Credit Concentration

6 Months Ended

Jun. 30, 2017

Concentration Risks, Types, No Concentration Percentage [Abstract]

Credit Concentration

Credit Concentration

The Company uses annualized base rent (“ABR”) as its credit concentration metric. Annualized base rent is calculated by multiplying contractual base rent for the month ended June 30, 2017 by 12, excluding the impact of concessions and straight-line rent. The following table summarizes certain information about the Company’s top five tenant credit concentrations as of June 30, 2017 (in thousands):

Tenant	Total ABR		Percent of ABR
CHI - Nebraska	$	14,829	5.7	%
CHI - KentuckyOne Health	13,120		5.1	%
Baylor Scott and White Health	6,730		2.6	%
US Oncology	6,573		2.5	%
CHI - St. Alexius (North Dakota)	6,235		2.4	%
Remaining portfolio	212,078		81.7	%
Total	$	259,565	100.0	%

Annualized base rent collected from the Company’s top five tenant relationships comprises 18.3% of its total annualized base rent for the period ending June 30, 2017. Total annualized base rent from CHI affiliated tenants totals 19.2%, including the affiliates disclosed above. Consolidated financial statements of CHI, the parent of the subsidiaries and affiliates of the entities party to master lease agreements, are publicly available on the Catholic Health Initiatives website (www.catholichealthinitiatvies.org/). Information included on the CHI website is not incorporated by reference within this Quarterly Report on Form 10-Q.

The following table summarizes certain information about the Company’s top five geographic concentrations as of June 30, 2017 (in thousands):

State	Total ABR		Percent of ABR
Texas	$	43,544	16.8	%
Indiana	16,587		6.4	%
Nebraska	16,293		6.3	%
Kentucky	15,969		6.2	%
Arizona	14,203		5.5	%
Other	152,969		58.8	%
Total	$	259,565	100.0	%