Griffin-American Healthcare REIT III (GRAH) 10-Q 15 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 12, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	gahr3
Entity Registrant Name	Griffin-American Healthcare REIT III, Inc.
Entity Central Index Key	1,566,912
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		195,088,516

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
ASSETS
Real estate investments, net		$ 1,903,970	$ 1,678,398
Real estate notes receivable and investment, net		144,927	144,477
Cash and cash equivalents		119,627	48,953
Accounts and other receivables, net		120,892	120,970
Restricted cash		21,118	18,538
Real estate deposits		6,894	3,333
Identified intangible assets, net		309,294	387,137
Goodwill		62,911	62,911
Other assets, net		72,111	60,302
Total assets		2,761,744	2,525,019
Liabilities:
Mortgage loans payable, net	[1]	402,367	295,270
Lines of credit and term loan	[1]	591,392	350,000
Accounts payable and accrued liabilities	[1]	97,872	101,917
Accounts payable due to affiliates	[1]	1,914	1,257
Derivative financial instruments	[1]	1,028	0
Identified intangible liabilities, net		2,171	1,026
Capital lease obligations	[1]	44,627	47,158
Security deposits, prepaid rent and other liabilities	[1]	23,046	22,146
Total liabilities		1,164,417	818,774
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests (Note 12)		25,282	22,987
Stockholders’ equity:
Preferred stock, $0.01 par value per share; 200,000,000 shares authorized; none issued and outstanding		0	0
Common stock, $0.01 par value per share; 1,000,000,000 shares authorized; 193,931,460 and 191,135,158 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively		1,939	1,911
Additional paid-in capital		1,744,940	1,718,423
Accumulated deficit		(358,798)	(227,715)
Accumulated other comprehensive loss		(1,995)	(506)
Total stockholders’ equity		1,386,086	1,492,113
Noncontrolling interests (Note 13)		185,959	191,145
Total equity		1,572,045	1,683,258
Total liabilities, redeemable noncontrolling interests and equity		$ 2,761,744	$ 2,525,019
[1]	Such liabilities of Griffin-American Healthcare REIT III, Inc. as of June 30, 2016 and December 31, 2015 represented liabilities of Griffin-American Healthcare REIT III Holdings, LP, a variable interest entity and consolidated subsidiary of Griffin-American Healthcare REIT III, Inc. The creditors of Griffin-American Healthcare REIT III Holdings, LP do not have recourse against Griffin-American Healthcare REIT III, Inc., except for the 2016 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $318,000,000 as of June 30, 2016 and the 2014 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $77,000,000 as of December 31, 2015, which are both guaranteed by Griffin-American Healthcare REIT III, Inc.

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands		Jun. 30, 2016	Dec. 31, 2015
Lines of credit and term loan	[1]	$ 591,392	$ 350,000
Preferred stock, par value (usd per share)		$ 0.01	$ 0.01
Preferred stock, shares authorized		200,000,000	200,000,000
Preferred stock, shares issued		0	0
Preferred stock, shares outstanding		0	0
Common stock, par value (usd per share)		$ 0.01	$ 0.01
Common stock, shares authorized		1,000,000,000	1,000,000,000
Common stock, shares, issued		193,931,460	191,135,158
Common stock, shares outstanding		193,931,460	191,135,158
2014 Corporate Line Of Credit [Member] | Line of Credit [Member]
Lines of credit and term loan			$ 77,000
Two Thousand Sixteen Corporate Line Of Credit [Member] | Line of Credit [Member]
Lines of credit and term loan		$ 318,000
[1]	Such liabilities of Griffin-American Healthcare REIT III, Inc. as of June 30, 2016 and December 31, 2015 represented liabilities of Griffin-American Healthcare REIT III Holdings, LP, a variable interest entity and consolidated subsidiary of Griffin-American Healthcare REIT III, Inc. The creditors of Griffin-American Healthcare REIT III Holdings, LP do not have recourse against Griffin-American Healthcare REIT III, Inc., except for the 2016 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $318,000,000 as of June 30, 2016 and the 2014 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $77,000,000 as of December 31, 2015, which are both guaranteed by Griffin-American Healthcare REIT III, Inc.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Resident fees and services	$ 215,103,000	$ 2,819,000	$ 433,458,000	$ 2,819,000
Real estate revenue	26,218,000	15,065,000	56,368,000	27,828,000
Total revenues	241,321,000	17,884,000	489,826,000	30,647,000
Expenses:
Property operating expenses	188,486,000	1,701,000	381,486,000	1,701,000
Rental expenses	7,200,000	4,962,000	13,929,000	8,602,000
General and administrative	7,253,000	2,401,000	14,147,000	5,168,000
Acquisition related expenses	4,833,000	13,267,000	8,248,000	22,675,000
Depreciation and amortization	70,316,000	8,135,000	141,212,000	12,808,000
Total expenses	278,088,000	30,466,000	559,022,000	50,954,000
Loss from operations	(36,767,000)	(12,582,000)	(69,196,000)	(20,307,000)
Interest expense (including amortization of deferred financing costs and debt discount/premium):
Interest expense	(9,788,000)	(560,000)	(19,323,000)	(957,000)
Loss in fair value of derivative financial instruments	(871,000)	0	(1,043,000)	0
Foreign currency loss	(3,567,000)	0	(5,042,000)	0
Interest and other income	145,000	299,000	369,000	323,000
Loss from unconsolidated entities	(1,945,000)	0	(4,561,000)	0
Loss before income taxes	(52,793,000)	(12,843,000)	(98,796,000)	(20,941,000)
Income tax benefit (expense)	884,000	0	(175,000)	0
Net loss	(51,909,000)	(12,843,000)	(98,971,000)	(20,941,000)
Less: net loss attributable to noncontrolling interests	12,529,000	0	25,324,000	0
Net loss attributable to controlling interest	$ (39,380,000)	$ (12,843,000)	$ (73,647,000)	$ (20,941,000)
Net loss per common share attributable to controlling interest — basic and diluted	$ (0.20)	$ (0.07)	$ (0.38)	$ (0.12)
Weighted average number of common shares outstanding — basic and diluted	193,698,615	187,460,097	192,969,733	176,494,837
Distributions declared per common share	$ 0.15	$ 0.15	$ 0.30	$ 0.30
Other comprehensive loss:
Foreign currency translation adjustments	$ (988,000)	$ 0	$ (1,489,000)	$ 0
Total other comprehensive loss	(988,000)	0	(1,489,000)	0
Comprehensive loss	(52,897,000)	(12,843,000)	(100,460,000)	(20,941,000)
Less: comprehensive loss attributable to noncontrolling interests	12,529,000	0	25,324,000	0
Comprehensive loss attributable to controlling interest	$ (40,368,000)	$ (12,843,000)	$ (75,136,000)	$ (20,941,000)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)	Total	Parent [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]
Beginning balance, Shares at Dec. 31, 2014			91,623,241
Beginning balance Stockholders' Equity at Dec. 31, 2014	$ 805,534,000	$ 805,534,000	$ 916,000	$ 821,043,000	$ (16,425,000)	$ 0	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, number of shares			93,632,371
Issuance of common stock	933,840,000	933,840,000	$ 936,000	932,904,000
Offering costs — common stock	(91,133,000)	(91,133,000)		(91,133,000)
Allocated Share-based Compensation Expense	50,000
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			7,500
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	15,000	15,000		15,000
Issuance of common stock under the DRIP, shares			2,804,888
Issuance of common stock under the DRIP	26,646,000	26,646,000	$ 28,000	26,618,000
Amortization of nonvested common stock compensation	35,000	35,000		35,000
Repurchase of common stock, number of shares			(80,810)
Repurchase of common stock	(803,000)	(803,000)	$ (1,000)	(802,000)
Distributions declared	(52,518,000)	(52,518,000)			(52,518,000)
Net loss	(20,941,000)	(20,941,000)			(20,941,000)
Other comprehensive loss	0
Ending balance, Shares at Jun. 30, 2015			187,987,190
Ending balance Stockholders' Equity at Jun. 30, 2015	1,600,675,000	1,600,675,000	$ 1,879,000	1,688,680,000	(89,884,000)	0	0
Beginning balance, Shares at Dec. 31, 2015			191,135,158
Beginning balance Stockholders' Equity at Dec. 31, 2015	1,683,258,000	1,492,113,000	$ 1,911,000	1,718,423,000	(227,715,000)	(506,000)	191,145,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Offering costs — common stock	(10,000)	(10,000)		(10,000)
Allocated Share-based Compensation Expense	61,000
Stock based compensation	393,000
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			7,500
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	15,000	15,000		15,000
Issuance of common stock under the DRIP, shares			3,419,642
Issuance of common stock under the DRIP	32,493,000	32,493,000	$ 34,000	32,459,000
Amortization of nonvested common stock compensation	46,000	46,000		46,000
Repurchase of common stock, number of shares			(630,840)
Repurchase of common stock	(5,999,000)	(5,999,000)	$ (6,000)	(5,993,000)
Contribution from noncontrolling interests	19,753,000						19,753,000
Distributions to noncontrolling interests	(8,000)						(8,000)
Distributions declared	(57,436,000)	(57,436,000)			(57,436,000)
Net loss	(98,971,000)	(73,647,000)			(73,647,000)		(25,324,000)
Other comprehensive loss	(1,489,000)	(1,489,000)				(1,489,000)
Ending balance, Shares at Jun. 30, 2016			193,931,460
Ending balance Stockholders' Equity at Jun. 30, 2016	$ 1,572,045,000	$ 1,386,086,000	$ 1,939,000	$ 1,744,940,000	$ (358,798,000)	$ (1,995,000)	$ 185,959,000

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (98,971,000)	$ (20,941,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	141,212,000	12,808,000
Other amortization (including deferred financing costs, above/below-market leases, leasehold interests, debt discount/premium, real estate notes receivable loan costs and investment accretion and closing costs)	2,328,000	676,000
Deferred rent	(3,497,000)	(999,000)
Stock based compensation	393,000	0
Allocated Share-based Compensation Expense	61,000	50,000
Acquisition fees paid in stock	0	501,000
Share discounts	0	636,000
Loss from unconsolidated entities	4,561,000	0
Bad debt expense, net	2,148,000	42,000
Foreign currency loss	5,042,000	0
Change in fair value of contingent consideration	258,000	(580,000)
Change in fair value of derivative financial instruments	1,043,000	0
Changes in operating assets and liabilities:
Accounts and other receivables	(8,820,000)	(4,348,000)
Other assets	(3,942,000)	(484,000)
Accounts payable and accrued liabilities	31,314,000	6,486,000
Accounts payable due to affiliates	572,000	620,000
Security deposits, prepaid rent and other liabilities	113,000	(264,000)
Net cash provided by (used in) operating activities	73,815,000	(5,797,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of real estate investments	(191,116,000)	(565,472,000)
Acquisition of real estate notes receivable	(1,942,000)	(60,217,000)
Loan costs on real estate notes receivable	(39,000)	(1,273,000)
Capital expenditures	(24,095,000)	(544,000)
Restricted cash	(2,580,000)	(1,510,000)
Real estate deposits	(753,000)	(1,079,000)
Net cash used in investing activities	(220,525,000)	(630,095,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under mortgage loans payable	2,893,000	0
Payments on mortgage loans payable	(2,771,000)	(313,000)
Borrowings under the lines of credit and term loan	335,503,000	0
Payments under the lines of credit and term loan	(94,111,000)	0
Payment of derivative financial instrument	(15,000)	0
Proceeds from issuance of common stock	0	975,121,000
Deferred financing costs	(9,171,000)	(523,000)
Contingent consideration related to acquisition of real estate	(350,000)	0
Repurchase of common stock	(5,999,000)	(803,000)
Payments under capital leases	(5,265,000)	0
Contribution from noncontrolling interests	19,753,000	0
Distributions to noncontrolling interests	(8,000)	0
Contribution from redeemable noncontrolling interests	2,295,000	0
Security deposits	0	536,000
Payment of offering costs	(10,000)	(95,404,000)
Distributions paid	(25,106,000)	(19,590,000)
Net cash provided by financing activities	217,638,000	859,024,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	70,928,000	223,132,000
EFFECT OF FOREIGN CURRENCY TRANSLATION ON CASH AND CASH EQUIVALENTS	(254,000)	0
CASH AND CASH EQUIVALENTS — Beginning of period	48,953,000	504,894,000
CASH AND CASH EQUIVALENTS — End of period	119,627,000	728,026,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for: Interest (including interest on capital leases)	22,364,000	782,000
Cash paid for: Income taxes	289,000	9,000
Investing Activities:
Accrued capital expenditures	1,630,000	488,000
Real estate deposit	2,809,000	0
Settlement of receivable for investment in unconsolidated entity	3,877,000	0
Tenant improvement overage	13,000	0
The following represents the increase in certain assets and liabilities in connection with our acquisitions of real estate investments:
Other receivables	0	41,000
Other assets	177,000	1,331,000
Mortgage loans payable, net	108,580,000	37,481,000
Accounts payable and accrued liabilities	303,000	830,000
Security deposits, prepaid rent and other liabilities	937,000	7,449,000
Financing Activities:
Issuance of common stock under the DRIP	32,493,000	26,646,000
Distributions declared but not paid	9,582,000	9,274,000
Accrued offering costs due to affiliates	0	1,000
Accrued deferred financing costs	$ 0	$ 56,000

Organization and Description of

Organization and Description of Business	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	1. Organization and Description of Business Griffin-American Healthcare REIT III, Inc., a Maryland corporation, was incorporated on January 11, 2013 and therefore we consider that our date of inception. We were initially capitalized on January 15, 2013 . We invest in a diversified portfolio of real estate properties, focusing primarily on medical office buildings, hospitals, skilled nursing facilities, senior housing and other healthcare-related facilities. We also operate healthcare-related facilities utilizing the structure permitted by the REIT Investment Diversification and Empowerment Act of 2007, which is commonly referred to as a “RIDEA” structure (the provisions of the Internal Revenue Code of 1986, as amended, or the Code, authorizing the RIDEA structure were enacted as part of the Housing and Economic Recovery Act of 2008). We also originate and acquire secured loans and real estate-related investments on an infrequent and opportunistic basis. We generally seek investments that produce current income. We qualified to be taxed as a real estate investment trust, or REIT, under the Code, for federal income tax purposes beginning with our taxable year ended December 31, 2014 , and we intend to continue to qualify to be taxed as a REIT. On February 26, 2014, we commenced a best efforts initial public offering, or our initial offering, in which we initially offered to the public up to $1,750,000,000 in shares of our common stock for $10.00 per share in our primary offering and up to $150,000,000 in shares of our common stock pursuant to our distribution reinvestment plan, or the DRIP, for $9.50 per share, aggregating up to $1,900,000,000 . We reserved the right to reallocate the shares of common stock we offered in our initial offering between the primary offering and the DRIP. As such, during our initial offering, we reallocated an aggregate of $115,000,000 in shares from the DRIP to the primary offering. Accordingly, we offered to the public up to $1,865,000,000 in shares of our common stock in our primary offering and up to $35,000,000 in shares of our common stock pursuant to the DRIP. On March 12, 2015, we terminated the primary portion of our initial offering. We continued to offer up to $35,000,000 in shares of our common stock through our initial offering pursuant to the DRIP until the termination of the DRIP portion of our initial offering and deregistration of our initial offering on April 22, 2015. As of April 22, 2015, we had received and accepted subscriptions in our initial offering for 184,930,598 shares of our common stock, or $1,842,618,000 , excluding shares of our common stock issued pursuant to the DRIP. As of April 22, 2015, a total of $18,511,000 in distributions were reinvested that resulted in 1,948,563 shares of our common stock being issued pursuant to the DRIP. On March 25, 2015, we filed a Registration Statement on Form S-3 under the Securities Act of 1933, as amended, or the Securities Act, to register a maximum of $250,000,000 of additional shares of our common stock pursuant to our distribution reinvestment plan, or the Secondary DRIP. The Registration Statement on Form S-3 was automatically effective with the United States Securities and Exchange Commission, or the SEC, upon its filing; however, we did not commence offering shares pursuant to the Secondary DRIP until April 22, 2015, following the deregistration of our initial offering. As of June 30, 2016 , a total of $76,051,000 in distributions were reinvested and 8,004,345 shares of our common stock were issued pursuant to the Secondary DRIP. We conduct substantially all of our operations through Griffin-Am erican Healthcare REIT III Holdings, LP, or our operating partnership. We are externally advised by Griffin-American Healthcare REIT III Advisor, LLC, or Griffin-American Advisor, or our advisor, pursuant to an advisory agreement, or the Advisory Agreement, between us and our advisor. The Advisory Agreement was effective as of February 26, 2014 and had a one -year term, but was subject to successive one -year renewals upon the mutual consent of the parties. The Advisory Agreement was renewed pursuant to the mutual consent of the parties on February 25, 2016 and expires on February 26, 2017. O ur advisor uses its best efforts, subject to the oversight, review and approval of our board of directors, to, among other things, research, identify, review and make investments in and dispositions of properties and securities on our behalf consistent with our investment policies and objectives. Our advisor performs its duties and responsibilities under the Advisory Agreement as our fiduciary. Our a dvisor is 75.0% owned and managed by American Healthcare Investors, LLC, or American Healthcare Investors, and 25.0% owned by a wholly owned subsidiary of Griffin Capital Corporation, or Griffin Capital, or collectively, our co-sponsors. Effective March 1, 2015, American Healthcare Investors is 47.1% owned by AHI Group Holdings, LLC (formerly known as American Healthcare Investors LLC), or AHI Group Holdings, 45.1% indirectly owned by NorthStar Asset Management Group, Inc., or NSAM, and 7.8% owned by James F. Flaherty III, one of NSAM’s partners. We are not affiliated with Griffin Capital, Griffin Capital Securities, LLC, or Griffin Securities, or our dealer manager, NSAM or Mr. Flaherty; however, we are affiliated with Griffin-American Advisor, American Healthcare Investors and AHI Group Holdings. We currently operate through six reportable business segments: medical office buildings, hospitals, skilled nursing facilities, senior housing, senior housing — RIDEA and integrated senior health campuses. As of June 30, 2016 , we had completed 43 real estate acquisitions whereby we owned and/or operated 82 properties, comprised of 85 buildings, and 101 integrated senior health campuses including completed development projects, or approximately 11,417,000 square feet of gross leasable area, or GLA, for an aggregate contract purchase price of $2,523,360,000 . In addition, as of June 30, 2016, we had acquired real estate-related investments for an aggregate purchase price of $144,176,000 .

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies The summary of significant accounting policies presented below is designed to assist in understanding our accompanying condensed consolidated financial statements. Such condensed consolidated financial statements and the accompanying notes thereto are the representations of our management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America, or GAAP, in all material respects, and have been consistently applied in preparing our accompanying condensed consolidated financial statements. Basis of Presentation Our accompanying condensed consolidated financial statements include our accounts and those of our operating partnership, the wholly owned subsidiaries of our operating partnership and all non-wholly owned subsidiaries in which we have control, as well as any variable interest entities, or VIEs, in which we are the primary beneficiary. We evaluate our ability to control an entity, and whether the entity is a VIE and of which we are the primary beneficiary, by considering substantive terms of the arrangement and identifying which enterprise has the power to direct the activities of the entity that most significantly impacts the entity’s economic performance as defined in Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, Topic 810, Consolidation , or ASC Topic 810. We operate and intend to co ntinue to operate in an umbrella partnership REIT structure in which our operating partnership, or wholly owned subsidiaries of our operating partnership and all non-wholly owned subsidiaries of which we have control, will own substantially all of the interests in properties acquired on our behalf. We are the sole general partner of o ur operating partnership and as of June 30, 2016 and December 31, 2015 , we owned greater than a 99.99% general partnership interest therein. As of June 30, 2016 and December 31, 2015 , our advisor owned less than a 0.01% limited partnership interest in our operating partnership. Because we are the sole general partner of our operating partnership and have unilateral control over its management and major operating decisions (even if additional limited partners are admitted to our operating partnership), the accounts of our operating partnership are consolidated in our accompanying condensed consolidated financial statements. All intercompany accounts and transactions are eliminated in consolidation. Interim Unaudited Financial Data Our accompanying condensed consolidated financial statements have been prepared by us in accordance with GAAP in conjunction with the rules and regulations of the SEC. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, our accompanying condensed consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. Our accompanying condensed consolidated financial statements reflect all adjustments which are, in our view, of a normal recurring nature and necessary for a fair presentation of our financial position, results of operations and cash flows for the interim period. Interim results of operations are not necessarily indicative of the results to be expected for the full year; such full year results may be less favorable. In preparing our accompanying condensed consolidated financial statements, management has evaluated subsequent events through the financial statement issuance date. We believe that although the disclosures contained herein are adequate to prevent the information presented from being misleading, our accompanying condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto included in our 2015 Annual Report on Form 10-K, as filed with the SEC on March 30, 2016. Use of Estimates The preparation of our accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as the disclosure of contingent assets and liabilities, at the date of our condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are made and evaluated on an on-going basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates, perhaps in material adverse ways, and those estimates could be different under different assumptions or conditions. Allowance for Uncollectible Accounts Tenant and resident receivables and unbilled deferred rent receivables are carried net of an allowance for uncollectible amounts. An allowance is maintained for estimated losses resulting from the inability of certain tenants or residents to meet the contractual obligations under their lease agreements. We also maintain an allowance for deferred rent receivables arising from the straight-line recognition of rents. Such allowances are charged to bad debt expense, which is included in general and administrative in our accompanying condensed consolidated statements of operations and comprehensive loss. Our determination of the adequacy of these allowances is based primarily upon evaluations of historical loss experience, the tenant’s or resident’s financial condition, security deposits, letters of credit, lease guarantees, current economic conditions and other relevant factors. As of June 30, 2016 and December 31, 2015 , we had $10,720,000 and $11,204,000 , respectively, in allowance for uncollectible accounts, which was determined necessary to reduce receivables to our estimate of the amount recoverable. For the three and six months ended June 30, 2016 and 2015 , we did not write off any receivables to bad debt expense. For the three and six months ended June 30, 2016 , $1,015,000 and $2,593,000 , respectively, of our receivables were written off against the allowance for uncollectible accounts. For the three and six months ended June 30, 2015 , we did not write off any receivables against the allowance for uncollectible accounts. As of June 30, 2016 and December 31, 2015 , we did not have any allowance for uncollectible accounts for deferred rent receivables. For the three and six months ended June 30, 2016 , $4,000 and $28,000 , respectively, of our deferred rent receivables were directly written off to bad debt expense. For the three and six months ended June 30, 2015 , we did not write off any of our deferred rent receivables directly to bad debt expense. Accounts Payable and Accrued Liabilities As of June 30, 2016 and December 31, 2015 , accounts payable and accrued liabilities consisted primarily of insurance payables of $20,575,000 and $21,689,000 , respectively, reimbursement of payroll related costs to the managers of our senior housing — RIDEA facilities and integrated senior health campuses of $15,502,000 and $19,391,000 , respectively, accrued property taxes of $13,020,000 and $11,447,000 , respectively, and accrued distributions of $9,582,000 and $9,745,000 , respectively. Derivative Financial Instruments We are exposed to the effect of interest rate changes in the normal course of business. We seek to mitigate these risks by following established risk management policies and procedures, which include the occasional use of derivatives. Our primary strategy in entering into derivative contracts, such as fixed interest rate swaps and interest rate caps, is to add stability to interest expense and to manage our exposure to interest rate movements by effectively converting a portion of our variable-rate debt to fixed-rate debt. We do not enter into derivative instruments for speculative purposes. Derivatives are recognized as either assets or liabilities in our accompanying condensed consolidated balance sheets and are measured at fair value in accordance with ASC Topic 815, Derivatives and Hedging , or ASC Topic 815. ASC Topic 815 establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts and for hedging activities. Since our derivative instruments are not designated as hedge instruments, they do not qualify for hedge accounting under ASC Topic 815. Changes in the fair value of interest rate derivative financial instruments are recorded as a component of interest expense in loss in fair value of derivative financial instruments in our accompanying condensed consolidated statements of operations and comprehensive loss. See Note 9, Derivative Financial Instruments , and Note 15, Fair Value Measurements , for a further discussion of our derivative financial instruments. Reclassifications As of December 31, 2015, $1,200,000 of deferred financing costs, net, related to our mortgage loans payable have been reclassified from other assets, net to mortgage loans payable, net on our accompanying condensed consolidated balance sheets to conform to the current period presentation in accordance with Accounting Standards Update, or ASU, 2015-03, Simplifying the Presentation of Debt Issuance Costs, or ASU 2015-03. Such reclassification did not have a material impact on our consolidated financial statements. Recently Issued or Adopted Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, or ASU 2014-09, which replaces the existing accounting standards for revenue recognition. ASU 2014-09 provides a five-step framework to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration expected to be received in exchange for those goods or services. Since its issuance, the FASB has amended several aspects of ASU 2014-09, including provisions that address principal-versus-agent implementation guidance and identifying performance obligations. ASU 2014-09 is effective for interim and annual reporting periods beginning after December 15, 2017. It may be adopted either by restating all years presented in the financial statements or by recording the impact of adoption as an adjustment to retained earnings at the beginning of the year of adoption. We have not yet selected a transition method nor have we determined the impact the adoption of ASU 2014-09 and its amendments on January 1, 2018 will have on our consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis, or ASU 2015-02, which amends the consolidation analysis required under ASC Topic 810. Specifically, ASU 2015-02: (i) modifies the evaluation of whether limited partnerships and similar legal entities are VIEs; (ii) eliminates the presumption that a general partner should consolidate a limited partnership; and (iii) amends the effect of fee arrangements in the primary beneficiary determination. Further, the application of ASU 2015-02 permits the use of either the full retrospective or modified retrospective adoption approach. ASU 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015 with early adoption permitted. We adopted ASU 2015-02 on January 1, 2016, which did not have a material impact on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying Presentation of Debt Issuance Costs , or ASU 2015-03, which amends the presentation of debt issuance costs in the financial statements to present such costs as a direct deduction from the carrying amount of the related debt liability rather than as an asset. Amortization of such costs is required to be reported as interest expense. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements , which clarified that debt issuance costs associated with line of credit arrangements may continue to be presented as an asset, regardless of whether there are any outstanding borrowings on the line of credit arrangement. The application of ASU 2015-03 requires retrospective adjustment of all prior periods presented. ASU 2015-03 is effective for interim and annual reporting periods beginning after December 15, 2015 with early adoption permitted. We adopted ASU 2015-03 on January 1, 2016, which did not have a material impact on our consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments, or ASU 2015-16, which eliminates the requirement to restate prior period financial statements for measurement period adjustments in a business combination. The cumulative effect of a measurement period adjustment as a result of a change in the provisional amounts, calculated as if the accounting had been completed as of the acquisition date, is required to be recorded in the reporting period in which the adjustment amount is determined, rather than retrospectively. Further, ASU 2015-16 requires that the acquirer present separately, on the face of the income statement or disclose in the notes, the portion of the amount recorded in the current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is effective for interim and annual reporting periods beginning after December 15, 2015 and should be applied prospectively to adjustments to provisional amounts that occur after the effective date. Early adoption is permitted for financial statements that have not yet been made available for issuance. We adopted ASU 2015-16 on January 1, 2016, which did not have a material impact on our consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities , or ASU 2016-01, which amends the classification and measurement of financial instruments. ASU 2016-01 revises the accounting related to: (i) the classification and measurement of investments in equity securities; and (ii) the presentation of certain fair value changes for financial liabilities measured at fair value. ASU 2016-01 also amends certain disclosure requirements associated with the fair value of financial instruments. ASU 2016-01 is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, with respect to only certain of the amendments in ASU 2016-01, for financial statements that have not yet been made available for issuance. ASU 2016-01 requires the application of the amendments by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with certain exceptions. We have not yet determined the impact the adoption of ASU 2016-01 on January 1, 2018 will have on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases , or ASU 2016-02, which amends the guidance on accounting for leases, including extensive amendments to the disclosure requirements. Under ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under ASU 2016-02, lessor accounting is largely unchanged. ASU 2016-02 is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption is permitted for financial statements that have not yet been made available for issuance. ASU 2016-02 requires a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We have not yet determined the impact the adoption of ASU 2016-02 on January 1, 2019 will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, or ASU 2016-09, which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory withholding requirements, as well as classification in the statement of cash flows. ASU 2016-09 requires disclosures about a change in accounting principle under ASC 250, Accounting Changes and Error Corrections , in the period of adoption. ASU 2016-09 is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption is permitted for financial statements that have not yet been made available for issuance. We do not expect the adoption of ASU 2016-09 on January 1, 2017 to have a material impact on our consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses, or ASU 2016-13, which introduces a new approach to estimate credit losses on certain types of financial instruments based on expected losses. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. ASU 2016-13 is effective for fiscal years and interim periods beginning after December 15, 2019. Early adoption is permitted after December 15, 2018. We have not yet determined the impact the adoption of ASU 2016-13 on January 1, 2020 will have on our consolidated financial statements.

Real Estate Investments, Net

Real Estate Investments, Net	6 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Real Estate Investments, Net	3. Real Estate Investments, Net Our real estate investments, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, Building, improvements and construction in process $ 1,749,366,000 $ 1,518,611,000 Land 138,525,000 123,906,000 Furniture, fixtures and equipment 74,339,000 62,481,000 1,962,230,000 1,704,998,000 Less: accumulated depreciation (58,260,000 ) (26,600,000 ) $ 1,903,970,000 $ 1,678,398,000 Depreciation expense for the three and six months ended June 30, 2016 was $16,208,000 and $31,669,000 , respectively. Depreciation expense for the three and six months ended June 30, 2015 was $4,934,000 and $8,321,000 , respectively. For the three months ended June 30, 2016 , we incurred capital expenditures of $9,262,000 on our integrated senior health campuses, $1,168,000 on our medical office buildings and $381,000 on our senior housing — RIDEA facilities. We did no t have any capital expenditures on our hospitals, our senior housing facilities nor our skilled nursing facilities for the three months ended June 30, 2016 . In addition to the acquisitions discussed below, for the six months ended June 30, 2016 , we incurred capital expenditures of $22,270,000 on our integrated senior health campuses, $1,777,000 on our medical office buildings, $401,000 on our senior housing — RIDEA facilities and $5,000 on our hospitals. We did not have any capital expenditures on our senior housing facilities nor our skilled nursing facilities for the six months ended June 30, 2016 . We reimburse our advisor or its affiliates for acquisition expenses related to selecting, evaluating and acquiring assets. The reimbursement of acquisition expenses, acquisition fees and real estate commissions and other fees paid to unaffiliated parties will not exceed, in the aggregate, 6.0% of the contract purchase price or total development costs, unless fees in excess of such limits are approved by a majority of our directors, including a majority of our independent directors. For the three and six months ended June 30, 2016 and 2015 , such fees and expenses noted above did not exceed 6.0% of the contract purchase price of our property acquisitions. Acquisitions in 2016 For the six months ended June 30, 2016 , we completed nine property acquisitions comprising 11 buildings from unaffiliated parties. The aggregate contract purchase price of these properties was $268,224,000 and we incurred $4,991,000 in acquisition fees to our advisor in connection with these property acquisitions. The following is a summary of our property acquisitions for the six months ended June 30, 2016 : Acquisition(1) Location Type Date Acquired Contract Purchase Price Mortgage Loans Payable(2) 2016 Corporate Line of Credit(3) Acquisition Fee(4) Naperville MOB Naperville, IL Medical Office 01/12/16 $ 17,385,000 $ — $ 18,000,000 $ 391,000 Lakeview IN Medical Plaza(5) Indianapolis, IN Medical Office 01/21/16 20,000,000 15,000,000 3,500,000 387,000 Pennsylvania Senior Housing Portfolio II Palmyra, PA Senior Housing — RIDEA 02/01/16 27,500,000 — 27,200,000 619,000 Snellville GA MOB Snellville, GA Medical Office 02/05/16 8,300,000 — 8,300,000 187,000 Lakebrook Medical Center Westbrook, CT Medical Office 02/19/16 6,150,000 — — 138,000 Stockbridge GA MOB III Stockbridge, GA Medical Office 03/29/16 10,300,000 — 9,750,000 232,000 Joplin MO MOB Joplin, MO Medical Office 05/10/16 11,600,000 — 12,000,000 261,000 Austell GA MOB Austell, GA Medical Office 05/25/16 12,600,000 — 12,000,000 284,000 Middletown OH MOB Middletown, OH Medical Office 06/16/16 19,300,000 — 17,000,000 434,000 Trilogy(6) IN and KY Integrated Senior Health Campuses 06/24/16 135,089,000 93,150,000 30,310,000 2,058,000 Total $ 268,224,000 $ 108,150,000 $ 138,060,000 $ 4,991,000 ___________ (1) We own 100% of our properties acquired in 2016 with the exception of Lakeview IN Medical Plaza and Trilogy Investors, LLC, or Trilogy. (2) Represents the principal balance of the mortgage loans payable placed on the property at the time of acquisition. (3) Represents borrowings under the 2016 Corporate Line of Credit, as defined in Note 8, Lines of Credit and Term Loan , at the time of acquisition. (4) Our advisor was paid in cash, as compensation for services rendered in connection with the investigation, selection and acquisition of our properties, an acquisition fee of 2.25% of the contract purchase price of the property, except for Lakeview IN Medical Plaza and Trilogy, with respect to which we paid our advisor an acquisition fee of 2.25% of the portion of the contract purchase price attributed to our ownership interest of approximately 86.0% and 67.7% , respectively, in the entity that acquired the property. (5) On January 21, 2016, we completed the acquisition of Lakeview IN Medical Plaza, pursuant to a joint venture with an affiliate of Cornerstone Companies, Inc., an unaffiliated third party. Our effective ownership of the joint venture is 86.0% . (6) On June 24, 2016 and June 30, 2016, we acquired the real estate underlying seven previously leased integrated senior health campuses through a majority-owned subsidiary of Trilogy. Completed Development in 2016 For the six months ended June 30, 2016 , we completed the development of one integrated senior health campus, representing $13,957,000 , which is included in real estate investments, net, in our accompanying condensed consolidated balance sheets.

Real Estate Notes Receivable an

Real Estate Notes Receivable and Investment, Net	6 Months Ended
	Jun. 30, 2016
Real Estate Notes Receivable [Abstract]
Real Estate Notes Receivable and Investment, Net	4. Real Estate Notes Receivable and Investment, Net As of June 30, 2016 and December 31, 2015 , we had $144,927,000 and $144,477,000 of notes receivable and investment, net, respectively. The following is a summary of our notes receivable and investment as of June 30, 2016 and December 31, 2015 , including unamortized loan and closing costs, net: Balance Origination Date Maturity Date Contractual Interest Rate(1) Maximum Advances Available June 30, 2016 December 31, 2015 Acquisition Fee(2) Mezzanine Floating Rate Notes(3)(5) United States 02/04/15 12/09/16 6.44% $ 31,567,000 $ 31,277,000 $ 31,277,000 $ 631,000 Mezzanine Fixed Rate Notes(3)(5) United States 02/04/15 12/09/19 6.75% 28,650,000 28,650,000 28,650,000 573,000 Crown Senior Care Facility(4)(5) United Kingdom 09/16/15 various 6.50% 21,424,000 20,455,000 20,746,000 471,000 Investment(6) 10/15/15 08/25/25 4.24% N/A 62,039,000 60,945,000 1,209,000 142,421,000 141,618,000 $ 2,884,000 Unamortized loan and closing costs, net 2,506,000 2,859,000 $ 144,927,000 $ 144,477,000 ___________ (1) Represents the per annum interest rate in effect as of June 30, 2016 . (2) Our advisor was paid in cash, as compensation for services in connection with real estate-related investments, an acquisition fee of 2.00% of the total amount advanced or invested through June 30, 2016 . (3) On February 4, 2015, we acquired eight promissory notes at par in the aggregate outstanding principal amount of $60,217,000 , or the Mezzanine Notes, comprising four fixed-rate notes in the aggregate outstanding principal amount of $28,650,000 , or the Mezzanine Fixed Rate Notes, and four floating-rate notes in the aggregate outstanding principal amount of $31,567,000 , or the Mezzanine Floating Rate Notes. The Mezzanine Notes evidence interests in a portion of a mezzanine loan that consisted in total of 40 promissory notes in the aggregate outstanding principal amount of $389,852,000 . The mezzanine loan is secured by pledges of equity interests in the owners of a portfolio of domestic healthcare properties, which such owners are themselves owned indirectly by a non-wholly owned subsidiary of NorthStar Realty Finance Corp. The maturity date of the Mezzanine Floating Rate Notes may be extended by three successive one -year extension periods at the borrower’s option, subject to satisfaction of certain conditions. (4) We entered into a facility agreement with Caring Homes (TFP) Group Limited, or the CHG Borrower, an unaffiliated third party, on September 16, 2015. The facility agreement matures no later than September 21, 2016. The facility agreement is collateralized by two senior housing facilities in the United Kingdom, or the UK, and the income from the CHG Borrower’s operations. Based on the currency exchange rate as of June 30, 2016 , the maximum amount of advances available was £16,000,000 , or approximately $21,424,000 , and the outstanding balance as of June 30, 2016 was £15,276,000 , or approximately $20,455,000 . Based on the currency exchange rate as of June 30, 2016 , approximately $969,000 remained available for future funding under Crown Senior Care Facility, subject to certain conditions set forth in the applicable loan agreement. As of June 30, 2016 , the CHG Borrower has been identified as a VIE. We do not consolidate such VIE because we do not have the ability to control the activities that most significantly impact the VIE’s economic performance. Our exposure to loss as a result of involvement with such VIE is limited to the outstanding balance of Crown Senior Care Facility. (5) Balance represents the original principal balance, increased by any subsequent advances and decreased by any subsequent principal paydowns, and only requires monthly interest payments. The Mezzanine Floating Rate Notes, Mezzanine Fixed Rate Notes and Crown Senior Care Facility are subject to certain prepayment restrictions if repaid on or before the respective maturity dates. (6) On October 15, 2015, we acquired a commercial mortgage-backed debt security, or the debt security, for a purchase price of $60,429,000 from an unaffiliated third party. The debt security was issued by FREMF 2015-KS03 Mortgage Trust, or the Mortgage Trust, and represents a 10.0% beneficial ownership interest in the Mortgage Trust. The Mortgage Trust owns a pool of 59 mortgage loans that are secured by 59 domestic senior housing facilities. The debt security bears an interest rate on the stated principal amount thereof equal to 4.24% per annum, the terms of which security provide for monthly interest-only payments. The debt security matures on August 25, 2025 at a stated amount of $93,433,000 , resulting in an anticipated yield-to-maturity of 10.0% per annum. The debt security is subordinate to all other interests in the Mortgage Trust and is not guaranteed by a government-sponsored entity. We classify our debt security investment as held-to-maturity and we have not recorded any unrealized holding gains or losses on such investment. We reimburse our advisor or its affiliates for acquisition expenses related to selecting, evaluating and acquiring assets. The reimbursement of acquisition expenses, acquisition fees, real estate commissions and other fees paid to unaffiliated parties will not exceed, in the aggregate, 6.0% of the contract purchase price or total development costs, unless fees in excess of such limits are approved by a majority of our directors, including a majority of our independent directors. For the three and six months ended June 30, 2016 and 2015 , such fees and expenses noted above did not exceed 6.0% of the contract purchase price of our real estate-related investments. The changes in the carrying amount of real estate notes receivable and investment, net consisted of the following for the six months ended June 30, 2016 and 2015 : Six Months Ended June 30, 2016 2015 Beginning balance $ 144,477,000 $ — Additions: Acquisition of real estate notes receivable 1,942,000 60,217,000 Accretion on debt security 1,094,000 — Loan costs 39,000 1,273,000 Deductions: Foreign currency translation adjustments (2,249,000 ) — Amortization of loan and closing costs (376,000 ) (183,000 ) Ending balance $ 144,927,000 $ 61,307,000 For the three and six months ended June 30, 2016 and 2015 , we did not record any impairment losses on our real estate notes receivable and investment. Amortization expense on loan and closing costs for the three months ended June 30, 2016 and 2015 was $271,000 and $113,000 , respectively, and for the six months ended June 30, 2016 and 2015 , was $376,000 and $183,000 , respectively, which was recorded against real estate revenue in our accompanying condensed consolidated statements of operations and comprehensive loss.

Identified Intangible Assets, N

Identified Intangible Assets, Net	6 Months Ended
	Jun. 30, 2016
Finite-Lived Intangible Assets, Net [Abstract]
Identified Intangible Assets, Net	5. Identified Intangible Assets, Net Identified intangible assets, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 Amortized intangible assets: In-place leases, net of accumulated amortization of $120,826,000 and $35,531,000 as of June 30, 2016 and December 31, 2015, respectively (with a weighted average remaining life of 3.4 years and 2.5 years as of June 30, 2016 and December 31, 2015, respectively) $ 133,133,000 $ 221,846,000 Leasehold interests, net of accumulated amortization of $195,000 and $126,000 as of June 30, 2016 and December 31, 2015, respectively (with a weighted average remaining life of 56.1 years and 56.6 years as of June 30, 2016 and December 31, 2015, respectively) 7,699,000 7,768,000 Above-market leases, net of accumulated amortization of $2,096,000 and $1,360,000 as of June 30, 2016 and December 31, 2015, respectively (with a weighted average remaining life of 5.3 years and 5.0 years as of June 30, 2016 and December 31, 2015, respectively) 4,957,000 4,401,000 Unamortized intangible assets: Purchase option assets (1) 71,000,000 71,000,000 Certificates of need 62,238,000 51,855,000 Trade names 30,267,000 30,267,000 $ 309,294,000 $ 387,137,000 ___________ (1) Under certain leases of our leased facilities in which we are the lessee, we have the right to acquire the properties at varying dates in the future and at our option. We estimate the fair value of these purchase option assets by discounting the difference between the applicable property’s acquisition date fair value and an estimate of its future option price. We do not amortize the resulting intangible asset over the term of the lease, but rather adjust the recognized value of the asset upon purchase. Amortization expense for the three months ended June 30, 2016 and 2015 was $54,267,000 and $3,532,000 , respectively, which included $395,000 and $298,000 , respectively, of amortization recorded against real estate revenue for above-market leases and $35,000 and $34,000 , respectively, of amortization recorded to rental expenses for leasehold interests in our accompanying condensed consolidated statements of operations and comprehensive loss. Amortization expense for the six months ended June 30, 2016 and 2015 was $109,883,000 and $5,101,000 , respectively, which included $768,000 and $558,000 , respectively, of amortization recorded against real estate revenue for above-market leases and $70,000 and $57,000 , respectively, of amortization recorded to rental expenses for leasehold interests in our accompanying condensed consolidated statements of operations and comprehensive loss. The aggregate weighted average remaining life of the identified intangible assets was 6.2 years and 4.3 years as of June 30, 2016 and December 31, 2015 , respectively. As of June 30, 2016 , estimated amortization expense on the identified intangible assets for the six months ending December 31, 2016 and for each of the next four years ending December 31 and thereafter was as follows: Year Amount 2016 $ 88,319,000 2017 13,728,000 2018 6,871,000 2019 5,699,000 2020 4,558,000 Thereafter 26,614,000 $ 145,789,000

Other Assets, Net

Other Assets, Net	6 Months Ended
	Jun. 30, 2016
Other Assets [Abstract]
Other Assets, Net	6. Other Assets, Net Other assets, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 Investments in unconsolidated entities $ 26,527,000 $ 27,210,000 Inventory 15,297,000 16,313,000 Deferred financing costs, net of accumulated amortization of $1,709,000 and $550,000 as of June 30, 2016 and December 31, 2015, respectively(1) 11,377,000 6,344,000 Prepaid expenses, deposits and other assets 10,780,000 7,098,000 Deferred rent receivables 4,968,000 3,028,000 Lease commissions, net of accumulated amortization of $65,000 and $17,000 as of June 30, 2016 and December 31, 2015, respectively 3,162,000 309,000 $ 72,111,000 $ 60,302,000 ___________ (1) In accordance with ASU 2015-03 and ASU 2015-15, deferred financing costs, net only include costs related to our lines of credit and term loan. For the three and six months ended June 30, 2016 , we did not record impairment losses on our investments in unconsolidated entities. For the three and six months ended June 30, 2015 , we did not have any investments in unconsolidated entities. Amortization expense on lease commissions for the three months ended June 30, 2016 and 2015 was $33,000 and $1,000 , respectively, and for the six months ended June 30, 2016 and 2015 was $48,000 and $1,000 , respectively. Amortization expense on deferred financing costs of our lines of credit and term loan for three months ended June 30, 2016 and 2015 was $931,000 and $65,000 , respectively. Amortization expense on deferred financing costs of our lines of credit and term loan for the six months ended June 30, 2016 and 2015 was $1,647,000 and $129,000 , respectively. Amortization expense on deferred financing costs of our lines of credit and term loan is recorded to interest expense in our accompanying condensed consolidated statements of operations and comprehensive loss.

Mortgage Loans Payable, Net

Mortgage Loans Payable, Net	6 Months Ended
	Jun. 30, 2016
Mortgage Loans on Real Estate [Abstract]
Mortgage Loans Payable, Net	7. Mortgage Loans Payable, Net Mortgage loans payable were $420,512,000 ( $402,367,000 , including discount/premium and deferred financing costs, net) and $312,240,000 ( $295,270,000 , including discount/premium and deferred financing costs, net) as of June 30, 2016 and December 31, 2015 , respectively. As of June 30, 2016 , we had 30 fixed-rate and three variable-rate mortgage loans payable with effective interest rates ranging from 2.45% to 6.45% per annum based on interest rates in effect as of June 30, 2016 and a weighted average effective interest rate of 4.41% . As of December 31, 2015 , we had 30 fixed-rate mortgage loans and one variable-rate mortgage loan payable with effective interest rates ranging from 2.45% to 6.43% per annum and a weighted average effective interest rate of 3.98% . We are required by the terms of certain loan documents to meet certain covenants, such as net worth ratios, fixed charge coverage ratio, leverage ratio and reporting requirements. As of June 30, 2016 and December 31, 2015 , we were in compliance with all such requirements. Mortgage loans payable, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 Total fixed-rate debt $ 300,121,000 $ 302,892,000 Total variable-rate debt 120,391,000 9,348,000 Total fixed- and variable-rate debt 420,512,000 312,240,000 Less: deferred financing costs, net(1) (2,990,000 ) (1,200,000 ) Add: premium 2,018,000 1,916,000 Less: discount (17,173,000 ) (17,686,000 ) Mortgage loans payable, net $ 402,367,000 $ 295,270,000 ___________ (1) In accordance with ASU 2015-03 and ASU 2015-15, deferred financing costs, net only includes costs related to our mortgage loans payable. The changes in the carrying amount of mortgage loans payable, net consisted of the following for the six months ended June 30, 2016 and 2015 : Six Months Ended June 30, 2016 2015 Beginning balance $ 295,270,000 $ 16,742,000 Additions: Borrowings/assumptions of mortgage loans payable, net 111,473,000 37,481,000 Amortization of deferred financing costs 185,000 50,000 Deductions: Scheduled principal payments on mortgage loans payable (2,771,000 ) (313,000 ) Amortization of discount/premium on mortgage loans payable 184,000 (113,000 ) Deferred financing costs (1,974,000 ) (565,000 ) Ending balance $ 402,367,000 $ 53,282,000 As of June 30, 2016 , the principal payments due on our mortgage loans payable for the six months ending December 31, 2016 and for each of the next four years ending December 31 and thereafter were as follows: Year Amount 2016 $ 2,858,000 2017 13,343,000 2018 99,405,000 2019 20,861,000 2020 29,472,000 Thereafter 254,573,000 $ 420,512,000

Line of Credit

Line of Credit	6 Months Ended
	Jun. 30, 2016
Line of Credit Facility [Abstract]
Lines Of Credit	8. Lines of Credit and Term Loan 2014 Corporate Line of Credit On August 18, 2014, we, through our operating partnership and certain of our subsidiaries, entered into a credit agreement, or the 2014 Credit Agreement, with Bank of America, N.A., or Bank of America, as lender, administrative agent, swing line lender and issuer of letters of credit; KeyBank, National Association, or KeyBank as lender and syndication agent; and a syndicate of other banks, as lenders, to obtain a revolving line of credit with an aggregate maximum principal amount of $60,000,000 , or the 2014 Corporate Line of Credit. On August 18, 2014, we also entered into separate revolving notes, or the 2014 Corporate Revolving Notes, with each of Bank of America and KeyBank, whereby we promised to pay the principal amount of each revolving loan and accrued interest to the respective lender or its registered assigns, in accordance with the terms and conditions of the 2014 Corporate Credit Agreement. On November 30, 2015, we entered into a Commitment Increase Amendment Agreement with Bank of America, as administrative agent, swingline lender and issuer of letters of credit; Bank of America and KeyBank, as lenders; and the subsidiary guarantors named therein, to increase the aggregate maximum principal amount of the 2014 Corporate Line of Credit to $200,000,000 , subject to certain maximum borrowing conditions. Our aggregate borrowing capacity under the 2014 Corporate Line of Credit was $200,000,000 as of December 31, 2015 . As of December 31, 2015 , borrowings outstanding under the 2014 Corporate Line of Credit totaled $77,000,000 and $123,000,000 remained available under the 2014 Corporate Line of Credit. The weighted average interest rate on borrowings outstanding as of December 31, 2015 was 2.25% per annum. On February 3, 2016, we, through our operating partnership, terminated the 2014 Corporate Credit Agreement, as amended, and the 2014 Corporate Revolving Notes, with each of Bank of America and KeyBank and entered into the 2016 Corporate Line of Credit as described below. We currently do not have any obligations under the 2014 Corporate Credit Agreement or the 2014 Corporate Revolving Notes. 2016 Corporate Line of Credit On February 3, 2016, we, through our operating partnership and certain of our subsidiaries, or the subsidiary guarantors, entered into a credit agreement, or the 2016 Corporate Credit Agreement, with Bank of America, as administrative agent, a swing line lender and a letter of credit issuer; KeyBank, as syndication agent, a swing line lender and a letter of credit issuer; and a syndicate of other banks, as lenders, to obtain a revolving line of credit with an aggregate maximum principal amount of $300,000,000 , or the 2016 Corporate Revolving Credit Facility, and a term loan credit facility in the amount of $200,000,000 , or the 2016 Corporate Term Loan Facility, and together with the 2016 Corporate Revolving Credit Facility, the 2016 Corporate Line of Credit. Pursuant to the terms of the 2016 Corporate Credit Agreement, we may borrow up to $25,000,000 in the form of standby letters of credit and up to $25,000,000 in the form of swing line loans. The 2016 Corporate Line of Credit matures on February 3, 2019, and may be extended for one 12 -month period during the term of the 2016 Corporate Credit Agreement, subject to satisfaction of certain conditions, including payment of an extension fee. The maximum principal amount of the 2016 Corporate Line of Credit may be increased by up to $500,000,000 , for a total principal amount of $1,000,000,000 , subject to: (i) the terms of the 2016 Corporate Credit Agreement; and (ii) such additional financing being offered and provided by existing lenders or new lenders under the 2016 Corporate Credit Agreement. On February 3, 2016, we also entered into separate revolving notes, or the 2016 Corporate Revolving Notes, and separate term notes, or the Term Notes, with each of Bank of America, Keybank and a syndicate of other banks. Until such time as we or our operating partnership have obtained two investment grade ratings from any of Moody’s Investors Service, Inc., Standard & Poor’s Ratings Services and/or Fitch Ratings, loans under the 2016 Corporate Line of Credit bear interest at per annum rates equal to, at our option, either: (i)(a) the Eurodollar Rate, as defined in the 2016 Corporate Credit Agreement, plus (b) in the case of revolving loans, a margin ranging from 1.55% to 2.20% per annum based on our and our consolidated subsidiaries’ consolidated leverage ratio and in the case of term loans, a margin ranging from 1.50% to 2.10% per annum based on our and our consolidated subsidiaries’ consolidated leverage ratio; or (ii)(a) the greatest of: (1) the prime rate publicly announced by Bank of America, (2) the Federal Funds Rate (as defined in the Credit Agreement) plus 0.50% per annum, (3) the one-month Eurodollar Rate (as defined in the Credit Agreement) plus 1.00% per annum and (4) 0.00% , plus (b) in the case of revolving loans, a margin ranging from 0.55% to 1.20% per annum based on our consolidated leverage ratio and in the case of term loans, a margin ranging from 0.50% to 1.10% per annum based on our consolidated leverage ratio. After such time as we or our operating partnership have obtained two investment grade ratings from any of Moody’s Investors Service, Inc., Standard & Poor’s Rating Services and/or Fitch Ratings and submitted a written election to the administrative agent, loans under the 2016 Corporate Line of Credit shall bear interest at per annum rates equal to, at the option of our operating partnership, either: (i)(a) the Eurodollar Rate, as defined in the 2016 Corporate Credit Agreement, plus (b) in the case of revolving loans, a margin ranging from 0.925% to 1.70% per annum based on our or our operating partnership’s debt ratings and in the case of term loans, a margin ranging from 1.00% to 1.95% per annum based on our or our operating partnership’s debt ratings; or (ii)(a) the greatest of: (1) the prime rate publicly announced by Bank of America, (2) the Federal Funds Rate (as defined in the 2016 Corporate Credit Agreement) plus 0.50% per annum, (3) the one-month Eurodollar Rate (as defined in the 2016 Corporate Credit Agreement) plus 1.00% per annum and (4) 0.00% , plus (b) in the case of revolving loans, a margin ranging from 0.00% to 0.70% per annum based on our or our operating partnership’s debt ratings and in the case of term loans, a margin ranging from 0.00% to 0.95% per annum based on our or our operating partnership’s debt ratings. Accrued interest under the 2016 Corporate Credit Agreement is payable monthly. We are required to pay a fee on the unused portion of the lenders’ commitments under the 2016 Corporate Revolving Credit Facility in an amount equal to 0.30% per annum on the actual average daily unused portion of the available commitments if the average daily amount of actual usage is less than 50.0% and in an amount equal to 0.20% per annum on the actual average daily unused portion of the available commitments if the actual average daily usage is greater than 50.0% . Such fee is payable quarterly in arrears, which commenced in April 2016 . We are also required to pay a fee on the unused portion of the lenders’ commitments under the 2016 Corporate Term Loan Facility in an amount equal to: (i) 0.25% per annum multiplied by (ii) the actual daily amount of the unused Term Loan Commitments, as defined in the 2016 Corporate Credit Agreement, during the period for which payment is made. The unused fee on Term Loan Facility is payable quarterly in arrears, which commenced in April 2016. The 2016 Corporate Credit Agreement contains various affirmative and negative covenants that are customary for credit facilities and transactions of this type, including limitations on the incurrence of debt by our operating partnership and its subsidiaries and limitations on secured recourse indebtedness. As of June 30, 2016 we were in compliance with all such covenants and requirements. As of June 30, 2016 , our aggregate borrowing capacity under the 2016 Corporate Line of Credit was $500,000,000 . As of June 30, 2016 , borrowings outstanding under the 2016 Corporate Line of Credit totaled $318,000,000 , and $182,000,000 remained available under the 2016 Corporate Line of Credit. As of June 30, 2016 , the weighted average interest rate on borrowings outstanding was 2.95% per annum. Trilogy PropCo Line of Credit On December 1, 2015, in connection with the acquisition of Trilogy, we, through Trilogy PropCo Finance, LLC, a Delaware limited liability company (as the surviving entity of a merger with Trilogy Finance Merger Sub, LLC, or Trilogy PropCo Parent) and an indirect subsidiary of Trilogy, and certain of its subsidiaries, or the Trilogy Co-Borrowers, and, together with Trilogy PropCo Parent, or the Trilogy PropCo Borrowers, entered into a loan agreement, or the Trilogy PropCo Credit Agreement, with KeyBank, as administrative agent; Regions Bank, as syndication agent; and a syndicate of other banks, as lenders, to obtain a line of credit with an aggregate maximum principal amount of $300,000,000 , or the Trilogy PropCo Line of Credit. On December 1, 2015, we also entered into separate revolving notes with each of KeyBank and Regions Bank, whereby we promised to pay the principal amount of each revolving loan and accrued interest to the respective lender or its registered assigns, in accordance with the terms and conditions of the Trilogy Propco Credit Agreement. The proceeds of the loans made under the Trilogy Propco Line of Credit may be used for working capital, capital expenditures, acquisition of properties and fee interests in leasehold properties and general corporate purposes. The Trilogy PropCo Line of Credit has a four -year term, maturing on December 1, 2019, unless extended for a one -year period subject to satisfaction of certain conditions, including payment of an extension fee, or otherwise terminated in accordance with the terms thereunder. Availability of the total commitment under the Trilogy PropCo Line of Credit is subject to a borrowing base based on, among other things, the appraised value of certain real estate and villa units constructed on such real estate. On December 1, 2015, the Trilogy PropCo Borrowers borrowed $270,000,000 under the Trilogy PropCo Line of Credit, the proceeds of which were used to refinance certain indebtedness of certain Trilogy Co-Borrowers. Provided that no default or event of default has occurred and subject to certain terms and conditions set forth in the Trilogy PropCo Credit Agreement, the Trilogy PropCo Borrowers shall have the option, at any time and from time to time, before the maturity date, to request the increase of the total maximum principal amount by $100,000,000 to $400,000,000 . At the Trilogy PropCo Borrowers’ option, the Trilogy PropCo Line of Credit bears interest at a floating rate based on an adjusted London Interbank Offered Rate, or LIBOR, rate plus an applicable margin of 4.25% or an alternate base rate plus an applicable margin of 3.25% . In addition to paying interest on the outstanding principal under the Trilogy PropCo Line of Credit, the Trilogy PropCo Borrowers are required to pay an unused fee to the lenders in respect of the unutilized commitments at a rate equal to an initial rate of 0.25% per annum, subject to adjustment depending on usage. Outstanding amounts under the Trilogy PropCo Line of Credit may be prepaid, in whole or in part, at any time, without penalty or premium, subject to customary breakage costs. The Trilogy PropCo Credit Agreement contains various affirmative and negative covenants that are customary for credit facilities and transactions of this type, including incurrence of debt and limitations on secured recourse indebtedness. Our aggregate borrowing capacity under the Trilogy PropCo Line of Credit was $300,000,000 as of June 30, 2016 and December 31, 2015 . As of June 30, 2016 and December 31, 2015 , borrowings outstanding under the Trilogy PropCo Line of Credit totaled $250,000,000 and $273,000,000 , respectively, and $50,000,000 and $27,000,000 , respectively, remained available under the Trilogy PropCo Line of Credit. The weighted average interest rate on borrowings outstanding as of June 30, 2016 and December 31, 2015 was 4.71% and 4.50% , respectively, per annum. Trilogy OpCo Line of Credit On March 21, 2016, we, through Trilogy Healthcare Holdings, Inc., a Delaware corporation and a direct subsidiary of Trilogy and certain of its subsidiaries, or the Trilogy OpCo Borrowers, entered into a credit agreement, or the Trilogy OpCo Credit Agreement, with Wells Fargo Bank, National Association, as administrative agent and lender; and a syndicate of other banks, as lenders, to obtain a $42,000,000 secured revolving credit facility, or the Trilogy OpCo Line of Credit. The Trilogy OpCo Line of Credit is secured primarily by residents’ receivables of the Trilogy OpCo Borrowers. The principal amount of the Trilogy OpCo Line of Credit could have been increased one time during the term of the agreement by up to $18,000,000 , for a maximum amount of $60,000,000 , subject to the terms of the Trilogy OpCo Credit Agreement. On April 1, 2016, we increased the aggregate maximum principal amount of the Trilogy OpCo Line of Credit to $60,000,000 . The Trilogy OpCo Line of Credit has a five -year term, maturing on March 21, 2021, unless otherwise terminated in accordance with the terms thereunder. The Trilogy OpCo Line of Credit bears interest at a floating rate based on, at the Trilogy OpCo Borrowers’ option, an adjusted LIBOR rate plus an applicable margin of 3.00% or an alternate base rate plus an applicable margin of 2.00% . Accrued interest under the Trilogy Opco Line of Credit is payable monthly. In addition to paying interest on the outstanding principal under the Trilogy OpCo Line of Credit, the Trilogy OpCo Borrowers are required to pay an unused fee in an amount equal to 0.50% per annum times the average monthly unutilized commitment. The unused fee is payable monthly in arrears, commencing on the first day of each month from and after the closing date up to the first day of the month prior to the date on which the obligations are paid in full. If the commitment is terminated prior to the second anniversary of the closing date, a prepayment premium of 1.00% of the total commitment applies. The Trilogy OpCo Credit Agreement, as amended, contains customary events of default, covenants and other terms, including, among other things, restrictions on the payment of dividends and other distributions, incurrence of indebtedness, creation of liens and transactions with affiliates. Availability of the total commitment under the Trilogy OpCo Line of Credit is subject to a borrowing base based on, among other things, the eligible accounts receivable outstanding of the Trilogy OpCo Borrowers. Our aggregate borrowing capacity under the Trilogy OpCo Line of Credit was $60,000,000 as of June 30, 2016 , subject to certain terms and conditions. As of June 30, 2016 , borrowings outstanding under the Trilogy OpCo Line of Credit totaled $23,392,000 , and $36,608,000 remained available under the Trilogy OpCo Line of Credit. The weighted average interest rate on borrowings outstanding as of June 30, 2016 was 4.85% per annum.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure	9. Derivative Financial Instruments Consistent with ASC Topic 815, we record derivative financial instruments in our accompanying condensed consolidated balance sheets as either an asset or a liability measured at fair value. ASC Topic 815 permits special hedge accounting if certain requirements are met. Hedge accounting allows for gains and losses on derivatives designated as hedges to be offset by the change in value of the hedged item or items or to be deferred in other comprehensive loss. We did not have any derivative financial instruments as of December 31, 2015 . The following table lists the derivative financial instruments held by us as of June 30, 2016 : Notional Amount Index Interest Rate Fair Value Instrument Maturity Date $ 17,075,000 one month LIBOR 2.25 % $ — Cap 02/01/18 140,000,000 one month LIBOR 0.82 % (759,000 ) Swap 02/03/19 60,000,000 one month LIBOR 0.78 % (269,000 ) Swap 02/03/19 $ 217,075,000 $ (1,028,000 ) As of June 30, 2016 , none of our derivatives were designated as hedges. Derivatives not designated as hedges are not speculative and are used to manage our exposure to interest rate movements, but do not meet the strict hedge accounting requirements of ASC Topic 815. Changes in the fair value of derivative financial instruments are recorded as a component of interest expense in loss in fair value of derivative financial instruments in our accompanying condensed consolidated statements of operations and comprehensive loss. For the three and six months ended June 30, 2015 , we did not have any derivative financial instruments. For the three and six months ended June 30, 2016 , we recorded $871,000 and $1,043,000 , respectively, as an increase to interest expense in our accompanying condensed consolidated statements of operations and comprehensive loss related to the change in the fair value of our derivative financial instruments. See Note 15, Fair Value Measurements , for a further discussion of the fair value of our derivative financial instruments.

Identified Intangible Liabiliti

Identified Intangible Liabilities, Net	6 Months Ended
	Jun. 30, 2016
Identified Intangible Liabilities [Abstract]
Identified Intangible Liabilities, Net	10. Identified Intangible Liabilities, Net As of June 30, 2016 and December 31, 2015 , identified intangible liabilities consisted of below-market leases of $2,171,000 and $1,026,000 , respectively, net of accumulated amortization of $627,000 and $350,000 , respectively. Amortization expense on below-market leases for the three months ended June 30, 2016 and 2015 was $164,000 and $109,000 , respectively, and for the six months ended June 30, 2016 and 2015 was $277,000 and $188,000 , respectively. Amortization expense on below-market leases is recorded to real estate revenue in our accompanying condensed consolidated statements of operations and comprehensive loss. The weighted average remaining life of below-market leases was 4.8 years and 5.4 years as of June 30, 2016 and December 31, 2015 , respectively. As of June 30, 2016 , estimated amortization expense on below-market leases for the six months ending December 31, 2016 and for each of the next four years ending December 31 and thereafter was as follows: Year Amount 2016 $ 374,000 2017 568,000 2018 410,000 2019 336,000 2020 216,000 Thereafter 267,000 $ 2,171,000

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Litigation We are not presently subject to any material litigation nor, to our knowledge, is any material litigation threatened against us, which if determined unfavorably to us, would have a material adverse effect on our consolidated financial position, results of operations or cash flows. Environmental Matters We follow a policy of monitoring our properties for the presence of hazardous or toxic substances. While there can be no assurance that a material environmental liability does not exist at our properties, we are not currently aware of any environmental liability with respect to our properties that would have a material effect on our consolidated financial position, results of operations or cash flows. Further, we are not aware of any material environmental liability or any unasserted claim or assessment with respect to an environmental liability that we believe would require additional disclosure or the recording of a loss contingency. Other Our other commitments and contingencies include the usual obligations of real estate owners and operators in the normal course of business, which include calls/puts to sell/acquire properties. In our view, these matters are not expected to have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	6 Months Ended
	Jun. 30, 2016
Redeemable Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interest	12. Redeemable Noncontrolling Interests On January 15, 2013, our advisor made an initial capital contribution of $2,000 to our operating partnership in exchange for 222 limited partnership units. Upon the effectiveness of the Advisory Agreement on February 26, 2014, Griffin-American Advisor became our advisor. As of June 30, 2016 and December 31, 2015 , we owned greater than a 99.99% general partnership interest in our operating partnership and our advisor owned less than a 0.01% limited partnership interest in our operating partnership. As our advisor, Griffin-American Advisor is entitled to special redemption rights of its limited partnership units. The noncontrolling interest of our advisor in our operating partnership that has redemption features outside of our control is accounted for as redeemable noncontrolling interest and is presented outside of permanent equity in our accompanying condensed consolidated balance sheets. See Note 14, Related Party Transactions — Liquidity Stage — Subordinated Participation Interest — Subordinated Distribution Upon Listing and Note 14, Related Party Transactions — Subordinated Distribution Upon Termination, for a further discussion of the redemption features of the limited partnership units. On December 1, 2015, we, through Trilogy REIT Holdings, LLC, or Trilogy REIT Holdings, in which we indirectly hold a 70.0% ownership interest, pursuant to an equity purchase agreement with Trilogy and other seller parties thereto, completed the acquisition of approximately 96.7% of the outstanding equity interests of Trilogy. Pursuant to the equity purchase agreement, at the closing of the acquisition, certain members of Trilogy’s pre-closing management retained a portion of the outstanding equity interests of Trilogy held by such members of Trilogy’s pre-closing management, representing in the aggregate approximately 3.3% of the outstanding equity interests of Trilogy. The noncontrolling interests held by Trilogy’s pre-closing management have redemption features outside of our control and are accounted for as redeemable noncontrolling interest in our accompanying condensed consolidated balance sheets. As of June 30, 2016 , Trilogy REIT Holdings and certain members of Trilogy’s pre-closing management owned 96.7% and 3.3% of Trilogy, respectively. We record the carrying amount of redeemable noncontrolling interests at the greater of: (i) the initial carrying amount, increased or decreased for the noncontrolling interests’ share of net income or loss and distributions; or (ii) the redemption value. The changes in the carrying amount of redeemable noncontrolling interests consisted of the following for the six months ended June 30, 2016 and 2015 : Six Months Ended June 30, 2016 2015 Beginning balance $ 22,987,000 $ 2,000 Addition 2,295,000 — Net loss attributable to redeemable noncontrolling interests — — Ending balance $ 25,282,000 $ 2,000

Equity

Equity	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Equity	13. Equity Preferred Stock Our charter authorizes us to issue 200,000,000 shares of our preferred stock, par value $0.01 per share. As of June 30, 2016 and December 31, 2015 , no shares of preferred stock were issued and outstanding. Common Stock Our charter authorizes us to issue 1,000,000,000 shares of our common stock, par value $0.01 per share. On January 15, 2013, our advisor acquired 22,222 shares of our common stock for total cash consideration of $200,000 and was admitted as our initial stockholder. We used the proceeds from the sale of shares of our common stock to our advisor to make an initial capital contribution to our operating partnership. On March 12, 2015, we terminated the primary portion of our initial offering. We continued to offer shares of our common stock in our initial offering pursuant to the DRIP, until the termination of the DRIP portion of our initial offering and deregistration of our initial offering on April 22, 2015. On March 25, 2015, we filed a Registration Statement on Form S-3 under the Securities Act to register a maximum of $250,000,000 of additional shares of our common stock pursuant to the Secondary DRIP. The Registration Statement on Form S-3 was automatically effective with the SEC upon its filing; however, we did not commence offering shares pursuant to the Secondary DRIP until April 22, 2015, following the deregistration of our initial offering. Through June 30, 2016 , we had issued 184,930,598 shares of our common stock in connection with the primary portion of our initial offering and 9,952,908 shares of our common stock pursuant to the DRIP and the Secondary DRIP. We also repurchased 1,011,768 shares of our common stock under our share repurchase plan through June 30, 2016 . Through June 30, 2016 , we granted an aggregate of 37,500 shares of our restricted common stock to our independent directors. As of June 30, 2016 and December 31, 2015 , we had 193,931,460 and 191,135,158 shares of our common stock issued and outstanding, respectively. Offering Costs Selling Commissions Through the termination of the primary portion of our initial offering on March 12, 2015, we paid our dealer manager selling commissions of up to 7.0% of the gross offering proceeds from the sale of shares of our common stock in our initial offering other than shares of our common stock sold pursuant to the DRIP. Our dealer manager was permitted to re-allow all or a portion of these fees to participating broker-dealers. For the three and six months ended June 30, 2015 , we incurred $0 and $62,362,000 , respectively, in selling commissions to our dealer manager. Such commissions were charged to stockholders’ equity as such amounts were paid to our dealer manager from the gross proceeds of our initial offering. Dealer Manager Fee Through the termination of the primary portion of our initial offering on March 12, 2015, we paid our dealer manager a dealer manager fee of up to 3.0% of the gross offering proceeds from the sale of shares of our common stock in our initial offering other than shares of our common stock sold pursuant to the DRIP. For the three and six months ended June 30, 2015 , we incurred $0 and $27,789,000 , respectively, in dealer manager fees to our dealer manager. Such fees were charged to stockholders’ equity as such amounts were paid to our dealer manager or its affiliates from the gross proceeds of our initial offering. Accumulated Other Comprehensive Loss For the three and six months ended June 30, 2015 , we did not have other comprehensive loss. The changes in accumulated other comprehensive loss, net of noncontrolling interests, by component consisted of the following for the six months ended June 30, 2016 : Foreign Currency Translation Adjustments Balance — December 31, 2015 $ (506,000 ) Net change in current period (1,489,000 ) Balance — June 30, 2016 $ (1,995,000 ) Noncontrolling Interests On December 1, 2015, we, through Trilogy REIT Holdings, completed the acquisition of approximately 96.7% of the outstanding equity interests of Trilogy. As of June 30, 2016, Trilogy REIT Holdings owned 96.7% of Trilogy. We are the indirect owner of a 70.0% interest in Trilogy REIT Holdings and serve as the sole manager of Trilogy REIT Holdings. NorthStar Healthcare Income, Inc., through certain of its subsidiaries, owns a 30.0% ownership interest in Trilogy REIT Holdings. As of June 30, 2016 and December 31, 2015 , 30.0% of the net earnings of Trilogy REIT Holdings were allocated to noncontrolling interests. In connection with the acquisition of Trilogy on December 1, 2015, profit interest units in Trilogy, or the Profit Interests, were issued to Trilogy Management Services, LLC, an unaffiliated third party that manages the day-to-day operations of Trilogy. The Profit Interests consist of time-based or performance-based commitments. The time-based Profit Interests were measured at their grant date fair value and vest in increments of 20.0% on the anniversary date of the issuance date, December 1, over a five -year period. We amortize the time-based Profit Interests on a straight-line basis over the vesting period, which is recorded to general and administrative in our accompanying condensed consolidated statements of operations and comprehensive loss. The performance-based Profit Interests are subject to a performance commitment and vest upon liquidity events as defined in the Profit Interests agreements. The performance-based Profit Interests were measured at their grant date fair value and immediately expensed. The performance-based Profit Interests will be subject to fair value measurements until vesting occurs with changes to fair value recorded to general and administrative in our accompanying condensed consolidated statements of operations and comprehensive loss. For the three and six months ended June 30, 2016 , we recognized stock compensation expense related to the Profit Interests of $198,000 and $393,000 , respectively. No stock compensation expense related to the Profit Interests was recognized for the three and six months ended June 30, 2015 . There were no canceled, expired or exercised Profit Interests during the three and six months ended June 30, 2016 . As of June 30, 2016 and December 31, 2015 , no Profit Interests were vested. The nonvested awards are presented as noncontrolling interests and will be re-classified to redeemable noncontrolling interests upon vesting as they have redemption features outside of our control similar to the common units held by Trilogy’s pre-closing management once vested. See Note 12, Redeemable Noncontrolling Interests , for a further discussion. On January 6, 2016, one of our consolidated subsidiaries issued non-voting preferred shares of beneficial interests to qualified investors for total proceeds of $125,000 . These preferred shares of beneficial interests are entitled to receive cumulate preferential cash dividends at the rate of 12.5% per annum. In accordance with ASC Topic 810, we classify the value of the subsidiary’s preferred shares of beneficial interests as noncontrolling interests in our accompanying condensed consolidated balance sheets and the dividends of the preferred shares of beneficial interests as net loss attributable to noncontrolling interests in our accompanying condensed consolidated statements of operations and comprehensive loss. In addition, as of June 30, 2016 , we owned an 86.0% interest in a consolidated limited liability company that owns the Lakeview IN Medical Plaza property we acquired on January 21, 2016. As such, 14.0% of the earnings of the Lakeview IN Medical Plaza property were allocated to noncontrolling interests for the three and six months ended June 30, 2016 . Distribution Reinvestment Plan We adopted the DRIP that allowed stockholders to purchase additional shares of our common stock through the reinvestment of distributions at an offering price equal to 95.0% of the primary offering price of our initial offering, subject to certain conditions. We had registered and reserved $35,000,000 in shares of our common stock for sale pursuant to the DRIP in our initial offering at an offering price of $9.50 per share, which we terminated on April 22, 2015. On March 25, 2015, we filed a Registration Statement on Form S-3 under the Securities Act to register a maximum of $250,000,000 of additional shares of our common stock pursuant to the Secondary DRIP. The Registration Statement on Form S-3 was automatically effective with the SEC upon its filing; however, we did not commence offering shares pursuant to the Secondary DRIP until April 22, 2015, following the deregistration of our initial offering. For the three months ended June 30, 2016 and 2015 , $16,383,000 and $16,351,000 , respectively, in distributions were reinvested that resulted in 1,724,616 and 1,721,232 shares of our common stock, respectively, being issued pursuant to the DRIP and the Secondary DRIP. For the six months ended June 30, 2016 and 2015 , $32,493,000 and $26,646,000 , respectively, in distributions were reinvested that resulted in 3,419,642 and 2,804,888 shares of our common stock, respectively, being issued pursuant to the DRIP and the Secondary DRIP. As of June 30, 2016 and December 31, 2015 , a total of $94,562,000 and $62,069,000 , respectively, in distributions were reinvested that resulted in 9,952,908 and 6,533,267 shares of our common stock, respectively, being issued pursuant to the DRIP and the Secondary DRIP. Share Repurchase Plan Our board of directors has approved a share repurchase plan. Our share repurchase plan allows for repurchases of shares of our common stock by us when certain criteria are met. Share repurchases will be made at the sole discretion of our board of directors. Subject to the availability of the funds for share repurchases, we will limit the number of shares of our common stock repurchased during any calendar year to 5.0% of the weighted average number of shares of our common stock outstanding during the prior calendar year; provided, however, that shares subject to a repurchase requested upon the death of a stockholder will not be subject to this cap. Funds for the repurchase of shares of our common stock will come exclusively from the cumulative proceeds we receive from the sale of shares of our common stock pursuant to the DRIP and the Secondary DRIP. All repurchases will be subject to a one -year holding period, except for repurchases made in connection with a stockholder’s death or “qualifying disability,” as defined in our share repurchase plan. Further, all share repurchases will be repurchased following a one -year holding period at 92.5% to 100% of each stockholder’s purchase amount depending on the period of time their shares have been held. At any time we are engaged in an offering of shares of our common stock, the repurchase amount for shares repurchased under our share repurchase plan will always be equal to or lower than the applicable per share offering price. However, if shares of our common stock are repurchased in connection with a stockholder’s death or qualifying disability, the repurchase price will be no less than 100% of the price paid to acquire the shares of our common stock from us. Furthermore, our share repurchase plan provides that if there are insufficient funds to honor all repurchase requests, pending requests will be honored among all requests for repurchase in any given repurchase period as follows: first, pro rata as to repurchases sought upon a stockholder’s death; next, pro rata as to repurchases sought by stockholders with a qualifying disability; and, finally, pro rata as to other repurchase requests. For the three months ended June 30, 2016 and 2015 , we received share repurchase requests and repurchased 382,357 and 65,459 shares of our common stock, respectively, for an aggregate of $3,647,000 and $650,000 , respectively, at an average repurchase price of $9.54 and $9.94 per share, respectively. For the six months ended June 30, 2016 and 2015 , we received share repurchase requests and repurchased 630,840 and 80,810 shares of our common stock, respectively, for an aggregate of $5,999,000 and $803,000 , respectively, at an average repurchase price of $9.51 and $9.95 per share, respectively. As of June 30, 2016 and December 31, 2015 , we received share repurchase requests and repurchased 1,011,768 and 380,929 shares of our common stock, respectively, for an aggregate of $9,760,000 and $3,761,000 , respectively, at an average price of $9.65 and $9.87 per share, respectively. All shares were repurchased using proceeds we received from the sale of shares of our common stock pursuant to the DRIP and the Secondary DRIP. 2013 Incentive Plan We adopted the 2013 Incentive Plan, or our incentive plan, pursuant to which our board of directors or a committee of our independent directors may make grants of options, shares of restricted common stock, stock purchase rights, stock appreciation rights or other awards to our independent directors, employees and consultants. The maximum number of shares of our common stock that may be issued pursuant to our incentive plan is 2,000,000 shares. Through June 30, 2016 , we granted an aggregate of 30,000 shares of our restricted common stock, as defined in our incentive plan, to our independent directors in connection with their initial election or re-election to our board of directors, of which 20.0% vested on the grant date and 20.0% will vest on each of the first four anniversaries of the grant date. In addition, on July 1, 2015, we granted an aggregate of 7,500 shares of restricted common stock, as defined in our incentive plan, to our independent directors in consideration for their past services rendered. These shares of restricted common stock vest under the same period described above. Shares of our restricted common stock may not be sold, transferred, exchanged, assigned, pledged, hypothecated or otherwise encumbered. Such restrictions expire upon vesting. Shares of our restricted common stock have full voting rights and rights to distributions. From the applicable dates that the required service periods began, or the service inception dates, to the applicable grant dates, we recognized compensation expense related to the shares of our restricted common stock based on the reporting date fair value, which was estimated at $10.00 per share, the then most recent price paid to acquire a share of common stock in our initial offering. Beginning on the applicable grant dates, compensation cost related to the shares of our restricted common stock is measured based on the applicable grant date fair value, which we estimated at $10.00 per share, the then most recent price paid to acquire a share of common stock in our initial offering. Stock compensation expense is recognized from the applicable service inception dates to the vesting date for each vesting tranche (i.e., on a tranche-by-tranche basis) using the accelerated attribution method. ASC Topic 718, Compensation — Stock Compensation, requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. For the three and six months ended June 30, 2016 and 2015 , we did not assume any forfeitures. For the three months ended June 30, 2016 and 2015 , we recognized compensation expense related to the director grants of $38,000 and $36,000 , respectively, and for the six months ended June 30, 2016 and 2015, we recognized compensation expense related to the director grants of $61,000 and $50,000 , respectively, which is included in general and administrative in our accompanying condensed consolidated statements of operations and comprehensive loss. As of June 30, 2016 and December 31, 2015 , there was $143,000 and $129,000 , respectively, of total unrecognized compensation expense, net of estimated forfeitures, related to nonvested shares of our restricted common stock. As of June 30, 2016 , this expense is expected to be recognized over a remaining weighted average period of 1.79 years. As of June 30, 2016 and December 31, 2015 , the weighted average grant date fair value of the nonvested shares of our restricted common stock was $235,000 and $210,000 , respectively. A summary of the status of the nonvested shares of our restricted common stock as of June 30, 2016 and December 31, 2015 and the changes for the six months ended June 30, 2016 , is presented below: Number of Nonvested Shares of our Restricted Common Stock Weighted Average Grant Date Fair Value Balance — December 31, 2015 21,000 $ 10.00 Granted 7,500 $ 10.00 Vested (5,000 ) $ 10.00 Forfeited — $ — Balance — June 30, 2016 23,500 $ 10.00 Expected to vest — June 30, 2016 23,500 $ 10.00

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	14. Related Party Transactions Fees and Expenses Paid to Affiliates All of our executive officers and our non-independent directors are also executive officers, employees and/or holders of a direct or indirect interest in our advisor, one of our co-sponsors or other affiliated entities. We are affiliated with our advisor, American Healthcare Investors and AHI Group Holdings; however, we are not affiliated with Griffin Capital, Griffin Securities, NSAM or Mr. Flaherty. We entered into the Advisory Agreement, which entitles our advisor and its affiliates to specified compensation for certain services, as well as reimbursement of certain expenses. In the aggregate, for the three months ended June 30, 2016 and 2015 , we incurred $7,806,000 and $8,654,000 , respectively, and for the six months ended June 30, 2016 and 2015 , we incurred $14,326,000 and $18,160,000 , respectively, in fees and expenses to our affiliates as detailed below. Offering Stage Other Organizational and Offering Expenses Through the termination of the primary portion of our initial offering on March 12, 2015, our other organizational and offering expenses were incurred by our advisor or its affiliates on our behalf. We reimbursed our advisor or its affiliates for actual expenses incurred up to 2.0% of the gross offering proceeds from the sale of shares of our common stock in our initial offering other than shares of our common stock sold pursuant to the DRIP. For the three and six months ended June 30, 2015 , we incurred $0 and $519,000 , respectively, in offering expenses to our advisor. Other organizational expenses were expensed as incurred and offering expenses were charged to stockholders’ equity as such amounts were reimbursed to our advisor from the gross proceeds of our initial offering. Acquisition and Development Stage Acquisition Fee We pay our advisor or its affiliates an acquisition fee of up to 2.25% of the contract purchase price, including any contingent or earn-out payments that may be paid, for each property we acquire or 2.00% of the origination or acquisition price, including any contingent or earn-out payments that may be paid, for any real estate-related investment we originate or acquire. Until January 30, 2015, the acquisition fee for property acquisitions was paid as follows: (i) in cash equal to 2.00% of the contract purchase price; and (ii) the remainder in shares of our common stock in an amount equal to 0.25% of the contract purchase price, at the established offering price as of the date of closing, net of selling commissions and dealer manager fees, which was $9.00 per share. Since January 31, 2015, the acquisition fee for property acquisitions is paid in cash equal to 2.25% of the contract purchase price. Our advisor or its affiliates are entitled to receive these acquisition fees for properties and real estate-related investments we acquire with funds raised in our initial offering including acquisitions completed after the termination of the Advisory Agreement, or funded with net proceeds from the sale of a property or real estate-related investment, subject to certain conditions. Acquisition fees in connection with the acquisition of properties are expensed as incurred in accordance with ASC Topic 805, Business Combinations , or ASC Topic 805, and included in acquisition related expenses in our accompanying condensed consolidated statements of operations and comprehensive loss. Acquisition fees in connection with the acquisition of real estate-related investments are capitalized as part of the associated investment in our accompanying condensed consolidated balance sheets. For the three months ended June 30, 2016 and 2015 , we incurred $3,042,000 and $7,006,000 , respectively, and for the six months ended June 30, 2016 and 2015 , we incurred $5,027,000 and $14,900,000 , respectively, in acquisition fees to our advisor or its affiliates, which included 55,684 shares of common stock for the six months ended June 30, 2015, and no shares of common stock for the three months ended June 30, 2016 and 2015 and for the six months ended June 30, 2016. Development Fee In the event our advisor or its affiliates provide development-related services, we pay our advisor or its affiliates a development fee in an amount that is usual and customary for comparable services rendered for similar projects in the geographic market where the services are provided; however, we will not pay a development fee to our advisor or its affiliates if our advisor or its affiliates elect to receive an acquisition fee based on the cost of such development. For the three and six months ended June 30, 2016 and 2015 , we did not incur any development fees to our advisor or its affiliates. Reimbursement of Acquisition Expenses We reimburse our advisor or its affiliates for acquisition expenses related to selecting, evaluating and acquiring assets, which are reimbursed regardless of whether an asset is acquired. The reimbursement of acquisition expenses, acquisition fees and real estate commissions paid to unaffiliated parties will not exceed, in the aggregate, 6.0% of the contract purchase price or total development costs, unless fees in excess of such limits are approved by a majority of our directors, including a majority of our independent directors, not otherwise interested in the transaction. For the three and six months ended June 30, 2016 and 2015 , such fees and expenses did not exceed 6.0% of the contract purchase price of our acquisitions. Reimbursements of acquisition expenses are expensed as incurred in accordance with ASC Topic 805 and included in acquisition related expenses in our accompanying condensed consolidated statements of operations and comprehensive loss. Reimbursements of acquisition expenses in connection with the acquisition of real estate-related investments are capitalized as part of the associated investment in our accompanying condensed consolidated balance sheets. For the three and six months ended June 30, 2016 , we did not incur any acquisition expenses to our advisor or its affiliates. For the three and six months ended June 30, 2015 , we incurred $30,000 in acquisition expenses to our advisor or its affiliates. Operational Stage Asset Management Fee We pay our advisor or its affiliates a monthly fee for services rendered in connection with the management of our assets equal to one-twelfth of 0.75% of average invested assets, subject to our stockholders receiving distributions in an amount equal to 5.0% per annum, cumulative, non-compounded, of invested capital. For such purposes, average invested assets means the average of the aggregate book value of our assets invested in real estate properties and real estate-related investments, before deducting depreciation, amortization, bad debt and other similar non-cash reserves, computed by taking the average of such values at the end of each month during the period of calculation; and invested capital means, for a specified period, the aggregate issue price of shares of our common stock purchased by our stockholders, reduced by distributions of net sales proceeds by us to our stockholders and by any amounts paid by us to repurchase shares of our common stock pursuant to our share repurchase plan. For the three months ended June 30, 2016 and 2015 , we incurred $4,052,000 and $1,417,000 , respectively, and for the six months ended June 30, 2016 and 2015 , we incurred $7,946,000 and $2,374,000 , respectively, in asset management fees to our advisor or its affiliates. Asset management fees are included in general and administrative in our accompanying condensed consolidated statements of operations and comprehensive loss. Property Management Fee Our advisor or its affiliates may directly serve as property manager of our properties or may sub-contract their property management duties to any third party and provide oversight of such third-party property manager. We pay our advisor or its affiliates a monthly management fee equal to a percentage of the gross monthly cash receipts of such property as follows: (i) a 1.0% property management oversight fee for any stand-alone, single-tenant, net leased property; (ii) a 1.5% property management oversight fee for any property that is not a stand-alone, single-tenant, net leased property and for which our advisor or its affiliates will provide oversight of a third party that performs the duties of a property manager with respect to such property; or (iii) a fair and reasonable property management fee that is approved by a majority of our directors, including a majority of our independent directors, that is not less favorable to us than terms available from unaffiliated third parties for any property that is not a stand-alone, single-tenant, net leased property and for which our advisor or its affiliates will directly serve as the property manager without sub-contracting such duties to a third party. For the three months ended June 30, 2016 and 2015 , we incurred $602,000 and $175,000 , respectively, and for the six months ended June 30, 2016 and 2015 , we incurred $1,235,000 and $311,000 , respectively, in property management fees to our advisor or its affiliates. Property management fees are included in property operating expenses and rental expenses in our accompanying condensed consolidated statements of operations and comprehensive loss. Lease Fees We pay our advisor or its affiliates a separate fee for any leasing activities in an amount not to exceed the fee customarily charged in arm’s-length transactions by others rendering similar services in the same geographic area for similar properties as determined by a survey of brokers and agents in such area. Such fee is generally expected to range from 3.0% to 6.0% of the gross revenues generated during the initial term of the lease. For the three months ended June 30, 2016 and 2015 , we incurred $95,000 and $12,000 , respectively, and for the six months ended June 30, 2016 and 2015 , we incurred $95,000 and $12,000 , respectively, in lease fees to our advisor or its affiliates. Lease fees are capitalized as lease commissions and included in other assets, net in our accompanying condensed consolidated balance sheets. Construction Management Fee In the event that our advisor or its affiliates assist with planning and coordinating the construction of any capital or tenant improvements, we pay our advisor or its affiliates a construction management fee of up to 5.0% of the cost of such improvements. For the three and six months ended June 30, 2016 , we incurred $0 and $1,000 , respectively, in construction management fees to our advisor or its affiliates. For the three and six months ended June 30, 2015 , we did not incur any construction management fees to our advisor or its affiliates. Construction management fees are capitalized as part of the associated asset and included in real estate investments, net in our accompanying condensed consolidated balance sheets or will be expensed and included in our accompanying condensed consolidated statements of operations and comprehensive loss, as applicable. Operating Expenses We reimburse our advisor or its affiliates for operating expenses incurred in rendering services to us, subject to certain limitations. However, we cannot reimburse our advisor or its affiliates at the end of any fiscal quarter for total operating expenses that, in the four consecutive fiscal quarters then ended, exceed the greater of: (i) 2.0% of our average invested assets, as defined in the Advisory Agreement; or (ii) 25.0% of our net income, as defined in the Advisory Agreement, unless our independent directors determined that such excess expenses were justified based on unusual and nonrecurring factors which they deem sufficient. Our operating expenses as a percentage of average invested assets and as a percentage of net income were 1.0% and 29.9% , respectively, for the 12 months ended June 30, 2016 ; however, we did not exceed the aforementioned limitation as 2.0% of our average invested assets was greater than 25.0% of our net income. For the three months ended June 30, 2016 and 2015 , our advisor or its affiliates incurred operating expenses on our behalf of $15,000 and $14,000 , respectively, and for the six months ended June 30, 2016 and 2015 , our advisor or its affiliates incurred operating expenses on our behalf of $22,000 and $14,000 , respectively. Operating expenses are generally included in general and administrative in our accompanying condensed consolidated statements of operations and comprehensive loss. Compensation for Additional Services We pay our advisor and its affiliates for services performed for us other than those required to be rendered by our advisor or its affiliates under the Advisory Agreement. The rate of compensation for these services has to be approved by a majority of our board of directors, including a majority of our independent directors, and cannot exceed an amount that would be paid to unaffiliated parties for similar services. For the three and six months ended June 30, 2016 and 2015 , our advisor and its affiliates were not compensated for any additional services. Liquidity Stage Disposition Fees For services relating to the sale of one or more properties, we pay our advisor or its affiliates a disposition fee up to the lesser of 2.0% of the contract sales price or 50.0% of a customary competitive real estate commission given the circumstances surrounding the sale, in each case as determined by our board of directors, including a majority of our independent directors, upon the provision of a substantial amount of the services in the sales effort. The amount of disposition fees paid, when added to the real estate commissions paid to unaffiliated parties, will not exceed the lesser of the customary competitive real estate commission or an amount equal to 6.0% of the contract sales price. For the three and six months ended June 30, 2016 and 2015 , we did not incur any disposition fees to our advisor or its affiliates. Subordinated Participation Interest Subordinated Distribution of Net Sales Proceeds In the event of liquidation, we will pay our advisor a subordinated distribution of net sales proceeds. The distribution will be equal to 15.0% of the remaining net proceeds from the sales of properties, after distributions to our stockholders, in the aggregate, of: (i) a full return of capital raised from stockholders (less amounts paid to repurchase shares of our common stock pursuant to our share repurchase plan); plus (ii) an annual 7.0% cumulative, non-compounded return on the gross proceeds from the sale of shares of our common stock, as adjusted for distributions of net sales proceeds. Actual amounts to be received depend on the sale prices of properties upon liquidation. For the three and six months ended June 30, 2016 and 2015 , we did not pay any such distributions to our advisor. Subordinated Distribution Upon Listing Upon the listing of shares of our common stock on a national securities exchange, in redemption of our advisor’s limited partnership units, we will pay our advisor a distribution equal to 15.0% of the amount by which: (i) the market value of our outstanding common stock at listing plus distributions paid prior to listing exceeds (ii) the sum of the total amount of capital raised from stockholders (less amounts paid to repurchase shares of our common stock pursuant to our share repurchase plan) and the amount of cash that, if distributed to stockholders as of the date of listing, would have provided them an annual 7.0% cumulative, non-compounded return on the gross proceeds from the sale of shares of our common stock through the date of listing. Actual amounts to be paid depend upon the market value of our outstanding stock at the time of listing, among other factors. For the three and six months ended June 30, 2016 and 2015 , we did not pay any such distributions to our advisor. Subordinated Distribution Upon Termination Pursuant to the Agreement of Limited Partnership, as amended, of our operating partnership, upon termination or non-renewal of the Advisory Agreement, our advisor will also be entitled to a subordinated distribution in redemption of its limited partnership units from our operating partnership equal to 15.0% of the amount, if any, by which: (i) the appraised value of our assets on the termination date, less any indebtedness secured by such assets, plus total distributions paid through the termination date, exceeds (ii) the sum of the total amount of capital raised from stockholders (less amounts paid to repurchase shares of our common stock pursuant to our share repurchase plan) and the total amount of cash equal to an annual 7.0% cumulative, non-compounded return on the gross proceeds from the sale of shares of our common stock through the termination date. In addition, our advisor may elect to defer its right to receive a subordinated distribution upon termination until either a listing or other liquidity event, including a liquidation, sale of substantially all of our assets or merger in which our stockholders receive in exchange for their shares of our common stock, shares of a company that are traded on a national securities exchange. As of June 30, 2016 and 2015 , we had not recorded any charges to earnings related to the subordinated distribution upon termination. Stock Purchase Plans Effective January 1, 2015, our Chief Executive Officer and Chairman of the Board of Directors, Jeffrey T. Hanson, our President, Chief Operating Officer and Director, Danny Prosky and our Executive Vice President, General Counsel, Mathieu B. Streiff, each executed stock purchase plans, or the 2015 Stock Purchase Plans, whereby they each irrevocably agreed to invest 100% of their net after-tax base salary and cash bonus compensation earned as employees of American Healthcare Investors directly into our company by purchasing shares of our common stock. In addition, our former Chief Financial Officer, Shannon K S Johnson, our Executive Vice President — Acquisitions, Stefan K.L. Oh, our Assistant General Counsel and Secretary, Cora Lo and our Vice President — Asset Management, Chris Rooney, each executed similar 2015 Stock Purchase Plans whereby each irrevocably agreed to invest 15.0% , 15.0% , 10.0% and 15.0% , respectively, of their net after-tax base salaries that were earned as employees of American Healthcare Investors directly into our company by purchasing shares of our common stock. Purchases of shares of our common stock pursuant to the 2015 Stock Purchase Plans commenced with the officers’ regularly scheduled payroll payment paid on or after January 1, 2015. The shares of common stock were purchased at a price of $9.00 per share, reflecting the purchase price of the shares in our initial offering, exclusive of selling commissions and the dealer manager fee. The 2015 Stock Purchase Plans each terminated in connection with the termination of the primary portion of our initial offering. For the three months ended June 30, 2015 , we did not issue any common stock pursuant to the applicable stock purchase plan. For the six months ended June 30, 2015 , our officers invested the following amounts and we issued the following shares of our common stock pursuant to the applicable stock purchase plan: Six Months Ended Officer’s Name Title Amount Shares Jeffrey T. Hanson Chief Executive Officer and Chairman of the Board of Directors $ 17,000 1,902 Danny Prosky President, Chief Operating Officer and Director 20,000 2,246 Mathieu B. Streiff Executive Vice President, General Counsel 19,000 2,062 Stefan K.L. Oh Executive Vice President — Acquisitions 2,000 168 Cora Lo Assistant General Counsel and Secretary 1,000 106 Chris Rooney Vice President — Asset Management 1,000 135 Shannon K S Johnson Former Chief Financial Officer 1,000 165 $ 61,000 6,784 Accounts Payable Due to Affiliates The following amounts were outstanding to our affiliates as of June 30, 2016 and December 31, 2015 : Fee June 30, 2016 December 31, 2015 Asset and property management fees $ 1,678,000 $ 1,111,000 Acquisition fees 131,000 133,000 Construction management fees 8,000 9,000 Operating expenses 9,000 3,000 Lease commissions 88,000 1,000 $ 1,914,000 $ 1,257,000

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	15. Fair Value Measurements Assets and Liabilities Reported at Fair Value The table below presents our assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 , aggregated by the level in the fair value hierarchy within which those measurements fall: Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Derivative financial instrument $ — $ — $ — $ — Contingent consideration receivables — — — — Total assets at fair value $ — $ — $ — $ — Liabilities: Derivative financial instrument $ — $ 1,028,000 $ — $ 1,028,000 Contingent consideration obligations — — 5,820,000 5,820,000 Warrants — — 1,014,000 1,014,000 Total liabilities at fair value $ — $ 1,028,000 $ 6,834,000 $ 7,862,000 The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 , aggregated by the level in the fair value hierarchy within which those measurements fall: Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Contingent consideration receivables $ — $ — $ — $ — Total assets at fair value $ — $ — $ — $ — Liabilities: Contingent consideration obligations $ — $ — $ 5,912,000 $ 5,912,000 Warrants — — 1,014,000 1,014,000 Total liabilities at fair value $ — $ — $ 6,926,000 $ 6,926,000 There were no transfers into or out of fair value measurement levels during the six months ended June 30, 2016 and 2015 . Derivative Financial Instruments We use interest rate swaps and interest rate caps to manage interest rate risk associated with floating-rate debt. The valuation of these instruments is determined using widely accepted valuation techniques including a discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, as well as option volatility. The fair values of interest rate swaps are determined by netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates derived from observable market interest rate curves. To comply with the provisions of ASC Topic 820, Fair Value Measurements and Disclosures , or ASC Topic 820, we incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. Although we have determined that the majority of the inputs used to value our derivative financial instruments fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with these instruments utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by us and our counterparty. However, as of June 30, 2016 , we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives. As a result, we have determined that our derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. Contingent Consideration Assets As of June 30, 2016 , we have not recorded any contingent consideration receivables. In connection with our purchase of King of Prussia PA MOB in January 2015, there was a contingent consideration receivable in the amount of either $0 or $1,100,000 . We would have received $1,100,000 in the event that within one year of the acquisition date certain criteria were not met, including the seller leasing 4,536 square feet of GLA meeting certain lease terms, occupancy by the tenant, delivery of a signed estoppel by the tenant and our receipt of the first month’s rent under the lease. Such contingency expired in January 2016. In addition, in connection with our acquisition of Mt. Juliet TN MOB in March 2015, there is a contingent consideration receivable in the range of $0 up to a maximum of $402,000 . We would receive payment of contingent consideration in the event that a tenant occupying 6,611 square feet of GLA terminates their lease prior to March 31, 2018, and to the extent there is a shortfall in rent from any replacement tenant. As of June 30, 2016 , we do not believe that we will receive such amounts and therefore we have not recorded any contingent consideration receivables. When recorded by us, contingent consideration receivables will be included in other assets, net in our accompanying condensed consolidated balance sheets. Liabilities As of June 30, 2016 and December 31, 2015 , we have accrued $5,820,000 and $5,912,000 , respectively, as contingent consideration obligations in connection with our property acquisitions, which is included in security deposits, prepaid rent and other liabilities in our accompanying condensed consolidated balance sheets. Such consideration will be paid upon various conditions being met, including our tenants achieving certain operating performance metrics and sellers’ leasing unoccupied space, as discussed below. Of the amount accrued as of June 30, 2016 , $5,097,000 relates to our acquisition of North Carolina ALF Portfolio in January and June 2015, $673,000 relates to our acquisition of Stockbridge GA MOB II and $50,000 relates to our acquisition of King of Prussia PA MOB. Of the amount accrued as of December 31, 2015 , $4,131,000 relates to our acquisition of North Carolina ALF Portfolio in January and June 2015, $1,381,000 relates to our acquisition of Stockbridge GA MOB II and $400,000 relates to our acquisition of King of Prussia PA MOB. An estimated total amount of $5,097,000 related to North Carolina ALF Portfolio will be paid based upon the computation in the lease agreement and receipt of notification within three years after the applicable acquisition date that the tenant has increased its earnings before interest, taxes, depreciation and rent cost, or EBITDAR, as defined in the lease agreement, for the preceding three months. There is no minimum required payment but the total maximum is capped at $35,144,000 and is also limited by the tenant’s ability to increase its EBITDAR. Any payment made will result in an increase in the monthly rent charged to the tenant and additional rental revenue to us. We have assumed that we will receive notification from the tenant for a payment three years from the date of acquisition . As of June 30, 2016 , we have accrued $673,000 related to Stockbridge GA MOB II, and such consideration will be paid within 18 months of the acquisition date based on the seller’s leasing of one or both unoccupied spaces and achieving certain lease criteria. The payment of such consideration will occur after a qualified tenant delivers an estoppel, has taken occupancy and has begun paying rent under the new lease. The range of payment is $0 up to no limit and and we have assumed that the seller will lease both of the unoccupied spaces within the specified time frame. Warrants As of June 30, 2016 and December 31, 2015 , we have recorded $1,014,000 related to warrants in Trilogy common units held by certain members of Trilogy’s pre-closing management, which is included in security deposits, prepaid rent and other liabilities in our accompanying condensed consolidated balance sheets. Once exercised, these warrants have redemption features similar to the common units held by members of Trilogy’s pre-closing management. See Note 12, Redeemable Noncontrolling Interests , for a further discussion. As of June 30, 2016 and December 31, 2015 , the carrying value is a reasonable estimate of fair value as the warrants were issued at fair value on December 1, 2015. Unobservable Inputs and Reconciliation The fair value of the contingent consideration is determined based on the facts and circumstances existing at each reporting date and the likelihood of the counterparty achieving the necessary conditions based on a probability weighted discounted cash flow analysis based, in part, on significant inputs which are not observable in the market. As a result, we have determined that our contingent consideration valuations are classified in Level 3 of the fair value hierarchy. Any changes in the fair value of our contingent consideration assets and obligations subsequent to their acquisition date valuations are charged to earnings. Gains and losses recognized on contingent consideration assets and obligations are included in acquisition related expenses in our accompanying condensed consolidated statements of operations and comprehensive loss. The following table shows quantitative information about unobservable inputs related to Level 3 fair value measurements used as of June 30, 2016 and December 31, 2015 for the contingent consideration obligations: Range of Inputs or Inputs Fair Value Acquisition Unobservable Inputs(1) June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 North Carolina ALF Portfolio — North Raleigh and Mooresville(2) Tenant’s Annualized EBITDAR, as defined, for the Three Months Prior to Payment $ 3,525,000 $ 3,516,000 $ 3,682,000 $ 3,524,000 Timing of Payment January 27, 2018 January 27, 2018 Applicable Rate, as defined in the lease agreement 7.2% 7.2% Discount Rate per Annum 0.58% 1.06% Percentage of Eligible Payment Requested 100% 100% King of Prussia PA MOB(3) Percentage of Allowance for Leasing Commissions to be Paid 100% 100% $ 50,000 $ 400,000 North Carolina ALF Portfolio — Clemmons and Wake Forest(2) Tenant’s Annualized EBITDAR, as defined, for the Three Months Prior to Payment $ 1,558,000 $ 1,491,000 $ 1,415,000 $ 607,000 Timing of Payment June 28, 2018 June 28, 2018 Applicable Rate, as defined in the lease agreement 7.2% 7.2% Discount Rate per Annum 0.58% 1.06% Percentage of Eligible Payment Requested 100% 100% Stockbridge GA MOB II(4) Percentage of Total Unoccupied Square Footage Leased Up 100% 100% $ 673,000 $ 1,381,000 Timing of Payment March 3, 2017 March 3, 2017 Capitalization Rate 7.5% 7.5% Initial Base Rent per Square Foot $ 16.00 $ 17.00 Tenant Improvement Allowance per Square Foot $ 30.00 $ 30.00 Lease Commission Rate 4.00% 4.00% ___________ (1) Significant increases or decreases in any of the unobservable inputs in isolation or in the aggregate would result in a significantly higher or lower fair value measurement to the contingent consideration obligation as of June 30, 2016 and December 31, 2015 . (2) The most significant input to the valuation is the tenant’s annualized EBITDAR, as defined in the lease agreement. An increase (decrease) in the tenant’s annualized EBITDAR would increase (decrease) the fair value. (3) An increase (decrease) in the leasing commissions to be paid would increase (decrease) the fair value. (4) The most significant input to the valuation is the percentage of total unoccupied square footage leased up. An increase (decrease) in the percentage of total unoccupied square footage leased up would increase (decrease) the fair value. An increase (decrease) in the tenant improvement allowance per square foot would decrease (increase) the fair value. An increase (decrease) in initial base rent would increase (decrease) the fair value. The following is a reconciliation of the beginning and ending balances of our contingent consideration assets and obligations for the three and six months ended June 30, 2016 and 2015 : Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Contingent Consideration Assets: Beginning balance $ — $ — $ — $ — Additions to contingent consideration assets — — — — Realized/unrealized (gains) losses recognized in earnings — — — — Ending balance $ — $ — $ — $ — Amount of total (gains) losses included in earnings attributable to the change in unrealized (gains) losses related to assets still held $ — $ — $ — $ — Contingent Consideration Obligations: Beginning balance $ 5,196,000 $ 5,264,000 $ 5,912,000 $ 1,393,000 Additions to contingent consideration obligations — 596,000 — 4,467,000 Realized/unrealized losses (gains) recognized in earnings 624,000 (580,000 ) 258,000 (580,000 ) Settlements of obligations — — (350,000 ) — Ending balance $ 5,820,000 $ 5,280,000 $ 5,820,000 $ 5,280,000 Amount of total losses (gains) included in earnings attributable to the change in unrealized (gains) losses related to obligations still held $ 624,000 $ 18,000 $ 258,000 $ 18,000 Financial Instruments Disclosed at Fair Value ASC Topic 825, Financial Instruments, requires disclosure of the fair value of financial instruments, whether or not recognized on the face of the balance sheet. Fair value is defined under ASC Topic 820. Our accompanying condensed consolidated balance sheets include the following financial instruments: real estate notes receivable, net, debt security investment, cash and cash equivalents, accounts and other receivables, net, restricted cash, real estate deposits, accounts payable and accrued liabilities, accounts payable due to affiliates, mortgage loans payable, net and borrowings under our lines of credit and term loan. We consider the carrying values of cash and cash equivalents, accounts and other receivables, net, restricted cash, real estate deposits and accounts payable and accrued liabilities to approximate the fair value for these financial instruments based upon an evaluation of the underlying characteristics, market data and because of the short period of time between origination of the instruments and their expected realization. The fair value of cash and cash equivalents is classified in Level 1 of the fair value hierarchy. The fair value of accounts payable due to affiliates is not determinable due to the related party nature of the accounts payable. The fair value of the other financial instruments is classified in Level 2 of the fair value hierarchy. The fair value of our real estate notes receivable and debt security investment are estimated using a discounted cash flow analysis using interest rates available to us for investments with similar terms and maturities. The fair value of the mortgage loans payable and our lines of credit and term loan are estimated using a discounted cash flow analysis using borrowing rates available to us for debt instruments with similar terms and maturities. We have determined that the valuations of our real estate notes receivable, debt security investment, mortgage loans payable and lines of credit and term loan are classified in Level 2 within the fair value hierarchy. The carrying amounts and estimated fair values of such financial instruments were as follows: June 30, 2016 December 31, 2015 Carrying Amount Fair Value Carrying Amount Fair Value Financial Assets: Real estate notes receivable $ 81,111,000 $ 83,644,000 $ 81,716,000 $ 80,845,000 Investment $ 63,816,000 $ 93,348,000 $ 62,761,000 $ 94,393,000 Financial Liabilities: Mortgage loans payable $ 402,367,000 $ 415,025,000 $ 295,270,000 $ 294,701,000 Lines of credit and term loan $ 580,015,000 $ 591,801,000 $ 343,656,000 $ 350,000,000

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	16. Income Taxes As a REIT, we generally will not be subject to federal income tax on taxable income that we distribute to our stockholders. We have elected to treat certain of our consolidated subsidiaries as taxable REIT subsidiaries, or TRSs, pursuant to the Code. TRSs may participate in services that would otherwise be considered impermissible for REITs and are subject to federal and state income tax at regular corporate tax rates. We did not incur any income taxes for the three and six months ended June 30, 2015 . The components of loss before taxes for the three and six months ended June 30, 2016 were as follows: Three Months Ended Six Months Ended June 30, 2016 June 30, 2016 Domestic $ (52,678,000 ) $ (98,654,000 ) Foreign (115,000 ) (142,000 ) Loss before income taxes $ (52,793,000 ) $ (98,796,000 ) The components of income tax (benefit) expense for the three and six months ended June 30, 2016 and 2015 were as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Federal deferred $ (4,649,000 ) $ (568,000 ) $ (8,394,000 ) $ (568,000 ) State deferred (431,000 ) (79,000 ) (856,000 ) (79,000 ) Foreign deferred (87,000 ) — (87,000 ) — Federal current (1,070,000 ) — 8,000 — Foreign current 186,000 — 167,000 — Valuation allowances 5,167,000 647,000 9,337,000 647,000 Total income tax (benefit) expense $ (884,000 ) $ — $ 175,000 $ — Current Income Tax Federal and state income taxes are generally a function of the level of income recognized by our TRSs. Foreign income taxes are generally a function of our income on our real estate and real estate-related investments located in the UK and Isle of Man. Deferred Taxes Deferred income tax is generally a function of the period’s temporary differences (primarily basis differences between tax and financial reporting for real estate assets and equity investments) and generation of tax net operating losses that may be realized in future periods depending on sufficient taxable income. We apply the rules under ASC 740-10, Accounting for Uncertainty in Income Taxes, for uncertain tax positions using a “more likely than not” recognition threshold for tax positions. Pursuant to these rules, we will initially recognize the financial statement effects of a tax position when it is more likely than not, based on the technical merits of the tax position, that such a position will be sustained upon examination by the relevant tax authorities. If the tax benefit meets the “more likely than not” threshold, the measurement of the tax benefit will be based on our estimate of the ultimate tax benefit to be sustained if audited by the taxing authority. As of June 30, 2016 and December 31, 2015 , we did not have any tax benefits or liabilities for uncertain tax positions that we believe should be recognized in our accompanying condensed consolidated financial statements. We assess the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. A valuation allowance is established if we believe it is more likely than not that all or a portion of the deferred tax assets are not realizable. As of June 30, 2016 , our valuation allowance substantially reserves the net deferred tax asset due to inherent uncertainty of future income. We will continue to monitor industry and economic conditions, and our ability to generate taxable income based on our business plan and available tax planning strategies, which would allow us to utilize the tax benefits of the net deferred tax assets and thereby allow us to reverse all, or a portion of, our valuation allowance in the future.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Business Combinations	17. Business Combinations 2016 For the six months ended June 30, 2016 , using cash on hand and debt financing, we completed nine property acquisitions comprising 11 buildings, which have been accounted for as business combinations. The aggregate contract purchase price for these property acquisitions was $268,224,000 , plus closing costs and acquisition fees of $6,904,000 , which are included in acquisition related expenses in our accompanying condensed consolidated statements of operations and comprehensive loss. See Note 3, Real Estate Investments, Net , for a listing of the properties acquired, acquisition dates and the amount of financing initially incurred in connection with such acquisitions. Results of operations for the property acquisitions during the six months ended June 30, 2016 are reflected in our accompanying condensed consolidated statements of operations and comprehensive loss for the period from the date of acquisition of each property through June 30, 2016 . For the period from the acquisition date through June 30, 2016 , we recognized the following amounts of revenue and net loss for the property acquisitions: Acquisition Revenue Net Loss 2016 Acquisitions $ 5,803,000 $ (642,000 ) The fair values of the assets acquired and liabilities assumed since July 1, 2015 were preliminary estimates determined using the income, cost and market approaches. Any necessary adjustments will be finalized within one year from the date of acquisition. The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed of our nine property acquisitions in 2016: 2016 Acquisitions Building and improvements $ 221,661,000 Land 14,693,000 Furniture, fixtures and equipment 644,000 In-place leases 20,584,000 Above-market leases 1,324,000 Certificate of need 10,101,000 Total assets acquired 269,007,000 Below-market leases (1,423,000 ) Total liabilities assumed (1,423,000 ) Net assets acquired $ 267,584,000 Assuming the property acquisitions in 2016 discussed above had occurred on January 1, 2015, for the three and six months ended June 30, 2016 and 2015, unaudited pro forma revenue, net loss, net loss attributable to controlling interest and net loss per common share attributable to controlling interest — basic and diluted would have been as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Revenue $ 242,171,000 $ 21,578,000 $ 493,160,000 $ 39,749,000 Net loss $ (45,254,000 ) $ (16,608,000 ) $ (85,648,000 ) $ (31,594,000 ) Net loss attributable to controlling interest $ (32,928,000 ) $ (15,873,000 ) $ (60,642,000 ) $ (30,153,000 ) Net loss per com mon share attributable to controlling interest — basic and diluted $ (0.17 ) $ (0.08 ) $ (0.31 ) $ (0.17 ) The unaudited pro forma adjustments assume that the offering proceeds, at a price of $10.00 per share, net of offering costs, were raised as of January 1, 2015. In addition, acquisition related expenses associated with the acquisitions have been excluded from the pro forma results in 2016 and added to the 2015 pro forma results. The pro forma results are not necessarily indicative of the operating results that would have been obtained had the acquisitions occurred at the beginning of the periods presented, nor are they necessarily indicative of future operating results. 2015 For the six months ended June 30, 2015 , using net proceeds from our initial offering and the assumption of mortgage loans payable, we completed 14 property acquisitions comprising 36 buildings, which have been accounted for as business combinations. The aggregate contract purchase price for these property acquisitions was $604,845,000 , plus closing costs and acquisition fees of $18,998,000 , which are included in acquisition related expenses in our accompanying condensed consolidated statements of operations and comprehensive loss. Results of operations for the property acquisitions during the six months ended June 30, 2015 are reflected in our accompanying condensed consolidated statements of operations and comprehensive loss for the period from the date of acquisition of each property through June 30, 2015 . We present separately Independence MOB Portfolio and Pennsylvania Senior Housing Portfolio, which are individually significant property acquisition during the six months ended June 30, 2015 , and aggregate the rest of the property acquisitions during the six months ended June 30, 2015 . The fair values of the assets acquired and liabilities assumed were preliminarily determined using the income, cost and market approaches. The fair value measurements were primarily based on significant inputs that are not observable in the market and are considered Level 3 under the Fair Value Measurement and Disclosure framework. For the period from the acquisition date through June 30, 2015 , we recognized the following amounts of revenue and net income (loss) for the property acquisitions: Acquisition Revenue Net Income (Loss) Independence MOB Portfolio $ 6,552,000 $ 904,000 Pennsylvania Senior Housing Portfolio $ — $ (3,000 ) Other 2015 Acquisitions $ 9,582,000 $ 1,244,000 The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed of our 14 property acquisitions, which we determined using Level 2 and Level 3 inputs: Independence MOB Portfolio Pennsylvania Senior Housing Portfolio Other 2015 Acquisitions Building and improvements $ 113,727,000 $ 76,970,000 $ 326,134,000 Land 7,367,000 2,994,000 28,509,000 Furniture, fixtures and equipment — 635,000 1,441,000 In-place leases 7,182,000 8,057,000 29,069,000 Above-market leases 1,321,000 — 746,000 Leasehold interest 5,715,000 — 95,000 Total assets acquired 135,312,000 88,656,000 385,994,000 Mortgage loans payable, net — (13,254,000 ) (24,227,000 ) Below-market leases (350,000 ) — (27,000 ) Other liabilities — — (4,467,000 ) (1 ) Total liabilities assumed (350,000 ) (13,254,000 ) (28,721,000 ) Net assets acquired $ 134,962,000 $ 75,402,000 $ 357,273,000 ___________ (1) Included in other liabilities is $4,067,000 and $400,000 accrued for as contingent consideration obligations in connection with the purchase of North Carolina ALF Portfolio and King of Prussia PA MOB, respectively. For a further discussion, see Note 15, Fair Value Measurements — Assets and Liabilities Reported at Fair Value — Contingent Consideration. Assuming the property acquisitions in 2015 discussed above had occurred on January 1, 2014, for the three and six months ended June 30, 2015 and 2014 , unaudited pro forma revenue, net income (loss), net income (loss) attributable to controlling interest and net income (loss) per common share attributable to controlling interest — basic and diluted would have been as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenue $ 27,009,000 $ 20,466,000 $ 55,382,000 $ 40,880,000 Net income (loss) $ 647,000 $ (9,774,000 ) $ 4,985,000 $ (21,531,000 ) Net income (loss) attributable to controlling interest $ 647,000 $ (9,775,000 ) $ 4,985,000 $ (21,531,000 ) Net income (loss) per com mon share attributable to controlling interest — basic and diluted $ — $ (0.15 ) $ 0.02 $ (0.33 ) The unaudited pro forma adjustments assume that the offering proceeds, at a price of $10.00 per share, net of offering costs, were raised as of January 1, 2014. In addition, acquisition related expenses associated with the acquisitions have been excluded from the pro forma results in 2015 and added to the 2014 pro forma results. The pro forma results are not necessarily indicative of the operating results that would have been obtained had the acquisitions occurred at the beginning of the periods presented, nor are they necessarily indicative of future operating results.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure	18. Segment Reporting ASC Topic 280, Segment Reporting , establishes standards for reporting financial and descriptive information about a public entity’s reportable segments. As of June 30, 2016 , we evaluated our business and made resource allocations based on six reportable business segments: medical office buildings, hospitals, skilled nursing facilities, senior housing, senior housing — RIDEA and integrated senior health campuses. We segregate our operations into reporting segments in order to assess the performance of our business in the same way that management reviews our performance and makes operating decisions. Accordingly, when we acquired our first medical office building in June 2014; senior housing facility in September 2014; hospital in December 2014; senior housing — RIDEA portfolio in May 2015; skilled nursing facilities in October 2015; and integrated senior health campuses in December 2015, we added a new reportable business segment at such time. Our medical office buildings are typically leased to multiple tenants under separate leases in each building, thus requiring active management and responsibility for many of the associated operating expenses (although many of these are, or can effectively be, passed through to the tenants). In addition, our medical office buildings segment includes the Mezzanine Notes. Our hospital investments are primarily single-tenant properties that lease the facilities to unaffiliated tenants under triple-net and generally master leases that transfer the obligation for all facility operating costs (including maintenance, repairs, taxes, insurance and capital expenditures) to the tenant. Our skilled nursing facilities and senior housing facilities are similarly structured as our hospital investments. In addition, our senior housing segment includes Crown Senior Care Facility and our debt security investment. Our senior housing — RIDEA properties include senior housing facilities that are owned and operated utilizing a RIDEA structure. Our integrated senior health campuses include a range of assisted living, memory care, independent living, skilled nursing services and certain ancillary businesses. We evaluate performance based upon segment net operating income. We define segment net operating income as total revenues, less property operating expenses and rental expenses, which excludes depreciation and amortization, general and administrative expenses, acquisition related expenses, interest expense, foreign currency loss, interest and other income, loss from unconsolidated entities and income tax benefit (expense) for each segment. We believe that net income (loss), as defined by GAAP, is the most appropriate earnings measurement. However, we believe that segment net operating income serves as a useful supplement to net income (loss) because it allows investors and our management to measure unlevered property-level operating results and to compare our operating results to the operating results of other real estate companies and between periods on a consistent basis. Interest expense, depreciation and amortization and other expenses not attributable to individual properties are not allocated to individual segments for purposes of assessing segment performance. Non-segment assets primarily consist of corporate assets including cash and cash equivalents, real estate deposits, deferred financing costs, other receivables and other assets not attributable to individual properties. Summary information for the reportable segments during the three and six months ended June 30, 2016 and 2015 was as follows: Medical Office Buildings Skilled Nursing Facilities Hospitals Senior Housing Senior Housing — RIDEA Integrated Senior Health Campuses Three Months Ended June 30, 2016 Revenues: Real estate revenue $ 17,534,000 $ 1,155,000 $ 2,939,000 $ 4,590,000 $ — $ — $ 26,218,000 Resident fees and services — — — — 15,443,000 199,660,000 215,103,000 Total revenues 17,534,000 1,155,000 2,939,000 4,590,000 15,443,000 199,660,000 241,321,000 Expenses: Rental expenses 6,497,000 79,000 493,000 131,000 — — 7,200,000 Property operating expenses — — — — 10,469,000 178,017,000 188,486,000 Segment net operating income $ 11,037,000 $ 1,076,000 $ 2,446,000 $ 4,459,000 $ 4,974,000 $ 21,643,000 $ 45,635,000 Expenses: General and administrative $ 7,253,000 Acquisition related expenses 4,833,000 Depreciation and amortization 70,316,000 Loss from operations (36,767,000 ) Other income (expense): Interest expense (including amortization of deferred financing costs and debt discount/premium) Interest expense (9,788,000 ) Loss in fair value of derivative financial instruments (871,000 ) Foreign currency loss (3,567,000 ) Interest and other income 145,000 Loss from unconsolidated entities (1,945,000 ) Loss before income taxes (52,793,000 ) Income tax benefit 884,000 Net loss $ (51,909,000 ) Medical Office Buildings Skilled Nursing Facilities Hospitals Senior Housing Senior Housing — RIDEA Integrated Senior Health Campuses Three Months Ended June 30, 2015 Revenues: Real estate revenue $ 12,095,000 $ — $ 1,622,000 $ 1,348,000 $ — $ — $ 15,065,000 Resident fees and services — — — — 2,819,000 — 2,819,000 Total revenues 12,095,000 — 1,622,000 1,348,000 2,819,000 — 17,884,000 Expenses: Rental expenses 4,235,000 — 636,000 91,000 — — 4,962,000 Property operating expenses — — — — 1,701,000 — 1,701,000 Segment net operating income $ 7,860,000 $ — $ 986,000 $ 1,257,000 $ 1,118,000 $ — $ 11,221,000 Expenses: General and administrative $ 2,401,000 Acquisition related expenses 13,267,000 Depreciation and amortization 8,135,000 Loss from operations (12,582,000 ) Other income (expense): Interest expense (including amortization of deferred financing costs and debt discount/premium) (560,000 ) Interest and other income 299,000 Net loss $ (12,843,000 ) Medical Office Buildings Skilled Nursing Facilities Hospitals Senior Housing Senior Housing — RIDEA Integrated Senior Health Campuses Six Months Ended June 30, 2016 Revenues: Real estate revenue $ 34,616,000 $ 2,311,000 $ 10,144,000 $ 9,297,000 $ — $ — $ 56,368,000 Resident fees and services — — — — 30,741,000 402,717,000 433,458,000 Total revenues 34,616,000 2,311,000 10,144,000 9,297,000 30,741,000 402,717,000 489,826,000 Expenses: Rental expenses 12,585,000 154,000 930,000 260,000 — — 13,929,000 Property operating expenses — — — — 20,956,000 360,530,000 381,486,000 Segment net operating income $ 22,031,000 $ 2,157,000 $ 9,214,000 $ 9,037,000 $ 9,785,000 $ 42,187,000 $ 94,411,000 Expenses: General and administrative $ 14,147,000 Acquisition related expenses 8,248,000 Depreciation and amortization 141,212,000 Loss from operations (69,196,000 ) Other income (expense): Interest expense (including amortization of deferred financing costs and debt discount/premium) Interest expense (19,323,000 ) Loss in fair value of derivative financial instruments (1,043,000 ) Foreign currency loss (5,042,000 ) Interest and other income 369,000 Loss from unconsolidated entities (4,561,000 ) Loss before income taxes (98,796,000 ) Income tax expense (175,000 ) Net loss $ (98,971,000 ) Medical Office Buildings Skilled Nursing Facilities Hospitals Senior Housing Senior Housing — RIDEA Integrated Senior Health Campuses Six Months Ended June 30, 2015 Revenues: Real estate revenue $ 20,405,000 $ — $ 4,990,000 $ 2,433,000 $ — $ — $ 27,828,000 Resident fees and services — — — — 2,819,000 — 2,819,000 Total revenues 20,405,000 — 4,990,000 2,433,000 2,819,000 — 30,647,000 Expenses: Rental expenses 7,205,000 — 1,230,000 167,000 — — 8,602,000 Property operating expenses — — — — 1,701,000 — 1,701,000 Segment net operating income $ 13,200,000 $ — $ 3,760,000 $ 2,266,000 $ 1,118,000 $ — $ 20,344,000 Expenses: General and administrative $ 5,168,000 Acquisition related expenses 22,675,000 Depreciation and amortization 12,808,000 Loss from operations (20,307,000 ) Other income (expense): Interest expense (including amortization of deferred financing costs and debt discount/premium) (957,000 ) Interest and other income 323,000 Net loss $ (20,941,000 ) Assets by reportable segment as of June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 December 31, 2015 Integrated senior health campuses $ 1,325,983,000 $ 1,258,308,000 Medical office buildings 676,563,000 577,399,000 Senior housing — RIDEA 292,751,000 290,184,000 Senior housing 218,679,000 225,574,000 Hospitals 125,066,000 127,372,000 Skilled nursing facilities 39,475,000 39,945,000 Other 83,227,000 6,237,000 Total assets $ 2,761,744,000 $ 2,525,019,000 As of June 30, 2016 and December 31, 2015 , goodwill of $62,911,000 was allocated to integrated senior health campuses and no other segments had goodwill. Our portfolio of properties and other investments are located in the United States, Isle of Man and the UK. Revenues and assets are attributed to the country in which the property is physically located. The following is a summary of geographic information for our operations for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Revenues: United States $ 240,205,000 $ 17,884,000 $ 487,463,000 $ 30,647,000 International 1,116,000 — 2,363,000 — Total revenues $ 241,321,000 $ 17,884,000 $ 489,826,000 $ 30,647,000 June 30, 2016 December 31, 2015 Real estate investments, net: United States $ 1,867,981,000 $ 1,638,074,000 International 35,989,000 40,324,000 Total real estate investments, net $ 1,903,970,000 $ 1,678,398,000

Concentration of Credit Risk

Concentration of Credit Risk	6 Months Ended
	Jun. 30, 2016
Concentration of Credit Risk [Abstract]
Concentration of Credit Risk	19. Concentration of Credit Risk Financial instruments that potentially subject us to a concentration of credit risk are primarily real estate notes receivable and investment, cash and cash equivalents, accounts and other receivables, restricted cash and real estate deposits. We are exposed to credit risk with respect to the real estate notes receivable and investment, but we believe collection of the outstanding amount is probable. We believe that the risk is further mitigated as the real estate notes receivable are secured by property and there is a guarantee of completion agreement executed between the parent company of the borrowers and us. Cash and cash equivalents are generally invested in investment-grade, short-term instruments with a maturity of three months or less when purchased. We have cash and cash equivalents in financial institutions that are insured by the Federal Deposit Insurance Corporation, or FDIC. As of June 30, 2016 and December 31, 2015 , we had cash and cash equivalents in excess of FDIC insured limits. We believe this risk is not significant. Concentration of credit risk with respect to accounts receivable from tenants is limited. We perform credit evaluations of prospective tenants and security deposits are obtained at the time of property acquisition and upon lease execution. Based on leases in effect as of June 30, 2016 , one state in the United States accounted for 10.0% or more of the annualized base rent of our total property portfolio. Properties located in Indiana accounted for 39.7% of the annualized base rent of our total property portfolio. Accordingly, there is a geographic concentration of risk subject to fluctuations in such state’s economy. Based on leases in effect as of June 30, 2016 , our six reportable business segments, integrated senior health campuses, medical office buildings, senior housing — RIDEA, senior housing, skilled nursing facilities and hospitals, accounted for 47.9% , 32.5% , 12.0% , 5.5% , 2.1% and 0.0% , respectively, of our annualized base rent. As of June 30, 2016 , none of our tenants at our properties accounted for 10.0% or more of our aggregate annualized base rent, which is based on contractual base rent from leases in effect inclusive of our senior housing — RIDEA facilities and integrated senior health campuses operations as of June 30, 2016 .

Per Share Data

Per Share Data	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Per Share Data	20. Per Share Data We report earnings (loss) per share pursuant to ASC Topic 260, Earnings per Share . Basic earnings (loss) per share for all periods presented are computed by dividing net income (loss) applicable to common stock by the weighted average number of shares of our common stock outstanding during the period. Net income (loss) applicable to common stock is calculated as net income (loss) attributable to controlling interest less distributions allocated to participating securities of $3,000 and $2,000 , respectively, for the three months ended June 30, 2016 and 2015 , and $6,000 and $4,000 , respectively, for the six months ended June 30, 2016 and 2015 . Diluted earnings (loss) per share are computed based on the weighted average number of shares of our common stock and all potentially dilutive securities, if any. Nonvested shares of our restricted common stock and redeemable limited partnership units of our operating partnership are participating securities and give rise to potentially dilutive shares of our common stock. As of June 30, 2016 and 2015 , there were 23,500 and 16,000 nonvested shares, respectively, of our restricted common stock outstanding, but such shares were excluded from the computation of diluted earnings per share because such shares were anti-dilutive during these periods. As of June 30, 2016 and 2015 , there were 222 units of redeemable limited partnership units of our operating partnership outstanding, but such units were also excluded from the computation of diluted earnings per share because such units were anti-dilutive during these periods.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	21. Subsequent Events Property Acquisitions Subsequent to June 30, 2016 , we completed the acquisitions of six buildings and a development parcel with improvements from unaffiliated parties. The aggregate contract purchase price of these acquisitions was $79,200,000 and we paid $1,765,000 in acquisition fees to our advisor in connection with these acquisitions. We have not yet measured the fair value of the tangible and identified intangible assets and liabilities of the acquisitions. The following is a summary of our acquisitions subsequent to June 30, 2016 : Acquisition(1) Location Type Date Contract Purchase Price Mortgage Loans Payable(2) 2016 Corporate Line of Credit(3) Acquisition Fee(4) Fox Grape SNF Portfolio Braintree, Brighton, Duxbury, Hingham and Weymouth, MA Skilled Nursing 07/01/16 $ 65,500,000 $ — $ 65,000,000 $ 1,474,000 Voorhees NJ MOB Voorhees, NJ Medical Office 07/08/16 11,300,000 — 11,000,000 254,000 Trilogy(5) Harrodsburg, KY Integrated Senior Health Campuses 07/15/16 2,400,000 2,040,000 — 37,000 $ 79,200,000 $ 2,040,000 $ 76,000,000 $ 1,765,000 ___________ (1) We own 100% of the properties acquired subsequent to June 30, 2016 with the exception of Trilogy. (2) Represents the principal balance of the mortgage loans payable placed on the property at the time of acquisition. (3) Represents borrowings under the 2016 Corporate Line of Credit at the time of acquisition. (4) Our advisor was paid in cash, as compensation for services rendered in connection with the investigation, selection and acquisition of our properties, an acquisition fee of 2.25% of the contract purchase price of the property, except for Trilogy, with respect to which we paid our advisor an acquisition fee of 2.25% of the portion of the contract purchase price attributed to our 67.7% ownership interest in the entity that acquired the property. (5) On July 15, 2016, we acquired a development parcel with improvements for a contract price of $2,400,000 through a majority-owned subsidiary of Trilogy.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our accompanying condensed consolidated financial statements include our accounts and those of our operating partnership, the wholly owned subsidiaries of our operating partnership and all non-wholly owned subsidiaries in which we have control, as well as any variable interest entities, or VIEs, in which we are the primary beneficiary. We evaluate our ability to control an entity, and whether the entity is a VIE and of which we are the primary beneficiary, by considering substantive terms of the arrangement and identifying which enterprise has the power to direct the activities of the entity that most significantly impacts the entity’s economic performance as defined in Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, Topic 810, Consolidation , or ASC Topic 810. We operate and intend to co ntinue to operate in an umbrella partnership REIT structure in which our operating partnership, or wholly owned subsidiaries of our operating partnership and all non-wholly owned subsidiaries of which we have control, will own substantially all of the interests in properties acquired on our behalf. We are the sole general partner of o ur operating partnership and as of June 30, 2016 and December 31, 2015 , we owned greater than a 99.99% general partnership interest therein. As of June 30, 2016 and December 31, 2015 , our advisor owned less than a 0.01% limited partnership interest in our operating partnership. Because we are the sole general partner of our operating partnership and have unilateral control over its management and major operating decisions (even if additional limited partners are admitted to our operating partnership), the accounts of our operating partnership are consolidated in our accompanying condensed consolidated financial statements. All intercompany accounts and transactions are eliminated in consolidation.
Interim Unaudited Financial Data	Interim Unaudited Financial Data Our accompanying condensed consolidated financial statements have been prepared by us in accordance with GAAP in conjunction with the rules and regulations of the SEC. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, our accompanying condensed consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. Our accompanying condensed consolidated financial statements reflect all adjustments which are, in our view, of a normal recurring nature and necessary for a fair presentation of our financial position, results of operations and cash flows for the interim period. Interim results of operations are not necessarily indicative of the results to be expected for the full year; such full year results may be less favorable. In preparing our accompanying condensed consolidated financial statements, management has evaluated subsequent events through the financial statement issuance date. We believe that although the disclosures contained herein are adequate to prevent the information presented from being misleading, our accompanying condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto included in our 2015 Annual Report on Form 10-K, as filed with the SEC on March 30, 2016.
Use of Estimates	Use of Estimates The preparation of our accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as the disclosure of contingent assets and liabilities, at the date of our condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are made and evaluated on an on-going basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates, perhaps in material adverse ways, and those estimates could be different under different assumptions or conditions.
Allowance for Uncollectible Accounts	Allowance for Uncollectible Accounts Tenant and resident receivables and unbilled deferred rent receivables are carried net of an allowance for uncollectible amounts. An allowance is maintained for estimated losses resulting from the inability of certain tenants or residents to meet the contractual obligations under their lease agreements. We also maintain an allowance for deferred rent receivables arising from the straight-line recognition of rents. Such allowances are charged to bad debt expense, which is included in general and administrative in our accompanying condensed consolidated statements of operations and comprehensive loss. Our determination of the adequacy of these allowances is based primarily upon evaluations of historical loss experience, the tenant’s or resident’s financial condition, security deposits, letters of credit, lease guarantees, current economic conditions and other relevant factors. As of June 30, 2016 and December 31, 2015 , we had $10,720,000 and $11,204,000 , respectively, in allowance for uncollectible accounts, which was determined necessary to reduce receivables to our estimate of the amount recoverable. For the three and six months ended June 30, 2016 and 2015 , we did not write off any receivables to bad debt expense. For the three and six months ended June 30, 2016 , $1,015,000 and $2,593,000 , respectively, of our receivables were written off against the allowance for uncollectible accounts. For the three and six months ended June 30, 2015 , we did not write off any receivables against the allowance for uncollectible accounts. As of June 30, 2016 and December 31, 2015 , we did not have any allowance for uncollectible accounts for deferred rent receivables. For the three and six months ended June 30, 2016 , $4,000 and $28,000 , respectively, of our deferred rent receivables were directly written off to bad debt expense. For the three and six months ended June 30, 2015 , we did not write off any of our deferred rent receivables directly to bad debt expense.
Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities As of June 30, 2016 and December 31, 2015 , accounts payable and accrued liabilities consisted primarily of insurance payables of $20,575,000 and $21,689,000 , respectively, reimbursement of payroll related costs to the managers of our senior housing — RIDEA facilities and integrated senior health campuses of $15,502,000 and $19,391,000 , respectively, accrued property taxes of $13,020,000 and $11,447,000 , respectively, and accrued distributions of $9,582,000 and $9,745,000 , respectively.
Derivative Financial Instruments	Derivative Financial Instruments We are exposed to the effect of interest rate changes in the normal course of business. We seek to mitigate these risks by following established risk management policies and procedures, which include the occasional use of derivatives. Our primary strategy in entering into derivative contracts, such as fixed interest rate swaps and interest rate caps, is to add stability to interest expense and to manage our exposure to interest rate movements by effectively converting a portion of our variable-rate debt to fixed-rate debt. We do not enter into derivative instruments for speculative purposes. Derivatives are recognized as either assets or liabilities in our accompanying condensed consolidated balance sheets and are measured at fair value in accordance with ASC Topic 815, Derivatives and Hedging , or ASC Topic 815. ASC Topic 815 establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts and for hedging activities. Since our derivative instruments are not designated as hedge instruments, they do not qualify for hedge accounting under ASC Topic 815. Changes in the fair value of interest rate derivative financial instruments are recorded as a component of interest expense in loss in fair value of derivative financial instruments in our accompanying condensed consolidated statements of operations and comprehensive loss.
Reclassifications	Reclassifications As of December 31, 2015, $1,200,000 of deferred financing costs, net, related to our mortgage loans payable have been reclassified from other assets, net to mortgage loans payable, net on our accompanying condensed consolidated balance sheets to conform to the current period presentation in accordance with Accounting Standards Update, or ASU, 2015-03, Simplifying the Presentation of Debt Issuance Costs, or ASU 2015-03. Such reclassification did not have a material impact on our consolidated financial statements.
Recently Issued Accounting Pronouncements	Recently Issued or Adopted Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, or ASU 2014-09, which replaces the existing accounting standards for revenue recognition. ASU 2014-09 provides a five-step framework to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration expected to be received in exchange for those goods or services. Since its issuance, the FASB has amended several aspects of ASU 2014-09, including provisions that address principal-versus-agent implementation guidance and identifying performance obligations. ASU 2014-09 is effective for interim and annual reporting periods beginning after December 15, 2017. It may be adopted either by restating all years presented in the financial statements or by recording the impact of adoption as an adjustment to retained earnings at the beginning of the year of adoption. We have not yet selected a transition method nor have we determined the impact the adoption of ASU 2014-09 and its amendments on January 1, 2018 will have on our consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis, or ASU 2015-02, which amends the consolidation analysis required under ASC Topic 810. Specifically, ASU 2015-02: (i) modifies the evaluation of whether limited partnerships and similar legal entities are VIEs; (ii) eliminates the presumption that a general partner should consolidate a limited partnership; and (iii) amends the effect of fee arrangements in the primary beneficiary determination. Further, the application of ASU 2015-02 permits the use of either the full retrospective or modified retrospective adoption approach. ASU 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015 with early adoption permitted. We adopted ASU 2015-02 on January 1, 2016, which did not have a material impact on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying Presentation of Debt Issuance Costs , or ASU 2015-03, which amends the presentation of debt issuance costs in the financial statements to present such costs as a direct deduction from the carrying amount of the related debt liability rather than as an asset. Amortization of such costs is required to be reported as interest expense. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements , which clarified that debt issuance costs associated with line of credit arrangements may continue to be presented as an asset, regardless of whether there are any outstanding borrowings on the line of credit arrangement. The application of ASU 2015-03 requires retrospective adjustment of all prior periods presented. ASU 2015-03 is effective for interim and annual reporting periods beginning after December 15, 2015 with early adoption permitted. We adopted ASU 2015-03 on January 1, 2016, which did not have a material impact on our consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments, or ASU 2015-16, which eliminates the requirement to restate prior period financial statements for measurement period adjustments in a business combination. The cumulative effect of a measurement period adjustment as a result of a change in the provisional amounts, calculated as if the accounting had been completed as of the acquisition date, is required to be recorded in the reporting period in which the adjustment amount is determined, rather than retrospectively. Further, ASU 2015-16 requires that the acquirer present separately, on the face of the income statement or disclose in the notes, the portion of the amount recorded in the current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. ASU 2015-16 is effective for interim and annual reporting periods beginning after December 15, 2015 and should be applied prospectively to adjustments to provisional amounts that occur after the effective date. Early adoption is permitted for financial statements that have not yet been made available for issuance. We adopted ASU 2015-16 on January 1, 2016, which did not have a material impact on our consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities , or ASU 2016-01, which amends the classification and measurement of financial instruments. ASU 2016-01 revises the accounting related to: (i) the classification and measurement of investments in equity securities; and (ii) the presentation of certain fair value changes for financial liabilities measured at fair value. ASU 2016-01 also amends certain disclosure requirements associated with the fair value of financial instruments. ASU 2016-01 is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, with respect to only certain of the amendments in ASU 2016-01, for financial statements that have not yet been made available for issuance. ASU 2016-01 requires the application of the amendments by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, with certain exceptions. We have not yet determined the impact the adoption of ASU 2016-01 on January 1, 2018 will have on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases , or ASU 2016-02, which amends the guidance on accounting for leases, including extensive amendments to the disclosure requirements. Under ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under ASU 2016-02, lessor accounting is largely unchanged. ASU 2016-02 is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption is permitted for financial statements that have not yet been made available for issuance. ASU 2016-02 requires a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We have not yet determined the impact the adoption of ASU 2016-02 on January 1, 2019 will have on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, or ASU 2016-09, which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory withholding requirements, as well as classification in the statement of cash flows. ASU 2016-09 requires disclosures about a change in accounting principle under ASC 250, Accounting Changes and Error Corrections , in the period of adoption. ASU 2016-09 is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption is permitted for financial statements that have not yet been made available for issuance. We do not expect the adoption of ASU 2016-09 on January 1, 2017 to have a material impact on our consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses, or ASU 2016-13, which introduces a new approach to estimate credit losses on certain types of financial instruments based on expected losses. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. ASU 2016-13 is effective for fiscal years and interim periods beginning after December 15, 2019. Early adoption is permitted after December 15, 2018. We have not yet determined the impact the adoption of ASU 2016-13 on January 1, 2020 will have on our consolidated financial statements.

Real Estate Investments, Net (T

Real Estate Investments, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Real Estate Investments, Net	Our real estate investments, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, Building, improvements and construction in process $ 1,749,366,000 $ 1,518,611,000 Land 138,525,000 123,906,000 Furniture, fixtures and equipment 74,339,000 62,481,000 1,962,230,000 1,704,998,000 Less: accumulated depreciation (58,260,000 ) (26,600,000 ) $ 1,903,970,000 $ 1,678,398,000
Summary of Acquisitions	The following is a summary of our property acquisitions for the six months ended June 30, 2016 : Acquisition(1) Location Type Date Acquired Contract Purchase Price Mortgage Loans Payable(2) 2016 Corporate Line of Credit(3) Acquisition Fee(4) Naperville MOB Naperville, IL Medical Office 01/12/16 $ 17,385,000 $ — $ 18,000,000 $ 391,000 Lakeview IN Medical Plaza(5) Indianapolis, IN Medical Office 01/21/16 20,000,000 15,000,000 3,500,000 387,000 Pennsylvania Senior Housing Portfolio II Palmyra, PA Senior Housing — RIDEA 02/01/16 27,500,000 — 27,200,000 619,000 Snellville GA MOB Snellville, GA Medical Office 02/05/16 8,300,000 — 8,300,000 187,000 Lakebrook Medical Center Westbrook, CT Medical Office 02/19/16 6,150,000 — — 138,000 Stockbridge GA MOB III Stockbridge, GA Medical Office 03/29/16 10,300,000 — 9,750,000 232,000 Joplin MO MOB Joplin, MO Medical Office 05/10/16 11,600,000 — 12,000,000 261,000 Austell GA MOB Austell, GA Medical Office 05/25/16 12,600,000 — 12,000,000 284,000 Middletown OH MOB Middletown, OH Medical Office 06/16/16 19,300,000 — 17,000,000 434,000 Trilogy(6) IN and KY Integrated Senior Health Campuses 06/24/16 135,089,000 93,150,000 30,310,000 2,058,000 Total $ 268,224,000 $ 108,150,000 $ 138,060,000 $ 4,991,000 ___________ (1) We own 100% of our properties acquired in 2016 with the exception of Lakeview IN Medical Plaza and Trilogy Investors, LLC, or Trilogy. (2) Represents the principal balance of the mortgage loans payable placed on the property at the time of acquisition. (3) Represents borrowings under the 2016 Corporate Line of Credit, as defined in Note 8, Lines of Credit and Term Loan , at the time of acquisition. (4) Our advisor was paid in cash, as compensation for services rendered in connection with the investigation, selection and acquisition of our properties, an acquisition fee of 2.25% of the contract purchase price of the property, except for Lakeview IN Medical Plaza and Trilogy, with respect to which we paid our advisor an acquisition fee of 2.25% of the portion of the contract purchase price attributed to our ownership interest of approximately 86.0% and 67.7% , respectively, in the entity that acquired the property. (5) On January 21, 2016, we completed the acquisition of Lakeview IN Medical Plaza, pursuant to a joint venture with an affiliate of Cornerstone Companies, Inc., an unaffiliated third party. Our effective ownership of the joint venture is 86.0% . (6) On June 24, 2016 and June 30, 2016, we acquired the real estate underlying seven previously leased integrated senior health campuses through a majority-owned subsidiary of Trilogy. The following is a summary of our acquisitions subsequent to June 30, 2016 : Acquisition(1) Location Type Date Contract Purchase Price Mortgage Loans Payable(2) 2016 Corporate Line of Credit(3) Acquisition Fee(4) Fox Grape SNF Portfolio Braintree, Brighton, Duxbury, Hingham and Weymouth, MA Skilled Nursing 07/01/16 $ 65,500,000 $ — $ 65,000,000 $ 1,474,000 Voorhees NJ MOB Voorhees, NJ Medical Office 07/08/16 11,300,000 — 11,000,000 254,000 Trilogy(5) Harrodsburg, KY Integrated Senior Health Campuses 07/15/16 2,400,000 2,040,000 — 37,000 $ 79,200,000 $ 2,040,000 $ 76,000,000 $ 1,765,000 ___________ (1) We own 100% of the properties acquired subsequent to June 30, 2016 with the exception of Trilogy. (2) Represents the principal balance of the mortgage loans payable placed on the property at the time of acquisition. (3) Represents borrowings under the 2016 Corporate Line of Credit at the time of acquisition. (4) Our advisor was paid in cash, as compensation for services rendered in connection with the investigation, selection and acquisition of our properties, an acquisition fee of 2.25% of the contract purchase price of the property, except for Trilogy, with respect to which we paid our advisor an acquisition fee of 2.25% of the portion of the contract purchase price attributed to our 67.7% ownership interest in the entity that acquired the property. (5) On July 15, 2016, we acquired a development parcel with improvements for a contract price of $2,400,000 through a majority-owned subsidiary of Trilogy.

Real Estate Notes Receivable 30

Real Estate Notes Receivable and Investment(Tables)	6 Months Ended
	Jun. 30, 2016
Real Estate Notes Receivable and Investment, Net
Real Estate Notes Receivable, Net	The following is a summary of our notes receivable and investment as of June 30, 2016 and December 31, 2015 , including unamortized loan and closing costs, net: Balance Origination Date Maturity Date Contractual Interest Rate(1) Maximum Advances Available June 30, 2016 December 31, 2015 Acquisition Fee(2) Mezzanine Floating Rate Notes(3)(5) United States 02/04/15 12/09/16 6.44% $ 31,567,000 $ 31,277,000 $ 31,277,000 $ 631,000 Mezzanine Fixed Rate Notes(3)(5) United States 02/04/15 12/09/19 6.75% 28,650,000 28,650,000 28,650,000 573,000 Crown Senior Care Facility(4)(5) United Kingdom 09/16/15 various 6.50% 21,424,000 20,455,000 20,746,000 471,000 Investment(6) 10/15/15 08/25/25 4.24% N/A 62,039,000 60,945,000 1,209,000 142,421,000 141,618,000 $ 2,884,000 Unamortized loan and closing costs, net 2,506,000 2,859,000 $ 144,927,000 $ 144,477,000 ___________ (1) Represents the per annum interest rate in effect as of June 30, 2016 . (2) Our advisor was paid in cash, as compensation for services in connection with real estate-related investments, an acquisition fee of 2.00% of the total amount advanced or invested through June 30, 2016 . (3) On February 4, 2015, we acquired eight promissory notes at par in the aggregate outstanding principal amount of $60,217,000 , or the Mezzanine Notes, comprising four fixed-rate notes in the aggregate outstanding principal amount of $28,650,000 , or the Mezzanine Fixed Rate Notes, and four floating-rate notes in the aggregate outstanding principal amount of $31,567,000 , or the Mezzanine Floating Rate Notes. The Mezzanine Notes evidence interests in a portion of a mezzanine loan that consisted in total of 40 promissory notes in the aggregate outstanding principal amount of $389,852,000 . The mezzanine loan is secured by pledges of equity interests in the owners of a portfolio of domestic healthcare properties, which such owners are themselves owned indirectly by a non-wholly owned subsidiary of NorthStar Realty Finance Corp. The maturity date of the Mezzanine Floating Rate Notes may be extended by three successive one -year extension periods at the borrower’s option, subject to satisfaction of certain conditions. (4) We entered into a facility agreement with Caring Homes (TFP) Group Limited, or the CHG Borrower, an unaffiliated third party, on September 16, 2015. The facility agreement matures no later than September 21, 2016. The facility agreement is collateralized by two senior housing facilities in the United Kingdom, or the UK, and the income from the CHG Borrower’s operations. Based on the currency exchange rate as of June 30, 2016 , the maximum amount of advances available was £16,000,000 , or approximately $21,424,000 , and the outstanding balance as of June 30, 2016 was £15,276,000 , or approximately $20,455,000 . Based on the currency exchange rate as of June 30, 2016 , approximately $969,000 remained available for future funding under Crown Senior Care Facility, subject to certain conditions set forth in the applicable loan agreement. As of June 30, 2016 , the CHG Borrower has been identified as a VIE. We do not consolidate such VIE because we do not have the ability to control the activities that most significantly impact the VIE’s economic performance. Our exposure to loss as a result of involvement with such VIE is limited to the outstanding balance of Crown Senior Care Facility. (5) Balance represents the original principal balance, increased by any subsequent advances and decreased by any subsequent principal paydowns, and only requires monthly interest payments. The Mezzanine Floating Rate Notes, Mezzanine Fixed Rate Notes and Crown Senior Care Facility are subject to certain prepayment restrictions if repaid on or before the respective maturity dates. (6) On October 15, 2015, we acquired a commercial mortgage-backed debt security, or the debt security, for a purchase price of $60,429,000 from an unaffiliated third party. The debt security was issued by FREMF 2015-KS03 Mortgage Trust, or the Mortgage Trust, and represents a 10.0% beneficial ownership interest in the Mortgage Trust. The Mortgage Trust owns a pool of 59 mortgage loans that are secured by 59 domestic senior housing facilities. The debt security bears an interest rate on the stated principal amount thereof equal to 4.24% per annum, the terms of which security provide for monthly interest-only payments. The debt security matures on August 25, 2025 at a stated amount of $93,433,000 , resulting in an anticipated yield-to-maturity of 10.0% per annum. The debt security is subordinate to all other interests in the Mortgage Trust and is not guaranteed by a government-sponsored entity. We classify our debt security investment as held-to-maturity and we have not recorded any unrealized holding gains or losses on such investment.
Changes in Carrying Amount of Real Estate Notes Receivable	The changes in the carrying amount of real estate notes receivable and investment, net consisted of the following for the six months ended June 30, 2016 and 2015 : Six Months Ended June 30, 2016 2015 Beginning balance $ 144,477,000 $ — Additions: Acquisition of real estate notes receivable 1,942,000 60,217,000 Accretion on debt security 1,094,000 — Loan costs 39,000 1,273,000 Deductions: Foreign currency translation adjustments (2,249,000 ) — Amortization of loan and closing costs (376,000 ) (183,000 ) Ending balance $ 144,927,000 $ 61,307,000

Identified Intangible Assets,31

Identified Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Finite-Lived Intangible Assets, Net [Abstract]
Identified intangible assets, net	Identified intangible assets, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 Amortized intangible assets: In-place leases, net of accumulated amortization of $120,826,000 and $35,531,000 as of June 30, 2016 and December 31, 2015, respectively (with a weighted average remaining life of 3.4 years and 2.5 years as of June 30, 2016 and December 31, 2015, respectively) $ 133,133,000 $ 221,846,000 Leasehold interests, net of accumulated amortization of $195,000 and $126,000 as of June 30, 2016 and December 31, 2015, respectively (with a weighted average remaining life of 56.1 years and 56.6 years as of June 30, 2016 and December 31, 2015, respectively) 7,699,000 7,768,000 Above-market leases, net of accumulated amortization of $2,096,000 and $1,360,000 as of June 30, 2016 and December 31, 2015, respectively (with a weighted average remaining life of 5.3 years and 5.0 years as of June 30, 2016 and December 31, 2015, respectively) 4,957,000 4,401,000 Unamortized intangible assets: Purchase option assets (1) 71,000,000 71,000,000 Certificates of need 62,238,000 51,855,000 Trade names 30,267,000 30,267,000 $ 309,294,000 $ 387,137,000 ___________ (1) Under certain leases of our leased facilities in which we are the lessee, we have the right to acquire the properties at varying dates in the future and at our option. We estimate the fair value of these purchase option assets by discounting the difference between the applicable property’s acquisition date fair value and an estimate of its future option price. We do not amortize the resulting intangible asset over the term of the lease, but rather adjust the recognized value of the asset upon purchase.
Amortization expense on identified intangible assets	As of June 30, 2016 , estimated amortization expense on the identified intangible assets for the six months ending December 31, 2016 and for each of the next four years ending December 31 and thereafter was as follows: Year Amount 2016 $ 88,319,000 2017 13,728,000 2018 6,871,000 2019 5,699,000 2020 4,558,000 Thereafter 26,614,000 $ 145,789,000

Other Assets, Net (Tables)

Other Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Other Assets [Abstract]
Other Assets, Net	Other assets, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 Investments in unconsolidated entities $ 26,527,000 $ 27,210,000 Inventory 15,297,000 16,313,000 Deferred financing costs, net of accumulated amortization of $1,709,000 and $550,000 as of June 30, 2016 and December 31, 2015, respectively(1) 11,377,000 6,344,000 Prepaid expenses, deposits and other assets 10,780,000 7,098,000 Deferred rent receivables 4,968,000 3,028,000 Lease commissions, net of accumulated amortization of $65,000 and $17,000 as of June 30, 2016 and December 31, 2015, respectively 3,162,000 309,000 $ 72,111,000 $ 60,302,000 ___________ (1) In accordance with ASU 2015-03 and ASU 2015-15, deferred financing costs, net only include costs related to our lines of credit and term loan.

Mortgage Loans Payable, Net (Ta

Mortgage Loans Payable, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Mortgage Loans on Real Estate [Abstract]
Mortgage Loans Payable, Net	Mortgage loans payable, net consisted of the following as of June 30, 2016 and December 31, 2015 : June 30, 2016 December 31, 2015 Total fixed-rate debt $ 300,121,000 $ 302,892,000 Total variable-rate debt 120,391,000 9,348,000 Total fixed- and variable-rate debt 420,512,000 312,240,000 Less: deferred financing costs, net(1) (2,990,000 ) (1,200,000 ) Add: premium 2,018,000 1,916,000 Less: discount (17,173,000 ) (17,686,000 ) Mortgage loans payable, net $ 402,367,000 $ 295,270,000 ___________ (1) In accordance with ASU 2015-03 and ASU 2015-15, deferred financing costs, net only includes costs related to our mortgage loans payable.
Schedule of Activity Related to Mortgage Loans Payable	The changes in the carrying amount of mortgage loans payable, net consisted of the following for the six months ended June 30, 2016 and 2015 : Six Months Ended June 30, 2016 2015 Beginning balance $ 295,270,000 $ 16,742,000 Additions: Borrowings/assumptions of mortgage loans payable, net 111,473,000 37,481,000 Amortization of deferred financing costs 185,000 50,000 Deductions: Scheduled principal payments on mortgage loans payable (2,771,000 ) (313,000 ) Amortization of discount/premium on mortgage loans payable 184,000 (113,000 ) Deferred financing costs (1,974,000 ) (565,000 ) Ending balance $ 402,367,000 $ 53,282,000
Principal Payments Due on Mortgage Loans Payable	As of June 30, 2016 , the principal payments due on our mortgage loans payable for the six months ending December 31, 2016 and for each of the next four years ending December 31 and thereafter were as follows: Year Amount 2016 $ 2,858,000 2017 13,343,000 2018 99,405,000 2019 20,861,000 2020 29,472,000 Thereafter 254,573,000 $ 420,512,000

Derivative Financial Instrume34

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table lists the derivative financial instruments held by us as of June 30, 2016 : Notional Amount Index Interest Rate Fair Value Instrument Maturity Date $ 17,075,000 one month LIBOR 2.25 % $ — Cap 02/01/18 140,000,000 one month LIBOR 0.82 % (759,000 ) Swap 02/03/19 60,000,000 one month LIBOR 0.78 % (269,000 ) Swap 02/03/19 $ 217,075,000 $ (1,028,000 )

Identified Intangible Liabili35

Identified Intangible Liabilities, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Identified Intangible Liabilities [Abstract]
Summary of Amortization Expense on Below Market Leases	As of June 30, 2016 , estimated amortization expense on below-market leases for the six months ending December 31, 2016 and for each of the next four years ending December 31 and thereafter was as follows: Year Amount 2016 $ 374,000 2017 568,000 2018 410,000 2019 336,000 2020 216,000 Thereafter 267,000 $ 2,171,000

Redeemable Noncontrolling Int36

Redeemable Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2016
Temporary Equity [Abstract]
Redeemable Noncontrolling Interest	The changes in the carrying amount of redeemable noncontrolling interests consisted of the following for the six months ended June 30, 2016 and 2015 : Six Months Ended June 30, 2016 2015 Beginning balance $ 22,987,000 $ 2,000 Addition 2,295,000 — Net loss attributable to redeemable noncontrolling interests — — Ending balance $ 25,282,000 $ 2,000

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The changes in accumulated other comprehensive loss, net of noncontrolling interests, by component consisted of the following for the six months ended June 30, 2016 : Foreign Currency Translation Adjustments Balance — December 31, 2015 $ (506,000 ) Net change in current period (1,489,000 ) Balance — June 30, 2016 $ (1,995,000 )
Status and Changes of Nonvested Shares of Restricted Common Stock	A summary of the status of the nonvested shares of our restricted common stock as of June 30, 2016 and December 31, 2015 and the changes for the six months ended June 30, 2016 , is presented below: Number of Nonvested Shares of our Restricted Common Stock Weighted Average Grant Date Fair Value Balance — December 31, 2015 21,000 $ 10.00 Granted 7,500 $ 10.00 Vested (5,000 ) $ 10.00 Forfeited — $ — Balance — June 30, 2016 23,500 $ 10.00 Expected to vest — June 30, 2016 23,500 $ 10.00

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	For the six months ended June 30, 2015 , our officers invested the following amounts and we issued the following shares of our common stock pursuant to the applicable stock purchase plan: Six Months Ended Officer’s Name Title Amount Shares Jeffrey T. Hanson Chief Executive Officer and Chairman of the Board of Directors $ 17,000 1,902 Danny Prosky President, Chief Operating Officer and Director 20,000 2,246 Mathieu B. Streiff Executive Vice President, General Counsel 19,000 2,062 Stefan K.L. Oh Executive Vice President — Acquisitions 2,000 168 Cora Lo Assistant General Counsel and Secretary 1,000 106 Chris Rooney Vice President — Asset Management 1,000 135 Shannon K S Johnson Former Chief Financial Officer 1,000 165 $ 61,000 6,784
Schedule Of Amounts Outstanding To Affiliates Table	The following amounts were outstanding to our affiliates as of June 30, 2016 and December 31, 2015 : Fee June 30, 2016 December 31, 2015 Asset and property management fees $ 1,678,000 $ 1,111,000 Acquisition fees 131,000 133,000 Construction management fees 8,000 9,000 Operating expenses 9,000 3,000 Lease commissions 88,000 1,000 $ 1,914,000 $ 1,257,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The table below presents our assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 , aggregated by the level in the fair value hierarchy within which those measurements fall: Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Derivative financial instrument $ — $ — $ — $ — Contingent consideration receivables — — — — Total assets at fair value $ — $ — $ — $ — Liabilities: Derivative financial instrument $ — $ 1,028,000 $ — $ 1,028,000 Contingent consideration obligations — — 5,820,000 5,820,000 Warrants — — 1,014,000 1,014,000 Total liabilities at fair value $ — $ 1,028,000 $ 6,834,000 $ 7,862,000 The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 , aggregated by the level in the fair value hierarchy within which those measurements fall: Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets: Contingent consideration receivables $ — $ — $ — $ — Total assets at fair value $ — $ — $ — $ — Liabilities: Contingent consideration obligations $ — $ — $ 5,912,000 $ 5,912,000 Warrants — — 1,014,000 1,014,000 Total liabilities at fair value $ — $ — $ 6,926,000 $ 6,926,000
Fair Value Inputs, Liabilities, Quantitative Information	The following table shows quantitative information about unobservable inputs related to Level 3 fair value measurements used as of June 30, 2016 and December 31, 2015 for the contingent consideration obligations: Range of Inputs or Inputs Fair Value Acquisition Unobservable Inputs(1) June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 North Carolina ALF Portfolio — North Raleigh and Mooresville(2) Tenant’s Annualized EBITDAR, as defined, for the Three Months Prior to Payment $ 3,525,000 $ 3,516,000 $ 3,682,000 $ 3,524,000 Timing of Payment January 27, 2018 January 27, 2018 Applicable Rate, as defined in the lease agreement 7.2% 7.2% Discount Rate per Annum 0.58% 1.06% Percentage of Eligible Payment Requested 100% 100% King of Prussia PA MOB(3) Percentage of Allowance for Leasing Commissions to be Paid 100% 100% $ 50,000 $ 400,000 North Carolina ALF Portfolio — Clemmons and Wake Forest(2) Tenant’s Annualized EBITDAR, as defined, for the Three Months Prior to Payment $ 1,558,000 $ 1,491,000 $ 1,415,000 $ 607,000 Timing of Payment June 28, 2018 June 28, 2018 Applicable Rate, as defined in the lease agreement 7.2% 7.2% Discount Rate per Annum 0.58% 1.06% Percentage of Eligible Payment Requested 100% 100% Stockbridge GA MOB II(4) Percentage of Total Unoccupied Square Footage Leased Up 100% 100% $ 673,000 $ 1,381,000 Timing of Payment March 3, 2017 March 3, 2017 Capitalization Rate 7.5% 7.5% Initial Base Rent per Square Foot $ 16.00 $ 17.00 Tenant Improvement Allowance per Square Foot $ 30.00 $ 30.00 Lease Commission Rate 4.00% 4.00% ___________ (1) Significant increases or decreases in any of the unobservable inputs in isolation or in the aggregate would result in a significantly higher or lower fair value measurement to the contingent consideration obligation as of June 30, 2016 and December 31, 2015 . (2) The most significant input to the valuation is the tenant’s annualized EBITDAR, as defined in the lease agreement. An increase (decrease) in the tenant’s annualized EBITDAR would increase (decrease) the fair value. (3) An increase (decrease) in the leasing commissions to be paid would increase (decrease) the fair value. (4) The most significant input to the valuation is the percentage of total unoccupied square footage leased up. An increase (decrease) in the percentage of total unoccupied square footage leased up would increase (decrease) the fair value. An increase (decrease) in the tenant improvement allowance per square foot would decrease (increase) the fair value. An increase (decrease) in initial base rent would increase (decrease) the fair value.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The following is a reconciliation of the beginning and ending balances of our contingent consideration assets and obligations for the three and six months ended June 30, 2016 and 2015 : Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Contingent Consideration Assets: Beginning balance $ — $ — $ — $ — Additions to contingent consideration assets — — — — Realized/unrealized (gains) losses recognized in earnings — — — — Ending balance $ — $ — $ — $ — Amount of total (gains) losses included in earnings attributable to the change in unrealized (gains) losses related to assets still held $ — $ — $ — $ — Contingent Consideration Obligations: Beginning balance $ 5,196,000 $ 5,264,000 $ 5,912,000 $ 1,393,000 Additions to contingent consideration obligations — 596,000 — 4,467,000 Realized/unrealized losses (gains) recognized in earnings 624,000 (580,000 ) 258,000 (580,000 ) Settlements of obligations — — (350,000 ) — Ending balance $ 5,820,000 $ 5,280,000 $ 5,820,000 $ 5,280,000 Amount of total losses (gains) included in earnings attributable to the change in unrealized (gains) losses related to obligations still held $ 624,000 $ 18,000 $ 258,000 $ 18,000
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following is a reconciliation of the beginning and ending balances of our contingent consideration assets and obligations for the three and six months ended June 30, 2016 and 2015 : Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Contingent Consideration Assets: Beginning balance $ — $ — $ — $ — Additions to contingent consideration assets — — — — Realized/unrealized (gains) losses recognized in earnings — — — — Ending balance $ — $ — $ — $ — Amount of total (gains) losses included in earnings attributable to the change in unrealized (gains) losses related to assets still held $ — $ — $ — $ — Contingent Consideration Obligations: Beginning balance $ 5,196,000 $ 5,264,000 $ 5,912,000 $ 1,393,000 Additions to contingent consideration obligations — 596,000 — 4,467,000 Realized/unrealized losses (gains) recognized in earnings 624,000 (580,000 ) 258,000 (580,000 ) Settlements of obligations — — (350,000 ) — Ending balance $ 5,820,000 $ 5,280,000 $ 5,820,000 $ 5,280,000 Amount of total losses (gains) included in earnings attributable to the change in unrealized (gains) losses related to obligations still held $ 624,000 $ 18,000 $ 258,000 $ 18,000
Fair Value, by Balance Sheet Grouping	The carrying amounts and estimated fair values of such financial instruments were as follows: June 30, 2016 December 31, 2015 Carrying Amount Fair Value Carrying Amount Fair Value Financial Assets: Real estate notes receivable $ 81,111,000 $ 83,644,000 $ 81,716,000 $ 80,845,000 Investment $ 63,816,000 $ 93,348,000 $ 62,761,000 $ 94,393,000 Financial Liabilities: Mortgage loans payable $ 402,367,000 $ 415,025,000 $ 295,270,000 $ 294,701,000 Lines of credit and term loan $ 580,015,000 $ 591,801,000 $ 343,656,000 $ 350,000,000

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of loss before Income Tax, Domestic and Foreign	We did not incur any income taxes for the three and six months ended June 30, 2015 . The components of loss before taxes for the three and six months ended June 30, 2016 were as follows: Three Months Ended Six Months Ended June 30, 2016 June 30, 2016 Domestic $ (52,678,000 ) $ (98,654,000 ) Foreign (115,000 ) (142,000 ) Loss before income taxes $ (52,793,000 ) $ (98,796,000 )
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax (benefit) expense for the three and six months ended June 30, 2016 and 2015 were as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Federal deferred $ (4,649,000 ) $ (568,000 ) $ (8,394,000 ) $ (568,000 ) State deferred (431,000 ) (79,000 ) (856,000 ) (79,000 ) Foreign deferred (87,000 ) — (87,000 ) — Federal current (1,070,000 ) — 8,000 — Foreign current 186,000 — 167,000 — Valuation allowances 5,167,000 647,000 9,337,000 647,000 Total income tax (benefit) expense $ (884,000 ) $ — $ 175,000 $ —

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of Revenues and Net Income (Loss) Of Properties Acquired	For the period from the acquisition date through June 30, 2015 , we recognized the following amounts of revenue and net income (loss) for the property acquisitions: Acquisition Revenue Net Income (Loss) Independence MOB Portfolio $ 6,552,000 $ 904,000 Pennsylvania Senior Housing Portfolio $ — $ (3,000 ) Other 2015 Acquisitions $ 9,582,000 $ 1,244,000 For the period from the acquisition date through June 30, 2016 , we recognized the following amounts of revenue and net loss for the property acquisitions: Acquisition Revenue Net Loss 2016 Acquisitions $ 5,803,000 $ (642,000 )
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed of our 14 property acquisitions, which we determined using Level 2 and Level 3 inputs: Independence MOB Portfolio Pennsylvania Senior Housing Portfolio Other 2015 Acquisitions Building and improvements $ 113,727,000 $ 76,970,000 $ 326,134,000 Land 7,367,000 2,994,000 28,509,000 Furniture, fixtures and equipment — 635,000 1,441,000 In-place leases 7,182,000 8,057,000 29,069,000 Above-market leases 1,321,000 — 746,000 Leasehold interest 5,715,000 — 95,000 Total assets acquired 135,312,000 88,656,000 385,994,000 Mortgage loans payable, net — (13,254,000 ) (24,227,000 ) Below-market leases (350,000 ) — (27,000 ) Other liabilities — — (4,467,000 ) (1 ) Total liabilities assumed (350,000 ) (13,254,000 ) (28,721,000 ) Net assets acquired $ 134,962,000 $ 75,402,000 $ 357,273,000 ___________ (1) Included in other liabilities is $4,067,000 and $400,000 accrued for as contingent consideration obligations in connection with the purchase of North Carolina ALF Portfolio and King of Prussia PA MOB, respectively. For a further discussion, see Note 15, Fair Value Measurements — Assets and Liabilities Reported at Fair Value — Contingent Consideration. The following table summarizes the acquisition date fair values of the assets acquired and liabilities assumed of our nine property acquisitions in 2016: 2016 Acquisitions Building and improvements $ 221,661,000 Land 14,693,000 Furniture, fixtures and equipment 644,000 In-place leases 20,584,000 Above-market leases 1,324,000 Certificate of need 10,101,000 Total assets acquired 269,007,000 Below-market leases (1,423,000 ) Total liabilities assumed (1,423,000 ) Net assets acquired $ 267,584,000
Business Acquisition, Pro Forma Information	Assuming the property acquisitions in 2015 discussed above had occurred on January 1, 2014, for the three and six months ended June 30, 2015 and 2014 , unaudited pro forma revenue, net income (loss), net income (loss) attributable to controlling interest and net income (loss) per common share attributable to controlling interest — basic and diluted would have been as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Revenue $ 27,009,000 $ 20,466,000 $ 55,382,000 $ 40,880,000 Net income (loss) $ 647,000 $ (9,774,000 ) $ 4,985,000 $ (21,531,000 ) Net income (loss) attributable to controlling interest $ 647,000 $ (9,775,000 ) $ 4,985,000 $ (21,531,000 ) Net income (loss) per com mon share attributable to controlling interest — basic and diluted $ — $ (0.15 ) $ 0.02 $ (0.33 ) Assuming the property acquisitions in 2016 discussed above had occurred on January 1, 2015, for the three and six months ended June 30, 2016 and 2015, unaudited pro forma revenue, net loss, net loss attributable to controlling interest and net loss per common share attributable to controlling interest — basic and diluted would have been as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Revenue $ 242,171,000 $ 21,578,000 $ 493,160,000 $ 39,749,000 Net loss $ (45,254,000 ) $ (16,608,000 ) $ (85,648,000 ) $ (31,594,000 ) Net loss attributable to controlling interest $ (32,928,000 ) $ (15,873,000 ) $ (60,642,000 ) $ (30,153,000 ) Net loss per com mon share attributable to controlling interest — basic and diluted $ (0.17 ) $ (0.08 ) $ (0.31 ) $ (0.17 )

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Summary Information by Reportable Segment	Summary information for the reportable segments during the three and six months ended June 30, 2016 and 2015 was as follows: Medical Office Buildings Skilled Nursing Facilities Hospitals Senior Housing Senior Housing — RIDEA Integrated Senior Health Campuses Three Months Ended June 30, 2016 Revenues: Real estate revenue $ 17,534,000 $ 1,155,000 $ 2,939,000 $ 4,590,000 $ — $ — $ 26,218,000 Resident fees and services — — — — 15,443,000 199,660,000 215,103,000 Total revenues 17,534,000 1,155,000 2,939,000 4,590,000 15,443,000 199,660,000 241,321,000 Expenses: Rental expenses 6,497,000 79,000 493,000 131,000 — — 7,200,000 Property operating expenses — — — — 10,469,000 178,017,000 188,486,000 Segment net operating income $ 11,037,000 $ 1,076,000 $ 2,446,000 $ 4,459,000 $ 4,974,000 $ 21,643,000 $ 45,635,000 Expenses: General and administrative $ 7,253,000 Acquisition related expenses 4,833,000 Depreciation and amortization 70,316,000 Loss from operations (36,767,000 ) Other income (expense): Interest expense (including amortization of deferred financing costs and debt discount/premium) Interest expense (9,788,000 ) Loss in fair value of derivative financial instruments (871,000 ) Foreign currency loss (3,567,000 ) Interest and other income 145,000 Loss from unconsolidated entities (1,945,000 ) Loss before income taxes (52,793,000 ) Income tax benefit 884,000 Net loss $ (51,909,000 ) Medical Office Buildings Skilled Nursing Facilities Hospitals Senior Housing Senior Housing — RIDEA Integrated Senior Health Campuses Three Months Ended June 30, 2015 Revenues: Real estate revenue $ 12,095,000 $ — $ 1,622,000 $ 1,348,000 $ — $ — $ 15,065,000 Resident fees and services — — — — 2,819,000 — 2,819,000 Total revenues 12,095,000 — 1,622,000 1,348,000 2,819,000 — 17,884,000 Expenses: Rental expenses 4,235,000 — 636,000 91,000 — — 4,962,000 Property operating expenses — — — — 1,701,000 — 1,701,000 Segment net operating income $ 7,860,000 $ — $ 986,000 $ 1,257,000 $ 1,118,000 $ — $ 11,221,000 Expenses: General and administrative $ 2,401,000 Acquisition related expenses 13,267,000 Depreciation and amortization 8,135,000 Loss from operations (12,582,000 ) Other income (expense): Interest expense (including amortization of deferred financing costs and debt discount/premium) (560,000 ) Interest and other income 299,000 Net loss $ (12,843,000 ) Medical Office Buildings Skilled Nursing Facilities Hospitals Senior Housing Senior Housing — RIDEA Integrated Senior Health Campuses Six Months Ended June 30, 2016 Revenues: Real estate revenue $ 34,616,000 $ 2,311,000 $ 10,144,000 $ 9,297,000 $ — $ — $ 56,368,000 Resident fees and services — — — — 30,741,000 402,717,000 433,458,000 Total revenues 34,616,000 2,311,000 10,144,000 9,297,000 30,741,000 402,717,000 489,826,000 Expenses: Rental expenses 12,585,000 154,000 930,000 260,000 — — 13,929,000 Property operating expenses — — — — 20,956,000 360,530,000 381,486,000 Segment net operating income $ 22,031,000 $ 2,157,000 $ 9,214,000 $ 9,037,000 $ 9,785,000 $ 42,187,000 $ 94,411,000 Expenses: General and administrative $ 14,147,000 Acquisition related expenses 8,248,000 Depreciation and amortization 141,212,000 Loss from operations (69,196,000 ) Other income (expense): Interest expense (including amortization of deferred financing costs and debt discount/premium) Interest expense (19,323,000 ) Loss in fair value of derivative financial instruments (1,043,000 ) Foreign currency loss (5,042,000 ) Interest and other income 369,000 Loss from unconsolidated entities (4,561,000 ) Loss before income taxes (98,796,000 ) Income tax expense (175,000 ) Net loss $ (98,971,000 ) Medical Office Buildings Skilled Nursing Facilities Hospitals Senior Housing Senior Housing — RIDEA Integrated Senior Health Campuses Six Months Ended June 30, 2015 Revenues: Real estate revenue $ 20,405,000 $ — $ 4,990,000 $ 2,433,000 $ — $ — $ 27,828,000 Resident fees and services — — — — 2,819,000 — 2,819,000 Total revenues 20,405,000 — 4,990,000 2,433,000 2,819,000 — 30,647,000 Expenses: Rental expenses 7,205,000 — 1,230,000 167,000 — — 8,602,000 Property operating expenses — — — — 1,701,000 — 1,701,000 Segment net operating income $ 13,200,000 $ — $ 3,760,000 $ 2,266,000 $ 1,118,000 $ — $ 20,344,000 Expenses: General and administrative $ 5,168,000 Acquisition related expenses 22,675,000 Depreciation and amortization 12,808,000 Loss from operations (20,307,000 ) Other income (expense): Interest expense (including amortization of deferred financing costs and debt discount/premium) (957,000 ) Interest and other income 323,000 Net loss $ (20,941,000 )
Assets by Reportable Segment	Assets by reportable segment as of June 30, 2016 and December 31, 2015 were as follows: June 30, 2016 December 31, 2015 Integrated senior health campuses $ 1,325,983,000 $ 1,258,308,000 Medical office buildings 676,563,000 577,399,000 Senior housing — RIDEA 292,751,000 290,184,000 Senior housing 218,679,000 225,574,000 Hospitals 125,066,000 127,372,000 Skilled nursing facilities 39,475,000 39,945,000 Other 83,227,000 6,237,000 Total assets $ 2,761,744,000 $ 2,525,019,000
Revenue and Real Estate Investments by Geographical Areas	The following is a summary of geographic information for our operations for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Revenues: United States $ 240,205,000 $ 17,884,000 $ 487,463,000 $ 30,647,000 International 1,116,000 — 2,363,000 — Total revenues $ 241,321,000 $ 17,884,000 $ 489,826,000 $ 30,647,000 June 30, 2016 December 31, 2015 Real estate investments, net: United States $ 1,867,981,000 $ 1,638,074,000 International 35,989,000 40,324,000 Total real estate investments, net $ 1,903,970,000 $ 1,678,398,000

Subsequent Events (Tables)

Subsequent Events (Tables)	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Line Items]
Summary of Acquisitions	The following is a summary of our property acquisitions for the six months ended June 30, 2016 : Acquisition(1) Location Type Date Acquired Contract Purchase Price Mortgage Loans Payable(2) 2016 Corporate Line of Credit(3) Acquisition Fee(4) Naperville MOB Naperville, IL Medical Office 01/12/16 $ 17,385,000 $ — $ 18,000,000 $ 391,000 Lakeview IN Medical Plaza(5) Indianapolis, IN Medical Office 01/21/16 20,000,000 15,000,000 3,500,000 387,000 Pennsylvania Senior Housing Portfolio II Palmyra, PA Senior Housing — RIDEA 02/01/16 27,500,000 — 27,200,000 619,000 Snellville GA MOB Snellville, GA Medical Office 02/05/16 8,300,000 — 8,300,000 187,000 Lakebrook Medical Center Westbrook, CT Medical Office 02/19/16 6,150,000 — — 138,000 Stockbridge GA MOB III Stockbridge, GA Medical Office 03/29/16 10,300,000 — 9,750,000 232,000 Joplin MO MOB Joplin, MO Medical Office 05/10/16 11,600,000 — 12,000,000 261,000 Austell GA MOB Austell, GA Medical Office 05/25/16 12,600,000 — 12,000,000 284,000 Middletown OH MOB Middletown, OH Medical Office 06/16/16 19,300,000 — 17,000,000 434,000 Trilogy(6) IN and KY Integrated Senior Health Campuses 06/24/16 135,089,000 93,150,000 30,310,000 2,058,000 Total $ 268,224,000 $ 108,150,000 $ 138,060,000 $ 4,991,000 ___________ (1) We own 100% of our properties acquired in 2016 with the exception of Lakeview IN Medical Plaza and Trilogy Investors, LLC, or Trilogy. (2) Represents the principal balance of the mortgage loans payable placed on the property at the time of acquisition. (3) Represents borrowings under the 2016 Corporate Line of Credit, as defined in Note 8, Lines of Credit and Term Loan , at the time of acquisition. (4) Our advisor was paid in cash, as compensation for services rendered in connection with the investigation, selection and acquisition of our properties, an acquisition fee of 2.25% of the contract purchase price of the property, except for Lakeview IN Medical Plaza and Trilogy, with respect to which we paid our advisor an acquisition fee of 2.25% of the portion of the contract purchase price attributed to our ownership interest of approximately 86.0% and 67.7% , respectively, in the entity that acquired the property. (5) On January 21, 2016, we completed the acquisition of Lakeview IN Medical Plaza, pursuant to a joint venture with an affiliate of Cornerstone Companies, Inc., an unaffiliated third party. Our effective ownership of the joint venture is 86.0% . (6) On June 24, 2016 and June 30, 2016, we acquired the real estate underlying seven previously leased integrated senior health campuses through a majority-owned subsidiary of Trilogy. The following is a summary of our acquisitions subsequent to June 30, 2016 : Acquisition(1) Location Type Date Contract Purchase Price Mortgage Loans Payable(2) 2016 Corporate Line of Credit(3) Acquisition Fee(4) Fox Grape SNF Portfolio Braintree, Brighton, Duxbury, Hingham and Weymouth, MA Skilled Nursing 07/01/16 $ 65,500,000 $ — $ 65,000,000 $ 1,474,000 Voorhees NJ MOB Voorhees, NJ Medical Office 07/08/16 11,300,000 — 11,000,000 254,000 Trilogy(5) Harrodsburg, KY Integrated Senior Health Campuses 07/15/16 2,400,000 2,040,000 — 37,000 $ 79,200,000 $ 2,040,000 $ 76,000,000 $ 1,765,000 ___________ (1) We own 100% of the properties acquired subsequent to June 30, 2016 with the exception of Trilogy. (2) Represents the principal balance of the mortgage loans payable placed on the property at the time of acquisition. (3) Represents borrowings under the 2016 Corporate Line of Credit at the time of acquisition. (4) Our advisor was paid in cash, as compensation for services rendered in connection with the investigation, selection and acquisition of our properties, an acquisition fee of 2.25% of the contract purchase price of the property, except for Trilogy, with respect to which we paid our advisor an acquisition fee of 2.25% of the portion of the contract purchase price attributed to our 67.7% ownership interest in the entity that acquired the property. (5) On July 15, 2016, we acquired a development parcel with improvements for a contract price of $2,400,000 through a majority-owned subsidiary of Trilogy.

Organization and Description 44

Organization and Description of Business (Detail) $ / shares in Units, ft² in Thousands

Jun. 30, 2016ft²segment

Feb. 26, 2014USD ($)$ / shares

Aug. 15, 2016USD ($)Building

Jun. 30, 2016USD ($)ft²

Jun. 30, 2015USD ($)

Feb. 26, 2017

Jun. 30, 2016USD ($)ft²shares

Apr. 21, 2015USD ($)shares

Dec. 31, 2015USD ($)shares

Jun. 30, 2016USD ($)ft²shares

Jun. 30, 2016USD ($)ft²AcquisitionPropertyCampusBuilding

Jun. 30, 2016ft²

Mar. 25, 2015USD ($)

Mar. 01, 2015

Jan. 15, 2013

Date of inception

Jan. 11, 2013

Date of capitalization

Jan. 15, 2013

Maximum dollar amount of common stock issuable under public offering

$ 1,900,000,000

Issuance of common stock under the DRIP

$ 32,493,000

$ 26,646,000

$ 62,069,000

$ 94,562,000

Issuance of common stock under the DRIP, shares | shares

6,533,267

9,952,908

Advisory agreement term

1 year

Number of reportable segments | segment

6

Number of acquisition completed from unaffiliated parties | Acquisition

43

Number of properties acquired from unaffiliated parties | Property

82

Number of buildings acquired from unaffiliated parties | Building

85

Number of integrated senior health campuses acquired from unaffiliated parties | Campus

101

GLA (Sq Ft) | ft²

11,417

11,417

11,417

11,417

11,417

11,417

Contract purchase price

$ 2,523,360,000

Acquisition of real estate notes receivable

$ 144,176,000

American Healthcare Investors [Member]

Ownership percentage in affiliate

47.10%

NorthStar Asset Management Group Inc. [Member]

Ownership percentage in affiliate

45.10%

James F. Flaherty III [Member]

Ownership percentage in affiliate

7.80%

American Healthcare Investors [Member]

Ownership percentage in affiliate

75.00%

Griffin Capital Corporation [Member]

Ownership percentage in affiliate

25.00%

Common Stock [Member]

Maximum dollar amount of common stock issuable under public offering

$ 1,750,000,000

Share price | $ / shares

$ 10

Amount of common stock reallocated from DRIP to primary offering

$ 115,000,000

Aggregate maximum offering amount - reallocation

1,865,000,000

Subscriptions in offering of common stock received and accepted shares | shares

184,930,598

Subscriptions in offering of common stock received and accepted value

1,842,618,000

DRIP [Member]

Maximum dollar amount of common stock issuable under public offering

$ 150,000,000

Share price | $ / shares

$ 9.50

Aggregate maximum offering amount - reallocation

$ 35,000,000

Subscriptions in offering of common stock received and accepted shares | shares

1,948,563

Subscriptions in offering of common stock received and accepted value

$ 18,511,000

DRIP S-3 Public Offering [Member]

Maximum dollar amount of common stock issuable under public offering

$ 250,000,000

Issuance of common stock under the DRIP

$ 76,051,000

Issuance of common stock under the DRIP, shares | shares

8,004,345

Subsequent Event [Member]

Advisory agreement renewal term

1 year

Number of buildings acquired from unaffiliated parties | Building

6

Contract purchase price

$ 79,200,000

Summary of Significant Accoun45

Summary of Significant Accounting Policies (Detail) - USD ($)	6 Months Ended		36 Months Ended	42 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Jun. 30, 2016
Percentage of ownership in operating partnership			99.99%	99.99%
Percentage of limited partnership interest			0.01%	0.01%
Deferred financing costs, net related to mortgage			$ 1,200,000
Allowance for uncollectible accounts	$ 10,720,000		11,204,000	$ 10,720,000
Allowance for uncollectible accounts, write-offs	1,015,000	$ 2,593,000
Direct write offs of deferred rent receivable	4,000	28,000
Insurance payable	20,575,000		21,689,000	20,575,000
Payroll related costs	15,502,000		19,391,000	15,502,000
Accrued property taxes	13,020,000		11,447,000	13,020,000
Accrued distributions	$ 9,582,000	$ 9,274,000	$ 9,745,000	$ 9,582,000

Real Estate Investments, Net -

Real Estate Investments, Net - Investments in Consolidated Properties (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Real Estate Properties [Line Items]
Real estate investment, at cost	$ 1,962,230	$ 1,704,998
Less: accumulated depreciation	(58,260)	(26,600)
Real estate investments, net	1,903,970	1,678,398
Building, Improvements and Construction In Process [Member]
Real Estate Properties [Line Items]
Real estate investment, at cost	1,749,366	1,518,611
Land [Member]
Real Estate Properties [Line Items]
Real estate investment, at cost	138,525	123,906
Furniture and Fixtures [Member]
Real Estate Properties [Line Items]
Real estate investment, at cost	$ 74,339	$ 62,481

Real Estate Investments, Net 47

Real Estate Investments, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Real Estate Properties [Line Items]
Depreciation	$ 16,208	$ 4,934	$ 31,669	$ 8,321
Maximum percentage of fees and expenses associated with the acquisition	6.00%	6.00%	6.00%	6.00%
Integrated Senior Health Campuses [Member]
Real Estate Properties [Line Items]
Capital expenditures incurred	$ 9,262		$ 22,270
Medical Office Building [Member]
Real Estate Properties [Line Items]
Capital expenditures incurred	1,168		1,777
Hospitals [Member]
Real Estate Properties [Line Items]
Capital expenditures incurred	0		5
Senior Housing-RIDEA [Member]
Real Estate Properties [Line Items]
Capital expenditures incurred	381		401
Senior Housing [Member]
Real Estate Properties [Line Items]
Capital expenditures incurred	0		0
Skilled Nursing Facilities [Member]
Real Estate Properties [Line Items]
Capital expenditures incurred	$ 0		$ 0

Real Estate Investments, Net 48

Real Estate Investments, Net - Summary of Acquisitions (Detail) - USD ($)	6 Months Ended	42 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Real Estate Properties [Line Items]
Real estate investments, net	$ 1,903,970,000	$ 1,903,970,000	$ 1,678,398,000
Contract purchase price		$ 2,523,360,000
Mortgage loans payable related to acquisition of properties	108,150,000
Lines of credit related to acquisition of properties	$ 138,060,000
Naperville MOB [Member]
Real Estate Properties [Line Items]
Type of property acquired	Medical Office
Date acquired	Jan. 12, 2016
Contract purchase price	$ 17,385,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	18,000,000
Acquisition fee	$ 391,000
Lakeview IN Medical Plaza [Member]
Real Estate Properties [Line Items]
Type of property acquired	Medical Office
Date acquired	Jan. 21, 2016
Contract purchase price	$ 20,000,000
Mortgage loans payable related to acquisition of properties	15,000,000
Lines of credit related to acquisition of properties	3,500,000
Acquisition fee	$ 387,000
Pennsylvania Senior Housing Portfolio II [Member]
Real Estate Properties [Line Items]
Type of property acquired	Senior Housing — RIDEA
Date acquired	Feb. 1, 2016
Contract purchase price	$ 27,500,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	27,200,000
Acquisition fee	$ 619,000
Snellville GA MOB [Member]
Real Estate Properties [Line Items]
Type of property acquired	Medical Office
Date acquired	Feb. 5, 2016
Contract purchase price	$ 8,300,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	8,300,000
Acquisition fee	$ 187,000
Lakebrook Medical Center [Member]
Real Estate Properties [Line Items]
Type of property acquired	Medical Office
Date acquired	Feb. 19, 2016
Contract purchase price	$ 6,150,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	0
Acquisition fee	$ 138,000
Stockbridge GA MOB III [Member]
Real Estate Properties [Line Items]
Type of property acquired	Medical Office
Date acquired	Mar. 29, 2016
Contract purchase price	$ 10,300,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	9,750,000
Acquisition fee	$ 232,000
Joplin MO MOB [Member]
Real Estate Properties [Line Items]
Type of property acquired	Medical Office
Date acquired	May 10, 2016
Contract purchase price	$ 11,600,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	12,000,000
Acquisition fee	$ 261,000
Austell GA MOB [Member]
Real Estate Properties [Line Items]
Type of property acquired	Medical Office
Date acquired	May 25, 2016
Contract purchase price	$ 12,600,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	12,000,000
Acquisition fee	$ 284,000
Middletown OH MOB [Member]
Real Estate Properties [Line Items]
Type of property acquired	Medical Office
Date acquired	Jun. 16, 2016
Contract purchase price	$ 19,300,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	17,000,000
Acquisition fee	$ 434,000
Trilogy [Member]
Real Estate Properties [Line Items]
Type of property acquired	Integrated Senior Health Campuses
Date acquired	Jun. 24, 2016
Date two of acquisition of property	Jun. 30, 2016
Contract purchase price	$ 135,089,000
Mortgage loans payable related to acquisition of properties	93,150,000
Lines of credit related to acquisition of properties	30,310,000
Acquisition fee	2,058,000
Two Thousand Sixteen Acquisitions [Member]
Real Estate Properties [Line Items]
Contract purchase price	268,224,000
Acquisition fee	$ 4,991,000

Real Estate Investments, Net 49

Real Estate Investments, Net - Summary of Acquisitions (Details)	Jun. 30, 2016	Jun. 30, 2016USD ($)AcquisitionCampusBuilding	Jun. 30, 2016	Jun. 30, 2016USD ($)AcquisitionCampusBuilding	Jan. 21, 2016	Dec. 01, 2015
Real Estate Properties [Line Items]
Number of acquisition completed from unaffiliated parties | Acquisition				43
Number of buildings acquired from unaffiliated parties | Building				85
Number of integrated senior health campuses acquired from unaffiliated parties | Campus				101
Contract purchase price				$ 2,523,360,000
Percentage of contract purchase price paid acquisition fee, in cash			2.25%
Joint venture ownership interest	70.00%	70.00%	70.00%	70.00%		70.00%
Lakeview IN Medical Plaza [Member]
Real Estate Properties [Line Items]
Contract purchase price		$ 20,000,000
Acquisition fee		$ 387,000
Joint venture ownership interest	86.00%	86.00%	86.00%	86.00%	86.00%
Trilogy Investors, LLC [Member]
Real Estate Properties [Line Items]
Ownership Percentage, Properties	67.67%
Two Thousand Sixteen Acquisitions [Member]
Real Estate Properties [Line Items]
Number of acquisition completed from unaffiliated parties | Acquisition		9
Number of buildings acquired from unaffiliated parties | Building		11
Number of integrated senior health campuses acquired from unaffiliated parties | Campus		7
Contract purchase price		$ 268,224,000
Acquisition fee		$ 4,991,000
Integrated Senior Health Campuses [Member]
Real Estate Properties [Line Items]
Number of completed development		1
Total completed development cost		$ 13,957,000

Real Estate Notes Receivable -

Real Estate Notes Receivable - Additional Information (Details) £ in Thousands	Sep. 16, 2015Property	Feb. 04, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016GBP (£)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Oct. 15, 2015USD ($)	Dec. 31, 2014USD ($)
Real Estate Notes Receivable and Investment, Net
Real Estate Notes Receivable And Investment, Net				$ 61,307,000		$ 61,307,000		$ 144,927,000	$ 144,477,000		$ 0
Percentage of acquisition fee of contract purchase price for real estate investments acquired paid in cash					2.00%
Amortization of loan costs			$ 271,000	$ 113,000	$ 376,000	$ 183,000
Maximum percentage of fees and expenses associated with the acquisition			6.00%	6.00%	6.00%	6.00%
Mezzanine Floating Rate Notes [Member]
Real Estate Notes Receivable and Investment, Net
Real estate notes receivable acquired		$ 31,567,000
Number of floating rate notes		4
Number of extensions		3
Mortgage loans on real estate, maximum borrowing amount								31,567,000
Period for each extension of Floating Rate Notes		1 year
Mezzanine Fixed Rate Notes [Member]
Real Estate Notes Receivable and Investment, Net
Real estate notes receivable acquired		$ 28,650,000
Number of fixed rate notes		4
Mortgage loans on real estate, maximum borrowing amount								28,650,000
Crown Senior Care Facility [Member]
Real Estate Notes Receivable and Investment, Net
Mortgage loans on real Estate, commercial and consumer, net								969,000
Mortgage loans on real estate, carrying amount of mortgages							£ 15,276	20,455,000
Debt Instrument, Number Of Properties Used For Collateral | Property	2
Mortgage loans on real estate, maximum borrowing amount							£ 16,000	$ 21,424,000
Investments, Net [Member]
Real Estate Notes Receivable and Investment, Net
Held-to-maturity Securities										$ 60,429,000
Beneficial ownership interest in Mortgage Trust										10.00%
Number of mortgage loans that are secured										59
Number of U.S. domestic senior housing facilities pledged as collateral										59
Debt Instrument, Interest Rate, Stated Percentage										4.24%
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value										$ 93,433,000
Yield to Maturity Interest Rate										10.00%
Mezzanine Notes [Member]
Real Estate Notes Receivable and Investment, Net
Number of promissory notes acquired		8
Real estate notes receivable acquired		$ 60,217,000
Number of promissory notes in the aggregate outstanding principal amount		40
Aggregate outstanding principal amount of Mezzanine promissory notes pool		$ 389,852,000

Real Estate Notes Receivable (D

Real Estate Notes Receivable (Details) £ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016GBP (£)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Real Estate Notes Receivable and Investment, Net
Real Estate Notes Receivable And Investment						$ 142,421,000	$ 141,618,000
Acquisition expense			$ 2,884,000
Add: unamortized loan costs, net						2,506,000	2,859,000
Real Estate Loans Receivable [Roll Forward]
Beginning balance			144,477,000	$ 0
Acquisition of real estate notes receivable			1,942,000	60,217,000
Accretion on debt security			1,094,000	0
Loan costs			39,000	1,273,000
Foreign currency translation adjustments			(2,249,000)	0
Amortization of loan and closing costs	$ (271,000)	$ (113,000)	(376,000)	(183,000)
Ending balance	$ 144,927,000	$ 61,307,000	$ 144,927,000	$ 61,307,000
Mezzanine Floating Rate Notes [Member]
Real Estate Notes Receivable and Investment, Net
Mortgage Loans on Real Estate, Origination Date			Feb. 4, 2015
Mortgage loans on real estate, final maturity date			Dec. 9, 2016
Mortgage Loans on Real Estate, Interest Rate			6.44%
Mortgage loans on real estate, maximum borrowing amount						31,567,000
Real Estate Notes Receivable And Investment						31,277,000	31,277,000
Acquisition expense			$ 631,000
Mezzanine Fixed Rate Notes [Member]
Real Estate Notes Receivable and Investment, Net
Mortgage Loans on Real Estate, Origination Date			Feb. 4, 2015
Mortgage loans on real estate, final maturity date			Dec. 9, 2019
Mortgage Loans on Real Estate, Interest Rate			6.75%
Mortgage loans on real estate, maximum borrowing amount						28,650,000
Real Estate Notes Receivable And Investment						28,650,000	28,650,000
Acquisition expense			$ 573,000
Crown Senior Care Facility [Member]
Real Estate Notes Receivable and Investment, Net
Mortgage loans on real Estate, commercial and consumer, net						969,000
Mortgage Loans on Real Estate, Origination Date			Sep. 16, 2015
Mortgage Loans on Real Estate, Interest Rate			6.50%
Mortgage loans on real estate, maximum borrowing amount					£ 16,000	21,424,000
Mortgage loans on real estate, carrying amount of mortgages					£ 15,276	20,455,000
Real Estate Notes Receivable And Investment							20,746,000
Acquisition expense			$ 471,000
Investments, Net [Member]
Real Estate Notes Receivable and Investment, Net
Mortgage Loans on Real Estate, Origination Date			Oct. 15, 2015
Mortgage loans on real estate, final maturity date			Aug. 25, 2025
Mortgage Loans on Real Estate, Interest Rate			4.24%
Real Estate Notes Receivable And Investment						$ 62,039,000	$ 60,945,000
Acquisition expense			$ 1,209,000

Identified Intangible Assets,52

Identified Intangible Assets, Net - Summary of Identified Intangibles, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	$ 145,789
Intangible Assets, Net (Excluding Goodwill)	309,294	$ 387,137
In-Place Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	133,133	221,846
Leasehold Interests [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	7,699	7,768
Above Market Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	4,957	4,401
Purchase Option Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	71,000	71,000
Certificates Of Need [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	62,238	51,855
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 30,267	$ 30,267

Identified Intangible Assets,53

Identified Intangible Assets, Net - Summary of Identified Intangibles, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining life			6 years 2 months 12 days		4 years 3 months 18 days
Amortization expense	$ 54,267	$ 3,532	$ 109,883	$ 5,101
In-Place Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Net of accumulated amortization	120,826		$ 120,826		$ 35,531
Weighted average remaining life			3 years 4 months 24 days		2 years 6 months
Leasehold Interests [Member]
Finite-Lived Intangible Assets [Line Items]
Net of accumulated amortization	195		$ 195		$ 126
Weighted average remaining life			56 years 1 month 6 days		56 years 7 months 6 days
Above Market Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Net of accumulated amortization	2,096		$ 2,096		$ 1,360
Weighted average remaining life			5 years 3 months 18 days		5 years
Leasehold Interests [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense	35	34	$ 70	57
Above Market Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 395	$ 298	$ 768	$ 558

Identified Intangible Assets,54

Identified Intangible Assets, Net - Summary of Amortization Expense on Identified Intangible Assets, Net (Detail)	Jun. 30, 2016USD ($)
Finite-Lived Intangible Assets [Line Items]
2,016	$ 88,319,000
2,017	13,728,000
2,018	6,871,000
2,019	5,699,000
2,020	4,558,000
Thereafter	26,614,000
Finite-Lived Intangible Assets, Net	$ 145,789,000

Other Assets, Net - Other Asset

Other Assets, Net - Other Assets, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Other Assets [Abstract]
Investments in unconsolidated entities	$ 26,527	$ 27,210
Inventory	15,297	16,313
Deferred financing costs, net of accumulated amortization of $1,709,000 and $550,000 as of June 30, 2016 and December 31, 2015, respectively(1)	11,377	6,344
Prepaid expenses, deposits and other assets	10,780	7,098
Deferred rent receivables	4,968	3,028
Lease commissions, net of accumulated amortization of $65,000 and $17,000 as of June 30, 2016 and December 31, 2015, respectively	3,162	309
Other Assets	72,111	60,302
Accumulated Amortization, Deferred Finance Costs	1,709	550
Accumulated Amortization, Lease Commissions	$ 65	$ 17

Other Assets, Net - Additional

Other Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other Assets [Abstract]
Amortization expense on lease commissions	$ 33	$ 1	$ 48	$ 1
Amortization expense on deferred financing costs	$ 931	$ 65	$ 1,647	$ 129

Mortgage Loans Payable, Net - A

Mortgage Loans Payable, Net - Additional Information (Detail) $ in Thousands	Jun. 30, 2016USD ($)MortgageLoan		Dec. 31, 2015USD ($)MortgageLoan		Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Mortgage Loans on Real Estate [Line Items]
Mortgage loans payable, gross | $	$ 420,512		$ 312,240
Mortgage loans payable, net | $	$ 402,367	[1]	$ 295,270	[1]	$ 53,282	$ 16,742
Number of fixed rate mortgage loans payable | MortgageLoan	30		30
Number Of Variable Rate Mortgage Loans Payable | MortgageLoan	3		1
Debt instrument, interest rate, effective percentage rate range, minimum	2.45%		2.45%
Debt instrument, interest rate, effective percentage rate range, maximum	6.45%		6.43%
Mortgage Loans Payable, Net [Member]
Mortgage Loans on Real Estate [Line Items]
Debt, weighted average interest rate	4.41%		3.98%
[1]	Such liabilities of Griffin-American Healthcare REIT III, Inc. as of June 30, 2016 and December 31, 2015 represented liabilities of Griffin-American Healthcare REIT III Holdings, LP, a variable interest entity and consolidated subsidiary of Griffin-American Healthcare REIT III, Inc. The creditors of Griffin-American Healthcare REIT III Holdings, LP do not have recourse against Griffin-American Healthcare REIT III, Inc., except for the 2016 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $318,000,000 as of June 30, 2016 and the 2014 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $77,000,000 as of December 31, 2015, which are both guaranteed by Griffin-American Healthcare REIT III, Inc.

Mortgage Loans Payable, Net - M

Mortgage Loans Payable, Net - Mortgage Loans Payable (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2016		Jun. 30, 2015	Jun. 30, 2016		Dec. 31, 2015
Debt Instrument:
Total debt				$ 420,512,000		$ 312,240,000
Deferred finance costs, net				11,377,000		6,344,000
Add: premium				2,018,000		1,916,000
Less: discount				(17,173,000)		(17,686,000)
Mortgage loans payable, net	$ 295,270,000	[1]	$ 16,742,000	402,367,000	[1]	295,270,000	[1]
Change in Carrying Amount of Mortgage Loans Payable [Roll Forward]
Beginning balance	295,270,000	[1]	16,742,000
Borrowings/assumptions on mortgage loans payable, net	111,473,000		37,481,000
Amortization of deferred financing costs related to mortgage	185,000		50,000
Debt Instrument, Periodic Payment, Principal	2,771,000		313,000
Amortization of discount/premium on mortgage loans payable	184,000		(113,000)
Deferred financing costs	(1,974,000)		(565,000)
Ending balance	$ 402,367,000	[1]	$ 53,282,000
Fixed Rate Debt [Member]
Debt Instrument:
Total debt				300,121,000		302,892,000
Variable Rate Debt [Member]
Debt Instrument:
Total debt				120,391,000		9,348,000
Mortgage Loans Payable, Net [Member]
Debt Instrument:
Deferred finance costs, net				$ 2,990,000		$ 1,200,000
[1]	Such liabilities of Griffin-American Healthcare REIT III, Inc. as of June 30, 2016 and December 31, 2015 represented liabilities of Griffin-American Healthcare REIT III Holdings, LP, a variable interest entity and consolidated subsidiary of Griffin-American Healthcare REIT III, Inc. The creditors of Griffin-American Healthcare REIT III Holdings, LP do not have recourse against Griffin-American Healthcare REIT III, Inc., except for the 2016 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $318,000,000 as of June 30, 2016 and the 2014 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $77,000,000 as of December 31, 2015, which are both guaranteed by Griffin-American Healthcare REIT III, Inc.

Mortgage Loans Payable - Princi

Mortgage Loans Payable - Principal Payments Due on Mortgage Loans Payable (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]
2,016	$ 2,858
2,017	13,343
2,018	99,405
2,019	20,861
2,020	29,472
Thereafter	254,573
Total	$ 420,512	$ 312,240

Line of Credit (Detail)

Line of Credit (Detail)		Mar. 21, 2016USD ($)Extension	Feb. 03, 2016USD ($)Extension	Dec. 01, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Apr. 01, 2016USD ($)	Dec. 31, 2015USD ($)	Nov. 30, 2015USD ($)	Aug. 18, 2014USD ($)
Line of Credit Facility [Line Items]
Borrowings under the lines of credit and term loan					$ 335,503,000	$ 0
Lines of credit and term loan	[1]				$ 591,392,000			$ 350,000,000
Two Thousand Sixteen Corporate Term Loan Facility [Member] | Term Loan [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.25%
Line of credit facility, maximum borrowing capacity			$ 200,000,000
2014 Corporate Line Of Credit [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt, weighted average interest rate								2.25%
Line of credit facility, maximum borrowing capacity									$ 200,000,000	$ 60,000,000
Line of Credit Facility, Current Borrowing Capacity								$ 200,000,000
Lines of credit and term loan								77,000,000
Line of Credit Facility, Remaining Borrowing Capacity								$ 123,000,000
Two Thousand Sixteen Corporate Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 300,000,000
Commitment fee percentage condition one			0.30%
Line Of Credit Facility Average Daily Used Amount Percentage Condition One			50.00%
Commitment fee percentage condition two			0.20%
Line Of Credit Facility Average Daily Used Amount Percentage Condition Two			50.00%
Two Thousand Sixteen Corporate Line Of Credit [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility, Potential Increase Amount To Borrowing Capacity			$ 500,000,000
Line Of Credit Facility, Potential Maximum Borrowing Capacity			$ 1,000,000,000
Line Of Credit Facility, Number Of Potential Extensions | Extension			1
Line Of Credit Facility, Potential Extension Term			12 months
Two Thousand Sixteen Corporate Line Of Credit [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt, weighted average interest rate					2.95%
Line of Credit Facility, Current Borrowing Capacity					$ 500,000,000
Lines of credit and term loan					318,000,000
Line of Credit Facility, Remaining Borrowing Capacity					$ 182,000,000
Two Thousand Sixteen Corporate Line Of Credit [Member] | Standby Letters of Credit [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 25,000,000
Two Thousand Sixteen Corporate Line Of Credit [Member] | Bridge Loan [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 25,000,000
Two Thousand Sixteen Corporate Line Of Credit [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Base Rate, Percent			0.00%
Two Thousand Sixteen Corporate Line Of Credit [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Federal Funds Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
Two Thousand Sixteen Corporate Line Of Credit [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | One-Month Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
Two Thousand Sixteen Corporate Line Of Credit [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Base Rate, Percent			0.00%
Two Thousand Sixteen Corporate Line Of Credit [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Federal Funds Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
Two Thousand Sixteen Corporate Line Of Credit [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | One-Month Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
Trilogy Propco Line Of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt, weighted average interest rate					4.71%			4.50%
Line Of Credit Facility, Potential Increase Amount To Borrowing Capacity				$ 100,000,000
Line Of Credit Facility, Potential Maximum Borrowing Capacity				$ 400,000,000
Debt Instrument, Term				4 years
Line of credit extension term				1 year
Line of credit facility, maximum borrowing capacity				$ 300,000,000	$ 300,000,000
Lines of credit and term loan					250,000,000			$ 273,000,000
Line of Credit Facility, Remaining Borrowing Capacity					$ 50,000,000			$ 27,000,000
Trilogy Propco Line Of Credit [Member] | Revolving Credit Facility [Member] | Base Rate [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate				3.25%
Trilogy Propco Line Of Credit [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate				4.25%
Trilogy OpCo Line Of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt, weighted average interest rate					4.80%
Line of credit facility, maximum borrowing capacity					$ 60,000,000
Lines of credit and term loan					23,392,000
Line of Credit Facility, Remaining Borrowing Capacity					$ 36,608,000
Trilogy OpCo Line Of Credit [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility, Potential Increase Amount To Borrowing Capacity		$ 18,000,000
Line Of Credit Facility, Potential Maximum Borrowing Capacity		$ 60,000,000
Debt Instrument, Term		5 years
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.50%
Line Of Credit Facility, Prepayment Fee, Percent		1.00%
Line of credit facility, maximum borrowing capacity		$ 42,000,000
Line Of Credit Facility, Number Of Potential Extensions | Extension		1
Increased line of credit facility maximum borrowing capacity							$ 60,000,000
Trilogy OpCo Line Of Credit [Member] | Revolving Credit Facility [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.00%
Trilogy OpCo Line Of Credit [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.00%
Two Thousand Sixteen Corporate Revolving Notes [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Minimum [Member] | Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.55%
Two Thousand Sixteen Corporate Revolving Notes [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Minimum [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.55%
Two Thousand Sixteen Corporate Revolving Notes [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Maximum [Member] | Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.20%
Two Thousand Sixteen Corporate Revolving Notes [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Maximum [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.20%
Two Thousand Sixteen Corporate Revolving Notes [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Minimum [Member] | Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.925%
Two Thousand Sixteen Corporate Revolving Notes [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Minimum [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.00%
Two Thousand Sixteen Corporate Revolving Notes [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Maximum [Member] | Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.70%
Two Thousand Sixteen Corporate Revolving Notes [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Maximum [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.70%
Term Notes [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Minimum [Member] | Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.50%
Term Notes [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Minimum [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.50%
Term Notes [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Maximum [Member] | Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.10%
Term Notes [Member] | Prior To Obtaining Two Investment Grad Ratings [Member] | Maximum [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.10%
Term Notes [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Minimum [Member] | Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.00%
Term Notes [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Minimum [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.00%
Term Notes [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Maximum [Member] | Eurodollar [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.95%
Term Notes [Member] | After Obtaining Two Investment Grade Ratings And Submitting Written Election [Member] | Maximum [Member] | Base Rate [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.95%
Trilogy Borrowers [Member] | Trilogy Propco Line Of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage				0.25%
Borrowings under the lines of credit and term loan				$ 270,000,000
[1]	Such liabilities of Griffin-American Healthcare REIT III, Inc. as of June 30, 2016 and December 31, 2015 represented liabilities of Griffin-American Healthcare REIT III Holdings, LP, a variable interest entity and consolidated subsidiary of Griffin-American Healthcare REIT III, Inc. The creditors of Griffin-American Healthcare REIT III Holdings, LP do not have recourse against Griffin-American Healthcare REIT III, Inc., except for the 2016 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $318,000,000 as of June 30, 2016 and the 2014 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $77,000,000 as of December 31, 2015, which are both guaranteed by Griffin-American Healthcare REIT III, Inc.

Derivative Financial Instrume61

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Loss in fair value of derivative financial instruments	$ 871	$ 0	$ 1,043	$ 0

Derivative Financial Instrume62

Derivative Financial Instruments (Detail) - Not Designated as Hedging Instrument [Member]	6 Months Ended
	Jun. 30, 2016USD ($)
Derivative [Line Items]
Derivative, Notional Amount	$ 217,075,000
Derivative Assets (Liabilities), at Fair Value, Net	(1,028,000)
Cap [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 17,075,000
Debt Instrument, Description of Variable Rate Basis	one month LIBOR
Derivative, Cap Interest Rate	2.25%
Derivative Assets (Liabilities), at Fair Value, Net	$ 0
Derivative, Type of Instrument	Cap
Derivative, Maturity Date	Feb. 1, 2018
Swap [Member] | Swap, .82% Interest Rate [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 140,000,000
Debt Instrument, Description of Variable Rate Basis	one month LIBOR
Derivative, Basis Spread on Variable Rate	0.82%
Derivative Assets (Liabilities), at Fair Value, Net	$ (759,000)
Derivative, Type of Instrument	Swap
Derivative, Maturity Date	Feb. 3, 2019
Swap [Member] | Swap, .78% Interest Rate [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 60,000,000
Debt Instrument, Description of Variable Rate Basis	one month LIBOR
Derivative, Basis Spread on Variable Rate	0.7825%
Derivative Assets (Liabilities), at Fair Value, Net	$ (269,000)
Derivative, Type of Instrument	Swap
Derivative, Maturity Date	Feb. 3, 2019

Identified Intangible Liabili63

Identified Intangible Liabilities, Net - Summary of Identified Intangibles, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite Lived Intangible Liabilities [Line Items]
Identified intangible liabilities, net	$ 2,171		$ 2,171		$ 1,026
Below Market Lease [Member]
Finite Lived Intangible Liabilities [Line Items]
Identified intangible liabilities, net	2,171		2,171		1,026
Net of accumulated amortization	627		627		$ 350
Amortization expense	$ 164	$ 109	$ 277	$ 188
Weighted average remaining life			4 years 9 months 18 days		5 years 4 months 24 days

Identified Intangible Liabili64

Identified Intangible Liabilities, Net - Summary of Amortization Expense on Below Market Leases (Detail)	Jun. 30, 2016USD ($)
Intangible Liabilities [Abstract]
2,016	$ 374,000
2,017	568,000
2,018	410,000
2,019	336,000
2,020	216,000
Thereafter	267,000
Finite Lived Intangible Liabilities Net	$ 2,171,000

Redeemable Noncontrolling Int65

Redeemable Noncontrolling Interest (Details) - USD ($)	Jan. 15, 2013	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Jun. 30, 2016	Dec. 01, 2015
Redeemable Noncontrolling Interest [Line Items]
Contribution from noncontrolling interests	$ 2,000	$ 19,753,000	$ 0
Number of limited partnership units issued to non controlling	222
Percentage of ownership in operating partnership				99.99%	99.99%
Percentage of limited partnership interest				0.01%	0.01%
Joint venture ownership interest		70.00%			70.00%	70.00%
Changes in the carrying amount of redeemable noncontrolling interest [Roll Forward]
Beginning balance		$ 22,987,000	2,000
Addition		2,295,000	0
Net loss attributable to redeemable noncontrolling interests		0	0
Ending balance		$ 25,282,000	$ 2,000	$ 22,987,000	$ 25,282,000
Trilogy Investors, LLC [Member]
Redeemable Noncontrolling Interest [Line Items]
Ownership percentage equity interest		96.67%			96.67%	96.70%
Noncontrolling interest, ownership percentage by noncontrolling owners		3.33%			3.33%	3.30%

Equity Accumulated Other Compre

Equity Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance Stockholders' Equity			$ 1,683,258	$ 805,534
Total other comprehensive loss	$ (988)	$ 0	(1,489)	0
Ending balance Stockholders' Equity	1,572,045	1,600,675	1,572,045	1,600,675
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance Stockholders' Equity			(506)	0
Total other comprehensive loss			(1,489)
Ending balance Stockholders' Equity	$ (1,995)	$ 0	$ (1,995)	$ 0

Equity (Detail)

Equity (Detail)	Jun. 30, 2016USD ($)shares$ / shares	Dec. 01, 2015	Jul. 01, 2015shares	Feb. 26, 2014USD ($)$ / shares	Jan. 15, 2013USD ($)shares	Jun. 30, 2016USD ($)shares$ / sharesRate	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2016USD ($)shares$ / shares	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Jun. 30, 2016USD ($)shares$ / shares	Apr. 21, 2015shares	Dec. 31, 2015USD ($)$ / sharesshares	Jun. 30, 2016USD ($)shares$ / shares	Jan. 21, 2016	Jan. 06, 2016USD ($)	Mar. 25, 2015USD ($)	Dec. 31, 2014shares
Number of limited partnership units issued to non controlling | shares					222
Joint venture ownership interest	70.00%	70.00%				70.00%		70.00%			70.00%			70.00%
Net earning of joint venture allocated to noncontrolling interest								30.00%
Contribution from noncontrolling interests					$ 2,000			$ 19,753,000	$ 0
Share repurchase plan percentage of price per-share condition two	100.00%					100.00%		100.00%			100.00%			100.00%
Issuance of common stock under the DRIP, shares | shares													6,533,267	9,952,908
Granted (in shares) | shares														37,500
Maximum percentage of common stock repurchased during period				5.00%
Common stock repuchased during period under share repurchase plan, shares | shares						382,357	65,459	630,840	80,810				380,929	1,011,768
Stock repuchased during period value under the share repurchase plan, value						$ 3,647,000	$ 650,000	$ 5,999,000	$ 803,000				$ 3,761,000	$ 9,760,000
Stock acquired average cost per share | $ / shares						$ 9.54	$ 9.94	$ 9.51	$ 9.95				$ 9.87	$ 9.65
Number of shares of preferred stock, authorized to be issued | shares	200,000,000					200,000,000		200,000,000		200,000,000	200,000,000		200,000,000	200,000,000
Par value of preferred stock, authorized to be issued | $ / shares	$ 0.01					$ 0.01		$ 0.01		$ 0.01	$ 0.01		$ 0.01	$ 0.01
Par value of common stock to be offered and sold to the public | $ / shares	$ 0.01					$ 0.01		$ 0.01		$ 0.01	$ 0.01		$ 0.01	$ 0.01
Issuance of common stock under the DRIP								$ 32,493,000	$ 26,646,000				$ 62,069,000	$ 94,562,000
Number of shares of common stock, authorized to be issued | shares	1,000,000,000					1,000,000,000		1,000,000,000		1,000,000,000	1,000,000,000		1,000,000,000	1,000,000,000
Maximum dollar amount of common stock issuable under public offering				$ 1,900,000,000
Common stock, shares outstanding | shares	193,931,460					193,931,460		193,931,460		191,135,158	193,931,460		191,135,158	193,931,460
Share repurchase plan holding period								1 year
Share Repurchase Plan Percentage of Price per-Share Condition One	92.50%					92.50%		92.50%			92.50%			92.50%
Allocated Share-based Compensation Expense								$ 61,000	50,000
Preferred Stock, Value, Subscriptions																$ 125,000
Preferred Stock, Dividend Rate, Percentage | Rate						12.50%
Selling commissions percentage														7.00%
Selling commissions expenses							$ 0		62,362,000
Percentage Of Dealer Manager Fee														3.00%
Common stock, shares, issued | shares	193,931,460					193,931,460		193,931,460		191,135,158	193,931,460		191,135,158	193,931,460
Dealer Manager Fees							0		27,789,000
Griffin American Advisor [Member]
Stock purchased | shares					22,222
Value of stock purchased					$ 200,000
Restricted Stock [Member]
Granted (in shares) | shares								7,500
Two Thousand Thirteen Incentive Plan [Member] | Common Stock [Member]
Share-based compensation arrangement by share-based payment award, number of shares authorized | shares	2,000,000					2,000,000		2,000,000			2,000,000			2,000,000
Two Thousand Thirteen Incentive Plan [Member] | Restricted Stock [Member]
Allocated Share-based Compensation Expense						$ 38,000	$ 36,000	$ 61,000	50,000
Total unrecognized compensation expense	$ 143,000					$ 143,000		$ 143,000		$ 129,000	$ 143,000		$ 129,000	$ 143,000
Allocated share based unrecognized compensation expense net of estimated forfeitures weighted average remaining period	1 year 9 months 15 days
Two Thousand Thirteen Incentive Plan [Member] | Restricted Stock [Member] | Independent Director [Member]
Granted (in shares) | shares			7,500											30,000
Share based compensation arrangement by share based payment award equity instruments other than options vesting percentage	20.00%					20.00%		20.00%			20.00%			20.00%
Share based compensation arrangement by share based payment award equity instruments other than options vesting percentage on anniversary of grant date	20.00%					20.00%		20.00%			20.00%			20.00%
Number of anniversaries of grant date to vest | shares	4					4		4			4			4
Fair value of stocks at grant date | $ / shares	$ 10					$ 10		$ 10			$ 10			$ 10
Two Thousand Nine Incentive Plan [Member] | Restricted Stock [Member]
Share based compensation arrangement by share based payment award equity instruments other than options nonvested fair value	$ 235,000					$ 235,000		$ 235,000		$ 210,000	$ 235,000		$ 210,000	$ 235,000
DRIP S-3 Public Offering [Member]
Issuance of common stock under the DRIP, shares | shares											8,004,345
Issuance of common stock under the DRIP											$ 76,051,000
Maximum dollar amount of common stock issuable under public offering																	$ 250,000,000
DRIP [Member]
Subscriptions in offering of common stock received and accepted shares | shares												1,948,563
Share price | $ / shares				$ 9.50
Percentage of offering price				95.00%
Maximum amount of common stock issuable under public offering				$ 35,000,000
Maximum dollar amount of common stock issuable under public offering				$ 150,000,000
Common Stock [Member]
Subscriptions in offering of common stock received and accepted shares | shares														184,930,598
Share price | $ / shares				$ 10
Maximum dollar amount of common stock issuable under public offering				$ 1,750,000,000
Additional Paid-In Capital [Member]
Issuance of common stock under the DRIP								$ 32,459,000	$ 26,618,000
Common Stock [Member]
Issuance of common stock under the DRIP, shares | shares						1,724,616	1,721,232	3,419,642	2,804,888
Issuance of common stock under the DRIP								$ 34,000	$ 28,000
Shares, Issued | shares	193,931,460					193,931,460	187,987,190	193,931,460	187,987,190	191,135,158	193,931,460		191,135,158	193,931,460				91,623,241
Parent [Member]
Issuance of common stock under the DRIP						$ 16,383,000	$ 16,351,000	$ 32,493,000	$ 26,646,000
NorthStar Healthcare Income, Inc. [Member]
Joint venture ownership interest	30.00%					30.00%		30.00%			30.00%			30.00%
Trilogy Investors, LLC [Member]
Ownership percentage equity interest	96.67%	96.70%				96.67%		96.67%			96.67%			96.67%
Net earning of joint venture allocated to noncontrolling interest										30.00%
Lakeview IN Medical Plaza [Member]
Joint venture ownership interest	86.00%					86.00%		86.00%			86.00%			86.00%	86.00%
Joint venture earnings percentage allocation	14.00%					14.00%		14.00%			14.00%			14.00%
Trilogy Joint Venture [Member] | Profits Interests [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		5 years
Allocated Share-based Compensation Expense						$ 198,000	$ 0	$ 393,000	$ 0

Equity - Status and Changes of

Equity - Status and Changes of Nonvested Shares of Restricted Common Stock (Detail)	6 Months Ended	28 Months Ended
	Jun. 30, 2016$ / sharesshares	Jun. 30, 2016$ / sharesshares
Equity - Status and Changes of Nonvested Shares of Restricted Common Stock [Roll Forward]
Granted (in shares)		37,500
Restricted Stock [Member]
Equity - Status and Changes of Nonvested Shares of Restricted Common Stock [Roll Forward]
Beginning balance (in shares) - December 31, 2015	21,000
Granted (in shares)	7,500
Vested (in shares)	(5,000)
Forfeited (in shares)	0
Ending balance (in shares) - June 30, 2016	23,500	23,500
Expected to vest — June 30, 2016	23,500	23,500
Beginning balance (in dollars per share) - December 31, 2015 | $ / shares	$ 10
Granted (in dollars per share) | $ / shares	10
Vested (in dollars per share) | $ / shares	10
Forfeited (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) - June 30, 2016 | $ / shares	10	$ 10
Expected to vest — June 30, 2016 | $ / shares	$ 10	$ 10

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		11 Months Ended	12 Months Ended	17 Months Ended	28 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jan. 30, 2015	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2016	Jan. 01, 2015	May 20, 2014	Mar. 05, 2014
Related Party Transaction [Line Items]
Percentage of contract purchase price paid acquisition fee, in cash							2.25%
Maximum percentage of fees and expenses associated with the acquisition	6.00%	6.00%	6.00%	6.00%
Related party transaction, expenses from transactions with related party	$ 7,806,000	$ 8,654,000	$ 14,326,000	$ 18,160,000
Officer purchase share price										$ 9
Asset Management Fees	$ 4,052,000	1,417,000	$ 7,946,000	2,374,000
Other organizational and offering expenses [Member]
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party		$ 0		$ 519,000
Advisor [Member]
Related Party Transaction [Line Items]
Organizational and offering expense percentage								2.00%
Acquisition price for any real estate-related investment we originate or acquire							2.00%
Percentage of acquisition fee of contract purchase price for properties acquired paid in shares					0.25%
Per share amount of shares of common stock in which payment was made					$ 9
Percentage of contract purchase price paid acquisition fee, in cash					2.00%		2.25%
Maximum percentage of fees and expenses associated with the acquisition	6.00%	6.00%	6.00%	6.00%				6.00%
Asset Management Fee Percent								0.75%
Subordinated asset management fee subject to stockholders receiving distributions, percentage	5.00%		5.00%			5.00%	5.00%	5.00%
Minimum percentage of lease fee	3.00%		3.00%			3.00%	3.00%	3.00%
Maximum percentage of lease fee	6.00%		6.00%			6.00%	6.00%	6.00%
Maximum percentage of construction management fee	5.00%		5.00%			5.00%	5.00%	5.00%
Percentage Of Operating Expenses Of Average Invested Asset	2.00%		2.00%			2.00%	2.00%	2.00%
Percentage Of Operating Expense Of Net Income	25.00%		25.00%			25.00%	25.00%	25.00%
Disposition fees as percentage of contract sales price	2.00%		2.00%			2.00%	2.00%	2.00%
Disposition fees as percentage of customary competitive real estate commission	50.00%		50.00%			50.00%	50.00%	50.00%
Maximum percentage of disposition fee	6.00%		6.00%			6.00%	6.00%	6.00%
Percentage Of Property Oversight Fees	1.00%		1.00%			1.00%	1.00%	1.00%
Percentage Of Property Oversight Fees - Multiple Tenants	1.50%		1.50%			1.50%	1.50%	1.50%
Construction Management Fee [Member]
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	$ 0	$ 0	$ 1,000	$ 0
Operating Expense [Member]
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	$ 15,000	$ 14,000	$ 22,000	$ 14,000
Percentage of operating expenses of average invested assets						1.00%
Percentage of operating expenses of net income						29.90%
Acquistion Fees [Member]
Related Party Transaction [Line Items]
Related parties transactions acquisition fees, shares issued	0	0	0	55,684
Related party transaction, expenses from transactions with related party	$ 3,042,000	$ 7,006,000	$ 5,027,000	$ 14,900,000
Acquisition Expenses [Member]
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	0	30,000	0	30,000
Property Management Fee [Member]
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	602,000	175,000	1,235,000	311,000
Lease Commissions [Member]
Related Party Transaction [Line Items]
Related party transaction, expenses from transactions with related party	$ 95,000	$ 12,000	$ 95,000	$ 12,000
Subordinated distribution of net sales proceeds [Member]
Related Party Transaction [Line Items]
Percentage of distribution of net proceeds from sales of properties	15.00%		15.00%			15.00%	15.00%	15.00%
Annual cumulative non compounded return on gross proceeds from sale of shares	7.00%		7.00%			7.00%	7.00%	7.00%
Subordinated Distribution Upon Listing [Member]
Related Party Transaction [Line Items]
Percentage of distribution of net proceeds from sales of properties	15.00%		15.00%			15.00%	15.00%	15.00%
Annual cumulative non compounded return upon listing of shares	7.00%		7.00%			7.00%	7.00%	7.00%
Subordinated Distribution Upon Termination [Member]
Related Party Transaction [Line Items]
Annual cumulative non compounded return on gross proceeds from sale of shares	7.00%		7.00%			7.00%	7.00%	7.00%
Distribution rate of partnership amount to sub advisor	15.00%		15.00%			15.00%	15.00%	15.00%
Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Investment rate by officer									100.00%
President [Member]
Related Party Transaction [Line Items]
Investment rate by officer									100.00%		100.00%
Executive Vice President [Member]
Related Party Transaction [Line Items]
Investment rate by officer									100.00%		100.00%
Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Investment rate by officer									15.00%
Former Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Investment rate by officer									15.00%
Senior Vice President [Member]
Related Party Transaction [Line Items]
Investment rate by officer									15.00%
Secretary [Member]
Related Party Transaction [Line Items]
Investment rate by officer									10.00%
Vice President [Member]
Related Party Transaction [Line Items]
Investment rate by officer									15.00%
Jeffrey T. Hanson, Danny Prosky, and Mathieu B. Streiff [Member]
Related Party Transaction [Line Items]
Investment rate by officer									100.00%
Executive Vice President, Acquisitions [Member]
Related Party Transaction [Line Items]
Investment rate by officer									15.00%
Assistant General Counsel and Secretary [Member]
Related Party Transaction [Line Items]
Investment rate by officer									10.00%
Vice President, Asset Management [Member]
Related Party Transaction [Line Items]
Investment rate by officer									15.00%

Related Party Transactions - Re

Related Party Transactions - Related Party Description (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)shares
Related Party Transaction [Line Items]
Issuance of common stock	$ 933,840
Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Issuance of common stock	$ 17
Issuance of common stock, number of shares | shares	1,902
Former Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Issuance of common stock	$ 1
Issuance of common stock, number of shares | shares	165
President [Member]
Related Party Transaction [Line Items]
Issuance of common stock	$ 20
Issuance of common stock, number of shares | shares	2,246
Assistant General Counsel and Secretary [Member]
Related Party Transaction [Line Items]
Issuance of common stock	$ 1
Issuance of common stock, number of shares | shares	106
Vice President, Asset Management [Member]
Related Party Transaction [Line Items]
Issuance of common stock	$ 1
Issuance of common stock, number of shares | shares	135
Executive Vice President [Member]
Related Party Transaction [Line Items]
Issuance of common stock	$ 19
Issuance of common stock, number of shares | shares	2,062
Executive Vice President, Acquisitions [Member]
Related Party Transaction [Line Items]
Issuance of common stock	$ 2
Issuance of common stock, number of shares | shares	168
Officer [Member]
Related Party Transaction [Line Items]
Issuance of common stock	$ 61
Issuance of common stock, number of shares | shares	6,784

Related Party Transactions - Sc

Related Party Transactions - Schedule of Amount Outstanding to Affiliates (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Due to affiliates	$ 1,914	$ 1,257
Lease Commissions [Member]
Related Party Transaction [Line Items]
Due to affiliates	88	1
Operating Exenses [Member]
Related Party Transaction [Line Items]
Due to affiliates	9	3
Construction Management Fee [Member]
Related Party Transaction [Line Items]
Due to affiliates	8	9
Asset And Property Management Fees [Member]
Related Party Transaction [Line Items]
Due to affiliates	1,678	1,111
Acquistion Fees [Member]
Related Party Transaction [Line Items]
Due to affiliates	$ 131	$ 133

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Liabilities:
Contingent consideration obligations	$ 5,820,000	$ 5,912,000
Fair Value, Measurements, Recurring [Member]
Assets:
Derivative financial instrument	0
Contingent consideration receivables	0	0
Total assets at fair value	0	0
Liabilities:
Derivative financial instrument	1,028,000
Contingent consideration obligations	5,820,000	5,912,000
Warrants	1,014,000	1,014,000
Total liabilities at fair value	7,862,000	6,926,000
Fair Value, Inputs, (Level 1) [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Derivative financial instrument	0
Contingent consideration receivables	0	0
Total assets at fair value	0	0
Liabilities:
Derivative financial instrument	0
Contingent consideration obligations	0	0
Warrants	0	0
Total liabilities at fair value	0	0
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Derivative financial instrument	0
Contingent consideration receivables	0	0
Total assets at fair value	0	0
Liabilities:
Derivative financial instrument	1,028,000
Contingent consideration obligations	0	0
Warrants	0	0
Total liabilities at fair value	1,028,000	0
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]
Assets:
Derivative financial instrument	0
Contingent consideration receivables	0	0
Total assets at fair value	0	0
Liabilities:
Derivative financial instrument	0
Contingent consideration obligations	5,820,000	5,912,000
Warrants	1,014,000	1,014,000
Total liabilities at fair value	$ 6,834,000	$ 6,926,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016USD ($)ft²	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 17, 2015USD ($)	Jan. 21, 2015USD ($)
Business Acquisitions [Line Items]
Contingent consideration obligations	$ 5,820,000	$ 5,912,000
King of Prussia PA MOB [Member]
Business Acquisitions [Line Items]
Contingent consideration obligations			$ 400,000
King of Prussia PA MOB [Member] | Contingent Consideration Obligation [Member]
Business Acquisitions [Line Items]
Contingent consideration obligations fair value disclosure	50,000	400,000
North Carolina ALF Portfolio [Member]
Business Acquisitions [Line Items]
Contingent consideration obligations			$ 4,067,000
North Carolina ALF Portfolio [Member] | Contingent Consideration Obligation [Member]
Business Acquisitions [Line Items]
Business combination, contingent consideration arrangements, range of outcomes, value, high	35,144,000
Business combination, contingent consideration arrangements, range of outcomes, value, low	0
Contingent consideration obligations fair value disclosure	$ 5,097,000	4,131,000
Contingent consideration period earnout payment is based on	3 months
Stockbridge GA MOB II [Member] | Contingent Consideration Obligation [Member]
Business Acquisitions [Line Items]
Business combination, contingent consideration arrangements, range of outcomes, value, low	$ 0
Contingent consideration obligations	673,000
Contingent consideration obligations fair value disclosure	$ 673,000	1,381,000
Contingent consideration obligation payment period	18 months
Contingent Consideration Asset [Member] | King of Prussia PA MOB [Member]
Business Acquisitions [Line Items]
Business combination, contingent consideration arrangements, range of outcomes, value, high					$ 1,100,000
Business combination, contingent consideration arrangements, range of outcomes, value, low					$ 0
Seller square feet lease criteria | ft²	4,536
Contingent Consideration Asset [Member] | Mt. Juliet TN MOB [Member] [Member]
Business Acquisitions [Line Items]
Business combination, contingent consideration arrangements, range of outcomes, value, high				$ 402,000
Business combination, contingent consideration arrangements, range of outcomes, value, low				$ 0
Seller square feet lease criteria | ft²	6,611
Other Liabilities [Member] | Trilogy Investors, LLC [Member]
Business Acquisitions [Line Items]
Warrants	$ 1,014,000	$ 1,014,000

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable Inputs (Details) - Fair Value, Measurements, Nonrecurring [Member] - Significant Unobservable Inputs (Level 3) [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
North Carolina ALF Portfolio - North Raleigh and Mooresville [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 3,682,000	$ 3,524,000
Fair Value Input, Tenants Earnings	$ 3,525,000	$ 3,516,000
Timing of payment	Jan. 27, 2018	Jan. 27, 2018
Applicable rate, as defined	7.20%	7.20%
Discount rate per annum	0.58%	1.06%
Percentage of eligible payment requested	100.00%	100.00%
King of Prussia PA MOB [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 50,000	$ 400,000
Fair Value Input Percentage of Allowance for Tenant Improvements and Leasing Commissions to be Paid	100.00%	100.00%
North Carolina ALF Portfolio - Clemmons and Wake Forest [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 1,415,000	$ 607,000
Fair Value Input, Tenants Earnings	$ 1,558,000	$ 1,491,000
Timing of payment	Jun. 28, 2018	Jun. 28, 2018
Applicable rate, as defined	7.20%	7.20%
Discount rate per annum	0.58%	1.06%
Percentage of eligible payment requested	100.00%	100.00%
Stockbridge GA MOB II [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 673,000	$ 1,381,000
Timing of payment	Mar. 3, 2017	Mar. 3, 2017
Percentage of total unoccupied square footage leased up	100.00%	100.00%
Fair Value Inputs, Cap Rate	7.50%	7.50%
Fair Value Input, Rental Rate per Square Foot	$ 16	$ 17
Fair Value Input, Estimated Cost of Tenant Improvements	$ 30	$ 30
Fair Value Inputs, Lease Commission Rate	4.00%	4.00%

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Contingent Consideration Assets and Obligations (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Contingent Consideration Asset [Member]
Contingent Consideration Asset:
Beginning balance	$ 0	$ 0	$ 0	$ 0
Additions to contingent consideration assets	0	0	0	0
Realized/unrealized (gains) losses recognized in earnings	0	0	0	0
Ending balance	0	0	0	0
Amount of total (gains) losses included in earnings attributable to the change in unrealized (gains) losses related to assets still held	0	0	0	0
Contingent Consideration Obligations [Member]
Contingent Consideration Obligation:
Beginning balance	5,196,000	5,264,000	5,912,000	1,393,000
Additions to contingent consideration obligations	0	596,000	0	4,467,000
Realized/unrealized losses (gains) recognized in earnings	624,000	(580,000)	258,000	(580,000)
Settlements of obligations	0	0	(350,000)	0
Ending balance	5,820,000	5,280,000	5,820,000	5,280,000
Amount of total losses (gains) included in earnings attributable to the change in unrealized (gains) losses related to obligations still held	$ 624,000	$ 18,000	$ 258,000	$ 18,000

Fair Value Measurements Fair Va

Fair Value Measurements Fair Value by Balance Sheet Grouping (Details) - USD ($)	Jun. 30, 2016		Dec. 31, 2015		Jun. 30, 2015	Dec. 31, 2014
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]
Real estate notes receivable	$ 81,111,000		$ 81,716,000
Real estate notes receivable, fair value	83,644,000		80,845,000
Investment	63,816,000		62,761,000
Investment, fair value	93,348,000		94,393,000
Financial Instruments, Financial Liabilities, Balance Sheet Groupings [Abstract]
Mortgage loans payable, net	402,367,000	[1]	295,270,000	[1]	$ 53,282,000	$ 16,742,000
Mortgage loans payable, net fair value	415,025,000		294,701,000
Lines of credit and term loan, net	580,015,000		343,656,000
Line of credit and term loan, net fair value	$ 591,801,000		$ 350,000,000
[1]	Such liabilities of Griffin-American Healthcare REIT III, Inc. as of June 30, 2016 and December 31, 2015 represented liabilities of Griffin-American Healthcare REIT III Holdings, LP, a variable interest entity and consolidated subsidiary of Griffin-American Healthcare REIT III, Inc. The creditors of Griffin-American Healthcare REIT III Holdings, LP do not have recourse against Griffin-American Healthcare REIT III, Inc., except for the 2016 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $318,000,000 as of June 30, 2016 and the 2014 Corporate Line of Credit (as defined in Note 8) held by Griffin-American Healthcare REIT III Holdings, LP in the amount of $77,000,000 as of December 31, 2015, which are both guaranteed by Griffin-American Healthcare REIT III, Inc.

Income Taxes -Income (loss) bef

Income Taxes -Income (loss) before income tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Domestic	$ (52,678)		$ (98,654)
Foreign	(115)		(142)
Loss before income taxes	$ (52,793)	$ (12,843)	$ (98,796)	$ (20,941)

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Examination [Line Items]
Federal deferred	$ 4,649	$ 568	$ 8,394	$ 568
State deferred	(431)	(79)	(856)	(79)
Foreign deferred	(87)	0	(87)	0
Federal current	(1,070)	0	8	0
Foreign current	186	0	167	0
Valuation allowances	5,167	647	9,337	647
Total income tax expense	$ (884)	$ 0	$ 175	$ 0

Business Combinations - Additio

Business Combinations - Additional Information (Detail) $ / shares in Units, $ in Thousands	6 Months Ended		42 Months Ended
	Jun. 30, 2016USD ($)AcquisitionBuilding	Jun. 30, 2015USD ($)Acquisition	Jun. 30, 2016USD ($)AcquisitionBuilding	Jan. 01, 2015$ / shares
Business Acquisitions [Line Items]
Number of acquisition completed from unaffiliated parties | Acquisition			43
Number of buildings acquired from unaffiliated parties | Building			85
Contract purchase price			$ 2,523,360
Two Thousand Sixteen Acquisitions [Member]
Business Acquisitions [Line Items]
Number of acquisition completed from unaffiliated parties | Acquisition	9
Number of buildings acquired from unaffiliated parties | Building	11
Contract purchase price	$ 268,224
Business Combination, Acquisition Related Costs, Closing Costs And Acquisition Fees	$ 6,904
Two Thousand Fifteen Acquisitions [Member]
Business Acquisitions [Line Items]
Number of acquisition completed from unaffiliated parties | Acquisition		14
Number of buildings acquired from unaffiliated parties | Acquisition		36
Contract purchase price		$ 604,845
Business Combination, Acquisition Related Costs, Closing Costs And Acquisition Fees		$ 18,998
Share price | $ / shares				$ 10

Business Combinations - Schedul

Business Combinations - Schedule of Revenues and Net Income (Loss) of Properties Acquired (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Two Thousand Sixteen Acquisitions [Member]
Business Acquisitions [Line Items]
Revenue	$ 5,803
Net income (loss)	$ (642)
Independence MOB Portfolio [Member]
Business Acquisitions [Line Items]
Revenue		$ 6,552
Net income (loss)		904
Pennsylvania Senior Housing Portfolio [Member]
Business Acquisitions [Line Items]
Revenue		0
Net income (loss)		(3)
Other 2015 Acquisitions [Member]
Business Acquisitions [Line Items]
Revenue		9,582
Net income (loss)		$ 1,244

Business Combinations - Fair Va

Business Combinations - Fair Value of Acquisitions (Detail) - USD ($)	Jun. 30, 2016	Jun. 30, 2015
Two Thousand Sixteen Acquisitions [Member]
Business Acquisitions [Line Items]
Building and improvements	$ 221,661,000
Land	14,693,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equipment	644,000
Total assets acquired	269,007,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(1,423,000)
Net assets acquired	267,584,000
Pennsylvania Senior Housing Portfolio [Member]
Business Acquisitions [Line Items]
Building and improvements		$ 76,970,000
Land		2,994,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equipment		635,000
Total assets acquired		88,656,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		(13,254,000)
Net assets acquired		75,402,000
Other 2015 Acquisitions [Member]
Business Acquisitions [Line Items]
Building and improvements		326,134,000
Land		28,509,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equipment		1,441,000
Total assets acquired		385,994,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		(28,721,000)
Net assets acquired		357,273,000
Independence MOB Portfolio [Member]
Business Acquisitions [Line Items]
Building and improvements		113,727,000
Land		7,367,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equipment		0
Total assets acquired		135,312,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		(350,000)
Net assets acquired		134,962,000
In-Place Leases [Member] | Two Thousand Sixteen Acquisitions [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill	20,584,000
In-Place Leases [Member] | Pennsylvania Senior Housing Portfolio [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill		8,057,000
In-Place Leases [Member] | Other 2015 Acquisitions [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill		29,069,000
In-Place Leases [Member] | Independence MOB Portfolio [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill		7,182,000
Above Market Leases [Member] | Two Thousand Sixteen Acquisitions [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill	1,324,000
Above Market Leases [Member] | Pennsylvania Senior Housing Portfolio [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill		0
Above Market Leases [Member] | Other 2015 Acquisitions [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill		746,000
Above Market Leases [Member] | Independence MOB Portfolio [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill		1,321,000
Leasehold Interest [Member] | Pennsylvania Senior Housing Portfolio [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill		0
Leasehold Interest [Member] | Other 2015 Acquisitions [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill		95,000
Leasehold Interest [Member] | Independence MOB Portfolio [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill		5,715,000
Mortgage Loans Payable, Net [Member] | Pennsylvania Senior Housing Portfolio [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		(13,254,000)
Mortgage Loans Payable, Net [Member] | Other 2015 Acquisitions [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		(24,227,000)
Mortgage Loans Payable, Net [Member] | Independence MOB Portfolio [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		0
Below Market Lease [Member] | Two Thousand Sixteen Acquisitions [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(1,423,000)
Below Market Lease [Member] | Pennsylvania Senior Housing Portfolio [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		0
Below Market Lease [Member] | Other 2015 Acquisitions [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		(27,000)
Below Market Lease [Member] | Independence MOB Portfolio [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		(350,000)
Other Liabilities [Member] | Pennsylvania Senior Housing Portfolio [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		0
Other Liabilities [Member] | Other 2015 Acquisitions [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		(4,467,000)
Other Liabilities [Member] | Independence MOB Portfolio [Member]
Business Acquisitions [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities		$ 0
Certificates Of Need [Member] | Two Thousand Sixteen Acquisitions [Member]
Business Acquisitions [Line Items]
Business combination, recognized identifiable assets acquired and liabilities assumed, intangible assets, other than goodwill	$ 10,101,000

Business Combinations - Fair 82

Business Combinations - Fair Value of Acquisitions (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Business Acquisitions [Line Items]
Business combination, contingent consideration, liability	$ 5,820	$ 5,912
North Carolina ALF Portfolio [Member]
Business Acquisitions [Line Items]
Business combination, contingent consideration, liability			$ 4,067
King of Prussia PA MOB [Member]
Business Acquisitions [Line Items]
Business combination, contingent consideration, liability			$ 400

Business Combinations - Busines

Business Combinations - Business Acquisition Pro Forma Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Two Thousand Sixteen Acquisitions [Member]
Business Acquisitions [Line Items]
Revenue	$ 242,171	$ 21,578		$ 493,160	$ 39,749
Net (loss) income	(45,254)	(16,608)		(85,648)	(31,594)
Net (loss) income attributable to controlling interest	$ (32,928)	$ (15,873)		$ (60,642)	$ (30,153)
Net (loss) income per common share attributable to controlling interest -basic and diluted	$ (0.17)	$ (0.08)		$ (0.31)	$ (0.17)
Two Thousand Fifteen Acquisitions [Member]
Business Acquisitions [Line Items]
Revenue		$ 27,009	$ 20,466		$ 55,382	$ 40,880
Net (loss) income		647	(9,774)		4,985	(21,531)
Net (loss) income attributable to controlling interest		$ 647	$ (9,775)		$ 4,985	$ (21,531)
Net (loss) income per common share attributable to controlling interest -basic and diluted		$ 0	$ (0.15)		$ 0.02	$ (0.33)

Segment Reporting - Summary Inf

Segment Reporting - Summary Information for Reportable Segments (Detail)	Jun. 30, 2016USD ($)segment	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	6
Revenues:
Real estate revenue		$ 26,218,000	$ 15,065,000	$ 56,368,000	$ 27,828,000
Resident fees and services		215,103,000	2,819,000	433,458,000	2,819,000
Total revenues		241,321,000	17,884,000	489,826,000	30,647,000
Expenses:
Rental expenses		7,200,000	4,962,000	13,929,000	8,602,000
Property operating expenses		188,486,000	1,701,000	381,486,000	1,701,000
Segment net operating income (loss)		45,635,000	11,221,000	94,411,000	20,344,000
Operating Expenses
General and administrative		7,253,000	2,401,000	14,147,000	5,168,000
Acquisition related expenses		4,833,000	13,267,000	8,248,000	22,675,000
Depreciation and amortization		70,316,000	8,135,000	141,212,000	12,808,000
Loss from operations		(36,767,000)	(12,582,000)	(69,196,000)	(20,307,000)
Other income (expense):
Interest expense (including amortization of deferred financing costs and debt discount/premium)		(9,788,000)	(560,000)	(19,323,000)	(957,000)
Loss in fair value of derivative financial instruments		(871,000)	0	(1,043,000)	0
Foreign currency loss		(3,567,000)	0	(5,042,000)	0
Interest and other income		145,000	299,000	369,000	323,000
Loss from unconsolidated entities		(1,945,000)	0	(4,561,000)	0
Loss before income taxes		(52,793,000)	(12,843,000)	(98,796,000)	(20,941,000)
Income tax benefit (expense)		884,000	0	(175,000)	0
Net loss		(51,909,000)	(12,843,000)	(98,971,000)	(20,941,000)
Assets by Reportable Segment
Total assets	$ 2,761,744,000	2,761,744,000		2,761,744,000		$ 2,525,019,000
Goodwill	62,911,000	62,911,000		62,911,000		62,911,000
Segments, Geographical Areas
Real estate investments, net	1,903,970,000	1,903,970,000		1,903,970,000		1,678,398,000
United States [Member]
Revenues:
Total revenues		240,205,000	17,884,000	487,463,000	30,647,000
Segments, Geographical Areas
Real estate investments, net	1,867,981,000	1,867,981,000		1,867,981,000		1,638,074,000
International [Member]
Revenues:
Total revenues		1,116,000	0	2,363,000	0
Segments, Geographical Areas
Real estate investments, net	35,989,000	35,989,000		35,989,000		40,324,000
Medical Office Building [Member]
Revenues:
Real estate revenue		17,534,000	12,095,000	34,616,000	20,405,000
Resident fees and services		0	0	0	0
Total revenues		17,534,000	12,095,000	34,616,000	20,405,000
Expenses:
Rental expenses		6,497,000	4,235,000	12,585,000	7,205,000
Property operating expenses		0	0	0	0
Segment net operating income (loss)		11,037,000	7,860,000	22,031,000	13,200,000
Assets by Reportable Segment
Total assets	676,563,000	676,563,000		676,563,000		577,399,000
Skilled Nursing Facilities [Member]
Revenues:
Real estate revenue		1,155,000	0	2,311,000	0
Resident fees and services		0	0	0	0
Total revenues		1,155,000	0	2,311,000	0
Expenses:
Rental expenses		79,000	0	154,000	0
Property operating expenses		0	0	0	0
Segment net operating income (loss)		1,076,000	0	2,157,000	0
Assets by Reportable Segment
Total assets	39,475,000	39,475,000		39,475,000		39,945,000
Hospitals [Member]
Revenues:
Real estate revenue		2,939,000	1,622,000	10,144,000	4,990,000
Resident fees and services		0	0	0	0
Total revenues		2,939,000	1,622,000	10,144,000	4,990,000
Expenses:
Rental expenses		493,000	636,000	930,000	1,230,000
Property operating expenses		0	0	0	0
Segment net operating income (loss)		2,446,000	986,000	9,214,000	3,760,000
Assets by Reportable Segment
Total assets	125,066,000	125,066,000		125,066,000		127,372,000
Senior Housing [Member]
Revenues:
Real estate revenue		4,590,000	1,348,000	9,297,000	2,433,000
Resident fees and services		0	0	0	0
Total revenues		4,590,000	1,348,000	9,297,000	2,433,000
Expenses:
Rental expenses		131,000	91,000	260,000	167,000
Property operating expenses		0	0	0	0
Segment net operating income (loss)		4,459,000	1,257,000	9,037,000	2,266,000
Assets by Reportable Segment
Total assets	218,679,000	218,679,000		218,679,000		225,574,000
Senior Housing-RIDEA [Member]
Revenues:
Real estate revenue		0	0	0	0
Resident fees and services		15,443,000	2,819,000	30,741,000	2,819,000
Total revenues		15,443,000	2,819,000	30,741,000	2,819,000
Expenses:
Rental expenses		0	0	0	0
Property operating expenses		10,469,000	1,701,000	20,956,000	1,701,000
Segment net operating income (loss)		4,974,000	1,118,000	9,785,000	1,118,000
Assets by Reportable Segment
Total assets	292,751,000	292,751,000		292,751,000		290,184,000
Integrated Senior Health Campuses [Member]
Revenues:
Real estate revenue		0	0	0	0
Resident fees and services		199,660,000	0	402,717,000	0
Total revenues		199,660,000	0	402,717,000	0
Expenses:
Rental expenses		0	0	0	0
Property operating expenses		178,017,000	0	360,530,000	0
Segment net operating income (loss)		21,643,000	$ 0	42,187,000	$ 0
Assets by Reportable Segment
Total assets	1,325,983,000	1,325,983,000		1,325,983,000		1,258,308,000
Goodwill	62,911,000	62,911,000		62,911,000		62,911,000
Other Segments [Member]
Assets by Reportable Segment
Total assets	$ 83,227,000	$ 83,227,000		$ 83,227,000		$ 6,237,000

Concentration of Credit Risk -

Concentration of Credit Risk - Additional Information (Detail)	Jun. 30, 2016segmentState
Concentration of Credit Risk
Concentration Risk, Number Of States That Generated At Least Ten Percent Of Annualized Base Rent | State	1
Number of reportable segments | segment	6
Minimum percent share of annualized base rent accounted by tenants	10.00%
Minimum percent share of each state annualized base rent that company owned	10.00%
Integrated Senior Health Campuses [Member]
Concentration of Credit Risk
Percentage of annual base rent	47.90%
Medical Office Building [Member]
Concentration of Credit Risk
Percentage of annual base rent	32.50%
Senior Housing-RIDEA [Member]
Concentration of Credit Risk
Percentage of annual base rent	12.00%
Hospitals [Member]
Concentration of Credit Risk
Percentage of annual base rent	0.00%
Senior Housing [Member]
Concentration of Credit Risk
Percentage of annual base rent	5.50%
Skilled Nursing Facilities [Member]
Concentration of Credit Risk
Percentage of annual base rent	2.10%
INDIANA
Concentration of Credit Risk
Percentage of annual base rent	39.70%

Per Share Data (Detail)

Per Share Data (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Participating securities, distributed and undistributed earnings (loss), basic	$ 3,000	$ 2,000	$ 6,000	$ 4,000
Restricted Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share			23,500	16,000
Redeemable Limited Partnership Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share			222	222

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ in Thousands	Jun. 30, 2016	Aug. 15, 2016USD ($)Building	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2016USD ($)Building
Subsequent Events [Line Items]
Number of buildings acquired from unaffiliated parties | Building					85
Contract purchase price					$ 2,523,360
Ownership Percentage, Properties, Excluding Joint Venture			100.00%
Percentage of contract purchase price paid acquisition fee, in cash				2.25%
Subsequent Event [Member]
Subsequent Events [Line Items]
Number of buildings acquired from unaffiliated parties | Building		6
Contract purchase price		$ 79,200
Acquisition fee		$ 1,765
Ownership Percentage, Properties, Excluding Joint Venture		100.00%
Percentage of contract purchase price paid acquisition fee, in cash		2.25%
Trilogy Investors, LLC [Member]
Subsequent Events [Line Items]
Ownership Percentage, Properties	67.67%
Trilogy Investors, LLC [Member] | Subsequent Event [Member]
Subsequent Events [Line Items]
Ownership Percentage, Properties		67.67%
Trilogy Development Parcel [Member] | Subsequent Event [Member]
Subsequent Events [Line Items]
Contract purchase price		$ 2,400

Subsequent Events - Summary of

Subsequent Events - Summary of Acquisitions of Properties (Detail) - USD ($)	1 Months Ended	6 Months Ended	42 Months Ended
	Aug. 15, 2016	Jun. 30, 2016	Jun. 30, 2016
Summary of Acquisitions of Properties [Line Items]
Contract purchase price			$ 2,523,360,000
Mortgage loans payable related to acquisition of properties		$ 108,150,000
Lines of credit related to acquisition of properties		$ 138,060,000
Trilogy [Member]
Summary of Acquisitions of Properties [Line Items]
Type of property acquired		Integrated Senior Health Campuses
Date acquired		Jun. 24, 2016
Contract purchase price		$ 135,089,000
Mortgage loans payable related to acquisition of properties		93,150,000
Lines of credit related to acquisition of properties		30,310,000
Acquisition fee		$ 2,058,000
Subsequent Event [Member]
Summary of Acquisitions of Properties [Line Items]
Contract purchase price	$ 79,200,000
Mortgage loans payable related to acquisition of properties	2,040,000
Lines of credit related to acquisition of properties	76,000,000
Acquisition fee	$ 1,765,000
Subsequent Event [Member] | Fox Grape SNF Portfolio [Member]
Summary of Acquisitions of Properties [Line Items]
Type of property acquired	Skilled Nursing
Date acquired	Jul. 1, 2016
Contract purchase price	$ 65,500,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	65,000,000
Acquisition fee	$ 1,474,000
Subsequent Event [Member] | Voorhees NJ MOB [Member]
Summary of Acquisitions of Properties [Line Items]
Type of property acquired	Medical Office
Date acquired	Jul. 8, 2016
Contract purchase price	$ 11,300,000
Mortgage loans payable related to acquisition of properties	0
Lines of credit related to acquisition of properties	11,000,000
Acquisition fee	$ 254,000
Subsequent Event [Member] | Trilogy [Member]
Summary of Acquisitions of Properties [Line Items]
Type of property acquired	Integrated Senior Health Campuses
Date acquired	Jul. 15, 2016
Contract purchase price	$ 2,400,000
Mortgage loans payable related to acquisition of properties	2,040,000
Lines of credit related to acquisition of properties	0
Acquisition fee	$ 37,000