CNL HEALTHCARE PROPERTIES, INC. AND SUBSIDIARIES

SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION

AS OF DECEMBER 31, 2016 (in thousands)

			Initial Costs				Costs Capitalized Subsequent to Acquisition						Gross Amounts at which Carried at Close of Period ⁽²⁾
Property/Location	Encum- brances		Land & Land Improve- ments		Building and Building Improve- ments		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process		Total		Accumu-lated Depreci-ation			Date of Construction	Date Acquired	Life on which depreciation in latest income statement is computed
Primrose Retirement Community of Casper
Casper, Wyoming	$	11,789	$	1,910	$	16,310	$	—		296	―			1,910		16,606	―			18,516		(2,099	)	2004	2/16/2012	(1)

Primrose Retirement Community of Grand Island
Grand Island, Nebraska	$	8,316	$	719	$	12,140	$	25	―		―			744		12,140	―			12,884		(1,620	)	2005	2/16/2012	(1)

Primrose Retirement Community of Mansfield
Mansfield, Ohio	$	11,315	$	650	$	16,720	$	229		71	―			879		16,791	―			17,670		(2,231	)	2007	2/16/2012	(1)

Primrose Retirement Community of Marion
Marion, Ohio	$	9,385	$	889	$	16,305	$	—	―		―			889		16,305	―			17,194		(2,150	)	2006	2/16/2012	(1)

Sweetwater Retirement Community
Billings, Montana		10,193	$	1,578	$	14,205	$	19	―		―			1,597		14,205	―			15,802		(1,827	)	2006	2/16/2012	(1)

HarborChase of Villages Crossing
Lady Lake, Florida ("The Villages")	$	—	$	2,165	$	—	$	986		15,424	―			3,151		15,424	―			18,575		(1,264	)	2013	8/29/2012	(1)

Primrose Retirement Community Cottages
Aberdeen, South Dakota	$	—	$	311	$	3,794	$	—	―		―			311		3,794	―			4,105		(421	)	2005	12/19/2012	(1)

Primrose Retirement Community of Council Bluffs
Council Bluffs, Iowa ("Omaha")	$	—	$	1,144	$	11,117	$	5	―		―			1,149		11,117	―			12,266		(1,268	)	2008	12/19/2012	(1)

Primrose Retirement Community of Decatur
Decatur, Illinois	$	10,344	$	513	$	16,706	$	—		154	―			513		16,860	―			17,373		(1,824	)	2009	12/19/2012	(1)

Primrose Retirement Community of Lima
Lima, Ohio	$	—	$	944	$	17,115	$	8		4	―			952		17,119	―			18,071		(1,864	)	2006	12/19/2012	(1)

Primrose Retirement Community of Zanesville
Zanesville, Ohio	$	11,674	$	1,184	$	17,292	$	—		67	―			1,184		17,359	―			18,543		(1,887	)	2008	12/19/2012	(1)

Symphony Manor
Baltimore, Maryland	$	11,683	$	2,319	$	19,444	$	—		78	―			2,319		19,522	―			21,841		(2,089	)	2011	12/21/2012	(1)

Curry House Assisted Living & Memory Care
Cadillac, Michigan	$	6,008	$	995	$	11,072	$	9		―	―			1,004		11,072	―			12,076		(1,202	)	1966	12/21/2012	(1)

Tranquillity at Fredericktowne
Frederick, Maryland	$	5,779	$	808	$	14,291	$	—		32		1,407		808		14,323		1,407		16,538		(1,534	)	2000	12/21/2012	(1)

Brookridge Heights Assisted Living & Memory Care
Marquette, Michigan	$	5,925	$	595	$	11,339	$	—		11		2,391		595		11,350		2,391		14,336		(1,213	)	1998	12/21/2012	(1)

Woodholme Gardens Assisted Living & Memory Care
Pikesville, Maryland ("Baltimore")	$	7,000	$	1,603	$	13,472	$	11	―		―			1,614		13,472	―			15,086		(1,457	)	2010	12/21/2012	(1)

Batesville Healthcare Center
Batesville, Arkansas	$	—	$	397	$	5,382	$	—	―		―			397		5,382	―			5,779		(502	)	1975	5/31/2013	(1)

Broadway Healthcare Center
West Memphis, Arkansas	$	—	$	438	$	10,560	$	—		77	―			438		10,637	―			11,075		(1,002	)	1994	5/31/2013	(1)

			Initial Costs				Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at Close of Period ⁽²⁾
Property/Location	Encum- brances		Land & Land Improve- ments		Building and Building Improve- ments		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Total		Accumu-lated Depreci-ation			Date of Construction	Date Acquired	Life on which depreciation in latest income statement is computed
Jonesboro Healthcare Center
Jonesboro, Arkansas	$	—	$	527	$	13,493	$	—		5	―		527		13,498	―		14,025		(1,260	)	2012	5/31/2013	(1)

Magnolia Healthcare Center
Magnolia, Arkansas	$	—	$	421	$	10,454	$	—	―		―		421		10,454	―		10,875		(992	)	2009	5/31/2013	(1)

Mine Creek Healthcare Center
Nashville, Arkansas	$	—	$	135	$	2,942	$	11		10	―		146		2,952	―		3,098		(291	)	1978	5/31/2013	(1)

Searcy Healthcare Center
Searcy, Arkansas	$	—	$	648	$	6,017	$	—		50	―		648		6,067	―		6,715		(584	)	1973	5/31/2013	(1)

LaPorte Cancer Center
Westville, Indiana	$	7,797	$	433	$	10,846	$	—	―		―		433		10,846	―		11,279		(1,040	)	2010	6/14/2013	(1)

Jefferson Medical Commons
Jefferson City, Tennessee ("Knoxville")	$	7,598	$	151	$	10,236	$	—		162	―		151		10,398	―		10,549		(954	)	2001	7/10/2013	(1)

Physicians Plaza A at North Knoxville Medical Center
Powell, Tennessee ("Knoxville")	$	11,855	$	262	$	16,976	$	—		9	―		262		16,985	―		17,247		(1,585	)	2005	7/10/2013	(1)

Physicians Plaza B at North Knoxville Medical Center
Powell, Tennessee ("Knoxville")	$	14,260	$	303	$	18,754	$	—		318	―		303		19,072	―		19,375		(1,758	)	2008	7/10/2013	(1)

Physicians Regional Medical Center - Central Wing Annex
Knoxville, Tennessee	$	3,778	$	73	$	5,285	$	—	―		―		73		5,285	―		5,358		(491	)	2004	7/10/2013	(1)

HarborChase of Jasper
Jasper, Alabama	$	—	$	355	$	6,358	$	—		1	―		355		6,359	―		6,714		(577	)	1998	7/31/2013	(1)

Chestnut Commons MOB
Elyria, Ohio ("Cleveland")	$	—	$	2,053	$	15,650	$	38	―		―		2,091		15,650	―		17,741		(1,539	)	2008	8/16/2013	(1)

Doctors Specialty Hospital
Leawood, Kansas ("Kansas City")	$	—	$	924	$	5,771	$	16	―		―		940		5,771	―		6,711		(550	)	2001	8/16/2013	(1)

Escondido Medical Arts Center
Escondido, California ("San Diego")	$	—	$	1,863	$	12,199	$	—		23	―		1,863		12,222	―		14,085		(1,078	)	1994	8/16/2013	(1)

John C. Lincoln Medical Office Plaza I
Phoenix, Arizona	$	—	$	233	$	2,779	$	—		22	―		233		2,801	―		3,034		(286	)	1980	8/16/2013	(1)

John C. Lincoln Medical Office Plaza II
Phoenix, Arizona	$	—	$	138	$	1,908	$	—		15	―		138		1,923	―		2,061		(197	)	1984	8/16/2013	(1)

North Mountain Medical Plaza
Phoenix, Arizona	$	—	$	297	$	4,079	$	—		78	―		297		4,157	―		4,454		(415	)	1994	8/16/2013	(1)

Raider Ranch
Lubbock, Texas	$	—	$	4,992	$	48,818	$	436		12,077	―		5,428		60,895	―		66,323		(4,628	)	2009	8/29/2013	(1)

			Initial Costs				Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at Close of Period ⁽²⁾
Property/Location	Encum- brances		Land & Land Improve- ments		Building and Building Improve- ments		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Total		Accumu-lated Depreci-ation			Date of Construction	Date Acquired	Life on which depreciation in latest income statement is computed
Town Village
Oklahoma City, Oklahoma	$	—	$	1,020	$	19,847	$	—		1,356	―		1,020		21,203	―		22,223		(1,738	)	2004	8/29/2013	(1)

Calvert Medical Arts Center
Prince Frederick, Maryland ("Washington D.C.")	$	12,233	$	20	$	17,838	$	1		86	―		21		17,924	―		17,945		(1,541	)	2009	8/30/2013	(1)

Calvert MOBs I, II & III
Prince Frederick, Maryland ("Washington D.C.")	$	10,390	$	51	$	14,334	$	—		273	―		51		14,607	―		14,658		(1,278	)	1991/1999/2000	8/30/2013	(1)

Dunkirk Medical Center
Dunkirk, Maryland ("Washington D.C.")	$	2,923	$	351	$	2,991	$	20		25	―		371		3,016	―		3,387		(337	)	1997	8/30/2013	(1)

Prestige Senior Living Beaverton Hills
Beaverton, Oregon ("Portland")	$	8,994	$	1,387	$	10,324	$	—	―		―		1,387		10,324	―		11,711		(857	)	2000	12/2/2013	(1)

Prestige Senior Living High Desert
Bend, Oregon	$	7,780	$	835	$	11,252	$	13	―		―		848		11,252	―		12,100		(971	)	2003	12/2/2013	(1)

MorningStar of Billings
Billings, Montana	$	19,161	$	4,067	$	41,373	$	14		68	―		4,081		41,441	―		45,522		(3,616	)	2009	12/2/2013	(1)

MorningStar of Boise
Boise, Idaho	$	20,453	$	1,663	$	35,752	$	12	―		―		1,675		35,752	―		37,427		(2,947	)	2007	12/2/2013	(1)

Prestige Senior Living Huntington Terrace
Gresham, Oregon ("Portland")	$	9,962	$	1,236	$	12,083	$	2		11	―		1,238		12,094	―		13,332		(1,019	)	2000	12/2/2013	(1)

MorningStar of Idaho Falls
Idaho Falls, Idaho	$	17,498	$	2,006	$	40,397	$	5		68	―		2,011		40,465	―		42,476		(3,398	)	2009	12/2/2013	(1)

Prestige Senior Living Arbor Place
Medford, Oregon	$	8,009	$	355	$	14,083	$	—	―		―		355		14,083	―		14,438		(1,157	)	2003	12/2/2013	(1)

Prestige Senior Living Orchard Heights
Salem, Oregon	$	12,030	$	545	$	15,544	$	6		71	―		551		15,615	―		16,166		(1,270	)	2002	12/2/2013	(1)

Prestige Senior Living Southern Hills
Salem, Oregon	$	7,311	$	653	$	10,753	$	31	―		―		684		10,753	―		11,437		(896	)	2001	12/2/2013	(1)

MorningStar of Sparks
Sparks, Nevada ("Reno")	$	23,191	$	3,986	$	47,968	$	3		23	―		3,989		47,991	―		51,980		(4,070	)	2009	12/2/2013	(1)

Prestige Senior Living Five Rivers
Tillamook, Oregon	$	7,536	$	1,298	$	14,064	$	5		49	―		1,303		14,113	―		15,416		(1,241	)	2002	12/2/2013	(1)

Prestige Senior Living Riverwood
Tualatin, Oregon ("Portland")	$	4,372	$	1,028	$	7,429	$	—		38	―		1,028		7,467	―		8,495		(642	)	1999	12/2/2013	(1)

Chula Vista Medical Arts Center - Plaza II
Chula Vista, California ("San Diego")	$	—	$	2,462	$	7,453	$	9		369	―		2,471		7,822	―		10,293		(632	)	1985	12/23/2013	(1)

Coral Springs MOB I
Coral Springs, Florida	$	—	$	2,614	$	11,220	$	—	―		―		2,614		11,220	―		13,834		(956	)	2005	12/23/2013	(1)

Coral Springs MOB II
Coral Springs, Florida	$	—	$	2,614	$	12,130	$	1	―		―		2,615		12,130	―		14,745		(1,034	)	2008	12/23/2013	(1)

			Initial Costs				Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at Close of Period ⁽²⁾
Property/Location	Encum- brances		Land & Land Improve- ments		Building and Building Improve- ments		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Total		Accumu-lated Depreci-ation			Date of Construction	Date Acquired	Life on which depreciation in latest income statement is computed
Chula Vista Medical Arts Center - Plaza I
Chula Vista, California ("San Diego")	$	—	$	6,130	$	10,293	$	14		200	―		6,144		10,493	―		16,637		(832	)	1975	1/21/2014	(1)

Prestige Senior Living Auburn Meadows
Auburn, Washington ("Seattle")	$	10,278	$	2,537	$	17,261	$	—		3	―		2,537		17,264	―		19,801		(1,377	)	2003/2010	2/3/2014	(1)

Prestige Senior Living Bridgewood
Vancouver, Washington ("Portland")	$	12,849	$	1,603	$	18,172	$	—	―		―		1,603		18,172	―		19,775		(1,437	)	2001	2/3/2014	(1)

Prestige Senior Living Monticello Park
Longview, Washington	$	17,927	$	1,981	$	23,056	$	—	―		―		1,981		23,056	―		25,037		(1,800	)	2001/2010	2/3/2014	(1)

Prestige Senior Living Rosemont
Yelm, Washington	$	9,258	$	668	$	14,564	$	—	―		―		668		14,564	―		15,232		(1,124	)	2004	2/3/2014	(1)

Wellmore of Tega Cay
Tega Cay, South Carolina ("Charlotte")	$	—	$	2,445	$	—	$	2,740		23,440	―		5,185		23,440	―		28,625		(1,176	)	(3)	2/7/2014	(1)

Isle at Cedar Ridge
Cedar Park, Texas ("Austin")	$	—	$	1,525	$	16,277	$	—		185	―		1,525		16,462	―		17,987		(1,292	)	2011	2/28/2014	(1)

Prestige Senior Living West Hills
Corvallis, Oregon	$	8,589	$	842	$	12,603	$	—	―		―		842		12,603	―		13,445		(995	)	2002	3/3/2014	(1)

HarborChase of Plainfield
Plainfield, Illinois	$	—	$	1,596	$	21,832	$	—	―		―		1,596		21,832	―		23,428		(1,627	)	2010	3/28/2014	(1)

Legacy Ranch Alzheimer's Special Care Center
Midland, Texas	$	—	$	917	$	9,982	$	2	―		―		919		9,982	―		10,901		(759	)	2012	3/28/2014	(1)

The Springs Alzheimer's Special Care Center
San Angelo, Texas	$	—	$	595	$	9,658	$	—	―		―		595		9,658	―		10,253		(734	)	2012	3/28/2014	(1)

Isle at Watercrest - Bryan
Bryan, Texas	$	—	$	714	$	18,140	$	5		212	―		719		18,352	―		19,071		(1,298	)	2011	4/21/2014	(1)

Watercrest at Bryan
Bryan, Texas	$	—	$	2,509	$	22,441	$	4		96	―		2,513		22,537	―		25,050		(1,739	)	2009	4/21/2014	(1)

Isle at Watercrest - Mansfield
Mansfield, Texas ("Dallas/Fort Worth")	$	—	$	997	$	24,635	$	—	―		―		997		24,635	―		25,632		(1,745	)	2011	5/5/2014	(1)

Memorial Hermann Orthopedic & Spine Hospital
Bellaire, Texas ("Houston")	$	30,936	$	3,867	$	32,761	$	—	―		―		3,867		32,761	―		36,628		(2,207	)	2007	6/2/2014	(1)

MHOSH MOB
Bellaire, Texas ("Houston")	$	17,047	$	3,738	$	20,525	$	—		700	―		3,738		21,225	―		24,963		(1,402	)	2007	6/2/2014	(1)

Watercrest at Katy
Katy, Texas ("Houston")	$	24,047	$	4,000	$	—	$	90		32,370	―		4,090		32,370	―		36,460		(492	)	(3)	6/27/2014	(1)

Watercrest at Mansfield
Mansfield, Texas ("Dallas/Fort Worth")	$	26,165	$	2,191	$	42,740	$	—		56	―		2,191		42,796	―		44,987		(2,865	)	2010	6/30/2014	(1)

			Initial Costs				Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at Close of Period ⁽²⁾
Property/Location	Encum- brances		Land & Land Improve- ments		Building and Building Improve- ments		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Total		Accumu-lated Depreci-ation			Date of Construction		Date Acquired	Life on which depreciation in latest income statement is computed
HarborChase of Shorewood
Shorewood, Wisconsin ("Milwaukee")	$	14,755	$	2,200	$	—	$	296		19,862	―		2,496		19,862	―		22,358		(572	)		(3)	7/8/2014	(1)

Oklahoma City Inpatient Rehabilitation Hospital
Oklahoma City, Oklahoma	$	15,827	$	3,341	$	19,249	$	—	―		―		3,341		19,249	―		22,590		(1,356	)		2012	7/15/2014	(1)

Las Vegas Inpatient Rehabilitation Hospital
Las Vegas, Nevada	$	13,835	$	2,650	$	16,979	$	—	―		―		2,650		16,979	―		19,629		(1,209	)		2007	7/15/2014	(1)

South Bend Inpatient Rehabilitation Hospital
Mishawaka, Indiana ("South Bend")	$	12,562	$	2,339	$	16,239	$	4	―		―		2,343		16,239	―		18,582		(1,172	)		2009	7/15/2014	(1)

Beaumont Specialty Hospital
Beaumont, Texas ("Houston")	$	20,852	$	2,749	$	28,863	$	—	―		―		2,749		28,863	―		31,612		(1,880	)		2013	8/15/2014	(1)

Hurst Specialty Hospital
Hurst, Texas ("Dallas/Fort Worth")	$	18,288	$	2,510	$	24,091	$	—	―		―		2,510		24,091	―		26,601		(1,571	)	2004/2012		8/15/2014	(1)

Claremont Medical Office
Claremont, CA ("Los Angeles")	$	12,478	$	6,324	$	13,533	$	—		18	―		6,324		13,551	―		19,875		(930	)		2008	8/29/2014	(1)

Lee Hughes MOB
Glendale, California ("Los Angeles")	$	18,102	$	69	$	22,967	$	—		22	―		69		22,989	―		23,058		(1,337	)		2008	9/29/2014	(1)

Newburyport Medical Center
Newburyport, Massachusetts ("Boston")	$	—	$	2,614	$	12,135	$	—	―		―		2,614		12,135	―		14,749		(802	)		2008	10/31/2014	(1)

Northwest Medical Park Building
Margate, Florida ("Fort Lauderdale")	$	6,886	$	610	$	6,170	$	—		58	―		610		6,228	―		6,838		(431	)		2004	10/31/2014	(1)

Fairfield Village of Layton
Layton, Utah ("Salt Lake City")	$	—	$	5,217	$	54,167	$	—		5	―		5,217		54,172	―		59,389		(3,206	)		2010	11/20/2014	(1)

ProMed Building I
Yuma, Arizona	$	6,865	$	2,486	$	6,728	$	—	―		―		2,486		6,728	―		9,214		(402	)		2006	12/19/2014	(1)

Midtown Medical Plaza
Charlotte, North Carolina	$	28,438	$	10	$	51,237	$	—		12	―		10		51,249	―		51,259		(2,629	)		1994	12/22/2014	(1)

Presbyterian Medical Tower
Charlotte, North Carolina	$	18,903	$	40	$	32,345	$	—		5	―		40		32,350	―		32,390		(1,664	)		1989	12/22/2014	(1)

Metroview Professional Building
Charlotte, North Carolina	$	8,979	$	11	$	15,910	$	—		14	―		11		15,924	―		15,935		(817	)		1971	12/22/2014	(1)

Physicians Plaza Huntersville
Huntersville, North Carolina ("Charlotte")	$	15,784	$	520	$	26,134	$	—		76	―		520		26,210	―		26,730		(1,409	)		2004	12/22/2014	(1)

Matthews Medical Office Building
Matthews, North Carolina ("Charlotte")	$	11,075	$	350	$	19,624	$	—	―		―		350		19,624	―		19,974		(1,053	)		1994	12/22/2014	(1)

Outpatient Care Center
Clyde, North Carolina ("Asheville")	$	10,359	$	1,169	$	12,079	$	9	―		―		1,178		12,079	―		13,257		(635	)		2012	12/22/2014	(1)

			Initial Costs				Costs Capitalized Subsequent to Acquisition					Gross Amounts at which Carried at Close of Period ⁽²⁾
Property/Location	Encum- brances		Land & Land Improve- ments		Building and Building Improve- ments		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process	Total		Accumu-lated Depreci-ation			Date of Construction	Date Acquired	Life on which depreciation in latest income statement is computed
330 Physicians Center
Rome, Georgia	$	19,262	$	12	$	26,868	$	—		5	―		12		26,873	―		26,885		(1,379	)	1987/2005	12/22/2014	(1)

Spivey Station Physicians Center
Atlanta, Georgia	$	9,428	$	1,026	$	12,246	$	—	―		―		1,026		12,246	―		13,272		(689	)	2007	12/22/2014	(1)

Spivey Station ASC Building
Atlanta, Georgia	$	12,046	$	929	$	13,769	$	—	―		―		929		13,769	―		14,698		(761	)	2009	12/22/2014	(1)

Novi Orthopaedic Center
Novi, Michigan	$	19,825	$	1,314	$	26,239	$	30	―		―		1,344		26,239	―		27,583		(1,460	)	2008	2/13/2015	(1)

UT Cancer Institute Building
Knoxville, Tennessee	$	20,817	$	421	$	27,621	$	—	66		―		421		27,687	―		28,108		(1,350	)	2012	2/20/2015	(1)

Fieldstone Memory Care
Yakima, Washington	$	—	$	1,297	$	9,965	$	—	—		―		1,297		9,965	―		11,262		(494	)	2014	3/31/2015	(1)

Bend Memorial Clinic MOB
Bend, Oregon	$	—	$	9,069	$	19,867	$	—	―		―		9,069		19,867	―		28,936		(1,025	)	1976	5/11/2015	(1)

Stoneterra Medical Plaza
San Antonio, Texas	$	—	$	2,864	$	10,412	$	—	―		―		2,864		10,412	―		13,276		(474	)	2006	5/29/2015	(1)

Primrose Retirement Center of Anderson
Anderson, Indiana ("Muncie")	$	—	$	1,342	$	19,083	$	—	―		―		1,342		19,083	―		20,425		(852	)	2008	5/29/2015	(1)

Primrose Retirement Center of Lancaster
Lancaster, Ohio ("Columbus")	$	—	$	2,840	$	21,884	$	—	―		―		2,840		21,884	―		24,724		(1,077	)	2007	5/29/2015	(1)

Primrose Retirement Center of Wausau
Wausau, Wisconsin ("Green Bay")	$	—	$	1,089	$	18,653	$	—	―		―		1,089		18,653	―		19,742		(801	)	2008	5/29/2015	(1)

Triangle Orthopaedic Durham
Durham, North Carolina	$	12,800	$	3,191	$	14,523	$	134	―		―		3,325		14,523	―		17,848		(641	)	2000	6/29/2015	(1)

Triangle Orthopaedic Roxboro
Roxboro, North Carolina	$	1,300	$	287	$	1,406	$	—	―		―		287		1,406	―		1,693		(66	)	2000	6/29/2015	(1)

Triangle Orthopaedic Chapel Hill
Chapel Hill, North Carolina	$	1,900	$	360	$	2,306	$	—	―		―		360	2,306		―		2,666	(99)			2011	6/29/2015	(1)

Triangle Orthopaedic Oxford
Oxford, North Carolina	$	2,800	$	658	$	3,074	$	—	―		―		658	3,074		―		3,732	(144)			2011	6/29/2015	(1)

North Carolina Specialty Hospital
Durham, North Carolina	$	19,000	$	3,173	$	22,762	$	—	―		―		3,173	22,762		―		25,935	(945)			2004	6/29/2015	(1)

Doctor's Park Building B
Chula Vista, California ("San Diego")	$	—	$	1,161	$	2,919	$	—	―		―		1,161		2,919	―		4,080		(128	)	2008	6/30/2015	(1)

Doctor's Park Building C
Chula Vista, California ("San Diego")	$	—	$	2,323	$	6,351	$	—	―		―		2,323		6,351	―		8,674		(276	)	2006	6/30/2015	(1)

			Initial Costs				Costs Capitalized Subsequent to Acquisition						Gross Amounts at which Carried at Close of Period ⁽²⁾
Property/Location	Encum- brances		Land & Land Improve- ments		Building and Building Improve- ments		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process		Total		Accumu-lated Depreci-ation			Date of Construction	Date Acquired	Life on which depreciation in latest income statement is computed
Superior Residences of Panama City
Panama City Beach, Florida	$	—	$	2,099	$	19,367	$	—	$	—	$	—	$	2,099	$	19,367	$	—	$	21,466	$	(818	)	2015	7/15/2015	(1)

540 New Waverly Place
Cary, North Carolina ("Raleigh")	$	6,868	$	2,476	$	11,009	$	—	―		―			2,476		11,009	―			13,485		(463	)	2007	7/20/2015	(1)

MedHelp
Birmingham, Alabama	$	—	$	2,270	$	10,359	$	—	―		―			2,270		10,359	―			12,629		(403	)	2015	7/31/2015	(1)

Patriot Professional Center
Frederick, Maryland ("Baltimore")	$	—	$	3,912	$	11,781	$	—	―		―			3,912		11,781	―			15,693		(497	)	2006/2014	7/31/2015	(1)

Liberty Professional Center
Frederick, Maryland ("Baltimore")	$	—	$	1,977	$	4,462	$	10	―		―			1,987		4,462	―			6,449		(185	)	1979/2013	7/31/2015	(1)

The Hampton at Meadows Place
Meadows Place, Texas ("Houston")	$	—	$	715	$	24,281	$	—	―		―			715		24,281	―			24,996		(898	)	2007/2013/2014	7/31/2015	(1)

The Pavilion at Great Hills
Austin, Texas	$	—	$	1,783	$	29,318	$	—	―		―			1,783		29,318	―			31,101		(1,094	)	2010	7/31/2015	(1)

The Beacon at Gulf Breeze
Gulf Breeze, Florida ("Pensacola")	$	—	$	824	$	24,106	$	—	―		―			824		24,106	―			24,930		(927	)	2008	7/31/2015	(1)

Parc at Piedmont
Marietta, Georgia ("Atlanta")	$	—	$	3,529	$	43,080	$	—	―		―			3,529		43,080	―			46,609		(1,662	)	2001/2011	7/31/2015	(1)

Parc at Duluth
Duluth, Georgia ("Atlanta")	$	—	$	5,951	$	42,458	$	—	―		―			5,951		42,458	―			48,409		(1,637	)	2003/2012	7/31/2015	(1)

Broadway Medical Plaza 1
Columbia, Missouri	$	—	$	437	$	9,281	$	—	―		―			437		9,281	―			9,718		(356	)	1994	8/21/2015	(1)

Broadway Medical Plaza 2
Columbia, Missouri	$	—	$	386	$	12,460	$	—	―		―			386		12,460	―			12,846		(460	)	1999	8/21/2015	(1)

Broadway Medical Plaza 4
Columbia, Missouri	$	—	$	170	$	12,118	$	—	―		―			170		12,118	―			12,288		(429	)	2007	8/21/2015	(1)

Waterstone on Augusta
Greenville, South Carolina	$	12,698	$	2,253	$	—	$	—	―			21,901		2,253	―			21,901		24,154	―			(3)	8/31/2015	(1)

Welbrook Senior Living Grand Junction
Grand Junction, Colorado	$	—	$	1,050	$	—	$	—	―			11,844		1,050	―			11,844		12,894	―			(3)	9/4/2015	(1)

Wellmore of Lexington
Lexington, South Carolina ("Columbia")	$	13,542	$	2,300	$	—	$	—	―			36,673		2,300	―			36,673		38,973	―			(3)	9/14/2015	(1)

Palmilla Senior Living
Albuquerque, New Mexico	$	27,000	$	4,701	$	38,321	$	—	―		―			4,701		38,321	―			43,022		(1,312	)	2013	9/30/2015	(1)

Cedar Lake Assisted Living and Memory Care
Lake Zurich, Illinois ("Chicago")	$	—	$	2,412	$	25,126	$	2	―		―			2,414		25,126	―			27,540		(859	)	2014	9/30/2015	(1)

			Initial Costs				Costs Capitalized Subsequent to Acquisition						Gross Amounts at which Carried at Close of Period ⁽²⁾
Property/Location	Encum- brances		Land & Land Improve- ments		Building and Building Improve- ments		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process		Land & Land Improve- ments		Building and Building Improve- ments		Construc- tion in Process		Total		Accumu-lated Depreci-ation			Date of Construction	Date Acquired	Life on which depreciation in latest income statement is computed
Fieldstone at Pear Orchard
Yakima Washington	$	8,861	$	1,035	$	—	$	87		12,273	―			1,122		12,273	―			13,395		(27	)	(3)	10/12/2015	(1)

The Shores at Lake Phalen
Maplewood, Minnesota ("St. Paul")	$	—	$	2,724	$	25,093	$	—	―		―			2,724		25,093	―			27,817		(793	)	2012	11/10/2015	(1)

Dogwood Forrest of Grayson
Grayson, Georgia	$	3,351	$	1,788	$	—	$	50	―			15,506		1,838	―			15,506		17,344	―			(3)	11/24/2015	(1)

Center One
Jacksonville, Florida	$	—	$	8,294	$	21,756	$	—	―		―			8,294		21,756	―			30,050		(678	)	2006	11/30/2015	(1)

Red Bank Professional Office Building
Cincinnati, Ohio	$	—	$	1,721	$	7,721	$	—	―		―			1,721		7,721	―			9,442		(236	)	2001	12/14/2015	(1)

Park Place Senior Living at WingHaven
O'Fallon, Missouri ("St. Louis")	$	—	$	1,283	$	48,221	$	—	―		―			1,283		48,221	―			49,504		(1,269	)	2006/2014	12/17/2015	(1)

Siena Pavilion IV
Henderson, Nevada ("Las Vegas")	$	—	$	1,454	$	4,786	$	—	―		―			1,454		4,786	―			6,240		(140	)	2002	12/18/2015	(1)

Siena Pavilion V
Henderson, Nevada ("Las Vegas")	$	—	$	3,944	$	20,355	$	—	―		―			3,944		20,355	―			24,299		(584	)	2003	12/18/2015	(1)

Siena Pavilion VI
Henderson, Nevada ("Las Vegas")	$	—	$	2,599	$	18,725	$	—	―		―			2,599		18,725	―			21,324		(505	)	2005	12/18/2015	(1)

Hearthside Senior Living of Collierville
Collierville, Tennessee ("Memphis")	$	—	$	1,756	$	13,379	$	―	―		―			1,756		13,379	―			15,135		(374	)	2014	12/29/2015	(1)

Cobalt Rehabilitation Hospital Surprise
Surprise, Arizona ("Phoenix")	$	15,379	$	2,464	$	17,983	$	—	―		―			2,464		17,983	―			20,447		(511	)	2015	12/30/2015	(1)

Cobalt Rehabilitation Hospital New Orleans	$	19,500	$	3,283		20,142	$	—	―		―			3,283		20,142	―			23,425		(91	)	2016	10/19/2016	(1)
New Orleans, Louisiana
	$	944,003	$	240,171		2,235,690		5,392		121,099		89,722		245,563		2,356,789		89,722		2,692,074		(153,124	)

Transactions in real estate and accumulated depreciation as of December 31, 2016 are as follows:

Balance December 31, 2013	$	859,877		Balance December 31, 2013	$	(11,011	)
2014 Acquisitions		822,305		2014 Depreciation		(29,456	)
2014 Improvements		39,247		Balance December 31, 2014		(40,467	)
Balance December 31, 2014		1,721,429		2015 Depreciation		(49,734	)
2015 Acquisitions		802,456		Balance December 31, 2015		(90,201	)
2015 Improvements		65,018		2016 Depreciation		(63,745	)
Balance December 31, 2015		2,588,903		2016 Accumulated depreciation on dispositions		822
2016 Acquisitions		23,425		Balance December 31, 2016	$	(153,124	)
2016 Improvements		97,767
2016 Dispositions		(18,021	)
Balance December 31, 2016	$	2,692,074

FOOTNOTES:

⁽¹⁾	Buildings and building improvements are depreciated over 39 and 15 years, respectively. Tenant improvements are depreciated over the terms of their respective leases.

⁽²⁾	The aggregate cost for federal income tax purposes is approximately $3.0 billion.

⁽³⁾	Land and land improvements, initial cost, include the purchase price of land under development which is included as a component of construction in process in the consolidated balance sheets. As of December 31, 2016 these properties were under development; therefore, depreciation is not applicable.