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Real Estate and Lending Activities (Tables)
 3 Months Ended
Mar. 31, 2015
Text Block [Abstract]  
Assets Acquired

As part of these acquisitions, we acquired the following assets:

 

     2015      2014  

Assets Acquired

      

Land

    $ 21,591       $ 8,515  

Building

      88,409         99,602  

Intangible lease assets — subject to amortization (weighted average useful life 15 years)

      —           6,883  

Mortgage loans

      40,000         —     

Net investments in direct financing leases

      10,700        —    

Other loans

      5,000         —    
  

 

 

     

 

 

  

Total assets acquired

 $ 165,700    $ 115,000   
Summary of Status Update on Current Development Projects

See table below for a status update on our current development projects (in thousands):

 

Property

  

Location

   Property Type  

Operator

   Commitment     Costs
Incurred
as of
03/31/15		     Estimated
Completion
Date		  

UAB Medical West

   Hoover, AL   Acute Care Hospital & MOB   Medical West, an affiliate of UAB   $ 8,653      $ 5,853        2Q 2015   

First Choice ER- Chandler

   Chandler, AZ   Acute Care Hospital   Adeptus Health     5,049        2,502        2Q 2015   

First Choice ER- Converse

   Converse, TX   Acute Care Hospital   Adeptus Health     5,754        4,311        2Q 2015   

First Choice ER- Denver 48th

   Denver, CO   Acute Care Hospital   Adeptus Health     5,123        1,174        2Q 2015   

First Choice ER- Aurora

   Aurora, CO   Acute Care Hospital   Adeptus Health     5,273        21        3Q 2015   

First Choice ER- Conroe

   Houston, TX   Acute Care Hospital   Adeptus Health     6,110        1,668        3Q 2015   

First Choice ER- Carrollton

   Carrollton, TX   Acute Care Hospital   Adeptus Health     35,820        23,458        3Q 2015   

First Choice ER- Gilbert

   Gilbert, AZ   Acute Care Hospital   Adeptus Health     6,500        2,481        3Q 2015   

First Choice ER- Glendale

   Glendale, AZ   Acute Care Hospital   Adeptus Health     4,824        564        3Q 2015   

First Choice ER- McKinney

   McKinney, TX   Acute Care Hospital   Adeptus Health     4,750        1,002        3Q 2015   

First Choice ER- Victory Lakes

   Houston, TX   Acute Care Hospital   Adeptus Health     4,939        554        3Q 2015   

First Choice ER- Vintage Preserve

   Houston, TX   Acute Care Hospital   Adeptus Health     45,961        5,678        3Q 2016   

First Choice Emergency Rooms

   Various   Acute Care Hospital   Adeptus Health     13,448        —          Various   
       

 

 

    

 

 

    
$ 152,204    $ 49,266   
       

 

 

    

 

 

    

 
Components of Net Investment in Direct Financing Leases
The components of our net investment in DFLs consisted of the following (dollars in thousands):

 

     As of March 31,
2015		      As of December 31,
2014		  

Minimum lease payments receivable

    $ 1,639,128       $ 1,607,024   

Estimated residual values

      225,871         211,888   

Less: Unearned income

      (1,411,576 )       (1,379,396 ) 
  

 

 

     

 

 

  

Net investment in direct financing leases

 $ 453,423    $ 439,516   
  

 

 

     

 

 
Summary of Loans

The following is a summary of our loans (in thousands):

 

     As of
March 31,
2015		      As of
December 31,
2014		  

Mortgage loans

    $ 437,591       $ 397,594   

Acquisition loans

      555,391         525,136   

Working capital and other loans

      46,566         48,031   
  

 

 

     

 

 

  
$ 1,039,548    $ 970,761