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Real Estate Investments (Tables)
 3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]  
Schedule of Acquisitions
The following table details the Company's acquisition for the three months ended March 31, 2017:
(Dollars in millions)
Type (1)
 
Date Acquired
 
Purchase Price
 
Cash
Consideration (2)
 
Real
Estate
 
Other (3)
 
Square
Footage
(unaudited)
Real estate acquisition
 
 
 
 
 
 
 
 
 
 
St. Paul, Minnesota
MOB
 
3/6/17
 
$
13.5

 
$
13.5

 
$
13.3

 
$
0.2

 
34,608
______
(1)
MOB = medical office building
(2)
Cash consideration excludes prorations of revenue and expense due to/from seller at the time of the acquisition.
(3)
Includes assets acquired, liabilities assumed, and intangibles recognized at acquisition.
Schedule of Dispositions
The following table details the Company's dispositions for the three months ended March 31, 2017:
(Dollars in millions)
Type (1)
 
Date
Disposed
 
Sales Price
 
Closing Adjustments
 
Net
Proceeds
 
Net Real
Estate
Investment
 
Other
(including
receivables)(3)
 
Gain
 
Square
Footage
(Unaudited)
Real estate dispositions
Evansville, Indiana
OTH
 
3/6/17
 
$
6.4

 
$
—

 
$
6.4

 
$
1.1

 
$
—

 
$
5.3

 
29,500

Columbus, Georgia (2)
MOB
 
3/7/17
 
0.6

 
—

 
0.6

 
0.6

 
—

 
—

 
12,000

Las Vegas, Nevada (2)
MOB
 
3/30/17
 
5.5

 
(0.7
)
 
4.8

 
2.2

 
0.3

 
2.3

 
18,147

Texas (3 properties)
IRF
 
3/31/17
 
69.5

 
(1.6
)
 
67.9

 
46.9

 
5.2

 
15.8

 
169,722

Total dispositions
 
 
 
 
$
82.0

 
$
(2.3
)
 
$
79.7

 
$
50.8

 
$
5.5

 
$
23.4

 
229,369

______
(1)
OTH = Other; MOB = medical office building; IRF = inpatient rehabilitation facility
(2)
Previously classified as held for sale.
(3)
Includes straight-line rent receivables, leasing commissions and lease inducements.
Discontinued Operations and Assets Held for Sale
The table below reflects the assets and liabilities of the properties classified as held for sale and discontinued operations as of March 31, 2017 and December 31, 2016:
(Dollars in thousands)
March 31,
2017
 
December 31,
2016
Balance Sheet data:
 
 
 
Land
$
1,915

 
$
1,362

Buildings, improvements and lease intangibles
28,991

 
4,410

 
30,906

 
5,772

Accumulated depreciation
(16,721
)
 
(2,977
)
Real estate assets held for sale, net
14,185

 
2,795

Other assets, net (including receivables)
926

 
297

Assets held for sale and discontinued operations, net
$
15,111

 
$
3,092

 
 
 
 
Accounts payable and accrued liabilities
$
93

 
$
22

Other liabilities
—

 
592

Liabilities of properties held for sale and discontinued operations
$
93

 
$
614


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, 2017 and 2016.
 
Three Months Ended March 31,
(Dollars in thousands)
2017
 
2016
Statements of Income data:
 
 
 
Revenues
 
 
 
Rental income
$
—

 
$
—

 
—

 
—

Expenses
 
 
 
Property operating
18

 
7

 
18

 
7

Other Income (Expense)
 
 
 
Interest and other income, net
—

 
—

 
—

 
—

Discontinued Operations
 
 
 
Loss from discontinued operations
(18
)
 
(7
)
Gain on sales of real estate assets
5

 
—

Loss from Discontinued Operations
$
(13
)
 
$
(7
)