Summarized Financial Information of Equity Affiliates (Tables)

3 Months Ended

Mar. 31, 2017

Equity Method Investments And Joint Ventures [Abstract]

Limited Liability Companies Accounted for Under Equity Method

The following property table represents the four LLCs in which we own a noncontrolling interest and were accounted for under the equity method as of March 31, 2017:

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
Grayson Properties (b.)		95	%	Texoma Medical Plaza
FTX MOB Phase II (c.)		95	%	Forney Medical Plaza II

(a.) This LLC has a third-party term loan, which is non-recourse to us, of $8.6 million outstanding as of March 31, 2017.

(b.) This building is on the campus of a UHS hospital and has tenants that include subsidiaries of UHS. This LLC has a third-party term loan, which is non-recourse to us, of $14.4 million outstanding as of March 31, 2017.

(c.) We have committed to invest up to $2.5 million in equity and debt financing, of which $2.1 million has been funded as of March 31, 2017.  This LLC has a third-party term loan, which is non-recourse to us, of $5.3 million outstanding as of March 31, 2017.

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

Below are the condensed combined statements of income (unaudited) for the LLCs accounted for under the equity method during the three months ended March 31, 2017 and 2016.  The three months ended March 31, 2017 include the financial results of Arlington Medical Properties, LLC, through the March 13, 2017 divestiture date.  The three months ended March 31, 2016, include the financial results of Arlington Medical Properties, LLC for the entire three months ended March 31, 2016.    

	Three Months Ended March 31,
	2017		2016
	(amounts in thousands)
Revenues	$	3,583	$	3,736
Operating expenses		1,250		1,353
Depreciation and amortization		643		613
Interest, net		562		657
Net income	$	1,128	$	1,113
Our share of net income (a.)	$	1,077	$	1,059

(a.) Our share of net income for the three months ended March 31, 2017 and 2016 includes approximately $284,000 and $296,000, respectively, of interest income earned by us on an advance made to Arlington Medical Properties, LLC. This advance was repaid to us effective with the previously mentioned Arlington Medical Properties, LLC transaction during March, 2017.

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

Below are the condensed combined balance sheets (unaudited) for the four above-mentioned LLCs that were accounted for under the equity method as of March 31, 2017 and the five LLCs (including Arlington Medical Properties, LLC, which was divested during the first quarter of 2017) that were accounted for under the equity method as of December 31, 2016:

	March 31, 2017			December 31, 2016
	(amounts in thousands)
Net property, including CIP	$	33,816		$	60,970
Other assets		3,685			4,598
Total assets	$	37,501		$	65,568
Liabilities	$	2,726		$	3,334
Mortgage notes payable, non-recourse to us		28,222			28,367
Advances payable to us		-			21,638
Equity		6,553			12,229
Total liabilities and equity	$	37,501		$	65,568
Our share of equity in and advances to LLCs reflected as:
Investments in LLCs	$	4,722		$	13,955
Advances to LLCs		-			21,638
Investments in and advances to LLCs before
amounts included in accrued expenses and other liabilities		4,722			35,593
Amounts included in accrued expenses and other liabilities		(1,476	)		(1,862	)
Our share of equity in and advances to LLCs, net	$	3,246		$	33,731

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

As of March 31, 2017, and 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):

	Mortgage Loan Balance (a.)
Name of LLC/LP	3/31/2017		12/31/2016		Maturity Date
FTX MOB Phase II	$	5,267	$	5,301	August, 2017 (b.)
Grayson Properties		14,375		14,438	September, 2021
Brunswick Associates		8,580		8,628	December, 2024
	$	28,222	$	28,367

(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.