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Real Estate Investments (Tables)
 9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
Summary of acquisitions The following table details the Company's acquisitions for the nine months ended September 30, 2018:
(Dollars in millions)
Type (1)
 
Date
Acquired
 
Purchase Price

 
Mortgage
Notes Payable Assumed (2)

 
Cash
Consideration(3)

 
Real
Estate

 
Other (4)

 
Square
Footage
(Unaudited)

Seattle, Washington
MOB
 
5/4/18
 
$
7.8

 
$
—

 
$
7.8

 
$
7.8

 
$
—

 
13,314

Denver, Colorado (5)
MOB, OFC
 
5/18/18
 
25.0

 
(8.0
)
 
16.6

 
25.1

 
(0.4
)
 
187,861

Oklahoma City, Oklahoma
MOB
 
5/21/18
 
11.4

 
—

 
11.4

 
11.5

 
(0.1
)
 
82,647

Seattle, Washington
MOB
 
6/29/18
 
26.2

 
—

 
26.2

 
26.7

 
(0.5
)
 
86,942

Denver, Colorado
MOB
 
8/24/18
 
4.1

 
—

 
4.2

 
4.2

 
—

 
17,084

 
 
 
 
 
$
74.5

 
$
(8.0
)
 
$
66.2

 
$
75.3

 
$
(1.0
)
 
387,848

______
(1)
MOB = medical office building; OFC = office
(2)
The mortgage note payable assumed in the acquisition does not reflect the fair value premium totaling $0.1 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 other assets acquired, liabilities assumed, intangibles recognized at acquisition and fair value adjustments on debt assumed.
(5)
Includes two properties.
Summary of dispositions The following table details the Company's dispositions for the nine months ended September 30, 2018:
(Dollars in millions)
Type (1)
 
Date
Disposed
 
Sales Price
 
Closing Adjustments
 
Net
Proceeds
 
Net Real
Estate
Investment
 
Other (including receivables) (2)
 
Gain
 
Square
Footage
(Unaudited)
Virginia (3) (4)
MOB, OFC
 
4/26/18
 
$
46.2

 
$
—

 
$
46.2

 
$
23.9

 
$
—

 
$
22.3

 
460,881

Michigan (3) (5)
SNF
 
6/27/18
 
9.5

 
(0.7
)
 
8.8

 
3.4

 
—

 
5.4

 
121,672

Missouri
MOB
 
8/30/18
 
9.8

 
(0.5
)
 
9.3

 
7.5

 
0.5

 
1.3

 
70,893

Total dispositions
 
$
65.5

 
$
(1.2
)
 
$
64.3

 
$
34.8

 
$
0.5

 
$
29.0

 
653,446

______
(1)
MOB = medical office building; OFC = office; SNF = skilled nursing facility
(2)
Includes straight-line rent receivables and leasing commissions.
(3)
Previously classified as held for sale.
(4)
Includes seven properties, comprised of five single-tenant net lease buildings and two multi-tenant buildings. These buildings were sold pursuant to the exercise of a fixed-price purchase option.
(5)
Includes five skilled nursing facilities. Sales price includes $0.5 million of forfeited earnest money from a prior terminated transaction.
Assets held for sale The table below reflects the assets and liabilities of the properties classified as held for sale as of September 30, 2018 and December 31, 2017:
(Dollars in thousands)
September 30,
2018
 
December 31,
2017
Balance Sheet data:
 
 
 
Land
$
1,125

 
$
4,636

Buildings, improvements and lease intangibles
18,231

 
63,654

Personal property
—

 
82

 
19,356

 
68,372

Accumulated depreciation
(10,657
)
 
(35,790
)
Real estate assets held for sale, net
8,699

 
32,582

Other assets, net
127

 
565

Assets held for sale, net
$
8,826

 
$
33,147

 
 
 
 
Accounts payable and accrued liabilities
$
119

 
$
38

Other liabilities
22

 
55

Liabilities of properties held for sale
$
141

 
$
93