Real Estate Investment Properties

6 Months Ended

Jun. 30, 2017

Real Estate Investment Property, Net [Abstract]

Real Estate Investment Properties

Real Estate Investment Properties:

For the quarter ended March 31, 2017 and the quarter and six months ended June 30, 2016, the Company had depreciation and amortization expense of approximately $16.6 million, $16.4 million and $33.2 million, respectively.

In April 2017, the Company completed the Sale of its 36 properties and received gross aggregate consideration of approximately $182.6 million in cash and 8,851,264 common shares of beneficial interest of EPR valued at approximately $647.4 million on the date of the Sale, which approximated the liquidation value of the properties as of March 31, 2017. The Company did not own any properties as of June 30, 2017.