Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash as reported on the consolidated balance sheets to the total of such amounts as reported on the consolidated statements of cash flows (dollars in thousands):

	June 30, 2019 (Unaudited)		December 31, 2018
Cash and cash equivalents	$	29,370	$	73,811
Restricted cash	18,848		20,697
Total cash, cash equivalents and restricted cash	$	48,218	$	94,508

Schedule of Operating Real Estate Estimated Useful Life

Operating real estate is depreciated using the straight-line method over the estimated useful life of the assets, summarized as follows:

Category:	Term:
Building	30 to 50 years
Building improvements	Lesser of the useful life or remaining life of the building
Land improvements	9 to 15 years
Tenant improvements	Lesser of the useful life or remaining term of the lease
Furniture, fixtures and equipment	5 to 14 years

Schedule of Future Minimum Lease Payments for Capital Leases

The following table presents the future minimum lease payments under finance leases and the present value of the minimum lease payments as of June 30, 2019, which is included in other liabilities on the Company’s consolidated balance sheets (dollars in thousands):

July 1 to December 31, 2019	$	330
Years Ending December 31:
2020	636
2021	597
2022	505
2023	82
Thereafter	—
Total minimum lease payments	$	2,150
Less: Amount representing interest	$	(200	)
Present value of minimum lease payments	$	1,950

Summary of Deferred Costs and Intangible Assets

The following table presents a summary of deferred costs and intangible assets, net as of June 30, 2019 and December 31, 2018 (dollars in thousands):

	June 30, 2019 (Unaudited)		December 31, 2018
Deferred costs and intangible assets, net:
In-place lease value, net	$	7,338	$	14,559
Goodwill	21,387		21,387
Other intangible assets	380		380
Subtotal intangible assets	29,105		36,326
Deferred costs, net	185		670
Total	$	29,290	$	36,996

Schedule of Deferred Costs and Intangible Assets, Future Amortization Expense

The following table presents future amortization of in-place lease value and deferred costs (dollars in thousands):

July 1 to December 31, 2019	$	937
Years Ending December 31:
2020	1,871
2021	1,871
2022	591
2023	336
Thereafter	1,917
Total	$	7,523

Schedule of Other Assets

The following table presents a summary of other assets as of June 30, 2019 and December 31, 2018 (dollars in thousands):

	June 30, 2019 (Unaudited)		December 31, 2018
Other assets:
Healthcare facility regulatory reserve deposit	$	6,000	$	6,000
Remainder interest in condominium units(1)	2,712		3,025
Prepaid expenses	3,102		3,536
Lease / rent inducements, net	1,764		1,254
Utility deposits	316		325
Other	301		320
Total	$	14,195	$	14,460

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(1) Represents future interests in property subject to life estates (“Remainder Interest”).