Summary of Significant Accounting Policies (Tables) (Predecessor) (Ziegler Healthcare Real Estate Funds)

12 Months Ended

Dec. 31, 2012

Summary of Significant Accounting Policies

Summary of initial capital structure

Fund	General Interest		Limited Interest		Unit Price
	Investment Units
I		0.01		151	$	100,000
II		0.02		356	$	50,000
III		0.01		90.5	$	100,000
IV		0.02		112.3	$	50,000

Summary of consolidated subsidiaries

The Ziegler Funds include the following consolidated subsidiaries as of December 31, 2012:

	Fund Ownership %
Entity	I			II			III			IV
Ziegler Michigan 5, LLC (Michigan 5)		100	%
Ziegler Georgia 6, LLC (Georgia 6)		100	%
Ziegler Michigan 6, LLC (Michigan 6)		100	%
Ziegler Georgia 7, LLC (Georgia 7)*		50	%
Ziegler Florida 4, LLC (Florida 4)		100	%
Ziegler Georgia 21, LLC (Georgia 21)		79.4	%					20.6	%
Ziegler Texas 8, LLC (Texas 8)		100	%
Ziegler Arizona 23, LLC (Arizona 23)		50	%
Ziegler Illinois 12, LLC (Illinois 12)					100	%
Ziegler Michigan 12, LLC (Michigan 12)					100	%
Ziegler Georgia 13, LLC (Georgia 13)					100	%
Ziegler Tennessee 14, LLC (Tennessee 14)					100	%
Ziegler Ohio 9, LLC (Ohio 9)					83.21	%					16.79	%
Ziegler Maine 15, LLC (Maine 15)					56.77	%		43.23	%
Ziegler Wisconsin 16, LLC (Wisconsin 16)								100	%
Ziegler Georgia 17, LLC (Georgia 17)								100	%
Ziegler Illinois 18, LLC (Illinois 18)								100	%
Ziegler Ohio 19, LLC (Ohio 19)								100	%
Ziegler Georgia 20, LLC (Georgia 20)								100	%
Ziegler Georgia 22, LLC (Georgia 22)											100	%
Ziegler Wisconsin 24, LLC (Wisconsin 24)											100	%

*

As of December 31, 2011, Georgia 7 was 100 percent owned by Fund I.

Summerfield

Summary of Significant Accounting Policies

Schedule of selected information of VIE

	December 31
	2012			2011
Property under Development	$	674,773		$	1,618,508
Other assets		5,227			—
Total Assets	$	680,000		$	1,618,508
Long-Term Debt	$	421,675		$	1,041,451
Other liabilities		167,690			146,173
Total Liabilities	$	589,365		$	1,187,624
Real estate sale	$	685,000		$	—
Operating loss		(340,250	)		(65,032	)
Net loss		(340,250	)		(65,032	)

Arizona 23

Summary of Significant Accounting Policies

Schedule of selected information of VIE

	December 31
	2012			2011
Investment property	$	3,036,850		$	3,092,307
Other assets		878,913			1,061,447
Total assets	$	3,915,763		$	4,153,754
Long-term debt	$	2,280,508		$	2,444,896
Other liabilities		68,614			62,232
Total liabilities	$	2,349,122		$	2,507,128
Rental revenue	$	330,484		$	363,330
Operating income		157,449			256,572
Net (loss) income		(88,193	)		40,762