Real Estate Investments (Tables)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Schedule of Acquisitions

The following table details the Company's acquisitions for the six months ended June 30, 2017 (dollars in millions):

Location	Type (1)	Date Acquired	Purchase Price		Mortgage Note Payable Assumed (2)			Cash Consideration (3)		Real Estate		Other (4)			Square Footage
St. Paul, Minnesota	MOB	3/6/17	$	13.5	$	—		$	13.5	$	13.3	$	0.2		34,608
San Francisco, California	MOB	6/12/17	26.8		—			26.8		26.8		—			75,649
Washington, D.C.	MOB	6/13/17	24.0		(12.1		)	12.5		24.8		(0.2		)	62,379
Total acquisitions			$	64.3	$	(12.1	)	$	52.8	$	64.9	$	—		172,636

______

(1) MOB = medical office building

(2) The mortgage note payable assumed in the acquisition does not reflect the fair value adjustments totaling $0.4 million recorded by the Company upon acquisition (included in Other).

(3) Cash consideration excludes prorations of revenue and expense due to/from seller at the time of the acquisition.

(4) Includes assets acquired, liabilities assumed, and intangibles recognized at acquisition.

Schedule of Dispositions

The following table details the Company's dispositions for the six months ended June 30, 2017 (dollars in millions):

Location	Type (1)	Date Disposed	Sales Price		Closing Adjustments			Net Proceeds		Net Real Estate Investment		Other (including receivables)(3)		Gain		Square Footage
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
Chicago, Illinois (2)	MOB	6/16/17	0.5		(0.1		)	0.4		0.4		—		—		5,100
San Antonio, Texas (2)	IRF	6/29/17	14.5		(0.2		)	14.3		5.1		0.9		8.3		39,786
Roseburg, Oregon	MOB	6/29/17	23.2		(0.6		)	22.6		14.5		0.3		7.8		62,246
Total dispositions			$	120.2	$	(3.2	)	$	117.0	$	70.8	$	6.7	$	39.5	336,501

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(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 June 30, 2017 and December 31, 2016:

(Dollars in thousands)	June 30, 2017			December 31, 2016
Balance Sheet data:
Land	$	1,125		$	1,362
Buildings, improvements and lease intangibles	18,231			4,410
	19,356			5,772
Accumulated depreciation	(10,657		)	(2,977		)
Real estate assets held for sale, net	8,699			2,795
Other assets, net (including receivables)	68			297
Assets held for sale and discontinued operations, net	$	8,767		$	3,092
Accounts payable and accrued liabilities	$	186		$	22
Other liabilities	213			592
Liabilities of properties held for sale and discontinued operations	$	399		$	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 and six months ended June 30, 2017 and 2016.

	Three Months Ended June 30,					Six Months Ended June 30,
(Dollars in thousands)	2017		2016			2017			2016
Statements of Income data:
Revenues
Rental income	$	—	$	—		$	—		$	—
	—		—			—			—
Expenses
Property operating	—		19			17			27
	—		19			17			27
Other Income (Expense)
Interest and other income, net	—		—			—			—
	—		—			—			—
Discontinued Operations
Loss from discontinued operations	—		(19		)	(17		)	(27		)
Gain on sales of real estate assets	—		7			5			7
Loss from Discontinued Operations	$	—	$	(12	)	$	(12	)	$	(20	)