Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

Summary information for the reportable segments during the three and nine months ended September 30, 2020 and 2019 was as follows:


	Medical Office Buildings		Senior Housing — RIDEA		Skilled Nursing Facilities		Senior Housing		Three Months Ended September 30, 2020
Revenues and grant income:
Real estate revenue	$	16,338,000	$	—	$	2,979,000	$	2,202,000	$	21,519,000
Resident fees and services	—		18,948,000		—		—		18,948,000
Grant income	—		864,000		—		—		864,000
Total revenues and grant income	16,338,000		19,812,000		2,979,000		2,202,000		41,331,000
Expenses:
Rental expenses	5,607,000		—		125,000		173,000		5,905,000
Property operating expenses	—		17,397,000		—		—		17,397,000
Segment net operating income	$	10,731,000	$	2,415,000	$	2,854,000	$	2,029,000	$	18,029,000
Expenses:
General and administrative									$	3,672,000
Acquisition related expenses									57,000
Depreciation and amortization									12,669,000
Other income (expense):
Interest expense:
Interest expense (including amortization of deferred financing costs and debt discount/premium)									(4,839,000)
Gain in fair value of derivative financial instruments									1,450,000
Impairment of real estate investments									(3,064,000)
Loss from unconsolidated entity									(377,000)
Other income									8,000
Loss before income taxes									(5,191,000)
Income tax benefit									39,000
Net loss									$	(5,152,000)


	Medical Office Buildings		Senior Housing — RIDEA		Skilled Nursing Facilities		Senior Housing		Three Months Ended September 30, 2019
Revenues:
Real estate revenue	$	14,144,000	$	—	$	2,929,000	$	2,180,000	$	19,253,000
Resident fees and services	—		11,865,000		—		—		11,865,000
Total revenues	14,144,000		11,865,000		2,929,000		2,180,000		31,118,000
Expenses:
Rental expenses	4,581,000		—		135,000		213,000		4,929,000
Property operating expenses	—		9,884,000		—		—		9,884,000
Segment net operating income	$	9,563,000	$	1,981,000	$	2,794,000	$	1,967,000	$	16,305,000
Expenses:
General and administrative									$	3,982,000
Acquisition related expenses									74,000
Depreciation and amortization									9,552,000
Other income (expense):
Interest expense:
Interest expense (including amortization of deferred financing costs and debt discount/premium)									(4,140,000)
Loss in fair value of derivative financial instruments									(402,000)
Loss from unconsolidated entity									(79,000)
Other income									13,000
Loss before income taxes									(1,911,000)
Income tax expense									(7,000)
Net loss									$	(1,918,000)


	Medical Office Buildings		Senior Housing — RIDEA		Skilled Nursing Facilities		Senior Housing		Nine Months Ended September 30, 2020
Revenues and grant income:
Real estate revenue	$	49,184,000	$	—	$	8,984,000	$	6,656,000	$	64,824,000
Resident fees and services	—		51,863,000		—		—		51,863,000
Grant income	—		864,000		—		—		864,000
Total revenues and grant income	49,184,000		52,727,000		8,984,000		6,656,000		117,551,000
Expenses:
Rental expenses	16,616,000		—		459,000		648,000		17,723,000
Property operating expenses	—		44,856,000		—		—		44,856,000
Segment net operating income	$	32,568,000	$	7,871,000	$	8,525,000	$	6,008,000	$	54,972,000
Expenses:
General and administrative									$	11,960,000
Acquisition related expenses									74,000
Depreciation and amortization									37,919,000
Other income (expense):
Interest expense:
Interest expense (including amortization of deferred financing costs and debt discount/premium)									(15,123,000)
Loss in fair value of derivative financial instruments									(2,302,000)
Impairment of real estate investments									(3,064,000)
Income from unconsolidated entity									952,000
Other income									278,000
Net loss									$	(14,240,000)


	Medical Office Buildings		Senior Housing — RIDEA		Skilled Nursing Facilities		Senior Housing		Nine Months Ended September 30, 2019
Revenues:
Real estate revenue	$	38,802,000	$	—	$	8,732,000	$	5,746,000	$	53,280,000
Resident fees and services	—		34,053,000		—		—		34,053,000
Total revenues	38,802,000		34,053,000		8,732,000		5,746,000		87,333,000
Expenses:
Rental expenses	12,814,000		—		435,000		989,000		14,238,000
Property operating expenses	—		28,194,000		—		—		28,194,000
Segment net operating income	$	25,988,000	$	5,859,000	$	8,297,000	$	4,757,000	$	44,901,000
Expenses:
General and administrative									$	11,413,000
Acquisition related expenses									1,492,000
Depreciation and amortization									35,561,000
Other income (expense):
Interest expense:
Interest expense (including amortization of deferred financing costs and debt discount/premium)									(11,532,000)
Loss in fair value of derivative financial instruments									(5,401,000)
Income from unconsolidated entity									185,000
Other income									162,000
Loss before income taxes									(20,151,000)
Income tax expense									(17,000)
Net loss									$	(20,168,000)

Assets by reportable segment as of September 30, 2020 and December 31, 2019 were as follows: