Debt and Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Summary of Required Compliance Ratios Giving Effect to New Covenants in Credit Agreement

The following table includes a summary of the required compliance ratios, giving effect to the covenants contained in the Credit Agreement (dollar amounts in thousands):

	Covenant		September 30, 2016
Tangible net worth	$	125,000	$	172,329
Total leverage	< 60%			47.8	%
Secured leverage	< 30%			17.6	%
Unencumbered leverage	< 60%			48.7	%
Fixed charge coverage	> 1.50x		3.7x

Outstanding Mortgages, Excluding Net Debt Premium

Facility Name	Outstanding Balance (inthousands)(a)		Interest Rate			Maturity Date
Summerlin Hospital Medical Office Building III    floating rate mortgage loan (b.)	$	10,462		3.77	%	December, 2016
Peace Health fixed rate mortgage loan (b.)		20,434		5.64	%	April, 2017
Auburn Medical II floating rate mortgage loan (b.)		6,783		3.27	%	April, 2017
Medical Center of Western Connecticut fixed rate    mortgage loan (b.)		4,568		6.00	%	June, 2017
Summerlin Hospital Medical Office Building II fixed    rate mortgage loan (b.)		11,175		5.50	%	October, 2017
Phoenix Children’s East Valley Care Center fixed rate    mortgage loan		6,239		5.88	%	December, 2017
Centennial Hills Medical Office Building floating rate    mortgage loan		10,116		3.77	%	January, 2018
Sparks Medical Building/Vista Medical Terrace    floating rate mortgage loan		4,260		3.77	%	February, 2018
Rosenberg Children’s Medical Plaza fixed rate    mortgage loan		8,190		4.85	%	May, 2018
Vibra Hospital-Corpus Christi fixed rate mortgage loan		2,746		6.50	%	July, 2019
700 Shadow Lane and Goldring MOBs fixed rate    mortgage loan		6,294		4.54	%	June, 2022
BRB Medical Office Building fixed rate mortgage loan		6,362		4.27	%	December, 2022
Desert Valley Medical Center fixed rate mortgage loan		5,114		3.62	%	January, 2023
Tuscan Professional Building fixed rate mortgage loan		5,106		5.56	%	June, 2025
Total	$	107,849

(a.) All mortgage loans require monthly principal payments through maturity and either fully amortize or include a balloon principal payment upon maturity.

(b.) This loan is scheduled to mature within the next twelve months, at which time we will decide whether to refinance pursuant to a new mortgage loan or by utilizing borrowings under our Credit Agreement.