Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Feb. 18, 2015 | Jun. 30, 2014 | |
Entity Information [Line Items] | |||
Entity Registrant Name | HEALTHCARE TRUST OF AMERICA, INC. | ||
Entity Central Index Key | 1360604 | ||
Document Type | 10-K | ||
Document Period End Date | 31-Dec-14 | ||
Amendment Flag | FALSE | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | -19 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 125,170,080 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $2,852,974,000 | ||
Healthcare Trust of America Holdings, LP (HTALP) | |||
Entity Information [Line Items] | |||
Entity Registrant Name | Healthcare Trust of America Holdings, LP | ||
Entity Central Index Key | 1495491 | ||
Document Type | 10-K | ||
Document Period End Date | 31-Dec-14 | ||
Amendment Flag | FALSE | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | -19 | ||
Entity Filer Category | Non-accelerated Filer |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | ||
In Thousands, unless otherwise specified | ||||
Real estate investments: | ||||
Land | $287,755 | $203,001 | ||
Building and improvements | 2,665,777 | 2,358,071 | ||
Lease intangibles | 419,288 | 411,857 | ||
Real estate investments, gross | 3,372,820 | 2,972,929 | ||
Accumulated depreciation and amortization | -549,976 | -445,938 | ||
Real estate investments, net ($80,419 and $0 from consolidated VIEs, see Note 2) | 2,822,844 | 2,526,991 | ||
Real estate notes receivable | 0 | 28,520 | ||
Cash and cash equivalents | 10,413 | 18,081 | ||
Restricted cash and escrow deposits | 20,799 | 18,114 | ||
Receivables and other assets, net | 144,106 | 110,285 | ||
Other intangibles, net | 43,488 | 50,343 | ||
Total assets | 3,041,650 | 2,752,334 | ||
Liabilities: | ||||
Debt | 1,412,461 | 1,214,241 | ||
Accounts payable and accrued liabilities | 101,042 | 82,893 | ||
Derivative financial instruments - interest rate swaps | 2,888 | 5,053 | ||
Security deposits, prepaid rent and other liabilities | 32,687 | 35,339 | ||
Intangible liabilities, net | 12,425 | 11,797 | ||
Total liabilities | 1,561,503 | 1,349,323 | ||
Commitments and contingencies | ||||
Redeemable noncontrolling interests | 3,726 | 3,262 | ||
Equity/Partners' Capital: | ||||
Preferred stock, $0.01 par value; 200,000,000 shares authorized; none issued and outstanding | 0 | 0 | ||
Class A common stock, $0.01 par value; 1,000,000,000 shares authorized; 125,087,268 and 118,440,307 shares issued and outstanding as of December 31, 2014 and 2013, respectively | 1,251 | [1] | 1,184 | [1] |
Additional paid-in capital | 2,281,932 | [1] | 2,128,082 | [1] |
Cumulative dividends in excess of earnings | -836,044 | -742,060 | ||
Total stockholders’ equity | 1,447,139 | 1,387,206 | ||
Noncontrolling interest | 29,282 | 12,543 | ||
Total equity | 1,476,421 | 1,399,749 | ||
Total liabilities and equity/partners' capital | 3,041,650 | 2,752,334 | ||
Healthcare Trust of America Holdings, LP (HTALP) | ||||
Real estate investments: | ||||
Land | 287,755 | 203,001 | ||
Building and improvements | 2,665,777 | 2,358,071 | ||
Lease intangibles | 419,288 | 411,857 | ||
Real estate investments, gross | 3,372,820 | 2,972,929 | ||
Accumulated depreciation and amortization | -549,976 | -445,938 | ||
Real estate investments, net ($80,419 and $0 from consolidated VIEs, see Note 2) | 2,822,844 | 2,526,991 | ||
Real estate notes receivable | 0 | 28,520 | ||
Cash and cash equivalents | 10,413 | 18,081 | ||
Restricted cash and escrow deposits | 20,799 | 18,114 | ||
Receivables and other assets, net | 144,106 | 110,285 | ||
Other intangibles, net | 43,488 | 50,343 | ||
Total assets | 3,041,650 | 2,752,334 | ||
Liabilities: | ||||
Debt | 1,412,461 | 1,214,241 | ||
Accounts payable and accrued liabilities | 101,042 | 82,893 | ||
Derivative financial instruments - interest rate swaps | 2,888 | 5,053 | ||
Security deposits, prepaid rent and other liabilities | 32,687 | 35,339 | ||
Intangible liabilities, net | 12,425 | 11,797 | ||
Total liabilities | 1,561,503 | 1,349,323 | ||
Commitments and contingencies | ||||
Redeemable noncontrolling interests | 3,726 | 1,717 | ||
Equity/Partners' Capital: | ||||
Limited partners’ capital, 2,154,942 and 1,526,459 units issued and outstanding as of December 31, 2014 and 2013, respectively | 29,012 | [1] | 13,818 | [1] |
General partners’ capital, 125,087,268 and 118,440,307 units issued and outstanding as of December 31, 2014 and 2013, respectively | 1,447,409 | [1] | 1,387,476 | [1] |
Total partners’ capital | 1,476,421 | 1,401,294 | ||
Total liabilities and equity/partners' capital | $3,041,650 | $2,752,334 | ||
[1] | Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | ||
In Thousands, except Share data, unless otherwise specified | ||||
Equity: | ||||
Preferred stock, par value (usd per share) | $0.01 | $0.01 | ||
Preferred stock, shares authorized | 200,000,000 | 200,000,000 | ||
Preferred stock, shares issued | 0 | 0 | ||
Preferred stock, shares outstanding | 0 | 0 | ||
Class A | ||||
Equity: | ||||
Common stock, par value (usd per share) | $0.01 | $0.01 | ||
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 | ||
Common stock, shares issued | 125,087,268 | 118,440,307 | ||
Common stock, shares outstanding | 125,087,268 | 118,440,307 | ||
Variable Interest Entity, Primary Beneficiary | ||||
Real estate investments, VIE | $80,419 | $0 | ||
Healthcare Trust of America Holdings, LP (HTALP) | ||||
Partners’ Capital: | ||||
Limited partner's capital, units issued | 2,154,942 | [1] | 1,526,459 | [1] |
Limited partner's capital, units outstanding | 2,154,942 | [1] | 1,526,459 | [1] |
General partner's capital, units issued | 125,087,268 | [1] | 118,440,307 | [1] |
General partner's capital, units outstanding | 125,087,268 | [1] | 118,440,307 | [1] |
Healthcare Trust of America Holdings, LP (HTALP) | Variable Interest Entity, Primary Beneficiary | ||||
Real estate investments, VIE | $80,419 | $0 | ||
[1] | Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||
Revenues: | ||||||
Rental income | $369,571 | $319,043 | $295,340 | |||
Interest income from real estate notes receivable | 1,934 | 2,558 | 4,304 | |||
Total revenues | 371,505 | 321,601 | 299,644 | |||
Expenses: | ||||||
Rental | 113,508 | 97,316 | 95,307 | |||
General and administrative | 24,947 | 24,448 | 21,741 | |||
Non-traded REIT | 0 | 0 | 4,340 | |||
Acquisition-related | 9,545 | 7,523 | 8,843 | |||
Depreciation and amortization | 140,432 | 121,647 | 116,418 | |||
Listing | 0 | 4,405 | 22,573 | |||
Total expenses | 288,432 | 255,339 | 269,222 | |||
Income before other income (expense) | 83,073 | 66,262 | 30,422 | |||
Interest expense: | ||||||
Interest related to derivative financial instruments | -5,904 | -5,314 | -4,944 | |||
Net gain (loss) on change in the fair value of derivative financial instruments | -2,870 | 10,796 | -7,667 | |||
Total interest related to derivative financial instruments, including net change in the fair value of derivative financial instruments | -8,774 | 5,482 | -12,611 | |||
Interest related to debt | -51,585 | -47,102 | -40,382 | |||
Gain on sales of real estate | 27,894 | 0 | 0 | |||
Loss on extinguishment of debt, net | -4,663 | 0 | -1,886 | |||
Other income | 49 | 42 | 89 | |||
Net income (loss) | 45,994 | 24,684 | -24,368 | |||
Net income attributable to noncontrolling interests | -623 | [1] | -423 | [1] | -56 | [1] |
Net income (loss) attributable to common stockholders/unitholders | 45,371 | 24,261 | -24,424 | |||
Earnings (losses) per common share/unit - basic | ||||||
Net income (loss) attributable to common stockholders/unitholders (usd per share) | $0.38 | [2] | $0.21 | [2] | ($0.22) | [2] |
Earnings (losses) per common share/unit - diluted: | ||||||
Net income (loss) attributable to common stockholders/unitholders (usd per share) | $0.37 | [2] | $0.21 | [2] | ($0.22) | [2] |
Weighted average number of common shares/units outstanding: | ||||||
Basic (in shares/units) | 119,904 | [2] | 114,038 | [2] | 111,357 | [2] |
Diluted (in shares/units) | 121,168 | [2] | 114,970 | [2] | 111,357 | [2] |
Healthcare Trust of America Holdings, LP (HTALP) | ||||||
Revenues: | ||||||
Rental income | 369,571 | 319,043 | 295,340 | |||
Interest income from real estate notes receivable | 1,934 | 2,558 | 4,304 | |||
Total revenues | 371,505 | 321,601 | 299,644 | |||
Expenses: | ||||||
Rental | 113,508 | 97,316 | 95,307 | |||
General and administrative | 24,947 | 24,448 | 21,741 | |||
Non-traded REIT | 0 | 0 | 4,340 | |||
Acquisition-related | 9,545 | 7,523 | 8,843 | |||
Depreciation and amortization | 140,432 | 121,647 | 116,418 | |||
Listing | 0 | 4,405 | 22,573 | |||
Total expenses | 288,432 | 255,339 | 269,222 | |||
Income before other income (expense) | 83,073 | 66,262 | 30,422 | |||
Interest expense: | ||||||
Interest related to derivative financial instruments | -5,904 | -5,314 | -4,944 | |||
Net gain (loss) on change in the fair value of derivative financial instruments | -2,870 | 10,796 | -7,667 | |||
Total interest related to derivative financial instruments, including net change in the fair value of derivative financial instruments | -8,774 | 5,482 | -12,611 | |||
Interest related to debt | -51,585 | -47,102 | -40,382 | |||
Gain on sales of real estate | 27,894 | 0 | 0 | |||
Loss on extinguishment of debt, net | -4,663 | 0 | -1,886 | |||
Other income | 49 | 42 | 89 | |||
Net income (loss) | 45,994 | 24,684 | -24,368 | |||
Net income attributable to noncontrolling interests | -133 | [1] | -51 | [1] | -40 | [1] |
Net income (loss) attributable to common stockholders/unitholders | $45,861 | $24,633 | ($24,408) | |||
Earnings (losses) per common share/unit - basic | ||||||
Net income (loss) attributable to common stockholders/unitholders (usd per share) | $0.38 | [2] | $0.21 | [2] | ($0.22) | [2] |
Earnings (losses) per common share/unit - diluted: | ||||||
Net income (loss) attributable to common stockholders/unitholders (usd per share) | $0.38 | [2] | $0.21 | [2] | ($0.22) | [2] |
Weighted average number of common shares/units outstanding: | ||||||
Basic (in shares/units) | 121,340 | [2] | 115,565 | [2] | 112,341 | [2] |
Diluted (in shares/units) | 121,340 | [2] | 115,565 | [2] | 112,341 | [2] |
[1] | Includes amounts attributable to redeemable noncontrolling interests. | |||||
[2] | Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Consolidated_Statements_of_Ope1
Consolidated Statements of Operations (Parenthetical) | 0 Months Ended |
Dec. 15, 2014 | |
Reverse stock split conversion ratio | 0.5 |
Healthcare Trust of America Holdings, LP (HTALP) | |
Reverse stock split conversion ratio | 0.5 |
Consolidated_Statements_of_Equ
Consolidated Statements of Equity (USD $) | Total | Class A | Common Stock | Common Stock | Common Stock | Additional Paid-In Capital | Cumulative Dividends in Excess of Earnings | Total Stockholders’ Equity | Noncontrolling Interest | |||||
In Thousands, except Share data, unless otherwise specified | USD ($) | USD ($) | Class A | Class B | USD ($) | USD ($) | USD ($) | USD ($) | ||||||
Beginning balance at Dec. 31, 2011 | $1,567,340 | $1,142 | [1] | $2,033,447 | [1] | ($467,249) | $1,567,340 | $0 | ||||||
Beginning balance, shares at Dec. 31, 2011 | [1] | 114,246,000 | 0 | 0 | ||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Share-based award transactions, net (in shares) | [1] | 313,000 | 166,000 | 6,000 | ||||||||||
Share-based award transactions, net | 17,408 | 5 | [1] | 6,959 | [1] | 6,964 | 10,444 | |||||||
Issuance of common stock under the DRIP, shares | [1] | 1,681,000 | ||||||||||||
Issuance of common stock under the DRIP | 31,916 | 17 | [1] | 31,899 | [1] | 31,916 | ||||||||
Repurchase and cancellation of common stock (in shares) | [1] | -1,535,000 | -7,479,000 | -72,000 | ||||||||||
Repurchase and cancellation of common stock | -185,486 | -90 | [1] | -185,396 | [1] | -185,486 | ||||||||
Conversion | [1] | -114,705,000 | 57,356,000 | 57,349,000 | ||||||||||
Dividends | [1] | -142,159 | -142,044 | -142,044 | -115 | |||||||||
Net income (loss) | -24,424 | -24,424 | -24,424 | 0 | ||||||||||
Ending balance at Dec. 31, 2012 | 1,264,595 | 1,074 | [1] | 1,886,909 | [1] | -633,717 | 1,254,266 | 10,329 | ||||||
Ending balance, shares at Dec. 31, 2012 | [1] | 0 | 50,043,000 | 57,283,000 | ||||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Share-based award transactions, net (in shares) | [1] | 211,000 | -8,000 | |||||||||||
Share-based award transactions, net | 5,724 | 2 | [1] | 2,469 | [1] | 76 | 2,547 | 3,177 | ||||||
Issuance of common stock under the DRIP | 0 | |||||||||||||
Issuance of common stock (in shares) | [1] | 10,937,000 | ||||||||||||
Issuance of common stock | 239,334 | 109 | [1] | 239,225 | [1] | 239,334 | ||||||||
Repurchase and cancellation of common stock (in shares) | [1] | -26,000 | ||||||||||||
Repurchase and cancellation of common stock | -522 | -1 | [1] | -521 | [1] | -522 | ||||||||
Conversion | [1] | 57,275,000 | -57,275,000 | |||||||||||
Dividends | [1] | -133,984 | -132,680 | -132,680 | -1,304 | |||||||||
Net income (loss) | 24,602 | 24,261 | 24,261 | 341 | ||||||||||
Ending balance at Dec. 31, 2013 | 1,399,749 | 1,184 | [1] | 2,128,082 | [1] | -742,060 | 1,387,206 | 12,543 | ||||||
Ending balance, shares at Dec. 31, 2013 | 118,440,307 | 0 | [1] | 118,440,000 | [1] | |||||||||
Increase (Decrease) in Stockholders' Equity | ||||||||||||||
Share-based award transactions, net (in shares) | [1] | 263,000 | ||||||||||||
Share-based award transactions, net | 4,383 | 3 | [1] | 4,380 | [1] | 4,383 | 0 | |||||||
Issuance of common stock under the DRIP | 0 | |||||||||||||
Issuance of common stock (in shares) | [1] | 6,371,000 | ||||||||||||
Issuance of common stock | 152,014 | 64 | [1] | 151,950 | [1] | 152,014 | ||||||||
Repurchase and cancellation of common stock (in shares) | [1] | -48,000 | ||||||||||||
Repurchase and cancellation of common stock | -1,056 | -1 | [1] | -1,055 | [1] | -1,056 | ||||||||
Dividends | [1] | -141,010 | -139,355 | -139,355 | -1,655 | |||||||||
Net income (loss) | 45,810 | 45,371 | 45,371 | 439 | ||||||||||
Issuance of operating partnership units in connection with acquisitions | 16,960 | 16,960 | ||||||||||||
Redemption of noncontrolling interest and other (in shares) | [1] | 61,000 | ||||||||||||
Redemption of noncontrolling interest and other | -429 | 1 | -1,425 | [1] | -1,424 | 995 | ||||||||
Ending balance at Dec. 31, 2014 | $1,476,421 | $1,251 | [1] | $2,281,932 | [1] | ($836,044) | $1,447,139 | $29,282 | ||||||
Ending balance, shares at Dec. 31, 2014 | 125,087,268 | 0 | [1] | 125,087,000 | [1] | 0 | [1] | |||||||
[1] | Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Consolidated_Statements_of_Equ1
Consolidated Statements of Equity (Parenthetical) (USD $) | 0 Months Ended | 12 Months Ended | ||
Dec. 15, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Statement of Stockholders' Equity [Abstract] | ||||
Dividends declared per common share (in usd per share) | $1.16 | $1.15 | $1.27 | |
Reverse stock split conversion ratio | 0.5 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes In Partners' Capital (USD $) | Total | Healthcare Trust of America Holdings, LP (HTALP) | Healthcare Trust of America Holdings, LP (HTALP) | Healthcare Trust of America Holdings, LP (HTALP) | |
In Thousands, unless otherwise specified | General Partner | Limited Partner | |||
Balance as of beginning of period at Dec. 31, 2011 | $1,568,927 | $1,567,510 | $1,417 | ||
Balance as of beginning of period (in units) at Dec. 31, 2011 | [1] | 114,246 | 78 | ||
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||
Issuance of units under the DRIP | [1] | 1,681 | |||
Issuance of units under the DRIP | 31,916 | 31,916 | |||
Share-based award transactions, net (in units) | [1] | 485 | 1,450 | ||
Share-based award transactions, net | 17,408 | 6,964 | 10,444 | ||
Redemptions of general partner units (in units) | [1] | -9,086 | |||
Redemptions of general partner units | -185,486 | -185,486 | |||
Distributions | [1] | -142,158 | -141,944 | -214 | |
Net income (loss) attributable to common unitholders | -24,424 | -24,408 | -24,424 | 16 | |
Balance as of end of period at Dec. 31, 2012 | 1,266,199 | 1,254,536 | 11,663 | ||
Balance as of end of period (in units) at Dec. 31, 2012 | [1] | 107,326 | 1,528 | ||
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||
Net income (loss) attributable to common unitholders | 1,351 | 1,359 | |||
Balance as of end of period at Mar. 31, 2013 | |||||
Balance as of beginning of period at Dec. 31, 2012 | 1,266,199 | 1,254,536 | 11,663 | ||
Balance as of beginning of period (in units) at Dec. 31, 2012 | [1] | 107,326 | 1,528 | ||
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||
Issuance of general partner units (in units) | [1] | 10,937 | |||
Issuance of general partner units | 239,334 | 239,334 | |||
Share-based award transactions, net (in units) | [1] | 203 | -1 | ||
Share-based award transactions, net | 5,724 | 2,547 | 3,177 | ||
Redemptions of general partner units (in units) | [1] | -26 | |||
Redemptions of general partner units | -522 | -522 | |||
Distributions | [1] | -134,074 | -132,680 | -1,394 | |
Net income (loss) attributable to common unitholders | 24,261 | 24,633 | 24,261 | 372 | |
Balance as of end of period at Dec. 31, 2013 | 1,401,294 | 1,387,476 | 13,818 | ||
Balance as of end of period (in units) at Dec. 31, 2013 | [1] | 118,440 | 1,527 | ||
Balance as of beginning of period at Sep. 30, 2013 | |||||
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||
Net income (loss) attributable to common unitholders | 4,062 | 4,050 | |||
Balance as of end of period at Dec. 31, 2013 | 1,401,294 | ||||
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||
Net income (loss) attributable to common unitholders | 5,292 | 5,396 | |||
Balance as of end of period at Mar. 31, 2014 | |||||
Balance as of beginning of period at Dec. 31, 2013 | 1,401,294 | 1,387,476 | 13,818 | ||
Balance as of beginning of period (in units) at Dec. 31, 2013 | [1] | 118,440 | 1,527 | ||
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||
Issuance of general partner units (in units) | [1] | 6,371 | |||
Issuance of general partner units | 152,014 | 152,014 | |||
Issuance of limited partner units in connection with acquisitions (in units) | [1] | 692 | |||
Issuance of limited partner units in connection with acquisitions | 16,960 | 16,960 | |||
Share-based award transactions, net (in units) | [1] | 263 | -3 | ||
Share-based award transactions, net | 4,383 | 4,383 | 0 | ||
Redemptions of general partner units (in units) | [1] | -48 | 0 | ||
Redemptions of general partner units | -1,056 | -1,056 | 0 | ||
Redemption of limited partner units and other (in units) | [1] | 61 | -61 | ||
Redemption of limited partner units and other | -2,025 | -1,424 | -601 | ||
Distributions | [1] | -141,010 | -139,355 | -1,655 | |
Net income (loss) attributable to common unitholders | 45,371 | 45,861 | 45,371 | 490 | |
Balance as of end of period at Dec. 31, 2014 | 1,476,421 | 1,447,409 | 29,012 | ||
Balance as of end of period (in units) at Dec. 31, 2014 | [1] | 125,087 | 2,155 | ||
Balance as of beginning of period at Sep. 30, 2014 | |||||
Increase (Decrease) in Partners' Capital [Roll Forward] | |||||
Net income (loss) attributable to common unitholders | [2] | 21,192 | 21,430 | ||
Balance as of end of period at Dec. 31, 2014 | $1,476,421 | ||||
[1] | Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||
[2] | The increase in net income is due to the gain on sale of real estate. |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes In Partners' Capital (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Healthcare Trust of America Holdings, LP (HTALP) | General Partner | |||
Dividends per common unit general and limited (in dollars per unit) | $1.16 | $1.15 | $1.27 |
Healthcare Trust of America Holdings, LP (HTALP) | Limited Partner | |||
Dividends per common unit general and limited (in dollars per unit) | $1.16 | $1.15 | $1.27 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Cash flows from operating activities: | |||
Net income (loss) | $45,994 | $24,684 | ($24,368) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
Depreciation, amortization and other | 137,188 | 119,904 | 114,575 |
Share-based compensation expense | 4,383 | 5,648 | 17,408 |
Bad debt expense | 312 | 453 | 1,064 |
Gain on sales of real estate | -27,894 | 0 | 0 |
Loss on extinguishment of debt, net | 4,663 | 0 | 0 |
Change in fair value of derivative financial instruments | 2,870 | -10,796 | 7,667 |
Changes in operating assets and liabilities: | |||
Receivables and other assets, net | -9,252 | -15,931 | -4,765 |
Accounts payable and accrued liabilities | 12,262 | 14,789 | 2,684 |
Security deposits, prepaid rent and other liabilities | -2,027 | 9,073 | 2,520 |
Net cash provided by operating activities | 168,499 | 147,824 | 116,785 |
Cash flows from investing activities: | |||
Acquisition of real estate operating properties | -307,271 | -340,307 | -257,386 |
Acquisition of note receivable | -11,924 | 0 | 0 |
Proceeds from sales of real estate | 78,854 | 0 | 0 |
Capital expenditures | -29,037 | -25,382 | -22,909 |
Collection of real estate notes receivable | 28,520 | 0 | 0 |
Issuance of real estate notes receivable | 0 | -8,520 | 0 |
Restricted cash, escrow deposits and other assets | -18,844 | -491 | -4,830 |
Release of restricted cash | 0 | 0 | 580 |
Real estate deposits paid | 0 | 0 | -3,810 |
Real estate deposits used | 0 | 0 | 4,810 |
Net cash used in investing activities | -259,702 | -374,700 | -283,545 |
Cash flows from financing activities: | |||
Proceeds from unsecured senior notes | 297,615 | 297,558 | 0 |
Borrowings on unsecured revolving credit facility | 294,000 | 158,000 | 360,000 |
Payments on unsecured revolving credit facility | -313,000 | -175,000 | -288,000 |
Borrowings on unsecured term loans | 0 | 0 | 455,000 |
Payments on unsecured term loans | -100,000 | 0 | 0 |
Payments on secured real estate term loan and mortgage loans | -92,236 | -156,963 | -128,601 |
Deferred financing costs | -12,112 | -3,651 | -6,436 |
Derivative financial instrument termination payments | -1,675 | -1,195 | 0 |
Security deposits | -1,025 | 1,225 | 765 |
Proceeds from issuance of common stock, net | 152,014 | 240,657 | 0 |
Repurchase and cancellation of common stock | -1,056 | -522 | -182,602 |
Payment of offering costs | 0 | 0 | -2,884 |
Dividends | -137,158 | -129,360 | -93,273 |
Payment on earnout liability | 0 | -92 | -328 |
Distributions to noncontrolling interest of limited partners | -1,832 | -1,656 | -416 |
Net cash provided by financing activities | 83,535 | 229,001 | 113,225 |
Net change in cash and cash equivalents | -7,668 | 2,125 | -53,535 |
Cash and cash equivalents - beginning of year | 18,081 | 15,956 | 69,491 |
Cash and cash equivalents - end of year | 10,413 | 18,081 | 15,956 |
Healthcare Trust of America Holdings, LP (HTALP) | |||
Cash flows from operating activities: | |||
Net income (loss) | 45,994 | 24,684 | -24,368 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
Depreciation, amortization and other | 137,188 | 119,904 | 114,575 |
Share-based compensation expense | 4,383 | 5,648 | 17,408 |
Bad debt expense | 312 | 453 | 1,064 |
Gain on sales of real estate | -27,894 | 0 | 0 |
Loss on extinguishment of debt, net | 4,663 | 0 | 0 |
Change in fair value of derivative financial instruments | 2,870 | -10,796 | 7,667 |
Changes in operating assets and liabilities: | |||
Receivables and other assets, net | -9,252 | -15,931 | -4,765 |
Accounts payable and accrued liabilities | 12,262 | 14,789 | 2,684 |
Security deposits, prepaid rent and other liabilities | -2,027 | 9,073 | 2,520 |
Net cash provided by operating activities | 168,499 | 147,824 | 116,785 |
Cash flows from investing activities: | |||
Acquisition of real estate operating properties | -307,271 | -340,307 | -257,386 |
Acquisition of note receivable | -11,924 | 0 | 0 |
Proceeds from sales of real estate | 78,854 | 0 | 0 |
Capital expenditures | -29,037 | -25,382 | -22,909 |
Collection of real estate notes receivable | 28,520 | 0 | 0 |
Issuance of real estate notes receivable | 0 | -8,520 | 0 |
Restricted cash, escrow deposits and other assets | -18,844 | -491 | -4,830 |
Release of restricted cash | 0 | 0 | 580 |
Real estate deposits paid | 0 | 0 | -3,810 |
Real estate deposits used | 0 | 0 | 4,810 |
Net cash used in investing activities | -259,702 | -374,700 | -283,545 |
Cash flows from financing activities: | |||
Proceeds from unsecured senior notes | 297,615 | 297,558 | 0 |
Borrowings on unsecured revolving credit facility | 294,000 | 158,000 | 360,000 |
Payments on unsecured revolving credit facility | -313,000 | -175,000 | -288,000 |
Borrowings on unsecured term loans | 0 | 0 | 455,000 |
Payments on unsecured term loans | -100,000 | 0 | 0 |
Payments on secured real estate term loan and mortgage loans | -92,236 | -156,963 | -128,601 |
Deferred financing costs | -12,112 | -3,651 | -6,436 |
Derivative financial instrument termination payments | -1,675 | -1,195 | 0 |
Security deposits | -1,025 | 1,225 | 765 |
Proceeds from issuance of general partner units, net | 152,014 | 240,657 | 0 |
Repurchase and cancellation of general partner units | -1,056 | -522 | -182,602 |
Payment of offering costs | 0 | 0 | -2,884 |
Distributions to general partner | -137,158 | -129,360 | -93,273 |
Payment on earnout liability | 0 | -92 | -328 |
Distributions to limited partners and redeemable noncontrolling interests | -1,832 | -1,656 | -416 |
Net cash provided by financing activities | 83,535 | 229,001 | 113,225 |
Net change in cash and cash equivalents | -7,668 | 2,125 | -53,535 |
Cash and cash equivalents - beginning of year | 18,081 | 15,956 | 69,491 |
Cash and cash equivalents - end of year | $10,413 | $18,081 | $15,956 |
Organization_and_Description_o
Organization and Description of Business | 12 Months Ended |
Dec. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | Organization and Description of Business |
HTA, a Maryland corporation, and HTALP, a Delaware limited partnership, were incorporated or formed, as applicable, on April 20, 2006. HTA operates as a REIT and is the general partner of HTALP, which is the operating partnership. As of December 31, 2014, HTA owned a 98.5% partnership interest and other limited partners, including some of HTA’s directors, executive officers and their affiliates, owned the remaining partnership interest (including the LTIP units) in HTALP. As the sole general partner of HTALP, HTA has the full, exclusive and complete responsibility for HTALP’s day-to-day management and control. HTA operates in an umbrella partnership REIT structure in which HTALP and its subsidiaries hold substantially all of the assets. HTA’s only material asset is its ownership of partnership interests of HTALP. As a result, HTA does not conduct business itself, other than acting as the sole general partner of HTALP, issuing public equity from time to time and guaranteeing certain debts of HTALP. HTALP conducts the operations of the business and issues publicly-traded debt, but has no publicly-traded equity. | |
HTA is one of the largest publicly-traded REITs focused on MOBs in the U.S. based on GLA. We are primarily focused on acquiring, owning and operating high quality MOBs that are predominantly located on the campuses of, or aligned with, nationally or regionally recognized healthcare systems. In addition, we have strong industry relationships, a stable and diversified tenant mix and an extensive and active acquisition network. Our primary objective is to maximize stockholder value with disciplined growth through strategic investments that provide an attractive risk-adjusted return for our stockholders by consistently increasing our cash flow. In pursuing this objective, we (i) seek internal growth through proactive asset management, leasing and property management oversight, (ii) target mid-sized acquisitions of MOBs in markets with dominant healthcare systems, attractive demographics that complement our existing portfolio and (iii) actively manage our balance sheet to maintain flexibility with conservative leverage. HTA has qualified to be taxed as a REIT for federal income tax purposes and intends to continue to be taxed as a REIT. | |
We invest primarily in high quality MOBs in our target markets, and have acquired MOBs and other facilities that serve the healthcare industry with an aggregate purchase price of $3.3 billion through December 31, 2014. | |
Effective December 15, 2014, HTA completed a Reverse Stock Split of its common stock. As a result of the Reverse Stock Split, every two issued and outstanding shares of common stock were converted into one share of common stock. The par value and shares authorized remained unchanged. Concurrently with the Reverse Stock Split, HTALP effected a corresponding Reverse Stock Split of its outstanding units of limited partnership interests. All prior periods have been adjusted to reflect the Reverse Stock Split. All share/unit and per share/unit amounts have been retrospectively adjusted to reflect the Reverse Stock Split. | |
Our principal executive office is located at 16435 North Scottsdale Road, Suite 320, Scottsdale, Arizona, 85254. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies |
The summary of significant accounting policies presented below is designed to assist in understanding our consolidated financial statements. Such consolidated financial statements and the accompanying notes are the representations of our management, who are responsible for their integrity and objectivity. These accounting policies conform to GAAP, in all material respects, and have been consistently applied in preparing our accompanying consolidated financial statements. | |
Basis of Presentation | |
Our accompanying consolidated financial statements include our accounts and those of our subsidiaries and any consolidated VIEs. All inter-company balances and transactions have been eliminated in the accompanying consolidated financial statements. | |
Use of Estimates | |
The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. These estimates are made and evaluated on an ongoing basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates, perhaps in adverse ways, and those estimates could be different under different assumptions or conditions. | |
Cash and Cash Equivalents | |
Cash and cash equivalents consist of all highly liquid investments with a maturity of three months or less when purchased. | |
Restricted Cash | |
Restricted cash is comprised of reserve accounts for property taxes, insurance, capital improvements and tenant improvements as well as collateral accounts for debt and interest rate swaps. | |
Revenue Recognition, Tenant Receivables and Allowance for Uncollectible Accounts | |
Minimum annual rental revenue is recognized on a straight-line basis over the term of the related lease (including rent holidays). Differences between rental income recognized and amount contractually due under the lease agreements are recorded to straight-line rent receivables. Tenant reimbursement revenue, which is comprised of additional amounts recoverable from tenants for common area maintenance expenses and certain other recoverable expenses, is recognized as revenue in the period in which the related expenses are incurred. Tenant reimbursements are recorded on a gross basis, as we are generally the primary obligor with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier, and have credit risk. We recognize lease termination fees when there is a signed termination letter agreement, all of the conditions of the agreement have been met, and the tenant is no longer occupying the property. Rental income is reported net of amortization of inducements. | |
Tenant receivables and straight-line rent receivables are carried net of the allowances for uncollectible amounts. An allowance is maintained for estimated losses resulting from the inability of certain tenants to meet the contractual obligations under their leases. Such allowance is charged to bad debt expense which is included in general and administrative expense in our accompanying consolidated statements of operations. Our determination of the adequacy of these allowances is based primarily upon evaluations of historical loss experience, the tenant’s financial condition, security deposits, letters of credit, lease guarantees and current economic conditions and other relevant factors. As of December 31, 2014, 2013 and 2012, we had $2.0 million, $2.1 million and $2.2 million, respectively, in allowances for uncollectible accounts. During the years ended December 31, 2014, 2013 and 2012, we recorded bad debt expense of $0.3 million, $0.5 million and $1.1 million, respectively. | |
Variable Interest Entities | |
Our accounting policy is to consolidate entities in which we have a controlling financial interest and significant decision making control over the entities operations. We evaluate whether the entity is a VIE and, if so, whether we are the primary beneficiary. VIEs are entities in which the equity investors do not have sufficient equity at risk to finance their endeavors without additional financial support or that the holders of the equity investment at risk do not have a controlling financial interest. We are deemed to be the primary beneficiary of a VIE when we have the power to direct the activities of the VIE that most significantly impact the VIEs economic performance and the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. | |
During 2014, we made loans totaling $80.5 million to five entities to acquire MOBs in order to facilitate potential Internal Revenue Code Section 1031 tax-deferred exchanges (the “Exchange”). As of December 31, 2014, our consolidated financial statements included the five VIEs as we are deemed to be the primary beneficiary. We operate each of the MOBs and have all the risk and rewards of ownership. The VIEs will be terminated upon the completion or expiration of the Exchanges. | |
The assets of the VIEs primarily consist of real estate assets which have no restrictions on our use. We receive all the assets generated by the operating activities of the VIEs. The impact of consolidating the VIEs had an immaterial impact on our total assets at December 31, 2014. The $80.5 million represents our maximum risk of loss as the VIEs have no debt. | |
Real Estate Acquisitions | |
With the assistance of independent valuation specialists, we record the purchase price of completed business acquisitions associated with tangible and intangible assets and liabilities based on their fair values. The tangible assets (land and building and improvements) are determined based upon the value of the property as if it were to be replaced or as if it were vacant using discounted cash flow models similar to those used by market participants. Factors considered by us include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. Additionally, the purchase price of the applicable completed acquisition property is inclusive of above or below market leases, above or below market leasehold interests, in place leases, tenant relationships, above or below market debt assumed, interest rate swaps assumed and any contingent consideration. | |
The value of above or below market leases is determined based upon the present value (using a discount rate which reflects the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be received pursuant to the lease over its remaining term and (ii) our estimate of the amounts that would be received using fair market rates over the remaining term of the lease including any bargain renewal periods. The amounts associated with above market leases are included in other intangibles, net in our accompanying consolidated balance sheets and amortized to rental income over the remaining non-cancelable lease term of the acquired lease. The amounts allocated to below market leases are included in intangible liabilities, net in our accompanying consolidated balance sheets and amortized to rental income over the remaining non-cancelable lease term plus any below market renewal options of the acquired lease. | |
The value associated with above or below market leasehold interests is determined based upon the present value (using a discount rate which reflects the risks associated with the acquired leases) of the difference between: (i) the contractual amounts to be paid pursuant to the lease over its remaining term; and (ii) our estimate of the amounts that would be paid using fair market rates over the remaining term of the lease including any bargain renewal periods. The amounts recorded for above market leasehold interests are included in intangible liabilities, net in our accompanying consolidated balance sheets and amortized to rental expense over the remaining non-cancelable lease term of the acquired lease. The amounts allocated to below market leasehold interests are included in other intangibles, net in our accompanying consolidated balance sheets and amortized to rental expense over the remaining non-cancelable lease term plus any below market renewal options of the acquired lease. | |
The total amount of other intangible assets includes in place leases and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with that respective tenant. Characteristics considered by us in allocating these values include the nature and extent of the credit quality and expectations of lease renewals, among other factors. The amounts recorded for in place leases are included in lease intangibles in our accompanying consolidated balance sheets and will be amortized to amortization expense over the remaining non-cancelable lease term of the acquired lease. The amounts recorded for tenant relationships are included in lease intangibles in our accompanying consolidated balance sheets and are amortized to amortization expense over the remaining non-cancelable lease term of the acquired lease. | |
The value recorded for above or below market debt is determined based upon the present value of the difference between the cash flow stream of the assumed mortgage and the cash flow stream of a market rate mortgage. The amounts recorded for above or below market debt are included in debt in our accompanying consolidated balance sheets and are amortized to interest expense over the remaining term of the assumed debt. | |
The value recorded for interest rate swaps is based upon a discounted cash flow analysis on the expected cash flows, taking into account interest rate curves and the period to maturity. See derivative financial instruments below for further discussion. | |
We record contingent consideration at fair value as of the acquisition date and reassess the fair value as of the end of each reporting period, with any changes being recognized in earnings. | |
Real Estate Investments | |
The cost of operating properties includes the cost of land and buildings and related improvements. Expenditures that increase the service life of properties are capitalized and the cost of maintenance and repairs is charged to expense as incurred. The cost of buildings is depreciated on a straight-line basis over the estimated useful lives of the buildings up to 39 years and for tenant improvements, the shorter of the lease term or useful life, ranging from one month to 240 months, respectively. Furniture, fixtures and equipment is depreciated over five years. Depreciation expense of buildings and improvements for the years ended December 31, 2014, 2013 and 2012, was $87.9 million, $75.6 million and $72.0 million, respectively. | |
Real Estate Held for Sale | |
We consider properties as held for sale once management commits to a plan to sell the property and has determined that the sale is probable and expected to occur within one year. Upon classification as held for sale, we record the property at the lower of its carrying amount or fair value, less costs to sell, and cease depreciation and amortization. The fair value is generally based on discounted cash flow analyses, which involve management’s best estimate of market participants’ holding period, market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods and capital requirements. | |
Recoverability of Real Estate Investments | |
Operating properties are evaluated for potential impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Impairment losses are recorded when indicators of impairment are present and the carrying amount of the asset is greater than the sum of the future undiscounted cash flows expected to be generated by that asset over the remaining expected hold period. We would recognize an impairment loss when the carrying amount is not recoverable to the extent the carrying amount exceeded the fair value of the property. The fair value is generally based on discounted cash flow analyses, which involve management’s best estimate of market participants’ holding periods, market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods and capital requirements. For the years ended December 31, 2014, 2013 and 2012, there were no impairment losses. | |
Real Estate Notes Receivable | |
We evaluate the carrying values of real estate notes receivable on an individual basis. Management periodically evaluates the realizability of future cash flows from real estate notes receivable when events or circumstances, such as the non-receipt of principal and interest payments and/or significant deterioration of the financial condition of the borrower, indicate that the carrying amount of the real estate notes receivable may not be recoverable. An impairment loss is recognized in current period earnings and is calculated as the difference between the carrying amount of the real estate notes receivable and the discounted cash flows expected to be received, or if foreclosure is probable, the fair value of the collateral securing the real estate notes receivable. For the years ended December 31, 2014, 2013 and 2012, there were no impairment losses. | |
Derivative Financial Instruments | |
We are exposed to the effect of interest rate changes in the normal course of business. We seek to mitigate these risks by following established risk management policies and procedures which include the occasional use of derivatives. Our primary strategy in entering into derivative contracts is to add stability to interest expense and to manage our exposure to interest rate movements. We utilize derivative instruments, including interest rate swaps, to effectively convert a portion of our variable rate debt to fixed rate debt. We do not enter into derivative instruments for speculative purposes. | |
Derivatives are recognized as either assets or liabilities in our accompanying consolidated balance sheets and are measured at fair value. Since our derivative instruments are not designated as hedge instruments, they do not qualify for hedge accounting, and accordingly, changes in fair value are included as a component of interest expense in our accompanying consolidated statements of operations in the period of change. | |
The valuation of these instruments is determined with the assistance of an independent valuation specialist using a proprietary model that utilizes widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative and observable inputs. The proprietary model reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates and implied volatilities. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. | |
We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. | |
Fair Value Measurements | |
Fair value is a market-based measurement and is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Financial assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows: | |
Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. | |
Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). | |
Level 3 — Unobservable inputs, only used to the extent that observable inputs are not available, reflect our assumptions about the pricing of an asset or liability. | |
We use fair value measurements to record fair value of certain assets and to estimate fair value of financial instruments not recorded at fair value but required to be disclosed at fair value. | |
Receivables and Other Assets | |
Deferred financing costs include amounts paid to lenders and others to obtain financing and are amortized to interest expense on a straight-line basis over the term of the related loan which approximates the effective interest method. Deferred leasing costs are amounts incurred in executing a lease, both for external broker and marketing costs, plus a portion of internal leasing related costs. Deferred leasing costs are amortized on a straight-line basis method over the term of the applicable lease. Deferred leasing costs are included in operating activities in our accompanying consolidated statements of cash flows. | |
Share-Based Compensation | |
We calculate the fair value of share-based awards on the date of grant. Restricted common stock is valued based on the closing price of our common stock on the NYSE. The LTIP units granted in 2012 were valued using a Monte Carlo simulation which took into account volatility, dividend yield, expected term, risk-free rate and stock price. We amortize the share-based compensation expense over the period that the awards are expected to vest, net of estimated forfeitures. See Note 11 for further discussion. | |
Noncontrolling Interests | |
HTA’s net income attributable to noncontrolling interests in the accompanying consolidated statements of operations relate to both noncontrolling interest reflected within equity and redeemable noncontrolling interests reflected outside of equity in the accompanying consolidated balance sheets. Limited partnership units, including LTIP awards, are accounted for as partners’ capital in HTALP’s accompanying consolidated balance sheets and as noncontrolling interest reflected within equity in HTA’s accompanying consolidated balance sheets. | |
Redeemable noncontrolling interests relate to the interests in our consolidated entities that are not wholly owned by us. As these redeemable noncontrolling interests provide for redemption features not solely within our control, we classify such interests outside of permanent equity or partners’ capital. Accordingly, we record the carrying amount at the greater of the initial carrying amount (increased or decreased for the noncontrolling interest’s share of net income or loss and distributions) or the redemption value. | |
Listing Expenses | |
Listing expenses primarily included fees associated with the listing and share-based compensation expense associated with the LTIP awards that we granted in connection with the listing. | |
Non-Traded REIT Expenses | |
Non-traded REIT expenses included stockholder services, including the printing and mailing of stockholder statements, the maintenance of an online investor portal and other significant mailings and promotional investor materials traditionally borne by an advisor, which we did not have. As a result of our individual stockholders transferring their shares of HTA stock to brokers as a result of the listing, we no longer incur these costs. Additionally, these expenses included share-based compensation expense attributable to our executives and Board of Directors. These related shares were accelerated pursuant to the listing and were applicable to past services relative to our non-traded REIT status. | |
Income Taxes | |
HTA believes that it has qualified to be taxed as a REIT under the provisions of the Code, beginning with the taxable year ending December 31, 2007 and it intends to continue to qualify to be taxed as a REIT. To continue to qualify as a REIT for federal income tax purposes, HTA must meet certain organizational and operational requirements, including a requirement to pay dividend distributions to its stockholders of at least 90% of its annual taxable income. As a REIT, HTA is generally not subject to federal income tax on net income that it distributes to its stockholders, but it may be subject to certain state or local taxes on its income and property. | |
If HTA fails to qualify as a REIT in any taxable year, it will then be subject to U.S. federal income taxes on our taxable income and will not be permitted to qualify for treatment as a REIT for U.S. federal income tax purposes for four years following the year during which qualification is lost unless the IRS grants it relief under certain statutory provisions. Such an event could have a material adverse effect on its business, financial condition, results of operations and net cash available for dividend distributions to its stockholders. | |
As discussed in Note 1, HTA conducts substantially all of its operations through HTALP. As a partnership, HTALP generally is not liable for federal income taxes. The income and loss from the operations of HTALP is included in the tax returns of its partners, including HTA, who are responsible for reporting their allocable share of the partnership income and loss. Accordingly, no provision for income taxes has been made on the accompanying consolidated financial statements. | |
We do not have any liability for uncertain tax positions that we believe should be recognized in our accompanying consolidated financial statements. The tax basis exceeded the carrying amount of the net assets reported in our accompanying consolidated balance sheet by approximately $294.8 million as of December 31, 2014. | |
Concentration of Credit Risk | |
We maintain the majority of our cash and cash equivalents at major financial institutions in the U.S. and deposits with these financial institutions may exceed the amount of insurance provided on such deposits; however, we regularly monitor the financial stability of these financial institutions and believe we are not currently exposed to any significant default risk with respect to these deposits. As of December 31, 2014, we had cash balances of $16.6 million in excess of Federal Deposit Insurance Corporation insured limits. | |
Segment Disclosure | |
We have determined that we have one reportable segment, with activities related to investing in healthcare-related real estate assets. Our investments in healthcare-related real estate assets are geographically diversified and our chief operating decision maker evaluates operating performance on an individual asset level. As each of our assets has similar economic characteristics, long-term financial performance, tenants, and products and services, our assets have been aggregated into one reportable segment. | |
Recently Issued or Adopted Accounting Pronouncements | |
In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360) which changes the requirements for reporting discontinued operations. ASU 2014-08 changes the threshold for disclosing discontinued operations and the related disclosure requirements. Pursuant to ASU 2014-08, only disposals representing a strategic shift, such as a major line of business, a major geographical area or majority equity investment, should be presented as a discontinued operation. If the disposal does qualify as a discontinued operation under ASU 2014-08, the entity will be required to provide expanded disclosures. The guidance will be applied prospectively to new disposals and new classifications of disposal groups held for sale after the effective date. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014 with early adoption permitted but only for disposals or classifications as held for sale which have not been reported in financial statements previously issued or available for issuance. We adopted ASU 2014-08 as of January 1, 2014 and generally believe future sales of our individual operating properties will no longer qualify as discontinued operations. None of our 2014 dispositions were classified as discontinued operations. | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration (i.e., payment) to which the company expects to be entitled in exchange for those goods or services. In adopting ASU 2014-09, companies may use either a full retrospective or a modified retrospective approach. ASU 2014-09 is effective for the first interim period within annual reporting periods beginning after December 15, 2016, and early adoption is not permitted. We are still evaluating the impact of adopting ASU 2014-09 on our financial statements. | |
In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation (Topic 718). ASU 2014-12 requires that a performance target requisite service period be treated as a performance condition and, as a result, this type of performance condition may delay expense recognition until achievement of the performance target is probable. ASU 2014-12 is effective for reporting periods beginning after December 15, 2015, and early adoption is permitted. We will adopt ASU 2014-12 effective January 1, 2016 and it is not anticipated to have a material impact on our financial statements. |
Business_Combinations
Business Combinations | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Business Combinations [Abstract] | ||||||||||||
Business Combinations | Business Combinations | |||||||||||
For the year ended December 31, 2014, we had acquisitions with an aggregate purchase price of $439.5 million. We incurred $6.3 million of costs attributable to these acquisitions, which were recorded in acquisition-related expenses in the accompanying consolidated statements of operations. As part of the acquisitions, we assumed mortgage loans with an aggregate fair value of $107.7 million and issued 692,234 operating partnership units, after giving effect to the Reverse Stock Split, with a market value of $17.0 million. | ||||||||||||
Since the acquisitions were determined to be individually not significant, but significant on a collective basis, the allocations for the 2014 acquisitions are set forth below in the aggregate (in thousands): | ||||||||||||
2014 Acquisitions | Total | |||||||||||
Land | $ | 85,442 | ||||||||||
Building and improvements | 325,290 | |||||||||||
Below market leasehold interests, net | 1,625 | |||||||||||
Above market leases | 2,325 | |||||||||||
In place leases | 31,437 | |||||||||||
Below market leases | (2,218 | ) | ||||||||||
Above market debt, net | (3,766 | ) | ||||||||||
Net assets acquired | 440,135 | |||||||||||
Other, net | (605 | ) | ||||||||||
Aggregate purchase price | $ | 439,530 | ||||||||||
The weighted average lives of the above acquired intangible assets and liabilities were 10.8 years and 8.3 years, respectively. | ||||||||||||
The following is a brief description of each of the acquisitions. | ||||||||||||
• | In June 2014, we acquired a portfolio of MOBs located in Boston, Massachusetts; Miami, Florida; and Baltimore, Maryland, for an aggregate purchase price of $200.0 million. | |||||||||||
• | In June 2014, we acquired a MOB located in Raleigh, North Carolina for $11.5 million. | |||||||||||
• | In August 2014, we acquired a portfolio of MOBs located in White Plains, New York for $64.0 million. | |||||||||||
• | In August 2014, we acquired a MOB located in Charleston, South Carolina for $24.8 million. | |||||||||||
• | In September 2014, we acquired a MOB located in Tampa, Florida for $17.3 million. | |||||||||||
• | In November 2014, we acquired a MOB located in Honolulu, Hawaii for $17.3 million. | |||||||||||
• | In December 2014, we acquired a MOB located in Charleston, South Carolina for $9.4 million. | |||||||||||
• | In December 2014, we acquired a portfolio of MOBs located in Denver, Colorado for $36.6 million. | |||||||||||
• | In December 2014, we acquired a MOB located in White Plains, New York for $28.8 million. | |||||||||||
• | In December 2014, we acquired a MOB located in Honolulu, Hawaii for $30.0 million. | |||||||||||
The acquisitions completed during the year ended December 31, 2013 were determined to be individually not significant, but significant on a collective basis. The allocations for these acquisitions are set forth below in the aggregate (in thousands): | ||||||||||||
2013 Acquisitions | Total | |||||||||||
Land | $ | 16,192 | ||||||||||
Building and improvements | 292,037 | |||||||||||
Below market leasehold interests | 10,317 | |||||||||||
Above market leases | 2,999 | |||||||||||
In place leases | 52,845 | |||||||||||
Tenant relationships | 25,119 | |||||||||||
Below market leases | (2,104 | ) | ||||||||||
Above market debt | (694 | ) | ||||||||||
Interest rate swap | (2,600 | ) | ||||||||||
Net assets acquired | 394,111 | |||||||||||
Other, net | 3,715 | |||||||||||
Aggregate purchase price | $ | 397,826 | ||||||||||
The weighted average lives of the above acquired intangible assets and liabilities were 16.0 years and 5.6 years, respectively. | ||||||||||||
We recognized the following revenues and net income for the years ended December 31, 2014, 2013 and 2012 related to the acquisitions in 2014, 2013 and 2012 (in thousands): | ||||||||||||
2014 Acquisitions | 2013 Acquisitions | 2012 Acquisitions | ||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
31-Dec-14 | 31-Dec-13 | 31-Dec-12 | ||||||||||
Revenues | $ | 15,528 | $ | 15,361 | $ | 26,717 | ||||||
Net income | 3,161 | 206 | 7,537 | |||||||||
Supplementary Pro Forma Information of HTA | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTA for the years ended December 31, 2014 and 2013, assumes that all 2014 acquisitions occurred on January 1, 2013 and excludes $6.3 million of acquisition-related expenses (in thousands, except per share data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Revenues | $ | 399,500 | $ | 365,064 | ||||||||
Net income attributable to common stockholders | 56,290 | 31,915 | ||||||||||
Net income per share attributable to common stockholders - basic (1) | $ | 0.45 | $ | 0.27 | ||||||||
Net income per share attributable to common stockholders - diluted (1) | 0.44 | 0.26 | ||||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTA for the years ended December 31, 2013 and 2012, assumes that all 2013 acquisitions occurred on January 1, 2012 and excludes $4.8 million of acquisition-related expenses (in thousands, except per share data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | |||||||||||
Revenues | $ | 351,515 | $ | 344,919 | ||||||||
Net income (loss) attributable to common stockholders | 28,017 | (25,294 | ) | |||||||||
Net income (loss) per share attributable to common stockholders - basic (1) | $ | 0.24 | $ | (0.21 | ) | |||||||
Net income (loss) per share attributable to common stockholders - diluted (1) | 0.23 | (0.21 | ) | |||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTA for the year ended December 31, 2012 assumes that all 2012 acquisitions occurred on January 1, 2012 and excludes $3.0 million of acquisition-related expenses (in thousands, except per share data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2012 | ||||||||||||
Revenues | $ | 308,684 | ||||||||||
Net loss attributable to common stockholders | (21,928 | ) | ||||||||||
Net loss per share attributable to common stockholders - basic (1) | $ | (0.20 | ) | |||||||||
Net loss per share attributable to common stockholders - diluted (1) | (0.20 | ) | ||||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The pro forma results are not necessarily indicative of the operating results that would have been obtained had the acquisitions occurred at the beginning of the periods presented, nor are they necessarily indicative of future operating results. | ||||||||||||
Supplementary Pro Forma Information of HTALP | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTALP for the years ended December 31, 2014 and 2013, assumes that all 2014 acquisitions occurred on January 1, 2013 and excludes $6.3 million of acquisition-related expenses (in thousands, except per unit data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Revenues | $ | 399,500 | $ | 365,064 | ||||||||
Net income attributable to common unitholders | 56,780 | 32,287 | ||||||||||
Net income per unit attributable to common unitholders - basic (1) | $ | 0.45 | $ | 0.26 | ||||||||
Net income per unit attributable to common unitholders - diluted (1) | 0.45 | 0.26 | ||||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTALP for the years ended December 31, 2013 and 2012, assumes that all 2013 acquisitions occurred on January 1, 2012 and excludes $4.8 million of acquisition-related expenses (in thousands, except per unit data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | |||||||||||
Revenues | $ | 351,515 | $ | 344,919 | ||||||||
Net income (loss) attributable to common unitholders | 28,389 | (25,278 | ) | |||||||||
Net income (loss) per unit attributable to common unitholders - basic (1) | $ | 0.24 | $ | (0.21 | ) | |||||||
Net income (loss) per unit attributable to common unitholders - diluted (1) | 0.24 | (0.21 | ) | |||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTALP for the year ended December 31, 2012 assumes that all 2012 acquisitions occurred on January 1, 2012 and excludes $3.0 million of acquisition-related expenses (in thousands, except per unit data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2012 | ||||||||||||
Revenues | $ | 308,684 | ||||||||||
Net loss attributable to common unitholders | (21,912 | ) | ||||||||||
Net loss per unit attributable to common unitholders - basic (1) | $ | (0.20 | ) | |||||||||
Net loss per unit attributable to common unitholders - diluted (1) | (0.20 | ) | ||||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The pro forma results are not necessarily indicative of the operating results that would have been obtained had the acquisitions occurred at the beginning of the periods presented, nor are they necessarily indicative of future operating results. |
Dispositions_and_Assets_Held_f
Dispositions and Assets Held for Sale | 12 Months Ended |
Dec. 31, 2014 | |
Property, Plant and Equipment [Abstract] | |
Dispositions and Assets Held for Sale | Dispositions and Assets Held for Sale |
During the year ended December 31, 2014, we completed three dispositions of portfolios of MOBs for an aggregate gross sales price of $82.9 million resulting in a gain of $27.9 million. | |
During year ended December 31, 2013, we had one property within our portfolio that met the criteria for classification as held for sale. Accordingly, we presented the assets and liabilities separately and included the results of operations within discontinued operations for all periods presented. Additionally, we ceased recording depreciation and amortization following the held for sale designation. During the quarter ended March 31, 2014, we determined that it was appropriate to reclassify the property out of held for sale in our consolidated balance sheets and to include the results of operations in our accompanying consolidated statements of operations for all periods presented, as the property no longer met the criteria for classification as held for sale. We measured the property to be reclassified at the lower of its carrying value before it was classified as held for sale (adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used) or its fair value at the date of the subsequent decision not to sell. As such, during the quarter ended March 31, 2014, we recorded $0.8 million of depreciation and amortization expense which represents the depreciation and amortization on the property that was not recorded when it was classified as held for sale. |
Real_Estate_Notes_Receivable
Real Estate Notes Receivable | 12 Months Ended |
Dec. 31, 2014 | |
Receivables [Abstract] | |
Real Estate Notes Receivable | Real Estate Notes Receivable |
During the year ended December 31, 2014, $28.5 million of real estate notes receivable were repaid by the borrowers. In addition, in December 2014, we acquired a $11.9 million note receivable that we converted into equity consideration of an acquisition that closed in December 2014. During the year ended December 31, 2013, we originated $8.5 million of real estate notes receivable. |
Intangibles_Assets_and_Liabili
Intangibles Assets and Liabilities | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Identified Intangibles, Net [Abstract] | ||||||||||||||
Intangibles Assets and Liabilities | Intangible Assets and Liabilities | |||||||||||||
Intangible assets and liabilities consisted of the following as of December 31, 2014 and 2013 (in thousands, except weighted average remaining amortization period): | ||||||||||||||
December 31, 2014 | December 31, 2013 | |||||||||||||
Balance | Weighted Average Remaining Amortization Period in Years | Balance | Weighted Average Remaining Amortization Period in Years | Balance Sheet Classification | ||||||||||
Assets: | ||||||||||||||
In place leases | $ | 231,370 | 8.8 | $ | 213,338 | 8.8 | Lease intangibles | |||||||
Tenant relationships | 187,918 | 10.3 | 198,519 | 10.5 | Lease intangibles | |||||||||
Above market leases | 26,676 | 5.5 | 26,799 | 6.3 | Other intangibles, net | |||||||||
Below market leasehold interests | 32,950 | 67.3 | 37,640 | 68.9 | Other intangibles, net | |||||||||
478,914 | 476,296 | |||||||||||||
Accumulated amortization | (182,149 | ) | (151,860 | ) | ||||||||||
Total | $ | 296,765 | 15.2 | $ | 324,436 | 15.9 | ||||||||
Liabilities: | ||||||||||||||
Below market leases | $ | 14,188 | 11.5 | $ | 13,989 | 12.4 | Intangible liabilities, net | |||||||
Above market leasehold interests | 3,857 | 32.1 | 3,827 | 33.1 | Intangible liabilities, net | |||||||||
18,045 | 17,816 | |||||||||||||
Accumulated amortization | (5,620 | ) | (6,019 | ) | ||||||||||
Total | $ | 12,425 | 17.1 | $ | 11,797 | 18.4 | ||||||||
The following is a summary of the net intangible amortization for the years ended December 31, 2014, 2013 and 2012 (in thousands): | ||||||||||||||
Year Ended December 31, | ||||||||||||||
2014 | 2013 | 2012 | ||||||||||||
Amortization recorded against rental income related to above or below market leases | $ | 2,096 | $ | 1,772 | $ | 1,682 | ||||||||
Rental expense related to above or below market leasehold interests | 457 | 346 | 521 | |||||||||||
Amortization expense related to in place leases and tenant relationships | 48,465 | 42,878 | 41,991 | |||||||||||
As of December 31, 2014, the amortization of intangible assets and liabilities is as follows (in thousands): | ||||||||||||||
Year | Assets | Liabilities | ||||||||||||
2015 | $ | 48,513 | $ | 1,590 | ||||||||||
2016 | 42,117 | 1,359 | ||||||||||||
2017 | 35,799 | 1,071 | ||||||||||||
2018 | 29,575 | 1,002 | ||||||||||||
2019 | 25,325 | 902 | ||||||||||||
Thereafter | 115,436 | 6,501 | ||||||||||||
Total | $ | 296,765 | $ | 12,425 | ||||||||||
Receivables_and_Other_Assets
Receivables and Other Assets | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Receivables and Other Assets [Abstract] | ||||||||||||
Receivables and Other Assets | Receivables and Other Assets | |||||||||||
Receivables and other assets consisted of the following as of December 31, 2014 and 2013 (in thousands): | ||||||||||||
December 31, 2014 | December 31, 2013 | |||||||||||
Accounts receivables, net | $ | 16,468 | $ | 16,254 | ||||||||
Other receivables | 10,639 | 9,767 | ||||||||||
Deferred financing costs, net | 16,929 | 10,921 | ||||||||||
Deferred leasing costs, net | 17,281 | 13,500 | ||||||||||
Straight-line rent receivables, net | 56,433 | 47,317 | ||||||||||
Prepaid expenses, deposits, equipment and other, net | 24,642 | 7,453 | ||||||||||
Derivative financial instruments - interest rate swaps | 1,714 | 5,073 | ||||||||||
Total | $ | 144,106 | $ | 110,285 | ||||||||
The following is a summary of amortization of deferred leasing costs and deferred financing costs for the years ended December 31, 2014, 2013 and 2012 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Amortization expense related to deferred leasing costs | $ | 3,319 | $ | 2,654 | $ | 1,868 | ||||||
Interest expense related to deferred financing costs | 3,891 | 3,891 | 3,915 | |||||||||
As of December 31, 2014, the amortization of deferred leasing costs and deferred financing costs is as follows (in thousands): | ||||||||||||
Year | Amount | |||||||||||
2015 | $ | 6,716 | ||||||||||
2016 | 6,253 | |||||||||||
2017 | 5,635 | |||||||||||
2018 | 4,723 | |||||||||||
2019 | 4,212 | |||||||||||
Thereafter | 6,671 | |||||||||||
Total | $ | 34,210 | ||||||||||
Debt
Debt | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Debt Disclosure [Abstract] | |||||||||
Debt | Debt | ||||||||
Debt consisted of the following as of December 31, 2014 and 2013 (in thousands): | |||||||||
December 31, 2014 | December 31, 2013 | ||||||||
Unsecured revolving credit facility | $ | 36,000 | $ | 55,000 | |||||
Unsecured term loans | 355,000 | 455,000 | |||||||
Unsecured senior notes | 600,000 | 300,000 | |||||||
Fixed rate mortgages | 392,399 | 373,751 | |||||||
Variable rate mortgages | 29,474 | 29,925 | |||||||
1,412,873 | 1,213,676 | ||||||||
Net premium (discount) | (412 | ) | 565 | ||||||
Total | $ | 1,412,461 | $ | 1,214,241 | |||||
Unsecured Credit Agreement | |||||||||
Unsecured Revolving Credit Facility | |||||||||
On November 19, 2014, HTA and HTALP executed an amendment to the Unsecured Credit Agreement which increased the amount available under the unsecured revolving credit facility from $650.0 million to $800.0 million. The amendment also extended the maturity to January 31, 2020 and decreased the LIBOR margin. The actual amount of credit available to us is a function of certain loan-to-value and debt service coverage ratios set forth in the credit facility. The maximum principal amount of the credit facility may be increased, subject to additional financing being provided by our existing lenders or new lenders being added to the unsecured revolving credit facility. | |||||||||
Borrowings under the unsecured revolving credit facility accrue interest equal to adjusted LIBOR, plus a margin ranging from 0.875% to 1.55% per annum based on our credit rating. We also pay a facility fee ranging from 0.125% to 0.30% per annum on the aggregate commitments under the unsecured revolving credit facility. As of December 31, 2014, the margin associated with our borrowings was 1.05% per annum and the facility fee was 0.20% per annum. | |||||||||
On February 11, 2015, HTA and HTALP executed an amendment to the Unsecured Credit Agreement which added an additional lender and increased the amount available under the unsecured revolving credit facility to $850.0 million. The other existing terms of the Unsecured Credit Agreement were unchanged. | |||||||||
Unsecured Term Loan | |||||||||
On January 7, 2014 and November 19, 2014, HTA and HTALP executed amendments to the Unsecured Credit Agreement that decreased the interest rate on the unsecured term loan and extended the maturity date. In November 2014, $100.0 million of the unsecured term loan was repaid, decreasing the amount outstanding to $200.0 million. We may re-borrow the $100.0 million repaid through May 2015. Borrowings accrue interest equal to adjusted LIBOR, plus a margin ranging from 0.90% to 1.80% per annum based on our credit rating. The margin associated with our borrowings as of December 31, 2014 was 1.15% per annum. Including the impact of the interest rate swaps associated with our unsecured term loan the interest rate was 1.66% per annum, based on our current credit rating. The unsecured term loan matures on January 31, 2019 and includes a one-year extension, at the option of the borrower, subject to certain conditions. | |||||||||
$155.0 million Unsecured Term Loan | |||||||||
On July 20, 2012, HTALP entered into a $155.0 million unsecured term loan that is guaranteed by HTA. The loan matures on July 19, 2019 and the interest rate thereon is equal to LIBOR, plus a margin ranging from 1.55% to 2.40% per annum based on our credit rating. The margin associated with our borrowings as of December 31, 2014 was 1.70% per annum. We have interest rate swaps in place that fix the interest rate at 2.99% per annum, based on our current credit rating. The maximum principal amount under this unsecured term loan may be increased by us, subject to such additional financing being provided by our existing lender. | |||||||||
$300.0 million Unsecured Senior Notes due 2021 | |||||||||
On June 26, 2014, HTALP issued $300.0 million of unsecured senior notes guaranteed by HTA that mature on July 15, 2021. The unsecured senior notes are registered under the Securities Act, bear interest at 3.375% per annum and are payable semi-annually. The unsecured senior notes were offered at 99.205% of the principal amount thereof, with an effective yield to maturity of 3.50% per annum. | |||||||||
$300.0 Million Unsecured Senior Notes due 2023 | |||||||||
On March 28, 2013, HTALP issued $300.0 million of unsecured senior notes guaranteed by HTA that mature on April 15, 2023. The unsecured senior notes are registered under the Securities Act, bear interest at 3.70% per annum and are payable semi-annually. The unsecured senior notes were offered at 99.186% of the principal amount thereof, with an effective yield to maturity of 3.80% per annum. | |||||||||
Fixed and Variable Rate Mortgages | |||||||||
As of December 31, 2014, HTALP and its subsidiaries had fixed and variable rate mortgages with interest rates ranging from 1.62% to 12.75% per annum and a weighted average interest rate of 5.35% per annum. Including the impact of the interest rate swap associated with our variable rate mortgage, the weighted average interest rate was 5.58% per annum. During 2014, we assumed certain fixed rate mortgage loans, see Note 3. | |||||||||
Future Debt Maturities | |||||||||
The following table summarizes the debt maturities and scheduled principal repayments as of December 31, 2014 (in thousands): | |||||||||
Year | Amount | ||||||||
2015 | $ | 73,857 | |||||||
2016 | 70,050 | ||||||||
2017 | 117,046 | ||||||||
2018 | 14,879 | ||||||||
2019 | 364,818 | ||||||||
Thereafter | 772,223 | ||||||||
Total | $ | 1,412,873 | |||||||
The above scheduled debt maturities do not include the extensions available to us under the Unsecured Credit Agreement as discussed above. | |||||||||
We are required by the terms of our applicable debt agreements to meet various affirmative and negative covenants that we believe are customary for these types of facilities, such as limitations on the incurrence of debt by us, and our subsidiaries that own unencumbered assets, limitations on the nature of HTALP’s business, and limitations on distributions by HTALP and its subsidiaries that own unencumbered assets. Our debt agreements also impose various financial covenants on us, such as a maximum ratio of total indebtedness to total asset value, a minimum ratio of EBITDA to fixed charges, a minimum tangible net worth covenant, a maximum ratio of unsecured indebtedness to unencumbered asset value, rent coverage ratios and a minimum ratio of unencumbered NOI to unsecured interest expense. As of December 31, 2014, we believe that we were in compliance with all such financial covenants and reporting requirements. In addition, certain of our debt agreements include events of default provisions that we believe are customary for these types of facilities, including restricting HTA from making dividend distributions to its stockholders in the event HTA is in default thereunder, except to the extent necessary for HTA to maintain its REIT status. |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||||
Derivative Financial Instruments | Derivative Financial Instruments | |||||||||||||||||||||||
The following table lists the derivative financial instrument assets and (liabilities) held by us as of December 31, 2014 (in thousands): | ||||||||||||||||||||||||
Notional Amount | Index | Rate | Fair Value | Instrument | Maturity | |||||||||||||||||||
$ | 100,000 | LIBOR | 0.86 | % | $ | (443 | ) | Swap | 6/15/16 | |||||||||||||||
50,000 | LIBOR | 1.39 | 317 | Swap | 7/17/19 | |||||||||||||||||||
105,000 | LIBOR | 1.24 | 1,397 | Swap | 7/17/19 | |||||||||||||||||||
26,874 | LIBOR | 4.98 | (2,445 | ) | Swap | 5/1/20 | ||||||||||||||||||
The following table lists the derivative financial instrument assets and (liabilities) held by us as of December 31, 2013 (in thousands): | ||||||||||||||||||||||||
Notional Amount | Index | Rate | Fair Value | Instrument | Maturity | |||||||||||||||||||
$ | 200,000 | (a) | LIBOR | 1.23 | % | $ | (2,078 | ) | Swap | 3/29/17 | ||||||||||||||
100,000 | LIBOR | 0.86 | (729 | ) | Swap | 6/15/16 | ||||||||||||||||||
50,000 | LIBOR | 1.39 | 1,350 | Swap | 7/17/19 | |||||||||||||||||||
105,000 | LIBOR | 1.24 | 3,723 | Swap | 7/17/19 | |||||||||||||||||||
27,618 | LIBOR | 4.98 | (2,246 | ) | Swap | 5/1/20 | ||||||||||||||||||
(a) We terminated the interest rate swap in December 2014. | ||||||||||||||||||||||||
As of December 31, 2014 and 2013, the gross fair value of our derivative financial instruments was as follows (in thousands): | ||||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | Balance Sheet | 31-Dec-14 | 31-Dec-13 | Balance Sheet | 31-Dec-14 | 31-Dec-13 | ||||||||||||||||||
Location | Location | |||||||||||||||||||||||
Interest rate swaps | Receivables and other assets | $ | 1,714 | $ | 5,073 | Derivative financial instruments | $ | 2,888 | $ | 5,053 | ||||||||||||||
There were no derivatives offset in our accompanying consolidated balance sheets as of December 31, 2014 and 2013. As of December 31, 2014 and 2013, we had derivatives subject to enforceable master netting arrangements which allowed for net cash settlement with the respective counterparties (in thousands): | ||||||||||||||||||||||||
31-Dec-14 | 31-Dec-13 | |||||||||||||||||||||||
Gross Amounts | Amounts Subject to Enforceable Master Netting Arrangements | Net Amounts | Gross Amounts | Amounts Subject to Enforceable Master Netting Arrangements | Net Amounts | |||||||||||||||||||
Asset derivatives | $ | 1,714 | $ | — | $ | 1,714 | $ | 5,073 | $ | (2,078 | ) | $ | 2,995 | |||||||||||
Liability derivatives | 2,888 | — | 2,888 | 5,053 | (2,078 | ) | 2,975 | |||||||||||||||||
We have agreements with each of our interest rate swap derivative counterparties that contain a provision whereby if we default on certain of our unsecured indebtedness, then our counterparties could declare us in default on our interest rate swap derivative obligations resulting in an acceleration of the indebtedness. In addition, we are exposed to credit risk in the event of non-performance by our derivative counterparties. We believe we mitigate the credit risk by entering into agreements with credit-worthy counterparties. We record counterparty credit risk valuation adjustments on interest rate swap derivative assets in order to properly reflect the credit quality of the counterparty. In addition, our fair value of interest rate swap derivative liabilities is adjusted to reflect the impact of our credit quality. As of December 31, 2014, there have been no termination events or events of default related to our interest rate swaps, except for the voluntary termination as discussed above. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Commitments and Contingencies | Commitments and Contingencies | ||||
Litigation | |||||
We are not presently subject to any material litigation nor, to our knowledge, is any material litigation threatened against us, which if determined unfavorably to us, would have a material effect on our consolidated financial position, results of operations or cash flows. | |||||
Environmental Matters | |||||
We follow the policy of monitoring our properties for the presence of hazardous or toxic substances. While there can be no assurance that a material environmental liability does not exist at our properties, we are not currently aware of any environmental liability with respect to our properties that would have a material effect on our consolidated financial position, results of operations or cash flows. Further, we are not aware of any material environmental liability or any unasserted claim or assessment with respect to an environmental liability at our properties that we believe would require additional disclosure or the recording of a loss contingency. | |||||
Rental Expense | |||||
We have ground leases and other operating leases with landlords that generally require fixed annual rental payments and may also include escalation clauses and renewal options. These leases have terms up to 99 years, excluding extension options. Future minimum lease obligations under non-cancelable ground leases and other operating leases as of December 31, 2014 is as follows (in thousands): | |||||
Year | Amount | ||||
2015 | $ | 4,826 | |||
2016 | 4,816 | ||||
2017 | 4,914 | ||||
2018 | 4,919 | ||||
2019 | 4,969 | ||||
Thereafter | 303,097 | ||||
Total | $ | 327,541 | |||
During the years ended December 31, 2014, 2013 and 2012, rental expense was $4.8 million, $4.3 million and $4.2 million, respectively. The amount of contingent rent and sublease rent was not significant. | |||||
Other | |||||
Our other commitments and contingencies include the usual obligations of real estate owners and operators in the normal course of business. In our opinion, these matters are not expected to have a material effect on our consolidated financial position, results of operations or cash flows. |
Stockholders_Equity_and_Partne
Stockholders' Equity and Partners' Capital | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Equity [Abstract] | |||||||
Stockholders' Equity and Partners' Capital | Stockholders’ Equity and Partners’ Capital | ||||||
HTALP’s partnership agreement provides that it will distribute cash flows from operations and net sale proceeds to its partners in accordance with their overall ownership interests at such times and in such amounts as the general partner determines. Except for certain LTIP units that have not vested, dividend distributions are made such that a holder of one partnership unit will receive distributions from HTALP in an amount equal to the dividend distributions paid to the holder of one share of HTA’s common stock. In addition, for each share of common stock issued or redeemed by HTA, HTALP issues or redeems a corresponding number of partnership units. | |||||||
Common Stock Offerings | |||||||
During the fourth quarter of 2014, HTA completed a public offering of 4,600,000 shares of common stock, after giving effect to the Reverse Stock Split, at a price of $24.10 including underwriting discounts. | |||||||
On February 28, 2014, HTA amended the ATM offering program of its common stock with an aggregate sales price of up to $300.0 million primarily to add sales agents to the program. During the year ended December 31, 2014, HTA issued and sold 1,770,858 shares of common stock, at an average price of $24.50 per share, after giving effect to the Reverse Stock Split, and, as of December 31, 2014, $256.6 million remained available for issuance under the ATM. | |||||||
Common Stock Dividends | |||||||
See our accompanying consolidated statements of equity for the dividends declared during 2014, 2013 and 2012. On February 17, 2015, HTA declared a quarterly cash dividend of $0.29 per share to be paid on April 2, 2015 to stockholders of record of its common stock on March 27, 2015. | |||||||
Incentive Plan | |||||||
The Plan permits the grant of incentive awards to our employees, officers, non-employee directors and consultants as selected by our Board of Directors or the Compensation Committee. The Plan authorizes the granting of awards in any of the following forms: options; stock appreciation rights; restricted stock; restricted or deferred stock units; performance awards; dividend equivalents; other stock-based awards, including units in HTALP; and cash-based awards. Subject to adjustment as provided in the Plan, the aggregate number of awards reserved and available for issuance under the Plan is 5,000,000, after giving effect to the Reverse Stock Split. As of December 31, 2014, there were 2,290,860 awards available for grant under the Plan, after giving effect to the Reverse Stock Split. | |||||||
LTIP Units | |||||||
Awards under the LTIP consist of Series C units in HTALP, and are subject to the achievement of certain performance and market conditions in order to vest. The contractual term of the awards is four years. Once vested, the Series C units are converted into common units of HTALP, which may be converted into shares of HTA’s common stock. LTIP units were only granted in 2012 and as of December 31, 2012 all units were unvested. The fair value of the LTIP units for which the restrictions lapsed during 2014 and 2013 were $0.3 million and $13.2 million, respectively. With the assistance of our independent valuation specialists, we utilized a Monte Carlo simulation to calculate the 2012 weighted average granted date fair value of $12.50 per unit using the following assumptions, after giving effect to the Reverse Stock Split: | |||||||
Volatility | 21.25% - 22.64% | ||||||
Dividend yield | 5.8 | % | |||||
Expected term in years | 0.61 - 0.82 | ||||||
Risk-free rate | 0.436% - 0.576% | ||||||
Stock price (per share) | $19.84 - $19.94 | ||||||
For the years ended December 31, 2014, 2013 and 2012, we recognized compensation expense related to LTIP awards of $0.0 million, $3.2 million and $10.4 million, respectively, which was recorded in listing expenses. The LTIP awards were fully expensed in 2013, except for $4.5 million of expense associated with 225,000 units, after giving effect to the Reverse Stock Split, that will only vest in the event of a change in control. We will not recognize any expense associated with these units until such time as a change in control event occurs or is probable. | |||||||
The following is a summary of the activity in our LTIP units during 2014, after giving effect to the Reverse Stock Split: | |||||||
LTIP Units | Weighted | ||||||
Average Grant | |||||||
Date Fair Value | |||||||
Balance as of December 31, 2013 | 258,250 | $ | 18.86 | ||||
Granted | — | — | |||||
Vested | (30,240 | ) | 11.07 | ||||
Forfeited | (3,010 | ) | 11.24 | ||||
Balance as of December 31, 2014 | 225,000 | $ | 20 | ||||
Restricted Common Stock | |||||||
The weighted average fair value of restricted common stock and units granted during the years ended December 31, 2014, 2013 and 2012 was $21.08, $20.98 and $19.96, respectively, after giving effect to the Reverse Stock Split. The fair value of restricted common stock and restricted common stock units for which the restriction lapsed during the years ended December 31, 2014, 2013 and 2012 were $0.9 million, $1.4 million and $8.7 million, respectively. | |||||||
We recognized compensation expense, equal to the fair market value of HTA’s stock on the grant date, over the service period which is generally three to four years. For the year ended December 31, 2014, we recognized compensation expense of $4.4 million which was recorded in general and administrative expenses. For the year ended December 31, 2013, we recognized compensation expense of $2.5 million, of which $1.9 million was recorded in general and administrative expenses and $0.6 million was recorded in listing expenses. For the year ended December 31, 2012, we recognized compensation expense of $7.0 million, of which $0.8 million was recorded in general and administrative expenses, $4.7 million in listing expenses and $1.5 million in non-traded REIT expenses. | |||||||
As of December 31, 2014, there was $4.6 million of unrecognized compensation expense net of estimated forfeitures, which will be recognized over a remaining weighted average period of 2.0 years. | |||||||
The following is a summary of the activity in our restricted common stock during 2014, after giving effect to the Reverse Stock Split: | |||||||
Restricted Common Stock | Weighted | ||||||
Average Grant | |||||||
Date Fair Value | |||||||
Balance as of December 31, 2013 | 320,500 | $ | 20.68 | ||||
Granted | 292,100 | 21.08 | |||||
Vested | (120,500 | ) | 20.93 | ||||
Forfeited | (29,050 | ) | 20.28 | ||||
Balance as of December 31, 2014 | 463,050 | $ | 20.9 | ||||
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||||
Fair Value of Financial Instruments | Fair Value of Financial Instruments | |||||||||||||||||
Financial Instruments Reported at Fair Value | ||||||||||||||||||
The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2014, aggregated by the applicable Level in the fair value hierarchy (in thousands): | ||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Total | |||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | ||||||||||||||||
and Liabilities | ||||||||||||||||||
(Level 1 ) | ||||||||||||||||||
Assets: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 1,714 | $ | — | $ | 1,714 | ||||||||||
Liabilities: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 2,888 | $ | — | $ | 2,888 | ||||||||||
The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2013, aggregated by the applicable Level in the fair value hierarchy (in thousands): | ||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Total | |||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | ||||||||||||||||
and Liabilities | ||||||||||||||||||
(Level 1 ) | ||||||||||||||||||
Assets: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 5,073 | $ | — | $ | 5,073 | ||||||||||
Liabilities: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 5,053 | $ | — | $ | 5,053 | ||||||||||
There have been no transfers of assets or liabilities between Levels. We will record any such transfers at the end of the reporting period in which a change of event occurs that results in a transfer. Although we have determined that the majority of the inputs used to value our interest rate swap derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with these instruments utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. However, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our interest rate swap derivative positions and have determined that the credit valuation adjustments are not significant to their overall valuation. As a result, we have determined that our interest rate swap derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. | ||||||||||||||||||
Financial Instruments Disclosed at Fair Value | ||||||||||||||||||
We consider the carrying values of cash and cash equivalents, accounts and other receivables, restricted cash and escrow deposits and accounts payable and accrued liabilities to approximate fair value for these financial instruments because of the short period of time between origination of the instruments and their expected realization. All of these financial instruments are considered Level 2. The fair value of the real estate notes receivable are estimated by discounting the expected cash flow on the notes at current rates for loans with similar maturities. The fair value of debt is estimated using borrowing rates available to us with similar terms and maturities. The following table sets forth the carrying value and fair value of our real estate notes receivable and debt (in thousands): | ||||||||||||||||||
December 31, 2014 | December 31, 2013 | |||||||||||||||||
Fair Value Level | Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||
Real estate notes receivable | 2 | $ | — | $ | — | $ | 28,520 | $ | 28,520 | |||||||||
Debt | 2 | 1,412,461 | 1,447,432 | 1,214,241 | 1,237,699 | |||||||||||||
Per_Share_Data_of_HTA
Per Share Data of HTA | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Earnings Per Share [Abstract] | ||||||||||||
Per Share Data of HTA | Per Share Data of HTA | |||||||||||
HTA includes unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents as “participating securities” pursuant to the two-class method. The resulting classes are our common stock and restricted stock. For the years ended December 31, 2014, 2013 and 2012, all of HTA’s earnings were distributed and the calculated earnings (losses) per share amount would be the same for all classes. | ||||||||||||
For the year ended December 31, 2012, approximately 156,000 shares were excluded from the computation of diluted shares as their impact would have been anti-dilutive. The following is the reconciliation of the numerator and denominator used in basic and diluted earnings (losses) per share of HTA common stock for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per share data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Numerator: | ||||||||||||
Net income (loss) | $ | 45,994 | $ | 24,684 | $ | (24,368 | ) | |||||
Net income attributable to noncontrolling interests | (623 | ) | (423 | ) | (56 | ) | ||||||
Net income (loss) attributable to common stockholders | $ | 45,371 | $ | 24,261 | $ | (24,424 | ) | |||||
Denominator: (1) | ||||||||||||
Weighted average number of shares outstanding - basic | 119,904 | 114,038 | 111,357 | |||||||||
Dilutive shares | 1,264 | 932 | — | |||||||||
Weighted average number of shares outstanding - diluted | 121,168 | 114,970 | 111,357 | |||||||||
Earnings (losses) per common share - basic (1) | ||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.38 | $ | 0.21 | $ | (0.22 | ) | |||||
Earnings (losses) per common share - diluted (1) | ||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.37 | $ | 0.21 | $ | (0.22 | ) | |||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Per_Unit_Data_of_HTALP
Per Unit Data of HTALP (Healthcare Trust of America Holdings, LP (HTALP)) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Healthcare Trust of America Holdings, LP (HTALP) | ||||||||||||
Earnings Per Share | ||||||||||||
Per Unit Data of HTALP | Per Unit Data of HTALP | |||||||||||
The following is the reconciliation of the numerator and denominator used in basic and diluted earnings (losses) per unit of HTALP for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per unit data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Numerator: | ||||||||||||
Net income (loss) | $ | 45,994 | $ | 24,684 | $ | (24,368 | ) | |||||
Net income attributable to noncontrolling interests | (133 | ) | (51 | ) | (40 | ) | ||||||
Net income (loss) attributable to common unitholders | $ | 45,861 | $ | 24,633 | $ | (24,408 | ) | |||||
Denominator: (1) | ||||||||||||
Weighted average number of units outstanding - basic | 121,340 | 115,565 | 112,341 | |||||||||
Dilutive units | — | — | — | |||||||||
Weighted average number of units outstanding - diluted | 121,340 | 115,565 | 112,341 | |||||||||
Earnings (losses) per common unit - basic: (1) | ||||||||||||
Net income (loss) attributable to common unitholders | $ | 0.38 | $ | 0.21 | $ | (0.22 | ) | |||||
Earnings (losses) per common unit - diluted: (1) | ||||||||||||
Net income (loss) attributable to common unitholders | $ | 0.38 | $ | 0.21 | $ | (0.22 | ) | |||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Supplemental Cash Flow Elements [Abstract] | ||||||||||||
Supplemental Cash Flow Information | Supplemental Cash Flow Information | |||||||||||
The following is the supplemental cash flow information for the years ended December 31, 2014, 2013 and 2012 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Interest paid | $ | 42,666 | $ | 41,460 | $ | 38,560 | ||||||
Income taxes paid | 889 | 669 | 1,090 | |||||||||
Supplemental Disclosure of Noncash Activities: | ||||||||||||
Investing Activities: | ||||||||||||
Accrued capital expenditures | $ | 3,853 | $ | 1,783 | $ | 1,575 | ||||||
Note receivable included in the consideration of an acquisition | 11,924 | — | 37,264 | |||||||||
The following represents the significant increase (decrease) in certain assets and liabilities in connection with our acquisitions: | ||||||||||||
Debt and interest rate swaps | $ | 103,980 | $ | 55,977 | $ | — | ||||||
Financing Activities: | ||||||||||||
Issuances under DRIP | $ | — | $ | — | $ | 31,916 | ||||||
Dividend distributions declared, but not paid | 36,275 | 34,177 | 30,959 | |||||||||
Issuance of operating partnership units in connection with acquisitions | 16,960 | — | — | |||||||||
Tax_Treatment_of_Dividends_of_
Tax Treatment of Dividends of HTA (Unaudited) | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Income Tax Disclosure [Abstract] | ||||||||||
Tax Treatment of Dividends of HTA (Unaudited) | Tax Treatment of Dividends of HTA (Unaudited) | |||||||||
The following is the income tax treatment of dividend distributions for the years ended December 31, 2014, 2013 and 2012: | ||||||||||
Year Ended December 31, | ||||||||||
2014 | 2013 | 2012 | ||||||||
Ordinary income | 59.31 | % | 62.02 | % | 46.93 | % | ||||
Return of capital | 40.69 | 37.83 | 53.07 | |||||||
Capital gain | 0 | 0.15 | 0 | |||||||
Total | 100 | % | 100 | % | 100 | % |
Future_Minimum_Rent
Future Minimum Rent | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Leases [Abstract] | |||||
Future Minimum Rent | Future Minimum Rent | ||||
We have operating leases with tenants that expire at various dates through 2037 which generally include fixed increases or adjustments based on the consumer price index. Generally, the leases grant tenants renewal options. Leases also provide for additional rents based on certain operating expenses. Future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of December 31, 2014 is as follows (in thousands): | |||||
Year | Amount | ||||
2015 | $ | 306,490 | |||
2016 | 289,901 | ||||
2017 | 263,335 | ||||
2018 | 227,272 | ||||
2019 | 201,748 | ||||
Thereafter | 827,474 | ||||
Total | $ | 2,116,220 | |||
A certain amount of our rental income is from tenants with leases which are subject to contingent rent provisions. These contingent rents are subject to the tenant achieving periodic revenues in excess of specified levels. For the years ended December 31, 2014, 2013 and 2012, the amount of contingent rent earned by us was not significant. |
Selected_Quarterly_Financial_D
Selected Quarterly Financial Data of HTA (Unaudited) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ||||||||||||||||||
Selected Quarterly Financial Data of HTA (Unaudited) | Selected Quarterly Financial Data of HTA (Unaudited) | |||||||||||||||||
Set forth below is the unaudited selected quarterly financial data of HTA for 2014 and 2013. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per share data). | ||||||||||||||||||
Quarter Ended (1) | ||||||||||||||||||
2014 | 31-Mar | 30-Jun | September 30 (2) | December 31 (2) | ||||||||||||||
Revenues | $ | 91,304 | $ | 89,671 | $ | 95,534 | $ | 94,996 | ||||||||||
Net income | 5,434 | 2,883 | 16,220 | 21,457 | ||||||||||||||
Net income attributable to common stockholders | 5,292 | 2,855 | 16,032 | 21,192 | ||||||||||||||
Earnings per common share - basic: (3) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
Earnings per common share - diluted: (3) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The increase in net income is due to the gain on sales of real estate. | ||||||||||||||||||
(3) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||||||||
Quarter Ended (1)(2) | ||||||||||||||||||
2013 | 31-Mar | June 30 (3) | 30-Sep | 31-Dec | ||||||||||||||
Revenues | $ | 76,861 | $ | 77,624 | $ | 82,984 | $ | 84,132 | ||||||||||
Net income | 1,384 | 14,233 | 5,005 | 4,062 | ||||||||||||||
Net income attributable to common stockholders | 1,351 | 14,025 | 4,823 | 4,062 | ||||||||||||||
Earnings per common share - basic: (4) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
Earnings per common share - diluted: (4) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2013 as a result of discontinued operations of one property classified as held for sale during 2013 that was reclassified to continuing operations during 2014. | ||||||||||||||||||
(3) The increase in net income related to the gains on derivative financial instruments. | ||||||||||||||||||
(4) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Selected_Quarterly_Financial_D1
Selected Quarterly Financial Data of HTALP (Unaudited) Selected Quarterly Financial Data of HTALP (Unaudited) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Selected Quarterly Financial Data [Line Items] | ||||||||||||||||||
Selected Quarterly Financial Data of HTALP (Unaudited) | Selected Quarterly Financial Data of HTA (Unaudited) | |||||||||||||||||
Set forth below is the unaudited selected quarterly financial data of HTA for 2014 and 2013. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per share data). | ||||||||||||||||||
Quarter Ended (1) | ||||||||||||||||||
2014 | 31-Mar | 30-Jun | September 30 (2) | December 31 (2) | ||||||||||||||
Revenues | $ | 91,304 | $ | 89,671 | $ | 95,534 | $ | 94,996 | ||||||||||
Net income | 5,434 | 2,883 | 16,220 | 21,457 | ||||||||||||||
Net income attributable to common stockholders | 5,292 | 2,855 | 16,032 | 21,192 | ||||||||||||||
Earnings per common share - basic: (3) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
Earnings per common share - diluted: (3) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The increase in net income is due to the gain on sales of real estate. | ||||||||||||||||||
(3) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||||||||
Quarter Ended (1)(2) | ||||||||||||||||||
2013 | 31-Mar | June 30 (3) | 30-Sep | 31-Dec | ||||||||||||||
Revenues | $ | 76,861 | $ | 77,624 | $ | 82,984 | $ | 84,132 | ||||||||||
Net income | 1,384 | 14,233 | 5,005 | 4,062 | ||||||||||||||
Net income attributable to common stockholders | 1,351 | 14,025 | 4,823 | 4,062 | ||||||||||||||
Earnings per common share - basic: (4) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
Earnings per common share - diluted: (4) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2013 as a result of discontinued operations of one property classified as held for sale during 2013 that was reclassified to continuing operations during 2014. | ||||||||||||||||||
(3) The increase in net income related to the gains on derivative financial instruments. | ||||||||||||||||||
(4) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||||||||
Healthcare Trust of America Holdings, LP (HTALP) | ||||||||||||||||||
Selected Quarterly Financial Data [Line Items] | ||||||||||||||||||
Selected Quarterly Financial Data of HTALP (Unaudited) | Selected Quarterly Financial Data of HTALP (Unaudited) | |||||||||||||||||
Set forth below is the unaudited selected quarterly financial data of HTALP for 2014 and 2013. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per unit data). | ||||||||||||||||||
Quarter Ended (1) | ||||||||||||||||||
2014 | 31-Mar | 30-Jun | September 30 (2) | December 31 (2) | ||||||||||||||
Revenues | $ | 91,304 | $ | 89,671 | $ | 95,534 | $ | 94,996 | ||||||||||
Net income | 5,434 | 2,883 | 16,220 | 21,457 | ||||||||||||||
Net income attributable to common unitholders | 5,396 | 2,843 | 16,192 | 21,430 | ||||||||||||||
Earnings per common unit - basic: (3) | ||||||||||||||||||
Net income attributable to common unitholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
Earnings per common unit - diluted: (3) | ||||||||||||||||||
Net income attributable to common unitholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The increase in net income is due to the gain on sales of real estate. | ||||||||||||||||||
(3) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||||||||
Quarter Ended (1)(2) | ||||||||||||||||||
2013 | 31-Mar | June 30 (3) | 30-Sep | 31-Dec | ||||||||||||||
Revenues | $ | 76,861 | $ | 77,624 | $ | 82,984 | $ | 84,132 | ||||||||||
Net income | 1,384 | 14,233 | 5,005 | 4,062 | ||||||||||||||
Net income attributable to common unitholders | 1,359 | 14,228 | 4,996 | 4,050 | ||||||||||||||
Earnings per common unit - basic: (4) | ||||||||||||||||||
Net income attributable to common unitholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
Earnings per common unit - diluted: (4) | ||||||||||||||||||
Net income attributable to common unitholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2013 as a result of discontinued operations of one property classified as held for sale during 2013 that was reclassified to continuing operations during 2014. | ||||||||||||||||||
(3) The increase in net income related to the gains on derivative financial instruments. | ||||||||||||||||||
(4) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Schedule_II_Valuation_and_Qual
Schedule II - Valuation and Qualifying Accounts | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||
Valuation and Qualifying Accounts [Abstract] | ||||||||||||||||||||
Schedule II - Valuation and Qualifying Accounts | HEALTHCARE TRUST OF AMERICA, INC. AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP | |||||||||||||||||||
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS | ||||||||||||||||||||
(In thousands) | ||||||||||||||||||||
Balance at | Charged to | Adjustments | Deductions | Balance at | ||||||||||||||||
Beginning | Expenses | to Valuation | End of Period | |||||||||||||||||
of Period | Accounts | |||||||||||||||||||
2014 - Allowance for doubtful accounts | $ | 2,121 | $ | 312 | $ | — | $ | (416 | ) | $ | 2,017 | |||||||||
2013 - Allowance for doubtful accounts | 2,168 | 453 | — | (500 | ) | 2,121 | ||||||||||||||
2012 - Allowance for doubtful accounts | 1,498 | 1,064 | — | (394 | ) | 2,168 | ||||||||||||||
Schedule_III_Real_Estate_and_A
Schedule III - Real Estate and Accumulated Depreciation Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||||
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||
Schedule III - Real Estate and Accumulated Depreciation | HEALTHCARE TRUST OF AMERICA, INC. AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP | ||||||||||||||||||||||||||||||||||||||
SCHEDULE III — REAL ESTATE AND ACCUMULATED DEPRECIATION | |||||||||||||||||||||||||||||||||||||||
The following schedule presents our total real estate investments and accumulated depreciation for our operating properties as of December 31, 2014 (in thousands): | |||||||||||||||||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
Phoenix Med Center | Glendale, AZ | $ | 2,011 | $ | 453 | $ | 2,768 | $ | 352 | $ | 453 | $ | 3,120 | $ | 3,573 | $ | (551 | ) | 1989 | 2011 | 39 | ||||||||||||||||||
Thunderbird MOP | Glendale, AZ | 12,926 | 3,842 | 19,679 | 3,221 | 3,842 | 22,900 | 26,742 | (6,524 | ) | 1976 - 1987 | 2007 | 39 | ||||||||||||||||||||||||||
Peoria MOB | Peoria, AZ | 4,074 | 605 | 4,394 | 279 | 605 | 4,673 | 5,278 | (834 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Baptist MC | Phoenix, AZ | 6,941 | — | 12,637 | 1,510 | — | 14,147 | 14,147 | (2,661 | ) | 1973 | 2008 | 39 | ||||||||||||||||||||||||||
Desert Ridge MOB | Phoenix, AZ | — | — | 27,738 | 1,294 | — | 29,032 | 29,032 | (2,915 | ) | 2004 - 2006 | 2011 | 39 | ||||||||||||||||||||||||||
Estrella Med Center | Phoenix, AZ | 19,611 | — | 24,703 | 1,188 | — | 25,891 | 25,891 | (3,901 | ) | 2004 | 2010 | 39 | ||||||||||||||||||||||||||
Sun City Boswell MOBs | Sun City, AZ | — | — | 12,775 | 2,150 | — | 14,925 | 14,925 | (3,752 | ) | 1971 - 2001 | 2009 | 39 | ||||||||||||||||||||||||||
Sun City Boswell West | Sun City, AZ | — | — | 6,610 | 1,206 | — | 7,816 | 7,816 | (1,587 | ) | 1992 | 2009 | 39 | ||||||||||||||||||||||||||
Sun City Webb MP | Sun City, AZ | — | — | 16,188 | 1,461 | — | 17,649 | 17,649 | (3,501 | ) | 1997 - 2004 | 2009 | 39 | ||||||||||||||||||||||||||
Sun City West MOBs | Sun City, AZ | — | 744 | 13,466 | 1,176 | 744 | 14,642 | 15,386 | (3,598 | ) | 1987 - 2002 | 2009 | 39 | ||||||||||||||||||||||||||
Gateway Med Plaza | Tucson, AZ | 9,717 | — | 14,005 | (94 | ) | — | 13,911 | 13,911 | (1,779 | ) | 2008 | 2010 | 39 | |||||||||||||||||||||||||
Tucson Academy MOP | Tucson, AZ | — | 1,193 | 6,107 | 1,158 | 1,193 | 7,265 | 8,458 | (1,951 | ) | 1978 | 2008 | 39 | ||||||||||||||||||||||||||
Tucson Desert Life MOP | Tucson, AZ | — | 1,309 | 17,572 | 1,144 | 1,309 | 18,716 | 20,025 | (4,753 | ) | 1980 - 1984 | 2007 | 39 | ||||||||||||||||||||||||||
5995 Plaza Drive | Cypress, CA | — | 5,109 | 17,961 | 336 | 5,109 | 18,297 | 23,406 | (3,972 | ) | 1986 | 2008 | 39 | ||||||||||||||||||||||||||
Senior Care El Monte | El Monte, CA | — | 1,534 | 3,545 | (17 | ) | 1,534 | 3,528 | 5,062 | (686 | ) | 1964 | 2008 | 39 | |||||||||||||||||||||||||
Senior Care Lomita | Lomita, CA | — | 1,035 | 2,083 | (8 | ) | 1,035 | 2,075 | 3,110 | (430 | ) | 1959 | 2008 | 39 | |||||||||||||||||||||||||
St. Mary Physician’s Center | Long Beach, CA | — | 1,815 | 10,242 | 574 | 1,815 | 10,816 | 12,631 | (2,225 | ) | 1992 | 2007 | 39 | ||||||||||||||||||||||||||
San Luis Obispo MOB | San Luis Obispo, CA | — | — | 11,900 | 2,339 | — | 14,239 | 14,239 | (2,042 | ) | 2009 | 2010 | 39 | ||||||||||||||||||||||||||
Hampden Place MOB | Englewood, CO | — | 3,032 | 12,553 | 59 | 3,032 | 12,612 | 15,644 | (2,300 | ) | 2004 | 2009 | 39 | ||||||||||||||||||||||||||
Highlands Ranch MOP | Highlands Ranch, CO | — | 2,240 | 10,426 | 2,182 | 2,240 | 12,608 | 14,848 | (3,191 | ) | 1983 - 1985 | 2007 | 39 | ||||||||||||||||||||||||||
Lone Tree Medical Office Buildings | Lone Tree, CO | — | 3,736 | 29,546 | — | 3,736 | 29,546 | 33,282 | — | 2004-2008 | 2014 | 38 | |||||||||||||||||||||||||||
Lincoln Medical Center | Parker, CO | — | 5,142 | 28,638 | 141 | 5,142 | 28,779 | 33,921 | (1,440 | ) | 2008 | 2013 | 39 | ||||||||||||||||||||||||||
Brandon MOP | Brandon, FL | — | 901 | 6,946 | 547 | 901 | 7,493 | 8,394 | (1,794 | ) | 1997 | 2008 | 39 | ||||||||||||||||||||||||||
McMullen MOB | Clearwater, FL | — | 3,470 | 12,621 | — | 3,470 | 12,621 | 16,091 | (166 | ) | 2009 | 2014 | 39 | ||||||||||||||||||||||||||
Orlando Rehab Hospital | Edgewood, FL | — | 2,600 | 20,256 | 3,000 | 2,600 | 23,256 | 25,856 | (2,513 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
Palmetto MOB | Hialeah, FL | 5,765 | — | 15,512 | 302 | — | 15,814 | 15,814 | (1,190 | ) | 1980 | 2013 | 39 | ||||||||||||||||||||||||||
East FL Senior Jacksonville | Jacksonville, FL | — | 4,291 | 9,220 | — | 4,291 | 9,220 | 13,511 | (3,014 | ) | 1985 | 2007 | 39 | ||||||||||||||||||||||||||
King Street MOB | Jacksonville, FL | 5,362 | — | 7,232 | (70 | ) | — | 7,162 | 7,162 | (1,131 | ) | 2007 | 2010 | 39 | |||||||||||||||||||||||||
Jupiter MP | Jupiter, FL | — | 1,204 | 11,778 | 206 | 1,204 | 11,984 | 13,188 | (493 | ) | 1996 - 1997 | 2013 | 39 | ||||||||||||||||||||||||||
Central FL SC | Lakeland, FL | — | 768 | 3,002 | 302 | 768 | 3,304 | 4,072 | (706 | ) | 1995 | 2008 | 39 | ||||||||||||||||||||||||||
Vista Pro Center MOP | Lakeland, FL | — | 1,082 | 3,587 | 367 | 1,082 | 3,954 | 5,036 | (947 | ) | 1996 - 1999 | 2007 - 2008 | 39 | ||||||||||||||||||||||||||
Largo Medical Center | Largo, FL | 29,474 | — | 51,045 | 479 | — | 51,524 | 51,524 | (1,628 | ) | 2009 | 2013 | 39 | ||||||||||||||||||||||||||
Largo MOP | Largo, FL | — | 729 | 8,908 | 499 | 729 | 9,407 | 10,136 | (2,178 | ) | 1975 - 1986 | 2008 | 39 | ||||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
FL Family Medical Center | Lauderdale Lakes, FL | — | — | 4,257 | 225 | — | 4,482 | 4,482 | (394 | ) | 1978 | 2013 | 39 | ||||||||||||||||||||||||||
Northwest Medical Park | Margate, FL | — | — | 9,525 | — | — | 9,525 | 9,525 | (367 | ) | 2009 | 2013 | 39 | ||||||||||||||||||||||||||
North Shore MOB | Miami, FL | — | — | 4,942 | 112 | — | 5,054 | 5,054 | (438 | ) | 1978 | 2013 | 39 | ||||||||||||||||||||||||||
Sunset Professional and Kendall MOBs | Miami, FL | — | 11,855 | 13,633 | 53 | 11,855 | 13,686 | 25,541 | (490 | ) | 1954-2006 | 2014 | 27 | ||||||||||||||||||||||||||
Common V MOB | Naples, FL | 9,043 | 4,173 | 9,070 | 219 | 4,173 | 9,289 | 13,462 | (2,025 | ) | 1990 | 2007 | 39 | ||||||||||||||||||||||||||
Orlando Lake Underhill MOB | Orlando, FL | — | — | 8,515 | 911 | — | 9,426 | 9,426 | (1,408 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Orlando Oviedo MOB | Oviedo, FL | — | — | 5,711 | 239 | — | 5,950 | 5,950 | (860 | ) | 1998 | 2010 | 39 | ||||||||||||||||||||||||||
Heart & Family Health MOB | Port St. Lucie, FL | — | 686 | 8,102 | — | 686 | 8,102 | 8,788 | (299 | ) | 2008 | 2013 | 39 | ||||||||||||||||||||||||||
St. Lucie MC | Port St. Lucie, FL | — | — | 6,127 | — | — | 6,127 | 6,127 | (255 | ) | 2008 | 2013 | 39 | ||||||||||||||||||||||||||
East FL Senior Sunrise | Sunrise, FL | — | 2,947 | 12,825 | 1 | 2,947 | 12,826 | 15,773 | (3,618 | ) | 1989 | 2007 | 39 | ||||||||||||||||||||||||||
Tallahassee Rehab Hospital | Tallahassee, FL | — | 7,142 | 18,691 | 2,400 | 7,142 | 21,091 | 28,233 | (2,441 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
FL Ortho Institute | Temple Terrace, FL | — | 2,923 | 17,647 | (1 | ) | 2,923 | 17,646 | 20,569 | (2,336 | ) | 2001 - 2003 | 2010 | 39 | |||||||||||||||||||||||||
Wellington MAP III | Wellington, FL | 7,854 | — | 10,511 | (95 | ) | — | 10,416 | 10,416 | (1,315 | ) | 2006 | 2010 | 39 | |||||||||||||||||||||||||
Victor Farris MOB | West Palm Beach, FL | 11,620 | — | 23,052 | 326 | — | 23,378 | 23,378 | (1,321 | ) | 1988 | 2013 | 39 | ||||||||||||||||||||||||||
East FL Senior Winter Park | Winter Park, FL | — | 2,840 | 12,825 | 1,104 | 2,840 | 13,929 | 16,769 | (3,935 | ) | 1988 | 2007 | 39 | ||||||||||||||||||||||||||
Camp Creek Med Center | Atlanta, GA | — | 2,961 | 19,688 | (174 | ) | 2,961 | 19,514 | 22,475 | (3,571 | ) | 2006 - 2010 | 2010 - 2012 | 39 | |||||||||||||||||||||||||
Augusta Rehab Hospital | Augusta, GA | — | 1,059 | 20,899 | — | 1,059 | 20,899 | 21,958 | (2,507 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
Austell Medical Park | Austell, GA | — | 432 | 4,057 | — | 432 | 4,057 | 4,489 | (248 | ) | 2007 | 2013 | 39 | ||||||||||||||||||||||||||
Decatur MP | Decatur, GA | — | 3,166 | 6,862 | 353 | 3,166 | 7,215 | 10,381 | (1,626 | ) | 1976 | 2008 | 39 | ||||||||||||||||||||||||||
Yorktown MC | Fayetteville, GA | — | 2,802 | 12,502 | 2,145 | 2,802 | 14,647 | 17,449 | (4,047 | ) | 1987 | 2007 | 39 | ||||||||||||||||||||||||||
Gwinett MOP | Lawrenceville, GA | — | 1,290 | 7,246 | 1,378 | 1,290 | 8,624 | 9,914 | (2,185 | ) | 1985 | 2007 | 39 | ||||||||||||||||||||||||||
Marietta Health Park | Marietta, GA | 7,200 | 1,276 | 12,197 | 401 | 1,276 | 12,598 | 13,874 | (2,986 | ) | 2000 | 2008 | 39 | ||||||||||||||||||||||||||
Shakerag MC | Peachtree City, GA | 12,667 | 743 | 3,290 | 1,261 | 743 | 4,551 | 5,294 | (1,231 | ) | 1994 | 2007 | 39 | ||||||||||||||||||||||||||
Northmeadow Medical Center | Roswell, GA | — | 1,245 | 9,109 | (7 | ) | 1,245 | 9,102 | 10,347 | (2,039 | ) | 1999 | 2007 | 39 | |||||||||||||||||||||||||
Overlook at Eagle’s Landing | Stockbridge, GA | 5,042 | 638 | 6,685 | 129 | 638 | 6,814 | 7,452 | (1,086 | ) | 2004 | 2010 | 39 | ||||||||||||||||||||||||||
SouthCrest MOP | Stockbridge, GA | — | 4,260 | 14,636 | 1,116 | 4,260 | 15,752 | 20,012 | (3,852 | ) | 2005 | 2008 | 39 | ||||||||||||||||||||||||||
Honolulu MOB | Honolulu, HI | 15,101 | — | 27,336 | — | — | 27,336 | 27,336 | — | 1997 | 2014 | 35 | |||||||||||||||||||||||||||
Kapolei Medical Park | Kapolei, HI | — | — | 16,253 | — | — | 16,253 | 16,253 | — | 1999 | 2014 | 35 | |||||||||||||||||||||||||||
Rush Oak Park MOB | Oak Park, IL | — | 1,096 | 38,550 | — | 1,096 | 38,550 | 39,646 | (3,197 | ) | 2000 | 2012 | 38 | ||||||||||||||||||||||||||
Brownsburg MOB | Brownsburg, IN | — | 431 | 639 | 173 | 431 | 812 | 1,243 | (348 | ) | 1989 | 2008 | 39 | ||||||||||||||||||||||||||
Athens SC | Crawfordsville, IN | — | 381 | 3,575 | 249 | 381 | 3,824 | 4,205 | (967 | ) | 2000 | 2007 | 39 | ||||||||||||||||||||||||||
Crawfordsville MOB | Crawfordsville, IN | 4,046 | 318 | 1,899 | 65 | 318 | 1,964 | 2,282 | (559 | ) | 1997 | 2007 | 39 | ||||||||||||||||||||||||||
Deaconess Clinic Downtown | Evansville, IN | — | 1,748 | 21,963 | 61 | 1,748 | 22,024 | 23,772 | (3,838 | ) | 1952 - 1967 | 2010 | 39 | ||||||||||||||||||||||||||
Deaconess Clinic Westside | Evansville, IN | 19,818 | 360 | 3,265 | 356 | 360 | 3,621 | 3,981 | (591 | ) | 2005 | 2010 | 39 | ||||||||||||||||||||||||||
Dupont MOB | Fort Wayne, IN | — | — | 8,246 | 10 | — | 8,256 | 8,256 | (356 | ) | 2004 | 2013 | 39 | ||||||||||||||||||||||||||
Ft. Wayne MOB | Fort Wayne, IN | — | — | 6,579 | — | — | 6,579 | 6,579 | (954 | ) | 2008 | 2009 | 39 | ||||||||||||||||||||||||||
Community MP | Indianapolis, IN | — | 560 | 3,581 | 214 | 560 | 3,795 | 4,355 | (938 | ) | 1995 | 2008 | 39 | ||||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
Eagle Highlands MOP | Indianapolis, IN | — | 2,216 | 11,154 | 4,281 | 2,216 | 15,435 | 17,651 | (3,674 | ) | 1988 - 1989 | 2008 | 39 | ||||||||||||||||||||||||||
Epler Parke MOP | Indianapolis, IN | — | 1,556 | 6,928 | 116 | 1,556 | 7,044 | 8,600 | (1,935 | ) | 2002 - 2003 | 2007 - 2008 | 39 | ||||||||||||||||||||||||||
Glendale Prof Plaza | Indianapolis, IN | — | 570 | 2,739 | 973 | 570 | 3,712 | 4,282 | (1,110 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
MMP Eagle Highlands | Indianapolis, IN | — | 1,044 | 13,548 | 2,093 | 1,044 | 15,641 | 16,685 | (3,847 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
MMP East | Indianapolis, IN | — | 1,236 | 9,840 | 1,805 | 1,236 | 11,645 | 12,881 | (3,784 | ) | 1996 | 2008 | 39 | ||||||||||||||||||||||||||
MMP North | Indianapolis, IN | — | 1,518 | 15,460 | 3,576 | 1,427 | 19,127 | 20,554 | (4,304 | ) | 1995 | 2008 | 39 | ||||||||||||||||||||||||||
MMP South | Indianapolis, IN | — | 1,127 | 10,414 | 1,077 | 1,127 | 11,491 | 12,618 | (2,964 | ) | 1994 | 2008 | 39 | ||||||||||||||||||||||||||
Southpointe MOP | Indianapolis, IN | 8,666 | 2,190 | 7,548 | 1,774 | 2,190 | 9,322 | 11,512 | (2,408 | ) | 1996 | 2007 | 39 | ||||||||||||||||||||||||||
Kokomo MOP | Kokomo, IN | — | 1,779 | 9,614 | 775 | 1,779 | 10,389 | 12,168 | (2,689 | ) | 1992 - 1994 | 2007 | 39 | ||||||||||||||||||||||||||
Deaconess Clinic Gateway | Newburgh, IN | — | — | 10,952 | (9 | ) | — | 10,943 | 10,943 | (1,650 | ) | 2006 | 2010 | 39 | |||||||||||||||||||||||||
Zionsville MC | Zionsville, IN | — | 655 | 2,877 | 557 | 664 | 3,425 | 4,089 | (936 | ) | 1992 | 2008 | 39 | ||||||||||||||||||||||||||
KS Doctors MOB | Overland Park, KS | — | 1,808 | 9,517 | 1,091 | 1,808 | 10,608 | 12,416 | (2,506 | ) | 1978 | 2008 | 39 | ||||||||||||||||||||||||||
Nashoba Valley Med Center MOB | Ayer, MA | — | — | 5,529 | 304 | 299 | 5,534 | 5,833 | (532 | ) | 1976 - 2007 | 2012 | 31 | ||||||||||||||||||||||||||
Tufts Medical Center | Boston, MA | 74,039 | 32,514 | 109,180 | 973 | 32,514 | 110,153 | 142,667 | (2,071 | ) | 1924 | 2014 | 35 | ||||||||||||||||||||||||||
St. Elizabeth’s Med Center | Brighton, MA | — | — | 20,929 | 2,767 | 1,379 | 22,317 | 23,696 | (1,958 | ) | 1965 - 1988 | 2012 | 31 | ||||||||||||||||||||||||||
Good Samaritan Cancer Center | Brockton, MA | — | — | 4,171 | 10 | — | 4,181 | 4,181 | (298 | ) | 2007 | 2012 | 31 | ||||||||||||||||||||||||||
Good Samaritan Med Center MOB | Brockton, MA | — | — | 11,716 | 264 | 144 | 11,836 | 11,980 | (1,081 | ) | 1980 | 2012 | 31 | ||||||||||||||||||||||||||
Carney Hospital MOB | Dorchester, MA | — | — | 7,250 | 632 | 530 | 7,352 | 7,882 | (665 | ) | 1978 | 2012 | 31 | ||||||||||||||||||||||||||
St. Anne’s Hospital MOB | Fall River, MA | — | — | 9,304 | 40 | 40 | 9,304 | 9,344 | (657 | ) | 2011 | 2012 | 31 | ||||||||||||||||||||||||||
Norwood Hospital MOB | Foxborough, MA | — | — | 9,489 | 143 | 2,295 | 7,337 | 9,632 | (723 | ) | 1930 - 2000 | 2012 | 31 | ||||||||||||||||||||||||||
Holy Family Hospital MOB | Methuen, MA | — | — | 4,502 | 189 | 168 | 4,523 | 4,691 | (500 | ) | 1988 | 2012 | 31 | ||||||||||||||||||||||||||
N. Berkshire MOB | North Adams, MA | — | — | 7,259 | 241 | — | 7,500 | 7,500 | (1,027 | ) | 2002 | 2011 | 39 | ||||||||||||||||||||||||||
Morton Hospital MOB | Taunton, MA | — | — | 15,317 | 670 | 502 | 15,485 | 15,987 | (2,118 | ) | 1988 | 2012 | 31 | ||||||||||||||||||||||||||
Johnston Professional Building | Baltimore, MD | 14,001 | — | 21,481 | 40 | — | 21,521 | 21,521 | (345 | ) | 1993 | 2014 | 35 | ||||||||||||||||||||||||||
Triad Tech Center | Baltimore, MD | 11,260 | — | 26,548 | — | — | 26,548 | 26,548 | (3,461 | ) | 1989 | 2010 | 39 | ||||||||||||||||||||||||||
St. John Providence MOB | Novi, MI | — | — | 42,371 | 7 | — | 42,378 | 42,378 | (4,924 | ) | 2007 | 2012 | 39 | ||||||||||||||||||||||||||
Fort Road MOB | St. Paul, MN | — | 1,571 | 5,786 | 615 | 1,571 | 6,401 | 7,972 | (1,499 | ) | 1981 | 2008 | 39 | ||||||||||||||||||||||||||
Gallery Professional Building | St. Paul, MN | 5,709 | 1,157 | 5,009 | 3,340 | 1,157 | 8,349 | 9,506 | (3,171 | ) | 1979 | 2007 | 39 | ||||||||||||||||||||||||||
Chesterfield Rehab Hospital | Chesterfield, MO | — | 4,213 | 27,900 | 770 | 4,312 | 28,571 | 32,883 | (5,758 | ) | 2007 | 2007 | 39 | ||||||||||||||||||||||||||
BJC West County MOB | Creve Coeur, MO | — | 2,242 | 13,130 | 593 | 2,242 | 13,723 | 15,965 | (3,099 | ) | 1978 | 2008 | 39 | ||||||||||||||||||||||||||
Winghaven MOB | O’Fallon, MO | — | 1,455 | 9,708 | 551 | 1,455 | 10,259 | 11,714 | (2,430 | ) | 2001 | 2008 | 39 | ||||||||||||||||||||||||||
BJC MOB | St. Louis, MO | — | 304 | 1,554 | (2 | ) | 304 | 1,552 | 1,856 | (343 | ) | 2001 | 2008 | 39 | |||||||||||||||||||||||||
Des Peres MAP II | St. Louis, MO | — | — | 11,386 | 604 | — | 11,990 | 11,990 | (1,722 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
Medical Park of Cary | Cary, NC | — | 2,931 | 19,855 | 1,607 | 2,931 | 21,462 | 24,393 | (3,319 | ) | 1994 | 2010 | 39 | ||||||||||||||||||||||||||
3100 Blue Ridge | Raleigh, NC | — | 1,732 | 8,891 | 14 | 1,732 | 8,905 | 10,637 | (179 | ) | 1985 | 2014 | 35 | ||||||||||||||||||||||||||
Raleigh Medical Center | Raleigh, NC | — | 1,281 | 12,530 | 3,168 | 1,281 | 15,698 | 16,979 | (2,461 | ) | 1989 | 2010 | 39 | ||||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
Nutfield Professional Center | Derry, NH | — | 1,075 | 10,320 | 745 | 1,075 | 11,065 | 12,140 | (2,089 | ) | 1963 | 2008 | 39 | ||||||||||||||||||||||||||
Santa Fe 1640 MOB | Santa Fe, NM | 3,271 | 697 | 4,268 | 64 | 697 | 4,332 | 5,029 | (648 | ) | 1985 | 2010 | 39 | ||||||||||||||||||||||||||
Santa Fe 440 MOB | Santa Fe, NM | — | 842 | 7,448 | 13 | 842 | 7,461 | 8,303 | (1,154 | ) | 1978 | 2010 | 39 | ||||||||||||||||||||||||||
San Martin MAP | Las Vegas, NV | — | — | 14,777 | (153 | ) | — | 14,624 | 14,624 | (1,891 | ) | 2007 | 2010 | 39 | |||||||||||||||||||||||||
Madison Ave MOB | Albany, NY | 1,820 | 83 | 2,759 | 16 | 83 | 2,775 | 2,858 | (373 | ) | 1964 | 2010 | 39 | ||||||||||||||||||||||||||
Patroon Creek HQ | Albany, NY | 19,746 | 1,870 | 29,453 | 6,661 | 1,870 | 36,114 | 37,984 | (3,875 | ) | 2001 | 2010 | 39 | ||||||||||||||||||||||||||
Patroon Creek MOB | Albany, NY | — | 1,439 | 27,639 | 137 | 1,439 | 27,776 | 29,215 | (3,563 | ) | 2007 | 2010 | 39 | ||||||||||||||||||||||||||
Washington Ave MOB | Albany, NY | — | 1,699 | 18,440 | 226 | 1,699 | 18,666 | 20,365 | (2,741 | ) | 1998 - 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Putnam MOB | Carmel, NY | 17,923 | — | 24,216 | — | — | 24,216 | 24,216 | (2,741 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Capital Region Health Park | Latham, NY | — | 2,305 | 37,494 | 1,417 | 2,305 | 38,911 | 41,216 | (5,245 | ) | 2001 | 2010 | 39 | ||||||||||||||||||||||||||
St. Francis MAP | Poughkeepsie, NY | — | — | 17,810 | 1,405 | — | 19,215 | 19,215 | (3,122 | ) | 2006 | 2010 | 39 | ||||||||||||||||||||||||||
Westchester MOBs | White Plains, NY | — | 17,274 | 41,865 | 277 | 17,274 | 42,142 | 59,416 | (810 | ) | 1967-1983 | 2014 | 29 | ||||||||||||||||||||||||||
210 Westchester MOB | White Plains, NY | — | 8,628 | 18,408 | — | 8,628 | 18,408 | 27,036 | — | 1981 | 2014 | 31 | |||||||||||||||||||||||||||
Market Exchange MOP | Columbus, OH | — | 2,326 | 17,207 | 2,371 | 2,326 | 19,578 | 21,904 | (3,811 | ) | 2001 - 2003 | 2007 - 2010 | 39 | ||||||||||||||||||||||||||
Park Place MOP | Kettering, OH | — | 1,987 | 11,341 | 1,357 | 1,987 | 12,698 | 14,685 | (3,699 | ) | 1998 - 2002 | 2007 | 39 | ||||||||||||||||||||||||||
Liberty Falls MP | Liberty, OH | — | 842 | 5,640 | 635 | 842 | 6,275 | 7,117 | (1,772 | ) | 2008 | 2008 | 39 | ||||||||||||||||||||||||||
Parma Ridge MOB | Parma, OH | — | 372 | 3,636 | 728 | 372 | 4,364 | 4,736 | (1,009 | ) | 1977 | 2008 | 39 | ||||||||||||||||||||||||||
Deaconess MOP | Oklahoma City, OK | — | — | 25,975 | 2,430 | — | 28,405 | 28,405 | (6,020 | ) | 1991 - 1996 | 2008 | 39 | ||||||||||||||||||||||||||
Monroeville MOB | Monroeville, PA | — | 3,264 | 7,038 | 58 | 3,264 | 7,096 | 10,360 | (818 | ) | 1985 - 1989 | 2013 | 39 | ||||||||||||||||||||||||||
2750 Monroe MOB | Norristown, PA | — | 2,323 | 22,631 | 5,423 | 2,323 | 28,054 | 30,377 | (6,331 | ) | 1985 | 2007 | 39 | ||||||||||||||||||||||||||
Federal North MOB | Pittsburgh, PA | — | 2,489 | 30,268 | 90 | 2,489 | 30,358 | 32,847 | (4,146 | ) | 1999 | 2010 | 39 | ||||||||||||||||||||||||||
Highmark Penn Ave | Pittsburgh, PA | — | 1,774 | 38,921 | 1,004 | 1,774 | 39,925 | 41,699 | (3,951 | ) | 1907 | 2012 | 39 | ||||||||||||||||||||||||||
WP Allegheny HQ MOB | Pittsburgh, PA | — | 1,514 | 32,368 | 377 | 1,514 | 32,745 | 34,259 | (4,014 | ) | 2002 | 2010 | 39 | ||||||||||||||||||||||||||
Cannon Park Place | Charleston, SC | — | 425 | 8,651 | 83 | 425 | 8,734 | 9,159 | (1,143 | ) | 1998 | 2010 | 39 | ||||||||||||||||||||||||||
Tides Medical Arts Center | Charleston, SC | — | 3,763 | 19,787 | — | 3,763 | 19,787 | 23,550 | (217 | ) | 2007 | 2014 | 39 | ||||||||||||||||||||||||||
GHS Memorial | Greenville, SC | 4,199 | — | 8,301 | 385 | — | 8,686 | 8,686 | (1,270 | ) | 1992 | 2009 | 39 | ||||||||||||||||||||||||||
GHS MMC | Greenville, SC | 21,526 | 995 | 39,158 | 1,308 | 995 | 40,466 | 41,461 | (5,965 | ) | 1987 - 1998 | 2009 | 39 | ||||||||||||||||||||||||||
GHS MOBs I | Greenville, SC | — | 1,644 | 9,144 | 558 | 1,644 | 9,702 | 11,346 | (1,619 | ) | 1974 - 1990 | 2009 | 39 | ||||||||||||||||||||||||||
GHS Patewood MOP | Greenville, SC | — | — | 64,537 | 872 | — | 65,409 | 65,409 | (9,943 | ) | 1983 - 2007 | 2009 | 39 | ||||||||||||||||||||||||||
GHS Greer MOBs | Greenville, Travelers Rest and Greer, SC | 7,932 | 1,309 | 14,639 | 13 | 1,309 | 14,652 | 15,961 | (2,245 | ) | 1992-2008 | 2009 | 39 | ||||||||||||||||||||||||||
Hilton Head Heritage MOP | Hilton Head Island, SC | — | 1,125 | 5,398 | 48 | 1,125 | 5,446 | 6,571 | (950 | ) | 1996 | 2010 | 39 | ||||||||||||||||||||||||||
Hilton Head Moss Creek MOB | Hilton Head Island, SC | — | 209 | 2,066 | 3 | 209 | 2,069 | 2,278 | (272 | ) | 2010 | 2010 | 39 | ||||||||||||||||||||||||||
East Cooper Medical Arts Center | Mt. Pleasant, SC | — | 2,470 | 6,289 | — | 2,470 | 6,289 | 8,759 | — | 2001 | 2014 | 32 | |||||||||||||||||||||||||||
East Cooper Medical Center | Mt. Pleasant, SC | — | 2,073 | 5,939 | 180 | 2,073 | 6,119 | 8,192 | (1,148 | ) | 1992 | 2010 | 39 | ||||||||||||||||||||||||||
Mary Black MOB | Spartanburg, SC | — | — | 12,523 | 56 | — | 12,579 | 12,579 | (2,333 | ) | 2006 | 2009 | 39 | ||||||||||||||||||||||||||
Lenox Office Park | Memphis, TN | 11,412 | 1,670 | 13,626 | (743 | ) | 1,670 | 12,883 | 14,553 | (3,057 | ) | 2000 | 2007 | 39 | |||||||||||||||||||||||||
Initial Cost to Company | Cost | Gross Amount at Which | |||||||||||||||||||||||||||||||||||||
Capitalized | Carried at Close of Period | ||||||||||||||||||||||||||||||||||||||
Subsequent | |||||||||||||||||||||||||||||||||||||||
to | |||||||||||||||||||||||||||||||||||||||
Encumbrances | Land | Buildings, | Acquisition (a) | Land | Buildings, | Total (c) | Accumulated | Date of Construction | Date | Life on Which Building Depreciation in Income Statement is Computed (h) | |||||||||||||||||||||||||||||
Improvements and | Improvements and | Depreciation(f) | Acquired | ||||||||||||||||||||||||||||||||||||
Fixtures | Fixtures | ||||||||||||||||||||||||||||||||||||||
Mountain Empire MOBs | Rogersville, Kingsport and Bristol, TN & Norton and Pennington Gap, VA | — | 1,296 | 36,523 | 2,385 | 1,296 | 38,908 | 40,204 | (8,368 | ) | 1976 - 2006 | 2008 - 2011 | 39 | ||||||||||||||||||||||||||
Amarillo Hospital | Amarillo, TX | — | 1,110 | 17,688 | 30 | 1,110 | 17,718 | 18,828 | (3,294 | ) | 2007 | 2008 | 39 | ||||||||||||||||||||||||||
Senior Care - Meadowview | Arlington, TX | — | 350 | 2,066 | 15 | 350 | 2,081 | 2,431 | (541 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
Austin Heart MOB | Austin, TX | 4,486 | — | 15,172 | 7 | — | 15,179 | 15,179 | (545 | ) | 1999 | 2013 | 39 | ||||||||||||||||||||||||||
Post Oak North MC | Austin, TX | — | 887 | 7,011 | 3 | 887 | 7,014 | 7,901 | (303 | ) | 2007 | 2013 | 39 | ||||||||||||||||||||||||||
Texas A&M Health Science Center | Bryan, TX | — | — | 32,494 | (32 | ) | — | 32,462 | 32,462 | (1,954 | ) | 2011 | 2013 | 39 | |||||||||||||||||||||||||
Dallas Rehab Hospital | Carrollton, TX | — | 1,919 | 16,341 | — | 1,919 | 16,341 | 18,260 | (2,067 | ) | 2006 | 2010 | 39 | ||||||||||||||||||||||||||
Cedar Hill MOB | Cedar Hill, TX | — | 778 | 4,830 | 138 | 778 | 4,968 | 5,746 | (1,165 | ) | 2007 | 2008 | 39 | ||||||||||||||||||||||||||
Corsicana MOB | Corsicana, TX | — | — | 6,781 | — | — | 6,781 | 6,781 | (1,267 | ) | 2007 | 2009 | 39 | ||||||||||||||||||||||||||
Dallas LTAC Hospital | Dallas, TX | — | 2,301 | 20,627 | — | 2,301 | 20,627 | 22,928 | (3,008 | ) | 2007 | 2009 | 39 | ||||||||||||||||||||||||||
Forest Park Pavilion | Dallas, TX | — | 9,670 | 11,152 | (208 | ) | 9,670 | 10,944 | 20,614 | (992 | ) | 2010 | 2012 | 39 | |||||||||||||||||||||||||
Forest Park Tower | Dallas, TX | — | 3,340 | 35,071 | 134 | 3,340 | 35,205 | 38,545 | (2,286 | ) | 2011 | 2013 | 39 | ||||||||||||||||||||||||||
Denton Med Rehab Hospital | Denton, TX | — | 2,000 | 11,704 | — | 2,000 | 11,704 | 13,704 | (2,012 | ) | 2008 | 2009 | 39 | ||||||||||||||||||||||||||
Denton MOB | Denton, TX | — | — | 7,543 | — | — | 7,543 | 7,543 | (1,108 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Forest Park Frisco MC | Frisco, TX | — | 1,238 | 19,979 | 2,182 | 1,238 | 22,161 | 23,399 | (1,056 | ) | 2012 | 2013 | 39 | ||||||||||||||||||||||||||
Senior Care Galveston | Galveston, TX | — | 966 | 7,195 | 6 | 966 | 7,201 | 8,167 | (1,418 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
Greenville MOB | Greenville, TX | — | 616 | 10,822 | 287 | 616 | 11,109 | 11,725 | (2,427 | ) | 2007 | 2008 | 39 | ||||||||||||||||||||||||||
7900 Fannin MOB | Houston, TX | — | — | 34,764 | 246 | — | 35,010 | 35,010 | (4,602 | ) | 2005 | 2010 | 39 | ||||||||||||||||||||||||||
Cypress Station MOB | Houston, TX | — | 1,345 | 8,312 | 714 | 1,345 | 9,026 | 10,371 | (2,243 | ) | 1981 | 2008 | 39 | ||||||||||||||||||||||||||
Triumph Hospital NW | Houston, TX | — | 1,377 | 14,531 | 239 | 1,377 | 14,770 | 16,147 | (4,061 | ) | 1986 | 2007 | 39 | ||||||||||||||||||||||||||
Lone Star Endoscopy MOB | Keller, TX | — | 622 | 3,502 | (5 | ) | 622 | 3,497 | 4,119 | (754 | ) | 2006 | 2008 | 39 | |||||||||||||||||||||||||
Lewisville MOB | Lewisville, TX | — | 452 | 3,841 | — | 452 | 3,841 | 4,293 | (652 | ) | 2000 | 2010 | 39 | ||||||||||||||||||||||||||
Pearland MOB | Pearland, TX | — | 1,602 | 7,017 | 495 | 1,602 | 7,512 | 9,114 | (1,408 | ) | 2003 - 2007 | 2010 | 39 | ||||||||||||||||||||||||||
Senior Care Port Arthur | Port Arthur, TX | — | 521 | 7,368 | 4 | 521 | 7,372 | 7,893 | (1,501 | ) | 1994 | 2008 | 39 | ||||||||||||||||||||||||||
San Angelo MOB | San Angelo, TX | — | — | 3,907 | — | — | 3,907 | 3,907 | (721 | ) | 2007 | 2009 | 39 | ||||||||||||||||||||||||||
Mtn Plains Pecan Valley | San Antonio, TX | — | 416 | 13,690 | 1,033 | 416 | 14,723 | 15,139 | (2,804 | ) | 1998 | 2008 | 39 | ||||||||||||||||||||||||||
Sugar Land II MOB | Sugar Land, TX | — | — | 9,648 | 166 | — | 9,814 | 9,814 | (2,113 | ) | 1999 | 2010 | 39 | ||||||||||||||||||||||||||
Triumph Hospital SW | Sugar Land, TX | — | 1,670 | 14,018 | — | 1,670 | 14,018 | 15,688 | (3,981 | ) | 1989 | 2007 | 39 | ||||||||||||||||||||||||||
Senior Care Texas City | Texas City, TX | — | 465 | 7,744 | 3 | 465 | 7,747 | 8,212 | (1,522 | ) | 1993 | 2008 | 39 | ||||||||||||||||||||||||||
Baylor MP | Waxahachie, TX | — | 865 | 6,728 | 315 | 865 | 7,043 | 7,908 | (1,565 | ) | 2006 | 2008 | 39 | ||||||||||||||||||||||||||
Mtn Plains Clear Lake | Webster, TX | — | 832 | 21,168 | 110 | 832 | 21,278 | 22,110 | (4,052 | ) | 2006 | 2008 | 39 | ||||||||||||||||||||||||||
N. Texas Neurology MOB | Wichita Falls, TX | — | 736 | 5,611 | (6 | ) | 736 | 5,605 | 6,341 | (1,192 | ) | 1957 | 2008 | 39 | |||||||||||||||||||||||||
Renaissance MC | Bountiful, UT | 18,188 | 3,701 | 24,442 | 214 | 3,701 | 24,656 | 28,357 | (4,415 | ) | 2004 | 2008 | 39 | ||||||||||||||||||||||||||
Aurora - Franklin | Franklin, WI | — | 945 | 15,336 | — | 945 | 15,336 | 16,281 | (3,327 | ) | 2003 | 2009 | 39 | ||||||||||||||||||||||||||
Aurora - Menomenee | Menomonee Falls, WI | — | 1,055 | 14,998 | — | 1,055 | 14,998 | 16,053 | (3,584 | ) | 1964 | 2009 | 39 | ||||||||||||||||||||||||||
Aurora - Mequon | Mequon, WI | 9,423 | 950 | 19,027 | — | 950 | 19,027 | 19,977 | (4,393 | ) | 1992 - 2001 | 2009 | 39 | ||||||||||||||||||||||||||
Aurora - Milwaukee | Milwaukee, WI | — | 350 | 5,508 | — | 350 | 5,508 | 5,858 | (1,298 | ) | 1983 | 2009 | 39 | ||||||||||||||||||||||||||
Aurora - Richfield | Richfield, WI | — | 255 | 2,818 | — | 255 | 2,818 | 3,073 | (853 | ) | 1996 | 2009 | 39 | ||||||||||||||||||||||||||
Total | $ | 421,873 | $ | 282,381 | $ | 2,258,476 | $ | 112,675 | $ | 287,755 | $ | 2,665,777 | $ | 2,953,532 | $ | (383,966 | ) | ||||||||||||||||||||||
(a) | The cost capitalized subsequent to acquisition is net of dispositions. | ||||||||||||||||||||||||||||||||||||||
(b) | The above table excludes lease intangibles, see (d) and (g). | ||||||||||||||||||||||||||||||||||||||
(c) | The changes in total real estate for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||
Balance as of the beginning of the year | $ | 2,561,073 | $ | 2,227,764 | $ | 1,971,254 | |||||||||||||||||||||||||||||||||
Acquisitions | 410,732 | 308,229 | 239,403 | ||||||||||||||||||||||||||||||||||||
Additions | 33,109 | 27,787 | 18,761 | ||||||||||||||||||||||||||||||||||||
Dispositions | (51,382 | ) | (2,707 | ) | (1,654 | ) | |||||||||||||||||||||||||||||||||
Balance as of the end of the year (d) | $ | 2,953,532 | $ | 2,561,073 | $ | 2,227,764 | |||||||||||||||||||||||||||||||||
(d) | The balances as of December 31, 2014, 2013 and 2012 exclude gross lease intangibles of $419.3 million, $411.9 million and $352.9 million, respectively. | ||||||||||||||||||||||||||||||||||||||
(e) | The aggregate cost of our real estate for federal income tax purposes was $3.4 billion. | ||||||||||||||||||||||||||||||||||||||
(f) | The changes in accumulated depreciation for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||||||||||||||||||||||||
Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||
Balance as of the beginning of the year | $ | 308,173 | $ | 235,157 | $ | 164,783 | |||||||||||||||||||||||||||||||||
Additions | 87,854 | 75,656 | 72,028 | ||||||||||||||||||||||||||||||||||||
Dispositions | (12,061 | ) | (2,640 | ) | (1,654 | ) | |||||||||||||||||||||||||||||||||
Balance as of the end of the year (g) | $ | 383,966 | $ | 308,173 | $ | 235,157 | |||||||||||||||||||||||||||||||||
(g) | The balances as of December 31, 2014, 2013 and 2012 exclude accumulated amortization of lease intangibles of $166.0 million, $137.8 million and $114.0 million, respectively. | ||||||||||||||||||||||||||||||||||||||
(h) | Tenant improvements are depreciated over the shorter of the lease term or useful life, ranging from one month to 240 months, respectively. Furniture, fixtures and equipment are depreciated over five years. |
Schedule_IV_Mortgage_Loans_on_
Schedule IV - Mortgage Loans on Real Estate Assets | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Mortgage Loans on Real Estate [Abstract] | ||||||||||||
Schedule IV - Mortgage Loans on Real Estate Assets | HEALTHCARE TRUST OF AMERICA, INC. AND HEALTHCARE TRUST OF AMERICA HOLDINGS, LP | |||||||||||
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE ASSETS | ||||||||||||
The following shows changes in the carrying amounts of mortgage loans on real estate assets during the years ended December 31, 2014, 2013, and 2012 (in thousands): | ||||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Balance as of the beginning of the year | $ | 28,520 | $ | 20,000 | $ | 57,459 | ||||||
Additions: | ||||||||||||
New mortgage loans | 11,924 | 8,520 | — | |||||||||
Deductions: | ||||||||||||
Mortgage loan included in the consideration for the acquisition of a building | (11,924 | ) | — | (37,264 | ) | |||||||
Write-off of capitalized closing costs | — | — | (195 | ) | ||||||||
Collection of mortgage loans | (28,520 | ) | — | — | ||||||||
Balance as of the end of the year | $ | — | $ | 28,520 | $ | 20,000 | ||||||
***** |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation |
Our accompanying consolidated financial statements include our accounts and those of our subsidiaries and any consolidated VIEs. All inter-company balances and transactions have been eliminated in the accompanying consolidated financial statements. | |
Use of Estimates | Use of Estimates |
The preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. These estimates are made and evaluated on an ongoing basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates, perhaps in adverse ways, and those estimates could be different under different assumptions or conditions. | |
Cash and Cash Equivalents | Cash and Cash Equivalents |
Cash and cash equivalents consist of all highly liquid investments with a maturity of three months or less when purchased. | |
Restricted Cash | Restricted Cash |
Restricted cash is comprised of reserve accounts for property taxes, insurance, capital improvements and tenant improvements as well as collateral accounts for debt and interest rate swaps. | |
Revenue Recognition | Revenue Recognition, Tenant Receivables and Allowance for Uncollectible Accounts |
Minimum annual rental revenue is recognized on a straight-line basis over the term of the related lease (including rent holidays). Differences between rental income recognized and amount contractually due under the lease agreements are recorded to straight-line rent receivables. Tenant reimbursement revenue, which is comprised of additional amounts recoverable from tenants for common area maintenance expenses and certain other recoverable expenses, is recognized as revenue in the period in which the related expenses are incurred. Tenant reimbursements are recorded on a gross basis, as we are generally the primary obligor with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier, and have credit risk. We recognize lease termination fees when there is a signed termination letter agreement, all of the conditions of the agreement have been met, and the tenant is no longer occupying the property. Rental income is reported net of amortization of inducements. | |
Tenant Receivables and Allowance for Uncollectible Accounts | Tenant receivables and straight-line rent receivables are carried net of the allowances for uncollectible amounts. An allowance is maintained for estimated losses resulting from the inability of certain tenants to meet the contractual obligations under their leases. Such allowance is charged to bad debt expense which is included in general and administrative expense in our accompanying consolidated statements of operations. Our determination of the adequacy of these allowances is based primarily upon evaluations of historical loss experience, the tenant’s financial condition, security deposits, letters of credit, lease guarantees and current economic conditions and other relevant factors. |
Variable Interest Entities | Variable Interest Entities |
Our accounting policy is to consolidate entities in which we have a controlling financial interest and significant decision making control over the entities operations. We evaluate whether the entity is a VIE and, if so, whether we are the primary beneficiary. VIEs are entities in which the equity investors do not have sufficient equity at risk to finance their endeavors without additional financial support or that the holders of the equity investment at risk do not have a controlling financial interest. We are deemed to be the primary beneficiary of a VIE when we have the power to direct the activities of the VIE that most significantly impact the VIEs economic performance and the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. | |
During 2014, we made loans totaling $80.5 million to five entities to acquire MOBs in order to facilitate potential Internal Revenue Code Section 1031 tax-deferred exchanges (the “Exchange”). As of December 31, 2014, our consolidated financial statements included the five VIEs as we are deemed to be the primary beneficiary. We operate each of the MOBs and have all the risk and rewards of ownership. The VIEs will be terminated upon the completion or expiration of the Exchanges. | |
The assets of the VIEs primarily consist of real estate assets which have no restrictions on our use. We receive all the assets generated by the operating activities of the VIEs. | |
Real Estate Acquisitions | Real Estate Acquisitions |
With the assistance of independent valuation specialists, we record the purchase price of completed business acquisitions associated with tangible and intangible assets and liabilities based on their fair values. The tangible assets (land and building and improvements) are determined based upon the value of the property as if it were to be replaced or as if it were vacant using discounted cash flow models similar to those used by market participants. Factors considered by us include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. Additionally, the purchase price of the applicable completed acquisition property is inclusive of above or below market leases, above or below market leasehold interests, in place leases, tenant relationships, above or below market debt assumed, interest rate swaps assumed and any contingent consideration. | |
The value of above or below market leases is determined based upon the present value (using a discount rate which reflects the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be received pursuant to the lease over its remaining term and (ii) our estimate of the amounts that would be received using fair market rates over the remaining term of the lease including any bargain renewal periods. The amounts associated with above market leases are included in other intangibles, net in our accompanying consolidated balance sheets and amortized to rental income over the remaining non-cancelable lease term of the acquired lease. The amounts allocated to below market leases are included in intangible liabilities, net in our accompanying consolidated balance sheets and amortized to rental income over the remaining non-cancelable lease term plus any below market renewal options of the acquired lease. | |
The value associated with above or below market leasehold interests is determined based upon the present value (using a discount rate which reflects the risks associated with the acquired leases) of the difference between: (i) the contractual amounts to be paid pursuant to the lease over its remaining term; and (ii) our estimate of the amounts that would be paid using fair market rates over the remaining term of the lease including any bargain renewal periods. The amounts recorded for above market leasehold interests are included in intangible liabilities, net in our accompanying consolidated balance sheets and amortized to rental expense over the remaining non-cancelable lease term of the acquired lease. The amounts allocated to below market leasehold interests are included in other intangibles, net in our accompanying consolidated balance sheets and amortized to rental expense over the remaining non-cancelable lease term plus any below market renewal options of the acquired lease. | |
The total amount of other intangible assets includes in place leases and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with that respective tenant. Characteristics considered by us in allocating these values include the nature and extent of the credit quality and expectations of lease renewals, among other factors. The amounts recorded for in place leases are included in lease intangibles in our accompanying consolidated balance sheets and will be amortized to amortization expense over the remaining non-cancelable lease term of the acquired lease. The amounts recorded for tenant relationships are included in lease intangibles in our accompanying consolidated balance sheets and are amortized to amortization expense over the remaining non-cancelable lease term of the acquired lease. | |
The value recorded for above or below market debt is determined based upon the present value of the difference between the cash flow stream of the assumed mortgage and the cash flow stream of a market rate mortgage. The amounts recorded for above or below market debt are included in debt in our accompanying consolidated balance sheets and are amortized to interest expense over the remaining term of the assumed debt. | |
The value recorded for interest rate swaps is based upon a discounted cash flow analysis on the expected cash flows, taking into account interest rate curves and the period to maturity. See derivative financial instruments below for further discussion. | |
We record contingent consideration at fair value as of the acquisition date and reassess the fair value as of the end of each reporting period, with any changes being recognized in earnings. | |
Real Estate Investments | Real Estate Investments |
The cost of operating properties includes the cost of land and buildings and related improvements. Expenditures that increase the service life of properties are capitalized and the cost of maintenance and repairs is charged to expense as incurred. The cost of buildings is depreciated on a straight-line basis over the estimated useful lives of the buildings up to 39 years and for tenant improvements, the shorter of the lease term or useful life, ranging from one month to 240 months, respectively. Furniture, fixtures and equipment is depreciated over five years. | |
Real Estate Held for Sale | Real Estate Held for Sale |
We consider properties as held for sale once management commits to a plan to sell the property and has determined that the sale is probable and expected to occur within one year. Upon classification as held for sale, we record the property at the lower of its carrying amount or fair value, less costs to sell, and cease depreciation and amortization. The fair value is generally based on discounted cash flow analyses, which involve management’s best estimate of market participants’ holding period, market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods and capital requirements. | |
Recoverability of Real Estate Investments | Recoverability of Real Estate Investments |
Operating properties are evaluated for potential impairment whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. Impairment losses are recorded when indicators of impairment are present and the carrying amount of the asset is greater than the sum of the future undiscounted cash flows expected to be generated by that asset over the remaining expected hold period. We would recognize an impairment loss when the carrying amount is not recoverable to the extent the carrying amount exceeded the fair value of the property. The fair value is generally based on discounted cash flow analyses, which involve management’s best estimate of market participants’ holding periods, market comparables, future occupancy levels, rental rates, capitalization rates, lease-up periods and capital requirements. | |
Real Estate Notes Receivable | Real Estate Notes Receivable |
We evaluate the carrying values of real estate notes receivable on an individual basis. Management periodically evaluates the realizability of future cash flows from real estate notes receivable when events or circumstances, such as the non-receipt of principal and interest payments and/or significant deterioration of the financial condition of the borrower, indicate that the carrying amount of the real estate notes receivable may not be recoverable. An impairment loss is recognized in current period earnings and is calculated as the difference between the carrying amount of the real estate notes receivable and the discounted cash flows expected to be received, or if foreclosure is probable, the fair value of the collateral securing the real estate notes receivable. | |
Derivative Financial Instruments | Derivative Financial Instruments |
We are exposed to the effect of interest rate changes in the normal course of business. We seek to mitigate these risks by following established risk management policies and procedures which include the occasional use of derivatives. Our primary strategy in entering into derivative contracts is to add stability to interest expense and to manage our exposure to interest rate movements. We utilize derivative instruments, including interest rate swaps, to effectively convert a portion of our variable rate debt to fixed rate debt. We do not enter into derivative instruments for speculative purposes. | |
Derivatives are recognized as either assets or liabilities in our accompanying consolidated balance sheets and are measured at fair value. Since our derivative instruments are not designated as hedge instruments, they do not qualify for hedge accounting, and accordingly, changes in fair value are included as a component of interest expense in our accompanying consolidated statements of operations in the period of change. | |
The valuation of these instruments is determined with the assistance of an independent valuation specialist using a proprietary model that utilizes widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative and observable inputs. The proprietary model reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates and implied volatilities. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. | |
We incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of our derivative contracts for the effect of nonperformance risk, we have considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. | |
Fair Value Measurements | Fair Value Measurements |
Fair value is a market-based measurement and is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Financial assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows: | |
Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis. | |
Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active (markets with few transactions), inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data correlation or other means (market corroborated inputs). | |
Level 3 — Unobservable inputs, only used to the extent that observable inputs are not available, reflect our assumptions about the pricing of an asset or liability. | |
We use fair value measurements to record fair value of certain assets and to estimate fair value of financial instruments not recorded at fair value but required to be disclosed at fair value. | |
Receivables and Other Assets | Receivables and Other Assets |
Deferred financing costs include amounts paid to lenders and others to obtain financing and are amortized to interest expense on a straight-line basis over the term of the related loan which approximates the effective interest method. Deferred leasing costs are amounts incurred in executing a lease, both for external broker and marketing costs, plus a portion of internal leasing related costs. Deferred leasing costs are amortized on a straight-line basis method over the term of the applicable lease. Deferred leasing costs are included in operating activities in our accompanying consolidated statements of cash flows. | |
Share-Based Compensation | Share-Based Compensation |
We calculate the fair value of share-based awards on the date of grant. Restricted common stock is valued based on the closing price of our common stock on the NYSE. The LTIP units granted in 2012 were valued using a Monte Carlo simulation which took into account volatility, dividend yield, expected term, risk-free rate and stock price. We amortize the share-based compensation expense over the period that the awards are expected to vest, net of estimated forfeitures. | |
Noncontrolling Interests | Noncontrolling Interests |
HTA’s net income attributable to noncontrolling interests in the accompanying consolidated statements of operations relate to both noncontrolling interest reflected within equity and redeemable noncontrolling interests reflected outside of equity in the accompanying consolidated balance sheets. Limited partnership units, including LTIP awards, are accounted for as partners’ capital in HTALP’s accompanying consolidated balance sheets and as noncontrolling interest reflected within equity in HTA’s accompanying consolidated balance sheets. | |
Redeemable noncontrolling interests relate to the interests in our consolidated entities that are not wholly owned by us. As these redeemable noncontrolling interests provide for redemption features not solely within our control, we classify such interests outside of permanent equity or partners’ capital. Accordingly, we record the carrying amount at the greater of the initial carrying amount (increased or decreased for the noncontrolling interest’s share of net income or loss and distributions) or the redemption value. | |
Listing Expenses | Listing Expenses |
Listing expenses primarily included fees associated with the listing and share-based compensation expense associated with the LTIP awards that we granted in connection with the listing. | |
Non-Traded REIT Expenses | Non-Traded REIT Expenses |
Non-traded REIT expenses included stockholder services, including the printing and mailing of stockholder statements, the maintenance of an online investor portal and other significant mailings and promotional investor materials traditionally borne by an advisor, which we did not have. As a result of our individual stockholders transferring their shares of HTA stock to brokers as a result of the listing, we no longer incur these costs. Additionally, these expenses included share-based compensation expense attributable to our executives and Board of Directors. These related shares were accelerated pursuant to the listing and were applicable to past services relative to our non-traded REIT status. | |
Income Taxes | Income Taxes |
HTA believes that it has qualified to be taxed as a REIT under the provisions of the Code, beginning with the taxable year ending December 31, 2007 and it intends to continue to qualify to be taxed as a REIT. To continue to qualify as a REIT for federal income tax purposes, HTA must meet certain organizational and operational requirements, including a requirement to pay dividend distributions to its stockholders of at least 90% of its annual taxable income. As a REIT, HTA is generally not subject to federal income tax on net income that it distributes to its stockholders, but it may be subject to certain state or local taxes on its income and property. | |
If HTA fails to qualify as a REIT in any taxable year, it will then be subject to U.S. federal income taxes on our taxable income and will not be permitted to qualify for treatment as a REIT for U.S. federal income tax purposes for four years following the year during which qualification is lost unless the IRS grants it relief under certain statutory provisions. Such an event could have a material adverse effect on its business, financial condition, results of operations and net cash available for dividend distributions to its stockholders. | |
As discussed in Note 1, HTA conducts substantially all of its operations through HTALP. As a partnership, HTALP generally is not liable for federal income taxes. The income and loss from the operations of HTALP is included in the tax returns of its partners, including HTA, who are responsible for reporting their allocable share of the partnership income and loss. Accordingly, no provision for income taxes has been made on the accompanying consolidated financial statements. | |
We do not have any liability for uncertain tax positions that we believe should be recognized in our accompanying consolidated financial statements. | |
Concentration of Credit Risk | Concentration of Credit Risk |
We maintain the majority of our cash and cash equivalents at major financial institutions in the U.S. and deposits with these financial institutions may exceed the amount of insurance provided on such deposits; however, we regularly monitor the financial stability of these financial institutions and believe we are not currently exposed to any significant default risk with respect to these deposits. | |
Segment Disclosure | Segment Disclosure |
We have determined that we have one reportable segment, with activities related to investing in healthcare-related real estate assets. Our investments in healthcare-related real estate assets are geographically diversified and our chief operating decision maker evaluates operating performance on an individual asset level. As each of our assets has similar economic characteristics, long-term financial performance, tenants, and products and services, our assets have been aggregated into one reportable segment. | |
Recently Issued or Adopted Accounting Pronouncements | Recently Issued or Adopted Accounting Pronouncements |
In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360) which changes the requirements for reporting discontinued operations. ASU 2014-08 changes the threshold for disclosing discontinued operations and the related disclosure requirements. Pursuant to ASU 2014-08, only disposals representing a strategic shift, such as a major line of business, a major geographical area or majority equity investment, should be presented as a discontinued operation. If the disposal does qualify as a discontinued operation under ASU 2014-08, the entity will be required to provide expanded disclosures. The guidance will be applied prospectively to new disposals and new classifications of disposal groups held for sale after the effective date. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014 with early adoption permitted but only for disposals or classifications as held for sale which have not been reported in financial statements previously issued or available for issuance. We adopted ASU 2014-08 as of January 1, 2014 and generally believe future sales of our individual operating properties will no longer qualify as discontinued operations. None of our 2014 dispositions were classified as discontinued operations. | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration (i.e., payment) to which the company expects to be entitled in exchange for those goods or services. In adopting ASU 2014-09, companies may use either a full retrospective or a modified retrospective approach. ASU 2014-09 is effective for the first interim period within annual reporting periods beginning after December 15, 2016, and early adoption is not permitted. We are still evaluating the impact of adopting ASU 2014-09 on our financial statements. | |
In June 2014, the FASB issued ASU 2014-12, Compensation - Stock Compensation (Topic 718). ASU 2014-12 requires that a performance target requisite service period be treated as a performance condition and, as a result, this type of performance condition may delay expense recognition until achievement of the performance target is probable. ASU 2014-12 is effective for reporting periods beginning after December 15, 2015, and early adoption is permitted. We will adopt ASU 2014-12 effective January 1, 2016 and it is not anticipated to have a material impact on our financial statements. |
Business_Combinations_Tables
Business Combinations (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Pro Forma Information | The following unaudited pro forma consolidated results of operations of HTA for the years ended December 31, 2014 and 2013, assumes that all 2014 acquisitions occurred on January 1, 2013 and excludes $6.3 million of acquisition-related expenses (in thousands, except per share data): | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Revenues | $ | 399,500 | $ | 365,064 | ||||||||
Net income attributable to common stockholders | 56,290 | 31,915 | ||||||||||
Net income per share attributable to common stockholders - basic (1) | $ | 0.45 | $ | 0.27 | ||||||||
Net income per share attributable to common stockholders - diluted (1) | 0.44 | 0.26 | ||||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTA for the years ended December 31, 2013 and 2012, assumes that all 2013 acquisitions occurred on January 1, 2012 and excludes $4.8 million of acquisition-related expenses (in thousands, except per share data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | |||||||||||
Revenues | $ | 351,515 | $ | 344,919 | ||||||||
Net income (loss) attributable to common stockholders | 28,017 | (25,294 | ) | |||||||||
Net income (loss) per share attributable to common stockholders - basic (1) | $ | 0.24 | $ | (0.21 | ) | |||||||
Net income (loss) per share attributable to common stockholders - diluted (1) | 0.23 | (0.21 | ) | |||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTA for the year ended December 31, 2012 assumes that all 2012 acquisitions occurred on January 1, 2012 and excludes $3.0 million of acquisition-related expenses (in thousands, except per share data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2012 | ||||||||||||
Revenues | $ | 308,684 | ||||||||||
Net loss attributable to common stockholders | (21,928 | ) | ||||||||||
Net loss per share attributable to common stockholders - basic (1) | $ | (0.20 | ) | |||||||||
Net loss per share attributable to common stockholders - diluted (1) | (0.20 | ) | ||||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
Schedule of Purchase Price Allocation | Since the acquisitions were determined to be individually not significant, but significant on a collective basis, the allocations for the 2014 acquisitions are set forth below in the aggregate (in thousands): | |||||||||||
2014 Acquisitions | Total | |||||||||||
Land | $ | 85,442 | ||||||||||
Building and improvements | 325,290 | |||||||||||
Below market leasehold interests, net | 1,625 | |||||||||||
Above market leases | 2,325 | |||||||||||
In place leases | 31,437 | |||||||||||
Below market leases | (2,218 | ) | ||||||||||
Above market debt, net | (3,766 | ) | ||||||||||
Net assets acquired | 440,135 | |||||||||||
Other, net | (605 | ) | ||||||||||
Aggregate purchase price | $ | 439,530 | ||||||||||
The acquisitions completed during the year ended December 31, 2013 were determined to be individually not significant, but significant on a collective basis. The allocations for these acquisitions are set forth below in the aggregate (in thousands): | ||||||||||||
2013 Acquisitions | Total | |||||||||||
Land | $ | 16,192 | ||||||||||
Building and improvements | 292,037 | |||||||||||
Below market leasehold interests | 10,317 | |||||||||||
Above market leases | 2,999 | |||||||||||
In place leases | 52,845 | |||||||||||
Tenant relationships | 25,119 | |||||||||||
Below market leases | (2,104 | ) | ||||||||||
Above market debt | (694 | ) | ||||||||||
Interest rate swap | (2,600 | ) | ||||||||||
Net assets acquired | 394,111 | |||||||||||
Other, net | 3,715 | |||||||||||
Aggregate purchase price | $ | 397,826 | ||||||||||
Business Combination, Revenues and Gains Since Acquisition | We recognized the following revenues and net income for the years ended December 31, 2014, 2013 and 2012 related to the acquisitions in 2014, 2013 and 2012 (in thousands): | |||||||||||
2014 Acquisitions | 2013 Acquisitions | 2012 Acquisitions | ||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
31-Dec-14 | 31-Dec-13 | 31-Dec-12 | ||||||||||
Revenues | $ | 15,528 | $ | 15,361 | $ | 26,717 | ||||||
Net income | 3,161 | 206 | 7,537 | |||||||||
Healthcare Trust of America Holdings, LP (HTALP) | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Pro Forma Information | The following unaudited pro forma consolidated results of operations of HTALP for the years ended December 31, 2014 and 2013, assumes that all 2014 acquisitions occurred on January 1, 2013 and excludes $6.3 million of acquisition-related expenses (in thousands, except per unit data): | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | |||||||||||
Revenues | $ | 399,500 | $ | 365,064 | ||||||||
Net income attributable to common unitholders | 56,780 | 32,287 | ||||||||||
Net income per unit attributable to common unitholders - basic (1) | $ | 0.45 | $ | 0.26 | ||||||||
Net income per unit attributable to common unitholders - diluted (1) | 0.45 | 0.26 | ||||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTALP for the years ended December 31, 2013 and 2012, assumes that all 2013 acquisitions occurred on January 1, 2012 and excludes $4.8 million of acquisition-related expenses (in thousands, except per unit data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2013 | 2012 | |||||||||||
Revenues | $ | 351,515 | $ | 344,919 | ||||||||
Net income (loss) attributable to common unitholders | 28,389 | (25,278 | ) | |||||||||
Net income (loss) per unit attributable to common unitholders - basic (1) | $ | 0.24 | $ | (0.21 | ) | |||||||
Net income (loss) per unit attributable to common unitholders - diluted (1) | 0.24 | (0.21 | ) | |||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||
The following unaudited pro forma consolidated results of operations of HTALP for the year ended December 31, 2012 assumes that all 2012 acquisitions occurred on January 1, 2012 and excludes $3.0 million of acquisition-related expenses (in thousands, except per unit data): | ||||||||||||
Year Ended December 31, | ||||||||||||
2012 | ||||||||||||
Revenues | $ | 308,684 | ||||||||||
Net loss attributable to common unitholders | (21,912 | ) | ||||||||||
Net loss per unit attributable to common unitholders - basic (1) | $ | (0.20 | ) | |||||||||
Net loss per unit attributable to common unitholders - diluted (1) | (0.20 | ) | ||||||||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Intangibles_Assets_and_Liabili1
Intangibles Assets and Liabilities (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2014 | ||||||||||||||
Identified Intangibles, Net [Abstract] | ||||||||||||||
Schedule of Identified Intangible Assets and Liabilities, Net | Intangible assets and liabilities consisted of the following as of December 31, 2014 and 2013 (in thousands, except weighted average remaining amortization period): | |||||||||||||
December 31, 2014 | December 31, 2013 | |||||||||||||
Balance | Weighted Average Remaining Amortization Period in Years | Balance | Weighted Average Remaining Amortization Period in Years | Balance Sheet Classification | ||||||||||
Assets: | ||||||||||||||
In place leases | $ | 231,370 | 8.8 | $ | 213,338 | 8.8 | Lease intangibles | |||||||
Tenant relationships | 187,918 | 10.3 | 198,519 | 10.5 | Lease intangibles | |||||||||
Above market leases | 26,676 | 5.5 | 26,799 | 6.3 | Other intangibles, net | |||||||||
Below market leasehold interests | 32,950 | 67.3 | 37,640 | 68.9 | Other intangibles, net | |||||||||
478,914 | 476,296 | |||||||||||||
Accumulated amortization | (182,149 | ) | (151,860 | ) | ||||||||||
Total | $ | 296,765 | 15.2 | $ | 324,436 | 15.9 | ||||||||
Liabilities: | ||||||||||||||
Below market leases | $ | 14,188 | 11.5 | $ | 13,989 | 12.4 | Intangible liabilities, net | |||||||
Above market leasehold interests | 3,857 | 32.1 | 3,827 | 33.1 | Intangible liabilities, net | |||||||||
18,045 | 17,816 | |||||||||||||
Accumulated amortization | (5,620 | ) | (6,019 | ) | ||||||||||
Total | $ | 12,425 | 17.1 | $ | 11,797 | 18.4 | ||||||||
Summary of Intangible Asset and Liabilities Amortization | The following is a summary of the net intangible amortization for the years ended December 31, 2014, 2013 and 2012 (in thousands): | |||||||||||||
Year Ended December 31, | ||||||||||||||
2014 | 2013 | 2012 | ||||||||||||
Amortization recorded against rental income related to above or below market leases | $ | 2,096 | $ | 1,772 | $ | 1,682 | ||||||||
Rental expense related to above or below market leasehold interests | 457 | 346 | 521 | |||||||||||
Amortization expense related to in place leases and tenant relationships | 48,465 | 42,878 | 41,991 | |||||||||||
Schedule of Finite-Lived Intangible Assets and Liabilities, Future Amortization Expense | As of December 31, 2014, the amortization of intangible assets and liabilities is as follows (in thousands): | |||||||||||||
Year | Assets | Liabilities | ||||||||||||
2015 | $ | 48,513 | $ | 1,590 | ||||||||||
2016 | 42,117 | 1,359 | ||||||||||||
2017 | 35,799 | 1,071 | ||||||||||||
2018 | 29,575 | 1,002 | ||||||||||||
2019 | 25,325 | 902 | ||||||||||||
Thereafter | 115,436 | 6,501 | ||||||||||||
Total | $ | 296,765 | $ | 12,425 | ||||||||||
Receivables_and_Other_Assets_T
Receivables and Other Assets (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Receivables and Other Assets [Abstract] | ||||||||||||
Schedule of Receivables and Other Assets | Receivables and other assets consisted of the following as of December 31, 2014 and 2013 (in thousands): | |||||||||||
December 31, 2014 | December 31, 2013 | |||||||||||
Accounts receivables, net | $ | 16,468 | $ | 16,254 | ||||||||
Other receivables | 10,639 | 9,767 | ||||||||||
Deferred financing costs, net | 16,929 | 10,921 | ||||||||||
Deferred leasing costs, net | 17,281 | 13,500 | ||||||||||
Straight-line rent receivables, net | 56,433 | 47,317 | ||||||||||
Prepaid expenses, deposits, equipment and other, net | 24,642 | 7,453 | ||||||||||
Derivative financial instruments - interest rate swaps | 1,714 | 5,073 | ||||||||||
Total | $ | 144,106 | $ | 110,285 | ||||||||
Schedule of Receivables and Other Assets Amortization Expense | The following is a summary of amortization of deferred leasing costs and deferred financing costs for the years ended December 31, 2014, 2013 and 2012 (in thousands): | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Amortization expense related to deferred leasing costs | $ | 3,319 | $ | 2,654 | $ | 1,868 | ||||||
Interest expense related to deferred financing costs | 3,891 | 3,891 | 3,915 | |||||||||
Schedule of Other Assets, Future Amortization Expense | As of December 31, 2014, the amortization of deferred leasing costs and deferred financing costs is as follows (in thousands): | |||||||||||
Year | Amount | |||||||||||
2015 | $ | 6,716 | ||||||||||
2016 | 6,253 | |||||||||||
2017 | 5,635 | |||||||||||
2018 | 4,723 | |||||||||||
2019 | 4,212 | |||||||||||
Thereafter | 6,671 | |||||||||||
Total | $ | 34,210 | ||||||||||
Debt_Tables
Debt (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Debt Disclosure [Abstract] | |||||||||
Schedule of Debt | Debt consisted of the following as of December 31, 2014 and 2013 (in thousands): | ||||||||
December 31, 2014 | December 31, 2013 | ||||||||
Unsecured revolving credit facility | $ | 36,000 | $ | 55,000 | |||||
Unsecured term loans | 355,000 | 455,000 | |||||||
Unsecured senior notes | 600,000 | 300,000 | |||||||
Fixed rate mortgages | 392,399 | 373,751 | |||||||
Variable rate mortgages | 29,474 | 29,925 | |||||||
1,412,873 | 1,213,676 | ||||||||
Net premium (discount) | (412 | ) | 565 | ||||||
Total | $ | 1,412,461 | $ | 1,214,241 | |||||
Schedule of Maturities of Long-term Debt | The following table summarizes the debt maturities and scheduled principal repayments as of December 31, 2014 (in thousands): | ||||||||
Year | Amount | ||||||||
2015 | $ | 73,857 | |||||||
2016 | 70,050 | ||||||||
2017 | 117,046 | ||||||||
2018 | 14,879 | ||||||||
2019 | 364,818 | ||||||||
Thereafter | 772,223 | ||||||||
Total | $ | 1,412,873 | |||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||||
Derivative Financial Instruments | The following table lists the derivative financial instrument assets and (liabilities) held by us as of December 31, 2014 (in thousands): | |||||||||||||||||||||||
Notional Amount | Index | Rate | Fair Value | Instrument | Maturity | |||||||||||||||||||
$ | 100,000 | LIBOR | 0.86 | % | $ | (443 | ) | Swap | 6/15/16 | |||||||||||||||
50,000 | LIBOR | 1.39 | 317 | Swap | 7/17/19 | |||||||||||||||||||
105,000 | LIBOR | 1.24 | 1,397 | Swap | 7/17/19 | |||||||||||||||||||
26,874 | LIBOR | 4.98 | (2,445 | ) | Swap | 5/1/20 | ||||||||||||||||||
The following table lists the derivative financial instrument assets and (liabilities) held by us as of December 31, 2013 (in thousands): | ||||||||||||||||||||||||
Notional Amount | Index | Rate | Fair Value | Instrument | Maturity | |||||||||||||||||||
$ | 200,000 | (a) | LIBOR | 1.23 | % | $ | (2,078 | ) | Swap | 3/29/17 | ||||||||||||||
100,000 | LIBOR | 0.86 | (729 | ) | Swap | 6/15/16 | ||||||||||||||||||
50,000 | LIBOR | 1.39 | 1,350 | Swap | 7/17/19 | |||||||||||||||||||
105,000 | LIBOR | 1.24 | 3,723 | Swap | 7/17/19 | |||||||||||||||||||
27,618 | LIBOR | 4.98 | (2,246 | ) | Swap | 5/1/20 | ||||||||||||||||||
(a) We terminated the interest rate swap in December 2014. | ||||||||||||||||||||||||
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location | As of December 31, 2014 and 2013, the gross fair value of our derivative financial instruments was as follows (in thousands): | |||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | |||||||||||||||||||||||
Fair Value | Fair Value | |||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments: | Balance Sheet | 31-Dec-14 | 31-Dec-13 | Balance Sheet | 31-Dec-14 | 31-Dec-13 | ||||||||||||||||||
Location | Location | |||||||||||||||||||||||
Interest rate swaps | Receivables and other assets | $ | 1,714 | $ | 5,073 | Derivative financial instruments | $ | 2,888 | $ | 5,053 | ||||||||||||||
There were no derivatives offset in our accompanying consolidated balance sheets as of December 31, 2014 and 2013. As of December 31, 2014 and 2013, we had derivatives subject to enforceable master netting arrangements which allowed for net cash settlement with the respective counterparties (in thousands): | ||||||||||||||||||||||||
31-Dec-14 | 31-Dec-13 | |||||||||||||||||||||||
Gross Amounts | Amounts Subject to Enforceable Master Netting Arrangements | Net Amounts | Gross Amounts | Amounts Subject to Enforceable Master Netting Arrangements | Net Amounts | |||||||||||||||||||
Asset derivatives | $ | 1,714 | $ | — | $ | 1,714 | $ | 5,073 | $ | (2,078 | ) | $ | 2,995 | |||||||||||
Liability derivatives | 2,888 | — | 2,888 | 5,053 | (2,078 | ) | 2,975 | |||||||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Schedule of Future Minimum Rental Payments for Operating Leases | Future minimum lease obligations under non-cancelable ground leases and other operating leases as of December 31, 2014 is as follows (in thousands): | ||||
Year | Amount | ||||
2015 | $ | 4,826 | |||
2016 | 4,816 | ||||
2017 | 4,914 | ||||
2018 | 4,919 | ||||
2019 | 4,969 | ||||
Thereafter | 303,097 | ||||
Total | $ | 327,541 | |||
Stockholders_Equity_and_Partne1
Stockholders' Equity and Partners' Capital (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Class of Stock [Line Items] | |||||||
Schedule of Valuation Assumptions Used | With the assistance of our independent valuation specialists, we utilized a Monte Carlo simulation to calculate the 2012 weighted average granted date fair value of $12.50 per unit using the following assumptions, after giving effect to the Reverse Stock Split: | ||||||
Volatility | 21.25% - 22.64% | ||||||
Dividend yield | 5.8 | % | |||||
Expected term in years | 0.61 - 0.82 | ||||||
Risk-free rate | 0.436% - 0.576% | ||||||
Stock price (per share) | $19.84 - $19.94 | ||||||
LTIP Units | |||||||
Class of Stock [Line Items] | |||||||
Schedule of Nonvested Share Activity | The following is a summary of the activity in our LTIP units during 2014, after giving effect to the Reverse Stock Split: | ||||||
LTIP Units | Weighted | ||||||
Average Grant | |||||||
Date Fair Value | |||||||
Balance as of December 31, 2013 | 258,250 | $ | 18.86 | ||||
Granted | — | — | |||||
Vested | (30,240 | ) | 11.07 | ||||
Forfeited | (3,010 | ) | 11.24 | ||||
Balance as of December 31, 2014 | 225,000 | $ | 20 | ||||
Restricted Stock | |||||||
Class of Stock [Line Items] | |||||||
Schedule of Nonvested Share Activity | The following is a summary of the activity in our restricted common stock during 2014, after giving effect to the Reverse Stock Split: | ||||||
Restricted Common Stock | Weighted | ||||||
Average Grant | |||||||
Date Fair Value | |||||||
Balance as of December 31, 2013 | 320,500 | $ | 20.68 | ||||
Granted | 292,100 | 21.08 | |||||
Vested | (120,500 | ) | 20.93 | ||||
Forfeited | (29,050 | ) | 20.28 | ||||
Balance as of December 31, 2014 | 463,050 | $ | 20.9 | ||||
Fair_Value_of_Financial_Instru1
Fair Value of Financial Instruments (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2014, aggregated by the applicable Level in the fair value hierarchy (in thousands): | |||||||||||||||||
Quoted Prices in | Significant Other | Significant | Total | |||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | ||||||||||||||||
and Liabilities | ||||||||||||||||||
(Level 1 ) | ||||||||||||||||||
Assets: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 1,714 | $ | — | $ | 1,714 | ||||||||||
Liabilities: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 2,888 | $ | — | $ | 2,888 | ||||||||||
The table below presents our assets and liabilities measured at fair value on a recurring basis as of December 31, 2013, aggregated by the applicable Level in the fair value hierarchy (in thousands): | ||||||||||||||||||
Quoted Prices in | Significant Other | Significant | Total | |||||||||||||||
Active Markets for | Observable Inputs | Unobservable Inputs | ||||||||||||||||
Identical Assets | (Level 2) | (Level 3) | ||||||||||||||||
and Liabilities | ||||||||||||||||||
(Level 1 ) | ||||||||||||||||||
Assets: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 5,073 | $ | — | $ | 5,073 | ||||||||||
Liabilities: | ||||||||||||||||||
Derivative financial instruments | $ | — | $ | 5,053 | $ | — | $ | 5,053 | ||||||||||
Schedule of Fair Value of Financial Instruments | The following table sets forth the carrying value and fair value of our real estate notes receivable and debt (in thousands): | |||||||||||||||||
December 31, 2014 | December 31, 2013 | |||||||||||||||||
Fair Value Level | Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||
Real estate notes receivable | 2 | $ | — | $ | — | $ | 28,520 | $ | 28,520 | |||||||||
Debt | 2 | 1,412,461 | 1,447,432 | 1,214,241 | 1,237,699 | |||||||||||||
Per_Share_Data_of_HTA_Tables
Per Share Data of HTA (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Earnings Per Share [Abstract] | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted | The following is the reconciliation of the numerator and denominator used in basic and diluted earnings (losses) per share of HTA common stock for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per share data): | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Numerator: | ||||||||||||
Net income (loss) | $ | 45,994 | $ | 24,684 | $ | (24,368 | ) | |||||
Net income attributable to noncontrolling interests | (623 | ) | (423 | ) | (56 | ) | ||||||
Net income (loss) attributable to common stockholders | $ | 45,371 | $ | 24,261 | $ | (24,424 | ) | |||||
Denominator: (1) | ||||||||||||
Weighted average number of shares outstanding - basic | 119,904 | 114,038 | 111,357 | |||||||||
Dilutive shares | 1,264 | 932 | — | |||||||||
Weighted average number of shares outstanding - diluted | 121,168 | 114,970 | 111,357 | |||||||||
Earnings (losses) per common share - basic (1) | ||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.38 | $ | 0.21 | $ | (0.22 | ) | |||||
Earnings (losses) per common share - diluted (1) | ||||||||||||
Net income (loss) attributable to common stockholders | $ | 0.37 | $ | 0.21 | $ | (0.22 | ) | |||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Per_Unit_Data_of_HTALP_Tables
Per Unit Data of HTALP (Tables) (Healthcare Trust of America Holdings, LP (HTALP)) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Healthcare Trust of America Holdings, LP (HTALP) | ||||||||||||
Earnings Per Share | ||||||||||||
Schedule of Earnings Per Unit, Basic and Diluted | The following is the reconciliation of the numerator and denominator used in basic and diluted earnings (losses) per unit of HTALP for the years ended December 31, 2014, 2013 and 2012 (in thousands, except per unit data): | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Numerator: | ||||||||||||
Net income (loss) | $ | 45,994 | $ | 24,684 | $ | (24,368 | ) | |||||
Net income attributable to noncontrolling interests | (133 | ) | (51 | ) | (40 | ) | ||||||
Net income (loss) attributable to common unitholders | $ | 45,861 | $ | 24,633 | $ | (24,408 | ) | |||||
Denominator: (1) | ||||||||||||
Weighted average number of units outstanding - basic | 121,340 | 115,565 | 112,341 | |||||||||
Dilutive units | — | — | — | |||||||||
Weighted average number of units outstanding - diluted | 121,340 | 115,565 | 112,341 | |||||||||
Earnings (losses) per common unit - basic: (1) | ||||||||||||
Net income (loss) attributable to common unitholders | $ | 0.38 | $ | 0.21 | $ | (0.22 | ) | |||||
Earnings (losses) per common unit - diluted: (1) | ||||||||||||
Net income (loss) attributable to common unitholders | $ | 0.38 | $ | 0.21 | $ | (0.22 | ) | |||||
(1) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2014 | ||||||||||||
Supplemental Cash Flow Elements [Abstract] | ||||||||||||
Schedule of Cash Flow, Supplemental Disclosures | The following is the supplemental cash flow information for the years ended December 31, 2014, 2013 and 2012 (in thousands): | |||||||||||
Year Ended December 31, | ||||||||||||
2014 | 2013 | 2012 | ||||||||||
Interest paid | $ | 42,666 | $ | 41,460 | $ | 38,560 | ||||||
Income taxes paid | 889 | 669 | 1,090 | |||||||||
Supplemental Disclosure of Noncash Activities: | ||||||||||||
Investing Activities: | ||||||||||||
Accrued capital expenditures | $ | 3,853 | $ | 1,783 | $ | 1,575 | ||||||
Note receivable included in the consideration of an acquisition | 11,924 | — | 37,264 | |||||||||
The following represents the significant increase (decrease) in certain assets and liabilities in connection with our acquisitions: | ||||||||||||
Debt and interest rate swaps | $ | 103,980 | $ | 55,977 | $ | — | ||||||
Financing Activities: | ||||||||||||
Issuances under DRIP | $ | — | $ | — | $ | 31,916 | ||||||
Dividend distributions declared, but not paid | 36,275 | 34,177 | 30,959 | |||||||||
Issuance of operating partnership units in connection with acquisitions | 16,960 | — | — | |||||||||
Tax_Treatment_of_Dividends_of_1
Tax Treatment of Dividends of HTA (Unaudited) (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Income Tax Disclosure [Abstract] | ||||||||||
Summary of Tax Treatment of Distributions | The following is the income tax treatment of dividend distributions for the years ended December 31, 2014, 2013 and 2012: | |||||||||
Year Ended December 31, | ||||||||||
2014 | 2013 | 2012 | ||||||||
Ordinary income | 59.31 | % | 62.02 | % | 46.93 | % | ||||
Return of capital | 40.69 | 37.83 | 53.07 | |||||||
Capital gain | 0 | 0.15 | 0 | |||||||
Total | 100 | % | 100 | % | 100 | % |
Future_Minimum_Rent_Tables
Future Minimum Rent (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Leases [Abstract] | |||||
Schedule of Future Minimum Rental Income for Operating Leases | Future minimum rent contractually due under operating leases, excluding tenant reimbursements of certain costs, as of December 31, 2014 is as follows (in thousands): | ||||
Year | Amount | ||||
2015 | $ | 306,490 | |||
2016 | 289,901 | ||||
2017 | 263,335 | ||||
2018 | 227,272 | ||||
2019 | 201,748 | ||||
Thereafter | 827,474 | ||||
Total | $ | 2,116,220 | |||
Selected_Quarterly_Financial_D2
Selected Quarterly Financial Data of HTA (Unaudited) (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ||||||||||||||||||
Schedule of Quarterly Financial Information | Set forth below is the unaudited selected quarterly financial data of HTA for 2014 and 2013. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per share data). | |||||||||||||||||
Quarter Ended (1) | ||||||||||||||||||
2014 | 31-Mar | 30-Jun | September 30 (2) | December 31 (2) | ||||||||||||||
Revenues | $ | 91,304 | $ | 89,671 | $ | 95,534 | $ | 94,996 | ||||||||||
Net income | 5,434 | 2,883 | 16,220 | 21,457 | ||||||||||||||
Net income attributable to common stockholders | 5,292 | 2,855 | 16,032 | 21,192 | ||||||||||||||
Earnings per common share - basic: (3) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
Earnings per common share - diluted: (3) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The increase in net income is due to the gain on sales of real estate. | ||||||||||||||||||
(3) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||||||||
Quarter Ended (1)(2) | ||||||||||||||||||
2013 | 31-Mar | June 30 (3) | 30-Sep | 31-Dec | ||||||||||||||
Revenues | $ | 76,861 | $ | 77,624 | $ | 82,984 | $ | 84,132 | ||||||||||
Net income | 1,384 | 14,233 | 5,005 | 4,062 | ||||||||||||||
Net income attributable to common stockholders | 1,351 | 14,025 | 4,823 | 4,062 | ||||||||||||||
Earnings per common share - basic: (4) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
Earnings per common share - diluted: (4) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2013 as a result of discontinued operations of one property classified as held for sale during 2013 that was reclassified to continuing operations during 2014. | ||||||||||||||||||
(3) The increase in net income related to the gains on derivative financial instruments. | ||||||||||||||||||
(4) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Selected_Quarterly_Financial_D3
Selected Quarterly Financial Data of HTALP (Unaudited) (Tables) | 12 Months Ended | |||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||
Selected Quarterly Financial Data [Line Items] | ||||||||||||||||||
Schedule of Quarterly Financial Information | Set forth below is the unaudited selected quarterly financial data of HTA for 2014 and 2013. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per share data). | |||||||||||||||||
Quarter Ended (1) | ||||||||||||||||||
2014 | 31-Mar | 30-Jun | September 30 (2) | December 31 (2) | ||||||||||||||
Revenues | $ | 91,304 | $ | 89,671 | $ | 95,534 | $ | 94,996 | ||||||||||
Net income | 5,434 | 2,883 | 16,220 | 21,457 | ||||||||||||||
Net income attributable to common stockholders | 5,292 | 2,855 | 16,032 | 21,192 | ||||||||||||||
Earnings per common share - basic: (3) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
Earnings per common share - diluted: (3) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The increase in net income is due to the gain on sales of real estate. | ||||||||||||||||||
(3) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||||||||
Quarter Ended (1)(2) | ||||||||||||||||||
2013 | 31-Mar | June 30 (3) | 30-Sep | 31-Dec | ||||||||||||||
Revenues | $ | 76,861 | $ | 77,624 | $ | 82,984 | $ | 84,132 | ||||||||||
Net income | 1,384 | 14,233 | 5,005 | 4,062 | ||||||||||||||
Net income attributable to common stockholders | 1,351 | 14,025 | 4,823 | 4,062 | ||||||||||||||
Earnings per common share - basic: (4) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
Earnings per common share - diluted: (4) | ||||||||||||||||||
Net income attributable to common stockholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2013 as a result of discontinued operations of one property classified as held for sale during 2013 that was reclassified to continuing operations during 2014. | ||||||||||||||||||
(3) The increase in net income related to the gains on derivative financial instruments. | ||||||||||||||||||
(4) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||||||||
Healthcare Trust of America Holdings, LP (HTALP) | ||||||||||||||||||
Selected Quarterly Financial Data [Line Items] | ||||||||||||||||||
Schedule of Quarterly Financial Information | Set forth below is the unaudited selected quarterly financial data of HTALP for 2014 and 2013. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included (in thousands, except per unit data). | |||||||||||||||||
Quarter Ended (1) | ||||||||||||||||||
2014 | 31-Mar | 30-Jun | September 30 (2) | December 31 (2) | ||||||||||||||
Revenues | $ | 91,304 | $ | 89,671 | $ | 95,534 | $ | 94,996 | ||||||||||
Net income | 5,434 | 2,883 | 16,220 | 21,457 | ||||||||||||||
Net income attributable to common unitholders | 5,396 | 2,843 | 16,192 | 21,430 | ||||||||||||||
Earnings per common unit - basic: (3) | ||||||||||||||||||
Net income attributable to common unitholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
Earnings per common unit - diluted: (3) | ||||||||||||||||||
Net income attributable to common unitholders | $ | 0.04 | $ | 0.02 | $ | 0.13 | $ | 0.17 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The increase in net income is due to the gain on sales of real estate. | ||||||||||||||||||
(3) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. | ||||||||||||||||||
Quarter Ended (1)(2) | ||||||||||||||||||
2013 | 31-Mar | June 30 (3) | 30-Sep | 31-Dec | ||||||||||||||
Revenues | $ | 76,861 | $ | 77,624 | $ | 82,984 | $ | 84,132 | ||||||||||
Net income | 1,384 | 14,233 | 5,005 | 4,062 | ||||||||||||||
Net income attributable to common unitholders | 1,359 | 14,228 | 4,996 | 4,050 | ||||||||||||||
Earnings per common unit - basic: (4) | ||||||||||||||||||
Net income attributable to common unitholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
Earnings per common unit - diluted: (4) | ||||||||||||||||||
Net income attributable to common unitholders | $ | 0.01 | $ | 0.12 | $ | 0.04 | $ | 0.03 | ||||||||||
(1) The sum of the individual quarterly amounts may not agree to the annual amounts included in the accompanying consolidated statements of operations due to rounding. | ||||||||||||||||||
(2) The quarterly amounts differ from the previously reported amounts in our Annual Report on Form 10-K for the year ended December 31, 2013 as a result of discontinued operations of one property classified as held for sale during 2013 that was reclassified to continuing operations during 2014. | ||||||||||||||||||
(3) The increase in net income related to the gains on derivative financial instruments. | ||||||||||||||||||
(4) Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Organization_and_Description_o1
Organization and Description of Business (Details) (USD $) | 0 Months Ended | 12 Months Ended |
In Billions, unless otherwise specified | Dec. 15, 2014 | Dec. 31, 2014 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
General partnership interest percentage | 98.50% | |
Purchased property inception to current date | $3.30 | |
Reverse stock split conversion ratio | 0.5 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
segment | |||
entity | |||
Accounting Policies [Line Items] | |||
Allowance for doubtful accounts receivable | $2,000,000 | $2,100,000 | $2,200,000 |
Bad debt expense | 312,000 | 453,000 | 1,064,000 |
VIEs, Loans receivable | 80,500,000 | ||
Number of VIEs | 5 | ||
VIEs, maximum risk of loss | 80,500,000 | ||
Real estate held for sale, period of sale | 1 year | ||
Impairment of real estate | 0 | 0 | 0 |
Impairment of real estate notes receivable | 0 | 0 | 0 |
Assets net tax basis in excess of carrying value | 294,800,000 | ||
Cash uninsured amount | 16,600,000 | ||
Number of reportable segments | 1 | ||
Minimum | |||
Accounting Policies [Line Items] | |||
Percentage of income required to be distributed as dividends | 90.00% | ||
Building | |||
Accounting Policies [Line Items] | |||
Property, plant and equipment useful life | 39 years | ||
Building and Improvements | |||
Accounting Policies [Line Items] | |||
Depreciation expense | $87,900,000 | $75,600,000 | $72,000,000 |
Tenant Improvements | Minimum | |||
Accounting Policies [Line Items] | |||
Property, plant and equipment useful life | 1 month | ||
Tenant Improvements | Maximum | |||
Accounting Policies [Line Items] | |||
Property, plant and equipment useful life | 240 months | ||
Furniture, Fixtures and Equipment | |||
Accounting Policies [Line Items] | |||
Property, plant and equipment useful life | 5 years |
Business_Combinations_Acqusiti
Business Combinations - Acqusitions (Details) (USD $) | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||
Dec. 31, 2014 | Jun. 30, 2014 | Aug. 31, 2014 | Sep. 30, 2014 | Nov. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
2014 Acquisitions | |||||||
Business Acquisition [Line Items] | |||||||
Closing costs | $6,300,000 | ||||||
Mortgage loans assumed | 107,700,000 | 107,700,000 | |||||
Number of shares issued | 692,234 | ||||||
Equity interest issued | 17,000,000 | ||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Land | 85,442,000 | 85,442,000 | |||||
Building and improvements | 325,290,000 | 325,290,000 | |||||
Below market leasehold interests | 1,625,000 | 1,625,000 | |||||
Above market leases | 2,325,000 | 2,325,000 | |||||
In place leases | 31,437,000 | 31,437,000 | |||||
Below market leases | -2,218,000 | -2,218,000 | |||||
Above market debt, net | -3,766,000 | -3,766,000 | |||||
Net assets acquired | 440,135,000 | 440,135,000 | |||||
Other, net | -605,000 | -605,000 | |||||
Aggregate purchase price | 439,530,000 | ||||||
Weighted average lives of acquired intangible assets | 10 years 10 months 2 days | ||||||
Weighted average lives of acquired intangible liabilities | 8 years 3 months 22 days | ||||||
Medical Office Buildings in Boston, MA, Miami, FL and Baltimore, MD | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 200,000,000 | ||||||
Medical Office Building in Raleigh, North Carolina | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 11,500,000 | ||||||
Medical Office Buildings in White Plains, New York | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 64,000,000 | ||||||
Medical Office Building in Charleston, South Carolina | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 24,800,000 | ||||||
Medical Office Building in Tampa, Florida | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 17,300,000 | ||||||
Medical Office Building, Honolulu, Hawaii | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 17,300,000 | ||||||
Medical Office Building, Charleston, South Carolina, A | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 9,400,000 | ||||||
Medical Office Building, Denver, Colorado | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 36,600,000 | ||||||
Medical Office Building, White Plains, New York, A | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 28,800,000 | ||||||
Medical Office Building, Honolulu, Hawaii, A | |||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Aggregate purchase price | 30,000,000 | ||||||
2013 Acquisitions | |||||||
Business Acquisition [Line Items] | |||||||
Closing costs | 4,800,000 | ||||||
Business Acquisition, Purchase Price Allocation, Real Estate [Abstract] | |||||||
Land | 16,192,000 | ||||||
Building and improvements | 292,037,000 | ||||||
Below market leasehold interests | 10,317,000 | ||||||
Above market leases | 2,999,000 | ||||||
In place leases | 52,845,000 | ||||||
Tenant relationships | 25,119,000 | ||||||
Below market leases | -2,104,000 | ||||||
Above market debt, net | -694,000 | ||||||
Interest rate swap | -2,600,000 | ||||||
Net assets acquired | 394,111,000 | ||||||
Other, net | 3,715,000 | ||||||
Aggregate purchase price | $397,826,000 | ||||||
Weighted average lives of acquired intangible assets | 16 years 0 months 0 days | ||||||
Weighted average lives of acquired intangible liabilities | 5 years 7 months 18 days |
Business_Combinations_Revenue_
Business Combinations - Revenue and Gains Since Acquisition (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
2014 Acquisitions | |||
Business Acquisition [Line Items] | |||
Revenues | $15,528 | ||
Net income | 3,161 | ||
2013 Acquisitions | |||
Business Acquisition [Line Items] | |||
Revenues | 15,361 | ||
Net income | 206 | ||
2012 Acquisitions | |||
Business Acquisition [Line Items] | |||
Revenues | 26,717 | ||
Net income | $7,537 |
Business_Combinations_Pro_Form
Business Combinations - Pro Forma (Details) (USD $) | 0 Months Ended | 12 Months Ended | ||
Dec. 15, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Business Combinations [Abstract] | ||||
Reverse stock split conversion ratio | 0.5 | |||
2014 Acquisitions | ||||
Business Acquisition [Line Items] | ||||
Acquisition related costs | $6,300,000 | |||
Revenues | 399,500,000 | 365,064,000 | ||
Net income (loss) attributable to common stockholders/unitholders | 56,290,000 | 31,915,000 | ||
Net income (loss) per share/unit attributable to common stockholders/unitholders - basic (in usd per share/unit) | $0.45 | $0.27 | ||
Net income (loss) per share/unit attributable to common stockholders/unitholders - diluted (in usd per share/unit) | $0.44 | $0.26 | ||
2013 Acquisitions | ||||
Business Acquisition [Line Items] | ||||
Acquisition related costs | 4,800,000 | |||
Revenues | 351,515,000 | 344,919,000 | ||
Net income (loss) attributable to common stockholders/unitholders | 28,017,000 | -25,294,000 | ||
Net income (loss) per share/unit attributable to common stockholders/unitholders - basic (in usd per share/unit) | $0.24 | ($0.21) | ||
Net income (loss) per share/unit attributable to common stockholders/unitholders - diluted (in usd per share/unit) | $0.23 | ($0.21) | ||
2012 Acquisitions | ||||
Business Acquisition [Line Items] | ||||
Acquisition related costs | 3,000,000 | |||
Revenues | 308,684,000 | |||
Net income (loss) attributable to common stockholders/unitholders | -21,928,000 | |||
Net income (loss) per share/unit attributable to common stockholders/unitholders - basic (in usd per share/unit) | ($0.20) | |||
Net income (loss) per share/unit attributable to common stockholders/unitholders - diluted (in usd per share/unit) | ($0.20) | |||
Healthcare Trust of America Holdings, LP (HTALP) | ||||
Business Combinations [Abstract] | ||||
Reverse stock split conversion ratio | 0.5 | |||
Healthcare Trust of America Holdings, LP (HTALP) | 2014 Acquisitions | ||||
Business Acquisition [Line Items] | ||||
Acquisition related costs | 6,300,000 | |||
Revenues | 399,500,000 | 365,064,000 | ||
Net income (loss) attributable to common stockholders/unitholders | 56,780,000 | 32,287,000 | ||
Net income (loss) per share/unit attributable to common stockholders/unitholders - basic (in usd per share/unit) | $0.45 | $0.26 | ||
Net income (loss) per share/unit attributable to common stockholders/unitholders - diluted (in usd per share/unit) | $0.45 | $0.26 | ||
Healthcare Trust of America Holdings, LP (HTALP) | 2013 Acquisitions | ||||
Business Acquisition [Line Items] | ||||
Acquisition related costs | 4,800,000 | |||
Revenues | 351,515,000 | 344,919,000 | ||
Net income (loss) attributable to common stockholders/unitholders | 28,389,000 | -25,278,000 | ||
Net income (loss) per share/unit attributable to common stockholders/unitholders - basic (in usd per share/unit) | $0.24 | ($0.21) | ||
Net income (loss) per share/unit attributable to common stockholders/unitholders - diluted (in usd per share/unit) | $0.24 | ($0.21) | ||
Healthcare Trust of America Holdings, LP (HTALP) | 2012 Acquisitions | ||||
Business Acquisition [Line Items] | ||||
Acquisition related costs | 3,000,000 | |||
Revenues | 308,684,000 | |||
Net income (loss) attributable to common stockholders/unitholders | ($21,912,000) | |||
Net income (loss) per share/unit attributable to common stockholders/unitholders - basic (in usd per share/unit) | ($0.20) | |||
Net income (loss) per share/unit attributable to common stockholders/unitholders - diluted (in usd per share/unit) | ($0.20) |
Dispositions_and_Assets_Held_f1
Dispositions and Assets Held for Sale (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
building | property | |||
property | ||||
Property, Plant and Equipment [Abstract] | ||||
Number of dispositions of portfolios of medical office buildings | 3 | |||
Aggregate gross sales price of disposed portfolios of medical office buildings | $82,900,000 | |||
Gain from sale of disposed portfolios of MOBs | 27,894,000 | 0 | 0 | |
Number of properties held-for-sale | 1 | |||
Depreciation expense on reclassified assets | $800,000 |
Real_Estate_Notes_Receivable_D
Real Estate Notes Receivable (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Receivables [Abstract] | |||
Collection of real estate notes receivable | $28,520 | $0 | $0 |
Acquisition of note receivable | 11,924 | 0 | 0 |
Issuance of real estate notes receivable | $0 | $8,520 | $0 |
Intangibles_Assets_and_Liabili2
Intangibles Assets and Liabilities - Summary of Intangible Assets and Liabiltiies (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Assets | ||
Gross | $478,914 | $476,296 |
Accumulated amortization | -182,149 | -151,860 |
Total | 296,765 | 324,436 |
Weighted average remaining amortization period in years | 15 years 2 months 12 days | 15 years 10 months 24 days |
Liabilities | ||
Gross | 18,045 | 17,816 |
Accumulated amortization | -5,620 | -6,019 |
Total | 12,425 | 11,797 |
Weighted average remaining amortization period in years | 17 years 1 month 6 days | 18 years 4 months 24 days |
Below Market Leases | ||
Liabilities | ||
Gross | 14,188 | 13,989 |
Weighted average remaining amortization period in years | 11 years 6 months | 12 years 4 months 24 days |
Above Market Leasehold Interests | ||
Liabilities | ||
Gross | 3,857 | 3,827 |
Weighted average remaining amortization period in years | 32 years 1 month 6 days | 33 years 1 month 6 days |
In Place Leases | ||
Assets | ||
Gross | 231,370 | 213,338 |
Weighted average remaining amortization period in years | 8 years 9 months 18 days | 8 years 9 months 18 days |
Tenant Relationships | ||
Assets | ||
Gross | 187,918 | 198,519 |
Weighted average remaining amortization period in years | 10 years 3 months 18 days | 10 years 6 months |
Above Market Leases | ||
Assets | ||
Gross | 26,676 | 26,799 |
Weighted average remaining amortization period in years | 5 years 6 months | 6 years 3 months 18 days |
Below Market Leasehold Interests | ||
Assets | ||
Gross | $32,950 | $37,640 |
Weighted average remaining amortization period in years | 67 years 3 months 18 days | 68 years 10 months 24 days |
Intangibles_Assets_and_Liabili3
Intangibles Assets and Liabilities - Summary of Intangible Amortization (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Amortization recorded against rental income related to above or below market leases | |||
Finite-Lived Intangibles | |||
Amortization of intangible assets and liabilities | $2,096 | $1,772 | $1,682 |
Rental expense related to above or below market leasehold interests | |||
Finite-Lived Intangibles | |||
Amortization of intangible assets and liabilities | 457 | 346 | 521 |
Amortization expense related to in place leases and tenant relationships | |||
Finite-Lived Intangibles | |||
Amortization of intangible assets and liabilities | $48,465 | $42,878 | $41,991 |
Intangibles_Assets_and_Liabili4
Intangibles Assets and Liabilities - Future Amortization of Intangibles (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets | ||
2015 | $48,513 | |
2016 | 42,117 | |
2017 | 35,799 | |
2018 | 29,575 | |
2019 | 25,325 | |
Thereafter | 115,436 | |
Total | 296,765 | 324,436 |
Liabilities | ||
2015 | 1,590 | |
2016 | 1,359 | |
2017 | 1,071 | |
2018 | 1,002 | |
2019 | 902 | |
Thereafter | 6,501 | |
Total | $12,425 | $11,797 |
Receivables_and_Other_Assets_D
Receivables and Other Assets (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Receivables and Other Assets [Abstract] | |||
Accounts receivables, net | $16,468 | $16,254 | |
Other receivables | 10,639 | 9,767 | |
Deferred financing costs, net | 16,929 | 10,921 | |
Deferred leasing costs, net | 17,281 | 13,500 | |
Straight-line rent receivables, net | 56,433 | 47,317 | |
Prepaid expenses, deposits, equipment and other, net | 24,642 | 7,453 | |
Derivative financial instruments - interest rate swaps | 1,714 | 5,073 | |
Total | 144,106 | 110,285 | |
Amortization expense related to deferred leasing costs | 3,319 | 2,654 | 1,868 |
Interest expense related to deferred financing costs | 3,891 | 3,891 | 3,915 |
Receivables and Other Assets, Amortization Expense, Fiscal Year Maturity [Abstract] | |||
2015 | 6,716 | ||
2016 | 6,253 | ||
2017 | 5,635 | ||
2018 | 4,723 | ||
2019 | 4,212 | ||
Thereafter | 6,671 | ||
Total | $34,210 |
Debt_Net_Details
Debt - Net (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument | ||
Total debt, gross | $1,412,873 | $1,213,676 |
Net premium (discount) | -412 | 565 |
Total | 1,412,461 | 1,214,241 |
Unsecured Term Loans | ||
Debt Instrument | ||
Total debt, gross | 355,000 | 455,000 |
Unsecured Senior Notes | ||
Debt Instrument | ||
Total debt, gross | 600,000 | 300,000 |
Mortgages | Fixed Rate Mortgages | ||
Debt Instrument | ||
Total debt, gross | 392,399 | 373,751 |
Mortgages | Variable Rate Mortgages | ||
Debt Instrument | ||
Total debt, gross | 29,474 | 29,925 |
Unsecured Revolving Credit Facility | ||
Debt Instrument | ||
Line of credit facility, amount outstanding | $36,000 | $55,000 |
Debt_Principal_Maturity_Schedu
Debt - Principal Maturity Schedule (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Disclosure [Abstract] | ||
2015 | $73,857 | |
2016 | 70,050 | |
2017 | 117,046 | |
2018 | 14,879 | |
2019 | 364,818 | |
Thereafter | 772,223 | |
Total | $1,412,873 | $1,213,676 |
Debt_Textuals_Details
Debt - Textuals (Details) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | |||||||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 19, 2014 | Jan. 07, 2014 | Nov. 30, 2014 | Jul. 20, 2012 | Jun. 26, 2014 | Mar. 28, 2013 | Nov. 18, 2014 | Feb. 11, 2015 | |
Debt Instrument | |||||||||||
Repayment of unsecured term loan | $100,000,000 | $0 | $0 | ||||||||
Outstanding amount | 1,412,873,000 | 1,213,676,000 | |||||||||
Unsecured Term Loans | |||||||||||
Debt Instrument | |||||||||||
Outstanding amount | 355,000,000 | 455,000,000 | |||||||||
Unsecured Term Loans | $300.0 Million Unsecured Term Loan | |||||||||||
Debt Instrument | |||||||||||
Description of variable rate basis | LIBOR | ||||||||||
Basis spread on variable rate | 1.15% | ||||||||||
Repayment of unsecured term loan | 100,000,000 | ||||||||||
Outstanding amount | 200,000,000 | ||||||||||
Weighted average interest rate with interest rate swap impact | 1.66% | ||||||||||
Unsecured credit agreement, extension option period | 1 year | ||||||||||
Unsecured Term Loans | $300.0 Million Unsecured Term Loan | Minimum | |||||||||||
Debt Instrument | |||||||||||
Basis spread on variable rate | 0.90% | ||||||||||
Unsecured Term Loans | $300.0 Million Unsecured Term Loan | Maximum | |||||||||||
Debt Instrument | |||||||||||
Basis spread on variable rate | 1.80% | ||||||||||
Unsecured Term Loans | $155.0 Million Unsecured Term Loan | |||||||||||
Debt Instrument | |||||||||||
Basis spread on variable rate | 1.70% | ||||||||||
Debt instrument, face amount | 155,000,000 | ||||||||||
Weighted average interest rate with interest rate swap impact | 2.99% | ||||||||||
Unsecured Term Loans | $155.0 Million Unsecured Term Loan | Minimum | |||||||||||
Debt Instrument | |||||||||||
Basis spread on variable rate | 1.55% | ||||||||||
Unsecured Term Loans | $155.0 Million Unsecured Term Loan | Maximum | |||||||||||
Debt Instrument | |||||||||||
Basis spread on variable rate | 2.40% | ||||||||||
Unsecured Senior Notes | |||||||||||
Debt Instrument | |||||||||||
Outstanding amount | 600,000,000 | 300,000,000 | |||||||||
Unsecured Senior Notes | Unsecured Senior Notes Due 2021 | |||||||||||
Debt Instrument | |||||||||||
Debt instrument, face amount | 300,000,000 | ||||||||||
Debt instrument, stated interest rate | 3.38% | ||||||||||
Debt instrument, percentage of principal amount received | 99.21% | ||||||||||
Debt instrument, effective interest rate | 3.50% | ||||||||||
Unsecured Senior Notes | Unsecured Senior Notes Due 2023 | |||||||||||
Debt Instrument | |||||||||||
Debt instrument, face amount | 300,000,000 | ||||||||||
Debt instrument, stated interest rate | 3.70% | ||||||||||
Debt instrument, percentage of principal amount received | 99.19% | ||||||||||
Debt instrument, effective interest rate | 3.80% | ||||||||||
Mortgages | |||||||||||
Debt Instrument | |||||||||||
Weighted average interest rate with interest rate swap impact | 5.58% | ||||||||||
Effective percentage rate range, minimum | 1.62% | ||||||||||
Effective percentage rate range, maximum | 12.75% | ||||||||||
Weighted average interest rate | 5.35% | ||||||||||
Mortgages | Variable Rate Mortgages | |||||||||||
Debt Instrument | |||||||||||
Outstanding amount | 29,474,000 | 29,925,000 | |||||||||
Unsecured Revolving Credit Facility | |||||||||||
Debt Instrument | |||||||||||
Line of credit facility, borrowing capacity | 800,000,000 | 650,000,000 | |||||||||
Description of variable rate basis | LIBOR | ||||||||||
Basis spread on variable rate | 1.05% | ||||||||||
Line of credit facility, commitment fee percentage | 0.20% | ||||||||||
Unsecured Revolving Credit Facility | Minimum | |||||||||||
Debt Instrument | |||||||||||
Basis spread on variable rate | 0.88% | ||||||||||
Line of credit facility, commitment fee percentage | 0.13% | ||||||||||
Unsecured Revolving Credit Facility | Maximum | |||||||||||
Debt Instrument | |||||||||||
Basis spread on variable rate | 1.55% | ||||||||||
Line of credit facility, commitment fee percentage | 0.30% | ||||||||||
Unsecured Revolving Credit Facility | Subsequent Event | |||||||||||
Debt Instrument | |||||||||||
Line of credit facility, borrowing capacity | $850,000,000 |
Derivative_Financial_Instrumen2
Derivative Financial Instruments - Table of Derivative Financial Instruments (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Derivative | ||
Fair value, liability | ($2,888) | ($5,053) |
Fair value, asset | 1,714 | 5,073 |
Interest Rate Swap | 1.23% | ||
Derivative | ||
Notional Amount | 200,000 | |
Index | LIBOR | |
Rate | 1.23% | |
Fair value, liability | -2,078 | |
Interest Rate Swap | 0.86% | ||
Derivative | ||
Notional Amount | 100,000 | 100,000 |
Index | LIBOR | LIBOR |
Rate | 0.86% | 0.86% |
Fair value, liability | -443 | -729 |
Interest Rate Swap | 1.39% | ||
Derivative | ||
Notional Amount | 50,000 | 50,000 |
Index | LIBOR | LIBOR |
Rate | 1.39% | 1.39% |
Fair value, asset | 317 | 1,350 |
Interest Rate Swap | 1.24% | ||
Derivative | ||
Notional Amount | 105,000 | 105,000 |
Index | LIBOR | LIBOR |
Rate | 1.24% | 1.24% |
Fair value, asset | 1,397 | 3,723 |
Interest Rate Swap | 4.98% | ||
Derivative | ||
Notional Amount | 26,874 | 27,618 |
Index | LIBOR | LIBOR |
Rate | 4.98% | 4.98% |
Fair value, liability | ($2,445) | ($2,246) |
Derivative_Financial_Instrumen3
Derivative Financial Instruments - Derivative Instruments Fair Value Table (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value | ||
Derivative financial instruments, asset | $1,714 | $5,073 |
Derivative financial instruments, liability | 2,888 | 5,053 |
Interest Rate Swap | Not Designated as Hedging Instrument | Receivables and Other Assets | ||
Derivatives, Fair Value | ||
Derivative financial instruments, asset | 1,714 | 5,073 |
Interest Rate Swap | Not Designated as Hedging Instrument | Derivative Financial Instruments | ||
Derivatives, Fair Value | ||
Derivative financial instruments, liability | $2,888 | $5,053 |
Derivative_Financial_Instrumen4
Derivative Financial Instruments - Derivative Offsetting (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Derivative financial instruments, asset | $1,714 | $5,073 |
Derivative assets, amounts subject to enforceable master netting arrangements | 0 | -2,078 |
Derivative assets, net amounts | 1,714 | 2,995 |
Derivative liabilities | 2,888 | 5,053 |
Derivative liabilities, amounts subject to enforceable master netting arrangements | 0 | -2,078 |
Derivative liabilities, net amounts | $2,888 | $2,975 |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | |||
2015 | $4,826,000 | ||
2016 | 4,816,000 | ||
2017 | 4,914,000 | ||
2018 | 4,919,000 | ||
2019 | 4,969,000 | ||
Thereafter | 303,097,000 | ||
Total | 327,541,000 | ||
Rent expense | $4,800,000 | $4,300,000 | $4,200,000 |
Maximum | |||
Other Commitments [Line Items] | |||
Lease term | 99 years |
Stockholders_Equity_and_Partne2
Stockholders' Equity and Partners' Capital (Details) (USD $) | 12 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 17, 2015 | Dec. 31, 2014 | Feb. 28, 2014 | |
Common Stock Dividends | ||||||
Dividends declared per common share (in usd per share) | $1.16 | $1.15 | $1.27 | |||
LTIP Units | ||||||
Incentive Plan | ||||||
Expiration period | 4 years | |||||
Fair value of restricted common stock and restricted common stock units for which the restriction lapsed | $300,000 | $13,200,000 | ||||
Nonvested awards, total compensation cost not yet recognized | 4,500,000 | 4,500,000 | ||||
Contingent units | 225,000 | 225,000 | ||||
Granted, weighted average grant date fair value (in usd per share) | $0 | |||||
LTIP Units | Listing Expenses | ||||||
Incentive Plan | ||||||
Allocated share-based compensation expense | 0 | 3,200,000 | 10,400,000 | |||
Restricted Common Stock | ||||||
Incentive Plan | ||||||
Fair value of restricted common stock and restricted common stock units for which the restriction lapsed | 900,000 | 1,400,000 | 8,700,000 | |||
Allocated share-based compensation expense | 4,400,000 | 2,500,000 | 7,000,000 | |||
Nonvested awards, total compensation cost not yet recognized | 4,600,000 | 4,600,000 | ||||
Granted, weighted average grant date fair value (in usd per share) | $21.08 | $20.98 | $19.96 | |||
Period for recognition | 2 years | |||||
Restricted Common Stock | General and Administrative Expense | ||||||
Incentive Plan | ||||||
Allocated share-based compensation expense | 1,900,000 | 800,000 | ||||
Restricted Common Stock | Listing Expenses | ||||||
Incentive Plan | ||||||
Allocated share-based compensation expense | 600,000 | 4,700,000 | ||||
Restricted Common Stock | Non Traded REIT Expenses | ||||||
Incentive Plan | ||||||
Allocated share-based compensation expense | 1,500,000 | |||||
2006 Incentive Plan | ||||||
Incentive Plan | ||||||
Number of shares authorized | 5,000,000 | 5,000,000 | ||||
Number of shares available for grant | 2,290,860 | 2,290,860 | ||||
Subsequent Event | ||||||
Common Stock Dividends | ||||||
Dividends declared per common share (in usd per share) | $0.29 | |||||
Maximum | ||||||
Incentive Plan | ||||||
Service period | 4 years | |||||
Maximum | LTIP Units | ||||||
Common Stock Offerings | ||||||
Stock price (per share) | $19.94 | |||||
Minimum | ||||||
Incentive Plan | ||||||
Service period | 3 years | |||||
Minimum | LTIP Units | ||||||
Common Stock Offerings | ||||||
Stock price (per share) | $19.84 | |||||
Public Offering | ||||||
Common Stock Offerings | ||||||
Issuance of common stock (in shares) | 4,600,000 | |||||
Stock price (per share) | $24.10 | $24.10 | ||||
At the Market | ||||||
Common Stock Offerings | ||||||
Issuance of common stock (in shares) | 1,770,858 | |||||
Stock issued, average price per share (in usd per share) | $24.50 | |||||
Remaining available amount of common stock for issuance | 256,600,000 | |||||
At the Market | Maximum | ||||||
Common Stock Offerings | ||||||
Maximum amount of common stock authorized | $300,000,000 |
Stockholders_Equity_and_Partne3
Stockholders' Equity and Partners' Capital - Assumption Used (Details) (LTIP Units, USD $) | 12 Months Ended |
Dec. 31, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | |
Volatility, minimum (as percent) | 21.25% |
Volatility, maximum (as percent) | 22.64% |
Dividend yield (as percent) | 5.80% |
Risk-free rate, minimum (as percent) | 0.44% |
Risk-free rate, maximum (as percent) | 0.58% |
Minimum | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | |
Expected term in years | 7 months 10 days |
Stock price (per share) | 19.84 |
Maximum | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | |
Expected term in years | 9 months 26 days |
Stock price (per share) | 19.94 |
Stockholders_Equity_and_Partne4
Stockholders' Equity and Partners' Capital - Nonvested Rollforward (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
LTIP Units | |||
Stocks/Units: | |||
Balance as of beginning of period (in shares) | 258,250 | ||
Granted (in shares) | 0 | ||
Vested (in shares) | -30,240 | ||
Forfeited (in shares) | -3,010 | ||
Balance as of end of period (in shares) | 225,000 | ||
Weighted Average Grant Date Fair Value: | |||
Balance as of beginning of period (in usd per share) | $18.86 | ||
Granted (in usd per share) | $0 | ||
Vested (in usd per share) | $11.07 | ||
Forfeited (in usd per share) | $11.24 | ||
Balance as of end of period (in usd per share) | $20 | $12.50 | |
Restricted Stock | |||
Stocks/Units: | |||
Balance as of beginning of period (in shares) | 320,500 | ||
Granted (in shares) | 292,100 | ||
Vested (in shares) | -120,500 | ||
Forfeited (in shares) | -29,050 | ||
Balance as of end of period (in shares) | 463,050 | 320,500 | |
Weighted Average Grant Date Fair Value: | |||
Balance as of beginning of period (in usd per share) | $20.68 | ||
Granted (in usd per share) | $21.08 | $20.98 | $19.96 |
Vested (in usd per share) | $20.93 | ||
Forfeited (in usd per share) | $20.28 | ||
Balance as of end of period (in usd per share) | $20.90 | $20.68 |
Fair_Value_of_Financial_Instru2
Fair Value of Financial Instruments - Assets and Liabilities at Fair Value (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
Derivative financial instruments, asset | $1,714 | $5,073 |
Derivative financial instruments, liability | 2,888 | 5,053 |
Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
Derivative financial instruments, asset | 1,714 | 5,073 |
Derivative financial instruments, liability | 2,888 | 5,053 |
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1 ) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
Derivative financial instruments, asset | 0 | 0 |
Derivative financial instruments, liability | 0 | 0 |
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
Derivative financial instruments, asset | 1,714 | 5,073 |
Derivative financial instruments, liability | 2,888 | 5,053 |
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||
Derivative financial instruments, asset | 0 | 0 |
Derivative financial instruments, liability | $0 | $0 |
Fair_Value_of_Financial_Instru3
Fair Value of Financial Instruments (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||||
Real estate notes receivable | $0 | $28,520 | $20,000 | $57,459 |
Debt | 1,412,461 | 1,214,241 | ||
Fair Value Level 2 | Carrying Amount | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||||
Real estate notes receivable | 0 | 28,520 | ||
Debt | 1,412,461 | 1,214,241 | ||
Fair Value Level 2 | Fair Value | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | ||||
Real estate notes receivable | 0 | 28,520 | ||
Debt | $1,447,432 | $1,237,699 |
Per_Share_Data_of_HTA_Details
Per Share Data of HTA (Details) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 15, 2014 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | ||||||||||
Earnings Per Share [Abstract] | ||||||||||||||||||||||
Antidilutive securities excluded from computation of diluted shares | 156 | |||||||||||||||||||||
Numerator: | ||||||||||||||||||||||
Net income (loss) | $21,457 | [1] | $16,220 | [1] | $2,883 | $5,434 | $4,062 | $5,005 | $14,233 | [2] | $1,384 | $45,994 | $24,684 | ($24,368) | ||||||||
Net income attributable to noncontrolling interests | -623 | [3] | -423 | [3] | -56 | [3] | ||||||||||||||||
Net income (loss) attributable to common stockholders/unitholders | $21,192 | [1] | $16,032 | [1] | $2,855 | $5,292 | $4,062 | $4,823 | $14,025 | [2] | $1,351 | $45,371 | $24,261 | ($24,424) | ||||||||
Denominator: | ||||||||||||||||||||||
Weighted average number of shares/units outstanding — basic | 119,904 | [4] | 114,038 | [4] | 111,357 | [4] | ||||||||||||||||
Dilutive shares | 1,264 | 932 | 0 | |||||||||||||||||||
Weighted average number of shares/units outstanding — diluted | 121,168 | [4] | 114,970 | [4] | 111,357 | [4] | ||||||||||||||||
Earnings (losses) per common share - basic | ||||||||||||||||||||||
Net income (loss) attributable to common stockholders (usd per share) | $0.17 | [1],[4] | $0.13 | [1],[4] | $0.02 | [4] | $0.04 | [4] | $0.03 | $0.04 | [4] | $0.12 | [2],[4] | $0.01 | [4] | $0.38 | [4] | $0.21 | [4] | ($0.22) | [4] | |
Earnings (losses) per common share - diluted | ||||||||||||||||||||||
Net income (loss) attributable to common stockholders (usd per share) | $0.17 | [1],[4] | $0.13 | [1],[4] | $0.02 | [4] | $0.04 | [4] | $0.03 | $0.04 | [4] | $0.12 | [2],[4] | $0.01 | [4] | $0.37 | [4] | $0.21 | [4] | ($0.22) | [4] | |
Reverse stock split conversion ratio | 0.5 | |||||||||||||||||||||
[1] | The increase in net income is due to the gain on sale of real estate. | |||||||||||||||||||||
[2] | The increase in net income related to the gains on derivative financial instruments. | |||||||||||||||||||||
[3] | Includes amounts attributable to redeemable noncontrolling interests. | |||||||||||||||||||||
[4] | Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Per_Unit_Data_of_HTALP_Details
Per Unit Data of HTALP (Details) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 15, 2014 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||
Numerator: | |||||||||||||||||||||||
Net income (loss) | $21,457 | [1] | $16,220 | [1] | $2,883 | $5,434 | $4,062 | $5,005 | $14,233 | [2] | $1,384 | $45,994 | $24,684 | ($24,368) | |||||||||
Net income attributable to noncontrolling interests | -623 | [3] | -423 | [3] | -56 | [3] | |||||||||||||||||
Net income (loss) attributable to common stockholders/unitholders | 21,192 | [1] | 16,032 | [1] | 2,855 | 5,292 | 4,062 | 4,823 | 14,025 | [2] | 1,351 | 45,371 | 24,261 | -24,424 | |||||||||
Denominator: | |||||||||||||||||||||||
Weighted average number of shares/units outstanding — basic | 119,904 | [4] | 114,038 | [4] | 111,357 | [4] | |||||||||||||||||
Dilutive units | 1,264 | 932 | 0 | ||||||||||||||||||||
Weighted average number of shares/units outstanding — diluted | 121,168 | [4] | 114,970 | [4] | 111,357 | [4] | |||||||||||||||||
Earnings (losses) per common unit - basic: | |||||||||||||||||||||||
Net income (loss) attributable to common unitholders (usd per share) | $0.17 | [1],[4] | $0.13 | [1],[4] | $0.02 | [4] | $0.04 | [4] | $0.03 | $0.04 | [4] | $0.12 | [2],[4] | $0.01 | [4] | $0.38 | [4] | $0.21 | [4] | ($0.22) | [4] | ||
Earnings (losses) per common unit - diluted: | |||||||||||||||||||||||
Net income (loss) attributable to common unitholders (usd per share) | $0.17 | [1],[4] | $0.13 | [1],[4] | $0.02 | [4] | $0.04 | [4] | $0.03 | $0.04 | [4] | $0.12 | [2],[4] | $0.01 | [4] | $0.37 | [4] | $0.21 | [4] | ($0.22) | [4] | ||
Reverse stock split conversion ratio | 0.5 | ||||||||||||||||||||||
Healthcare Trust of America Holdings, LP (HTALP) | |||||||||||||||||||||||
Numerator: | |||||||||||||||||||||||
Net income (loss) | 21,457 | [1] | 16,220 | [1] | 2,883 | 5,434 | 4,062 | 5,005 | 14,233 | [2] | 1,384 | 45,994 | 24,684 | -24,368 | |||||||||
Net income attributable to noncontrolling interests | -133 | [3] | -51 | [3] | -40 | [3] | |||||||||||||||||
Net income (loss) attributable to common stockholders/unitholders | $21,430 | [1] | $16,192 | [1] | $2,843 | $5,396 | $4,050 | $4,996 | $14,228 | [2] | $1,359 | $45,861 | $24,633 | ($24,408) | |||||||||
Denominator: | |||||||||||||||||||||||
Weighted average number of shares/units outstanding — basic | 121,340 | [4] | 115,565 | [4] | 112,341 | [4] | |||||||||||||||||
Dilutive units | 0 | 0 | 0 | ||||||||||||||||||||
Weighted average number of shares/units outstanding — diluted | 121,340 | [4] | 115,565 | [4] | 112,341 | [4] | |||||||||||||||||
Earnings (losses) per common unit - basic: | |||||||||||||||||||||||
Net income (loss) attributable to common unitholders (usd per share) | $0.17 | [1],[4] | $0.13 | [1],[4] | $0.02 | [4] | $0.04 | [4] | $0.03 | [4] | $0.04 | [4] | $0.12 | [2],[4] | $0.01 | [4] | $0.38 | [4] | $0.21 | [4] | ($0.22) | [4] | |
Earnings (losses) per common unit - diluted: | |||||||||||||||||||||||
Net income (loss) attributable to common unitholders (usd per share) | $0.17 | [1],[4] | $0.13 | [1],[4] | $0.02 | [4] | $0.04 | [4] | $0.03 | [4] | $0.04 | [4] | $0.12 | [2],[4] | $0.01 | [4] | $0.38 | [4] | $0.21 | [4] | ($0.22) | [4] | |
Reverse stock split conversion ratio | 0.5 | ||||||||||||||||||||||
[1] | The increase in net income is due to the gain on sale of real estate. | ||||||||||||||||||||||
[2] | The increase in net income related to the gains on derivative financial instruments. | ||||||||||||||||||||||
[3] | Includes amounts attributable to redeemable noncontrolling interests. | ||||||||||||||||||||||
[4] | Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Supplemental_Cash_Flow_Informa2
Supplemental Cash Flow Information (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Supplemental Disclosure of Cash Flow Information: | |||
Interest paid | $42,666 | $41,460 | $38,560 |
Income taxes paid | 889 | 669 | 1,090 |
Investing Activities: | |||
Accrued capital expenditures | 3,853 | 1,783 | 1,575 |
Note receivable included in the consideration of an acquisition | 11,924 | 0 | 37,264 |
The following represents the significant increase (decrease) in certain assets and liabilities in connection with our acquisitions: | |||
Debt and interest rate swaps | 103,980 | 55,977 | 0 |
Financing Activities: | |||
Issuance of common stock under the DRIP | 0 | 0 | 31,916 |
Dividend distributions declared, but not paid | 36,275 | 34,177 | 30,959 |
Issuance of operating partnership units in connection with acquisitions | $16,960 | $0 | $0 |
Tax_Treatment_of_Dividends_of_2
Tax Treatment of Dividends of HTA (Unaudited) (Details) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Income Tax Disclosure [Abstract] | |||
Ordinary income | 59.31% | 62.02% | 46.93% |
Return of capital | 40.69% | 37.83% | 53.07% |
Capital gain | 0.00% | 0.15% | 0.00% |
Total | 100.00% | 100.00% | 100.00% |
Future_Minimum_Rent_Details
Future Minimum Rent (Details) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Operating Leases, Future Minimum Payments Receivable [Abstract] | |
2015 | $306,490 |
2016 | 289,901 |
2017 | 263,335 |
2018 | 227,272 |
2019 | 201,748 |
Thereafter | 827,474 |
Total | $2,116,220 |
Selected_Quarterly_Financial_D4
Selected Quarterly Financial Data of HTA (Unaudited) (Details) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | |||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 15, 2014 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | ||||||||||
Quarterly Financial Information Disclosure [Abstract] | ||||||||||||||||||||||
Revenues | $94,996 | [1] | $95,534 | [1] | $89,671 | $91,304 | $84,132 | $82,984 | $77,624 | [2] | $76,861 | $371,505 | $321,601 | $299,644 | ||||||||
Net income | 21,457 | [1] | 16,220 | [1] | 2,883 | 5,434 | 4,062 | 5,005 | 14,233 | [2] | 1,384 | 45,994 | 24,684 | -24,368 | ||||||||
Net income attributable to common stockholders | $21,192 | [1] | $16,032 | [1] | $2,855 | $5,292 | $4,062 | $4,823 | $14,025 | [2] | $1,351 | $45,371 | $24,261 | ($24,424) | ||||||||
Earnings (losses) per common share - basic | ||||||||||||||||||||||
Net income (loss) attributable to common stockholders (usd per share) | $0.17 | [1],[3] | $0.13 | [1],[3] | $0.02 | [3] | $0.04 | [3] | $0.03 | $0.04 | [3] | $0.12 | [2],[3] | $0.01 | [3] | $0.38 | [3] | $0.21 | [3] | ($0.22) | [3] | |
Earnings (losses) per common share - diluted | ||||||||||||||||||||||
Net income (loss) attributable to common stockholders (usd per share) | $0.17 | [1],[3] | $0.13 | [1],[3] | $0.02 | [3] | $0.04 | [3] | $0.03 | $0.04 | [3] | $0.12 | [2],[3] | $0.01 | [3] | $0.37 | [3] | $0.21 | [3] | ($0.22) | [3] | |
Reverse stock split conversion ratio | 0.5 | |||||||||||||||||||||
[1] | The increase in net income is due to the gain on sale of real estate. | |||||||||||||||||||||
[2] | The increase in net income related to the gains on derivative financial instruments. | |||||||||||||||||||||
[3] | Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Selected_Quarterly_Financial_D5
Selected Quarterly Financial Data of HTALP (Unaudited) (Details) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 15, 2014 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |||||||||||
Selected Quarterly Financial Data [Line Items] | |||||||||||||||||||||||
Revenues | $94,996 | [1] | $95,534 | [1] | $89,671 | $91,304 | $84,132 | $82,984 | $77,624 | [2] | $76,861 | $371,505 | $321,601 | $299,644 | |||||||||
Net income | 21,457 | [1] | 16,220 | [1] | 2,883 | 5,434 | 4,062 | 5,005 | 14,233 | [2] | 1,384 | 45,994 | 24,684 | -24,368 | |||||||||
Net income (loss) attributable to common unitholders | 21,192 | [1] | 16,032 | [1] | 2,855 | 5,292 | 4,062 | 4,823 | 14,025 | [2] | 1,351 | 45,371 | 24,261 | -24,424 | |||||||||
Earnings (losses) per common unit - basic: | |||||||||||||||||||||||
Net income (loss) attributable to common unitholders (usd per share) | $0.17 | [1],[3] | $0.13 | [1],[3] | $0.02 | [3] | $0.04 | [3] | $0.03 | $0.04 | [3] | $0.12 | [2],[3] | $0.01 | [3] | $0.38 | [3] | $0.21 | [3] | ($0.22) | [3] | ||
Earnings (losses) per common unit - diluted: | |||||||||||||||||||||||
Net income (loss) attributable to common unitholders (usd per share) | $0.17 | [1],[3] | $0.13 | [1],[3] | $0.02 | [3] | $0.04 | [3] | $0.03 | $0.04 | [3] | $0.12 | [2],[3] | $0.01 | [3] | $0.37 | [3] | $0.21 | [3] | ($0.22) | [3] | ||
Reverse stock split conversion ratio | 0.5 | ||||||||||||||||||||||
Healthcare Trust of America Holdings, LP (HTALP) | |||||||||||||||||||||||
Selected Quarterly Financial Data [Line Items] | |||||||||||||||||||||||
Revenues | 94,996 | [1] | 95,534 | [1] | 89,671 | 91,304 | 84,132 | 82,984 | 77,624 | [2] | 76,861 | 371,505 | 321,601 | 299,644 | |||||||||
Net income | 21,457 | [1] | 16,220 | [1] | 2,883 | 5,434 | 4,062 | 5,005 | 14,233 | [2] | 1,384 | 45,994 | 24,684 | -24,368 | |||||||||
Net income (loss) attributable to common unitholders | $21,430 | [1] | $16,192 | [1] | $2,843 | $5,396 | $4,050 | $4,996 | $14,228 | [2] | $1,359 | $45,861 | $24,633 | ($24,408) | |||||||||
Earnings (losses) per common unit - basic: | |||||||||||||||||||||||
Net income (loss) attributable to common unitholders (usd per share) | $0.17 | [1],[3] | $0.13 | [1],[3] | $0.02 | [3] | $0.04 | [3] | $0.03 | [3] | $0.04 | [3] | $0.12 | [2],[3] | $0.01 | [3] | $0.38 | [3] | $0.21 | [3] | ($0.22) | [3] | |
Earnings (losses) per common unit - diluted: | |||||||||||||||||||||||
Net income (loss) attributable to common unitholders (usd per share) | $0.17 | [1],[3] | $0.13 | [1],[3] | $0.02 | [3] | $0.04 | [3] | $0.03 | [3] | $0.04 | [3] | $0.12 | [2],[3] | $0.01 | [3] | $0.38 | [3] | $0.21 | [3] | ($0.22) | [3] | |
Reverse stock split conversion ratio | 0.5 | ||||||||||||||||||||||
[1] | The increase in net income is due to the gain on sale of real estate. | ||||||||||||||||||||||
[2] | The increase in net income related to the gains on derivative financial instruments. | ||||||||||||||||||||||
[3] | Amounts have been adjusted retroactively to reflect a 1-for-2 reverse stock split effected December 15, 2014. |
Schedule_II_Valuation_and_Qual1
Schedule II - Valuation and Qualifying Accounts (Details) (Allowance for doubtful accounts, USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Allowance for doubtful accounts | |||
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at Beginning of Period | $2,121 | $2,168 | $1,498 |
Charged to Expenses | 312 | 453 | 1,064 |
Adjustments to Valuation Accounts | 0 | 0 | 0 |
Deductions | -416 | -500 | -394 |
Balance at End of Period | $2,017 | $2,121 | $2,168 |
Schedule_III_Real_Estate_and_A1
Schedule III - Real Estate and Accumulated Depreciation - Real Estate Investments and Accumulated Depreciation (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Gross Amount at Which Carried at Close of Period | $2,953,532 | $2,561,073 | $2,227,764 | $1,971,254 |
Accumulated Depreciation | -383,966 | -308,173 | -235,157 | -164,783 |
Phoenix Med Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 2,011 | |||
Initial Cost to Company Land | 453 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 2,768 | |||
Cost Capitalized Subsequent to Acquisition | 352 | |||
Gross Amount at Which Carried at Close of Period Land | 453 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,120 | |||
Gross Amount at Which Carried at Close of Period | 3,573 | |||
Accumulated Depreciation | -551 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Thunderbird MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 12,926 | |||
Initial Cost to Company Land | 3,842 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 19,679 | |||
Cost Capitalized Subsequent to Acquisition | 3,221 | |||
Gross Amount at Which Carried at Close of Period Land | 3,842 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 22,900 | |||
Gross Amount at Which Carried at Close of Period | 26,742 | |||
Accumulated Depreciation | -6,524 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Peoria MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 4,074 | |||
Initial Cost to Company Land | 605 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 4,394 | |||
Cost Capitalized Subsequent to Acquisition | 279 | |||
Gross Amount at Which Carried at Close of Period Land | 605 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 4,673 | |||
Gross Amount at Which Carried at Close of Period | 5,278 | |||
Accumulated Depreciation | -834 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Baptist MC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 6,941 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,637 | |||
Cost Capitalized Subsequent to Acquisition | 1,510 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,147 | |||
Gross Amount at Which Carried at Close of Period | 14,147 | |||
Accumulated Depreciation | -2,661 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Desert Ridge MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 27,738 | |||
Cost Capitalized Subsequent to Acquisition | 1,294 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 29,032 | |||
Gross Amount at Which Carried at Close of Period | 29,032 | |||
Accumulated Depreciation | -2,915 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Estrella Med Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 19,611 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 24,703 | |||
Cost Capitalized Subsequent to Acquisition | 1,188 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 25,891 | |||
Gross Amount at Which Carried at Close of Period | 25,891 | |||
Accumulated Depreciation | -3,901 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Sun City Boswell MOBs | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,775 | |||
Cost Capitalized Subsequent to Acquisition | 2,150 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,925 | |||
Gross Amount at Which Carried at Close of Period | 14,925 | |||
Accumulated Depreciation | -3,752 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Sun City Boswell West | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,610 | |||
Cost Capitalized Subsequent to Acquisition | 1,206 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,816 | |||
Gross Amount at Which Carried at Close of Period | 7,816 | |||
Accumulated Depreciation | -1,587 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Sun City Webb MP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 16,188 | |||
Cost Capitalized Subsequent to Acquisition | 1,461 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 17,649 | |||
Gross Amount at Which Carried at Close of Period | 17,649 | |||
Accumulated Depreciation | -3,501 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Sun City West MOBs | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 744 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 13,466 | |||
Cost Capitalized Subsequent to Acquisition | 1,176 | |||
Gross Amount at Which Carried at Close of Period Land | 744 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,642 | |||
Gross Amount at Which Carried at Close of Period | 15,386 | |||
Accumulated Depreciation | -3,598 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Gateway Med Plaza | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 9,717 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 14,005 | |||
Cost Capitalized Subsequent to Acquisition | -94 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 13,911 | |||
Gross Amount at Which Carried at Close of Period | 13,911 | |||
Accumulated Depreciation | -1,779 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Tucson Academy MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,193 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,107 | |||
Cost Capitalized Subsequent to Acquisition | 1,158 | |||
Gross Amount at Which Carried at Close of Period Land | 1,193 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,265 | |||
Gross Amount at Which Carried at Close of Period | 8,458 | |||
Accumulated Depreciation | -1,951 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Tucson Desert Life MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,309 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 17,572 | |||
Cost Capitalized Subsequent to Acquisition | 1,144 | |||
Gross Amount at Which Carried at Close of Period Land | 1,309 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 18,716 | |||
Gross Amount at Which Carried at Close of Period | 20,025 | |||
Accumulated Depreciation | -4,753 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
5995 Plaza Drive | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 5,109 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 17,961 | |||
Cost Capitalized Subsequent to Acquisition | 336 | |||
Gross Amount at Which Carried at Close of Period Land | 5,109 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 18,297 | |||
Gross Amount at Which Carried at Close of Period | 23,406 | |||
Accumulated Depreciation | -3,972 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Senior Care El Monte | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,534 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,545 | |||
Cost Capitalized Subsequent to Acquisition | -17 | |||
Gross Amount at Which Carried at Close of Period Land | 1,534 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,528 | |||
Gross Amount at Which Carried at Close of Period | 5,062 | |||
Accumulated Depreciation | -686 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Senior Care Lomita | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,035 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 2,083 | |||
Cost Capitalized Subsequent to Acquisition | -8 | |||
Gross Amount at Which Carried at Close of Period Land | 1,035 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 2,075 | |||
Gross Amount at Which Carried at Close of Period | 3,110 | |||
Accumulated Depreciation | -430 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
St. Mary Physician’s Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,815 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 10,242 | |||
Cost Capitalized Subsequent to Acquisition | 574 | |||
Gross Amount at Which Carried at Close of Period Land | 1,815 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 10,816 | |||
Gross Amount at Which Carried at Close of Period | 12,631 | |||
Accumulated Depreciation | -2,225 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
San Luis Obispo MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 11,900 | |||
Cost Capitalized Subsequent to Acquisition | 2,339 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,239 | |||
Gross Amount at Which Carried at Close of Period | 14,239 | |||
Accumulated Depreciation | -2,042 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Hampden Place MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 3,032 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,553 | |||
Cost Capitalized Subsequent to Acquisition | 59 | |||
Gross Amount at Which Carried at Close of Period Land | 3,032 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 12,612 | |||
Gross Amount at Which Carried at Close of Period | 15,644 | |||
Accumulated Depreciation | -2,300 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Highlands Ranch MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,240 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 10,426 | |||
Cost Capitalized Subsequent to Acquisition | 2,182 | |||
Gross Amount at Which Carried at Close of Period Land | 2,240 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 12,608 | |||
Gross Amount at Which Carried at Close of Period | 14,848 | |||
Accumulated Depreciation | -3,191 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Lone Tree Medical Office Buildings | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 3,736 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 29,546 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 3,736 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 29,546 | |||
Gross Amount at Which Carried at Close of Period | 33,282 | |||
Accumulated Depreciation | 0 | |||
Life on Which Building Depreciation in Income Statement is Computed | 38 years | |||
Lincoln Medical Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 5,142 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 28,638 | |||
Cost Capitalized Subsequent to Acquisition | 141 | |||
Gross Amount at Which Carried at Close of Period Land | 5,142 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 28,779 | |||
Gross Amount at Which Carried at Close of Period | 33,921 | |||
Accumulated Depreciation | -1,440 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Brandon MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 901 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,946 | |||
Cost Capitalized Subsequent to Acquisition | 547 | |||
Gross Amount at Which Carried at Close of Period Land | 901 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,493 | |||
Gross Amount at Which Carried at Close of Period | 8,394 | |||
Accumulated Depreciation | -1,794 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
McMullen MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 3,470 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,621 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 3,470 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 12,621 | |||
Gross Amount at Which Carried at Close of Period | 16,091 | |||
Accumulated Depreciation | -166 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Orlando Rehab Hospital | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,600 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 20,256 | |||
Cost Capitalized Subsequent to Acquisition | 3,000 | |||
Gross Amount at Which Carried at Close of Period Land | 2,600 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 23,256 | |||
Gross Amount at Which Carried at Close of Period | 25,856 | |||
Accumulated Depreciation | -2,513 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Palmetto MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 5,765 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 15,512 | |||
Cost Capitalized Subsequent to Acquisition | 302 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 15,814 | |||
Gross Amount at Which Carried at Close of Period | 15,814 | |||
Accumulated Depreciation | -1,190 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
East FL Senior Jacksonville | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 4,291 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,220 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 4,291 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,220 | |||
Gross Amount at Which Carried at Close of Period | 13,511 | |||
Accumulated Depreciation | -3,014 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
King Street MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 5,362 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,232 | |||
Cost Capitalized Subsequent to Acquisition | -70 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,162 | |||
Gross Amount at Which Carried at Close of Period | 7,162 | |||
Accumulated Depreciation | -1,131 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Jupiter MP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,204 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 11,778 | |||
Cost Capitalized Subsequent to Acquisition | 206 | |||
Gross Amount at Which Carried at Close of Period Land | 1,204 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 11,984 | |||
Gross Amount at Which Carried at Close of Period | 13,188 | |||
Accumulated Depreciation | -493 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Central FL SC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 768 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,002 | |||
Cost Capitalized Subsequent to Acquisition | 302 | |||
Gross Amount at Which Carried at Close of Period Land | 768 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,304 | |||
Gross Amount at Which Carried at Close of Period | 4,072 | |||
Accumulated Depreciation | -706 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Vista Pro Center MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,082 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,587 | |||
Cost Capitalized Subsequent to Acquisition | 367 | |||
Gross Amount at Which Carried at Close of Period Land | 1,082 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,954 | |||
Gross Amount at Which Carried at Close of Period | 5,036 | |||
Accumulated Depreciation | -947 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Largo Medical Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 29,474 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 51,045 | |||
Cost Capitalized Subsequent to Acquisition | 479 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 51,524 | |||
Gross Amount at Which Carried at Close of Period | 51,524 | |||
Accumulated Depreciation | -1,628 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Largo MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 729 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 8,908 | |||
Cost Capitalized Subsequent to Acquisition | 499 | |||
Gross Amount at Which Carried at Close of Period Land | 729 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,407 | |||
Gross Amount at Which Carried at Close of Period | 10,136 | |||
Accumulated Depreciation | -2,178 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
FL Family Medical Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 4,257 | |||
Cost Capitalized Subsequent to Acquisition | 225 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 4,482 | |||
Gross Amount at Which Carried at Close of Period | 4,482 | |||
Accumulated Depreciation | -394 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Northwest Medical Park | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,525 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,525 | |||
Gross Amount at Which Carried at Close of Period | 9,525 | |||
Accumulated Depreciation | -367 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
North Shore MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 4,942 | |||
Cost Capitalized Subsequent to Acquisition | 112 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 5,054 | |||
Gross Amount at Which Carried at Close of Period | 5,054 | |||
Accumulated Depreciation | -438 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Sunset Professional and Kendall MOBs | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 11,855 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 13,633 | |||
Cost Capitalized Subsequent to Acquisition | 53 | |||
Gross Amount at Which Carried at Close of Period Land | 11,855 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 13,686 | |||
Gross Amount at Which Carried at Close of Period | 25,541 | |||
Accumulated Depreciation | -490 | |||
Life on Which Building Depreciation in Income Statement is Computed | 27 years | |||
Common V MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 9,043 | |||
Initial Cost to Company Land | 4,173 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,070 | |||
Cost Capitalized Subsequent to Acquisition | 219 | |||
Gross Amount at Which Carried at Close of Period Land | 4,173 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,289 | |||
Gross Amount at Which Carried at Close of Period | 13,462 | |||
Accumulated Depreciation | -2,025 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Orlando Lake Underhill MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 8,515 | |||
Cost Capitalized Subsequent to Acquisition | 911 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,426 | |||
Gross Amount at Which Carried at Close of Period | 9,426 | |||
Accumulated Depreciation | -1,408 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Orlando Oviedo MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 5,711 | |||
Cost Capitalized Subsequent to Acquisition | 239 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 5,950 | |||
Gross Amount at Which Carried at Close of Period | 5,950 | |||
Accumulated Depreciation | -860 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Heart & Family Health MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 686 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 8,102 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 686 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 8,102 | |||
Gross Amount at Which Carried at Close of Period | 8,788 | |||
Accumulated Depreciation | -299 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
St. Lucie MC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,127 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 6,127 | |||
Gross Amount at Which Carried at Close of Period | 6,127 | |||
Accumulated Depreciation | -255 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
East FL Senior Sunrise | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,947 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,825 | |||
Cost Capitalized Subsequent to Acquisition | 1 | |||
Gross Amount at Which Carried at Close of Period Land | 2,947 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 12,826 | |||
Gross Amount at Which Carried at Close of Period | 15,773 | |||
Accumulated Depreciation | -3,618 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Tallahassee Rehab Hospital | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 7,142 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 18,691 | |||
Cost Capitalized Subsequent to Acquisition | 2,400 | |||
Gross Amount at Which Carried at Close of Period Land | 7,142 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 21,091 | |||
Gross Amount at Which Carried at Close of Period | 28,233 | |||
Accumulated Depreciation | -2,441 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
FL Ortho Institute | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,923 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 17,647 | |||
Cost Capitalized Subsequent to Acquisition | -1 | |||
Gross Amount at Which Carried at Close of Period Land | 2,923 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 17,646 | |||
Gross Amount at Which Carried at Close of Period | 20,569 | |||
Accumulated Depreciation | -2,336 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Wellington MAP III | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 7,854 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 10,511 | |||
Cost Capitalized Subsequent to Acquisition | -95 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 10,416 | |||
Gross Amount at Which Carried at Close of Period | 10,416 | |||
Accumulated Depreciation | -1,315 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Victor Farris MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 11,620 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 23,052 | |||
Cost Capitalized Subsequent to Acquisition | 326 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 23,378 | |||
Gross Amount at Which Carried at Close of Period | 23,378 | |||
Accumulated Depreciation | -1,321 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
East FL Senior Winter Park | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,840 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,825 | |||
Cost Capitalized Subsequent to Acquisition | 1,104 | |||
Gross Amount at Which Carried at Close of Period Land | 2,840 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 13,929 | |||
Gross Amount at Which Carried at Close of Period | 16,769 | |||
Accumulated Depreciation | -3,935 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Camp Creek Med Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,961 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 19,688 | |||
Cost Capitalized Subsequent to Acquisition | -174 | |||
Gross Amount at Which Carried at Close of Period Land | 2,961 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 19,514 | |||
Gross Amount at Which Carried at Close of Period | 22,475 | |||
Accumulated Depreciation | -3,571 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Augusta Rehab Hospital | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,059 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 20,899 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 1,059 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 20,899 | |||
Gross Amount at Which Carried at Close of Period | 21,958 | |||
Accumulated Depreciation | -2,507 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Austell Medical Park | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 432 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 4,057 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 432 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 4,057 | |||
Gross Amount at Which Carried at Close of Period | 4,489 | |||
Accumulated Depreciation | -248 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Decatur MP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 3,166 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,862 | |||
Cost Capitalized Subsequent to Acquisition | 353 | |||
Gross Amount at Which Carried at Close of Period Land | 3,166 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,215 | |||
Gross Amount at Which Carried at Close of Period | 10,381 | |||
Accumulated Depreciation | -1,626 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Yorktown MC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,802 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,502 | |||
Cost Capitalized Subsequent to Acquisition | 2,145 | |||
Gross Amount at Which Carried at Close of Period Land | 2,802 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,647 | |||
Gross Amount at Which Carried at Close of Period | 17,449 | |||
Accumulated Depreciation | -4,047 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Gwinett MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,290 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,246 | |||
Cost Capitalized Subsequent to Acquisition | 1,378 | |||
Gross Amount at Which Carried at Close of Period Land | 1,290 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 8,624 | |||
Gross Amount at Which Carried at Close of Period | 9,914 | |||
Accumulated Depreciation | -2,185 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Marietta Health Park | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 7,200 | |||
Initial Cost to Company Land | 1,276 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,197 | |||
Cost Capitalized Subsequent to Acquisition | 401 | |||
Gross Amount at Which Carried at Close of Period Land | 1,276 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 12,598 | |||
Gross Amount at Which Carried at Close of Period | 13,874 | |||
Accumulated Depreciation | -2,986 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Shakerag MC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 12,667 | |||
Initial Cost to Company Land | 743 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,290 | |||
Cost Capitalized Subsequent to Acquisition | 1,261 | |||
Gross Amount at Which Carried at Close of Period Land | 743 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 4,551 | |||
Gross Amount at Which Carried at Close of Period | 5,294 | |||
Accumulated Depreciation | -1,231 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Northmeadow Medical Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,245 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,109 | |||
Cost Capitalized Subsequent to Acquisition | -7 | |||
Gross Amount at Which Carried at Close of Period Land | 1,245 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,102 | |||
Gross Amount at Which Carried at Close of Period | 10,347 | |||
Accumulated Depreciation | -2,039 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Overlook at Eagle’s Landing | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 5,042 | |||
Initial Cost to Company Land | 638 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,685 | |||
Cost Capitalized Subsequent to Acquisition | 129 | |||
Gross Amount at Which Carried at Close of Period Land | 638 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 6,814 | |||
Gross Amount at Which Carried at Close of Period | 7,452 | |||
Accumulated Depreciation | -1,086 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
SouthCrest MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 4,260 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 14,636 | |||
Cost Capitalized Subsequent to Acquisition | 1,116 | |||
Gross Amount at Which Carried at Close of Period Land | 4,260 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 15,752 | |||
Gross Amount at Which Carried at Close of Period | 20,012 | |||
Accumulated Depreciation | -3,852 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Honolulu MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 15,101 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 27,336 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 27,336 | |||
Gross Amount at Which Carried at Close of Period | 27,336 | |||
Accumulated Depreciation | 0 | |||
Life on Which Building Depreciation in Income Statement is Computed | 35 years | |||
Kapolei Medical Park | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 16,253 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 16,253 | |||
Gross Amount at Which Carried at Close of Period | 16,253 | |||
Accumulated Depreciation | 0 | |||
Life on Which Building Depreciation in Income Statement is Computed | 35 years | |||
Rush Oak Park MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,096 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 38,550 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 1,096 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 38,550 | |||
Gross Amount at Which Carried at Close of Period | 39,646 | |||
Accumulated Depreciation | -3,197 | |||
Life on Which Building Depreciation in Income Statement is Computed | 38 years | |||
Brownsburg MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 431 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 639 | |||
Cost Capitalized Subsequent to Acquisition | 173 | |||
Gross Amount at Which Carried at Close of Period Land | 431 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 812 | |||
Gross Amount at Which Carried at Close of Period | 1,243 | |||
Accumulated Depreciation | -348 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Athens SC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 381 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,575 | |||
Cost Capitalized Subsequent to Acquisition | 249 | |||
Gross Amount at Which Carried at Close of Period Land | 381 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,824 | |||
Gross Amount at Which Carried at Close of Period | 4,205 | |||
Accumulated Depreciation | -967 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Crawfordsville MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 4,046 | |||
Initial Cost to Company Land | 318 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 1,899 | |||
Cost Capitalized Subsequent to Acquisition | 65 | |||
Gross Amount at Which Carried at Close of Period Land | 318 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 1,964 | |||
Gross Amount at Which Carried at Close of Period | 2,282 | |||
Accumulated Depreciation | -559 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Deaconess Clinic Downtown | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,748 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 21,963 | |||
Cost Capitalized Subsequent to Acquisition | 61 | |||
Gross Amount at Which Carried at Close of Period Land | 1,748 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 22,024 | |||
Gross Amount at Which Carried at Close of Period | 23,772 | |||
Accumulated Depreciation | -3,838 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Deaconess Clinic Westside | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 19,818 | |||
Initial Cost to Company Land | 360 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,265 | |||
Cost Capitalized Subsequent to Acquisition | 356 | |||
Gross Amount at Which Carried at Close of Period Land | 360 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,621 | |||
Gross Amount at Which Carried at Close of Period | 3,981 | |||
Accumulated Depreciation | -591 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Dupont MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 8,246 | |||
Cost Capitalized Subsequent to Acquisition | 10 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 8,256 | |||
Gross Amount at Which Carried at Close of Period | 8,256 | |||
Accumulated Depreciation | -356 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Ft. Wayne MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,579 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 6,579 | |||
Gross Amount at Which Carried at Close of Period | 6,579 | |||
Accumulated Depreciation | -954 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Community MP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 560 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,581 | |||
Cost Capitalized Subsequent to Acquisition | 214 | |||
Gross Amount at Which Carried at Close of Period Land | 560 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,795 | |||
Gross Amount at Which Carried at Close of Period | 4,355 | |||
Accumulated Depreciation | -938 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Eagle Highlands MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,216 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 11,154 | |||
Cost Capitalized Subsequent to Acquisition | 4,281 | |||
Gross Amount at Which Carried at Close of Period Land | 2,216 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 15,435 | |||
Gross Amount at Which Carried at Close of Period | 17,651 | |||
Accumulated Depreciation | -3,674 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Epler Parke MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,556 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,928 | |||
Cost Capitalized Subsequent to Acquisition | 116 | |||
Gross Amount at Which Carried at Close of Period Land | 1,556 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,044 | |||
Gross Amount at Which Carried at Close of Period | 8,600 | |||
Accumulated Depreciation | -1,935 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Glendale Prof Plaza | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 570 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 2,739 | |||
Cost Capitalized Subsequent to Acquisition | 973 | |||
Gross Amount at Which Carried at Close of Period Land | 570 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,712 | |||
Gross Amount at Which Carried at Close of Period | 4,282 | |||
Accumulated Depreciation | -1,110 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
MMP Eagle Highlands | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,044 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 13,548 | |||
Cost Capitalized Subsequent to Acquisition | 2,093 | |||
Gross Amount at Which Carried at Close of Period Land | 1,044 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 15,641 | |||
Gross Amount at Which Carried at Close of Period | 16,685 | |||
Accumulated Depreciation | -3,847 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
MMP East | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,236 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,840 | |||
Cost Capitalized Subsequent to Acquisition | 1,805 | |||
Gross Amount at Which Carried at Close of Period Land | 1,236 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 11,645 | |||
Gross Amount at Which Carried at Close of Period | 12,881 | |||
Accumulated Depreciation | -3,784 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
MMP North | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,518 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 15,460 | |||
Cost Capitalized Subsequent to Acquisition | 3,576 | |||
Gross Amount at Which Carried at Close of Period Land | 1,427 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 19,127 | |||
Gross Amount at Which Carried at Close of Period | 20,554 | |||
Accumulated Depreciation | -4,304 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
MMP South | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,127 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 10,414 | |||
Cost Capitalized Subsequent to Acquisition | 1,077 | |||
Gross Amount at Which Carried at Close of Period Land | 1,127 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 11,491 | |||
Gross Amount at Which Carried at Close of Period | 12,618 | |||
Accumulated Depreciation | -2,964 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Southpointe MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 8,666 | |||
Initial Cost to Company Land | 2,190 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,548 | |||
Cost Capitalized Subsequent to Acquisition | 1,774 | |||
Gross Amount at Which Carried at Close of Period Land | 2,190 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,322 | |||
Gross Amount at Which Carried at Close of Period | 11,512 | |||
Accumulated Depreciation | -2,408 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Kokomo MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,779 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,614 | |||
Cost Capitalized Subsequent to Acquisition | 775 | |||
Gross Amount at Which Carried at Close of Period Land | 1,779 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 10,389 | |||
Gross Amount at Which Carried at Close of Period | 12,168 | |||
Accumulated Depreciation | -2,689 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Deaconess Clinic Gateway | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 10,952 | |||
Cost Capitalized Subsequent to Acquisition | -9 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 10,943 | |||
Gross Amount at Which Carried at Close of Period | 10,943 | |||
Accumulated Depreciation | -1,650 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Zionsville MC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 655 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 2,877 | |||
Cost Capitalized Subsequent to Acquisition | 557 | |||
Gross Amount at Which Carried at Close of Period Land | 664 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,425 | |||
Gross Amount at Which Carried at Close of Period | 4,089 | |||
Accumulated Depreciation | -936 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
KS Doctors MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,808 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,517 | |||
Cost Capitalized Subsequent to Acquisition | 1,091 | |||
Gross Amount at Which Carried at Close of Period Land | 1,808 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 10,608 | |||
Gross Amount at Which Carried at Close of Period | 12,416 | |||
Accumulated Depreciation | -2,506 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Nashoba Valley Med Center MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 5,529 | |||
Cost Capitalized Subsequent to Acquisition | 304 | |||
Gross Amount at Which Carried at Close of Period Land | 299 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 5,534 | |||
Gross Amount at Which Carried at Close of Period | 5,833 | |||
Accumulated Depreciation | -532 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
Tufts Medical Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 74,039 | |||
Initial Cost to Company Land | 32,514 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 109,180 | |||
Cost Capitalized Subsequent to Acquisition | 973 | |||
Gross Amount at Which Carried at Close of Period Land | 32,514 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 110,153 | |||
Gross Amount at Which Carried at Close of Period | 142,667 | |||
Accumulated Depreciation | -2,071 | |||
Life on Which Building Depreciation in Income Statement is Computed | 35 years | |||
St. Elizabeth’s Med Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 20,929 | |||
Cost Capitalized Subsequent to Acquisition | 2,767 | |||
Gross Amount at Which Carried at Close of Period Land | 1,379 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 22,317 | |||
Gross Amount at Which Carried at Close of Period | 23,696 | |||
Accumulated Depreciation | -1,958 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
Good Samaritan Cancer Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 4,171 | |||
Cost Capitalized Subsequent to Acquisition | 10 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 4,181 | |||
Gross Amount at Which Carried at Close of Period | 4,181 | |||
Accumulated Depreciation | -298 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
Good Samaritan Med Center MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 11,716 | |||
Cost Capitalized Subsequent to Acquisition | 264 | |||
Gross Amount at Which Carried at Close of Period Land | 144 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 11,836 | |||
Gross Amount at Which Carried at Close of Period | 11,980 | |||
Accumulated Depreciation | -1,081 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
Carney Hospital MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,250 | |||
Cost Capitalized Subsequent to Acquisition | 632 | |||
Gross Amount at Which Carried at Close of Period Land | 530 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,352 | |||
Gross Amount at Which Carried at Close of Period | 7,882 | |||
Accumulated Depreciation | -665 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
St. Anne’s Hospital MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,304 | |||
Cost Capitalized Subsequent to Acquisition | 40 | |||
Gross Amount at Which Carried at Close of Period Land | 40 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,304 | |||
Gross Amount at Which Carried at Close of Period | 9,344 | |||
Accumulated Depreciation | -657 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
Norwood Hospital MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,489 | |||
Cost Capitalized Subsequent to Acquisition | 143 | |||
Gross Amount at Which Carried at Close of Period Land | 2,295 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,337 | |||
Gross Amount at Which Carried at Close of Period | 9,632 | |||
Accumulated Depreciation | -723 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
Holy Family Hospital MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 4,502 | |||
Cost Capitalized Subsequent to Acquisition | 189 | |||
Gross Amount at Which Carried at Close of Period Land | 168 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 4,523 | |||
Gross Amount at Which Carried at Close of Period | 4,691 | |||
Accumulated Depreciation | -500 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
N. Berkshire MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,259 | |||
Cost Capitalized Subsequent to Acquisition | 241 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,500 | |||
Gross Amount at Which Carried at Close of Period | 7,500 | |||
Accumulated Depreciation | -1,027 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Morton Hospital MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 15,317 | |||
Cost Capitalized Subsequent to Acquisition | 670 | |||
Gross Amount at Which Carried at Close of Period Land | 502 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 15,485 | |||
Gross Amount at Which Carried at Close of Period | 15,987 | |||
Accumulated Depreciation | -2,118 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
Johnston Professional Building | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 14,001 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 21,481 | |||
Cost Capitalized Subsequent to Acquisition | 40 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 21,521 | |||
Gross Amount at Which Carried at Close of Period | 21,521 | |||
Accumulated Depreciation | -345 | |||
Life on Which Building Depreciation in Income Statement is Computed | 35 years | |||
Triad Tech Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 11,260 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 26,548 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 26,548 | |||
Gross Amount at Which Carried at Close of Period | 26,548 | |||
Accumulated Depreciation | -3,461 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
St. John Providence MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 42,371 | |||
Cost Capitalized Subsequent to Acquisition | 7 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 42,378 | |||
Gross Amount at Which Carried at Close of Period | 42,378 | |||
Accumulated Depreciation | -4,924 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Fort Road MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,571 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 5,786 | |||
Cost Capitalized Subsequent to Acquisition | 615 | |||
Gross Amount at Which Carried at Close of Period Land | 1,571 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 6,401 | |||
Gross Amount at Which Carried at Close of Period | 7,972 | |||
Accumulated Depreciation | -1,499 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Gallery Professional Building | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 5,709 | |||
Initial Cost to Company Land | 1,157 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 5,009 | |||
Cost Capitalized Subsequent to Acquisition | 3,340 | |||
Gross Amount at Which Carried at Close of Period Land | 1,157 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 8,349 | |||
Gross Amount at Which Carried at Close of Period | 9,506 | |||
Accumulated Depreciation | -3,171 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Chesterfield Rehab Hospital | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 4,213 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 27,900 | |||
Cost Capitalized Subsequent to Acquisition | 770 | |||
Gross Amount at Which Carried at Close of Period Land | 4,312 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 28,571 | |||
Gross Amount at Which Carried at Close of Period | 32,883 | |||
Accumulated Depreciation | -5,758 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
BJC West County MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,242 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 13,130 | |||
Cost Capitalized Subsequent to Acquisition | 593 | |||
Gross Amount at Which Carried at Close of Period Land | 2,242 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 13,723 | |||
Gross Amount at Which Carried at Close of Period | 15,965 | |||
Accumulated Depreciation | -3,099 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Winghaven MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,455 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,708 | |||
Cost Capitalized Subsequent to Acquisition | 551 | |||
Gross Amount at Which Carried at Close of Period Land | 1,455 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 10,259 | |||
Gross Amount at Which Carried at Close of Period | 11,714 | |||
Accumulated Depreciation | -2,430 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
BJC MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 304 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 1,554 | |||
Cost Capitalized Subsequent to Acquisition | -2 | |||
Gross Amount at Which Carried at Close of Period Land | 304 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 1,552 | |||
Gross Amount at Which Carried at Close of Period | 1,856 | |||
Accumulated Depreciation | -343 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Des Peres MAP II | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 11,386 | |||
Cost Capitalized Subsequent to Acquisition | 604 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 11,990 | |||
Gross Amount at Which Carried at Close of Period | 11,990 | |||
Accumulated Depreciation | -1,722 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Medical Park of Cary | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,931 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 19,855 | |||
Cost Capitalized Subsequent to Acquisition | 1,607 | |||
Gross Amount at Which Carried at Close of Period Land | 2,931 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 21,462 | |||
Gross Amount at Which Carried at Close of Period | 24,393 | |||
Accumulated Depreciation | -3,319 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
3100 Blue Ridge | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,732 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 8,891 | |||
Cost Capitalized Subsequent to Acquisition | 14 | |||
Gross Amount at Which Carried at Close of Period Land | 1,732 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 8,905 | |||
Gross Amount at Which Carried at Close of Period | 10,637 | |||
Accumulated Depreciation | -179 | |||
Life on Which Building Depreciation in Income Statement is Computed | 35 years | |||
Raleigh Medical Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,281 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,530 | |||
Cost Capitalized Subsequent to Acquisition | 3,168 | |||
Gross Amount at Which Carried at Close of Period Land | 1,281 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 15,698 | |||
Gross Amount at Which Carried at Close of Period | 16,979 | |||
Accumulated Depreciation | -2,461 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Nutfield Professional Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,075 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 10,320 | |||
Cost Capitalized Subsequent to Acquisition | 745 | |||
Gross Amount at Which Carried at Close of Period Land | 1,075 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 11,065 | |||
Gross Amount at Which Carried at Close of Period | 12,140 | |||
Accumulated Depreciation | -2,089 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Santa Fe 1640 MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 3,271 | |||
Initial Cost to Company Land | 697 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 4,268 | |||
Cost Capitalized Subsequent to Acquisition | 64 | |||
Gross Amount at Which Carried at Close of Period Land | 697 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 4,332 | |||
Gross Amount at Which Carried at Close of Period | 5,029 | |||
Accumulated Depreciation | -648 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Santa Fe 440 MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 842 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,448 | |||
Cost Capitalized Subsequent to Acquisition | 13 | |||
Gross Amount at Which Carried at Close of Period Land | 842 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,461 | |||
Gross Amount at Which Carried at Close of Period | 8,303 | |||
Accumulated Depreciation | -1,154 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
San Martin MAP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 14,777 | |||
Cost Capitalized Subsequent to Acquisition | -153 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,624 | |||
Gross Amount at Which Carried at Close of Period | 14,624 | |||
Accumulated Depreciation | -1,891 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Madison Ave MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 1,820 | |||
Initial Cost to Company Land | 83 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 2,759 | |||
Cost Capitalized Subsequent to Acquisition | 16 | |||
Gross Amount at Which Carried at Close of Period Land | 83 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 2,775 | |||
Gross Amount at Which Carried at Close of Period | 2,858 | |||
Accumulated Depreciation | -373 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Patroon Creek HQ | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 19,746 | |||
Initial Cost to Company Land | 1,870 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 29,453 | |||
Cost Capitalized Subsequent to Acquisition | 6,661 | |||
Gross Amount at Which Carried at Close of Period Land | 1,870 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 36,114 | |||
Gross Amount at Which Carried at Close of Period | 37,984 | |||
Accumulated Depreciation | -3,875 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Patroon Creek MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,439 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 27,639 | |||
Cost Capitalized Subsequent to Acquisition | 137 | |||
Gross Amount at Which Carried at Close of Period Land | 1,439 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 27,776 | |||
Gross Amount at Which Carried at Close of Period | 29,215 | |||
Accumulated Depreciation | -3,563 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Washington Ave MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,699 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 18,440 | |||
Cost Capitalized Subsequent to Acquisition | 226 | |||
Gross Amount at Which Carried at Close of Period Land | 1,699 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 18,666 | |||
Gross Amount at Which Carried at Close of Period | 20,365 | |||
Accumulated Depreciation | -2,741 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Putnam MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 17,923 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 24,216 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 24,216 | |||
Gross Amount at Which Carried at Close of Period | 24,216 | |||
Accumulated Depreciation | -2,741 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Capital Region Health Park | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,305 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 37,494 | |||
Cost Capitalized Subsequent to Acquisition | 1,417 | |||
Gross Amount at Which Carried at Close of Period Land | 2,305 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 38,911 | |||
Gross Amount at Which Carried at Close of Period | 41,216 | |||
Accumulated Depreciation | -5,245 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
St. Francis MAP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 17,810 | |||
Cost Capitalized Subsequent to Acquisition | 1,405 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 19,215 | |||
Gross Amount at Which Carried at Close of Period | 19,215 | |||
Accumulated Depreciation | -3,122 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Westchester MOBs | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 17,274 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 41,865 | |||
Cost Capitalized Subsequent to Acquisition | 277 | |||
Gross Amount at Which Carried at Close of Period Land | 17,274 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 42,142 | |||
Gross Amount at Which Carried at Close of Period | 59,416 | |||
Accumulated Depreciation | -810 | |||
Life on Which Building Depreciation in Income Statement is Computed | 29 years | |||
210 Westchester MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 8,628 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 18,408 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 8,628 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 18,408 | |||
Gross Amount at Which Carried at Close of Period | 27,036 | |||
Accumulated Depreciation | 0 | |||
Life on Which Building Depreciation in Income Statement is Computed | 31 years | |||
Market Exchange MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,326 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 17,207 | |||
Cost Capitalized Subsequent to Acquisition | 2,371 | |||
Gross Amount at Which Carried at Close of Period Land | 2,326 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 19,578 | |||
Gross Amount at Which Carried at Close of Period | 21,904 | |||
Accumulated Depreciation | -3,811 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Park Place MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,987 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 11,341 | |||
Cost Capitalized Subsequent to Acquisition | 1,357 | |||
Gross Amount at Which Carried at Close of Period Land | 1,987 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 12,698 | |||
Gross Amount at Which Carried at Close of Period | 14,685 | |||
Accumulated Depreciation | -3,699 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Liberty Falls MP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 842 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 5,640 | |||
Cost Capitalized Subsequent to Acquisition | 635 | |||
Gross Amount at Which Carried at Close of Period Land | 842 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 6,275 | |||
Gross Amount at Which Carried at Close of Period | 7,117 | |||
Accumulated Depreciation | -1,772 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Parma Ridge MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 372 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,636 | |||
Cost Capitalized Subsequent to Acquisition | 728 | |||
Gross Amount at Which Carried at Close of Period Land | 372 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 4,364 | |||
Gross Amount at Which Carried at Close of Period | 4,736 | |||
Accumulated Depreciation | -1,009 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Deaconess MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 25,975 | |||
Cost Capitalized Subsequent to Acquisition | 2,430 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 28,405 | |||
Gross Amount at Which Carried at Close of Period | 28,405 | |||
Accumulated Depreciation | -6,020 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Monroeville MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 3,264 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,038 | |||
Cost Capitalized Subsequent to Acquisition | 58 | |||
Gross Amount at Which Carried at Close of Period Land | 3,264 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,096 | |||
Gross Amount at Which Carried at Close of Period | 10,360 | |||
Accumulated Depreciation | -818 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
2750 Monroe MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,323 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 22,631 | |||
Cost Capitalized Subsequent to Acquisition | 5,423 | |||
Gross Amount at Which Carried at Close of Period Land | 2,323 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 28,054 | |||
Gross Amount at Which Carried at Close of Period | 30,377 | |||
Accumulated Depreciation | -6,331 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Federal North MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,489 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 30,268 | |||
Cost Capitalized Subsequent to Acquisition | 90 | |||
Gross Amount at Which Carried at Close of Period Land | 2,489 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 30,358 | |||
Gross Amount at Which Carried at Close of Period | 32,847 | |||
Accumulated Depreciation | -4,146 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Highmark Penn Ave | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,774 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 38,921 | |||
Cost Capitalized Subsequent to Acquisition | 1,004 | |||
Gross Amount at Which Carried at Close of Period Land | 1,774 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 39,925 | |||
Gross Amount at Which Carried at Close of Period | 41,699 | |||
Accumulated Depreciation | -3,951 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
WP Allegheny HQ MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,514 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 32,368 | |||
Cost Capitalized Subsequent to Acquisition | 377 | |||
Gross Amount at Which Carried at Close of Period Land | 1,514 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 32,745 | |||
Gross Amount at Which Carried at Close of Period | 34,259 | |||
Accumulated Depreciation | -4,014 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Cannon Park Place | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 425 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 8,651 | |||
Cost Capitalized Subsequent to Acquisition | 83 | |||
Gross Amount at Which Carried at Close of Period Land | 425 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 8,734 | |||
Gross Amount at Which Carried at Close of Period | 9,159 | |||
Accumulated Depreciation | -1,143 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Tides Medical Arts Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 3,763 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 19,787 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 3,763 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 19,787 | |||
Gross Amount at Which Carried at Close of Period | 23,550 | |||
Accumulated Depreciation | -217 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
GHS Memorial | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 4,199 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 8,301 | |||
Cost Capitalized Subsequent to Acquisition | 385 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 8,686 | |||
Gross Amount at Which Carried at Close of Period | 8,686 | |||
Accumulated Depreciation | -1,270 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
GHS MMC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 21,526 | |||
Initial Cost to Company Land | 995 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 39,158 | |||
Cost Capitalized Subsequent to Acquisition | 1,308 | |||
Gross Amount at Which Carried at Close of Period Land | 995 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 40,466 | |||
Gross Amount at Which Carried at Close of Period | 41,461 | |||
Accumulated Depreciation | -5,965 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
GHS MOBs I | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,644 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,144 | |||
Cost Capitalized Subsequent to Acquisition | 558 | |||
Gross Amount at Which Carried at Close of Period Land | 1,644 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,702 | |||
Gross Amount at Which Carried at Close of Period | 11,346 | |||
Accumulated Depreciation | -1,619 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
GHS Patewood MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 64,537 | |||
Cost Capitalized Subsequent to Acquisition | 872 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 65,409 | |||
Gross Amount at Which Carried at Close of Period | 65,409 | |||
Accumulated Depreciation | -9,943 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
GHS Greer MOBs | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 7,932 | |||
Initial Cost to Company Land | 1,309 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 14,639 | |||
Cost Capitalized Subsequent to Acquisition | 13 | |||
Gross Amount at Which Carried at Close of Period Land | 1,309 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,652 | |||
Gross Amount at Which Carried at Close of Period | 15,961 | |||
Accumulated Depreciation | -2,245 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Hilton Head Heritage MOP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,125 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 5,398 | |||
Cost Capitalized Subsequent to Acquisition | 48 | |||
Gross Amount at Which Carried at Close of Period Land | 1,125 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 5,446 | |||
Gross Amount at Which Carried at Close of Period | 6,571 | |||
Accumulated Depreciation | -950 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Hilton Head Moss Creek MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 209 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 2,066 | |||
Cost Capitalized Subsequent to Acquisition | 3 | |||
Gross Amount at Which Carried at Close of Period Land | 209 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 2,069 | |||
Gross Amount at Which Carried at Close of Period | 2,278 | |||
Accumulated Depreciation | -272 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
East Cooper Medical Arts Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,470 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,289 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 2,470 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 6,289 | |||
Gross Amount at Which Carried at Close of Period | 8,759 | |||
Accumulated Depreciation | 0 | |||
Life on Which Building Depreciation in Income Statement is Computed | 32 years | |||
East Cooper Medical Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,073 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 5,939 | |||
Cost Capitalized Subsequent to Acquisition | 180 | |||
Gross Amount at Which Carried at Close of Period Land | 2,073 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 6,119 | |||
Gross Amount at Which Carried at Close of Period | 8,192 | |||
Accumulated Depreciation | -1,148 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Mary Black MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 12,523 | |||
Cost Capitalized Subsequent to Acquisition | 56 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 12,579 | |||
Gross Amount at Which Carried at Close of Period | 12,579 | |||
Accumulated Depreciation | -2,333 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Lenox Office Park | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 11,412 | |||
Initial Cost to Company Land | 1,670 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 13,626 | |||
Cost Capitalized Subsequent to Acquisition | -743 | |||
Gross Amount at Which Carried at Close of Period Land | 1,670 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 12,883 | |||
Gross Amount at Which Carried at Close of Period | 14,553 | |||
Accumulated Depreciation | -3,057 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Mountain Empire MOBs | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,296 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 36,523 | |||
Cost Capitalized Subsequent to Acquisition | 2,385 | |||
Gross Amount at Which Carried at Close of Period Land | 1,296 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 38,908 | |||
Gross Amount at Which Carried at Close of Period | 40,204 | |||
Accumulated Depreciation | -8,368 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Amarillo Hospital | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,110 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 17,688 | |||
Cost Capitalized Subsequent to Acquisition | 30 | |||
Gross Amount at Which Carried at Close of Period Land | 1,110 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 17,718 | |||
Gross Amount at Which Carried at Close of Period | 18,828 | |||
Accumulated Depreciation | -3,294 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Senior Care - Meadowview | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 350 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 2,066 | |||
Cost Capitalized Subsequent to Acquisition | 15 | |||
Gross Amount at Which Carried at Close of Period Land | 350 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 2,081 | |||
Gross Amount at Which Carried at Close of Period | 2,431 | |||
Accumulated Depreciation | -541 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Austin Heart MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 4,486 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 15,172 | |||
Cost Capitalized Subsequent to Acquisition | 7 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 15,179 | |||
Gross Amount at Which Carried at Close of Period | 15,179 | |||
Accumulated Depreciation | -545 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Post Oak North MC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 887 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,011 | |||
Cost Capitalized Subsequent to Acquisition | 3 | |||
Gross Amount at Which Carried at Close of Period Land | 887 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,014 | |||
Gross Amount at Which Carried at Close of Period | 7,901 | |||
Accumulated Depreciation | -303 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Texas A&M Health Science Center | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 32,494 | |||
Cost Capitalized Subsequent to Acquisition | -32 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 32,462 | |||
Gross Amount at Which Carried at Close of Period | 32,462 | |||
Accumulated Depreciation | -1,954 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Dallas Rehab Hospital | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,919 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 16,341 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 1,919 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 16,341 | |||
Gross Amount at Which Carried at Close of Period | 18,260 | |||
Accumulated Depreciation | -2,067 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Cedar Hill MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 778 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 4,830 | |||
Cost Capitalized Subsequent to Acquisition | 138 | |||
Gross Amount at Which Carried at Close of Period Land | 778 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 4,968 | |||
Gross Amount at Which Carried at Close of Period | 5,746 | |||
Accumulated Depreciation | -1,165 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Corsicana MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,781 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 6,781 | |||
Gross Amount at Which Carried at Close of Period | 6,781 | |||
Accumulated Depreciation | -1,267 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Dallas LTAC Hospital | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,301 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 20,627 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 2,301 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 20,627 | |||
Gross Amount at Which Carried at Close of Period | 22,928 | |||
Accumulated Depreciation | -3,008 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Forest Park Pavilion | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 9,670 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 11,152 | |||
Cost Capitalized Subsequent to Acquisition | -208 | |||
Gross Amount at Which Carried at Close of Period Land | 9,670 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 10,944 | |||
Gross Amount at Which Carried at Close of Period | 20,614 | |||
Accumulated Depreciation | -992 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Forest Park Tower | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 3,340 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 35,071 | |||
Cost Capitalized Subsequent to Acquisition | 134 | |||
Gross Amount at Which Carried at Close of Period Land | 3,340 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 35,205 | |||
Gross Amount at Which Carried at Close of Period | 38,545 | |||
Accumulated Depreciation | -2,286 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Denton Med Rehab Hospital | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 2,000 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 11,704 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 2,000 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 11,704 | |||
Gross Amount at Which Carried at Close of Period | 13,704 | |||
Accumulated Depreciation | -2,012 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Denton MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,543 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,543 | |||
Gross Amount at Which Carried at Close of Period | 7,543 | |||
Accumulated Depreciation | -1,108 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Forest Park Frisco MC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,238 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 19,979 | |||
Cost Capitalized Subsequent to Acquisition | 2,182 | |||
Gross Amount at Which Carried at Close of Period Land | 1,238 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 22,161 | |||
Gross Amount at Which Carried at Close of Period | 23,399 | |||
Accumulated Depreciation | -1,056 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Senior Care Galveston | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 966 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,195 | |||
Cost Capitalized Subsequent to Acquisition | 6 | |||
Gross Amount at Which Carried at Close of Period Land | 966 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,201 | |||
Gross Amount at Which Carried at Close of Period | 8,167 | |||
Accumulated Depreciation | -1,418 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Greenville MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 616 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 10,822 | |||
Cost Capitalized Subsequent to Acquisition | 287 | |||
Gross Amount at Which Carried at Close of Period Land | 616 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 11,109 | |||
Gross Amount at Which Carried at Close of Period | 11,725 | |||
Accumulated Depreciation | -2,427 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
7900 Fannin MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 34,764 | |||
Cost Capitalized Subsequent to Acquisition | 246 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 35,010 | |||
Gross Amount at Which Carried at Close of Period | 35,010 | |||
Accumulated Depreciation | -4,602 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Cypress Station MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,345 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 8,312 | |||
Cost Capitalized Subsequent to Acquisition | 714 | |||
Gross Amount at Which Carried at Close of Period Land | 1,345 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,026 | |||
Gross Amount at Which Carried at Close of Period | 10,371 | |||
Accumulated Depreciation | -2,243 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Triumph Hospital NW | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,377 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 14,531 | |||
Cost Capitalized Subsequent to Acquisition | 239 | |||
Gross Amount at Which Carried at Close of Period Land | 1,377 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,770 | |||
Gross Amount at Which Carried at Close of Period | 16,147 | |||
Accumulated Depreciation | -4,061 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Lone Star Endoscopy MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 622 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,502 | |||
Cost Capitalized Subsequent to Acquisition | -5 | |||
Gross Amount at Which Carried at Close of Period Land | 622 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,497 | |||
Gross Amount at Which Carried at Close of Period | 4,119 | |||
Accumulated Depreciation | -754 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Lewisville MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 452 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,841 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 452 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,841 | |||
Gross Amount at Which Carried at Close of Period | 4,293 | |||
Accumulated Depreciation | -652 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Pearland MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,602 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,017 | |||
Cost Capitalized Subsequent to Acquisition | 495 | |||
Gross Amount at Which Carried at Close of Period Land | 1,602 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,512 | |||
Gross Amount at Which Carried at Close of Period | 9,114 | |||
Accumulated Depreciation | -1,408 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Senior Care Port Arthur | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 521 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,368 | |||
Cost Capitalized Subsequent to Acquisition | 4 | |||
Gross Amount at Which Carried at Close of Period Land | 521 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,372 | |||
Gross Amount at Which Carried at Close of Period | 7,893 | |||
Accumulated Depreciation | -1,501 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
San Angelo MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 3,907 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 3,907 | |||
Gross Amount at Which Carried at Close of Period | 3,907 | |||
Accumulated Depreciation | -721 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Mtn Plains Pecan Valley | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 416 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 13,690 | |||
Cost Capitalized Subsequent to Acquisition | 1,033 | |||
Gross Amount at Which Carried at Close of Period Land | 416 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,723 | |||
Gross Amount at Which Carried at Close of Period | 15,139 | |||
Accumulated Depreciation | -2,804 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Sugar Land II MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 0 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 9,648 | |||
Cost Capitalized Subsequent to Acquisition | 166 | |||
Gross Amount at Which Carried at Close of Period Land | 0 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 9,814 | |||
Gross Amount at Which Carried at Close of Period | 9,814 | |||
Accumulated Depreciation | -2,113 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Triumph Hospital SW | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,670 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 14,018 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 1,670 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,018 | |||
Gross Amount at Which Carried at Close of Period | 15,688 | |||
Accumulated Depreciation | -3,981 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Senior Care Texas City | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 465 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 7,744 | |||
Cost Capitalized Subsequent to Acquisition | 3 | |||
Gross Amount at Which Carried at Close of Period Land | 465 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,747 | |||
Gross Amount at Which Carried at Close of Period | 8,212 | |||
Accumulated Depreciation | -1,522 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Baylor MP | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 865 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 6,728 | |||
Cost Capitalized Subsequent to Acquisition | 315 | |||
Gross Amount at Which Carried at Close of Period Land | 865 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 7,043 | |||
Gross Amount at Which Carried at Close of Period | 7,908 | |||
Accumulated Depreciation | -1,565 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Mtn Plains Clear Lake | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 832 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 21,168 | |||
Cost Capitalized Subsequent to Acquisition | 110 | |||
Gross Amount at Which Carried at Close of Period Land | 832 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 21,278 | |||
Gross Amount at Which Carried at Close of Period | 22,110 | |||
Accumulated Depreciation | -4,052 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
N. Texas Neurology MOB | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 736 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 5,611 | |||
Cost Capitalized Subsequent to Acquisition | -6 | |||
Gross Amount at Which Carried at Close of Period Land | 736 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 5,605 | |||
Gross Amount at Which Carried at Close of Period | 6,341 | |||
Accumulated Depreciation | -1,192 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Renaissance MC | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 18,188 | |||
Initial Cost to Company Land | 3,701 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 24,442 | |||
Cost Capitalized Subsequent to Acquisition | 214 | |||
Gross Amount at Which Carried at Close of Period Land | 3,701 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 24,656 | |||
Gross Amount at Which Carried at Close of Period | 28,357 | |||
Accumulated Depreciation | -4,415 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Aurora - Franklin | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 945 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 15,336 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 945 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 15,336 | |||
Gross Amount at Which Carried at Close of Period | 16,281 | |||
Accumulated Depreciation | -3,327 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Aurora - Menomenee | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 1,055 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 14,998 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 1,055 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 14,998 | |||
Gross Amount at Which Carried at Close of Period | 16,053 | |||
Accumulated Depreciation | -3,584 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Aurora - Mequon | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 9,423 | |||
Initial Cost to Company Land | 950 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 19,027 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 950 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 19,027 | |||
Gross Amount at Which Carried at Close of Period | 19,977 | |||
Accumulated Depreciation | -4,393 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Aurora - Milwaukee | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 350 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 5,508 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 350 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 5,508 | |||
Gross Amount at Which Carried at Close of Period | 5,858 | |||
Accumulated Depreciation | -1,298 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Aurora - Richfield | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 0 | |||
Initial Cost to Company Land | 255 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 2,818 | |||
Cost Capitalized Subsequent to Acquisition | 0 | |||
Gross Amount at Which Carried at Close of Period Land | 255 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 2,818 | |||
Gross Amount at Which Carried at Close of Period | 3,073 | |||
Accumulated Depreciation | -853 | |||
Life on Which Building Depreciation in Income Statement is Computed | 39 years | |||
Total | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Encumbrances | 421,873 | |||
Initial Cost to Company Land | 282,381 | |||
Initial Cost to Company Buildings, Improvements and Fixtures | 2,258,476 | |||
Cost Capitalized Subsequent to Acquisition | 112,675 | |||
Gross Amount at Which Carried at Close of Period Land | 287,755 | |||
Gross Amount at Which Carried at Close of Period Buildings, Improvements and Fixtures | 2,665,777 | |||
Gross Amount at Which Carried at Close of Period | 2,953,532 | |||
Accumulated Depreciation | ($383,966) |
Schedule_III_Real_Estate_and_A2
Schedule III - Real Estate and Accumulated Depreciation - Rollforward of Carrying Amount of Real Estate Assets (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | |||
Balance as of the beginning of the year | $2,561,073,000 | $2,227,764,000 | $1,971,254,000 |
Acquisitions | 410,732,000 | 308,229,000 | 239,403,000 |
Additions | 33,109,000 | 27,787,000 | 18,761,000 |
Dispositions | -51,382,000 | -2,707,000 | -1,654,000 |
Balance as of the end of the year | 2,953,532,000 | 2,561,073,000 | 2,227,764,000 |
Lease intangibles | 419,288,000 | 411,857,000 | 352,900,000 |
Federal income tax basis | $3,400,000,000 |
Schedule_III_Real_Estate_and_A3
Schedule III - Real Estate and Accumulated Depreciation - Rollforward of Accumulated Depreciation (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Balance as of the beginning of the year | $308,173,000 | $235,157,000 | $164,783,000 |
Additions | 87,854,000 | 75,656,000 | 72,028,000 |
Dispositions | -12,061,000 | -2,640,000 | -1,654,000 |
Balance as of the end of the year | 383,966,000 | 308,173,000 | 235,157,000 |
Accumulated depreciation lease intangibles | $166,000,000 | $137,800,000 | $114,000,000 |
Tenant Improvements | Minimum | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Estimated useful life | 1 month | ||
Tenant Improvements | Maximum | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Estimated useful life | 240 months | ||
Furniture and Fixtures | |||
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | |||
Estimated useful life | 5 years |
Schedule_IV_Mortgage_Loans_on_1
Schedule IV - Mortgage Loans on Real Estate Assets (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Movement in Mortgage Loans on Real Estate [Roll Forward] | |||
Balance as of the beginning of the year | $28,520 | $20,000 | $57,459 |
Additions: | |||
New mortgage loans | 11,924 | 8,520 | 0 |
Deductions: | |||
Mortgage loan included in the consideration for the acquisition of a building | -11,924 | 0 | -37,264 |
Write-off of capitalized closing costs | 0 | 0 | -195 |
Collection of mortgage loans | -28,520 | 0 | 0 |
Balance as of the end of the year | $0 | $28,520 | $20,000 |