XML 70 R59.htm IDEA: XBRL DOCUMENT v3.23.1
Credit Facility, Bank Loans, and Lines of Credit - Additional Information (Details)
3 Months Ended
Jan. 25, 2022
USD ($)
Jun. 16, 2021
USD ($)
Aug. 05, 2020
Jul. 27, 2020
Jul. 03, 2020
Mar. 31, 2023
USD ($)
financial_ratio
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
Jun. 30, 2021
USD ($)
Apr. 30, 2021
USD ($)
Sep. 30, 2019
USD ($)
Sep. 10, 2019
USD ($)
Debt Instrument [Line Items]                        
Unamortized financing costs           $ 3,082,000   $ 3,319,000        
Interest expense           3,269,000 $ 1,073,000          
Medical Property Partners LLC                        
Debt Instrument [Line Items]                        
Long-term debt, net of current portion and deferred financing costs           5,900,000            
Debt instrument, covenant, debt coverage ratio, minimum         1.25              
Medical Property Partners LLC | Prime Rate                        
Debt Instrument [Line Items]                        
Basis spread on variable rate         (0.50%)              
AMG Properties LLC                        
Debt Instrument [Line Items]                        
Long-term debt, net of current portion and deferred financing costs           600,000            
Debt instrument, covenant, debt coverage ratio, minimum     1.25                  
AMG Properties LLC | Prime Rate                        
Debt Instrument [Line Items]                        
Basis spread on variable rate     (0.30%)                  
ZLL Partners LLC                        
Debt Instrument [Line Items]                        
Long-term debt, net of current portion and deferred financing costs           600,000            
Debt instrument, covenant, debt coverage ratio, minimum       1.25                
ZLL Partners LLC | Prime Rate                        
Debt Instrument [Line Items]                        
Basis spread on variable rate       (0.50%)                
120 Hellman LLC                        
Debt Instrument [Line Items]                        
Long-term debt, net of current portion and deferred financing costs           15,900,000            
Debt, principal sum $ 16,300,000                      
Debt instrument, covenant, cash flow to debt service ratio, minimum 1.25                      
Debt covenant, threshold percentage for occupation of property 35.00%                      
120 Hellman LLC | Prime Rate                        
Debt Instrument [Line Items]                        
Basis spread on variable rate 2.00%                      
Amended Credit Agreement                        
Debt Instrument [Line Items]                        
Annual agent fee   $ 50,000                    
Amended Credit Agreement | Truist Bank | Standby Letters of Credit                        
Debt Instrument [Line Items]                        
Maximum loan availability           $ 21,100,000            
Term of facility           1 year            
Amended Credit Agreement | Minimum                        
Debt Instrument [Line Items]                        
Required annual facility fee   0.175%                    
Basis spread on variable rate   0.25%                    
Amended Credit Agreement | Minimum | London Interbank Offered Rate (LIBOR)                        
Debt Instrument [Line Items]                        
Basis spread on variable rate   1.25%                    
Amended Credit Agreement | Maximum                        
Debt Instrument [Line Items]                        
Required annual facility fee   0.35%                    
Basis spread on variable rate   1.50%                    
Amended Credit Agreement | Maximum | London Interbank Offered Rate (LIBOR)                        
Debt Instrument [Line Items]                        
Basis spread on variable rate   2.50%                    
Credit Agreement                        
Debt Instrument [Line Items]                        
Number of key financial ratios | financial_ratio           2            
Maximum consolidated leverage ratio (not greater than)           3.75            
Debt covenant, aggregate purchase price, maximum           $ 75,000,000            
Consolidated leverage ratio, annual decrease           0.25            
Debt instrument, covenant, leverage ratio, adjusted maximum           4.00            
Minimum consolidated interest coverage ratio (not less than)           3.25            
Average effective interest rate           5.69% 1.78%          
Interest expense           $ 200,000 $ 200,000          
Construction Loans | Tag-8 Medical Investment Group, LLC                        
Debt Instrument [Line Items]                        
Long-term debt, net of current portion and deferred financing costs           $ 5,600,000            
Debt, principal sum                   $ 10,700,000    
Construction Loans | Tag-8 Medical Investment Group, LLC                        
Debt Instrument [Line Items]                        
Debt instrument, covenant, cash flow coverage ratio, minimum           1.25            
Revolver Loan | Amended Credit Agreement                        
Debt Instrument [Line Items]                        
Revolving credit facility term   5 years                    
Interest rate           6.36%            
Deferred financing costs                 $ 700,000      
Revolver Loan | Amended Credit Agreement | Line of Credit                        
Debt Instrument [Line Items]                        
Maximum loan availability   $ 400,000,000                    
Revolver Loan | Credit Agreement                        
Debt Instrument [Line Items]                        
Deferred financing costs                     $ 6,500,000  
Line of Credit | APC Business Loan Agreement | APC | Preferred Bank                        
Debt Instrument [Line Items]                        
Maximum loan availability                       $ 4,100,000
Letter of Credit | Amended Credit Agreement | Line of Credit                        
Debt Instrument [Line Items]                        
Maximum loan availability   25,000,000                    
Bridge Loan | Amended Credit Agreement | Line of Credit                        
Debt Instrument [Line Items]                        
Maximum loan availability   $ 25,000,000                    
Standby Letters of Credit | APC                        
Debt Instrument [Line Items]                        
Maximum loan availability           $ 300,000            
Term of facility           1 year            
Standby Letters of Credit | Alpha Care Medical Group, Inc. | Preferred Bank                        
Debt Instrument [Line Items]                        
Maximum loan availability           $ 3,800,000            
Term of facility           1 year            
Standby Letters of Credit | Amended Credit Agreement | Minimum                        
Debt Instrument [Line Items]                        
Required annual facility fee   1.25%                    
Standby Letters of Credit | Amended Credit Agreement | Maximum                        
Debt Instrument [Line Items]                        
Required annual facility fee   2.50%