Real Estate Properties (Tables)

9 Months Ended

Sep. 30, 2016

MOBs

Real Estate Properties

Schedule of real estate property acquisition

We accounted for this acquisition as an asset acquisition, and the preliminary allocation of the purchase price is as follows:

Cash Paid

Number

plus

Premium

of

Units /

Assumed

Buildings and

Assumed

on Assumed

Date

Location

Properties

Beds

Debt(1)

Land

Improvements

FF&E

Debt

Debt

Jun-16

4 states

7

545

$

112,493

$

11,085

$

94,940

$

6,468

$

—

$

—

(1) This amount includes the cash we paid as well as various closing settlement adjustments and closing costs. 

Triple Net Leased Senior Living Communities

Real Estate Properties

Schedule of real estate property acquisition

The preliminary allocation of the purchase price for this acquisition is as follows:

Cash Paid

Number

plus

Acquired

Premium

of

Units /

Assumed

Buildings and

Real Estate

Assumed

on Assumed

Date

Location

Properties

Beds

Debt(1)

Land

Improvements

FF&E

Leases

Debt

Debt

May-16

Georgia

1

38

$

8,400

$

327

$

6,195

$

478

$

1,400

$

—

$

—

(1) This amount includes the cash we paid as well as various closing settlement adjustments and excludes closing costs. 

Managed senior living communities

Real Estate Properties

Schedule of real estate property acquisition

The preliminary allocations of the purchase prices for these acquisitions are as follows:

					Cash Paid								Acquired
		Number	Number		plus						Acquired		Real Estate					Premium
		of	of	Square	Assumed				Buildings and		Real Estate		Lease			Assumed		on Assumed
Date	Location	Properties	Buildings	Feet (000’s)	Debt (1)		Land		Improvements		Leases(2)		Obligations(2)			Debt		Debt
Feb-16	Minnesota	1	3	128	$	22,700	$	4,074	$	15,223	$	5,163	$	(1,760	)	$	—	$	—
May-16	Florida	1	1	166	45,230		2,792		42,438		—		—			—		—
		2	4	294	$	67,930	$	6,866	$	57,661	$	5,163	$	(1,760	)	$	—	$	—

(1) With respect to the property located in Minnesota, this amount includes the cash we paid as well as various closing settlement adjustments, and excludes closing costs. With respect to the property located in Florida that is being accounted for as an asset acquisition, this amount includes the cash we paid as well as various closing settlement adjustments and closing costs.

(2) The weighted average amortization periods for acquired lease intangible assets and assumed real estate lease obligations at the time of these acquisitions was 6.4 years and 7.3 years, respectively.