Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2016

(Dollars in thousands)



			Land ⁽¹⁾						Buildings, Improvements, Lease Intangibles and CIP ⁽¹⁾
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) Total Property		(1) (3) Accumulated Depreciation		(4) Encumbrances		Date Acquired	Date Constructed
Medical office/outpatient	184	AL, AZ, CA, CO, DC, FL, GA, HI, IA, IL, IN, LA, MD, MI, MN, MO, MS, NC, NV, OH, OK, OR, SC, SD, TN, TX, VA, WA	$	182,231	$	2,397	$	184,628	$	2,536,076	$	447,126	$	2,983,202	$	3,810	$	3,171,640	$	738,029	$	114,269	1993-2016	1905 -2015
Inpatient	10	CA, CO, MO, PA, TX	13,095		150		13,245		316,354		14,187		330,541		265		344,051		75,518		—		1998-2013	1983 -2013
Other	10	IA, IN, MI, TN, TX, VA	3,088		73		3,161		69,951		7,196		77,147		633		80,941		25,936		1,348		1993-2015	1964 - 2015
Total Real Estate	204		198,414		2,620		201,034		2,922,381		468,509		3,390,890		4,708		3,596,632		839,483		115,617
Land Held for Develop.	—		20,123		—		20,123		—		—		—		—		20,123		166		—
Construction in Progress (5)													11,655				11,655
Corporate Property	—		—		—		—		—		—		—		5,583		5,583		4,167		—
Total Properties	204		$	218,537	$	2,620	$	221,157	$	2,922,381	$	468,509	$	3,402,545	$	10,291	$	3,633,993	$	843,816	$	115,617

(1)

Includes two assets held for sale as of December 31, 2016 of approximately $5.8 million (gross) and accumulated depreciation of $3.0 million, one asset held for sale as of December 31, 2015 of approximately $1.8 million (gross) and accumulated depreciation of $1.1 million; and two assets held for sale as of December 31, 2014 of approximately $13.3 million (gross) and accumulated depreciation of $4.5 million.


(2)	Total assets as of December 31, 2016 have an estimated aggregate total cost of $3.7 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 99.0 years, personal property over to 2.8 to 17.3, and land improvements over 15.0 to 38.1 years.


(4)	Includes unamortized premium of $2.6 million and unaccreted discount of $1.5 million and issuance costs of $0.4 million as of December 31, 2016.


(5)	Reconciliation of Total Property and Accumulated Depreciation for the year ended December 31, 2016, 2015 and 2014 follows:



	Year Ended December 31, 2016						Year Ended December 31, 2015						Year Ended December 31, 2014
(Dollars in thousands)	Total Property			Accumulated Depreciation			Total Property			Accumulated Depreciation			Total Property			Accumulated Depreciation
Beginning Balance	$	3,382,680		$	762,996		$	3,271,536		$	705,135		$	3,084,166		$	642,320
Additions during the period:
Real Estate acquired	239,265			3,898			183,478			3,048			166,290			2,272
Other improvements	70,595			121,592			47,985			111,625			55,340			105,257
Acquisition through Foreclosure	—			—			—			—			40,247			1,536
Land held for development	—			26			500			26			—			26
Construction in Progress	35,596			—			19,024			—			—			—
Retirement/dispositions:
Real Estate	(94,143		)	(44,696		)	(139,741		)	(56,838		)	(74,507		)	(46,276		)
Disposal of previously consolidated VIE	—			—			—			—			—			—
Land held for development	—			—			(102		)	—			—			—
Ending Balance	$	3,633,993		$	843,816		$	3,382,680		$	762,996		$	3,271,536		$	705,135