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Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

11. Subsequent Events

Subsequent to June 30, 2021, we completed the disposition of four facilities for approximately $42 million. The transactions resulted in a net gain on real estate of approximately $8 million. We also received approximately $17 million in loan principal repayments subsequent to June 30, 2021.

In July 2021, we acquired an acute care hospital in Stirling, Scotland for £15.6 million. This hospital is leased to Circle pursuant to a long-term lease with annual inflation-based escalators. In the same month, we also acquired four acute care hospitals and two on-campus medical office buildings in Los Angeles, California for $215 million. These hospitals are leased to Pipeline Health Systems pursuant to a long-term lease with annual inflation-based escalators.

On July 27, 2021, we entered into a $1 billion interim credit facility with Barclays Bank PLC as administrative agent (“July Interim Credit Facility”), and several lenders from time-to-time are parties thereto. This facility matures on July 28, 2022 and bears interest at a variable rate.

On August 1, 2021, we completed the acquisition of five general acute care hospitals located in South Florida to be operated by Steward for approximately $900 million. We funded this acquisition with cash on-hand and $650 million of borrowings from the July Interim Credit Facility.