Debt and Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Summary of Required Compliance Ratios Giving Effect to New Covenants in Credit Agreement

The following table includes a summary of the required compliance ratios, giving effect to the covenants contained in the Credit Agreement (dollar amounts in thousands):

	Covenant	September 30, 2018
Tangible net worth	> =$125,000	$	185,038
Total leverage	< 60%		41.3	%
Secured leverage	< 30%		9.9	%
Unencumbered leverage	< 60%		37.4	%
Fixed charge coverage	> 1.50x	4.2x

Outstanding Mortgages, Excluding Net Debt Premium

Facility Name	Outstanding Balance (inthousands) (a.)			Interest Rate			Maturity Date
Vibra Hospital-Corpus Christi fixed rate mortgage loan	$	2,546			6.50	%	July, 2019
700 Shadow Lane and Goldring MOBs fixed rate    mortgage loan		5,911			4.54	%	June, 2022
BRB Medical Office Building fixed rate mortgage loan		5,978			4.27	%	December, 2022
Desert Valley Medical Center fixed rate mortgage loan		4,842			3.62	%	January, 2023
2704 North Tenaya Way fixed rate mortgage loan		6,905			4.95	%	November, 2023
Summerlin Hospital Medical Office Building III fixed    rate mortgage loan		13,198			4.03	%	April, 2024
Tuscan Professional Building fixed rate mortgage loan		4,147			5.56	%	June, 2025
Phoenix Children’s East Valley Care Center fixed rate    mortgage loan		9,251			3.95	%	January, 2030
Rosenberg Children's Medical Plaza fixed rate mortgage loan		13,000			4.42	%	September, 2033
Total, excluding net debt premium and net financing fees		65,778
Less net financing fees		(728	)
Plus net debt premium		261
Total mortgages notes payable, non-recourse to us, net	$	65,311

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