Subsequent Events

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On July 7, 2016, the Operating Partnership borrowed $250 million under the 7-year term loan feature of the Credit Agreement. Borrowings under the term loan feature of the Credit Agreement bear interest on the outstanding principal amount at a rate which is determined by the Trust’s credit rating, currently equal to LIBOR + 1.80%. The Trust simultaneously entered into a pay-fixed receive-variable rate swap for the full borrowing amount, fixing the LIBOR component of the borrowing rate to 1.07%, for an all-in fixed rate of 2.87%.

Since June 30, 2016, the Trust, through subsidiaries of its Operating Partnership, closed on the below acquisitions:    

Property		Location	Acquisition Date	Purchase Price (in thousands)
Prairie Care MOB		Maplewood, MN	July 6, 2016	$	4,886
Real Estate Loan - Chihuahua Development LLC		El Paso, TX	July 7, 2016	1,300
Springwoods MOB	(1)	Spring, TX	July 21, 2016	19,925
Mezzanine Loan - Hazelwood MOB		Maplewood, MN	July 29, 2016	3,375
Jackson, Tennessee Land Purchase		Jackson, TN	August 2, 2016	1,000
				$	30,486

(1) This acquisition is part of the CHI Portfolio.