Community Healthcare Trust (CHCT) 10-K 26 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Feb. 19, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	Community Healthcare Trust Inc
Entity Central Index Key	1,631,569
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		7,714,654
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 140

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Real estate properties
Land	$ 13,216	$ 0
Buildings, improvements, and lease intangibles	119,716	0
Personal property	35	0
Total real estate properties	132,967	0
Less accumulated depreciation	(5,203)	0
Total real estate properties, net	127,764	0
Cash and cash equivalents	2,018	2
Mortgage note receivable, net	10,897	0
Other assets, net	2,124	0
Total assets	142,803	2
Liabilities
Revolving credit facility	17,000	0
Accounts payable and accrued liabilities	812	0
Other liabilities	2,721	0
Total liabilities	$ 20,533	$ 0
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued and outstanding	$ 0	$ 0
Common stock, $0.01 par value; 450,000,000 shares authorized; 7,596,940 and 200,000 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively	76	2
Additional paid-in capital	127,578	0
Cumulative net loss	(1,456)	0
Cumulative dividends	(3,928)	0
Total stockholders’ equity	122,270	2
Total liabilities and stockholders' equity	$ 142,803	$ 2

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, shares authorized	50,000,000	50,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	450,000,000	450,000,000
Common Stock, shares issued	7,596,940	200,000
Common Stock, shares outstanding	7,596,940	200,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Compehrensive Loss - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
REVENUES
Rental income	$ 0	$ 6,364,000
Tenant reimbursements	0	1,964,000
Mortgage interest	0	304,000
Revenues	0	8,632,000
EXPENSES
Property operating	0	2,012,000
General and administrative	0	2,472,000
Depreciation and amortization	0	5,204,000
Bad debts	0	71,000
Expenses	0	9,759,000
OTHER INCOME (EXPENSE)
Interest expense	0	(364,000)
Interest and other income, net	0	35,000
Other Income (Expense)	0	(329,000)
NET LOSS	0	(1,456,000)
COMPREHENSIVE LOSS	$ 0	$ (1,456,000)
LOSS PER COMMON SHARE:
Net loss per common share – Basic (in dollars per share)	$ 0	$ (0.31)
Net loss per common share – Diluted (in dollars per share)	$ 0	$ (0.31)
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING-BASIC	200,000	4,726,925
WEIGHTED AVERAGE COMMON SHARE OUTSTANDING-DILUTED	200,000	4,726,925

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Cumulative Net Income (Deficit) [Member]	Cumulative Dividends [Member]
Beginning Balance at Mar. 27, 2014	$ 0	$ 0	$ 0	$ 0	$ 0
Beginning Balance (in shares) at Mar. 27, 2014		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)	200,000	200,000
Issuance of common stock, net of offering costs	$ 2	$ 2
Net loss	0
Ending Balance (in shares) at Dec. 31, 2014		200,000
Ending Balance at Dec. 31, 2014	$ 2	$ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock (in shares)	7,311,183	7,311,183
Issuance of common stock, net of offering costs	$ 127,486	$ 73	127,413
Stock-based compensation (in shares)		85,757
Stock-based compensation	166	$ 1	165
Net loss	(1,456)			(1,456)
Dividends to common stockholders ($0.517 per share)	(3,928)				(3,928)
Ending Balance (in shares) at Dec. 31, 2015		7,596,940
Ending Balance at Dec. 31, 2015	$ 122,270	$ 76	$ 127,578	$ (1,456)	$ (3,928)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical)	12 Months Ended
	Dec. 31, 2015$ / shares
Dividends to common stockholders, per share (in dollars per share)	$ 0.517
Cumulative Dividends [Member]
Dividends to common stockholders, per share (in dollars per share)	$ 0.517

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
OPERATING ACTIVITIES
Net loss	$ 0	$ (1,456,000)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	0	5,320,000
Stock-based compensation	0	166,000
Straight-line rent receivable	0	(133,000)
Provision for bad debts	0	71,000
Changes in operating assets and liabilities:
Other assets	0	(1,811,000)
Accounts payable and accrued liabilities	0	326,000
Other liabilities	0	488,000
Net cash provided by operating activities	0	2,971,000
INVESTING ACTIVITIES
Acquisitions of real estate	0	(128,950,000)
Funding of mortgage note receivable	0	(10,863,000)
Capital expenditures on existing real estate properties	0	(827,000)
Net cash used in investing activities	0	(140,640,000)
FINANCING ACTIVITIES
Net borrowings on revolving credit facility	0	17,000,000
Dividends paid	0	(3,928,000)
Net proceeds from issuance of common stock	2,000	127,486,000
Debt issuance costs	0	(873,000)
Net cash provided by financing activities	2,000	139,685,000
Increase in cash and cash equivalents	2,000	2,016,000
Cash and cash equivalents, beginning of period	0	2,000
Cash and cash equivalents, end of period	2,000	2,018,000
Supplemental Cash Flow Information:
Interest paid	0	178,000
Invoices accrued for construction, tenant improvement and other capitalized costs	$ 0	$ 52,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Business Overview Community Healthcare Trust Incorporated (the ‘‘Company’’, ‘‘we’’, ‘‘our’’) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. The Company conducts its business through an UPREIT structure in which its properties are owned by its operating partnership, either directly or through subsidiaries. The Company is the sole general partner, owning 100% of the operating partnership ("OP") units. In May 2015, the Company completed its initial public offering, issuing 7,187,500 shares of common stock for approximately $125.2 million in net proceeds and concurrent private placements to certain officers and directors of 123,683 shares of common stock for approximately $2.3 million in net proceeds. In June 2015, the Company entered into a $ 75.0 million syndicated senior revolving credit facility. Since its initial public offering through December 31, 2015 , the Company had invested in approximately $143.9 million in 41 real estate properties and mortgage notes, located in 18 states, totaling approximately 789,500 square feet. Principles of Consolidation Our Consolidated Financial Statements include the accounts of the Company, its wholly owned subsidiaries, joint ventures, partnerships and variable interest entities, or VIEs, where the Company controls the operating activities. Management must make judgments regarding the Company's level of influence or control over an entity and whether or not the Company is the primary beneficiary of a variable interest entity. Consideration of various factors include, but is not limited to, the Company's ability to direct the activities that most significantly impact the entity's governing body, the size and seniority of the Company's investment, the Company's ability and the rights of other investors to participate in policy making decisions, the Company's ability to replace the manager and/or liquidate the entity. Management's ability to correctly assess its influence or control over an entity when determining the primary beneficiary of a VIE affects the presentation of these entities in the Company's Consolidated Financial Statements. If it is determined that the Company is the primary beneficiary of a VIE, the Company's Consolidated Financial Statements would include the operating results of the VIE rather than the results of the variable interest in the VIE. The Company would depend on the VIE to provide timely financial information and would rely on the interest control of the VIE to provide accurate financial information. Untimely or inaccurate financial information provided to the Company or deficiencies in the VIEs internal controls over financial reporting could impact the Company's Consolidated Financial Statements and its internal control over financial reporting. The Company identified one borrower as a VIE relating to one mortgage note receivable of approximately $11.0 million at December 31, 2015 , but management concluded that the Company was not the primary beneficiary. There were no VIEs at December 31, 2014. All material intercompany accounts, transactions, and balances have been eliminated in the presentation of the Company's Consolidated Financial Statements. Jumpstart Our Business Startups Act of 2012 The JOBS Act permits the Company, as an ‘‘emerging growth company,’’ to take advantage of an extended transition period to comply with new or revised accounting standards applicable to public companies. Management has elected to ‘‘opt out’’ of this provision and, as a result, will be required to comply with new or revised accounting standards as required when they are adopted. The decision to opt out of the extended transition period under the JOBS Act is irrevocable. Use of Estimates in the Consolidated Financial Statements Preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may materially differ from those estimates. Segment Reporting The Company acquires and owns, or finances, healthcare-related real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. The Company is managed as one reporting unit, rather than multiple reporting units, for internal reporting purposes and for internal decision-making. Therefore, the Company discloses its operating results in a single segment. Cash and Cash Equivalents Cash and cash equivalents includes short-term investments with original maturities of three months or less when purchased. Real Estate Properties Real estate properties are recorded at cost or at fair value if acquired in a transaction that is a business combination under ASC 805. Cost or fair value at the time of acquisition is allocated between land, buildings, tenant improvements, lease and other intangibles, and personal property, as applicable. The Company's gross real estate assets, on a financial reporting basis, totaled approximately $ 133.0 million and $ 0 million, respectively, at December 31, 2015 and 2014. Depreciation and amortization of real estate assets and liabilities in place as of December 31, 2015 , is recognized on a straight-line basis over the estimated useful lives of the assets. The estimated useful lives at December 31, 2015 are as follows: Buildings and improvements 2.3 years - 40 years Lease intangibles 1.2 years - 9.3 years Personal property 3.0 years Accounting for Acquisitions of Real Estate Properties Real estate properties are recorded at cost or, if acquired through business combination, at fair value. The allocation of real estate property acquisitions may include land, building and improvements, personal property, and identified intangible assets and liabilities (consisting of above- and below-market leases, in-place leases, and tenant relationships) based on the evaluation of information and estimates available at that date in accordance with the provisions of ASC 805 and we allocate the purchase price based on these assessments. We make estimates of the fair value of the tangible and intangible assets and acquired liabilities using information obtained from multiple sources as a result of pre-acquisition due diligence, tax records, and other sources. Based on these estimates, we recognize the acquired assets and liabilities at their estimated fair values. Initial valuations are subject to change until the information is finalized, no later than 12 months from the acquisition date. We expense transaction costs associated with business combinations in the period incurred. In accordance with ASC 805, the fair value of tangible property assets acquired considers the value of the property as if vacant determined by comparable sales and other relevant data. The determination of fair value involves the use of significant judgment and estimation. We value land based on various inputs, which may include internal analysis of recently acquired properties, existing comparable properties within our portfolio, or third party appraisals or valuations based on comparable sales. In recognizing identified intangible assets and liabilities of an acquired property, the value of above-or-below market leases is estimated based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between contractual amounts to be received pursuant to the leases and management’s estimate of market lease rates measured over a period equal to the estimated remaining term of the lease. In the case of a below-market lease, the Company would also evaluate any renewal options associated with that lease to determine if the intangible should include those periods. The capitalized above-market or below-market lease intangibles are amortized as a reduction or addition to rental income over the estimated remaining term of the respective leases. In determining the value of in-place leases and tenant relationships, management considers current market conditions and costs to execute similar leases in arriving at an estimate of the carrying costs during the expected lease-up period from vacant to existing occupancy. In estimating carrying costs, management includes real estate taxes, insurance, other property operating expenses, estimates of lost rental revenue during the expected lease-up periods, and costs to execute similar leases, including leasing commissions. The values assigned to in-place leases and tenant relationships are amortized over the estimated remaining term of the lease. If a lease terminates prior to its scheduled expiration, all unamortized costs related to that lease are written off. Asset Impairments The Company assesses the potential for impairment of identifiable, definite-lived, intangible assets and long-lived assets, including real estate properties, whenever events occur or a change in circumstances indicates that the carrying value might not be fully recoverable. Indicators of impairment may include significant under-performance of an asset relative to historical or expected operating results; significant changes in the Company’s use of assets or the strategy for its overall business; plans to sell an asset before its depreciable life has ended; the expiration of a significant portion of leases in a property; or significant negative economic trends or negative industry trends for the Company or its operators. In addition, the Company’s review for possible impairment may include those assets subject to purchase options and those impacted by casualties, such as tornadoes and hurricanes. If management determines that the carrying value of the Company’s assets may not be fully recoverable based on the existence of any of the factors above, or others, management would measure and record an impairment charge based on the estimated fair value of the property or the estimated fair value less costs to sell the property. No indicators of impairment occurred during 2015 to warrant management to test any of its assets that it acquired during the year for impairment. Therefore, no impairments were recorded in 2015. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. In calculating fair value, a company must maximize the use of observable market inputs, minimize the use of unobservable market inputs and disclose in the form of an outlined hierarchy the details of such fair value measurements. A hierarchy of valuation techniques is defined to determine whether the inputs to a fair value measurement are considered to be observable or unobservable in a marketplace. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. This hierarchy requires the use of observable market data when available. These inputs have created the following fair value hierarchy: • Level 1 – quoted prices for identical instruments in active markets. • Level 2 – quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and • Level 3 – fair value measurements derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Executed purchase and sale agreements, that are binding agreements, are categorized as level one inputs. Brokerage estimates, letters of intent, or unexecuted purchase and sale agreements are considered to be level three as they are non-binding in nature. Lease Accounting We, as lessor, make a determination with respect to each of our leases whether they should be accounted for as operating leases or capital leases. The classification criteria is based on estimates regarding the fair value of the leased facilities, minimum lease payments, effective cost of funds, the economic useful life of the facilities, the existence of a bargain purchase option, and certain other terms in the lease agreements. We believe all of our leases should be accounted for as operating leases. Payments received under operating leases are accounted for in the Consolidated Statements of Comprehensive Loss as rental income for actual cash rent collected plus or minus a straight-line adjustment for estimated minimum lease escalators. Assets subject to operating leases are reported as real estate investments in the Consolidated Balance Sheets. Substantially all of our leases contain fixed or formula-based rent escalators. To the extent that the escalator increases are tied to a fixed index or rate, lease payments are accounted for on a straight-line basis over the life of the lease. Revenue Recognition The Company recognizes rental revenue when it is realized or realizable and earned, in accordance with ASC 840. There are four criteria that must all be met before a Company may recognize revenue, including persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered (i.e., the tenant has taken possession of and controls the physical use of the leased asset), the price has been fixed or is determinable, and collectability is reasonably assured. The Company derives most of its revenues from its real estate property and mortgage notes portfolio. The Company's rental and mortgage interest income is recognized based on contractual arrangements with its tenants and borrowers. Rental income is recognized as earned over the life of the lease agreement on a straight-line basis. Recognizing rental revenue on a straight-line basis for leases may result in recognizing revenue in amounts more or less than amounts currently due from tenants. If management determines that the collectability of straight-line rents is not reasonably assured, the amount of future revenue recognized may be limited to amounts contractually owed and, where appropriate, establish an allowance for estimated losses. Straight-line rent included in rental income was approximately $0.1 million for the year ended December 31, 2015. No straight line rent was recognized in 2014. Mortgage interest income is recognized based on the interest rates, maturity dates and amortization periods in accordance with each note agreement. Fees received related to its mortgage notes are amortized to mortgage interest income on a straight-line basis which approximates amortization under the effective interest method. The Company also accrues operating expense recoveries based on the contractual terms of its leases and late fees based on the contractual terms of its leases or notes, which are included in rental income or mortgage interest income, as applicable. Operating expense recoveries and late fees included in rental income were approximately $2.0 million and $40,000 , respectively, for the year ended December 31, 2015. No operating expense recoveries or late fees were recognized in 2014. Income received but not yet earned is deferred until such time it is earned. Deferred revenue, included in other liabilities on the Consolidated Balance Sheet, was approximately $ 0.5 million at December 31, 2015 . No deferred revenue was recognized in 2014. Allowance for Doubtful Accounts and Credit Losses Accounts Receivable Management monitors the aging and collectability of its accounts receivable balances on an ongoing basis. Whenever deterioration in the timeliness of payment from a tenant is noted, management investigates and determines the reason or reasons for the delay. Considering all information gathered, management’s judgment is exercised in determining whether a receivable is potentially uncollectible and, if so, how much or what percentage may be uncollectible. Among the factors management considers in determining collectability are: the type of contractual arrangement under which the receivable was recorded (e.g., triple net lease, gross lease, or other type of agreement); the tenant’s reason for slow payment; industry influences under which the tenant operates; evidence of willingness and ability of the tenant to pay the receivable; credit-worthiness of the tenant; collateral, security deposit, letters of credit or other monies held as security; tenant’s historical payment pattern; other contractual agreements between the tenant and the Company; relationship between the tenant and the Company; the state in which the tenant operates; and the existence of a guarantor and the willingness and ability of the guarantor to pay the receivable. Considering these factors and others, management concludes whether all or some of the aged receivable balance is likely uncollectible. Upon determining that some portion of the receivable is likely uncollectible, the Company will record a provision for bad debts for the amount it expects will be uncollectible. When efforts to collect a receivable are exhausted, the receivable amount is charged off against the allowance. At December 31, 2015 and 2014 , the Company had provisions for bad debt of approximately $ 71,000 and $0 , respectively. The Company does not hold any accounts receivable for sale. Mortgage Note Receivable During 2015, the Company funded one mortgage note receivable with a principal balance outstanding as of December 31, 2015 of approximately $11.0 million. The mortgage note matures on September 30, 2026 and bears interest at 9.5% . The Company evaluates collectibility of its mortgage notes and records allowances on the notes as necessary. A loan is impaired when it is probable that a creditor will be unable to collect all amounts due according to the contractual terms of the loan as scheduled, including both contractual interest and principal payments. This assessment also includes an evaluation of the loan collateral. If a mortgage loan becomes past due, the Company will review the specific circumstances and may discontinue the accrual of interest on the loan. The loan is not returned to accrual status until the debtor has demonstrated the ability to continue debt service in accordance with the contractual terms. Loans placed on non-accrual status will be accounted for on a cash basis, in which income is recognized only upon the receipt of cash, or on a cost-recovery basis, in which all cash receipts reduce the carrying value of the loan, based on the Company's expectation of future collectibility. At December 31, 2015 and 2014 , there were no mortgage notes that were either on non-accrual status or were past due more than ninety days and continued to accrue interest. Also, as of December 31, 2015 and 2014 , the Company did not hold any of its mortgage notes available for sale and had not recorded any allowances on its mortgage note receivable. Stock-Based Compensation We have adopted the 2014 Incentive Plan. The 2014 Incentive Plan is intended to attract and retain qualified persons upon whom, in large measure, our sustained progress, growth and profitability depend, to motivate the participants to achieve long-term company goals and to more closely align the participants’ interests with those of our other stockholders by providing them with a proprietary interest in our growth and performance. The two distinct programs under the 2014 Incentive Plan are the Alignment of Interest Program and the Officer Incentive Program. Our executive officers, officers, employees, consultants and non-employee directors are eligible to participate in the 2014 Incentive Plan. The 2014 Incentive Plan currently reserves 7% of the Company’s common stock outstanding after the IPO, including any shares of common stock sold by the Company pursuant to the exercise of any over-allotment options, for issuance as awards. The 2014 Incentive Plan is administered by the Company’s compensation committee, which interprets the 2014 Incentive Plan and has broad discretion to select the eligible persons to whom awards will be granted, as well as the type, size and terms and conditions of each award, including the number of shares subject to awards and the expiration date of, and the vesting schedule or other restrictions (including, without limitation, restrictive covenants) applicable to, awards. The Company recognizes share-based payments to its directors and employees in its Consolidated Statements of Comprehensive Loss on a straight-line basis over the requisite service period based on the fair value of the award on the measurement date. Organization and Offering Costs Some of the costs related to the Company’s organization, its initial public offering and due diligence related to the initial properties acquired by the Company were incurred by Athena Funding Partners (“AFP”), which is substantially owned and controlled by Timothy G. Wallace, the Company’s Chairman, Chief Executive Officer and President. The Company entered into a formation services agreement with AFP on April 1, 2014, pursuant to which the Company agreed to reimburse the actual costs incurred by AFP only upon the successful completion of the initial public offering. The costs related to the activities prior to the offering were undertaken by AFP on the Company’s behalf, including the Company’s organization, negotiating the property acquisitions, performing due diligence related to the initial properties, performing corporate work in contemplation of the offering and preparing the Prospectus. Costs incurred include expenses such as legal and accounting fees, certain costs related to performing property due diligence, certain property related costs, travel, overhead, office supplies and office rent. The Company reimbursed AFP approximately $0.4 million during 2015. AFP will receive no further compensation for providing such services and funding such costs. Organization costs incurred by the Company were expensed. Offering costs incurred were recorded in stockholders’ equity as a reduction to additional paid-in capital. Intangible Assets Intangible assets with indefinite lives are not amortized, but are tested at least annually for impairment. Intangible assets with finite lives are amortized over their respective lives to their estimated residual values and are reviewed for impairment only when impairment indicators are present. The Company did not have any indefinite lived intangible assets as of December 31, 2015 and 2014 . Identifiable intangible assets of the Company are generally comprised of in-place and above-market lease intangible assets and below-market lease intangible liabilities, as well as deferred financing costs. In-place lease intangible assets are amortized to depreciation expense on a straight-line basis over the applicable lives of the leases. Above- and below-market lease intangibles are amortized to rental income on a straight-line basis over the applicable lives of the leases. Deferred financing costs are amortized to interest expense over the term of the related credit facility or other debt instrument using the straight-line method, which approximates amortization under the effective interest method. Contingent Liabilities From time to time, the Company may be subject to loss contingencies arising from legal proceedings and similar matters. Additionally, while the Company maintains comprehensive liability and property insurance with respect to each of its properties, the Company may be exposed to unforeseen losses related to uninsured or under-insured damages. Management will monitor any matter that may present a contingent liability, and, on a quarterly basis, will review any reserves and accruals relating to the liabilities, adjusting provisions as necessary in view of changes in available information. Liabilities for contingencies are first recorded when a loss is determined to be both probable and can be reasonably estimated. Changes in estimates regarding the exposure to a contingent loss will be reflected as adjustments to the related liability in the periods when they occur and will be disclosed in the notes to the Consolidated Financial Statements. On occasion, the Company may also have acquisitions which include contingent consideration. Accounting for business combinations require the Company to estimate the fair value of any contingent purchase consideration at acquisition. Management will monitor these contingencies on a quarterly basis. Changes in estimates regarding contingent purchase consideration will be reflected as adjustments to the related liability in the periods when they occur and will be disclosed in the notes to the Consolidated Financial Statements. During 2015, the Company recorded approximately $1.2 million in contingent consideration related to two of its acquisitions. See Note 4 for more details. Income Taxes The Company has elected to be taxed as a REIT, as defined under the Internal Revenue Code. We have also elected for one subsidiary to be treated as a taxable REIT subsidiary ("TRS"), which is subject to federal and state income taxes. No provision has been made for federal income taxes for the REIT, however, the Company has provided federal and state income taxes for the TRS. The Company intends at all times to qualify as a real estate investment trust (“REIT”) under Sections 856 and 860 of the Internal Revenue Code of 1986, as amended. The Company must distribute at least 90% per annum of its REIT taxable income to its stockholders (which is computed without regard to the dividends paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with generally accepted accounting principles) and meet other requirements to continue to qualify as a real estate investment trust. See further discussion in Note 13. The Company classifies interest and penalties related to uncertain tax positions, if any, in the Consolidated Financial Statements as a component of general and administrative expenses. No such amounts were recognized during 2015 or 2014. The Company is subject to audit by the Internal Revenue Service and by state taxing authorities for the period from March 28, 2014 through December 31, 2014. Sales and Use Taxes The Company must pay sales and use taxes to certain state tax authorities based on rent collected from tenants in properties located in those states. The Company is generally reimbursed for those taxes by those tenants. The Company accounts for the payments to the taxing authority and subsequent reimbursement from the tenant on a net basis, included in tenant reimbursement revenue on the Company’s Consolidated Statements of Comprehensive Loss. Concentration of Credit Risks Our credit risks primarily relate to cash and cash equivalents and our one mortgage note receivable. Cash and cash equivalents are primarily held in bank accounts and overnight investments. We maintain our bank deposit accounts with large financial institutions in amounts that often exceed federally-insured limits. We have not experienced any losses in such accounts. We invested in one fixed rate mortgage note during the third quarter of 2015 and have a fixed price purchase option on the secured property through September 30, 2016. See Note 4 for more details. Earnings per Share Basic earnings per common share is calculated using weighted average shares outstanding less issued and outstanding non-vested shares of common stock. Diluted earnings per common share is calculated using weighted average shares outstanding plus the dilutive effect of the non-vested shares of common stock using the treasury stock method and the average stock price during the period. New Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-02, Leases . This standard requires a lessor to classify leases as either sales-type, finance or operating. A lease will be treated as a sale if it transfers all of the risks and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are conveyed without the transfer of control, the lease is treated as a financing. If the lessor doesn’t convey risks and rewards or control, an operating lease results. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessors for sales-type, direct financing, and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. We are currently evaluating the impact of our pending adoption of the new standard on our Consolidated Financial Statements. In September 2015, the FASB issued ASU No. 2015-16, Simplifying the Accounting for Measurement-Period Adjustments. This standard eliminates the requirement that an acquirer in a business combination account for measurement-period adjustments retrospectively. Instead, an acquirer will recognize measurement-period adjustments, including its effect on earnings and goodwill, in the period in which the amount of the adjustment is determined. This standard is effective for us beginning January 1, 2016. In general, we do not believe the adoption of this standard will have a material impact on our results of operations or cash flows. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. This standard requires debt issuance costs to be reported in the balance sheet as a direct reduction from the face amount of the note in which it is directly related. The SEC staff has indicated that it will not object to an entity deferring and presenting debt issuance costs related to lines-of-credit as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. This standard is effective for us beginning January 1, 2016, on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. The Company intends on continuing to present our debt issuance costs related to our line-of-credit as an asset. Therefore, we do not expect the adoption of this standard to have an impact on our consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, as amended by ASU No. 2015-14, Revenue from Contracts with Customers , a comprehensive new revenue recognition standard that supersedes most existing revenue recognition guidance, including sales of real estate. This standard's core principle is that a company will recognize revenue when it transfers goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods and services. However, leasing contracts, representing the major source of the Company's revenues, are not within the scope of the new standard and will continue to be accounted for under existing standards. This new standard is effective for the Company for annual and interim periods beginning on January 1, 2018 with early adoption permitted in 2017. The Company has not yet determined the effects on the consolidated financial statements and related notes resulting from the adoption of this new standard. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . This standard includes changes to both the variable interest model and the voting model, including changes to (1) the identification of variable interests (fees paid to a decision maker or service provider), (2) the variable interest entity characteristics for a limited partnership or similar entity, and (3) the primary beneficiary determination. This standard is effective for us beginning January 1, 2016. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Real Estate Investments

Real Estate Investments	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Real Estate Investments	Real Estate Investments As of December 31, 2015 , the Company had investments of approximately $143.9 million in 41 real estate properties and mortgage notes receivable. The following table summarizes the Company's investments. (Dollars in thousands) Number of Facilities Land Buildings, Improvements, and Lease Intangibles Personal Property Total Accumulated Depreciation Medical office: Alabama 2 $ 360 $ 2,176 $ — $ 2,536 $ — Florida 2 740 11,010 — 11,750 76 Georgia 1 366 3,088 — 3,454 213 Illinois 1 821 8,644 — 9,465 295 Kansas 2 1,379 10,497 — 11,876 784 Kentucky 1 484 4,122 — 4,606 129 Ohio 1 33 3,671 — 3,704 254 Texas 2 2,493 9,992 — 12,485 610 12 6,676 53,200 — 59,876 2,361 Physician clinics: Alabama 1 533 2,663 — 3,196 — Arizona 1 41 1,594 — 1,635 115 Florida 3 — 5,950 — 5,950 115 Kansas 3 1,558 10,713 — 12,271 391 Pennsylvania 1 330 2,770 — 3,100 305 Virginia 1 110 1,362 — 1,472 74 Wisconsin 1 412 2,588 — 3,000 141 11 2,984 27,640 — 30,624 1,141 Ambulatory surgery centers: Arizona 1 227 2,473 — 2,700 132 Colorado 1 375 2,325 — 2,700 39 Michigan 1 300 5,595 — 5,895 71 Ohio 1 188 1,382 — 1,570 130 Pennsylvania 1 149 1,301 — 1,450 63 South Carolina 1 315 1,890 — 2,205 217 Texas 1 528 4,072 — 4,600 209 7 2,082 19,038 — 21,120 861 Dialysis clinics: Colorado 1 259 2,791 — 3,050 124 Georgia 1 62 1,038 — 1,100 61 Kentucky 1 193 3,423 — 3,616 161 Ohio 1 66 1,184 — 1,250 74 Tennessee 1 28 572 — 600 21 Texas 1 181 2,956 — 3,137 98 6 789 11,964 — 12,753 539 Oncology centers: Alabama 3 415 4,385 — 4,800 290 3 415 4,385 — 4,800 290 Behavioral facilities: Indiana 1 270 2,651 — 2,921 11 1 270 2,651 — 2,921 11 Corporate property — — 838 35 873 — Total owned properties 40 $ 13,216 $ 119,716 $ 35 $ 132,967 $ 5,203 Mortgage note receivable, net 1 — — — 10,897 — Total real estate investments 41 $ 13,216 $ 119,716 $ 35 $ 143,864 $ 5,203

Real Estate Leases

Real Estate Leases	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Real Estate Leases	Real Estate Leases The Company’s properties are generally leased pursuant to non-cancelable, fixed-term operating leases with expiration dates through 2030 . The Company’s leases generally require the lessee to pay minimum rent, with fixed rent renewal terms or increases based on a Consumer Price Index and additional rent, which may include taxes (including property taxes), insurance, maintenance and other operating costs associated with the leased property. Certain of the Company's leases provide the lessee with a purchase option or a right of first refusal to purchase the leased property. The purchase option provisions generally allow the lessee to purchase the leased property at fair market value or at an amount greater than the Company's gross investment in the leased property at the time of the purchase. No purchase options were exercisable at December 31, 2015 . Future Minimun Lease Payments Future minimum lease payments under the non-cancelable operating leases due the Company for the years ending December 31, as of December 31, 2015 , are as follows (in thousands): 2016 $ 12,558 2017 10,850 2018 8,523 2019 6,014 2020 4,867 2021 and thereafter 21,123 $ 63,935 Revenue Concentrations During 2015, the Company acquired and leased its portfolio to a diverse tenant base. At December 31, 2015 , the Company had no customers that accounted for more than 10% of its consolidated revenues. The Company's portfolio is currently located in 18 states. However, approximately 41.3% of our consolidated revenues for the year ended December 31, 2015 were derived from properties located in Kansas ( 23.8% ) and Texas ( 17.5% ).

Real Estate Acquisitions

Real Estate Acquisitions	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Real Estate Acquisitions	Real Estate Acquisitions Property Acquisitions During the fourth quarter of 2015, the Company acquired eight real estate properties totaling approximately 214,192 square feet and acquired its new corporate office for an aggregate purchase price of approximately $29.9 million , including cash consideration of approximately $29.6 million . Upon acquisition, the eight properties were approximately 97.7% leased in the aggregate with lease expirations ranging from 2017 to 2030. During the third quarter of 2015, the Company acquired three real estate properties totaling approximately 71,153 square feet for an aggregate purchase price of approximately $13.1 million, including cash consideration of approximately $13.0 million. Upon acquisition, the properties were approximately 93.6% leased in the aggregate with lease expirations ranging from 2016 through 2024. During the second quarter of 2015, the Company acquired 29 real estate properties totaling approximately 474,303 square feet for an aggregate purchase price of approximately $ 87.4 million, including cash consideration of approximately $ 87.2 million. Upon acquisition, the properties were approximately 92.9% leased in the aggregate with lease expirations ranging from 2015 through 2030. In addition, two of the properties include contingent consideration which could result in additional purchase price of up to $1.5 million . At December 31, 2015, the Company had estimated the fair value of these contingencies and has recorded an aggregate liability of approximately $1.2 million . The Company will monitor these contingencies through the contingency periods that end as of December 31, 2016 and will record any adjustments as needed on a quarterly basis until the contingencies are resolved. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the property acquisitions during 2015. Estimated Fair Value Estimated Useful Life (In thousands) (In years) Land $ 13,216 Buildings 97,518 20 - 40 Intangibles: At-market lease intangibles 21,406 1.2 - 9.3 Above-market lease intangibles 65 2.6 Below-market lease intangibles (357 ) 6.1 - 7.8 Total intangibles 21,114 Accounts receivable and other assets assumed 18 Accounts payable, accrued liabilities and other liabilities assumed (1) (1,040 ) Contingent liabilities (1,190 ) Prorated rent and operating expense reimbursement amounts collected (686 ) Expenses paid, including closing costs 832 Total cash consideration $ 129,782 (1) Includes security deposits received, property taxes payable prior to the acquisition, and a tenant improvement allowance. Mortgage Notes Receivable During 2015, the Company funded an $ 11.0 million mortgage secured by a 29,890 square foot long-term acute care facility in Louisiana which matures on September 30, 2026 . The Company received loan and commitment fees from the transaction totaling $137,500 which have been deferred and will be recognized into income on a straight-line basis. The mortgage loan requires interest only payments to us through September 2016 and has a stated fixed interest rate of 9.5% . Thereafter, monthly principal and interest payments will be due through maturity. The Company has an option to purchase the property through September 30, 2016 for a fixed amount. The mortgage note receivable is classified as held-for-investment based on management's intent and ability to hold the loans until maturity and is carried at cost.

Revolving Credit Facility

Revolving Credit Facility	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Revolving Credit Facility	Revolving Credit Facility On June 3, 2015, the Company entered into a $ 75.0 million syndicated senior revolving credit facility (the “Credit Facility”) that matures on June 3, 2018 with two options to extend the facility, subject to the satisfaction of certain conditions, for an additional year each for an extension fee of 0.25% of the aggregate commitments. The Credit Facility also includes an accordion feature that provides the Company with additional capacity, subject to the satisfaction of customary terms and conditions, including obtaining additional commitments from lenders, of up to $ 125.0 million, for a total facility size of up to $ 200.0 million. The Company’s material subsidiaries are guarantors of the obligations under the Credit Facility. The amount available for the Company to borrow from time to time under the Credit Facility is limited according to a borrowing base valuation of certain unencumbered properties owned by subsidiaries of our operating partnership that guarantee the facility. Amounts outstanding under the Credit Facility bear annual interest at a floating rate that is based, at the Company’s option, on either: (i) LIBOR plus 2.50% to 3.00% or (ii) a base rate plus 1.50% to 2.00% , in each case, depending upon the Company’s leverage ratio. In addition, the Company is obligated to pay an annual fee equal to 0.25% of the amount of the unused portion of the Credit Facility if amounts borrowed are greater than 50% of the borrowing capacity under the Credit Facility and 0.35% of the unused portion of the Credit Facility if amounts borrowed are less than or equal to 50% of the borrowing capacity under the Credit Facility ( 0.35% at December 31, 2015). At December 31, 2015 , the Company had $17.0 million outstanding under the Credit Facility with a weighted average interest rate of approximately 3.6% and remaining availability of approximately $58.0 million. The Company’s ability to borrow under the Credit Facility is subject to its ongoing compliance with a number of customary affirmative and negative covenants, including limitations with respect to liens, indebtedness, distributions, mergers, consolidations, investments, restricted payments and asset sales, as well as financial maintenance covenants. The Company was in compliance with its financial covenants under its Credit Facility at December 31, 2015 . Also, our present financing policy prohibits incurring debt (secured or unsecured) in excess of 40% of our total book capitalization.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Common Stock The following table provides a reconciliation of the beginning and ending common stock balances for the year ended December 31, 2015 and for the period March 28, 2014 (inception) through December 31, 2014: Year Ended December 31, 2015 For the Period March 28, 2014 (inception) through December 31, 2014 Balance, beginning of period 200,000 — Issuance of common stock 7,311,183 200,000 Restricted stock issued 85,757 — Balance, end of period 7,596,940 200,000 Equity Offerings On May 27, 2015, the Company completed its initial public offering of 7,187,500 shares of its common stock, par value $ 0.01 per share, at a public offering price of $ 19.00 per share, which includes 937,500 shares of common stock issued in connection with the exercise in full of the underwriters’ option to purchase additional shares. The Company received net proceeds of approximately $ 125.2 million from the offering. In addition, on May 27, 2015, 123,683 shares of common stock, par value $ 0.01 per share, were issued in concurrent private placements to certain directors and officers of the Company. The Company received approximately $ 2.3 million in net proceeds from the concurrent private placements. The offer and sale of these private placement shares were not registered under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemption from registration under Section 4(a)(2) of the Securities Act as such transactions did not involve a public offering of securities. On March 31, 2014, the Company issued 200,000 shares of common stock to its officers as founder's shares in connection with the formation of the Company. Dividends Declared During 2015, the Company declared and paid dividends as shown in the table below. Declaration Date Record Date Date Paid Amount Per Share August 6, 2015 August 20, 2015 September 3, 2015 $0.142 November 6, 2015 November 20, 2015 December 4, 2015 $0.375

Loss Per Common Share

Loss Per Common Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Loss Per Common Share	Loss Per Common Share The following table sets forth the computation of basic and diluted loss per common share. Year Ended December 31, For the Period March 28, 2014 (inception) through December 31, (Dollars in thousands, except per share data) 2015 2014 Net loss $ (1,456 ) $ — Weighted Average Common Shares Outstanding Weighted average Common Shares outstanding 4,778,144 200,000 Unvested restricted stock (51,219 ) — Weighted average Common Shares outstanding–Basic 4,726,925 200,000 Weighted average Common Shares–Basic 4,726,925 200,000 Dilutive effect of restricted stock — — Weighted average Common Shares outstanding –Diluted 4,726,925 200,000 Basic Loss per Common Share $ (0.31 ) $ — Diluted Loss per Common Share $ (0.31 ) $ — The dilutive effect of 9,927 shares of restricted common stock were excluded from the calculation of diluted loss per common share for the year ended December 31, 2015 , because the effect was anti-dilutive due to the net loss incurred during the period.

Incentive Plan

Incentive Plan	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Incentive Plan	Incentive Plan 2014 Incentive Plan The 2014 Incentive Plan (the "Incentive Plan") authorizes the Company to issue 525,782 shares of common stock to its employees and directors, as well as grant awards in the form of cash. The Incentive Plan will automatically terminate in 10 years unless terminated earlier by the Company's Board of Directors. As of December 31, 2015 , the Company had issued a total of 85,757 shares under the Incentive Plan for compensation-related awards to its employees and directors, with 440,025 shares remaining at December 31, 2015 which had not been issued. Shares issued under the Incentive Plan are generally subject to long-term, fixed vesting periods of three to eight years. If an employee or director voluntarily terminates his or her relationship with the Company or is terminated for cause before the end of the vesting period, the shares are forfeited, at no cost to the Company. Once the shares have been granted, the recipient of the shares has the right to receive dividends and the right to vote the shares. Alignment of Interest Program The Company's Alignment of Interest Program under the Incentive Plan is designed to provide the Company's employees and directors with an incentive to remain with the Company and to incentivize long-term growth and profitability. Under the Alignment of Interest Program, employees may elect to defer up to 100% of their base salary and directors may elect to defer up to 100% of their director fees, subject to the Incentive Plans long-term, fixed vesting periods. The number of shares granted will be increased through a Company match depending on the length of the vesting period selected by the employee or director. Employees may select vesting periods of 3 years, 5 years, or 8 years, with a 30% , 50% , and 100% Company match, respectively. Directors may select vesting periods of 1 year, 2 years, or 3 years, with a 20% , 40% , or 60% Company match, respectively. On May 28, 2015, the Company granted 69,125 shares of restricted common stock to its officers, in lieu of salary, that will cliff vest in eight years. On May 28, 2015, the Company also granted its directors 5,264 shares of restricted common stock upon completion of the initial public offering and granted 11,368 shares of restricted common stock to its directors, in lieu of director fees, which will cliff vest in three years. Compensation expense recognized during the year ended December 31, 2015 from the amortization of the value of shares over the vesting period was approximately $ 0.2 million . Officer Incentive Program The Company's Officer Incentive Program under the Incentive Plan is designed to provide incentives to the Company's officers that are designed to reward its officers for individual, as well as Company performance in the form of cash or restricted stock. Company performance will be based on performance targets, including funds from operations ("FFO"), dividend payout percentages, as well as the Company's relative total stockholder return performance over one -year and three -year periods, measured against the Company's peer group, as determined by the Company's Board of Directors each year. Officers may elect, in the year prior to an award, to receive awards under the Officer Incentive Program in cash or restricted stock and may elect, in the year prior to an award, a vesting period as discussed under the Alignment of Interest Program. As of December 31, 2015 , no awards had been issued under the Officer Incentive Program. Summary A summary of the activity under the Incentive Plan and related information for the year ended December 31, 2015 is included in the table below. No shares were issued under the Incentive Plan during 2014. Year Ended December 31, 2015 Stock-based awards, beginning of year — Stock in lieu of compensation 41,669 Stock awards 44,088 Total Granted 85,757 Stock-based awards, end of year 85,757 Weighted average grant date fair value of: Stock-based awards, beginning of year $ — Stock-based awards granted during the year $ 19.65 Stock-based awards, end of year $ 19.65 Grant date fair value of shares granted during the year $ 1,685,125 The vesting periods for the non-vested shares granted during 2015 ranged from three to eight years with a weighted-average amortization period remaining as of December 31, 2015 of approximately 6.4 years.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other assets consists primarily of receivables, straight-line rent receivables, prepaids, deferred financing costs, and above-market intangible assets. Items included in "Other assets, net" on the Company's Consolidated Balance Sheets as of December 31, 2015 and 2014 are detailed in the table below. December 31, (Dollars in thousands) 2015 2014 Accounts receivable $ 995 $ — Straight-line rent receivables 133 — Allowance for doubtful accounts (71 ) — Prepaid assets 227 — Deferred financing costs, net 706 — Above-market intangible assets, net 50 — Other 84 — $ 2,124 $ —

Intangible Assets and Liabiliti

Intangible Assets and Liabilities Intangible Assets and Liabilities	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Liabilities	Intangible Assets and Liabilities The Company has deferred financings costs and and various real estate acquisition lease intangibles included in its Consolidated Balance Sheet as of December 31, 2015 and 2014 as detailed in the table below. Gross Balance at December 31, Accumulated Amortization at December 31, Weighted Average (Dollars in thousands) 2015 2014 2015 2014 Remaining Life (Years) Balance Sheet Classification Deferred financing costs $ 873 $ — $ 167 $ — 2.4 Other assets Above-market lease intangibles 65 — 15 — 2.0 Other assets Below-market lease intangibles (357 ) — (32 ) — 5.9 Other liabilities At-market lease intangibles 21,406 — 3,724 — 3.3 Real estate properties 21,987 — 3,874 — 3.2 Expected future amortization, net, for the next five years of the Company's intangible assets and liabilities, in place as of December 31, 2015 are included in the table below. (in thousands) Amortization, net 2016 $ 7,204 2017 5,269 2018 2,761 2019 1,449 2020 623

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Tenant improvements The Company may provide tenant improvement allowances in new or renewal leases for the purpose of refurbishing or renovating tenant space. The Company may also assume tenant improvement obligations included in leases acquired in its real estate acquisitions. During 2015, the Company assumed $0.3 million in tenant improvement allowances relating to two tenants whose leases expire in 2018 and 2020. Capital Improvements The Company has entered into contracts with various vendors for various capital improvement projects related to its portfolio. Some of these expenditures will be subsequently billed and reimbursed by tenants as provided for in their leases with the Company. Also, the Company is completing improvements to its new corporate office. As of December 31, 2015 , the Company had commitments of approximately $0.3 million that is expected to be spent on these capital improvement projects. Legal Proceedings The Company is not aware of any pending or threatened litigation that, if resolved against the Company, would have a material adverse effect on the Company's Consolidated Financial Statements.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts of cash and cash equivalents, receivables and payables are a reasonable estimate of their fair value as of December 31, 2015 and 2014 due to their short-term nature. The carrying amount of the Company's revolving credit facility estimates its fair value as of December 31, 2015 as its interest rate varies with the market. The Company funded an $11.0 million mortgage note receivable on September 30, 2015 at a fixed rate of 9.5% per annum. The Company calculates the estimated fair value of its mortgage notes based either on cash flow analyses at an assumed market rate of interest or at a rate consistent with the rates on mortgage notes acquired by the Company recently. The Company believes that the fair value of the Company's $11.0 million mortgage notes receivable at December 31, 2015 was approximately $11.0 million , using level 2 inputs.

Other Data

Other Data	12 Months Ended
	Dec. 31, 2015
Other Data [Abstract]
Other Data	Other Data Taxable Income (unaudited) The Company has elected to be taxed as a REIT, as defined under the Internal Revenue Code. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it currently distribute at least 90% of its taxable income to its stockholders. We have also elected for one subsidiary to be treated as a taxable REIT subsidiary ("TRS"), which is subject to federal and state income taxes. All entities other than the TRS are collectively referred to as "the REIT" within this Note 13. The REIT generally will not be subject to federal income tax on taxable income it distributes currently to its stockholders. Accordingly, no provision for federal income taxes for the REIT has been made in the accompanying Consolidated Financial Statements. If the REIT fails to qualify as a REIT for any taxable year, then it will be subject to federal income taxes at regular corporate rates, including any applicable alternative minimum tax, and may not be able to qualify as a REIT for four subsequent taxable years. Even if the REIT continues to qualify as a REIT, it may be subject to certain state and local taxes on its income and property and to federal income and excise tax on its undistributed taxable income. The Company's provision for income taxes is as follows for the year ended December 31, 2015. There were no operations, and therefore, no income taxes prior to 2015: (Dollars in thousands) Year Ended December 31, 2015 Current $ — Deferred 10 Total $ 10 The provision for income taxes for the year ended December 31, 2015 primarily relates to temporary differences between the bases of assets of the Company's TRS for financial reporting purposes and the bases of those assets for income tax purposes. The expense provided is included in general and administrative expense on the Company's Consolidated Statements of Comprehensive Loss. On a tax-basis, the Company’s gross real estate assets totaled approximately $133.0 million (unaudited) and $0 , respectively, as of December 31, 2015 and 2014 . The following table reconciles the Company’s consolidated net loss to taxable income for the year ended December 31, 2015 . There were no operations in 2014. (Dollars in thousands) Year Ended December 31, 2015 Net loss $ (1,456 ) Reconciling items to taxable income: Depreciation and amortization 3,806 Straight-line rent (133 ) Receivable allowance 71 Stock-based compensation 121 Deferred rent 529 Other (86 ) 4,308 Taxable income (1) $ 2,852 Dividends paid $ 3,883 __________ (1) Before REIT dividend paid deduction. Characterization of Distributions (unaudited) Earnings and profits (as defined under the Internal Revenue Code), the current and accumulated amounts of which determine the taxability of distributions to stockholders, vary from net income attributable to common stockholders and taxable income because of different depreciation recovery periods, depreciation methods, and other items. Distributions in excess of earnings and profits generally constitute a return of capital. The following tables shows the characterization of the distributions on the Company's common stock for the year ended December 31, 2015. The Company did not have any operations prior to its initial public offering completed on May 27, 2015 and did not pay dividends for any period beginning prior to its initial public offering. Also, no preferred shares have been issued by the Company. As such, no dividends have been paid to date relating to preferred shares. 2015 Per Share % Common stock: Ordinary income $ 0.396 76.6 % Return of capital 0.121 23.4 % Common stock distributions $ 0.517 100.0 %

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Concurrent Private Placements Concurrently with the completion of the Company’s initial public offering, Timothy G. Wallace, our Chairman, Chief Executive Officer and President, and certain of our officers and directors acquired common stock through concurrent private placements at a price per share equal to the initial public offering price. See Note 6 for further details. Reimbursement of Costs to Athena Funding Partners AFP, which is substantially owned and controlled by Timothy G. Wallace, the Company’s Chairman, Chief Executive Officer and President, advanced or incurred on the Company’s behalf costs related to the activities prior to the offering, including the Company’s organization, negotiating the property acquisitions, performing due diligence related to the initial properties, performing corporate work in contemplation of the offering and preparing the prospectus. Costs incurred included expenses such as legal and accounting fees, certain costs related to performing property due diligence, certain property related costs, travel, overhead, office supplies and office rent. On April 1, 2014, the Company entered into a formation services agreement with AFP pursuant to which the Company agreed to reimburse the actual costs incurred by AFP only upon the successful completion of the initial public offering. The Company reimbursed AFP approximately $ 0.4 million during 2015. AFP will receive no further compensation for providing such services and funding such costs.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Real Estate Investments In January 2016, the Company acquired two real estate properties totaling approximately 59,500 square feet for an aggregate purchase price of approximately $9.5 million , including cash consideration of approximately $9.5 million . Upon acquisition, the properties were 89.4% leased with lease expiration dates through 2025 . In January 2016, the Company funded a $12.5 million mortgage secured by a 85,000 square foot behavioral facility in Illinois which matures on January 31, 2027 . The Company received a loan fee from the transaction totaling $93,750 which has been deferred and will be recognized into income on a straight-line basis. The mortgage loan requires interest only payments to us of 11.0% per annum through January 2017 and has a stated fixed interest rate of 9.5% per annum thereafter in which monthly principal and interest payments will be due through maturity. The Company has an option to purchase the property through January 13, 2017 for a fixed amount. These investments were funded with proceeds from the Credit Facility. Dividend Declared On February 8, 2016 , the Company’s Board of Directors declared a quarterly common stock dividend in the amount of $ 0.3775 per share. The dividend is payable on March 4, 2016 to stockholders of record on February 19, 2016 . Restricted Stock Issuances On January 15, 2016 , pursuant to the Alignment of Interest Program, the Company granted 117,714 shares of restricted common stock to its employees, in lieu of salary, that will cliff vest in eight years. Of the shares granted, 58,857 shares of restricted stock were granted in lieu of compensation and 58,857 shares of restricted stock were awards granted by the Company.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (unaudited) Selected Quarterly Financial Data (unaudited)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (unaudited)	Selected Quarterly Financial Data (unaudited) Quarterly financial information for the year ended December 31, 2015 is summarized below. The Company completed its initial public offering on May 27, 2015. There were no operations for the Company prior to its initial public offering. Quarter Ended (Dollars in thousands, except per share data) March 31 June 30 September 30 December 31 Revenues $ — $ 836 $ 3,240 $ 4,556 Expenses (1) — 2,318 3,185 4,256 Other income (expense) — (27 ) (122 ) (179 ) Net income (loss) $ — $ (1,509 ) $ (67 ) $ 121 Net income (loss) per basic common share $ — $ (0.42 ) $ (0.01 ) $ 0.02 Net income (loss) per diluted common share $ — $ (0.42 ) $ (0.01 ) $ 0.02 __________ (1) Expenses include approximately $1.6 million related to the Company's initial public offering and acquisition of 40 properties.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II - Valuation and Qualifying Accounts for the year ended December 31, 2015 and for the period from March 28, 2014 (inception) through December 31, 2014 (Dollars in thousands) Additions Description Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Uncollectible Accounts Written-off Balance at End of Period 2015 Accounts receivable allowance $ — $ 71 $ — $ — $ 71 2014 Accounts receivable allowance $ — $ — $ — $ — $ —

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	Schedule III - Real Estate and Accumulated Depreciation at December 31, 2015 (Dollars in thousands) Land Buildings, Improvements, and Lease Intangibles Property Type Number of Properties State Initial Investment Costs Capitalized Subsequent to Acquisition Total Initial Investment Costs Capitalized Subsequent to Acquisition Total Personal Property Total Property (1) Accumulated Depreciation (2) Encumbrances Date Acquired Original Date Constructed Medical office buildings 12 AL, FL, GA, IL, KS, KY, OH, TX $ 6,676 $ — $ 6,676 $ 52,671 $ 529 $ 53,200 $ — $ 59,876 $ 2,362 $ — 2015 1979-2009 Physician clinics 11 AL, AZ, FL, KS, PA, VA, WI 2,984 — 2,984 27,543 97 27,640 — 30,624 1,139 — 2015 1982-2009 Ambulatory surgery centers 7 AZ, CO, MI, OH, PA, SC, TX 2,082 — 2,082 19,033 5 19,038 — 21,120 862 — 2015 1979-2004 Dialysis clinics 6 CO, GA, KY, OH, TN, TX 789 — 789 11,941 23 11,964 — 12,753 539 — 2015 1960-2005 Oncology centers 3 AL 415 — 415 4,385 — 4,385 — 4,800 290 — 2015 1995-2006 Behavioral facilities 1 IN 270 — 270 2,651 — 2,651 — 2,921 11 — 2015 2001 Total Real Estate 40 13,216 — 13,216 118,224 654 118,878 — 132,094 5,203 — Corporate property — — — — 700 138 838 35 873 — — Total Properties 40 $ 13,216 $ — $ 13,216 $ 118,924 $ 792 $ 119,716 $ 35 $ 132,967 $ 5,203 $ — (1) Total properties as of December 31, 2015 have an estimated aggregate total cost of $ 133.0 million (unaudited) for federal income tax purposes. (2) Depreciation is provided for on a straight-line basis on buildings and improvements over 2.3 years to 40.0 years , lease intangibles over 1.2 years to 9.3 years , and personal property over 3.0 years . (3) A reconciliation of Total Property and Accumulated Depreciation for the year ended December 31, 2015 and for the period from March 28, 2014 (inception) through December 31, 2014 is provided below. Year Ended December 31, 2015 Period from March 28, 2014 (inception) through December 31, 2014 (Dollars in thousands) Total Property Accumulated Depreciation Total Property Accumulated Depreciation Beginning Balance $ — $ — $ — $ — Additions during the period: Acquisitions 132,140 5,203 — — Other improvements 827 — — — Ending Balance $ 132,967 $ 5,203 $ — $ —

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]
Schedule IV - Mortgage Loans on Real Estate	Schedule IV - Mortgage Loans on Real Estate as of December 31, 2015 (Dollars in thousands) Description of Collateral Interest Rate Maturity Date Periodic Payment Terms Original Face Amount Carrying Amount (2) (3) Balloon Long-term care acute care facility in Louisiana (3) 9.5 % 9/30/2026 (1) $ 11,000 $ 10,897 — Total Mortgage Loans $ 10,897 (1) Interest only until September 30, 2016. Thereafter, principal and interest payments are due monthly through the maturity date. (2) Includes deferred loan and commitment fees of approximately $138,000 . (3) First mortgage with an option, expiring on September 30, 2016, to purchase the property securing the mortgage. (4) A rollforward of Mortgage loans on real estate for the year ended December 31, 2015 and for the period from March 28, 2014 (inception) through December 31, 2014 is provided below. Year Ended December 31, 2015 For the period March 28, 2014 (inception) through December 31, 2014 Balance at beginning of period $ — $ — Additions during the period: New or acquired mortgages, net 10,862 — Amortization of loan and commitment fees 35 — 10,897 — Deductions during the period: Scheduled principal payments — — — — Balance at end of period (a) $ 10,897 $ — (a) Total mortgage loans as of December 31, 2015 had an aggregate total cost of $11.0 million (unaudited) for federal income tax purposes.

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation Our Consolidated Financial Statements include the accounts of the Company, its wholly owned subsidiaries, joint ventures, partnerships and variable interest entities, or VIEs, where the Company controls the operating activities. Management must make judgments regarding the Company's level of influence or control over an entity and whether or not the Company is the primary beneficiary of a variable interest entity. Consideration of various factors include, but is not limited to, the Company's ability to direct the activities that most significantly impact the entity's governing body, the size and seniority of the Company's investment, the Company's ability and the rights of other investors to participate in policy making decisions, the Company's ability to replace the manager and/or liquidate the entity. Management's ability to correctly assess its influence or control over an entity when determining the primary beneficiary of a VIE affects the presentation of these entities in the Company's Consolidated Financial Statements. If it is determined that the Company is the primary beneficiary of a VIE, the Company's Consolidated Financial Statements would include the operating results of the VIE rather than the results of the variable interest in the VIE. The Company would depend on the VIE to provide timely financial information and would rely on the interest control of the VIE to provide accurate financial information. Untimely or inaccurate financial information provided to the Company or deficiencies in the VIEs internal controls over financial reporting could impact the Company's Consolidated Financial Statements and its internal control over financial reporting. The Company identified one borrower as a VIE relating to one mortgage note receivable of approximately $11.0 million at December 31, 2015 , but management concluded that the Company was not the primary beneficiary. There were no VIEs at December 31, 2014. All material intercompany accounts, transactions, and balances have been eliminated in the presentation of the Company's Consolidated Financial Statements.
Use of Estimates in the Consolidated Financial Statements	Use of Estimates in the Consolidated Financial Statements Preparation of the Consolidated Financial Statements in accordance with GAAP requires management to make estimates and assumptions that affect amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may materially differ from those estimates.
Segment Reporting	Segment Reporting The Company acquires and owns, or finances, healthcare-related real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. The Company is managed as one reporting unit, rather than multiple reporting units, for internal reporting purposes and for internal decision-making. Therefore, the Company discloses its operating results in a single segment.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents includes short-term investments with original maturities of three months or less when purchased.
Real Estate Properties/Accounting for Acquisitions of Real Estate Properties	Real Estate Properties Real estate properties are recorded at cost or at fair value if acquired in a transaction that is a business combination under ASC 805. Cost or fair value at the time of acquisition is allocated between land, buildings, tenant improvements, lease and other intangibles, and personal property, as applicable. The Company's gross real estate assets, on a financial reporting basis, totaled approximately $ 133.0 million and $ 0 million, respectively, at December 31, 2015 and 2014. Accounting for Acquisitions of Real Estate Properties Real estate properties are recorded at cost or, if acquired through business combination, at fair value. The allocation of real estate property acquisitions may include land, building and improvements, personal property, and identified intangible assets and liabilities (consisting of above- and below-market leases, in-place leases, and tenant relationships) based on the evaluation of information and estimates available at that date in accordance with the provisions of ASC 805 and we allocate the purchase price based on these assessments. We make estimates of the fair value of the tangible and intangible assets and acquired liabilities using information obtained from multiple sources as a result of pre-acquisition due diligence, tax records, and other sources. Based on these estimates, we recognize the acquired assets and liabilities at their estimated fair values. Initial valuations are subject to change until the information is finalized, no later than 12 months from the acquisition date. We expense transaction costs associated with business combinations in the period incurred. In accordance with ASC 805, the fair value of tangible property assets acquired considers the value of the property as if vacant determined by comparable sales and other relevant data. The determination of fair value involves the use of significant judgment and estimation. We value land based on various inputs, which may include internal analysis of recently acquired properties, existing comparable properties within our portfolio, or third party appraisals or valuations based on comparable sales. In recognizing identified intangible assets and liabilities of an acquired property, the value of above-or-below market leases is estimated based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between contractual amounts to be received pursuant to the leases and management’s estimate of market lease rates measured over a period equal to the estimated remaining term of the lease. In the case of a below-market lease, the Company would also evaluate any renewal options associated with that lease to determine if the intangible should include those periods. The capitalized above-market or below-market lease intangibles are amortized as a reduction or addition to rental income over the estimated remaining term of the respective leases. In determining the value of in-place leases and tenant relationships, management considers current market conditions and costs to execute similar leases in arriving at an estimate of the carrying costs during the expected lease-up period from vacant to existing occupancy. In estimating carrying costs, management includes real estate taxes, insurance, other property operating expenses, estimates of lost rental revenue during the expected lease-up periods, and costs to execute similar leases, including leasing commissions. The values assigned to in-place leases and tenant relationships are amortized over the estimated remaining term of the lease. If a lease terminates prior to its scheduled expiration, all unamortized costs related to that lease are written off.
Asset Impairment	Asset Impairments The Company assesses the potential for impairment of identifiable, definite-lived, intangible assets and long-lived assets, including real estate properties, whenever events occur or a change in circumstances indicates that the carrying value might not be fully recoverable. Indicators of impairment may include significant under-performance of an asset relative to historical or expected operating results; significant changes in the Company’s use of assets or the strategy for its overall business; plans to sell an asset before its depreciable life has ended; the expiration of a significant portion of leases in a property; or significant negative economic trends or negative industry trends for the Company or its operators. In addition, the Company’s review for possible impairment may include those assets subject to purchase options and those impacted by casualties, such as tornadoes and hurricanes. If management determines that the carrying value of the Company’s assets may not be fully recoverable based on the existence of any of the factors above, or others, management would measure and record an impairment charge based on the estimated fair value of the property or the estimated fair value less costs to sell the property. No indicators of impairment occurred during 2015 to warrant management to test any of its assets that it acquired during the year for impairment. Therefore, no impairments were recorded in 2015.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. In calculating fair value, a company must maximize the use of observable market inputs, minimize the use of unobservable market inputs and disclose in the form of an outlined hierarchy the details of such fair value measurements. A hierarchy of valuation techniques is defined to determine whether the inputs to a fair value measurement are considered to be observable or unobservable in a marketplace. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. This hierarchy requires the use of observable market data when available. These inputs have created the following fair value hierarchy: • Level 1 – quoted prices for identical instruments in active markets. • Level 2 – quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and • Level 3 – fair value measurements derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Executed purchase and sale agreements, that are binding agreements, are categorized as level one inputs. Brokerage estimates, letters of intent, or unexecuted purchase and sale agreements are considered to be level three as they are non-binding in nature.
Lease Accounting	Lease Accounting We, as lessor, make a determination with respect to each of our leases whether they should be accounted for as operating leases or capital leases. The classification criteria is based on estimates regarding the fair value of the leased facilities, minimum lease payments, effective cost of funds, the economic useful life of the facilities, the existence of a bargain purchase option, and certain other terms in the lease agreements. We believe all of our leases should be accounted for as operating leases. Payments received under operating leases are accounted for in the Consolidated Statements of Comprehensive Loss as rental income for actual cash rent collected plus or minus a straight-line adjustment for estimated minimum lease escalators. Assets subject to operating leases are reported as real estate investments in the Consolidated Balance Sheets. Substantially all of our leases contain fixed or formula-based rent escalators. To the extent that the escalator increases are tied to a fixed index or rate, lease payments are accounted for on a straight-line basis over the life of the lease.
Revenue Recognition	Revenue Recognition The Company recognizes rental revenue when it is realized or realizable and earned, in accordance with ASC 840. There are four criteria that must all be met before a Company may recognize revenue, including persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered (i.e., the tenant has taken possession of and controls the physical use of the leased asset), the price has been fixed or is determinable, and collectability is reasonably assured. The Company derives most of its revenues from its real estate property and mortgage notes portfolio. The Company's rental and mortgage interest income is recognized based on contractual arrangements with its tenants and borrowers. Rental income is recognized as earned over the life of the lease agreement on a straight-line basis. Recognizing rental revenue on a straight-line basis for leases may result in recognizing revenue in amounts more or less than amounts currently due from tenants. If management determines that the collectability of straight-line rents is not reasonably assured, the amount of future revenue recognized may be limited to amounts contractually owed and, where appropriate, establish an allowance for estimated losses. Straight-line rent included in rental income was approximately $0.1 million for the year ended December 31, 2015. No straight line rent was recognized in 2014. Mortgage interest income is recognized based on the interest rates, maturity dates and amortization periods in accordance with each note agreement. Fees received related to its mortgage notes are amortized to mortgage interest income on a straight-line basis which approximates amortization under the effective interest method. The Company also accrues operating expense recoveries based on the contractual terms of its leases and late fees based on the contractual terms of its leases or notes, which are included in rental income or mortgage interest income, as applicable. Operating expense recoveries and late fees included in rental income were approximately $2.0 million and $40,000 , respectively, for the year ended December 31, 2015. No operating expense recoveries or late fees were recognized in 2014. Income received but not yet earned is deferred until such time it is earned. Deferred revenue, included in other liabilities on the Consolidated Balance Sheet, was approximately $ 0.5 million at December 31, 2015 . No deferred revenue was recognized in 2014.
Allowance for Doubtful Accounts and Credit Losses	Allowance for Doubtful Accounts and Credit Losses Accounts Receivable Management monitors the aging and collectability of its accounts receivable balances on an ongoing basis. Whenever deterioration in the timeliness of payment from a tenant is noted, management investigates and determines the reason or reasons for the delay. Considering all information gathered, management’s judgment is exercised in determining whether a receivable is potentially uncollectible and, if so, how much or what percentage may be uncollectible. Among the factors management considers in determining collectability are: the type of contractual arrangement under which the receivable was recorded (e.g., triple net lease, gross lease, or other type of agreement); the tenant’s reason for slow payment; industry influences under which the tenant operates; evidence of willingness and ability of the tenant to pay the receivable; credit-worthiness of the tenant; collateral, security deposit, letters of credit or other monies held as security; tenant’s historical payment pattern; other contractual agreements between the tenant and the Company; relationship between the tenant and the Company; the state in which the tenant operates; and the existence of a guarantor and the willingness and ability of the guarantor to pay the receivable. Considering these factors and others, management concludes whether all or some of the aged receivable balance is likely uncollectible. Upon determining that some portion of the receivable is likely uncollectible, the Company will record a provision for bad debts for the amount it expects will be uncollectible. When efforts to collect a receivable are exhausted, the receivable amount is charged off against the allowance. At December 31, 2015 and 2014 , the Company had provisions for bad debt of approximately $ 71,000 and $0 , respectively. The Company does not hold any accounts receivable for sale. Mortgage Note Receivable During 2015, the Company funded one mortgage note receivable with a principal balance outstanding as of December 31, 2015 of approximately $11.0 million. The mortgage note matures on September 30, 2026 and bears interest at 9.5% . The Company evaluates collectibility of its mortgage notes and records allowances on the notes as necessary. A loan is impaired when it is probable that a creditor will be unable to collect all amounts due according to the contractual terms of the loan as scheduled, including both contractual interest and principal payments. This assessment also includes an evaluation of the loan collateral. If a mortgage loan becomes past due, the Company will review the specific circumstances and may discontinue the accrual of interest on the loan. The loan is not returned to accrual status until the debtor has demonstrated the ability to continue debt service in accordance with the contractual terms. Loans placed on non-accrual status will be accounted for on a cash basis, in which income is recognized only upon the receipt of cash, or on a cost-recovery basis, in which all cash receipts reduce the carrying value of the loan, based on the Company's expectation of future collectibility. At December 31, 2015 and 2014 , there were no mortgage notes that were either on non-accrual status or were past due more than ninety days and continued to accrue interest. Also, as of December 31, 2015 and 2014 , the Company did not hold any of its mortgage notes available for sale and had not recorded any allowances on its mortgage note receivable.
Stock-based Compensation	Stock-Based Compensation We have adopted the 2014 Incentive Plan. The 2014 Incentive Plan is intended to attract and retain qualified persons upon whom, in large measure, our sustained progress, growth and profitability depend, to motivate the participants to achieve long-term company goals and to more closely align the participants’ interests with those of our other stockholders by providing them with a proprietary interest in our growth and performance. The two distinct programs under the 2014 Incentive Plan are the Alignment of Interest Program and the Officer Incentive Program. Our executive officers, officers, employees, consultants and non-employee directors are eligible to participate in the 2014 Incentive Plan. The 2014 Incentive Plan currently reserves 7% of the Company’s common stock outstanding after the IPO, including any shares of common stock sold by the Company pursuant to the exercise of any over-allotment options, for issuance as awards. The 2014 Incentive Plan is administered by the Company’s compensation committee, which interprets the 2014 Incentive Plan and has broad discretion to select the eligible persons to whom awards will be granted, as well as the type, size and terms and conditions of each award, including the number of shares subject to awards and the expiration date of, and the vesting schedule or other restrictions (including, without limitation, restrictive covenants) applicable to, awards. The Company recognizes share-based payments to its directors and employees in its Consolidated Statements of Comprehensive Loss on a straight-line basis over the requisite service period based on the fair value of the award on the measurement date.
Organization and Offering Costs	Organization and Offering Costs Some of the costs related to the Company’s organization, its initial public offering and due diligence related to the initial properties acquired by the Company were incurred by Athena Funding Partners (“AFP”), which is substantially owned and controlled by Timothy G. Wallace, the Company’s Chairman, Chief Executive Officer and President. The Company entered into a formation services agreement with AFP on April 1, 2014, pursuant to which the Company agreed to reimburse the actual costs incurred by AFP only upon the successful completion of the initial public offering. The costs related to the activities prior to the offering were undertaken by AFP on the Company’s behalf, including the Company’s organization, negotiating the property acquisitions, performing due diligence related to the initial properties, performing corporate work in contemplation of the offering and preparing the Prospectus. Costs incurred include expenses such as legal and accounting fees, certain costs related to performing property due diligence, certain property related costs, travel, overhead, office supplies and office rent. The Company reimbursed AFP approximately $0.4 million during 2015. AFP will receive no further compensation for providing such services and funding such costs. Organization costs incurred by the Company were expensed. Offering costs incurred were recorded in stockholders’ equity as a reduction to additional paid-in capital.
Intangible Assets	Intangible Assets Intangible assets with indefinite lives are not amortized, but are tested at least annually for impairment. Intangible assets with finite lives are amortized over their respective lives to their estimated residual values and are reviewed for impairment only when impairment indicators are present. The Company did not have any indefinite lived intangible assets as of December 31, 2015 and 2014 . Identifiable intangible assets of the Company are generally comprised of in-place and above-market lease intangible assets and below-market lease intangible liabilities, as well as deferred financing costs. In-place lease intangible assets are amortized to depreciation expense on a straight-line basis over the applicable lives of the leases. Above- and below-market lease intangibles are amortized to rental income on a straight-line basis over the applicable lives of the leases. Deferred financing costs are amortized to interest expense over the term of the related credit facility or other debt instrument using the straight-line method, which approximates amortization under the effective interest method.
Contingent Liabilities	Contingent Liabilities From time to time, the Company may be subject to loss contingencies arising from legal proceedings and similar matters. Additionally, while the Company maintains comprehensive liability and property insurance with respect to each of its properties, the Company may be exposed to unforeseen losses related to uninsured or under-insured damages. Management will monitor any matter that may present a contingent liability, and, on a quarterly basis, will review any reserves and accruals relating to the liabilities, adjusting provisions as necessary in view of changes in available information. Liabilities for contingencies are first recorded when a loss is determined to be both probable and can be reasonably estimated. Changes in estimates regarding the exposure to a contingent loss will be reflected as adjustments to the related liability in the periods when they occur and will be disclosed in the notes to the Consolidated Financial Statements. On occasion, the Company may also have acquisitions which include contingent consideration. Accounting for business combinations require the Company to estimate the fair value of any contingent purchase consideration at acquisition. Management will monitor these contingencies on a quarterly basis. Changes in estimates regarding contingent purchase consideration will be reflected as adjustments to the related liability in the periods when they occur and will be disclosed in the notes to the Consolidated Financial Statements. During 2015, the Company recorded approximately $1.2 million in contingent consideration related to two of its acquisitions. See Note 4 for more details.
Federal Income Taxes, Sales and Use Taxes	Income Taxes The Company has elected to be taxed as a REIT, as defined under the Internal Revenue Code. We have also elected for one subsidiary to be treated as a taxable REIT subsidiary ("TRS"), which is subject to federal and state income taxes. No provision has been made for federal income taxes for the REIT, however, the Company has provided federal and state income taxes for the TRS. The Company intends at all times to qualify as a real estate investment trust (“REIT”) under Sections 856 and 860 of the Internal Revenue Code of 1986, as amended. The Company must distribute at least 90% per annum of its REIT taxable income to its stockholders (which is computed without regard to the dividends paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with generally accepted accounting principles) and meet other requirements to continue to qualify as a real estate investment trust. See further discussion in Note 13. The Company classifies interest and penalties related to uncertain tax positions, if any, in the Consolidated Financial Statements as a component of general and administrative expenses. No such amounts were recognized during 2015 or 2014. The Company is subject to audit by the Internal Revenue Service and by state taxing authorities for the period from March 28, 2014 through December 31, 2014. Sales and Use Taxes The Company must pay sales and use taxes to certain state tax authorities based on rent collected from tenants in properties located in those states. The Company is generally reimbursed for those taxes by those tenants. The Company accounts for the payments to the taxing authority and subsequent reimbursement from the tenant on a net basis, included in tenant reimbursement revenue on the Company’s Consolidated Statements of Comprehensive Loss.
Concentration of Credit Risk	Concentration of Credit Risks Our credit risks primarily relate to cash and cash equivalents and our one mortgage note receivable. Cash and cash equivalents are primarily held in bank accounts and overnight investments. We maintain our bank deposit accounts with large financial institutions in amounts that often exceed federally-insured limits. We have not experienced any losses in such accounts. We invested in one fixed rate mortgage note during the third quarter of 2015 and have a fixed price purchase option on the secured property through September 30, 2016. See Note 4 for more details.
Earnings Per Share	Earnings per Share Basic earnings per common share is calculated using weighted average shares outstanding less issued and outstanding non-vested shares of common stock. Diluted earnings per common share is calculated using weighted average shares outstanding plus the dilutive effect of the non-vested shares of common stock using the treasury stock method and the average stock price during the period.
New Accounting Pronouncements	New Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update ("ASU") No. 2016-02, Leases . This standard requires a lessor to classify leases as either sales-type, finance or operating. A lease will be treated as a sale if it transfers all of the risks and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are conveyed without the transfer of control, the lease is treated as a financing. If the lessor doesn’t convey risks and rewards or control, an operating lease results. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessors for sales-type, direct financing, and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. We are currently evaluating the impact of our pending adoption of the new standard on our Consolidated Financial Statements. In September 2015, the FASB issued ASU No. 2015-16, Simplifying the Accounting for Measurement-Period Adjustments. This standard eliminates the requirement that an acquirer in a business combination account for measurement-period adjustments retrospectively. Instead, an acquirer will recognize measurement-period adjustments, including its effect on earnings and goodwill, in the period in which the amount of the adjustment is determined. This standard is effective for us beginning January 1, 2016. In general, we do not believe the adoption of this standard will have a material impact on our results of operations or cash flows. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. This standard requires debt issuance costs to be reported in the balance sheet as a direct reduction from the face amount of the note in which it is directly related. The SEC staff has indicated that it will not object to an entity deferring and presenting debt issuance costs related to lines-of-credit as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. This standard is effective for us beginning January 1, 2016, on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. The Company intends on continuing to present our debt issuance costs related to our line-of-credit as an asset. Therefore, we do not expect the adoption of this standard to have an impact on our consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09, as amended by ASU No. 2015-14, Revenue from Contracts with Customers , a comprehensive new revenue recognition standard that supersedes most existing revenue recognition guidance, including sales of real estate. This standard's core principle is that a company will recognize revenue when it transfers goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods and services. However, leasing contracts, representing the major source of the Company's revenues, are not within the scope of the new standard and will continue to be accounted for under existing standards. This new standard is effective for the Company for annual and interim periods beginning on January 1, 2018 with early adoption permitted in 2017. The Company has not yet determined the effects on the consolidated financial statements and related notes resulting from the adoption of this new standard. In February 2015, the FASB issued ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis . This standard includes changes to both the variable interest model and the voting model, including changes to (1) the identification of variable interests (fees paid to a decision maker or service provider), (2) the variable interest entity characteristics for a limited partnership or similar entity, and (3) the primary beneficiary determination. This standard is effective for us beginning January 1, 2016. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule of property, plant, and equipment estimated useful lives	The estimated useful lives at December 31, 2015 are as follows: Buildings and improvements 2.3 years - 40 years Lease intangibles 1.2 years - 9.3 years Personal property 3.0 years

Real Estate Investments (Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Schedule of real estate property investments	As of December 31, 2015 , the Company had investments of approximately $143.9 million in 41 real estate properties and mortgage notes receivable. The following table summarizes the Company's investments. (Dollars in thousands) Number of Facilities Land Buildings, Improvements, and Lease Intangibles Personal Property Total Accumulated Depreciation Medical office: Alabama 2 $ 360 $ 2,176 $ — $ 2,536 $ — Florida 2 740 11,010 — 11,750 76 Georgia 1 366 3,088 — 3,454 213 Illinois 1 821 8,644 — 9,465 295 Kansas 2 1,379 10,497 — 11,876 784 Kentucky 1 484 4,122 — 4,606 129 Ohio 1 33 3,671 — 3,704 254 Texas 2 2,493 9,992 — 12,485 610 12 6,676 53,200 — 59,876 2,361 Physician clinics: Alabama 1 533 2,663 — 3,196 — Arizona 1 41 1,594 — 1,635 115 Florida 3 — 5,950 — 5,950 115 Kansas 3 1,558 10,713 — 12,271 391 Pennsylvania 1 330 2,770 — 3,100 305 Virginia 1 110 1,362 — 1,472 74 Wisconsin 1 412 2,588 — 3,000 141 11 2,984 27,640 — 30,624 1,141 Ambulatory surgery centers: Arizona 1 227 2,473 — 2,700 132 Colorado 1 375 2,325 — 2,700 39 Michigan 1 300 5,595 — 5,895 71 Ohio 1 188 1,382 — 1,570 130 Pennsylvania 1 149 1,301 — 1,450 63 South Carolina 1 315 1,890 — 2,205 217 Texas 1 528 4,072 — 4,600 209 7 2,082 19,038 — 21,120 861 Dialysis clinics: Colorado 1 259 2,791 — 3,050 124 Georgia 1 62 1,038 — 1,100 61 Kentucky 1 193 3,423 — 3,616 161 Ohio 1 66 1,184 — 1,250 74 Tennessee 1 28 572 — 600 21 Texas 1 181 2,956 — 3,137 98 6 789 11,964 — 12,753 539 Oncology centers: Alabama 3 415 4,385 — 4,800 290 3 415 4,385 — 4,800 290 Behavioral facilities: Indiana 1 270 2,651 — 2,921 11 1 270 2,651 — 2,921 11 Corporate property — — 838 35 873 — Total owned properties 40 $ 13,216 $ 119,716 $ 35 $ 132,967 $ 5,203 Mortgage note receivable, net 1 — — — 10,897 — Total real estate investments 41 $ 13,216 $ 119,716 $ 35 $ 143,864 $ 5,203

Real Estate Leases (Tables)

Real Estate Leases (Tables)	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Schedule of future minimum lease payments for operating leases	Future minimum lease payments under the non-cancelable operating leases due the Company for the years ending December 31, as of December 31, 2015 , are as follows (in thousands): 2016 $ 12,558 2017 10,850 2018 8,523 2019 6,014 2020 4,867 2021 and thereafter 21,123 $ 63,935

Real Estate Acquisitions (Table

Real Estate Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Schedule of assets acquired and liabilities assumed	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the property acquisitions during 2015. Estimated Fair Value Estimated Useful Life (In thousands) (In years) Land $ 13,216 Buildings 97,518 20 - 40 Intangibles: At-market lease intangibles 21,406 1.2 - 9.3 Above-market lease intangibles 65 2.6 Below-market lease intangibles (357 ) 6.1 - 7.8 Total intangibles 21,114 Accounts receivable and other assets assumed 18 Accounts payable, accrued liabilities and other liabilities assumed (1) (1,040 ) Contingent liabilities (1,190 ) Prorated rent and operating expense reimbursement amounts collected (686 ) Expenses paid, including closing costs 832 Total cash consideration $ 129,782 (1) Includes security deposits received, property taxes payable prior to the acquisition, and a tenant improvement allowance.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Schedule of reconciliation of common stock	The following table provides a reconciliation of the beginning and ending common stock balances for the year ended December 31, 2015 and for the period March 28, 2014 (inception) through December 31, 2014: Year Ended December 31, 2015 For the Period March 28, 2014 (inception) through December 31, 2014 Balance, beginning of period 200,000 — Issuance of common stock 7,311,183 200,000 Restricted stock issued 85,757 — Balance, end of period 7,596,940 200,000
Schedule of dividends declared and paid	During 2015, the Company declared and paid dividends as shown in the table below. Declaration Date Record Date Date Paid Amount Per Share August 6, 2015 August 20, 2015 September 3, 2015 $0.142 November 6, 2015 November 20, 2015 December 4, 2015 $0.375

Loss Per Common Share (Tables)

Loss Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of earnings per share	The following table sets forth the computation of basic and diluted loss per common share. Year Ended December 31, For the Period March 28, 2014 (inception) through December 31, (Dollars in thousands, except per share data) 2015 2014 Net loss $ (1,456 ) $ — Weighted Average Common Shares Outstanding Weighted average Common Shares outstanding 4,778,144 200,000 Unvested restricted stock (51,219 ) — Weighted average Common Shares outstanding–Basic 4,726,925 200,000 Weighted average Common Shares–Basic 4,726,925 200,000 Dilutive effect of restricted stock — — Weighted average Common Shares outstanding –Diluted 4,726,925 200,000 Basic Loss per Common Share $ (0.31 ) $ — Diluted Loss per Common Share $ (0.31 ) $ —

Incentive Plan (Tables)

Incentive Plan (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Nonvested Restricted Stock Shares Activity [Table Text Block]	A summary of the activity under the Incentive Plan and related information for the year ended December 31, 2015 is included in the table below. No shares were issued under the Incentive Plan during 2014. Year Ended December 31, 2015 Stock-based awards, beginning of year — Stock in lieu of compensation 41,669 Stock awards 44,088 Total Granted 85,757 Stock-based awards, end of year 85,757 Weighted average grant date fair value of: Stock-based awards, beginning of year $ — Stock-based awards granted during the year $ 19.65 Stock-based awards, end of year $ 19.65 Grant date fair value of shares granted during the year $ 1,685,125

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other assets	Items included in "Other assets, net" on the Company's Consolidated Balance Sheets as of December 31, 2015 and 2014 are detailed in the table below. December 31, (Dollars in thousands) 2015 2014 Accounts receivable $ 995 $ — Straight-line rent receivables 133 — Allowance for doubtful accounts (71 ) — Prepaid assets 227 — Deferred financing costs, net 706 — Above-market intangible assets, net 50 — Other 84 — $ 2,124 $ —

Intangible Assets and Liabili36

Intangible Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of deferred financings costs and various real estate acquisition lease intangibles	The Company has deferred financings costs and and various real estate acquisition lease intangibles included in its Consolidated Balance Sheet as of December 31, 2015 and 2014 as detailed in the table below. Gross Balance at December 31, Accumulated Amortization at December 31, Weighted Average (Dollars in thousands) 2015 2014 2015 2014 Remaining Life (Years) Balance Sheet Classification Deferred financing costs $ 873 $ — $ 167 $ — 2.4 Other assets Above-market lease intangibles 65 — 15 — 2.0 Other assets Below-market lease intangibles (357 ) — (32 ) — 5.9 Other liabilities At-market lease intangibles 21,406 — 3,724 — 3.3 Real estate properties 21,987 — 3,874 — 3.2
Schedule of expected future amortization expense, net	Expected future amortization, net, for the next five years of the Company's intangible assets and liabilities, in place as of December 31, 2015 are included in the table below. (in thousands) Amortization, net 2016 $ 7,204 2017 5,269 2018 2,761 2019 1,449 2020 623

Other Data (Tables)

Other Data (Tables)	12 Months Ended
	Dec. 31, 2015
Other Data [Abstract]
Provision for Income Taxes	The Company's provision for income taxes is as follows for the year ended December 31, 2015. There were no operations, and therefore, no income taxes prior to 2015: (Dollars in thousands) Year Ended December 31, 2015 Current $ — Deferred 10 Total $ 10
Reconciliation of consolidated net income to taxable income	The following table reconciles the Company’s consolidated net loss to taxable income for the year ended December 31, 2015 . There were no operations in 2014. (Dollars in thousands) Year Ended December 31, 2015 Net loss $ (1,456 ) Reconciling items to taxable income: Depreciation and amortization 3,806 Straight-line rent (133 ) Receivable allowance 71 Stock-based compensation 121 Deferred rent 529 Other (86 ) 4,308 Taxable income (1) $ 2,852 Dividends paid $ 3,883 __________ (1) Before REIT dividend paid deduction.
Characterization of common stock distributions	The following tables shows the characterization of the distributions on the Company's common stock for the year ended December 31, 2015. The Company did not have any operations prior to its initial public offering completed on May 27, 2015 and did not pay dividends for any period beginning prior to its initial public offering. Also, no preferred shares have been issued by the Company. As such, no dividends have been paid to date relating to preferred shares. 2015 Per Share % Common stock: Ordinary income $ 0.396 76.6 % Return of capital 0.121 23.4 % Common stock distributions $ 0.517 100.0 %

Selected Quarterly Financial 38

Selected Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	Quarterly financial information for the year ended December 31, 2015 is summarized below. The Company completed its initial public offering on May 27, 2015. There were no operations for the Company prior to its initial public offering. Quarter Ended (Dollars in thousands, except per share data) March 31 June 30 September 30 December 31 Revenues $ — $ 836 $ 3,240 $ 4,556 Expenses (1) — 2,318 3,185 4,256 Other income (expense) — (27 ) (122 ) (179 ) Net income (loss) $ — $ (1,509 ) $ (67 ) $ 121 Net income (loss) per basic common share $ — $ (0.42 ) $ (0.01 ) $ 0.02 Net income (loss) per diluted common share $ — $ (0.42 ) $ (0.01 ) $ 0.02 __________ (1) Expenses include approximately $1.6 million related to the Company's initial public offering and acquisition of 40 properties.

Summary of Significant Accoun39

Summary of Significant Accounting Policies - Business Overview (Details)	Mar. 28, 2014	May. 31, 2015USD ($)shares	Dec. 31, 2014shares	Dec. 31, 2015USD ($)ft²statereal_estate_propertyshares	Sep. 30, 2015ft²	Jun. 30, 2015ft²	Jun. 03, 2015USD ($)
Accounting Policies [Abstract]
General partner ownership	100.00%
Value of real estate property investments and mortgages				$ 143,864,000
Number of real estate properties | real_estate_property				41
Number of states in which real estate investments are in | state				18
Area of real estate property (in square feet) | ft²				789,500	71,153	474,303
Subsidiary, Sale of Stock [Line Items]
Shares of common stock issued | shares			200,000	7,311,183
Net proceeds from initial public offering		$ 125,200,000
Net proceeds from private placement		$ 2,300,000
Senior Revolving Credit Facility [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]
Subsidiary, Sale of Stock [Line Items]
Maximum borrowing capacity							$ 75,000,000
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Shares of common stock issued | shares		7,187,500
Private Placement [Member]
Subsidiary, Sale of Stock [Line Items]
Shares of common stock issued | shares		123,683

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Consolidation and Segments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)reporting_unitmortgage_note_receivableborrower	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)borrower	Mar. 27, 2014USD ($)
Accounting Policies [Abstract]
Number of reporting units | reporting_unit	1
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of mortgage note receivables | mortgage_note_receivable	1
Mortgage note receivable | $	$ 10,897		$ 0	$ 0
Mortgage Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of borrowers identified as VIE | borrower	1		0
Number of mortgage note receivables | mortgage_note_receivable	1
Mortgage note receivable | $	$ 11,000	$ 11,000

Summary of Significant Accoun41

Summary of Significant Accounting Policies - Real Estate Properties and Mortgage Note Receivable (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Mar. 27, 2014
Real Estate Properties [Line Items]
Total real estate properties		$ 132,967	$ 0
Mortgage note receivable		10,897	$ 0	$ 0
Mortgage Receivable [Member]
Real Estate Properties [Line Items]
Mortgage note receivable	$ 11,000	$ 11,000
Stated fixed interest rate percentage	9.50%	9.50%
Minimum [Member] | Mortgage Receivable [Member]
Real Estate Properties [Line Items]
Stated fixed interest rate percentage		9.50%
Building and improvements [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Estimated useful life (in years)		2 years 4 months
Building and improvements [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Estimated useful life (in years)		40 years
Lease intangibles [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Estimated useful life (in years)		1 year 2 months 12 days
Lease intangibles [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Estimated useful life (in years)		9 years 3 months 19 days
Personal Property [Member]
Real Estate Properties [Line Items]
Estimated useful life (in years)		3 years

Summary of Significant Accoun42

Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($)	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Deferred Revenue Arrangement [Line Items]
Straight-line rent	$ 0	$ 133,000	$ 0
Operating expense recoveries		2,000,000	0
Late fees		40,000	0
Provision for bad debts	0	71,000	0
Other Liabilities [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenue	$ 0	$ 500,000	$ 0

Summary of Significant Accoun43

Summary of Significant Accounting Policies - Share-Based Compensation (Details) - 2014 Incentive Plan [Member]	12 Months Ended
	Dec. 31, 2015program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of programs under plan	2
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares reserved for future issuance	7.00%

Summary of Significant Accoun44

Summary of Significant Accounting Policies - Organization and Offering Costs (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015mortgage_note_receivable	Dec. 31, 2015USD ($)acquisitionmortgage_note_receivable
Related Party Transaction [Line Items]
Contingent consideration | $		$ 1,190
Number of acquisitions with contingent consideration | acquisition		2
Number of mortgage note receivables | mortgage_note_receivable		1
Number of mortgage notes invested in | mortgage_note_receivable	1
Chairman, Chief Executive Officer and President [Member] | AFP [Member] | Reimbursement of Costs Incurred Associated with Initial Public Offering [Member]
Related Party Transaction [Line Items]
Reimbursement amount | $		$ 400

Real Estate Investments - Addit

Real Estate Investments - Additional Information (Details) $ in Thousands	Dec. 31, 2015USD ($)real_estate_property
Real Estate [Abstract]
Value of real estate property investments and mortgages | $	$ 143,864
Number of real estate properties | real_estate_property	41

Real Estate Investments - Sched

Real Estate Investments - Schedule of Real Estate Property Investments (Details) $ in Thousands	Dec. 31, 2015USD ($)mortgage_note_receivablereal_estate_property	Dec. 31, 2014USD ($)	Mar. 27, 2014USD ($)
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	41
Land	$ 13,216	$ 0
Buildings, Improvements, and Lease Intangibles	119,716	0
Personal Property	35	0
Total real estate properties	132,967	0
Accumulated Depreciation	$ 5,203	0
Number of mortgage note receivables | mortgage_note_receivable	1
Mortgage note receivable, net	$ 10,897	$ 0	$ 0
Value of real estate property investments and mortgages	$ 143,864
Medical office [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	12
Land	$ 6,676
Buildings, Improvements, and Lease Intangibles	53,200
Personal Property	0
Total real estate properties	59,876
Accumulated Depreciation	$ 2,361
Medical office [Member] | Alabama [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	2
Land	$ 360
Buildings, Improvements, and Lease Intangibles	2,176
Total real estate properties	2,536
Accumulated Depreciation	$ 0
Medical office [Member] | Florida [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	2
Land	$ 740
Buildings, Improvements, and Lease Intangibles	11,010
Total real estate properties	11,750
Accumulated Depreciation	$ 76
Medical office [Member] | Georgia [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 366
Buildings, Improvements, and Lease Intangibles	3,088
Total real estate properties	3,454
Accumulated Depreciation	$ 213
Medical office [Member] | Illinois [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 821
Buildings, Improvements, and Lease Intangibles	8,644
Total real estate properties	9,465
Accumulated Depreciation	$ 295
Medical office [Member] | Kansas [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	2
Land	$ 1,379
Buildings, Improvements, and Lease Intangibles	10,497
Total real estate properties	11,876
Accumulated Depreciation	$ 784
Medical office [Member] | Kentucky [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 484
Buildings, Improvements, and Lease Intangibles	4,122
Total real estate properties	4,606
Accumulated Depreciation	$ 129
Medical office [Member] | Ohio [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 33
Buildings, Improvements, and Lease Intangibles	3,671
Total real estate properties	3,704
Accumulated Depreciation	$ 254
Medical office [Member] | Texas [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	2
Land	$ 2,493
Buildings, Improvements, and Lease Intangibles	9,992
Total real estate properties	12,485
Accumulated Depreciation	$ 610
Physician clinics [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	11
Land	$ 2,984
Buildings, Improvements, and Lease Intangibles	27,640
Personal Property	0
Total real estate properties	30,624
Accumulated Depreciation	$ 1,141
Physician clinics [Member] | Alabama [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 533
Buildings, Improvements, and Lease Intangibles	2,663
Total real estate properties	3,196
Accumulated Depreciation	$ 0
Physician clinics [Member] | Arizona [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 41
Buildings, Improvements, and Lease Intangibles	1,594
Total real estate properties	1,635
Accumulated Depreciation	$ 115
Physician clinics [Member] | Florida [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	3
Land	$ 0
Buildings, Improvements, and Lease Intangibles	5,950
Total real estate properties	5,950
Accumulated Depreciation	$ 115
Physician clinics [Member] | Kansas [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	3
Land	$ 1,558
Buildings, Improvements, and Lease Intangibles	10,713
Total real estate properties	12,271
Accumulated Depreciation	$ 391
Physician clinics [Member] | Pennsylvania [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 330
Buildings, Improvements, and Lease Intangibles	2,770
Total real estate properties	3,100
Accumulated Depreciation	$ 305
Physician clinics [Member] | Virginia [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 110
Buildings, Improvements, and Lease Intangibles	1,362
Total real estate properties	1,472
Accumulated Depreciation	$ 74
Physician clinics [Member] | Wisconsin [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 412
Buildings, Improvements, and Lease Intangibles	2,588
Total real estate properties	3,000
Accumulated Depreciation	$ 141
Ambulatory surgery centers [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	7
Land	$ 2,082
Buildings, Improvements, and Lease Intangibles	19,038
Personal Property	0
Total real estate properties	21,120
Accumulated Depreciation	$ 861
Ambulatory surgery centers [Member] | Arizona [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 227
Buildings, Improvements, and Lease Intangibles	2,473
Total real estate properties	2,700
Accumulated Depreciation	$ 132
Ambulatory surgery centers [Member] | Colorado [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 375
Buildings, Improvements, and Lease Intangibles	2,325
Total real estate properties	2,700
Accumulated Depreciation	$ 39
Ambulatory surgery centers [Member] | Michigan [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 300
Buildings, Improvements, and Lease Intangibles	5,595
Total real estate properties	5,895
Accumulated Depreciation	$ 71
Ambulatory surgery centers [Member] | Ohio [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 188
Buildings, Improvements, and Lease Intangibles	1,382
Total real estate properties	1,570
Accumulated Depreciation	$ 130
Ambulatory surgery centers [Member] | Pennsylvania [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 149
Buildings, Improvements, and Lease Intangibles	1,301
Total real estate properties	1,450
Accumulated Depreciation	$ 63
Ambulatory surgery centers [Member] | South Carolina [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 315
Buildings, Improvements, and Lease Intangibles	1,890
Total real estate properties	2,205
Accumulated Depreciation	$ 217
Ambulatory surgery centers [Member] | Texas [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 528
Buildings, Improvements, and Lease Intangibles	4,072
Total real estate properties	4,600
Accumulated Depreciation	$ 209
Dialysis clinics [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	6
Land	$ 789
Buildings, Improvements, and Lease Intangibles	11,964
Personal Property	0
Total real estate properties	12,753
Accumulated Depreciation	$ 539
Dialysis clinics [Member] | Colorado [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 259
Buildings, Improvements, and Lease Intangibles	2,791
Total real estate properties	3,050
Accumulated Depreciation	$ 124
Dialysis clinics [Member] | Georgia [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 62
Buildings, Improvements, and Lease Intangibles	1,038
Total real estate properties	1,100
Accumulated Depreciation	$ 61
Dialysis clinics [Member] | Kentucky [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 193
Buildings, Improvements, and Lease Intangibles	3,423
Total real estate properties	3,616
Accumulated Depreciation	$ 161
Dialysis clinics [Member] | Ohio [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 66
Buildings, Improvements, and Lease Intangibles	1,184
Total real estate properties	1,250
Accumulated Depreciation	$ 74
Dialysis clinics [Member] | Tennessee [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 28
Buildings, Improvements, and Lease Intangibles	572
Total real estate properties	600
Accumulated Depreciation	$ 21
Dialysis clinics [Member] | Texas [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 181
Buildings, Improvements, and Lease Intangibles	2,956
Total real estate properties	3,137
Accumulated Depreciation	$ 98
Oncology centers [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	3
Land	$ 415
Buildings, Improvements, and Lease Intangibles	4,385
Personal Property	0
Total real estate properties	4,800
Accumulated Depreciation	$ 290
Oncology centers [Member] | Alabama [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	3
Land	$ 415
Buildings, Improvements, and Lease Intangibles	4,385
Total real estate properties	4,800
Accumulated Depreciation	$ 290
Behavioral Facilities [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 270
Buildings, Improvements, and Lease Intangibles	2,651
Personal Property	0
Total real estate properties	2,921
Accumulated Depreciation	$ 11
Behavioral Facilities [Member] | Indiana [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	1
Land	$ 270
Buildings, Improvements, and Lease Intangibles	2,651
Total real estate properties	2,921
Accumulated Depreciation	$ 11
Corporate property [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	0
Land	$ 0
Buildings, Improvements, and Lease Intangibles	838
Personal Property	35
Total real estate properties	873
Accumulated Depreciation	$ 0
Total Properties [Member]
Real Estate Properties [Line Items]
Number of Properties | real_estate_property	40
Land	$ 13,216
Buildings, Improvements, and Lease Intangibles	119,716
Personal Property	35
Total real estate properties	132,967
Accumulated Depreciation	$ 5,203

Real Estate Leases - Future Min

Real Estate Leases - Future Minimum Lease Payments (Details) $ in Thousands	Dec. 31, 2015USD ($)
Leases [Abstract]
2,016	$ 12,558
2,017	10,850
2,018	8,523
2,019	6,014
2,020	4,867
2021 and thereafter	21,123
Total	$ 63,935

Real Estate Leases - Additional

Real Estate Leases - Additional Information (Details)	12 Months Ended
	Dec. 31, 2015state
Concentration Risk [Line Items]
Number of states in which real estate investments are in	18
Geographic Concentration Risk [Member] | Real Estate Revenue [Member]
Concentration Risk [Line Items]
Concentration risk percentage	41.30%
Kansas [Member] | Geographic Concentration Risk [Member] | Real Estate Revenue [Member]
Concentration Risk [Line Items]
Concentration risk percentage	23.80%
Texas [Member] | Geographic Concentration Risk [Member] | Real Estate Revenue [Member]
Concentration Risk [Line Items]
Concentration risk percentage	17.50%

Real Estate Acquisitions (Detai

Real Estate Acquisitions (Details)	3 Months Ended			9 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)ft²acquisitionreal_estate_property	Sep. 30, 2015USD ($)ft²real_estate_property	Jun. 30, 2015USD ($)ft²real_estate_property	Sep. 30, 2015ft²	Dec. 31, 2015USD ($)ft²acquisitionreal_estate_property
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of real estate properties acquired | real_estate_property		3	29		40
Area of real estate property (in square feet) | ft²	789,500	71,153	474,303	71,153	789,500
Aggregate purchase price		$ 13,100,000	$ 87,400,000
Cash consideration		$ 13,000,000	$ 87,200,000		$ 129,782,000
Percentage of properties that were leased at acquisition		93.60%	92.90%
Number of acquisitions with contingent consideration | acquisition	2				2
Contingent consideration	$ 1,190,000				$ 1,190,000
Maximum Exposure [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contingent consideration			$ 1,500,000
Mortgage Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loan receivable	11,000,000				11,000,000
Loan and commitment fees received	$ 137,500				$ 137,500
Stated fixed interest rate percentage				9.50%	9.50%
Corporate property [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of real estate properties acquired | real_estate_property	8
Area of real estate property (in square feet) | ft²	214,192				214,192
Aggregate purchase price	$ 29,900,000
Cash consideration	$ 29,600,000
Percentage of properties that were leased at acquisition	97.70%
Louisiana [Member] | Long-Term Acute Care Facility [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Stated fixed interest rate percentage					9.50%
Louisiana [Member] | Long-Term Acute Care Facility [Member] | Mortgage Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Area of real estate property (in square feet) | ft²	29,890				29,890

Real Estate Acquisitions - Asse

Real Estate Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2015
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Land			$ 13,216
Buildings			97,518
Intangibles:
Below-market lease intangibles			(357)
Total intangibles			21,114
Accounts receivable and other assets assumed			18
Accounts payable, accrued liabilities and other liabilities assumed			(1,040)
Contingent liabilities			(1,190)
Prorated rent and operating expense reimbursement amounts collected			(686)
Expenses paid, including closing costs			832
Total cash consideration	$ 13,000	$ 87,200	129,782
At Market Leases [Member]
Intangibles:
Lease intangibles			21,406
Above Market Leases [Member]
Intangibles:
Lease intangibles			$ 65
Estimated useful life (in years)			2 years 7 months 6 days
Minimum [Member]
Intangibles:
Below-market lease estimated useful (in years)			6 years 1 month 6 days
Minimum [Member] | At Market Leases [Member]
Intangibles:
Estimated useful life (in years)			1 year 2 months 12 days
Maximum [Member]
Intangibles:
Below-market lease estimated useful (in years)			7 years 9 months 18 days
Maximum [Member] | At Market Leases [Member]
Intangibles:
Estimated useful life (in years)			9 years 3 months 18 days
Building [Member] | Minimum [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Estimated useful life (in years)			20 years
Building [Member] | Maximum [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Estimated useful life (in years)			40 years

Revolving Credit Facility (Deta

Revolving Credit Facility (Details) - USD ($)	Jun. 03, 2015	Dec. 31, 2015
Line of Credit Facility [Line Items]
Percentage limit on debt to total book capitalization		40.00%
Senior Revolving Credit Facility [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 75,000,000
Extension fee percentage	0.25%
Additional borrowing capacity	$ 125,000,000
Total borrowing capacity after additional capacity	$ 200,000,000
Debt outstanding		$ 17,000,000
Weighted average interest rate percentage		3.60%
Remaining borrowing capacity		$ 58,000,000
Senior Revolving Credit Facility, Unused Borrowing Capacity Rate 1 [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Percentage of unused portion fee	0.25%
Percentage of borrowing capacity outstanding	50.00%
Senior Revolving Credit Facility, Unused Borrowing Capacity Rate 2 [Member] | Line of Credit [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Percentage of unused portion fee	0.35%
Percentage of borrowing capacity outstanding	50.00%
LIBOR [Member] | Minimum [Member] | Senior Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.50%
LIBOR [Member] | Maximum [Member] | Senior Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	3.00%
Base Rate [Member] | Minimum [Member] | Senior Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	1.50%
Base Rate [Member] | Maximum [Member] | Senior Revolving Credit Facility [Member] | Line of Credit [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate	2.00%

Stockholders' Equity - Reconcil

Stockholders' Equity - Reconciliation of Common Stock (Details) - shares	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance, beginning of period (in shares)	0	200,000
Issuance of common stock (in shares)	200,000	7,311,183
Restricted stock issued (in shares)	0	85,757
Balance, end of period (in shares)	200,000	7,596,940

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions	May. 27, 2015	Mar. 31, 2014	May. 31, 2015	Dec. 31, 2014	Dec. 31, 2015
Class of Stock [Line Items]
Shares of common stock issued				200,000	7,311,183
Par value of common stock (in dollars per share)				$ 0.01	$ 0.01
Net proceeds from initial public offering			$ 125.2
Net proceeds from private placement			$ 2.3
IPO [Member]
Class of Stock [Line Items]
Shares of common stock issued			7,187,500
Private Placement [Member]
Class of Stock [Line Items]
Shares of common stock issued			123,683
Common Stock [Member]
Class of Stock [Line Items]
Shares of common stock issued				200,000	7,311,183
Net proceeds from initial public offering	$ 125.2
Common Stock [Member] | Officers [Member]
Class of Stock [Line Items]
Shares of common stock issued		200,000
Common Stock [Member] | IPO [Member]
Class of Stock [Line Items]
Shares of common stock issued	7,187,500
Par value of common stock (in dollars per share)	$ 0.01
Public offering price (in dollars per share)	$ 19
Common Stock [Member] | Over-Allotment Option [Member]
Class of Stock [Line Items]
Shares of common stock issued	937,500
Common Stock [Member] | Private Placement [Member]
Class of Stock [Line Items]
Shares of common stock issued	123,683
Par value of common stock (in dollars per share)	$ 0.01
Net proceeds from private placement	$ 2.3

Stockholders' Equity - Dividend

Stockholders' Equity - Dividends Declared (Details) - $ / shares	Dec. 04, 2015	Sep. 03, 2015	Dec. 31, 2015
Equity [Abstract]
Dividends paid per common share (in dollars per share)	$ 0.375	$ 0.142	$ 0.517

Loss Per Common Share (Details)

Loss Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				9 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2015
Earnings Per Share [Abstract]
Net loss	$ 121	$ (67)	$ (1,509)	$ 0	$ 0	$ (1,456)
Weighted Average Common Shares Outstanding
Weighted average Common Shares outstanding (in shares)					200,000	4,778,144
Unvested restricted stock (in shares)					0	(51,219)
Weighted average Common Shares outstanding–Basic (in shares)					200,000	4,726,925
Weighted average Common Shares–Basic (in shares)					200,000	4,726,925
Dilutive effect of restricted stock (in shares)					0	0
Weighted average Common Shares outstanding –Diluted (in shares)					200,000	4,726,925
Basic Loss per Common Share (in dollars per share)	$ 0.02	$ (0.01)	$ (0.42)	$ 0	$ 0	$ (0.31)
Diluted Loss per Common Share (in dollars per share)	$ 0.02	$ (0.01)	$ (0.42)	$ 0	$ 0	$ (0.31)

Loss Per Common Share - Antidil

Loss Per Common Share - Antidilutive Securities (Details)	12 Months Ended
	Dec. 31, 2015shares
Restricted Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities excluded from earnings per share (in shares)	9,927

Incentive Plan - 2014 Incentive

Incentive Plan - 2014 Incentive Plan/Officer Incentive Program (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
2014 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Length of Incentive Plan (in years)	10 years
2014 Incentive Plan [Member] | Restricted Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued (in shares)		0
Weighted average amortization period (in years)	6 years 4 months 24 days
2014 Incentive Plan [Member] | Restricted Common Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
2014 Incentive Plan [Member] | Restricted Common Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	8 years
2014 Incentive Plan [Member] | Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to be issued (in shares)	525,782
Number of shares issued (in shares)	85,757
Numbers of shares remaining under plan (in shares)	440,025
Officer Incentive Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued (in shares)	0
Total Stockholder return performance period 1 (in years)	1 year
Total Stockholder return performance period 2 (in years)	3 years

Incentive Plan - Alignment of I

Incentive Plan - Alignment of Interest Program (Details) - Restricted Common Stock [Member] - USD ($) $ in Millions	May. 28, 2015	Dec. 31, 2015
2014 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted common stock granted (in shares)		85,757
Compensation expense		$ 0.2
2014 Incentive Plan [Member] | Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	8 years
Restricted common stock granted (in shares)	69,125
2014 Incentive Plan [Member] | Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	3 years
Shares granted in lieu of director fees (in shares)	5,264
Alignment of Interest Program [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of base salary deferred		100.00%
Alignment of Interest Program [Member] | Employees [Member] | Period 1 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		3 years
Company match vesting percentage		30.00%
Alignment of Interest Program [Member] | Employees [Member] | Period 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		5 years
Company match vesting percentage		50.00%
Alignment of Interest Program [Member] | Employees [Member] | Period 3 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		8 years
Company match vesting percentage		100.00%
Alignment of Interest Program [Member] | Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of director fees deferred		100.00%
Alignment of Interest Program [Member] | Directors [Member] | Period 1 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		1 year
Company match vesting percentage		20.00%
Alignment of Interest Program [Member] | Directors [Member] | Period 2 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		2 years
Company match vesting percentage		40.00%
Alignment of Interest Program [Member] | Directors [Member] | Period 3 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)		3 years
Company match vesting percentage		60.00%
In Lieu of Fees [Member] | 2014 Incentive Plan [Member] | Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted in lieu of director fees (in shares)	11,368

Incentive Plan - Summary of Act

Incentive Plan - Summary of Activity Under Incentive Plan (Details) - 2014 Incentive Plan [Member]	12 Months Ended
	Dec. 31, 2015USD ($)$ / sharesshares
Restricted Common Stock [Member]
Stock-based awards:
Stock-based awards, beginning of year (in shares)	0
Granted (in shares)	85,757
Stock-based awards, end of year (in shares)	85,757
Weighted average grant date fair value of:
Stock-based awards, beginning of year (in dollars per share) | $ / shares	$ 0
Stock-based awards granted during the year (in dollars per share) | $ / shares	19.65
Stock-based awards, end of year (in dollars per share) | $ / shares	$ 19.65
Grant date fair value of shares granted during the year | $	$ 1,685,125
Restricted Common Stock, Stock in Lieu of Compensation [Member]
Stock-based awards:
Granted (in shares)	41,669
Restricted Common Stock, Stock Awards [Member]
Stock-based awards:
Granted (in shares)	44,088

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Accounts receivable	$ 995	$ 0
Straight-line rent receivables	133	0
Allowance for doubtful accounts	(71)	0
Prepaid assets	227	0
Deferred financing costs, net	706	0
Other	84	0
Other assets	2,124	0
Above Market Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 50	$ 0

Intangible Assets and Liabili61

Intangible Assets and Liabilities - Deferred Costs and Intangibles (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Below market lease intangibles, Gross	$ (357)
Deferred financing costs and lease intangibles, Gross	21,987	$ 0
Deferred financing costs and lease intangibles, Accumulated Amortization	$ 3,874	0
Deferred financing costs and lease intangibles, Weighted Average Remaining Life (in years)	3 years 2 months 19 days
Other Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Deferred financing costs, Gross	$ 873	0
Deferred financing costs, Accumulated Amortization	$ 167	0
Deferred financing costs, Weighted Average Remaining Life (in years)	2 years 5 months
Other Assets [Member] | Above Market Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived lease intangibles, Gross	$ 65	0
Finite lived lease intangibles, Accumulated Amortization	$ 15	0
Finite lived lease intangibles, Weighted Average Remaining Life (in years)	2 years
Other Liabilities [Member]
Finite-Lived Intangible Assets [Line Items]
Below market lease intangibles, Gross	$ (357)	0
Below market lease intangibles, Accumulated Amortization	$ (32)	0
Below market lease intangibles, Weighted Average Remaining Life (in years)	5 years 10 months 24 days
Real Estate Properties [Member] | At Market Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Finite lived lease intangibles, Gross	$ 21,406	0
Finite lived lease intangibles, Accumulated Amortization	$ 3,724	$ 0
Finite lived lease intangibles, Weighted Average Remaining Life (in years)	3 years 3 months 18 days

Intangible Assets and Liabili62

Intangible Assets and Liabilities - Amortization Expense (Details) $ in Thousands	Dec. 31, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,016	$ 7,204
2,017	5,269
2,018	2,761
2,019	1,449
2,020	$ 623

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Dec. 31, 2015USD ($)
Tenant Improvements [Member]
Other Commitments [Line Items]
Commitment	$ 0.3
Capital Improvements [Member]
Other Commitments [Line Items]
Commitment	$ 0.3

Fair Value of Financial Instr64

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Mar. 27, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage note receivable		$ 10,897	$ 0	$ 0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of mortgage notes receivable		11,000
Mortgage Receivable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage note receivable	$ 11,000	$ 11,000
Mortgage note receivable interest rate percentage	9.50%	9.50%

Other Data (Details)

Other Data (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Other Data [Abstract]
Gross real estate assets	$ 133,000,000	$ 0
Preferred shares issued (in shares)	0	0
Preferred shares dividends	$ 0

Other Data - Provision for Inco

Other Data - Provision for Income Taxes (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Other Data [Abstract]
Current	$ 0
Deferred	10
Total	$ 10

Other Data - Net Income Reconci

Other Data - Net Income Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2015
Other Data [Abstract]
Net income (loss)	$ 121	$ (67)	$ (1,509)	$ 0	$ 0	$ (1,456)
Depreciation and amortization						3,806
Straight-line rent						(133)
Receivable allowance						71
Stock-based compensation						121
Deferred rent						529
Other						(86)
Total reconciling items to taxable income						4,308
Taxable income						2,852
Dividends paid						$ 3,883

Other Data - Common Stock Distr

Other Data - Common Stock Distribution (Details) - $ / shares	Dec. 04, 2015	Sep. 03, 2015	Dec. 31, 2015
Per Share
Ordinary income (in dollars per share)			$ 0.396063
Return of capital (in dollars per share)			0.120937
Common stock distributions (in dollars per share)	$ 0.375	$ 0.142	$ 0.517
Percentage
Ordinary income			76.60%
Return of capital			23.40%
Common stock distributions			100.00%

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
AFP [Member] | Chairman, Chief Executive Officer and President [Member] | Reimbursement of Costs Incurred Associated with Initial Public Offering [Member]
Related Party Transaction [Line Items]
Reimbursement	$ 0.4

Subsequent Events (Details)

Subsequent Events (Details)	Feb. 08, 2016$ / shares	Jan. 15, 2016shares	Jan. 31, 2016USD ($)ft²real_estate_property	Sep. 30, 2015USD ($)ft²real_estate_property	Jun. 30, 2015USD ($)ft²real_estate_property	Sep. 30, 2015USD ($)ft²	Dec. 31, 2015USD ($)ft²real_estate_property	Dec. 31, 2014USD ($)	Mar. 27, 2014USD ($)
Subsequent Event [Line Items]
Number of real estate properties acquired | real_estate_property				3	29		40
Area of real estate property (in square feet) | ft²				71,153	474,303	71,153	789,500
Purchase price to acquire building				$ 13,100,000	$ 87,400,000
Cash consideration				$ 13,000,000	$ 87,200,000		$ 129,782,000
Percentage of building that were leased at acquisition				93.60%	92.90%
Mortgage note receivable							10,897,000	$ 0	$ 0
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of real estate properties acquired | real_estate_property			2
Area of real estate property (in square feet) | ft²			59,500
Purchase price to acquire building			$ 9,500,000
Cash consideration			$ 9,500,000
Percentage of building that were leased at acquisition			89.40%
Dividend declared (in dollars per share) | $ / shares	$ 0.3775
Subsequent Event [Member] | Restricted Common Stock [Member]
Subsequent Event [Line Items]
Restricted common stock granted (in shares) | shares		117,714
Subsequent Event [Member] | Restricted Common Stock [Member] | Maximum [Member]
Subsequent Event [Line Items]
Vesting period (in years)		8 years
Subsequent Event [Member] | Restricted Common Stock, Stock in Lieu of Compensation [Member]
Subsequent Event [Line Items]
Restricted common stock granted (in shares) | shares		58,857
Subsequent Event [Member] | Restricted Common Stock, Stock Awards [Member]
Subsequent Event [Line Items]
Restricted common stock granted (in shares) | shares		58,857
Mortgage Receivable [Member]
Subsequent Event [Line Items]
Mortgage note receivable				$ 11,000,000		$ 11,000,000	11,000,000
Loan and commitment fees received							$ 137,500
Stated fixed interest rate percentage						9.50%	9.50%
Mortgage Receivable [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Mortgage note receivable			$ 12,500,000
Loan and commitment fees received			$ 93,750
Behavioral Facility [Member] | Illinois [Member] | Mortgage Receivable [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Area of real estate property (in square feet) | ft²			85,000
First Year [Member] | Mortgage Receivable [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Stated fixed interest rate percentage			11.00%
Year Two and Thereafter [Member] | Mortgage Receivable [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Stated fixed interest rate percentage			9.50%

Selected Quarterly Financial 71

Selected Quarterly Financial Data (unaudited) (Details) $ / shares in Units, $ in Thousands	3 Months Ended				9 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)$ / shares	Sep. 30, 2015USD ($)real_estate_property$ / shares	Jun. 30, 2015USD ($)real_estate_property$ / shares	Mar. 31, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)$ / shares	Dec. 31, 2015USD ($)real_estate_property$ / shares
Subsidiary, Sale of Stock [Line Items]
Revenues	$ 4,556	$ 3,240	$ 836	$ 0	$ 0	$ 8,632
Expenses	4,256	3,185	2,318	0	0	9,759
Other income (expense)	(179)	(122)	(27)	0	0	(329)
Net income (loss)	$ 121	$ (67)	$ (1,509)	$ 0	$ 0	$ (1,456)
Net income (loss) per basic common share (in dollars per share) | $ / shares	$ 0.02	$ (0.01)	$ (0.42)	$ 0	$ 0	$ (0.31)
Net income (loss) per diluted common share (in dollars per share) | $ / shares	$ 0.02	$ (0.01)	$ (0.42)	$ 0	$ 0	$ (0.31)
Number of real estate properties acquired | real_estate_property		3	29			40
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Expenses						$ 1,600

Schedule II - Valuation and Q72

Schedule II - Valuation and Qualifying Accounts (Details) - Accounts Receivable Allowance [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 0	$ 0
Charged to Costs and Expenses	0	71
Charged to Other Accounts	0	0
Uncollectible Accounts Written-off	0	0
Balance at End of Period	$ 0	$ 71

Schedule III - Real Estate an73

Schedule III - Real Estate and Accumulated Depreciation - Real Estate Properties (Details)	12 Months Ended
	Dec. 31, 2015USD ($)real_estate_property	Dec. 31, 2014USD ($)	Mar. 27, 2014USD ($)
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Properties | real_estate_property	40
Land
Initial Investment	$ 13,216,000
Costs Capitalized Subsequent to Acquisition	0
Total	13,216,000
Buildings, Improvements, and Lease Intangibles
Initial Investment	118,924,000
Costs Capitalized Subsequent to Acquisition	792,000
Total	119,716,000
Personal Property	35,000	$ 0
Total Property	132,967,000	0	$ 0
Accumulated Depreciation	5,203,000	0	$ 0
Encumbrances	0
Total real estate properties for federal income tax purposes	$ 133,000,000	$ 0
Minimum [Member]
Buildings, Improvements, and Lease Intangibles
Life used for depreciation (in years)	2 years 4 months
Maximum [Member]
Buildings, Improvements, and Lease Intangibles
Life used for depreciation (in years)	40 years
Lease Intangibles [Member] | Minimum [Member]
Buildings, Improvements, and Lease Intangibles
Life used for depreciation (in years)	14 months
Lease Intangibles [Member] | Maximum [Member]
Buildings, Improvements, and Lease Intangibles
Life used for depreciation (in years)	9 years 4 months
Personal Property [Member]
Buildings, Improvements, and Lease Intangibles
Life used for depreciation (in years)	3 years
Medical office [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Properties | real_estate_property	12
Land
Initial Investment	$ 6,676,000
Costs Capitalized Subsequent to Acquisition	0
Total	6,676,000
Buildings, Improvements, and Lease Intangibles
Initial Investment	52,671,000
Costs Capitalized Subsequent to Acquisition	529,000
Total	53,200,000
Personal Property	0
Total Property	59,876,000
Accumulated Depreciation	2,362,000
Encumbrances	$ 0
Physician clinics [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Properties | real_estate_property	11
Land
Initial Investment	$ 2,984,000
Costs Capitalized Subsequent to Acquisition	0
Total	2,984,000
Buildings, Improvements, and Lease Intangibles
Initial Investment	27,543,000
Costs Capitalized Subsequent to Acquisition	97,000
Total	27,640,000
Personal Property	0
Total Property	30,624,000
Accumulated Depreciation	1,139,000
Encumbrances	$ 0
Ambulatory surgery centers [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Properties | real_estate_property	7
Land
Initial Investment	$ 2,082,000
Costs Capitalized Subsequent to Acquisition	0
Total	2,082,000
Buildings, Improvements, and Lease Intangibles
Initial Investment	19,033,000
Costs Capitalized Subsequent to Acquisition	5,000
Total	19,038,000
Personal Property	0
Total Property	21,120,000
Accumulated Depreciation	862,000
Encumbrances	$ 0
Dialysis clinics [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Properties | real_estate_property	6
Land
Initial Investment	$ 789,000
Costs Capitalized Subsequent to Acquisition	0
Total	789,000
Buildings, Improvements, and Lease Intangibles
Initial Investment	11,941,000
Costs Capitalized Subsequent to Acquisition	23,000
Total	11,964,000
Personal Property	0
Total Property	12,753,000
Accumulated Depreciation	539,000
Encumbrances	$ 0
Oncology centers [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Properties | real_estate_property	3
Land
Initial Investment	$ 415,000
Costs Capitalized Subsequent to Acquisition	0
Total	415,000
Buildings, Improvements, and Lease Intangibles
Initial Investment	4,385,000
Costs Capitalized Subsequent to Acquisition	0
Total	4,385,000
Personal Property	0
Total Property	4,800,000
Accumulated Depreciation	290,000
Encumbrances	$ 0
Behavioral Facilities [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Properties | real_estate_property	1
Land
Initial Investment	$ 270,000
Costs Capitalized Subsequent to Acquisition	0
Total	270,000
Buildings, Improvements, and Lease Intangibles
Initial Investment	2,651,000
Costs Capitalized Subsequent to Acquisition	0
Total	2,651,000
Personal Property	0
Total Property	2,921,000
Accumulated Depreciation	11,000
Encumbrances	$ 0
Total Real Estate [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Properties | real_estate_property	40
Land
Initial Investment	$ 13,216,000
Costs Capitalized Subsequent to Acquisition	0
Total	13,216,000
Buildings, Improvements, and Lease Intangibles
Initial Investment	118,224,000
Costs Capitalized Subsequent to Acquisition	654,000
Total	118,878,000
Personal Property	0
Total Property	132,094,000
Accumulated Depreciation	5,203,000
Encumbrances	$ 0
Corporate property [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Number of Properties | real_estate_property	0
Land
Initial Investment	$ 0
Costs Capitalized Subsequent to Acquisition	0
Total	0
Buildings, Improvements, and Lease Intangibles
Initial Investment	700,000
Costs Capitalized Subsequent to Acquisition	138,000
Total	838,000
Personal Property	35,000
Total Property	873,000
Accumulated Depreciation	0
Encumbrances	$ 0

Schedule III - Real Estate an74

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation of Real Estate Properties (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
Total Property
Beginning Balance	$ 0	$ 0
Additions during the period:
Acquisitions	0	132,140
Other improvements	0	827
Ending Balance	0	132,967
Accumulated Depreciation
Beginning Balance	0	0
Additions during the period:
Acquisitions	0	5,203
Other improvements	0	0
Ending Balance	$ 0	$ 5,203

Schedule IV - Mortgage Loans 75

Schedule IV - Mortgage Loans on Real Estate (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Mortgage Loans on Real Estate [Line Items]
Carrying Amount	$ 10,897
Deferred loan and commitment fees	$ 138
Louisiana [Member] | Long-Term Acute Care Facility [Member]
Mortgage Loans on Real Estate [Line Items]
Interest Rate	9.50%
Maturity Date	Sep. 30, 2026
Original Face Amount	$ 11,000
Carrying Amount	10,897
Balloon	$ 0

Schedule IV - Mortgage Loans 76

Schedule IV - Mortgage Loans on Real Estate - Roll Forward of Mortgage Loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at beginning of period	$ 0	$ 0
Additions during the period:
New or acquired mortgages, net	0	10,862
Amortization of loan and commitment fees	0	35
Total additions	0	10,897
Deductions during the period:
Scheduled principal payments	0	0
Total deductions	0	0
Balance at end of period	$ 0	10,897
Total mortgage loans for federal income tax purposes		$ 11,000