Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2015

(Dollars in thousands)



			Land						Buildings, Improvements, Lease Intangibles and CIP
Property Type	Number of Properties	State	Initial Investment		Cost Capitalized Subsequent to Acquisition		Total		Initial Investment		Cost Capitalized Subsequent to Acquisition		Total		Personal Property		(2) (3) (5) (6) Total Property		(1) (3) Accumulated Depreciation		(4) Encumbrances		Date Acquired	Date Constructed
Medical office/outpatient	177	AL, AZ, CA, CO, DC, FL, GA, HI, IA, IL, IN, KS, LA, MD, MI, MN, MO, MS, NC, NV, OH, OK, OR, SC, SD, TN, TX, VA, WA	$	172,354	$	2,656	$	175,010	$	2,297,367	$	389,003	$	2,686,370	$	3,574	$	2,864,954	$	649,424	$	127,676	1993-2015	1905 -2015
Inpatient	13	AZ, CA, CO, MO, PA, TX	22,165		150		22,315		363,773		14,187		377,960		265		400,540		86,605		—		1994-2013	1983 -2013
Other	9	IA, IN, MI, TN, VA	1,609		73		1,682		66,574		6,339		72,913		625		75,220		22,886		1,411		1993-2014	1906 - 2008
Total Real Estate	199		196,128		2,879		199,007		2,727,714		409,529		3,137,243		4,464		3,340,714		758,915		129,087
Land Held for Develop.	—		17,452		—		17,452		—		—		—		—		17,452		140		—
Construction in Progress (5)													19,024				19,024
Corporate Property	—		—		—		—		—		—		—		5,490		5,490		3,941		—
Total Properties	199		$	213,580	$	2,879	$	216,459	$	2,727,714	$	409,529	$	3,156,267	$	9,954	$	3,382,680	$	762,996	$	129,087

(1)

Includes one asset held for sale as of December 31, 2015 of approximately $1.8 million (gross) and accumulated depreciation of $1.1 million, two asset held for sale as of December 31, 2014 of approximately $13.3 million (gross) and accumulated depreciation of $4.5 million; and three assets held for sale as of December 31, 2013 of $17.0 million (gross) and accumulated depreciation of $10.2 million.


(2)	Total assets as of December 31, 2015 have an estimated aggregate total cost of $3.4 billion for federal income tax purposes.


(3)	Depreciation is provided for on a straight-line basis on buildings and improvements over 3.3 to 39.0 years, lease intangibles over to 1.9 to 93.1 years, personal property over to 1.5 to 17.3, and land improvements over 15.0 to 38.1 years.


(4)	Includes unamortized premium of $2.7 million and unaccreted discount of $1.8 million as of December 31, 2015.


(5)	Construction in progress includes $5.8 million of land.


(6)	A reconciliation of Total Property and Accumulated Depreciation for the twelve months ended December 31, 2015, 2014 and 2013 follows:



	Year Ended December 31, 2015						Year Ended December 31, 2014						Year Ended December 31, 2013
(Dollars in thousands)	Total Property			Accumulated Depreciation			Total Property			Accumulated Depreciation			Total Property			Accumulated Depreciation
Beginning Balance	$	3,271,536		$	705,135		$	3,084,166		$	642,320		$	2,830,931		$	586,920
Additions during the period:
Real Estate acquired	231,463			114,673			166,290			2,272			314,159			1,046
Other improvements	—			—			55,340			105,257			58,849			97,255
Acquisition through Foreclosure	—			—			40,247			1,536			—			—
Land held for development	500			26			—			26			—			26
Construction in Progress	19,024			—			—			—			—			—
Retirement/dispositions:
Real Estate	(139,741		)	(56,838		)	(74,507		)	(46,276		)	(111,656		)	(42,927		)
Disposal of previously consolidated VIE	—			—			—			—			—			—
Land held for development	(102		)	—			—			—			(8,117		)	—
Ending Balance	$	3,382,680		$	762,996		$	3,271,536		$	705,135		$	3,084,166		$	642,320