Summarized Financial Information of Equity Affiliates (Tables)

3 Months Ended

Mar. 31, 2019

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, 2019:

Name of LLC/LP	Ownership			Property Owned by LLC/LP
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 $8.2 million outstanding as of March 31, 2019.

(b.) 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, which is non-recourse to us, of $13.9 million outstanding as of March 31, 2019.

(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, 2019.  This LP has a third-party term loan, which is non-recourse to us, of $5.0 million outstanding as of March 31, 2019.

Condensed Combined Statements of Income (Unaudited) for LLCs/LPs Accounted Under Equity Method

Below are the condensed combined statements of income (unaudited) for the LLCs/LPs accounted for under the equity method during the three months ended March 31, 2019 and 2018.    

	Three Months Ended March 31,
	2019		2018
	(amounts in thousands)
Revenues	$	2,460	$	2,462
Operating expenses		1,012		958
Depreciation and amortization		398		457
Interest, net		322		328
Net income	$	728	$	719
Our share of net income	$	430	$	429

Condensed Combined Balance Sheets (Unaudited) for LLCs Accounted 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, 2019 and December 31, 2018:

	March 31, 2019			December 31, 2018
	(amounts in thousands)
Net property, including construction in progress	$	31,432		$	31,818
Other assets		6,951			3,251
Total assets	$	38,383		$	35,069
Other liabilities	$	6,005		$	2,717
Mortgage notes payable, non-recourse to us		27,103			27,256
Equity		5,275			5,096
Total liabilities and equity	$	38,383		$	35,069
Investments in LLCs before amounts included in
accrued expenses and other liabilities	$	4,944		$	5,019
Amounts included in accrued expenses and other liabilities		(1,933	)		(2,258	)
Our share of equity in LLCs, net	$	3,011		$	2,761

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

As of March 31, 2019, and December 31, 2018, 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	3/31/2019		12/31/2018		Maturity Date
FTX MOB Phase II (5.00% fixed rate mortgage loan)	$	5,032	$	5,067	October, 2020
Grayson Properties (5.034% fixed rate mortgage loan)		13,860		13,929	September, 2021
Brunswick Associates (3.64% fixed rate mortgage loan)		8,211		8,260	December, 2024
	$	27,103	$	27,256

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