SCHEDULE III

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

December 31, 2015

(dollars in thousands)



				Initial Cost to Company						Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period											Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land		Building and Improve- ments⁽¹⁾		Total			Land		Building and Improve- ments⁽¹⁾⁽³⁾		Total		Accumulated Depreciation and Amortization			Original Date of Construction/ Renovation	Date Acquired
Skilled Nursing/Transitional Care Facilities
New Martinsville	New Martinsville, WV	100%	^—	$	475	$	10,543	$	11,018	—	$	475	$	10,363	$	10,838	$	(3,783	)	1982	11/15/10	39
Glenville	Glenville, WV	100%	^—	484		2,839		3,323		—	484		2,744		3,228		(683		)	1982/2006	11/15/10	40
Renaissance Terrace	Harriman, TN	100%	^—	76		4,459		4,535		—	76		4,000		4,076		(1,795		)	1985/1989, 2008	11/15/10	38
Greenwood	Warwick, RI	100%	^—	2,066		10,178		12,244		—	2,066		9,824		11,890		(3,771		)	1964/2009	11/15/10	24
Pawtuxet Village	Warwick, RI	100%	^—	1,275		6,602		7,877		—	1,275		6,142		7,417		(2,417		)	1968	11/15/10	24
Forest Hills (SNF)	Broken Arrow, OK	100%	(2)	1,653		11,259		12,912		—	1,653		10,960		12,613		(3,636		)	1994/2008, 2009/2010, 2015	11/15/10	40
Seminole Estates	Seminole, OK	100%	^—	655		3,527		4,182		—	655		3,262		3,917		(777		)	1987	11/15/10	32
Bryan Care	Bryan, OH	100%	^—	1,278		6,477		7,755		—	1,278		6,092		7,370		(1,892		)	1976	11/15/10	30
Sylvania	Sylvania, OH	100%	^—	942		5,627		6,569		—	942		5,192		6,134		(2,081		)	1967/1974, 1986, 1995, 2008, 2009	11/15/10	24
Point Place	Toledo, OH	100%	^—	1,089		5,364		6,453		—	1,089		5,119		6,208		(1,317		)	1995/2011	11/15/10	36
Perrysburg	Perrysburg, OH	100%	^—	987		5,358		6,345		—	987		5,001		5,988		(1,535		)	1984	11/15/10	32
Forest View	Dayton, OH	100%	^—	819		4,214		5,033		—	819		3,951		4,770		(1,509		)	1968	11/15/10	24
New Lebanon	New Lebanon, OH	100%	^—	784		4,243		5,027		—	784		3,807		4,591		(1,278		)	1979	11/15/10	28
New Lexington	New Lexington, OH	100%	^—	63		3,487		3,550		—	63		3,240		3,303		(2,038		)	1981	11/15/10	20
Twin Rivers	Defiance, OH	100%	^—	280		3,004		3,284		—	280		2,772		3,052		(906		)	1980	11/15/10	30
San Juan	Farmington, NM	100%	9,906	799		4,163		4,962		3	799		3,992		4,791		(1,463		)	1963/1993	11/15/10	24
McKinley Care	Gallup, NM	100%	5,679	409		1,865		2,274		4	409		1,794		2,203		(629		)	1968	11/15/10	24
Bedford Hills	Bedford, NH	100%	6,485	1,911		12,245		14,156		—	1,911		11,411		13,322		(3,259		)	1992/2010	11/15/10	36
Exeter on Hampton	Exeter, NH	100%	^—	2,365		2,350		4,715		—	2,365		2,127		4,492		(1,624		)	1976/2011	11/15/10	40
Pheasant Wood	Petersborough, NH	100%	^—	625		3,986		4,611		—	625		3,500		4,125		(1,309		)	1975	11/15/10	28
Westwood	Keene, NH	100%	^—	699		3,823		4,522		—	699		3,349		4,048		(1,442		)	1965/2010	11/15/10	24
Colonial Hill	Rochester, NH	100%	^—	412		3,960		4,372		—	412		3,663		4,075		(1,399		)	1986/2010	11/15/10	44
Crestwood Care	Milford, NH	100%	^—	557		3,441		3,998		—	557		3,050		3,607		(1,192		)	1972	11/15/10	28
Applewood	Winchester, NH	100%	^—	348		3,075		3,423		—	348		2,695		3,043		(880		)	1987	11/15/10	32
The Elms Care	Milford, NH	100%	^—	312		1,679		1,991		—	312		1,490		1,802		(728		)	1890/2005	11/15/10	20
Woodland Hill	Asheboro, NC	100%	^—	1,706		8,053		9,759		—	1,706		7,783		9,489		(2,262		)	1987/2009	11/15/10	32
Missouri River	Great Falls, MT	100%	11,278	2,023		16,967		18,990		—	2,023		16,576		18,599		(6,112		)	1960/1990, 2010	11/15/10	30
Butte Care	Butte, MT	100%	^—	1,092		12,654		13,746		—	1,092		12,496		13,588		(3,914		)	1974/2012	11/15/10	35
Whitefish Care	Whitefish, MT	100%	^—	651		6,339		6,990		—	651		6,219		6,870		(2,028		)	1973/2012	11/15/10	35
Deer Lodge	Deer Lodge, MT	100%	4,303	190		3,032		3,222		2	190		2,977		3,167		(1,172		)	1973	11/15/10	30



				Initial Cost to Company			Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period							Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land	Building and Improve- ments⁽¹⁾	Total		Land	Building and Improve- ments⁽¹⁾⁽³⁾	Total	Accumulated Depreciation and Amortization		Original Date of Construction/ Renovation	Date Acquired
Twin Oaks	Danvers, MA	100%	—	885	5,100	5,985	—	885	4,409	5,294	(1,604	)	1969	11/15/10	24
Maplewood	Amesbury, MA	100%	—	771	4,550	5,321	—	771	3,710	4,481	(1,331	)	1968/2010	11/15/10	24
Saugus	Saugus, MA	100%	—	285	1,643	1,928	—	285	1,040	1,325	(437	)	1967	11/15/10	24
Kensington Manor	Elizabethtown, KY	100%	—	1,864	7,523	9,387	—	1,864	7,045	8,909	(2,039	)	2001/2010	11/15/10	37
Regency Care	Louisville, KY	100%	—	1,169	5,989	7,158	1,587	1,169	7,093	8,262	(2,320	)	1960/2014	11/15/10	25
Countryside Care	Bardwell, KY	100%	—	239	4,790	5,029	—	239	4,418	4,657	(1,167	)	1993/2010	11/15/10	35
Bradford Square	South Frankfort, KY	100%	—	774	3,848	4,622	—	774	3,467	4,241	(1,293	)	1960/1990	11/15/10	25
Hillside Villa	Madisonville, KY	100%	—	277	4,272	4,549	—	277	3,810	4,087	(1,453	)	1962/1978, 1997	11/15/10	25
Klondike Care	Louisville, KY	100%	—	764	3,576	4,340	—	764	3,248	4,012	(1,111	)	1974/1980, 1994, 1995, 2008	11/15/10	28
Colonial Manor	Bowling Green, KY	100%	—	792	3,050	3,842	—	792	2,766	3,558	(1,010	)	1963	11/15/10	25
Barkley Center	Paducah, KY	100%	—	325	4,019	4,344	—	325	3,397	3,722	(890	)	1999/2014	11/15/10	35
Hopkins Care	Woodburn, KY	100%	—	592	2,277	2,869	—	592	2,021	2,613	(745	)	1960	11/15/10	25
Bridge Point	Florence, KY	100%	—	—	2,278	2,278	—	—	1,528	1,528	(789	)	1969/2008, 2009, 2010	11/15/10	20
Magnolia Village	Bowling Green, KY	100%	—	14	629	643	—	14	287	301	(184	)	1991	11/15/10	29
Decatur Township	Indianapolis, IN	100%	—	673	3,730	4,403	—	673	3,468	4,141	(1,087	)	1985	11/15/10	32
Gooding/Bennett Hills	Gooding, ID	100%	—	—	1,731	1,731	—	—	1,719	1,719	(854	)	1968/2009	11/15/10	40
Fountain City	Columbus, GA	100%	—	253	2,797	3,050	—	253	1,977	2,230	(1,240	)	1970/2012	11/15/10	40
Etowah Landing	Rome, GA	100%	—	43	842	885	—	43	676	719	(459	)	1973/1977, 1987	11/15/10	40
Oakhurst	Ocala, FL	100%	—	1,474	8,212	9,686	—	1,474	7,527	9,001	(2,300	)	1984/2010	11/15/10	32
Orchard Ridge	New Port Richey, FL	100%	—	536	5,685	6,221	—	536	5,286	5,822	(1,629	)	1983/1995, 2012	11/15/10	32
Bay Tree	Palm Harbor, FL	100%	—	786	4,870	5,656	—	786	4,350	5,136	(1,498	)	1981	11/15/10	32
West Bay	Oldsmar, FL	100%	—	775	4,660	5,435	—	775	4,133	4,908	(1,340	)	1982/2010	11/15/10	32
Sunset Point	Clearwater, FL	100%	—	706	4,370	5,076	—	706	3,936	4,642	(1,357	)	1983	11/15/10	32
Arden House	Hamden, CT	100%	19,622	2,250	23,816	26,066	—	2,250	22,844	25,094	(7,163	)	1973/2008, 2010	11/15/10	28
Pope John Paul	Danbury, CT	100%	—	—	13,702	13,702	—	—	12,671	12,671	(3,623	)	1983/2009	11/15/10	32
St. Camillus	Stamford, CT	100%	—	—	12,528	12,528	—	—	11,562	11,562	(3,496	)	1987/2008	11/15/10	32
Madison House	Madison, CT	100%	—	4,337	8,164	12,501	—	4,337	7,721	12,058	(2,061	)	1994/2009, 2010	11/15/10	36
Willows (CT)	Woodbridge, CT	100%	—	1,838	9,961	11,799	—	1,838	9,142	10,980	(2,750	)	1989/2011	11/15/10	32
The Reservoir	West Hartford, CT	100%	—	1,204	9,457	10,661	—	1,204	9,093	10,297	(2,482	)	1995/2009, 2011	11/15/10	36
Glen Hill	Danbury, CT	100%	—	918	7,017	7,935	—	918	6,483	7,401	(2,593	)	1963/2009	11/15/10	24



				Initial Cost to Company			Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period							Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land	Building and Improve- ments⁽¹⁾	Total		Land	Building and Improve- ments⁽¹⁾⁽³⁾	Total	Accumulated Depreciation and Amortization		Original Date of Construction/ Renovation	Date Acquired
Governor's House	Simsbury, CT	100%	—	—	5,750	5,750	—	—	5,209	5,209	(2,308	)	1895/2008, 2010	11/15/10	20
Elms Haven	Thornton, CO	100%	15,043	3,717	18,473	22,190	7	3,717	18,005	21,722	(5,415	)	1987/1989, 1997, 2007, 2008	11/15/10	40
Sable	Aurora, CO	100%	—	1,272	5,591	6,863	—	1,272	5,446	6,718	(1,824	)	1973	11/15/10	35
Carmichael	Carmichael, CA	100%	—	—	1,741	1,741	—	—	1,311	1,311	(759	)	1960/1976, 2010	11/15/10	40
Willows (CA)	Willows, CA	100%	—	137	1,426	1,563	—	137	1,250	1,387	(669	)	1969/2010, 2015	11/15/10	40
Washington Care	San Leandro, CA	100%	9,645	—	1,331	1,331	7	—	1,153	1,153	(502	)	1969/2010	11/15/10	40
Lake Drive	Henryetta, OK	100%	—	160	549	709	—	160	110	270	(77	)	1968	11/15/10	10
Langdon Place of Dover	Dover, NH	100%	4,414	801	10,036	10,837	—	801	9,215	10,016	(2,677	)	1987/2009	11/15/10	42
Clipper Harbor	Portsmouth, NH	100%	—	846	7,632	8,478	—	846	7,050	7,896	(2,646	)	1986/2009	11/15/10	43
Mineral Springs	North Conway, NH	100%	12,600	417	5,352	5,769	—	417	5,062	5,479	(1,693	)	1988/2009	11/15/10	43
Wolfeboro	Wolfeboro, NH	100%	10,614	454	4,531	4,985	—	454	4,282	4,736	(1,335	)	1984/1986, 1987, 2009	11/15/10	41
Langdon Place of Keene	Keene, NH	100%	4,930	304	3,992	4,296	—	304	3,682	3,986	(1,371	)	1995	11/15/10	46
Edmondson Care	Brownsville, KY	100%	—	446	5,087	5,533	—	446	4,563	5,009	(1,326	)	1994/2009	11/15/10	35
Heartland Villa	Lewisport, KY	100%	—	532	4,025	4,557	—	532	3,660	4,192	(1,019	)	1994/2009	11/15/10	35
Meridian Care	Meridian, ID	100%	—	840	8,342	9,182	—	840	8,096	8,936	(3,158	)	1997/2009	11/15/10	39
St. Joseph's	Trumbull, CT	100%	—	—	21,878	21,878	—	—	20,801	20,801	(7,708	)	1959	11/15/10	24
Oak Brook Health Care	Whitehouse, TX	100%	—	1,433	9,643	11,076	—	1,433	9,644	11,077	(1,430	)	1987	06/30/11	40
Broadmeadow Healthcare	Middletown, DE	100%	—	1,650	21,730	23,380	—	1,650	21,730	23,380	(2,756	)	2005	08/01/11	40
Capitol Healthcare	Dover, DE	100%	—	4,940	15,500	20,440	—	4,940	15,500	20,440	(2,056	)	1996	08/01/11	40
Pike Creek Healthcare	Wilmington, DE	100%	—	2,460	25,240	27,700	—	2,460	25,240	27,700	(3,236	)	2009	08/01/11	40
Renaissance Healthcare	Millsboro, DE	100%	—	1,640	22,620	24,260	—	1,640	22,620	24,260	(2,957	)	2008	08/01/11	40
Manokin Manor Nursing & Rehabilitation Center	Princess Anne, MD	100%	—	1,953	7,811	9,764	—	1,953	7,811	9,764	(1,181	)	1985/1987, 2013	09/30/11	40
Clara Burke	Plymouth Meeting, PA	100%	—	2,527	12,453	14,980	—	2,527	12,453	14,980	(1,463	)	1927/1990, 2007	03/30/12	40
Warrington	Warrington, PA	100%	—	2,617	11,662	14,279	—	2,617	11,662	14,279	(1,254	)	1958/2009	03/30/12	40
Ridgecrest	Duffield, VA	100%	—	509	5,018	5,527	579	509	5,597	6,106	(703	)	1981/2013	05/10/12	40
Derry	Derry, NH	100%	—	768	3,222	3,990	—	768	3,222	3,990	(377	)	1976/1994, 2000	06/01/12	40
Camden Care Center	Minneapolis, MN	100%	—	1,235	5,777	7,012	—	1,235	5,777	7,012	(537	)	1990	11/30/12	40
Arbrook Plaza	Arlington, TX	100%	—	3,783	14,219	18,002	—	3,783	14,219	18,002	(1,260	)	2002/2012	11/30/12	40
Northgate Plaza	Irving, TX	100%	—	4,901	10,299	15,200	—	4,901	10,299	15,200	(940	)	2003/2012, 2015	11/30/12	40



				Initial Cost to Company			Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period							Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land	Building and Improve- ments⁽¹⁾	Total		Land	Building and Improve- ments⁽¹⁾⁽³⁾	Total	Accumulated Depreciation and Amortization		Original Date of Construction/ Renovation	Date Acquired
Gulf Pointe Plaza	Rockport, TX	100%	—	1,005	6,628	7,633	—	1,005	6,628	7,633	(636	)	2002/2012	11/30/12	40
Gateway Senior Living	Lincoln, NE	100%	—	6,368	29,919	36,287	—	6,368	29,919	36,287	(1,614	)	1962/1996/2013	02/14/14	40
Legacy	Fremont, NE	100%	—	615	16,176	16,791	—	615	16,176	16,791	(957	)	2008	02/14/14	40
Pointe	Fremont, NE	100%	—	615	2,943	3,558	—	615	2,943	3,558	(207	)	1970/1979/1983/1994	02/14/14	40
Regency	South Sioux City, NE	100%	—	246	6,206	6,452	—	246	6,206	6,452	(447	)	1954/1968/1975/2000/2004	02/14/14	40
Parkmoor Village	Colorado Springs, CO	100%	—	430	13,703	14,133	—	430	13,703	14,133	(829	)	1985	03/05/14	40
Onion Creek	Austin, TX	100%	—	871	12,843	13,714	—	871	12,843	13,714	(495	)	2011	10/21/14	40
Adams PARC	Barlesville, OK	100%	—	1,332	6,904	8,236	—	1,332	6,904	8,236	(253	)	1989	10/29/14	40
PARCway	Oklahoma City, OK	100%	—	2,189	23,567	25,756	—	2,189	23,567	25,756	(769	)	1963/1984	10/29/14	40
Brookhaven Extensive Care	Norman, OK	100%	—	869	5,236	6,105	—	869	5,236	6,105	(215	)	2001/2013	10/29/14	40
St. Thomas More Medical Complex	Hyattsville, MD	100%	—	6,343	65,573	71,916	—	6,343	65,573	71,916	(987	)	1950/1976, 2008	06/30/15	40
Bay Ridge Healthcare Center	Annapolis, MD	100%	—	1,548	40,773	42,321	—	1,548	40,773	42,321	(569	)	1964/1993, 2012	06/30/15	40
NMS Healthcare of Silver Spring	Wheaton, MD	100%	—	676	56,897	57,573	—	676	56,897	57,573	(783	)	1966/1991, 2012	06/30/15	40
NMS Healthcare of Hagerstown	Hagerstown, MD	100%	10,766	1,475	56,241	57,716	—	1,475	56,241	57,716	(128	)	1953/1975, 2014	11/25/15	40

			125,285	116,493	964,438	1,080,931	2,189	116,493	934,696	1,051,189	(174,662	)
Senior Housing
Monroe House	Moses Lake, WA	100%	—	—	182	182	—	—	48	48	(33	)	1997	11/15/10	15
Forest Hills (ALF)	Broken Arrow, OK	100%	(2)	1,803	3,927	5,730	—	1,803	3,792	5,595	(1,483	)	2000	11/15/10	30
Langdon Place of Exeter	Exeter, NH	100%	3,554	571	7,183	7,754	—	571	6,540	7,111	(2,093	)	1987	11/15/10	43
Langdon Place of Nashua	Nashua, NH	100%	5,433	—	5,654	5,654	—	—	5,199	5,199	(1,551	)	1989	11/15/10	40
Heritage Place	Owensboro, KY	100%	—	668	5,492	6,160	—	668	5,158	5,826	(1,267	)	2001	11/15/10	38
Glen Crest	Danbury, CT	100%	—	1,356	6,666	8,022	—	1,356	6,590	7,946	(1,980	)	1986	11/15/10	32
Village at Northrise	Las Cruces, NM	100%	—	1,432	6,003	7,435	—	1,432	5,358	6,790	(2,437	)	1998/1999, 2010	11/15/10	29
Age-Well Senior Living	Green Bay, WI	100%	—	256	2,262	2,518	1,031	256	3,294	3,550	(766	)	2004/2011	11/22/11	40
New Dawn Memory Care	Aurora, CO	100%	—	2,874	12,829	15,703	—	2,874	12,829	15,703	(1,130	)	2009	09/20/12	40
Independence Village at Frankenmuth	Frankenmuth, MI	100%	—	5,027	20,929	25,956	—	5,027	20,929	25,956	(1,991	)	1982/2008	09/21/12	40
Gulf Pointe Village	Rockport, TX	100%	—	789	607	1,396	—	789	607	1,396	(91	)	1996	11/30/12	40
Aspen Ridge Retirement Village	Gaylord, MI	100%	—	2,024	5,467	7,491	—	2,024	5,467	7,491	(599	)	2002	12/14/12	40



				Initial Cost to Company			Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period							Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land	Building and Improve- ments⁽¹⁾	Total		Land	Building and Improve- ments⁽¹⁾⁽³⁾	Total	Accumulated Depreciation and Amortization		Original Date of Construction/ Renovation	Date Acquired
Green Acres of Cadillac	Cadillac, MI	100%	—	217	3,000	3,217	—	217	3,000	3,217	(278	)	2001/2006	12/14/12	40
Green Acres of Greenville	Greenville, MI	100%	—	684	5,832	6,516	—	684	5,832	6,516	(538	)	1999/2001, 2012, 2013	12/14/12	40
Green Acres of Manistee	Manistee, MI	100%	—	952	2,578	3,530	—	952	2,578	3,530	(262	)	2002	12/14/12	40
Green Acres of Mason	Mason, MI	100%	—	198	4,131	4,329	—	198	4,131	4,329	(399	)	2009/2012	12/14/12	40
Nottingham Place	Midland, MI	100%	—	744	1,745	2,489	—	744	1,745	2,489	(160	)	1995/2015	12/14/12	40
Royal View	Mecosta, MI	100%	—	307	2,477	2,784	—	307	2,477	2,784	(262	)	2001	12/14/12	40
Tawas Village	East Tawas, MI	100%	—	258	3,713	3,971	45	258	3,758	4,016	(464	)	2005	12/14/12	40
Turning Brook	Alpena, MI	100%	—	546	13,139	13,685	—	546	13,139	13,685	(1,090	)	2006/2008, 2010	12/14/12	40
Stoney River Marshfield	Marshfield, WI	100%	—	574	8,733	9,307	—	574	8,733	9,307	(752	)	2010	12/18/12	40
Greenfield of Woodstock	Woodstock, VA	100%	—	597	5,465	6,062	—	597	5,465	6,062	(398	)	1996/2015	06/28/13	40
Square	Fremont, NE	100%	—	504	17,670	18,174	—	504	17,670	18,174	(970	)	1989/2002	02/14/14	40
The Meadows	Norfolk, NE	100%	—	217	9,906	10,123	—	217	9,906	10,123	(567	)	1989/1991, 1994	02/14/14	40
Park Place	Fort Wayne, IN	100%	13,855	2,300	21,115	23,415	2,369	2,300	23,484	25,784	(1,062	)	2011	04/30/14	40
Parkview In Allen	Allen, TX	100%	—	2,190	45,767	47,957	—	2,190	45,767	47,957	(1,618	)	2004/2010	09/25/14	40
The Atrium At Gainesville	Gainesville, FL	100%	—	2,139	44,789	46,928	—	2,139	44,789	46,928	(1,666	)	1986/2013, 2015	09/25/14	40
The Chateau	Mckinney, TX	100%	—	2,760	44,397	47,157	—	2,760	44,397	47,157	(1,591	)	2006/2010	09/25/14	40
Gardens At Wakefield Plantation	Raleigh, NC	100%	—	2,344	37,506	39,850	—	2,344	37,506	39,850	(1,303	)	2002/2014	09/25/14	40
Las Brisas	San Luis Obispo, CA	100%	—	4,992	30,909	35,901	—	4,992	30,909	35,901	(1,116	)	1987/2006, 2015	09/25/14	40
Creekside Terrace	Winston-Salem, NC	100%	—	2,995	24,428	27,423	—	2,995	24,428	27,423	(899	)	2001	09/25/14	40
Colonial Village	Longview, TX	100%	—	805	26,498	27,303	—	805	26,498	27,303	(962	)	1985/2010	09/25/14	40
Garden Village	Kansas City, MO	100%	—	1,325	20,510	21,835	—	1,325	20,510	21,835	(784	)	1983	09/25/14	40
Desert Rose	Yuma, AZ	100%	—	530	21,775	22,305	—	530	21,775	22,305	(799	)	1996/2014	09/25/14	40
Windland South	Nashville, TN	100%	—	1,996	19,368	21,364	—	1,996	19,368	21,364	(759	)	1986/2000	09/25/14	40
Cedar Woods	Branford, CT	100%	—	2,403	18,821	21,224	—	2,403	18,821	21,224	(690	)	1987	09/25/14	40
Virginian	Richmond, VA	100%	—	1,080	19,545	20,625	—	1,080	19,545	20,625	(727	)	1989/2007	09/25/14	40
Monarch Estates	Auburn, AL	100%	—	3,209	17,326	20,535	—	3,209	17,326	20,535	(662	)	2001	09/25/14	40
Village At The Falls	Menomonee Falls, WI	100%	—	1,477	18,778	20,255	—	1,477	18,778	20,255	(716	)	2005/2006, 2007/2011	09/25/14	40
Holiday At The Atrium	Glenville, NY	100%	—	978	18,257	19,235	—	978	18,257	19,235	(679	)	2001/2014	09/25/14	40
Lake Ridge Village	Eustis, FL	100%	—	1,152	17,523	18,675	—	1,152	17,523	18,675	(665	)	1984/1988, 2013	09/25/14	40
Heritage Village	Mcallen, TX	100%	—	4,092	13,823	17,915	—	4,092	13,823	17,915	(544	)	1988	09/25/14	40
Madison Meadows	Phoenix, AZ	100%	—	2,567	12,029	14,596	—	2,567	12,029	14,596	(485	)	1986	09/25/14	40
South Wind Heights	Jonesboro, AR	100%	—	1,782	11,244	13,026	—	1,782	11,244	13,026	(444	)	1999	09/25/14	40



				Initial Cost to Company			Cost Capitalized Subsequent to Acquisition	Gross Amount at which Carried at Close of Period							Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances	Land	Building and Improve- ments⁽¹⁾	Total		Land	Building and Improve- ments⁽¹⁾⁽³⁾	Total	Accumulated Depreciation and Amortization		Original Date of Construction/ Renovation	Date Acquired
Harrison Regent	Ogden, UT	100%	—	794	10,873	11,667	—	794	10,873	11,667	(416	)	1985	09/25/14	40
Avalon MC - Boat Club	Fort Worth, TX	100%	—	359	8,126	8,485	—	359	8,126	8,485	(291	)	1996/2015	09/29/14	40
Avalon MC - 7200	Arlington, TX	100%	—	123	4,914	5,037	—	123	4,914	5,037	(177	)	1988/2014	09/29/14	40
Avalon MC - 7204	Arlington, TX	100%	—	215	4,821	5,036	—	215	4,821	5,036	(174	)	1988/2014	09/29/14	40
Avalon MC - 7140	Arlington, TX	100%	—	143	6,653	6,796	—	143	6,653	6,796	(233	)	2011	09/29/14	40
Delaney Creek Lodge	Brandon, FL	100%	—	1,283	8,424	9,707	35	1,283	8,459	9,742	(326	)	1999	10/01/14	40
Nature Coast Lodge	Lecanto, FL	100%	—	1,031	5,577	6,608	46	1,031	5,623	6,654	(246	)	1997	10/01/14	40
West Winds	Zephyrhills, FL	100%	—	1,688	9,098	10,786	55	1,688	9,153	10,841	(386	)	2008	10/01/14	40
Capital Place	Olympia, WA	100%	—	2,477	23,767	26,244	—	2,477	23,767	26,244	(864	)	1986	10/07/14	40
Tudor Heights	Baltimore, MD	100%	—	561	4,865	5,426	1,139	561	6,004	6,565	(212	)	1920/1997, 2015	10/14/14	40
New Haven AL	Schertz, TX	100%	—	1,174	6,298	7,472	—	1,174	6,298	7,472	(146	)	2012	04/10/15	40
Cherry Park	Penticton, BC	100%	5,016	740	6,562	7,302	—	740	6,562	7,302	(115	)	1990/1991, 2014	06/11/15	40
Orchard Valley	Vernon, BC	100%	6,966	817	10,393	11,210	—	817	10,393	11,210	(171	)	1990/2008	06/11/15	40
The Shores	Kamloops, BC	100%	5,232	658	7,776	8,434	—	658	7,776	8,434	(136	)	1992/2014	06/11/15	40
Kensington Court	Windsor, ON	100%	—	1,318	16,334	17,652	—	1,318	16,334	17,652	(275	)	1998	06/11/15	40
Masonville Manor	London, ON	100%	—	930	18,467	19,397	—	930	18,467	19,397	(305	)	1998/2015	06/11/15	40
Okanagan Chateau	Kelowna, BC	100%	—	2,249	8,051	10,300	—	2,249	8,051	10,300	(148	)	1990	06/11/15	40
Court at Laurelwood	Waterloo, ON	100%	—	1,766	21,451	23,217	—	1,766	21,451	23,217	(352	)	2005/2015	06/11/15	40
Fairwoods Lodge	Sarnia, ON	100%	—	1,150	19,717	20,867	—	1,150	19,717	20,867	(324	)	2000	06/11/15	40
Birmingham Lodge	Mount Forest, ON	100%	—	141	2,324	2,465	—	141	2,324	2,465	(58	)	1974/1976/1980	06/11/15	40
Life's Journey of Mattoon	Mattoon, IL	100%	—	812	6,796	7,608	—	812	6,796	7,608	(76	)	2006/2008	09/01/15	40
Life's Journey of Pana	Pana, IL	100%	—	154	2,098	2,252	—	154	2,098	2,252	(26	)	1998/2012	09/01/15	40
Life's Journey of Taylorville	Taylorville, IL	100%	—	267	5,201	5,468	—	267	5,201	5,468	(58	)	2012/2014	09/01/15	40
Life's Journey Estates	Mattoon, IL	100%	—	134	659	793	—	134	659	793	(9	)	1997	09/01/15	40
Life's Journey of Paris	Paris, IL	100%	—	132	3,090	3,222	—	132	3,090	3,222	(31	)	1998/2013	09/01/15	40
Ashley Pointe	Lake Stevens, WA	100%	—	1,559	9,059	10,618	—	1,559	9,059	10,618	(70	)	1998/2012	09/17/15	40
Farmington Square Eugene	Eugene, OR	100%	—	1,428	16,138	17,566	—	1,428	16,138	17,566	(110	)	1996/1997, 2011	09/17/15	40
Farmington Square Tualatin	Tualatin, OR	100%	—	527	14,659	15,186	—	527	14,659	15,186	(100	)	1995/1997	09/17/15	40
Farmington Square of Salem	Salem, OR	100%	—	1,074	19,421	20,495	—	1,074	19,421	20,495	(137	)	1989/1995	09/17/15	40
Maison Senior Living	Calgary, AB	100%	—	3,787	20,348	24,135	—	3,787	20,348	24,135	(96	)	2013	09/17/15	40
Colorado Springs	Colorado Springs, CO	100%	—	1,210	9,490	10,700	—	1,210	9,490	10,700	—		2013	11/16/15	40

			40,056	96,415	951,448	1,047,863	4,720	96,415	953,747	1,050,162	(45,800	)



					Initial Cost to Company						Cost Capitalized Subsequent to Acquisition		Gross Amount at which Carried at Close of Period											Life on Which Depreciation in Latest Income Statement is Computed
Description	Location	Ownership Percentage	Encum- brances		Land		Building and Improve- ments⁽¹⁾		Total				Land		Building and Improve- ments⁽¹⁾⁽³⁾		Total		Accumulated Depreciation and Amortization			Original Date of Construction/ Renovation	Date Acquired
Acute Care Hospital
Texas Regional Medical Center	Sunnyvale, TX	100%	—		4,020		57,620		61,640		—		4,020		57,620		61,640		(8,540		)	2009	05/03/11	40
Forest Park - Frisco	Frisco, TX	100%	—		4,966		109,201		114,167		—		4,966		109,201		114,167		(8,587		)	2012	10/22/13	40

			—		8,986		166,821		175,807		—		8,986		166,821		175,807		(17,127		)

Multi-property Indebtedness			12,509		—		—		—		—		—		—		—		—

			177,850		221,894		2,082,707		2,304,601		6,909		221,894		2,055,264		2,277,158		(237,589		)

Corporate Assets			—		—		136		136		163		—		299		299		(252		)

			$	177,850	$	221,894	$	2,082,843	$	2,304,737	$	7,072	$	221,894	$	2,055,563	$	2,277,457	$	(237,841	)


⁽¹⁾	Building and building improvements include land improvements and furniture and equipment.


⁽²⁾	Property serves as collateral for a mortgage loan totaling $12.5 million as of December 31, 2015.


⁽³⁾	The aggregate cost of real estate for federal income tax purposes was $2.3 billion.

SABRA HEALTH CARE REIT, INC.

SCHEDULE III

REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION

(dollars in thousands)




	Year Ended December 31,
	2015			2014			2013
Real estate:
Balance at the beginning of the period	$	1,831,799		$	1,066,496		$	956,614
Acquisitions	482,125			792,510			120,229
Addition due to consolidation of variable interest entity	10,700			—			—
Improvements	3,689			1,471			764
Sale of real estate	(29,395		)	(23,265		)	—
Foreign currency translation	(16,944		)	—			—
Write-off of fully depreciated assets	(4,517		)	(5,413		)	(11,111		)

Balance at the end of the year	$	2,277,457		$	1,831,799		$	1,066,496

Accumulated depreciation:
Balance at the beginning of the period	$	(185,994	)	$	(151,078	)	$	(129,479	)
Depreciation expense	(59,864		)	(42,021		)	(32,710		)
Sale of real estate	3,384			1,692			—
Foreign currency translation	116			—			—
Write-off of fully depreciated assets	4,517			5,413			11,111

Balance at the end of the year	$	(237,841	)	$	(185,994	)	$	(151,078	)