National Healthcare Properties (NHPBP) 10-K 11 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2015	Feb. 29, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Healthcare Trust, Inc.
Entity Central Index Key	1,561,032
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		86,681,390
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Real estate investments, at cost:
Land	$ 192,790	$ 113,461
Buildings, fixtures and improvements	1,885,713	1,362,387
Construction in progress	21,309	0
Acquired intangible assets	241,459	186,849
Total real estate investments, at cost	2,341,271	1,662,697
Less: accumulated depreciation and amortization	(146,669)	(30,947)
Total real estate investments, net	2,194,602	1,631,750
Cash and cash equivalents	24,474	182,617
Restricted cash	4,647	1,778
Investment securities, at fair value	1,078	20,286
Receivable for sale of common stock	0	6
Straight-line rent receivable, net	11,470	2,325
Prepaid expenses and other assets	21,707	14,711
Deferred costs, net	14,014	4,237
Total assets	2,271,992	1,857,710
LIABILITIES AND EQUITY
Mortgage notes payable	159,455	65,786
Mortgage premiums, net	2,403	2,844
Credit facility	430,000	0
Market lease intangible liabilities, net	22,994	19,535
Accounts payable and accrued expenses (including $536 and $970 due to related parties as of December 31, 2015 and 2014, respectively)	38,449	22,248
Deferred rent	4,356	3,023
Distributions payable	12,518	12,097
Total liabilities	670,175	125,533
Preferred stock, $0.01 par value, 50,000,000 authorized, none issued and outstanding as of December 31, 2015 and 2014	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 86,135,411 and 83,718,853 shares of common stock issued and outstanding as of December 31, 2015 and 2014, respectively	861	837
Additional paid-in capital	1,907,549	1,850,169
Accumulated other comprehensive income (loss)	(6)	463
Accumulated deficit	(316,284)	(129,406)
Total stockholders' equity	1,592,120	1,722,063
Non-controlling interest	9,697	10,114
Total equity	1,601,817	1,732,177
Total liabilities and equity	$ 2,271,992	$ 1,857,710

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value, in dollars per share	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	86,135,411	83,718,853
Common stock, shares outstanding	86,135,411	83,718,853
Due to affiliates	$ 536	$ 970

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Rental income	$ 93,218	$ 23,005	$ 1,551
Operating expense reimbursements	12,759	3,585	266
Resident services and fee income	140,901	31,849	0
Contingent purchase price consideration	612	0	0
Total revenues	247,490	58,439	1,817
Expenses:
Property operating and maintenance	125,573	26,717	122
Operating fees to related parties	12,191	0	0
Acquisition and transaction related	14,679	33,623	730
General and administrative	9,733	3,541	104
Depreciation and amortization	120,924	28,889	1,077
Total expenses	283,100	92,770	2,033
Operating loss	(35,610)	(34,331)	(216)
Other income (expense):
Interest expense	(10,356)	(3,559)	0
Interest and other income	582	735	0
Gain on sale of investment securities	446	8	0
Total other expense	(9,328)	(2,816)	0
Loss before income tax and non-controlling interests	(44,938)	(37,147)	(216)
Income tax benefit (expense)	2,978	(565)	(5)
Net loss	(41,960)	(37,712)	(221)
Net loss attributable to non-controlling interests	219	34	0
Net loss attributable to stockholders	(41,741)	(37,678)	(221)
Other comprehensive loss:
Unrealized loss on investment securities, net	(469)	463	0
Comprehensive loss attributable to stockholders	$ (42,210)	$ (37,215)	$ (221)
Basic and diluted weighted average shares outstanding (in shares)	85,331,966	51,234,729	2,148,297
Basic and diluted net loss per share (in usd per share)	$ (0.49)	$ (0.74)	$ (0.10)
Dividends declared (in usd per share)	$ 1.70	$ 1.70	$ 1.03

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Total Stockholders' Equity	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income	Accumulated Deficit	Non-controlling Interest
Beginning Balance (in shares) at Dec. 31, 2012			8,888
Beginning Balance at Dec. 31, 2012	$ 185	$ 185	$ 0	$ 200	$ 0	$ (15)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)			7,461,884
Issuance of common stock	185,292	185,292	$ 74	185,218
Common stock offering costs, commissions and dealer manager fees	(24,786)	(24,786)		(24,786)
Common stock issued through distribution reinvestment plan (in shares)			56,618
Common stock issued through distribution reinvestment plan	$ 1,345	1,345	$ 1	1,344
Common stock repurchases (in shares)	(1,600)
Common stock repurchases	$ (40)	(40)		(40)
Share-based compensation (in shares)			3,999
Equity-based compensation	16	16		16
Distributions declared	(3,642)	(3,642)				(3,642)
Net loss	(221)	(221)				(221)
Ending Balance (in shares) at Dec. 31, 2013			7,529,789
Ending Balance at Dec. 31, 2013	158,149	158,149	$ 75	161,952	0	(3,878)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)			74,504,754
Issuance of common stock	1,851,951	1,851,951	$ 745	1,851,206
Common stock offering costs, commissions and dealer manager fees	$ (202,857)	(202,857)		(202,857)
Common stock issued through distribution reinvestment plan (in shares)	1,800,000		1,750,705
Common stock issued through distribution reinvestment plan	$ 41,580	41,580	$ 18	41,562
Common stock repurchases (in shares)			(72,431)
Common stock repurchases	(1,768)	(1,768)	$ (1)	(1,767)
Share-based compensation (in shares)			6,036
Equity-based compensation	73	73		73
Distributions declared	(87,850)	(87,850)				(87,850)
Contributions from non-controlling interest holders	10,148						10,148
Unrealized gain on investments	463	463			463
Net loss	(37,712)	(37,678)				(37,678)	(34)
Ending Balance (in shares) at Dec. 31, 2014			83,718,853
Ending Balance at Dec. 31, 2014	1,732,177	1,722,063	$ 837	1,850,169	463	(129,406)	10,114
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock offering costs, commissions and dealer manager fees	$ 2	2		2
Common stock issued through distribution reinvestment plan (in shares)	3,300,000		3,305,297
Common stock issued through distribution reinvestment plan	$ 78,502	78,502	$ 33	78,469
Common stock repurchases (in shares)			(894,338)
Common stock repurchases	(21,160)	(21,160)	$ (9)	(21,151)
Share-based compensation (in shares)			5,599
Equity-based compensation	60	60		60
Distributions declared	(145,137)	(145,137)				(145,137)
Unrealized gain on investments	(469)	(469)			(469)
Contributions from non-controlling interest holders	500						500
Distributions to non-controlling interest holders	(698)						(698)
Net loss	(41,960)	(41,741)				(41,741)	(219)
Ending Balance (in shares) at Dec. 31, 2015			86,135,411
Ending Balance at Dec. 31, 2015	$ 1,601,817	$ 1,592,120	$ 861	$ 1,907,549	$ (6)	$ (316,284)	$ 9,697

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Cash Flows [Abstract]
Net loss	$ (41,960,000)	$ (37,712,000)	$ (221,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	120,924,000	28,889,000	1,077,000
Amortization of deferred financing costs	3,737,000	1,313,000	0
Amortization of mortgage premiums	(1,933,000)	(689,000)	0
Amortization of market lease and other intangibles, net	(101,000)	638,000	13,000
Bad debt expense	7,291,000	0	0
Equity-based compensation	60,000	73,000	16,000
Gain on sale of investment securities	(446,000)	(8,000)	0
Changes in assets and liabilities:
Straight-line rent receivable	(12,535,000)	(2,208,000)	(117,000)
Prepaid expenses and other assets	(12,893,000)	(8,837,000)	(1,905,000)
Accounts payable, accrued expenses and other liabilities	5,203,000	10,877,000	327,000
Deferred rent	1,333,000	2,977,000	46,000
Restricted cash	(2,869,000)	(1,778,000)	0
Net cash provided by (used in) operating activities	65,811,000	(6,465,000)	(764,000)
Cash flows from investing activities:
Investment in real estate and other assets	(570,134,000)	(1,506,862,000)	(46,134,000)
Deposits for real estate acquisitions	1,000,000	(3,650,000)	(350,000)
Capital expenditures	(6,885,000)	(807,000)	0
Purchase of investment securities	(93,000)	(20,328,000)	0
Proceeds from sale of investment securities	19,278,000	513,000	0
Net cash used in investing activities	(556,834,000)	(1,531,134,000)	(46,484,000)
Cash flows from financing activities:
Proceeds from credit facility	440,000,000	0	0
Payments of credit facility	(10,000,000)	0	0
Payments of mortgage notes payable	(6,389,000)	(535,000)	0
Payments of deferred financing costs	(13,283,000)	(5,408,000)	(7,000)
Proceeds from issuance of common stock	6,000	1,853,231,000	184,006,000
Common stock repurchases	(10,413,000)	(541,000)	0
Payments of offering costs and fees related to common stock issuances	(629,000)	(202,715,000)	(23,696,000)
Distributions paid	(66,214,000)	(35,165,000)	(1,305,000)
Contributions from non-controlling interest holders	500,000	0	0
Distributions to non-controlling interest holders	(698,000)	0	0
Payments to related parties	0	(484,000)	80,000
Net cash provided by financing activities	332,880,000	1,608,383,000	159,078,000
Net change in cash and cash equivalents	(158,143,000)	70,784,000	111,830,000
Cash and cash equivalents, beginning of period	182,617,000	111,833,000	3,000
Cash and cash equivalents, end of period	24,474,000	182,617,000	111,833,000
Supplemental disclosures of cash flow information:
Cash paid for interest	7,867,000	2,313,000	0
Cash paid for taxes	374,000	601,000	0
Non-cash investing and financing activities:
Payable and accrued offering costs	0	631,000	489,000
Accrued repurchases included in accounts payable and accrued expenses	12,014,000	1,267,000	40,000
Assumption of mortgage notes payable used to acquire investments in real estate	100,058,000	66,321,000	0
Premiums on assumed mortgage notes payable	1,492,000	3,533,000	1,345,000
Liabilities assumed in real estate acquisitions	882,000	9,040,000	91,000
Common stock issued through distribution reinvestment plan	78,502,000	41,580,000	1,345,000
Reclassification of deferred offering costs to equity	$ 0	$ 0	$ 807,000

Organization

Organization	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Note 1 — Organization Healthcare Trust, Inc. (including, as required by context, Healthcare Trust Operating Partnership, LP (the "OP"), formerly known as American Realty Capital Healthcare Trust II Operating Partnership, LP, and its subsidiaries, the "Company"), formerly known as American Realty Capital Healthcare Trust II, Inc., invests in healthcare real estate, such as seniors housing and medical office buildings ("MOB"), located in the United States for investment purposes. As of December 31, 2015 , the Company owned 166 properties located in 29 states and comprised of 8.5 million rentable square feet. The Company, which was incorporated on October 15, 2012, is a Maryland corporation that elected and qualified to be taxed as a real estate investment trust for U.S. federal income tax purposes ("REIT") beginning with its taxable year ended December 31, 2013. Substantially all of the Company's business is conducted through the OP. In February 2013, the Company commenced its initial public offering (the "IPO") on a "reasonable best efforts" basis of up to $1.7 billion of common stock, $0.01 par value per share, at a price of $25.00 per share, subject to certain volume and other discounts. The Company closed its IPO in November 2014, which resulted in net proceeds of $2.1 billion . On March 18, 2015, the Company announced its intention to list its common stock on a national stock exchange under the symbol “HTI” (the "Listing") during the third quarter of 2015. On September 24, 2015, the Company announced that its board of directors had determined that it was in the best interest of the Company to not pursue the Listing during the third quarter of 2015. The Company's board of directors continues to monitor market conditions and other factors with a view toward reevaluating the Listing decision when market conditions are more favorable. There can be no assurance that the Company's shares of common stock will be listed. The Company anticipates publishing an estimate of per share net asset value ("NAV") on or prior to April 11, 2016 (the "NAV Pricing Date"), and subsequent valuations will occur periodically, at the discretion of the Company's board of directors, provided that such calculations will be made at least annually. In the interim, the Company will continue to offer shares pursuant to a distribution reinvestment plan ("DRIP") at $23.75 per share, and to repurchase shares pursuant to a share repurchase program (as amended, the "SRP"). Beginning with the NAV Pricing Date, the per share price for shares under the DRIP and SRP will vary periodically and will be based upon the NAV. The Company has no direct employees. Healthcare Trust Advisors, LLC (the "Advisor"), formerly known as American Realty Capital Healthcare II Advisors, LLC, has been retained by the Company to manage the Company's affairs on a day-to-day basis. The Company has retained Healthcare Trust Properties, LLC (the "Property Manager"), formerly known as American Realty Capital Healthcare II Properties, LLC, to serve as the Company's property manager. The Advisor and Property Manager are under common control with AR Global Investments, LLC (the successor business to AR Capital, LLC, "AR Global"), the parent of the Company's sponsor, American Realty Capital VII, LLC (the "Sponsor"), as a result of which they are related parties, and each have received or will receive compensation, fees and expense reimbursements from the Company for services related to managing its business. The Advisor, Property Manager and our former dealer manager, Realty Capital Securities, LLC (the "Former Dealer Manager"), also have received or will receive compensation, fees and expense reimbursements related to the investment and management of the Company's assets. The Former Dealer Manager served as the dealer manager of the IPO and, together with certain of its affiliates, continued to provide the Company with various services through December 31, 2015. RCS Capital Corporation, the parent company of the Former Dealer Manager and certain of its affiliates that provided the Company with services, filed for Chapter 11 bankruptcy protection in January 2016, prior to which it was also under common control with AR Global, the parent of the Company's Sponsor.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Basis of Accounting The accompanying consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States ("GAAP"). Reclassifications Certain prior year amounts within straight-line rent receivable, net, prepaid expenses and other assets, rental income, resident services and fee income, cash flows from operating activities and cash flows from financing activities have been reclassified to conform with the current year presentation. Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and consolidated joint venture arrangements in which the Company has controlling financial interests. The portions of the consolidated joint venture arrangements not owned by the Company were presented as non-controlling interests as of and during the period consolidated. All inter-company accounts and transactions have been eliminated in consolidation. The Company evaluates its relationships and investments to determine if it has variable interests. A variable interest is an investment or other interest that will absorb portions of an entity's expected losses or receive portions of the entity's expected residual returns. If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a variable interest entity ("VIE"). A VIE is broadly defined as an entity where either (1) the equity investors as a group, if any, lack the power through voting or similar rights to direct the activities of an entity that most significantly impact the entity's economic performance or (2) the equity investment at risk is insufficient to finance that entity's activities without additional subordinated financial support. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE's operations. A variable interest holder is considered to be the primary beneficiary of a VIE if it has the power to direct the activities of a VIE that most significantly impact the entity's economic performance and has the obligation to absorb losses of, or the right to receive benefits from, the entity that could potentially be significant to the VIE. The Company qualitatively assesses whether it is (or is not) the primary beneficiary of a VIE. Consideration of various factors include, but are not limited to, the Company's ability to direct the activities that most significantly impact the entity's economic performance, its form of ownership interest, its representation on the entity's governing body, the size and seniority of its investment, its ability and the rights of other investors to participate in policy making decisions and to replace the manager of and/or liquidate the entity. The Company continually evaluates the need to consolidate joint ventures based on standards set forth in GAAP. In determining whether the Company has a controlling interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, power to make decisions and contractual and substantive participating rights of the partners/members as well as whether the entity is a VIE for which the Company is the primary beneficiary. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, real estate taxes, fair value measurements and income taxes, as applicable. Real Estate Investments Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are recorded as an expense in the consolidated statement of operations. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and subsequently amortized over the useful life of the acquired assets. In business combinations, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities based on their respective fair values. Tangible assets may include land, land improvements, buildings and fixtures. Intangible assets may include the value of in-place leases and above- and below-market leases and other identifiable intangible assets or liabilities based on lease or property specific characteristics. In addition, any assumed mortgages receivable or payable and any assumed or issued non-controlling interests are recorded at their estimated fair values. The Company generally determines the value of construction in progress based upon the replacement cost. During the construction period, we capitalize interest, insurance and real estate taxes until the development has reached substantial completion. The fair value of the tangible assets of an acquired property with an in-place operating lease is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to the tangible assets based on the fair value of the tangible assets. The fair value of in-place leases is determined by considering estimates of carrying costs during the expected lease-up periods, current market conditions, as well as costs to execute similar leases. The fair value of above- or below-market leases is recorded based on the present value of the difference between the contractual amount to be paid pursuant to the in-place lease and the Company’s estimate of the fair market lease rate for the corresponding in-place lease, measured over the remaining term of the lease including any below-market fixed rate renewal options for below-market leases. In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including real estate valuations prepared by independent valuation firms. The Company also considers information and other factors including market conditions, the industry that the tenant operates in, characteristics of the real estate, i.e. location, size, demographics, value and comparative rental rates, tenant credit profile and the importance of the location of the real estate to the operations of the tenant’s business. In allocating the fair value to assumed mortgages, amounts are recorded to debt premiums or discounts based on the present value of the estimated cash flows, which is calculated to account for either above- or below-market interest rates. In allocating non-controlling interests, amounts are recorded based on the fair value of units issued or percentage of investment contributed at the date of acquisition, as determined by the terms of the applicable agreement. Acquired intangible assets and liabilities consisted of the following as of the periods presented: December 31, 2015 December 31, 2014 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets: In-place leases $ 202,608 $ 82,390 $ 120,218 $ 150,953 $ 18,104 $ 132,849 Intangible market lease assets 28,262 3,393 24,869 25,307 1,008 24,299 Other intangible assets 10,589 309 10,280 10,589 44 10,545 Total acquired intangible assets $ 241,459 $ 86,092 $ 155,367 $ 186,849 $ 19,156 $ 167,693 Intangible market lease liabilities $ 25,613 $ 2,619 $ 22,994 $ 19,897 $ 362 $ 19,535 Real estate investments that are intended to be sold are designated as "held for sale" on the consolidated balance sheets at the lesser of carrying amount or fair value less estimated selling costs when they meet specific criteria to be presented as held for sale. Real estate investments are no longer depreciated when they are classified as held for sale. If the disposal, or intended disposal, of certain real estate investments represents a strategic shift that has had or will have a major effect on the Company's operations and financial results, the operations of such real estate investments would be presented as discontinued operations in the consolidated statements of operations and comprehensive loss for all applicable periods. The Company had not sold and did not intend to sell any properties as of December 31, 2015 and 2014 . Depreciation and Amortization Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and improvements, and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests. Construction in progress, including capitalized interest, insurance and real estate taxes, is not depreciated until the development has reached substantial completion. The assumed mortgage premiums or discounts are amortized as an increase or reduction to interest expense over the remaining term of the respective mortgages. Capitalized above-market lease values are amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values are accreted as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods. Capitalized above-market ground lease values are accreted as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values are amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option periods. The value of in-place leases, exclusive of the value of above-market and below-market in-place leases, is amortized to expense over the remaining periods of the respective leases. For the years ended December 31, 2015 , 2014 and 2013 , amortization of in-place leases and other intangible assets of $75.2 million , $17.9 million and $0.3 million , respectively, is included in depreciation and amortization expense on the consolidated statements of operations and comprehensive loss. For the years ended December 31, 2015 2014 and 2013 , net amortization of intangible market lease assets and liabilities relating to assumed tenant leases of $0.4 million , $0.6 million and approximately $13,000 respectively, is deducted from rental income on the consolidated statements of operations and comprehensive loss. For the year ended December 31, 2015 and 2014 , net amortization of intangible market lease assets and liabilities related to assumed leasehold interests of $0.2 million and approximately $29,000 , respectively, is included in property operating and maintenance expense on the consolidated statements of operations and comprehensive loss. The Company did not have any intangible market lease assets or liabilities related to assumed leasehold interest and therefore did not have amortization of intangible market lease assets and liabilities related to assumed leasehold interests included in property operating and maintenance expense on the consolidated statements of operations and comprehensive loss during the year ended December 31, 2013 . The following table provides the projected amortization expense and adjustments to revenues for the next five years: (In thousands) 2016 2017 2018 2019 2020 In-place lease assets $ 34,526 $ 16,322 $ 14,031 $ 11,465 $ 9,106 Other intangible assets 265 265 265 265 265 Total to be added to amortization expense $ 34,791 $ 16,587 $ 14,296 $ 11,730 $ 9,371 Above-market lease assets $ (2,210 ) $ (1,888 ) $ (1,367 ) $ (1,079 ) $ (737 ) Below-market lease liabilities 2,430 2,115 1,886 1,605 1,450 Total to be added to rental income $ 220 $ 227 $ 519 $ 526 $ 713 Below-market ground lease assets $ 212 $ 212 $ 212 $ 212 $ 212 Above-market ground lease liabilities (39 ) (39 ) (39 ) (39 ) (39 ) Total to be added to property operating and maintenance expense $ 173 $ 173 $ 173 $ 173 $ 173 Impairment of Long Lived Assets If circumstances indicate that the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. Impairment assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income. Cash and Cash Equivalents Cash and cash equivalents includes cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less. As of December 31, 2015 and 2014 , approximately $22,000 and $134.2 million was held in money market funds with the Company's financial institutions. The Company deposits cash with high quality financial institutions. These deposits are guaranteed by the Federal Deposit Insurance Company ("FDIC") up to an insurance limit. At December 31, 2015 and 2014 , the Company had deposits of $24.5 million and $182.6 million , of which $12.2 million and $173.1 million , respectively, were in excess of the amount insured by the FDIC. Although the Company bears risk to amounts in excess of those insured by the FDIC, it does not anticipate any losses as a result. Restricted Cash Restricted cash generally consists of resident security deposits and reserves related to real estate taxes, maintenance, structural improvements, and debt service. Investments in Securities The Company classifies its investments in debt or equity securities into one of three classes: held-to-maturity, available-for-sale or trading, as applicable. Investments in debt securities that the Company has the positive intent and ability to hold until maturity are classified as held-to-maturity and are reported at amortized cost. Debt and equity securities that are bought and held principally for the purposes of selling them in the near future are classified as trading securities. Debt and equity securities not classified as trading securities or as held-to-maturity securities are classified as available-for-sale securities and are reported at fair value, with unrealized holding gains and losses reported as a component of equity within accumulated other comprehensive income or loss. Gains or losses on securities sold are based on the specific identification method. The Company evaluates its investments in securities for impairment or other-than-temporary impairment on a quarterly basis. The Company reviews each investment individually and assesses factors that may include (i) if the carrying amount of an investment exceeds its fair value, (ii) if there has been any change in the market as a whole or in the investee’s market, (iii) if there are any plans to sell the investment in question or if the Company believes it may be forced to sell its investment, and (iv) if there have been any other factors that would indicate the possibility of the existence of an other-than-temporary impairment. The fair value of the Company’s investments in available-for-sale securities generally rise and fall based on current market conditions. If, after reviewing relevant factors surrounding an impaired security, the Company determines that it will not recover its full investment in an impaired security, the Company recognizes an other-than-temporary impairment charge in the consolidated statements of operations and comprehensive loss in the period in which the other-than-temporary impairment is determined, regardless of whether or not the Company plans to sell or believes it will be forced to sell the security in question. Deferred Costs, Net Deferred costs, net, consists of deferred financing costs and deferred leasing costs. Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining commitments for financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method and included in interest expense on the accompanying consolidated statements of operations and comprehensive loss. Unamortized deferred financing costs are expensed if the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close. As of December 31, 2015 and 2014 , the Company had $13.6 million and $4.1 million of deferred financing costs, net of accumulated amortization of $4.0 million and $1.3 million , respectively. Deferred leasing costs, consisting primarily of lease commissions and professional fees incurred in connection with new leases, are deferred and amortized over the term of the lease. As of December 31, 2015 and 2014 , the Company had $0.4 million and $0.1 million in deferred leasing costs, net of accumulated amortization of $0.1 million and approximately $24,000 . Revenue Recognition The Company's rental income is primarily related to rent received from tenants in MOBs and triple-net leased healthcare facilities. Rent from tenants in the Company's MOB and triple-net leased healthcare facilities operating segments (as discussed below) is recorded in accordance with the terms of each lease on a straight-line basis over the initial term of the lease. Because many of the leases provide for rental increases at specified intervals, GAAP requires the Company to record a receivable, and include in revenues on a straight-line basis, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation. Cost recoveries from tenants are included in operating expense reimbursement in the period the related costs are incurred, as applicable. Resident services and fee income primarily relates to rent from residents in the Company's seniors housing — operating properties ("SHOP") held using a structure permitted by the REIT Investment Diversification and Empowerment Act of 2007 and to fees for ancillary services performed for SHOP residents. Rental income from residents in the Company's SHOP operating segment is recognized as earned. Residents pay monthly rent that covers occupancy of their unit and basic services, including utilities, meals and some housekeeping services. The terms of the rent are short term in nature, primarily month-to-month. Fees for ancillary services are recorded in the period in which the services are performed. The Company defers the revenue related to lease payments received from tenants and residents in advance of their due dates. The Company continually reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company records an increase in the allowance for uncollectible accounts on the consolidated balance sheets or records a direct write-off of the receivable in the consolidated statements of operations. Offering and Related Costs Offering and related costs include all expenses incurred in connection with the IPO. Offering costs of the Company (other than selling commissions and the dealer manager fee, as discussed in Note 9 — Related Party Transactions and Arrangements ) may be paid by the Advisor, the Former Dealer Manager or their affiliates on behalf of the Company. Offering and related costs included (i) legal, accounting, printing, mailing, and filing fees; (ii) escrow service related fees; (iii) reimbursement of the Former Dealer Manager for amounts it paid to reimburse the itemized and detailed due diligence expenses of broker-dealers; and (iv) reimbursement to the Advisor for a portion of the costs of its employees and other costs in connection with preparing supplemental sales materials and related offering activities. The Company was obligated to reimburse the Advisor or its affiliates, as applicable, for offering costs paid by them on behalf of the Company, provided that the Advisor was obligated to reimburse the Company to the extent offering costs (excluding selling commissions and the dealer manager fee) incurred by the Company in its offering exceed 2.0% of offering proceeds, net of repurchases and DRIP. As a result, these costs were only a liability of the Company to the extent aggregate selling commissions, the dealer manager fees and other organization and offering costs did not exceed 12.0% of the gross proceeds determined at the end of the IPO. As of the end of the IPO in November 2014, cumulative offering costs did not exceed 12.0% of the gross proceeds received in the IPO (See Note 9 — Related Party Transactions and Arrangements ). Equity-Based Compensation The Company has a stock-based incentive award plan for its directors, which is accounted for under the guidance of share based payments. The expense for such awards is included in general and administrative expenses and is recognized over the vesting period or when the requirements for exercise of the award have been met (See Note 11 — Equity-Based Compensation ). Income Taxes The Company elected and qualified to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986 (the "Code"), as amended, commencing with the taxable year ended December 31, 2013. If the Company continues to qualify for taxation as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes all of its REIT taxable income to its stockholders. REITs are subject to a number of organizational and operational requirements, including a requirement that the Company distribute annually at least 90% of the Company’s REIT taxable income to the Company’s stockholders. If the Company fails to continue to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal and state income taxes at regular corporate rates (including any applicable alternative minimum tax) beginning with the year in which it fails to qualify and may be precluded from being able to elect to be treated as a REIT for the Company’s four subsequent taxable years. The Company distributed to its stockholders 100% of its REIT taxable income for each of the years ended December 31, 2015 , 2014 and 2013 . Accordingly, no provision for federal or state income taxes related to such REIT taxable income was recorded in the Company's financial statements. Even if the Company continues to qualify for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income. Certain limitations are imposed on REITs with respect to the ownership and operation of seniors housing communities. Generally, to qualify as a REIT, the Company cannot directly or indirectly operate seniors housing communities. Instead, such facilities may be either leased to a third party operator or leased to a taxable REIT subsidiary (“TRS”) and operated by a third party on behalf of the TRS. Accordingly, the Company has formed a TRS entity under the OP to lease its SHOPs and the TRS has entered into management contracts with unaffiliated third party managers to operate the facilities on its behalf. As of December 31, 2015 , the Company, through its TRS entity, owned 38 seniors housing communities. The TRS entity is a wholly-owned subsidiary of the OP. A TRS is subject to federal, state and local income taxes. The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. In the event the Company determines that it would not be able to realize the deferred income tax assets in the future in excess of the net recorded amount, the Company establishes a valuation allowance which offsets the previously recognized income tax benefit. Deferred income taxes result from temporary differences between the carrying amounts of the TRS's assets and liabilities used for financial reporting purposes and the amounts used for income tax purposes. Significant components of the deferred tax assets and liabilities as of December 31, 2015 consisted of deferred rent and depreciation. As of December 31, 2015 , the Company had a deferred tax asset of $2.9 million with no valuation allowance. As of December 31, 2014 , the Company had a deferred tax asset of $0.7 million and a valuation allowance of $0.7 million . The following table details the composition of the Company's tax benefit (expense) for the years ended December 31, 2015 , 2014 and 2013 , which includes federal and state income taxes incurred by the Company's TRS entity. The Company estimated its income tax benefit (expense) relating to its TRS entity using a combined federal and state rate of approximately 40.2% and 39.6% for the years ended December 31, 2015 and 2014 , respectively. These income taxes are reflected in income tax benefit (expense) on the accompanying consolidated statements of operations and comprehensive loss. Years Ended December 31, 2015 2014 2013 (In thousands) Current Deferred Current Deferred Current Deferred Federal benefit (expense) $ 1,667 $ 762 $ (450 ) $ — $ — $ — State benefit (expense) 358 191 (115 ) — 5 — Total $ 2,025 $ 953 $ (565 ) $ — $ 5 $ — As of December 31, 2015 and 2014 , the Company had no material uncertain income tax positions. The tax years subsequent to and including the fiscal year ended December 31, 2012 remain open to examination by the major taxing jurisdictions to which the Company is subject. The amount of distributions payable to the Company's stockholders is determined by the board of directors and is dependent on a number of factors, including funds available for distribution, financial condition, capital expenditure requirements, as applicable, and annual distribution requirements needed to qualify and maintain the Company's status as a REIT under the Code. The following table details from a tax perspective the portion of distributions classified as a return of capital, capital gain dividend income and ordinary dividend income, per share per annum, for the years ended December 31, 2015 , 2014 and 2013 : Years Ended December 31, 2015 2014 2013 Return of capital 97.9 % $ 1.66 93.7 % $ 1.59 97.7 % $ 1.01 Capital gain dividend income 0.3 % 0.01 — % — — % — Ordinary dividend income 1.8 % 0.03 6.3 % 0.11 2.3 % 0.02 Total 100.0 % $ 1.70 100.0 % $ 1.70 100.0 % $ 1.03 Per Share Data Net income (loss) per basic share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock considers the effect of potentially dilutive shares of common stock outstanding during the period. Reportable Segments The Company has determined that it has three reportable segments, with activities related to investing in MOBs, triple-net leased healthcare facilities, and seniors housing communities. Management evaluates the operating performance of the Company's investments in real estate and seniors housing communities on an individual property level. Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance was to become effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption was not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. In July 2015, the FASB deferred the effective date of the revised guidance by one year to annual reporting periods beginning after December 15, 2017, although entities will be allowed to early adopt the guidance as of the original effective date. The Company has not yet selected a transition method and is currently evaluating the impact of this new guidance. In January 2015, the FASB issued updated guidance that eliminates from GAAP the concept of an event or transaction that is unusual in nature and occurs infrequently being treated as an extraordinary item. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Any amendments may be applied either prospectively or retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company elected to adopt this new guidance as of September 30, 2015. The adoption of this guidance did not have a material impact to the Company's consolidated financial position, results of operations and cash flows. In February 2015, the FASB amended the accounting for consolidation of certain legal entities. The amendments modify the evaluation of whether certain legal entities are variable interest entities ("VIEs") or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership and affect the consolidation analysis of reporting entities that are involved with VIEs (particularly those that have fee arrangements and related party relationships). The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption was permitted, including adoption in an interim period. The Company has elected to adopt this guidance effective January 1, 2016. The Company has assessed the impact from the adoption of this revised guidance and has determined that there will be no material impact to its financial position, results of operations and cash flows. In April 2015, the FASB amended the presentation of debt issuance costs on the balance sheet. The amendment requires that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability. In August 2015, the FASB added that, for line of credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line, regardless of whether or not there are any outstanding borrowings. The revised

Real Estate Investments

Real Estate Investments	12 Months Ended
	Dec. 31, 2015
Real Estate Investments, Net [Abstract]
Real Estate Investments	Note 3 — Real Estate Investments The Company owned 166 properties as of December 31, 2015 . The Company invests in MOBs, seniors housing communities and other healthcare-related facilities primarily to expand and diversify its portfolio and revenue base. The rentable square feet or annualized straight-line rental income of Wellington at Hershey's Mill ("Wellington") represented 5% or more of the Company's total portfolio's rentable square feet or annualized straight-line rental income as of December 31, 2015 . On December 3, 2014, the Company, through a wholly owned subsidiary of the OP, completed the acquisition of the fee simple interest in Wellington, a seniors housing community located in West Chester, Pennsylvania. The seller of Wellington was First Somerset, LLC, which had no preexisting relationship with the Company. The contract purchase price of Wellington was $95.0 million and was funded with proceeds from the Company's ongoing IPO. The Company accounted for the purchase of Wellington as a business combination and incurred acquisition related costs of $2.7 million , which are reflected in the acquisition and transaction related line item of the consolidated statements of operations and comprehensive loss. The following table presents the allocation of the assets acquired during the years ended December 31, 2015 , 2014 and 2013 : Years Ended December 31, (Dollar amounts in thousands) 2015 2014 2013 Real estate investments, at cost: Land $ 79,329 $ 109,679 $ 3,782 Buildings, fixtures and improvements 519,185 1,325,721 35,996 Construction in progress 21,309 — — Total tangible assets 619,823 1,435,400 39,778 Acquired intangibles: In-place leases (1) 62,584 145,464 5,489 Market lease and other intangible assets (1) 3,223 34,877 1,019 Market lease liabilities (1) (10,064 ) (19,837 ) (61 ) Total assets and liabilities acquired, net 675,566 1,595,904 46,225 Mortgage notes payable assumed to acquire real estate investments (100,058 ) (66,321 ) — Premiums on mortgages assumed (1,492 ) (3,533 ) — Other assets and liabilities, net (2) (882 ) (9,040 ) (91 ) Deposits for real estate acquisitions (3,000 ) — — OP units issued to acquire real estate — (10,148 ) — Cash paid for acquired real estate investments $ 570,134 $ 1,506,862 $ 46,134 Number of properties purchased 48 111 7 _______________ (1) Weighted-average remaining amortization periods for in-place leases, market lease and other intangible assets and market lease liabilities acquired during the years ended December 31, 2015 were 4.9 , 6.1 and 14.1 years , respectively, as of each property's respective acquisition date. (2) Other assets and liabilities, net includes $0.9 million in tenant security deposits assumed at acquisition for properties acquired during the year ended December 31, 2015 . Other assets and liabilities, net includes $4.2 million in tenant security deposits assumed at acquisition for properties acquired and a $4.8 million capital lease obligation incurred in conjunction with the transaction described below for the year ended December 31, 2014 . Other assets and liabilities, net includes $0.1 million in tenant security deposits assumed at acquisition for properties acquired during the year ended December 31, 2013 . During the year ended December 31, 2014, the Company acquired leasehold interests in eight properties and has accounted for such interests as capital leases. The Company allocated $144.4 million and $34.1 million of assets at cost associated with the building leasehold interests to buildings, fixtures and improvements and in-place leases, respectively, in the table above. Additionally, the Company entered into arrangements to sublease all or a portion of the eight properties back to the seller, and assumed in-place subleases with other third-party tenants. Future minimum base rental payments due to the Company under subleases to the seller and other third-party tenants as of December 31, 2015 totaled $128.6 million . See Note 16 — Commitments and Contingencies for minimum base cash rental payments due from the Company to the seller under these leasehold interests. The following table presents unaudited pro forma information as if the acquisitions that were completed during the years ended December 31, 2015 had been consummated on January 1, 2013. Additionally, the unaudited pro forma net loss was adjusted to reclassify acquisition and transaction related expense of $14.6 million from the years ended December 31, 2015 to the years ended December 31, 2014 . Years Ended December 31, (In thousands) 2015 2014 2013 Pro forma revenues (1) $ 302,539 $ 138,872 $ 82,250 Pro forma net loss (1) $ (38,284 ) $ (53,157 ) $ (30,293 ) Basic and diluted pro forma net loss per share $ (0.45 ) $ (1.04 ) $ (14.10 ) ___________________ (1) For the years ended December 31, 2015 , aggregate revenues and net loss derived from the Company's 2015 acquisitions (for the Company's period of ownership) were $25.4 million and $(4.2) million , respectively. The following table presents future minimum base rental cash payments due to the Company over the next five years and thereafter as of December 31, 2015 . These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes, among other items. (In thousands) Future Minimum 2016 $ 94,110 2017 94,232 2018 89,568 2019 83,333 2020 77,006 Thereafter 510,096 Total $ 948,345 The following table lists the tenants (including for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented 10% or more of consolidated annualized rental income for all properties on a straight-line basis as of December 31, 2015 , 2014 and 2013 : December 31, Tenant 2015 2014 2013 Adena Health System * * 10.8% Advocate Health and Hospitals Corporation * * 10.9% HH/Killeen Health System, LLC * * 12.8% IASIS Healthcare, LLC * * 15.3% National Mentor Holdings, Inc. * * 24.8% _______________________________ * Tenant's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified. The following table lists the states where the Company has a concentration of properties where annualized rental income on a straight-line basis represented 10% or more of consolidated annualized rental income on a straight-line basis for all properties as of December 31, 2015 , 2014 and 2013 : December 31, State 2015 2014 2013 Colorado * * 24.8% Florida 18.6% 24.6% * Illinois * * 23.0% Iowa 10.1% 13.9% * Louisiana * * 15.3% Ohio * * 10.8% Pennsylvania 11.4% 15.2% * Texas * * 12.8% _______________________________ * State's annualized rental income on a straight-line basis was not 10% or more of total annualized rental income on a straight-line basis for all portfolio properties as of the period specified.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 4 — Investment Securities As of December 31, 2015 and 2014 , the Company had investments with an aggregate fair value of $1.1 million and $20.3 million , respectively. Investments as of December 31, 2014 included real estate income funds managed by an affiliate of the Sponsor (see Note 9 — Related Party Transactions and Arrangements ), which were sold during the third quarter of 2015. These investments are considered available-for-sale securities and, therefore, increases or decreases in the fair value of these investments are recorded in accumulated other comprehensive income as a component of equity on the consolidated balance sheets unless the securities are considered to be other than temporarily impaired, at which time the losses would be reclassified to expense. The following table details the unrealized gains and losses on investment securities as of December 31, 2015 and 2014 . (In thousands) Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2015 Equity securities $ 1,084 $ 19 $ (25 ) $ 1,078 December 31, 2014 Equity securities $ 19,397 $ 477 $ (33 ) $ 19,841 Debt security 426 19 — 445 Total $ 19,823 $ 496 $ (33 ) $ 20,286 The Company's investments in preferred stock have not been in a continuous unrealized loss position during the last twelve months. The Company believes that the decline in fair value is a factor of current market conditions and, as such, considers the unrealized losses as of December 31, 2015 to be temporary. Therefore no impairment was recorded during the year ended December 31, 2015 . During the year ended December 31, 2015 , the Company sold certain of its investments in preferred stock, common stock, real estate income funds and its investment in a senior note with a cost of $18.8 million for $19.3 million , which resulted in a realized gain on sale of investment of $0.4 million . During the year ended December 31, 2014 , the Company sold investments in preferred stock for proceeds of $0.5 million , which resulted in a gain on sale of investment of approximately $8,000 . The Company's preferred stock investments, with an aggregate fair value of $1.1 million as of December 31, 2015 , are redeemable at the respective issuer's option five years after issuance.

Credit Facility

Credit Facility	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Credit Facility	Note 5 — Credit Facility On March 21, 2014, the Company entered into a senior secured credit facility in the amount of $50.0 million (the "Credit Facility"). On April 15, 2014 the amount available under the Credit Facility was increased to $200.0 million . On June 26, 2015, the Company entered into an amendment to the Credit Facility which, among other things, allowed for borrowings of up to $500.0 million . On July 31, 2015, the available borrowings were increased to $565.0 million . The Credit Facility also contains a subfacility for letters of credit of up to $25.0 million . The Credit Facility contains an "accordion" feature to allow the Company, under certain circumstances, to increase the aggregate borrowings under the Credit Facility to a maximum of $750.0 million . The amendment to the Credit Facility included changes to amounts committed by each of the banks in the syndicate, which resulted in a write off of deferred financing costs of $0.5 million during the year ended December 31, 2015 . There were no such writeoffs of deferred financings costs during the year ended December 31, 2014 . The Company has the option, based upon its leverage, to have the Credit Facility priced at either: (a) LIBOR, plus an applicable margin that ranges from 1.60% to 2.20% ; or (b) the Base Rate, plus an applicable margin that ranges from 0.35% to 0.95% . Base Rate is defined in the Credit Facility as the greater of (i) the fluctuating annual rate of interest announced from time to time by the lender as its “prime rate,” (ii) 0.5% above the federal funds effective rate or (iii) the applicable one-month LIBOR plus 1.0% . The Credit Facility provides for monthly interest payments for each Base Rate loan and periodic payments for each LIBOR loan, based upon the applicable LIBOR loan period, with all principal outstanding being due on the maturity date of March 21, 2019. The Credit Facility may be prepaid at any time, in whole or in part, without premium or penalty (subject to standard breakage costs). In the event of a default, the lender has the right to terminate its obligations under the Credit Facility and to accelerate the payment on any unpaid principal amount of all outstanding loans. As of December 31, 2015 , the balance outstanding under the Credit Facility was $430.0 million , with an effective interest rate of 1.8% . The Company's unused borrowing capacity was $135.0 million , based on assets assigned to the Credit Facility as of December 31, 2015 . Availability of borrowings is based on a pool of eligible unencumbered real estate assets. There were no advances outstanding as of December 31, 2014 . The Credit Facility requires the Company to meet certain financial covenants, including the maintenance of certain financial ratios (such as specified debt to equity and debt service coverage ratios) as well as the maintenance of a minimum net worth. As of December 31, 2015 , the Company was in compliance with the financial covenants under the Credit Facility.

Mortgage Notes Payable

Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Mortgage Notes Payable	Note 6 — Mortgage Notes Payable The following table reflects the Company's mortgage notes payable as of December 31, 2015 and 2014 : Outstanding Loan Amount as of December 31, Effective Interest Rate Portfolio Encumbered Properties 2015 2014 Interest Rate Maturity (In thousands) (In thousands) Creekside Medical Office Building - Douglasville, GA — $ — $ 5,154 5.32 % Fixed Sep. 2015 Bowie Gateway Medical Center - Bowie, MD 1 5,969 6,055 6.18 % Fixed Sep. 2016 Medical Center of New Windsor - New Windsor, NY 1 8,720 8,832 6.39 % Fixed Sep. 2017 Plank Medical Center - Clifton Park, NY 1 3,461 3,506 6.39 % Fixed Sep. 2017 Cushing Center - Schenectady, NY 1 4,184 4,287 5.71 % Fixed Feb. 2016 Countryside Medical Arts - Safety Harbor, FL 1 5,992 6,076 6.07 % Fixed (1) Apr. 2019 St. Andrews Medical Park - Venice, FL 3 6,623 6,716 6.07 % Fixed (1) Apr. 2019 Campus at Crooks & Auburn Building C - Rochester Hills, MI 1 3,555 3,626 5.91 % Fixed Apr. 2016 Slingerlands Crossing Phase I - Bethlehem, NY 1 6,680 6,759 6.39 % Fixed Sep. 2017 Slingerlands Crossing Phase II - Bethlehem, NY 1 7,777 7,877 6.39 % Fixed Sep. 2017 Benedictine Cancer Center - Kingston, NY 1 6,811 6,898 6.39 % Fixed Sep. 2017 Aurora Healthcare Center Portfolio - WI 6 31,257 — 6.55 % Fixed Jan. 2018 Palm Valley Medical Plaza - Goodyear, AZ 1 3,525 — 4.21 % Fixed Jun. 2023 Medical Center V - Peoria, AZ 1 3,232 — 4.75 % Fixed Sep. 2023 Courtyard Fountains - Gresham, OR 1 24,999 — 3.82 % Fixed (2) Jan. 2020 Fox Ridge Bryant - Bryant, AR 1 7,825 — 3.98 % Fixed May 2047 Fox Ridge Chenal - Little Rock, AR 1 17,800 — 3.98 % Fixed May 2049 Fox Ridge North Little Rock - North Little Rock, AR 1 11,045 — 3.98 % Fixed May 2047 Total 24 $ 159,455 $ 65,786 5.32 % (3) _______________ (1) Fixed interest rate through May 10, 2017. Interest rate changes to variable rate starting in June 2017. (2) Interest only payments through July 1, 2016. Principal and interest payments starting in August 2016. (3) Calculated on a weighted average basis for all mortgages outstanding as of December 31, 2015 . As of December 31, 2015 and December 31, 2014 , the Company had pledged $301.7 million and $122.4 million , respectively, in real estate, at cost, as collateral for these mortgage notes payable. This real estate is not available to satisfy other debts and obligations unless first satisfying the mortgage notes payable on the properties. Except as noted above, the Company makes payments of principal and interest on all of its mortgage notes payable on a monthly basis. The following table summarizes the scheduled aggregate principal payments on mortgage notes payable for the five years subsequent to December 31, 2015 : (In thousands) Future Principal Payments 2016 $ 15,650 2017 34,832 2018 31,893 2019 13,324 2020 24,279 Thereafter 39,477 Total $ 159,455 Some of the Company's mortgage note agreements require the compliance with certain property-level financial covenants including debt service coverage ratios. As of December 31, 2015 , the Company was in compliance with the financial covenants under its mortgage note agreements.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 7 — Fair Value of Financial Instruments GAAP establishes a hierarchy of valuation techniques based on the observability of inputs used in measuring financial instruments at fair value. GAAP establishes market-based or observable inputs as the preferred source of values, followed by valuation models using management assumptions in the absence of market inputs. The three levels of the hierarchy are described below: Level 1 — Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date. Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability. Level 3 — Unobservable inputs that reflect the entity's own assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques. The determination of where an asset or liability falls in the hierarchy requires significant judgment and considers factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures each quarter and depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter. However, the Company expects that changes in classifications between levels will be rare. The Company has or had investments in common stock, redeemable preferred stock, real estate income funds and a senior note that are traded in active markets and therefore, due to the availability of quoted market prices in active markets, the Company has classified these investments as Level 1 in the fair value hierarchy. The following table presents information about the Company's assets measured at fair value on a recurring basis as of December 31, 2015 and 2014 , aggregated by the level in the fair value hierarchy within which those instruments fall. (In thousands) Quoted Prices in Active Markets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Total December 31, 2015 Investment securities $ 1,078 $ — $ — $ 1,078 December 31, 2014 Investment securities $ 20,286 $ — $ — $ 20,286 The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate that value. The fair value of short-term financial instruments such as cash and cash equivalents, restricted cash, receivable for sale of common stock, straight-line rent receivable, prepaid expenses and other assets, deferred costs, net, accounts payable and accrued expenses, deferred rent and distributions payable approximates their carrying value on the consolidated balance sheets due to their short-term nature. The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below: Carrying Amount (1) at Fair Value at Carrying Amount (1) at Fair Value at (In thousands) Level December 31, December 31, December 31, December 31, Mortgage notes payable and premiums, net 3 $ 161,858 $ 162,654 $ 68,630 $ 69,117 Credit Facility 3 $ 430,000 $ 430,000 $ — $ — _______________________________ (1) Carrying value includes mortgage notes payable of $159.5 million and $65.8 million and mortgage premiums, net of $2.4 million and $2.8 million as of December 31, 2015 and December 31, 2014 , respectively. The fair value of the mortgage notes payable is estimated using a discounted cash flow analysis, based on the Advisor's experience with similar types of borrowing arrangements. Advances under the Credit Facility are considered to be reported at fair value, because the Credit Facility's interest rate varies with changes in LIBOR.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Common Stock	Note 8 — Common Stock As of December 31, 2015 and December 31, 2014 , the Company had 86.1 million and 83.7 million shares of common stock outstanding, respectively, including unvested restricted shares and shares issued pursuant to the DRIP and had received total proceeds of $2.1 billion , including proceeds from shares issued pursuant to the DRIP. The Company has paid distributions on a monthly basis to stockholders of record on a daily basis at a rate equal to $0.0046575343 per day, which is equivalent to $1.70 per annum, per share of common stock, beginning on May 24, 2013. Distributions are payable by the 5th day following each month end to stockholders of record at the close of business each day during the prior month. Distribution payments are dependent on the availability of funds. The board of directors may reduce the amount of distributions paid or suspend distribution payments at any time and therefore distribution payments are not assured. Share Repurchase Program The Company's board of directors has adopted the SRP, which enables stockholders to sell their shares to the Company in limited circumstances. The SRP permits investors to sell their shares back to the Company after they have held them for at least one year, subject to the significant conditions and limitations described below. Prior to the time that the Company’s shares are listed on a national securities exchange and until the Company begins to calculate its NAV, the repurchase price per share depends on the length of time investors have held such shares, as follows: after one year from the purchase date — the lower of $23.13 or 92.5% of the amount they actually paid for each share; after two years from the purchase date — the lower of $23.75 or 95.0% of the amount they actually paid for each share; after three years from the purchase date — the lower of $24.38 or 97.5% of the amount they actually paid for each share; and after four years from the purchase date — the lower of $25.00 or 100.0% of the amount they actually paid for each share (in each case, as adjusted for any stock distributions, combinations, splits and recapitalizations). In accordance with the SRP Amendment (described below) and beginning with the NAV Pricing Date, the price per share that the Company will pay to repurchase its shares will be equal to its NAV multiplied by a percentage equal to (i) 92.5% , if the person seeking repurchase has held his or her shares for a period greater than one year and less than two years; (ii) 95% , if the person seeking repurchase has held his or her shares for a period greater than two years and less than three years; (iii) 97.5% , if the person seeking repurchase has held his or her shares for a period greater than three years and less than four years; or (iv) 100% , if the person seeking repurchase has held his or her shares for a period greater than four years. Subject to limited exceptions, stockholders who redeem their shares of our common stock within the first four months from the date of purchase will be subject to a short-term trading fee of 2% of the aggregate NAV per share of the shares of common stock received. Repurchases of shares of the Company's common stock, when requested, are at the sole discretion of the board of directors. Until the SRP Amendment (described below), the Company limited the number of shares repurchased during any calendar year to 5% of the weighted average number of shares of common stock outstanding on December 31st of the previous calendar year. In addition, the Company was only authorized to repurchase shares in a given quarter up to the amount of proceeds received from its DRIP in that same quarter. On January 26, 2016, the Company's board of directors approved and amended the SRP (the "SRP Amendment") to supersede and replace the existing SRP. Under the SRP Amendment, repurchases of shares of the Company's common stock, when requested, are at the sole discretion of the board of directors and generally will be made semiannually (each six-month period ending June 30 or December 31, a “fiscal semester”). Repurchases for any fiscal semester will be limited to a maximum of 2.5% of the weighted average number of shares of common stock outstanding during the previous fiscal year, with a maximum for any fiscal year of 5.0% of the weighted average number of shares of common stock outstanding during the previous fiscal year. In addition, the Company is only authorized to repurchase shares in a given fiscal semester up to the amount of proceeds received from its DRIP in that same fiscal semester. When a stockholder requests redemption and the redemption is approved, the Company will reclassify such obligation from equity to a liability based on the settlement value of the obligation. Shares purchased under the SRP will have the status of authorized but unissued shares. The following table reflects the number of shares repurchased cumulatively through December 31, 2015 : Number of Shares Repurchased Average Price per Share Cumulative repurchases as of December 31, 2014 74,031 $ 24.42 Year ended December 31, 2015 (1) 894,339 23.66 Cumulative repurchases as of December 31, 2015 (1) 968,370 $ 23.72 _____________________________ (1) As permitted under the SRP, in January 2016, the Company's board of directors authorized, with respect to redemption requests received during the three months ended December 31, 2015, the repurchase of shares validly submitted for repurchase in an amount equal to 1.0% of the weighted average number of shares of common stock outstanding during the fiscal year ended December 31, 2014 , representing less than all the shares validly submitted for repurchase during the three months ended December 31, 2015 . Accordingly, 512,408 shares for $12.0 million at an average repurchase price per share of $23.45 (including all shares submitted for death or disability) were approved and completed in February 2016 , while 201,367 shares for $4.6 million at an average price per share of $23.04 were not fulfilled. The accrual for these repurchases is reflected in the accounts payable and accrued expenses line of the accompanying consolidated balance sheets. There were no other unfulfilled share repurchases for the period from October 15, 2012 (date of inception) to December 31, 2015 . Distribution Reinvestment Plan Pursuant to the DRIP, stockholders may elect to reinvest distributions by purchasing shares of common stock in lieu of receiving cash. No dealer manager fees or selling commissions are paid with respect to shares purchased under the DRIP. Participants purchasing shares pursuant to the DRIP have the same rights and are treated in the same manner as if such shares were issued pursuant to the IPO. The board of directors may designate that certain cash or other distributions be excluded from reinvestment pursuant to the DRIP. The Company has the right to amend any aspect of the DRIP or terminate the DRIP with ten days' notice to participants. Shares issued under the DRIP are recorded as equity in the accompanying consolidated balance sheet in the period distributions are declared. During the years ended December 31, 2015 and 2014 , the Company issued 3.3 million and 1.8 million shares of common stock pursuant to the DRIP, generating aggregate proceeds of $78.5 million and $41.6 million , respectively. Note 12 — Accumulated Other Comprehensive Income The following table illustrates the changes in accumulated other comprehensive income as of and for the period presented: (In thousands) Unrealized Gains on Available-for-Sale Securities Balance, December 31, 2013 $ — Other comprehensive income, before reclassifications 471 Amounts reclassified from accumulated other comprehensive income (1) (8 ) Balance, December 31, 2014 463 Other comprehensive loss, before reclassifications (23 ) Amounts reclassified from accumulated other comprehensive income (1) (446 ) Balance, December 31, 2015 $ (6 ) __________________ (1) During the years ended December 31, 2015 and 2014 , the Company sold certain of its investments in preferred stock, common stock, real estate income funds and its investment in a senior note which resulted in a realized gain of $0.4 million and approximately $8,000 , respectively, which is included in gain on sale of investment securities on the consolidated statement of operations and comprehensive loss.

Related Party Transactions and

Related Party Transactions and Arrangements	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions and Arrangements	Note 9 — Related Party Transactions and Arrangements As of December 31, 2015 and 2014 , Healthcare Trust Special Limited Partnership, LLC (the "Special Limited Partner"), formerly known as American Realty Capital Healthcare II Special Limited Partnership, LLC, owned 8,888 shares of the Company's outstanding common stock. The Advisor and its affiliates may incur and pay costs and fees on behalf of the Company. The Company owned shares in real estate income funds managed by an affiliate of the Sponsor during the years ended December 31, 2015 (see Note 4 — Investment Securities ). The Company sold these shares during the three months ended September 30, 2015. On January 14, 2015, the Company purchased the Acuity Specialty Hospital portfolio from American Realty Capital Healthcare Trust, Inc. ("HCT") for a contract purchase price of $39.4 million . At the time of such purchase, the Sponsor and Advisor and the sponsor and advisor of HCT were under common control. The limited partnership agreement of the OP provides for a special allocation, solely for tax purposes, of excess depreciation deductions of up to $10.0 million to the Company's Advisor, a limited partner of the OP. In connection with this special allocation, the Company's Advisor has agreed to restore a deficit balance in its capital account in the event of a liquidation of the OP and has agreed to provide a guaranty or indemnity of indebtedness of the OP. Fees Paid in Connection with the IPO The Former Dealer Manager was paid fees in connection with the sale of the Company's common stock in the IPO. The Company paid the Former Dealer Manager a selling commission of up to 7.0% of the per share purchase price of offering proceeds before reallowance of commissions earned by participating broker-dealers. In addition, the Company paid the Former Dealer Manager up to 3.0% of the gross proceeds from the sale of shares, before reallowance to participating broker-dealers, as a dealer manager fee. The Former Dealer Manager was permitted to reallow its dealer manager fee to participating broker-dealers. A participating broker-dealer could elect to receive a fee equal to 7.5% of the gross proceeds from the sale of shares by such participating broker-dealer, with 2.5% thereof paid at the time of such sale and 1.0% thereof paid on each anniversary of the closing of such sale up to and including the fifth anniversary of the closing of such sale. If this option had been elected, the dealer manager fee would have been reduced to 2.5% of gross proceeds. The following table details total selling commissions and dealer manager fees incurred from and due to the Former Dealer Manager as of and for the periods presented: Years Ended December 31, Payable as of December 31, (In thousands) 2015 2014 2013 2015 2014 Total commissions and fees incurred from (reimbursed by) and due to the Former Dealer Manager $ (2 ) $ 175,575 $ 17,481 $ — $ 1 The Advisor and its affiliates received compensation and reimbursement for services relating to the IPO, including transfer agent services provided by an affiliate of the Former Dealer Manager. All offering costs incurred by the Company or its affiliated entities on behalf of the Company were charged to additional paid-in capital on the accompanying balance sheet during the IPO. The following table details reimbursable offering costs incurred from and due to the Advisor and Former Dealer Manager as of and for the periods presented: Years Ended December 31, Payable as of December 31, (In thousands) 2015 2014 2013 2015 2014 Fees and expense reimbursements incurred from and due to the Advisor $ — $ 21,767 $ 3,807 $ — $ — Fees and expense reimbursements incurred from and due to the Former Dealer Manager — 3,262 1,190 — 605 Total fees and expense reimbursements incurred from and due to the Advisor and Former Dealer Manager $ — $ 25,029 $ 4,997 $ — $ 605 The Company was responsible for paying offering and related costs from the IPO, excluding commissions and dealer manager fees, up to a maximum of 2.0% of gross proceeds received from the IPO, measured at the end of the IPO. Offering costs, excluding selling commissions and dealer manager fees, in excess of the 2.0% cap as of the end of the IPO were to be the Advisor's responsibility. As of the end of the IPO, offering and related costs, excluding selling commissions and dealer manager fees, did not exceed 2.0% of gross proceeds received from the IPO. In aggregate, offering costs including selling commissions and dealer manager fees were the Company's responsibility up to a maximum of 12.0% of the gross proceeds received from the IPO as determined at the end of the IPO. As of the end of the IPO in November 2014, offering costs were less than 12.0% of the gross proceeds received in the IPO. Fees Paid in Connection With the Operations of the Company The Advisor is paid an acquisition fee equal to 1.0% of the contract purchase price of each acquired property and 1.0% of the amount advanced for a loan or other investment. The Advisor is also reimbursed for services provided for which it incurs investment-related expenses, or insourced expenses. The amount reimbursed for insourced expenses may not exceed 0.5% of the contract purchase price of each acquired property and 0.5% of the amount advanced for a loan or other investment. Additionally, the Company reimburses the Advisor for third party acquisition expenses. The aggregate amount of acquisition fees and financing coordination fees (as described below) may not exceed 1.5% of the contract purchase price and the amount advanced for a loan or other investment for all the assets acquired. In no event will the total of all acquisition fees, acquisition expenses and any financing coordination fees payable with respect to the Company's portfolio of investments or reinvestments exceed 4.5% of the contract purchase price of the Company's portfolio to be measured at the close of the acquisition phase or 4.5% of the amount advanced for all loans or other investments. If the Advisor provides services in connection with the origination or refinancing of any debt that the Company obtains and uses to acquire properties or to make other permitted investments, or that is assumed, directly or indirectly, in connection with the acquisition of properties, the Company will pay the Advisor a financing coordination fee equal to 0.75% of the amount available and/or outstanding under such financing, subject to certain limitations. Until March 31, 2015, for its asset management services, the Company issued the Advisor an asset management subordinated participation by causing the OP to issue (subject to periodic approval by the board of directors) to the Advisor performance-based restricted, forfeitable partnership units of the OP designated as "Class B Units." The Class B Units were intended to be profits interests and vest, and are no longer subject to forfeiture, at such time as: (x) the value of the OP's assets plus all distributions made equals or exceeds the total amount of capital contributed by investors plus a 6.0% cumulative, pre-tax, non-compounded annual return thereon (the "economic hurdle"); (y) any one of the following occurs: (1) a listing; (2) an other liquidity event or (3) the termination of the advisory agreement by an affirmative vote of a majority of the Company's independent directors without cause; and (z) the Advisor is still providing advisory services to the Company (the "performance condition"). Unvested Class B Units will be forfeited immediately if: (a) the advisory agreement is terminated for any reason other than a termination without cause; or (b) the advisory agreement is terminated by an affirmative vote of a majority of the Company's independent directors without cause before the economic hurdle has been met. When approved by the board of directors, the Class B Units were issued to the Advisor quarterly in arrears pursuant to the terms of the limited partnership agreement of the OP. The number of Class B Units issued in any quarter was equal to: (i) the excess of (A) the product of (y) the cost of assets multiplied by (z) 0.1875% over (B) any amounts payable as an oversight fee (as described below) for such calendar quarter; divided by (ii) the value of one share of common stock as of the last day of such calendar quarter, which is equal initially to $22.50 (the IPO price minus the selling commissions and dealer manager fees). The value of issued Class B Units will be determined and expensed when the Company deems the achievement of the performance condition to be probable. As of December 31, 2015 , the Company cannot determine the probability of achieving the performance condition. The Advisor receives distributions on vested and unvested Class B Units equal to the distribution rate received on the Company's common stock. Such distributions on issued Class B Units are included in general and administrative expenses in the consolidated statement of operations and comprehensive loss until the performance condition is considered probable to occur. As of December 31, 2015 , the Company's board of directors had approved the issuance of 359,250 Class B Units to the Advisor in connection with this arrangement. On May 12, 2015, the Company, the OP and the Advisor entered into an amendment (the “Amendment”) to the advisory agreement, which, among other things, provides that the Company will cease causing the OP to issue Class B Units in the OP to the Advisor or its assignees related to any period ending after March 31, 2015. Effective April 1, 2015, the Company began paying an asset management fee to the Advisor or its assignees as compensation for services rendered in connection with the management of the Company’s assets. The asset management fee is payable on the first business day of each month in the amount of 0.0625% multiplied by the cost of assets for the preceding monthly period. The asset management fee is payable to the Advisor or its assignees in cash, in shares, or a combination of both, the form of payment to be determined in the sole discretion of the Advisor. For the purposes of the payment of any fees in shares (a) prior to the NAV Pricing Date, each share will be valued at $22.50, (b) after the NAV Pricing Date and prior to the Listing, each share will be valued at the then-current NAV per share and (c) at all other times, each share shall be valued by the board of directors in good faith at the fair market value. Unless the Company contracts with a third party, the Company pays the Property Manager a property management fee of 1.5% of gross revenues from the Company's stand-alone single-tenant net leased properties and 2.5% of gross revenues from all other types of properties, respectively. The Company also reimburses the Property Manager for property level expenses. If the Company contracts directly with third parties for such services, the Company will pay them customary market fees and will pay the Property Manager an oversight fee of up to 1.0% of the gross revenues of the property managed. In no event will the Company pay the Property Manager or any affiliate of the Property Manager both a property management fee and an oversight fee with respect to any particular property. Effective June 1, 2013, the Company entered into an agreement with the Former Dealer Manager to provide strategic advisory services and investment banking services required in the ordinary course of the Company's business, such as performing financial analysis, evaluating publicly traded comparable companies and assisting in developing a portfolio composition strategy, a capitalization structure to optimize future liquidity options and structuring operations. Strategic advisory fees were amortized over the estimated remaining term of the IPO and, as such, have been fully amortized as of December 31, 2014. The Former Dealer Manager and its affiliates also provided transfer agency services, as well as transaction management and other professional services. These fees were included in general and administrative expenses in the accompanying consolidated statement of operations and comprehensive loss. The following table details amounts incurred, forgiven and payable in connection with the Company's operations-related services described above as of and for the periods presented. Years Ended December 31, Payable (Receivable) as of 2015 2014 2013 December 31, (In thousands) Incurred Forgiven Incurred Forgiven Incurred Forgiven 2015 2014 One-time fees and reimbursements: Acquisition fees $ 6,878 $ — $ 15,936 $ — $ 462 $ — $ — $ — Acquisition cost reimbursements 3,439 — 7,968 — 144 — — — Financing coordination fees 3,863 — 1,997 — — — — — Ongoing fees: Asset management fees (1) 10,889 — — — — — (5 ) — Property management fees 1,302 1,220 — 617 — 23 (10 ) — Professional fees and reimbursements 4,558 — 364 — 499 364 Strategic advisory fees — — 605 — 315 — — — Distributions on Class B Units 490 — 47 — 1 — 52 — Total related party operation fees and reimbursements $ 31,419 $ 1,220 $ 26,917 $ 617 $ 922 $ 23 $ 536 $ 364 _______________ (1) Prior to April 1, 2015, the Company caused the OP to issue (subject to periodic approval by the board of directors) to the Advisor restricted performance based Class B Units for asset management services. As of December 31, 2015 , the Company's board of directors had approved the issuance of 359,250 Class B Units to the Advisor in connection with this arrangement. Effective April 1, 2015, in connection with the Amendment, the Company will pay an asset management fee to the Advisor or its assignees in cash, in shares, or a combination of both and will no longer issue any Class B Units. The Company reimburses the Advisor's costs of providing administrative services, subject to the limitation that the Company did not reimburse the Advisor for any amount by which the Company's operating expenses at the end of the four preceding fiscal quarters exceeded the greater of (a) 2.0% of average invested assets and (b) 25.0% of net income other than any additions to reserves for depreciation, bad debt or other similar non-cash expenses and excluding any gain from the sale of assets for that period (the "2%/25% Limitation"), unless the Company's independent directors determined that such excess was justified based on unusual and nonrecurring factors which they deemed sufficient, in which case the excess amount could be reimbursed to the Advisor in subsequent periods. Additionally, the Company reimburses the Advisor for personnel costs; however, the Company may not reimburse the Advisor for personnel costs in connection with services for which the Advisor receives acquisition fees, acquisition expenses or real estate commissions or for persons serving as executive officers of the Company. The 2%/25% Limitation was removed from the advisory agreement in connection with the amendment and restatement of to the advisory agreement in June 2015. In order to improve operating cash flows and the ability to pay distributions from operating cash flows, the Advisor may elect to forgive and absorb certain fees. Because the Advisor may forgive or absorb certain fees, cash flow from operations that would have been paid to the Advisor may be available to pay distributions to stockholders. The fees that are forgiven are not deferrals and, accordingly, will not be paid to the Advisor in the future. In certain instances, to improve the Company's working capital, the Advisor may elect to absorb a portion of the Company's property operating and general and administrative costs, which the Company will not repay. The following table reflects costs absorbed by the Advisor during the periods presented. Years Ended December 31, Receivable as of December 31, (In thousands) 2015 2014 2013 2015 2014 Property operating expenses absorbed $ — $ — $ 150 $ — $ — General and administrative expenses absorbed — — 843 — — Total expenses absorbed $ — $ — $ 993 $ — $ — The predecessor to AR Global is a party to a services agreement with RCS Advisory Services, LLC, a subsidiary of the parent company of the Former Dealer Manager (“RCS Advisory”), pursuant to which RCS Advisory and its affiliates provided the Company and certain other companies sponsored by AR Global with services (including, without limitation, transaction management, compliance, due diligence, event coordination and marketing services, among others) on a time and expenses incurred basis or at a flat rate based on services performed. The predecessor to AR Global instructed RCS Advisory to stop providing such services in November 2015 and no services have since been provided by RCS Advisory. The Company is also party to a transfer agency agreement with American National Stock Transfer, LLC, a subsidiary of the parent company of the Former Dealer Manager (“ANST”), pursuant to which ANST provided the Company with transfer agency services (including broker and stockholder servicing, transaction processing, year-end IRS reporting and other services), and supervisory services overseeing the transfer agency services performed by a third-party transfer agent. AR Global received written notice from ANST on February 10, 2016 that it would wind down operations by the end of the month and would withdraw as the transfer agent effective February 29, 2016. On February 26, 2016, the Company entered into a definitive agreement with DST Systems, Inc., its previous provider of sub-transfer agency services, to provide the Company directly with transfer agency services (including broker and stockholder servicing, transaction processing, year-end IRS reporting and other services). Fees and Participations Paid in Connection with a Listing or the Liquidation of the Company's Real Estate Assets Fees Incurred in Connection with the Listing On March 17, 2015, the Company formally engaged KeyBanc Capital Markets Inc. ("KeyBanc") and RCS Capital ("RCS Capital"), the investment banking and capital markets division of the Former Dealer Manager, and on May 20, 2015, the Company formally engaged BMO Capital Markets Corp. ("BMO"), as financial advisors. Previously, the Company's board of directors determined, in consultation with KeyBanc and RCS Capital, that it was in the Company's best interests to proceed with a public listing application on a national securities exchange. On September 24, 2015, the Company announced that its board of directors had determined that it was in the best interest of the Company to not pursue the Listing during the third quarter of 2015 and that the board of directors will continue to monitor market conditions and other factors with a view toward reevaluating the Listing decision when market conditions are more favorable. Pursuant to the agreements with KeyBanc, BMO and RCS Capital, they each would have received a listing advisory fee equal to $1.5 million if the Company's shares were listed on a national securities exchange. In the event of a sale or acquisition transaction, KeyBanc, BMO and RCS Capital each would have received a proposed transaction fee equal to 0.25% of the value of the transaction. While the Company's board of directors continues to monitor market conditions and other factors with respect to the Listing, the agreements with KeyBanc, RCS Capital and BMO were terminated in January 2016. No fees were incurred in connection with these agreements during the year s ended December 31, 2015 , 2014 , or 2013 . Other Liquidation Related Fees and Participations The Company will pay the Advisor an annual subordinated performance fee calculated on the basis of the Company's total return to stockholders, payable annually in arrears, such that for any year in which the Company's total return on stockholders' capital exceeds 6.0% per annum, the Advisor will be entitled to 15.0% of the excess total return but not to exceed 10.0% of the aggregate total return for such year. This fee will be paid only upon the sale of assets, distributions or other event which results in the return on stockholders' capital exceeding 6.0% per annum. No subordinated performance fees were incurred during the year s ended December 31, 2015 , 2014 , or 2013 . The Company will pay the Advisor a brokerage commission on the sale of property, not to exceed the lesser of 2.0% of the contract sale price of the property and 50.0% of the total brokerage commission paid if a third party broker is also involved; provided, however, that in no event may the real estate commissions paid to the Advisor, its affiliates and unaffiliated third parties exceed the lesser of 6.0% of the contract sales price and a reasonable, customary and competitive real estate commission, in each case, payable to the Advisor if the Advisor or its affiliates, as determined by a majority of the independent directors, provided a substantial amount of services in connection with the sale. No such fees were incurred during the year s ended December 31, 2015 , 2014 , or 2013 . The Special Limited Partner will be entitled to receive a subordinated participation in the net sales proceeds of the sale of real estate assets from the OP equal to 15.0% of remaining net sale proceeds after return of capital contributions to investors plus payment to investors of a 6.0% cumulative, pre-tax non-compounded annual return on the capital contributed by investors. The Special Limited Partner will not be entitled to the subordinated participation in net sale proceeds unless the Company's investors have received a 6.0% cumulative, pre-tax non-compounded annual return on their capital contributions. No such participation in net sales proceeds became due and payable during the year s ended December 31, 2015 , 2014 , or 2013 . If the common stock of the Company is listed on a national exchange, the Special Limited Partner will be entitled to receive a subordinated incentive listing distribution from the OP equal to 15.0% of the amount by which the adjusted market value of real estate assets plus distributions exceeds the aggregate capital contributed by investors plus an amount equal to a 6.0% cumulative, pre-tax non-compounded annual return to investors. The Special Limited Partner will not be entitled to the subordinated incentive listing distribution unless investors have received a 6.0% cumulative, pre-tax non-compounded annual return on their capital contributions. No such distribution was incurred during the year s ended December 31, 2015 , 2014 , or 2013 . Neither the Special Limited Partner nor any of its affiliates can earn both the subordinated participation in the net sales proceeds and the subordinated incentive listing distribution. Upon termination or non-renewal of the advisory agreement with the Advisor, with or without cause, the Special Limited Partner will be entitled to receive distributions from the OP equal to 15.0% of the amount by which the sum of the Company's market value plus distributions exceeds the sum of the aggregate capital contributed by investors plus an amount equal to an annual 6.0% cumulative, pre-tax, non-compounded annual return to investors. The Special Limited Partner may elect to defer its right to receive a subordinated distribution upon termination until either a listing on a national securities exchange or other liquidity event occurs.

Economic Dependency

Economic Dependency	12 Months Ended
	Dec. 31, 2015
Economic Dependency [Abstract]
Economic Dependency	Note 10 — Economic Dependency Under various agreements, the Company has engaged or will engage the Advisor, its affiliates and entities under common control with the Advisor to provide certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company and asset acquisition and disposition decisions, as well as other administrative responsibilities for the Company including accounting services and investor relations. As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. In the event that the Advisor and its affiliates are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services.

Equity-Based Compensation

Equity-Based Compensation	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity-Based Compensation	Note 11 — Equity-Based Compensation Restricted Share Plan The Company has an employee and director incentive restricted share plan (the "RSP"), which provides for the automatic grant of 1,333 restricted shares of common stock to each of the independent directors, without any further approval by the Company's board of directors or the stockholders, after initial election to the board of directors and after each annual stockholder meeting, with such shares vesting annually beginning with the one year anniversary of initial election to the board of directors and the date of the next annual meeting, respectively. Restricted stock issued to independent directors will vest over a five -year period in increments of 20.0% per annum. The RSP provides the Company with the ability to grant awards of restricted shares to the Company's directors, officers and employees (if the Company ever has employees), employees of the Advisor and its affiliates, employees of entities that provide services to the Company, directors of the Advisor or of entities that provide services to the Company, certain consultants to the Company and the Advisor and its affiliates or to entities that provide services to the Company. The total number of common shares granted under the RSP may not exceed 5.0% of the Company's outstanding shares of common stock on a fully diluted basis at any time and in any event will not exceed 3.4 million shares (as such number may be adjusted for stock splits, stock dividends, combinations and similar events). Restricted share awards entitle the recipient to receive shares of common stock from the Company under terms that provide for vesting over a specified period of time. For restricted share awards granted prior to July 1, 2015, such awards would typically be forfeited with respect to the unvested shares upon the termination of the recipient's employment or other relationship with the Company. For restricted share awards granted on or after July 1, 2015, such awards provide for accelerated vesting of the portion of the unvested shares scheduled to vest in the year of the recipient's voluntary termination or the failure to be re-elected to the board. Restricted shares may not, in general, be sold or otherwise transferred until restrictions are removed and the shares have vested. Holders of restricted shares may receive cash distributions prior to the time that the restrictions on the restricted shares have lapsed. Any distributions payable in shares of common stock shall be subject to the same restrictions as the underlying restricted shares. The following table reflects restricted share award activity for the period presented: Number of Common Shares Weighted-Average Issue Price Unvested, January 1, 2013 — $ — Granted 3,999 22.50 Vested — — Forfeitures — — Unvested, December 31, 2013 3,999 22.50 Granted 3,999 22.50 Vested (800 ) 22.50 Forfeitures — — Unvested, December 31, 2014 7,198 22.50 Granted 7,998 22.50 Vested (1,066 ) 22.50 Forfeitures (2,399 ) 22.50 Unvested, December 31, 2015 11,731 $ 22.50 As of December 31, 2015 , the Company had $0.2 million of unrecognized compensation cost related to unvested restricted share awards granted under the Company's RSP. That cost is expected to be recognized over a weighted-average period of 3.6 years . Compensation expense related to restricted stock was $0.1 million , approximately $27,000 and $16,000 during the years ended December 31, 2015 , 2014 and 2013 , respectively. Compensation expense related to restricted stock is recorded as general and administrative expense in the accompanying consolidated statement of operations and comprehensive loss. Other Share-Based Compensation The Company may issue common stock in lieu of cash to pay fees earned by the Company's directors at the respective director's election. There are no restrictions on the shares issued since these payments in lieu of cash relate to fees earned for services performed. During the year ended December 31, 2014 , the Company issued 2,037 shares in lieu of approximately $46,000 in cash. No such shares were issued during the year s ended December 31, 2015 and 2013 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Accumulated Other Comprehensive Income	Note 8 — Common Stock As of December 31, 2015 and December 31, 2014 , the Company had 86.1 million and 83.7 million shares of common stock outstanding, respectively, including unvested restricted shares and shares issued pursuant to the DRIP and had received total proceeds of $2.1 billion , including proceeds from shares issued pursuant to the DRIP. The Company has paid distributions on a monthly basis to stockholders of record on a daily basis at a rate equal to $0.0046575343 per day, which is equivalent to $1.70 per annum, per share of common stock, beginning on May 24, 2013. Distributions are payable by the 5th day following each month end to stockholders of record at the close of business each day during the prior month. Distribution payments are dependent on the availability of funds. The board of directors may reduce the amount of distributions paid or suspend distribution payments at any time and therefore distribution payments are not assured. Share Repurchase Program The Company's board of directors has adopted the SRP, which enables stockholders to sell their shares to the Company in limited circumstances. The SRP permits investors to sell their shares back to the Company after they have held them for at least one year, subject to the significant conditions and limitations described below. Prior to the time that the Company’s shares are listed on a national securities exchange and until the Company begins to calculate its NAV, the repurchase price per share depends on the length of time investors have held such shares, as follows: after one year from the purchase date — the lower of $23.13 or 92.5% of the amount they actually paid for each share; after two years from the purchase date — the lower of $23.75 or 95.0% of the amount they actually paid for each share; after three years from the purchase date — the lower of $24.38 or 97.5% of the amount they actually paid for each share; and after four years from the purchase date — the lower of $25.00 or 100.0% of the amount they actually paid for each share (in each case, as adjusted for any stock distributions, combinations, splits and recapitalizations). In accordance with the SRP Amendment (described below) and beginning with the NAV Pricing Date, the price per share that the Company will pay to repurchase its shares will be equal to its NAV multiplied by a percentage equal to (i) 92.5% , if the person seeking repurchase has held his or her shares for a period greater than one year and less than two years; (ii) 95% , if the person seeking repurchase has held his or her shares for a period greater than two years and less than three years; (iii) 97.5% , if the person seeking repurchase has held his or her shares for a period greater than three years and less than four years; or (iv) 100% , if the person seeking repurchase has held his or her shares for a period greater than four years. Subject to limited exceptions, stockholders who redeem their shares of our common stock within the first four months from the date of purchase will be subject to a short-term trading fee of 2% of the aggregate NAV per share of the shares of common stock received. Repurchases of shares of the Company's common stock, when requested, are at the sole discretion of the board of directors. Until the SRP Amendment (described below), the Company limited the number of shares repurchased during any calendar year to 5% of the weighted average number of shares of common stock outstanding on December 31st of the previous calendar year. In addition, the Company was only authorized to repurchase shares in a given quarter up to the amount of proceeds received from its DRIP in that same quarter. On January 26, 2016, the Company's board of directors approved and amended the SRP (the "SRP Amendment") to supersede and replace the existing SRP. Under the SRP Amendment, repurchases of shares of the Company's common stock, when requested, are at the sole discretion of the board of directors and generally will be made semiannually (each six-month period ending June 30 or December 31, a “fiscal semester”). Repurchases for any fiscal semester will be limited to a maximum of 2.5% of the weighted average number of shares of common stock outstanding during the previous fiscal year, with a maximum for any fiscal year of 5.0% of the weighted average number of shares of common stock outstanding during the previous fiscal year. In addition, the Company is only authorized to repurchase shares in a given fiscal semester up to the amount of proceeds received from its DRIP in that same fiscal semester. When a stockholder requests redemption and the redemption is approved, the Company will reclassify such obligation from equity to a liability based on the settlement value of the obligation. Shares purchased under the SRP will have the status of authorized but unissued shares. The following table reflects the number of shares repurchased cumulatively through December 31, 2015 : Number of Shares Repurchased Average Price per Share Cumulative repurchases as of December 31, 2014 74,031 $ 24.42 Year ended December 31, 2015 (1) 894,339 23.66 Cumulative repurchases as of December 31, 2015 (1) 968,370 $ 23.72 _____________________________ (1) As permitted under the SRP, in January 2016, the Company's board of directors authorized, with respect to redemption requests received during the three months ended December 31, 2015, the repurchase of shares validly submitted for repurchase in an amount equal to 1.0% of the weighted average number of shares of common stock outstanding during the fiscal year ended December 31, 2014 , representing less than all the shares validly submitted for repurchase during the three months ended December 31, 2015 . Accordingly, 512,408 shares for $12.0 million at an average repurchase price per share of $23.45 (including all shares submitted for death or disability) were approved and completed in February 2016 , while 201,367 shares for $4.6 million at an average price per share of $23.04 were not fulfilled. The accrual for these repurchases is reflected in the accounts payable and accrued expenses line of the accompanying consolidated balance sheets. There were no other unfulfilled share repurchases for the period from October 15, 2012 (date of inception) to December 31, 2015 . Distribution Reinvestment Plan Pursuant to the DRIP, stockholders may elect to reinvest distributions by purchasing shares of common stock in lieu of receiving cash. No dealer manager fees or selling commissions are paid with respect to shares purchased under the DRIP. Participants purchasing shares pursuant to the DRIP have the same rights and are treated in the same manner as if such shares were issued pursuant to the IPO. The board of directors may designate that certain cash or other distributions be excluded from reinvestment pursuant to the DRIP. The Company has the right to amend any aspect of the DRIP or terminate the DRIP with ten days' notice to participants. Shares issued under the DRIP are recorded as equity in the accompanying consolidated balance sheet in the period distributions are declared. During the years ended December 31, 2015 and 2014 , the Company issued 3.3 million and 1.8 million shares of common stock pursuant to the DRIP, generating aggregate proceeds of $78.5 million and $41.6 million , respectively. Note 12 — Accumulated Other Comprehensive Income The following table illustrates the changes in accumulated other comprehensive income as of and for the period presented: (In thousands) Unrealized Gains on Available-for-Sale Securities Balance, December 31, 2013 $ — Other comprehensive income, before reclassifications 471 Amounts reclassified from accumulated other comprehensive income (1) (8 ) Balance, December 31, 2014 463 Other comprehensive loss, before reclassifications (23 ) Amounts reclassified from accumulated other comprehensive income (1) (446 ) Balance, December 31, 2015 $ (6 ) __________________ (1) During the years ended December 31, 2015 and 2014 , the Company sold certain of its investments in preferred stock, common stock, real estate income funds and its investment in a senior note which resulted in a realized gain of $0.4 million and approximately $8,000 , respectively, which is included in gain on sale of investment securities on the consolidated statement of operations and comprehensive loss.

Non-Controlling Interests

Non-Controlling Interests	12 Months Ended
	Dec. 31, 2015
Noncontrolling Interest [Abstract]
Non-Controlling Interests	Note 13 — Non-Controlling Interests The Company is the sole general partner and holds substantially all of the units of limited partner interests in the OP ("OP Units"). As of December 31, 2015 and 2014 , the Advisor held 90 OP Units, which represents a nominal percentage of the aggregate OP ownership. In November 2014, the Company partially funded the purchase of an MOB with the issuance of 405,908 OP Units, with a value of $10.1 million or $25.00 per unit, from an unaffiliated third party. A holder of OP Units has the right to distributions and has the right to convert OP Units for the cash value of a corresponding number of shares of the Company's common stock or, at the option of the OP, a corresponding number of shares of the Company's common stock, in accordance with the limited partnership agreement of the OP, provided, however, that such OP Units must have been outstanding for at least one year. The remaining rights of the limited partners in the OP are limited, however, and do not include the ability to replace the general partner or to approve the sale, purchase or refinancing of the OP's assets. During the year ended December 31, 2015 , non-controlling interest holders were paid distributions of $0.7 million . No such distributions were paid during the year s ended December 31, 2014 or 2013 . The Company has an investment arrangement with an unaffiliated third party whereby such investor receives an ownership interest in certain of the Company's property-owning subsidiaries and is entitled to receive a proportionate share of the net operating cash flow derived from the subsidiaries' property. Upon disposition of a property subject to non-controlling interest, the investor will receive a proportionate share of the net proceeds from the sale of the property. The investor has no recourse to any other assets of the Company. Due to the nature of the Company's involvement with the arrangement and the significance of its investment in relation to the investment of the third party, the Company has determined that it controls each entity in this arrangement and therefore the entities related to this arrangement are consolidated within the Company's financial statements. A non-controlling interest is recorded for the investor's ownership interest in the properties. The following table summarizes the activity related to investment arrangements with the unaffiliated third party. The Company did not have any investment arrangements with unaffiliated third parties during the years ended December 31, 2014 or 2013 and therefore did not have any distributions to unaffiliated third parties for investment arrangements for the years ended December 31, 2014 or 2013 . As of December 31, 2015 Property Name (Dollar amounts in thousands) Investment Date Third Party Net Investment Amount as of December 31, 2015 Non-Controlling Ownership Percentage as of December 31, 2015 Net Real Estate Assets Subject to Investment Arrangement Mortgage Notes Payable Subject to Investment Arrangement Distributions for the Year Ended December 31, 2015 Plaza Del Rio Medical Office Campus Portfolio - Peoria, AZ May 2015 $ 500 4.1 % $ 10,561 — —

Net Loss Per Share

Net Loss Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Net Loss Per Share	Note 14 — Net Loss Per Share The following is a summary of the basic and diluted net loss per share computation for the years ended December 31, 2015 , 2014 and 2013 : Years Ended December 31, 2015 2014 2013 Net loss attributable to stockholders (in thousands) $ (41,741 ) $ (37,678 ) $ (221 ) Basic and diluted weighted-average shares outstanding 85,331,966 51,234,729 2,148,297 Basic and diluted net loss per share $ (0.49 ) $ (0.74 ) $ (0.10 ) The Company had the following potentially dilutive securities as of December 31, 2015 , 2014 and 2013 , which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive: December 31, 2015 2014 2013 Unvested restricted stock 11,731 7,198 3,999 OP Units 405,998 405,998 90 Class B units 359,250 107,885 4,062 Total common share equivalents 776,979 521,081 8,151

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	Note 15 — Segment Reporting During the year ended December 31, 2015 and 2014 , the Company operated in three reportable business segments for management and internal financial reporting purposes: medical office buildings, triple-net leased healthcare facilities, and seniors housing — operating properties ("SHOP"). During the year ended December 31, 2013 , the Company did not own any seniors housing communities and, therefore, operated in two reportable business segments. These operating segments are the segments of the Company for which separate financial information is available and for which segment results are evaluated by the Company's executive officers in deciding how to allocate resources and in assessing performance. The medical office building segment primarily consists of MOBs leased to healthcare-related tenants under long-term leases, which may require such tenants to pay a pro rata share of property-related expenses. The triple-net leased healthcare facilities segment primarily consists of investments in seniors housing communities, hospitals, inpatient rehabilitation facilities and skilled nursing facilities under long-term leases, under which tenants are generally responsible to directly pay property-related expenses. The SHOP segment consists of direct investments in seniors housing communities, primarily providing assisted living, independent living and memory care services, which are operated through engaging independent third-party managers. The Company evaluates the performance of the combined properties in each segment based on net operating income. Net operating income is defined as total revenues less property operating and maintenance expenses. There are no intersegment sales or transfers. The Company uses net operating income to evaluate the operating performance of real estate investments and to make decisions concerning the operation of the properties. The Company believes that net operating income is useful to investors in understanding the value of income-producing real estate. Net income (loss) is the GAAP measure that is most directly comparable to net operating income; however, net operating income should not be considered as an alternative to net income as the primary indicator of operating performance as it excludes certain items such as operating fees to the Advisor, acquisition and transaction related expenses, general and administrative expenses, depreciation and amortization expense, interest expense, interest and other income, gain on sale of investment securities, and income tax expense. Additionally, net operating income as defined by the Company may not be comparable to net operating income as defined by other REITs or companies. The following tables reconcile the segment activity to consolidated net loss for the years ended December 31, 2015 , 2014 and 2013 : Year Ended December 31, 2015 (In thousands) Medical Office Buildings Triple-Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenues: Rental income $ 56,165 $ 37,053 $ — $ 93,218 Operating expense reimbursements 12,611 148 — 12,759 Resident services and fee income — — 140,901 140,901 Contingent purchase price consideration 572 — 40 612 Total revenues 69,348 37,201 140,941 247,490 Property operating and maintenance 20,334 6,706 98,533 125,573 Net operating income $ 49,014 $ 30,495 $ 42,408 121,917 Operating fees to related parties (12,191 ) Acquisition and transaction related (14,679 ) General and administrative (9,733 ) Depreciation and amortization (120,924 ) Interest expense (10,356 ) Interest and other income 582 Gain on sale of investment securities 446 Income tax benefit (expense) 2,978 Net loss attributable to non-controlling interests 219 Net loss attributable to stockholders $ (41,741 ) Year Ended December 31, 2014 (In thousands) Medical Office Buildings Triple-Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenues: Rental income $ 13,955 $ 9,050 $ — $ 23,005 Operating expense reimbursements 3,532 53 — 3,585 Resident services and fee income — — 31,849 31,849 Total revenues 17,487 9,103 31,849 58,439 Property operating and maintenance 4,765 79 21,873 26,717 Net operating income $ 12,722 $ 9,024 $ 9,976 31,722 Acquisition and transaction related (33,623 ) General and administrative (3,541 ) Depreciation and amortization (28,889 ) Interest expense (3,559 ) Interest and other income 735 Gain on sale of investment securities 8 Income tax benefit (expense) (565 ) Net loss attributable to non-controlling interests 34 Net loss attributable to stockholders $ (37,678 ) Year Ended December 31, 2013 (In thousands) Medical Office Buildings Triple-Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenues: Rental income $ 881 $ 670 $ — $ 1,551 Operating expense reimbursements 236 30 — 266 Resident services and fee income — — — — Total revenues 1,117 700 — 1,817 Property operating and maintenance 92 30 — 122 Net operating income $ 1,025 $ 670 $ — 1,695 Acquisition and transaction related (730 ) General and administrative (104 ) Depreciation and amortization (1,077 ) Income tax benefit (expense) (5 ) Net loss attributable to stockholders $ (221 ) The following table reconciles the segment activity to consolidated total assets as of the periods presented: December 31, (In thousands) 2015 2014 ASSETS Investments in real estate, net: Medical office buildings $ 839,041 $ 593,648 Triple-net leased healthcare facilities 447,893 355,962 Construction in progress 31,309 — Seniors housing — operating properties 876,359 682,140 Total investments in real estate, net 2,194,602 1,631,750 Cash and cash equivalents 24,474 182,617 Restricted cash 4,647 1,778 Investment securities, at fair value 1,078 20,286 Receivable for sale of common stock — 6 Straight-line rent receivable, net 11,470 2,325 Prepaid expenses and other assets 21,707 14,711 Deferred costs, net 14,014 4,237 Total assets $ 2,271,992 $ 1,857,710 The following table reconciles capital expenditures by reportable business segment, excluding corporate non-real estate expenditures, for the periods presented: Years Ended December 31, (In thousand) 2015 2014 2013 Medical office buildings $ 2,129 $ 609 $ — Triple-net leased healthcare facilities 540 — — Seniors housing — operating properties 2,701 134 — Total capital expenditures $ 5,370 $ 743 $ —

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 16 — Commitments and Contingencies The Company has entered into operating and capital lease agreements related to certain acquisitions under leasehold interests arrangements. The following table reflects the minimum base cash rental payments due from the Company over the next five years and thereafter under these arrangements, including the present value of the net minimum payment due under capital leases. These amounts exclude contingent rent payments, as applicable, that may be payable based on provisions related to increases in annual rent based on exceeding certain economic indexes among other items. Future Minimum Base Rent Payments (In thousands) Operating Leases Capital Leases 2016 $ 645 $ 74 2017 664 76 2018 668 78 2019 673 80 2020 671 82 Thereafter 79,980 7,848 Total minimum lease payments $ 83,301 8,238 Less: amounts representing interest (3,435 ) Total present value of minimum lease payments $ 4,803 Total rental expense from operating leases was $0.4 million , $0.1 million and approximately $6,000 during the year s ended December 31, 2015 , 2014 and 2013 , respectively. During the year s ended December 31, 2015 and 2014 , interest expense related to capital leases was $0.1 million and $0.2 million , respectively. There was no such expense during the year ended December 31, 2013 . Litigation and Regulatory Matters In the ordinary course of business, the Company may become subject to litigation, claims and regulatory matters. There are no material legal or regulatory proceedings pending or known to be contemplated against the Company or its properties. Environmental Matters In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. As of December 31, 2015 , the Company had not been notified by any governmental authority of any non-compliance, liability or other claim, and is not aware of any other environmental condition that it believes will have a material adverse effect on the results of operations. Development Project Funding In August 2015, the Company entered into an asset purchase agreement and development agreement to acquire land and construction in progress, and subsequently fund the remaining construction, of a skilled nursing facility in Jupiter, Florida for $82.0 million . As of December 31, 2015 , the Company had funded $10.0 million and $21.3 million for the land and construction in progress, respectively. Concurrent with the acquisition, the Company entered into a loan agreement and lease agreement with an affiliate of the project developer. The loan agreement is intended to provide working capital to the tenant during the initial operating period of the facility and allows for borrowings of up to $2.7 million from the Company on a non-revolving basis. Any outstanding principal balances under the loan will bear interest at 7.0% per year, payable on the first day of each fiscal quarter. As of December 31, 2015 , there were no amounts outstanding due to the Company pursuant to the loan agreement.

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Results (Unaudited)	Note 17 — Quarterly Results (Unaudited) Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2015 , 2014 and 2013 : (In thousands, except for share and per share data) March 31, June 30, September 30, December 31, Total revenues $ 57,121 $ 59,516 $ 64,030 $ 66,373 Net loss attributable to stockholders $ (5,220 ) $ (13,421 ) $ (16,108 ) $ (6,992 ) Basic and diluted weighted average shares outstanding 84,250,503 84,992,633 85,705,595 86,351,934 Basic and diluted loss per share $ (0.06 ) $ (0.16 ) $ (0.19 ) $ (0.08 ) (In thousands, except for share and per share data) March 31, June 30, September 30, December 31, Total revenues $ 1,387 $ 2,869 $ 11,818 $ 42,365 Net income (loss) $ (582 ) $ (4,147 ) $ (20,023 ) $ (12,926 ) Basic and diluted weighted average shares outstanding 13,623,545 35,127,969 71,813,126 83,381,570 Basic and diluted income (loss) per share $ (0.04 ) $ (0.12 ) $ (0.28 ) $ (0.16 ) (In thousands, except for share and per share data) March 31, June 30, September 30, December 31, Total revenues $ — $ 27 $ 652 $ 1,138 Net income (loss) $ (47 ) $ (116 ) $ (399 ) $ 341 Basic weighted average shares outstanding 8,888 379,911 2,559,022 5,579,635 Basic income (loss) per share $ (5.29 ) $ (0.31 ) $ (0.16 ) $ 0.06 Diluted weighted average shares outstanding 8,888 379,911 2,559,022 5,624,600 Diluted income (loss) per share $ (5.29 ) $ (0.31 ) $ (0.16 ) $ 0.05

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 18 — Subsequent Events The Company has evaluated subsequent events through the filing of this Annual Report on Form 10-K , and determined that there have not been any events that have occurred that would require adjustments to disclosures in the consolidated financial statements except for the following: Amended and Restated SRP On January 25, 2016, the board of directors of the Company unanimously approved an amended and restated share repurchase program (the “A&R SRP”). Effective February 28, 2016, beginning on and following the NAV Pricing Date, the repurchase price per share for requests other than for death or disability will be equal to the NAV, in each case multiplied by a percentage equal to (i) 92.5% , if the person seeking repurchase has held his or her shares for a period greater than one year and less than two years; (ii) 95% , if the person seeking repurchase has held his or her shares for a period greater than two years and less than three years; (iii) 97.5% , if the person seeking repurchase has held his or her shares for a period greater than three years and less than four years; or (iv) 100% , if the person seeking repurchase has held his or her shares for a period greater than four years. In the case of requests for death or disability, the repurchase price per share will be equal to the NAV at the time of repurchase beginning on and following the NAV Pricing Date. Repurchases pursuant to the A&R SRP, when requested, generally will be made semiannually (each six-month period ending June 30 or December 31, a “fiscal semester”). Repurchases for any fiscal semester will be limited to a maximum of 2.5% of the weighted average number of shares of common stock outstanding during the previous fiscal year, with a maximum for any fiscal year of 5.0% of the weighted average number of shares of common stock outstanding during the previous fiscal year. Funding for repurchases pursuant to the A&R SRP for any given fiscal semester will be limited to proceeds received during that same fiscal semester through the issuance of common stock pursuant to any distribution reinvestment plan in effect from time to time; provided that the board of directors has the power, in its sole discretion, to determine the amount of shares repurchased during any fiscal semester as well as the amount of funds to be used for that purpose. Sponsor Transaction In January 2016, AR Global became the successor business to AR Capital, LLC and became the parent of the Company's current Sponsor. RCS Capital Corporation Bankruptcy RCS Capital Corporation, the parent company of the Former Dealer Manager and certain of its affiliates that provided the Company with services, filed for Chapter 11 bankruptcy protection in January 2016, prior to which it was also under common control with AR Global, the parent of the Company's sponsor. Termination of Listing Advisory Services Agreements On March 17, 2015, the Company formally engaged KeyBanc and RCS Capital and on May 20, 2015, the Company formally engaged BMO as financial advisors in connection with the Listing. While the Company's board of directors continues to monitor market conditions and other factors with respect to the Listing, the agreements with KeyBanc, RCS Capital and BMO were terminated in January 2016. American National Stock Transfer, LLC Termination On February 10, 2016, AR Global received written notice from ANST, the Company's transfer agent and an affiliate of the Company's Former Dealer Manager, that it would wind down operations by the end of the month. ANST withdrew as the transfer agent effective February 29, 2016. On February 26, 2016, the Company entered into a definitive agreement with DST Systems, Inc., its previous provider of sub-transfer agency services, to provide the Company directly with transfer agency services (including broker and stockholder servicing, transaction processing, year-end IRS reporting and other services).

Real Estate and Accumulated Dep

Real Estate and Accumulated Depreciation - Schedule III	12 Months Ended
	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Real Estate and Accumulated Depreciation, Schedule III	Initial Costs Subsequent to Acquisition Property (In thousands) State Acquisition Date Encumbrances at December 31, 2015 Land Building and Improvements Building and Gross Amount at December 31,2015 (1)(2) Accumulated Depreciation (3)(4) Fresenius Medical Care - Winfield (5) AL 5/10/2013 $ — $ 151 $ 1,568 $ — $ 1,719 $ 123 Adena Health Center - Jackson (5) OH 6/28/2013 — 242 4,494 — 4,736 291 Ouachita Community Hospital - West Monroe LA 7/12/2013 — 633 5,304 — 5,937 350 CareMeridian - Littleton CO 8/8/2013 — 976 8,900 — 9,876 948 Oak Lawn Medical Center - Oak Lawn (5) IL 8/21/2013 — 835 7,477 — 8,312 566 Surgery Center of Temple - Temple (5) TX 8/30/2013 — 225 5,208 — 5,433 315 Greenville Health System - Greenville (5) SC 10/10/2013 — 720 3,045 — 3,765 176 Arrowhead Medical Plaza II - Glendale AZ 2/21/2014 — — 9,707 216 9,923 573 Village Center Parkway - Stockbridge GA 2/21/2014 — 1,135 2,299 131 3,565 154 Stockbridge Family Medical - Stockbridge GA 2/21/2014 — 823 1,799 11 2,633 98 Creekside MOB - Douglasville GA 4/30/2014 — 2,709 5,320 169 8,198 290 Bowie Gateway Medical Center - Bowie MD 5/7/2014 5,969 983 10,321 — 11,304 467 Campus at Crooks & Auburn Building D - Rochester Hills MI 5/19/2014 — 640 4,107 — 4,747 185 Medical Center of New Windsor - New Windsor NY 5/22/2014 8,720 — 10,566 323 10,889 483 Plank Medical Center - Clifton Park NY 5/22/2014 3,461 749 3,559 25 4,333 171 Cushing Center - Schenectady NY 5/23/2014 4,184 — 12,489 7 12,496 559 Berwyn Medical Center - Berwyn (5) IL 5/29/2014 — 1,305 7,559 — 8,864 312 Countryside Medical Arts - Safety Harbor FL 5/30/2014 5,992 915 7,663 60 8,638 344 St. Andrews Medical Park - Venice FL 5/30/2014 6,623 1,666 9,944 36 11,646 455 Campus at Crooks & Auburn Building C - Rochester Hills MI 6/3/2014 3,555 609 3,842 130 4,581 177 Slingerlands Crossing Phase I - Bethlehem NY 6/13/2014 6,680 3,865 5,919 — 9,784 272 Slingerlands Crossing Phase II - Bethlehem NY 6/13/2014 7,777 1,707 9,715 148 11,570 431 UC Davis MOB - Elk Grove (5) CA 7/15/2014 — 1,138 7,242 — 8,380 306 Laguna Professional Center - Elk Grove (5) CA 7/15/2014 — 1,811 14,598 — 16,409 608 Big Spring Care Center - Humansville MO 7/31/2014 — 230 6,514 — 6,744 346 Buffalo Prairie Care Center - Buffalo MO 7/31/2014 — 230 4,098 — 4,328 241 Cassville Health Care & Rehab - Cassville MO 7/31/2014 — 250 3,774 — 4,024 190 Country Aire Retirement Estates - Lewistown MO 7/31/2014 — 400 4,546 — 4,946 283 Edgewood Manor Nursing Home - Raytown MO 7/31/2014 — 591 851 — 1,442 48 Georgian Gardens - Potosi MO 7/31/2014 — 500 6,359 — 6,859 387 Gregory Ridge Living Center - Kansas City MO 7/31/2014 — 590 4,043 — 4,633 276 Marshfield Care Center - Marshfield MO 7/31/2014 — 310 4,052 — 4,362 251 Initial Costs Subsequent to Acquisition Property (In thousands) State Acquisition Date Encumbrances at December 31, 2015 Land Building and Improvements Building and Gross Amount at December 31,2015 (1)(2) Accumulated Depreciation (3)(4) Parkway Health Care Center - Kansas City MO 7/31/2014 — 630 4,229 — 4,859 232 Estate at Hyde Park - Tampa (5) FL 7/31/2014 — 1,777 20,153 — 21,930 902 Autumn Ridge of Clarkston - Clarkston (5) MI 8/12/2014 — 655 19,834 78 20,567 905 Sunnybrook of Burlington - Burlington (5) IA 8/26/2014 — 518 16,651 16 17,185 722 Sunnybrook of Carroll - Carroll (5) IA 8/26/2014 — 473 11,150 15 11,638 444 Sunnybrook of Fairfield - Fairfield (5) IA 8/26/2014 — 340 14,028 37 14,405 621 Sunnybrook of Ft. Madison - Ft. Madison (5) IA 8/26/2014 — 550 9,024 17 9,591 397 Sunnybrook of Mt. Pleasant - Mt. Pleasant (5) IA 8/26/2014 — 205 10,811 115 11,131 397 Sunnybrook of Muscatine - Muscatine IA 8/26/2014 — 302 13,752 16 14,070 553 Prairie Hills at Cedar Rapids -Cedar Rapids (5) IA 8/26/2014 — 195 8,544 9 8,748 340 Prairie Hills at Clinton - Clinton (5) IA 8/26/2014 — 890 18,801 24 19,715 771 Prairie Hills at Des Moines - Des Moines IA 8/26/2014 — 647 13,645 31 14,323 612 Prairie Hills at Tipton - Tipton IA 8/26/2014 — 306 10,370 — 10,676 382 Prairie Hills at Independence - Independence (5) IA 8/26/2014 — 473 10,534 3 11,010 412 Prairie Hills at Ottumwa - Ottumwa (5) IA 8/26/2014 — 538 9,100 24 9,662 382 Sunnybrook of Burlington - Land - Burlington IA 8/26/2014 — 620 — — 620 — Benedictine Cancer Center - Kingston NY 8/27/2014 6,811 — 13,274 — 13,274 462 Buchanan Meadows - Buchanan MI 8/29/2014 — 288 6,988 — 7,276 304 Crystal Springs - Kentwood MI 8/29/2014 — 661 14,507 — 15,168 696 Golden Orchards - Fennville MI 8/29/2014 — 418 5,318 — 5,736 215 Lakeside Vista - Holland MI 8/29/2014 — 378 12,196 — 12,574 518 Liberty Court - Dixon IL 8/29/2014 — 119 1,957 — 2,076 93 Prestige Centre - Buchanan MI 8/29/2014 — 297 2,207 — 2,504 112 Prestige Commons - Chesterfield Twp MI 8/29/2014 — 318 5,346 — 5,664 216 Prestige Pines - Dewitt MI 8/29/2014 — 476 3,065 — 3,541 176 Prestige Place - Clare MI 8/29/2014 — 59 1,169 — 1,228 98 Prestige Point - Grand Blanc MI 8/29/2014 — 268 3,037 — 3,305 156 Prestige Way - Holt MI 8/29/2014 — 527 5,269 — 5,796 264 The Atrium - Rockford IL 8/29/2014 — 367 4,385 — 4,752 202 Waldon Woods - Wyoming MI 8/29/2014 — 527 5,696 — 6,223 332 Whispering Woods - Grand Rapids MI 8/29/2014 — 806 12,204 — 13,010 596 Arrowhead Medical Plaza I - Glendale AZ 9/10/2014 — — 6,377 53 6,430 218 Initial Costs Subsequent to Acquisition Property (In thousands) State Acquisition Date Encumbrances at December 31, 2015 Land Building and Improvements Building and Gross Amount at December 31,2015 (1)(2) Accumulated Depreciation (3)(4) Golden Years - Harrisonville MO 9/11/2014 — 620 8,401 — 9,021 435 Cardiovascular Consultants of Cape Girardeau Medical Office Building- Cape Girardeau (5) MO 9/18/2014 — 1,624 5,303 — 6,927 247 FOC Clinical - Mechanicsburg (5) PA 9/26/2014 — — 19,634 — 19,634 699 Brady MOB - Harrisburg (5) PA 9/26/2014 — — 22,485 — 22,485 709 Community Health MOB - Harrisburg (5) PA 9/26/2014 — — 6,170 — 6,170 199 FOC I - Mechanicsburg (5) PA 9/26/2014 — — 8,923 21 8,944 326 FOC II - Mechanicsburg (5) PA 9/26/2014 — — 16,473 — 16,473 591 Landis Memorial - Harrisburg (5) PA 9/26/2014 — — 32,484 — 32,484 1,028 Copper Springs Senior Living - Meridian (5) ID 9/29/2014 — 498 7,053 71 7,622 376 Benton House - Brunswick - Brunswick (5) GA 9/30/2014 — 1,509 14,385 7 15,901 608 Benton House - Dublin - Dublin (5) GA 9/30/2014 — 403 9,254 20 9,677 425 Benton House - Johns Creek - Johns Creek (5) GA 9/30/2014 — 997 11,849 51 12,897 512 Benton House - Lee's Summit - Lee's Summit (5) MO 9/30/2014 — 2,734 24,970 15 27,719 975 Benton House - Roswell - Roswell (5) GA 9/30/2014 — 1,000 8,509 69 9,578 413 Benton House - Titusville - Titusville (5) FL 9/30/2014 — 1,379 13,827 70 15,276 626 Allegro at Elizabethtown - Elizabethtown (5) KY 9/30/2014 — 317 7,261 124 7,702 351 Allegro at Jupiter - Jupiter (5) FL 9/30/2014 — 3,741 49,413 49 53,203 1,938 Allegro at St Petersburg - St Petersburg (5) FL 9/30/2014 — 3,791 7,950 143 11,884 483 Allegro at Stuart - Stuart (5) FL 9/30/2014 — 5,018 60,505 102 65,625 2,423 Allegro at Tarpon - Tarpon Springs (5) FL 9/30/2014 — 2,360 13,412 42 15,814 680 Allegro at St Petersburg - Land - St Petersburg FL 9/30/2014 — 3,045 — — 3,045 — Gateway Medical Office Building - Clarksville TN 10/3/2014 — — 16,367 242 16,609 531 757 Building - Munster (5) IN 10/17/2014 — 645 7,885 — 8,530 241 Dyer Building - Dyer (5) IN 10/17/2014 — 601 8,867 67 9,535 269 759 Building - Munster (5) IN 10/17/2014 — 1,101 8,899 — 10,000 279 761 Building - Munster (5) IN 10/17/2014 — 1,436 8,580 — 10,016 279 Schererville Building - Schererville IN 10/17/2014 — 1,260 750 96 2,106 42 Nuvista at Hillsborough - Lutz FL 10/17/2014 — 913 17,176 — 18,089 896 Nuvista at Wellington Green - Wellington (5) FL 10/17/2014 — 4,273 42,098 — 46,371 1,838 Mount Vernon Medical Office Building - Mount Vernon WA 11/25/2014 — — 18,519 — 18,519 544 Meadowbrook Senior Living - Agoura Hills (5) CA 11/25/2014 — 8,821 48,454 10 57,285 1,523 Initial Costs Subsequent to Acquisition Property (In thousands) State Acquisition Date Encumbrances at December 31, 2015 Land Building and Improvements Building and Gross Amount at December 31,2015 (1)(2) Accumulated Depreciation (3)(4) Hampton River Medical Arts Building - Hampton (5) VA 12/3/2014 — — 17,706 — 17,706 542 Careplex West Medical Office Building- Hampton (5) VA 12/3/2014 — 2,628 16,098 — 18,726 465 Wellington at Hershey's Mill - West Chester (5) PA 12/3/2014 — 8,531 78,409 334 87,274 2,431 Eye Specialty Group Medical Building - Memphis (5) TN 12/5/2014 — 775 7,223 — 7,998 205 Benton House - Alpharetta GA 12/10/2014 — 1,604 26,055 10 27,669 890 Benton House - Prairie Village - Prairie Village (5) KS 12/10/2014 — 1,782 21,831 7 23,620 767 Medical Sciences Pavilion - Harrisburg (5) PA 12/15/2014 — — 22,309 — 22,309 612 Bloom MOB - Harrisburg (5) PA 12/15/2014 — — 15,928 20 15,948 450 Pinnacle Center - Southaven (5) MS 12/16/2014 — 1,378 6,418 189 7,985 201 Wood Glen Nursing and Rehab Center - West Chicago IL 12/16/2014 — 1,896 16,107 — 18,003 654 Paradise Valley Medical Plaza - Phoenix (5) AZ 12/29/2014 — — 25,187 358 25,545 671 Victory Medical Center at Craig Ranch - McKinney TX 12/30/2014 — 1,596 40,389 4 41,989 1,031 Capitol Healthcare & Rehab Centre - Springfield IL 12/31/2014 — 603 21,690 — 22,293 853 Colonial Healthcare & Rehab Centre- Princeton IL 12/31/2014 — 173 5,872 — 6,045 301 Morton Terrace Healthcare & Rehab Centre - Morton IL 12/31/2014 — 709 5,650 — 6,359 296 Morton Villa Healthcare & Rehab Centre - Morton IL 12/31/2014 — 645 3,665 — 4,310 178 Rivershores Healthcare & Rehab Centre - Marseilles IL 12/31/2014 — 1,276 6,869 — 8,145 296 The Heights Healthcare & Rehab Centre - Peoria Heights IL 12/31/2014 — 213 7,952 — 8,165 359 Specialty Hospital - Mesa AZ 1/14/2015 — 1,977 16,146 266 18,389 417 Specialty Hospital - Sun City AZ 1/14/2015 — 2,329 15,795 274 18,398 411 Benton House - Shoal Creek - Kansas City (5) MO 2/2/2015 — 3,723 22,206 10 25,939 650 Aurora Health Center - Green Bay (6) WI 3/18/2015 — 1,130 1,678 — 2,808 41 Aurora Health Center - Greenville (6) WI 3/18/2015 — 259 958 — 1,217 25 Aurora Health Center - Plymouth (6) WI 3/18/2015 — 2,891 24,224 — 27,115 525 Aurora Health Center - Waterford (6) WI 3/18/2015 — 590 6,452 — 7,042 135 Aurora Health Center - Wautoma (6) WI 3/18/2015 — 1,955 4,361 — 6,316 95 Aurora Sheyboyan Clinic - Kiel (6) WI 3/18/2015 — 676 2,214 — 2,890 48 Arbor View Assisted Living and Memory Care - Burlington WI 3/31/2015 — 367 7,815 — 8,182 226 Advanced Orthopedic Medical Center - Richmond (5) VA 4/7/2015 — 1,523 19,229 — 20,752 383 Palm Valley Medical Plaza - Goodyear AZ 4/7/2015 3,525 1,890 4,876 29 6,795 109 Physicians Plaza of Roane County - Harriman (5) TN 4/27/2015 — 1,746 7,813 — 9,559 147 Adventist Health Lacey Medical Plaza - Hanford (5) CA 4/29/2015 — 328 13,267 — 13,595 225 Initial Costs Subsequent to Acquisition Property (In thousands) State Acquisition Date Encumbrances at December 31, 2015 Land Building and Improvements Building and Gross Amount at December 31,2015 (1)(2) Accumulated Depreciation (3)(4) Commercial Center - Peoria AZ 5/15/2015 — 959 1,076 31 2,066 24 Medical Center I - Peoria AZ 5/15/2015 — 807 1,077 231 2,115 36 Medical Center II - Peoria AZ 5/15/2015 — 945 1,304 41 2,290 31 Medical Center III - Peoria AZ 5/15/2015 — 673 1,597 48 2,318 32 Dental Arts Building - Peoria AZ 5/15/2015 — 156 152 6 314 3 Redwood Radiology and Outpatient Center - Santa Rosa (5) CA 6/17/2015 — 3,701 11,314 — 15,015 152 Morrow Medical Center - Morrow GA 6/24/2015 — 1,155 5,618 6 6,779 77 Belmar Medical Building - Lakewood CO 6/29/2015 — 819 4,273 — 5,092 58 Addington Place of Northville - Northville MI 6/30/2015 — 440 14,975 6 15,421 241 Medical Center V - Peoria AZ 7/10/2015 3,231 1,089 3,145 37 4,271 44 Legacy Medical Village - Plano (5) TX 7/10/2015 — 3,755 31,021 — 34,776 417 Conroe Medical Arts and Surgery Center - Conroe (5) TX 7/10/2015 — 1,965 12,032 — 13,997 175 Scripps Cedar Medical Center - Vista (5) CA 8/6/2015 — 1,213 14,531 — 15,744 157 NuVista Institute for Healthy Living - Jupiter FL 8/7/2015 — 10,000 — — 10,000 — Ocean Park of Brookings - Brookings OR 9/1/2015 — 861 8,367 — 9,228 92 Ramsey Woods - Cudahy WI 10/2/2015 — 930 4,990 — 5,920 44 East Coast Square North - Morehead City NC 10/15/2015 — 899 4,761 — 5,660 32 East Coast Square West - Cedar Point NC 10/15/2015 — 1,535 4,803 — 6,338 33 Eastside Cancer Institute - Greenville SC 10/22/2015 — 1,498 6,637 — 8,135 30 Sassafras Medical Building - Erie PA 10/22/2015 — 928 4,538 — 5,466 20 Sky Lakes Klamath Medical Clinic - Klamath Falls OR 10/22/2015 — 433 2,604 — 3,037 12 Courtyard Fountains - Gresham OR 12/1/2015 24,999 2,476 50,534 — 53,010 130 Presence Healing Arts Pavilion - New Lenox IL 12/4/2015 — — 6,761 — 6,761 15 Mainland Medical Arts Pavilion - Texas City TX 12/4/2015 — 320 7,823 — 8,143 18 Renaissance on Peachtree - Atlanta GA 12/15/2015 — 4,535 68,605 9 73,149 171 Fox Ridge Senior Living at Bryant - Bryant AR 12/29/2015 7,825 1,687 12,862 — 14,549 — Fox Ridge Senior Living at Chenal - Little Rock AR 12/29/2015 17,801 6,896 20,484 — 27,380 — Fox Ridge Senior Living at Parkstone - North Little Rock AR 12/29/2015 11,045 — 19,190 — 19,190 — Initial Costs Subsequent to Acquisition Property (In thousands) State Acquisition Date Encumbrances at December 31, 2015 Land Building and Improvements Building and Gross Amount at December 31,2015 (1)(2) Accumulated Depreciation (3)(4) Autumn Leaves of Clear Lake - Houston TX 12/31/2015 — 1,599 13,194 — 14,793 — Autumn Leaves of Cy-Fair - Houston TX 12/31/2015 — 1,225 11,335 — 12,560 — Autumn Leaves of Meyerland- Houston TX 12/31/2015 — 2,033 13,410 — 15,443 — Autumn Leaves of the Woodlands - The Woodlands TX 12/31/2015 — 2,413 9,140 — 11,553 — Encumbrances allocated based on note below (6) 31,257 Total $ 159,455 $ 192,790 $ 1,880,904 $ 4,809 $ 2,078,503 $ 60,575 ___________________________________ (1) Acquired intangible lease assets allocated to individual properties in the amount of $241.5 million are not reflected in the table above. (2) The tax basis of aggregate land, buildings and improvements as of December 31, 2015 is $2.2 billion (unaudited). (3) The accumulated depreciation column excludes $86.1 million of amortization associated with acquired intangible lease assets. (4) Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements and five years for fixtures. (5) These unencumbered properties collateralize a Credit Facility of up to $565.0 million , which had $430.0 million of outstanding borrowings as of December 31, 2015 . (6) These properties cross collateralize a mortgage note payable of $31.3 million as of December 31, 2015 . A summary of activity for real estate and accumulated depreciation for the years ended December 31, 2015 , 2014 and 2013 : December 31, (In thousands) 2015 2014 2013 Real estate investments, at cost: Balance at beginning of year $ 1,475,848 $ 39,778 $ — Additions-Acquisitions 602,655 1,436,070 39,778 Disposals — — — Balance at end of the year $ 2,078,503 $ 1,475,848 $ 39,778 Accumulated depreciation and amortization: Balance at beginning of year $ 11,791 $ 814 $ — Depreciation expense 48,784 10,977 814 Disposals — — — Balance at end of the year $ 60,575 $ 11,791 $ 814 See accompanying report of independent registered public accounting firm.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting The accompanying consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States ("GAAP").
Reclassifications	Reclassifications Certain prior year amounts within straight-line rent receivable, net, prepaid expenses and other assets, rental income, resident services and fee income, cash flows from operating activities and cash flows from financing activities have been reclassified to conform with the current year presentation.
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries and consolidated joint venture arrangements in which the Company has controlling financial interests. The portions of the consolidated joint venture arrangements not owned by the Company were presented as non-controlling interests as of and during the period consolidated. All inter-company accounts and transactions have been eliminated in consolidation. The Company evaluates its relationships and investments to determine if it has variable interests. A variable interest is an investment or other interest that will absorb portions of an entity's expected losses or receive portions of the entity's expected residual returns. If the Company determines that it has a variable interest in an entity, it evaluates whether such interest is in a variable interest entity ("VIE"). A VIE is broadly defined as an entity where either (1) the equity investors as a group, if any, lack the power through voting or similar rights to direct the activities of an entity that most significantly impact the entity's economic performance or (2) the equity investment at risk is insufficient to finance that entity's activities without additional subordinated financial support. The Company consolidates any VIEs when it is determined to be the primary beneficiary of the VIE's operations. A variable interest holder is considered to be the primary beneficiary of a VIE if it has the power to direct the activities of a VIE that most significantly impact the entity's economic performance and has the obligation to absorb losses of, or the right to receive benefits from, the entity that could potentially be significant to the VIE. The Company qualitatively assesses whether it is (or is not) the primary beneficiary of a VIE. Consideration of various factors include, but are not limited to, the Company's ability to direct the activities that most significantly impact the entity's economic performance, its form of ownership interest, its representation on the entity's governing body, the size and seniority of its investment, its ability and the rights of other investors to participate in policy making decisions and to replace the manager of and/or liquidate the entity. The Company continually evaluates the need to consolidate joint ventures based on standards set forth in GAAP. In determining whether the Company has a controlling interest in a joint venture and the requirement to consolidate the accounts of that entity, management considers factors such as ownership interest, power to make decisions and contractual and substantive participating rights of the partners/members as well as whether the entity is a VIE for which the Company is the primary beneficiary.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, real estate taxes, fair value measurements and income taxes, as applicable.
Real Estate Investments	Real Estate Investments Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are recorded as an expense in the consolidated statement of operations. If an acquisition qualifies as an asset acquisition, the related transaction costs are generally capitalized and subsequently amortized over the useful life of the acquired assets. In business combinations, the Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets or liabilities based on their respective fair values. Tangible assets may include land, land improvements, buildings and fixtures. Intangible assets may include the value of in-place leases and above- and below-market leases and other identifiable intangible assets or liabilities based on lease or property specific characteristics. In addition, any assumed mortgages receivable or payable and any assumed or issued non-controlling interests are recorded at their estimated fair values. The Company generally determines the value of construction in progress based upon the replacement cost. During the construction period, we capitalize interest, insurance and real estate taxes until the development has reached substantial completion. The fair value of the tangible assets of an acquired property with an in-place operating lease is determined by valuing the property as if it were vacant, and the “as-if-vacant” value is then allocated to the tangible assets based on the fair value of the tangible assets. The fair value of in-place leases is determined by considering estimates of carrying costs during the expected lease-up periods, current market conditions, as well as costs to execute similar leases. The fair value of above- or below-market leases is recorded based on the present value of the difference between the contractual amount to be paid pursuant to the in-place lease and the Company’s estimate of the fair market lease rate for the corresponding in-place lease, measured over the remaining term of the lease including any below-market fixed rate renewal options for below-market leases. In making estimates of fair values for purposes of allocating purchase price, the Company utilizes a number of sources, including real estate valuations prepared by independent valuation firms. The Company also considers information and other factors including market conditions, the industry that the tenant operates in, characteristics of the real estate, i.e. location, size, demographics, value and comparative rental rates, tenant credit profile and the importance of the location of the real estate to the operations of the tenant’s business. In allocating the fair value to assumed mortgages, amounts are recorded to debt premiums or discounts based on the present value of the estimated cash flows, which is calculated to account for either above- or below-market interest rates. In allocating non-controlling interests, amounts are recorded based on the fair value of units issued or percentage of investment contributed at the date of acquisition, as determined by the terms of the applicable agreement. Real estate investments that are intended to be sold are designated as "held for sale" on the consolidated balance sheets at the lesser of carrying amount or fair value less estimated selling costs when they meet specific criteria to be presented as held for sale. Real estate investments are no longer depreciated when they are classified as held for sale. If the disposal, or intended disposal, of certain real estate investments represents a strategic shift that has had or will have a major effect on the Company's operations and financial results, the operations of such real estate investments would be presented as discontinued operations in the consolidated statements of operations and comprehensive loss for all applicable periods. The Company had not sold and did not intend to sell any properties as of December 31, 2015 and 2014 .
Depreciation and Amortization	Depreciation and Amortization Depreciation is computed using the straight-line method over the estimated useful lives of up to 40 years for buildings, 15 years for land improvements, five years for fixtures and improvements, and the shorter of the useful life or the remaining lease term for tenant improvements and leasehold interests. Construction in progress, including capitalized interest, insurance and real estate taxes, is not depreciated until the development has reached substantial completion. The assumed mortgage premiums or discounts are amortized as an increase or reduction to interest expense over the remaining term of the respective mortgages. Capitalized above-market lease values are amortized as a reduction of rental income over the remaining terms of the respective leases. Capitalized below-market lease values are accreted as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods. Capitalized above-market ground lease values are accreted as a reduction of property operating expense over the remaining terms of the respective leases. Capitalized below-market ground lease values are amortized as an increase to property operating expense over the remaining terms of the respective leases and expected below-market renewal option periods. The value of in-place leases, exclusive of the value of above-market and below-market in-place leases, is amortized to expense over the remaining periods of the respective leases. For the years ended December 31, 2015 , 2014 and 2013 , amortization of in-place leases and other intangible assets of $75.2 million , $17.9 million and $0.3 million , respectively, is included in depreciation and amortization expense on the consolidated statements of operations and comprehensive loss. For the years ended December 31, 2015 2014 and 2013 , net amortization of intangible market lease assets and liabilities relating to assumed tenant leases of $0.4 million , $0.6 million and approximately $13,000 respectively, is deducted from rental income on the consolidated statements of operations and comprehensive loss. For the year ended December 31, 2015 and 2014 , net amortization of intangible market lease assets and liabilities related to assumed leasehold interests of $0.2 million and approximately $29,000 , respectively, is included in property operating and maintenance expense on the consolidated statements of operations and comprehensive loss. The Company did not have any intangible market lease assets or liabilities related to assumed leasehold interest and therefore did not have amortization of intangible market lease assets and liabilities related to assumed leasehold interests included in property operating and maintenance expense on the consolidated statements of operations and comprehensive loss during the year ended December 31, 2013 . The following table provides the projected amortization expense and adjustments to revenues for the next five years: (In thousands) 2016 2017 2018 2019 2020 In-place lease assets $ 34,526 $ 16,322 $ 14,031 $ 11,465 $ 9,106 Other intangible assets 265 265 265 265 265 Total to be added to amortization expense $ 34,791 $ 16,587 $ 14,296 $ 11,730 $ 9,371 Above-market lease assets $ (2,210 ) $ (1,888 ) $ (1,367 ) $ (1,079 ) $ (737 ) Below-market lease liabilities 2,430 2,115 1,886 1,605 1,450 Total to be added to rental income $ 220 $ 227 $ 519 $ 526 $ 713 Below-market ground lease assets $ 212 $ 212 $ 212 $ 212 $ 212 Above-market ground lease liabilities (39 ) (39 ) (39 ) (39 ) (39 ) Total to be added to property operating and maintenance expense $ 173 $ 173 $ 173 $ 173 $ 173
Impairment of Long-Lived Assets	Impairment of Long Lived Assets If circumstances indicate that the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. Impairment assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents includes cash in bank accounts as well as investments in highly-liquid money market funds with original maturities of three months or less.
Restricted Cash	Restricted Cash Restricted cash generally consists of resident security deposits and reserves related to real estate taxes, maintenance, structural improvements, and debt service.
Investments in Securities	Investments in Securities The Company classifies its investments in debt or equity securities into one of three classes: held-to-maturity, available-for-sale or trading, as applicable. Investments in debt securities that the Company has the positive intent and ability to hold until maturity are classified as held-to-maturity and are reported at amortized cost. Debt and equity securities that are bought and held principally for the purposes of selling them in the near future are classified as trading securities. Debt and equity securities not classified as trading securities or as held-to-maturity securities are classified as available-for-sale securities and are reported at fair value, with unrealized holding gains and losses reported as a component of equity within accumulated other comprehensive income or loss. Gains or losses on securities sold are based on the specific identification method. The Company evaluates its investments in securities for impairment or other-than-temporary impairment on a quarterly basis. The Company reviews each investment individually and assesses factors that may include (i) if the carrying amount of an investment exceeds its fair value, (ii) if there has been any change in the market as a whole or in the investee’s market, (iii) if there are any plans to sell the investment in question or if the Company believes it may be forced to sell its investment, and (iv) if there have been any other factors that would indicate the possibility of the existence of an other-than-temporary impairment. The fair value of the Company’s investments in available-for-sale securities generally rise and fall based on current market conditions. If, after reviewing relevant factors surrounding an impaired security, the Company determines that it will not recover its full investment in an impaired security, the Company recognizes an other-than-temporary impairment charge in the consolidated statements of operations and comprehensive loss in the period in which the other-than-temporary impairment is determined, regardless of whether or not the Company plans to sell or believes it will be forced to sell the security in question.
Deferred Costs, Net	Deferred Costs, Net Deferred costs, net, consists of deferred financing costs and deferred leasing costs. Deferred financing costs represent commitment fees, legal fees, and other costs associated with obtaining commitments for financing. These costs are amortized over the terms of the respective financing agreements using the effective interest method and included in interest expense on the accompanying consolidated statements of operations and comprehensive loss. Unamortized deferred financing costs are expensed if the associated debt is refinanced or repaid before maturity. Costs incurred in seeking financial transactions that do not close are expensed in the period in which it is determined that the financing will not close.
Revenue Recognition	Revenue Recognition The Company's rental income is primarily related to rent received from tenants in MOBs and triple-net leased healthcare facilities. Rent from tenants in the Company's MOB and triple-net leased healthcare facilities operating segments (as discussed below) is recorded in accordance with the terms of each lease on a straight-line basis over the initial term of the lease. Because many of the leases provide for rental increases at specified intervals, GAAP requires the Company to record a receivable, and include in revenues on a straight-line basis, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation. Cost recoveries from tenants are included in operating expense reimbursement in the period the related costs are incurred, as applicable. Resident services and fee income primarily relates to rent from residents in the Company's seniors housing — operating properties ("SHOP") held using a structure permitted by the REIT Investment Diversification and Empowerment Act of 2007 and to fees for ancillary services performed for SHOP residents. Rental income from residents in the Company's SHOP operating segment is recognized as earned. Residents pay monthly rent that covers occupancy of their unit and basic services, including utilities, meals and some housekeeping services. The terms of the rent are short term in nature, primarily month-to-month. Fees for ancillary services are recorded in the period in which the services are performed. The Company defers the revenue related to lease payments received from tenants and residents in advance of their due dates. The Company continually reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant's payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company records an increase in the allowance for uncollectible accounts on the consolidated balance sheets or records a direct write-off of the receivable in the consolidated statements of operations.
Offering and Related Costs	Offering and Related Costs Offering and related costs include all expenses incurred in connection with the IPO. Offering costs of the Company (other than selling commissions and the dealer manager fee, as discussed in Note 9 — Related Party Transactions and Arrangements ) may be paid by the Advisor, the Former Dealer Manager or their affiliates on behalf of the Company. Offering and related costs included (i) legal, accounting, printing, mailing, and filing fees; (ii) escrow service related fees; (iii) reimbursement of the Former Dealer Manager for amounts it paid to reimburse the itemized and detailed due diligence expenses of broker-dealers; and (iv) reimbursement to the Advisor for a portion of the costs of its employees and other costs in connection with preparing supplemental sales materials and related offering activities. The Company was obligated to reimburse the Advisor or its affiliates, as applicable, for offering costs paid by them on behalf of the Company, provided that the Advisor was obligated to reimburse the Company to the extent offering costs (excluding selling commissions and the dealer manager fee) incurred by the Company in its offering exceed 2.0% of offering proceeds, net of repurchases and DRIP. As a result, these costs were only a liability of the Company to the extent aggregate selling commissions, the dealer manager fees and other organization and offering costs did not exceed 12.0% of the gross proceeds determined at the end of the IPO. As of the end of the IPO in November 2014, cumulative offering costs did not exceed 12.0% of the gross proceeds received in the IPO (See Note 9 — Related Party Transactions and Arrangements ).
Share-Based Compensation	Equity-Based Compensation The Company has a stock-based incentive award plan for its directors, which is accounted for under the guidance of share based payments. The expense for such awards is included in general and administrative expenses and is recognized over the vesting period or when the requirements for exercise of the award have been met (See Note 11 — Equity-Based Compensation ).
Income Taxes	As of December 31, 2015 , the Company, through its TRS entity, owned 38 seniors housing communities. The TRS entity is a wholly-owned subsidiary of the OP. A TRS is subject to federal, state and local income taxes. The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. In the event the Company determines that it would not be able to realize the deferred income tax assets in the future in excess of the net recorded amount, the Company establishes a valuation allowance which offsets the previously recognized income tax benefit. Deferred income taxes result from temporary differences between the carrying amounts of the TRS's assets and liabilities used for financial reporting purposes and the amounts used for income tax purposes. Significant components of the deferred tax assets and liabilities as of December 31, 2015 consisted of deferred rent and depreciation. As of December 31, 2015 , the Company had a deferred tax asset of $2.9 million with no valuation allowance. As of December 31, 2014 , the Company had a deferred tax asset of $0.7 million and a valuation allowance of $0.7 million . The following table details the composition of the Company's tax benefit (expense) for the years ended December 31, 2015 , 2014 and 2013 , which includes federal and state income taxes incurred by the Company's TRS entity. The Company estimated its income tax benefit (expense) relating to its TRS entity using a combined federal and state rate of approximately 40.2% and 39.6% for the years ended December 31, 2015 and 2014 , respectively. These income taxes are reflected in income tax benefit (expense) on the accompanying consolidated statements of operations and comprehensive loss. Years Ended December 31, 2015 2014 2013 (In thousands) Current Deferred Current Deferred Current Deferred Federal benefit (expense) $ 1,667 $ 762 $ (450 ) $ — $ — $ — State benefit (expense) 358 191 (115 ) — 5 — Total $ 2,025 $ 953 $ (565 ) $ — $ 5 $ — As of December 31, 2015 and 2014 , the Company had no material uncertain income tax positions. The tax years subsequent to and including the fiscal year ended December 31, 2012 remain open to examination by the major taxing jurisdictions to which the Company is subject. The amount of distributions payable to the Company's stockholders is determined by the board of directors and is dependent on a number of factors, including funds available for distribution, financial condition, capital expenditure requirements, as applicable, and annual distribution requirements needed to qualify and maintain the Company's status as a REIT under the Code. Income Taxes The Company elected and qualified to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986 (the "Code"), as amended, commencing with the taxable year ended December 31, 2013. If the Company continues to qualify for taxation as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes all of its REIT taxable income to its stockholders. REITs are subject to a number of organizational and operational requirements, including a requirement that the Company distribute annually at least 90% of the Company’s REIT taxable income to the Company’s stockholders. If the Company fails to continue to qualify as a REIT in any taxable year and does not qualify for certain statutory relief provisions, the Company will be subject to U.S. federal and state income taxes at regular corporate rates (including any applicable alternative minimum tax) beginning with the year in which it fails to qualify and may be precluded from being able to elect to be treated as a REIT for the Company’s four subsequent taxable years. The Company distributed to its stockholders 100% of its REIT taxable income for each of the years ended December 31, 2015 , 2014 and 2013 . Accordingly, no provision for federal or state income taxes related to such REIT taxable income was recorded in the Company's financial statements. Even if the Company continues to qualify for taxation as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
Per Share Data	Per Share Data Net income (loss) per basic share of common stock is calculated by dividing net income (loss) by the weighted-average number of shares of common stock issued and outstanding during such period. Diluted net income (loss) per share of common stock considers the effect of potentially dilutive shares of common stock outstanding during the period.
Reportable Segments	Reportable Segments The Company has determined that it has three reportable segments, with activities related to investing in MOBs, triple-net leased healthcare facilities, and seniors housing communities. Management evaluates the operating performance of the Company's investments in real estate and seniors housing communities on an individual property level.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued revised guidance relating to revenue recognition. Under the revised guidance, an entity is required to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The revised guidance was to become effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption was not permitted under GAAP. The revised guidance allows entities to apply the full retrospective or modified retrospective transition method upon adoption. In July 2015, the FASB deferred the effective date of the revised guidance by one year to annual reporting periods beginning after December 15, 2017, although entities will be allowed to early adopt the guidance as of the original effective date. The Company has not yet selected a transition method and is currently evaluating the impact of this new guidance. In January 2015, the FASB issued updated guidance that eliminates from GAAP the concept of an event or transaction that is unusual in nature and occurs infrequently being treated as an extraordinary item. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Any amendments may be applied either prospectively or retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company elected to adopt this new guidance as of September 30, 2015. The adoption of this guidance did not have a material impact to the Company's consolidated financial position, results of operations and cash flows. In February 2015, the FASB amended the accounting for consolidation of certain legal entities. The amendments modify the evaluation of whether certain legal entities are variable interest entities ("VIEs") or voting interest entities, eliminate the presumption that a general partner should consolidate a limited partnership and affect the consolidation analysis of reporting entities that are involved with VIEs (particularly those that have fee arrangements and related party relationships). The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption was permitted, including adoption in an interim period. The Company has elected to adopt this guidance effective January 1, 2016. The Company has assessed the impact from the adoption of this revised guidance and has determined that there will be no material impact to its financial position, results of operations and cash flows. In April 2015, the FASB amended the presentation of debt issuance costs on the balance sheet. The amendment requires that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability. In August 2015, the FASB added that, for line of credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line, regardless of whether or not there are any outstanding borrowings. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption was permitted for financial statements that have not previously been issued. The Company has elected to adopt this guidance effective January 1, 2016. The adoption of this revised guidance will result in the reclassification of $2.2 million of deferred issuance costs related to the Company's mortgage notes payable from deferred costs, net to mortgage notes payable in the Company's consolidated balance sheet as of December 31, 2015. In September 2015, the FASB issued an update that eliminates the requirement to adjust provisional amounts from a business combination and the related impact on earnings by restating prior period financial statements for measurement period adjustments. The new guidance requires that the cumulative impact of measurement period adjustments on current and prior periods, including the prior period impact on depreciation, amortization and other income statement items and their related tax effects, shall be recognized in the period the adjustment amount is determined. The cumulative adjustment would be reflected within the respective financial statement line items affected. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption was permitted. The Company elected to adopt this new guidance as of September 30, 2015. The adoption of this guidance did not have a material impact to the Company's financial position, results of operations and cash flows. In January 2016, the FASB issued an update that amends the recognition and measurement of financial instruments. The new guidance revises an entity’s accounting related to equity investments and the presentation of certain fair value changes for financial liabilities measured at fair value. Among other things, it also amends the presentation and disclosure requirements associated with the fair value of financial instruments. The revised guidance is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is not permitted for most of the amendments in the update. The Company is currently evaluating the impact of this new guidance. In February 2016, the FASB issued an update that sets out the principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The revised guidance is effective on January 1, 2019. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance.

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule of Finite-Lived Intangible Assets	Acquired intangible assets and liabilities consisted of the following as of the periods presented: December 31, 2015 December 31, 2014 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Intangible assets: In-place leases $ 202,608 $ 82,390 $ 120,218 $ 150,953 $ 18,104 $ 132,849 Intangible market lease assets 28,262 3,393 24,869 25,307 1,008 24,299 Other intangible assets 10,589 309 10,280 10,589 44 10,545 Total acquired intangible assets $ 241,459 $ 86,092 $ 155,367 $ 186,849 $ 19,156 $ 167,693 Intangible market lease liabilities $ 25,613 $ 2,619 $ 22,994 $ 19,897 $ 362 $ 19,535
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Schedule of Components of Income Tax Expense (Benefit)	The following table details the composition of the Company's tax benefit (expense) for the years ended December 31, 2015 , 2014 and 2013 , which includes federal and state income taxes incurred by the Company's TRS entity. The Company estimated its income tax benefit (expense) relating to its TRS entity using a combined federal and state rate of approximately 40.2% and 39.6% for the years ended December 31, 2015 and 2014 , respectively. These income taxes are reflected in income tax benefit (expense) on the accompanying consolidated statements of operations and comprehensive loss. Years Ended December 31, 2015 2014 2013 (In thousands) Current Deferred Current Deferred Current Deferred Federal benefit (expense) $ 1,667 $ 762 $ (450 ) $ — $ — $ — State benefit (expense) 358 191 (115 ) — 5 — Total $ 2,025 $ 953 $ (565 ) $ — $ 5 $ —
Summary of Distributions	The following table details from a tax perspective the portion of distributions classified as a return of capital, capital gain dividend income and ordinary dividend income, per share per annum, for the years ended December 31, 2015 , 2014 and 2013 : Years Ended December 31, 2015 2014 2013 Return of capital 97.9 % $ 1.66 93.7 % $ 1.59 97.7 % $ 1.01 Capital gain dividend income 0.3 % 0.01 — % — — % — Ordinary dividend income 1.8 % 0.03 6.3 % 0.11 2.3 % 0.02 Total 100.0 % $ 1.70 100.0 % $ 1.70 100.0 % $ 1.03

Real Estate Investments (Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2015
Real Estate Investments, Net [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table presents the allocation of the assets acquired during the years ended December 31, 2015 , 2014 and 2013 : Years Ended December 31, (Dollar amounts in thousands) 2015 2014 2013 Real estate investments, at cost: Land $ 79,329 $ 109,679 $ 3,782 Buildings, fixtures and improvements 519,185 1,325,721 35,996 Construction in progress 21,309 — — Total tangible assets 619,823 1,435,400 39,778 Acquired intangibles: In-place leases (1) 62,584 145,464 5,489 Market lease and other intangible assets (1) 3,223 34,877 1,019 Market lease liabilities (1) (10,064 ) (19,837 ) (61 ) Total assets and liabilities acquired, net 675,566 1,595,904 46,225 Mortgage notes payable assumed to acquire real estate investments (100,058 ) (66,321 ) — Premiums on mortgages assumed (1,492 ) (3,533 ) — Other assets and liabilities, net (2) (882 ) (9,040 ) (91 ) Deposits for real estate acquisitions (3,000 ) — — OP units issued to acquire real estate — (10,148 ) — Cash paid for acquired real estate investments $ 570,134 $ 1,506,862 $ 46,134 Number of properties purchased 48 111 7 _______________ (1) Weighted-average remaining amortization periods for in-place leases, market lease and other intangible assets and market lease liabilities acquired during the years ended December 31, 2015 were 4.9 , 6.1 and 14.1 years , respectively, as of each property's respective acquisition date. (2) Other assets and liabilities, net includes $0.9 million in tenant security deposits assumed at acquisition for properties acquired during the year ended December 31, 2015 . Other assets and liabilities, net includes $4.2 million in tenant security deposits assumed at acquisition for properties acquired and a $4.8 million capital lease obligation incurred in conjunction with the transaction described below for the year ended December 31, 2014 . Other assets and liabilities, net includes $0.1 million in tenant security deposits assumed at acquisition for properties acquired during the year ended December 31, 2013 .
Business Acquisition, Pro Forma Information	The following table presents unaudited pro forma information as if the acquisitions that were completed during the years ended December 31, 2015 had been consummated on January 1, 2013. Additionally, the unaudited pro forma net loss was adjusted to reclassify acquisition and transaction related expense of $14.6 million from the years ended December 31, 2015 to the years ended December 31, 2014 . Years Ended December 31, (In thousands) 2015 2014 2013 Pro forma revenues (1) $ 302,539 $ 138,872 $ 82,250 Pro forma net loss (1) $ (38,284 ) $ (53,157 ) $ (30,293 ) Basic and diluted pro forma net loss per share $ (0.45 ) $ (1.04 ) $ (14.10 ) ___________________ (1) For the years ended December 31, 2015 , aggregate revenues and net loss derived from the Company's 2015 acquisitions (for the Company's period of ownership) were $25.4 million and $(4.2) million , respectively.
Schedule of Future Minimum Rental Payments for Operating Leases	The following table presents future minimum base rental cash payments due to the Company over the next five years and thereafter as of December 31, 2015 . These amounts exclude contingent rent payments, as applicable, that may be collected from certain tenants based on provisions related to sales thresholds and increases in annual rent based on exceeding certain economic indexes, among other items. (In thousands) Future Minimum 2016 $ 94,110 2017 94,232 2018 89,568 2019 83,333 2020 77,006 Thereafter 510,096 Total $ 948,345
Schedule of Annualized Rental Income by Major Tenants	The following table lists the tenants (including for this purpose, all affiliates of such tenants) whose annualized rental income on a straight-line basis represented 10% or more of consolidated annualized rental income for all properties on a straight-line basis as of December 31, 2015 , 2014 and 2013 : December 31, Tenant 2015 2014 2013 Adena Health System * * 10.8% Advocate Health and Hospitals Corporation * * 10.9% HH/Killeen Health System, LLC * * 12.8% IASIS Healthcare, LLC * * 15.3% National Mentor Holdings, Inc. * * 24.8% _______________________________ * Tenant's annualized rental income on a straight-line basis was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	The following table lists the states where the Company has a concentration of properties where annualized rental income on a straight-line basis represented 10% or more of consolidated annualized rental income on a straight-line basis for all properties as of December 31, 2015 , 2014 and 2013 : December 31, State 2015 2014 2013 Colorado * * 24.8% Florida 18.6% 24.6% * Illinois * * 23.0% Iowa 10.1% 13.9% * Louisiana * * 15.3% Ohio * * 10.8% Pennsylvania 11.4% 15.2% * Texas * * 12.8% _______________________________ * State's annualized rental income on a straight-line basis was not 10% or more of total annualized rental income on a straight-line basis for all portfolio properties as of the period specified.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation	The following table details the unrealized gains and losses on investment securities as of December 31, 2015 and 2014 . (In thousands) Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2015 Equity securities $ 1,084 $ 19 $ (25 ) $ 1,078 December 31, 2014 Equity securities $ 19,397 $ 477 $ (33 ) $ 19,841 Debt security 426 19 — 445 Total $ 19,823 $ 496 $ (33 ) $ 20,286

Mortgage Notes Payable (Tables)

Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table reflects the Company's mortgage notes payable as of December 31, 2015 and 2014 : Outstanding Loan Amount as of December 31, Effective Interest Rate Portfolio Encumbered Properties 2015 2014 Interest Rate Maturity (In thousands) (In thousands) Creekside Medical Office Building - Douglasville, GA — $ — $ 5,154 5.32 % Fixed Sep. 2015 Bowie Gateway Medical Center - Bowie, MD 1 5,969 6,055 6.18 % Fixed Sep. 2016 Medical Center of New Windsor - New Windsor, NY 1 8,720 8,832 6.39 % Fixed Sep. 2017 Plank Medical Center - Clifton Park, NY 1 3,461 3,506 6.39 % Fixed Sep. 2017 Cushing Center - Schenectady, NY 1 4,184 4,287 5.71 % Fixed Feb. 2016 Countryside Medical Arts - Safety Harbor, FL 1 5,992 6,076 6.07 % Fixed (1) Apr. 2019 St. Andrews Medical Park - Venice, FL 3 6,623 6,716 6.07 % Fixed (1) Apr. 2019 Campus at Crooks & Auburn Building C - Rochester Hills, MI 1 3,555 3,626 5.91 % Fixed Apr. 2016 Slingerlands Crossing Phase I - Bethlehem, NY 1 6,680 6,759 6.39 % Fixed Sep. 2017 Slingerlands Crossing Phase II - Bethlehem, NY 1 7,777 7,877 6.39 % Fixed Sep. 2017 Benedictine Cancer Center - Kingston, NY 1 6,811 6,898 6.39 % Fixed Sep. 2017 Aurora Healthcare Center Portfolio - WI 6 31,257 — 6.55 % Fixed Jan. 2018 Palm Valley Medical Plaza - Goodyear, AZ 1 3,525 — 4.21 % Fixed Jun. 2023 Medical Center V - Peoria, AZ 1 3,232 — 4.75 % Fixed Sep. 2023 Courtyard Fountains - Gresham, OR 1 24,999 — 3.82 % Fixed (2) Jan. 2020 Fox Ridge Bryant - Bryant, AR 1 7,825 — 3.98 % Fixed May 2047 Fox Ridge Chenal - Little Rock, AR 1 17,800 — 3.98 % Fixed May 2049 Fox Ridge North Little Rock - North Little Rock, AR 1 11,045 — 3.98 % Fixed May 2047 Total 24 $ 159,455 $ 65,786 5.32 % (3) _______________ (1) Fixed interest rate through May 10, 2017. Interest rate changes to variable rate starting in June 2017. (2) Interest only payments through July 1, 2016. Principal and interest payments starting in August 2016. (3) Calculated on a weighted average basis for all mortgages outstanding as of December 31, 2015 .
Schedule of Maturities of Long-term Debt	The following table summarizes the scheduled aggregate principal payments on mortgage notes payable for the five years subsequent to December 31, 2015 : (In thousands) Future Principal Payments 2016 $ 15,650 2017 34,832 2018 31,893 2019 13,324 2020 24,279 Thereafter 39,477 Total $ 159,455

Fair Value of Financial Instr31

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following table presents information about the Company's assets measured at fair value on a recurring basis as of December 31, 2015 and 2014 , aggregated by the level in the fair value hierarchy within which those instruments fall. (In thousands) Quoted Prices in Active Markets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Total December 31, 2015 Investment securities $ 1,078 $ — $ — $ 1,078 December 31, 2014 Investment securities $ 20,286 $ — $ — $ 20,286
Fair Value, by Balance Sheet Grouping	The fair values of the Company's remaining financial instruments that are not reported at fair value on the consolidated balance sheets are reported below: Carrying Amount (1) at Fair Value at Carrying Amount (1) at Fair Value at (In thousands) Level December 31, December 31, December 31, December 31, Mortgage notes payable and premiums, net 3 $ 161,858 $ 162,654 $ 68,630 $ 69,117 Credit Facility 3 $ 430,000 $ 430,000 $ — $ — _______________________________ (1) Carrying value includes mortgage notes payable of $159.5 million and $65.8 million and mortgage premiums, net of $2.4 million and $2.8 million as of December 31, 2015 and December 31, 2014 , respectively.

Common Stock (Tables)

Common Stock (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Class of Treasury Stock	The following table reflects the number of shares repurchased cumulatively through December 31, 2015 : Number of Shares Repurchased Average Price per Share Cumulative repurchases as of December 31, 2014 74,031 $ 24.42 Year ended December 31, 2015 (1) 894,339 23.66 Cumulative repurchases as of December 31, 2015 (1) 968,370 $ 23.72 _____________________________ (1) As permitted under the SRP, in January 2016, the Company's board of directors authorized, with respect to redemption requests received during the three months ended December 31, 2015, the repurchase of shares validly submitted for repurchase in an amount equal to 1.0% of the weighted average number of shares of common stock outstanding during the fiscal year ended December 31, 2014 , representing less than all the shares validly submitted for repurchase during the three months ended December 31, 2015 . Accordingly, 512,408 shares for $12.0 million at an average repurchase price per share of $23.45 (including all shares submitted for death or disability) were approved and completed in February 2016 , while 201,367 shares for $4.6 million at an average price per share of $23.04 were not fulfilled. The accrual for these repurchases is reflected in the accounts payable and accrued expenses line of the accompanying consolidated balance sheets. There were no other unfulfilled share repurchases for the period from October 15, 2012 (date of inception) to December 31, 2015 .

Related Party Transactions an33

Related Party Transactions and Arrangements (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of Selling Commissions and Dealer Manager Fees Payable to Affiliate	The following table details total selling commissions and dealer manager fees incurred from and due to the Former Dealer Manager as of and for the periods presented: Years Ended December 31, Payable as of December 31, (In thousands) 2015 2014 2013 2015 2014 Total commissions and fees incurred from (reimbursed by) and due to the Former Dealer Manager $ (2 ) $ 175,575 $ 17,481 $ — $ 1
Schedule Of Offering Costs Reimbursements to Related Party	The following table details reimbursable offering costs incurred from and due to the Advisor and Former Dealer Manager as of and for the periods presented: Years Ended December 31, Payable as of December 31, (In thousands) 2015 2014 2013 2015 2014 Fees and expense reimbursements incurred from and due to the Advisor $ — $ 21,767 $ 3,807 $ — $ — Fees and expense reimbursements incurred from and due to the Former Dealer Manager — 3,262 1,190 — 605 Total fees and expense reimbursements incurred from and due to the Advisor and Former Dealer Manager $ — $ 25,029 $ 4,997 $ — $ 605
Schedule of Amount Contractually Due and Forgiven in Connection With Operation Related Services	The following table details amounts incurred, forgiven and payable in connection with the Company's operations-related services described above as of and for the periods presented. Years Ended December 31, Payable (Receivable) as of 2015 2014 2013 December 31, (In thousands) Incurred Forgiven Incurred Forgiven Incurred Forgiven 2015 2014 One-time fees and reimbursements: Acquisition fees $ 6,878 $ — $ 15,936 $ — $ 462 $ — $ — $ — Acquisition cost reimbursements 3,439 — 7,968 — 144 — — — Financing coordination fees 3,863 — 1,997 — — — — — Ongoing fees: Asset management fees (1) 10,889 — — — — — (5 ) — Property management fees 1,302 1,220 — 617 — 23 (10 ) — Professional fees and reimbursements 4,558 — 364 — 499 364 Strategic advisory fees — — 605 — 315 — — — Distributions on Class B Units 490 — 47 — 1 — 52 — Total related party operation fees and reimbursements $ 31,419 $ 1,220 $ 26,917 $ 617 $ 922 $ 23 $ 536 $ 364 _______________ (1) Prior to April 1, 2015, the Company caused the OP to issue (subject to periodic approval by the board of directors) to the Advisor restricted performance based Class B Units for asset management services. As of December 31, 2015 , the Company's board of directors had approved the issuance of 359,250 Class B Units to the Advisor in connection with this arrangement. Effective April 1, 2015, in connection with the Amendment, the Company will pay an asset management fee to the Advisor or its assignees in cash, in shares, or a combination of both and will no longer issue any Class B Units.
Schedule of General and Administrative Expenses Absorbed by Affiliate	The following table reflects costs absorbed by the Advisor during the periods presented. Years Ended December 31, Receivable as of December 31, (In thousands) 2015 2014 2013 2015 2014 Property operating expenses absorbed $ — $ — $ 150 $ — $ — General and administrative expenses absorbed — — 843 — — Total expenses absorbed $ — $ — $ 993 $ — $ —

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Restricted Share Award Activity	The following table reflects restricted share award activity for the period presented: Number of Common Shares Weighted-Average Issue Price Unvested, January 1, 2013 — $ — Granted 3,999 22.50 Vested — — Forfeitures — — Unvested, December 31, 2013 3,999 22.50 Granted 3,999 22.50 Vested (800 ) 22.50 Forfeitures — — Unvested, December 31, 2014 7,198 22.50 Granted 7,998 22.50 Vested (1,066 ) 22.50 Forfeitures (2,399 ) 22.50 Unvested, December 31, 2015 11,731 $ 22.50

Accumulated Other Comprehensi35

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table illustrates the changes in accumulated other comprehensive income as of and for the period presented: (In thousands) Unrealized Gains on Available-for-Sale Securities Balance, December 31, 2013 $ — Other comprehensive income, before reclassifications 471 Amounts reclassified from accumulated other comprehensive income (1) (8 ) Balance, December 31, 2014 463 Other comprehensive loss, before reclassifications (23 ) Amounts reclassified from accumulated other comprehensive income (1) (446 ) Balance, December 31, 2015 $ (6 ) __________________ (1) During the years ended December 31, 2015 and 2014 , the Company sold certain of its investments in preferred stock, common stock, real estate income funds and its investment in a senior note which resulted in a realized gain of $0.4 million and approximately $8,000 , respectively, which is included in gain on sale of investment securities on the consolidated statement of operations and comprehensive loss.

Non-Controlling Interests (Tabl

Non-Controlling Interests (Tables)	12 Months Ended
	Dec. 31, 2015
Noncontrolling Interest [Abstract]
Schedule related to Investment Arrangements with Unaffiliated Third Party	The following table summarizes the activity related to investment arrangements with the unaffiliated third party. The Company did not have any investment arrangements with unaffiliated third parties during the years ended December 31, 2014 or 2013 and therefore did not have any distributions to unaffiliated third parties for investment arrangements for the years ended December 31, 2014 or 2013 . As of December 31, 2015 Property Name (Dollar amounts in thousands) Investment Date Third Party Net Investment Amount as of December 31, 2015 Non-Controlling Ownership Percentage as of December 31, 2015 Net Real Estate Assets Subject to Investment Arrangement Mortgage Notes Payable Subject to Investment Arrangement Distributions for the Year Ended December 31, 2015 Plaza Del Rio Medical Office Campus Portfolio - Peoria, AZ May 2015 $ 500 4.1 % $ 10,561 — —

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a summary of the basic and diluted net loss per share computation for the years ended December 31, 2015 , 2014 and 2013 : Years Ended December 31, 2015 2014 2013 Net loss attributable to stockholders (in thousands) $ (41,741 ) $ (37,678 ) $ (221 ) Basic and diluted weighted-average shares outstanding 85,331,966 51,234,729 2,148,297 Basic and diluted net loss per share $ (0.49 ) $ (0.74 ) $ (0.10 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The Company had the following potentially dilutive securities as of December 31, 2015 , 2014 and 2013 , which were excluded from the calculation of diluted loss per share attributable to stockholders as the effect would have been antidilutive: December 31, 2015 2014 2013 Unvested restricted stock 11,731 7,198 3,999 OP Units 405,998 405,998 90 Class B units 359,250 107,885 4,062 Total common share equivalents 776,979 521,081 8,151

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following tables reconcile the segment activity to consolidated net loss for the years ended December 31, 2015 , 2014 and 2013 : Year Ended December 31, 2015 (In thousands) Medical Office Buildings Triple-Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenues: Rental income $ 56,165 $ 37,053 $ — $ 93,218 Operating expense reimbursements 12,611 148 — 12,759 Resident services and fee income — — 140,901 140,901 Contingent purchase price consideration 572 — 40 612 Total revenues 69,348 37,201 140,941 247,490 Property operating and maintenance 20,334 6,706 98,533 125,573 Net operating income $ 49,014 $ 30,495 $ 42,408 121,917 Operating fees to related parties (12,191 ) Acquisition and transaction related (14,679 ) General and administrative (9,733 ) Depreciation and amortization (120,924 ) Interest expense (10,356 ) Interest and other income 582 Gain on sale of investment securities 446 Income tax benefit (expense) 2,978 Net loss attributable to non-controlling interests 219 Net loss attributable to stockholders $ (41,741 ) Year Ended December 31, 2014 (In thousands) Medical Office Buildings Triple-Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenues: Rental income $ 13,955 $ 9,050 $ — $ 23,005 Operating expense reimbursements 3,532 53 — 3,585 Resident services and fee income — — 31,849 31,849 Total revenues 17,487 9,103 31,849 58,439 Property operating and maintenance 4,765 79 21,873 26,717 Net operating income $ 12,722 $ 9,024 $ 9,976 31,722 Acquisition and transaction related (33,623 ) General and administrative (3,541 ) Depreciation and amortization (28,889 ) Interest expense (3,559 ) Interest and other income 735 Gain on sale of investment securities 8 Income tax benefit (expense) (565 ) Net loss attributable to non-controlling interests 34 Net loss attributable to stockholders $ (37,678 ) Year Ended December 31, 2013 (In thousands) Medical Office Buildings Triple-Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenues: Rental income $ 881 $ 670 $ — $ 1,551 Operating expense reimbursements 236 30 — 266 Resident services and fee income — — — — Total revenues 1,117 700 — 1,817 Property operating and maintenance 92 30 — 122 Net operating income $ 1,025 $ 670 $ — 1,695 Acquisition and transaction related (730 ) General and administrative (104 ) Depreciation and amortization (1,077 ) Income tax benefit (expense) (5 ) Net loss attributable to stockholders $ (221 ) The following table reconciles the segment activity to consolidated total assets as of the periods presented: December 31, (In thousands) 2015 2014 ASSETS Investments in real estate, net: Medical office buildings $ 839,041 $ 593,648 Triple-net leased healthcare facilities 447,893 355,962 Construction in progress 31,309 — Seniors housing — operating properties 876,359 682,140 Total investments in real estate, net 2,194,602 1,631,750 Cash and cash equivalents 24,474 182,617 Restricted cash 4,647 1,778 Investment securities, at fair value 1,078 20,286 Receivable for sale of common stock — 6 Straight-line rent receivable, net 11,470 2,325 Prepaid expenses and other assets 21,707 14,711 Deferred costs, net 14,014 4,237 Total assets $ 2,271,992 $ 1,857,710 The following table reconciles capital expenditures by reportable business segment, excluding corporate non-real estate expenditures, for the periods presented: Years Ended December 31, (In thousand) 2015 2014 2013 Medical office buildings $ 2,129 $ 609 $ — Triple-net leased healthcare facilities 540 — — Seniors housing — operating properties 2,701 134 — Total capital expenditures $ 5,370 $ 743 $ —

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The following table reflects the minimum base cash rental payments due from the Company over the next five years and thereafter under these arrangements, including the present value of the net minimum payment due under capital leases. These amounts exclude contingent rent payments, as applicable, that may be payable based on provisions related to increases in annual rent based on exceeding certain economic indexes among other items. Future Minimum Base Rent Payments (In thousands) Operating Leases Capital Leases 2016 $ 645 $ 74 2017 664 76 2018 668 78 2019 673 80 2020 671 82 Thereafter 79,980 7,848 Total minimum lease payments $ 83,301 8,238 Less: amounts representing interest (3,435 ) Total present value of minimum lease payments $ 4,803

Quarterly Results (Unaudited) (

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Presented below is a summary of the unaudited quarterly financial information for the years ended December 31, 2015 , 2014 and 2013 : (In thousands, except for share and per share data) March 31, June 30, September 30, December 31, Total revenues $ 57,121 $ 59,516 $ 64,030 $ 66,373 Net loss attributable to stockholders $ (5,220 ) $ (13,421 ) $ (16,108 ) $ (6,992 ) Basic and diluted weighted average shares outstanding 84,250,503 84,992,633 85,705,595 86,351,934 Basic and diluted loss per share $ (0.06 ) $ (0.16 ) $ (0.19 ) $ (0.08 ) (In thousands, except for share and per share data) March 31, June 30, September 30, December 31, Total revenues $ 1,387 $ 2,869 $ 11,818 $ 42,365 Net income (loss) $ (582 ) $ (4,147 ) $ (20,023 ) $ (12,926 ) Basic and diluted weighted average shares outstanding 13,623,545 35,127,969 71,813,126 83,381,570 Basic and diluted income (loss) per share $ (0.04 ) $ (0.12 ) $ (0.28 ) $ (0.16 ) (In thousands, except for share and per share data) March 31, June 30, September 30, December 31, Total revenues $ — $ 27 $ 652 $ 1,138 Net income (loss) $ (47 ) $ (116 ) $ (399 ) $ 341 Basic weighted average shares outstanding 8,888 379,911 2,559,022 5,579,635 Basic income (loss) per share $ (5.29 ) $ (0.31 ) $ (0.16 ) $ 0.06 Diluted weighted average shares outstanding 8,888 379,911 2,559,022 5,624,600 Diluted income (loss) per share $ (5.29 ) $ (0.31 ) $ (0.16 ) $ 0.05

Organization (Details)

Organization (Details)	12 Months Ended			39 Months Ended
	Dec. 31, 2015USD ($)ft²propertystate$ / shares	Dec. 31, 2014USD ($)$ / shares	Dec. 31, 2013USD ($)	Dec. 31, 2015USD ($)ft²propertystate$ / shares	Feb. 28, 2013USD ($)$ / shares
Class of Stock [Line Items]
Number of real estate properties | property	166			166
Number of states properties are located in | state	29			29
Area of real estate property | ft²	8,494,764			8,494,764
Common stock, par value, in dollars per share	$ 0.01	$ 0.01		$ 0.01	$ 0.01
Proceeds from issuance of common stock | $	$ 6,000	$ 1,853,231,000	$ 184,006,000	$ 2,100,000,000
Common Stock
Class of Stock [Line Items]
Share Price (in dollars per share)					$ 25
DRIP share price (in dollars per share)	$ 23.75			$ 23.75
IPO [Member]
Class of Stock [Line Items]
Stock available for issuance under DRIP | $					$ 1,700,000,000

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)community	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)
Schedule of Shares Repurchased [Line Items]
Money market funds	$ 0	$ 134,212,000
Cash and cash equivalents	24,474,000	182,617,000	$ 111,833,000	$ 3,000
Cash in excess of FDIC limit	12,200,000	173,100,000
Net deferred financing costs	13,600,000	4,101,000
Accumulated amortization, deferred financing costs	4,000,000	1,300,000
Deferred leasing costs, accumulated amortization	400,000	100,000
Deferred leasing costs, net	$ 73,000	24,000
Number of senior housing communities | community	38
Deferred tax asset, net	$ 2,900,000	700,000
Valuation allowance	$ 0	$ 700,000
Effective income tax rate	40.00%	40.00%
Maximum
Schedule of Shares Repurchased [Line Items]
Liability for offering and related costs from IPO	2.00%
Aggregate offering costs	12.00%
Building
Schedule of Shares Repurchased [Line Items]
Useful life	40 years
Land Improvements
Schedule of Shares Repurchased [Line Items]
Useful life	15 years
Fixtures and improvements
Schedule of Shares Repurchased [Line Items]
Useful life	5 years
In-place leases
Schedule of Shares Repurchased [Line Items]
Amortization	$ 75,200,000	$ 17,900,000	300,000
Intangible market lease assets
Schedule of Shares Repurchased [Line Items]
Amortization	400,000	604,000	$ 13,000
Intangible market lease assets and liabilities
Schedule of Shares Repurchased [Line Items]
Amortization	199,000	$ 29,000
New Accounting Pronouncement, Early Adoption, Effect | Deferred costs
Schedule of Shares Repurchased [Line Items]
Net deferred financing costs	(2,200,000)
New Accounting Pronouncement, Early Adoption, Effect | Mortgage notes payable
Schedule of Shares Repurchased [Line Items]
Net deferred financing costs	$ 2,200,000

Summary of Significant Accoun43

Summary of Significant Accounting Policies (Acquired Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 241,459	$ 186,849
Accumulated Amortization	86,092	19,156
Net Carrying Amount	155,367	167,693
Below Market Lease, Gross Carrying Amount	25,613	19,897
Below Market Lease, Accumulated Amortization	2,619	362
Below Market Lease, Net Carrying Amount	22,994	19,535
In-place leases
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	202,608	150,953
Accumulated Amortization	82,390	18,104
Net Carrying Amount	120,218	132,849
Intangible market lease assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	28,262	25,307
Accumulated Amortization	3,393	1,008
Net Carrying Amount	24,869	24,299
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,589	10,589
Accumulated Amortization	309	44
Net Carrying Amount	$ 10,280	$ 10,545

Summary of Significant Accoun44

Summary of Significant Accounting Policies (Lease Amortization) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Amortization Expense
Finite-Lived Intangible Assets [Line Items]
Finite Lived Lease Amortization Expense (Income) 2015	$ 34,791
Finite Lived Lease Amortization Expense (Income) 2016	16,587
Finite Lived Lease Amortization Expense (Income) 2017	14,296
Finite Lived Lease Amortization Expense (Income) 2018	11,730
Finite Lived Lease Amortization Expense (Income) 2019	9,371
Amortization Expense | In-place leases
Finite-Lived Intangible Assets [Line Items]
Finite Lived Lease Amortization Expense (Income) 2015	34,526
Finite Lived Lease Amortization Expense (Income) 2016	16,322
Finite Lived Lease Amortization Expense (Income) 2017	14,031
Finite Lived Lease Amortization Expense (Income) 2018	11,465
Finite Lived Lease Amortization Expense (Income) 2019	9,106
Amortization Expense | Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Finite Lived Lease Amortization Expense (Income) 2015	265
Finite Lived Lease Amortization Expense (Income) 2016	265
Finite Lived Lease Amortization Expense (Income) 2017	265
Finite Lived Lease Amortization Expense (Income) 2018	265
Finite Lived Lease Amortization Expense (Income) 2019	265
Rental Income
Finite-Lived Intangible Assets [Line Items]
Total Amortization (Expense) for 2015	220
Total Amortization (Expense) for 2016	227
Total Amortization (Expense) for 2017	519
Total Amortization (Expense) for 2018	526
Total Amortization (Expense) for 2019	713
Rental Income | Market lease and other intangible assets
Finite-Lived Intangible Assets [Line Items]
Finite Lived Lease Amortization Expense (Income) 2015	(2,210)
Finite Lived Lease Amortization Expense (Income) 2016	(1,888)
Finite Lived Lease Amortization Expense (Income) 2017	(1,367)
Finite Lived Lease Amortization Expense (Income) 2018	(1,079)
Finite Lived Lease Amortization Expense (Income) 2019	(737)
Rental Income | Intangible market lease liabilities
Finite-Lived Intangible Assets [Line Items]
Below Market Lease Income (Expense) Amortization 2015	2,430
Below Market Lease Income (Expense) Amortization 2016	2,115
Below Market Lease Income (Expense) Amortization 2017	1,886
Below Market Lease Income (Expense) Amortization 2018	1,605
Below Market Lease Income (Expense) 2019	1,450
Property Operating and Maintenance Expense
Finite-Lived Intangible Assets [Line Items]
Total Amortization (Expense) for 2015	173
Total Amortization (Expense) for 2016	173
Total Amortization (Expense) for 2017	173
Total Amortization (Expense) for 2018	173
Total Amortization (Expense) for 2019	173
Property Operating and Maintenance Expense | Below-market ground lease assets
Finite-Lived Intangible Assets [Line Items]
Below Market Lease Income (Expense) Amortization 2015	212
Below Market Lease Income (Expense) Amortization 2016	212
Below Market Lease Income (Expense) Amortization 2017	212
Below Market Lease Income (Expense) Amortization 2018	212
Below Market Lease Income (Expense) 2019	212
Property Operating and Maintenance Expense | Above-market ground lease liabilities
Finite-Lived Intangible Assets [Line Items]
Finite Lived Lease Amortization Expense (Income) 2015	(39)
Finite Lived Lease Amortization Expense (Income) 2016	(39)
Finite Lived Lease Amortization Expense (Income) 2017	(39)
Finite Lived Lease Amortization Expense (Income) 2018	(39)
Finite Lived Lease Amortization Expense (Income) 2019	$ (39)

Summary of Significant Accoun45

Summary of Significant Accounting Policies (Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Federal benefit (expense)	$ 1,667	$ (450)	$ 0
State benefit (expense)	358	(115)	5
Current benefit (expense)	2,025	(565)	5
Deferred federal benefit (expense)	762	0	0
State deferred benefit (expense)	191	0	0
Deferred benefit (expense)	$ 953	$ 0	$ 0

Summary of Significant Accoun46

Summary of Significant Accounting Policies (Distributions) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Dividends Payable [Line Items]
Dividends, percent	100.00%	100.00%	100.00%
Dividends paid (in usd per share)	$ 1.70	$ 1.70	$ 1.03
Return of Capital [Member]
Dividends Payable [Line Items]
Dividends, percent	97.90%	93.70%	97.70%
Dividends paid (in usd per share)	$ 1.66	$ 1.59	$ 1.01
Capital Gain Dividend Income [Member]
Dividends Payable [Line Items]
Dividends, percent	0.30%	0.00%	0.00%
Dividends paid (in usd per share)	$ 0.01	$ 0	$ 0
Ordinary Dividend Income [Member]
Dividends Payable [Line Items]
Dividends, percent	1.80%	6.30%	2.30%
Dividends paid (in usd per share)	$ 0.03	$ 0.11	$ 0.02

Real Estate Investments (Narrat

Real Estate Investments (Narrative) (Details) $ in Thousands	Dec. 03, 2014USD ($)	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)property	Dec. 31, 2013USD ($)
Business Acquisition [Line Items]
Number of real estate properties | property		166
Acquisition and transaction related		$ 14,679	$ 33,623	$ 730
Future minimum payments		8,238
Wellington Senior Housing Community
Business Acquisition [Line Items]
Contract purchase price	$ 95,000
2014 Acquisitions with Capital Leases
Business Acquisition [Line Items]
Number of properties purchased | property			8
Leasehold interests to buildings, fixtures and improvements, capital leases			$ 144,400
Future minimum payments		128,600
In-place leases | 2014 Acquisitions with Capital Leases
Business Acquisition [Line Items]
Finite lived intangible assets acquired, capital leases			$ 34,100
Acquisition and Transaction Related Line Items [Member] | Wellington Senior Housing Community
Business Acquisition [Line Items]
Acquisition and transaction related	$ 2,700
Restatement Adjustment [Member]
Business Acquisition [Line Items]
Acquisition and transaction related		$ 14,600

Real Estate Investments (Acquir

Real Estate Investments (Acquired Assets) (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)property	Dec. 31, 2013USD ($)property
Real estate investments
Deposits for real estate acquisitions		$ 1,000	$ (3,650)	$ (350)
Tenant security deposits assumed		$ 900	4,200	100
Capital lease obligation assumed			4,800
In-place leases
Real estate investments
Weighted-average remaining amortization period		4 years 10 months 21 days
Market lease and other intangible assets
Real estate investments
Weighted-average remaining amortization period		6 years 1 month 17 days
Market lease liabilities
Real estate investments
Weighted-average remaining amortization period		14 years 1 month 13 days
2015 Acquisitions
Real estate investments
Land		$ 79,329
Buildings, fixtures and improvements		519,185
Construction in progress		21,309
Total tangible assets		619,823
Total assets acquired, net		675,566
Mortgage notes payable assumed to acquire real estate investments		(100,058)
Premiums on mortgages assumed		(1,492)
Other assets and liabilities, net	[1]	882
Deposits for real estate acquisitions		(3,000)
OP units issued to acquire real estate		0
Cash paid for acquired real estate investments		$ 570,134
Number of properties purchased | property		48
2015 Acquisitions | In-place leases
Real estate investments
Acquired intangibles:	[2]	$ 62,584
2015 Acquisitions | Market lease and other intangible assets
Real estate investments
Acquired intangibles:	[2]	3,223
2015 Acquisitions | Market lease liabilities
Real estate investments
Market lease liabilities	[2]	$ (10,064)
2014 Acquisitions
Real estate investments
Land			109,679
Buildings, fixtures and improvements			1,325,721
Construction in progress			0
Total tangible assets			1,435,400
Total assets acquired, net			1,595,904
Mortgage notes payable assumed to acquire real estate investments			(66,321)
Premiums on mortgages assumed			(3,533)
Other assets and liabilities, net	[1]		9,040
Deposits for real estate acquisitions			0
OP units issued to acquire real estate			(10,148)
Cash paid for acquired real estate investments			$ 1,506,862
Number of properties purchased | property			111
2014 Acquisitions | In-place leases
Real estate investments
Acquired intangibles:	[2]		$ 145,464
2014 Acquisitions | Market lease and other intangible assets
Real estate investments
Acquired intangibles:	[2]		34,877
2014 Acquisitions | Market lease liabilities
Real estate investments
Market lease liabilities	[2]		$ (19,837)
2013 Acquisitions
Real estate investments
Land				3,782
Buildings, fixtures and improvements				35,996
Construction in progress				0
Total tangible assets				39,778
Total assets acquired, net				46,225
Mortgage notes payable assumed to acquire real estate investments				0
Premiums on mortgages assumed				0
Other assets and liabilities, net	[1]			91
Deposits for real estate acquisitions				0
OP units issued to acquire real estate				0
Cash paid for acquired real estate investments				$ 46,134
Number of properties purchased | property				7
2013 Acquisitions | In-place leases
Real estate investments
Acquired intangibles:	[2]			$ 5,489
2013 Acquisitions | Market lease and other intangible assets
Real estate investments
Acquired intangibles:	[2]			1,019
2013 Acquisitions | Market lease liabilities
Real estate investments
Market lease liabilities	[2]			$ (61)
[1]	Other assets and liabilities, net includes $0.9 million in tenant security deposits assumed at acquisition for properties acquired during the year ended December 31, 2015. Other assets and liabilities, net includes $4.2 million in tenant security deposits assumed at acquisition for properties acquired and a $4.8 million capital lease obligation incurred in conjunction with the transaction described below for the year ended December 31, 2014. Other assets and liabilities, net includes $0.1 million in tenant security deposits assumed at acquisition for properties acquired during the year ended December 31, 2013.
[2]	Weighted-average remaining amortization periods for in-place leases, market lease and other intangible assets and market lease liabilities acquired during the years ended December 31, 2015 were 4.9, 6.1 and 14.1 years, respectively, as of each property's respective acquisition date.

Real Estate Investments (Pro Fo

Real Estate Investments (Pro Forma Information) (Details) $ / shares in Units, $ in Thousands		3 Months Ended												12 Months Ended
		Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Sep. 30, 2013USD ($)	Jun. 30, 2013USD ($)	Mar. 31, 2013USD ($)	Dec. 31, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)property$ / shares	Dec. 31, 2013USD ($)$ / shares
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma revenues	[1]													$ 302,539	$ 138,872	$ 82,250
Pro forma net loss	[1]													$ (38,284)	$ (53,157)	$ (30,293)
Basic and diluted pro forma net loss per share (in usd per share) | $ / shares														$ (0.45)	$ (1.04)	$ (14.10)
Total revenues		$ 66,373	$ 64,030	$ 59,516	$ 57,121	$ 42,365	$ 11,818	$ 2,869	$ 1,387	$ 1,138	$ 652	$ 27	$ 0	$ 247,490	$ 58,439	$ 1,817
Net loss														(41,960)	$ (37,712)	$ (221)
2015 Acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Total revenues														25,400
Net loss														$ (4,200)
2014 Acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Number of properties purchased | property															111
[1]	For the years ended December 31, 2015, aggregate revenues and net loss derived from the Company's 2015 acquisitions (for the Company's period of ownership) were $25.4 million and $(4.2) million, respectively.

Real Estate Investments (Future

Real Estate Investments (Future Minimum Payments) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Business Combinations [Abstract]
2,016	$ 94,110
2,017	94,232
2,018	89,568
2,019	83,333
2,020	77,006
Thereafter	510,096
Total	$ 948,345

Real Estate Investments (Custom

Real Estate Investments (Customer Concentration) (Details) - Sales Revenue, Net - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2013
Adena Health System
Concentration Risk [Line Items]
Concentration risk, percentage	10.80%
Advocate Health and Hospitals Corporation
Concentration Risk [Line Items]
Concentration risk, percentage	10.90%
HH/Killeen Health System, LLC
Concentration Risk [Line Items]
Concentration risk, percentage	12.80%
IASIS Healthcare, LLC
Concentration Risk [Line Items]
Concentration risk, percentage	15.30%
National Mentor Holdings, Inc.
Concentration Risk [Line Items]
Concentration risk, percentage	24.80%

Real Estate Investments (Geogra

Real Estate Investments (Geographic Concentrations) (Details) - Geographic Concentration Risk - Sales Revenue, Net	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Colorado
Concentration Risk [Line Items]
Concentration risk, percentage			24.80%
Florida
Concentration Risk [Line Items]
Concentration risk, percentage	18.60%		24.60%
Illinois
Concentration Risk [Line Items]
Concentration risk, percentage			23.00%
Iowa
Concentration Risk [Line Items]
Concentration risk, percentage	10.10%		13.90%
Louisiana
Concentration Risk [Line Items]
Concentration risk, percentage			15.30%
Ohio
Concentration Risk [Line Items]
Concentration risk, percentage			10.80%
Pennsylvania
Concentration Risk [Line Items]
Concentration risk, percentage	11.40%	15.20%
Texas
Concentration Risk [Line Items]
Concentration risk, percentage			12.80%

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Investment securities, at fair value	$ 1,078	$ 20,286
Cost basis		19,823
Proceeds from sale of investment securities	19,278	513	$ 0
Gain on sale of investment securities	446	8	$ 0
Preferred Stock, Common Stock, Real Estate Income Funds and Senior Notes
Schedule of Available-for-sale Securities [Line Items]
Cost basis	18,800
Proceeds from sale of investment securities	19,300
Gain on sale of investment securities	400
Preferred stock
Schedule of Available-for-sale Securities [Line Items]
Investment securities, at fair value	$ 1,078
Cost basis		500
Gain on sale of investment securities		$ 8
Period from issuance when investments become redeemable	5 years

Investment Securities (Schedule

Investment Securities (Schedule of Investments) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Cost		$ 19,823
Gross Unrealized Gains		496
Gross Unrealized Losses		(33)
Fair Value	$ 1,078	20,286
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Cost	1,084	19,397
Gross Unrealized Gains	19	477
Gross Unrealized Losses	(25)	(33)
Fair Value	$ 1,078	19,841
Debt security
Schedule of Available-for-sale Securities [Line Items]
Cost		426
Gross Unrealized Gains		19
Gross Unrealized Losses		0
Fair Value		$ 445

Credit Facility (Details)

Credit Facility (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Jul. 31, 2015	Jun. 26, 2015	Dec. 31, 2014	Apr. 15, 2014	Mar. 21, 2014
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 565,000,000
Write off of deferred debt issuance cost	$ 500,000
Credit facility	430,000,000			$ 0
Secured Debt
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 500,000,000			$ 50,000,000
Maximum borrowing capacity under accordion feature			750,000,000		$ 200,000,000
Credit facility	$ 430,000,000			$ 0
Effective Interest Rate	1.80%
Remaining borrowing capacity	$ 135,000,000
Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 25,000,000
Federal Funds Effective Rate | Secured Debt
Line of Credit Facility [Line Items]
Interest rate	0.50%
One-Month LIBOR | Secured Debt
Line of Credit Facility [Line Items]
Interest rate	1.00%
Minimum | London Interbank Offered Rate (LIBOR) | Secured Debt
Line of Credit Facility [Line Items]
Interest rate	1.60%
Minimum | Base Rate | Secured Debt
Line of Credit Facility [Line Items]
Interest rate	0.35%
Maximum | London Interbank Offered Rate (LIBOR) | Secured Debt
Line of Credit Facility [Line Items]
Interest rate	2.20%
Maximum | Base Rate | Secured Debt
Line of Credit Facility [Line Items]
Interest rate	0.95%

Mortgage Notes Payable (Narrati

Mortgage Notes Payable (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Real estate investments pledged as collateral	$ 301.7	$ 122.4

Mortgage Notes Payable (Mortgag

Mortgage Notes Payable (Mortgage Notes) (Details) $ in Thousands		Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Mortgage notes payable		$ 159,455	$ 65,786
Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		24
Mortgage notes payable		$ 159,455	65,786
Effective Interest Rate	[1]	5.32%
Creekside Medical Office Building - Douglasville, GA | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		0
Mortgage notes payable		$ 0	5,154
Effective Interest Rate		5.32%
Bowie Gateway Medical Center - Bowie, MD | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 5,969	6,055
Effective Interest Rate		6.18%
Medical Center of New Windsor - New Windsor, NY | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 8,720	8,832
Effective Interest Rate		6.39%
Plank Medical Center - Clifton Park, NY | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 3,461	3,506
Effective Interest Rate		6.39%
Cushing Center - Schenectady, NY | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 4,184	4,287
Effective Interest Rate		5.71%
Countryside Medical Arts - Safety Harbor, FL | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 5,992	6,076
Effective Interest Rate		6.07%
St. Andrews Medical Park - Venice, FL | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		3
Mortgage notes payable		$ 6,623	6,716
Effective Interest Rate		6.07%
Campus at Crooks & Auburn Building C - Rochester Hills, MI | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 3,555	3,626
Effective Interest Rate		5.91%
Slingerlands Crossing Phase I - Bethlehem, NY | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 6,680	6,759
Effective Interest Rate		6.39%
Slingerlands Crossing Phase II - Bethlehem, NY | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 7,777	7,877
Effective Interest Rate		6.39%
Benedictine Cancer Center - Kingston, NY | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 6,811	6,898
Effective Interest Rate		6.39%
Aurora Healthcare Center Portfolio WI | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		6
Mortgage notes payable		$ 31,257	0
Effective Interest Rate		6.55%
Palm Valley Medical Plaza AZ | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 3,525	0
Effective Interest Rate		4.21%
Medical Center V - Peoria, AZ | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 3,232	0
Effective Interest Rate		4.75%
Courtyard Fountains - Gresham, OR | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 24,999	0
Effective Interest Rate		3.82%
Fox Ridge Senior Living at Bryant - Bryant | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 7,825	0
Effective Interest Rate		3.98%
Fox Ridge Senior Living at Chenal - Little Rock | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 17,800	0
Effective Interest Rate		3.98%
Fox Ridge Senior Living at Parkstone - North Little Rock | Mortgages
Debt Instrument [Line Items]
Encumbered Properties | property		1
Mortgage notes payable		$ 11,045	$ 0
Effective Interest Rate		3.98%
[1]	Calculated on a weighted average basis for all mortgages outstanding as of December 31, 2015.

Mortgage Notes Payable (Mortg58

Mortgage Notes Payable (Mortgage Principal Payments) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total	$ 159,455	$ 65,786
Mortgages
Debt Instrument [Line Items]
2,016	15,650
2,017	34,832
2,018	31,893
2,019	13,324
2,020	24,279
Thereafter	39,477
Total	$ 159,455	$ 65,786

Fair Value of Financial Instr59

Fair Value of Financial Instruments (Investments) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, at fair value	$ 1,078	$ 20,286
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, at fair value	1,078	20,286
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, at fair value	1,078	20,286
Fair Value, Measurements, Recurring | Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, at fair value	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities, at fair value	$ 0	$ 0

Fair Value of Financial Instr60

Fair Value of Financial Instruments (Level 3 Inputs) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	$ 159,455	$ 65,786
Mortgage premiums, net	2,403	2,844
Mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable	159,455	65,786
Significant Unobservable Inputs Level 3 | Mortgages | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable and premiums, net	161,858	68,630
Mortgage premiums, net	(2,400)	(2,800)
Significant Unobservable Inputs Level 3 | Mortgages | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable and premiums, net	162,654	69,117
Significant Unobservable Inputs Level 3 | Line of Credit | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable and premiums, net	430,000	0
Significant Unobservable Inputs Level 3 | Line of Credit | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage notes payable and premiums, net	$ 430,000	$ 0

Common Stock (Narrative) (Detai

Common Stock (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 09, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Jan. 25, 2016
Class of Stock [Line Items]
Common stock, shares outstanding		86,135,411	83,718,853		86,135,411
Proceeds from issuance of common stock		$ 6	$ 1,853,231	$ 184,006	$ 2,100,000
Dividends declared per day (in dollars per share)	$ 0.0046575343
Dividends declared (in usd per share)	$ 1.70	$ 1.70	$ 1.70	$ 1.03
Short-term trading fee percentage		2.00%
Annual authorized amount as a percentage of weighted average shares outstanding		5.00%			5.00%
Common stock issued through distribution reinvestment plan (in shares)		3,300,000	1,800,000
Common stock issued through distribution reinvestment plan		$ 78,502	$ 41,580	$ 1,345
One Year
Class of Stock [Line Items]
Share repurchase price, percentage of value		92.50%			92.50%
One Year | Maximum
Class of Stock [Line Items]
Share repurchase price, percentage of value (in dollars per share)		$ 23.13			$ 23.13
Share repurchase price, percentage of value		92.50%			92.50%
Two Years
Class of Stock [Line Items]
Share repurchase price, percentage of value		95.00%			95.00%
Two Years | Maximum
Class of Stock [Line Items]
Share repurchase price, percentage of value (in dollars per share)		$ 23.75			$ 23.75
Share repurchase price, percentage of value		95.00%			95.00%
Three Years
Class of Stock [Line Items]
Share repurchase price, percentage of value		97.50%			97.50%
Three Years | Maximum
Class of Stock [Line Items]
Share repurchase price, percentage of value (in dollars per share)		$ 24.38			$ 24.38
Share repurchase price, percentage of value		97.50%			97.50%
Four Years
Class of Stock [Line Items]
Share repurchase price, percentage of value		100.00%			100.00%
Four Years | Maximum
Class of Stock [Line Items]
Share repurchase price, percentage of value (in dollars per share)		$ 25			$ 25
Share repurchase price, percentage of value		100.00%			100.00%
Subsequent Event
Class of Stock [Line Items]
Authorized percent of shares outstanding for repurchase for fiscal semester						2.50%
Authorized percent of shares outstanding for repurchase for fiscal year						5.00%

Common Stock (Stock Redemption)

Common Stock (Stock Redemption) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended			27 Months Ended	39 Months Ended
	Feb. 29, 2016	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2015
Equity, Class of Treasury Stock [Line Items]
Number of Shares Repurchased (in shares)			894,339			74,031	968,370
Average Price per Share (in dollars per share)			$ 23.66			$ 24.42	$ 23.72
Percent of weighted average shares outstanding approved for repurchase		1.00%
Remaining number of shares authorized (in shares)		201,367	201,367				201,367
Common stock repurchases			$ 21,160	$ 1,768	$ 40
Common stock unfulfilled repurchases			$ 4,600
Unfulfilled Average Price Per Share (in dollars per share)			$ 23.04
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Remaining number of shares authorized (in shares)	512,408
Common stock repurchases	$ 12,000
Unfulfilled Average Price Per Share (in dollars per share)	$ 23.45

Related Party Transactions an63

Related Party Transactions and Arrangements (Narrative) (Details) - USD ($) $ in Millions	Jan. 14, 2015	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Common stock held by related party, in shares		86,135,411	83,718,853
Tax Depreciation Deduction | Advisor
Related Party Transaction [Line Items]
Special allocation for tax purposes excess depreciation deductions maximum		$ 10
Acuity Specialty Hospital | Sponsor and Advisor Under Common Control of Purchasing Entity | Affiliated Entity
Related Party Transaction [Line Items]
Contract purchase price	$ 39.4
American Realty Capital Healthcare II Special Limited Partnership, LLC | Special Limited Partner
Related Party Transaction [Line Items]
Common stock held by related party, in shares		8,888	8,888

Related Party Transactions an64

Related Party Transactions and Arrangements (Fees Paid in Connection with the IPO) (Details)	Dec. 31, 2015
Maximum
Related Party Transaction [Line Items]
Liability for offering and related costs from IPO	2.00%
Aggregate offering costs	12.00%
Realty Capital Securities, LLC | Gross Proceeds, Common Stock | Maximum | Former Dealer Manager
Related Party Transaction [Line Items]
Sales commissions as a percentage of benchmark	7.00%
Option One | Realty Capital Securities, LLC | Gross Proceeds, Common Stock | Maximum | Former Dealer Manager
Related Party Transaction [Line Items]
Dealer manager fee earned by related party	3.00%
Gross Proceeds, Common Stock | Option Two | Gross Proceeds, Common Stock | Maximum | Participating Broker-Dealer
Related Party Transaction [Line Items]
Brokerage fee as a percentage of benchmark	7.50%
Sales Commissions | Selling Commission Fee Paid Upfront | Option Two | Gross Proceeds, Common Stock | Maximum | Participating Broker-Dealer
Related Party Transaction [Line Items]
Brokerage fee as a percentage of benchmark	2.50%
Sales Commissions | Fee Paid at Anniversary of Sale | Option Two | Gross Proceeds, Common Stock | Maximum | Participating Broker-Dealer
Related Party Transaction [Line Items]
Brokerage fee as a percentage of benchmark	1.00%
Dealer Manager Fees | Option Two | Realty Capital Securities, LLC | Gross Proceeds, Common Stock | Former Dealer Manager
Related Party Transaction [Line Items]
Sales commissions as a percentage of benchmark	2.50%

Related Party Transactions an65

Related Party Transactions and Arrangements (Fees Paid in Connection with the IPO, Selling Commissions and Dealer Manager Fees) (Details) - Realty Capital Securities, LLC - Sales Commissions and Dealer Manager Fees - Former Dealer Manager - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Total commissions and fees incurred from the Dealer Manager	$ (2)	$ 175,575	$ 17,481
Due to affiliate	$ 0	$ 1

Related Party Transactions an66

Related Party Transactions and Arrangements (Fees Paid in Connection with the IPO, Offering Costs and Reimbursements) (Details) - Fees and Expense Reimbursement, Stock Offering - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
American Realty Capital Healthcare Advisors, LLC | Advisor
Related Party Transaction [Line Items]
One-time fees and reimbursements:	$ 0	$ 21,767	$ 3,807
Due to affiliate	0	0
Realty Capital Securities, LLC | Former Dealer Manager
Related Party Transaction [Line Items]
One-time fees and reimbursements:	0	3,262	1,190
Due to affiliate	0	605
American Realty Capital Healthcare Advisors, LLC and Realty Capital Securities, LLC [Member] | Advisor and Dealer Manager
Related Party Transaction [Line Items]
One-time fees and reimbursements:	0	25,029	$ 4,997
Due to affiliate	$ 0	$ 605

Related Party Transactions an67

Related Party Transactions and Arrangements (Fees Paid in Connection With the Operations of the Company) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Apr. 01, 2015	Mar. 31, 2015
Related Party Transaction [Line Items]
Share price, net (in dollars per share)					$ 22.50
Advisor
Related Party Transaction [Line Items]
Common Share Equivalents, Shares Approved for Issuance	359,250
American Realty Capital Healthcare Advisors, LLC | Contract Purchase Price | Advisor
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	1.00%
Financing advance fees as a percentage of benchmark, expected third party costs	0.50%
Quarterly asset management fee					0.1875%
Related Party Transaction, Total One-time Operating Fees Earned by Related Party, Percentage of Benchmark, Fee Cap	4.50%
American Realty Capital Healthcare Advisors, LLC | Advance on Loan or Other Investment | Advisor
Related Party Transaction [Line Items]
Acquisition fees as a percentage of benchmark	1.00%
Financing advance fees as a percentage of benchmark, expected third party costs	0.50%
Related Party Transaction, Total One-time Operating Fees Earned by Related Party, Percentage of Benchmark, Fee Cap	4.50%
American Realty Capital Healthcare Advisors, LLC | Contract Purchase Price, All Assets Acquired | Advisor
Related Party Transaction [Line Items]
Related Party Transaction, Acquisition Fees and Financing Coordination Fees, Fee Cap Earned By Related Party, Percentage Of Benchmark	1.50%
American Realty Capital Healthcare Advisors, LLC | Amount Available or Outstanding Under Financing Arrangement | Advisor
Related Party Transaction [Line Items]
Financing coordination fees	0.75%
American Realty Capital Healthcare Advisors, LLC | Pre-tax Non-compounded Return on Capital Contribution | Advisor
Related Party Transaction [Line Items]
Cumulative capital investment return to investors as a percentage of benchmark	6.00%
American Realty Capital Healthcare Advisors, LLC | Gross Revenue, Stand-alone Single-tenant Net Leased Properties | Advisor
Related Party Transaction [Line Items]
Property management fees	1.50%
American Realty Capital Healthcare Advisors, LLC | Gross Revenue, Excluding Stand-alone Single-tenant Net Leased Properties | Advisor
Related Party Transaction [Line Items]
Property management fees	2.50%
Maximum | American Realty Capital Healthcare Advisors, LLC | Average Invested Assets | Advisor
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark	2.00%
Maximum | American Realty Capital Healthcare Advisors, LLC | Net Income, Excluding Additions to Non-cash Reserves and Gains on Sales of Assets | Advisor
Related Party Transaction [Line Items]
Operating expenses as a percentage of benchmark	25.00%
Maximum | American Realty Capital Healthcare Advisors, LLC | Gross Revenue, Managed Properties | Advisor
Related Party Transaction [Line Items]
Oversight fees earned by related party	1.00%
Annual Targeted Investor Return | Healthcare Trust Special Limited Partnership, LLC | Pre-tax Non-compounded Return on Capital Contribution | Special Limited Partner
Related Party Transaction [Line Items]
Cumulative capital investment return to investors as a percentage of benchmark	6.00%
Forgiven
Related Party Transaction [Line Items]
Total commissions and fees incurred from the Dealer Manager	$ 1,220	$ 617	$ 23
Recurring Fees | Forgiven | Property management fees
Related Party Transaction [Line Items]
Total commissions and fees incurred from the Dealer Manager	$ 1,220	$ 617	$ 23
American Realty Capital Healthcare Advisors, LLC | Cost of Assets [Member] | Advisor
Related Party Transaction [Line Items]
Related Party Transaction, Asset Management Fees, Percentage of Benchmark				0.0625%

Related Party Transactions an68

Related Party Transactions and Arrangements (Fees Paid in Connection With the Operations of the Company, Incurred, Forgiven and Payable) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Incurred
Related Party Transaction [Line Items]
One-time fees and reimbursements:		$ 31,419	$ 26,917	$ 922
Forgiven
Related Party Transaction [Line Items]
One-time fees and reimbursements:		1,220	617	23
Payable
Related Party Transaction [Line Items]
Payable (Receivable)		536	364
Nonrecurring Fees | Incurred | Acquisition fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:		6,878	15,936	462
Nonrecurring Fees | Incurred | Acquisition cost reimbursements
Related Party Transaction [Line Items]
One-time fees and reimbursements:		3,439	7,968	144
Nonrecurring Fees | Incurred | Financing coordination fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:		3,863	1,997	0
Nonrecurring Fees | Forgiven | Acquisition fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:		0	0	0
Nonrecurring Fees | Forgiven | Acquisition cost reimbursements
Related Party Transaction [Line Items]
One-time fees and reimbursements:		0	0
Nonrecurring Fees | Forgiven | Financing coordination fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:		0	0	0
Nonrecurring Fees | Payable | Acquisition fees
Related Party Transaction [Line Items]
Payable (Receivable)		0	0
Nonrecurring Fees | Payable | Acquisition cost reimbursements
Related Party Transaction [Line Items]
Payable (Receivable)		0	0
Nonrecurring Fees | Payable | Financing coordination fees
Related Party Transaction [Line Items]
Payable (Receivable)		0	0
Recurring Fees | Incurred | Asset management fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:	[1]	10,889	0	0
Recurring Fees | Incurred | Property management fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:		1,302	0	0
Recurring Fees | Incurred | Transfer agent and other professional services
Related Party Transaction [Line Items]
One-time fees and reimbursements:		4,558	364
Recurring Fees | Incurred | Strategic advisory fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:		0	605	315
Recurring Fees | Incurred | Distributions on Class B Units
Related Party Transaction [Line Items]
One-time fees and reimbursements:		490	47	1
Recurring Fees | Forgiven | Asset management fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:	[1]	0	0	0
Recurring Fees | Forgiven | Property management fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:		1,220	617	23
Recurring Fees | Forgiven | Transfer agent and other professional services
Related Party Transaction [Line Items]
One-time fees and reimbursements:		0	0
Recurring Fees | Forgiven | Strategic advisory fees
Related Party Transaction [Line Items]
One-time fees and reimbursements:		0	0	0
Recurring Fees | Forgiven | Distributions on Class B Units
Related Party Transaction [Line Items]
One-time fees and reimbursements:		0	0	$ 0
Recurring Fees | Payable | Asset management fees
Related Party Transaction [Line Items]
Payable (Receivable)	[1]	(5)	0
Recurring Fees | Payable | Property management fees
Related Party Transaction [Line Items]
Payable (Receivable)		(10)	0
Recurring Fees | Payable | Transfer agent and other professional services
Related Party Transaction [Line Items]
Payable (Receivable)		499	364
Recurring Fees | Payable | Strategic advisory fees
Related Party Transaction [Line Items]
Payable (Receivable)		0	0
Recurring Fees | Payable | Distributions on Class B Units
Related Party Transaction [Line Items]
Payable (Receivable)		$ 52	$ 0
[1]	Prior to April 1, 2015, the Company caused the OP to issue (subject to periodic approval by the board of directors) to the Advisor restricted performance based Class B Units for asset management services. As of December 31, 2015, the Company's board of directors had approved the issuance of 359,250 Class B Units to the Advisor in connection with this arrangement. Effective April 1, 2015, in connection with the Amendment, the Company will pay an asset management fee to the Advisor or its assignees in cash, in shares, or a combination of both and will no longer issue any Class B Units.

Related Party Transactions an69

Related Party Transactions and Arrangements (Fees Paid in Connection With the Operations of the Company, Absorbed General and Administrative Costs) (Details) - American Realty Capital Healthcare Advisors, LLC - Advisor - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Amounts of transaction	$ 0	$ 0	$ 993
Due from affiliates	0	0
Property operating expenses absorbed
Related Party Transaction [Line Items]
Amounts of transaction	0	0	150
Due from affiliates	0	0
General and administrative expenses absorbed
Related Party Transaction [Line Items]
Amounts of transaction	0	0	$ 843
Due from affiliates	$ 0	$ 0

Related Party Transactions an70

Related Party Transactions and Arrangements (Fees Paid in Connection with the Liquidation or Listing of the Company's Real Estate Assets) (Details) - USD ($) $ in Millions	Mar. 17, 2015	Dec. 31, 2015
Healthcare Trust Special Limited Partnership, LLC | Excess of Adjusted Market Value of Real Estate Assets Plus Distributions Over Aggregate Contributed Investor Capital | Special Limited Partner
Related Party Transaction [Line Items]
Subordinated participation fees as a percentage of benchmark		15.00%
Distribution upon nonrenewal of advisory agreement		15.00%
Healthcare Trust Special Limited Partnership, LLC | Net Sale Proceeds, after Return of Capital Contributions and Annual Targeted Investor Return | Special Limited Partner
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark		15.00%
American Realty Capital Healthcare Advisors, LLC | Pre-tax Non-compounded Return on Capital Contribution | Advisor
Related Party Transaction [Line Items]
Subordinated performance fee as a percentage of benchmark		15.00%
Cumulative capital investment return to investors as a percentage of benchmark		6.00%
Annual Targeted Investor Return | Healthcare Trust Special Limited Partnership, LLC | Pre-tax Non-compounded Return on Capital Contribution | Special Limited Partner
Related Party Transaction [Line Items]
Cumulative capital investment return to investors as a percentage of benchmark		6.00%
Maximum | American Realty Capital Healthcare Advisors, LLC | Aggregate Total Return of Year Fee is Incurred | Advisor
Related Party Transaction [Line Items]
Related Party Transaction, Subordinated Performance Fee Earned by Related Party, Fee Cap, Percentage of Benchmark		10.00%
Maximum | Real Estate Commissions | American Realty Capital Healthcare Advisors, LLC | Contract Sales Price | Advisor
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark		6.00%
Option One | Maximum | Brokerage Commission Fees | American Realty Capital Healthcare Advisors, LLC | Contract Sales Price | Advisor
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark		2.00%
Option Two | Maximum | Brokerage Commission Fees | American Realty Capital Healthcare Advisors, LLC | Contract Sales Price | Advisor
Related Party Transaction [Line Items]
Real estate commissions as a percentage of benchmark		50.00%
Listing Fee | RCS Capital, Key Banc and Investment Banking and Capital Markets Division of Dealer Manager [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Listing Fee Earned for Listing on National Securities Exchange	$ 1.5
Transaction Advisory Fee | RCS Capital, Key Banc and Investment Banking and Capital Markets Division of Dealer Manager [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Transaction Fee As Percent of Sale Transaction		0.25%

Equity-Based Compensation (Deta

Equity-Based Compensation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning Balance (in shares)	7,198	3,999	0
Ending Balance (in shares)	11,731	7,198	3,999
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Equity-based compensation	$ 60,000	$ 73,000	$ 16,000
Director
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Stock issued during period, issued for services (in shares)	0	2,037	0
Stock issued during period, issued for services		$ 46,000
Restricted Share Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted automatically upon election to board of directors, in shares	1,333
Restricted share vesting period	5 years
Periodic vesting percentage	20.00%
Maximum authorized amount as a percentage of shares authorized	5.00%
Number of shares authorized, in shares	3,400,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)	7,998	3,999	3,999
Vested (in shares)	(1,066)	(800)	0
Forfeitures (in shares)	(2,399)	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Beginning Balance, Weighted-Average Issue Price (usd per share)	$ 22.50		$ 0
Granted, Weighted-Average Issue Price (usd per share)	22.50	$ 22.50	22.50
Vested, Weighted-Average Issue Price (usd per share)	22.50	22.50	0
Forfeitures, Weighted-Average Issue Price (usd per share)	22.50	0	$ 0
Ending Balance, Weighted-Average Issue Price (usd per share)	$ 22.50	$ 22.50
Nonvested awards, compensation cost not yet recognized	$ 200,000
Nonvested awards, compensation cost not yet recognized, period for recognition	3 years 7 months 6 days
Equity-based compensation	$ 60,000	$ 27,000	$ 16,000

Accumulated Other Comprehensi72

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance		$ 463	$ 0
Other comprehensive income, before reclassifications		(23)	471
Amounts reclassified from accumulated other comprehensive income	[1]	(446)	(8)
Ending Balance		(6)	463	$ 0
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gain on sale of investment securities		446	8	$ 0
Preferred stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gain on sale of investment securities			$ 8
Preferred Stock, Common Stock, Real Estate Income Funds and Senior Notes
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gain on sale of investment securities		$ 400
[1]	During the years ended December 31, 2015 and 2014, the Company sold certain of its investments in preferred stock, common stock, real estate income funds and its investment in a senior note which resulted in a realized gain of $0.4 million and approximately $8,000, respectively, which is included in gain on sale of investment securities on the consolidated statement of operations and comprehensive loss.

Non-Controlling Interests (Deta

Non-Controlling Interests (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Nov. 30, 2014
Noncontrolling Interest [Line Items]
Limited partner units (in units)	90	90
Payments of Ordinary Dividends, Noncontrolling Interest	$ 698,000	$ 0	$ 0
Non-controlling Interest
Noncontrolling Interest [Line Items]
Limited partner units (in units)				405,908
Units issued to purchase building				$ 10,100,000
Units issued to fund purchase of A Building (in dollars per share)				$ 25

Non-Controlling Interests (Summ

Non-Controlling Interests (Summary of Non-Controlling Interests) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Noncontrolling Interest [Line Items]
Third Party Net Investment Amount	$ 9,697	$ 10,114
Net Real Estate Assets Subject to Investment Arrangement	2,194,602	1,631,750
Mortgage Notes Payable Subject to Investment Arrangement	159,455	$ 65,786
Distributions	698
Non-controlling Interest
Noncontrolling Interest [Line Items]
Distributions	698
Plaza Del Rio Medical Office Campus Portfolio AZ
Noncontrolling Interest [Line Items]
Third Party Net Investment Amount	$ 500
Non-Controlling Ownership Percentage	4.00%
Distributions	$ 0
Plaza Del Rio Medical Office Campus Portfolio AZ | Non-controlling Interest
Noncontrolling Interest [Line Items]
Net Real Estate Assets Subject to Investment Arrangement	10,561
Mortgage Notes Payable Subject to Investment Arrangement	$ 0

Net Loss Per Share (Details)

Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]
Net loss attributable to stockholders	$ (6,992)	$ (16,108)	$ (13,421)	$ (5,220)	$ (12,926)	$ (20,023)	$ (4,147)	$ (582)	$ 341	$ (399)	$ (116)	$ (47)	$ (41,741)	$ (37,678)	$ (221)
Basic and diluted weighted average shares outstanding (in shares)	86,351,934	85,705,595	84,992,633	84,250,503	83,381,570	71,813,126	35,127,969	13,623,545					85,331,966	51,234,729	2,148,297
Basic and diluted net loss per share (in usd per share)	$ (0.08)	$ (0.19)	$ (0.16)	$ (0.06)	$ (0.16)	$ (0.28)	$ (0.12)	$ (0.04)					$ (0.49)	$ (0.74)	$ (0.10)
Antidilutive securities excluded from computation of earnings per share (in shares)													776,979	521,081	8,151
Restricted Stock
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)													11,731	7,198	3,999
OP Units
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)													405,998	405,998	90
Class B units
Earnings Per Share, Basic and Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)														107,885	4,062

Segment Reporting (Reconciliati

Segment Reporting (Reconciliation of Segment Activity) (Details) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Sep. 30, 2013USD ($)	Jun. 30, 2013USD ($)	Mar. 31, 2013USD ($)	Dec. 31, 2015USD ($)segment	Dec. 31, 2014USD ($)segment	Dec. 31, 2013USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment													3	2
Rental income													$ 93,218	$ 23,005	$ 1,551
Operating expense reimbursements													12,759	3,585	266
Resident services and fee income													140,901	31,849	0
Contingent purchase price consideration													612	0	0
Total revenues	$ 66,373	$ 64,030	$ 59,516	$ 57,121	$ 42,365	$ 11,818	$ 2,869	$ 1,387	$ 1,138	$ 652	$ 27	$ 0	247,490	58,439	1,817
Property operating and maintenance													125,573	26,717	122
Net operating income													121,917	31,722	1,695
Operating fees to related parties													(12,191)	0	0
Acquisition and transaction related													(14,679)	(33,623)	(730)
General and administrative													(9,733)	(3,541)	(104)
Depreciation and amortization													(120,924)	(28,889)	(1,077)
Interest expense													(10,356)	(3,559)	0
Interest and other income													582	735
Gain on sale of investment securities													446	8	0
Income tax benefit (expense)													2,978	(565)	(5)
Net loss attributable to non-controlling interests													219	34	0
Net loss attributable to stockholders	$ (6,992)	$ (16,108)	$ (13,421)	$ (5,220)	$ (12,926)	$ (20,023)	$ (4,147)	$ (582)	$ 341	$ (399)	$ (116)	$ (47)	(41,741)	(37,678)	(221)
Operating Segments | Medical Office Buildings
Segment Reporting Information [Line Items]
Rental income													56,165	13,955	881
Operating expense reimbursements													12,611	3,532	236
Resident services and fee income													0	0	0
Contingent purchase price consideration													572
Total revenues													69,348	17,487	1,117
Property operating and maintenance													20,334	4,765	92
Net operating income													49,014	12,722	1,025
Operating Segments | Triple-Net Leased Healthcare Facilities
Segment Reporting Information [Line Items]
Rental income													37,053	9,050	670
Operating expense reimbursements													148	53	30
Resident services and fee income													0	0	0
Contingent purchase price consideration													0
Total revenues													37,201	9,103	700
Property operating and maintenance													6,706	79	30
Net operating income													30,495	9,024	670
Operating Segments | Seniors Housing Communities
Segment Reporting Information [Line Items]
Rental income													0	0	0
Operating expense reimbursements													0	0	0
Resident services and fee income													140,901	31,849	0
Contingent purchase price consideration													40
Total revenues													140,941	31,849	0
Property operating and maintenance													98,533	21,873	0
Net operating income													$ 42,408	$ 9,976	$ 0

Segment Reporting (Reconcilia77

Segment Reporting (Reconciliation of Segment Activity to Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Net Real Estate Assets Subject to Investment Arrangement	$ 2,194,602	$ 1,631,750
Construction in progress	21,309	0
Cash and cash equivalents	24,474	182,617	$ 111,833	$ 3
Restricted cash	4,647	1,778
Investment securities, at fair value	1,078	20,286
Receivable for sale of common stock	0	6
Straight-line rent receivable, net	11,470	2,325
Prepaid expenses and other assets	21,707	14,711
Deferred costs, net	14,014	4,237
Total assets	2,271,992	1,857,710
Operating Segments
Segment Reporting Information [Line Items]
Construction in progress	31,309	0
Operating Segments | Medical Office Buildings
Segment Reporting Information [Line Items]
Net Real Estate Assets Subject to Investment Arrangement	839,041	593,648
Operating Segments | Triple-Net Leased Healthcare Facilities
Segment Reporting Information [Line Items]
Net Real Estate Assets Subject to Investment Arrangement	447,893	355,962
Operating Segments | Seniors Housing Communities
Segment Reporting Information [Line Items]
Net Real Estate Assets Subject to Investment Arrangement	$ 876,359	$ 682,140

Segment Reporting (Reconcilia78

Segment Reporting (Reconciliation of Capital Expenditures by Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Capital expenditures	$ 6,885	$ 807	$ 0
Operating Segments
Segment Reporting Information [Line Items]
Capital expenditures	5,370	743	0
Operating Segments | Medical Office Buildings
Segment Reporting Information [Line Items]
Capital expenditures	2,129	609	0
Operating Segments | Triple-Net Leased Healthcare Facilities
Segment Reporting Information [Line Items]
Capital expenditures	540	0	0
Operating Segments | Seniors Housing Communities
Segment Reporting Information [Line Items]
Capital expenditures	$ 2,701	$ 134	$ 0

Commitments and Contingencies79

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Aug. 31, 2015	Jul. 31, 2015
Loss Contingencies [Line Items]
Rent expense	$ 400	$ 100	$ 6
Interest expense	100	200
Purchase Obligation				$ 82,000
Construction in progress	21,309	$ 0
Maximum borrowing capacity					$ 565,000
Land
Loss Contingencies [Line Items]
Construction in progress	10,000
Construction in Progress
Loss Contingencies [Line Items]
Construction in progress	$ 21,300
Line of Credit
Loss Contingencies [Line Items]
Maximum borrowing capacity				$ 2,700
Stated interest rate				7.00%

Commitments and Contingencies80

Commitments and Contingencies (Schedule of Future Minimum Rental Payments) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Operating Leases
2016, Operating Leases	$ 645
2017, Operating Leases	664
2018, Operating Leases	668
2019, Operating Leases	673
2020, Operating Leases	671
Thereafter, Operating Leases	79,980
Total, Operating Leases	83,301
Capital Leases
2016, Capital Leases	74
2017, Capital Leases	76
2018, Capital Leases	78
2019, Capital Leases	80
2020, Capital Leases	82
Thereafter, Capital Leases	7,848
Total, Capital Leases	8,238
Interest, Capital Leases	(3,435)
Total present value of minimum lease payments	$ 4,803

Quarterly Results (Unaudited)81

Quarterly Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 66,373	$ 64,030	$ 59,516	$ 57,121	$ 42,365	$ 11,818	$ 2,869	$ 1,387	$ 1,138	$ 652	$ 27	$ 0	$ 247,490	$ 58,439	$ 1,817
Net loss attributable to stockholders	$ (6,992)	$ (16,108)	$ (13,421)	$ (5,220)	$ (12,926)	$ (20,023)	$ (4,147)	$ (582)	$ 341	$ (399)	$ (116)	$ (47)	$ (41,741)	$ (37,678)	$ (221)
Basic and diluted weighted average shares outstanding (in shares)	86,351,934	85,705,595	84,992,633	84,250,503	83,381,570	71,813,126	35,127,969	13,623,545					85,331,966	51,234,729	2,148,297
Basic and diluted net loss per share (in usd per share)	$ (0.08)	$ (0.19)	$ (0.16)	$ (0.06)	$ (0.16)	$ (0.28)	$ (0.12)	$ (0.04)					$ (0.49)	$ (0.74)	$ (0.10)
Basic weighted average shares outstanding (in shares)									5,579,635	2,559,022	379,911	8,888
Basic income (loss) per share (in dollars per share)									$ 0.06	$ (0.16)	$ (0.31)	$ (5.29)
Diluted weighted average shares outstanding (in shares)									5,624,600	2,559,022	379,911	8,888
Diluted income (loss) per share (in dollars per share)									$ 0.05	$ (0.16)	$ (0.31)	$ (5.29)

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details)	Jan. 25, 2016	Dec. 31, 2015
Subsequent Event
Subsequent Event [Line Items]
Authorized percent of shares outstanding for repurchase for fiscal semester	2.50%
Authorized percent of shares outstanding for repurchase for fiscal year	5.00%
One Year
Subsequent Event [Line Items]
Share repurchase price, percentage of value		92.50%
Two Years
Subsequent Event [Line Items]
Share repurchase price, percentage of value		95.00%
Three Years
Subsequent Event [Line Items]
Share repurchase price, percentage of value		97.50%
Four Years
Subsequent Event [Line Items]
Share repurchase price, percentage of value		100.00%

Real Estate and Accumulated D83

Real Estate and Accumulated Depreciation - Schedule III (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Jul. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 159,455
Land	192,790
Building and Improvements	1,880,904
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	4,809
Gross Amount	2,078,503		$ 1,475,848	$ 39,778	$ 0
Accumulated Depreciation	60,575		11,791	$ 814	$ 0
Acquired intangibles	241,500
Federal income taxes	2,200,000
Accumulated Amortization	86,100
Maximum borrowing capacity		$ 565,000
Credit facility	430,000		0
Secured Debt	$ 159,455		$ 65,786
Building
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful life	40 years
Land Improvements
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful life	15 years
Fixtures and improvements
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Useful life	5 years
Fresenius Medical Care - Winfield [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Land	151
Building and Improvements	1,568
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	1,719
Accumulated Depreciation	123
Adena Health Center - Jackson [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	242
Building and Improvements	4,494
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,736
Accumulated Depreciation	291
Ouachita Community Hospital - West Monroe [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	633
Building and Improvements	5,304
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	5,937
Accumulated Depreciation	350
CareMeridian - Littleton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	976
Building and Improvements	8,900
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	9,876
Accumulated Depreciation	948
Oak Lawn Medical Center - Oak Lawn [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	835
Building and Improvements	7,477
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	8,312
Accumulated Depreciation	566
Surgery Center of Temple - Temple [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	225
Building and Improvements	5,208
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	5,433
Accumulated Depreciation	315
Greenville Health System - Greenville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	720
Building and Improvements	3,045
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	3,765
Accumulated Depreciation	176
Arrowhead Medical Plaza II - Glendale [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	9,707
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	216
Gross Amount	9,923
Accumulated Depreciation	573
Village Center Parkway - Stockbridge [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,135
Building and Improvements	2,299
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	131
Gross Amount	3,565
Accumulated Depreciation	154
Stockbridge Family Medical - Stockbridge [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	823
Building and Improvements	1,799
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	11
Gross Amount	2,633
Accumulated Depreciation	98
Creekside MOB - Douglasville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	2,709
Building and Improvements	5,320
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	169
Gross Amount	8,198
Accumulated Depreciation	290
Bowie Gateway Medical Center - Bowie [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,969
Land	983
Building and Improvements	10,321
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	11,304
Accumulated Depreciation	467
Campus at Crooks & Auburn Building D - Rochester Hills [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	640
Building and Improvements	4,107
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,747
Accumulated Depreciation	185
Medical Center of New Windsor - New Windsor [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	8,720
Land	0
Building and Improvements	10,566
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	323
Gross Amount	10,889
Accumulated Depreciation	483
Plank Medical Center - Clifton Park [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,461
Land	749
Building and Improvements	3,559
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	25
Gross Amount	4,333
Accumulated Depreciation	171
Cushing Center - Schenectady [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	4,184
Land	0
Building and Improvements	12,489
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	7
Gross Amount	12,496
Accumulated Depreciation	559
Berwyn Medical Center - Berwyn [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,305
Building and Improvements	7,559
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	8,864
Accumulated Depreciation	312
Countryside Medical Arts - Safety Harbor [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	5,992
Land	915
Building and Improvements	7,663
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	60
Gross Amount	8,638
Accumulated Depreciation	344
St. Andrews Medical Park - Venice [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,623
Land	1,666
Building and Improvements	9,944
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	36
Gross Amount	11,646
Accumulated Depreciation	455
Campus at Crooks & Auburn Building C - Rochester Hills [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,555
Land	609
Building and Improvements	3,842
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	130
Gross Amount	4,581
Accumulated Depreciation	177
Slingerlands Crossing Phase I - Bethlehem [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,680
Land	3,865
Building and Improvements	5,919
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	9,784
Accumulated Depreciation	272
Slingerlands Crossing Phase II - Bethlehem [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,777
Land	1,707
Building and Improvements	9,715
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	148
Gross Amount	11,570
Accumulated Depreciation	431
UC Davis MOB - Elk Grove [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,138
Building and Improvements	7,242
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	8,380
Accumulated Depreciation	306
Laguna Professional Center - Elk Grove [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,811
Building and Improvements	14,598
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	16,409
Accumulated Depreciation	608
Big Spring Care Center - Humansville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	230
Building and Improvements	6,514
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,744
Accumulated Depreciation	346
Buffalo Prairie Care Center - Buffalo [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	230
Building and Improvements	4,098
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,328
Accumulated Depreciation	241
Cassville Health Care & Rehab - Cassville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	250
Building and Improvements	3,774
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,024
Accumulated Depreciation	190
Country Aire Retirement Estates - Lewistown [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	400
Building and Improvements	4,546
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,946
Accumulated Depreciation	283
Edgewood Manor Nursing Home - Raytown [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	591
Building and Improvements	851
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	1,442
Accumulated Depreciation	48
Georgian Gardens - Potosi [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	500
Building and Improvements	6,359
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,859
Accumulated Depreciation	387
Gregory Ridge Living Center - Kansas City [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	590
Building and Improvements	4,043
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,633
Accumulated Depreciation	276
Marshfield Care Center - Marshfield [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	310
Building and Improvements	4,052
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,362
Accumulated Depreciation	251
Parkway Health Care Center - Kansas City [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	630
Building and Improvements	4,229
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,859
Accumulated Depreciation	232
Estate at Hyde Park - Tampa [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,777
Building and Improvements	20,153
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	21,930
Accumulated Depreciation	902
Autumn Ridge of Clarkston - Clarkston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	655
Building and Improvements	19,834
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	78
Gross Amount	20,567
Accumulated Depreciation	905
Sunnybrook of Burlington - Burlington [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	518
Building and Improvements	16,651
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	16
Gross Amount	17,185
Accumulated Depreciation	722
Sunnybrook of Carroll - Carroll [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	473
Building and Improvements	11,150
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	15
Gross Amount	11,638
Accumulated Depreciation	444
Sunnybrook of Fairfield - Fairfield [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	340
Building and Improvements	14,028
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	37
Gross Amount	14,405
Accumulated Depreciation	621
Sunnybrook of Ft. Madison - Ft. Madison [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	550
Building and Improvements	9,024
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	17
Gross Amount	9,591
Accumulated Depreciation	397
Sunnybrook of Mt. Pleasant - Mt. Pleasant [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	205
Building and Improvements	10,811
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	115
Gross Amount	11,131
Accumulated Depreciation	397
Sunnybrook of Muscatine - Muscatine [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	302
Building and Improvements	13,752
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	16
Gross Amount	14,070
Accumulated Depreciation	553
Prairie Hills at Cedar Rapids -Cedar Rapids [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	195
Building and Improvements	8,544
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	9
Gross Amount	8,748
Accumulated Depreciation	340
Prairie Hills at Clinton - Clinton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	890
Building and Improvements	18,801
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	24
Gross Amount	19,715
Accumulated Depreciation	771
Prairie Hills at Des Moines - Des Moines [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	647
Building and Improvements	13,645
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	31
Gross Amount	14,323
Accumulated Depreciation	612
Prairie Hills at Tipton - Tipton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	306
Building and Improvements	10,370
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	10,676
Accumulated Depreciation	382
Prairie Hills at Independence - Independence [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	473
Building and Improvements	10,534
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	3
Gross Amount	11,010
Accumulated Depreciation	412
Prairie Hills at Ottumwa - Ottumwa [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	538
Building and Improvements	9,100
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	24
Gross Amount	9,662
Accumulated Depreciation	382
Sunnybrook of Burlington - Land - Burlington [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	620
Building and Improvements	0
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	620
Accumulated Depreciation	0
Benedictine Cancer Center - Kingston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	6,811
Land	0
Building and Improvements	13,274
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	13,274
Accumulated Depreciation	462
Buchanan Meadows - Buchanan [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	288
Building and Improvements	6,988
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	7,276
Accumulated Depreciation	304
Crystal Springs - Kentwood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	661
Building and Improvements	14,507
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	15,168
Accumulated Depreciation	696
Golden Orchards - Fennville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	418
Building and Improvements	5,318
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	5,736
Accumulated Depreciation	215
Lakeside Vista - Holland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	378
Building and Improvements	12,196
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	12,574
Accumulated Depreciation	518
Liberty Court - Dixon [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	119
Building and Improvements	1,957
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	2,076
Accumulated Depreciation	93
Prestige Centre - Buchanan [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	297
Building and Improvements	2,207
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	2,504
Accumulated Depreciation	112
Prestige Commons - Chesterfield Twp [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	318
Building and Improvements	5,346
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	5,664
Accumulated Depreciation	216
Prestige Pines - Dewitt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	476
Building and Improvements	3,065
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	3,541
Accumulated Depreciation	176
Prestige Place - Clare [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	59
Building and Improvements	1,169
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	1,228
Accumulated Depreciation	98
Prestige Point - Grand Blanc [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	268
Building and Improvements	3,037
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	3,305
Accumulated Depreciation	156
Prestige Way - Holt [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	527
Building and Improvements	5,269
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	5,796
Accumulated Depreciation	264
The Atrium - Rockford [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	367
Building and Improvements	4,385
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,752
Accumulated Depreciation	202
Waldon Woods - Wyoming [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	527
Building and Improvements	5,696
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,223
Accumulated Depreciation	332
Whispering Woods - Grand Rapids [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	806
Building and Improvements	12,204
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	13,010
Accumulated Depreciation	596
Arrowhead Medical Plaza I - Glendale [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	6,377
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	53
Gross Amount	6,430
Accumulated Depreciation	218
Golden Years - Harrisonville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	620
Building and Improvements	8,401
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	9,021
Accumulated Depreciation	435
Cardiovascular Consultants of Cape Girardeau Medical Office Building- Cape Girardeau [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,624
Building and Improvements	5,303
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,927
Accumulated Depreciation	247
FOC Clinical - Mechanicsburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	19,634
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	19,634
Accumulated Depreciation	699
Brady MOB - Harrisburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	22,485
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	22,485
Accumulated Depreciation	709
Community Health MOB - Harrisburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	6,170
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,170
Accumulated Depreciation	199
FOC I - Mechanicsburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	8,923
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	21
Gross Amount	8,944
Accumulated Depreciation	326
FOC II - Mechanicsburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	16,473
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	16,473
Accumulated Depreciation	591
Harrisburg Pennsylvania Hospital [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	32,484
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	32,484
Accumulated Depreciation	1,028
Diamond View Assisted Living Community - Meridian [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	498
Building and Improvements	7,053
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	71
Gross Amount	7,622
Accumulated Depreciation	376
Benton House - Brunswick - Brunswick [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,509
Building and Improvements	14,385
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	7
Gross Amount	15,901
Accumulated Depreciation	608
Benton House - Dublin - Dublin [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	403
Building and Improvements	9,254
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	20
Gross Amount	9,677
Accumulated Depreciation	425
Benton House - Johns Creek - Johns Creek [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	997
Building and Improvements	11,849
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	51
Gross Amount	12,897
Accumulated Depreciation	512
Benton House - Lee's Summit - Lee's Summit [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	2,734
Building and Improvements	24,970
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	15
Gross Amount	27,719
Accumulated Depreciation	975
Benton House - Roswell - Roswell [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,000
Building and Improvements	8,509
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	69
Gross Amount	9,578
Accumulated Depreciation	413
Benton House - Titusville - Titusville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,379
Building and Improvements	13,827
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	70
Gross Amount	15,276
Accumulated Depreciation	626
Allegro at Elizabethtown - Elizabethtown [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	317
Building and Improvements	7,261
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	124
Gross Amount	7,702
Accumulated Depreciation	351
Allegro at Jupiter - Jupiter [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	3,741
Building and Improvements	49,413
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	49
Gross Amount	53,203
Accumulated Depreciation	1,938
Allegro at St Petersburg - St Petersburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	3,791
Building and Improvements	7,950
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	143
Gross Amount	11,884
Accumulated Depreciation	483
Allegro at Stuart - Stuart [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	5,018
Building and Improvements	60,505
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	102
Gross Amount	65,625
Accumulated Depreciation	2,423
Allegro at Tarpon - Tarpon Springs [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	2,360
Building and Improvements	13,412
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	42
Gross Amount	15,814
Accumulated Depreciation	680
Allegro at St Petersburg - Land - St Petersburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	3,045
Building and Improvements	0
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	3,045
Accumulated Depreciation	0
Gateway Medical Office Building - Clarksville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	16,367
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	242
Gross Amount	16,609
Accumulated Depreciation	531
757 Building - Munster [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	645
Building and Improvements	7,885
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	8,530
Accumulated Depreciation	241
Dyer Building - Dyer [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	601
Building and Improvements	8,867
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	67
Gross Amount	9,535
Accumulated Depreciation	269
759 Building - Munster [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,101
Building and Improvements	8,899
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	10,000
Accumulated Depreciation	279
761 Building - Munster [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,436
Building and Improvements	8,580
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	10,016
Accumulated Depreciation	279
Schererville Building - Schererville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,260
Building and Improvements	750
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	96
Gross Amount	2,106
Accumulated Depreciation	42
Nuvista at Hillsborough - Lutz [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	913
Building and Improvements	17,176
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	18,089
Accumulated Depreciation	896
Nuvista at Wellington Green - Wellington [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	4,273
Building and Improvements	42,098
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	46,371
Accumulated Depreciation	1,838
Mount Vernon Medical Office Building - Mount Vernon [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	18,519
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	18,519
Accumulated Depreciation	544
Meadowbrook Senior Living - Agoura Hills [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	8,821
Building and Improvements	48,454
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	10
Gross Amount	57,285
Accumulated Depreciation	1,523
Hampton River Medical Arts Building - Hampton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	17,706
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	17,706
Accumulated Depreciation	542
Careplex West Medical Office Building- Hampton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	2,628
Building and Improvements	16,098
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	18,726
Accumulated Depreciation	465
Wellington at Hershey's Mill - West Chester [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	8,531
Building and Improvements	78,409
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	334
Gross Amount	87,274
Accumulated Depreciation	2,431
Eye Specialty Group Medical Building - Memphis [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	775
Building and Improvements	7,223
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	7,998
Accumulated Depreciation	205
Benton House - Prairie Village - Prairie Village [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,782
Building and Improvements	21,831
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	7
Gross Amount	23,620
Accumulated Depreciation	767
Benton House - Alpharetta [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,604
Building and Improvements	26,055
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	10
Gross Amount	27,669
Accumulated Depreciation	890
Medical Sciences Pavilion - Harrisburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	22,309
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	22,309
Accumulated Depreciation	612
Bloom MOB - Harrisburg [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	15,928
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	20
Gross Amount	15,948
Accumulated Depreciation	450
Pinnacle Center - Southaven [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,378
Building and Improvements	6,418
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	189
Gross Amount	7,985
Accumulated Depreciation	201
Wood Glen Nursing and Rehab Center - West Chicago [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,896
Building and Improvements	16,107
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	18,003
Accumulated Depreciation	654
Paradise Valley Medical Plaza - Phoenix [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	25,187
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	358
Gross Amount	25,545
Accumulated Depreciation	671
Victory Medical Center at Craig Ranch - McKinney [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,596
Building and Improvements	40,389
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	4
Gross Amount	41,989
Accumulated Depreciation	1,031
Capitol Healthcare & Rehab Centre - Springfield [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	603
Building and Improvements	21,690
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	22,293
Accumulated Depreciation	853
Colonial Healthcare & Rehab Centre- Princeton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	173
Building and Improvements	5,872
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,045
Accumulated Depreciation	301
Morton Terrace Healthcare & Rehab Centre - Morton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	709
Building and Improvements	5,650
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,359
Accumulated Depreciation	296
Morton Villa Healthcare & Rehab Centre - Morton [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	645
Building and Improvements	3,665
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	4,310
Accumulated Depreciation	178
Rivershores Healthcare & Rehab Centre - Marseilles [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,276
Building and Improvements	6,869
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	8,145
Accumulated Depreciation	296
The Heights Healthcare & Rehab Centre - Peoria Heights [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	213
Building and Improvements	7,952
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	8,165
Accumulated Depreciation	359
Acuity Specialty Hospital - Mesa [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,977
Building and Improvements	16,146
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	266
Gross Amount	18,389
Accumulated Depreciation	417
Acuity Specialty Hospital - Sun City [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	2,329
Building and Improvements	15,795
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	274
Gross Amount	18,398
Accumulated Depreciation	411
Benton House - Shoal Creek - Kansas City [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	3,723
Building and Improvements	22,206
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	10
Gross Amount	25,939
Accumulated Depreciation	650
Aurora Health Center - Green Bay [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,130
Building and Improvements	1,678
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	2,808
Accumulated Depreciation	41
Aurora Healthcare Center, Greenville,WI [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	259
Building and Improvements	958
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	1,217
Accumulated Depreciation	25
Aurora Healthcare Center Plymouth, WI [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	2,891
Building and Improvements	24,224
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	27,115
Accumulated Depreciation	525
Aurora Healthcare Center, Waterford, WI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	590
Building and Improvements	6,452
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	7,042
Accumulated Depreciation	135
Aurora Healthcare Center, Wautoma, WI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,955
Building and Improvements	4,361
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,316
Accumulated Depreciation	95
Aurora Sheboyan Clinic, Kiel, WI
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	676
Building and Improvements	2,214
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	2,890
Accumulated Depreciation	48
Arbor View Assisted Living and Memory Care - Burlington [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	367
Building and Improvements	7,815
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	8,182
Accumulated Depreciation	226
Advanced Orthopedic Medical Center - Richmond [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,523
Building and Improvements	19,229
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	20,752
Accumulated Depreciation	383
Palm Valley Medical Plaza AZ
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,525
Land	1,890
Building and Improvements	4,876
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	29
Gross Amount	6,795
Accumulated Depreciation	109
Physicians Plaza of Roane County - Harriman [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,746
Building and Improvements	7,813
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	9,559
Accumulated Depreciation	147
Adventist Health Lacey Medical Plaza - Hanford [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	328
Building and Improvements	13,267
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	13,595
Accumulated Depreciation	225
Commerical Center - Peoria [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	959
Building and Improvements	1,076
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	31
Gross Amount	2,066
Accumulated Depreciation	24
Medical Center I - Peoria [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	807
Building and Improvements	1,077
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	231
Gross Amount	2,115
Accumulated Depreciation	36
Medical Center II - Peoria [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	945
Building and Improvements	1,304
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	41
Gross Amount	2,290
Accumulated Depreciation	31
Medical Center III - Peoria [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	673
Building and Improvements	1,597
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	48
Gross Amount	2,318
Accumulated Depreciation	32
Dental Arts Building - Peoria [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	156
Building and Improvements	152
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	6
Gross Amount	314
Accumulated Depreciation	3
Redwood Radiology and Outpatient Center - Santa Rosa [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	3,701
Building and Improvements	11,314
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	15,015
Accumulated Depreciation	152
Morrow Medical Center - Morrow [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,155
Building and Improvements	5,618
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	6
Gross Amount	6,779
Accumulated Depreciation	77
Belmar Medical Building - Lakewood [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	819
Building and Improvements	4,273
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	5,092
Accumulated Depreciation	58
Addington Place of Northville - Northville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	440
Building and Improvements	14,975
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	6
Gross Amount	15,421
Accumulated Depreciation	241
Medical Center V - Peoria, AZ
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,231
Land	1,089
Building and Improvements	3,145
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	37
Gross Amount	4,271
Accumulated Depreciation	44
Legacy Medical Village - Plano [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	3,755
Building and Improvements	31,021
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	34,776
Accumulated Depreciation	417
Conroe Medical Arts and Surgery Center - Conroe [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,965
Building and Improvements	12,032
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	13,997
Accumulated Depreciation	175
Scripps Cedar Medical Center - Vista [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,213
Building and Improvements	14,531
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	15,744
Accumulated Depreciation	157
NuVista Institute for Healthy Living - Jupiter [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	10,000
Building and Improvements	0
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	10,000
Accumulated Depreciation	0
Ocean Park of Brookings - Brookings [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	861
Building and Improvements	8,367
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	9,228
Accumulated Depreciation	92
Ramsey Woods - Cudahy [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	930
Building and Improvements	4,990
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	5,920
Accumulated Depreciation	44
East Coast Square North - Morehead City [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	899
Building and Improvements	4,761
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	5,660
Accumulated Depreciation	32
East Coast Square West - Cedar Point [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,535
Building and Improvements	4,803
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,338
Accumulated Depreciation	33
Eastside Cancer Institute - Greenville [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,498
Building and Improvements	6,637
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	8,135
Accumulated Depreciation	30
Sassafras Medical Building - Erie [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	928
Building and Improvements	4,538
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	5,466
Accumulated Depreciation	20
Sky Lakes Klamath Medical Clinic - Klamath Falls [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	433
Building and Improvements	2,604
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	3,037
Accumulated Depreciation	12
Courtyard Fountains - Gresham, OR
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	24,999
Land	2,476
Building and Improvements	50,534
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	53,010
Accumulated Depreciation	130
Presence Healing Arts Pavilion - New Lenox [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	0
Building and Improvements	6,761
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	6,761
Accumulated Depreciation	15
Mainland Medical Arts Pavilion - Texas City [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	320
Building and Improvements	7,823
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	8,143
Accumulated Depreciation	18
Renaissance on Peachtree - Atlanta [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	4,535
Building and Improvements	68,605
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	9
Gross Amount	73,149
Accumulated Depreciation	171
Fox Ridge Senior Living at Bryant - Bryant
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	7,825
Land	1,687
Building and Improvements	12,862
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	14,549
Accumulated Depreciation	0
Fox Ridge Senior Living at Chenal - Little Rock
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	17,801
Land	6,896
Building and Improvements	20,484
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	27,380
Accumulated Depreciation	0
Fox Ridge Senior Living at Parkstone - North Little Rock
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	11,045
Land	0
Building and Improvements	19,190
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	19,190
Accumulated Depreciation	0
Autumn Leaves of Clear Lake - Houston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,599
Building and Improvements	13,194
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	14,793
Accumulated Depreciation	0
Autumn Leaves of Cy-Fair - Houston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	1,225
Building and Improvements	11,335
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	12,560
Accumulated Depreciation	0
Autumn Leaves of Meyerland- Houston [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	2,033
Building and Improvements	13,410
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	15,443
Accumulated Depreciation	0
Autumn Leaves of the Woodlands - The Woodlands [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land	2,413
Building and Improvements	9,140
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements	0
Gross Amount	11,553
Accumulated Depreciation	0
Encumbrances allocated based on notes below [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 31,257
Land
Building and Improvements
SEC Schedule III Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Buildings and Improvements
Gross Amount
Accumulated Depreciation
Cross Collateralized Mortgage Note Payable [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Secured Debt	$ 31,257

Real Estate and Accumulated D84

Real Estate and Accumulated Depreciation - Schedule III (Changes in Accumulated Depreciation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real estate investments, at cost:
Balance at beginning of year	$ 1,475,848	$ 39,778	$ 0
Additions-Acquisitions	602,655	1,436,070	39,778
Disposals	0	0	0
Balance at end of the year	2,078,503	1,475,848	39,778
Accumulated depreciation and amortization:
Balance at beginning of year	11,791	814	0
Depreciation Expense	48,784	10,977	814
Disposals	0	0	0
Balance at end of the year	$ 60,575	$ 11,791	$ 814