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Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2017

SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]

Real Estate and Accumulated Depreciation

Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2017

(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	193		AL, AZ, CA, CO, DC, FL, GA, HI, IA, IL, IN, LA, MD, MI, MN, MO, MS, NC, OH, OK, SC, SD, TN, TX, VA, WA	$	190,813			$	3,862			$	194,675			$	2,823,611			$	502,564			$	3,326,175			$	4,193			$	3,525,043			$	835,768			$	154,916			1993-2017		1906 -2015
Inpatient	6		CA, CO, MO, PA, TX	8,179				—				8,179				255,495				9,861				265,356				—				273,535				66,780				—				1994-2013		1986 -2013
Other	10		IA, MI, TN, TX, VA	2,992				73				3,065				66,440				7,143				73,583				600				77,248				26,032				—				1993-2015		1964 - 2015
Total Real Estate	209			201,984				3,935				205,919				3,145,546				519,568				3,665,114				4,793				3,875,826				928,580				154,916
Land Held for Develop.	—			20,123				—				20,123				—				—				—				—				20,123				239				—
Construction in Progress (5)	—			—				—				—				—				—				5,458				—				5,458				—				—
Corporate Property	—			—				—				—				—				—				—				5,603				5,603				4,401				—
Total Properties	209			$	222,107			$	3,935			$	226,042			$	3,145,546			$	519,568			$	3,670,572			$	10,396			$	3,907,010			$	933,220			$	154,916


(1)	Includes eight assets held for sale as of December 31, 2017 of approximately $68.4 million (gross) and accumulated depreciation of $35.8 million.


(2)	Total properties as of December 31, 2017 have an estimated aggregate total cost of $4.0 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 2.1 to 99.0 years, personal property over 2.8 to 20.0 years, and land improvements over 5.0 to 39.0 years.


(4)	Includes unamortized premium of $2.7 million and unaccreted discount of $1.3 million and issuance costs of $0.9 million as of December 31, 2017.


(5)	Rollforward of Total Property and Accumulated Depreciation for the year ended December 31, 2017, 2016 and 2015 follows:



	Year Ended December 31, 2017								Year Ended December 31, 2016								Year Ended December 31, 2015
(Dollars in thousands)	Total Property				Accumulated Depreciation				Total Property				Accumulated Depreciation				Total Property				Accumulated Depreciation
Beginning Balance	$	3,633,993			$	843,816			$	3,382,680			$	762,996			$	3,271,536			$	705,135
Additions during the period:
Real Estate acquired	322,616				4,206				239,265				3,898				183,478				3,048
Other improvements	59,442				135,807				70,595				121,592				47,985				111,625
Land held for development	—				74				—				26				500				26
Construction in Progress	14,598				—				35,596				—				19,024				—
Retirement/dispositions:
Real Estate	(123,639		)		(50,683		)		(94,143		)		(44,696		)		(139,741		)		(56,838		)
Land held for development	—				—				—				—				(102		)		—
Ending Balance	$	3,907,010			$	933,220			$	3,633,993			$	843,816			$	3,382,680			$	762,996