Real Estate Investments (Tables)

3 Months Ended

Mar. 31, 2016

Business Combinations [Abstract]

Discontinued Operations and Assets Held for Sale

Assets Held for Sale

At March 31, 2016 and December 31, 2015, the Company had one on-campus medical office building classified as held for sale. The table below reflects the assets and liabilities of the property classified as held for sale as of March 31, 2016 and December 31, 2015.

(Dollars in thousands)	March 31, 2016			December 31, 2015
Balance Sheet data:
Land	$	422		$	422
Buildings, improvements and lease intangibles	1,350			1,350
	1,772			1,772
Accumulated depreciation	(1,070		)	(1,070		)
Assets held for sale, net	702			702
Other assets, net (including receivables)	4			22
Assets of discontinued operations, net	4			22
Assets held for sale and discontinued operations, net	$	706		$	724
Accounts payable and accrued liabilities	$	18		$	28
Other liabilities	2			5
Liabilities of discontinued operations	$	20		$	33

Discontinued Operations

The following table represents the results of operations of the properties included in discontinued operations on the Company's Condensed Consolidated Statements of Income for the three months ended March 31, 2016 and 2015.

	Three Months Ended March 31,
(Dollars in thousands)	2016			2015
Statements of Income data:
Revenues
Rental income	$	—		$	341
	—			341
Expenses
Property operating	7			29
Bad debts, net of recoveries	—			(1		)
	7			28
Other Income (Expense)
Interest and other income, net	—			20
	—			20
Discontinued Operations
Income (Loss) from discontinued operations	(7		)	333
Income (Loss) from Discontinued Operations	$	(7	)	$	333