Summarized Financial Information of Equity Affiliates (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments And Joint Ventures [Abstract]

Limited Liability Companies Accounted for Under Equity Method

Prior to August 1, 2014, these LLCs were accounted for on an unconsolidated basis pursuant to the equity method.

Name of LLC/LP	Ownership prior to minority interest purchase			Property Owned by LLC	Effective Date
DVMC Properties		90	%	Desert Valley Medical Center	August 1, 2014
Santa Fe Scottsdale		90	%	Santa Fe Professional Plaza	August 1, 2014
PCH Medical Properties		85	%	Rosenberg Children’s Medical Plaza	August 1, 2014
Sierra Medical Properties		95	%	Sierra San Antonio Medical Plaza	August 1, 2014
PCH Southern Properties		95	%	Phoenix Children’s East Valley Care Center	August 1, 2014
3811 Bell Medical Properties		95	%	North Valley Medical Plaza	August 1, 2014

The following property table represents the five LLCs or LPs in which we own a noncontrolling interest and were accounted for under the equity method as of December 31, 2016:

Name of LLC/LP	Ownership			Property Owned by LLC
Suburban Properties		33	%	St. Matthews Medical Plaza II
Brunswick Associates (a.)		74	%	Mid Coast Hospital MOB
Arlington Medical Properties (b.)		85	%	Saint Mary’s Professional Office Building
Grayson Properties (c.)		95	%	Texoma Medical Plaza
FTX MOB Phase II (d.)		95	%	Forney Medical Plaza II

(a.) This LLC has a third-party term loan of $8.6 million, which is non-recourse to us, outstanding as of December 31, 2016.

(b.) We have funded $5.2 million in equity as of December 31, 2016 and are committed to invest an additional $623,000. During the fourth quarter of 2015, we advanced this LLC a member loan, the funds of which were utilized to repay its $22.8 million outstanding third-party mortgage loan on its scheduled maturity date.  The member loan has an interest rate of 5.29% and is scheduled to mature in January, 2018.  Additionally, pursuant to the terms and conditions of an agreement executed in February, 2016, we purchased an additional 10% of the ownership interest in this LLC from the existing third-party member for approximately $4.8 million in cash, thereby increasing our ownership interest to 85%.

(c.) We have funded $2.8 million in equity as of December 31, 2016, and are committed to fund an additional $149,000. This building is on the campus of a UHS hospital and has tenants that include subsidiaries of UHS. This LP has a third-party term loan of $14.4 million, which is non-recourse to us, outstanding as of December 31, 2016

(d.) We have committed to invest up to $2.5 million in equity and debt financing and are committed to invest an additional $369,000. This LP has a third-party term loan of $5.3 million, which is non-recourse to us, outstanding as of December 31, 2016.

Condensed Combined Statements of Income (Unaudited) for Limited Liability Companies Accounted for Under Equity Method

Below are the combined statements of income for the LLCs/LPs accounted for under the equity method at December 31, 2016, 2015 and 2014.

	For the Year Ended December 31,
	2016		2015		2014(b.)
	(amounts in thousands)
Revenues	$	15,252	$	14,347	$	17,292
Operating expenses		5,439		5,605		6,769
Depreciation and amortization		2,554		2,398		2,968
Interest, net		2,565		2,578		4,261
Net income	$	4,694	$	3,766	$	3,294
Our share of net income (a.)	$	4,456	$	2,536	$	2,428

(a.) Our share of net income during 2016, 2015 and 2014, includes interest income earned by us on various advances made to LLCs of approximately $1.2 million, $200,000 and $834,000, respectively.  

(b.) As mentioned above, we began to account for six LLCs (Desert Valley Medical Center, Santa Fe Professional Plaza, Rosenberg Children’s Medical Plaza, Sierra San Antonio Medical Plaza, Phoenix Children’s East Valley Care Center and North Valley Medical Plaza) on a consolidated basis as of August 1, 2014. Prior to August 1, 2014, the financial results of these entities were accounted for under the equity method on an unconsolidated basis. The year ended December 31, 2014 includes the financial results of the six mentioned LLCs for seven months ended July 31, 2014. 

Condensed Combined Balance Sheets (Unaudited) for LLCs Accounted for Under Equity Method

Below are the combined balance sheets for the five LLCs that were accounted for under the equity method as of December 31, 2016 and 2015:

	December 31,
	2016			2015
	(amounts in thousands)
Net property, including CIP	$	60,970		$	61,668
Other assets		4,598			5,264
Total assets	$	65,568		$	66,932
Other liabilities	$	3,334		$	2,538
Mortgage notes payable, non-recourse to us		28,367			28,895
Advances payable to us (a.)		21,638			22,489
Equity		12,229			13,010
Total liabilities and equity	$	65,568		$	66,932
Our share of equity in and advances to LLCs reflected as:
Investments in LLCs	$	13,955		$	9,108
Advances to LLCs		21,638			22,489
Investments in and advances to LLCs before amounts included in accrued expenses and other liabilities		35,593			31,597
Amounts included in accrued expenses and other liabilities		(1,862	)		(1,105	)
Our share of equity in and advances to LLCs, net	$	33,731		$	30,492

(a) Consists of a 5.29% member loan which is scheduled to mature in January, 2018.

Aggregate Principal Amounts due on Mortgage and Construction Notes Payable by Unconsolidated LLC's Accounted Under Equity Method

As of December 31, 2016, aggregate principal amounts due on mortgage notes payable by unconsolidated LLCs, which are accounted for under the equity method and are non-recourse to us, are as follows (amounts in thousands):

2017	$	5,727
2018		445
2019		466
2020		484
2021		13,582
2022 and thereafter		7,663
Total	$	28,367

	Mortgage Loan Balance (a.)
Name of LLC/LP	12/31/2016		12/31/2015		Maturity Date
FTX MOB Phase II (4.75% fixed rate mortgage loan)	$	5,301	$	5,427	August,2017 (b.)
Grayson Properties (5.034% fixed rate mortgage loan)		14,438		14,670	September, 2021
Brunswick Associates (3.64% fixed rate mortgage loan)		8,628		8,798	December, 2024
	$	28,367	$	28,895

(a) All mortgage loans require monthly principal payments through maturity and include a balloon principal payment upon maturity.

(b) This loan is scheduled to mature within the next twelve months, at which time it will be refinanced pursuant to: (i) a new third-party mortgage loan; (ii) a member loan extended from us to the LLC, or; (iii) equity contributions to the LLC by us and the third-party member.  Funds required from us to the LLC for either the member loan or our share of an equity contribution would likely be borrowed under our Credit Agreement.