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Real Estate Investments (Tables)
6 Months Ended
Jun. 30, 2016
Real Estate [Abstract]  
Schedule of Business Combinations
The following table summarizes the 2016 Acquisition:
Property Description
 
Date
Acquired
 
Ownership
Percentage
Post Acute Medical Portfolio
 
05/23/2016
 
100%
Schedule of Allocation of Fair Value of Business Combinations
The following table summarizes management’s allocation of the fair value of the 2016 Acquisition during the six months ended June 30, 2016 (amounts in thousands):
 
 
Total
Land
 
$
4,781

Buildings and improvements
 
53,284

In-place leases
 
12,935

Total assets acquired
 
$
71,000

Schedule of Business Combinations on a Pro Forma Basis
Assuming the 2016 Acquisition described above had occurred on January 1, 2015, pro forma revenues, net income and net income attributable to common stockholders would have been as follows for the periods listed below (amounts in thousands, except per share amounts, unaudited):
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2016
 
2015
 
2016
 
2015
Pro forma basis:
 
 
 
 
 
 
 
 
Revenues
 
$
59,943

 
$
54,667

 
$
118,210

 
$
110,409

Net income
 
$
19,689

 
$
18,706

 
$
38,643

 
$
32,397

Net income attributable to common stockholders
 
$
18,628

 
$
17,126

 
$
36,654

 
$
29,203

Net income per common share attributable to common stockholders:
 
 
 
 
 
 
 
 
Basic
 
$
0.10

 
$
0.10

 
$
0.20

 
$
0.17

Diluted
 
$
0.10

 
$
0.10

 
$
0.20

 
$
0.17