(1,006)
Deferred rent and lease incentives		(12)	(2,960)
Accounts payable and accrued liabilities	2,484	(3,992)	6,714
Other liabilities	(350)	399	2,275
Due to related parties	(977)	(688)	476
Net cash flows provided by operating activities - continuing operations	50,094	38,688	41,167
Gain on sale of real estate	(336,074)
Depreciation and amortization		31,962	43,567
Straight-line rent adjustments	(1,242)	89	1,542
Loss on extinguishment of debt	2,547		229
Changes in operating assets and liabilities
Accounts payable and accrued liabilities	(6,551)	598	1,001
Other liabilities	(3,811)	(107)	(3,109)
Other operating activities	1,650	439	(1,378)
Net cash flows provided by operating activities - discontinued operations	9,856	28,572	34,079
Net cash flows provided by operating activities	59,950	67,260	75,246
Investing activities:
Acquisition of properties			(1,056)
Development of properties		(1,658)	(47,887)
Proceeds from sale of real estate	5,989	5,761
Capital expenditures	(6,336)	(9,789)	(8,516)
Other investing activities	1,676	173	(1,264)
Net cash provided by (used in) investing activities - continuing operations	1,329	(5,513)	(58,723)
Proceeds from sale of real estate	1,354,461
Capital expenditures	(1,539)	(2,789)	(5,127)
Development properties		(3,487)
Other investing activities	(723)	(2,593)	(695)
Net cash provided by (used in) investing activities - discontinued operations	1,352,199	(8,869)	(5,822)
Net cash provided by (used in) investing activities	1,353,528	(14,382)	(64,545)
Financing activities:
Distributions to stockholders, net of distribution reinvestments	(394,892)	(59,051)	(34,512)
Redemptions of common stock	(23)	(40,153)	(46,019)
Distribution to holder of promoted interest		(955)	(2,000)
Draws under credit facilities	95,000	102,000	52,000
Repayments on credit facilities	(464,125)	(59,875)	(64,863)
Proceeds from mortgage and other notes payable	21,452	65,878	166,306
Principal payments on mortgage and other notes payable	(680,864)	(67,979)	(71,543)
Contingent purchase price consideration payments			(3,645)
Payment of loan costs	(6,413)	(1,590)	(2,988)
Other financing activities	(577)	(343)	16
Net cash flows used in financing activities	(1,430,442)	(62,068)	(7,248)
Net (decrease) increase in cash and restricted cash	(16,964)	(9,190)	3,453
Cash and restricted cash at beginning of period, including assets held for sale	65,501	74,691	71,238
Cash and restricted cash at end of period, including assets held for sale	48,537	65,501	74,691
Supplemental disclosure of cash flow information (continuing operations):
Cash paid for interest, net of capitalized interest of approximately $0.0 million, $0.0 million and $1.9 million, respectively	38,961	38,734	33,283
Cash paid for income taxes	628	796	688
Amounts incurred but not paid (including amounts due to related parties):
Accrued development costs	$ 291	291	450
Redemptions payable			11,711
Distribution to holder of promoted interest		$ 406	$ 955

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement Of Cash Flows [Abstract]
Interest paid, capitalized	$ 0	$ 0	$ 1.9

Organization

Organization	12 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES YEAR ENDED DECEMBER 31, 2019 1. Organization The Company is a Maryland corporation that 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’s intention is to be organized and operate in a manner that allows it to remain qualified as a REIT for federal income tax purposes. The Company conducts substantially all of its operations either directly or indirectly through: (1) an Operating Partnership, 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. The Company is externally managed and advised by the Advisor. The Company’s properties were also managed by the Property Manager through June 28, 2018 as the property management agreement with the Property Manager was not renewed. Subsequently, the responsibilities previously undertaken by the Property Manager have been performed by the Advisor. Both the Advisor and Property Manager are affiliates of the Sponsor. The Advisor is responsible for managing the Company’s day-to-day operations, serving as a consultant in connection with policy decisions to be made by the board of directors, and for identifying, recommending and executing acquisitions (through the completion of the Company’s acquisition phase in 2016) and dispositions on the Company’s behalf pursuant to an advisory agreement among the Company, the Operating Partnership and the Advisor. Substantially all of the Company’s acquisition services were, and substantially all of the Company’s operating, administrative and certain property management services are provided by affiliates of the Advisor. In addition, third-party sub-property managers have been engaged to provide certain property management services. 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. Through the close of its Offerings, the Company received aggregate subscription proceeds of approximately $1.7 billion. 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 million shares that it 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 the Reinvestment Plan. Effective July 11, 2018, the Company suspended both its Reinvestment Plan and its Redemption Plan. The Company substantially completed its acquisition stage in 2016. In 2017, the Company began evaluating Possible Strategic Alternatives to provide liquidity to its stockholders. In April 2018, the Company’s board of directors formed a Special Committee to consider Possible Strategic Alternatives, including, but not limited to (i) the listing of the Company’s or one of its subsidiaries’ common stock on a national securities exchange, (ii) an orderly disposition of the Company’s assets or one or more of the Company’s asset classes and the distribution of the net sale proceeds thereof to the stockholders of the Company and (iii) a potential business combination or other transaction with a third-party or parties that provides the stockholders of the Company with cash and/or securities of a publicly traded company. During 2018, the Special Committee engaged HFF Securities L.P. (through June 2019) and KeyBanc Capital Markets Inc. to act as financial advisors to the aforementioned Special Committee. As of December 2018, as part of executing on Possible Strategic Alternatives, the Company had committed to a plan to sell a total of 70 properties including the MOB/Healthcare Portfolio (consisting of 63 MOBs, post-acute care facilities and acute care hospitals across the US), Welbrook Senior Living Grand Junction (a skilled nursing facility in Colorado) and the Perennial Communities (six skilled nursing facilities in Arkansas). During the year ended December 31, 2019, the Company sold 61 of the properties. As of December 31, 2019 the Company had nine remaining properties classified as held for sale, seven of which were under contract to sell and were ultimately sold in February and March 2020. Refer to Note 6. “Assets and Associated Liabilities Held for Sale and Discontinued Operations” and Note 18. “Subsequent Events” for additional information. 1. Organization (continued) As of December 31, 2019, the Company’s healthcare investment portfolio was geographically diversified with properties in 27 states. As of December 31, 2019, the Company’s healthcare investment portfolio, including the nine properties classified as held for sale, consisted of interests in 81 properties, including 72 seniors housing properties, seven post-acute care facilities and two acute care hospitals. 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 the RIDEA structures; however, the Company has also leased some of 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). In addition, most of the Company’s investments have been wholly owned, although, it has, to a lesser extent, invested through partnerships with other entities where it was believed to be appropriate and beneficial. The Company has and continues to invest in properties that have not reached full stabilization. During February and March 2020, the Company sold seven of the nine remaining properties that had been classified as held for sale as of December 31, 2019. Refer to Note 18. “Subsequent Events” for additional information.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. 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 analysis of real estate impairments, the valuation of contingent assets and liabilities, and the valuation of restricted stock shares issued to the Advisor. Accordingly, actual results could differ from those estimates. 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. 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 value and the decline in value is determined to be other than a temporary decline. 2. Summary of Significant Accounting Policies (continued) Assets Held For Sale, net and Discontinued Operations — The Company determines to classify a 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 assets 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. For any disposal(s) qualifying as discontinued operations, the Company allocates interest expense and loan cost amortization that directly relates to either: (1) expense on mortgages and other notes payable collateralized by properties classified as discontinued operations; or (2) expense on the Company’s Credit Facilities, which is allocated based on the value of the properties that are classified as discontinued operations since these properties are included in the Credit Facilities’ unencumbered pool of assets and the related indebtedness is required to be repaid upon sale of the properties. 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, 2019, 2018 and 2017, the Company incurred interest expense and loan cost amortization of approximately $54.3 million, $75.0 million and $68.3 million, respectively, of which approximately $0.03 million, $0.06 million and $2.1 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. As of December 31, 2019, 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 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, 2019 and 2018, the accumulated amortization of loan costs was approximately $8.1 million and $13.1 million, respectively. Deferred Lease-Related Costs — The Company deferred lease-related costs that it incurred to obtain new or extend existing leases. The Company amortized these costs using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease was terminated or modified prior to its scheduled expiration, the Company recognized a loss on lease termination related to the unamortized deferred lease-related costs not deemed to be recoverable. Revenue Recognition — Rental income and related revenues 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. Rental income and related revenues also includes amounts for which tenants are required to reimburse the Company related to expenses incurred on behalf of the tenants, in accordance with the terms of the leases. Tenant reimbursements 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) 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 such amounts are earned and are included in rental income and related revenues in the accompanying consolidated statement of operations. Additional percentage rent that is due contingent upon tenant performance thresholds, such as gross revenues, is deferred until the underlying performance thresholds have been achieved. Resident fees and services are operating revenues relating to the Company’s managed seniors housing properties, which are operated under RIDEA structures. Resident fees and services directly relate to the provision of monthly goods and services that are generally bundled together under a single resident agreement. The Company accounts for its resident agreements as a single performance obligation under ASC 606 given the Company’s overall promise to provide a series of stand-ready goods and services to its residents each month. Resident fees and services are recorded in the period in which the goods are provided and 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. Resident agreements are generally short-term in nature, billed monthly in advance and cancelable by the residents with a 30-day notice. Resident agreements may require the payment of upfront fees prior to moving into the community with any non-refundable portion of such fees being recorded as deferred revenue and amortized over the estimated resident stay. Reclassifications — Certain amounts in the prior years’ consolidated balance sheet, statements of operations and statements of cash flows have been reclassified to conform to the current year’s presentation, primarily related to classification of certain properties as held for sale and/or discontinued operations, with no effect on the other previously reported consolidated financial statements. In addition, certain amounts in the statements of operations have been reclassified to change the presentation of Company’s gain on sale of real estate and include it as a component of operating income in accordance with ASC 360-10-45-5 as a result of the SEC’s elimination of Rule 3-15(a) of Regulation S-X. 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. 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 being included in equity in earnings (loss) of unconsolidated entity in the accompanying consolidated statements of operations. 2. Summary of Significant Accounting Policies (continued) 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. 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 Redemption Plan, a stockholder’s shares were deemed to have been redeemed as of the date that the Company accepted the stockholder’s request for redemption. From and after such date, the stockholder by virtue of such redemption was no longer entitled to any rights as a stockholder in the Company. Shares redeemed were 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. Share-Based Payments to Non-Employees — In connection with the expense support agreement described in Note 11. “Related Party Arrangements,” the Company may issue Restricted Stock to the Advisor on an annual basis in exchange for providing expense support in the event that cash distributions declared exceed MFFO as defined by the expense support agreement. 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 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 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. 2. Summary of Significant Accounting Policies (continued) Pursuant to the expense support agreement, the Advisor 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 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. 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. 2. Summary of Significant Accounting Policies (continued) 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 annual 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 qualify 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 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 hypothetical liquidation at book value (“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. 2. Summary of Significant Accounting Policies (continued) Adopted Accounting Pronouncements — 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 also requires qualitative and quantitative disclosures designed to give financial statement users additional information on the amount, timing, and uncertainty of cash flows arising from leases. In July 2018, the FASB issued ASU 2018-11, “Leases (Topic 842): Targeted Improvements,” which includes a practical expedient for lessors that allows 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. The Company elected the practical expedient and applied the guidance to all of the leases that qualified under the established criteria. In December 2018, the FASB issued ASU 2018-20, “Leases (Topic 842): Narrow-Scope Improvements for Lessors,” which addressed challenges encountered in determining certain lessor costs paid by the lessee directly to third parties by allowing lessors to exclude these costs from its variable lease payments. This amendment did not have a material impact on the Company’s financial statements and related disclosures as it conformed ASC 842 to the Company’s historical accounting under ASC 840. All of the ASC 842 ASU’s are effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2018. The Company adopted these ASU’s on January 1, 2019 using a modified retrospective approach, which impacted the Company’s consolidated financial statements and related financial statement disclosures; specifically, the Company’s consolidated financial position as it relates to the required presentation for arrangements such as ground or other leases in which the Company is the lessee. However, the adoption of this ASU did not have a material impact on the Company’s consolidated results of operations or cash flows. In June 2018, the FASB issued ASU 2018-07, “Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting,” which expands the scope to include share-based payment transactions for acquiring goods and services from nonemployees. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payments. The amendments also clarify that this ASU does not apply to share-based payments used to provide financing to the issuer or awards granted in conjunction with selling of goods or services to customers as a part of a contract accounted for under Revenue from Contracts with Customers (Topic 606). The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2018. The Company adopted this ASU prospectively on January 1, 2019; the adoption of which did not have a material impact on the Company’s consolidated results of operations or cash flows. Recent Accounting Pronouncements — In June 2016, the FASB issued ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments (Topic 326),” which requires a new forward-looking expected loss model to be used for receivables, held-to-maturity debt, loans and other financial instruments. Previously, when credit losses were measured under current GAAP, an entity generally only considered past events and current conditions in measuring the incurred loss. The amendments eliminate the probable initial threshold for recognition of credit losses in current GAAP and, instead, reflect an entity’s current estimate of all expected credit losses over the life of the financial instrument. The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2019. The Company has determined it will adopt this ASU on January 1, 2020, the adoption of which is not expected to have a material impact on the Company’s consolidated results of operations or cash flows.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Revenue	3. Revenue The following tables represent the disaggregated revenue for resident fees and services during the years ended December 31, 2019, 2018 and 2017: Years Ended December 31, Number of Units Revenue (in millions) Percentage of Revenues Resident fees and services: 2019 2018 2017 2019 2018 2017 2019 2018 2017 Independent living 2,261 2,261 2,261 $ 74.3 $ 71.7 $ 59.5 25.8 % 25.9 % 23.9 % Assisted living 2,966 2,966 2,966 140.5 137.6 128.8 48.7 % 49.7 % 51.7 % Memory care 853 853 853 59.4 54.4 48.9 20.6 % 19.7 % 19.6 % Other revenues ― ― — 14.1 12.9 11.7 4.9 % 4.7 % 4.8 % 6,080 6,080 6,080 $ 288.3 $ 276.6 $ 248.9 100.0 % 100.0 % 100.0 %

Real Estate Assets, net

Real Estate Assets, net	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018 are as follows, excluding assets held for sale (in thousands): As of December 31, 2019 2018 Land and land improvements $ 130,371 $ 130,133 Building and building improvements 1,478,111 1,475,789 Furniture, fixtures and equipment 85,977 81,666 Less: accumulated depreciation (281,864) (232,439) Real estate investment properties, net $ 1,412,595 $ 1,455,149 Depreciation expense on the Company’s real estate investment properties, net was approximately $49.4 million, $51.6 million and $52.0 million for the years ended December 31, 2019, 2018 and 2017, respectively. These amounts include depreciation through the determination date on assets held for sale. As described in Note 1. “Organization,” during the year ended December 31, 2018, the Company committed to a plan to sell 70 properties, including the Welbrook Senior Living Grand Junction property. Management of the Company determined that the sale of the Welbrook Senior Living Grand Junction property would not cause a strategic shift in the Company’s operations and that the sale of the property was not considered individually significant; therefore, this property did not qualify as discontinued operations. In connection with classifying this property as held for sale, the Company recorded an impairment provision of $7.9 million to write-off the associated assets in excess of the estimated net sales proceeds, as it was determined that the carrying value of this property would not be recoverable.

Intangibles, net

Intangibles, net	12 Months Ended
	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Intangibles, net	4. Intangibles, net The gross carrying amount and accumulated amortization of the Company’s intangible assets as of December 31, 2019 and 2018 are as follows (in thousands): As of December 31, 2019 2018 In-place lease intangibles $ 83,113 $ 83,113 Less: accumulated depreciation (81,893) (81,499) Intangible assets, net $ 1,220 $ 1,614 For the years ended December 31, 2019, 2018 and 2017, amortization on the Company’s intangible assets was approximately $0.4 million, $2.5 million and $12.4 million, respectively, all of which were included in depreciation and amortization. The weighted average remaining useful life of the Company’s intangibles as of December 31, 2019 is 3.1 years. 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, 2019 is as follows (in thousands): 2020 $ 394 2021 394 2022 253 2023 74 2024 74 Thereafter 31 $ 1,220

Assets and Associated Liabiliti

Assets and Associated Liabilities Held For Sale and Discontinued Operations	12 Months Ended
	Dec. 31, 2019
Real Estate Liabilities Associated With Assets Held For Development And Sale [Abstract]
Assets and Associated Liabilities Held For Sale and Discontinued Operations	6. Assets and Associated Liabilities Held For Sale and Discontinued Operations As part of executing on Possible Strategic Alternatives as described in Note 1. “Organization”, as of December 31, 2018, the Company had committed to a plan to sell a total of 70 properties, including: (1) the Perennial Communities (six skilled nursing facilities located in Arkansas); (2) the Grand Junction skilled nursing facility located in Colorado; and (3) the MOB/Healthcare Portfolio (consisting of 53 MOBs, five post-acute care facilities and five acute care hospitals), and classified the 70 properties as held for sale. The Company believed the sale of the MOB/Healthcare Portfolio represented a strategic shift in the Company’s operations and, therefore, classified the operations of those 63 properties as discontinued operations. The sale of the other seven properties would not cause a strategic shift in the Company’s operations, and were not considered individually significant; therefore, those properties did not qualify as discontinued operations. In April 2019, the Company completed the sale of four post-acute care properties (“IRF Sale”) which were part of the MOB/Healthcare Portfolio to an unrelated third party and in May 2019, the Company sold 55 medical office buildings and related properties (“MOB Sale”), which were part of the MOB/Healthcare Portfolio, to a subsidiary of Welltower Inc. and received approximately $1,321.2 million in net sales proceeds and used the net sales proceeds to: (1) repay indebtedness collateralized by or allocated to the 59 properties comprising the MOB Sale; (2) strategically rebalance other corporate borrowings (3) make a special cash distribution to our stockholders and (4) for other corporate purposes. During the last half of 2019, the Company sold one acute care hospital from the MOB/Healthcare Portfolio plus the Welbrook Senior Living Grand Junction property to unrelated third parties and received net sales proceeds of $39.0 million. The Company recorded aggregate gains on sale for financial reporting purposes of approximately $336.5 million related to the sale of the 61 properties (which included 60 properties from the MOB/Healthcare Portfolio). As of December 31, 2019, the Company had nine properties classified as held for sale. 6. Assets and Associated Liabilities Held for Sale and Discontinued Operations (continued) In December 2019, the Company entered into the Perennial Communities Sale Agreement for the sale of the six skilled nursing facilities in Arkansas with an unrelated third party for a gross sales price of $55.0 million, subject to certain pro-rations and other adjustments, as described in the Perennial Communities Sale Agreement. The anticipated net sales proceeds from the sale of the Perennial Communities is expected to exceed the net carrying values of these properties. In addition, in December 2019, the Company entered into the New Orleans Sale Agreement for the sale of its acute care hospital in New Orleans for a gross sales price of $28.65 million, subject to certain pro-rations and other adjustments as described in the New Orleans Sale Agreement. The Company recorded an impairment provision of $0.1 million related to the property in New Orleans to write-off the associated assets in excess of the estimated net sales proceeds, as it was determined that the carrying value of this property would not be recoverable. The Company sold the property related to the New Orleans Sale Agreement and the six properties related to the Perennial Communities Sale Agreement in February and March 2020, respectively. See Note 18 “Subsequent Events” for additional information. As of December 31, 2019, the nine properties classified as assets held for sale and liabilities associated with those assets held for sale consisted of the following (in thousands): As of December 31, 2019 MOB/Healthcare Portfolio Other Total Real estate held for sale, net $ 48,366 $ 46,908 $ 95,274 Intangibles, net 6,252 800 7,052 Deferred rent and lease incentives 3,158 4,952 8,110 Other assets 1,200 68 1,268 Restricted cash 118 72 190 Assets held for sale, net $ 59,094 $ 52,800 $ 111,894 Accounts payable and accrued liabilities $ 34 $ 3 $ 37 Other liabilities 392 684 1,076 Liabilities associated with assets held for sale $ 426 $ 687 $ 1,113 As of December 31, 2018, the 70 properties classified as assets held for sale and liabilities associated with those assets held for sale consisted of the following (in thousands): As of December 31, 2018 MOB/Healthcare Portfolio Other Total Real estate held for sale, net $ 952,656 $ 51,339 $ 1,003,995 Real estate under development 3,490 ― 3,490 Intangibles, net 82,417 800 83,217 Deferred rent and lease incentives 36,562 6,501 43,063 Other assets 11,425 182 11,607 Restricted cash 2,013 260 2,273 Assets held for sale, net $ 1,088,563 $ 59,082 $ 1,147,645 Mortgages and other notes payable $ 492,701 $ 8,097 $ 500,798 Credit facilities 212,731 34,778 247,509 Other liabilities 16,653 634 17,287 Accounts payable and accrued liabilities 8,425 ― 8,425 Liabilities associated with assets held for sale $ 730,510 $ 43,509 $ 774,019 6. Assets and Associated Liabilities Held For Sale and Discontinued Operations (continued) The Company classified the revenues and expenses related to the Company’s MOB/Healthcare Portfolio, which consisted of 63 properties, as discontinued operations in the accompanying consolidated statements of operations, as management believed the sale of these properties represented a strategic shift in the Company’s operations. The following table is a summary of income (loss) from discontinued operations for the years ended December 31, 2019, 2018 and 2017 (in thousands): Years Ended December 31, 2019 2018 2017 Revenues: Rental income and related revenues $ 50,379 $ 114,719 $ 113,709 Operating expenses: Property operating expenses 11,376 30,538 30,254 General and administrative 470 1,291 1,086 Asset management fees 4,984 11,984 12,042 Property management fees 1,257 3,679 4,249 Financing coordination fees ― 2,326 ― Contingent purchase price consideration adjustment ― ― 47 Impairment provision 67 4,392 ― Depreciation and amortization ― 31,961 43,567 Total operating expenses 18,154 86,171 91,245 Gain on sale of real estate 336,074 ― ― Operating income 368,299 28,548 22,464 Other income (expense): Interest and other income (expense) 56 109 (73) Interest expense and loan cost amortization (14,831) (33,060) (30,089) Total other income (expense) (14,775) (32,951) (30,162) Income (loss) before income taxes 353,524 (4,403) (7,698) Income tax expense (187) (6) (75) Income (loss) from discontinued operations $ 353,337 $ (4,409) $ (7,773)

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Operating Leases	7. Operating Leases As of December 31, 2019, excluding the nine remaining properties classified as held for sale, the Company owned 15 seniors housing properties that have been leased to tenants under triple-net operating leases. 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 the taxing authorities and, therefore, such amounts are not included in the Company’s consolidated financial statements. However, if the tenant does not pay the real estate taxes, the Company would be liable for such amounts. As of December 31, 2019, the total annualized property tax assessed on these properties is approximately $3.2 million. As of December 31, 2019, excluding the nine remaining properties classified as held for sale, the Company’s triple-net operating leases had a weighted average remaining lease term of 5.3 years based on annualized base rents expiring between 2022 and 2027, subject to the tenants’ options to extend the lease terms by an additional five years. In addition, certain tenants hold options to extend the lease terms for multiple five year periods, which are generally subject to similar terms and conditions provided under the initial lease term, including rent increases. The Company’s lease term is determined based on the non-cancellable lease term unless economic incentives make it reasonably certain that an extension option will be exercised, in which case the Company includes the extended lease term. 7. Operating Leases (continued) The following are future minimum lease payments to be received under non-cancellable operating leases for the five years and thereafter, in the aggregate, as of December 31, 2019, excluding the nine remaining properties classified as held for sale (in thousands): 2020 $ 28,526 2021 29,128 2022 21,542 2023 20,949 2024 21,457 Thereafter 29,602 $ 151,204 The above future minimum lease payments to be received exclude straight-line rent adjustments and base rent attributable to any renewal options exercised by the tenants in the future. Several of our operating leases include options to extend the lease term. For purposes of determining the lease term, we exclude these extension periods unless it is reasonably certain at lease commencement that the extension options will be exercised.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Variable Interest Entities	8. Variable Interest Entities As of December 31, 2019 and 2018, the Company had two and eight subsidiaries, respectively, classified as VIEs. The change in the number of VIEs across periods resulted from three VIE properties being sold in connection with the MOB Sale as well as the repayment of three construction loans related to the Company’s completed developments. 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, 2019 and December 31, 2018 are as follows (in thousands): As of December 31, 2019 2018 Assets: Real estate investment properties, net $ 45,329 $ 146,341 Assets held for sale, net (1) $ — $ 39,601 Cash $ 1,024 $ 342 Other assets $ 577 $ 678 Deferred rent and lease incentives $ — $ 7,160 Restricted cash $ 76 $ 208 Liabilities: Mortgages and other notes payable, net $ 29,148 $ 102,578 Liabilities associated with assets held for sale (1) $ — $ 30,695 Accounts payable and accrued liabilities $ 1,286 $ 784 Other liabilities $ 219 $ 1,321 FOOTNOTE: (1) Refer to Note 6. “Assets and Associated Liabilities Held For Sale and Discontinued Operations” for additional information. 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 $14.4 million as of December 31, 2019. The Company’s exposure is limited because of the non-recourse nature of the borrowings of the VIEs. 8. Variable Interest Entities (continued) As of December 31, 2019, the Company had two subsidiaries which are classified as VIEs. These subsidiaries are joint ventures with completed real estate under development in which their equity interest consists of non-substantive protective voting rights. Additionally, one of the subsidiaries has insufficient equity at risk due to the development nature of the joint venture. The Company determined it is the primary beneficiary and holds a controlling financial interest in each of these subsidiaries 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, 2019
Fair Value Disclosures [Abstract]
Contingent Purchase Price Consideration	9. Contingent Purchase Price Consideration During the years ended December 31, 2019 and 2018, the Company did not have any adjustments or cash flows related to contingent purchase price consideration. The following tables provide a roll-forward of the fair value of the Company’s aggregate contingent purchase price consideration for the year ended December 31, 2017 : 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 $ ― $ ― $ ― $ (4,000) $ 4,000 $ ― $ ― $ ― FOOTNOTES: (1) In connection with the purchase of Superior Residences of Panama City, FL, the Company entered into an earn-out agreement with the seller whereby up to $4 million in additional consideration was owed in the event that certain performance targets were met during the immediate 36 months post-closing. The Company paid the additional consideration and has no remaining obligations pursuant to the Panama City Earn-Out agreement. Fair Value Measurements The fair value of the contingent purchase price consideration was based on a then-current income approach that was primarily determined based on the present value and probability of future cash flows using internal underwriting models. The income approach further included estimates of risk-adjusted rate of return and capitalization rates for the property.

Indebtedness

Indebtedness	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Indebtedness	10. Indebtedness The following table provides details of the Company’s indebtedness as of December 31, 2019 and 2018, excluding indebtedness related to assets held for sale (in thousands): As of December 31, 2019 2018 Mortgages payable and other notes payable: Fixed rate debt $ 368,974 $ 358,843 Variable rate debt (1) (2) 8,282 174,046 Mortgages and other notes payable (3) 377,256 532,889 Premium (4) 142 184 Loan costs, net (1,470) (2,429) Total mortgages and other notes payable, net 375,928 530,644 Credit facilities: 2014 Revolving Credit Facility (1) (2) (5) — — First Term Loan Facility (2) — 151,616 Second Term Loan Facility (1) (2) — 275,000 2019 Revolving Credit Facility (1) (5) 40,000 — 2019 Term Loan Facility (1) 265,000 — Loan costs, net related to Term Loan Facilities (2,050) (1,003) Total credit facilities, net 302,950 425,613 Total indebtedness, net $ 678,878 $ 956,257 FOOTNOTES: (1) As of December 31, 2019 and 2018, the Company had entered into interest rate caps with notional amounts of approximately $281.0 million and $330.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information. (2) As of December 31, 2019, the Company did not have any interest rate swaps. As of December 31, 2018, the Company had entered into interest rate swaps with notional amounts of approximately $151.6 million. These interest rate swaps were settled in connection with the refinancing of the credit facilities in May 2019. Refer to Note 12. “Derivative Financial Instruments” for additional information. (3) As of December 31, 2019 and 2018, the Company’s mortgages and other notes payable are collateralized by 32 and 37 properties, respectively, with total carrying value of approximately $567.8 million and $769.0 million, respectively. (4) Premium is reflective of the Company recording mortgage note payables assumed at fair value on the respective acquisition dates. (5) As of December 31, 2019 and 2018, the Company had undrawn availability under the applicable revolving credit facility of approximately $181.7 million and $14.7 million, respectively, based on the value of the properties in the unencumbered pool of assets supporting the loan, which includes certain assets held for sale. In May 2019, the Company completed the sale of the 55 properties (the “MOB Sale”) and used a portion of the net cash proceeds from the MOB Sale to repay the Company’s unsecured credit facilities which, including indebtedness allocated to certain of the 55 properties comprising the MOB Sale, resulted in total repayments on the Company’s unsecured credit facilities as follows: (1) approximately $229.1 million on the Company’s 2014 Revolving Credit Facility; (2) $175 million on the Company’s First Term Loan Facility; and (3) $275 million on the Company’s Second Term Loan Facility. 10. Indebtedness (continued) Concurrently, in May 2019, the Company entered into new unsecured credit facilities, which include: (1) a $250 million senior unsecured revolving credit facility (“2019 Revolving Credit Facility”) and (2) a $265 million senior unsecured term loan facility (“2019 Term Loan Facility” and together with the 2019 Revolving Credit Facility, “2019 Credit Facilities”). The 2019 Revolving Credit Facility has an initial four-year term through May 2023, plus one 12-month extension option, and the 2019 Term Loan Facility has an initial five-year term through May 2024. The 2019 Credit Facilities bear interest based on 30-day LIBOR plus a spread that varies with the Company’s leverage ratio. In connection with the refinancing of the 2014 Credit Facilities, the Company paid financing coordination fees to the Advisor of approximately $5.2 million; refer to Note 11. “Related Party Arrangements” for additional information. During the year ended December 31, 2019, the Company repaid the outstanding construction loan related to Wellmore of Lexington of approximately $21.0 million prior to its September 2019 maturity. In addition, the Company repaid the outstanding mortgage or construction loans related to Waterstone at Augusta, Wellmore of Tega Cay, Dogwood Forest of Grayson and Palmilla Senior Living aggregating approximately $74.4 million. In connection therewith, the Company wrote-off approximately $0.2 million in unamortized loan costs and paid exit fees of approximately $0.4 million, which are included in interest expense and loan cost amortization in the accompanying consolidated statements of operations for the year ended December 31, 2019. These construction loans were scheduled to mature during 2020. In November 2019, the Company refinanced the construction loan related to Watercrest at Katy of approximately $21.3 million which was scheduled to mature in December 2019. The new mortgage loan matures in November 2024 with an interest rate of 3.25% per annum. 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, 2019 (in thousands): 2020 $ 39,642 2021 11,311 2022 282,220 2023 63,417 2024 285,666 Thereafter — $ 682,256 In February 2020, the Company repaid the outstanding mortgage loan related to the Primrose II communities that was scheduled to mature in June 2020 as described further in Note 18. “Subsequent Events”. 10. Indebtedness (continued) The following table details the Company’s mortgages and other notes payable as of December 31, 2019 and 2018, excluding assets held for sale (in thousands): Interest Rate at December 31, December 31, Property and Loan Type 2019 (1) Payment Terms Maturity Date (2) 2019 2018 Primrose II Communities; Mortgage Loan 3.81% per annum Monthly principal and interest payments based on a 30-year amortization schedule 6/1/20 $ 20,533 $ 21,047 Pacific Northwest Communities; Mortgage Loans 4.30% per annum Monthly principal and interest payments based on a 25-year amortization schedule 1/5/22 196,598 202,978 Capital Health Communities; Mortgage Loans (3) (3) Monthly principal and interest payments based on a 25-year amortization schedule 1/5/22 58,387 60,902 Primrose I Communities; Mortgage Loan (4) 4.11% per annum Monthly principal and interest payments based on a 30-year amortization schedule 9/1/22 47,557 48,753 Watercrest at Mansfield; Mortgage Loan (5) 4.68% per annum Monthly principal and interest payments based on a total payment of $143,330 6/1/23 24,625 25,163 Watercrest at Katy; Mortgage Loan 3.25% per annum Monthly interest only payments through November 2022; principal and interest payments thereafter based on a 25-year amortization schedule 11/15/24 21,274 ― Total fixed rate debt 368,974 358,843 Shores of Lake Phalen; Secured Term Loan 30-day LIBOR plus 2.42% per annum Monthly interest only payments through June 2019 6/30/19 — 16,859 Wellmore of Lexington; Construction Loan 30-day LIBOR plus 2.5% per annum Monthly interest only payments through September 2019 9/13/19 — 35,421 Watercrest at Katy Construction Loan 30-day LIBOR plus 2.75% per annum Monthly principal and interest payments based on a 30-year amortization schedule 12/27/19 — 21,552 Wellmore of Tega Cay; Construction Loan 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 — 27,715 Palmilla Senior Living; Mortgage Loan 30-day LIBOR plus 2.0% per annum Monthly interest only payments through April 2017; principal and interest payments thereafter based on a 30-year amortization schedule 3/22/20 — 26,478 Waterstone on Augusta; Construction Loan 30-day LIBOR plus 3.0% per annum Monthly interest only payments through September 2018; principal and interest payments thereafter based on a 30-year amortization schedule 9/1/20 — 18,830 10. Indebtedness (continued) Interest Rate at December 31, December 31, Property and Loan Type 2019 (1) Payment Terms Maturity Date (2) 2019 2018 Fieldstone at Pear Orchard; Construction Loan 30-day LIBOR plus 2.9% per annum Monthly interest only payments through September 2018; principal payments thereafter based on a 25-year amortization schedule 10/15/20 8,282 10,791 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 — 16,400 Total variable rate debt 8,282 174,046 Total mortgages and other notes payable, net $ 377,256 $ 532,889 FOOTNOTES: (1) The 30-day and 90-day LIBOR were approximately 1.76% and 1.91%, respectively, as of December 31, 2019 and approximately 2.50% and 2.81%, respectively, as of December 31, 2018. (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) Consists of a mortgage loan and a supplemental loan. The mortgage 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. (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 $0.1 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date. 10. Indebtedness (continued) The following table provide details of the Company’s mortgages and other notes payable included within the liabilities associated with assets held for sale as of December 31, 2019 and 2018 (in thousands): December 31, Property and Loan Type Interest Rate (1) Payment Terms Maturity Date (2) 2019 2018 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 $ — $ 19,581 ProMed Medical Building I; Mortgage Loan 3.64% per annum Monthly principal and interest payments based upon a 30-year amortization schedule 1/15/22 — 6,473 540 New Waverly Place; Mortgage Loan 4.08% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 5/31/28 — 6,452 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 — 7,335 Total fixed rate debt — 39,841 Calvert Medical Office Properties; Mortgage Loan 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 — ― Welbrook Senior Living Grand Junction; Secured Term Loan 30-day LIBOR plus 2.42% per annum Monthly interest only payments through June 2019 6/30/19 — 8,141 Medical Portfolio II Properties; Mortgage Loan 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 — 77,074 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 10/31/19 — 6,628 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 3/5/20 — 17,043 10. Indebtedness (continued) Interest Rate at December 31, December 31, Property and Loan Type 2019 (1) Payment Terms Maturity Date (2) 2019 2018 Triangle Orthopaedic; Mortgage Loan 30-day LIBOR plus 2.25% per annum Interest only payments through March 2017; principal payments thereafter based on a 30-year amortization schedule 4/11/21 $ — $ 36,962 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 — 14,829 Knoxville Medical Office Properties and Claremont Medical Office; Mortgage Loan 30-day LIBOR plus 2.45% per annum Monthly principal and interest payments based on a 30-year amortization schedule 5/24/22 — 51,575 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 — 19,055 MHOSH; Mortgage Loan 30-day LIBOR plus 2.20% per annum Interest only payments through June 2020; principal payments thereafter based on a 30-year amortization schedule 5/24/23 — 57,630 Southeast Medical Office Properties; Mortgage Loan 30-day LIBOR plus 2.0% per annum Interest only payments through January 2021; principal payments thereafter based on a 30-year amortization schedule 6/14/23 — 175,000 Total variable rate debt — 463,937 Total indebtedness associated with assets held for sale $ — $ 503,778 FOOTNOTES: (1) The 30-day and 90-day LIBOR were approximately 2.50% and 2,81%, respectively, as of December 31, 2018. (2) Represents the initial maturity date (or, as applicable, the maturity date as extended). These loans were repaid during 2019 with the related sales of the properties. The following table provides the details of the fair market value and carrying value of the Company’s indebtedness as of December 31, 2019 and 2018 (in millions): December 31, 2019 December 31, 2018 Fair Value Carrying Value Fair Value Carrying Value Mortgages and other notes payable, net $ 381.2 $ 375.9 $ 528.7 $ 530.6 Credit facilities $ 305.0 $ 303.0 $ 426.6 $ 425.6 Indebtedness associated with assets held for sale $ — $ — $ 751.8 $ 748.3 10. Indebtedness (continued) These fair market values are based on current rates and spreads the Company would expect to obtain for similar borrowings. Since this methodology includes inputs that are less observable by the public and are not necessarily reflected in active markets, the measurement of the estimated fair values related to the Company’s mortgage notes payable is categorized as Level 3 on the three-level valuation hierarchy. The estimated fair value of accounts payable and accrued liabilities approximates the carrying value as of December 31, 2019 and 2018 because of the relatively short maturities of the obligations. 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, (viii) maximum unsecured indebtedness ratio and (ix) limitations on certain types of investments and with respect to the pool of properties supporting borrowings under the credit facilities, minimum weighted average occupancy, and remaining lease terms, as well as property type, MSA, operator, and asset value concentration limits. The limitations on distributions generally 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, 2019, the Company was in compliance with all financial covenants.

Related Party Arrangements

Related Party Arrangements	12 Months Ended
	Dec. 31, 2019
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 connection with services provided to the Company, affiliates are entitled to the following fees: 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, 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, if a substantial amount of services are provided as determined by the Company’s independent directors, a disposition fee in an amount equal to (a) 1% of the gross market capitalization of the Company upon the occurrence of a listing on a national securities exchange, or 1% of the gross consideration paid upon the occurrence of a liquidity event as a result of a merger, share exchange or acquisition or similar transaction pursuant to which the stockholders receive cash and/or listed or non-listed securities, or (b) 1% of the gross sales price upon the sale or transfer of one or more assets (including a sale of all the Company’s assets). The Company will not pay its Advisor a disposition fee in connection with the sale of investments that are securities. A disposition fee in the form of an usual and customary brokerage fee may be paid to an affiliate or related party of the Advisor, provided that when added to the sum of all brokerage and real estate fees and commissions paid unaffiliated parties, the disposition fee to the Advisor may not exceed the lesser of (i) a competitive real estate or brokerage commission or (ii) an amount equal to 6% of the gross sales price. 11. Related Party Arrangements (continued) 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 the expense support agreement, 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. 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 Agreement. For the Expense Year ended December 31, 2019, the Company did not incur operating expenses in excess of the Limitation. Property Manager — Through June 2018, pursuant to a property management agreement, as amended, with the Property Manager which was not renewed and expired on June 28, 2018, the Property Manager received 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 contracted directly with a third-party property manager, the Company paid the Property Manager an oversight fee of up to 1% of annual gross revenues of the property managed; however, in no event would the Company have paid both a property management fee and an oversight fee with respect to the same property. The Company paid 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 exceeded (i) 10% of the initial purchase price of the property, and (ii) $1.0 million, which the fee was due and payable upon completion of such projects. Expense Support Agreement — Pursuant to the original expense support agreement, the Company’s Advisor 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 MFFO, as defined. Effective January 1, 2016, the Advisor expense support was amended to change the calculation and determination date of the expense support amounts from each calendar quarter on a non-cumulative basis, to each calendar year on a cumulative year-to-date basis. 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 and amended expense support agreements, have been permanently settled and the Company has no further obligation to pay such amounts. 11. Related Party Arrangements (continued) In February 2017, the Company’s board of directors approved the fourth amended and restated expense support agreement with the Advisor that was effective January 1, 2017. This amendment limited 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 changed the calculation to exclude the impact of completed development properties for a specified period of time after the property is placed into service (as defined in the agreement). The aforementioned amendment, along with the original expense support agreement and previous amendments govern the fees and expenses charged by the Advisor to the Company. Under the terms of the expense support agreement, for each quarter within a calendar expense support year, the Company will record a proportional estimate of the cumulative year-to-date period based on an estimate of expense support amounts for the calendar expense support year. Moreover, in exchange for services rendered and in consideration of the expense support provided under the expense support agreement, the Company will issue, within 90 days following the determination date, a number of shares of Restricted Stock equal to the quotient of the expense support amounts provided by the Advisor for the preceding calendar year divided by the Company’s then-current estimated NAV per share of common stock. The terms of the expense support agreement automatically renew for consecutive one year periods, subject to the right of the Advisor to terminate their respective agreements upon 30 days’ written notice to the Company. CNL Capital Markets LLC — CNL Capital Markets LLC, 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 each of the years ended December 31, 2019, 2018 and 2017, the Company incurred approximately $0.9 million in such fees. 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 and its subsidiaries on an ongoing basis. The expenses and fees incurred by and reimbursable to the Company’s related parties, including amounts included in the loss from discontinued operations for the years ended December 31, 2019, 2018 and 2017, and related amounts unpaid as of December 31, 2019 and 2018 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2019 2018 2017 2019 2018 Reimbursable expenses: Operating expenses (2) $ 5,066 $ 6,203 $ 5,791 $ 698 $ 722 Acquisition fees and expenses — — 6 — — 5,066 6,203 5,797 698 722 Investment services fees (3) — 60 126 — ― Disposition fee (4) 3,031 58 — — ― Financing coordination fees (5) 5,553 2,326 3,601 — ― Property management fees (6) — 2,323 4,807 — — Asset management fees (7) 23,281 30,385 30,157 1,577 2,533 $ 36,931 $ 41,355 $ 44,488 $ 2,275 $ 3,255 FOOTNOTES: (1) Amounts are recorded as due to related parties in the accompanying consolidated balance sheets. (2) Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations unless such amounts represent prepaid expenses, which are capitalized in the accompanying consolidated balance sheets. 11. Related Party Arrangements (continued) (3) For the year ended December 31, 2018, 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, 2017, the Company incurred approximately $0.1 million in investment service fees of which approximately $0.1 million was capitalized and included in real estate under development. There were no investment service fees incurred for the year end December 31, 2019. 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, 2019, the Company incurred approximately $5.6 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties of which approximately $3.7 million were capitalized as loan costs and reduced mortgages and other notes payable, net in the accompanying consolidated balance sheets. For the year ended December 31, 2018, the Company incurred approximately $2.3 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties. 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. (6) For the years ended December 31, 2018 and 2017, the Company incurred approximately $2.3 million and $4.8 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $5,000 and $0.3 million, respectively, in construction management fees were capitalized and included in real estate under development in the accompanying consolidated balance sheets. The Property Management Agreement was not renewed beyond its expiration date of June 2018. (7) For the years ended December 31, 2019, 2018 and 2017, the Company incurred approximately $23.3 million, $30.4 million and $30.2 million, respectively, in asset management fees payable to the Advisor. No expense support was received for the years ended December 31, 2019, 2018 and 2017. There was approximately $11,000 and $0.5 million in asset management fees that were capitalized and included in real estate under development in the accompanying consolidated balance sheets for the years ended December 31, 2018 and 2017, respectively. There were no asset management fees capitalized for the year ended December 31, 2019. No amounts were settled or paid in the form of Restricted Stock in accordance with the expense support agreements for the years ended December 31, 2019, 2018 and 2017. As of December 31, 2019, $13.57 million of asset management fees had been settled in exchange for 1.332 million shares of Restricted Stock. The number of Restricted Stock shares granted to the Advisor in lieu of payment in cash was determined by dividing the expense support amount for the respective determination date by the then-current NAV per share. At grant date, no fair value was assigned to the Restricted Stock shares as the shares were valued at zero, which represented 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, 2019. Cash distributions paid on Restricted Stock shares for the years ended December 31, 2019, 2018 and 2017 were $3.027 million, $0.630 million and $0.571 million, respectively. The cash distributions on Restricted Stock shares were recognized as compensation expense as declared and included in general and administrative expense in the accompanying consolidated statements of operations.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018 (in thousands): Fair value asset (liability) as of Notional Amount Strike (1) Credit Spread (1) Trade date Forward date Maturity date December 31, 2019 December 31, 2018 $ ― (2) (3) 2.3 % 2.4 % 9/12/2014 8/1/2015 7/15/2019 $ ― $ 168 $ ― (2) 1.6 % 2.0 % 12/23/2014 12/19/2014 2/19/2019 $ ― $ 220 $ ― (2) (3) 1.7 % 2.0 % 1/9/2015 12/10/2015 12/22/2019 $ ― $ 966 $ ― (4) 2.3 % ― % 8/29/2017 8/29/2017 9/1/2019 $ ― $ 247 $ 223,000 (3) (4) 3.0 % ― % 3/28/2018 11/30/2018 12/19/2019 $ ― $ 44 $ ― (3) (4) 3.0 % ― % 3/28/2018 7/10/2018 12/19/2019 $ ― $ 6 $ ― (3) (4) 3.0 % ― % 3/28/2018 2/19/2019 12/19/2019 $ ― $ 19 $ ― (3) (4) 3.0 % ― % 5/4/2018 5/4/2018 12/19/2019 $ ― $ 6 $ 10,500 (4) 3.3 % ― % 2/28/2019 3/1/2019 9/1/2021 $ ― $ ― $ 50,000 (4) 2.3 % ― % 8/16/2019 9/1/2019 12/31/2020 $ ― $ ― $ 231,000 (4) 2.0 % ― % 12/12/2019 12/20/2019 12/31/2020 $ 2 $ ― 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, 2019 and 2018 (in thousands): Gross and net amounts of asset (liability) as of December 31, 2019 Gross amounts as of December 31, 2019 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 223,000 (3) $ ― $ ― $ ― $ ― $ ― $ ― $ 10,500 (4) $ ― $ ― $ ― $ ― $ ― $ ― $ 50,000 (4) $ ― $ ― $ ― $ ― $ ― $ ― $ 231,000 (4) $ 2 $ ― $ 2 $ 2 $ ― $ 2 Gross and net amounts of asset (liability) as of December 31, 2018 Gross amounts as of December 31, 2018 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 79,201 (2) $ 168 $ ― $ 168 $ 168 $ ― $ 168 $ 175,000 (2) $ 220 $ ― $ 220 $ 220 $ ― $ 220 $ 125,087 (2) $ 966 $ ― $ 966 $ 966 $ ― $ 966 $ 117,000 (4) $ 247 $ ― $ 247 $ 247 $ ― $ 247 $ 410,000 (4) $ 44 $ ― $ 44 $ 44 $ ― $ 44 $ 51,575 (4) $ 6 $ ― $ 6 $ 6 $ ― $ 6 $ 175,000 (4) $ 19 $ ― $ 19 $ 19 $ ― $ 19 $ 57,630 (4) $ 6 $ ― $ 6 $ 6 $ ― $ 6 FOOTNOTES: (1) The all-in rates are equal to the sum of the Strike and Credit Spread detailed above. 12 Derivative Financial Instruments (continued) (2) Amounts related to interest rate swaps held by the Company which are recorded at fair value and included in either other assets or other liabilities in the accompanying condensed consolidated balance sheets. (3) All or a portion of these derivative financial instruments were settled in connection with the pay down of the respective loan balances. (4) 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. 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, 2019
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 commencing in July 2016, when the Watercrest at Katy development opened to residents, and concluding in July 2021 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: Distribution Reinvestment Plan — In July 2018, in light of the Company’s decision to proceed with the exploration of Possible Strategic Alternatives, the Company suspended the Reinvestment Plan and the Redemption Plan. As a result of the suspension of the Reinvestment Plan in July 2018, the Company did not receive any proceeds through its Reinvestment Plan subsequent to June 2018. For the years ended December 31, 2018 and 2017, the Company received proceeds through its Reinvestment Plan of approximately $22.0 million and $43.2 million, respectively Distributions — For the years ended December 31, 2019, 2018 and 2017, the Company declared cash distributions of $394.9 million, $81.1 million and $77.7 million, respectively, which included a special cash distribution of $347.9 million funded in May 2019 with proceeds from the sale of real estate and all of which were paid in cash to stockholders 13. Equity (continued) The tax composition of the Company’s distributions declared for the years ended December 31, 2019, 2018 and 2017 were as follows: Years Ended December 31, 2019 2018 2017 Ordinary income 0.0% 0.0% 0.0% Capital gain 42.85% 0.0% 0.0% Unrecaptured Sec. 1250 gain 20.10% 0.0% 0.0% Return of capital 37.05% 100.0% 100.0% Redemptions — In July 2018, in light of the Company’s decision to proceed with the exploration of Possible Strategic Alternatives, the Company suspended the Reinvestment Plan and the Redemption Plan. No requests for redemptions have been accepted subsequent to suspension of the Redemption Plan. As such, there were no requests for the redemption of common stock during the year ended December 31, 2019. For the years ended December 31, 2018 and 2017, the Company received requests for the redemption of common stock under its Redemption Plan of approximately 4.4 million and 4.7 million shares, respectively, of which, 2.8 million and 4.7 million were approved for redemption at an average price of $10.14 and $9.99, respectively, and for a total of approximately $28.4 million and $47.3 million, respectively. During the year ended December 31, 2018, as a result of the Redemption Plan being suspended, approximately $16.4 million in unsatisfied redemption requests were placed in a redemption queue and will remain there until such time, if at all, that the Company’s board of directors reinstates the Redemption Plan. Unless the Redemption Plan is reinstated by the Company’s board of directors, the Company will not as a general matter, accept or otherwise process any additional redemption requests received after July 11, 2018. There can be no guarantee that the Redemption Plan will be reinstated by the Company’s board of directors. Promoted Interest — In connection with the Company’s promoted interest agreements, certain operating targets have been established which, upon meeting such targets, result in the developer being entitled to additional payments based on enumerated percentages of the assumed net proceeds of a deemed sale, subject to achievement of an established internal rate of return on the Company’s investment in the development. For the years ended December 31, 2019, 2018 and 2017, the Company accrued, as a (reduction)/reversal to capital in excess of par value, the following distributions to holders of promoted interest (in thousands): Years Ended December 31, 2019 2018 2017 HarborChase of Villages Crossing $ ― $ $ (955) Dogwood Forest of Grayson 406 (406) ― $ 406 $ (406) $ (955) 13. Equity (continued) 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 income (loss) for the years ended December 31, 2019, 2018 and 2017 (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 income (loss) into earnings Years Ended Years Ended December 31, December 31, 2019 2018 2017 2019 2018 2017 Interest rate swaps $ (846) $ 1,219 $ 5,573 Interest expense and loan cost amortization $ 921 $ 2,457 $ (3,902) Interest rate caps (134) 690 1,013 Interest expense and loan cost amortization (361) (1,957) (849) Reclassification of interest rate swaps upon derecognition (509) 253 318 Interest expense and loan cost amortization 509 (253) (318) Reclassification of interest rate caps upon derecognition 265 — (26) Interest expense and loan cost amortization (265) ― 26 Interest rate cap held by unconsolidated joint venture 11 ― — Not applicable (11) ― ― Total $ (1,213) $ 2,162 $ 6,878 $ 793 $ 247 $ (5,043)

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes For the years ended December 31, 2019, 2018 and 2017, the Company recorded net current tax expense and deferred tax assets related to deferred income at its TRS entities. The components of the income tax (expense) benefit for the years ended December 31, 2019, 2018 and 2017 were as follows (in thousands): Years Ended December 31, 2019 2018 2017 Current: Federal $ 51 $ 113 $ (245) State (558) (477) (448) Total current expense (507) (364) (693) Deferred: Federal (1,562) (3,333) 8,826 State (120) 66 305 Total deferred benefit (1,682) (3,267) 9,131 Income tax (expense) benefit $ (2,189) $ (3,631) $ 8,438 14. Income Taxes (continued) 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, 2019 and 2018 are as follows: 2019 2018 Carryforwards of net operating loss $ 3,653 $ 6,046 Minimum tax credit carryforward 59 118 Prepaid rent 1,648 712 Valuation allowance (1,096) (946) Deferred tax assets, net $ 4,264 $ 5,930 A reconciliation of the income tax (expense) benefit computed at the statutory federal tax rate on income before income taxes is as follows (in thousands): Years Ended December 31, 2019 2018 2017 Tax (expense) benefit computed at federal statutory rate $ (136) (21.00) % $ 3,593 21.00 % $ 9,442 35.00 % Impact of REIT election (1,437) (221.44) % (6,922) (40.45) % (10,650) (39.48) % State income tax expense net of federal benefit (466) (71.76) % (399) (2.33) % (331) (1.23) % Effect of change in future tax rates ― ― % ― ― % 1,861 6.90 % Effect of change in valuation allowance (150) (23.11) % 97 0.57 % 8,116 30.09 % Income tax (expense) benefit $ (2,189) (337.31) % $ (3,631) (21.21) % $ 8,438 31.28 % The Company’s TRS entities had net operating loss carryforwards for federal and state purposes of approximately $12.3 million and $23.3 million as of December 31, 2019 and 2018, respectively, to offset future taxable income. If not utilized, the federal net operating loss carryforwards will begin to expire in 2035, and the state net operating loss carryforwards will begin to expire in 2020. The Company analyzed its material tax positions and determined that it has not taken any uncertain tax positions. The tax years 2016 and forward remain subject to examination by taxing authorities. In December 2017, the Tax Act was signed into law and reduces the U.S. federal corporate tax rate to 21%, effective January 1, 2018. All material impacts of the Tax Act have been reflected in the financial statements and their footnotes.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
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. 15. Commitments and Contingencies (continued) 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. 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. As of December 31, 2019, one property had met its established performance metrics, but no promoted interest obligation was currently owed pursuant to the distribution calculation; whereas for the remaining five promoted interest agreements, the established performance metrics were not met nor probable of being met as of December 31, 2019. The Company’s Advisor has approximately 1.3 million contingently issuable Restricted Stock shares for financial reporting purposes that were issued pursuant to the Advisor expense support agreement. Refer to Note 11. “Related Party Arrangements” for information on distributions declared related to these Restricted Stock shares.

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2019
Risks And Uncertainties [Abstract]
Concentration of Credit Risk	15. Concentration of Credit Risk For the years ended December 31, 2019, 2018 and 2017, the Company had a geographical concentration accounting for 10% or more of its total revenues, excluding the 63 properties classified as discontinued operations, as follows: Type of Years Ended December 31, Concentration 2019 2018 2017 State of Texas (1) Geographical 20.8 % 20.6 % 20.8 % FOOTNOTE: (1) Includes rental income and related revenues 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 Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018 (in thousands, except per share data): 2019 Quarters First Second Third Fourth Full Year Total revenues $ 80,198 $ 80,147 $ 80,202 $ 81,344 $ 321,891 Operating income 10,829 6,358 11,054 9,550 37,791 Income (loss) from continuing operations (566) (4,843) 1,591 2,277 (1,541) Income from discontinued operations 10,474 333,370 3,877 5,616 353,337 Net income attributable to common stockholders 9,900 328,272 5,454 7,870 351,496 Net (loss) income per share of common stock (basic and diluted) Continuing operations (0.00) (0.03) 0.01 0.01 (0.01) Discontinued operations 0.06 1.92 0.02 0.03 2.03 Weighted average number of shares outstanding (basic and diluted) 173,963 173,963 173,963 173,963 173,963 17. Selected Quarterly Financial Data (Unaudited) 2018 Quarters First Second Third Fourth Full Year Total revenues $ 76,319 $ 77,189 $ 78,471 $ 79,615 $ 311,594 Operating income 5,176 8,597 10,098 118 23,989 Loss from continuing operations (5,720) (2,700) (635) (11,687) (20,742) (Loss) income from discontinued operations (2,178) (4,634) (2,634) 5,037 (4,409) Net loss attributable to common stockholders (7,874) (7,308) (3,248) (6,642) (25,072) Net (loss) income per share of common stock (basic and diluted) Continuing operations (0.03) (0.02) (0.00) (0.07) (0.12) Discontinued operations (0.01) (0.03) (0.02) 0.03 (0.03) Weighted average number of shares outstanding (basic and diluted) 174,854 174,201 173,974 173,973 174,247

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	18. Subsequent Events In February 2020, the Company sold its acute care property in New Orleans in accordance with the terms of the New Orleans Sale Agreement. The net sales proceeds approximated the net carrying value of the property. The Company also repaid the Primrose II Communities outstanding mortgage loan balance of approximately $20.5 million, which was scheduled to mature in June 2020. In March 2020, the Company sold its six skilled nursing facilities in accordance with the Perennial Communities Sale Agreement. The net sales proceeds exceeded the net carrying value of the property. In March 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) as a pandemic, which continues to spread throughout the United States. The ultimate extent of the impact of COVID-19 on the financial performance of the Company will depend on future developments, including the duration and spread of COVID-19, and the overall economy, all of which are highly uncertain and cannot be predicted. If the financial markets and/or the overall economy are impacted for an extended period, the Company's operating results may be materially and adversely affected.

SCHEDULE II-Valuation and Quali

SCHEDULE II-Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2019
Valuation And Qualifying Accounts [Abstract]
SCHEDULE II-Valuation and Qualifying Accounts	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES YEARS ENDED DECEMBER 31, 2019, 2018 AND 2017 (in thousands) Year Description Balance at Beginning of Year Charged to Costs and Expenses Charged to Other Accounts Balance at End of Year 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) 2018 Deferred tax asset valuation allowance $ (1,087) $ (829) $ ― $ (1,916) Allowance for doubtful accounts (2,350) (1,489) ― (3,839) $ (3,437) $ (2,318) $ ― $ (5,755) 2019 Deferred tax asset valuation allowance $ (1,916) $ ― $ 808 $ (1,108) Allowance for doubtful account (3,839) ― 1,912 (1,927) $ (5,755) $ ― $ 2,720 $ (3,035)

SCHEDULE III-Real Estate and Ac

SCHEDULE III-Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2019
Real Estate And Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III-Real Estate and Accumulated Depreciation	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES AS OF DECEMBER 31, 2019 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Primrose Retirement Community of Casper Casper, Wyoming $ 10,993 $ 1,910 $ 16,310 $ 30 $ 296 $ ― $ 1,940 $ 16,606 $ ― $ 18,546 $ (3,457) 2004 2/16/2012 (1) Primrose Retirement Community of Grand Island Grand Island, Nebraska $ 7,755 $ 719 $ 12,140 $ 56 $ — $ ― $ 775 $ 12,140 $ ― $ 12,915 $ (2,634) 2005 2/16/2012 (1) Primrose Retirement Community of Mansfield Mansfield, Ohio $ 10,551 $ 650 $ 16,720 $ 229 $ 71 $ ― $ 879 $ 16,791 $ ― $ 17,670 $ (3,657) 2007 2/16/2012 (1) Primrose Retirement Community of Marion Marion, Ohio $ 8,752 $ 889 $ 16,305 $ — $ — $ ― $ 889 $ 16,305 $ ― $ 17,194 $ (3,485) 2006 2/16/2012 (1) Sweetwater Retirement Community Billings, Montana $ 9,506 $ 1,578 $ 14,205 $ 19 $ — $ ― $ 1,597 $ 14,205 $ ― $ 15,802 $ (2,961) 2006 2/16/2012 (1) HarborChase of Villages Crossing Lady Lake, Florida ("The Villages") $ — $ 2,165 $ — $ 996 $ 15,429 $ ― $ 3,161 $ 15,429 $ ― $ 18,590 $ (2,529) 2013 8/29/2012 (1) Primrose Retirement Community Cottages Aberdeen, South Dakota $ — $ 311 $ 3,794 $ — $ — $ ― $ 311 $ 3,794 $ ― $ 4,105 $ (737) 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 $ (2,220) 2008 12/19/2012 (1) Primrose Retirement Community of Decantur Decatur, Illinois $ 9,646 $ 513 $ 16,706 $ — $ 154 $ ― $ 513 $ 16,860 $ ― $ 17,373 $ (3,214) 2009 12/19/2012 (1) Primrose Retirement Community of Lima Lima, Ohio $ — $ 944 $ 17,115 $ 8 $ 4 $ ― $ 952 $ 17,119 $ ― $ 18,071 $ (3,262) 2006 12/19/2012 (1) Primrose Retirement Community of Zanesville Zanesville, Ohio $ 10,887 $ 1,184 $ 17,292 $ — $ 67 $ ― $ 1,184 $ 17,359 $ ― $ 18,543 $ (3,312) 2008 12/19/2012 (1) Capital Health of Symphony Manor Baltimore, Maryland $ 13,575 $ 2,319 $ 19,444 $ — $ 160 $ ― $ 2,319 $ 19,604 $ ― $ 21,923 $ (3,666) 2011 12/21/2012 (1) Curry House Assisted Living & Memory Care Cadillac, Michigan $ 7,127 $ 995 $ 11,072 $ 9 $ 2 $ ― $ 1,004 $ 11,074 $ ― $ 12,078 $ (2,106) 1966 12/21/2012 (1) Tranquillity at Fredericktowne Frederick, Maryland $ 19,565 $ 808 $ 14,291 $ — $ 6,086 $ ― $ 808 $ 20,377 $ ― $ 21,185 $ (3,485) 2000 12/21/2012 (1) Brookridge Heights Assisted Living & Memory Care Marquette, Michigan $ 12,004 $ 595 $ 11,339 $ (17) $ 4,762 $ ― $ 578 $ 16,101 $ ― $ 16,679 $ (2,904) 1998 12/21/2012 (1) Woodholme Gardens Assisted Living & Memory Care Pikesville, Maryland (“Baltimore”) $ 6,116 $ 1,603 $ 13,472 $ 54 $ 8 $ ― $ 1,657 $ 13,480 $ ― $ 15,137 $ (2,563) 2010 12/21/2012 (1) Batesville Healthcare Center Batesville, Arkansas $ — $ 397 $ 5,382 $ 113 $ — $ ― $ 510 $ 5,382 $ ― $ 5,892 $ (598) 1975 5/31/2013 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2019 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Broadway Healthcare Center West Memphis, Arkansas $ — $ 438 $ 10,560 $ — $ 77 $ ― $ 438 $ 10,637 $ ― $ 11,075 $ (1,189) 1994 5/31/2013 (1) 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) HarborChase of Jasper Jasper, Alabama $ — $ 355 $ 6,358 $ — $ 50 $ ― $ 355 $ 6,408 $ ― $ 6,763 $ (1,089) 1998 7/31/2013 (1) Doctor's Specialty Hospital Leawood, Kansas (“Kansas City”) $ — $ 924 $ 5,771 $ 69 $ — $ ― $ 993 $ 5,771 $ ― $ 6,764 $ (842) 2001 8/16/2013 (1) Raider Ranch Lubbock, Texas $ — $ 4,992 $ 48,818 $ 499 $ 12,627 $ ― $ 5,491 $ 61,445 $ ― $ 66,936 $ (9,562) 2009 8/29/2013 (1) Town Village Oklahoma City, Oklahoma $ ― $ 1,020 $ 19,847 $ 87 $ 1,319 $ ― $ 1,107 $ 21,166 $ ― $ 22,273 $ (3,562) 2004 8/29/2013 (1) Prestige Senior Living Beaverton Hills Beaverton, Oregon $ 8,469 $ 1,387 $ 10,324 $ 6 $ — $ ― $ 1,393 $ 10,324 $ ― $ 11,717 $ (1,691) 2000 12/2/2013 (1) Prestige Senior Living High Desert Bend, Oregon $ 7,416 $ 835 $ 11,252 $ 17 $ 48 $ ― $ 852 $ 11,300 $ ― $ 12,152 $ (1,921) 2003 12/2/2013 (1) MorningStar of Billings Billings, Montana $ 18,566 $ 4,067 $ 41,373 $ 51 $ 186 $ ― $ 4,118 $ 41,559 $ ― $ 45,677 $ (7,156) 2009 12/2/2013 (1) MorningStar of Boise Boise, Idaho $ 19,896 $ 1,663 $ 35,752 $ 18 $ 234 $ ― $ 1,681 $ 35,986 $ ― $ 37,667 $ (5,840) 2007 12/2/2013 (1) Prestige Senior Living Huntington Terrace Gresham, Oregon (“Portland”) $ 9,504 $ 1,236 $ 12,083 $ 2 $ 64 $ — $ 1,238 $ 12,147 $ — $ 13,385 $ (2,018) 2000 12/2/2013 (1) MorningStar of Idaho Falls Idaho Falls, Idaho $ 16,562 $ 2,006 $ 40,397 $ 5 $ 232 $ ― $ 2,011 $ 40,629 $ ― $ 42,640 $ (6,736) 2009 12/2/2013 (1) Prestige Senor Living Arbor Place Medford, Oregon $ 7,817 $ 355 $ 14,083 $ 6 $ 34 $ — $ 361 $ 14,117 $ — $ 14,478 $ (2,286) 2003 12/2/2013 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2019 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Prestige Senior Living Orchard Hills Salem, Oregon $ 11,396 $ 545 $ 15,544 $ 8 $ 183 $ ― $ 553 $ 15,727 $ ― $ 16,280 $ (2,521) 2002 12/2/2013 (1) Prestige Senior Living Southern Hills Salem, Oregon $ 7,114 $ 653 $ 10,753 $ 43 $ 8 $ ― $ 696 $ 10,761 $ ― $ 11,457 $ (1,775) 2001 12/2/2013 (1) MorningStar of Sparks Sparks, Nevada $ 22,034 $ 3,986 $ 47,968 $ 16 $ 43 $ ― $ 4,002 $ 48,011 $ ― $ 52,013 $ (8,037) 2009 12/2/2013 (1) Prestige Senior Living Five Rivers Tillamook, Oregon $ 7,293 $ 1,298 $ 14,064 $ 18 $ 110 $ ― $ 1,316 $ 14,174 $ ― $ 15,490 $ (2,456) 2002 12/2/2013 (1) Prestige Senior Living Riverwood Tualatin, Oregon (“Portland”) $ 4,308 $ 1,028 $ 7,429 $ 12 $ 85 $ ― $ 1,040 $ 7,514 $ ― $ 8,554 $ (1,276) 1999 12/2/2013 (1) Prestige Senior Living Auburn Meadows Auburn, Washington ("Seattle") $ 9,942 $ 2,537 $ 17,261 $ — $ 174 $ ― $ 2,537 $ 17,435 $ ― $ 19,972 $ (2,822) 2003/2010 2/3/2014 (1) Prestige Senior Living Bridgewood Vancouver, Washington ("Portland") $ 12,518 $ 1,603 $ 18,172 $ 10 $ 35 $ ― $ 1,613 $ 18,207 $ ― $ 19,820 $ (2,919) 2001 2/3/2014 (1) Prestige Senior Living Monticello Park Longview, Washington $ 16,689 $ 1,981 $ 23,056 $ 1 $ 20 $ ― $ 1,982 $ 23,076 $ ― $ 25,058 $ (3,654) 2001/2010 2/3/2014 (1) Prestige Senior Living Rosemont Yelm, Washington $ 8,778 $ 668 $ 14,564 $ — $ 46 $ ― $ 668 $ 14,610 $ ― $ 15,278 $ (2,286) 2004 2/3/2014 (1) Wellmore of Tega Cay Tega Cay, South Carolina ("Charlotte") $ — $ 2,445 $ — $ 2,743 $ 23,451 $ ― $ 5,188 $ 23,451 $ ― $ 28,639 $ (3,528) 2015 2/7/2014 (1) Isle at Cedar Ridge Cedar Park, Texas ("Austin") $ — $ 1,525 $ 16,277 $ — $ 189 $ ― $ 1,525 $ 16,466 $ ― $ 17,991 $ (2,693) 2011 2/28/2014 (1) Prestige Senior Living West Hills Corvallis, Oregon $ 8,296 $ 842 $ 12,603 $ 11 $ 13 $ ― $ 853 $ 12,616 $ ― $ 13,469 $ (2,050) 2002 3/3/2014 (1) HarborChase of Plainfield Plainfield, Illinois $ — $ 1,596 $ 21,832 $ — $ — $ ― $ 1,596 $ 21,832 $ ― $ 23,428 $ (3,402) 2010 3/28/2014 (1) Legacy Ranch Alzheimer's Special Care Center Midland, Texas $ — $ 917 $ 9,982 $ — $ 7 $ ― $ 917 $ 9,989 $ ― $ 10,906 $ (1,587) 2012 3/28/2014 (1) The Springs Alzheimer's Special Care Center San Angelo, Texas $ — $ 595 $ 9,658 $ 9 $ — $ ― $ 604 $ 9,658 $ ― $ 10,262 $ (1,534) 2012 3/28/2014 (1) Isle at Watercrest - Bryan Bryan, Texas $ — $ 3,223 $ 40,581 $ 36 $ 972 $ ― $ 3,259 $ 41,553 $ ― $ 44,812 $ (6,601) 2011 4/21/2014 (1) Isle at Watercrest - Mansfield Mansfield, Texas ("Dallas/Fort Worth") $ — $ 997 $ 24,635 $ — $ 51 $ ― $ 997 $ 24,686 $ ― $ 25,683 $ (3,712) 2011 5/5/2014 (1) Watercrest at Katy Katy, Texas ("Houston") $ 21,274 $ 4,000 $ — $ 120 $ 32,372 $ ― $ 4,120 $ 32,372 $ ― $ 36,492 $ (3,000) 2016 6/27/2014 (1) Watercrest at Mansfield Mansfield, Texas ("Dallas/Fort Worth") $ 24,625 $ 2,191 $ 42,740 $ 11 $ 933 $ ― $ 2,202 $ 43,673 $ ― $ 45,875 $ (6,375) 2010 6/30/2014 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2019 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed HarborChase of Shorewood Shorewood, Wisconsin ("Milwaukee") $ — $ 2,200 $ — $ 301 $ 19,862 $ ― $ 2,501 $ 19,862 $ ― $ 22,363 $ (2,159) 2015 7/8/2014 (1) Hurst Specialty Hospital Hurst, Texas ("Dallas/Fort Worth") $ — $ 2,082 20,186 $ — $ — $ ― $ 2,082 $ 20,186 $ ― $ 22,268 $ (2,708) 2004/2012 8/15/2014 (1) Fairfield Village of Layton Layton, Utah ("Salt Lake City") $ — $ 5,217 $ 54,167 $ 66 $ 49 $ ― $ 5,283 $ 54,216 $ ― $ 59,499 $ (7,836) 2010 11/20/2014 (1) Fieldstone Memory Care Yakima, Washington $ — $ 1,297 $ 9,965 $ — $ 6 $ ― $ 1,297 $ 9,971 $ ― $ 11,268 $ (1,343) 2014 3/31/2015 (1) Primrose Retirement Center of Anderson Anderson, Indiana ("Muncie") $ — $ 1,342 $ 19,083 $ — $ 33 $ ― $ 1,342 $ 19,116 $ ― $ 20,458 $ (2,473) 2008 5/29/2015 (1) Primrose Retirement Center of Lancaster Lancaster, Ohio ("Columbus") $ — $ 2,840 $ 21,884 $ — $ — $ ― $ 2,840 $ 21,884 $ ― $ 24,724 $ (3,117) 2007 5/29/2015 (1) Primrose Retirement Center of Wausau Wausau, Wisconsin ("Green Bay") $ — $ 1,089 $ 18,653 $ — $ — $ ― $ 1,089 $ 18,653 $ ― $ 19,742 $ (2,318) 2008 5/29/2015 (1) Superior Residences of Panama City Panama City Beach, Florida $ — $ 2,099 $ 19,367 $ 14 17 $ ― $ 2,113 $ 19,384 $ ― $ 21,497 $ (2,456) 2015 7/15/2015 (1) The Hampton at Meadows Place Fort Bend, Texas ("Houston") $ — $ 715 $ 24,281 $ — $ 283 $ ― $ 715 $ 24,564 $ ― $ 25,279 $ (2,819) 2007/2013/2014 7/31/2015 (1) The Pavilion at Great Hills Austin, Texas $ — $ 1,783 $ 29,318 $ 30 $ 209 $ ― $ 1,813 $ 29,527 $ ― $ 31,340 $ (3,431) 2010 7/31/2015 (1) The Beacon at Gulf Breeze Gulf Breeze, Florida ("Pensacola") $ — $ 824 $ 24,106 $ 84 $ 149 $ ― $ 908 $ 24,255 $ ― $ 25,163 $ (2,910) 2008 7/31/2015 (1) Parc at Piedmont Marietta, Georgia ("Atlanta") $ — $ 3,529 $ 43,080 $ 31 $ 311 $ ― $ 3,560 $ 43,391 $ ― $ 46,951 $ (5,202) 2001/2011 7/31/2015 (1) Parc at Duluth Duluth, Georgia ("Atlanta") $ — $ 5,951 $ 42,458 $ 47 $ 1,061 $ ― $ 5,998 $ 43,519 $ — $ 49,517 $ (5,467) 2003/2012 7/31/2015 (1) Waterstone on Augusta Greenville, South Carolina $ — $ 2,253 $ — $ 2,116 $ 20,786 $ ― $ 4,369 $ 20,786 $ ― $ 25,155 $ (1,845) 2017 8/31/2015 (1) Wellmore of Lexington Lexington, South Carolina ("Columbia") $ — $ 2,300 $ — $ 3,150 $ 43,085 $ ― $ 5,450 $ 43,085 $ ― $ 48,535 $ (3,286) 2017 9/14/2015 (1) Palmilla Senior Living Albuquerque, New Mexico $ — $ 4,701 $ 38,321 $ — $ 65 $ ― $ 4,701 $ 38,386 $ ― $ 43,087 $ (4,465) 2013 9/30/2015 (1) Cedar Lake Assisted Living and Memory Care Lake Zurich, Illinois ("Chicago") $ — $ 2,412 $ 25,126 $ 6 $ 9 $ ― $ 2,418 $ 25,135 $ ― $ 27,553 $ (2,921) 2014 9/30/2015 (1) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2019 (in thousands) Initial Costs Costs Capitalized Subsequent to Acquisition Gross Amounts at which Carried at Close of Period (2) Property/Location Encum- brances Land & Land Improve- ments Building and Building Improve- ments Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Land & Land Improve- ments Building and Building Improve- ments Construc- tion in Process Total Accumu-lated Depreci-ation Date of Construction Date Acquired Life on which depreciation in latest income statement is computed Fieldstone at Pear Orchard Yakima Washington $ 8,282 $ 1,035 $ — $ 102 $ 13,499 $ ― $ 1,137 $ 13,499 $ ― $ 14,636 $ (1,088) 2016 10/12/2015 (1) The Shores of Lake Phalen Maplewood, Minnesota ("St. Paul") $ — $ 2,724 $ 25,093 $ 10 $ 90 $ ― $ 2,734 $ 25,183 $ ― $ 27,917 $ (2,845) 2012 11/10/2015 (1) Dogwood Forrest of Grayson Grayson, Georgia $ — $ 1,788 $ — $ 109 $ 22,051 $ ― $ 1,897 $ 22,051 $ ― $ 23,948 $ (1,471) 2017 11/24/2015 (1) Park Place Senior Living at WingHaven O'Fallon, Missouri ("St. Louis") $ — $ 1,283 $ 48,221 $ 113 $ 763 $ ― $ 1,396 $ 48,984 $ ― $ 50,380 $ (5,183) 2006/2014 12/17/2015 (1) Hearthside Senior Living of Collierville Collierville, Tennessee ("Memphis") $ — $ 1,756 $ 13,379 $ 7 $ 28 $ ― $ 1,763 $ 13,407 $ ― $ 15,170 $ (1,498) 2014 12/29/2015 (1) Cobalt Rehabilitation Hospital New Orleans New Orleans, Louisiana $ — $ 3,283 $ 20,142 $ 5 $ 5 $ ― $ 3,288 $ 20,147 $ ― $ 23,435 $ (1,050) 2016 10/19/2016 (1) Isle at Watercrest - Mansfield Mansfield, Texas (“Dallas/Fort Worth”) $ — $ 1,056 $ — $ — $ — $ ― $ 1,056 $ — $ ― $ 1,056 $ — — 9/7/2017 (1) $ 377,256 $ 127,922 $ 1,350,177 $ 11,502 $ 223,226 $ ― $ 139,424 $ 1,573,403 $ — $ 1,712,827 $ (226,529) CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2019 (in thousands) Transactions in real estate and accumulated depreciation as of December 31, 2019 are as follows: Balance December 31, 2016 $ 2,692,074 Balance December 31, 2016 $ (153,124) 2017 Acquisitions 1,056 2017 Depreciation (66,333) 2017 Improvements 28,675 Balance December 31, 2017 (219,457) Balance December 31, 2017 2,721,805 2018 Depreciation (60,821) 2018 Improvements 9,052 2018 Accumulated depreciation on dispositions 633 2018 Dispositions (5,359) Balance December 31, 2018 (279,645) 2018 Impairments (11,818) 2019 Depreciation (41,737) Balance December 31, 2018 2,713,680 2019 Accumulated depreciation on disposition 94,853 2019 Improvements 4,039 $ (226,529) 2019 Dispositions (1,004,892) $ 1,712,827 FOOTNOTES: (1) Buildings and building improvements are depreciated over 39 and 15 years, respectively. Tenant improvements are depreciated over the terms of their respective leases. (2) The aggregate cost for federal income tax purposes is approximately $1.9 billion.

SCHEDULE IV-Mortgage Loans on R

SCHEDULE IV-Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2019
Mortgage Loans On Real Estate [Abstract]
SCHEDULE IV-Mortgage Loans on Real Estate	CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES YEARS ENDED DECEMBER 31, 2019, 2018 AND 2017 (in thousands) The following is a reconciliation of mortgages and other notes receivable on real estate for the years ended December 31, 2019, 2018 and 2017 (in thousands): 2019 2018 2017 Balance at beginning of year $ 1,688 $ 1,179 $ ― Additions during period: New mortgage loans and additional advances 531 432 1,168 Accrued and deferred interest 9 77 11 Deductions during period: Collection of principal (1,746) ― ― Balance at end of year $ 482 $ 1,688 $ 1,179

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
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 analysis of real estate impairments, the valuation of contingent assets and liabilities, and the valuation of restricted stock shares issued to the Advisor. Accordingly, actual results could differ from those estimates.
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. 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 value and the decline in value is determined to be other than a temporary decline.
Assets Held For Sale Net And Discontinued Operations	Assets Held For Sale, net and Discontinued Operations — The Company determines to classify a 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 assets 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. For any disposal(s) qualifying as discontinued operations, the Company allocates interest expense and loan cost amortization that directly relates to either: (1) expense on mortgages and other notes payable collateralized by properties classified as discontinued operations; or (2) expense on the Company’s Credit Facilities, which is allocated based on the value of the properties that are classified as discontinued operations since these properties are included in the Credit Facilities’ unencumbered pool of assets and the related indebtedness is required to be repaid upon sale of the properties.
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, 2019, 2018 and 2017, the Company incurred interest expense and loan cost amortization of approximately $54.3 million, $75.0 million and $68.3 million, respectively, of which approximately $0.03 million, $0.06 million and $2.1 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. As of December 31, 2019, 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 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, 2019 and 2018, the accumulated amortization of loan costs was approximately $8.1 million and $13.1 million, respectively.
Deferred Lease-Related Costs	Deferred Lease-Related Costs — The Company deferred lease-related costs that it incurred to obtain new or extend existing leases. The Company amortized these costs using the straight-line method of accounting over the shorter of the respective lease term or estimated useful life. If a lease was terminated or modified prior to its scheduled expiration, the Company recognized 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 related revenues 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. Rental income and related revenues also includes amounts for which tenants are required to reimburse the Company related to expenses incurred on behalf of the tenants, in accordance with the terms of the leases. Tenant reimbursements are recognized in the period in which the related reimbursable expenses are incurred, such as real estate taxes, common area maintenance, and similar items. 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 such amounts are earned and are included in rental income and related revenues in the accompanying consolidated statement of operations. Additional percentage rent that is due contingent upon tenant performance thresholds, such as gross revenues, is deferred until the underlying performance thresholds have been achieved. Resident fees and services are operating revenues relating to the Company’s managed seniors housing properties, which are operated under RIDEA structures. Resident fees and services directly relate to the provision of monthly goods and services that are generally bundled together under a single resident agreement. The Company accounts for its resident agreements as a single performance obligation under ASC 606 given the Company’s overall promise to provide a series of stand-ready goods and services to its residents each month. Resident fees and services are recorded in the period in which the goods are provided and 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. Resident agreements are generally short-term in nature, billed monthly in advance and cancelable by the residents with a 30-day notice. Resident agreements may require the payment of upfront fees prior to moving into the community with any non-refundable portion of such fees being recorded as deferred revenue and amortized over the estimated resident stay.
Reclassifications	Reclassifications — Certain amounts in the prior years’ consolidated balance sheet, statements of operations and statements of cash flows have been reclassified to conform to the current year’s presentation, primarily related to classification of certain properties as held for sale and/or discontinued operations, with no effect on the other previously reported consolidated financial statements. In addition, certain amounts in the statements of operations have been reclassified to change the presentation of Company’s gain on sale of real estate and include it as a component of operating income in accordance with ASC 360-10-45-5 as a result of the SEC’s elimination of Rule 3-15(a) of Regulation S-X.
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. 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 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. 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 Redemption Plan, a stockholder’s shares were deemed to have been redeemed as of the date that the Company accepted the stockholder’s request for redemption. From and after such date, the stockholder by virtue of such redemption was no longer entitled to any rights as a stockholder in the Company. Shares redeemed were 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.
Share Based Payments to Non-Employees	Share-Based Payments to Non-Employees — In connection with the expense support agreement described in Note 11. “Related Party Arrangements,” the Company may issue Restricted Stock to the Advisor on an annual basis in exchange for providing expense support in the event that cash distributions declared exceed MFFO as defined by the expense support agreement. 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 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 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 agreement, the Advisor 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 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. 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.
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 annual 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 qualify 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 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 hypothetical liquidation at book value (“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.
Adopted Accounting Pronouncements	Adopted Accounting Pronouncements — 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 also requires qualitative and quantitative disclosures designed to give financial statement users additional information on the amount, timing, and uncertainty of cash flows arising from leases. In July 2018, the FASB issued ASU 2018-11, “Leases (Topic 842): Targeted Improvements,” which includes a practical expedient for lessors that allows 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. The Company elected the practical expedient and applied the guidance to all of the leases that qualified under the established criteria. In December 2018, the FASB issued ASU 2018-20, “Leases (Topic 842): Narrow-Scope Improvements for Lessors,” which addressed challenges encountered in determining certain lessor costs paid by the lessee directly to third parties by allowing lessors to exclude these costs from its variable lease payments. This amendment did not have a material impact on the Company’s financial statements and related disclosures as it conformed ASC 842 to the Company’s historical accounting under ASC 840. All of the ASC 842 ASU’s are effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2018. The Company adopted these ASU’s on January 1, 2019 using a modified retrospective approach, which impacted the Company’s consolidated financial statements and related financial statement disclosures; specifically, the Company’s consolidated financial position as it relates to the required presentation for arrangements such as ground or other leases in which the Company is the lessee. However, the adoption of this ASU did not have a material impact on the Company’s consolidated results of operations or cash flows. In June 2018, the FASB issued ASU 2018-07, “Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting,” which expands the scope to include share-based payment transactions for acquiring goods and services from nonemployees. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payments. The amendments also clarify that this ASU does not apply to share-based payments used to provide financing to the issuer or awards granted in conjunction with selling of goods or services to customers as a part of a contract accounted for under Revenue from Contracts with Customers (Topic 606). The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2018. The Company adopted this ASU prospectively on January 1, 2019; the adoption of which did not have a material impact on the Company’s consolidated results of operations or cash flows.
Recent Accounting Pronouncements	Recent Accounting Pronouncements — In June 2016, the FASB issued ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments (Topic 326),” which requires a new forward-looking expected loss model to be used for receivables, held-to-maturity debt, loans and other financial instruments. Previously, when credit losses were measured under current GAAP, an entity generally only considered past events and current conditions in measuring the incurred loss. The amendments eliminate the probable initial threshold for recognition of credit losses in current GAAP and, instead, reflect an entity’s current estimate of all expected credit losses over the life of the financial instrument. The ASU is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2019. The Company has determined it will adopt this ASU on January 1, 2020, the adoption of which is not expected to have a material impact on the Company’s consolidated results of operations or cash flows.

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Summary of Disaggregation of Revenue	The following tables represent the disaggregated revenue for resident fees and services during the years ended December 31, 2019, 2018 and 2017: Years Ended December 31, Number of Units Revenue (in millions) Percentage of Revenues Resident fees and services: 2019 2018 2017 2019 2018 2017 2019 2018 2017 Independent living 2,261 2,261 2,261 $ 74.3 $ 71.7 $ 59.5 25.8 % 25.9 % 23.9 % Assisted living 2,966 2,966 2,966 140.5 137.6 128.8 48.7 % 49.7 % 51.7 % Memory care 853 853 853 59.4 54.4 48.9 20.6 % 19.7 % 19.6 % Other revenues ― ― — 14.1 12.9 11.7 4.9 % 4.7 % 4.8 % 6,080 6,080 6,080 $ 288.3 $ 276.6 $ 248.9 100.0 % 100.0 % 100.0 %

Real Estate Assets, net (Tables

Real Estate Assets, net (Tables)	12 Months Ended
	Dec. 31, 2019
Real Estate [Abstract]
Schedule of Real Estate Investment Properties Excluding Assets Held For Sale	The gross carrying amount and accumulated depreciation of the Company’s real estate assets as of December 31, 2019 and 2018 are as follows, excluding assets held for sale (in thousands): As of December 31, 2019 2018 Land and land improvements $ 130,371 $ 130,133 Building and building improvements 1,478,111 1,475,789 Furniture, fixtures and equipment 85,977 81,666 Less: accumulated depreciation (281,864) (232,439) Real estate investment properties, net $ 1,412,595 $ 1,455,149

Intangibles, net (Tables)

Intangibles, net (Tables)	12 Months Ended
	Dec. 31, 2019
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 as of December 31, 2019 and 2018 are as follows (in thousands): As of December 31, 2019 2018 In-place lease intangibles $ 83,113 $ 83,113 Less: accumulated depreciation (81,893) (81,499) Intangible assets, net $ 1,220 $ 1,614
Schedule of Estimated Future Amortization	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, 2019 is as follows (in thousands): 2020 $ 394 2021 394 2022 253 2023 74 2024 74 Thereafter 31 $ 1,220

Assets and Associated Liabili_2

Assets and Associated Liabilities Held For Sale and Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2019
Real Estate Liabilities Associated With Assets Held For Development And Sale [Abstract]
Schedule of Assets Classified as Held for Sale and Liabilities Associated with Those Assets Held for Sale	As of December 31, 2019, the nine properties classified as assets held for sale and liabilities associated with those assets held for sale consisted of the following (in thousands): As of December 31, 2019 MOB/Healthcare Portfolio Other Total Real estate held for sale, net $ 48,366 $ 46,908 $ 95,274 Intangibles, net 6,252 800 7,052 Deferred rent and lease incentives 3,158 4,952 8,110 Other assets 1,200 68 1,268 Restricted cash 118 72 190 Assets held for sale, net $ 59,094 $ 52,800 $ 111,894 Accounts payable and accrued liabilities $ 34 $ 3 $ 37 Other liabilities 392 684 1,076 Liabilities associated with assets held for sale $ 426 $ 687 $ 1,113 As of December 31, 2018, the 70 properties classified as assets held for sale and liabilities associated with those assets held for sale consisted of the following (in thousands): As of December 31, 2018 MOB/Healthcare Portfolio Other Total Real estate held for sale, net $ 952,656 $ 51,339 $ 1,003,995 Real estate under development 3,490 ― 3,490 Intangibles, net 82,417 800 83,217 Deferred rent and lease incentives 36,562 6,501 43,063 Other assets 11,425 182 11,607 Restricted cash 2,013 260 2,273 Assets held for sale, net $ 1,088,563 $ 59,082 $ 1,147,645 Mortgages and other notes payable $ 492,701 $ 8,097 $ 500,798 Credit facilities 212,731 34,778 247,509 Other liabilities 16,653 634 17,287 Accounts payable and accrued liabilities 8,425 ― 8,425 Liabilities associated with assets held for sale $ 730,510 $ 43,509 $ 774,019
Summary of Income (Loss) from Discontinued Operations	The following table is a summary of income (loss) from discontinued operations for the years ended December 31, 2019, 2018 and 2017 (in thousands): Years Ended December 31, 2019 2018 2017 Revenues: Rental income and related revenues $ 50,379 $ 114,719 $ 113,709 Operating expenses: Property operating expenses 11,376 30,538 30,254 General and administrative 470 1,291 1,086 Asset management fees 4,984 11,984 12,042 Property management fees 1,257 3,679 4,249 Financing coordination fees ― 2,326 ― Contingent purchase price consideration adjustment ― ― 47 Impairment provision 67 4,392 ― Depreciation and amortization ― 31,961 43,567 Total operating expenses 18,154 86,171 91,245 Gain on sale of real estate 336,074 ― ― Operating income 368,299 28,548 22,464 Other income (expense): Interest and other income (expense) 56 109 (73) Interest expense and loan cost amortization (14,831) (33,060) (30,089) Total other income (expense) (14,775) (32,951) (30,162) Income (loss) before income taxes 353,524 (4,403) (7,698) Income tax expense (187) (6) (75) Income (loss) from discontinued operations $ 353,337 $ (4,409) $ (7,773)

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of Future Minimum Lease Payments to be Received Under Non-Cancellable Operating Leases Excluding Properties Classified as Discontinued Operations	The following are future minimum lease payments to be received under non-cancellable operating leases for the five years and thereafter, in the aggregate, as of December 31, 2019, excluding the nine remaining properties classified as held for sale (in thousands): 2020 $ 28,526 2021 29,128 2022 21,542 2023 20,949 2024 21,457 Thereafter 29,602 $ 151,204

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities	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, 2019 and December 31, 2018 are as follows (in thousands): As of December 31, 2019 2018 Assets: Real estate investment properties, net $ 45,329 $ 146,341 Assets held for sale, net (1) $ — $ 39,601 Cash $ 1,024 $ 342 Other assets $ 577 $ 678 Deferred rent and lease incentives $ — $ 7,160 Restricted cash $ 76 $ 208 Liabilities: Mortgages and other notes payable, net $ 29,148 $ 102,578 Liabilities associated with assets held for sale (1) $ — $ 30,695 Accounts payable and accrued liabilities $ 1,286 $ 784 Other liabilities $ 219 $ 1,321 FOOTNOTE: (1) Refer to Note 6. “Assets and Associated Liabilities Held For Sale and Discontinued Operations” for additional information.

Contingent Purchase Price Con_2

Contingent Purchase Price Consideration (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Contingent Purchase Price Consideration	The following tables provide a roll-forward of the fair value of the Company’s aggregate contingent purchase price consideration for the year ended December 31, 2017 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 $ ― $ ― $ ― $ (4,000) $ 4,000 $ ― $ ― $ ― FOOTNOTES: (1) In connection with the purchase of Superior Residences of Panama City, FL, the Company entered into an earn-out agreement with the seller whereby up to $4 million in additional consideration was owed in the event that certain performance targets were met during the immediate 36 months post-closing. The Company paid the additional consideration and has no remaining obligations pursuant to the Panama City Earn-Out agreement.

Indebtedness (Tables)

Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Details of Indebtedness, Excluding Indebtedness Associated with Assets Held for Sale	The following table provides details of the Company’s indebtedness as of December 31, 2019 and 2018, excluding indebtedness related to assets held for sale (in thousands): As of December 31, 2019 2018 Mortgages payable and other notes payable: Fixed rate debt $ 368,974 $ 358,843 Variable rate debt (1) (2) 8,282 174,046 Mortgages and other notes payable (3) 377,256 532,889 Premium (4) 142 184 Loan costs, net (1,470) (2,429) Total mortgages and other notes payable, net 375,928 530,644 Credit facilities: 2014 Revolving Credit Facility (1) (2) (5) — — First Term Loan Facility (2) — 151,616 Second Term Loan Facility (1) (2) — 275,000 2019 Revolving Credit Facility (1) (5) 40,000 — 2019 Term Loan Facility (1) 265,000 — Loan costs, net related to Term Loan Facilities (2,050) (1,003) Total credit facilities, net 302,950 425,613 Total indebtedness, net $ 678,878 $ 956,257 FOOTNOTES: (1) As of December 31, 2019 and 2018, the Company had entered into interest rate caps with notional amounts of approximately $281.0 million and $330.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information. (2) As of December 31, 2019, the Company did not have any interest rate swaps. As of December 31, 2018, the Company had entered into interest rate swaps with notional amounts of approximately $151.6 million. These interest rate swaps were settled in connection with the refinancing of the credit facilities in May 2019. Refer to Note 12. “Derivative Financial Instruments” for additional information. (3) As of December 31, 2019 and 2018, the Company’s mortgages and other notes payable are collateralized by 32 and 37 properties, respectively, with total carrying value of approximately $567.8 million and $769.0 million, respectively. (4) Premium is reflective of the Company recording mortgage note payables assumed at fair value on the respective acquisition dates. (5) As of December 31, 2019 and 2018, the Company had undrawn availability under the applicable revolving credit facility of approximately $181.7 million and $14.7 million, respectively, based on the value of the properties in the unencumbered pool of assets supporting the loan, which includes certain assets held for sale.
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, 2019 (in thousands): 2020 $ 39,642 2021 11,311 2022 282,220 2023 63,417 2024 285,666 Thereafter — $ 682,256
Schedule of Indebtedness	The following table details the Company’s mortgages and other notes payable as of December 31, 2019 and 2018, excluding assets held for sale (in thousands): Interest Rate at December 31, December 31, Property and Loan Type 2019 (1) Payment Terms Maturity Date (2) 2019 2018 Primrose II Communities; Mortgage Loan 3.81% per annum Monthly principal and interest payments based on a 30-year amortization schedule 6/1/20 $ 20,533 $ 21,047 Pacific Northwest Communities; Mortgage Loans 4.30% per annum Monthly principal and interest payments based on a 25-year amortization schedule 1/5/22 196,598 202,978 Capital Health Communities; Mortgage Loans (3) (3) Monthly principal and interest payments based on a 25-year amortization schedule 1/5/22 58,387 60,902 Primrose I Communities; Mortgage Loan (4) 4.11% per annum Monthly principal and interest payments based on a 30-year amortization schedule 9/1/22 47,557 48,753 Watercrest at Mansfield; Mortgage Loan (5) 4.68% per annum Monthly principal and interest payments based on a total payment of $143,330 6/1/23 24,625 25,163 Watercrest at Katy; Mortgage Loan 3.25% per annum Monthly interest only payments through November 2022; principal and interest payments thereafter based on a 25-year amortization schedule 11/15/24 21,274 ― Total fixed rate debt 368,974 358,843 Shores of Lake Phalen; Secured Term Loan 30-day LIBOR plus 2.42% per annum Monthly interest only payments through June 2019 6/30/19 — 16,859 Wellmore of Lexington; Construction Loan 30-day LIBOR plus 2.5% per annum Monthly interest only payments through September 2019 9/13/19 — 35,421 Watercrest at Katy Construction Loan 30-day LIBOR plus 2.75% per annum Monthly principal and interest payments based on a 30-year amortization schedule 12/27/19 — 21,552 Wellmore of Tega Cay; Construction Loan 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 — 27,715 Palmilla Senior Living; Mortgage Loan 30-day LIBOR plus 2.0% per annum Monthly interest only payments through April 2017; principal and interest payments thereafter based on a 30-year amortization schedule 3/22/20 — 26,478 Waterstone on Augusta; Construction Loan 30-day LIBOR plus 3.0% per annum Monthly interest only payments through September 2018; principal and interest payments thereafter based on a 30-year amortization schedule 9/1/20 — 18,830 10. Indebtedness (continued) Interest Rate at December 31, December 31, Property and Loan Type 2019 (1) Payment Terms Maturity Date (2) 2019 2018 Fieldstone at Pear Orchard; Construction Loan 30-day LIBOR plus 2.9% per annum Monthly interest only payments through September 2018; principal payments thereafter based on a 25-year amortization schedule 10/15/20 8,282 10,791 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 — 16,400 Total variable rate debt 8,282 174,046 Total mortgages and other notes payable, net $ 377,256 $ 532,889 FOOTNOTES: (1) The 30-day and 90-day LIBOR were approximately 1.76% and 1.91%, respectively, as of December 31, 2019 and approximately 2.50% and 2.81%, respectively, as of December 31, 2018. (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) Consists of a mortgage loan and a supplemental loan. The mortgage 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. (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 $0.1 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date. 10. Indebtedness (continued) The following table provide details of the Company’s mortgages and other notes payable included within the liabilities associated with assets held for sale as of December 31, 2019 and 2018 (in thousands): December 31, Property and Loan Type Interest Rate (1) Payment Terms Maturity Date (2) 2019 2018 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 $ — $ 19,581 ProMed Medical Building I; Mortgage Loan 3.64% per annum Monthly principal and interest payments based upon a 30-year amortization schedule 1/15/22 — 6,473 540 New Waverly Place; Mortgage Loan 4.08% per annum Monthly principal and interest payments based upon a 25-year amortization schedule 5/31/28 — 6,452 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 — 7,335 Total fixed rate debt — 39,841 Calvert Medical Office Properties; Mortgage Loan 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 — ― Welbrook Senior Living Grand Junction; Secured Term Loan 30-day LIBOR plus 2.42% per annum Monthly interest only payments through June 2019 6/30/19 — 8,141 Medical Portfolio II Properties; Mortgage Loan 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 — 77,074 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 10/31/19 — 6,628 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 3/5/20 — 17,043 10. Indebtedness (continued) Interest Rate at December 31, December 31, Property and Loan Type 2019 (1) Payment Terms Maturity Date (2) 2019 2018 Triangle Orthopaedic; Mortgage Loan 30-day LIBOR plus 2.25% per annum Interest only payments through March 2017; principal payments thereafter based on a 30-year amortization schedule 4/11/21 $ — $ 36,962 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 — 14,829 Knoxville Medical Office Properties and Claremont Medical Office; Mortgage Loan 30-day LIBOR plus 2.45% per annum Monthly principal and interest payments based on a 30-year amortization schedule 5/24/22 — 51,575 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 — 19,055 MHOSH; Mortgage Loan 30-day LIBOR plus 2.20% per annum Interest only payments through June 2020; principal payments thereafter based on a 30-year amortization schedule 5/24/23 — 57,630 Southeast Medical Office Properties; Mortgage Loan 30-day LIBOR plus 2.0% per annum Interest only payments through January 2021; principal payments thereafter based on a 30-year amortization schedule 6/14/23 — 175,000 Total variable rate debt — 463,937 Total indebtedness associated with assets held for sale $ — $ 503,778 FOOTNOTES: (1) The 30-day and 90-day LIBOR were approximately 2.50% and 2,81%, respectively, as of December 31, 2018. (2) Represents the initial maturity date (or, as applicable, the maturity date as extended). These loans were repaid during 2019 with the related sales of the properties.
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, 2019 and 2018 (in millions): December 31, 2019 December 31, 2018 Fair Value Carrying Value Fair Value Carrying Value Mortgages and other notes payable, net $ 381.2 $ 375.9 $ 528.7 $ 530.6 Credit facilities $ 305.0 $ 303.0 $ 426.6 $ 425.6 Indebtedness associated with assets held for sale $ — $ — $ 751.8 $ 748.3

Related Party Arrangements (Tab

Related Party Arrangements (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Schedule of Fees, Reimbursable Expenses and Related Amounts Unpaid to Related Parties	The expenses and fees incurred by and reimbursable to the Company’s related parties, including amounts included in the loss from discontinued operations for the years ended December 31, 2019, 2018 and 2017, and related amounts unpaid as of December 31, 2019 and 2018 are as follows (in thousands): Unpaid amounts (1) Years Ended December 31, as of December 31, 2019 2018 2017 2019 2018 Reimbursable expenses: Operating expenses (2) $ 5,066 $ 6,203 $ 5,791 $ 698 $ 722 Acquisition fees and expenses — — 6 — — 5,066 6,203 5,797 698 722 Investment services fees (3) — 60 126 — ― Disposition fee (4) 3,031 58 — — ― Financing coordination fees (5) 5,553 2,326 3,601 — ― Property management fees (6) — 2,323 4,807 — — Asset management fees (7) 23,281 30,385 30,157 1,577 2,533 $ 36,931 $ 41,355 $ 44,488 $ 2,275 $ 3,255 FOOTNOTES: (1) Amounts are recorded as due to related parties in the accompanying consolidated balance sheets. (2) Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations unless such amounts represent prepaid expenses, which are capitalized in the accompanying consolidated balance sheets. 11. Related Party Arrangements (continued) (3) For the year ended December 31, 2018, 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, 2017, the Company incurred approximately $0.1 million in investment service fees of which approximately $0.1 million was capitalized and included in real estate under development. There were no investment service fees incurred for the year end December 31, 2019. 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, 2019, the Company incurred approximately $5.6 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties of which approximately $3.7 million were capitalized as loan costs and reduced mortgages and other notes payable, net in the accompanying consolidated balance sheets. For the year ended December 31, 2018, the Company incurred approximately $2.3 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties. 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. (6) For the years ended December 31, 2018 and 2017, the Company incurred approximately $2.3 million and $4.8 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $5,000 and $0.3 million, respectively, in construction management fees were capitalized and included in real estate under development in the accompanying consolidated balance sheets. The Property Management Agreement was not renewed beyond its expiration date of June 2018. (7) For the years ended December 31, 2019, 2018 and 2017, the Company incurred approximately $23.3 million, $30.4 million and $30.2 million, respectively, in asset management fees payable to the Advisor. No expense support was received for the years ended December 31, 2019, 2018 and 2017. There was approximately $11,000 and $0.5 million in asset management fees that were capitalized and included in real estate under development in the accompanying consolidated balance sheets for the years ended December 31, 2018 and 2017, respectively. There were no asset management fees capitalized for the year ended December 31, 2019.

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Derivative Financial Instruments and Corresponding Asset (Liability)	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, 2019 and 2018 (in thousands): Fair value asset (liability) as of Notional Amount Strike (1) Credit Spread (1) Trade date Forward date Maturity date December 31, 2019 December 31, 2018 $ ― (2) (3) 2.3 % 2.4 % 9/12/2014 8/1/2015 7/15/2019 $ ― $ 168 $ ― (2) 1.6 % 2.0 % 12/23/2014 12/19/2014 2/19/2019 $ ― $ 220 $ ― (2) (3) 1.7 % 2.0 % 1/9/2015 12/10/2015 12/22/2019 $ ― $ 966 $ ― (4) 2.3 % ― % 8/29/2017 8/29/2017 9/1/2019 $ ― $ 247 $ 223,000 (3) (4) 3.0 % ― % 3/28/2018 11/30/2018 12/19/2019 $ ― $ 44 $ ― (3) (4) 3.0 % ― % 3/28/2018 7/10/2018 12/19/2019 $ ― $ 6 $ ― (3) (4) 3.0 % ― % 3/28/2018 2/19/2019 12/19/2019 $ ― $ 19 $ ― (3) (4) 3.0 % ― % 5/4/2018 5/4/2018 12/19/2019 $ ― $ 6 $ 10,500 (4) 3.3 % ― % 2/28/2019 3/1/2019 9/1/2021 $ ― $ ― $ 50,000 (4) 2.3 % ― % 8/16/2019 9/1/2019 12/31/2020 $ ― $ ― $ 231,000 (4) 2.0 % ― % 12/12/2019 12/20/2019 12/31/2020 $ 2 $ ―
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, 2019 and 2018 (in thousands): Gross and net amounts of asset (liability) as of December 31, 2019 Gross amounts as of December 31, 2019 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 223,000 (3) $ ― $ ― $ ― $ ― $ ― $ ― $ 10,500 (4) $ ― $ ― $ ― $ ― $ ― $ ― $ 50,000 (4) $ ― $ ― $ ― $ ― $ ― $ ― $ 231,000 (4) $ 2 $ ― $ 2 $ 2 $ ― $ 2 Gross and net amounts of asset (liability) as of December 31, 2018 Gross amounts as of December 31, 2018 Notional amount Gross amount Offset amount Net amount Financial Instruments Cash Collateral Net Amount $ 79,201 (2) $ 168 $ ― $ 168 $ 168 $ ― $ 168 $ 175,000 (2) $ 220 $ ― $ 220 $ 220 $ ― $ 220 $ 125,087 (2) $ 966 $ ― $ 966 $ 966 $ ― $ 966 $ 117,000 (4) $ 247 $ ― $ 247 $ 247 $ ― $ 247 $ 410,000 (4) $ 44 $ ― $ 44 $ 44 $ ― $ 44 $ 51,575 (4) $ 6 $ ― $ 6 $ 6 $ ― $ 6 $ 175,000 (4) $ 19 $ ― $ 19 $ 19 $ ― $ 19 $ 57,630 (4) $ 6 $ ― $ 6 $ 6 $ ― $ 6 FOOTNOTES: (1) The all-in rates are equal to the sum of the Strike and Credit Spread detailed above. 12 Derivative Financial Instruments (continued) (2) Amounts related to interest rate swaps held by the Company which are recorded at fair value and included in either other assets or other liabilities in the accompanying condensed consolidated balance sheets. (3) All or a portion of these derivative financial instruments were settled in connection with the pay down of the respective loan balances. (4) 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 (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Tax Components of Dividends Declared	The tax composition of the Company’s distributions declared for the years ended December 31, 2019, 2018 and 2017 were as follows: Years Ended December 31, 2019 2018 2017 Ordinary income 0.0% 0.0% 0.0% Capital gain 42.85% 0.0% 0.0% Unrecaptured Sec. 1250 gain 20.10% 0.0% 0.0% Return of capital 37.05% 100.0% 100.0%
Distribution of Promoted Interest to Share Holder	Promoted Interest — In connection with the Company’s promoted interest agreements, certain operating targets have been established which, upon meeting such targets, result in the developer being entitled to additional payments based on enumerated percentages of the assumed net proceeds of a deemed sale, subject to achievement of an established internal rate of return on the Company’s investment in the development. For the years ended December 31, 2019, 2018 and 2017, the Company accrued, as a (reduction)/reversal to capital in excess of par value, the following distributions to holders of promoted interest (in thousands): Years Ended December 31, 2019 2018 2017 HarborChase of Villages Crossing $ ― $ $ (955) Dogwood Forest of Grayson 406 (406) ― $ 406 $ (406) $ (955)
Effect of Derivative Financial Instruments	13. Equity (continued) 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 income (loss) for the years ended December 31, 2019, 2018 and 2017 (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 income (loss) into earnings Years Ended Years Ended December 31, December 31, 2019 2018 2017 2019 2018 2017 Interest rate swaps $ (846) $ 1,219 $ 5,573 Interest expense and loan cost amortization $ 921 $ 2,457 $ (3,902) Interest rate caps (134) 690 1,013 Interest expense and loan cost amortization (361) (1,957) (849) Reclassification of interest rate swaps upon derecognition (509) 253 318 Interest expense and loan cost amortization 509 (253) (318) Reclassification of interest rate caps upon derecognition 265 — (26) Interest expense and loan cost amortization (265) ― 26 Interest rate cap held by unconsolidated joint venture 11 ― — Not applicable (11) ― ― Total $ (1,213) $ 2,162 $ 6,878 $ 793 $ 247 $ (5,043)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Components of Income Tax Expense	The components of the income tax (expense) benefit for the years ended December 31, 2019, 2018 and 2017 were as follows (in thousands): Years Ended December 31, 2019 2018 2017 Current: Federal $ 51 $ 113 $ (245) State (558) (477) (448) Total current expense (507) (364) (693) Deferred: Federal (1,562) (3,333) 8,826 State (120) 66 305 Total deferred benefit (1,682) (3,267) 9,131 Income tax (expense) benefit $ (2,189) $ (3,631) $ 8,438
Significant Components of Deferred Tax Assets	Significant components of the Company’s deferred tax assets as of December 31, 2019 and 2018 are as follows: 2019 2018 Carryforwards of net operating loss $ 3,653 $ 6,046 Minimum tax credit carryforward 59 118 Prepaid rent 1,648 712 Valuation allowance (1,096) (946) Deferred tax assets, net $ 4,264 $ 5,930
Reconciliation of Income Tax (Expense) Benefit	A reconciliation of the income tax (expense) benefit computed at the statutory federal tax rate on income before income taxes is as follows (in thousands): Years Ended December 31, 2019 2018 2017 Tax (expense) benefit computed at federal statutory rate $ (136) (21.00) % $ 3,593 21.00 % $ 9,442 35.00 % Impact of REIT election (1,437) (221.44) % (6,922) (40.45) % (10,650) (39.48) % State income tax expense net of federal benefit (466) (71.76) % (399) (2.33) % (331) (1.23) % Effect of change in future tax rates ― ― % ― ― % 1,861 6.90 % Effect of change in valuation allowance (150) (23.11) % 97 0.57 % 8,116 30.09 % Income tax (expense) benefit $ (2,189) (337.31) % $ (3,631) (21.21) % $ 8,438 31.28 %

Concentration of Credit Risk (T

Concentration of Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2019
Risks And Uncertainties [Abstract]
Geographical Concentrations that Individually Accounted for 10% or More of Total Revenues Excluding Assets Classified as Held for Sale	For the years ended December 31, 2019, 2018 and 2017, the Company had a geographical concentration accounting for 10% or more of its total revenues, excluding the 63 properties classified as discontinued operations, as follows: Type of Years Ended December 31, Concentration 2019 2018 2017 State of Texas (1) Geographical 20.8 % 20.6 % 20.8 % FOOTNOTE: (1) Includes rental income and related revenues 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 _2

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	The following table presents selected unaudited quarterly financial data for the years ended December 31, 2019 and 2018 (in thousands, except per share data): 2019 Quarters First Second Third Fourth Full Year Total revenues $ 80,198 $ 80,147 $ 80,202 $ 81,344 $ 321,891 Operating income 10,829 6,358 11,054 9,550 37,791 Income (loss) from continuing operations (566) (4,843) 1,591 2,277 (1,541) Income from discontinued operations 10,474 333,370 3,877 5,616 353,337 Net income attributable to common stockholders 9,900 328,272 5,454 7,870 351,496 Net (loss) income per share of common stock (basic and diluted) Continuing operations (0.00) (0.03) 0.01 0.01 (0.01) Discontinued operations 0.06 1.92 0.02 0.03 2.03 Weighted average number of shares outstanding (basic and diluted) 173,963 173,963 173,963 173,963 173,963 17. Selected Quarterly Financial Data (Unaudited) 2018 Quarters First Second Third Fourth Full Year Total revenues $ 76,319 $ 77,189 $ 78,471 $ 79,615 $ 311,594 Operating income 5,176 8,597 10,098 118 23,989 Loss from continuing operations (5,720) (2,700) (635) (11,687) (20,742) (Loss) income from discontinued operations (2,178) (4,634) (2,634) 5,037 (4,409) Net loss attributable to common stockholders (7,874) (7,308) (3,248) (6,642) (25,072) Net (loss) income per share of common stock (basic and diluted) Continuing operations (0.03) (0.02) (0.00) (0.07) (0.12) Discontinued operations (0.01) (0.03) (0.02) 0.03 (0.03) Weighted average number of shares outstanding (basic and diluted) 174,854 174,201 173,974 173,973 174,247

Organization - Additional Infor

Organization - Additional Information (Detail)	Sep. 30, 2015USD ($)	Dec. 31, 2018PropertyFacility	Jul. 31, 2018USD ($)	Mar. 27, 2020Property	Dec. 31, 2019PropertyState	Dec. 31, 2019PropertyFacilityStateHospital	Dec. 31, 2018USD ($)PropertyFacilityHospital	Dec. 31, 2017USD ($)	Oct. 31, 2015shares
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Entity incorporation, date of incorporation						Jun. 8, 2010
Subscriptions received for common stock through reinvestment plan | $	$ 1,700,000,000		$ 0				$ 22,013,000	$ 43,220,000
Sale of additional share of common stock | shares									20,000,000
Number of properties		70
Number of properties sold						61
Number of properties held for sale					61	9	70
MOB/Healthcare Portfolio
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Number of properties comprised in MOB sale							53
Number of properties held for sale					60
Number of post acute care facilities | Facility							5
Number of acute care hospitals | Hospital							5
Healthcare Investment Portfolio
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Number of properties						81
Number of properties held for sale						9
Number of states | State					27	27
Number of seniors housing properties						72
Number of post acute care facilities | Facility						7
Number of acute care hospitals | Hospital						2
U.S | MOB/Healthcare Portfolio
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Number of properties comprised in MOB sale		63
Arkansas
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Number of skilled nursing facilities | Facility		6					6
Subsequent Event
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Number of properties sold				7

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)OperatingSegment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Summary Of Significant Accounting Policies [Line Items]
Interest expense and loan cost amortization	$ 54,300	$ 75,000	$ 68,300
Capitalized amount of interest	30	60	$ 2,100
Accumulated amortization of loan costs	$ 8,100	$ 13,100
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

Revenue - Summary of Disaggrega

Revenue - Summary of Disaggregation of Revenue (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)Facility	Dec. 31, 2018USD ($)Facility	Dec. 31, 2017USD ($)Facility
Disaggregation Of Revenue [Line Items]
Number of Units | Facility	6,080	6,080	6,080
Revenues	$ 288,344	$ 276,623	$ 248,900
Percentage of Revenues	100.00%	100.00%	100.00%
Independent Living
Disaggregation Of Revenue [Line Items]
Number of Units | Facility	2,261	2,261	2,261
Revenues	$ 74,300	$ 71,700	$ 59,500
Percentage of Revenues	25.80%	25.90%	23.90%
Assisted Living
Disaggregation Of Revenue [Line Items]
Number of Units | Facility	2,966	2,966	2,966
Revenues	$ 140,500	$ 137,600	$ 128,800
Percentage of Revenues	48.70%	49.70%	51.70%
Memory Care
Disaggregation Of Revenue [Line Items]
Number of Units | Facility	853	853	853
Revenues	$ 59,400	$ 54,400	$ 48,900
Percentage of Revenues	20.60%	19.70%	19.60%
Other Revenues
Disaggregation Of Revenue [Line Items]
Revenues	$ 14,100	$ 12,900	$ 11,700
Percentage of Revenues	4.90%	4.70%	4.80%

Real Estate Assets, Net - Sched

Real Estate Assets, Net - Schedule of Real Estate Investment Properties Excluding Assets Held For Sale (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real Estate [Abstract]
Land and land improvements	$ 130,371	$ 130,133
Building and building improvements	1,478,111	1,475,789
Furniture, fixtures and equipment	85,977	81,666
Less: accumulated depreciation	(281,864)	(232,439)
Real estate investment properties, net	$ 1,412,595	$ 1,455,149

Real Estate Assets, Net - Addit

Real Estate Assets, Net - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)Property	Dec. 31, 2017USD ($)
Real Estate Properties [Line Items]
Number of properties committed for sale | Property		70
Impairment provision | $	$ 0	$ 7,922	$ 0
Welbrook Senior Living Grand Junction
Real Estate Properties [Line Items]
Number of properties committed for sale | Property		70
Real Estate Investment Properties
Real Estate Properties [Line Items]
Depreciation expense | $	$ 49,400	$ 51,600	$ 52,000

Intangibles, net - Schedule of

Intangibles, net - Schedule of Net Book Value of Intangibles Excluding Assets Held for Sale (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Less: accumulated depreciation	$ (81,893)	$ (81,499)
Intangible assets, net	1,220	1,614
In-place lease intangibles
Finite Lived Intangible Assets [Line Items]
Gross carrying amount, assets	$ 83,113	$ 83,113

Intangibles, net - Additional I

Intangibles, net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense on intangible assets	$ 0.4	$ 2.5	$ 12.4
Weighted average useful life	3 years 1 month 6 days

Intangible Assets, net - Schedu

Intangible Assets, net - Schedule of Estimated Future Amortization (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2020	$ 394
2021	394
2022	253
2023	74
2024	74
Thereafter	31
Intangible assets, net	$ 1,220	$ 1,614

Assets and Associated Liabili_3

Assets and Associated Liabilities Held for Sale and Discontinued Operations - Additional Information (Detail) $ in Thousands	1 Months Ended					2 Months Ended	6 Months Ended	12 Months Ended
	Mar. 27, 2020Property	Dec. 31, 2019USD ($)PropertyFacility	May 31, 2019USD ($)Property	Apr. 30, 2019Property	Dec. 31, 2018PropertyFacility	Mar. 27, 2020Property	Dec. 31, 2019USD ($)PropertyHospital	Dec. 31, 2019USD ($)Property	Dec. 31, 2018USD ($)PropertyFacilityHospital	Dec. 31, 2017USD ($)
Long Lived Assets Held For Sale [Line Items]
Number of properties committed for sale									70
Number of properties held for sale							61	9	70
Number of properties owned, discontinued operations		63			63		63	63	63
Number of other properties									7
Number of properties sold								61
Aggregate gains on sale of properties | $							$ 336,500
Impairment provision | $								$ 0	$ 7,922	$ 0
Subsequent Event
Long Lived Assets Held For Sale [Line Items]
Number of properties sold						7
Welltower Inc.
Long Lived Assets Held For Sale [Line Items]
Number of properties comprised in MOB sale			59
IRF Sale Agreement
Long Lived Assets Held For Sale [Line Items]
Number of properties sold				4
MOB Sale Agreement
Long Lived Assets Held For Sale [Line Items]
Number of properties comprised in MOB sale			55
MOB Sale Agreement | Welltower Inc.
Long Lived Assets Held For Sale [Line Items]
Number of properties comprised in MOB sale			55
Net sales price of properties | $			$ 1,321,200
Perennial Communities Sale Agreement | Subsequent Event
Long Lived Assets Held For Sale [Line Items]
Number of properties sold	6
New Orleans Sale Agreement
Long Lived Assets Held For Sale [Line Items]
Gross sales price of properties | $		$ 28,650
Impairment provision | $		$ 100
MOB/Healthcare Portfolio
Long Lived Assets Held For Sale [Line Items]
Number of properties comprised in MOB sale									53
Number of post acute care facilities | Facility									5
Number of acute care hospitals | Hospital									5
Number of properties held for sale							60
MOB/Helathcare Portfolio and Welbrook Senior Living Grand Junction Property
Long Lived Assets Held For Sale [Line Items]
Net sales price of properties | $							$ 39,000
Number of acute care hospitals sold | Hospital							1
Arkansas
Long Lived Assets Held For Sale [Line Items]
Number of skilled nursing facilities | Facility					6				6
Arkansas | Perennial Communities Sale Agreement
Long Lived Assets Held For Sale [Line Items]
Number of skilled nursing facilities | Facility		6
Gross sales price of properties | $		$ 55,000

Assets and Associated Liabili_4

Assets and Associated Liabilities Held for Sale and Discontinued Operations - Schedule of Assets Classified as Held for Sale and Liabilities Associated with Those Assets Held for Sale (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Long Lived Assets Held For Sale [Line Items]
Deferred rent and lease incentives	$ 15,331	$ 14,763
Other assets	27,049	23,488
Assets held for sale, net	111,894	1,147,645
Liabilities associated with assets held for sale	1,113	774,019
MOB/Healthcare Portfolio
Long Lived Assets Held For Sale [Line Items]
Real estate held for sale, net	48,366	952,656
Real estate under development		3,490
Intangibles, net	6,252	82,417
Deferred rent and lease incentives	3,158	36,562
Other assets	1,200	11,425
Restricted cash	118	2,013
Assets held for sale, net	59,094	1,088,563
Mortgages and other notes payable		492,701
Credit facilities		212,731
Accounts payable and accrued liabilities	34	8,425
Other liabilities	392	16,653
Liabilities associated with assets held for sale	426	730,510
Other
Long Lived Assets Held For Sale [Line Items]
Real estate held for sale, net	46,908	51,339
Intangibles, net	800	800
Deferred rent and lease incentives	4,952	6,501
Other assets	68	182
Restricted cash	72	260
Assets held for sale, net	52,800	59,082
Mortgages and other notes payable		8,097
Credit facilities		34,778
Accounts payable and accrued liabilities	3
Other liabilities	684	634
Liabilities associated with assets held for sale	687	43,509
Disposal Groups Held For Sale
Long Lived Assets Held For Sale [Line Items]
Real estate held for sale, net	95,274	1,003,995
Real estate under development		3,490
Intangibles, net	7,052	83,217
Deferred rent and lease incentives	8,110	43,063
Other assets	1,268	11,607
Restricted cash	190	2,273
Assets held for sale, net	111,894	1,147,645
Mortgages and other notes payable		500,798
Credit facilities		247,509
Accounts payable and accrued liabilities	37	8,425
Other liabilities	1,076	17,287
Liabilities associated with assets held for sale	$ 1,113	$ 774,019

Assets and Associated Liabili_5

Assets and Associated Liabilities Held for Sale and Discontinued Operations - Summary of Income (Loss) from Discontinued Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating expenses:
Depreciation and amortization		$ 31,962	$ 43,567
MOB/Healthcare Portfolio
Revenues:
Rental income and related revenues	$ 50,379	114,719	113,709
Operating expenses:
Property operating expenses	11,376	30,538	30,254
General and administrative	470	1,291	1,086
Financing coordination fees		2,326
Contingent purchase price consideration adjustment			47
Impairment provision	67	4,392
Depreciation and amortization		31,961	43,567
Total operating expenses	18,154	86,171	91,245
Gain on sale of real estate	336,074
Operating income	368,299	28,548	22,464
Other income (expense):
Interest and other income (expense)	56	109	(73)
Interest expense and loan cost amortization	(14,831)	(33,060)	(30,089)
Total other income (expense)	(14,775)	(32,951)	(30,162)
Income (loss) before income taxes	353,524	(4,403)	(7,698)
Income tax expense	(187)	(6)	(75)
Income (loss) from discontinued operations	353,337	(4,409)	(7,773)
MOB/Healthcare Portfolio | Asset Management Fees
Operating expenses:
Asset / Property management fees	4,984	11,984	12,042
MOB/Healthcare Portfolio | Property Management Fees
Operating expenses:
Asset / Property management fees	$ 1,257	$ 3,679	$ 4,249

Operating Leases - Additional I

Operating Leases - Additional Information (Detail) $ in Millions	6 Months Ended	12 Months Ended
	Dec. 31, 2019Property	Dec. 31, 2019USD ($)Property	Dec. 31, 2018Property
Operating Leased Assets [Line Items]
Number of properties held for sale	61	9	70
Lessor, Operating Lease, Existence of Option to Extend [true false]		true
Lessor, operating lease, option to extend		subject to the tenants’ options to extend the lease terms by an additional five years.
Triple Net Lease Agreements
Operating Leased Assets [Line Items]
Number of seniors housing properties		15
Number of properties held for sale		9
Total annualized property tax | $		$ 3.2
Weighted average remaining lease term	5 years 3 months 18 days	5 years 3 months 18 days
Extended lease period	5 years	5 years
Triple Net Lease Agreements | Minimum
Operating Leased Assets [Line Items]
Lease, expiration year		2022
Triple Net Lease Agreements | Maximum
Operating Leased Assets [Line Items]
Lease, expiration year		2027

Operating Leases - Schedule of

Operating Leases - Schedule of Future Minimum Lease Payments to be Received Under Non-Cancellable Operating Leases Excluding Properties Classified as Discontinued Operations (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 28,526
2021	29,128
2022	21,542
2023	20,949
2024	21,457
Thereafter	29,602
Total	$ 151,204

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)PropertySubsidiaryConstruction	Dec. 31, 2018Subsidiary
Variable Interest Entity [Line Items]
Maximum exposure to loss VIEs limits | $	$ 14.4
VIEs
Variable Interest Entity [Line Items]
Number of subsidiaries	2	8
Number of properties being sold in connection with MOB sale | Property	3
Number of construction loans repayment | Construction	3
VIEs | Joint Ventures Real Estate Under Development Entities
Variable Interest Entity [Line Items]
Number of subsidiaries	2
VIEs | Real Estate Under Development Entities
Variable Interest Entity [Line Items]
Number of subsidiaries	1

Variable Interest Entities - Ag

Variable Interest Entities - Aggregate Carrying Amount and Major Classifications of Consolidated Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Real estate investment properties, net	$ 1,412,595	$ 1,455,149
Assets held for sale, net	111,894	1,147,645
Cash	42,350	57,109
Other assets	27,049	23,488
Deferred rent and lease incentives	15,331	14,763
Restricted cash	5,997	6,119
Mortgages and other notes payable, net	375,928	530,644
Liabilities associated with assets held for sale	1,113	774,019
Accounts payable and accrued liabilities	24,530	21,882
Other liabilities	8,609	8,548
VIEs
Variable Interest Entity [Line Items]
Real estate investment properties, net	45,329	146,341
Assets held for sale, net	0	39,601	[1]
Cash	1,024	342
Other assets	577	678
Deferred rent and lease incentives	0	7,160
Restricted cash	76	208
Mortgages and other notes payable, net	29,148	102,578
Liabilities associated with assets held for sale	0	30,695	[1]
Accounts payable and accrued liabilities	1,286	784
Other liabilities	$ 219	$ 1,321
[1]	Refer to Note 6. “Assets and Associated Liabilities Held For Sale and Discontinued Operations” for additional information.

Fair Value of Contingent Purcha

Fair Value of Contingent Purchase Price Consideration (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	$ (4,000)
Contingent Consideration Payment (Receipt)	4,000
Superior Residences of Panama City
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Beginning balance	(4,000)	[1]
Contingent Consideration Payment (Receipt)	$ 4,000	[1]
[1]	In connection with the purchase of Superior Residences of Panama City, FL, the Company entered into an earn-out agreement with the seller whereby up to $4 million in additional consideration was owed in the event that certain performance targets were met during the immediate 36 months post-closing. The Company paid the additional consideration and has no remaining obligations pursuant to the Panama City Earn-Out agreement.

Fair Value of Contingent Purc_2

Fair Value of Contingent Purchase Price Consideration (Parenthetical) (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2016
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Contingent purchase price consideration		$ 4,000,000
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	$ 0	$ 4,000,000	[1]
[1]	In connection with the purchase of Superior Residences of Panama City, FL, the Company entered into an earn-out agreement with the seller whereby up to $4 million in additional consideration was owed in the event that certain performance targets were met during the immediate 36 months post-closing. The Company paid the additional consideration and has no remaining obligations pursuant to the Panama City Earn-Out agreement.

Indebtedness - Details of Indeb

Indebtedness - Details of Indebtedness, Excluding Indebtedness Associated with Assets Held for Sale (Detail) - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Premium (discount), net	[1]	$ 142	$ 184
Loan costs, net		(1,470)	(2,429)
Total mortgages and other notes payable, net		375,928	530,644
Credit facilities		302,950	425,613
Total indebtedness, net		678,878	956,257
First Term Loan Facility
Debt Instrument [Line Items]
Credit facilities	[2]		151,616
Second Term Loan Facility
Debt Instrument [Line Items]
Credit facilities	[2],[3]		275,000
2019 Revolving Credit Facility
Debt Instrument [Line Items]
Credit facilities	[3],[4]	40,000
2019 Term Loan Facility
Debt Instrument [Line Items]
Credit facilities	[3]	265,000
Term Loan Facility
Debt Instrument [Line Items]
Loan costs, net		(2,050)	(1,003)
Mortgages payable and other notes payable
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[5]	377,256	532,889
Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		368,974	358,843
Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[2],[3]	$ 8,282	$ 174,046
[1]	Premium is reflective of the Company recording mortgage note payables assumed at fair value on the respective acquisition dates.
[2]	As of December 31, 2019, the Company did not have any interest rate swaps. As of December 31, 2018, the Company had entered into interest rate swaps with notional amounts of approximately $151.6 million. These interest rate swaps were settled in connection with the refinancing of the credit facilities in May 2019. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[3]	As of December 31, 2019 and 2018, the Company had entered into interest rate caps with notional amounts of approximately $281.0 million and $330.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[4]	As of December 31, 2019 and 2018, the Company had undrawn availability under the applicable revolving credit facility of approximately $181.7 million and $14.7 million, respectively, based on the value of the properties in the unencumbered pool of assets supporting the loan, which includes certain assets held for sale.
[5]	As of December 31, 2019 and 2018, the Company’s mortgages and other notes payable are collateralized by 32 and 37 properties, respectively, with total carrying value of approximately $567.8 million and $769.0 million, respectively.

Indebtedness - Details of Ind_2

Indebtedness - Details of Indebtedness, Excluding Indebtedness Associated with Assets Held for Sale (Parenthetical) (Detail)	Dec. 31, 2019USD ($)Property	Dec. 31, 2018USD ($)Property
Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Current borrowing capacity	$ 181,700,000	$ 14,700,000
Secured Mortgages and Other Notes Payable
Debt Instrument [Line Items]
Number of collateralized properties owned | Property	32	37
Mortgages and other notes payable carrying value of collateral	$ 567,800,000	$ 769,000,000
Interest Rate Cap
Debt Instrument [Line Items]
Notional amounts of derivative contract	281,000,000	330,000,000
Interest Rate Swap
Debt Instrument [Line Items]
Notional amounts of derivative contract	$ 0	$ 151,600,000

Indebtedness - Additional Infor

Indebtedness - Additional Information (Detail) $ in Thousands		1 Months Ended			12 Months Ended
		Feb. 29, 2020	Nov. 30, 2019USD ($)	May 31, 2019USD ($)PropertyExtension	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Instrument [Line Items]
Financing coordination fees	[1]				$ 5,553	$ 2,326	$ 3,601
Repayments of outstanding mortgage or construction loans					$ 74,400
Construction loans scheduled maturity year					2020
Unamortized loan costs written-off					$ 200
Payment for exit fees					$ 400
Maximum allowable distributions as a percentage of adjusted FFO					95.00%
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, (viii) maximum unsecured indebtedness ratio and (ix) limitations on certain types of investments and with respect to the pool of properties supporting borrowings under the credit facilities, minimum weighted average occupancy, and remaining lease terms, as well as property type, MSA, operator, and asset value concentration limits. The limitations on distributions generally 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.
Mortgage Loans
Debt Instrument [Line Items]
Mortgage loans scheduled maturity			2024-11
Interest rate			3.25%
Wellmore of Lexington
Debt Instrument [Line Items]
Repayments of outstanding construction loans					$ 21,000
Watercrest at Katy | Construction Loan
Debt Instrument [Line Items]
Debt, refinanced amount			$ 21,300
Construction loans scheduled maturity			2019-12
Watercrest at Katy | Mortgage Loans
Debt Instrument [Line Items]
Line of credit facility, initial term					25 years
Interest rate	[2]				3.25%
Primrose II Communities | Mortgage Loans
Debt Instrument [Line Items]
Line of credit facility, initial term					30 years
Interest rate	[2]				3.81%
Primrose II Communities | Mortgage Loans | Subsequent Event
Debt Instrument [Line Items]
Mortgage loans scheduled maturity		2020-06
2014 Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of indebtedness				$ 229,100
First Term Loan Facility
Debt Instrument [Line Items]
Repayments of indebtedness				175,000
Second Term Loan Facility
Debt Instrument [Line Items]
Repayments of indebtedness				275,000
2019 Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing				$ 250,000
Line of credit facility, initial maturity				2023-05
Number of extension options available | Extension				1
Line of credit facility extension period				12 months
Line of credit facility, initial term				4 years
2019 Term Loan Facility
Debt Instrument [Line Items]
Aggregate maximum principal amount available for borrowing				$ 265,000
Line of credit facility, initial maturity				2024-05
Line of credit facility, initial term				5 years
2019 Credit Facilities
Debt Instrument [Line Items]
Credit facility, interest description					The 2019 Credit Facilities bear interest based on 30-day LIBOR plus a spread that varies with the Company’s leverage ratio.
MOB Sale Agreement
Debt Instrument [Line Items]
Number of properties comprised in MOB sale | Property				55
Welltower Inc.
Debt Instrument [Line Items]
Number of properties comprised in MOB sale | Property				59
Welltower Inc. | MOB Sale Agreement
Debt Instrument [Line Items]
Number of properties comprised in MOB sale | Property				55
Advisor | 2014 Credit Facility
Debt Instrument [Line Items]
Financing coordination fees				$ 5,200
[1]	For the year ended December 31, 2019, the Company incurred approximately $5.6 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties of which approximately $3.7 million were capitalized as loan costs and reduced mortgages and other notes payable, net in the accompanying consolidated balance sheets. For the year ended December 31, 2018, the Company incurred approximately $2.3 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties. 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.
[2]	The 30-day and 90-day LIBOR were approximately 1.76% and 1.91%, respectively, as of December 31, 2019 and approximately 2.50% and 2.81%, respectively, as of December 31, 2018.

Indebtedness - Schedule of Matu

Indebtedness - Schedule of Maturities of Indebtedness (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Debt Disclosure [Abstract]
2020	$ 39,642
2021	11,311
2022	282,220
2023	63,417
2024	285,666
Total borrowings	$ 682,256

Indebtedness - Schedule of Inde

Indebtedness - Schedule of Indebtedness (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Nov. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Carrying Value		$ 682,256
Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Carrying Value				$ 748,300
Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		368,974		358,843
Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[1],[2]	8,282		174,046
Mortgage Loans
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate			3.25%
Carrying Value		377,256		532,889
Mortgage Loans | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Carrying Value				503,778
Mortgage Loans | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		368,974		358,843
Mortgage Loans | Fixed rate debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				39,841
Mortgage Loans | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 8,282		174,046
Mortgage Loans | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				463,937
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 | Primrose II Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 20,533		21,047
Mortgage Loans | Pacific Northwest Communities
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3]	4.30%
Payment Terms		Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Maturity Date	[4]	Jan. 5, 2022
Mortgage Loans | Pacific Northwest Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 196,598		202,978
Mortgage Loans | Capital Health
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate		4.25%
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 | Capital Health | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[5]	$ 58,387		60,902
Mortgage Loans | Primrose I Communities
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3],[6]	4.11%
Payment Terms	[6]	Monthly principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period	[6]	30 years
Maturity Date	[4],[6]	Sep. 1, 2022
Mortgage Loans | Primrose I Communities | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[6]	$ 47,557		48,753
Mortgage Loans | Watercrest at Mansfield
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3],[7]	4.68%
Payment Terms	[7]	Monthly principal and interest payments based on a total payment of $143,330
Maturity Date	[4],[7]	Jun. 1, 2023
Mortgage Loans | Watercrest at Mansfield | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable	[7]	$ 24,625		25,163
Mortgage Loans | Watercrest at Katy
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[3]	3.25%
Payment Terms		Monthly interest only payments through November 2022; principal and interest payments thereafter based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Maturity Date	[4]	Nov. 15, 2024
Mortgage Loans | Watercrest at Katy | Fixed rate debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 21,274
Mortgage Loans | Palmilla Senior Living | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable				26,478
Mortgage Loans | Novi Orthopaedic Center | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[8]	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	[9]	Jun. 15, 2020
Mortgage Loans | Novi Orthopaedic Center | Fixed rate debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				19,581
Mortgage Loans | ProMed Building I | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[8]	3.64%
Payment Terms		Monthly principal and interest payments based upon a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[9]	Jan. 15, 2022
Mortgage Loans | ProMed Building I | Fixed rate debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				6,473
Mortgage Loans | 540 New Waverly Place | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[8]	4.08%
Payment Terms		Monthly principal and interest payments based upon a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Maturity Date	[9]	May 31, 2028
Mortgage Loans | 540 New Waverly Place | Fixed rate debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				6,452
Mortgage Loans | LaPorte Cancer Center Westville, Indiana | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[8]	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	[9]	Jun. 14, 2028
Mortgage Loans | LaPorte Cancer Center Westville, Indiana | Fixed rate debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				7,335
Mortgage Loans | Medical Portfolio II | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				77,074
Mortgage Loans | Northwest Medical Park | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				6,628
Mortgage Loans | Lee Hughes Medical Building | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				17,043
Mortgage Loans | Triangle Orthopaedic | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				36,962
Mortgage Loans | Cobalt Rehabilitation Hospital Surprise | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				14,829
Mortgage Loans | Knoxville Medical Office Properties and Claremont Medical Office | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				51,575
Mortgage Loans | Cobalt Rehabilitation Hospital New Orleans | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				19,055
Mortgage Loans | MHOSH MOB | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				57,630
Mortgage Loans | Southeast Medical Office Properties | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				175,000
Secured Term Loan | Shores of Lake Phalen | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable				16,859
Secured Term Loan | Welbrook Senior Living Grand Junction | Variable Rate Debt | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Mortgages payable and other notes payable				8,141
Construction Loan | Watercrest at Katy | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable				21,552
Construction Loan | Wellmore of Lexington (Lexington, SC) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable				35,421
Construction Loan | Wellmore of Tega Cay | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable				27,715
Construction Loan | Waterstone on Augusta | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable				18,830
Construction Loan | Fieldstone at Pear Orchard (Yakima, Washington) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable		$ 8,282		10,791
Construction Loan | Dogwood Forest of Grayson (Grayson, GA) | Variable Rate Debt
Debt Instrument [Line Items]
Mortgages payable and other notes payable				$ 16,400
30-day LIBOR | Mortgage Loans | Palmilla Senior Living
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]	2.00%
Payment Terms		Monthly interest only payments through April 2017; principal and interest payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[4]	Mar. 22, 2020
30-day LIBOR | Mortgage Loans | Calvert Medical Office Properties | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	2.50%
Payment Terms		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		30 years
Maturity Date	[9]	Aug. 29, 2018
30-day LIBOR | Mortgage Loans | Northwest Medical Park | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	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	[9]	Oct. 31, 2019
30-day LIBOR | Mortgage Loans | Lee Hughes Medical Building | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	1.85%
Payment Terms		Monthly principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[9]	Mar. 5, 2020
30-day LIBOR | Mortgage Loans | Triangle Orthopaedic | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	2.25%
Payment Terms		Interest only payments through March 2017; principal payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[9]	Apr. 11, 2021
30-day LIBOR | Mortgage Loans | Cobalt Rehabilitation Hospital Surprise | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	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	[9]	May 19, 2022
Payment Terms	[8]	0.40%
30-day LIBOR | Mortgage Loans | Knoxville Medical Office Properties and Claremont Medical Office | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	2.45%
Payment Terms		Monthly principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[9]	May 24, 2022
30-day LIBOR | Mortgage Loans | Cobalt Rehabilitation Hospital New Orleans | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	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	[9]	Oct. 19, 2022
Payment Terms	[8]	0.55%
30-day LIBOR | Mortgage Loans | MHOSH MOB | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	2.20%
Payment Terms		Interest only payments through June 2020; principal payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[9]	May 24, 2023
30-day LIBOR | Mortgage Loans | Southeast Medical Office Properties | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	2.00%
Payment Terms		Interest only payments through January 2021; principal payments thereafter based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[9]	Jun. 14, 2023
30-day LIBOR | Secured Term Loan | Shores of Lake Phalen
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]	2.42%
Payment Terms		Monthly interest only payments through June 2019
Maturity Date	[4]	Jun. 30, 2019
30-day LIBOR | Secured Term Loan | Welbrook Senior Living Grand Junction | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	2.42%
Payment Terms		Monthly interest only payments through June 2019
Maturity Date	[9]	Jun. 30, 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 principal and interest payments based on a 30-year amortization schedule
Principal and interest payments amortizable period		30 years
Maturity Date	[4]	Dec. 27, 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 | Wellmore of Tega Cay
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[3]	2.65%
Payment Terms		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		30 years
Maturity Date	[4]	Mar. 1, 2020
30-day LIBOR | Construction Loan | Waterstone on Augusta
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 and interest 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 | Medical Portfolio II | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan in addition to LIBOR	[8]	2.35%
Payment Terms		Monthly principal and interest payments based on a 25-year amortization schedule
Principal and interest payments amortizable period		25 years
Maturity Date	[9]	Jul. 14, 2019
Payment Terms	[8]	0.25%
[1]	As of December 31, 2019 and 2018, the Company had entered into interest rate caps with notional amounts of approximately $281.0 million and $330.0 million, respectively. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[2]	As of December 31, 2019, the Company did not have any interest rate swaps. As of December 31, 2018, the Company had entered into interest rate swaps with notional amounts of approximately $151.6 million. These interest rate swaps were settled in connection with the refinancing of the credit facilities in May 2019. Refer to Note 12. “Derivative Financial Instruments” for additional information.
[3]	The 30-day and 90-day LIBOR were approximately 1.76% and 1.91%, respectively, as of December 31, 2019 and approximately 2.50% and 2.81%, respectively, as of December 31, 2018.
[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]	Consists of a mortgage loan and a supplemental loan. The mortgage 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.
[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 $0.1 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date.
[8]	The 30-day and 90-day LIBOR were approximately 2.50% and 2,81%, respectively, as of December 31, 2018.
[9]	Represents the initial maturity date (or, as applicable, the maturity date as extended). These loans were repaid during 2019 with the related sales of the properties.

Indebtedness - Schedule of In_2

Indebtedness - Schedule of Indebtedness (Parenthetical) (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2019	Nov. 30, 2019	Dec. 31, 2018
Mortgage Loans
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate			3.25%
Capital Health | Mortgage Loans
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate		4.25%
Capital Health | Mortgage, Supplemental Loan
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate		4.30%
Primrose I Communities | Mortgage Loans
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[1],[2]	4.11%
Primrose I Communities | Mortgage Loans | Minimum | Period One
Debt Instrument [Line Items]
Percentage of prepayment penalty on principal repaid		1.00%
Watercrest at Mansfield | Mortgage Loans
Debt Instrument [Line Items]
Interest on Loan accrues - Fixed rate	[2],[3]	4.68%
Watercrest at Mansfield | Mortgage Loans | Fixed rate debt
Debt Instrument [Line Items]
Remaining loan premium		$ 0.1
30-day LIBOR
Debt Instrument [Line Items]
Interest accrues on loan, LIBOR		1.76%		2.50%
30-day LIBOR | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan, LIBOR				2.50%
Ninety Days London Interbank Offered Rate
Debt Instrument [Line Items]
Interest accrues on loan, LIBOR		1.91%		2.81%
Ninety Days London Interbank Offered Rate | Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Interest accrues on loan, LIBOR				2.81%
[1]	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.
[2]	The 30-day and 90-day LIBOR were approximately 1.76% and 1.91%, respectively, as of December 31, 2019 and approximately 2.50% and 2.81%, respectively, as of December 31, 2018.
[3]	The balance for this loan excludes a remaining premium of $0.1 million related to the mortgage note payable assumed being recorded at fair value on the acquisition date.

Indebtedness - Schedule of Fair

Indebtedness - Schedule of Fair Market Value and Carrying Value of Indebtedness (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Carrying Value	$ 682,256
Indebtedness Associated with Assets Held for Sale
Debt Instrument [Line Items]
Fair Value		$ 751,800
Carrying Value		748,300
Mortgages and other notes payable, net
Debt Instrument [Line Items]
Fair Value	381,200	528,700
Carrying Value	375,900	530,600
Credit facilities
Debt Instrument [Line Items]
Fair Value	305,000	426,600
Carrying Value	$ 303,000	$ 425,600

Related Party Arrangements - Ad

Related Party Arrangements - Additional Information (Detail) - USD ($) shares in Thousands	1 Months Ended	12 Months Ended
	May 31, 2019	Dec. 31, 2019	Dec. 31, 2018		Dec. 31, 2017
Related Party Transaction [Line Items]
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%
Investment services fees		$ 0	$ 60,000	[1]	$ 126,000	[1]
Cash distributions on restricted stock	$ 347,900,000	394,892,000	59,051,000		34,512,000
Restricted Stock
Related Party Transaction [Line Items]
Cash distributions on restricted stock		3,027,000	630,000		571,000
Expense Support Agreements
Related Party Transaction [Line Items]
Asset management fees		13,570,000
Restricted stock fair value		$ 0
Expense Support Agreements | Restricted Stock
Related Party Transaction [Line Items]
Restricted Stock shares		1,332
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%
Property disposition fee payable as percentage equals to gross market capitalization upon listing on national securities exchange		1.00%
Property disposition fee payable as percentage of gross consideration paid upon liquidity event		1.00%
Property disposition fee payable as percentage equals to gross sales price upon sale or transfer of assets		1.00%
Property disposition fee payable as percentage equals to gross sales price		6.00%
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%
Annualized return of investment		6.00%
Property Manager
Related Party Transaction [Line Items]
Property management agreement expire stated date		Jun. 28, 2018
Property management fees		$ 1,000,000
CNL Capital Markets Corp
Related Party Transaction [Line Items]
Investment services fees		$ 900,000	$ 900,000		$ 900,000
[1]	For the year ended December 31, 2018, 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, 2017, the Company incurred approximately $0.1 million in investment service fees of which approximately $0.1 million was capitalized and included in real estate under development. There were no investment service fees incurred for the year end December 31, 2019. Investment service fees, that are not capitalized, are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.

Related Party Arrangements - Sc

Related Party Arrangements - Schedule of Fees, Reimbursable Expenses and Related Amounts Unpaid to Related Parties (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018		Dec. 31, 2017
Related Party Transactions [Abstract]
Operating expenses	[1]	$ 5,066,000	$ 6,203,000		$ 5,791,000
Acquisition fees and expenses					6,000
Total reimbursable expenses		5,066,000	6,203,000		5,797,000
Investment services fees		0	60,000	[2]	126,000	[2]
Disposition fee	[3]	3,031,000	58,000
Financing coordination fees	[4]	5,553,000	2,326,000		3,601,000
Property management fees	[5]		2,323,000		4,807,000
Asset management fees	[6]	23,281,000	30,385,000		30,157,000
Total reimbursable expenses, net		36,931,000	41,355,000		$ 44,488,000
Operating expenses, unpaid	[7]	698,000	722,000
Total reimbursable expenses due	[7]	698,000	722,000
Asset management fees, unpaid	[7]	1,577,000	2,533,000
Total related amount unpaid	[7]	$ 2,275,000	$ 3,255,000
[1]	Amounts are recorded as general and administrative expenses in the accompanying consolidated statements of operations unless such amounts represent prepaid expenses, which are capitalized in the accompanying consolidated balance sheets.
[2]	For the year ended December 31, 2018, 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, 2017, the Company incurred approximately $0.1 million in investment service fees of which approximately $0.1 million was capitalized and included in real estate under development. There were no investment service fees incurred for the year end December 31, 2019. Investment service fees, that are not capitalized, are recorded as acquisition fees and expenses in the accompanying consolidated statements of operations.
[3]	Amounts are recorded as a reduction to gain on sale of real estate in the accompanying consolidated statements of operations.
[4]	For the year ended December 31, 2019, the Company incurred approximately $5.6 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties of which approximately $3.7 million were capitalized as loan costs and reduced mortgages and other notes payable, net in the accompanying consolidated balance sheets. For the year ended December 31, 2018, the Company incurred approximately $2.3 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties. 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.
[5]	For the years ended December 31, 2018 and 2017, the Company incurred approximately $2.3 million and $4.8 million, respectively, in property and construction management fees payable to the Property Manager of which approximately $5,000 and $0.3 million, respectively, in construction management fees were capitalized and included in real estate under development in the accompanying consolidated balance sheets. The Property Management Agreement was not renewed beyond its expiration date of June 2018.
[6]	For the years ended December 31, 2019, 2018 and 2017, the Company incurred approximately $23.3 million, $30.4 million and $30.2 million, respectively, in asset management fees payable to the Advisor. No expense support was received for the years ended December 31, 2019, 2018 and 2017. There was approximately $11,000 and $0.5 million in asset management fees that were capitalized and included in real estate under development in the accompanying consolidated balance sheets for the years ended December 31, 2018 and 2017, respectively. There were no asset management fees capitalized for the year ended December 31, 2019.
[7]	Amounts are recorded as due to related parties in the accompanying consolidated balance sheets.

Related Party Arrangements - _2

Related Party Arrangements - Schedule of Fees, Reimbursable Expenses and Related Amounts Unpaid to Related Parties (Parenthetical) (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018		Dec. 31, 2017
Related Party Transaction [Line Items]
Investment services fees		$ 0	$ 60,000	[1]	$ 126,000	[1]
Investment service fees capitalized		0	100,000		100,000
Financing coordination fees	[2]	5,553,000	2,326,000		3,601,000
Loan costs capitalized		3,700,000			900,000
Asset management fees	[3]	23,281,000	30,385,000		30,157,000
Asset management fees capitalized		0	11,000		500,000
Expense under Support Agreement		$ 0	0		0
Property Manager
Related Party Transaction [Line Items]
Property and construction management fees payable			2,300,000		4,800,000
Construction management fees capitalized			$ 5,000		$ 300,000
[1]	For the year ended December 31, 2018, 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, 2017, the Company incurred approximately $0.1 million in investment service fees of which approximately $0.1 million was capitalized and included in real estate under development. There were no investment service fees incurred for the year end December 31, 2019. 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, 2019, the Company incurred approximately $5.6 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties of which approximately $3.7 million were capitalized as loan costs and reduced mortgages and other notes payable, net in the accompanying consolidated balance sheets. For the year ended December 31, 2018, the Company incurred approximately $2.3 million in financing coordination fees related to the refinancing of the loans associated with certain operating properties. 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.
[3]	For the years ended December 31, 2019, 2018 and 2017, the Company incurred approximately $23.3 million, $30.4 million and $30.2 million, respectively, in asset management fees payable to the Advisor. No expense support was received for the years ended December 31, 2019, 2018 and 2017. There was approximately $11,000 and $0.5 million in asset management fees that were capitalized and included in real estate under development in the accompanying consolidated balance sheets for the years ended December 31, 2018 and 2017, respectively. There were no asset management fees capitalized for the year ended December 31, 2019.

Derivative Financial Instrume_3

Derivative Financial Instruments - Summary of Derivative Financial Instruments and Corresponding Asset (Liability) (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Derivative Financial Instruments One
Derivative [Line Items]
Strike	[1]	2.30%
Credit Spread	[1]	2.40%
Trade date		Sep. 12, 2014
Forward date		Aug. 1, 2015
Maturity date		Jul. 15, 2019
Fair value asset (liability)			$ 168
Derivative Financial Instruments Two
Derivative [Line Items]
Strike	[1]	1.60%
Credit Spread	[1]	2.00%
Trade date		Dec. 23, 2014
Forward date		Dec. 19, 2014
Maturity date		Feb. 19, 2019
Fair value asset (liability)			220
Derivative Financial Instruments Three
Derivative [Line Items]
Strike	[1]	1.70%
Credit Spread	[1]	2.00%
Trade date		Jan. 9, 2015
Forward date		Dec. 10, 2015
Maturity date		Dec. 22, 2019
Fair value asset (liability)			966
Derivative Financial Instruments Four
Derivative [Line Items]
Strike	[1]	2.30%
Trade date		Aug. 29, 2017
Forward date		Aug. 29, 2017
Maturity date		Sep. 1, 2019
Fair value asset (liability)			247
Derivative Financial Instruments Five
Derivative [Line Items]
Notional amount of derivative contract		$ 223,000
Strike	[1]	3.00%
Trade date		Mar. 28, 2018
Forward date		Nov. 30, 2018
Maturity date		Dec. 19, 2019
Fair value asset (liability)			44
Derivative Financial Instruments Six
Derivative [Line Items]
Strike	[1]	3.00%
Trade date		Mar. 28, 2018
Forward date		Jul. 10, 2018
Maturity date		Dec. 19, 2019
Fair value asset (liability)			6
Derivative Financial Instruments Seven
Derivative [Line Items]
Strike	[1]	3.00%
Trade date		Mar. 28, 2018
Forward date		Feb. 19, 2019
Maturity date		Dec. 19, 2019
Fair value asset (liability)			19
Derivative Financial Instruments Eight
Derivative [Line Items]
Strike	[1]	3.00%
Trade date		May 4, 2018
Forward date		May 4, 2018
Maturity date		Dec. 19, 2019
Fair value asset (liability)			$ 6
Derivative Financial Instruments Nine
Derivative [Line Items]
Notional amount of derivative contract		$ 10,500
Strike	[1]	3.30%
Trade date		Feb. 28, 2019
Forward date		Mar. 1, 2019
Maturity date		Sep. 1, 2021
Derivative Financial Instruments Ten
Derivative [Line Items]
Notional amount of derivative contract		$ 50,000
Strike	[1]	2.30%
Trade date		Aug. 16, 2019
Forward date		Sep. 1, 2019
Maturity date		Dec. 31, 2020
Derivative Financial Instruments Eleven
Derivative [Line Items]
Notional amount of derivative contract		$ 231,000
Strike	[1]	2.00%
Trade date		Dec. 12, 2019
Forward date		Dec. 20, 2019
Maturity date		Dec. 31, 2020
Fair value asset (liability)		$ 2
[1]	The all-in rates are equal to the sum of the Strike and Credit Spread detailed above.

Derivative Financial Instrume_4

Derivative Financial Instruments - Summary of the Gross and Net Presentation of Amounts Related to the Derivative Financial Instruments (Detail) - USD ($) $ in Thousands		Dec. 31, 2019		Dec. 31, 2018
Interest Rate Swap Agreement One
Derivative [Line Items]
Notional amount of derivative contract		$ 223,000	[1]	$ 79,201	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount				168
Fair value asset (liability)				168
Interest Rate Swap Agreement Two
Derivative [Line Items]
Notional amount of derivative contract		10,500	[3]	175,000	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount				220
Fair value asset (liability)				220
Interest Rate Swap Agreement Three
Derivative [Line Items]
Notional amount of derivative contract		50,000	[3]	125,087	[2]
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount				966
Fair value asset (liability)				966
Interest Rate Swap Agreement Four
Derivative [Line Items]
Notional amount of derivative contract	[3]	$ 231,000		117,000
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount				247
Fair value asset (liability)				247
Interest Rate Swap Agreement Five
Derivative [Line Items]
Notional amount of derivative contract	[3]			410,000
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount				44
Fair value asset (liability)				44
Interest Rate Swap Agreement Six
Derivative [Line Items]
Notional amount of derivative contract	[3]			51,575
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount				6
Fair value asset (liability)				6
Interest Rate Swap Agreement Seven
Derivative [Line Items]
Notional amount of derivative contract	[3]			175,000
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount				19
Fair value asset (liability)				19
Interest Rate Swap Agreement Eight
Derivative [Line Items]
Notional amount of derivative contract	[3]			57,630
Amounts of asset (liability) presented in the accompanying condensed consolidated balance sheet, Gross amount				6
Fair value asset (liability)				$ 6
[1]	All or a portion of these derivative financial instruments were settled in connection with the pay down of the respective loan balances.
[2]	Amounts related to interest rate swaps held by the Company which are recorded at fair value and included in either other assets or other liabilities in the accompanying condensed consolidated balance sheets.
[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.

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($)	Sep. 30, 2015	May 31, 2019	Jul. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class Of Stock [Line Items]
Aggregate proceeds received from offering	$ 1,700,000,000		$ 0		$ 22,013,000	$ 43,220,000
Cash distribution declared				$ 394,892,000	81,064,000	77,732,000
Cash paid to stockholders		$ 347,900,000		394,892,000	59,051,000	34,512,000
Redemptions of common stock				0	4,400,000	4,700,000
Common stock approved for redemption value					$ 2,800,000	$ 4,700,000
Redemption of common stock, per share					$ 10.14	$ 9.99
Redemptions of common stock				$ 23,000	$ 28,443,000	$ 47,332,000
Suspended redemption request common stock, value					$ 16,400
Watercrest Katy
Class Of Stock [Line Items]
Redeemable noncontrolling interest in joint venture				5.00%

Equity - Tax Composition of Com

Equity - Tax Composition of Company's Distributions Declared (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Uncategorized [Abstract]
Ordinary income	0.00%	0.00%	0.00%
Capital gain	42.85%	0.00%	0.00%
Unrecaptured Sec. 1250 gain	20.10%	0.00%	0.00%
Return of capital	37.05%	100.00%	100.00%

Equity - Distributions of promo

Equity - Distributions of promoted interest to share holders (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class Of Stock [Line Items]
Distributions to holders of promoted interest	$ 406	$ (406)	$ (955)
HarborChase of Villages Crossing
Class Of Stock [Line Items]
Distributions to holders of promoted interest			$ (955)
Dogwood Forest of Grayson (Grayson, GA)
Class Of Stock [Line Items]
Distributions to holders of promoted interest	$ 406	$ (406)

Equity - Effect of Derivative F

Equity - Effect of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments Gain Loss [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings	$ 793	$ 247	$ (5,043)
Derivative instruments, Gain (loss) recognized in other comprehensive loss	(1,213)	2,162	6,878
Interest Rate Swap
Derivative Instruments Gain Loss [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	(846)	1,219	5,573
Interest Rate Swap | Interest Expense and Loan Cost Amortization
Derivative Instruments Gain Loss [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings	921	2,457	(3,902)
Interest Rate Cap
Derivative Instruments Gain Loss [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	(134)	690	1,013
Interest Rate Cap | Interest Expense and Loan Cost Amortization
Derivative Instruments Gain Loss [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings	(361)	(1,957)	(849)
Reclassification of Interest Rate Swaps Upon Derecognition
Derivative Instruments Gain Loss [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	(509)	253	318
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 income (loss) into earnings	509	$ (253)	(318)
Reclassification of Interest Rate Caps upon Derecognition
Derivative Instruments Gain Loss [Line Items]
Derivative instruments, Gain (loss) recognized in other comprehensive loss	265		(26)
Reclassification of Interest Rate Caps upon Derecognition | Interest Expense and Loan Cost Amortization
Derivative Instruments Gain Loss [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings	(265)		$ 26
Interest Rate Cap Held by Unconsolidated Joint Venture
Derivative Instruments Gain Loss [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income (loss) into earnings	(11)
Derivative instruments, Gain (loss) recognized in other comprehensive loss	$ 11

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal	$ 51	$ 113	$ (245)
State	(558)	(477)	(448)
Total current expense	(507)	(364)	(693)
Deferred:
Federal	(1,562)	(3,333)	8,826
State	(120)	66	305
Total deferred benefit	(1,682)	(3,267)	9,131
Income tax (expense) benefit	$ (2,189)	$ (3,631)	$ 8,438

Income Taxes - Significant Comp

Income Taxes - Significant Components of Deferred Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Carryforwards of net operating loss	$ 3,653	$ 6,046
Minimum tax credit carryforward	59	118
Prepaid rent	1,648	712
Valuation allowance	(1,096)	(946)
Deferred tax assets, net	$ 4,264	$ 5,930

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Tax (Expense) Benefit (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Tax (expense) benefit computed at federal statutory rate	$ (136)	$ 3,593	$ 9,442
Impact of REIT election	(1,437)	(6,922)	(10,650)
State income tax expense net of federal benefit	(466)	(399)	(331)
Effect of change in future tax rates			1,861
Effect of change in valuation allowance	(150)	97	8,116
Income tax (expense) benefit	$ (2,189)	$ (3,631)	$ 8,438
Tax (expense) benefit computed at federal statutory rate	21.00%	21.00%	35.00%
Impact of REIT election	221.44%	(40.45%)	(39.48%)
State income tax expense net of federal benefit	71.76%	(2.33%)	(1.23%)
Effect of change in future tax rates			6.90%
Effect of change in valuation allowance	23.11%	0.57%	30.09%
Income tax (expense) benefit	337.31%	(21.21%)	31.28%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Line Items]
Net operating loss carryforwards for federal and state	$ 12.3	$ 23.3
U.S. federal corporate tax rate	21.00%	21.00%	35.00%
Earliest Tax Year
Income Taxes [Line Items]
Tax year subject to examination	2016
Domestic Tax Authority
Income Taxes [Line Items]
Net Operating loss carryforwards, beginning of expiration year	2035
State and Local Jurisdiction
Income Taxes [Line Items]
Net Operating loss carryforwards, beginning of expiration year	2020

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) shares in Millions	12 Months Ended
	Dec. 31, 2019USD ($)Agreementshares
Commitments And Contingencies [Line Items]
Number of promoted interest agreements	6
Number of promoted interest agreements not met established performance metrics	5
Number of promoted interest agreements met established performance metrics	1
Company accrued interest to holder's | $	$ 0
Advisor Expense Support Agreement | Restricted Stock
Commitments And Contingencies [Line Items]
Contingently issuable restricted stock shares | shares	1.3

Concentration of Credit Risk -

Concentration of Credit Risk - Additional Information (Detail)	Dec. 31, 2019Property
Risks And Uncertainties [Abstract]
Number of properties owned, discontinued operations	63

Geographical Concentrations tha

Geographical Concentrations that Individually Accounted for 10% or More of Total Revenues Excluding Assets Classified as Held for Sale (Detail)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Total Revenue | Geographical | State of Texas
Concentration Risk [Line Items]
Concentration risk, percentage	[1]	20.80%	20.60%	20.80%
[1]	Includes rental income and related revenues 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 _3

Selected Quarterly Financial Data (Unaudited) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 81,344	$ 80,202	$ 80,147	$ 80,198	$ 79,615	$ 78,471	$ 77,189	$ 76,319	$ 321,891	$ 311,594	$ 284,707
Operating income	9,550	11,054	6,358	10,829	118	10,098	8,597	5,176	37,791	23,989	8,591
Income (loss) from continuing operations	2,277	1,591	(4,843)	(566)	(11,687)	(635)	(2,700)	(5,720)	(1,541)	(20,742)	(18,539)
Income (loss) from discontinued operations	5,616	3,877	333,370	10,474	5,037	(2,634)	(4,634)	(2,178)	353,337	(4,409)	(7,773)
Net income (loss) attributable to common stockholders	$ 7,870	$ 5,454	$ 328,272	$ 9,900	$ (6,642)	$ (3,248)	$ (7,308)	$ (7,874)	$ 351,496	$ (25,072)	$ (25,962)
Net (loss) income per share of common stock (basic and diluted)
Continuing operations	$ 0.01	$ 0.01	$ (0.03)	$ 0	$ (0.07)	$ 0	$ (0.02)	$ (0.03)	$ (0.01)	$ (0.12)	$ (0.11)
Discontinued operations	$ 0.03	$ 0.02	$ 1.92	$ 0.06	$ 0.03	$ (0.02)	$ (0.03)	$ (0.01)	$ 2.03	$ (0.03)	$ (0.04)
Weighted average number of shares outstanding (basic and diluted)	173,963	173,963	173,963	173,963	173,973	173,974	174,201	174,854	173,963	174,247	175,151

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ in Millions		1 Months Ended		12 Months Ended
		Mar. 27, 2020Facility	Feb. 29, 2020USD ($)	Dec. 31, 2019
Mortgage Loans | Primrose II Communities
Subsequent Event [Line Items]
Maturity date	[1]			Jun. 1, 2020
Subsequent Event | Arkansas
Subsequent Event [Line Items]
Number of skilled nursing facilities sold | Facility		6
Subsequent Event | Mortgage Loans | Primrose II Communities
Subsequent Event [Line Items]
Repayment of outstanding mortgage loan | $			$ 20.5
Maturity date			Jun. 1, 2020
[1]	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.

Schedule II-Valuation and Qua_2

Schedule II-Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ (5,755)	$ (3,437)	$ (11,068)
Charged to Costs and Expenses		(2,318)	7,631
Charged to Other Accounts	2,720	0	0
Balance at End of Year	(3,035)	(5,755)	(3,437)
Valuation Allowance of Deferred Tax Assets
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	(1,916)	(1,087)	(9,552)
Charged to Costs and Expenses		(829)	8,465
Charged to Other Accounts	808	0	0
Balance at End of Year	(1,108)	(1,916)	(1,087)
Allowance for Doubtful Accounts
Valuation And Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	(3,839)	(2,350)	(1,516)
Charged to Costs and Expenses		(1,489)	(834)
Charged to Other Accounts	1,912	0	0
Balance at End of Year	$ (1,927)	$ (3,839)	$ (2,350)

Schedule III-Real Estate And _2

Schedule III-Real Estate And Accumulated Depreciation (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances		$ 377,256
Initial Costs, Land & Land Improvements		127,922
Initial Costs, Building and Building Improvements		1,350,177
Costs Capitalized Subsequent to Acquisition, Land & Improvements		11,502
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements		223,226
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1]	139,424
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1]	1,573,403
Total		1,712,827	[1]	$ 2,713,680	$ 2,721,805	$ 2,692,074
Accumulated Depreciation		(226,529)		$ (279,645)	$ (219,457)	$ (153,124)
Primrose Retirement Community Casper, Wyoming
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	10,993
Initial Costs, Land & Land Improvements	[2]	1,910
Initial Costs, Building and Building Improvements	[2]	16,310
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	30
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	296
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,940
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,606
Total	[1],[2]	18,546
Accumulated Depreciation	[2]	$ (3,457)
Date of construction	[2]	2004
Date Acquired	[2]	Feb. 16, 2012
Primrose Retirement Community Of Grand Island
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,755
Initial Costs, Land & Land Improvements	[2]	719
Initial Costs, Building and Building Improvements	[2]	12,140
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	56
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	775
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,140
Total	[1],[2]	12,915
Accumulated Depreciation	[2]	$ (2,634)
Date of construction	[2]	2005
Date Acquired	[2]	Feb. 16, 2012
Primrose Retirement Community Mansfield, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 10,551
Initial Costs, Land & Land Improvements	[2]	650
Initial Costs, Building and Building Improvements	[2]	16,720
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	229
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	71
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	879
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,791
Total	[1],[2]	17,670
Accumulated Depreciation	[2]	$ (3,657)
Date of construction	[2]	2007
Date Acquired	[2]	Feb. 16, 2012
Primrose Retirement Community Marion, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,752
Initial Costs, Land & Land Improvements	[2]	889
Initial Costs, Building and Building Improvements	[2]	16,305
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	889
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,305
Total	[1],[2]	17,194
Accumulated Depreciation	[2]	$ (3,485)
Date of construction	[2]	2006
Date Acquired	[2]	Feb. 16, 2012
Sweetwater Retirement Community Billings, Montana
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 9,506
Initial Costs, Land & Land Improvements	[2]	1,578
Initial Costs, Building and Building Improvements	[2]	14,205
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	19
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,597
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,205
Total	[1],[2]	15,802
Accumulated Depreciation	[2]	$ (2,961)
Date of construction	[2]	2006
Date Acquired	[2]	Feb. 16, 2012
HarborChase Community Lady Lake, Florida
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,165
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	996
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	15,429
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,161
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	15,429
Total	[1],[2]	18,590
Accumulated Depreciation	[2]	$ (2,529)
Date of construction	[2]	2013
Date Acquired	[2]	Aug. 29, 2012
Primrose Retirement Community Aberdeen, South Dakota
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 311
Initial Costs, Building and Building Improvements	[2]	3,794
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	311
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	3,794
Total	[1],[2]	4,105
Accumulated Depreciation	[2]	$ (737)
Date of construction	[2]	2005
Date Acquired	[2]	Dec. 19, 2012
Primrose Retirement Community Council Bluffs, Iowa
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,144
Initial Costs, Building and Building Improvements	[2]	11,117
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	5
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,149
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,117
Total	[1],[2]	12,266
Accumulated Depreciation	[2]	$ (2,220)
Date of construction	[2]	2008
Date Acquired	[2]	Dec. 19, 2012
Primrose Retirement Community Decatur, Illinois
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 9,646
Initial Costs, Land & Land Improvements	[2]	513
Initial Costs, Building and Building Improvements	[2]	16,706
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	154
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	513
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,860
Total	[1],[2]	17,373
Accumulated Depreciation	[2]	$ (3,214)
Date of construction	[2]	2009
Date Acquired	[2]	Dec. 19, 2012
Primrose Retirement Community Lima, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 944
Initial Costs, Building and Building Improvements	[2]	17,115
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	8
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	4
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	952
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	17,119
Total	[1],[2]	18,071
Accumulated Depreciation	[2]	$ (3,262)
Date of construction	[2]	2006
Date Acquired	[2]	Dec. 19, 2012
Primrose Retirement Community Zanesville, Ohio
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 10,887
Initial Costs, Land & Land Improvements	[2]	1,184
Initial Costs, Building and Building Improvements	[2]	17,292
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	67
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,184
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	17,359
Total	[1],[2]	18,543
Accumulated Depreciation	[2]	$ (3,312)
Date of construction	[2]	2008
Date Acquired	[2]	Dec. 19, 2012
Capital Health of Symphony Manor Baltimore, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 13,575
Initial Costs, Land & Land Improvements	[2]	2,319
Initial Costs, Building and Building Improvements	[2]	19,444
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	160
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]	19,604
Total	[1],[2]	21,923
Accumulated Depreciation	[2]	$ (3,666)
Date of construction	[2]	2011
Date Acquired	[2]	Dec. 21, 2012
Curry House Assisted Living & Memory Care Cadillac, Michigan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,127
Initial Costs, Land & Land Improvements	[2]	995
Initial Costs, Building and Building Improvements	[2]	11,072
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	9
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	2
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,004
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,074
Total	[1],[2]	12,078
Accumulated Depreciation	[2]	$ (2,106)
Date of construction	[2]	1966
Date Acquired	[2]	Dec. 21, 2012
Tranquillity at Fredericktowne, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 19,565
Initial Costs, Land & Land Improvements	[2]	808
Initial Costs, Building and Building Improvements	[2]	14,291
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	6,086
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]	20,377
Total	[1],[2]	21,185
Accumulated Depreciation	[2]	$ (3,485)
Date of construction	[2]	2000
Date Acquired	[2]	Dec. 21, 2012
Brookridge Heights Assisted Living and Memory Care Marquette, Michigan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,004
Initial Costs, Land & Land Improvements	[2]	595
Initial Costs, Building and Building Improvements	[2]	11,339
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	(17)
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	4,762
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	578
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	16,101
Total	[1],[2]	16,679
Accumulated Depreciation	[2]	$ (2,904)
Date of construction	[2]	1998
Date Acquired	[2]	Dec. 21, 2012
Woodholme Gardens Assisted Living and Memory Care Pikesville, Maryland
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 6,116
Initial Costs, Land & Land Improvements	[2]	1,603
Initial Costs, Building and Building Improvements	[2]	13,472
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	54
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	8
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]	13,480
Total	[1],[2]	15,137
Accumulated Depreciation	[2]	$ (2,563)
Date of construction	[2]	2010
Date Acquired	[2]	Dec. 21, 2012
Batesville Healthcare Center Batesville, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 397
Initial Costs, Building and Building Improvements	[2]	5,382
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	113
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]	5,382
Total	[1],[2]	5,892
Accumulated Depreciation	[2]	$ (598)
Date of construction	[2]	1975
Date Acquired	[2]	May 31, 2013
Broadway Healthcare Center West Memphis, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 438
Initial Costs, Building and Building Improvements	[2]	10,560
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	77
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	438
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,637
Total	[1],[2]	11,075
Accumulated Depreciation	[2]	$ (1,189)
Date of construction	[2]	1994
Date Acquired	[2]	May 31, 2013
Jonesboro Healthcare Center Jonesboro, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 527
Initial Costs, Building and Building Improvements	[2]	13,493
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	5
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	527
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,498
Total	[1],[2]	14,025
Accumulated Depreciation	[2]	$ (1,494)
Date of construction	[2]	2012
Date Acquired	[2]	May 31, 2013
Magnolia Healthcare Center Magnolia, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 421
Initial Costs, Building and Building Improvements	[2]	10,454
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	421
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,454
Total	[1],[2]	10,875
Accumulated Depreciation	[2]	$ (1,177)
Date of construction	[2]	2009
Date Acquired	[2]	May 31, 2013
Mine Creek Healthcare Center Nashville, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 135
Initial Costs, Building and Building Improvements	[2]	2,942
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	11
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	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	[2]	$ (347)
Date of construction	[2]	1978
Date Acquired	[2]	May 31, 2013
Searcy Healthcare Center Searcy, Arkansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 648
Initial Costs, Building and Building Improvements	[2]	6,017
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	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	[2]	$ (710)
Date of construction	[2]	1973
Date Acquired	[2]	May 31, 2013
HarborChase of Jasper Jasper, Alabama
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 355
Initial Costs, Building and Building Improvements	[2]	6,358
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	50
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]	6,408
Total	[1],[2]	6,763
Accumulated Depreciation	[2]	$ (1,089)
Date of construction	[2]	1998
Date Acquired	[2]	Jul. 31, 2013
Doctor's Specialty Hospital Leawood, Kansas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 924
Initial Costs, Building and Building Improvements	[2]	5,771
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	69
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	993
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	5,771
Total	[1],[2]	6,764
Accumulated Depreciation	[2]	$ (842)
Date of construction	[2]	2001
Date Acquired	[2]	Aug. 16, 2013
Raider Ranch Lubbock, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 4,992
Initial Costs, Building and Building Improvements	[2]	48,818
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	499
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	12,627
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,491
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	61,445
Total	[1],[2]	66,936
Accumulated Depreciation	[2]	$ (9,562)
Date of construction	[2]	2009
Date Acquired	[2]	Aug. 29, 2013
Town Village Oklahoma City, Oklahoma
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,020
Initial Costs, Building and Building Improvements	[2]	19,847
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	87
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	1,319
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,107
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,166
Total	[1],[2]	22,273
Accumulated Depreciation	[2]	$ (3,562)
Date of construction	[2]	2004
Date Acquired	[2]	Aug. 29, 2013
Prestige Senior Living Beaverton Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,469
Initial Costs, Land & Land Improvements	[2]	1,387
Initial Costs, Building and Building Improvements	[2]	10,324
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	6
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,393
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,324
Total	[1],[2]	11,717
Accumulated Depreciation	[2]	$ (1,691)
Date of construction	[2]	2000
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living High Desert
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,416
Initial Costs, Land & Land Improvements	[2]	835
Initial Costs, Building and Building Improvements	[2]	11,252
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	17
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	48
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	852
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	11,300
Total	[1],[2]	12,152
Accumulated Depreciation	[2]	$ (1,921)
Date of construction	[2]	2003
Date Acquired	[2]	Dec. 2, 2013
MorningStar of Billings
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 18,566
Initial Costs, Land & Land Improvements	[2]	4,067
Initial Costs, Building and Building Improvements	[2]	41,373
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	51
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	186
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,118
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	41,559
Total	[1],[2]	45,677
Accumulated Depreciation	[2]	$ (7,156)
Date of construction	[2]	2009
Date Acquired	[2]	Dec. 2, 2013
MorningStar of Boise
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 19,896
Initial Costs, Land & Land Improvements	[2]	1,663
Initial Costs, Building and Building Improvements	[2]	35,752
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	18
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	234
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,681
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	35,986
Total	[1],[2]	37,667
Accumulated Depreciation	[2]	$ (5,840)
Date of construction	[2]	2007
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Huntington Terrace
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 9,504
Initial Costs, Land & Land Improvements	[2]	1,236
Initial Costs, Building and Building Improvements	[2]	12,083
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	2
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	64
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]	12,147
Total	[1],[2]	13,385
Accumulated Depreciation	[2]	$ (2,018)
Date of construction	[2]	2000
Date Acquired	[2]	Dec. 2, 2013
MorningStar of Idaho Falls
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 16,562
Initial Costs, Land & Land Improvements	[2]	2,006
Initial Costs, Building and Building Improvements	[2]	40,397
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	5
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	232
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]	40,629
Total	[1],[2]	42,640
Accumulated Depreciation	[2]	$ (6,736)
Date of construction	[2]	2009
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Arbor Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,817
Initial Costs, Land & Land Improvements	[2]	355
Initial Costs, Building and Building Improvements	[2]	14,083
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	6
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	34
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	361
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,117
Total	[1],[2]	14,478
Accumulated Depreciation	[2]	$ (2,286)
Date of construction	[2]	2003
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Orchard Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 11,396
Initial Costs, Land & Land Improvements	[2]	545
Initial Costs, Building and Building Improvements	[2]	15,544
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	8
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	183
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	553
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	15,727
Total	[1],[2]	16,280
Accumulated Depreciation	[2]	$ (2,521)
Date of construction	[2]	2002
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Southern Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,114
Initial Costs, Land & Land Improvements	[2]	653
Initial Costs, Building and Building Improvements	[2]	10,753
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	43
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	8
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	696
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	10,761
Total	[1],[2]	11,457
Accumulated Depreciation	[2]	$ (1,775)
Date of construction	[2]	2001
Date Acquired	[2]	Dec. 2, 2013
MorningStar of Sparks
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 22,034
Initial Costs, Land & Land Improvements	[2]	3,986
Initial Costs, Building and Building Improvements	[2]	47,968
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	16
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	43
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,002
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	48,011
Total	[1],[2]	52,013
Accumulated Depreciation	[2]	$ (8,037)
Date of construction	[2]	2009
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Five Rivers
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 7,293
Initial Costs, Land & Land Improvements	[2]	1,298
Initial Costs, Building and Building Improvements	[2]	14,064
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	18
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	110
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,316
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	14,174
Total	[1],[2]	15,490
Accumulated Depreciation	[2]	$ (2,456)
Date of construction	[2]	2002
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Riverwood
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 4,308
Initial Costs, Land & Land Improvements	[2]	1,028
Initial Costs, Building and Building Improvements	[2]	7,429
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	12
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	85
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,040
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	7,514
Total	[1],[2]	8,554
Accumulated Depreciation	[2]	$ (1,276)
Date of construction	[2]	1999
Date Acquired	[2]	Dec. 2, 2013
Prestige Senior Living Auburn Meadows
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 9,942
Initial Costs, Land & Land Improvements	[2]	2,537
Initial Costs, Building and Building Improvements	[2]	17,261
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	174
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]	17,435
Total	[1],[2]	19,972
Accumulated Depreciation	[2]	$ (2,822)
Date Acquired	[2]	Feb. 3, 2014
Prestige Senior Living Auburn Meadows One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2003
Prestige Senior Living Auburn Meadows Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2010
Prestige Senior Living Bridgewood
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 12,518
Initial Costs, Land & Land Improvements	[2]	1,603
Initial Costs, Building and Building Improvements	[2]	18,172
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	10
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	35
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,613
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	18,207
Total	[1],[2]	19,820
Accumulated Depreciation	[2]	$ (2,919)
Date of construction	[2]	2001
Date Acquired	[2]	Feb. 3, 2014
Prestige Senior Living Monticello Park
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 16,689
Initial Costs, Land & Land Improvements	[2]	1,981
Initial Costs, Building and Building Improvements	[2]	23,056
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	1
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	20
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,982
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	23,076
Total	[1],[2]	25,058
Accumulated Depreciation	[2]	$ (3,654)
Date Acquired	[2]	Feb. 3, 2014
Prestige Senior Living Monticello Park One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2001
Prestige Senior Living Monticello Park Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2010
Prestige Senior Living Rosemont
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,778
Initial Costs, Land & Land Improvements	[2]	668
Initial Costs, Building and Building Improvements	[2]	14,564
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	46
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]	14,610
Total	[1],[2]	15,278
Accumulated Depreciation	[2]	$ (2,286)
Date of construction	[2]	2004
Date Acquired	[2]	Feb. 3, 2014
Wellmore of Tega Cay
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,445
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	2,743
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	23,451
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,188
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	23,451
Total	[1],[2]	28,639
Accumulated Depreciation	[2]	$ (3,528)
Date of construction	[2]	2015
Date Acquired	[2]	Feb. 7, 2014
Isle at Cedar Ridge
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,525
Initial Costs, Building and Building Improvements	[2]	16,277
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	189
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]	16,466
Total	[1],[2]	17,991
Accumulated Depreciation	[2]	$ (2,693)
Date of construction	[2]	2011
Date Acquired	[2]	Feb. 28, 2014
Prestige Senior Living West Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,296
Initial Costs, Land & Land Improvements	[2]	842
Initial Costs, Building and Building Improvements	[2]	12,603
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	11
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	13
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	853
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	12,616
Total	[1],[2]	13,469
Accumulated Depreciation	[2]	$ (2,050)
Date of construction	[2]	2002
Date Acquired	[2]	Mar. 3, 2014
HarborChase of Plainfield
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,596
Initial Costs, Building and Building Improvements	[2]	21,832
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,596
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,832
Total	[1],[2]	23,428
Accumulated Depreciation	[2]	$ (3,402)
Date of construction	[2]	2010
Date Acquired	[2]	Mar. 28, 2014
Legacy Ranch Alzheimer's Special Care Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 917
Initial Costs, Building and Building Improvements	[2]	9,982
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	7
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]	9,989
Total	[1],[2]	10,906
Accumulated Depreciation	[2]	$ (1,587)
Date of construction	[2]	2012
Date Acquired	[2]	Mar. 28, 2014
The Springs Alzheimer's Special Care Center
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 595
Initial Costs, Building and Building Improvements	[2]	9,658
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	9
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	604
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	9,658
Total	[1],[2]	10,262
Accumulated Depreciation	[2]	$ (1,534)
Date of construction	[2]	2012
Date Acquired	[2]	Mar. 28, 2014
Isle at Watercrest - Bryan
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 3,223
Initial Costs, Building and Building Improvements	[2]	40,581
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	36
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	972
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,259
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	41,553
Total	[1],[2]	44,812
Accumulated Depreciation	[2]	$ (6,601)
Date of construction	[2]	2011
Date Acquired	[2]	Apr. 21, 2014
Isle at Watercrest - Mansfield
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 997
Initial Costs, Building and Building Improvements	[2]	24,635
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	51
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]	24,686
Total	[1],[2]	25,683
Accumulated Depreciation	[2]	$ (3,712)
Date of construction	[2]	2011
Date Acquired	[2]	May 5, 2014
Watercrest at Katy
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 21,274
Initial Costs, Land & Land Improvements	[2]	4,000
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	120
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	32,372
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,120
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	32,372
Total	[1],[2]	36,492
Accumulated Depreciation	[2]	$ (3,000)
Date of construction	[2]	2016
Date Acquired	[2]	Jun. 27, 2014
Watercrest at Mansfield
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 24,625
Initial Costs, Land & Land Improvements	[2]	2,191
Initial Costs, Building and Building Improvements	[2]	42,740
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	11
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	933
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,202
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	43,673
Total	[1],[2]	45,875
Accumulated Depreciation	[2]	$ (6,375)
Date of construction	[2]	2010
Date Acquired	[2]	Jun. 30, 2014
HarborChase Of Shorewood (Shorewood, Wisconsin)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,200
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	301
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	19,862
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,501
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,862
Total	[1],[2]	22,363
Accumulated Depreciation	[2]	$ (2,159)
Date of construction	[2]	2015
Date Acquired	[2]	Jul. 8, 2014
Hurst Specialty Hospital
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,082
Initial Costs, Building and Building Improvements	[2]	20,186
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,082
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	20,186
Total	[1],[2]	22,268
Accumulated Depreciation	[2]	$ (2,708)
Date Acquired	[2]	Aug. 15, 2014
Hurst Specialty Hospital One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2004
Hurst Specialty Hospital Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2012
Fairfield Village of Layton
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 5,217
Initial Costs, Building and Building Improvements	[2]	54,167
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	66
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	49
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,283
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	54,216
Total	[1],[2]	59,499
Accumulated Depreciation	[2]	$ (7,836)
Date of construction	[2]	2010
Date Acquired	[2]	Nov. 20, 2014
Fieldstone Memory Care
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,297
Initial Costs, Building and Building Improvements	[2]	9,965
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	6
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]	9,971
Total	[1],[2]	11,268
Accumulated Depreciation	[2]	$ (1,343)
Date of construction	[2]	2014
Date Acquired	[2]	Mar. 31, 2015
Primrose Retirement Center of Anderson
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,342
Initial Costs, Building and Building Improvements	[2]	19,083
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	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	[2]	$ (2,473)
Date of construction	[2]	2008
Date Acquired	[2]	May 29, 2015
Primrose Retirement Center of Lancaster
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,840
Initial Costs, Building and Building Improvements	[2]	21,884
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,840
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	21,884
Total	[1],[2]	24,724
Accumulated Depreciation	[2]	$ (3,117)
Date of construction	[2]	2007
Date Acquired	[2]	May 29, 2015
Primrose Retirement Center of Wausau
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,089
Initial Costs, Building and Building Improvements	[2]	18,653
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,089
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	18,653
Total	[1],[2]	19,742
Accumulated Depreciation	[2]	$ (2,318)
Date of construction	[2]	2008
Date Acquired	[2]	May 29, 2015
Superior Residences of Panama City
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,099
Initial Costs, Building and Building Improvements	[2]	19,367
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	14
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	17
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,113
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	19,384
Total	[1],[2]	21,497
Accumulated Depreciation	[2]	$ (2,456)
Date of construction	[2]	2015
Date Acquired	[2]	Jul. 15, 2015
The Hampton at Meadows Place
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 715
Initial Costs, Building and Building Improvements	[2]	24,281
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	283
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]	24,564
Total	[1],[2]	25,279
Accumulated Depreciation	[2]	$ (2,819)
Date Acquired	[2]	Jul. 31, 2015
The Hampton at Meadows Place One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2007
The Hampton at Meadows Place Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2013
The Hampton at Meadows Place Three
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2014
The Pavilion at Great Hills
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,783
Initial Costs, Building and Building Improvements	[2]	29,318
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	30
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	209
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,813
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	29,527
Total	[1],[2]	31,340
Accumulated Depreciation	[2]	$ (3,431)
Date of construction	[2]	2010
Date Acquired	[2]	Jul. 31, 2015
The Beacon at Gulf Breeze
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 824
Initial Costs, Building and Building Improvements	[2]	24,106
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	84
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	149
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	908
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	24,255
Total	[1],[2]	25,163
Accumulated Depreciation	[2]	$ (2,910)
Date of construction	[2]	2008
Date Acquired	[2]	Jul. 31, 2015
Parc at Piedmont
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 3,529
Initial Costs, Building and Building Improvements	[2]	43,080
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	31
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	311
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,560
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	43,391
Total	[1],[2]	46,951
Accumulated Depreciation	[2]	$ (5,202)
Date Acquired	[2]	Jul. 31, 2015
Parc at Piedmont One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2001
Parc at Piedmont Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2011
Parc at Duluth
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 5,951
Initial Costs, Building and Building Improvements	[2]	42,458
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	47
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	1,061
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,998
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	43,519
Total	[1],[2]	49,517
Accumulated Depreciation	[2]	$ (5,467)
Date Acquired	[2]	Jul. 31, 2015
Parc at Duluth One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2003
Parc at Duluth Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2012
Waterstone on Augusta (Greenville, SC)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,253
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	2,116
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	20,786
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	4,369
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	20,786
Total	[1],[2]	25,155
Accumulated Depreciation	[2]	$ (1,845)
Date of construction	[2]	2017
Date Acquired	[2]	Aug. 31, 2015
Wellmore of Lexington (Lexington, SC)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,300
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	3,150
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	43,085
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	5,450
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	43,085
Total	[1],[2]	48,535
Accumulated Depreciation	[2]	$ (3,286)
Date of construction	[2]	2017
Date Acquired	[2]	Sep. 14, 2015
Palmilla Senior Living
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 4,701
Initial Costs, Building and Building Improvements	[2]	38,321
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	65
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]	38,386
Total	[1],[2]	43,087
Accumulated Depreciation	[2]	$ (4,465)
Date of construction	[2]	2013
Date Acquired	[2]	Sep. 30, 2015
Cedar Lake Assisted Living and Memory Care
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,412
Initial Costs, Building and Building Improvements	[2]	25,126
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	6
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	9
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	2,418
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	25,135
Total	[1],[2]	27,553
Accumulated Depreciation	[2]	$ (2,921)
Date of construction	[2]	2014
Date Acquired	[2]	Sep. 30, 2015
Fieldstone at Pear Orchard (Yakima, Washington)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	[2]	$ 8,282
Initial Costs, Land & Land Improvements	[2]	1,035
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	102
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	13,499
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,137
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	13,499
Total	[1],[2]	14,636
Accumulated Depreciation	[2]	$ (1,088)
Date of construction	[2]	2016
Date Acquired	[2]	Oct. 12, 2015
The Shores of Lake Phalen
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 2,724
Initial Costs, Building and Building Improvements	[2]	25,093
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	10
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	90
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]	25,183
Total	[1],[2]	27,917
Accumulated Depreciation	[2]	$ (2,845)
Date of construction	[2]	2012
Date Acquired	[2]	Nov. 10, 2015
Dogwood Forest of Grayson (Grayson, GA)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,788
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	109
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	22,051
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]	22,051
Total	[1],[2]	23,948
Accumulated Depreciation	[2]	$ (1,471)
Date of construction	[2]	2017
Date Acquired	[2]	Nov. 24, 2015
Park Place Senior Living at WingHaven
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,283
Initial Costs, Building and Building Improvements	[2]	48,221
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	113
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	763
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	1,396
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	48,984
Total	[1],[2]	50,380
Accumulated Depreciation	[2]	$ (5,183)
Date Acquired	[2]	Dec. 17, 2015
Park Place Senior Living at WingHaven One
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2006
Park Place Senior Living at WingHaven Two
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Date of construction	[2]	2014
Hearthside Senior Living of Collierville
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 1,756
Initial Costs, Building and Building Improvements	[2]	13,379
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	7
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	28
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]	13,407
Total	[1],[2]	15,170
Accumulated Depreciation	[2]	$ (1,498)
Date of construction	[2]	2014
Date Acquired	[2]	Dec. 29, 2015
Cobalt Rehabilitation Hospital New Orleans
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 3,283
Initial Costs, Building and Building Improvements	[2]	20,142
Costs Capitalized Subsequent to Acquisition, Land & Improvements	[2]	5
Costs Capitalized Subsequent to Acquisition, Buildings and Building Improvements	[2]	5
Gross Amounts at which Carried at Close of period, Land & Land Improvements	[1],[2]	3,288
Gross Amounts at which Carried at Close of period, Building & Building Improvements	[1],[2]	20,147
Total	[1],[2]	23,435
Accumulated Depreciation	[2]	$ (1,050)
Date of construction	[2]	2016
Date Acquired	[2]	Oct. 19, 2016
Isle at Watercrest - Mansfield, Texas
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial Costs, Land & Land Improvements	[2]	$ 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	[2]	Sep. 7, 2017
[1]	The aggregate cost for federal income tax purposes is approximately $1.9 billion.
[2]	Buildings and building improvements are depreciated over 39 and 15 years, respectively. Tenant improvements are depreciated over the terms of their respective leases.

Schedule III-Real Estate And _3

Schedule III-Real Estate And Accumulated Depreciation Transactions in Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019		Dec. 31, 2018	Dec. 31, 2017
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Real Estate gross carrying value, Beginning Balance	$ 2,713,680		$ 2,721,805	$ 2,692,074
Acquisitions				1,056
Improvements	4,039		9,052	28,675
Dispositions	(1,004,892)		(5,359)
Impairments			(11,818)
Real Estate gross carrying value, Ending Balance	1,712,827	[1]	2,713,680	2,721,805
Real Estate accumulated depreciation, Beginning Balance	(279,645)		(219,457)	(153,124)
Depreciation	(41,737)		(60,821)	(66,333)
Accumulated depreciation on dispositions	94,853		633
Real Estate accumulated depreciation, Ending Balance	$ (226,529)		$ (279,645)	$ (219,457)
[1]	The aggregate cost for federal income tax purposes is approximately $1.9 billion.

Schedule III-Real Estate And _4

Schedule III-Real Estate And Accumulated Depreciation (Parenthetical) (Detail) $ in Billions	12 Months Ended
	Dec. 31, 2019USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Aggregate cost for federal income tax purpose	$ 1.9
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 On_2

Schedule IV-Mortgage Loans On Real Estate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at beginning of year	$ 1,688	$ 1,179	$ 0
New mortgage loans and additional advances	531	432	1,168
Accrued and deferred interest	9	77	11
Collection of principal	(1,746)	0	0
Balance at end of year	$ 482	$ 1,688	$ 1,179