Real Estate Investments (Tables)

9 Months Ended

Sep. 30, 2020

The following table details the Company's acquisitions for the nine months ended September 30, 2020:


Dollars in millions	TYPE 1	DATE ACQUIRED	PURCHASE PRICE		MORTGAGE NOTES PAYABLE		CASH CONSIDERATION 2		REAL ESTATE		OTHER 3		SQUARE FOOTAGE
Los Angeles, CA	MOB	1/3/20	$	42.0	$	(19.3)	$	22.8	$	42.4	$	(0.3)	86,986
Atlanta, GA	MOB	2/13/20	12.0		—		11.8		12.1		(0.3)		64,624
Raleigh, NC	MOB	2/25/20	6.3		—		6.5		6.5		—		15,964
Colorado Springs, CO	MOB	3/9/20	8.2		—		8.3		8.6		(0.3)		34,210
Denver, CO 4	MOB	3/13/20	33.5		—		33.2		34.0		(0.8)		136,994
San Diego, CA	MOB	7/1/20	16.7		—		16.7		16.9		(0.2)		46,083
Los Angeles, CA	MOB	7/17/20	35.0		—		37.7		37.7		—		49,785
Seattle, WA	MOB	7/23/20	11.0		—		10.9		11.3		(0.4)		21,309
Atlanta, GA	MOB	7/31/20	20.5		—		21.6		21.3		0.3		48,145
Houston, TX	MOB	9/24/20	11.0		—		10.9		11.0		(0.1)		40,235
Los Angeles, CA	MOB	9/28/20	14.0		—		14.0		13.9		0.1		24,252

Total real estate acquisitions			$	210.2	$	(19.3)	$	194.4	$	215.7	$	(2.0)	568,587
Land acquisition 5			1.6		—		1.7		1.7		—		—
Land acquisition 6			1.0		—		1.1		1.1		—		—
			$	212.8	$	(19.3)	$	197.2	$	218.5	$	(2.0)	568,587

1MOB = medical office building.

2Cash consideration excludes prorations of revenue and expense due to/from seller at the time of the acquisition.

3Includes other assets acquired, liabilities assumed, and intangibles recognized at acquisition.

4Includes three properties.

5The Company acquired land parcels under four existing buildings (previously ground leased).

6The Company acquired a land parcel under an existing building (previously ground leased). The building and land were sold on September 30, 2020.

Subsequent Acquisition

On October 7, 2020 the Company acquired a 36,720 square foot medical office building in Colorado Springs, CO for a purchase price of $8.9 million.

Real estate dispositions

The following table details the Company's dispositions for the nine months ended September 30, 2020:


Dollars in millions	TYPE 1	Date Disposed	Sale Price		Closing Adjustments		Net Proceeds		Net Real Estate Investment		Other (including receivables)2		Gain/(Impairment)		Square Footage (Unaudited)
Springfield, MO 3	SF	7/30/20	$	138.0	$	—	$	138.0	$	92.4	$	3.9	$	41.7	186,000
Oklahoma City, OK 3	MOB	7/30/20	106.5		—		106.5		76.8		3.1		26.6		200,000
Miami, FL	MOB	9/30/20	5.0		(0.2)		4.8		2.6		0.1		2.1		26,000

Total dispositions			$	249.5	$	(0.2)	$	249.3	$	171.8	$	7.1	$	70.4	412,000

1.MOB = medical office building; SF = surgical facility

2.Includes straight-line rent receivables, leasing commissions and lease inducements.

3.In the second quarter of 2020, the Company entered into agreements to sell two single-tenant net leased properties, resulting in a lease modification and classification change from operating to sales-type.

Schedule of assets and liabilities held for sale

The table below reflects the assets and liabilities of the properties classified as held for sale as of September 30, 2020 and December 31, 2019:


(Dollars in thousands)	September 30, 2020		December 31, 2019
Balance Sheet data:
Land	$	1,664	$	—
Building, improvements and lease intangibles	26,871		—
Personal property	39		—
	28,574		—
Accumulated depreciation	(10,443)		—
Real estate assets held for sale, net	18,131		—
Other assets, net	1,920		37
Assets held for sale, net	$	20,051	$	37

Accounts payable and accrued liabilities	$	437	$	37
Other liabilities	111		108
Liabilities of assets held for sale	$	548	$	145