SCHEDULE III - REAL ESTATE INVESTMENTS AND ACCUMULATED DEPRECIATION | December 31, 2015 Initial Costs Additions Subsequent to Acquisition Cost at December 31, 2015 Accumulated Date of Date Life on Location Type of Property Land Buildings Improvements Carrying Costs Land Buildings Total Encumbrances (Amounts in thousands) Baden-Wurttemburg, Germany Rehabilitation hospital — 9,459 — — — 9,459 9,459 493 — 1994 November 30, 2013 40 Saxony, Germany Rehabilitation hospital 372 20,515 — — 372 20,515 20,887 1,068 — 1996 November 30, 2013 40 Rhineland-Pflaz, Germany Rehabilitation hospital 3,175 15,008 — — 3,175 15,008 18,183 782 — 1960 November 30, 2013 40 Brandenburg, Germany Rehabilitation hospital 346 17,874 — — 346 17,874 18,220 931 — 1994 November 30, 2013 40 Hesse, Germany Rehabilitation hospital 92 5,236 — — 92 5,236 5,328 273 — 1981 November 30, 2013 40 Hesse, Germany Rehabilitation hospital 3,078 14,804 — — 3,078 14,804 17,882 771 — 1977 November 30, 2013 40 Rhineland-Pflaz, Germany Rehabilitation hospital — 29,701 — — — 29,701 29,701 1,547 — 1992 November 30, 2013 40 Saxony, Germany Rehabilitation hospital 539 14,943 — — 539 14,943 15,482 778 — 1904, 1995 November 30, 2013 40 Rhineland-Pflaz, Germany Rehabilitation hospital 728 6,545 — — 728 6,545 7,273 341 — 1980 November 30, 2013 40 Rhineland-Pflaz, Germany Rehabilitation hospital 5,834 16,109 — — 5,834 16,109 21,943 839 — 1930 November 30, 2013 40 Baden-Wurttemburg, Germany Rehabilitation hospital 3,420 5,827 — — 3,420 5,827 9,247 303 — 1986 November 30, 2013 40 Bavaria, Germany Rehabilitation hospital 2,204 9,294 194 — 2,204 9,488 11,692 257 — 1974 November 19, 2014 40 Thuringia, Germany Rehabilitation hospital 1,605 33,913 — — 1,605 33,913 35,518 989 — 1954, 1992 November 5, 2014 40 Baden-Wurttemburg, Germany Rehabilitation hospital — 11,249 — — — 11,249 11,249 305 — 1988, 1995 December 11, 2014 40 Bath, UK Acute care general hospital 1,747 36,203 — — 1,747 36,203 37,950 1,358 — 2008, 2009 July 1, 2014 40 Ottenhöfen, Germany Rehabilitation hospital 2,254 12,681 108 — 2,362 12,681 15,043 162 — 1956/1957 July 3, 2015 40 Bad Berka, Germany Rehabilitation hospital 3,226 15,046 168 — 3,394 15,046 18,440 161 — 1997 July 22, 2015 40 Wiesbaden, Germany Rehabilitation hospital 1,608 7,457 38 — 1,646 7,457 9,103 94 — 1974 June 30, 2015 40 Bad Lausick, Germany Rehabilitation hospital 1,733 15,674 152 — 1,885 15,674 17,559 201 — 1993 June 30, 2015 40 Bad Sülze, Germany Rehabilitation hospital 2,297 19,814 196 — 2,493 19,814 22,307 254 — 1993 June 30, 2015 40 Kurort Berggießhübel, Germany Rehabilitation hospital 3,199 15,452 — — 3,199 15,452 18,651 165 — 1993 July 21, 2015 40 Braunfels, Germany Acute care general hospital 2,086 13,331 54 — 2,140 13,331 15,471 168 — 1977 June 30, 2015 40 Bernkastel-Kues, Germany Rehabilitation hospital 3,498 15,191 43 — 3,541 15,191 18,732 159 — 1982 July 15, 2015 40 Flechtingen, Germany Rehabilitation hospital 2,781 14,036 146 — 2,927 14,036 16,963 180 — 1993 June 30, 2015 40 Flechtingen, Germany Rehabilitation hospital 2,781 21,989 217 — 2,998 21,989 24,987 282 — 1993-1995 June 30, 2015 40 Nordrach, Germany Rehabilitation hospital 304 2,910 82 — 386 2,910 3,296 39 — 1960 July 7, 2015 40 Bad Gottleuba, Germany Rehabilitation hospital 3,259 14,937 863 — 4,122 14,937 19,059 — — 1913 December 16, 2015 40 Grünheide, Germany Rehabilitation hospital 8,369 40,596 331 — 8,700 40,596 49,296 432 — 1994/2014 July 31, 2015 40 Baden-Baden, Germany Rehabilitation hospital 1,271 8,936 125 — 1,396 8,936 10,332 116 — 1900/2002-2003 June 30, 2015 40 Gyhum, Germany Rehabilitation hospital 3,878 22,165 341 — 4,219 22,165 26,384 288 — 1994 June 30, 2015 40 Hannover, Germany Rehabilitation hospital 4,073 16,293 — — 4,073 16,293 20,366 34 — 1900 December 1, 2015 40 Heiligendamm, Germany Rehabilitation hospital 4,182 26,063 206 — 4,388 26,063 30,451 333 — 1995 June 30, 2015 40 Bad Camberg, Germany Rehabilitation hospital 2,026 15,447 260 — 2,286 15,447 17,733 202 — 1973 June 30, 2015 40 Hoppegarten, Germany Rehabilitation hospital 3,894 24,117 239 — 4,133 24,117 28,250 258 — 1994 July 27, 2015 40 Ban Nauheim, Germany Rehabilitation hospital 3,074 15,529 141 — 3,215 15,529 18,744 199 — 1977 June 30, 2015 40 Kalbe, Germany Rehabilitation hospital 3,400 22,716 163 — 3,563 22,716 26,279 289 — 1995 July 6, 2015 40 Bad Soden-Salmunster, Germany Rehabilitation hospital 934 6,482 120 — 1,054 6,482 7,536 85 — 1974 June 30, 2015 40 Berlin, Germany Rehabilitation hospital 1,157 20,767 184 — 1,341 20,767 22,108 221 — 1998 July 16, 2015 40 Bad Lobenstein, Germany Rehabilitation hospital 3,541 20,079 179 — 3,720 20,079 23,799 257 — 1994 June 30, 2015 40 Bernkastel-Kues, Germany Rehabilitation hospital 782 11,284 130 — 912 11,284 12,196 145 — 1993 July 14, 2015 40 Magdeburg, Germany Rehabilitation hospital 14,387 53,369 250 — 14,637 53,369 68,006 563 — 1999/2014 July 22, 2015 40 Schlangenbad, Germany Rehabilitation hospital 1,048 3,411 266 — 1,314 3,411 4,725 52 — 1973 June 30, 2015 40 Bad Dürrheim, Germany Rehabilitation hospital 1,390 11,400 228 — 1,618 11,400 13,018 125 — 1960-1970 July 24, 2015 40 Bad Krozingen, Germany Rehabilitation hospital 1,472 10,733 114 — 1,586 10,733 12,319 115 — 2008 July 24, 2015 40 Bad Nauheim, Germany Rehabilitation hospital 1,760 9,198 54 — 1,814 9,198 11,012 117 — 1972-1973 June 30, 2015 40 Bad Tennstedt, Germany Rehabilitation hospital 3,677 27,261 201 — 3,878 27,261 31,139 347 — 1993 June 30, 2015 40 Wismar, Germany Rehabilitation hospital 3,465 20,645 195 — 3,660 20,645 24,305 265 — 1996 June 30, 2015 40 Houston, TX Acute care general hospital 3,501 34,530 8,477 15,993 3,274 59,227 62,501 8,018 — 1960 August 10, 2007 40 Allen, TX Freestanding ER 1,550 3,921 — — 1,550 3,921 5,471 147 — 2014 July 14, 2014 40 San Diego, CA Acute care general hospital 12,663 52,432 — — 12,663 52,432 65,095 6,445 — 1973 February 9, 2011 40 Alvin, TX Freestanding ER 105 4,087 — — 105 4,087 4,192 156 — 2014 March 19, 2014 40 Aurora, CO Freestanding ER — 4,860 — — — 4,860 4,860 26 — 2015 September 17, 2015 40 Ft. Worth, TX Freestanding ER — 3,984 — — — 3,984 3,984 75 — 2015 March 27, 2015 40 Bayonne, NJ Acute care general hospital 2,003 51,495 — — 2,003 51,495 53,498 12,658 — 1918 February 4, 2011 20 Bennettsville, SC Acute care general hospital 794 15,772 — — 794 15,772 16,566 3,050 — 1984 April 1, 2008 40 Blue Springs, MO Acute care general hospital 4,347 23,494 — — 4,347 23,494 27,841 566 — 1980 February 13, 2015 40 Bossier City, LA Long term acute care hospital 900 17,818 — — 900 17,818 18,718 3,450 — 1982 April 1, 2008 40 Austin, TX Freestanding ER 1,140 3,853 — — 1,140 3,853 4,993 161 — 2014 May 29, 2014 40 Broomfield, CO Freestanding ER 825 3,895 — — 825 3,895 4,720 146 — 2014 July 3, 2014 40 Carrollton, TX Acute care general hospital 729 34,289 — — 729 34,289 35,018 354 — 2015 July 17, 2015 40 Cedar Hill. TX Freestanding ER 1,122 3,644 — — 1,122 3,644 4,766 137 — 2014 June 23, 2014 40 Spring, TX Freestanding ER 1,310 3,543 — — 1,310 3,543 4,853 133 — 2014 July 15, 2014 40 Chandler, AZ Freestanding ER — 4,244 — — — 4,244 4,244 71 — 2015 April 24, 2015 40 Chandler, AZ Freestanding ER 750 3,214 — — 750 3,214 3,964 19 — 2015 October 7, 2015 40 Cheraw, SC Acute care general hospital 657 19,576 — — 657 19,576 20,233 3,785 — 1982 April 1, 2008 40 Katy, TX Freestanding ER — 3,248 — — — 3,248 3,248 14 — 2015 October 21, 2015 40 Webster, TX Long term acute care hospital 663 33,751 — — 663 33,751 34,414 4,219 — 2004 December 21, 2010 40 Commerce City, TX Freestanding ER 707 4,236 — — 707 4,236 4,943 115 — 2014 December 11, 2014 40 Conroe, TX Freestanding ER 1,338 3,436 — — 1,338 3,436 4,774 35 — 2015 July 29, 2015 40 Converse, TX Freestanding ER 750 4,405 — — 750 4,405 5,155 83 — 2015 April 10, 2015 40 Corinth, TX Long term acute care hospital 1,288 21,175 313 — 1,601 21,175 22,776 2,671 — 2008 January 31, 2011 40 Covington, LA Long term acute care hospital 821 10,238 — 14 821 10,252 11,073 2,712 — 1984 June 9, 2005 40 Dallas, TX Long term acute care hospital 1,000 13,589 — 368 1,421 13,536 14,957 3,158 — 2006 September 5, 2006 40 Denver, CO Freestanding ER — 4,275 — — — 4,275 4,275 56 — 2015 June 8, 2015 40 DeSoto, TX Long term acute care hospital 1,067 10,701 86 8 1,161 10,701 11,862 1,202 — 2008 July 18, 2011 40 Detroit, MI Long term acute care hospital 1,220 8,687 — (365 ) 1,220 8,322 9,542 1,656 — 1956 May 22, 2008 40 Dulles, TX Freestanding ER 1,076 3,784 — — 1,076 3,784 4,860 125 — 2014 September 12, 2014 40 Houston, TX Freestanding ER 1,345 3,678 — — 1,345 3,678 5,023 138 — 2014 June 20, 2014 40 Fairmont, CA Acute care general hospital 1,000 12,301 1,386 — 1,277 13,410 14,687 443 — 1939, 1972, 1985 September 19, 2014 40 Firestone, TX Freestanding ER 495 3,963 — — 495 3,963 4,458 157 — 2014 June 6, 2014 40 Florence, AZ Acute care general hospital 900 28,462 — — 900 28,462 29,362 2,659 — 2012 November 4, 2010 40 Fort Lauderdale, FL Rehabilitation hospital 3,499 21,939 — 1 3,499 21,940 25,439 4,214 — 1985 April 22, 2008 40 Fountain, CO Freestanding ER 1,508 4,131 — — 1,508 4,131 5,639 146 — 2014 July 31, 2014 40 Frisco, TX Freestanding ER — 3,769 — — — 3,769 3,769 15 — 2015 November 13, 2015 40 Frisco, TX Freestanding ER 1,500 3,863 27 — 1,500 3,890 5,390 154 — 2014 June 13, 2014 40 Garden Grove, CA Acute care general hospital 5,502 10,748 — 51 5,502 10,799 16,301 1,925 — 1982 November 25, 2008 40 Garden Grove, CA Medical Office Building 862 7,888 — 28 862 7,916 8,778 1,404 — 1982 November 25, 2008 40 Gilbert, AZ Acute care general hospital 150 15,553 — — 150 15,553 15,703 1,944 — 2005 January 4, 2011 40 Gilbert, AZ Freestanding ER 1,518 4,112 — — 1,518 4,112 5,630 39 — 2015 July 22, 2015 40 Glendale, AZ Freestanding ER — 3,886 — — — 3,886 3,886 50 — 2015 June 5, 2015 40 Hammond, LA Long term acute care hospital 519 8,941 — — 519 8,941 9,460 689 — 2003 December 14, 2012 40 Hausman, TX Acute care general hospital 1,500 8,958 — — 1,500 8,958 10,458 611 — 2013 March 1, 2013 40 Highland Village, TX Freestanding ER — 3,673 — — — 3,673 3,673 21 — 2015 September 22, 2015 40 Hill County, TX Acute care general hospital 1,120 17,882 — — 1,120 17,882 19,002 6,294 — 1980 September 17, 2010 40 Hoboken, NJ Acute care general hospital 1,387 44,351 — — 1,387 44,351 45,738 9,173 — 1863 November 4, 2011 20 Hoover, AL Freestanding ER — 7,581 — — — 7,581 7,581 126 — 2015 May 1, 2015 34 Hoover, AL Medical Office Building — 1,034 — — — 1,034 1,034 17 — 2015 May 1, 2015 34 Hot Springs, AR Acute care general hospital 4,300 66,922 — — 4,300 66,922 71,222 548 — 1985 August 31, 2015 40 Idaho Falls, ID Acute care general hospital 1,822 37,467 — 4,665 1,822 42,132 43,954 8,028 — 2002 April 1, 2008 40 Kansas City, MO Acute care general hospital 10,497 64,419 — — 10,497 64,419 74,916 1,505 — 1978 February 13, 2015 40 Lafayette, IN Rehabilitation hospital 800 14,968 (25 ) — 800 14,943 15,743 1,076 — 2013 February 1, 2013 40 Little Elm, TX Freestanding ER 1,241 3,491 — — 1,241 3,491 4,732 179 — 2013 December 1, 2013 40 Lubbock, TX Rehabilitation hospital — 21,241 — — — 21,241 21,241 260 — 2008 June 16, 2015 40 Lubbock, TX Long term acute care hospital — 10,725 — — — 10,725 10,725 134 — 2008 June 16, 2015 40 McKinney, TX Freestanding ER — 3,991 — — — 3,991 3,991 40 — 2015 July 31, 2015 30 Mesa, AZ Acute care general hospital 4,900 97,980 2,242 — 7,142 97,980 105,122 5,977 — 2007 September 26, 2013 40 Bloomington, IN Acute care general hospital 2,392 28,212 5,000 408 2,392 33,620 36,012 7,544 — 2006 August 8, 2006 40 Montclair, NJ Acute care general hospital 7,900 99,632 585 — 8,477 99,640 108,117 4,623 — 1920-2000 April 1, 2014 40 San Antonio, TX Freestanding ER 351 3,952 — — 351 3,952 4,303 172 — 2014 January 1, 2014 40 Houston, TX Acute care general hospital 4,757 56,238 (37 ) 1,259 5,427 56,790 62,217 12,848 — 2006 December 1, 2006 40 New Braunfels, TX Long term acute care hospital 1,100 7,883 — — 1,100 7,883 8,983 838 — 2007 September 30, 2011 40 Shenandoah, TX Rehabilitation hospital 2,033 21,943 — — 2,033 21,943 23,976 3,017 — 2008 June 17, 2010 40 Colorado Springs, CO Freestanding ER 600 4,231 — — 600 4,231 4,831 168 — 2014 June 5, 2014 40 Northland, MO Long term acute care hospital 834 17,182 — — 834 17,182 18,016 2,112 13,400 2007 February 14, 2011 40 Altoona, WI Acute care general hospital — 29,048 — — — 29,048 29,048 945 — 2014 August 31, 2014 40 Ogden, UT Rehabilitation hospital 1,759 16,414 — — 1,759 16,414 18,173 739 — 2014 March 1, 2014 40 Overlook, TX Acute care general hospital 2,452 9,666 7 — 2,452 9,673 12,125 683 — 2012 February 1, 2013 40 San Diego, CA Acute care general hospital 6,550 15,653 — 77 6,550 15,730 22,280 3,406 — 1964 May 9, 2007 40 Parker, CO Freestanding ER 1,301 4,024 — — 1,301 4,024 5,325 17 — 2015 November 6, 2015 40 Pearland, TX Freestanding ER 1,075 3,577 — — 1,075 3,577 4,652 119 — 2014 September 8, 2014 40 Petersburg, VA Rehabilitation hospital 1,302 9,121 — — 1,302 9,121 10,423 1,710 — 2006 July 1, 2008 40 Poplar Bluff, MO Acute care general hospital 2,659 38,694 — 1 2,660 38,694 41,354 7,431 — 1980 April 22, 2008 40 Port Arthur, TX Acute care general hospital 3,000 72,341 1,062 — 4,062 72,341 76,403 4,246 — 2005 September 26, 2013 40 Port Huron, MI Acute care general hospital 2,000 18,000 — — 2,000 18,000 20,000 — — 1953, 1973-1983 December 31, 2015 40 Portland, OR Long term acute care hospital 3,085 17,859 — 2,559 3,071 20,432 23,503 4,383 — 1964 April 18, 2007 40 Post Falls, ID Rehabilitation hospital 417 12,175 1,905 — 767 13,730 14,497 696 — 2013 December 31, 2013 40 Redding, CA Acute care general hospital 1,555 53,863 — 13 1,555 53,876 55,431 11,346 — 1974 August 10, 2007 40 Redding, CA Long term acute care hospital — 19,952 — 4,360 1,629 22,683 24,312 5,757 — 1991 June 30, 2005 40 Richardson, TX Rehabilitation hospital 2,219 17,419 — — 2,219 17,419 19,638 2,395 — 2008 June 17, 2010 40 Addison, TX Rehabilitation hospital 2,013 22,531 — — 2,013 22,531 24,544 3,098 — 2008 June 17, 2010 40 San Dimas, CA Acute care general hospital 6,160 6,839 — 34 6,160 6,873 13,033 1,218 — 1972 November 25, 2008 40 San Dimas, CA Medical Office Building 1,915 5,085 — 18 1,915 5,103 7,018 905 — 1979 November 25, 2008 40 Sherman, TX Acute care general hospital 4,491 24,802 — — 4,491 24,802 29,293 775 — 1913, 1960-2010 October 31, 2014 40 Sienna, TX Freestanding ER 999 3,591 — — 999 3,591 4,590 120 — 2014 August 20, 2014 40 Spartanburg, SC Rehabilitation hospital 1,135 15,717 — — 1,135 15,717 16,852 931 — 2013 August 1, 2013 40 Houston, TX Freestanding ER 1,423 3,770 — — 1,423 3,770 5,193 79 — 2015 February 18, 2015 40 Thornton, CO Freestanding ER 1,350 4,227 — — 1,350 4,227 5,577 141 — 2014 August 29, 2014 40 Tomball, TX Long term acute care hospital 1,299 23,982 — — 1,299 23,982 25,281 2,998 — 2005 December 21, 2010 40 Victoria, TX Long term acute care hospital 625 7,197 — — 625 7,197 7,822 1,634 — 1998 December 1, 2006 40 Victoria, TX Rehabilitation hospital — 10,412 — — — 10,412 10,412 515 — 2013 December 31, 2013 40 League City, TX Freestanding ER — 3,645 — — — 3,645 3,645 46 — 2015 June 19, 2015 40 Anaheim, CA Acute care general hospital 1,875 21,814 — 10 1,875 21,824 23,699 5,001 — 1964 November 8, 2006 40 West Monroe, LA Acute care general hospital 12,000 69,433 552 — 12,552 69,433 81,985 4,048 — 1962 September 26, 2013 40 San Antonio, TX Acute care general hospital 2,248 5,880 — — 2,248 5,880 8,128 462 — 2012 October 14, 2011 40 West Valley City, UT Acute care general hospital 5,516 58,314 — — 5,516 58,314 63,830 11,198 — 1980 April 22, 2008 40 Wichita, KS Rehabilitation hospital 1,019 18,373 — 1 1,019 18,374 19,393 3,559 — 1992 April 4, 2008 40 $ 302,046 $ 2,632,473 $ 27,568 $ 29,503 $ 315,787 $ 2,675,803 $ 2,991,590 $ 232,675 $ 13,400 The changes in total real estate assets including real estate held for sale but excluding construction in progress, intangible lease asset, investment in direct financing leases, and mortgage loans for the years ended: December 31, 2015 December 31, 2014 December 31, 2013 COST Balance at beginning of period $ 2,040,727 $ 1,733,194 $ 1,189,552 Acquisitions 975,239 263,811 480,503 Transfers from construction in progress 23,163 41,772 81,347 Additions 7,376 84,831 7,749 Dispositions (24,701 ) (56,590 ) (28,616 ) Other (30,214 ) (26,291 ) 2,659 Balance at end of period $ 2,991,590 $ 2,040,727 $ 1,733,194 The changes in accumulated depreciation including real estate assets held for sale for the years ended: December 31, 2015 December 31, 2014 December 31, 2013 ACCUMULATED DEPRECIATION Balance at beginning of period $ 181,441 $ 144,235 $ 114,399 Depreciation 60,796 46,935 33,349 Depreciation on disposed property (8,887 ) (9,213 ) (3,513 ) Other (675 ) (516 ) — Balance at end of period $ 232,675 $ 181,441 $ 144,235 |